Market Activity ~ Oct 31- Nov 6, 2022

Last week Lake Oswego saw 11 properties enter the market, 28 move to Pending status, and 8 Sold/Closed. Right now there are 119 homes available in Lake Oswego ranging from $235,000 to 11.5 mil.

Here is the breakdown according to RMLS:

NEW Oct 31-Nov 6, 2022

AddressList PriceBedsBathsSFProp Type
4 TOUCHSTONE #105$210,00022984CONDO
38 CERVANTES CIR$249,50021.1912CONDO
3433 MCNARY PKWY #806$305,00022.11136CONDO
112 OSWEGO SMT$325,000221212CONDO
210 S STATE ST #5$365,000211339CONDO
16200 PACIFIC HWY #5$530,000221207CONDO
5 GOYA ST$680,00042.12586DETACHD
643 4TH ST$925,000221453DETACHD
2020 WEMBLEY PARK RD$949,000321712DETACHD
3056 WEMBLEY PARK RD$1,350,00042.12611DETACHD
17327 WESTVIEW DR$2,495,000444008DETACHD

PENDING Oct 31-Nov 6, 2022

AddressList PriceBedsBathsSFProp TypeDays
17552 DEEMAR WAY$475,00031.11050DETACHD4
1728 BOCA RATAN DR$509,000321485ATTACHD2
15235 BOONES WAY$624,900321686ATTACHD5
1105 HALLINAN CIR$699,000321612DETACHD16
12 WALKING WOODS DR$749,950332224DETACHD2
17608 SYDNI CT$775,00042.12466ATTACHD126
18706 BRYANT RD$789,90032.12489DETACHD6
14400 TRILLIUM CT$839,00042.13193DETACHD4
17810 KELOK RD$845,000321557DETACHD9
314 2ND ST$850,00033.11814CONDO9
860 LAKE FOREST DR$889,00052.12025DETACHD78
72 TOUCHSTONE$899,900433908DETACHD28
4051 VIRGINIA WAY$999,000421903DETACHD49
625 3RD ST$1,050,00032.12645ATTACHD4
13218 DEERFIELD CT$1,100,00042.12860DETACHD5
5524 KODERRA AVE$1,100,00032.12957DETACHD113
5677 CHARLES CIR$1,225,00042.12962DETACHD69
1454 GLENMORRIE DR$1,350,00032.13345DETACHD7
5550 JEAN RD$1,499,00044.13001DETACHD107
3940 CANAL RD$1,500,00043.13983DETACHD2
853 E AVE$1,850,00033.12839DETACHD22
17312 BERGIS FARM DR$1,920,00044.24804DETACHD0
285 BERWICK RD$1,950,00033.12560DETACHD3
16873 CANYON DR$1,980,000443632DETACHD48
4241 COBB WAY$1,999,00043.13292DETACHD26
21 D #4$2,067,00022.12431CONDO333
1625 CLOVERLEAF RD$2,199,000443853DETACHD67
707 LAKE SHORE RD$2,795,00033.12992DETACHD112

SOLD Oct 31-Nov 6, 2022

AddressOpeningClosedBedsBathsSFProp TypeDays
1172 BOCA RATAN DR$580,000$580,000321611ATTACHD20
131 DEL PRADO ST$665,000$715,000332145DETACHD3
490 BOCA RATAN DR$849,000$770,000322108DETACHD95
19125 OLSON AVE$1,125,000$1,125,00042.13828DETACHD3
1 JUAREZ ST$1,245,000$1,130,00032.13388DETACHD23
17637 WOODHURST PL$1,299,000$1,267,00054.14833DETACHD106
732 LAKE FOREST DR$1,500,000$1,600,000322865DETACHD3
842 6TH ST$1,850,000$1,875,00043.13840DETACHD5
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) .

Holiday Decorations and Selling Your House

Do holiday decorations help or hurt the marketing of your house? I have some thoughts on this that I am eager to share.

I do think that holiday decorations enhance the showing of your house to potential buyers. Taking the time to decorate helps the potential buyer feel that you love and appreciate your home. It also creates a cozy environment as we experience shorter daylight hours and colder temperatures.

I don’t think that it helps with your marketing. By marketing I mean the photos that will appear on the Internet, in the Multiple Listing Service, and on fliers and in emails. The photos need to be timeless. You simply don’t know how long it will take to sell your house. Today, if on-line the photos are full of witches and ghosts, it immediately conveys to the public that you’ve had your house on the market since before Halloween. November 25th you don’t want the photos to be full of turkeys and cornucopias. So, have the professional photography done before you put up holiday decorations.

For the same reason, take down the holiday decorations in a timely fashion. Enjoying them for a week or so after the holiday is fine, but beyond that, take them down.

I hope you find this information helpful. As always, thanks for reading the blotter.

Dianne

Market Activity Oct 24-30, 2022

Once again, I feel that the market is balance. I say this when the number of new listings, pending sales, and closed sales are very close.

Last week in Lake Oswego there were 10 new listings, two of which sold quickly and moved to pending status. There were 13 pending sales and 9 closed sales.

See below for details of RMLS data.

New on the Market Oct 24-30, 2022

AddressTypePriceBedroomsBathsSq Feet
86 Kingsgate Rd B101Condo$340,00022938
236 Ridgeway Rd 16ACondo$360,00021914
5062 Foothills Dr HCondo$459,900321252
1612 Lake Front RdDetached$950,000321831
2350 Southshore BlvdDetached$996,00032.52236
141 Furnace StCondo$1,750,00022.52249
1745 Mapleleaf RdDetached$1,800,00053.53661
1836 Highlands LoopDetached$2,695,00044.5+.55494

Pending Sales Oct 24-30, 2022

AddressTypePriceBedroomsBathsSq FeetDOM
86 Cervantes Cir 10-BCondo$235,00021.5+.591230
15235 Boones WayAttached$624,9003216865
12 Walking Woods DrDetached$749,9503322242
17608 Sydni CtAttached$775,00042.52466126
18706 Bryant RdDetached$789,90032.524896
14400 Trillium CtDetached$839,00042.531934
17810 Kelok RdDetached$845,0003215579
314 2nd StCondo$850,00033.518149
4051 Virginia WayDetached$999,0004219037
5550 Jean RdDetached$1,499,00044.53001107
853 E AveDetached$1,850,00033.5283922
17312 Bergis Farm DrDetached$1,920,00044.5+.548040
1625 Cloverleaf RdDetached$2,199,00044385367

Closed/Sold Oct 24-30, 2022

AddressTypeList PriceSold PriceSq FeetCDOM
48 Eagle Crest Dr 2ACondo$169,000$215,00016235
4724 Lamont CtDetached$649,000$633,00016986
27 Partridge LnDetached$699,000$680,000231715
17721 Overlook CirDetached$890,000$815,000317271
4704 Cambridge CtAttached$985,000$1,008,00028565
4360 West Bay RdDetached$1,185,000$1,175,000263632
3763 Tempest DrDetached$1,395,000$1,300,000289573
14383 Fosberg RdDetached$2,250,000$1,799,0004543152
15784 Twin Fir RdDetached$2,200,000$2,194,000347120

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.

Vote in Lake Oswego!

Well, it’s that time again! In Oregon we enjoy a time-tested voting system including mailed ballots, email notifications/tracking and convenient dropboxes located in most neighborhoods. Lake Oswego’s Drop Box locations are:

– City Hall, 380 A Avenue – located on the upper parking lot near the main (A Avenue) entrance. 

– Westlake Park, 14165 Bunick Drive – located south of the covered park area on the lane that connects to Melrose Street. These boxes are secure, available 24/7 & will remain open till 8PM on Election Day, Tues Nov 8th.

Happy voting everyone!

Market Activity ~ Oct 17-23, 2022

Last week 13 properties entered the market, 7 moved to Pending status, and 16 Sold/Closed. Right now there are 120 properties ranging from $225,000 to $11.5 mil available in lake Oswego.

Here is the breakdown according to RMLS:

NEW Oct 17-23, 2022

AddressList PriceBedsBathsSFProp Type
16250 PACIFIC HWY, #81$338,00011841CONDO
15235 BOONES WAY$624,900321686ATTACHD
6426 FROST ST$699,900432276DETACHD
18706 BRYANT RD$789,90032.12489DETACHD
14400 TRILLIUM CT$839,00042.13193DETACHD
17810 KELOK RD$845,000321557DETACHD
314 2ND ST$850,00033.11814CONDO
15684 BOONES WAY$850,00032.12425DETACHD
17920 MEADOWLARK LN$1,295,00042.12758DETACHD
4039 CANAL WOODS CT$1,495,00043.14178DETACHD
523 LAUREL ST, Lot 3$1,500,000432620DETACHD
13371 ATWATER LN$1,899,000434795DETACHD
285 BERWICK RD$1,950,00033.12560DETACHD

PENDING Oct 17-23. 2022

AddressList PriceBedsBathsTotal SFProp TypeDays
131 DEL PRADO ST$665,000332145DETACHD3
72 TOUCHSTONE$899,900433908DETACHD28
13218 DEERFIELD CT$1,100,00042.12860DETACHD5
5677 CHARLES CIR$1,225,00042.12962DETACHD69
1454 GLENMORRIE DR$1,350,00032.13345DETACHD7
285 BERWICK RD$1,950,00033.12560DETACHD3
16873 CANYON DR$1,980,000443632DETACHD48

SOLD Oct 17-23, 2022

AddressOpeningClosedBedsBathsTotal SFProp TypeDays
4463 THUNDER VISTA LN$438,000$438,00022.11741CONDO2
30 GREENRIDGE CT$550,000$474,04531.11946ATTACHD4
1988 BONNIEBRAE DR$469,000$500,000321499ATTACHD10
113 TOUCHSTONE TER$510,000$505,00032.12104ATTACHD5
5270 CHINOOK CT$495,000$525,000321391DETACHD5
15450 STEPHANIE CT$580,000$550,00032.11662ATTACHD59
16074 LAKE FOREST BLVD$599,950$557,400321354DETACHD130
66 WHEATHERSTONE, #35$599,900$600,00043.12465CONDO2
8 MOUNTAIN CIR$629,000$629,000321316ATTACHD27
2050 SOUTHSHORE BLVD$780,000$795,00032.11629DETACHD5
38 MORNINGVIEW CIR$825,000$808,000432408DETACHD9
2711 Greentree RD$969,900$855,000433241DETACHD154
17423 SCHALIT WAY$998,900$1,060,00042.12442DETACHD85
4744 CAMBRIDGE CT$985,000$1,105,00032.12856ATTACHD66
2420 PALISADES CREST DR$1,599,900$1,450,00042.13583DETACHD3
13615 WESTLAKE DR$1,790,000$1,500,00044.14396DETACHD34
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) .

Fall Events in LO

With fall in the air, there are some great events coming up her in Lake Oswego:

Farmer’s Markets

The Lake Grove Farmer’s Market is still going strong. It happens every other Sunday with 3 remaining for the year. The market will be available from 11:00-3:00 on October 30th, November 13th, and November 27th. It is held on Hallmark Dr in Lake Grove.

The Lake Oswego Farmer’s Market is finished for the year, but there will be a Reunion Market held on November 19th from 8:30-1:30. It is held at Millennium Plaza Park in downtown Lake Oswego.

Horse Drawn Wagon Ride

Happening the same day as the Reunion Farmer’s Market, November 19th and also at Millennium Plaza Park, take a 20 ride in a horse-drawn wagon through the streets of Lake Oswego. Reservations for the rides happening on the hour are already booked out, but first-come-first-serve rides are available on the half hours. Cost is $9 for those 13 years of age and older and $6 for those 0-12. For more information, click here

Monster Mash Spooktacular

Celebrate Halloween in a safe, family-friendly way by taking your kids to the Monster Mash Spooktacular. Put on by Lake Oswego Parks and Recreation, it is being held October 31st from 3:00-6:00. Dress up in costumes and go trick or treating at Christ Church Parish. There will be special appearances by both the Lake Oswego Police and Fire Departments. This is a free event for kids 0-12 years of age. Free trick-or-treating bags will be given out to the first 400 kids. For more information, click here.

Enjoy the glory of fall!

Dianne

Market Activity October 10-16, 2022

The last day of summer was yesterday. We have been enjoying temperatures in the 80’s all the way into mid October, but today that changes. High’s in the 50’s and rain in the foreseeable future.

With the arrival of fall, our market remains balanced but starting to slow down. In Lake Oswego last week we had 8 new listings, 4 of which sold quickly and appear in this report as pending sales. 15 properties went pending and 14 transactions sold/closed.

See below for RMLS details

New on the Market October 10-16, 2022

AddressTypePriceBedroomsBathsSquare Ft
4920 Mulholland DrAttached$805,00032.52498
2280 Southshore BlvdDetached$949,000422494
13218 Deerfield CtDetached$1,100,00042.52860
1454 Glenmorrie DrDetached$1,350,00032.53345

Pending Sales October 10-16, 2022

AddressTypePriceBedroomsBathsSquare FeetCDOM
48 Eagle Crest Dr 2ACondo$169,0003216235
6 Cervantes CirCondo$240,00021.591214
1988 Bonniebrae DrAttached$469,0003214994
1728 Boca Ratan DrAttached$509,0003214852
1172 Boca Ratan DrAttached$580,00032161120
1475 Cornell StDetached$699,00032159922
1105 Hallinan CirDetached$699,00032161216
18150 Bryant RdDetached$750,00032146811
4673 Lakeview BlvdDetached$895,0003220294
625 3rd StAttached$1,050,00032.526454
5524 Koderra AveDetached$1,100,00032.5295728
1685 Fernwood DrDetached$1,325,0005325924
2940 Canal RdDetached$1,500,00032.539832
12790 Fielding RdDetached$4,995,00067.5912491
21 D Ave #4Condo$2,067,00022.52431333

Sold/Closed October 10-16, 2022

AddressTypeList PriceClosed PriceSquare FtCDOM
4 Touchstone #77Condo$330,000$230,0001351128
256 CervantesAttached$548,907$520,0001984158
918 Lake Front RdDetached$708,000$650,00092111
5788 Langford LnDetached$650,000$650,000159814
5429 Kenny StDetached$715,000$660,000158461
1130 Hallinan CtDetached$650,000$660,00014634
1250 Hallinan CirDetached$825,000$700,000216857
18 Partridge LnDetached$780,000$780,000314517
32 Independence AveDetached$746,000$790,00034205
18591 Waxwing WayDetached$885,000$861,000214532
4264 Harvey WayDetached$925,000$862,500272836
16018 Waluga DrDetached$1,150,000$915,5001962135
4137 Orchard WayDetached$1,175,000$1,150,000368015
1287 Cherry LnDetached$2,999,000$3,000,00053124

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.

Sept Numbers- Portland Real Estate Stats + LO

Here is your snapshot of Real Estate Activity in the Portland Metro Area-Sept 2022: (LO broken out below)

Comparing the first nine months of 2022 to the same period in 2021, the Average Sale price has increased 8.6% overall and Median Sale price increased 8.9%. Sept volume in all categories (New, Pending & Sold) decreased from last year and the previous month, whereas in Sept of last year New Listings and Pending Sales actually increased. That said, this is now officially “Fall” and slowing down is normal. Inventory is up. Every year I especially tell Buyers that this is the absolute best time of year to buy in Portland, as Sellers tend to be more amenable to “discussions”, and this year it’s particularly pertinent. I’m also advising my New Listing clients to get their properties on the market now in order to get them Sold prior to the holidays setting in. In all cases, we know what is happening in the market right now and can plan around that, whereas we don’t know what will be happening in the Spring, for instance. Rates: “Currently 30-year fixed rates are in the mid 6% range. Inflation pressures are persisting, however we have finally seen some leveling off on that front.” Gary Boyer, Regional VP, Directors Mortgage

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

  • There were 3,151 New Listings in Sept 2022 down 16.2% from 3,760 in Sept 2021 and down 1.7% from the previous month/August’s 3,209.
  • At 2,237 Sept 2022’s Closed Sales (Solds) are down 29.4% from Sept 2021’s 3,167, and down 13.3% from the previous month/August 2022’s total of 2,581.
  • At 2,003 Sept 2022’s Pending Sales (accepted Offers) are down 36.8% from Sept 2021’s 3,170, and also down 20.8% from the previous month/August’s total of 2,530.
  • The Average Sale Price in September 2022 of, $598,700 is up $27,200 from last year/Sept 2021’s $571,500, and down $9,000 from the previous month/August’s $607,700.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in September 2022 of $548,00 is up $38,000 over last year/Sept 2021’s $510,000, and is nearly the same as the previous month’s $548,400.

LAKE OSWEGO (September 2022):

208 Active Listings (Aug 205)
143 New Listings  (Aug 151)
102 Pending Sales (Aug 117)
104 Closed Sales  (Aug 120)
Average Sale Price for Aug: $959,100 (Aug $950,000)
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.
37 Days on the Market   (Aug 25)

Market Activity ~ Oct 3-9, 2022

Last week Lake Oswego saw 15 properties enter the market, 11 move to Pending status, and 15 Sold/Closed. There are currently 126 available properties ranging from $169,000 to 11.5 mil.

Here is the breakdown according to RMLS:

NEW Oct 3-9, 2022

AddressList PriceBedsBathsSFProp Type
201 CERVANTES$325,00021.11247CONDO
1988 BONNIEBRAE DR$469,000321499ATTACHD
4226 WOODSIDE CIR$537,500321578ATTACHD
625 3RD ST$1,050,00032.12645ATTACHD
1685 FERNWOOD DR$1,325,000532592DETACHD
853 E AVE$1,850,00033.12839DETACHD
4241 COBB WAY$1,949,00043.13292DETACHD
17663 HILL WAY$1,999,000433375DETACHD
16885 FERNWOOD DR$2,149,00043.13753DETACHD
2320 GLEN HAVEN RD$2,385,000443875DETACHD
915 OAK TER$2,435,000443816DETACHD
3331 FIR RIDGE RD$2,499,000443771DETACHD
1012 LAKE FRONT RD$3,899,00044.14735DETACHD
1776 SKYLAND DR$4,975,00044.15034DETACHD
1455 CHANDLER RD$5,475,00056.15588DETACHD

PENDING Oct 3-9, 2022

AddressList PriceBedsBathsSFProp Type
201 CERVANTES$325,00021.11247CONDO
1988 BONNIEBRAE DR$469,000321499ATTACHD
4226 WOODSIDE CIR$537,500321578ATTACHD
625 3RD ST$1,050,00032.12645ATTACHD
1685 FERNWOOD DR$1,325,000532592DETACHD
853 E AVE$1,850,00033.12839DETACHD
4241 COBB WAY$1,949,00043.13292DETACHD
17663 HILL WAY$1,999,000433375DETACHD
16885 FERNWOOD DR$2,149,00043.13753DETACHD
2320 GLEN HAVEN RD$2,385,000443875DETACHD
915 OAK TER$2,435,000443816DETACHD
3331 FIR RIDGE RD$2,499,000443771DETACHD
1012 LAKE FRONT RD$3,899,00044.14735DETACHD
1776 SKYLAND DR$4,975,00044.15034DETACHD
1455 CHANDLER RD$5,475,00056.15588DETACHD

SOLD Oct 3-9, 2022

AddressOpeningClosedBedsBathsSFProp TypeDays
1 ORIOLE LN$625,000$565,00032.12317DETACHD101
1695 HALLINAN ST$729,000$650,000432763DETACHD11
18040 BELMORE AVE$749,900$695,000322077DETACHD37
15443 SW MEADOWLARK CT$824,900$709,500321895DETACHD17
2190 FERNWOOD CIR$735,000$710,000532507DETACHD15
67 TANGLEWOOD DR$839,900$764,00042.13149DETACHD56
17377 MARJORIE AVE$995,000$870,000432651DETACHD20
18100 BRYANT RD$990,000$890,00031.11425DETACHD13
18010 GIMLEY CT$1,200,000$1,090,00053.13652DETACHD53
17244 FERNWOOD DR$1,150,000$1,115,00042.12617DETACHD23
2777 GLEN HAVEN RD$1,200,000$1,127,50032.12560DETACHD102
5786 WASHINGTON CT$1,199,000$1,209,000433186DETACHD6
2211 FERNWOOD CIR$1,595,000$1,540,000533431DETACHD17
18735 BRYANT RD$2,695,000$2,300,00043.15544DETACHD118
16511 MAPLE CIR$3,800,000$3,500,00043.13356DETACHD30
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) .

Drug Take Back Event

On October 29th, from 10am to 2pm, you can take unused and not needed medications to Lake Oswego’s drug-take-back event.

Prescription-Pills

This will be a drive thru event held at the Gallagher Building at Mary’s Woods (17550 Provost St, Lake Oswego). People are asked to stay in their vehicles.

Accepted items are prescription and over-the -counter medications. Also accepted are Vape pens and E cigarettes WITHOUT batteries. Unknown medications and veterinary meds are going to be accepted as well.

Not accepted are medications from businesses such as nursing homes. This collection event is for individual households only.

Also not accepted are vaping pens with batteries, EpiPens, intra-venous solutions, injectables, inhalers, syringes, chemotherapy medications, or medical waste. To get rid of these items, call Metro Recycling at 503-234-3000.

If the container contains personal information, please cross it out. Items not in original containers can be put into sealed plastic bags. If the item is liquid or gel, please put it into a sealed plastic bag.

For more information, click here.

I hope you have found this information useful.

Dianne