The real estate market in West Linn Oregon finished April with 32 closed sales, compared to 31 and 23 closed sales in March and February respectively. Of the 32 closed sales in April, 12 were distressed properties (foreclosures/short sales) representing 38% of the closed sales for the month. As of the end of April, distressed properties accounted for 22% of the active listing inventory. There were 7 closed sales of homes valued over $500K during April and a total of 15 over the three month period of February – April.
The inventory level is lowest in the up to $250K price bracket at 8.3 months and overall it is at 9.7 months worth across all price brackets based solely on the April closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture increased to 10.8 months worth across all price brackets.
The average sold price in April was $392K which is a decrease of $4K, compared to $396K in March. Meanwhile, the median sold price in April increased to $362K, up from $350K in March. The average price of the active listings was $566K as of the end of April while the median price for the active listings was $419K during the same period.
New real estate listings in West Linn (past 7 days):