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 ~ April 2018

Greetings to our Property Blotter readers!  The market is in full swing~

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, April, 2018:
    • There were 3,990 New Listings in April 2018 which was up 6.1% from April of 2017’s 3,759, and up 9.4% from the previous month/March of 2018’s total of 3,648.
    • At 2,523, April Closed Sales were up 13.7% from April 2017’s 3,088, and up 6.4% from the previous month/March 2018’s total of 2,371.
    • April’s Pending Sales (accepted offers), at 3,008 dropped 2.6% from April of 2017’s 3,043, but were up 3.9% from the previous month/March 2018’s total of 2,894
    • The Average Sale Price in April of $452,000 was up $23,200 from April 2017’s $428,800, and also up from March 2018’s $445,900 by $6,100.   

Neighborhoods: April’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $428,500              6.0%   (Mar 438,700)
  • NE Portland:  $491,000                   7.6%   (Mar 478,900)
  • SE Portland:  $422,400                   7.7%   (Mar 418,600)
  • Gresham/Troutdale:   $348,400   11.6%   (Mar 356,400)
  • Milwaukie/Clackamas:  $430,200  8.7%   (Mar 423,400)
  • Oregon City/Canby:   $419,300      6.5%   (Mar 396,500)
  • Lake Oswego/West Linn:$630,500 6.6%   (Mar 631,100)
  • West Portland:    $598,800             2.3%   (Mar 597,200)
  • NW Wash County:  $525,700          6.1%   (Mar 550,200)
  • Beaverton/Aloha:     $394,600        9.0%   (Mar 386,000)
  • Tigard/Wilsonville:   $491,900        8.4%   (Mar 456,700)
  • Hillsboro/Forest Grove: $389,700  9.2%   (Mar 403,800)

LAKE OSWEGO:

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

    •  341 Active Listings   (Mar 306)
    •  261 New Listings     (Mar 225)
    •  192 Pending Sales  (Mar 188)
    •  154 Closed Sales      (Mar 117)
    • Average Sale Price for April: $630,500  (Mar 631,100)
      • 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.
    •  63 Average Days on the Market   (Mar 82)

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