This is a dated, weekly review of selected Portland Metro homes that have seen notable price reductions. These five properties were chosen for specific features or market interest; they are selected highlights and not necessarily the largest reductions across the entire market.
The listings and prices in this article were reviewed on August 19, 2026.
These homes were selected because they combine meaningful price changes with location, property features, condition, or overall buyer appeal compared with other homes in this week’s report.
Availability, pricing, incentives and property details can change at any time.
🏡 This Week’s Portland Metro Price Drops
| Address | Current Price | Original Price | Reduction From Original Price |
|---|---|---|---|
| 8 GARIBALDI ST Lake Oswego, OR 97035 | $1,175,000 | $1,229,000 | About $54,000 |
| 6375 SW DAWN ST Lake Oswego, OR 97035 | $1,199,000 | $1,349,000 | About $150,000 |
| 6286 SW HARRINGTON AVE Lake Oswego, OR 97035 | $949,900 | $1,125,000 | About $175,000 |
| 483 NW SKYLINE CREST RD Portland, OR 97229 | $1,240,000 | $1,290,000 | About $50,000 |
| 3550 SOUTHSHORE BLVD Lake Oswego, OR 97034 | $1,250,000 | $1,375,000 | About $125,000 |
1. Contemporary Home in Lake Oswego
Address: 8 GARIBALDI ST Lake Oswego, OR 97035
Current price: $1,175,000
Original list price: $1,229,000
Reduction from original price: About $54,000
Bedrooms: 4
Bathrooms: 3 full
Square feet: 4,080
Year built: 2000
A 4-bed, 3-bath Northwest Contemporary built in 2000 with 4,080 finished square feet on a roughly quarter-acre lot. The layout emphasizes walls of glass, vaulted ceilings and a large chef’s kitchen with oversized island and walk-in pantry. The main living level opens to a level walk-out backyard with mature landscaping and multiple outdoor spaces, plus an attached oversized garage.
Why I Picked This Home
Panoramic views of Mt. Hood, Mt. Jefferson and Mt. St. Helens combine with a rare level walk-out backyard for a true indoor-outdoor lifestyle. Mechanical upgrades like hydronic radiant heat, central air and an EV charger add practical value.
2. 1 Story Home in Lake Oswego
Address: 6375 SW DAWN ST Lake Oswego, OR 97035
Current price: $1,199,000
Original list price: $1,349,000
Reduction from original price: About $150,000
Bedrooms: 3
Bathrooms: 3 full, 1 partial
Square feet: 2,080
Year built: 1965
Remodeled 3-bedroom home (with a permitted ADU) on a quarter-acre lot delivering about 2,080 square feet. Updates include a designer kitchen with Taj Mahal quartzite countertops, KitchenAid appliances, waterfall island and walk-in pantry. The primary suite features floor-to-ceiling tile and heated floors. New roof, electrical panel and other system upgrades are listed, and the ADU has a private entrance and separate living spaces.
Why I Picked This Home
High-end kitchen materials and a spa-style primary bath give the main house a finished feel, while the permitted ADU provides rental or multigenerational options and separate access—useful for income or flexible household arrangements.
3. 2 Story Home in Lake Oswego
Address: 6286 SW HARRINGTON AVE Lake Oswego, OR 97035
Current price: $949,900
Original list price: $1,125,000
Reduction from original price: About $175,000
Bedrooms: 4
Bathrooms: 3 full
Square feet: 3,232
Year built: 1952
A 4-bed, 3-bath residence built in 1952 with about 3,232 square feet on a .37-acre lot, plus an oversized roughly 1,169-square-foot garage. The property features an above-ground heated pool surrounded by Trex decking, a large freshly stained main deck, a finished lower level and a fully fenced yard with tall cedar fencing. Recent system upgrades and garage EV chargers are noted.
Why I Picked This Home
The combination of private outdoor amenities—a gas-heated 32’ x 16’ pool, expansive decking and mature landscaping—paired with a very large garage and recent major system upgrades make it an attractive pick for buyers wanting space and utility.
4. Craftsman Home in Barnes Heights
Address: 483 NW SKYLINE CREST RD Portland, OR 97229
Current price: $1,240,000
Original list price: $1,290,000
Reduction from original price: About $50,000
Bedrooms: 6
Bathrooms: 4 full, 1 partial
Square feet: 4,697
Year built: 1997
Grand Craftsman-style home from 1997 on 2.5 acres with approximately 4,697 square feet, six bedrooms and 4.1 baths. Interior highlights include a vaulted, beamed great room with fireplace, a gourmet kitchen with double ovens and a butler’s pantry, plus multiple offices. The lower level adds flexible living with high ceilings and extra bedrooms. Exterior assets include a wraparound deck, raised garden beds and detached garage.
Why I Picked This Home
This West Hills property pairs substantial indoor entertaining spaces and Craftsman detail with significant acreage and privacy. The wraparound deck, vaulted great room and multiple offices make it suitable for large gatherings or multigenerational use.
5. Renovated Mid-Century in BLUE HERON NEIGHBORHOOD
Address: 3550 SOUTHSHORE BLVD Lake Oswego, OR 97034
Current price: $1,250,000
Original list price: $1,375,000
Reduction from original price: About $125,000
Bedrooms: 3
Bathrooms: 2 full, 1 partial
Square feet: 2,346
Year built: 1956
Completely reimagined mid-century modern residence built in 1956 with about 2,346 square feet and three bedrooms. The renovation emphasizes open living, large picture windows and a remodeled kitchen with quartz counters and a walk-in pantry. A primary suite addition includes a spa-style bathroom and walk-in closet. Extensive systems work and new exterior landscaping are included, with noted access to several private lake easements.
Why I Picked This Home
Comprehensive systems and finish upgrades reduce near-term maintenance concerns, while peek-a-boo lake views and access to multiple private lake easements add lifestyle value—combining renovated mid-century character with turn-key convenience.
What Buyers Should Know About Price Reductions
When evaluating price reductions, buyers should compare recent comparable sales in the immediate neighborhood, examine the condition and scope of any renovations, and verify permits. Inspections remain critical to reveal deferred maintenance or system issues. Factor in financing terms and contingencies, and assess local demand and inventory levels to judge leverage and timing.
A price reduction can indicate seller motivation, but it can also mean that the original asking price was higher than the market supported.
The reduction itself is only one piece of the puzzle. Buyers should still review comparable sales, property condition, disclosures, inspection findings, financing terms and neighborhood demand before deciding how much value a price change actually creates.
Interested in One of These Homes?
If one of these properties caught your attention, I can send you the current listing details, photos, disclosures, showing availability and recent comparable sales.
Listing information is subject to change. Properties featured in this article may be listed by brokers other than Steven Tran and Diverse Realty Group.
Steven Tran
Oregon and Washington real estate broker serving Portland Metro and Southwest Washington. I work with relocation buyers, first-time and move-up buyers, investors and new construction clients.
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