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 ~ March 2019 Numbers

Here is your look at the most recent data for the entire Portland area (March 2019) and how Lake Oswego fits in to this picture just below.

According to the RMLS Market Action Report for the Portland Metro Area, March, 2019:

  • There were 3,504  New Listings in March 2019 which was down 3.9%  from March of 2018’s 3,648, and up substantially at 43.4% from the previous month/February’s 2,444.
  • At 2,183 March 2019’s Closed Sales cooled  7.9% from March 2018’s 2,371, BUT, were up quite a bit at 26.5 % from the previous month/Feb 2019’s total of 1,726.
  • March 2019’s Pending Sales (accepted offers), at 2,738 were down 5.4% down from March of 2018’s 2,894, but were ahead a whopping 24.0% from the previous month/Feb 2019’s total of  2,208.
  • The Average Sale Price in March 2019 of $447,900 was up $2,000 from last year/March 2018’s $445,900, and up from the previous month/Feb 2019’s $441,100 by nearly $7,000.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in March 2019 of $399,000 was up $4,000.00 from last year/March 2018’s $395,000, and down slightly/$900.00, from the previous month/Feb 2019’s $399,900.   

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

  • North Portland:  $425,200              2.2%   (Feb 427,800)
    •                                                     YTD Median: $400,000
  • NE Portland:  $451,700                   2.0%   (Feb 462,400)
    •                                                     YTD Median: $400,000
  • SE Portland:  $431,400                   4.4%   (Feb 404,600)
    •                                                     YTD Median: $366,300
  • Gresham/Troutdale:   $374,600     4.8%   (Feb 348,400)
    •                                                     YTD Median: $350,000
  • Milwaukie/Clackamas:  $426,800  2.5%   (Feb 413,800)
    •                                                     YTD Median: $395,000
  • Oregon City/Canby:   $442,400      7.7%   (Feb 424,700 )
    •                                                     YTD Median: $395,000
  • Lake Oswego/West Linn:$651,300 2.2%   (Feb 677,000)
    •                                                      YTD Median: $550,000
  • West Portland:    $571,800             1.8%   (Feb 551,000)
    •                                                     YTD Median: $515,000
  • NW Wash County:  $502,000          0.0%   (Feb 504,300)
    •                                                      YTD Median: $500,000
  • Beaverton/Aloha:     $405,400       8.2%   (Feb 413,800 )
    •                                                     YTD Median: $381,000
  • Tigard/Wilsonville:   $445,300        5.5%   (Feb 469,400 )
    •                                                      YTD Median: $431,300
  • Hillsboro/Forest Grove: $405,000  4.3%   (Feb 379,600 )
    •                                                      YTD Median: $373,000

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of March 2019 reported:

    •  326 Active Listings  (Feb 317 )
    •  195 New Listings     (Feb 156)
    •  149 Pending Sales   (Feb 103)
    •  108 Closed Sales      (Feb 81)
    • Average Sale Price for March: $651,300  (Feb $677,000)
      • 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.
    •  94 Average Days on the Market   (Feb 108)

 

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