A Guide to Lake Oswego Real Estate and Community
Dianne and Linda

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

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News & Notes ~ January 2018

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

  • According to the RMLS Market Action Report for the Portland Metro Area, January, 2018:
    • There were 2,486 New Listings in Jan 2018 which was up 12.4% from Jan of 2017’s 2,212, and UP a whopping 53.7% from Dec of 2017’s total of 1,617.
    • At 1,628, Jan Closed Sales were down 11.9% from Jan 2017’s 1,847, and 30.7% from the previous month/Dec 2017’s total of  2,350. (***In contrast to all those people working to get “Closed” before year-end)
    • January’s Pending Sales (accepted offers), at 2,311 topped Jan of 2017’s 1,990 by 16.1% , and also increased 31.5% from the previous month/Dec 2017’s total of 1,757 (***It was actually the strongest January for Pending sales since January 2007’s 2,544)
    • The Average Sale Price in January of $436,400 was up $26,500 from January 2017’s $409,900, and also up from December 2017’s a whopping $421,700 by $14,700.   (***What a difference the turning of a year makes!)

Neighborhoods: January’s Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $435,300              7.2%   (Dec 400,500)
  • NE Portland:  $445,800                   7.5%   (Dec 430,000)
  • SE Portland:  $380,900                   8.7%   (Dec 382,200)
  • Gresham/Troutdale:   $351,600   10.9%   (Dec 329,600)
  • Milwaukie/Clackamas:  $424,800  9.3%   (Dec 411,500)
  • Oregon City/Canby:   $408,600      7.3%   (Dec 402,100)
  • Lake Oswego/West Linn:$631,600 5.4%   (Dec 662,700)
  • West Portland:    $609,300             3.2%   (Dec 612,700)
  • NW Wash County:  $538,300          7.9%   (Dec 534,400)
  • Beaverton/Aloha:     $367,600        8.5%   (Dec 363,200)
  • Tigard/Wilsonville:   $428,400        7.2%   (Dec 435,700)
  • Hillsboro/Forest Grove: $390,300 10.4%   (Dec 366,800)

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for the month of January 2018 reported:

    •  281 Active Listings   (Dec 288)
    •  146 New Listings     (Dec 80)
    •  101 Pending Sales     (Dec 92)
    •   93 Closed Sales      (Dec 98)
    • Average Sale Price for Dec: $631,600  (Dec 662,700)
      • 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.
    • 93 Average Days on the Market   (Dec 73)

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