A Guide to Lake Oswego Real Estate and Community
Dianne,  Linda & Whitney

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

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Market Activity June 26-July 2, 2017

Lake Oswego really does put on a show for the 4th of July. From the annual pancake breakfast to the afternoon parade, the city decks itself out and goes all in. I thought this photo was nicely representative of what the town looks like. This does not even begin to show off the annual fireworks display. Wow! It was amazing this year! LO is a special place, but on the 4th of July it really shines.

And now for the Market Activity Report.

Last week in Lake Oswego there were 20 new listings, 25 properties that went into pending status, and 18 sold/closed sales. I also saw an uptick in “refreshed” listings. This happens when a house sits on the market for a period of time. The property will be taken off the market and then put on again as an entirely new listing. This draws attention to it in property searches so it is very effective, but it is not a new listing. This always happens in the market and over the last few years I’d say that I’ve consistently seen a few each week. But last week there were 9. I see this as another indication that the market is slowing just a tad. It is still a seller’s market, but it’s not as over heated as it was a year ago.

Following is the breakdown for you according to RMLS:

New on the Market (June 26-July 2, 2017)

Address Type Price BR Baths Sq Ft
1220 Pine St Detached $467,500 4 2 2123
668 McVey Ave #31 Condo $484,900 3 1.5 992
5862 Langford Ln Detached $540,000 2 2 1506
19050 Pilkington Rd Detached $569,000 3 3 1992
316 4th St Attached $585,000 2 2.5 1731
1991 Greentree Rd Detached $645,000 4 3 2655
1682 Fircrest Dr Detached $660,000 4 2.5 2304
1161 Sunningdale Rd Detached $699,900 3 2.5 2324
4019 Orchard Dr Detached $759,900 3 2.5 2748
13354 Twin Creek Ln Detached $799,900 5 2.5 3134
1418 Maple St Detached $825,000 3 2.5 2,066
4350 Albert Circle Detached $875,000 5 3.5 3175
17479 Brookhurst Dr Detached $885,000 3 2.5 3551
5501 Rachel Ln Detached $929,800 4 2.5+.5 3509
1627 Village Park Ln Detached $945,000 4 3.5 3203
1055 Country Club Rd Detached $950,000 3 2 2908
3525 Upper Dr Detached $1,299,900 4 3.5 3320
1350 Ridgecrest Dr Detached $1,395,000 5 3 3534
1135 Lake Front Rd Detached $2,350,000 4 3.5 4194
4175 Southshore Blvd Detached $4,999,999 4 4.5 6332

Pending Sales (June 26-July 2, 2017)

Address Type Price BR Baths Sq Ft CDOM
86 Kingsgate Rd A204 Condo $169,500 2 2 849 24
75 Galen St Condo $210,000 2 2 989 4
48 Eagle Crest Dr 1E Condo $229,900 2 2 1370 6
189 Oswego Summit Condo $255,000 2 2 1383 5
5056 Foothills Dr Condo $324,900 3 2 1252 7
1705 Conifer Dr Detached $425,000 3 1.5 1774 65
30 Becket St Detached $489,900 3 2 2077 2
11 Saint Helens Circle Detached $514,000 3 2.5 1904 6
804 4th St Detached $530,000 3 1.5 1396 5
1121 Devon Ln Detached $535,000 5 3 2968 100
14424 Doris Ave Detached $539,000 4 1.5 1700 31
76 Tanglewood Dr Detached $539,500 4 3 2801 14
16005 Inverurie Rd Detached $569,000 4 2 2147 6
5901 Langford Ln Detached $575,000 3 3 1921 6
7 Preakness Ct Detached $580,000 4 2.5 2896 11
5192 Coventry Ct Detached $629,900 4 2.5 2259 9
14377 Camden Ln Detached $679,900 4 2.5 2530 4
17323 Lake Haven Dr Detached $699,000 3 2.5 1864 53
264 D Ave Attached $759,000 3 2.5 2011 56
4871 Centerwood St Detached $765,000 4 3 2640 6
2325 Park Rd Detached $875,000 4 2.5 2405 4
4 Dover Way Detached $970,000 5 2.5 3962 36
731 F Ave Detached $975,000 4 2.5 2668 60
4723 Lamont Way Detached $1,020,000 4 3 3043 47
13961 Knaus Rd Detached $3,000,000 4 4.5+.5 6614 77

Sold/Closed (June 26-July 2, 2017)

Address Type List Price Sold Price Sq Ft CDOM
1666 Boca Ratan Dr Attached $340,000 $355,000 1611 7
15 Britten Ct Attached $395,000 $399,900 1,972 5
1010 Hallinan St Detached $449,900 $455,000 1,225 4
1108 Cedar St Detached $489,900 $475,000 1206 11
5189 Tree St Detached $549,900 $515,000 1470 49
1710 Meadows Dr Detached $545,000 $545,000 1677 4
15655 Twin Fir Rd Detached $575,000 $575,000 2095 0
1004 Cumberland Pl Detached $639,000 $595,000 3313 21
16872 Canyon Dr Detached $689,900 $665,000 4069 30
12844 Sierra Vista Dr Detached $660,000 $667,000 2592 3
18034 Westview Dr Detached $715,000 $688,500 3562 43
654 1st Condo $729,000 $725,000 2140 16
4665 Firwood Rd Detached $969,000 $969,000 2541 2
3151 Alder Spring Ct Detached $999,950 $985,000 3802 29
3938 Edens Edge Dr Detached $1,019,000 $1,005,000 3882 36
18820 Greenbluff Dr Detached $1,485,000 $1,250,000 5570 286
17345 Bergis Farm Dr Detached $1,479,000 $1,469,000 5199 388
1021 Lake Shore Rd Detached $2,398,000 $2,000,000 3487 1191

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.

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