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 ~ Nov 2018 Numbers

The holidays are all around us now!

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

 

According to the RMLS Market Action Report for the Portland Metro Area, November, 2018:

  • There were 2,310 New Listings in November 2018 which was down 4.4% from November of 2017’s 2,416, and also down 25.5% from the previous month/Oct of 2018’s total of 3,100 .
  • At 2,144, November Closed Sales cooled  10.2% from November 2017’s 2,387, and also 12.1 % from the previous month/Oct 2018’s total of 2,440.
  • November’s Pending Sales (accepted offers), at 1,904 are down 19.7% down from November of 2017’s 2,371, and 23.3% from the previous month/Oct 2018’s total of  2,484.
  • The Average Sale Price in November of $448,900 was up $23,900 from last year/November 2017’s $425,000, and down a little from the previous month/Oct 2018’s $454,400 by $5,500.   

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

  • North Portland:  $412,500              4.6%   (Oct 428,700)
  • NE Portland:  $453,100                   3.7%   (Oct 463,100)
  • SE Portland:  $425,200                   5.3%   (Oct 395,200)
  • Gresham/Troutdale:   $361,600     8.1%   (Oct 359,700)
  • Milwaukie/Clackamas:  $443,400  5.1%   (Oct 410,200)
  • Oregon City/Canby:   $427,200      6.9%   (Oct 408,600 )
  • Lake Oswego/West Linn:$728,500 1.4%   (Oct 714,500)
  • West Portland:    $601,000             4.3%   (Oct 646,200)
  • NW Wash County:  $511,700          2.9%   (Oct 588,300)
  • Beaverton/Aloha:     $397,200       8.0%   (Oct 398,000 )
  • Tigard/Wilsonville:   $482,000       6.6%   (Oct 454,400 )
  • Hillsboro/Forest Grove: $381,300  6.3%   (Oct 400,500 )

LAKE OSWEGO:

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

    •  390 Active Listings   (Oct 454 )
    •  115 New Listings     (Oct 153)
    •   91 Pending Sales  (Oct 101)
    •   75 Closed Sales      (Oct 121)
    • Average Sale Price for November: $728,500  (Oct 714,500)
      • 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.
    •  76 Average Days on the Market   (Oct 61)

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