The West Linn real estate market finished July with 54 closed sales which is down from the 73 & 66 closed sales in the prior months of May and June respectively. Of the 54 closed sales in July, 1 was a distressed property (foreclosures/short sales) representing 2% of the closed sales for the month. As of today, distressed properties accounted for 1% of the active listing inventory. There were 35 closed sales of homes valued over $500K during July and a total of 117 over the three month period of May–July.

The inventory level is lowest in the up to $250K price bracket at 2.3 months and overall it is at 3.6 months worth across all price brackets based solely on the July Closed Sales Rate. Looking back over the last three months average closed sales rate, the inventory level decreases to 3.0 months worth across all price brackets.

The average sold price in July was $621K which is up $76K from the prior month of June. Meanwhile, the median sold price in July increased to $590K, up from $532K the month prior. The average price of the active listings was $993K while the median price was $699K as of today.

.

.

Ask Question/Request Info:

.