Property Blotter – Page 56 – Lake Oswego Real Estate Blog

October 27, 2020

Market Activity October 19-25, 2020

We had a burst of new listings in Lake Oswego last week with 23 properties coming onto the market. That’s about 30% more than recent previous weeks. We also had 20 properties that accepted offers and went into pending status. 20 properties became closed sales. Those numbers are very balanced. I’d call the market stable from every angle.

See below for an explanation of the RMLS data.

New listings October 19-25, 2020

Address	Type	Price	BR	Baths	Sq Ft
4000 Carman Dr #79	Condo	$270,000	2	2	993
16377 Kimball St	Detached	$389,000	3	1	1200
206 Greenridge Dr	Attached	$475,000	3	2	1392
16246 Parker Rd	Detached	$479,900	3	2	1280
98 Kingsgate Rd	Detached	$510,000	3	2.5	1727
15500 Boones Way	Detached	$535,000	3	2	1309
1705 Conifer Dr	Detached	$539,000	3	1.5	1850
127 Greenwood Rd	Detached	$550,000	3	1	1201
4362 Galewood St	Detached	$558,000	3	2.5	1684
621 9th St	Detached	$649,000	2	2	2214
17061 Crestview Dr	Detached	$649,900	4	2	2216
1202 Spruce St	Detached	$735,000	2	2.5	1706
1604 Country Club Rd	Detached	$800,000	4	3.5	3878
5185 Woodcrest Ln	Detached	$835,000	3	2.5	2554
1216 Spruce St	Detached	$840,000	3	2.5	2066
6 Yorick St	Detached	$849,950	5	3	3116
17649 Woodhurst Pl	Detached	$1,000,000	6	4.5	5669
6441 Mission Ct	Detached	$1,165,000	4	3	3201
6155 McEwan Rd	Detached	$1,250,000	5	3	3728
312 9th St	Detached	$1,350,000	3	2.5	2686
16234 Waluga Dr	Detached	$1,395,000	5	3.5	3130
45 Nanson Summit	Detached	$1,430,000	4	4.5	5874
1132 Troon Rd	Detached	$2,450,000	4	3.5	4165

Pending sales October 19-25, 2020

Address	Type	Price	BR	Baths	Sq Ft	CDOM
4615 Lakeview Blvd	Condo	$242,500	1	1	753	37
668 McVey Ave #65	Condo	$315,000	1	1	636	38
5059 Foothills Dr E	Condo	$325,000	2	2	991	27
5626 Fernbrook Way	Detached	$489,000	3	1.5	1250	59
5136 Jean Rd	Detached	$495,000	3	2	1412	21
13679 Johnson Terrace	Detached	$515,000	2	1	917	6
4102 Buck Brush Ln	Detached	$697,000	4	3	2205	3
4045 Melissa Dr	Detached	$699,900	4	2.5	2529	40
17897 Sundown Ct	Detached	$699,900	5	3	3755	99
312 4th St	Attached	$720,000	2	2.5	1731	22
12436 Orchard Hill Rd	Detached	$725,000	4	2.5	2891	8
7 Falstaff St	Detached	$729,000	5	2.5	2484	1
5124 Rosewood St	Detached	$739,900	4	3.5	3516	39
634 Carrera Ln	Detached	$750,000	4	2.5	3282	4
13947 Majestic Ct	Detached	$799,900	4	3.5	2822	3
13453 Streamside Dr	Detached	$839,000	3	2.5	2932	5
14360 Trillium Ct	Detached	$860,000	5	3	3558	122
6463 Mission Ct	Detached	$1,165,000	3	3.5	3547	290
3131 Wembly Park Rd	Detached	$1,344,500	4	3.5	3597	147
289 G Ave	Detached	$1,499,000	6	3.5	4193	160

Sold/closed Sales October 19-25, 2020

Address	Type	List Price	Sold Price	Sq Ft	CDOM
126 Oswego Summit	Condo	$195,000	$190,000	764	30
4000 Carmen Dr A-16	Condo	$264,900	$257,000	1,025	48
4642 Lower Dr	Condo	$275,000	$260,000	1260	33
213 Oswego Summit	Condo	$312,700	$312,700	1383	4
6073 Harrington Ave	Detached	$429,900	$414,000	1050	34
16878 Canyon Dr	Detached	$599,500	$599,500	2298	36
5885 Dove Ct	Detached	$599,900	$610,000	1795	7
18706 Bryant Rd	Detached	$655,000	$630,000	2489	99
2 Mozarteum Ct	Detached	$705,000	$715,000	2192	4
5335 Westfield Ct	Detached	$899,900	$826,000	3122	25
2146 Summit Dr	Detached	$850,000	$830,000	2592	3
18857 Indian Springs Circle	Detached	$839,900	$842,900	2572	9
17931 Meadowlark Ln	Detached	$899,900	$889,900	4385	14
3200 Upper Dr	Detached	$900,000	$900,000	2542	4
19457 35th Ct	Detached	$959,000	$915,000	3538	40
3343 Fir Ridge Rd	Detached	$1,100,000	$975,000	3430	23
717 8th St	Detached	$1,235,000	$1,133,800	2584	54
3080 Westview Circle	Detached	$1,299,000	$1,273,000	3473	38
17522 Bryant Rd	Detached	$1,399,000	$1,325,000	3545	39
13744 Knaus Rd	Detached	$1,450,000	$1,450,000	3667	8

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.

October 24, 2020

News & Notes ~ Sept 2020 Numbers

Here is your look at the most recent data for the entire Portland area (Sept 2020) and how Lake Oswego fits in to this picture just below.

Inventory is now basically lower than its ever been. That’s a big deal. Listings have dropped substantially from August, and Pending Sales (transactions in progress) are up a whopping 36.4% over Sept 2019, which reflects how the activity locally was pushed way farther into/through the summer than is usual.

This time of year I still say “Fall is for Buyers” as Sellers are generally more willing to negotiate heading into winter, but this year it is good to be a Seller too, as there is just not much out there in terms of competition.

Rates are still very good, around 2.875 today.

According to the RMLS Market Action Report for the Portland Metro Area, Sept 2020:

There were 3,264 New Listings in Sept 2020 which decreased 5.9% from Sept of 2019’s 3,470, and decreased 16.0% over the previous month/August’s 3,885.
At 3,251, Sept 2020’s Closed Sales are up 36.8% from Sept 2019’s 2,377, and also up 3.2% from the previous month/Aug 2020’s total of 3,149
At 3,152, Sept 2020’s Pending Sales are up 17.3% from Sept 2019’s 2,686, and decreased 14.7% over the previous month/July 2020’s total of 3,697.
The Average Sale Price in Sept 2020 of $510,000 is up $51,600 from last year/Sept 2019’s $458,400, and is about the same as the previous month/Aug 2020’s $511,000. YTD increase is 5.7%.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Sept 2020 of $451,000 rose from last year/Sept 2019’s $410,000 by $41,000, and is up by $2,000 from the previous month/Aug 2020’s $449,000. YTD increase is 5.7%.

Neighborhoods: September’s Average Sale Price + 12-month Appreciation:

North Portland: $476,000 5.0% (Aug $461,800)
- YTD Median: $430,000
NE Portland: $532,100 3.3% (Aug $527,500)
- YTD Median: $450,000
SE Portland: $467,700 5.9% (Aug $487,200)
- YTD Median: $402,000
Gresham/Troutdale: $409,300 4.1% (Aug $393,900)
- YTD Median: $370,000
Milwaukie/Clackamas: $487,300 5.4% (Aug $480,800)
- YTD Median: $445,000
Oregon City/Canby: $469,700 5.0% (Aug $481,800)
- YTD Median: $439,900
Lake Oswego/West Linn:$782,600 10.4% (Aug $787,000)
- YTD Median: $637,000
West Portland: $636,600 3.4% (Aug $656,500)
- YTD Median: $545,000
NW Wash County: $600,600 4.3% (Aug $574,200)
- YTD Median: $516,500
Beaverton/Aloha: $447,000 4.1% (Aug $442,000)
- YTD Median: $415,000
Tigard/Wilsonville: $534,300 7.7% (Aug $537,900)
- YTD Median: $475,000
Hillsboro/Forest Grove: $438,300 5.6% (Aug $452,400)
- YTD Median: $407,300

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn for the month of September 2020 reported:

- 250 Active Listings (Aug 290)
- 173 New Listings (Aug 229)
- 180 Pending Sales (Aug 208)
- 191 Closed Sales (Aug 178)
- Average Sale Price for Sept: $782,600 (Aug $787,000)
  - 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.
- 45 Average Days on the Market (Aug 71)

October 23, 2020October 23, 2020

Market Activity ~ Oct 12-18, 2020

Last week we saw 11 New Properties arrive on the market, 30 move to Pending status, and 26 finalized sales move to Closed status. Hurray for all these new or soon-to-be-new Lake Oswego residents! Right now there are 156 beautiful homes available in Lake Oswego. The following is the activity per RMLS during the last week:

NEW: Oct 12-18, 2020

PENDING: Oct 12-18, 2020

SOLD: Oct 12-18, 2020

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.

October 17, 2020

Market Activity Oct 3-11, 2020

Last week in Lake Oswego the market kept chugging right along. We had 13 properties come onto the market, 38 received accepted offers and went into pending status, and 19 sold/closed sales.

See below for an explanation of the RMLS data

New on the market Oct 3-11, 2020

Address	Type	Price	BR	Baths	Sq Ft
344 Cervantes Circle	Condo	$223,000	2	1.5	921
668 McVey Ave #83	Condo	$259,000	2	1.5	992
34 Wheatherstone #17	Condo	$399,000	3	2.5	1692
17841 Westview Dr	Detached	$739,000	4	2	2448
4681 Trillium Woods	Attached	$749,000	3	2.5	2185
13903 Sundeleaf Dr	Detached	$750,000	4	2	2496
17421 Brookhurst Dr	Detached	$899,900	4	3.5	3756
27 Juarez St	Detached	$998,000	5	3.5	4889
1891 Palisades Lake Ct	Detached	$1,425,000	4	4.5	5389
1947 Summit Dr	Detached	$1,795,000	4	5.5	5570
907 Terrace Dr	Detached	$3,000,000	6	4.5+.5+.5	7296
1405 Country Commons	Detached	$3,150,000	5	4.5+.5	6522
3917 Southshore Blvd	Detached	$5,200,000	4	4.5+.5	5083

Pending sales Oct 3-11, 2020

Address	Type	Price	BR	Baths	Sq Ft	CDOM
72 Galen St	Condo	$182,500	1	1	690	3
92 Cervantes Circle	Condo	$205,000	2	1.5	912	36
15938 Quarry Rd A-6	Condo	$235,000	2	1	991	4
4 Touchstone #70	Condo	$245,000	3	2.5	1351	136
5225 Jean Rd #506	Condo	$255,000	2	2	1100	2
45 Eagle Crest Dr #401	Condo	$285,000	3	2	1348	40
4107 Jefferson Pkwy	Condo	$325,000	2	2.5	1507	32
15486 Brianne Ct	Attached	$375,000	2	2.5	1246	8
18275 Terry Ct	Detached	$459,900	3	1.5	1270	2
1001 Cedar St	Detached	$499,000	4	2.5	2572	28
5713 Kenny St	Detached	$499,900	3	2	1384	4
937 Country Club Rd	Detached	$503,500	2	1	1650	23
19167 Longfellow Ave	Detached	$525,000	3	2	1782	6
12 Saint Helens Circle	Detached	$525,000	3	2	1780	29
4862 Indian Creek Ct	Detached	$534,900	3	2	1390	4
86 Greenridge Ct	Attached	$597,000	4	3.5	2718	109
14863 Twin Fir Ct	Detached	$610,000	3	2	1648	77
1427 Aspen ST	Detached	$635,000	4	2	2319	15
4420 Galewood St	Detached	$649,000	3	2.5	2078	4
2165 Ridge Pointe Dr	Detached	$650,000	4	3	4749	5
312 4th St	Attached	$720,000	2	2.5	1713	3
300 4th St	Attached	$724,900	2	2.5	1731	59
4388 Snowbrush Ct	Detached	$799,000	5	4	3928	153
100 D Ave	Attached	$825,000	2	2.5	1847	29
2100 Summit Dr	Detached	$849,900	3	3	2358	5
345 E Ave	Detached	$899,000	3	2	1582	2
2885 Dellwood Dr	Detached	$924,900	4	3.5	3749	78
5690 Bay Creek Dr	Detached	$969,000	4	2.5	3268	4
5871 Ridgetop Ct	Detached	$975,000	4	2.5	3543	3
17641 Brookhurst Dr	Detached	$989,000	4	2.5	3470	5
2900 Upper Dr	Detached	$1,040,000	3	2	2272	28
2701 Glen Haven Rd	Detached	$1,085,000	3	2	3134	3
1507 Cedar ST	Detached	$1,099,900	3	2.5	2505	67
428 C Ave	Attached	$1,149,888	3	3	2607	12
18320 Meadowlark Ln	Detached	$1,577,000	4	4.5+.5	6054	159
1588 View Lake Ct	Detached	$1,995,000	4	2.5+.5	4429	4
19025 Hill Top Rd	Detached	$2,199,500	5	4.5	5366	215
15607 Village Dr	Detached	$2,589,000	5	3.5	5407	230

Sold/Closed sales Oct 3-11, 2020

Address	Type	List Price	Sold Price	Sq Ft	CDOM
90 Galen St	Condo	$149,900	$150,400	552	4
16200 Pacific Hwy #24	Condo	$357,900	$300,000	1,190	164
21 Britten Ct	Attached	$429,000	$445,000	1972	4
6136 Fernbrook Circle	Detached	$449,900	$482,500	1250	5
5767 Baliene St	Detached	$499,900	$514,900	1160	45
5907 Kenny St	Detached	$499,900	$530,000	1283	1
2823 Orchard Hill Pl	Detached	$550,000	$567,500	2302	4
2735 Greentree Rd	Detached	$579,900	$590,000	1616	7
620 Tippecanoe Ct	Detached	$649,900	$650,000	1718	9
875 Boca Ratan Dr	Detached	$749,000	$675,000	2502	24
4403 Oakridge Rd	Attached	$760,000	$719,000	2052	55
16419 Lexington Ct	Detached	$739,000	$725,000	2409	9
5269 Denton Dr	Detached	$940,000	$950,000	3173	3
1149 Cherry Ln	Detached	$1,050,000	$1,015	3231	12
408 Northshore Rd	Detached	$1,395,000	$1,325	3753	254
1318 Horseshoe Curve	Detached	$1,425,000	$1,425	3715	3
18147 Pilkington Rd	Detached	$1,796,000	$1,660	4636	15
305 Chandler PL	Detached	$2,850,000	$2,700	5334	43
757 Lake Shore Rd	Detached	$3,089,000	$2,995	4098	72

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.

October 12, 2020October 19, 2020

The Week in Lake Oswego ~ Oct 12-18, 2020

Here are my picks for things happening this week!

Mon, Oct 12, 2020– 12:00-1:00PM – Lunch 2 Go! ~ Dining Room is obviously problematic during COVID, but this service continues M/W/F with drive-up service! They love to see your faces! $4.00 over 60 and $5.00 under 60. Adult Community Center – 505 G Ave – Info & Ordering: CLICK HERE

Tue, Oct 13, 2020 – 4:00-5:00PM – Cook the Books Book Group~Join via Webex every week to eat and talk about food! Enjoy recipe exchanges and trying out recipes from a variety of cookbooks. – Info & Registration: CLICK HERE

Wed, Oct 14, 2020 – 6:30-7:00PM / Ages 2-12- All About Cats (Virtual Class) ~ Each week kids explore and learn all about the world of cats! – Presented by CCP~ Info & Reg: CLICK HERE

Thu, Oct 15, 2020 2:00-3:00 – Healthy Eating Every Day ~On Mondays and Thursdays learn how to adjust your eating during these challenging COVID times. Get back in the swing of healthy eating! ~ Presented by Adult Community Center – Info & Registration: CLICK HERE

Fri , Oct 16 2020: 9AM-9PM, Video Postcards from Your Librarians! ~ Check in every Friday for new stories, songs and general levity “till we can all be back together again”. Available online 24 hrs/day. Refreshed weekly. Presented by Lake Oswego Library.- Info: CLICK HERE

Sat , Oct 17 2020: 10:00AM, Storyline Online ~Every Saturday enjoy celebrated actors reading children’s books alongside creatively produced illustrations. Fresh videos are featured weekly on the Lake Oswego Library’s Kids Page. Info: CLICK HERE

Sun, Oct 18, 2020– 1:00-3:00PM – Stewardship Work Party at Iron Mountain Park ~ Help restore 50 acres of treasured natural habitat. Bring a shovel, pruners, gloves and a container of water. – Iron Mountain Park, Parking: Off Glen Eagles Rd – Info & Registration: CLICK HERE

October 11, 2020October 23, 2020

Market Activity ~ Sept 28-Oct 4, 2020

Last week in Lake Oswego we saw 16 New Properties come on the market, 22 move to Pending status, and 28 Closed Transactions. There are currently 170 properties to choose from in Lake Oswego!

NEW Sept 28- Oct 4, 2020

PENDING Sept 28-Oct 4, 2020

SOLD Sept 28-Oct 4, 2020

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.

October 2, 2020October 3, 2020

Featured Property: 45 Eagle Crest #212

I am super excited to tell you about this wonderful condo in the Eagles Crest Condominiums. It is 780 square feet with 1 bedroom and 1 bath. It has a 26 foot deck for outdoor entertainment and relaxation. OK, those are the basics, but there are two features that make this property a stand out.

First, it has sweeping Easterly views. You look out across the metro area to the East where you can see the Willamette River and twinkling lights of the city. The owner will get to wake to sunrises and have serenity of the sky from the main rooms of the home.

Second, this Home Owner’s Association is pretty great. I’ve sold lots and lots of condos. It just isn’t very often that an HOA impresses me. This one impresses me because with all of the features it offers, the monthly fee is relatively low. For $333 a month you get a pool, sauna, party room, game room, exercise room, sauna, on-sight management, water, sewer and garbage. Then, and this is unusual, the HOA owns half a dozen guest suites. They are basically hotel rooms that you can rent if you have house guests. The rent is $50 for the first night and $20 for each subsequent night. That is a deal! Suddenly the one bedroom condo is bigger than 780 square feet.

This sweet condo is priced at just $189,900. The price makes it ideal as an investment (there is no rental cap), or for someone wanting to live in LO for under $200,000. It’s also ideal for an older person who needs easy living with no stairs. Entry into the building is on the same level as the condo. So for basic coming and going there are zero stairs. But if you do need to go downstairs to get your mail or to retrieve something from your storage unit, there is an elevator.

Please give me a call if you have any questions. I’d love to show it to you. -Dianne, 503-803-6298.

October 1, 2020October 2, 2020

Market Activity Sept 21-27, 2020

Linda and I hope that you like the new look that the blotter has. We are pretty excited about it!

Last Week in Lake Oswego there were 15 new listings, 19 properties with accepted offers that went pending, and 26 closed sales.

See below for market details.

New on the Market Sept 21-27, 2020

Address	Type	Price	BR	Baths	Sq Ft
30 Oswego Summit	Condo	$198,500	1	1	700
668 McVey Ave #40	Condo	$249,900	1	1	636
181 Oswego Summit	Condo	$289,000	2	2	1383
5059 Foothills Dr E	Condo	$325,000	2	2	1097
5058 Foothills Dr H	Condo	$339,900	3	2	1252
4520 Lower Dr A1	Condo	$459,900	3	2.5	1750
3595 Tempest Dr	Detached	$615,000	3	2	2126
2734 Orchard Hill Ln	Detached	$699,000	4	3	2800
221 Hidalgo St	Detached	$710,000	3	2.5	2660
4113 Wood Hill Ct	Detached	$745,000	4	3	2810
5338 Royal Oaks Dr	Detached	$819,000	4	2.5	2720
18375 River Edge Ln	Detached	$1,185,000	4	2.5	3612
877 9th St	Detached	$1,450,000	3	2.5	2932
17495 Kelok Rd	Detached	$1,750,000	3	2.5	3282
13615 Knaus Rd	Detached	$1,995,000	4	3.5	4294

Pending Sept 21-27, 2020

Address	Type	Price	BR	Baths	Sq Ft	CDOM
90 Galen St	Condo	$149,900	1	1	552	4
320 Cervantes Circle 12B	Attached	$209,900	2	1	832	3
6930 Montauk Circle	Condo	$235,000	2	1	924	12
4632 Lower Dr	Condo	$275,000	2	1.5	1260	33
4340 Botticelli	Condo	$369,900	3	315	2285	160
4963 Suntree Ln	Detached	$529,900	2	2.5	1861	81
2305 Glen Haven Rd	Detached	$595,000	3	2	1593	2
5364 Rosewood St	Detached	$599,000	4	2.5	1980	15
5885 Dove Ct	Detached	$599,900	3	3	1795	7
14408 Orchard Springs Rd	Condo	$600,000	5	3	2158	3
25 Becket St	Detached	$650,000	5	3	3112	14
17226 Tualatin St	Detached	$695,000	4	2.5	1942	4
151 C Ave	Attached	$795,000	2	2.5	1934	30
5682 Charles Circle	Detached	$839,000	4	3	3052	3
5335 Westfield Ct	Detached	$889,900	4	2.5	3122	25
19245 Megly Ct	Detached	$899,000	5	3	3490	41
18140 Pioneer Ct	Detached	$964,900	4	3	2524	2
15650 Quarry Rd	Detached	$1,298,000	3	2.5	3126	14
800 Terrace Dr	Detached	$1,559,000	5	4.5	5359	160

Sold/Closed Sept 21-27, 2020

Address	Type	List Price	Sold Price	Sq Ft	CDOM
4 Touchstone #126	Condo	$210,000	$197,700	984	72
4 Touchstone #146	Condo	$244,900	$244,900	979	88
4000 Carman Dr E74	Condo	$229,900	$230,000	836	13
45 Eagle Crest Dr #402	Condo	$249,000	$249,000	768	7
3844 Botticelli St	Condo	$319,000	$305,000	1132	30
37 Greenridge Ct	Attached	$399,000	$355,000	1176	52
750 1st St A12	Condo	$379,000	$360,000	1350	24
1120 Boca Ratan Dr	Attached	$400,000	$410,000	1611	5
5168 Lakeview Blvd	Detached	$395,000	$415,000	960	4
6024 Fernbrook Circle	Detached	$494,900	$512,500	1616	2
12850 Alto Park Rd	Detached	$600,000	$600,000	1147	9
15601 Tanager Dr	Detached	$619,900	$625,000	2046	6
1280 Oak Terrace	Detached	$579,900	$635,000	1685	1
12401 Shelby Ct	Detached	$660,000	$680,000	2718	1
1953 Summit Dr	Detached	$889,000	$819,000	3312	47
17838 Lake Haven Dr	Detached	$839,900	$875,000	2214	3
3903 Tempest Dr	Detached	$899,000	$899,000	2557	14
47 Hillshire Dr	Detached	$1,085,000	$1,110,000	3324	6
5156 Dawn St	Detached	$1,150,000	$1,150,000	2413	15
16429 Bonaire Ave	Detached	$1,299,900	$1,250,000	2967	30
17171 Cedar Rd	Detached	$1,795,000	$1,500,000	3746	389
13888 Goodall Rd	Detached	$1,738,000	$1,738,000	4435	5
17322 Cedar Rd	Detached	$1,795,000	$1,810,000	3432	30
768 Berwick Ct	Detached	$2,150,000	$1,810,000	4127	19
931 Atwater Rd	Detached	$2695,000	$2,500,000	4127	19
910 Northshore Rd	Detached	$4,595,000	$4,350,000	5455	17

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.

September 27, 2020September 11, 2022

News & Notes ~ Aug 2020 Numbers

Here is your look at the most recent data for the entire Portland area (August 2020) and how Lake Oswego fits in to this picture just below.

Inventory is still very low. Pending Sales (Offers being accepted) are up this summer. About the same as July, and up a whopping 26.2% from last year.

It is still considered a Sellers’ Market and Buyers are still out en force. Rates are still very good, around 2.875 today.

According to the RMLS Market Action Report for the Portland Metro Area, August 2020:

There were 3,885 New Listings in Aug 2020 which increased 3.4% from Aug of 2019’s 3,757, and decreased 8.3% over the previous month/July’s 4,236.
At 3,149, Aug 2020’s Closed Sales are up at 8.5% from Aug 2019’s 2,901, and dropped by 7.1% from the previous month/July 2020’s total of 3,391
At 3,697, Aug 2020’s Pending Sales are up 26.2% from Aug 2019’s 2,929, and increasing 1.1% over the previous month/July 2020’s total of 3,656.
The Average Sale Price in Aug 2020 of $511,000 is up $48,400 from last year/Aug 2019’s $462,600, and is also up $8,700 from the previous month/July 2020’s $502,300. YTD increase is 4.8%.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Aug 2020 of $449,000 rose from last year/July 2019’s $417,500 by $31,500, and is up by $4,000 from the previous month/July 2020’s $445,000 YTD increase is 4.9%.

Neighborhoods: August’s Average Sale Price + 12-month Appreciation:

North Portland: $461,800 3.6% (July $453,900)
- YTD Median: $427,000
NE Portland: $527,500 2.6% (July $515,100)
- YTD Median: $445,000
SE Portland: $487,200 4.7% (July $459,500)
- YTD Median: $400,000
Gresham/Troutdale: $393,900 2.3% (July $393,100)
- YTD Median: $369,000
Milwaukie/Clackamas: $480,800 4.9% (July $487,000)
- YTD Median: $442,000
Oregon City/Canby: $481,800 4.5% (July $447,300 )
- YTD Median: $439,800
Lake Oswego/West Linn:$787,000 10.2% (July $830,600)
- YTD Median: $629,000
West Portland: $656,500 1.8% (July $629,500)
- YTD Median: $540,000
NW Wash County: $574,200 2.5% (July $575,600 )
- YTD Median: $513,000
Beaverton/Aloha: $442,000 3.1% (July $416,300)
- YTD Median: $410,500
Tigard/Wilsonville: $537,900 5.7% (July $537,300)
- YTD Median: $474,000
Hillsboro/Forest Grove: $452,400 5.8% (July $437,100)
- YTD Median: $404,000

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn for the month of August 2020 reported:

- 290 Active Listings (July 311)
- 229 New Listings (July 242)
- 208 Pending Sales (July 191)
- 178 Closed Sales (July 193)
- Average Sale Price for Aug: $787,000 (July $830,600)
  - 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.
- 71 Average Days on the Market (July 62)

September 25, 2020September 11, 2022

Market Activity ~ Sept 14-20, 2020

Last week in Lake Oswego there were 14 New listings, 20 properties that went into Pending status, and 32 Closed sales. There are currently 181 Properties for sale in Lake Oswego!

Following is the breakdown for you according to RMLS:

New on the Market (Sept 14-20, 2020)

Address	List Price	# Beds	# Baths	Total SF	Prop Type
4 TOUCHSTONE #112	$219,900	3	2.1	1351	CONDO
4615 LAKEVIEW BLVD/Grnd	$242,500	1	1	753	CONDO
4045 JEFFERSON PKWY	$310,000	2	2.1	1182	CONDO
668 McVey AVE #65	$315,000	1	1	636	CONDO
937 COUNTRY CLUB RD	$503,500	2	1	1650	DETACHD
5885 DOVE CT	$599,900	3	3	1795	DETACHD
29 WALKING WOODS DR	$600,000	3	2	2311	DETACHD
17226 TUALATIN ST	$695,000	4	2.1	1942	DETACHD
15988 WHITE OAKS DR	$749,950	4	2.1	2854	DETACHD
13998 WESTCOTT CT	$849,900	4	2.1	2727	DETACHD
13217 FOX RUN	$868,000	4	3	2906	DETACHD
639 CARRERA LN	$1,350,000	4	3.1	4447	DETACHD
15536 VILLAGE DR	$1,350,000	5	3	3985	DETACHD
629 5TH ST	$1,475,000	4	2.1	2985	DETACHD

Pending Sales (Sept 14-20, 2020)

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
4000 Carman DR A-16	$257,000	2	2	1025	CONDO	48
213 OSWEGO SMT / Upper	$312,700	2	2	1383	CONDO	4
16200 PACIFIC HWY #24	$315,900	2	2	1190	CONDO	164
4093 JEFFERSON PKWY	$324,500	2	2.1	1302	CONDO	22
6073 HARRINGTON AVE	$429,900	2	1	1050	DETACHD	34
1001 CEDAR ST	$499,000	4	2.1	2572	DETACHD	5
5907 KENNY ST	$499,900	3	2	1283	DETACHD	1
18706 BRYANT RD	$645,000	3	2.1	2489	DETACHD	99
49 TANGLEWOOD DR	$649,900	4	2.1	2502	DETACHD	161
15480 HERITAGE CT	$665,000	4	2.1	2432	DETACHD	6
39 TOUCHSTONE	$699,900	4	3	3400	DETACHD	39
2 MOZARTEUM CT	$705,000	4	2.1	2192	DETACHD	4
4045 MELISSA DR	$758,000	4	2.1	2529	DETACHD	7
2341 STONEHURST CT	$885,000	4	2.1	3389	DETACHD	15
19457 35TH CT	$929,000	4	2.1	3538	DETACHD	40
5983 CLAIRMONT CT	$975,000	5	3	3518	DETACHD	1
15469 DIAMOND HEAD RD	$1,098,000	4	3	3734	DETACHD	460
717 8TH ST	$1,170,000	4	2.1	2584	DETACHD	54
17522 BRYANT RD	$1,399,000	4	4	3545	DETACHD	39
17787 CARDINAL DR	$2,098,000	4	4	3270	DETACHD	62

Sold/Closed (Sept 14-20, 2020)

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
44 EAGLE CREST DR #15	$170,000	$164,000	1	1	798	CONDO	23
4 TOUCHSTONE #81	$224,950	$175,000	3	2.1	1350	CONDO	29
4 TOUCHSTONE #130	$205,000	$195,000	2	2	984	CONDO	186
3864 BOTTICELLI ST	$257,500	$255,000	2	1.1	1132	CONDO	28
7 SUMMIT RIDGE CT	$449,000	$440,000	2	2.1	1704	ATTACHD	14
1 PHEASANT RUN	$475,000	$450,000	3	2.1	1780	DETACHD	11
18344 TERRY AVE	$425,000	$476,000	3	1	1204	DETACHD	6
151 KINGSGATE RD	$499,999	$490,000	2	2	1585	DETACHD	34
112 TOUCHSTONE TER	$520,000	$535,000	3	2.1	2002	ATTACHD	0
17200 ROBB PL	$610,000	$600,000	3	2.1	2206	DETACHD	9
1714 MEADOWS DR	$583,000	$602,000	3	2	1804	DETACHD	4
5834 SEVILLE AVE	$679,900	$620,000	3	2	2056	DETACHD	13
4962 HARVARD CT	$670,000	$642,000	4	2.1	2522	DETACHD	52
12788 SIERRA VISTA DR	$770,000	$722,000	4	3.1	2880	DETACHD	29
460 BOCA RATAN DR	$705,000	$750,000	3	3	2164	DETACHD	5
1868 GLENMORRIE DR	$829,900	$769,000	4	4	3158	DETACHD	12
13885 PROVINCIAL HILL DR	$799,500	$790,000	4	3.1	2970	DETACHD	2
885 8TH ST	$949,000	$885,000	3	2	1730	DETACHD	36
17358 BROOKHURST DR	$895,000	$895,000	4	3	3592	DETACHD	2
5224 LOWER DR	$925,000	$925,000	4	3	2571	DETACHD	5
44 TOUCHSTONE	$975,000	$955,000	5	3	2507	DETACHD	25
19345 RIVERWOOD LN	$975,000	$969,000	4	3.1	3383	DETACHD	7
6040 LAKEVIEW BLVD	$1,200,000	$1,123,000	5	3	3701	DETACHD	42
18253 SIENA DR	$1,395,000	$1,200,000	5	4	4375	DETACHD	63
5337 WASHINGTON CT	$1,225,000	$1,225,000	4	3	3789	DETACHD	5
3122 Glenmorrie DR	$1,299,000	$1,225,000	4	3.1	3724	DETACHD	14
17684 STAFFORD RD, Lot 3	$1,499,950	$1,435,000	6	4.1	4407	DETACHD	563
3600 SOUTHSHORE BLVD	$1,650,000	$1,463,845	3	2.1	2117	DETACHD	60
610 4TH ST	$1,650,000	$1,525,000	4	2.1	3394	DETACHD	157
883 8th ST	$1,750,000	$1,675,000	5	4.1	4546	DETACHD	29
936 EVERGREEN RD	$1,995,000	$1,920,000	4	3.1	3772	DETACHD	297
18414 OLD RIVER LNDG	$2,980,000	$2,400,000	4	4.2	7022	DETACHD	95