From our homes to yours, we wish you Peace & Joy this Holiday Season.
We’ll catch you up on all the numbers & activity in Lake Oswego after the First of the New Year!
A Warm And Cozy Holiday to You!
Companion Calls for Senior Citizens
There is a brand new program happening in Lake Oswego. It’s been organized by 7 volunteers at the Lake Oswego Adult Community Center. This program connects senior citizens with volunteers who make a weekly phone call to them to just have a nice, neighborly visit.
Paricularly in the time of Covid, people are feeling alone in their homes. Getting that phone call once a week can really brighten up a person’s life. I think the idea is just brilliant.
“We just chat about local stuff and stay connected to what’s going on in this beautiful city of ours” says coordinator Ross Fearey.
Referrals for potential recipiants to date have come from the Adult Community Center and also from Tony Sparling, the adult resources officer with the Lake Oswego Police Department.
If you or someone you know would benefit from participating in this program, call 503-636-5040 to make arrangements to receive regular calls.
News & Notes ~ Nov 2020 Numbers
Here is your look at the most recent data for the entire Portland area (Nov2020) and how Lake Oswego fits in to this picture just below.
Overview/Fluctuations ~ Market Data Nov 2020:
Inventory is now at 1.0 months of supply here, locally. The lowest it’s ever been. All forecasts are for continued increases in home sales and prices, though more modestly than 2020. Prediction #’s vary among economists. National Association of Realtors (NAR) is predicting a 7.3% increase in sales nationally in 2021. Interest rates are still hovering around 2.875% but are expected to rise, albeit not dramatically. One very interesting item I noted from the NAR information is that nationally, 1 in 6 home purchases is now “multi-generational”. So, how we live is changing in many ways: People are looking for more space to work from home, and generations are moving in together. There is generally more up-sizing than down-sizing going on.
According to the RMLS Market Action Report for the Portland Metro Area, Nov. 2020:
- There were 2,238 New Listings in Nov 2020 increased 5.7% from Nov of 2019’s 2,118, and decreased a whopping 36.3% from the previous month/Oct’s 3,515.
- At 2,745, Nov 2020’s Closed Sales are up 12.4% from Nov 2019’s 2,191, and decreased 13.0% from the previous month/Oct 2020’s total of 3,155
- At 2,557, Nov 2020’s Pending Sales are up 12.4% from Nov 2019’s 2,274, and dropped 20.1% from the previous month/Oct 2020’s total of 3,199.
- The Average Sale Price in Nov 2020 of $521,200 is up $58,600 from last year/Nov 2019’s $462,600, and is up $4,700 from the previous month/Oct 2020’s $516,500. YTD increase is 7.1%.
- The “Median” Sale Price (the price smack dab in the middle of all sales) in Nov 2020 of $457,000 rose from last year/Nov2019’s $415,000 by $42,000, and decreased $3,000 from the previous month/Oct 2020’s $460,000. YTD increase is 6.8%.
Neighborhoods: November’s Average Sale Price + 12-month Appreciation:
- North Portland: $480,600 6.2% (Oct $450,300) YTD Median: $431,000
- NE Portland: $508,700 5.0% (Oct $531,200) YTD Median: $455,000
- SE Portland: $478,200 8.1% (Oct $477,300) YTD Median: $409,000
- Gresham/Troutdale: $425,200 5.2% (Oct $412,900) YTD Median: $378,000
- Milwaukie/Clackamas: $510,700 7.7% (Oct $512,100) YTD Median: $450,000
- Oregon City/Canby: $506,300 6.5% (Oct $511,300) YTD Median: $440,500
- Lake Oswego/W Linn:$822,000 10.9% (Oct $756,600) YTD Median: $645,000
- West Portland: $650,400 5.1% (Oct $685,900) YTD Median: $550,000
- NW Wash County: $578,900 6.2% (Oct $595,600) YTD Median: $527,500
- Beaverton/Aloha: $449,100 5.2% (Oct $451,200) YTD Median: $417,000
- Tigard/Wilsonville: $528,200 9.5% (Oct $516,700) YTD Median: $479,000
- Hillsboro/Forest Grove: $444,400 5.6% (Oct $445,600)YTD Median: $410,000
LAKE OSWEGO:
- The combined areas of Lake Oswego and West Linn for the month of November 2020 reported:
- 177 Active Listings (Oct 213)
- 104 New Listings (Oct 197)
- 106 Pending Sales (Oct 193)
- 166 Closed Sales (Oct 173)
- Average Sale Price for Nov: $822,000 (Oct $756,600)
- 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.
- 50 Average Days on the Market (Oct 59)
Market Activity ~ Nov 30- Dec 6, 2020
This last week in Lake Oswego continues the trend we’ve been seeing of fewer homes being Listed (5) and more going Pending (17) & Sold (35). There are currently 106 homes available in Lake Oswego.
Here is a snapshot in time according to RMLS:
NEW: Nov 30-Dec 6, 2020:
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 1599 OAK ST | $664,900 | 4 | 2.1 | 2468 | DETACHD |
| 2145 SUMMIT DR | $1,000,000 | 4 | 2.2 | 3111 | DETACHD |
| 6485 MISSION CT | $1,165,000 | 4 | 3.1 | 3133 | DETACHD |
| 18460 RAY RIDGE DR | $1,249,000 | 4 | 2.1 | 3769 | DETACHD |
| 1200 LAKE GARDEN CT | $1,400,000 | 4 | 3 | 3347 | DETACHD |
PEN: Nov 30-Dec 6, 2020:
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 44 EAGLE CREST DR #17 | $199,900 | 1 | 1 | 798 | CONDO | 16 |
| 200 BURNHAM RD #303 | $253,000 | 2 | 1 | 1200 | CONDO | 144 |
| 4640 LOWER DR / Upper | $279,900 | 2 | 1.2 | 1170 | CONDO | 11 |
| 5071 TUALATA LN | $584,900 | 3 | 3 | 1540 | DETACHD | 22 |
| 17104 CANAL CIR | $650,000 | 3 | 2 | 1416 | DETACHD | 36 |
| 17095 WESTVIEW DR | $664,900 | 4 | 3 | 3354 | DETACHD | 32 |
| 5338 ROYAL OAKS DR | $819,000 | 4 | 2.1 | 2720 | DETACHD | 67 |
| 13456 PROVINCIAL HILL WAY | $840,000 | 3 | 2.1 | 3071 | DETACHD | 69 |
| 49 HILLSHIRE DR | $909,900 | 4 | 3.1 | 4268 | DETACHD | 113 |
| 1816 PALISADES LAKE CT | $1,150,000 | 3 | 2.1 | 4598 | DETACHD | 104 |
| 13310 FOX RUN | $1,150,000 | 4 | 3.1 | 3741 | DETACHD | 1006 |
| 18020 MEADOWLARK LN | $1,350,000 | 5 | 4 | 4217 | DETACHD | 4 |
| 490 G AVE | $1,450,000 | 4 | 3.1 | 2977 | DETACHD | 1 |
| 1111 C AVE | $1,469,000 | 4 | 3.1 | 3354 | DETACHD | |
| 4165 Childs RD | $1,549,900 | 3 | 2.1 | 3310 | DETACHD | 11 |
| 587 2ND ST / Upper | $1,575,000 | 2 | 2.1 | 2250 | CONDO | 40 |
| 4357 SOUTHSHORE BLVD | $2,945,000 | 5 | 5.1 | 5220 | DETACHD | 152 |
SLD: Nov 30-Dec 6, 2020
| Address | Opening Price | Closed Price | Bed | Bath | Total SF | Prop Type | CDOM |
| 344 CERVANTES CIR/Grnd | $223,000 | $223,000 | 2 | 1.1 | 921 | CONDO | 5 |
| 16377 KIMBALL ST | $389,000 | $360,000 | 3 | 1 | 1200 | DETACHD | 6 |
| 31 GREENRIDGE CT | $430,000 | $425,000 | 3 | 2.1 | 2012 | ATTACHD | 95 |
| 16246 PARKER RD | $479,900 | $480,000 | 3 | 2 | 1280 | DETACHD | 7 |
| 18275 TERRY CT | $439,900 | $490,000 | 3 | 1.1 | 1270 | DETACHD | 196 |
| 16242 INVERURIE RD | $519,000 | $526,200 | 3 | 2 | 1687 | DETACHD | 3 |
| 1705 CONIFER DR | $539,000 | $535,000 | 3 | 1.1 | 1850 | DETACHD | 11 |
| 77 GREENRIDGE CT | $584,900 | $571,000 | 3 | 2.1 | 2190 | ATTACHD | 11 |
| 769 4TH ST | $499,000 | $586,000 | 4 | 1 | 2000 | DETACHD | 4 |
| 15500 BOONES WAY | $535,000 | $590,000 | 3 | 2 | 1309 | DETACHD | 5 |
| 3102 DUNCAN DR | $799,000 | $670,000 | 4 | 3.1 | 3910 | DETACHD | 113 |
| 880 WOODWAY CT | $700,000 | $670,000 | 4 | 3 | 3800 | DETACHD | 30 |
| 221 HIDALGO ST | $710,000 | $679,000 | 3 | 2.1 | 2660 | DETACHD | 35 |
| 4045 MELISSA DR | $758,000 | $690,000 | 4 | 2.1 | 2529 | DETACHD | 40 |
| 15988 WHITE OAKS DR | $785,000 | $710,000 | 4 | 2.1 | 2854 | DETACHD | 41 |
| 4113 WOOD HILL CT | $745,000 | $710,000 | 4 | 3 | 2810 | DETACHD | 34 |
| 13881 SHIREVA DR | $695,000 | $720,000 | 4 | 3 | 2392 | DETACHD | 3 |
| 17841 WESTVIEW DR | $739,000 | $720,000 | 4 | 2.1 | 2434 | DETACHD | 20 |
| 634 CARRERA LN | $750,000 | $740,000 | 4 | 2.1 | 3282 | DETACHD | 4 |
| 1702 HIGHLAND DR | $779,000 | $744,000 | 3 | 2.1 | 2175 | DETACHD | 32 |
| 13947 MAJESTIC CT | $799,900 | $805,000 | 4 | 3.1 | 2822 | DETACHD | 3 |
| 15655 FIELDSTONE DR | $830,000 | $830,000 | 4 | 2.1 | 2781 | DETACHD | 2 |
| 13217 FOX RUN | $868,000 | $831,000 | 4 | 3 | 2706 | DETACHD | 40 |
| 19245 MEGLY CT | $899,000 | $899,000 | 5 | 3 | 3490 | DETACHD | 41 |
| 13745 CAMEO CT | $999,500 | $910,000 | 4 | 4 | 2846 | DETACHD | 78 |
| 4297 ALBERT CIR | $999,995 | $920,000 | 3 | 2.1 | 2335 | DETACHD | 69 |
| 5690 BAY CREEK DR | $969,000 | $950,000 | 4 | 2.1 | 3268 | DETACHD | 4 |
| 15930 TWIN FIR RD | $995,000 | $970,000 | 3 | 2.1 | 2620 | DETACHD | 82 |
| 2900 UPPER DR | $1,040,000 | $977,500 | 3 | 2 | 2272 | DETACHD | 66 |
| 3180 DOUGLAS CIR | $1,475,000 | $1,240,000 | 5 | 2.2 | 4768 | DETACHD | 496 |
| 13615 KNAUS RD | $1,995,000 | $1,858,000 | 4 | 3.1 | 4294 | DETACHD | 56 |
| 1588 VIEW LAKE CT | $1,995,000 | $1,995,000 | 4 | 2.2 | 4429 | DETACHD | 4 |
| 16865 GREENBRIER RD | $2,695,000 | $2,200,000 | 5 | 5 | 6404 | DETACHD | 101 |
| 4321 Southshore BLVD | $3,950,000 | $3,756,700 | 5 | 4.1 | 6731 | DETACHD | 118 |
| 1415 CHANDLER RD | $4,250,000 | $3,862,500 | 6 | 4.2 | 7054 | DETACHD | 87 |
Market Activity November 16-29, 2020
Here at the blotter we usually do the market activity report one week at a time, but with the holiday last week, we have combined two weeks. As you can see, not many houses came onto the market, just 12. However, the pending sales and closed sales remained strong. There were 34 properties that went into pending status and 35 closed sales. At this time of year, people making moves are highly motivated to get into the new house before Christmas.
See below for details
New on the Market November 16-29, 2020
| Address | Type | Price | BR | Baths | Sq Ft |
| 44 Eagle Crest #17 | Condo | $199,900 | 1 | 1 | 798 |
| 668 McVey Ave #44 | Condo | $229,000 | 1 | 1 | 636 |
| 4 Touchstone #85 | Condo | $240,000 | 3 | 2.5 | 1351 |
| 4606 Lower Dr | Condo | $260,000 | 2 | 1.1 | 1170 |
| 750 1st St #26 | Condo | $360,010 | 2 | 2 | 1350 |
| 4515 Oakridge Rd | Attached | $685,000 | 3 | 2.5 | 1981 |
| 314 2nd St | Condo | $740,000 | 3 | 3.5 | 1815 |
| 6123 Frost Ln | Detached | $789,900 | 4 | 2.5 | 2331 |
| 4361 Southshore Blvd | Detached | $875,000 | 4 | 3 | 2441 |
| 978 10th St | Detached | $1,495 | 3 | 3 | 2578 |
| 4165 Childs Rd | Detached | $1,549,900 | 3 | 2.5 | 3310 |
| 1199 Sunningdale Ct | Detached | $2,250,000 | 4 | 4.5 | 4319 |
Pending Sales November 16-29, 2020
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 280 Cervantes | Condo | $256,900 | 2 | 2 | 1050 | 35 |
| 16250 Pacific Hwy #77 | Condo | $259,000 | 2 | 2 | 1327 | 79 |
| 45 Eagle Crest Dr #100 | Condo | $285,000 | 3 | 2 | 1537 | 18 |
| 750 1st St E34 | Condo | $309,900 | 2 | 2 | 1350 | 114 |
| 2061 Bonniebrae Dr | Attached | $405,000 | 3 | 2.5 | 1687 | 5 |
| 71 Condolea Way | Condo | $425,000 | 3 | 3 | 2131 | 88 |
| 5309 Lakeview Blvd | Detached | $474,950 | 2 | 1 | 1320 | 158 |
| 5136 Jean Rd | Detached | $495,000 | 3 | 2 | 1412 | 44 |
| 16242 Inverurie Rd | Detached | $519,000 | 3 | 2 | 1657 | 3 |
| 17297 Bryant Rd | Detached | $550,000 | 3 | 2 | 1428 | 3 |
| 69 Condolea Terrace | Condo | $555,000 | 2 | 2.5 | 2262 | 15 |
| 1540 Meadowlark Ln | Detached | $649,000 | 5 | 3 | 2727 | 5 |
| 17879 Hillside Dr | Detached | $699,900 | 3 | 3 | 3149 | 271 |
| 18863 Indian Springs Rd | Detached | $699,900 | 4 | 3 | 2001 | 2 |
| 9 Spinosa | Detached | $725,000 | 2 | 2.5 | 2250 | 22 |
| 1702 Highland Dr | Detached | $749,000 | 3 | 2.5 | 2175 | 32 |
| 2395 Greentree Rd | Detached | $749,900 | 5 | 2.5 | 2777 | 15 |
| 19 Westridge Dr | Detached | $749,900 | 4 | 2.5 | 3711 | 28 |
| 1604 Country Club Rd | Detached | $800,000 | 4 | 3.5 | 3878 | 34 |
| 5185 Woodcrest Ln | Detached | $835,000 | 3 | 2.5 | 2554 | 33 |
| 5239 Madrona St | Detached | $885,000 | 3 | 3 | 2881 | 4 |
| 14218 Kimberly Circle | Detached | $899,500 | 4 | 2.5 | 3272 | 22 |
| 2349 Oakhurst Ln | Detached | $935,000 | 4 | 2.5 | 3548 | 8 |
| 2934 Toklien Ln | Detached | $874,800 | 5 | 3.5 | 3851 | 11 |
| 3000 Brookside Rd | Detached | $999,950 | 3 | 2.5 | 1600 | 50 |
| 6155 McEwan Rd | Detached | $1,165,000 | 5 | 3 | 3728 | 36 |
| 6441 Mission Ct | Detached | $1,165,000 | 4 | 3 | 3201 | 24 |
| 13768 Knaus Rd | Detached | $1,180,000 | 3 | 2 | 2480 | 4 |
| 859 F Ave | Detached | $1,379,000 | 3 | 2.5 | 3210 | 5 |
| 14005 Goodall Rd | Detached | $1,595,000 | 4 | 3.5 | 4809 | 207 |
| 527 Northshore Rd | Detached | $1,800,000 | 3 | 2 | 2433 | 20 |
| 13615 Knaus Rd | Detached | $1,895,000 | 4 | 3.5 | 4294 | 56 |
| 1540 Worthington St | Detached | $589,900 | 5 | 2 | 1872 | 4 |
| 5204 Rosewood St | Detached | $599,000 | 3 | 2.5 | 1683 | 3 |
Closed Sales November 16-29, 2020
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 668 McVey Ave #40 | Condo | $249,900 | $225,000 | 636 | 21 |
| 86 Kingsgate Rd E #101 | Condo | $274,900 | $260,000 | 953 | 14 |
| 668 MdVey Ave #42 | Condo | $257,900 | $261,000 | 852 | 3 |
| 668 McVey Ave #65 | Condo | $315,000 | $307,000 | 636 | 38 |
| 5225 Jean Rd #511 | Condo | $369,900 | $381,000 | 1400 | 3 |
| 206 Greenridge Dr | Attached | $475,000 | $502,500 | 1392 | 4 |
| 98 Kingsgate Rd | Detached | $510,000 | $505,000 | 1727 | 2 |
| 1225 Hallinan St | Detached | $584,900 | $550,000 | 1819 | 5 |
| 127 Greenwood Rd | Detached | $550,000 | $556,000 | 1201 | 13 |
| 2631 Orchard Hill Pl | Detached | $619,900 | $599,900 | 2447 | 33 |
| 14863 Twin Fir Ct | Detached | $630,000 | $600,000 | 1648 | 77 |
| 715 Hemlock St | Detached | $539,900 | $635,000 | 1312 | 3 |
| 17226 Tualatin St | Detached | $695,000 | $679,000 | 1942 | 4 |
| 29 Churchill Downs | Detached | $700,000 | $690,000 | 2019 | 12 |
| 1725 Fernwood Dr | Detached | $699,000 | $699,000 | 1580 | 6 |
| 17061 Crestview Dr | Detached | $649,900 | $705,000 | 2216 | 3 |
| 12436 Orchard Hill Rd | Detached | $725,000 | $710,000 | 2891 | 8 |
| 5124 Rosewood St | Detached | $739,900 | $729,000 | 3516 | 92 |
| 4102 Buck Brush Ln | Detached | $697,000 | $729,000 | 2205 | 3 |
| 7 Falstaff St | Detached | $729,000 | $731,250 | 2484 | 1 |
| 4388 Snowbrush Ct | Detached | $825,000 | $775,000 | 3928 | 230 |
| 2290 Overlook Dr | Detached | $725,000 | $776,000 | 3095 | 3 |
| 2585 Dellwood Dr | Detached | $949,900 | $875,000 | 3749 | 78 |
| 17421 Brookhurst Dr | Detached | $899,900 | $895,000 | 3756 | 12 |
| 18140 Pioneer Ct | Detached | $964,900 | $965,000 | 2524 | 2 |
| 1507 Cedar St | Detached | $1,099 | $1,100,000 | 2505 | 67 |
| 6463 Mission Ct | Detached | $1,165 | $1,165,000 | 3547 | 290 |
| 2250 Southshore Blvd | Detached | $1,299 | $1,185,000 | 4432 | 229 |
| 1989 Egan Way | Detached | $1,384 | $1,399,000 | 4073 | 11 |
| 827 8th St | Detached | $1,425 | $1,399,000 | 3852 | 103 |
| 800 Terrace Dr | Detached | $1,559 | $1,555,000 | 5359 | 160 |
| 4223 Upper Dr | Detached | $1,650 | $1,699,000 | 3902 | 430 |
| 16793 Graef Circle | Detached | $2,695 | $1,900,000 | 4220 | 116 |
| 17787 Cardinal Dr | Detached | $2,199 | $1,950,000 | 3270 | 62 |
| 19025 Hill Top Rd | Detached | $2,349 | $2,100,000 | 5366 | 755 |
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.
Market Activity ~ Nov 9-15, 2020
Last week in Lake Oswego we saw 7 New properties hit the market, 21 move to Pending status, and 29 transactions Close. Here is the breakdown according to RMLS:
NEW 11/9-15, 2020 :
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 3812 BOTTICELLI ST | $319,995 | 3 | 2 | 1194 | CONDO |
| 17297 BRYANT RD | $575,000 | 3 | 2 | 1428 | DETACHD |
| 5071 TUALATA LN | $595,900 | 3 | 3 | 1540 | DETACHD |
| 2349 OAKHURST LN | $935,000 | 4 | 2.1 | 3548 | DETACHD |
| 17596 GREEN BLUFF DR | $959,900 | 4 | 2.1 | 3039 | DETACHD |
| 3250 WESTVIEW CT | $1,200,000 | 6 | 3.1 | 3928 | DETACHD |
| 5055 LAKEVIEW BLVD | $1,298,000 | 4 | 3.1 | 3607 | DETACHD |
PENDING 11/9-15, 2020 :
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 3433 MCNARY PKWY #804 | $260,000 | 2 | 2.1 | 1136 | CONDO | 103 |
| 20 CERVANTES CIR | $275,000 | 2 | 1.1 | 912 | CONDO | 30 |
| 31 GREENRIDGE CT | $425,000 | 3 | 2.1 | 2012 | ATTACHD | 95 |
| 1402 PARRISH ST | $449,000 | 3 | 2.1 | 1863 | CONDO | 83 |
| 6270 Shakespeare ST | $495,000 | 3 | 1 | 1009 | DETACHD | 3 |
| 769 4TH ST | $499,000 | 4 | 1 | 2000 | DETACHD | 4 |
| 13 WALKING WOODS DR | $515,000 | 3 | 2 | 2130 | DETACHD | 4 |
| 14402 SHERBROOK PL | $530,000 | 3 | 2.1 | 1976 | DETACHD | 43 |
| 4362 GALEWOOD ST | $558,000 | 3 | 2.1 | 1684 | DETACHD | 25 |
| 14 INDEPENDENCE AVE | $684,900 | 5 | 3 | 3296 | DETACHD | 191 |
| 1227 ASH ST | $700,000 | 3 | 2 | 2151 | DETACHD | 4 |
| 20 Nansen Summit | $749,900 | 4 | 3.1 | 3768 | DETACHD | 2 |
| 19 WESTRIDGE DR | $749,900 | 4 | 2.1 | 3711 | DETACHD | 19 |
| 5722 SOUTHWOOD DR | $765,000 | 4 | 2.1 | 2919 | DETACHD | 3 |
| 6435 MCDUFF CT | $899,900 | 5 | 3.1 | 3424 | DETACHD | 65 |
| 17215 LOWENBERG TER | $935,000 | 4 | 2.1 | 2934 | DETACHD | 89 |
| 14144 GOODALL RD | $950,000 | 5 | 3 | 3701 | DETACHD | 157 |
| 2900 UPPER DR | $995,000 | 3 | 2 | 2272 | DETACHD | 66 |
| 6 ESSEX CT | $998,000 | 4 | 4 | 4338 | DETACHD | 4 |
| 3125 ALBER SPRING CT | $1,098,000 | 3 | 3.1 | 4308 | DETACHD | 195 |
| 18375 RIVER EDGE LN | $1,185,000 | 4 | 2.1 | 3512 | DETACHD | 51 |
SOLD 11/9-15, 2020:
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 92 CERVANTES CIR | $205,000 | $205,000 | 2 | 1.1 | 912 | CONDO | 36 |
| 4 TOUCHSTONE #70 | $279,950 | $209,750 | 3 | 2.1 | 1351 | CONDO | 136 |
| 320 CERVANTES CIR, #12B | $209,900 | $209,900 | 2 | 1 | 832 | CONDO | 3 |
| 15938 QUARRY RD, B4 | $225,000 | $235,000 | 2 | 1 | 996 | CONDO | 2 |
| 5225 JEAN RD #505 | $255,000 | $265,000 | 2 | 2 | 1100 | CONDO | 2 |
| 45 EAGLE CREST DR #401 | $285,000 | $272,000 | 3 | 2 | 1348 | CONDO | 40 |
| 15486 Brianne CT | $375,000 | $355,000 | 2 | 2.1 | 1246 | ATTACHD | 8 |
| 4401 THUNDER VISTA LANE LN | $395,000 | $365,000 | 2 | 2.1 | 1980 | CONDO | 89 |
| 4347 SILVER CT | $445,000 | $429,000 | 3 | 2.1 | 1844 | CONDO | 44 |
| 12 SAINT HELENS CIR | $525,000 | $525,000 | 3 | 2 | 1780 | DETACHD | 29 |
| 19167 LONGFELLOW AVE | $525,000 | $544,000 | 3 | 2 | 1782 | DETACHD | 6 |
| 4862 INDIAN CREEK CT | $534,900 | $555,000 | 3 | 2 | 1390 | DETACHD | 4 |
| 3595 TEMPEST DR | $615,000 | $615,000 | 3 | 2 | 2126 | DETACHD | 34 |
| 1427 ASPEN ST | $635,000 | $625,000 | 4 | 2 | 2319 | DETACHD | 15 |
| 39 TOUCHSTONE | $749,900 | $650,000 | 4 | 3 | 3400 | DETACHD | 39 |
| 4430 GALEWOOD ST | $649,000 | $661,000 | 3 | 2.1 | 2078 | DETACHD | 4 |
| 2734 SW ORCHARD HILL LN | $699,000 | $701,000 | 4 | 3 | 2800 | DETACHD | 5 |
| 312 4TH ST | $710,000 | $710,000 | 2 | 2.1 | 1731 | ATTACHD | 22 |
| 40 CONDOLEA CT / Main | $775,000 | $725,000 | 3 | 3 | 2958 | CONDO | 34 |
| 13453 STREAMSIDE DR | $839,000 | $792,000 | 3 | 2.1 | 2932 | DETACHD | 5 |
| 12730 ADRIAN CT | $835,000 | $815,000 | 4 | 2.1 | 2952 | DETACHD | 74 |
| 5682 CHARLES CIR | $839,000 | $839,000 | 4 | 3 | 3052 | DETACHD | 3 |
| 14527 RAINBOW DR | $895,000 | $862,000 | 5 | 3 | 3339 | DETACHD | 33 |
| 17641 BROOKHURST DR | $989,000 | $995,000 | 4 | 2.1 | 3470 | DETACHD | 5 |
| 14361 EDENBERRY DR | $1,100,000 | $1,075,000 | 4 | 3.1 | 3760 | DETACHD | 3 |
| 900 FAIRWAY RD | $1,195,000 | $1,083,000 | 5 | 3.1 | 3508 | DETACHD | 106 |
| 2701 GLEN HAVEN RD | $1,085,000 | $1,125,000 | 3 | 2 | 3134 | DETACHD | 3 |
| 18008 GREENBLUFF DR | $1,849,000 | $1,550,000 | 3 | 3.1 | 4402 | DETACHD | 179 |
| 13490 FIELDING RD | $3,398,000 | $3,070,000 | 5 | 6.1 | 8286 | DETACHD | 141 |
News & Notes ~ Oct 2020 Numbers
Here is your look at the most recent data for the entire Portland area (Oct 2020) and how Lake Oswego fits in to this picture just below.
Inventory remained at 1.1 months of supply in October. August was 1.3 and July was 1.2. The 1.1 mark is a record low according to RMLS. New Listings, Pending Sales and Appreciation are all up across the board.
Though we have an undeniable shortage of homes available, this is the time of year when Buyers can expect to find reasonable Sellers, and Sellers can expect to find serious Buyers out looking.
Rates are still very good, remaining around 2.875 as of today.
According to the RMLS Market Action Report for the Portland Metro Area, Sept 2020:
- There were 3,515 New Listings in Oct 2020 increased 14.7% from Oct of 2019’s 3,064, and also increased 7.7% over the previous month/Sept’s 3,264.
- At 3,155, Oct 2020’s Closed Sales are up 21.9% from Oct 2019’s 2,588, and decreased 3.0% from the previous month/Sept 2020’s total of 3,251
- At 3,199, Oct 2020’s Pending Sales are up 25.2% from Oct 2019’s 2,575, and also increased 1.5% over the previous month/Sept 2020’s total of 3,152.
- The Average Sale Price in Oct 2020 of $516,000 is up $54,600 from last year/Oct 2019’s $461,400, and is up $6,000 from the previous month/Sept 2020’s $510,000. YTD increase is 6.5%.
- The “Median” Sale Price (the price smack dab in the middle of all sales) in Oct 2020 of $460,000 rose from last year/Oct 2019’s $410,500 by $49,500, and is up by $9,000 from the previous month/Sept 2020’s $451,000. YTD increase is 6.1%.
Neighborhoods: October’s Average Sale Price + 12-month Appreciation:
- North Portland: $450,300 6.5% (Sept $476,000)
- YTD Median: $430,000
- NE Portland: $531,200 4.6% (Sept $532,100)
- YTD Median: $452,500
- SE Portland: $477,300 6.7% (Sept $467,700)
- YTD Median: $405,000
- Gresham/Troutdale: $412,900 4.8% (Sept $409,300)
- YTD Median: $374,900
- Milwaukie/Clackamas: $512,100 6.8% (Sept $487,300)
- YTD Median: $449,900
- Oregon City/Canby: $511,300 5.8% (Sept $469,700)
- YTD Median: $440,000
- Lake Oswego/West Linn:$756,600 9.9% (Sept $782,600)
- YTD Median: $639,500
- West Portland: $685,900 4.5% (Sept $636,600)
- YTD Median: $550,000
- NW Wash County: $595,600 5.2% (Sept $600,600)
- YTD Median: $524,900
- Beaverton/Aloha: $451,200 4.9% (Sept $447,000)
- YTD Median: $415,300
- Tigard/Wilsonville: $516,700 8.0% (Sept $534,300)
- YTD Median: $475,000
- Hillsboro/Forest Grove: $445,600 5.6% (Sept $438,300)
- YTD Median: $409,900
LAKE OSWEGO:
The combined areas of Lake Oswego and West Linn for the month of October 2020 reported:
- 213 Active Listings (Sept 250)
- 197 New Listings (Sept 173)
- 193 Pending Sales (Sept 180)
- 173 Closed Sales (Sept 191)
- Average Sale Price for Oct: $756,600 (Sept $782,600)
- 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.
- 59 Average Days on the Market (Sept 45)
This Week in Lake Oswego ~ Nov 9-15, 2020
Here are my picks for happenings in lake Oswego this week:
Mon, Nov 9, 2020– 12:00-1:00PM – Lunch 2 Go! ~ Dining Room is obviously problematic during COVID, but this service continues M/W/F with drive-up service! They love to see your faces! $4.00 over 60 and $5.00 under 60. Adult Community Center – 505 G Ave – Info & Ordering: CLICK HERE
Tue, Nov 10, 2020 – 7:00-8:00PM – Hot Books for Cold Days~Join Lake Oswego Librarians for a preview of the best books to curl up with this winter – Info & Registration: CLICK HERE
Wed, Nov 11, 2020 – 8AM Wed-5PM Fri- Veterans Day – Veterans Memorial ~Visit this memorial to all Veterans featuring 8 Lake Oswego individuals and their stories. Foothill Park, 199 Foothills Road~ Info & Reg: CLICK HERE
Thu, Nov 12, 2020 10:00AM-10:00PM – Sesame Street in Communities~Visit the Kids Page of the Lake Oswego Public Library for a weekly update of information geared toward offering resources for parents and caregiver to make a difference for kids…and you! – CLICK HERE
Fri , Nov 13, 2020: 9:30AM-10:30AM, Little Masters Art Class (Ages 2-5/in-person class w/COVID safety measures) ~ Check in every Friday for a sensory experience with a variety of mediums creating art together! CCP, 1060 Chandler Road Info & Registration : CLICK HERE
Sat , Nov 14 2020: 9:00AM-11:00AM, Stewardship Work Party at Springbrook Park ~ Help restore habitat in this 50-acre natural park Info: CLICK HERE
Sun, Oct 18, 2020– 1:00-3:00PM – Stewardship Work Party at Iron Mountain Park ~ Help restore 50 acres of treasured natural habitat. Bring a shovel, pruners, gloves and a container of water. – Iron Mountain Park, Parking: Off Glen Eagles Rd – Info & Registration: CLICK HERE
Market Activity ~ Oct 26-Nov 1, 2020
Last week we saw 5 New Properties hit the market in Lake Oswego, so New Listings are slowing a bit seasonally, as is always expected. 28 properties moved to Pending status, and 25 Closed/Sold. All in all there are currently 139 properties available in Lake Oswego right now.
NEW Oct 26-Nov 1, 2020
PENDING Oct 26-Nov 1, 2020
SOLD Oct 26-Nov 1, 2020
A Tribute
Today I want to share with you something personal, and yes, it does have to do with real estate. You see, my Mom passed away on October 16th. If you have ever worked with me, you’ve heard me talk about my Mom. So this isn’t new to you. But if you haven’t worked with me, I feel a need to tell you about the best Realtor I have ever known.
My Mom got her real estate license in 1976. She was raised in an era when she wanted to major in business at Oregon State, but as a woman she had to major in “Secretarial Sciences”. Seriously. But she had a head for business. She hung her license at Shelter Properties on Boones Ferry Rd in Lake Grove. There she got her feet on the ground and at one time, after listing an entire new subdivision, got chewed out for besting a more prominent agent, a bit of a diva, for beating her out with most new listings for the month.
She moved on to Professionals 100. In 1987, after the birth of my daughter, I was agonizing over having to put my baby into daycare 5 days a week. I had a back ground in sales. I had actually been a sales trainer for a health club organization. My Mom’s business was booming. She was the leading sales agent in the metro area for Great Western Savings and Loan. She was handling their foreclosure properties and she had just been handed about 20 properties to list and sell. She needed help. She called me up and asked if, perhaps, my husband would consider coming to work for her. My reaction? My husband, what about me? That’s when I started my real estate career. It was 33 years ago. I’ve never looked back.
At first, I was her assistant. As I gained experience, we became a team. Then, as she approached retirement, she became my assistant. It’s probably the best possible circumstance in which to be in this business. You see, real estate has a lot of moving parts. So many people are involved: the buyer, the seller, the inspector, the appraiser, the lender. This means that it’s complicated and no two transactions are the same. As Realtors, we need sounding boards, people we respect and rely on to help us navigate complex circumstances so that we can give our clients the best advice possible, for their benefit, not for out own.
About the time that my Mom retired, I met Linda. She and I have known each other for at least 15 years. She calls me, I call her, she filled that void that opened up when my Mom retired. I don’t know how anyone can be in this business without a confidant.
So yes, I’m grieving. But I’m grateful. How lucky am I to have had Mom who, along with giving me life and raising me, gave me a career?
Today I want to salute my Mom. Oh what a wonderful woman she was!
Dianne