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)

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

AddressList PriceBedsBathsSFProp Type
47 EAGLE CREST DR #42$295,00021932CONDO
302 LAUREL ST$799,000321988DETACHD
5759 WASHINGTON CT$1,195,00042.12343DETACHD
1202 Cedar ST$1,575,00033.12748DETACHD
3485 UPPER DR$1,575,00042.13334DETACHD
1214 Cedar ST$1,695,00043.13193DETACHD
13636 GOODALL RD$2,588,00044.14497DETACHD
1870 EGAN WAY$3,695,00044.14644DETACHD
693 TERRACE DR$3,850,00043.13297DETACHD

PENDING Dec 2-8, 2024

AddressList PriceBedsBathsSFProp TypeDays
154 Oswego Summit #22$299,900221506CONDO139
317 CERVANTES / Grnd$359,000221209CONDO85
3926 CARMAN DR$390,00022.11259CONDO223
5058 FOOTHILLS DR, F$414,800221370CONDO51
1349 BONNIEBRAE DR$479,00031.11303ATTACHD33
1 WALKING WOODS DR$500,00032.12264DETACHD8
1819 BOCA RATAN DR$589,900321583ATTACHD58
16643 SW ROOSEVELT AVE$650,000422222DETACHD44
17802 HILLSIDE WAY$929,00042.13004DETACHD190
1830 CLOVERLEAF RD$1,160,00032.11879DETACHD125
5759 WASHINGTON CT$1,195,00042.12343DETACHD3
17522 BRYANT RD$1,795,000443616DETACHD57
553 6TH ST$2,325,00043.13605DETACHD36

SOLD Dec 2-8, 2024

AddressOpeningClosedBedsBathsSFProp TypeDays
4 Touchstone #110$270,000$275,00022989CONDO6
4055 JEFFERSON PKWY$379,900$329,00022.11210CONDO46
2818 POPLAR WAY$650,000$562,000311056DETACHD268
6238 McEwan RD$595,000$595,000311170DETACHD23
10 GREENRIDGE CT$630,000$615,000222063ATTACHD55
4737 Lakeview BLVD$949,000$926,00042.12673DETACHD50
111 LADD ST$1,250,000$1,139,00032.12303DETACHD46
16610 WOODSMAN CT$1,475,000$1,300,000433462DETACHD112
5464 SOUTHWOOD DR$1,450,000$1,425,000533687DETACHD16
3159 DOUGLAS CIR$1,850,000$1,765,00064.14571DETACHD190

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) .

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 ~

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

AddressList PriceBedsBathsSFProp Type
5053 FOOTHILLS DR, C$395,000$321252CONDO
1 WALKING WOODS DR$500,000$32.12264DETACHD
2820 DELLWOOD DR$825,000$322446DETACHD
1463 GREENTREE CIR$899,900$42.12048DETACHD
8 PIMLICO TER$995,000$533120DETACHD

PENDING Nov 18-24, 2024

AddressList PriceBedsBathsSFProp TypeDays
16643 SW ROOSEVELT AVE$650,000$422222DETACHD25
84 KINGSGATE RD$689,900$32.11701DETACHD121
4582 TRILLIUM WOODS$799,000$32.11927ATTACHD25
2820 DELLWOOD DR$825,000$322446DETACHD1
53 TOUCHSTONE$910,000$42.12779DETACHD226
15112 QUARRY RD$1,695,000$64.13953DETACHD138
1228 MAPLE ST$2,097,000$43.13505DETACHD601
1960 MAPLELEAF RD$2,145,000$55.14099DETACHD678
4375 SOUTHSHORE BLVD$10,500,000$55.16147DETACHD9

SOLD Nov 18-24, 2024

AddressOpeningClosedBedsBathsProp TypeSFDays
141 Oswego Summit / Upper$275,000$260,000$22CONDO1140207
512 S STATE ST #512$325,000$297,925$11CONDO82920
6313 ALYSSA TER$500,000$494,000$32.1ATTACHD153458
360 CERVANTES CIR$245,000$557,600$21CONDO8327
5325 OAKRIDGE RD$550,000$660,050$42DETACHD12015
6336 FROST ST$795,000$770,000$43DETACHD22007
4912 Hampton CT$799,950$785,000$32.1DETACHD20393
19 CHURCHILL DOWNS$925,000$885,000$43DETACHD217534
16904 GREENTREE AVE$920,000$885,000$43DETACHD335658
5754 CHARLES CIR$950,000$940,000$32.1DETACHD26046
14260 UPLANDS DR$1,595,000$1,570,000$43DETACHD29242
2366 PALISADES CREST DR$1,650,000$1,650,00043DETACHD34228
2065 LILLI LN$1,750,000$1,750,00063.1DETACHD445775
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 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 18th? 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)

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

AddressList PriceBedsBathsSFProp Type
750 1ST ST, #E31$285,10011902CONDO
48 EAGLE CREST DR, #2E$399,900321623CONDO
1349 BONNIEBRAE DR$485,00031.11303ATTACHD
1803 BOCA RATAN DR$650,00032.11780ATTACHD
5050 LOWER DR$735,00032.11278DETACHD
17291 CEDAR RD$1,049,00054.12872DETACHD
213 HIDALGO ST$1,075,00043.14088DETACHD
840 8TH ST$1,100,000431920DETACHD
17010 CHAPIN WAY$1,599,90043.14032DETACHD
688 6TH ST$2,335,00042.12939DETACHD
13962 Knaus RD$5,195,00054.25404DETACHD

PENDING Nov 4-10, 2024

AddressList PriceBedsBathsSFProp TypeDays
4 Touchstone, #110$270,00022989CONDO6
16250 PACIFIC HWY, b#71$299,000221305CONDO543
512 S STATE ST, #512$300,00011829CONDO20
146 OSWEGO / Upper$309,900221212CONDO212
4 TOUCHSTONE, #77$324,99932.11351CONDO179
16200 Pacific Hwy, #2$525,000221190CONDO54
6238 McEwan RD$595,000311170DETACHD23
4261 COUNTRY WOODS CT$725,000221608DETACHD18
18560 WESTVIEW DR$1,200,00052.13411DETACHD155
3159 DOUGLAS CIR$1,850,00064.14571DETACHD190

SOLD/CLOSED Nov 4-10, 2024

AddressOpeningClosedBedsBathsSFProp TypeDays
100 KERR PKWY, #8$182,950$159,90011617CONDO25
100 KERR PKWY, #36$219,000$180,00011617CONDO155
13 MORNINGVIEW CIR$899,500$820,00032.12519DETACHD154
23 BECKET$950,000$920,000544478DETACHD3
2004 RIDGEWOOD LN$1,150,000$1,075,00032.12631DETACHD77
840 8TH ST$1,100,000$1,100,000431920DETACHD0
18320 DELENKA LN$1,300,000$1,240,00042.14519DETACHD89
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) .

It’s Election Time!!!

Every four years we get to participate in this awesome privilege and responsibility of voting for President of the United States, along with many other important local and national choices. Lake Oswego makes it simple with Ballot Box drop-off sites available for easy submission. Here in Oregon we get an email letting us know that our ballot was received and counted. It’s important. Get out and Vote!!

Here is a link to Ballot Box location options: CLICK HERE

Market Activity ~ Oct 21-27, 2024

Last week Lake Oswego had 13 properties enter the market, 12 move to ending status and 12 that Closed/Sold. Right now there are 213 properties available ranging from $180,000 to $8,800,000.

Here is the breakdown:

NEW Oct 21-27, 2024

AddressList PriceBedsBathsSFProp Type
45 EAGLE CREST DR #204$245,00011768CONDO
4640 LOWER DR / Upper$375,00021.11170CONDO
52 GREENRIDGE CT$599,00032.22524ATTACHD
1277 HALLINAN CIR$649,000321242DETACHD
16643 SW ROOSEVELT AVE$650,000422222DETACHD
1640 ASPEN ST$740,000432218DETACHD
5363 GREYSTOKE DR$759,000321541DETACHD
4322 COLLINS WAY$820,000532112DETACHD
4582 TRILLIUM WOODS$849,90032.11927ATTACHD
5364 DENTON DR$1,250,00042.13143DETACHD
4114 CASEY CT$1,425,00042.13405DETACHD
16878 CANYON DR$1,499,00042.12750DETACHD
3159 DOUGLAS CIR$1,850,00064.14571DETACHD

PENDING Oct 21-27, 2024

AddressList PriceBedsBathsSFProp TypeDays
141 Oswego Summit / Upper$270,000221140CONDO207
4055 JEFFERSON PKWY$349,90022.11210CONDO46
5325 OAKRIDGE RD$550,000421201DETACHD5
2818 POPLAR WAY$575,000311056DETACHD268
3492 DEVONSHIRE DR$589,00032.11556ATTACHD5
6336 FROST ST$795,000432200DETACHD7
23 TANGLEWOOD DR$799,90052.12522DETACHD52
19 CHURCHILL DOWNS$899,500432175DETACHD34
16904 GREENTREE AVE$920,000433356DETACHD58
111 LADD ST$1,250,00032.12303DETACHD46
2065 LILLI LN$1,750,00063.14457DETACHD75
159 5TH ST$2,198,00042.12960DETACHD27

SOLD Oct 21-27, 2024

AddressOpeningClosedBedsBathsSFProp TypeDays
16500 LAKE FOREST BLVD$549,900$549,90031960DETACHD9
19251 INDIAN CREEK AVE$750,000$705,000321551DETACHD96
17681 LEAFY LN$775,000$735,000532242DETACHD19
1701 WOODLAND TER$887,000$902,00032.12729DETACHD6
1272 HIDE A WAY CT$1,150,000$1,025,000431816DETACHD91
17749 LEAFY LN$1,219,000$1,100,000433266DETACHD106
5552 YORKSHIRE PL$1,150,000$1,150,00042.12637DETACHD9
3672 TEMPEST DR$1,295,000$1,230,000333317DETACHD59
1920 PARK FOREST AVE$1,379,000$1,300,000332869DETACHD56
13869 AMBERWOOD CIR$1,597,500$1,575,00042.13405DETACHD24
17309 WESTVIEW DR$2,395,000$1,937,00043.13973DETACHD144
4340 Lakeview BLVD$4,750,000$3,950,00054.14191DETACHD133
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 Area Sept 2024 Stats + LO

Here is your breakdown from the previous month, September, 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 ~ Sept 2024 Market Data:       

The big news for September is that there is no real big news. Things are shifting slowly following the Fed’s interest rate cut on Sept 18, and this is taking some time to impact on the ground. The things we are seeing include increasing Pending sales (not decreasing) from the month prior, modestly increasing Inventory, most neighborhoods back in appreciation territory, and/but overall downward pressure on price with “time on market” increasing from 48 days in August to 55 days in Sept, further indicating Buyers waited it out. Though it takes time for the Fed’s actions to impact mortgage rates, it is happening, & we see increased activity and notably happier Buyers out making Offers!

Rates: “Strong jobs numbers have halted rates dropping, but the Fed has signaled more cuts ahead which should help. Right now we are in the low 6% range.” Gary Boyer, Regional VP, Gold Star Mortgage Financial  

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

  • There were 2,589 New Listings in September which is down 4.6% from 2,713 in Sept 2023 and down 3.0% from the 2,669 in the previous month/August.
  • At 1,702 Sept 2024’s Closed Sales (Solds) are down 0.9% from Sept 2023’s 1,717 and down 13.0% from the previous month’s total of 1,957.
  • At 2,076 Sept 2024’s Pending Sales (Accepted Offers) increased 14.8% from Sept 2023’s 1,809, and increased 1.2% over the previous month/August’s total of 2,052.
  • The Average Sale Price for September 2024 of, $617,200 is up$21,300. from last year/Sept 2023’s $595,900, and down $3,600 from the p­­revious month/August’s $620,800. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in Sept 2024 of $541,000 is up $3,700 from Sept 2023’s $537,400, & down $14,000 from August’s $555,000    

LAKE OSWEGO: (Month of September ’24)

325 Active Listings (Aug 329)
123 New Listings  (Aug 127)
100 Pending Sales (Aug 92)
86 Closed Sales  (Aug 99)
Average Sale Price for Sept: $1,152,900 (Aug $1,050,500)
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.
48 Days on the Market   (Aug 52)

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

Market Activity Report ~ Oct 7-13, 2024

Lucky 13! First time I’ve ever seen this…but last week Lake Oswego had 13 properties enter the market, 13 move to Pending status, and 13 that Closed/Sold. Right now there are 230 properties ranging from $180,000 to $8,800,000 available.

Here is the breakdown:

NEW Oct 7-13, 2024

AddressList PriceBedsBathsSFProp Type
360 CERVANTES CIR$245,00021832CONDO
44 EAGLE CREST DR #24$305,000321085CONDO
4308 BOTTICELLI ST #10$484,90033.12285CONDO
1819 BOCA RATAN DR$589,900321583ATTACHD
4291 WOODSIDE CIR$639,900322026ATTACHD
107 KINGSGATE RD$699,000321516DETACHD
578 2ND ST$819,00032.11254ATTACHD
1327 CEDAR ST$964,90042.12350DETACHD
14186 KIMBERLY CIR$1,150,000433226DETACHD
17479 BROOKHURST DR$1,260,00042.13711DETACHD
17522 BRYANT RD$1,795,000443616DETACHD
1093 TYNDALL CT$1,998,00043.14547DETACHD
1933 HIGHLANDS LOOP$5,395,00054.15768DETACHD

PENDING Oct 7-13, 2024

AddressList PriceBedsBathsSFProp TypeDays
4000 CARMAN DR, D57$319,90022836CONDO7
205 CERVANTES / Main$325,00021.11216CONDO12
5061 FOOTHILLS DR #87$419,00022991CONDO8
5225 JEAN RD #501$445,000321500CONDO8
6355 SW DAWN ST$625,000321268DETACHD113
27 ORIOLE LN$655,00042.11851DETACHD33
4912 Hampton CT$799,95032.12039DETACHD3
5754 CHARLES CIR$950,00032.12604DETACHD6
2004 RIDGEWOOD LN$1,075,00032.12631DETACHD77
18320 DELENKA LN$1,275,00042.14519DETACHD89
15459 VILLAGE DR$1,499,00043.13049DETACHD11
17309 WESTVIEW DR$1,975,00043.13973DETACHD144
310 CHANDLER PL$2,595,00043.13909DETACHD36

SOLD Oct 7-13, 2024

AddressOpeningClosedBedsBathsSFProp TypeDays
63 OSWEGO / Main$235,000$218,00011764CONDO96
86 KINGSGATE RD, G102$330,000$310,00022849CONDO136
4652 LOWER DR$395,000$391,30021.11170CONDO23
44 GREENRIDGE CT$579,900$550,00032.11996ATTACHD75
4319 HARVEY WAY$595,900$625,00032.11685DETACHD0
1355 HALLINAN ST$729,000$755,000321482DETACHD2
16411 SW LAKE FOREST BLVD$799,900$820,000322180DETACHD10
4991 Centerwood ST$1,050,000$983,00042.12433DETACHD78
1928 PALISADES TERRACE DR$1,195,000$1,125,00055.14337DETACHD27
17814 MARYLCREEK DR$1,550,000$1,245,00053.14429DETACHD86
15203 LILY BAY CT$1,350,000$1,250,00042.13216DETACHD4
3585 Sunwood CT$2,249,900$2,249,900443853DETACHD4
17288 CEDAR RD$2,695,000$2,287,500334267DETACHD75
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) .