A Guide to Lake Oswego Real Estate and Community
Dianne,  Linda & Whitney

Brought to you by Dianne Gregoire, Linda Rossi and Whitney Gregoire, brokers with Oregon First, a professional real estate company licensed with the Oregon Real Estate Agency.

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News & Notes ~ June 2017 Data

Here is your look at the most recent data for the entire Portland area and how Lake Oswego fits in to this picture below:

  • According to the RMLS Market Action Report for the Portland Metro Area, June, 2017:
    • There were 4,739 New Listings in June 2017 which was up 5.3% from June of 2016’s 4,501, and up 8% from May of 2017’s total of 4,388.
    • At 3,187, June Closed Sales were up .9% from June 2016’s 3,158, and also up 10% over the previous month/May 2017’s total of  2,896.
    • June Pending Sales (accepted offers), at 3,254 fell 4% from June of 2016’s 3,390, and 5.3% from the previous month/May 2017’s total of 3,435.
    • The Average Sale Price in June of $440,600 was up $28,600 from June 2016’s $412,000, and showed hardly any change from May 2017’s $440,200.                      
                            June Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $406,400                           8.4%
  • NE Portland:  $462,900                               10.2%
  • SE Portland:  $413,200                               10.2%
  • Gresham/Troutdale:   $342,900                 11.6%
  • Milwaukie/Clackamas:   $440,800             11.1%
  • Oregon City/Canby:   $402,000                   8.0%
  • Lake Oswego/West Linn:    $627,600          6.9%
  • West Portland:    $602,900                         12.1%
  • NW Washington County:    $514,200          11.0%
  • Beaverton/Aloha:     $373,800                   10.4%
  • Tigard/Wilsonville:    443,500                     5.7%
  • Hillsboro/Forest Grove:    $337,700          12.1%

The combined areas of Lake Oswego and West Linn  for the month of June 2017 reported:

    •  453 Active Listings   
    •  300 New Listings     
    •  176 Pending Sales   
    •  186 Closed Sales  
    • Average Sale Price for June: $627,600  
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month.  Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
    • Average Time on the Market: 71 Days   

 

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