Category: Market Activity

As 2022 winds down, we here at the blotter hope you are enjoying the cool, crisp air and all of the activities of the season.

Lake week in Lake Oswego there was 1 new listing, 7 properties that accepted offers and went into pending status, and 6 sold/closed sales

See below for RMLS data.

New on the Market Dec 5-11, 2022

Address	Type	Price	Bedrooms	Bath	Square Ft
2424 Greentree Rd	Detached	$729,000	3	2.5	1944

Pending Dec 5-11, 2022

Address	Type	Price	Bedrooms	Baths	Square Feet	DOM
38 Cervanes Cir	Condo	$244,500	2	1.5	912	31
5 Goya St	Detached	$680,000	4	2.5	2586	39
1310 Lee St	Detached	$719,900	3	2	2344	91
1261 Wells St	Detached	$1,550,000	4	3.5	4316	8
13017 Knaus Rd	Detached	$1,738,000	4	3.6	4690	148
13258 Amber Pl	Detached	$1,799,900	4	4.5	3735	54
732 Ellis Ave	Detached	$2,195,000	4	2.5	3482	101

Sold/Closed Dec 5-11, 2022

Address	Type	List Price	Closed Price	Square Ft	CDOM
3 Pericles	Detached	$725,000	$725,000	2617	2
6450 Frost St	Detached	$775,000	$787,000	2216	3
5045 Greensborough Ct	Detached	$899,900	$835,000	2107	112
1454 Glenmorrie Dr	Detached	$1,350,000	$1,350,000	3345	7
5996 Suncreek Dr	Detached	$1,450,000	$1,445,000	3596	0
285 Berwick Rd	Detached	$1,950,000	$1,950,000	2560	3

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.

This is our monthly look at the overall Portland area and neighborhoods including Lake Oswego broken out below:

Rates: “Rates have been improving with inflation pressures easing. Right now 30-year fixed rates are in the low 6% range.” Gary Boyer, Regional VP, Directors Mortgage          

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

• There were 1,666 New Listings in Nov 2022 – down 25.3% from 2,229 in Nov 2021 and down 33.7% from the previous month/Oct’s 2,513.
• At 1,621 Nov 2022’s Closed Sales (Solds) are down 42.8% from Nov 2021’s 2,832, and down 17.1% from the previous month/Oct 2022’s total of 1,955.
• At 1,498 Nov 2022’s Pending Sales (accepted Offers) are down 43.7% from Nov 2021’s 2,660, and also down 18.4% from the previous month/Oct’s total of 1,835.
• The Average Sale Price in November 2022 of, $584,600 is up $9,000 from last year/Nov 2021’s $575,600, and down $7,400 from the previous month/Oct’s $592,000.  
• The “Median” Sale Price (the price smack dab in the middle of all sales) in November 2022 of $525,900 is up $8,100 over last year/Nov 2021’s $517,800, and down $11,100 from the previous month’s $537,000.

LAKE OSWEGO (November 2022):

173 Active Listings (Oct 177)
73 New Listings  (Oct 101)
48 Pending Sales (Oct 93)
69 Closed Sales  (Oct 96)
Average Sale Price for Nov: $1,003,400 (Oct $933,800)
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.
42 Days on the Market   (Oct 38)

Last week lake Oswego had 2 properties enter the market, 1 move to Pending status and 12 Sold/Closed. Right now there are 103 properties available ranging in price from $260,000 to $7,650,000.

Here is the breakdown according to RMLS:

NEW Nov 28-Dec 4, 2022

Address	List Price	Beds	Baths	SF	Prop Type
757 C AVE	$1,499,900	4	3	2948	DETACHD
548 4TH ST	$1,535,000	3	4.1	3186	ATTACHD

PENDING Nov 28-Dec 4, 2022

Address	List Price	Prop Type	SF	Beds	Baths	Days
7200 CHILDS RD	$975,000	DETACHD	2988	4	4	15

SOLD Nov 28-Dec 4, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE #147	$200,000	$150,000	3	2.1	1351	CONDO	0
4 TOUCHSTONEn #105	$210,000	$210,000	2	2	984	CONDO	3
112 OSWEGO SMT /Upper	$325,000	$315,000	2	2	1212	CONDO	13
4 SUMMIT RIDGE CT	$499,900	$440,000	2	2.1	1576	ATTACHD	93
6426 FROST ST	$699,900	$675,000	4	3	2276	DETACHD	17
6136 FERNBROOK CIR	$759,000	$759,000	3	2	1448	DETACHD	5
17608 SYDNI CT	$799,900	$775,000	4	2.1	2466	ATTACHD	126
18706 BRYANT RD	$789,900	$780,000	3	2.1	2489	DETACHD	6
314 2ND ST	$850,000	$890,000	3	3.1	1814	CONDO	9
5550 JEAN RD	$1,790,000	$1,450,000	4	4.1	3001	DETACHD	107
548 4TH ST	$1,535,000	$1,535,000	3	4.1	3186	ATTACHD	0
17312 BERGIS FARM DR	$1,920,000	$1,827,500	4	4.2	4804	DETACHD	0

Last week in Lake Oswego we had 3 new listings, one of which sold fast and is represented here as a pending sale, 5 properties move to pending status, and 7 sold/closed homes.

See below for RMLS data.

New on the Market November 21-27, 2022

Address	Type	Price	Bedrooms	Baths	Sq Feet
5857 Carman Dr	Detached	$575,000	2	1	972
1125 C Ave	Detached	$1,499,000	4	3	2574

Pending November 21-27, 2022

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
44 Eagle Crest Dr #41	Condo	$274,950	2	1	908	14
11 Summit Ridge Ct	Attached	$435,000	2	2.5	1576	60
17050 Tualatin St	Detached	$749,000	3	3	1905	1
1451 Greentree Circle	Detached	$950,000	4	3.5	2328	6
13248 Rogers Rd	Detached	$1,125,000	5	3.5	3107	118

Sold/Closed November 21-27, 2022

Address	Type	List Price	Sold Price	Sq Feet	CDOM
246 Ridgeway Rd 17B	Condo	$344,000	$351,300	753	6
236 Ridgeway Rd 16A	Condo	$360,000	$353,000	914	4
1728 Boca Ratan Dr	Attached	$509,000	$601,000	1485	2
72 Touchstone	Detached	$929,900	$865,000	3908	28
4051 Virginia Way	Detached	$999,000	$1,020,000	1903	49
5677 Charles Circle	Detached	$1,225,000	$1,165,000	2962	97
707 Lake Shore Rd	Detached	$2,950,000	$2,600,000	2992	112

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.

Last week in Lake Oswego 11 properties entered the market, 10 move to Pending status, and 11 Closed/Sold. Right now there are 120 properties available ranging from $220,000 to 11.5 mil.

Here is the breakdown according to RMLS:

NEW Nov 14-20, 2022

Address	List Price	# Beds	# Baths	SF	Prop Type
4 TOUCHSTONE #147	$200,000	3	2.1	1351	CONDO
86 KINGSGATE RD, G102	$295,000	2	2	849	CONDO
1273 BOCA RATAN DR	$450,000	3	2	1398	ATTACHD
15960 SW LAKE FOREST BLVD	$624,900	3	1	1080	DETACHD
3 PERICLES	$725,000	4	2.1	2617	DETACHD
6450 FROST ST	$775,000	4	2.1	2216	DETACHD
17850 PILKINGTON RD	$875,000	3	2.1	3084	DETACHD
1451 GREENTREE CIR	$950,000	4	3.1	2328	DETACHD
4050 VIRGINIA WAY	$999,000	3	2	1344	DETACHD
765 10TH ST	$1,225,000	3	3	2526	DETACHD
19494 Lorna LN	$4,189,000	4	4.2	4806	DETACHD

PENDING Nov 14-20, 2022

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
4 TOUCHSTONE #147	$200,000	3	2.1	1351	CONDO	0
86 CERVANTES CIR #10-B	$230,000	2	1.2	912	CONDO	48
112 OSWEGO SMT/Upper	$325,000	2	2	1212	CONDO	13
1273 BOCA RATAN DR	$450,000	3	2	1398	ATTACHD	3
4226 WOODSIDE CIR	$535,000	3	2	1578	ATTACHD	45
3 PERICLES	$725,000	4	2.1	2617	DETACHD	2
6450 FROST ST	$775,000	4	2.1	2216	DETACHD	3
5677 CHARLES CIR	$1,225,000	4	2.1	2962	DETACHD	97
13371 ATWATER LN	$1,899,000	4	3	4795	DETACHD	27
16885 FERNWOOD DR	$2,149,000	4	3.1	3753	DETACHD	43

SOLD Nov 14-20, 2022

Address	Opening	Closed	# Beds	# Baths	Total SF	Prop Type	CDOM
17552 DEEMAR WAY	$475,000	$535,000	3	1.1	1050	DETACHD	4
15235 BOONES WAY	$624,900	$625,000	3	2	1686	ATTACHD	5
1105 HALLINAN CIR	$724,900	$699,000	3	2	1612	DETACHD	16
2 CREEKSIDE TER	$849,900	$849,900	4	2.1	2906	DETACHD	7
12 WALKING WOODS DR	$749,950	$850,000	3	3	2224	DETACHD	2
860 LAKE FOREST DR	$998,000	$864,000	5	2.1	2025	DETACHD	78
14400 TRILLIUM CT	$839,000	$900,000	4	2.1	3193	DETACHD	4
625 3RD ST	$1,050,000	$1,090,000	3	2.1	2645	ATTACHD	4
13218 DEERFIELD CT	$1,100,000	$1,160,000	4	2.1	2860	DETACHD	5
13504 STREAMSIDE DR	$1,279,000	$1,265,000	4	2.1	3486	DETACHD	94
3940 CANAL RD	$1,500,000	$1,500,000	4	3.1	3983	DETACHD	2

We are officially in the “holiday” season. The market has dramatically slowed down with just 6 new listings in Lake Oswego last week. 2 of those listings sold quickly and in this report appear as pending sales. We had 5 properties go pending, and 7 sold/closed properties.

See below for RMLS data.

New on the Market November 7-13, 2022

Address	Type	Price	Bedrooms	Baths	Sq Feet
44 Eagle Crest Dr #41	Condo	$274,950	2	1	908
219 Cervantes #219	Condo	$325,000	2	2	1100
3855 Rivers Edge Dr	Detached	$1,450,000	4	3	3101
310 Chandler Pl	Detached	$2,995,000	4	3.5	3866

Pending Sales November 7-13, 2022

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
4 Touchstone #105	Condo	$210,000	2	2	984	3
201 Certantes	Condo	$325,000	2	1.5	1247	32
16678 Inverurie Rd	Attached	$810,000	4	2	2666	1
643 4th St	Detached	$925,000	2	2	1453	3
3056 Wembley Park Rd	Detached	$1,350,000	4	2.5	2611	5

Sold/Closed November 7-13, 2022

Address	Type	List Price	Sold Price	Sq Feet	CDOM
6 Cervantes Circle	Condo	$255,000	$248,000	912	14
18150 Bryant Rd	Detached	$750,000	$770,000	1468	11
4673 Lakeview Blvd	Detached	$895,000	$899,000	2029	4
5524 Koderra Ave	Detached	$1,275,000	$1,170,000	2957	113
1685 Fernwood Dr	Detached	$1,425,000	$1,400,000	2592	4
1098 Chandler Rd	Detached	$3,995,000	$3,800,000	4003	32
12790 S Fielding Rd	Detached	$4,995,000	$4,900,000	9124	432

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.

Last week Lake Oswego saw 11 properties enter the market, 28 move to Pending status, and 8 Sold/Closed. Right now there are 119 homes available in Lake Oswego ranging from $235,000 to 11.5 mil.

Here is the breakdown according to RMLS:

NEW Oct 31-Nov 6, 2022

Address	List Price	Beds	Baths	SF	Prop Type
4 TOUCHSTONE #105	$210,000	2	2	984	CONDO
38 CERVANTES CIR	$249,500	2	1.1	912	CONDO
3433 MCNARY PKWY #806	$305,000	2	2.1	1136	CONDO
112 OSWEGO SMT	$325,000	2	2	1212	CONDO
210 S STATE ST #5	$365,000	2	1	1339	CONDO
16200 PACIFIC HWY #5	$530,000	2	2	1207	CONDO
5 GOYA ST	$680,000	4	2.1	2586	DETACHD
643 4TH ST	$925,000	2	2	1453	DETACHD
2020 WEMBLEY PARK RD	$949,000	3	2	1712	DETACHD
3056 WEMBLEY PARK RD	$1,350,000	4	2.1	2611	DETACHD
17327 WESTVIEW DR	$2,495,000	4	4	4008	DETACHD

PENDING Oct 31-Nov 6, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
17552 DEEMAR WAY	$475,000	3	1.1	1050	DETACHD	4
1728 BOCA RATAN DR	$509,000	3	2	1485	ATTACHD	2
15235 BOONES WAY	$624,900	3	2	1686	ATTACHD	5
1105 HALLINAN CIR	$699,000	3	2	1612	DETACHD	16
12 WALKING WOODS DR	$749,950	3	3	2224	DETACHD	2
17608 SYDNI CT	$775,000	4	2.1	2466	ATTACHD	126
18706 BRYANT RD	$789,900	3	2.1	2489	DETACHD	6
14400 TRILLIUM CT	$839,000	4	2.1	3193	DETACHD	4
17810 KELOK RD	$845,000	3	2	1557	DETACHD	9
314 2ND ST	$850,000	3	3.1	1814	CONDO	9
860 LAKE FOREST DR	$889,000	5	2.1	2025	DETACHD	78
72 TOUCHSTONE	$899,900	4	3	3908	DETACHD	28
4051 VIRGINIA WAY	$999,000	4	2	1903	DETACHD	49
625 3RD ST	$1,050,000	3	2.1	2645	ATTACHD	4
13218 DEERFIELD CT	$1,100,000	4	2.1	2860	DETACHD	5
5524 KODERRA AVE	$1,100,000	3	2.1	2957	DETACHD	113
5677 CHARLES CIR	$1,225,000	4	2.1	2962	DETACHD	69
1454 GLENMORRIE DR	$1,350,000	3	2.1	3345	DETACHD	7
5550 JEAN RD	$1,499,000	4	4.1	3001	DETACHD	107
3940 CANAL RD	$1,500,000	4	3.1	3983	DETACHD	2
853 E AVE	$1,850,000	3	3.1	2839	DETACHD	22
17312 BERGIS FARM DR	$1,920,000	4	4.2	4804	DETACHD	0
285 BERWICK RD	$1,950,000	3	3.1	2560	DETACHD	3
16873 CANYON DR	$1,980,000	4	4	3632	DETACHD	48
4241 COBB WAY	$1,999,000	4	3.1	3292	DETACHD	26
21 D #4	$2,067,000	2	2.1	2431	CONDO	333
1625 CLOVERLEAF RD	$2,199,000	4	4	3853	DETACHD	67
707 LAKE SHORE RD	$2,795,000	3	3.1	2992	DETACHD	112

SOLD Oct 31-Nov 6, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
1172 BOCA RATAN DR	$580,000	$580,000	3	2	1611	ATTACHD	20
131 DEL PRADO ST	$665,000	$715,000	3	3	2145	DETACHD	3
490 BOCA RATAN DR	$849,000	$770,000	3	2	2108	DETACHD	95
19125 OLSON AVE	$1,125,000	$1,125,000	4	2.1	3828	DETACHD	3
1 JUAREZ ST	$1,245,000	$1,130,000	3	2.1	3388	DETACHD	23
17637 WOODHURST PL	$1,299,000	$1,267,000	5	4.1	4833	DETACHD	106
732 LAKE FOREST DR	$1,500,000	$1,600,000	3	2	2865	DETACHD	3
842 6TH ST	$1,850,000	$1,875,000	4	3.1	3840	DETACHD	5

Last week 13 properties entered the market, 7 moved to Pending status, and 16 Sold/Closed. Right now there are 120 properties ranging from $225,000 to $11.5 mil available in lake Oswego.

Here is the breakdown according to RMLS:

NEW Oct 17-23, 2022

Address	List Price	Beds	Baths	SF	Prop Type
16250 PACIFIC HWY, #81	$338,000	1	1	841	CONDO
15235 BOONES WAY	$624,900	3	2	1686	ATTACHD
6426 FROST ST	$699,900	4	3	2276	DETACHD
18706 BRYANT RD	$789,900	3	2.1	2489	DETACHD
14400 TRILLIUM CT	$839,000	4	2.1	3193	DETACHD
17810 KELOK RD	$845,000	3	2	1557	DETACHD
314 2ND ST	$850,000	3	3.1	1814	CONDO
15684 BOONES WAY	$850,000	3	2.1	2425	DETACHD
17920 MEADOWLARK LN	$1,295,000	4	2.1	2758	DETACHD
4039 CANAL WOODS CT	$1,495,000	4	3.1	4178	DETACHD
523 LAUREL ST, Lot 3	$1,500,000	4	3	2620	DETACHD
13371 ATWATER LN	$1,899,000	4	3	4795	DETACHD
285 BERWICK RD	$1,950,000	3	3.1	2560	DETACHD

PENDING Oct 17-23. 2022

Address	List Price	Beds	Baths	Total SF	Prop Type	Days
131 DEL PRADO ST	$665,000	3	3	2145	DETACHD	3
72 TOUCHSTONE	$899,900	4	3	3908	DETACHD	28
13218 DEERFIELD CT	$1,100,000	4	2.1	2860	DETACHD	5
5677 CHARLES CIR	$1,225,000	4	2.1	2962	DETACHD	69
1454 GLENMORRIE DR	$1,350,000	3	2.1	3345	DETACHD	7
285 BERWICK RD	$1,950,000	3	3.1	2560	DETACHD	3
16873 CANYON DR	$1,980,000	4	4	3632	DETACHD	48

SOLD Oct 17-23, 2022

Address	Opening	Closed	Beds	Baths	Total SF	Prop Type	Days
4463 THUNDER VISTA LN	$438,000	$438,000	2	2.1	1741	CONDO	2
30 GREENRIDGE CT	$550,000	$474,045	3	1.1	1946	ATTACHD	4
1988 BONNIEBRAE DR	$469,000	$500,000	3	2	1499	ATTACHD	10
113 TOUCHSTONE TER	$510,000	$505,000	3	2.1	2104	ATTACHD	5
5270 CHINOOK CT	$495,000	$525,000	3	2	1391	DETACHD	5
15450 STEPHANIE CT	$580,000	$550,000	3	2.1	1662	ATTACHD	59
16074 LAKE FOREST BLVD	$599,950	$557,400	3	2	1354	DETACHD	130
66 WHEATHERSTONE, #35	$599,900	$600,000	4	3.1	2465	CONDO	2
8 MOUNTAIN CIR	$629,000	$629,000	3	2	1316	ATTACHD	27
2050 SOUTHSHORE BLVD	$780,000	$795,000	3	2.1	1629	DETACHD	5
38 MORNINGVIEW CIR	$825,000	$808,000	4	3	2408	DETACHD	9
2711 Greentree RD	$969,900	$855,000	4	3	3241	DETACHD	154
17423 SCHALIT WAY	$998,900	$1,060,000	4	2.1	2442	DETACHD	85
4744 CAMBRIDGE CT	$985,000	$1,105,000	3	2.1	2856	ATTACHD	66
2420 PALISADES CREST DR	$1,599,900	$1,450,000	4	2.1	3583	DETACHD	3
13615 WESTLAKE DR	$1,790,000	$1,500,000	4	4.1	4396	DETACHD	34

The last day of summer was yesterday. We have been enjoying temperatures in the 80’s all the way into mid October, but today that changes. High’s in the 50’s and rain in the foreseeable future.

With the arrival of fall, our market remains balanced but starting to slow down. In Lake Oswego last week we had 8 new listings, 4 of which sold quickly and appear in this report as pending sales. 15 properties went pending and 14 transactions sold/closed.

See below for RMLS details

New on the Market October 10-16, 2022

Address	Type	Price	Bedrooms	Baths	Square Ft
4920 Mulholland Dr	Attached	$805,000	3	2.5	2498
2280 Southshore Blvd	Detached	$949,000	4	2	2494
13218 Deerfield Ct	Detached	$1,100,000	4	2.5	2860
1454 Glenmorrie Dr	Detached	$1,350,000	3	2.5	3345

Pending Sales October 10-16, 2022

Address	Type	Price	Bedrooms	Baths	Square Feet	CDOM
48 Eagle Crest Dr 2A	Condo	$169,000	3	2	1623	5
6 Cervantes Cir	Condo	$240,000	2	1.5	912	14
1988 Bonniebrae Dr	Attached	$469,000	3	2	1499	4
1728 Boca Ratan Dr	Attached	$509,000	3	2	1485	2
1172 Boca Ratan Dr	Attached	$580,000	3	2	1611	20
1475 Cornell St	Detached	$699,000	3	2	1599	22
1105 Hallinan Cir	Detached	$699,000	3	2	1612	16
18150 Bryant Rd	Detached	$750,000	3	2	1468	11
4673 Lakeview Blvd	Detached	$895,000	3	2	2029	4
625 3rd St	Attached	$1,050,000	3	2.5	2645	4
5524 Koderra Ave	Detached	$1,100,000	3	2.5	2957	28
1685 Fernwood Dr	Detached	$1,325,000	5	3	2592	4
2940 Canal Rd	Detached	$1,500,000	3	2.5	3983	2
12790 Fielding Rd	Detached	$4,995,000	6	7.5	9124	91
21 D Ave #4	Condo	$2,067,000	2	2.5	2431	333

Sold/Closed October 10-16, 2022

Address	Type	List Price	Closed Price	Square Ft	CDOM
4 Touchstone #77	Condo	$330,000	$230,000	1351	128
256 Cervantes	Attached	$548,907	$520,000	1984	158
918 Lake Front Rd	Detached	$708,000	$650,000	921	11
5788 Langford Ln	Detached	$650,000	$650,000	1598	14
5429 Kenny St	Detached	$715,000	$660,000	1584	61
1130 Hallinan Ct	Detached	$650,000	$660,000	1463	4
1250 Hallinan Cir	Detached	$825,000	$700,000	2168	57
18 Partridge Ln	Detached	$780,000	$780,000	3145	17
32 Independence Ave	Detached	$746,000	$790,000	3420	5
18591 Waxwing Way	Detached	$885,000	$861,000	2145	32
4264 Harvey Way	Detached	$925,000	$862,500	2728	36
16018 Waluga Dr	Detached	$1,150,000	$915,500	1962	135
4137 Orchard Way	Detached	$1,175,000	$1,150,000	3680	15
1287 Cherry Ln	Detached	$2,999,000	$3,000,000	5312	4

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.

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

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)