The real estate market in West Linn Oregon finished February with 23 closed sales, which is up from the 16 sold in January and equal to the number recorded last December.  Of the 23 closed sales in February, 11 were distressed properties (foreclosures/short sales) representing 48% of the closed sales for the month.  There were 3 closed sales of homes valued over $500K during February and a total of 11 over the...Read the rest of this entry »

The real estate market in Lake Oswego Oregon finished February with 40 closed sales, which is down from from the 47 & 44 closed sales recorded during January and last December respectively.  Of the 40 closed sales in February, 19 were distressed properties (foreclosures/short sales) representing 48% of the closed sales for the month.  There were 12 closed sales of homes valued at $500K or more during February and a total of...Read the rest of this entry »

The widely watched Case-Shiller home price index published monthly by Standard & Poor’s was released today for January 2011.  There is a two-month lag time for the data in this report.  The index for the Portland Oregon metro area was measured to be 135.8 at the end of January, which means that the average price for a home in this area is up 35.8% from the January 2000 starting point for...Read the rest of this entry »

The real estate market in Hillsboro Oregon finished February with 48 closed sales, which is up slightly over the 46 closed sales recorded during January and down from the 75 closed last December.  Of the 48 closed sales in February, 20 were distressed properties (foreclosures/short sales) representing 42% of the closed sales for the month. The inventory level is lowest in the up to $250K price bracket at 9.5 months and overall...Read the rest of this entry »

We’ve invited our preferred home inspector, Ben Tester, aka “The Home Tester” to be a regular contributor to our blog. He will be sharing his insights and observations on potential issues he sees while performing home inspections throughout the Portland Oregon area as well as providing home maintenance tips to preserve the condition of your home.  Take it away Ben!  Here is mini report of another topic about water control...Read the rest of this entry »