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 ~ June 2019 Numbers

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

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

  • There were 4,281  New Listings in June 2019 which was down 5.2%  from June of 2018’s 4,515, and a whopping 12.7% from the previous month/May’s 4,902.
  • At 2,756 June 2019’s Closed Sales were also down at 6.4% under June 2018’s 2,946, and  7.2% increase over the previous month/May 2019’s total of 2,969.
  • June 2019’s Pending Sales (accepted offers), at 3,083 were up a tiny bit at  0.8% over June of 2018’s 3,059, but down 6.3% from the previous month/May 2019’s total of  3,292.
  • The Average Sale Price in June 2019 of $472,700 rose only slightly at $300.00 over last year/June 2018’s $472,400, and was up just $1,500 from the previous month/May 2019’s $471,200.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in June 2019 of $420,000 was up modestly from last year/June 2018’s $417,900 by $2,100, and exactly the same as the previous month/May 2019’s $420,000 .   

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

  • North Portland:  $417,900              0.2%   (May 405,000)
    •                                                     YTD Median: $405,000
  • NE Portland:  $491,500                   0.0%   (May $534,500)
    •                                                     YTD Median: $429,700
  • SE Portland:  $434,700                   3.4%   (May $433,500)
    •                                                     YTD Median: $375,000
  • Gresham/Troutdale:   $374,900     5.8%   (May $368,200)
    •                                                     YTD Median: $353,500
  • Milwaukie/Clackamas:  $484,200  3.3%   (May $444,600)
    •                                                     YTD Median: $414,000
  • Oregon City/Canby:   $460,900      6.2%   (May $435,700)
    •                                                     YTD Median: $413,000
  • Lake Oswego/West Linn:$702,000 0.2%   (May $695,600)
    •                                                      YTD Median: $580,000
  • West Portland:    $611,000             1.3%   (May $637,800 )
    •                                                     YTD Median: $525,000
  • NW Wash County:  $535,000         -1.9%   (May $536,900 )
    •                                                      YTD Median: $510,000
  • Beaverton/Aloha:     $411,100       5.8%   (May $414,200)
    •                                                     YTD Median: $390,000
  • Tigard/Wilsonville:   $472,800        2.0%   (May $472,100)
    •                                                      YTD Median: $440,000
  • Hillsboro/Forest Grove: $433,200  3.4%   (May $423,400)
    •                                                      YTD Median: $380,000

LAKE OSWEGO:

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

    •  468 Active Listings  (May 450)
    •  230 New Listings     (May 318)
    •  170 Pending Sales   (May 187)
    •  166 Closed Sales      (May 161)
    • Average Sale Price for June: $702,600  (May $695,600)
      • 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.
    •  79 Average Days on the Market   (May 64)

 

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