Linda and I want to wish you and your family a happy and safe 4th of July!
Happy 4th of July!
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 “Feedspot” HERE
Happy Easter!
We wish you New Beginnings and All Good & Beautiful Things this Welcome Spring Season~
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
| Address | List Price | Beds | Baths | SF | Prop Type |
| 14309 EDENBERRY DR | $1,149,900 | 5 | 2.1 | 3011 | DETACHD |
| 17808 HILLSIDE WAY | $1,400,000 | 4 | 4 | 3262 | DETACHD |
| 16900 GASSNER LN | $1,649,998 | 4 | 3.1 | 3953 | DETACHD |
| 2240 SUMMIT CT | $3,250,000 | 3 | 3.1 | 5373 | DETACHD |
PENDING Jan 27-Feb 2, 2025
| Address | List Price | Beds | Baths | SF | Prop Type | Days |
| 44 EAGLE CREST DR #21 | $225,000 | 1 | 1 | 798 | CONDO | 103 |
| 4 TOUCHSTONE #133 | $260,000 | 2 | 2 | 984 | CONDO | 3 |
| 668 MCVEY AVE #80 | $379,900 | 2 | 1.1 | 992 | CONDO | 138 |
| 60 CONDOLEA TER | $400,500 | 2 | 3 | 2784 | CONDO | 77 |
| 18572 LONGFELLOW AVE | $599,900 | 3 | 2 | 1611 | DETACHD | 197 |
| 8 PIMLICO TER | $949,900 | 5 | 3 | 3120 | DETACHD | 72 |
| 2160 CREST DR | $1,295,000 | 4 | 2 | 2690 | DETACHD | 48 |
| 1176 TROON RD | $1,298,000 | 3 | 2 | 3022 | DETACHD | 76 |
| 18034 SKYLAND CIR | $1,650,000 | 4 | 3.1 | 4003 | DETACHD | 188 |
| 2164 GOODALL CT | $4,600,000 | 4 | 6.1 | 6899 | DETACHD | 191 |
| 3012 LAKEVIEW BLVD | $4,999,500 | 4 | 4.1 | 6442 | DETACHD | 9 |
CLOSED/SOLD Jan 27-Feb 2, 2025
| Address | Opening | Closed | Beds | Baths | SF | Prop Type | Days |
| 44 EAGLE CREST DRn#13 | $299,000 | $299,000 | 3 | 2 | 1085 | CONDO | 29 |
| 8 BRITTEN CT | $515,000 | $520,000 | 2 | 2 | 1175 | ATTACHD | 21 |
| 2651 LOOKOUT CT | $835,000 | $689,150 | 5 | 2.1 | 2472 | DETACHD | 154 |
| 16861 CORTEZ CT | $800,000 | $810,000 | 3 | 2 | 1886 | DETACHD | 1 |
| 17802 HILLSIDE WAY | $1,075,000 | $898,000 | 4 | 2.1 | 3004 | DETACHD | 190 |
| 17341 WESTVIEW DR | $2,548,000 | $1,898,000 | 4 | 3.1 | 3647 | DETACHD | 314 |
| 1720 FERNWOOD DR | $2,249,900 | $2,249,900 | 4 | 4 | 3853 | DETACHD | 172 |
| 17210 WALL ST | $2,999,900 | $2,600,000 | 6 | 6 | 10883 | DETACHD | 157 |
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
| Address | List Price | Beds | Baths | SF | Prop Type |
| 4323 LAKEVIEW BLVD | $299,950 | 2 | 1.1 | 912 | CONDO |
| 800 FAIRWAY RD | $450,000 | 2 | 2.1 | 2260 | CONDO |
| 12535 SW BOONES FERRY RD | $479,900 | 3 | 2 | 1829 | DETACHD |
| 38 CERVANTES CIR | $640,000 | 4 | 2 | 1483 | DETACHD |
| 4316 BOTTICELLI ST | $1,295,000 | 3 | 2 | 2037 | DETACHD |
PENDING Dec 30, 2024-Jan 5, 2025
| Address | List Price | Beds | Bath | SF | Prop Type | Days |
| 3433 MCNARY PKWY #505 | $375,000 | 2 | 2.1 | 1608 | CONDO | 30 |
| 12535 SW BOONES FERRY RD | $479,900 | 3 | 2 | 1829 | DETACHD | 3 |
| 4312 BOTTICELLI Bldg B ST #8 | $485,000 | 2 | 2.1 | 2285 | ATTACHD | 90 |
| 8 BRITTEN CT | $515,000 | 2 | 2 | 1175 | ATTACHD | 7 |
| 18625 BRYANT RD | $550,000 | 3 | 1 | 1586 | DETACHD | 14 |
| 2651 LOOKOUT CT | $699,000 | 5 | 2.1 | 2472 | DETACHD | 154 |
SOLD Dec 30, 2024,Jan 5, 2025
| Address | Opening | Closed | Beds | Baths | SF | Prop Type | Days |
| 100 KERR PKWY #54 | $200,000 | $165,000 | 1 | 1 | 617 | CONDO | 188 |
| 317 CERVANTES / Grnd | $359,000 | $340,000 | 2 | 2 | 1209 | CONDO | 85 |
| 4047 JEFFERSON PKWY | $359,900 | $355,000 | 3 | 2.1 | 1259 | ATTACHD | 135 |
| 84 KINGSGATE RD | $699,900 | $630,000 | 3 | 2.1 | 1701 | DETACHD | 121 |
| 5722 FERNBROOK WAY | $715,000 | $680,000 | 3 | 2 | 1580 | DETACHD | 39 |
| 580 8TH ST | $1,695,000 | $1,435,000 | 3 | 3 | 1788 | DETACHD | 92 |
| 1115 NORTHSHORE RD | $1,950,000 | $1,665,000 | 4 | 4.1 | 4306 | DETACHD | 166 |
| 17522 BRYANT RD | $1,795,000 | $1,745,000 | 4 | 4 | 3616 | DETACHD | 57 |
| 1228 MAPLE ST | $2,279,000 | $2,038,000 | 4 | 3.1 | 3505 | DETACHD | 601 |
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
| 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 |