Market Activity Archives - Page 22 of 97

March 24, 2022September 11, 2022

Portland Area Real Estate Stats + LO ~ Feb 2022

Here is your look at what’s been happening in the overall Portland area including individual areas of the metro, and with Lake Oswego broken out below:

Overview/Fluctuations ~

Market Data February 2022:

In the first two months of 2022 as compared with the same period in 2021, New Listings have decreased 3.6%, Pending Sales have slightly increased at 0.6% and Closed Sales decreased 1.0%. Supply is still the drama queen affecting the local market and remains at historic lows, meaning Buyers are in heavy competition over what’s available. The other factor is rates. They are going to be going up, and not likely coming back down as low as they’ve been anytime soon, so if you’re wanting to purchase a home, it would be a good idea not to put it off.

Rates: “We have seen extreme volatility in the markets over the last few weeks. Right now 30-year fixed rates stand at about 4.125%.” Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS data for the Portland Metro Area- Feb 2022:

There were 2,571 New Listings in Feb 2022 increased 3.9% from Feb of 2021’s 2,474, and increased 11.4% from the previous month/Jan’s 2,307.
At 1,939 Feb 2022’s Closed Sales are down 2.0% from Feb 2021’s 1,978, and up 4.6% from the previous month/Jan 2022’s total of 1,853
At 2,452 Feb 2022’s Pending Sales are up 11.1% from Feb 2021’s 2,208, and up 7.2% from the previous month/Jan 2022’s total of 2,287.
The Average Sale Price in Feb 2022 of $582,200 is up $40,200 from last year/Feb 2021’s $542,000, and down a bit at $4,400 from the previous month/Jan’s $586,600.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Feb 2022 of $525,000 rose from last year/Feb 2021’s $479,100 by $45,900, and $13,000 from the previous month/Jan’s $512,000.

LAKE OSWEGO:

60 Active Listings (Jan 61)
110 New Listings (Jan 83)
103 Pending Sales (Jan 78)
66 Closed Sales (Jan 82)
Average Sale Price for Feb: $890,200 (Jan $1,054,400)
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.
25 Days on the Market (Jan 29)

March 24, 2022September 11, 2022

Market Activity ~ March 14-20, 2022

Last week Lake Oswego saw 13 properties come on the market, 17 move to Pending status and 19 Closed/Sold. There are currently 44 homes available in Lake Oswego ranging from $200,000 to $5.8mil.

NEW March 14-20, 2022

Address	List Price	Beds	Baths	SF	Prop Type
100 KERR PKWY #52	$229,000	1	1	617	CONDO
3433 MCNARY PKWY #107	$289,500	2	2	1008	CONDO
224 RIDGEWAY RD / Upper	$325,000	1	1	756	CONDO
5211 MADRONA ST	$574,900	3	2	2042	DETACHD
5832 BENFIELD CT	$575,000	3	1.1	1336	DETACHD
4902 CHILDS RD	$700,000	3	1.1	1370	DETACHD
412 LIVINGOOD LN	$1,072,698	5	2.1	3880	DETACHD
1640 OAK ST	$1,160,000	4	2.1	3301	DETACHD
18108 HOBBIT CT	$1,289,000	3	2.1	3780	DETACHD
362 9TH ST	$1,450,000	3	2.1	2018	DETACHD
4929 Park Bluff PL	$2,600,000	4	3.1	4067	DETACHD
1075 LAKE FRONT RD	$5,500,000	5	4.1	4562	DETACHD
14390 UPLANDS DR	$5,795,000	4	4.1	7839	DETACHD

PENDING March 14-20, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
6025 CARMAN DR	$699,900	3	2	1641	DETACHD	4
4870 CENTERWOOD ST	$839,900	4	2.1	2434	DETACHD	5
17348 HUNTER CT	$929,000	3	2.1	3112	DETACHD	4
1004 CUMBERLAND PL	$1,100,000	5	2	3313	DETACHD	4
12715 ADRIAN CT	$1,150,000	4	2.1	3003	DETACHD	3
1640 OAK ST	$1,160,000	4	2.1	3301	DETACHD	3
18108 HOBBIT CT	$1,289,000	3	2.1	3780	DETACHD	6
4030 CANAL WOODS CT	$1,380,000	5	4	4103	DETACHD	4
2612 RIVENDELL RD	$1,389,900	4	3	3521	DETACHD	4
1050 SCHUKART LN	$1,399,900	4	3.1	5847	DETACHD	4
735 7th ST	$1,725,000	3	3.1	3073	DETACHD	5
1949 CHERYL CT	$1,750,000	5	4.2	5011	DETACHD	4
3115 WEMBLEY PARK RD	$2,000,000	4	3.1	3800	DETACHD	8
13725 CAMEO CT	$2,195,000.00	5	4.1	4984	DETACHD	14
3578 CARMAN DR	$2,200,000.00	5	3.1	4000	DETACHD	27
4929 Park Bluff PL	$2,600,000.00	4	3.1	4067	DETACHD
1075 LAKE FRONT RD	$5,500,000.00	5	4.1	4562	DETACHD	0

SOLD March 14-20, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
45 EAGLE CREST DR #312	$229,000	$214,000	1	1	780	CONDO	16
12 CERVANTES CIR	$260,000	$305,000	2	1.1	912	CONDO	206
750 1ST ST E27	$615,900	$478,500	2	2	1350	CONDO	162
2806 SW ORCHARD HILL PL	$649,000	$649,000	3	2.1	2324	DETACHD	5
959 LEE ST	$719,000	$665,000	3	2	2340	DETACHD	42
3 MOUNTAIN CIR	$675,000	$730,000	3	2	1580	ATTACHD	4
16946 LOWER MEADOWS DR	$839,900	$839,900	3	2.1	1769	DETACHD	3
48 HILLSHIRE DR	$795,500	$955,000	4	3	3034	DETACHD	5
1770 HEADLEE LN	$879,000	$970,745	2	3	2505	DETACHD	4
4 WESTMINSTER DR	$895,000	$1,130,000	4	3	2258	DETACHD	6
2719 GREENTREE RD	$985,000	$1,150,000	5	3.1	3886	DETACHD	5
14232 MEADOW GRASS ST	$1,100,000	$1,249,000	4	3	2894	DETACHD	4
3778 RIVERS EDGE DR	$1,150,000	$1,365,000	4	3.1	3012	DETACHD	5
18002 PILKINGTON RD	$1,599,000.00	$1,600,000	4	3	3629	DETACHD	3
2305 GLEN HAVEN RD	$2,175,000.00	$2,275,000	5	4	3632	DETACHD	82
17486 REDFERN AVE	$2,175,000.00	$2,288,800	5	4	3632	DETACHD	4
3817 UPPER DR	$2,350,000.00	$2,615,000	5	3.1	4246	DETACHD	4
1845 HIGHLANDS LOOP	$2,995,000	$3,100,000	4	3.2	5306	DETACHD	3
2812 LAKEVIEW BLVD	$3,399,900	$3,400,000	3	3.1	3100	DETACHD	14

Criteria: (RMLS DATA) 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.

March 15, 2022March 15, 2022

Market Activity March 7-13, 2022

Last week in Lake Oswego there were 21 new listings, 15 that went into pending status, and 9 sold/closed properties.

Something that has frustrated me for a while is that when I pull the stats for this report many houses will have already moved into pending status, when, in fact, they were also new listings last week. I tried something different this week by taking an additional step to make sure they are included as new listings as well as pending. For this reason, you’ll see several properties that show up in both sections of this report.

See below for additional RMLS data.

New on the Market March 1-13, 2022

Address	Type	Price	BR	Baths	Sq Ft
45 Eagle Crest Dr #309	Condo	$259,900	2	2-Jan	1056
230 Laurel St	Detached	$661,900	3	2	1339
6025 Carman Dr	Detached	$699,900	3	2	1641
13700 Provencial Hill Dr	Detached	$725,000	4	2.5	2078
12729 SW 19th Ave	Detached	$799,000	4	3	2554
4870 Centerwood St	Detached	$839,900	4	2.5	2434
17348 Hunter Ct	Detached	$929,000	3	2.5	3112
5554 Luce Ln	Detached	$998,900	4	3	3269
1004 Cumberland Pl	Detached	$1,100,000	5	2	3313
12715 Adrian Ct	Detached	$1,150,000	4	2.5	3003
38 Briarwood Rd	Detached	$1,279,000	4	3	2552
26 Briarwood Rd	Detached	$1,279,000	4	3	2554
4030 Canal Woods Ct	Detached	$1,380,000	5	4	4103
2612 Rivendell Rd	Detached	$1,389,000	4	3	3521
1050 Schukart Ln	Detached	$1,399,000	4	3.5	5847
3938 Edens Edge Dr	Detached	$1,450,000	4	3.5	3880
21 D Ave #2	Condo	$1,718,400	2	2.5	2183
735 7th St	Detached	$1,725,000	3	3.5	3073
1949 Cheryl Ct	Detached	$1,750,000	$5	4.5+.5	5011
21 D Ave #12	Condo	$1,863,600	2	2.5	2177
3115 Wembley Park Rd	Detached	$2,000,000	4	3.5	3800

Pending Sales March 7-13, 2022

Address	Type	Price	BR	Baths	Sq Ft	CDOM
213 Cervantes	Condo	$329,000	2	1.5	1216	7
210 State St 37	Condo	$449,900	3	2	1302	32
4434 Thunder Vista Ln	Condo	$479,000	2	2.5	2040	4
27 Aquinas St	Detached	$559,900	3	2.5	1530	4
230 Laurel St	Detached	$661,900	3	2	1339	2
143 Church St	Detached	$700,000	2	1	1220	61
13700 Provincial Hill Dr	Detached	$725,000	4	2.5	2078	2
15562 Heritage Ct	Detached	$864,000	4	2.5	2338	5
23 Touchstone	Detached	$924,900	5	4	3169	7
554 Luce Ln	Detached	$998,900	4	3	3269	3
3778 Rivers Edge Dr	Detached	$1,150,000	4	3.5	3012	5
928 Lake Front Rd	Detached	$1,299,900	4	3	2468	6
3938 Edens Edge Dr	Detached	$1,450,000	4	3.5	3880	4
1001 Cedar St	Detached	$1,495,000	4	3.5	2572	14
21 D Ave #2	Condo	$1,718,400	2	2.5	2183	0

Sold/Closed March 7-13, 2022

Address	Type	List Price	Sold Price	Sq Feet	DOM
200 Burnham Rd #206	Condo	$359,000	$345,000	1199	62
3974 Carman Dr	Attached	$380,000	$380,000	1107	0
13991 Majestic Ct	Detached	$550,000	$600,000	1765	4
16940 Tracy Ave	Detached	$675,000	$624,000	1656	88
91 Tanglewood Dr	Detached	$799,900	$789,900	3111	21
14141 Goodall Rd	Detached	$784,900	$815,000	1939	2
18582 Bryant Rd	Detached	$799,900	$872,698	2579	2
19001 Redwing Way	Detached	$829,000	$876,500	2116	3
150 Iron Mountain Blvd	Detached	$1,100,000	$1,200,000	2868	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.

March 13, 2022September 11, 2022

Market Activity ~ Feb 28- Mar 6, 2022

Spring is sprung in the local market! Last week in Lake Oswego we saw 20 Properties enter the market, 20 move to Pending/Accepted Offer status and 15 Sold/Closed. There are 51 from 215,000 to 5.3 mil available in Lake Oswego right now.

NEW Feb 28-Mar 6, 2022

213 CERVANTES, Grnd	$329,000	2	1.1	1216	CONDO
15483 Brianne CT	$415,000	2	2.1	1208	ATTACHD
4061 JEFFERSON PKWY	$425,000	2	2.1	1462	CONDO
210 S STATE ST #7	$449,900	3	2	1302	CONDO
4434 THUNDER VISTA LN	$479,000	2	2.1	2040	CONDO
4200 OLD GATE RD	$550,000	3	1.1	1453	DETACHD
13991 MAJESTIC CT	$550,000	3	2	1765	DETACHD
27 AQUINAS ST	$599,900	3	2.1	1530	DETACHD
4 PREAKNESS CT	$650,000	3	2	1985	ATTACHD
5497 WILLOW CT	$775,000	3	2.1	2427	ATTACHD
14179 SUNDELEAF DR	$849,900	5	2	2617	DETACHD
15562 HERITAGE CT	$864,000	4	2.1	2338	DETACHD
86 TANGLEWOOD DR	$885,000	4	3	3192	DETACHD
23 TOUCHSTONE	$924,900	5	4	3169	DETACHD
3778 RIVERS EDGE DR	$1,150,000	4	3.1	3012	DETACHD
928 LAKE FRONT RD	$1,299,900	4	3	2468	DETACHD
3545 UPPER DR	$1,300,000	4	3.1	2742	DETACHD
1000 UPPER DEVON LN	$1,695,000	4	3.1	3535	DETACHD
21 D AVE #5	$1,808,400	2	2.1	2108	CONDO
13725 CAMEO CT	$2,450,000	5	4.1	4984	DETACHD

PENDING Feb 28-Mar 6, 2022

Address	List Price	# Beds	# Baths	Total SF	Prop Type	Days
4 TOUCHSTONE #101	$254,000	4	2.1	1456	CONDO	31
12 CERVANTES CIR	$260,000	2	1.1	912	CONDO	206
209 CERVANTES	$325,000	2	1.1	1216	CONDO	18
200 BURNHAM RD #208	$347,500	2	2	1320	CONDO	2
16250 PACIFIC HWY #44	$387,000	2	2	1305	CONDO	10
15483 Brianne CT	$415,000	2	2.1	1208	ATTACHD	2
20 SUMMIT RIDGE CT	$499,000	2	2.1	1704	CONDO	13
4200 OLD GATE RD	$550,000	3	1.1	1453	DETACHD	4
1625 MEADOWS DR	$750,000	4	2	1672	DETACHD	4
12962 KNAUS RD	$829,000	3	2.1	1952	DETACHD	268
14179 SUNDELEAF DR	$849,900	5	2	2617	DETACHD	3
86 TANGLEWOOD DR	$885,000	4	3	3192	DETACHD	4
353 3RD ST	$909,000	3	3.1	2044	ATTACHD	7
1805 GLENMORRIE TER	$1,075,000	3	2.1	2798	DETACHD	4
5959 SUNCREEK DR	$1,150,000	4	2.1	3315	DETACHD	5
2991 DELLWOOD DR	$1,289,000	4	2.2	4308	DETACHD	104
21 D AVE #12	$1,863,600	2	2.1	2177	CONDO	86
3817 UPPER DR	$2,350,000	5	3.1	4246	DETACHD	4
14655 UPLANDS DR	$3,300,000	5	5.2	4775	DETACHD	107
13041 KNAUS RD	$3,695,000	4	4.1	4924	DETACHD	91

SOLD Feb 28-Mar 6, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	DAYS
89 GALEN ST	$199,000	$225,000	1	1	552	CONDO	3
4647 LAKEVIEW BLVD, D1	$229,999	$250,000	1	1	753	CONDO	4
44 EAGLE CREST DR #39	$269,900	$269,900	2	1	1085	CONDO	0
44 EAGLE CREST DR #32	$250,000	$280,000	2	1	908	CONDO	3
86 KINGSGATE RD, H101	$349,000	$355,000	2	2	918	CONDO	4
5788 KIMBALL CT	$530,000	$590,000	4	1.1	1148	DETACHD	4
1720 KILKENNY DR	$699,900	$737,024	3	2.1	1348	DETACHD	53
18561 KRISTI WAY	$649,950	$750,000	3	2.1	1450	DETACHD	6
5207 COVENTRY CT	$759,698	$840,000	3	2	1858	DETACHD	3
6 GROUSE TER	$850,000	$1,000,000	3	3	3653	DETACHD	4
17095 WESTVIEW DR	$985,000	$1,052,000	4	3	3356	DETACHD	2
580 WEIDMAN CT	$1,100,000	$1,219,175	5	3.1	3952	DETACHD	5
3545 UPPER DR	$1,300,000	$1,400,000	4	3.1	2742	DETACHD	0
872 COUNTRY CMNS	$140,000	$1,428,000	4	2.1	2800	DETACHD	0
566 4TH ST	$1,549,000	$1,455,000	4	4.2	3376	ATTACHD	33

March 5, 2022March 5, 2022

Market Activity Feb 21-27, 2022

Last week in Lake Oswego there were 5 new listings, 22 properties that accepted offers and moved into pending status, and 14 closed/sold homes.

See below for RMLS data.

New listings Feb 21-27, 2022

Address	Type	Price	BR	Baths	Sq Ft
16250 Pacific Hwy #44	Condo	$387,000	2	2	1305
122 Touchstone Terr	Detached	$829,900	4	3.5	2348
353 3rd St	Attached	$909,000	3	3.5	2044
1001 Cedar St	Detached	$909,000	4	3.5	2572
21 D Ave #1	Condo	$2,530,800	2	3	2572

Pending sales Feb 21-27, 2022

Address	Type	Price	BR	Baths	Sq Ft	CDOM
4647 Lakeview Blvd D1	Condo	$229,999	1	1	753	1
47 Eagle Crest Dr #13	Condo	$259,000	2	1	932	5
19 Crestfield Ct	Condo	$310,000	2	1	921	3
209 Cervantes	Condo	$325,000	2	1.5	1216	9
5225 Jean Rd #309	Condo	$360,000	2	2	1100	20
3990 Carman Dr	Condo	$415,900	2	2.5	1098	21
34 Condolea Dr	Condo	$475,000	2	2	1420	17
9 Bloch Terr	Attached	$599,900	3	2.5	1946	7
959 Lee St	Detached	$670,000	3	2	2340	42
67 Condolea Terr	Condo	$675,000	3	3	2409	2
14141 Goodall Rd	Detached	$784,900	3	2.5	1939	2
16946 Lower Meadows Dr	Detached	$839,900	3	2.5	1769	3
4144 Sunset Dr	Detached	$950,000	3	2	2632	4
1150 Greentree Rd	Detached	$965,000	4	2.5	2703	5
14232 Meadow Grass St	Detached	$1,100,000	4	3	2894	4
150 Iron Mountain Blvd	Detached	$1,100,000	4	2.5	2868	3
2650 Overlook Dr	Detached	$1,250,000	4	2.5	3030	12
18002 Pilkington Rd	Detached	$1,599,000	4	3	3629	3
411 Ridgeway Rd	Detached	$1,725,000	3	2.5	3291	3
13348 Leslie Ct	Detached	$1,750,000	4	2.5	3863	1
16881 Canyon Dr	Detached	$2,799,000	5	4	3888	1
5185 Carman Dr	Detached	$3,650,000	3	2.5+.5	6500	360

Sold/Closed Feb 21-27, 2022

Address	Type	List Price	Sold Price	Sq Feet	DOM
45 Eagle Crest Dr #202	Condo	$215,000	$197,000	678	43
4632 Lower Dr B2	Condo	$320,000	$320,000	1170	29
19 Britton Ct	Attached	$535,000	$525,000	1394	5
4503 Black Forest Ct	Detached	$795,000	$840,000	2166	2
277 Evergreen Rd	Condo	$895,000	$902,000	1,950	2
13522 Provincial Hill Way	Detached	$899,000	$965,000	3244	1
14361 Sherbrook Pl	Detached	$899,000	$975,000	2100	2
17154 Loweberg Terr	Detached	$1,295,000	$1,285,000	3412	4
13888 Shireva Dr	Detached	$1,200,000	$1,310,000	3827	4
180 Iron Mountain Blvd	Detached	$1,595,000	$1,350,000	3378	124
589 7th St	Detached	$1,549,000	$1,590,000	3387	3
14711 Upland Dr	Detached	$1,695,000	$1,850,00	3327	3
13286 Goodall Rd	Detached	$2,495,000	$2,471,000	0
13648 Goodall Rd	Detached	$2,499,900	$2,475,000	5288	56

February 25, 2022September 11, 2022

Market Activity ~ Feb 14-20, 2022

Last week Lake Oswego had 5 properties enter the market, 14 move to Pending status, and 11 that Sold/Closed. Right now there are 53 properties available in Lake Oswego ranging from $214,000 to $5.3 mil.

Here is the breakdown according to RMLS:

NEW Feb 14-20, 2022

Address	List Price	Beds	Baths	SF	Prop Type
47 EAGLE CREST DR #16	$239,000	2	1	932	CONDO
209 CERVANTES, Lower	$325,000	2	1.1	1216	CONDO
20 SUMMIT RIDGE CT	$499,000	2	2.1	1704	CONDO
17897 SUNDOWN CT	$1,950,000	5	3	3755	DETACHD
3578 CARMAN DR	$2,200,000	5	3.1	4000	DETACHD

PENDING Feb 14-20, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
44 EAGLE CREST DR #32	$250,000	2	1	908	CONDO	3
3101 MCNARY PKWY #8	$320,000	3	2	3064	CONDO	0
5309 SW WEST SUNSET DR	$599,900	4	2	1449	DETACHD	25
3 MOUNTAIN CIR	$675,000	3	2	1580	ATTACHD	4
12962 KNAUS RD	$829,000	3	2.1	1952	DETACHD	255
1770 HEADLEE LN	$879,000	2	3	2505	DETACHD	4
4 WESTMINSTER DR	$895,000	4	3	2258	DETACHD	6
2095 RIDGE POINTE DR	$1,085,000	3	2.1	3748	DETACHD	4
4719 LAKEVIEW BLVD	$1,499,000	4	3	2934	DETACHD	3
566 4TH ST	$1,549,000	4	4.2	3376	ATTACHD	33
17486 REDFERN AVE	$2,175,000	5	4	3632	DETACHD	4
5001 SW Park Bluff PL	$2,200,000	4	4	4022	DETACHD	32
15012 TWIN FIR RD	$2,599,000	5	3.1	3897	DETACHD	187
2812 LAKEVIEW BLVD	$3,399,900	3	3.1	3100	DETACHD	14

SOLD Feb 14-20, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY #38	$185,000	$185,000	1	1	628	CONDO	123
47 EAGLE CREST DR #36	$249,900	$275,000	2	1	932	CONDO	1
16250 PACIFIC HWY #45	$359,000	$345,000	2	2	1311	CONDO	45
5225 JEAN RD #501	$399,900	$455,000	3	2	1500	ATTACHD	3
4325 SILVER CT, Upper	$499,000	$485,000	3	2.1	1844	CONDO	49
1719 ASPEN CT	$590,000	$575,000	3	2	1444	DETACHD	49
351 3RD ST	$924,900	$951,000	3	3.1	2042	ATTACHD	3
837 OAK ST	$999,950	$1,100,000	3	2.1	2796	DETACHD	5
19 HIDALGO ST	$998,500	$1,150,000	4	3.1	4747	DETACHD	2
17908 BLUE HERON DR	$1,799,000	$1,775,000	3	4	4172	DETACHD	58
567 10TH ST	$1,785,000	$1,870,000	4	3.1	4706	DETACHD	85

February 17, 2022February 17, 2022

Market Activity Feb 7-13, 2022

I once had a client who had statistically figured out the the prime weekend of the entire year to put your house on the market is the weekend following the super bowl. With 19 pending sales in Lake Oswego last week, that certainly feels like good advice. We also had 6 new listings and 10 properties that were closed sales.

See below for further RMLS data.

New on the Market Feb 7-13, 2022

Address	Type	Price	BR	Baths	Sq Ft
4 Touchstone Dr #150	Condo	$225,900	2	2	984
4631 Lakeview Blvd	Condo	$250,000	1	1	753
45 Eagle Crest Dr #513	Condo	$253,500	2	1.5	1056
48 Eagle Crest Dr 4A	Condo	$475,000	2	2	1489
668 McVey Ave #10	Condo	$540,000	3	1	992
16758 Graef Circle	Detached	$669,000	3	1	1295
5353 Lakeview Blvd	Attached	$1,119,000	4	3.5	2900
2650 Overlook Dr	Detached	$1,250,000	4	2.5	3030
21 D Ave GPH	Condo	$3,269,200	3	2.5	3399
807 Ellis ave	Detached	$3,600,000	4	4.5	4964

Pending Sales Feb 7-13, 2022

Address	Type	Price	BR	Baths	Sq Ft	CDOM
89 Galen St	Condo	$199,000	1	1	552	3
45 Eagle Crest Dr #312	Condo	$229,000	1	1	780	16
200 Burnham Rd #206	Condo	$349,000	2	1	1199	62
3974 Carman Dr	Attached	$380,000	2	2.5	1107	0
34 Condolea Dr	Condo	$475,000	2	2	1420	3
750 1st St E27	Condo	$479,900	2	2	1350	162
5062 Foothills Dr G	Condo	$485,000	2	2	1252	98
2806 SW Orchard Hill Pl	Detached	$649,000	3	2.5	2324	5
18561 Kristi Way	Detached	$649,950	3	2.5	1450	68
48 Hillshire Dr	Detached	$795,500	4	3	3034	5
93 Tanglewood Dr	Detached	$799,900	3	2.5+.5	3111	21
6 Grouse Ter	Detached	$850,000	3	3	3653	4
2777 Evergreen Rd	Condo	$895,000	3	3.5	1950	2
2719 Greentree Rd	Detached	$985,000	5	3.5	3886	5
14711 Uplands Dr	Detached	$1,695,000	4	4.5	3327	3
21 D Ave #13	Condo	$1,993,200	2	2.5	2304	8
21 D Ave #4	Condo	$2,067,000	2	2.5	2431	86
2305 Glen Haven Rd	Detached	$2,275,000	5	4	3632	82
1845 Highlands Loop	Detached	$2,995,000	4	3.5+.5	5306	3

Closed/Sold Feb 7-13, 2022

Address	Type	List Price	Sold Price	Sq Feet	DOM
4 Touchstone #94	Condo	$248,000	$238,000	1351	7
30 Crestfield Ct	Condo	$290,000	$300,000	989	1
16200 Pacific Hwy #9	Condo	$524,900	$500,000	1190	0
1118 St	Detached	$650,000	$650,000	1320	12
8 Da Vinci St	Detached	$779,000	$845,500	2,906	4
16538 Maple Circle	Detached	$1,550,000	$1,750,000	2854	4

February 11, 2022September 11, 2022

News & Notes ~ Jan 2022 Numbers

Here is your look at what’s been happening in the overall Portland area including individual areas of the metro, and with Lake Oswego broken out below:

Overview/Fluctuations ~ Market Data January 2022: Looking at the first month of 2022 as compared to the same month last year, New Listings have decreased 10.5%, Pending Sales have decreased 8.4% and Closed Sales increased 0.3%. Supply is still the biggest issue affecting the local market and remains at historic lows with less than a few week’s worth of inventory available.

The other factor is rates~ While they remain very low relatively speaking (for anyone who remembers how high they’ve been in the past) they’re hovering around 3.875% right now and all predictions are for several increases this year. This factor would be spurring more Buying activity than we currently see but for the lack of inventory. That said, it remains a given that savvy Buyers ought to be taking advantage of these rates now, and, generally speaking, would-be Sellers would be well advised to List now rather than wait till later.

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

There were 2,307 New Listings in Jan 2022 decreased 10.5% from Jan of 2021’s 2,579, and decreased a whopping 44.3% from the previous month/Dec’s 1,599.
At 1,853 Jan 2022’s Closed Sales are up 0.3% from Jan 2021’s 1,847, and down 28.2% from the previous month/Dec 2021’s total of 2,582
At 2,287 Jan 2022’s Pending Sales are down 8.4% from Jan 2021’s 2,496, and up 17.8% from the previous month/Dec 2021’s total of 1,942.
The Average Sale Price in Dec 2021 of $586,600 is up $71,900 from last year/Jan 2021’s $514,700, and up $3,700 from the previous month/Dec2021’s $582,900. YTD increase is 15.8%.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Jan 2022 of $512,000 rose from last year/Jan 2021’s $460,000 by $52,000, and also $1,000 from the previous month

LAKE OSWEGO:

61 Active Listings (Dec 63)
83 New Listings (Dec 71)
78 Pending Sales (Dec 82)
82 Closed Sales (Dec 134)
Average Sale Price for Jan: $1,054,400 (Dec $1,024,400)
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.
29 Days on the Market (Nov 36)

February 10, 2022September 11, 2022

Market Activity ~ Jan 31-Feb 6, 2022

This last week 5 Properties entered the market, 10 moved to Pending status, and 7 Closed/Sold. There are 48 homes available right now in Lake Oswego ranging from 215,000 to 5.2 mil.

Here is the latest:

NEW Jan 31-Feb 6, 2022

Address	List Price	Beds	Baths	Total SF	Prop Type
45 EAGLE CREST DR	$249,900	2	2	1046	CONDO
5225 JEAN RD	$360,000	2	2	1100	CONDO
3990 CARMAN DR	$415,900	2	2.1	1098	CONDO
13078 FIELDING RD	$3,150,000	4	3	3936	DETACHD
2812 LAKEVIEW BLVD	$3,399,900	3	3.1	3100	DETACH

PENDING Jan 31-Feb 6, 2022

Address	List Price	Beds	Baths	Total SF	Prop Type	Days
4 TOUCHSTONE #94	$248,000	3	2.1	1351	CONDO	7
47 EAGLE CREST DR #36	$249,900	2	1	932	CONDO	1
4 TOUCHSTONE #101	$268,000	4	2.1	1456	CONDO	8
86 KINGSGATE RD, H101	$349,000	2	2	918	CONDO	4
1720 KILKENNY DR	$685,000	3	2.1	1348	DETACHD	53
17763 MARDEE AVE	$741,900	5	3	2110	DETACHD	19
4503 BLACK FOREST CT	$795,000	4	2.1	2166	DETACHD	2
18582 BRYANT RD	$799,900	3	2.1	2579	DETACHD	2
19 HIDALGO ST	$998,500	4	3.1	4747	DETACHD	2
15508 DIAMOND HEAD RD	$3,480,000	3	4	3900	DETACHD	169

SOLD Jan 31-Feb 6, 2022

Address	Opening	Closed	Prop Type	SF	Beds	Baths	Days
6317 CARMAN DR	$ 650,000	$ 560,000	DETACHD	1344	3	1.1	78
52 NORTHVIEW CT	$ 649,900	$ 635,000	ATTACHD	2198	3	2.1	54
4966 GALEN ST	$ 600,000	$ 656,000	DETACHD	1699	3	2	5
115 TOUCHSTONE TER	$ 709,000	$ 670,000	ATTACHD	2560	4	3.1	79
302 LAUREL ST	$ 679,000	$ 684,000	DETACHD	1907	3	2	6
175 FURNACE ST/Upper	$ 1,598,000	$ 1,598,000	CONDO	1898	2	2.1	1
752 8TH ST	$ 1,877,000	$ 1,903,000	DETACHD	4032	5	3.1	27

February 4, 2022February 4, 2022

Market Activity Jan 24-30, 2022

The market is still in what I would call “winter mode” with just 2 new listings. 15 pending sales, and 11 sold/closed transactions. The new listings number is a bit in accurate. This is because in reality houses and condos are selling so fast that they go into pending status prior to the market activity report being written. 12 of the 15 pending sales sold in less than a week. This means that the new listings are more accurately 14 or so. I pull the data usually on Tuesday or Wednesday.

I’ve also heard it said that the spring market really kicks off the weekend following the super bowl. Watch for the new listings to kick into gear in the next few weeks.

See below for further RMLS data.

New Listings Jan 24-30, 2022

Address	Type	Price	BR	Baths	Sq Ft
16 Oriole Ln	Detached	$599,950	2	2	1520
15012 Twin Fir Rd	Detached	$2,599,000	5	3.5	3897

Pending Sales Jan 24-30, 2022

Address	Type	Price	BR	Baths	Sq Ft	CDOM
45 Eagle Crest Dr #202	Condo	$215,000	1	1	678	43
44 Eagle Crest Dr #39	Condo	$269,900	2	1	1085	0
16250 Pacific Hwy #45	Condo	$349,000	2	2	1311	45
525 Jean Rd 4501	Condo	$399,900	3	2	1500	3
5788 Kimball Ct	Detached	$530,000	4	1.5	1148	4
871 Country Club Rd	Detached	$569,000	3	1.5	1449	5
5309 West Sunset Dr	Detached	$611,000	4	2	1449	5
5207 Coventry Ct	Detached	$759,698	3	2	1858	3
351 3rd St	Attached	$924,900	3	3.5	2042	3
837 Oak St	Detached	$999,950	3	2.5	2796	5
580 Weidman Ct	Detached	$1,100,000	5	3.5	3952	5
12975 Elk Rock Rd	Detached	$1,379,000	5	3.5	4569	4
589 7th St	Detached	$1,549,000	5	4.5	3387	3
21 D Ave #9	Condo	$2,000,800	2	2.5	2411	0
13649 Goodall Rd	Detached	$2,499,900	4	4.5+.5	5288	56

Sold/Closed Jan 24-30, 2022

Address	Type	List Price	Sold Price	Sq Feet	DOM
572 State St 8C	Condo	$324,900	$317,500	914	47
16250 Pacific Hwy #75	Condo	$355,000	$350,000	1593	29
1694 Bonniebrae	Attached	$415,000	$445,000	864	2
16191 Lake Forest Blvd	Detached	$550,000	$550,000	864	14
1247 Cedar St	Detached	$550,000	$600,000	2,022	9
6472 Dawn St	Detached	$695,000	$624,016	1032	110
12363 Clara Ln	Detached	$699,999	$709,000	1390	3
770 5th St	Detached	$975,000	$975,000	3180	45
1011 Spruce St	Detached	$1,049,000	$1,019,000	2101	4
6720 Childs Rd	Detached	$2,395,000	$2,200,000	6898	64
1475 Oak Terr	Detached	$4,349,000	$4,100,000	3674	114