The West Linn real estate market finished Novmeber with 46 closed sales which is up compared to 31 and 25 closed sales in October and September respectively. Of the 46 closed sales in November, only 5 were distressed properties (foreclosures/short sales) representing just 11% of the closed sales for the month. As of the end of November, distressed properties accounted for 25% of the active listing inventory. There were 5 closed sales...Read the rest of this entry »

The Lake Oswego real estate market finished November with 53 closed sales, which is between the 46 and 61 closed sales recorded during October and September respectively. Of the 53 closed sales in November, 11 were distressed properties (foreclosures/short sales) representing 21% of the closed sales for the month. As of the end of November, distressed properties accounted for 22% of the active listing inventory. There were 14 closed sales of homes valued at...Read the rest of this entry »

The Hillsboro real estate market finished November with 92 closed sales, which is up considerably from the 73 & 77 closed sales recorded in October and September respectively. Of the 92 closed sales in November, 43 were distressed properties (foreclosures/short sales) representing almost 47% of the closed sales for the month. As of the end of November, distressed properties accounted for 41% of the active listing inventory. There was 1 closed sale 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 the month ending October 2011. There is always a two-month lag time for the data in this report. The index for the Portland Oregon metro area was measured to be 135.4 at the end of October, which means that the average price for a home in this area is up 35.4% from the...Read the rest of this entry »

The Beaverton real estate market finished November with 167 closed sales, which is equal to the number of closed sales recorded during October. Of the 167 closed sales in November, 49 were distressed properties (foreclosures/short sales) representing 29% of the closed sales for the month. As of the end of November, distressed properties accounted for 45% of the active listing inventory. There were 4 closed sales of homes valued at $500K or more...Read the rest of this entry »