Aug. 20, 2011

Portland Real Estate – Market Report for the Week of August 15th 2011

An Updated Report on Portland Real Estate for Single Family Detached Homes for Sale from the week of August 15, 2011

The median list price in Portland, OR this last week is holding at$287,200.  The asking price stays put at $146 per square foot.  48% of listings had a price decrease.  The average DOM (Days On Market) was down to 151 days with 11% of listings reset their DOM by re-listing.

Median home specs are as follows; 2144 sq foot home with 3 beds, 2 baths on just under 6500 sq ft lot.
207 new single family detached homes for sale in the Portland real estate market this week with 197 homes  being absorbed.  This brings the active listings to a  total of 3287.

The most expensive 25% of listings have a median home price of $599,900.  The median specs for these homes are 34 years old with 3382 sq ft, 4 bedroom and 3 baths on just under 10000 sq ft lot.  There are 34 new listings  with only 32 being absorbed in this range of Portland real estate bringing the total at 822.  The Portland homes for sale in this range have an average days on market(DOM)  of 153 days.

While the lease expensive 25% of  listings have a median price of $149,800 and have an average DOM of 171.  This range of Portland homes for sale are on average of 57 years old on just under 6500 sq ft lot, 1222 sq foot homes with 3 beds and 1 bath.  74 new listings came up with 50 being absorbed bringing the total to 823 in this range.

Data from Ticor Title - Lake Oswego.

 

 

Rich Peralta is a real estate professional in the Portland Metro Area, including Lake Oswego, Tualatin and  West Linn Real Estate.

He can be reached at 503.961.2181 or by e-mail at rich.peralta@exprealty.com

Contact him  for more information on Portland,  Lake Oswego or West Linn Real Estate!

Originally posted on West Linn Real Estate.

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