Property Blotter

September 17, 2023September 23, 2023

Portland Metro Neighborhood Stats + LO

Here is your monthly look at what’s happening in Portland metro and how it relates to Lake Oswego (broken out at the bottom):

Overview/Fluctuations ~ August 2023 Market Data:

In August Inventory showed a bit of a dip but not much. We still have a pretty pronounced shortage of homes persisting. Prices are down from July in most places. Check out the Neighborhood Report below for specifics on various parts of Portland’s metro & surrounding areas.

Rates: “The Fed meets this week and no moves are expected. That is a good sign for rates moving forward” Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS Market Action Report for the Portland Metro Area-August 2023:

There were 2,923 New Listings in August– which is down 8.9% from 3,209 in August 2022 and up 0.8% from the 2,899 in the previous month/July.
At 2,155 August 2023’s Closed Sales (Solds) are down 16.5% from August 2022’s 2,581, and increased 12.7% from the previous month’s total of 1,912.
At 2,053 August 2023’s Pending Sales (Accepted Offers) are down 18.9% from August 2022’s 2,530, and also down 4.3% from the previous month/July’s total of 2145.
The Average Sale Price for August 2023 of, $608,300 is up a slight $600. from last year/August 2022’s $607,700, and down $12,100 from the previous month/July’s $620,400.
The “Median Sale Price (the price smack dab in the middle of all sales) in August 2023 of $536,000 dropped $12,400 from August 2022’s $548,400, & $13,900 from July’s $549,900.

NEIGHBORHOODS REPORT:

LAKE OSWEGO: (August ’23)

290 Active Listings (Jul 274)
151 New Listings (Jul 176)
93 Pending Sales (Jul 109)
111 Closed Sales (Jul 113)
Average Sale Price for August: $1,184,900 (Jul $990,700)
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.
44 Days on the Market (Jul 31)

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

September 14, 2023September 14, 2023

Market Activity ~ Sept 4-10, 2023

Last week Lake Oswego saw 20 properties enter the market, 13 move to Pending status, and 11 Closed/Sold. Right now there are 195 homes to choose from ranging from $220,000 to $11,500,000.

Here is the breakdown:

NEW Sept 4-10, 2023

Address	List Price	Beds	Baths	SF	Prop Type
12802 BOONES FERRY RD	$395,000	$2	2.1	1225	CONDO
782 LAUREL ST	$400,000	$3	2	1400	CONDO
47 GREENRIDGE CT	$450,000	$2	2	1350	CONDO
668 MCVEY AVE #14	$479,000	$1	1	636	CONDO
2400 PARK RD	$505,000	$3	2.1	1182	CONDO
5051 W SUNSET DR	$534,900	$2	1.1	1176	ATTACHD
3972 CARMAN DR	$620,000	$2	2.1	1734	ATTACHD
14051 CHELSEA DR	$815,000	$3	2.1	2730	ATTACHD
1776 RIDGECREST DR	$865,000	$3	2.1	1966	DETACHD
3520 LAKE GROVE AVE	$875,000	$5	2.1	1962	DETACHD
1101 CRESTLINE CT	$875,000	$4	3	2704	DETACHD
8 HOTSPUR ST	$1,300,000	4	3	3022	DETACHD
455 9TH ST	$1,495,000	3	2	1589	DETACHD
1142 CRESTLINE CT	$1,549,000	3	4	2550	DETACHD
12 MORNINGVIEW LN	$1,895,000	3	2.1	2169	DETACHD
1125 NORTHSHORE RD	$2,598,000	4	3.1	3624	DETACHD
1481 GREENTREE CIR	$2,600,000	4	3.1	3911	DETACHD
750 1ST ST #16	$3,299,000	$4	4.2	7226	DETACHD
17264 LAKE HAVEN DR	$4,950,000	$5	5.1	6440	DETACHD
5225 JEAN RD #106	$5,995,000	$4	4.1	5876	DETACHD

PENDING Sept 4-10, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
15290 QUARRY RD	$499,900	$3	1	990	DETACHD	51
16200 PACIFIC HWY #29	$500,000	$2	2	1207	CONDO	9
42 SPINOSA	$650,000	$3	2.1	2056	DETACHD	85
107 KINGSGATE RD	$674,900	$3	2	1516	DETACHD	12
4980 SUNTREE LN	$699,000	$3	2.1	2135	DETACHD	67
4500 GALEWOOD ST	$775,000	$3	3	2373	DETACHD	65
529 LIVINGOOD LN	$800,000	$3	2.1	2124	DETACHD	4
13410 S FIELDING RD	$949,000	$3	2	1837	DETACHD	25
4840 SW DOGWOOD DR	$949,000	$3	3	2716	DETACHD	95
13920 SHIREVA DR	$1,300,000	$5	3	3212	DETACHD	12
14051 CHELSEA DR	$1,300,000	$4	3	3022	DETACHD	1
650 1ST ST, Grnd	$1,500,000	3	2.1	2767	CONDO	101
19494 SW Lorna LN	$2,989,000	4	4.2	4806	DETACHD	276

SOLD Sept 4-10, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY #31	$219,500	$219,000	$1	1	617	CONDO	14
19201 INDIAN CREEK AVE	$669,900	$669,900	$4	2.1	1721	DETACHD	7
17753 OVERLOOK CIR	$824,900	$824,900	$4	3	3455	DETACHD	18
1590 HALLINAN ST	$874,900	$890,000	$4	2	2070	DETACHD	4
15789 MURWOOD CT	$974,900	$1,055,000	$4	2.1	2232	DETACHD	4
2411 GLEN EAGLES RD	$1,250,000	$1,200,000	$5	2.1	2100	DETACHD	9
13531 FIELDING RD	$1,395,000	$1,400,000	$4	3.1	4566	DETACHD	7
4665 FIRWOOD RD	$1,495,000	$1,587,300	$3	2.1	2574	DETACHD	2
455 9TH ST	$1,895,000	$1,895,000	$3	2.1	2169	DETACHD	0
915 OAK TER	$2,435,000	$2,191,777	$4	4	3816	DETACHD	298
2936 LAKEVIEW BLVD	$3,595,000	$3,500,000	$5	3.1	4208	DETACHD	4

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) .

September 9, 2023September 9, 2023

Lake Oswego Open Studios

Open studios is an annual event that I thoroughly enjoy. This year it will be the weekend of October 14th and 15th. It is a free event.

Basically, you have the opportunity to visit artists in their studio. As a person who dabbles in painting, I am so enthralled by seeing working studios of dedicated artists. I also appreciate meeting them and hearing their stories and learning about their techniques.

One year I met an artist who had suffered a very severe stroke. She had examples of her art from before her stroke along with her current work, after her stroke. There was such a striking difference, and the current work was so much more brilliant that the prior work. It was a memorable experience.

The artists also offer work to purchase. I pride myself that my home has all original art: no prints, no copies. Some of it is my own paintings and sculptures, but also the work of other artists. I love living amidst art!

For more details about Lake Oswego Open Studios, click here. For details about Portland Open Studios, click here.

Once again, thank you for reading the blotter.

Dianne

September 7, 2023September 7, 2023

Market Activity Aug 28-Sept 3, 2023

Last week in Lake Oswego we had 9 properties come onto the market, 2 of which sold quickly and appear in this report as pending sales. We had 16 properties go into pending status and 17 sold/closed sales.

See below for RMLS data.

New on the Market Aug 28-Sept 3, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
284 Cervantes	Condo	$365,000	2	2	1052
16250 Pacific Hwy j#46	Condo	$449,000	2	2	1305
16200 Pacific Hwy #29	Condo	$500,000	2	2	1207
13349 Hidden Bay Ct	Detached	$,1,100,000	3	3	3012
14863 Twin Fir Ct	Detached	$1,170,000	4	3	2028
3894 Tamarack Ln	Detached	$1,499,000	4	3.5	4035
4688 Upper Dr	Detached	$2,198000	4	3.5	3962

Pending Sales Aug 28-Sept 3, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
3433 McNary Pdwy	Condo	$299,000	2	2	1008	38
4469 Golden Ln	Condo	$420,000	2	2.5	2002	30
17825 Tualata Ave	Detached	$535,000	3	1.5	1182	11
85 Tanglewood Dr	Detached	$599,000	4	3	2323	1
6 The Grotto	Detached	$599,000	3	2	1381	1
1368 Boca Ratan Dr	Attached	$610,000	3	2	1683	23
6062 Burma Rd	Detached	$639,000	5	2	1875	96
107 Kingsgate Rd	Detached	$674,900	3	2	1516	1
89 Kingsgate Rd	Detached	$675,000	3	2.5	1713	12
16 Aquinas St	Detached	$698,000	3	2.5	1720	27
16 Walking Woods Dr	Detached		3	2.5	2897	6
13104 Rogers Rd	Detached	$985,000	4	2.5	2889	3
885 Lake Forest Dr	Detached	$1,075,000	4	3	2206	11
353 3rd St	Attached	$1,195,000	3	3.5	2044	39
2600 Glenmorrie Dr	Detached	$2,298,000	4	3.5	4232	13
807 Ellis Ave	Detached	$3,600,000	5	5	5267	11

Sold/Closed Aug 28-Sept 3, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
18 Britten Ct	Attached	$649,900	$630,000	1972	56
16 Britten Ct	Attached	$665,000	$655,832	1972	1
5050 Greentree Rd	Detached	$799,900	$735,000	2052	49
5117 Greensborough Ct	Detached	795,000	$800,000	1692	4
13388 Auburn Ct	Attached	$839,500	$800,000	2492	48
412 Livingood Ln	Detached	$998,900	$935,000	3880	33
17532 Oak Meadow Ln	Detached	$1,299,900	$1,225,000	3046	35
1255 Bickner St	Detached	$1,350,000	$1,275,000	2817	25
17299 Lake Haven Dr	Detached	$1,329,000	$1,400,000	2656	4
1888 Oak Knoll Ct	Detached	$1,495,000	$1,400,000	3022	28
2301 Wembley Park Rd	Detached	$2,100,000	$2,007,500	3600	23
15575 Village Dr	Detached	$2,225,000	$2,087,870	3163	10
608 Cabana Ln	Detached	$2,595,000	$2,595,000	2000	0
547 Northshore Rd	Detached	$2,250,000	$2,600,000	3766	11
17264 Lake Haven Dr	Detached	$2,600,000	$2,600,000	3911	0
1653 Lake Front Rd	Detached	$6,998,000	$6,998,000	6274	0
4357 Southshore Blvd	Detached	$10,500,000	$10,500,000	5162	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

September 3, 2023September 3, 2023

Market Activity ~ Aug 21-27, 2023

Last week Lake Oswego saw 16 properties enter the market, 15 move to Pending status, and 15 Sold/Close. Right now there are 185 homes available ranging from $220,000 to $11,500,000.

Here is the breakdown:

NEW Aug 21-27, 2023

Address	List Price	Beds	Baths	SF	Prop Type
30 CERVANTES CIR, Grnd	$281,000	$2	$1	1112	CONDO
4316 BOTTICELLI ST	$495,000	$2	$2	2098	CONDO
49 GREENRIDGE CT	$525,000	$3	$2	1596	ATTACHD
13 MOUNTAIN CIR	$529,000	$2	$1	1374	ATTACHD
17825 SW TUALATA AVE	$535,000	$3	$1	1182	DETACHD
668 MCVEY AVE #57	$589,000	$3	$1	992	CONDO
141 TOUCHSTONE CT	$589,000	$3	$2	2066	ATTACHD
15215 BOONES WAY	$639,500	$3	$2	1686	ATTACHD
107 KINGSGATE RD	$674,900	$3	$2	1516	DETACHD
135 KINGSGATE RD	$779,000	$3	$2	1720	DETACHD
16 WALKING WOODS DR	$779,000	$3	$2	2897	DETACHD
4954 MULHOLLAND DR	$819,000	$3	2.1	2498	ATTACHD
13104 ROGERS RD	$985,000	$4	2.1	2889	DETACHD
2348 OVERLOOK DR	$1,050,000	$5	3	2567	DETACHD
17867 Sundown CT	$1,100,000	$3	3.1	2763	DETACHD
1000 BICKNER ST	$1,150,000	$4	2.1	1988	DETACHD
13920 SHIREVA DR	$1,300,000	$5	3	3212	DETACHD
670 1ST ST	$1,515,000	$3	$2	2767	CONDO
17257 BRYANT RD	$2,298,000	$5	$3	4789	DETACHD
3188 GLENMORRIE DR	$3,650,000	$5	$5	5585	DETACHD

PENDING Aug 21-27, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY #31	$219,500	$1	$1	617	CONDO	14
100 GREENRIDGE CT	$525,000	$3	$2	2004	ATTACHD	6
49 GREENRIDGE CT	$525,000	$3	$2	1596	ATTACHD	3
13 MOUNTAIN CIR	$529,000	$2	$1	1374	ATTACHD	3
4323 LAKEVIEW BLVD	$550,000	$4	$2	1483	DETACHD	6
17347 ASHLEY CT	$749,000	$4	$2	2117	ATTACHD	79
34 CHURCHILL DOWNS	$799,000	$4	$3	2080	DETACHD	34
15718 MURWOOD CT	$840,000	$3	$2	1988	DETACHD	12
2255 GLEN HAVEN RD	$859,000	$3	$3	2814	DETACHD	55
5382 ROYAL OAKS DR	$1,180,000	$4	$2	2970	DETACHD	21
13880 KNAUS RD	$1,500,000	$4	$3	3762	DETACHD	58

SOLD Aug 21-27, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
5052 FOOTHILLS DR, D	$438,000	$400,000	$3	$2	1252	CONDO	62
1127 Cedar St.	$599,000	$575,000	$3	$1	1848	DETACHD	50
791 4TH ST	$799,900	$725,000	$3	$2	1568	DETACHD	773
19443 KOKANEE CT	$824,900	$801,000	$4	$2	2888	DETACHD	24
31 WALKING WOODS DR	$825,000	$815,000	$4	$3	2855	DETACHD	25
5316 CHILDS RD	$1,200,000	$1,175,000	$5	$2	3854	DETACHD	21
754 5TH ST	$1,250,000	$1,270,000	$3	$3	2179	DETACHD	2
2886 UPPER DR	$1,389,000	$1,300,000	$4	$3	2674	DETACHD	184
16661 PHANTOM BLUFF CT	$4,785,000	$4,707,000	$5	$5	5371	DETACHD	1

August 30, 2023August 30, 2023

Portland Metro Neighborhood Stats + LO

Overview/Fluctuations ~ July 2023 Market Data:

Greetings Property Blotter readers! I’ll have the August stats to you in a couple of weeks when they come out, but here is the latest full-month activity picture w/Lake Oswego broken out at the bottom~

Activity in July was down from last year and from the month prior. A slow-down in July is not exactly unusual as people go on vacation roughly after the 4^th of July onward, and then things pick back up a bit mid-August. Lake Oswego saw an uptick in Closed Sales from 87 in June to 113 in July. Metro Area Inventory is increasing at 2.4 months for July though we still are in a crunch all over with regard to available homes in relation to demand. Metro Time-on-Market is holding at 33 days. I took a look at what price-ranges are getting the most action: In July 2021 the hottest range was $308,000-$506,000. July 2023: $275,000-$422,000.

Rates: “Interest rates are being pressured higher right now. Currently, 30-year fixed rates are in the mid to upper 7% range” Gary Boyer, Regional VP, Directors Mortgage

For the long-term, the outlook is still positive: eight major research institutions are all forecasting rates down next year.

According to the RMLS Market Action Report for the Portland Metro Area-July 2023:

There were 2,899 New Listings in June– which is down 23.0% from 3,763 in July 2022 and also down 12.1% from the 3,298 in the previous month/June.
At 1,912 July2023’s Closed Sales (Solds) are down 19.3% from July 2022’s 2,369, and also down 8.3% from the previous month’s total of 2,085.
At 2,145 July 2023’s Pending Sales (Accepted Offers) are down 12.3% from July 2022’s 2,445, and also down 5.6% from the previous month/June’s total of 2,272.
The Average Sale Price for July 2023 of, $620,400 is down $15,300 from last year/July 2022’s $635,700, and down $6,400 from the previous month/June’s $626,800.
The “Median Sale Price (the price smack dab in the middle of all sales) in July 2023 of $549,900 dropped $16,100 from July 2022’s $566,000, & is down $10,000 from June’s $559,900.

LAKE OSWEGO: (July ’23)

274 Active Listings (Jun 236)
176 New Listings (Jun 195)
109 Pending Sales (Jun 118)
113 Closed Sales (Jun 87)
Average Sale Price for June: $990,700 (Jun $1,030,500)
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.
31 Days on the Market (Jun 35)

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

August 27, 2023August 27, 2023

The Housing Crisis

There is a housing crisis. Not just here in Oregon, but nationwide. Simply put, there are not enough houses being built. This first started with the Great Recession. Many builders and developers shut down for about 4 years. When the housing market rebounded, the builders and developers simply did not catch back up. I heard a panel of economists on a Bloomberg podcast about a year ago quote the statistic that to meet demand nationwide, 3,000,000 new housing units need to be built each year. These can be small apartments or mega mansions, the housing need is in every shape and size. At the time of the podcast, the average being built annually was 1,300,000: not even half of the demand.

Our new Governor, Tina Kotek, has made construction of housing a top priority in her administration. To accomplish this, she is putting everything on the table, including revising, or perhaps even removing, tree ordinances. While I truly admire her willingness to open the conversation to every option, our stewardship of the environment is also a top priority for the citizens of this state. As you can imagine, it’s creating some real conversations (or should I say arguments?).

Steve Duin has written an excellent article on the subject that can be found at Oregonlive.com. To read it, click here. Interesting side note. I’ve been a big fan of the writings of Steve Duin for years. The Oregonian was a part of my daily routine and I always looked forward to Steve’s columns. Also, the very first house that I ever listed for sale in my real estate career was purchased by Steve. He still lives in that house.

To give you a summation of the article, he has in the past argued that the Urban Growth Boundary is part of the problem. In this article he admits to being taken to the woodshed by people who know better and that the real problem is not a lack of land, it’s a lack of infrastructure. Historically, infrastructure was subsidized by the Federal government. That financial support was eliminated by the Reagan administration. We have plenty of developable land currently within the UGB, trees and all, but the development costs are a huge obstacle to getting the housing built. I encourage you to read the article.

This is a bit off course from what I usually write. I hope that you have found it as interesting as I have.

Dianne

August 25, 2023August 25, 2023

Market Activity Aug 14-20, 2023

Our real estate market is chugging right along. Last week in Lake Oswego there were 13 new listings, one of which sold quickly and is shown in this report as a pending sale. There were a total of 21 properties that received acceptable offers and moved into pending status, and there were 18 closed sales.

See below for RMLS data.

New on the Market Aug 14-20, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
86 Kingsgate Rd I-202	Condo	$320,000	2	2	849
4 Erasmus St	Condo	$420,000	2	2.5	1547
4093 Jefferson Pkwy	Condo	$460,000	2	2.5	1403
2031 Bonniebrae Dr	Attached	$555,000	4	2	1611
5053 W Sunset Dr	Attached	$595,000	2	2.5	1720
5733 Kimball Ct	Detached	$669,000	4	2	1346
89 Kingsgate Rd	Detached	$675,000	3	2.5	1713
4100 Chapman Way	Detached	$858,000	4	2.5	1918
2376 Glenmorrie Dr	Detached	$874,900	4	2	2732
610 Boca Ratan Dr	Detached	$949,900	4	2	2566
2600 Glenmorrie Dr	Detached	$2,298,000	4	3.5	4232
12790 S Fielding Rd	Detached	$4,990,000	6	7.5	9124

Pending Sales Aug 14-20, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
4 Touchstone #65	Condo	$317,500	3	2.5	1351	53
124 Touchstone Terr	Attached	$499,900	2	2.5	1964	11
5117 Greensborough Ct	Detached	$795,000	3	2.5	1692	4
1714 Greentree Rd	Detached	$799,900	4	3	3110	98
4798 Auburn Ln	Attached	$809,950	3	3.5	2700	4
1590 Hallinan St	Detached	$874,900	4	2	2070	4
2401 Mayors Ln	Detached	$875,000	4	3	3076	30
43 Aquinas St	Detached	$875,000	3	2.5	2138	29
17 Da Vinci	Detached	$890,000	3	2	1876	27
7 Cellini Ct	Detached	$1,200,000	5	3.5	3560	3
1255 Bickner St	Detached	$1,295,000	4	2.5	2817	25
53 Eagle Crest Dr	Detached	$1,300,000	5	4.5+.5	4918	122
2886 Upper Dr	Detached	$1,389,000	4	3	2674	6
233 E Ave	Detached	$1,400,000	3	1	1150	12
814 Lake Shore Rd	Detached	$1,490,000	3	2.5+.5	2385	119
4665 Firwood Rd	Detached	$1,495,000	3	2.5	2574	2
650 1st St	Condo	$1,500,000	3	2.5	2767	76
1550 Country Commons	Detached	$1,995,000	4	3	4818	77
15575 Village Dr	Detached	$2,225,000	4	2.5	3163	10
18475 Crestline Dr	Detached	$2,995,000	4	3.5	4910	5
975 Englewood Dr	Detached	$3,995,000	4	4.5+.5	5980	71

Sold/Closed Aug 14-20, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
152 Oswego Summit	Condo	$319,900	$290,000	1383	46
204 Cervantes	Condo	$360,000	$345,000	1138	124
4 Touchstone DR #152	Condo	$344,000	$346,000	1351	2
1602 Bonniebrae	Attached	$425,000	$395,000	864	39
6336 Frost St	Detached	$549,900	$523,200	2200	59
1437 Oak St	Detached	$672,500	$565,000	1070	31
103 Kingsgate Rd	Detached	$600,000	$580,000	1352	19
5233 Rosewood St	Detached	$699,900	$699,900	1650	4
1240 Cedar St	Detached	$699,900	$700,000	1044	5
5861 Benfield Ct	Detached	$759,900	$770,000	1658	3
1290 Pine St	Detached	$750,000	$795,000	2048	4
219 Hidalgo St	Detached	$879,000	$799,000	3756	50
875 Lee St	Detached	$899,000	$800,000	2200	40
1855 Cloverleaf Rd	Detached	$899,900	$975,000	2870	1
17656 Woodhurst Pl	Detached	$1,325,000	$1,207,000	4559	78
18635 Westview Dr	Detached	$1,549,000	$1,491,000	4943	2
1501 Country Club Rd	Detached	$2,200,000	$2,000,000	4691	27
1186 Crestline Ct	Detached	$4,750,000	$4,000,000	14411	211

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 20, 2023August 20, 2023

Searching for Properties

I thought I’d post this graphic to give you a behind-the-scenes idea of how our overall area is segmented for us Realtors to hone in on what a Buyer says they want. The powers that be have divided locations and therefore created an order of sorts to searching for properties. This translates to public searches as well as Realtor ones, and/but is interesting from our perspective because it is the quickest way for us to pull up data on statistics etc., and it also governs how people navigate online. For instance, as you can see, Lake Oswego is combined with West Linn for RMLS purposes into area 147. We can pull some Lake-Oswego-specific data, but have to use a few tricks & maneuvers to do so. Also, if a home is on the dividing line between two areas, a Realtor may find themselves weighing pro’s & cons of advertising in one area or the other when listing a home. Most of the time it’s a no-brainer what area a property fits into, but sometimes it can mean a person searching for a home in one area may not see a home if it is assigned to the area next-door. This came up recently with a rural property on the dividing line between areas 148 (which bumps up against Lake Oswego and stretches all the way to near-Sauvie Island) and 149 that may have been seen by people searching closer in to Portland but maybe not by people looking for acreage who would prefer to be farther from Portland.

August 15, 2023August 15, 2023

Market Activity ~ August 7-13, 2023

Last week Lake Oswego added 16 New properties to the marketplace, 15 moved to Pending status, and 15 Sold/Closed. Right now there are 184 homes available in Lake Oswego ranging from $219,500 to $11,500,000.

Here is the breakdown:

NEW Aug 7-13, 2023

Address	List Price	Beds	Baths	SF	Prop Type
100 KERR PKWY #31	$219,500	$1	1	617	CONDO
5117 GREENSBOROUGH CT	$795,000	$3	2.1	1692	DETACHD
14 ICARUS LOOP	$819,900	$4	2.1	3201	DETACHD
15718 MURWOOD CT	$840,000	$3	2	1988	DETACHD
5222 ROSEWOOD ST	$850,000	$3	2.1	2414	DETACHD
1590 HALLINAN ST	$874,900	$4	2	2070	DETACHD
13410 S FIELDING RD	$949,000	$3	2	1837	DETACHD
17890 ROYCE WAY	$985,000	$5	3	3108	DETACHD
12 JUAREZ ST	$1,100,000	$4	3.2	3735	DETACHD
674 1ST ST	$1,195,000	$2	2.1	2147	CONDO
7 CELLINI CT	$1,200,000	$5	3.1	3560	DETACHD
547 Northshore RD	$2,250,000	4	3.1	3766	DETACHD
4929 PARK BLUFF PL	$2,795,000	4	3.1	4067	DETACHD
18475 CRESTLINE DR	$2,995,000	4	3.1	4910	DETACHD
16772 ALDER CIR	$4,350,000	4	3.1	3282	DETACHD
951 ATWATER RD	$6,795,000	6	5.1	9163	DETACHD

PENDING Aug 7-13, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
3876 BOTTICELLI ST #31	$355,000	$2	2	1110	CONDO	7
5052 FOOTHILLS DR, D	$431,000	$3	2	1252	CONDO	62
2 CONDOLEA DR / Main	$469,000	$2	2	1312	CONDO	8
12886 BOONES FERRY RD	$475,000	$2	2.1	1182	CONDO	8
16 SAINT HELENS CIR	$550,000	$4	2	1482	DETACHD	4
1795 KILKENNY RD	$595,000	$3	2	1449	DETACHD	4
5059 W SUNSET DR	$598,500	$2	2.1	1794	ATTACHD	53
1437 OAK ST	$600,000	$3	1	1070	DETACHD	31
5071 W SUNSET DR	$620,000	$2	2.1	1734	ATTACHD	41
18 BRITTEN CT	$639,900	$3	2.1	1972	ATTACHD	56
4 ADAMS CT	$699,900	$4	2.1	2287	DETACHD	11
17753 OVERLOOK CIR	$824,900	4	3	3455	DETACHD	18
15789 MURWOOD CT	$974,900	4	2.1	2232	DETACHD	4
13531 FIELDING RD	$1,395,000	4	3.1	4566	DETACHD	7
4230 Sunset DR	$1,635,000	4	2.1	3250	DETACHD	24

SOLD Aug 7-13, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
45 EAGLE CREST DR #400	$289,950	$275,000	$3	2	1348	CONDO	89
4000 CARMAN DR #35	$340,000	$330,000	$2	2	869	CONDO	30
6880 SW MONTAUK CIR, Ground	$339,000	$350,000	$3	2	1092	CONDO	2
36 CONDOLEA DR	$474,900	$450,000	$2	2	1432	CONDO	28
6401 SW MCEWAN RD	$499,000	$495,000	$3	2	1050	DETACHD	6
6290 CARMAN DR	$700,000	$700,000	$2	1	1828	DETACHD	2
17280 WESTVIEW DR	$789,000	$819,900	$3	3	2324	DETACHD	13
4855 CENTERWOOD ST	$825,000	$900,000	$3	2.1	2210	DETACHD	28
4584 TRILLIUM WOODS	$925,000	$910,000	$3	2.1	2174	ATTACHD	8
2094 RIDGEWOOD RD	$1,250,000	$1,250,000	$4	2.1	2616	DETACHD	21
17430 SCHALIT WAY	$1,200,000	$1,250,000	$4	2.1	2480	DETACHD	2
5349 WASHINGTON CT	$1,400,000	$1,425,000	4	3.1	3906	DETACHD	25
64 BERWICK RD	$1,595,000	$1,525,000	4	3.1	3740	DETACHD	7
15985 BONAIRE AVE	$1,599,000	$1,620,000	3	3	2910	DETACHD	10
5030 FIRWOOD RD	$2,595,000	$2,595,000	5	4	4123	DETACHD	4