Author: Linda Rossi

Posted on

Market Activity ~ Jan 8-14, 2018

Last week saw 7 New properties enter the market in Lake Oswego, 11 move to Pending status, and 8 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 8-14, 2018)

Address List Price # Beds # Baths Total SF Prop Type
133 OSWEGO SMT $199,900 1 1 923 CONDO
4000 CARMAN DR F90 $205,000 2 2 834 CONDO
16250 PACIFIC HWY #60 $249,900 2 2 1305 CONDO
5545 KILCHURN AVE $660,000 3 2 2559 DETACHD
12788 SIERRA VISTA DR $699,000 4 3.1 2812 DETACHD
4004 MELISSA DR $709,900 4 2.1 2865 DETACHD
13171 SANDALWOOD CT $715,000 4 2.1 3325 DETACHD

PENDING SALES (Jan 8-14, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
570 S STATE ST / Grnd $239,500 2 1 914 CONDO 2
4462 THUNDER VISTA LN $314,000 2 2.1 2040 CONDO 4
16855 GASSNER LN $449,900 4 2 2258 DETACHD 30
16150 LAKE FOREST BLVD $524,900 2 2 2302 DETACHD 42
528 2ND ST $525,000 2 2.1 1703 CONDO 7
9 FALSTAFF ST $549,000 4 2.1 2436 DETACHD 315
14260 UPLANDS DR $600,000 4 3 2984 DETACHD 30
4725 CAMBRIDGE CT $749,900 2 2.1 2942 ATTACHD 118
160 IRON MOUNTAIN BLVD $825,000 4 3 3090 DETACHD 9
4933 LAKEVIEW BLVD $996,000 4 3 3988 DETACHD 7
19419 SW EAST SIDE RD $1,300,000 4 3.1 4682 DETACHD 98

SOLD (Jan 8-14, 2018.)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
3290 WEMBLEY PARK RD $550,000 $530,000 5 3 2656 DETACHD 62
5330 CARMAN GROVE LN $759,900 $725,000 3 2.1 2442 DETACHD 165
1755 KILKENNY RD $844,900 $775,000 4 3 3164 DETACHD 131
1627 VILLAGE PARK LN $945,000 $790,000 4 3.1 3203 DETACHD 168
16 CELLINI CT $869,000 $790,000 3 2.1 3049 DETACHD 61
5349 CARMAN GROVE LN $899,900 $880,000 4 3 2847 DETACHD 189
14167 TAYLORS CREST LN $948,000 $885,000 4 2.1 3675 DETACHD 177
12750 FIELDING RD $1,100,000 $945,000 3 2 3018 DETACHD 41

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.

Posted on

News & Notes ~ Nov 2017 Data

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
Posted on

Market Activity ~ Dec 11-17, 2017

Last week saw 7 New properties enter the market in Lake Oswego, 11 move to Pending status, and 14 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Dec 11-17, 2017)

Address List Price # Beds # Baths Total SF Prop Type
4236 WOODSIDE CIR $395,000 3 2 1524 ATTACHD
16855 GASSNER LN $449,900 4 2 2258 DETACHD
4711 REMBRANDT LN $529,900 3 2.1 2050 DETACHD
14260 UPLANDS DR $600,000 4 3 2984 DETACHD
4729 LAKEVIEW BLVD $679,000 3 2.1 2551 DETACHD
12 DA VINCI ST $684,000 4 3 2959 DETACHD
17537 CARDINAL DR $2,298,000 5 4 5383 DETACHD

PENDING SALES (Dec 11-17, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
1798 KILKENNY RD $559,900 3 2 2323 DETACHD 224
1661 WOODLAND TER $625,000 3 2.1 3178 DETACHD 32
5418 WASHINGTON CT $679,900 3 2.1 2074 DETACHD 64
17585 TREETOP WAY $689,000 4 3 2422 DETACHD 74
1755 KILKENNY RD $799,900 4 3 3164 DETACHD 131
1627 VILLAGE PARK LN $825,000 4 3.1 3203 DETACHD 168
13845 AMBERWOOD CIR $885,000 4 2.1 3277 DETACHD 120
2715 GLEN EAGLES RD $900,000 4 2 2500 DETACHD 130
910 A AVE $999,000 3 2 3324 DETACHD 21
18246 BELLA TERRA DR $1,269,000 4 3.1 4200 DETACHD 311
1972 CHERYL CT $1,999,999 4 4.1 6952 DETACHD 89

SOLD (Dec 11-17, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
45 EAGLE CREST DR #415 $203,500 $195,000 2 1.1 1056 CONDO 119
200 BURNHAM RD #300 $215,000 $205,000 1 1 973 CONDO 17
6451 MCEWAN RD $379,900 $380,000 3 1.1 1080 DETACHD 9
16215 LAKE FOREST BLVD $424,900 $380,250 3 1 1001 DETACHD 46
19244 BENFIELD AVE $449,000 $455,000 3 2 1182 DETACHD 3
106 GREENRIDGE CT $469,950 $470,700 3 3 3198 ATTACHD 4
5866 RIDGETOP CT $539,000 $509,000 3 2 1866 DETACHD 15
4954 BILFORD LN $575,000 $560,000 2 2 1890 DETACHD 46
13422 VERMEER DR $659,000 $615,000 4 3 2682 DETACHD 29
29 DEL PRADO ST $735,000 $747,000 4 2 3037 DETACHD 7
1350 RIDGECREST DR $1,249,900 $1,100,000 5 3 3534 DETACHD 159
937 Cedar ST $1,350,000 $1,350,000 4 3.1 3938 DETACHD 125
916 LAKE SHORE RD $2,195,000 $1,780,000 4 3.1 3780 DETACHD 141
1000 ATWATER RD $2,695,000 $2,550,000 5 4.2 6531 DETACHD 41

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.

Posted on

Energy Effiency

Happy December, Property Blotter Readers!

One of the things we love about living here is the change of the seasons. The seasonal variations are not as marked as in other parts of the country with our snowfall being very periodic and usually short-lived, but we DO get some of that, and of course we get to enjoy our fireplaces and the cozy feeling of getting in out of the cold during winter months. Then in spring we watch the leaves come back, followed by the splendor & blue skies of summer, and fall when the leaves turn brilliant red & gold again.

The summer and the winter present challenges to all of us in terms of energy efficiency. The City of Portland has recently instituted a mandate set to begin in January 2018 that will require all homeowners who put their homes on the market to complete and provide to all potential Buyers a Home Energy Score & report. The score will be displayed on each listing, and the reports must be provided in the home right there with the flyer and other home info. The idea is to increase awareness & reduce the overall carbon footprint in this area, and the program is being instituted in conjunction with other major cities in the United States toward the same end. The comparison is being made to Buyers being able to see MPG rating on a car for instance, to let them know how much it is going to cost them in gas as they compare one vehicle to another. ***Lake Oswego is located in Clackamas County, is not part of the City of Portland, and is therefore exempt from this regulation, but I am bringing it to your attention as this is something Buyers, who are also looking in Portland right next door, will become used to seeing and will likely ask Lake Oswego homeowners about.

Lake Oswego is exempt, as I mentioned, and/but it is always a good idea to check your home’s energy efficiency. Also, this program signals & ushers a new era of expectations on the part of Buyers. The new program is creating a set of “Energy Assessors” in this area available to come to your home and check its systems such as furnace, air conditioning, windows, and insulation. They can, if you like, provide you with a report and an Energy Score that you can use for your own information regarding how you might lower your energy costs. The reports will cost approx $250 depending on the size of the home etc.

Its always best to be “in the know”! Here is a link to information on the Portland program, just FYI: CLICK HERE

Posted on

Market Activity ~ Nov 27 – Dec 3, 2017

Last week saw 7 New properties enter the market in Lake Oswego, 13 move to Pending status, and 21 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Nov 27-Dec 3, 2017)

Address List Price # Beds # Baths Total SF Prop Type
100 Kerr PKWY #58 $195,000 2 1.1 822 CONDO
16150 LAKE FOREST BLVD $524,900 2 2 2302 DETACHD
14595 SHERBROOK PL $569,500 3 2.1 2028 DETACHD
12 MORNINGVIEW CIR $635,000 3 2.1 2732 DETACHD
13265 FOX RUN $699,900 4 2.1 2614 DETACHD
17184 CARLSON CT $720,000 4 3.1 3318 DETACHD
STAFFORD RD/Lot 2 $995,000 5 3.1 3258 DETACHD

PENDING SALES (Nov 27-Dec 3, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
90 OSWEGO SMT / Upper $239,500 2 2 1140 CONDO 114
16724 ROOSEVELT AVE $389,900 3 1.1 1270 DETACHD 112
3 MOUNTAIN CIR $429,000 3 2 1464 ATTACHD 39
3845 TEMPEST DR $569,900 4 2.1 1953 DETACHD 43
13758 REGENCY CT $599,900 3 2.1 1986 DETACHD 40
1885 CREST DR $625,000 4 2 2120 DETACHD 132
8 MORNINGVIEW LN $635,000 3 2.1 3277 DETACHD 98
5330 CARMAN GROVE LN $725,500 3 2.1 2442 DETACHD 165
17645 OAK MEADOW LN $749,000 4 2.1 3723 DETACHD 159
103 GARIBALDI ST $775,000 4 3.1 3940 DETACHD 240
15543 VILLAGE DR $878,000 4 2.1 3036 DETACHD 118
5320 SOUTHWOOD DR $915,000 5 3 3646 DETACHD 106
937 Cedar ST $1,350,000 4 3.1 3938 DETACHD 125

SOLD (Nov 27-Dec 3, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
200 BURNHAM RD#303 $230,000 $214,000 2 1 1199 CONDO 53
54 GALEN ST #54 $239,900 $232,000 2 2 995 CONDO 4
88 GREENRIDGE CT #88 $270,000 $279,000 2 2 1314 ATTACHD 24
30 GREENRIDGE CT $335,000 $330,000 2 1.1 1928 ATTACHD 100
1625 CLOVERLEAF RD $489,900 $440,000 3 2 1996 DETACHD 57
5871 BONITA RD $549,950 $483,000 4 3 2406 DETACHD 421
19240 MAREE CT $525,000 $525,000 3 2.1 1964 DETACHD 2
1575 IVY CT $599,000 $563,500 4 3 2420 DETACHD 75
16 BERNINI CT $620,900 $615,823 4 3.2 4642 DETACHD 22
12 SCARBOROUGH DR $650,000 $620,000 4 2.1 2966 DETACHD 187
17524 ERIN CT $749,900 $675,000 5 3 3008 DETACHD 68
4608 CHELSEA LN $825,000 $825,000 4 2.1 3092 DETACHD 2
5406 LANGFORD LN $845,000 $840,000 3 2.1 3415 DETACHD 5
16039 BONAIRE AVE $860,000 $876,587 3 3 3305 DETACHD 0
1420 MORNING SKY CT $1,049,000 $979,000 4 3.1 3613 DETACHD 73
1011 LAKE SHORE RD $1,195,000 $1,050,000 3 3 2820 DETACHD 69
3519 Lake Grove AVE $1,185,000 $1,125,000 4 2.1 3176 DETACHD 30
3133 DOUGLAS CIR $1,499,000 $1,325,000 4 3.1 3981 DETACHD 150
610 4TH ST $1,565,000 $1,555,000 4 2.1 3470 DETACHD 49
13912 Goodall RD $1,735,000 $1,700,000 4 3.2 4658 DETACHD 84
2430 SUMMIT CT $2,300,000 $1,850,000 3 3 2911 DETACHD 154

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.

Posted on

Market Activity ~ Nov 13-19, 2017

Plenty of “refreshed” properties, but here at the Blotter we value getting only real, fresh/new content to our readers. Last week saw 8 truly New properties enter the market in Lake Oswego, 17 move to Pending status, and 13 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Nov 13-19, 2017)

Address List Price # Beds # Baths Total SF Prop Type
3433 MCNARY PKWY #604 $269,900 2 2.1 1136 ATTACHD
1784 BONNIEBRAE DR $339,000 2 1.1 1393 ATTACHD
385 LIVINGOOD LN $610,000 3 2 2083 DETACHD
4985 CASCARA LN $849,000 5 2.1 3607 DETACHD
625 CARRERA LN $998,000 4 3 5288 DETACHD
1925 CHILDS RD $1,369,000 5 4.1 5207 DETACHD
624 ATWATER RD $1,398,000 5 3.1 4463 DETACHD
157 6TH ST $1,650,000 4 3.1 3614 DETACHD

PENDING SALES (Nov 13-19, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
66 OSWEGO SMT $189,900 1 1 764 CONDO 62
5061 FOOTHILLS DR A $309,500 2 2 991 CONDO 8
16215 LAKE FOREST BLVD $399,900 3 1 1001 DETACHD 46
19244 BENFIELD AVE $449,000 3 2 1182 DETACHD 3
5907 KENNY ST $450,000 3 2 1300 DETACHD 34
5866 RIDGETOP CT $525,000 3 2 1866 DETACHD 15
405 BOCA RATAN DR $529,900 3 2.1 2040 DETACHD 115
17736 CARDINAL CT $535,000 4 2.1 2280 DETACHD 29
960 CAPILANO CT $599,600 4 3 2416 DETACHD 238
5110 ROSEWOOD ST $615,000 3 2.1 2464 DETACHD 106
999 OXFORD DR $639,000 4 3 3118 DETACHD 93
17040 SUMMER PL $639,000 4 2.1 3186 DETACHD 71
14377 CAMDEN LN $639,900 4 2.1 2530 DETACHD 141
4725 FIRWOOD RD $675,000 3 2.1 2557 DETACHD 3
4006 CANAL WOODS CT $775,000 5 3.1 3514 DETACHD 152
5501 RACHEL LN $799,900 4 2.2 3659 DETACHD 130
12834 ALTO PARK RD $1,475,000 4 3.3 3973 DETACHD 66

SOLD (Nov 13-19, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
4000 CARMAN DR #43 $205,000 $206,500 2 2 866 CONDO 6
50 SW CERVANTES CIR $213,750 $210,000 2 1.1 1368 CONDO 3
7210 CHILDS RD $399,000 $340,000 3 2 1542 DETACHD 989
5061 FOOTHILLS DR $350,000 $340,000 2 2 991 CONDO 23
1675 HALLINAN ST $499,900 $455,000 3 2.1 2450 DETACHD 84
2 CREEKSIDE TER $634,900 $575,000 4 2.1 2906 DETACHD 86
17808 CARDINAL PL $650,000 $594,000 3 2 1870 DETACHD 91
1040 UPPER DEVON LN $689,000 $650,000 3 2.1 2640 DETACHD 151
133 FURNACE ST $798,000 $775,000 2 3 1927 CONDO 8
504 10TH ST $819,000 $790,000 3 2 2277 DETACHD 65
3200 UPPER DR $798,500 $814,000 4 3 2543 DETACHD 4
13700 KNAUS RD $1,150,000 $1,055,000 3 2.1 2403 DETACHD 106
3250 UPPER DR $1,595,000 $1,500,000 4 4.1 3977 DETACHD 42

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.

Posted on

We Are Grateful for You!

We wish for you a long weekend of relaxing time with family and friends. We all have so much to be grateful for.  Happy Thanksgiving from us at the Property Blotter!

Posted on

Market Activity ~ Oct 30- Nov 5, 2017

We’re humming right along. Last week saw 14 New properties enter the market in Lake Oswego, 19 move to Pending status, and 15 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Oct 30-Nov 5, 2017)

Address List Price # Beds # Baths Total SF Prop Type
200 BURNHAM RD #300 $215,000 1 1 973 CONDO
14796 DAVIS LN $509,900 3 2.1 1964 TOWNHSE
5866 RIDGETOP CT $539,000 3 2 1866 DETACHD
17280 WESTVIEW DR $550,000 3 3 2324 DETACHD
17 FALSTAFF ST $599,000 4 3 2450 DETACHD
18632 DEERBRUSH AVE $624,900 3 2.1 1962 DETACHD
2401 MAYORS LN $699,999 3 3 3004 DETACHD
29 DEL PRADO ST $735,000 4 2 3037 DETACHD
17167 CEDAR RD $764,900 3 2 2673 DETACHD
2983 LAKEVIEW BLVD $799,000 3 2.1 2583 DETACHD
16101 PARELIUS CIR $1,165,000 4 3 3974 DETACHD
1505 COUNTRY CLUB RD $1,195,000 6 4.1 6043 DETACHD
768 7TH ST $1,300,000 4 3.1 2802 DETACHD
18320 RIVER EDGE LN $1,988,000 4 5 4608 DETACHD

PENDING SALES (Oct 30-Nov 5, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #42 $189,500 2 1.1 822 CONDO 13
50 SW CERVANTES CIR $213,750 2 1.1 1368 CONDO 3
90 OSWEGO SMT/Upper $239,500 2 2 1140 CONDO 86
30 GREENRIDGE CT $335,000 2 1.1 1928 ATTACHD 100
16219 BONAIRE AVE $419,900 4 2 1594 DETACHD 101
5880 ROCKWOOD CT $450,000 3 2 1772 DETACHD 9
28 NORTHVIEW CT $525,000 2 3 2092 ATTACHD 85
3312 SABINA CT $570,000 3 2 1758 DETACHD 36
653 3RD ST $574,999 3 2 1522 DETACHD 1
1642 HIGHLAND DR $599,000 4 3 2234 DETACHD 111
17784 CARDINAL DR $599,900 4 3 2184 DETACHD 80
20 MORNINGVIEW CIR $610,000 3 2.1 2698 DETACHD 184
13422 AUBURN CT $625,000 3 2.1 2612 ATTACHD 32
12 SCARBOROUGH DR $639,900 4 2.1 2966 DETACHD 187
18410 DEERBRUSH AVE $645,000 4 2.1 2246 DETACHD 92
133 FURNACE ST/Upper $798,000 2 3 1927 CONDO 8
12750 FIELDING RD $995,000 3 2 3018 DETACHD 38
13597 ROGERS RD $1,179,000 4 4 3945 DETACHD 92
17502 BLUE HERON DR $2,195,000 5 3.1 4996 DETACHD 94

SOLD (Oct 30-Nov 5, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY #49 $239,000 $235,000 2 2 1305 CONDO 9
480 S STATE ST $325,000 $292,000 3 2 1659 CONDO 200
5141 CENTERWOOD ST $425,000 $425,000 3 2 1539 DETACHD 0
100 LEONARD ST 4-2 $500,000 $458,750 3 2.1 2537 CONDO 65
12729 19TH AVE $549,900 $477,000 4 2 2700 DETACHD 120
800 WOODWAY CT $550,000 $492,000 4 3 2066 DETACHD 102
18906 KRISTI WAY $568,000 $540,000 3 2 1864 DETACHD 45
768 7TH ST $674,900 $550,000 3 2 1359 DETACHD 68
2 EL GRECO ST $649,000 $644,000 5 3 3057 DETACHD 6
19080 INDIAN SPRINGS CIR $685,000 $655,000 4 2 2406 DETACHD 217
4100 COLTSFOOT LN $775,000 $675,000 3 2.1 2840 DETACHD 77
14283 EDENBERRY DR $689,000 $689,000 3 2.1 2248 DETACHD 2
18462 PIONEER CT $724,900 $709,600 5 3 3804 DETACHD 2
19487 DOGWOOD CT $745,000 $730,000 5 3 3105 DETACHD 15
3623 EENA RD $999,900 $950,000 4 3.1 3422 DETACHD 217

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.

Posted on

News & Notes ~ Sept 2017 Data

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, September, 2017:
    • There were 3,644 New Listings in Sept 2017 which was down .08% from Sept of 2016’s 3,673, and down 10% from August of 2017’s total of 4,048.
    • At 2,660, Sept Closed Sales were down 5.8% from Sept 2016’s 2,823, and 12.3% from the previous month/August 2017’s total of  3,034.
    • September’s Pending Sales (accepted offers), at 2,730 dropped 4.4% from Sept of 2016’s 2,857, and 11.1% from the previous month/August 2017’s total of 3,072.
    • The Average Sale Price in September of $426,700 was up $34,500 from September 2016’s $392,200, and down from August 2017’s $436,400 by $9,700.    (***This is typical seasonal adjustment. This year we’ve seen roughly $10,000 drops in Average Sale Price per month in August and Sept.)                  

August Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $374,900              7%    (Aug $436,400)
  • NE Portland:  $447,100                   9.6% (Aug $460,100)
  • SE Portland:  $400,900                   8.7% (Aug $391,200)
  • Gresham/Troutdale:   $341,800   10.5%  (Aug $333,300)
  • Milwaukie/Clackamas:  $418,500 10.4% (Aug $420,300)
  • Oregon City/Canby:   $416,900      8.9% (Aug $394,800)
  • Lake Oswego/West Linn:$678,200 8.2%(Aug $713,800)
  • West Portland:    $572,100             6.9% (Aug $567,100)
  • NW Washington County:$501,200  9.9%(Aug $526,500)
  • Beaverton/Aloha:     $369,200        9.7% (Aug $376,800)
  • Tigard/Wilsonville:   $434,600        6.3% (Aug $439,300)
  • Hillsboro/Forest Grove: $385,400 12.1% (Aug $382,800)

The combined areas of Lake Oswego and West Linn  for the month of August 2017 reported:

    •  469 Active Listings   
    •  199 New Listings     
    •  87  Pending Sales   
    •  126 Closed Sales  
    • Average Sale Price for Sept: $678,200  
      • 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.
    • Average Time on the Market: 54 Days