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Steve Thoele's Blog

By Steve Thoele | Broker in Lake Oswego, OR

Monthly update on the Downtown Portland real estate market for June 2013

The downtown Portland real estate market (which is comprised of the zip codes 97201, 97204, 97205 & 97209) finished May with 91 closed sales, which is up considerably from the 52 & 58 closed sales recorded during the prior months of April and March respectively. Of the 91 closed sales in May, only 4 were distressed properties (foreclosures/short sales) representing just 4% of the closed sales for the month. As of the end of May, distressed properties accounted for only 10% of the active listings. There were 25 closed sales of homes valued at $500K or more during May and a total of 61 over the three month period of March – May.

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

Steve Thoele, Principal Broker
Premiere Property Group, LLC
503-680-2065 (cell)
Portland Oregon Real Estate Blog
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