Category: Market Activity

Last week Lake Oswego saw 20 properties enter the market, 13 move to Pending status, and 11 Closed/Sold. Right now there are 195 homes to choose from ranging from $220,000 to $11,500,000.

Here is the breakdown:

NEW Sept 4-10, 2023

Address	List Price	Beds	Baths	SF	Prop Type
12802 BOONES FERRY RD	$395,000	$2	2.1	1225	CONDO
782 LAUREL ST	$400,000	$3	2	1400	CONDO
47 GREENRIDGE CT	$450,000	$2	2	1350	CONDO
668 MCVEY AVE #14	$479,000	$1	1	636	CONDO
2400 PARK RD	$505,000	$3	2.1	1182	CONDO
5051 W SUNSET DR	$534,900	$2	1.1	1176	ATTACHD
3972 CARMAN DR	$620,000	$2	2.1	1734	ATTACHD
14051 CHELSEA DR	$815,000	$3	2.1	2730	ATTACHD
1776 RIDGECREST DR	$865,000	$3	2.1	1966	DETACHD
3520 LAKE GROVE AVE	$875,000	$5	2.1	1962	DETACHD
1101 CRESTLINE CT	$875,000	$4	3	2704	DETACHD
8 HOTSPUR ST	$1,300,000	4	3	3022	DETACHD
455 9TH ST	$1,495,000	3	2	1589	DETACHD
1142 CRESTLINE CT	$1,549,000	3	4	2550	DETACHD
12 MORNINGVIEW LN	$1,895,000	3	2.1	2169	DETACHD
1125 NORTHSHORE RD	$2,598,000	4	3.1	3624	DETACHD
1481 GREENTREE CIR	$2,600,000	4	3.1	3911	DETACHD
750 1ST ST #16	$3,299,000	$4	4.2	7226	DETACHD
17264 LAKE HAVEN DR	$4,950,000	$5	5.1	6440	DETACHD
5225 JEAN RD #106	$5,995,000	$4	4.1	5876	DETACHD

PENDING Sept 4-10, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
15290 QUARRY RD	$499,900	$3	1	990	DETACHD	51
16200 PACIFIC HWY #29	$500,000	$2	2	1207	CONDO	9
42 SPINOSA	$650,000	$3	2.1	2056	DETACHD	85
107 KINGSGATE RD	$674,900	$3	2	1516	DETACHD	12
4980 SUNTREE LN	$699,000	$3	2.1	2135	DETACHD	67
4500 GALEWOOD ST	$775,000	$3	3	2373	DETACHD	65
529 LIVINGOOD LN	$800,000	$3	2.1	2124	DETACHD	4
13410 S FIELDING RD	$949,000	$3	2	1837	DETACHD	25
4840 SW DOGWOOD DR	$949,000	$3	3	2716	DETACHD	95
13920 SHIREVA DR	$1,300,000	$5	3	3212	DETACHD	12
14051 CHELSEA DR	$1,300,000	$4	3	3022	DETACHD	1
650 1ST ST, Grnd	$1,500,000	3	2.1	2767	CONDO	101
19494 SW Lorna LN	$2,989,000	4	4.2	4806	DETACHD	276

SOLD Sept 4-10, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY #31	$219,500	$219,000	$1	1	617	CONDO	14
19201 INDIAN CREEK AVE	$669,900	$669,900	$4	2.1	1721	DETACHD	7
17753 OVERLOOK CIR	$824,900	$824,900	$4	3	3455	DETACHD	18
1590 HALLINAN ST	$874,900	$890,000	$4	2	2070	DETACHD	4
15789 MURWOOD CT	$974,900	$1,055,000	$4	2.1	2232	DETACHD	4
2411 GLEN EAGLES RD	$1,250,000	$1,200,000	$5	2.1	2100	DETACHD	9
13531 FIELDING RD	$1,395,000	$1,400,000	$4	3.1	4566	DETACHD	7
4665 FIRWOOD RD	$1,495,000	$1,587,300	$3	2.1	2574	DETACHD	2
455 9TH ST	$1,895,000	$1,895,000	$3	2.1	2169	DETACHD	0
915 OAK TER	$2,435,000	$2,191,777	$4	4	3816	DETACHD	298
2936 LAKEVIEW BLVD	$3,595,000	$3,500,000	$5	3.1	4208	DETACHD	4

Overview/Fluctuations ~ July 2023 Market Data:                                                                                                               

Greetings Property Blotter readers! I’ll have the August stats to you in a couple of weeks when they come out, but here is the latest full-month activity picture w/Lake Oswego broken out at the bottom~

Activity in July was down from last year and from the month prior. A slow-down in July is not  exactly unusual as people go on vacation roughly after the 4^th of July onward, and then things pick back up a bit mid-August.  Lake Oswego saw an uptick in Closed Sales from 87 in June to 113 in July. Metro Area Inventory is increasing at 2.4 months for July though we still are in a crunch all over with regard to available homes in relation to demand. Metro Time-on-Market is holding at 33 days. I took a look at what price-ranges are getting the most action:  In July 2021 the hottest range was $308,000-$506,000.    July 2023: $275,000-$422,000.  

Rates: “Interest rates are being pressured higher right now. Currently, 30-year fixed rates are in the mid to upper 7% range”       Gary Boyer, Regional VP, Directors Mortgage

For the long-term, the  outlook is still positive: eight major research institutions are  all forecasting rates down next year. 

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

• There were 2,899 New Listings in June– which is down 23.0% from 3,763 in July 2022 and also down 12.1% from the 3,298 in the previous month/June.
• At 1,912 July2023’s Closed Sales (Solds) are down 19.3% from July 2022’s 2,369, and also down 8.3% from the previous month’s total of 2,085.
• At 2,145 July 2023’s Pending Sales (Accepted Offers) are down 12.3% from July 2022’s 2,445, and also down 5.6% from the previous month/June’s total of 2,272.
• The Average Sale Price for July 2023 of, $620,400 is down $15,300 from last year/July 2022’s $635,700, and down $6,400 from the previous month/June’s $626,800. 
• The “Median Sale Price (the price smack dab in the middle of all sales) in July 2023 of $549,900 dropped $16,100 from July 2022’s $566,000, & is down $10,000 from June’s $559,900.

LAKE OSWEGO: (July ’23)

274 Active Listings (Jun 236)
176 New Listings  (Jun 195)
109 Pending Sales (Jun 118)
113 Closed Sales  (Jun 87)
Average Sale Price for June: $990,700 (Jun $1,030,500)
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.
31 Days on the Market   (Jun 35)

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

Our real estate market is chugging right along. Last week in Lake Oswego there were 13 new listings, one of which sold quickly and is shown in this report as a pending sale. There were a total of 21 properties that received acceptable offers and moved into pending status, and there were 18 closed sales.

See below for RMLS data.

New on the Market Aug 14-20, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
86 Kingsgate Rd I-202	Condo	$320,000	2	2	849
4 Erasmus St	Condo	$420,000	2	2.5	1547
4093 Jefferson Pkwy	Condo	$460,000	2	2.5	1403
2031 Bonniebrae Dr	Attached	$555,000	4	2	1611
5053 W Sunset Dr	Attached	$595,000	2	2.5	1720
5733 Kimball Ct	Detached	$669,000	4	2	1346
89 Kingsgate Rd	Detached	$675,000	3	2.5	1713
4100 Chapman Way	Detached	$858,000	4	2.5	1918
2376 Glenmorrie Dr	Detached	$874,900	4	2	2732
610 Boca Ratan Dr	Detached	$949,900	4	2	2566
2600 Glenmorrie Dr	Detached	$2,298,000	4	3.5	4232
12790 S Fielding Rd	Detached	$4,990,000	6	7.5	9124

Pending Sales Aug 14-20, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
4 Touchstone #65	Condo	$317,500	3	2.5	1351	53
124 Touchstone Terr	Attached	$499,900	2	2.5	1964	11
5117 Greensborough Ct	Detached	$795,000	3	2.5	1692	4
1714 Greentree Rd	Detached	$799,900	4	3	3110	98
4798 Auburn Ln	Attached	$809,950	3	3.5	2700	4
1590 Hallinan St	Detached	$874,900	4	2	2070	4
2401 Mayors Ln	Detached	$875,000	4	3	3076	30
43 Aquinas St	Detached	$875,000	3	2.5	2138	29
17 Da Vinci	Detached	$890,000	3	2	1876	27
7 Cellini Ct	Detached	$1,200,000	5	3.5	3560	3
1255 Bickner St	Detached	$1,295,000	4	2.5	2817	25
53 Eagle Crest Dr	Detached	$1,300,000	5	4.5+.5	4918	122
2886 Upper Dr	Detached	$1,389,000	4	3	2674	6
233 E Ave	Detached	$1,400,000	3	1	1150	12
814 Lake Shore Rd	Detached	$1,490,000	3	2.5+.5	2385	119
4665 Firwood Rd	Detached	$1,495,000	3	2.5	2574	2
650 1st St	Condo	$1,500,000	3	2.5	2767	76
1550 Country Commons	Detached	$1,995,000	4	3	4818	77
15575 Village Dr	Detached	$2,225,000	4	2.5	3163	10
18475 Crestline Dr	Detached	$2,995,000	4	3.5	4910	5
975 Englewood Dr	Detached	$3,995,000	4	4.5+.5	5980	71

Sold/Closed Aug 14-20, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
152 Oswego Summit	Condo	$319,900	$290,000	1383	46
204 Cervantes	Condo	$360,000	$345,000	1138	124
4 Touchstone DR #152	Condo	$344,000	$346,000	1351	2
1602 Bonniebrae	Attached	$425,000	$395,000	864	39
6336 Frost St	Detached	$549,900	$523,200	2200	59
1437 Oak St	Detached	$672,500	$565,000	1070	31
103 Kingsgate Rd	Detached	$600,000	$580,000	1352	19
5233 Rosewood St	Detached	$699,900	$699,900	1650	4
1240 Cedar St	Detached	$699,900	$700,000	1044	5
5861 Benfield Ct	Detached	$759,900	$770,000	1658	3
1290 Pine St	Detached	$750,000	$795,000	2048	4
219 Hidalgo St	Detached	$879,000	$799,000	3756	50
875 Lee St	Detached	$899,000	$800,000	2200	40
1855 Cloverleaf Rd	Detached	$899,900	$975,000	2870	1
17656 Woodhurst Pl	Detached	$1,325,000	$1,207,000	4559	78
18635 Westview Dr	Detached	$1,549,000	$1,491,000	4943	2
1501 Country Club Rd	Detached	$2,200,000	$2,000,000	4691	27
1186 Crestline Ct	Detached	$4,750,000	$4,000,000	14411	211

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 Lake Oswego added 16 New properties to the marketplace, 15 moved to Pending status, and 15 Sold/Closed. Right now there are 184 homes available in Lake Oswego ranging from $219,500 to $11,500,000.

Here is the breakdown:

NEW Aug 7-13, 2023

Address	List Price	Beds	Baths	SF	Prop Type
100 KERR PKWY #31	$219,500	$1	1	617	CONDO
5117 GREENSBOROUGH CT	$795,000	$3	2.1	1692	DETACHD
14 ICARUS LOOP	$819,900	$4	2.1	3201	DETACHD
15718 MURWOOD CT	$840,000	$3	2	1988	DETACHD
5222 ROSEWOOD ST	$850,000	$3	2.1	2414	DETACHD
1590 HALLINAN ST	$874,900	$4	2	2070	DETACHD
13410 S FIELDING RD	$949,000	$3	2	1837	DETACHD
17890 ROYCE WAY	$985,000	$5	3	3108	DETACHD
12 JUAREZ ST	$1,100,000	$4	3.2	3735	DETACHD
674 1ST ST	$1,195,000	$2	2.1	2147	CONDO
7 CELLINI CT	$1,200,000	$5	3.1	3560	DETACHD
547 Northshore RD	$2,250,000	4	3.1	3766	DETACHD
4929 PARK BLUFF PL	$2,795,000	4	3.1	4067	DETACHD
18475 CRESTLINE DR	$2,995,000	4	3.1	4910	DETACHD
16772 ALDER CIR	$4,350,000	4	3.1	3282	DETACHD
951 ATWATER RD	$6,795,000	6	5.1	9163	DETACHD

PENDING Aug 7-13, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
3876 BOTTICELLI ST #31	$355,000	$2	2	1110	CONDO	7
5052 FOOTHILLS DR, D	$431,000	$3	2	1252	CONDO	62
2 CONDOLEA DR / Main	$469,000	$2	2	1312	CONDO	8
12886 BOONES FERRY RD	$475,000	$2	2.1	1182	CONDO	8
16 SAINT HELENS CIR	$550,000	$4	2	1482	DETACHD	4
1795 KILKENNY RD	$595,000	$3	2	1449	DETACHD	4
5059 W SUNSET DR	$598,500	$2	2.1	1794	ATTACHD	53
1437 OAK ST	$600,000	$3	1	1070	DETACHD	31
5071 W SUNSET DR	$620,000	$2	2.1	1734	ATTACHD	41
18 BRITTEN CT	$639,900	$3	2.1	1972	ATTACHD	56
4 ADAMS CT	$699,900	$4	2.1	2287	DETACHD	11
17753 OVERLOOK CIR	$824,900	4	3	3455	DETACHD	18
15789 MURWOOD CT	$974,900	4	2.1	2232	DETACHD	4
13531 FIELDING RD	$1,395,000	4	3.1	4566	DETACHD	7
4230 Sunset DR	$1,635,000	4	2.1	3250	DETACHD	24

SOLD Aug 7-13, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
45 EAGLE CREST DR #400	$289,950	$275,000	$3	2	1348	CONDO	89
4000 CARMAN DR #35	$340,000	$330,000	$2	2	869	CONDO	30
6880 SW MONTAUK CIR, Ground	$339,000	$350,000	$3	2	1092	CONDO	2
36 CONDOLEA DR	$474,900	$450,000	$2	2	1432	CONDO	28
6401 SW MCEWAN RD	$499,000	$495,000	$3	2	1050	DETACHD	6
6290 CARMAN DR	$700,000	$700,000	$2	1	1828	DETACHD	2
17280 WESTVIEW DR	$789,000	$819,900	$3	3	2324	DETACHD	13
4855 CENTERWOOD ST	$825,000	$900,000	$3	2.1	2210	DETACHD	28
4584 TRILLIUM WOODS	$925,000	$910,000	$3	2.1	2174	ATTACHD	8
2094 RIDGEWOOD RD	$1,250,000	$1,250,000	$4	2.1	2616	DETACHD	21
17430 SCHALIT WAY	$1,200,000	$1,250,000	$4	2.1	2480	DETACHD	2
5349 WASHINGTON CT	$1,400,000	$1,425,000	4	3.1	3906	DETACHD	25
64 BERWICK RD	$1,595,000	$1,525,000	4	3.1	3740	DETACHD	7
15985 BONAIRE AVE	$1,599,000	$1,620,000	3	3	2910	DETACHD	10
5030 FIRWOOD RD	$2,595,000	$2,595,000	5	4	4123	DETACHD	4

Last week in Lake Oswego there were 18 new listings, two of which sold quickly and appear in this report as pending sales. There were 18 pending sales and 13 sold/closed properties.

See below for RMLS data.

New on the Market July 31-Aug 6, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
5225 Jean Rd #307	Condo	$425,000	2	2	1100
4469 Golden Ln	Condo	$439,500	2	2.5	2002
2 Condolea Dr	Condo	$469,000	2	2	1312
12886 Boones Ferry Rd	Condo	$475,000	2	2.5	1182
16 Aquinas St	Detached	$699,000	3	2.5	1720
5187 Rosewood St	Detached	$770,000	3	2.5	1654
16950 Lakeridge Dr	Detached	$868,000	4	2.5	2346
12974 Knaus Rd	Detached	$1,095,000	3	3.5	3169
5382 Royal Oaks Dr	Detached	$1,180,000	4	2.5	2970
3620 Wren St	Detached	$1,189,000	4	3.5	3056
13531 Fielding Rd	Detached	$1,395,000	4	3.5	4566
233 E Ave	Detached	$1,400,000	3	1	1150
4255 Chad Dr	Detached	$1,425,000	4	3.5	385
4353 Snowbrush Ct	Detached	$1,500,000	5	3.5	3808
19175 Pilkington Rd	Detached	$2,300,000	5	4	4129
2275 Glen Haven Rd	Detached	$2,349,000	4	4	4109

Pending Sales July 31-Aug 6, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
205 Cervantes	Condo	$275,000	2	1.5	1216	15
45 Eagle Crest Dr #400	Condo	$279,000	3	2	1348	89
5062 Foothills Dr G	Condo	$439,000	2	2	1252	35
18316 Terry Ave	Detached	$574,900	3	1.5	1250	39
18963 Longfellow Ave	Detached	$659,900	3	1.5	1232	73
16 Britten Ct	Attached	$665,000	3	2.5	1972	1
19443 Kokanee Ct	Detached	$775,000	4	2.5	2888	24
13388 Auburn Ct	Attached	799,500	3	2.5	2492	48
1714 Greentree Rd	Detached	$799,900	4	3	3110	89
2432 Park Rd	Detached	$875,000	4	3	2386	5
1855 Cloverleaf Rd	Detached	$899,900	5	3	2870	1
2411 Glen Eagles Rd	Detached	$1,250,000	5	2.5	2100	9
17532 Oak Meadow Ln	Detached	$1,299,900	5	3	3046	35
17299 Lake Haven Dr	Detached	$1,329,000	4	2.5	2656	4
2301 Wembley Park Rd	Detached	$2,100,000	4	3.5	3600	23
611 Ridgeway Rd	Detached	$2,139,000	4	5.5	4847	42
915 Oak Terr	Detached	$2,324,900	4	4	3816	298
1120 Crestline Ct	Detached	$4,950,000	5	5.5	6440	28

Sold/Closed July 31-Aug 6, 2023

Address	Type	List Price	Closed Price	Sq Feet	CDOM
4901 Childs Rd	Detached	$497,000	$415,000	1440	40
14318 Camden Ln	Detached	$945,000	$806,000	2980	57
18591 Waxwing Way	Detached	$889,000	$933,000	2145	5
17079 Cherry Crest Ave	Detached	$1,100,000	$955,000	3002	41
592 Weidman Ct	Detached	$1,150,000	$1,060,000	3035	38
5525 Bay Creek Dr	Detached	$1,100,000	$1,100,000	3377	2
20 Nansen Summit	Detached	$1,220,000	$1,150,000	3768	43
5726 Charles Circle	Detached	$1,339,000	$1,240,000	3196	45
17269 Bryant Rd	Detached	$1,399,990	$1,400,000	3641	32
655 7th St	Detached	$1,999,000	$1,975,000	2796	23
3331 Fir Ridge Rd	Detached	$2,499,000	$2,360,000	3771	276
2410 Glen Eagles Rd	Detached	$3,400,000	$3,000,000	3523	39
584 Ridgeway Rd	Detached	$5,250,000	$5,130,000	4944	17

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 there were 18 properties entering the market in Lake Oswego (new), 14 accepted Offers (Pending) and 11 that Closed/Sold. Right now there are 192 properties available ranging from $237,500 to $11.5 mil.

Here is the breakdown:

NEW July 24-30, 2023

Address	List Price	Beds	Baths	SF	Prop Type
3433 MCNARY PKWY #203	$299,000	2	2	1008	CONDO
4 TOUCHSTONE DR #152	$344,000	3	2.1	1351	CONDO
4089 JEFFERSON PKWY	$445,000	2	2.1	1361	CONDO
580 S STATE ST	$479,000	3	1	959	CONDO
89 KINGSGATE RD	$698,000	3	2.1	1713	DETACHD
4 ADAMS CT	$699,900	4	2.1	2287	DETACHD
16266 PARKER RD	$829,900	4	2	2014	DETACHD
4736 AMHERST CT	$834,900	3	2.1	2929	ATTACHD
2432 PARK RD	$875,000	4	3	2386	DETACHD
1525 IVY CT	$875,000	4	2.1	2163	DETACHD
2401 MAYORS LN	$900,000	4	3	3076	DETACHD
5418 WASHINGTON CT	$1,050,000	3	2.1	2186	DETACHD
2411 GLEN EAGLES RD	$1,250,000	5	2.1	2100	DETACHD
17299 LAKE HAVEN DR	$1,329,000	4	2.1	2656	DETACHD
18635 WESTVIEW DR	$1,549,000	5	5	4943	DETACHD
16827 SCOTT CT	$1,599,000	4	3.1	4179	DETACHD
21 D AVE #9	$2,000,000	2	2.1	2291	CONDO
2066 GLENMORRIE DR	$2,750,000	$4	4.1	4978	DETACHD

PENDING July 24-30, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE DR #152	$344,000	3	2.1	1351	CONDO	2
6336 FROST ST	$525,000	4	2	2200	DETACHD	59
1127 Cedar St.	$575,000	3	1	1848	DETACHD	50
219 HIDALGO ST	$799,000	4	2.1	3756	DETACHD	50
31 WALKING WOODS DR	$825,000	4	3	2855	DETACHD	25
5311 CHILDS RD	$849,500	4	2.1	1929	DETACHD	14
875 LEE ST	$850,000	3	2	2200	DETACHD	40
4855 CENTERWOOD ST	$850,000	3	2.1	2210	DETACHD	28
15911 FIR GROVE CT	$915,000	4	2.1	2584	DETACHD	74
412 LIVINGOOD LN	$950,000	5	2.1	3880	DETACHD	33
1888 OAK KNOLL CT	$1,450,000	4	3.1	3022	DETACHD	58
18635 WESTVIEW DR	$1,549,000	5	5	4943	DETACHD	2
21 D AVE #9	$2,000,000	2	2.1	2291	CONDO	0
17254 BLUE HERON RD	$2,174,900	3	3	3479	DETACHD	25

SOLD July 24-30, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
5225 JEAN RD #309	$395,000	$385,000	$2	2	1100	CONDO	15
39 GREENRIDGE CT	$500,000	$500,000	$3	1.1	1652	ATTACHD	5
440 BOCA RATAN DR	$769,900	$785,000	$3	2	1934	DETACHD	4
2410 PARK RD	$799,999	$810,000	$3	2.1	1969	DETACHD	4
14799 UPLANDS DR	$900,000	$815,000	$4	2	2150	DETACHD	43
840 LAKE FOREST DR	$875,000	$900,000	$3	3	2344	DETACHD	5
4410 LORDS LN	$1,399,000	$1,200,000	$5	3.1	3499	DETACHD	17
7 NANSEN	$1,395,000	$1,250,000	$4	4.1	5640	DETACHD	51
586 WEIDMAN CT	$1,275,000	$1,275,000	$5	3.1	3796	DETACHD	3
15470 BOONES WAY	$1,390,000	$1,296,000	$3	2.1	3515	ATTACHD	121
5015 DENTON DR	$1,299,500	$1,335,000	$4	2.1	3131	DETACHD	2

We are having glorious weather with beautiful sunny skies and mid 80’s temperatures. I feel really blessed to live in the Pacific Northwest.

Last week in Lake Oswego we had 25 new listings, one of which sold quickly and appears in this report as a pending sale. There were 12 properties that entered pending status and 14 sold/closed properties.

See below for RMLS data.

New on the market July 17-23, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
100 Kerr Pkwy #42	Condo	$237,500	2	1.5	822
205 Cervantes	Condo	$275,000	2	1.5	1216
15290 Quarry Rd	Detached	$515,000	3	1	990
34 Churchill Downs	Detached	$824,000	4	3	2080
17753 Overlook Circle	Detached	$824,900	4	3	3455
17 Da Vinci St	Detached	$890,000	3	2	1876
43 Aquinas St	Detached	$899,000	3	2.5	2138
2401 Mayors Ln	Detached	$900,000	4	3	3076
885 Lake Forest Dr	Detached	$1,100,000	3	3	2206
3814 Rivers Edge Dr	Detached	$1,100,000	4	2.5	3213
15550 Quarry Rd	Detached	$1,100,000	4	3	2714
10 Independence Ave	Detached	$1,195,000	4	3.5	4192
524 Weidman Ct	Detached	$1,298,000	4	2.5	3450
1225 Bickner St	Detached	$1,350,000	4	2.5	2817
378 9th St	Detached	$1,350,000	3	2.5	2019
14143 Taylors Crest Ln	Detached	$1,449,000	4	3	3453
1178 Tyndall Ct	Detached	$1,750,000	4	3.5	3850
13571 Westlake Dr	Detached	$1,799,000	5	4.5	4078
1777 Skyland Dr	Detached	$2,595,000	4	3.5	4871
19777 Sycamore Ave	Detached	$3,499,000	4	4.5+.5	4432
4200 Old Gate Rd	Detached	$3,500,000	5	4.5	4871
13799 Atwater Ln	Detached	$3,995,000	4	4	4700
12850 Fielding Rd	Detached	$11,500,000	9	9.5+.5	19444
1500 Northshore Rd	Detached	$11,500,000	5	6.5+.5+.5	13462

Pending Sales July 17-23, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
152 Oswego Summit	Condo	$285,000	3	2	1383	46
1602 Bonniebrae Dr	Attached	$425,000	2	1	864	39
36 Condolea Dr	Condo	$465,000	2	2	1432	28
6401 McEwan Rd	Detached	$499,000	3	2	1050	6
1290 Pine St	Detached	$750,000	3	2	2048	4
791 4th St	Detached	$774,900	3	2	1568	44
17280 Westview Dr	Detached	$819,900	3	3	2324	13
4584 Trillium Woods	Attached	$925,000	3	2.5	2174	8
5316 Childs Rd	Detached	$1,200,000	5	2.5	3854	21
2094 Ridgewood Rd	Detached	$1,250,000	4	2.5	2616	21
17656 Woodhurst Pl	Detached	$1,250,000	4	2.5	4559	35
16902 Chapin Way	Detached	$1,895,000	4	4	3829	37

Sold/Closed July 17-23, 2023

Address	Type	List Price	Closed Price	Sq Feet	CDOM
48 Eagle Crest Dr 5F	Condo	$300,000	$300,000	1370	128
4000 Carman Dr #60	Condo	$324,900	$312,000	866	54
4366 Woodside Circle	Attached	$589,000	$625,000	1962	8
4152 Harvey Way	Detached	$600,000	$635,000	1866	16
65 Greenridge Ct	Condo	$695,000	$699,000	1298	3
54 Touchstone	Detached	$789,000	$841,000	1622	5
2661 Lookout Ct	Detached	$1,095	$942,000	3212	40
449 C Ave	Detached	$999,000	$950,000	2261	10
13354 Green Bluff Dr	Detached	$1,699,000	$1,606,000	4210	19
804 2nd St	Detached	$1,725,000	$1,700,000	2961	39
550 Middlecrest Rd	Detached	$1,999,900	$2,075,000	2332	2
890 Lake Shore Rd	Detached	$3,199,000	$3,138,000	3555	5
14056 Goodall Rd	Detached	$4,100,000	$4,100,000	7113	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

Here is our monthly look at the surrounding areas and LO stats broken out at the bottom:

Overview/Fluctuations ~ June 2023 Market Data:                                             Summer’s in full swing and homes priced correctly are flying off the shelf (as it were). Time on the  Market dropped from 40 days in May to 33 days (47 days in April and 57 days in March). Average & Median Prices in the greater metro area have dropped and are increasing incrementally each month. Inventory rose from 1.9 months to 2.0 in June. Buyers are out and I hear more people saying they’re waiting till later this month (July) or August to move forward with Listings, so we’ll see how next month’s report looks. Check out the Neighborhood Breakdown below as some area prices went up and some went down from May. Rates: “I’m seeing positive movement now with good inflation news. Rates are hanging in the high 6% range”       Gary Boyer, Regional VP, Directors Mortgage

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

• There were 3,298 New Listings in June– which is down 23.2% from 4,295 in June 2022 and up 1.8% from the 3,200 in the previous month/May.
• At 2,085 June 2023’s Closed Sales (Solds) are down 27.9% from June 2022’s 2,893, and up 3.8% from the previous month’s total of 2,008.
• At 2,272 June 2023’s Pending Sales (Accepted Offers) are down 11.4% from June 2022’s 2,563, and also doen 4.5% from the previous month/May’s total of 2,379.
• The Average Sale Price for June 2023 of, $626,800 is down $6,500 from last year/June 2022’s $633,300, and up $8,000 from the previous month/May’s $618,800. 
• The “Median Sale Price (the price smack dab in the middle of all sales) in June 2023 of $559,900 dropped $10,100 from June 2022’s $570,000, & is up $9,900 from May’s $550,000. 

LAKE OSWEGO: (June ’23)

236 Active Listings (May 206)
195 New Listings  (May 165)
118 Pending Sales (May 122)
87 Closed Sales  (May 110)
Average Sale Price for June: $1,030,500 (May $1,043,900)
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.
35 Days on the Market   May 44)

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

Even with the July 4th holiday, the real estate activity in Lake Oswego held strong. There were 16 new listings, one of which sold fast and appears in this report as a pending sale. There were 16 properties that accepted offers and moved into pending status, and 12 closed sales.

See below for RMLS data.

New on the Market July 3-9, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
19201 Indian Creek Ave	Detached	$699,900	4	2.5	1721
5233 Rosewood St	Detached	$699,900	3	2.5	1650
4980 Suntree Ln	Detached	$749,000	3	2.5	2135
17280 Westview Dr	Detached	$789,000	3	3	2324
2050 Greentree Rd	Detached	$799,900	3	2	2052
4 Northview Ct	Attached	$799,900	4	3.5	3080
1941 Green Acres Ln	Detached	$855,000	4	2.5	2459
4500 Galewood St	Detached	$875,000	4	2.5	2373
18100 Bryant Rd	Detached	$1,050,000	3	1.5	1425
427 9th St	Detached	$1,450,000	5	3.5	3250
3300 Southshore Blvd	Detached	$1,499,000	2	1.5+.5	1230
21 D #16	Condo	$3,708,988	2	2.5	3267
17515 Blue Heron Rd	Detached	$3,895,000	5	5.5+.5	6951
1120 Crestline Ct	Detached	$4,950,000	5	5.5	6440
1617 Lake Front Rd	Detached	$5,750,000	4	4.5	4610

Pending Sales July 3-9, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
4000 Carman Dr #35	Condo	$330,000	2	2	869	30
204 Cervantes	Condo	$345,000	3	1.5	1138	124
4152 Harvey Way	Detached	$635,000	3	2.5	1866	16
65 Greenridge Ct	Condo	$699,000	2	2	1298	3
4855 Centerwood St	Detached	$825,000	3	2.5	2210	5
14318 Camden Ln	Detached	$850,000	4	2.5	2980	57
2661 Lookout Ct	Detached	$995,000	4	2.5	3212	40
641 3rd St #2	Condo	$1,190,000	3	2.5	2092	3
20 Nansen Summit	Detached	$1,220,000	4	3.5	3768	43
5726 Charles Circle	Detached	$1,279,000	4	3.5	3196	45
5349 Washington Ct	Detached	$1,400,000	4	3.5	3906	25
1888 Oak Knoll Ct	Detached	$1,495,000	4	3.5	3022	10
64 Berwick Rd	Detached	$1,595,000	4	3.5	3740	7
15985 Bonaire Ave	Detached	$1,599,000	3	3	2910	10
655 7th St	Detached	$1,985,000	3	2.5	2796	23
1186 Crestline Ct	Detached	$4,500,000	6	6.5+.5+.5	14411	211

Sold/Closed July 3-9, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
100 Kerr Pkwy #48	Condo	$229,000	$239,200	617	56
44 Eagle Crest Dr #37	Condo	$240,000	$243,000	908	11
55 Galen St	Condo	$325,000	$315,000	989	24
80 Galen St #80	Condo	$325,000	$325,000	995	5
4459 Golden Ln	Condo	$464,900	$410,500	1980	82
1450 Greentree Circle	Detached	$750,000	$768,000	2601	5
15923 Twin Fir Rd	Detached	$849,900	$829,000	2597	15
43 Becket St	Detached	$1,070,000	$970,000	3689	6
13607 Fielding Rd	Detached	$1,081,168	$1,081,168	3355	0
321 3rd St	Attached	$1,195,000	$1,200,000	1996	2
319 3rd St	Attached	$1,250,000	$1,212,500	1937	7
735 7th St	Detached	$2,099,000	$2,105,000	3073	8

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.