Property Blotter

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

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 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

August 11, 2023August 11, 2023

An Economic Snapshop

This past week I attended a webinar that featured Laurence Yun, the chief economist for the National Association of Realtors, and Dr Jessica Lautz, the VP of research for the National Association of Realtors. It was very interesting.

Here are some takeaways:

The increased interest rates are having an impact. Home sales are down 23% since January of 2022. I think the biggest impact is happening for first-time buyers. Interest rates have doubled in the last year and that has priced out many first-time buyers. They generally have smaller down payments and larger mortgages. I don’t think that this is having too much of an impact here in LO. Condos are still selling very strongly and a good deal of our market is dominated by buyers who are bringing equity from a home that they have sold.

People are moving less often, but are moving greater distances. It used to be on average every 5 years that folks moved. Today, that number is every 10 years. In addition, whereas in 1989 people on averaged moved 1 mile away from their previous home, today the average is 50 miles. So many people now work from home, which has really enhanced people’s options.

Cash buyers now account for 25% of sales. This percentage was 20% pre-pandemic.

I’ve posted the most recent market numbers according to the RMLS. You’ll see that some parts of the metro area have actually experienced depreciation. It’s been years since I’ve seen this. Columbia County and North Portland are particularly hard hit. The good news is that Lake Oswego is holding on and still doing comparatively well.

As of June inflation is at about 3%. 2% is considered to be optimum. It takes time for the results of the Federal Reserve adjustments to be felt in the economy. Mr Yun predicted that by the end of this year the Fed will easy up on interest rates. I am going to hope so.

After several decades in this business I’ve seen and experienced the cycles. We had such a booming market from 2016 to 2022. Appreciation was double digit annually for several years in a row. The economy making adjustments is normal and healthy. Yes, interest rates have priced out many first-time buyers, but so has the cost of housing. We need the entry level buyers. I think I’ll call it trickly up economics. That first-time buyer creates a second- time buyer.

Please reach out to Linda or I if you have any questions. And, as always, thank you for reading the blotter.

Dianne

August 9, 2023August 9, 2023

Market Activity July 31-Aug 6, 2023

Last week in Lake Oswego there were 18 new listings, two of which sold quickly and appear in this report as pending sales. There were 18 pending sales and 13 sold/closed properties.

See below for RMLS data.

New on the Market July 31-Aug 6, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
5225 Jean Rd #307	Condo	$425,000	2	2	1100
4469 Golden Ln	Condo	$439,500	2	2.5	2002
2 Condolea Dr	Condo	$469,000	2	2	1312
12886 Boones Ferry Rd	Condo	$475,000	2	2.5	1182
16 Aquinas St	Detached	$699,000	3	2.5	1720
5187 Rosewood St	Detached	$770,000	3	2.5	1654
16950 Lakeridge Dr	Detached	$868,000	4	2.5	2346
12974 Knaus Rd	Detached	$1,095,000	3	3.5	3169
5382 Royal Oaks Dr	Detached	$1,180,000	4	2.5	2970
3620 Wren St	Detached	$1,189,000	4	3.5	3056
13531 Fielding Rd	Detached	$1,395,000	4	3.5	4566
233 E Ave	Detached	$1,400,000	3	1	1150
4255 Chad Dr	Detached	$1,425,000	4	3.5	385
4353 Snowbrush Ct	Detached	$1,500,000	5	3.5	3808
19175 Pilkington Rd	Detached	$2,300,000	5	4	4129
2275 Glen Haven Rd	Detached	$2,349,000	4	4	4109

Pending Sales July 31-Aug 6, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
205 Cervantes	Condo	$275,000	2	1.5	1216	15
45 Eagle Crest Dr #400	Condo	$279,000	3	2	1348	89
5062 Foothills Dr G	Condo	$439,000	2	2	1252	35
18316 Terry Ave	Detached	$574,900	3	1.5	1250	39
18963 Longfellow Ave	Detached	$659,900	3	1.5	1232	73
16 Britten Ct	Attached	$665,000	3	2.5	1972	1
19443 Kokanee Ct	Detached	$775,000	4	2.5	2888	24
13388 Auburn Ct	Attached	799,500	3	2.5	2492	48
1714 Greentree Rd	Detached	$799,900	4	3	3110	89
2432 Park Rd	Detached	$875,000	4	3	2386	5
1855 Cloverleaf Rd	Detached	$899,900	5	3	2870	1
2411 Glen Eagles Rd	Detached	$1,250,000	5	2.5	2100	9
17532 Oak Meadow Ln	Detached	$1,299,900	5	3	3046	35
17299 Lake Haven Dr	Detached	$1,329,000	4	2.5	2656	4
2301 Wembley Park Rd	Detached	$2,100,000	4	3.5	3600	23
611 Ridgeway Rd	Detached	$2,139,000	4	5.5	4847	42
915 Oak Terr	Detached	$2,324,900	4	4	3816	298
1120 Crestline Ct	Detached	$4,950,000	5	5.5	6440	28

Sold/Closed July 31-Aug 6, 2023

Address	Type	List Price	Closed Price	Sq Feet	CDOM
4901 Childs Rd	Detached	$497,000	$415,000	1440	40
14318 Camden Ln	Detached	$945,000	$806,000	2980	57
18591 Waxwing Way	Detached	$889,000	$933,000	2145	5
17079 Cherry Crest Ave	Detached	$1,100,000	$955,000	3002	41
592 Weidman Ct	Detached	$1,150,000	$1,060,000	3035	38
5525 Bay Creek Dr	Detached	$1,100,000	$1,100,000	3377	2
20 Nansen Summit	Detached	$1,220,000	$1,150,000	3768	43
5726 Charles Circle	Detached	$1,339,000	$1,240,000	3196	45
17269 Bryant Rd	Detached	$1,399,990	$1,400,000	3641	32
655 7th St	Detached	$1,999,000	$1,975,000	2796	23
3331 Fir Ridge Rd	Detached	$2,499,000	$2,360,000	3771	276
2410 Glen Eagles Rd	Detached	$3,400,000	$3,000,000	3523	39
584 Ridgeway Rd	Detached	$5,250,000	$5,130,000	4944	17

August 6, 2023August 7, 2023

This Week in Lake Oswego

Below are my picks for what to do in Lake Oswego this week!

Mon, Aug 7, 2023 – 7:00 PM– Development Review Meeting – Learn about new & upcoming development projects in Lake Oswego, and/or register to participate. – More Info: CLICK HERE

Tues, Aug 8 2023 – 2:30PM-4:30 PM – Slow Jam ~ Dust off your musical instrument and come join others in a relaxed setting to make some music together! – ACC, 505 G Avenue Lake Oswego More Info: CLICK HERE

Wed, Aug 9, 2023 – 6:30-8:30 AM –“Jennifer Batten & Full Steam” Wednesday Concert Series~ Come to Westlake Park for this amazing opportunity to experience one of our contemporary greats! From Superbowl halftime shows, touring with Michael Jackson, collaborating and touring with Jeff Beck, performing for Cirque Du Soleil in Las Vegas, and being inducted into Guitar Player Magazines “Gallery of the Greats” the list of accolades and accomplishments goes on and on. Her latest project is “Jennifer Batten & Full Steam” featuring some of Portland’s finest talent- More Info : CLICK HERE

Thurs, Aug 10, 2023 -1-3 PM – Scrabble! ~Come enjoy pl;aying this timeless word game & make new friends! ACC, 505 G Ave. – More Info: CLICK HERE

Fri, Aug 11, 2023 – 11:30-12:30 AM -Lunch 2 Go ~ Enjoy a lunch prepared for you to go! Suggested donation $5, or $2-$4 for seniors. Order by 24 hrs ahead. Pick up at 505 G Ave More Info: CLICK HERE

Sat, Aug 12, 2023 – 8:30 AM-1:30 PM– Lake Oswego Farmers’ Market – Enjoy the region’s finest food, artisan crafts, music & fun. It’s a summertime staple in lake Oswego! – Millennium Plaza Park, 200 1st Street More Info : CLICK HERE

Sun, June 18, 2023 -A Bookish Affair- 11-12 PM – Meet on Zoom with other Romance & “Happily Ever After” Enthusiasts! This week they’ll discuss Secret Lives of Country Gentlemen by KJ Charles.. – More Info: CLICK HERE

August 5, 2023August 5, 2023

Market Activity ~ July 24-30, 2023

last week there were 18 properties entering the market in Lake Oswego (new), 14 accepted Offers (Pending) and 11 that Closed/Sold. Right now there are 192 properties available ranging from $237,500 to $11.5 mil.

Here is the breakdown:

NEW July 24-30, 2023

Address	List Price	Beds	Baths	SF	Prop Type
3433 MCNARY PKWY #203	$299,000	2	2	1008	CONDO
4 TOUCHSTONE DR #152	$344,000	3	2.1	1351	CONDO
4089 JEFFERSON PKWY	$445,000	2	2.1	1361	CONDO
580 S STATE ST	$479,000	3	1	959	CONDO
89 KINGSGATE RD	$698,000	3	2.1	1713	DETACHD
4 ADAMS CT	$699,900	4	2.1	2287	DETACHD
16266 PARKER RD	$829,900	4	2	2014	DETACHD
4736 AMHERST CT	$834,900	3	2.1	2929	ATTACHD
2432 PARK RD	$875,000	4	3	2386	DETACHD
1525 IVY CT	$875,000	4	2.1	2163	DETACHD
2401 MAYORS LN	$900,000	4	3	3076	DETACHD
5418 WASHINGTON CT	$1,050,000	3	2.1	2186	DETACHD
2411 GLEN EAGLES RD	$1,250,000	5	2.1	2100	DETACHD
17299 LAKE HAVEN DR	$1,329,000	4	2.1	2656	DETACHD
18635 WESTVIEW DR	$1,549,000	5	5	4943	DETACHD
16827 SCOTT CT	$1,599,000	4	3.1	4179	DETACHD
21 D AVE #9	$2,000,000	2	2.1	2291	CONDO
2066 GLENMORRIE DR	$2,750,000	$4	4.1	4978	DETACHD

PENDING July 24-30, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE DR #152	$344,000	3	2.1	1351	CONDO	2
6336 FROST ST	$525,000	4	2	2200	DETACHD	59
1127 Cedar St.	$575,000	3	1	1848	DETACHD	50
219 HIDALGO ST	$799,000	4	2.1	3756	DETACHD	50
31 WALKING WOODS DR	$825,000	4	3	2855	DETACHD	25
5311 CHILDS RD	$849,500	4	2.1	1929	DETACHD	14
875 LEE ST	$850,000	3	2	2200	DETACHD	40
4855 CENTERWOOD ST	$850,000	3	2.1	2210	DETACHD	28
15911 FIR GROVE CT	$915,000	4	2.1	2584	DETACHD	74
412 LIVINGOOD LN	$950,000	5	2.1	3880	DETACHD	33
1888 OAK KNOLL CT	$1,450,000	4	3.1	3022	DETACHD	58
18635 WESTVIEW DR	$1,549,000	5	5	4943	DETACHD	2
21 D AVE #9	$2,000,000	2	2.1	2291	CONDO	0
17254 BLUE HERON RD	$2,174,900	3	3	3479	DETACHD	25

SOLD July 24-30, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
5225 JEAN RD #309	$395,000	$385,000	$2	2	1100	CONDO	15
39 GREENRIDGE CT	$500,000	$500,000	$3	1.1	1652	ATTACHD	5
440 BOCA RATAN DR	$769,900	$785,000	$3	2	1934	DETACHD	4
2410 PARK RD	$799,999	$810,000	$3	2.1	1969	DETACHD	4
14799 UPLANDS DR	$900,000	$815,000	$4	2	2150	DETACHD	43
840 LAKE FOREST DR	$875,000	$900,000	$3	3	2344	DETACHD	5
4410 LORDS LN	$1,399,000	$1,200,000	$5	3.1	3499	DETACHD	17
7 NANSEN	$1,395,000	$1,250,000	$4	4.1	5640	DETACHD	51
586 WEIDMAN CT	$1,275,000	$1,275,000	$5	3.1	3796	DETACHD	3
15470 BOONES WAY	$1,390,000	$1,296,000	$3	2.1	3515	ATTACHD	121
5015 DENTON DR	$1,299,500	$1,335,000	$4	2.1	3131	DETACHD	2