Category: Market Activity

Real Estate Market Statistics for Lake Oswego, Oregon

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Market Activity ~ May 11-17, 2020

Last week in Lake Oswego, 23 New properties entered the market, 16 moved to Pending status, and 13 were “Closed”/Sold. We also have 219 homes for sale here, right now.

Following is the breakdown for you according to RMLS:

NEW on Mkt (May 11-17, 2020)

Address List Price # Beds # Baths Total SF Prop Type
59 OSWEGO SMT $244,900 2 2 1140 CONDO
4626 LOWER DR / Main $245,000 2 1.1 1260 CONDO
4646 LOWER DR / Grnd $275,000 2 2 1260 CONDO
16250 PACIFIC HWY #50 $339,500 2 2 1305 CONDO
4386 THUNDER VISTA LN $399,900 2 2.1 1980 CONDO
27 GREENRIDGE CT $420,000 3 2.1 2140 ATTACHD
12806 SW BOONES FERRY RD $425,000 3 2.1 1174 CONDO
5215 MADRONA ST $479,900 3 2 1325 DETACHD
22 MORNINGVIEW CIR $562,500 3 2.1 3438 DETACHD
2941 SW ORCHARD HILL PL $750,000 5 3.1 3446 DETACHD
4089 MELISSA DR $815,000 4 2.1 2762 DETACHD
553 2ND ST $890,000 2 2.1 1816 CONDO
1766 PALISADES TERRACE DR $930,000 4 2.1 2805 DETACHD
19125 35TH PL $1,175,000 4 4.1 5153 DETACHD
671 5TH ST $1,285,000 4 2.1 2781 DETACHD
16206 REESE RD $1,625,000 4 3.1 3631 DETACHD
3920 UPPER DR $1,690,000 4 3.1 3800 DETACHD
18099 GREEN BLUFF DR $1,695,000 4 3.1 5343 DETACHD
129 FURNACE ST / Upper $1,995,000 4 4.1 4911 CONDO
19491 Lorna LN $2,195,000 4 4.1 4343 DETACHD
19494 SW LORNA LN $2,499,000 5 3.1 4830 DETACHD
1633 LESLIE LN $2,725,000 5 4.2 5921 DETACHD
13490 FIELDING RD $3,398,000 5 6.1 8286 DETACHD

PENDING SALES (May 11-17, 2020)

Address List Price # Beds # Baths Total SF Prop Type CDOM
9 OSWEGO SMT $175,000 1 1 764 CONDO 181
47 OSWEGO SMT $249,900 2 2 1212 CONDO 28
4455 THUNDER VISTA LN $330,000 2 2.1 2002 CONDO 5
19 BLOCH TER $420,000 2 2 1527 ATTACHD 73
16675 BONAIRE AVE $439,000 3 1 1020 DETACHD 40
1042 YATES ST $469,900 3 1.1 1100 DETACHD 4
100 KINGSGATE RD $515,000 3 2.1 1960 DETACHD 5
16824 SW Inverurie RD $565,000 3 3 1945 DETACHD 1
3721 TEMPEST DR $600,000 4 2.1 2572 DETACHD 46
6438 Frost ST $625,000 4 2.1 2269 DETACHD 39
184 D AVE $647,000 3 2.1 1636 ATTACHD 37
2535 GLENMORRIE DR $899,900 4 4 3134 DETACHD 87
5680 LA MESA CT $975,000 5 3.1 3405 DETACHD 3
475 IRON MOUNTAIN BLVD $1,379,000 4 2.2 3254 DETACHD 2
16895 CHAPIN WAY $1,439,000 4 3.2 5182 DETACHD 304
12822 ALTO PARK RD $1,495,000 4 4.1 3426 DETACHD 91

SOLD (May 11-17, 2020)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
5053 FOOTHILLS DR #A $329,900 $299,000 3 2 1252 CONDO 78
18540 SW KRISTI WAY $424,900 $424,000 3 1.1 1277 DETACHD 26
16910 TRACY AVE $450,000 $450,000 3 2 1176 DETACHD 2
19230 SW REDWING CT $455,000 $474,000 4 2.1 1842 DETACHD 62
1001 HALLINAN ST $569,000 $508,000 4 2 2580 DETACHD 30
100 LEONARD ST $569,000 $530,000 3 2 1736 CONDO 188
5511 ROYAL OAKS DR $575,000 $603,189 3 2 1898 DETACHD 6
16212 SW KIMBALL ST $599,000 $616,000 4 2.1 1844 DETACHD 4
2103 RIDGEWOOD RD $664,900 $656,000 4 2 1650 DETACHD 83
18679 INDIAN CREEK DR $659,428 $659,428 4 2.1 2292 DETACHD 2
4092 COLTSFOOT LN $750,000 $721,500 4 3 2405 DETACHD 3
4799 LAMONT WAY $925,000 $925,000 3 2.1 3142 DETACHD 1
5745 Washington CT $1,149,000 $1,035,000 4 3.1 2841 DETACHD

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.

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Market Activity May 4-10, 2020

Market activity picked up in Lake Oswego last week. There were 15 new listings, 25 houses that went into pending status with accepted offers, and 14 closed sales. Buyers are making offers at really nice rate.

Following is the breakdown for you according to RMLS:

New on the Market (May 4-10, 2020)

Address Type Price BR Baths Sq Ft
4 Touchstone #71 Condo $199,000 2 2 984
4 Touchstone #146 Condo $244,900 2 2 979
65 Church St Condo $299,950 2 2 1040
1042 Yates St Detached $469,900 3 1.5 1100
16251 Reese Rd Detached $745,000 3 2.5 2555
5675 Victoria Ct Detached $800,000 3 2.5 2546
173 Furnace St Condo $819,000 2 2.5 2090
5820 Stewart Glen Ct Detached $849,000 5 2.5 3262
2944 Vale Ct Detached $984,000 4 2.5 3718
13592 Goodall Rd Detached $1,345,000 5 3.5 3735
15444 Boones Way Attached $1,380,000 3 2.5 3488
1471 Woodland Terr Detached $1,399,000 5 4.5 5724
792 5th St Detached $1,550,000 4 4.5 4379
13337 Leslie Ct Detached $2,250,000 4 4.5 4638
961 Terrace Dr Detached $3,095,000 5 4.5+.5 5542

Pending Sales (May 4-10, 2020)

Address Type Price BR Baths Sq Ft CDOM
8 Cervantes Circle Condo $209,900 2 1.5 912 17
86 Kingsgate Rd H104 Condo $224,900 2 2 840 59
5225 Jean Rd #208 Condo $255,000 2 2 1100 43
16200 Pacific Hwy #15 Condo $395,000 2 2 1190 56
5237 Dawn St Detached $479,000 3 1.5 1412 42
668 McVey Ave #72 Detached $495,000 3 2 1184 221
1010 Hallinan St Detached $479,900 3 1.5 1225 6
1 El Greco St Detached $499,900 4 2.5 2296 69
2091 Country Club Rd Detached $550,000 5 2 2112 109
100 Leonard St 3-4 Condo $569,000 3 2 1736 188
383 Ash St Detached $639,000 3 2.5 1825 1
905 York Rd Detached $649,000 3 2 1657 10
15773 Springbrook Ct Detached $649,900 3 2 1616 200
1639 Worthington St Detached $649,900 4 3 1920 16
8 Partridge Ln Detached $659,000 4 2.5 3583 5
1771 Campus Way Detached $668,000 3 3 3247 3
10 Buckingham Terr Detached $759,900 4 3 3763 19
14564 Kruse Oaks Blvd Detached $879,500 5 2.5 3001 5
4904 Lower Dr Detached $939,000 4 3 2803 3
4121 Childs Rd Detached $956,000 4 3.5 3396 76
1267 Maple St Detached $1,098,000 4 2.5 3388 56
16 Bernini Ct Detached $1,150,000 6 5 4786 53
4484 West Bay Rd Detached $1,250,000 5 2.5 4417 53
852 Northshore Rd Detached $1,898,000 4 5 4211 343
3015 Wembley Park Rd Detached $2,499,900 4 4.5 5211 249

Sold/Closed (May 4-10, 2020)

Address Type List Price Sold Price Sq Ft CDOM
668 McVey Ave #45 Condo $249,000 $225,000 852 208
5053 Foothills Dr D Condo $325,000 $305,000 1,252 124
1664 Bonniebrae Dr Condo $359,000 $359,000 1303 1
6313 Alyssa Terr Attached $389,000 $389,500 1546 1
5936 Dove Ct Detached $575,000 $564,850 1980 0
17835 Hillside Dr Detached $535,000 $575,000 2924 1
324 4th St Attached $625,000 $625,000 1731 3
1285 Oak Terr Detached $600,000 $635,000 1421 23
4036 Melissa Dr Detached $849,000 $855,000 3118 2
8 Dover Way Detached $1,299,000 $1,160,000 6093 130
17506 Hill Way Detached $1,125,000 $1,189,900 3163 300
1455 Timberline Dr Detached $1,200,000 $1,200,000 3554 1
1190 Fairway Rd Detached $2,599,000 $2,495,000 5855 90
16470 Phantom Bluff Ct Detached $2,699,900 $2,507,000 4975 303

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.

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Market Activity ~ Apr 27-May 3, 2020

Things are really holding very steady. Last week in Lake Oswego, 10 New properties entered the market, 18 moved to Pending status, and 10 were “Closed”/Sold. We also have 217 homes for sale here, right now.

Following is the breakdown for you according to RMLS:

NEW on Mkt (April 27-May 3, 2020)

Address List Price # Beds # Baths Total SF Prop Type
6073 HARRINGTON AVE $448,000 2 1 1050 DETACHD
16229 Lake Forest BLVD $549,900 4 3 2094 DETACHD
14183 TAYLORS CREST LN $796,000 4 2.1 3551 DETACHD
16495 GLENWOOD CT $1,195,000 5 3.1 4533 DETACHD
3125 ALBER SPRING CT $1,198,000 4 3.1 4308 DETACHD
1225 LAKE GARDEN CT $1,295,000 4 3.2 3558 DETACHD
16364 IVY LN $1,595,950 5 3.1 4862 DETACHD
16621 GRAEF CIR $1,700,000 2 3.1 2506 DETACHD
14005 GOODALL RD $1,800,000 4 3.1 4809 DETACHD
3358 LAKEVIEW BLVD $4,485,000 5 4 5133 DETACHD

PENDING SALES (April 27-May 3, 2020)

Address List Price # Beds # Baths Total SF Prop Type CDOM
3956 CARMAN DR $299,990 2 2.1 1107 CONDO 63
12888 BOONES FERRY RD $415,000 2 2.1 1182 CONDO 44
15 SUMMIT RIDGE CT $419,960 2 2.1 1750 ATTACHD 42
1485 GREENTREE CIR $565,000 4 3.1 2440 DETACHD 3
19026 ARROWWOOD AVE $572,000 3 2 1850 DETACHD 3
4900 INDIAN CREEK CT $599,900 4 3 2124 DETACHD 33
16885 SW Denney CT $600,000 3 2 1712 DETACHD 26
4007 BASS LN $699,000 4 3 2648 DETACHD 14
620 1ST ST $750,000 3 3.1 1916 ATTACHD 34
4208 ALBERT CIR $790,000 5 3 2777 DETACHD 11
2152 WEMBLEY PL $799,000 4 3 2854 DETACHD 2
960 BULLOCK ST $849,900 3 2 3062 DETACHD 11
3996 TEMPEST DR $849,900 4 2.2 3397 DETACHD 5
5015 DENTON DR $950,000 4 2.1 3131 DETACHD 32
1666 LAKE FRONT RD $1,375,000 4 3 3312 DETACHD 54
718 3RD ST $1,590,000 4 2 3759 DETACHD 1
1646 LESLIE LN $1,868,000 4 4.1 4879 DETACHD 28
18404 OLD RIVER LNDG $2,098,000 4 4 4295 DETACHD 17

SOLD (April 27-May 3, 2020)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
66 GALEN ST / Upper $179,900 $175,400 1 1 690 CONDO 39
15490 BRIANNE CT $329,900 $329,900 2 2.1 1250 ATTACHD 5
102 GREENRIDGE CT $424,000 $424,000 3 2.1 2004 ATTACHD 197
731 CLARA CT $629,000 $629,000 4 2.1 2700 DETACHD 1
4595 HASTINGS PL $703,000 $695,000 4 2.1 2178 DETACHD 3
700 PEBBLE BEACH CT $850,000 $870,000 4 2 2527 DETACHD 2
5331 W SUNSET DR $960,500 $925,000 3 3.1 3606 DETACHD 137
2397 HILLSIDE LN $925,000 $925,000 5 3 3158 DETACHD 0
17084 CANAL CIR $1,850,000 $1,685,000 5 3.1 5104 DETACHD 68
1350 Andrews RD $2,150,000 $1,800,000 3 3.1 3377 DETACHD 530

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.

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Market Activity April 20-26, 2020

I think that the market activity is about half of what is normal for this time of year. Pending sales appear to be holding fairly steady with about 10 properties accepting offers each of the last several weeks. Check out the days on the market for the pending properties. Of the 10 pending sales 8 sold in 25 days or less. Along with the 8 pending sales, last week Lake Oswego saw 6 properties come on the market and 8 sold/closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (April 20-26, 2020)

Address Type Price BR Baths Sq Ft
8 Cervantes Circle Condo $209,900 2 1.5 912
5364 Langford Ln Detached $869,000 4 2.5 3022
205 5th St Detached $895,000 4 3 2556
13275 Riverside Dr Detached $1,099,000 4 2-Jan 2756
16850 Cortez Ct Detached $1,299,900 4 4 3550
749 7th St Detached $1,385,000 4 3.5 4651

Pending Sales (April 20-26, 2020)

Address Type Price BR Baths Sq Ft CDOM
4268 Woodside Circle Attached $340,000 4 2 1944 351
5237 Dawn St Detached $494,800 3 1.5 1412 25
77 Kingsgate Rd Detached $529,900 3 2.5 1739 3
17835 Hillside Dr Detached $535,000 5 3 2924 1
17200 Robb PL Detached $610,000 3 2.5 2206 0
4188 Cobb Way Detached $649,900 4 3 2586 4
92 Garibaldi St Detached $769,000 4 3.5 3172 37
10 Othello St Detached $825,000 5 3 3600 25
5623 Bay Creek Dr Detached $845,000 5 2.5 3042 20
4500 West Rd Detached $899,000 3 2.5 2479 17

Sold/Closed (April 20-26, 2020)

Address Type List Price Sold Price Sq Ft CDOM
48 Cervantes Circle Condo $299,000 $260,000 1368 162
5054 Foothills Dr E Condo $355,000 $345,000 1,252 38
19415 Sycamore Ave Detached $450,000 $450,000 1584 12
16106 Lake Forest Blvd Detached $649,900 $505,000 3440 575
47 Da Vinci St Detached $599,000 $652,507 2467 6
18263 Anduin Terr Detached $749,000 $685,000 3103 133
3781 Tempest Dr Detached $899,900 $875,000 3927 21
13483 Fielding Rd Detached $949,999 $890,000 3149 62

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.

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News & Notes ~ March 2020 Numbers

Here is your look at the most recent data for the entire Portland area (March 2020) and how Lake Oswego fits in to this picture just below.

Inventory remains low and so basically, we have a housing shortage going on right now. Mortgage Rates are at 3.3% as of this writing. For the most part, Portland Real Estate is holding steady with prices improving and New Listings and Closed Sales, for instance up right around 25% from last month along with  Areas in & around Gresham, Oregon City, Milwaukie/Clackamas, & Hillsboro, are still the strongest as far as Appreciation goes.

According to the RMLS Market Action Report for the Portland Metro Area, March 2020:

  • There were 3,468  New Listings in March 2020 which decreased 1.0%  from March of 2019’s 3,504, and also increased significantly- up 25% from the previous month/February’s 2,759.
  • At 2,536, March 2020’s Closed Sales rose 7.9% over March 2019’s 2,183, but are up a whopping 24.2% from the previous month/February 2020’s total of 1,897.
  • At 2,347, March 2020’s Pending Sales are down 14.3% from March 2019’s 2,738, and also fell 9.7% from the previous month/February 2020’s total of 2,598.
  • The Average Sale Price in March 2020 of $465,500 is up $17,600 from last year/March 2019’s $447,900, and also up $7,600 from the previous month/February 2020’s $457,900.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in March 2020 of $425,000 rose from last year/March 2019’s $399,000 by $26,000, and is also up $18,000 from the previous month/February 2020’s $407,000.   

Neighborhoods: March’s Average Sale Price + 12-month Appreciation:

  • North Portland:  $441,300              1.3%   (Feb $407,900)
    •                                                     YTD Median: $405,000
  • NE Portland:  $470,500                   3.3%   (Feb $482,200)
    •                                                     YTD Median: $420,000
  • SE Portland:  $442,600                   1.1%   (Feb $424,700)
    •                                                     YTD Median: $380,000
  • Gresham/Troutdale:   $355,000     4.7%   (Feb $376,600)
    •                                                     YTD Median: $356,000
  • Milwaukie/Clackamas:  $466,100  4.9%   (Feb $443,700 )
    •                                                     YTD Median: $425,000
  • Oregon City/Canby:   $447,000      3.8%   (Feb $448,600)
    •                                                     YTD Median: $430,000
  • Lake Oswego/West Linn:$687,400  2.7%  (Feb $705,100)
    •                                                      YTD Median: $586,000
  • West Portland:    $580,400             -1.5%  (Feb $581,600 )
    •                                                     YTD Median: $512,000
  • NW Wash County:  $544,200          0.1%   (Feb $510,400)
    •                                                      YTD Median: $475,000
  • Beaverton/Aloha:     $445,100       3.0%   (Feb $412,800)
    •                                                     YTD Median: $410,000
  • Tigard/Wilsonville:   $487,200        1.7%   (Feb $485,600)
    •                                                      YTD Median: $460,000
  • Hillsboro/Forest Grove: $406,900  5.8%   (Feb $414,200)
    •                                                      YTD Median: $391,000

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of February 2020 reported:

    •  305 Active Listings (Feb 226)
    •  183 New Listings     (Feb 151)
    •   87 Pending Sales    (Feb 119)
    •  103 Closed Sales      (Feb  72)
    • Average Sale Price for February: $687,400  (Feb $705,100)
      • 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.
    •  106 Average Days on the Market   (Feb 86)

 

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Market Activity ~ April 13-19, 2020

Last week in Lake Oswego, 13 New properties entered the market, 8 moved to Pending status, and 14 were “Closed”/Sold. We also have 211 homes for sale here, right now.

Following is the breakdown for you according to RMLS:

NEW on Mkt (April 13-19, 2020)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY#3 $210,000 2 2 823 CONDO
47 OSWEGO SMT / Main $249,900 2 2 1212 CONDO
45 EAGLE CREST DR #401 $285,000 3 2 1348 CONDO
4340 BOTTICELLI ST $399,999 3 3.1 2285 CONDO
17200 ROBB PL $610,000 3 2.1 2206 DETACHD
4007 BASS LN $699,000 4 3 2648 DETACHD
19 MONTICELLO DR $729,988 6 3 3537 DETACHD
10 BUCKINGHAM TER $759,900 4 3 3763 DETACHD
4208 ALBERT CIR $790,000 5 3 2777 DETACHD
960 BULLOCK ST $849,900 3 2 3062 DETACHD
4405 SUNDEW CT $850,000 5 3.1 4535 DETACHD
800 TERRACE DR $1,559,000 5 4.1 5359 DETACHD
18008 GREENBLUFF DR $1,849,000 3 3.1 4402 DETACHD

PENDING SALES (April 13-19, 2020)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #94 $145,900 3 2.1 1351 CONDO 198
18357 HEATHER ANN CT $560,000 3 2 1832 DETACHD 1
16212 SW KIMBALL ST $599,000 4 2.1 1844 DETACHD 4
1448 CEDAR ST $615,000 4 3 2544 DETACHD 244
2103 RIDGEWOOD RD $660,000 4 2 1650 DETACHD 83
4092 COLTSFOOT LN $750,000 4 3 2405 DETACHD 3
5745 Washington CT $1,149,000 4 3.1 2841 DETACHD
1350 Andrews RD $2,150,000 3 3.1 3377 DETACHD 530

SOLD (April 13-19, 2020)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
6207 HARRINGTON AVE $389,000 $389,500 3 1 960 DETACHD 11
15003 TWIN FIR RD $492,000 $470,000 2 1 984 DETACHD 88
1611 LEE ST $589,900 $599,900 3 2.1 2539 DETACHD 58
3745 DIVISION CT $599,900 $615,000 3 2 1390 DETACHD 3
1640 WOODLAND TER $619,900 $627,500 4 3 2398 DETACHD 6
1 PREAKNESS CT $645,000 $635,000 4 3 2373 DETACHD 6
17200 CANAL CIR $665,000 $665,000 3 1.1 1774 DETACHD 6
1925 MAPLELEAF CT $750,000 $750,000 4 2.1 2096 DETACHD 0
22 DOVER WAY $900,000 $900,000 4 2.1 3335 DETACHD 0
533 WEIDMAN CT $992,500 $980,000 5 3.1 4092 DETACHD 122
1259 LAKE GARDEN CT $1,099,000 $997,750 4 3 2263 DETACHD 0
13845 AMBERWOOD CIR $1,089,000 $1,100,000 4 3 3283 DETACHD 3
17614 BLUE HERON RD $1,239,000 $1,239,000 4 3 3320 DETACHD 2
467 9TH ST $1,385,000 $1,285,000 3 2.1 2979 DETACHD 54

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.

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Market Activity April 6-12, 2020

Doing this market activity report is super interesting in today’s market. Each week I am so eager to see what the numbers are. What I feel is happening is that yes, we’ve had a contraction in the market, but that it is stable. For the last few weeks the numbers have been pretty consistent. I think we have about half of what I would call “normal” activity, but it’s steady. In Lake Oswego last week we had 14 properties come onto the market, 11 accepted offers that put properties into pending status, and 13 closed/sold sales. While it is less than normal for April, it’s balanced. The range is 11-14 for all three categories.

Following is the breakdown for you according to RMLS:

New on the Market (April 6-12, 2020)

Address Type Price BR Baths Sq Ft
4000 Carman Dr #31 Condo $249,900 2 2 993
16200 Pacific Hwy #24 Condo $389,900 2 2 1190
6151 Carman Dr Detached $589,750 3 2 1641
2 Abelard St Detached $650,000 3 3-Jan 3080
49 Tanglewood Dr Detached $695,000 4 2.5 2502
5625 Ridgetop Ct Detached $725,000 4 2.5 2711
5 Westminster Detached $749,900 7 3 3104
461 Country Club Rd Detached $750,000 2 1.5 1500
55 Aquinas Detached $774,900 5 3 3720
14 Independence Ave Detached $779,000 5 3 3120
125 Furnace St #125 Condo $799,000 2 2.5 1927
1500 Eastview Ct Detached $829,999 4 3,5 3872
828 7th St Detached $939,000 3 4 2418
937 Atwater Detached $3,680,000 5 4.5 5123

Pending Sales (April 6-12, 2020)

Address Type Price BR Baths Sq Ft CDOM
5053 Foothills Dr A Condo $309,000 3 2 1252 78
18540 Kristi Way Detached $424,900 3 1.5 1277 26
1731 Aspen Ct Detached $489,000 3 2 1440 6
1001 Hallinan St Detached $515,000 4 2 2580 30
121 Wilbur St A2 Condo $537,500 3 2 1631 21
5511 Royal Oaks Dr Detached $575,000 3 2 1898 6
18679 Indian Creek Dr Detached $659,428 4 2.5 2292 2
15569 Village Park Ct Detached $729,000 3 2.5 2850 4
700 Pebble Beach Ct Detached $850,000 4 2 2527 2
1259 Lake Garden Ct Detached $1,099,000 4 3 2263 0
467 9th St Detached $1,385,000 3 2.5 2979 54

Sold/Closed (April 6-12, 2020)

Address Type List Price Sold Price Sq Ft CDOM
13 Oswego Summit Condo $178,000 $178,000 764 16
40 Cervantes Circle Condo $210,000 $210,000 912 3
107 Oswego Summit Condo $214,900 $212,000 1116 158
45 Eagle Crest Dr #200 Condo $265,000 $265,000 1348 44
48 Eagle Crest Dr #1B Condo $295,000 $290,000 1623 172
2415 Glen Haven Rd Detached $584,950 $580,000 2614 8
28 Tanglewood Dr Detached $575,000 $585,000 2282 8
1610 Ash St Detached $575,000 $599,475 2181 3
19505 Olson Ave Detached $842,700 $842,700 3022 21
1560 Cherry Crest Dr Detached $909,000 $909,000 3334 3
4485 West Rd Detached $1,095,000 $1,095,000 3678 537
14536 Pfeifer Dr Detached $1,495,000 $1,500,000 3957 4
1164 Crestline Ct Detached $2,495,000 $2,409,000 6800 21

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.

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Market Activity ~ March 30-April 5, 2020

I thought I’d look at the same approx week last year and see what the stats looked like. Here is the summary:  “Last week 29 New properties entered the market, 16 moved to Pending status, and 15 were “Closed”/Sold. There are a total of 237 homes for sale in Lake Oswego right now.”

THIS year/Last week in Lake Oswego, 15 New properties entered the market, 7 moved to Pending status, and 11 were “Closed”/Sold. We also have 211 homes for sale here, right now.

What this tells me is that people were slowed-down on making Offers last week, but properties are still hitting the market, inventory is about the same albeit a little under last year, and the number of sales is pretty close to what it was a year ago. Basically… I get the feeling that people are rightly spooked about the health crisis, but are taking extreme precautions and at the same time not letting that stop them from carrying on with their dreams inasmuch as selling or buying is the vehicle to that dream.

Dianne and I are here for virtual consulting appointments if you’ve been thinking about exploring a life change adventure in Lake Oswego! Interest rates are looking really good, and there are lots of properties out there.

We’re all going to come out on the other side of this if we’re staying safe and moving carefully… step by step. We can help.

Following is the breakdown for you according to RMLS:

NEW on Mkt (March 30-April 5, 2020)

Address List Price # Beds # Baths Total SF Prop Type
16250 PACIFIC HWY #80 $239,000 1 1 841 CONDO
4324 BOTTICELLI ST $359,000 2 2.1 2260 CONDO
6050 FERNBROOK ST $434,900 4 2 1546 DETACHD
16675 BONAIRE AVE $450,000 3 1 1020 DETACHD
16885 SW Denney CT $625,000 3 2 1712 DETACHD
6438 Frost ST $625,000 4 2.1 2269 DETACHD
4262 COBB WAY $629,950 3 2 1618 DETACHD
184 D AVE $665,000 3 2.1 1636 ATTACHD
13841 VERTE CT $699,900 5 3 2341 DETACHD
10 OTHELLO ST $825,000 5 3 3600 DETACHD
5623 BAY CREEK DR $845,000 5 2.1 3042 DETACHD
5015 DENTON DR $950,000 3 2.1 3131 DETACHD
1103 C AVE $1,639,000 4 3.1 3530 DETACHD
1646 LESLIE LN $1,868,000 4 4.1 4879 DETACHD
931 ATWATER RD $2,695,000 4 4.1 5059 DETACHD

PENDING SALES (March 30-April 5, 2020)

Address List Price # Beds # Baths Total SF Prop Type CDOM
1664 BONNIEBRAE DR/Grnd $359,000 3 1.1 1303 CONDO 1
16910 TRACY AVE $450,000 3 2 1176 DETACHD 2
1285 Oak TER $600,000 3 2 1421 DETACHD 23
3721 TEMPEST DR $615,000 4 2.1 2572 DETACHD 4
4799 LAMONT WAY $925,000 3 2.1 3142 DETACHD 1
8 DOVER WAY $1,299,000 6 4.2 6093 DETACHD 130
17084 CANAL CIR $1,850,000 5 3.1 5104 DETACHD 68

SOLD (March 30-April 5, 2020)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
18660 DON LEE WAY $450,000 $440,000 3 1 966 DETACHD 0
5135 Tualata LN $525,000 $535,000 4 2 1534 DETACHD 4
17721 Arbor LN $589,900 $589,900 3 2 1521 DETACHD 2
15213 CANDLEWOOD CT $700,000 $685,000 4 2.1 2670 DETACHD 13
17896 KELOK RD $859,000 $792,500 6 6 4093 DETACHD 212
1317 LAUREL ST $899,900 $899,900 4 2.1 2259 DETACHD 6
4070 VIRGINIA WAY $915,000 $940,000 3 2.1 3501 DETACHD 2
17525 CHERRY CT $119,900 $1,080,000 5 3.1 4559 DETACHD 311
401 9TH ST $1,299,000 $1,299,000 4 3.1 4288 DETACHD 21
12812 GOODALL RD $1,895,000 $1,760,000 4 4.1 4808 DETACHD 283
2493 SOUTHSHORE BLVD $3,599,000 $2,947,000 5 5.1 7112 DETACHD 311

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.

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Market Activity March 23-29, 2020

Based upon the numbers from last week’s market activity, I think we are seeing a contraction in the market place. In Lake Oswego we had 11 properties come onto the market, 8 move into pending status, and 14 sold/closed sales. The silver lining is that of the 8 pending sales, 6 sold in less than a week. So buyers are out there and they are ready to make a move.

I also want to say that Linda and I have been in this business long enough, through 9/11 and the great recession, to know that real estate never stops. This is because people’s lives happen. Babies are born, folks get divorced or transferred, life does not stop. If you need to make a move, you can still do that. Linda and I will do everything in our power to make your move as smooth as possible. We are here to help.

Following is the breakdown for you according to RMLS:

New on the Market (March 23-29, 2020)

Address Type Price BR Baths Sq Ft
42 Cervantes Circle Condo $195,000 2 1.5 912
5225 Jean Rd #208 Condo $265,000 2 2 1100
16250 Pacific Hwy #59 Condo $359,900 2 2 1305
5237 Dawn St Detached $494,800 3 5-Jan 1412
4900 Indian Creek Ct Detached $624,900 4 3 2124
934 Ash St Detached $724,900 4 2.5 1982
620 1st St Attached $750,000 3 3.5 1916
14655 Uplands Dr Detached $899,000 3 2 2462
13005 Sierra Vista Dr Detached $899,900 4 2.5 3448
1658 Village Park Ln Detached $1,258,000 4 3.5+.5 4634
16793 Graef Circle Detached $2,695,000 4 3.5 4220

Pending Sales (March 23-29, 2020)

Address Type Price BR Baths Sq Ft CDOM
15490 Brianne Ct Attached $329,000 2 2.5 1250 5
6313 Alyssa Terr Attached $389,000 3 2.5 1546 1
731 Clara Ct Detached $629,000 4 2.5 2700 1
17200 Canal Circle Detached $665,000 3 1.5 1774 6
4036 Melissa Dr Detached $849,900 4 3.5 3118 2
17896 Kelok Rd Detached $859,000 6 6 4093 212
2025 Wembley Park Rd Detached $899,900 3 2.5 2700 204
324 4th St Attached $625,000 2 2.5 1731 3

Sold/Closed (March 23-29, 2020)

Address Type List Price Sold Price Sq Ft CDOM
86 Kingsgate Rd Condo $269,900 $249,000 938 25
3834 Botticelli St Condo $279,500 $273,000 1,055 239
750 1st ST B3 Condo $395,000 $395,000 1546 7
68 Greenridge Ct Attached $515,000 $414,000 2868 293
14442 Orchard Springs Rd Condo $539,000 $520,000 1400 62
308 4th St Attached $625,000 $625,000 1731 90
18 Northview Ct Attached $675,000 $640,000 2671 21
780 2nd St Detached $699,900 $696,600 1536 3
4771 Avery Ln Detached $725,000 $785,000 2536 5
5533 Kenny St Detached $799,000 $810,000 2900 5
5340 Greystoke Dr Detached $1,095,000 $1,043,750 2955 34
19175 Stafford Rd Lot 4 Detached $1,529,950 $1,500,000 4524 388
19175 East Side Rd Detached $1,400,000 $1,270,000 5276 657
707 Lake Shore Rd Detached $1,925,000 $1,725,000 2992 98

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.

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Real Estate in the Time of COVID

Dear Property Blotter Readers,

Dianne and I are thinking of you during this challenging moment & wishing health and peace to you and yours. I hope this is a time of staying at home with your loved ones & enjoying some things you usually don’t get to enjoy.

I’m told by my trusted Mortgage Advisors that mortgage interest rates are supposed to dip to 3-ish again shortly as that zero interest rate flushes out the crush that happened a few weeks ago when they went down that low (the saturation pushed them back up to 4-ish for a time). Sales are actually moving along really well in Lake Oswego and the overall Portland area right now (see Market Report). Prices are lowering in some cases and being pushed up in others with multiple offers. In other words- the usual, and right now we have 182 Active Properties for sale in Lake Oswego, with 87 currently Pending and 22 Sold/Closed last week. 22 of those Active Properties went on the market just last week.

The other day RMLS removed the Open House section from the site. Some Agents will still choose to have them and be very careful, but most are not doing so out of an appropriate abundance of caution, for now. Everyone is being extremely careful with sanitizing everything and following Seller guidelines for private in-person showings. Buyers are demonstrating a bit more discernment up front & are seeing only properties they’ve decided are on their “serious” list, which cuts down on any potential exposure for everyone as we all do our part. Typically hand-sanitizer is out, booties are used for shoes, Buyers are advised not to touch anything (for them and for the Seller) and Agents will generally wipe the lockbox, door handles, switches etc. Buyers are encouraged to bring their own wipes & sanitizer with them and to wear gloves and/or masks as warranted either by Seller instruction or their own sensibilities. Some Sellers will want their own Agent at showings to observe that nothing is touched in the home so that their Seller can return home with their mind at ease, and/but either way, Agents are doing their utmost to ensure safe protocols are followed.

As for promoting Listings, there are, of course, cool tools that can and are being promoted more liberally like Virtual Open Houses, Video Walk-Through’s and other things. Ask me if you’re interested in learning more about that.

In general, we all are in this together, and the camaraderie at-a-distance and diligence in every sector of the real estate community is truly impressive ~ People helping people fulfill their life-goals and stay safe & healthy in the process.

Please take care and do get in touch with me or with Dianne if you have a life-goal you don’t really want to put off ; ) We can make it happen, efficiently and safely.

Be Well~
Linda