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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 September 2012

The Gresham real estate market finished July with 67 closed sales, which is between the 63 & 79 closed sales for the prior months of June and May respectively. Of the 67 closed sales in July, 28 were distressed properties (foreclosures/short sales) representing 42% of the closed sales for the month. As of the end of July, distressed properties accounted for 38% of the active listing inventory. There were no closed sales of homes valued over $500K during July and only one sale over the three month period of May – July. 

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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