Gresham, Oregon 97080 & 97030 Zip Codes - 12 Month Market Trends & Stats 12/1/2009-11/30/2010

By
Managing Real Estate Broker with Alta Realty Company, LLC RB 21961

I know these statistics can be a bit "dry" reading, but there really is a wealth of information here for the savy investor and armchair market quarterback. Sit back, read & enjoy! ;>)

Best Regards,

Donn Rasch
Broker, CDPE
RE/MAX equity group, inc.
Clackamas, Oregon
503-658-5000

Gresham, Oregon 97080 & 97030 Zip Codes -  12 Month Market Trends & Stats 12/1/2009-11/30/2010

Detached Single Family Homes
There were 552 detached residential homes sold in the last 12 months.
The average sales price was $227,662.
The average days on market was 127.

196 sold with conventional financing.
227 sold with FHA financing.
84 sold for cash.
36 sold with VA financing.
4 sold on contract.
3 sold were other.
1 sold lease option.
1 sold USDA

170 of the homes sold were bank owned.
60 of the homes sold were short sales.
Total distressed home sales were 41.67% of the detached home market in the last 12 months.

There are currently 408 detached residential homes listed for sale.
Based on last months sales there is approximately 8.9 months of inventory.

Attached / Condo Homes
There were 93 attached / condo residential homes sold in the last 12 months.
The average sales price was $130,359.
The average days on market was 151.

26 sold with conventional financing.
34 sold with FHA financing.
29 sold for cash.
3 sold with VA financing
1 sold on contract

34 of the homes sold were bank owned.
10 of the homes sold were short sales.
Total distressed home sales were 47.31% of the attached / condo home market in the last 12 months.

There are currently 94 attached / condo residential homes listed for sale.
Based on last months sales there is approximately 13.4 months of inventory.

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