Category: General

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.

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)

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 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!

Closed sales and pending sales are holding strong with 16 closed sales and 12 pending sales in Lake Oswego last week. This is a reflection of folks being motivated to get into their new home before the holidays. Active listings have dropped off to just 6. One of those sold quickly and appears in this report as a pending sale.

See below for RMLS data.

New Listings Oct 28-Nov 3, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet
4 Touchstone #110	Condo	$270,000	2	2	989
5061 Foothills Dr B	Condo	$419,000	2	2	1077
5722 Fernbrook Way	Detached	$715,000	3	2	1580
333 6th St	Detached	$2,325,000	4	3.5	3605
1289 Chandler Rd	Detached	$5,100,000	4	4.5+.5	5451

Pending Sales Oct 28-Nov 3, 2028

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
5 Crestfield Ct	Condo	$285,000	2	1	921	16
6313 Alyssa Ter	Attached	$499,000	3	2.5	1534	58
5320 Chinook Ct	Detached	$575,000	3	1.5	1008	97
1277 Hallinan Cir	Detached	$649,000	3	2	1242	6
1471 Greentree Cir	Detached	$899,900	4	2.5	2128	91
4737 Lakeview Blvd	Detached	$949,000	4	2.5	2673	50
5364 Denton Dr	Detached	$1,250,000	4	2.5	3143	3
18440 Delenka Ln	Detached	$1,350,000	4	3.5	4696	28
5464 Southwood Dr	Detached	$1,450,000	5	3	3687	16
14260 Uplands Dr	Detached	$1,595,000	4	3	2924	2
3131 Westview Ct	Detached	$1,899,996	4	4.5	4597	52
17575 Crestline Dr	Detached	$3,898,000	5	4.5+.5	7240	85

Sold/Closed Oct 28-Nov 3, 2024

Address	Type	List Price	Closed Price	Sq Feet	CDOM
100 Kerr Pkwy #24	Condo	$207,000	$150,000	617	46
4000 Carman Dr D57	Condo	$319,900	$291,000	836	7
5061 Foothills Dr #87	Condo	$419,000	$400,000	991	8
5225 Jean Rd #501	Condo	$445,000	$440,000	1500	8
16538 Carnegie Ave	Detached	$589,900	$520,000	1189	41
5512 Childs Rd	Detached	$729,900	$604,000	1928	224
6355 Dawn St	Detached	$625,000	$610,000	1268	113
27 Oriole Ln	Detached	$675,000	$650,000	1851	33
5437 Heritage Ln	Detached	$775,000	$759,000	1619	62
18434 Sandpiper Cir	Detached	$824,900	$824,900	1849	7
3853 Carman Dr	Detached	$1,075,000	$1,088,094	2531	5
5651 La Mesa Ct	Detached	$1,170,000	$1,175,000	2718	1
1507 Cedar St	Detached	$1,249,000	$1,200,000	2590	21
10 Sherwood Ct	Detached	$1,575,000	$1,320,000	3289	116
2990 Glen Eagles Rd	Detached	$1,495,000	$1,500,000	3787	3
17160 Wall St	Detached	$1,899,000	$1,799,000	3305	86

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

Today we awake in the same great community we fell asleep in. Over our history as a community we’ve consistently demonstrated our ability to come together, lead by example, respectfully engage in civil dialogue and care for one another as neighbors. We’re a community of mixed political beliefs but many shared values, and today, just like every day, our neighbors are counting on us to continuing supporting one another as we make Lake Oswego a community every resident feels safe and at home in, where we enhance the natural environment for future generations, where local businesses can thrive and where our kids receive an incredible education.

I’m grateful to Lake Oswego voters for another term as your mayor. In that role my first priority is to ensure our community is safe and healthy for everyone in it. The impact we all have locally from the love we hold for our City and one another as neighbors transcends any national rhetoric meant to divide and instill fear. As Oswegans we stand united behind ensuring a positive future for our City, in protecting every one of our neighbors and in standing up for what’s right and just. I look forward to walking hand and hand with you all and my colleagues on the City Council as we work toward many more shared accomplishments in the years ahead! Congratulations to Councilors Mboup, Verdick and Rapf on their re-elections and to State Rep. Daniel Nguyen on his! Our community has good people representing it thanks to you all as voters.

Joe Buck, 11/6/24

Sally Harman and Frank Gruner will be conducting a benefit concert on October 20th to benefit the victims of Hurricane Helene.

Sally and Frank have been fixtures in the music scene in Lake Oswego for years. My daughter introduced me to Sally when she was attending Lakeridge Middle School. She’s now 38 years old, so that was some time ago. Sally did a lot of volunteering at the school and my daughter really connected with her.

She and Frank perform classical and Jazz. They are wonderful!

Attendees are asked to make donations to Hurrican Helene relief efforts.

The concert will be held at the United Methodist Church, 1855 Southshore Blvd, at 4:00pm on October 20th.

It will be a fun event and, hopefully, go a long way to help others in desperate need right now.

Dianne

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:

Oct 7, 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, Oct 8 , 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, Oct 9 – 5:30PM-7:00PMPM ~Happy Hour Yoga ~ The more the merrier at this yoga + wine event ~Millennium Park Plaza, Lake Oswego ~ More Info :  CLICK HERE

Thurs, Oct 10, 2024 – 6:00-7:00 PM ~Teen Advisory Board ~ Discuss volunteer projects and programming ideas (e.g. book groups, movie nights, etc.). ~ Lake Oswego Library ~  More Info :  CLICK HERE

Fri, Oct 11, 2024 – 7:00-9:00 PM ~ Living Well Dance featuring the Millennium Dance Band. ~ Come dance to music from the 30’s 40’s and 50’s with ballroom classics. All ages invited. $7.00 at the door. ~CCP, 1060 Chandler Rd~ More Info: CLICK HERE

Sat, Oct 12, 2024 – 3:00PM-4:00PM – Lego Club~ Imagine, build and create! Lego bricks provided. Recommended for ages K-5. Creations will be displayed for 2 weeks. ~ Lake Oswego Library, Childrens’ Library~ More Info : CLICK HERE

Last week Lake Oswego welcomed 12 properties into the marketplace, saw 5 move to Pending status and 12 that Sold/Closed.

Right now there are 219 properties available in Lake Oswego ranging from $185,000 to $11,900,000.

Here is the breakdown:

NEW Sept 30-Oct 6, 2024

Address	List Price	Beds	Baths	SF	Prop Type
44 EAGLE CREST DR #19	$245,000	2	1	908	CONDO
25 CRESTFIELD CT / Lower	$314,900	2	2	995	CONDO
4000 CARMAN DR, D57	$319,900	2	2	836	CONDO
5061 FOOTHILLS DR / Upper	$419,000	2	2	991	CONDO
4312 BOTTICELLI ST / B #8	$485,000	2	2.1	2285	ATTACHD
4912 Hampton CT	$799,950	3	2.1	2039	DETACHD
18100 BRYANT RD	$1,050,000	3	1.1	1804	DETACHD
5651 LA MESA CT	$1,170,000	4	2.1	2718	DETACHD
18440 DELENKA LN	$1,350,000	4	3.1	4696	DETACHD
15459 VILLAGE DR	$1,499,000	4	3.1	3049	DETACHD
15007 TWIN FIR RD	$1,800,000	4	3.1	3075	DETACHD
13560 Goodall RD #7	$5,495,000	4	5.1	5964	DETACHD

PENDING Sept 30-Oct 6, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE DR #147	$330,000	3	2.1	1351	CONDO	27
2651 LOOKOUT CT	$759,000	5	2.1	2472	DETACHD	62
1029 LAUREL ST	$1,175,000	5	3.1	3208	DETACHD	108
1960 MAPLELEAF RD	$2,145,000	5	5.1	4099	DETACHD	628
16819 ALLEN RD	$6,950,000	4	3.1	4882	DETACHD	59

SOLD/CLOSED Sept 30-Oct 6, 2024

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
4638 LOWER DR / Main	$310,000	$307,500	2	1.1	1260	CONDO	45
110 GREENRIDGE CT	$649,900	$527,000	3	2.1	2868	ATTACHD	74
4324 WOODSIDE CIR	$579,000	$579,000	2	2	1210	ATTACHD	5
454 5TH ST	$680,000	$677,500	2	1.1	1092	CONDO	3
710 TIMBERLINE DR	$825,000	$780,000	4	3	2642	DETACHD	81
1795 OAK ST	$950,000	$864,731	4	3.1	3632	DETACHD	25
14190 AMBERWOOD CIR	$1,000,000	$1,000,000	4	3	3154	DETACHD	0
4487 WESTBAY RD	$1,200,000	$1,200,000	3	2	1869	DETACHD	0
309 10TH ST	$1,200,000	$1,200,000	5	3	4520	DETACHD	0
5254 WESTFIELD CT	$1,295,000	$1,300,000	4	2.1	3346	DETACHD	5
16337 CHAPIN WAY	$2,600,000	$1,990,000	5	4.1	5115	DETACHD	156
4688 UPPER DR	$2,150,000	$2,085,000	4	3.1	3962	DETACHD	26