The Buying/Selling Season

Real estate is bought and sold year round, but it does have a rhythm. Here in Oregon, the peak months to buy and to sell are May and June. This has a lot to do with the school year. People simply prefer to be settled in after a move with plenty of time before school starts. I think it also has to do with how great landscaping looks in May and in June. Our gardens are in their fully glory with lilacs, rhododendrons, and the new starts of annuals and raised beds.

This is certainly born out by looking at the increase in new listings in the last few weeks. We had 29 new listings last week! In December and January that number dwindles to 4 or 5.

The other factor that comes into play is the weather. As we come out of winter, approaching the end of the school year, and things warm up, people are excited and motivated for making a change. Then the summer heat sets in and people are trying to cool off by finding a river or a beach and going on vacation.

The market remains strong though the summer and the early fall. It cools off at Halloween. Houses are still bought and sold, but just in smaller numbers. November, December, and January things are pretty quiet: all in anticipation of spring.

If you are thinking about buying or selling, please reach out to either Linda or myself. We would love to help you.

Dianne

Market Activity April 14-20, 2025

Last week was a big week for new listing in Lake Oswego. There were a whooping 29! That’s a lot. 2 of those sold quickly and appear in this report as pending sales. There were 11 properties that moved to pending status and 19 closed transactions.

See below for RMLS data.

New Listings April 14-20, 2025

AddressTypePriceBedroomsBathroomsSq Feet
73 Oswego SummitCondo$285,000221212
48 Eagle Crest Dr 4CCondo$374,888221445
48 Eagle Crest Dr 2CCondo$425,000321623
100 Leonard ST 3-4Condo$695,000321736
5057 W Sunset DrAttached$698,00022.51720
14428 Holly Springs RdCondo$774,90032.51372
11 El Greco StDetached$998,00042.5+.52609
2491 Overlook DrDetached$1,175,000433456
3802 Southshore BlvdDetached$1,200,000432017
17488 Mardee AveDetached$1,249,00042.52168
17356 Bryant RdDetached$1,295,00042.53135
4360 Upper DrDetached$1,300,00042.52600
17421 Brookhurst DrDetached$1,349,00054.53756
3823 Carman DrDetached$1,395,00033.52763
2348 Summit DrDetached$1,450,000432913
5665 Grand Oaks DrDetached$1,500,000534226
1931 Park Forest CtDetached$1,695,000654107
2896 Tolkien LnDetached$1,795,00053.55425
49 Briarwood RdDetached$1,998,00032.53074
207 Ridge Pointe DrDetached$2,250,000555600
2735 Glen Eagles RdDetached$2,325,00043.52959
530 8th StDetached$2,650,00054.54056
555 6th StDetached$2,650,00044.53905
3140 Childs RdDetached$3,400,00056.56522
2627 Park RdDetached$3,500,00043.54992
3525 Lake Grove AveDetached$3,600,00043.55007
455 G AveDetached$3,900,00053.54819

Pending Sales April 14-20, 2025

AddressTypePriceBedroomsBathroomsSq FeetDOM
4322 Botticlli StCondo$400,00022.5226095
4323 Lakeview BlvdDetached$620,000421483104
1706 Boca Ratan DrAttached$625,00032.517393
5592 Yorkshire PlDetached$840,0003216536
14 HotspurDetached$990,00042.527766
76 Condolea WayCondo$998,00033274639
1405 Cherry Crest AveDetached$1,249,00042.5313810
3710 Marquis CtDetached$1,350,00043.536111
17875 Crestline DrDetached$1,750,00043.5336183
4440 Upper DrDetached$1,875,00043.5366043
17104 Cedar RdDetached$2,895,00033334313

Sold/Closed April 14-20, 2025

AddressTypeList PriceSold PriceSq FeetCDOM
44 Eagle Crest Dr #15Condo$220,000$200,000798150
4057 Jefferson PkwyCondo$365,000$359,000128273
3956 Carman DrCondo$399,900$393,69311073
5053 Foothills Dr CCondo$395,000$425,0001252124
4382 Woodside CirAttached$539,000$547,20012484
15215 Boones WayAttached$597,000$574,0001600120
16748 Lake Forest BlvdDetached$589,000$612,00010765
4321 Collins WayDetached$719,000$708,000218425
17867 Sundown CtDetached$849,900$750,000279921
4664 Firwood RdDetached$775,000$770,000155213
5830 Buma RdDetached$895,000$895,00018749
1571 Bay View LnDetached$1,299,000$1,075,0002854206
5527 Dunmire DrDetached$1,350,000$1,350,00034644
17401 Tree Top LnDetached$1,350,000$1,350,00028974
17815 Pilkington RdDetached$1,650,000$1,565,000300124
4378 Albert CirDetached$1,490,000$1,600,00037232
17075 Old River DrDetached$1,749,000$1,750,000329217
1178 Tyndall CtDetached$1,850,000$1,785,000398242
17550 Lake Haven DrDetached$2,775,000$2,662,000347332

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.

LORAC Ribbon Cutting Celebration

A super exciting event is happening on April 26th: the grand opening of the Lake Oswego Recreation and Aquatics Center. This is so overdue. LO pretty much has it all. Beautiful neighborhoods, top-notch schools, wonderful dining and shopping, but it’s been missing a decent aquatics center.

There has been a pool at Lake Oswego High School, but public use is problematic due to heavy use by the school district. It was built decades ago, and it looks its age. So, getting a new swim center is a wonderful improvement.

There are 2 pools (lap and recreational), basketball, a gym, exercise rooms and Lockeroom’s.

The ribbon cutting is April 26th, 9:30-1:00, with ribbon cutting speeches, self-guided tours, and refreshments. The facility is located at 17525 Stafford Rd.

See you there!

Dianne

Market Activity March 31-April 6, 2025

Spring is definitely in the air with 25 new listings in LO last week. That’s a lot of houses! 4 of those sold quickly and appear in this report as pending sales. 11 houses accepted offers and are now pending and 14 properties closed escrow and are now officially sold.

See below for RMLS data.

New Listings March 31-April 6, 2025

AddressTypePriceBedroomsBathsSq Feet
4000 Carmen Dr #12Condo$295,00022866
44 Eagle Crest Dr #24Condo$300,000321085
12846 Boones Ferry RdCondo$470,00022.51182
16675 Bonaire AveDetached$598,000311030
258 CervantesAttached$624,95032.52312
15128 Glen Eagles CtDetached$900,000422547
1871 Kilkenny DrDetached$950,00052.53086
2475 Glenmorrie DrDetached$995,00032.52892
1921 Indian TrailDetached$1,045,000332882
3231 Duncan DrDetached$1,050,00042.53005
1610 Lee StDetached$1,089,000432616
4730 Avery LnDetached$1,195,00042.52729
3853 Carman DrDetached$1,199,00032.52531
1405 Cherry Crest AveDetached$1,249,00042.53138
9 Buckingham TerDetached$1,279,000432766
1933 Indian TrailDetached$1,399,000322456
1901 Cheryl CtDetached$1,550,00044.55068
17833 Marylcreek DrDetached$1,680,00054.55495
781 Northshore RdDetached$2,198,00032.52361
17104 Cedar RdDetached$2,895,000333343
13041 Knaus RdDetached$3,890,00044.54924

Pending Sales March 31-April 6, 2025

AddressTypePriceBedroomsBathsSq FeetDOM
45 Eagle Crest Dr #204Condo$224,50011768166
19160 Redwing CtDetached$650,0003214714
13143 Vermeer DrDetached$699,00032.522883
855 Palisades TerDetached$849,00042.52221214
17185 Warren CtDetached$920,00032.5241844
2755 Glen Eagles RdDetached$1,000,0003221623
1485 Timberline DrDetached$1,150,00043327438
2747 Glen Haven RdDetached$1,199,00042.529662
14153 Edenberry DrDetached$1,395,00042.532403
1178 Tyndall CtDetached$1,850,00043.5398242
4540 Dogwood DrDetached$2,250,000545535233

Sold/Closed March 31-April 6, 2025

AddressTypeList PriceSold PriceSq FeetCDOM
4 Touchstone #90Condo$310,000$310,000135110
107 Kingsgate RdDetached$699,000$640,0001516148
6462 Frost StDetached$775,000$730,000227922
578 2nd StDetached$819,000$775,0001361147
11 TouchstoneDetached$875,000$890,00027506
550 Northshore RdDetached$1,020,000$1,020,00015550
4114 Casey CtDetached$1,425,000$1,310,0003405146
425 Kenwood RdDetached$1,395,000$1,317,000352711
725 Oak Meadow CtDetached$1,555,000$1,555,00037532
649 9th StDetached$2,195,000$2,095,000281243
1032 Westward HoDetached$2,395,000$2,162,000427744
850 York RdDetached$4,500,000$4,425,00053805
876 Northshore RdDetached$5,095,000$4,600,0005793119
3012 Lakeview BlvdDetached$4,999,500$4,999,50064429

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

Market Activity March 17-23, 2025

Last week in Lake Oswego there were 8 properties that entered the market. Of those, 3 sold quickly and appear in this report as pending sales. 18 properties accepted offers and went into pending status. 9 properties closed escrow and are now sold.

See below for RMLS data.

New on the Market March 17-23, 2025

AddressTypePriceBedrooomsBathsSq Feet
180 Oswego SummitCondo$299,990221338
3450 Childs RdDetached$648,000211835
2760 Overlook DrDetached$825,00042.52441
1275 Hide A Way LnDetached$2,390,00043.52656
5662 Lakeview BlvdDetached$1,834,900433398

Pending March 17-23, 2025

AddressTypePriceBedrooomsBathsSq FeetDOM
4390 Thundervista LnCondo$370,00022.51684242
5053 Foothills Dr CCondo$425,000321252124
4382 Woodside CirAttached$539,0002212484
16748 Lake Forest BlvdDetached$589,0003110765
16808 Inverurie RdDetached$645,00032118219
4321 Collins WayDetached$719,00032218425
1818 Country Club RdDetached$724,900423232
4664 Firwood RdDetached$775,00032155213
5830 Burma RdDetached$895,0004218749
13043 Rogers RdDetached$925,0004218749
8 Del Prado StDetached$1,099,00053378822
4114 Casey StDetached$1,350,00052.53405146
5527 Dunmire DrDetached$1,350,00052.5346411
17401 Tree Top LnDetached$1,350,0004328974
17418 Brookhurst DrDetached$1,449,00043.54164185
17960 Meadowlark LnDetached$1,525,00043.534101
17815 Pilkington RdDetached$1,650,00044.5300124
490 G AveDetached$2,149,90043.52977188

Sold/Closed March 17-23, 2025

AddressTypeList PriceClosed PriceSq FeetCDOM
47 Eagle Crest Dr #4Condo$256,000$270,0009325
38 Cervantes CirCondo$299,950$293,00091249
6338 Washington CtDetached$800,000$800,00015880
17640 Tree Top WayDetached$869,000$879,00027183
4968 Bilford LnDetached$1,049,950$1,050,00023653
15988 White Oaks DrDetached$1,099,000$1,109,00027612
16900 Gassner LnDetached$1,649,998$1,622,500395318
4672 Winthrop CtDetached$1,790,000$1,790,00041610
3119 Douglas CirDetached$3,295,000$2,675,0006524985

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.

Featured Property: 887 6th St

Lake Oswego is a pretty special town. There is no neighborhood in LO that I would not want to live, but there are also a few neighborhoods that are true standouts. At the top of that list, for me, is First Addition.

What makes it so special is its proximity to all of the fun stuff: stores, restaurants, transit, the library, the Adult Community Center, the Gallery Without Walls, and Tryon Creek State Park. It’s vibrant!

Today’s featured property sits in the heart of First Addition at the corner of 6th and G. Built in 1952, the house has 3662 square feet with 5 bedrooms, 3 bathrooms, 3 fireplaces, and a solarium. The lot is oversized at approximately 9800 square feet. There is a large detached garage and room for boat or RV parking. Very well maintained, including new PEX plumbing, the house is in need of cosmetic upgrades. Priced at $1,450,000, this is your opportunity to remodel or redevelop in one of the best locations that LO has to offer.

Questions? Give me a call, 503-803-6298.

Dianne

The Elephant in the Room

If you follow local news, you have likely seen and heard articles about the controversy over public access to Oswego Lake. 13 years ago a local gentleman began a court battle to allow public access to the lake. After winding through various courts, a judge deemed that the lake, because it is navigable, is a public waterway. Over the past week or so, various kayakers and paddle boaters have been accessing and using the lake.

I feel like I see this from both sides. There’s an inherent philosophy in Oregon that water belongs to everyone. Oregon historically deemed many years ago that beaches on the coast are public and not private. If you can get to the sand, you can walk on the sand. This seems to mostly hold true for rivers, creeks and lakes as well. Certainly some bodies of water are so small that they are merely scenic and not useful for recreation. I’ve been in many homes that have small streams in their yards and no one would question that the property owner does not have to allow all of the neighborhood on their property to wade in the little stream. Their right to private use is just not questioned.

I think that this is the basis for the controversy over the lake.

Oswego Lake historically was a very small body of water. Much of it was marshy. It was enlarged and improved by the Oregon Iron and Steel Company beginning in 1850 (before Oregon was even a state). The purpose for the enlargement was to create a dam and to power the steel company’s manufacturing efforts. They cleared out the marshes and excavated to allow water to come in from the Tualatin River, to flow the length of the lake, and to exit via a dam to the Willamette River. With these efforts, the lake very much became navigable. But bear in mind that most of the lake is man made. It is also currently man maintained.

Silt and debris fills the lake. It takes man to remove the silt and to keep the water as clean as possible.

In 1942 the Oregon Iron and Steel Company deeded the lake bed and the rim of the lake to the Lake Oswego Corporation. The Lake Corp is privately funded by the people who have access to the lake via living on it or having deeded easement rights to it. The funds come from annual assessments that are privately paid and do not involve public money, such as property taxes. It is completely funded, privately.

If you buy a house on the lake you have a one-time fee of about $7500 and then annual dues of several hundred dollars. The easements are less expensive with one-time fees of $500-$3500, and then annual dues of several hundred dollars. There are about 4000 households in Lake Oswego with access to the lake.

In the many years that I have lived in Lake Oswego I have watched the water quality deteriorate and then be improved. For decades people dropped grass clippings into the water. Add to that the run off from fertilized lawns, and it created a smelly mess. The Lake Corp stepped in. They established rules to stop the behavior that was creating the problem. They put in several aerators at various locations to infuse the water with air. Several years ago they drained the lake and excavated the silt from the bottom of the lake.

The Lake Corp has a paid staff of eight people. To put anything into the lake, even a paddle board, you have to have the vessel inspected and then pay an annual licensing fee. This helps assure that invasive species don’t contaminate the water. The Lake Corp also has a security boat that patrols the lake during heavy use to assure that only licensed crafts are on the lake and to insure the use of life vests.

All of this is done at no cost to the public.

My question now is this. If the public has access, will the public start paying for the cost of maintaining the lake? Do people in Portland, Beaverton and Oregon City want to be taxed to maintain the water?

Yes, I understand the logic of seeing a body of water and feeling like everyone should be able to use it. But the situation at Oswego Lake is pretty unique. I don’t have the answer here, but it will certainly be interesting to see how it plays out. I also hope that people who use the lake will take every precaution to stay safe. I am aware of at least one incident in which someone chose to swim across the lake and got severely injured by a power boat. Is the public aware that if you are not in a boat you need to stay between to buoys and the shore line? Bottom line, in my opinion, is that if the public is going to use the lake, they need to start paying the cost of the upkeep, and they need to know the rules for safety if they go into the water.

Dianne

Market Activity March 3-9, 2025

Last week in Lake Oswego there were 13 properties that came onto the market. One of those sold quickly and appears in this report as a pending sale. 13 properties accepted offers and are now in pending status. 8 properties closed escrow and are now officially sold.

See below for RMLS data.

New on the Market March 3-9, 2025

AddressTypePriceBedroomsBathsSq Feet
47 Eagle Crest Dr #11Condo$265,00021932
4000 Carman Dr E-68Condo$275,00011836
3433 McNary Pkwy #804Condo$350,00022.51136
16808 Inverurie RdDetached$645,000321182
4664 Firwood RdDetached$775,000321552
11 TouchstoneDetached$875,00043.52750
5687 Ridgetop CtDetached$999,99032.52598
17623 Brookhurst DrDetached$1,595,00043.5+.54486
5236 Lower DrDetached$1,650,00042.53306
6441 Mission CtDetached$1,795,000433201
4440 Upper DrDetached$2,045,00043.53660
850 York RdDetached$4,500,00055.55380

Pending Sales March 6-9, 2025

AddressTypePriceBedroomsBathsSq FeetDOM
4 Touchstone #90Attached$310,00032.5135120
206 Oswego SummitCondo$429,9002215507
14 Greenridge CtAttached$650,00042.518963
107 Kingsgate RdDetached$659,900321516148
578 2nd StCondo$775,00022.51361147
1571 Bay View LnDetached$1,175,00033.52854206
2944 Vale CtDetached$1,375,00042.5365615
725 Oak Meadow CtDetached$1,550,00042.5+.537532
17075 Old River DrDetached$1,749,00033.5329217
649 9th StDetached$2,195,00032.5281243
1032 Westward Ho RdDetached$2,395,00043.5427744
17379 Canal CirDetached$2,775,00054370221
17550 Lake Haven DrDetached$2,775,00043347332

Sold/Closed March 3-9, 2025

AddressTypeList PriceSold PriceSq FeetCDOM
44 Eagle Crest Dr #28Condo$299,999$300,000108510
60 Condolea TerCondo$445,000$391,610278477
18572 Longfellow AveDetached$719,900$600,0001611197
19250 Maree CtDetached$739,000$699,03015199
1176 Troon RdDetached$1,400,000$1,150,000302276
14309 Edenberry DrDetached$1,149,900$1,150,00030114
2033 Ridgewood RdDetached$1,250,000$1,161,0002724186
260 Iron Mountain BlvdDetached$3,998,000$3,700,000604814

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

Lake Oswego Reads 2025

This year is the 19th annual presentation of the Lake Oswego Reads event and the selected book is “How to Read a Book” by Monica Wood. It certainly seems like an appropriate selection! The book centers around a young woman who is released from prison. It’s about forgiveness, second chances, the value of work, and so much more.

The annual book is selected by a steering committee that consists of teachers, students, librarians and volunteers. One member of the steering committee commented:

“This book left me with a glow of love which I would wish the community to share. But the book offered more than feelings—fascinating content about animal intelligence, the prison system, Spoon River Anthology, forgiveness and redemption,“ relates Steering Committee member Cherie Dupuis.

The month of April is choc full of free events to explore the book throughout the community. There are discussion groups, an art show and the culminating event, a presentation by the author. Take the time now to read the book so that you will be ready in April. The library does have multiple copies of both hard copies and eBooks.

For a calendar of events, click here.

For more information about LO Reads 2025, click here.

I’ve been reading the LO Reads selections since the beginning 19 years ago. They have consistently been great selections and several of the authors have become favorites of mine, whose books I turn to each time a new one is published. I feel like reading is a gift that I give to myself. Enjoy!

Dianne

Market Activity Feb 17-23, 2025

Things picked up in Lake Oswego real estate last week. There were 11 new listings and 5 of those sold in 3 days or less. That tells me that there are buyers chomping at the bit for houses to come onto the market. Those 5 houses that sold so fast appear in this report as pending sales. There were 17 properties in total that entered into pending status as 6 closed transactions.

See below for RMLS data.

New on the Market Feb 17-23, 2025

AddressTypePriceBedroomsBathsSq Feet
15 Masaryk StDetached$800,000433864
17185 Warren CtDetached$950,00032.52418
2944 Vale CtDetached$1,375,00042.53656
17075 Old River DrDetached$1,749,00033.53292
1178 Tyndall CtDetached$1,850,00043.53982
17643 Kelok RdDetached$2,475,000432510

Pending Sales Feb 17-23, 2025

AddressTypePriceBedroomsBathsSq FeetDOM
38 Cervantes CircleCondo$289,95021.591249
620 Maple StDetached$435,0002111686
4323 Lakeview BlvdDetached$620,00042148348
19250 Maree CtDetached$739,00032.515199
5051 Tualata LnDetached$799,9003215817
17867 Sundown CtDetached$849,90033.527992
313 3rd StAttached$985,00033.519272
1100 Schukart LnDetached$999,90042.531133
4968 Bilford LnDetached$1,049,95032.523653
15988 White Oaks DrDetached$1,099,00042.527612
16176 Matthew CtDetached$1,299,90042.53474224
3037 Tolkien LnDetached$1,350,00043315913
18336 Westview DrDetached$1,575,0004449213
16900 Gassner LnDetached$1,649,99843.5395318
17901 Tamara AveDetached$1,748,00043325796
52 Leonard StAttached$1,770,00045339033
54 Leonard StAttached$1,770,00045339034

Closed/Sold Feb 17-23, 2025

AddressTypeList PriceSold PriceSq FeetCDOM
205 CervantesCondo$325,000$327,000121612
1760 Oak StDetached$675,000$644,00016805
2855 Brookside RdDetached$1,798,000$1,575,0004046186
18218 Meadowlark LnDetached$2,575,000$2,558,09084749
2164 Goodall CtDetached$4,600,000$4,000,0006899191
3434 :Lakeview BlvdDetached$7,998,000$6,300,0007656604

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.