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, February, 2018:
- There were 2,530 New Listings in Feb 2018 which was up .4% from Feb of 2017’s 2,521, and UP 1.8% from Jan of 2018’s total of 2,486.
- At 1,806, Feb Closed Sales were up 8.2% from Feb 2017’s 1,669, and 10% from the previous month/Jan 2018’s total of 1,628.
- February’s Pending Sales (accepted offers), at 2,337 dropped 1.4% from Feb of 2017’s 2,369, and increased slightly at 1.1% from the previous month/Jan 2018’s total of 2,311
- The Average Sale Price in February of $441,900 was up $37,700 from February 2017’s $404,200, and also up from January 2018’s $436,400 by $5,500.
Neighborhoods: February’s Average Sale Price + 12-month Appreciation :
- North Portland: $418,000 7.6% (Jan 435,300)
- NE Portland: $462,400 7.3% (Jan 445,800)
- SE Portland: $418,700 9.1% (Jan 380,900)
- Gresham/Troutdale: $339,400 11.2% (Jan 351,600)
- Milwaukie/Clackamas: $406,100 9.6% (Jan 424,800)
- Oregon City/Canby: $381,200 6.2% (Jan 408,600)
- Lake Oswego/West Linn:$706,400 4.8% (Jan 631,600)
- West Portland: $602,500 3.5% (Jan 609,300)
- NW Wash County: $540,100 7.4% (Jan 538,300)
- Beaverton/Aloha: $380,500 8.6% (Jan 367,600)
- Tigard/Wilsonville: $443,600 6.7% (Jan 428,400)
- Hillsboro/Forest Grove: $384,600 10.1% (Jan 390,300)
LAKE OSWEGO:
The combined areas of Lake Oswego and West Linn for the month of February 2018 reported:
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- 296 Active Listings (Jan 281)
- 158 New Listings (Jan 146)
- 120 Pending Sales (Jan 101)
- 92 Closed Sales (Jan 93)
- Average Sale Price for Feb: $706,400 (Jan 631,600)
- 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.
- 107 Average Days on the Market (Jan 93)