Linda Rossi, Author at Property Blotter

January 12, 2025January 13, 2025

This Week in Lake Oswego

Living in Lake Oswego is an experience of community. That’s why we post these little snippets of activities offered by various groups! Here are my picks for what to do this week in Lake Oswego:

Mon, Jan 13, 2025 – 10:30 AM ~ Early Childhood Music and Movement In Mandarin Chinese (Repeats on Mondays )- This outstanding program is for young learners ages 2-5 ranging from little or no to high levels of fluency in Mandarin. The series includes movement, play, instruments and stories and is sponsored by the Friends of the Lake Oswego Public Library and admission is free/first come/first served. 706 Fourth St, Lake Oswego ~ CLICK HERE

Tues, Jan 14 , 2025 – 6:30-8:00 PM ~ Pints from the Past: Oswego Suffragists -Meet the women in early Oswego who fought to better their community. Sponsored by Friends of the Lake Oswego Public Library. This presentation and exhibit explores exactly what they did to fight for the rights we have today. (Free, AND Refreshment purchases are encouraged to offset the cost to the lake Theater & Cafe : ) – Lake Theater & Cafe, 106 North State Street, Lake Oswego More Info: CLICK HERE

Wed, Jan 15, 2025 – 1:00-3:00PM (weekly thru Feb 12th) ~Living Well with Chronic Conditions (series) ~ This program offers tools & strategies through expert guidance, peer support and practical activities. ~ACC, 505 G Ave, Lake Oswego ~ More Info : CLICK HERE

Thurs, Jan 16, 2025 – 12:30-2:00 PM ~Poetry Group (series) ~ Bring your own poetry or bring other poetry you love and read it in this supportive environment. There is time for introductions, poetry readings and organic discussion every 3rd Thursday. ~ Lake Oswego Library, 706 Fourth St, Lake Oswego ~ More Info : CLICK HERE

Fri, Jan 17, 2025 – 10:30-11:00 AM ~Spanish Language Story and Play (series) ~ Jessica Amezcua from Adventures in Spanish shares songs and stories for children ages 0-5 and their caregivers. Repeats every 3rd Friday ~Lake Oswego Library, 706 Fourth St, Lake Oswego~ More Info: CLICK HERE

Sat, Jan 18, 2024 – 1:00PM-5:00PM – Teen Study Session ~ With finals around the corner, teens are encouraged to use this space to study and prepare WITH SNACKS! Quieter than with your brothers & sisters running around, and who can resist the snacks! Study groups are Ok too. ~ Lake Oswego Library,706 Fourth St, Lake Oswego ~ More Info : CLICK HERE

January 8, 2025January 8, 2025

Market Activity ~ Dec 30, 2024-Jan 5, 2025

Last week as we ushered 2025 in the door, Lake Oswego had 5 properties enter the market, 6 move to Pending status and 9 that Closed/Sold.

Right now there are 142 lovely homes available in Lake Oswego ranging from $190,000 to $8,800,000.

Here is the breakdown:

NEW Dec 30, 2024-Jan 5, 2025

Address	List Price	Beds	Baths	SF	Prop Type
4323 LAKEVIEW BLVD	$299,950	2	1.1	912	CONDO
800 FAIRWAY RD	$450,000	2	2.1	2260	CONDO
12535 SW BOONES FERRY RD	$479,900	3	2	1829	DETACHD
38 CERVANTES CIR	$640,000	4	2	1483	DETACHD
4316 BOTTICELLI ST	$1,295,000	3	2	2037	DETACHD

PENDING Dec 30, 2024-Jan 5, 2025

Address	List Price	Beds	Bath	SF	Prop Type	Days
3433 MCNARY PKWY #505	$375,000	2	2.1	1608	CONDO	30
12535 SW BOONES FERRY RD	$479,900	3	2	1829	DETACHD	3
4312 BOTTICELLI Bldg B ST #8	$485,000	2	2.1	2285	ATTACHD	90
8 BRITTEN CT	$515,000	2	2	1175	ATTACHD	7
18625 BRYANT RD	$550,000	3	1	1586	DETACHD	14
2651 LOOKOUT CT	$699,000	5	2.1	2472	DETACHD	154

SOLD Dec 30, 2024,Jan 5, 2025

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY #54	$200,000	$165,000	1	1	617	CONDO	188
317 CERVANTES / Grnd	$359,000	$340,000	2	2	1209	CONDO	85
4047 JEFFERSON PKWY	$359,900	$355,000	3	2.1	1259	ATTACHD	135
84 KINGSGATE RD	$699,900	$630,000	3	2.1	1701	DETACHD	121
5722 FERNBROOK WAY	$715,000	$680,000	3	2	1580	DETACHD	39
580 8TH ST	$1,695,000	$1,435,000	3	3	1788	DETACHD	92
1115 NORTHSHORE RD	$1,950,000	$1,665,000	4	4.1	4306	DETACHD	166
17522 BRYANT RD	$1,795,000	$1,745,000	4	4	3616	DETACHD	57
1228 MAPLE ST	$2,279,000	$2,038,000	4	3.1	3505	DETACHD	601

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 25, 2024December 25, 2024

Peace and Joy to You and Yours

As we do every year, we’ll be taking a short hiatus and will be back with all the Lake Oswego market news that you can use in 2025!

Whatever holiday you may celebrate this season, on this Christmas Day, Dianne and I wish you and your loved ones a home filled with all the cozy things you associate with this time of year. In this big world, we continue to be grateful for so many things, and we wish you more of exactly what fills you with Joy.

Merry Christmas, Happy Hanukkah and Joyous Holidays to you!

Dianne & Linda

December 24, 2024December 25, 2024

Market Activity ~ Dec 16-22, 2024

Amid the holiday bustle last week, Lake Owego saw 5 properties enter the market (New), 11 Offers accepted (Pending) and 11 that Sold/Closed. Right now there are 155 lovely homes available ranging from $190,000 to $8,800,000.

By the way… Dianne and I are never too busy for our Property Blotter readers! At any time of year.

Here is the breakdown:

NEW Dec 16-22, 2024

Address	List Price	Beds	Baths	SF	Prop Type
16250 Pacific Hwy #78	$345,000	$2	2	1305	CONDO
3433 MCNARY PKWY #505	$375,000	$2	2.1	1608	CONDO
18521 Don Lee WAY	$599,000	$3	2	994	DETACHD
120 KINGSGATE RD	$715,000	$3	2.1	1699	DETACHD
17700 UPPER CHERRY LN	$5,500,000	$5	6.1	7189	DETACHD

PENDING Dec 16-22, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY #54	$169,900	$1	1	617	CONDO	188
47 EAGLE CREST DR #48	$220,000	$1	1	696	CONDO	10
82 OSWEGO / Upper	$269,900	$2	2	1212	CONDO	5
46 CRESTFIELD CT / Upper	$309,900	$2	1	923	CONDO	156
3433 MCNARY PKWY #805	$344,000	$2	2.1	1136	CONDO	96
18521 Don Lee WAY	$599,000	$3	2	994	DETACHD	3
120 KINGSGATE RD	$715,000	$3	2.1	1699	DETACHD	3
4694 WINTHROP CT	$1,050,000	$4	2.1	2250	DETACHD	7
1525 MAPLE ST	$1,500,000	$3	3.1	2796	DETACHD	4
17010 CHAPIN WAY	$1,545,000	$4	3.1	4032	DETACHD	43
17341 WESTVIEW DR	$1,898,000	$4	3.1	3647	DETACHD	314

SOLD Dec 16-22, 2024

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
123 OSWEGO SUMMIT / Upper	$285,000	$279,000	$2	2	1212	CONDO	131
4 TOUCHSTONE #77	$365,000	$307,500	$3	2.1	1351	CONDO	179
4 TOUCHSTONE DR #147	$349,950	$321,000	$3	2.1	1351	CONDO	81
3926 CARMAN DR	$390,000	$375,000	$2	2.1	1259	CONDO	223
1 WALKING WOODS DR	$500,000	$480,900	$3	2.1	2264	DETACHD	8
18538 HALLBERG CT	$575,000	$535,000	$3	1	870	DETACHD	29
1830 CLOVERLEAF RD	$1,327,500	$1,095,000	$3	2.1	1879	DETACHD	125
15112 QUARRY RD	$1,950,000	$1,620,000	$6	4.1	3953	DETACHD	138
2165 RIDGE POINTE DR	$2,189,000	$1,953,017	$5	4	4749	DETACHD	115
1960 MAPLELEAF RD	$2,450,000	$2,145,000	$5	5.1	4099	DETACHD	678
4375 SOUTHSHORE BLVD	$10,500,000	$10,500,000	$5	5.1	6147	DETACHD	9

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

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 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)

November 16, 2024November 16, 2024

Market Activity ~ Nov 4-10, 2024

Last week there were 10 properties entering the market, 10 that moved to Pending status, and 7 that Closed/Sold. Right now there are 204 properties available ranging from $169,900 to $10,500,000.

Here is the breakdown:

NEW Nov 4-10, 2024

Address	List Price	Beds	Baths	SF	Prop Type
750 1ST ST, #E31	$285,100	1	1	902	CONDO
48 EAGLE CREST DR, #2E	$399,900	3	2	1623	CONDO
1349 BONNIEBRAE DR	$485,000	3	1.1	1303	ATTACHD
1803 BOCA RATAN DR	$650,000	3	2.1	1780	ATTACHD
5050 LOWER DR	$735,000	3	2.1	1278	DETACHD
17291 CEDAR RD	$1,049,000	5	4.1	2872	DETACHD
213 HIDALGO ST	$1,075,000	4	3.1	4088	DETACHD
840 8TH ST	$1,100,000	4	3	1920	DETACHD
17010 CHAPIN WAY	$1,599,900	4	3.1	4032	DETACHD
688 6TH ST	$2,335,000	4	2.1	2939	DETACHD
13962 Knaus RD	$5,195,000	5	4.2	5404	DETACHD

PENDING Nov 4-10, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
4 Touchstone, #110	$270,000	2	2	989	CONDO	6
16250 PACIFIC HWY, b#71	$299,000	2	2	1305	CONDO	543
512 S STATE ST, #512	$300,000	1	1	829	CONDO	20
146 OSWEGO / Upper	$309,900	2	2	1212	CONDO	212
4 TOUCHSTONE, #77	$324,999	3	2.1	1351	CONDO	179
16200 Pacific Hwy, #2	$525,000	2	2	1190	CONDO	54
6238 McEwan RD	$595,000	3	1	1170	DETACHD	23
4261 COUNTRY WOODS CT	$725,000	2	2	1608	DETACHD	18
18560 WESTVIEW DR	$1,200,000	5	2.1	3411	DETACHD	155
3159 DOUGLAS CIR	$1,850,000	6	4.1	4571	DETACHD	190

SOLD/CLOSED Nov 4-10, 2024

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY, #8	$182,950	$159,900	1	1	617	CONDO	25
100 KERR PKWY, #36	$219,000	$180,000	1	1	617	CONDO	155
13 MORNINGVIEW CIR	$899,500	$820,000	3	2.1	2519	DETACHD	154
23 BECKET	$950,000	$920,000	5	4	4478	DETACHD	3
2004 RIDGEWOOD LN	$1,150,000	$1,075,000	3	2.1	2631	DETACHD	77
840 8TH ST	$1,100,000	$1,100,000	4	3	1920	DETACHD	0
18320 DELENKA LN	$1,300,000	$1,240,000	4	2.1	4519	DETACHD	89