Lake Oswego Real Estate Blog
Moving into a New Year, Dianne and I wish you hopefully some extra time to relax with family and friends, and a festive & safe New Year’s Celebration as we welcome the wonders that 2023 will bring us all…(“What could it be???…so exciting!” : )
Happy New Year to all our Property Blotter readers! We’ll catch you up on all the Lake Oswego Real Estate Happenings next week.
Whether you celebrate Christmas, Kwanzaa, Hanukkah, Solstice or a combination, Dianne and I wish you a peaceful & cozy holiday filled with warmth and loved-ones.
We’re taking a little break as we always do, and will catch you up with all the happenings in a couple of weeks.
Happy Holidays!
Linda and Dianne
This is our monthly look at the overall Portland area and neighborhoods including Lake Oswego broken out below:
Overview/Fluctuations ~ November Market Data:
Inventory continues to increase and prices remain somewhat stable with many areas/neighborhoods of Portland rising from the previous month & some lowering a bit. Actual activity dropping in New Listings, Accepted Offers (Pendings) & Closed Sales from both the previous month (seasonal) & last year (likely adjusting for interest rate fluctuations).
“Real Estate remains the #1 asset class as a protection against inflation.” Brian Buffini
Rates: “Rates have been improving with inflation pressures easing. Right now 30-year fixed rates are in the low 6% range.” Gary Boyer, Regional VP, Directors Mortgage
According to the RMLS Market Action Report for the Portland Metro Area-Nov 2022:
LAKE OSWEGO (November 2022):
173 Active Listings (Oct 177)
73 New Listings (Oct 101)
48 Pending Sales (Oct 93)
69 Closed Sales (Oct 96)
Average Sale Price for Nov: $1,003,400 (Oct $933,800)
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.
42 Days on the Market (Oct 38)
Last week lake Oswego had 2 properties enter the market, 1 move to Pending status and 12 Sold/Closed. Right now there are 103 properties available ranging in price from $260,000 to $7,650,000.
Here is the breakdown according to RMLS:
NEW Nov 28-Dec 4, 2022
| Address | List Price | Beds | Baths | SF | Prop Type |
| 757 C AVE | $1,499,900 | 4 | 3 | 2948 | DETACHD |
| 548 4TH ST | $1,535,000 | 3 | 4.1 | 3186 | ATTACHD |
PENDING Nov 28-Dec 4, 2022
| Address | List Price | Prop Type | SF | Beds | Baths | Days |
| 7200 CHILDS RD | $975,000 | DETACHD | 2988 | 4 | 4 | 15 |
SOLD Nov 28-Dec 4, 2022
| Address | Opening | Closed | Beds | Baths | SF | Prop Type | Days |
| 4 TOUCHSTONE #147 | $200,000 | $150,000 | 3 | 2.1 | 1351 | CONDO | 0 |
| 4 TOUCHSTONEn #105 | $210,000 | $210,000 | 2 | 2 | 984 | CONDO | 3 |
| 112 OSWEGO SMT /Upper | $325,000 | $315,000 | 2 | 2 | 1212 | CONDO | 13 |
| 4 SUMMIT RIDGE CT | $499,900 | $440,000 | 2 | 2.1 | 1576 | ATTACHD | 93 |
| 6426 FROST ST | $699,900 | $675,000 | 4 | 3 | 2276 | DETACHD | 17 |
| 6136 FERNBROOK CIR | $759,000 | $759,000 | 3 | 2 | 1448 | DETACHD | 5 |
| 17608 SYDNI CT | $799,900 | $775,000 | 4 | 2.1 | 2466 | ATTACHD | 126 |
| 18706 BRYANT RD | $789,900 | $780,000 | 3 | 2.1 | 2489 | DETACHD | 6 |
| 314 2ND ST | $850,000 | $890,000 | 3 | 3.1 | 1814 | CONDO | 9 |
| 5550 JEAN RD | $1,790,000 | $1,450,000 | 4 | 4.1 | 3001 | DETACHD | 107 |
| 548 4TH ST | $1,535,000 | $1,535,000 | 3 | 4.1 | 3186 | ATTACHD | 0 |
| 17312 BERGIS FARM DR | $1,920,000 | $1,827,500 | 4 | 4.2 | 4804 | DETACHD | 0 |
This is our monthly look at the overall Portland area and neighborhoods including Lake Oswego broken out below:
Overview/Fluctuations ~ October Market Data: It’s fascinating to me as I take a look at this enigmatic market. Assessing neighborhoods (or areas of Portland) is of more interest to me than “overall” numbers as I can see closer to the ground that way. I added a couple columns so that we can look at the previous month/September vs October as that is where we can truly gauge the ultra-current local shifts. As much as I hear speculations about Buyer abstinence & power shifts in the market, I see that Inventory is up, and prices are not really doing anything dramatic. Some neighborhoods actually saw price increases in October over September, and the Median prices holding show that when push comes to shove, the price ranges people had in mind in Sept held firm in October. This surprises me a little, and/but is heartening in the sense that it may indicate: folks are moving ahead w/life plans regardless, prices have stabilized, and perhaps an & an understanding that rates are temporary/there are options to change them down the road a bit.
Rates: “Inflation is showing signs of peaking which is good news for mortgage rates. 30-year fixed rates are in the mid 6’s right now.” Gary Boyer, Regional VP, Directors Mortgage
According to the RMLS Market Action Report for the Portland Metro Area-Oct 2022:
LAKE OSWEGO (October 2022):
177 Active Listings (Sep 208)
101 New Listings (Sep 143)
93 Pending Sales (Sep 102)
96 Closed Sales (Sep 104)
Average Sale Price for Aug: $933,800 (Sep $959,100)
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.
38 Days on the Market (Sep 37)
Dianne and I wish you and yours a holiday filled with those you love and all that makes you feel warmth and appreciation. We are so grateful to have you, this community and each other this holiday season and always.
Last week in Lake Oswego 11 properties entered the market, 10 move to Pending status, and 11 Closed/Sold. Right now there are 120 properties available ranging from $220,000 to 11.5 mil.
Here is the breakdown according to RMLS:
NEW Nov 14-20, 2022
| Address | List Price | # Beds | # Baths | SF | Prop Type |
| 4 TOUCHSTONE #147 | $200,000 | 3 | 2.1 | 1351 | CONDO |
| 86 KINGSGATE RD, G102 | $295,000 | 2 | 2 | 849 | CONDO |
| 1273 BOCA RATAN DR | $450,000 | 3 | 2 | 1398 | ATTACHD |
| 15960 SW LAKE FOREST BLVD | $624,900 | 3 | 1 | 1080 | DETACHD |
| 3 PERICLES | $725,000 | 4 | 2.1 | 2617 | DETACHD |
| 6450 FROST ST | $775,000 | 4 | 2.1 | 2216 | DETACHD |
| 17850 PILKINGTON RD | $875,000 | 3 | 2.1 | 3084 | DETACHD |
| 1451 GREENTREE CIR | $950,000 | 4 | 3.1 | 2328 | DETACHD |
| 4050 VIRGINIA WAY | $999,000 | 3 | 2 | 1344 | DETACHD |
| 765 10TH ST | $1,225,000 | 3 | 3 | 2526 | DETACHD |
| 19494 Lorna LN | $4,189,000 | 4 | 4.2 | 4806 | DETACHD |
PENDING Nov 14-20, 2022
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 4 TOUCHSTONE #147 | $200,000 | 3 | 2.1 | 1351 | CONDO | 0 |
| 86 CERVANTES CIR #10-B | $230,000 | 2 | 1.2 | 912 | CONDO | 48 |
| 112 OSWEGO SMT/Upper | $325,000 | 2 | 2 | 1212 | CONDO | 13 |
| 1273 BOCA RATAN DR | $450,000 | 3 | 2 | 1398 | ATTACHD | 3 |
| 4226 WOODSIDE CIR | $535,000 | 3 | 2 | 1578 | ATTACHD | 45 |
| 3 PERICLES | $725,000 | 4 | 2.1 | 2617 | DETACHD | 2 |
| 6450 FROST ST | $775,000 | 4 | 2.1 | 2216 | DETACHD | 3 |
| 5677 CHARLES CIR | $1,225,000 | 4 | 2.1 | 2962 | DETACHD | 97 |
| 13371 ATWATER LN | $1,899,000 | 4 | 3 | 4795 | DETACHD | 27 |
| 16885 FERNWOOD DR | $2,149,000 | 4 | 3.1 | 3753 | DETACHD | 43 |
SOLD Nov 14-20, 2022
| Address | Opening | Closed | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 17552 DEEMAR WAY | $475,000 | $535,000 | 3 | 1.1 | 1050 | DETACHD | 4 |
| 15235 BOONES WAY | $624,900 | $625,000 | 3 | 2 | 1686 | ATTACHD | 5 |
| 1105 HALLINAN CIR | $724,900 | $699,000 | 3 | 2 | 1612 | DETACHD | 16 |
| 2 CREEKSIDE TER | $849,900 | $849,900 | 4 | 2.1 | 2906 | DETACHD | 7 |
| 12 WALKING WOODS DR | $749,950 | $850,000 | 3 | 3 | 2224 | DETACHD | 2 |
| 860 LAKE FOREST DR | $998,000 | $864,000 | 5 | 2.1 | 2025 | DETACHD | 78 |
| 14400 TRILLIUM CT | $839,000 | $900,000 | 4 | 2.1 | 3193 | DETACHD | 4 |
| 625 3RD ST | $1,050,000 | $1,090,000 | 3 | 2.1 | 2645 | ATTACHD | 4 |
| 13218 DEERFIELD CT | $1,100,000 | $1,160,000 | 4 | 2.1 | 2860 | DETACHD | 5 |
| 13504 STREAMSIDE DR | $1,279,000 | $1,265,000 | 4 | 2.1 | 3486 | DETACHD | 94 |
| 3940 CANAL RD | $1,500,000 | $1,500,000 | 4 | 3.1 | 3983 | DETACHD | 2 |
Thank you. To all those who have served to protect our precious Freedoms. 
Last week Lake Oswego saw 11 properties enter the market, 28 move to Pending status, and 8 Sold/Closed. Right now there are 119 homes available in Lake Oswego ranging from $235,000 to 11.5 mil.
Here is the breakdown according to RMLS:
NEW Oct 31-Nov 6, 2022
| Address | List Price | Beds | Baths | SF | Prop Type |
| 4 TOUCHSTONE #105 | $210,000 | 2 | 2 | 984 | CONDO |
| 38 CERVANTES CIR | $249,500 | 2 | 1.1 | 912 | CONDO |
| 3433 MCNARY PKWY #806 | $305,000 | 2 | 2.1 | 1136 | CONDO |
| 112 OSWEGO SMT | $325,000 | 2 | 2 | 1212 | CONDO |
| 210 S STATE ST #5 | $365,000 | 2 | 1 | 1339 | CONDO |
| 16200 PACIFIC HWY #5 | $530,000 | 2 | 2 | 1207 | CONDO |
| 5 GOYA ST | $680,000 | 4 | 2.1 | 2586 | DETACHD |
| 643 4TH ST | $925,000 | 2 | 2 | 1453 | DETACHD |
| 2020 WEMBLEY PARK RD | $949,000 | 3 | 2 | 1712 | DETACHD |
| 3056 WEMBLEY PARK RD | $1,350,000 | 4 | 2.1 | 2611 | DETACHD |
| 17327 WESTVIEW DR | $2,495,000 | 4 | 4 | 4008 | DETACHD |
PENDING Oct 31-Nov 6, 2022
| Address | List Price | Beds | Baths | SF | Prop Type | Days |
| 17552 DEEMAR WAY | $475,000 | 3 | 1.1 | 1050 | DETACHD | 4 |
| 1728 BOCA RATAN DR | $509,000 | 3 | 2 | 1485 | ATTACHD | 2 |
| 15235 BOONES WAY | $624,900 | 3 | 2 | 1686 | ATTACHD | 5 |
| 1105 HALLINAN CIR | $699,000 | 3 | 2 | 1612 | DETACHD | 16 |
| 12 WALKING WOODS DR | $749,950 | 3 | 3 | 2224 | DETACHD | 2 |
| 17608 SYDNI CT | $775,000 | 4 | 2.1 | 2466 | ATTACHD | 126 |
| 18706 BRYANT RD | $789,900 | 3 | 2.1 | 2489 | DETACHD | 6 |
| 14400 TRILLIUM CT | $839,000 | 4 | 2.1 | 3193 | DETACHD | 4 |
| 17810 KELOK RD | $845,000 | 3 | 2 | 1557 | DETACHD | 9 |
| 314 2ND ST | $850,000 | 3 | 3.1 | 1814 | CONDO | 9 |
| 860 LAKE FOREST DR | $889,000 | 5 | 2.1 | 2025 | DETACHD | 78 |
| 72 TOUCHSTONE | $899,900 | 4 | 3 | 3908 | DETACHD | 28 |
| 4051 VIRGINIA WAY | $999,000 | 4 | 2 | 1903 | DETACHD | 49 |
| 625 3RD ST | $1,050,000 | 3 | 2.1 | 2645 | ATTACHD | 4 |
| 13218 DEERFIELD CT | $1,100,000 | 4 | 2.1 | 2860 | DETACHD | 5 |
| 5524 KODERRA AVE | $1,100,000 | 3 | 2.1 | 2957 | DETACHD | 113 |
| 5677 CHARLES CIR | $1,225,000 | 4 | 2.1 | 2962 | DETACHD | 69 |
| 1454 GLENMORRIE DR | $1,350,000 | 3 | 2.1 | 3345 | DETACHD | 7 |
| 5550 JEAN RD | $1,499,000 | 4 | 4.1 | 3001 | DETACHD | 107 |
| 3940 CANAL RD | $1,500,000 | 4 | 3.1 | 3983 | DETACHD | 2 |
| 853 E AVE | $1,850,000 | 3 | 3.1 | 2839 | DETACHD | 22 |
| 17312 BERGIS FARM DR | $1,920,000 | 4 | 4.2 | 4804 | DETACHD | 0 |
| 285 BERWICK RD | $1,950,000 | 3 | 3.1 | 2560 | DETACHD | 3 |
| 16873 CANYON DR | $1,980,000 | 4 | 4 | 3632 | DETACHD | 48 |
| 4241 COBB WAY | $1,999,000 | 4 | 3.1 | 3292 | DETACHD | 26 |
| 21 D #4 | $2,067,000 | 2 | 2.1 | 2431 | CONDO | 333 |
| 1625 CLOVERLEAF RD | $2,199,000 | 4 | 4 | 3853 | DETACHD | 67 |
| 707 LAKE SHORE RD | $2,795,000 | 3 | 3.1 | 2992 | DETACHD | 112 |
SOLD Oct 31-Nov 6, 2022
| Address | Opening | Closed | Beds | Baths | SF | Prop Type | Days |
| 1172 BOCA RATAN DR | $580,000 | $580,000 | 3 | 2 | 1611 | ATTACHD | 20 |
| 131 DEL PRADO ST | $665,000 | $715,000 | 3 | 3 | 2145 | DETACHD | 3 |
| 490 BOCA RATAN DR | $849,000 | $770,000 | 3 | 2 | 2108 | DETACHD | 95 |
| 19125 OLSON AVE | $1,125,000 | $1,125,000 | 4 | 2.1 | 3828 | DETACHD | 3 |
| 1 JUAREZ ST | $1,245,000 | $1,130,000 | 3 | 2.1 | 3388 | DETACHD | 23 |
| 17637 WOODHURST PL | $1,299,000 | $1,267,000 | 5 | 4.1 | 4833 | DETACHD | 106 |
| 732 LAKE FOREST DR | $1,500,000 | $1,600,000 | 3 | 2 | 2865 | DETACHD | 3 |
| 842 6TH ST | $1,850,000 | $1,875,000 | 4 | 3.1 | 3840 | DETACHD | 5 |
Well, it’s that time again! In Oregon we enjoy a time-tested voting system including mailed ballots, email notifications/tracking and convenient dropboxes located in most neighborhoods. Lake Oswego’s Drop Box locations are:
– City Hall, 380 A Avenue – located on the upper parking lot near the main (A Avenue) entrance.
– Westlake Park, 14165 Bunick Drive – located south of the covered park area on the lane that connects to Melrose Street. These boxes are secure, available 24/7 & will remain open till 8PM on Election Day, Tues Nov 8th.
Happy voting everyone!