Here is your look at the latest numbers as released by RMLS for the overall Portland area and how Lake Oswego fits in just below.
Overview/Fluctuations ~ Market Data May 2021:
The stats show New Listings dropped a bit (2.3%) in May from April, and/but Accepted Offers rose at the same time by 8%.
Just when we think record lows in Inventory can’t get any lower, they do. May took us down to 0.7 months of available housing.
Rates are still attractive hovering around 3.125%. Best to get out and get active if you are planning to, given that the Fed indicated last week that they’d be raising rates sooner than previously expected.
According to the RMLS Market Action Report for the Portland Metro Area, May 2021:
There were 3,971 New Listings in May2021 increased 16.1% over April 2020’s 3,419 and decreased 2.3% from the previous month/April’s 4,065.
At 3,183, May 2021’s Closed Sales are up 62.1% from May 2020’s 1,963, and also up 8.0% from the previous month/April’s total of 2,946
At 3,717, May 2021’s Pending Sales increased 19.4% from May2020’s 3,112, and also rose 9.3% from the previous month/April’s total of 3,400.
The Average Sale Price in May2021 of $582,200 is up $114,700 from last year/April 2020’s $467,500, and up $24,300. from the previous month/April’s $557,900.
The “Median” Sale Price (the price smack dab in the middle of all sales) in May 2021 of $515,000 rose $90,000 from last year/May 2020’s $425,000, and also increased $15,000 from the previous month/April’s $500,000.
LAKE OSWEGO:
129 Active Listings (Apr 123)
222 New Listings (Apr 255)
223 Pending Sales (Apr 218)
199 Closed Sales (Apr 142)
Average Sale Price for May: $928,300 (Apr $818,300)
NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month. Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
The weather is glorious and so is real estate in Lake Oswego. Last we we had 18 new listings, 24 properties move into pending status, and 22 closed sales. Of the 22 closed sales, just 3 sold for less than the asking price and most sold for significantly more that the asking price
See below for RMLS details
New Listings June 7-13, 2021
Address
Type
Price
BR
Baths
Sq Ft
16250 Pacific Hwy #48
Condo
$345,000
2
2
1305
5225 Jean Rd #203
Condo
$359,900
3
2
1400
750 1st St A10
Condo
$495,000
2
2
1350
23 Falstaff St
Detached
$649,000
3
2
1435
5 Becket St
Detached
$685,000
4
2.5
3654
16624 Roosevelt
Detached
$699,900
3
2
2802
1959 Wembley Pl
Detached
$745,000
4
3
2128
16972 Greentree Ave
Detached
$1,100,000
4
3
2812
18711 Westview Dr
Detached
$1,195,000
4
3.5
3592
14511 Pfeifer Dr
Detached
$1,250,000
4
2.5
3422
18470 Ray Ridge Dr
Detached
$1,499,000
4
2.5
3902
18031 Meadowlark Ln
Detached
$1,525,000
4
3.5
3798
14088 Goodall Rd
Detached
$1,625,000
5
3.5+.5
4441
791 4th St
Detached
$1,675,000
3
2
1568
3140 Douglas Circle
Detached
$1,799,971
4
3.5
4333
1900 Northshore Rd
Detached
$2,995,000
5
3
3013
2088 Crest Dr
Detached
$6,995,000
4
6.5
8259
1226 Northshore Rd
Detached
$7,000,000
4
5.5
6330
Pending Sales June 7-13, 2021
Address
Type
Price
BR
Baths
Sq Ft
CDOM
4619 Lakeview Blvd
Condo
$205,000
1
1
753
8
4 Touchstone #123
Condo
$215,000
3
2.5
1351
26
4 Touchstone #124
Condo
$239,000
3
2.5
1351
22
45 Eagle Crest Dr #311
Condo
$245,000
2
2
1046
2
45 Eagle Crest Dr #28
Condo
$260,000
3
2
1161
2
19 Summit Ridge Ct
Attached
$449,000
2
2.5
1558
11
5616 Childs Rd
Detached
$495,000
3
1
1232
2
2710 SW Orchard Hill Ln
Detached
$611,900
3
2
2087
4
20 Preakness
Attached
$625,000
3
2
1790
5
16775 Westview Dr
Detached
$629,000
3
2
1806
4
5357 Lakeview Blvd
Detached
$649,900
4
2.5
1894
4
4771 Auburn Ln
Attached
$679,000
3
3.5
2183
32
3 Spinosa
Detached
$755,000
3
3
2615
23
13041 Thoma Rd
Detached
$770,000
3
2.5
2418
4
13431 Vermeer Dr
Detached
$774,500
4
2.5
2701
2
9 Preakness Ct
Detached
$849,900
4
3
3750
4
19001 Barton Rd
Detached
$899,000
4
2.5
2194
13
1585 Patton Rd
Detached
$915,000
4
3
3331
3
3250 Westview Ct
Detached
$1,115,000
5
3.5
3928
208
18635 Westview Dr
Detached
$1,150,000
4
5
5102
2
5774 Bay Point Dr
Detached
$1,165,000
5
2.5
3674
25
5024 Dogwood Dr
Detached
$1,195,000
4
3.5
3267
25
4640 Dogwood Dr
Detached
$1,500,000
4
4
4142
9
13217 Amber Pl #1
Detached
$2,000,000
4
3.5
3861
474
Sold/Closed Sales June 7-13, 2021
Address
Type
List Price
Sold Price
Sq Ft
CDOM
49 Oswego Summit
Condo
$215,000
$232,000
721
3
750 1st St E 28
Condo
$245,000
$250,000
902
31
225 Cervantes
Condo
$319,000
$319,000
1216
21
3950 Carman Dr
Condo
$345,000
$400,000
1101
3
1335 Laurel St
Detached
$529,000
$571,000
1248
3
338 Laurel St
Detached
$529,000
$571,000
1346
4
1127 Cedar St
Detached
$539,900
$575,000
1848
4
5785 Carman Dr
Detached
$599,900
$610,000
1934
2
3722 Eleanor Ct
Detached
$575,000
$636,000
1182
1
2633 SW Orchard Hill Ln
Detached
$595,000
$640,000
2136
5
17473 Schalit Way
Detached
$619,900
$662,200
1,812
4
5717 Langford Ln
Detached
$675,000
$685,000
1800
$4
18634 Bryant Rd
Detached
$775,000
$720,000
2858
32
1401 Aspen St
Detached
$749,950
$785,000
2850
6
100 Leonard St 4-1
Condo
$965,000
$950,000
3021
5
13209 Twin Creek Ct
Detached
$888,000
$950,000
3021
5
524 Weidman Ct
Detached
$950,000
$980,000
3450
8
5737 Charles Circle
Detached
$899,000
$1,025,000
3088
4
69 Nansen Summit
Detached
$985,000
$1,085,000
3185
5
13906 Taylors Crest Ln
Detached
$1,250,000
$1,399,888
3856
4
18262 Meadowlark Ln
Detached
$1,799,000
$1,725,000
4757
40
584 Ridgeway Rd
Detached
$4,398,000
$4,398,000
4996
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.
Last week we saw 15 homes enter the market, 28 move to Pending/Accepted Offer status, and 35 Closed/Sold. Right now there are 104 beautiful properties to choose from in Lake Oswego!
Our real estate market continues to be extremely strong with properties selling quickly and often for more than the list price. In Lake Oswego last week we had 13 new listings, 39 properties move into pending status and 28 sold/closed homes.
See below for RMLS details.
New on the Market May 24-30, 2021
Address
Type
Price
BR
Baths
Sq Ft
15438 SW Stephanie Ct
Attached
$469,987
3
2.5
1627
4124 Harvey Way
Detached
$649,900
3
2
1410
217 Hidalgo
Detached
$769,900
3
2.5
4312
5542 Dunmire Dr
Detached
$899,000
4
2.5
3256
19001 Barton Rd
Detached
$899,000
4
2.5
2194
18430 Pilkington Rd
Detached
$1,175,000
4
3
3021
640 9th St
Detached
$1,450,000
4
3
3321
858 10th St
Detached
$1,650,000
3
2.5
3880
4502 Lamont Way
Detached
$1,795,000
4
4
3880
17600 Upper Cherry Ln
Detached
$2,099,000
4
3.5
3905
1155 Crestline Ct
Detached
$2,200,000
5
4.5
7438
19379 Riverwood Ln
Detached
$2,700,000
5
4
4584
1075 Chandler Rd
Detached
$2,799,000
5
4.5
5710
Pending sales May 24-30, 2021
Address
Type
Price
BR
Baths
Sq Ft
CDOM
4 Touchstone #123
Condo
$215,000
3
2.5
1351
14
49 Oswego Summit
Condo
$215,000
1
1
721
3
4000 Carman Dr #60
Condo
$265,000
2
2
866
39
78 Galen St
Condo
$299,000
2
2
989
4
3688 Spring Ln 3D
Condo
$350,000
2
2
1117
3
1104 Boca Ratan Dr
Attached
$459,000
3
2.5
1739
21
103 Kingsgate Rd
Detached
$525,000
3
2.5
1352
5
3388 Edgemont Rd
Detached
$595,000
3
2.5
2019
5
979 Devon Ln
Detached
$599,900
4
3.5
2362
4
31 Partridge Ln
Detached
$634,900
4
3
3158
5
830 Laurel St
Detached
$645,000
3
2
1400
3
1131 Oxford Dr
Detached
$675,000
4
3
2200
9
5717 Langford Ln
Detached
$675,000
3
2.5
1800
4
16441 Bonaire Ave
Detached
$679,900
3
1
1677
5
13413 Auburn Ct
Attached
$689,000
4
3.5
2822
3
15481 Tanager Dr
Detached
$725,000
3
2.5
2153
9
9 Falstaff St
Detached
$729,000
4
2.5
2436
51
4846 Lower Dr
Detached
$749,900
5
3
2655
105
1401 Aspen St
Detached
$749,950
3
2.5
2850
6
686 Sunny Hill Dr
Detached
$750,000
4
2.5
2392
6
17266 Fernwood Dr
Detached
$779,000
3
2.5
2086
5
12427 SW Orchard Hill Rd
Detached
$849,000
4
2.5
3023
2
12792 Sierra Vista Dr
Detached
$899,000
4
2.5
3343
6
17575 Blue Herron Ct
Detached
$899,900
4
3.5
2972
4
1874 Glenmorrie Terr
Detached
$950,000
3
3
3508
35
400 Lake Bay Ct
Detached
$1,050,000
3
2.5
1904
3
1151 Cherry Circle
Detached
$1,195,000
4
3.5
4009
7
1896 Palisades Lake Ct
Detached
$1,199,000
4
3
3439
4
4081 Pfeifer Ct
Detached
$1,200,000
5
3.5
4078
3
18336 Westview Dr
Detached
$1,395,000
4
4
4921
9
804 2nd St
Detached
$1,450,000
5
2.5
2945
30
18224 Bella Terra Dr
Detached
$1,575,000
4
3.5
4050
8
149 Furnace St #25
Condo
$1,795,000
4
3.5
3954
6
1175 Cherry Circle
Detached
$1,850,000
6
5
6300
12
13233 Amber Pl
Detached
$1,999,000
4
4
3913
0
13589 Goodall Rd
Detached
$2,599,000
4
3
4443
38
445 Northshore Rd
Detached
$3,198,000
3
3.5
2908
2
460 Bergis Rd
Detached
$4,750,000
6
4.5
5114
569
1190 Fairway Rd
Detached
$5,495,000
4
5.5
5855
9
Sold/Closed May 24-30, 2021
Address
Type
List Price
Sold Price
Sq Ft
CDOM
13 Oswego Summit
Condo
$199,900
$205,000
764
27
4 Touchstone #111
Condo
$220,000
$214,500
1,351
6
47 Eagle Crest Dr #63
Condo
$235,000
$248,800
830
4
5059 Foothills Dr G
Condo
$335,000
$330,000
991
14
243 Cervantes
Condo
$399,000
$390,000
1292
53
1461 Greentree Circle
Detached
$645,000
$660,000
1745
8
13901 Sundeleaf Dr
Detached
$622,000
$680,000
1988
6
5316 Lower Dr
Detached
$699,000
$687,000
2016
15
15380 Twin Fir Rd
Detached
$692,000
$707,000
2940
25
1931 Mapleleaf Ct
Detached
$699,900
$740,000
2292
5
1038 Gans St
Detached
$660,000
$760,000
2,058
4
18491 Waxwing Circle
Detached
$675,000
$780,000
1934
$4
100 D Ave
Attached
$798,000
$800,000
1847
5
282 Ash St
Detached
$780,000
$815,000
2791
30
18123 Westridge Dr
Detached
$799,900
$873,000
2677
4
24 Tanglewood Dr
Detached
$750,000
$935,000
2630
3
32 Westridge Dr
Detached
$949,000
$950,000
3653
8
16176 Nola Ct
Detached
$969,000
$973,500
2945
5
885 10th St
Detached
$1,150,000
$1,075,000
2633
21
6 Sherwood Ct
Detached
$995,900
$1,085,000
3133
4
18958 Bryant Rd
Detached
$1,199,900
$1,150,000
3178
13
5570 Kilchurn Ave
Detached
$1,150,000
$1,251,000
2931
3
1924 Cheryl Ct
Detached
$1,595,000
$1,700,000
5306
5
3711 Wren St
Detached
$1,595,000
$1,700,000
3347
4
13300 Atwater Ln
Detached
$1,599,000
$1,700,000
3110
3
18012 Eastridge Ln
Detached
$2,100,000
$2,075,000
5875
10
17660 Wayside Ln
Detached
$1,950,000
$2,185,000
4784
5
17979 S Crestline Dr
Detached
$3,045,000
$2,687,000
4,858
18
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 week’s report shows 14 New properties hitting the market, 33 moving to Pending status (accepted Offers) and 25 Sold/Closed in Lake Oswego.
Right now there are 93 properties available in this little hamlet so close to downtown Portland & the Willamette River & central to both east & west surrounding Portland areas.
NEW May 17-23, 2021
Address
List Price
# Beds
# Baths
Total SF
Prop Type
43 GREENRIDGE CT
$425,000
3
1.1
1652
ATTACHD
12572 BOONES FERRY RD
$579,000
4
2
1577
DETACHD
4396 GALEWOOD ST
$650,000
3
2.1
1672
DETACHD
1131 OXFORD DR
$675,000
4
3
2200
DETACHD
5071 TUALATA LN
$675,000
3
3
1540
DETACHD
15481 TANAGER DR
$725,000
3
2.1
2153
DETACHD
1015 SOUTH SHORE BLVD
$1,089,000
4
3
3882
DETACHD
5800 SEVILLE AVE
$1,299,000
4
4
3912
DETACHD
18336 WESTVIEW DR
$1,395,000
4
4
4921
DETACHD
4210 VIRGINIA WAY
$1,549,000
4
4.1
3508
DETACHD
18224 BELLA TERRA DR
$1,575,000
4
3.1
4050
DETACHD
4440 UPPER DR
$1,899,000
4
3.1
3583
DETACHD
1978 EGAN WAY
$2,198,000
4
5.2
6761
DETACHD
14500 UPLANDS DR
$2,495,000
5
4.2
5544
DETACHD
PENDING May 17-23, 2021
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
4 TOUCHSTONE #69
$220,000
3
2.1
1351
CONDO
3
47 EAGLE CREST DR #63
$235,000
2
1
830
CONDO
4
750 1ST ST E28
$245,000
1
1
902
CONDO
31
137 OSWEGO SMT / Upper
$269,500
2
2
1212
CONDO
5
3882 BOTTICELLI ST / Main
$289,000
3
2
1224
CONDO
20
3892 BOTTICELLI ST / Main
$303,500
3
2
1288
CONDO
4
3950 CARMAN DR / Grnd
$345,000
2
2.1
1101
CONDO
3
1335 LAUREL ST
$350,000
2
1
1248
DETACHD
3
4320 BOTTICELLI ST #11
$379,995
2
2.2
2098
ATTACHD
13
16200 PACIFIC HWY #21
$419,900
2
2
1190
CONDO
5
14392 SHERBROOK PL
$515,000
3
2.1
2133
DETACHD
4
338 LAUREL ST
$529,000
3
2
1346
DETACHD
4
2991 GLEN HAVEN RD
$650,000
4
3
2560
DETACHD
5
14 MORNINGVIEW CIR
$699,900
4
3.1
2728
DETACHD
19
2740 GLEN HAVEN RD
$699,900
3
2.1
1612
DETACHD
3
19419 TUALAMERE AVE
$749,000
3
2
2068
DETACHD
9
16915 GREENTREE AVE
$759,000
3
3
2791
DETACHD
7
1244 HALLINAN CIR
$775,000
4
3
2485
DETACHD
5
3061 WESTVIEW CT
$799,000
4
3
3396
DETACHD
36
5747 VICTORIA CT
$810,000
4
2.1
2432
DETACHD
2
5737 CHARLES CIR
$899,000
4
2.1
3088
DETACHD
4
17144 WARREN CT
$920,000
4
2.1
2778
DETACHD
6
69 Nansen Summit
$985,000
3
2.1
3185
DETACHD
5
2002 CEDAR CT
$1,079,000
3
2
2945
DETACHD
6
14175 TAYLORS CREST LN
$1,095,000
4
3
3432
DETACHD
4
56 WILBUR ST
$1,225,000
3
3.1
3600
ATTACHD
7
138 DEL PRADO ST
$1,425,000
5
4
4500
DETACHD
3
4484 WEST BAY RD
$1,649,000
5
3.1
4417
DETACHD
6
16315 CHAPIN WAY
$1,795,000
4
3.1
3478
DETACHD
4
18740 GREEN BLUFF DR
$1,800,000
4
3
3645
DETACHD
3
7 DOVER WAY
$1,899,999
5
5.1
7803
DETACHD
3
1845 PALISADES TERRACE DR
$3,650,000
3
2.1
2674
DETACHD
17
1125 MAPLE ST
$3,900,000
4
3.1
6254
DETACHD
82
SOLD May 17-23, 2021
Address
Opening Price
Closed Price
# Beds
# Baths
Total SF
Prop Type
CDOM
82 GALEN ST / Upper
$199,500
$210,000
1
0.1
690
CONDO
2
5059 FOOTHILLS DR E
$312,000
$338,000
2
2
989
CONDO
10
54 GREENRIDGE CT
$429,000
$440,000
3
2
1596
CONDO
7
5509 BONITA RD
$449,900
$560,000
3
2
2000
DETACHD
3
76 GREENRIDGE CT
$674,900
$632,685
4
3.1
2868
ATTACHD
28
19061 REDWING CT
$700,000
$740,000
3
2
1611
DETACHD
4
769 6TH ST
$652,000
$768,000
2
1
720
DETACHD
2
1002 HEMLOCK ST
$725,000
$775,000
3
2.1
1950
DETACHD
4
1710 YARMOUTH CIR
$769,000
$780,000
2
2
1540
DETACHD
2
1225 Hallinan ST
$724,900
$788,000
3
2.1
1819
DETACHD
6
19233 INDIAN SPRINGS RD
$799,950
$799,950
4
4.1
3423
DETACHD
11
10 YORICK ST
$925,000
$915,000
5
3.1
4023
DETACHD
19
1007 HEMLOCK ST
$899,000
$963,000
3
2.1
1930
DETACHD
3
17167 CEDAR RD
$880,000
$984,000
3
2
2673
DETACHD
3
16126 SW INVERURIE RD
$899,000
$988,000
4
2.1
2492
DETACHD
5
12624 SW 22ND AVE
$945,000
$1,010,000
4
3.1
3665
DETACHD
4
19201 MAREE CT
$1,300,000
$1,250,000
5
2.1
4290
DETACHD
27
1891 PALISADES LAKE CT
$1,425,000
$1,400,000
4
4.1
5389
DETACHD
193
13311 LESLIE CT
$1,540,000
$1,540,000
5
5
5596
DETACHD
0
784 6TH ST
$1,625,000
$1,625,000
4
3
3200
DETACHD
5
822 6TH ST
$1,444,900
$1,650,000
4
3
2920
DETACHD
3
13613 PROVINCIAL HILL WAY
$1,550,000
$1,675,000
6
3.1
4534
DETACHD
4
6 DOVER WAY
$1,795,000
$1,700,000
4
3.1
4499
DETACHD
9
15400 DIAMOND HEAD RD
$2,100,000
$2,050,000
4
3.1
3358
DETACHD
1
15780 TWIN FIR RD
$2,975,000
$2,825,000
4
4.1
4270
DETACHD
44
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.
Last week in Lake Oswego there were 15 new listings, 27 properties that moved into pending status, and 29 sold/closed sales.
I want to point out two things. This market is moving so fast that houses are going pending before Linda or I pull up the data to do this market activity report. This skews the numbers for the new listings because they are going pending so fast that they are not showing up in the new listing data. Second, I want to point out the opposite. Not every property is selling in just a couple of days. In the pending properties 7 out of 27 sold in a few weeks. In the sold properties 6 out of 29 sold in a longer period of time. This happens. Don’t beat yourself up if you don’t sell over night and for more than asking price. Real estate has lots and lots of variables and nothing is cast in stone. This is also why it’s important to hire a really great Realtor.
See below for an explanation of the RMLS data.
New on the Market May 10-16, 2021
Address
Type
Price
BR
Baths
Sq Ft
15461 Wesley Ct
Detached
$619,900
4
2.5
1676
1571 Woodland Terrace
Detached
$740,000
3
2
2400
3 Spinosa
Detached
$755,000
3
3
2615
16915 Greentree Ave
Detached
$759,000
3
3
2791
19419 Tualamere Ave
Detached
$765,000
3
2
2068
17144 Warren Ct
Detached
$920,000
4
2.5
2778
12962 Knaus Rd
Detached
$975,000
3
2.5
1925
2164 Summit Dr
Detached
$987,000
2
2
1785
18343 Anduin Terr
Detached
$995,000
4
2.5
3000
5455 Langford Ln
Detached
$999,900
4
2.5
3398
18320 Delenka Ln
Detached
$1,150,000
4
2.5
4519
5774 Bay Point Dr
Detached
$1,195,000
5
2.5
3674
56 Wilbur St
Attached
$1,225,000
3
3.5
3600
17436 Kelok Rd
Detached
$1,595,000
4
2.5
3054
1175 Cherry Circle
Detached
$1,850,000
6
5
6300
Pending Sales May 10-16, 2021
Address
Type
Price
BR
Baths
Sq Ft
CDOM
82 Galen St
Condo
$199,500
1
1
690
2
13 Oswego Summit
Condo
$199,900
1
1
764
27
4 Touchstone #111
Condo
$220,000
3
2.5
1351
6
48 Eagle Crest Dr 2C
Condo
$349,000
3
2
1623
5
4072 Jefferson Pkwy
Attached
$359,900
3
2.5
1290
5
16200 Pacific Hwy #4
Condo
$480,000
2
2
1190
68
5221 Tree St
Detached
$525,000
3
1
924
3
1127 Cedar St
Detached
$539,900
2
1
1848
4
2633 SW Orchard Hill Ln
Detached
$595,000
3
2.5
2136
5
17473 Schalit Way
Detached
$619,900
3
2.5
1812
4
1461 Greentree Circle
Detached
$645,000
3
2
1745
8
1865 Greentree Rd
Detached
$699,000
4
2
1960
6
18634 Bryant Rd
Detached
$749,900
3
2.5
2858
32
5546 Royal Oaks Dr
Detached
$759,000
3
2
1920
23
2911 SW Orchard Hill Pl
Detached
$795,000
4
3.5
3740
37
17043 Crestview Dr
Detached
$799,900
4
2.5
2303
4
18123 Westview Dr
Detached
$799,900
3
2.5
2677
4
4188 Cobb Way
Detached
$825,000
4
3
2586
5
946 Cumberland Rd
Detached
$849,000
5
3
2548
2
5825 Bay Point Dr
Detached
$850,000
4
2.5
2604
3
491 Country Club Rd
Detached
$865,000
4
2
2486
2
15950 Parker Rd
Detached
$899,900
5
2.5
2686
3
1982 Wembly Park Rd
Detached
$949,000
5
4
4561
15
4317 Upper Dr
Detached
$1,195,000
5
4.5
3145
5
1255 Bickner St
Detached
$1,199,000
4
2.5
2764
43
5795 Dogwood Dr
Detached
$1,285,000
4
2.5
3420
4
1730 Northshore Rd
Detached
$4,295,000
4
3.5
4173
3
Sold/Closed Properties May 10-16, 2021
Address
Type
List Price
Sold Price
Sq Ft
CDOM
47 Eagle Crest Dr #6
Condo
$179,900
$184,000
672
39
95 Oswego Summit
Condo
$229,000
$225,000
1,116
6
86 Kingsgate Rd A202
Condo
$246,000
$244,820
849
25
4629 Lakeview Blvd
Condo
$249,999
$252,500
1178
24
5225 Jean Rd #513
Condo
$349,900
$364,000
1400
4
15446 Stephanie Ct
Attached
$400,000
$425,000
1582
5
750 1st St B-1
Condo
$395,000
$438,500
1546
5
22 Condolea Dr
Condo
$410,000
$440,000
1448
1
1305 Spruce St
Detached
$449,000
$500,000
1024
5
16748 Lake Forest Blvd
Detached
$445,000
$515,000
1076
5
234 Greenridge Dr
Attached
$559,900
$600,000
1,492
4
18631 Kristi Way
Detached
$525,000
$602,500
1472
4
5978 Fernbrook Circle
Detached
$585,000
$650,000
1612
4
1620 Woodland Terr
Detached
$690,000
$701,000
2352
4
17 Abelard St
Detached
$650,000
$725,000
2122
2
143 Del Prado St
Detached
$621,000
$750,000
1907
0
660 Hemlock St
Detached
$684,900
$790,000
1648
4
672 1st St
Condo
$850,000
$850,000
1986
4
12793 Sierra Vista Dr
Detached
$899,900
$915,000
3650
3
538 Livingood Ln
Detached
$875,000
$940,000
2807
4
1992 Palisades Terr Dr
Detached
$1,250,000
$1,400,000
4140
7
2065 Ridge Pointe Dr
Detached
$1,495,000
$1,475,000
4790
19
18977 Pilkington Rd
Detached
$1,529,098
$1,595,000
3669
6
17509 Ridgeview Ln
Detached
$1,599,900
$1,620,000
3938
2
16777 Phantom Bluff Ct
Detached
$1,995,000
$1,900,000
5045
14
16847 Greenbrier Rd
Detached
$2,700,000
$2,350,000
2360
35
538 Ridgeway Rd
Detached
$2,448,000
$2,488,000
4004
0
18277 Crestline Dr
Detached
$3,100,000
$2,596,595
6,892
169
4933 Lakeview Blvd
Detached
$1,350,000
$1,375,000
3988
1
Criteria:Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings
Here is your wider Portland Market Report according to RMLS data, with overall Neighborhood changes and Lake Oswego data broken out below.
Overview/Fluctuations ~ Market Data April 2021:
Record low Inventory continues. Competition is heavy and/but anecdotally the grapevine says more properties are starting to show up now in May, and I’m seeing & hearing about more Offers accepted at or nearer asking price. The numbers will tell next month when we look at May’s totals, but that is the buzz. Mortgage rates are still great. The latest, though it varies on a daily basis and from individual to individual, is 3.25-3.35% on a 30-year Conventional loan w/a 700 credit score & 20% down.
There were 4,065 New Listings in April 2021 increased 42.8% over April 2020’s 2,487 and increased 17.3% from the previous month/March’s 3,465.
At 2,946, April 2021’s Closed Sales are up 46.2% from April 2020’s 2,015, and also up 15.3% from the previous month/March’s total of 2,556
At 3,400, April 2021’s Pending Sales increased 66.6% from April 2020’s 2,041, and also jumped up by 1.6% from the previous month/March’s total of 3,346.
The Average Sale Price in April 2021 of $557,900 is up $80,500 from last year/April 2020’s $477,400, and up $3,600. from the previous month/March’s $554,300.
The “Median” Sale Price (the price smack dab in the middle of all sales) in April 2021 of $500,000 rose $76,000 from last year/April 2020’s $424,000, and also increased $12,000 from the previous month/March’s $488,000.
According to the RMLS Market Action Report for the Portland Metro Area, April 2021:
LAKE OSWEGO
The combined areas of Lake Oswego and West Linn for the month of April 2021 reported:
123 Active Listings (Mar 112)
255 New Listings (Mar 188)
218 Pending Sales (Mar 156)
142 Closed Sales (Mar 112)
Average Sale Price for Apr: $818,300 (Mar $944,100)
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.
The hot pace of the real estate market continues. Lake week in Lake Oswego we had 11 new listings, 26 houses go into pending status, and 29 sold/closed properties. Of the 26 that entered into pending status, 15 sold in less than a week.
See below for RMLS explanation
New on the market April 26-May 2, 2021
Address
Type
Price
BR
Baths
Sq Ft
3882 Botticelli St
Condo
$289,000
3
2
1224
54 Greenridge Ct
Condo
$429,000
3
2
1596
13019 Sierra Ct
Detached
$819,000
4
2.5
2522
1982 Wembley Park Rd
Detached
$975,000
5
4
4561
755 5th St
Detached
$1,375,000
4
3.5
3001
804 2nd St
Detached
$1,550,000
5
2.5
2945
791 Briercliff Ln
Detached
$1,685,000
3
2.5
2232
853 D Ave
Detached
$1,950,000
4
3.5
5137
13598 Goodall Rd
Detached
$1,989,000
4
4.5+.5
3573
611 Ridgeway Rd
Detached
$1,395,000
4
5.5
4463
1186 Crestlline Ct
Detached
$5,498,000
6
6.5+.5+.5
14411
Pending sales April 26-May 2, 2021
Address
Type
Price
BR
Baths
Sq Ft
CDOM
4 Touchstone #68
Condo
$219,000
2
2
984
10
147 Oswego Summit
Condo
$232,000
2
2
1140
3
225 Cervantes
Condo
$319,000
2
1.5
1216
21
243 Cervantes
Condo
$399,000
2
2
1292
53
234 Greenridge Dr
Attached
$599,900
2
2
1492
4
1038 Gans St
Detached
$660,000
4
3
2058
4
14 Morningview Circle
Detached
$689,900
4
3.5
2728
4
15389 Twin Fir Rd
Detached
$692,000
4
3
2940
3
660 Hemlock St
Detached
$699,900
3
2
1648
4
4097 Buck Brush Ln
Detached
$749,900
3
2.5
2533
5
24 Tanglewood Dr
Detached
$750,000
5
3
2630
3
1118 Andrews Rd
Detached
$849,000
3
2
2182
3
2376 Fernwood Circle
Detached
$849,000
4
2
2094
5
324 Lakewood Rd
Detached
$928,000
2
2
1383
10
32 Westridge Dr
Detached
$949,000
4
2.5+.5
3653
8
100 Leonard St 4-1
Condo
$965,000
3
2.5
2482
20
4145 Chad Rd
Detached
$1,050,000
4
2.5
3360
9
5570 Kilchurn Ave
Detached
$1,150,000
4
2.5
2931
3
5918 Seville Ave
Detached
$1,289,800
4
3
1776
24
3119 Wembley Park Rd
Detached
$1,385,000
4
3.5
3688
2
1924 Cheryl Ct
Detached
$1,595,000
4
4.5+.5
5306
5
3711 Wren St
Detached
$1,595,000
3
3.5
3347
4
3423 Lake Grove Ave
Detached
$1,695,000
4
3.5
4721
25
4595 Wildwood St
Detached
$1,899,000
4
4
3854
3
16847 Greenbrier Rd
Detached
$2,495,000
3
2.5
2360
35
17979 Crestline Dr
Detached
$3,045,000
4
3
4858
18
Sold/closed April 26-May 2, 2021
Address
Type
List Price
Sold Price
Sq Ft
CDOM
125 Oswego Summit
Condo
$198,000
$198,000
764
3
22 Oswego Summit
Condo
$198,900
$200,000
764
2
4000 Carman Dr E82
Condo
$243,000
$256,500
827
3
3922 Carman Dr
Condo
$345,000
$350,000
1137
13
5840 Burma Rd
Detached
$475,000
$410,000
1632
47
668 McVey Ave #33
Condo
$499,000
$490,000
852
49
6310 Burma Rd
Detached
$499,000
$499,000
1052
7
5850 Kenny St
Detached
$515,000
$525,000
1172
17
4917 Mullholland Dr
Attached
$678,000
$678,000
2403
10
4555 Wildwood St
Detached
$650,000
$743,000
1565
6
871 8TH St
Detached
$725,000
$786,000
1,096
4
19 Monticello Dr
Detached
$688,000
$788,000
3478
4
12645 Boones Ferry Rd
Detached
$799,950
$800,000
3038
34
209 Evergreen Rd
Attached
$755,000
$800,000
2045
3
7 Preakness Ct
Detached
$724,900
$807,000
2907
5
175 Furnace St
Condo
$869,000
$869,000
1898
0
4365 Bernard St
Detached
$750,000
$875,000
2632
2
545 Ridgeway Rd
Detached
$818,000
$883,000
2110
3
13841 Verte Ct
Detached
$985,000
$910,000
2350
28
6540 Childs Rd
Detached
$799,500
$915,000
2747
4
3170 Royce Way
Detached
$799,500
$950,000
3193
4
19230 Bryant Rd
Detached
$1,149,000
$975,000
3441
289
15725 Tara Pl
Detached
$940,000
$980,000
3372
3
18041 Cardinal Dr
Detached
$1,095,000
$1,175,000
1950
1
17521 Lake Haven Dr
Detached
$1,200,000
$1,200,000
3247
6
486 Lake Bay Ct
Detached
$1,150,000
$1,205,000
1603
4
554 4th St
Attached
$1,449,000
$1,375,000
3376
16
1688 Leslie Ln
Detached
$1,898,000
$1,750,000
5540
53
1890 Twin Points Rd
Detached
$2,65,000
$2,500,000
4274
37
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 last week in Lake Oswego we saw 10 New Properties come to market, a whopping 36 move to Pending status (accepted Offers), and 16 Closed/Sold.
Here are the details per RMLS:
NEW April 19-25, 2021
Address
List Price
# Beds
# Baths
Total SF
Prop Type
4 TOUCHSTONE #68
$219,000
2
2
984
CONDO
4 TOUCHSTONE #142
$229,900
2
2
979
CONDO
19239 SW BENFIELD AVE
$900,000
3
3
1968
DETACHD
324 LAKEWOOD RD
$928,000
2
2
1383
DETACHD
1874 GLENMORRIE TER
$975,000
3
3
3508
DETACHD
4145 CHAD DR
$1,050,000
4
2.1
3360
DETACHD
940 UPPER DEVON LN
$1,950,000
4
3.1
4464
DETACHD
17301 BERGIS FARM DR
$2,250,000
4
3.1
4737
DETACHD
2679 GLEN EAGLES RD
$2,750,000
4
4.1
4709
DETACHD
197 PINE VALLEY RD
$3,200,000
6
3.1
5983
DETACHD
PENDING April 19-25, 2021
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
47 EAGLE CREST DR #6
$184,000
1
1
672
CONDO
39
13 OSWEGO SMT / Lower
$199,900
1
1
764
CONDO
8
750 1ST ST E28
$245,000
1
1
902
CONDO
7
526 S State ST 5A
$314,950
2
1
914
CONDO
11
1305 SPRUCE ST
$449,000
3
1
1024
DETACHD
5
5509 BONITA RD
$449,900
3
2
2000
DETACHD
3
17 LAUREL ST
$599,000
3
1.1
3096
DETACHD
6
6090 CARMAN DR
$650,000
4
1.1
1620
DETACHD
44
19061 REDWING CT
$700,000
3
2
1611
DETACHD
4
1225 Hallinan ST
$724,900
3
2.1
1819
DETACHD
6
1002 HEMLOCK ST
$725,000
3
2.1
1950
DETACHD
4
5546 ROYAL OAKS DR
$759,000
3
2
1920
DETACHD
3
282 ASH ST
$780,000
4
2.1
2791
DETACHD
30
19233 INDIAN SPRINGS RD
$799,950
4
4.1
3423
DETACHD
11
3061 WESTVIEW CT
$875,000
4
3
3396
DETACHD
5
13209 TWIN CREEK CT
$888,000
4
2.1
3021
DETACHD
5
17787 BLUE HERON DR
$895,000
4
3
2519
DETACHD
9
16126 SW INVERURIE RD
$899,000
4
2.1
2492
DETACHD
5
30 HILLSHIRE DR
$950,000
4
2.1
3887
DETACHD
2
16176 NOLA CT
$969,000
4
2.1
2945
DETACHD
5
6 SHERWOOD CT
$995,900
4
2.1
3133
DETACHD
4
18015 CARDINAL DR
$1,095,000
3
2
1622
DETACHD
5
3931 BASS LN
$1,365,000
5
4.1
4284
DETACHD
2
19305 HILL TOP RD
$1,375,000
4
3.1
5116
DETACHD
239
1891 PALISADES LAKE CT
$1,425,000
4
4.1
5389
DETACHD
193
558 6TH ST
$1,550,000
3
3.1
2949
DETACHD
4
3159 DOUGLAS CIR
$1,595,000
6
4.1
4500
DETACHD
3
784 6TH ST
$1,625,000
4
3
3200
DETACHD
5
1799 ATHERTON DR
$1,669,000
4
5.1
6280
DETACHD
37
18639 PILKINGTON RD
$1,675,000
4
4
4281
DETACHD
7
19342 LORNA LN
$1,685,000
4
3.1
4375
DETACHD
2
6 DOVER WAY
$1,795,000
4
3.1
4499
DETACHD
9
13217 AMBER PL #1
$1,849,000
4
3.1
3861
DETACHD
430
2950 WEMBLEY PARK RD
$2,499,000
5
5.1
6667
DETACHD
3
18277 CRESTLINE DR
$2,850,000
4
5.1
6892
DETACHD
169
584 RIDGEWAY RD
$4,398,000
4
3.2
4996
DETACHD
3
SOLD April 19-25, 2021
Address
OpeningPrice
Closed Price
# Beds
# Baths
Total SF
Prop Type
CDOM
47 EAGLE CREST DR #51
$180,000
$180,000
1
1
670
CONDO
13
4000 CARMAN DR #36
$222,500
$233,000
1
1
836
CONDO
2
48 EAGLE CREST DR %F
$264,900
$240,000
2
2
1370
CONDO
428
26 CERVANTES CIR / Ground
$261,900
$240,000
2
1.1
1107
CONDO
56
4185 CHILDS RD
$535,000
$550,000
3
1.1
1175
DETACHD
5
16880 CORTEZ CT
$575,000
$573,000
3
3
2313
DETACHD
27
63 TANGLEWOOD DR
$625,000
$650,000
4
3
2819
DETACHD
3
1820 SOUTHSHORE BLVD
$700,000
$706,000
3
3
2403
DETACHD
4
5139 TUALATA LN
$799,900
$822,191
4
3
2132
DETACHD
2
2552 PALISADES CREST DR
$975,000
$955,000
4
2.1
3176
DETACHD
12
5544 KILCHURN AVE
$995,000
$1,050,000
4
2.1
3308
DETACHD
4
17311 CANYON DR
$1,149,000
$1,079,000
6
3
5376
DETACHD
35
1061 YATES ST
$1,100,000
$1,136,000
4
3.1
2899
DETACHD
14
17990 RIDGE LAKE DR
$1,445,000
$1,420,000
5
3.1
3897
DETACHD
21
1505 LAKE FRONT RD
$3,495,000
$3,470,000
5
3.1
5525
DETACHD
4
1300 FOREST MEADOWS WAY
$4,098,000
$4,150,000
5
4.2
5974
DETACHD
46
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.
We have been having a truly beautiful spring. It’s the perfect time of year to do some house shopping and looking at last week’s numbers in Lake Oswego, I’m not alone in this thinking. We had 9 new listings come onto the market, 30 move into pending status, and 13 sold/closed properties.
Please see below for RMLS details.
New Listings April 12-14, 2021
Address
Type
Price
BR
Baths
Sq Ft
750 1st St E28
Condo
$245,000
1
1
902
4000 Carman Dr #60
Condo
$265,000
2
2
866
38 Northview Ct
Attached
$638,900
4
4
3125
4527 Trillium Woods
Attached
$845,000
3
2.5
2273
4350 Upper Dr
Detached
$875,000
3
2
1717
17787 Blue Heron Dr
Detached
$895,000
4
3
2519
18639 Pilkington Rd
Detached
$1,675,000
4
4
4281
2572 Glen Eagles Pl
Detached
$2,950,000
5
4.5+.5
6532
2254 Knaus Rd
Detached
$4,125,000
4
5.4
7436
1475 Oak Terrace
Detached
$4,699,000
5
3.5
3674
Pending Sales April 12-18, 2021
Address
Type
Price
BR
Baths
Sq Ft
CDOM
86 Kingsgate Rd A202
Condo
$246,000
2
2
849
28
5059 Foothills Dr E
Condo
$312,000
2
2
989
10
5059 Foothills Dr G
Condo
$335,000
2
2
991
14
5225 Jean Rd #513
Condo
$349,900
3
2
1400
4
750 1st St B-1
Condo
$395,000
3
2
1546
5
22 Condolea Dr
Condo
$410,000
2
2
1448
1
16748 Lake Forest Blvd
Detached
$445,000
3
1
1076
5
668 McVey Ave #33
Condo
$499,000
2
1
852
49
18631 Kristi Way
Detached
$525,000
4
1.5
1472
4
5978 Fernbrook Circle
Detached
$585,000
4
2.5
1612
4
16041 Waluga Dr
Detached
$679,000
4
2
1982
7
1620 Woodland Terrace
Detached
$690,000
4
3
2352
4
1931 Mapleleaf Ct
Detached
$699,900
4
2.5
2292
5
1033 Spruce St
Detached
$745,000
2
2.5
1638
12
209 Evergreen Rd
Attached
$755,000
3
3.5
2045
3
1710 Yarmouth Circle
Detached
$769,000
2
2
1540
2
100 D Ave
Attached
$798,000
2
2.5
1847
5
538 Livingood Ln
Detached
$875,000
4
2.5
2807
4
17167 Cedar Rd
Detached
$880,000
3
2
2673
3
1768 Glenmorrie Dr
Detached
$978,000
3
3
2904
2
524 Weidman Ct
Detached
$979,000
4
2.5
3450
8
19244 35th Pl
Detached
$1,095,000
5
3
3503
59
885 10th St
Detached
$1,150,000
4
2.5
2633
21
19201 Maree Ct
Detached
$1,300,000
5
2.5
4290
27
822 6th St
Detached
$1,444,900
4
3
2920
3
137 Furnace St
Condo
$1,479,000
3
2
1927
3
2065 Ridge Pointe Dr
Detached
$1,495,000
5
4
4790
19
17509 Ridgeview Ln
Detached
$1,599,900
4
33.5
3938
2
17660 Wayside Ln
Detached
$1,950,000
5
3.5
4784
5
18012 Eastridge Ln
Detached
$2,100,000
5
3.5
5875
10
Sold/Closed Sales April 12-18, 2021
Address
Type
List Price
Sold Price
Sq Ft
CDOM
4 Touchstone #112
Condo
$219,000
$217,000
1351
178
41 Greenridge Ct
Attached
$415,000
$415,000
1,652
9
1485 Hallinan St
Detached
$540,000
$528,000
1311
6
16227 Kimball St
Detached
$574,900
$575,800
1572
5
4832 Redwing Way
Detached
$599,900
$637,000
1472
3
692 2nd St
Detached
$759,900
$720,000
2140
17
17726 Overlook Ln
Detached
$725,000
$735,000
2697
2
14221 Dolph Ct
Detached
$755,000
$765,000
2081
5
17189 Carlson Ct
Detached
$735,000
$830,000
3007
5
1080 Upper Devon Ln
Detached
$974,900
$995,000
2335
4
17884 Kelok Rd
Detached
$1,229,000
$1,183,650
4,124
19
1961 Summit Dr
Detached
$1,200,000
$1,200,000
3137
0
4398 Lakeview Blvd
Detached
$2,100,000
$2,300,000
3260
115
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.
