Property Blotter

December 20, 2024

Market Activity Dec 9-15, 2024

Real estate activity last week was pretty strong. Here we are, 2 weeks before Christmas, and 7 houses were listed for sale. One of those sold quickly and appears in this report as a pending sale. 12 houses moved to pending status and 13 properties closed escrow and officially sold. That feels like pretty strong activity for this time of year.

See below for RMLS data.

New Listings Dec 9-15, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet
47 Eagle Crest Dr #48	Condo	$220,000	1	1	696
5062 Foothills Dr A	Condo	$410,000	1	1.5	1252
1674 Fircrest Dr	Detached	$839,900	4	2	1998
1951 Greentree Rd	Detached	$1,199,000	3	3	2449
2160 Crest Dr	Detached	$1,295,000	4	2	2690
720 Kenola Ct	Detached	$1,495,000	3	3.5	3727

Pending Sales Dec 9-15, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
100 Kerr Pkwy #40	Condo	$250,000	2	1.5	823	3
4047 Jefferson Pkwy	Attached	$359,900	3	2.5	1259	2
3962 Carman Dr	Condo	$380,000	2	2.5	1129	156
5050 Lower Dr	Detached	$699,000	3	2.5	1278	31
5722 Fernbrook Way	Detached	$699,000	3	2	1580	39
1621 Larch St	Detached	$745,000	4	2.5	3040	60
1560 Cherry Crest Ave	Detached	$789,000	3	2.5	1808	53
580 8th St	Detached	$1,495,000	3	3	1788	88
19177 Hill Top Rd	Detached	$1,799,900	5	3.5	5168	138
3096 Wembley Park Rd	Detached	$2,200,000	5	4	4165	88
1720 Fernwood Dr	Detached	$2,249,900	4	4	3853	172
3876 Lake Grove Ave	Detached	$2,395,000	5	3.5	4205	211

Sold Closed Dec 9-15, 2024

Address	Type	List Price	Sold Price	Sq Feet	CDOM
29 Oswego Summit	Condo	$209,000	$209,000	669	49
16250 Pacific Hwy #71	Condo	$299,000	$258,800	1305	543
4 Touchstone #126	Condo	$272,900	$268,900	984	0
25 Crestfield Ct	Condo	$314,900	$289,900	995	42
146 Oswego	Condo	$327,000	$309,900	1212	212
16200 Pacific Hwy #2	Condo	$525,000	$500,000	1190	54
5320 Chinook Ct	Detached	$575,000	$560,000	1008	97
5132 Timbergrove St	Detached	$610,000	$612,000	1439	2
4582 Trillium Woods	Attached	$849,900	$790,000	1927	25
1327 Cedar St	Detached	$964,900	$790,000	1927	5
17644 Tree Top Ln	Detached	$1,250,000	$1,056,000	4240	123
14186 Kimberly Cir	Detached	$1,150,000	$1,100,000	3226	35
2800 Wembley Park Rd	Detached	$2,600,000	$2,971,457	4538	0

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

December 15, 2024December 16, 2024

Portland Area Nov 2024 Stats + LO

Here is your breakdown from the previous month, November, for Portland and surrounding areas including LO broken out at the bottom. ***Be sure to check out the Neighborhood Report which categorizes down into smaller pieces.

The Holiday are here and while things naturally slow down a bit, there is plenty going on! Little has changed in the most active price ranges being pursued, and West Portland seems to be the winner so far in overall Price/Value. Inventory rose slightly, and we’re waiting on news from the Fed this week to see if they lower rates.

Rates: “Rates are now hovering around the 6.0% to 5.999% range, depending on score and down payment. The markets are expecting the Fed to cut the Fed Funds Discount Rate by another .25% at this week’s meeting.” Gretchen Russell, Senior Mortgage Consultant, Two Rivers Mortgage

According to the RMLS Market Action Report for the Portland Metro Area November 2024:

There were 1,459 New Listings in November which decreased 20.2% from the 1,828 in Nov 2023 and down 36.1% from the 2,283 in the previous month/Oct.
At 1,681 Nov 2024’s Closed Sales (Solds) are up 25.1% from Nov 2023’s 1,344 and down 14.9% from the previous month’s total of 1,975.
At 1,582 Nov 2024’s Pending Sales (Accepted Offers) are up 9.8% from Nov 2023’s 1,441, and decreased 21.6% from the previous month/Oct’s total of 2,018.
The Average Sale Price for November 2024 of, $615,700 is up$19,600. from last year/Nov $596,100, and up $11,500 from the previous month/Oct’s $604,200.
The “Median Sale Price (the price smack dab in the middle of all sales) in Nov 2024 of $535,000 is up by $7,400 from Nov 2023’s $527,600, and down $5,000 from Oct’s $540,000.

LAKE OSWEGO: (Month of November ’24)

253 Active Listings (Oct 305)
63 New Listings (Oct 108)
72 Pending Sales (Oct 90)
79 Closed Sales (Oct 93)
Average Sale Price for Nov: $1,044,400 (Oct $1,103,400)
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.
79 Days on the Market (Oct 67)

The data listed above is as reported by the Regional Multiple Listing Service (RMLS)

December 13, 2024December 13, 2024

Market Activity ~ Dec 2-8, 2024

Hello Property Blotter Readers! Well, there’s a chill in the air & holiday season is in full swing, but when housing is an issue, that doesn’t stop anyone. Last week Lake Owego saw 9 properties enter the market (New), 13 Offers accepted (Pending) and 10 that Sold/Closed. Right now there are 167 lovely homes available ranging from $190,000 to $8,800,000.

Here is the breakdown:

NEW Dec 2-8, 2024

Address	List Price	Beds	Baths	SF	Prop Type
47 EAGLE CREST DR #42	$295,000	2	1	932	CONDO
302 LAUREL ST	$799,000	3	2	1988	DETACHD
5759 WASHINGTON CT	$1,195,000	4	2.1	2343	DETACHD
1202 Cedar ST	$1,575,000	3	3.1	2748	DETACHD
3485 UPPER DR	$1,575,000	4	2.1	3334	DETACHD
1214 Cedar ST	$1,695,000	4	3.1	3193	DETACHD
13636 GOODALL RD	$2,588,000	4	4.1	4497	DETACHD
1870 EGAN WAY	$3,695,000	4	4.1	4644	DETACHD
693 TERRACE DR	$3,850,000	4	3.1	3297	DETACHD

PENDING Dec 2-8, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
154 Oswego Summit #22	$299,900	2	2	1506	CONDO	139
317 CERVANTES / Grnd	$359,000	2	2	1209	CONDO	85
3926 CARMAN DR	$390,000	2	2.1	1259	CONDO	223
5058 FOOTHILLS DR, F	$414,800	2	2	1370	CONDO	51
1349 BONNIEBRAE DR	$479,000	3	1.1	1303	ATTACHD	33
1 WALKING WOODS DR	$500,000	3	2.1	2264	DETACHD	8
1819 BOCA RATAN DR	$589,900	3	2	1583	ATTACHD	58
16643 SW ROOSEVELT AVE	$650,000	4	2	2222	DETACHD	44
17802 HILLSIDE WAY	$929,000	4	2.1	3004	DETACHD	190
1830 CLOVERLEAF RD	$1,160,000	3	2.1	1879	DETACHD	125
5759 WASHINGTON CT	$1,195,000	4	2.1	2343	DETACHD	3
17522 BRYANT RD	$1,795,000	4	4	3616	DETACHD	57
553 6TH ST	$2,325,000	4	3.1	3605	DETACHD	36

SOLD Dec 2-8, 2024

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
4 Touchstone #110	$270,000	$275,000	2	2	989	CONDO	6
4055 JEFFERSON PKWY	$379,900	$329,000	2	2.1	1210	CONDO	46
2818 POPLAR WAY	$650,000	$562,000	3	1	1056	DETACHD	268
6238 McEwan RD	$595,000	$595,000	3	1	1170	DETACHD	23
10 GREENRIDGE CT	$630,000	$615,000	2	2	2063	ATTACHD	55
4737 Lakeview BLVD	$949,000	$926,000	4	2.1	2673	DETACHD	50
111 LADD ST	$1,250,000	$1,139,000	3	2.1	2303	DETACHD	46
16610 WOODSMAN CT	$1,475,000	$1,300,000	4	3	3462	DETACHD	112
5464 SOUTHWOOD DR	$1,450,000	$1,425,000	5	3	3687	DETACHD	16
3159 DOUGLAS CIR	$1,850,000	$1,765,000	6	4.1	4571	DETACHD	190

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) .

December 7, 2024

Toy Drive and Giving Options

All year around, less fortunate people need help from the community. I think of that Everclear song “I will buy you a new life” with the lyrics about a welfare Christmas. This is just a really rough time of year to be down on your luck. Because of this, there are some terrific community opportunities to make someone’s holidays just a bit brighter.

Annual Toy Drive

The Lake Oswego Fire Department is accepting new, unwrapped toys. Toys can be dropped off until December 11th at the main fire station (300 B Ave) or at the library (706 4th St). The toys are then distributed by the Tualatin Valley Elks Lodge.

Warm Clothing Drive

New coats, hats, gloves, and socks can be dropped off at the Adult Community Center (505 G Ave) or at the main fire station or the library until December 10th. They will be distributed by Bethlehem House of Bread in Tigard to local families.

Fleece

Organized by the City’s Youth Action Council, yards of new fleece are being collected to make blankets for the Clackamas Children’s Center. The fabric can be dropped off until December 10th at the Adult Community Center, the Library, or the Teen Lounge (1060 Chandler Rd). Donations need to be made by December 10th.

I am going to call out the obvious, these deadlines are right around the corner and timing is tight. If you miss a deadline, I have one more suggestion. This one is available year around.

Hunger Fighters Oregon

Located at 4 Monroe Parkway, Suite A, this non profit feeds those who are experiencing food insecurity in our community. Non-perishable food can literally be dropped of 24/7, 365 days of the year. They have a decent sized cupboard at the front entry that is secure from the weather. At this time of year, people come in hoping to find items to make a holiday meal. Think about what you prepare for your holiday meal. Is there a recipe that has ingredients that can be donated? I think of things like green bean casserole, canned ham, stuffing mix, a pie crust and pie filling. There are just so many foods that we enjoy at this time of year. If you want to donate a perishable item, that is also possible. You need to donate during hours that the pantry is open. Check their website for details by clicking here.

Thank you for helping those in need this holiday season.

Dianne

December 6, 2024

Market Activity Nov 25-Dec 1, 2024

Last week, being Thanksgiving week, the market was a bit slow. But even with that National holiday, the real estate market moved right along. In Lake Oswego last week there were 2 new listings, 8 properties that accepted contracts and went pending, and 8 that closed/sold.

See below for RMLS data.

New Listings Nov 25-Dec 1, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet
44 Eagle Crest Dr #13	Condo	$299,000	3	2	1085
18 Nansen Summit	Detached	$2,990,000	5	4.5	5429

Pending Sales Nov 25-Dec 1, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
100 Kerr Pkwy #54	Condo	$169,900	1	1	617	167
4 Touchstone #117	Condo	$269,000	2	2	984	85
123 Oswego Summit	Condo	$279,000	2	2	1212	131
4 Touchstone Dr 3147	Condo	$330,000	3	2.5	1351	81
5061 Foothills Dr B	Condo	$419,000	2	2	1077	26
1803 Boca Ratan Dr	Attached	$650,000	3	2.5	1780	18
1571 Bay View Ln	Detached	$1,199,000	3	2.5	2854	106
688 6th St	Detached	$2,335,000	4	2.5	2939	22

Sold/Closed Nov 25-Dec 1, 2024

Address	Type	List Price	Sold Price	Sq Feet	CDOM
1277 Hallinan Circle	Detached	$649,100	$610,000	1242	6
4261 Country Woods Ct	Detached	$725,000	$708,000	1608	18
23 Tanglewood Dr	Detached	$849,900	$785,000	2522	52
1471 Greentree Cir	Detached	$1,015,000	$867,000	2128	91
6080 Burma Rd	Detached	$1,400,000	$940,000	2134	107
3351 Fir Ridge Rd	Detached	$2,395,000	$1,750,000	4265	209
2121 Wembley Park Rd	Detached	$2,999,900	$2,599,900	5025	334
17575 Crestline Dr	Detached	$3,975,000	$3,750,000	7240	85

November 28, 2024

Happy Thanksgiving!!

From Dianne and I and our families to yours, we wish you a warm and satisfying celebration with your Loved ones. We all have so much to be thankful for… We’ll start: Dianne and I are thankful for you!

Enjoy.

~ Happy Thanksgiving ~

November 27, 2024November 27, 2024

Market Activity ~ Nov 18-24, 2024

Last week as we’re all getting ready for Thanksgiving festivities, there were also homes being Sold and being placed on the market! A total of 5 properties entered the market, 9 moved to Pending status, and 13 Closed/Sold. Right now there are 190 properties available ranging from $169,900 to $8,800,000.

Here is the breakdown:

NEW Nov 18-24, 2024

Address	List Price	Beds	Baths	SF	Prop Type
5053 FOOTHILLS DR, C	$395,000	$3	2	1252	CONDO
1 WALKING WOODS DR	$500,000	$3	2.1	2264	DETACHD
2820 DELLWOOD DR	$825,000	$3	2	2446	DETACHD
1463 GREENTREE CIR	$899,900	$4	2.1	2048	DETACHD
8 PIMLICO TER	$995,000	$5	3	3120	DETACHD

PENDING Nov 18-24, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
16643 SW ROOSEVELT AVE	$650,000	$4	2	2222	DETACHD	25
84 KINGSGATE RD	$689,900	$3	2.1	1701	DETACHD	121
4582 TRILLIUM WOODS	$799,000	$3	2.1	1927	ATTACHD	25
2820 DELLWOOD DR	$825,000	$3	2	2446	DETACHD	1
53 TOUCHSTONE	$910,000	$4	2.1	2779	DETACHD	226
15112 QUARRY RD	$1,695,000	$6	4.1	3953	DETACHD	138
1228 MAPLE ST	$2,097,000	$4	3.1	3505	DETACHD	601
1960 MAPLELEAF RD	$2,145,000	$5	5.1	4099	DETACHD	678
4375 SOUTHSHORE BLVD	$10,500,000	$5	5.1	6147	DETACHD	9

SOLD Nov 18-24, 2024

Address	Opening	Closed	Beds	Baths	Prop Type	SF	Days
141 Oswego Summit / Upper	$275,000	$260,000	$2	2	CONDO	1140	207
512 S STATE ST #512	$325,000	$297,925	$1	1	CONDO	829	20
6313 ALYSSA TER	$500,000	$494,000	$3	2.1	ATTACHD	1534	58
360 CERVANTES CIR	$245,000	$557,600	$2	1	CONDO	832	7
5325 OAKRIDGE RD	$550,000	$660,050	$4	2	DETACHD	1201	5
6336 FROST ST	$795,000	$770,000	$4	3	DETACHD	2200	7
4912 Hampton CT	$799,950	$785,000	$3	2.1	DETACHD	2039	3
19 CHURCHILL DOWNS	$925,000	$885,000	$4	3	DETACHD	2175	34
16904 GREENTREE AVE	$920,000	$885,000	$4	3	DETACHD	3356	58
5754 CHARLES CIR	$950,000	$940,000	$3	2.1	DETACHD	2604	6
14260 UPLANDS DR	$1,595,000	$1,570,000	$4	3	DETACHD	2924	2
2366 PALISADES CREST DR	$1,650,000	$1,650,000	4	3	DETACHD	3422	8
2065 LILLI LN	$1,750,000	$1,750,000	6	3.1	DETACHD	4457	75

November 23, 2024

60th Annual Holiday Tree Lighting

November 29th, 3-7pm, Millennium Plaza will be the location for the 60th annual holiday tree lighting festival.

Activities include photos with Santa, Timberview Farm Reindeer, sweet trees, music, caroling, and over 40 vendors. The lighting of the Millennium Tree will happen at 5:30.

It’s a great way to kick off the season!

November 21, 2024November 21, 2024

Market Activity Nov 11-17, 2024

Last week in Lake Oswego the real estate market was very active, for this time of year. There were 13 new listings. Two of those sold quickly and appear in this report as pending sales. There were 15 houses that accepted offers and went into pending status. There were 10 closed sales. Those are solid numbers for November.

See below for RMLS data.

New on the Market Nov 11-17, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet
48 Eagle Crest Dr 4E	Condo	$375,000	2	2	1489
60 Condolea Ter	Condo	$445,000	2	3	2784
18021 Tualata Ave	Detached	$570,000	3	1	1410
15215 Boones Way	Attached	$597,000	3	2.5	1600
16081 Pearcy St	Detached	$736,000	3	3	1919
1060 Upper Devon Ln	Detached	$1,300,000	3	2.5	2400
1176 Troon Rd	Detached	$1,400,000	3	2	3022
17883 Tamara Ave	Detached	$1,725,000	4	3	3100
17901 Tamara Ave	Detached	$1,749,000	4	3	3257
815 E Ave	Detached	$2,495,000	3	3.5	2946
4375 Southshore Blvd	Detached	$10,500,000	5	5.5	6147

Pending Sales Nov 11-17, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
25 Crestfield Ct	Condo	$299,900	2	2	995	42
5062 Foothills Dr C-#7	Condo	$464,700	2	2	1252	3
18538 Hallberg Ct	Detached	$575,000	3	1	870	29
5132 Timbergrove St	Detached	$610,000	3	2	1439	2
10 Greenridge Ct	Attached	$630,000	2	2	2063	55
5722 Fernbrook Way	Detached	$699,000	3	2	1580	17
6080 Burma Rd	Detached	$975,000	3	2	2134	107
17291 Cedar Rd	Detached	$1,049,000	5	4.5	2872	6
14186 Kimberly Cir	Detached	$1,150,000	4	3	3226	35
17644 Tree Top Ln	Detached	$1,199,000	4	3.5	4240	123
16610 Woodsman Ct	Detached	$1,300,000	4	3	3462	112
4027 Canal Woods Ct	Detached	$1,474,000	4	3.5	4232	155
3351 Fir Ridge Rd	Detached	$1,895,000	4	4.5	4265	209
2165 Ridge Pointe Dr	Detached	$1,998,000	5	4	4749	115
2121 Wembley Park Rd	Detached	$2,599,900	5	5.5	5025	334

Sold/Closed Nov 11-17, 2024

Address	Type	List Price	Closed Price	Sq Feet	CDOM
174 Oswego Summit	Condo	$345,000	$330,000	1506	28
3492 Devonshire Dr	Attached	$589,000	$608,000	1556	5
5271 Chinook Ct	Detached	$675,000	$660,000	1390	66
5365 Denton Dr	Detached	$1,250,000	$1,305,000	3143	3
15459 Village Dr	Detached	$1,499,000	$1,375,000	3049	11
2337 Hillside Ln	Detached	$1,749,000	$1,530,000	4932	93
950 Lund St	Detached	$1,675,000	$1,650,000	3098	521
3131 Westview Ct	Detached	$1,986,000	$1,897,746	4597	52
159 5th St	Detached	$2,289,900	$2,050,000	2960	27
310 Chandler Pl	Detached	$2,595,000	$2,370,000	3909	36

November 17, 2024November 17, 2024

Portland Area Oct 2024 Stats + LO

Here is your breakdown from the previous month, October, for Portland and surrounding areas including LO broken out at the bottom. ***Be sure to check out the Neighborhood Report which categorizes down into smaller pieces.

Overview/Fluctuations ~ October 2024 Market Data:

The Portland area is humming along, though Fall is a slower market traditionally as people enter the “Black Hole of the Holidays”. This year we were impacted with higher than expected rates & many holding off amidst election uncertainty to proceed in 2025 afresh. So, we are seeing a lot of Sellers removing their homes from the market & deciding to re-list in the Spring or after the first of the year. All that said, Closed Sales rose from both October 2023 & 2024, so perhaps that was a burst of Offers accepted right after the hotly anticipated/ultimately disappointing (for immediate mortgage rate relief) Fed rate cut on Sept 18^th? Average Sale Price on the whole was down due to Buyer pressure as well.

According to the RMLS Market Action Report for the Portland Metro Area October 2024:

There were 2,283 New Listings in October which is up 3.4% from the 2,207 in Oct 2023 and down 11.8% from the 2,589 in the previous month/Sept.
At 1,975 Oct 2024’s Closed Sales (Solds) are up 18.3% from Oct 2023’s 1,670 and up 16.0% from the previous month’s total of 1,702.
At 2,018 Oct 2024’s Pending Sales (Accepted Offers) increased 24.2% from Oct 2023’s 1,625, and decreased 2.8% over the previous month/Sept’s total of 2,076.
The Average Sale Price for October 2024 of, $604,200 is up$11,500. from last year/Oct 2023’s $592,700, and down $13,000 (!!) from the previous month/Sept’s $617,200.
The “Median Sale Price (the price smack dab in the middle of all sales) in Oct 2024 of $540,000 is up $15,000 over Oct 2023’s $525,000, and less by $1,000 than Sept’s $541,000.

LAKE OSWEGO: (Month of October ’24)

305 Active Listings (Sep 325)
108 New Listings (Sep 123)
90 Pending Sales (Sep 100)
93 Closed Sales (Sep 86)
Average Sale Price for Oct: $1,103,400 (Sep $1,152,900)
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.
67 Days on the Market (Sep 48)

The data listed above is as reported by the Regional Multiple Listing Service (RMLS)