Linda Rossi, Author at Property Blotter

October 29, 2021September 11, 2022

Market Activity ~ Oct 18-24, 2021

True to the season, last week Lake Oswego saw just 4 properties enter the market. There were, however, 21 moving to Pending status, and 15 that Sold/Closed. At this moment there are 77 fabulous homes priced from $170,000 to $6.5 Million available in this little hamlet.

Here is your weekly detailed breakdown:

NEW Oct 18-24, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
100 KERR PKWY #19	$170,000	1	1	617	CONDO
135 OSWEGO SMT / Upper	$263,000	2	2	1140	CONDO
5051 FOOTHILLS DR D	$340,000	2	2	991	CONDO
16940 SW TRACY AVE	$675,000	4	1.2	1656	DETACHD

PENDING Oct 18-24, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	Days
358 CERVANTES CIR	$234,900	2	1.1	912	CONDO	5
4000 CARMAN DR C44	$255,000	2	2	866	CONDO	46
18840 SW 65TH AVE	$549,000	3	2.1	1634	DETACHD	34
4191 SOUTHSHORE BLVD	$699,000	4	2	1361	DETACHD	5
13819 PROVINCIAL HILL DR	$785,000	3	2.1	2021	DETACHD	3
15450 PARTRIDGE DR	$800,000	3	2.1	2624	DETACHD	4
3718 RIVERS EDGE DR	$960,000	4	2.1	2512	DETACHD	0
13280 SANDALWOOD CT	$1,050,000	4	3	3080	DETACHD	5
3211 WESTVIEW CT	$1,150,000	4	3.1	3325	DETACHD	20
17975 RIDGE LAKE DR	$1,199,000	4	2.1	2835	DETACHD	2
18470 RAY RIDGE DR	$1,350,000	5	2.1	4329	DETACHD	136
9 HIDALGO ST	$1,400,000	4	3.3	5713	DETACHD	4
7 GARIBALDI ST	$1,450,000	4	3.1	6303	DETACHD	85
17625 WOODHURST PL	$1,495,000	5	4.1	4513	DETACHD	39
4305 UPPER DR	$1,525,000	4	2.1	3483	DETACHD	8
611 RIDGEWAY RD	$1,995,000	4	5.1	4463	DETACHD	145
4480 UPPER DR	$2,000,000	4	3.1	3497	DETACHD	19
1099 CHERRY CIR	$2,275,000	5	3.1	4039	DETACHD	3
19155 BRYANT RD	$2,275,000	3	3.1	3371	DETACHD	20
16767 GRAEF CIR	$2,950,000	4	4.1	4222	DETACHD	13
1101 CRESTLINE CT	$3,000,000	4	4.3	7226	DETACHD	415

SOLD Oct 18-24, 2021

Address	Opening	Closed	Beds	Baths	SF	Type	Days
47 EAGLE CREST DR #54	$ 186,000	$ 182,500	1	1	672	CONDO	37
47 EAGLE CREST DR #48	$ 200,000	$ 203,500	1	1	696	CONDO	16
96 CERVANTES CIR / Main	$ 230,000	$ 205,000	2	1.1	912	CONDO	7
47 EAGLE CREST DR #56	$ 240,000	$ 240,000	3	1	1031	CONDO	5
68 WHEATHERSTONE CT	$ 549,900	$ 534,000	4	3.1	2465	CONDO	19
5715 BONITA RD	$ 599,000	$ 599,000	3	2.1	1614	DETACHD	0
1386 BOCA RATAN DR	$ 524,900	$ 600,000	3	2.1	1739	ATTACHD	4
20 AQUINAS ST	$ 649,900	$ 649,900	4	2.1	1838	DETACHD	15
14425 HOLLY SPRINGS RD	$ 770,000	$ 696,500	5	3	2238	CONDO	108
18867 Arrowwood AVE	$ 659,900	$ 760,000	3	2	1488	DETACHD	6
4848 LOWER DR	$ 822,000	$ 766,000	4	3	2531	DETACHD	27
2515 GREENTREE RD	$ 735,000	$ 777,000	4	2	2300	DETACHD	3
18820 GREEN BLUFF DR	$ 1,599,000	$ 1,400,000	4	4.1	5643	DETACHD	6
2420 PRESTWICK RD	$ 2,500,000	$ 1,420,000	6	3.1	3723	DETACHD	73
16206 REESE RD	$ 1,895,000	$ 1,895,000	4	3.1	3631	DETACHD	1

Criteria: (RMLS DATA) 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.

October 16, 2021September 11, 2022

News & Notes ~ Sept 2021 Numbers

Overview/Fluctuations ~ Market Data Sept 2021:

Again this last month we’re seeing a cooling indicative of Fall, with Buyer Activity slowed a bit and/but conversely, Seller activity (Listings) increasing. It’ll be interesting to see October’s activity as Fall is one of the best times to buy a property in Portland, especially given the competitive landscape this year. We’ll find out if Buyers come out for the opportunity it presents. Market time remains pretty much the same at 24 days. We also see another slight increase in inventory looking pretty steady during these last few months. Appreciation remains remarkable.

Rates: “With increased inflation pressures, rates have moved higher to roughly 3.25% currently. We are likely to continue to see rates moving higher in the coming months.” Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS Market Action Report for the Portland Metro Area, Sept 2021:

There were 3,760 New Listings in Sept 2021 up 15.2% from Sept 2020’s 3,264 and also up 1.7% from the previous month/August’s 3,698.
At 3,167, Sept 2021’s Closed Sales are down 2.6% from Sept 2020’s 3,251, and also down 1.6% from the previous month/August’s total of 3,219
At 3,170, Sept 2021’s Pending Sales increased 0.6% from Sept 2020’s 3,152, and decreased 10.3% from the previous month/August’s total of 3,535.
The Average Sale Price in Sept 2021 of $571,500 is up $61,500 from last year/Sept 2020’s $510,000, and down $12,100. from the previous month/August’s $583,600.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Sept 2021 of $510,000 rose $59,000 from last year/Sept 2020’s $451,000, and was down $15,000 from the previous month/August’s $525,000.

LAKE OSWEGO:

154 Active Listings (Aug 161)
178 New Listings (Aug 168)
170 Pending Sales (Aug 163)
168 Closed Sales (Aug 171)
Average Sale Price for Sept: $975,700 (Aug $878,600)
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.
27 Days on the Market (Aug 23)

October 13, 2021September 11, 2022

Market Activity ~ Oct 4-10, 2021

This last week in Lake Oswego there were 9 New homes entering the market, 24 moving to Pending status (accepted Offers), and 19 that Closed/Sold.

Right now there are 81 fantastic properties to suit all kinds of tastes, price ranges & requirements available in Lake Oswego!

Here is the latest breakdown according to RMLS:

NEW: Oct 4-10, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
4 TOUCHSTONE #137	$208,500	2	2	984	CONDO
86 KINGSGATE RD, A101	$265,000	2	2	849	CONDO
17555 ERIN CT	$969,000	4	3	3156	DETACHD
16645 FIR LN	$1,100,000	4	2.1	3066	DETACHD
2630 RIVENDELL RD	$1,399,000	4	3.1	4612	DETACHD
611 RIDGEWAY RD	$1,995,000	4	5.1	4463	DETACHD
4480 UPPER DR	$2,000,000	4	3.1	3497	DETACHD
767 10TH ST	$2,100,000	4	4.1	3900	DETACHD
16767 GRAEF CIR	$2,950,000	4	4.1	4222	DETACHD

PENDING Oct 4-10, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
100 KERR PKWY #38	$185,000	1	1	628	CONDO	22
29 CRESTFIELD CT / Grnd	$239,900	2	2	989	CONDO	357
15938 QUARRY RD, 3A	$259,900	2	1	988	CONDO	4
5225 JEAN RD #203	$359,900	3	2	1400	CONDO	117
4101 JEFFERSON PKWY / Upper	$369,500	2	2.1	1375	CONDO	11
3101 MCNARY PKWY #6	$395,000	3	2.1	1884	ATTACHD	25
14 WHEATHERSTONE #7	$449,900	3	2.1	1692	CONDO	2
750 1ST ST, A10	$465,000	2	2	1350	CONDO	117
5077 W SUNSET DR	$500,000	2	2.1	1720	ATTACHD	4
1386 BOCA RATAN DR	$524,900	3	2.1	1739	ATTACHD	4
12572 BOONES FERRY RD	$525,000	4	2	1577	DETACHD	138
6 ADAMS CT	$539,900	3	2	1571	DETACHD	2
2515 GREENTREE RD	$735,000	4	2	2300	DETACHD	3
1704 MEADOWS DR	$750,000	3	3	1956	DETACHD	4
1631 ASH ST	$750,000	4	2.1	2227	DETACHD	3
4705 LAKEVIEW BLVD	$875,000	3	2.1	2700	DETACHD	9
14867 TWIN FIR CT	$899,000	6	3.1	3625	DETACHD	5
603 ATWATER RD	$899,900	5	3.1	3430	DETACHD	73
2915 DELLWOOD DR	$899,900	4	2.2	3690	DETACHD	8
5598 LUCE LN	$979,000	4	3	3432	DETACHD	40
6413 MCDUFF CT	$1,050,000	3	2.1	3091	DETACHD	37
18365 SW 65TH AVE	$1,290,000	5	4	3331	DETACHD	22
1776 OAK ST	$1,290,000	4	3.1	4012	DETACHD	89
3411 LAKE GROVE AVE	$1,599,000	4	3.1	4434	DETACHD	47

SOLD Oct 4-10, 2021

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY #31	$ 185,000	$ 185,000	1	1	617	CONDO	5
200 BURNHAM RD #402	$ 355,000	$ 360,000	2	2	1305	CONDO	10
5101 JEAN RD	$ 475,000	$ 459,938	3	1	1012	DETACHD	5
16417 LAKE FOREST BLVD	$ 540,000	$ 540,000	2	1	1066	DETACHD	12
17830 SW TUALATA AVE	$ 595,000	$ 587,000	3	2	1373	DETACHD	30
17902 TAMARA AVE	$ 569,900	$ 605,000	4	2	2082	DETACHD	59
8 BOLIVAR ST	$ 640,000	$ 640,000	2	2	2149	DETACHD	3
16624 ROOSEVELT AVE	$ 699,900	$ 661,000	3	2	2802	DETACHD	15
14 PREAKNESS CT	$ 669,000	$ 680,000	2	2.1	2190	ATTACHD	6
5911 SW CARMAN DR	$ 695,800	$ 700,000	3	2	1400	DETACHD	10
1880 FERNWOOD DR	$ 875,000	$ 875,000	5	3.1	3049	DETACHD	65
16033 REESE RD	$ 849,900	$ 951,000	4	2.1	2810	DETACHD	5
920 YORK RD	$ 985,000	$ 1,043,925	4	3	2026	DETACHD	2
1161 SUNNINGDALE RD	$ 950,000	$ 1,060,000	3	2.1	2378	DETACHD	3
1687 VILLAGE PARK LN	$ 1,500,000	$ 1,350,000	4	3	3362	DETACHD	74
127 FURNACE ST / Upper	$ 1,375,000	$ 1,375,000	2	2.1	2016	CONDO	0
14500 UPLANDS DR	$ 2,495,000	$ 2,225,000	5	4.2	5544	DETACHD	74
1075 CHANDLER RD	$ 2,799,000	$ 2,700,000	5	4.1	5710	DETACHD	113
259 PINE VALLEY RD	$ 4,000,000	$ 4,000,000	4	4.1	4640	DETACHD	0

September 19, 2021September 11, 2022

News & Notes ~ August Numbers 2021

Here is the latest look at the overall Portland area and how Lake Oswego fits into that picture. Don’t miss the Portland Neighborhood Report (below) with values, time on market and appreciation rates broken out for our Property Blotter readers.

Overview/Fluctuations ~ Market Data Aug 2021: August is never a robust month in Portland, but things are moving right along. With the exception of some slight shuffling, we saw a pretty “no-drama” month in terms of pricing stability and sales compared to July. Market time remains only slightly different than July, at 23 days compared to July’s 20 days overall. New Listings dropped off for a bit as we’d expect, and Inventory rose slightly to a whopping 1-month’s supply (just a tad under last August).

Rates are hanging right at 3.0% as of today, but there is pressure on rates to move higher.

According to the RMLS Market Action Report for the Portland Metro Area, Aug 2021:

There were 3,698 New Listings in Aug 2021 dropping 4.8% from Aug 2020’s 3,885 and 13.3% from the previous month/July’s 4,267.
At 3,219, Aug 2021’s Closed Sales are up 2.2% from Aug 2020’s 3,149, and fell 6.4% from the previous month/July’s total of 3,439.
At 3,535, Aug 2021’s Pending Sales decreased 4.4% from Aug 2020’s 3,697, and are also up 5.4% from the previous month/July’s total of 3,354.
The Average Sale Price in Aug 2021 of $583,600 is up $72,600 from last year/Aug 2020’s $511,000, and down $9,500. from the previous month/July’s $593,100.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Aug 2021 of $525,000 rose $76,000 from last year/Aug 2020’s $449,000, and also increased $3,000 from the previous month/July’s $522,000.

LAKE OSWEGO:

161 Active Listings (July 165)
168 New Listings (July 214)
163 Pending Sales (July 177)
171 Closed Sales (July 184)
Average Sale Price for July: $878,000 (July $1,020,600)
- 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.
23 Average Days on the Market (July 19)

September 16, 2021September 11, 2022

Market Activity ~ Sept 6-12, 2021

This last week in Lake Oswego there were 11 New homes entering the market, 18 moving to Pending status (accepted Offers), and 19 that Closed/Sold.

Right now there are 93 lovely properties available in Lake Oswego!

Here is the latest breakdown according to RMLS:

NEW Sept 6-12, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
100 KERR PKWY #2	$199,000	2	2	822	CONDO
316 CERVANTES CIR #316	$220,000	2	1	832	CONDO
4000 CARMAN DR, C44	$260,000	2	2	866	CONDO
68 WHEATHERSTONE CT	$549,900	4	3.1	2465	CONDO
26 PREAKNESS CT	$663,000	2	1.1	1654	ATTACHD
16624 ROOSEVELT AVE	$699,900	3	2	2802	DETACHD
4085 BUCK BRUSH LN	$729,000	3	2	2489	DETACHD
4104 LAKEVIEW BLVD	$849,000	4	2	2244	DETACHD
180 IRON MOUNTAIN BLVD	$1,495,000	5	4	3378	DETACHD
1839 PALISADES LAKE CT	$1,499,000	4	3.1	4570	DETACHD
3330 CEDAR CT	$1,649,000	4	3.1	4467	DETACHD

PENDING Sept 6-12, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
79 OSWEGO SMT / Upper	$239,000	2	2	1212	CONDO	2
200 BURNHAM RD #402	$355,000	2	2	1305	CONDO	10
210 S STATE ST #9	$525,000	3	2.1	1642	CONDO	19
12572 BOONES FERRY RD	$525,000	4	2	1577	DETACHD	113
17902 TAMARA AVE	$569,900	4	2	2082	DETACHD	59
17830 SW TUALATA AVE	$595,000	3	2	1373	DETACHD	30
825 OAK ST	$595,000	3	2	1335	DETACHD	4
656 3RD ST	$675,000	3	2	1200	DETACHD	5
12363 CLARA LN	$699,999	3	1	1390	DETACHD	3
1571 WOODLAND TER	$715,000	3	2	2400	DETACHD	121
20 DA VINCI ST	$799,900	5	3	3089	DETACHD	1
48 SPINOSA	$799,900	4	3.1	2848	DETACHD	33
6413 MCDUFF CT	$1,035,000	3	2.1	3091	DETACHD	3
17151 WALL ST	$1,099,000	6	4	4141	DETACHD	79
5349 CARMAN GROVE LN	$1,298,000	4	3	2903	DETACHD	22
2420 PRESTWICK RD	$1,420,000	6	3.1	3723	DETACHD	73
4715 FIRWOOD RD	$1,452,561	4	3	3586	DETACHD	4
2088 CREST DR	$6,995,000	4	6.1	8259	DETACHD	91

SOLD Sept 6-12, 2021

Address	Opening	Closed	# Beds	# Baths	Total SF	Prop Type	CDOM
12826 Boones Ferry RD	$445,000	$434,000	2	2.1	1182	CONDO	6
15115 QUARRY RD	$725,000	$650,000	4	3	2865	DETACHD	19
457 LAUREL ST	$650,000	$660,000	3	3	2264	DETACHD	14
6666 SW CHILDS RD	$750,000	$725,000	3	1	2408	DETACHD	8
12 MORNINGVIEW LN	$730,000	$730,000	3	2.1	2718	ATTACHD	4
13366 AUBURN CT	$750,000	$735,000	3	2.1	2492	ATTACHD	11
49 DA VINCI ST	$739,000	$772,000	3	2	2351	DETACHD	26
1430 LARCH ST	$815,000	$800,000	3	3	2312	DETACHD	7
5466 BAY CREEK DR	$789,000	$820,000	3	3	2535	DETACHD	4
1672 HIGHLAND DR	$699,900	$825,000	4	2	1867	DETACHD	4
18360 TUALATA AVE	$845,000	$891,000	5	2.1	2703	DETACHD	10
1739 PALISADES TERRACE DR	$1,095,000	$975,000	4	2.1	3654	DETACHD	33
16750 PHANTOM BLUFF CT	$899,000	$975,000	3	3	2267	DETACHD	2
4750 UPPER DR	$1,149,000	$1,035,000	5	3.1	3091	DETACHD	125
2011 RIDGEWOOD LN	$999,900	$1,050,000	5	3.1	3115	DETACHD	75
4721 FIRWOOD RD	$1,425,000	$1,449,995	4	3	3236	DETACHD	0
2950 GREENTREE RD	$1,495,000	$1,495,000	4	3.1	3691	DETACHD	8
2167 WEMBLEY PARK RD	$1,750,000	$1,780,000	4	3.1	4015	DETACHD	9
13217 AMBER PL #1`	$1,650,000	$2,000,000	4	3.1	3861	DETACHD	474

September 5, 2021September 5, 2021

History of Labor Day

Labor Day pays tribute to the contributions and achievements of American workers and is traditionally observed on the first Monday in September. It was created by the labor movement in the late 19th century and became a federal holiday in 1894 under President Grover Cleveland.

Peter J. McGuire, a carpenter and labor union leader and Matthew Maguire were the two who who came up with the idea for Labor Day. They thought American workers should be honored with their own day. Peter was the vice president of the American Federation of Labor and Matthew was secretary of the Central Labor Union in New York. Some stories say these men with similar last names were actually brothers. In any case, they chose a date midway between the Fourth of July and Thanksgiving. The weather would be ideal for parades and picnics, two events we still enjoy on Labor Day today. They proposed his idea to New York’s Central Labor Union early in 1882, and they thought the holiday was a good idea, too. This holiday was in response to a series of worker strikes in the late 19th century as workers protested against unfair working conditions.

The first Labor Day holiday was celebrated on Tuesday, September 5, 1882, in New York City, in accordance with the plans of the Central Labor Union. The Central Labor Union held its second Labor Day holiday just a year later, on September 5, 1883.

***Data from: earthsky.org, history.com, americaslibrary.com, Wikipedia, NY Times

September 4, 2021September 11, 2022

Market Activity ~ Aug 30-Sept 5, 2021

This last week in Lake Oswego we had 12 Properties enter the market, 27 go Pending (Accepted Offers) and 30 Closed/Sold. There are 80 wonderful homes for sale in Lake Oswego right now.

NEW Aug 30-Sept 5, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
4 TOUCHSTONE #157	$224,900	2	2	984	CONDO
200 BURNHAM RD #402	$355,000	2	2	1305	CONDO
750 1ST ST / Upper	$615,900	2	2	1350	CONDO
656 3RD ST	$675,000	3	2	1200	DETACHD
6472 SW DAWN ST	$695,000	3	2	1032	DETACHD
4848 LOWER DR	$822,000	4	3	2531	DETACHD
658 BOCA RATAN DR	$967,000	4	3.1	3593	DETACHD
17001 WESTVIEW DR	$968,500	3	2	2005	DETACHD
6413 MCDUFF CT	$1,035,000	3	2.1	3091	DETACHD
16164 PARKER RD #1	$1,395,000	5	4	3257	DETACHD
548 4TH ST	$1,524,900	3	4.1	3186	ATTACHD
1913 CHERYL CT	$1,895,000	4	4.1	5341	DETACHD

PENDING Aug 30-Sept 5, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
100 KERR PKWY, #31	$185,000	1	1	617	CONDO	5
100 KERR PKWY, #43	$214,900	2	2	823	CONDO	41
36 CRESTFIELD CT / Upper	$279,900	2	1	921	CONDO	48
4000 CARMAN DR E70	$299,900	2	2	974	CONDO	3
4652 LOWER DR / Upper	$350,000	2	1.1	1170	CONDO	4
5101 JEAN RD	$475,000	3	1	1012	DETACHD	5
16691 BONAIRE AVE	$499,900	3	1	1110	DETACHD	3
5711 MCEWAN RD	$565,000	3	2	1467	DETACHD	10
8 BOLIVAR ST	$640,000	2	2	2149	DETACHD	3
16 WALKING WOODS DR	$649,000	3	2.1	2897	DETACHD	11
14 PREAKNESS CT	$669,000	2	2.1	2190	ATTACHD	6
3065 ROYCE WAY	$750,000	4	2.1	2726	DETACHD	46
15509 PARTRIDGE DR	$789,900	4	3	2299	DETACHD	3
4545 BLACK FOREST CT	$799,000	4	2.1	2168	DETACHD	2
759 TIMBERLINE DR	$835,000	4	3	2928	DETACHD	70
19431 KOKANEE CT	$849,900	4	2.1	2214	DETACHD	4
17994 SAINT CLAIR DR	$900,000	5	2.1	3916	DETACHD	3
920 YORK RD	$985,000	4	3	2026	DETACHD	2
2936 SW ORCHARD HILL PL	$989,000	4	2.1	4089	DETACHD	61
4261 COBB WAY	$1,089,000	4	3	2362	DETACHD	1
13536 STREAMSIDE DR	$1,150,000	4	3.1	3033	DETACHD	7
15776 INVERURIE RD	$1,299,000	3	2	2352	DETACHD	74
14495 PFEIFER DR	$1,299,900	4	3	3944	DETACHD	21
4531 WEST RD	$1,429,000	3	3.1	3926	DETACHD	54
16650 FIR LN	$1,898,000	4	3.1	3860	DETACHD	8
929 CUMBERLAND RD	$2,495,000	5	6.1	5129	DETACHD	3
1199 FAIRWAY RD	$3,498,000	4	4.2	5527	DETACHD	33

SOLD Aug 30-Sept 5, 2021

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE #69	$220,000	$220,000	3	2.1	1351	CONDO	33
5058 FOOTHILLS DR, A	$420,000	$418,000	3	2	1252	CONDO	8
1 PEACOCK PL	$529,000	$500,000	3	2.1	1336	DETACHD	30
17500 PILKINGTON RD	$460,000	$500,000	2	1	1050	DETACHD	8
13198 PETERS RD	$695,000	$677,750	3	2.1	2630	DETACHD	29
605 7TH ST	$775,000	$750,000	2	1	2035	DETACHD	3
4 SHERWOOD CT	$825,000	$757,000	4	2.1	2870	DETACHD	16
16901 LAKERIDGE DR	$729,000	$762,500	4	3	2080	DETACHD	3
1033 SPRUCE ST	$765,000	$775,000	3	2.1	1663	DETACHD	4
18260 Indian Creek DR	$759,000	$790,000	3	2	2082	DETACHD	11
17730 MARYLBROOK DR	$850,000	$840,000	3	2.1	2951	DETACHD	14
17211 ROBB PL	$790,000	$840,000	3	2	2085	DETACHD	5
491 COUNTRY CLUB RD	$865,000	$850,000	4	2	2486	DETACHD	97
14121 REDWOOD CT	$969,900	$867,500	4	3.1	2827	DETACHD	24
4987 BILFORD LN	$799,900	$890,000	3	2.1	2302	DETACHD	5
19531 RIVER RUN DR	$899,900	$975,000	4	2.1	2440	DETACHD	5
13060 SW ELK ROCK RD	$1,178,000	$1,100,000	4	3	3681	DETACHD	9
13207 DEERFIELD CT	$1,175,000	$1,125,000	4	3.1	3801	DETACHD	35
17543 LAKE HAVEN DR	$1,185,000	$1,125,000	4	2.1	2333	DETACHD	9
12730 ADRIAN CT	$1,295,000	$1,178,000	4	2.1	3014	DETACHD	24
5428 ROYAL OAKS DR	$1,200,000	$1,200,000	6	3.1	4994	DETACHD	7
4210 VIRGINIA WAY	$1,549,000	$1,365,000	4	4.1	3508	DETACHD	58
151 3RD ST #1	$1,499,000	$1,475,000	3	2.1	3278	CONDO	37
2805 SOUTHSHORE BLVD	$1,300,000	$1,553,050	2	2.1	2623	DETACHD	3
3155 UPPER DR	$1,599,900	$1,720,000	4	3	3297	DETACHD	1
2165 RIDGE POINTE DR	$2,100,000	$1,828,000	5	4	4749	DETACHD	29
2572 GLEN EAGLES PL	$2,595,000	$2,300,000	5	4.2	6532	DETACHD	107
18000 EASTRIDGE LN	$2,495,000	$2,495,000	4	4.1	5610	DETACHD	6
17575 S CRESTLINE DR	$3,500,000	$2,925,000	5	4.2	7496	DETACHD	48
3328 LAKEVIEW BLVD	$6,398,000	$6,175,000	4	5.1	6675	DETACHD	18

August 22, 2021September 11, 2022

News & Notes ~ July Numbers 2021

Here is your look at the latest numbers as released by RMLS for the overall Portland area and how Lake Oswego fits in just below.

Overview/Fluctuations ~ Market Data July 2021: Things typically start to slow a bit in July. We saw a change in the usual pattern last year with activity pushing through the summer months. This year there is still lots of activity, but for two months in a row we see prices in some areas looking like they *may* be showing signs of jockeying into some kind of stabilization. We’ll check again next month.

Inventory rose another .1% in July, so people are perhaps starting to reach the end of their “waiting-to-sell” ropes. We usually see an uptick in the fall after vacations, so again, we’ll take a look at the trend next month to see if there really is a pattern developing. If there is… I can only say it’s a pretty subdued one. Houses are still hard to come by driving higher prices. Rates are around 3.125%.

According to the RMLS Market Action Report for the Portland Metro Area, July 2021:

There were 4,267 New Listings in July 2021 increasing 0.7% over July 2020’s 4,236 and decreasing 0.7% from the previous month/June’s 4,298.
At 3,439, July 2021’s Closed Sales are up 1.4% from July 2020’s 3,391, dropping 1.1% from the previous month/June’s total of 3,477
At 3,534, June 2021’s Pending Sales decreased 8.3% from July 2020’s 3,656, and also dropped 5.1% from the previous month/June’s total of 3,534.
The Average Sale Price in July 2021 of $593,100 is up $90,800 from last year/July2020’s $502,300, and down $4,000. from the previous month/June’s $597,100.
The “Median” Sale Price (the price smack dab in the middle of all sales) in July 2021 of $522,000 rose $77,000 from last year/July 2020’s $445,000, and also increased $1,000 from the previous month/June’s $521,000.

LAKE OSWEGO:

165 Active Listings (June 146)
214 New Listings (June 262)
177 Pending Sales (June202)
184 Closed Sales (June 229)
Average Sale Price for July: $1,020,600 (June $1,018,100)
- 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.
19 Average Days on the Market (June 21)

August 19, 2021September 11, 2022

Market Activity ~ Aug 9-15, 2021

This last week we saw 10 properties enter the market, 31 move to Pending status (accepted offers) and 26 that Closed/Sold. This is the first time in awhile that I’ve not eliminated any “refreshed” properties from the “New” category…no need for refreshing, I suppose. Right now there are 90- beautiful homes available in Lake Oswego.

NEW Aug 9-15, 2021

Address	List Price	Beds	Baths	SF	Prop Type
210 S STATE ST #9	$535,000	3	2.1	1642	CONDO
17830 SW TUALATA AVE	$595,000	3	2	1373	DETACHD
26 BRIARWOOD RD	$665,000	4	3.1	2554	DETACHD
6666 SW CHILDS RD	$750,000	3	1	2408	DETACHD
16510 MAPLE CIR	$899,000	4	2.1	2295	DETACHD
5923 BAY POINT DR	$925,000	5	3	3187	DETACHD
4224 HAVEN ST	$1,199,950	5	2	2600	DETACHD
14495 PFEIFER DR	$1,299,900	4	3	3944	DETACHD
15012 TWIN FIR RD	$2,395,000	5	3.1	3845	DETACHD
1051 SW FOREST MEADOWS WAY	$4,149,000	6	6.1	5597	DETACHD

PENDING Aug 9-15, 2021

Address	List Price	Beds	Baths	SF	Prop Type	CDOM
4 TOUCHSTONE #62	$204,950	3	2.1	1351	CONDO	46
47 EAGLE CREST DR #41	$230,000	2	1	932	CONDO	14
4 TOUCHSTONE #74	$235,000	3	2.1	1351	CONDO	8
12848 BOONES FERRY RD	$425,000	2	2.1	1182	CONDO	0
12826 Boones Ferry RD	$445,000	2	2.1	1182	CONDO	6
41 ORIOLE LN	$500,000	2	2	1564	DETACHD	10
17 AQUINAS ST	$599,900	3	2	2139	DETACHD	6
4241 COBB WAY	$599,950	3	2	1484	DETACHD	8
18431 INDIAN CREEK DR	$635,000	4	2	1736	DETACHD	17
457 LAUREL ST	$650,000	3	3	2264	DETACHD	14
5795 LANGFORD LN	$659,000	2	2	1687	DETACHD	0
1672 HIGHLAND DR	$699,900	4	2	1867	DETACHD	4
2697 LOOKOUT CT	$720,000	3	2	2219	DETACHD	29
12 MORNINGVIEW LN	$730,000	3	2.1	2718	ATTACHD	4
16904 CHERRY CREST AVE	$759,000	3	2	2167	DETACHD	2
5466 BAY CREEK DR	$789,000	3	3	2535	DETACHD	4
1580 WOODLAND TER	$835,000	3	2.1	2430	DETACHD	4
18360 TUALATA AVE	$845,000	5	2.1	2703	DETACHD	10
14121 REDWOOD CT	$885,000	4	3.1	2827	DETACHD	24
16750 PHANTOM BLUFF CT	$899,000	3	3	2267	DETACHD	2
41 TOUCHSTONE	$920,000	4	3	3090	DETACHD	21
18430 PILKINGTON RD	$1,095,000	4	3	3021	DETACHD	77
5316 CHILDS RD	$1,097,770	6	2.1	3847	DETACHD	318
12730 ADRIAN CT	$1,195,000	4	2.1	3014	DETACHD	24
14360 UPLANDS DR	$1,230,000	4	3.2	2577	DETACHD	16
17467 WESTVIEW DR	$1,275,000	4	3.1	4119	DETACHD	4
2950 GREENTREE RD	$1,495,000	4	3.1	3691	DETACHD	8
2442 PALISADES CREST DR	$1,598,000	4	2.1	3071	DETACHD	4
855 G AVE	$2,000,000	3	2.1	3710	DETACHD	17
1889 HIGHLANDS LOOP	$5,499,000	5	6.1	6832	DETACHD	20
3328 LAKEVIEW BLVD	$6,398,000	4	5.1	6675	DETACHD	18

SOLD AUG 9-15, 2021

Address	Opening	Closed	Beds	Baths	SF	Prop Type	CDOM
39 OSWEGO SMT	$269,000	$280,500	2	2	1212	CONDO	3
4041 JEFFERSON PKWY	$289,000	$300,000	1	1.1	1060	CONDO	4
1367 BONNIEBRAE DR	$399,000	$400,000	2	1.1	1008	ATTACHD	2
1509 BONNIEBRAE DR	$482,900	$507,000	3	2.1	1739	ATTACHD	6
23 FALSTAFF ST	$649,000	$600,000	3	2	1435	DETACHD	38
5051 TUALATA LN	$714,900	$640,000	4	2	1581	DETACHD	37
5880 ROCKWOOD CT	$656,500	$680,000	3	2	1772	DETACHD	2
18811 REAO CT	$639,900	$705,000	3	2.1	1916	DETACHD	7
18426 SANDPIPER WAY	$688,000	$705,000	4	3	1884	DETACHD	5
537 COUNTRY CLUB RD	$849,000	$760,000	3	2	1901	DETACHD	93
13041 THOMA RD	$770,000	$760,000	3	2.1	2418	DETACHD	4
1811 KILKENNY DR	$758,000	$780,000	4	3	3794	DETACHD	0
32 MORNINGVIEW CIR	$750,000	$799,000	3	2.1	2718	DETACHD	7
1672 LAKE FRONT RD	$650,000	$805,000	3	2	1768	DETACHD	5
2440 OVERLOOK DR	$879,900	$825,000	4	3	3850	DETACHD	15
5895 SUNCREEK DR	$749,000	$910,000	4	2	2379	DETACHD	5
17 WESTRIDGE DR	$875,000	$935,000	4	3.2	3533	DETACHD	11
3830 TEMPEST DR	$999,995	$937,000	3	2.1	3099	DETACHD	22
16933 GREENTREE AVE	$874,900	$975,000	4	2.1	2276	DETACHD	28
1931 PARK FOREST CT	$1,025,000	$1,085,000	6	4.1	4107	DETACHD	6
17649 WOODHURST PL	$1,198,000	$1,120,000	5	4.1	5669	DETACHD	103
4440 UPPER DR	$1,899,000	$1,850,000	4	3.1	3583	DETACHD	42
18783 STAFFORD RD	$2,295,000	$1,875,000	5	4.2	5757	DETACHD	147
1978 EGAN WAY	$2,198,000	$2,095,150	4	5.2	6761	DETACHD	64
18098 PILKINGTON RD	$2,199,000	$2,277,000	4	5.1	6680	DETACHD	6
3183 DOUGLAS CIR	$3,450,000	$3,450,000	4	4.1	5595	DETACHD	0

August 9, 2021August 10, 2021

Someone’s Got to Do It!

Monday, August 9th is Realtor Day at the Street of Dreams. Dianne and I decided to get a jump on everything and visited a day early. I know she wants to do a post on trends, so I won’t share the most fun pictures with you, but here we are as real human Realtors doing the hard investigative work for YOU!

Here is Dianne in very good hands (sorry…couldn’t resist : )

Again… we work hard for you.

Dianne hated this bathroom ; )

AND we’re learning that (as we wipe our brows) we really need to avail ourselves of the help that has become so common in all of our lives. (So bougie…)

Lastly, with all that energy we save by not having to mow our lawns, we can now relax with a few of our best moves on the court.

Seriously, it was a lovely day. Dianne and I get to see a lot of homes obviously, but its always a treat to see the latest trends in layout, materials, fixtures & colors. As I mentioned, Dianne will be covering these trends, so I’ll let her share the meaty stuff, but I will say that it is very worth your while this year. Here is a link to get your ticket! You may visit 10AM-9PM through August 22nd. They’re closed Mondays & Tuesdays. CLICK HERE