Greetings to our Property Blotter readers! The market is in full swing~
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, April, 2018:
- There were 3,990 New Listings in April 2018 which was up 6.1% from April of 2017’s 3,759, and up 9.4% from the previous month/March of 2018’s total of 3,648.
- At 2,523, April Closed Sales were up 13.7% from April 2017’s 3,088, and up 6.4% from the previous month/March 2018’s total of 2,371.
- April’s Pending Sales (accepted offers), at 3,008 dropped 2.6% from April of 2017’s 3,043, but were up 3.9% from the previous month/March 2018’s total of 2,894
- The Average Sale Price in April of $452,000 was up $23,200 from April 2017’s $428,800, and also up from March 2018’s $445,900 by $6,100.
Neighborhoods: April’s Average Sale Price + 12-month Appreciation :
- North Portland: $428,500 6.0% (Mar 438,700)
- NE Portland: $491,000 7.6% (Mar 478,900)
- SE Portland: $422,400 7.7% (Mar 418,600)
- Gresham/Troutdale: $348,400 11.6% (Mar 356,400)
- Milwaukie/Clackamas: $430,200 8.7% (Mar 423,400)
- Oregon City/Canby: $419,300 6.5% (Mar 396,500)
- Lake Oswego/West Linn:$630,500 6.6% (Mar 631,100)
- West Portland: $598,800 2.3% (Mar 597,200)
- NW Wash County: $525,700 6.1% (Mar 550,200)
- Beaverton/Aloha: $394,600 9.0% (Mar 386,000)
- Tigard/Wilsonville: $491,900 8.4% (Mar 456,700)
- Hillsboro/Forest Grove: $389,700 9.2% (Mar 403,800)
LAKE OSWEGO:
The combined areas of Lake Oswego and West Linn for the month of April 2018 reported:
-
- 341 Active Listings (Mar 306)
- 261 New Listings (Mar 225)
- 192 Pending Sales (Mar 188)
- 154 Closed Sales (Mar 117)
- Average Sale Price for April: $630,500 (Mar 631,100)
- 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.
- 63 Average Days on the Market (Mar 82)