Property Blotter Blushes

Dianne and I were very honored to learn that our little Blog here, which we’ve been writing together for over 15 years was chosen as one of the Top Real Estate Blogs in Oregon. We don’t usually include link-backs unless it’s Lake Oswego or real estate-related (polite notice to all you sites out there : ) but we were flattered enough to make an exception here. We always hope that our work impacts and helps people, and it’s nice to see it being noticed out there in the wild. Check out “FeedspotHERE

Market Activity ~ Jan 27-Feb 2, 2025

Last week there were 4 New properties, 11 Pending Sales and 8 that Closed/Sold. There are currently 139 homes available ranging from $175,000 to $8,800,000.

Here is the breakdown:

NEW Jan 27-Feb 2, 2025

AddressList PriceBedsBathsSFProp Type
14309 EDENBERRY DR$1,149,90052.13011DETACHD
17808 HILLSIDE WAY$1,400,000443262DETACHD
16900 GASSNER LN$1,649,99843.13953DETACHD
2240 SUMMIT CT$3,250,00033.15373DETACHD

PENDING Jan 27-Feb 2, 2025

AddressList PriceBedsBathsSFProp TypeDays
44 EAGLE CREST DR #21$225,00011798CONDO103
4 TOUCHSTONE #133$260,00022984CONDO3
668 MCVEY AVE #80$379,90021.1992CONDO138
60 CONDOLEA TER$400,500232784CONDO77
18572 LONGFELLOW AVE$599,900321611DETACHD197
8 PIMLICO TER$949,900533120DETACHD72
2160 CREST DR$1,295,000422690DETACHD48
1176 TROON RD$1,298,000323022DETACHD76
18034 SKYLAND CIR$1,650,00043.14003DETACHD188
2164 GOODALL CT$4,600,00046.16899DETACHD191
3012 LAKEVIEW BLVD$4,999,50044.16442DETACHD9

CLOSED/SOLD Jan 27-Feb 2, 2025

AddressOpeningClosedBedsBathsSFProp TypeDays
44 EAGLE CREST DRn#13$299,000$299,000321085CONDO29
8 BRITTEN CT$515,000$520,000221175ATTACHD21
2651 LOOKOUT CT$835,000$689,15052.12472DETACHD154
16861 CORTEZ CT$800,000$810,000321886DETACHD1
17802 HILLSIDE WAY$1,075,000$898,00042.13004DETACHD190
17341 WESTVIEW DR$2,548,000$1,898,00043.13647DETACHD314
1720 FERNWOOD DR$2,249,900$2,249,900443853DETACHD172
17210 WALL ST$2,999,900$2,600,0006610883DETACHD157

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) .

Year-End Market Recap ~ Portland Area Dec 2024 Stats + LO

Here is your breakdown from the previous month, November, for Portland and surrounding areas including LO broken out at the bottom. This is a once-a year opportunity to see how things compare to the data thru last Dec 31st., 2023) as well as usual the Nov to Dec changes. ***Be sure to check out the Neighborhood Re~ port which categorizes down into smaller pieces.

Overview/Fluctuations ~ December 2024 Market Data:  

(**Check out my Neighborhoods Report toward the bottom for details specific to most Portland area neighborhoods or areas of interest.)

New Listings, Pending Sales and Closed Sales were all up from year-end 2023 and down from the previous month, November 2024. Average Sale Price is down slightly from last year and down significantly fron November, whereas the Median Sale Price remained approximately the same. Inventory continues to be low, and we also need to remember that this is somewhat normal for holiday time every year, as are fluctuations in activity. See the Year-End Neighborhood Report below where I compare the differences in Price and Appreciation/Depreciation for each area of the general Portland Metro Area. Happy 2025! It’s off to a busy start!

Rates: “Positive news on inflation has helped stabilize rates 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 December 2024:

  • There were 1,068 New Listings in December which increased 4.1% from the 1,026 in Dec 2023 and decreased 26.8% from the 1,459 in the previous month/Nov.
  • At 1,534 Dec 2024’s Closed Sales (Solds) are up 15.3% from Dec 2023’s 1,330 and down 8.7% from the previous month’s total of 1,681.
  • At 1,326 Dec 2024’s Pending Sales (Accepted Offers) are up 1.3% from Dec 2023’s 1,309, and decreased 16.2% from the previous month/Nov’s total of 1,582.
  • The Average Sale Price for December 2024 of, $578,300 is down$8,500. from last year/Dec $586,800, and down a whopping $37,400 from the p­­revious month/Nov’s $615,70. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in Dec 2024 of $525,000 is unchanged from Dec 2023’s $525,000, and down $10,000 from Nov’s $535,000.  

LAKE OSWEGO: (Month of December ’24)

204 Active Listings (Nov 253) ** Dec 2023: 171
46 New Listings  (Nov 63 ** Dec 2023: 45
55 Pending Sales (Nov 72) ** Dec 2023: 46
80 Closed Sales  (Nov 79) ** Dec 2023: 60
Average Sale Price for Dec: $937,000 (Nov $1,044,400) **Dec 2023: $1,095,500
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.
97 Days on the Market   (Nov 79) **Dec 2023: 71

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

Market Activity ~ Dec 30, 2024-Jan 5, 2025

Last week as we ushered 2025 in the door, Lake Oswego had 5 properties enter the market, 6 move to Pending status and 9 that Closed/Sold.

Right now there are 142 lovely homes available in Lake Oswego ranging from $190,000 to $8,800,000.

Here is the breakdown:

NEW Dec 30, 2024-Jan 5, 2025

AddressList PriceBedsBathsSFProp Type
4323 LAKEVIEW BLVD$299,95021.1912CONDO
800 FAIRWAY RD$450,00022.12260CONDO
12535 SW BOONES FERRY RD$479,900321829DETACHD
38 CERVANTES CIR$640,000421483DETACHD
4316 BOTTICELLI ST$1,295,000322037DETACHD

PENDING Dec 30, 2024-Jan 5, 2025

AddressList PriceBedsBathSFProp TypeDays
3433 MCNARY PKWY #505$375,00022.11608CONDO30
12535 SW BOONES FERRY RD$479,900321829DETACHD3
4312 BOTTICELLI Bldg B ST #8$485,00022.12285ATTACHD90
8 BRITTEN CT$515,000221175ATTACHD7
18625 BRYANT RD$550,000311586DETACHD14
2651 LOOKOUT CT$699,00052.12472DETACHD154

SOLD Dec 30, 2024,Jan 5, 2025

AddressOpeningClosedBedsBathsSFProp TypeDays
100 KERR PKWY #54$200,000$165,00011617CONDO188
317 CERVANTES / Grnd$359,000$340,000221209CONDO85
4047 JEFFERSON PKWY$359,900$355,00032.11259ATTACHD135
84 KINGSGATE RD$699,900$630,00032.11701DETACHD121
5722 FERNBROOK WAY$715,000$680,000321580DETACHD39
580 8TH ST$1,695,000$1,435,000331788DETACHD92
1115 NORTHSHORE RD$1,950,000$1,665,00044.14306DETACHD166
17522 BRYANT RD$1,795,000$1,745,000443616DETACHD57
1228 MAPLE ST$2,279,000$2,038,00043.13505DETACHD601

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) .

Peace and Joy to You and Yours

As we do every year, we’ll be taking a short hiatus and will be back with all the Lake Oswego market news that you can use in 2025!

Whatever holiday you may celebrate this season, on this Christmas Day, Dianne and I wish you and your loved ones a home filled with all the cozy things you associate with this time of year. In this big world, we continue to be grateful for so many things, and we wish you more of exactly what fills you with Joy.

Merry Christmas, Happy Hanukkah and Joyous Holidays to you!

Dianne & Linda

Portland Area Nov 2024 Stats + LO

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.

The Holiday are here and while things naturally slow down a bit, there is plenty going on! Little has changed in the most active price ranges being pursued, and West Portland seems to be the winner so far in overall Price/Value. Inventory rose slightly, and we’re waiting on news from the Fed this week to see if they lower rates.

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)

Happy Thanksgiving!!

From Dianne and I and our families to yours, we wish you a warm and satisfying celebration with your Loved ones. We all have so much to be thankful for… We’ll start: Dianne and I are thankful for you!

Enjoy.

~ Happy Thanksgiving ~

Market Activity ~ Nov 18-24, 2024

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

AddressList PriceBedsBathsSFProp Type
5053 FOOTHILLS DR, C$395,000$321252CONDO
1 WALKING WOODS DR$500,000$32.12264DETACHD
2820 DELLWOOD DR$825,000$322446DETACHD
1463 GREENTREE CIR$899,900$42.12048DETACHD
8 PIMLICO TER$995,000$533120DETACHD

PENDING Nov 18-24, 2024

AddressList PriceBedsBathsSFProp TypeDays
16643 SW ROOSEVELT AVE$650,000$422222DETACHD25
84 KINGSGATE RD$689,900$32.11701DETACHD121
4582 TRILLIUM WOODS$799,000$32.11927ATTACHD25
2820 DELLWOOD DR$825,000$322446DETACHD1
53 TOUCHSTONE$910,000$42.12779DETACHD226
15112 QUARRY RD$1,695,000$64.13953DETACHD138
1228 MAPLE ST$2,097,000$43.13505DETACHD601
1960 MAPLELEAF RD$2,145,000$55.14099DETACHD678
4375 SOUTHSHORE BLVD$10,500,000$55.16147DETACHD9

SOLD Nov 18-24, 2024

AddressOpeningClosedBedsBathsProp TypeSFDays
141 Oswego Summit / Upper$275,000$260,000$22CONDO1140207
512 S STATE ST #512$325,000$297,925$11CONDO82920
6313 ALYSSA TER$500,000$494,000$32.1ATTACHD153458
360 CERVANTES CIR$245,000$557,600$21CONDO8327
5325 OAKRIDGE RD$550,000$660,050$42DETACHD12015
6336 FROST ST$795,000$770,000$43DETACHD22007
4912 Hampton CT$799,950$785,000$32.1DETACHD20393
19 CHURCHILL DOWNS$925,000$885,000$43DETACHD217534
16904 GREENTREE AVE$920,000$885,000$43DETACHD335658
5754 CHARLES CIR$950,000$940,000$32.1DETACHD26046
14260 UPLANDS DR$1,595,000$1,570,000$43DETACHD29242
2366 PALISADES CREST DR$1,650,000$1,650,00043DETACHD34228
2065 LILLI LN$1,750,000$1,750,00063.1DETACHD445775
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) .

60th Annual Holiday Tree Lighting

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!