Here is your look at the latest numbers as released by RMLS for the overall Portland area and how Lake Oswego fits in just below.
Overview/Fluctuations ~ Market Data July 2021: Things typically start to slow a bit in July. We saw a change in the usual pattern last year with activity pushing through the summer months. This year there is still lots of activity, but for two months in a row we see prices in some areas looking like they *may* be showing signs of jockeying into some kind of stabilization. We’ll check again next month.
Inventory rose another .1% in July, so people are perhaps starting to reach the end of their “waiting-to-sell” ropes. We usually see an uptick in the fall after vacations, so again, we’ll take a look at the trend next month to see if there really is a pattern developing. If there is… I can only say it’s a pretty subdued one. Houses are still hard to come by driving higher prices. Rates are around 3.125%.
According to the RMLS Market Action Report for the Portland Metro Area, July 2021:
There were 4,267 New Listings in July 2021 increasing 0.7% over July 2020’s 4,236 and decreasing 0.7% from the previous month/June’s 4,298.
At 3,439, July 2021’s Closed Sales are up 1.4% from July 2020’s 3,391, dropping 1.1% from the previous month/June’s total of 3,477
At 3,534, June 2021’s Pending Sales decreased 8.3% from July 2020’s 3,656, and also dropped 5.1% from the previous month/June’s total of 3,534.
The Average Sale Price in July 2021 of $593,100 is up $90,800 from last year/July2020’s $502,300, and down $4,000. from the previous month/June’s $597,100.
The “Median” Sale Price (the price smack dab in the middle of all sales) in July 2021 of $522,000 rose $77,000 from last year/July 2020’s $445,000, and also increased $1,000 from the previous month/June’s $521,000.
LAKE OSWEGO:
165 Active Listings (June 146)
214 New Listings (June 262)
177 Pending Sales (June202)
184 Closed Sales (June 229)
Average Sale Price for July: $1,020,600 (June $1,018,100)
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.
This last week we saw 10 properties enter the market, 31 move to Pending status (accepted offers) and 26 that Closed/Sold. This is the first time in awhile that I’ve not eliminated any “refreshed” properties from the “New” category…no need for refreshing, I suppose. Right now there are 90- beautiful homes available in Lake Oswego.
NEW Aug 9-15, 2021
Address
List Price
Beds
Baths
SF
Prop Type
210 S STATE ST #9
$535,000
3
2.1
1642
CONDO
17830 SW TUALATA AVE
$595,000
3
2
1373
DETACHD
26 BRIARWOOD RD
$665,000
4
3.1
2554
DETACHD
6666 SW CHILDS RD
$750,000
3
1
2408
DETACHD
16510 MAPLE CIR
$899,000
4
2.1
2295
DETACHD
5923 BAY POINT DR
$925,000
5
3
3187
DETACHD
4224 HAVEN ST
$1,199,950
5
2
2600
DETACHD
14495 PFEIFER DR
$1,299,900
4
3
3944
DETACHD
15012 TWIN FIR RD
$2,395,000
5
3.1
3845
DETACHD
1051 SW FOREST MEADOWS WAY
$4,149,000
6
6.1
5597
DETACHD
PENDING Aug 9-15, 2021
Address
List Price
Beds
Baths
SF
Prop Type
CDOM
4 TOUCHSTONE #62
$204,950
3
2.1
1351
CONDO
46
47 EAGLE CREST DR #41
$230,000
2
1
932
CONDO
14
4 TOUCHSTONE #74
$235,000
3
2.1
1351
CONDO
8
12848 BOONES FERRY RD
$425,000
2
2.1
1182
CONDO
0
12826 Boones Ferry RD
$445,000
2
2.1
1182
CONDO
6
41 ORIOLE LN
$500,000
2
2
1564
DETACHD
10
17 AQUINAS ST
$599,900
3
2
2139
DETACHD
6
4241 COBB WAY
$599,950
3
2
1484
DETACHD
8
18431 INDIAN CREEK DR
$635,000
4
2
1736
DETACHD
17
457 LAUREL ST
$650,000
3
3
2264
DETACHD
14
5795 LANGFORD LN
$659,000
2
2
1687
DETACHD
0
1672 HIGHLAND DR
$699,900
4
2
1867
DETACHD
4
2697 LOOKOUT CT
$720,000
3
2
2219
DETACHD
29
12 MORNINGVIEW LN
$730,000
3
2.1
2718
ATTACHD
4
16904 CHERRY CREST AVE
$759,000
3
2
2167
DETACHD
2
5466 BAY CREEK DR
$789,000
3
3
2535
DETACHD
4
1580 WOODLAND TER
$835,000
3
2.1
2430
DETACHD
4
18360 TUALATA AVE
$845,000
5
2.1
2703
DETACHD
10
14121 REDWOOD CT
$885,000
4
3.1
2827
DETACHD
24
16750 PHANTOM BLUFF CT
$899,000
3
3
2267
DETACHD
2
41 TOUCHSTONE
$920,000
4
3
3090
DETACHD
21
18430 PILKINGTON RD
$1,095,000
4
3
3021
DETACHD
77
5316 CHILDS RD
$1,097,770
6
2.1
3847
DETACHD
318
12730 ADRIAN CT
$1,195,000
4
2.1
3014
DETACHD
24
14360 UPLANDS DR
$1,230,000
4
3.2
2577
DETACHD
16
17467 WESTVIEW DR
$1,275,000
4
3.1
4119
DETACHD
4
2950 GREENTREE RD
$1,495,000
4
3.1
3691
DETACHD
8
2442 PALISADES CREST DR
$1,598,000
4
2.1
3071
DETACHD
4
855 G AVE
$2,000,000
3
2.1
3710
DETACHD
17
1889 HIGHLANDS LOOP
$5,499,000
5
6.1
6832
DETACHD
20
3328 LAKEVIEW BLVD
$6,398,000
4
5.1
6675
DETACHD
18
SOLD AUG 9-15, 2021
Address
Opening
Closed
Beds
Baths
SF
Prop Type
CDOM
39 OSWEGO SMT
$269,000
$280,500
2
2
1212
CONDO
3
4041 JEFFERSON PKWY
$289,000
$300,000
1
1.1
1060
CONDO
4
1367 BONNIEBRAE DR
$399,000
$400,000
2
1.1
1008
ATTACHD
2
1509 BONNIEBRAE DR
$482,900
$507,000
3
2.1
1739
ATTACHD
6
23 FALSTAFF ST
$649,000
$600,000
3
2
1435
DETACHD
38
5051 TUALATA LN
$714,900
$640,000
4
2
1581
DETACHD
37
5880 ROCKWOOD CT
$656,500
$680,000
3
2
1772
DETACHD
2
18811 REAO CT
$639,900
$705,000
3
2.1
1916
DETACHD
7
18426 SANDPIPER WAY
$688,000
$705,000
4
3
1884
DETACHD
5
537 COUNTRY CLUB RD
$849,000
$760,000
3
2
1901
DETACHD
93
13041 THOMA RD
$770,000
$760,000
3
2.1
2418
DETACHD
4
1811 KILKENNY DR
$758,000
$780,000
4
3
3794
DETACHD
0
32 MORNINGVIEW CIR
$750,000
$799,000
3
2.1
2718
DETACHD
7
1672 LAKE FRONT RD
$650,000
$805,000
3
2
1768
DETACHD
5
2440 OVERLOOK DR
$879,900
$825,000
4
3
3850
DETACHD
15
5895 SUNCREEK DR
$749,000
$910,000
4
2
2379
DETACHD
5
17 WESTRIDGE DR
$875,000
$935,000
4
3.2
3533
DETACHD
11
3830 TEMPEST DR
$999,995
$937,000
3
2.1
3099
DETACHD
22
16933 GREENTREE AVE
$874,900
$975,000
4
2.1
2276
DETACHD
28
1931 PARK FOREST CT
$1,025,000
$1,085,000
6
4.1
4107
DETACHD
6
17649 WOODHURST PL
$1,198,000
$1,120,000
5
4.1
5669
DETACHD
103
4440 UPPER DR
$1,899,000
$1,850,000
4
3.1
3583
DETACHD
42
18783 STAFFORD RD
$2,295,000
$1,875,000
5
4.2
5757
DETACHD
147
1978 EGAN WAY
$2,198,000
$2,095,150
4
5.2
6761
DETACHD
64
18098 PILKINGTON RD
$2,199,000
$2,277,000
4
5.1
6680
DETACHD
6
3183 DOUGLAS CIR
$3,450,000
$3,450,000
4
4.1
5595
DETACHD
0
Criteria: (RMLS DATA) 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.
The market in LO is still red hot. A few weeks ago, right around July 4th, it felt like it may have slowed down a tad. Last weeks rush of new listings (20), pending sales (36!), and sold/closed properties (29) has proved that tad of a slow down was just July 4th distractions.
See below for RMLS data.
New Listings Aug 2-8, 2021
Address
Type
Price
BR
Baths
Sq Ft
4 Touchstone #74
Condo
$235,000
3
2.5
1351
3433 McNary Pkwy #302
Condo
$285,000
2
2.5
1208
239 Cervantes
Condo
$399,000
2
2
1208
12848 Boones Ferry Rd
Condo
$425,000
2
2.5
1182
12826 Boones Ferry Rd
Condo
$445,000
2
2.5
1182
1700 Bonniebrae Dr
Attached
$469,698
3
3
1739
41 Oriole Ln
Detached
$500,000
2
2
1564
17830 Tualata Ave
Detached
$595,000
3
2
1373
17 Aquinas St
Detached
$599,900
3
2
2139
19 Da Vinci St
Detached
$650,000
3
2
1874
13366 Auburn Ct
Attached
$750,000
3
2.5
2492
16904 Cherry Crest Ave
Detached
$759,000
3
2
2167
1405 Greentree Circle
Detached
$775,000
4
2.5
2146
48 Spinosa
Detached
$799,900
4
3.5
2848
16750 Phantom Bluff Ct
Detached
$899,000
3
3
2267
5590 Luce Ln
Detached
$995,000
5
4
3530
3001 Southshore Blvd
Detached
$1,298,000
3
2.5
3201
2950 Greentree Rd
Detached
$1,495,000
4
3.5
3691
1051 Forest Meadows Way
Detached
$4,149,000
4
3.5
3691
12790 S Fielding Rd
Detached
$5,600,000
6
7.5
9124
Pending sales Aug 2-8, 2021
Address
Type
Price
BR
Baths
Sq Ft
CDOM
4 Touchstone #62
Condo
$204,950
3
2.5
1351
46
4 Cervantes Circle
Condo
$240,000
2
1.5
912
47
12 Cervantes Circle
Condo
$250,000
2
1.5
912
3
3886 Botticelli St
Condo
$315,000
2
1.5
1132
4
482 S State St 3B
Condo
$374,000
2
1
1659
65
1 Peacock Pl
Detached
$509,000
3
2.5
1336
30
4980 Galen St
Attached
$589,000
2
2.5
1552
28
4241 Cobb Way
Detached
$599,950
3
2
1484
8
1672 Highland Dr
Detached
$699,900
4
2
1867
4
1620 Ash St
Detached
$720,000
3
2
2225
4
12 Morningview Ln
Attached
$730,000
3
2.5
2718
4
49 Da Vinci St
Detached
$739,000
3
2
2351
26
5466 Bay Creek Dr
Detached
$789,000
3
3
2535
4
4 Sherwood Ct
Detached
$795,000
4
2.5
2870
16
1580 Woodland Ter
Detached
$835,000
3
2.5
2430
4
18360 Tualata Ave
Detached
$845,000
5
2.5
2703
2
491 Country Club Rd
Detached
$865,000
4
2
2486
83
14121 Redwood Ter
Detached
$885,000
4
3.5
2827
24
19531 River Run Dr
Detached
$899,900
4
2.5
2440
5
15 El Greco St
Detached
$949,000
4
3
3328
4
1739 Palisades Terrace Dr
Detached
$995,000
4
2.5
3654
11
14071 Sundeleaf Dr
Detached
$999,000
5
3
2624
3
14002 Chelsea Dr
Detached
$1,195,000
4
2.5
3547
32
127230 Adrian Ct
Detached
$1,195,000
4
2.5
3014
24
5428 Royal Oaks Dr
Detached
$1,200,000
6
3.5
4994
7
14360 Uplands Dr
Detached
$1,230,000
4
3.5+.5
2577
5
17467 Westview Dr
Detached
$1,275,000
4
3.5
4119
4
2442 Palisades Crest Dr
Detached
$1,598,000
4
2.5
3071
4
3155 Upper Dr
Detached
$1,599,000
4
3
3297
1
2165 Ridge Pointe Dr
Detached
$1,995,000
5
4
4749
29
4480 Upper Dr
Detached
$2,000,000
4
3.5
3497
0
855 G Ave
Detached
$2,000,000
3
2.5
3710
17
14500 Uplands Dr
Detached
$2,495,000
5
4.5+.5
5544
74
1745 Southshore Blvd
Detached
$3,099,000
4
4.5
5545
128
1889 Highlands Loop
Detached
$5,499,000
5
6.5
6832
20
3328 Lakeview Blvd
Detached
$6,398,000
4
5.5
6675
18
Sold/Closed Aug 2-8, 2021
Address
Type
List Price
Sold Price
Sq Ft
CDOM
44 Eagle Crest Dr #1
Condo
$230,000
$247,000
908
2
45 Eagle Crest Dr #409
Condo
$249,900
$249,900
1,214
5
3882 Botticelli St
Condo
$289,000
$287,000
1224
20
5061 Foothills Dr C
Condo
$335,000
$335,000
991
8
1509 Bonniebrae Dr
Attached
$482,900
$507,000
1739
6
4222 Woodside Circle
Attached
$450,000
$550,000
1578
5
17850 Pilkington Rd
Detached
$750,000
$625,000
3222
79
5051 Tualata Ln
Detached
$714,900
$640,000
1581
37
6545 Childs Rd
Detached
$600,000
$650,000
3134
1
186 D Ave
Attached
$650,000
$675,000
1637
7
6227 Wayzata Ct
Detached
$699,999
$675,000
1,232
7
18426 Sandpiper Way
Detached
$688,000
$705,000
1884
5
3 Spinosa
Detached
$755,000
$750,000
2615
23
16921 Kara Ln
Detached
$750,000
$758,000
2382
5
17802 Hillside Way
Detached
$838,000
$790,000
3026
23
2440 Overlook Dr
Detached
$879,900
$825,000
3850
15
4099 Coltsfoot Ln
Detached
$840,000
$827,000
3169
15
5675 Victoria Ct
Detached
$825,000
$885,000
2563
4
2895 Suncreek Dr
Detached
$749,000
$910,000
2379
5
17 Westridge Dr
Detached
$875,000
$935,000
3533
11
19310 Riverwood Ln
Detached
$999,000
$1,092,000
3192
1
17649 Woodhurst Pl
Detached
$1,198,000
$1,120,000
3192
103
2929 Glen Eagles Rd
Detached
$1,100,000
$1,300,000
2527
4
13700 Knaus Rd
Detached
$1,245,000
$1,310,000
2654
7
915 Cedar St
Detached
$1,550,000
$1,520,000
3219
3
4440 Upper Dr
Detached
$1,899,000
$1,850,000
3583
42
18783 Stafford Rd
Detached
$2,295,000
$1,875,000
147
197 Egan Way
Detached
$2,198,000
$2,095,150
6761
64
3183 Douglas Circle
Detached
$3,450,000
$3,450,000
5595
0
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
Monday, August 9th is Realtor Day at the Street of Dreams. Dianne and I decided to get a jump on everything and visited a day early. I know she wants to do a post on trends, so I won’t share the most fun pictures with you, but here we are as real human Realtors doing the hard investigative work for YOU!
Here is Dianne in very good hands (sorry…couldn’t resist : )
Again… we work hard for you.
Dianne hated this bathroom ; )
AND we’re learning that (as we wipe our brows) we really need to avail ourselves of the help that has become so common in all of our lives. (So bougie…)
Lastly, with all that energy we save by not having to mow our lawns, we can now relax with a few of our best moves on the court.
Seriously, it was a lovely day. Dianne and I get to see a lot of homes obviously, but its always a treat to see the latest trends in layout, materials, fixtures & colors. As I mentioned, Dianne will be covering these trends, so I’ll let her share the meaty stuff, but I will say that it is very worth your while this year. Here is a link to get your ticket! You may visit 10AM-9PM through August 22nd. They’re closed Mondays & Tuesdays. CLICK HERE
There were 11 homes entering the market last week, 19 that moved to Pending status (accepted offers) and 30 that Closed/Sold. Right now there are 109 lovely properties available in Lake Oswego!
Here is the breakdown using RMLS data:
NEW July 26-Aug 1, 2021
List Price
Beds
Baths
SF
Type
47 EAGLE CREST DR #41
$230,000
2
1
932
CONDO
4 TOUCHSTONE #143
$239,000
3
2.1
1351
CONDO
1589 BOCA RATAN DR
$470,000
3
2
1611
ATTACHD
457 LAUREL ST
$650,000
3
3
2264
DETACHD
18431 INDIAN CREEK DR
$660,000
4
2
1736
DETACHD
15964 WHITE OAKS DR
$949,900
4
2.1
3015
DETACHD
13060 SW ELK ROCK RD
$1,178,000
4
3
3681
DETACHD
7 GARIBALDI ST
$1,450,000
4
3.1
6303
DETACHD
14050 GOODALL RD
$2,350,000
5
4.2
6943
DETACHD
2643 SOUTHSHORE BLVD
$3,300,000
3
3.2
4543
DETACHD
1199 FAIRWAY RD
$3,498,000
4
4.2
5527
DETACHD
PENDING July 26-Aug 1, 2021
Address
List Price
Beds
Baths
SF
Type
Days
4 TOUCHSTONE #66
$205,000
3
2.1
1351
CONDO
6
16250 PACIFIC HWY #78
$343,500
2
2
1305
CONDO
35
5058 FOOTHILLS DR, A
$420,000
3
2
1252
CONDO
8
17500 PILKINGTON RD
$460,000
2
1
1050
DETACHD
8
15115 QUARRY RD
$650,000
4
3
2865
DETACHD
19
5101 ROSEWOOD ST
$665,000
3
2.1
1736
DETACHD
4
13198 PETERS RD
$695,000
3
2.1
2630
DETACHD
29
17 MORNINGVIEW CIR
$785,000
3
2.1
2532
DETACHD
6
4987 BILFORD LN
$799,900
3
2.1
2302
DETACHD
5
1520 EASTVIEW CT
$963,000
4
4
3789
DETACHD
4
4750 UPPER DR
$1,100,000
5
3.1
3091
DETACHD
125
17543 LAKE HAVEN DR
$1,185,000
4
2.1
2333
DETACHD
9
427 9TH ST
$1,199,000
5
3.1
3250
DETACHD
12
17190 WALL ST
$1,395,000
5
4.2
6702
DETACHD
131
151 3RD ST #1
$1,499,000
3
2.1
3278
CONDO
37
2167 WEMBLEY PARK RD
$1,750,000
4
3.1
4015
DETACHD
9
2572 GLEN EAGLES PL
$2,195,000
5
4.2
6532
DETACHD
107
1677 LESLIE LN
$2,390,000
4
6.1
7534
DETACHD
147
2945 UPPER DR
$2,500,000
4
4.1
4227
DETACHD
0
SOLD July 26-Aug 1, 2021
Address
Open
Closed
Beds
Baths
SF
Type
42 CERVANTES CIR #4B
$250,000
$261,000
2
1.1
912
CONDO
153 OSWEGO SMT, Lower
$279,990
$269,000
2
2
1677
CONDO
163 OSWEGO SMT, Upper
$285,000
$310,000
2
2
1506
CONDO
16250 PACIFIC HWY #41
$360,000
$350,000
2
2
1380
CONDO
#10
$515,000
$500,000
2
2.1
1743
CONDO
5616 CHILDS RD
$495,000
$536,000
3
1
1232
DETACHD
53 ORIOLE LN
$549,000
$545,000
3
2.1
2072
DETACHD
38 NORTHVIEW CT
$638,900
$618,000
4
4
3125
ATTACHD
1701 ASPEN CT
$663,800
$663,800
3
2
1956
DETACHD
5 BECKET ST
$685,000
$685,000
4
2.1
3654
DETACHD
17 CHURCHILL DOWNS
$649,900
$712,000
4
3
1966
DETACHD
217 HIDALGO ST
$769,900
$737,450
3
2.1
4312
DETACHD
5440 BAY CREEK DR
$775,000
$840,000
3
2.1
2442
DETACHD
9 PREAKNESS CT
$849,900
$875,000
4
3
3750
DETACHD
1692 HIGHLAND DR
$795,000
$905,000
4
3
2162
DETACHD
1874 GLENMORRIE TER
$950,000
$952,000
3
3
3508
DETACHD
1503 PINE ST
$875,000
$959,000
4
3
2842
DETACHD
5681 YORKSHIRE CT
$894,900
$962,500
4
2.1
2985
DETACHD
1704 GLENMORRIE TER
$950,000
$965,000
5
2.1
4292
DETACHD
663 CARRERA LN
$899,000
$1,000,000
3
2
2356
DETACHD
125 FURNACE ST, Upper
$995,000
$1,075,000
2
2.1
1927
CONDO
12723 ADRIAN CT
$1,098,000
$1,098,000
4
3
3190
DETACHD
5933 SUNCREEK DR
$1,250,000
$1,200,000
4
3.2
4027
DETACHD
18635 WESTVIEW DR
$1,150,000
$1,275,000
4
5
5102
DETACHD
19305 HILL TOP RD
$1,375,000
$1,405,000
4
3.1
5116
DETACHD
569 7TH ST
$1,450,000
$1,450,000
4
4
3135
DETACHD
4502 LAMONT WAY
$1,795,000
$1,675,000
4
4
3880
DETACHD
301 IRON MOUNTAIN BLVD
$1,649,000
$1,752,000
4
3.2
3036
DETACHD
2254 KNAUS RD
$4,125,000
$3,900,000
4
5.1
7436
DETACHD
1617 LAKE FRONT RD
$4,500,000
$4,500,000
4
4.1
4610
DETACHD
Criteria: (RMLS DATA) 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.
Here is your look at the latest numbers as released by RMLS for the overall Portland area and how Lake Oswego fits in just below.
Overview/Fluctuations ~ Market Data June 2021:
New Listings and Closings increased in June, and/but Accepted Offers (Pendings) decreased from last year’s June figures as well as last month /May.
Inventory rose a whopping .1% in June (ha ha). We’re still at record (record) lows. While we’re talking records, check out those neighborhood appreciation levels below. Just wow.
My trusted mortgage advisor says rates are down a bit to 3.0%! Fed is indicating that they’ll continue to support the markets as the job picture improves.
According to the RMLS Market Action Report for the Portland Metro Area, June 2021:
There were 4,298 New Listings in June 2021 increased 17.5% over April 2020’s 3,658 and increased 8.2% from the previous month/May’s 3,971.
At 3,477, June 2021’s Closed Sales are up 28.3% from June 2020’s 2,709, and also up 9.2% from the previous month/May’s total of 3,183
At 3,534, June 2021’s Pending Sales decreased 3.3% from June 2020’s 3,654, and also dropped 4.9% from the previous month/May’s total of 3,717.
The Average Sale Price in June 2021 of $597,100 is up $117,400 from last year/June2020’s $479,700, and up $14,900. from the previous month/May’s $582,200.
The “Median” Sale Price (the price smack dab in the middle of all sales) in June 2021 of $521,000 rose $86,000 from last year/June 2020’s $435,000, and also increased $6,000 from the previous month/May’s $515,000.
LAKE OSWEGO
146 Active Listings (May 129)
262 New Listings (May 222)
202 Pending Sales (May223)
229 Closed Sales (May 199)
Average Sale Price for June: $1,018,100 (May $928,300)
NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month. Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
This last week there were 14 properties entering the market, 25 moving to Pending/accepted contract, and 20 that Sold/Closed. here is the latest according to RMLS:
NEW July 12-18, 2021
Address
List Price
# Beds
# Baths
Total SF
Prop Type
29 CRESTFIELD CT / Grnd
$249,900
2
2
989
CONDO
36 CRESTFIELD CT / Upper
$295,000
2
1
921
CONDO
18281 WOOD THRUSH CIR
$715,000
4
2.1
2240
DETACHD
2697 LOOKOUT CT
$720,000
3
2
2219
DETACHD
1430 LARCH ST
$815,000
3
3
2312
DETACHD
4 SHERWOOD CT
$825,000
4
2.1
2870
DETACHD
3065 ROYCE WAY
$835,000
4
2.1
2726
DETACHD
14121 REDWOOD CT
$969,900
4
3.1
2827
DETACHD
1535 PINE ST
$1,100,000
3
2.1
2390
DETACHD
427 9TH ST
$1,199,000
5
3.1
3250
DETACHD
45 NANSEN SMT
$1,250,000
4
4.1
5874
DETACHD
12730 ADRIAN CT
$1,295,000
4
2.1
3014
DETACHD
732 ELLIS AVE
$2,350,000
4
2.1
3482
DETACHD
17475 BLUE HERON RD
$3,995,000
5
5.1
5787
DETACHD
PENDING July 12-18, 2021
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
45 EAGLE CREST DR #49
$249,900
2
2
1214
CONDO
5
163 OSWEGO SMT / Upper
$285,000
2
2
1506
CONDO
2
4041 JEFFERSON PKWY
$289,000
1
1.1
1060
CONDO
4
16250 PACIFIC HWY #41
$360,000
2
2
1380
CONDO
20
6135 SHAKESPEARE ST
$549,900
4
2
1656
DETACHD
21
16501 LAKE FOREST BLVD
$550,000
3
1
1429
DETACHD
28
31 ORIOLE LN
$569,000
3
3
1968
DETACHD
4
17902 TAMARA AVE
$569,900
4
2
2082
DETACHD
4
6545 SW Childs RD
$600,000
6
4
3134
DETACHD
1
23 FALSTAFF ST
$629,000
3
2
1435
DETACHD
38
18811 REAO CT
$639,900
3
2.1
1916
DETACHD
7
6227 WAYZATA CT
$649,999
3
1.1
1232
DETACHD
7
5880 ROCKWOOD CT
$656,500
3
2
1772
DETACHD
2
4 PIMLICO TER
$690,000
3
2
2100
DETACHD
3
9 SPINOSA
$749,000
2
2.1
2250
DETACHD
5
1811 KILKENNY DR
$758,000
4
3
3794
DETACHD
0
17802 HILLSIDE WAY
$779,800
4
2.1
3026
DETACHD
23
759 TIMBERLINE DR
$825,000
4
3
2928
DETACHD
21
16933 GREENTREE AVE
$874,900
4
2.1
2276
DETACHD
28
3333 ROYCE WAY
$949,900
3
2.1
2896
DETACHD
7
18320 DELENKA LN
$995,000
4
2.1
4519
DETACHD
67
17649 WOODHURST PL
$1,198,000
5
4.1
5669
DETACHD
103
4210 VIRGINIA WAY
$1,489,000
4
4.1
3508
DETACHD
58
19395 HILL TOP RD
$1,575,000
5
3.2
4788
DETACHD
4
13700 FIELDING RD
$4,998,000
5
4.2
5802
DETACHD
3
SOLD July 12-18, 2021
Address
Opening
Closed
Beds
Baths
SF
Prop Type
Days
23 CRESTFIELD CT / Grnd
$199,000
$220,000
1
1
689
CONDO
2
4 TOUCHSTONE #123
$215,000
$225,000
3
2.1
1351
CONDO
26
45 EAGLE CREST DR #311
$245,000
$260,000
2
2
1046
CONDO
2
4000 CARMAN DR, E80
$289,000
$289,000
2
2
993
CONDO
28
3892 BOTTICELLI ST / Main
$303,500
$305,000
3
2
1288
CONDO
4
5691 WINDFIELD LOOP
$599,000
$594,000
3
2
1588
DETACHD
6
16775 WESTVIEW DR
$629,000
$693,000
3
2
1806
DETACHD
4
13019 SIERRA CT
$819,000
$805,000
4
2.1
2522
DETACHD
8
19001 BARTON RD
$899,000
$830,000
4
2.1
2194
DETACHD
13
18343 ANDUIN TER
$995,000
$970,000
4
2.1
3000
DETACHD
19
5774 BAY POINT DR
$1,195,000
$1,119,000
5
2.1
3674
DETACHD
25
18711 WESTVIEW DR
$1,195,000
$1,200,000
4
3.1
3592
DETACHD
6
5024 DOGWOOD DR
$1,195,000
$1,358,000
4
3.1
3267
DETACHD
2
4640 DOGWOOD DR
$1,550,000
$1,400,000
4
4
4142
DETACHD
9
560 4TH ST
$1,449,000
$1,450,000
3
4.1
3186
ATTACHD
23
3729 ELEANOR CT
$1,598,000
$1,500,000
4
4.1
4061
DETACHD
9
18031 MEADOWLARK LN
$1,585,000
$1,525,000
4
3.1
3798
DETACHD
5
853 D AVE
$1,950,000
$1,812,500
4
3.1
5137
DETACHD
56
1845 PALISADES TERRACE DR
$3,650,000
$2,990,000
3
2.1
2674
DETACHD
17
1125 MAPLE ST
$3,900,000
$3,650,000
4
3.1
6254
DETACHD
82
Criteria: (RMLS DATA) 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.
Notice the light and assess the windows– Have they been updated? If not, that’s an investment ahead.
Try to ignore the staging and/or personal belongings– You’re potentially buying the house, and not these distracting things. They can, and in the case of staging, are meant to elicit emotional reactions in you. Stay focused on the house.
Ask about the heat source– Different heating/cooling methods can drastically change your experience of the home in both functionality and in cost to you. For instance, if the source is “Electric”, that can be more expensive if it refers to baseboard, and much less expensive if it is a mini-split system. Oil heat has its own challenges, and gas furnaces may or may not be up to the task of heating a home today, especially if its been remodeled and additional SF has been added.
Pay attention to how SF is presented– If a home is 2000SF, and 1000 of that is unfinished basement space, you may want to assess ahead of time if that is a home you want to view.
Lot size & amenitites– You have general ideas of either wanting lots of space and/or privacy, or wanting to be in a friendly “neighborhood” environment with smaller lots closer together. Each home will be different.
Do you have pets? If so, check out fencing and whether it’s adequate. If not, that can be fixed, but its an investment.
Some large lots will be set back and have minimal yard space to enjoy with most of the area in the entrance, say, or perhaps a good percentage of the lot’s SF is on a hill.
Some homes will be high maintenance, ie, if a home has that “falling in love” factor, and it is because of the beautiful gardens surrounding it on all sides….remember that those gardens need care- Are you a gardener? Are you OK with paying someone to maintain those grounds? Just good questions to ask yourself.
Some smaller lots may be set closer to the street with ample backyard space.
You’ll want to note whether the home has covered areas outside which can add more living space for you in the rainy months.
Is the flooring to your liking? – If not that can be fixed, but its an investment. On the other hand, if a home has everything you want, the price is right, and you hate carpet, flooring can likely be changed for much less than you imagine, and often for much less than it will cost you to keep looking and pay for a different home that is priced higher than the actual cost of flooring because it is called “updated” or “remodeled” in the Listing. It’s fairly common to have a flooring contractor lined up to do the flooring work the day after Closing so that your move-in timeline is only slightly affected.
Hate the kitchen counters? See my advice on flooring above.
Keep things in perspective- While many homes will just not fit the bill, in this market, it pays to really assess what is important and what can be changed to your liking with a little investment on your part after Closing. For years now Buyers have not been in the mood to make any changes and have generally been looking for “move-in-ready”. Right now, we are at historic lows in inventory and have been for many months. If you find a home that meets most of your needs and/but could use a tweak here & there, my advice is: Go for it! Consider it an opportunity to make it your own.
Even in the buildup to the Fourth of July we have strong activity. People are often holding off a bit when it comes to Listing during this week in anticipation of people being distracted over the holiday weekend, but we still had 7 Properties enter the market, with 27 Pending/Accepted Offers and 29 Sold/Closed. Right now there are 117 lovely homes available in Lake Oswego.
NEW June 28-July4, 2021
Address
List Price
# Beds
# Baths
Total SF
Prop Type
422 S STATE ST
$324,997
2
1
1659
CONDO
162 OSWEGO SMT #162
$419,950
2
2
1506
CONDO
13198 PETERS RD
$695,000
3
2.1
2630
DETACHD
18571 WAXWING WAY
$810,000
4
2.1
2151
DETACHD
2936 SW ORCHARD HILL PL
$998,000
4
2.1
3419
DETACHD
14002 CHELSEA DR
$1,195,000
4
2.1
3457
DETACHD
2420 PRESTWICK RD
$2,500,000
6
3.1
3723
DETACHD
PENDING June 28 – July 4, 2021
Address
List Price
# Beds
# Baths
SF
Prop Type
DOM
153 OSWEGO SMT / Lower
$269,000
2
2
1677
CONDO
27
39 OSWEGO SMT / Grnd
$269,000
2
2
1212
CONDO
3
4000 CARMAN DR #E80
$289,000
2
2
993
CONDO
28
5061 FOOTHILLS DR, C
$335,000
2
2
991
CONDO
8
210 S STATE ST #10
$515,000
2
2.1
1743
CONDO
7
53 ORIOLE LN
$549,000
3
2.1
2072
DETACHD
17
6135 SHAKESPEARE ST
$549,900
4
2
1656
DETACHD
9
16885 FERNWOOD DR
$639,500
3
2
1624
DETACHD
4
17 CHURCHILL DOWNS
$649,900
4
3
1966
DETACHD
4
4932 MULHOLLAND DR
$698,000
3
2.1
2498
ATTACHD
54
1588 CHERRY LN
$749,900
3
2
2001
DETACHD
3
17071 REBECCA LN
$775,000
3
3
2288
DETACHD
10
605 7TH ST
$775,000
2
1
2035
DETACHD
3
1692 HIGHLAND DR
$795,000
4
3
2162
DETACHD
4
5675 VICTORIA CT
$825,000
3
2.1
2563
DETACHD
4
1874 GLENMORRIE TER
$920,000
3
3
3508
DETACHD
66
17904 CARDINAL PL
$949,000
3
2.1
1840
DETACHD
5
5697 CHARLES CIR
$950,000
4
2.1
3268
DETACHD
4
1704 GLENMORRIE TER
$975,000
5
2.1
4292
DETACHD
4
15136 GLEN EAGLES CT
$1,200,000
4
2.1
2607
DETACHD
4
13700 KNAUS RD
$1,245,000
3
2.1
2654
DETACHD
7
569 7TH ST
$1,450,000
4
4
3135
DETACHD
4
14088 GOODALL RD
$1,625,000
5
3.2
4441
DETACHD
25
301 IRON MOUNTAIN BLVD
$1,649,000
4
3.2
3036
DETACHD
2
4440 UPPER DR
$1,899,000
4
3.1
3583
DETACHD
42
17301 BERGIS FARM DR
$2,199,000
4
3.1
4737
DETACHD
69
1075 CHANDLER RD
$2,699,000
5
4.1
5710
DETACHD
40
SOLD June 28-July 4, 2021
Address
Opening
Closed
# Beds
# Baths
SF
Prop Type
DOM
4 TOUCHSTONE #118
$219,900
$220,000
2
2
984
CONDO
3
4000 CARMAN DR #E68
$255,000
$262,000
1
1
836
CONDO
3
44 EAGLE CREST DR #28
$260,000
$265,000
3
2
1161
CONDO
2
78 GALEN ST / Upper
$299,000
$290,000
2
2
989
CONDO
4
3688 SPRING LN #3D
$350,000
$350,000
2
2
1117
CONDO
3
19 SUMMIT RIDGE CT
$449,000
$449,000
2
2.1
1558
ATTACHD
11
6200 SHAKESPEARE ST
$540,000
$577,000
3
2
1250
DETACHD
2
4771 AUBURN LN
$679,000
$650,000
3
3.1
2183
ATTACHD
32
4396 GALEWOOD ST
$650,000
$680,000
3
2.1
1672
DETACHD
12
1131 OXFORD DR
$675,000
$715,000
4
3
2200
DETACHD
9
16441 BONAIRE AVE
$679,900
$750,000
3
1
1677
DETACHD
5
4097 BUCK BRUSH LN
$749,900
$760,000
3
2.1
2533
DETACHD
5
15481 TANAGER DR
$725,000
$768,175
3
2.1
2153
DETACHD
3
12792 SIERRA VISTA DR
$899,000
$915,000
4
2.1
3343
DETACHD
6
400 LAKE BAY CT
$1,050,000
$1,082,680
3
2.1
1904
DETACHD
3
441 9TH ST
$895,000
$1,100,000
4
2
2408
DETACHD
1
14175 TAYLORS CREST LN
$1,095,000
$1,106,000
4
3
3432
DETACHD
4
1896 PALISADES LAKE CT
$1,199,000
$1,275,000
4
3
3439
DETACHD
4
17436 KELOK RD
$1,595,000
$1,375,000
4
2.1
3054
DETACHD
32
804 2ND ST
$1,550,000
$1,450,000
5
2.1
2945
DETACHD
30
18224 BELLA TERRA DR
$1,575,000
$1,575,000
4
3.1
4050
DETACHD
8
4484 WEST BAY RD
$1,649,000
$1,631,500
5
3.1
4417
DETACHD
6
1175 CHERRY CIR
$1,850,000
$1,850,000
6
5
6300
DETACHD
12
18740 GREEN BLUFF DR
$1,800,000
$1,850,000
4
3
3645
DETACHD
3
7 DOVER WAY
$1,899,999
$1,900,000
5
5.1
7803
DETACHD
3
1099 CHERRY CIR
$1,690,000
$2,110,000
5
3.1
3796
DETACHD
5
13233 AMBER PL
$1,999,000
$2,150,000
4
4
3913
DETACHD
0
2950 WEMBLEY PARK RD
$2,499,000
$2,499,000
5
5.1
6667
DETACHD
3
460 BERGIS RD
$5,495,000
$4,321,455
6
4.1
5114
DETACHD
569
Criteria: (RMLS DATA) 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.
This last week there were a mere 9 Properties added to Lake Oswego Inventory, and 27 that moved to Pending status, while 29 Closed/Sold.
Right now there are 101 Beautiful Homes to choose from in Lake Oswego!
NEW June 14-20, 2021
Address
List Price
# Beds
# Baths
Total SF
Prop Type
14425 HOLLY SPRINGS RD
$770,000
5
3
2238
CONDO
1724 FERN PL
$950,000
3
3
2160
DETACHD
15776 INVERURIE RD
$1,095,000
3
2
2352
DETACHD
13207 DEERFIELD CT
$1,175,000
4
3.1
3801
DETACHD
5933 SUNCREEK DR
$1,250,000
4
3.2
4027
DETACHD
7 NANSEN SMT
$1,499,000
4
4.1
5640
DETACHD
1687 VILLAGE PARK LN
$1,500,000
4
3
3362
DETACHD
16743 SW Pacific Highway
$2,195,000
4
3.1
4340
DETACHD
420 RIDGEWAY RD
$4,250,000
4
4
3505
DETACHD
PENDING June 14-20, 2021
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
4 TOUCHSTONE, #68
$219,000
2
2
984
CONDO
58
4 TOUCHSTONE, #118
$219,900
2
2
984
CONDO
3
4000 CARMAN DR B27
$269,000
2
2
869
CONDO
2
16250 PACIFIC HWY, #48
$345,000
2
2
1305
CONDO
5
5225 JEAN RD, #203
$359,900
3
2
1400
CONDO
7
1 EAGLE CREST DR
$549,000
3
2
1290
DETACHD
4
5691 WINDFIELD LOOP
$599,000
3
2
1588
DETACHD
6
38 NORTHVIEW CT
$638,900
4
4
3125
ATTACHD
324
4124 HARVEY WAY
$649,900
3
2
1410
DETACHD
22
1701 ASPEN CT
$663,800
3
2
1956
DETACHD
5
2604 GLEN HAVEN RD
$729,900
4
2
2104
DETACHD
3
15518 HERITAGE CT
$820,000
4
3.1
2885
DETACHD
4
5760 MERIDIAN CT
$850,000
4
2.1
2504
DETACHD
5
491 COUNTRY CLUB RD
$865,000
4
2
2486
DETACHD
46
441 9TH ST
$895,000
4
2
2408
DETACHD
1
17343 BROOKHURST DR
$949,900
4
2.1
3488
DETACHD
4
5455 LANGFORD LN
$999,900
4
2.1
3398
DETACHD
35
18711 WESTVIEW DR
$1,195,000
4
3.1
3592
DETACHD
6
14511 PFEIFER DR
$1,250,000
4
2.1
3422
DETACHD
6
16200 WALUGA DR
$1,450,000
5
3.1
3375
DETACHD
4
18031 MEADOWLARK LN
$1,525,000
4
3.1
3798
DETACHD
5
4502 LAMONT WAY
$1,695,000
4
4
3880
DETACHD
22
3140 DOUGLAS CIR
$1,799,971
4
3.1
4333
DETACHD
5
3250 UPPER DR
$1,875,000
4
4.1
4058
DETACHD
1
18783 STAFFORD RD
$1,995,000
5
4.2
5757
DETACHD
147
168 PINE VALLEY RD
$1,995,000
5
4.1
4906
DETACHD
7
1475 CHANDLER RD
$3,200,000
5
4.1
4515
DETACHD
0
SOLD June 14-20, 2021
Address
Opening
Closed
# Beds
# Baths
Total SF
Prop Type
CDOM
16200 PACIFIC HWY #21
$419,900
$420,000
2
2
1190
CONDO
5
16200 PACIFIC HWY #4
$490,000
$430,000
2
2
1190
CONDO
68
14392 SHERBROOK PL
$515,000
$558,000
3
2.1
2133
DETACHD
4
3388 EDGEMONT RD
$595,000
$600,000
3
2.1
2019
DETACHD
5
16873 CANYON DR
$648,000
$635,000
3
2.1
1879
DETACHD
0
1865 GREENTREE RD
$699,000
$680,000
4
2
1960
DETACHD
6
13413 AUBURN CT
$689,000
$689,000
4
3.1
2822
ATTACHD
3
1858 SOUTHSHORE BLVD
$650,000
$710,000
4
2
2097
DETACHD
56
16915 GREENTREE AVE
$759,000
$710,000
3
3
2791
DETACHD
7
14 MORNINGVIEW CIR
$689,900
$715,000
4
3.1
2728
DETACHD
19
17380 MARJORIE AVE
$675,000
$750,000
4
2
1810
DETACHD
3
5546 ROYAL OAKS DR
$759,000
$770,000
3
2
1920
DETACHD
23
2911 SW ORCHARD HILL PL
$795,000
$782,000
4
3.1
3740
DETACHD
37
1244 HALLINAN CIR
$775,000
$885,000
4
3
2485
DETACHD
5
4188 COBB WAY
$825,000
$910,000
4
3
2586
DETACHD
5
5747 VICTORIA CT
$810,000
$925,000
4
2.1
2432
DETACHD
2
1982 WEMBLEY PARK RD
$975,000
$925,000
5
4
4561
DETACHD
15
2740 GLEN HAVEN RD
$699,900
$950,000
3
2.1
1612
DETACHD
3
340 8TH ST
$875,000
$954,000
3
2
2146
DETACHD
4
4471 West RD, Lot 4
$1,125,000
$1,200,181
4
3
3885
DETACHD
10
3610 PIPER CT
$1,300,000
$1,225,000
4
3.1
3976
DETACHD
60
5795 DOGWOOD DR
$1,285,000
$1,265,000
4
2.1
3420
DETACHD
4
5800 SEVILLE AVE
$1,299,000
$1,310,000
4
4
3912
DETACHD
12
755 5TH ST
$1,375,000
$1,422,500
4
3.1
3001
DETACHD
4
3933 EDENS EDGE DR
$1,450,000
$1,450,000
4
3.1
4436
DETACHD
35
137 FURNACE ST / Upper
$1,479,000
$1,485,000
3
2
1927
CONDO
3
1640 COUNTRY CMNS
$1,635,000
$1,635,000
4
4.1
5343
DETACHD
0
445 NORTHSHORE RD
$3,198,000
$3,110,000
3
3.1
2908
DETACHD
2
1730 NORTHSHORE RD
$4,295,000
$4,192,500
4
3.1
4173
DETACHD
3
Criteria: (RMLS DATA) 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.
