Activity continues to be mixed in the Portland area. A lot of it is seasonal/happens every year. Some looks like a slight cooling trend.
Here is your look at the most recent data for the entire Portland area (August) and how Lake Oswego fits in to this picture just below:
- According to the RMLS Market Action Report for the Portland Metro Area, August, 2018:
- There were 4,214 New Listings in August 2018 which was up 4.1% from August of 2017’s 4,048, and down 2.3% from the previous month/July of 2018’s total of 4,312 .
- At 2,967, August Closed Sales fell 2.2% from August 2017’s 3,034, and/but were up 8.4 % from the previous month/July 2018’s total of 2,736.
- August’s Pending Sales (accepted offers), at 2,760 were cooler at 10.2% down from August of 2017’s 3,072, and 10.1% down as well from the previous month/July 2018’s total of 3,071.
- The Average Sale Price in August of $462,400 was up $26,700 from August 2017’s $436,400, and also up from the previous month/July 2018’s $455,100 by $7,300.
Neighborhoods: August’s Average Sale Price + 12-month Appreciation :
- North Portland: $403,000 4.6% (July 415,900)
- NE Portland: $468,800 4.1% (July 467,400 )
- SE Portland: $427,500 7.3% (July 425,400)
- Gresham/Troutdale: $360,000 10.5% (July 361,500)
- Milwaukie/Clackamas: $444,000 5.2% (July 427,400 )
- Oregon City/Canby: $436,000 7.7% (July 439,400)
- Lake Oswego/West Linn:$745,100 5.1% (July 689,700)
- West Portland: $646,200 3.6% (July 591,000)
- NW Wash County: $557,900 4.4% (July 552,500)
- Beaverton/Aloha: $406,600 8.0% (July 383,600 )
- Tigard/Wilsonville: $466,100 8.1% (July 452,700 )
- Hillsboro/Forest Grove: $386,900 7.5% (July 403,100)
LAKE OSWEGO:
The combined areas of Lake Oswego and West Linn for the month of August 2018 reported:
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- 510 Active Listings (July 498)
- 251 New Listings (July 269)
- 150 Pending Sales (July 164)
- 156 Closed Sales (July 153)
- Average Sale Price for August: $745,100 (July 689,700)
- 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.
- 58 Average Days on the Market (July 53)