News & Notes ~ July 2017 Data

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, July, 2017:
- There were 4,202 New Listings in July 2017 which was down 3.9% from July of 2016’s 4,372, and down 11.3% from June of 2017’s total of 4,739.
- At 2,793, July Closed Sales were up .6% from July 2016’s 2,776, and down 12.4% from the previous month/June 2017’s total of 3,187.
- July Pending Sales (accepted offers), at 3,040 dropped 7.9% from July of 2016’s 3,302, and 6.6% from the previous month/June 2017’s total of 3,254.
- The Average Sale Price in July of $447,400 was up $40,300 from July 2016’s $407,100, and up from June 2017’s $440,600 by $6,800.

July Average Sale Price + Appreciation (last 12 months):

North Portland: $401,100 8.9% (June $406,400)
NE Portland: $497,000 11.0% (June $462,900)
SE Portland: $404,100 9.7% (June $413,200)
Gresham/Troutdale: $327,600 10.4% (June $342,900)
Milwaukie/Clackamas: $423,100 12.1%(June $440,800)
Oregon City/Canby: $392,800 8.2% (June $402,000)
Lake Oswego/West Linn: $741,100 7.8%(June $627,600)
West Portland: $610,900 10.3% (June $602,900)
NW Washington County:$536,000 10.8%(June $514,200)
Beaverton/Aloha: $380,900 10.5% (June $373,800)
Tigard/Wilsonville: $440,700 5.5% (June $443,500)
Hillsboro/Forest Grove: $385,100 12.6% (June $337,700)

The combined areas of Lake Oswego and West Linn for the month of July 2017 reported: