The West Linn real estate market finished March with 46 closed sales which is up from the 34 & 37 closed sales in the prior months of January and February respectively. Of the 46 closed sales in March, 4 were distressed properties (foreclosures/short sales) representing 9% of the closed sales for the month. As of the end of March, distressed properties accounted for 6% of the active listing inventory. There were 20 closed sales of homes valued over $500K during March and a total of 54 over the three month period of January – March.

The inventory level is lowest in the up to $250K price bracket at only 0.4 months and overall it is at 2.7 months worth across all price brackets based solely on the March Closed Sales Rate. Looking back over the last three months average closed sales rate, the inventory level increases to 3.2 months worth across all price brackets.

The average sold price in March was $469K which is down $129K from the prior month of February. Meanwhile, the median sold price in March decreased to $476K, down from $530K the month prior. The average price of the active listings was $1,192K as of the end of March while the median price for the active listings was $722K during the same period.

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New real estate listings in West Linn (last 7 days):

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