FIRST QUARTER HIGHLIGHTS

The first quarter of 2023 provided more inventory and options for buyers in the luxury price ranges. While sales were down from the first quarter of 2022 in Portland Metro, competition remains in many luxury price ranges as 47% of listings have sold in the first 30 days on the market.

PENDING | JOHNLSCOTT.COM/11384

OFFERED AT $5,200,000 | JOHNLSCOTT.COM/13308

In Lake Oswego, after the intensity adjustment which began last year, the strong demand for homes in this desirable community remains as we are seeing a shortage of inventory which is comparable to this time in 2022. Relief may come for buyers as inventory typically increases in the spring and summer months.

After the annual winter clean-up activity in Bend, the listings and buyers are starting to appear out of hibernation. Inventory is currently at healthy levels, a refreshing change after the shortage we saw during this time in 2022.

Bend will continue to draw high-net-worth individuals who are seeking to relocate, retire or purchase a second home, due to the area’s appealing lifestyle for residents.