Lake Oswego Real Estate Blog
From Dianne and I and our families to yours, we wish you a warm and satisfying celebration with your Loved ones. We all have so much to be thankful for… We’ll start: Dianne and I are thankful for you!
Enjoy.
~ Happy Thanksgiving ~
Last week as we’re all getting ready for Thanksgiving festivities, there were also homes being Sold and being placed on the market! A total of 5 properties entered the market, 9 moved to Pending status, and 13 Closed/Sold. Right now there are 190 properties available ranging from $169,900 to $8,800,000.
Here is the breakdown:
NEW Nov 18-24, 2024
| Address | List Price | Beds | Baths | SF | Prop Type |
| 5053 FOOTHILLS DR, C | $395,000 | $3 | 2 | 1252 | CONDO |
| 1 WALKING WOODS DR | $500,000 | $3 | 2.1 | 2264 | DETACHD |
| 2820 DELLWOOD DR | $825,000 | $3 | 2 | 2446 | DETACHD |
| 1463 GREENTREE CIR | $899,900 | $4 | 2.1 | 2048 | DETACHD |
| 8 PIMLICO TER | $995,000 | $5 | 3 | 3120 | DETACHD |
PENDING Nov 18-24, 2024
| Address | List Price | Beds | Baths | SF | Prop Type | Days |
| 16643 SW ROOSEVELT AVE | $650,000 | $4 | 2 | 2222 | DETACHD | 25 |
| 84 KINGSGATE RD | $689,900 | $3 | 2.1 | 1701 | DETACHD | 121 |
| 4582 TRILLIUM WOODS | $799,000 | $3 | 2.1 | 1927 | ATTACHD | 25 |
| 2820 DELLWOOD DR | $825,000 | $3 | 2 | 2446 | DETACHD | 1 |
| 53 TOUCHSTONE | $910,000 | $4 | 2.1 | 2779 | DETACHD | 226 |
| 15112 QUARRY RD | $1,695,000 | $6 | 4.1 | 3953 | DETACHD | 138 |
| 1228 MAPLE ST | $2,097,000 | $4 | 3.1 | 3505 | DETACHD | 601 |
| 1960 MAPLELEAF RD | $2,145,000 | $5 | 5.1 | 4099 | DETACHD | 678 |
| 4375 SOUTHSHORE BLVD | $10,500,000 | $5 | 5.1 | 6147 | DETACHD | 9 |
SOLD Nov 18-24, 2024
| Address | Opening | Closed | Beds | Baths | Prop Type | SF | Days |
| 141 Oswego Summit / Upper | $275,000 | $260,000 | $2 | 2 | CONDO | 1140 | 207 |
| 512 S STATE ST #512 | $325,000 | $297,925 | $1 | 1 | CONDO | 829 | 20 |
| 6313 ALYSSA TER | $500,000 | $494,000 | $3 | 2.1 | ATTACHD | 1534 | 58 |
| 360 CERVANTES CIR | $245,000 | $557,600 | $2 | 1 | CONDO | 832 | 7 |
| 5325 OAKRIDGE RD | $550,000 | $660,050 | $4 | 2 | DETACHD | 1201 | 5 |
| 6336 FROST ST | $795,000 | $770,000 | $4 | 3 | DETACHD | 2200 | 7 |
| 4912 Hampton CT | $799,950 | $785,000 | $3 | 2.1 | DETACHD | 2039 | 3 |
| 19 CHURCHILL DOWNS | $925,000 | $885,000 | $4 | 3 | DETACHD | 2175 | 34 |
| 16904 GREENTREE AVE | $920,000 | $885,000 | $4 | 3 | DETACHD | 3356 | 58 |
| 5754 CHARLES CIR | $950,000 | $940,000 | $3 | 2.1 | DETACHD | 2604 | 6 |
| 14260 UPLANDS DR | $1,595,000 | $1,570,000 | $4 | 3 | DETACHD | 2924 | 2 |
| 2366 PALISADES CREST DR | $1,650,000 | $1,650,000 | 4 | 3 | DETACHD | 3422 | 8 |
| 2065 LILLI LN | $1,750,000 | $1,750,000 | 6 | 3.1 | DETACHD | 4457 | 75 |
November 29th, 3-7pm, Millennium Plaza will be the location for the 60th annual holiday tree lighting festival.
Activities include photos with Santa, Timberview Farm Reindeer, sweet trees, music, caroling, and over 40 vendors. The lighting of the Millennium Tree will happen at 5:30.
It’s a great way to kick off the season!
Last week in Lake Oswego the real estate market was very active, for this time of year. There were 13 new listings. Two of those sold quickly and appear in this report as pending sales. There were 15 houses that accepted offers and went into pending status. There were 10 closed sales. Those are solid numbers for November.
See below for RMLS data.
| Address | Type | Price | Bedrooms | Baths | Sq Feet |
| 48 Eagle Crest Dr 4E | Condo | $375,000 | 2 | 2 | 1489 |
| 60 Condolea Ter | Condo | $445,000 | 2 | 3 | 2784 |
| 18021 Tualata Ave | Detached | $570,000 | 3 | 1 | 1410 |
| 15215 Boones Way | Attached | $597,000 | 3 | 2.5 | 1600 |
| 16081 Pearcy St | Detached | $736,000 | 3 | 3 | 1919 |
| 1060 Upper Devon Ln | Detached | $1,300,000 | 3 | 2.5 | 2400 |
| 1176 Troon Rd | Detached | $1,400,000 | 3 | 2 | 3022 |
| 17883 Tamara Ave | Detached | $1,725,000 | 4 | 3 | 3100 |
| 17901 Tamara Ave | Detached | $1,749,000 | 4 | 3 | 3257 |
| 815 E Ave | Detached | $2,495,000 | 3 | 3.5 | 2946 |
| 4375 Southshore Blvd | Detached | $10,500,000 | 5 | 5.5 | 6147 |
| Address | Type | Price | Bedrooms | Baths | Sq Feet | DOM |
| 25 Crestfield Ct | Condo | $299,900 | 2 | 2 | 995 | 42 |
| 5062 Foothills Dr C-#7 | Condo | $464,700 | 2 | 2 | 1252 | 3 |
| 18538 Hallberg Ct | Detached | $575,000 | 3 | 1 | 870 | 29 |
| 5132 Timbergrove St | Detached | $610,000 | 3 | 2 | 1439 | 2 |
| 10 Greenridge Ct | Attached | $630,000 | 2 | 2 | 2063 | 55 |
| 5722 Fernbrook Way | Detached | $699,000 | 3 | 2 | 1580 | 17 |
| 6080 Burma Rd | Detached | $975,000 | 3 | 2 | 2134 | 107 |
| 17291 Cedar Rd | Detached | $1,049,000 | 5 | 4.5 | 2872 | 6 |
| 14186 Kimberly Cir | Detached | $1,150,000 | 4 | 3 | 3226 | 35 |
| 17644 Tree Top Ln | Detached | $1,199,000 | 4 | 3.5 | 4240 | 123 |
| 16610 Woodsman Ct | Detached | $1,300,000 | 4 | 3 | 3462 | 112 |
| 4027 Canal Woods Ct | Detached | $1,474,000 | 4 | 3.5 | 4232 | 155 |
| 3351 Fir Ridge Rd | Detached | $1,895,000 | 4 | 4.5 | 4265 | 209 |
| 2165 Ridge Pointe Dr | Detached | $1,998,000 | 5 | 4 | 4749 | 115 |
| 2121 Wembley Park Rd | Detached | $2,599,900 | 5 | 5.5 | 5025 | 334 |
| Address | Type | List Price | Closed Price | Sq Feet | CDOM |
| 174 Oswego Summit | Condo | $345,000 | $330,000 | 1506 | 28 |
| 3492 Devonshire Dr | Attached | $589,000 | $608,000 | 1556 | 5 |
| 5271 Chinook Ct | Detached | $675,000 | $660,000 | 1390 | 66 |
| 5365 Denton Dr | Detached | $1,250,000 | $1,305,000 | 3143 | 3 |
| 15459 Village Dr | Detached | $1,499,000 | $1,375,000 | 3049 | 11 |
| 2337 Hillside Ln | Detached | $1,749,000 | $1,530,000 | 4932 | 93 |
| 950 Lund St | Detached | $1,675,000 | $1,650,000 | 3098 | 521 |
| 3131 Westview Ct | Detached | $1,986,000 | $1,897,746 | 4597 | 52 |
| 159 5th St | Detached | $2,289,900 | $2,050,000 | 2960 | 27 |
| 310 Chandler Pl | Detached | $2,595,000 | $2,370,000 | 3909 | 36 |
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 breakdown from the previous month, October, 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 ~ October 2024 Market Data:
The Portland area is humming along, though Fall is a slower market traditionally as people enter the “Black Hole of the Holidays”. This year we were impacted with higher than expected rates & many holding off amidst election uncertainty to proceed in 2025 afresh. So, we are seeing a lot of Sellers removing their homes from the market & deciding to re-list in the Spring or after the first of the year. All that said, Closed Sales rose from both October 2023 & 2024, so perhaps that was a burst of Offers accepted right after the hotly anticipated/ultimately disappointing (for immediate mortgage rate relief) Fed rate cut on Sept 18th? Average Sale Price on the whole was down due to Buyer pressure as well.
According to the RMLS Market Action Report for the Portland Metro Area October 2024:
LAKE OSWEGO: (Month of October ’24)
305 Active Listings (Sep 325)
108 New Listings (Sep 123)
90 Pending Sales (Sep 100)
93 Closed Sales (Sep 86)
Average Sale Price for Oct: $1,103,400 (Sep $1,152,900)
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.
67 Days on the Market (Sep 48)
The data listed above is as reported by the Regional Multiple Listing Service (RMLS)
Last week there were 10 properties entering the market, 10 that moved to Pending status, and 7 that Closed/Sold. Right now there are 204 properties available ranging from $169,900 to $10,500,000.
Here is the breakdown:
NEW Nov 4-10, 2024
| Address | List Price | Beds | Baths | SF | Prop Type |
| 750 1ST ST, #E31 | $285,100 | 1 | 1 | 902 | CONDO |
| 48 EAGLE CREST DR, #2E | $399,900 | 3 | 2 | 1623 | CONDO |
| 1349 BONNIEBRAE DR | $485,000 | 3 | 1.1 | 1303 | ATTACHD |
| 1803 BOCA RATAN DR | $650,000 | 3 | 2.1 | 1780 | ATTACHD |
| 5050 LOWER DR | $735,000 | 3 | 2.1 | 1278 | DETACHD |
| 17291 CEDAR RD | $1,049,000 | 5 | 4.1 | 2872 | DETACHD |
| 213 HIDALGO ST | $1,075,000 | 4 | 3.1 | 4088 | DETACHD |
| 840 8TH ST | $1,100,000 | 4 | 3 | 1920 | DETACHD |
| 17010 CHAPIN WAY | $1,599,900 | 4 | 3.1 | 4032 | DETACHD |
| 688 6TH ST | $2,335,000 | 4 | 2.1 | 2939 | DETACHD |
| 13962 Knaus RD | $5,195,000 | 5 | 4.2 | 5404 | DETACHD |
PENDING Nov 4-10, 2024
| Address | List Price | Beds | Baths | SF | Prop Type | Days |
| 4 Touchstone, #110 | $270,000 | 2 | 2 | 989 | CONDO | 6 |
| 16250 PACIFIC HWY, b#71 | $299,000 | 2 | 2 | 1305 | CONDO | 543 |
| 512 S STATE ST, #512 | $300,000 | 1 | 1 | 829 | CONDO | 20 |
| 146 OSWEGO / Upper | $309,900 | 2 | 2 | 1212 | CONDO | 212 |
| 4 TOUCHSTONE, #77 | $324,999 | 3 | 2.1 | 1351 | CONDO | 179 |
| 16200 Pacific Hwy, #2 | $525,000 | 2 | 2 | 1190 | CONDO | 54 |
| 6238 McEwan RD | $595,000 | 3 | 1 | 1170 | DETACHD | 23 |
| 4261 COUNTRY WOODS CT | $725,000 | 2 | 2 | 1608 | DETACHD | 18 |
| 18560 WESTVIEW DR | $1,200,000 | 5 | 2.1 | 3411 | DETACHD | 155 |
| 3159 DOUGLAS CIR | $1,850,000 | 6 | 4.1 | 4571 | DETACHD | 190 |
SOLD/CLOSED Nov 4-10, 2024
| Address | Opening | Closed | Beds | Baths | SF | Prop Type | Days |
| 100 KERR PKWY, #8 | $182,950 | $159,900 | 1 | 1 | 617 | CONDO | 25 |
| 100 KERR PKWY, #36 | $219,000 | $180,000 | 1 | 1 | 617 | CONDO | 155 |
| 13 MORNINGVIEW CIR | $899,500 | $820,000 | 3 | 2.1 | 2519 | DETACHD | 154 |
| 23 BECKET | $950,000 | $920,000 | 5 | 4 | 4478 | DETACHD | 3 |
| 2004 RIDGEWOOD LN | $1,150,000 | $1,075,000 | 3 | 2.1 | 2631 | DETACHD | 77 |
| 840 8TH ST | $1,100,000 | $1,100,000 | 4 | 3 | 1920 | DETACHD | 0 |
| 18320 DELENKA LN | $1,300,000 | $1,240,000 | 4 | 2.1 | 4519 | DETACHD | 89 |
As of this month, not only is the skate park open, but so is the parking lot and the restrooms. If you are not in the area, you may not have seen all of the construction happening along Stafford Road between the City Golf Course and Rosemont Rd. The skate park is just one component of this development: the others being a new municipal pool and a large rec center. The skate park is step #1.
More exciting news is that this fall the City was awarded a $1 million matching grant from the Oregon Parks and Recreation Department Local Government Grant Program to fund construction of a play ground and picnic shelter adjacent to the skate park. The goal is to complete these by the summer of 2025.
The skate park is formally known as Rassekh Park. These are wonderful improvements to our community. The combination of skate park, playground and picnic shelter sounds like an ideal place to take the kiddos to work off some of that energy. Enjoy!
Dianne
Closed sales and pending sales are holding strong with 16 closed sales and 12 pending sales in Lake Oswego last week. This is a reflection of folks being motivated to get into their new home before the holidays. Active listings have dropped off to just 6. One of those sold quickly and appears in this report as a pending sale.
See below for RMLS data.
| Address | Type | Price | Bedrooms | Baths | Sq Feet |
| 4 Touchstone #110 | Condo | $270,000 | 2 | 2 | 989 |
| 5061 Foothills Dr B | Condo | $419,000 | 2 | 2 | 1077 |
| 5722 Fernbrook Way | Detached | $715,000 | 3 | 2 | 1580 |
| 333 6th St | Detached | $2,325,000 | 4 | 3.5 | 3605 |
| 1289 Chandler Rd | Detached | $5,100,000 | 4 | 4.5+.5 | 5451 |
| Address | Type | Price | Bedrooms | Baths | Sq Feet | DOM |
| 5 Crestfield Ct | Condo | $285,000 | 2 | 1 | 921 | 16 |
| 6313 Alyssa Ter | Attached | $499,000 | 3 | 2.5 | 1534 | 58 |
| 5320 Chinook Ct | Detached | $575,000 | 3 | 1.5 | 1008 | 97 |
| 1277 Hallinan Cir | Detached | $649,000 | 3 | 2 | 1242 | 6 |
| 1471 Greentree Cir | Detached | $899,900 | 4 | 2.5 | 2128 | 91 |
| 4737 Lakeview Blvd | Detached | $949,000 | 4 | 2.5 | 2673 | 50 |
| 5364 Denton Dr | Detached | $1,250,000 | 4 | 2.5 | 3143 | 3 |
| 18440 Delenka Ln | Detached | $1,350,000 | 4 | 3.5 | 4696 | 28 |
| 5464 Southwood Dr | Detached | $1,450,000 | 5 | 3 | 3687 | 16 |
| 14260 Uplands Dr | Detached | $1,595,000 | 4 | 3 | 2924 | 2 |
| 3131 Westview Ct | Detached | $1,899,996 | 4 | 4.5 | 4597 | 52 |
| 17575 Crestline Dr | Detached | $3,898,000 | 5 | 4.5+.5 | 7240 | 85 |
| Address | Type | List Price | Closed Price | Sq Feet | CDOM |
| 100 Kerr Pkwy #24 | Condo | $207,000 | $150,000 | 617 | 46 |
| 4000 Carman Dr D57 | Condo | $319,900 | $291,000 | 836 | 7 |
| 5061 Foothills Dr #87 | Condo | $419,000 | $400,000 | 991 | 8 |
| 5225 Jean Rd #501 | Condo | $445,000 | $440,000 | 1500 | 8 |
| 16538 Carnegie Ave | Detached | $589,900 | $520,000 | 1189 | 41 |
| 5512 Childs Rd | Detached | $729,900 | $604,000 | 1928 | 224 |
| 6355 Dawn St | Detached | $625,000 | $610,000 | 1268 | 113 |
| 27 Oriole Ln | Detached | $675,000 | $650,000 | 1851 | 33 |
| 5437 Heritage Ln | Detached | $775,000 | $759,000 | 1619 | 62 |
| 18434 Sandpiper Cir | Detached | $824,900 | $824,900 | 1849 | 7 |
| 3853 Carman Dr | Detached | $1,075,000 | $1,088,094 | 2531 | 5 |
| 5651 La Mesa Ct | Detached | $1,170,000 | $1,175,000 | 2718 | 1 |
| 1507 Cedar St | Detached | $1,249,000 | $1,200,000 | 2590 | 21 |
| 10 Sherwood Ct | Detached | $1,575,000 | $1,320,000 | 3289 | 116 |
| 2990 Glen Eagles Rd | Detached | $1,495,000 | $1,500,000 | 3787 | 3 |
| 17160 Wall St | Detached | $1,899,000 | $1,799,000 | 3305 | 86 |
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
Today we awake in the same great community we fell asleep in. Over our history as a community we’ve consistently demonstrated our ability to come together, lead by example, respectfully engage in civil dialogue and care for one another as neighbors. We’re a community of mixed political beliefs but many shared values, and today, just like every day, our neighbors are counting on us to continuing supporting one another as we make Lake Oswego a community every resident feels safe and at home in, where we enhance the natural environment for future generations, where local businesses can thrive and where our kids receive an incredible education.
I’m grateful to Lake Oswego voters for another term as your mayor. In that role my first priority is to ensure our community is safe and healthy for everyone in it. The impact we all have locally from the love we hold for our City and one another as neighbors transcends any national rhetoric meant to divide and instill fear. As Oswegans we stand united behind ensuring a positive future for our City, in protecting every one of our neighbors and in standing up for what’s right and just. I look forward to walking hand and hand with you all and my colleagues on the City Council as we work toward many more shared accomplishments in the years ahead! Congratulations to Councilors Mboup, Verdick and Rapf on their re-elections and to State Rep. Daniel Nguyen on his! Our community has good people representing it thanks to you all as voters.
Joe Buck, 11/6/24
Every four years we get to participate in this awesome privilege and responsibility of voting for President of the United States, along with many other important local and national choices. Lake Oswego makes it simple with Ballot Box drop-off sites available for easy submission. Here in Oregon we get an email letting us know that our ballot was received and counted. It’s important. Get out and Vote!!
Here is a link to Ballot Box location options: CLICK HERE
