Linda and I want to wish you and your a safe and happy 4th of July!
Happy 4th of July!
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 |
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)
Lake Oswego Farmers Market Returns!!
One of the best things about living in Lake Oswego during the summer months is the Farmers Market every Saturday at Millennium Plaza Park which starts this coming Saturday May 11th & repeats until October 5th. Not only are there fabulous foods to peruse as you slowly saunter through the visually splendid arrays, but you’ll find local Artisans offering their handiwork of every kind, and always live music. The market itself opens at 8:30AM and goes until 1:30PM. Live Music starts at 10:30 and runs through 12:30PM. There are other perks too for kids and a SNAP matching program. Here is a link for more information! CLICK HERE
Portland Area March 2024 Stats + LO
Here is your breakdown from the previous month/March 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 ~ March 2024 Market Data:
Inventory indicates homeowners are still holding on to their properties, presumably waiting for some more pronounced indications of rates going down for their own purchases. And/but Buyers seem to have recognized that this is a temporary, albeit annoying situation wherein the strong economy is keeping the Fed from easing up just yet. Spring has sprung and we’re seeing most neighborhoods/areas inching up in demand and price…yet another reason Buyers are not waiting.
Rates: “Rates have pushed higher from persistent inflation. They are currently on the low 7% range.” Gary Boyer, Regional VP, Directors Mortgage
According to the RMLS Market Action Report for the Portland Metro Area March 2024:
- There were 2,425 New Listings in March which is down 7.5% from 2,623 in March 2023 and up 16.3% from the 2,085 in the previous month/February.
- At 1,578 March 2024’s Closed Sales (Solds) are down 9.6% from March 2023’s 1,745 and up 22.9% from the previous month’s total of 1,284.
- At 2,138 March 2024’s Pending Sales (Accepted Offers) are up 2.8% from March 2023’s 2,079, and up 22.7% from the previous month/February’s total of 1,742.
- The Average Sale Price for March 2024 of, $590,400 is up$5,900. from last year/March 2023’s $584,500, and up $13,500 from the previous month/Feb’s $576,900.
- The “Median Sale Price (the price smack dab in the middle of all sales) in March 2024 of $535,000 is up $10,000 from March 2023’s $525,000, & up $5,000 from Feb’s $530,000
LAKE OSWEGO: (Month of March ’24)
185 Active Listings (Feb 177)
147 New Listings (Feb 123)
121 Pending Sales (Feb 91)
78 Closed Sales (Feb 60)
Average Sale Price for March: $1,094,000 (Feb $1,018,400)
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.
85 Days on the Market (Feb 77)
The data listed above is as reported by the Regional Multiple Listing Service (RMLS)
Market Activity ~ April 8-14, 2024
Last week Lake Oswego had 19 properties enter the market, 15 move to Pending status, and 17 that Closed/Sold. Right now there are 157 properties available ranging from $199,900 to $11,500,000.
Here is the breakdown:
NEW April 8-14, 2024
| Address | List Price | Beds | Baths | SF | Prop Type |
| 15494 BRIANNE CT | $469,000 | 2 | 2.1 | 1320 | ATTACHD |
| 88 GREENRIDGE CT | $525,000 | 2 | 2 | 1314 | ATTACHD |
| 4204 WOODSIDE CIR | $560,000 | 2 | 2 | 1308 | ATTACHD |
| 15275 BOONES WAY | $629,000 | 2 | 2 | 1320 | ATTACHD |
| 4295 WOODSIDE CIR | $675,500 | 3 | 2 | 2026 | ATTACHD |
| 2703 ORCHARD HILL PL | $745,000 | 4 | 3 | 3292 | DETACHD |
| 5749 WINDFIELD LOOP | $749,000 | 3 | 3 | 1873 | DETACHD |
| 4490 LAKEVIEW BLVD | $779,900 | 3 | 2 | 1727 | DETACHD |
| 2 ABELARD ST | $898,000 | 3 | 3.1 | 3026 | DETACHD |
| 17007 WESTVIEW DR | $1,050,000 | 5 | 4 | 2649 | DETACHD |
| 13660 SHIREVA DR | $1,295,000 | 4 | 3 | 2697 | DETACHD |
| 13330 HIDDEN BAY CT | $1,325,000 | 4 | 2.1 | 3030 | DETACHD |
| 5511 WESTFIELD CT | $1,385,000 | 4 | 2.1 | 4035 | DETACHD |
| 4042 CANAL WOODS CT | $1,500,000 | 4 | 3.1 | 4302 | DETACHD |
| 2020 RIDGEWOOD LN | $1,550,000 | 3 | 2.1 | 3082 | DETACHD |
| 16827 SCOTT CT | $1,550,000 | 4 | 3.1 | 4225 | DETACHD |
| 4464 LAKEVIEW BLVD | $2,998,000 | 3 | 4 | 3596 | DETACHD |
| 15780 TWIN FIR RD | $3,298,000 | 4 | 4.1 | 4270 | DETACHD |
| 16470 PHANTOM BLUFF CT | $3,495,000 | 4 | 4.1 | 5188 | DETACHD |
PENDING April 8-14, 2024
| Address | List Price | Beds | Baths | SF | Prop Type | Days |
| 44 EAGLE CREST DR #38 | $250,000 | 1 | 1 | 798 | CONDO | 18 |
| 86 KINGSGATE RD #46 | $335,000 | 2 | 2 | 938 | CONDO | 3 |
| 16250 PACIFIC HWY #58 | $369,900 | 2 | 2 | 1305 | CONDO | 17 |
| 14362 SHERBROOK PL | $465,000 | 2 | 1.1 | 1279 | ATTACHD | 184 |
| 5 PHEASANT | $639,900 | 3 | 2 | 1420 | DETACHD | 163 |
| 4295 WOODSIDE CIR | $675,500 | 3 | 2 | 2026 | ATTACHD | 2 |
| 31 PARTRIDGE LN | $749,900 | 4 | 3 | 3158 | DETACHD | 50 |
| 8 DEL PRADO ST | $1,050,000 | 5 | 3 | 3548 | DETACHD | 8 |
| 46 DA VINCI ST | $1,195,000 | 5 | 3 | 3378 | DETACHD | 4 |
| 13536 STREAMSIDE DR | $1,249,000 | 4 | 3.1 | 3002 | DETACHD | 4 |
| 818 ASH ST | $1,250,000 | 3 | 2 | 1500 | DETACHD | 66 |
| 16827 SCOTT CT | $1,550,000 | 4 | 3.1 | 4225 | DETACHD | 3 |
| 1687 VILLAGE PARK LN | $1,599,000 | 4 | 3 | 3362 | DETACHD | 3 |
| 17660 WAYSIDE LN | $2,195,000 | 5 | 5.1 | 5975 | DETACHD | 91 |
| 15780 TWIN FIR RD | $3,298,000 | 4 | 4.1 | 4270 | DETACHD | 3 |
SOLD April 8-14, 2024
| Address | Opening | Closed | Beds | Baths | SF | Prop Type | Days |
| 4 TOUCHSTONE #107 | $319,999 | $285,000 | 3 | 2.1 | 1351 | CONDO | 267 |
| 16250 PACIFIC HWY #57 | $384,000 | $359,000 | 2 | 2 | 1305 | CONDO | 405 |
| 26 GREENRIDGE CT | $497,000 | $420,000 | 3 | 2.1 | 1996 | ATTACHD | 127 |
| 5052 FOOTHILLS DR, C | $445,000 | $425,000 | 3 | 2 | 1252 | CONDO | 43 |
| 10 CONDOLEA DR / Main | $499,000 | $505,000 | 2 | 2 | 1312 | CONDO | 9 |
| 16900 GASSNER LN | $839,000 | $750,000 | 4 | 3 | 3480 | DETACHD | 12 |
| 14 ICARUS LOOP | $819,900 | $788,000 | 3 | 2.1 | 3201 | DETACHD | 213 |
| 18150 BRYANT RD | $824,900 | $820,000 | 3 | 2 | 1468 | DETACHD | 26 |
| 14480 CAMDEN LN | $940,000 | $899,000 | 3 | 2.1 | 2069 | DETACHD | 41 |
| 4908 HASTINGS DR | $950,000 | $930,000 | 3 | 2.1 | 2109 | DETACHD | 7 |
| 24 AQUINAS ST | $1,050,000 | $931,680 | 3 | 2.1 | 3200 | DETACHD | 28 |
| 838 ASH ST | $1,058,000 | $1,054,500 | 4 | 2.1 | 2785 | DETACHD | 5 |
| 47 HILLSHIRE DR | $1,550,000 | $1,418,000 | 4 | 2.1 | 3324 | DETACHD | 187 |
| 17663 HILL WAY | $1,799,900 | $1,739,900 | 3 | 3 | 3375 | DETACHD | 482 |
| 12830 ALTO PARK RD | $1,899,900 | $1,899,900 | 4 | 3.1 | 3509 | DETACHD | 32 |
| 14050 GOODALL RD | $2,450,000 | $2,250,000 | 5 | 4.2 | 6943 | DETACHD | 9 |
| 1617 LAKE FRONT RD | $4,898,000 | $4,700,000 | 4 | 4.1 | 4610 | DETACHD | 226 |
Fun Markets in Lake Oswego
Night Market on Sat & More!
Every Saturday in lake Oswego we get to enjoy the Farmers Market at Millennium Plaza Park CLICK HERE FOR MORE INFO and we have a couple more “Special” markets happening this week in Lake Oswego too! One is the First Sunday Market in Lake Grove CLICK HERE FOR MORE INFO ***AND*** a special event tonight/Saturday at Elephants Delicatessen with local artisans and all manner of food & fun: Night Market!!! CLICK HERE FOR MORE INFO .
Photo by: Elina Fairytale
Market Activity ~ March 25-31, 2024
Last week Lake Oswego had 16 Properties enter the market (New), 20 move to Pending/Accepted Offer status, and 21 that Sold/Closed. Right now there are 148 properties available in Lake Oswego ranging from $199,900 to $11,500, 000.
Here is the breakdown according to RMLS:
NEW March 25-31, 2024
| Address | List Price | Beds | Baths | SF | Prop Type |
| 44 EAGLE CREST DR, #38 | $250,000 | 1 | 1 | 798 | CONDO |
| 141 Oswego Summit / Upper | $315,000 | 2 | 2 | 1140 | CONDO |
| 50 CERVANTES CIR | $319,000 | 2 | 1.1 | 1399 | CONDO |
| 15240 BOONES WAY / Main | $445,000 | 2 | 2 | 1180 | CONDO |
| 15486 BRIANNE CT | $459,000 | 2 | 2.1 | 1284 | CONDO |
| 16200 PACIFIC HWY, #2 | $499,900 | 2 | 2 | 1190 | CONDO |
| 456 5TH ST | $650,000 | 2 | 1.1 | 1092 | CONDO |
| 6239 EDGEWOOD ST | $679,000 | 3 | 2 | 1434 | DETACHD |
| 30 MORNINGVIEW CIR | $750,000 | 3 | 3 | 2276 | DETACHD |
| 16855 FERNWOOD DR | $899,000 | 4 | 3 | 2735 | DETACHD |
| 17867 SUNDOWN CT | $995,000 | 3 | 3.1 | 2763 | DETACHD |
| 1530 LARCH ST | $1,039,000 | 4 | 3 | 2384 | DETACHD |
| 62 Touchstone | $1,289,000 | 5 | 3 | 3972 | DETACHD |
| 214 NORTHSHORE RD | $1,599,900 | 3 | 3 | 1978 | DETACHD |
| 4992 PARK BLUFF PL | $2,200,000 | 4 | 3.2 | 4023 | DETACHD |
| 3096 WEMBLEY PARK RD | $2,395,000 | 5 | 4 | 4165 | DETACHD |
PENDING March 25-31, 2024
| Address | List Price | Beds | Baths | SF | Prop Type | Days |
| 100 KERR PKWY, #41 | $225,000 | 2 | 1.1 | 822 | CONDO | 26 |
| 45 EAGLE CREST DR, #207 | $250,000 | 2 | 1.1 | 1056 | CONDO | |
| 512 S STATE ST, #512 | $315,000 | 1 | 1 | 829 | CONDO | 16 |
| 15486 BRIANNE CT | $459,000 | 2 | 2.1 | 1284 | CONDO | 3 |
| 10 CONDOLEA DR / Main | $499,000 | 2 | 2 | 1312 | CONDO | 9 |
| 5726 SW DOGWOOD DR | $519,000 | 3 | 1 | 2664 | DETACHD | 29 |
| 30 WHEATHERSTONE | $525,000 | 3 | 2.1 | 1692 | CONDO | 22 |
| 30 MORNINGVIEW CIR | $750,000 | 3 | 3 | 2276 | DETACHD | 0 |
| 18150 BRYANT RD | $824,900 | 3 | 2 | 1468 | DETACHD | 26 |
| 17558 BRYANT RD | $825,000 | 4 | 2.1 | 2172 | DETACHD | 50 |
| 6236 SW WAYZATA CT | $900,000 | 4 | 2.1 | 2127 | DETACHD | 10 |
| 4407 OAKRIDGE RD | $939,000 | 3 | 2.1 | 2265 | ATTACHD | 10 |
| 1530 LARCH ST | $1,039,000 | 4 | 3 | 2384 | DETACHD | 2 |
| 14674 RAINBOW DR | $1,295,000 | 4 | 3 | 3190 | DETACHD | 11 |
| 2316 OAKHURST LN | $1,350,000 | 4 | 2.1 | 3639 | DETACHD | 9 |
| 16368 LAKE FOREST BLVD | $1,399,000 | 4 | 2.1 | 2750 | DETACHD | 27 |
| 13180 THOMA RD | $2,150,000 | 5 | 4.1 | 5526 | DETACHD | 13 |
| 4992 PARK BLUFF PL | $2,200,000 | 4 | 3.2 | 4023 | DETACHD | 0 |
| 17331 CANYON DR | $2,295,000 | 4 | 4 | 3795 | DETACHD | 53 |
| 3145 Douglas CIR | $3,299,900 | 4 | 4.1 | 4735 | DETACHD | 42 |
SOLD March 25-31, 2024
| Address | Opening | Closed/Sold | Beds | Baths | SF | Prop Type | Days |
| 5054 FOOTHILLS DR, H | $400,000 | $330,000 | 3 | 2 | 1252 | CONDO | 249 |
| 200 BURNHAM RD, #306 | $359,000 | $339,000 | 2 | 1 | 1199 | CONDO | 654 |
| 4516 LOWER DR, B4 | $575,000 | $575,000 | 3 | 2.1 | 1997 | CONDO | 297 |
| 3485 DEVONSHIRE DR | $624,950 | $600,000 | 3 | 2 | 1556 | ATTACHD | 17 |
| 4736 AMHERST CT | $834,900 | $710,000 | 3 | 2.1 | 2929 | ATTACHD | 12 |
| 3930 SOUTHSHORE BLVD | $725,000 | $750,000 | 4 | 2 | 3526 | DETACHD | 1052 |
| 17 SPINOSA | $750,000 | $760,000 | 3 | 2 | 3123 | DETACHD | 1 |
| 121 WILBUR ST | $749,900 | $765,000 | 3 | 2 | 1631 | CONDO | 4 |
| 16084 WHITE OAKS DR | $975,000 | $938,000 | 4 | 2.1 | 2226 | DETACHD | 4 |
| 3814 RIVERS EDGE DR | $1,000,000 | $950,000 | 4 | 2.1 | 2937 | DETACHD | 12 |
| 304 6TH ST | $1,000,000 | $975,000 | 3 | 2 | 1691 | DETACHD | 23 |
| 18 MONTICELLO DR | $985,000 | $981,000 | 6 | 3 | 4626 | DETACHD | 19 |
| 13265 FOX RUN | $1,089,000 | $1,089,000 | 4 | 2.1 | 2614 | DETACHD | 3 |
| 15119 QUARRY RD | $1,198,000 | $1,100,000 | 3 | 2 | 2106 | DETACHD | 2 |
| 322 2ND ST | $1,215,000 | $1,205,000 | 3 | 3.1 | 1974 | ATTACHD | 190 |
| 3721 UPPER DR | $1,995,000 | $1,450,000 | 4 | 2.1 | 3249 | DETACHD | 7 |
| 1420 MORNING SKY CT | $1,529,900 | $1,530,000 | 4 | 3.1 | 3613 | DETACHD | 32 |
| 2679 GLEN EAGLES RD | $2,147,000 | $2,147,000 | 4 | 4.1 | 4709 | DETACHD | 4 |
| 4243 UPPER DR | $2,249,900 | $2,175,000 | 4 | 4 | 3361 | DETACHD | 35 |
| 3070 WEMBLEY PARK RD | $2,395,000 | $2,272,000 | 4 | 3.1 | 4032 | DETACHD | 8 |
| 755 ELLIS AVE | $3,587,000 | $3,350,000 | 5 | 4.1 | 4966 | DETACHD | 42 |
Hello Spring!
Lake Oswego truly is a beautiful place in the springtime.
It felt like winter hung on until exactly the first day of spring and then, bang! Spring burst forth. So many flowering trees, daffodils and tulip.
To me, spring speaks of optimism and rebirth. It is a reward for hard work and persevering. These photos are from my walk yesterday.
I honestly love every season: even the cold and shortened daylight of winter. Yet, spring has something special going for it. I hope that today you are able to enjoy some fresh air and to see the beauty and splendor that is all around us.
Dianne
Jan 2024 – Stats for Portland Area + LO
Here is your breakdown from the previous month/January 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 ~ January 2024 Market Data:
The big stories are that the Portland Metro area saw a jump in overall inventory, and New Listings shot up over last month by 89.2%. Neither of these things is unusual as we move past the dividing line into the New Year, and/but there is a general feeling that this is just the beginning of a new trend. We’ll have to see what the numbers are for Feb once they’re available. We also see downward motion on the overall sale price numbers from December… That is not necessarily unusual either because the end of the year is a notorious time for people to want to negotiate aggressively for various reasons.
Lake Oswego sale price average can vary widely from month to month affected greatly by the sale of one or several high dollar or low dollar properties that tend to skew the real meaning of following that particular stat in LO.
Rates: “Rates have stabilized in the low to mid 6% range. I don’t anticipate major movement in the next few weeks” Gary Boyer, Regional VP, Directors Mortgage
According to the RMLS Market Action Report for the Portland Metro Area January 2024:
- There were 1,941 New Listings in January which is up 0.2% from 1,938 in Jan 2023 and a whopping 89.2% from the 1,026 in the previous month/December.
- At 1,120 Jan 2024’s Closed Sales (Solds) are up 2.9% from Jan 2023’s 1,088, and down 15.8% from the previous month’s total of 1,330.
- At 1,492 Jan 2023’s Pending Sales (Accepted Offers) are down 15.8% from Jan 2023’s 1,771, and up 14.0% from the previous month/December’s total of 1,309.
- The Average Sale Price for Jan 2024 of, $564,600 is up$31,700. from last year/Jan 2023’s $532,900, and is down $22,200 from the previous month/Dec’s $586,800.
- The “Median Sale Price (the price smack dab in the middle of all sales) in Jan 2024 of $505,000 is up $15,500 from Jan 2023’s $489,500, & down $20,000 from Dec’s $525,000
NEIGHBORHOODS:
LAKE OSWEGO: (Month of Jan ’24)
167 Active Listings (Dec 171)
96 New Listings (Dec 45)
69 Pending Sales (Dec 46)
44 Closed Sales (Dec 60
Average Sale Price for Dec: $883,600 (Dec $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.
89 Days on the Market (Dec 71)
The data listed above is as reported by the Regional Multiple Listing Service (RMLS)