Linda Rossi – Property Blotter

September 30, 2022September 30, 2022

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

Address	List Price	Beds	Baths	SF	Prop Type
45 EAGLE CREST DR #208	$249,900	2	2	1046	CONDO
246 RIDGEWAY RD #17B	$344,000	1	1	753	CONDO
11 SUMMIT RIDGE CT	$475,000	2	2.1	1576	ATTACHD
1172 BOCA RATAN DR	$580,000	3	2	1611	ATTACHD
4724 LAMONT CT	$649,000	3	2	1698	DETACHD
72 TOUCHSTONE	$929,900	4	3	3908	DETACHD
4744 CAMBRIDGE CT	$985,000	3	2.1	2856	ATTACHD
17423 SCHALIT WAY	$998,900	4	2.1	2442	DETACHD
842 6TH ST	$1,850,000	4	3.1	3840	DETACHD

PENDING Sept 19-25, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
900 CORNELL ST	$495,000	3	1.1	1300	DETACHD	4
256 CERVANTES	$539,900	2	2.1	1984	ATTACHD	158
918 LAKE FRONT RD	$650,000	2	1	921	DETACHD	11
5429 KENNY ST	$695,000	3	2	1584	DETACHD	61
1695 HALLINAN ST	$699,900	4	3	2763	DETACHD	96
15443 SW MEADOWLARK CT	$749,999	3	2	1895	DETACHD	17
2711 Greentree RD	$919,900	4	3	3241	DETACHD	59
4744 CAMBRIDGE CT	$985,000	3	2.1	2856	ATTACHD	2
18010 GIMLEY CT	$1,090,000	5	3.1	3652	DETACHD	53
13615 WESTLAKE DR	$1,550,000	4	4.1	4396	DETACHD	85
2485 GREENTREE RD	$2,350,000	4	4	3853	DETACHD	21
18735 BRYANT RD	$2,495,000	4	3.1	5544	DETACHD	118
1287 CHERRY LN	$2,999,900	5	4.1	5312	DETACHD	4

SOLD Sept 19-25, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
360 CERVANTES CIR	$240,000	$240,000	2	1	832	CONDO	19
1000 BICKNER ST	$635,000	$635,000	3	2.1	1988	DETACHD	2
1620 ASPEN ST	$785,000	$825,000	4	3	2284	DETACHD	7
12886 SIERRA CT	$1,085,000	$1,125,000	4	3	3188	DETACHD	3
542 4TH ST	$1,549,000	$1,525,000	4	4.2	3376	ATTACHD	3

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) .

September 18, 2022September 18, 2022

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)

September 15, 2022September 15, 2022

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

Address	List Price	Beds	Baths	SF	Prop Type
113 TOUCHSTONE TER	$510,000	3	2.1	2104	ATTACHD
1272 HIDE A WAY CT	$549,000	4	2	1816	DETACHD
30 GREENRIDGE CT	$550,000	3	1.1	1928	ATTACHD
5850 KENNY ST	$589,000	2	2	1172	DETACHD
8 MOUNTAIN CIR	$629,000	3	2	1316	ATTACHD
1130 HALLINAN CT	$650,000	3	2	1463	DETACHD
32 INDEPENDENCE AVE	$740,000	4	3.1	3420	DETACHD
7 SPINOSA	$769,900	3	3	2295	DETACHD
2050 SOUTHSHORE BLVD	$780,000	3	2.1	1629	DETACHD
1310 LEE ST	$789,900	3	2	2344	DETACHD
4361 ALBERT CIR	$919,000	4	2.1	2382	DETACHD
674 1ST ST	$1,074,000	2	2.1	2147	CONDO
2050 WEMBLEY PARK RD	$1,099,500	4	2	1868	DETACHD
4051 VIRGINIA WAY	$1,100,000	4	2	1903	DETACHD
171 5TH ST	$1,368,000	4	2	2367	DETACHD
178 PINE VALLEY RD	$1,595,000	5	3.1	3001	DETACHD
18975 OLSON AVE	$1,850,000	5	3	3569	DETACHD
3900 CANAL RD	$1,990,000	4	3.1	4934	DETACHD
17688 UPPER CHERRY LN	$2,850,000	4	3.1	5040	DETACHD
890 Lake Shore RD	$3,450,000	3	3.1	3555	DETACHD
2643 SOUTHSHORE BLVD	$3,895,000	3	3.2	4872	DETACHD
1098 CHANDLER RD	$3,995,000	4	3.1	4003	DETACHD
1425 CHANDLER RD	$4,800,000	5	5.1	5692	DETACHD
1475 SKYLAND DR	$6,750,000	5	6.2	8986	DETACHD

PENDING Sept 5-11, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
16074 LAKE FOREST BLVD	$559,950	3	2	1354	DETACHD	34
1 ORIOLE LN	$585,000	3	2.1	2317	DETACHD	101
6 ADAMS CT	$665,000	3	2	1549	DETACHD	83
1250 HALLINAN CIR	$749,950	4	3	2168	DETACHD	57
1475 CORNELL ST	$799,000	3	2	1599	DETACHD	7
38 MORNINGVIEW CIR	$825,000	4	3	2408	DETACHD	9
4264 HARVEY WAY	$895,000	4	3	2728	DETACHD	36
2775 VALE CT	$949,950	4	2.1	2805	DETACHD	97
4137 ORCHARD WAY	$1,175,000	5	2.1	3680	DETACHD	15
13248 ROGERS RD	$1,195,000	5	3.1	3107	DETACHD	87
15784 TWIN FIR RD	$2,200,000	3	2.1	3471	DETACHD	20
961 LAKE FRONT RD	$4,895,000	3	3.1	4998	DETACHD	59

SOLD Sept 5-11, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
47 EAGLE CREST DR #24	$224,900	$215,000	1	1	672	CONDO	7
122 OSWEGO SMT / main	$235,000	$251,330	1	1	764	CONDO	22
200 BURNHAM RD #405	$380,000	$382,500	2	2	1328	CONDO	22
12822 BOONES FERRY RD	$479,900	$455,000	2	2.1	1136	CONDO	41
6240 BURMA RD	$647,500	$627,500	3	2	1724	DETACHD	6
5297 CENTERWOOD ST	$655,000	$665,000	3	2	1746	DETACHD	7
5 PARTRIDGE LN	$779,000	$672,000	3	2.1	2794	DETACHD	5
5840 BURMA RD	$829,000	$818,000	4	2	1632	DETACHD	19
12562 SW ORCHARD HILL RD	$937,000	$925,000	4	2.1	2574	DETACHD	292
19 TOUCHSTONE	$899,000	$925,000	4	3	2789	DETACHD	25
33 WESTRIDGE DR	$1,150,000	$1,250,000	5	3.1	3864	DETACHD	11
5014 UPPER DR	$1,399,900	$1,365,000	5	3	3416	DETACHD	44
1991 RIDGEWOOD RD	$1,550,000	$1,450,000	4	2.2	4993	DETACHD	3
1250 SW Englewood DR	$2,499,000	$2,499,000	3	3.1	5097	DETACHD	70
2493 SOUTHSHORE BLVD	$3,699,000	$3,000,000	6	5.1	7561	DETACHD	64
162 BERWICK RD	$3,295,000	$3,147,500	4	4.1	4657	DETACHD	0

September 4, 2022

Time to Celebrate!!!

You work hard. Enjoy this Labor Day weekend! You are appreciated.

September 3, 2022September 9, 2022

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

Address	List Price	Beds	Baths	SF	Prop Type
360 CERVANTES CIR	$240,000	2	1	832	CONDO
4266 WOODSIDE CIR	$519,999	4	2	1944	ATTACHD
136 TOUCHSTONE TER	$630,000	3	2.1	1996	DETACHD
10 MOUNTAIN CIR	$639,000	3	2	1434	ATTACHD
18 PARTRIDGE LN	$780,000	4	3	3145	DETACHD
1620 ASPEN ST	$785,000	4	3	2284	DETACHD
1202 SPRUCE ST	$850,000	2	2.1	1706	DETACHD
4137 ORCHARD WAY	$1,175,000	5	2.1	3680	DETACHD
5786 WASHINGTON CT	$1,199,000	4	3	3186	DETACHD
4410 LORDS LN	$1,485,000	5	3.1	3499	DETACHD
1261 WELLS ST	$1,750,000	4	3.1	4316	DETACHD
17261 KELOK RD	$2,000,000	4	3.1	3450	DETACHD
718 MAPLE ST	$2,295,000	3	2.1	4023	DETACHD
17226 CHAPIN WAY	$2,600,000	4	3.1	4930	DETACHD

PENDING Aug 22-28, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
200 BURNHAM RD #103	$425,900	1	1	765	CONDO	11
20 WHEATHERSTONE	$479,900	3	2.1	1692	CONDO	7
14402 SHERBROOK PL	$649,999	3	2.1	1976	DETACHD	7
1620 ASPEN ST	$785,000	4	3	2284	DETACHD	3
7200 CHILDS RD	$950,000	4	4	2660	DETACHD	11
890 C AVE	$1,275,000	3	2.1	2596	DETACHD	11
13504 STREAMSIDE DR	$1,279,000	4	2.1	3486	DETACHD	72
542 4TH ST	$1,549,000	4	4.2	3376	ATTACHD	19
1991 RIDGEWOOD RD	$1,550,000	4	2.2	4993	DETACHD	19
17226 CHAPIN WAY	$2,600,000	4	3.1	4930	DETACHD	1
707 LAKE SHORE RD	$2,950,000	3	3.1	2992	DETACHD	64

SOLD Aug 22-28, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
4405 THUNDER VISTA LN	$467,500	$435,000	2	2.1	1922	CONDO	92
5054 FOOTHILLS DR, #70F	$485,000	$448,000	2	2	1252	CONDO	24
4268 WOODSIDE CIR	$589,900	$560,000	4	2	1944	ATTACHD	33
5342 RED LEAF ST	$599,000	$570,000	3	2.1	1710	DETACHD	29
16532 SW Mellon AVE	$625,000	$625,000	4	1.1	1760	DETACHD	5
14332 SHERBROOK PL	$689,900	$645,000	3	2.1	1770	DETACHD	18
1765 CONIFER DR	$785,000	$749,000	4	2	2334	DETACHD	16
39 TANGLEWOOD DR	$899,000	$922,000	4	3	3167	DETACHD	4
347 6TH ST	$1,050,000	$1,175,000	3	3.1	2360	ATTACHD	3
14760 UPLANDS DR	$999,000	$1,200,000	4	3	2772	DETACHD	6
1455 NELSON CT	$1,149,000	$1,245,000	4	2.1	2210	DETACHD	14
3151 ALBER SPRING CT	$1,375,000	$1,400,000	5	3.1	3917	DETACHD	1
1839 PALISADES LAKE CT	$1,599,900	$1,500,000	4	3.1	4570	DETACHD	43
13740 KNAUS RD	$1,895,000	$1,845,000	4	3.1	4459	DETACHD	36
17261 KELOK RD	$2,000,000	$2,000,000	4	3.1	3450	DETACHD	0
2088 CREST DR	$7,250,000	$6,900,000	4	6.1	8259	DETACHD	80

August 21, 2022September 18, 2022

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)

August 18, 2022September 9, 2022

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

Address	List Price	Beds	Baths	SF	Prop Type
40 CRESTFIELD CT / Upper	$200,000	1	1	690	CONDO
4 TOUCHSTONE #95	$219,900	2	2	984	CONDO
45 OSWEGO SMT / Lower	$240,000	1	1	764	CONDO
86 KINGSGATE RD #63	$370,000	2	2	849	CONDO
605 ASH ST	$625,000	3	2	1528	DETACHD
5297 CENTERWOOD ST	$655,000	3	2	1746	DETACHD
18585 KRISTI WAY	$730,000	3	2	1266	DETACHD
18040 BELMORE AVE	$749,900	3	2	2077	DETACHD
19395 35TH CT	$849,900	3	3	2385	DETACHD
18591 WAXWING WAY	$885,000	3	2.1	2145	DETACHD
7200 CHILDS RD	$950,000	4	4	2660	DETACHD
5490 ROYAL OAKS DR	$967,500	3	2	1768	DETACHD
17377 MARJORIE AVE	$995,000	4	3	2651	DETACHD
17244 FERNWOOD DR	$1,150,000	4	2.1	2617	DETACHD
5677 CHARLES CIR	$1,225,000	4	2.1	2962	DETACHD
5904 BAY POINT DR	$1,250,000	5	2.1	3433	DETACHD
890 C AVE	$1,275,000	3	2.1	2596	DETACHD

PENDING Aug 8-14, 2022

Address	List Price	Beds	Baths	Total SF	Prop Type	Days
100 KERR PKWY #54	$187,900	1	1	617	CONDO	94
40 CRESTFIELD CT	$200,000	1	1	690	CONDO	2
47 EAGLE CREST DR #24	$224,900	1	1	672	CONDO	41
45 EAGLE CREST DR #415	$240,000	2	1.1	1056	CONDO	45
122 OSWEGO SMT	$243,330	1	1	764	CONDO	7
200 BURNHAM RD #405	$380,000	2	2	1328	CONDO	7
3930 CARMAN DR	$439,000	2	2.1	1146	CONDO	29
4 SUMMIT RIDGE CT	$499,900	2	2.1	1576	ATTACHD	4
6240 BURMA RD	$599,900	3	2	1724	DETACHD	64
5788 SW LANGFORD LN	$650,000	2	2	1598	DETACHD	14
15 MASARYK ST	$675,000	4	3	3864	DETACHD	31
5272 TREE ST	$799,900	3	3	1948	DETACHD	4
17721 OVERLOOK CIR	$890,000	4	2.1	3172	DETACHD	12
63 TOUCHSTONE	$899,900	4	3	3088	DETACHD	21
17095 REBECCA LN	$925,000	3	3	2379	DETACHD	7
14 CHURCHILL DOWNS	$989,000	3	2	2062	DETACHD	5
327 3RD ST	$999,000	3	3.1	2123	ATTACHD	4
17244 FERNWOOD DR	$1,150,000	4	2.1	2617	DETACHD	2
2600 DELLWOOD DR	$1,599,900	4	3	3690	DETACHD	314
17527 KELOK RD	$2,150,000	3	3	4664	DETACHD	10

SOLD Aug 8-14, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
61 CHURCH ST	$240,000	$247,000	2	1.1	1040	ATTACHD	3
4000 CARMAN DR #35	$300,000	$300,000	2	2	869	CONDO	5
47 EAGLE CREST DRb #53	$299,000	$302,500	3	1	1024	CONDO	10
16250 PACIFIC HWYb #69	$387,000	$387,000	2	2	1328	CONDO	5
13880 SUNDELEAF DR	$425,000	$440,000	2	1	1048	DETACHD	3
1 ADAMS CT	$550,000	$580,000	2	2	1456	DETACHD	4
700 LIVINGOOD LN	$799,950	$770,000	4	2.1	2692	DETACHD	9
2020 WEMBLEY PARK RD	$775,000	$810,200	3	2	1712	DETACHD	4
17755 OVERLOOK LN	$1,100,000	$1,170,000	4	2.1	3198	DETACHD	6
13300 FOX RUN	$1,495,000	$1,200,000	4	2.1	3234	DETACHD	74
873 COUNTRY COMMONS	$1,295,000	$1,220,000	4	3	3609	DETACHD	60
14013 EDENBERRY CT	$1,495,000	$1,565,000	4	2.1	3673	DETACHD	3

August 7, 2022August 8, 2022

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-1:30PM– Lake 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

August 3, 2022

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

Address	List Price	Beds	Baths	SF	Prop Type
5055 FOOTHILLS DR #79	$429,900	3	2	1252	CONDO
5788 SW LANGFORD LN	$650,000	2	2	1598	DETACHD
13371 PETERS RD	$775,000	3	2.1	2295	DETACHD
18690 WOOD DUCK WAY	$775,000	3	2	1895	DETACHD
439 LIVINGOOD LN	$814,000	3	2.1	2540	DETACHD
17721 OVERLOOK CIR	$890,000	4	2.1	3172	DETACHD
39 TANGLEWOOD DR	$899,000	4	3	3167	DETACHD
2711 Greentree RD	$969,900	4	3	3241	DETACHD
346 LAKE BAY CT	$1,075,000	4	2.1	1900	DETACHD
18010 GIMLEY CT	$1,200,000	5	3.1	3652	DETACHD
165 FURNACE ST, Grnd	$1,299,999	2	2.1	2023	CONDO
4360 WEST BAY RD	$1,300,000	4	3	2636	DETACHD
17291 CEDAR RD	$1,650,000	5	4.1	2872	DETACHD
15791 TWIN FIR RD	$2,095,000	4	3.1	4035	DETACHD
1131 NORTHSHORE RD	$2,100,000	4	3	3850	DETACHD
162 BERWICK RD	$3,295,000	4	4.1	4657	DETACHD
13151 THOMA RD	$4,500,000	5	5.1	5461	DETACHD

PENDING July 25-31, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
61 CHURCH ST	$240,000	2	1.1	1040	ATTACHD	3
3822 BOTTICELLI ST	$344,900	3	2	1171	CONDO	5
289 CERVANTES	$563,000	3	2.1	1406	ATTACHD	4
4268 WOODSIDE CIR	$589,900	4	2	1944	ATTACHD	33
16532 SW Mellon AVE	$625,000	4	1.1	1760	DETACHD	5
18690 WOOD DUCK WAY	$775,000	3	2	1895	DETACHD	0
16875 FERNWOOD DR	$780,000	4	2	2460	DETACHD	28
12562 SW ORCHARD HILL RD	$937,000	4	2.1	2574	DETACHD	5
2777 GLEN HAVEN RD	$1,200,000	3	2.1	2560	DETACHD	52
11 DA VINCI ST	$1,295,000	5	3.1	3770	DETACHD	46
14383 FOSBERG RD	$1,995,000	4	3.1	4543	DETACHD	79
15868 PARKER RD	$2,100,000	5	3.1	3679	DETACHD	33
1131 NORTHSHORE RD	$2,100,000	4	3	3850	DETACHD	2
1250 SW Englewood DR	$2,499,000	3	3.1	5097	DETACHD	11
4929 Park Bluff PL	$2,600,000	4	3.1	4067	DETACHD
2493 SOUTHSHORE BLVD	$3,200,000	6	5.1	7561	DETACHD	292

SOLD July 25-31, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
12868 BOONES FERRY RD	$495,000	$500,000	2	2.1	1136	CONDO	18
885 MCVEY AVE	$569,000	$570,000	3	1	1341	DETACHD	19
1561 WOODLAND TER	$825,000	$790,000	3	2.1	2184	DETACHD	16
13160 PRINCETON CT	$949,000	$825,000	4	2.1	3252	DETACHD	42
4965 MULHOLLAND DR	$775,000	$827,500	2	2.1	2468	ATTACHD	2
1841 CLOVERLEAF RD	$825,000	$832,000	5	3	2190	DETACHD	5
29 DEL PRADO ST	$1,050,000	$1,044,000	4	2	3037	DETACHD	12
2964 OVERLOOK DR	$1,200,000	$1,060,000	5	2.1	3731	DETACHD	30
7 SCARBOROUGH DR	$1,150,000	$1,250,000	4	2.1	3314	DETACHD	1
1025 SCHUKART LN	$2,050,000	$1,795,000	4	3	4233	DETACHD	44
3001 WESTVIEW CT	$1,850,000	$1,805,000	4	3.1	4317	DETACHD	26
697 LAKE BAY CT	$2,595,000	$2,150,000	4	4.1	3715	DETACHD	37
720 6TH ST	$2,300,000	$2,200,000	4	3.1	4601	DETACHD	11

July 24, 2022July 25, 2022

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)