The North Portland real estate market (which is comprised of the zip codes 97203, 97217 & 97227) finished August with 77 closed sales, which is below the 89 & 80 closed sales recorded during July and June respectively.  Of the 77 closed sales in August, 16 were distressed properties (foreclosures/short sales) representing only 21% of the closed sales for the month.  As of the end of August, distressed properties accounted for 28%...Read the rest of this entry »

The downtown Portland real estate market (which is comprised of the zip codes 97201, 97204, 97205 & 97209) finished August with 51 closed sales, which is down from the 53 and 67 closed sales recorded in July and June respectively.  Of the 51 closed sales in August, 7 were distressed properties (foreclosures/short sales) representing 14% of the closed sales for the month.  As of the end of August, distressed properties accounted...Read the rest of this entry »

The SW Portland real estate market (which is comprised of the zip codes 97219, 97221, 97225 & 97239) finished August with 99 closed sales, which is down from the 112 & 127 closed sales recorded during the prior months of July and June respectively.  Of the 99 sales in August, 21 were distressed properties (foreclosures/short sales) representing 21% of the closed sales for the month.  As of the end of August,...Read the rest of this entry »

The NW Portland real estate market (which is comprised of the zip codes 97210, 97229 & 97231) finished August with 115 closed sales, which is between the 100 & 119 closed sales recorded during the prior months of July and June respectively.  Of the 115 closed sales in August, 18 were distressed properties (foreclosures/short sales) representing 16% of the closed sales for the month.  As of the end of August, distressed properties accounted...Read the rest of this entry »

The city of Portland real estate market finished August with 727 closed sales, which is down considerably from the 798 & 866 closed sales recorded in July and June respectively.  Of the 727 closed sales in August, 156 were distressed properties (foreclosures/short sales) representing 21.5% of the closed sales for the month.  As of the end of August, distressed properties accounted for 21.5% of the active listings as well.  There...Read the rest of this entry »