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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Market Activity March 26-April 1, 2018

As you know, Linda and I share the task of writing our Market Activity Report and I do one every other week. I find it very important as it has me reflecting on trends and allows me to really have a reading of the changes in the market. What I noticed this week is twofold. First, condos are hot. They are selling like crazy. This is probably because they tend to be less expensive and the words less expensive are hard to come by these days. Second, the surge in inventory that typically happens as we get into spring hasn’t happened yet. The volume of new listings this past week was nearly identical to what it was two weeks ago. At the same time, pending sales seem to be ticking up. This is a formula for increasing prices. It’s a great time to sell a house in Lake Oswego!

Last week in Lake Oswego we had 15 homes enter the market, 26 moving into pending status, and 17 sold/closed properties.

Following is the breakdown for you according to RMLS:

New on the Market (March 26-April 1, 2018)

Address Type Price BR Baths Sq Ft
52 Oswego Summit Condo $204,900 1 1 705
4391 Upper Dr Detached $549,000 4 2.5 1740
5835 Ridgetop Ct Detached $675,000 4 2.5 2375
58 Aquinas St Detached $699,900 5 33 3721
12777 Sierra Vista Dr Detached $714,000 4 2.5 3144
17606 Woodhurst Pl Detached $789,900 5 3.5 4707
17941 Meadowlark Ln Detached $849,000 4 3.5 3905
2420 Palisades Crest Dr Detached $929,000 5 2.5 3471
15545 Village Park Ct Detached $935,000 4 2.5 2745
5566 Luce Ln Detached $990,000 5 3 3088
13613 Provincial Hill Way Detached $1,075,000 5 3.5 4327
17224 Greentree Ave Detached $1,279,900 4 4 3545
4146 Lakeview Blvd Detached $1,500,000 4 3.5 3279
1655 Leslie Ln Detached $1,725,000 4 3.5 4805
1955 Highlands Loop Detached $1,995,000 4 4.5 4012

Pending Sales (March 26-April 1, 2018)

Address Type Price BR Baths Sq Ft CDOM
32 Oswego Summit Condo $169,900 1 1 752 176
4647 Lakeview Blvd D-1 Condo $179,000 1 1 753 171
199 Oswego Summit Condo $194,000 2 2 1506 41
45 Eagle Crest Dr #510 Condo $246,900 1 1 830 32
4053 Jefferson Pkwy Condo $275,000 2 2.5 1462 37
5061 Foothills Dr A Condo $309,500 2 2 991 140
6 Britten Ct Attached $374,900 2 1.5 1317 46
6243 SW Dawn Ct Detached $429,900 3 1.5 1254 5
5861 Benfield Ct Detached $449,000 4 2 1557 34
1760 Oak St Detached $459,900 5 2 1680 1
17323 Ashley Ct Attached $525,000 4 2.5 2117 137
8 Sherwood Ct Detached $529,900 3 3.5 3212 93
1660 Woodland Terr Detached $538,400 4 3 2728 42
3827 Bass Ln Detached $589,000 4 2.5 2302 25
13758 Regency Ct Detached $615,000 3 2.5 1986 155
2220 Hillside Dr Detached $625,000 3 2.5 2201 3
17915 Ridge Lake Dr Detached $650,000 4 3.5 3304 394
343 3rd St Detached $685,000 3 3.5 2044 5
16731 Alder Circle Detached $699,000 3 2.5 2301 7
5585 Kilchurn Ave Detached $724,900 5 2.5 2929 2
706 2nd St Detached $1,159,900 4 2.5 2737 173
13587 Meadowcreek Ln Detached $1,195,000 4 2.5 3200 178
505 Iron Mountain Blvd Detached $1,245,000 5 4 3015 462
1925 Childs Rd Detached $1,290,000 5 4.5 5207 125
3914 Edens Edge Dr Detached $1,548,000 5 5.5+.5 6635 11
4262 Upper Dr Detached $1,590,000 4 3.5 4096 38

Sold/Closed (March 26-April 1, 2018)

Address Type List Price Sold Price Sq Ft CDOM
58 Galen St Condo $164,000 $159,000 689 18
4 Touchstone #130 Condo $215,000 $200,000 984 19
86 Oswego Summit Condo $225,000 $225,000 1,140 2
200 Burnham Rd #208 Condo $279,000 $227,500 1320 195
16250 Pacific Hwy #60 Condo $249,900 $239,900 1305 34
18440 Sandpiper Circle Detached $350,000 $325,000 1447 28
16538 Carnegie Ave Detached $389,900 $375,000 1182 267
6030 Shakespeare St Detached $429,900 $432,000 1056 337
40 Nova Ct Detached $519,900 $513,000 2308 15
14595 Sherbrook Pl Detached $569,500 $530,000 2028 78
1895 Greentree Rd Detached $580,000 $540,000 2861 139
16 El Greco St Detached $639,000 $639,000 2826 3
3665 Olson Ct Detached $695,000 $660,000 2517 82
4729 Lakeview Blvd Detached $679,000 $665,000 2551 75
16034 Inverurie Rd Detached $839,900 $865,300 3305 18
1130 Oak Terrace Detached $949,000 $922,500 3729 0
14128 Goodall Rd Detached $1,090,000 $1,083,000 2960 2

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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