Lake Oswego Real Estate Blog
All About Lake Oswego, Oregon real estate topics
May we all carry forward the Dream & the deeds to make it real for ourselves and our children.
“We have before us the glorious opportunity to inject a new dimension of love into the veins of our civilization.” Martin Luther King Jr.
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 ~ 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)
Thank you. To all those who have served to protect our precious Freedoms. 
Once again, I feel that the market is balance. I say this when the number of new listings, pending sales, and closed sales are very close.
Last week in Lake Oswego there were 10 new listings, two of which sold quickly and moved to pending status. There were 13 pending sales and 9 closed sales.
See below for details of RMLS data.
| Address | Type | Price | Bedrooms | Baths | Sq Feet |
| 86 Kingsgate Rd B101 | Condo | $340,000 | 2 | 2 | 938 |
| 236 Ridgeway Rd 16A | Condo | $360,000 | 2 | 1 | 914 |
| 5062 Foothills Dr H | Condo | $459,900 | 3 | 2 | 1252 |
| 1612 Lake Front Rd | Detached | $950,000 | 3 | 2 | 1831 |
| 2350 Southshore Blvd | Detached | $996,000 | 3 | 2.5 | 2236 |
| 141 Furnace St | Condo | $1,750,000 | 2 | 2.5 | 2249 |
| 1745 Mapleleaf Rd | Detached | $1,800,000 | 5 | 3.5 | 3661 |
| 1836 Highlands Loop | Detached | $2,695,000 | 4 | 4.5+.5 | 5494 |
| Address | Type | Price | Bedrooms | Baths | Sq Feet | DOM |
| 86 Cervantes Cir 10-B | Condo | $235,000 | 2 | 1.5+.5 | 912 | 30 |
| 15235 Boones Way | Attached | $624,900 | 3 | 2 | 1686 | 5 |
| 12 Walking Woods Dr | Detached | $749,950 | 3 | 3 | 2224 | 2 |
| 17608 Sydni Ct | Attached | $775,000 | 4 | 2.5 | 2466 | 126 |
| 18706 Bryant Rd | Detached | $789,900 | 3 | 2.5 | 2489 | 6 |
| 14400 Trillium Ct | Detached | $839,000 | 4 | 2.5 | 3193 | 4 |
| 17810 Kelok Rd | Detached | $845,000 | 3 | 2 | 1557 | 9 |
| 314 2nd St | Condo | $850,000 | 3 | 3.5 | 1814 | 9 |
| 4051 Virginia Way | Detached | $999,000 | 4 | 2 | 1903 | 7 |
| 5550 Jean Rd | Detached | $1,499,000 | 4 | 4.5 | 3001 | 107 |
| 853 E Ave | Detached | $1,850,000 | 3 | 3.5 | 2839 | 22 |
| 17312 Bergis Farm Dr | Detached | $1,920,000 | 4 | 4.5+.5 | 4804 | 0 |
| 1625 Cloverleaf Rd | Detached | $2,199,000 | 4 | 4 | 3853 | 67 |
| Address | Type | List Price | Sold Price | Sq Feet | CDOM |
| 48 Eagle Crest Dr 2A | Condo | $169,000 | $215,000 | 1623 | 5 |
| 4724 Lamont Ct | Detached | $649,000 | $633,000 | 1698 | 6 |
| 27 Partridge Ln | Detached | $699,000 | $680,000 | 2317 | 15 |
| 17721 Overlook Cir | Detached | $890,000 | $815,000 | 3172 | 71 |
| 4704 Cambridge Ct | Attached | $985,000 | $1,008,000 | 2856 | 5 |
| 4360 West Bay Rd | Detached | $1,185,000 | $1,175,000 | 2636 | 32 |
| 3763 Tempest Dr | Detached | $1,395,000 | $1,300,000 | 2895 | 73 |
| 14383 Fosberg Rd | Detached | $2,250,000 | $1,799,000 | 4543 | 152 |
| 15784 Twin Fir Rd | Detached | $2,200,000 | $2,194,000 | 3471 | 20 |
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.
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!
Last week in Lake Oswego there were 14 new listings, 4 of which sold quickly and are represented in this report as pending sales. There were 24 properties that moved to pending status and 14 sold/closed homes.
See below for RMLS details.
| Address | Type | Price | Bedrooms | Baths | Square Feet |
| 900 Cornell St | Detached | $495,000 | 3 | 1.5 | 1300 |
| 103 Kingsgate Rd | Detached | $625,000 | 3 | 2.5 | 1352 |
| 27 Partridge Ln | Detached | $699,000 | 3 | 2 | 2317 |
| 918 Lake Front Rd | Detached | $700,000 | 2 | 1 | 921 |
| 4793 Auburn Ln | Attached | $750,000 | 3 | 2.5 | 2083 |
| 17944 Tualata Ave | Detached | $995,000 | 4 | 3 | 2325 |
| 19125 Olson Ave | Detached | $1,125,000 | 4 | 2.5 | 3828 |
| 1 Juarez St | Detached | $1,245,000 | 3 | 2.5 | 3388 |
| 17228 Blue Heron Rd | Detached | $1,829,000 | 4 | 2.5+.5 | 4236 |
| 13800 Goodall Rd Lot 1 | Detached | $4,350,000 | 5 | 6.1 | 5642 |
| 13770 Goodall Rd Lot 2 | Detached | $4,395,000 | 5 | 4.1 | 5933 |
| Address | Type | Price | Bedrooms | Baths | Square Feet | DOM |
| 4 Touchstone #95 | Condo | $219,900 | 2 | 2 | 984 | 8 |
| 4 Touchstone #77 | Condo | $240,000 | 3 | 2.5 | 1351 | 51 |
| 4463 Thunder Vista Ln | Condo | $438,000 | 2 | 2.5 | 1741 | 2 |
| 113 Touchstone Terr | Attached | $510,000 | 3 | 2.5 | 2104 | 3 |
| 1272 Hide A Way Ct | Detached | $549,000 | 4 | 2 | 1816 | 3 |
| 15450 Stephanie Ct | Attached | $565,000 | 3 | 2.5 | 1662 | 66 |
| 5850 Kenny St | Detached | $589,000 | 2 | 2 | 1172 | 6 |
| 66 Weatherstone #35 | Condo | $599,900 | 4 | 3.5 | 2465 | 20 |
| 8 Mountain Circle | Attached | $629,000 | 3 | 2 | 1316 | 5 |
| 1130 Hallinan Ct | Detached | $650,000 | 3 | 2 | 1463 | 4 |
| 18040 Belmore Ave | Detached | $674,900 | 3 | 2 | 2077 | 37 |
| 32 Independence Ave | Detached | $740,000 | 4 | 3.1 | 3420 | 5 |
| 18 Partridge Ln | Detached | $780,000 | 4 | 3 | 3145 | 17 |
| 2050 Southshore Blvd | Detached | $780,000 | 3 | 2.5 | 1629 | 10 |
| 67 Tanglewood Dr | Detached | $799,900 | 4 | 2.5 | 3149 | 56 |
| 490 Boca Ratan Dr | Detached | $824,900 | 3 | 2 | 2108 | 63 |
| 18591 Waxwing Way | Detached | $875,000 | 3 | 2.5 | 2145 | 32 |
| 2050 Wembley Park Rd | Detached | $1,099,500 | 4 | 2 | 1868 | 5 |
| 19125 Olson Ave | Detached | $1,125,000 | 4 | 2 | 3828 | 3 |
| 2777 Glen Haven Rd | Detached | $1,159,000 | 3 | 2.5 | 2560 | 102 |
| 13504 Streamside Dr | Detached | $1,279,000 | 4 | 2.5 | 3486 | 31 |
| 1625 Cloverleaf Rd | Detached | $2,375,000 | 4 | 4 | 3853 | 31 |
| 864 6th St | Detached | $2,998,000 | 5 | 4.5 | 5266 | 124 |
| 16561 Maple Circle | Detached | $3,800,000 | 4 | 3.5 | 3356 | 30 |
| Address | Type | List Price | Sold Price | Square Feet | DOM |
| 45 Oswego Summit | Condo | $240,000 | $245,000 | 764 | 4 |
| 168 Oswego Summit | Condo | $330,000 | $315,000 | 1383 | 29 |
| 4300 Botticelli St | Attached | $399,900 | $374,900 | 1721 | 42 |
| 200 Burnham Rd #103 | Condo | $419,500 | $419,000 | 765 | 16 |
| 4 Weatherstone | Detached | $535,000 | $480,000 | 1692 | 41 |
| 4266 Woodside Circle | Detached | $549,900 | $502,000 | 1944 | 8 |
| 18690 Wood Duck Way | Detached | $775,000 | $775,000 | 1895 | 0 |
| 5272 Tree St | Detached | $799,900 | $810,000 | 1948 | 4 |
| 5557 Langford Ln | Detached | $839,000 | $844,500 | 1539 | 15 |
| 1202 Spruce St | Detached | $850,000 | $850,000 | 1706 | 3 |
| 63 Touchstone | Detached | $925,000 | $885,000 | 3088 | 21 |
| 1571 HIghland Dr | Detached | $989,000 | $980,000 | 3000 | 3 |
| 2600 Dellwood Dr | Detached | $1,600,000 | $1,525,000 | 3690 | 314 |
| 17226 Chapin jWay | Detached | $2,600,000 | $2,750,000 | 4930 | 1 |
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.
You work hard. Enjoy this Labor Day weekend! You are appreciated.
“Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of civilization.” These are the lofty words that open the Preamble of the Realtor Code of Ethics.
I have written about this topic before, but it was many years ago. It’s something I hold very dear and thought it would be a good time to revisit the information.
In 1908, when the National Association of Realtors was founded, real estate was very much the wild, wild West. Unregulated and without licensing requirements, there was a good deal of fraud and a ripe environment for con artists and Naredo wells. Edward Halsey, a chairperson in the NAR in 1908 said “We propose, if we can, to wipe out the riffraff that brings this business into disrepute.”
The Code of Ethics was first written in 1913. It is a living document that is changed and revised as times change. Along with the Preamble, it consists of 4 sections that also include Duties to Clients and Customers, Duties to the Public, and Duties to other Realtors. If I could sum it up simply, it requires that all Realtors be fair and honest in our dealings with all parties to a transaction.
I am really proud of the Code of Ethics. It truly does set a higher standard for my industry. All Realtors are required to take Code of Ethics training every two years. It is at the forefront of how I run by business and how I expect other Realtors to interact with myself and my clients.
Please know that when you are working with a Realtor, you are working with a professional bound to a higher standard.