Category: Market Activity

Real Estate Market Statistics for Lake Oswego, Oregon

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News & Notes ~ Nov 2019 Numbers

Here is your look at the most recent data for the entire Portland area (November 2019) and how Lake Oswego fits in to this picture just below.

Inventory is about the same as last month with a wide selection of homes still on the market in this now-holiday season. The biggest news in the overall numbers for November as compared with October is that almost everything is pretty nearly exactly the same, or at least not much has changed. The main exception would be the New & Closed numbers being down, but that is to be expected as we moved from October into the holiday season.

According to the RMLS Market Action Report for the Portland Metro Area, November, 2019:

  • There were 2,118  New Listings in November 2019 which was down 8.3%  from November of 2018’s 2,310, and  30.9% from the previous month/October’s 3,064.
  • At 2,191, November 2019’s Closed Sales rose at 2.2% over November 2018’s 2,144, and fell 15.3% from the previous month/October 2019’s total of 2,588.
  • At 2,274, November 2019’s Pending Sales rose 19.4% over November 2018’s 1,904, and fell 11.7% from the previous month/October 2019’s total of 2,575.
  • The Average Sale Price in November 2019 of $462,600 up $13,700 from last year/November 2018’s $448,900, and up $1,200 from the previous month/October 2019’s $461,400.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in November 2019 of $415,000 was up from last year/November 2018’s $391,400 by $23,600, and up $4,500 from the previous month/October 2019’s $410,500.   

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

  • North Portland:  $453,100           0.1%   (Oct $408,000)
    •                                                     YTD Median: $409,000
  • NE Portland:  $466,000                   2.2%   (Oct $466,800)
    •                                                     YTD Median: $425,000
  • SE Portland:  $422,200                   1.7%   (Oct $422,000)
    •                                                     YTD Median: $376,000
  • Gresham/Troutdale:   $380,800     4.5%   (Oct $376,000)
    •                                                     YTD Median: $352,500
  • Milwaukie/Clackamas:  $450,000  3.0%   (Oct $431,600)
    •                                                     YTD Median: $419,300
  • Oregon City/Canby:   $437,900      4.2%   (Oct $438,100)
    •                                                     YTD Median: $411,000
  • Lake Oswego/West Linn:$718,200  1.4%  (Oct $763,800)
    •                                                      YTD Median: $590,000
  • West Portland:    $608,900             -2.6%  (Oct $627,500)
    •                                                     YTD Median: $525,000
  • NW Wash County:  $512,000         -1.8%   (Oct $573,800)
    •                                                      YTD Median: $515,000
  • Beaverton/Aloha:     $410,800       3.7%   (Oct $405,500)
    •                                                     YTD Median: $391,000
  • Tigard/Wilsonville:   $463,100        1.0%   (Oct $474,700)
    •                                                      YTD Median: $440,000
  • Hillsboro/Forest Grove: $411,700  4.5%   (Oct $420,700)
    •                                                      YTD Median: $385,000

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of November 2019 reported:

    •  287 Active Listings  (Oct 354)
    •   85 New Listings     (Oct 129)
    •   97 Pending Sales   (Oct 126)
    •  126 Closed Sales      (Oct 106)
    • Average Sale Price for November: $718,200  (Oct $763,800)
      • 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.
    •  101 Average Days on the Market   (Oct 92)

 

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Market Activity ~ Dec 9-15, 2019

Last week 6 New properties entered the market, 15 moved to Pending status, and 11 were “Closed”/Sold. We also have 161 homes for sale right now in Lake Oswego this week before Christmas.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Dec 09-15, 2019)

Address List Price # Beds # Baths Total SF Prop Type
17635 DEEMAR WAY $549,000 4 2 1488 DETACHD
3 BECKET ST $699,900 4 2.1 4285 DETACHD
14253 KIMBERLY CIR $895,000 4 3.1 3527 DETACHD
762 3RD ST $1,100,000 3 2.1 2590 DETACHD
1159 LAKE FRONT RD $1,848,800 5 4 3756 DETACHD
4660 UPPER DR $1,895,000 5 3.1 3898 DETACHD

PENDING SALES (Dec 09-15, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
54 CERVANTES CIR / Grnd $205,000 2 1.1 912 CONDO 29
164 OSWEGO SMT / Upper $244,900 2 2 1383 CONDO 116
5054 FOOTHILLS DR, H $320,000 3 2 1252 CONDO 107
12862 BOONES FERRY RD #114 $378,500 2 2.1 1136 CONDO 47
1122 ERICKSON ST $495,000 3 2 1511 DETACHD 4
3241 PHYLLIS CT $525,000 4 3 2674 DETACHD 8
30 BECKET ST $544,999 3 2 2077 DETACHD 113
3615 UPPER DR $600,000 3 2 1529 DETACHD 37
3735 UPPER DR $620,000 4 2 1770 DETACHD 3
41 TANGLEWOOD DR $632,500 4 3 3001 DETACHD 162
1982 WEMBLEY PARK RD $674,000 6 4 4561 DETACHD 164
17821 HILLSIDE WAY $785,000 4 3.1 3480 DETACHD 89
17618 BLUE HERON RD $795,000 4 2 2413 DETACHD 77
1952 EGAN WAY $864,000 3 3 2961 DETACHD 191
135 FURNACE ST / Upper $870,000 2 2.1 1927 CONDO 74

SOLD (Dec 09-15, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
82 GALEN ST / Upper $175,000 $180,000 1 1 690 CONDO 36
219 CERVANTES, #219 $229,000 $225,000 2 2 1100 CONDO 135
4510 LOWER DR, B1 $425,000 $410,000 3 2.1 1729 CONDO 30
16200 PACIFIC HWY, #6 $419,500 $419,500 2 2 1190 CONDO 2
500 MAPLE ST $647,500 $583,000 3 2.1 2567 DETACHD 87
2 CREEKSIDE TER $679,900 $635,000 4 2.1 2906 DETACHD 30
4379 SNOWBRUSH CT $825,000 $700,000 4 3 3596 DETACHD 606
4006 CANAL WOODS CT $799,000 $790,000 4 3.1 3514 DETACHD 35
2311 PALISADES CREST DR $1,279,000 $1,200,000 4 2.1 4903 DETACHD 88
994 COUNTRY CMNS $1,348,850 $1,200,000 4 2.1 3968 DETACHD 180
3102 DOUGLAS CIR $1,695,000 $1,600,000 5 4.1 4644 DETACHD 197

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 2-8, 2019

Last week in Lake Oswego we had 6 properties come onto the market, 7 move to pending status, and 14 closed sales. What I found interesting was that for 7 pending sales, 4 sold really fast, in just a few days, while the other 3 were all properties that had been on the market for an extended period of time. Just an anomaly that I found interesting.

Following is the breakdown for you according to RMLS:

New on the Market (Dec 2-8, 2019)

Address Type Price BR Baths Sq Ft
1122 Erickson St Detached $495,000 3 2 1511
3241 Phyllis Ct Detached $525,000 4 3 2674
1442 Orchard Springs Rd Detached $539,000 3 2.5 1400
17199 Warren Ct Detached $569,900 3 2 1750
78 Greenridge Ct Attached $595,000 3 3 2000
19097 Bryant Rd Detached $1,499,900 4 4 3556

Pending Sales (Dec 2-8, 2019)

Address Type Price BR Baths Sq Ft CDOM
42 Oswego Summit Condo $142,500 1 1 764 3
5989 Langford Ln Detached $569,000 3 3 1794 4
11 Falstaff St Detached $605,000 4 2.5 2555 4
308 4th St Attached $625,000 2 2.5 1731 9
440 9th St Detached $648,000 3 2 2475 136
19253 Childs Ct Detached $929,900 3 3 2675 178
4840 Lamont Way Detached $1,324,000 5 3.5 3277 141

Sold/Closed (Dec 2-8, 2019)

Address Type List Price Sold Price Sq Ft CDOM
18 Britten Ct Attached $425,000 $413,000 1972 19
24 Del Prado St Detached $450,000 $450,000 3,034 0
15371 Twin Fir Rd Detached $485,000 $475,250 2876 3
14498 Camden Ln Detached $599,000 $525,000 1918 91
15008 Twin Fir Rd Detached $789,000 $650,000 3532 125
2651 Wembley Park Rd Detached $875,000 $715,000 2068 170
573 2nd St Condo $869,000 $769,500 1748 148
19319 Dogwood Ct Detached $825,000 $775,000 3119 90
4105 Pfeifer Ct Detached $989,000 $882,000 4176 425
15136 Glen Eagles Ct Detached $1,100,000 $1,094,010 3150 3
4320 Haven St Detached $1,200,000 $1,200,000 4526 165
489 8th St Detached $1,648,000 $1,490,687 3700 119
18785 Westview Dr Detached $2,995,000 $2,300,000 5580 654
705 Terrace Dr Detached $2,695,000 $2,445,000 3623 114

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 25-Dec 1, 2019

Last week 5 New properties entered the market, 12 moved to Pending status, and 10 were “Closed”/Sold.

Its officially “Holiday Season”, so new properties get scarcer for a few weeks, and/but we have a great inventory already at 183 homes for sale right now in Lake Oswego. This week we only saw 5 properties truly enter the market, however, I did delete 5 that had been “refreshed” with a new ML#, which is also a mark of the season. Overall, Life is good, and folks continue to buy and sell property for a whole host of reasons, so… If you’re looking to make a change that involves either of these, Dianne and I are always busy this time of year, AND always here for you. And… like a broken record, this is an incredible time of year to catch focused, serious Buyers and motivated Sellers. Win/win.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Nov 25-Dec 1, 2019)

Address List Price # Beds # Baths Total SF Prop Type
30 BECKET ST $544,999 3 2 2077 DETACHD
308 4TH ST $625,000 2 2.1 1731 TOWNHSE
17525 CHERRY CT $1,199,000 5 3.1 4559 DETACHD
3250 FIR RIDGE RD $1,349,000 4 3.1 3541 DETACHD
1976 HIGHLANDS LOOP $1,695,000 4 3.2 4881 DETACHD

PENDING SALES (Nov 25-Dec 1, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #76 $180,000 2 2 984 CONDO 20
15938 QUARRY RD #5B $225,000 2 1 996 CONDO 3
4000 CARMAN DR #C37 $249,000 1 1 836 CONDO 34
16250 PACIFIC HWY #76 $325,000 3 2 1745 CONDO 74
4282 WOODSIDE CIR $385,000 2 2 1444 ATTACHD 29
24 DEL PRADO ST $450,000 6 2.1 3034 DETACHD 0
4688 OAKRIDGE RD $475,000 3 2 1788 DETACHD 51
16946 LOWER MEADOWS DR $520,000 3 2.1 1792 DETACHD 20
1293 HIDE A WAY LN $585,000 3 2.1 1720 DETACHD 10
4379 SNOWBRUSH CT $799,000 4 3 3596 DETACHD 606
4125 CASEY CT $999,000 4 3.1 3728 DETACHD 179
19025 SW HILL TOP RD $2,349,500 5 4.1 5366 DETACHD 445

SOLD (Nov 25-Dec 1, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
8 CRESTFIELD CT / Upper $172,900.00 $155,000.00 1 1 689 CONDO 132
25 OSWEGO SMT #25 $180,000.00 $175,000.00 1 1 721 CONDO 53
4634 LOWER DR / Grnd $240,000.00 $245,000.00 2 1.1 1260 CONDO 19
17761 DEEMAR WAY $519,900.00 $430,000.00 3 2 1610 DETACHD 179
5430 SW SILETZ CT $495,000.00 $480,000.00 4 2 1915 DETACHD 4
5071 W SUNSET DR $519,000.00 $496,000.00 2 2.1 1734 TOWNHSE 148
34 MORNINGVIEW CIR $679,000.00 $649,900.00 4 2.1 2942 DETACHD 36
319 3RD ST $679,000.00 $660,000.00 3 3.1 1937 ATTACHD 68
14711 UPLANDS DR $1,290,000.00 $1,150,000.00 4 4.1 3327 DETACHD 931
1225 OAK TER $1,450,000.00 $1,497,900.00 4 4 3771 DETACHD 149

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 ~ October 2019 Numbers

Here is your look at the most recent data for the entire Portland area (October 2019) and how Lake Oswego fits in to this picture just below.

According to the RMLS Market Action Report for the Portland Metro Area, October, 2019:

  • There were 3,064  New Listings in October 2019 which was down 1.2%  from October of 2018’s 3,100, and  11.7% from the previous month/September’s 3,470.
  • At 2,588 October 2019’s Closed Sales rose at 6.1% over October 2018’s 2,440, and  also increased 8.9% from the previous month/September 2019’s total of 2,377.
  • October 2019’s Pending Sales (accepted offers), at 2,575 were up  3.7% from October of 2018’s 2,484, but fell 4.1% from the previous month/September 2019’s total of  2,686.
  • The Average Sale Price in October 2019 of $461,400 up $7,000 from last year/October 2018’s $454,400, and up $3,000 from the previous month/September 2019’s $458,400.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in October 2019 of $410,500 was up from last year/October 2018’s $395,000 by $15,500, and up $500 from the previous month/September 2019’s $410,000.   

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

  • North Portland:  $408,000           -0.4%   (Sep $422,300)
    •                                                     YTD Median: $407,500
  • NE Portland:  $466,800                   2.3%   (Sep $429,000)
    •                                                     YTD Median: $430,000
  • SE Portland:  $422,000                   2.2%   (Sep $422,600)
    •                                                     YTD Median: $376,000
  • Gresham/Troutdale:   $376,000     4.3%   (Sep $368,800)
    •                                                     YTD Median: $350,000
  • Milwaukie/Clackamas:  $431,600  3.6%   (Sep $442,000)
    •                                                     YTD Median: $419,000
  • Oregon City/Canby:   $438,100      4.9%   (Sep $437,400)
    •                                                     YTD Median: $411,000
  • Lake Oswego/West Linn:$763,800  1.2%  (Sep $680,900)
    •                                                      YTD Median: $589,900
  • West Portland:    $627,500             -2.5%  (Sep $593,700)
    •                                                     YTD Median: $520,000
  • NW Wash County:  $573,800         -1.8%   (Sep $534,800)
    •                                                      YTD Median: $520,000
  • Beaverton/Aloha:     $405,500       4.5%   (Sep $408,100)
    •                                                     YTD Median: $390,000
  • Tigard/Wilsonville:   $474,700        1.9%   (Sep $465,900)
    •                                                      YTD Median: $439,900
  • Hillsboro/Forest Grove: $420,700  4.3%   (Sep $411,300)
    •                                                      YTD Median: $384,900

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of October 2019 reported:

    •  354 Active Listings  (Sep 405)
    •  129 New Listings     (Sep 162)
    •  126 Pending Sales   (Sep 128)
    •  106 Closed Sales      (Sep 120)
    • Average Sale Price for October: $763,800  (Sep $680,900)
      • 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.
    •  92 Average Days on the Market   (Sep 58)

 

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Market Activity ~ Nov 11-17, 2019

There are a total of 204 homes for sale right now in Lake Oswego. Last week 13 New properties entered the market, 12 moved to Pending status, and 17 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Nov 11-17, 2019)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWYbb #52 $168,950 1 1 617 CONDO
9 OSWEGO SMT/Lower $180,000 1 1 764 CONDO
54 CERVANTES CIR/Grnd $205,000 2 1.1 912 CONDO
86 KINGSGATE RD #H201 $221,000 2 2 840 CONDO
65 OSWEGO SMT/Upper $245,000 2 2 1140 CONDO
17 SUMMIT RIDGE CT $325,000 2 2.1 1844 TOWNHSE
1010 LAUREL ST $559,900 2 2 2498 DETACHD
304 6TH ST $575,000 1 1 941 DETACHD
17721 OVERLOOK CIR $739,900 4 2.1 3172 DETACHD
5006 UPPER DR $1,300,000 4 3.1 3284 DETACHD
707 LAKE SHORE RD $1,925,000 3 3.1 2689 DETACHD
17313 BLUE HERON RD $2,069,000 4 2.2 3454 DETACHD
1190 FAIRWAY RD $2,599,000 4 4.1 5855 DETACHD

PENDING SALES (Nov 11-17, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
16200 PACIFIC HWY #6 $419,500 2 2 1190 CONDO 2
4510 LOWER DR B1 $425,000 3 2.1 1729 CONDO 30
1775 CLOVERLEAF RD $549,900 4 2.1 2238 DETACHD 5
3903 TEMPEST DR $579,000 3 2.1 2410 DETACHD 138
5554 ROYAL OAKS DR $595,000 3 2 1861 DETACHD 3
500 MAPLE ST $599,500 3 2.1 2567 DETACHD 153
15008 TWIN FIR RD $689,900 5 3.1 3532 DETACHD 125
5709 CHARLES CIR $725,000 4 2.1 2912 DETACHD 109
1952 EGAN WAY $864,000 3 3 2961 DETACHD 167
14711 UPLANDS DR $1,150,000 4 4.1 3327 DETACHD 931
2311 PALISADES CREST DR $1,249,000 4 2.1 4903 DETACHD 88
3122 UPPER DR $1,299,000 4 4 3939 DETACHD 196

SOLD (Nov 11-17, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
65 GALEN ST / Main $184,000 $180,000 1 1 689 CONDO 18
4 TOUCHSTONE #69 $186,000 3 3 1351 CONDO 20
5225 JEAN RD #403 $279,000 $277,000 2 2 1200 CONDO 10
6 THE GROTTO $425,000 $425,000 3 2 1381 DETACHD 5
6216 WAYZATA CT $440,000 $425,000 3 2 1261 DETACHD 86
5944 BURMA RD $549,000 $547,000 3 2 1409 DETACHD 6
14363 CAMDEN LN $579,000 $584,000 4 2.1 2438 DETACHD 4
79 GREENRIDGE CT $595,000 $584,000 3 2 1642 TOWNHSE 9
1550 BEDFORD CT $624,000 $590,000 2 2.1 2359 DETACHD 404
17573 BLUE HERON CT $625,000 $605,000 4 3 2464 DETACHD 87
45 BECKET ST $650,000 $610,000 3 2.1 2653 DETACHD 78
2103 RIDGEWOOD RD $657,000 $657,000 4 2 1648 DETACHD 3
13 Da Vinci ST $725,000 $690,000 5 3.1 3815 DETACHD 16
5206 ROYAL OAKS DR $735,000 $720,000 5 3.1 2985 DETACHD 126
17701 WESTVIEW DR $750,000 $867,000 3 3 2115 DETACHD 3
2937 RIVENDELL RD $1,200,000 $1,095,000 3 3.1 4965 DETACHD 166
15880 OSWEGO SHORE CT $1,499,000 $1,415,000 4 3.1 4084 DETACHD 561

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 4-10, 2019

We are now officially entering into “The Holidays”, that mythical time of year when folks are very busy gearing up for Thanksgiving and Christmas, and Hanukkah. Yes, the market does slow down. But, and it’s a big but, it still cranks right along. Buyers who are shopping at this time of year are MOTIVATED. It’s a great time to put your house on the market and it’s also a great time of year to buy a house.

Last week in Lake Oswego there were 5 new listings, 7 properties that went pending, and 18 closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (Nov 4-10, 2019)

Address Type Price BR Baths Sq Ft
16946 Lower Meadows Dr Detached $525,000 3 2.5 1792
3615 Upper Dr Detached $600,000 3 2 1529
4511 Oakridge Rd Attached $639,900 3 2.5 2129
936 Evergreen Rd Detached $2,195,000 4 3.5 3772
16931 Maple Circle Detached $3,995,000 4 4.5+.5 5725

Pending Sales (Nov 4-10, 2019)

Address Type Price BR Baths Sq Ft CDOM
202 Cervantes Condo $190,000 2 2 890 170
7155 Childs Rd Condo $213,000 2 1 893 114
200 Burnham Rd #400 Condo $234,900 1 1 948 5
19319 Dogwood Ct Detached $775,000 4 2.5 3119 90
4031 Orchard Dr Detached $795,000 4 2.5 3271 89
4006 Canal Woods Ct Detached $799,000 4 3.5 3514 35
13596 Goodall Rd Detached $1,579,000 4 4.5 3552 205

Sold/Closed (Nov 4-10, 2019)

Address Type List Price Sold Price Sq Ft CDOM
16317 Bonaire Ave Detached $349,000 $320,000 1219 5
668 McVey Ave #50 Condo $380,000 $380,000 636 231
16065 Kimball St Detached $375,000 $403,500 1511 1
336 Livingood Ln Detached $575,000 $505,000 2392 194
5178 Lower Dr Detached $565,000 $509,000 1800 36
12 Northview Ct Attached $525,000 $520,000 3266 143
13662 Blazer Trail Detached $532,000 $522,000 1896 26
358 Lake Bay Ct Detached $735,000 $595,000 1460 69
18212 Indian Creek Dr Detached $659,000 $664,000 2283 3
116 Northshore Rd Detached $729,000 $695,000 2218 285
14066 Edenberry Dr Detached $1,050,000 $860,000 3835 109
15982 Parker Rd Detached $1,100,000 $1,013,801 3135 88
1699 Village Park Ln Detached $1,129,000 $1,088,000 3342 21
4155 Canal Rd Detached $1,250,000 $1,175,000 3805 14
14089 Edenberry Dr Detached $1,700,000 $1,300,000 3398 62
1178 Andrews Rd Detached $1,498,000 $1,498,000 3771 8
13322 Briarwood Ln Detached $1,650,000 $1,600,000 3921 55
13132 Thoma Rd Detached $2,469,900 $2,180,000 5362 144

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 28-Nov 4, 2019

There are a total of 220 homes for sale right now in Lake Oswego. Last week 7 New properties entered the market, 22 moved to Pending status, and 15 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Oct 28-Nov 4, 2019)

Address List Price # Beds # Baths Total SF Prop Type
12862 BOONES FERRY RD #114 $378,500 2 2.1 1136 CONDO
4282 WOODSIDE CIR $385,000 2 2 1444 ATTACHD
16377 KIMBALL ST $399,900 3 1 1200 DETACHD
100 LEONARD ST / Upper $664,000 3 2 1736 CONDO
8 DOVER WAY $1,500,000 6 4.2 6118 DETACHD
736 SOUTHVIEW RD $3,398,000 4 3.2 4639 DETACHD
460 SW BERGIS RD $7,999,000 6 4.1 5114 DETACHD

PENDING SALES (Oct 28-Nov 4, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
82 GALEN ST $175,000 1 1 690 CONDO 36
4 TOUCHSTONE #130 $200,000 2 2 984 CONDO 25
3968 CARMAN DR $299,900 2 2.1 1107 CONDO 35
18 BRITTEN CT $425,000 3 2.1 1972 ATTACHD 19
17761 DEEMAR WAY $448,000 3 2 1610 DETACHD 179
15003 TWIN FIR RD $492,000 2 1 984 DETACHD 7
1716 ASPEN CT $515,000 3 2 1528 DETACHD 9
14498 CAMDEN LN $549,900 4 2.1 1918 DETACHD 91
16106 LAKE FOREST BLVD $549,900 3 1.2 3440 DETACHD 482
79 GREENRIDGE CT $595,000 3 2 1642 TOWNHSE 9
4981 HAMPTON CT $619,000 4 2.1 2440 DETACHD 60
14201 DOLPH CT $624,999 3 2 1916 DETACHD 91
34 MORNINGVIEW CIR $679,000 4 2.1 2942 DETACHD 36
18381 HEATHER ANN CT $696,000 4 2.1 2983 DETACHD 315
573 2ND ST / Upper $789,000 2 2.1 1748 CONDO 148
654 1ST ST $799,900 2 2.1 2140 CONDO 167
1451 GREENTREE CIR $875,000 4 3.1 2300 DETACHD 84
4105 PFEIFER CT $882,000 5 2.1 4176 DETACHD 425
2013 RIDGEWOOD RD $1,025,000 5 3.1 4116 DETACHD 231
994 COUNTRY CMNS $1,225,000 4 2.1 3968 DETACHD 180
15566 VILLAGE PARK CT $1,378,000 5 3.1 4855 DETACHD 386
15880 OSWEGO SHORE CT $1,499,000 4 3.1 4084 DETACHD 561

SOLD (Oct 28-Nov 4, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
4000 CARMAN DR #33 $274,900 $270,000 2 2 1103 CONDO 2
32 CONDOLEA DR / Main $359,900 $330,000 2 2 1420 CONDO 56
16494 INVERURIE RD $479,000 $450,000 3 1 1302 DETACHD 68
2305 GLEN HAVEN RD $501,300 $501,300 2 2 1580 DETACHD 0
336 LIVINGOOD LN $575,000 $505,000 4 2.1 2392 DETACHD 194
13242 VERMEER DR $549,000 $540,000 3 2.1 2100 DETACHD 7
16921 KARA LN $620,000 $607,000 3 2.1 2382 DETACHD 71
16 ABELARD ST $625,000 $610,000 5 3 3012 DETACHD 31
18833 INDIAN CREEK AVE $619,900 $619,900 4 2.1 2301 DETACHD 15
30 WESTRIDGE DR $659,900 $650,000 4 3 3290 DETACHD 27
1255 BAYBERRY RD $859,000 $765,000 3 2 1910 DETACHD 116
19333 RIVERWOOD LN $925,000 $869,500 4 3 3110 DETACHD 96
1715 EDGECLIFF TER $1,625,000 $1,550,000 4 4.1 4927 DETACHD 372
13132 Thoma RD $2,469,900 $2,180,000 5 4.1 5362 DETACHD 144
910 NORTHSHORE RD $4,195,000 $4,125,000 5 6.1 5203 DETACHD 0

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

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Market Activity Oct 21-27, 2019

The last few days have been absolutely spectacular. Fall colors are at their prime and the clear blue skies have really created exceptional beauty. Love this time of year!

As far as real estate, sales are staying very strong. Last week in Lake Oswego brought 14 new listings onto the market, 18 properties that accepted offers and went into pending status, and 12 properties that sold/closed.

Following is the breakdown for you according to RMLS:

New on the Market (Oct 21-27, 2019)

Address Type Price BR Baths Sq Ft
4000 Carman Dr C37 Condo $249,000 1 1 836
4057 Jefferson Pkwy Attached $295,000 3 2.5 1247
5060 Foothills Dr B Condo $350,000 2 2 1252
16200 Pacific Hwy #21 Condo $399,900 2 2 1190
668 McVey Ave #36 Condo $410,000 2 1 852
12846 Boones Ferry Rd Condo $389,000 2 2.5 1234
27 Greenridge Ct Townhouse $424,000 3 2.5 2140
1716 Aspen Ct Detached $515,000 3 2 1528
79 Greenridge Ct Townhouse $595,000 3 2 1642
1250 Pine St Detached $629,000 4 3 2856
15773 Springbrook Ct Detached $629,900 3 2 1616
17393 Grandview Ct Detached $839,000 4 3.5 3672
16892 Maple Circle Detached $1,425,000 3 2.5 1693
959 Country Club Rd Detached $2,900,000 3 4.5 4120

Pending Sales (Oct 21-27, 2019)

Address Type Price BR Baths Sq Ft CDOM
86 Kingsgate Rd i-201 Condo $226,000 2 2 856 35
124 Oswego Summit Condo $234,999 2 2 1140 163
56 Galen St Condo $239,950 2 2 989 14
4634 Lower Dr Condo $240,000 2 1.5 1260 19
1581 Bonniebrae Dr Townhouse $355,000 2 2 1393 77
17273 Bryant Rd Detached $475,000 3 1.5 1452 88
13455 Auburn Ct Attached $549,900 3 2.5 1937 14
38 Briarwood Rd Detached $569,900 7 2.5+.5 2554 412
17251 Tree Top Ln Detached $589,000 4 2 2488 3
12396 Clara Ln Detached $600,000 3 2.5 2007 967
358 Lake Bay Ct Detached $654,000 3 2 1460 69
16850 Gassner Ln Detached $699,000 4 3 1773 4
2395 Palisades Crest Dr Detached $720,000 4 3 3397 36
630 9th St Detached $875,000 4 3 2683 14
2151 Crest Dr Detached $899,950 4 2.5 4690 139
362 9th St Detached $999,000 3 2.5 2018 165
489 8th St Detached $1,589,000 5 5.5 3700 119
705 Terrace Dr Detached $2,549,000 4 3.5 3623 114

Sold/Closed (Oct 21-27, 2019)

Address Type List Price Sold Price Sq Ft CDOM
4000 Carman Dr D53 Condo $219,000 $219,000 836 13
1796 Bonniebrae Dr Townhouse $415,000 $390,000 1,738 21
17609 Sydni Ct Townhouse $549,000 $545,000 2466 70
3781 Tempest Dr Detached $630,000 $550,000 3927 58
16972 Greentree Ave Detached $575,000 $575,000 2692 7
16 Da Vinci Detached $679,921 $608,000 2460 59
17613 Woodhurst Pl Detached $889,900 $810,000 4622 146
2399 Palisades Crest Dr Detached $1,100,000 $1,050,000 4452 146
4687 Firwood Rd Detached $1,198,000 $1,198,000 2803 172
3270 Fir Ridge Rd Detached $1,449,000 $1,400,000 3872 14
720 Southview Rd Detached $2,395,000 $2,050,000 3599 115
1010 Northshore Rd Detached $3,198,000 $2,680,000 4581 379

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 2019 Numbers

Here is your look at the most recent data for the entire Portland area (September 2019) and how Lake Oswego fits in to this picture just below.

According to the RMLS Market Action Report for the Portland Metro Area, September, 2019:

  • There were 3,470  New Listings in September 2019 which was down 3.8%  from September of 2018’s 3,606, and  7.6% from the previous month/August’s 3,757.
  • At 2,377 September 2019’s Closed Sales rose at 4.6% higher than September 2018’s 2,272, and  fell 18.1% from the previous month/August 2019’s total of 2,901.
  • September 2019’s Pending Sales (accepted offers), at 2,686 were up  8.7% from September of 2018’s 2,471, but fell 8.3% short from the previous month/August 2019’s total of  2,929.
  • The Average Sale Price in September 2019 of $458,400 up $10,600 over last year/September 2018’s $447,800, and down $4,200 from the previous month/August 2019’s $462,600.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in September 2019 of $410,000 was up from last year/September 2018’s $392,500 by $17,500, and down $7,500 from the previous month/August 2019’s $417,500.   

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

  • North Portland:  $422,300            0.2%   (Aug $440,400)
    •                                                     YTD Median: $408,0500
  • NE Portland:  $481,600                   2.6%   (Aug $506,200)
    •                                                     YTD Median: $430,000
  • SE Portland:  $422,600                   1.4%   (Aug $424,000)
    •                                                     YTD Median: $375,000
  • Gresham/Troutdale:   $368,800     4.3%   (Aug $372,500)
    •                                                     YTD Median: $350,000
  • Milwaukie/Clackamas:  $442,000  3.3%   (Aug $449,000)
    •                                                     YTD Median: $419,000
  • Oregon City/Canby:   $437,400      4.6%   (Aug $435,800)
    •                                                     YTD Median: $415,000
  • Lake Oswego/West Linn:$680,900  0.8%  (Aug $685,500)
    •                                                      YTD Median: $589,500
  • West Portland:    $593,700             -1.8%  (Aug $578,000)
    •                                                     YTD Median: $520,000
  • NW Wash County:  $534,800         -1.2%   (Aug $535,100)
    •                                                      YTD Median: $515,000
  • Beaverton/Aloha:     $408,100       5.0%   (Aug $406,800)
    •                                                     YTD Median: $390,000
  • Tigard/Wilsonville:   $465,900        1.5%   (Aug $465,200)
    •                                                      YTD Median: $440,000
  • Hillsboro/Forest Grove: $411,300  4.2%   (Aug $416,000)
    •                                                      YTD Median: $384,900

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of September 2019 reported:

    •  405 Active Listings  (Aug 452)
    •  162 New Listings     (Aug 199)
    •  128 Pending Sales   (Aug 140)
    •  120 Closed Sales      (Aug 187)
    • Average Sale Price for September: $680,900  (Aug $685,500)
      • 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.
    •  58 Average Days on the Market   (Aug 76)