Dianne and I wish you and your loved-ones a joyous celebration today!
Happy 4th of July!!!
Portland Metro Neighborhood Stats + LO
Here is our monthly look at the surrounding areas and LO stats broken out below:
Overview/Fluctuations ~ May 2023 Market Data:
Inventory is mysteriously staying the same (low). So, the number of homes entering the market is increasing, the number of homes with accepted Offers is increasing, and the number of Closed sales is increasing…but Inventory is staying the same. And if you look at the Neighborhood Report below you’ll see that in most areas on the east side (with the exception of Oregon City) the price is not moving dramatically from last month, while a few areas were really notable, such as Oregon City/Canby (which dropped by $46,500), West Portland (which rose by $42,500) and Beaverton/Aloha (which rose by $46,000). Overall I’d say it looks to me like the west side is picking up faster than the eastside.
Rates: “Good news on the inflation front will help rates drop. Right now, we are still in the mid to upper 6% range” Gary Boyer, Regional VP, Directors Mortgage
According to the RMLS Market Action Report for the Portland Metro Area-May 2023:
- There were 3,200 New Listings in May– which is down 15.9% from 3,853 in May 2022 and up 22.1% from the 2,653 the previous month.
- At 2,008 May 2023’s Closed Sales (Solds) are down 31.1% from May 2022’s 2,916, and up 17.6% from the previous month’s total of 1,707.
- At 2,379 May 2023’s Pending Sales (Accepted Offers) are down 23.8% from May 2022’s 3,122, and up 9.9% from the previous month/April’s total of 2,164.
- The Average Sale Price for May 2023 of, $618,800 is down $30,800 from last year/May 2022’s $649,600, and up $12,700 from the previous month/April’s $606,100.
- The “Median” Sale Price (the price smack dab in the middle of all sales) in May 2023 of $550,000 dropped $25,000 from May 2022’s $575,000, & is up $20,000 from April’s $530,000.
LAKE OSWEGO: (May ’23)
206 Active Listings (Apr 170)
165 New Listings (Apr 135)
122 Pending Sales (Apr 107)
110 Closed Sales (Apr 88)
Average Sale Price for May: $1,043,900 (Apr $1,126,300)
NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month. Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
44 Days on the Market Apr 34)
The data listed above is as reported by the Regional Multiple Listing Service (RMLS).
Market Activity ~ June 13-18, 2023
Last week there were 21 properties entering the market (New) , 16 with accepted offers (Pending) and 11 that Closed/Sold. Right now there are 154 properties available in Lake Oswego ranging from $254,900 to $8,998,000.
Here’s the breakdown:
NEW June 13-18, 2023
| Address | List Price | Beds | Baths | SF | Prop Type |
| 92 CERVANTES CIR | $309,000 | 2 | 1.1 | 912 | CONDO |
| 92 CERVANTES CIR #11E | $309,000 | 2 | 1.1 | 912 | CONDO |
| 3190 RAINBOW DR | $585,000 | 3 | 2 | 2808 | DETACHD |
| 18 BRITTEN CT | $649,900 | 3 | 2.1 | 1972 | ATTACHD |
| 5237 SW DAWN ST | $674,900 | 3 | 1.1 | 1654 | DETACHD |
| 42 SPINOSA | $725,000 | 3 | 2.1 | 2056 | DETACHD |
| 1450 GREENTREE CIR | $750,000 | 5 | 3 | 2601 | DETACHD |
| 526 2ND ST #20 | $789,000 | 2 | 2.1 | 1576 | CONDO |
| 13388 AUBURN CT | $839,500 | 3 | 2.1 | 2492 | ATTACHD |
| 3220 UPPER DR | $875,000 | 3 | 3 | 3053 | DETACHD |
| 875 LEE ST | $899,000 | 3 | 2 | 2200 | DETACHD |
| 1481 GREENTREE CIR | $900,000 | 4 | 3 | 2878 | DETACHD |
| 17986 SAINT CLAIR DR | $1,199,000 | 4 | 3 | 3104 | DETACHD |
| 586 WEIDMAN CT | $1,275,000 | 5 | 3.1 | 3796 | DETACHD |
| 5015 DENTON DR | $1,299,500 | 4 | 2.1 | 3131 | DETACHD |
| 18499 OLD RIVER DR | $1,799,900 | 4 | 3.1 | 4217 | DETACHD |
| 16902 CHAPIN WAY | $1,950,000 | 4 | 4 | 3829 | DETACHD |
| 655 7TH ST | $1,999,000 | $3 | 2.1 | 2796 | DETACHD |
| 4247 LORDS LN | $2,680,000 | $4 | 3.1 | 3840 | DETACHD |
| 17950 KELOK RD | $4,499,900 | $6 | 6.1 | 6801 | DETACHD |
| 3434 LAKEVIEW BLVD | $8,998,000 | $5 | 6.1 | 7102 | DETACHD |
PENDING June 13-18, 2023
| Address | List Price | Beds | Baths | SF | Prop Type | Days |
| 3190 RAINBOW DR | $585,000 | 3 | 2 | 2808 | DETACHD | 4 |
| 46 GREENRIDGE CT | $599,000 | 3 | 2.1 | 2036 | ATTACHD | 97 |
| 605 ASH ST | $599,900 | 3 | 2 | 1528 | DETACHD | 30 |
| 18839 KRISTI WAY | $649,500 | 3 | 1.1 | 1344 | DETACHD | 34 |
| 5785 KIMBALL CT | $675,900 | 4 | 2 | 1346 | DETACHD | 45 |
| 54 TOUCHSTONE | $789,000 | 3 | 2 | 1622 | DETACHD | 5 |
| 1448 GREENTREE CIR | $945,000 | 4 | 2.1 | 2649 | DETACHD | 139 |
| 13354 TWIN CREEK LN | $1,095,000 | 4 | 2.1 | 3134 | DETACHD | 28 |
| 13657 PROVINCIAL HILL WAY | $1,100,000 | 4 | 2.1 | 2790 | DETACHD | 32 |
| 319 3RD ST | $1,250,000 | 3 | 3.1 | 1937 | ATTACHD | 7 |
| 586 WEIDMAN CT | $1,275,000 | 5 | 3.1 | 3796 | DETACHD | 3 |
| 2552 PALISADES CREST DR | $1,300,000 | 4 | 2.1 | 3263 | DETACHD | 26 |
| 17269 BRYANT RD | $1,399,990 | 5 | 3.1 | 3641 | DETACHD | 32 |
| 5349 WASHINGTON CT | $1,400,000 | 4 | 3.1 | 3906 | DETACHD | 9 |
| 17327 WESTVIEW DR | $2,324,900 | 5 | 4 | 4008 | DETACHD | 13 |
| 2410 GLEN EAGLES RD | $3,150,000 | 5 | 2.1 | 3523 | DETACHD | 29 |
SOLD June 13-18, 2023
| 3952 CARMAN DR | $425,000 | $395,000 | 2 | 2.1 | 1146 | CONDO | 20 |
| 3982 CARMAN DR | $450,000 | $512,210 | 3 | 2.1 | 1360 | ATTACHD | 4 |
| 1466 BONNIEBRAE DR | $610,000 | $635,000 | 4 | 2 | 1721 | ATTACHD | 3 |
| 3290 CHILDS RD | $739,900 | $801,000 | 3 | 1 | 1708 | DETACHD | 9 |
| 12770 SIERRA VISTA DR | $885,000 | $885,000 | 4 | 2.1 | 2665 | DETACHD | 4 |
| 19863 SYCAMORE AVE | $1,050,000 | $966,000 | 4 | 3 | 2961 | DETACHD | 94 |
| 13259 Sandalwood CT | $1,084,900 | $1,099,000 | 5 | 3 | 2764 | DETACHD | 4 |
| 8 GARIBALDI ST | $1,150,000 | $1,170,000 | 4 | 3 | 4080 | DETACHD | 26 |
| 5598 LUCE LN | $1,370,000 | $1,425,000 | 4 | 3 | 3432 | DETACHD | 4 |
| 718 MAPLE ST | $1,950,000 | $1,750,000 | 3 | 2.1 | 4023 | DETACHD | 251 |
| 1965 EGAN WAY | $1,850,000 | $2,000,000 | 5 | 3.1 | 3899 | DETACHD | 3 |
This Week in Lake Oswego
Here are my picks for what to do in Lake Oswego this week~
Mon, June 12, 2023 – 1-3 PM– American Mah Jongg – Mah Jongg is a game of strategy, skill and calculation. Some say it is similar to Rummy. This practice group has many tables already formed, but if you’d like to join you can sign up to be included in the next open table of 3-4 people. – More Info: CLICK HERE
Tues, June 13 2023 – 2:30PM-4:30 PM – Slow Jam ~ Dust off your musical instrument and come join others in a relaxed setting to make some music together! – ACC, 505 G Avenue Lake Oswego More Info: CLICK HERE
Wed, June 14, 2023 – 10-11:30 AM – Geneology Interest Group~ This meeting is a field trip! regular Zoom and in-person meetings will resume after this week — More Info : CLICK HERE
Thurs, June 15, 2023 – 2-4 PM – Movie Matinee for Teens (Ages 13+) ~ Get in out of the heat or just come to relax with friends and popcorn. The lake Oswego Library has a cozy spot for you and your friends. ~ Lake Oswego Library 706 Fourth St – More Info: CLICK HERE
Fri, June 16, 2023 – 10:30-11 AM -Spanish Language Story & Play Stories presented by Jessica Amezcua from Adventures in Spanish for children ages 0-5 and their caregivers. – Lake Oswego Library 706 Fourth St More Info: CLICK HERE
Sat, June 17, 2023 – 8:30 AM-1:30 PM– Lake Oswego Farmers’ Market – Enjoy the region’s finest food, artisan crafts, music & fun. It’s summer and the 2023 season is in full swing! – Millennium Plaza Park, 200 1st Street More Info : CLICK HERE
Sun, June 18, 2023 -Juneteenth Celebration- 1-4 PM – Presented by: City of Lake Oswego, Respond to Racism, the Arts Council of Lake Oswego ,and LO for LOve~ Commemorate the end of slavery with a community celebration honoring this historic day. The program includes a keynote address from Dr. Renee Mitchell, award-winning metro columnist for The Oregonian and visionary behind I Am M.O.R.E., a heART focused youth development program. The event also features performances by DJ Avelanche and Sebe Kana West African Drum and Dance troupe, youth poetry, vendors and the unveiling of the mural Ms. Willie’s Dream by Sarah Farahat at City Hall ~ 380 A Ave. – More Info: CLICK HERE
Market Activity ~ May 29-June 4, 2023
Last week in Lake Oswego 24 properties entered the market, 7 moved to Pending status and 19 Sold/Closed. Right now there are 147 homes available ranging from $154,900 to $8,950,000.
Here is the breakdown:
NEW May 29-June 4, 2023
| Address | List Price | Beds | Baths | SF | Prop Type |
| 152 OSWEGO SUMMIT | $319,900 | 2 | 2 | 1383 | ATTACHD |
| 80 GALEN ST / Upper | $325,000 | 2 | 2 | 995 | CONDO |
| 248 RIDGEWAY RD / Upper | $395,000 | 1 | 1 | 753 | CONDO |
| 6336 FROST ST | $549,900 | 4 | 2 | 2200 | DETACHD |
| 79 GREENRIDGE CT | $675,000 | 2 | 2 | 1642 | ATTACHD |
| 4 CELLINI CT | $775,000 | 4 | 3 | 2709 | DETACHD |
| 5363 GREYSTOKE DR | $795,000 | 3 | 2 | 1541 | DETACHD |
| 449 C AVE | $999,000 | 3 | 2 | 2261 | DETACHD |
| 1260 ROCKINGHORSE LN | $1,010,000 | 4 | 2.1 | 2176 | DETACHD |
| 43 BECKET ST | $1,070,000 | 4 | 3.1 | 3689 | DETACHD |
| 17079 CHERRY CREST AVE | $1,100,000 | 3 | 2.1 | 3002 | DETACHD |
| 62 TOUCHSTONE | $1,125,000 | 5 | 3 | 3972 | DETACHD |
| 4840 SW DOGWOOD DR | $1,125,000 | 3 | 3 | 2716 | DETACHD |
| 302 FURNACE ST | $1,195,000 | 3 | 2.1 | 1945 | DETACHD |
| 13290 HIDDEN BAY CT | $1,199,000 | 4 | 2.1 | 3156 | DETACHD |
| 319 3RD ST | $1,250,000 | 3 | 3.1 | 1937 | ATTACHD |
| 63 GARIBALDI ST | $1,250,000 | 3 | 3.1 | 4223 | DETACHD |
| 18440 DELENKA LN | $1,495,000 | $4 | 3.1 | 4696 | DETACHD |
| 650 1ST ST / Ground | $1,595,000 | $3 | 2.1 | 2767 | CONDO |
| 4039 CANAL WOODS CT | $1,598,000 | $4 | 3.1 | 4178 | DETACHD |
| 1550 Country Commons | $1,995,000 | $4 | 3 | 4818 | DETACHD |
| 735 7TH ST | $2,099,000 | $3 | 3.1 | 3073 | DETACHD |
| 17327 WESTVIEW DR | $2,324,900 | $5 | 4 | 4008 | DETACHD |
| 7 DOVER WAY | $2,595,000 | $5 | 5.1 | 7803 | DETACHD |
PENDING May 29-June 4, 2023
| Address | List Price | Beds | Baths | SF | Prop Type | Days |
| 13290 HIDDEN BAY CT | $400,500 | 2 | 2.1 | 1980 | CONDO | 82 |
| 15923 TWIN FIR RD | $610,000 | 4 | 2 | 1721 | ATTACHD | 3 |
| 1260 ROCKINGHORSE LN | $670,000 | 3 | 2 | 1769 | DETACHD | 6 |
| 1466 BONNIEBRAE DR | $849,900 | 4 | 2.1 | 2597 | DETACHD | 15 |
| 5106 LAKEVIEW BLVD | $1,010,000 | 4 | 2.1 | 2176 | DETACHD | 3 |
| 3520 UPPER DR | $1,199,000 | 4 | 2.1 | 3156 | DETACHD | 1 |
| 4459 GOLDEN LN / Grnd | $1,900,000 | 3 | 2 | 1540 | DETACHD | 10 |
SOLD May 29,-June 4, 2023
| Address | Opening | Closed | Beds | Baths | SF | Prop Type | Days |
| 35 CRESTFIELD CT #35 | $299,000 | $299,000 | 2 | 1 | 921 | CONDO | 36 |
| 16250 PACIFIC HWY #75 | $419,000 | $388,000 | 3 | 2 | 1593 | CONDO | 109 |
| 5822 SW ROCKWOOD CT | $545,000 | $449,000 | 3 | 1.1 | 1092 | DETACHD | 40 |
| 1302 BOCA RATAN DR | $615,000 | $600,000 | 3 | 2.1 | 1739 | CONDO | 24 |
| 2348 OVERLOOK DR | $645,000 | $635,000 | 4 | 3 | 2567 | DETACHD | 4 |
| 4748 AMHERST CT | $695,000 | $675,000 | 3 | 2.1 | 3015 | ATTACHD | 46 |
| 17515 Tree Top Way | $809,900 | $809,900 | 3 | 2 | 1975 | DETACHD | 3 |
| 60 TOUCHSTONE | $885,000 | $885,000 | 4 | 3 | 2657 | DETACHD | 9 |
| 17143 Rebecca LN | $890,000 | $890,000 | 3 | 2.1 | 1943 | DETACHD | 13 |
| 1421 CHERRY CREST DR | $925,000 | $935,000 | 4 | 3 | 2785 | DETACHD | 5 |
| 191 3RD ST #6 | $950,000 | $950,000 | 2 | 2 | 1523 | CONDO | 33 |
| 11 NANSEN SMT | $1,495,000 | $980,000 | 4 | 4.1 | 4955 | DETACHD | 300 |
| 2318 HILLSIDE LN | $1,195,000 | $1,150,000 | 4 | 3.1 | 3258 | DETACHD | 14 |
| 2468 MARYLHAVEN PL | $1,295,000 | $1,255,000 | 4 | 3.1 | 3606 | DETACHD | 34 |
| 16121 PARELIUS CIR | $1,375,000 | $1,400,000 | 4 | 2.1 | 3506 | DETACHD | 4 |
| 530 MIDDLECREST RD | $1,659,000 | $1,500,000 | 4 | 3 | 3280 | DETACHD | 97 |
| 1273 WELLS ST | $1,795,000 | $1,720,000 | 5 | 3 | 4091 | DETACHD | 24 |
| 14381 FOSBERG RD | $2,150,000 | $2,050,000 | $4 | 3.1 | 5028 | DETACHD | 1 |
| 16693 PHANTOM BLUFF CT | $2,000,000 | $2,200,000 | $3 | 3 | 3201 | DETACHD | 4 |
Portland Metro Neighborhood Stats + LO
Here is the monthly breakdown of the prior month’s activity in the greater Portland area with Lake Oswego broken out at the bottom.
Overview/Fluctuations ~ April 2023 Market Data:
Inventory is creeping up, but just enough to meet where it was in February. If you look at last year/April vs this year, New, Pending and Sold categories are all down 28-38% and New & Pending sales are up slightly from the previous month. Basically, there are still not enough homes to meet demand & Buyers are out actively looking, so we’re recovering ground, but slowly. As with most things, the housing market is affected by the news cycle, and it would be reasonable to surmise that the brinksmanship on display in Washington is temporarily giving people pause.
Rates: “Rates have pushed into the mid to upper 6% range over the debt ceiling fight.” Gary Boyer, Regional VP, Directors Mortgage
According to the RMLS Market Action Report for the Portland Metro Area-April 2023:
- There were 2,653 New Listings in April– which is down 28.0% from 3,684 in April 2022 and up 1.1% from the 2,623 in March 2023.
- At 1,707 April 2023’s Closed Sales (Solds) are down 38.6% from April 2022’s 2,782, and down 2.2% from the previous month/March 2023’s total of 1,745.
- At 2,164 April 2023’s Pending Sales (Accepted Offers) are down 28.0% from April 2022’s 3,005, and up 4.1% from the previous month/March’s total of 2,079.
- The Average Sale Price for April 2023 of, $606,100 is down $26,800 from last year/April 2022’s $632,900, and up $21,600 from the previous month/March’s $584,500.
- The “Median” Sale Price (the price smack dab in the middle of all sales) in April 2023 of $530,000 dropped $30,000 from April 2022’s $560,000, & is up $5,000 from March 2023’s $525,000.
Neighborhoods (April ’23):
LAKE OSWEGO: (April ’23)
170 Active Listings (Mar 162)
135 New Listings (Mar 127)
107 Pending Sales (Mar 94)
88 Closed Sales (Mar 55)
Average Sale Price for April: $1,126,300 (Mar $991,500)
NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month. Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
34 Days on the Market (Mar 60)
The data listed above is as reported by the Regional Multiple Listing Service (RMLS).
Market Activity ~ May 15-21, 2023
Last week Lake Oswego saw 28 properties enter the market (New), 17 move to Pending status, and 16 Closed/Sold.
Right now there are 127 properties available ranging from $154,900 to 9.9 Mil.
Here is the breakdown:
NEW May 15-21, 2023
| Address | List Price | Beds | Baths | SF | Prop Type |
| 3952 CARMAN DR | $425,000 | 2 | 2.1 | 1146 | CONDO |
| 3982 CARMAN DR | $450,000 | 3 | 2.1 | 1360 | ATTACHD |
| 17910 BELMORE AVE | $499,000 | 3 | 1.1 | 1624 | DETACHD |
| 5852 LAKEVIEW BLVD | $510,000 | 2 | 1 | 1111 | DETACHD |
| 1458 BOCA RATAN DR | $594,900 | 3 | 2 | 1641 | ATTACHD |
| 605 ASH ST | $599,900 | 3 | 2 | 1528 | DETACHD |
| 15435 MEADOWLARK CT | $815,000 | 3 | 3 | 1795 | DETACHD |
| 15923 TWIN FIR RD | $849,900 | 4 | 2.1 | 2597 | DETACHD |
| 16266 INVERURIE RD | $874,900 | 3 | 2 | 2503 | DETACHD |
| 14799 UPLANDS DR | $900,000 | 4 | 2 | 2150 | DETACHD |
| 2280 SOUTHSHORE BLVD | $949,000 | 3 | 2 | 2186 | DETACHD |
| 2280 SOUTHSHORE BLVD | $949,000 | 3 | 2 | 2176 | DETACHD |
| 19230 SW REDWING CT | $975,000 | 4 | 2 | 1842 | DETACHD |
| 17577 BLUE HERON CT | $989,000 | 5 | 3 | 2980 | DETACHD |
| 13354 TWIN CREEK LN | $1,125,000 | 4 | 2.1 | 3134 | DETACHD |
| 668 MCVEY AVE #12 | $1,125,000 | 3 | 1.1 | 992 | CONDO |
| 1053 YATES ST | $1,179,900 | 4 | 2.1 | 2598 | DETACHD |
| 17007 WESTVIEW DR | $1,190,000 | $5 | 4 | 2649 | DETACHD |
| 15119 QUARRY RD | $1,250,000 | $3 | 2 | 2106 | DETACHD |
| 5726 CHARLES CIR | $1,299,000 | $4 | 3.1 | 3196 | DETACHD |
| 2552 PALISADES CREST DR | $1,300,000 | $4 | 2.1 | 3263 | DETACHD |
| 16321 WHITE OAKS DR | $1,349,000 | $4 | 3.1 | 2950 | DETACHD |
| 17269 BRYANT RD | $1,399,990 | $5 | 3.1 | 3641 | DETACHD |
| 18480 DELENKA LN | $1,460,000 | $5 | 4.1 | 4829 | DETACHD |
| 1888 OAK KNOLL CT | $1,695,000 | $4 | 3.1 | 3212 | DETACHD |
| 2300 CHILDS RD | $1,898,000 | $4 | 2 | 3183 | DETACHD |
| 2410 GLEN EAGLES RD | $3,400,000 | $5 | 2.1 | 3523 | DETACHD |
| 18015 CARDINAL DR | $3,999,900 | $4 | 3.2 | 4119 | DETACHD |
PENDING May 15-21, 2023
| Address | List Price | Beds | Baths | SF | Prop Type | Days |
| 4 TOUCHSTONE #80 | $245,000 | 2 | 2 | 984 | CONDO | 49 |
| 35 CRESTFIELD CT #35 | $299,000 | 2 | 1 | 921 | CONDO | 36 |
| 5822 SW ROCKWOOD CT | $449,000 | 3 | 1.1 | 1092 | DETACHD | 40 |
| 3982 CARMAN DR | $450,000 | 3 | 2.1 | 1360 | ATTACHD | 4 |
| 14345 HOLLY SPRINGS RD | $685,000 | 4 | 2.1 | 1940 | CONDO | 16 |
| 5364 ROSEWOOD ST | $790,000 | 4 | 2.1 | 1980 | DETACHD | 12 |
| 18400 INDIAN CREEK DR | $799,900 | 4 | 3 | 1736 | DETACHD | 78 |
| 7 BECKET ST | $975,000 | 4 | 3.1 | 4176 | DETACHD | 59 |
| 13259 Sandalwood CT | $1,084,900 | 5 | 3 | 2764 | DETACHD | 4 |
| 8 GARIBALDI ST | $1,150,000 | 4 | 3 | 4080 | DETACHD | 26 |
| 11 NANSEN SMT | $1,198,000 | 4 | 4.1 | 4955 | DETACHD | 300 |
| 15119 QUARRY RD | $1,250,000 | 3 | 2 | 2106 | DETACHD | 4 |
| 17382 BROOKHURST DR | $1,285,000 | 4 | 3.1 | 3725 | DETACHD | 15 |
| 4410 LORDS LN | $1,399,000 | 5 | 3.1 | 3499 | DETACHD | 17 |
| 17258 KELOK RD | $1,585,000 | 3 | 2 | 3742 | DETACHD | 15 |
| 1273 WELLS ST | $1,795,000 | 5 | 3 | 4091 | DETACHD | 24 |
| 2320 GLEN HAVEN RD | $2,384,900 | 4 | 4 | 3875 | DETACHD | 224 |
SOLD May 15-21, 2023
| Address | Opening | Closed | Beds | Baths | SF | Prop Type | Days |
| 4 TOUCHSTONE DR #151 | $224,900 | $299,900 | 3 | 2.1 | 1351 | CONDO | 38 |
| 4000 CARMAN DR, A5 | $300,000 | $313,000 | 2 | 2 | 869 | CONDO | 6 |
| 16200 PACIFIC HWY #5 | $530,000 | $483,500 | 2 | 2 | 1207 | CONDO | 173 |
| 15960 SW LAKE FOREST BLVD | $624,900 | $525,000 | 3 | 1 | 1080 | DETACHD | 172 |
| 5857 CARMAN DR | $575,000 | $550,000 | 2 | 1 | 972 | DETACHD | 121 |
| 16309 LAKE FOREST BLVD | $599,900 | $600,000 | 3 | 2 | 1583 | DETACHD | 4 |
| 4179 DOUGLAS WAY | $565,000 | $652,000 | 3 | 2 | 1447 | DETACHD | 4 |
| 17635 DEEMAR WAY | $695,000 | $689,000 | 4 | 2 | 1513 | DETACHD | 25 |
| 647 2ND ST | $795,000 | $775,000 | 2 | 2 | 1457 | ATTACHD | 10 |
| 13594 BLAZER TRL | $895,000 | $800,000 | 3 | 2 | 1996 | DETACHD | 73 |
| 3552 UPPER DR | $900,000 | $1,105,000 | 3 | 2.1 | 2750 | DETACHD | 4 |
| 668 MCVEY AVE #12 | $1,125,000 | $1,125,000 | 3 | 1.1 | 992 | CONDO | 0 |
| 17623 BROOKHURST DR | $1,575,000 | $1,500,000 | 3 | 3.2 | 3844 | DETACHD | 41 |
| 566 4TH ST | $1,599,000 | $1,550,000 | 5 | 4.2 | 3512 | ATTACHD | 7 |
| 17101 CAMPUS WAY | $1,850,000 | $1,725,000 | 4 | 4.1 | 3367 | DETACHD | 28 |
| 1199 FAIRWAY RD | $4,995,000 | $4,050,000 | 4 | 4.2 | 5527 | DETACHD | 209 |
Lake Oswego Neighborhoods
I got a call asking for information on Lake Oswego neighborhoods this week. It reminded me just how nuanced and varied the different areas of this little hamlet are. The Property Blotter has a whole section devoted to write-ups on individual neighborhoods which you can access on our home page under…”Neighborhoods” : ) if you’d like an in-depth look at any of them. In any event, this is a casual look at the areas & neighborhoods of Lake Oswego~
You’ve got the older part on the State St side, and the newer part on the Boones Ferry Rd side, and corresponding zip codes of 97034 & 97035, generally speaking. Of course everyone thinks of First Addition on the older side with it’s carefully laid-out grid: A, B, C, D, !st, 2nd, 3rd, 4th…you get it. First Addition was originally designed as a “company town” in the early days & is now one of the most sought-after neighborhoods with it’s proximity to everything Lake Oswego & otherwise. Palisades is up the hill on the southern/opposite side of town with it’s little town center, hilly views of the Willamette River & Lake, public golf course and easy access to Hwy 205, Hwy 43 (w/a 15-minute trip into downtown Portland), and South Shore Blvd meandering in a luxurious commute to the newer side of Lake Oswego to the west. Hallinan is next to Palisades, also hilly and has it’s own feel with walking trails & a beautiful park. The older side also has Northshore with it’s train & bridges & island, Lakewood on the south side of Lakewood Bay, Evergreen on its north side, Riverfront with the Iron Smelter and Waterfront Parks on the Willamette, Country Club, Red Fox Hills bordering Tryon Natural Area, Forest Hills which is close to First Addition, Glenmorrie heading our towards Marylhurst near the Willamette and Southshore along the south side of the lake. You also have Dunthorpe and Riverwood at the very north end of the area, which are communities/destinations of their own.
The “newer” part of Lake Oswego is bounded by Mountain Park on the northwestern edge which was built as a planned community with hills and walking trails and a community pool as well as other benefits shared by the residents. Lots of the best opportunities for condo living are found in Mountain Park. Uplands is nestled against Country Club, but edges out to Boones Ferry, so it’s kind of part of the older area, but in the middle. Lakewood which is a little peninsula, Westlake which sits on the western edge of Lake Oswego and offers both beauty and the easy connection to Kruse Way, I-5 and all things “west end”. Lake Forest enchants with its wooded splendor, West Bay nestles on the west side of the lake, Bryant is charming with it’s restaurants, services & lovely neighborhoods, Westridge is hidden away with its sleepy streets built around the elementary school, Blue Heron & the Canals are enticing with their unusual living opportunities on the water, Rosewood & River Grove offer relaxed charm on the very south end of Lake Oswego.
Market Activity ~ May 1-7, 2023
Last week Lake Oswego logged 28 properties entering the market (New), 23 moving to Pending status, and 17 that Sold/Closed. There are currently 143 properties available ranging from $154,900 to $9,900,000.
Here is the breakdown:
NEW May 1-7, 2023
| Address | List Price | Beds | Baths | SF | Prop Type |
| 100 KERR PKWY #48 | $229,000 | 1 | 1 | 617 | CONDO |
| 45 EAGLE CREST DR #400 | $289,950 | 3 | 2 | 1348 | CONDO |
| 86 KINGSGATE RD, B104 | $299,900 | 2 | 2 | 938 | CONDO |
| 16309 LAKE FOREST BLVD | $599,900 | 3 | 2 | 1583 | DETACHD |
| 103 KINGSGATE RD | $600,000 | 3 | 2.1 | 1352 | DETACHD |
| 1221 BOCA RATAN DR | $600,000 | 3 | 2.1 | 1739 | ATTACHD |
| 5785 KIMBALL CT | $679,000 | 4 | 2 | 1346 | DETACHD |
| 14345 HOLLY SPRINGS RD | $685,000 | 4 | 2.1 | 1940 | CONDO |
| 260 CERVANTES | $690,000 | 3 | 2.1 | 2551 | ATTACHD |
| 4959 DOGWOOD DR | $749,900 | 3 | 2 | 2120 | DETACHD |
| 5364 ROSEWOOD ST | $790,000 | 4 | 2.1 | 1980 | DETACHD |
| 1421 CHERRY CREST DR | $925,000 | 4 | 3 | 2785 | DETACHD |
| 14318 CAMDEN LN | $945,000 | 4 | 2.1 | 2980 | DETACHD |
| 4783 BLACK FOREST CT | $974,500 | 4 | 3 | 2166 | DETACHD |
| 3231 DUNCAN DR | $1,175,000 | 4 | 2.1 | 2852 | DETACHD |
| 1031 SUNNINGDALE RD | $1,200,000 | 3 | 2 | 1917 | DETACHD |
| 2415 PARK RD | $1,265,000 | 4 | 2.1 | 2748 | DETACHD |
| 17382 BROOKHURST DR | $1,285,000 | 4 | 3.1 | 3725 | DETACHD |
| 7 NANSEN | $1,395,000 | 4 | 4.1 | 5640 | DETACHD |
| 4410 LORDS LN | $1,399,000 | 5 | 3.1 | 3499 | DETACHD |
| 2944 VALE CT | $1,400,000 | 4 | 2.1 | 3392 | DETACHD |
| 5811 STEWART GLENN CT | $1,550,000 | 4 | 2.1 | 3930 | DETACHD |
| 17258 KELOK RD | $1,585,000 | 3 | 2 | 3742 | DETACHD |
| 804 2ND ST | $1,875,000 | 5 | 2.1 | 2961 | DETACHD |
| 3721 UPPER DR | $1,995,000 | 4 | 2.1 | 3249 | DETACHD |
| 14381 FOSBERG RD | $2,150,000 | 4 | 3.1 | 5028 | DETACHD |
| 1901 CHILDS RD | $2,950,000 | 4 | 3 | 3716 | DETACHD |
| 14050 GOODALL RD | $2,999,900 | 5 | 4.2 | 6943 | DETACHD |
PENDING May 1-7, 2023
| Address | List Price | Beds | Baths | SF | Prop Type | Days |
| 45 EAGLE CREST DR #302 | $229,000 | 1 | 1 | 768 | CONDO | 4 |
| 4000 CARMAN DR, A5 | $300,000 | 2 | 2 | 869 | CONDO | 6 |
| 10 GREENRIDGE CT | $520,000 | 3 | 1.1 | 2063 | ATTACHD | 11 |
| 15960 SW LAKE FOREST BLVD | $540,000 | 3 | 1 | 1080 | DETACHD | 172 |
| 18314 SW FERNBROOK CT | $550,000 | 3 | 1.1 | 1036 | DETACHD | 6 |
| 1302 BOCA RATAN DR | $615,000 | 3 | 2.1 | 1739 | CONDO | 24 |
| 14428 HOLLY SPRINGS RD | $650,000 | 3 | 2.1 | 1372 | CONDO | 86 |
| 4967 GALEN ST | $725,000 | 3 | 2.1 | 2223 | DETACHD | 37 |
| 4959 DOGWOOD DR | $749,900 | 3 | 2 | 2120 | DETACHD | 3 |
| 17515 Tree Top Way | $809,900 | 3 | 2 | 1975 | DETACHD | 3 |
| 12770 SIERRA VISTA DR | $885,000 | 4 | 2.1 | 2665 | DETACHD | 4 |
| 60 TOUCHSTONE | $885,000 | 4 | 3 | 2657 | DETACHD | 9 |
| 14141 GOODALL RD | $895,000 | 3 | 2.1 | 1988 | DETACHD | 292 |
| 18 BECKET ST | $1,070,000 | 3 | 2.1 | 4553 | DETACHD | 14 |
| 16121 PARELIUS CIR | $1,375,000 | 4 | 2.1 | 3506 | DETACHD | 4 |
| 2944 VALE CT | $1,400,000 | 4 | 2.1 | 3392 | DETACHD | 2 |
| 16429 BONAIRE AVE | $1,750,000 | 4 | 3.1 | 3036 | DETACHD | 5 |
| 814 LAKE SHORE RD | $1,790,000 | 3 | 2.2 | 2385 | DETACHD | 13 |
| 718 MAPLE ST | $1,949,000 | 3 | 2.1 | 4023 | DETACHD | 251 |
| 16693 PHANTOM BLUFF CT | $2,000,000 | 3 | 3 | 3201 | DETACHD | 4 |
| 14381 FOSBERG RD | $2,150,000 | 4 | 3.1 | 5028 | DETACHD | 1 |
| 1425 CHANDLER RD | $3,790,000 | 5 | 5.1 | 5692 | DETACHD | 236 |
| 1199 FAIRWAY RD | $4,195,000 | 4 | 4.2 | 5527 | DETACHD | 209 |
SOLD May 1-7, 2023
| Address | Opening | Closed | Beds | Baths | SF | Prop Type | Days |
| 212 GREENRIDGE DR | $549,000 | $547,000 | 3 | 2 | 1392 | ATTACHD | 1 |
| 206 GREENRIDGE DR | $597,000 | $600,000 | 3 | 2 | 1362 | ATTACHD | 32 |
| 13125 VERMEER DR | $695,000 | $698,000 | 4 | 2.1 | 2046 | DETACHD | 5 |
| 18701 BRYANT RD | $789,000 | $749,900 | 3 | 2 | 1995 | DETACHD | 33 |
| 7 SPINOSA | $749,900 | $758,000 | 3 | 3 | 2295 | DETACHD | 204 |
| 19211 INDIAN SPRINGS RD | $759,000 | $760,000 | 4 | 3 | 2132 | DETACHD | 71 |
| 16932 GREENTREE AVE | $950,000 | $835,000 | 4 | 3 | 3440 | DETACHD | 66 |
| 17502 ERIN CT | $999,000 | $975,000 | 4 | 3 | 3142 | DETACHD | 7 |
| 624 LIVINGOOD LN | $975,000 | $995,000 | 4 | 3 | 2612 | DETACHD | 3 |
| 3802 SOUTHSHORE BLVD | $995,000 | $1,010,000 | 4 | 3 | 1908 | DETACHD | 3 |
| 1031 SUNNINGDALE RD | $1,200,000 | $1,200,000 | 3 | 2 | 1917 | DETACHD | 0 |
| 16800 Lakeridge DR | $1,290,000 | $1,220,000 | 4 | 3 | 2416 | DETACHD | 30 |
| 5811 STEWART GLENN CT | $1,550,000 | $1,500,000 | 4 | 2.1 | 3930 | DETACHD | 0 |
| 2126 WEMBLEY PL | $1,795,000 | $1,625,000 | 4 | 3.1 | 3603 | DETACHD | 83 |
| 3556 CARMAN DR | $2,200,000 | $2,400,000 | 5 | 3.1 | 4000 | DETACHD | 118 |
| 13050 FIELDING RD | $3,200,000 | $3,200,000 | 4 | 5 | 4805 | DETACHD | 1 |
| 2643 SOUTHSHORE BLVD | $3,695,000 | $3,595,000 | 3 | 3.2 | 4872 | DETACHD | 93 |
This Week in Lake Oswego
Spring is in the air!
Here are my picks for what to do in Lake Oswego this week in person or online:
Mon, May 1, 2023 – 8:00AM-8:15 PM– Get Ready, Get Set, Get Gnomin’ – Lake Oswego Parks – 3 Gnomes are hidden in lake Oswego Parks on the 1st of every month, Play along and find the gnomes, posting photos of you or your dog with the Gnomes (if you do find them ; ) – For More Info & Zoom Link: CLICK HERE
Tues, May 2, 2023 – 5:30PM-6:30PM – First Tuesday Music (In Person or Online)~ Sharon Gan & Daniel Velasquez – Lake Oswego Library presents these two composers, teachers and accomplished musicians in recognition of Asian American and Native Hawaiian/Pacific Islander (AANHPI) Heritage month, Dan and Sharon will take you on a musical journey to several of the countries that make up the AANHPI. Come and enjoy music from these countries! – Lake Oswego Library, 706 4th St, Lake Oswego More Info: CLICK HERE
Wed, May 3, 2023 – 7:00PM – If Walls Could Talk: How to Research the History of Your Home~ The Lake Oswego Public Library presents this informative program. Local researcher Char Green will take you through the steps of learning about the history of your home, including valuable tools for finding and then organizing your information. – Lake Oswego Library, 706 4th St, Lake Oswego – More Info + Link: CLICK HERE
Thurs, May 4, 2023 – 9:00AM-1:00PM– Indoor Playground at CCP (Ages 0-4) ~ Rain or shine- No problem! In-person playtime for your little ones. This is perfect activity for parents and caregivers & available for a $4 Drop-In Fee. ~ Cummins Hall of CCP, 1060 Chandler Road.– More Info: CLICK HERE
Fri, May 5, 2023 – 1:00-3:00PM -Pinochle Friday “Trick-Taking”- Have fun with other experienced players at the Adult Community Center – 505 G Avenue More Info: CLICK HERE
Sat, May 6, 2023 – 8:00-11:00AM– Annual Lake Run– Get out in the spring air and participate in this fun, annual fundraiser for Northwest Housing Alternatives – More Info & Registration : CLICK HERE
Sun, May 7, 2022 -Bryant Neighborhood Social Event- 4:00PM – Get to know your neighbors at this fun event with plenty of food and beverages & great company!~ Lakeridge Middle School, 4700 Jean Rd. – More Info + Links & Registration: CLICK HERE