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 ~ May 2019 Numbers

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

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

  • There were 4,902  New Listings in May 2019 which was up 5.1%  from May of 2018’s 4,665, and a whopping 16.4% increase over the previous month/April’s 4,210.  (***Strongest May since 2008 which was 5,182.)
  • At 2,969 May 2019’s Closed Sales were up 5.9% from May 2018’s 2,803, and again, a whopping 23.2% increase over the previous month/April 2019’s total of 2,409. (***Strongest May since 2006 which was 3,054.)
  • May 2019’s Pending Sales (accepted offers), at 3,292 were up 2.8% from May of 2018’s 3,201, and also up 6.1% from the previous month/April 2019’s total of  3,102.
  • The Average Sale Price in May 2019 of $471,200 rose $10,500 from last year/May 2018’s $460,700, and was up $19,100 from the previous month/April 2019’s $452,100.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in May 2019 of $420,000 was up from last year/May 2018’s $409,000 by $11,000, and up $15,000.00, from the previous month/April 2019’s $405,000 .   

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

  • North Portland:  $426,300              1.6%   (Apr 421,300 )
    •                                                     YTD Median: $405,000
  • NE Portland:  $534,500                   0.7%   (Apr 446,800  )
    •                                                     YTD Median: $406,500
  • SE Portland:  $433,500                   4.2%   (Apr 422,100)
    •                                                     YTD Median: $373,500
  • Gresham/Troutdale:   $368,200     5.4%   (Apr 390,300)
    •                                                     YTD Median: $353,500
  • Milwaukie/Clackamas:  $444,600  2.6%   (Apr 452,900)
    •                                                     YTD Median: $409,000
  • Oregon City/Canby:   $435,700      6.3%   (Apr 432,800)
    •                                                     YTD Median: $405,000
  • Lake Oswego/West Linn:$695,600 0.9%   (Apr 654,900)
    •                                                      YTD Median: $580,000
  • West Portland:    $637,800             2.3%   (Apr 578,000)
    •                                                     YTD Median: $525,000
  • NW Wash County:  $536,900         -0.4%   (Apr 538,500)
    •                                                      YTD Median: $510,100
  • Beaverton/Aloha:     $414,200       7.5%   (Apr 393,000)
    •                                                     YTD Median: $389,000
  • Tigard/Wilsonville:   $472,100        3.0%   (Apr 467,500)
    •                                                      YTD Median: $435,000
  • Hillsboro/Forest Grove: $423,400  4.2%   (Apr 395,200)
    •                                                      YTD Median: $379,900

LAKE OSWEGO:

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

    •  450 Active Listings  (Apr 385)
    •  318 New Listings     (Apr 285)
    •  187 Pending Sales   (Apr 162)
    •  161 Closed Sales      (Apr 131)
    • Average Sale Price for May: $695,600  (Apr $654,900)
      • 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.
    •  64 Average Days on the Market   (Apr 62)

 

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