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April 18, 2021April 18, 2021

News & Notes ~ March 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 March 2021:

Low Inventory continues to be the driver of competition in the greater Portland area where we see price increases in most neighborhoods/areas from the prior month & all areas increasing over 2020. (See below for breakdown). Comparing 2021 to the same period in 2020 thru March, Overall Average Price has increased 16.6% and Median Price 14.9%.

My trusted Mortgage Advisors say Mortgage rates are hovering around 3.125%. This rate varies and can be reduced with a buy-down, or affected by individual qualifiers. I’m happy to connect you with someone to discuss your particular situation.

According to the RMLS Market Action Report for the Portland Metro Area, March 2021:

There were 3,465 New Listings in March 2021 decreased only slightly at 0.1% from March 2020’s 3,468 and increased 40.1% from the previous month/February’s 2,474.
At 2,556, March 2021’s Closed Sales are up 8.5% from March 2020’s 2,356, and also up 29.2% from the previous month/February’s total of 1,978
At 3,346, March 2021’s Pending Sales increased 42.6% from March 2020’s 2,347, and also jumped up by 51.5% from the previous month/February’s total of 2,208.
The Average Sale Price in March 2021 of $554,300 is up $88,800 from last year/March2020’s $465,500, and up $12,300. from the previous month/February’s $542,000.
The “Median” Sale Price (the price smack dab in the middle of all sales) in March 2021 of $488,000 rose $63,000 from last year/March 2020’s $425,000, and also increased $8,900 from the previous month/February’s $479,100.

LAKE OSWEGO

The combined areas of Lake Oswego and West Linn for the month of March 2021 reported:

112 Active Listings (Feb 82)
188 New Listings (Feb 97)
156 Pending Sales (Feb 92)
112 Closed Sales (Feb 92)
Average Sale Price for Mar: $944,100 (Feb $876,900)
- 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 (Feb 77)

April 15, 2021April 15, 2021

Market Activity ~ April 5-11, 2021

NEW April 5-11, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
526 S State ST 5A	$314,950	2	1	914	CONDO
225 CERVANTES	$319,000	2	1.1	1216	CONDO
3101 MCNARY PKWY #6	$399,900	3	2.1	1532	CONDO
76 GREENRIDGE CT	$674,900	4	3.1	2868	ATTACHD
16041 WALUGA DR	$679,000	4	2	1982	DETACHD
9 FALSTAFF ST	$759,000	4	2.1	2436	DETACHD
18634 Bryant RD	$775,000	3	2.1	2858	DETACHD
19233 INDIAN SPRINGS RD	$799,950	4	4.1	3423	DETACHD
537 COUNTRY CLUB RD	$849,000	3	2	1901	DETACHD
100 LEONARD ST, Upper Lvl	$965,000	3	2.1	2482	CONDO
524 WEIDMAN CT	$979,000	4	2.1	3450	DETACHD
6 DOVER WAY	$1,795,000	4	3.1	4499	DETACHD
17979 S CRESTLINE DR	$3,045,000	4	3	4858	DETACHD

PENDING April 5-11, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
366 CERVANTES CIR	$210,000	2	1	832	CONDO	2
4 TOUCHSTONE #82	$258,000	3	2.1	1351	CONDO	238
5840 SW BURMA RD	$475,000	3	1.1	1632	DETACHD	47
19255 BENFIELD AVE	$499,000	3	2	1840	DETACHD	36
5720 KENNY ST	$499,900	3	2	1416	DETACHD	3
19242 TERRY AVE	$619,900	4	2	1872	DETACHD	2
143 DEL PRADO ST	$621,500	3	2	1907	DETACHD	0
17 ABELARD ST	$650,000	3	2	2122	DETACHD	2
4688 OAKRIDGE RD	$675,000	3	2	1788	DETACHD	17
17608 SYDNI CT	$675,000	4	2.1	2466	ATTACHD	19
5316 LOWER DR	$699,000	3	2.1	2016	DETACHD	15
1268 HIDE A WAY CT	$759,900	4	2.1	2423	DETACHD	6
115 FURNACE ST 2N	$819,000	2	2.1	1885	CONDO	30
5 Mountain View LN	$849,000	5	3.1	3850	DETACHD	61
672 1ST ST	$850,000	2	2.1	1986	CONDO	4
12793 SIERRA VISTA DR	$899,900	4	3.1	3650	DETACHD	3
10 YORICK ST	$925,000	5	3.1	4023	DETACHD	19
1515 CHERRY LN	$925,000	5	3.1	4699	DETACHD	4
12624 SW 22ND AVE	$945,000	4	3.1	3665	DETACHD	4
5544 KILCHURN AVE	$995,000	4	2.1	3308	DETACHD	4
115 ASH ST	$1,025,000	4	3	4469	DETACHD	7
18041 CARDINAL DR	$1,095,000	3	2.1	1950	DETACHD	1
1061 YATES ST	$1,100,000	4	3.1	2899	DETACHD	14
4431 BERNARD ST	$1,149,000	4	3	2840	DETACHD	23
486 LAKE BAY CT	$1,150,000	3	2	1603	DETACHD	4
1255 Bickner ST	$1,199,000	4	2.1	2764	DETACHD	58
18958 BRYANT RD	$1,199,900	4	2.1	3178	DETACHD	13
1992 PALISADES TERRACE DR	$1,250,000	5	3.1	4140	DETACHD	7
13613 PROVINCIAL HILL WAY	$1,550,000	6	3.1	4534	DETACHD	4
15400 DIAMOND HEAD RD	$2,100,000	4	3.1	3358	DETACHD	1
95 IRON MOUNTAIN BLVD	$2,195,000	5	4.1	5710	DETACHD	184
15780 TWIN FIR RD	$2,769,900	4	4.1	4270	DETACHD	44

SOLD April 5-11, 2021`

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
47 EAGLE CREST DR #43	$209,500	$212,000	2	1	1017	CONDO	3
4000 CARMAN DR G101	$248,900	$260,000	2	2	869	CONDO	4
4644 LOWER DR, Upper Lvl	$260,000	$285,000	2	1.1	1170	CONDO	5
578 2ND ST	$539,900	$539,900	2	2.1	1361	PLNCOMM	6
853 E AVE	$650,000	$650,000	2	1	750	DETACHD	6
2679 GLEN EAGLES RD	$729,900	$702,000	3	3	2378	DETACHD	277
18975 OLSON AVE	$600,000	$736,000	6	3	3569	DETACHD	5
33 TOUCHSTONE	$699,900	$770,000	5	4	3854	DETACHD	5
4749 BLACK FOREST CT	$715,000	$775,000	4	2.1	2255	DETACHD	5
5796 BAY POINT DR	$775,000	$843,000	4	2.1	2399	DETACHD	2
16631 FORD PL	$899,900	$920,000	4	2.1	3180	DETACHD	4
4184 VIRGINIA WAY	$849,900	$976,000	4	2	1700	DETACHD	5
2240 RIDGEWOOD RD	$939,000	$1,075,000	4	3.1	2777	DETACHD	2
100 GARIBALDI ST	$1,175,000	$1,210,000	5	3.2	4572	DETACHD	3
15420 BOONES WAY	$1,345,000	$1,325,000	3	2.1	3364	ATTACHD	43
419 7TH ST	$1,350,000	$1,350,000	4	2.1	2813	DETACHD	11
17010 Canal CIR	$1,595,000	$1,665,000	4	3.1	3746	DETACHD
1947 Summit DR	$1,795,000	$1,716,000	4	5.1	5570	DETACHD	150
16655 MAPLE CIR	$3,498,000	$3,170,000	3	3.1	3100	DETACHD	0

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.

April 10, 2021

Tree City USA

This year is the 32nd year that Lake Oswego has maintained the designation of “Tree City USA”. To have this designation a city must maintain four standards: have a Tree Board that brings together Parks, Recreation, and a Natural Resources Advisory Board; have a tree ordinance; spend a minimum of $2 per capita on urban forest management; and proclaim and celebrate Arbor Day annually.

Arbor Day is the last Friday in April, and April is Arbor Month. There are numerous ways that Lake Oswego is celebrating.

Tree Pruning Workshop

April 24th, 10am to 12pm, at the Pavilion at Foothills Park. Due to covid, attendance is limited and pre-registration is required. Pruning and maintaining trees is crucial, not just for the health of the tree, but truly for the safety of the home. Our big ice storm last month was a perfect example. Lake Oswego has lots and lots of trees. That ice storm took down so many limbs and many of those limbs were distructive to property, not to mention the power outages. At my home, we had an arborist clean up our trees about 5 years ago. I have 5 huge trees on my property. In the ice storm, not one limb came down. Not one. To register for this workshop telephone 503-635-0290 or email planning@lakeoswego.city. The class is free

Gnomes in Nature

Gnomes are being hidden at three parks: Foothills, River Run, and Stevens Meadows. The gnomes have names: Blossom, Greenie, and Oak. Between now and October get out to enjoy the parks and when you find a gnome, take your picture with the gnome and post it to social media using the hashtag #LOparksgnomes. Each time you post this hashtag you will be entered into a contest to win your very own gnome. Did you know that LO has over 460 acres of natural park areas? Visit lo-stewardship.org for park locations, gnome clues, and to learn more about each gnome.

Heritage Trees

Lake Oswego has annually been designating trees as “Heritage Trees” for 40 years. They are magnificent and each year when a tree is designated I like to go and see it. Most are on private property, so viewing them is done from the street, but wow, they are gorgeous. This years tree is a 55′ tall Japanese Zelkova that measures 6′ 10″ in circumference and has a crown with a 60′ spread. It is located at 3209 Lake Grove Blvd. To see a complete list of the Heritage Trees and where they are located, visit lakeoswego.city/planning/heritage-tree-program.

I honestly think that people move to Oregon, not just Lake Oswego, because they love the natural beauty and being in the outdoors. We’re now moving into the time of year when going outside is such a pleasure! I’m proud that my city, Lake Oswego, knows this and values its natural resources. Three cheers for LO and Tree City USA!

Dianne

April 3, 2021April 4, 2021

Happy Easter!

We wish you New Beginnings and All Good & Beautiful Things this Welcome Spring Season~

March 27, 2021

Lake Grove is getting a Farmer’s Market

As a resident of the Lake Grove area, I am just super excited about the new Farmer’s Market. It is a pilot program to gage the level of interest for a Farmer’s Market on the West side of town. The market is currently happening on Sundays from 1-5. It will run through April 25th. At that point a decision will be made as to whether or not the market will become permanent.

The market is located on Hallmark Drive between Mercantile Dr and Collins Way. There is abundant parking available at Lake Grove Elementary School

Each week there are 15-20 vendors selling produce, meats, seafoods, flowers, and hot foods. For more information and for a complete list of vendors click here.

This market is in addition to the Farmer’s Market that has occured on the East side of town at Millenium Plaza Park. That market runs Saturdays, 8:30-1:30, May 5th thru October 2nd.

I hope to see you at the market!

Dianne

March 19, 2021April 18, 2021

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)

February 18, 2021February 22, 2021

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)

February 8, 2021

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

February 3, 2021February 8, 2021

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.

January 31, 2021

Lake Oswego Reads: Caste

This February is the 15th annual Lake Oswego Reads and the selected book is Caste by Isabel Wilkerson. This event invites the entire town to read the same book and then come together with special events to commemorate the subject and the author. Of course, this year due to covid, there’s a lot of adaptation to keep everyone safe and healthy.

A top 10 New York Times best seller, the book compares caste systems throughout global history. It examines how social customs and legislation combine to keep segments of society oppressed in order for other segments of society to prevail and to profit. The message is both profound and important.

Special events include a trivia night, a history lesson about 450 years of Black history in Oregon, a discussion of the role of race in the castes system, a discussion about curriculum reform in the Lake Oswego School District, a virtual art show featuring 17 local artists’ interpretation of the book, and much, much more.

For a full list of Lake Oswego Reading events click here.

Enjoy the book and keep on reading!

Dianne