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 ~ Nov 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, November, 2017:
    • There were 2,416 New Listings in Nov 2017 which was up 16.8% from Nov of 2016’s 2,080, and down 19% from Oct of 2017’s total of 2,981.
    • At 2,387, Nov Closed Sales were down 1.9% from Nov 2016’s 2,434, and 6.9% from the previous month/Oct 2017’s total of  2,565.
    • November’s Pending Sales (accepted offers), at 2,371 increased 4.6% from Nov of 2016’s 2,266, and decreased 12.3% from the previous month/Oct 2017’s total of 2,705.
    • The Average Sale Price in November of $425,000 was up $28,000 from November 2016’s $397,000, and down from October 2017’s $438,500 by $13,500.   

November Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $401,600              5.8%
  • NE Portland:  $439,100                   8.3%
  • SE Portland:  $403,500                   8.3%
  • Gresham/Troutdale:   $349,900   11.1%
  • Milwaukie/Clackamas:  $406,000  9.0%
  • Oregon City/Canby:   $377,800      7.7%
  • Lake Oswego/West Linn:$708,000 9.4%
  • West Portland:    $576,100             4.3%
  • NW Washington County:$501,200  8.4%
  • Beaverton/Aloha:     $349,300        9.6%
  • Tigard/Wilsonville:   $453,000        6.9%
  • Hillsboro/Forest Grove: $364,600 11.4%

LAKE OSWEGO:

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

    •  376 Active Listings   
    •  124 New Listings     
    •  111  Pending Sales   
    •  108 Closed Sales  
    • Average Sale Price for Nov: $708,000  
      • 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.
    • 85  Average Days on the Market

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