West Linn Oregon Real Estate Snapshot January 2014

West Linn Oregon Real Estate Snapshot January 2014

If you're looking to buy or sell a home in West Linn, OR as of today (January 18) there are currently only 114 active listings to choose from with most of them falling above the $500k price range. This report is for detached homes only.

H   How do they break down? According to the Regional Multiple Listing Service (RMLS) market trends:

       Average Sales Price: $430,730                      

·         Median Sales Price: $397,500      

·         Average days on the market: 92                   

·         Inventory/Absorption Rate: 3.1 months

  Active homes for sale: 114 Active Listings

·         Up to $300K = 13 homes

·         $300K-500K= 17 homes

·         $500K -700K= 42 homes

·         $700 and Up= 41 homes

·         Bumpable: (buyer has contingency) 1 Home

Pending Sales: 47 Homes Pending Sale

·         Up to $300K= 12 homes

·         $300K to 500K= 17 homes

·         $500K-700K= 10 Homes

·         $700K and Up=8 Homes

Sold Homes (going back one month): 21 Homes Sold

·         Up to $300K= 4

·         $300K-$500K= 8

·         $500K -$700K= 8

·         &700K and Up= 1

Compared to the entire Portland Metro area which has a current inventory of 3.2 months (December 2013), West Linn is just below that at 3.1 months. What does this mean? In a neutral real estate market the inventory or absorption rate is 5-6 months. Anything over this is a buyer's market and anything under this is considered a seller's market. According to these statistics West Linn ..as well as the Portland Metro area is considered to be in a seller's market.

If you are ready to sell your West Linn home, I'd love to meet with you for a FREE comparable market analysis (CMA) of your home. Even though it may be considered a seller's market, the majority of  homes for sale are in a higher price range so might not move as quickly as those priced under $400K Are you ready to buy a home in West Linn? Working with an agent that knows and understands the West Linn real estate market well and will be your advocate is key!

Whether Buying or Selling a home in West Linn (or perhaps both), I'd love to be your go to agent. Contact me today to see how I can help you!

Homes For Sale In West Linn Oregon