The West Linn real estate market finished August with 64 closed sales which is between the 66 & 54 closed sales in the prior months of June and July respectively. Of the 64 closed sales in August, 1 was a distressed property (foreclosures/short sales) representing 1.6% of the closed sales for the month. As of today, distressed properties accounted for 0.5% of the active listing inventory. There were 33 closed sales of homes valued over $500K during August and a total of 105 over the three month period of June–August.

The inventory level is lowest in the up to $250K price bracket at 1.0 months and overall it is at 2.9 months worth across all price brackets based solely on the August Closed Sales Rate. Looking back over the last three months average closed sales rate, the inventory level increases slightly to 3.0 months worth across all price brackets.

The average sold price in August was $620K which is down $1K from the prior month of July. Meanwhile, the median sold price in August decreased to $511K, down from $590K the month prior. The average price of the active listings was $974K while the median price was $682K as of today.

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