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Steve Thoele's Blog

By Steve Thoele | Broker in Lake Oswego, OR

Monthly update on the Gresham real estate market for August 2012

The Gresham real estate market finished June with 62 closed sales, which is down from the 79 & 70 closed sales for the prior months of May and April respectively. Of the 62 closed sales in June, 29 were distressed properties (foreclosures/short sales) representing 47% of the closed sales for the month. As of the end of June, distressed properties accounted for 43% of the active listing inventory. There were no closed sales of homes valued over $500K during June and only one sale over the three month period of April – June. 

You can check out the remainder of this market update and an accompanying chart in my latest blog post by clicking here: Gresham Real estate market update.  I welcome your questions or comments!

Steve Thoele, Principal Broker
Keller Williams Realty-Portland Premiere
503-680-2065 (cell)
Portland Oregon Real Estate Blog
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