April 8, 2011

Portland Real Estate Weekly Market Report - April 4th 2011

An Updated Report for Portland Real Estate for Single Family Detached Homes for Sale from April 4, 2011

The median list price in Portland, OR this last week is holding at$259,900.  The per square foot asking price stays put at $143 per square foot.  48% of listings had a price decrease and 19% reset their DOM (Days On Market) by re-listing.  The average DOM was down to 174 days.

Median home specs are as follows; 2014 sq foot home with 3 beds, 2 baths on just under 6500 sq ft lot.
282 new single family detached homes for sale in the Portland real estate market this week with 147 homes  being absorbed.  This brings the active listings to a  total of 3219.

The most expensive 25% of listings have a median home price of $579,250.  The median specs for these homes are 31 years old with 3294 sq ft, 4 bedroom and 3 baths on just under 6500 sq ft lot.  There are 67 new listings  with only 27 being absorbed in this range of Portland real estate bringing the total at 804.  The Portland homes for sale in this range have an average days on market(DOM)  of 190 days.

While the lease expensive 25% of  listings have a median price of $139,900 and have an average DOM of 165.  This range of Portland homes for sale are on average of 57years old on just under 6500 sq ft lot, 1200 sq foot homes with 3 beds and 1 bath.  56 new listings came up with 38 being absorbed bringing the total to 805 in this range.

Data from Ticor Title - Lake Oswego.

 

Rich Peralta is a real estate professional in the Portland Metro Area,  Lake Oswego 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 Real Estateand Lake Oswego Real Estate!

 

Originally posted on West Linn Real Estate.

 

To view Portland real estate listings, click on the map

 

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