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Steve Thoele's Blog

By Steve Thoele | Broker in Lake Oswego, OR

Monthly update on the NW Portland Oregon real estate market for May 2011

The NW Portland real estate market (which is comprised of the zip codes 97210, 97229 & 97231) finished April with 87 closed sales, which is between the 120 and 59 closed sales recorded during the months of March and February respectively.  Of the 87 closed sales in April, 13 were distressed properties (foreclosures/short sales) representing 15% of the closed sales for the month.  As of the end of April, distressed properties accounted for 16% of the active listings.  There were 25 closed sales of homes valued at $500K or more during April and a total of 66 over the three month period of February – April.

Click here to see the remainer of this update and an accompanying chart in my blog post on our website.  I welcome your questions or comments!

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

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