One of the best things about living in Lake Oswego during the summer months is the Farmers Market every Saturday at Millennium Plaza Park which starts this coming Saturday May 11th & repeats until October 5th. Not only are there fabulous foods to peruse as you slowly saunter through the visually splendid arrays, but you’ll find local Artisans offering their handiwork of every kind, and always live music. The market itself opens at 8:30AM and goes until 1:30PM. Live Music starts at 10:30 and runs through 12:30PM. There are other perks too for kids and a SNAP matching program. Here is a link for more information! CLICK HERE
Last week we saw 21 properties enter the market in Lake Oswego, 12 move to Pending status, and 14 that Closed/Sold. Right now there are 172 properties available ranging from $199,900mto $11,500,000.
Here is the breakdown:
NEW April 22-28, 2024
Address
List Price
Beds
Baths
SF
Prop Type
350 CERVANTES CIR #1 E
$250,000
2
1.1
912
CONDO
86 KINGSGATE RD, D106
$310,000
2
2
938
CONDO
4608 LOWER DR
$325,000
2
1.1
1260
CONDO
3926 CARMAN DR
$425,000
2
2.1
1129
CONDO
4438 THUNDER VISTA LN
$453,000
2
2.1
2040
CONDO
668 MCVEY AVE #24
$515,000
1
1
636
CONDO
38 GREENRIDGE CT
$584,900
3
2.1
1996
ATTACHD
668 MCVEY AVE #83
$605,000
2
1.1
992
CONDO
16309 LAKE FOREST BLVD
$617,500
3
2
1608
DETACHD
69 CONDOLEA TER / Main
$620,000
2
2.1
2157
CONDO
2924 ORCHARD HILL PL
$759,900
3
2.1
2264
DETACHD
4610 LAMONT WAY
$775,000
3
2
1770
DETACHD
4890 INDIAN CREEK CT
$925,000
3
2
2064
DETACHD
16056 REESE RD
$1,199,500
3
2
1736
DETACHD
3037 TOLKIEN LN
$1,275,000
4
3
3159
DETACHD
13932 SUNDELEAF DR
$1,399,000
3
2.1
3068
DETACHD
5184 WOODCREST LN
$1,400,000
5
2.1
3259
DETACHD
19158 MEGAN PL
$1,549,000
4
3.1
4910
DETACHD
3730 UPPER DR
$2,100,000
4
2
2752
DETACHD
4250 UPPER DR
$2,649,000
4
3.1
4465
DETACHD
260 IRON MOUNTAIN BLVD
$3,998,000
5
4.2
6048
DETACHD
PENDING April 22-28, 2024
Address
List Price
Beds
Baths
SF
Prop Type
Days
16250 PACIFIC HWY #65
$295,000
1
1
841
CONDO
8
4204 WOODSIDE CIR
$560,000
2
2
1308
ATTACHD
11
5077 SW DAWN ST
$619,900
3
2
1572
DETACHD
6
69 CONDOLEA TER / Main
$620,000
2
2.1
2157
CONDO
2
15275 BOONES WAY
$629,000
2
2
1320
ATTACHD
13
2924 ORCHARD HILL PL
$759,900
3
2.1
2264
DETACHD
1
3311 FIR RIDGE RD
$998,000
3
2.1
2123
DETACHD
3
1970 GREENTREE RD
$1,149,000
4
3
2428
DETACHD
7
3037 TOLKIEN LN
$1,275,000
4
3
3159
DETACHD
2
5511 WESTFIELD CT
$1,345,000
4
2.1
4035
DETACHD
20
17228 BLUE HERON RD
$1,769,000
4
2.2
4236
DETACHD
248
310 CHANDLER PL
$2,595,000
4
3.1
3866
DETACHD
113
SOLD April 22-28, 2024
Address
Opening
Closed
Beds
Baths
SF
Prop Type
Days
30 WHEATHERSTONE
$525,000
$525,000
3
2.1
1692
CONDO
22
5 PHEASANT
$669,000
$626,000
3
2
1420
DETACHD
163
1386 BOCA RATAN DR
$635,000
$640,000
3
2.1
1739
ATTACHD
42
5097 ROSEWOOD ST
$725,000
$685,000
4
2.1
1920
DETACHD
202
30 MORNINGVIEW CIR
$750,000
$797,000
3
3
2276
DETACHD
0
6236 SW WAYZATA CT
$900,000
$890,000
4
2.1
2127
DETACHD
10
4407 OAKRIDGE RD
$939,000
$925,000
3
2.1
2265
ATTACHD
10
1530 LARCH ST
$1,039,000
$1,070,000
4
3
2384
DETACHD
2
46 DA VINCI ST
$1,195,000
$1,215,000
5
3
3378
DETACHD
4
14143 TAYLORS CREST LN
$1,259,000
$1,253,000
4
3
3453
DETACHD
3
14674 RAINBOW DR
$1,295,000
$1,300,000
4
3
3190
DETACHD
11
2316 OAKHURST LN
$1,350,000
$1,300,000
4
2.1
3639
DETACHD
9
16850 CORTEZ CT
$1,950,000
$1,880,000
5
4
3719
DETACHD
14
2101 WEMBLEY PARK RD
$3,100,000
$3,100,000
5
4.1
5016
DETACHD
28
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) .
Here is your breakdown from the previous month/March 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 ~ March 2024 Market Data:
Inventory indicates homeowners are still holding on to their properties, presumably waiting for some more pronounced indications of rates going down for their own purchases. And/but Buyers seem to have recognized that this is a temporary, albeit annoying situation wherein the strong economy is keeping the Fed from easing up just yet. Spring has sprung and we’re seeing most neighborhoods/areas inching up in demand and price…yet another reason Buyers are not waiting.
Rates:“Rates have pushed higher from persistent inflation. They are currently on the low 7% range.” Gary Boyer, Regional VP, Directors Mortgage
According to the RMLS Market Action Report for the Portland Metro Area March 2024:
There were 2,425 New Listings in March which is down 7.5% from 2,623 in March 2023 and up 16.3% from the 2,085 in the previous month/February.
At 1,578 March 2024’s Closed Sales (Solds) are down 9.6% from March 2023’s 1,745 and up 22.9% from the previous month’s total of 1,284.
At 2,138 March 2024’s Pending Sales (Accepted Offers) are up 2.8% from March 2023’s 2,079, and up 22.7% from the previous month/February’s total of 1,742.
The Average Sale Price for March 2024 of, $590,400 is up$5,900. from last year/March 2023’s $584,500, and up $13,500 from the previous month/Feb’s $576,900.
The “Median Sale Price (the price smack dab in the middle of all sales) in March 2024 of $535,000 is up $10,000 from March 2023’s $525,000, & up $5,000 from Feb’s $530,000
LAKE OSWEGO: (Month of March ’24)
185 Active Listings (Feb 177) 147 New Listings (Feb 123) 121 Pending Sales (Feb 91) 78 Closed Sales (Feb 60) Average Sale Price for March: $1,094,000 (Feb $1,018,400) 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. 85 Days on the Market (Feb 77)
The data listed above is as reported by the Regional Multiple Listing Service (RMLS)
Last week Lake Oswego had 19 properties enter the market, 15 move to Pending status, and 17 that Closed/Sold. Right now there are 157 properties available ranging from $199,900 to $11,500,000.
Here is the breakdown:
NEW April 8-14, 2024
Address
List Price
Beds
Baths
SF
Prop Type
15494 BRIANNE CT
$469,000
2
2.1
1320
ATTACHD
88 GREENRIDGE CT
$525,000
2
2
1314
ATTACHD
4204 WOODSIDE CIR
$560,000
2
2
1308
ATTACHD
15275 BOONES WAY
$629,000
2
2
1320
ATTACHD
4295 WOODSIDE CIR
$675,500
3
2
2026
ATTACHD
2703 ORCHARD HILL PL
$745,000
4
3
3292
DETACHD
5749 WINDFIELD LOOP
$749,000
3
3
1873
DETACHD
4490 LAKEVIEW BLVD
$779,900
3
2
1727
DETACHD
2 ABELARD ST
$898,000
3
3.1
3026
DETACHD
17007 WESTVIEW DR
$1,050,000
5
4
2649
DETACHD
13660 SHIREVA DR
$1,295,000
4
3
2697
DETACHD
13330 HIDDEN BAY CT
$1,325,000
4
2.1
3030
DETACHD
5511 WESTFIELD CT
$1,385,000
4
2.1
4035
DETACHD
4042 CANAL WOODS CT
$1,500,000
4
3.1
4302
DETACHD
2020 RIDGEWOOD LN
$1,550,000
3
2.1
3082
DETACHD
16827 SCOTT CT
$1,550,000
4
3.1
4225
DETACHD
4464 LAKEVIEW BLVD
$2,998,000
3
4
3596
DETACHD
15780 TWIN FIR RD
$3,298,000
4
4.1
4270
DETACHD
16470 PHANTOM BLUFF CT
$3,495,000
4
4.1
5188
DETACHD
PENDING April 8-14, 2024
Address
List Price
Beds
Baths
SF
Prop Type
Days
44 EAGLE CREST DR #38
$250,000
1
1
798
CONDO
18
86 KINGSGATE RD #46
$335,000
2
2
938
CONDO
3
16250 PACIFIC HWY #58
$369,900
2
2
1305
CONDO
17
14362 SHERBROOK PL
$465,000
2
1.1
1279
ATTACHD
184
5 PHEASANT
$639,900
3
2
1420
DETACHD
163
4295 WOODSIDE CIR
$675,500
3
2
2026
ATTACHD
2
31 PARTRIDGE LN
$749,900
4
3
3158
DETACHD
50
8 DEL PRADO ST
$1,050,000
5
3
3548
DETACHD
8
46 DA VINCI ST
$1,195,000
5
3
3378
DETACHD
4
13536 STREAMSIDE DR
$1,249,000
4
3.1
3002
DETACHD
4
818 ASH ST
$1,250,000
3
2
1500
DETACHD
66
16827 SCOTT CT
$1,550,000
4
3.1
4225
DETACHD
3
1687 VILLAGE PARK LN
$1,599,000
4
3
3362
DETACHD
3
17660 WAYSIDE LN
$2,195,000
5
5.1
5975
DETACHD
91
15780 TWIN FIR RD
$3,298,000
4
4.1
4270
DETACHD
3
SOLD April 8-14, 2024
Address
Opening
Closed
Beds
Baths
SF
Prop Type
Days
4 TOUCHSTONE #107
$319,999
$285,000
3
2.1
1351
CONDO
267
16250 PACIFIC HWY #57
$384,000
$359,000
2
2
1305
CONDO
405
26 GREENRIDGE CT
$497,000
$420,000
3
2.1
1996
ATTACHD
127
5052 FOOTHILLS DR, C
$445,000
$425,000
3
2
1252
CONDO
43
10 CONDOLEA DR / Main
$499,000
$505,000
2
2
1312
CONDO
9
16900 GASSNER LN
$839,000
$750,000
4
3
3480
DETACHD
12
14 ICARUS LOOP
$819,900
$788,000
3
2.1
3201
DETACHD
213
18150 BRYANT RD
$824,900
$820,000
3
2
1468
DETACHD
26
14480 CAMDEN LN
$940,000
$899,000
3
2.1
2069
DETACHD
41
4908 HASTINGS DR
$950,000
$930,000
3
2.1
2109
DETACHD
7
24 AQUINAS ST
$1,050,000
$931,680
3
2.1
3200
DETACHD
28
838 ASH ST
$1,058,000
$1,054,500
4
2.1
2785
DETACHD
5
47 HILLSHIRE DR
$1,550,000
$1,418,000
4
2.1
3324
DETACHD
187
17663 HILL WAY
$1,799,900
$1,739,900
3
3
3375
DETACHD
482
12830 ALTO PARK RD
$1,899,900
$1,899,900
4
3.1
3509
DETACHD
32
14050 GOODALL RD
$2,450,000
$2,250,000
5
4.2
6943
DETACHD
9
1617 LAKE FRONT RD
$4,898,000
$4,700,000
4
4.1
4610
DETACHD
226
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) .
Every Saturday in lake Oswego we get to enjoy the Farmers Market at Millennium Plaza Park CLICK HERE FOR MORE INFO and we have a couple more “Special” markets happening this week in Lake Oswego too! One is the First Sunday Market in Lake Grove CLICK HERE FOR MORE INFO***AND*** a special event tonight/Saturday at Elephants Delicatessen with local artisans and all manner of food & fun:Night Market!!!CLICK HERE FOR MORE INFO .
Last week Lake Oswego had 16 Properties enter the market (New), 20 move to Pending/Accepted Offer status, and 21 that Sold/Closed. Right now there are 148 properties available in Lake Oswego ranging from $199,900 to $11,500, 000.
Here is the breakdown according to RMLS:
NEW March 25-31, 2024
Address
List Price
Beds
Baths
SF
Prop Type
44 EAGLE CREST DR, #38
$250,000
1
1
798
CONDO
141 Oswego Summit / Upper
$315,000
2
2
1140
CONDO
50 CERVANTES CIR
$319,000
2
1.1
1399
CONDO
15240 BOONES WAY / Main
$445,000
2
2
1180
CONDO
15486 BRIANNE CT
$459,000
2
2.1
1284
CONDO
16200 PACIFIC HWY, #2
$499,900
2
2
1190
CONDO
456 5TH ST
$650,000
2
1.1
1092
CONDO
6239 EDGEWOOD ST
$679,000
3
2
1434
DETACHD
30 MORNINGVIEW CIR
$750,000
3
3
2276
DETACHD
16855 FERNWOOD DR
$899,000
4
3
2735
DETACHD
17867 SUNDOWN CT
$995,000
3
3.1
2763
DETACHD
1530 LARCH ST
$1,039,000
4
3
2384
DETACHD
62 Touchstone
$1,289,000
5
3
3972
DETACHD
214 NORTHSHORE RD
$1,599,900
3
3
1978
DETACHD
4992 PARK BLUFF PL
$2,200,000
4
3.2
4023
DETACHD
3096 WEMBLEY PARK RD
$2,395,000
5
4
4165
DETACHD
PENDING March 25-31, 2024
Address
List Price
Beds
Baths
SF
Prop Type
Days
100 KERR PKWY, #41
$225,000
2
1.1
822
CONDO
26
45 EAGLE CREST DR, #207
$250,000
2
1.1
1056
CONDO
512 S STATE ST, #512
$315,000
1
1
829
CONDO
16
15486 BRIANNE CT
$459,000
2
2.1
1284
CONDO
3
10 CONDOLEA DR / Main
$499,000
2
2
1312
CONDO
9
5726 SW DOGWOOD DR
$519,000
3
1
2664
DETACHD
29
30 WHEATHERSTONE
$525,000
3
2.1
1692
CONDO
22
30 MORNINGVIEW CIR
$750,000
3
3
2276
DETACHD
0
18150 BRYANT RD
$824,900
3
2
1468
DETACHD
26
17558 BRYANT RD
$825,000
4
2.1
2172
DETACHD
50
6236 SW WAYZATA CT
$900,000
4
2.1
2127
DETACHD
10
4407 OAKRIDGE RD
$939,000
3
2.1
2265
ATTACHD
10
1530 LARCH ST
$1,039,000
4
3
2384
DETACHD
2
14674 RAINBOW DR
$1,295,000
4
3
3190
DETACHD
11
2316 OAKHURST LN
$1,350,000
4
2.1
3639
DETACHD
9
16368 LAKE FOREST BLVD
$1,399,000
4
2.1
2750
DETACHD
27
13180 THOMA RD
$2,150,000
5
4.1
5526
DETACHD
13
4992 PARK BLUFF PL
$2,200,000
4
3.2
4023
DETACHD
0
17331 CANYON DR
$2,295,000
4
4
3795
DETACHD
53
3145 Douglas CIR
$3,299,900
4
4.1
4735
DETACHD
42
SOLD March 25-31, 2024
Address
Opening
Closed/Sold
Beds
Baths
SF
Prop Type
Days
5054 FOOTHILLS DR, H
$400,000
$330,000
3
2
1252
CONDO
249
200 BURNHAM RD, #306
$359,000
$339,000
2
1
1199
CONDO
654
4516 LOWER DR, B4
$575,000
$575,000
3
2.1
1997
CONDO
297
3485 DEVONSHIRE DR
$624,950
$600,000
3
2
1556
ATTACHD
17
4736 AMHERST CT
$834,900
$710,000
3
2.1
2929
ATTACHD
12
3930 SOUTHSHORE BLVD
$725,000
$750,000
4
2
3526
DETACHD
1052
17 SPINOSA
$750,000
$760,000
3
2
3123
DETACHD
1
121 WILBUR ST
$749,900
$765,000
3
2
1631
CONDO
4
16084 WHITE OAKS DR
$975,000
$938,000
4
2.1
2226
DETACHD
4
3814 RIVERS EDGE DR
$1,000,000
$950,000
4
2.1
2937
DETACHD
12
304 6TH ST
$1,000,000
$975,000
3
2
1691
DETACHD
23
18 MONTICELLO DR
$985,000
$981,000
6
3
4626
DETACHD
19
13265 FOX RUN
$1,089,000
$1,089,000
4
2.1
2614
DETACHD
3
15119 QUARRY RD
$1,198,000
$1,100,000
3
2
2106
DETACHD
2
322 2ND ST
$1,215,000
$1,205,000
3
3.1
1974
ATTACHD
190
3721 UPPER DR
$1,995,000
$1,450,000
4
2.1
3249
DETACHD
7
1420 MORNING SKY CT
$1,529,900
$1,530,000
4
3.1
3613
DETACHD
32
2679 GLEN EAGLES RD
$2,147,000
$2,147,000
4
4.1
4709
DETACHD
4
4243 UPPER DR
$2,249,900
$2,175,000
4
4
3361
DETACHD
35
3070 WEMBLEY PARK RD
$2,395,000
$2,272,000
4
3.1
4032
DETACHD
8
755 ELLIS AVE
$3,587,000
$3,350,000
5
4.1
4966
DETACHD
42
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) .
Lake Oswego makes itself available in terms of opening up to visitors in meetings of all kinds in it’s community approach to tackling the issues that are important to us all. There is so much going on in Lake Oswego and in our own lives that sometimes it’s hard to keep up! Never fear~ If you are interested in a particular issue and are not able to attend a meeting, or want to attend any number of virtual meetings, you can always check in online, or watch it later on repeat in the comfort of your own home. Here’s the Link! CLICK HERE
Last week Lake Oswego had 26 properties enter the market (“New”), 22 move to Pending/Accepted Offer status, and 12 that Closed/Sold. Right now there are 139 properties available ranging from $199,900 to $11,500,000.
NEW March 11-17, 2024
Address
List Price
Beds
Baths
SF
Prop Type
4000 CARMAN DR 7
$310,000
2
2
866
CONDO
512 S STATE ST 512
$315,000
1
1
829
CONDO
238 RIDGEWAY RD 16C
$350,000
2
1
914
CONDO
2001 BONNIEBRAE DR
$665,000
3
2.1
1739
ATTACHD
3930 SOUTHSHORE BLVD
$725,000
4
2
3526
DETACHD
47 TANGLEWOOD DR
$759,900
4
3.1
2917
DETACHD
17503 BRYANT RD
$849,900
4
2.1
2446
DETACHD
5222 ROSEWOOD ST
$850,000
3
2.1
2414
DETACHD
14100 KNAUS RD
$899,000
3
2.1
2849
DETACHD
4407 OAKRIDGE RD
$939,000
3
2.1
2265
ATTACHD
18 MONTICELLO DR
$985,000
6
3
4626
DETACHD
838 ASH ST
$1,058,000
4
2.1
2785
DETACHD
25 DA VINCI ST
$1,175,500
3
3
3026
DETACHD
17787 BLUE HERON DR
$1,195,000
4
3
2519
DETACHD
1476 GREENTREE CIR
$1,200,000
3
2.1
2030
DETACHD
14674 RAINBOW DR
$1,295,000
4
3
3190
DETACHD
5525 Childs
$1,299,900
4
3
2982
ATTACHD
4105 PFEIFER CT
$1,425,000
5
2.1
4176
DETACHD
5404 DENTON DR
$1,495,000
4
2.1
3122
DETACHD
475 8TH ST
$1,500,000
4
2.1
2753
DETACHD
469 7TH ST
$1,875,000
4
3.1
4050
DETACHD
2102 FERNWOOD DR
$1,995,000
4
3.1
3556
DETACHD
13180 THOMA RD
$2,250,000
5
4.1
5526
DETACHD
1940 HIGHLANDS LOOP
$2,695,000
4
4.2
4080
DETACHD
1098 CHANDLER RD
$3,998,000
4
3.1
3943
DETACHD
2406 Glen Eagles
$4,150,000
5
5.1
5658
DETACHD
PENDING March 11-17, 2024
Address
List Price
Beds
Baths
SF
Prop Type
Days
200 BURNHAM RD 306
$359,000
2
1
1199
CONDO
42
5054 FOOTHILLS DR H
$400,000
3
2
1252
CONDO
7
200 BURNHAM RD 209
$412,000
2
2
1305
CONDO
59
5052 FOOTHILLS DR C
$445,000
3
2
1252
CONDO
43
4462 THUNDER VISTA LN
$450,000
2
2.1
1821
CONDO
6
3930 SOUTHSHORE BLVD
$725,000
4
2
3526
DETACHD
1
31 PARTRIDGE LN
$749,900
4
3
3158
DETACHD
23
14 ICARUS LOOP
$795,000
3
2.1
3201
DETACHD
213
18211 INDIAN CREEK DR
$799,000
3
1
2204
ATTACHD
140
4908 HASTINGS DR
$950,000
3
2.1
2109
DETACHD
7
24 AQUINAS ST
$950,000
3
2.1
3200
DETACHD
28
14231 Edenberry DR
$999,999
4
2.1
2936
DETACHD
26
304 6TH ST
$1,000,000
3
2
1691
DETACHD
4
1451 GREENTREE CIR
$1,175,000
4
3.1
2328
DETACHD
16
322 2ND ST
$1,215,000
3
3.1
1974
ATTACHD
19
18255 TAMAWAY DR
$1,375,000
4
2.1
3457
DETACHD
6
4105 PFEIFER CT
$1,425,000
5
2.1
4176
DETACHD
0
5404 DENTON DR
$1,495,000
4
2.1
3122
DETACHD
3
475 8TH ST
$1,500,000
4
2.1
2753
DETACHD
3
17625 WOODHURST PL
$1,648,000
5
4.1
4513
DETACHD
14
12830 ALTO PARK RD
$1,899,900
4
3.1
3509
DETACHD
32
16772 ALDER CIR
$3,799,500
4
3.1
3282
DETACHD
216
SOLD March 11-17, 2024
Address
Opening
Closed
Beds
Baths
SF
Prop Type
Days
5059 FOOTHILLS DR B
$350,000
$360,000
2
2
991
CONDO
3
3101 MCNARY PKWY 8
$399,000
$390,000
3
2.1
1884
ATTACHD
185
750 1ST ST 26
$485,000
$400,000
2
2
1350
CONDO
26
1682 BONNIEBRAE DR
$585,000
$585,000
4
2
1611
ATTACHD
5
111 3RD ST
$650,000
$661,000
2
2
1206
CONDO
5
4 GARIBALDI ST
$699,000
$727,000
3
2.1
2430
DETACHD
2
5228 COVENTRY CT
$975,000
$975,000
4
2.1
2382
DETACHD
1
363 3RD ST
$1,015,000
$995,000
3
3.1
2112
ATTACHD
9
1476 GREENTREE CIR
$1,200,000
$1,200,000
3
2.1
2030
DETACHD
0
1500 EASTVIEW CT
$1,500,000
$1,525,000
4
3.1
3872
DETACHD
4
1425 MAPLE ST
$1,935,000
$1,850,000
4
3.1
3583
DETACHD
653
19175 PILKINGTON RD
$2,250,000
$2,080,000
5
4
4129
DETACHD
202
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) .
Here is your breakdown from the previous month/February 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 ~ February 2024 Market Data: OK! We still need more Inventory but, noting the usual surge at the beginning of the year, we’re still in decent shape compared to recent history. More people are Listing their homes than at this time last year, and Buyer activity is up as evidenced by the rise in Pending sales/Accepted Offers over last month. East side prices all appear to be rising and we see West Portland, Beaverton, Tigard and Hillsboro areas all seeming to take a little dip.
Rates:“No surprises with recent inflation and jobs data means rates are holding steady in the mid to upper 6% range” Gary Boyer, Regional VP, Directors Mortgage
According to the RMLS Market Action Report for the Portland Metro Area February 2024:
There were 2,085 New Listings in February which is up 18.2% from 1,764 in Feb 2023 and up 7.4% from the 1,941 in the previous month/January.
At 1,284 Feb 2024’s Closed Sales (Solds) are down 10.5% from Feb 2023’s 1,434, and up 14.6% from the previous month’s total of 1,120.
At 1,742 Feb 2024’s Pending Sales (Accepted Offers) are up 2.3% from Feb 2023’s 1,703, and up 16.8% from the previous month/January’s total of 1,492.
The Average Sale Price for Feb 2024 of, $576,900 is up$7,700. from last year/ Feb 2023’s $569,200, and up $12,300 from the previous month/Jan’s $564,600.
The “Median Sale Price (the price smack dab in the middle of all sales) in Feb 2024 of $530,000 is up $17,100 from Feb 2023’s $512,900, & up $25,000 from Jan’s $505,000
LAKE OSWEGO: (Month of Feb ’24)
177 Active Listings (Jan 167) 123 New Listings (Jan 96) 91 Pending Sales (Jan 69) 60 Closed Sales (Jan 44) Average Sale Price for Feb: $1,018,400 (Jan $883,600) 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. 77 Days on the Market (Jan 89)
The data listed above is as reported by the Regional Multiple Listing Service (RMLS)
Last week Lake Oswego had 18 New properties enter the market, 17 move to Pending status, and 13 that Sold/Closed. There are currently 125 properties available ranging from $199,900 to $11,500,000.
