Property Blotter

September 1, 2024September 1, 2024

Emergency Preparedness Fair

Mark your calendars for Thursday, September 5th, 5 to 7pm. This free event is designed to help you and your family be prepared for emergency events such as earthquakes, floods, winter storms, and other disasters. As far off as these sorts of events may seem. They do happen.

My family and I went through a terrible winter storm last January. Our house lost power for 5 days when temperatures were a low a 16 degrees and didn’t get above freezing for 3 days straight. It was tough, but we got through it while remaining in our home to safeguard it from freezing pipes and to care for our pets. With proper equipment, we did fine.

This week’s Emergency Preparedness Fair will feature 20 booths plus programs and activities. This year will include The Big Shaker, the world’s largest mobile earthquake simulator. The Pacific Northwest is overdue for “the big one”. The area has a history of magnitude 9 earthquakes. It has happened here, and it will again.

Now is the time to think about and plan for these events. This is a great opportunity to prepare yourself and your family. The event will take place at city hall, 380 A Avenue.

Dianne

August 29, 2024

Market Activity August 19-25, 2024

As I have observed several times this summer, the real estate market in Lake Oswego remains very balanced with nearly equal numbers of properties entering the market as are selling. It’s a good time to both buy and to sell.

Last week in Lake Oswego we had 16 new listings come onto the market, 15 properties that accepted offers and went pending, and 14 closed sales.

See below for RMLS data.

New on the Market August 19-25, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet
100 Kerr Pkwy #8	Condo	$182,950	1	1	617
3433 McNary Pkwy 3303	Condo	$299,500	2	2.5	1208
280 Cervantes	Condo	$395,000	2	2	1050
17681 Leafy Ln	Detached	$775,000	5	3	2242
12850 Alto Park Rd	Detached	$799,900	2	1.5	1147
16061 Waluga Dr	Detached	$799,900	1	1	676
4513 Oakridge Rd	Attached	$829,900	3	2.5	1974
18790 Bryant Rd	Detached	$875,000	3	2.5	2489
17701 Overlook Cir	Detached	$999,000	5	3	2864
18894 Bryant Rd	Detached	$1,249,000	4	4.5	4302
15468 Boones Way	Attached	$1,295,000	4	2.5	2401
990 Lund St	Detached	$1,695,000	4	3.5	3115
768 7th St	Detached	$1,895,000	3	3.5	2921
429 6th St	Detached	$1,895,000	4	2.5	3205
14400 Uplands Dr	Detached	$2,198,000	3	2.5	4267
13581 Goodall Rd	Detached	$3,450,000	4	4.5	5141

Pending Sales August 19-25, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
86 Kingsgate Rd C-201	Condo	$345,000	2	2	938	4
1784 Bonniebrae Dr	Attached	$495,000	2	1.5	1393	11
12886 Boones Ferry Rd	Condo	$499,900	2	2.5	1182	11
5170 Lakeview Blvd	Detached	$695,000	3	2	1771	46
710 Timberline Dr	Detached	$775,000	4	3	2642	81
1419 Hemlock St	Detached	$799,000	5	3	2520	17
1620 Oak St	Detached	$950,000	3	2	2152	3
137 Furnace St	Condo	$1,595,000	3	2	1927	76
2120 Glenmorrie Dr	Detached	$1,699,000	4	3.5	4293	60
16337 Chapin Way	Detached	$2,095,000	5	4.5	5115	156
4688 Upper Dr	Detached	$2,150,000	4	3.5	3962	26
1515 Cherry Ln	Detached	$2,150,000	5	4.5	5719	83
535 Middlecrest Rd	Detached	$2,198,000	3	2.5+.5	2872	14
18015 Cardinal Dr	Detached	$3,674,900	4	3.5+.5	4119	201
1750 Northshore Rd	Detached	$4,750,000	3	2.5	3302	76

Sold/Closed August 19-25, 2024

Address	Type	List Price	Sold Price	Sq Feet	CDOM
45 Eagle Crest Dr $422	Condo	$295,000	$265,000	1348	69
4438 Thunder Vista Ln	Condo	$453,000	$370,525	2040	107
102 Oswego Summit	Condo	$375,000	$375,000	1506	1
5 Bloch Ter	Attached	$599,000	$564,000	1971	57
5314 Tualata Ct	Detached	$815,000	$785,000	24444	6
16849 Lakeridge Dr	Detached	$875,000	$815,000	2208	53
17654 Cardinal Dr	Detached	$1,195,000	$870,000	2042	150
20 Othello St	Detached	$950,000	$942,000	2160	19
16792 Quail Ct	Detached	$1,275,000	$1,237,000	3222	27
139 Del Prado St	Detached	$1,615,000	$1,325,000	2935	150
14360 Amberwood Cir	Detached	$1,250,000	$1,365,000	2845	2
16915 Greentree Ave	Detached	$1,499,950	$1,425,000	2791	34
469 7th St	Detached	$1,875,000	$1,595,000	4350	149
529 8th St	Detached	$2,400,000	$2,275,000	3569	246

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.

August 25, 2024September 22, 2024

Portland Area July 2024 Stats + LO

Here is your breakdown from the previous month/July for Portland and surrounding areas including LO broken out at the bottom. ***Be sure to check out the Neighborhood Report which categorizes down into smaller pieces.

July typically slows as folks are out of town on vacation and picks back up again in mid August. Average Sale Prices during the month of July in most all areas of Portland took a dip as homeowners competed for a smaller pool of Buyers, and Median Sale Prices (middle range-point) stayed essentially the same. Inventory is inching up, and people are generally anticipating the lowering of rates to come, when I expect more to be willing to part with their current home & move on to their next adventure.

Rates: “Good news on the inflation front is supporting the Fed cutting rates soon. Right now 30-year fixed rates are in the mid 6% range. Gary Boyer, Regional VP, Gold Star Mortgage Financial

According to the RMLS Market Action Report for the Portland Metro Area July 2024:

There were 2,905 New Listings in July which is up 0.2% from 2,899 in July 2023 and down 4.6% from the 3,044 in the previous month/June.
At 2,075 July 2024’s Closed Sales (Solds) are up 8.5% from July 2023’s 1,912 and down 0.3% from the previous month’s total of 2,081.
At 2,191 July 2024’s Pending Sales (Accepted Offers) increased 2.1% from July 2023’s 2,145, and decreased 1.2% from the previous month/June’s total of 2,217.
The Average Sale Price for July 2024 of, $622,900 is up$2,500. from last year/July 2023’s $620,400, and down $13,300 from the previous month/June’s $636,200.
The “Median Sale Price (the price smack dab in the middle of all sales) in July 2024 of $550,000 is basically the same as July 2023’s $549,900, & down $15,000 from June’s $565,000

LAKE OSWEGO: (Month of July ’24)

337 Active Listings (Jun 316)
169 New Listings (Jun 173)
116 Pending Sales (Jun 107)
104 Closed Sales (Jun 98)
Average Sale Price for June: $1,156,200 (Jun $1.031,600)
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.
74 Days on the Market (Jun 48)

The data listed above is as reported by the Regional Multiple Listing Service (RMLS)

August 23, 2024August 24, 2024

Market Activity ~ Aug 12-18, 2024

Last week Lake Oswego logged 14 properties entering the market (New), 11 moving to Pending status, and 16 that Sold/Closed. Right now there are 230 homes available ranging from $182,950 to $7,998,000.

Here is the breakdown:

NEW Aug 12-18, 2024

Address	List Price	Beds	Baths	SF	Prop Type
4000 CARMAN DR, A4	$300,000	1	1	836	CONDO
86 KINGSGATE RD, C 201	$345,000	2	2	938	CONDO
4652 LOWER DR	$395,000	2	1.1	1170	ATTACHD
200 BURNHAM RD, #103	$425,000	1	1	765	CONDO
1784 BONNIEBRAE DR	$495,000	2	1.1	1393	ATTACHD
32 NOVA CT	$649,900	4	2.1	2190	DETACHD
54 AQUINAS ST	$899,000	4	2.1	2774	DETACHD
1620 Oak ST	$950,000	3	2	2152	DETACHD
1571 BAY VIEW LN	$1,299,000	3	2.1	2854	DETACHD
4874 SAGE HEN CIR	$1,300,000	4	2.1	2813	DETACHD
554 4TH ST	$1,575,000	4	4.2	3376	ATTACHD
18703 BRYANT RD	$2,364,900	4	4	4291	DETACHD
4540 DOGWOOD DR	$2,500,000	5	4	5535	DETACHD
1814 HIGHLANDS LOOP	$2,695,000	3	4.1	5635	DETACHD

PENDING Aug 12-18, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
90 GALEN ST / Upper	$219,900	1	1	552	CONDO	20
220 CERVANTES, C	$329,500	2	2	1378	CONDO	17
668 MCVEY AVE, #14	$395,000	1	1	636	CONDO	181
2818 POPLAR WAY	$575,000	3	1	1056	DETACHD	199
5320 CHINOOK CT	$575,000	3	1.1	1008	DETACHD	22
32 NOVA CT	$649,900	4	2.1	2190	DETACHD	1
18421 INDIAN CREEK DR	$748,000	3	2	1836	DETACHD	13
4991 Centerwood ST	$1,025,000	4	2.1	2433	DETACHD	48
32 INDEPENDENCE AVE	$1,300,000	4	3.1	3277	DETACHD	46
2260 SUMMIT CT	$2,995,000	5	4.1	3797	DETACHD	390
13600 GOODALL RD	$3,299,900	6	6.1	6612	DETACHD	47

SOLD/CLOSED Aug 12-18, 2024

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE, #114	$285,000	$290,000	2	2	993	CONDO	7
75 GALEN ST / Grnd	$303,000	$305,000	2	2	989	CONDO	71
4 TOUCHSTONE, #90	$305,000	$305,000	3	2.1	1351	CONDO	23
3818 BOTTICELLI ST	$350,000	$350,000	3	2	1259	CONDO	17
1652 BONNIEBRAE DR	$485,000	$485,000	3	1.1	1303	ATTACHD	19
16441 Bonaire AVE	$865,000	$825,000	4	2	1677	DETACHD	6
5081 GREENSBOROUGH CT	$925,000	$825,000	4	2.1	2142	DETACHD	71
91 TANGLEWOOD DR	$925,000	$830,000	3	2.2	3046	DETACHD	39
875 PALISADES TERRACE DR	$929,500	$835,000	4	3	2181	DETACHD	270
3265 DUNCAN DR	$950,000	$955,000	3	3.1	2136	DETACHD	2
15713 TARA PL	$975,000	$975,000	4	2.1	3442	DETACHD	3
4500 WEST RD	$1,179,000	$1,135,000	4	2.1	2479	DETACHD	54
4233 CHAD DR	$1,390,000	$1,249,000	3	3	3403	DETACHD	18
17200 CANAL CIR	$1,379,000	$1,390,000	3	2	1866	DETACHD	3
2464 PALISADES CREST DR	$1,450,000	$1,425,000	5	3.1	4012	DETACHD	43
18347 LOTHLORIEN WAY	$1,700,000	$1,650,000	5	3.2	3950	DETACHD	17

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 (***We’ve used “Days” in each category for ease of understanding) .

August 19, 2024August 19, 2024

Nothing So Certain As Change

If you are paying attention to the headlines, you know that a big change happened in the Real Estate industry that went into effect last Saturday. It was the culmination of a lawsuit brought by the Department of Justice against the National Association of Realtors and several of the largest National Real Estate Brokerages.

The gist of the lawsuit was that the traditional method of agents who represent buyers to be paid resulted from the listing contract between the listing agent and the seller of a home. The Department of Justice determined that this was price fixing because it excluded the buyer from having any influence on the commission that their agent was paid. The courts agreed and in May a fine of 418 million dollars was imposed upon the defendants.

How does this affect you? It’s going to have a big impact when you buy or sell a home.

When you sell a home, your Realtor can not provide any information in the Multiple Listing Service that indicates whether or not you are willing to pay the buyer’s agent commission. I suppose that means that you could benefit because you only need to agree to pay your Realtor that you have hired to sell your property. Sounds pretty good, right? However you need to consider the situation that most buyers are in. They’re the folks who have to have enough money to pay their down payment and their closing costs. That is a big sum of money. Most buyers are pushing themselves financially to come up with these funds. As a seller, you are likely enjoying years of equity that has built up in your home. At the time of selling, you will be flush with cash, in most cases. Paying the buyer’s agent commission is likely more affordable for the seller than it is for the buyer.

As a buyer, you will have to enter into a contract with your buyer’s agent in which you agree to pay your Realtor. Being a Realtor is not a charity situation. Realtors need to know that they will be paid. If a seller declines to pay the buyer’s agent, the buyer will need to do so. So be prepared to financially plan to pay a buyer’s agent commission. That commission is negotiable and is between you and your Realtor.

From my perspective, I think that this new law will be very hard on buyers: particularly first time home buyers. That entry level market is already the most competitive and the most likely to involve multiple offers. The typical first time buyer is putting down a very small down payment. That already bodes badly for them when they are competing against investors who have large down payments or all cash. Now imagine that the seller has several offers and they are determining which brings them the most benefit. Are they going to go with the offer with a small down payment who also asks them to pay the buyer side commission? Nope. Not when there is an offer that not only has more cash on the table but also doesn’t ask them to pay an extra commission.

Last, I want to mention that it is now against the law for a Realtor who is not representing the seller to show a houses to a buyer without a Buyer Broker Compensation Agreement. So if you are casually calling around and asking Realtors to show you houses, you are going to have to have a signed contract to get into any house that the Realtor is not the listing agent for.

There really is nothing so certain as change. We will all get used to working with these new rules. I do like that it puts the buyer side commission right up front and creates an honest conversation. I also think it is not good for entry level buyers, but we will figure this out. We can do it.

Dianne

August 18, 2024

Market Activity August 5-11, 2024

We really are in the dog days of summer. Rush hour is unusually light on the freeways, the weather has been perfect, it just feels like folks are enjoying vacationing and the languid days before school starts. This is reflected in last week’s real estate activity. Lake Oswego had 13 new listings, one of which sold quickly and appears in this report as a pending sale. 17 properties went into pending status, and there were 9 closed sales. Good numbers showing on-going real estate activity, but a bit down from recent previous weeks.

See below for RMLS data.

New on the Market August 5-11, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet
12 Cervantes Cir	Condo	$325,000	2	1.5	912
12886 Boones Ferry Rd	Condo	$499,900	2	2.5	1182
16538 Carnegia Ave	Detached	$589,900	3	1.5	1189
5271 Chinook Ct	Detached	$675,000	3	2	1390
4661 Trillium Woods	Attached	$925,000	3	2.5	2265
782 Sunny Hill Dr	Detached	$1,145,000	3	2	2012
5982 Harrington Ave	Detached	$1,199,000	3	3	3106
3037 Tolkien Ln	Detached	$1,350,000	4	3	3159
570 Middlecrest Rd	Detached	$1,685,000	3	2	2213
2065 Lilli Ln	Detached	$1,750,000	6	3.5	4457
535 Middlecrest Rd	Detached	$2,325,000	3	2.5+.5	2872
17575 Crestline Dr	Detached	$3,975,000	5	4.5+.5	7240

Pending Sales August 5-11, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
47 Eagle Crest Dr #20	Condo	$297,000	2	1	1009	23
4438 Thunder Vista Ln	Condo	$400,000	2	2.5	2040	107
121 Leonard St C	Condo	$485,000	3	2	1413	25
4421 Upper Dr	Detached	$639,000	3	1.5	1176	2
127 Ash St	Detached	$650,000	5	2.5	3211	142
5215 Bonita Rd	Detached	$803,000	3	2	1761	67
5314 Tualata Ct	Detached	$815,000	3	2.5	2444	6
5379 Greystoke Dr	Detached	$830,000	3	2	1917	6
17900 Westview Dr	Detached	$875,000	3	2	1960	87
3060 Glenmorrie Dr	Detached	$1,475,000	3	2	4183	68
16915 Greentree Ave	Detached	$1,499,950	3	3	2791	34
469 7th St	Detached	$1,595,000	4	3.5	4350	149
16873 Canyon Dr	Detached	$2,250,000	5	4	3789	42
16337 Chapin Way	Detached	$2,295,000	5	4.5	5115	137
2430 Summit Ct	Detached	$3,249,000	3	3	3035	128
1551 Lake Front Rd	Detached	$3,850,000	5	3.5	3519	45
17227 Canal Cir	Detached	$3,950,000	5	4.5	4720	59

Sold/Closed August 5-11, 2024

Address	Type	List Price	Closed Price	SQ Feet	CDOM
5057 Foothillls Dr #B	Condo	$469,000	$395,000	1252	64
18308 Pilkington Rd	Detached	$595,000	$545,000	1511	30
57 Condolea Ter	Condo	$675,000	$725,000	2172	2
19428 River Run Dr	Detached	$1,075,000	$975,815	2918	44
3899 Tamarack Ln	Detached	$950,000	$980,000	2743	3
15930 Twin Fir Rd	Detached	$1,250,000	$1,220,000	2463	17
13546 Peters Rd	Detached	$1,200,000	$1,272,000	3036	3
13707 Fielding Rd	Detached	$1,550,000	$1,380,000	3277	93
361 10th St	Detached	$2,949,900	$2,733,000	3710	140

August 11, 2024August 12, 2024

This Week in Lake Oswego

Here are my picks for what to do this coming week in Lake Oswego:

August 12, 2024 – 1:00-2:00 PM ~ Conversational Spanish Group ( Repeats on Mondays )- Come and join the conversational Spanish group and practice your language skills. ACC, 505 G Ave, Lake Oswego CLICK HERE

Tues, August 13, 2024 – 2:30-4:30 PM ~ Slow Jam ( Repeats Tuesdays ) – Come & enjoy playing music with others! Bring your instrument and make some musical friends.. – ACC, 505 G Avenue Lake Oswego More Info: CLICK HERE

Wed, August 14, 2023 – 6:30-8:30 PM ~ Beat Division ~ Wednesday Series~ Concert in the park!!! Come prepared to dance to the very best New Wave and Post-Punk-era tunes from Duran Duran, The Cure, INXS, Psychedelic Furs, Billy Idol, Echo & The Bunnymen and more! ~ Westlake Park, 14165 Bunick Drive ~ More Info : CLICK HERE

Thurs, August 15, 2023 – 7:00 PM ~LOPL Trivia! (Online) ~ Join your hosts, Jamie and Carissa for some good old fashioned brain games! Email in your trivia questions and show up for some fun! maybe you’ll win a Powell’s gift card : ) Sponsored by Lake Oswego Public Library – More Info: CLICK HERE

Fri, August 16, 2023 – 10:00-11:30 AM ~ Friday Discussion Group ~ Come join other involved & interested people for this monthly group exchanging ideas. Learn more in the link! ACC, 505 G Avenue Lake Oswego ~ More Info: CLICK HERE

Sat, August 17, 2023 – 8:30AM-1:30 PM – Lake Oswego Farmers Market!~ Wander through all the produce and artisan booths while listening to live music (10:30-12:30). This Farmers Market experience is not to be missed…if you’re looking for it you’ll find it here~ superior produce, meats, seafood, nuts, cheeses, artisan baked goods, jams, jellies, salsas, hummus, nursery items, hot foods, artisan crafts and more! ~ Millennium Plaza Park, 200 1st St, Lake Oswego~ More Info: CLICK HERE

August 10, 2024August 10, 2024

Market Activity ~ July 29- Aug 4, 2024

Last week Lake Oswego had 23 properties enter the market, 13 move to Pending status and 12 that Sold/Closed. Right now there are 227 properties available ranging from $200,000 to $7,998,000.

Here is the breakdown:

NEW July 29-Aug 4, 2024

Address	List Price	Beds	Baths	SF	Prop Type
101 OSWEGO / Main	$309,000	2	2	1212	CONDO
422 S STATE ST	$425,000	2	1	1659	CONDO
3916 CARMAN DR	$449,900	2	2.1	1278	CONDO
16625 ASTOR AVE	$575,000	3	2	1519	DETACHD
18421 INDIAN CREEK DR	$748,000	3	2	1836	DETACHD
5376 ROSEWOOD ST	$765,000	3	2.1	2483	ATTACHD
5314 TUALATA CT	$815,000	3	2.1	2444	DETACHD
5379 GREYSTOKE DR	$830,000	3	2	1917	DETACHD
1419 HEMLOCK ST	$850,000	5	3	2520	DETACHD
4664 Firwood RD	$865,000	3	2	1552	DETACHD
1795 OAK ST	$950,000	4	3.1	3632	DETACHD
14 HOTSPUR ST	$970,000	4	2.1	2776	DETACHD
1471 GREENTREE CIR	$1,015,000	4	2.1	2128	DETACHD
1928 PALISADES TERRACE DR	$1,195,000	5	5.1	4337	DETACHD
762 9TH ST	$1,195,000	2	2	1251	DETACHD
4487 WESTBAY RD	$1,200,000	3	2	1869	DETACHD
4224 HAVEN ST	$1,299,950	3	2	2752	DETACHD
1830 CLOVERLEAF RD	$1,327,500	3	2.1	1879	DETACHD
6080 BURMA RD	$1,400,000	3	2	2134	DETACHD
1699 VILLAGE PARK LN	$1,499,000	3	2.2	3085	DETACHD
4688 UPPER DR	$2,150,000	4	3.1	3962	DETACHD
17787 KELOK RD	$2,275,000	3	2	3083	DETACHD
16819 ALLEN RD	$7,950,000	4	3.1	4882	DETACHD

PENDING July 29-Aug 4, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
61 GALEN RD / Ground	$189,000	1	1	552	CONDO	48
75 GALEN ST / Ground	$299,900	2	2	989	CONDO	71
4490 LAKEVIEW BLVD	$699,900	3	2	1727	DETACHD	108
668 MCVEY AVE #58	$739,000	3	1.1	992	CONDO	137
2405 Knaus RD	$750,000	3	2	1685	DETACHD	44
20 OTHELLO ST	$950,000	3	2.1	2160	DETACHD	19
4500 WEST RD	$1,149,000	4	2.1	2479	DETACHD	54
4487 WESTBAY RD	$1,200,000	3	2	1869	DETACHD	0
5831 SUNCREEK DR	$1,200,000	4	2.1	2865	DETACHD	4
5675 MERIDIAN CT	$1,400,000	4	3.1	3075	DETACHD	2
23 HILLSHIRE DR	$1,495,000	4	3.1	4360	DETACHD	118
17787 KELOK RD	$2,275,000	3	2	3083	DETACHD	3
1237 LAKE FRONT RD	$2,795,000	3	3	3378	DETACHD	20

SOLD/CLOSED July 29-Aug 4, 2024

Address	Open	Closed	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE #62	$325,000	$295,000	3	2.1	1351	CONDO	72
570 S STATE ST / Main	$340,000	$325,000	2	1	914	CONDO	7
220 RIDGEWAY RD / Upper	$350,000	$345,000	2	1	914	CONDO	15
2 MOUNTAIN CIR	$539,900	$552,000	2	1.1	1372	ATTACHD	15
236 GREENRIDGE DR	$615,000	$607,000	3	2	1492	ATTACHD	0
17615 SYDNI CT	$819,900	$799,900	4	2.1	2651	ATTACHD	32
14300 CAMDEN LN	$975,000	$975,000	4	2.1	2310	DETACHD	8
5802 RIDGETOP CT	$1,090,000	$1,084,700	4	2.1	3160	DETACHD	4
12730 ADRIAN CT	$1,345,000	$1,300,000	4	2.1	3014	DETACHD	71
13597 ROGERS RD	$1,575,000	$1,587,500	5	3.1	3950	DETACHD	5
745 TERRACE DR	$3,000,000	$2,150,000	3	2.1	2708	DETACHD	30
17952 CARDINAL DR	$3,849,900	$2,750,000	5	3.2	4588	DETACHD	741

August 4, 2024

Protect Your Home From Fire

I don’t know how many of you lived in LO September of 2020, but the forest South of the Portland Metro area exploded in flames. LO was actually declared a Stage Three evacuation zone: meaning pay attention. Be ready to prepare to evacuate. I actually packed up my priority items and staged them next to my front door. It’s a funny thing, knowing you can only take what fits in your car.

My point is fires are a real threat in the US West. It’s our reality. The time to prepare is before there is an emergency and the Lake Oswego Fire Department is offering help. By going to www.lakeoswego.city/fire/wildfire-risk-prevention you can get information and sign up for a free home evaluation with the LO Fire Department.

Here are some basic tips that you can do now:

Clean your roof and gutters of flammable debris

Make sure any openings to your attic, like vents, are screened with 1/8″ or smaller screens

Cut back trees around your house to have a 10′ clearance from the structure

Keep your decks and porches free of flammable materials

Landscape your yard with fire resistant plants

Create a 5′ barrier around your house that is free of flamable materials

Keep your grass and weeds mowed to no taller than 4″

I think it’s about being fire aware. As you live in your home, as you landscape and make improvements, keep these tips in mind. And take advantage of the free home assessment offered by the LO Fire Department. What you do now can make a big difference later.

August 3, 2024August 3, 2024

Market Activity July 22-28, 2024

Lots of real estate activity happened in Lake Oswego last week. There were 26 new listings. Of those, 5 sold quickly and appear in this report as pending sales. 20 properties entered into accepted contracts and moved to pending status. 14 properties concluded escrow and are now officially sold.

See below for RMLS data.

New Listings July 22-28, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet
100 Kerry Pkwy #24	Condo	$207,000	1	1	617
90 Galen St	Condo	$219,900	1	1	552
220 Cerventes	Condo	$329,500	2	2	1378
668 McVey #14	Condo	$395,000	1	1	636
532 Chinook Ct	Detached	$575,000	3	1.5	1008
84 Kingsgate Rd	Detached	$699,900	3	2.5	1701
5172 Lakeview Blvd	Detached	$784,000	3	2	1438
4340 Chapman Way	Detached	$850,000	3	2	1567
17190 Robb Pl	Detached	$950,000	4	3	2320
6290 Carman Dr	Detached	$999,900	2	1.5	1828
124 D Ave	Attached	$1,150,000	2	2.5	1754
2004 Ridgewood Ln	Detached	$1,150,000	3	2.5	2631
3672 Tempest Dr	Detached	$1,295,000	3	3	3317
1920 Park Forest Ave	Detached	$1,379,000	3	3	2869
16610 Woodsman Ct	Detached	$1,475,000	4	3	3462
18034 Skyland Cir	Detached	$1,750,000	4	3.5	4003
19177 Hill Top Rd	Detached	$1,999,900	5	3.5	5168
2165 Ridge Pointe Dr	Detached	$2,189,000	5	4	4749
1131 Skyland Dr	Detached	$3,098,000	4	5.5	7189
951 Westpoint Dr	Detached	$5,900,000	6	4	4659

Pending Sales July 22-28, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
4 Touchstone	Condo	$300,000	3	2.5	1351	72
5 Bloch Ter	Detached	$575,900	3	2.5	1971	57
2818 Poplar Way	Detached	$599,000	3	1	1056	132
5170 Lakeview Blvd	Detached	$695,000	3	2	1771	12
875 Palisades Ter	Detached	$820,000	4	3	2181	2
5081 Greenborough Ct	Detached	$825,000	4	2.5	2142	71
16849 Lakeridge Dr	Detached	$825,000	4	2.5	2208	53
16441 Bonaire Ave	Detached	$865,000	4	2.5	1677	6
17654 Cardinal Dr	Detached	$885,000	3	2.5	2042	150
3899 Tamarack Ln	Detached	$950,000	4	2.5	2743	3
15213 Candlewood Ct	Detached	$995,000	4	2.5	2757	12
26 Morningview Cir	Detached	$999,999	3	4	3228	60
17 Westminster Dr	Detached	$1,180,000	5	2.5	2736	1
14360 Amberwood Cir	Detached	$1,250,000	4	2.5	2845	2
16792 Quail Ct	Detached	$1,275,000	4	2.5	3222	5
17200 Canal Ct	Detached	$1,379,000	3	2	1866	3
2060 Indian Trail	Detached	$1,575,000	3	2.5	2381	23
950 Lund St	Detached	$1,695,000	4	3.5	3098	125
2164 Goodall Ct	Detached	$4,600,000	4	6.5	6899	1
1475 Skyland Dr	Detached	$5,200,000	6	6.5+.5	8251	83

Sold/Closed July 22-28, 2024

Address	Type	List Price	Sold Price	Sq Feet	CDOM
5225 Jean Rd	Condo	$400,000	$400,000	1200	12
668 McVey Ave	Condo	$515,000	$515,000	636	56
51 Condolea Ct	Condo	$599,000	$549,000	2198	143
5919 Kenny St	Detached	$590,000	$600,000	1501	4
16317 Kimball St	Detached	$719,000	$692,000	1461	24
2367 Glenmorrie Dr	Detached	$828,000	$775,000	2732	149
4675 Oakridge Rd	Attached	$849,000	$849,000	1801	4
1125 C Ave	Detached	$1,425,000	$1,161,233	2574	37
18815 Green Bluff Dr	Detached	$1,579,000	$1,300,000	4554	1
12 Buckingham Ter	Detached	$1,485,000	$1,378,500	3667	27
1959 Wembley Pl	Detached	$1,595,000	$1,400,000	2922	117
13562 Peters Rd	Detached	$1,665,000	$1,410,000	3651	32
4929 Park Bluff Pl	Detached	$2,595,000	$2,275,000	4067	165
4464 Lakeview Blvd	Detached	$2,998,000	$2,500,000	3596	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