The real estate market in Lake Oswego last week continued to be well balanced between buyers and sellers. There were 18 properties that came onto the market, 3 of which sold so fast that in this report they are part of the pending properties. 21 properties went pending and 16 sold/closed.
Surprisingly, interest rates actually went down slightly after the Federal Reserve raised the prime lending rate by .75%. Mortgage rates are influenced by the prime lending rate but not completely dictated. Other forces have impact as well. The drop in mortgage rates was a refection of factors such as investors taking money out of the stock market and putting it into safer investments like mortgage bonds. This growing demand leads to lower rates.
See below for further RMLS data.
New Listings July 18-24, 2022
| Address | Type | Price | BR | Bath | Sq Feet |
| 168 Oswego Summit | Condo | $330,000 | 2 | 2 | 1383 |
| 668 McVey Ave #83 | Condo | $480,000 | 2 | 1.5 | 992 |
| 66 Wheatherstone #35 | Condo | $599,900 | 4 | 3.5 | 2465 |
| 5429 Kenny St | Detached | $715,000 | 3 | 2 | 1584 |
| 3585 Lake Grove Ave | Detached | $820,000 | 4 | 2 | 1575 |
| 1714 Greentree Rd | Detached | $900,000 | 4 | 3 | 3110 |
| 63 Touchstone | Detached | $925,000 | 4 | 3 | 3088 |
| 860 Lake Forest Dr | Detached | $998,000 | 5 | 2.5 | 2025 |
| 3460 Lake Grove Ave | Detached | $1,395,000 | 3 | 2 | 1673 |
| 11 Nansen Summit | Detached | $1,495,000 | 4 | 4.5 | 4955 |
| 178 Pine Valley Rd | Detached | $1,850,000 | 5 | 3.5 | 3001 |
| 1250 SW Englewood Rd | Detached | $2,499,000 | 3 | 3.5 | 5097 |
| 1901 Childs Rd | Detached | $3,400,000 | 5 | 3 | 3516 |
| 13777 Cameo Ct | Detached | $4,198,000 | 5 | 5.5 | 7300 |
| 1901 Childs Rd | Detached | $4,800,000 | 5 | 3 | 3516 |
Pending Sales July 18-24, 2022
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 4000 Carman Dr D51 | Condo | $314,900 | 2 | 2 | 885 | 7 |
| 3652 Spring Ln | Condo | $369,000 | 2 | 2 | 1117 | 11 |
| 13880 Sundeleaf | Detached | $425,000 | 2 | 1 | 1048 | 3 |
| 4405 Thunder Vista Ln | Condo | $445,500 | 2 | 2.5 | 1922 | 56 |
| 17 Da Vinci | Detached | $550,000 | 3 | 2 | 1876 | 5 |
| 5970 Kennycroft Way | Detached | $599,900 | 3 | 2 | 1212 | 81 |
| 1765 Conifer Dr | Detached | $749,000 | 4 | 2 | 2334 | 16 |
| 2020 Wembley Park Rd | Detached | $775,000 | 3 | 2 | 1712 | 4 |
| 2062 Cedar Ct | Detached | $785,000 | 3 | 2 | 1800 | 1 |
| 5480 Burma Rd | Detached | $829,000 | 4 | 2 | 1632 | 22 |
| 5115 Firwood Rd | Detached | $849,000 | 3 | 2.5 | 1660 | 25 |
| 19 Touchstone | Detached | $899,000 | 4 | 3 | 2789 | 1 |
| 4121 Wolf Berry Ct | Detached | $975,000 | 3 | 2.5 | 2654 | 4 |
| 18100 Bryant Rd | Detached | $990,000 | 3 | 1.5 | 1425 | 13 |
| 19330 River Run Rd | Detached | $995,000 | 4 | 4 | 3955 | 18 |
| 347 6th St | Attached | $1,050,000 | 3 | 3.5 | 2360 | 3 |
| 1455 Nelson Ct | Detached | $1,149,000 | 4 | 2.5 | 2210 | 14 |
| 13330 Hidden Bay Ct | Detached | $1,149,000 | 4 | 2.5 | 3057 | 1 |
| 4996 Cascara Ln | Detached | $1,195,000 | 3 | 2.5 | 3106 | 25 |
| 754 5th St | Detached | $1,298,000 | 3 | 3 | 2179 | 7 |
| 732 2nd St | Detached | $2,299,000 | 4 | 3.5 | 3547 | 32 |
Sold/Closed July 18-24, 2022
| Address | Type | List Price | Sold Price | Sq Feet | DOM |
| 45 Eagle Crest Dr #504 | Condo | $240,000 | $230,000 | 768 | 19 |
| 4000 Carman Dr #40 | Condo | $300,000 | $350,000 | 906 | 10 |
| 16300 Reese Rd | Detached | $675,000 | $593,000 | 2100 | 8 |
| 17188 Rebecca Ln | Detached | $690,000 | $705,000 | 1930 | 4 |
| 980 Lund St | Detached | $725,000 | $715,000 | 1,833 | 14 |
| 5497 Willow Ct | Attached | $775,000 | $725,000 | 2427 | 56 |
| 14251 Camden Ln | Detached | $719,000 | $735,000 | 2179 | 2 |
| 3 Beckket St | Detached | $775,000 | $765,000 | 4285 | 18 |
| 21 Touchstone | Detached | $959,900 | $835,000 | 1918 | 45 |
| 2291 Wembley Park Rd | Detached | $999,500 | $964,000 | 2150 | 11 |
| 5322 Carman Grove Ln | Detached | $1,200,000 | $1,050,000 | 2647 | 22 |
| 13 Buckingham Terrace | Detached | $999,990 | $1,162,000 | 2946 | 4 |
| 16219 White Oaks Dr | Detached | $1,200,000 | $1,200,000 | 2862 | 0 |
| 568 Weidman Ct | Detached | $1,275,000 | $1,275,000 | 3702 | 3 |
| 5455 Childs Rd | Detached | $2,395,000 | $2,195,000 | 3870 | 28 |
| 688 6th St | Detached | $1,940,000 | $2,300,000 | 2939 | 27 |
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