We wish you New Beginnings and All Good & Beautiful Things this Welcome Spring Season~
Happy Easter!
Market Activity ~ March 22-28, 2021
Last week, Lake Oswego had 8 properties enter the market, 22 move to Pending status, and 18 Close. Currently there are 74 lovely homes available on the market!
The following is the activity according to RMLS:
NEW March 22-28, 2021
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 5316 LOWER DR | $699,000 | 3 | 2.1 | 2016 | DETACHD |
| 282 ASH ST | $780,000 | 4 | 2.1 | 2791 | DETACHD |
| 4750 UPPER DR | $1,149,000 | 5 | 3.1 | 3091 | DETACHD |
| 885 10TH ST | $1,150,000 | 4 | 2.1 | 2633 | DETACHD |
| 18958 BRYANT RD | $1,199,900 | 4 | 2.1 | 3178 | DETACHD |
| 2065 RIDGE POINTE DR | $1,495,000 | 5 | 4 | 4790 | DETACHD |
| 16847 GREENBRIER RD | $2,700,000 | 3 | 2.1 | 2360 | DETACHD |
| 1745 SOUTHSHORE BLVD | $3,495,000 | 4 | 4.1 | 5545 | DETACHD |
PENDING March 22-28, 2021
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 47 EAGLE CREST DR, #51 | $180,000 | 1 | 1 | 670 | CONDO | 13 |
| 22 OSWEGO SMT / Grnd | $189,900 | 1 | 1 | 764 | CONDO | 2 |
| 125 OSWEGO SMT / Lower | $198,000 | 1 | 1 | 764 | CONDO | 3 |
| 6310 BURMA RD | $499,000 | 3 | 1.1 | 1052 | DETACHD | 7 |
| 4185 CHILDS RD | $535,000 | 3 | 1.1 | 1175 | DETACHD | 5 |
| 4555 WILDWOOD ST | $650,000 | 3 | 2 | 1565 | DETACHD | 6 |
| 4917 MULHOLLAND DR | $678,000 | 2 | 2.1 | 2403 | ATTACHD | 10 |
| 33 TOUCHSTONE | $699,900 | 5 | 4 | 3854 | DETACHD | 5 |
| 28 MORNINGVIEW CIR | $730,000 | 3 | 3.1 | 2895 | DETACHD | 15 |
| 692 2ND ST | $759,900 | 3 | 1 | 2140 | DETACHD | 17 |
| 2941 SW ORCHARD HILL PL | $784,900 | 5 | 3.1 | 3446 | DETACHD | 4 |
| 545 RIDGEWAY RD | $818,000 | 3 | 2.1 | 2110 | DETACHD | 3 |
| 2552 PALISADES CREST DR | $975,000 | 4 | 2.1 | 3176 | DETACHD | 12 |
| 19230 BRYANT RD | $1,060,000 | 8 | 4.5 | 3441 | DETACHD | 289 |
| 144 LEONARD ST | $1,279,000 | 4 | 3.1 | 3552 | DETACHD | 6 |
| 15003 TWIN FIR RD | $1,295,000 | 4 | 3.1 | 2941 | DETACHD | 7 |
| 19305 HILL TOP RD | $1,375,000 | 4 | 3.1 | 5116 | DETACHD | 208 |
| 17990 RIDGE LAKE DR | $1,445,000 | 5 | 3.1 | 3897 | DETACHD | 21 |
| 1799 ATHERTON DR | $1,629,000 | 5 | 5.1 | 6280 | DETACHD | 10 |
| 13217 AMBER PL, #1 | $1,849,000 | 4 | 3.1 | 3861 | DETACHD | 402 |
| 16777 PHANTOM BLUFF CT | $1,995,000 | 4 | 2.2 | 5045 | DETACHD | 14 |
| 1300 FOREST MEADOWS WAY | $4,098,000 | 5 | 4.2 | 5974 | DETACHD | 46 |
SOLD March 22-28, 2021
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 5057 FOOTHILLS DR / Upper | $335,000 | $345,000 | 2 | 2 | 1252 | CONDO | 3 |
| 72 GREENRIDGE CT | $425,000 | $425,000 | 3 | 3 | 1824 | ATTACHD | 3 |
| 1790 CONIFER DR | $539,000 | $520,000 | 2 | 1 | 1003 | DETACHD | 13 |
| 5091 TUALATA LN | $625,000 | $702,500 | 3 | 2 | 1500 | DETACHD | 6 |
| 5172 GREENSBOROUGH CT | $739,000 | $724,000 | 4 | 2.1 | 2184 | DETACHD | 102 |
| 2 MOZARTEUM CT | $744,900 | $780,000 | 4 | 2.1 | 2192 | DETACHD | 5 |
| 18018 GIMLEY CT | $820,000 | $859,000 | 4 | 3 | 3637 | DETACHD | 2 |
| 13983 WESTCOTT CT | $898,900 | $925,000 | 4 | 2.1 | 2792 | DETACHD | 4 |
| 2574 PALISADES CREST DR | $975,000 | $935,000 | 5 | 2.2 | 4563 | DETACHD | 22 |
| 13204 DEERFIELD CT | $1,050,000 | $1,030,000 | 4 | 2.1 | 3406 | DETACHD | 4 |
| 3815 SOUTHSHORE BLVD | $875,000 | $1,067,000 | 4 | 2 | 2638 | DETACHD | 4 |
| 116 MIDDLECREST RD | $1,390,000 | $1,225,000 | 4 | 3 | 2545 | DETACHD | 38 |
| 17680 Stafford RD | $1,299,000 | $1,317,000 | 5 | 2.1 | 3804 | DETACHD | 185 |
| 639 CARRERA LN | $1,350,000 | $1,320,000 | 4 | 3.1 | 4447 | DETACHD | 16 |
| 4288 LAKEVIEW BLVD | $1,250,000 | $1,487,000 | 3 | 2 | 2016 | DETACHD | 5 |
| 892 8TH ST | $1,450,000 | $1,515,000 | 4 | 3.1 | 2872 | DETACHD | 7 |
| 17313 BLUE HERON RD | $1,998,500 | $1,892,500 | 4 | 3.1 | 3454 | DETACHD | 431 |
| 2950 Lakeview BLVD | $3,100,000 | $2,450,000 | 4 | 3.1 | 4299 | DETACHD | 190 |
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.
News & Notes ~ Feb 2021 Numbers
Here is your wider Portland Market Report according to RMLS data, with overall Neighborhood changes and Lake Oswego data broken out below.
Overview/Fluctuations ~ Market Data February 2021: Inventory is holding steady with one month of supply available. Competition is heavy, though we finally see more properties hitting the market now in March, which should alleviate that a little. Competition pushes prices up as you can see in the Neighborhood Report below comparing January & February prices. Rolling 12-month Appreciation rates in all areas are up.
Mortgage rates will be rising inspired by the economy’s steady recovery. Today’s rates are hovering around 3% or a little higher based on a number of factors, but most can “buy the rate down” a bit & get it lowered. My trusted Mortgage Advisors can give you more info.
According to the RMLS Market Action Report for the Portland Metro Area, Feb. 2021:
- There were 2,474 New Listings in Feb 2021 decreased 10.3% from Feb of 2020’s 2,759 and also dropped 4.1% from the previous month/January’s 2,579.
- At 1,978, Feb 2021’s Closed Sales are up 4.3% from Feb 2020’s 1,897, and also up 7.1% from the previous month/January’s total of 1,847
- At 2,208, Feb 2021’s Pending Sales are down 15% from Feb 2020’s 2,598, and also down 11.5% from the previous month/January’s total of 2,496.
- The Average Sale Price in Feb 2021 of $542,000 is up $84,100 from last year/Feb 2020’s $457,900, and up $27,300. from the previous month/January’s $514,700.
- The “Median” Sale Price (the price smack dab in the middle of all sales) in Feb 2021 of $470,100 rose $63,100 from last year/Feb 2020’s $407,000, and also increased 10,100 from the previous month/January’s $460,000.
LAKE OSWEGO
The combined areas of Lake Oswego and West Linn for the month of February 2021 reported:
- 82 Active Listings (Jan 84)
- 97 New Listings (Jan 112)
- 92 Pending Sales (Jan 121)
- 92 Closed Sales (Jan 97)
- Average Sale Price for Feb: $876,900 (Jan $812,700)
- 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.
- 77 Average Days on the Market (Jan 46)
This Week In Lake Oswego
Lake Oswego is always chock full of all kinds of activities for its residents. Its really a marvel how, for so many years, such discerning attention is placed on producing a truly diverse array of programs for young, old and all interests. They are mostly virtual now for health & safety reasons, but some safe outdoor & distanced options are also peppered in there. Soon we’ll see the outdoor concerts return!
Here are my picks for what[s happening this week:
Mon, March 8, 2021- 7:15-7:45PM – How to Train Your Cat ~ Believe it or not cats can be trained! (they say… ; ) Every Monday/12 and up. Online – More Info & Registration: CLICK HERE
Tues, March 9 2021– 1:15-2:15PM – Gentle Yoga ~ Join this virtual class that repeats every Tuesday – More Info & Registration: CLICK HERE
Wed, March 10, 2021– 8:00AM – 10:00PM – Author/Fan Face-Off! ~ Each week, in this video series, a student will go head to head on 10 trivia questions from one of a featured author’s favorite books. This week the guest author is Varian Johnson and the featured book is The Great Green Heist Online – For More Info: CLICK HERE
Thurs, March 11, 2021– 6:00-7:30PM – Whole House Organizing~ Each week on Thursdays, Kaye Silver teaches participants to organize one category of household item, such as clothes. The following week participants share their results and learn about the next category, such as memorabilia. Online – More Info & Registration: CLICK HERE
Fri, March 12, 2021– 8:15AM-10:15PM – Essay Contest Deadline: Refugee & Immigrant Experience ~ 2021 MINORU YASUI STUDENT CONTEST “If there is suffering or pain that is unfairly imposed upon anyone, it’s my duty, it’s your duty to try to alleviate it, because that’s the way in which we gain a better life for all of us.” — Minoru Yasui . The Minoru Yasui Student Contest is proud to announce its 2021 essay competition on Refugee and Immigrant Experiences. We celebrate the ideas and opinions of students in grades 6 through 12 and challenge them to write an original and thoughtful essay exploring refugee or immigrant experiences. Online – More Info & Registration: CLICK HERE
Sat, March 13, 2021– 9:00AM-9:30AM – Saturday Sing-A-Long ~ Ages 3-5 sing their favorite Disney, folk & popular songs every Saturday! Online – More Info & Registration: CLICK HERE
Sun, March 14, 2021– 10:00AM-12:00PM – Stewardship Work Party at Woodmont Park ~ Plant native species in this new park with Friends of Woodmont Park! More Info & Registration: CLICK HERE
Market Activity ~ Feb 22-28, 2021
Last week we saw only 5 properties enter the market, 13 moved to Pending status and 20 Sold/Closed. There are 66 fabulous properties available right now in Lake Oswego! The market is very tight. This is the time of year we start to see properties hit the market so time will tell if we’ve got a wave of properties coming up, but for now, rates are low & inching higher… its a good time to call a skilled Realtor to help you secure a home. Dianne and I are always a phone, text or email away.
Here is the latest overview of activity in Lake Oswego according to RMLS:
NEW Feb 22-28, 2021
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 41 GREENRIDGE CT | $415,000 | 3 | 2.1 | 1652 | ATTACHD |
| 668 MCVEY AVE #33 | $499,000 | 2 | 1 | 852 | CONDO |
| 17994 SAINT CLAIR DR | $989,000 | 4 | 2.1 | 3689 | DETACHD |
| 5740 SW CHILDS RD | $1,550,000 | 5 | 3 | 5519 | DETACHD |
| 15780 TWIN FIR RD | $2,975,000 | 4 | 4.1 | 4270 | DETACHD |
Pending Feb 22-28, 2021
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 4 TOUCHSTONE #63 | $195,000 | 2 | 2 | 984 | CONDO | 1 |
| 1225 LEE ST | $520,000 | 3 | 1.1 | 1056 | DETACHD | 80 |
| 4832 REDWING WAY | $599,900 | 3 | 2 | 1472 | DETACHD | 3 |
| 17614 SCHALIT WAY | $650,000 | 3 | 2 | 1561 | DETACHD | 3 |
| 5172 GREENSBOROUGH CT | $719,000 | 4 | 2.1 | 2184 | DETACHD | 102 |
| 18 HOTSPUR ST | $750,000 | 4 | 2 | 2025 | DETACHD | 5 |
| 13983 WESTCOTT CT | $898,900 | 4 | 2.1 | 2792 | DETACHD | 4 |
| 2240 RIDGEWOOD RD | $939,000 | 4 | 3.1 | 2777 | DETACHD | 2 |
| 17311 CANYON DR | $1,079,000 | 6 | 3 | 5376 | DETACHD | 35 |
| 116 MIDDLECREST RD | $1,290,000 | 4 | 3 | 2545 | DETACHD | 38 |
| 419 7TH ST | $1,350,000 | 4 | 2.1 | 2813 | DETACHD | 11 |
| 667 LAKE BAY CT | $1,899,900 | 4 | 3.1 | 3616 | DETACHD | 36 |
| 1890 TWIN POINTS RD | $2,650,000 | 4 | 3.1 | 4274 | DETACHD | 535 |
Sold Feb 22-28, 2021
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 45 EAGLE CREST DR #210 | $199,000 | $198,000 | 1 | 1 | 780 | CONDO | 23 |
| 3812 BOTTICELLI ST | $319,995 | $310,000 | 3 | 2 | 1194 | CONDO | 41 |
| 241 CERVANTES Upper | $400,000 | $405,000 | 2 | 2 | 1382 | CONDO | 3 |
| 17095 WESTVIEW DR | $649,000 | $575,000 | 4 | 3 | 3356 | DETACHD | 90 |
| 1238 LAUREL ST | $524,900 | $600,000 | 3 | 2 | 1485 | DETACHD | 2 |
| 6210 CHILDS RD | $699,000 | $710,000 | 3 | 2 | 1433 | DETACHD | 2 |
| 1202 SPRUCE ST | $735,000 | $735,000 | 2 | 2.1 | 1706 | DETACHD | 84 |
| 6126 SW Frost LN | $759,000 | $745,000 | 5 | 3 | 2497 | DETACHD | 41 |
| 5185 WOODCREST LN | $835,000 | $825,000 | 3 | 2.1 | 2554 | DETACHD | 33 |
| 4850 LOWER DR | $825,000 | $825,000 | 4 | 3 | 2700 | DETACHD | 11 |
| 5173 WOODCREST LN | $850,000 | $905,000 | 5 | 3 | 3220 | DETACHD | 2 |
| 5513 RACHEL LN | $1,049,000 | $1,030,000 | 4 | 2.1 | 3335 | DETACHD | 29 |
| 17196 KELOK RD | $1,199,000 | $1,050,000 | 5 | 3.1 | 4384 | DETACHD | 169 |
| 3600 PIPER CT | $1,050,000 | $1,110,000 | 5 | 3.1 | 4549 | DETACHD | 4 |
| 1156 CHERRY LN | $1,345,000 | $1,175,000 | 5 | 3.1 | 4084 | DETACHD | 79 |
| 2120 GLENMORRIE DR | $1,298,000 | $1,298,000 | 4 | 3.1 | 4293 | DETACHD | 125 |
| 701 4TH ST | $1,499,000 | $1,450,000 | 3 | 2.1 | 2913 | DETACHD | 43 |
| 17495 KELOK RD | $1,600,000 | $1,475,000 | 3 | 2.1 | 3282 | DETACHD | 101 |
| 1188 CHERRY CIR | $2,198,000 | $2,050,000 | 5 | 6.1 | 8772 | DETACHD | 550 |
| 16649 MAPLE CIR | $3,095,000 | $2,730,875 | 4 | 3 | 2714 | DETACHD | 154 |
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.
News & Notes ~ Jan 2021 Numbers
Overview/Fluctuations ~ Portland Area Market Data Jan 2021:
The big story in January is that our Inventory increased from .8 to 1.0 months of supply. If you think that’s not much, you’re right! We continue to be at record lows in available homes. Last year in January we had 2.2 months of Inventory, which was low. The previous year (Jan 2019) we had 3.3 months of Inventory. So, the field is still competitive out there which means it is a terrific time to sell a home and if you’re buying, rates are still low hovering around 3.125, so better not to wait!
According to the RMLS Market Action Report for the Portland Metro Area, Jan. 2021:
- There were 2,579 New Listings in Jan 2021 decreased 6.4% from Jan of 2020’s 2,754, and increased 48.2% from the previous month/Dec’s 1,740.
- At 1,847, Jan 2021’s Closed Sales are up 11.1% from Jan 2020’s 1,663, and down 33.8% from the previous month/Dec 2020’s total of 2,789
- At 2,496, Jan 2021’s Pending Sales are up 9.9% from Jan 2020’s 2,271, and also up 24.6% from the previous month/Dec 2020’s total of 2,003.
- The Average Sale Price in Jan 2021 of $514,700 is up $51,700 from last year/Jan 2020’s $463,000, and up $700. from the previous month/Dec 2020’s $514,000.
- The “Median” Sale Price (the price smack dab in the middle of all sales) in Jan 2021 of $460,000 rose from last year/Jan 2020’s $406,000 by $54,000, and decreased 5,000 from the previous month/Dec 2020’s $455,000
LAKE OSWEGO
The combined areas of Lake Oswego and West Linn for the month of January 2021 reported:
- 84 Active Listings (Dec 114)
- 112 New Listings (Dec 73)
- 121 Pending Sales (Dec 110)
- 92 Closed Sales (Dec 137)
- Average Sale Price for Jan: $812,700 (Dec $845,700)
- 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.
- 46 Average Days on the Market (Dec 60)
Market Activity ~ Feb 8-14, 2021
This last week we saw 6 properties come onto the market, 15 move to Pending status, and 7 Closed/Sold. There are currently a whopping 47 homes on the market in Lake Oswego.
NEW Feb 8-14, 2021
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 3930 LAKE GROVE AVE, #1B | $215,000 | 2 | 1 | 956 | CONDO |
| 5091 TUALATA LN | $625,000 | 3 | 2 | 1500 | DETACHD |
| 4846 LOWER DR | $812,900 | 5 | 3 | 2655 | DETACHD |
| 1255 Bickner ST | $1,235,000 | 4 | 2.1 | 2764 | DETACHD |
| 419 7TH ST | $1,350,000 | 4 | 2.1 | 2813 | DETACHD |
| 769 4TH ST | $1,965,000 | 5 | 3.1 | 3922 | DETACHD |
PENDING Feb 8-14, 2021
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 4000 CARMAN DR #47 | $259,900 | 2 | 2 | 993 | CONDO | 4 |
| 3433 MCNARY PKWY #501 | $269,900 | 2 | 2.1 | 1136 | CONDO | 3 |
| 1538 PINE ST | $515,000 | 3 | 2 | 1575 | DETACHD | 3 |
| 578 2ND ST | $539,900 | 2 | 2.1 | 1361 | PLNCOMM | 6 |
| 6210 CHILDS RD | $699,000 | 3 | 2 | 1433 | DETACHD | 2 |
| 5172 GREENSBOROUGH CT | $719,000 | 4 | 2.1 | 2184 | DETACHD | 86 |
| 4580 TRILLIUM WOODS | $739,900 | 3 | 2.1 | 1992 | ATTACHD | 10 |
| 876 SUNNY HILL DR | $850,000 | 4 | 2.1 | 2164 | DETACHD | 4 |
| 2318 HILLSIDE LN | $899,995 | 5 | 3.1 | 3258 | DETACHD | 8 |
| 2574 PALISADES CREST DR | $975,000 | 5 | 2.2 | 4563 | DETACHD | 22 |
| 13204 DEERFIELD CT | $1,050,000 | 4 | 2.1 | 3406 | DETACHD | 4 |
| 5686 LA MESA CT | $1,225,000 | 4 | 3.1 | 3840 | DETACHD | 1 |
| 16364 IVY LN | $1,445,950 | 5 | 3.1 | 4862 | DETACHD | 282 |
| 892 8TH ST | $1,450,000 | 4 | 3.1 | 2872 | DETACHD | 7 |
| 743 6TH ST | $1,915,000 | 5 | 3.1 | 3922 | DETACHD | 254 |
SOLD Feb 8-14, 2021
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 47 EAGLE CREST DR #50 | $210,000 | $208,650 | 2 | 1 | 932 | CONDO | 37 |
| 16 AQUINAS ST | $525,000 | $555,000 | 3 | 2.1 | 1720 | DETACHD | 1 |
| 3595 UPPER DR | $629,000 | $645,000 | 3 | 2 | 1420 | DETACHD | 4 |
| 4515 OAKRIDGE RD | $685,000 | $685,000 | 3 | 2.1 | 1981 | ATTACHD | 54 |
| 1111 C AVE | $1,549,000 | $1,500,000 | 4 | 3.1 | 3354 | DETACHD | 141 |
| 1547 GLENMORRIE DR | $1,995,000 | $1,910,000 | 4 | 3.1 | 4042 | DETACHD | 129 |
| 4357 SOUTHSHORE BLVD | $2,995,000 | $2,600,000 | 5 | 5.1 | 5220 | DETACHD | 152 |
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.
This Week in Lake Oswego
February is Black History Month and the Lake Oswego Library in particular offers special Virtual Events all month long focusing on Black History and Racial Awareness.
Here are my picks for happenings in Lake Oswego this week:
Mon, Feb 8, 2021- 7:00-8:00PM – The Origination Points & Role of Race in a Caste System ~ Bill de la Cruz will discuss the role of race in perpetuating a caste system of division. He will talk about the narratives and mindsets of superiority and its effects on socializing stereotypes and perceived inferior groups. Online – More Info & Registration: CLICK HERE
Tue, Feb 9, 2021 – 7:00-8:00PM – Ralph Ellison and Race in America~ John Callahan will explore race in America through author Ralph Ellison’s work – fiction, essays, and letters. Professor Emeritus of Humanities, and Literary Executor to the Ralph Ellison Estate, Callahan earned his BA from the University of Connecticut and his M.A. and PhD from the University of Illinois. Callahan joined the faculty at Lewis & Clark College in Portland, Oregon in 1967 and taught there for 48 years, retiring in 2015. Online – More Info & Registration: CLICK HERE
Wed, Feb 10, 2021 – 7:30-9:00PM (Every Wed)- VIRTUAL Mindfulness Meditation: Pain Management ~ More Info & Reg: CLICK HERE
Thu, Feb 11, 2021 7:00-8:00PM – Racial Hygeine in Nazi Germany~ Professor Maureen Healy of the Department of History at Lewis & Clark College will examine the legal avenues through which the Nazi regime excluded Jews from German society in the 1930s. Online – CLICK HERE
Fri , Feb 12, 2021: 10:0AM-12:00PM, Abstract Painting for Adults (Every Fri) ~ Join in with this virtual class offered every Friday ~ Online- More Info & Registration : CLICK HERE
Sat , Feb 13 2021: 10:00AM-11:00AM, Introduction to Magic (Ages 7-12) ~ Using simple items found around the house, Professor Dr Schreiber, The Historical Conjurer, teaches you magic at your home! More Info & Registration: CLICK HERE
Sun, Feb 14, 2021- 4:00-10:00PM (Every Sunday/18 yrs & over) – Adult Coed 7v7 Soccer League ~ Help restore 50 acres of treasured natural habitat. Bring a shovel, pruners, gloves and a container of water. -Hazelia Field, 17800 SW Stafford Rd- More Info & Registration: CLICK HERE
Market Activity ~ Jan 25-31, 2021
We logged 4 New Listings, 21 (not bad for a rainy week) moving to Pending status, and 6 Properties Sold/Closed last week. Here’s the breakdown according to RMLS data:
NEW Jan 25-31, 2021
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 4580 TRILLIUM WOODS | $739,900 | 3 | 2.1 | 1992 | ATTACHD |
| 1920 Park Forest AVE | $1,125,000 | 3 | 3 | 2679 | DETACHD |
| 1483 WOODLAND TER | $1,199,999 | 5 | 4 | 3135 | DETACHD |
| 1870 TWIN POINTS RD | $2,895,000 | 4 | 4.1 | 4649 | DETACHD |
PENDING Jan 25-31, 2021
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 16250 PACIFIC HWY #50 | $284,000 | 2 | 2 | 1305 | CONDO | 2 |
| 16250 PACIFIC HWY #73 | $319,000 | 2 | 2 | 1305 | CONDO | 87 |
| 16250 PACIFIC HWY #59 | $319,000 | 2 | 2 | 1305 | CONDO | 9 |
| 750 1ST ST, E34 | $335,000 | 2 | 2 | 1350 | CONDO | 3 |
| 18667 SW BENFIELD AVE | $485,000 | 4 | 2 | 1414 | DETACHD | 5 |
| 1790 CONIFER DR | $524,900 | 2 | 1 | 1003 | DETACHD | 13 |
| 28 AQUINAS ST | $529,000 | 3 | 2 | 1960 | DETACHD | 6 |
| 17095 WESTVIEW DR | $649,000 | 4 | 3 | 3356 | DETACHD | 90 |
| 4361 SOUTHSHORE BLVD | $819,000 | 4 | 3 | 2441 | DETACHD | 75 |
| 1780 YARMOUTH CIR | $845,000 | 3 | 2.1 | 2307 | DETACHD | 0 |
| 17596 GREEN BLUFF DR | $959,900 | 4 | 2.1 | 3039 | DETACHD | 75 |
| 5900 SUNCREEK DR | $999,000 | 5 | 2.1 | 3942 | DETACHD | 4 |
| 3600 PIPER CT | $1,050,000 | 5 | 3.1 | 4549 | DETACHD | 4 |
| 19125 35TH PL | $1,114,900 | 4 | 4.1 | 5153 | DETACHD | 257 |
| 2120 GLENMORRIE DR | $1,298,000 | 5 | 3.1 | 4293 | DETACHD | 115 |
| 639 CARRERA LN | $1,350,000 | 4 | 3.1 | 4447 | DETACHD | 16 |
| 312 9TH ST | $1,350,000 | 3 | 2.1 | 2686 | DETACHD | 103 |
| 3175 DOUGLAS CIR | $1,425,000 | 4 | 3.2 | 5400 | DETACHD | 3 |
| 13701 KNAUS RD | $1,849,000 | 5 | 4.1 | 5730 | DETACHD | 2 |
| 14080 GOODALL RD | $2,095,000 | 6 | 4.2 | 6005 | DETACHD | 23 |
| 1340 CHERRY LN | $2,145,000 | 4 | 4.2 | 5922 | DETACHD | 9 |
SOLD Jan 25-31, 2021
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 5859 KENNYCROFT WAY | $499,900 | $511,000 | 3 | 1.1 | 1205 | DETACHD | 4 |
| 1599 OAK ST | $664,900 | $655,000 | 4 | 2.1 | 2468 | DETACHD | 31 |
| 4584 TRILLIUM WOODS | $739,900 | $715,000 | 3 | 2.1 | 2179 | ATTACHD | 44 |
| 18064 JENIFERS WAY | $930,000 | $895,000 | 5 | 3 | 2965 | DETACHD | 44 |
| 6429 Mission CT | $1,165,000 | $1,184,000 | 4 | 3.1 | 3182 | DETACHD | 277 |
| 16337 CHAPIN WAY | $2,599,000 | $2,270,000 | 5 | 4.1 | 5115 | DETACHD | 71 |
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.
News & Notes ~ Dec 2020 Year-End Report
Here is your look at the most recent data for the entire Portland area (Dec2020 + Year-End) and how Lake Oswego fits in to this picture just below.
Overview/Fluctuations ~ Market Data Dec 2020:
Inventory is now at a stunning 0.8 months of supply in the Portland area. So… still lower than its ever been and getting lower, apparently, with Buyers out en force competing over existing Properties for sale. Rates right now are hovering at or a little under 3.0%.
The twelve months of 2019 compared to 2020:
New Listings, (38,442) decreased 5.2%. Pending Sales (32,849) increased 7.9%, and Closed Sales (32,031) increased 7.8%.
By Comparison, Twelve months of 2018 as compared to 2019 from last year’s December report read: New Listings (40,579) decreased 1.7%, Pending Sales (30,430) increased 2.1% and Closed Sales (29,700) decreased 0.2%.
According to the RMLS Market Action Report for the Portland Metro Area, Dec. 2020:
- There were 1,740 New Listings in Dec 2020 increased 37% from Dec of 2019’s 1,270, and decreased a whopping 22.3% from the previous month/Nov’s 2,238.
- At 2,789, Dec 2020’s Closed Sales are up 26% from Dec 2019’s 2,213, and also up 1.6% from the previous month/Nov 2020’s total of 2,745
- At 2,003, Dec 2020’s Pending Sales are up 13% from Dec 2019’s 1,772, and dropped 21.7% from the previous month/Nov 2020’s total of 2,557.
- The Average Sale Price in Dec 2020 of $514,000 is up $56,300 from last year/Dec2019’s $457,700, and down $7,200 from the previous month/Nov 2020’s $521,200. YTD increase is 7.6%.
- The “Median” Sale Price (the price smack dab in the middle of all sales) in Dec 2020 of $455,000 rose from last year/Dec2019’s $405,000 by $50,000, and decreased 2,000 from the previous month/Nov 2020’s $457,000. YTD increase is 7.3%.
LAKE OSWEGO:
The combined areas of Lake Oswego and West Linn for the month of December 2020 reported:
- 114 Active Listings (Nov 177) (Dec 2019: 223)
- 73 New Listings (Nov 104) (Dec 2019: 50)
- 110 Pending Sales (Nov 106) (Dec 2019: 70)
- 137 Closed Sales (Nov 166) (Dec 2019: 107)
- Average Sale Price for Dec: $845,700 (Nov $822,000) (Dec 2019: $732,400)
- 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.
- 60 Average Days on the Market (Nov 50)