Property Blotter

March 30, 2023March 30, 2023

Market Activity ~ March 20-26, 2023

Last week Lake Oswego had 12 properties enter the market (New), 13 move to Pending/Accepted-Offer status, and 8 that Closed/Sold.

Right now there are 110 properties available in Lake Oswego ranging from $176,900 to $9.9 mil.

Here is the breakdown:

NEW March 20-26, 2023

Address	List Price	Beds	Baths	SF	Prop Type
47 EAGLE CREST DR #31	$242,500	2	1	1009	CONDO
200 BURNHAM RD #306	$354,900	2	1	1199	CONDO
16200 PACIFIC HWY #14	$500,000	2	2	1207	CONDO
17635 DEEMAR WAY	$695,000	4	2	1513	DETACHD
13125 VERMEER DR	$715,000	4	2.1	2046	DETACHD
647 2ND ST	$795,000	2	2	1457	ATTACHD
644 ELLIS AVE	$875,000	4	2	2335	DETACHD
7 BECKET ST	$999,000	4	3.1	4176	DETACHD
430 9TH ST	$1,199,000	2	2	2756	DETACHD
1633 MAPLE ST	$1,495,000	3	3	3448	DETACHD
17101 CAMPUS WAY	$1,850,000	4	4.1	3367	DETACHD
13570 GOODALL RD	$3,850,000	6	4.1	6211	DETACHD

PENDING March 20-26, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
46 CRESTFIELD CT/Upper	$295,000	2	1	923	CONDO	3
200 BURNHAM RD #303	$359,000	2	1	1185	CONDO	18
16880 TRACY AVE	$510,000	3	1	1080	DETACHD	63
5857 CARMAN DR	$575,000	2	1	972	DETACHD	121
206 GREENRIDGE DR	$597,000	3	2	1362	ATTACHD	5
16932 GREENTREE AVE	$850,000	4	3	3440	DETACHD	66
644 ELLIS AVE	$875,000	4	2	2335	DETACHD	3
4199 FRUITWOOD CT	$949,000	3	2	2230	DETACHD	3
430 9TH ST	$1,199,000	2	2	2756	DETACHD	2
3131 WESTVIEW CT	$1,750,000	4	4.1	4597	DETACHD	28
840 9TH ST	$2,150,000	4	4.1	2835	DETACHD	4
15880 OSWEGO SHORE CT	$2,175,000	5	3.1	3977	DETACHD	26
13777 CAMEO CT	$3,395,000	5	5.1	6984	DETACHD	240

SOLD March 20-26, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
1805 Headlee LN	$850,000	$850,000	2	2	2388	DETACHD	7
1550 BEDFORD CT	$845,000	$857,135	3	2.1	2411	DETACHD	3
18451 WAXWING ST	$975,000	$1,100,000	4	2.1	2730	DETACHD	2
17390 GRANDVIEW CT	$1,450,000	$1,465,000	4	4.2	4502	DETACHD	8
16515 INVERURIE RD	$1,879,900	$1,876,400	5	3.1	3490	DETACHD	3
15784 TWIN FIR RD	$1,990,900	$1,930,000	3	2.1	3471	DETACHD	5
4694 UPPER DR	$2,098,000	$2,000,000	3	3	3637	DETACHD	53
2485 GREENTREE RD	$2,325,000	$2,149,000	4	4	3853	DETACHD	186

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) .

March 26, 2023March 26, 2023

Featured Neighborhood: Evergreen

There are 25 distinct neighborhoods in Lake Oswego. 23 of the 25 have active neighborhood associations, including Evergreen. These are not Homeowners Associations. They don’t have rules and regulations or charge dues. Rather, they give neighbors a place to discuss the character of their community and organize as a group when issues arise.

Located South of A Avenue, West of 10th Street, North of the lake, and East of State Street, the primary feature of this neighborhood, in my opinion, is it’s easy access to restaurants, the Farmer’s Market, and downtown LO.

Housing includes condos, townhouses, detached homes and apartments. There are currently just two houses for sale. Both are new construction of about 5,000 square feet and pretty expensive: $3,600,000 and $3,825,000. There are two houses in escrow: a 1952 “fixer” for $875,000 and a lakefront house on Cabana Lane for $2,498,000. In the last 6 months 4 houses have been sold. The least expensive was fairly large house built in 1958 that sold for $864,000 and a 2022 built house that sold for $2,095,000.

Cabana Lane is one of my favorite streets in Lake Oswego. The houses are built on stilts over the water of the lake. They are very close together and have small front yards, but their back yards are, literally, the lake. Most of these houses have attached boat garages. This truly is lake living.

It’s a very walkable neighborhood with quiet streets and abundant, large trees. I personally love to take walks in the Evergreen neighborhood. I park my car at Foothills Park and then take the Curlicue Trail up into the Evergreen area. My walk includes the loop around Lakewood Bay. It’s mostly flat and just really lovely. As a bonus, I can take a break for coffee at Peets, or lunch at one of the many restaurants in the area.

To learn more about the area, here is a link to the Evergreen Neighborhood Association. https://sites.google.com/site/evergreenneighborhood/

I hope you enjoyed learning about another of LO’s great neighborhoods. As always, thanks for reading the blotter.

Dianne

March 24, 2023March 24, 2023

Market Activity March 13-19, 2023

Last week in Lake Oswego there were 5 new listings, one of which sold quickly and appears here as a pending sale, 11 houses that went pending, and 6 sold/closed properties.

I find myself intrigued by the low number of new listings. This is the time of year when they amp up. We should see this number increase significantly in the next 30 days.

See below for RMLS data.

New on the Market March 13-19, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
13254 Twin Creek Ct	Detached	$1,188,000	4	2.5	3470
2318 Hillside Ln	Detached	$1,195,000	4	4.5	3258
2020 Wembley Park Rd	Detached	$1,199,000	3	2	1712

Pending Sales March 13-19, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
4433 Thunder Vista Ln	Condo	$450,000	2	2.5	2002	7
16061 Waluga Dr	Detached	$450,000	1	1	676	45
11 Eagle Crest Dr	Detached	$575,000	2	2	1522	4
5133 Timbergrove St	Detached	$649,900	3	2	1440	25
1865 Mapleleaf Rd	Detached	$799,900	3	2	1686	12
567 2nd St	Condo	$1,095,000	2	2	1412	2
765 10th St	Detached	$1,099,000	3	3	2526	122
18490 Ray Ridge Dr	Detached	$1,100,000	3	3.5	3426	4
16800 Lakeridge Dr	Detached	$1,290,000	4	3	2416	11
13310 Atwater Ln	Detached	$2,350,000	5	4	5697	22
13132 Thoma Rd	Detached	$2,975,000	5	5.5	5434	336

Sold/Closed March 13-19, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
30 Crestfield Ct #30	Condo	$339,000	$315,000	9989	11
23 Aquinas St	Detached	$775,000	$775,000	1840	10
1265 Rockinghorse Ln	Detached	$875,000	$850,000	2452	211
24 Grouse Ter	Detached	$1,200,000	$1,100,000	3673	16
776 Carrera Ln	Detached	$1,499,000	$1,375,000	3449	221
15791 Twin Fir Rd	Detached	$1,739,000	$1,620,000	4035	197

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

March 19, 2023March 21, 2023

Feb 2023 – Portland Neighborhood Stats + LO

Overview/Fluctuations ~ February 2023 Market Data:

It’s kind of a mixed bag of information coming in from last month’s data and current events. Firstly, Inventory took a dip in February contrasting with the steady rise we’ve been seeing over the last 5 months. Word on the street is that the photographers are very busy with Listing photo shoots, so it is likely a brief anomaly, but we’ll see when the March numbers come out. Overall I’d say it’s maybe a bit of a slow start, but we don’t really see the market dress up with everybody coming out to the party till March/April anyway. Closed sales are up 31.8% over January and prices are generally rising back from the drop they took in January (see Neighborhood Report below). Of course the big news right now is the banking sector and the way those issues will or will not affect interest rates and the Fed’s actions.

Rates: “After several weeks of pressure on rates moving higher, we are seeing a pullback with rates dropping to the lower 6% range.

Gary Boyer, Regional VP, Directors Mortgage

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

There were 1,764 New Listings in Feb– down 31.4% from 2,571 in Feb 2022 and also down 9.0% from the previous month/Jan’s 1,938.
At 1,434 Feb 2023’s Closed Sales (Solds) are down 26.0% from Feb 2022’s 1,939, and/but up 31.8% from the previous month/Jan 2023’s total of 1,088.
At 1,703 Feb 2023’s Pending Sales (Accepted Offers) are down 30.5% from Feb 2022’s 2,452, and also down a smaller fraction of 3.8% from the previous month/Jan’s total of 1,771.
The Average Sale Price for February 2023 of, $569,200 is down $13,000 from last year/Feb 2022’s $582,200, and up a significant $36,300 from the previous month/Jan’s $532,900.
The “Median” Sale Price (the price smack dab in the middle of all sales) in February 2023 of $512,900 dropped $12,100 from Feb 2022’s $525,000, and is up $23,400 from January 2023’s $489,500.

LAKE OSWEGO (February 2023):

149 Active Listings (Jan 132)
92 New Listings (Jan 81)
54 Pending Sales (Jan 75
58 Closed Sales (Jan 38)
Average Sale Price for Nov: $984,400 (Jan $1,005,400)
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.
57 Days on the Market (Jan 58)

March 15, 2023March 15, 2023

Market Activity ~ March 6-12, 2023

This last week Lake Oswego had 18 properties enter the market (New), 12 move to Pending/Accepted Offer stage, and 7 that Sold/Closed. Right now there are 112 properties to choose from in lake Oswego ranging from $176,900 to $9.9 mil.

Here is the breakdown of last week’s activity:

NEW March 6-12, 2023

Address	List Price	Beds	Baths	SF	Prop Type
4 TOUCHSTONE #119	$235,000	3	2.1	1351	CONDO
16250 PACIFIC HWY #71	$369,999	2	2	1305	CONDO
4459 GOLDEN LN, Grnd	$445,000	3	2.1	1737	CONDO
4433 THUNDER VISTA LN, Grnd	$450,000	2	2.1	2002	CONDO
46 GREENRIDGE CT	$685,000	3	2.1	2036	ATTACHD
4748 AMHERST CT	$695,000	3	2.1	3015	ATTACHD
18701 BRYANT RD	$789,000	3	2	1995	DETACHD
1865 MAPLELEAF RD	$799,900	3	2	1686	DETACHD
7 HOTSPUR ST	$825,000	4	3	2195	DETACHD
17950 SAINT CLAIR DR	$875,000	4	2.1	2895	DETACHD
18490 RAY RIDGE DR	$1,100,000	3	3.1	3426	DETACHD
5308 SOUTHWOOD DR	$1,195,000	4	3	3003	DETACHD
5290 CHILDS RD	$1,499,000	4	4.1	3671	DETACHD
17623 BROOKHURST DR	$1,575,000	3	3.2	4194	DETACHD
614 CABANA LN	$2,498,000	3	3	3257	DETACHD
13581 GOODALL RD	$3,100,000	4	4.1	5141	DETACHD
3531 Lake Grove AVE	$3,850,000	4	3.2	5036	DETACHD
3358 LAKEVIEW BLVD	$5,200,000	5	4	5133	DETACHD

PENDING March 6-12, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
1120 BOCA RATAN DR	$550,000	3	2	1611	ATTACHD	44
14 PREAKNESS CT	$749,000	2	2.1	2190	ATTACHD	5
1501 FERNWOOD DR	$779,900	4	3	1934	DETACHD	6
4997 MULHOLLAND DR	$799,900	2	2.1	2468	DETACHD	33
1550 BEDFORD CT	$845,000	3	2.1	2411	DETACHD	3
5308 SOUTHWOOD DR	$1,195,000	4	3	3003	DETACHD	2
2329 STONEHURST CT	$1,250,000	4	3	3622	DETACHD	5
4871 CENTERWOOD ST	$1,300,000	5	3	2749	DETACHD	3
4694 UPPER DR	$2,098,000	3	3	3637	DETACHD	53
614 CABANA LN	$2,498,000	3	3	3257	DETACHD	2
13581 GOODALL RD	$3,100,000	4	4.1	5141	DETACHD	1
1455 CHANDLER RD	$5,474,900	5	6.1	5588	DETACHD	155

SOLD March 6-12, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
44 EAGLE CREST DR, Lower	$265,000	$290,000	3	2	1085	CONDO	5
1731 ASPEN CT	$619,000	$614,000	3	2	1440	DETACHD	4
13991 MAJESTIC CT	$789,000	$812,000	3	2	1765	DETACHD	6
17950 SAINT CLAIR DR	$875,000	$860,000	4	2.1	2895	DETACHD	0
1466 Nelson CT	$1,195,000	$1,124,000	4	3.1	3169	DETACHD	137
1745 MAPLELEAF RD	$1,800,000	$1,610,000	5	3.1	3661	DETACHD	100
2671 GLEN EAGLES RD	$1,895,000	$1,760,000	3	3	4014	DETACHD	274

March 11, 2023March 10, 2023

The Booktique

Lake Oswego has a very special book store, The Booktique. Founded in 1991 by Friends of the Lake Oswego Public Library, it supports library programs such as Lake Oswego reads, the summer reading program, books for babies and more. In 2016 it was chosen by The Oregonian as one of the 10 best bookstores in the Portland area.

Books come from the library itself, but most are donated. Books must be in good condition. You can donate one box or two bags of books per week. With two locations, you can shop in person or on-line. The average inventory is 15,000 books in every subject imaginable. They also offer LPs, CDs, and Blue-Ray.

The money raised is not a replacement of library support from government funds. Rather it is an enhancement to those funds to allow the library to offer more services to the community.

The two locations are 380 A Ave, Suite B and 4 Monroe Parkway Suite D. For store hours and to shop on-line, click here.

I use the library quite a lot. I hope you have found this information useful. And, as always, thank you for reading The Blotter.

Dianne

March 10, 2023March 10, 2023

Market Activity Feb 27-Mar 5, 2023

Last week in Lake Oswego we had 6 new listings, 10 properties move to pending status, and 12 closed sales.

See below for RMLS data.

New on the Market Feb 27-Mar 5, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
204 Cervantes	Condo	$360,000	3	1	1138
200 Burnham Rd #303	Condo	$369,000	2	1	1185
18400 Indian Creek Dr	Detached	$825,000	4	3	1736
2025 Wembley Park Rd	Detached	$1,249,900	3	2.5	2901
17649 Woodhurst Pl	Detached	$1,550,000	5	4.5	5669
1611 Leslie Ln	Detached	$4,450,000	5	5.5+.5	6979

Pending Sales Feb 27-Mar 5, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
44 Eagle Crest Dr #23	Condo	$229,900	1	1	798	44
219 Cervantes	Condo	$320,000	2	2	1100	110
5133 Timbergrove St	Detached	$649,900	3	2	1440	11
1206 Cedar St	Detached	$725,000	3	1.5	1426	15
49 Da Vinci St	Detached	$840,000	3	2	2351	24
1805 Headlee Ln	Detached	$850,000	2	2	2388	7
16932 Greentree Ave	Detached	$899,000	4	3	3440	7
19863 Sycamore Ave	Detached	$1,050,000	4	3	2961	7
2485 Greentree Rd	Detached	$2,199,900	4	4	3853	186
17435 Wren Ct	Detached	$3,695,000	4	4.5	4134	52

Sold/Closed Feb 27-Mar 5, 2023

Address	Type	List Price	Closed Price	Sq Feet	CDOM
47 Eagle Crest Dr #18	Condo	$249,999	$249,999	932	12
200 Burnham Rd #304	Condo	$365,000	$358,000	1305	6
12826 Boones Ferry Rd	Condo	$464,900	$450,000	1182	192
20 Wheatherstone	Condo	$479,000	$485,000	1692	154
16 Hotspur St	Detached	$799,000	$772,000	2335	5
17808 Cardinal Pl	Detached	$899,000	$975,000	2008	5
757 C Ave	Detached	$1,499, 000	$1,243,000	2948	76
13052 Knaus Rd	Detached	$1,400,000	$1,375,000	3026	23
18975 Olson Ave	Detached	$1,850,000	$1,668,000	3569	144
852 E Ave	Detached	$1,850,000	$1,979,000	2839	109
4938 Park Bluff Pl	Detached	$2,495,000	$2,470,050	4046	167
3917 Southshore Blvd	Detached	$5,200,000	$4,925,000	5083	0

March 5, 2023March 5, 2023

This Week In Lake Oswego

Here are my picks for what to do this week in Lake Oswego, either online or in person:

Mon, Mar 6, 2023 – 6-7:30 PM– McVey/Stafford Corridor Vision Study- Virtual Presentation – This busy location in Palisades has received lots of input as to how to best change things to move people and traffic more effectively and safely. It’s such an important area of Lake Oswego- Tune in for the Zoom presentation Monday night. – For More Info & Zoom Link: CLICK HERE

Tues, Mar 7, 2023 – 6:00PM-7:00PM – First Tuesday Music ~ Overbridge Jazz Band – Lake Oswego Library presents these great local jazz musicians (Tyler Waltner on saxophone, Riley Harris on piano, Luke Hendrickson on bass, and Anderson Donley on drums) who are keeping the music of Miles Davis, Louis Armstrong and more alive! Described as “horn heavy swing, bebop, and Latin tunes”, the Library will be hoppin’ Tuesday night! – Lake Oswego Library, 706 4th St, Lake Oswego More Info: CLICK HERE

Wed, Mar 8, 2023 – 10:00-11:30AM – Geneology Interest Group~ Meet in person or online on the 2nd Wed of each month with others interested in geneology research. 505 G Ave – More Info + Link: CLICK HERE

Thurs, Mar 9, 2023 – 10:00-11:00AM–Scams & Frauds – Lake Oswego Police Presentation ~ In-person at the ACC – Scammers are trying to steal your money and information. Let Lake Oswego Police arm you with some great tips & resources. ~ACC, 505 G Ave, Lake Oswego- More Info: CLICK HERE

Fri, Mar 10, 2023 – 7:00-9:00PM – Living Well Dance – featuring the Millennium Dance Band ~ Come dance! Dance music as performed by the “Big Bands” of the 1930’s, 40’s, and 50’s, with an occasional ballroom favorite. $7.00 at the door ~ CCP, 1060 Chandler Rd. – All ages are invited (14 and under w/an adult) – More Info: CLICK HERE

Sat, Mar 11, 2023 – 9:00-11:00AM– Stewardship Work Party at Springbrook Park- Bring some gloves, water & closed-toed shoes to join Friends of Springbrook Park in caring for the shaded fuel break along park and private property in these 52 natural acres. – 2055 Wembley Park Rd. Behind Uplands Elem. (playground by park kiosk) More Info : CLICK HERE

Sun, Mar 12, 2022 -A Bookish Affair (Online)- 11:00AM-12:00PM – Open to all devotees of romance & happily-ever-after! Book Club focusing on diverse voices & every kind of love story. ~ More Info + Links & Registration: CLICK HERE

March 4, 2023March 5, 2023

Market Activity ~ Feb 20-26, 2023

Last week Lake Oswego had 13 properties enter the market, 4 move to Pending/Accepted Offer status, and 6 Closed/Sold. Right now in Lake Oswego there are 110 properties available ranging from $176,900 to $9.9 mil.

Here is the breakdown according to RMLS:

NEW Feb 20-26, 2023

Address	List Price	Beds	Baths	SF	Prop Type
16240 PARKER RD	$729,000	3	2	1454	DETACHD
1805 Headlee LN	$850,000	2	2	2388	DETACHD
18451 WAXWING ST	$975,000	4	2.1	2730	DETACHD
19863 SYCAMORE AVE	$1,050,000	4	3	2961	DETACHD
3131 WESTVIEW CT	$1,750,000	4	4.1	4597	DETACHD
15880 OSWEGO SHORE CT	$2,225,000	5	3.1	3977	DETACHD
13310 ATWATER LN	$2,350,000	5	4	5697	DETACHD
2101 GOODALL CT	$2,795,000	4	4.1	4290	DETACHD
3610 EENA RD	$3,480,000	5	4.1	4128	DETACHD
4200 OLD GATE RD	$3,500,000	5	4.1	4734	DETACHD
13560 GOODALL RD	$3,699,000	4	4.2	5310	DETACHD
17952 CARDINAL DR	$3,849,900	5	3.2	4588	DETACHD
13580 GOODALL RD	$3,899,000	4	4.1	4780	DETACHD

PENDING Feb 20-26, 2023

Address	List Price	Beds	Baths	Total SF	Prop Type	Days
48 EAGLE CREST DR, #5F	$300,000	2	2	1370	CONDO	5
18451 WAXWING ST	$975,000	4	2.1	2730	DETACHD	2
2481 MARYLSHIRE LN	$1,495,900	6	4	4091	DETACHD	14
13151 THOMA RD	$3,799,900	5	5.1	5461	DETACHD	208

SOLD Feb 20-26, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
3808 BOTTICELLI ST, Grnd	$349,500	$365,000	3	2	1224	CONDO	28
19019 TERRY AVE	$674,900	$670,000	3	2	1344	DETACHD	3
1248 LARCH ST	$750,000	$819,500	4	2	2347	DETACHD	15
6545 CHILDS RD	$1,199,900	$1,130,000	6	4.1	3508	DETACHD	6
573 2ND ST, Upper	$1,200,000	$1,158,000	2	2.1	1659	CONDO	5
1956 HIGHLANDS LOOP	$2,750,000	$2,910,000	5	4.1	4641	DETACHD	9

February 24, 2023February 24, 2023

500 Feet

If you pay attention to the news at all, you likely are aware that there has been a major winter storm crossing the United States for the last couple of days. So, yes, LO got snow. At my house I think I got 3-4 inches. A beautiful dusting but not so much that it lead to power outages or tree fall. Really beautiful.

Some parts of the metro area got much more. In Portland they got 11 inches. My good friend in Hillsboro got 10 inches.

When I am showing houses and people ask me about snow, I always tell them the importance of 500 feet. We don’t get a lot of snow. We get a dusting that doesn’t stick a few times each winter, but snow lasting on the ground does not happen every year. And when it does, it melts after a few days. The difference is when you live higher than 500 feet in elevation. Above 500 feet you will get a lot more snow. the stuff that dusts the valley floor and doesn’t stick will stick above 500 feet. Something to bear in mind when house hunting.

You should also know that even 3-4 inches will shut down the entire metro area. Other parts of the country live with much heavier snowfall with no consequences. Here in the Portland area we have many hills and sloped, even steep, roads. Those are treacherous when it snows. And the snowfall is infrequent enough that people are ill equipped with vehicles and tires that can’t maneuver in the snow.

I drive a Subaru. I will show houses even in heavy snow. It’s very empowering!

Most folks in the Portland area look forward to snow day. It’s a little holiday in our hectic lives. We know that we can have a cup of tea and enjoy the winter wonderland.

Dianne