Here is your look at the most recent data for the entire Portland area and how Lake Oswego fits in to this picture just below:
- According to the RMLS Market Action Report for the Portland Metro Area, January, 2018:
- There were 2,486 New Listings in Jan 2018 which was up 12.4% from Jan of 2017’s 2,212, and UP a whopping 53.7% from Dec of 2017’s total of 1,617.
- At 1,628, Jan Closed Sales were down 11.9% from Jan 2017’s 1,847, and 30.7% from the previous month/Dec 2017’s total of 2,350. (***In contrast to all those people working to get “Closed” before year-end)
- January’s Pending Sales (accepted offers), at 2,311 topped Jan of 2017’s 1,990 by 16.1% , and also increased 31.5% from the previous month/Dec 2017’s total of 1,757 (***It was actually the strongest January for Pending sales since January 2007’s 2,544)
- The Average Sale Price in January of $436,400 was up $26,500 from January 2017’s $409,900, and also up from December 2017’s a whopping $421,700 by $14,700. (***What a difference the turning of a year makes!)
Neighborhoods: January’s Average Sale Price + Appreciation (last 12 months):
- North Portland: $435,300 7.2% (Dec 400,500)
- NE Portland: $445,800 7.5% (Dec 430,000)
- SE Portland: $380,900 8.7% (Dec 382,200)
- Gresham/Troutdale: $351,600 10.9% (Dec 329,600)
- Milwaukie/Clackamas: $424,800 9.3% (Dec 411,500)
- Oregon City/Canby: $408,600 7.3% (Dec 402,100)
- Lake Oswego/West Linn:$631,600 5.4% (Dec 662,700)
- West Portland: $609,300 3.2% (Dec 612,700)
- NW Wash County: $538,300 7.9% (Dec 534,400)
- Beaverton/Aloha: $367,600 8.5% (Dec 363,200)
- Tigard/Wilsonville: $428,400 7.2% (Dec 435,700)
- Hillsboro/Forest Grove: $390,300 10.4% (Dec 366,800)
LAKE OSWEGO:
The combined areas of Lake Oswego and West Linn for the month of January 2018 reported:
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- 281 Active Listings (Dec 288)
- 146 New Listings (Dec 80)
- 101 Pending Sales (Dec 92)
- 93 Closed Sales (Dec 98)
- Average Sale Price for Dec: $631,600 (Dec 662,700)
- 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.
- 93 Average Days on the Market (Dec 73)