A Guide to Lake Oswego Real Estate and Community
Dianne and Linda

Brought to you by Dianne Gregoire and Linda Rossi, brokers with Oregon First, a professional real estate company licensed with the Oregon Real Estate Agency.

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News & Notes ~ August 2019 Numbers

Here is your look at the most recent data for the entire Portland area (August 2019) and how Lake Oswego fits in to this picture just below.

According to the RMLS Market Action Report for the Portland Metro Area, August, 2019:

  • There were 3,757  New Listings in August 2019 which was down 10.8%  from August of 2018’s 4,214, and  5.3% from the previous month/July’s 3,966.
  • At 2,901 August 2019’s Closed Sales were down slightly at 2.2% lower than August 2018’s 2,967, and  again 1.5% lower than the previous month/July 2019’s total of 2,994 .
  • August 2019’s Pending Sales (accepted offers), at 2,929 were up  6.1% from August of 2018’s 2,760, but down at bit at 2.3% from the previous month/July 2019’s total of  2,998.
  • The Average Sale Price in August 2019 of $462,600 was about the same as last year/August 2018’s $462,400, and was down $3,400 from the previous month/July 2019’s $466,000.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in August 2019 of $417,500 was up from last year/August 2018’s $407,500 by $10,000, and up $5,900 from the previous month/July 2019’s $411,600 .   

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

  • North Portland:  $440,400            1.2%   (July $406,300)
    •                                                     YTD Median: $405,000
  • NE Portland:  $506,200                   1.8%   (July $499,200 )
    •                                                     YTD Median: $430,000
  • SE Portland:  $424,000                   1.7%   (July $424,200)
    •                                                     YTD Median: $375,000
  • Gresham/Troutdale:   $372,500     5.1%   (July $373,200)
    •                                                     YTD Median: $353,000
  • Milwaukie/Clackamas:  $449,000  3.4%   (July $452,500)
    •                                                     YTD Median: $418,000
  • Oregon City/Canby:   $435,800      4.0%   (July $446,600)
    •                                                     YTD Median: $415,000
  • Lake Oswego/West Linn:$685,500 -0.7%  (July $681,000)
    •                                                      YTD Median: $590,000
  • West Portland:    $578,000             -0.7%  (July $587,800)
    •                                                     YTD Median: $520,000
  • NW Wash County:  $535,100         -2.5%   (July $557,800)
    •                                                      YTD Median: $515,000
  • Beaverton/Aloha:     $406,800       5.7%   (July $411,100)
    •                                                     YTD Median: $390,000
  • Tigard/Wilsonville:   $465,200        2.2%   (July $492,600)
    •                                                      YTD Median: $440,000
  • Hillsboro/Forest Grove: $416,000  4.1%   (July $423,300)
    •                                                      YTD Median: $384,900

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of August 2019 reported:

    •  452 Active Listings  (July 451)
    •  199 New Listings     (July 226)
    •  140 Pending Sales   (July 187)
    •  187 Closed Sales      (July 170)
    • Average Sale Price for August: $685,500  (July $681,000)
      • 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.
    •  76 Average Days on the Market   (July 62)

 

Market Activity ~ Sept 2-8, 2019

There’s a bit of a chill in the air (its just a tease…warm weather will be back!) and a total of 279 homes for sale in Lake Oswego right now. Last week 12 New properties entered the market, 20 moved to Pending status, and 13 were “Closed”/Sold.

We continue to see a really nice spectrum of price ranges, and of course this time of year is always the best time for a Buyer in this area. I’d be happy to explain to you the “why’s” of that anytime!

Following is the breakdown for you according to RMLS:

NEW on Mkt (Sept 2-8, 2019)

Address List Price # Beds # Baths Total SF Prop Type
4000 CARMAN DR, D53 $219,000 1 1 836 CONDO
200 CERVANTES / Grnd $229,000 3 1.1 1138 CONDO
4438 THUNDER VISTA LN #4438 $349,900 3 2.1 2040 CONDO
5178 LOWER DR $565,000 3 2 1800 DETACHD
975 SOUTHSHORE BLVD $639,900 3 2.1 2191 DETACHD
7 MOUNTAIN VIEW LN $799,500 5 2.1 3324 DETACHD
2025 WEMBLEY PARK RD $925,000 4 2.1 2700 DETACHD
16495 GLENWOOD CT $1,219,000 5 3.1 4533 DETACHD
17912 KELOK RD $1,250,000 5 3 3218 DETACHD
3250 FIR RIDGE RD $1,349,000 4 3.1 3541 DETACHD
15566 VILLAGE PARK CT $1,398,000 5 3.1 4855 DETACHD
3270 FIR RIDGE RD $1,449,000 4 3.1 3872 DETACHD

PENDING SALES (Sept 2-8, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #56 $189,000 3 1 1024 CONDO 53
3992 CARMAN DR $325,000 2 2.1 1107 CONDO 8
44 TOUCHSTONE $425,000 4 3 2507 DETACHD 23
16494 INVERURIE RD $449,000 3 1 1302 DETACHD 68
21 MOUNTAIN CIR $469,000 3 2 1820 ATTACHD 18
20 NORTHVIEW CT $599,000 3 3.1 2809 ATTACHD 65
4938 MULHOLLAND DR $599,900 3 2.1 2558 ATTACHD 86
18833 INDIAN CREEK AVE $619,900 4 2.1 2301 DETACHD 3
819 BOCA RATAN DR $713,000 4 3 2760 DETACHD 939
5998 FROST LN $749,000 4 2.1 2935 DETACHD 22
4180 CHAPMAN WAY $774,900 4 2.1 2681 DETACHD 12
1505 EASTVIEW CT $799,000 3 3.1 3367 DETACHD 102
5 SCARBOROUGH DR $815,000 4 2.1 3221 DETACHD 26
5705 SOUTHWOOD DR $879,000 4 2.1 3360 DETACHD 7
4613 DOGWOOD DR $1,040,000 5 3.1 4524 DETACHD 125
1525 MAPLE ST $1,050,000 4 3.1 3000 DETACHD 214
18049 SKYLAND CIR $1,080,000 3 3 3717 DETACHD 188
18989 PILKINGTON RD $1,189,950 4 3 3640 DETACHD 418
272 GREENWOOD RD $1,195,000 4 3.1 3218 DETACHD 153
919 WESTPOINT RD $3,899,000 4 4 4858 DETACHD 508

SOLD (Sept 2-8, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
5054 FOOTHILLS DR, E $299,999 $300,000 3 2 1252 CONDO 8
5054 FOOTHILLS DR, C $299,900 $310,000 3 2 1252 CONDO 2
15252 BOONES WAY $485,000 $430,000 3 2 1672 ATTACHD 283
12 CONDOLEA DR / Main $425,000 $430,000 2 2 1312 CONDO 16
15368 WALUGA DR $599,000 $475,000 3 2 1876 DETACHD 420
150 KINGSGATE RD $485,000 $490,000 3 2 1502 DETACHD 20
6419 SW DAWN ST $609,900 $578,000 4 2.1 2016 DETACHD 382
16950 LAKERIDGE DR $659,000 $636,300 4 2.1 2346 DETACHD 9
1816 PALISADES LAKE CT $860,000 $640,000 3 2.1 4598 DETACHD 161
2770 WEMBLEY PARK RD $815,000 $732,500 5 3 3378 DETACHD 112
893 10TH ST $1,295,000 $1,235,000 4 2.1 2719 DETACHD 116
16359 CHAPIN WAY $1,395,000 $1,265,000 4 3.1 4158 DETACHD 59
13366 BRIARWOOD LN $1,325,000 $1,325,000 5 3 3310 DETACHD 56

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.

Convenience

Today I want to talk about convenience. More specifically, the convenience of where Lake Oswego is located.

We are about 10 miles South of downtown Portland, on the West side of the Willamette River. Interstate 5 is along our West boundary. Hwy 217 ends where LO begins. Interstate 205 is about a mile South of our South boundary. What does this mean? Well, it means you can get anywhere in the Portland metro area pretty darn easily. I-5 is the main artery of the entire West coast of the United States. Besides getting you into downtown Portland fairly quickly, it also takes you to Seattle, San Francisco and Los Angeles. 217 takes you to the largest employers in the state. You know, Nike, Intel, those guys. And 205 takes you to the East side of the metro area, including the airport. It’s kinda ideal.

Then there is she convenience of shopping. I’ve made this point before, so I’ll keep it brief. You need to buy something? It’s just minutes away. I’m talking more grocery stores than are really needed (is that possible?), Trader Joe’s, Costco, Home Depot, Bridgeport Village and Washington Square, it’s all super easy and quick to get to.

But what I really want to talk about are the parks. I’m a walker. I love to walk in nature parks. I first started doing this because I was putting in a lot of miles to train for a goal I had set for myself. I was looking for dirt paths that would be easy on my joints. Two parks I am completely in love with are Tryon Creek State Park and the Tualatin River National Wildlife Refuge. Tryon Creek has 8 miles of hiking trails, 3.5 miles of horse trails, 3 miles of biking trails, and a handicapped accessible trail. It meanders around a small stream that is in a revine, so the trails are very up and down (a great workout!) and through a lush forest. The Tualatin River National Wildlife Refuge is through a wetlands that is set aside for the migration of birds. The walk is flat but so majestic. What I love about this place, besides viewing the wildlife (which I see every time I go), is that it is set aside for the exclusive use of people on foot, walking. There are no bikes, no dogs, not even joggers. It’s extremely quiet and serene. Such a refuge to the soul in a world that is so busy and loud. I like to go early in the morning because the birds are just getting going. By mid afternoon they tend to be less evident. Heron, geese, ducks, red-wing blackbirds, nutria, on one occasion, an otter. It’s super enjoyable to see what can be seen, and it’s just a few miles from LO.

It’s all about quality of life!
Dianne

Market Activity Aug 26-Sept 1, 2019

Real estate in Lake Oswego picked up a little last week. Not back to the numbers we saw in May and June, but a bit of an uptake from the last couple of weeks of August. This is probably because school has started and people are back into their routines. We had 20 new listings, 26 pending sales (that’s the uptick), and 18 closed/sold properties.

Following is the breakdown for you according to RMLS:

New on the Market (Aug 26-Sept 1, 2019)

Address Type Price BR Baths Sq Ft
4 Touchstone #69 Condo Auction 3 3 1351
15938 Quarry Dr Condo $309,000 2 1 988
3924 Carman Dr Townhouse $309,000 2 2.5 1140
3992 Carman Dr Condo $325,000 2 2.5 1107
4425 Thunder Vista Ln Condo $325,000 2 2.5 1980
5054 Foothills Dr H Attached $327,000 3 2 1252
102 Greenridge Ct Attached $455,000 3 2.5 2004
206 Greenridge Dr Detached $462,500 3 2 1392
16193 Inverurie Rd Detached $498,000 3 2 1248
1280 Oak Terrace Detached $549,900 3 2 1670
4366 Sunset Dr Detached $559,000 3 2.5 2440
4981 Hampton Ct Detached $619,000 4 2.5 2440
17896 Kelok Rd Detached $874,500 6 6 4093
5705 Southwood Dr Detached $879,000 4 2.5 3360
1405 Country Commons Ln Detached $1,200,000 4 3 4083
18026 Skyland Circle Detached $1,399,000 5 3.5 4134
667 Lake Bay Ct Detached $1,784,900 4 3.5 3616
17852 Upper Cherry Ln Detached $1,795,000 3 3 5299
1251 Forest Meadows Way Detached $2,125,000 4 3.5 5000
3015 Wembley Park Rd Detached $2,469,900 4 4.5 5211

Pending Sales (Aug 26-Sept 1, 2019)

Address Type Price BR Baths Sq Ft CDOM
5225 Jean Rd #403 Condo $279,000 2 2 1200 10
668 McVey Ave #55 Condo $294,900 1 1 636 196
4204 Woodside Circle Townhouse $329,900 2 2 1308 115
16317 Bonaire Ave Detached $349,000 3 1.5 1219 5
5787 Baliene St Detached $389,900 3 1 960 22
23 Mountain Circle Detached $445,000 2 2 1363 141
9 Pericles Detached $449,000 3 2.5 2197 1
17273 Bryant Rd Detached $475,000 3 1.5 1452 37
16722 Lake Forest Blvd Detached $484,900 4 2 1968 85
4281 Chapman Way Detached $539,900 4 3 2038 50
1551 Woodland Terr Detached $549,900 4 2 2712 1479
2415 Glen Haven Rd Detached $560,000 5 3 2614 47
3781 Tempest Dr Detached $599,000 3 2.5 3927 59
8 Walking Woods Dr Detached $599,900 4 3 3105 216
14677 Doris Ave Detached $599,900 5 3 2848 30
22 Juarez St Detached $599,900 4 2.5 3096 88
18225 SW 65th Ave Detached $625,000 5 2.5 2210 39
5587 Bay Creek Dr Detached $639,000 4 2.5 2507 11
13660 Shireva Dr Detached $649,000 4 3 2674 35
30 Westridge Dr Detached $659,900 4 3 3290 27
75 Nansen Summit Detached $675,000 4 3.5 3214 47
877 Cornell St Detached $715,000 3 3 3041 3
1125 Northshore Rd Detached $1,150,000 3 2 1589 49
3540 Red Cedar Way Detached $1,295,000 4 3.5 4023 72
748 6th St Detached $1,425,000 4 4.5 2865 151
1715 Edgecliff Terr Detached $1,675,000 4 4.5 4927 372

Sold/Closed (Aug 26- Sept 1, 2019)

Address Type List Price Sold Price Sq Ft CDOM
200 Burnham Rd #403 Condo $250,000 $250,000 1199 11
3828 Botticelli Condo $279,000 $282,500 1,273 21
17903 Belmore Ave Detached $469,900 $330,000 2016 78
12882 Boones Ferry Rd Condo $379,900 $367,000 1182 98
18365 SW 65th Ave Detached $389,000 $389,000 1032 9
19060 Indian Creek Ave Detached $524,000 $461,500 1566 120
17683 Schalit Way Detached $500,000 $515,000 1463 19
69 Condolea Terr Condo $569,900 $550,000 2157 13
17435 Bonniebrae Dr Detached $739,000 $689,000 3200 106
5536 Kilchurn Ave Detached $749,900 $722,500 2550 11
5327 Carman Grove Ln Detached $949,500 $918,000 3125 99
5680 Childs Rd Detached $1,099,000 $965,000 3430 68
5702 Meadowcreek Ct Detached $1,149,000 $1,089,000 3205 81
3197 Alber Spring Ct Detached $1,489,000 $1,335,000 4852 146
125 Middlecrest Rd Detached $1,429,000 $1,375,000 3242 8
611 Ridgeway Rd Detached $1,650,000 $1,550,000 4463 128
17613 Kelok Rd Detached $2,098,000 $1,971,500 4750 34

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! Sept 2-8, 2019

Twilight on the Farm! Luscher Farm Benefit

Here are my picks for things happening this week!

Mon, Sept 2, 2019– 12:00AM-11:59PM –  Labor Day!!!!!! ~ Stay home! Go to a Lake Oswego Swim Park! Drive to the Coast! Take a Walk! Read a Book! BBQ! (Enjoy ; )

      – THEN: If you would enjoy some amazing music (why wouldn’t you?), visit the Lake Theater & Cafe on State Street for “Music Monday” with the Mel Brown  B3 Organ Group. Doors open at 6:00. Show at 7:00PM   Tickets and Info: CLICK HERE

Tue, Sept 3 2019 –  5:00-9:00PM – First Tuesday Music – Laila Murphy ~ This awe-inspiring flutist and vocalist will provide a delectable evening Broadway showtunes, jazz standards, and classical selections.~ Lake Oswego Public Library   Info:  CLICK HERE  

Wed, Sept 4, 2019 – 5:15-7:15PM – Youth Leadership Council  ~ The Youth Leadership Council is an advisory board made up of 10 high school age teens that live in Lake Oswego and want to serve and engage in their community.~ Main Fire Station- 300 B Ave  –Info:  CLICK HERE     

Thu, Sept 5, 2019 5:00-9:00PM – Film Discussion Group ~ C’mon down to the Lake Theatre for a screening and discussion of “Wild“, Cheryl Strayed’s transformational memoir about loss, healing and self-empowerment. Lake Theatre, 106 N State St  –Info & Registration/Phone#:   CLICK HERE

Fri, Sept 6, 2019 10:00AM-1:00PM In Stitches Quilters ~ This talented group finishes up quilts that have been laying around or are discarded & ready for a new home in return for a donation that benefits the Adult Community Center. Anyone interested in quilting is welcome to join in!  ~ Adult Community Center – Info: CLICK HERE

Sat, Sept 7, 2019 – 5:00 – 9:00PM ~ Twilight on the Farm 2019 ~Support Friends of Luscher Farm at this luscious 3rd-annual dinner with a table menu created by Chef Pascal Chureau of Field and Vine. Enjoy local wines, great food and company, and help a worthy cause! ~ Luscher Farm, 125 Rosemont Rd~    Info : CLICK HERE    Tickets: CLICK HERE

Sun, Sept 8, 2019 – 2:00-4:00PM ~Owning Our Stories and Living Our Truth –  Cheryl Strayed shares her story of inspiration. This talk is to inspire us all to appreciate the life we have lived, honor the lessons we have learned, and empower us to embrace what lies ahead! – Lakeridge High School Auditorium, 1235 Overlook Dr – Info: CLICK HERE  Tickets: CLICK HERE

Market Activity ~ Aug 19-25, 2019

There are a total of 301 homes for sale in Lake Oswego right now. Last week 14 New properties entered the market, 14 moved to Pending status, and 24 were “Closed”/Sold. A really nice spectrum of price ranges… in those coming on the market, going Pending and Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Aug 19-25, 2019)

Address List Price # Beds # Baths Total SF Prop Type
213 Cervantes $234,999 2 1.1 1216 CONDO
317 CERVANTES $240,000 2 2 1209 CONDO
164 OSWEGO SMT $249,000 2 2 1383 CONDO
668 MCVEY AVE #45 $249,000 2 1 852 CONDO
668 MCVEY AVE #74 $298,500 1 1 636 CONDO
32 CONDOLEA DR / Main $359,900 2 2 1420 CONDO
3600 RED CEDAR WAY $585,000 4 2 2058 DETACHD
30 BECKET ST $585,000 3 2 2077 DETACHD
16 ABELARD ST $625,000 5 3 3012 DETACHD
4180 CHAPMAN WAY $774,900 4 2.1 2681 DETACHD
4092 ORCHARD WAY $835,000 4 3.1 3591 DETACHD
555 ATWATER RD $859,000 5 3 4016 DETACHD
13978 WESTCOTT CT $945,000 4 3 3267 DETACHD
16800 LAKERIDGE DR $1,100,009 4 3 2369 DETACHD

PENDING SALES (Aug 19-25, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
45 EAGLE CREST DR #409 $200,000 2 2 1214 CONDO 2
86 KINGSGATE RD #H201 $219,000 2 2 840 CONDO 5
86 KINGSGATE RD #F204 $225,000 2 2 849 CONDO 4
3896 BOTTICELLI ST $271,000 2 1.1 1132 CONDO 99
5054 FOOTHILLS DR, C $299,900 3 2 1252 CONDO 2
16200 PACIFIC HWY #9 $425,000 2 2 1190 CONDO 2
6472 SW DAWN ST $489,900 3 2 1032 DETACHD 1
18052 HOBBIT CT $646,700 4 3.1 3289 DETACHD 126
870 LAKE FOREST DR $747,900 3 2.1 1980 DETACHD 9
2903 LAKEVIEW BLVD $770,000 2 2.1 1951 DETACHD 44
15564 VILLAGE DR $1,098,000 4 2.1 3260 DETACHD 4
18953 PILKINGTON RD $1,147,900 4 3 3420 DETACHD 410
13131 KNAUS RD $1,697,000 6 3.2 5353 DETACHD 6
4011 WESTBAY RD $1,795,000 4 3 4518 DETACHD 159

SOLD (Aug 19-25, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
44 EAGLE CREST DR #41 $194,950 $199,000 2 1 908 CONDO 3
4 TOUCHSTONE #140 $229,000 $225,000 3 2.1 1351 CONDO 11
bb#B23 $265,000 $265,000 2 2 866 CONDO 9
3862 BOTTICELLI ST / Grnd $279,900 $271,300 3 2 1224 CONDO 8
3822 BOTTICELLI ST $289,900 $285,000 3 2 1171 CONDO 10
5835 COLBY CT $419,900 $429,900 3 1.1 1209 DETACHD 8
4960 CENTERWOOD ST $540,000 $540,000 3 2 1663 DETACHD 1
3977 BASS LN $549,000 $590,000 3 2 1953 DETACHD 6
21 GROUSE TER $647,000 $610,000 4 2.1 3108 DETACHD 37
5602 SOUTHWOOD DR $660,000 $695,000 3 2.1 2636 DETACHD 3
949 CUMBERLAND RD $750,000 $725,000 4 2.1 2420 DETACHD 15
19 HIDALGO ST $735,000 $735,000 4 3.1 4747 DETACHD 19
17802 TREE TOP LN $799,900 $800,000 4 3.1 4110 DETACHD 1
2927 TOLKIEN LN $798,000 $805,000 4 2.1 2819 DETACHD 8
12511 SHELBY CT $925,000 $820,000 5 3.1 3641 DETACHD 30
642 3rd ST $879,900 $879,900 3 2.1 2274 CONDO 63
2 GROUSE TER $949,000 $914,460 4 3 4446 DETACHD 77
16586 PHANTOM BLUFF CT $999,000 $995,000 3 2.1 2571 DETACHD 167
5051 LAKEVIEW BLVD $1,199,000 $1,011,350 4 3.1 3506 DETACHD 84
19114 35TH PL $1,095,000 $1,040,000 4 4.1 5447 DETACHD 308
2912 WEMBLEY PARK RD $1,475,000 $1,395,000 4 3.2 4389 DETACHD 155
17763 Kelok RD $1,495,000 $1,438,000 4 4 3840 DETACHD 354
13430 FIELDING RD $2,298,000 $1,900,000 4 3.1 4376 DETACHD 332
1277 CHANDLER RD $1,998,000 $1,995,000 4 3.1 4500 DETACHD 471

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.

Loving Lake Oswego

There’s something about the waning days of summer. It makes me feel like I want to slow down and make it last. Maybe a bit reflective, but in a way that is joyful and appreciative. With that state of mind, I thought I’d share with you my personal list of why I love living in Lake Oswego.

Great schools, it’s why I moved here. Looking back, now that my kids are 30 and 33 years old, it was exactly the right thing to do. They both developed a circle of friends that encourage fun but also had really solid personal good character. Their Dad and I encouraged this at home, but the community has a spirit that helps kids have good influences in their lives, and I think I begins with the good schools.

Safety. I feel really safe living here. If I arrive home after dark, I just feel fine getting out of my car and carrying groceries into the house. I didn’t feel that way in the neighborhood where I used to live.

The flower baskets. They are stunning. Driving around and about in months between Memorial Day and Labor Day is such a pleasure with the amazing flower baskets, landscaped medians and flower beds.

The lake. It’s beautiful and I see it regularly as I show property and go on my daily walks. You don’t have to live on the lake to use it. Many homes have easements, but everyone in the city limits has access to the swim park.

Great restaurants. This didn’t used to be the case about 20 years ago, but man, it is sure the case today. Where to begin? Riccardos, Gubancs, La Provence, Jefe, St Honore, Tillamook Ice Creamery, Nicolettas, Manzanna, Five Spice, there are lots of great choices!

Always a Starbucks nearby. I’ve got 4 within walking distance of my house.

Great walking. I used to run, but these days I’m a walker. Short walks are amazing through the beautiful neighborhoods. One of my regular walks is about 3 miles long and right smack dab in the middle is a panoramic view of the lake. One of my long walks, I’ve done it so many times, is around the lake. From my house it’s a nine mile loop. What I like about it, besides the great views, is that it has so much variety of hills and flat stretches. It’s never boring.

Festival of the Arts in June and the Gallery Without Walls. I love art!

The Lakewood Theater. I love theater!

The community. I moved from SE Portland. I never felt the neighborliness that I feel in LO. I think that’s because it still pretty much a small town. We may be in a huge metro area, but we are our own unique community. I’ve found it to be very welcoming and friendly.

My list is getting long!

I’m going to end with a shout out to the Parks and Rec department (great, fun stuff to do), the LO Library (I use it a lot), and finally, the Willamette River (where I enjoy summer concerts at Foothills Park, put my kayak in at George Roger’s Park, and take more beautiful walks).

That’s my list. I may have moved here for the schools 20 years ago, but I feel like it is a gift that I gave to myself. I love living in Lake Oswego.

As always, thanks for reading.
Dianne

Market Activity Aug 12-18, 2019

What a beautiful summer we are having! School starts in just one week. Time to slow down and really enjoy the fresh, sunny air and the long summer evenings. The best!

The market in Lake Oswego continues to be really balanced with nearly equal numbers of houses coming onto the market as houses that go pending. Last week we had 18 new listings, 19 pending sales, and 21 closed/sold properties.

Following is the breakdown for you according to RMLS:

New on the Market (Aug 12-18, 2019)

Address Type Price BR Baths Sq Ft
25 Oswego Summit condo $180,000 1 1 721
86 Kingsgate Rd H201 condo $219,000 2 2 840
318 Cervantes condo $239,900 3 2 1209
5225 Jean Rd #403 condo $279,000 2 2 1200
13 Erasmus St condo $319,900 2 2.5 1434
22 condolea Dr condo $385,000 2 2 1448
44 Touchstone Detached $425,000 4 3 2507
14401 Sherbrook Pl Attached $455,000 3 2.5 1823
21 Mountain Circle Attached $469,000 3 2 1820
1448 Cedar St Detached $649,000 4 3 2544
358 Lake Bay Ct Detached $735,000 3 2 1460
870 Lake Forest Dr Detached $747,900 3 2.5 1980
5998 Frost Ln Detached $749,000 4 2.5 2935
19319 Dogwood Ct Detached $825,000 4 2.5 3119
5 Scarborough Dr Detached $849,000 4 2.5 3221
3 Dover Way Detached $999,000 5 3.5+.5 4988
2311 Palisades Crest Dr Detached $1,279,000 4 2.5 4903
13131 Knaus Rd Detached $1,697,000 6 3.5+.5 5353

Pending Sales (Aug 12-18, 2019)

Address Type Price BR Baths Sq Ft CDOM
44 Eagle Crest Dr #23 Condo $175,000 1 1 798 38
4 Touchstone #91 Condo $209,900 2 2 993 77
4 Touchstone #140 Condo $229,000 3 2.5 1351 11
93 Oswego Summit Condo $239,000 2 2 1212 20
668 McVey Ave #55 Condo $294,900 1 1 636 186
5292 Firwood Rd Detached $499,000 3 1 1170 10
18391 Wood Thrush St Detached $499,900 3 2 1450 13
15275 Boones Way Attached $529,000 2 2 1320 17
1816 Palisades Lake Ct Detached $685,000 3 2.5 4598 161
1570 Bonniebrae Dr Detached $699,000 5 3 3200 106
14211 Dolph Ct Detached $699,000 3 2 1980 25
676 9th St Detached $799,900 2 1 1982 13
171 5th St Detached $849,000 4 2 2367 87
928 Lake Front Rd Detached $895,000 3 3 2468 6
5051 Lakeview Blvd Detached $1,079,900 4 3.5 3506 84
17990 Ridge Lake Dr Detached $1,299,000 5 3.5 3745 96
17410 Viewpoint Ln Detached $1,299,000 4 4 4810 9
13366 Briarwood Ln Detached $1,325,000 5 3 3310 56
13322 Briarwood Ln Detached $1,650,000 4 4 3921 55

Sold/Closed (Aug 12-18, 2019)

Address Type List Price Sold Price Sq Ft CDOM
45 Eagle Crest Dr #516 Condo $190,000 $197,000 600 36
172 Oswego Summit Condo $254,900 $227,000 1,383 146
750 1st St D22 Condo $269,000 $260,000 1350 28
5225 Jean Rd #404 Condo $365,000 $365,000 1500 3
6024 Fernbrook Circle Detached $475,000 $444,000 1616 50
908 Bickner St Detached $525,000 $460,000 2263 26
2001 Greentree Rd Detached $475,000 $472,500 2288 0
1760 Oak St Detached $519,000 $495,000 1680 9
6059 Seville Ave Detached $500,000 $500,000 2000 0
225 Hidalgo St Detached $574,900 $565,000 2251 7
14333 Sherbrook Pl Detached $588,000 $580,000 1475 8
14664 Rainbow Dr Detached $635,000 $635,000 3122 21
25 El Greco St Detached $685,000 $661,000 3731 26
4920 Mulholland Attached $699,888 $665,000 2498 79
327 Laurel St Detached $749,900 $670,000 2520 105
515 5th St Detached $799,000 $725,000 2295 434
5332 Lower Dr Detached $775,000 $750,000 2632 78
752 Lake Forest Dr Detached $795,000 $800,000 2319 0
17760 Overlook Circle Detached $779,000 $800,000 2357 5
29 Hillshire Dr Detached $1,150,000 $999,000 4690 144

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 ~ July 2019 Numbers

Here is your look at the most recent data for the entire Portland area (July 2019) and how Lake Oswego fits in to this picture just below.

According to the RMLS Market Action Report for the Portland Metro Area, July, 2019:

  • There were 3,966  New Listings in July 2019 which was down 8.0%  from July of 2018’s 4,312, and  7.4% from the previous month/June’s 4,281.
  • At 2,994 July 2019’s Closed Sales were up 7.6% over July 2018’s 2,786, and  increased 6.8% over the previous month/June 2019’s total of 2,756. ***This was the strongest July for Closings since 2015 when the total was 3452.
  • July 2019’s Pending Sales (accepted offers), at 2,998 were down  2.4% from July of 2018’s 3,071, and down 2.8% from the previous month/June 2019’s total of  3,083.
  • The Average Sale Price in July 2019 of $466,000 rose about $11,000 over last year/July 2018’s $455,100, and was down $6,700 from the previous month/June 2019’s $472,700.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in July 2019 of $411,600 was up from last year/July 2018’s $401,600 by $18,400, and down $8,400 from the previous month/June 2019’s $420,000 .   

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

  • North Portland:  $406,300             -0.3%   (June $417,900)
    •                                                     YTD Median: $405,000
  • NE Portland:  $499,200                   1.3%   (June $491,500)
    •                                                     YTD Median: $429,700
  • SE Portland:  $424,200                   2.7%   (June $434,700)
    •                                                     YTD Median: $375,000
  • Gresham/Troutdale:   $373,200     5.5%   (June $374,900)
    •                                                     YTD Median: $353,500
  • Milwaukie/Clackamas:  $452,500  3.9%   (June $484,200)
    •                                                     YTD Median: $417,000
  • Oregon City/Canby:   $446,600      5.1%   (June $460,900)
    •                                                     YTD Median: $415,000
  • Lake Oswego/West Linn:$681,000 0.6%   (June $702,000)
    •                                                      YTD Median: $585,500
  • West Portland:    $587,800             1.5%   (June $611,000)
    •                                                     YTD Median: $524,900
  • NW Wash County:  $557,800         -1.8%   (June $535,000 )
    •                                                      YTD Median: $515,000
  • Beaverton/Aloha:     $411,100       6.3%   (June $411,100)
    •                                                     YTD Median: $390,000
  • Tigard/Wilsonville:   $492,600        2.8%   (June $472,800 )
    •                                                      YTD Median: $440,000
  • Hillsboro/Forest Grove: $423,300  3.5%   (June $433,200)
    •                                                      YTD Median: $380,000

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of July 2019 reported:

    •  451 Active Listings  (June 468)
    •  226 New Listings     (June 230)
    •  187 Pending Sales   (June 170)
    •  170 Closed Sales      (June 166)
    • Average Sale Price for June: $681,000  (May $702,600)
      • 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.
    •  62 Average Days on the Market   (June 79)

 

Market Activity ~ Aug 5-11, 2019

There are a total of 299 homes for sale in Lake Oswego right now. Last week 11 New properties entered the market, 23 moved to Pending status, and 24 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Aug 5-11, 2019)

Address List Price # Beds # Baths Total SF Prop Type
4 TOUCHSTONE #91 $209,900 2 2 993 CONDO
5787 BALEINE ST $389,900 3 1 960 DETACHD
5222 CARMAN DR $565,000 3 2 2543 DETACHD
18225 SW 65TH AVE $625,000 5 2.1 2210 DETACHD
2013 RIDGEWOOD RD $1,099,000 5 3.1 5226 DETACHD
5350 SW DAWN ST $1,100,000 3 3 2420 DETACHD
272 GREENWOOD RD $1,195,000 4 3.1 3218 DETACHD
4687 FIRWOOD RD $1,198,000 3 2.1 2803 DETACHD
18124 PIONEER CT $1,298,000 3 2.1 3201 DETACHD
2445 GLENMORRIE DR $1,385,000 5 5 5168 DETACHD
1715 EDGECLIFF TER $1,675,000 4 4.1 4927 DETACHD

PENDING SALES (Aug 5-11, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY #82 $229,900 1 1 841 CONDO 32
3846 BOTTICELLI ST / Grnd $265,000 2 1.1 1132 CONDO 125
3822 BOTTICELLI ST $289,900 3 2 1171 CONDO 10
5 BLOCH TER $364,900 3 2.1 1972 TOWNHSE 54
19060 INDIAN CREEK AVE $499,999 3 2 1566 DETACHD 120
805 BULLOCK ST $519,900 4 2 2482 DETACHD 44
15368 WALUGA DR $525,000 3 2 1876 DETACHD 420
16860 LAKERIDGE DR $534,000 3 2 1829 DETACHD 2
14674 RAINBOW DR $648,000 4 3 3190 DETACHD 113
1058 HEMLOCK ST $649,900 4 3 2077 DETACHD 110
3220 EDGEMONT RD $689,999 4 3 2124 DETACHD 89
17321 CANYON DR $699,500 5 3.1 4825 DETACHD 5
1286 LARCH ST $724,900 4 2.1 2410 DETACHD 10
13485 STREAMSIDE DR $799,900 4 3 3023 DETACHD 3
4353 SNOWBRUSH CT $819,000 5 3.1 3808 DETACHD 45
642 3rd ST $879,900 3 2.1 2274 CONDO 63
4027 CANAL WOODS CT $1,069,000 4 3.1 4232 DETACHD 118
5702 MEADOWCREEK CT $1,089,000 4 3.1 3205 DETACHD 81
893 10TH ST $1,295,000 4 2.1 2719 DETACHD 116
16359 CHAPIN WAY $1,348,000 4 3.1 4158 DETACHD 59
3919 SOUTHSHORE BLVD $1,425,000 4 3.1 3986 DETACHD 4
19575 35TH CT $2,225,000 5 3 6081 DETACHD 23
13085 SW KNAUS RD $2,300,000 4 2.1 3993 DETACHD 16

SOLD (Aug 5-11, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY #46 $360,000 $325,000 2 2 1305 CONDO 12
1918 BONNIEBRAE DR $400,000 $380,000 4 2 1595 TOWNHSE 18
114 GREENRIDGE CT $420,000 $395,000 2 2 1824 TOWNHSE 60
438 5TH ST $450,000 $440,000 2 1.1 1092 CONDO 16
32 AQUINAS ST $479,990 $479,990 3 2 1518 DETACHD 7
15136 GLEN EAGLES CT $799,999 $550,000 5 3 3150 DETACHD 163
19061 INDIAN SPRINGS RD $569,900 $570,000 4 3 2341 DETACHD 48
17617 SYDNI CT $615,000 $600,000 4 2.1 2651 TOWNHSE 36
8 SIBELIUS CT $595,000 $627,000 4 2.1 2445 DETACHD 4
737 ASH ST $649,990 $640,000 4 2 2428 DETACHD 118
2401 GLEN HAVEN RD $699,900 $652,500 4 3 2942 DETACHD 38
1426 GREENTREE CIR $689,900 $685,000 4 3 3216 DETACHD 14
5492 YORKSHIRE PL $719,900 $690,000 4 2.1 2462 DETACHD 46
5950 HARRINGTON AVE $799,000 $745,000 4 3.1 2816 DETACHD 48
15147 BROOK CT $815,000 $825,000 4 2.1 3221 DETACHD 4
16176 MATTHEW CT $839,900 $837,500 4 2.1 3474 DETACHD 27
2358 SUMMIT DR $880,000 $845,000 3 2.1 2995 DETACHD 14
6044 CLAIRMONT CT $880,000 $847,000 4 2.1 3430 DETACHD 274
917 LAUREL ST $987,000 $850,000 4 3.1 3182 DETACHD 141
35 HIDALGO ST $879,000 $875,000 3 3.1 3926 DETACHD 325
17878 HILLSIDE DR $899,900 $889,000 5 3 3594 DETACHD 40
3623 EENA RD $990,000 $927,000 4 3.1 3429 DETACHD 89
18058 PILKINGTON RD $1,140,000 $1,075,000 3 3 3185 DETACHD 82
841 NORTHSHORE RD $1,398,000 $1,275,000 3 3 2388 DETACHD 189

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.