buying a home in Lake Oswego Archives - Page 10 of 143

February 27, 2021

Let’s Talk Trees

Trees have been the focus of my attention lately. This is because two weeks ago Lake Oswego had a big ice storm and a neighbors unkept trees dropped limbs onto power lines that caused a power outage at my house. It lasted 3 days. Of course this was not uncommon. At one point Portland Gas and Electric had power outages at over 300,000 homes in the metro area. Many were without power for longer than 3 days, so my intention here is not to complain about my personal experience. Instead, it has me thinking about the importance of paying attention to the trees in your yard.

Get them inspected

When buying a home, if the house has large trees in the yard, get them inspected. Most home inspectors only inspect the house itself. They don’t inspect the trees. A good home inspector will make the suggestion that you get the trees inspected, but many don’t. You should not take it for granted that trees are trees and no big deal. In particular, are any of the trees unhealthy? Are any of the trees unstable? Removing a big tree can be expensive. If this is something that can be learned up front, before you buy the house, it is something that can be negotiated as part of the purchase.

Trees need to be maintained

Once you own a home, maintain your trees by hiring an arborist every five years of so to go through your trees and take out dead limbs and prune to maintain health. My husband and I have done this. We have four HUGE fir tress and one HUGE English walnut tree. When we first bought our home I would occassionally sleep downstairs, not in my bedroom, if there was a big wind storm. Then one day while gardening, out of the blue, a big limb came down not too far from where I was standing. There’s a reason that these limbs are called widow makers. They are big and heavy and could really hurt a person. This was my wake up call that it was time to become friends with an arborist.

Since we have had our trees cleaned up, not one big limb has randomly fallen in our yard and no limbs have fallen during wind or ice storms. It is money well spent and gives tremendous peace of mind.

This brings me back to the recent ice storm. How I wish my neighbor was taking better care of his/her trees! Be a good neighbor and be a responsible tree owner.

I hope that you find this information helpful. Feel free to reach out to either Linda or myself if you have any questions about real estate and home ownership.

Dianne

February 18, 2021February 22, 2021

News & Notes ~ Jan 2021 Numbers

Overview/Fluctuations ~ Portland Area Market Data Jan 2021:

The big story in January is that our Inventory increased from .8 to 1.0 months of supply. If you think that’s not much, you’re right! We continue to be at record lows in available homes. Last year in January we had 2.2 months of Inventory, which was low. The previous year (Jan 2019) we had 3.3 months of Inventory. So, the field is still competitive out there which means it is a terrific time to sell a home and if you’re buying, rates are still low hovering around 3.125, so better not to wait!

According to the RMLS Market Action Report for the Portland Metro Area, Jan. 2021:

There were 2,579 New Listings in Jan 2021 decreased 6.4% from Jan of 2020’s 2,754, and increased 48.2% from the previous month/Dec’s 1,740.
At 1,847, Jan 2021’s Closed Sales are up 11.1% from Jan 2020’s 1,663, and down 33.8% from the previous month/Dec 2020’s total of 2,789
At 2,496, Jan 2021’s Pending Sales are up 9.9% from Jan 2020’s 2,271, and also up 24.6% from the previous month/Dec 2020’s total of 2,003.
The Average Sale Price in Jan 2021 of $514,700 is up $51,700 from last year/Jan 2020’s $463,000, and up $700. from the previous month/Dec 2020’s $514,000.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Jan 2021 of $460,000 rose from last year/Jan 2020’s $406,000 by $54,000, and decreased 5,000 from the previous month/Dec 2020’s $455,000

LAKE OSWEGO

The combined areas of Lake Oswego and West Linn for the month of January 2021 reported:

84 Active Listings (Dec 114)
112 New Listings (Dec 73)
121 Pending Sales (Dec 110)
92 Closed Sales (Dec 137)
Average Sale Price for Jan: $812,700 (Dec $845,700)
- 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.
46 Average Days on the Market (Dec 60)

February 17, 2021September 11, 2022

Market Activity ~ Feb 8-14, 2021

This last week we saw 6 properties come onto the market, 15 move to Pending status, and 7 Closed/Sold. There are currently a whopping 47 homes on the market in Lake Oswego.

NEW Feb 8-14, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
3930 LAKE GROVE AVE, #1B	$215,000	2	1	956	CONDO
5091 TUALATA LN	$625,000	3	2	1500	DETACHD
4846 LOWER DR	$812,900	5	3	2655	DETACHD
1255 Bickner ST	$1,235,000	4	2.1	2764	DETACHD
419 7TH ST	$1,350,000	4	2.1	2813	DETACHD
769 4TH ST	$1,965,000	5	3.1	3922	DETACHD

PENDING Feb 8-14, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
4000 CARMAN DR #47	$259,900	2	2	993	CONDO	4
3433 MCNARY PKWY #501	$269,900	2	2.1	1136	CONDO	3
1538 PINE ST	$515,000	3	2	1575	DETACHD	3
578 2ND ST	$539,900	2	2.1	1361	PLNCOMM	6
6210 CHILDS RD	$699,000	3	2	1433	DETACHD	2
5172 GREENSBOROUGH CT	$719,000	4	2.1	2184	DETACHD	86
4580 TRILLIUM WOODS	$739,900	3	2.1	1992	ATTACHD	10
876 SUNNY HILL DR	$850,000	4	2.1	2164	DETACHD	4
2318 HILLSIDE LN	$899,995	5	3.1	3258	DETACHD	8
2574 PALISADES CREST DR	$975,000	5	2.2	4563	DETACHD	22
13204 DEERFIELD CT	$1,050,000	4	2.1	3406	DETACHD	4
5686 LA MESA CT	$1,225,000	4	3.1	3840	DETACHD	1
16364 IVY LN	$1,445,950	5	3.1	4862	DETACHD	282
892 8TH ST	$1,450,000	4	3.1	2872	DETACHD	7
743 6TH ST	$1,915,000	5	3.1	3922	DETACHD	254

SOLD Feb 8-14, 2021

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
47 EAGLE CREST DR #50	$210,000	$208,650	2	1	932	CONDO	37
16 AQUINAS ST	$525,000	$555,000	3	2.1	1720	DETACHD	1
3595 UPPER DR	$629,000	$645,000	3	2	1420	DETACHD	4
4515 OAKRIDGE RD	$685,000	$685,000	3	2.1	1981	ATTACHD	54
1111 C AVE	$1,549,000	$1,500,000	4	3.1	3354	DETACHD	141
1547 GLENMORRIE DR	$1,995,000	$1,910,000	4	3.1	4042	DETACHD	129
4357 SOUTHSHORE BLVD	$2,995,000	$2,600,000	5	5.1	5220	DETACHD	152

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.

February 3, 2021February 8, 2021

Market Activity ~ Jan 25-31, 2021

We logged 4 New Listings, 21 (not bad for a rainy week) moving to Pending status, and 6 Properties Sold/Closed last week. Here’s the breakdown according to RMLS data:

NEW Jan 25-31, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
4580 TRILLIUM WOODS	$739,900	3	2.1	1992	ATTACHD
1920 Park Forest AVE	$1,125,000	3	3	2679	DETACHD
1483 WOODLAND TER	$1,199,999	5	4	3135	DETACHD
1870 TWIN POINTS RD	$2,895,000	4	4.1	4649	DETACHD

PENDING Jan 25-31, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
16250 PACIFIC HWY #50	$284,000	2	2	1305	CONDO	2
16250 PACIFIC HWY #73	$319,000	2	2	1305	CONDO	87
16250 PACIFIC HWY #59	$319,000	2	2	1305	CONDO	9
750 1ST ST, E34	$335,000	2	2	1350	CONDO	3
18667 SW BENFIELD AVE	$485,000	4	2	1414	DETACHD	5
1790 CONIFER DR	$524,900	2	1	1003	DETACHD	13
28 AQUINAS ST	$529,000	3	2	1960	DETACHD	6
17095 WESTVIEW DR	$649,000	4	3	3356	DETACHD	90
4361 SOUTHSHORE BLVD	$819,000	4	3	2441	DETACHD	75
1780 YARMOUTH CIR	$845,000	3	2.1	2307	DETACHD	0
17596 GREEN BLUFF DR	$959,900	4	2.1	3039	DETACHD	75
5900 SUNCREEK DR	$999,000	5	2.1	3942	DETACHD	4
3600 PIPER CT	$1,050,000	5	3.1	4549	DETACHD	4
19125 35TH PL	$1,114,900	4	4.1	5153	DETACHD	257
2120 GLENMORRIE DR	$1,298,000	5	3.1	4293	DETACHD	115
639 CARRERA LN	$1,350,000	4	3.1	4447	DETACHD	16
312 9TH ST	$1,350,000	3	2.1	2686	DETACHD	103
3175 DOUGLAS CIR	$1,425,000	4	3.2	5400	DETACHD	3
13701 KNAUS RD	$1,849,000	5	4.1	5730	DETACHD	2
14080 GOODALL RD	$2,095,000	6	4.2	6005	DETACHD	23
1340 CHERRY LN	$2,145,000	4	4.2	5922	DETACHD	9

SOLD Jan 25-31, 2021

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
5859 KENNYCROFT WAY	$499,900	$511,000	3	1.1	1205	DETACHD	4
1599 OAK ST	$664,900	$655,000	4	2.1	2468	DETACHD	31
4584 TRILLIUM WOODS	$739,900	$715,000	3	2.1	2179	ATTACHD	44
18064 JENIFERS WAY	$930,000	$895,000	5	3	2965	DETACHD	44
6429 Mission CT	$1,165,000	$1,184,000	4	3.1	3182	DETACHD	277
16337 CHAPIN WAY	$2,599,000	$2,270,000	5	4.1	5115	DETACHD	71

January 24, 2021September 11, 2022

News & Notes ~ Dec 2020 Year-End Report

Here is your look at the most recent data for the entire Portland area (Dec2020 + Year-End) and how Lake Oswego fits in to this picture just below.

Overview/Fluctuations ~ Market Data Dec 2020:

Inventory is now at a stunning 0.8 months of supply in the Portland area. So… still lower than its ever been and getting lower, apparently, with Buyers out en force competing over existing Properties for sale. Rates right now are hovering at or a little under 3.0%.

The twelve months of 2019 compared to 2020:

New Listings, (38,442) decreased 5.2%. Pending Sales (32,849) increased 7.9%, and Closed Sales (32,031) increased 7.8%.

By Comparison, Twelve months of 2018 as compared to 2019 from last year’s December report read: New Listings (40,579) decreased 1.7%, Pending Sales (30,430) increased 2.1% and Closed Sales (29,700) decreased 0.2%.

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

There were 1,740 New Listings in Dec 2020 increased 37% from Dec of 2019’s 1,270, and decreased a whopping 22.3% from the previous month/Nov’s 2,238.
At 2,789, Dec 2020’s Closed Sales are up 26% from Dec 2019’s 2,213, and also up 1.6% from the previous month/Nov 2020’s total of 2,745
At 2,003, Dec 2020’s Pending Sales are up 13% from Dec 2019’s 1,772, and dropped 21.7% from the previous month/Nov 2020’s total of 2,557.
The Average Sale Price in Dec 2020 of $514,000 is up $56,300 from last year/Dec2019’s $457,700, and down $7,200 from the previous month/Nov 2020’s $521,200. YTD increase is 7.6%.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Dec 2020 of $455,000 rose from last year/Dec2019’s $405,000 by $50,000, and decreased 2,000 from the previous month/Nov 2020’s $457,000. YTD increase is 7.3%.

LAKE OSWEGO:

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

114 Active Listings (Nov 177) (Dec 2019: 223)
73 New Listings (Nov 104) (Dec 2019: 50)
110 Pending Sales (Nov 106) (Dec 2019: 70)
137 Closed Sales (Nov 166) (Dec 2019: 107)
Average Sale Price for Dec: $845,700 (Nov $822,000) (Dec 2019: $732,400)
- NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month. Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
60 Average Days on the Market (Nov 50)

January 21, 2021September 11, 2022

Market Activity ~ Jan 11-17, 2021

Last week Lake Oswego saw 6 properties enter the market, 19 proceed to Pending status, and 20 Closed/Sold. Right now there are a whopping 64 beautiful properties available in Lake Oswego.

NEW Jan 11-17, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
1790 CONIFER DR	$539,000	2	1	1003	DETACHD
116 MIDDLECREST RD	$1,390,000	4	3	2545	DETACHD
3555 LAKE GROVE AVE	$1,535,000	4	2.1	3433	DETACHD
2230 WEMBLEY PARK RD	$1,785,000	5	4.1	4607	DETACHD
1688 LESLIE LN	$1,898,000	4	4.1	5540	DETACHD
13585 GOODALL RD	$1,900,000	4	3.1	4282	DETACHD

PENDING Jan 11-17, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
45 EAGLE CREST DR #210	$199,000	1	1	780	CONDO	23
47 EAGLE CREST DR #50	$210,000	2	1	932	CONDO	37
4000 CARMAN DR, C49	$315,000	2	1.1	1004	CONDO	5
241 CERVANTES / Upper	$400,000	2	2	1382	CONDO	3
16 AQUINAS ST	$525,000	3	2.1	1720	DETACHD	1
13777 REGENCY CT	$585,000	2	2	2015	DETACHD	24
18975 OLSON AVE	$600,000	6	3	3569	DETACHD	5
1427 GREENTREE CIR	$605,000	3	2	2239	DETACHD	5
4515 OAKRIDGE RD	$685,000	3	2.1	1981	ATTACHD	54
1202 SPRUCE ST	$735,000	2	2.1	1706	DETACHD	84
6 YORICK ST	$799,950	5	3	3116	DETACHD	83
5322 CARMAN GROVE LN	$849,900	3	2.1	2615	DETACHD	65
17160 WALL ST	$850,000	4	3	3246	DETACHD	2
730 8TH ST	$865,000	4	3	2395	DETACHD	4
5775 DOGWOOD DR	$1,679,000	4	3.1	4003	DETACHD	3
13594 GOODALL RD	$1,700,000	4	4.1	3732	DETACHD	320
17313 BLUE HERON RD	$1,968,000	4	3.1	3454	DETACHD	431
1188 CHERRY CIR	$2,198,000	5	6.1	8772	DETACHD	550
13600 GOODALL RD	$2,460,000	6	6.1	6612	DETACHD	206

SOLD Jan 11-17, 2021

Address	Opening Price	Close Price	# Beds	# Baths	Total SF	Prop Type	CDOM
30 OSWEGO SMT, Bldg 4	$198,500	$197,000	1	1	700	CONDO	78
4 TOUCHSTONE #85	$219,000	$197,450	3	2.1	1351	CONDO	47
4000 CARMAN DR #79	$270,000	$257,000	2	2	993	CONDO	53
2061 BONNIEBRAE DR	$405,000	$390,000	3	2.1	1687	ATTACHD	27
16342 KIMBALL ST	$525,000	$498,000	3	1.1	1250	DETACHD	70
1101 HEMLOCK ST	$589,875	$579,900	3	2.1	2213	DETACHD	137
15677 FIELDSTONE DR	$798,950	$650,000	3	2.1	2527	DETACHD	156
18150 BRYANT RD	$590,000	$650,000	3	2	1468	DETACHD	8
314 2ND ST	$740,000	$725,000	3	3.1	1815	CONDO	38
1604 COUNTRY CLUB RD	$800,000	$760,000	4	3.1	3878	DETACHD	34
17970 MEADOWLARK LN	$899,000	$926,250	4	3	3640	DETACHD	1
2349 OAKHURST LN	$935,000	$950,000	4	2.1	3548	DETACHD	8
14144 GOODALL RD	$950,000	$972,000	5	3	3701	DETACHD	157
14521 UPLANDS DR	$1,150,000	$1,150,000	4	3	3520	DETACHD	0
5087 LAKEVIEW BLVD	$1,200,000	$1,200,000	4	3.1	2957	DETACHD	0
488 7TH ST	$1,395,000	$1,395,000	3	2.1	2801	DETACHD	0
17677 WESTVIEW DR	$1,699,000	$1,640,000	5	4.1	5531	DETACHD	115
2510 WEMBLEY PARK RD	$1,895,000	$1,820,000	4	3.1	4868	DETACHD	65
1287 CHERRY LN	$2,595,000	$2,630,000	5	4.1	5312	DETACHD	110
13201 KNAUS RD	$3,500,000	$3,000,000	4	3	3300	DETACHD	0

January 18, 2021

Cool Stuff is Happening at the Library!

I say cool stuff is happening at the library, but in the time of Covid it is happening via zoom and on line. I really have to give a round of applause to the staff at the library because they have come up with some awesome options to keep readers engaged. At a time when we are spending more time at home, and really needing options to keep us busy, these programs are pretty terrific.

Multicultural Children’s Book Day

Watch videos of members of the community reading children’s books in different languages. Get recommendations for books to read that will educate about different cultures. This program honors the similarities and differences that make our community shine. For more information visit www.lakeoswego.city/library/mcbd.

A Bookish Affair

This is a book group that is devoted to romance novels. They read one book per month. To get involved you can email Shannon Dickinson at sdickinson@lakeoswego.city. You can also download the podcast at “A Bookish Affair” from all of the usual places that podcasts are found.

Cook The Books Book Group

This book group is all about food! It meets via zoom on Tuesdays at 4pm. Each week features a new theme. Folks get together to share recipes and talk about food. It’s pretty much a big recipe exchange. You can register at www.lakeoswego.city/library/cook-books-virtual-book-group where you’ll get a meeting link and a password.

LOPL Trivia

Join librarians for a family-friendly virtual game of trivia. Thursdays at 7pm. This sounds like a lot of fun! Registration is required. Go to www.lakeoswego.city/library/remote.

Personalized Reading Recommendations

Fill out a reading profile and librarians will use your answers to create a customized reading list just for you. For adults, go to www.lakeoswego.city/library/webforms/ten-ten-personalized-recommendations. For kids, go to www.lakeoswego.city/kids/you-need-read-weve-got-books. All books are loaned via curbside pickup and are quarantined before being loaned out again.

Lake Oswego Reads

Our library is just such a tremendous resource to our city! With all of this going on, I want to end this post by pointing out the Lake Oswego Reads is happenning right now. Citywide, the community is reading Caste by Isabel Wilkerson. There are many events associated with LO Reads. Find details at www.ci.oswego.or.us/loreads.

Happy Reading!

January 7, 2021September 11, 2022

Market Activity ~ Dec 14, 2020-Jan3, 2021

Welcome to 2021!

Dianne and I hope this finds you well and happy, and that you and yours have been able to enjoy some cozy holiday time.

Now we’re moving into 2021. Our report this week is covering the 3-week period during the holidays. Only 3 properties braved entering the market during that time, and/but 32 properties moved into Pending status, and a whopping 48 Sold/Closed.

Here’s the breakdown for you:

NEW Dec 14, 2020-Jan 3, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
45 EAGLE CREST DR #210	$199,000	1	1	780	CONDO
72 NANSEN SMT	$1,369,000	4	2.1	4485	DETACHD
14080 GOODALL RD	$2,395,000	5	4.2	6005	DETACHD

PENDING Dec 14, 2020-Jan 3, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
45 EAGLE CREST DR #212	$179,000	1	1	780	CONDO	90
7200 SW MONTAUK CIR / Grnd	$219,900	2	1	968	CONDO	3
4606 LOWER DR / Upper	$260,000	2	1.1	1170	CONDO	32
4000 CARMAN DR #79	$270,000	2	2	993	CONDO	53
3812 BOTTICELLI ST	$319,995	3	2	1194	CONDO	41
4047 JEFFERSON PKWY	$330,000	3	2.1	1228	CONDO	1
2061 BONNIEBRAE DR	$397,500	3	2.1	1687	ATTACHD	27
5 SUMMIT RIDGE CT	$415,000	2	2.1	1576	ATTACHD	101
43 ORIOLE LN	$475,000	2	2	1810	DETACHD	78
937 COUNTRY CLUB RD	$478,400	2	1	1650	DETACHD	91
5859 KENNYCROFT WAY	$499,900	3	1.1	1205	DETACHD	4
18964 REDWING WAY	$549,950	3	1.1	1406	DETACHD	24
18150 BRYANT RD	$590,000	3	2	1468	DETACHD	8
4380 DOUGLAS WAY	$599,950	3	2	1364	DETACHD	62
3595 UPPER DR	$629,000	4	2	1725	DETACHD	4
17012 CRESTVIEW DR	$699,000	5	4	2750	DETACHD	4
4584 TRILLIUM WOODS	$724,900	3	2.1	2179	ATTACHD	44
151 C AVE	$775,000	2	2.1	1934	ATTACHD	112
4890 SAGE HEN CIR	$789,900	4	2.1	2832	DETACHD	74
252 GREENWOOD RD	$824,900	5	2	3834	DETACHD	5
5228 LOWER DR	$839,950	3	2.1	2723	DETACHD	101
5590 LUCE LN	$950,000	5	4	3374	DETACHD	6
6 ESSEX CT	$998,000	4	4	4338	DETACHD	42
2591 PALISADES CREST DR	$1,160,000	3	2.1	4916	DETACHD	110
6407 MISSION CT	$1,239,000	4	3.1	3623	DETACHD	1
18460 RAY RIDGE DR	$1,249,000	4	2.1	3769	DETACHD	34
18024 EASTRIDGE LN	$1,289,000	5	3.1	3781	DETACHD	580
1200 LAKE GARDEN CT	$1,295,000	4	3	3347	DETACHD	16
17680 Stafford RD	$1,299,000	5	2.1	3804	DETACHD	185
978 10TH ST	$1,449,000	3	3	2578	DETACHD	25
1111 C AVE	$1,469,000	4	3.1	3354	DETACHD
3509 LANEWOOD ST	$1,800,000	4	4	3830	DETACHD	114

SOLD Dec 14, 2020-Jan 3, 2021

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
44 EAGLE CREST DR #17	$199,900	$185,000	1	1	798	CONDO	16
200 BURNHAM RD #303	$257,000	$242,132	2	1	1200	CONDO	144
20 CERVANTES CIR	$290,000	$260,000	2	1.1	912	CONDO	30
45 EAGLE CREST DR #100	$295,000	$280,000	3	2	1537	CONDO	18
71 CONDOLEA WAY	$425,000	$415,000	3	3	2131	CONDO	88
1402 PARRISH ST	$469,000	$445,000	3	2.1	1863	CONDO	83
13679 JOHNSON TER	$515,000	$514,860	2	1	917	DETACHD	6
14402 SHERBROOK PL	$530,000	$515,000	3	2.1	1976	DETACHD	43
6270 Shakespeare ST	$495,000	$527,000	3	1	1009	DETACHD	3
4362 GALEWOOD ST	$558,000	$543,000	3	2.1	1684	DETACHD	25
69 CONDOLEA TER	$555,000	$549,650	2	2.1	2262	CONDO	100
29 WALKING WOODS DR	$579,900	$579,900	3	2	2311	DETACHD	71
5204 ROSEWOOD ST	$599,000	$621,000	3	2.1	1683	DETACHD	3
621 9TH ST	$649,000	$654,000	2	2	2214	DETACHD	11
14 INDEPENDENCE AVE	$684,900	$660,000	5	3	3296	DETACHD	191
17950 MEADOWLARK LN	$649,000	$675,000	5	3	2727	DETACHD	97
18863 INDIAN SPRINGS RD	$699,900	$700,000	4	3	2001	DETACHD	2
1227 ASH ST	$700,000	$717,000	3	2	2151	DETACHD	4
9 SPINOSA	$725,000	$725,000	2	2.1	2250	DETACHD	29
19 WESTRIDGE DR	$765,000	$745,000	4	2.1	3711	DETACHD	28
2395 GREENTREE RD	$779,900	$750,000	5	2.1	2777	DETACHD	15
5722 SOUTHWOOD DR	$765,000	$776,000	4	2.1	2919	DETACHD	3
619 CLARA CT	$789,000	$789,000	4	2.1	2958	DETACHD	0
2765 GLEN HAVEN RD	$749,900	$790,000	4	2.1	2277	DETACHD	5
5338 ROYAL OAKS DR	$819,000	$800,000	4	2.1	2720	DETACHD	67
20 Nansen Summit	$749,900	$800,000	4	3.1	3768	DETACHD	2
13456 PROVINCIAL HILL WAY	$840,000	$805,000	3	2.1	3071	DETACHD	69
6435 MCDUFF CT	$975,000	$890,000	5	3.1	3424	DETACHD	65
14218 KIMBERLY CIR	$916,500	$899,500	4	2.1	3272	DETACHD	22
5239 MADRONA ST	$885,000	$905,000	3	3	2881	DETACHD	4
49 HILLSHIRE DR	$939,900	$915,000	4	3.1	4268	DETACHD	113
17215 LOWENBERG TER	$995,950	$925,000	4	2.1	2934	DETACHD	89
2934 TOLKIEN LN	$974,800	$985,000	5	3.1	3851	DETACHD	11
1816 PALISADES LAKE CT	$1,200,000	$1,025,000	3	2.1	4598	DETACHD	104
16791 SYLVAN CT	$1,075,000	$1,100,000	5	3.1	4137	DETACHD	1
2148 Summit DR	$1,295,000	$1,157,500	5	2.1	3883	DETACHD	104
13768 KNAUS RD	$1,180,000	$1,200,000	3	2	2480	DETACHD	4
18375 RIVER EDGE LN	$1,185,000	$1,265,000	4	2.1	3512	DETACHD	51
3131 WEMBLEY PARK RD	$1,395,000	$1,325,000	4	3.1	3597	DETACHD	147
18020 MEADOWLARK LN	$1,350,000	$1,345,000	5	4	4217	DETACHD	4
629 5TH ST	$1,475,000	$1,365,000	4	2.1	2985	DETACHD	64
14005 GOODALL RD	$1,800,000	$1,500,000	4	3.1	4809	DETACHD	207
490 G AVE	$1,450,000	$1,507,600	4	3.1	2977	DETACHD	1
16877 CANYON DR	$1,629,900	$1,633,086	4	4	3771	DETACHD	21
16881 CANYON DR	$1,629,900	$1,636,986	4	4	3854	DETACHD	4
527 NORTHSHORE RD	$1,800,000	$1,744,000	3	2	2433	DETACHD	20
1037 LAKE FRONT RD	$2,100,000	$2,100,000	3	3	2700	DETACHD	0
961 TERRACE DR	$2,899,000	$2,460,000	5	4.2	6016	DETACHD	213

December 18, 2020December 18, 2020

Market Activity Dec 7-13, 2020

Last week in Lake Oswego sales remainded strong. 24 houses received offers that were accepted and 18 properties sold with finalized sales. New inventory remained low at just 6 new listings.

See below for RMLS details

New on the Market Dec 7-13, 2020

Address	Type	Price	BR	Baths	Sq Ft
47 Eagle Crest Dr #50	Condo	$210,000	2	1	932
18964 Redwing Way	Detached	$549,950	3	1.5	1406
6126 Frost Ln	Detached	$765,000	5	3	2497
252 Greenwood Rd	Detached	$824,900	5	2	3834
5513 Rachel Ln	Detached	$1,049,000	4	2.5	3335
701 4th St	Detached	$1,499,000	3	2.5	2885

Pending Sales Dec 7-13, 2020

Address	Type	Price	BR	Baths	Sq Ft	CDOM
30 Oswego Summit	Condo	$198,500	1	1	700	78
750 1st St #26	Condo	$350,000	2	2	1350	20
16191 Lake Forest Blvd	Detached	$424,999	3	1	864	4
16342 Kimball St	Detached	$495,000	3	1.5	1250	6
1225 Lee St	Detached	$511,000	3	1.5	1056	1
14150 Goodall Rd	Detached	$525,000	3	2	1745	3
1101 Hemlock SSt	Detached	$574,900	3	2.5	2213	26
4380 Douglas Way	Detached	$599,950	3	2	1364	19
18861 Indian Springs Circle	Detached	$635,000	3	2	1649	2
15677 Fieldstone Dr	Detached	$688,000	3	2.5	2527	156
4984 Bilford Ln	Detached	$725,000	3	2.5	2629	35
2679 Glen Eagles Rd	Detached	$729,900	3	3	2378	6
1771 Campus Way	Detached	$738,000	3	3	3277	3
2765 Glen Haven Rd	Detached	$749,900	4	2.5	2277	5
6123 Frost Ln	Detached	$759,900	4	2.5	2331	21
803 Clara Ct	Detached	$850,000	4	3	2886	3
17970 Meadowlark Ln	Detached	$899,000	4	3	3640	1
18064 Jenifers Way	Detached	$899,900	5	3	2965	44
17596 Green Bluff Dr	Detached	$959,900	4	2.5	3039	26
5055 Lakeview Blvd	Detached	$1,298,000	4	3.5	3607	28
961 Terrace Dr	Detached	$2,495,000	5	4.5+.5	6016	96
1287 Cherry Ln	Detached	$2,595,000	5	4.5	5212	110
2950 Lakeview Blvd	Detached	$2,750,000	4	3.5	4299	190
16649 Maple Circle	Detached	$2,969,000	4	3	2714	113

Closed/Sold Dec 7-13, 2020

Address	Type	List Price	Sold Price	Sq Ft	CDOM
48 Eagle Crest 5E	Condo	$269,000	$249,000	1442	103
16250 Pacific Hwy #77	Condo	$289,900	$259,000	1,327	257
3433 McNary Pkwy #804	Condo	$269,900	$260,000	1136	103
65 Oswego Summit	Condo	$274,900	$260,000	1140	4
4107 Jefferson Pkwy	Condo	$329,000	$325,000	1507	32
5626 Fernbrook Way	Detached	$511,000	$489,000	1250	59
17020 Denny Ct	Detached	$650,000	$525,000	1704	150
17297 Bryant Rd	Detached	$575,000	$550,000	1428	11
13 Walking Woods Dr	Detached	$515,000	$556,000	2130	4
17879 Hillside Dr	Detached	$849,999	$630,000	3149	271
18225 SW 65th Ave	Detached	$799,000	$747,000	2210	37
3125 Alber Sring Ct	Detached	$1,198,000	$1,065	4308	195
16291 Bonaire Ave	Detached	$1,096,660	$1,096	3240	0
6441 Mission Ct	Detached	$1,165,000	$1,165	3201	24
3920 Upper Dr	Detached	$1,595,000	$1,425	3800	$115
15532 Village Dr	Detached	$1,599,000	$1,545	3446	47
4165 Childs Rd	Detached	$1,549,000	$1,549	3310	11
15607 Village Dr	Detached	$2,589,000	$2,200	5407	525

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.

December 13, 2020December 13, 2020

News & Notes ~ Nov 2020 Numbers

Here is your look at the most recent data for the entire Portland area (Nov2020) and how Lake Oswego fits in to this picture just below.

Overview/Fluctuations ~ Market Data Nov 2020:

Inventory is now at 1.0 months of supply here, locally. The lowest it’s ever been. All forecasts are for continued increases in home sales and prices, though more modestly than 2020. Prediction #’s vary among economists. National Association of Realtors (NAR) is predicting a 7.3% increase in sales nationally in 2021. Interest rates are still hovering around 2.875% but are expected to rise, albeit not dramatically. One very interesting item I noted from the NAR information is that nationally, 1 in 6 home purchases is now “multi-generational”. So, how we live is changing in many ways: People are looking for more space to work from home, and generations are moving in together. There is generally more up-sizing than down-sizing going on.

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

There were 2,238 New Listings in Nov 2020 increased 5.7% from Nov of 2019’s 2,118, and decreased a whopping 36.3% from the previous month/Oct’s 3,515.
At 2,745, Nov 2020’s Closed Sales are up 12.4% from Nov 2019’s 2,191, and decreased 13.0% from the previous month/Oct 2020’s total of 3,155
At 2,557, Nov 2020’s Pending Sales are up 12.4% from Nov 2019’s 2,274, and dropped 20.1% from the previous month/Oct 2020’s total of 3,199.
The Average Sale Price in Nov 2020 of $521,200 is up $58,600 from last year/Nov 2019’s $462,600, and is up $4,700 from the previous month/Oct 2020’s $516,500. YTD increase is 7.1%.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Nov 2020 of $457,000 rose from last year/Nov2019’s $415,000 by $42,000, and decreased $3,000 from the previous month/Oct 2020’s $460,000. YTD increase is 6.8%.

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

North Portland: $480,600 6.2% (Oct $450,300) YTD Median: $431,000
NE Portland: $508,700 5.0% (Oct $531,200) YTD Median: $455,000
SE Portland: $478,200 8.1% (Oct $477,300) YTD Median: $409,000
Gresham/Troutdale: $425,200 5.2% (Oct $412,900) YTD Median: $378,000
Milwaukie/Clackamas: $510,700 7.7% (Oct $512,100) YTD Median: $450,000
Oregon City/Canby: $506,300 6.5% (Oct $511,300) YTD Median: $440,500
Lake Oswego/W Linn:$822,000 10.9% (Oct $756,600) YTD Median: $645,000
West Portland: $650,400 5.1% (Oct $685,900) YTD Median: $550,000
NW Wash County: $578,900 6.2% (Oct $595,600) YTD Median: $527,500
Beaverton/Aloha: $449,100 5.2% (Oct $451,200) YTD Median: $417,000
Tigard/Wilsonville: $528,200 9.5% (Oct $516,700) YTD Median: $479,000
Hillsboro/Forest Grove: $444,400 5.6% (Oct $445,600)YTD Median: $410,000

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn for the month of November 2020 reported:
- 177 Active Listings (Oct 213)
- 104 New Listings (Oct 197)
- 106 Pending Sales (Oct 193)
- 166 Closed Sales (Oct 173)
- Average Sale Price for Nov: $822,000 (Oct $756,600)
  - 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.
- 50 Average Days on the Market (Oct 59)