Lake Oswego & West Linn | June 2012 Real Estate Reports by Area

Lake Oswego & West Linn: June 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 good at 135 days. When the year to year price comparison is down and the average sales price percent change is up from last year at this time I have to give it a current price trend rating of Unchanged.

Lake Oswego’s Average Sales Price Percent Change is 1.0% ending June 2012 compared to Lake Oswego’s Average Sales Price Percent Change ending June 2011 was -10.1% or an increase of 11.1% comparatively.

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 (7/1/11- 6/30/12) and compares it to the rolling average sales price of the previous 12 months (7/1/10-6/30/11).

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

The average homeowner's equity decreased by $-35,700 or -8.5% of value.
Average Sales Price in June 2012 was $422,500
Average Sales Price in June of 2011 was $458,200
Number of closed sales for the month of June was 160
The supply of homes stands at 3.92 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 135 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:

The current Rolling Price Appreciation/Depreciation percent change is -2.1%. The current year to year comparison average price change from (June 2011- June 2012) prices are up 6.4%. With the Average and Median Sales Price both up significantly from last year, supply levels at the lowest level since March 2007, demand up significantly, marketing time decreasing I have to give it an overall market rating of price appreciation. To truly establish trend you need to consider the very longer term such as rolling average sale price percent change from year to year but you also need to consider the immediate trend when compared to last year’s same month and in many cases even the previous few months of data.

*This is the 12 month rolling average for sales price which takes the rolling average sales price over her last twelve months (7/1/11- 6/30/12) and compares it to the rolling average sales price of the previous 12 months (7/1/10-6/30/11). In this case the rolling average over the last twelve months is $265,800 and the rolling average of the previous 12 months was $271,600. You take the rolling average price difference and divide it by previous 12 month rolling average and you get -2.1%

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

The average homeowner's equity increased by $19,000 or 7.2% of value.
Average Sales Price in June 2012 was $284,100
Average Sales Price in June of 2011 was $267,100
Number of closed sales for the month of June 2012 was 2244
Number of closed sales for the month of June 2011 was 1958
The closed sales ratio is an increase of 286 or 12.75%

The supply in the entire Portland Metro area stands at 3.9 months.
The time it takes on average from when a homeowner lists their home to when a home has an accepted offer is 114 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.

Lake Oswego & West Linn: June 2012

2012 Portland Area/Section Reports: