Market Activity Report July 18-24, 2022

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

AddressTypePriceBRBathSq Feet
168 Oswego SummitCondo$330,000221383
668 McVey Ave #83Condo$480,00021.5992
66 Wheatherstone #35Condo$599,90043.52465
5429 Kenny StDetached$715,000321584
3585 Lake Grove AveDetached$820,000421575
1714 Greentree RdDetached$900,000433110
63 TouchstoneDetached$925,000433088
860 Lake Forest DrDetached$998,00052.52025
3460 Lake Grove AveDetached$1,395,000321673
11 Nansen SummitDetached$1,495,00044.54955
178 Pine Valley RdDetached$1,850,00053.53001
1250 SW Englewood RdDetached$2,499,00033.55097
1901 Childs RdDetached$3,400,000533516
13777 Cameo CtDetached$4,198,00055.57300
1901 Childs RdDetached$4,800,000533516

Pending Sales July 18-24, 2022

AddressTypePriceBRBathsSq FtCDOM
4000 Carman Dr D51Condo$314,900228857
3652 Spring LnCondo$369,00022111711
13880 SundeleafDetached$425,0002110483
4405 Thunder Vista LnCondo$445,50022.5192256
17 Da VinciDetached$550,0003218765
5970 Kennycroft WayDetached$599,90032121281
1765 Conifer DrDetached$749,00042233416
2020 Wembley Park RdDetached$775,0003217124
2062 Cedar CtDetached$785,0003218001
5480 Burma RdDetached$829,00042163222
5115 Firwood RdDetached$849,00032.5166025
19 TouchstoneDetached$899,0004327891
4121 Wolf Berry CtDetached$975,00032.526544
18100 Bryant RdDetached$990,00031.5142513
19330 River Run RdDetached$995,00044395518
347 6th StAttached$1,050,00033.523603
1455 Nelson CtDetached$1,149,00042.5221014
13330 Hidden Bay CtDetached$1,149,00042.530571
4996 Cascara LnDetached$1,195,00032.5310625
754 5th StDetached$1,298,0003321797
732 2nd StDetached$2,299,00043.5354732

Sold/Closed July 18-24, 2022

AddressTypeList PriceSold PriceSq FeetDOM
45 Eagle Crest Dr #504Condo$240,000$230,00076819
4000 Carman Dr #40Condo$300,000$350,00090610
16300 Reese RdDetached$675,000$593,00021008
17188 Rebecca LnDetached$690,000$705,00019304
980 Lund StDetached$725,000$715,0001,83314
5497 Willow CtAttached$775,000$725,000242756
14251 Camden LnDetached$719,000$735,00021792
3 Beckket StDetached$775,000$765,000428518
21 TouchstoneDetached$959,900$835,000191845
2291 Wembley Park RdDetached$999,500$964,000215011
5322 Carman Grove LnDetached$1,200,000$1,050,000264722
13 Buckingham TerraceDetached$999,990$1,162,00029464
16219 White Oaks DrDetached$1,200,000$1,200,00028620
568 Weidman CtDetached$1,275,000$1,275,00037023
5455 Childs RdDetached$2,395,000$2,195,000387028
688 6th StDetached$1,940,000$2,300,000293927

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