Author: Linda Rossi

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Portland Area August 2024 Stats + LO

Here is your breakdown from the previous month/August 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 ~ August 2024 Market Data:       

Prices were notably declining across much of the Portland area during August (see Neighborhood Report below), with a few exceptions mostly in outer metro areas. New Listings are down 8.7% from last year at this time, and Pending sales are down 6.3% from the previous month/July. Anecdotally, we’ve noticed Buyers & Sellers saying they’re holding off till the Fed lowers rates… ***which it just did*** by ½ point! It also announced another likely rate cut this year. I guess we’ll see if that spurs more activity for our usual upswing in the Fall. Inventory is rising consistently if slightly.

Rates: “The Federal Reserve is confident inflation is in check. Rates should be solidly in the 5’s soon!”.      Gary Boyer, Regional VP, Gold Star Mortgage Financial  

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

  • There were 2,669 New Listings in August which is down 8.7% from 2,923 in August 2023 and down 8.1% from the 2,905 in the previous month/July.
  • At 1,957 August 2024’s Closed Sales (Solds) are down 9.2% from August 2023’s 2,155 and down 5.7% from the previous month’s total of 2,075.
  • At 2,052 August 2024’s Pending Sales (Accepted Offers) changed 0.0% from August 2023’s 2,053, and decreased 6.3% from the previous month/July’s total of 2,191.
  • The Average Sale Price for August 2024 of, $620,800 is up$12,500. from last year/August 2023’s $608,300, and down $2,100 from the p­­revious month/July’s $622,900. 
  • The “Median Sale Price“ (the price smack dab in the middle of all sales) in August 2024 of $555,000 is up $19,000 August 2023’s $536,000, & up $5,000 from July’s $550,000    

LAKE OSWEGO: (Month of August ’24)

329 Active Listings (July 337)
127 New Listings  (July 169)
92 Pending Sales (July 116)
99 Closed Sales  (July 104)
Average Sale Price for August: $1,050,500 (July $1,156,200)
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.
52 Days on the Market   (July 74)

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

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Market Activity ~ Sept 9-15, 2024

Last week Lake Oswego saw 14 properties enter the market (New), 19 move to Pending status, and 14 that Sold/Closed. Right now there are 221 properties available ranging from $190,000 to $11,900,000.

It’ll be interesting to see how activity changes, if it does, now that the Fed has lowered by 1/2 a point, and announced it would again before the end of the year. It seems a lot of people have been waiting for this news.

Here is the breakdown:

New Sept 9-15, 2024

AddressList PriceBedsBathsSFProp Type
86 KINGSGATE RD, E102$258,80022924CONDO
317 CERVANTES / Grnd$359,000221209CONDO
668 MCVEY AVE #80$435,00021.1992CONDO
454 5TH ST$680,00021.11092CONDO
1355 HALLINAN ST$729,000321482DETACHD
2251 FERNWOOD CIR$829,900632704DETACHD
1701 WOODLAND TER$887,00032.12729DETACHD
4737 Lakeview BLVD$949,00042.12673DETACHD
309 10TH ST$1,200,000534520DETACHD
3190 RAINBOW DR$1,329,00032.13385DETACHD
5225 FIRWOOD RD$1,575,00042.13240DETACHD
580 8TH ST$1,695,000431788DETACHD
490 G AVE$2,199,90043.12977DETACHD
17550 LAKE HAVEN DR$2,999,000433403DETACHD

PENDING Sept 9-15, 2024

AddressList PriceBedsBathsSFProp TypeDays
100 KERR PKWY #8$159,95011617CONDO25
100 Kerr PKWY #24$207,00011617CONDO46
63 OSWEGO / Main$218,00011764CONDO96
86 KINGSGATE RD, E102$258,80022924CONDO2
4000 CARMAN DR, A4$275,00011836CONDO81
1355 HALLINAN ST$729,000321482DETACHD2
17681 LEAFY LN$775,000532242DETACHD19
1419 HEMLOCK ST$799,000532520DETACHD44
16411 SW LAKE FOREST BLVD$799,900322180DETACHD10
15900 TWIN FIR RD$845,000332256DETACHD7
3 SCARBOROUGH DR$950,000543778DETACHD121
1272 HIDE A WAY CT$1,025,000431816DETACHD91
309 10TH ST$1,200,000534520DETACHD0
17814 MARYLCREEK DR$1,295,00053.14429DETACHD86
4874 SAGE HEN CIR$1,300,00042.12813DETACHD29
171 5TH ST$1,399,900422367DETACHD10
17160 WALL ST$1,829,000533305DETACHD86
768 7TH ST$1,895,00033.12921DETACHD22
3585 Sunwood CT$2,249,900443853DETACHD4

SOLD/CLOSED Sept 9-15, 2024

AddressOpeningClosedBedsBathsSFProp TypeDays
47 EAGLE CREST DR #20$297,000$297,000211009CONDO23
1784 BONNIEBRAE DR$495,000$495,00021.11393ATTACHD5
127 ASH ST$824,900$575,00052.13211DETACHD142
5170 LAKEVIEW BLVD$695,000$650,000321771DETACHD103
4421 UPPER DR$639,000$650,00031.11176DETACHD2
4980 CENTERWOOD ST$730,000$731,083321904DETACHD4
5379 GREYSTOKE DR$830,000$830,000321917DETACHD6
26 Morningview CIR$1,175,000$960,000343228DETACHD60
3060 GLENMORRIE DR$1,699,000$1,250,000324183DETACHD68
2060 INDIAN TRAIL$1,575,000$1,500,00032.12381DETACHD23
137 FURNACE ST / Upper$1,595,000$1,595,000321927CONDO76
16873 CANYON DR$2,350,000$2,200,000543789DETACHD42
1551 LAKE FRONT RD$3,850,000$3,875,00053.13519DETACHD45
14062 GOODALL RD$5,250,000$4,950,00056.27365DETACHD4
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) .
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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 coming week in Lake Oswego:

Sept 9, 2024 – 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, Sept 10, 2024 – 2:30-4:30 PM ~ Slow Jam (Repeats Tuesdays) – Come & enjoy playing music with others! Bring your instrument and make some musical friends. – ACC, 505 G Avenue Lake Oswego More Info: CLICK HERE

Wed, Sept 11, 2024 – 1:00-4:00 PM ~Creative Hands ( Repeats Wednesdays ) ~ Make new friends & join this group of volunteers working with donated materials that they turn into uselful items that are then donated to various non-profit organizations.~ACC, 505 G Avenue Lake Oswego ~ More Info :  CLICK HERE

Thurs, Sept 12, 2024 – 5:30-6:30 PM ~Tree Protection Plans and Tree Code Violations- Workshop (Hybrid In-Person & Online)~ Learn about the City’s tree code requirements, including protecting trees during construction, including enforcement, violations & investigation.  Lake Oswego City Hall – Council Chamber, 380 A Ave, Third Floor – More Info & Registration:  CLICK HERE

Fri, Sept 13, 2024 – 10:00 AM ~Oktoberfest (Sept) in Mt. Angel~ All aboard! Join new & old friends alike enjoying a day in Mt Angel to experience Octoberfest with craft beers, German cuisine, live music, traditional dance & other cultural activities. Lunch TBA. Make it an unforgettable day! ~ More Info & Registration: CLICK HERE

Sat, Sept 14, 2024 – 8:30AM-1:30 PM – Lake Oswego Farmers Market!~ Wander through all the produce and artisan booths while listening to live music (10:30-12:30). This Farmers Market experience is not to be missed…if you’re looking for it you’ll find it here~  superior produce, meats, seafood, nuts, cheeses, artisan baked goods, jams, jellies, salsas, hummus, nursery items, hot foods, artisan crafts and more! ~ Millennium Plaza Park, 200 1st St, Lake Oswego~ More Info : CLICK HERE

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Market Activity ~ Aug 26-Sept 1, 2024

Last week Lake Oswego saw 17 properties enter the market, 16 move to Pending status, and 18 that Sold/Closed. Right now there are 231 homes for sale ranging from $159,950 to $11,900,000.

Here is the breakdown:

NEW Aug 26-Sept 1, 2024

AddressList PriceBedsBathsSFProp Type
45 EAGLE CREST DR #506$230,00011600CONDO
7161 CHILDS RD / Upper$349,00021916CONDO
4437 THUNDER VISTA LN$499,00022.12002CONDO
4324 WOODSIDE CIR$579,000221210ATTACHD
1419 GREENTREE CIR$694,000432250DETACHD
13457 AUBURN CT$749,00032.11937ATTACHD
16411 SW LAKE FOREST BLVD$799,900322180DETACHD
1036 BULLOCK ST$888,000431965DETACHD
16904 GREENTREE AVE$920,000433356DETACHD
5552 YORKSHIRE PL$1,150,00042.12637DETACHD
171 5TH ST$1,399,900422367DETACHD
13869 AMBERWOOD CIR$1,597,50042.13405DETACHD
1225 Spruce ST$1,750,00043.13482DETACHD
3884 LAKE GROVE AVE$2,450,00053.14504DETACHD
1777 SKYLAND DR$2,625,00043.14872DETACHD
1527 LAKE FRONT RD$7,350,00056.17220DETACHD
1900 TWIN POINTS RD$8,800,000536776DETACHD

PENDING Aug 26-Sept 1, 2024

AddressList PriceBedsBathsSFProp TypeDays
86 KINGSGATE RD, G102$315,00022849CONDO136
16625 ASTOR AVE$550,000321519DETACHD31
44 GREENRIDGE CT$569,90032.11996ATTACHD75
5271 CHINOOK CT$650,000321390DETACHD17
4980 CENTERWOOD ST$730,000321904DETACHD4
13457 AUBURN CT$749,00032.11937ATTACHD5
1795 OAK ST$900,00043.13632DETACHD25
19 SCARBOROUGH DR$995,000322875DETACHD68
6081 CLAIRMONT CT$999,00042.12680DETACHD101
782 SUNNY HILL DR$1,145,000322012DETACHD23
1928 PALISADES TERRACE DR$1,195,00055.14337DETACHD27
5254 WESTFIELD CT$1,295,00042.13346DETACHD5
17299 LAKE HAVEN DR$1,485,00042.12656DETACHD3
1699 VILLAGE PARK LN$1,499,00032.23085DETACHD23
18703 BRYANT RD$2,364,900444291DETACHD15
14062 GOODALL RD$5,250,00056.27365DETACHD4

SOLD/CLOSED Aug 26-Sept 1, 2024

AddressOpeningClosedBedsBathsSFProp TypeDays
61 GALEN RD / Grnd$189,000$189,90011552CONDO35
82 CERVANTES CIR / Grnd$234,997$243,00021.1912CONDO181
668 MCVEY AVE #42$449,000$379,00021852CONDO1
668 MCVEY AVE #14$395,000$390,00011636CONDO3
6435 FROST ST$725,000$700,00032.11838DETACHD108
4490 LAKEVIEW BLVD$779,900$700,000321727DETACHD48
15 CONDOLEA DR / Grnd$699,000$720,000332643CONDO33
15213 CANDLEWOOD CT$1,079,000$995,00042.12757DETACHD4
17 WESTMINSTER DR$1,180,000$1,100,00052.12736DETACHD18
5831 SUNCREEK DR$1,200,000$1,225,00042.12865DETACHD83
2222 CREST DR$1,249,000$1,249,000432820DETACHD2
5675 MERIDIAN CT$1,400,000$1,400,00043.13075DETACHD118
23 HILLSHIRE DR$1,775,000$1,402,00043.14360DETACHD285
2051 WEMBLEY PARK RD$1,495,000$1,495,000432750DETACHD3
1961 CHERYL CT$1,995,000$1,915,00054.15124DETACHD5
1755 MAPLELEAF RD$2,500,000$2,500,000444071DETACHD38
1475 SKYLAND DR$5,875,000$5,000,00066.28251DETACHD87
12780 S FIELDING RD$5,795,000$5,750,00055.58493DETACHD3
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) .
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Portland Area July 2024 Stats + LO

Here is your breakdown from the previous month/July 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.

July typically slows as folks are out of town on vacation and picks back up again in mid August.  Average Sale Prices during the month of July in most all areas of Portland took a dip as homeowners competed for a smaller pool of Buyers, and Median Sale Prices (middle range-point) stayed essentially the same. Inventory is inching up, and people are generally anticipating the lowering of rates to come, when I expect more to be willing to part with their current home & move on to their next adventure.

Rates: “Good news on the inflation front is supporting the Fed cutting rates soon. Right now 30-year fixed rates are in the mid 6% range.  Gary Boyer, Regional VP, Gold Star Mortgage Financial  

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

  • There were 2,905 New Listings in July which is up 0.2% from 2,899 in July 2023 and down 4.6% from the 3,044 in the previous month/June.
  • At 2,075 July 2024’s Closed Sales (Solds) are up 8.5% from July 2023’s 1,912 and down 0.3% from the previous month’s total of 2,081.
  • At 2,191 July 2024’s Pending Sales (Accepted Offers) increased 2.1% from July 2023’s 2,145, and decreased 1.2% from the previous month/June’s total of 2,217.
  • The Average Sale Price for July 2024 of, $622,900 is up$2,500. from last year/July 2023’s $620,400, and down $13,300 from the p­­revious month/June’s $636,200. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in July 2024 of $550,000 is basically the same as July 2023’s $549,900, & down $15,000 from June’s $565,000    

LAKE OSWEGO: (Month of July ’24)

337 Active Listings (Jun 316)
169 New Listings  (Jun 173)
116 Pending Sales (Jun 107)
104 Closed Sales  (Jun 98)
Average Sale Price for June: $1,156,200 (Jun $1.031,600)
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.
74 Days on the Market   (Jun 48)

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

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Market Activity ~ Aug 12-18, 2024

Last week Lake Oswego logged 14 properties entering the market (New), 11 moving to Pending status, and 16 that Sold/Closed. Right now there are 230 homes available ranging from $182,950 to $7,998,000.

Here is the breakdown:

NEW Aug 12-18, 2024

AddressList PriceBedsBathsSFProp Type
4000 CARMAN DR, A4$300,00011836CONDO
86 KINGSGATE RD, C 201$345,00022938CONDO
4652 LOWER DR$395,00021.11170ATTACHD
200 BURNHAM RD, #103$425,00011765CONDO
1784 BONNIEBRAE DR$495,00021.11393ATTACHD
32 NOVA CT$649,90042.12190DETACHD
54 AQUINAS ST$899,00042.12774DETACHD
1620 Oak ST$950,000322152DETACHD
1571 BAY VIEW LN$1,299,00032.12854DETACHD
4874 SAGE HEN CIR$1,300,00042.12813DETACHD
554 4TH ST$1,575,00044.23376ATTACHD
18703 BRYANT RD$2,364,900444291DETACHD
4540 DOGWOOD DR$2,500,000545535DETACHD
1814 HIGHLANDS LOOP$2,695,00034.15635DETACHD

PENDING Aug 12-18, 2024

AddressList PriceBedsBathsSFProp TypeDays
90 GALEN ST / Upper$219,90011552CONDO20
220 CERVANTES, C$329,500221378CONDO17
668 MCVEY AVE, #14$395,00011636CONDO181
2818 POPLAR WAY$575,000311056DETACHD199
5320 CHINOOK CT$575,00031.11008DETACHD22
32 NOVA CT$649,90042.12190DETACHD1
18421 INDIAN CREEK DR$748,000321836DETACHD13
4991 Centerwood ST$1,025,00042.12433DETACHD48
32 INDEPENDENCE AVE$1,300,00043.13277DETACHD46
2260 SUMMIT CT$2,995,00054.13797DETACHD390
13600 GOODALL RD$3,299,90066.16612DETACHD47

SOLD/CLOSED Aug 12-18, 2024

AddressOpeningClosedBedsBathsSFProp TypeDays
4 TOUCHSTONE, #114$285,000$290,00022993CONDO7
75 GALEN ST / Grnd$303,000$305,00022989CONDO71
4 TOUCHSTONE, #90$305,000$305,00032.11351CONDO23
3818 BOTTICELLI ST$350,000$350,000321259CONDO17
1652 BONNIEBRAE DR$485,000$485,00031.11303ATTACHD19
16441 Bonaire AVE$865,000$825,000421677DETACHD6
5081 GREENSBOROUGH CT$925,000$825,00042.12142DETACHD71
91 TANGLEWOOD DR$925,000$830,00032.23046DETACHD39
875 PALISADES TERRACE DR$929,500$835,000432181DETACHD270
3265 DUNCAN DR$950,000$955,00033.12136DETACHD2
15713 TARA PL$975,000$975,00042.13442DETACHD3
4500 WEST RD$1,179,000$1,135,00042.12479DETACHD54
4233 CHAD DR$1,390,000$1,249,000333403DETACHD18
17200 CANAL CIR$1,379,000$1,390,000321866DETACHD3
2464 PALISADES CREST DR$1,450,000$1,425,00053.14012DETACHD43
18347 LOTHLORIEN WAY$1,700,000$1,650,00053.23950DETACHD17
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) .
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This Week in Lake Oswego

Here are my picks for what to do this coming week in Lake Oswego:

August 12, 2024 – 1:00-2:00 PM ~ Conversational Spanish Group ( Repeats on Mondays )- Come and join the conversational Spanish group and practice your language skills. ACC, 505 G Ave, Lake Oswego  CLICK HERE

Tues, August 13, 2024 – 2:30-4:30 PM ~ Slow Jam ( Repeats Tuesdays ) – Come & enjoy playing music with others! Bring your instrument and make some musical friends.. – ACC, 505 G Avenue Lake Oswego More Info: CLICK HERE

Wed, August 14, 2023 – 6:30-8:30 PM ~ Beat Division ~ Wednesday Series~ Concert in the park!!! Come prepared to dance to the very best New Wave and Post-Punk-era tunes from Duran Duran, The Cure, INXS, Psychedelic Furs, Billy Idol, Echo & The Bunnymen and more!  ~ Westlake Park, 14165 Bunick Drive ~ More Info :  CLICK HERE

Thurs, August 15, 2023 – 7:00 PM ~LOPL Trivia! (Online) ~ Join  your hosts, Jamie and Carissa for some good old fashioned brain games! Email in your trivia questions and show up for some fun! maybe you’ll win a Powell’s gift card : ) Sponsored by Lake Oswego Public Library – More Info:  CLICK HERE

Fri, August 16, 2023 – 10:00-11:30 AM ~ Friday Discussion Group ~ Come join other involved & interested people for this monthly group exchanging ideas. Learn more in the link! ACC, 505 G Avenue Lake Oswego ~ More Info: CLICK HERE

Sat, August 17, 2023 – 8:30AM-1:30 PM – Lake Oswego Farmers Market!~ Wander through all the produce and artisan booths while listening to live music (10:30-12:30). This Farmers Market experience is not to be missed…if you’re looking for it you’ll find it here~  superior produce, meats, seafood, nuts, cheeses, artisan baked goods, jams, jellies, salsas, hummus, nursery items, hot foods, artisan crafts and more! ~ Millennium Plaza Park, 200 1st St, Lake Oswego~ More Info: CLICK HERE

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Market Activity ~ July 29- Aug 4, 2024

Last week Lake Oswego had 23 properties enter the market, 13 move to Pending status and 12 that Sold/Closed. Right now there are 227 properties available ranging from $200,000 to $7,998,000.

Here is the breakdown:

NEW July 29-Aug 4, 2024

AddressList PriceBedsBathsSFProp Type
101 OSWEGO / Main$309,000221212CONDO
422 S STATE ST$425,000211659CONDO
3916 CARMAN DR$449,90022.11278CONDO
16625 ASTOR AVE$575,000321519DETACHD
18421 INDIAN CREEK DR$748,000321836DETACHD
5376 ROSEWOOD ST$765,00032.12483ATTACHD
5314 TUALATA CT$815,00032.12444DETACHD
5379 GREYSTOKE DR$830,000321917DETACHD
1419 HEMLOCK ST$850,000532520DETACHD
4664 Firwood RD$865,000321552DETACHD
1795 OAK ST$950,00043.13632DETACHD
14 HOTSPUR ST$970,00042.12776DETACHD
1471 GREENTREE CIR$1,015,00042.12128DETACHD
1928 PALISADES TERRACE DR$1,195,00055.14337DETACHD
762 9TH ST$1,195,000221251DETACHD
4487 WESTBAY RD$1,200,000321869DETACHD
4224 HAVEN ST$1,299,950322752DETACHD
1830 CLOVERLEAF RD$1,327,50032.11879DETACHD
6080 BURMA RD$1,400,000322134DETACHD
1699 VILLAGE PARK LN$1,499,00032.23085DETACHD
4688 UPPER DR$2,150,00043.13962DETACHD
17787 KELOK RD$2,275,000323083DETACHD
16819 ALLEN RD$7,950,00043.14882DETACHD

PENDING July 29-Aug 4, 2024

AddressList PriceBedsBathsSFProp TypeDays
61 GALEN RD / Ground$189,00011552CONDO48
75 GALEN ST / Ground$299,90022989CONDO71
4490 LAKEVIEW BLVD$699,900321727DETACHD108
668 MCVEY AVE #58$739,00031.1992CONDO137
2405 Knaus RD$750,000321685DETACHD44
20 OTHELLO ST$950,00032.12160DETACHD19
4500 WEST RD$1,149,00042.12479DETACHD54
4487 WESTBAY RD$1,200,000321869DETACHD0
5831 SUNCREEK DR$1,200,00042.12865DETACHD4
5675 MERIDIAN CT$1,400,00043.13075DETACHD2
23 HILLSHIRE DR$1,495,00043.14360DETACHD118
17787 KELOK RD$2,275,000323083DETACHD3
1237 LAKE FRONT RD$2,795,000333378DETACHD20

SOLD/CLOSED July 29-Aug 4, 2024

AddressOpenClosedBedsBathsSFProp TypeDays
4 TOUCHSTONE #62$325,000$295,00032.11351CONDO72
570 S STATE ST / Main$340,000$325,00021914CONDO7
220 RIDGEWAY RD / Upper$350,000$345,00021914CONDO15
2 MOUNTAIN CIR$539,900$552,00021.11372ATTACHD15
236 GREENRIDGE DR$615,000$607,000321492ATTACHD0
17615 SYDNI CT$819,900$799,90042.12651ATTACHD32
14300 CAMDEN LN$975,000$975,00042.12310DETACHD8
5802 RIDGETOP CT$1,090,000$1,084,70042.13160DETACHD4
12730 ADRIAN CT$1,345,000$1,300,00042.13014DETACHD71
13597 ROGERS RD$1,575,000$1,587,50053.13950DETACHD5
745 TERRACE DR$3,000,000$2,150,00032.12708DETACHD30
17952 CARDINAL DR$3,849,900$2,750,00053.24588DETACHD741
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) .
Posted on

Portland Area June 2024 Stats + LO

Here is your breakdown from the previous month/May 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.

June took a nap on the activity front with decreased New Listings, Pending Listings and Closed Sales.  That was not my *personal* experience, Ha! But those are the June overall Portland area numbers.  At the same time, more houses are going on the market now as we can see from Inventory rising, and that may be owing to the fact that we see prices rising in most of the metro giving homeowners decent returns on their investments, with West Portland faring better than N & NE Portland. As I mentioned last month, I am anticipating a busier than usual late summer season.

Rates:“Rates are holding steady in the mid 6% range as inflation eases. Markets are looking good!”      Gary Boyer, Regional VP, Gold Star Mortgage Financial  

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

  • There were 3,044 New Listings in June which is down 7.7% from 3,298 in June 2023 and also down 13.2% from the 3,508 in the previous month/May.
  • At 2,081 June 2024’s Closed Sales (Solds) are down 0.2% from June 2023’s 2,085 and also down 2.8% from the previous month’s total of 2,140.
  • At 2,217 June 2024’s Pending Sales (Accepted Offers) decreased 2.4% from June 2023’s  2,272, and also down 6.2% from the previous month/May’s total of 2,363.
  • The Average Sale Price for June 2024 of, $636,200 is up$9,400. from last year/June 2023’s $626,800, and up $7,200 from the p­­revious month/May’s $629,000. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in June 2024 of $565,000 is up $5,100 from June 2023’s $559,900, & up $6,500 from May’s $558,500    

LAKE OSWEGO: (Month of June ’24)

316 Active Listings (May 269)
173 New Listings  (May 198)
107 Pending Sales (May 128)
98 Closed Sales  (May 110)
Average Sale Price for June: $1,031,600 (May $965,600)
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.
48 Days on the Market   (May 54)

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

Posted on

Market Activity ~ July 15-21

Last week Lake Oswego saw 28 properties enter the market (New), 18 move to Pending status, and 15 that Closed/Sold. Right now there are 218 home available ranging from $189,000 to $7,998,000.

Here is the breakdown:

NEW July 15-21, 2024

AddressList PriceBedsBathsSFProp Type
123 OSWEGO SUMMIT / Upper$285,000221212CONDO
45 EAGLE CREST DR, #219$289,900321647CONDO
47 EAGLE CREST DR, #20$297,000211009CONDO
4638 LOWER DR / Main$310,00021.11260CONDO
46 CRESTFIELD CT / Upper$319,90021923CONDO
154 Oswego Summit, #22$325,000221506CONDO
576 S STATE ST / Main$335,00021914CONDO
4047 Jefferson PKWY$398,00032.11259ATTACHD
5225 JEAN RD, #312$415,000221400CONDO
4390 THUNDER VISTA LN /Main$416,00022.11684CONDO
13371 Peters Road$699,90032.12295DETACHD
4537 HERITAGE LN$775,00032.11619DETACHD
5140 LOWER DR$800,000321706DETACHD
16441 Bonaire AVE$865,000421677DETACHD
1 WINDSOR CT$879,99932.12038DETACHD
4511 OAKRIDGE RD$899,00032.12129ATTACHD
3899 TAMARACK LN$950,00042.12743DETACHD
3265 DUNCAN DR$950,00033.12136DETACHD
13546 PETERS RD$1,200,000333036DETACHD
17644 TREE TOP LN$1,250,00043.14240DETACHD
1015 SOUTHSHORE BLVD$1,250,000433882DETACHD
16792 QUAIL CT$1,275,00042.13222DETACHD
2337 HILLSIDE LN$1,749,00053.14932DETACHD
2855 BROOKSIDE RD$1,798,00042.14046DETACHD
4679 DOGWOOD DR$1,875,00053.24194DETACHD
17309 WESTVIEW DR$2,245,00043.13973DETACHD
17210 WALL ST$2,999,9006610883DETACHD
14760 UPLANDS DR$3,895,00054.15156DETACHD

PENDING July 15-21, 2024

AddressList PriceBedsBathsSFProp TypeDays
45 EAGLE CREST DR, #422$275,000321348CONDO69
4 TOUCHSTONE, #114$285,00022993CONDO7
4 TOUCHSTONE, #90$305,00032.11351CONDO23
5057 FOOTHILLS DR, B$399,000221252CONDO64
18308 PILKINGTON RD$595,00032.11511DETACHD30
48 AQUINAS ST$779,900422693DETACHD22
91 TANGLEWOOD DR$839,00032.23046DETACHD39
3265 DUNCAN DR$950,00033.12136DETACHD2
15713 TARA PL$975,00042.13442DETACHD3
19428 RIVER RUN DR$1,040,00042.12918DETACHD44
13546 PETERS RD$1,200,000333036DETACHD3
2222 CREST DR$1,249,000432820DETACHD5
139 DEL PRADO ST$1,425,00042.12935DETACHD150
2464 PALISADES CREST DR$1,450,00053.14012DETACHD43
2051 WEMBLEY PARK RD$1,495,000432750DETACHD3
1961 CHERYL CT$1,950,00054.15124DETACHD33
529 8TH ST$2,299,90043.13569DETACHD246
1755 MAPLELEAF RD$2,500,000444071DETACHD18

SOLD July 15-21, 2024

AddressOpeningClosedBedsBathsSFProp TypeDays
19250 SW MAREE CT$675,000$672,00032.11519DETACHD26
120 CONDOLEA DR / Ground$739,000$720,000332958CONDO51
17207 REBECCA LN$769,990$755,00032.11917DETACHD33
2 CREEKSIDE TER$879,000$865,00052.12905DETACHD41
6 BERNINI CT$875,000$885,00032.12756DETACHD2
5045 GREENSBOROUGH CT$925,000$890,00042.12107DETACHD23
4736 LAKEVIEW BLVD$1,195,000$1,180,00053.12838DETACHD4
17251 GREENTREE AVE$1,299,000$1,199,000433064DETACHD22
12715 ADRIAN CT$1,300,000$1,260,00032.13003DETACHD10
16625 PACIFIC HWY$1,495,000$1,422,90043.13542DETACHD16
2370 PALISADES CREST DR$1,600,000$1,450,00043.14249DETACHD94
1049 NORTHSHORE PL$1,599,900$1,600,000442134DETACHD3
14190 SUNDELEAF DR$1,950,000$1,820,000543855DETACHD19
13068 KNAUS RD$2,498,000$2,400,00055.36512DETACHD75
14760 UPLANDS DR$3,895,000$4,075,00054.15156DETACHD0
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) .