In January,  I posted the price appreciation for the different Portland metro real estate markets. You can view that post here to compare with the following update.

Here are the latest price appreciation stats from the RMLS™  March Market Action Report for the First Quarter 2018.

Price Appreciation Portland Metro Areas First Quarter 2018 Year To DateCopyright bettyjung.com

  • North Portland: 6.6%
  • Northeast Portland: 7.3%
  • Southeast: 8.4%
  • Gresham/Troutdale: 12%
  • Milwaukie/Clackamas: 9.4%
  • Oregon City/Canby: 6%
  • Lake Oswego/West Linn: 6.1%
  • West Portland: 3.1%
  • NW Washington County: 7.5%
  • Beaverton/Aloha: 9..1%
  • Tigard/Wilsonville: 7.4%
  • Hillsboro/Forest Grove: 9.9%
  • Mt. Hood: 14.1%
  • Columbia County: 11.8%
  • Yamhill County: 10.6%

Lake Oswego/West Linn Price Appreciation

As many, including myself, have been reporting, our local real estate market has slowed down a bit from the last two years.  However, as soon as we turned the page on the calendar to March 2018, the real estate market developed into a frenzy yet again.

Lake Oswego did experience a slower increase in prices compared to last year from 9.4% to 6.1% this first quarter.  However, it should be noted prices are still increasing and will, in my opinion, continue to increase as long as our inventory of houses remains so low. Some areas are still seeing higher demand than others and; yet again, not all areas are seeing multiple offers.

I too have been super busy as we enter into the Spring real estate season.  Weather has been beautiful and I know buyers are out wanting to purchase, in spite of increases recently in interest rates. We need more houses to sell. The low inventory is making it more difficult to find a home and some buyers are being priced out of the market.

There were a couple clients of mine who I told last year that they should buy as prices would be increasing.  They did not purchase, and you can see from the above stats, prices did and are still increasing.  Both those buyers thought prices would drop this year and now are regretting not buying when I suggested they do so. They are still in the market to purchase but their searches have now shifted into different areas and different price ranges.

Don’t wait to buy real estate. Buy real estate and wait.

— Robert G. Allen

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

SEARCH FOR REAL ESTATE

There are links above to search for real estate.  I have a new website where you can search or you can use my mobile phone app as well. My website and mobile app provide you with access to all listings available on the RMLS™ system regardless of who the listing agent or brokerage may be. Listings are updated frequently throughout the day giving you the information you need, when you need it.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1978 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs! “There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2018. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

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