Property Blotter

June 25, 2023July 23, 2023

Portland Metro Neighborhood Stats + LO

Here is our monthly look at the surrounding areas and LO stats broken out below:

Overview/Fluctuations ~ May 2023 Market Data:

Inventory is mysteriously staying the same (low). So, the number of homes entering the market is increasing, the number of homes with accepted Offers is increasing, and the number of Closed sales is increasing…but Inventory is staying the same. And if you look at the Neighborhood Report below you’ll see that in most areas on the east side (with the exception of Oregon City) the price is not moving dramatically from last month, while a few areas were really notable, such as Oregon City/Canby (which dropped by $46,500), West Portland (which rose by $42,500) and Beaverton/Aloha (which rose by $46,000). Overall I’d say it looks to me like the west side is picking up faster than the eastside.

Rates: “Good news on the inflation front will help rates drop. Right now, we are still in the mid to upper 6% range” Gary Boyer, Regional VP, Directors Mortgage

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

There were 3,200 New Listings in May– which is down 15.9% from 3,853 in May 2022 and up 22.1% from the 2,653 the previous month.
At 2,008 May 2023’s Closed Sales (Solds) are down 31.1% from May 2022’s 2,916, and up 17.6% from the previous month’s total of 1,707.
At 2,379 May 2023’s Pending Sales (Accepted Offers) are down 23.8% from May 2022’s 3,122, and up 9.9% from the previous month/April’s total of 2,164.
The Average Sale Price for May 2023 of, $618,800 is down $30,800 from last year/May 2022’s $649,600, and up $12,700 from the previous month/April’s $606,100.
The “Median” Sale Price (the price smack dab in the middle of all sales) in May 2023 of $550,000 dropped $25,000 from May 2022’s $575,000, & is up $20,000 from April’s $530,000.

LAKE OSWEGO: (May ’23)

206 Active Listings (Apr 170)
165 New Listings (Apr 135)
122 Pending Sales (Apr 107)
110 Closed Sales (Apr 88)
Average Sale Price for May: $1,043,900 (Apr $1,126,300)
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 Apr 34)

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

June 23, 2023June 24, 2023

Market Activity ~ June 13-18, 2023

Last week there were 21 properties entering the market (New) , 16 with accepted offers (Pending) and 11 that Closed/Sold. Right now there are 154 properties available in Lake Oswego ranging from $254,900 to $8,998,000.

Here’s the breakdown:

NEW June 13-18, 2023

Address	List Price	Beds	Baths	SF	Prop Type
92 CERVANTES CIR	$309,000	2	1.1	912	CONDO
92 CERVANTES CIR #11E	$309,000	2	1.1	912	CONDO
3190 RAINBOW DR	$585,000	3	2	2808	DETACHD
18 BRITTEN CT	$649,900	3	2.1	1972	ATTACHD
5237 SW DAWN ST	$674,900	3	1.1	1654	DETACHD
42 SPINOSA	$725,000	3	2.1	2056	DETACHD
1450 GREENTREE CIR	$750,000	5	3	2601	DETACHD
526 2ND ST #20	$789,000	2	2.1	1576	CONDO
13388 AUBURN CT	$839,500	3	2.1	2492	ATTACHD
3220 UPPER DR	$875,000	3	3	3053	DETACHD
875 LEE ST	$899,000	3	2	2200	DETACHD
1481 GREENTREE CIR	$900,000	4	3	2878	DETACHD
17986 SAINT CLAIR DR	$1,199,000	4	3	3104	DETACHD
586 WEIDMAN CT	$1,275,000	5	3.1	3796	DETACHD
5015 DENTON DR	$1,299,500	4	2.1	3131	DETACHD
18499 OLD RIVER DR	$1,799,900	4	3.1	4217	DETACHD
16902 CHAPIN WAY	$1,950,000	4	4	3829	DETACHD
655 7TH ST	$1,999,000	$3	2.1	2796	DETACHD
4247 LORDS LN	$2,680,000	$4	3.1	3840	DETACHD
17950 KELOK RD	$4,499,900	$6	6.1	6801	DETACHD
3434 LAKEVIEW BLVD	$8,998,000	$5	6.1	7102	DETACHD

PENDING June 13-18, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
3190 RAINBOW DR	$585,000	3	2	2808	DETACHD	4
46 GREENRIDGE CT	$599,000	3	2.1	2036	ATTACHD	97
605 ASH ST	$599,900	3	2	1528	DETACHD	30
18839 KRISTI WAY	$649,500	3	1.1	1344	DETACHD	34
5785 KIMBALL CT	$675,900	4	2	1346	DETACHD	45
54 TOUCHSTONE	$789,000	3	2	1622	DETACHD	5
1448 GREENTREE CIR	$945,000	4	2.1	2649	DETACHD	139
13354 TWIN CREEK LN	$1,095,000	4	2.1	3134	DETACHD	28
13657 PROVINCIAL HILL WAY	$1,100,000	4	2.1	2790	DETACHD	32
319 3RD ST	$1,250,000	3	3.1	1937	ATTACHD	7
586 WEIDMAN CT	$1,275,000	5	3.1	3796	DETACHD	3
2552 PALISADES CREST DR	$1,300,000	4	2.1	3263	DETACHD	26
17269 BRYANT RD	$1,399,990	5	3.1	3641	DETACHD	32
5349 WASHINGTON CT	$1,400,000	4	3.1	3906	DETACHD	9
17327 WESTVIEW DR	$2,324,900	5	4	4008	DETACHD	13
2410 GLEN EAGLES RD	$3,150,000	5	2.1	3523	DETACHD	29

SOLD June 13-18, 2023

3952 CARMAN DR	$425,000	$395,000	2	2.1	1146	CONDO	20
3982 CARMAN DR	$450,000	$512,210	3	2.1	1360	ATTACHD	4
1466 BONNIEBRAE DR	$610,000	$635,000	4	2	1721	ATTACHD	3
3290 CHILDS RD	$739,900	$801,000	3	1	1708	DETACHD	9
12770 SIERRA VISTA DR	$885,000	$885,000	4	2.1	2665	DETACHD	4
19863 SYCAMORE AVE	$1,050,000	$966,000	4	3	2961	DETACHD	94
13259 Sandalwood CT	$1,084,900	$1,099,000	5	3	2764	DETACHD	4
8 GARIBALDI ST	$1,150,000	$1,170,000	4	3	4080	DETACHD	26
5598 LUCE LN	$1,370,000	$1,425,000	4	3	3432	DETACHD	4
718 MAPLE ST	$1,950,000	$1,750,000	3	2.1	4023	DETACHD	251
1965 EGAN WAY	$1,850,000	$2,000,000	5	3.1	3899	DETACHD	3

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 19, 2023June 19, 2023

Looking forward to the 4th

There is just so much to see and to do in LO during the 4th of July.

Kick the day off with the annual Lion’s Club Pancake Breakfast. Held at George Rogers Park, it’s all you can eat with pancakes, sausage, coffee, orange juice and milk. $10 for adults, $7 for kids under the age of 12. The breakfast runs from 8:00am to 11:00am.

Small round charcoal grill ready for grilling at the summer picnic.

If you time it right, you can have breakfast and then head to the Star-Spangled Parade. The parade starts at Lake Garden Court then travels to Chandler and 10th Street and onto A Avenue. It proceeds to 2nd Street and finishes at Millennium Plaza Park. Featuring floats, Fife and Drum Band, Boy Scouts, Girl Scouts, classic cars and costumed canines. The celebration continues at Millennium Plaza Park with live music, face painting, balloon animals, a pie eating contest and more. Local food crafters will be selling great food.

Cap the day off with a fireworks show. At Foothills Park, starting at 8:00pm with live music from Satin Love Orchestra, a high energy and disco dance band and a laser lights show. The event goes until 10:30pm.

The big event is the annual fire works show. It is set off on the West end of the lake but visible from many locations. I recommend you find your seat early for the best viewing. In my experience the fireworks start about 10:00pm and runs for about half an hour.

Plan ahead and make the best of this patriotic celebration of our country.

Dianne

June 16, 2023June 16, 2023

Market Activity June 5-11, 2023

Lots of real estate was happening in Lake Oswego last week. 22 properties came onto the market. Of those, 4 sold quickly and appear here a pending sales. There were 23 properties that went pending and 10 sold/closed homes.

See below for RMLS data.

New Listings June 5-11, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
4000 Carman Dr #35	Condo	$340,000	2	2	869
5225 Jean Rd 3309	Condo	$395,000	2	2	1100
5052 Foothills Rd D	Condo	$438,000	3	2	1252
1127 Cedar St	Detached	$625,000	2	1	1848
1001 Leonard St 2-4	Condo	$749,000	2	2	1736
17347 Ashley Ct	Attached	$825,000	4	2.5	2117
16 Walking Woods Dr	Detached	$828,000	3	2.5	2897
218 Hidalgo St	Detached	$879,000	4	2.5	3756
2979 Dellwood Dr	Detached	$939,000	4	3	3216
5904 Bay Point Dr	Detached	$1,150,000	4	2.5	3433
5349 Washington Ct	Detached	$1,400,000	4	3.5	3906
18653 Pilkington Rd	Detached	$1,750,000	4	3.5	3260
18284 Meadowlark Ln	Detached	$1,999,000	5	5.5	5425
1501 Country Club Rd	Detached	$2,200,000	5	4	4691
975 Englewood Dr	Detached	$3,995,000	4	4.5+.5	5980
18 Northshore Cir	Detached	$4,995,000	3	3.5	3501
15530 Diamond Head Rd	Detached	$7,200,000	5	6	6398
956 Westpoint Rd	Detached	$8,950,000	4	4.5+.5+.5	5235

Pending Sales June 5-11, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
45 Eagle Crest Dr 3400	Condo	$289,950	3	2	1348	39
80 Galen St	Condo	$325,000	2	2	995	5
248 Ridgeway Rd	Condo	$395,000	1	1	753	11
3952 Carman Dr	Condo	$400,000	2	2.5	1146	20
4366 Woodside Cir	Attached	$589,000	3	2.5	1962	2
1458 Boca Ratan Dr	Attached	$594,900	3	2	1611	22
260 Cervantes	Attached	$599,000	3	2.5	2551	6
79 Greenridge Ct	Attached	$675,000	2	2	1642	5
4 Cellini Ct	Detached	$775,000	4	3	2709	4
4959 Bilford Ln	Detached	$995,000	3	2.5	2456	3
449 C Ave	Detached	$999,000	3	2	2261	10
43 Becket St	Detached	$1,070,000	4	3.5	3689	6
592 Weidman Ct	Detached	$1,080,000	3	2.5	3035	38
302 Furnace St	Detached	$1,195,000	3	2.5	1945	10
2415 Park Rd	Detached	$1,219,000	4	2.5	2747	5
17237 Lowenberg Ter	Detached	$1,325,000	3	2.5	3150	3
18480 Delenka Ln	Detached	$1,460,000	5	4.5	4829	18
14611 Uplands Dr	Detached	$1,499,000	4	4	3118	42
814 Lake Shore Rd	Detached	$1,595,000	3	2.5+.5	2385	51
735 7th St	Detached	$2,099,000	3	3.5	3073	8
7 Dover Way	Detached	$2,595,000	5	5.5	7803	9
890 Lake Shore Rd	Detached	$3,199,000	3	3.5	3555	$3,199
584 Ridgeway Rd	Detached	$5,250,000	4	3.5+.5	4944	17

Sold/Closed June 5-11, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
86 Kingsgate Rd B104	Condo	$299,900	$300,000	938	6
5225 Jean Rd #501	Condo	$455,000	$440,250	1500	12
3575 Upper Dr	Detached	$595,000	$570,000	1376	0
4967 Galen St	Detached	$725,000	$725,000	2223	37
14141 Goodall Rd	Detached	$999,900	$865,000	1988	282
17321 Canyon Dr	Detached	$1,000,000	$955,000	4825	0
5434 Rosalia Way	Detached	$985,000	$963,000	2677	20
2944 Vale Ct	Detached	$1,400,000	$1,400,000	3392	2
17649 Woodhurst Pl	Detached	$1,550,000	$1,499,000	5669	65
1425 Chandler Rd	Detached	$3,790,000	$3,548,750	5692	236

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

June 11, 2023June 11, 2023

This Week in Lake Oswego

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

Mon, June 12, 2023 – 1-3 PM– American Mah Jongg – Mah Jongg is a game of strategy, skill and calculation. Some say it is similar to Rummy. This practice group has many tables already formed, but if you’d like to join you can sign up to be included in the next open table of 3-4 people. – More Info: CLICK HERE

Tues, June 13 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, June 14, 2023 – 10-11:30 AM – Geneology Interest Group~ This meeting is a field trip! regular Zoom and in-person meetings will resume after this week — More Info : CLICK HERE

Thurs, June 15, 2023 – 2-4 PM – Movie Matinee for Teens (Ages 13+) ~ Get in out of the heat or just come to relax with friends and popcorn. The lake Oswego Library has a cozy spot for you and your friends. ~ Lake Oswego Library 706 Fourth St – More Info: CLICK HERE

Fri, June 16, 2023 – 10:30-11 AM -Spanish Language Story & Play Stories presented by Jessica Amezcua from Adventures in Spanish for children ages 0-5 and their caregivers. – Lake Oswego Library 706 Fourth St More Info: CLICK HERE

Sat, June 17, 2023 – 8:30 AM-1:30 PM– Lake Oswego Farmers’ Market – Enjoy the region’s finest food, artisan crafts, music & fun. It’s summer and the 2023 season is in full swing! – Millennium Plaza Park, 200 1st Street More Info : CLICK HERE

Sun, June 18, 2023 -Juneteenth Celebration- 1-4 PM – Presented by: City of Lake Oswego, Respond to Racism, the Arts Council of Lake Oswego ,and LO for LOve~ Commemorate the end of slavery with a community celebration honoring this historic day. The program includes a keynote address from Dr. Renee Mitchell, award-winning metro columnist for The Oregonian and visionary behind I Am M.O.R.E., a heART focused youth development program. The event also features performances by DJ Avelanche and Sebe Kana West African Drum and Dance troupe, youth poetry, vendors and the unveiling of the mural Ms. Willie’s Dream by Sarah Farahat at City Hall ~ 380 A Ave. – More Info: CLICK HERE

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

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

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