Market Activity Archives - Page 18 of 96

October 15, 2022October 16, 2022

Sept Numbers- Portland Real Estate Stats + LO

Here is your snapshot of Real Estate Activity in the Portland Metro Area-Sept 2022: (LO broken out below)

Comparing the first nine months of 2022 to the same period in 2021, the Average Sale price has increased 8.6% overall and Median Sale price increased 8.9%. Sept volume in all categories (New, Pending & Sold) decreased from last year and the previous month, whereas in Sept of last year New Listings and Pending Sales actually increased. That said, this is now officially “Fall” and slowing down is normal. Inventory is up. Every year I especially tell Buyers that this is the absolute best time of year to buy in Portland, as Sellers tend to be more amenable to “discussions”, and this year it’s particularly pertinent. I’m also advising my New Listing clients to get their properties on the market now in order to get them Sold prior to the holidays setting in. In all cases, we know what is happening in the market right now and can plan around that, whereas we don’t know what will be happening in the Spring, for instance. Rates: “Currently 30-year fixed rates are in the mid 6% range. Inflation pressures are persisting, however we have finally seen some leveling off on that front.” Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS Market Action Report for the Portland Metro Area-Sep 2022:

There were 3,151 New Listings in Sept 2022 – down 16.2% from 3,760 in Sept 2021 and down 1.7% from the previous month/August’s 3,209.
At 2,237 Sept 2022’s Closed Sales (Solds) are down 29.4% from Sept 2021’s 3,167, and down 13.3% from the previous month/August 2022’s total of 2,581.
At 2,003 Sept 2022’s Pending Sales (accepted Offers) are down 36.8% from Sept 2021’s 3,170, and also down 20.8% from the previous month/August’s total of 2,530.
The Average Sale Price in September 2022 of, $598,700 is up $27,200 from last year/Sept 2021’s $571,500, and down $9,000 from the previous month/August’s $607,700.
The “Median” Sale Price (the price smack dab in the middle of all sales) in September 2022 of $548,00 is up $38,000 over last year/Sept 2021’s $510,000, and is nearly the same as the previous month’s $548,400.

LAKE OSWEGO (September 2022):

208 Active Listings (Aug 205)
143 New Listings (Aug 151)
102 Pending Sales (Aug 117)
104 Closed Sales (Aug 120)
Average Sale Price for Aug: $959,100 (Aug $950,000)
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.
37 Days on the Market (Aug 25)

October 14, 2022October 14, 2022

Market Activity ~ Oct 3-9, 2022

Last week Lake Oswego saw 15 properties enter the market, 11 move to Pending status, and 15 Sold/Closed. There are currently 126 available properties ranging from $169,000 to 11.5 mil.

Here is the breakdown according to RMLS:

NEW Oct 3-9, 2022

Address	List Price	Beds	Baths	SF	Prop Type
201 CERVANTES	$325,000	2	1.1	1247	CONDO
1988 BONNIEBRAE DR	$469,000	3	2	1499	ATTACHD
4226 WOODSIDE CIR	$537,500	3	2	1578	ATTACHD
625 3RD ST	$1,050,000	3	2.1	2645	ATTACHD
1685 FERNWOOD DR	$1,325,000	5	3	2592	DETACHD
853 E AVE	$1,850,000	3	3.1	2839	DETACHD
4241 COBB WAY	$1,949,000	4	3.1	3292	DETACHD
17663 HILL WAY	$1,999,000	4	3	3375	DETACHD
16885 FERNWOOD DR	$2,149,000	4	3.1	3753	DETACHD
2320 GLEN HAVEN RD	$2,385,000	4	4	3875	DETACHD
915 OAK TER	$2,435,000	4	4	3816	DETACHD
3331 FIR RIDGE RD	$2,499,000	4	4	3771	DETACHD
1012 LAKE FRONT RD	$3,899,000	4	4.1	4735	DETACHD
1776 SKYLAND DR	$4,975,000	4	4.1	5034	DETACHD
1455 CHANDLER RD	$5,475,000	5	6.1	5588	DETACHD

PENDING Oct 3-9, 2022

Address	List Price	Beds	Baths	SF	Prop Type
201 CERVANTES	$325,000	2	1.1	1247	CONDO
1988 BONNIEBRAE DR	$469,000	3	2	1499	ATTACHD
4226 WOODSIDE CIR	$537,500	3	2	1578	ATTACHD
625 3RD ST	$1,050,000	3	2.1	2645	ATTACHD
1685 FERNWOOD DR	$1,325,000	5	3	2592	DETACHD
853 E AVE	$1,850,000	3	3.1	2839	DETACHD
4241 COBB WAY	$1,949,000	4	3.1	3292	DETACHD
17663 HILL WAY	$1,999,000	4	3	3375	DETACHD
16885 FERNWOOD DR	$2,149,000	4	3.1	3753	DETACHD
2320 GLEN HAVEN RD	$2,385,000	4	4	3875	DETACHD
915 OAK TER	$2,435,000	4	4	3816	DETACHD
3331 FIR RIDGE RD	$2,499,000	4	4	3771	DETACHD
1012 LAKE FRONT RD	$3,899,000	4	4.1	4735	DETACHD
1776 SKYLAND DR	$4,975,000	4	4.1	5034	DETACHD
1455 CHANDLER RD	$5,475,000	5	6.1	5588	DETACHD

SOLD Oct 3-9, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
1 ORIOLE LN	$625,000	$565,000	3	2.1	2317	DETACHD	101
1695 HALLINAN ST	$729,000	$650,000	4	3	2763	DETACHD	11
18040 BELMORE AVE	$749,900	$695,000	3	2	2077	DETACHD	37
15443 SW MEADOWLARK CT	$824,900	$709,500	3	2	1895	DETACHD	17
2190 FERNWOOD CIR	$735,000	$710,000	5	3	2507	DETACHD	15
67 TANGLEWOOD DR	$839,900	$764,000	4	2.1	3149	DETACHD	56
17377 MARJORIE AVE	$995,000	$870,000	4	3	2651	DETACHD	20
18100 BRYANT RD	$990,000	$890,000	3	1.1	1425	DETACHD	13
18010 GIMLEY CT	$1,200,000	$1,090,000	5	3.1	3652	DETACHD	53
17244 FERNWOOD DR	$1,150,000	$1,115,000	4	2.1	2617	DETACHD	23
2777 GLEN HAVEN RD	$1,200,000	$1,127,500	3	2.1	2560	DETACHD	102
5786 WASHINGTON CT	$1,199,000	$1,209,000	4	3	3186	DETACHD	6
2211 FERNWOOD CIR	$1,595,000	$1,540,000	5	3	3431	DETACHD	17
18735 BRYANT RD	$2,695,000	$2,300,000	4	3.1	5544	DETACHD	118
16511 MAPLE CIR	$3,800,000	$3,500,000	4	3.1	3356	DETACHD	30

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) .

October 6, 2022

Market Activity Sept 26-Oct 2, 2022

Our market is moving right along. Last week in Lake Oswego we had 16 properties come onto the market, 3 of which sold the same week and are reflected in this report as pending sales. We had a total of 12 properties move to pending status, and 11 closed sales.

See below for RMLS data.

New on the Market Sept. 26-Oct 2, 2022

Address	Type	Price	Bedrooms	Baths	Sq Feet
86 Cervantes Cir 10-B	Condo	$240,000	2	1.5+.5	912
6 Cervantes Cir	Condo	$255,000	2	1.5	912
3433 McNary Pkwy #806	Condo	$324,900	2	2.5	1136
16 Summit Ridge Ct	Condo	$485,000	2	2.5	1576
5270 Chinook Ct	Detached	$495,000	3	2	1391
18150 Bryant Ct	Detached	$750,000	3	2	1468
2845 Vale Ct	Detached	$900,000	4	3	3157
4704 Cambridge Ct	Attached	$985,000	3	2.5	2856
939 Sunny Hill Dr	Detached	$1,155,000	4	2.5	3250
515 Laurel St	Detached	$1,725,000	4	3.5	3382
13624 Goodall Rd	Detached	$2,290,000	4	4.5+.5	4411
17435 Wren Ct	Detached	$3,995,000	4	4.5	4134
13751 Cameo Ct	Detached	$4,249,000	5	4.5+.5	4409

Pending Sales Sept 26-Oct 2, 2022

Address	Type	Price	Bedrooms	Baths	Sq. Feet	DOM
246 Ridgeway Rd 17B	Condo	$344,000	1	1	753	6
6261 Dawn St	Detached	$535,000	3	2	1296	3
4724 Lamont Ct	Detached	$649,000	3	2	1698	6
27 Partridge Ln	Detached	$699,000	3	2	2317	15
4730 Firwood Rd	Detached	$785,000	4	2	1944	3
42 Aquinas St	Detached	$799,900	4	2.5	2486	101
16018 Waluga Dr	Detached	$995,000	4	2	1962	134
17423 Schalit Way	Detached	$998,900	4	2.5	2442	4
17291 Cedar Rd	Detached	$1,135,000	5	4.5	2872	42
3763 Tempest Dr	Detached	$1,350,000	5	2.5	2895	73
732 Lake Forest Dr	Detached	$1,500,000	3	2	2865	3
842 6th St	Detached	$1,850,000	4	3.5	3840	5

Sold/Closed Sept 26-Oct 2, 2022

Address	Type	List Price	Sold Price	Sq Feet	CDOM
900 Cornell St	Detached	$495,000	$560,000	1300	4
5850 Kenny St	Detached	$589,000	$575,000	1172	6
1272 Hide A Way Ct	Detached	$549,000	$605,000	1816	3
136 Touchstone Ter	Detached	$630,000	$630,000	1996	4
14402 Sherbrook Pl	Detached	$649,999	$655,000	1976	7
939 Devon Ln	Detached	$815,000	$720,000	2249	80
17095 Rebecca Ln	Detached	$925,000	$920,000	2379	7
2775 Vale Ct	Detached	$1,100,000	$949,950	2805	97
5490 Royal Oaks Dr	Detached	$967,500	$967,500	1768	7
890 C Ave	Detached	$1,275,000	$1,175,000	2596	11
961 Lake Front Rd	Detached	$4,895,000	$4,750,000	4998	59

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 30, 2022September 30, 2022

Market Activity ~ Sept 19-25, 2022

Last week we saw 9 properties enter the market, 13 move to Pending status and 5 Sold/Closed. Right now there are 130 properties ranging from $240,000 to $11.5 mil available in Lake Oswego.

Here is the latest according to RMLS:

NEW Sept 19-25, 2022

Address	List Price	Beds	Baths	SF	Prop Type
45 EAGLE CREST DR #208	$249,900	2	2	1046	CONDO
246 RIDGEWAY RD #17B	$344,000	1	1	753	CONDO
11 SUMMIT RIDGE CT	$475,000	2	2.1	1576	ATTACHD
1172 BOCA RATAN DR	$580,000	3	2	1611	ATTACHD
4724 LAMONT CT	$649,000	3	2	1698	DETACHD
72 TOUCHSTONE	$929,900	4	3	3908	DETACHD
4744 CAMBRIDGE CT	$985,000	3	2.1	2856	ATTACHD
17423 SCHALIT WAY	$998,900	4	2.1	2442	DETACHD
842 6TH ST	$1,850,000	4	3.1	3840	DETACHD

PENDING Sept 19-25, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
900 CORNELL ST	$495,000	3	1.1	1300	DETACHD	4
256 CERVANTES	$539,900	2	2.1	1984	ATTACHD	158
918 LAKE FRONT RD	$650,000	2	1	921	DETACHD	11
5429 KENNY ST	$695,000	3	2	1584	DETACHD	61
1695 HALLINAN ST	$699,900	4	3	2763	DETACHD	96
15443 SW MEADOWLARK CT	$749,999	3	2	1895	DETACHD	17
2711 Greentree RD	$919,900	4	3	3241	DETACHD	59
4744 CAMBRIDGE CT	$985,000	3	2.1	2856	ATTACHD	2
18010 GIMLEY CT	$1,090,000	5	3.1	3652	DETACHD	53
13615 WESTLAKE DR	$1,550,000	4	4.1	4396	DETACHD	85
2485 GREENTREE RD	$2,350,000	4	4	3853	DETACHD	21
18735 BRYANT RD	$2,495,000	4	3.1	5544	DETACHD	118
1287 CHERRY LN	$2,999,900	5	4.1	5312	DETACHD	4

SOLD Sept 19-25, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
360 CERVANTES CIR	$240,000	$240,000	2	1	832	CONDO	19
1000 BICKNER ST	$635,000	$635,000	3	2.1	1988	DETACHD	2
1620 ASPEN ST	$785,000	$825,000	4	3	2284	DETACHD	7
12886 SIERRA CT	$1,085,000	$1,125,000	4	3	3188	DETACHD	3
542 4TH ST	$1,549,000	$1,525,000	4	4.2	3376	ATTACHD	3

September 18, 2022September 18, 2022

August Numbers- Portland Real Estate Stats + LO

According to the RMLS Market Action Report for the Portland Metro Area-Aug 2022:

Overview/Fluctuations ~ Market Data:
As we move from summer to fall, we see a continuing trend of market stabilization & readjustment. Inventory is still holding its own compared to last year but down slightly from the prior month. Prices are slowing down as far as the steep upward trend that we’ve been seeing. Activity remains strong with accepted Offers and Closings increasing in volume over July, and average time on market is currently at 28 days.
Rates: “Rates have pushed up based on inflation and are now around 6% for a 30-year fixed rate mortgage.” Gary Boyer, Regional VP, Directors Mortgage

There were 3,209 New Listings in August 2022– down 13.2% from 3,698 in August 2021 and down 14.7% from the previous month/July’s 3,763.
At 2,581 August 2022’s Closed Sales (Solds) are down 19.8% from August 2021’s 3,219, and up 8.9% from the previous month/July 2022’s total of 2,369.
At 2,530 August 2022’s Pending Sales (accepted Offers) are down 28.4% from August 2021’s 3,535, and also down 3.5% from the previous month/July’s total of 2,445.
The Average Sale Price in August 2022 of, $607,700 is up $24,100 from last year/August 2021’s $583,600, and took a quick dive of $28,000 from the previous month/July’s $635,700.
The “Median” Sale Price (the price smack dab in the middle of all sales) in August 2022 of $548,400 rose from last year/August 2021’s $525,000 by $23,000, and is down $17,600 from the previous month’s $566,000.

LAKE OSWEGO (August 2022):

205 Active Listings (Jul 202)
151 New Listings (Jul 169)
117 Pending Sales (Jul 111)
120 Closed Sales (Jul 119)
Average Sale Price for Aug: $950,100 (Jul $1,029,100)
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.
25 Days on the Market (Jul 15)

September 15, 2022September 15, 2022

Market Activity ~ Sept 5-11, 2022

Last week Lake Oswego saw 24 properties enter the market, 12 moved to Pending status and 16 Sold/Closed. Right now there are 127 properties available ranging from $240,000 to $11.5 mil.

Here is the breakdown according to RMLS:

NEW Sept 5-11, 2022

Address	List Price	Beds	Baths	SF	Prop Type
113 TOUCHSTONE TER	$510,000	3	2.1	2104	ATTACHD
1272 HIDE A WAY CT	$549,000	4	2	1816	DETACHD
30 GREENRIDGE CT	$550,000	3	1.1	1928	ATTACHD
5850 KENNY ST	$589,000	2	2	1172	DETACHD
8 MOUNTAIN CIR	$629,000	3	2	1316	ATTACHD
1130 HALLINAN CT	$650,000	3	2	1463	DETACHD
32 INDEPENDENCE AVE	$740,000	4	3.1	3420	DETACHD
7 SPINOSA	$769,900	3	3	2295	DETACHD
2050 SOUTHSHORE BLVD	$780,000	3	2.1	1629	DETACHD
1310 LEE ST	$789,900	3	2	2344	DETACHD
4361 ALBERT CIR	$919,000	4	2.1	2382	DETACHD
674 1ST ST	$1,074,000	2	2.1	2147	CONDO
2050 WEMBLEY PARK RD	$1,099,500	4	2	1868	DETACHD
4051 VIRGINIA WAY	$1,100,000	4	2	1903	DETACHD
171 5TH ST	$1,368,000	4	2	2367	DETACHD
178 PINE VALLEY RD	$1,595,000	5	3.1	3001	DETACHD
18975 OLSON AVE	$1,850,000	5	3	3569	DETACHD
3900 CANAL RD	$1,990,000	4	3.1	4934	DETACHD
17688 UPPER CHERRY LN	$2,850,000	4	3.1	5040	DETACHD
890 Lake Shore RD	$3,450,000	3	3.1	3555	DETACHD
2643 SOUTHSHORE BLVD	$3,895,000	3	3.2	4872	DETACHD
1098 CHANDLER RD	$3,995,000	4	3.1	4003	DETACHD
1425 CHANDLER RD	$4,800,000	5	5.1	5692	DETACHD
1475 SKYLAND DR	$6,750,000	5	6.2	8986	DETACHD

PENDING Sept 5-11, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
16074 LAKE FOREST BLVD	$559,950	3	2	1354	DETACHD	34
1 ORIOLE LN	$585,000	3	2.1	2317	DETACHD	101
6 ADAMS CT	$665,000	3	2	1549	DETACHD	83
1250 HALLINAN CIR	$749,950	4	3	2168	DETACHD	57
1475 CORNELL ST	$799,000	3	2	1599	DETACHD	7
38 MORNINGVIEW CIR	$825,000	4	3	2408	DETACHD	9
4264 HARVEY WAY	$895,000	4	3	2728	DETACHD	36
2775 VALE CT	$949,950	4	2.1	2805	DETACHD	97
4137 ORCHARD WAY	$1,175,000	5	2.1	3680	DETACHD	15
13248 ROGERS RD	$1,195,000	5	3.1	3107	DETACHD	87
15784 TWIN FIR RD	$2,200,000	3	2.1	3471	DETACHD	20
961 LAKE FRONT RD	$4,895,000	3	3.1	4998	DETACHD	59

SOLD Sept 5-11, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
47 EAGLE CREST DR #24	$224,900	$215,000	1	1	672	CONDO	7
122 OSWEGO SMT / main	$235,000	$251,330	1	1	764	CONDO	22
200 BURNHAM RD #405	$380,000	$382,500	2	2	1328	CONDO	22
12822 BOONES FERRY RD	$479,900	$455,000	2	2.1	1136	CONDO	41
6240 BURMA RD	$647,500	$627,500	3	2	1724	DETACHD	6
5297 CENTERWOOD ST	$655,000	$665,000	3	2	1746	DETACHD	7
5 PARTRIDGE LN	$779,000	$672,000	3	2.1	2794	DETACHD	5
5840 BURMA RD	$829,000	$818,000	4	2	1632	DETACHD	19
12562 SW ORCHARD HILL RD	$937,000	$925,000	4	2.1	2574	DETACHD	292
19 TOUCHSTONE	$899,000	$925,000	4	3	2789	DETACHD	25
33 WESTRIDGE DR	$1,150,000	$1,250,000	5	3.1	3864	DETACHD	11
5014 UPPER DR	$1,399,900	$1,365,000	5	3	3416	DETACHD	44
1991 RIDGEWOOD RD	$1,550,000	$1,450,000	4	2.2	4993	DETACHD	3
1250 SW Englewood DR	$2,499,000	$2,499,000	3	3.1	5097	DETACHD	70
2493 SOUTHSHORE BLVD	$3,699,000	$3,000,000	6	5.1	7561	DETACHD	64
162 BERWICK RD	$3,295,000	$3,147,500	4	4.1	4657	DETACHD	0

September 8, 2022

Market Activity Aug 29-Sept 4, 2022

The market feels stable to me right now. Numbers are very similar to what they were when I last posted a market activity report two weeks ago. Last week in Lake Oswego we had 10 new listings, one of which sold quickly and appears in this report as a pending sale. We also had 15 properties move to pending status and 18 that closed with finalized sales.

See below for RMLS data.

New Listings Aug 29-Sept 4, 2022

Address	Type	Price	BR	Bath	Sq Feet
1475 Cornell St	Detached	$799,000	3	2	1599
15443 Meadowlark Ct	Detached	$824,900	3	2	1895
38 Morningview Circle	Detached	$825,000	4	3	2408
5140 Lower Drive	Detached	$929,995	3	2	1706
1466 Nelson Ct	Detached	$1,195,000	4	3.5	3169
16873 Canyon Dr	Detached	$1,980,000	4	4	3632
55 Eagle Crest Dr	Detached	$2,295,000	5	4.5+.5	5629
2485 Greentree Rd	Detached	$2,325,000	4	4	3853
3220 Southshore Blvd	Detached	$2,790,000	3	3	3462

Pending Sales Aug 29-Sept 4, 2022

Address	Type	Price	BR	Baths	Sq Ft	CDOM
360 Cervantes Circle	Condo	$240,000	2	1	832	7
4266 Woodside Circle	Attached	$519,999	4	2	1944	8
136 Touchstone Ter	Detached	$630,000	3	2.5	1966	4
939 Devon Ln	Detached	$730,000	3	2	2249	80
2190 Fernwood Circle	Detached	$735,000	5	3	2507	15
1202 Spruce St	Detached	$850,000	2	2.5	1706	3
17377 Margorie Ave	Detached	$914,800	4	3	2651	20
17291 Cedar Rd	Detached	$1,149,999	5	4.5	2872	9
17244 Fernwood Dr	Detached	$1,150,000	4	2.5	2617	23
4360 West Bay Rd	Detached	$1,185,000	4	3	2636	3
5786 Washington Ct	Detached	$1,199,000	4	3	3186	6
165 Furnace St	Condo	$1,299,999	2	2.5	2023	39
2211 Fernwood Circle	Detached	$1,595,000	5	3	3431	17
13615 Westlake Dr	Detached	$1,599,000	4	4.5	4396	67
2420 Palisades Crest Dr	Detached	$1,599,900	4	2.5	3583	5

Closed/Sold Aug 29-Sept 4, 2022

Address	Type	List Price	Sold Price	Sq Feet	DOM
40 Crestfield Ct	Condo	$200,000	$225,000	690	2
45 Eagle Crest Dr #415	Condo	$240,000	$239,000	1056	45
4061 Jefferson Pkwy	Condo	$425,000	$352,000	1462	152
3822 Botticelli St	Condo	$344,900	$371,000	1171	5
5055 Foothills Dr G	Condo	$429,900	$429,900	1,252	10
3930 Carman Dr	Condo	$439,000	$439,000	1146	29
4363 Woodside Circle	Attached	$581,950	$581,950	1532	63
439 Livingood Ln	Detached	$814,000	$815,000	2540	6
2 Yorkick	Detached	$975,000	$895,500	2979	3
4618 Auburn Ln	Attached	$895,000	$898,500	2732	3
12843 Sierra Vista Dr	Detached	$998,900	$1,060,000	2810	2
346 Lake Bay Ct	Detached	$1,075,000	$1,100,000	1900	3
4996 Cascara Ln	Detached	$1,245,000	$1,155,000	3106	25
754 5th St	Detached	$1,298,000	$1,175,000	2179	7
1131 Northshore Rd	Detached	$2,100,000	$2,100,000	3850	2
732 2nd St	Detached	$2,399,000	$2,150,000	3547	32
489 8th St	Detached	$2,100,000	$2,150,000	3648	5
17527 Kelok Rd	Detached	$2,150,000	$2,285,000	4664	10

September 3, 2022September 9, 2022

Market Activity ~ Aug 22-28, 2022

Last week Lake Oswego saw 14 properties enter the market, 11 move to Pending status, and 16 Closed/Sold. Right now there are 125 homes available in Lake Oswego ranging from $245,000 to 11.5 mil.

Here is the breakdown according to RMLS:

NEW Aug 22-28, 2022

Address	List Price	Beds	Baths	SF	Prop Type
360 CERVANTES CIR	$240,000	2	1	832	CONDO
4266 WOODSIDE CIR	$519,999	4	2	1944	ATTACHD
136 TOUCHSTONE TER	$630,000	3	2.1	1996	DETACHD
10 MOUNTAIN CIR	$639,000	3	2	1434	ATTACHD
18 PARTRIDGE LN	$780,000	4	3	3145	DETACHD
1620 ASPEN ST	$785,000	4	3	2284	DETACHD
1202 SPRUCE ST	$850,000	2	2.1	1706	DETACHD
4137 ORCHARD WAY	$1,175,000	5	2.1	3680	DETACHD
5786 WASHINGTON CT	$1,199,000	4	3	3186	DETACHD
4410 LORDS LN	$1,485,000	5	3.1	3499	DETACHD
1261 WELLS ST	$1,750,000	4	3.1	4316	DETACHD
17261 KELOK RD	$2,000,000	4	3.1	3450	DETACHD
718 MAPLE ST	$2,295,000	3	2.1	4023	DETACHD
17226 CHAPIN WAY	$2,600,000	4	3.1	4930	DETACHD

PENDING Aug 22-28, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
200 BURNHAM RD #103	$425,900	1	1	765	CONDO	11
20 WHEATHERSTONE	$479,900	3	2.1	1692	CONDO	7
14402 SHERBROOK PL	$649,999	3	2.1	1976	DETACHD	7
1620 ASPEN ST	$785,000	4	3	2284	DETACHD	3
7200 CHILDS RD	$950,000	4	4	2660	DETACHD	11
890 C AVE	$1,275,000	3	2.1	2596	DETACHD	11
13504 STREAMSIDE DR	$1,279,000	4	2.1	3486	DETACHD	72
542 4TH ST	$1,549,000	4	4.2	3376	ATTACHD	19
1991 RIDGEWOOD RD	$1,550,000	4	2.2	4993	DETACHD	19
17226 CHAPIN WAY	$2,600,000	4	3.1	4930	DETACHD	1
707 LAKE SHORE RD	$2,950,000	3	3.1	2992	DETACHD	64

SOLD Aug 22-28, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
4405 THUNDER VISTA LN	$467,500	$435,000	2	2.1	1922	CONDO	92
5054 FOOTHILLS DR, #70F	$485,000	$448,000	2	2	1252	CONDO	24
4268 WOODSIDE CIR	$589,900	$560,000	4	2	1944	ATTACHD	33
5342 RED LEAF ST	$599,000	$570,000	3	2.1	1710	DETACHD	29
16532 SW Mellon AVE	$625,000	$625,000	4	1.1	1760	DETACHD	5
14332 SHERBROOK PL	$689,900	$645,000	3	2.1	1770	DETACHD	18
1765 CONIFER DR	$785,000	$749,000	4	2	2334	DETACHD	16
39 TANGLEWOOD DR	$899,000	$922,000	4	3	3167	DETACHD	4
347 6TH ST	$1,050,000	$1,175,000	3	3.1	2360	ATTACHD	3
14760 UPLANDS DR	$999,000	$1,200,000	4	3	2772	DETACHD	6
1455 NELSON CT	$1,149,000	$1,245,000	4	2.1	2210	DETACHD	14
3151 ALBER SPRING CT	$1,375,000	$1,400,000	5	3.1	3917	DETACHD	1
1839 PALISADES LAKE CT	$1,599,900	$1,500,000	4	3.1	4570	DETACHD	43
13740 KNAUS RD	$1,895,000	$1,845,000	4	3.1	4459	DETACHD	36
17261 KELOK RD	$2,000,000	$2,000,000	4	3.1	3450	DETACHD	0
2088 CREST DR	$7,250,000	$6,900,000	4	6.1	8259	DETACHD	80

August 28, 2022

Market Activity August 15-21, 2022

Last week remained strong but with slightly fewer new listings and sales. This is pretty typical for the winding down of summer and vacation time. After school starts I think it will pick up again.

In Lake Oswego there were 16 new listings, 5 of which sold quickly and are listed here with pending status, 14 properties that went pending, and 18 closed sales.

See below for RMLS data.

New Listings August 15-21, 2022

Address	Type	Price	BR	Bath	Sq Feet
200 Burnham Rd #103	Condo	$425,900	1	1	765
1755 Mapleleaf Rd	Detached	$789,000	3	2.5	2123
1265 Rockinghorse Ln	Detached	$875,000	4	3	2452
17291 Cedar Rd	Detached	$1,199,999	5	4.5	2872
2211 Fernwood Cir	Detached	$1,595,000	5	3	3431
13659 Westlake Dr	Detached	$1,625,000	4	3.5	4422
15784 Twin Fir Rd	Detached	$2,200,000	3	2.5	3471
14381 Fosberg Rd	Detached	$2,400,000	4	3.5	5028
1625 Cloverleaf Rd	Detached	$2,495,000	4	3.5	3853
16511 Maple Cir	Detached	$3,800,000	4	3.5	3356
3142 Lakeview Blvd	Detached	$8,000,000	4	5	5554

Pending Sales August 15-21, 2022

Address	Type	Price	BR	Baths	Sq Ft	CDOM
4 Touchstone #95	Condo	$219,900	2	2	984	5
45 Oswego Summit	Condo	$240,000	1	1	764	4
168 Oswego Summit	Condo	$315,000	2	2	1383	29
12822 Boones Ferry Rd	Condo	$465,000	2	2.5	1136	70
4 Wheatherstone	Condo	$509,950	3	2.5	1692	41
1000 Bickner St	Detached	$635,000	3	2.5	1988	3
5297 Centerwood St	Detached	$655,000	3	2	1746	3
2190 Fernwood Cir	Detached	$735,000	5	3	2507	3
5557 Langford Ln	Detached	$839,000	2	2	1539	15
5490 Royal Oaks Dr	Detached	$967,500	3	2	1768	7
1571 Highlands Dr	Detached	$989,000	5	3	3000	3
12886 Sierra Ct	Detached	$1,085,000	4	3	3188	2
33 Westridge Dr	Detached	$1,150,000	5	3.5	3864	0
5677 Charles Cir	Detached	$1,225,000	4	2.5	2962	7

Sold Properties August 15-21, 2022

Address	Type	List Price	Sold Price	Sq Feet	DOM
4000 Carman Dr D51	Condo	$314,900	$314,900	885	7
86 Kingsgate Rd H104	Condo	$355,000	$315,000	840	37
5970 Kennycroft Way	Detached	$650,000	$592,000	1212	81
16875 Fernwood Dr	Detached	$780,000	$750,000	2460	28
1435 Ash St	Detached	$799,900	$800,000	2,532	18
2062 Cedar Ct	Detached	$785,000	$820,000	1800	1
7 Da Vinci St	Detached	$850,000	$830,000	2631	17
23 Da Vinci St	Detached	$839,000	$850,000	2063	3
19395 35th Ct	Detached	$849,900	$875,000	2385	3
19330 River Run Dr	Detached	$995,000	$985,000	3955	57
14 Churchill Downs	Detached	$989,000	$989,000	2062	5
327 3rd St	Attached	$999,000	$1,011,000	2123	4
4121 Wolf Berry Ct	Detached	$975,000	$1,050,000	2654	4
17865 Sarah Hill Ln	Detached	$1,099,950	$1,110,000	2871	72
13330 Hidden Bay Ct	Detached	$1,149,000	$1,225,000	3057	1
100 Leonard St 4-2	Condo	$1,395,000	$1,345,950	3137	68
767 10th St	Detached	$2,100,000	$1,950,000	3900	303
5001 Park Bluff Pl	Detached	$2,200,000	$2,200,000	4022	32

August 21, 2022September 18, 2022

July Numbers – Portland Real Estate Stats + LO

Overview/Fluctuations ~ Happy August! We’re seeing the market slow a bit, which is often a seasonal characteristic of the hot vacation weather and travel schedules, BUT, this year we’re also seeing things really pull back as a direct result of the overall economy in a good way…in a way that is creating more of a “normal” market where Buyers and Sellers each have their own leverage, and where negotiating on reasonable repair items and price is again “the norm”. Right on cue, more houses are going on the market (see Inventory). Anecdotal buzz goes right along with the data- Realtors seeing Buyers actually getting Offers accepted where they’ve been struggling till recently. The pace of upward push on pricing is easing, and all of this in time for inflation concerns to be lessening per recent headlines. Overall, the word on the street is and the stats show that Portland housing market is evening out some. Rates: “Rates have moderated along with inflation and are coming down to the lower 5’s at this time.” Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS Market Action Report for the Portland Metro Area-July 2022:

There were 3,763 New Listings in July 2022– down 11.8% from 4,267 in July 2021 and down 12.4% from the previous month/June’s 4,295.
At 2,369 July 2022’s Closed Sales (Solds) are down 31.1% from July 2021’s 3,439, and down 18.1% from the previous month/June 2022’s total of 2,893.
At 2,445 July 2022’s Pending Sales (accepted Offers) are down 27.1% from July 2021’s 3,354, and also down 4.6% from the previous month/June’s total of 2,563.
The Average Sale Price in July 2022 of, $635,700 is up $42,600 from last year/July 2021’s $593,100, and up $2,400 from the previous month/June’s $633,300.
The “Median” Sale Price (the price smack dab in the middle of all sales) in July 2022 of $566,000 rose from last year/July 2021’s $522,000 by $44,000, and is down $4,000 from the previous month’s $570,000.

LAKE OSWEGO (July 2022):

202 Active Listings (Jun 171)
169 New Listings (Jun 198)
111 Pending Sales (Jun 143)
119 Closed Sales (Jun 125)
Average Sale Price for July: $1,029,100 (Jun $1,035,500)
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.
15 Days on the Market (Jun 18)