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 ~ August Numbers 2018

Activity continues to be mixed in the Portland area.  A lot of it is seasonal/happens every year. Some looks like a slight cooling trend.

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

  • According to the RMLS Market Action Report for the Portland Metro Area, August, 2018:
    • There were 4,214 New Listings in August 2018 which was up 4.1% from August of 2017’s 4,048, and down 2.3% from the previous month/July of 2018’s total of 4,312 .
    • At 2,967, August Closed Sales fell  2.2% from August 2017’s 3,034, and/but were up 8.4 % from the previous month/July 2018’s total of 2,736.
    • August’s Pending Sales (accepted offers), at 2,760 were cooler at 10.2% down from August of 2017’s 3,072, and 10.1% down as well from the previous month/July 2018’s total of  3,071.
    • The Average Sale Price in August of $462,400 was up $26,700 from August 2017’s $436,400, and also up from the previous month/July 2018’s $455,100 by $7,300.   

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

  • North Portland:  $403,000              4.6%   (July 415,900)
  • NE Portland:  $468,800                   4.1%   (July 467,400  )
  • SE Portland:  $427,500                   7.3%   (July 425,400)
  • Gresham/Troutdale:   $360,000   10.5%   (July 361,500)
  • Milwaukie/Clackamas:  $444,000  5.2%   (July 427,400  )
  • Oregon City/Canby:   $436,000      7.7%   (July 439,400)
  • Lake Oswego/West Linn:$745,100 5.1%   (July 689,700)
  • West Portland:    $646,200             3.6%   (July 591,000)
  • NW Wash County:  $557,900          4.4%   (July 552,500)
  • Beaverton/Aloha:     $406,600        8.0%   (July 383,600 )
  • Tigard/Wilsonville:   $466,100        8.1%   (July 452,700  )
  • Hillsboro/Forest Grove: $386,900  7.5%   (July 403,100)

LAKE OSWEGO:

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

    •  510 Active Listings   (July 498)
    •  251 New Listings     (July 269)
    •  150 Pending Sales  (July 164)
    •  156 Closed Sales      (July 153)
    • Average Sale Price for August: $745,100  (July 689,700)
      • 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.
    •  58 Average Days on the Market   (July 53)

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