Property Blotter

July 29, 2022

Market Activity Report July 18-24, 2022

The real estate market in Lake Oswego last week continued to be well balanced between buyers and sellers. There were 18 properties that came onto the market, 3 of which sold so fast that in this report they are part of the pending properties. 21 properties went pending and 16 sold/closed.

Surprisingly, interest rates actually went down slightly after the Federal Reserve raised the prime lending rate by .75%. Mortgage rates are influenced by the prime lending rate but not completely dictated. Other forces have impact as well. The drop in mortgage rates was a refection of factors such as investors taking money out of the stock market and putting it into safer investments like mortgage bonds. This growing demand leads to lower rates.

See below for further RMLS data.

New Listings July 18-24, 2022

Address	Type	Price	BR	Bath	Sq Feet
168 Oswego Summit	Condo	$330,000	2	2	1383
668 McVey Ave #83	Condo	$480,000	2	1.5	992
66 Wheatherstone #35	Condo	$599,900	4	3.5	2465
5429 Kenny St	Detached	$715,000	3	2	1584
3585 Lake Grove Ave	Detached	$820,000	4	2	1575
1714 Greentree Rd	Detached	$900,000	4	3	3110
63 Touchstone	Detached	$925,000	4	3	3088
860 Lake Forest Dr	Detached	$998,000	5	2.5	2025
3460 Lake Grove Ave	Detached	$1,395,000	3	2	1673
11 Nansen Summit	Detached	$1,495,000	4	4.5	4955
178 Pine Valley Rd	Detached	$1,850,000	5	3.5	3001
1250 SW Englewood Rd	Detached	$2,499,000	3	3.5	5097
1901 Childs Rd	Detached	$3,400,000	5	3	3516
13777 Cameo Ct	Detached	$4,198,000	5	5.5	7300
1901 Childs Rd	Detached	$4,800,000	5	3	3516

Pending Sales July 18-24, 2022

Address	Type	Price	BR	Baths	Sq Ft	CDOM
4000 Carman Dr D51	Condo	$314,900	2	2	885	7
3652 Spring Ln	Condo	$369,000	2	2	1117	11
13880 Sundeleaf	Detached	$425,000	2	1	1048	3
4405 Thunder Vista Ln	Condo	$445,500	2	2.5	1922	56
17 Da Vinci	Detached	$550,000	3	2	1876	5
5970 Kennycroft Way	Detached	$599,900	3	2	1212	81
1765 Conifer Dr	Detached	$749,000	4	2	2334	16
2020 Wembley Park Rd	Detached	$775,000	3	2	1712	4
2062 Cedar Ct	Detached	$785,000	3	2	1800	1
5480 Burma Rd	Detached	$829,000	4	2	1632	22
5115 Firwood Rd	Detached	$849,000	3	2.5	1660	25
19 Touchstone	Detached	$899,000	4	3	2789	1
4121 Wolf Berry Ct	Detached	$975,000	3	2.5	2654	4
18100 Bryant Rd	Detached	$990,000	3	1.5	1425	13
19330 River Run Rd	Detached	$995,000	4	4	3955	18
347 6th St	Attached	$1,050,000	3	3.5	2360	3
1455 Nelson Ct	Detached	$1,149,000	4	2.5	2210	14
13330 Hidden Bay Ct	Detached	$1,149,000	4	2.5	3057	1
4996 Cascara Ln	Detached	$1,195,000	3	2.5	3106	25
754 5th St	Detached	$1,298,000	3	3	2179	7
732 2nd St	Detached	$2,299,000	4	3.5	3547	32

Sold/Closed July 18-24, 2022

Address	Type	List Price	Sold Price	Sq Feet	DOM
45 Eagle Crest Dr #504	Condo	$240,000	$230,000	768	19
4000 Carman Dr #40	Condo	$300,000	$350,000	906	10
16300 Reese Rd	Detached	$675,000	$593,000	2100	8
17188 Rebecca Ln	Detached	$690,000	$705,000	1930	4
980 Lund St	Detached	$725,000	$715,000	1,833	14
5497 Willow Ct	Attached	$775,000	$725,000	2427	56
14251 Camden Ln	Detached	$719,000	$735,000	2179	2
3 Beckket St	Detached	$775,000	$765,000	4285	18
21 Touchstone	Detached	$959,900	$835,000	1918	45
2291 Wembley Park Rd	Detached	$999,500	$964,000	2150	11
5322 Carman Grove Ln	Detached	$1,200,000	$1,050,000	2647	22
13 Buckingham Terrace	Detached	$999,990	$1,162,000	2946	4
16219 White Oaks Dr	Detached	$1,200,000	$1,200,000	2862	0
568 Weidman Ct	Detached	$1,275,000	$1,275,000	3702	3
5455 Childs Rd	Detached	$2,395,000	$2,195,000	3870	28
688 6th St	Detached	$1,940,000	$2,300,000	2939	27

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

July 24, 2022July 25, 2022

Portland Real Estate Stats + LO ~ June 2022

Overview/Fluctuations ~ Market Data:
We are seeing the effects of interest rate increases in the Portland market. Gresham, Milwaukie, Oregon City and Tigard are holding their own as competitive for Buyers. The rest of the areas of Portland saw Buyers putting their collective foot down as evidenced by the Average Sale Prices compared with the previous month. We call this stabilization, so it’s actually a good thing. Inventory is rising to almost 2020 levels at 1.4 months, but 2018 was 2.1 months inventory and 2019 was 2.4 months, so you can see we’ve got a way to go before we’re back to those levels. Rates: Right now I’m told rates for primary/owner-occupied are at around 6.1% with great credit, utilizing a discount point and putting 20% down.

According to the RMLS Market Action Report for the Portland Metro Area-June 2022:

There were 4,295 New Listings in June 2022, which was down only slightly from June 2021’s 4,298, and up 11.5% from the previous month/May’s 3,853.
At 2,893 June 2022’s Closed Sales (Solds) are down 16.8% from June 2021’s 3,477, and down 0.8% from the previous month/May 2022’s total of 2,916
At 2,563 June 2022’s Pending Sales (accepted Offers) are down 27.5% from June 2021’s 3,534, and also down 17.9% from the previous month/May 2022’s total of 3,122.
The Average Sale Price in June 2022 of, $633,300 is up $36,200 from last year/June 2021’s $597,100, and down $16,300 from the previous month/May’s $649,600.
The “Median” Sale Price” (the price smack dab in the middle of all sales) in June 2022 of $570,000 rose from last year/June 2021’s $521,000 by $49,000, and is down $5,000 from the previous month’s $575,000.

LAKE OSWEGO:

171 Active Listings (May 137)
198 New Listings (May 193)
143 Pending Sales (May 153)
125 Closed Sales (May 146)
Average Sale Price for May: $1,035,500 (May $1,028,600)
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.
18 Days on the Market (May 19)

July 21, 2022September 9, 2022

Market Activity ~ July 11-17, 2022

Last week Lake Oswego saw 23 properties enter the market, 19 move to Pending status and 12 Sold/Closed. Right now there are 123 properties ranging from $192,000 to 11.5 Mil available.

NEW July 11-17, 2022

Address	List Price	Beds	Baths	SF	Prop Type
4000 CARMAN DR D51	$314,900	2	2	885	CONDO
5225 JEAN RD #207	$410,000	3	2	1415	CONDO
13880 SUNDELEAF DR	$425,000	2	1	1048	DETACHD
3930 CARMAN DR	$439,000	2	2.1	1146	CONDO
5054 FOOTHILLS DR #70F	$485,000	2	2	1252	CONDO
17 DA VINCI	$550,000	3	2	1876	DETACHD
852 5TH ST	$729,500	2	1	738	DETACHD
2020 WEMBLEY PARK RD	$775,000	3	2	1712	DETACHD
4965 MULHOLLAND DR	$775,000	2	2.1	2468	ATTACHD
1250 HALLINAN CIR	$825,000	4	3	2168	DETACHD
5045 GREENSBOROUGH CT	$899,900	4	2.1	2107	DETACHD
4121 WOLF BERRY CT	$975,000	3	2.1	2654	DETACHD
4745 DOGWOOD DR	$995,000	4	4	3887	DETACHD
14141 GOODALL RD	$999,900	3	2.1	1988	DETACHD
347 6TH ST	$1,050,000	3	3.1	2360	ATTACHD
754 5TH ST	$1,298,000	3	3	2179	DETACHD
3763 TEMPEST DR	$1,395,000	5	2.1	2895	DETACHD
5014 UPPER DR	$1,399,900	5	3	3416	DETACHD
5290 CHILDS RD	$1,499,000	4	4.1	3525	DETACHD
5550 JEAN RD	$1,790,000	4	4.1	3001	DETACHD
17484 BRYANT RD	$1,890,000	4	3.1	3615	DETACHD
13017 KNAUS RD	$1,898,000	4	3.1	4690	DETACHD
961 LAKE FRONT RD	$4,895,000	3	3.1	4998	DETACHD

PENDING July 11-17, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
47 EAGLE CREST DR #53	$299,000	3	1	1024	CONDO	10
86 KINGSGATE RD, H104	$324,900	2	2	840	CONDO	37
16250 PACIFIC HWY #69	$387,000	2	2	1328	CONDO	5
5225 JEAN RD #207	$410,000	3	2	1415	CONDO	3
1 ADAMS CT	$550,000	2	2	1456	DETACHD	4
5342 RED LEAF ST	$599,000	3	2.1	1710	DETACHD	29
14332 SHERBROOK PL	$689,900	3	2.1	1770	DETACHD	18
4965 MULHOLLAND DR	$775,000	2	2.1	2468	ATTACHD	2
13 MASARYK ST	$799,000	3	2	2219	DETACHD	5
7 DA VINCI ST	$850,000	3	3	2631	DETACHD	17
2964 OVERLOOK DR	$1,099,900	5	2.1	3731	DETACHD	30
17755 OVERLOOK LN	$1,100,000	4	2.1	3198	DETACHD	6
1535 PINE ST	$1,150,000	3	2.1	2390	DETACHD	7
13300 FOX RUN	$1,200,000	4	2.1	3234	DETACHD	74
873 COUNTRY COMMONS	$1,295,000	4	3	3609	DETACHD	60
14013 EDENBERRY CT	$1,495,000	4	2.1	3673	DETACHD	3
15003 TWIN FIR RD	$1,699,900	4	3.1	3075	DETACHD	20
13740 KNAUS RD	$1,895,000	4	3.1	4459	DETACHD	36
2088 CREST DR	$7,250,000	4	6.1	8259	DETACHD	80

SOLD July 11-17, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE #84	$209,900	$225,000	2	2	1012	CONDO	4
4 TOUCHSTONE #85	$244,900	$330,704	3	2.1	1351	CONDO	8
5225 JEAN RD #104	$375,000	$382,500	3	2	1400	CONDO	4
11 CONDOLEA DR	$650,000	$623,000	2	2.1	2159	CONDO	4
14316 HOLLY SPRINGS RD	$599,900	$636,000	3	2.1	1325	DETACHD	4
13296 VERMEER DR	$725,000	$710,000	3	2.1	1860	DETACHD	10
19057 OLSON AVE	$900,000	$874,000	4	2.1	2464	DETACHD	9
907 OAK ST	$899,000	$929,000	3	2	2409	DETACHD	6
5324 LOWER DR	$899,900	$951,000	3	2.1	2106	DETACHD	2
13324 BOONES FERRY RD	$1,195,000	$1,100,000	4	2.1	3386	DETACHD	20
18084 WESTMINSTER DR	$1,549,000	$1,275,000	5	3.1	5020	DETACHD	51
4719 LAKEVIEW BLVD	$1,499,000	$1,288,050	4	3	2934	DETACHD	127

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) .

July 16, 2022

Market Activity July 4-10, 2022

Doing the market activity report for last week makes me feel like the market is very balanced. The volume of sales is very much like it was the last time that I did this report with nearly identical volumes of new listings, pending sales, and closed sales. This is a good environment for both buying and selling.

Last week in Lake Oswego there were 18 new listing that includes four that went into pending status that same week. There were 16 pending sales and 16 closed sales. As I said, very balanced.

See below for RMLS data.

New on the Market July 4-10, 2022

Address	Type	Price	BR	Bath	Sq Feet
47 Eagle Crest Dr #53	Condo	$299,000	3	1	1024
3652 Spring Ln	Condo	$369,000	2	2	1117
4 Wheatherstone	Condo	$535,000	3	2.5	1692
15450 Stephanie Ct	Attached	$580,000	3	2.5	1662
15 Masaryk St	Detached	$675,000	4	3	3864
5757 Washington Ct	Detached	$695,000	4	1.5	1508
5 Partridge Ln	Detached	$799,000	3	2.5	2794
1765 Conifer Dr	Detached	$785,000	4	2	2335
18100 Bryant Rd	Detached	$990,000	3	1.5	1425
16 El Greco St	Detached	$1,035,000	4	2.5	2696
1775 Overlook Ln	Detached	$1,100,000	4	2.5	3198
1455 Nelson Ct	Detached	$1,149,000	4	2.5	2210
12943 SW Elk Rock Rd	Detached	$2,095,000	5	3.5	3537
15800 Oswego Shore Ct	Detached	$2,495,000	4	3.5	3995

Pending Sales July 4-10, 2022

Address	Type	Price	BR	Baths	Sq Ft	CDOM
4 Touchstone Dr #150	Condo	$237,000	2	2	984	152
44 Eagle Crest Dr	Condo	$299,000	3	2	1085	1
4000 Carman Dr #35	Condo	$300,000	2	2	869	5
1444 Laurel St	Detached	$515,000	2	1	900	1
4363 Woodside Circle	Attached	$581,950	3	2	1532	63
4268 Woodside Circle	Attached	$589,900	4	2	1944	17
16300 Reese Rd	Detached	$675,000	2	2	2100	8
2736 SW Orchard Hill Pl	Detached	$749,000	3	2.5	2556	4
700 Livingood Ln	Detached	$799,950	4	2.5	2692	9
23 Da Vinci St	Detached	$839,900	3	2.5	2063	3
4973 Sierra Vista Dr	Detached	$998,900	4	2.5	2810	2
17865 Sarah Hill Ln	Detached	$1,099,950	4	2.5	2871	72
1839 Palisades Lake Ct	Detached	$1,500,000	4	3.5	4570	21
688 6th St	Detached	$1,995,500	4	2.5	2939	27
5455 Childs Rd	Detached	$2,195,000	4	3.5	3870	28
4973 Parkhill St	Detached	$925,000	4	3	2230	23

Sold/Closed July 4-10, 2022

Address	Type	List Price	Sold Price	Sq Feet	DOM
668 McVey Ave #77	Condo	$275,000	$281,000	485	4
4 Touchstone #124	Condo	$245,000	$320,000	1351	45
1700 Yarmouth Circle	Detached	$725,000	$712,250	1477	7
1797 Fern Pl	Detached	$714,900	$730,000	1727	23
639 1st St	Attached	$749,900	$749,900	1,391	9
5339 Amberwood Ct	Detached	$613,645	$913,645	2943	0
5499 Royal Oaks Dr	Detached	$786,000	$950,000	1817	3
659 Livingood Ln	Detached	$899,000	$952,507	2692	9
10 Morningview Ln	Detached	$1,049,900	$1,049,900	3848	11
17953 Saint Clair Dr	Detached	$1,299,900	$1,225,000	5438	21
927 Oak St	Detached	$1,330,000	$1,400,000	2864	2
4015 Canal Woods Ct	Detached	$1,295,000	$1,450,000	3721	5
1281 Tyndall Ct	Detached	$1,674,000	$1,717,000	4049	3
642 8th St	Detached	$1,995,000	$1,995,000	3293	3
3015 Wembley Park Rd	Detached	$3,500,000	$3,000,000	5211	50
1475 Chandler Rd	Detached	$3,495,000	$3,450,000	4863	3

July 13, 2022

LO’s Amazing Library

I want to take this opportunity to brag about the Lake Oswego Library. It is rare for a day to go by where I am not benefiting from one of its many services.

My primary use of the library is checking out audio books. I just love to listen to books. They are generally read by the author (Bruce Springsteen’s autobiography) or by professional voice actors. Roy Dotrice, the voice actor who reads The Game of Thrones, has created 100’s of voices for George RR Martin’s novels. You know by the voice intonation and accent who is talking. It’s truly an art form that I have come to just love.

Of course, there are 1000’s of books in paper format to check out. In addition, there is a huge selection of DVD and Blue Ray Movies.

The Library of Things

In addition of books and movies, there is also a Library of Things. You can check out kitchen tools (seasonal cake pans, etc), sewing machines, party supplies (karaoke machines, etc), games, recreation supplies, telescopes, just lots of great stuff.

Lake Oswego Reads

This is a city-wide reading event held each winter. A group of citizens, including high-school students, chooses a book. Hundreds of books are distributed for free. City-wide events are held to show case themes in the book, and, usually, the author gives a talk. The books are always terrific and participating in the events is a nice enhancement to the reading experience.

Cultural Pass

Finally, I want to let you know about the Cultural Pass that you can obtain on-line to gain free access to some of the area’s most popular places to visit. Simply go on-line and make your reservation. You can then print it off or download it to your mobile device. These passes will give you free access to these locations:

Crystal Springs Rhodendron Garden (family of 4)
Evergreen Aviation Museum (2 people)
Gilbert House Children’s Museum (equal number of adults to children)
Lan Su Chinese Garden (2 people)
Oregon Garden (2 adults + 4 children)
Oregon Historical Society (2 people)
Oregon State Parks (1 vehicle)
Pittock Mansion (2 adults + children from the same household)
Portland Japanese Garden (2 adults + 8 children)

For further details, please visit the Library website. www.ci.oswego.or.us/library

To obtain your library card, yes, you need a library card to take advantage of these many services, simply go to the library (706 4th St) and show valid photo ID and proof of residency within the City of LO. It’s that easy.

I think that libraries get taken for granted. We pay for the library with our tax dollars. Use it. Enjoy it. I know that I do.

Dianne

July 10, 2022September 9, 2022

Market Activity ~ June 27-July 3, 2022

Last week Lake Oswego saw 19 properties enter the market, 14 move to Pending status and 18 Sold/Closed. Right now there are 121 homes available in Lake Oswego from $192,000 to 7.25 mil.

NEW June 27-July 3, 2022

Address	List Price	Beds	Baths	SF	Prop Type
100 KERR PKWY #30	$1,000	1	1	617	CONDO
47 EAGLE CREST DR #24	$224,900	1	1	672	CONDO
45 EAGLE CREST DR #415	$240,000	2	1.1	1056	CONDO
4000 CARMAN DR #35	$300,000	2	2	869	CONDO
16300 REESE RD	$675,000	2	2	2100	DETACHD
16300 REESE RD	$675,000	2	2	2100	DETACHD
16875 FERNWOOD DR	$780,000	4	2	2460	DETACHD
6314 SEVILLE AVE	$798,500	4	3.2	2012	DETACHD
700 LIVINGOOD LN	$799,950	4	2.1	2692	DETACHD
5840 BURMA RD	$829,000	4	2	1632	DETACHD
7 DA VINCI ST	$850,000	3	3	2631	DETACHD
17900 WESTVIEW DR	$1,100,000	3	2	1960	DETACHD
7 SCARBOROUGH DR	$1,150,000	4	2.1	3314	DETACHD
5844 RIDGETOP CT	$1,298,000	4	2.1	3590	DETACHD
13615 WESTLAKE DR	$1,790,000	4	4.1	4050	DETACHD
3351 FIR RIDGE RD	$2,449,000	4	4.1	4419	DETACHD
18011 Kelok RD	$2,950,000	3	3	1840	DETACHD
2890 GLEN EAGLES RD	$2,995,000	4	3.1	4668	DETACHD
100 KERR PKWY #30	AUCTION	1	1	617	CONDO

PENDING June 27- July 3, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
5225 JEAN RD #104	$375,000	3	2	1400	CONDO	4
4405 THUNDER VISTA LN	$445,500	2	2.1	1922	CONDO	70
885 MCVEY AVE	$550,000	3	1	1341	DETACHD	19
11 CONDOLEA DR	$650,000	2	2.1	2159	CONDO	4
17188 REBECCA LN	$690,000	3	2.1	1930	DETACHD	4
100 LEONARD ST #3-4	$699,000	3	2	1736	CONDO	9
342 LIVINGOOD LN	$738,000	4	2.1	2384	DETACHD	5
1435 ASH ST	$799,900	5	3	2532	DETACHD	18
1841 CLOVERLEAF RD	$825,000	5	3	2190	DETACHD	5
21 TOUCHSTONE	$849,900	4	2.1	1918	DETACHD	45
139 DEL PRADO ST	$1,150,000	3	2	2955	DETACHD	4
7 SCARBOROUGH DR	$1,150,000	4	2.1	3314	DETACHD	1
1736 PALISADES TERRACE DR	$1,150,000	4	3.1	3079	DETACHD	18
13720 GOODALL RD	$4,695,000	5	5.1	5969	DETACHD	89

SOLD June 27-July 3, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
44 EAGLE CREST DR #12	$199,900	$215,000	1	1	798	CONDO	4
4000 CARMAN DR #3	$279,000	$279,000	1	1	836	CONDO	3
196 CERVANTES	$369,000	$346,000	2	1.1	1241	CONDO	24
5062 FOOTHILLS DR, F	$445,000	$433,000	2	2	1252	CONDO	17
18892 ARROWWOOD AVE	$850,000	$905,000	4	2	2229	DETACHD	4
5550 BAY CREEK DR	$915,000	$925,000	4	2.1	2449	DETACHD	6
1537 ASH ST	$850,000	$953,000	4	3.1	2433	DETACHD	2
15213 CANDLEWOOD CT	$950,000	$975,000	4	2.1	2757	DETACHD	25
4 SCARBOROUGH DR	$998,000	$1,000,000	4	2.1	3233	DETACHD	3
15569 VILLAGE PARK CT	$1,150,000	$1,125,000	4	2.1	2755	DETACHD	10
4133 MELISSA DR	$995,000	$1,210,000	4	2.1	2872	DETACHD	1
3902 TAMARACK LN	$1,050,000	$1,265,000	4	2.1	2553	DETACHD	4
13399 STREAMSIDE CT	$1,249,000	$1,350,000	4	2.1	3218	DETACHD	3
19460 SW EASTSIDE RD	$1,299,000	$1,376,000	5	3.2	4521	DETACHD	20
5006 UPPER DR	$1,499,900	$1,395,000	4	3.1	3284	DETACHD	19
2365 PALISADES CREST DR	$1,300,000	$1,450,000	4	3	3746	DETACHD	4
520 C AVE	$1,478,000	$1,550,000	3	3.1	3242	ATTACHD	9
14390 UPLANDS DR	$5,795,000	$5,700,000	4	4.1	7839	DETACHD	21

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) .

July 4, 2022

Celebrate

As we celebrate Independence Day, and give thanks for all of the things we love about living in a free society and our beloved community, Dianne and I wish each of you a very happy day with friends and family. Thank you for being here at the Property Blotter with us. May your real estate dreams (and the rest of them!) come true~

July 3, 2022

Summer in Lake Oswego

Summer of Music

Absolutely one of my favorite events in Lake Oswego is the outdoor summer concert series. Wednesday nights from 7-9pm. They are free. In July they take place at Foothills Park along the Willamette River. In August they take place at Westlake Park on the West side of town. There is just something about them. The cooling of the hot day, the ambiance of being outdoors, and the dancing. People show up to dance. I once saw a man and a woman, the woman was in a wheelchair. They spent some time just swaying with her in her chair. Then the man stepped in front of her, gently lifted her to her feet, and they danced. Really, really wonderful.

Sunday concerts take place July 10 & 24, and August 7 & 21, 6-7:30 pm at Millennium Plaza Park.

Movies in the Park

There are three outdoor moving events. They start at dusk, approximately 8:45pm.

On July 21st, at Millennium Plaza Park, the movie will be the animated feature, Luca.

On July 28th, at Millennium Plaza Park, the move will be Space Jam, a New Legacy.

On August 4th, at Westlake Park, the movie will be Sing 2

During the movie events there will also be face painting, balloon artists and snacks for purchase.

Summer is here!

July 2, 2022

Market Activity Report June 20-26, 2022

The rise in interest rates appears to be having an impact on sales, although the numbers do remain strong. I’d say that if anything, at least at this point, the market feels fairly balanced between buyers and sellers.

Last week in Lake Oswego there were 24 properties that came onto the market, 3 of which went into pending status the same week, 14 pending sales, and 17 sold/closed homes.

See below for RMLS data.

New on the Market June 20-26, 2022

Address	Type	Price	BR	Bath	Sq Feet
4300 Botticelli St	Attached	$399,900	2	2.5	1721
12826 Boones Ferry Rd	Attached	$484,500	2	2.5	1182
4268 Woodside Circle	Attached	$589,900	4	2	1944
18667 Benfield Ave	Detached	$679,000	4	2	1414
14332 Sherbrook Pl	Detached	$689,900	3	2.5	1770
17188 Rebecca Ln	Detached	$690,000	3	2.5	1930
100 Leonard St 3-4	Condo	$699,000	3	2	1736
3 Becket St	Detached	$775,000	4	2.5	4285
17608 Sydni Ct	Attached	$799,900	4	2.5	2466
1841 Cloverleaf Rd	Detached	$825,000	5	3	2190
5115 Firwood Rd	Detached	$849,000	3	2.5	1660
42 Aquinas St	Detached	$899,900	4	2.5	2486
4996 Cascara Ln	Detached	$1,245,000	3	2.5	3106
5524 Koderra Ave	Detached	$1,370,000	3	2.5	2957
15003 Twin Fir Rd	Detached	$1,699,900	4	3.5	3075
776 Carrera Ln	Detached	$1,750,000	4	3	3449
4983 Park Bluff Pl	Detached	$2,349,500	4	4.5	3647
707 Lake Shore Rd	Detached	$3,150,000	3	3.5	2992
17952 Cardinal Dr	Detached	$3,599,000	4	3.5+.5	4588
120 Cabana Pointe	Detached	$4,098,000	4	4	3693
2101 Goodall Ct	Detached	$2,895,000	4	3.5	4290

Pending Sales June 20-26, 2022

Address	Type	Price	BR	Baths	Sq Ft	CDOM
44 Eagle Crest Dr #16	Condo	$289,000	3	2	1085	3
12868 Boones Ferry Rd	Condo	$495,000	2	2.5	1136	18
5342 Red Leaf St	Detached	$599,000	3	2.5	1710	9
14251 Camden Ln	Detached	$719,000	3	2.5	2179	2
1561 Woodland Terr	Detached	$825,000	3	2.5	2184	16
6236 SW Wayzata Ct	Detached	$975,000	4	2.5	2752	2
5322 Carman Grove Ln	Detached	$1,200,000	3	2.5	2647	22
568 Weidman Ct	Detached	$1,275,000	4	3.5	3702	3
4719 Lakeview Blvd	Detached	$1,299,000	4	3	2934	80
2365 Palisades Crest Dr	Detached	$1,300,000	4	3	3746	4
1025 Schukart Ln	Detached	$1,795,000	4	3	4233	44
3001 Westview Ct	Detached	$1,799,900	4	3.5	4317	26
697 Lake Bay Ct	Detached	$2,295,000	4	4.5	3715	37
17210 Cedar Rd	Detached	$2,785,000	5	5	3548	7

Sold/Closed June 20-26, 2022

Address	Type	List Price	Sold Price	Sq Feet	DOM
45 Eagle Crest Dr #513	Condo	$253,500	$205,000	1056	110
16661 Lake Forest Blvd	Detached	$585,000	$570,000	936	20
5650 Childs Rd	Detached	$599,900	$600,000	1980	8
4753 Dawn St	Detached	$700,000	$700,000	1550	4
4201 Cobb Way	Detached	$950,000	$861,130	2,242	10
668 McVey Ave #12	Condo	$875,000	$875,000	992	0
4527 Trillium Woods	Attached	$887,770	$940,000	2273	3
12431 SW Orchard Hill Rd	Detached	$960,000	$945,000	2724	9
22 Juarez St	Detached	$950,000	$975,000	3096	5
17 Musaryk St	Detached	$985,000	$995,000	4726	1
5336 Lower Dr	Detached	$1,095,000	$1,025,000	2549	18
4581 Heritage Ln	Detached	$1,088,000	$1,030,000	2118	24
4222 Cobb Way	Detached	$1,295,000	$1,125,000	2243	20
4146 Chad Dr	Detached	$1,395,000	$1,280,000	3707	14
937 9th St	Detached	$2,350,000	$2,178,000	3862	448
975 Lake Front Rd	Detached	$3,298,000	$3,320,000	3232	0
263 Northshore Rd	Detached	$4,700,000	$4,700,000	3525	0

June 26, 2022September 11, 2022

Portland Real Estate Stats + LO ~ May 2022

Overview/Fluctuations ~ Market Data:

Listings, Accepted Offers and Sales are up overall from the prior month and a bit down from last May. Most neighborhoods in the Portland area saw their Average Price rising over the previous month, and Inventory is finally back up to where it was last August, which is still historically low.

Of course the big story at this moment is rates:

Rates: “The market has experienced a dramatic move higher as the Federal Reserve fights inflation. Currently 30-year fixed rates are right at 6.0%” Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS Market Action Report for the Portland Metro Area-May 2022:

There were 3,853 New Listings in May 2022 decreased 3.0% from May of 2021’s 3,971, and increased 4.6% from the previous month/April’s 3,684.
At 2,916 May 2022’s Closed Sales are down 8.4% from May 2021’s 3,183, and up 4.8% from the previous month/April’s 2022’s total of 2,782
At 3,122 May 2022’s Pending Sales are down 16.0% from May 2021’s 3,717, and increased 3.9% over the previous month/April 2022’s total of 3,005.
The Average Sale Price in May 2022 of $649,600 is up $67,400 from last year/May 2021’s $582,200, and up $16,700 from the previous month/April’s $632,900.
The “Median” Sale Price (the price smack dab in the middle of all sales) in May2022 of $575,000 rose from last year/May 2021’s $515,000 by $60,000, and $15,000 from the previous month/April’s $560,000.

LAKE OSWEGO:

137 Active Listings (Apr 103)
193 New Listings (Apr 169)
153 Pending Sales (Apr 144)
146 Closed Sales (Apr 133)
Average Sale Price for May: $1,028,600 (Apr $998,600)
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.
19 Days on the Market (Apr 26)