Category: Market Activity

Last week remained strong but with slightly fewer new listings and sales. This is pretty typical for the winding down of summer and vacation time. After school starts I think it will pick up again.

In Lake Oswego there were 16 new listings, 5 of which sold quickly and are listed here with pending status, 14 properties that went pending, and 18 closed sales.

See below for RMLS data.

New Listings August 15-21, 2022

Address	Type	Price	BR	Bath	Sq Feet
200 Burnham Rd #103	Condo	$425,900	1	1	765
1755 Mapleleaf Rd	Detached	$789,000	3	2.5	2123
1265 Rockinghorse Ln	Detached	$875,000	4	3	2452
17291 Cedar Rd	Detached	$1,199,999	5	4.5	2872
2211 Fernwood Cir	Detached	$1,595,000	5	3	3431
13659 Westlake Dr	Detached	$1,625,000	4	3.5	4422
15784 Twin Fir Rd	Detached	$2,200,000	3	2.5	3471
14381 Fosberg Rd	Detached	$2,400,000	4	3.5	5028
1625 Cloverleaf Rd	Detached	$2,495,000	4	3.5	3853
16511 Maple Cir	Detached	$3,800,000	4	3.5	3356
3142 Lakeview Blvd	Detached	$8,000,000	4	5	5554

Pending Sales August 15-21, 2022

Address	Type	Price	BR	Baths	Sq Ft	CDOM
4 Touchstone #95	Condo	$219,900	2	2	984	5
45 Oswego Summit	Condo	$240,000	1	1	764	4
168 Oswego Summit	Condo	$315,000	2	2	1383	29
12822 Boones Ferry Rd	Condo	$465,000	2	2.5	1136	70
4 Wheatherstone	Condo	$509,950	3	2.5	1692	41
1000 Bickner St	Detached	$635,000	3	2.5	1988	3
5297 Centerwood St	Detached	$655,000	3	2	1746	3
2190 Fernwood Cir	Detached	$735,000	5	3	2507	3
5557 Langford Ln	Detached	$839,000	2	2	1539	15
5490 Royal Oaks Dr	Detached	$967,500	3	2	1768	7
1571 Highlands Dr	Detached	$989,000	5	3	3000	3
12886 Sierra Ct	Detached	$1,085,000	4	3	3188	2
33 Westridge Dr	Detached	$1,150,000	5	3.5	3864	0
5677 Charles Cir	Detached	$1,225,000	4	2.5	2962	7

Sold Properties August 15-21, 2022

Address	Type	List Price	Sold Price	Sq Feet	DOM
4000 Carman Dr D51	Condo	$314,900	$314,900	885	7
86 Kingsgate Rd H104	Condo	$355,000	$315,000	840	37
5970 Kennycroft Way	Detached	$650,000	$592,000	1212	81
16875 Fernwood Dr	Detached	$780,000	$750,000	2460	28
1435 Ash St	Detached	$799,900	$800,000	2,532	18
2062 Cedar Ct	Detached	$785,000	$820,000	1800	1
7 Da Vinci St	Detached	$850,000	$830,000	2631	17
23 Da Vinci St	Detached	$839,000	$850,000	2063	3
19395 35th Ct	Detached	$849,900	$875,000	2385	3
19330 River Run Dr	Detached	$995,000	$985,000	3955	57
14 Churchill Downs	Detached	$989,000	$989,000	2062	5
327 3rd St	Attached	$999,000	$1,011,000	2123	4
4121 Wolf Berry Ct	Detached	$975,000	$1,050,000	2654	4
17865 Sarah Hill Ln	Detached	$1,099,950	$1,110,000	2871	72
13330 Hidden Bay Ct	Detached	$1,149,000	$1,225,000	3057	1
100 Leonard St 4-2	Condo	$1,395,000	$1,345,950	3137	68
767 10th St	Detached	$2,100,000	$1,950,000	3900	303
5001 Park Bluff Pl	Detached	$2,200,000	$2,200,000	4022	32

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-July 2022:

• There were 3,763 New Listings in July 2022– down 11.8% from 4,267 in July 2021 and down 12.4% from the previous month/June’s 4,295.
• At 2,369 July 2022’s Closed Sales (Solds) are down 31.1% from July 2021’s 3,439, and down 18.1% from the previous month/June 2022’s total of 2,893.
• At 2,445 July 2022’s Pending Sales (accepted Offers) are down 27.1% from July 2021’s 3,354, and also down 4.6% from the previous month/June’s total of 2,563.
• The Average Sale Price in July 2022 of, $635,700 is up $42,600 from last year/July 2021’s $593,100, and up $2,400 from the previous month/June’s $633,300.  
• The “Median” Sale Price (the price smack dab in the middle of all sales) in July 2022 of $566,000 rose from last year/July 2021’s $522,000 by $44,000, and is down $4,000 from the previous month’s $570,000.

LAKE OSWEGO (July 2022):

202 Active Listings (Jun 171)
169 New Listings  (Jun 198)
111 Pending Sales (Jun 143)
119 Closed Sales  (Jun 125)
Average Sale Price for July: $1,029,100 (Jun $1,035,500)
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.
15 Days on the Market   (Jun 18)

Last week Lake Oswego saw 17 properties enter the market, 20 move to Pending status, and 12 Sold/Closed. Right now there are 245 homes available in Lake Oswego ranging from $245,000 to $11.5 mil.

Here is the breakdown:

NEW Aug 8-14, 2022

Address	List Price	Beds	Baths	SF	Prop Type
40 CRESTFIELD CT / Upper	$200,000	1	1	690	CONDO
4 TOUCHSTONE #95	$219,900	2	2	984	CONDO
45 OSWEGO SMT / Lower	$240,000	1	1	764	CONDO
86 KINGSGATE RD #63	$370,000	2	2	849	CONDO
605 ASH ST	$625,000	3	2	1528	DETACHD
5297 CENTERWOOD ST	$655,000	3	2	1746	DETACHD
18585 KRISTI WAY	$730,000	3	2	1266	DETACHD
18040 BELMORE AVE	$749,900	3	2	2077	DETACHD
19395 35TH CT	$849,900	3	3	2385	DETACHD
18591 WAXWING WAY	$885,000	3	2.1	2145	DETACHD
7200 CHILDS RD	$950,000	4	4	2660	DETACHD
5490 ROYAL OAKS DR	$967,500	3	2	1768	DETACHD
17377 MARJORIE AVE	$995,000	4	3	2651	DETACHD
17244 FERNWOOD DR	$1,150,000	4	2.1	2617	DETACHD
5677 CHARLES CIR	$1,225,000	4	2.1	2962	DETACHD
5904 BAY POINT DR	$1,250,000	5	2.1	3433	DETACHD
890 C AVE	$1,275,000	3	2.1	2596	DETACHD

PENDING Aug 8-14, 2022

Address	List Price	Beds	Baths	Total SF	Prop Type	Days
100 KERR PKWY #54	$187,900	1	1	617	CONDO	94
40 CRESTFIELD CT	$200,000	1	1	690	CONDO	2
47 EAGLE CREST DR #24	$224,900	1	1	672	CONDO	41
45 EAGLE CREST DR #415	$240,000	2	1.1	1056	CONDO	45
122 OSWEGO SMT	$243,330	1	1	764	CONDO	7
200 BURNHAM RD #405	$380,000	2	2	1328	CONDO	7
3930 CARMAN DR	$439,000	2	2.1	1146	CONDO	29
4 SUMMIT RIDGE CT	$499,900	2	2.1	1576	ATTACHD	4
6240 BURMA RD	$599,900	3	2	1724	DETACHD	64
5788 SW LANGFORD LN	$650,000	2	2	1598	DETACHD	14
15 MASARYK ST	$675,000	4	3	3864	DETACHD	31
5272 TREE ST	$799,900	3	3	1948	DETACHD	4
17721 OVERLOOK CIR	$890,000	4	2.1	3172	DETACHD	12
63 TOUCHSTONE	$899,900	4	3	3088	DETACHD	21
17095 REBECCA LN	$925,000	3	3	2379	DETACHD	7
14 CHURCHILL DOWNS	$989,000	3	2	2062	DETACHD	5
327 3RD ST	$999,000	3	3.1	2123	ATTACHD	4
17244 FERNWOOD DR	$1,150,000	4	2.1	2617	DETACHD	2
2600 DELLWOOD DR	$1,599,900	4	3	3690	DETACHD	314
17527 KELOK RD	$2,150,000	3	3	4664	DETACHD	10

SOLD Aug 8-14, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
61 CHURCH ST	$240,000	$247,000	2	1.1	1040	ATTACHD	3
4000 CARMAN DR #35	$300,000	$300,000	2	2	869	CONDO	5
47 EAGLE CREST DRb #53	$299,000	$302,500	3	1	1024	CONDO	10
16250 PACIFIC HWYb #69	$387,000	$387,000	2	2	1328	CONDO	5
13880 SUNDELEAF DR	$425,000	$440,000	2	1	1048	DETACHD	3
1 ADAMS CT	$550,000	$580,000	2	2	1456	DETACHD	4
700 LIVINGOOD LN	$799,950	$770,000	4	2.1	2692	DETACHD	9
2020 WEMBLEY PARK RD	$775,000	$810,200	3	2	1712	DETACHD	4
17755 OVERLOOK LN	$1,100,000	$1,170,000	4	2.1	3198	DETACHD	6
13300 FOX RUN	$1,495,000	$1,200,000	4	2.1	3234	DETACHD	74
873 COUNTRY COMMONS	$1,295,000	$1,220,000	4	3	3609	DETACHD	60
14013 EDENBERRY CT	$1,495,000	$1,565,000	4	2.1	3673	DETACHD	3

The numbers between new listings, pending sales, and sold properties remains fairly balanced, although slightly slower than the last time I did this report. In Lake Oswego last week we had 23 new listings, 5 of which sold quickly and are represented in this report as pending, 18 pending sales, and 13 closed listings.

For most of my real estate career market time has been 45-60 days. Pending sales last week averaged 25 days. That is healthy. Perhaps we are returning to historic normal?

See below for RMLS details

New Listings Aug 1-7, 2022

Address	Type	Price	BR	Bath	Sq Feet
122 Oswego Summit	Condo	$235,000	1	1	764
200 Burnham Rd #405	Condo	$380,000	2	2	1328
16074 Lake Forest Blvd	Detached	$599,950	3	2	1354
19211 Indian Springs Rd	Detached	$825,000	4	2	2132
17615 Bryant Rd	Detached	$825,000	4	2	2110
5557 Langford Ln	Detached	$889,000	2	2	1539
17095 Rebecca Ln	Detached	$925,000	3	3	2379
4264 Harvey Way	Detached	$925,000	4	3	2728
327 3rd St	Attached	$999,000	3	3.5	2123
63 Garibaldi St	Detached	$1,450,000	3	3.5	4200
542 4th St	Attached	$1,549,000	4	4.5+.5	3376
1991 Ridgewood Rd	Detached	$1,550,000	4	2.5+.5	4993
17527 Kelok Rd	Detached	$2,150,000	3	3	4664
4956 Park Bluff Pl	Detached	$2,395,000	4	3.5	4074
4938 Park Bluff Pl	Detached	$2,495,000	4	4.5	4046
929 Cumberland Rd	Detached	$2,800,000	5	6.5	5095
13068 Knaus Rd	Detached	$3,289,000	5	5.5+.5+.5	6512
445 Northshore Rd	Detached	$3,499,000	3	3.5	3066

Pending Sales Aug 1-7, 2022

Address	Type	Price	BR	Baths	Sq Ft	CDOM
4 Touchstone #77	Condo	$245,000	3	2.5	1351	8
4061 Jefferson Pkwy	Condo	$358,000	2	2.5	1462	152
4300 Botticelli St	Attached	$374,900	2	2.5	1721	42
5055 Foothills Dr G	Condo	$429,900	$3	2	1252	2
5054 Foothills Dr 70F	Condo	$475,000	2	2	1252	24
5 Partridge Ln	Detached	$699,000	3	2.5	2794	25
439 Livingood Ln	Detached	$814,000	3	2.5	2540	6
4618 Auburn Ln	Attached	$895,000	3	3.5	2732	3
39 Tanglewood Dr	Detached	$899,000	4	3	3167	4
19 Touchstone	Detached	$899,000	4	3	2789	2
2 Yorick	Detached	$975,000	4	3.5	2979	3
346 Lake Bay Ct	Detached	$1,075,000	4	2.5	1900	3
4745 Dogwood Dr	Detached	$1,125,000	4	2.5	3887	23
3151 Alber Spring Ct	Detached	$1,375,000	5	3.5	3917	1
100 Leonard St 4-2	Condo	$1,395,000	3	2.5	3137	68
5014 Upper Dr	Detached	$1,399,000	5	3	3416	22
767 10th St	Detached	$2,000,000	4	4.5	3900	50
162 Berwick Rd	Detached	$3,295,000	4	4.5	4657	6

Sold/Closed Aug 1-7, 2022

Address	Type	List Price	Sold Price	Sq Feet	DOM
3652 Spring Ln	Condo	$369,000	$369,000	1117	11
5225 Jean Rd #207	Condo	$410,000	$385,000	1415	3
17 Da Vinci	Detached	$550,000	$614,000	1876	5
100 Leonard St 3-4	Condo	$699,000	$695,000	1736	9
342 Livingood Ln	Detached	$738,000	$738,000	2,384	5
13 Masaryk St	Detached	$799,000	$790,000	2219	5
5115 Firwood Rd	Detached	$849,000	$815,000	1660	25
4973 Parkhill St	Detached	$925,000	$900,000	2230	23
139 Del Prado St	Detached	$1,150,000	$1,132,500	2955	4
1535 Pine St	Detached	$1,150,000	$1,150,000	2390	7
1736 Palisades Terrace Dr	Detached	$1,150,000	$1,150,000	3079	30
15868 Parker Rd	Detached	$2,100,000	$2,085,000	3679	30
17210 Cedar Rd	Detached	$2,785,000	$2,775,000	3548	7

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.

The real estate market in Lake Oswego last week continued to be well balanced between buyers and sellers. There were 18 properties that came onto the market, 3 of which sold so fast that in this report they are part of the pending properties. 21 properties went pending and 16 sold/closed.

Surprisingly, interest rates actually went down slightly after the Federal Reserve raised the prime lending rate by .75%. Mortgage rates are influenced by the prime lending rate but not completely dictated. Other forces have impact as well. The drop in mortgage rates was a refection of factors such as investors taking money out of the stock market and putting it into safer investments like mortgage bonds. This growing demand leads to lower rates.

See below for further RMLS data.

New Listings July 18-24, 2022

Address	Type	Price	BR	Bath	Sq Feet
168 Oswego Summit	Condo	$330,000	2	2	1383
668 McVey Ave #83	Condo	$480,000	2	1.5	992
66 Wheatherstone #35	Condo	$599,900	4	3.5	2465
5429 Kenny St	Detached	$715,000	3	2	1584
3585 Lake Grove Ave	Detached	$820,000	4	2	1575
1714 Greentree Rd	Detached	$900,000	4	3	3110
63 Touchstone	Detached	$925,000	4	3	3088
860 Lake Forest Dr	Detached	$998,000	5	2.5	2025
3460 Lake Grove Ave	Detached	$1,395,000	3	2	1673
11 Nansen Summit	Detached	$1,495,000	4	4.5	4955
178 Pine Valley Rd	Detached	$1,850,000	5	3.5	3001
1250 SW Englewood Rd	Detached	$2,499,000	3	3.5	5097
1901 Childs Rd	Detached	$3,400,000	5	3	3516
13777 Cameo Ct	Detached	$4,198,000	5	5.5	7300
1901 Childs Rd	Detached	$4,800,000	5	3	3516

Pending Sales July 18-24, 2022

Address	Type	Price	BR	Baths	Sq Ft	CDOM
4000 Carman Dr D51	Condo	$314,900	2	2	885	7
3652 Spring Ln	Condo	$369,000	2	2	1117	11
13880 Sundeleaf	Detached	$425,000	2	1	1048	3
4405 Thunder Vista Ln	Condo	$445,500	2	2.5	1922	56
17 Da Vinci	Detached	$550,000	3	2	1876	5
5970 Kennycroft Way	Detached	$599,900	3	2	1212	81
1765 Conifer Dr	Detached	$749,000	4	2	2334	16
2020 Wembley Park Rd	Detached	$775,000	3	2	1712	4
2062 Cedar Ct	Detached	$785,000	3	2	1800	1
5480 Burma Rd	Detached	$829,000	4	2	1632	22
5115 Firwood Rd	Detached	$849,000	3	2.5	1660	25
19 Touchstone	Detached	$899,000	4	3	2789	1
4121 Wolf Berry Ct	Detached	$975,000	3	2.5	2654	4
18100 Bryant Rd	Detached	$990,000	3	1.5	1425	13
19330 River Run Rd	Detached	$995,000	4	4	3955	18
347 6th St	Attached	$1,050,000	3	3.5	2360	3
1455 Nelson Ct	Detached	$1,149,000	4	2.5	2210	14
13330 Hidden Bay Ct	Detached	$1,149,000	4	2.5	3057	1
4996 Cascara Ln	Detached	$1,195,000	3	2.5	3106	25
754 5th St	Detached	$1,298,000	3	3	2179	7
732 2nd St	Detached	$2,299,000	4	3.5	3547	32

Sold/Closed July 18-24, 2022

Address	Type	List Price	Sold Price	Sq Feet	DOM
45 Eagle Crest Dr #504	Condo	$240,000	$230,000	768	19
4000 Carman Dr #40	Condo	$300,000	$350,000	906	10
16300 Reese Rd	Detached	$675,000	$593,000	2100	8
17188 Rebecca Ln	Detached	$690,000	$705,000	1930	4
980 Lund St	Detached	$725,000	$715,000	1,833	14
5497 Willow Ct	Attached	$775,000	$725,000	2427	56
14251 Camden Ln	Detached	$719,000	$735,000	2179	2
3 Beckket St	Detached	$775,000	$765,000	4285	18
21 Touchstone	Detached	$959,900	$835,000	1918	45
2291 Wembley Park Rd	Detached	$999,500	$964,000	2150	11
5322 Carman Grove Ln	Detached	$1,200,000	$1,050,000	2647	22
13 Buckingham Terrace	Detached	$999,990	$1,162,000	2946	4
16219 White Oaks Dr	Detached	$1,200,000	$1,200,000	2862	0
568 Weidman Ct	Detached	$1,275,000	$1,275,000	3702	3
5455 Childs Rd	Detached	$2,395,000	$2,195,000	3870	28
688 6th St	Detached	$1,940,000	$2,300,000	2939	27

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-June 2022:

• There were 4,295 New Listings in June 2022, which was down only slightly from June  2021’s 4,298, and up 11.5% from the previous month/May’s 3,853.
• At 2,893 June 2022’s Closed Sales (Solds) are down 16.8% from June 2021’s 3,477, and down 0.8% from the previous month/May 2022’s total of 2,916
• At 2,563 June 2022’s Pending Sales (accepted Offers) are down 27.5% from June 2021’s 3,534, and also down 17.9% from the previous month/May 2022’s total of 3,122.
• The Average Sale Price in June 2022 of, $633,300 is up $36,200 from last year/June 2021’s $597,100, and down $16,300 from the previous month/May’s $649,600.  
• The “Median” Sale Price”  (the price smack dab in the middle of all sales) in June 2022 of $570,000 rose from last year/June 2021’s $521,000 by $49,000, and is down $5,000 from the previous month’s $575,000.

LAKE OSWEGO:

171 Active Listings (May 137)
198 New Listings  (May 193)
143 Pending Sales (May 153)
125 Closed Sales  (May 146)
Average Sale Price for May: $1,035,500 (May $1,028,600)
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.
18 Days on the Market   (May 19)

Last week Lake Oswego saw 23 properties enter the market, 19 move to Pending status and 12 Sold/Closed. Right now there are 123 properties ranging from $192,000 to 11.5 Mil available.

NEW July 11-17, 2022

Address	List Price	Beds	Baths	SF	Prop Type
4000 CARMAN DR D51	$314,900	2	2	885	CONDO
5225 JEAN RD #207	$410,000	3	2	1415	CONDO
13880 SUNDELEAF DR	$425,000	2	1	1048	DETACHD
3930 CARMAN DR	$439,000	2	2.1	1146	CONDO
5054 FOOTHILLS DR #70F	$485,000	2	2	1252	CONDO
17 DA VINCI	$550,000	3	2	1876	DETACHD
852 5TH ST	$729,500	2	1	738	DETACHD
2020 WEMBLEY PARK RD	$775,000	3	2	1712	DETACHD
4965 MULHOLLAND DR	$775,000	2	2.1	2468	ATTACHD
1250 HALLINAN CIR	$825,000	4	3	2168	DETACHD
5045 GREENSBOROUGH CT	$899,900	4	2.1	2107	DETACHD
4121 WOLF BERRY CT	$975,000	3	2.1	2654	DETACHD
4745 DOGWOOD DR	$995,000	4	4	3887	DETACHD
14141 GOODALL RD	$999,900	3	2.1	1988	DETACHD
347 6TH ST	$1,050,000	3	3.1	2360	ATTACHD
754 5TH ST	$1,298,000	3	3	2179	DETACHD
3763 TEMPEST DR	$1,395,000	5	2.1	2895	DETACHD
5014 UPPER DR	$1,399,900	5	3	3416	DETACHD
5290 CHILDS RD	$1,499,000	4	4.1	3525	DETACHD
5550 JEAN RD	$1,790,000	4	4.1	3001	DETACHD
17484 BRYANT RD	$1,890,000	4	3.1	3615	DETACHD
13017 KNAUS RD	$1,898,000	4	3.1	4690	DETACHD
961 LAKE FRONT RD	$4,895,000	3	3.1	4998	DETACHD

PENDING July 11-17, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
47 EAGLE CREST DR #53	$299,000	3	1	1024	CONDO	10
86 KINGSGATE RD, H104	$324,900	2	2	840	CONDO	37
16250 PACIFIC HWY #69	$387,000	2	2	1328	CONDO	5
5225 JEAN RD #207	$410,000	3	2	1415	CONDO	3
1 ADAMS CT	$550,000	2	2	1456	DETACHD	4
5342 RED LEAF ST	$599,000	3	2.1	1710	DETACHD	29
14332 SHERBROOK PL	$689,900	3	2.1	1770	DETACHD	18
4965 MULHOLLAND DR	$775,000	2	2.1	2468	ATTACHD	2
13 MASARYK ST	$799,000	3	2	2219	DETACHD	5
7 DA VINCI ST	$850,000	3	3	2631	DETACHD	17
2964 OVERLOOK DR	$1,099,900	5	2.1	3731	DETACHD	30
17755 OVERLOOK LN	$1,100,000	4	2.1	3198	DETACHD	6
1535 PINE ST	$1,150,000	3	2.1	2390	DETACHD	7
13300 FOX RUN	$1,200,000	4	2.1	3234	DETACHD	74
873 COUNTRY COMMONS	$1,295,000	4	3	3609	DETACHD	60
14013 EDENBERRY CT	$1,495,000	4	2.1	3673	DETACHD	3
15003 TWIN FIR RD	$1,699,900	4	3.1	3075	DETACHD	20
13740 KNAUS RD	$1,895,000	4	3.1	4459	DETACHD	36
2088 CREST DR	$7,250,000	4	6.1	8259	DETACHD	80

SOLD July 11-17, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE #84	$209,900	$225,000	2	2	1012	CONDO	4
4 TOUCHSTONE #85	$244,900	$330,704	3	2.1	1351	CONDO	8
5225 JEAN RD #104	$375,000	$382,500	3	2	1400	CONDO	4
11 CONDOLEA DR	$650,000	$623,000	2	2.1	2159	CONDO	4
14316 HOLLY SPRINGS RD	$599,900	$636,000	3	2.1	1325	DETACHD	4
13296 VERMEER DR	$725,000	$710,000	3	2.1	1860	DETACHD	10
19057 OLSON AVE	$900,000	$874,000	4	2.1	2464	DETACHD	9
907 OAK ST	$899,000	$929,000	3	2	2409	DETACHD	6
5324 LOWER DR	$899,900	$951,000	3	2.1	2106	DETACHD	2
13324 BOONES FERRY RD	$1,195,000	$1,100,000	4	2.1	3386	DETACHD	20
18084 WESTMINSTER DR	$1,549,000	$1,275,000	5	3.1	5020	DETACHD	51
4719 LAKEVIEW BLVD	$1,499,000	$1,288,050	4	3	2934	DETACHD	127

Last week Lake Oswego saw 19 properties enter the market, 14 move to Pending status and 18 Sold/Closed. Right now there are 121 homes available in Lake Oswego from $192,000 to 7.25 mil.

NEW June 27-July 3, 2022

Address	List Price	Beds	Baths	SF	Prop Type
100 KERR PKWY #30	$1,000	1	1	617	CONDO
47 EAGLE CREST DR #24	$224,900	1	1	672	CONDO
45 EAGLE CREST DR #415	$240,000	2	1.1	1056	CONDO
4000 CARMAN DR #35	$300,000	2	2	869	CONDO
16300 REESE RD	$675,000	2	2	2100	DETACHD
16300 REESE RD	$675,000	2	2	2100	DETACHD
16875 FERNWOOD DR	$780,000	4	2	2460	DETACHD
6314 SEVILLE AVE	$798,500	4	3.2	2012	DETACHD
700 LIVINGOOD LN	$799,950	4	2.1	2692	DETACHD
5840 BURMA RD	$829,000	4	2	1632	DETACHD
7 DA VINCI ST	$850,000	3	3	2631	DETACHD
17900 WESTVIEW DR	$1,100,000	3	2	1960	DETACHD
7 SCARBOROUGH DR	$1,150,000	4	2.1	3314	DETACHD
5844 RIDGETOP CT	$1,298,000	4	2.1	3590	DETACHD
13615 WESTLAKE DR	$1,790,000	4	4.1	4050	DETACHD
3351 FIR RIDGE RD	$2,449,000	4	4.1	4419	DETACHD
18011 Kelok RD	$2,950,000	3	3	1840	DETACHD
2890 GLEN EAGLES RD	$2,995,000	4	3.1	4668	DETACHD
100 KERR PKWY #30	AUCTION	1	1	617	CONDO

PENDING June 27- July 3, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
5225 JEAN RD #104	$375,000	3	2	1400	CONDO	4
4405 THUNDER VISTA LN	$445,500	2	2.1	1922	CONDO	70
885 MCVEY AVE	$550,000	3	1	1341	DETACHD	19
11 CONDOLEA DR	$650,000	2	2.1	2159	CONDO	4
17188 REBECCA LN	$690,000	3	2.1	1930	DETACHD	4
100 LEONARD ST #3-4	$699,000	3	2	1736	CONDO	9
342 LIVINGOOD LN	$738,000	4	2.1	2384	DETACHD	5
1435 ASH ST	$799,900	5	3	2532	DETACHD	18
1841 CLOVERLEAF RD	$825,000	5	3	2190	DETACHD	5
21 TOUCHSTONE	$849,900	4	2.1	1918	DETACHD	45
139 DEL PRADO ST	$1,150,000	3	2	2955	DETACHD	4
7 SCARBOROUGH DR	$1,150,000	4	2.1	3314	DETACHD	1
1736 PALISADES TERRACE DR	$1,150,000	4	3.1	3079	DETACHD	18
13720 GOODALL RD	$4,695,000	5	5.1	5969	DETACHD	89

SOLD June 27-July 3, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
44 EAGLE CREST DR #12	$199,900	$215,000	1	1	798	CONDO	4
4000 CARMAN DR #3	$279,000	$279,000	1	1	836	CONDO	3
196 CERVANTES	$369,000	$346,000	2	1.1	1241	CONDO	24
5062 FOOTHILLS DR, F	$445,000	$433,000	2	2	1252	CONDO	17
18892 ARROWWOOD AVE	$850,000	$905,000	4	2	2229	DETACHD	4
5550 BAY CREEK DR	$915,000	$925,000	4	2.1	2449	DETACHD	6
1537 ASH ST	$850,000	$953,000	4	3.1	2433	DETACHD	2
15213 CANDLEWOOD CT	$950,000	$975,000	4	2.1	2757	DETACHD	25
4 SCARBOROUGH DR	$998,000	$1,000,000	4	2.1	3233	DETACHD	3
15569 VILLAGE PARK CT	$1,150,000	$1,125,000	4	2.1	2755	DETACHD	10
4133 MELISSA DR	$995,000	$1,210,000	4	2.1	2872	DETACHD	1
3902 TAMARACK LN	$1,050,000	$1,265,000	4	2.1	2553	DETACHD	4
13399 STREAMSIDE CT	$1,249,000	$1,350,000	4	2.1	3218	DETACHD	3
19460 SW EASTSIDE RD	$1,299,000	$1,376,000	5	3.2	4521	DETACHD	20
5006 UPPER DR	$1,499,900	$1,395,000	4	3.1	3284	DETACHD	19
2365 PALISADES CREST DR	$1,300,000	$1,450,000	4	3	3746	DETACHD	4
520 C AVE	$1,478,000	$1,550,000	3	3.1	3242	ATTACHD	9
14390 UPLANDS DR	$5,795,000	$5,700,000	4	4.1	7839	DETACHD	21

The rise in interest rates appears to be having an impact on sales, although the numbers do remain strong. I’d say that if anything, at least at this point, the market feels fairly balanced between buyers and sellers.

Last week in Lake Oswego there were 24 properties that came onto the market, 3 of which went into pending status the same week, 14 pending sales, and 17 sold/closed homes.

See below for RMLS data.

New on the Market June 20-26, 2022

Address	Type	Price	BR	Bath	Sq Feet
4300 Botticelli St	Attached	$399,900	2	2.5	1721
12826 Boones Ferry Rd	Attached	$484,500	2	2.5	1182
4268 Woodside Circle	Attached	$589,900	4	2	1944
18667 Benfield Ave	Detached	$679,000	4	2	1414
14332 Sherbrook Pl	Detached	$689,900	3	2.5	1770
17188 Rebecca Ln	Detached	$690,000	3	2.5	1930
100 Leonard St 3-4	Condo	$699,000	3	2	1736
3 Becket St	Detached	$775,000	4	2.5	4285
17608 Sydni Ct	Attached	$799,900	4	2.5	2466
1841 Cloverleaf Rd	Detached	$825,000	5	3	2190
5115 Firwood Rd	Detached	$849,000	3	2.5	1660
42 Aquinas St	Detached	$899,900	4	2.5	2486
4996 Cascara Ln	Detached	$1,245,000	3	2.5	3106
5524 Koderra Ave	Detached	$1,370,000	3	2.5	2957
15003 Twin Fir Rd	Detached	$1,699,900	4	3.5	3075
776 Carrera Ln	Detached	$1,750,000	4	3	3449
4983 Park Bluff Pl	Detached	$2,349,500	4	4.5	3647
707 Lake Shore Rd	Detached	$3,150,000	3	3.5	2992
17952 Cardinal Dr	Detached	$3,599,000	4	3.5+.5	4588
120 Cabana Pointe	Detached	$4,098,000	4	4	3693
2101 Goodall Ct	Detached	$2,895,000	4	3.5	4290

Pending Sales June 20-26, 2022

Address	Type	Price	BR	Baths	Sq Ft	CDOM
44 Eagle Crest Dr #16	Condo	$289,000	3	2	1085	3
12868 Boones Ferry Rd	Condo	$495,000	2	2.5	1136	18
5342 Red Leaf St	Detached	$599,000	3	2.5	1710	9
14251 Camden Ln	Detached	$719,000	3	2.5	2179	2
1561 Woodland Terr	Detached	$825,000	3	2.5	2184	16
6236 SW Wayzata Ct	Detached	$975,000	4	2.5	2752	2
5322 Carman Grove Ln	Detached	$1,200,000	3	2.5	2647	22
568 Weidman Ct	Detached	$1,275,000	4	3.5	3702	3
4719 Lakeview Blvd	Detached	$1,299,000	4	3	2934	80
2365 Palisades Crest Dr	Detached	$1,300,000	4	3	3746	4
1025 Schukart Ln	Detached	$1,795,000	4	3	4233	44
3001 Westview Ct	Detached	$1,799,900	4	3.5	4317	26
697 Lake Bay Ct	Detached	$2,295,000	4	4.5	3715	37
17210 Cedar Rd	Detached	$2,785,000	5	5	3548	7

Sold/Closed June 20-26, 2022

Address	Type	List Price	Sold Price	Sq Feet	DOM
45 Eagle Crest Dr #513	Condo	$253,500	$205,000	1056	110
16661 Lake Forest Blvd	Detached	$585,000	$570,000	936	20
5650 Childs Rd	Detached	$599,900	$600,000	1980	8
4753 Dawn St	Detached	$700,000	$700,000	1550	4
4201 Cobb Way	Detached	$950,000	$861,130	2,242	10
668 McVey Ave #12	Condo	$875,000	$875,000	992	0
4527 Trillium Woods	Attached	$887,770	$940,000	2273	3
12431 SW Orchard Hill Rd	Detached	$960,000	$945,000	2724	9
22 Juarez St	Detached	$950,000	$975,000	3096	5
17 Musaryk St	Detached	$985,000	$995,000	4726	1
5336 Lower Dr	Detached	$1,095,000	$1,025,000	2549	18
4581 Heritage Ln	Detached	$1,088,000	$1,030,000	2118	24
4222 Cobb Way	Detached	$1,295,000	$1,125,000	2243	20
4146 Chad Dr	Detached	$1,395,000	$1,280,000	3707	14
937 9th St	Detached	$2,350,000	$2,178,000	3862	448
975 Lake Front Rd	Detached	$3,298,000	$3,320,000	3232	0
263 Northshore Rd	Detached	$4,700,000	$4,700,000	3525	0

Criteria:Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.