Market Activity Archives - Property Blotter

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

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) .

November 2, 2024November 3, 2024

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

Address	List Price	Beds	Baths	SF	Prop Type
45 EAGLE CREST DR #204	$245,000	1	1	768	CONDO
4640 LOWER DR / Upper	$375,000	2	1.1	1170	CONDO
52 GREENRIDGE CT	$599,000	3	2.2	2524	ATTACHD
1277 HALLINAN CIR	$649,000	3	2	1242	DETACHD
16643 SW ROOSEVELT AVE	$650,000	4	2	2222	DETACHD
1640 ASPEN ST	$740,000	4	3	2218	DETACHD
5363 GREYSTOKE DR	$759,000	3	2	1541	DETACHD
4322 COLLINS WAY	$820,000	5	3	2112	DETACHD
4582 TRILLIUM WOODS	$849,900	3	2.1	1927	ATTACHD
5364 DENTON DR	$1,250,000	4	2.1	3143	DETACHD
4114 CASEY CT	$1,425,000	4	2.1	3405	DETACHD
16878 CANYON DR	$1,499,000	4	2.1	2750	DETACHD
3159 DOUGLAS CIR	$1,850,000	6	4.1	4571	DETACHD

PENDING Oct 21-27, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
141 Oswego Summit / Upper	$270,000	2	2	1140	CONDO	207
4055 JEFFERSON PKWY	$349,900	2	2.1	1210	CONDO	46
5325 OAKRIDGE RD	$550,000	4	2	1201	DETACHD	5
2818 POPLAR WAY	$575,000	3	1	1056	DETACHD	268
3492 DEVONSHIRE DR	$589,000	3	2.1	1556	ATTACHD	5
6336 FROST ST	$795,000	4	3	2200	DETACHD	7
23 TANGLEWOOD DR	$799,900	5	2.1	2522	DETACHD	52
19 CHURCHILL DOWNS	$899,500	4	3	2175	DETACHD	34
16904 GREENTREE AVE	$920,000	4	3	3356	DETACHD	58
111 LADD ST	$1,250,000	3	2.1	2303	DETACHD	46
2065 LILLI LN	$1,750,000	6	3.1	4457	DETACHD	75
159 5TH ST	$2,198,000	4	2.1	2960	DETACHD	27

SOLD Oct 21-27, 2024

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
16500 LAKE FOREST BLVD	$549,900	$549,900	3	1	960	DETACHD	9
19251 INDIAN CREEK AVE	$750,000	$705,000	3	2	1551	DETACHD	96
17681 LEAFY LN	$775,000	$735,000	5	3	2242	DETACHD	19
1701 WOODLAND TER	$887,000	$902,000	3	2.1	2729	DETACHD	6
1272 HIDE A WAY CT	$1,150,000	$1,025,000	4	3	1816	DETACHD	91
17749 LEAFY LN	$1,219,000	$1,100,000	4	3	3266	DETACHD	106
5552 YORKSHIRE PL	$1,150,000	$1,150,000	4	2.1	2637	DETACHD	9
3672 TEMPEST DR	$1,295,000	$1,230,000	3	3	3317	DETACHD	59
1920 PARK FOREST AVE	$1,379,000	$1,300,000	3	3	2869	DETACHD	56
13869 AMBERWOOD CIR	$1,597,500	$1,575,000	4	2.1	3405	DETACHD	24
17309 WESTVIEW DR	$2,395,000	$1,937,000	4	3.1	3973	DETACHD	144
4340 Lakeview BLVD	$4,750,000	$3,950,000	5	4.1	4191	DETACHD	133

October 25, 2024

Market Activity Oct 14-20, 2024

New listings had a pretty big bump up last week with 20 new properties coming onto the market. It had me wondering why. There are two thoughts that come to my mind. First, many corporations align their fiscal year with the calendar year. Listing a property now will allow them to, hopefully, write off the costs associated with relocating an employee and writing it off in this fiscal year. My other thought is that people in general prefer to move before the holidays fully take over their lives. In any case, that’s a pretty bump from the dozen or so new listings that we’ve been seeing for sometime now.

There were 8 properties that moved to pending status and 13 closed sales.

See below for RMLS data.

New Listings Oct 14-20, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet
100 Kerr Pkwy #47	Condo	$190,000	1	1	617
29 Oswego Summit	Condo	$209,000	1	1	669
44 Eagle Crest Dr #15	Condo	$220,000	1	1	798
44 Eagle Crest Dr #21	Condo	$225,000	1	1	798
5 Crestfield Ct	Condo	$299,900	2	1	921
5058 Foothills Dr F	Condo	$424,800	2	2	1370
18538 Hallberg Ct	Detached	$575,000	3	1	870
3492 Devonshire Dr	Attached	$589,000	3	2.5	1556
6238 McEwan Rd	Detached	$595,000	3	1	1170
26 Greenridge Ct	Attached	$625,000	3	2.5	1996
1368 Boca Ratan Dr	Attached	$629,000	3	2	1611
1212 Laurel St #9	Detached	$678,000	33	2	1644
4261 Country Woods Ct	Detached	$725,000	2	2	1608
1560 Cherry Crest Ave	Detached	$789,000	3	2.5	1808
1621 Larch St	Detached	$799,000	4	2.5	3040
1 Bernini Ct	Detached	$1,150,000	4	3.5	3697
5464 Southwood Dr	Detached	$1,450,000	5	3	3687
871 Country Club Rd	Detached	$2,395,000	4	3.5	4429
5185 Carman Dr	Detached	$3,888,000	3	2.5	4407
876 North Shore Rd	Detached	$5,095,000	4	3.5	5793

Pending Sales Oct 14-20, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
360 Cervantes Cir	Condo	$245,000	2	1	832	7
174 Oswego Summit	Condo	$345,000	2	2	1506	28
5271 Chinook Ct	Detached	$650,000	3	2	1390	66
17900 Westview Dr	Detached	$799,000	3	2	1960	157
5948 Bay Point Dr	Detached	$909,950	4	2.5	2421	107
1327 Cedar St	Detached	$964,900	4	2.5	2350	5
200 Burnham Rd #410	Condo	$1,050,000	3	2	1806	18
18560 Westview Dr	Detached	$1,200,000	5	2.5	3411	136

Sold/Closed Oct 14-20, 2024

Address	Type	List Price	Closed Price	Sq Feet	CDOM
121 Leonard St C	Condo	$499,900	$465,000	1413	77
16 Grouse Ter	Detached	$1,050	$850,000	2627	154
1 Windsor Ct	Detached	$879,999	$850,000	2038	62
3 Scarborough Dr	Detached	$1,190,000	$900,000	3778	121
1237 Hallinan Cir	Detached	$995,000	$995,000	1590	0
782 Sunny Hill Dr	Detached	$1,145,000	$1,027,000	2012	51
1029 Laurel St	Detached	$1,350,000	$1,175,000	3208	108
171 5th St	Detached	$1,399,900	$1,400,000	2367	10
768 7th St	Detached	$1,895,000	$1,825,000	2921	22
17930 Kelok Rd	Detached	$3,149,900	$2,815,000	4715	569
3232 Lakeview Blvd	Detached	$5,850,000	$5,300,000	8170	668
16819 Allen Rd	Detached	$7,950,000	$6,500,000	4882	59
769 Northshore Rd	Detached	$3,995,000	$3,800,000	3700	0

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

October 20, 2024October 20, 2024

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)

October 19, 2024October 19, 2024

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

Address	List Price	Beds	Baths	SF	Prop Type
360 CERVANTES CIR	$245,000	2	1	832	CONDO
44 EAGLE CREST DR #24	$305,000	3	2	1085	CONDO
4308 BOTTICELLI ST #10	$484,900	3	3.1	2285	CONDO
1819 BOCA RATAN DR	$589,900	3	2	1583	ATTACHD
4291 WOODSIDE CIR	$639,900	3	2	2026	ATTACHD
107 KINGSGATE RD	$699,000	3	2	1516	DETACHD
578 2ND ST	$819,000	3	2.1	1254	ATTACHD
1327 CEDAR ST	$964,900	4	2.1	2350	DETACHD
14186 KIMBERLY CIR	$1,150,000	4	3	3226	DETACHD
17479 BROOKHURST DR	$1,260,000	4	2.1	3711	DETACHD
17522 BRYANT RD	$1,795,000	4	4	3616	DETACHD
1093 TYNDALL CT	$1,998,000	4	3.1	4547	DETACHD
1933 HIGHLANDS LOOP	$5,395,000	5	4.1	5768	DETACHD

PENDING Oct 7-13, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
4000 CARMAN DR, D57	$319,900	2	2	836	CONDO	7
205 CERVANTES / Main	$325,000	2	1.1	1216	CONDO	12
5061 FOOTHILLS DR #87	$419,000	2	2	991	CONDO	8
5225 JEAN RD #501	$445,000	3	2	1500	CONDO	8
6355 SW DAWN ST	$625,000	3	2	1268	DETACHD	113
27 ORIOLE LN	$655,000	4	2.1	1851	DETACHD	33
4912 Hampton CT	$799,950	3	2.1	2039	DETACHD	3
5754 CHARLES CIR	$950,000	3	2.1	2604	DETACHD	6
2004 RIDGEWOOD LN	$1,075,000	3	2.1	2631	DETACHD	77
18320 DELENKA LN	$1,275,000	4	2.1	4519	DETACHD	89
15459 VILLAGE DR	$1,499,000	4	3.1	3049	DETACHD	11
17309 WESTVIEW DR	$1,975,000	4	3.1	3973	DETACHD	144
310 CHANDLER PL	$2,595,000	4	3.1	3909	DETACHD	36

SOLD Oct 7-13, 2024

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
63 OSWEGO / Main	$235,000	$218,000	1	1	764	CONDO	96
86 KINGSGATE RD, G102	$330,000	$310,000	2	2	849	CONDO	136
4652 LOWER DR	$395,000	$391,300	2	1.1	1170	CONDO	23
44 GREENRIDGE CT	$579,900	$550,000	3	2.1	1996	ATTACHD	75
4319 HARVEY WAY	$595,900	$625,000	3	2.1	1685	DETACHD	0
1355 HALLINAN ST	$729,000	$755,000	3	2	1482	DETACHD	2
16411 SW LAKE FOREST BLVD	$799,900	$820,000	3	2	2180	DETACHD	10
4991 Centerwood ST	$1,050,000	$983,000	4	2.1	2433	DETACHD	78
1928 PALISADES TERRACE DR	$1,195,000	$1,125,000	5	5.1	4337	DETACHD	27
17814 MARYLCREEK DR	$1,550,000	$1,245,000	5	3.1	4429	DETACHD	86
15203 LILY BAY CT	$1,350,000	$1,250,000	4	2.1	3216	DETACHD	4
3585 Sunwood CT	$2,249,900	$2,249,900	4	4	3853	DETACHD	4
17288 CEDAR RD	$2,695,000	$2,287,500	3	3	4267	DETACHD	75

October 10, 2024October 10, 2024

Market Activity Sept 30-Oct 6

We are having the most beautiful fall weather. Cold, crisp mornings followed by pleasant and sunny afternoons. With all of the disastrous weather in other parts of the country, I am grateful to live in the Pacific Northwest.

Last week in Lake Oswego there were 11 new listings, one of which sold in just 1 day and appears as a pending sale in this report. There were 8 properties that accepted offers and are now pending. There were 15 closed sales.

See below for RMLS data.

New Listings Sept 30-Oct 6, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet
44 Eagle Crest Dr #19	Condo	$245,000	2	1	908
25 Crestfield Ct	Condo	$314,900	2	2	995
4000 Carman Dr D57	Condo	$319,900	2	2	836
5061 Foothills Dr	Condo	$419,000	2	2	991
5225 Jean Rd #501	Condo	$445,000	3	2	1500
4312 Botticelli St B8	Attached	$485,000	2	2.5	2285
5754 Charles Cir	Detached	$950,000	3	2.5	2604
15459 Village Dr	Detached	$1,499,000	4	3.5	3049
15007 Twin Fir Rd	Detached	$1,800,000	4	3.5	3079
13560 Goodall Rd #7	Detached	$5,495,000	4	5.5	5964

Pending Sept 30-Oct 6, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
100 Kerr Pkwy #36	Condo	$190,000	1	1	617	155
2651 Lookout Ct	Detached	$759,000	5	2.5	2472	62
17749 Leafy Ln	Detached	$1,129,900	4	3	3266	106
5651 La Mesa Ct	Detached	$1,170,000	4	2.5	2718	1
1029 Laurel St	Detached	$1,175,000	5	3.5	3208	82
2366 Palisades Crest Dr	Detached	$1,650,000	4	3	3422	8
1960 Mapleleaf Rd	Detached	$2,145,000	5	5.5	4099	137
16819 Allen Rd	Detached	$6,950,000	4	3.5	4882	59

Sold/Closed Sept 30-Oct 6, 2024

Address	Type	List Price	Sold Price	Sq Feet	CDOM
4638 Lower Dr	Condo	$310,000	$307,500	1260	45
110 Greenridge Ct	Attached	$649,900	$527,000	2868	74
4324 Woodside Cir	Attached	$579,000	$579,000	1210	5
454 5th St	Condo	$680,000	$677,500	1092	3
710 Timberline Dr	Detached	$825,000	$780,000	2642	8
1419 Hemlock St	Detached	$850,000	$793,000	2520	44
610 Boca Ratan Dr	Detached	$879,000	$807,264	2566	115
1795 Oak St	Detached	$950,000	$864,731	3632	25
1620 Oak St	Detached	$950,000	$946,000	2152	3
14190 Amberwood Cir	Detached	$1,000,000	$1,000,000	3154	0
4487 Westbay Rd	Detached	$1,200,000	$1,200,000	1869	0
309 10th St	Detached	$1,200,000	$1,200,000	4520	0
5254 Westfield Ct	Detached	$1,295,000	$1,300,000	3346	5
16337 Chapin Way	Detached	$2,600,000	$1,990,000	5115	156
4688 Upper Dr	Detached	$2,150,000	$2,085,000	3962	26

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

September 28, 2024September 28, 2024

Market Activity Sept 16-22, 2024

Fall is in the air with dropping temperatures at night and glorious sunny days. In my household, we are looking forward to the return of rain and fires in the fireplace. Oregon is gorgeous in the fall!

Market activity seems a bit slower. Last week in LO there were 13 new listings, 12 pending sales, and 8 closed sales. Even with things slowing down, the market remains balanced.

See below for RMLS data.

New on the Market Sept 16-22, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet
174 Oswego Summit	Condo	$345,000	2	2	1506
16500 Lake Forest Blvd	Detached	$549,900	3	1	960
6401 McEwan Rd	Detached	$599,400	3	2	1050
10 Greenridge Ct	Attached	$630,000	3	2	2063
4378 Collins Way	Detached	$679,000	3	2	1716
4750 Auburn Ln	Attached	$765,000	3	3.5	2650
19 Churchill Downs	Detached	$925,000	4	3	2175
17418 Brookhurst Dr	Detached	$1,499,999	4	3.5	4164
610 Atwater Rd	Detached	$1,800,000	4	2.5	3283
21 D Ave #5	Condo	$1,966,140	2	2.5	1986
21 D Ave #3	Condo	$2,444,200	2	2.5	2222
21 D Ave #4	Condo	$2,506,900	2	2.5	2279
21 D Ave #16	Condo	$4,167,800	2	2.5	3206

Pending Sept 16-22, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
16538 Carnegie Ave	Detached	$554,000	3	1.5	1189	41
454 5th St	Condo	$680,000	2	1.5	1092	4
4537 Heritage Ln	Detached	$769,900	3	2.5	1619	62
13 Morningview Cir	Detached	$839,000	3	2.5	2519	154
1 Windsor Ct	Detached	$850,000	3	2.5	2038	67
16 Grouse Ter	Detached	$875,000	3	2.5	2627	59
1701 Woodland Ter	Detached	$887,000	3	2.5	2729	6
4991 Centerwood St	Detached	$998,000	4	2.5	2433	78
3672 Tempest Dr	Detached	$1,230,000	3	3	3317	59
1920 Park Forest Ave	Detached	$1,350,000	3	3	2869	56
13869 Amberwood Cir	Detached	$1,597,500	4	2.5	3405	24
2065 Lilli Ln	Detached	$1,750,000	6	3.5	4457	39

Sold/Closed Sept 16-22, 2024

Address	Type	List Price	Closed Price	Sq Feet	CDOM
90 Galen St	Condo	$219,900	$219,900	552	20
101 Oswego	Condo	$309,000	$277,000	1212	36
5225 Jean Rd #312	Condo	$415,000	$400,000	1400	49
1699 Village Park Ln	Detached	$1,499,000	$1,515,000	3085	23
535 Middlecrest Rd	Detached	$2,325,000	$2,075,000	2872	14
17443 Canal Cir	Detached	$2,695,000	$2,775,000	3153	0
2430 Summit Ct	Detached	$3,800,000	$2,800,000	3035	128
18015 Cardinal Dr	Detached	$3,849,900	$3,500,000	4119	459

September 22, 2024September 22, 2024

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)

September 20, 2024September 20, 2024

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

Address	List Price	Beds	Baths	SF	Prop Type
86 KINGSGATE RD, E102	$258,800	2	2	924	CONDO
317 CERVANTES / Grnd	$359,000	2	2	1209	CONDO
668 MCVEY AVE #80	$435,000	2	1.1	992	CONDO
454 5TH ST	$680,000	2	1.1	1092	CONDO
1355 HALLINAN ST	$729,000	3	2	1482	DETACHD
2251 FERNWOOD CIR	$829,900	6	3	2704	DETACHD
1701 WOODLAND TER	$887,000	3	2.1	2729	DETACHD
4737 Lakeview BLVD	$949,000	4	2.1	2673	DETACHD
309 10TH ST	$1,200,000	5	3	4520	DETACHD
3190 RAINBOW DR	$1,329,000	3	2.1	3385	DETACHD
5225 FIRWOOD RD	$1,575,000	4	2.1	3240	DETACHD
580 8TH ST	$1,695,000	4	3	1788	DETACHD
490 G AVE	$2,199,900	4	3.1	2977	DETACHD
17550 LAKE HAVEN DR	$2,999,000	4	3	3403	DETACHD

PENDING Sept 9-15, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY #8	$159,950	1	1	617	CONDO	25
100 Kerr PKWY #24	$207,000	1	1	617	CONDO	46
63 OSWEGO / Main	$218,000	1	1	764	CONDO	96
86 KINGSGATE RD, E102	$258,800	2	2	924	CONDO	2
4000 CARMAN DR, A4	$275,000	1	1	836	CONDO	81
1355 HALLINAN ST	$729,000	3	2	1482	DETACHD	2
17681 LEAFY LN	$775,000	5	3	2242	DETACHD	19
1419 HEMLOCK ST	$799,000	5	3	2520	DETACHD	44
16411 SW LAKE FOREST BLVD	$799,900	3	2	2180	DETACHD	10
15900 TWIN FIR RD	$845,000	3	3	2256	DETACHD	7
3 SCARBOROUGH DR	$950,000	5	4	3778	DETACHD	121
1272 HIDE A WAY CT	$1,025,000	4	3	1816	DETACHD	91
309 10TH ST	$1,200,000	5	3	4520	DETACHD	0
17814 MARYLCREEK DR	$1,295,000	5	3.1	4429	DETACHD	86
4874 SAGE HEN CIR	$1,300,000	4	2.1	2813	DETACHD	29
171 5TH ST	$1,399,900	4	2	2367	DETACHD	10
17160 WALL ST	$1,829,000	5	3	3305	DETACHD	86
768 7TH ST	$1,895,000	3	3.1	2921	DETACHD	22
3585 Sunwood CT	$2,249,900	4	4	3853	DETACHD	4

SOLD/CLOSED Sept 9-15, 2024

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
47 EAGLE CREST DR #20	$297,000	$297,000	2	1	1009	CONDO	23
1784 BONNIEBRAE DR	$495,000	$495,000	2	1.1	1393	ATTACHD	5
127 ASH ST	$824,900	$575,000	5	2.1	3211	DETACHD	142
5170 LAKEVIEW BLVD	$695,000	$650,000	3	2	1771	DETACHD	103
4421 UPPER DR	$639,000	$650,000	3	1.1	1176	DETACHD	2
4980 CENTERWOOD ST	$730,000	$731,083	3	2	1904	DETACHD	4
5379 GREYSTOKE DR	$830,000	$830,000	3	2	1917	DETACHD	6
26 Morningview CIR	$1,175,000	$960,000	3	4	3228	DETACHD	60
3060 GLENMORRIE DR	$1,699,000	$1,250,000	3	2	4183	DETACHD	68
2060 INDIAN TRAIL	$1,575,000	$1,500,000	3	2.1	2381	DETACHD	23
137 FURNACE ST / Upper	$1,595,000	$1,595,000	3	2	1927	CONDO	76
16873 CANYON DR	$2,350,000	$2,200,000	5	4	3789	DETACHD	42
1551 LAKE FRONT RD	$3,850,000	$3,875,000	5	3.1	3519	DETACHD	45
14062 GOODALL RD	$5,250,000	$4,950,000	5	6.2	7365	DETACHD	4