Market Activity July 3-9, 2023

Even with the July 4th holiday, the real estate activity in Lake Oswego held strong. There were 16 new listings, one of which sold fast and appears in this report as a pending sale. There were 16 properties that accepted offers and moved into pending status, and 12 closed sales.

See below for RMLS data.

New on the Market July 3-9, 2023

AddressTypePriceBedroomsBathsSq Feet
19201 Indian Creek AveDetached$699,90042.51721
5233 Rosewood StDetached$699,90032.51650
4980 Suntree LnDetached$749,00032.52135
17280 Westview DrDetached$789,000332324
2050 Greentree RdDetached$799,900322052
4 Northview CtAttached$799,90043.53080
1941 Green Acres LnDetached$855,00042.52459
4500 Galewood StDetached$875,00042.52373
18100 Bryant RdDetached$1,050,00031.51425
427 9th StDetached$1,450,00053.53250
3300 Southshore BlvdDetached$1,499,00021.5+.51230
21 D #16Condo$3,708,98822.53267
17515 Blue Heron RdDetached$3,895,00055.5+.56951
1120 Crestline CtDetached$4,950,00055.56440
1617 Lake Front RdDetached$5,750,00044.54610

Pending Sales July 3-9, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
4000 Carman Dr #35Condo$330,0002286930
204 CervantesCondo$345,00031.51138124
4152 Harvey WayDetached$635,00032.5186616
65 Greenridge CtCondo$699,0002212983
4855 Centerwood StDetached$825,00032.522105
14318 Camden LnDetached$850,00042.5298057
2661 Lookout CtDetached$995,00042.5321240
641 3rd St #2Condo$1,190,00032.520923
20 Nansen SummitDetached$1,220,00043.5376843
5726 Charles CircleDetached$1,279,00043.5319645
5349 Washington CtDetached$1,400,00043.5390625
1888 Oak Knoll CtDetached$1,495,00043.5302210
64 Berwick RdDetached$1,595,00043.537407
15985 Bonaire AveDetached$1,599,00033291010
655 7th StDetached$1,985,00032.5279623
1186 Crestline CtDetached$4,500,00066.5+.5+.514411211

Sold/Closed July 3-9, 2023

AddressTypeList PriceSold PriceSq FeetCDOM
100 Kerr Pkwy #48Condo$229,000$239,20061756
44 Eagle Crest Dr #37Condo$240,000$243,00090811
55 Galen StCondo$325,000$315,00098924
80 Galen St #80Condo$325,000$325,0009955
4459 Golden LnCondo$464,900$410,500198082
1450 Greentree CircleDetached$750,000$768,00026015
15923 Twin Fir RdDetached$849,900$829,000259715
43 Becket StDetached$1,070,000$970,00036896
13607 Fielding RdDetached$1,081,168$1,081,16833550
321 3rd StAttached$1,195,000$1,200,00019962
319 3rd StAttached$1,250,000$1,212,50019377
735 7th StDetached$2,099,000$2,105,00030738

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.

LO Swim Park is Open!

The Lake Oswego Swim Park is open July 1 through August 31, 7 days a week from 1 to 6 p.m. (weather permitting and number of lifeguards required is met). Located at 250 Ridgeway, the park is open to Lake Oswego residents with proof of residency. The park features certified lifeguards, diving platforms, inner tubes, lounge chairs, picnic tables, various water toys, and a limited number of US Coast Guard-approved life jackets. Children aged 11 and under must be accompanied by someone 16 years or older.

The Swim Park will be open on the 4th of July from 1 to 6 p.m.

For a complete list of rules and other pertinent information, click here.

We are in for a couple of hot days this coming week. Stay cool and stay safe, and, as always, thank you for reading the blotter.

Dianne

Market Activity June 19-25, 2023

Last week in Lake Oswego there were 16 new listings, 4 of which sold quickly and appear in this report as pending. There were 14 pending sales, and 17 sold/closed transactions.

See below for RMLS data.

New on the Market June 19-25, 2023

AddressTypePriceBedroomsBathsSq Feet
4 Touchstone #65Condo$320,00032.51351
36 Condolea DrCondo$474,900221432
18005 Belmore AveDetached$539,90031.51012
18316 Terry AveDetached$599,90031.51250
4152 Harvey WayDetached$635,00032.51866
5059 W Sunset DrAttached$649,00022.51794
4121 Hedge Nettle CtDetached$899,00042.52307
18000 Sarah Hill LnDetached$1,949,99042.53085
611 Ridgeway RdDetached$2,220,00045.54847
15499 Diamond Hill RdDetached$2,685,00043.53417
2260 Summit CtDetached$3,799,00044.53797
12760 Fielding RdDetached$3,850,00022.54142

Pending Sales June 19-25, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
100 Kerr Pkwy 330Condo$154,90011617130
48 Eagle Crest Dr 5FCondo$300,000221370128
159 Oswego SummitCondo$395,00022150655
5237 Dawn StDetached$674,90031.516545
1450 Greentree CirDetached$750,0005326015
526 2nd St #20Condo$789,00022.515765
17850 Pilkington RdDetached$799,90032.53084222
1474 Greentree CirDetached$939,0003218423
5525 Bay Creek DrDetached$1,100,00042.533772
573 2nd StCondo$1,250,00022.516593
5015 Denton DrDetached$1,299,50042.531312
17900 Green Bluff DrDetached$1,699,00043.5421019
1611 Leslie LnDetached$3,950,00055.5+.5697947
1661 Phantom Bluff CtDetached$4,785,00055.553711

Sold/Closed June 19-25, 2023

AddressTypeList PriceSold PriceSq FeetCDOM
4425 Thunder Vista LnCondo$450,000$450,00019491
5852 Lakeview BlvdDetached$520,000$505,00011119
17910 Belmore AveDetached$499,000$507,00016247
14345 Holly Springs RdCondo$685,000$697,000194016
79 Greenridge CtAttached$675,000$710,00016425
18400 Indian Creek DrDetached$675,000$710,000173678
20 Partridge LnDetached$850,000$825,000344832
7 Becket StDetached$999,000$890,000417699
2280 Southshore BlvdDetached$949,000$900,000217612
1290 Rockinghorse LnDetached$875,000$985,00018765
16960 Stafford RdDetached$1,100,000$1,000,000284520
3220 Upper DrDetached$875,000$1,000,00030535
17382 Brookhurst DrDetached$1,285,000$1,285,000372515
17258 Kelok RdDetached$1,585,000$1,438,000374215
3520 Upper DrDetached$1,900,000$1,600,000154010
13460 Fielding RdDetached$1,725,000$1,875,000393217
13751 Cameo CtDetached$3,995,000$3,525,000426224

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.

Looking forward to the 4th

There is just so much to see and to do in LO during the 4th of July.

Kick the day off with the annual Lion’s Club Pancake Breakfast. Held at George Rogers Park, it’s all you can eat with pancakes, sausage, coffee, orange juice and milk. $10 for adults, $7 for kids under the age of 12. The breakfast runs from 8:00am to 11:00am.

Small round charcoal grill ready for grilling at the summer picnic.

If you time it right, you can have breakfast and then head to the Star-Spangled Parade. The parade starts at Lake Garden Court then travels to Chandler and 10th Street and onto A Avenue. It proceeds to 2nd Street and finishes at Millennium Plaza Park. Featuring floats, Fife and Drum Band, Boy Scouts, Girl Scouts, classic cars and costumed canines. The celebration continues at Millennium Plaza Park with live music, face painting, balloon animals, a pie eating contest and more. Local food crafters will be selling great food.

Cap the day off with a fireworks show. At Foothills Park, starting at 8:00pm with live music from Satin Love Orchestra, a high energy and disco dance band and a laser lights show. The event goes until 10:30pm.

The big event is the annual fire works show. It is set off on the West end of the lake but visible from many locations. I recommend you find your seat early for the best viewing. In my experience the fireworks start about 10:00pm and runs for about half an hour.

Plan ahead and make the best of this patriotic celebration of our country.

Dianne

Market Activity June 5-11, 2023

Lots of real estate was happening in Lake Oswego last week. 22 properties came onto the market. Of those, 4 sold quickly and appear here a pending sales. There were 23 properties that went pending and 10 sold/closed homes.

See below for RMLS data.

New Listings June 5-11, 2023

AddressTypePriceBedroomsBathsSq Feet
4000 Carman Dr #35Condo$340,00022869
5225 Jean Rd 3309Condo$395,000221100
5052 Foothills Rd DCondo$438,000321252
1127 Cedar StDetached$625,000211848
1001 Leonard St 2-4Condo$749,000221736
17347 Ashley CtAttached$825,00042.52117
16 Walking Woods DrDetached$828,00032.52897
218 Hidalgo StDetached$879,00042.53756
2979 Dellwood DrDetached$939,000433216
5904 Bay Point DrDetached$1,150,00042.53433
5349 Washington CtDetached$1,400,00043.53906
18653 Pilkington RdDetached$1,750,00043.53260
18284 Meadowlark LnDetached$1,999,00055.55425
1501 Country Club RdDetached$2,200,000544691
975 Englewood DrDetached$3,995,00044.5+.55980
18 Northshore CirDetached$4,995,00033.53501
15530 Diamond Head RdDetached$7,200,000566398
956 Westpoint RdDetached$8,950,00044.5+.5+.55235

Pending Sales June 5-11, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
45 Eagle Crest Dr 3400Condo$289,95032134839
80 Galen StCondo$325,000229955
248 Ridgeway RdCondo$395,0001175311
3952 Carman DrCondo$400,00022.5114620
4366 Woodside CirAttached$589,00032.519622
1458 Boca Ratan DrAttached$594,90032161122
260 CervantesAttached$599,00032.525516
79 Greenridge CtAttached$675,0002216425
4 Cellini CtDetached$775,0004327094
4959 Bilford LnDetached$995,00032.524563
449 C AveDetached$999,00032226110
43 Becket StDetached$1,070,00043.536896
592 Weidman CtDetached$1,080,00032.5303538
302 Furnace StDetached$1,195,00032.5194510
2415 Park RdDetached$1,219,00042.527475
17237 Lowenberg TerDetached$1,325,00032.531503
18480 Delenka LnDetached$1,460,00054.5482918
14611 Uplands DrDetached$1,499,00044311842
814 Lake Shore RdDetached$1,595,00032.5+.5238551
735 7th StDetached$2,099,00033.530738
7 Dover WayDetached$2,595,00055.578039
890 Lake Shore RdDetached$3,199,00033.53555$3,199
584 Ridgeway RdDetached$5,250,00043.5+.5494417

Sold/Closed June 5-11, 2023

AddressTypeList PriceSold PriceSq FeetCDOM
86 Kingsgate Rd B104Condo$299,900$300,0009386
5225 Jean Rd #501Condo$455,000$440,250150012
3575 Upper DrDetached$595,000$570,00013760
4967 Galen StDetached$725,000$725,000222337
14141 Goodall RdDetached$999,900$865,0001988282
17321 Canyon DrDetached$1,000,000$955,00048250
5434 Rosalia WayDetached$985,000$963,000267720
2944 Vale CtDetached$1,400,000$1,400,00033922
17649 Woodhurst PlDetached$1,550,000$1,499,000566965
1425 Chandler RdDetached$3,790,000$3,548,7505692236

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

LO Festival of the Arts, June 23, 24, and 25

This annual event is a real highlight of the year. Held the first weekend in June after Father’s Day, this year is the 60th anniversary of the first festival which was held in 1963. It has a bit something for everyone.

Inside the juried event

The purpose of the festival is art education and a celebration of culture and community through art. There are 3 main events.

First is the juried competition. Artists from our community, but also artists from other parts of Oregon and even other states participate. It’s an eclectic mix of classic, modern, and whimsical. A panel of judges awards ribbons and honorable mentions. Most pieces are also offered for sale. This part of the festival is held at the Lakewood Center.

Then there is the arts and crafts fair. Booths are set up by artists who are selling their creations. You’ll find pottery, jewelry, clothing, yard art, gifts, lots and lots of fun stuff. I have purchased several pieces of yard art that I just treasure. This part of the festival is held across the street from the Lakewood Center in George Roger’s Park.

Then there is the music and entertainment. From Latin Funk, to Jazz, to Rock n Roll, the entertainment is great. There are also art demonstrations, art events for kids, and plenty of opportunities to grab a beverage and a bite to eat. These activities happen in George Roger’s Park. For a full schedule, click here.

Festival hours are Friday and Saturday, 8am to 9pm. Sunday from 8am to 5pm. Other than what you might purchase, the event is free. You are encouraged to use the free shuttle buses to attend. There is simply not enough local parking to accommodate the expected attendance. Shuttle stops are at Lake Oswego High School, Lake Oswego Junior High School, Lakeride High School, and from downtown LO.

I look forward to the Festival of the Arts every year. Hope to see you there!

Dianne

Market Activity May 22-28, 2023

Last week in Lake Oswego was highly favorable for folks who are selling their homes. 26 properties accepted offers. There were 12 new listings. Three of those accepted offers quickly and are represented in this report as pending sales. There were also 12 closed/sold properties. With pending sales at more than twice the number of new listings, that is a strong sign that the market remains excellent for selling. It also shows that buyers want to purchase and are not dissuaded by today’s interest rates.

See below for RMLS data.

New Listings May 22-28, 2023

AddressTypePriceBedroomsBathsSq Feet
4 Touchstone #107Condo$289,99932.51351
4901 Childs RdDetached$525,000211440
18936 Longfellow AveDetached$689,90031.51232
2661 Lookout CtDetached$1,095,00042.53212
1931 Park Forest CtDetached$1,598,00064.54107
13460 Fielding RdDetached$1,725,00034.53932
3521 Upper DrDetached$1,900,000321540
1192 Andrews RdDetached$3,485,00053.54604
584 Ridgeway RdDetached$5,250,00043.5+.54944

Pending Sales May 22-28, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
100 Kerr Pkwy 348Condo$229,0001161720
44 Eagle Crest #37Condo$240,0002190811
400 Carman Dr 360Condo$309,9002286654
5 Galen StCondo$315,0002298924
4 Touchstone #119Condo$318,90032.5135181
16250 Pacific Hwy #55Condo$349,50022130557
4425 Thunder Vista LnCondo$450,00022.519491
5225 Jean Rd 3501Condo$455,00032150012
17910 Belmore AveDetached$499,00031.516247
5852 Lakeview BlvdDetached$510,0002111119
103 Kingsgate RdDetached$600,00032.5135219
18839 Kristi WayDetached$649,50031.5134411
6062 Burma RdDetached$650,00052187594
16240 Parker RdDetached$679,00032145494
5829 Benfield CtDetached$719,90042.5174413
20 Partridge LnDetached$825,00053344832
15923 Twin Fir RdDetached$849,90042.525977
2280 Southshore BlvdDetached$949,00032217611
17577 Blue Heron CtDetached$989,0005329805
19863 Sycamore AveDetached$995,00043296194
13354 Twin Creek LnDetached$1,125,000422.531344
321 3rd StAttached$1,195,00033.519962
2552 Palisades Crest DrDetached$1,300,00042.532638
16321 White Oaks DrDetached$1,349,00043.529504
17269 Bryant RdDetached$1,399,99053.5364110
804 2nd StDetached$1,750,00052.5296120

Sold/Closed May 22-28, 2023

AddressTypeList PriceSold PriceSq FeetCDOM
3652 Spring Ln 4FCondo$400,000$400,000111719
18314 Fernbrook CtDetached$550,000$510,00010366
10 Greenridge CtAttached$520,000$524,000206311
16880 Tracy AveDetached$539,900$532,500108097
4959 Dogwood DrDetached$749,900$740,00021203
17220 Rebecca LnDetached$775,000$775,00020045
51 TouchstoneDetached$875,000$875,00031056
5539 Bay Creek DrDetached$995,000$1,015,00029222
2803 Southshore BlvdDetached$1,495,000$1,500,000374712
16429 Bonaire AveDetached$1,750,000$1,850,00030365
2950 Upper DrDetached$1,899,000$1,875,00033965
17367 Lake Haven DrDetached$2,249,900$2,250,00042252

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.

The Urban Growth Boundary

A big part of understanding real estate in Oregon is knowing about the Urban Growth Boundary.

It was put into place in 1973 under the leadership of Republican Governor Tom McCall. What the boundary does is make development choices intentional and public rather than piecemeal.

Every single town in the State of Oregon has a line drawn around it. Within the boundaries of that line urban and suburban development is allowed. Outside of the boundary is reserved for agriculture and forests. Lake Oswego is right on the edge of the UBB. From LO you can drive to the countryside in just minutes. In the countryside you’ll find wineries, farmstands, Christmas tree farms, and the beautiful rolling hills that lead to the Mountains and the Willamette Valley.

It’s controversial because it is forcing density within the boundary. The boundary has been expanded, but it’s a tedious process that requires lots of legal wrangling. The planning departments in towns have to project for population growth and then plan today to accommodate the growth in the future. This means that even if builders want to build on larger lots, they simply can’t get those large lots approved. They are forced to build on smaller lots to accommodate future population projections.

It also means that land within the boundary is super valuable. If houses become run down, they get torn down. In those cases the land is more valuable then the house and the land gets re-built. I think it has helped the Tri-County Metro area to not have slums. Yes, there are parts of town with lower economic demographics, but there are not slums.

The density within our UGB is going to increase now that multi-family units are allowed in residential neighborhoods. That’s a whole other blog post.

For a map of the Portland area UGB, click here.

As always, thank you for reading the blotter.

Dianne

Market Activity May 8-14, 2023

Last week in Lake Oswego there were 11 new listings, 3 of which sold quickly and are represented here as pending sales. There were 20 properties that went under contract and moved into pending status, and there were 9 sold/closed transactions.

See below for RMLS data.

New on the Market May 8-14, 2023

AddressTypePriceBedroomsBathsSq Feet
44 Eagle Crest Dr #37Condo$240,00021908
5225 Jean Rd #501Condo$455,000321500
18839 Kristi WayDetached$649,50031.51344
5829 Benfield CtDetached$749,90042.51744
15911 Fir Grove CtDetached$959,77642.52584
16164 Parker RdDetached$1,300,00032.52315
15575 Village DrDetached$2,595,00042.53163
3190 Douglas CircleDetached$2,998,00043.5+.55007

Pending Sales May 8-14, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
86 Kingsgate Rd B104Condo$299,900229386
55 Galen StCondo$315,0002298915
16250 Pacific Hwy #75Condo$388,000321593109
3652 Spring Ln 4FCondo$400,00022111719
5650 Lakeview BlvdDetached$549,00032271545
3575 Upper DrDetached$595,0002213760
16309 Overlook DrDetached$645,0004325674
200 Burnham Rd #311Condo$678,80032186222
644 Ellis AveDetached$875,00042233547
17143 Rebecca LnDetached$890,00032.5194313
1421 Cherry Crest DrDetached$925,0004327855
1448 Greentree CircleDetached$945,00042.5264943
191 3rd St #6Condo$950,00022152333
5434 Rosalia WayDetached$985,00042.5267720
16960 Stafford RdDetached$1,000,00043.5284520
17649 Woodhurst PlDetached$1,550,00054.556694
1965 Egan WayDetached$1,850,00053.538993
13337 Leslie CtDetached$2,595,00043.5419715
13751 Cameo CtDetached$3,995,00054.5+.5426224
16309 Lake Forest BlvdDetached$599,9003215834

Sold/Closed May 8-14, 2023

AddressTypeList PriceSold PriceSq FeetCDOM
15446 Stephanie CtAttached$480,000$480,00015820
1966 Wembley PlDetached$649,900$721,10021034
5865 Southwood DrDetached$950,000$1,010,00030352
13254 Twin Creek CtDetached$1,188,000$1,050,00034704
515 Laurel StDetached$1,725,000$1,563,0003382199
1658 Village Park LnDetached$1,750,000$1,775,00046343
929 Cumberland RdDetached$2,800,000$2,580,0005095250
13777 Cameo CtDetached$3,395,000$2,995,0006984240
17147 Old River DrDetached$2,995,000$2,995,00069006

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.

Summer at the Library

The Lake Oswego Library has some really fun activities planned for the summer season.

Let’s start with The Seed Library. That’s right, a seed library. Housed is a repurposed card catalogue at the Fiction desk, there is literally a huge selection of seeds for you to take home and grown in your garden. The seeds are for plants that do well in our area. The seeds do not have to be returned, but your are encouraged to harvest seeds from what you grow and donate them back to the library for someone else’s enjoyment.

The Summer Library Challenge is for children, teens and adults. Kids will receive a free book just for signing up. Then, all summer long, they will have chances to win prizes as they read books. Adults can set their own challenge, share their progress through the summer, and get chance to win a Powell’s gift card and a two-night stay at the Sylvia Beach Hotel in Newport, Oregon.

The Children’s Library is offering Take-Away Crafts each week from June 19th to August 11th. Simply drop by the library, pick up your craft, and take it home with you for a fun summer diversion.

Then there is Programs in the Park. Every Wednesday, June 21st to August 9th, from 2-3pm, at Rossman Park (555 4th St) drop in for crafts, nature workshops, art activities, special guests, and more. Then, enjoy the end of summer party on August 16th.

You can sign up for the summer challenge by clicking here.

The Lake Oswego Library is about so much more than books! It’s truly a treasure in our community.

Dianne