Category: Market Activity

I’m going to start this market activity report with some good news. According to the Mortgage Bankers Association, home purchase mortgage applications have gone up 35% in recent weeks. That’s a huge jump and unusual for this time of year.

Here on a local level, last week in Lake Oswego there were 4 new listings, 7 properties that moved to pending status, and 17 sold/closed sales. Something tells me that there are moving trucks arriving in LO this week with holiday trees tied to their roofs.

See below for RMLS data.

New on the Market Nov 27-Dec 3, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
4 Touchstone #106	Condo	$259,000	2	2	984
4 Touchstone #119	Condo	$318,900	3	2.5	1351
3433 McNary Pkwy #108	Condo	$391,900	3	2	1344
12 Independence Ave	Detached	$839,500	4	4	2994

Pending Nove 27-Dec 3, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
4621 Lakeview Blvd C3	Condo	$329,900	2	2	1178	12
159 Oswego Summit	Condo	$350,000	2	2	1506	218
12844 Boonesferry Rd #117	Condo	$475,000	2	2.5	1191	76
5270 Red Leaf St	Detached	$675,000	3	2	1330	47
5222 Rosewood St	Detached	$800,000	3	2.5	2414	113
4845 Upper Dr	Detached	$1,249,000	5	3	2879	50
55309 Denton Dr	Detached	$1,620,000	4	3.5	3626	26

Sold/Closed Nov 27-Dec 3, 2023

Address	Type	List Price	Closed Price	Sq Feet	CDOM
96 Oswego Summit	Condo	$219,900	$240,000	964	6
4093 Jefferson Pkwy	Condo	$460,000	$410,000	1403	48
21019 Bonniebrae Dr	Attached	$525,000	$510,000	1539	18
4510 Lower Dr B1	Condo	$555,000	$515,000	1729	42
668 McVey Ave #57	Condo	$625,000	$515,500	992	242
1206 Cedar St	Detached	$775,000	$725,000	1426	15
1600 Woodland Ter	Detached	$779,000	$780,000	1699	3
5311 Childs Rd	Detached	$849,500	$795,000	1929	124
13851 Verte Ct	Detached	$939,000	$925,000	2925	15
10 Sherwood Ct	Detached	$949,000	$949,000	3289	2
7 Grouse Ter	Detached	$935,000	$1,050,000	2516	3
14584 Pfeifer Way	Detached	$1,250,000	$1,176,000	2647	14
1050 Atwater Rd	Detached	$1,375,000	$1,350,000	3052	0
3600 Upper Dr	Detached	$1,999,950	$1,850,000	3771	195
541 6th St	Detached	$2,400,000	$2,400,000	3559	0
13799 Atwater Ln	Detached	$3,995,000	$3,800,000	4700	102
128 Northshore Cir	Detached	$4,695,000	$4,000,000	3501	148

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.

Last week in Lake Oswego we had 4 new listings, one of which sold quickly and appears in this report as a pending sale. We had 11 properties move to pending status, and 15 closed sales.

Yes, this time of year is slower as compared to the spring and summer, but real estate still happens. This is because life still happens. Babies are born and people need a larger house. Job changes happen and people need to relocate. So if you are in a situation where you need to make a move now, please reach out to Linda or to myself. We’d love to help you.

See below for RMLS data.

New on the Market Nov 13-19, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
4621 Lakeview Blvd	Condo	$329,900	2	2	1178
529 8th St	Detached	$2,400,000	4	3.5	3569
4965 Park Bluff Pl	Detached	$2,595,000	5	4.5	4568

Pending Nov 13-19, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
86 Kingsgate Rd #22	Condo	$299,500	2	2	924	125
5053 Foothills Dr A	Condo	$445,000	3	2	1252	19
2019 Bonniebrae Dr	Attached	$525,000	3	2	1539	18
16131 Lindsay Ct	Detached	$680,000	4	2.5	1832	28
1525 Ivy Ct	Detached	$739,000	4	2.5	2163	116
5311 Childs Rd	Detached	$819,500	4	2.5	1929	124
1 Creekside Terr	Detached	$1,095,000	5	4	4230	42
4904 Parkhill St	Detached	$1,195,000	4	2.5	3433	7
17393 Grandview Ct	Detached	$1,275,000	4	3.5	3772	4
4974 Cascara Ln	Detached	$1,285,000	4	2.5	3476	2
3232 Lakeview Blvd	Detached	$6,000,000	4	5.5	8170	424

Sold/Closed Nov 13-19, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
3433 McNary Pkwy #601	Condo	$325,000	$325,000	1285	20
480 S State St	Condo	$480,000	$370,000	1659	185
5225 Jean Rd 307	Condo	$425,000	$420,000	1100	185
15930 Waluga Dr	Detached	$599,900	$570,000	1040	22
16266 Parker Rd	Detached	$849,900	$698,000	2014	94
12 Morningview Ln	Attached	$815,000	$765,000	2730	51
2400 Park Rd	Detached	$875,000	$850,000	1962	32
17144 Warren Ct	Detached	$999,000	$950,000	2804	6
14210 Amberwood Circle	Detached	$1,200,000	$1,145,000	3391	30
17292 Cedar Rd	Detached	$1,400,000	$1,400,000	1400	79
17787 Crestline Dr	Detached	$1,495,000	$1,491,375	3362	3
18499 Old River Dr	Detached	$1,749,000	$1,543,950	4217	130
504 8th St	Detached	$1,675,000	$1,665,000	2858	5
19777 Sycamore Ave	Detached	$3,499,000	$2,250,000	4432	110
1101 Crestline Ct	Detached	$3,299,000	$3,135,000	7229	52

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.

Overview/Fluctuations ~ October 2023 Market Data:                                                                                                               

Here is your monthly look at what’s happening in Portland metro and how it relates to Lake Oswego (broken out at the bottom)

As we gear up for the holidays, activity is seasonally lower. But the most interesting thing for me to note is that the market seems to be stabilizing. I looked at last year’s October report, and prices were *much* more volatile at that time. Right now there is not so much fluctuation in price, and Inventory is continuing to rest at around 3 month’s worth. Overall activity is down a bit from last year in October.

Rates: “Great news this week showing inflation is continuing to slow. The Fed should be done raising rates! Look for more good news ahead.”        Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS Market Action Report  for the Portland Metro Area-September 2023:

• There were 2,207 New Listings in October which is down 12.2% from 2,513 in Oct 2022 and  down 18.7% from the 2,713 in the previous month/September.
• At 1,670 Oc­t 2023’s Closed Sales (Solds) are down 14.6% from Oct 2022’s 1,955, and decreased 2.7% from the previous month’s total of 1,717.
• At 1,625 Oct 2023’s Pending Sales (Accepted Offers) are down 11.4% from Sept 2022’s 1,835, and also down 10.2% from the previous month/September’s total of 1,809.
• The Average Sale Price for Sept 2023 of, $592,700 is up a whole $2,700. from last year/Oct 2022’s $592,000, and down $3,200 from the p­­revious month/Sept’s $595,900. 
• The “Median Sale Price (the price smack dab in the middle of all sales) in Oct 2023 of $525,000 dropped $12,000 from Oct 2022’s $537,000, & is down $12,400 from Sept’s $537,400.

LAKE OSWEGO: (Oct ’23)

248 Active Listings (Sep 279)
98 New Listings  (Sep 137)
85 Pending Sales (Sep 98)
85 Closed Sales  (Sep 75)
Average Sale Price for Sept: $954,500 (Sep $1,076,000)
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.
47 Days on the Market   (Sep 51)

The data listed above is as reported by the Regional Multiple Listing Service (RMLS

Last week there were 6 properties entering the market, 12 with accepted Offers moving to Pending status and 11 Sold/Closed. Right now there are 141 properties available in Lake Oswego ranging from $219,900 to $11,500,000.

Here is the breakdown according to RMLS:

NEW Nov 6-12, 2023

Address	List Price	Beds	Baths	SF	Prop Type
4690 AUBURN LN	$900,000	$3	3.1	2750	ATTACHD
6050 CHILDS RD	$900,000	$3	1.1	2129	DETACHD
4904 PARKHILL ST	$1,195,000	$4	2.1	3433	DETACHD
17393 GRANDVIEW CT	$1,275,000	$4	3.1	3772	DETACHD
1885 CREST DR	$1,429,900	$3	3	2391	DETACHD
2800 WEMBLEY PARK RD	$2,600,000	$4	4.1	4538	DETACHD

PENDING Nov 6-12, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
45 EAGLE CREST DR #506	$189,900	$1	1	600	CONDO	44
96 OSWEGO SUMMIT /Lower	$219,900	$1	1	964	CONDO	6
12884 BOONES FERRY RD	$475,000	$2	2.1	1210	CONDO	3
4510 LOWER DR B1	$545,000	$3	2.1	1729	CONDO	42
6 THE GROTTO	$560,000	$3	2	1381	DETACHD	197
5330 CARMAN GROVE LN	$995,000	$3	2.1	2493	DETACHD	43
1177 C AVE	$999,000	$3	2	1957	DETACHD	34
2020 WEMBLEY PARK RD	$1,078,000	$3	2	1712	DETACHD	369
14584 PFEIFER WAY	$1,250,000	$4	2	2647	DETACHD	14
17312 BERGIS FARM DR	$1,999,000	$4	4.2	4804	DETACHD	16
2248 SUMMIT CT	$2,450,000	$4	2	3024	DETACHD	10
2800 WEMBLEY PARK RD	$2,600,000	4	4.1	4538	DETACHD	0

SOLD Nov 6-12, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY #42	$237,500	$216,000	$2	1.1	822	CONDO	59
248 RIDGEWAY RD /Upper	$395,000	$315,000	$1	1	753	CONDO	155
5737 WASHINGTON CT	$669,000	$664,000	$3	1.1	1521	DETACHD	5
3620 WREN ST	$1,189,000	$900,000	$4	3.1	3056	DETACHD	75
807 HOODVIEW LN	$1,200,000	$1,315,000	$4	3	3931	DETACHD	5
18653 PILKINGTON RD	$1,525,000	$1,410,000	$4	3.1	3196	DETACHD	64
1885 CREST DR	$1,429,900	$1,429,900	$3	3	2391	DETACHD	0
13052 KNAUS RD	$1,690,000	$1,500,000	$4	3	3026	DETACHD	8
915 CEDAR ST	$1,695,000	$1,630,000	$4	3.1	3219	DETACHD	26
4247 LORDS LN	$2,680,000	$2,200,000	$4	3.1	3840	DETACHD	102
1860 EGAN WAY	$2,250,000	$2,300,000	$4	3	3687	DETACHD	5

There is always a burst of buying activity about a month before Christmas as people rush to get into their new home before the Holidays. That is certainly reflected is last week’s sales in Lake Oswego. 21 properties received accepted offers and went into pending status. That is about twice what we have been averaging this fall. There were also 11 new listings, 2 of which sold quickly and appear as pending properties in this report. Finishing the statistics, there were 15 closed sales. Those folks will be in their new homes by Thanksgiving.

See below for RMLS data.

New Listings Oct 30-Nov 5, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
96 Oswego Summit	Condo	$219,900	1	1	964
5053 Foothills Dr A	Condo	$445,000	3	2	1252
26 Greenridge Ct	Attached	$467,000	3	2.5	1996
13990 Shireva Ct	Detached	$789,000	3	2	1702
875 Palisades Terrace Dr	Detached	$929,500	4	3	2181
322 2nd St	Attached	$1,250,000	3	3.5	1974
5527 Childs Rd	Attached	$1,399,900	4	3	2982
1959 Wembley Pl	Detached	$1,595,000	4	3.5	2922
5309 Denton Dr	Detached	$1,620,000	4	3.5	3626

Pending Sales Oct 30-Nov 5, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
45 Eagle Crest Dr #208	Condo	$219,900	2	2	1046	14
248 Ridgeway Rd	Condo	$345,000	1	1	753	155
3672 Spring Ln	Condo	$439,900	2	2	1117	8
51 Greenridge Ct	Attached	$475,000	2	2	1348	7
12802 Boones Ferry Rd	Condo	$479,900	3	2.5	1182	8
58 Condolea Terr	Condo	$669,000	3	3	2958	111
31 Churchill Downs	Detached	$775,000	6	4.5	3794	47
1600 Woodland Terr	Detached	$779,000	3	2	1699	3
8 Hotspur St	Detached	$799,999	3	2.5	1966	54
2979 Dellwood Dr	Detached	$850,000	4	3	3216	144
16020 Kimball St	Detached	$899,000	5	3.5	2426	42
7 Grouse Terr	Detached	$935,000	3	2.5	2516	3
14210 Amberwood Cir	Detached	$1,150,000	4	3	3391	30
915 Cedar St	Detached	$1,645,000	4	3.5	3219	26
21 D Ave #14	Condo	$2,046,800	2	2.5	2198	0
1808 Ridge Pointe Dr	Detached	$2,199,000	4	3.5	4860	129
2275 Glen Haven Rd	Detached	$2,269,900	4	4	4109	87
19777 Sycamore Ave	Detached	$2,595,000	4	4.5+.5	4432	110
1101 Crestline Ct	Detached	$3,150,000	4.5+.5	7226	52
13799 Atwater Ln	Detached	$3,995,000	3	4	4700	31
128 Northshore Cir	Detached	$4,295,000	4	3.5	3501	46

Sold/Closed Oct 30-Nov 5, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
54 Cervantes Cir	Condo	$280,000	$279,500	912	5
3433 McNary Pkwy #503	Condo	$318,000	$318,000	1134	2
207 Oswego Summit	Condo	$390,000	$375,000	1497	17
5225 Jean Rd #106	Condo	$400,000	$405,000	1400	29
4121 Hedge Nettle Ct	Detached	$849,900	$796,999	2307	111
15911 Fir Grove Ct	Detached	$915,000	$865,000	2584	172
14205 Edenberry Dr	Detached	$1,150,000	$1,005,000	3219	16
63 Garibaldi St	Detached	$1,250,000	$1,010,000	4223	112
1633 Maple St	Detached	$1,445,000	$1,062,422	3448	194
233 E Ave	Detached	$1,400,000	$1,220,000	1150	12
1125 Northshore Rd	Detached	$1,495,000	$1,250,000	1589	32
5031 Laurel St	Detached	$1,549,000	$1,349,000	3169	805
611 Ridgeway Rd	Detached	$2,139,000	$2,050,000	4847	96
975 Englewood Dr	Detached	$3,995,000	$3,950,000	5980	70
3648 Lakeview Blvd	Detached	$5,500,000	$4,900,000	4000	67

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.

Last week in Lake Oswego there were 16 properties entering the market, 9 moving to Pending status and 11 Closed/Sold.

Here is the breakdown according to RMLS:

NEW Oct 23-29, 2023

Address	List Price	Beds	Baths	SF	Prop Type
40 CRESTFIELD CT / Upper	$239,000	$1	1	690	CONDO
2019 BONNIEBRAE DR	$525,000	$3	2	1539	ATTACHD
4510 LOWER DR, B1	$545,000	$3	2.1	1729	CONDO
1228 CEDAR ST	$625,000	$3	2	1302	DETACHD
18211 INDIAN CREEK DR	$850,000	$3	1	2204	ATTACHD
7 GROUSE TER	$935,000	$3	2.1	2516	DETACHD
17942 SAINT CLAIR DR	$969,000	$4	2.1	2533	DETACHD
21 HIDALGO ST	$1,000,000	$4	3	3392	DETACHD
807 HOODVIEW LN	$1,200,000	$4	3	3931	DETACHD
14584 PFEIFER WAY	$1,250,000	$4	2	2647	DETACHD
4360 WESTBAY RD	$1,329,000	$4	3	2636	DETACHD
17312 BERGIS FARM DR	$1,999,000	4	4.2	4804	DETACHD
541 8th ST	$2,400,000	4	3.1	3559	DETACHD
2248 SUMMIT CT	$2,450,000	4	2	3024	DETACHD
2430 SUMMIT CT	$4,500,000	3	3	3074	DETACHD
17950 KELOK RD	365. – 389,99.	4	4.1	3600	DETACHD

PENDING Oct 23-29, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
1228 CEDAR ST	$625,000	$3	2	1302	DETACHD	2
16266 PARKER RD	$735,000	$4	2	2014	DETACHD	94
1525 IVY CT	$739,000	$4	2.1	2163	DETACHD	93
34 CHURCHILL DOWNS	$774,900	$4	3	2080	DETACHD	95
12 MORNINGVIEW LN	$799,000	$3	2.1	2730	ATTACHD	51
12123 ORCHARD HILL WAY	$874,900	$4	2.1	2841	DETACHD	107
18499 OLD RIVER DR	$1,599,000	$4	3.1	4217	DETACHD	130
3600 UPPER DR	$1,849,000	$5	3	3771	DETACHD	195
541 8th ST	$2,400,000	$4	3.1	3559	DETACHD

SOLD Oct 23-29, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
5650 LAKEVIEW BLVD	$515,000	$449,900	$3	1	990	DETACHD	94
4980 SUNTREE LN	$549,000	$450,000	$3	2	2715	DETACHD	45
5955 CLAIRMONT CT	$579,800	$505,000	$3	2	1824	ATTACHD	162
114 GREENRIDGE CT	$599,000	$550,000	$2	1.1	1112	DETACHD	10
378 9TH ST	$749,000	$760,000	$3	2.1	2135	DETACHD	67
956 WESTPOINT RD	$1,195,000	$1,150,000	$4	3.1	4192	DETACHD	70
4688 UPPER DR	$1,350,000	$1,200,000	$3	2.1	2019	DETACHD	61
16394 LAKE FOREST BLVD	$1,250,000	$1,375,000	$5	3	3292	DETACHD	1
15290 QUARRY RD	$1,999,000	$1,971,000	$3	2.1	2404	DETACHD	5
10 INDEPENDENCE AVE	$2,198,000	$2,000,000	$4	3.1	3962	DETACHD	14
5220 FIRWOOD RD	$8,950,000	$7,000,000	$4	4.3	5235	DETACHD	111

Lake week in Lake Oswego we had 9 properties come onto the market. 2 of those sold quickly and appear in this report as pending sales. We had 10 properties move to pending status and 14 closed sales.

See below for RMLS data.

New on the Market Oct 16-22, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
45 Eagle Crest Dr #208	Condo	$219,900	2	2	1046
16131 Lindsay Ct	Detached	$680,000	4	2.5	1832
4740 Lamont Ct	Detached	$825,000	3	2	1776
19025 Indian Springs Cir	Detached	$889,950	4	2.5	1811
18368 Tamaway Dr	Detached	$1,150,000	4	3	3741
364 Northshore Rd	Detached	$1,795,000	3	2	2066
399 Furnace St	Condo	$3,500,000	3	3.5	4072

Pending Sales Oct 16-22, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
54 Cervantes Cir	Condo	$280,000	2	1.5	912	5
3433 McNary Pkwy #503	Condo	$318,000	2	1.5	1136	2
480 S State St	Condo	$375,000	3	2	1659	185
207 Oswego	Condo	$390,000	2	2	1497	17
3672 Spring Ln	Condo	$439,900	2	2	1117	20
15290 Quarry Rd	Detached	$475,000	3	1	990	94
5733 Kimball Ct	Detached	$659,000	4	2	1346	59
10 Sherwood Ct	Detached	$949,000	4	3.5	3289	2
3460 Lake Grove Ave	Detached	$1,498,000	3	2	1673	30
1101 Crestline Ct	Detached	$3,299,000	4	4.5+.5	7226	42

Sold/Closed Oct 16-22, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
4 Touchstone #65	Condo	$320,000	$310,000	1351	53
2818 Poplar Way	Detached	$550,000	$435,000	1056	34
5054 Foothills Dr A	Condo	$445,000	$445,000	1252	34
15370 Twin Fir Rd	Detached	$560,000	$560,000	1546	8
5053 W Sunset Dr	Attached	$595,000	$590,000	1720	29
545 Hemlock St	Detached	$669,900	$650,000	984	4
18351 Wood Thrush Way	Detached	$690,000	$690,000	1762	4
16 Walking Woods Dr	Detached	$779,000	$762,866	2897	109
1481 Greentree Cir	Detached	$875,000	$867,000	2704	80
11 El Greco St	Detached	$899,000	$892,000	2444	2
2834 Glenmorrie Dr	Detached	$895,000	$927,000	2459	3
885 Lake Forest Dr	Detached	$1,100,000	$937,000	2206	45
4353 Snowbrush Ct	Detached	$1,500,000	$1,375,000	3808	48
17173 Cedar Rd	Detached	$1,900,000	$1,725,000	3996	236

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.

Last week in Lake Oswego there were 12 new listings, 2 of which sold very fast and appear in this report as pending sales. There were a total of 15 properties that accepted offers and moved to pending status (pretty good for October!), and there were 8 closed sales.

See below for RMLS data.

New on the Market Oct 2-8, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
45 Eagle Crest #220	Condo	$250,000	1	1	768
750 1st St E29	Condo	$350,000	1	1	986
16394 Lake Forest Blvd	Detached	$599,000	2	1.5	1112
17903 Ridge Lake Dr	Detached	$854,999	4	2.5	2540
1177 C Ave	Detached	$1,100,000	3	2	1957
1 Creekside Terr	Detached	$1,185,000	5	4	4230
14210 Amberwood Cir	Detached	$1,200,000	4	3	3391
4854 Upper Dr	Detached	$1,375,000	5	3	2879
13052 Knaus Rd	Detached	$1,690,000	4	3	3026
915 Cedar St	Detached	$1,695,000	4	3.5	3219

Pending Sales Oct 2-8, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
3433 McNary Pkwy #601	Condo	$325,000	2	2.5	1285	20
5225 Jean Rd #106	Condo	$400,000	3	2	1400	29
4093 Jefferson Pkwy	Condo	$419,000	2	2.5	1403	48
114 Greenridge Ct	Attached	$519,900	3	2	1824	74
668 McVey Ave #57	Condo	$549,000	3	1.5	992	39
2818 Poplar Way	Detached	$550,000	3	1	1056	34
15370 Twin Fir Rd	Detached	$560,000	3	2	1546	8
51 Oriole Ln	Detached	$589,000	3	2	1216	3
2834 Glenmorrie Dr	Detached	$895,000	2	3	2459	3
13851 Verte Ct	Detached	$939,000	4	3	2925	15
17144 Warren Ct	Detached	$999,000	4	2.5	2804	6
740 Pebble Beach Ct	Detached	$1,050,000	3	2	1745	6
14205 Edenberry Dr	Detached	$1,100,000	3	2.5	3219	16
1633 Maple St	Detached	$1,190,000	3	3	3448	122
503 Laurel St	Detached	$1,349,000	4	3.5	3169	115

Sold/Closed Oct 2-8, 2023

Address	Type	List Price	Closed Price	SQ Feet	CDOM
4323 Lakeview Blvd	Detached	$550,000	$561,000	1483	35
5051 W Sunset Dr	Attached	$620,000	$620,000	1734	12
4 Adams Ct	Detached	$699,900	$640,000	2287	50
17503 Schalit Way	Detached	$759,900	$755,150	1801	4
4840 Dogwood Dr	Detached	$1,125,000	$800,000	2716	95
1714 Greentree Rd	Detached	$920,000	$808,000	3110	190
14051 Chelsea Dr	Detached	$1,300,000	$1,350,000	3022	1
650 1st St	Condo	$1,595,000	$1,435,000	2767	101

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.

With all of the jitters about the economy that is currently filling the news cycle, I am finding these market activity reports particularly important. The biggest trend I am seeing is that houses are simply taking a little longer to sell, but they are selling. And this week’s report I find encouraging. A healthy real estate market has balanced numbers: as many houses are coming on the market as a going pending and as are selling. Last week in Lake Oswego this was solidly the case. There were 13 new listings, 2 of which sold quickly and appear in this report as pending sales. There were 13 pending sales and there were 11 closed sales. This is extremely balanced. It’s not a seller’s market, it’s not a buyer’s market, it’s a solid market.

See below for RMLS data.

New on the Market Sept 25-Oct 1, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
207 Oswego Summit	Condo	$390,000	2	2	1497
3672 Spring Ln	Condo	$439,900	2	2	1117
668 McVey Ave #42	Condo	$499,900	2	1	852
15370 Twin Fir Rd	Detached	$560,000	3	2	1546
640 Southshore Blvd	Detached	$760,000	2	2.5	2391
17144 Warren Ct	Detached	$999,000	4	2.5	2804
740 Pebble Beach Ct	Detached	$1,050,000	3	2	1745
5330 Carman Grove Ln	Detached	$1,100,000	3	2.5	2493
16850 Cortez Ct	Detached	$1,900,000	4	4	3650
15112 Quarry Rd	Detached	$1,950,000	5	4.5	3953
13799 Atwater Ln	Detached	$3,995,000	3	4	4700

Pending Sales Sept 25-Oct 1 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
5054 Foothills Dr A	Condo	$445,000	2	2	1252	2
1720 Fernwood Dr	Detached	$579,000	3	2	1560	5
15930 Waluga Dr	Detached	$599,900	3	1.5	1040	10
18351 Wood Thrush Way	Detached	$690,000	3	2	1762	4
16266 Parker Rd	Detached	$765,000	4	2	2014	66
1481 Greentree Circle	Detached	$875,000	4	3	2704	19
10 Independence Ave	Detached	$1,150,000	4	3.5	4192	70
5955 Clairmont Ct	Detached	$1,250,000	5	3	3292	1
3894 Tamarack Ln	Detached	$1,499,000	4	3.5	4035	23
5220 Firwood Rd	Detached	$1,999,000	3	2.5	2507	5
611 Ridgeway Rd	Detached	$2,099,000	4	5.5	4847	44
4247 Lords Ln	Detached	$2,399,000	4	3.5	3840	102
956 Westpoint Rd	Detached	$8,950,000	4	4.5+.5+.5	5235	111

Sold/Closed Sept 25-Oct 1, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
16200 Pacific Hwy #29	Condo	$500,000	$500,000	1207	9
17825 Tualata Ave	Detached	$535,000	$540,000	1182	11
47 GreenridgeCt	Attached	$534,900	$550,000	1176	2
1368 Boca Ratan Dr	Attached	$610,000	$592,500	1683	109
89 Kingsgate Rd	Detached	$675,000	$640,000	1713	29
6062 Burma Rd	Detached	$650,000	$649,000	1875	96
16 Aquinas St	Detached	$699,000	$675,000	1720	27
529 Livingood Ln	Detached	$800,000	$800,000	2124	4
21 Aquinas St	Detached	$799,900	$930,000	2578	7
13880 Knaus Rd	Detached	$1,500,000	$1,375,000	3762	58
2600 Glenmorrie Dr	Detached	$2,298,000	$2,175,000	4232	13

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.

Fall is definitely in the air and the real estate market in Lake Oswego is transitioning into the typical ebbing of the season. We had 10 new listings last week, one of which sold quickly and appears in this report as a pending sale. We had 16 properties move to pending status and 13 closed sales.

See below for RMLS data.

New Listing Sept 11-17, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
45 Eagle Crest Dr #401	Condo	$278,000	1	1	768
3672 Spring Ln	Condo	$450,000	2	2	1117
12844 Boones Ferry Rd	Condo	$489,000	2	2.5	1191
51 Greenridge Ct	Attached	$525,000	2	2	1348
1975 Mapleleaf Rd	Detached	$725,000	4	2	2330
5097 Rosewood St	Detached	$775,000	4	2.5	1920
13932 Sundeleaf Dr	Detached	$1,449,000	3	2.5	3068
47 Hillshire Dr	Detached	$1,550,000	4	2.5	3324
13084 Amber Pl	Detached	$5,850,000	3	3	5685

Pending Sales Sept 11-17, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
100 Kerr Pkwy #42	Condo	$220,000	2	1.5	822	59
30 Cervantes Circle	Condo	$277,000	2	1.5	1112	22
92 Cervantes Circle	Condo	$279,000	2	1.5	912	93
3972 Carman Dr	Condo	$395,000	2	2.5	1225	5
4306 Botticelli St	Condo	$450,000	2	2.5+.5	2043	62
18521 Don Lee Way	Detached	$475,000	3	2	1226	2
47 Greenridge Ct	Attached	$534,900	2	1.5	992	23
668 McVey Ave #57	Condo	$549,000	3	1.5	992	23
1795 Kilkenny Rd	detached	$568,000	3	2	1449	42
5053 W Sunset Dr	Attached	$595,000	2	2.5	1720	29
5051 W Sunset Dr	Attached	$620,000	2	2.5	1734	12
4 Adams Ct	Detached	$675,000	3	2.5	2287	21
378 9th St	Detached	$1,250,000	3	2.5	2019	61
4688 Upper Dr	Detached	$2,198,000	4	3.5	3962	14
7 Dover Way	Detached	$2,595,000	5	5.5	7803	106
445 Northshore Rd	Detached	$3,195,000	3	3.5	3066	151

Sold/Closed Sept 11-17, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
3876 Botticelli St #31	Condo	$355,000	$360,000	1110	27
2 Condolea Dr	Condo	$469,000	$464,000	1312	8
12886 Boones Ferry Rd	Condo	$475,000	$475,750	1182	8
49 Greenridge Ct	Attached	$525,000	$523,000	1596	3
100 Greenridge Ct	Attached	$525,000	$535,000	2004	6
5059 W Sunset Dr	Attached	$649,000	$587,500	1794	53
85 Tanglewood Dr	Detached	$599,000	$630,000	2323	1
15718 Murwood Ct	Detached	$840,000	$800,000	1988	12
2401 Mayors Ln	Detached	$900,000	$845,000	3076	30
2432 Park Rd	Detached	$875,000	$872,500	2386	5
7 Cellini Ct	Detached	$1,200,000	$1,205,000	3560	3
4230 Sunset Dr	Detached	$1,699,000	$1,600,000	3250	24
18475 Crestline Dr	Detached	$2,995,000	$2,995,000	4910	5

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