Property Blotter

June 8, 2023June 8, 2023

Market Activity ~ May 29-June 4, 2023

Last week in Lake Oswego 24 properties entered the market, 7 moved to Pending status and 19 Sold/Closed. Right now there are 147 homes available ranging from $154,900 to $8,950,000.

Here is the breakdown:

NEW May 29-June 4, 2023

Address	List Price	Beds	Baths	SF	Prop Type
152 OSWEGO SUMMIT	$319,900	2	2	1383	ATTACHD
80 GALEN ST / Upper	$325,000	2	2	995	CONDO
248 RIDGEWAY RD / Upper	$395,000	1	1	753	CONDO
6336 FROST ST	$549,900	4	2	2200	DETACHD
79 GREENRIDGE CT	$675,000	2	2	1642	ATTACHD
4 CELLINI CT	$775,000	4	3	2709	DETACHD
5363 GREYSTOKE DR	$795,000	3	2	1541	DETACHD
449 C AVE	$999,000	3	2	2261	DETACHD
1260 ROCKINGHORSE LN	$1,010,000	4	2.1	2176	DETACHD
43 BECKET ST	$1,070,000	4	3.1	3689	DETACHD
17079 CHERRY CREST AVE	$1,100,000	3	2.1	3002	DETACHD
62 TOUCHSTONE	$1,125,000	5	3	3972	DETACHD
4840 SW DOGWOOD DR	$1,125,000	3	3	2716	DETACHD
302 FURNACE ST	$1,195,000	3	2.1	1945	DETACHD
13290 HIDDEN BAY CT	$1,199,000	4	2.1	3156	DETACHD
319 3RD ST	$1,250,000	3	3.1	1937	ATTACHD
63 GARIBALDI ST	$1,250,000	3	3.1	4223	DETACHD
18440 DELENKA LN	$1,495,000	$4	3.1	4696	DETACHD
650 1ST ST / Ground	$1,595,000	$3	2.1	2767	CONDO
4039 CANAL WOODS CT	$1,598,000	$4	3.1	4178	DETACHD
1550 Country Commons	$1,995,000	$4	3	4818	DETACHD
735 7TH ST	$2,099,000	$3	3.1	3073	DETACHD
17327 WESTVIEW DR	$2,324,900	$5	4	4008	DETACHD
7 DOVER WAY	$2,595,000	$5	5.1	7803	DETACHD

PENDING May 29-June 4, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
13290 HIDDEN BAY CT	$400,500	2	2.1	1980	CONDO	82
15923 TWIN FIR RD	$610,000	4	2	1721	ATTACHD	3
1260 ROCKINGHORSE LN	$670,000	3	2	1769	DETACHD	6
1466 BONNIEBRAE DR	$849,900	4	2.1	2597	DETACHD	15
5106 LAKEVIEW BLVD	$1,010,000	4	2.1	2176	DETACHD	3
3520 UPPER DR	$1,199,000	4	2.1	3156	DETACHD	1
4459 GOLDEN LN / Grnd	$1,900,000	3	2	1540	DETACHD	10

SOLD May 29,-June 4, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
35 CRESTFIELD CT #35	$299,000	$299,000	2	1	921	CONDO	36
16250 PACIFIC HWY #75	$419,000	$388,000	3	2	1593	CONDO	109
5822 SW ROCKWOOD CT	$545,000	$449,000	3	1.1	1092	DETACHD	40
1302 BOCA RATAN DR	$615,000	$600,000	3	2.1	1739	CONDO	24
2348 OVERLOOK DR	$645,000	$635,000	4	3	2567	DETACHD	4
4748 AMHERST CT	$695,000	$675,000	3	2.1	3015	ATTACHD	46
17515 Tree Top Way	$809,900	$809,900	3	2	1975	DETACHD	3
60 TOUCHSTONE	$885,000	$885,000	4	3	2657	DETACHD	9
17143 Rebecca LN	$890,000	$890,000	3	2.1	1943	DETACHD	13
1421 CHERRY CREST DR	$925,000	$935,000	4	3	2785	DETACHD	5
191 3RD ST #6	$950,000	$950,000	2	2	1523	CONDO	33
11 NANSEN SMT	$1,495,000	$980,000	4	4.1	4955	DETACHD	300
2318 HILLSIDE LN	$1,195,000	$1,150,000	4	3.1	3258	DETACHD	14
2468 MARYLHAVEN PL	$1,295,000	$1,255,000	4	3.1	3606	DETACHD	34
16121 PARELIUS CIR	$1,375,000	$1,400,000	4	2.1	3506	DETACHD	4
530 MIDDLECREST RD	$1,659,000	$1,500,000	4	3	3280	DETACHD	97
1273 WELLS ST	$1,795,000	$1,720,000	5	3	4091	DETACHD	24
14381 FOSBERG RD	$2,150,000	$2,050,000	$4	3.1	5028	DETACHD	1
16693 PHANTOM BLUFF CT	$2,000,000	$2,200,000	$3	3	3201	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) .

June 3, 2023June 3, 2023

LO Festival of the Arts, June 23, 24, and 25

This annual event is a real highlight of the year. Held the first weekend in June after Father’s Day, this year is the 60th anniversary of the first festival which was held in 1963. It has a bit something for everyone.

The purpose of the festival is art education and a celebration of culture and community through art. There are 3 main events.

First is the juried competition. Artists from our community, but also artists from other parts of Oregon and even other states participate. It’s an eclectic mix of classic, modern, and whimsical. A panel of judges awards ribbons and honorable mentions. Most pieces are also offered for sale. This part of the festival is held at the Lakewood Center.

Then there is the arts and crafts fair. Booths are set up by artists who are selling their creations. You’ll find pottery, jewelry, clothing, yard art, gifts, lots and lots of fun stuff. I have purchased several pieces of yard art that I just treasure. This part of the festival is held across the street from the Lakewood Center in George Roger’s Park.

Then there is the music and entertainment. From Latin Funk, to Jazz, to Rock n Roll, the entertainment is great. There are also art demonstrations, art events for kids, and plenty of opportunities to grab a beverage and a bite to eat. These activities happen in George Roger’s Park. For a full schedule, click here.

Festival hours are Friday and Saturday, 8am to 9pm. Sunday from 8am to 5pm. Other than what you might purchase, the event is free. You are encouraged to use the free shuttle buses to attend. There is simply not enough local parking to accommodate the expected attendance. Shuttle stops are at Lake Oswego High School, Lake Oswego Junior High School, Lakeride High School, and from downtown LO.

I look forward to the Festival of the Arts every year. Hope to see you there!

Dianne

June 1, 2023June 1, 2023

Market Activity May 22-28, 2023

Last week in Lake Oswego was highly favorable for folks who are selling their homes. 26 properties accepted offers. There were 12 new listings. Three of those accepted offers quickly and are represented in this report as pending sales. There were also 12 closed/sold properties. With pending sales at more than twice the number of new listings, that is a strong sign that the market remains excellent for selling. It also shows that buyers want to purchase and are not dissuaded by today’s interest rates.

See below for RMLS data.

New Listings May 22-28, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
4 Touchstone #107	Condo	$289,999	3	2.5	1351
4901 Childs Rd	Detached	$525,000	2	1	1440
18936 Longfellow Ave	Detached	$689,900	3	1.5	1232
2661 Lookout Ct	Detached	$1,095,000	4	2.5	3212
1931 Park Forest Ct	Detached	$1,598,000	6	4.5	4107
13460 Fielding Rd	Detached	$1,725,000	3	4.5	3932
3521 Upper Dr	Detached	$1,900,000	3	2	1540
1192 Andrews Rd	Detached	$3,485,000	5	3.5	4604
584 Ridgeway Rd	Detached	$5,250,000	4	3.5+.5	4944

Pending Sales May 22-28, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
100 Kerr Pkwy 348	Condo	$229,000	1	1	617	20
44 Eagle Crest #37	Condo	$240,000	2	1	908	11
400 Carman Dr 360	Condo	$309,900	2	2	866	54
5 Galen St	Condo	$315,000	2	2	989	24
4 Touchstone #119	Condo	$318,900	3	2.5	1351	81
16250 Pacific Hwy #55	Condo	$349,500	2	2	1305	57
4425 Thunder Vista Ln	Condo	$450,000	2	2.5	1949	1
5225 Jean Rd 3501	Condo	$455,000	3	2	1500	12
17910 Belmore Ave	Detached	$499,000	3	1.5	1624	7
5852 Lakeview Blvd	Detached	$510,000	2	1	1111	9
103 Kingsgate Rd	Detached	$600,000	3	2.5	1352	19
18839 Kristi Way	Detached	$649,500	3	1.5	1344	11
6062 Burma Rd	Detached	$650,000	5	2	1875	94
16240 Parker Rd	Detached	$679,000	3	2	1454	94
5829 Benfield Ct	Detached	$719,900	4	2.5	1744	13
20 Partridge Ln	Detached	$825,000	5	3	3448	32
15923 Twin Fir Rd	Detached	$849,900	4	2.5	2597	7
2280 Southshore Blvd	Detached	$949,000	3	2	2176	11
17577 Blue Heron Ct	Detached	$989,000	5	3	2980	5
19863 Sycamore Ave	Detached	$995,000	4	3	2961	94
13354 Twin Creek Ln	Detached	$1,125,000	4	22.5	3134	4
321 3rd St	Attached	$1,195,000	3	3.5	1996	2
2552 Palisades Crest Dr	Detached	$1,300,000	4	2.5	3263	8
16321 White Oaks Dr	Detached	$1,349,000	4	3.5	2950	4
17269 Bryant Rd	Detached	$1,399,990	5	3.5	3641	10
804 2nd St	Detached	$1,750,000	5	2.5	2961	20

Sold/Closed May 22-28, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
3652 Spring Ln 4F	Condo	$400,000	$400,000	1117	19
18314 Fernbrook Ct	Detached	$550,000	$510,000	1036	6
10 Greenridge Ct	Attached	$520,000	$524,000	2063	11
16880 Tracy Ave	Detached	$539,900	$532,500	1080	97
4959 Dogwood Dr	Detached	$749,900	$740,000	2120	3
17220 Rebecca Ln	Detached	$775,000	$775,000	2004	5
51 Touchstone	Detached	$875,000	$875,000	3105	6
5539 Bay Creek Dr	Detached	$995,000	$1,015,000	2922	2
2803 Southshore Blvd	Detached	$1,495,000	$1,500,000	3747	12
16429 Bonaire Ave	Detached	$1,750,000	$1,850,000	3036	5
2950 Upper Dr	Detached	$1,899,000	$1,875,000	3396	5
17367 Lake Haven Dr	Detached	$2,249,900	$2,250,000	4225	2

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.

May 28, 2023June 26, 2023

Portland Metro Neighborhood Stats + LO

Here is the monthly breakdown of the prior month’s activity in the greater Portland area with Lake Oswego broken out at the bottom.

Overview/Fluctuations ~ April 2023 Market Data:

Inventory is creeping up, but just enough to meet where it was in February. If you look at last year/April vs this year, New, Pending and Sold categories are all down 28-38% and New & Pending sales are up slightly from the previous month. Basically, there are still not enough homes to meet demand & Buyers are out actively looking, so we’re recovering ground, but slowly. As with most things, the housing market is affected by the news cycle, and it would be reasonable to surmise that the brinksmanship on display in Washington is temporarily giving people pause.

Rates: “Rates have pushed into the mid to upper 6% range over the debt ceiling fight.” Gary Boyer, Regional VP, Directors Mortgage

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

There were 2,653 New Listings in April– which is down 28.0% from 3,684 in April 2022 and up 1.1% from the 2,623 in March 2023.
At 1,707 April 2023’s Closed Sales (Solds) are down 38.6% from April 2022’s 2,782, and down 2.2% from the previous month/March 2023’s total of 1,745.
At 2,164 April 2023’s Pending Sales (Accepted Offers) are down 28.0% from April 2022’s 3,005, and up 4.1% from the previous month/March’s total of 2,079.
The Average Sale Price for April 2023 of, $606,100 is down $26,800 from last year/April 2022’s $632,900, and up $21,600 from the previous month/March’s $584,500.
The “Median” Sale Price (the price smack dab in the middle of all sales) in April 2023 of $530,000 dropped $30,000 from April 2022’s $560,000, & is up $5,000 from March 2023’s $525,000.

Neighborhoods (April ’23):

LAKE OSWEGO: (April ’23)

170 Active Listings (Mar 162)
135 New Listings (Mar 127)
107 Pending Sales (Mar 94)
88 Closed Sales (Mar 55)
Average Sale Price for April: $1,126,300 (Mar $991,500)
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.
34 Days on the Market (Mar 60)

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

May 27, 2023May 27, 2023

Market Activity ~ May 15-21, 2023

Last week Lake Oswego saw 28 properties enter the market (New), 17 move to Pending status, and 16 Closed/Sold.

Right now there are 127 properties available ranging from $154,900 to 9.9 Mil.

Here is the breakdown:

NEW May 15-21, 2023

Address	List Price	Beds	Baths	SF	Prop Type
3952 CARMAN DR	$425,000	2	2.1	1146	CONDO
3982 CARMAN DR	$450,000	3	2.1	1360	ATTACHD
17910 BELMORE AVE	$499,000	3	1.1	1624	DETACHD
5852 LAKEVIEW BLVD	$510,000	2	1	1111	DETACHD
1458 BOCA RATAN DR	$594,900	3	2	1641	ATTACHD
605 ASH ST	$599,900	3	2	1528	DETACHD
15435 MEADOWLARK CT	$815,000	3	3	1795	DETACHD
15923 TWIN FIR RD	$849,900	4	2.1	2597	DETACHD
16266 INVERURIE RD	$874,900	3	2	2503	DETACHD
14799 UPLANDS DR	$900,000	4	2	2150	DETACHD
2280 SOUTHSHORE BLVD	$949,000	3	2	2186	DETACHD
2280 SOUTHSHORE BLVD	$949,000	3	2	2176	DETACHD
19230 SW REDWING CT	$975,000	4	2	1842	DETACHD
17577 BLUE HERON CT	$989,000	5	3	2980	DETACHD
13354 TWIN CREEK LN	$1,125,000	4	2.1	3134	DETACHD
668 MCVEY AVE #12	$1,125,000	3	1.1	992	CONDO
1053 YATES ST	$1,179,900	4	2.1	2598	DETACHD
17007 WESTVIEW DR	$1,190,000	$5	4	2649	DETACHD
15119 QUARRY RD	$1,250,000	$3	2	2106	DETACHD
5726 CHARLES CIR	$1,299,000	$4	3.1	3196	DETACHD
2552 PALISADES CREST DR	$1,300,000	$4	2.1	3263	DETACHD
16321 WHITE OAKS DR	$1,349,000	$4	3.1	2950	DETACHD
17269 BRYANT RD	$1,399,990	$5	3.1	3641	DETACHD
18480 DELENKA LN	$1,460,000	$5	4.1	4829	DETACHD
1888 OAK KNOLL CT	$1,695,000	$4	3.1	3212	DETACHD
2300 CHILDS RD	$1,898,000	$4	2	3183	DETACHD
2410 GLEN EAGLES RD	$3,400,000	$5	2.1	3523	DETACHD
18015 CARDINAL DR	$3,999,900	$4	3.2	4119	DETACHD

PENDING May 15-21, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE #80	$245,000	2	2	984	CONDO	49
35 CRESTFIELD CT #35	$299,000	2	1	921	CONDO	36
5822 SW ROCKWOOD CT	$449,000	3	1.1	1092	DETACHD	40
3982 CARMAN DR	$450,000	3	2.1	1360	ATTACHD	4
14345 HOLLY SPRINGS RD	$685,000	4	2.1	1940	CONDO	16
5364 ROSEWOOD ST	$790,000	4	2.1	1980	DETACHD	12
18400 INDIAN CREEK DR	$799,900	4	3	1736	DETACHD	78
7 BECKET ST	$975,000	4	3.1	4176	DETACHD	59
13259 Sandalwood CT	$1,084,900	5	3	2764	DETACHD	4
8 GARIBALDI ST	$1,150,000	4	3	4080	DETACHD	26
11 NANSEN SMT	$1,198,000	4	4.1	4955	DETACHD	300
15119 QUARRY RD	$1,250,000	3	2	2106	DETACHD	4
17382 BROOKHURST DR	$1,285,000	4	3.1	3725	DETACHD	15
4410 LORDS LN	$1,399,000	5	3.1	3499	DETACHD	17
17258 KELOK RD	$1,585,000	3	2	3742	DETACHD	15
1273 WELLS ST	$1,795,000	5	3	4091	DETACHD	24
2320 GLEN HAVEN RD	$2,384,900	4	4	3875	DETACHD	224

SOLD May 15-21, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE DR #151	$224,900	$299,900	3	2.1	1351	CONDO	38
4000 CARMAN DR, A5	$300,000	$313,000	2	2	869	CONDO	6
16200 PACIFIC HWY #5	$530,000	$483,500	2	2	1207	CONDO	173
15960 SW LAKE FOREST BLVD	$624,900	$525,000	3	1	1080	DETACHD	172
5857 CARMAN DR	$575,000	$550,000	2	1	972	DETACHD	121
16309 LAKE FOREST BLVD	$599,900	$600,000	3	2	1583	DETACHD	4
4179 DOUGLAS WAY	$565,000	$652,000	3	2	1447	DETACHD	4
17635 DEEMAR WAY	$695,000	$689,000	4	2	1513	DETACHD	25
647 2ND ST	$795,000	$775,000	2	2	1457	ATTACHD	10
13594 BLAZER TRL	$895,000	$800,000	3	2	1996	DETACHD	73
3552 UPPER DR	$900,000	$1,105,000	3	2.1	2750	DETACHD	4
668 MCVEY AVE #12	$1,125,000	$1,125,000	3	1.1	992	CONDO	0
17623 BROOKHURST DR	$1,575,000	$1,500,000	3	3.2	3844	DETACHD	41
566 4TH ST	$1,599,000	$1,550,000	5	4.2	3512	ATTACHD	7
17101 CAMPUS WAY	$1,850,000	$1,725,000	4	4.1	3367	DETACHD	28
1199 FAIRWAY RD	$4,995,000	$4,050,000	4	4.2	5527	DETACHD	209

May 20, 2023May 14, 2023

The Urban Growth Boundary

A big part of understanding real estate in Oregon is knowing about the Urban Growth Boundary.

It was put into place in 1973 under the leadership of Republican Governor Tom McCall. What the boundary does is make development choices intentional and public rather than piecemeal.

Every single town in the State of Oregon has a line drawn around it. Within the boundaries of that line urban and suburban development is allowed. Outside of the boundary is reserved for agriculture and forests. Lake Oswego is right on the edge of the UBB. From LO you can drive to the countryside in just minutes. In the countryside you’ll find wineries, farmstands, Christmas tree farms, and the beautiful rolling hills that lead to the Mountains and the Willamette Valley.

It’s controversial because it is forcing density within the boundary. The boundary has been expanded, but it’s a tedious process that requires lots of legal wrangling. The planning departments in towns have to project for population growth and then plan today to accommodate the growth in the future. This means that even if builders want to build on larger lots, they simply can’t get those large lots approved. They are forced to build on smaller lots to accommodate future population projections.

It also means that land within the boundary is super valuable. If houses become run down, they get torn down. In those cases the land is more valuable then the house and the land gets re-built. I think it has helped the Tri-County Metro area to not have slums. Yes, there are parts of town with lower economic demographics, but there are not slums.

The density within our UGB is going to increase now that multi-family units are allowed in residential neighborhoods. That’s a whole other blog post.

For a map of the Portland area UGB, click here.

As always, thank you for reading the blotter.

Dianne

May 17, 2023May 17, 2023

Market Activity May 8-14, 2023

Last week in Lake Oswego there were 11 new listings, 3 of which sold quickly and are represented here as pending sales. There were 20 properties that went under contract and moved into pending status, and there were 9 sold/closed transactions.

See below for RMLS data.

New on the Market May 8-14, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
44 Eagle Crest Dr #37	Condo	$240,000	2	1	908
5225 Jean Rd #501	Condo	$455,000	3	2	1500
18839 Kristi Way	Detached	$649,500	3	1.5	1344
5829 Benfield Ct	Detached	$749,900	4	2.5	1744
15911 Fir Grove Ct	Detached	$959,776	4	2.5	2584
16164 Parker Rd	Detached	$1,300,000	3	2.5	2315
15575 Village Dr	Detached	$2,595,000	4	2.5	3163
3190 Douglas Circle	Detached	$2,998,000	4	3.5+.5	5007

Pending Sales May 8-14, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
86 Kingsgate Rd B104	Condo	$299,900	2	2	938	6
55 Galen St	Condo	$315,000	2	2	989	15
16250 Pacific Hwy #75	Condo	$388,000	3	2	1593	109
3652 Spring Ln 4F	Condo	$400,000	2	2	1117	19
5650 Lakeview Blvd	Detached	$549,000	3	2	2715	45
3575 Upper Dr	Detached	$595,000	2	2	1376	0
16309 Overlook Dr	Detached	$645,000	4	3	2567	4
200 Burnham Rd #311	Condo	$678,800	3	2	1862	22
644 Ellis Ave	Detached	$875,000	4	2	2335	47
17143 Rebecca Ln	Detached	$890,000	3	2.5	1943	13
1421 Cherry Crest Dr	Detached	$925,000	4	3	2785	5
1448 Greentree Circle	Detached	$945,000	4	2.5	2649	43
191 3rd St #6	Condo	$950,000	2	2	1523	33
5434 Rosalia Way	Detached	$985,000	4	2.5	2677	20
16960 Stafford Rd	Detached	$1,000,000	4	3.5	2845	20
17649 Woodhurst Pl	Detached	$1,550,000	5	4.5	5669	4
1965 Egan Way	Detached	$1,850,000	5	3.5	3899	3
13337 Leslie Ct	Detached	$2,595,000	4	3.5	4197	15
13751 Cameo Ct	Detached	$3,995,000	5	4.5+.5	4262	24
16309 Lake Forest Blvd	Detached	$599,900	3	2	1583	4

Sold/Closed May 8-14, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
15446 Stephanie Ct	Attached	$480,000	$480,000	1582	0
1966 Wembley Pl	Detached	$649,900	$721,100	2103	4
5865 Southwood Dr	Detached	$950,000	$1,010,000	3035	2
13254 Twin Creek Ct	Detached	$1,188,000	$1,050,000	3470	4
515 Laurel St	Detached	$1,725,000	$1,563,000	3382	199
1658 Village Park Ln	Detached	$1,750,000	$1,775,000	4634	3
929 Cumberland Rd	Detached	$2,800,000	$2,580,000	5095	250
13777 Cameo Ct	Detached	$3,395,000	$2,995,000	6984	240
17147 Old River Dr	Detached	$2,995,000	$2,995,000	6900	6

May 14, 2023May 17, 2023

Lake Oswego Neighborhoods

I got a call asking for information on Lake Oswego neighborhoods this week. It reminded me just how nuanced and varied the different areas of this little hamlet are. The Property Blotter has a whole section devoted to write-ups on individual neighborhoods which you can access on our home page under…”Neighborhoods” : ) if you’d like an in-depth look at any of them. In any event, this is a casual look at the areas & neighborhoods of Lake Oswego~

You’ve got the older part on the State St side, and the newer part on the Boones Ferry Rd side, and corresponding zip codes of 97034 & 97035, generally speaking. Of course everyone thinks of First Addition on the older side with it’s carefully laid-out grid: A, B, C, D, !st, 2nd, 3rd, 4th…you get it. First Addition was originally designed as a “company town” in the early days & is now one of the most sought-after neighborhoods with it’s proximity to everything Lake Oswego & otherwise. Palisades is up the hill on the southern/opposite side of town with it’s little town center, hilly views of the Willamette River & Lake, public golf course and easy access to Hwy 205, Hwy 43 (w/a 15-minute trip into downtown Portland), and South Shore Blvd meandering in a luxurious commute to the newer side of Lake Oswego to the west. Hallinan is next to Palisades, also hilly and has it’s own feel with walking trails & a beautiful park. The older side also has Northshore with it’s train & bridges & island, Lakewood on the south side of Lakewood Bay, Evergreen on its north side, Riverfront with the Iron Smelter and Waterfront Parks on the Willamette, Country Club, Red Fox Hills bordering Tryon Natural Area, Forest Hills which is close to First Addition, Glenmorrie heading our towards Marylhurst near the Willamette and Southshore along the south side of the lake. You also have Dunthorpe and Riverwood at the very north end of the area, which are communities/destinations of their own.

The “newer” part of Lake Oswego is bounded by Mountain Park on the northwestern edge which was built as a planned community with hills and walking trails and a community pool as well as other benefits shared by the residents. Lots of the best opportunities for condo living are found in Mountain Park. Uplands is nestled against Country Club, but edges out to Boones Ferry, so it’s kind of part of the older area, but in the middle. Lakewood which is a little peninsula, Westlake which sits on the western edge of Lake Oswego and offers both beauty and the easy connection to Kruse Way, I-5 and all things “west end”. Lake Forest enchants with its wooded splendor, West Bay nestles on the west side of the lake, Bryant is charming with it’s restaurants, services & lovely neighborhoods, Westridge is hidden away with its sleepy streets built around the elementary school, Blue Heron & the Canals are enticing with their unusual living opportunities on the water, Rosewood & River Grove offer relaxed charm on the very south end of Lake Oswego.

May 12, 2023May 12, 2023

Market Activity ~ May 1-7, 2023

Last week Lake Oswego logged 28 properties entering the market (New), 23 moving to Pending status, and 17 that Sold/Closed. There are currently 143 properties available ranging from $154,900 to $9,900,000.

Here is the breakdown:

NEW May 1-7, 2023

Address	List Price	Beds	Baths	SF	Prop Type
100 KERR PKWY #48	$229,000	1	1	617	CONDO
45 EAGLE CREST DR #400	$289,950	3	2	1348	CONDO
86 KINGSGATE RD, B104	$299,900	2	2	938	CONDO
16309 LAKE FOREST BLVD	$599,900	3	2	1583	DETACHD
103 KINGSGATE RD	$600,000	3	2.1	1352	DETACHD
1221 BOCA RATAN DR	$600,000	3	2.1	1739	ATTACHD
5785 KIMBALL CT	$679,000	4	2	1346	DETACHD
14345 HOLLY SPRINGS RD	$685,000	4	2.1	1940	CONDO
260 CERVANTES	$690,000	3	2.1	2551	ATTACHD
4959 DOGWOOD DR	$749,900	3	2	2120	DETACHD
5364 ROSEWOOD ST	$790,000	4	2.1	1980	DETACHD
1421 CHERRY CREST DR	$925,000	4	3	2785	DETACHD
14318 CAMDEN LN	$945,000	4	2.1	2980	DETACHD
4783 BLACK FOREST CT	$974,500	4	3	2166	DETACHD
3231 DUNCAN DR	$1,175,000	4	2.1	2852	DETACHD
1031 SUNNINGDALE RD	$1,200,000	3	2	1917	DETACHD
2415 PARK RD	$1,265,000	4	2.1	2748	DETACHD
17382 BROOKHURST DR	$1,285,000	4	3.1	3725	DETACHD
7 NANSEN	$1,395,000	4	4.1	5640	DETACHD
4410 LORDS LN	$1,399,000	5	3.1	3499	DETACHD
2944 VALE CT	$1,400,000	4	2.1	3392	DETACHD
5811 STEWART GLENN CT	$1,550,000	4	2.1	3930	DETACHD
17258 KELOK RD	$1,585,000	3	2	3742	DETACHD
804 2ND ST	$1,875,000	5	2.1	2961	DETACHD
3721 UPPER DR	$1,995,000	4	2.1	3249	DETACHD
14381 FOSBERG RD	$2,150,000	4	3.1	5028	DETACHD
1901 CHILDS RD	$2,950,000	4	3	3716	DETACHD
14050 GOODALL RD	$2,999,900	5	4.2	6943	DETACHD

PENDING May 1-7, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
45 EAGLE CREST DR #302	$229,000	1	1	768	CONDO	4
4000 CARMAN DR, A5	$300,000	2	2	869	CONDO	6
10 GREENRIDGE CT	$520,000	3	1.1	2063	ATTACHD	11
15960 SW LAKE FOREST BLVD	$540,000	3	1	1080	DETACHD	172
18314 SW FERNBROOK CT	$550,000	3	1.1	1036	DETACHD	6
1302 BOCA RATAN DR	$615,000	3	2.1	1739	CONDO	24
14428 HOLLY SPRINGS RD	$650,000	3	2.1	1372	CONDO	86
4967 GALEN ST	$725,000	3	2.1	2223	DETACHD	37
4959 DOGWOOD DR	$749,900	3	2	2120	DETACHD	3
17515 Tree Top Way	$809,900	3	2	1975	DETACHD	3
12770 SIERRA VISTA DR	$885,000	4	2.1	2665	DETACHD	4
60 TOUCHSTONE	$885,000	4	3	2657	DETACHD	9
14141 GOODALL RD	$895,000	3	2.1	1988	DETACHD	292
18 BECKET ST	$1,070,000	3	2.1	4553	DETACHD	14
16121 PARELIUS CIR	$1,375,000	4	2.1	3506	DETACHD	4
2944 VALE CT	$1,400,000	4	2.1	3392	DETACHD	2
16429 BONAIRE AVE	$1,750,000	4	3.1	3036	DETACHD	5
814 LAKE SHORE RD	$1,790,000	3	2.2	2385	DETACHD	13
718 MAPLE ST	$1,949,000	3	2.1	4023	DETACHD	251
16693 PHANTOM BLUFF CT	$2,000,000	3	3	3201	DETACHD	4
14381 FOSBERG RD	$2,150,000	4	3.1	5028	DETACHD	1
1425 CHANDLER RD	$3,790,000	5	5.1	5692	DETACHD	236
1199 FAIRWAY RD	$4,195,000	4	4.2	5527	DETACHD	209

SOLD May 1-7, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
212 GREENRIDGE DR	$549,000	$547,000	3	2	1392	ATTACHD	1
206 GREENRIDGE DR	$597,000	$600,000	3	2	1362	ATTACHD	32
13125 VERMEER DR	$695,000	$698,000	4	2.1	2046	DETACHD	5
18701 BRYANT RD	$789,000	$749,900	3	2	1995	DETACHD	33
7 SPINOSA	$749,900	$758,000	3	3	2295	DETACHD	204
19211 INDIAN SPRINGS RD	$759,000	$760,000	4	3	2132	DETACHD	71
16932 GREENTREE AVE	$950,000	$835,000	4	3	3440	DETACHD	66
17502 ERIN CT	$999,000	$975,000	4	3	3142	DETACHD	7
624 LIVINGOOD LN	$975,000	$995,000	4	3	2612	DETACHD	3
3802 SOUTHSHORE BLVD	$995,000	$1,010,000	4	3	1908	DETACHD	3
1031 SUNNINGDALE RD	$1,200,000	$1,200,000	3	2	1917	DETACHD	0
16800 Lakeridge DR	$1,290,000	$1,220,000	4	3	2416	DETACHD	30
5811 STEWART GLENN CT	$1,550,000	$1,500,000	4	2.1	3930	DETACHD	0
2126 WEMBLEY PL	$1,795,000	$1,625,000	4	3.1	3603	DETACHD	83
3556 CARMAN DR	$2,200,000	$2,400,000	5	3.1	4000	DETACHD	118
13050 FIELDING RD	$3,200,000	$3,200,000	4	5	4805	DETACHD	1
2643 SOUTHSHORE BLVD	$3,695,000	$3,595,000	3	3.2	4872	DETACHD	93

May 7, 2023May 7, 2023

Summer at the Library

The Lake Oswego Library has some really fun activities planned for the summer season.

Let’s start with The Seed Library. That’s right, a seed library. Housed is a repurposed card catalogue at the Fiction desk, there is literally a huge selection of seeds for you to take home and grown in your garden. The seeds are for plants that do well in our area. The seeds do not have to be returned, but your are encouraged to harvest seeds from what you grow and donate them back to the library for someone else’s enjoyment.

The Summer Library Challenge is for children, teens and adults. Kids will receive a free book just for signing up. Then, all summer long, they will have chances to win prizes as they read books. Adults can set their own challenge, share their progress through the summer, and get chance to win a Powell’s gift card and a two-night stay at the Sylvia Beach Hotel in Newport, Oregon.

The Children’s Library is offering Take-Away Crafts each week from June 19th to August 11th. Simply drop by the library, pick up your craft, and take it home with you for a fun summer diversion.

Then there is Programs in the Park. Every Wednesday, June 21st to August 9th, from 2-3pm, at Rossman Park (555 4th St) drop in for crafts, nature workshops, art activities, special guests, and more. Then, enjoy the end of summer party on August 16th.

You can sign up for the summer challenge by clicking here.

The Lake Oswego Library is about so much more than books! It’s truly a treasure in our community.

Dianne