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.

Contact: Dianne | Linda

Subscribe by EMail

Enter your email address:



Brought to you by:

News & Notes ~ August 2018

Inventory is higher & prices have evened out a bit. Sounds like a good time to buy!  Its said that when the inventory gets to around 4.0 months, it becomes a balanced market. We’re not *quite* there, yet, but it is a leveling-out market now for sure, and fall is always a great time to buy anyway ; )

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

  • According to the RMLS Market Action Report for the Portland Metro Area, September, 2018:
    • There were 3,606 New Listings in September 2018 which was down slightly at  1.0% from September of 2017’s 3,644, and also down 14.4% from the previous month/August of 2018’s total of 4,214 .
    • At 2,272, September Closed Sales fell  14.6% from September 2017’s 2,660, and is also down 23.4 % from the previous month/August 2018’s total of 2,967.
    • September’s Pending Sales (accepted offers), at 2,471 were cooler at 9.5% down from Sept of 2017’s 2,730, and 10.5% down as well from the previous month/August 2018’s total of  2,760.
    • The Average Sale Price in September of $447,800 was up $21,100 from September 2017’s $426,700, and down from the previous month/August 2018’s $462,400 by $14,600.   

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

  • North Portland:  $416,300              5.7%   (Aug 403,000)
  • NE Portland:  $433,700                   3.8%   (Aug 468,800)
  • SE Portland:  $420,200                   6.9%   (Aug 427,500)
  • Gresham/Troutdale:   $352,200     9.5%   (Aug 360,000)
  • Milwaukie/Clackamas:  $437,400  5.0%   (Aug 444,000)
  • Oregon City/Canby:   $404,300      6.5%   (Aug 436,000)
  • Lake Oswego/West Linn:$627,000 3.4%   (Aug 745,100)
  • West Portland:    $631,700             3.4%   (Aug 646,200)
  • NW Wash County:  $486,200          3.8%   (Aug 557,900)
  • Beaverton/Aloha:     $402,800       7.7%   (Aug 406,600)
  • Tigard/Wilsonville:   $466,900       7.9%   (Aug 466,100)
  • Hillsboro/Forest Grove: $393,200  6.7%   (Aug 386,900)

LAKE OSWEGO:

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

    •  507 Active Listings   (Aug 510)
    •  183 New Listings     (Aug 251)
    •  122 Pending Sales  (Aug 150)
    •  141 Closed Sales      (Aug 156)
    • Average Sale Price for September: $627,000  (Aug 745,100)
      • 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.
    •  61 Average Days on the Market   (Aug 58)

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>