Category: Market Activity

Last week in Lake Oswego we had 12 new listings, one of which sold quickly and appears here as a pending sale, 12 properties moved into pending status, and 14 sold/closed listings. This is very balanced with similar numbers in all 3 categories. This shows that it is neither a or a seller’s market. However, it feels to me like the market has shrunk as compared to last year. For May, these number feel small, at least to me.

See below for RMLS data.

New on the Market April 24-30, 2023

Address	Type	Price	Bedrooms	Baths	Sq. Feet
55 Galen St	Condo	$325,000	2	2	989
159 Oswego Summit	Condo	$395,000	2	2	1506
18314 Fernbrook Ct	Detached	$550,000	3	1.5	1036
114 Greenridge Ct	Attached	$624,000	3	2	1824
1368 Boca Ratan Dr	Condo	$625,000	2	2	1763
20 Partridge Ln	Detached	$850,000	5	3	3448
4798 Auburn Ln	Attached	$879,950	3	3.5	2700
60 Touchstone	Detached	$885,000	4	3	2657
17143 Rebecca Ln	Detached	$890,000	3	2.5	1943
592 Weidman Ct	Detached	$1,150,000	3	2.5	3035
14611 Uplands Dr	Detached	$1,595,000	3	4	3118

Pending Sales April 24-30, 2023

Address	Type	Price	Bedrooms	Baths	Sq. Feet	DOM
16200 Pacific Hwy #5	Condo	$499,900	2	2	1207	173
16880 Tracy Ave	Detached	$510,000	3	1	1080	97
4179 Douglas Way	Detached	$565,000	3	2	1447	4
4748 Amherst Ct	Attached	$675,000	3	2.5	3015	46
5434 Rosalia Way	Detached	$985,000	4	2.5	2677	5
23 Masaryk St	Detached	$1,050,000	3	2.5	2902	6
2468 Marylhaven Pl	Detached	$1,295,000	4	3.5	3606	34
5598 Luce Ln	Detached	$1,370,000	4	3	3432	4
5290 Childs Rd	Detached	$1,499,000	4	4.5	3671	47
1930 Indian Trail	Detached	$1,560,000	3	3	3260	5
566 4th St	Attached	$1,599,000	5	4.5+.5	3512	7
17367 Lake Haven Dr	Detached	$2,249,900	5	3	4225	2

Sold/Closed April 24-30, 2023

Address	Type	List Price	Closed Price	Sq Feet	CDOM
47 Eagle Crest Dr #31	Condo	$242,500	$260,000	1009	4
237 Cervantes #19	Condo	$315,000	$292,200	1216	54
4413 Thundervista Ln	Condo	$418,800	$416,000	1741	4
5465 Childs Rd	Detached	$789,000	$784,925	1544	7
1865 Mapleleaf Rd	Detached	$799,900	$800,000	1686	12
7 Hotspur St	Detached	$825,000	$810,000	2195	19
567 2nd St	Condo	$1,095,000	$1,095,000	1412	2
1380 Bonniebrae Dr	Detached	$1,250,000	$1,258,000	2940	5
4799 Lamont Way	Detached	$1,325,000	$1,325,000	3142	4
16461 Chapin Way	Detached	$1,475,000	$1,475,000	4012	4
16650 Fir Ln	Detached	$2,100,000	$2,100,000	3859	2
15880 Oswego Shore Ct	Detached	$2,225,000	$2,125,000	3977	26
13132 Thoma Rd	Detached	$3,650,000	$2,935,000	5434	336
14655 Uplands Dr	Detached	$3,300,000	$3,390,000	4775	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 logged 24 properties entering the market/New, 16 Accepted Offers/Pending, and 8 Closed/Sold. Right now there are 134 properties available ranging from $154,900 to $9.9 Mil.

Here is the breakdown:

NEW April 17-23, 2023

Address	List Price	Beds	Baths	SF	Prop Type
29 OSWEGO / Grnd	$259,900	1	1	669	CONDO
3652 SW SPRING LN #4F	$400,000	2	2	1117	CONDO
480 S STATE ST	$480,000	3	2	1659	CONDO
10 GREENRIDGE CT	$520,000	3	1.1	2063	ATTACHD
4179 DOUGLAS WAY	$565,000	3	2	1447	DETACHD
4430 GOLDEN LN	$635,000	3	3.1	2165	CONDO
200 BURNHAM RD #311	$678,800	3	2	1862	CONDO
5434 ROSALIA WAY	$985,000	4	2.1	2677	DETACHD
5530 BAY CREEK DR	$995,000	4	2.1	2922	DETACHD
23 MASARYK ST	$1,050,000	3	2.1	2902	DETACHD
18 BECKET ST	$1,070,000	3	2.1	4553	DETACHD
16960 STAFFORD RD	$1,100,000	4	3.1	2845	DETACHD
8 GARIBALDI ST	$1,150,000	4	3	4080	DETACHD
5598 LUCE LN	$1,370,000	4	3	3432	DETACHD
3823 Carman DR	$1,395,000	3	3.1	2970	DETACHD
1930 INDIAN TRL	$1,560,000	3	3	3260	DETACHD
566 4TH ST	$1,599,000	5	4.2	3512	ATTACHD
53 EAGLE CREST DR	$1,700,000	5	4.2	4918	DETACHD
1658 VILLAGE PARK LN	$1,750,000	4	3.2	4634	DETACHD
814 LAKE SHORE RD	$1,790,000	3	2.2	2385	DETACHD
1273 WELLS ST	$1,795,000	5	3	4091	DETACHD
16650 FIR LN	$2,100,000	4	3.1	3859	DETACHD
18011 Kelok RD	$2,495,000	3	3	1840	DETACHD
13751 CAMEO CT	$3,995,000	5	4.2	4262	DETACHD

PENDING April 17-23, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
35 CRESTFIELD CT #35	$299,000	2	1	921	CONDO	5
4347 SILVER CT	$534,900	3	2.1	1844	CONDO	12
206 GREENRIDGE DR	$597,000	3	2	1362	ATTACHD	32
17635 DEEMAR WAY	$695,000	4	2	1513	DETACHD	25
17220 REBECCA LN	$775,000	4	2.1	2004	DETACHD	5
3552 UPPER DR	$900,000	3	2.1	2750	DETACHD	4
624 LIVINGOOD LN	$975,000	4	3	2612	DETACHD	3
5530 BAY CREEK DR	$995,000	4	2.1	2922	DETACHD	2
13254 TWIN CREEK CT	$1,100,000	4	2.1	3470	DETACHD	40
3875 CARMAN DR	$1,395,000	4	4.1	3290	DETACHD	62
17623 BROOKHURST DR	$1,525,000	3	3.2	4194	DETACHD	41
530 MIDDLECREST RD	$1,600,000	4	3	3280	DETACHD	97
2126 WEMBLEY PL	$1,699,000	4	3.1	3603	DETACHD	83
1658 VILLAGE PARK LN	$1,750,000	4	3.2	4634	DETACHD	3
17101 CAMPUS WAY	$1,775,000	4	4.1	3367	DETACHD	28
16650 FIR LN	$2,100,000	4	3.1	3859	DETACHD	2

SOLD April 17-23, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
200 BURNHAM RD #303	$369,000	$359,000	2	1	1185	CONDO	18
5062 FOOTHILLS DR, H	$459,900	$415,000	3	2	1252	CONDO	151
4433 THUNDER VISTA LN/Grnd	$450,000	$450,000	2	2.1	2002	CONDO	7
16200 PACIFIC HWY #14	$500,000	$498,000	2	2	1207	CONDO	5
4430 GOLDEN LN	$635,000	$635,000	3	3.1	2165	CONDO	0
16472 BONAIRE AVE	$650,000	$670,000	3	2	1464	DETACHD	5
3131 WESTVIEW CT	$1,750,000	$1,710,000	4	4.1	4597	DETACHD	28
13581 GOODALL RD	$3,100,000	$3,100,000	4	4.1	5141	DETACHD	1

Last week in Lake Oswego there were 9 new listings, 4 of which sold quickly and appear in this report as pending, 18 pending sales, and 13 sold properties. Check out the market time on the pending sales. 11 of the 18 went pending in one week or less. Conditions for selling a house are really favorable right now.

See below for RMLS data.

New on the Market April 10-16, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
35 Crestfield Ct	Condo	$299,000	2	1	921
624 Livingood Ln	Detached	$975,000	4	3	2612
17656 Woodhurst Pl	Detached	$1,395,000	4	2.5	4597
1584 Oak St	Attached	$1,450,000	3	3	1860
3600 Upper Dr	Detached	$1,999,950	5	3	3771

Pending Sales April 10-16, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
48 Eagle Crest Dr #5F	Condo	$300,000	2	2	1370	60
4413 Thunder Vista Ln	Condo	$418,800	2	2.5	1741	4
212 Greenridge Dr	Attached	$549,000	3	2	1292	1
5720 Kenny St	Detached	$630,000	3	2	1416	4
1966 Wembley Pl	Detached	$649,900	3	3	2103	4
3290 Childs Rd	Detached	$739,900	3	1	1708	9
5465 Childs Rd	Detached	$789,000	3	2	1544	7
18701 Bryant Rd	Detached	$789,000	3	2	1995	33
13594 Blazer Trl	Detached	$797,500	3	2	1996	73
51 Touchstone	Detached	$875,000	4	2.5	3105	6
191 3rd St #6	Condo	$950,000	2	2	1523	7
17502 Erin Ct	Detached	$999,000	4	3	3142	7
4799 Lamont Way	Detached	$1,325,000	4	3	3142	4
2803 Southshore Blvd	Detached	$1,495,000	4	3	3747	12
515 Laurel St	Detached	$1,588,000	4	3.5	3382	199
2950 Upper Dr	Detached	$1,899,000	3	2.5	3396	2
17147 Old River Dr	Detached	$2,995,000	4	4.5+.5	6900	6
2643 Southshore Blvd	Detached	$3,595,000	3	3.5+.5	4872	93

Sold/Closed April 10-16, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
46 Crestfield Ct	Condo	$295,000	$310,000	923	3
5133 Timbergrove St	Detached	$649,900	$635,000	1440	25
1501 Fernwood Dr	Detached	$799,900	$804,000	1934	6
4199 Fruitwood Ct	Detached	$949,000	$1,015,000	2230	3
18490 Ray Ridge Dr	Detached	$1,100,000	$1,188,000	3426	4
5308 Southwood Dr	Detached	$1,195,000	$1,200,000	3003	2
430 9th St	Detached	$1,199,000	$1,203,500	2756	2
2481 Marylshire Ln	Detached	$1,495,900	$1,370,000	4091	66
1261 Wells St	Detached	$1,600,000	$1,650,000	4316	105
13310 Atwater Ln	Detached	$2,350,000	$2,245,000	5697	22
4983 Park Bluff Pl	Detached	$2,349,500	$2,250,000	4088	239
13151 Thoma Rd	Detached	$4,500,000	$3,520,000	5461	208
1455 Chandler Rd	Detached	$5,475,000	$5,100,000	5588	155

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.

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

• There were 2,623 New Listings in March– down 25.5% from 3,521 in March 2022 and up a whopping 48.7% from the previous month/Feb’s 1,764.
• At 1,745 March 2023’s Closed Sales (Solds) are down 35.0% from March 2022’s 2,683, and/but up 21.7% from the previous month/Feb 2023’s total of 1,434.
• At 2,079 March 2023’s Pending Sales (Accepted Offers) are down 31.7% from March 2022’s 3,045, and up 22.1% from the previous month/Feb’s total of 1,703.
• The Average Sale Price for March 2023 of, $584,500 is down $26,400 from last year/March 2022’s $610,900, and up $15,300 from the previous month/Feb’s $569,200. 
• The “Median” Sale Price (the price smack dab in the middle of all sales) in February 2023 of $525,000 dropped $25,000 from March 2022’s $550,000,  up $12,100 from Feb 2023’s $512,900. 

LAKE OSWEGO:

162 Active Listings (Feb 149)
127 New Listings  (Feb 92)
94 Pending Sales (Feb 54)
55 Closed Sales  (Feb 58)
Average Sale Price for March: $991,500 (Feb $984,400)
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.
60 Days on the Market   (Feb 57)

Last week Lake Oswego saw 19 New properties enter the market, 9 move to Pending status, and 8 Sold/Closed. There are currently 125 properties available in Lake Oswego ranging from $154,900 to $9.9 mil.

Here is the breakadown:

NEW April 3-9, 2023

Address	List Price	Beds	Baths	SF	Prop Type
4347 SILVER CT	$534,900	3	2.1	1844	CONDO
5822 SW ROCKWOOD CT	$545,000	3	1.1	1092	DETACHD
1302 BOCA RATAN DR	$615,000	3	2.1	1739	CONDO
5720 KENNY ST	$630,000	3	2	1416	DETACHD
3290 CHILDS RD	$739,900	3	1	1708	DETACHD
5465 CHILDS RD	$789,000	3	2	1544	DETACHD
51 TOUCHSTONE	$875,000	4	2.1	3105	DETACHD
5865 SOUTHWOOD DR	$950,000	4	2.1	3035	DETACHD
191 3RD ST #6	$950,000	2	2	1523	CONDO
17502 ERIN CT	$999,000	4	3	3142	DETACHD
18086 JENIFERS WAY	$1,000,000	3	2.1	2582	DETACHD
4799 LAMONT WAY	$1,325,000	4	2.1	3142	DETACHD
19263 35TH PL	$1,425,000	4	3.1	3476	DETACHD
16461 CHAPIN WAY	$1,475,000	4	2.1	4012	DETACHD
2803 SOUTHSHORE BLVD	$1,495,000	4	3	3747	DETACHD
17285 TUALATIN ST	$1,579,000	4	3	4178	DETACHD
15203 LILY BAY CT	$1,595,000	4	2.1	3216	DETACHD
17147 OLD RIVER DR	$2,995,000	4	4.2	6900	DETACHD
13050 FIELDING RD	$3,200,000	4	5	4805	DETACHD

PENDING April 3-9, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
237 CERVANTES #19	$315,000	2	1.1	1216	CONDO	54
4967 GALEN ST	$725,000	3	2.1	2223	DETACHD	4
647 2ND ST	$795,000	2	2	1457	ATTACHD	10
5865 SOUTHWOOD DR	$950,000	4	2.1	3035	DETACHD	2
3802 SOUTHSHORE BLVD	$995,000	4	3	1908	DETACHD	3
16461 CHAPIN WAY	$1,475,000	4	2.1	4012	DETACHD	4
1633 MAPLE ST	$1,495,000	3	3	3448	DETACHD	14
21 D AVE #8	$1,945,600	2	2.1	2183	CONDO	503
13050 FIELDING RD	$3,200,000	4	5	4805	DETACHD	1

SOLD April 3-9, 2023

Address	Opening	Closed	Prop Type	SF	Beds	Baths	Days
16061 WALUGA DR	$660,000	$450,000	DETACHD	676	1	1	45
11 EAGLE CREST DR	$575,000	$573,000	DETACHD	1522	2	2	4
765 10TH ST	$1,225,000	$1,000,000	DETACHD	2526	3	3	123
2329 STONEHURST CT	$1,250,000	$1,260,000	DETACHD	3622	4	3	5
4871 CENTERWOOD ST	$1,300,000	$1,350,000	DETACHD	2749	5	3	3
840 9TH ST	$2,150,000	$2,250,000	DETACHD	2835	4	4.1	4
614 CABANA LN	$2,498,000	$2,400,000	DETACHD	3257	3	3	2
17435 WREN CT	$3,695,000	$3,600,000	DETACHD	4134	4	4.1	156

Last week in Lake Oswego there were 9 new listings, 20 of which sold quickly and appear in the report as pending, 12 pending sales, and 4 sold/closed properties.

The spring market, in my opinion, is getting off to a slow start. However, what is coming on the market is selling quickly. It remains a great time to buy or to sell a house. I am expecting the inventory to increase as we get further into the season.

See below for RMLS data

New on the Market March 27-April 2, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
4 Touchstone #80	Condo	$245,000	2	2	984
4000 Carman Dr #60	Condo	$324,900	2	2	866
16250 Pacific Hwy #55	Condo	$370,000	2	2	1305
6 The Grotto	Detached	$649,000	3	2	1381
5178 Lower Dr	Detached	$694,500	3	2	1764
3290 Childs Rd	Detached	$739,900	3	1	1708
1228 Maple St	Detached	$2,279,000	4	3.5	3505

Pending March 27-April 2, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
47 Eagle Crest Dr #31	Condo	$242,500	2	1	1009	4
4 Touchstone Dr #151	Condo	$299,900	3	2.5	1351	38
5062 Foothills Dr H	Condo	$429,000	3	2	1252	151
16200 Pacific Hwy #14	Condo	$500,000	2	2	1207	5
5650 Lakeview Blvd	Detached	$549,000	3	2	2715	2
16472 Bonaire Ave	Detached	$650,000	3	2	1464	5
13125 Vermeer Dr	Detached	$715,000	4	2.5	2046	5
7 Spinosa	Detached	$749,900	3	3	2295	9
19211 Indian Springs Rd	Detached	$759,000	4	3	2132	71
7 Hotspur St	Detached	$825,000	4	3	2195	19
2318 Hillside Ln	Detached	$1,195,000	4	3.5	3258	14
4947 Park Bluff Pl	Detached	$2,400,000	4	4.5	4292	372

Sold/Closed March 27-April 2, 2023

Address	Type	List Price	Closed Price	Sq Feet	CDOM
44 Eagle Crest Dr #23	Condo	$229,000	$231,250	798	44
219 Cervantes #219	Condo	$325,000	$267,500	1100	110
1120 Boca Ratan Dr	Attached	$550,000	$550,000	1611	44
49 Da Vinci St	Detached	$899,900	$822,000	2351	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.

Last week Lake Oswego had 12 properties enter the market (New), 13 move to Pending/Accepted-Offer status, and 8 that Closed/Sold.

Right now there are 110 properties available in Lake Oswego ranging from $176,900 to $9.9 mil.

Here is the breakdown:

NEW March 20-26, 2023

Address	List Price	Beds	Baths	SF	Prop Type
47 EAGLE CREST DR #31	$242,500	2	1	1009	CONDO
200 BURNHAM RD #306	$354,900	2	1	1199	CONDO
16200 PACIFIC HWY #14	$500,000	2	2	1207	CONDO
17635 DEEMAR WAY	$695,000	4	2	1513	DETACHD
13125 VERMEER DR	$715,000	4	2.1	2046	DETACHD
647 2ND ST	$795,000	2	2	1457	ATTACHD
644 ELLIS AVE	$875,000	4	2	2335	DETACHD
7 BECKET ST	$999,000	4	3.1	4176	DETACHD
430 9TH ST	$1,199,000	2	2	2756	DETACHD
1633 MAPLE ST	$1,495,000	3	3	3448	DETACHD
17101 CAMPUS WAY	$1,850,000	4	4.1	3367	DETACHD
13570 GOODALL RD	$3,850,000	6	4.1	6211	DETACHD

PENDING March 20-26, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
46 CRESTFIELD CT/Upper	$295,000	2	1	923	CONDO	3
200 BURNHAM RD #303	$359,000	2	1	1185	CONDO	18
16880 TRACY AVE	$510,000	3	1	1080	DETACHD	63
5857 CARMAN DR	$575,000	2	1	972	DETACHD	121
206 GREENRIDGE DR	$597,000	3	2	1362	ATTACHD	5
16932 GREENTREE AVE	$850,000	4	3	3440	DETACHD	66
644 ELLIS AVE	$875,000	4	2	2335	DETACHD	3
4199 FRUITWOOD CT	$949,000	3	2	2230	DETACHD	3
430 9TH ST	$1,199,000	2	2	2756	DETACHD	2
3131 WESTVIEW CT	$1,750,000	4	4.1	4597	DETACHD	28
840 9TH ST	$2,150,000	4	4.1	2835	DETACHD	4
15880 OSWEGO SHORE CT	$2,175,000	5	3.1	3977	DETACHD	26
13777 CAMEO CT	$3,395,000	5	5.1	6984	DETACHD	240

SOLD March 20-26, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
1805 Headlee LN	$850,000	$850,000	2	2	2388	DETACHD	7
1550 BEDFORD CT	$845,000	$857,135	3	2.1	2411	DETACHD	3
18451 WAXWING ST	$975,000	$1,100,000	4	2.1	2730	DETACHD	2
17390 GRANDVIEW CT	$1,450,000	$1,465,000	4	4.2	4502	DETACHD	8
16515 INVERURIE RD	$1,879,900	$1,876,400	5	3.1	3490	DETACHD	3
15784 TWIN FIR RD	$1,990,900	$1,930,000	3	2.1	3471	DETACHD	5
4694 UPPER DR	$2,098,000	$2,000,000	3	3	3637	DETACHD	53
2485 GREENTREE RD	$2,325,000	$2,149,000	4	4	3853	DETACHD	186

Last week in Lake Oswego there were 5 new listings, one of which sold quickly and appears here as a pending sale, 11 houses that went pending, and 6 sold/closed properties.

I find myself intrigued by the low number of new listings. This is the time of year when they amp up. We should see this number increase significantly in the next 30 days.

See below for RMLS data.

New on the Market March 13-19, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
13254 Twin Creek Ct	Detached	$1,188,000	4	2.5	3470
2318 Hillside Ln	Detached	$1,195,000	4	4.5	3258
2020 Wembley Park Rd	Detached	$1,199,000	3	2	1712

Pending Sales March 13-19, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
4433 Thunder Vista Ln	Condo	$450,000	2	2.5	2002	7
16061 Waluga Dr	Detached	$450,000	1	1	676	45
11 Eagle Crest Dr	Detached	$575,000	2	2	1522	4
5133 Timbergrove St	Detached	$649,900	3	2	1440	25
1865 Mapleleaf Rd	Detached	$799,900	3	2	1686	12
567 2nd St	Condo	$1,095,000	2	2	1412	2
765 10th St	Detached	$1,099,000	3	3	2526	122
18490 Ray Ridge Dr	Detached	$1,100,000	3	3.5	3426	4
16800 Lakeridge Dr	Detached	$1,290,000	4	3	2416	11
13310 Atwater Ln	Detached	$2,350,000	5	4	5697	22
13132 Thoma Rd	Detached	$2,975,000	5	5.5	5434	336

Sold/Closed March 13-19, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
30 Crestfield Ct #30	Condo	$339,000	$315,000	9989	11
23 Aquinas St	Detached	$775,000	$775,000	1840	10
1265 Rockinghorse Ln	Detached	$875,000	$850,000	2452	211
24 Grouse Ter	Detached	$1,200,000	$1,100,000	3673	16
776 Carrera Ln	Detached	$1,499,000	$1,375,000	3449	221
15791 Twin Fir Rd	Detached	$1,739,000	$1,620,000	4035	197

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

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

• There were 1,764 New Listings in Feb– down 31.4% from 2,571 in Feb 2022 and also down 9.0% from the previous month/Jan’s 1,938.
• At 1,434 Feb 2023’s Closed Sales (Solds) are down 26.0% from Feb 2022’s 1,939, and/but up 31.8% from the previous month/Jan 2023’s total of 1,088.
• At 1,703 Feb 2023’s Pending Sales (Accepted Offers) are down 30.5% from Feb 2022’s 2,452, and also down a smaller fraction of 3.8% from the previous month/Jan’s total of 1,771.
• The Average Sale Price for February 2023 of, $569,200 is down $13,000 from last year/Feb 2022’s $582,200, and up a significant $36,300 from the previous month/Jan’s $532,900. 
• The “Median” Sale Price (the price smack dab in the middle of all sales) in February 2023 of $512,900 dropped $12,100 from Feb 2022’s $525,000, and is up $23,400 from January 2023’s $489,500. 

LAKE OSWEGO (February 2023):

149 Active Listings (Jan 132)
92 New Listings  (Jan 81)
54 Pending Sales (Jan 75
58 Closed Sales  (Jan 38)
Average Sale Price for Nov: $984,400 (Jan $1,005,400)
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.
57 Days on the Market   (Jan 58)

This last week Lake Oswego had 18 properties enter the market (New), 12 move to Pending/Accepted Offer stage, and 7 that Sold/Closed. Right now there are 112 properties to choose from in lake Oswego ranging from $176,900 to $9.9 mil.

Here is the breakdown of last week’s activity:

NEW March 6-12, 2023

Address	List Price	Beds	Baths	SF	Prop Type
4 TOUCHSTONE #119	$235,000	3	2.1	1351	CONDO
16250 PACIFIC HWY #71	$369,999	2	2	1305	CONDO
4459 GOLDEN LN, Grnd	$445,000	3	2.1	1737	CONDO
4433 THUNDER VISTA LN, Grnd	$450,000	2	2.1	2002	CONDO
46 GREENRIDGE CT	$685,000	3	2.1	2036	ATTACHD
4748 AMHERST CT	$695,000	3	2.1	3015	ATTACHD
18701 BRYANT RD	$789,000	3	2	1995	DETACHD
1865 MAPLELEAF RD	$799,900	3	2	1686	DETACHD
7 HOTSPUR ST	$825,000	4	3	2195	DETACHD
17950 SAINT CLAIR DR	$875,000	4	2.1	2895	DETACHD
18490 RAY RIDGE DR	$1,100,000	3	3.1	3426	DETACHD
5308 SOUTHWOOD DR	$1,195,000	4	3	3003	DETACHD
5290 CHILDS RD	$1,499,000	4	4.1	3671	DETACHD
17623 BROOKHURST DR	$1,575,000	3	3.2	4194	DETACHD
614 CABANA LN	$2,498,000	3	3	3257	DETACHD
13581 GOODALL RD	$3,100,000	4	4.1	5141	DETACHD
3531 Lake Grove AVE	$3,850,000	4	3.2	5036	DETACHD
3358 LAKEVIEW BLVD	$5,200,000	5	4	5133	DETACHD

PENDING March 6-12, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
1120 BOCA RATAN DR	$550,000	3	2	1611	ATTACHD	44
14 PREAKNESS CT	$749,000	2	2.1	2190	ATTACHD	5
1501 FERNWOOD DR	$779,900	4	3	1934	DETACHD	6
4997 MULHOLLAND DR	$799,900	2	2.1	2468	DETACHD	33
1550 BEDFORD CT	$845,000	3	2.1	2411	DETACHD	3
5308 SOUTHWOOD DR	$1,195,000	4	3	3003	DETACHD	2
2329 STONEHURST CT	$1,250,000	4	3	3622	DETACHD	5
4871 CENTERWOOD ST	$1,300,000	5	3	2749	DETACHD	3
4694 UPPER DR	$2,098,000	3	3	3637	DETACHD	53
614 CABANA LN	$2,498,000	3	3	3257	DETACHD	2
13581 GOODALL RD	$3,100,000	4	4.1	5141	DETACHD	1
1455 CHANDLER RD	$5,474,900	5	6.1	5588	DETACHD	155

SOLD March 6-12, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
44 EAGLE CREST DR, Lower	$265,000	$290,000	3	2	1085	CONDO	5
1731 ASPEN CT	$619,000	$614,000	3	2	1440	DETACHD	4
13991 MAJESTIC CT	$789,000	$812,000	3	2	1765	DETACHD	6
17950 SAINT CLAIR DR	$875,000	$860,000	4	2.1	2895	DETACHD	0
1466 Nelson CT	$1,195,000	$1,124,000	4	3.1	3169	DETACHD	137
1745 MAPLELEAF RD	$1,800,000	$1,610,000	5	3.1	3661	DETACHD	100
2671 GLEN EAGLES RD	$1,895,000	$1,760,000	3	3	4014	DETACHD	274