Category: Market Activity

Real Estate Market Statistics for Lake Oswego, Oregon

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Market Activity ~ March 19-25, 2018

Last week 16 New properties entered the market in Lake Oswego, 24 moved to Pending status, and 16 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (March 19-25, 2018)

Address List Price # Beds # Baths Total SF Prop Type
750 1ST ST E31 $199,900 1 1 986 CONDO
47 EAGLE CREST DR #49 $205,000 2 1 932 CONDO
67 OSWEGO SMT/Upper $225,000 2 2 1212 CONDO
668 MCVEY AVE #74 $285,000 1 1 636 CONDO
9 ORIOLE LN $429,000 3 3 1928 DETACHD
15256 BOONES WAY $490,000 3 2.1 1618 ATTACHD
18440 SW DON LEE WAY $525,000 3 1.1 1223 DETACHD
5228 COVENTRY CT $565,000 4 2.1 2382 DETACHD
6435 Frost ST #10 $649,960 3 2.1 1838 DETACHD
16731 ALDER CIR $699,000 3 2.1 2301 DETACHD
6447 Frost ST #9 $699,960 3 2.1 2227 DETACHD
19330 River Run DR $814,900 4 4 3786 DETACHD
3914 EDENS EDGE DR $1,548,000 5 5.2 6635 DETACHD
210 NORTHSHORE RD $1,575,000 4 3 3148 DETACHD
1053 C AVE $1,595,000 4 3.1 3854 DETACHD
2088 CREST DR $3,988,000 4 5.1 7737 DETACHD

PENDING SALES (March 19-25, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
58 GALEN ST/Upper $154,000 1 1 689 CONDO 18
80 OSWEGO SMT/Upper $185,000 2 2 1140 CONDO 5
200 BURNHAM RD #101 $194,900 1 1 959 CONDO 181
4000 CARMAN DR #70 $237,500 2 2 974 CONDO 4
750 1ST ST C14 $285,000 2 2 1350 CONDO 25
5061 FOOTHILLS DR D $294,900 2 2 991 CONDO 183
750 1ST ST #27 $297,000 2 2 1350 CONDO 4
5059 FOOTHILLS DR G $309,000 2 2 991 CONDO 108
3912 CARMAN DR $389,500 3 2.1 1326 CONDO 22
5325 OAKRIDGE RD $419,900 4 2 1191 DETACHD 16
4324 WOODSIDE CIR $425,000 2 2 1216 ATTACHD 7
1682 FIRCREST DR $539,900 4 2.1 2304 DETACHD 4
1612 HIGHLAND DR $549,900 4 3 2158 DETACHD 2
304 6TH ST $615,000 1 1 941 DETACHD 5
4729 FIRWOOD RD $699,000 4 2.1 2647 DETACHD 4
3106 ROSEMARY LN $729,900 3 2.1 2717 DETACHD 75
17641 BROOKHURST DR $782,500 4 2.1 3386 DETACHD 1
4985 CASCARA LN $790,000 5 2.1 3607 DETACHD 125
18341 HEATHER ANN CT $849,900 4 3.1 2316 DETACHD 3
496 10TH ST $850,000 4 2 2854 DETACHD 15
16002 INVERURIE RD $880,000 3 3 3189 DETACHD 0
1565 PINE ST $950,000 4 2 2830 DETACHD 9
426 7TH ST $960,000 4 2.1 3088 DETACHD 49
4204 CHAD DR $1,050,000 5 3.1 3930 DETACHD 6

SOLD (March 19-25, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
33 OSWEGO SMT/Lower $184,900 $162,000 1 1 764 CONDO 183
3433 MCNARY PKWYbv#806 $214,900 $219,000 2 2.1 1136 CONDO 203
18179 PILKINGTON RD $399,950 $366,000 3 2 1290 DETACHD 266
466 5TH ST / Ground $389,000 $387,800 2 1.1 1092 CONDO 71
18966 LONGFELLOW AVE $459,950 $435,000 3 2 1330 DETACHD 26
17790 OVERLOOK CIR $590,000 $498,750 3 3 3480 DETACHD 22
17 FALSTAFF ST $599,000 $580,000 4 3 2450 DETACHD 100
1413 OAK ST $600,000 $590,000 3 3 2424 DETACHD 23
1503 PINE ST $639,900 $597,515 5 3 2792 DETACHD 165
683 9th ST $575,000 $605,000 3 2 1396 DETACHD 4
16982 KARA LN $615,000 $620,000 4 2.1 2408 DETACHD 2
17720 OVERLOOK CIR $615,000 $620,000 4 2.1 3400 DETACHD 12
4004 MELISSA DR $709,900 $709,900 4 2.1 2865 DETACHD 8
127 FURNACE STb #127 $799,000 $800,000 2 2.1 1927 CONDO 1
282 GREENWOOD RD $890,000 $875,000 3 2.1 2530 DETACHD 16
4660 WILDWOOD ST $1,289,900 $1,275,000 4 4 3709 DETACHD 36

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 ~ Feb 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, February, 2018:
    • There were 2,530 New Listings in Feb 2018 which was up .4% from Feb of 2017’s 2,521, and UP  1.8% from Jan of 2018’s total of 2,486.
    • At 1,806, Feb Closed Sales were up 8.2% from Feb 2017’s 1,669, and 10% from the previous month/Jan 2018’s total of  1,628.
    • February’s Pending Sales (accepted offers), at 2,337 dropped 1.4% from Feb of 2017’s 2,369, and increased slightly at 1.1% from the previous month/Jan 2018’s total of 2,311 
    • The Average Sale Price in February of $441,900 was up $37,700 from February 2017’s $404,200, and also up from January 2018’s $436,400 by $5,500.   

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

  • North Portland:  $418,000              7.6%   (Jan 435,300)
  • NE Portland:  $462,400                   7.3%   (Jan 445,800)
  • SE Portland:  $418,700                   9.1%   (Jan 380,900)
  • Gresham/Troutdale:   $339,400   11.2%   (Jan 351,600)
  • Milwaukie/Clackamas:  $406,100  9.6%   (Jan 424,800)
  • Oregon City/Canby:   $381,200      6.2%   (Jan 408,600)
  • Lake Oswego/West Linn:$706,400 4.8%   (Jan 631,600)
  • West Portland:    $602,500             3.5%   (Jan 609,300)
  • NW Wash County:  $540,100          7.4%   (Jan 538,300)
  • Beaverton/Aloha:     $380,500        8.6%   (Jan 367,600)
  • Tigard/Wilsonville:   $443,600        6.7%   (Jan 428,400)
  • Hillsboro/Forest Grove: $384,600 10.1%   (Jan 390,300)

LAKE OSWEGO:

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

    •  296 Active Listings   (Jan 281)
    •  158 New Listings     (Jan 146)
    •  120 Pending Sales  (Jan 101)
    •   92 Closed Sales      (Jan 93)
    • Average Sale Price for Feb: $706,400  (Jan 631,600)
      • 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.
    • 107 Average Days on the Market   (Jan 93)
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Market Activity ~ March 5-11, 2018

Lots of activity, and of course we had… sunshine! You should have seen the hordes out in Lake Oswego for the Open Houses this weekend.

Last week 13 New properties entered the market in Lake Oswego, 34 moved to Pending status, and 10 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (March 5-11, 2018)

Address List Price # Beds # Baths Total SF Prop Type
3844 BOTTICELLI ST $289,000 2 1.1 1132 CONDO
5325 OAKRIDGE RD $419,900 4 2 1191 DETACHD
3827 BASS LN $589,000 4 2.1 2302 DETACHD
14 OTHELLO ST $649,000 4 2.1 2464 DETACHD
496 10TH ST $850,000 4 2 2854 DETACHD
15985 BONAIRE AVE $900,000 3 3 2910 DETACHD
17390 GRANDVIEW CT $915,000 4 4.2 4502 DETACHD
3940 Canal RD $1,050,000 4 3.1 3838 DETACHD
2643 RIVENDELL RD $1,100,000 5 3.1 3466 DETACHD
12975 SW ELK ROCK RD $1,279,000 5 3.1 4579 DETACHD
13310 FOX RUN $1,330,000 4 3.1 3741 DETACHD
18137 MEADOWLARK LN $1,399,000 4 4.1 5306 DETACHD
612 RIDGEWAY RD $2,798,000 4 4.1 4106 DETACHD

PENDING SALES (March 5-11, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #109 $195,000 2 2 989 CONDO 3
3433 MCNARY PKWY #405 $198,000 2 2.1 1208 CONDO 3
4 TOUCHSTONE #141 $210,000 2 2 979 CONDO 12
5056 FOOTHILLS DR C $332,750 2 2 1252 CONDO 30
825 OAK ST $449,000 3 2 1350 DETACHD 3
5861 BENFIELD CT $449,000 4 2 1557 DETACHD 11
18963 LONGFELLOW AVE $449,750 3 1.1 1239 DETACHD 201
200 BURNHAM RD #211 $450,000 3 2 1862 ATTACHD 6
4912 LOWER DR $475,000 3 2 1557 DETACHD 2
121 3RD ST #121 $499,000 2 2 1065 CONDO 5
40 NOVA CT $519,900 4 2.1 2308 DETACHD 15
19050 PILKINGTON RD $529,900 3 3 1991 DETACHD 250
559 SUNNY HILL DR $577,500 4 2.1 2234 DETACHD 129
5687 BONITA RD $589,900 3 2.1 2048 DETACHD 0
120 CONDOLEA DR $599,900 3 3 2958 ATTACHD 5
1503 PINE ST $600,000 5 3 2792 DETACHD 165
16982 KARA LN $615,000 4 2.1 2408 DETACHD 2
16 EL GRECO ST $639,000 4 2.1 2826 DETACHD 3
16834 CHERRY CREST AVE $649,900 4 2.1 2598 DETACHD 2
13602 PROVINCIAL HILL WAY $675,000 3 2.1 2420 DETACHD 6
3088 ROSEMARY LN $719,000 4 2.1 3233 DETACHD 23
4198 GLACIER LILY ST $724,900 4 3 2806 DETACHD 4
3106 ROSEMARY LN $729,900 3 2.1 2717 DETACHD 65
1691 HIGHLAND DR $799,900 4 2.2 3314 DETACHD 17
1 MOUNTAIN VIEW LN $800,000 4 2.1 3352 DETACHD 19
1130 OAK TER $949,000 4 2.1 3729 DETACHD 0
16860 CORTEZ CT $1,079,900 4 3.1 3322 DETACHD 0
3485 UPPER DR $1,121,000 4 2.1 3332 DETACHD 119
19354 LORNA LN $1,249,900 4 3.1 4169 DETACHD 356
2735 GLEN EAGLES RD $1,379,900 4 3.1 2938 DETACHD 35
14190 SUNDELEAF DR $1,399,000 4 4 3671 DETACHD 0
2230 WEMBLEY PARK RD $1,449,950 5 4.1 4597 DETACHD 216
149 PINE VALLEY RD $1,450,000 4 2.1 3220 DETACHD 6
951 WESTPOINT RD $3,865,000 6 4 4144 DETACHD 520

SOLD (March 5-11, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
45 OSWEGO SMT $196,875 $218,500 1 1 764 CONDO 13
17380 MARJORIE AVE $509,000 $519,000 4 2 1816 DETACHD 5
25 TOUCHSTONE $599,000 $600,000 4 3 2194 DETACHD 2
19 HIDALGO ST $725,000 $712,500 4 3.1 4500 DETACHD 11
17594 SHEPHERDS CT $825,000 $800,000 4 2.1 3001 DETACHD 26
1898 OAK KNOLL CT $850,000 $836,000 4 3 3102 DETACHD 184
625 CARRERA LN $998,000 $890,000 4 3.1 5288 DETACHD 76
4136 CASEY CT $999,000 $999,000 5 3.1 4070 DETACHD 1
2135 RIDGE POINTE DR $1,796,000 $1,580,000 5 4.2 6755 DETACHD 247
1103 LAKE SHORE RD $2,595,000 $2,330,000 3 3 3647 DETACHD 169

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 Feb 26-March 4, 2018

Last week in Lake Oswego there were 15 new listings that came onto the market, 25 that accepted contracts and went into pending status, and 22 sold/closed sales. I always look for what my take away is when I do this. What I noted this week is how many of the pending and sold properties had been on the market for more than 100 days. 11 of the 25 that went pending, and 8 of the 22 that closed. I think this continues to be a refection of the low inventory. After such extended market time sellers rarely get the asking price, but buyers also hate to haggle over price. With many of these houses selling, I think it indicates the buyers are ready to do some negotiating because the house may be over priced, but it remains a good option with so few houses for sale.

Following is the breakdown for you according to RMLS:

New on the Market (Feb 26-March 4, 2018)

Address Type Price BR Baths Sq Ft
58 Galen St Condo $164,000 1 1 689
3433 McNary Pkwy #405 Condo $198,000 2 2.5 1208
45 Eagle Crest Dr #510 Condo $250,000 1 1 780
16250 Pacific Hwy #76 Condo $360,000 3 2 1745
3912 Carman Dr Condo $399,900 3 2.5 1326
200 Burnham Rd #211 Condo $450,000 3 2 1862
121 3rd St Condo $499,000 2 2 1065
120 Condolea Dr Attached $599,900 3 3 2958
13602 Provincial Hill Way Detached $675,000 3 2.5 2420
14145 Redwood Ct Detached $675,000 4 3 2558
4198 Glacier Lily St Detached $724,900 4 3 2806
17668 Woodhurst Pl Detached $895,000 4 2.5 4281
19320 Lorna Ln Detached $1,199,000 4 3.5 4192
149 Pine Valley Rd Detached $1,450,000 4 2.5 3220
17442 Ridgeview Ln Detached $1,475,000 4 3.5+.5 5063

Pending Sales (Feb 26-March 4, 2018)

Address Type Price BR Baths Sq Ft CDOM
103 Oswego Summit Condo $199,900 2 1.5 1116 42
3433 McNary Pkwy #806 Condo $214,900 2 2.5 1136 203
4 Touchstone #130 Condo $215,000 2 2 984 5
4000 Carman Dr A11 Condo $249,900 2 2 869 18
3802 Botticelli St Condo $280,000 3 2 1224 26
18440 Carnegie Ave Detached $379,900 3 1.5 1182 267
466 5th St Condo $389,000 2 1.5 1092 71
47 Condolea Ct Condo $400,000 2 2.5 2157 1
4470 Golden Ln Condo $459,000 3 3.5 2102 3
1515 Cloverleaf Rd Detached $495,000 3 2.5 2206 7
1895 Greentree Rd Detached $549,500 4 3 2861 139
17790 Overlook Circle Detached $590,000 3 3 3480 22
17360 Hunter Ct Detached $645,900 4 2.5 3272 178
16977 Cherry Crest Dr Detached $649,900 4 2.5 3002 236
2401 Mayors Ln Detached $649,900 4 3 3004 1111
4729 Lakeview Blvd Detached $679,000 3 2.5 2551 75
13171 Sandalwood Ct Detached $685,000 4 2.5 3325 50
4745 Cambridge Ct Attached $699,900 2 2.5 3171 145
17110 Lowenberg Terr Detached $749,000 4 2.5 2732 145
4933 Lakeview Blvd Detached $996,000 4 3 3988 226
4591 Dogwood Dr Detached $1,100,000 4 3.5 4177 6
1144 Bayberry Rd Detached $1,449,000 5 3 3523 6
17104 Cedar Rd Detached $1,599,000 3 3 3345 163
13705 Knaus Rd Detached $1,848,000 4 3.5 5339 625

Sold/Closed (Feb 26-March 4, 2018)

Address Type List Price Sold Price Sq Ft CDOM
86 Kingsgate Rd C202 Condo $175,000 $225,000 924 39
5225 Jean Rd #313 Condo $270,000 $265,000 1,200 155
1776 Bonniebrae Dr Townhouse $331,000 $313,950 1,525 17
15494 Brianne Ct Attached $335,000 $336,500 1250 2
4000 Carman Dr #49 Condo $350,000 $360,000 1004 4
17755 Overlook Ln Detached $529,900 $404,000 3198 131
19241 Longfellow Ave Detached $439,900 $450,000 1188 3
16150 Lake Forest Blvd Detached $524,900 $527,000 2302 4
1601 Woodland Terrace Detached $609,900 $547,000 2594 126
780 Briercliff Ln Detached $599,900 $550,000 2502 97
21 Masaryk St Detached $615,000 $565,000 2773 80
1033 Spruce St Detached $575,000 $576,000 1623 6
17420 Schalit Way Detached $749,000 $675,000 2823 150
5925 Sunbrook Dr Detached $699,000 $690,000 3540 43
5693 Victoria Ct Detached $790,000 $690,000 3540 43
18336 Tamaway Dr Detached $745,000 $745,000 3372 6
803 Clara Ct Detached $769,000 $759,000 2857 54
17421 Brookhurst Dr Detached $779,000 $785,000 3756 10
18440 Delenka Ln Detached $799,900 $785,000 4668 234
13644 Melrose Pl Detached $869,000 $810,000 3564 154
19419 East Side Rd Detached $1,300,000 $1,190,000 4682 134
1316 Cedar St Detached $935,000 $825,000 3140 257

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 ~ Feb 19-25, 2018

Last week 15 New properties enter the market in Lake Oswego, 23 moved to Pending status, and 12 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Feb 19-25, 2018)

Address List Price # Beds # Baths Total SF Prop Type
330 CERVANTES CIR $199,900 2 1 832 CONDO
4 TOUCHSTONEb #141 $210,000 2 2 979 CONDO
750 1ST ST C14 $299,900 2 2 1350 CONDO
4053 JEFFERSON PKWY $299,900 2 2.1 1462 CONDO
5051 SW FOOTHILLS DR C $344,900 2 2 991 CONDO
5861 BENFIELD CT $449,000 4 2 1557 DETACHD
16043 KIMBALL ST $469,900 3 2 1433 DETACHD
1515 CLOVERLEAF RD $495,000 3 2.1 2206 DETACHD
1991 GREENTREE RD $639,000 4 3 2655 DETACHD
852 A AVE $768,000 4 2 2362 DETACHD
2325 OAKHURST LN $789,000 5 2.1 3627 DETACHD
808 TIMBERLINE DR $799,000 4 2.1 3276 DETACHD
4591 DOGWOOD DR $1,100,000 4 3.1 4177 DETACHD
1144 BAYBERRY RD $1,449,000 5 3 3523 DETACHD
3919 SOUTHSHORE BLVD $1,749,000 4 3.1 4150 DETACHD

PENDING SALES (Feb 19-25, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
33 OSWEGO SMT / Lower $165,000 1 1 764 CONDO 183
47 EAGLE CREST DR #11 $180,000 2 1 932 CONDO 7
200 BURNHAM RD #208 $235,000 2 2 1320 CONDO 195
668 MCVEY AVE #46 $259,900 2 1 863 CONDO 49
5225 JEAN RD #510 $274,900 2 2 1100 CONDO 2
93 KINGSGATE RD $410,000 3 2.1 1669 DETACHD 427
6030 SHAKESPEARE ST $429,900 3 1 1056 DETACHD 337
18966 LONGFELLOW AVE $449,950 3 2 1330 DETACHD 26
14 AQUINAS ST $499,000 3 3 2531 DETACHD 153
40 NOVA CT $519,900 4 2.1 2308 DETACHD 2
4909 LOWER DR $525,000 4 2.1 1992 DETACHD 5
528 2ND ST $530,000 2 2.1 1568 CONDO 50
18426 SANDPIPER WAY $535,000 4 3 1884 DETACHD 5
1503 PINE ST $600,000 5 3 2792 DETACHD 152
1413 OAK ST $600,000 3 3 2424 DETACHD 23
3665 OLSON CT $675,000 4 3 2517 DETACHD 82
17167 CEDAR RD $749,900 3 2 2673 DETACHD 108
830 LAKE FOREST DR $749,999 4 2 2517 DETACHD 199
127 FURNACE ST #127 $799,000 2 2.1 1927 CONDO 1
17594 SHEPHERDS CT $825,000 4 2.1 3001 DETACHD 26
4101 VIRGINIA WAY $859,900 4 2.2 3231 DETACHD 29
3305 CEDAR CT $1,098,000 4 3.1 3986 DETACHD 11
1103 LAKE SHORE RD $2,595,000 3 3 3647 DETACHD 169

SOLD (Feb 19-25, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY #75 $279,900 $199,900 3 2 1593 CONDO 162
570 S STATE ST / Grnd $239,500 $239,500 2 1 914 CONDO 2
5353 LAKEVIEW BLVD $295,000 $388,000 3 2 2598 DETACHD 13
16855 GASSNER LN $449,900 $432,500 4 2 2258 DETACHD 30
3220 DUNCAN DR $649,000 $635,000 4 2.1 3042 DETACHD 188
13366 AUBURN CT $639,900 $639,900 3 2.1 2492 ATTACHD 0
5545 KILCHURN AVE $660,000 $650,000 3 2 2559 DETACHD 18
3242 GLENMORRIE DR $979,900 $940,000 3 2.1 3146 DETACHD 88
1555 Country Commons $995,000 $971,091 4 2.1 4191 DETACHD 273
4288 SUNSET DR $1,249,900 $1,220,000 5 4.1 3601 DETACHD 135
1972 CHERYL CT $1,999,999 $1,830,000 4 4.1 6952 DETACHD 89
17475 BLUE HERON RD $2,995,000 $2,850,000 5 5.1 5787 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.

Posted on

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