Category: Market Activity

Last week there were a trio of 9’s… 9 properties entering the market, 9 moving to Pending status and 9 that Sold/Closed. There are currently 87 homes available in Lake Oswego ranging from $176,900– to $9.9 mil.

NEW Feb 6-12, 2023

Address	List Price	Beds	Baths	SF	Prop Type
100 KERR PKWY #30	$176,900	1	1	617	CONDO
237 CERVANTES #19	$315,000	2	1.1	1216	CONDO
30 CRESTFIELD CT #30	$339,000	2	2	989	CONDO
200 BURNHAM RD #304	$365,000	2	2	1305	CONDO
14428 HOLLY SPRINGS RD	$650,000	3	2.1	1372	CONDO
1714 GREENTREE RD	$979,000	4	3	3110	DETACHD
2481 MARYLSHIRE LN	$1,495,900	6	4	4091	DETACHD
2886 UPPER DR	$1,649,900	4	3	2674	DETACHD
17627 KELOK RD	$2,995,000	4	3	4024	DETACHD

PENDING Feb 6-12, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
14428 HOLLY SPRINGS RD	$650,000	3	2.1	1372	CONDO	2
19211 INDIAN SPRINGS RD	$759,000	4	3	2132	DETACHD	18
23 AQUINAS ST	$775,000	4	2.1	1840	DETACHD	10
17808 CARDINAL PL	$899,000	3	2	2008	DETACHD	5
757 C AVE	$1,299,900	4	3	2948	DETACHD	76
15791 TWIN FIR RD	$1,699,500	4	3.1	4035	DETACHD	197
2671 GLEN EAGLES RD	$1,795,000	3	3	4014	DETACHD	274
15784 TWIN FIR RD	$1,990,900	3	2.1	3471	DETACHD	5
3220 SOUTHSHORE BLVD	$2,490,000	2	3	3462	DETACHD	160

SOLD Feb 6-12, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
210 S STATE ST #5	$365,000	$345,000	2	1	1339	CONDO	70
30 CONDOLEA DR / Main	$450,000	$460,000	2	2	1420	CONDO	27
258 CERVANTES	$559,900	$560,000	3	2.1	2312	ATTACHD	3
15684 BOONES WAY	$815,000	$789,000	3	2.1	2425	DETACHD	97
3195 EDGEMONT RD	$975,000	$975,000	3	2	1858	DETACHD	4
913 SUNNY HILL DR	$1,250,000	$1,250,000	6	3.1	4196	DETACHD	7
789 E AVE	$1,899,900	$1,999,000	3	2.1	2733	DETACHD	4
17688 UPPER CHERRY LN	$2,850,000	$2,500,000	4	3.1	5040	DETACHD	67
17627 KELOK RD	$2,995,000	$2,995,000	4	3	4024	DETACHD	0

The market was rather quiet in Lake Oswego last week. There were 10 new listings, 3 of which sold quickly and are reflected here as pending sales, 13 pending sales and 4 closed sales.

I expect the market to really kick into gear the week after the super bowl. That is, in my experience, a very big week in real estate.

See below for RMLS data.

New Listings Jan 30-Feb 5, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
23 Aquinas St	Detached	$775,000	4	2.5	1840
4997 Mulholland Dr	Detached	$829,900	2	2.5	2468
13594 Blazer Trail	Detached	$895,000	3	2	1996
24 Grouse Terrace	Detached	$1,200,000	5	3.5	3673
21 D Ave #11	Condo	$1,665,600	2	2.5	1980
21 D Ave #15	Condo	$1,769,600	2	2.5	2094
21 D Ave #10	Condo	$1,802,400	2	2.5	2065

Pending Sales Jan 30-Feb 5, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
47 Eagle Crest Dr #18	Condo	$249,999	2	1	932	12
44 Eagle Crest Dr #24	Condo	$265,000	3	2	1085	5
30 Condolea Dr	Condo	$450,000	2	2	1420	27
1600 Aspen St	Detached	$575,000	3	2.5	2212	5
668 McVey Ave #57	Condo	$650,000	3	1.5	992	0
16061 Waluga Dr	Detached	$660,000	1	1	676	4
573 2nd St	Condo	$1,200,000	2	2.5	1659	15
17390 Grandview Ct	Detached	$1,450,000	4	4.5+.5	4502	8
776 Carrera Ln	Detached	$1,499,000	4	3	3449	28
18975 Olson Ave	Detached	$1,668,000	5	3	3569	144
1745 Mapleleaf Rd	Detached	$1,699,900	5	3.5	3661	100
16515 Inverurie Rd	Detached	$1,879,900	5	3.5	3490	3
1956 Highlands Loop	Detached	$2,750,000	5	4.5	4641	5

Sold/Closed Jan 30-Feb 5, 2023

Address	Type	List Price	Closed Price	Sq Feet	DOM
16 Summit Ridge Ct	Condo	$485,000	$454,900	1576	93
17920 Meadowlark Ln	Detached	$1,250,000	$1,168,500	2758	78
3900 Canal Rd	Detached	$1,850,000	$1,650,000	4934	0
4241 Cobb Way	Detached	$1,949,000	$1,949,000	3292	26

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 10 properties entering the market (New), 7 accepted Offers (Pending) and 6 that Sold/Closed in Lake Oswego. Right now there are 88 homes available ranging from $229,900 to $9.9 mil.

Here is the breakdown of last week’s activity:

NEW Jan 23-29, 2023

Address	List Price	Beds	Baths	SF	Prop Type
44 EAGLE CREST DR #24	$265,000	3	2	1085	CONDO
1600 ASPEN ST	$575,000	3	2.1	2212	DETACHD
1448 GREENTREE CIR	$945,000	4	2.1	2649	DETACHD
17390 GRANDVIEW CT	$1,450,000	4	4.2	4502	DETACHD
21 D AVE #6	$1,693,600	2	2.1	1999	CONDO
21 D AVE #3	$1,850,400	2	2.1	2178	CONDO
21 D AVE #8	$1,945,600	2	2.1	2183	CONDO
17173 CEDAR RD	$2,350,000	4	4.1	3996	DETACHD
1956 HIGHLANDS LOOP	$2,750,000	5	4.1	4641	DETACHD
17930 KELOK RD	$3,849,900	5	3.2	4715	DETACHD

PENDING Jan 23-29, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
16250 PACIFIC HWY #81	$327,800	1	1	841	CONDO	99
19019 TERRY AVE	$674,900	3	2	1344	DETACHD	9
19176 SW BENFIELD AVE	$749,900	3	2	1538	DETACHD	3
1248 LARCH ST	$750,000	4	2	2347	DETACHD	6
13991 MAJESTIC CT	$789,000	3	2	1765	DETACHD	6
15684 BOONES WAY	$815,000	3	2.1	2425	DETACHD	97
21 D AVE #7	$1,804,000	2	2.1	2023	CONDO	434

SOLD Jan 23-29, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
4361 ALBERT CIR	$919,000	$752,500	4	2.1	2382	DETACHD	118
16439 LEXINGTON CT	$740,000	$845,000	2	2	1563	DETACHD	52
13659 WESTLAKE DR	$1,625,000	$1,550,000	4	3.1	4422	DETACHD	122
141 FURNACE ST/Lower	$1,750,000	$1,615,000	2	2.1	2249	CONDO	67
16873 CANYON DR	$1,980,000	$1,980,000	4	4	3632	DETACHD	48
16885 FERNWOOD DR	$2,149,000	$2,149,000	4	3.1	3753	DETACHD	43

It feels to me like the market is really picking up. Multiple offers are happening again on well-priced houses. The inventory remains low, but it will pick up steam as we head towards spring.

Last week in LO there were 10 new listings, 7 of which sold fast and are represented here as pending sales. There were 13 houses that went pending, and 1 closed sale.

See below for RMLS data.

New on the Market January 16-22, 2023

Address	Type	Price	Bedrooms	Baths	Sq. Feet
44 Eagle Crest #23	Condo	$229,900	1	1	798
47 Eagle Crest #18	Condo	$249,999	2	1	932
16250 Pacific Hwy #75	Condo	$419,000	3	2	1593
16880 Tracy Ave	Detached	$539,900	3	1	1080
16019 Terry Ave	Detached	$674,900	3	2	1344
573 2nd St	Condo	$1,200,000	2	2.5	1659
2126 Wembley Pl	Detached	$1,795,000	4	3.5	3603

Pending Sales January 16-22, 2023

Address	Type	Price	Bedrooms	Baths	Sq. Feet	DOM
86 Kingsgate Rd #63	Condo	$265,000	2	2	849	156
3808 Botticelli St	Condo	$349,500	3	2	1224	3
12826 Boones Ferry Rd	Condo	$463,700	2	2.5	1182	73
258 Cervantes	Attached	$559,900	3	2.5	2312	3
18350 Pilkington Rd	Detached	$565,000	3	2	1290	2
1141 Devon Ln	Detached	$750,000	2	2.5	1932	17
791 4th St	Detached	$879,000	3	2	1568	240
1466 Nelson Ct	Detached	$1,149,000	4	3/5	3169	137
913 Sunny Hill Dr	Detached	$1,250,000	6	3.5	4196	7
853 E Ave	Detached	$1,999,000	3	3.5	2839	109
4938 Park Bluff Pl	Detached	$2,495,000	4	4.5	4046	167
17688 Upper Cherry Ln	Detached	$2,685,000	4	3.5	5040	67
3917 Southshore Blvd	Detached	$5,200,000	3	4.5+.5	5083	0

Closed/Sold January 16-22, 2023

Address	Type	List Price	Sold Price	Sq. Feet	CDOM
1612 Lake Front Rd	Detached	$950,000	$945,000	1831	51

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 we saw 6 properties enter the market in Lake Oswego, 6 move to Pending status, and 3 Sold/Closed.

Right now there are 91 homes available in lake Oswego ranging from 229,900 to 9.9 mil.

Here is the breakdown according to RMLS:

NEW Jan 9-15, 2023

Address	List Price	Beds	Baths	SF	Prop Type
258 CERVANTES	$559,900	3	2.1	2312	ATTACHD
15430 PARTRIDGE DR	$746,500	4	2.1	2279	DETACHD
913 SUNNY HILL DR	$1,250,000	6	3.1	4196	DETACHD
530 MIDDLECREST RD	$1,659,000	4	3	3280	DETACHD
4694 UPPER DR	$2,098,000	3	3	3637	DETACHD
1960 Mapleleaf RD	$2,450,000	5	5.1	4099	DETACHD

PENDING Jan 9-15, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
210 S STATE ST #5	$365,000	2	1	1339	CONDO	70
16 HOTSPUR ST	$799,000	4	3	2335	DETACHD	5
2845 VALE CT	$800,000	4	3	3157	DETACHD	101
3195 EDGEMONT RD	$975,000	3	2	1858	DETACHD	4
6545 CHILDS RD	$1,199,900	6	4.1	3508	DETACHD	28
789 E AVE	$1,899,900	3	2.1	2733	DETACHD	4

SOLD Jan 9-15, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
5 GOYA ST	$680,000	$665,500	4	2.1	2586	DETACHD	39
2424 GREENTREE RD	$729,000	$735,000	3	2.1	1944	DETACHD	17
4920 MULHOLLAND DR	$805,000	$775,000	3	2.1	2498	ATTACHD	62

So exciting to be starting another new year in real estate! I’ve been seeing tulips in the stores and enjoying that feeling that spring is around the corner.

While there are not yet tulips in our yards, there are houses coming on the market and selling. Last week in Lake Oswego we had 3 new listings, one of which sold quickly and is reflected here as pending. We also had 5 pending sales and 5 closed sales.

Please see below for RMLS data.

New on the Market Jan 2-8, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
16250 Pacific Hwy #57	Condo	$384,000	2	2	1305
30 Condolea Dr	Condo	$450,000	2	2	1420

Pending Sales Jan 2-8, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
16439 Lexington Ct	Detached	$740,000	2	2	1563	52
1141 Devon Ln	Detached	$750,000	2	2.5	1932	5
4361 Albert Circle	Detached	$795,000	4	2.5	2282	118
17920 Meadowlark Ln	Detached	$1,200,000	4	2.5	2758	10
13052 Knaus Rd	Detached	$1,400,000	4	3	3026	23

Sold/Closed Jan 2-8, 2023

Address	Type	List Price	Closed Price	Sq Feet	CDOM
3433 McNary Pkwy #806	Condo	$324,900	$308,300	1136	49
1475 Cornell St	Detached	$799,000	$640,000	1599	103
1310 Lee St	Detached	$789,900	$730,000	2344	91
2350 Southshore Blvd	Detached	$996,000	$926,000	2236	52
13017 Knaus Rd	Detached	$1,898,000	$1,595,000	4690	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.

Happy new Year! Here is a look at the last 3 weeks during the time we all withdraw focus from the rest of our lives and enjoy the holidays with family and friends. Real Estate is always happening even during the holidays, and/but tends to slow down a bit too. We’ve got 7 properties that entered the market, 10 that moved to Pending status, and 19 Closed/Sold. Right now there are 91 homes available in Lake Oswego ranging from $285,000 to $6.75 mil.

Here is the breakdown according to RMLS:

NEW Dec 12, 2022 – Jan 1, 2023

Address	List Price	Beds	Baths	SF	Prop Type
3930 LAKE GROVE AVE, #3B	$275,000	2	1	952	CONDO
211 CERVANTES	$359,900	2	2	1100	CONDO
6545 CHILDS RD	$1,199,900	6	4.1	3508	DETACHD
13052 KNAUS RD	$1,400,000	4	3	3026	DETACHD
2671 GLEN EAGLES RD	$1,895,000	3	3	4014	DETACHD
4340 CHAPMAN WAY	$2,450,000	5	4	4058	DETACHD
4101 SOUTHSHORE BLVD	$5,500,000	5	5.1	5938	DETACHD

PENDING Dec 12, 2022 – Jan 1, 2023

Address	List Price	Beds	Baths	SF	Prop Type	CDOM
16 SUMMIT RIDGE CT	$454,900	2	2.1	1576	CONDO	93
1475 CORNELL ST	$650,000	3	2	1599	DETACHD	103
2424 GREENTREE RD	$729,000	3	2.1	1944	DETACHD	17
4920 MULHOLLAND DR	$785,000	3	2.1	2498	ATTACHD	62
2350 SOUTHSHORE BLVD	$926,000	4	2.1	2236	DETACHD	52
1612 LAKE FRONT RD	$950,000	3	2	1831	DETACHD	51
17291 CEDAR RD	$1,245,000	5	4.1	2872	DETACHD	130
13659 WESTLAKE DR	$1,590,000	4	3.1	4422	DETACHD	122
17484 BRYANT RD	$1,675,000	4	3.1	3615	DETACHD	152
141 FURNACE ST/Lower	$1,699,000	2	2.1	2249	CONDO	67

SOLD Dec 12, 2022 – Jan 1, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	CDOM
45 EAGLE CREST DR, #407	$245,000	$203,000	2	1.1	1056	CONDO	48
86 CERVANTES CIR, #10B	$240,000	$238,000	2	1.2	912	CONDO	45
38 CERVANTES CIR	$249,500	$240,000	2	1.1	912	CONDO	5
3930 LAKE GROVE AVE, #3B	$275,000	$296,000	2	1	952	CONDO	163
201 CERVANTES / Lower	$325,000	$325,000	2	1.1	1247	CONDO	6
11 SUMMIT RIDGE CT	$475,000	$420,000	2	2.1	1576	ATTACHD	208
4226 WOODSIDE CIR	$537,500	$503,000	3	2	1578	ATTACHD	67
1273 BOCA RATAN DR	$450,000	$525,000	3	2	1398	ATTACHD	111
17050 TUALATIN ST	$749,000	$770,000	3	3	1905	DETACHD	31
17810 KELOK RD	$845,000	$830,000	3	2	1557	DETACHD	27
7200 CHILDS RD	$950,000	$850,000	4	4	2988	DETACHD	248
16678 INVERURIE RD	$810,000	$855,000	4	2	2666	ATTACHD	507
13248 ROGERS RD	$1,299,000	$1,125,000	5	3.1	3107	DETACHD	1
1451 GREENTREE CIR	$950,000	$1,125,000	4	3.1	2328	DETACHD	1
3056 WEMBLEY PARK RD	$1,350,000	$1,280,000	4	2.1	2611	DETACHD	9
13371 ATWATER LN	$1,899,000	$1,583,000	4	3	4795	DETACHD	32
13258 AMBER PL	$2,295,000	$1,775,000	4	4.1	3735	DETACHD	3
732 ELLIS AVE	$2,385,000	$2,095,000	4	2.1	3482	DETACHD	60
1625 CLOVERLEAF RD	$2,450,000	$2,149,000	4	4	3853	DETACHD	3

As 2022 winds down, we here at the blotter hope you are enjoying the cool, crisp air and all of the activities of the season.

Lake week in Lake Oswego there was 1 new listing, 7 properties that accepted offers and went into pending status, and 6 sold/closed sales

See below for RMLS data.

New on the Market Dec 5-11, 2022

Address	Type	Price	Bedrooms	Bath	Square Ft
2424 Greentree Rd	Detached	$729,000	3	2.5	1944

Pending Dec 5-11, 2022

Address	Type	Price	Bedrooms	Baths	Square Feet	DOM
38 Cervanes Cir	Condo	$244,500	2	1.5	912	31
5 Goya St	Detached	$680,000	4	2.5	2586	39
1310 Lee St	Detached	$719,900	3	2	2344	91
1261 Wells St	Detached	$1,550,000	4	3.5	4316	8
13017 Knaus Rd	Detached	$1,738,000	4	3.6	4690	148
13258 Amber Pl	Detached	$1,799,900	4	4.5	3735	54
732 Ellis Ave	Detached	$2,195,000	4	2.5	3482	101

Sold/Closed Dec 5-11, 2022

Address	Type	List Price	Closed Price	Square Ft	CDOM
3 Pericles	Detached	$725,000	$725,000	2617	2
6450 Frost St	Detached	$775,000	$787,000	2216	3
5045 Greensborough Ct	Detached	$899,900	$835,000	2107	112
1454 Glenmorrie Dr	Detached	$1,350,000	$1,350,000	3345	7
5996 Suncreek Dr	Detached	$1,450,000	$1,445,000	3596	0
285 Berwick Rd	Detached	$1,950,000	$1,950,000	2560	3

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.

This is our monthly look at the overall Portland area and neighborhoods including Lake Oswego broken out below:

Rates: “Rates have been improving with inflation pressures easing. Right now 30-year fixed rates are in the low 6% range.” Gary Boyer, Regional VP, Directors Mortgage          

According to the RMLS Market Action Report  for the Portland Metro Area-Nov 2022:

• There were 1,666 New Listings in Nov 2022 – down 25.3% from 2,229 in Nov 2021 and down 33.7% from the previous month/Oct’s 2,513.
• At 1,621 Nov 2022’s Closed Sales (Solds) are down 42.8% from Nov 2021’s 2,832, and down 17.1% from the previous month/Oct 2022’s total of 1,955.
• At 1,498 Nov 2022’s Pending Sales (accepted Offers) are down 43.7% from Nov 2021’s 2,660, and also down 18.4% from the previous month/Oct’s total of 1,835.
• The Average Sale Price in November 2022 of, $584,600 is up $9,000 from last year/Nov 2021’s $575,600, and down $7,400 from the previous month/Oct’s $592,000.  
• The “Median” Sale Price (the price smack dab in the middle of all sales) in November 2022 of $525,900 is up $8,100 over last year/Nov 2021’s $517,800, and down $11,100 from the previous month’s $537,000.

LAKE OSWEGO (November 2022):

173 Active Listings (Oct 177)
73 New Listings  (Oct 101)
48 Pending Sales (Oct 93)
69 Closed Sales  (Oct 96)
Average Sale Price for Nov: $1,003,400 (Oct $933,800)
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.
42 Days on the Market   (Oct 38)

Last week lake Oswego had 2 properties enter the market, 1 move to Pending status and 12 Sold/Closed. Right now there are 103 properties available ranging in price from $260,000 to $7,650,000.

Here is the breakdown according to RMLS:

NEW Nov 28-Dec 4, 2022

Address	List Price	Beds	Baths	SF	Prop Type
757 C AVE	$1,499,900	4	3	2948	DETACHD
548 4TH ST	$1,535,000	3	4.1	3186	ATTACHD

PENDING Nov 28-Dec 4, 2022

Address	List Price	Prop Type	SF	Beds	Baths	Days
7200 CHILDS RD	$975,000	DETACHD	2988	4	4	15

SOLD Nov 28-Dec 4, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE #147	$200,000	$150,000	3	2.1	1351	CONDO	0
4 TOUCHSTONEn #105	$210,000	$210,000	2	2	984	CONDO	3
112 OSWEGO SMT /Upper	$325,000	$315,000	2	2	1212	CONDO	13
4 SUMMIT RIDGE CT	$499,900	$440,000	2	2.1	1576	ATTACHD	93
6426 FROST ST	$699,900	$675,000	4	3	2276	DETACHD	17
6136 FERNBROOK CIR	$759,000	$759,000	3	2	1448	DETACHD	5
17608 SYDNI CT	$799,900	$775,000	4	2.1	2466	ATTACHD	126
18706 BRYANT RD	$789,900	$780,000	3	2.1	2489	DETACHD	6
314 2ND ST	$850,000	$890,000	3	3.1	1814	CONDO	9
5550 JEAN RD	$1,790,000	$1,450,000	4	4.1	3001	DETACHD	107
548 4TH ST	$1,535,000	$1,535,000	3	4.1	3186	ATTACHD	0
17312 BERGIS FARM DR	$1,920,000	$1,827,500	4	4.2	4804	DETACHD	0