Lake Oswego Real Estate Blog
I had to share this graphic. Look at the Portland Metro area. There are only 3 parts of the community that did not loose value in the last year: Tigard/Wilsonville and Lake Oswego/West Linn. And appreciation in LO/WL has been a healthy 5.9%. You should feel very good about choosing Lake Oswego as a place to live or to aspire to live. Not only is it a terrific community, but it’s a great investment.
I think last week, the week between Christmas and New Year’s, is probably the slowest week of the year for real estate activity. Yet, real estate still happens. In Lake Oswego there were 2 new listings, one of which sold quickly, and appears in this report as a pending sale. There were 3 pending sales, and, impressively, there were 10 closed sales.
The reason that real estate still happens, even on the slowest week of the year, is because life still happens. People get married, get new jobs, have babies, life goes on. There is literally no time of the year that isn’t a good time to buy a house or to sell a house.
See below for RMLS data.
| Address | Type | Price | Bedrooms | Baths | Sq Feet |
| 4 Touchstone #143 | Condo | $270,000 | 3 | 2.5 | 1350 |
| Address | Type | Price | Bedrooms | Baths | Sq Feet | DOM |
| 1621 Ash St | Detached | $699,900 | 3 | 2 | 1887 | 3 |
| 2348 Overlook Dr | Detached | $963,000 | 5 | 3 | 2567 | 83 |
| 4360 Westbay Rd | Detached | $1,245,000 | 4 | 3 | 2636 | 30 |
| Address | Type | List Price | Closed Price | Sq Feet | CDOM |
| 86 Kingsgate Rd #22 | Condo | $335,000 | $299,500 | 924 | 125 |
| 4621 Lakeview Blvd C3 | Condo | $329,900 | $331,500 | 1178 | 12 |
| 141 Touchstone Ct | Attached | $589,000 | $575,000 | 2066 | 90 |
| 16240 Parker Rd | Detached | $679,000 | $650,000 | 1454 | 269 |
| 5270 Red Leaf Rd | Detached | $700,000 | $670,000 | 1330 | 47 |
| 6050 Childs Rd | Detached | $900,000 | $850,000 | 2129 | 17 |
| 18368 Tamaway Dr | Detached | $1,150,000 | $1,130,000 | 3741 | 40 |
| 3324 Sabina Ct | Detached | $1,250,000 | $1,212,500 | 2550 | 7 |
| 4974 Cascara Ln | Detached | $1,285,000 | $1,285,000 | 3476 | 2 |
| 5309 Denton Dr | Detached | $1,620,000 | $1,465,000 | 3626 | 26 |
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.
Linda and I want to wish you and yours a very Happy New Year filled with success, health, happiness, and everything you are striving for in the months ahead.
Well, as we come right up on the end of the year, things are still moving right along for those of us involved in the life-changing activities of real estate! Yes, a little slowed down last week, but we have 2 homes entering the market, 4 moving into Pending status and 4 that Sold/Closed! Right now there are 106 properties available in Lake Oswego ranging from $250,000 to 2 at $11,500,000. I’m posting pics of those two on the high end below. Under that you’ll find the breakdown for last week per RMLS:
The property on the left is on Northshore Rd (.66 Ac/ 13,462SF), and the one on the right is on S Fielding Rd (2.95 Ac/ 19,444SF) on the Willamette.
NEW Dec 18-24, 2023
| Address | List Price | Beds | Baths | SF | Prop Type |
| 18017 TUALATA AVE | $595,500 | $3 | 2 | 1124 | DETACHD |
| 310 CHANDLER PL | $2,895,000 | $4 | 3.1 | 3866 | DETACHD |
PENDING Dec 18-24, 2023
| Address | List Price | Beds | Baths | SF | Prop Type | Days |
| 640 SOUTH SHORE BLVD | $675,000 | $3 | 2 | 2391 | DETACHD | 85 |
| 5453 WILLOW CT | $762,000 | $3 | 2.1 | 2446 | ATTACHD | 91 |
| 12 INDEPENDENCE AVE | $839,500 | $4 | 4 | 2994 | DETACHD | 23 |
| 6040 LAKEVIEW BLVD | $1,349,000 | $5 | 3 | 3701 | DETACHD | 10 |
SOLD Dec 18-24, 2023
| Address | Opening | Closed | Beds | Baths | SF | Prop Type | Days |
| 86 KINGSGATE RD #1202 | $298,000 | $285,000 | $2 | 2 | 849 | CONDO | 10 |
| 4 TOUCHSTONE #119 | $318,900 | $301,425 | $3 | 2.1 | 1351 | CONDO | 69 |
| 13349 HIDDEN BAY CT | $1,100,000 | $940,000 | $3 | 3 | 3012 | DETACHD | 7 |
| 2248 SUMMIT CT | $2,450,000 | $2,390,000 | $4 | 2 | 3024 | DETACHD | 100 |
On this Christmas Day, Dianne and I wish you and your loved ones a holiday filled with all the cozy things you associate with this time of year. In this big world, we are grateful for so many things, and we wish you more of exactly what fills your home with Joy. Happy Holidays and Merry Christmas to you!
While we are all looking forward to celebration of the holidays, it’s not too early to start figuring out how to recycle your Christmas tree, if you have one to recycle.
Republic Services allows trees to be recycled in the normal curbside collection via your yard debris. Please remember that the tree must fit completely within the bin, and that may mean that you need to cut it up. They also offer tree pick up, for a fee, if you do not have yard debris collection as part of your normal service. You can call them at 503-636-3011, to make arrangements.
Local Scout Troop 221 will be recycling Christmas trees and wreaths between 9 a.m. and 4 p.m. on Saturday, January 6 and Sunday, January 7. The drive-up recycling service will be located at the Mountain Park Church overflow parking lot (SW Jefferson Ave. & SW McNary Pkwy). The suggested donation is $12 per tree, $10 for wreath, and $15 for pick up in area codes 97219, 97034, 97035. Flocked trees are not accepted. This troop chips and mulches on site to help beautify the neighborhood. To schedule pick up, visit http://www.bsatroop221.us
Local Lake Oswego Girl Scout Troop 40343 will be recycling trees and wreaths from 9 a.m. to 4 p.m. at the upper parking lot of George Rogers on the following dates: December 29, 30, 31 and January 1, 6, 7. Suggested starting donation is $20. If you have any questions, please email troop40343@gmail.com(link sends e-mail)
Lake Osweg Scout Troop 555 will be recycling Christmas trees and wreaths between 9 a.m. and 4 p.m. on Saturday, January 6, and Sunday, January 7. The drive up recycling service will be in the Yakima parking lot at 4101 Kruse Way in Lake Oswego. The suggested donation is $10 per tree and $8 per wreath. For questions, please email Keith Morris, Scoutmaster, at kpmorris@centurylink.net
They also make for a very nice fire in outdoor fireplaces, which is what my husband and I will be doing.
Happy Holidays!
Dianne
Last week in Lake Oswego 6 new listings came onto the market, one of which sold quickly and appears in this report as a pending sale. 9 properties accepted offers and moved to pending status. 9 properties sold/closed so that 9 families could move in before Christmas.
See below for RMLS data.
| Address | Type | Price | Bedrooms | Baths | Sq Feet |
| 3433 McNary Pkwy #407 | Condo | $275,000 | 2 | 2 | 1008 |
| 869 10th St | Detached | $849,900 | 2 | 1 | 1220 |
| 6040 Lakeview Blvd | Detached | $1,349,000 | 5 | 3 | 3701 |
| 5320 Childs Rd | Detached | $2,100,000 | 6 | 3 | 4765 |
| 2121 Wembley Park Rd | Detached | $2,999,900 | 5 | 5.5 | 5025 |
| Address | Type | Price | Bedrooms | Baths | Sq Feet | DOM |
| 4 Touchstone #128 | Condo | $250,000 | 3 | 2.5 | 1350 | 18 |
| 11 Oswego #11 | Condo | $314,800 | 2 | 2 | 1241 | 26 |
| 4089 Jefferson Pkwy | Condo | $384,900 | 2 | 2.5 | 1361 | 140 |
| 2031 Bonniebrae Dr | Attached | $479,000 | 3 | 2 | 1611 | 119 |
| 16237 Lake Forest Blvd | Detached | $525,000 | 3 | 1 | 1132 | 8 |
| 6 The Grotto | Detached | $550,000 | 3 | 2 | 1381 | 9 |
| 16211 Inverurie Rd | Detached | $699,900 | 3 | 2.5 | 1819 | 2 |
| 4740 Lamont Ct | Detached | $799,900 | 3 | 2 | 1776 | 52 |
| 12 Independence Ave | Detached | $839,500 | 4 | 4 | 2992 | 16 |
| Address | Type | List Price | Sold Price | Sq Feet | CDOM |
| 45 Eagle Crest Dr #402 | Condo | $279,000 | $220,000 | 768 | 71 |
| 159 Oswego Summit | Condo | $395,000 | $320,000 | 1506 | 218 |
| 16131 Lindsay Ct | Detached | $680,000 | $680,000 | 1832 | 28 |
| 2979 Dellwood Dr | Detached | $939,000 | $750,000 | 3216 | 144 |
| 13990 Shireva Ct | Detached | $789,000 | $755,000 | 1702 | 19 |
| 1 Creekside Terr | Detached | $1,185,000 | $1,040,000 | 4230 | 42 |
| 4904 Parkhill St | Detached | $1,195,000 | $1,200,000 | 3433 | 7 |
| 17393 Grandview Ct | Detached | $1,275,000 | $1,243,548 | 3772 | 4 |
| 1120 Crestline Ct | Detached | $4,950,000 | $4,350,000 | 6440 | 101 |
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.
Here is your breakdown from the previous month for Portland and surrounding areas including LO broken out at the bottom~
Overview/Fluctuations ~ November 2023 Market Data:
This time of year Inventory tends to go up a bit, but it’s notable that this is the most Inventory we’ve seen in November since 2013. I just sat in on an annual presentation of forward projections for the coming year, and the experts participating, which included Lawrence Yun, Chief Economist for NAR, expect rates to drop several times and land around 5.75% by July. There is a lot of pent-up desire to sell among people who have been waiting for rates to drop a bit, and of course plenty of pent-up demand in Home-Buyers waiting for the same. For this reason, it is expected that we will see increasing activity starting in the spring & building as the year progresses.
Rates: “Rates have stabilized in the high sixes and I expect more good news going forward.” Gary Boyer, Regional VP, Directors Mortgage
According to the RMLS Market Action Report for the Portland Metro Area November 2023:
NEIGHBORHOODS:
LAKE OSWEGO: (Nov ’23)
199 Active Listings (Oct 248)
75 New Listings (Oct 98)
73 Pending Sales (Oct 85)
81 Closed Sales (Oct 85)
Average Sale Price for Nov: $1,068,800 (Oct $954,500)
NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month. Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
68 Days on the Market (Oct 47)
The data listed above is as reported by the Regional Multiple Listing Service (RMLS)
Last week Lake Oswego had 3 New Listings, 5 moving to Pending/Accepted Offer status, and 10 that Closed/Sold. We like your info to be accurate and therefore try to remove properties that are not really “new” on the market, but rather “refreshed” and often with no other change than the ML#. It’s interesting to me that while we had 3 truly “New” properties entering the market, there were 5 that fell into the “not truly new on the market” category, and here is the breakdown:
Most of the time people decide to change their representation, there is a dramatic lowering of price accompanying that decision. I will say that, anecdotally, lowering the price is very often something they were advised to do by their original Agent, while of course there can sometimes just be a desire for a change for a variety of reasons. I have no personal knowledge of any of these situations, and am of course not making any assertions here in any way in that regard. I just find this particular array interesting.
In the interest of giving you some data on newly reduced and refreshed listings (changes outlined in the same order above), I’ll make a holiday exception : ) These are the 5:
| Address | List Price | Beds | Baths | SF | Prop Type |
| 4316 BOTTICELLI ST | $485,000 | $2 | 2.1 | 2098 | CONDO |
| 6 THE GROTTO | $550,000 | $3 | 2 | 1381 | DETACHD |
| 5 PHEASANT RUN | $649,000 | $3 | 2 | 1420 | DETACHD |
| 5453 WILLOW CT | $762,000 | $3 | 2.1 | 2446 | ATTACHD |
| 3520 LAKE GROVE AVE | $2,598,000 | $4 | 3.1 | 3624 | DETACHD |
Right now there are 124 properties available in Lake Oswego ranging from $250,000 to $11,500,000. Here is the breakdown according to RMLS:
NEW Dec 4-10, 2023
| Address | List Price | Beds | Baths | SF | Prop Type |
| 16237 LAKE FOREST BLVD | $525,000 | $3 | 1 | 1132 | DETACHD |
| 15 BRITTEN CT | $619,900 | $3 | 2.1 | 1973 | ATTACHD |
| 3857 Carman DR | $1,095,000 | $3 | 2.1 | 2531 | DETACHD |
PENDING Dec 4-10, 2023
| Address | List Price | Beds | Baths | SF | Prop Type | Days |
| 4 TOUCHSTONE #119 | $318,900 | $3 | 2.1 | 1351 | CONDO | 7 |
| 1724 OAK ST | $870,000 | $3 | 2 | 2689 | DETACHD | 17 |
| 3853 Carman DR | $1,075,000 | $3 | 2.1 | 2531 | DETACHD | 5 |
| 3324 SABINA CT | $1,250,000 | $3 | 2.1 | 2550 | DETACHD | 7 |
| 17312 BERGIS FARM DR | $1,999,000 | $4 | 4.2 | 4804 | DETACHD | 39 |
SOLD Dec 4-10, 2023
| Address | Opening | Closed | Beds | Baths | SF | Prop Type | Days |
| 45 EAGLE CREST DR #506 | $199,900 | $183,550 | $1 | 1 | 600 | CONDO | 44 |
| 45 EAGLE CREST DR #208 | $219,900 | $219,900 | $2 | 2 | 1046 | CONDO | 14 |
| 5053 FOOTHILLS DR, A | $445,000 | $425,000 | $3 | 2 | 1252 | CONDO | 19 |
| 3672 SPRING LN / Upper | $439,900 | $440,000 | $2 | 2 | 1117 | CONDO | 49 |
| 1525 IVY CT | $875,000 | $670,000 | $4 | 2.1 | 2163 | DETACHD | 116 |
| 8 HOTSPUR ST | $865,000 | $779,999 | $3 | 2.1 | 1966 | DETACHD | 54 |
| 16020 KIMBALL ST | $974,500 | $900,000 | $5 | 3.1 | 2426 | DETACHD | 42 |
| 1177 C AVE | $1,100,000 | $950,000 | $3 | 2 | 1957 | DETACHD | 34 |
| 5330 CARMAN GROVE LN | $1,100,000 | $985,000 | $3 | 2.1 | 2493 | DETACHD | 43 |
| 2020 WEMBLEY PARK RD | $1,078,000 | $1,050,000 | $3 | 2 | 1712 | DETACHD | 369 |
The Arts Council of Lake Oswego has set up a holiday market place where you will find beautiful arts and crafts for sale. Ceramics, jewelry, ornaments, cards, candles, soaps, textiles and more can be found at the ARTspace, 380 A Avenue, Suite A. Hours are Tuesday thru Friday from 10 to 5.
There are 28 artists participating, with 2 featured artists. Janl Pahl does encaustic paintings that capture the beauty of the natural world. LeBrie Rich is a felt artist. She has created felting kits that make it easy for anyone to explore the art of felting.
The Holiday Market Place runs through December 23rd.
Another option is participating in the Holiday Savings Pass. Sponsored by the Lake Oswego and West Linn Business Recovery Center and the local Chambers, the Wander Willamette’s mobile BE LOCAL Holiday Savings Pass can be picked up at www.wanderwillamette.com/holidaypass. Simply check in and start enjoying savings at local businesses.
What a great way to support the local community by spending your holiday dollars right in your own neighborhood.
As always, thank you for reading the blotter.
Dianne