Linda Rossi, Author at Property Blotter

July 14, 2024July 15, 2024

This Week in Lake Oswego

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

Mon, July 15, 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 MORE INFO HERE

Tues, July 16, 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, July 17, 2023 – 5:30-6:30 PM ~ Raising Puppies for Guide Dogs for the Blind ~ (Livestream + In-Person Hybrid) Learn more about Guide Dogs for the Blind in this presentation by two volunteers, a guide dog user and a puppy in training as well as an experienced guide dog. ~ Lake Oswego Public Library, 706 Fourth St ~ More Info : CLICK HERE

Thurs, July 18, 2023 – 12:30-2:00 PM ~Poetry Group ~ Bring your own poem or one from your favorite published author to share. Enjoy readings, discussion and refreshments in this monthly group meeting at teh Library. ~ 706 4th St, Lake Oswego – More Info: CLICK HERE

Fri, July 19, 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, July 20, 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/TICKETS: CLICK HERE

July 13, 2024July 13, 2024

Market Activity ~ July 1-7, 2024

Greetings Property Blotter readers!! I hope everyone had a spectacularly fun July 4th holiday. Last week Lake Oswego saw 8 properties enter the market amidst all the holiday-ness, 12 move to Pending status and 13 that Sold/Closed. Right now there are 210 homes available ranging from $189,000 to that same one waiting for the right Buyer priced at $11,500,000.

Here is the breakdown according to RMLS:

NEW July 1-7, 2024

Address	List Price	Beds	Baths	SF	Prop Type
236 GREENRIDGE DR	$615,000	3	2	1492	ATTACHD
4991 Centerwood ST	$1,050,000	4	2.1	2433	DETACHD
5802 RIDGETOP CT	$1,090,000	4	2.1	3160	DETACHD
16915 GREENTREE AVE	$1,499,950	3	3	2791	DETACHD
2060 INDIAN TRAIL	$1,575,000	3	2.1	2381	DETACHD
1115 NORTHSHORE RD	$1,950,000	4	4.1	4306	DETACHD
17190 WALL ST	$2,695,000	6	5.2	6702	DETACHD
14410 UPLANDS DR	$4,195,000	5	5.1	4850	DETACHD

PENDING July 1-7, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
570 S STATE ST / Main	$340,000	2	1	914	CONDO	7
1652 BONNIEBRAE DR	$485,000	3	1.1	1303	ATTACHD	19
51 CONDOLEA CT / Main	$560,000	3	2.1	2198	CONDO	143
236 GREENRIDGE DR	$615,000	3	2	1492	ATTACHD	0
120 CONDOLEA DR / Grnd	$739,000	3	3	2958	CONDO	51
17207 REBECCA LN	$769,990	3	2.1	1917	DETACHD	33
5215 BONITA RD	$803,000	3	2	1761	DETACHD	35
4737 LAKEVIEW BLVD	$965,000	4	2.1	2546	DETACHD	60
13562 PETERS RD	$1,375,000	4	3	3651	DETACHD	32
17129 KELOK RD	$2,395,000	3	2.1	2896	DETACHD	19
361 10TH ST	$2,849,900	4	4.1	3710	DETACHD	140
17952 CARDINAL DR	$2,874,900	5	3.2	4588	DETACHD	741

SOLD July 1-7, 2024

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
9 BLOCH TER	$629,900	$640,000	3	2.1	1946	ATTACHD	7
6472 SW DAWN ST	$669,950	$669,950	3	2	1032	DETACHD	13
16 POLONIUS ST	$790,000	$705,000	3	2.1	2520	DETACHD	114
5063 GREENSBOROUGH CT	$825,000	$800,000	3	2.1	1730	DETACHD	11
6210 CHILDS RD	$915,000	$935,000	3	2	1433	DETACHD	4
4652 HASTINGS PL	$988,000	$970,000	4	2.1	2215	DETACHD	3
7 HILLSHIRE DR	$995,000	$1,000,000	5	3	3062	DETACHD	4
868 9TH ST	$950,000	$1,025,000	3	2	1562	DETACHD	5
2300 CHILDS RD	$1,898,000	$1,264,630	4	2	3183	DETACHD	352
5511 WESTFIELD CT	$1,385,000	$1,334,500	4	2.1	4035	DETACHD	56
18365 SW 65TH AVE	$1,475,000	$1,460,000	5	4	3331	DETACHD	17
214 NORTHSHORE RD	$1,599,900	$1,575,000	3	3	1978	DETACHD	65
915 CEDAR ST	$1,650,000	$1,625,000	4	3.1	3219	DETACHD	9

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) .

June 30, 2024July 1, 2024

July 3rd

Yes, the 4th of of July is coming up, but you don’t want to miss the Lake Oswego tradition of July 3rd! Every year people plan their vacations around the Patriotic Concert at Millennium Plaza Park featuring the Millennium Concert Band that mixes military and marching music for a fun, more traditional celebration of this country we love. No fireworks here…unless you consider the veterans who always show up in numbers and the proud families and loved ones with their hearts ablaze. There is food and music galore with lots of camaraderie to kick off your holiday celebrations. Starts at 7:00 and goes until around 8:30PM. More Info HERE

June 29, 2024June 30, 2024

Market Activity ~ June 17-23, 2024

Last week Lake Oswego saw 29 properties enter the market (New), 20 move to Pending status and 17 that Closed/Sold. Right now we have 214 home available ranging from $189,000 to $11,500,000.

Here is the breakdown:

NEW June 17-23, 2024

Address	List Price	Beds	Baths	SF	Prop Type
47 EAGLE CREST DR, 48C	$259,900	1	1	696	CONDO
45 NW EAGLE CREST DR #407	$259,999	2	1.1	1056	CONDO
1652 BONNIEBRAE DR	$485,000	3	1.1	1303	ATTACHD
5919 SW KENNY ST	$590,000	3	1.1	1501	DETACHD
18308 PILKINGTON RD	$595,000	3	2.1	1511	DETACHD
5 CONDOLEA DR, Main	$599,000	2	2.1	2157	CONDO
6355 SW DAWN ST	$648,000	3	2	1268	DETACHD
110 GREENRIDGE CT	$649,900	3	2.1	2868	ATTACHD
16284 BONAIRE AVE	$685,000	3	2	1032	DETACHD
18572 LONGFELLOW AVE	$719,900	3	2	1611	DETACHD
19251 INDIAN CREEK AVE	$750,000	3	2	1551	DETACHD
2405 Knaus RD	$785,000	3	2	1685	DETACHD
17615 SYDNI CT	$799,900	4	2.1	2651	ATTACHD
17 TOUCHSTONE	$899,000	5	3	2569	DETACHD
17749 LEAFY LN	$1,219,000	4	3	3266	DETACHD
15930 TWIN FIR RD	$1,250,000	3	2.1	2463	DETACHD
18020 GIMLEY CT	$1,280,000	3	2.1	3392	DETACHD
12715 ADRIAN CT	$1,300,000	3	2.1	3003	DETACHD
1029 LAUREL ST	$1,350,000	5	3.1	3195	DETACHD
18080 HOBBIT CT	$1,360,000	5	4	4855	DETACHD
4233 CHAD DR	$1,390,000	3	3	3403	DETACHD
2103 RIDGEWOOD RD	$1,399,000	3	2	1746	DETACHD
17814 MARYLCREEK DR	$1,550,000	5	3.1	4429	DETACHD
13597 ROGERS RD	$1,575,000	5	3.1	3950	DETACHD
18815 GREEN BLUFF DR	$1,579,000	4	5.1	4554	DETACHD
17160 WALL ST	$1,899,000	5	3	3305	DETACHD
1122 BAYBERRY RD	$2,100,000	5	3	3352	DETACHD
4124 SUNSET DR	$2,325,000	4	4	3723	DETACHD
17288 CEDAR RD	$2,695,000	3	3	4267	DETACHD

PENDING June 17-23, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
44 EAGLE CREST DR #12	$225,000	1	1	798	CONDO	40
141 Oswego Summit/ Upper	$289,000	2	2	1140	CONDO	86
220 RIDGEWAY RD / Upper	$350,000	2	1	914	CONDO	15
3926 CARMAN DR	$399,000	2	2.1	1129	CONDO	56
5225 JEAN RD #313	$400,000	2	2	1200	CONDO	12
668 MCVEY AVE #24	$515,000	1	1	636	CONDO	56
5 CONDOLEA DR	$599,000	2	2.1	2157	CONDO	169
19250 SW MAREE CT	$675,000	3	2.1	1519	DETACHD	26
16317 KIMBALL ST	$719,000	3	1.1	1461	DETACHD	29
2367 GLENMORRIE DR	$775,000	4	2	2732	DETACHD	149
2390 SOUTH SHORE BLVD	$849,900	3	2	2493	DETACHD	24
5045 GREENSBOROUGH CT	$900,000	4	2.1	2107	DETACHD	23
6210 CHILDS RD	$915,000	3	2	1433	DETACHD	4
14300 CAMDEN LN	$975,000	4	2.1	2310	DETACHD	8
4736 LAKEVIEW BLVD	$1,195,000	5	3.1	2838	DETACHD	4
2370 PALISADES CREST DR	$1,500,000	4	3.1	4249	DETACHD	94
18815 GREEN BLUFF DR	$1,579,000	4	5.1	4554	DETACHD	1
1122 BAYBERRY RD	$2,100,000	5	3	3352	DETACHD	3
5292 FIRWOOD RD	$2,198,995	4	3.1	3580	DETACHD	4
4929 PARK BLUFF PL	$2,395,000	4	3.1	4067	DETACHD	826

SOLD June 17-23, 2024

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
86 KINGSGATE RD, i-201	$299,800	$299,800	2	2	840	CONDO	129
4000 CARMAN DR, A8	$325,000	$330,000	2	2	869	CONDO	1
4100 CHAPMAN WAY	$858,000	$750,000	4	2.1	1918	DETACHD	21
5142 ROSEWOOD ST	$725,000	$780,000	4	2.1	1784	DETACHD	3
15555 HERITAGE CT	$899,900	$853,125	3	2.1	2253	DETACHD	5
2 ABELARD ST	$898,000	$900,000	3	3.1	3026	DETACHD	95
16942 CANAL CIR	$875,000	$940,000	3	2	1551	DETACHD	33
314 2nd ST	$1,074,900	$950,000	3	3.1	1814	ATTACHD	288
17787 BLUE HERON DR	$1,195,000	$985,000	4	3	2519	DETACHD	7
1 EL GRECO ST	$899,914	$1,000,000	4	2.1	2296	DETACHD	34
19237 TERRY AVE	$1,089,000	$1,068,120	5	3.1	2919	DETACHD	68
5501 RACHEL LN	$1,250,000	$1,225,000	4	2.2	3669	DETACHD	4
16219 WHITE OAKS DR	$1,289,000	$1,250,000	3	2.1	2862	DETACHD	1
814 LAKE SHORE RD	$1,399,000	$1,416,325	3	2.2	2385	DETACHD	69
2917 WESTVIEW CIR	$1,690,000	$1,612,875	5	4.1	4343	DETACHD	218
1808 RIDGE POINTE DR	$2,249,000	$2,092,101	4	3.1	4860	DETACHD	1
1192 ANDREWS RD	$2,695,000	$2,695,000	5	4.1	4606	DETACHD	41

June 16, 2024June 16, 2024

Portland Area May 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.

Overview/Fluctuations ~ May 2024 Market Data:

Activity in the overall Portland area is robust with prices continuing to increase steadily, and Inventory remaining lower than in years past. I’m told the outlook going forward is good now for interest rates, and, I feel like a brokern record sometimes, but it is a great time to make the life changes you’ve been putting off while prices remain where they are now and interest rates can be refinanced downward later. My intuition is that it will be an unusually busy July/August summer season.

Rates:“Recent GOOD news on the inflation front is helping. Rates are stable in the mid to upper 6% range.” Gary Boyer, Regional VP, Gold Star Mortgage Financial

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

There were 3,508 New Listings in May which is up 8.3% from 3,240 in May 2023 and up 12.4% from the 3,120 in the previous month/April.
At 2,140 May 2024’s Closed Sales (Solds) are up 6.6% from May 2023’s 2,008 and up 13.6% from the previous month’s total of 1,883.
At 2,363 May 2024’s Pending Sales (Accepted Offers) decreased 0.7% from May 2023’s 2,379, and are up .2% from the previous month/April’s total of 2,313.
The Average Sale Price for May 2024 of, $629,000 is up$10,200. from last year/May 2023’s $618,800, and up $10,100 from the previous month/April’s $618,900.
The “Median Sale Price (the price smack dab in the middle of all sales) in May 2024 of $558,500 is up $8,500 from May 2023’s $550,000, & up $15,500 from April’s $543,000

LAKE OSWEGO: (Month of May ’24)

269 Active Listings (Apr 253)
198 New Listings (Apr 165)
128 Pending Sales (Apr 107)
110 Closed Sales (Apr 117)
Average Sale Price for May: $965,600 (Apr $1,029,900)
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.
54 Days on the Market (Apr 58)

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

June 15, 2024June 15, 2024

Market Activity ~ June 3-9, 2024

Last week we saw 22 properties enter the market (New), 22 move to Pending status, and 12 that Sold/Closed in Lake Oswego. Right now there are 196 homes available ranging from $189,000 to $11,500,000.

Here is the breakdown:

NEW June 3-9, 2024

Address	List Price	Beds	Baths	SF	Prop Type
63 OSWEGO, Main	$235,000	1	1	764	CONDO
47 Eagle Crest DR, #24	$240,000	1	1	672	CONDO
86 CERVANTES CIR	$250,000	2	1.1	912	CONDO
220 RIDGEWAY RD, Upper	$350,000	2	1	914	CONDO
5225 JEAN RD, #313	$400,000	2	2	1200	CONDO
3684 Spring LN, #2A	$449,000	2	2.1	1220	CONDO
6435 FROST ST	$725,000	3	2.1	1838	DETACHD
91 TANGLEWOOD DR	$850,000	3	2.2	3046	DETACHD
6 BERNINI CT	$875,000	3	2.1	2756	DETACHD
1053 NORTHSHORE PL	$950,000	3	2	1196	DETACHD
4652 HASTINGS PL	$988,000	4	2.1	2215	DETACHD
7 HILLSHIRE DR	$995,000	5	3	3062	DETACHD
19428 RIVER RUN DR	$1,075,000	4	2.1	2918	DETACHD
4500 WEST RD	$1,179,000	4	2.1	2479	DETACHD
17251 GREENTREE AVE	$1,299,000	4	3	3064	DETACHD
19 SCARBOROUGH DR	$1,300,000	3	2.1	2875	DETACHD
2464 PALISADES CREST DR	$1,450,000	5	3.1	4012	DETACHD
18560 WESTVIEW DR	$1,500,000	5	2.1	3411	DETACHD
3300 SOUTHSHORE BLVD	$1,549,999	3	3.1	1346	DETACHD
137 FURNACE ST, Upper	$1,595,000	3	2	1927	CONDO
1049 NORTHSHORE PL	$1,599,900	4	4	2134	DETACHD
1933 HIGHLANDS LOOP	$5,595,000	4	4.1	5768	DETACHD

PENDING June 3-9, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
86 CERVANTES CIR	$250,000	2	1.1	912	CONDO	3
75 GALEN ST, Ground	$303,000	2	2	989	CONDO	15
3818 BOTTICELLI ST	$350,000	3	2	1259	CONDO	17
88 GREENRIDGE CT	$485,000	2	2	1314	ATTACHD	57
64 GREENRIDGE CT	$545,000	3	2	1824	ATTACHD	5
19215 LONGFELLOW AVE	$595,000	3	1.1	1232	DETACHD	4
9 BLOCH TER	$629,900	3	2.1	1946	ATTACHD	7
5142 ROSEWOOD ST	$725,000	4	2.1	1784	DETACHD	5
5063 GREENSBOROUGH CT	$785,000	3	2.1	1730	DETACHD	11
18949 INDIAN CREEK AVE	$799,900	3	2.1	2177	DETACHD	63
6 BERNINI CT	$875,000	3	2.1	2756	DETACHD	2
868 9TH ST	$950,000	3	2	1562	DETACHD	5
4652 HASTINGS PL	$988,000	4	2.1	2215	DETACHD	3
1080 UPPER DEVON LN	$1,150,000	3	2.1	2335	DETACHD	28
3320 SOUTHSHORE BLVD	$1,150,000	4	3.1	2503	DETACHD	47
18020 ROYCE WAY	$1,200,000	4	2.1	2814	DETACHD	10
7 SCARBOROUGH DR	$1,249,900	4	2.1	3376	DETACHD	46
5511 WESTFIELD CT	$1,345,000	4	2.1	4035	DETACHD	56
814 LAKE SHORE RD	$1,399,000	3	2.2	2385	DETACHD	3
2464 PALISADES CREST DR	$1,450,000	5	3.1	4012	DETACHD	4
13707 FIELDING RD	$1,450,000	4	3	3277	DETACHD	93
19626 PERCH CT	$1,899,000	4	2.1	3494	DETACHD	24

SOLD June 3-9, 2024

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
350 CERVANTES CIR #1E	$250,000	$254,000	2	1.1	912	CONDO	10
15494 BRIANNE CT	$469,000	$469,000	2	2.1	1320	ATTACHD	14
37 GREENRIDGE CT	$495,000	$474,500	2	1.1	1176	ATTACHD	9
16061 WALUGA DR	$519,000	$520,000	1	1	676	DETACHD	22
5077 SW DAWN ST	$619,900	$548,000	3	2	1572	DETACHD	5
4610 LAMONT WAY	$775,000	$775,000	3	2	1770	DETACHD	26
14100 KNAUS RD	$899,000	$795,000	3	2.1	2849	DETACHD	14
761 8TH ST	$799,900	$850,000	2	1	960	DETACHD	2
18225 SW 65TH AVE	$870,000	$870,000	5	2.1	2210	DETACHD	32
4890 INDIAN CREEK CT	$925,000	$896,400	3	2	2064	DETACHD	4
34 DA VINCI ST	$950,000	$937,000	4	2.1	2875	DETACHD	6
17244 FERNWOOD DR	$1,180,000	$1,180,000	4	2.1	2617	DETACHD	28

June 1, 2024June 2, 2024

Lake Oswego Celebrates Pride Month!

During the month of June, the city of Lake Oswego celebrates the history, achievements and contributions of the LGBTQIA+ Community starting June 2nd with a Festival including booths and entertainment at Milennium Plaza Park from 12-4 and the raising of the Pride Month Flag & reading of the reading of the Pride Month Proclamation at City Hall at 4:30PM. ***Find out about more events during the month of June in Lake Oswego and around the area HERE

May 31, 2024May 31, 2024

Market Activity ~ May 20-26, 2024

Last week Lake Oswego had 10 New properties enter the market, 19 move to Pending status, and 15 that Closed/Sold. Right now there are 187 properties available in Lake Oswego ranging from $219,000 to $11,500,000.

Here is the breakdown:

NEW May 20-26, 2024

Address	List Price	Beds	Bath	SF	Prop Type
75 GALEN ST	$303,000	2	2	989	CONDO
3818 BOTTICELLI ST	$350,000	3	2	1259	CONDO
19250 SW MAREE CT	$675,000	3	2.1	1519	DETACHD
16317 KIMBALL ST	$719,000	3	1.1	1461	DETACHD
559 SUNNY HILL DR	$869,900	4	2.1	2278	DETACHD
3 HILLSHIRE DR	$885,000	4	2.1	2289	DETACHD
10 GROUSE TER	$898,000	4	3.1	3462	DETACHD
16700 GARY LN	$1,140,000	3	2.1	2100	DETACHD
1970 GREENTREE RD	$1,149,000	4	3	2428	DETACHD
4090 BUCK BRUSH LN	$1,260,000	4	3	3287	DETACHD

PENDING May 20-26, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
86 KINGSGATE RD i-201	$299,800	2	2	840	CONDO	7
88 GREENRIDGE CT	$510,000	2	2	1314	ATTACHD	42
16309 LAKE FOREST BLVD	$597,500	3	2	1608	DETACHD	31
2818 POPLAR WAY	$599,000	3	1	1056	DETACHD	112
2001 BONNIEBRAE DR	$645,000	3	2.1	1739	ATTACHD	71
2251 FERNWOOD CIR	$725,000	6	3	2600	DETACHD	23
4959 Oakridge RD	$749,000	4	2.1	2148	DETACHD	5
761 8TH ST	$799,900	2	1	960	DETACHD	5
127 ASH ST	$824,900	5	2.1	3211	DETACHD	63
559 SUNNY HILL DR	$869,900	4	2.1	2278	DETACHD	1
2 ABELARD ST	$898,000	3	3.1	3026	DETACHD	41
6081 CLAIRMONT CT	$975,000	4	2.1	2680	DETACHD	4
17787 BLUE HERON DR	$995,000	4	3	2519	DETACHD	69
16700 GARY LN	$1,140,000	3	2.1	2100	DETACHD	4
5501 RACHEL LN	$1,250,000	4	2.2	3669	DETACHD	21
16219 WHITE OAKS DR	$1,289,000	3	2.1	2862	DETACHD	4
2020 RIDGEWOOD LN	$1,495,000	3	2.1	3082	DETACHD	40
915 CEDAR ST	$1,650,000	4	3.1	3219	DETACHD	9
399 FURNACE ST	$3,349,000	3	3.1	4290	CONDO	192

SOLD May 20-26, 2024

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE #128	$250,000	$250,000	3	2.1	1350	CONDO	18
86 KINGSGATE RD D106	$310,000	$305,000	2	2	938	CONDO	11
16250 PACIFIC HWY #65	$295,000	$314,000	1	1	841	CONDO	8
16250 S Pacific HWY #43	$395,000	$373,250	2	2	1305	CONDO	15
15275 BOONES WAY	$629,000	$629,000	2	2	1320	ATTACHD	13
38 GREENRIDGE CT	$584,900	$632,500	3	2.1	1996	ATTACHD	4
4295 WOODSIDE CIR	$675,500	$635,000	3	2	2026	ATTACHD	2
4520 TRILLIUM WOODS	$889,000	$889,000	3	2.1	1992	ATTACHD	3
830 LAKE FOREST DR	$950,000	$987,500	4	2	2517	DETACHD	3
3311 FIR RIDGE RD	$998,000	$1,000,000	3	2.1	2123	DETACHD	3
13660 SHIREVA DR	$1,295,000	$1,220,000	4	3	2697	DETACHD	18
4050 PFEIFER CT	$1,695,000	$1,660,000	4	3.1	4078	DETACHD	5
4956 PARK BLUFF PL	$1,995,000	$1,845,000	4	3.1	4074	DETACHD	628
17660 WAYSIDE LN	$2,600,000	$2,000,000	5	5.1	5975	DETACHD	91
1940 HIGHLANDS LOOP	$2,695,000	$2,420,000	4	4.2	4080	DETACHD	47

May 19, 2024May 19, 2024

Portland Area April 2024 Stats + LO

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

The biggest takeway for me from April’s report is that prices are increasing, and significantly, over the prior month in almost every area. Inventory remains low only inching up slightly, but we saw a spike in New Listings which were up 28.7% over the prior month. I’m always watching the changes and looking for trends. Though we have low inventory, prices are trending up at a good pace, and it’s better to buy when prices are lower and refi later than wait for rates to drop & pay more.

Rates: “Positive reports on inflation are pushing rates down into the upper 6% range.” Gary Boyer, Regional VP, Directors Mortgage

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

There were 3,120 New Listings in April which is up 17.6% from 2,653 in April 2023 and up 28.7% from the 2,425 in the previous month/March.
At 1,883 April 2024’s Closed Sales (Solds) are up 10.3% from April 2023’s 1,707 and up 19.3% from the previous month’s total of 1,578.
At 2,313 April 2024’s Pending Sales (Accepted Offers) are up 6.9% from March 2023’s 2,164, and up 8.2% from the previous month/March’s total of 2,138.
The Average Sale Price for March 2024 of, $618,900 is up$12,800. from last year/April 2023’s $606,100, and up $28,500 from the previous month/March’s $590,400.
The “Median Sale Price (the price smack dab in the middle of all sales) in April 2024 of $543,000 is up $13,000 from April 2023’s $530,000, & up $8,000 from March’s $535,000

LAKE OSWEGO: (Month of April ’24)

253 Active Listings (Mar 185)
165 New Listings (Mar 147)
107 Pending Sales (Mar 121)
117 Closed Sales (Mar 78)
Average Sale Price for April: $1,029,900 (Mar $1,094,000)
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.
58 Days on the Market (Mar 85)

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

May 14, 2024

Market Activity ~ May 6-12, 2024

Last week we had 18 properties enter the market in Lake Oswego, another 18 move to Pending status, and 7 that Sold/Closed. Right now there are 173 homes available ranging from $180,000 to $11,500,000.

Here is the breakdown:

NEW May 6-12, 2024

Address	List Price	Beds	Baths	SF	Prop Type
44 EAGLE CREST DR #12	$239,900	1	1	798	CONDO
45 EAGLE CREST DR #422	$295,000	3	2	1348	CONDO
4 TOUCHSTONE #77	$365,000	3	2.1	1351	CONDO
16411 SW LAKE FOREST BLVD	$400,000	3	2	1774	DETACHD
825 OAK ST	$685,000	3	2	1339	DETACHD
5170 LAKEVIEW BLVD	$695,000	3	2	1771	DETACHD
18926 INDIAN SPRINGS RD	$849,500	5	3	2879	DETACHD
383 ASH ST	$850,000	3	2.1	1810	DETACHD
16942 CANAL CIR	$875,000	3	2	1551	DETACHD
4737 LAKEVIEW BLVD	$950,000	4	2.1	2546	DETACHD
4913 HASTINGS DR	$1,125,000	3	2.1	2280	DETACHD
1080 UPPER DEVON LN	$1,150,000	3	2.1	2335	DETACHD
17244 FERNWOOD DR	$1,180,000	4	2.1	2617	DETACHD
1921 Indian Trail	$1,199,000	3	3	2882	DETACHD
14863 TWIN FIR CT	$1,200,000	4	3	2028	DETACHD
1125 C AVE	$1,425,000	4	3	2574	DETACHD
4350 LORDS LN	$2,175,000	5	4	4022	DETACHD
19331 SW LORNA LN	$2,350,000	4	3.1	5496	DETACHD
2240 Summit CT	$3,580,000	3	3.1	5373	DETACHD
1007 LAKE FRONT RD	$5,500,000	4	4	4342	DETACHD

PENDING May 6-12, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
350 CERVANTES CIR #1E	$250,000	2	1.1	912	CONDO	14
86 KINGSGATE RD, D106	$310,000	2	2	938	CONDO	11
16411 SW LAKE FOREST BLVD	$400,000	3	2	1774	DETACHD	2
16061 WALUGA DR	$519,000	1	1	676	DETACHD	2
16841 CORTEZ CT	$565,000	3	1	988	DETACHD	9
5749 WINDFIELD LOOP	$749,000	3	3	1873	DETACHD	30
4610 LAMONT WAY	$775,000	3	2	1770	DETACHD	14
18225 SW 65TH AVE	$870,000	5	2.1	2210	DETACHD	32
16942 CANAL CIR	$875,000	3	2	1551	DETACHD	1
34 DA VINCI ST	$950,000	4	2.1	2875	DETACHD	10
830 LAKE FOREST DR	$950,000	4	2	2517	DETACHD	3
62 Touchstone	$999,500	5	3	3972	DETACHD	45
4913 HASTINGS DR	$1,125,000	3	2.1	2280	DETACHD	1
12730 ADRIAN CT	$1,386,000	4	2.1	3014	DETACHD	71
2020 RIDGEWOOD LN	$1,495,000	3	2.1	3082	DETACHD	24
19158 MEGAN PL	$1,549,000	4	3.1	4910	DETACHD	12
4050 PFEIFER CT	$1,695,000	4	3.1	4078	DETACHD	5
1547 GLENMORRIE DR	$2,250,000	4	3.1	4064	DETACHD	4

SOLD May 6-12, 2024

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY #41	$225,000	$225,000	2	1.1	822	CONDO	26
334 CERVANTES	$235,000	$235,000	2	1	832	CONDO	4
45 EAGLE CREST DR #207	$250,000	$235,100	2	1.1	1056	CONDO
8 DEL PRADO ST	$1,125,000	$1,040,000	5	3	3548	DETACHD	8
818 ASH ST	$1,395,000	$1,150,000	3	2	1500	DETACHD	66
4098 PFEIFER CT	$1,299,000	$1,350,000	5	3.1	3260	DETACHD	3
17257 BRYANT RD	$1,880,000	$1,680,000	5	3.2	4789	DETACHD	239