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

Market Activity February 15-22, 2021

I think that the fact that our current real estate market is lacking inventory is pretty well known. There are many more buyers trying to buy homes than there are homes for sale. Preparing this market activity report a first has happened. Last week in Lake Oswego there was just one new listing. In all of the many years that Linda and I have been writing the blotter, I don’t recall that this has happened before. Hopefully it’s just a fluke and in the coming weeks the inventory will start to build up to meet the spring demand. Last week there were also 12 properties that accepted offers and went into pending status, as well as 18 closed/sold houses.

See below for RMLS data explanations

New on the market February 15-22, 2021

AddressTypePriceBRBathsSq Ft
4832 Redwing WayDetached$599,900321472

Pending sales February 15-21, 2021

AddressTypePriceBRBathsSq FtCDOM
100 Kerr Pkwy #5Condo$169,00011617171
3930 Lake Grove Ave 1BCondo$215,0002195811
4320 Botticelli ST #11Attached$309,90022.5+.5226018
16880 Cortez CtDetached$599,9003323133
5091 Tualata LnDetached$625,0003215006
853 E AveDetached$650,000217506
19603 River Run DrDetached$800,00042.526566
15606 Manchester DrDetached$849,90032.526563
1920 Park Forest AveDetached$1,125,00033267919
17884 Kelok RdDetached$1,229,00043.5412419
2230 Wembley Park RdDetached$1,785,00054.5460736
907 Terrace DrDetached$2,875,00064.5+.5+.57296128

Closed/Sold February 15-22, 2021

AddressTypeList PriceSold PriceSq FtCDOM
3872 Botticelli StCondo$289,900$293,0001171124
16250 Pacific Hwy #59Condo$319,000$319,0001,3059
5225 Jean Rd #510Condo$305,000$335,00011005
750 1st St E34Condo$335,000$335,00013503
16250 Pacific Hwy #73Condo$319,000$341,000130587
18667 Benfield AveDetached$485,000$529,00014145
17104 Canal CircleDetached$650,000$625,000141636
1427 Greentree CircleDetached$605,000$650,00022395
17160 Wall StDetached$850,000$888,00032462
2145 Summit DrDetached$1,000,000$1,000,000311148
4146 Chad DrDetached$1,099,900$1,030,0003637143
54 Wilbur StAttached$1,247,000$1,170,000360079
18460 Ray Ridge DrDetached$1,249,000$1,224,000376934
72 Nansen SummitDetached$1,369,000$1,240,00044857
978 10th StDetached$1,495,000$1,400,000257825
3175 Douglas CircleDetached$1,425,000$1,500,00054003
13594 Goodall RdDetached$1,700,000$1,700,00037320
16470 Phantom Bluff CtDetached$2,695,000$2,684,515518811

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

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)

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

AddressList Price# Beds# BathsTotal SFProp Type
3930 LAKE GROVE AVE, #1B$215,00021956CONDO
5091 TUALATA LN$625,000321500DETACHD
4846 LOWER DR$812,900532655DETACHD
1255 Bickner ST$1,235,00042.12764DETACHD
419 7TH ST$1,350,00042.12813DETACHD
769 4TH ST$1,965,00053.13922DETACHD

PENDING Feb 8-14, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
4000 CARMAN DR #47$259,90022993CONDO4
3433 MCNARY PKWY  #501$269,90022.11136CONDO3
1538 PINE ST$515,000321575DETACHD3
578 2ND ST$539,90022.11361PLNCOMM6
6210 CHILDS RD$699,000321433DETACHD2
5172 GREENSBOROUGH CT$719,00042.12184DETACHD86
4580 TRILLIUM WOODS$739,90032.11992ATTACHD10
876 SUNNY HILL DR$850,00042.12164DETACHD4
2318 HILLSIDE LN$899,99553.13258DETACHD8
2574 PALISADES CREST DR$975,00052.24563DETACHD22
13204 DEERFIELD CT$1,050,00042.13406DETACHD4
5686 LA MESA CT$1,225,00043.13840DETACHD1
16364 IVY LN$1,445,95053.14862DETACHD282
892 8TH ST$1,450,00043.12872DETACHD7
743 6TH ST$1,915,00053.13922DETACHD254

SOLD Feb 8-14, 2021

AddressOpening PriceClosed Price# Beds# BathsTotal SFProp TypeCDOM
47 EAGLE CREST DR  #50$210,000$208,65021932CONDO37
16 AQUINAS ST$525,000$555,00032.11720DETACHD1
3595 UPPER DR$629,000$645,000321420DETACHD4
4515 OAKRIDGE RD$685,000$685,00032.11981ATTACHD54
1111 C AVE$1,549,000$1,500,00043.13354DETACHD141
1547 GLENMORRIE DR$1,995,000$1,910,00043.14042DETACHD129
4357 SOUTHSHORE BLVD$2,995,000$2,600,00055.15220DETACHD152

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.

Market Activity February 1-7, 2021

Inventory remains very low with only 7 new listings coming onto the market last week. This in comparison to 17 houses that went pending and 16 closed sales. In my mind, demand is about twice the available inventory. This is leading to multiple offer situations and, in many instances, houses selling for more than the asking price. It’s a fantastic time to put your house on the market!

See below for an explanation of the RMLS data.

New on the Market February 1-7, 2021

AddressTypePriceBRBathsSq Ft
4000 Carman Dr #47Condo$259,90022993
4320 Botticelli St #11Attached$309,90022.5+.52260
12645 Boones Ferry RdDetached$799,950523038
2318 Hillside LnDetached$899,99553.53258
5 Mountain View LnDetached$925,00053.53850
15420 Boones WayAttached$1,345,00032.53364
892 8th StDetached$1,450,00043.52872

Pending sales February 1-7, 2021

AddressTypePriceBRBathsSq FtCDOM
668 McVey Ave #44Condo$219,0001163680
1661 Woodland TerrDetached$729,00032.530822
16570 Inverurie RdDetached$799,000543218174
16715 Ford PLDetached$837,00032.531713
1216 Spruce StDetached$840,00032.52066101
17601 Woodhurst PlDetached$1,125,00042.531794
6485 Mission CtDetached$1,189,00043.5313367
1483 Woodland TerrDetached$1,199,9995431359
2120 Glenmorrie DrDetached$1,298,00043.542930
15444 Boones WayAttached$1,350,00032.534883
16233 Bonaire AveDetached$1,395,0005334601
4160 Lakeview BlvdDetached$1,598,00043.5+.539046
2230 Wembley Park RdDetached$1,785,00054.5460727
13585 Goodall RdDetached$1,900,00043.5428218
1132 Troon RdDetached$2,575,00043.54165101
16470 Phantom Bluff CtDetached$2,695,00044.5518811
1527 Lake Front RdDetached$3,999,00056.57220113

Sold/closed February 1-7, 2021

AddressTypeList PriceSold PriceSq FtCDOM
76 Cervantes CircleCondo$227,000$234,3009124
4000 Carman Dr C49Condo$315,000$325,0001,0045
937 Country Club RdDetached$503,500$427,000165091
456 5th StCondo$450,000$440,00010921
18964 Redwing WayDetached$549,950$580,000140624
4380 Douglas WayDetached$599,950$599,950136462
1771 Campus WayDetached$738,000$738,00032773
151 C AveAttached$775,000$765,0001934112
4890 Sage Hen CircleDetached$799,900$770,000283274
19428 Kokanee CtDetached$769,000$800,00027926
4264 West Bay RdDetached$799,000$800,00013082
5322 Carman Grove LnDetached$899,000$838,000261565
730 8th StDetached$865,000$901,00023954
2591 Palisades Crest DrDetached$1,219,000$1,0854916110
16234 Waluga DrDetached$1,395,000$1,340313086
136000 GoodallDetached$2,590,000$2,3506612206

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.

This Week in Lake Oswego

February is Black History Month and the Lake Oswego Library in particular offers special Virtual Events all month long focusing on Black History and Racial Awareness.
Here are my picks for happenings in Lake Oswego this week:

Mon, Feb 8, 2021- 7:00-8:00PM –  The Origination Points & Role of Race in a Caste System ~ Bill de la Cruz will discuss the role of race in perpetuating a caste system of division. He will talk about the narratives and mindsets of superiority and its effects on socializing stereotypes and perceived inferior groups. Online – More Info & Registration: CLICK HERE

Tue, Feb 9, 2021 –  7:00-8:00PM – Ralph Ellison and Race in America~ John Callahan will explore race in America through author Ralph Ellison’s work – fiction, essays, and letters. Professor Emeritus of Humanities, and Literary Executor to the Ralph Ellison Estate, Callahan earned his BA from the University of Connecticut and his M.A. and PhD from the University of Illinois. Callahan joined the faculty at Lewis & Clark College in Portland, Oregon in 1967 and taught there for 48 years, retiring in 2015. Online –   More Info & Registration:  CLICK HERE  

Wed, Feb 10, 2021 – 7:30-9:00PM (Every Wed)- VIRTUAL Mindfulness Meditation: Pain Management  ~ More Info & Reg:  CLICK HERE     

Thu, Feb 11, 2021 7:00-8:00PM – Racial Hygeine in Nazi Germany~ Professor Maureen Healy of the Department of History at Lewis & Clark College will examine the legal avenues through which the Nazi regime excluded Jews from German society in the 1930s.  Online –   CLICK HERE

Fri , Feb 12, 2021:  10:0AM-12:00PM, Abstract Painting for Adults (Every Fri)  ~ Join in with this virtual class offered every Friday ~ Online- More Info & Registration : CLICK HERE 

Sat , Feb 13 2021:  10:00AM-11:00AM, Introduction to Magic (Ages 7-12) ~ Using simple items found around the house, Professor Dr Schreiber, The Historical Conjurer, teaches you magic at your home!  More Info & Registration: CLICK HERE 

Sun, Feb 14, 2021- 4:00-10:00PM (Every Sunday/18 yrs & over) –  Adult Coed 7v7 Soccer League ~ Help restore 50 acres of treasured natural habitat. Bring a shovel, pruners, gloves and a container of water. -Hazelia Field, 17800 SW Stafford Rd-  More Info & Registration: CLICK HERE

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

AddressList Price# Beds# BathsTotal SFProp Type
4580 TRILLIUM WOODS$739,90032.11992ATTACHD
1920 Park Forest AVE$1,125,000332679DETACHD
1483 WOODLAND TER$1,199,999543135DETACHD
1870 TWIN POINTS RD$2,895,00044.14649DETACHD

PENDING Jan 25-31, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
16250 PACIFIC HWY  #50$284,000221305CONDO2
16250 PACIFIC HWY  #73$319,000221305CONDO87
16250 PACIFIC HWY  #59$319,000221305CONDO9
750 1ST ST,  E34$335,000221350CONDO3
18667 SW BENFIELD AVE$485,000421414DETACHD5
1790 CONIFER DR$524,900211003DETACHD13
28 AQUINAS ST$529,000321960DETACHD6
17095 WESTVIEW DR$649,000433356DETACHD90
4361 SOUTHSHORE BLVD$819,000432441DETACHD75
1780 YARMOUTH CIR$845,00032.12307DETACHD0
17596 GREEN BLUFF DR$959,90042.13039DETACHD75
5900 SUNCREEK DR$999,00052.13942DETACHD4
3600 PIPER CT$1,050,00053.14549DETACHD4
19125 35TH PL$1,114,90044.15153DETACHD257
2120 GLENMORRIE DR$1,298,00053.14293DETACHD115
639 CARRERA LN$1,350,00043.14447DETACHD16
312 9TH ST$1,350,00032.12686DETACHD103
3175 DOUGLAS CIR$1,425,00043.25400DETACHD3
13701 KNAUS RD$1,849,00054.15730DETACHD2
14080 GOODALL RD$2,095,00064.26005DETACHD23
1340 CHERRY LN$2,145,00044.25922DETACHD9

SOLD Jan 25-31, 2021

AddressOpening PriceClosed Price# Beds# BathsTotal SFProp TypeCDOM
5859 KENNYCROFT WAY$499,900$511,00031.11205DETACHD4
1599 OAK ST$664,900$655,00042.12468DETACHD31
4584 TRILLIUM WOODS$739,900$715,00032.12179ATTACHD44
18064 JENIFERS WAY$930,000$895,000532965DETACHD44
6429 Mission CT$1,165,000$1,184,00043.13182DETACHD277
16337 CHAPIN WAY$2,599,000$2,270,00054.15115DETACHD71

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.

Lake Oswego Reads: Caste

This February is the 15th annual Lake Oswego Reads and the selected book is Caste by Isabel Wilkerson. This event invites the entire town to read the same book and then come together with special events to commemorate the subject and the author. Of course, this year due to covid, there’s a lot of adaptation to keep everyone safe and healthy.

A top 10 New York Times best seller, the book compares caste systems throughout global history. It examines how social customs and legislation combine to keep segments of society oppressed in order for other segments of society to prevail and to profit. The message is both profound and important.

Special events include a trivia night, a history lesson about 450 years of Black history in Oregon, a discussion of the role of race in the castes system, a discussion about curriculum reform in the Lake Oswego School District, a virtual art show featuring 17 local artists’ interpretation of the book, and much, much more.

For a full list of Lake Oswego Reading events click here.

Enjoy the book and keep on reading!

Dianne

Market Activity Jan 18-24, 2021

The real estate market is really heating up. Buyers are out in hordes wanting to take advantage of the lowest interest rates in decades. They have gotten themselves pre-approved and are ready to go. The issue is, inventory is incredibly low. For every property that comes on the market, there are half a dozen buyers ready to buy. The result? Houses are selling fast, often with multiple offers. It is very much a sellers market. With multiple offers houses are frequently selling at or over the list price. So yes, this late winter and spring market truly is an amazing time to sell your house.

In Lake Oswego last week we had 6 properties come onto the market, 12 move into pending status with an accepted offer, and 16 closed sales.

See below for RMLS data and an explanation of this chart.

New on the Market Jan 18-24, 2021

AddressTypePriceBRBathsSq Ft
16250 Pacific Hwy #59Condo$319,000221305
2574 Palisades Crest DrDetached$975,00042.5+.54563
17311 Canyon DrDetached$1,099,500635376
667 Lake Bay CtDetached$1,899,90043.53616
1340 Cherry LnDetached$2,145,00044.5+.55922
16470 Phantom Bluff CtDetached$2,695,00044.55188

Pending sales Jan 18-24, 2021

AddressTypePriceBRBathsSq FtCDOM
5225 Jean Rd #510Condo$305,0002211005
456 5th StCondo$450,00021.510921
1238 Laurel StDetached$524,9003214852
1920 Southshore BlvdDetached$569,9003213138
6126 Frost LnDetached$749,0005324979
4264 West Bay RdDetached$799,0003213082
4850 Lower DrDetached$825,00043270011
2145 Summit DrDetached$1,000,00042.5+.5311148
975 Schukart LnDetached$1,198,00042.54449350
16234 Waluga DrDetached$1,349,00053.5313086
701 4th StDetached$1,450,00032.5278643
3735 Upper DrDetached$2,000,000444056137

Closed/Sold Jan 18-24, 2021

AddressTypeList PriceSold PriceSq FtCDOM
42 Cervantes CircleCondo$189,000$185,0009124
7200 Montauk CircleCondo$219,900$228,0009683
47 Eagle Crest Dr #62Condo$249,000$233,000102677
668 McVey Ave #85Condo$274,900$290,0009924
4047 Jefferson PkwyCondo$330,000$346,00012281
27 Bloch TerrAttached$425,000$442,00019723
15012 Twin Fir RdDetached$599,900$610,0003372
18861 Indian Springs CircleDetached$635,000$645,00016492
17012 Crestview DrDetached$699,000$699,00027504
5228 Lower DrDetached$850,000$839,9502723101
802 Clara CtDetached$850,000$875,00028863
3000 Brookside RdDetached$999,950$950,000160050
6 Essex CtDetached$998,000$998,000433842
5055 Lakeview BlvdDetached$1,298,000$1,245,000360728
1200 Lake Garden CtDetached$1,400,000$1,400,000334716
3509 Lanewood StDetached$1,799,000$1,790,9003830114

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.

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)