The NW Portland real estate market (which is comprised of the zip codes 97210, 97229 & 97231) finished April with 142 closed sales, which is between the 88 & 81 closed sales recorded during the prior months of March and February respectively. Of the 142 closed sales in April, only 4 were distressed properties (foreclosures/short sales) representing only 3% of the closed sales for the month. As of the end...Read the rest of this entry »

The city of Portland real estate market finished April with 901 closed sales, which is up considerably from the 813 & 611 closed sales recorded in the prior months of March and February respectively. Of the 901 closed sales in April, 68 were distressed properties (foreclosures/short sales) representing 8% of the closed sales for the month. As of the end of April, distressed properties accounted for 25% of the active...Read the rest of this entry »

Our local multiple listing service (RMLS) released their real estate market statistics for April covering the Portland metro area. Based on the latest data the market continues to remain short on supply with only 3.1 months of inventory which is a down from the 4.7 months reported during last April 2012.  The inventory hasn’t reached this low level since June 2006 when it was 2.6 months.  Continuing over a 22...Read the rest of this entry »

The Canby real estate market finished March with 14 closed sales which is up from the 11& 6 closed sales recorded during the prior months of February and January respectively. Of the 14 closed sales in March, 5 were distressed properties (foreclosures/short sales) representing 36% of the closed sales for the month. As of the end of March, distressed properties accounted for 27% of the active listing inventory. There was...Read the rest of this entry »

The Newberg real estate market finished March with 38 closed sales which is up from the 24 & 17 closed sales recorded during the prior months of February and January respectively. Of the 38 closed sales in March, 10 were distressed properties (foreclosures/short sales) representing 26% of the closed sales for the month. As of the end of March, distressed properties accounted for 24% of the active listing inventory. There...Read the rest of this entry »