April 3, 2011

Portland Real Estate Weekly Market Report

An Updated Report for Single Family Detached Homes in Portland

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.  47% 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; 2011 sq foot home with 3 beds, 2 baths on just under 6500 sq ft lot.
192 new single family detached homes in the Portland real estate market this week.  This brings the active listings to a  total (as of the 28th of March) of 3079.

The most expensive 25% of listings have a median home price of $579,900.  The median specs for these homes are 31 years old with 3309 sq ft, 4 bedroom and 3 baths on just under 6500 sq ft lot.  There are 41 new listings in this range of Portland real estate brining the total at 769.  The Portland homes for sale in this range are on the market for an average of 190 days.

While the lease expensive 25% of  listings have a median price of $139,950 and have an average DOM of 163.  This range of Portland homes for sale are on average of 57years old on just under 6500 sq ft lot, 1200sq foot homes with 3 beds and 1 bath.  51 new listings came up for sale bringing the total to 770 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.


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