Traditional Sale, 6, 52 Days on Market
REO - last sale was in June 1 sale, 153 Days of Market
Short Sale - None since 12/2010
Traditional Sale, 10 Sales, 130 Days on Market
REO - 2 sales, 101 Days on Market
Short Sale - 1 sale, 126 Days on Market.
If you want to consider the entire Portland Tri-county Area, Days on Market
Traditional Sales - 129
REO - 72
Short Sale 173
Traditional - 96
REO - 64
Short Sale 197
I'd be happy to help you with other figures, but I think you see that one zip code doesn't produce meaningful results.
Just yell if you need anything further and have a great evening!
Kelly Gebler, Principal Broker
Cornerstone Group NW @ Keller Williams Realty
Statistics can be skewed in many different directions. Using it to determine price or marketability for a flip are two completely different scenarios.
Are you looking to buy something, rent something, lease option something or sell something. All of these will look at this information differently.
As a lender, and former agent of 12 years, I think there are more questions to delve into.
Financing can drive days on market as well as short sale activity as well as how many competing properties on the market exist.
Hope this is helpful info.
PS. I saw Kelly Gebler from Keller Williams was one of the agents that chimed in - if you are going to buy or sell, I would definately interview her at least to get her take on the situation - she is a rockstar!
Chuck Simpson Broker
Realtors can provide you this info as we have access to local MLS company called RMLS. To get the actual picture of the market in your desired zipcode you should contact a Realtor who can provide you the data of current market as well as the past for a good comparison. Let me know and I will be happy to help you in understanding the market for 97210.