News & Notes

October 2012
Here are some Market Notes for You~

You’ve probably heard that market activity all around Portland is picking up, and Dianne and I are certainly experiencing it. Here is some recent data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) activity:

According to the RMLS Market Action Report for the Portland Metro Area October, 2012. “At 2,103, closed sales were 42.7% higher than October 2011 sales of 1,474, and 11% higher than closed sales in Sept. 2012.

  • “This was the best October since 2006 for Pending and Closed sales.”
  • The average sale price year-to-date ($273,400) rose 3.7% over the same period last year,
  • ***AND… Total time on the market has dropped by 21% from 144 to 102 days.

For our Property Blotter readers, the combined area of Lake Oswego and West Linn reported:

  • 604 Active Listings
  • 167 New Listings
  • 120 Pending Sales
  • 135 Closed Sales
  • An average Sale Price of $475,600.
  • Average Time on the Market: 108 Days