Market Activity Jan 22-28, 2024

Last week in Lake Oswego there were 6 new listings. One sold very fast and appears in this report as a pending sale. There were 13 properties that accepted offers and went into pending status. There were 6 properties that finalized the purchase and are now sold/closed.

See below for RMLS data.

New on the Market Jan 22-28, 2024

AddressTypePriceBedroomsBathsSq Feet
750 1st St C-16Condo$395,000221350
121 Touchstone TerAttached$560,00032.51964
3485 Devonshire DrAttached$624,950321556
3814 Rivers Edge DrDetached$1,000,00042.53213
668 McVey Ave #50Condo$1,295,00011636

Pending Jan 22-28, 2024

AddressTypePriceBedroomsBathsSq FeetDOM
45 Eagle Crest Dr #122Condo$315,0003213488
14362 Sherbrook PlAttached$475,00021.51279106
16184 Lake Forest BlvdDetached$510,0003113428
100 Leonard St 2-4Condo$550,000221736236
7 Peacock PlDetached$579,00032.51388104
5733 Kimball CtDetached$659,000421346159
12 Independence AveDetached$839,50044299453
4690 Auburn LnAttached$885,00033.5275076
4255 Chad DrDetached$1,250,00043.5385315
4039 Canal Woods CtDetached$1,450,00043.5417814
950 Terrace DrDetached$1,950,00043.5461921
4394 Lords LnDetached$1,975,00043.539051
17132 Lowenberg TerDetached$2,050,00044.5+.5332261

Closed/Sold Jan 22-28, 2024

AddressTypeList PriceSold PriceSq FeetCDOM
16237 Lake Forest BlvdDetached$525,000$525,00011328
1621 Ash StDetached$699,900$705,00018873
369 5th StDetached$825,000$750,000155252
17903 Ridge Lake DrDetached$854,999$836,000254072
4360 Westbay RdDetached$1,274,000$1,190,000263666
670 1st StCondo$1,515,000$1,392,4002767133

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.

Be Prepared

We don’t get severe weather very often. Generally, winter in Lake Oswego is mostly rainy with mild temperatures in the 40s. However, it is also pretty common that for a few days each winter we will get temperatures low enough to bring us snow and ice. Last week was one of those occasions. It was severe enough that the mayor of Lake Oswego declared a state of emergency. The unique factor was the snow and ice were accompanied by high winds. This brought down trees and tree limbs. And this led to power outages throughout the Portland metro area. At my house we lost power for 5 days. So here are a few of my take aways about being prepared and what to expect.

It may be cold.

If you can, install a generator. They come in different sizes. Small ones to just power your furnace and large ones for the entire house.

You can purchase indoor-rated propane heaters. This is what we used at my house. Make sure that they are indoor rated! With two heaters going we kept our kitchen at about 55 degrees.

Wear layers. Hats and gloves may feel goofy indoors, but they help a lot.

Drip your faucets. Just a small drip at each faucet can keep your pipes from freezing. Bursting pipes don’t have to be round two of coping with a cold snap if you take precautions.

If you haven’t lost power, you still need to take care of your pipes. Particularly if they are located in exterior walls. Consider leaving cupboard doors open so that the interior of the cupboards are well heated.

Buy things ahead of the weather event. Propane was a rare commodity and the stores around Lake Oswego were completely sold out. My son, who lives in Hillsboro, where they didn’t loose power, brought us propane that he purchased in that part of town. So stock up on things you’ll need before they are sold out: propane, candles, and batteries.

Take care of your trees

Hire an arborist to examine the trees in your yard. If you are considering buying a house, think about adding an arborist to your home inspection. Then do what they recommend. My husband and I have done this in our yard. It has paid for itself many times over. We just don’t have limbs and trees coming down. It’s not a 100% guarantee, but it has been money well spent in our household.

The bottom line is that these weather events happen. Be prepared and make it as smooth as possible. The heat will come back on and the yard will get cleaned up. And don’t forget to enjoy the winter wonderland!

Dianne

Market Activity Jan 8-14, 2024

My first market activity report of the new year. Love it!

Last week in Lake Oswego there were 7 new listings, one of which sold quickly and appears in this report as a pending sale. There were 10 properties that accepted offers and moved to pending status, and there were 5 closed sales.

See below for RMLS data.

New Listings Jan 8-14, 2024

AddressTypePriceBedroomsBathsSq Feet
200 Burnham Rd #209Condo$412,000221305
5554 Royal Oaks DrDetached$850,000321861
5995 Shakespeare StDetached$929,950332600
4039 Canal Woods CtDetached$1,450,00043.54178
2711 Greentree RdDetached$1,749,00053.53315
17660 Wayside LnDetached$2,600,00055.55975

Pending Sales Jan 8-14, 2024

AddressTypePriceBedroomsBathsSq FeetDOM
1221 Boca Ratan DrAttached$499,00032.5181278
51 Oriole LnDetached$589,00032121699
16724 RooseveltDetached$599,00031.512703
369 5th StDetached$825,00021155252
21 Hidalgo StDetached$990,00043339278
29 Del Prado StDetached$1,050,0004230373
3857 Carman DrDetached$1,095,00032.5253137
5320 Childs RdDetached$2,100,00063476529
2320 Glen Haven RdDetached$2,119,90034387510
4200 Old Gate RdDetached$2,675,00054.548719

Sold/Closed Jan 8-14, 2024

AddressTypeList PriceClosed PriceSq FeetCDOM
2031 Bonniebrae DrAttached$555,000$460,0001611119
12844 Boones Ferry Rd #117Condo$489,000$475,000119176
5453 Willow CtAttached$762,000$740,000244691
1724 Oak StDetached$900,000$878,000218917
2348 Overlook DrDetached$1,025,000$900,0002567130

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.

Metro Area Snapshot

I had to share this graphic. Look at the Portland Metro area. There are only 3 parts of the community that did not loose value in the last year: Tigard/Wilsonville and Lake Oswego/West Linn. And appreciation in LO/WL has been a healthy 5.9%. You should feel very good about choosing Lake Oswego as a place to live or to aspire to live. Not only is it a terrific community, but it’s a great investment.

Market Activity Dec 25-31, 2023

I think last week, the week between Christmas and New Year’s, is probably the slowest week of the year for real estate activity. Yet, real estate still happens. In Lake Oswego there were 2 new listings, one of which sold quickly, and appears in this report as a pending sale. There were 3 pending sales, and, impressively, there were 10 closed sales.

The reason that real estate still happens, even on the slowest week of the year, is because life still happens. People get married, get new jobs, have babies, life goes on. There is literally no time of the year that isn’t a good time to buy a house or to sell a house.

See below for RMLS data.

New Listings Dec 25-31, 2023

AddressTypePriceBedroomsBathsSq Feet
4 Touchstone #143Condo$270,00032.51350

Pending Sales Dec 25-31, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
1621 Ash StDetached$699,9003218873
2348 Overlook DrDetached$963,00053256783
4360 Westbay RdDetached$1,245,00043263630

Sold/Closed Dec 25-31, 2023

AddressTypeList PriceClosed PriceSq FeetCDOM
86 Kingsgate Rd #22Condo$335,000$299,500924125
4621 Lakeview Blvd C3Condo$329,900$331,500117812
141 Touchstone CtAttached$589,000$575,000206690
16240 Parker RdDetached$679,000$650,0001454269
5270 Red Leaf RdDetached$700,000$670,000133047
6050 Childs RdDetached$900,000$850,000212917
18368 Tamaway DrDetached$1,150,000$1,130,000374140
3324 Sabina CtDetached$1,250,000$1,212,50025507
4974 Cascara LnDetached$1,285,000$1,285,00034762
5309 Denton DrDetached$1,620,000$1,465,000362626

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.

Happy New Year 2024!

Linda and I want to wish you and yours a very Happy New Year filled with success, health, happiness, and everything you are striving for in the months ahead.

Christmas Tree Recycling

While we are all looking forward to celebration of the holidays, it’s not too early to start figuring out how to recycle your Christmas tree, if you have one to recycle.

Republic Services allows trees to be recycled in the normal curbside collection via your yard debris. Please remember that the tree must fit completely within the bin, and that may mean that you need to cut it up. They also offer tree pick up, for a fee, if you do not have yard debris collection as part of your normal service. You can call them at 503-636-3011, to make arrangements.

Local Scout Troop 221 will be recycling Christmas trees and wreaths between 9 a.m. and 4 p.m. on Saturday, January 6 and Sunday, January 7. The drive-up recycling service will be located at the Mountain Park Church overflow parking lot (SW Jefferson Ave. & SW McNary Pkwy). The suggested donation is $12 per tree, $10 for wreath, and $15 for pick up in area codes 97219, 97034, 97035. Flocked trees are not accepted. This troop chips and mulches on site to help beautify the neighborhood. To schedule pick up, visit http://www.bsatroop221.us

Local Lake Oswego Girl Scout Troop 40343 will be recycling trees and wreaths from 9 a.m. to 4 p.m. at the upper parking lot of George Rogers on the following dates: December 29, 30, 31 and January 1, 6, 7. Suggested starting donation is $20. If you have any questions, please email troop40343@gmail.com(link sends e-mail)

Lake Osweg Scout Troop 555 will be recycling Christmas trees and wreaths between 9 a.m. and 4 p.m. on Saturday, January 6, and Sunday, January 7. The drive up recycling service will be in the Yakima parking lot at 4101 Kruse Way in Lake Oswego. The suggested donation is $10 per tree and $8 per wreath. For questions, please email Keith Morris, Scoutmaster, at kpmorris@centurylink.net

They also make for a very nice fire in outdoor fireplaces, which is what my husband and I will be doing.

Happy Holidays!

Dianne

Market Activity Dec 11-17, 2023

Last week in Lake Oswego 6 new listings came onto the market, one of which sold quickly and appears in this report as a pending sale. 9 properties accepted offers and moved to pending status. 9 properties sold/closed so that 9 families could move in before Christmas.

See below for RMLS data.

New on the Market Dec 11-17, 2023

AddressTypePriceBedroomsBathsSq Feet
3433 McNary Pkwy #407Condo$275,000221008
869 10th StDetached$849,900211220
6040 Lakeview BlvdDetached$1,349,000533701
5320 Childs RdDetached$2,100,000634765
2121 Wembley Park RdDetached$2,999,90055.55025

Pending Sales Dec 11-17, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
4 Touchstone #128Condo$250,00032.5135018
11 Oswego #11Condo$314,80022124126
4089 Jefferson PkwyCondo$384,90022.51361140
2031 Bonniebrae DrAttached$479,000321611119
16237 Lake Forest BlvdDetached$525,0003111328
6 The GrottoDetached$550,0003213819
16211 Inverurie RdDetached$699,90032.518192
4740 Lamont CtDetached$799,90032177652
12 Independence AveDetached$839,50044299216

Sold/Closed Dec 11-17, 2023

AddressTypeList PriceSold PriceSq FeetCDOM
45 Eagle Crest Dr #402Condo$279,000$220,00076871
159 Oswego SummitCondo$395,000$320,0001506218
16131 Lindsay CtDetached$680,000$680,000183228
2979 Dellwood DrDetached$939,000$750,0003216144
13990 Shireva CtDetached$789,000$755,000170219
1 Creekside TerrDetached$1,185,000$1,040,000423042
4904 Parkhill StDetached$1,195,000$1,200,00034337
17393 Grandview CtDetached$1,275,000$1,243,54837724
1120 Crestline CtDetached$4,950,000$4,350,0006440101

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.

Shop Local and Support Local Artists

The Arts Council of Lake Oswego has set up a holiday market place where you will find beautiful arts and crafts for sale. Ceramics, jewelry, ornaments, cards, candles, soaps, textiles and more can be found at the ARTspace, 380 A Avenue, Suite A. Hours are Tuesday thru Friday from 10 to 5.

There are 28 artists participating, with 2 featured artists. Janl Pahl does encaustic paintings that capture the beauty of the natural world. LeBrie Rich is a felt artist. She has created felting kits that make it easy for anyone to explore the art of felting.

The Holiday Market Place runs through December 23rd.

Another option is participating in the Holiday Savings Pass. Sponsored by the Lake Oswego and West Linn Business Recovery Center and the local Chambers, the Wander Willamette’s mobile BE LOCAL Holiday Savings Pass can be picked up at www.wanderwillamette.com/holidaypass. Simply check in and start enjoying savings at local businesses.

What a great way to support the local community by spending your holiday dollars right in your own neighborhood.

As always, thank you for reading the blotter.

Dianne

Market Activity Nov 27-Dec 3, 2023

I’m going to start this market activity report with some good news. According to the Mortgage Bankers Association, home purchase mortgage applications have gone up 35% in recent weeks. That’s a huge jump and unusual for this time of year.

Here on a local level, last week in Lake Oswego there were 4 new listings, 7 properties that moved to pending status, and 17 sold/closed sales. Something tells me that there are moving trucks arriving in LO this week with holiday trees tied to their roofs.

See below for RMLS data.

New on the Market Nov 27-Dec 3, 2023

AddressTypePriceBedroomsBathsSq Feet
4 Touchstone #106Condo$259,00022984
4 Touchstone #119Condo$318,90032.51351
3433 McNary Pkwy #108Condo$391,900321344
12 Independence AveDetached$839,500442994

Pending Nove 27-Dec 3, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
4621 Lakeview Blvd C3Condo$329,90022117812
159 Oswego SummitCondo$350,000221506218
12844 Boonesferry Rd #117Condo$475,00022.5119176
5270 Red Leaf StDetached$675,00032133047
5222 Rosewood StDetached$800,00032.52414113
4845 Upper DrDetached$1,249,00053287950
55309 Denton DrDetached$1,620,00043.5362626

Sold/Closed Nov 27-Dec 3, 2023

AddressTypeList PriceClosed PriceSq FeetCDOM
96 Oswego SummitCondo$219,900$240,0009646
4093 Jefferson PkwyCondo$460,000$410,000140348
21019 Bonniebrae DrAttached$525,000$510,000153918
4510 Lower Dr B1Condo$555,000$515,000172942
668 McVey Ave #57Condo$625,000$515,500992242
1206 Cedar StDetached$775,000$725,000142615
1600 Woodland TerDetached$779,000$780,00016993
5311 Childs RdDetached$849,500$795,0001929124
13851 Verte CtDetached$939,000$925,000292515
10 Sherwood CtDetached$949,000$949,00032892
7 Grouse TerDetached$935,000$1,050,00025163
14584 Pfeifer WayDetached$1,250,000$1,176,000264714
1050 Atwater RdDetached$1,375,000$1,350,00030520
3600 Upper DrDetached$1,999,950$1,850,0003771195
541 6th StDetached$2,400,000$2,400,00035590
13799 Atwater LnDetached$3,995,000$3,800,0004700102
128 Northshore CirDetached$4,695,000$4,000,0003501148

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.