Category: Market Activity

Last week in Lake Oswego 21 properties entered the market (New), 12 moved to Pending status, and 10 Closed/Sold. Right now there are 166 properties available ranging from $297,000 to $8,998,000.

Here is the breakdown:

NEW June 26-July 2, 2023

Address	List Price	Beds	Baths	SF	Prop Type
200 BURNHAM RD #306	$340,000	2	1	1199	CONDO
5062 FOOTHILLS DR, G	$439,000	2	2	1252	CONDO
5071 W SUNSET DR	$630,000	2	2.1	1734	ATTACHD
440 BOCA RATAN DR	$769,900	3	2	1934	DETACHD
31 WALKING WOODS DR	$825,000	4	3	2855	DETACHD
4855 CENTERWOOD ST	$825,000	3	2.1	2210	DETACHD
31 PARTRIDGE LN	$835,000	4	3	3125	DETACHD
412 LIVINGOOD LN	$998,900	5	2.1	3880	DETACHD
2255 GLEN HAVEN RD	$1,069,000	3	3	2814	DETACHD
641 3RD ST #2	$1,190,000	3	2.1	2092	CONDO
5316 CHILDS RD	$1,200,000	5	2.1	3854	DETACHD
2094 RIDGEWOOD RD	$1,250,000	4	2.1	2616	DETACHD
17532 OAK MEADOW LN	$1,299,900	5	3	3046	DETACHD
3801 Carman DR	$1,495,000	4	4.1	3290	DETACHD
13880 KNAUS RD	$1,500,000	4	3	3762	DETACHD
64 BERWICK RD	$1,595,000	4	3.1	3740	DETACHD
15985 BONAIRE AVE	$1,599,000	3	3	2910	DETACHD
542 4TH ST	$1,599,000	$4	4.2	3512	ATTACHD
1808 RIDGE POINTE DR	$2,249,000	$4	3.1	4860	DETACHD
4311 UPPER DR	$2,390,000	$5	3.1	5051	DETACHD
151 3RD ST #1	$2,500,000	$3	2.1	3278	CONDO

PENDING June 26-July 2, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
29 OSWEGO, Grnd	$254,900	1	1	669	CONDO	67
5225 JEAN RD #309	$395,000	2	2	1100	CONDO	15
4901 CHILDS RD	$415,000	3	1	1440	DETACHD	40
39 GREENRIDGE CT	$500,000	3	1.1	1652	ATTACHD	5
4366 WOODSIDE CIR	$589,000	3	2.1	1962	ATTACHD	16
440 BOCA RATAN DR	$769,900	3	2	1934	DETACHD	4
2 MORNINGVIEW PL	$789,000	3	2.1	1887	ATTACHD	5
2410 PARK RD	$799,999	3	2.1	1969	DETACHD	4
14799 UPLANDS DR	$850,000	4	2	2150	DETACHD	43
7 NANSEN	$1,299,000	4	4.1	5640	DETACHD	51
16902 CHAPIN WAY	$1,950,000	4	4	3829	DETACHD	13
1501 COUNTRY CLUB RD	$2,200,000	5	4	4691	DETACHD	27

SOLD June 26-July 2, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
16250 PACIFIC HWY #55	$370,000	$349,500	2	2	1305	CONDO	57
1458 BOCA RATAN DR	$594,900	$580,000	3	2	1611	ATTACHD	22
200 BURNHAM RD #311	$678,800	$655,000	3	2	1862	CONDO	22
3190 RAINBOW DR	$585,000	$681,000	3	2	2808	DETACHD	4
5106 LAKEVIEW BLVD	$670,000	$715,000	3	2	1769	DETACHD	6
5829 BENFIELD CT	$749,900	$719,900	4	2.1	1744	DETACHD	13
4 CELLINI CT	$775,000	$800,000	4	3	2709	DETACHD	4
1260 ROCKINGHORSE LN	$1,010,000	$1,210,000	4	2.1	2176	DETACHD	3
16321 WHITE OAKS DR	$1,349,000	$1,350,000	4	3.1	2950	DETACHD	4
18480 DELENKA LN	$1,460,000	$1,430,000	5	4.1	4829	DETACHD	18

Last week in Lake Oswego there were 16 new listings, 4 of which sold quickly and appear in this report as pending. There were 14 pending sales, and 17 sold/closed transactions.

See below for RMLS data.

New on the Market June 19-25, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
4 Touchstone #65	Condo	$320,000	3	2.5	1351
36 Condolea Dr	Condo	$474,900	2	2	1432
18005 Belmore Ave	Detached	$539,900	3	1.5	1012
18316 Terry Ave	Detached	$599,900	3	1.5	1250
4152 Harvey Way	Detached	$635,000	3	2.5	1866
5059 W Sunset Dr	Attached	$649,000	2	2.5	1794
4121 Hedge Nettle Ct	Detached	$899,000	4	2.5	2307
18000 Sarah Hill Ln	Detached	$1,949,990	4	2.5	3085
611 Ridgeway Rd	Detached	$2,220,000	4	5.5	4847
15499 Diamond Hill Rd	Detached	$2,685,000	4	3.5	3417
2260 Summit Ct	Detached	$3,799,000	4	4.5	3797
12760 Fielding Rd	Detached	$3,850,000	2	2.5	4142

Pending Sales June 19-25, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
100 Kerr Pkwy 330	Condo	$154,900	1	1	617	130
48 Eagle Crest Dr 5F	Condo	$300,000	2	2	1370	128
159 Oswego Summit	Condo	$395,000	2	2	1506	55
5237 Dawn St	Detached	$674,900	3	1.5	1654	5
1450 Greentree Cir	Detached	$750,000	5	3	2601	5
526 2nd St #20	Condo	$789,000	2	2.5	1576	5
17850 Pilkington Rd	Detached	$799,900	3	2.5	3084	222
1474 Greentree Cir	Detached	$939,000	3	2	1842	3
5525 Bay Creek Dr	Detached	$1,100,000	4	2.5	3377	2
573 2nd St	Condo	$1,250,000	2	2.5	1659	3
5015 Denton Dr	Detached	$1,299,500	4	2.5	3131	2
17900 Green Bluff Dr	Detached	$1,699,000	4	3.5	4210	19
1611 Leslie Ln	Detached	$3,950,000	5	5.5+.5	6979	47
1661 Phantom Bluff Ct	Detached	$4,785,000	5	5.5	5371	1

Sold/Closed June 19-25, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
4425 Thunder Vista Ln	Condo	$450,000	$450,000	1949	1
5852 Lakeview Blvd	Detached	$520,000	$505,000	1111	9
17910 Belmore Ave	Detached	$499,000	$507,000	1624	7
14345 Holly Springs Rd	Condo	$685,000	$697,000	1940	16
79 Greenridge Ct	Attached	$675,000	$710,000	1642	5
18400 Indian Creek Dr	Detached	$675,000	$710,000	1736	78
20 Partridge Ln	Detached	$850,000	$825,000	3448	32
7 Becket St	Detached	$999,000	$890,000	4176	99
2280 Southshore Blvd	Detached	$949,000	$900,000	2176	12
1290 Rockinghorse Ln	Detached	$875,000	$985,000	1876	5
16960 Stafford Rd	Detached	$1,100,000	$1,000,000	2845	20
3220 Upper Dr	Detached	$875,000	$1,000,000	3053	5
17382 Brookhurst Dr	Detached	$1,285,000	$1,285,000	3725	15
17258 Kelok Rd	Detached	$1,585,000	$1,438,000	3742	15
3520 Upper Dr	Detached	$1,900,000	$1,600,000	1540	10
13460 Fielding Rd	Detached	$1,725,000	$1,875,000	3932	17
13751 Cameo Ct	Detached	$3,995,000	$3,525,000	4262	24

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 below:

Overview/Fluctuations ~ May 2023 Market Data:                                                      

Inventory is mysteriously staying the same (low).  So, the number of homes entering the market is increasing, the number of homes with accepted Offers is increasing, and the number of Closed sales is increasing…but Inventory is staying the same.  And if you look at the Neighborhood Report below you’ll see that in most areas on the east side (with the exception of Oregon City) the price is not moving dramatically from last month, while a few areas were really notable, such as Oregon City/Canby (which dropped by $46,500), West Portland (which rose by $42,500) and Beaverton/Aloha (which rose by $46,000).  Overall I’d say it looks to me like the west side is picking up faster than the eastside.

Rates: “Good news on the inflation front will help rates drop. Right now, we are still in the mid to upper 6% range”        Gary Boyer, Regional VP, Directors Mortgage

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

• There were 3,200 New Listings in May– which is down 15.9% from 3,853 in May 2022 and up 22.1% from the 2,653 the previous month.
• At 2,008 May 2023’s Closed Sales (Solds) are down 31.1% from May 2022’s 2,916, and up  17.6% from the previous month’s total of 1,707.
• At 2,379 May 2023’s Pending Sales (Accepted Offers) are down 23.8% from May 2022’s 3,122, and up 9.9% from the previous month/April’s total of 2,164.
• The Average Sale Price for May 2023 of, $618,800 is down $30,800 from last year/May  2022’s $649,600, and up $12,700 from the previous month/April’s $606,100. 
• The “Median” Sale Price (the price smack dab in the middle of all sales) in May 2023 of $550,000 dropped $25,000 from May 2022’s $575,000, & is up $20,000 from April’s $530,000. 

LAKE OSWEGO: (May ’23)

206 Active Listings (Apr 170)
165 New Listings  (Apr 135)
122 Pending Sales (Apr 107)
110 Closed Sales  (Apr 88)
Average Sale Price for May: $1,043,900 (Apr $1,126,300)
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.
44 Days on the Market   Apr 34)

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

Last week there were 21 properties entering the market (New) , 16 with accepted offers (Pending) and 11 that Closed/Sold. Right now there are 154 properties available in Lake Oswego ranging from $254,900 to $8,998,000.

Here’s the breakdown:

NEW June 13-18, 2023

Address	List Price	Beds	Baths	SF	Prop Type
92 CERVANTES CIR	$309,000	2	1.1	912	CONDO
92 CERVANTES CIR #11E	$309,000	2	1.1	912	CONDO
3190 RAINBOW DR	$585,000	3	2	2808	DETACHD
18 BRITTEN CT	$649,900	3	2.1	1972	ATTACHD
5237 SW DAWN ST	$674,900	3	1.1	1654	DETACHD
42 SPINOSA	$725,000	3	2.1	2056	DETACHD
1450 GREENTREE CIR	$750,000	5	3	2601	DETACHD
526 2ND ST #20	$789,000	2	2.1	1576	CONDO
13388 AUBURN CT	$839,500	3	2.1	2492	ATTACHD
3220 UPPER DR	$875,000	3	3	3053	DETACHD
875 LEE ST	$899,000	3	2	2200	DETACHD
1481 GREENTREE CIR	$900,000	4	3	2878	DETACHD
17986 SAINT CLAIR DR	$1,199,000	4	3	3104	DETACHD
586 WEIDMAN CT	$1,275,000	5	3.1	3796	DETACHD
5015 DENTON DR	$1,299,500	4	2.1	3131	DETACHD
18499 OLD RIVER DR	$1,799,900	4	3.1	4217	DETACHD
16902 CHAPIN WAY	$1,950,000	4	4	3829	DETACHD
655 7TH ST	$1,999,000	$3	2.1	2796	DETACHD
4247 LORDS LN	$2,680,000	$4	3.1	3840	DETACHD
17950 KELOK RD	$4,499,900	$6	6.1	6801	DETACHD
3434 LAKEVIEW BLVD	$8,998,000	$5	6.1	7102	DETACHD

PENDING June 13-18, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
3190 RAINBOW DR	$585,000	3	2	2808	DETACHD	4
46 GREENRIDGE CT	$599,000	3	2.1	2036	ATTACHD	97
605 ASH ST	$599,900	3	2	1528	DETACHD	30
18839 KRISTI WAY	$649,500	3	1.1	1344	DETACHD	34
5785 KIMBALL CT	$675,900	4	2	1346	DETACHD	45
54 TOUCHSTONE	$789,000	3	2	1622	DETACHD	5
1448 GREENTREE CIR	$945,000	4	2.1	2649	DETACHD	139
13354 TWIN CREEK LN	$1,095,000	4	2.1	3134	DETACHD	28
13657 PROVINCIAL HILL WAY	$1,100,000	4	2.1	2790	DETACHD	32
319 3RD ST	$1,250,000	3	3.1	1937	ATTACHD	7
586 WEIDMAN CT	$1,275,000	5	3.1	3796	DETACHD	3
2552 PALISADES CREST DR	$1,300,000	4	2.1	3263	DETACHD	26
17269 BRYANT RD	$1,399,990	5	3.1	3641	DETACHD	32
5349 WASHINGTON CT	$1,400,000	4	3.1	3906	DETACHD	9
17327 WESTVIEW DR	$2,324,900	5	4	4008	DETACHD	13
2410 GLEN EAGLES RD	$3,150,000	5	2.1	3523	DETACHD	29

SOLD June 13-18, 2023

3952 CARMAN DR	$425,000	$395,000	2	2.1	1146	CONDO	20
3982 CARMAN DR	$450,000	$512,210	3	2.1	1360	ATTACHD	4
1466 BONNIEBRAE DR	$610,000	$635,000	4	2	1721	ATTACHD	3
3290 CHILDS RD	$739,900	$801,000	3	1	1708	DETACHD	9
12770 SIERRA VISTA DR	$885,000	$885,000	4	2.1	2665	DETACHD	4
19863 SYCAMORE AVE	$1,050,000	$966,000	4	3	2961	DETACHD	94
13259 Sandalwood CT	$1,084,900	$1,099,000	5	3	2764	DETACHD	4
8 GARIBALDI ST	$1,150,000	$1,170,000	4	3	4080	DETACHD	26
5598 LUCE LN	$1,370,000	$1,425,000	4	3	3432	DETACHD	4
718 MAPLE ST	$1,950,000	$1,750,000	3	2.1	4023	DETACHD	251
1965 EGAN WAY	$1,850,000	$2,000,000	5	3.1	3899	DETACHD	3

Lots of real estate was happening in Lake Oswego last week. 22 properties came onto the market. Of those, 4 sold quickly and appear here a pending sales. There were 23 properties that went pending and 10 sold/closed homes.

See below for RMLS data.

New Listings June 5-11, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
4000 Carman Dr #35	Condo	$340,000	2	2	869
5225 Jean Rd 3309	Condo	$395,000	2	2	1100
5052 Foothills Rd D	Condo	$438,000	3	2	1252
1127 Cedar St	Detached	$625,000	2	1	1848
1001 Leonard St 2-4	Condo	$749,000	2	2	1736
17347 Ashley Ct	Attached	$825,000	4	2.5	2117
16 Walking Woods Dr	Detached	$828,000	3	2.5	2897
218 Hidalgo St	Detached	$879,000	4	2.5	3756
2979 Dellwood Dr	Detached	$939,000	4	3	3216
5904 Bay Point Dr	Detached	$1,150,000	4	2.5	3433
5349 Washington Ct	Detached	$1,400,000	4	3.5	3906
18653 Pilkington Rd	Detached	$1,750,000	4	3.5	3260
18284 Meadowlark Ln	Detached	$1,999,000	5	5.5	5425
1501 Country Club Rd	Detached	$2,200,000	5	4	4691
975 Englewood Dr	Detached	$3,995,000	4	4.5+.5	5980
18 Northshore Cir	Detached	$4,995,000	3	3.5	3501
15530 Diamond Head Rd	Detached	$7,200,000	5	6	6398
956 Westpoint Rd	Detached	$8,950,000	4	4.5+.5+.5	5235

Pending Sales June 5-11, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
45 Eagle Crest Dr 3400	Condo	$289,950	3	2	1348	39
80 Galen St	Condo	$325,000	2	2	995	5
248 Ridgeway Rd	Condo	$395,000	1	1	753	11
3952 Carman Dr	Condo	$400,000	2	2.5	1146	20
4366 Woodside Cir	Attached	$589,000	3	2.5	1962	2
1458 Boca Ratan Dr	Attached	$594,900	3	2	1611	22
260 Cervantes	Attached	$599,000	3	2.5	2551	6
79 Greenridge Ct	Attached	$675,000	2	2	1642	5
4 Cellini Ct	Detached	$775,000	4	3	2709	4
4959 Bilford Ln	Detached	$995,000	3	2.5	2456	3
449 C Ave	Detached	$999,000	3	2	2261	10
43 Becket St	Detached	$1,070,000	4	3.5	3689	6
592 Weidman Ct	Detached	$1,080,000	3	2.5	3035	38
302 Furnace St	Detached	$1,195,000	3	2.5	1945	10
2415 Park Rd	Detached	$1,219,000	4	2.5	2747	5
17237 Lowenberg Ter	Detached	$1,325,000	3	2.5	3150	3
18480 Delenka Ln	Detached	$1,460,000	5	4.5	4829	18
14611 Uplands Dr	Detached	$1,499,000	4	4	3118	42
814 Lake Shore Rd	Detached	$1,595,000	3	2.5+.5	2385	51
735 7th St	Detached	$2,099,000	3	3.5	3073	8
7 Dover Way	Detached	$2,595,000	5	5.5	7803	9
890 Lake Shore Rd	Detached	$3,199,000	3	3.5	3555	$3,199
584 Ridgeway Rd	Detached	$5,250,000	4	3.5+.5	4944	17

Sold/Closed June 5-11, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
86 Kingsgate Rd B104	Condo	$299,900	$300,000	938	6
5225 Jean Rd #501	Condo	$455,000	$440,250	1500	12
3575 Upper Dr	Detached	$595,000	$570,000	1376	0
4967 Galen St	Detached	$725,000	$725,000	2223	37
14141 Goodall Rd	Detached	$999,900	$865,000	1988	282
17321 Canyon Dr	Detached	$1,000,000	$955,000	4825	0
5434 Rosalia Way	Detached	$985,000	$963,000	2677	20
2944 Vale Ct	Detached	$1,400,000	$1,400,000	3392	2
17649 Woodhurst Pl	Detached	$1,550,000	$1,499,000	5669	65
1425 Chandler Rd	Detached	$3,790,000	$3,548,750	5692	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 was highly favorable for folks who are selling their homes. 26 properties accepted offers. There were 12 new listings. Three of those accepted offers quickly and are represented in this report as pending sales. There were also 12 closed/sold properties. With pending sales at more than twice the number of new listings, that is a strong sign that the market remains excellent for selling. It also shows that buyers want to purchase and are not dissuaded by today’s interest rates.

See below for RMLS data.

New Listings May 22-28, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
4 Touchstone #107	Condo	$289,999	3	2.5	1351
4901 Childs Rd	Detached	$525,000	2	1	1440
18936 Longfellow Ave	Detached	$689,900	3	1.5	1232
2661 Lookout Ct	Detached	$1,095,000	4	2.5	3212
1931 Park Forest Ct	Detached	$1,598,000	6	4.5	4107
13460 Fielding Rd	Detached	$1,725,000	3	4.5	3932
3521 Upper Dr	Detached	$1,900,000	3	2	1540
1192 Andrews Rd	Detached	$3,485,000	5	3.5	4604
584 Ridgeway Rd	Detached	$5,250,000	4	3.5+.5	4944

Pending Sales May 22-28, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
100 Kerr Pkwy 348	Condo	$229,000	1	1	617	20
44 Eagle Crest #37	Condo	$240,000	2	1	908	11
400 Carman Dr 360	Condo	$309,900	2	2	866	54
5 Galen St	Condo	$315,000	2	2	989	24
4 Touchstone #119	Condo	$318,900	3	2.5	1351	81
16250 Pacific Hwy #55	Condo	$349,500	2	2	1305	57
4425 Thunder Vista Ln	Condo	$450,000	2	2.5	1949	1
5225 Jean Rd 3501	Condo	$455,000	3	2	1500	12
17910 Belmore Ave	Detached	$499,000	3	1.5	1624	7
5852 Lakeview Blvd	Detached	$510,000	2	1	1111	9
103 Kingsgate Rd	Detached	$600,000	3	2.5	1352	19
18839 Kristi Way	Detached	$649,500	3	1.5	1344	11
6062 Burma Rd	Detached	$650,000	5	2	1875	94
16240 Parker Rd	Detached	$679,000	3	2	1454	94
5829 Benfield Ct	Detached	$719,900	4	2.5	1744	13
20 Partridge Ln	Detached	$825,000	5	3	3448	32
15923 Twin Fir Rd	Detached	$849,900	4	2.5	2597	7
2280 Southshore Blvd	Detached	$949,000	3	2	2176	11
17577 Blue Heron Ct	Detached	$989,000	5	3	2980	5
19863 Sycamore Ave	Detached	$995,000	4	3	2961	94
13354 Twin Creek Ln	Detached	$1,125,000	4	22.5	3134	4
321 3rd St	Attached	$1,195,000	3	3.5	1996	2
2552 Palisades Crest Dr	Detached	$1,300,000	4	2.5	3263	8
16321 White Oaks Dr	Detached	$1,349,000	4	3.5	2950	4
17269 Bryant Rd	Detached	$1,399,990	5	3.5	3641	10
804 2nd St	Detached	$1,750,000	5	2.5	2961	20

Sold/Closed May 22-28, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
3652 Spring Ln 4F	Condo	$400,000	$400,000	1117	19
18314 Fernbrook Ct	Detached	$550,000	$510,000	1036	6
10 Greenridge Ct	Attached	$520,000	$524,000	2063	11
16880 Tracy Ave	Detached	$539,900	$532,500	1080	97
4959 Dogwood Dr	Detached	$749,900	$740,000	2120	3
17220 Rebecca Ln	Detached	$775,000	$775,000	2004	5
51 Touchstone	Detached	$875,000	$875,000	3105	6
5539 Bay Creek Dr	Detached	$995,000	$1,015,000	2922	2
2803 Southshore Blvd	Detached	$1,495,000	$1,500,000	3747	12
16429 Bonaire Ave	Detached	$1,750,000	$1,850,000	3036	5
2950 Upper Dr	Detached	$1,899,000	$1,875,000	3396	5
17367 Lake Haven Dr	Detached	$2,249,900	$2,250,000	4225	2

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 the monthly breakdown of the prior month’s activity in the greater Portland area with Lake Oswego broken out at the bottom.

Overview/Fluctuations ~ April 2023 Market Data:                                             

Inventory is creeping up, but just enough to meet where it was in February. If you look at last year/April vs this year, New, Pending and Sold  categories are all down 28-38% and New & Pending sales are up slightly from the previous month. Basically, there are still not enough homes to meet demand & Buyers are out actively looking, so we’re recovering ground, but slowly. As with most things, the housing market is affected by the news cycle, and it would be reasonable to surmise that the brinksmanship on display in Washington is temporarily giving people pause.

Rates: “Rates have pushed into the mid to upper 6% range over the debt ceiling fight.” Gary Boyer, Regional VP, Directors Mortgage

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

• There were 2,653 New Listings in April– which is down 28.0% from 3,684 in April 2022 and up 1.1% from the 2,623 in March 2023.
• At 1,707 April 2023’s Closed Sales (Solds) are down 38.6% from April 2022’s 2,782, and down 2.2% from the previous month/March 2023’s total of 1,745.
• At 2,164 April 2023’s Pending Sales (Accepted Offers) are down 28.0% from April 2022’s 3,005, and up 4.1% from the previous month/March’s total of 2,079.
• The Average Sale Price for April 2023 of, $606,100 is down $26,800 from last year/April 2022’s $632,900, and up $21,600 from the previous month/March’s $584,500. 
• The “Median” Sale Price (the price smack dab in the middle of all sales) in April 2023 of $530,000 dropped $30,000 from April 2022’s $560,000, & is up $5,000 from March 2023’s $525,000. 

Neighborhoods (April ’23):

LAKE OSWEGO: (April ’23)

170 Active Listings (Mar 162)
135 New Listings  (Mar 127)
107 Pending Sales (Mar 94)
88 Closed Sales  (Mar 55)
Average Sale Price for April: $1,126,300 (Mar $991,500)
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.
34 Days on the Market   (Mar 60)

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

Last week Lake Oswego saw 28 properties enter the market (New), 17 move to Pending status, and 16 Closed/Sold.

Right now there are 127 properties available ranging from $154,900 to 9.9 Mil.

Here is the breakdown:

NEW May 15-21, 2023

Address	List Price	Beds	Baths	SF	Prop Type
3952 CARMAN DR	$425,000	2	2.1	1146	CONDO
3982 CARMAN DR	$450,000	3	2.1	1360	ATTACHD
17910 BELMORE AVE	$499,000	3	1.1	1624	DETACHD
5852 LAKEVIEW BLVD	$510,000	2	1	1111	DETACHD
1458 BOCA RATAN DR	$594,900	3	2	1641	ATTACHD
605 ASH ST	$599,900	3	2	1528	DETACHD
15435 MEADOWLARK CT	$815,000	3	3	1795	DETACHD
15923 TWIN FIR RD	$849,900	4	2.1	2597	DETACHD
16266 INVERURIE RD	$874,900	3	2	2503	DETACHD
14799 UPLANDS DR	$900,000	4	2	2150	DETACHD
2280 SOUTHSHORE BLVD	$949,000	3	2	2186	DETACHD
2280 SOUTHSHORE BLVD	$949,000	3	2	2176	DETACHD
19230 SW REDWING CT	$975,000	4	2	1842	DETACHD
17577 BLUE HERON CT	$989,000	5	3	2980	DETACHD
13354 TWIN CREEK LN	$1,125,000	4	2.1	3134	DETACHD
668 MCVEY AVE #12	$1,125,000	3	1.1	992	CONDO
1053 YATES ST	$1,179,900	4	2.1	2598	DETACHD
17007 WESTVIEW DR	$1,190,000	$5	4	2649	DETACHD
15119 QUARRY RD	$1,250,000	$3	2	2106	DETACHD
5726 CHARLES CIR	$1,299,000	$4	3.1	3196	DETACHD
2552 PALISADES CREST DR	$1,300,000	$4	2.1	3263	DETACHD
16321 WHITE OAKS DR	$1,349,000	$4	3.1	2950	DETACHD
17269 BRYANT RD	$1,399,990	$5	3.1	3641	DETACHD
18480 DELENKA LN	$1,460,000	$5	4.1	4829	DETACHD
1888 OAK KNOLL CT	$1,695,000	$4	3.1	3212	DETACHD
2300 CHILDS RD	$1,898,000	$4	2	3183	DETACHD
2410 GLEN EAGLES RD	$3,400,000	$5	2.1	3523	DETACHD
18015 CARDINAL DR	$3,999,900	$4	3.2	4119	DETACHD

PENDING May 15-21, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE #80	$245,000	2	2	984	CONDO	49
35 CRESTFIELD CT #35	$299,000	2	1	921	CONDO	36
5822 SW ROCKWOOD CT	$449,000	3	1.1	1092	DETACHD	40
3982 CARMAN DR	$450,000	3	2.1	1360	ATTACHD	4
14345 HOLLY SPRINGS RD	$685,000	4	2.1	1940	CONDO	16
5364 ROSEWOOD ST	$790,000	4	2.1	1980	DETACHD	12
18400 INDIAN CREEK DR	$799,900	4	3	1736	DETACHD	78
7 BECKET ST	$975,000	4	3.1	4176	DETACHD	59
13259 Sandalwood CT	$1,084,900	5	3	2764	DETACHD	4
8 GARIBALDI ST	$1,150,000	4	3	4080	DETACHD	26
11 NANSEN SMT	$1,198,000	4	4.1	4955	DETACHD	300
15119 QUARRY RD	$1,250,000	3	2	2106	DETACHD	4
17382 BROOKHURST DR	$1,285,000	4	3.1	3725	DETACHD	15
4410 LORDS LN	$1,399,000	5	3.1	3499	DETACHD	17
17258 KELOK RD	$1,585,000	3	2	3742	DETACHD	15
1273 WELLS ST	$1,795,000	5	3	4091	DETACHD	24
2320 GLEN HAVEN RD	$2,384,900	4	4	3875	DETACHD	224

SOLD May 15-21, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE DR #151	$224,900	$299,900	3	2.1	1351	CONDO	38
4000 CARMAN DR, A5	$300,000	$313,000	2	2	869	CONDO	6
16200 PACIFIC HWY #5	$530,000	$483,500	2	2	1207	CONDO	173
15960 SW LAKE FOREST BLVD	$624,900	$525,000	3	1	1080	DETACHD	172
5857 CARMAN DR	$575,000	$550,000	2	1	972	DETACHD	121
16309 LAKE FOREST BLVD	$599,900	$600,000	3	2	1583	DETACHD	4
4179 DOUGLAS WAY	$565,000	$652,000	3	2	1447	DETACHD	4
17635 DEEMAR WAY	$695,000	$689,000	4	2	1513	DETACHD	25
647 2ND ST	$795,000	$775,000	2	2	1457	ATTACHD	10
13594 BLAZER TRL	$895,000	$800,000	3	2	1996	DETACHD	73
3552 UPPER DR	$900,000	$1,105,000	3	2.1	2750	DETACHD	4
668 MCVEY AVE #12	$1,125,000	$1,125,000	3	1.1	992	CONDO	0
17623 BROOKHURST DR	$1,575,000	$1,500,000	3	3.2	3844	DETACHD	41
566 4TH ST	$1,599,000	$1,550,000	5	4.2	3512	ATTACHD	7
17101 CAMPUS WAY	$1,850,000	$1,725,000	4	4.1	3367	DETACHD	28
1199 FAIRWAY RD	$4,995,000	$4,050,000	4	4.2	5527	DETACHD	209

Last week in Lake Oswego there were 11 new listings, 3 of which sold quickly and are represented here as pending sales. There were 20 properties that went under contract and moved into pending status, and there were 9 sold/closed transactions.

See below for RMLS data.

New on the Market May 8-14, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
44 Eagle Crest Dr #37	Condo	$240,000	2	1	908
5225 Jean Rd #501	Condo	$455,000	3	2	1500
18839 Kristi Way	Detached	$649,500	3	1.5	1344
5829 Benfield Ct	Detached	$749,900	4	2.5	1744
15911 Fir Grove Ct	Detached	$959,776	4	2.5	2584
16164 Parker Rd	Detached	$1,300,000	3	2.5	2315
15575 Village Dr	Detached	$2,595,000	4	2.5	3163
3190 Douglas Circle	Detached	$2,998,000	4	3.5+.5	5007

Pending Sales May 8-14, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
86 Kingsgate Rd B104	Condo	$299,900	2	2	938	6
55 Galen St	Condo	$315,000	2	2	989	15
16250 Pacific Hwy #75	Condo	$388,000	3	2	1593	109
3652 Spring Ln 4F	Condo	$400,000	2	2	1117	19
5650 Lakeview Blvd	Detached	$549,000	3	2	2715	45
3575 Upper Dr	Detached	$595,000	2	2	1376	0
16309 Overlook Dr	Detached	$645,000	4	3	2567	4
200 Burnham Rd #311	Condo	$678,800	3	2	1862	22
644 Ellis Ave	Detached	$875,000	4	2	2335	47
17143 Rebecca Ln	Detached	$890,000	3	2.5	1943	13
1421 Cherry Crest Dr	Detached	$925,000	4	3	2785	5
1448 Greentree Circle	Detached	$945,000	4	2.5	2649	43
191 3rd St #6	Condo	$950,000	2	2	1523	33
5434 Rosalia Way	Detached	$985,000	4	2.5	2677	20
16960 Stafford Rd	Detached	$1,000,000	4	3.5	2845	20
17649 Woodhurst Pl	Detached	$1,550,000	5	4.5	5669	4
1965 Egan Way	Detached	$1,850,000	5	3.5	3899	3
13337 Leslie Ct	Detached	$2,595,000	4	3.5	4197	15
13751 Cameo Ct	Detached	$3,995,000	5	4.5+.5	4262	24
16309 Lake Forest Blvd	Detached	$599,900	3	2	1583	4

Sold/Closed May 8-14, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
15446 Stephanie Ct	Attached	$480,000	$480,000	1582	0
1966 Wembley Pl	Detached	$649,900	$721,100	2103	4
5865 Southwood Dr	Detached	$950,000	$1,010,000	3035	2
13254 Twin Creek Ct	Detached	$1,188,000	$1,050,000	3470	4
515 Laurel St	Detached	$1,725,000	$1,563,000	3382	199
1658 Village Park Ln	Detached	$1,750,000	$1,775,000	4634	3
929 Cumberland Rd	Detached	$2,800,000	$2,580,000	5095	250
13777 Cameo Ct	Detached	$3,395,000	$2,995,000	6984	240
17147 Old River Dr	Detached	$2,995,000	$2,995,000	6900	6

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 logged 28 properties entering the market (New), 23 moving to Pending status, and 17 that Sold/Closed. There are currently 143 properties available ranging from $154,900 to $9,900,000.

Here is the breakdown:

NEW May 1-7, 2023

Address	List Price	Beds	Baths	SF	Prop Type
100 KERR PKWY #48	$229,000	1	1	617	CONDO
45 EAGLE CREST DR #400	$289,950	3	2	1348	CONDO
86 KINGSGATE RD, B104	$299,900	2	2	938	CONDO
16309 LAKE FOREST BLVD	$599,900	3	2	1583	DETACHD
103 KINGSGATE RD	$600,000	3	2.1	1352	DETACHD
1221 BOCA RATAN DR	$600,000	3	2.1	1739	ATTACHD
5785 KIMBALL CT	$679,000	4	2	1346	DETACHD
14345 HOLLY SPRINGS RD	$685,000	4	2.1	1940	CONDO
260 CERVANTES	$690,000	3	2.1	2551	ATTACHD
4959 DOGWOOD DR	$749,900	3	2	2120	DETACHD
5364 ROSEWOOD ST	$790,000	4	2.1	1980	DETACHD
1421 CHERRY CREST DR	$925,000	4	3	2785	DETACHD
14318 CAMDEN LN	$945,000	4	2.1	2980	DETACHD
4783 BLACK FOREST CT	$974,500	4	3	2166	DETACHD
3231 DUNCAN DR	$1,175,000	4	2.1	2852	DETACHD
1031 SUNNINGDALE RD	$1,200,000	3	2	1917	DETACHD
2415 PARK RD	$1,265,000	4	2.1	2748	DETACHD
17382 BROOKHURST DR	$1,285,000	4	3.1	3725	DETACHD
7 NANSEN	$1,395,000	4	4.1	5640	DETACHD
4410 LORDS LN	$1,399,000	5	3.1	3499	DETACHD
2944 VALE CT	$1,400,000	4	2.1	3392	DETACHD
5811 STEWART GLENN CT	$1,550,000	4	2.1	3930	DETACHD
17258 KELOK RD	$1,585,000	3	2	3742	DETACHD
804 2ND ST	$1,875,000	5	2.1	2961	DETACHD
3721 UPPER DR	$1,995,000	4	2.1	3249	DETACHD
14381 FOSBERG RD	$2,150,000	4	3.1	5028	DETACHD
1901 CHILDS RD	$2,950,000	4	3	3716	DETACHD
14050 GOODALL RD	$2,999,900	5	4.2	6943	DETACHD

PENDING May 1-7, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
45 EAGLE CREST DR #302	$229,000	1	1	768	CONDO	4
4000 CARMAN DR, A5	$300,000	2	2	869	CONDO	6
10 GREENRIDGE CT	$520,000	3	1.1	2063	ATTACHD	11
15960 SW LAKE FOREST BLVD	$540,000	3	1	1080	DETACHD	172
18314 SW FERNBROOK CT	$550,000	3	1.1	1036	DETACHD	6
1302 BOCA RATAN DR	$615,000	3	2.1	1739	CONDO	24
14428 HOLLY SPRINGS RD	$650,000	3	2.1	1372	CONDO	86
4967 GALEN ST	$725,000	3	2.1	2223	DETACHD	37
4959 DOGWOOD DR	$749,900	3	2	2120	DETACHD	3
17515 Tree Top Way	$809,900	3	2	1975	DETACHD	3
12770 SIERRA VISTA DR	$885,000	4	2.1	2665	DETACHD	4
60 TOUCHSTONE	$885,000	4	3	2657	DETACHD	9
14141 GOODALL RD	$895,000	3	2.1	1988	DETACHD	292
18 BECKET ST	$1,070,000	3	2.1	4553	DETACHD	14
16121 PARELIUS CIR	$1,375,000	4	2.1	3506	DETACHD	4
2944 VALE CT	$1,400,000	4	2.1	3392	DETACHD	2
16429 BONAIRE AVE	$1,750,000	4	3.1	3036	DETACHD	5
814 LAKE SHORE RD	$1,790,000	3	2.2	2385	DETACHD	13
718 MAPLE ST	$1,949,000	3	2.1	4023	DETACHD	251
16693 PHANTOM BLUFF CT	$2,000,000	3	3	3201	DETACHD	4
14381 FOSBERG RD	$2,150,000	4	3.1	5028	DETACHD	1
1425 CHANDLER RD	$3,790,000	5	5.1	5692	DETACHD	236
1199 FAIRWAY RD	$4,195,000	4	4.2	5527	DETACHD	209

SOLD May 1-7, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
212 GREENRIDGE DR	$549,000	$547,000	3	2	1392	ATTACHD	1
206 GREENRIDGE DR	$597,000	$600,000	3	2	1362	ATTACHD	32
13125 VERMEER DR	$695,000	$698,000	4	2.1	2046	DETACHD	5
18701 BRYANT RD	$789,000	$749,900	3	2	1995	DETACHD	33
7 SPINOSA	$749,900	$758,000	3	3	2295	DETACHD	204
19211 INDIAN SPRINGS RD	$759,000	$760,000	4	3	2132	DETACHD	71
16932 GREENTREE AVE	$950,000	$835,000	4	3	3440	DETACHD	66
17502 ERIN CT	$999,000	$975,000	4	3	3142	DETACHD	7
624 LIVINGOOD LN	$975,000	$995,000	4	3	2612	DETACHD	3
3802 SOUTHSHORE BLVD	$995,000	$1,010,000	4	3	1908	DETACHD	3
1031 SUNNINGDALE RD	$1,200,000	$1,200,000	3	2	1917	DETACHD	0
16800 Lakeridge DR	$1,290,000	$1,220,000	4	3	2416	DETACHD	30
5811 STEWART GLENN CT	$1,550,000	$1,500,000	4	2.1	3930	DETACHD	0
2126 WEMBLEY PL	$1,795,000	$1,625,000	4	3.1	3603	DETACHD	83
3556 CARMAN DR	$2,200,000	$2,400,000	5	3.1	4000	DETACHD	118
13050 FIELDING RD	$3,200,000	$3,200,000	4	5	4805	DETACHD	1
2643 SOUTHSHORE BLVD	$3,695,000	$3,595,000	3	3.2	4872	DETACHD	93