Downtown Portland Real Estate Market Update – May 2012
The downtown Portland real estate market (which is comprised of the zip codes 97201, 97204, 97205 & 97209) finished April with 58 closed sales, which is up from the 47 & 37 closed sales recorded during the prior months of March and February respectively. Of the 58 closed sales in April, 11 were distressed properties (foreclosures/short sales) representing 19% of the closed sales for the month.……
Read MoreSW Portland Real Estate Market Update – May 2012
The SW Portland real estate market (which is comprised of the zip codes 97219, 97221, 97225 & 97239) finished April with 105 closed sales, which is up from the 91 & 78 closed sales recorded during the prior months of March and February respectively. Of the 105 closed sales in April, 24 were distressed properties (foreclosures/short sales) representing 23% of the closed sales for the month. As ……
Read MoreFeatured Property – 15530 NE Knott St., Unit 28, Portland, OR 97230
Property Overview: Fantastic light & bright ground level condo in the fabulous Summerplace 55+ community! Spacious living room features a gas fireplace & access to covered deck with additional storage closet. Great kitchen w/ newer appliances, pantry & pull out shelves. Master bedroom suite w/ double closets. Underground parking space & storage unit. Includes access to ……
Read MoreNW Portland Real Estate Market Update – May 2012
The NW Portland real estate market (which is comprised of the zip codes 97210, 97229 & 97231) finished April with 129 closed sales, which continues an upward swing from the 99 and 60 closed sales recorded during the prior months of March and February respectively. Of the 98 closed sales in April, 22 were distressed properties (foreclosures/short sales) representing 17% of the closed sales for t……
Read MorePortland Real Estate Market Update – May 2012
The city of Portland real estate market finished April with 789 closed sales, which continues and upward trend from the 703 & 565 closed sales recorded in the prior months of March and February respectively. Of the 789 closed sales in April, 208 were distressed properties (foreclosures/short sales) representing 26.4% of the closed sales for the month. As of the end of April, distressed propertie……
Read MorePortland Metro Area Real Estate Market Update – May 2012
Our local multiple listing service (RMLS) released their market statistics for April today. Continuing a trend, the number of active listings are down and sales activity is up from a year ago. Consequently, the home inventory has dropped to only 4.7 months worth in April. This compares to 7.2 months worth of housing inventory a year ago. Unsold inventory levels haven't been this low since May 2007! ……
Read MoreCanby Real Estate Market Update – May 2012
The Canby real estate market finished March with 16 closed sales which is up from the 10 & 14 closed sales recorded during the prior months of February and January respectively. Of the 16 closed sales in March, 9 were distressed properties (foreclosures/short sales) representing 56% of the closed sales for the month. As of the end of March, distressed properties accounted for 31% of the active lis……
Read MoreNewberg Real Estate Market Update – May 2012
The Newberg real estate market finished March with 23 closed sales which is up from the 17 & 15 closed sales recorded during the prior months of February and January respectively. Of the 23 closed sales in March, 8 were distressed properties (foreclosures/short sales) representing 35% of the closed sales for the month. As of the end of March, distressed properties accounted for 33% of the active ……
Read MoreMilwaukie Real Estate Market Update – May 2012
The Milwaukie real estate market finished March with 61 closed sales, which is up significantly from the 29 & 50 closed sales recorded during the prior months of February and January respectively. Of the 61 closed sales in March, 28 were distressed properties (foreclosures/short sales) representing 46% of the closed sales for the month. As of the end of March, distressed properties accounted for 5……
Read MoreGresham Real Estate Market Update – May 2012
The Gresham real estate market finished March with 55 closed sales, which is up strongly from the 35 sales for the prior months of February and January. Of the 55 closed sales in March, 33 were distressed properties (foreclosures/short sales) representing 60% of the closed sales for the month. As of the end of March, distressed properties accounted for 51% of the active listing inventory. There were ……
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