The City of West Linn, Oregon is situated on the banks of the Willamette River just south of the City of Portland and Lake Oswego. West Linn was incorporated on August 8, 1913. Most recent population figures show the city with 24,400 residents. The median family income is reported to be $83,252. There are a total of 9,968 housing units reported. Demographic data is from the West Linn Chamber of Commerce. Housing unit data estimated by the West Linn Planning Dept.
As of 4/18/10 there were 339 active, detached residential listings in the city of West Linn, Oregon shown in the Regional Multiple Listing Service.
Asking prices range from $150,000 for a 968 sqft total fixer.
To an incredible $6,850,850 for a 14,000 sqft Mansion with 6.69 acres located on the Willamette River.
The majority of properties are in the $275,000 to $1,000,000 price range.
13 of the listed homes show as being bank owned (REO) foreclosures. 46 of the listed homes show as being short sales, where more is owed on the home than the anticipated market value. These statistics reflect that distressed properties compose approximately 17.4% of the listed market in West Linn, Oregon.
There are currently 31 properties listed with 3 bedrooms and 2 bathrooms ranging from $199,000 to $1,200,000. After removing the top and bottom 3 listings we come up with 25 homes ranging in price from $239,000 to $475,000. With the average list price being $319,272 with an average of 1,854 sqft.
At 5% interest rates and a definite buyer's market mentality it is a great time to negotiate a deal of a lifetime on your "Dream Home". Give me a call today for personal attention and a "get it done" attitude!
Best Regards,
Donn Rasch
Real Estate Broker, CDPE
State Licensed Appraiser
RE/MAX Equity Group, Inc.
503-658-5000
http://equitygroup.com/drasch
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