This week’s Portland Metro Price Alert is a dated, weekly review of selected Portland-area homes that have seen notable list price reductions. I’m highlighting properties that caught my attention for reasons ranging from views and lot size to architectural pedigree and recent updates.
These are curated selections, not necessarily the largest or most recent reductions across the market. Read these summaries to get a quick sense of why each property might matter to buyers and what to look for when you evaluate a price change.
The listings and prices in this article were reviewed on October 28, 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 | $1,149,000 | $1,229,000 | About $80,000 |
| 2215 NW CRESTVIEW WAY Portland, OR 97229 | $1,295,000 | $1,439,000 | About $144,000 |
| 4633 SW HILLSIDE DR Portland, OR 97221 | $1,245,000 | $1,595,000 | About $350,000 |
| 5510 SW SWEETBRIAR ST Portland, OR 97221 | $1,095,000 | $1,195,000 | About $100,000 |
| 1053 NORTHSHORE PL Lake Oswego, OR 97034 | $965,000 | $1,145,000 | About $180,000 |
1. Contemporary Home in Lake Oswego
Address: 8 GARIBALDI ST Lake Oswego, OR 97035
Current price: $1,149,000
Original list price: $1,229,000
Reduction from original price: About $80,000
Bedrooms: 4
Bathrooms: 3 full
Square feet: 4,080
Year built: 2000
Perched in Mountain Park, this Northwest Contemporary emphasizes panoramic mountain views with walls of windows and vaulted ceilings across roughly 4,080 square feet. The chef’s kitchen centers an oversized island, walk-in pantry and glass-front cabinets. The primary suite includes a balcony and a remodeled spa bath with heated tile. The main level opens to a flat, walk-out backyard with mature landscaping and multiple outdoor rooms.
Why I Picked This Home
Panoramic views of Mt. Hood, Mt. Jefferson and Mt. St. Helens combined with a true level walk-out yard are rare for a view home. Mechanical highlights like hydronic radiant heat, central air, EV charger and dual laundry add practical value.
2. Traditional Home in Portland
Address: 2215 NW CRESTVIEW WAY Portland, OR 97229
Current price: $1,295,000
Original list price: $1,439,000
Reduction from original price: About $144,000
Bedrooms: 4
Bathrooms: 4 full, 1 partial
Square feet: 6,533
Year built: 1998
A French Country residence in Forest Heights with nearly 6,533 square feet, custom design by Curt Olson, and sweeping southwest views. The plan balances formal living and dining with a kitchen/family room that opens to a large deck. Four bedrooms, two home offices, extensive lower-level recreation space and a professional-quality workshop accompany an oversized four-car garage and terraced, usable backyard.
Why I Picked This Home
Architect-designed scale and bespoke details set this property apart. The combination of panoramic views, a flat usable yard, significant indoor flexibility and a workshop/four-car garage creates a distinctive offering for buyers seeking room and adaptability.
3. Contemporary Home in WEST HILLS
Address: 4633 SW HILLSIDE DR Portland, OR 97221
Current price: $1,245,000
Original list price: $1,595,000
Reduction from original price: About $350,000
Bedrooms: 5
Bathrooms: 3 full, 1 partial
Square feet: 5,000
Year built: 2001
Tucked at the end of a private drive in the West Hills, this custom contemporary Craftsman offers about 5,000 square feet across three levels with five bedrooms and multiple entertaining areas. Enjoy strong indoor/outdoor flow via patios, decks and a stone fire pit, plus recent updates including a refined HVAC system, newer roof, fresh paint and custom built-ins. The home sits privately yet remains close-in to central Portland.
Why I Picked This Home
The house pairs substantial square footage and memorable valley views with recent mechanical and cosmetic updates. A $350,000 reduction highlights a clear value narrative for buyers seeking privacy, substantial indoor/outdoor living and a close-in West Hills address.
4. Contemporary Home in Portland
Address: 5510 SW SWEETBRIAR ST Portland, OR 97221
Current price: $1,095,000
Original list price: $1,195,000
Reduction from original price: About $100,000
Bedrooms: 5
Bathrooms: 3 full, 1 partial
Square feet: 4,623
Year built: 1964
Offered for the first time in decades, this custom daylight ranch/NW Contemporary on roughly .46 acres in the SW Hills spans about 4,623 square feet with five bedrooms and three-and-a-half baths. The main-level primary suite, formal rooms and generous family spaces are complemented by three wood-burning fireplaces and a large three-car garage. Recent work includes a high-efficiency HVAC system.
Why I Picked This Home
Provenance and lot size are the headline items here: a long-held custom home on nearly half an acre in the SW Hills with generous scale, original craftsmanship and a layout suited to either preservation or thoughtful updating.
5. Renovated Mid-Century in Country Club
Address: 1053 NORTHSHORE PL Lake Oswego, OR 97034
Current price: $965,000
Original list price: $1,145,000
Reduction from original price: About $180,000
Bedrooms: 3
Bathrooms: 2 full
Square feet: 1,196
Year built: 1966
A refreshed Mid-Century Modern ranch within walking distance of downtown Lake Oswego, this 1,196-square-foot home has vaulted ceilings, a brick fireplace and large triple-pane windows that connect to three composite decks. The property includes a Kurisu Gardens–designed dry pond and paths, recent foundation carbon strapping with transferable warranty, ductless HVAC and an oversized 22’ x 29’ garage, plus optional lake easements (buyer to verify).
Why I Picked This Home
Its walkable Lake Oswego location, strong mid-century character, and distinctive outdoor design by Kurisu Gardens make this a lifestyle-focused listing. Triple-pane windows, multiple decks and a large garage further broaden its practical appeal.
What Buyers Should Know About Price Reductions
A price reduction is one data point. Buyers should still review comparable sales, consider the property’s condition and any deferred maintenance, and order thorough inspections. Confirm financing terms and contingencies, and assess local demand and time on market. Factor in warranty transfers, recent mechanical upgrades, and the cost to bring a property to your standard before assuming the reduction equals instant value.
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
Steven Tran is a Portland-area real estate broker, investor and the creator of Portland Home Guide. He contributes local housing, relocation and market context to help readers make more informed decisions across Portland Metro and Southwest Washington.
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