Here is your look at the most recent data for the entire Portland area and how Lake Oswego fits in to this picture below:
- According to the RMLS Market Action Report for the Portland Metro Area, April, 2017:
- There were 3,579 New Listings in April 2017 which was down 7.9% from April of 2016’s 4,082, but UP 4.3% from March of 2017’s total of 3,604.
- At 2,219, April Closed Sales were down 15% from April 2016’s 2,611, and also down 11% over the previous month/March 2017’s total of 2,494.
- April Pending Sales (accepted offers), at 3,088 fell 10% from April of 2016’s 3,432, but were UP 1.5% from the previous month/March 2017’s total of 3,043.
- The Average Sale Price in April of $428,800 was up $31,100 from April 2016’s $397,700, and showed hardly any change from March 2017’s $428,400.
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April Average Sale Price + Appreciation (last 12 months):
- North Portland: $410,000 11.6%
- NE Portland: $455,700 10.7%
- SE Portland: $404,000 11.0%
- Gresham/Troutdale: $324,700 12.5%
- Milwaukie/Clackamas: $415,600 10.7%
- Oregon City/Canby: $398,400 8.6%
- Lake Oswego/West Linn: $623,300 9.6%
- West Portland: $598,400 14.0%
- NW Washington County: $549,400 10.6%
- Beaverton/Aloha: $360,900 10.9%
- Tigard/Wilsonville: 429,420 7.1%
- Hillsboro/Forest Grove: $384,200 13.3%
The combined areas of Lake Oswego and West Linn for the month of April 2017 reported:
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- 252 New Listings
- 185Pending Sales
- 112 Closed Sales
- Average Sale Price for April: $623,300
- 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.
- Average Time on the Market: 68 Days
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