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, November, 2017:
- There were 2,416 New Listings in Nov 2017 which was up 16.8% from Nov of 2016’s 2,080, and down 19% from Oct of 2017’s total of 2,981.
- At 2,387, Nov Closed Sales were down 1.9% from Nov 2016’s 2,434, and 6.9% from the previous month/Oct 2017’s total of 2,565.
- November’s Pending Sales (accepted offers), at 2,371 increased 4.6% from Nov of 2016’s 2,266, and decreased 12.3% from the previous month/Oct 2017’s total of 2,705.
- The Average Sale Price in November of $425,000 was up $28,000 from November 2016’s $397,000, and down from October 2017’s $438,500 by $13,500.
November Average Sale Price + Appreciation (last 12 months):
- North Portland: $401,600 5.8%
- NE Portland: $439,100 8.3%
- SE Portland: $403,500 8.3%
- Gresham/Troutdale: $349,900 11.1%
- Milwaukie/Clackamas: $406,000 9.0%
- Oregon City/Canby: $377,800 7.7%
- Lake Oswego/West Linn:$708,000 9.4%
- West Portland: $576,100 4.3%
- NW Washington County:$501,200 8.4%
- Beaverton/Aloha: $349,300 9.6%
- Tigard/Wilsonville: $453,000 6.9%
- Hillsboro/Forest Grove: $364,600 11.4%
LAKE OSWEGO:
The combined areas of Lake Oswego and West Linn for the month of November 2017 reported:
-
- 376 Active Listings
- 124 New Listings
- 111 Pending Sales
- 108 Closed Sales
- Average Sale Price for Nov: $708,000
- 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.
- 85 Average Days on the Market