Category: Market Activity

Real Estate Market Statistics for Lake Oswego, Oregon

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News & Notes ~ January 2018

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

  • According to the RMLS Market Action Report for the Portland Metro Area, January, 2018:
    • There were 2,486 New Listings in Jan 2018 which was up 12.4% from Jan of 2017’s 2,212, and UP a whopping 53.7% from Dec of 2017’s total of 1,617.
    • At 1,628, Jan Closed Sales were down 11.9% from Jan 2017’s 1,847, and 30.7% from the previous month/Dec 2017’s total of  2,350. (***In contrast to all those people working to get “Closed” before year-end)
    • January’s Pending Sales (accepted offers), at 2,311 topped Jan of 2017’s 1,990 by 16.1% , and also increased 31.5% from the previous month/Dec 2017’s total of 1,757 (***It was actually the strongest January for Pending sales since January 2007’s 2,544)
    • The Average Sale Price in January of $436,400 was up $26,500 from January 2017’s $409,900, and also up from December 2017’s a whopping $421,700 by $14,700.   (***What a difference the turning of a year makes!)

Neighborhoods: January’s Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $435,300              7.2%   (Dec 400,500)
  • NE Portland:  $445,800                   7.5%   (Dec 430,000)
  • SE Portland:  $380,900                   8.7%   (Dec 382,200)
  • Gresham/Troutdale:   $351,600   10.9%   (Dec 329,600)
  • Milwaukie/Clackamas:  $424,800  9.3%   (Dec 411,500)
  • Oregon City/Canby:   $408,600      7.3%   (Dec 402,100)
  • Lake Oswego/West Linn:$631,600 5.4%   (Dec 662,700)
  • West Portland:    $609,300             3.2%   (Dec 612,700)
  • NW Wash County:  $538,300          7.9%   (Dec 534,400)
  • Beaverton/Aloha:     $367,600        8.5%   (Dec 363,200)
  • Tigard/Wilsonville:   $428,400        7.2%   (Dec 435,700)
  • Hillsboro/Forest Grove: $390,300 10.4%   (Dec 366,800)

LAKE OSWEGO:

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

    •  281 Active Listings   (Dec 288)
    •  146 New Listings     (Dec 80)
    •  101 Pending Sales     (Dec 92)
    •   93 Closed Sales      (Dec 98)
    • Average Sale Price for Dec: $631,600  (Dec 662,700)
      • 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.
    • 93 Average Days on the Market   (Dec 73)
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Market Activity ~ Feb 5-11, 2018

Last week 13 New properties enter the market in Lake Oswego, 16 moved to Pending status, and 12 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Feb 5-11, 2018)

Address List Price # Beds # Baths Total SF Prop Type
750 1ST ST E33 $197,000 1 1 986 CONDO
45 EAGLE CREST DR #402 $199,000 1 1 768 CONDO
200 CERVANTES $225,000 3 1.1 1138 CONDO
5056 FOOTHILLS DR C $364,900 2 2 1252 CONDO
17790 OVERLOOK CIR $590,000 3 3 3480 DETACHD
26 GROUSE TER $795,000 4 3 3857 DETACHD
116 MIDDLECREST RD $1,075,000 4 3 2545 DETACHD
3305 CEDAR CT $1,098,000 4 3.1 3986 DETACHD
418 NORTHSHORE RD $1,248,800 4 2 2838 DETACHD
1875 FERNWOOD DR $1,249,900 4 4 3279 DETACHD
16538 MAPLE CIR $1,299,000 4 3.1 2784 DETACHD
1059 BAYBERRY RD $1,548,000 5 3.1 3550 DETACHD
17399 CANAL CIR $2,349,000 4 3.1 4586 DETACHD

PENDING SALES (Feb 5-11, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
32 OSWEGO SMT $174,900 1 1 752 CONDO 125
86 KINGSGATE RD C202 $225,000 2 2 924 CONDO 39
5225 JEAN RD #313 $260,000 2 2 1200 CONDO 155
3802 BOTTICELLI ST $275,000 3 2 1224 CONDO 3
5353 LAKEVIEW BLVD $295,000 3 2 2598 DETACHD 13
15494 BRIANNE CT $335,000 2 2.1 1250 ATTACHD 2
4000 CARMAN DR #49 $350,000 2 1.1 1004 CONDO 4
17460 SCHALIT WAY $497,000 4 3 2190 DETACHD 174
17 FALSTAFF ST $579,000 4 3 2450 DETACHD 100
33 HILLSHIRE DR $677,000 4 2.1 2757 DETACHD 45
12788 SIERRA VISTA DR $699,000 4 3.1 2812 DETACHD 221
1418 Maple ST $799,950 3 2.1 2066 DETACHD
740 7TH ST $1,249,000 7 7 5431 DETACHD 268
4660 WILDWOOD ST $1,289,900 4 4 3709 DETACHD 36
2462 SUMMIT DR $1,575,000 3 2.1 3598 DETACHD 270
12384 SW CLARA LN $2,000,000 4 2.1 2007 DETACHD 446

SOLD (Feb 5-11, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
61 OSWEGO SMT $219,900 $220,000 2 2 1212 CONDO 10
4236 WOODSIDE CIR $395,000 $400,000 3 2 1524 ATTACHD 16
4978 GALEN ST $474,850 $449,000 2 2.1 1552 ATTACHD 78
9 FALSTAFF ST $577,000 $549,000 4 2.1 2436 DETACHD 315
1885 CREST DR $625,000 $565,000 4 2 2120 DETACHD 132
16946 BRYANT RD $999,000 $824,000 2 2 1390 DETACHD 171
160 IRON MOUNTAIN BLVD $825,000 $835,000 4 3 3090 DETACHD 9
1579 BAY VIEW LN $988,000 $965,000 5 3 4730 DETACHD 182
15800 OSWEGO SHORE CT $1,155,000 $1,100,000 4 3.1 4047 DETACHD 269
18246 BELLA TERRA DR $1,269,000 $1,195,000 4 3.1 4200 DETACHD 311
830 CABANA LN $1,324,900 $1,200,000 4 3.1 3029 DETACHD 202
16697 MAPLE CIR $5,250,000 $5,250,000 4 3.2 3311 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 Jan 29-Feb 4, 2018

Pending sales are currently out pacing new listings. Inventory is sorely needed so if you are thinking about selling your Lake Oswego home, the time is ripe! Last we in LO we had 10 houses come onto the market, 15 go into pending status, and 11 properties that closed escrow.

Following is the breakdown for you according to RMLS:

New on the Market (Jan 29-Feb 4, 2018)

Address Type Price BR Baths Sq Ft
1776 Bonniebrae Dr Townhouse $331,000 2 2 1525
578 2nd St Condo $499,000 2 2.5 1302
1413 Oak St Detached $600,000 3 3 2424
17720 Overlook Circle Detached $615,000 4 2.5 3400
282 Greenwood Rd Detached $890,000 3 2.5 2530
13978 Westcott Ct Detached $985,000 4 3 3267
504 8th St Detached $1,075,000 4 3 2858
2057 Summit Dr Detached $1,279,000 4 3.5 4694
2735 Glen Eagles Rd Detached $1,379,900 4 3.5 2938
1093 Chandler Rd Detached $2,200,000 5 4.5 5331

Pending Sales (Jan 29-Feb 4, 2018)

Address Type Price BR Baths Sq Ft CDOM
17570 Hill Way Detached $479,000 3 2 1378 5
1232 Cornell St Detached $569,000 3 2 1647 4
1601 Woodland Terrace Detached $599,000 3 3 2594 126
5545 Kilchurn Ave Detached $660,000 3 2 2559 18
13283 Fox Run Detached $724,900 3 2.5 2744 10
802 Clara Ct Detached $769,000 4 3 2857 54
17421 Brookhurst Dr Detached $779,000 4 3.5 3756 10
18840 Hill Top Rd Detached $899,999 3 3.5 4286 499
15620 Village Dr Detached $949,000 4 2.5 3324 28
1555 Country Commons Detached $995,000 4 2.5 4191 273
625 Carrera Ln Detached $998,000 4 33.5 5288 76
4136 Casey Ct Detached $999,000 5 3.5 4070 1
18171 Bryant Rd Detached $1,198,000 3 2.5 2984 201
3920 Upper Dr Detached $1,199,000 4 3.5 3800 127
1923 Mapleleaf Ct Detached $1,395,000 3 2.5 3190 253

Sold/Closed (Jan 29-Feb 4, 2018)

Address Type List Price Sold Price Sq Ft CDOM
4 Touchstone #93 Condo $224,900 $220,000 1351 17
3433 McNary Pkwy #604 Attached $269,000 $275,000 1,136 7
5225 Jean Rd #507 Condo $289,900 $279,900 1,400 121
1470 Boca Ratan Dr Townhouse $360,000 $360,000 1867 0
16890 Cortez Ct Detached $469,000 $460,000 2016 78
520 2nd St Condo $499,000 $495,000 1520 24
5524 Langford Ln Detached $570,000 $530,000 2038 96
1661 Woodland Ter Detached $625,000 $610,000 3178 32
8 Morningview Ln Detached $645,000 $635,000 3277 98
2155 Ridgewood Rd Detached $775,000 $760,000 3454 39
920 Atwood Rd Detached $1,995,000 $2,295,440 4851 165

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 ~ Jan 22-28, 2018

Last week 12 New properties enter the market in Lake Oswego, 19 moved to Pending status, and 11 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 22-28, 2018)

Address List Price # Beds # Baths Total SF Prop Type
160 OSWEGO SMT $199,000 2 2 1383 CONDO
5353 LAKEVIEW BLVD $295,000 3 2 2598 DETACHD
3688 SPRING LN #3D $299,900 2 2 1117 CONDO
507 ASH ST $399,000 4 3 4666 DETACHD
18966 LONGFELLOW AVE $459,950 3 2 1330 DETACHD
5524 WASHINGTON CT $799,000 4 2.1 2672 DETACHD
17594 SHEPHERDS CT $825,000 4 2.1 3001 DETACHD
4101 VIRGINIA WAY $899,900 4 2.2 3231 DETACHD
14144 GOODALL RD $1,089,000 4 3 3701 DETACHD
2912 WEMBLEY PARK RD $1,650,000 4 3.2 4389 DETACHD
18475 Crestline DR $1,888,888 4 4.1 4740 DETACHD
940 HOODVIEW LN $2,248,000 4 3.1 4638 DETACHD

PENDING SALES (Jan 22-28, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY #75 $199,900 3 2 1593 CONDO 162
44 EAGLE CREST DRb #16 $221,900 3 2 1085 CONDO 192
19241 LONGFELLOW AVE $439,900 3 1 1188 DETACHD 3
4841 SW DAWN ST $489,000 3 2 1550 DETACHD 11
17323 ASHLEY CT $525,000 3 2.1 2117 ATTACHD 79
1033 SPRUCE ST $575,000 2 2.1 1623 DETACHD 6
21 MASARYK ST $585,000 4 2.1 2773 DETACHD 80
5622 CARMAN DR $599,000 4 2 2164 DETACHD 5
780 BRIERCLIFF LN $599,900 5 3.1 2502 DETACHD 97
13366 AUBURN CT $639,900 3 2.1 2492 ATTACHD 0
4729 LAKEVIEW BLVD $679,000 3 2.1 2551 DETACHD 40
19 HIDALGO ST $725,000 4 3.1 4500 DETACHD 11
18336 TAMAWAY DR $745,000 4 3 3372 DETACHD 6
4725 CAMBRIDGE CT $749,900 2 2.1 2942 ATTACHD 130
18440 DELENKA LN $799,900 4 3.1 4668 DETACHD 234
1316 CEDAR ST $849,999 5 3.1 3140 DETACHD 257
13300 FIELDING RD $850,000 3 2 2865 DETACHD 56
16034 INVERURIE RD $859,900 4 3 3305 DETACHD 18
2135 RIDGE POINTE DR $1,569,900 5 4.2 6755 DETACHD 247

SOLD (Jan 22-28, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
48 CERVANTES CIR 3-C $235,000 $220,000 2 1.1 1368 ATTACHD 4
18017 TUALATA AVE $379,900 $365,000 3 2 1124 DETACHD 28
5215 BONITA RD $495,000 $473,000 3 2.1 1761 DETACHD 16
5059 W SUNSET DR $599,900 $525,000 2 2.1 1734 ATTACHD 73
1798 KILKENNY RD $579,900 $529,900 3 2 2323 DETACHD 224
14260 UPLANDS DR $600,000 $580,000 4 3 2984 DETACHD 30
18410 DEERBRUSH AVE $659,000 $625,000 4 2.1 2246 DETACHD 92
13265 FOX RUN $699,900 $689,900 4 2.1 2614 DETACHD 34
17645 OAK MEADOW LN $828,000 $690,000 4 2.1 3723 DETACHD 159
339 6TH ST $789,000 $745,083 3 3.1 2258 ATTACHD 81
583 2ND ST $1,200,000 $1,200,000 2 2.1 2190 CONDO 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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News & Notes ~ Dec / Year-End 2017

We’ve got the numbers in for 2017~ Here is your look at the most recent data for the entire Portland area and how Lake Oswego fits in to this picture just below:

  • According to the RMLS Market Action Report for the Portland Metro Area, December, 2017:
    • There were 1,617 New Listings in Dec 2017 which was up 13.8% from Dec of 2016’s 1,421, and down a whopping 33.1% from Nov of 2017’s total of 2,416.
    • At 2,350, Dec Closed Sales were down 10.3% from Dec 2016’s 2,621, and 1.6% from the previous month/Nov 2017’s total of  2,387.
    • December’s Pending Sales (accepted offers), at 1,757 was exactly the same as Dec of 2016, and decreased 25.9% from the previous month/Nov 2017’s total of 2,371.
    • The Average Sale Price in December of $421,700 was up $22,400 from December 2016’s $399,300, and down from November 2017’s $425,000 by $3,300.   

Neighborhoods: December’s Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $400,500              5.9%   (Nov 401,600)
  • NE Portland:  $430,000                   8.1%   (Nov 439,100)
  • SE Portland:  $382,200                   8.7%   (Nov 403,500)
  • Gresham/Troutdale:   $329,600   10.4%   (Nov 349,900)
  • Milwaukie/Clackamas:  $411,500  9.1%   (Nov 406,000)
  • Oregon City/Canby:   $402,100      7.2%   (Nov 377,800)
  • Lake Oswego/West Linn:$662,700 9.5%   (Nov 708,000)
  • West Portland:    $612,700             3.2%   (Nov 576,100)
  • NW Washington County:$534,400  7.7%   (Nov 501,200)
  • Beaverton/Aloha:     $363,200        9.2%   (Nov 349,300)
  • Tigard/Wilsonville:   $435,700        7.7%   (Nov 453,000)
  • Hillsboro/Forest Grove: $366,800 11.0%   (Nov 364,600)

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for the month of December 2017 reported:

    •  288 Active Listings   
    •   80 New Listings     
    •   92 Pending Sales   
    •   98 Closed Sales  
    • Average Sale Price for Dec: $662,700  
      • 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.
    • 73 Average Days on the Market
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Market Activity ~ Jan 8-14, 2018

Last week saw 7 New properties enter the market in Lake Oswego, 11 move to Pending status, and 8 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 8-14, 2018)

Address List Price # Beds # Baths Total SF Prop Type
133 OSWEGO SMT $199,900 1 1 923 CONDO
4000 CARMAN DR F90 $205,000 2 2 834 CONDO
16250 PACIFIC HWY #60 $249,900 2 2 1305 CONDO
5545 KILCHURN AVE $660,000 3 2 2559 DETACHD
12788 SIERRA VISTA DR $699,000 4 3.1 2812 DETACHD
4004 MELISSA DR $709,900 4 2.1 2865 DETACHD
13171 SANDALWOOD CT $715,000 4 2.1 3325 DETACHD

PENDING SALES (Jan 8-14, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
570 S STATE ST / Grnd $239,500 2 1 914 CONDO 2
4462 THUNDER VISTA LN $314,000 2 2.1 2040 CONDO 4
16855 GASSNER LN $449,900 4 2 2258 DETACHD 30
16150 LAKE FOREST BLVD $524,900 2 2 2302 DETACHD 42
528 2ND ST $525,000 2 2.1 1703 CONDO 7
9 FALSTAFF ST $549,000 4 2.1 2436 DETACHD 315
14260 UPLANDS DR $600,000 4 3 2984 DETACHD 30
4725 CAMBRIDGE CT $749,900 2 2.1 2942 ATTACHD 118
160 IRON MOUNTAIN BLVD $825,000 4 3 3090 DETACHD 9
4933 LAKEVIEW BLVD $996,000 4 3 3988 DETACHD 7
19419 SW EAST SIDE RD $1,300,000 4 3.1 4682 DETACHD 98

SOLD (Jan 8-14, 2018.)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
3290 WEMBLEY PARK RD $550,000 $530,000 5 3 2656 DETACHD 62
5330 CARMAN GROVE LN $759,900 $725,000 3 2.1 2442 DETACHD 165
1755 KILKENNY RD $844,900 $775,000 4 3 3164 DETACHD 131
1627 VILLAGE PARK LN $945,000 $790,000 4 3.1 3203 DETACHD 168
16 CELLINI CT $869,000 $790,000 3 2.1 3049 DETACHD 61
5349 CARMAN GROVE LN $899,900 $880,000 4 3 2847 DETACHD 189
14167 TAYLORS CREST LN $948,000 $885,000 4 2.1 3675 DETACHD 177
12750 FIELDING RD $1,100,000 $945,000 3 2 3018 DETACHD 41

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 25, 2017-Jan 7, 2018

Being the first posting of the new year, I am happy to say that things are starting off with a bang. The last 2 weeks have brought 21 new listings onto the market, 19 houses have gone into pending status, and 21 properties that are closed/sold. Most exciting is that 1900 Twin Points has gone pending. This is one of Lake Oswego’s most prestigious homes. It on the lake with it’s own small bay and is known for its Asian inspired blue tile roof. Priced at $6,999,000, it’s been on the market for 535 days. Now the curiosity will be watching to see what the final sales price is.

Following is the breakdown for you according to RMLS:

New on the Market (Dec 25, 2017-Jan 7, 2018)

Address Type Price BR Baths Sq Ft
86 Kingsgate Rd #C202 Condo $175,000 2 2 924
668 McVey Ave #46 Condo $274,900 2 1 863
4462 Thunder Vista Ln Condo $314,000 2 2.5 2040
4340 Beasley Way Detached $409,900 3 1 1384
156 Kingsgate Rd Detached $434,900 2 2 2020
8 Sherwood Ct Detached $629,200 3 3.5 3212
33 Hillshire Dr Detached $699,950 4 2.5 2757
17423 Oak Meadow Ln Detached $749,000 3 2.5 3125
3413 Royce Way Detached $769,000 3 2.5 2753
3106 Rosemary Ln Detached $775,000 3 2.5 2717
5693 Victoria Ct Detached $790,000 4 2.5 3540
160 Iron Mountain Blvd Detached $825,000 4 3 3090
15620 Village Dr Detached $995,000 4 2.5 3324
3144 Glenmorrie Dr Detached $998,900 3 2.5 2582
3100 Westview Ct Detached $1,100,000 4 3.5 3725
4743 Upper Dr Detached $1,175,000 4 2.5 3079
4731 Upper Dr Detached $1,195,000 4 2.5 3208
4749 Upper Dr Detached $1,235,000 4 2.5 3285
4660 Wildwood St Detached $1,349,900 4 4 3709
13615 Westlake Dr Detached $1,350,000 4 4.5 4050
893 Cedar St Detached $1,375,000 4 3.5 3740

Pending Sales (Dec 25, 2017-Jan 7, 2018)

Address Type Price BR Baths Sq Ft CDOM
48 Cervantes Cir 3-C Attached $235,000 2 1.5 1368 4
200 Burnham Rd #304 Condo $239,000 2 2 1305 144
668 McVey Ave #84 Condo $239,900 2 1.5 976 117
1470 Boca Ratan Dr Townhse $360,000 3 2 1867 0
4236 Woodside Circle Attached $395,000 3 2 1524 16
918 Lake Front Rd Detached $455,000 2 1 921 3
4978 Galen St Attached $459,000 2 2.5 1552 78
520 2nd St Condo $499,000 2 1.5+.5 1520 24
17380 Marjorie Ave Detached $509,000 4 2 1816 5
5524 Langford Ln Detached $550,000 2 2 2038 96
21 Masaryk St Detached $585,000 4 2.5 2773 59
3220 Duncan Dr Detached $639,000 4 2.5 3042 188
643 Ash St Detached $674,900 4 2.5 2200 3
13265 Fox Run Detached $689,900 4 2.5 2614 34
5925 Sunbrook Dr Detached $699,000 3 2.5 3160 10
17429 Schalit Way Detached $699,900 4 3.5 2823 150
17184 Carlson Ct Detached $720,000 4 3.5 3318 36
830 Cabana Ln Detached $1,249,000 4 3.5 3029 202
1900 Twin Points Rd Detached $6,999,000 5 3.5+.5 6776 535

Sold/Closed (Dec 25, 2017-Jan 7, 2018)

Address Type List Price Sold Price Sq Ft CDOM
100 Kerr Pkwy #59 Condo $194,900 $189,900 823 24
4085 Jefferson Pkwy Condo $309,900 $303,400 1,302 60
1784 Bonniebrae Attached $339,000 $325,000 1,393 19
16724 Roosevelt Ave Detached $399,900 $401,200 1270 112
668 McVey Ave #61 Condo $475,000 $465,000 992 342
17736 Cardinal Ct Detached $535,000 $535,000 2280 29
14307 Camden Ln Detached $599,900 $545,000 1932 116
804 4th St Detached $575,000 $553,000 1396 6
3854 Tempest Dr Detached $575,000 $568,900 1953 43
1625 Fernwood Dr Detached $629,000 $592,500 2182 82
19180 Indian Creek Ave Detached $599,900 $599,900 2392 7
14377 Camden Ln Detached $679,900 $620,000 2530 141
999 Oxford Dr Detached $679,000 $630,000 3118 93
17040 Summer Pl Detached $639,000 $639,000 3186 71
4725 Firwood Rd Detached $675,000 $695,000 2557 3
555 Atwater Rd Detached $925,000 $775,000 4016 127
812 Country Commons Detached $950,000 $860,000 3740 140
910 A Ave Detached $999,000 $920,000 3324 21
14405 Pfeifer Dr Detached $969,900 $921,500 3853 134
5303 Amberwood Ct Detached $999,999 $985,000 3634 15
17656 Kelok Rd Detached $1,238,000 $1,163,000 3290 275

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 ~ Nov 2017 Data

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

  • According to the RMLS Market Action Report for the Portland Metro Area, November, 2017:
    • There were 2,416 New Listings in Nov 2017 which was up 16.8% from Nov of 2016’s 2,080, and down 19% from Oct of 2017’s total of 2,981.
    • At 2,387, Nov Closed Sales were down 1.9% from Nov 2016’s 2,434, and 6.9% from the previous month/Oct 2017’s total of  2,565.
    • November’s Pending Sales (accepted offers), at 2,371 increased 4.6% from Nov of 2016’s 2,266, and decreased 12.3% from the previous month/Oct 2017’s total of 2,705.
    • The Average Sale Price in November of $425,000 was up $28,000 from November 2016’s $397,000, and down from October 2017’s $438,500 by $13,500.   

November Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $401,600              5.8%
  • NE Portland:  $439,100                   8.3%
  • SE Portland:  $403,500                   8.3%
  • Gresham/Troutdale:   $349,900   11.1%
  • Milwaukie/Clackamas:  $406,000  9.0%
  • Oregon City/Canby:   $377,800      7.7%
  • Lake Oswego/West Linn:$708,000 9.4%
  • West Portland:    $576,100             4.3%
  • NW Washington County:$501,200  8.4%
  • Beaverton/Aloha:     $349,300        9.6%
  • Tigard/Wilsonville:   $453,000        6.9%
  • Hillsboro/Forest Grove: $364,600 11.4%

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for the month of November 2017 reported:

    •  376 Active Listings   
    •  124 New Listings     
    •  111  Pending Sales   
    •  108 Closed Sales  
    • Average Sale Price for Nov: $708,000  
      • 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.
    • 85  Average Days on the Market
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Market Activity ~ Dec 11-17, 2017

Last week saw 7 New properties enter the market in Lake Oswego, 11 move to Pending status, and 14 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Dec 11-17, 2017)

Address List Price # Beds # Baths Total SF Prop Type
4236 WOODSIDE CIR $395,000 3 2 1524 ATTACHD
16855 GASSNER LN $449,900 4 2 2258 DETACHD
4711 REMBRANDT LN $529,900 3 2.1 2050 DETACHD
14260 UPLANDS DR $600,000 4 3 2984 DETACHD
4729 LAKEVIEW BLVD $679,000 3 2.1 2551 DETACHD
12 DA VINCI ST $684,000 4 3 2959 DETACHD
17537 CARDINAL DR $2,298,000 5 4 5383 DETACHD

PENDING SALES (Dec 11-17, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
1798 KILKENNY RD $559,900 3 2 2323 DETACHD 224
1661 WOODLAND TER $625,000 3 2.1 3178 DETACHD 32
5418 WASHINGTON CT $679,900 3 2.1 2074 DETACHD 64
17585 TREETOP WAY $689,000 4 3 2422 DETACHD 74
1755 KILKENNY RD $799,900 4 3 3164 DETACHD 131
1627 VILLAGE PARK LN $825,000 4 3.1 3203 DETACHD 168
13845 AMBERWOOD CIR $885,000 4 2.1 3277 DETACHD 120
2715 GLEN EAGLES RD $900,000 4 2 2500 DETACHD 130
910 A AVE $999,000 3 2 3324 DETACHD 21
18246 BELLA TERRA DR $1,269,000 4 3.1 4200 DETACHD 311
1972 CHERYL CT $1,999,999 4 4.1 6952 DETACHD 89

SOLD (Dec 11-17, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
45 EAGLE CREST DR #415 $203,500 $195,000 2 1.1 1056 CONDO 119
200 BURNHAM RD #300 $215,000 $205,000 1 1 973 CONDO 17
6451 MCEWAN RD $379,900 $380,000 3 1.1 1080 DETACHD 9
16215 LAKE FOREST BLVD $424,900 $380,250 3 1 1001 DETACHD 46
19244 BENFIELD AVE $449,000 $455,000 3 2 1182 DETACHD 3
106 GREENRIDGE CT $469,950 $470,700 3 3 3198 ATTACHD 4
5866 RIDGETOP CT $539,000 $509,000 3 2 1866 DETACHD 15
4954 BILFORD LN $575,000 $560,000 2 2 1890 DETACHD 46
13422 VERMEER DR $659,000 $615,000 4 3 2682 DETACHD 29
29 DEL PRADO ST $735,000 $747,000 4 2 3037 DETACHD 7
1350 RIDGECREST DR $1,249,900 $1,100,000 5 3 3534 DETACHD 159
937 Cedar ST $1,350,000 $1,350,000 4 3.1 3938 DETACHD 125
916 LAKE SHORE RD $2,195,000 $1,780,000 4 3.1 3780 DETACHD 141
1000 ATWATER RD $2,695,000 $2,550,000 5 4.2 6531 DETACHD 41

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.

Posted on

Market Activity Dec 4-10, 2017

Amidst the shopping, trips to the post office, parties, and general hubbub of the holidays, people are still putting their homes up for sale, looking at houses, and making offers. Last week in Lake Oswego there were 8 new listings, 18 homes that went into pending status, and 16 sold/closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (Dec 4-10, 2017)

Address Type Price BR Baths Sq Ft
4 Touchstone #93 Condo $224,900 3 3 1351
5059 Foothills Dr G Condo $319,000 2 2 991
4 Adams Ct Detached $487,000 4 2.5 2287
520 2nd St Condo $499,000 2 1.5+.5 1520
4654 Auburn Ln Attached $624,900 3 3.5 2732
3665 Olson Ct Detached $695,000 4 3 2517
802 Clara Ct Detached $769,000 4 3 2857
18048 Eastridge Ln Detached $1,375,000 4 3.5 4336

Pending Sales (Dec 4-10, 2017)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Parkway #59 Condo $189,900 2 1.5 823 24
4 Touchstone #148 Condo $224,900 3 2.5 1351 27
204 Cervantes Condo $225,000 3 1.5 1138 27
1784 Bonniebrae Dr Attached $339,000 2 1.5 1393 19
5092 Galen St Detached $424,900 2 2 1178 3
52115 Bonita Rd Detached $495,000 3 2.5 1761 16
3290 Wembley Park Rd Detached $539,500 5 3 2656 62
5059 West Sunset Dr Attached $549,000 2 2.5 1734 73
14307 Camden Ln Detached $560,000 3 2.5 1932 116
804 4th St Detached $575,000 3 1.5 1396 6
8 Westminster Dr Detached $623,000 3 3.5 2258 169
339 6th St Attached $769,000 3 3.5 2258 81
2155 Ridgewood Rd Detached $775,000 4 3 3454 39
1976 Palisades Terrace Dr Detached $865,000 4 2.5 3898 260
14405 Pfeifer Dr Detached $925,000 5 3 3853 134
15800 Oswego Shore Ct Detached $1,155,000 4 3.5 4047 269
1350 Ridgecrest Dr Detached $1,175,000 5 3 3534 159
18137 Meadowlark Ln Detached $1,429,000 4 4.5 5306 90

Sold/Closed (Dec 4-10, 2017)

Address Type List Price Sold Price Sq Ft CDOM
47 Eagle Crest Dr #8 Condo $175,000 $170,000 932 101
5225 Jean Rd #511 Condo $275,000 $275,000 1,400 9
100 Leonard St 2-1 Condo $429,000 $420,000 1,364 24
5907 Kenny St Detached $450,000 $456,000 1300 34
18971 Indian Springs Cir Detached $529,000 $495,000 1312 43
13606 Blazer Trail Detached $525,000 $515,000 1676 19
100 Leonard St 2-2 Condo $525,000 $562,500 2585 79
272 Greenwood Rd Detached $565,000 $562,500 1676 2
1682 Highland Rd Detached $649,000 $587,500 2234 111
624 Livingood Ln Detached $695,000 $685,000 2596 24
4006 Canal Woods Ct Detached $775,000 $768,675 3514 152
2983 Lakeview Blvd Detached $799,000 $786,000 2583 22
16610 Woodsman Ct Detached $799,000 $799,000 3462 8
4296 Sunset Dr Detached $800,000 $800,000 2600 0
17519 Brookhurst Dr Detached $859,000 $820,000 3758 46
12834 Alto Park Rd Detached $1,475,000 $1,365,000 3973 66

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.