Market Activity ~ Sept 19-25, 2022

Last week we saw 9 properties enter the market, 13 move to Pending status and 5 Sold/Closed. Right now there are 130 properties ranging from $240,000 to $11.5 mil available in Lake Oswego.

Here is the latest according to RMLS:

NEW Sept 19-25, 2022

AddressList PriceBedsBathsSFProp Type
45 EAGLE CREST DR #208$249,900221046CONDO
246 RIDGEWAY RD #17B$344,00011753CONDO
11 SUMMIT RIDGE CT$475,00022.11576ATTACHD
1172 BOCA RATAN DR$580,000321611ATTACHD
4724 LAMONT CT$649,000321698DETACHD
72 TOUCHSTONE$929,900433908DETACHD
4744 CAMBRIDGE CT$985,00032.12856ATTACHD
17423 SCHALIT WAY$998,90042.12442DETACHD
842 6TH ST$1,850,00043.13840DETACHD

PENDING Sept 19-25, 2022

AddressList PriceBedsBathsSFProp TypeDays
900 CORNELL ST$495,00031.11300DETACHD4
256 CERVANTES$539,90022.11984ATTACHD158
918 LAKE FRONT RD$650,00021921DETACHD11
5429 KENNY ST$695,000321584DETACHD61
1695 HALLINAN ST$699,900432763DETACHD96
15443 SW MEADOWLARK CT$749,999321895DETACHD17
2711 Greentree RD$919,900433241DETACHD59
4744 CAMBRIDGE CT$985,00032.12856ATTACHD2
18010 GIMLEY CT$1,090,00053.13652DETACHD53
13615 WESTLAKE DR$1,550,00044.14396DETACHD85
2485 GREENTREE RD$2,350,000443853DETACHD21
18735 BRYANT RD$2,495,00043.15544DETACHD118
1287 CHERRY LN$2,999,90054.15312DETACHD4

SOLD Sept 19-25, 2022

AddressOpeningClosedBedsBathsSFProp TypeDays
360 CERVANTES CIR$240,000$240,00021832CONDO19
1000 BICKNER ST$635,000$635,00032.11988DETACHD2
1620 ASPEN ST$785,000$825,000432284DETACHD7
12886 SIERRA CT$1,085,000$1,125,000433188DETACHD3
542 4TH ST$1,549,000$1,525,00044.23376ATTACHD3
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 (***We’ve used “Days” in each category for ease of understanding) .

August Numbers- Portland Real Estate Stats + LO

According to the RMLS Market Action Report  for the Portland Metro Area-Aug 2022:

Overview/Fluctuations ~ Market Data:
As we move from summer to fall, we see a continuing trend of market stabilization & readjustment. Inventory is still holding its own compared to last year but down slightly from the prior month. Prices are slowing down as far as the steep upward trend that we’ve been seeing. Activity remains strong with accepted Offers and Closings increasing in volume over July, and average time on market is currently at 28 days.
Rates: “Rates have pushed up based on inflation and are now around 6% for a 30-year fixed rate mortgage.” Gary Boyer, Regional VP, Directors Mortgage

  • There were 3,209 New Listings in August 2022 down 13.2% from 3,698 in August 2021 and down 14.7% from the previous month/July’s 3,763.
  • At 2,581 August 2022’s Closed Sales (Solds) are down 19.8% from August 2021’s 3,219, and up 8.9% from the previous month/July 2022’s total of 2,369.
  • At 2,530 August 2022’s Pending Sales (accepted Offers) are down 28.4% from August 2021’s 3,535, and also down 3.5% from the previous month/July’s total of 2,445.
  • The Average Sale Price in August 2022 of, $607,700 is up $24,100 from last year/August 2021’s $583,600, and took a quick dive of $28,000 from the previous month/July’s $635,700.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in August 2022 of $548,400 rose from last year/August 2021’s $525,000 by $23,000, and is down $17,600 from the previous month’s $566,000.

LAKE OSWEGO (August 2022):

205 Active Listings (Jul 202)
151 New Listings  (Jul 169)
117 Pending Sales (Jul 111)
120 Closed Sales  (Jul 119)
Average Sale Price for Aug: $950,100 (Jul $1,029,100)
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.
25 Days on the Market   (Jul 15)

Market Activity ~ Sept 5-11, 2022

Last week Lake Oswego saw 24 properties enter the market, 12 moved to Pending status and 16 Sold/Closed. Right now there are 127 properties available ranging from $240,000 to $11.5 mil.

Here is the breakdown according to RMLS:

NEW Sept 5-11, 2022

AddressList PriceBedsBathsSFProp Type
113 TOUCHSTONE TER$510,00032.12104ATTACHD
1272 HIDE A WAY CT$549,000421816DETACHD
30 GREENRIDGE CT$550,00031.11928ATTACHD
5850 KENNY ST$589,000221172DETACHD
8 MOUNTAIN CIR$629,000321316ATTACHD
1130 HALLINAN CT$650,000321463DETACHD
32 INDEPENDENCE AVE$740,00043.13420DETACHD
7 SPINOSA$769,900332295DETACHD
2050 SOUTHSHORE BLVD$780,00032.11629DETACHD
1310 LEE ST$789,900322344DETACHD
4361 ALBERT CIR$919,00042.12382DETACHD
674 1ST ST$1,074,00022.12147CONDO
2050 WEMBLEY PARK RD$1,099,500421868DETACHD
4051 VIRGINIA WAY$1,100,000421903DETACHD
171 5TH ST$1,368,000422367DETACHD
178 PINE VALLEY RD$1,595,00053.13001DETACHD
18975 OLSON AVE$1,850,000533569DETACHD
3900 CANAL RD$1,990,00043.14934DETACHD
17688 UPPER CHERRY LN$2,850,00043.15040DETACHD
890 Lake Shore RD$3,450,00033.13555DETACHD
2643 SOUTHSHORE BLVD$3,895,00033.24872DETACHD
1098 CHANDLER RD$3,995,00043.14003DETACHD
1425 CHANDLER RD$4,800,00055.15692DETACHD
1475 SKYLAND DR$6,750,00056.28986DETACHD

PENDING Sept 5-11, 2022

AddressList PriceBedsBathsSFProp TypeDays
16074 LAKE FOREST BLVD$559,950321354DETACHD34
1 ORIOLE LN$585,00032.12317DETACHD101
6 ADAMS CT$665,000321549DETACHD83
1250 HALLINAN CIR$749,950432168DETACHD57
1475 CORNELL ST$799,000321599DETACHD7
38 MORNINGVIEW CIR$825,000432408DETACHD9
4264 HARVEY WAY$895,000432728DETACHD36
2775 VALE CT$949,95042.12805DETACHD97
4137 ORCHARD WAY$1,175,00052.13680DETACHD15
13248 ROGERS RD$1,195,00053.13107DETACHD87
15784 TWIN FIR RD$2,200,00032.13471DETACHD20
961 LAKE FRONT RD$4,895,00033.14998DETACHD59

SOLD Sept 5-11, 2022

AddressOpeningClosedBedsBathsSFProp TypeDays
47 EAGLE CREST DR #24$224,900$215,00011672CONDO7
122 OSWEGO SMT / main$235,000$251,33011764CONDO22
200 BURNHAM RD #405$380,000$382,500221328CONDO22
12822 BOONES FERRY RD$479,900$455,00022.11136CONDO41
6240 BURMA RD$647,500$627,500321724DETACHD6
5297 CENTERWOOD ST$655,000$665,000321746DETACHD7
5 PARTRIDGE LN$779,000$672,00032.12794DETACHD5
5840 BURMA RD$829,000$818,000421632DETACHD19
12562 SW ORCHARD HILL RD$937,000$925,00042.12574DETACHD292
19 TOUCHSTONE$899,000$925,000432789DETACHD25
33 WESTRIDGE DR$1,150,000$1,250,00053.13864DETACHD11
5014 UPPER DR$1,399,900$1,365,000533416DETACHD44
1991 RIDGEWOOD RD$1,550,000$1,450,00042.24993DETACHD3
1250 SW Englewood DR$2,499,000$2,499,00033.15097DETACHD70
2493 SOUTHSHORE BLVD$3,699,000$3,000,00065.17561DETACHD64
162 BERWICK RD$3,295,000$3,147,50044.14657DETACHD0
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 (***We’ve used “Days” in each category for ease of understanding) .

Market Activity ~ Aug 22-28, 2022

Last week Lake Oswego saw 14 properties enter the market, 11 move to Pending status, and 16 Closed/Sold. Right now there are 125 homes available in Lake Oswego ranging from $245,000 to 11.5 mil.

Here is the breakdown according to RMLS:

NEW Aug 22-28, 2022

AddressList PriceBedsBathsSFProp Type
360 CERVANTES CIR$240,00021832CONDO
4266 WOODSIDE CIR$519,999421944ATTACHD
136 TOUCHSTONE TER$630,00032.11996DETACHD
10 MOUNTAIN CIR$639,000321434ATTACHD
18 PARTRIDGE LN$780,000433145DETACHD
1620 ASPEN ST$785,000432284DETACHD
1202 SPRUCE ST$850,00022.11706DETACHD
4137 ORCHARD WAY$1,175,00052.13680DETACHD
5786 WASHINGTON CT$1,199,000433186DETACHD
4410 LORDS LN$1,485,00053.13499DETACHD
1261 WELLS ST$1,750,00043.14316DETACHD
17261 KELOK RD$2,000,00043.13450DETACHD
718 MAPLE ST$2,295,00032.14023DETACHD
17226 CHAPIN WAY$2,600,00043.14930DETACHD

PENDING Aug 22-28, 2022

AddressList PriceBedsBathsSFProp TypeDays
200 BURNHAM RD #103$425,90011765CONDO11
20 WHEATHERSTONE$479,90032.11692CONDO7
14402 SHERBROOK PL$649,99932.11976DETACHD7
1620 ASPEN ST$785,000432284DETACHD3
7200 CHILDS RD$950,000442660DETACHD11
890 C AVE$1,275,00032.12596DETACHD11
13504 STREAMSIDE DR$1,279,00042.13486DETACHD72
542 4TH ST$1,549,00044.23376ATTACHD19
1991 RIDGEWOOD RD$1,550,00042.24993DETACHD19
17226 CHAPIN WAY$2,600,00043.14930DETACHD1
707 LAKE SHORE RD$2,950,00033.12992DETACHD64

SOLD Aug 22-28, 2022

AddressOpeningClosedBedsBathsSFProp TypeDays
4405 THUNDER VISTA LN$467,500$435,00022.11922CONDO92
5054 FOOTHILLS DR, #70F$485,000$448,000221252CONDO24
4268 WOODSIDE CIR$589,900$560,000421944ATTACHD33
5342 RED LEAF ST$599,000$570,00032.11710DETACHD29
16532 SW Mellon AVE$625,000$625,00041.11760DETACHD5
14332 SHERBROOK PL$689,900$645,00032.11770DETACHD18
1765 CONIFER DR$785,000$749,000422334DETACHD16
39 TANGLEWOOD DR$899,000$922,000433167DETACHD4
347 6TH ST$1,050,000$1,175,00033.12360ATTACHD3
14760 UPLANDS DR$999,000$1,200,000432772DETACHD6
1455 NELSON CT$1,149,000$1,245,00042.12210DETACHD14
3151 ALBER SPRING CT$1,375,000$1,400,00053.13917DETACHD1
1839 PALISADES LAKE CT$1,599,900$1,500,00043.14570DETACHD43
13740 KNAUS RD$1,895,000$1,845,00043.14459DETACHD36
17261 KELOK RD$2,000,000$2,000,00043.13450DETACHD0
2088 CREST DR$7,250,000$6,900,00046.18259DETACHD80
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 (***We’ve used “Days” in each category for ease of understanding) .

July Numbers – Portland Real Estate Stats + LO

Overview/Fluctuations ~ Happy August! We’re seeing the market slow a bit, which is often a seasonal characteristic of the hot vacation weather and travel schedules, BUT, this year we’re also seeing things really pull back as a direct result of the overall economy in a good way…in a way that is creating more of a “normal” market where Buyers and Sellers each have their own leverage, and where negotiating on reasonable repair items and price is again “the norm”. Right on cue, more houses are going on the market (see Inventory). Anecdotal buzz goes right along with the data- Realtors seeing Buyers actually getting Offers accepted where they’ve been struggling till recently. The pace of upward push on pricing is easing, and all of this in time for inflation concerns to be lessening per recent headlines. Overall, the word on the street is and the stats show that Portland housing market is evening out some. Rates: “Rates have moderated along with inflation and are coming down to the lower 5’s at this time.” Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS Market Action Report  for the Portland Metro Area-July 2022:

  • There were 3,763 New Listings in July 2022 down 11.8% from 4,267 in July 2021 and down 12.4% from the previous month/June’s 4,295.
  • At 2,369 July 2022’s Closed Sales (Solds) are down 31.1% from July 2021’s 3,439, and down 18.1% from the previous month/June 2022’s total of 2,893.
  • At 2,445 July 2022’s Pending Sales (accepted Offers) are down 27.1% from July 2021’s 3,354, and also down 4.6% from the previous month/June’s total of 2,563.
  • The Average Sale Price in July 2022 of, $635,700 is up $42,600 from last year/July 2021’s $593,100, and up $2,400 from the previous month/June’s $633,300.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in July 2022 of $566,000 rose from last year/July 2021’s $522,000 by $44,000, and is down $4,000 from the previous month’s $570,000.

LAKE OSWEGO (July 2022):

202 Active Listings (Jun 171)
169 New Listings  (Jun 198)
111 Pending Sales (Jun 143)
119 Closed Sales  (Jun 125)
Average Sale Price for July: $1,029,100 (Jun $1,035,500)
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.
15 Days on the Market   (Jun 18)

Market Activity ~ Aug 8-14, 2022

Last week Lake Oswego saw 17 properties enter the market, 20 move to Pending status, and 12 Sold/Closed. Right now there are 245 homes available in Lake Oswego ranging from $245,000 to $11.5 mil.

Here is the breakdown:

NEW Aug 8-14, 2022

AddressList PriceBedsBathsSFProp Type
40 CRESTFIELD CT / Upper$200,00011690CONDO
4 TOUCHSTONE #95$219,90022984CONDO
45 OSWEGO SMT / Lower$240,00011764CONDO
86 KINGSGATE RD #63$370,00022849CONDO
605 ASH ST$625,000321528DETACHD
5297 CENTERWOOD ST$655,000321746DETACHD
18585 KRISTI WAY$730,000321266DETACHD
18040 BELMORE AVE$749,900322077DETACHD
19395 35TH CT$849,900332385DETACHD
18591 WAXWING WAY$885,00032.12145DETACHD
7200 CHILDS RD$950,000442660DETACHD
5490 ROYAL OAKS DR$967,500321768DETACHD
17377 MARJORIE AVE$995,000432651DETACHD
17244 FERNWOOD DR$1,150,00042.12617DETACHD
5677 CHARLES CIR$1,225,00042.12962DETACHD
5904 BAY POINT DR$1,250,00052.13433DETACHD
890 C AVE$1,275,00032.12596DETACHD

PENDING Aug 8-14, 2022

AddressList PriceBedsBathsTotal SFProp TypeDays
100 KERR PKWY #54$187,90011617CONDO94
40 CRESTFIELD CT$200,00011690CONDO2
47 EAGLE CREST DR #24$224,90011672CONDO41
45 EAGLE CREST DR #415$240,00021.11056CONDO45
122 OSWEGO SMT$243,33011764CONDO7
200 BURNHAM RD #405$380,000221328CONDO7
3930 CARMAN DR$439,00022.11146CONDO29
4 SUMMIT RIDGE CT$499,90022.11576ATTACHD4
6240 BURMA RD$599,900321724DETACHD64
5788 SW LANGFORD LN$650,000221598DETACHD14
15 MASARYK ST$675,000433864DETACHD31
5272 TREE ST$799,900331948DETACHD4
17721 OVERLOOK CIR$890,00042.13172DETACHD12
63 TOUCHSTONE$899,900433088DETACHD21
17095 REBECCA LN$925,000332379DETACHD7
14 CHURCHILL DOWNS$989,000322062DETACHD5
327 3RD ST$999,00033.12123ATTACHD4
17244 FERNWOOD DR$1,150,00042.12617DETACHD2
2600 DELLWOOD DR$1,599,900433690DETACHD314
17527 KELOK RD$2,150,000334664DETACHD10

SOLD Aug 8-14, 2022

AddressOpeningClosedBedsBathsSFProp TypeDays
61 CHURCH ST$240,000$247,00021.11040ATTACHD3
4000 CARMAN DR #35$300,000$300,00022869CONDO5
47 EAGLE CREST DRb #53$299,000$302,500311024CONDO10
16250 PACIFIC HWYb #69$387,000$387,000221328CONDO5
13880 SUNDELEAF DR$425,000$440,000211048DETACHD3
1 ADAMS CT$550,000$580,000221456DETACHD4
700 LIVINGOOD LN$799,950$770,00042.12692DETACHD9
2020 WEMBLEY PARK RD$775,000$810,200321712DETACHD4
17755 OVERLOOK LN$1,100,000$1,170,00042.13198DETACHD6
13300 FOX RUN$1,495,000$1,200,00042.13234DETACHD74
873 COUNTRY COMMONS$1,295,000$1,220,000433609DETACHD60
14013 EDENBERRY CT$1,495,000$1,565,00042.13673DETACHD3
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 (***We’ve used “Days” in each category for ease of understanding) .

This Week in Lake Oswego


This Week in Lake Oswego

Here are my picks for what to do this week in Lake Oswego, either online or in person:

Mon, Aug 8, 2022 – 6:30PM– Planning Commission (Zoom) ~ Learn what development is on the agenda in Lake Oswego –  More Info & Registration:  CLICK HERE

Tues, Aug 9, 2022 – 2:30PM-4:30PM – Slow Jam ~ This is an open jam to get together with other local musicians and enjoy playing music! ACC,  505 G Avenue – More Info & Registration:  CLICK HERE

Wed, Aug 10, 2022 – 6:30PM-8:30PM Precious Byrd / Concert Series~  Enjoy the summertime in Westlake Park with friends & family & this fabulous band of renown musicians featuring fresh renditions of modern and classic hits as well as original music.  More Info & Registration:  CLICK HERE

Thurs, Aug 11, 2022 – 7:00PM-10:45PM“Sing” – Movies in the Park ~ Bring your low sand chairs, blankets & pillows for an evening of fun. At 7PM Little Gym sponsors balloon twisting, face painting and more! ~ Westlake Park – More Info :  CLICK HERE

Fri, Aug 12, 2022 – 7:00-8:00PM – Introduction to Investment Clubs (Zoom)~ Learn more about Investment Clubs, how they form & operate, from John Radford, President / Chairman of the Better Investing Portland Chapter. – More Info & Registration: CLICK HERE

Sat, Aug 13, 2022 – 8:30AM-1:30PMLake Oswego Farmers Market- This is a must-go event every Saturday in the season. Enjoy local foods, arts, crafts, and so much more! Millenium Plaza Park- More Info :  CLICK HERE

Sun, Aug 14, 2022 – From Tuesday, March 1 – 2:00PM – Sunday Supper Club~ Just for fun! Meet at Dang Thai this month and enjoy new & old friends along with fabulous dining. ~   670 N State Street – More Info : CLICK HERE

Market Activity ~ July 25-31, 2022

Last week Lake Oswego saw 17 properties enter the market, 16 move to Pending status and 13 Sold/Closed. Right now there are 126 properties ranging from $188,000 to $11.5 Mil.

Here is the breakdown:

NEW July 25-31, 2022

AddressList PriceBedsBathsSFProp Type
5055 FOOTHILLS DR #79$429,900321252CONDO
5788 SW LANGFORD LN$650,000221598DETACHD
13371 PETERS RD$775,00032.12295DETACHD
18690 WOOD DUCK WAY$775,000321895DETACHD
439 LIVINGOOD LN$814,00032.12540DETACHD
17721 OVERLOOK CIR$890,00042.13172DETACHD
39 TANGLEWOOD DR$899,000433167DETACHD
2711 Greentree RD$969,900433241DETACHD
346 LAKE BAY CT$1,075,00042.11900DETACHD
18010 GIMLEY CT$1,200,00053.13652DETACHD
165 FURNACE ST, Grnd$1,299,99922.12023CONDO
4360 WEST BAY RD$1,300,000432636DETACHD
17291 CEDAR RD$1,650,00054.12872DETACHD
15791 TWIN FIR RD$2,095,00043.14035DETACHD
1131 NORTHSHORE RD$2,100,000433850DETACHD
162 BERWICK RD$3,295,00044.14657DETACHD
13151 THOMA RD$4,500,00055.15461DETACHD

PENDING July 25-31, 2022

AddressList PriceBedsBathsSFProp TypeDays
61 CHURCH ST$240,00021.11040ATTACHD3
3822 BOTTICELLI ST$344,900321171CONDO5
289 CERVANTES$563,00032.11406ATTACHD4
4268 WOODSIDE CIR$589,900421944ATTACHD33
16532 SW Mellon AVE$625,00041.11760DETACHD5
18690 WOOD DUCK WAY$775,000321895DETACHD0
16875 FERNWOOD DR$780,000422460DETACHD28
12562 SW ORCHARD HILL RD$937,00042.12574DETACHD5
2777 GLEN HAVEN RD$1,200,00032.12560DETACHD52
11 DA VINCI ST$1,295,00053.13770DETACHD46
14383 FOSBERG RD$1,995,00043.14543DETACHD79
15868 PARKER RD$2,100,00053.13679DETACHD33
1131 NORTHSHORE RD$2,100,000433850DETACHD2
1250 SW Englewood DR$2,499,00033.15097DETACHD11
4929 Park Bluff PL$2,600,00043.14067DETACHD
2493 SOUTHSHORE BLVD$3,200,00065.17561DETACHD292

SOLD July 25-31, 2022

AddressOpeningClosedBedsBathsSFProp TypeDays
12868 BOONES FERRY RD$495,000$500,00022.11136CONDO18
885 MCVEY AVE$569,000$570,000311341DETACHD19
1561 WOODLAND TER$825,000$790,00032.12184DETACHD16
13160 PRINCETON CT$949,000$825,00042.13252DETACHD42
4965 MULHOLLAND DR$775,000$827,50022.12468ATTACHD2
1841 CLOVERLEAF RD$825,000$832,000532190DETACHD5
29 DEL PRADO ST$1,050,000$1,044,000423037DETACHD12
2964 OVERLOOK DR$1,200,000$1,060,00052.13731DETACHD30
7 SCARBOROUGH DR$1,150,000$1,250,00042.13314DETACHD1
1025 SCHUKART LN$2,050,000$1,795,000434233DETACHD44
3001 WESTVIEW CT$1,850,000$1,805,00043.14317DETACHD26
697 LAKE BAY CT$2,595,000$2,150,00044.13715DETACHD37
720 6TH ST$2,300,000$2,200,00043.14601DETACHD11
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 (***We’ve used “Days” in each category for ease of understanding) .

Portland Real Estate Stats + LO ~ June 2022

Overview/Fluctuations ~ Market Data:
We are seeing the effects of interest rate increases in the Portland market. Gresham, Milwaukie, Oregon City and Tigard are holding their own as competitive for Buyers. The rest of the areas of Portland saw Buyers putting their collective foot down as evidenced by the Average Sale Prices compared with the previous month. We call this stabilization, so it’s actually a good thing. Inventory is rising to almost 2020 levels at 1.4 months, but 2018 was 2.1 months inventory and 2019 was 2.4 months, so you can see we’ve got a way to go before we’re back to those levels. Rates: Right now I’m told rates for primary/owner-occupied are at around 6.1% with great credit, utilizing a discount point and putting 20% down.

According to the RMLS Market Action Report  for the Portland Metro Area-June 2022:

  • There were 4,295 New Listings in June 2022, which was down only slightly from June  2021’s 4,298, and up 11.5% from the previous month/May’s 3,853.
  • At 2,893 June 2022’s Closed Sales (Solds) are down 16.8% from June 2021’s 3,477, and down 0.8% from the previous month/May 2022’s total of 2,916
  • At 2,563 June 2022’s Pending Sales (accepted Offers) are down 27.5% from June 2021’s 3,534, and also down 17.9% from the previous month/May 2022’s total of 3,122.
  • The Average Sale Price in June 2022 of, $633,300 is up $36,200 from last year/June 2021’s $597,100, and down $16,300 from the previous month/May’s $649,600.  
  • The “Median” Sale Price”  (the price smack dab in the middle of all sales) in June 2022 of $570,000 rose from last year/June 2021’s $521,000 by $49,000, and is down $5,000 from the previous month’s $575,000.

LAKE OSWEGO:

171 Active Listings (May 137)
198 New Listings  (May 193)
143 Pending Sales (May 153)
125 Closed Sales  (May 146)
Average Sale Price for May: $1,035,500 (May $1,028,600)
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.
18 Days on the Market   (May 19)