I am thrilled to introduce you to my new listing at 4704 Cambridge Ct in the West Lake neighborhood of Lake Oswego.
With the primary bedroom on the main level, it is a wonderful floorplan with a huge kitchen that is open to the family room. The Southern side consists of walls of windows that allow you to enjoy expansive Southern views of the greenspace behind and also across the West Lake neighborhood.
There are 3 large bedrooms plus a bonus room. In addition to the great room, there is a formal living room and formal dining. The primary suite has a fireplace and a huge bathroom with double sinks, a jetted tub, and a custom walk-in shower. There is also a huge walk-in closet.
As part of the Devonshire Home Owner’s Association, the exterior maintenance and landscaping is maintained by the HOA for easy-care living.
Priced at $985,000, it is an opportunity to own a newer home in Lake Oswego with a primary bedroom on the main.
I will be holding it open this Saturday and Sunday from noon to 3pm. Please park on Peter’s Rd.
Years ago, I realized that the number 20 is very powerful in real estate. It applies both when buying and when selling.
When Buying
I think most people do the bulk of their house hunting online. The Internet is an amazing tool. However, it is also super important to physically visit houses. I think you need to go into them to get a feeling for value. What does $500,000 look like? By the time that you have gone through 20 houses you will have a strong sense of value. You’ll know what feels like a good deal and what feels like it is overpriced.
This does not mean that you absolutely have to see exactly 20 houses. No. In fact, the first house that my husband and I bought was the first house that we looked at. We walked in, fell in love, and made an offer.
20 is simply a good guide and a way to set some expectations for the experience of house hunting.
When Selling
When selling, you need about 20 showings to get an offer. Again, it can happen faster than that, but 20 is a good barometer.
So, if you put your house on the market and you get 20 showings in the first few days, you are going to get an offer quickly.
If the reverse happens and you get 2 showings the first week, and then 2 the next, this means you’re going to be on the market for about 10 weeks to get an offer. If you need an offer more quickly, then you need to drop the price or fix what people are objecting to.
If you get 20 showings and no offer happens, again, you need to drop the price or fix what people are objecting to.
I hope you find this concept useful. As always, thanks for reading the blotter.
Last week in Lake Oswego there were 14 new listings, 4 of which sold quickly and are represented in this report as pending sales. There were 24 properties that moved to pending status and 14 sold/closed homes.
See below for RMLS details.
New on the Market Sept 12-18, 2022
Address
Type
Price
Bedrooms
Baths
Square Feet
900 Cornell St
Detached
$495,000
3
1.5
1300
103 Kingsgate Rd
Detached
$625,000
3
2.5
1352
27 Partridge Ln
Detached
$699,000
3
2
2317
918 Lake Front Rd
Detached
$700,000
2
1
921
4793 Auburn Ln
Attached
$750,000
3
2.5
2083
17944 Tualata Ave
Detached
$995,000
4
3
2325
19125 Olson Ave
Detached
$1,125,000
4
2.5
3828
1 Juarez St
Detached
$1,245,000
3
2.5
3388
17228 Blue Heron Rd
Detached
$1,829,000
4
2.5+.5
4236
13800 Goodall Rd Lot 1
Detached
$4,350,000
5
6.1
5642
13770 Goodall Rd Lot 2
Detached
$4,395,000
5
4.1
5933
Pending Sept 12-18, 2022
Address
Type
Price
Bedrooms
Baths
Square Feet
DOM
4 Touchstone #95
Condo
$219,900
2
2
984
8
4 Touchstone #77
Condo
$240,000
3
2.5
1351
51
4463 Thunder Vista Ln
Condo
$438,000
2
2.5
1741
2
113 Touchstone Terr
Attached
$510,000
3
2.5
2104
3
1272 Hide A Way Ct
Detached
$549,000
4
2
1816
3
15450 Stephanie Ct
Attached
$565,000
3
2.5
1662
66
5850 Kenny St
Detached
$589,000
2
2
1172
6
66 Weatherstone #35
Condo
$599,900
4
3.5
2465
20
8 Mountain Circle
Attached
$629,000
3
2
1316
5
1130 Hallinan Ct
Detached
$650,000
3
2
1463
4
18040 Belmore Ave
Detached
$674,900
3
2
2077
37
32 Independence Ave
Detached
$740,000
4
3.1
3420
5
18 Partridge Ln
Detached
$780,000
4
3
3145
17
2050 Southshore Blvd
Detached
$780,000
3
2.5
1629
10
67 Tanglewood Dr
Detached
$799,900
4
2.5
3149
56
490 Boca Ratan Dr
Detached
$824,900
3
2
2108
63
18591 Waxwing Way
Detached
$875,000
3
2.5
2145
32
2050 Wembley Park Rd
Detached
$1,099,500
4
2
1868
5
19125 Olson Ave
Detached
$1,125,000
4
2
3828
3
2777 Glen Haven Rd
Detached
$1,159,000
3
2.5
2560
102
13504 Streamside Dr
Detached
$1,279,000
4
2.5
3486
31
1625 Cloverleaf Rd
Detached
$2,375,000
4
4
3853
31
864 6th St
Detached
$2,998,000
5
4.5
5266
124
16561 Maple Circle
Detached
$3,800,000
4
3.5
3356
30
Sold/Closed Sept. 12-18, 2022
Address
Type
List Price
Sold Price
Square Feet
DOM
45 Oswego Summit
Condo
$240,000
$245,000
764
4
168 Oswego Summit
Condo
$330,000
$315,000
1383
29
4300 Botticelli St
Attached
$399,900
$374,900
1721
42
200 Burnham Rd #103
Condo
$419,500
$419,000
765
16
4 Weatherstone
Detached
$535,000
$480,000
1692
41
4266 Woodside Circle
Detached
$549,900
$502,000
1944
8
18690 Wood Duck Way
Detached
$775,000
$775,000
1895
0
5272 Tree St
Detached
$799,900
$810,000
1948
4
5557 Langford Ln
Detached
$839,000
$844,500
1539
15
1202 Spruce St
Detached
$850,000
$850,000
1706
3
63 Touchstone
Detached
$925,000
$885,000
3088
21
1571 HIghland Dr
Detached
$989,000
$980,000
3000
3
2600 Dellwood Dr
Detached
$1,600,000
$1,525,000
3690
314
17226 Chapin jWay
Detached
$2,600,000
$2,750,000
4930
1
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.
When buying a house, it is just super important to have a really great home inspection. It’s a big deal to buy a house; probably the biggest investment of your life. You want to get it right.
So who should you hire? How do you know you are hiring a professional who will do the most thorough inspection possible.?
I have come to believe that the expensive inspectors ($700+) are worth every extra dollar. First of all, to successfully stay in business at the higher cost level, they have to do a good job. But even more than that, when you hire an expensive inspector, what you are paying for is time.
A less expensive inspector ($350 or so) has to do 2 inspections to make as much money as the person who is charging $700. In other words, they have a schedule to keep. They have to watch their time to be certain that they can conclude the current inspection, get a bit to eat and find a restroom, drive to the next appointment and arrive on time.
The inspector who is charging more, in my experience, only does one inspection a day. At least this is the case with inspectors that I recommend. If they need time to explore the house more and to figure things out, they have the time.
Along with a thorough inspection, a good inspector will also take the time to teach the home buyer some basics about the house. Things like how to change the furnace filter and how often to clean the gutters.
Along with a general inspection, you should plan to have a sewer scope done and to do radon testing. If it’s an older home, you need to find out if there is an in-ground oil tank. The whole process will cost about $1000. As I said, every dollar is worth it.
Both Linda and I recommend excellent inspectors. Feel free to reach out if you would like more information.
The market feels stable to me right now. Numbers are very similar to what they were when I last posted a market activity report two weeks ago. Last week in Lake Oswego we had 10 new listings, one of which sold quickly and appears in this report as a pending sale. We also had 15 properties move to pending status and 18 that closed with finalized sales.
See below for RMLS data.
New Listings Aug 29-Sept 4, 2022
Address
Type
Price
BR
Bath
Sq Feet
1475 Cornell St
Detached
$799,000
3
2
1599
15443 Meadowlark Ct
Detached
$824,900
3
2
1895
38 Morningview Circle
Detached
$825,000
4
3
2408
5140 Lower Drive
Detached
$929,995
3
2
1706
1466 Nelson Ct
Detached
$1,195,000
4
3.5
3169
16873 Canyon Dr
Detached
$1,980,000
4
4
3632
55 Eagle Crest Dr
Detached
$2,295,000
5
4.5+.5
5629
2485 Greentree Rd
Detached
$2,325,000
4
4
3853
3220 Southshore Blvd
Detached
$2,790,000
3
3
3462
Pending Sales Aug 29-Sept 4, 2022
Address
Type
Price
BR
Baths
Sq Ft
CDOM
360 Cervantes Circle
Condo
$240,000
2
1
832
7
4266 Woodside Circle
Attached
$519,999
4
2
1944
8
136 Touchstone Ter
Detached
$630,000
3
2.5
1966
4
939 Devon Ln
Detached
$730,000
3
2
2249
80
2190 Fernwood Circle
Detached
$735,000
5
3
2507
15
1202 Spruce St
Detached
$850,000
2
2.5
1706
3
17377 Margorie Ave
Detached
$914,800
4
3
2651
20
17291 Cedar Rd
Detached
$1,149,999
5
4.5
2872
9
17244 Fernwood Dr
Detached
$1,150,000
4
2.5
2617
23
4360 West Bay Rd
Detached
$1,185,000
4
3
2636
3
5786 Washington Ct
Detached
$1,199,000
4
3
3186
6
165 Furnace St
Condo
$1,299,999
2
2.5
2023
39
2211 Fernwood Circle
Detached
$1,595,000
5
3
3431
17
13615 Westlake Dr
Detached
$1,599,000
4
4.5
4396
67
2420 Palisades Crest Dr
Detached
$1,599,900
4
2.5
3583
5
Closed/Sold Aug 29-Sept 4, 2022
Address
Type
List Price
Sold Price
Sq Feet
DOM
40 Crestfield Ct
Condo
$200,000
$225,000
690
2
45 Eagle Crest Dr #415
Condo
$240,000
$239,000
1056
45
4061 Jefferson Pkwy
Condo
$425,000
$352,000
1462
152
3822 Botticelli St
Condo
$344,900
$371,000
1171
5
5055 Foothills Dr G
Condo
$429,900
$429,900
1,252
10
3930 Carman Dr
Condo
$439,000
$439,000
1146
29
4363 Woodside Circle
Attached
$581,950
$581,950
1532
63
439 Livingood Ln
Detached
$814,000
$815,000
2540
6
2 Yorkick
Detached
$975,000
$895,500
2979
3
4618 Auburn Ln
Attached
$895,000
$898,500
2732
3
12843 Sierra Vista Dr
Detached
$998,900
$1,060,000
2810
2
346 Lake Bay Ct
Detached
$1,075,000
$1,100,000
1900
3
4996 Cascara Ln
Detached
$1,245,000
$1,155,000
3106
25
754 5th St
Detached
$1,298,000
$1,175,000
2179
7
1131 Northshore Rd
Detached
$2,100,000
$2,100,000
3850
2
732 2nd St
Detached
$2,399,000
$2,150,000
3547
32
489 8th St
Detached
$2,100,000
$2,150,000
3648
5
17527 Kelok Rd
Detached
$2,150,000
$2,285,000
4664
10
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.
Last week remained strong but with slightly fewer new listings and sales. This is pretty typical for the winding down of summer and vacation time. After school starts I think it will pick up again.
In Lake Oswego there were 16 new listings, 5 of which sold quickly and are listed here with pending status, 14 properties that went pending, and 18 closed sales.
See below for RMLS data.
New Listings August 15-21, 2022
Address
Type
Price
BR
Bath
Sq Feet
200 Burnham Rd #103
Condo
$425,900
1
1
765
1755 Mapleleaf Rd
Detached
$789,000
3
2.5
2123
1265 Rockinghorse Ln
Detached
$875,000
4
3
2452
17291 Cedar Rd
Detached
$1,199,999
5
4.5
2872
2211 Fernwood Cir
Detached
$1,595,000
5
3
3431
13659 Westlake Dr
Detached
$1,625,000
4
3.5
4422
15784 Twin Fir Rd
Detached
$2,200,000
3
2.5
3471
14381 Fosberg Rd
Detached
$2,400,000
4
3.5
5028
1625 Cloverleaf Rd
Detached
$2,495,000
4
3.5
3853
16511 Maple Cir
Detached
$3,800,000
4
3.5
3356
3142 Lakeview Blvd
Detached
$8,000,000
4
5
5554
Pending Sales August 15-21, 2022
Address
Type
Price
BR
Baths
Sq Ft
CDOM
4 Touchstone #95
Condo
$219,900
2
2
984
5
45 Oswego Summit
Condo
$240,000
1
1
764
4
168 Oswego Summit
Condo
$315,000
2
2
1383
29
12822 Boones Ferry Rd
Condo
$465,000
2
2.5
1136
70
4 Wheatherstone
Condo
$509,950
3
2.5
1692
41
1000 Bickner St
Detached
$635,000
3
2.5
1988
3
5297 Centerwood St
Detached
$655,000
3
2
1746
3
2190 Fernwood Cir
Detached
$735,000
5
3
2507
3
5557 Langford Ln
Detached
$839,000
2
2
1539
15
5490 Royal Oaks Dr
Detached
$967,500
3
2
1768
7
1571 Highlands Dr
Detached
$989,000
5
3
3000
3
12886 Sierra Ct
Detached
$1,085,000
4
3
3188
2
33 Westridge Dr
Detached
$1,150,000
5
3.5
3864
0
5677 Charles Cir
Detached
$1,225,000
4
2.5
2962
7
Sold Properties August 15-21, 2022
Address
Type
List Price
Sold Price
Sq Feet
DOM
4000 Carman Dr D51
Condo
$314,900
$314,900
885
7
86 Kingsgate Rd H104
Condo
$355,000
$315,000
840
37
5970 Kennycroft Way
Detached
$650,000
$592,000
1212
81
16875 Fernwood Dr
Detached
$780,000
$750,000
2460
28
1435 Ash St
Detached
$799,900
$800,000
2,532
18
2062 Cedar Ct
Detached
$785,000
$820,000
1800
1
7 Da Vinci St
Detached
$850,000
$830,000
2631
17
23 Da Vinci St
Detached
$839,000
$850,000
2063
3
19395 35th Ct
Detached
$849,900
$875,000
2385
3
19330 River Run Dr
Detached
$995,000
$985,000
3955
57
14 Churchill Downs
Detached
$989,000
$989,000
2062
5
327 3rd St
Attached
$999,000
$1,011,000
2123
4
4121 Wolf Berry Ct
Detached
$975,000
$1,050,000
2654
4
17865 Sarah Hill Ln
Detached
$1,099,950
$1,110,000
2871
72
13330 Hidden Bay Ct
Detached
$1,149,000
$1,225,000
3057
1
100 Leonard St 4-2
Condo
$1,395,000
$1,345,950
3137
68
767 10th St
Detached
$2,100,000
$1,950,000
3900
303
5001 Park Bluff Pl
Detached
$2,200,000
$2,200,000
4022
32
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.
“Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of civilization.” These are the lofty words that open the Preamble of the Realtor Code of Ethics.
I have written about this topic before, but it was many years ago. It’s something I hold very dear and thought it would be a good time to revisit the information.
In 1908, when the National Association of Realtors was founded, real estate was very much the wild, wild West. Unregulated and without licensing requirements, there was a good deal of fraud and a ripe environment for con artists and Naredo wells. Edward Halsey, a chairperson in the NAR in 1908 said “We propose, if we can, to wipe out the riffraff that brings this business into disrepute.”
The Code of Ethics was first written in 1913. It is a living document that is changed and revised as times change. Along with the Preamble, it consists of 4 sections that also include Duties to Clients and Customers, Duties to the Public, and Duties to other Realtors. If I could sum it up simply, it requires that all Realtors be fair and honest in our dealings with all parties to a transaction.
I am really proud of the Code of Ethics. It truly does set a higher standard for my industry. All Realtors are required to take Code of Ethics training every two years. It is at the forefront of how I run by business and how I expect other Realtors to interact with myself and my clients.
Please know that when you are working with a Realtor, you are working with a professional bound to a higher standard.
As a Realtor, one of the most educational moments I ever experienced was when I sold my own home and moved with my family to Lake Oswego. We’d had our kids and lived in our prior home for 13 years. I was pretty clueless about how much more complicated our household and possessions had become. I put off packing until about a week before our move. It was a disaster! I was so pressed to get it done on time that I was literally just throwing stuff in boxes! Live and learn, right?
Cardboard boxes and potted plants in empty room. Moving objects are on hardwood floor of new apartment.
Here are some moving and packing tips that I hope you’ll find helpful:
Moving
Start Early. See my comment above. Weeks, if not months, before your move start planning. It will be so much stressful. It will also help prepare your house for marketing.
Get rid of stuff. As we live in our homes, we accumulate stuff. So much of it is neither wanted nor needed. Do you really want to take it with you? Do you want to spend money moving and packing this “stuff”? Get rid of it.
Create a folder. This folder should contain addresses, moving or rental contracts, insurance information, perhaps an itemized list of what you are moving, anything you anticipate in the way of paperwork. Consider creating a hard-copy file. This will be vital if you loose battery charge on laptops or phones
Book early. This helps in two ways: getting the best rates and being assured of availability. Especially in the spring and summer, the moving companies book at least several weeks in advance.
Plan for utilities. This includes both shut off at your old place and start up in your new place. You do not want to be moving into the new house and not have electricity.
Keep essentials with you. A day or two prior to moving pack your luggage: change of clothes, toiletries, etc. Just like when packing for a vacation. In addition, I recommend packing a box of cooking basics like a few plates, cups, bowls, utensils, These would be for an unexpected delay in the delivery of your household goods. Remember to plan for pets and medications.
Packing
Invest in equipment. You’ll need boxes, packing tape, markers, paper towels, garbage bags. If you are moving yourself you’ll need a furniture dolly, furniture pads, tie-down strips and a truck loading ramp
Use the right size boxes. The basic idea is the boxes need to be a weight that can be lifted without straining yourself. Heavy stuff in small boxes (books, etc.), light stuff in big boxes (linens, etc.).
Heavy stuff on the bottom of the box. This will keep the heavy stuff from crushing the light stuff. It will also balance the weight of the box as boxes are stacked.
Don’t leave empty space in the boxes. This will maximize the use of the packing materials, but empty spaces can allow the box to be crushed in transport.
Avoid mixing items from different rooms. When unpacking it will take twice as long if you are running from room to room.
Label each box with what room it is for and a list of the contents
Tape the boxes well. You want a couple of strips across the seams at the bottom and the top, but then do two wraps completely around the box in two places around the top to the bottom and back up to the top again: all the way around.
Take care of your art. You can purchase special boxes and crates for art. Don’t wrap oil paintings in packing paper; it may stick to the paint. Wrap art in bubble wrap. You can also wrap it in bubble wrap, box it, and then place in a second box padded by packing paper.
Kitchen dishes. You can purchase special boxes and packaging for dishes and glasses. They make it all so much easier! If you do end up wrapping with boxes and backing paper try wrapping each piece and then bundling in groups of 4 to 5 pieces and wrapping those together as a bundle with packing paper. Consider packing plates on their sides rather than stacking. Get the boxes with cardboard dividers for glasses. The world of packing materials is pretty broad. Yes, it costs money, but think about the cost of replacing these items. Not to mention, as it is for me, the sadness it would bring to loose special pieces.
I want to give credit to realsimple.com where I got a good bit of guidance for this article.
The numbers between new listings, pending sales, and sold properties remains fairly balanced, although slightly slower than the last time I did this report. In Lake Oswego last week we had 23 new listings, 5 of which sold quickly and are represented in this report as pending, 18 pending sales, and 13 closed listings.
For most of my real estate career market time has been 45-60 days. Pending sales last week averaged 25 days. That is healthy. Perhaps we are returning to historic normal?
See below for RMLS details
New Listings Aug 1-7, 2022
Address
Type
Price
BR
Bath
Sq Feet
122 Oswego Summit
Condo
$235,000
1
1
764
200 Burnham Rd #405
Condo
$380,000
2
2
1328
16074 Lake Forest Blvd
Detached
$599,950
3
2
1354
19211 Indian Springs Rd
Detached
$825,000
4
2
2132
17615 Bryant Rd
Detached
$825,000
4
2
2110
5557 Langford Ln
Detached
$889,000
2
2
1539
17095 Rebecca Ln
Detached
$925,000
3
3
2379
4264 Harvey Way
Detached
$925,000
4
3
2728
327 3rd St
Attached
$999,000
3
3.5
2123
63 Garibaldi St
Detached
$1,450,000
3
3.5
4200
542 4th St
Attached
$1,549,000
4
4.5+.5
3376
1991 Ridgewood Rd
Detached
$1,550,000
4
2.5+.5
4993
17527 Kelok Rd
Detached
$2,150,000
3
3
4664
4956 Park Bluff Pl
Detached
$2,395,000
4
3.5
4074
4938 Park Bluff Pl
Detached
$2,495,000
4
4.5
4046
929 Cumberland Rd
Detached
$2,800,000
5
6.5
5095
13068 Knaus Rd
Detached
$3,289,000
5
5.5+.5+.5
6512
445 Northshore Rd
Detached
$3,499,000
3
3.5
3066
Pending Sales Aug 1-7, 2022
Address
Type
Price
BR
Baths
Sq Ft
CDOM
4 Touchstone #77
Condo
$245,000
3
2.5
1351
8
4061 Jefferson Pkwy
Condo
$358,000
2
2.5
1462
152
4300 Botticelli St
Attached
$374,900
2
2.5
1721
42
5055 Foothills Dr G
Condo
$429,900
$3
2
1252
2
5054 Foothills Dr 70F
Condo
$475,000
2
2
1252
24
5 Partridge Ln
Detached
$699,000
3
2.5
2794
25
439 Livingood Ln
Detached
$814,000
3
2.5
2540
6
4618 Auburn Ln
Attached
$895,000
3
3.5
2732
3
39 Tanglewood Dr
Detached
$899,000
4
3
3167
4
19 Touchstone
Detached
$899,000
4
3
2789
2
2 Yorick
Detached
$975,000
4
3.5
2979
3
346 Lake Bay Ct
Detached
$1,075,000
4
2.5
1900
3
4745 Dogwood Dr
Detached
$1,125,000
4
2.5
3887
23
3151 Alber Spring Ct
Detached
$1,375,000
5
3.5
3917
1
100 Leonard St 4-2
Condo
$1,395,000
3
2.5
3137
68
5014 Upper Dr
Detached
$1,399,000
5
3
3416
22
767 10th St
Detached
$2,000,000
4
4.5
3900
50
162 Berwick Rd
Detached
$3,295,000
4
4.5
4657
6
Sold/Closed Aug 1-7, 2022
Address
Type
List Price
Sold Price
Sq Feet
DOM
3652 Spring Ln
Condo
$369,000
$369,000
1117
11
5225 Jean Rd #207
Condo
$410,000
$385,000
1415
3
17 Da Vinci
Detached
$550,000
$614,000
1876
5
100 Leonard St 3-4
Condo
$699,000
$695,000
1736
9
342 Livingood Ln
Detached
$738,000
$738,000
2,384
5
13 Masaryk St
Detached
$799,000
$790,000
2219
5
5115 Firwood Rd
Detached
$849,000
$815,000
1660
25
4973 Parkhill St
Detached
$925,000
$900,000
2230
23
139 Del Prado St
Detached
$1,150,000
$1,132,500
2955
4
1535 Pine St
Detached
$1,150,000
$1,150,000
2390
7
1736 Palisades Terrace Dr
Detached
$1,150,000
$1,150,000
3079
30
15868 Parker Rd
Detached
$2,100,000
$2,085,000
3679
30
17210 Cedar Rd
Detached
$2,785,000
$2,775,000
3548
7
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.
With the hot weather that we are experiencing, I thought it would be helpful to remind readers about gaining access to the lake via easements.
There are 3 types of lake easements: the Lake Oswego swim park, the Lake Grove swim park, and the individual easements enjoyed by private homes.
The Lake Oswego Swim Park
Located at 250 Ridgeway Rd, this park is open during the 2022 season from July 1 to August 28. It is available for use by any resident within the city limits of Lake Oswego. The park is paid for with tax dollars and there is not a charge for its use once proof of residency is provided. There are life guards on duty and an assortment of water toys to enjoy.
Lake Grove Swim Park
Located at 3800 Lakeview Blvd, this swim park is open for the 2022 season from June 11 to August 21st. This park is owned and operated by the Lake Oswego School District. All students within the the LOSD have free use of the park and access to swimming lessons. If you are not a student within the district, then your eligibility to use the park requires that you live within the boundaries of the old Lake Grove School District. This district was absorbed into the LOSD when the two school districts merged in 1953.
Private Swim Easements
Private swim easements were developed many years ago. Basically a developer of a neighborhood would buy a lot on the lake and deed it to the homes within the neighborhood. There are approximately 3000 houses in Lake Oswego that have access to these easements. Because the easements were developed many years go, the easements mostly benefit older homes. However, when an old house is torn down and a new house is built, the easement goes to the new house. So there are newer homes that do have easements.
The amenities at the easements very quite a lot. There is an easement that is only about 20 feet wide and just consists of a sloping lawn down to the lake. No picnic tables, no amenities at all. Then there are huge easements with boat slips, canoe racks. picnic tables, water toys and all sorts of fun stuff.
If your house has easement eligibility, you need to join the easement. There is an annual fee. The easements are mostly gated and locked. You gain access by joining. These easements are privately run and have their own unique rules and by-laws.
There is usually a waiting list for boat slips and canoe storage. Remember too that you can not put anything in the water without getting it approved and licensed by the Lake Corporation. For information, and to see if your house or possible future house has any private easement privileges, click here.
I do want to acknowledge that there is currently a law suite happening that challenges the private status of the Oswego Lake. It’s been winding its way through courts for years. It also experienced a significant set back a couple of weeks ago when the presiding judge had to step down. This will not be resolved quickly. If the lake is made public, I doubt it will change the status of any of the easements. What will change is that the lake will be available to the public. That access is pretty limited even if it happens because there simply aren’t many spots that the public could get access. I also think that the Lake Corporation would likely still require registration and licensing of boats, canoes, and other water flotation devices.
Hopefully you are staying cool. There’s lots of summer left, perhaps you’ll find time to take a dip in the Lake.