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Spring 2012 Market Update
The market action index for West Linn has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing. (source: Fidelity Nat’l Title) Now is an exceptional time to buy a home in West Linn and even to list your home. Low interest rates certainly makes a home purchase a great value! Call now for more information at 503-351-0725.
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| Average Home Price | $425,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $400,000 - $449,000 |
| Worst Selling Price Range | $800,000 - $849,000 |
| Prices As % of Asking Price | 85-90% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in West Linn is | Increasing |
| Seller Activity for the past 90 days in West Linn is? | Increasing |
| Multiple Offers? | No |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 15-20% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Absolutely! |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | While the supply of homes is still favorable, the market action index has been trending down lately, indicating demand falling along with the supply. Conditions point to mildly negative trends for the market. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Award-winning and sought-after schools. Lower prices with good selection and competitive interest rates creates a perfect time to buy in West Linn! |
| Nearest Metro Area | Portland |
| Housing Hot Spots | Many communities within the Clackamas and Washington County areas are considered ’Housing Hotspots’, as well as the inner SE and SW. |
| Average Sold Price | $425,000 - View Graph Trend |
West Linn Local News
News for West Linn, OR - December 13th, 2011 1:23am
The Market Action Index has been trending lower for several weeks
while prices have remained relatively stable. If inventory continues
to grow relative to demand however, it is likely that we will see
downward pressure on pricing. Inventory has been decreasing lately but the Market Action Index is
falling also. With days-on-market climbing, these are relatively
negative implications for the market. Average market price is $454,900. (source: Fidelity Nat'l Title)
News for West Linn, OR - December 13th, 2010 3:34pm
The market action index for West Linn has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing. (source: Fidelity Nat'l Title) Now is an exceptional time to buy a home in West Linn and even to list your home. Low interest rates certainly makes a home purchase a great value! Call now for more information at 503-351-0725.
News for West Linn, OR - September 13th, 2010 1:06pm
Demand for homes in West Linn and surrounding communities is increasing and days on market holding steady. With more properties coming available, the conditions are mildly positive. And as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see an upward pressure on pricing. (source: Fidelity Nat'l Title) Now is an exceptional time to buy a home in West Linn and even to list your home. Low interest rates certainly makes a home purchase a great value! Call now for more information at 503-351-0725.
Contact Information
Mollie Anderson Broker
503-351-0725
Request More Information Let me answer your questions!
Ask Me!
Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Mollie Anderson Broker
John L. Scott Cascade Summit
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 503-351-0725
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