Lake Oswego & West Linn: February 2012

Lake Oswego and West Linn Stats & Review

Overall the Lake Oswego market is still a buyer's market. Interest rates are still very low and the average market time is still ok at 152 days. When the year to year comparison and the average sales price percent change are both increasing I have to give it a current price trend rating of appreciating.

Lake Oswego's Average Sales Price Percent Change is 0.4%.

Average Sales Price Percent Change is a good conservative indicator for determining if a market is appreciating or depreciating. *This is the 12 month rolling average for sales price which takes the rolling average sales price over her last twelve months (3/1/11- 2/29/12) and compares it to the rolling average sales price of the previous 12 months (3/1/10-2/28/11).

Lake Oswego, Oregon's Current Real Estate Climate When comparing February's results this year 2012 to last year (February 2011) here is what you will find:

The average homeowner's equity increased by $28,300 or 7.1% of value.
Average Sales Price in February 2012 was $397,000
Average Sales Price in February of 2011 was $368,700
Number of closed sales for the month of February was 62
The supply of homes stands at 9.2 months.
(The supply or inventory is how long it would take to sell off the current/available homes on the market at the current rate of sale.)

The time it takes on average from when a homeowner lists their home for sale to when a home has an accepted offer is 152 days.

It's important to compare these statistics to the entire Portland Metropolitan area as a whole which includes all of the city of Portland as well as the surrounding suburbs. This will help you to determine how each area is performing.

City of Portland and All the Surrounding Suburbs Current Real Estate Climate:

Price Appreciation/Depreciation percent change is -5.5%.
*This is the 12 month rolling average for sales price which takes the rolling average sales price over her last twelve months (3/1/11- 2/29/12) and compares it to the rolling average sales price of the previous 12 months (3/1/10-2/28/11). In this case the rolling average over the last twelve months is $263,500 and the rolling average of the previous 12 months was $278,700. You take the rolling average price difference and divide it by previous 12 month rolling average and you get -5.5%

When comparing February's results this year 2012 to last year (February 2011) here is what you will find:

The average homeowner's equity increased by $10,600 or 4% of value.
Average Sales Price in February 2012 was $255,100
Average Sales Price in February of 2011 was $244,500
Number of closed sales for the month of February was 1262
The supply in the entire Portland Metro area stands at 6.5 months.
The time it takes on average from when a homeowner lists their home to when a home has an accepted offer is 138 days.

Portland Metro Real Estate data comes from the RMLS of Portland, which is the region's local multiple listing source for real estate listings. If you would like to receive e-mailed reports simply let me know.

2012 Portland Area/Section Reports:

Portland & All Surrounding Suburbs Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Northwest and Southwest Portland Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Southeast Portland Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Northeast Portland Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
North Portland Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Beaverton/Aloha Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hillsboro/Cornelius/Forest Grove Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Gresham/Troutdale/Corbett Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Milwaukie/Clackamas/Happy Valley Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Oregon City/Canby Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Lake Oswego/West Linn Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Tigard/Tualatin/Wilsonville Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
NW Washington County Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

For the most current Portland real estate market recap summary click here.
For the most current Portland real estate statistics summary click here.

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