Lake Oswego Real Estate Blog
All About Lake Oswego, Oregon real estate topics
From Dianne and I and our families to yours, we wish you a warm and satisfying celebration with your Loved ones. We all have so much to be thankful for… We’ll start: Dianne and I are thankful for you!
Enjoy.
~ Happy Thanksgiving ~
Last week as we’re all getting ready for Thanksgiving festivities, there were also homes being Sold and being placed on the market! A total of 5 properties entered the market, 9 moved to Pending status, and 13 Closed/Sold. Right now there are 190 properties available ranging from $169,900 to $8,800,000.
Here is the breakdown:
NEW Nov 18-24, 2024
| Address | List Price | Beds | Baths | SF | Prop Type |
| 5053 FOOTHILLS DR, C | $395,000 | $3 | 2 | 1252 | CONDO |
| 1 WALKING WOODS DR | $500,000 | $3 | 2.1 | 2264 | DETACHD |
| 2820 DELLWOOD DR | $825,000 | $3 | 2 | 2446 | DETACHD |
| 1463 GREENTREE CIR | $899,900 | $4 | 2.1 | 2048 | DETACHD |
| 8 PIMLICO TER | $995,000 | $5 | 3 | 3120 | DETACHD |
PENDING Nov 18-24, 2024
| Address | List Price | Beds | Baths | SF | Prop Type | Days |
| 16643 SW ROOSEVELT AVE | $650,000 | $4 | 2 | 2222 | DETACHD | 25 |
| 84 KINGSGATE RD | $689,900 | $3 | 2.1 | 1701 | DETACHD | 121 |
| 4582 TRILLIUM WOODS | $799,000 | $3 | 2.1 | 1927 | ATTACHD | 25 |
| 2820 DELLWOOD DR | $825,000 | $3 | 2 | 2446 | DETACHD | 1 |
| 53 TOUCHSTONE | $910,000 | $4 | 2.1 | 2779 | DETACHD | 226 |
| 15112 QUARRY RD | $1,695,000 | $6 | 4.1 | 3953 | DETACHD | 138 |
| 1228 MAPLE ST | $2,097,000 | $4 | 3.1 | 3505 | DETACHD | 601 |
| 1960 MAPLELEAF RD | $2,145,000 | $5 | 5.1 | 4099 | DETACHD | 678 |
| 4375 SOUTHSHORE BLVD | $10,500,000 | $5 | 5.1 | 6147 | DETACHD | 9 |
SOLD Nov 18-24, 2024
| Address | Opening | Closed | Beds | Baths | Prop Type | SF | Days |
| 141 Oswego Summit / Upper | $275,000 | $260,000 | $2 | 2 | CONDO | 1140 | 207 |
| 512 S STATE ST #512 | $325,000 | $297,925 | $1 | 1 | CONDO | 829 | 20 |
| 6313 ALYSSA TER | $500,000 | $494,000 | $3 | 2.1 | ATTACHD | 1534 | 58 |
| 360 CERVANTES CIR | $245,000 | $557,600 | $2 | 1 | CONDO | 832 | 7 |
| 5325 OAKRIDGE RD | $550,000 | $660,050 | $4 | 2 | DETACHD | 1201 | 5 |
| 6336 FROST ST | $795,000 | $770,000 | $4 | 3 | DETACHD | 2200 | 7 |
| 4912 Hampton CT | $799,950 | $785,000 | $3 | 2.1 | DETACHD | 2039 | 3 |
| 19 CHURCHILL DOWNS | $925,000 | $885,000 | $4 | 3 | DETACHD | 2175 | 34 |
| 16904 GREENTREE AVE | $920,000 | $885,000 | $4 | 3 | DETACHD | 3356 | 58 |
| 5754 CHARLES CIR | $950,000 | $940,000 | $3 | 2.1 | DETACHD | 2604 | 6 |
| 14260 UPLANDS DR | $1,595,000 | $1,570,000 | $4 | 3 | DETACHD | 2924 | 2 |
| 2366 PALISADES CREST DR | $1,650,000 | $1,650,000 | 4 | 3 | DETACHD | 3422 | 8 |
| 2065 LILLI LN | $1,750,000 | $1,750,000 | 6 | 3.1 | DETACHD | 4457 | 75 |
November 29th, 3-7pm, Millennium Plaza will be the location for the 60th annual holiday tree lighting festival.
Activities include photos with Santa, Timberview Farm Reindeer, sweet trees, music, caroling, and over 40 vendors. The lighting of the Millennium Tree will happen at 5:30.
It’s a great way to kick off the season!
Closed sales and pending sales are holding strong with 16 closed sales and 12 pending sales in Lake Oswego last week. This is a reflection of folks being motivated to get into their new home before the holidays. Active listings have dropped off to just 6. One of those sold quickly and appears in this report as a pending sale.
See below for RMLS data.
| Address | Type | Price | Bedrooms | Baths | Sq Feet |
| 4 Touchstone #110 | Condo | $270,000 | 2 | 2 | 989 |
| 5061 Foothills Dr B | Condo | $419,000 | 2 | 2 | 1077 |
| 5722 Fernbrook Way | Detached | $715,000 | 3 | 2 | 1580 |
| 333 6th St | Detached | $2,325,000 | 4 | 3.5 | 3605 |
| 1289 Chandler Rd | Detached | $5,100,000 | 4 | 4.5+.5 | 5451 |
| Address | Type | Price | Bedrooms | Baths | Sq Feet | DOM |
| 5 Crestfield Ct | Condo | $285,000 | 2 | 1 | 921 | 16 |
| 6313 Alyssa Ter | Attached | $499,000 | 3 | 2.5 | 1534 | 58 |
| 5320 Chinook Ct | Detached | $575,000 | 3 | 1.5 | 1008 | 97 |
| 1277 Hallinan Cir | Detached | $649,000 | 3 | 2 | 1242 | 6 |
| 1471 Greentree Cir | Detached | $899,900 | 4 | 2.5 | 2128 | 91 |
| 4737 Lakeview Blvd | Detached | $949,000 | 4 | 2.5 | 2673 | 50 |
| 5364 Denton Dr | Detached | $1,250,000 | 4 | 2.5 | 3143 | 3 |
| 18440 Delenka Ln | Detached | $1,350,000 | 4 | 3.5 | 4696 | 28 |
| 5464 Southwood Dr | Detached | $1,450,000 | 5 | 3 | 3687 | 16 |
| 14260 Uplands Dr | Detached | $1,595,000 | 4 | 3 | 2924 | 2 |
| 3131 Westview Ct | Detached | $1,899,996 | 4 | 4.5 | 4597 | 52 |
| 17575 Crestline Dr | Detached | $3,898,000 | 5 | 4.5+.5 | 7240 | 85 |
| Address | Type | List Price | Closed Price | Sq Feet | CDOM |
| 100 Kerr Pkwy #24 | Condo | $207,000 | $150,000 | 617 | 46 |
| 4000 Carman Dr D57 | Condo | $319,900 | $291,000 | 836 | 7 |
| 5061 Foothills Dr #87 | Condo | $419,000 | $400,000 | 991 | 8 |
| 5225 Jean Rd #501 | Condo | $445,000 | $440,000 | 1500 | 8 |
| 16538 Carnegie Ave | Detached | $589,900 | $520,000 | 1189 | 41 |
| 5512 Childs Rd | Detached | $729,900 | $604,000 | 1928 | 224 |
| 6355 Dawn St | Detached | $625,000 | $610,000 | 1268 | 113 |
| 27 Oriole Ln | Detached | $675,000 | $650,000 | 1851 | 33 |
| 5437 Heritage Ln | Detached | $775,000 | $759,000 | 1619 | 62 |
| 18434 Sandpiper Cir | Detached | $824,900 | $824,900 | 1849 | 7 |
| 3853 Carman Dr | Detached | $1,075,000 | $1,088,094 | 2531 | 5 |
| 5651 La Mesa Ct | Detached | $1,170,000 | $1,175,000 | 2718 | 1 |
| 1507 Cedar St | Detached | $1,249,000 | $1,200,000 | 2590 | 21 |
| 10 Sherwood Ct | Detached | $1,575,000 | $1,320,000 | 3289 | 116 |
| 2990 Glen Eagles Rd | Detached | $1,495,000 | $1,500,000 | 3787 | 3 |
| 17160 Wall St | Detached | $1,899,000 | $1,799,000 | 3305 | 86 |
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
Today we awake in the same great community we fell asleep in. Over our history as a community we’ve consistently demonstrated our ability to come together, lead by example, respectfully engage in civil dialogue and care for one another as neighbors. We’re a community of mixed political beliefs but many shared values, and today, just like every day, our neighbors are counting on us to continuing supporting one another as we make Lake Oswego a community every resident feels safe and at home in, where we enhance the natural environment for future generations, where local businesses can thrive and where our kids receive an incredible education.
I’m grateful to Lake Oswego voters for another term as your mayor. In that role my first priority is to ensure our community is safe and healthy for everyone in it. The impact we all have locally from the love we hold for our City and one another as neighbors transcends any national rhetoric meant to divide and instill fear. As Oswegans we stand united behind ensuring a positive future for our City, in protecting every one of our neighbors and in standing up for what’s right and just. I look forward to walking hand and hand with you all and my colleagues on the City Council as we work toward many more shared accomplishments in the years ahead! Congratulations to Councilors Mboup, Verdick and Rapf on their re-elections and to State Rep. Daniel Nguyen on his! Our community has good people representing it thanks to you all as voters.
Joe Buck, 11/6/24
Sally Harman and Frank Gruner will be conducting a benefit concert on October 20th to benefit the victims of Hurricane Helene.
Sally and Frank have been fixtures in the music scene in Lake Oswego for years. My daughter introduced me to Sally when she was attending Lakeridge Middle School. She’s now 38 years old, so that was some time ago. Sally did a lot of volunteering at the school and my daughter really connected with her.
She and Frank perform classical and Jazz. They are wonderful!
Attendees are asked to make donations to Hurrican Helene relief efforts.
The concert will be held at the United Methodist Church, 1855 Southshore Blvd, at 4:00pm on October 20th.
It will be a fun event and, hopefully, go a long way to help others in desperate need right now.
Dianne
Living in Lake Oswego is an experience of community. That’s why we post these little snippets of activities offered by various groups! Here are my picks for what to do this coming week in Lake Oswego:
Oct 7, 2024 – 10:30 AM ~ Early Childhood Music and Movement In Mandarin Chinese (Repeats on Mondays )- This outstanding program is for young learners ages 2-5 ranging from little or no to high levels of fluency in Mandarin. The series includes movement, play, instruments and stories and is sponsored by the Friends of the Lake Oswego Public Library and admission is free/first come/first served. 706 Fourth St, Lake Oswego ~ CLICK HERE
Tues, Oct 8 , 2024 – 2:30-4:30 PM ~ Slow Jam (Repeats Tuesdays) – Come & enjoy playing music with others! Bring your instrument and make some musical friends. – ACC, 505 G Avenue Lake Oswego More Info: CLICK HERE
Wed, Oct 9 – 5:30PM-7:00PMPM ~Happy Hour Yoga ~ The more the merrier at this yoga + wine event ~Millennium Park Plaza, Lake Oswego ~ More Info : CLICK HERE
Thurs, Oct 10, 2024 – 6:00-7:00 PM ~Teen Advisory Board ~ Discuss volunteer projects and programming ideas (e.g. book groups, movie nights, etc.). ~ Lake Oswego Library ~ More Info : CLICK HERE
Fri, Oct 11, 2024 – 7:00-9:00 PM ~ Living Well Dance featuring the Millennium Dance Band. ~ Come dance to music from the 30’s 40’s and 50’s with ballroom classics. All ages invited. $7.00 at the door. ~CCP, 1060 Chandler Rd~ More Info: CLICK HERE
Sat, Oct 12, 2024 – 3:00PM-4:00PM – Lego Club~ Imagine, build and create! Lego bricks provided. Recommended for ages K-5. Creations will be displayed for 2 weeks. ~ Lake Oswego Library, Childrens’ Library~ More Info : CLICK HERE
Last week Lake Oswego welcomed 12 properties into the marketplace, saw 5 move to Pending status and 12 that Sold/Closed.
Right now there are 219 properties available in Lake Oswego ranging from $185,000 to $11,900,000.
Here is the breakdown:
NEW Sept 30-Oct 6, 2024
| Address | List Price | Beds | Baths | SF | Prop Type |
| 44 EAGLE CREST DR #19 | $245,000 | 2 | 1 | 908 | CONDO |
| 25 CRESTFIELD CT / Lower | $314,900 | 2 | 2 | 995 | CONDO |
| 4000 CARMAN DR, D57 | $319,900 | 2 | 2 | 836 | CONDO |
| 5061 FOOTHILLS DR / Upper | $419,000 | 2 | 2 | 991 | CONDO |
| 4312 BOTTICELLI ST / B #8 | $485,000 | 2 | 2.1 | 2285 | ATTACHD |
| 4912 Hampton CT | $799,950 | 3 | 2.1 | 2039 | DETACHD |
| 18100 BRYANT RD | $1,050,000 | 3 | 1.1 | 1804 | DETACHD |
| 5651 LA MESA CT | $1,170,000 | 4 | 2.1 | 2718 | DETACHD |
| 18440 DELENKA LN | $1,350,000 | 4 | 3.1 | 4696 | DETACHD |
| 15459 VILLAGE DR | $1,499,000 | 4 | 3.1 | 3049 | DETACHD |
| 15007 TWIN FIR RD | $1,800,000 | 4 | 3.1 | 3075 | DETACHD |
| 13560 Goodall RD #7 | $5,495,000 | 4 | 5.1 | 5964 | DETACHD |
PENDING Sept 30-Oct 6, 2024
| Address | List Price | Beds | Baths | SF | Prop Type | Days |
| 4 TOUCHSTONE DR #147 | $330,000 | 3 | 2.1 | 1351 | CONDO | 27 |
| 2651 LOOKOUT CT | $759,000 | 5 | 2.1 | 2472 | DETACHD | 62 |
| 1029 LAUREL ST | $1,175,000 | 5 | 3.1 | 3208 | DETACHD | 108 |
| 1960 MAPLELEAF RD | $2,145,000 | 5 | 5.1 | 4099 | DETACHD | 628 |
| 16819 ALLEN RD | $6,950,000 | 4 | 3.1 | 4882 | DETACHD | 59 |
SOLD/CLOSED Sept 30-Oct 6, 2024
| Address | Opening | Closed | Beds | Baths | SF | Prop Type | Days |
| 4638 LOWER DR / Main | $310,000 | $307,500 | 2 | 1.1 | 1260 | CONDO | 45 |
| 110 GREENRIDGE CT | $649,900 | $527,000 | 3 | 2.1 | 2868 | ATTACHD | 74 |
| 4324 WOODSIDE CIR | $579,000 | $579,000 | 2 | 2 | 1210 | ATTACHD | 5 |
| 454 5TH ST | $680,000 | $677,500 | 2 | 1.1 | 1092 | CONDO | 3 |
| 710 TIMBERLINE DR | $825,000 | $780,000 | 4 | 3 | 2642 | DETACHD | 81 |
| 1795 OAK ST | $950,000 | $864,731 | 4 | 3.1 | 3632 | DETACHD | 25 |
| 14190 AMBERWOOD CIR | $1,000,000 | $1,000,000 | 4 | 3 | 3154 | DETACHD | 0 |
| 4487 WESTBAY RD | $1,200,000 | $1,200,000 | 3 | 2 | 1869 | DETACHD | 0 |
| 309 10TH ST | $1,200,000 | $1,200,000 | 5 | 3 | 4520 | DETACHD | 0 |
| 5254 WESTFIELD CT | $1,295,000 | $1,300,000 | 4 | 2.1 | 3346 | DETACHD | 5 |
| 16337 CHAPIN WAY | $2,600,000 | $1,990,000 | 5 | 4.1 | 5115 | DETACHD | 156 |
| 4688 UPPER DR | $2,150,000 | $2,085,000 | 4 | 3.1 | 3962 | DETACHD | 26 |
Mark your calendars for Thursday, September 5th, 5 to 7pm. This free event is designed to help you and your family be prepared for emergency events such as earthquakes, floods, winter storms, and other disasters. As far off as these sorts of events may seem. They do happen.
My family and I went through a terrible winter storm last January. Our house lost power for 5 days when temperatures were a low a 16 degrees and didn’t get above freezing for 3 days straight. It was tough, but we got through it while remaining in our home to safeguard it from freezing pipes and to care for our pets. With proper equipment, we did fine.
This week’s Emergency Preparedness Fair will feature 20 booths plus programs and activities. This year will include The Big Shaker, the world’s largest mobile earthquake simulator. The Pacific Northwest is overdue for “the big one”. The area has a history of magnitude 9 earthquakes. It has happened here, and it will again.
Now is the time to think about and plan for these events. This is a great opportunity to prepare yourself and your family. The event will take place at city hall, 380 A Avenue.
Dianne
Here is your breakdown from the previous month/July for Portland and surrounding areas including LO broken out at the bottom. ***Be sure to check out the Neighborhood Report which categorizes down into smaller pieces.
July typically slows as folks are out of town on vacation and picks back up again in mid August. Average Sale Prices during the month of July in most all areas of Portland took a dip as homeowners competed for a smaller pool of Buyers, and Median Sale Prices (middle range-point) stayed essentially the same. Inventory is inching up, and people are generally anticipating the lowering of rates to come, when I expect more to be willing to part with their current home & move on to their next adventure.
Rates: “Good news on the inflation front is supporting the Fed cutting rates soon. Right now 30-year fixed rates are in the mid 6% range. Gary Boyer, Regional VP, Gold Star Mortgage Financial
According to the RMLS Market Action Report for the Portland Metro Area July 2024:
LAKE OSWEGO: (Month of July ’24)
337 Active Listings (Jun 316)
169 New Listings (Jun 173)
116 Pending Sales (Jun 107)
104 Closed Sales (Jun 98)
Average Sale Price for June: $1,156,200 (Jun $1.031,600)
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.
74 Days on the Market (Jun 48)
The data listed above is as reported by the Regional Multiple Listing Service (RMLS)