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, September, 2017:
- There were 3,644 New Listings in Sept 2017 which was down .08% from Sept of 2016’s 3,673, and down 10% from August of 2017’s total of 4,048.
- At 2,660, Sept Closed Sales were down 5.8% from Sept 2016’s 2,823, and 12.3% from the previous month/August 2017’s total of 3,034.
- September’s Pending Sales (accepted offers), at 2,730 dropped 4.4% from Sept of 2016’s 2,857, and 11.1% from the previous month/August 2017’s total of 3,072.
- The Average Sale Price in September of $426,700 was up $34,500 from September 2016’s $392,200, and down from August 2017’s $436,400 by $9,700. (***This is typical seasonal adjustment. This year we’ve seen roughly $10,000 drops in Average Sale Price per month in August and Sept.)
August Average Sale Price + Appreciation (last 12 months):
- North Portland: $374,900 7% (Aug $436,400)
- NE Portland: $447,100 9.6% (Aug $460,100)
- SE Portland: $400,900 8.7% (Aug $391,200)
- Gresham/Troutdale: $341,800 10.5% (Aug $333,300)
- Milwaukie/Clackamas: $418,500 10.4% (Aug $420,300)
- Oregon City/Canby: $416,900 8.9% (Aug $394,800)
- Lake Oswego/West Linn:$678,200 8.2%(Aug $713,800)
- West Portland: $572,100 6.9% (Aug $567,100)
- NW Washington County:$501,200 9.9%(Aug $526,500)
- Beaverton/Aloha: $369,200 9.7% (Aug $376,800)
- Tigard/Wilsonville: $434,600 6.3% (Aug $439,300)
- Hillsboro/Forest Grove: $385,400 12.1% (Aug $382,800)
The combined areas of Lake Oswego and West Linn for the month of August 2017 reported:
-
- 469 Active Listings
- 199 New Listings
- 87 Pending Sales
- 126 Closed Sales
- Average Sale Price for Sept: $678,200
- 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: 54 Days