Category: Market Activity

Real Estate Market Statistics for Lake Oswego, Oregon

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News & Notes ~ Nov 2018 Numbers

The holidays are all around us now!

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

 

According to the RMLS Market Action Report for the Portland Metro Area, November, 2018:

  • There were 2,310 New Listings in November 2018 which was down 4.4% from November of 2017’s 2,416, and also down 25.5% from the previous month/Oct of 2018’s total of 3,100 .
  • At 2,144, November Closed Sales cooled  10.2% from November 2017’s 2,387, and also 12.1 % from the previous month/Oct 2018’s total of 2,440.
  • November’s Pending Sales (accepted offers), at 1,904 are down 19.7% down from November of 2017’s 2,371, and 23.3% from the previous month/Oct 2018’s total of  2,484.
  • The Average Sale Price in November of $448,900 was up $23,900 from last year/November 2017’s $425,000, and down a little from the previous month/Oct 2018’s $454,400 by $5,500.   

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

  • North Portland:  $412,500              4.6%   (Oct 428,700)
  • NE Portland:  $453,100                   3.7%   (Oct 463,100)
  • SE Portland:  $425,200                   5.3%   (Oct 395,200)
  • Gresham/Troutdale:   $361,600     8.1%   (Oct 359,700)
  • Milwaukie/Clackamas:  $443,400  5.1%   (Oct 410,200)
  • Oregon City/Canby:   $427,200      6.9%   (Oct 408,600 )
  • Lake Oswego/West Linn:$728,500 1.4%   (Oct 714,500)
  • West Portland:    $601,000             4.3%   (Oct 646,200)
  • NW Wash County:  $511,700          2.9%   (Oct 588,300)
  • Beaverton/Aloha:     $397,200       8.0%   (Oct 398,000 )
  • Tigard/Wilsonville:   $482,000       6.6%   (Oct 454,400 )
  • Hillsboro/Forest Grove: $381,300  6.3%   (Oct 400,500 )

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of November 2018 reported:

    •  390 Active Listings   (Oct 454 )
    •  115 New Listings     (Oct 153)
    •   91 Pending Sales  (Oct 101)
    •   75 Closed Sales      (Oct 121)
    • Average Sale Price for November: $728,500  (Oct 714,500)
      • 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.
    •  76 Average Days on the Market   (Oct 61)
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Market Activity ~ Dec 10-16, 2018

Greetings Property Blotter Readers!

 

Even with the holidays all around us at this point, homes are still being listed and sold. Look at the “Solds” from last week!  Yes, its time to get things done before the end of the year for a variety of reasons. That first holiday in your new home is always a special one : )

There are 207 homes for sale in Lake Oswego right now. Last week 6 New properties entered the market, 16 moved to Pending status, and 17 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Dec 10-16, 2018)

Address List Price # Beds # Baths Total SF Prop Type
121 OSWEGO SMT $195,000 1 1 764 CONDO
17510 Hill WAY $400,000 2 1 2032 DETACHD
7210 SW CHILDS RD $424,900 3 2 1542 DETACHD
16224 LAKE FOREST BLVD $429,900 3 1.1 1300 DETACHD
5079 W SUNSET DR $529,900 2 2.1 1734 ATTACHD
2917 WESTVIEW CIR $1,298,000 5 4.1 4343 DETACHD

PENDING SALES (Dec 10-16, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
44 EAGLE CREST DR #2 $175,000 1 1 798 CONDO 10
/ Main $195,000 2 1.1 1216 CONDO 173
1172 BOCA RATAN DR $375,000 3 2 1611 ATTACHD 2
6291 HARRINGTON AVE $399,999 3 2 1472 DETACHD 119
4298 WOODSIDE CIR $439,000 3 3 2600 ATTACHD 306
15008 TWIN FIR RD $469,900 7 2.4 3532 DETACHD 176
1698 ASPEN ST $499,000 3 3 2668 DETACHD 132
1878 SOUTHSHORE BLVD $527,500 4 2.1 2594 DETACHD 180
10 PARTRIDGE LN $585,000 4 3 3528 DETACHD 119
5272 TREE ST $589,000 3 3 1948 DETACHD 52
5536 BAY CREEK DR $619,000 4 2.1 2380 DETACHD 7
17079 CHERRY CREST AVE $679,000 3 2.1 3002 DETACHD 23
17606 WOODHURST PL $799,900 5 3.1 4707 DETACHD 230
455 9TH ST $949,000 3 2.1 2143 DETACHD 0
3120 UPPER DR $2,350,000 5 3.1 4575 DETACHD 7
616 CABANA LN $2,798,000 5 4 3838 DETACHD 230

SOLD (Dec 10-16, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
57 GREENRIDGE CT $312,400 $279,036 2 2 1320 TOWNHSE 9
155 GREENWOOD RD $445,000 $445,000 3 1 999 DETACHD 86
4725 LAKEVIEW BLVD $465,000 $455,000 3 2 1589 DETACHD 6
1225 OAK TER $475,000 $475,000 3 1 1580 DETACHD 0
110 KINGSGATE RD $494,900 $485,000 3 2.1 1669 DETACHD 79
1981 MAPLELEAF RD $499,900 $520,000 4 2 2015 DETACHD 2
6187 FROST LN $564,900 $548,500 4 2.1 2149 DETACHD 90
18238 TAMAWAY DR $729,900 $577,500 5 3 5504 DETACHD 58
3742 RIVERS EDGE DR $679,000 $669,500 4 2.1 2765 DETACHD 8
17401 UPPER CHERRY LN $750,000 $690,000 4 3.1 3791 DETACHD 87
3562 UPPER DR $769,000 $760,000 3 3.1 2701 DETACHD 6
1041 CHANDLER RD $899,000 $830,000 3 2 1782 DETACHD 62
1055 COUNTRY CLUB RD $988,000 $875,000 3 2 2908 DETACHD 151
5027 ROSEWOOD ST $874,950 $883,000 4 3.1 3188 DETACHD 166
3773 UPPER DR $1,579,000 $1,490,000 4 2.1 3942 DETACHD 30
3115 DOUGLAS CIR $1,650,000 $1,567,500 5 4.2 4592 DETACHD 93
16913 CANAL CIR $1,595,000 $1,575,000 5 3.2 4359 DETACHD 60

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 Dec 3-9, 2018

We are two weeks away from Christmas. People who buy or sell at this time of year are motivated! Last week in Lake Oswego we had 9 new listings come onto the market, 13 properties that went pending with an accepted offer, and 9 closed/sold homes.

Following is the breakdown for you according to RMLS:

New on the Market (Dec 3-9, 2018)

Address Type Price BR Baths Sq Ft
16250 Pacific Hwy #52 Condo $215,000 1 1 841
1172 Boca Ratan Dr Attached $375,000 3 2 1611
5651 Windfield Loop Detached $569,500 2 2 1622
23 Spinosa Detached $595,000 3 2 2767
5536 Bay Creek Dr Detached $619,000 4 2.5 2380
1035 Bayberry Rd Detached $1,399,900 4 2.5 2746
612 Cabana Ln Detached $2,350,000 4 4 3862
3120 Upper Dr Detached $2,350,000 5 3.5 4587
3258 Lakeview Blvd Detached $3,250,000 4 4.5 4337

Pending Sales (Dec 3-9, 2018)

Address Type Price BR Baths Sq Ft CDOM
86 Kingsgate Rd A104 Condo $208,000 2 2 849 54
4043 Jefferson Pkwy Condo $254,500 2 2.5 1182 85
12886 Boones Ferry Rd Condo $379,900 2 2.5 1182 13
16880 Cortez Ct Detached $459,900 3 2.5 2313 216
2182 Glenmorrie Dr Detached $485,000 4 2 1580 8
17040 Fernwood Dr Detached $499,000 3 2 2399 211
15580 Partridge Dr Detached $539,900 4 2.5 2245 10
5153 Jean Rd Detached $547,000 8 3 2400 204
2051 Wembley Park Rd Detached $549,900 2 2 1196 132
6414 Frost St Detached $585,000 3 2.5 2205 54
1961 Park Forest Ave Detached $699,900 5 2 2092 5
2815 Orchard Hill Pl Detached $749,900 4 3 2915 4
4743 Upper Dr Detached $1,069,000 4 2.5 3079 338

Sold/Closed (Dec 3-9, 2018)

Address Type List Price Sold Price Sq Ft CDOM
92 Galen St Condo $189,000 $169,000 689 92
9 Summit Ridge Ct Townhouse $399,000 $380,000 1576 48
1207 Hallinan Circle Detached $489,500 $491,000 1478 6
18028 Gimly Ct Detached $774,900 $698,500 3454 130
17454 Canal Circle Detached $849,000 $764,000 2472 149
639 Carrera Ln Detached $1,275,000 $1,075,000 4381 14
4100 Canal Rd Detached $1,415,000 $1,125,000 4957 182
17512 Lake Haven Dr Detached $1,650,000 $1,350,000 4643 139
943 Lake Front Rd Detached $1,798,000 $1,600,000 2246 175

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 ~ Nov 26-Dec 2, 2018

Greetings Property Blotter Readers!

There are 233 homes for sale in Lake Oswego right now. Last week 7 New properties entered the market, 12 moved to Pending status, and 9 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Nov 26-Dec 2, 2018)

Address List Price # Beds # Baths Total SF Prop Type
44 EAGLE CREST DR #2 $175,000 1 1 798 CONDO
2182 GLENMORRIE DR $485,000 4 2 1580 DETACHD
4546 DOGWOOD DR $500,000 2 1 1010 DETACHD
4 GERSHWIN CT $739,000 4 4 3016 DETACHD
2050 WEMBLEY PARK RD $799,999 4 2 1868 DETACHD
3130 DOUGLAS CIR $1,595,000 4 3.1 4063 DETACHD
15880 OSWEGO SHORE CT $1,797,000 5 3.1 4084 DETACHD

PENDING SALES (Nov 26-Dec 2, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
15210 BOONES WAY / Upper $249,900 2 2 1124 CONDO 176
9 BLOCH TER $424,900 3 2.1 1946 TOWNHSE 7
1425 CEDAR ST $489,900 4 2 1669 DETACHD 52
18 GROUSE TER $540,000 4 2.1 2631 DETACHD 93
137 KINGSGATE RD $549,000 3 2.1 2372 DETACHD 16
1508 PINE ST $579,900 4 3 2300 DETACHD 134
18420 DEER OAK AVE $649,000 4 3 2327 DETACHD 59
3742 RIVERS EDGE DR $679,000 4 2.1 2765 DETACHD 8
161 FURNACE ST / Main $929,000 2 2 2134 CONDO 82
1099 TERRACE DR $1,499,000 5 4.1 4965 DETACHD 725
1175 WESTWARD HO RD $1,529,000 3 3.1 3547 DETACHD 135
3773 UPPER DR $1,529,900 4 2.1 3942 DETACHD 30

SOLD (Nov 26-Dec 2, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #19 $169,900 $158,900 1 1 617 CONDO 42
5711 MCEWAN RD $384,900 $350,000 3 1 1467 DETACHD 20
6182 SW DAWN ST $469,000 $450,000 3 1.1 1300 DETACHD 24
5695 WASHINGTON CT $575,000 $550,000 4 2 1708 DETACHD 19
19166 OLSON AVE $625,000 $652,500 5 3 2996 DETACHD 3
3100 WESTVIEW CT $1,100,000 $880,000 4 3.1 3725 DETACHD 295
16736 SYLVAN CT $999,900 $1,000,000 3 3 3914 DETACHD 6
2505 GLEN EAGLES RD $1,575,000 $1,575,000 5 5.1 4798 DETACHD 2
612 RIDGEWAY RD $2,598,000 $2,500,000 4 4.1 4106 DETACHD 397

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 Nov 19-25, 2018

In Lake Oswego last week we had 19 properties go into pending status. That is healthy and strong. Please remember that last week was Thanksgiving. Buyers are out there and they are making offers. Also in Lake Oswego last week we had 10 new listings and 7 closed/sold sales.
Following is the breakdown for you according to RMLS:

New on the Market (Nov 19-25, 2018)

Address Type Price BR Baths Sq Ft
233 Cervantes Condo $214,900 2 1.5 1216
12886 Boones Ferry Rd Condo $379,900 2 2.5 1182
16200 Pacific Hwy #6 Condo $410,000 2 2 1190
9 Bloch Terrace Townhouse $424,900 3 2.5 1946
17350 Ashley Ct Detached $499,000 3 2.5 2290
3742 Rivers Edge Dr Detached $679,000 4 2.5 2765
13488 Snowberry Ct Detached $770,000 4 2.5 2964
4715 Firwood Rd Detached $1,199,000 4 3 3342
4721 Firwood Rd Detached $1,250,000 4 2.5 3305
1128 Englewood Dr Detached $1,999,888 6 5.5 8981

Pending Sales (Nov 19-25, 2018)

Address Type Price BR Baths Sq Ft CDOM
86 Kingsgate Rd G202 Condo $169,900 2 2 849 91
104 Oswego Summit Condo $179,000 1 1 764 106
45 Eagle Crest Dr #305 Condo $187,000 2 1.5 1364 40
45 Eagle Crest Dr #413 Condo $189,900 2 1.5 1056 95
6880 Montauk Circle Condo $206,000 2 1 924 65
112 Touchstone Terrace Townhouse $374,000 3 2.5 1952 37
15230 Boones Way 1D Condo $249,900 2 2 1185 111
6472 Dawn St Detached $409,950 3 2 1032 99
18133 Tualata Ave Detached $434,950 4 2 1440 34
4596 Lamont Way Detached $524,900 4 2 2236 12
6187 Frost Ln Detached $549,900 4 2.5 2149 90
19166 Olson Ave Detached $625,000 5 3 2996 3
5687 La Mesa Ct Detached $649,900 4 3 2518 21
17965 Lake Haven Dr Detached $650,000 4 3.5 2764 173
2981 Vale Ct Detached $724,900 4 2.5 3516 85
1451 Greentree Circle Detached $975,000 4 3.5 2300 6
16193 Matthew Ct Detached $995,000 4 3.5+.5 4019 41
53 Eagle Crest Dr Detached $1,000,000 5 4.5+.5 4918 216
16913 Canal Circle Detached $1,595,000 5 3.5+.5 4359 60

Sold/Closed (Nov 19-25, 2018)

Address Type List Price Sold Price Sq Ft CDOM
3942 Carman Dr Condo $349,900 $346,000 1354 69
5885 Dove Ct Detached $559,000 $528,000 1800 117
146 Church St Detached $699,000 $694,000 1924 4
1830 Cloverleaf Rd Detached $719,000 $700,000 1857 78
5670 Charles Circle Detached $859,000 $795,000 2968 102
16021 Parelius Circle Detached $919,000 $910,000 4075 6
17626 Kelok Rd Detached $1,324,000 $1,250,000 3909 598

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 ~ Nov 12-18, 2018

Greetings Property Blotter Readers!

There are 257 homes for sale in Lake Oswego right now. People sell and buy homes all year long for a variety of reasons. Fall and winter are no exception. Last week 12 New properties entered the market, 22 moved to Pending status, and 10 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Nov 12-18, 2018)

Address List Price # Beds # Baths Total SF Prop Type
48 EAGLE CREST DR 5C $279,000 2 0.2 1443 CONDO
4308 BOTTICELLI ST $409,000 3 3.1 2098 TOWNHSE
16061 WALUGA DR $500,000 1 1 676 DETACHD
19220 RED WING CT $504,900 3 2 1647 DETACHD
4596 LAMONT WAY $524,900 4 2 2236 DETACHD
137 KINGSGATE RD $549,000 3 2.1 2372 DETACHD
3857 BASS LN $650,000 3 2.1 2608 DETACHD
17079 CHERRY CREST AVE $679,000 3 2.1 3002 DETACHD
13947 MAJESTIC CT $815,000 3 3.1 2822 DETACHD
55 NORTHSHORE RD #1 $879,000 3 2 2750 CONDO
1451 GREENTREE CIR $975,000 4 3.1 2300 DETACHD
3127 DOUGLAS CIR $1,579,000 5 3.1 3870 DETACHD

PENDING SALES (Nov 12-18, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #131 $199,900 3 2.1 1351 CONDO 29
15938 QUARRY RD B-4 $215,000 2 1 991 CONDO 120
5835 CARMAN DR $399,900 3 2.1 1650 DETACHD 215
6182 SW DAWN ST $454,000 3 1.1 1300 DETACHD 24
1981 MAPLELEAF RD $499,900 4 2 2015 DETACHD 2
73 CONDOLEA WAY/Grnd $512,000 3 3 2131 CONDO 0
17802 HILLSIDE WAY $539,900 4 2.1 3026 DETACHD 177
17411 TREE TOP LN $548,000 4 3 3382 DETACHD 123
2051 WEMBLEY PARK RD $549,900 2 2 1196 DETACHD 116
939 DEVON LN $579,900 3 2 2165 DETACHD 44
5668 VICTORIA CT $719,000 4 2.1 3024 DETACHD 73
808 ELLIS AVE $725,000 3 2.1 2200 DETACHD 8
3562 UPPER DR $749,500 3 3.1 2701 DETACHD 6
5326 WESTFIELD CT $775,000 4 3.1 3259 DETACHD 40
5027 ROSEWOOD ST $874,950 4 3.1 3188 DETACHD 166
1149 CHERRY LN $937,500 3 2.2 3187 DETACHD 29
18140 PIONEER CT $995,000 4 3 2524 DETACHD 102
13575 MEADOWCREEK LN $1,199,500 4 2.1 3370 DETACHD 174
3115 DOUGLAS CIR $1,650,000 5 4.2 4592 DETACHD 93
1956 HIGHLANDS LOOP $1,849,000 5 4.1 4641 DETACHD 736
1075 CHANDLER RD $2,207,500 5 4.1 5710 DETACHD 140
4890 INDIAN CREEK CT AUCTION 4 2 2064 DETACHD 144

SOLD (Nov 12-18, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
7 SUMMIT RIDGE CT $445,000 $425,000 2 2.1 1704 ATTACHD 65
532 2ND ST $495,000 $497,000 2 2.1 1392 CONDO 6
5105 ROSEWOOD ST $549,900 $520,000 4 2 1848 DETACHD 80
4 ESSEX CT $629,000 $580,000 4 2.1 2835 DETACHD 80
5835 Ridgetop CT $625,000 $608,000 4 2.1 2375 DETACHD 197
5555 FIELDSTONE CT $785,000 $699,900 4 2.1 2712 DETACHD 84
162 BERWICK RD $850,000 $750,000 2 2 2025 DETACHD 52
4057 PFEIFER CT $949,000 $869,000 4 3.1 4265 DETACHD 60
17555 REDFERN AVE $995,000 $995,000 4 3.1 3055 DETACHD 4
17388 CEDAR RD $2,698,000 $2,632,500 4 3.1 4635 DETACHD 157

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 Nov 5-11, 2018

It’s starting to feel like the Holidays. Last week in Lake Oswego we had 11 new listings, 15 pending sales, and 7 closed/sold properties. Notice that the pending sales are still a pretty healthy number. That is because at this time of year buyers want to make an offer now to be in their new home by Christmas. This, combined with low new inventory, actually makes this a pretty good time to have your house on the market.

Following is the breakdown for you according to RMLS:

New on the Market (Nov 5-11, 2018)

Address Type Price BR Baths Sq Ft
46 Cervantes Circle Condo $225,000 2 1.5 912
3964 Carman Dr Condo $339,900 2 2.5 1098
5062 Foothills Dr C7 Condo $339,900 2 2 1252
5057 Sunset Dr Attached $539,500 2 2.5 1720
4582 Trillium Woods Attached $600,000 3 2.5 1927
22 Morningview Circle Detached $635,000 3 2.5 3135
808 Ellis Ave Detached $725,000 3 2.5 2200
1820 Southshore Blvd Detached $725,000 3 3 2403
3562 Upper Dr Detached $749,500 3 3.5 2701
5736 Southwood Dr Detached $790,000 4 2.5 3000
6048 Lakeview Blvd Detached $849,000 4 2.5 2640

Pending Sales (Nov 5-11, 2018)

Address Type Price BR Baths Sq Ft CDOM
92 Galen St Condo $169,000 1 1 689 92
85 Oswego Summit Condo $219,000 2 2 1212 99
4417 Thunder Vista Ln Condo $295,000 2 2.5 2002 80
3942 Carman Dr Condo $349,900 3 2.5 1354 69
4725 Lakeview Blvd Detached $465,000 3 2 1589 6
1207 Hallinan Circle Detached $489,500 2 2 1478 6
110 Kingsgate Rd Detached $494,900 3 2.5 1669 79
4141 Chapman Way Detached $565,000 4 2.5 2138 4
5687 La Mesa Ct Detached $649,900 4 3 2518 5
767 10th St Detached $724,500 4 2 2820 99
17454 Canal Circle Detached $775,000 3 2.5 2472 149
13459 Provincial Hill Way Detached $819,900 3 2.5 2896 63
1041 Chandler Rd Detached $845,000 3 2 1782 62
2060 Indian Trail Detached $1,160,000 3 2.5 2387 30
220 Chandler Place Detached $1,250,000 3 2.5 2621 1

Sold/Closed (Nov 5-11, 2018)

Address Type List Price Sold Price Sq Ft CDOM
9 Juarez St Detached $479,900 $409,500 2570 98
1651 Woodland Terrace Detached $475,000 $425,000 2737 84
5432 Kenny St Detached $444,900 $430,000 1352 6
6123 Frost Ln Detached $650,000 $645,000 2338 24
5 Juarez St Detached $749,000 $697,000 4393 38
17407 Redfern Ave Detached $1,599,950 $1,325,000 5206 166
3150 Upper Dr Detached $2,250,000 $2,250,000 4278 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.

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Market Activity ~ Oct 29-Nov 4, 2018

Greetings Property Blotter Readers!

There are 280 homes for sale in Lake Oswego right now. Last week 4 New properties entered the market, 6 moved to Pending status, and 12 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Oct 29-Nov 4, 2018)

Address List Price # Beds # Baths Total SF Prop Type
3433 MCNARY PKWY #305 $220,000 2 2.1 1208 CONDO
209 RIDGEWAY RD $1,050,000 4 3.1 2862 DETACHD
3773 UPPER DR $1,579,000 4 2.1 3942 DETACHD
675 Iron Mountain BLVD $2,150,000 3 3.1 3377 DETACHD

PENDING SALES (Oct 29-Nov 4, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
6925 SW MONTAUK CIR / Grnd $207,000 2 1 927 CONDO 49
57 GREENRIDGE CT $312,400 2 2 1320 TOWNHSE 9
38 BRIARWOOD RD $700,000 7 2.2 2554 DETACHD 56
17401 UPPER CHERRY LN $720,000 4 3.1 3791 DETACHD 87
4100 CANAL RD $1,299,900 4 3.1 4957 DETACHD 182
943 LAKE FRONT RD $1,798,000 3 2 2246 DETACHD 175

SOLD (Oct 29-Nov 4, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
4 Touchstone STn #155 $219,900 $205,000 3 2.1 1351 CONDO 28
3954 CARMAN DR $340,000 $289,999 2 2.1 1132 CONDO 96
4674 REMBRANDT LN $429,000 $429,000 3 2.1 1561 DETACHD 44
5305 KENNY ST $425,000 $432,500 3 1 1170 DETACHD 16
1039 SPRUCE ST $549,900 $472,259 3 1.1 1486 DETACHD 97
16287 BONAIRE AVE $495,000 $495,000 2 1 1430 DETACHD 34
17721 ARBOR LN $524,700 $495,000 3 2 1479 DETACHD 41
1280 HALLINAN ST $549,000 $515,000 3 2 1500 DETACHD 50
2814 OVERLOOK DR $595,000 $532,414 4 2.1 3348 DETACHD 55
844 5TH ST $1,175,000 $1,175,000 4 3 2590 DETACHD 3
13659 WESTLAKE DR $1,350,000 $1,260,000 4 3.1 4274 DETACHD 20
18137 MEADOWLARK LN $1,399,000 $1,267,000 4 4.1 5306 DETACHD 389

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 Oct 22-18, 2018

Last week’s market activity in Lake Oswego had just 4 new properties come on the market. That is pretty typical as the holidays start to approach, but just 4 is fewer than I would have expected. We had 15 properties go into pending status and 20 closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (Oct 22-28, 2018)

Address Type Price BR Baths Sq Ft
4 Touchstone #125 Condo $214,900 2 2 984
57 Greenridge Ct Townhouse $312,400 3 3 1320
32 Wilbur St Townhouse $879,000 2 2.5 2671
13845 Amberwood Circle Detached $1,185,000 5 3 3277

Pending Sales (Oct 22-28, 2018)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Parkway #19 Condo $158,900 1 1 617 42
3942 Carman Dr Condo $359,000 3 2.5 1354 58
1425 Cedar St Detached $489,900 4 2 1669 20
17040 Fernwood Dr Detached $499,000 3 2 2399 169
5015 Rosewood St Detached $529,900 4 2 1848 80
5695 Washington Ct Detached $575,000 4 2 1708 19
4 Essex Ct Detached $589,000 4 2.5 2835 80
18028 Gimley Ct Detached $698,500 4 2.5 3454 130
1830 Cloverleaf Rd Detached $699,900 3 2.5 1857 78
2972 Vale Ct Detached $750,000 4 2.5+.5 3120 122
5772 Bay Creek Dr Detached $789,000 5 3 3242 159
17555 Redfern Ave Detached $995,000 4 3.5 3055 4
639 Carrera Ln Detached $1,275,000 5 3.5 4381 14
17512 Lake Haven Dr Detached $1,400,000 4 3.5 4643 139
2505 Glen Eagles Rd Detached $1,575,000 5 5.5 4798 2

Sold/Closed (Oct 22-28, 2018)

Address Type List Price Sold Price Sq Ft CDOM
47 Eagle Crest Dr #52 Condo $149,900 $129,900 665 89
16250 Pacific Hwy #64 Condo $249,000 $250,000 1305 4
3962 Bass Ln Detached $659,000 $327,750 2237 371
1418 Boca Ratan Dr Townhouse $375,000 $375,000 1611 25
19071 Longfellow Ave Detached $465,000 $455,000 1152 95
1196 Oxford Dr Detached $489,000 $467,500 2704 13
16800 Lakeridge Dr Detached $524,900 $481,970 2160 65
14311 Sherbrook Pl Detached $498,000 $490,000 1,702 9
775 Boca Ratan Dr Detached $599,000 $505,000 2710 113
36 Westridge Dr Detached $639,900 $580,000 2803 59
12 Juarez St Detached $749,000 $640,000 3735 132
13470 Peters Rd Attached $669,900 $655,000 2324 62
10 Morningview Ln Detached $690,000 $690,000 3848 172
4896 Hastings Dr Detached $799,900 $800,000 2785 2
5099 Lakeview Blvd Detached $849,000 $825,000 2747 84
13391 Streamside Ct Detached $985,000 $985,000 3601 18
17600 Upper Cherry Ln Detached $1,168,000 $1,055,000 3900 100
2990 Glen Eagles Rd Detached $1,190,000 $1,100,000 3787 153
624 Atwater Rd Detached $1,250,000 $1,275,000 4463 4
2090 Crest Dr Detached $1,695,000 $1,595,000 3258 59

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 ~ Sept 2018 Data

Inventory is higher & prices have evened out a bit. Sounds like a good time to buy!  Its said that when the inventory gets to around 4.0 months, it becomes a balanced market. We’re not *quite* there, yet, but it is a leveling-out market now for sure, and fall is always a great time to buy anyway ; )

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

  • According to the RMLS Market Action Report for the Portland Metro Area, September, 2018:
    • There were 3,606 New Listings in September 2018 which was down slightly at  1.0% from September of 2017’s 3,644, and also down 14.4% from the previous month/August of 2018’s total of 4,214 .
    • At 2,272, September Closed Sales fell  14.6% from September 2017’s 2,660, and is also down 23.4 % from the previous month/August 2018’s total of 2,967.
    • September’s Pending Sales (accepted offers), at 2,471 were cooler at 9.5% down from Sept of 2017’s 2,730, and 10.5% down as well from the previous month/August 2018’s total of  2,760.
    • The Average Sale Price in September of $447,800 was up $21,100 from September 2017’s $426,700, and down from the previous month/August 2018’s $462,400 by $14,600.   

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

  • North Portland:  $416,300              5.7%   (Aug 403,000)
  • NE Portland:  $433,700                   3.8%   (Aug 468,800)
  • SE Portland:  $420,200                   6.9%   (Aug 427,500)
  • Gresham/Troutdale:   $352,200     9.5%   (Aug 360,000)
  • Milwaukie/Clackamas:  $437,400  5.0%   (Aug 444,000)
  • Oregon City/Canby:   $404,300      6.5%   (Aug 436,000)
  • Lake Oswego/West Linn:$627,000 3.4%   (Aug 745,100)
  • West Portland:    $631,700             3.4%   (Aug 646,200)
  • NW Wash County:  $486,200          3.8%   (Aug 557,900)
  • Beaverton/Aloha:     $402,800       7.7%   (Aug 406,600)
  • Tigard/Wilsonville:   $466,900       7.9%   (Aug 466,100)
  • Hillsboro/Forest Grove: $393,200  6.7%   (Aug 386,900)

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of September 2018 reported:

    •  507 Active Listings   (Aug 510)
    •  183 New Listings     (Aug 251)
    •  122 Pending Sales  (Aug 150)
    •  141 Closed Sales      (Aug 156)
    • Average Sale Price for September: $627,000  (Aug 745,100)
      • 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.
    •  61 Average Days on the Market   (Aug 58)