Category: Market Activity

Real Estate Market Statistics for Lake Oswego, Oregon

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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)
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Market Activity ~ Oct 15-21.2018

Greetings Property Blotter Readers!

There are 305 homes for sale in Lake Oswego right now. Last week 16 New properties entered the market, 10 moved to Pending status, and 13 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Oct 15-21, 2018)

Address List Price # Beds # Baths Total SF Prop Type
4 TOUCHSTONE #131 $199,900 3 2.1 1351 CONDO
4342 BOTTICELLI ST / Grnd $395,000 2 2.1 2285 CONDO
112 TOUCHSTONE TER $399,000 3 2.1 1952 TOWNHSE
4514 LOWER DR, B3 $409,900 3 2.1 1644 CONDO
668 MCVEY AVE #36 $418,000 2 1 852 CONDO
6182 SW DAWN ST $469,000 3 1.1 1300 DETACHD
17043 CRESTVIEW DR $539,500 4 2.1 2303 DETACHD
1508 PINE ST $579,900 4 3 2300 DETACHD
6414 FROST ST $597,900 3 2.1 2205 DETACHD
5262 ROSEWOOD ST $650,000 3 2 2275 DETACHD
15213 CANDLEWOOD CT $749,900 4 2.1 2784 DETACHD
828 8TH ST $1,169,000 3 3.1 2839 DETACHD
4146 Lakeview BLVD $1,500,000 4 3.1 3279 DETACHD
4620 Dogwood DR $1,595,000 4 3.1 3550 DETACHD
17129 KELOK RD $1,695,000 4 2.1 2896 DETACHD
2322 KNAUS RD $1,998,000 4 3.2 5087 DETACHD

PENDING SALES (Oct 15-21, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #31 $167,900 2 1 1009 CONDO 154
202 CERVANTES / Grnd $205,000 2 2 890 CONDO 193
9 JUAREZ ST $449,900 4 3.1 2570 DETACHD 98
1425 CEDAR ST $489,900 4 2 1669 DETACHD 8
532 2ND ST $495,000 2 2.1 1392 CONDO 6
6122 CARMAN DR $539,900 4 2 1508 DETACHD 52
5670 CHARLES CIR $795,000 4 2.1 2968 DETACHD 102
16021 PARELIUS CIR $919,000 4 2.1 4075 DETACHD 6
18650 STAFFORD RD $1,100,000 4 2.1 2840 DETACHD 67
3150 UPPER DR $2,250,000 5 5 5071 DETACHD 1

SOLD (Oct 15-21, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
15938 QUARRY RD, A1 $219,900 $215,000 2 1 996 CONDO 3
1218 LAUREL ST $449,000 $400,000 4 2 1485 DETACHD 73
17310 CANYON DR $649,000 $545,000 5 3 2716 DETACHD 106
145 DEL PRADO ST $624,900 $600,000 3 2 2137 DETACHD 25
14 OTHELLO ST $625,000 $620,000 4 2.1 2538 DETACHD 183
2013 RIDGEWOOD RD $901,000 $660,870 4 2.1 3181 DETACHD 79
5561 KILCHURN AVE $799,888 $732,500 4 2.1 2803 DETACHD 63
19330 River Run DR $814,900 $765,000 4 4 3786 DETACHD 162
13613 PROVINCIAL HILL WAY $1,075,000 $999,500 5 3.1 4327 DETACHD 171
13589 ROGERS RD $1,099,950 $1,040,000 4 4 3302 DETACHD 123
3487 LAKE GROVE AVE $1,275,000 $1,220,000 4 3.1 3473 DETACHD 27
2812 Lakeview BLVD $2,500,000 $1,706,250 3 2 2566 DETACHD 349
3434 LAKEVIEW BLVD $6,988,000 $6,700,000 5 5.1 7102 DETACHD 44

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 8-14, 2018

Last week was another great week to be buying or selling a home in Lake Oswego. We had 17 new listings come onto the market, 13 properties go into pending status, and 10 closed/sold homes.

Following is the breakdown for you according to RMLS:

New on the Market (Oct 8-14, 2018)

Address Type Price BR Baths Sq Ft
100 Kerr Parkway #11 Condo $158,000 1 1 617
45 Eagle Crest Dr #305 Condo $199,900 2 1.5 1364
86 Kingsgate Rd A104 Condo $218,000 2 2 849
44 Eagle Crest Dr #31 Condo $219,000 2 1 908
48 Eagle Crest Dr 2C Condo $329,900 3 2 1623
5053 Foothills Dr B Condo $340,000 3 2 1252
532 2nd St Condo $495,000 2 2.5 1392
5751 Washington Ct Detached $525,000 5 2 2120
5695 Washington Ct Detached $575,000 4 2 1708
304 6th St Detached $639,900 1 1 941
2227 Hillside Dr Detached $715,000 4 3 3003
641 3rd St Condo $849,900 4 2.5 2092
649 3rd ST Condo $859,900 3 2.5 2274
16021 Parelius Circle Detached $919,000 4 2.5 4075
639 Carrera Ln Detached $1,275,000 5 3.5 4381
15566 Village Park Ct Detached $1,550,000 5 3.5 4381
2051 Wembley Park Rd Detached $1,600,000 4 3.5 3550

Pending Sales (Oct 8-14, 2018)

Address Type Price BR Baths Sq Ft CDOM
4 Touchstone #155 Condo $219,900 3 2.5 1351 28
16250 Pacific Hwy #64 Condo $249,000 2 2 1305 4
5711 McEwan Rd Detached $384,900 3 1 1467 20
7 Summit Ridge Ct Attached $435,000 2 2.5 1704 65
1651 Woodland Terr Detached $445,000 5 3 2737 84
63 Greenridge Ct Attached $524,000 3 2 1789 28
5835 Ridgetop Ct Detached $625,000 4 2.5 2375 197
18420 Deer Oak Ave Detached $649,000 4 3 2327 14
6123 Frost Ln Detached $650,000 4 2.5 2338 24
1055 Country Club Rd Detached $875,000 3 2 2908 151
16736 Sylvan Ct Detached $999,900 3 3 3914 6
211 Furnace St Detached $1,195,000 4 3.5 3301 96
3711 Wren St Detached $1,399,900 3 3.5 3250 188

Sold/Closed (Oct 8-14, 2018)

Address Type List Price Sold Price Sq Ft CDOM
4652 Lower Dr Condo $210,000 $220,000 1170 64
391 Livingood Ln Detached $540,000 $450,000 3872 22
17797 Overlook Circle Detached $549,900 $478,000 2908 71
13055 Princeton Ct Detached $675,000 $592,500 3142 42
17036 Crestview Dr Detached $620,000 $605,000 2768 91
5700 Ridgetop Ct Detached $674,000 $650,000 2737 8
17436 Wren Ct Detached $715,000 $715,000 2311 32
817 Hoodview Ln Detached $1,369,000 $1,369,000 4,141 90
3817 Upper Dr Detached $1,629,000 $1,600,000 4246 3
14335 Fosberg Rd Detached $1,990,000 $1,950,000 6526 64

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 1-7, 2018

Greetings Property Blotter Readers!

The market is relatively steady for this time of year. Last week 18 New properties entered the market, 19 moved to Pending status, and 17 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Oct 1-7, 2018)

Address List Price # Beds # Baths Total SF Prop Type
4640 LOWER DR $195,000 2 1.2 1170 CONDO
44 EAGLE CREST DR #22 $254,900 3 2 1085 CONDO
199 OSWEGO SMT #199 $264,900 2 2 1506 CONDO
4000 CARMAN DR #40 $279,000 2 2 906 CONDO
975 LUND ST $579,900 3 2 2300 DETACHD
939 DEVON LN $584,900 3 2 2165 DETACHD
8 HILLSHIRE DR $615,000 4 2.1 2848 DETACHD
13369 PETERS RD $625,000 4 2.1 2474 DETACHD
5807 RIDGETOP CT $710,000 5 2.1 2610 DETACHD
4858 MADRONA ST $799,900 3 2.1 1846 DETACHD
16736 SYLVAN CT $999,900 3 3 3914 DETACHD
2060 INDIAN TRL $1,250,000 3 2.1 2387 DETACHD
306 8th ST $1,299,900 4 4 2893 DETACHD
17686 Stafford (Lt4+TrctA) RD $1,595,000 5 3.1 4776 DETACHD
1074 Bayberry RD $1,625,000 3 3 3429 DETACHD
951 LAKE FRONT RD $1,658,000 3 2.1 1713 DETACHD
435 IRON MOUNTAIN BLVD $2,350,000 5 4.1 4714 DETACHD
1233 CHERRY LN $2,399,000 5 4.1 6052 DETACHD

PENDING SALES (Oct 1-7, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
202 CERVANTES / Grnd $205,000 2 2 890 CONDO 181
204 RIDGEWAY RD #204 $239,000 1 1 778 CONDO 12
668 MCVEY AVE #35 $280,000 1 1 636 CONDO 15
3954 CARMAN DR $289,999 2 2.1 1132 CONDO 96
5432 KENNY ST $444,900 3 1 1352 DETACHD 6
155 GREENWOOD RD $445,000 3 1 999 DETACHD 86
9 JUAREZ ST $449,900 4 3.1 2570 DETACHD 85
15008 TWIN FIR RD $494,900 7 2.4 3532 DETACHD 108
16800 LAKERIDGE DR $499,000 4 2.1 2160 DETACHD 65
1280 HALLINAN ST $524,900 3 2 1500 DETACHD 50
18238 TAMAWAY DR $679,900 5 3 5504 DETACHD 58
146 CHURCH ST $699,000 3 2 1924 DETACHD 4
5555 FIELDSTONE CT $699,900 4 2.1 2712 DETACHD 84
5 JUAREZ ST $749,000 5 3.1 4393 DETACHD 38
5326 WESTFIELD CT $775,000 4 3.1 3259 DETACHD 1
13637 Westlake DR $1,275,000 4 4.1 3927 DETACHD 171
17486 REDFERN AVE $1,449,900 4 4 3632 DETACHD 73
13705 KNAUS RD $1,675,000 4 3.1 5339 DETACHD 168
2812 Lakeview BLVD $1,900,000 3 2 2566 DETACHD 349

SOLD (Oct 1-7, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #44 $190,000 $180,000 2 1.1 823 CONDO 9
16250 PACIFIC HWY #47 $225,000 $235,000 2 1 1305 CONDO 3
210 S STATE ST #7 $299,900 $299,500 3 2 1284 CONDO 125
6096 HARRINGTON AVE $469,500 $465,000 3 2 2833 DETACHD 5
668 MCVEY AVE #31 $499,900 $499,000 3 1.1 992 CONDO 3
18421 INDIAN CREEK DR $515,000 $527,262 3 2 1836 DETACHD 4
4515 OAKRIDGE RD $630,000 $600,000 3 2.1 1981 ATTACHD 124
1871 KILKENNY DR $649,000 $609,000 5 2.1 3086 DETACHD 11
13220 THOMA RD $599,000 $625,000 3 2 2208 DETACHD 3
3413 ROYCE WAY $659,000 $628,000 3 2.1 2753 DETACHD 236
17226 TUALATIN ST $649,000 $629,000 4 2.1 1984 DETACHD 102
725 10TH ST $795,000 $744,000 3 2 2016 DETACHD 13
630 9TH ST $799,000 $789,000 4 3 2576 DETACHD 99
452 7TH ST $1,150,000 $1,010,000 4 2.1 2600 DETACHD 61
650 1ST ST $1,150,000 $1,025,000 3 2.1 2767 CONDO 24
2277 SUMMIT DR $1,288,000 $1,110,000 4 3.1 4659 DETACHD 66
17344 CEDAR RD $1,699,000 $1,662,500 5 2.1 2831 DETACHD 27

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

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Market Activity Sept 24-30, 2018

Last week in Lake Oswego new listings were down to just 13. By the time we get to Christmas they’ll get to as few as 4 or 5. But think about that, even at Christmas folks are listing their homes for sale. The market is always happening! Along with 13 new listings, there were 19 properties that went into pending status and 23 sold/closed sales. 19 pending and 23 sold is right in line with what we’ve had happening since the end of August. This means that the buyers are still out there making offers. This is a great circumstance for selling!

Following is the breakdown for you according to RMLS:

New on the Market (Sept 24-30, 2018)

Address Type Price BR Baths Sq Ft
16790 Lake Forest Blvd Detached $349,900 2 1 780
9 Summit Ridge Ct Townhouse $399,000 2 2.5 1576
5432 Kenny St Detached $444,900 3 1 1352
17000 Gassner Ln Detached $557,000 3 2 1832
18420 Deer Oak Ave Detached $675,000 4 3 2327
146 Church St Detached $699,000 3 2 1924
8 Yorick St Detached $819,900 5 3 4451
3343 Fir Ridge Rd Detached $899,950 5 3 3334
18124 Pioneer Ct Detached $1,389,900 3 2.5 3201
16913 Canal Circle Detached $1,595,000 5 3.5+.5 4359
667 Lake Bay Ct Detached $1,849,000 4 3.5 3450
1688 Leslie Ln Detached $1,898,000 4 4.5 5540
1010 Northshore Rd Detached $3,398,000 3 3.5 4581

Pending Sales (Sept 24-30, 2018)

Address Type Price BR Baths Sq Ft CDOM
47 Eagle Crest Dr #52 Condo $129,900 1 1 665 89
3916 Carman Dr Condo $318,000 2 2.5 1098 71
6472 Dawn St Detached $389,950 3 2 1032 44
1218 Laurel St Detached $410,000 4 2 1485 73
4674 Rembrandt Ln Detached $429,000 3 2.5 1561 44
6096 Harrington Ave Detached $469,500 3 2 2833 5
1196 Oxford Dr Detached $479,000 4 3 2704 13
1039 Spruce St Detached $499,000 3 1.5 1486 97
17721 Arbor Ln Detached $499,999 3 2 1479 41
391 Livingood Ln Detached $540,000 5 3 3872 22
12 Juarez St Detached $648,000 4 3.5 3848 172
10 Morningview Circle Detached $689,000 4 3.5 3848 172
5561 Kilchurn Ave Detached $748,888 4 2.5 2803 63
161 Furnace St Condo $950,000 2 2 2134 22
2990 Glen Eagles Rd Detached $1,150,000 4 2.5 3787 153
844 5th St Detached $1,175,000 4 3 2590 3
13659 Westlake Dr Detached $1,295,000 4 3.5 4274 20
18137 Meadowlark Ln Detached $1,299,000 4 4.5 5306 389
17407 Redfern Ave Detached $1,345,000 4 4.5 5206 166

Sold/Closed (Sept 24-30, 2018)

Address Type List Price Sold Price Sq Ft CDOM
100 Kerr Pkwy #31 Condo $159,000 $159,000 618 12
4000 Carman Dr A10 Condo $218,500 $209,900 836 51
44 Eagle Crest Dr #22 Condo $227,999 $224,900 1085 39
213 Oswego Summit Condo $245,000 $245,000 1383 39
203 Cervantes Condo $380,000 $270,000 1100 28
17566 Blue Herron Ct Detached Auction $413,700 3412 21
40 Weatherstone Condo $429,000 $430,000 1692 35
18807 Kristi Way Detached $499,000 $499,000 1,256 6
17268 Fernwood Dr Detached $525,000 $517,500 2086 73
1400 Lee St Detached $575,000 $520,000 2840 62
540 6th St Detached $575,000 $525,000 748 0
2340 Oakhurst Ln Detached $625,000 $540,750 2860 15
6150 Kenny St Detached $625,000 $606,000 2070 8
17790 Overlook Circle Detached $639,900 $626,500 3480 97
18000 Westminster Dr Detached $680,000 $670,000 2679 101
13000 Rogers Rd Detached $749,900 $690,000 3252 83
4804 Heritage Ln Detached $739,000 $745,000 2458 6
14495 Pfeifer Dr Detached $739,500 $750,000 3732 7
3075 Royce Way Detached $799,000 $755,000 3724 125
17596 Oak Meadow Ln Detached $789,000 $772,000 2844 1
13822 Melrose Ln Detached $1,050,000 $972,000 3529 51
4287 Haven St Detached $1,349,950 $1,250,000 4007 56
18284 Meadowlark Ln Detached $1,375,000 $1,320,000 5425 3

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

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News & Notes ~ August Numbers 2018

Activity continues to be mixed in the Portland area.  A lot of it is seasonal/happens every year. Some looks like a slight cooling trend.

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

  • According to the RMLS Market Action Report for the Portland Metro Area, August, 2018:
    • There were 4,214 New Listings in August 2018 which was up 4.1% from August of 2017’s 4,048, and down 2.3% from the previous month/July of 2018’s total of 4,312 .
    • At 2,967, August Closed Sales fell  2.2% from August 2017’s 3,034, and/but were up 8.4 % from the previous month/July 2018’s total of 2,736.
    • August’s Pending Sales (accepted offers), at 2,760 were cooler at 10.2% down from August of 2017’s 3,072, and 10.1% down as well from the previous month/July 2018’s total of  3,071.
    • The Average Sale Price in August of $462,400 was up $26,700 from August 2017’s $436,400, and also up from the previous month/July 2018’s $455,100 by $7,300.   

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

  • North Portland:  $403,000              4.6%   (July 415,900)
  • NE Portland:  $468,800                   4.1%   (July 467,400  )
  • SE Portland:  $427,500                   7.3%   (July 425,400)
  • Gresham/Troutdale:   $360,000   10.5%   (July 361,500)
  • Milwaukie/Clackamas:  $444,000  5.2%   (July 427,400  )
  • Oregon City/Canby:   $436,000      7.7%   (July 439,400)
  • Lake Oswego/West Linn:$745,100 5.1%   (July 689,700)
  • West Portland:    $646,200             3.6%   (July 591,000)
  • NW Wash County:  $557,900          4.4%   (July 552,500)
  • Beaverton/Aloha:     $406,600        8.0%   (July 383,600 )
  • Tigard/Wilsonville:   $466,100        8.1%   (July 452,700  )
  • Hillsboro/Forest Grove: $386,900  7.5%   (July 403,100)

LAKE OSWEGO:

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

    •  510 Active Listings   (July 498)
    •  251 New Listings     (July 269)
    •  150 Pending Sales  (July 164)
    •  156 Closed Sales      (July 153)
    • Average Sale Price for August: $745,100  (July 689,700)
      • 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   (July 53)
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Market Activity Sept 10-16, 2018

I think we are at an interesting juncture in the real estate market. We have all heard of a “buyer’s” market, where buyers are in control, and a “seller’s” market, where sellers get what they want. I think right now our market is very balanced. I look at the closed and pending sales from last week, combined they equal 41 properties, and 13 of them, about 25%, sold in less than 2 weeks. 11 took more than 3 months to sell. Bottom line is price your property right and you will sell quickly and likely have a very smooth transaction. Over pricing leads to extended market time. That is just how it works.

Last week in Lake Oswego we had 17 new listings, 21 properties go into pending status, and 20 closed/sold homes.

Following is the breakdown for you according to RMLS:

New on the Market (Sept 10-16, 2018)

Address Type Price BR Baths Sq Ft
100 Kerr Parkway #19 Condo $169,900 1 1 617
6925 Montauk Circle Condo $215,000 2 1 927
4 Touchstone #155 Condo $219,900 3 2.5 1351
5225 Jean Rd Condo $264,900 2 2 1098
4043 Jefferson Parkway Condo $289,900 2 2.5 1182
110 Kingsgate Rd Detached $494,900 3 2.5 1669
14311 Sherbrook Pl Detached $498,000 3 2 1702
63 Greenridge Ct Attached $549,000 3 2 1789
17 Laurel St Detached $575,000 3 1.5 3096
6474 Frost St Detached $649,900 4 2.5 2216
6123 Frost Ln Detached $650,000 4 2.5 2338
1010 Upper Devon Ln Detached $699,000 4 2.5 3066
6044 Clairmont Ct Detached $989,900 4 2.5 3430
1813 Palisades Lake Ct Detached $1,015,000 5 3.5 4119
19114 35th Pl Detached $1,200,000 4 4.5 5447
19025 Hilltop Detached $1,975,000 5 4 5015
4101 Southshore Blvd Detached $3,995,000 3 3.5 3707

Pending Sales (Sept 10-16, 2018)

Address Type Price BR Baths Sq Ft CDOM
39 Oswego Summit Condo $220,000 2 2 1212 88
4652 Lower Dr Condo $220,000 2 1.5 1170 64
1033 Hallinan St Detached $414,900 3 1 936 16
4301 Collins Way Detached $519,000 3 2 1617 21
17310 Canyon Dr Detached $550,000 5 3 2716 106
775 Boca Ratan Dr Detached $550,000 4 3.5 2710 113
553 6th St Detached $579,000 1 1 1876 38
36 Westridge Dr Detached $584,999 4 3 2803 59
145 Del Prado St Detached $600,000 3 2 2137 25
17036 Crestview Dr Detached $620,000 4 3 2768 91
13055 Princeton Ct Detached $625,000 4 2.5 3142 42
4515 Oakridge Rd Attached $630,000 3 2.5 1981 124
5700 Ridgetop Ct Detached $674,000 4 2.5 2737 8
17436 Wren Ct Detached $715,000 3 3 2311 32
2013 Ridgewood Rd Detached $734,300 4 2.5 3181 79
350 6th ST Detached $749,000 3 3 2329 70
4896 Hastings Dr Detached $799,900 4 2.5 2785 2
452 7th St Detached $1,050,000 4 2.5 2600 61
2277 Summit Dr Detached $1,150,000 4 3.5 4659 66
3817 Upper Dr Detached $1,629,000 4 3.5 4246 3
2090 Crest Dr Detached $1,695,000 3 2.5 3258 59

Sold/Closed (Sept 10-16, 2018)

Address Type List Price Sold Price Sq Ft CDOM
92 Oswego Summit Condo $175,000 $175,000 764 2
109 Oswego Summit Condo $234,900 $237,900 1212 4
236 Ridgeway Rd 16A Condo $250,000 $250,000 914 10
5225 Jean Rd #501 Condo $349,900 $349,900 1500 6
9 Oriole Ln Detached $429,000 $411,000 1928 159
16060 Bonaire Ave Detached $389,000 $450,000 960 3
1660 Woodland Terrace Detached $509,000 $497,090 2728 188
17141 Hofer Ct Detached $515,000 $530,750 2076 5
1459 Greentree Circle Detached $595,000 550000% 1716 29
2401 Hillside Dr Detached $649,900 $649,900 3342 15
1435 Greentree Circle Detached $650,000 $650,000 2269 2
55 Northshore Rd #1 Condo $759,000 $765,000 2750 54
17682 Stafford Rd Detached $975,000 $975,000 3313 74
1828 Egan Way Detached $1,195,000 $1,050,000 3779 340
1563 Bay View Ln Detached $1,740,000 $1,057,000 5615 396
790 Terrace Dr Detached $1,195,000 $1,112,500 3734 125
17210 Cedar Rd Detached $2,095,000 $1,875,000 2813 40
260 Iron Mountain Blvd Detached $2,798,000 $2,400,000 6048 802
13188 Twin Creek Ct Detached $859,000 $850,000 3480 20
418 Northshore Rd Detached $1,098,000 $935,000 2838 190

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.