Lake Oswego Reads 2024

The book for Lake Oswego Reads 2024 has been announced. It will be Honor by Thrity Umrigar.

Umrigar is the best selling author of numerous books including The Space Between Us and The Museum of Failures. The story follows two couples as they navigate the dangerous and heartbreaking challenges of love across cultural divides.

This is the 18th year for Lake Oswego Reads. I’ve read the chosen book many times and have come to trust the selections. The basic idea is that the community all read the same book and then enjoy city-wide events for the month of April. These events include art displays, history discussions, food tastings, and more. It all culminates when the author comes into town to give a talk on the book and the writing process.

Friends of Lake Oswego Library has obtained 1000 copies of the book that will be given away on March 2nd. The library has also obtained both hard copies and audio copies for borrowing.

I do plan to obtain a copy and enjoy the book. I hope you will as well. For more information, click here.

Dianne

Market Activity Feb 5-11, 2024

Last week in Lake Oswego there were 13 new listings. One sold very fast and appears in this report as a pending sale. 12 properties received offers that were accepted and are now in pending status. 9 purchases closed and are now sold.

What caught my attention is the Days on the Market. It looks like either a property sells really fast, or it takes way too long. It’s all about correct pricing. People shopping for homes are smart. They compare the houses that they see and recognize a well-priced home. This does not mean underpriced. It does mean NOT overpriced. Correctly priced houses sell with in a few weeks, and they sell at or very close to the asking price. It’s not rocket science.

See below for RMLS data.

New on the Market

AddressTypePriceBedroomsBathsSq Feet
668 McVey Ave #14Condo$389,50011636
51 Condolea CtCondo$599,00032.52198
5512 Childs RdDetached$750,000421928
17558 Bryant RdDetached$845,00042.52172
14480 Camden LnDetached$940,00032.52069
14257 Edenberry DrDetached$1,295,00042.53347
818 Ash StDetached$1,395,000321500
922 E AveDetached$1,495,000321793
2107 Goodall CtDetached$1,495,000433029
13571 Westlake DrDetached$1,625,00054.54079
12830 Alto Park RdDetached$1,899,90043.53509
17341 Westview DrDetached$2,548,00043.53647

Pending Sales Feb 5-11, 2024

AddressTypePriceBedroomsBathsSq FeetDOM
1951 Greentree RdDetached$599,9003324494
18667 Benfield AveDetached$709,9004214142
31 Churchill DownsDetached$775,00064.53794146
875 Palisades Terrace DrDetached$865,0004321815
740 Pebble Beach CtDetached$949,000321745132
18810 Stafford RdDetached$999,000218843
4039 Canal Woods CtDetached$1,450,00043.5417829
47 Hillshire DrDetached$1,495,00042.53324147
1800 Sarah Hill LnDetached$1,650,00042.53085232
18187 Siena DrDetached$1,850,00043.539084
17312 Bergis Farm DrDetached$1,999,00044.5+.54804104
17660 Wayside LnDetached$2,600,00055.5597529

Sold/Closed Feb 5-11, 2024

AddressTypeList PriceClosed PriceSq FeetCDOM
4000 Carman Dr #91Condo$295,000$298,0007673
3804 Botticelli StCondo$330,000$330,00011321
4 Touchstone Dr #35Condo$345,000$340,000130313
18017 Tualata AveDetached$595,500$595,500112418
16724 Roosevelt AveDetached$599,000$599,00012703
51 Oriole LnDetached$589,000$601,500121699
4745 Dogwood DrDetachedAuction$946,050392043
17104 Canal CircleDetached$1,950,000$1,855,0003473325
4394 Lords LnDetached$1,975,000$1,950,00039051

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.

Jan 2024 – Stats for Portland Area + LO

Here is your breakdown from the previous month/January 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 ~ January 2024 Market Data: 

The big stories are that the Portland Metro area saw a jump in overall inventory, and New Listings shot up over last month by 89.2%.  Neither of these things is unusual as we move past the dividing line into the New Year, and/but there is a general feeling that this is just the beginning of a new trend. We’ll have to see what the numbers are for Feb once they’re available.  We also see downward motion on the overall sale price numbers from December… That is not necessarily unusual either because the end of the year is a notorious time for people to want to negotiate aggressively for various reasons.

Lake Oswego sale price average can vary widely from month to month affected greatly by the sale of one or several high dollar or low dollar properties that tend to skew the real meaning of following that particular stat in LO.

Rates: “Rates have stabilized in the low to mid 6% range. I don’t anticipate major movement in the next few weeks”         Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS Market Action Report  for the Portland Metro Area January 2024:

  • There were 1,941 New Listings in January which is up 0.2% from 1,938 in Jan 2023 and a whopping 89.2% from the 1,026 in the previous month/December.
  • At 1,120 Jan 2024’s Closed Sales (Solds) are up 2.9% from Jan 2023’s 1,088, and down 15.8% from the previous month’s total of 1,330.
  • At 1,492 Jan 2023’s Pending Sales (Accepted Offers) are down 15.8% from Jan 2023’s 1,771, and up 14.0% from the previous month/December’s total of 1,309.
  • The Average Sale Price for Jan 2024 of, $564,600 is up$31,700. from last year/Jan 2023’s $532,900, and is down $22,200 from the p­­revious month/Dec’s $586,800. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in Jan 2024 of $505,000 is up $15,500 from Jan 2023’s $489,500, & down $20,000 from Dec’s $525,000

NEIGHBORHOODS:

LAKE OSWEGO: (Month of Jan ’24)

167 Active Listings (Dec 171)
96 New Listings  (Dec 45)
69 Pending Sales (Dec 46)
44 Closed Sales  (Dec 60
Average Sale Price for Dec: $883,600 (Dec $1,095,500)
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.
89 Days on the Market   (Dec 71)

The data listed above is as reported by the Regional Multiple Listing Service (RMLS)

Market Activity ~ Jan 29 – Feb 4, 2024

Last week there were 15 properties New to the market in Lake Oswego. 10 received Offers and moved to Pending status, and 3 Sold/Closed. Right now there are 104 lovely homes available ranging from $199,900 to $11,500,000. Four are in “Bump-able” status meaning that they’re under some kind of contingent contract and you may view them and make an Offer of your own if you like.

Here is the breakdown according to RMLS:

NEW Jan 29-Feb 4, 2024

AddressList PriceBedsBathsSFProp Type
45 EAGLE CREST DR, #119$299,119$321348CONDO
209 CERVANTES, Lower$330,000$21.11216CONDO
284 CERVANTES, Lower$345,000$221052CONDO
200 BURNHAM RD, #306$359,000$211199CONDO
5052 FOOTHILLS DR, C$445,000$321252CONDO
750 1ST ST, #26$447,000$221350CONDO
1951 Greentree RD$599,900$332449DETACHD
2818 POPLAR WAY$650,000$311056DETACHD
2062 CEDAR CT$898,000$321805DETACHD
4575 OAKRIDGE RD$925,000$32.11976ATTACHD
18810 STAFFORD RD$999,000$211884DETACHD
18100 BRYANT RD$1,050,00031.11804DETACHD
5406 LANGFORD LN$1,279,00032.13415DETACHD
18187 SIENA DR$1,850,00043.13908DETACHD
17331 CANYON DR$2,295,000443795DETACHD

PENDING Jan 29-Feb 4, 2024

AddressList PriceBedsBathsSFProp TypeDays
85 GALEN ST$279,90022989CONDO113
4333 SILVER CT$515,00032.11902CONDO7
121 TOUCHSTONE TER$560,00032.11964ATTACHD4
5554 ROYAL OAKS DR$850,000321861DETACHD17
660 TIPPECANOE CT$875,000321538DETACHD3
939 SUNNY HILL DR$949,90042.13250DETACHD213
17890 ROYCE WAY$1,000,000633108DETACHD3
674 1ST ST$1,175,00022.12147CONDO173
18521 WAXWING CIR$1,200,00042.12936DETACHD72
1836 HIGHLANDS LOOP$2,450,00044.25494DETACHD449

SOLD Jan 29-Feb 4, 2024

AddressOpeningClosedBedsBathsSFProp TypeDays
3433 MCNARY PKWY #407$275,000$275,000221008CONDO41
950 TERRACE DR$1,950,000$1,969,00043.14619DETACHD21
17132 LOWENBERG TER$2,100,000$2,010,00044.23322DETACHD61
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) .

Lake Oswego Adult Community Center

One of the really terrific resources available in Lake Oswego is the Adult Community Center. Located at 505 G Avenue, it’s another great reason to live in LO.

There is just a huge variety of activities and services that the center provides. This post will highlight a portion of what is offered. For more information and details click here.

Let’s start with Congregate Lunch and Lunch to Go. Monday, Wednesday and Friday a hot and nourishing lunch is served at 11:30. There is a suggested donation of $4. You can eat at the center and enjoy the company of others, or you can take it to go. On those same days meals are also delivered thru Meals on Wheels.

Within the center you can participate in an assortment of programs.

There are several discussion groups. Current topics are Sports, Media and Culture of the 1960’s, Modern Day Ethics and Society (that would be really interesting!), and Preparing for the Next Chapter Life after 60.

They offer caregiver support for people caring for aging people who have mild to moderate memory loss. This allows the caregiver to drop off the person that they care for and have a couple of hours of respite.

They also offer classes. Here are some current topics:

Grieving the loss of a pet

Preparing your home for aging

Ways to empower yourself in health care

Fraud prevention

The second Friday of each month they offer The Senior Law Project. This is a program where seniors can get a free 30-minute consultation with an attorney

Then there are the trips.

They offer the ability to go grocery shopping twice a month. They offer Let’s Do Lunch. This is super easy and does not require a lot of mobility. Basically a group of folks go to local restaurants and have lunch together. Requiring a bit more mobility are day trips. These are usually to local museums and points of interest. This requires some light walking. Then there are overnight trips. What fun to share an adventure a little farther away! This does require walking and greater mobility.

Did I mention that there is actually a trip coming up that is a tour of local venues to taste pastries? That sounds delightful.

There’s a Movie Matinee program, a Bowling Buddies Club, and trips to Spirit Mountain Casino.

In my own life, my Mom had post-polio syndrome. Resulting from having had polio as a young woman, it was a progressive disorder that affected her mobility. She mostly used a walker in her later years, but occasionally we’d make plans where I knew that much more walking would be required. The day before our planned outing I’d stop by the LO Adult Community Center and check out a wheelchair. My recollection was that I could keep if for a day or two and there was no charge. It was a great help!

This is just a tidbit of all that is available at the center. What a great resource!

Dianne

Market Activity Jan 22-28, 2024

Last week in Lake Oswego there were 6 new listings. One sold very fast and appears in this report as a pending sale. There were 13 properties that accepted offers and went into pending status. There were 6 properties that finalized the purchase and are now sold/closed.

See below for RMLS data.

New on the Market Jan 22-28, 2024

AddressTypePriceBedroomsBathsSq Feet
750 1st St C-16Condo$395,000221350
121 Touchstone TerAttached$560,00032.51964
3485 Devonshire DrAttached$624,950321556
3814 Rivers Edge DrDetached$1,000,00042.53213
668 McVey Ave #50Condo$1,295,00011636

Pending Jan 22-28, 2024

AddressTypePriceBedroomsBathsSq FeetDOM
45 Eagle Crest Dr #122Condo$315,0003213488
14362 Sherbrook PlAttached$475,00021.51279106
16184 Lake Forest BlvdDetached$510,0003113428
100 Leonard St 2-4Condo$550,000221736236
7 Peacock PlDetached$579,00032.51388104
5733 Kimball CtDetached$659,000421346159
12 Independence AveDetached$839,50044299453
4690 Auburn LnAttached$885,00033.5275076
4255 Chad DrDetached$1,250,00043.5385315
4039 Canal Woods CtDetached$1,450,00043.5417814
950 Terrace DrDetached$1,950,00043.5461921
4394 Lords LnDetached$1,975,00043.539051
17132 Lowenberg TerDetached$2,050,00044.5+.5332261

Closed/Sold Jan 22-28, 2024

AddressTypeList PriceSold PriceSq FeetCDOM
16237 Lake Forest BlvdDetached$525,000$525,00011328
1621 Ash StDetached$699,900$705,00018873
369 5th StDetached$825,000$750,000155252
17903 Ridge Lake DrDetached$854,999$836,000254072
4360 Westbay RdDetached$1,274,000$1,190,000263666
670 1st StCondo$1,515,000$1,392,4002767133

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 Week in Lake Oswego

Happy Lunar New Year!

Here are my picks for what to do in Lake Oswego this week~

Mon, Jan 29, 20246:00-8:00 PM ~ Diversity, Equity and Inclusion Advisory Board Meeting (Last Monday every month)- Learn how you can be involved in this dynamic community activity. ***Via Zoom*** MORE INFO HERE

Tues, Jan 30, 2024 – 2:30-4:30 PM ~ Slow Jam ~ Come & enjoy playing music with others! Bring your instrument and make some musical friends.. – ACC, 505 G Avenue Lake Oswego More Info: CLICK HERE

Wed, Jan 31, 2023 – 1:00-4:00 PM ~ Creative Hands ~  This group of volunteers meets to work with donated materials, creating useful items for the community ~ ACC, 505 G Avenue Lake Oswego ~ More Info :  CLICK HERE

Thurs, Feb 1, 2023 – 9:00 AM – 1:00 PM ~ Indoor Playground! ~Bring your little ones 4 yrs old and under to play indoors where it’s warm & dry…& fun! ~ CCP / Cummins Hall, 1060 Chandler Road – More Info:  CLICK HERE

Fri, Feb 2, 2023 – 2:00-4:00 PM ~ Family Movie Matinee~ Start your long weekend with a movie on a rainy day at cozy Children’s Library. ~ Lake Oswego Public Library, 706 Fourth St ~ More Info: CLICK HERE

Sat, Feb 3, 2023 – 1:00-4:00 PM – Lunar New Year Festival!~ Come celebrate the Year of the Dragon with stories, songs, poetry, dance performances, red envelope-folding, dumpling-making lessons & more! ~ Lake Oswego Public Library, 706 Fourth St ~ More Info: CLICK HERE

Market Activity ~ Jan 15-21, 2024

Last week we saw sparse activity largely attributable to the challenging weather & frozen roads inhibiting travel. Even so, however, 4 homes entered the market, 3 moved to Pending status, and 4 Closed/Sold. Two of the three Pending sales were on the market a very short period of time, one of them 4 days appearing as both New and Pending in this same report…so people are out looking for and buying homes regardless of the weather!

Here is the breakdown according to RMLS:

NEW Jan 15-21, 2024

AddressList PriceBedsBathsSFProp Type
4000 CARMAN DR #91$295,000$11767CONDO
45 EAGLE CREST DR #122$315,000$321348CONDO
3804 BOTTICELLI ST$330,000$21.11132CONDO
16184 LAKE FOREST BLVD$510,000$311342DETACHD

PENDING Jan 15-21, 2024

AddressList PriceBedsBathsSFProp TypeDays
4000 CARMAN DR #91$295,000$11767CONDO3
4 SW TOUCHSTONE DR #135$345,000$32.11303CONDO15
2255 GLEN HAVEN RD$859,000$332814DETACHD206

SOLD Jan 15-21, 2024

AddressOpeningClosedBedsBathsSFProp TypeDays
11 OSWEGO #11$332,800$311,000$221241CONDO2
4089 JEFFERSON PKWY$445,000$389,900$22.11361CONDO446
16211 INVERURIE RD$699,900$725,000$32.11819DETACHD26
2320 GLEN HAVEN RD$2,169,900$2,119,900$343875DETACHD140
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) .

Be Prepared

We don’t get severe weather very often. Generally, winter in Lake Oswego is mostly rainy with mild temperatures in the 40s. However, it is also pretty common that for a few days each winter we will get temperatures low enough to bring us snow and ice. Last week was one of those occasions. It was severe enough that the mayor of Lake Oswego declared a state of emergency. The unique factor was the snow and ice were accompanied by high winds. This brought down trees and tree limbs. And this led to power outages throughout the Portland metro area. At my house we lost power for 5 days. So here are a few of my take aways about being prepared and what to expect.

It may be cold.

If you can, install a generator. They come in different sizes. Small ones to just power your furnace and large ones for the entire house.

You can purchase indoor-rated propane heaters. This is what we used at my house. Make sure that they are indoor rated! With two heaters going we kept our kitchen at about 55 degrees.

Wear layers. Hats and gloves may feel goofy indoors, but they help a lot.

Drip your faucets. Just a small drip at each faucet can keep your pipes from freezing. Bursting pipes don’t have to be round two of coping with a cold snap if you take precautions.

If you haven’t lost power, you still need to take care of your pipes. Particularly if they are located in exterior walls. Consider leaving cupboard doors open so that the interior of the cupboards are well heated.

Buy things ahead of the weather event. Propane was a rare commodity and the stores around Lake Oswego were completely sold out. My son, who lives in Hillsboro, where they didn’t loose power, brought us propane that he purchased in that part of town. So stock up on things you’ll need before they are sold out: propane, candles, and batteries.

Take care of your trees

Hire an arborist to examine the trees in your yard. If you are considering buying a house, think about adding an arborist to your home inspection. Then do what they recommend. My husband and I have done this in our yard. It has paid for itself many times over. We just don’t have limbs and trees coming down. It’s not a 100% guarantee, but it has been money well spent in our household.

The bottom line is that these weather events happen. Be prepared and make it as smooth as possible. The heat will come back on and the yard will get cleaned up. And don’t forget to enjoy the winter wonderland!

Dianne

Market Activity Jan 8-14, 2024

My first market activity report of the new year. Love it!

Last week in Lake Oswego there were 7 new listings, one of which sold quickly and appears in this report as a pending sale. There were 10 properties that accepted offers and moved to pending status, and there were 5 closed sales.

See below for RMLS data.

New Listings Jan 8-14, 2024

AddressTypePriceBedroomsBathsSq Feet
200 Burnham Rd #209Condo$412,000221305
5554 Royal Oaks DrDetached$850,000321861
5995 Shakespeare StDetached$929,950332600
4039 Canal Woods CtDetached$1,450,00043.54178
2711 Greentree RdDetached$1,749,00053.53315
17660 Wayside LnDetached$2,600,00055.55975

Pending Sales Jan 8-14, 2024

AddressTypePriceBedroomsBathsSq FeetDOM
1221 Boca Ratan DrAttached$499,00032.5181278
51 Oriole LnDetached$589,00032121699
16724 RooseveltDetached$599,00031.512703
369 5th StDetached$825,00021155252
21 Hidalgo StDetached$990,00043339278
29 Del Prado StDetached$1,050,0004230373
3857 Carman DrDetached$1,095,00032.5253137
5320 Childs RdDetached$2,100,00063476529
2320 Glen Haven RdDetached$2,119,90034387510
4200 Old Gate RdDetached$2,675,00054.548719

Sold/Closed Jan 8-14, 2024

AddressTypeList PriceClosed PriceSq FeetCDOM
2031 Bonniebrae DrAttached$555,000$460,0001611119
12844 Boones Ferry Rd #117Condo$489,000$475,000119176
5453 Willow CtAttached$762,000$740,000244691
1724 Oak StDetached$900,000$878,000218917
2348 Overlook DrDetached$1,025,000$900,0002567130

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.