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 July 15-21, 2019

Based upon the market activity in Lake Oswego last week, I consider the current real estate market to be extremely balanced: favoring both buyers and sellers. The numbers are very even with 22 new listings, 23 pending sales, and 21 closed sales. In other words, houses are coming onto the market at the same rate that they are selling. That’s about as balanced as it can get.

Special congratulations to the folks selling 1515 Cherry Lane. I don’t know the specifics, but after 1063 days on the market it is now in escrow. Good news!

Following is the breakdown for you according to RMLS:

New on the Market (July 15-21, 2019)

Address Type Price BR Baths Sq Ft
47 Eagle Crest Dr #56 Condo $205,000 3 1 1024
4000 Carman Dr B23 Condo $265,000 2 2 866
16524 Roosevelt Ave Detached $424,900 3 1 1131
12 Condolea Dr Condo $425,000 2 2 1312
6315 Dawn St Detached $499,900 4 2 1934
69 Condolea Terrace Condo $569,900 2 2.5 2157
16950 Lakeridge Dr Detached $659,000 4 2.5 2346
4097 Buck Brush Ln Detached $700,000 3 2.5 2533
14211 Dolph Ct Detached $725,000 3 2 1980
5536 Kilchurn Ave Detached $749,900 5 2.5 2550
2927 Tolkien Ln Detached $798,000 4 2.5 2819
615 Lake Bay Ct Detached $999,999 3 3 2555
1590 Country Club Rd Detached $1,099,000 4 3.5 3578
15488 Village Dr Detached $1,180,000 4 4 4143
17979 Kelok Rd Detached $1,239,000 2 2.5 2487
5014 Upper Dr Detached $1,275,000 4 3 3416
4840 Lamont Way Detached $1,475,000 5 3.5 3277
16895 Chapin Way Detached $1,575,000 4 3.5+.5 5182
19575 35th Ct Detached $2,225,000 5 3 6081
17675 Cardinal Dr Detached $2,475,000 4 3 3458
1188 Cherry Circle Detached $2,695,000 5 6.5 8772
4321 Southshore Blvd Detached $4,195,000 5 4.5 6731

Pending Sales (July 15-21, 2019)

Address Type Price BR Baths Sq Ft CDOM
4000 Carman Dr D53 Condo $169,023 1 1 836 43
66 Cervantes Circle Condo $199,900 2 1.5 912 207
172 Oswego Summit Condo $229,900 2 2 1383 146
5225 Jean Rd #514 Condo $271,500 2 2 1100 2
750 1st St #26 Condo $297,000 2 2 1350 11
17903 Belmore Ave Detached $359,900 5 2 2016 78
6024 Fernbrook Circle Detached $465,000 3 2 1616 34
44 Northview Ct Attached $496,800 2 3 2350 2
17653 Schalit Way Detached $500,000 3 2 1463 7
4960 Centerwood St Detached $540,000 3 2 1663 1
86 Greenridge Ct Attached $589,999 4 3.5 2718 98
21 Grouse Terrace Detached $600,000 4 2.5 3108 37
18052 Hobbit Ct Detached $651,700 4 3.5 3289 91
319 3rd St Attached $679,000 3 3.5 1937 1
327 Laurel St Detached $695,000 4 2 2520 105
752 Lake Forest Dr Detached $795,000 4 2 2319 0
12511 Shelby Ct Detached $849,000 5 3.5 3641 30
2151 Crest Dr Detached $899,950 4 2.5 4690 39
1414 Cherry Ln Detached $949,000 6 3.5 4699 1063
19114 35th Pl Detached $1,070,000 4 4.5 5447 308
16586 Phantom Bluff Ct Detached $1,075,000 3 2.5 2571 167
125 Middlecrest Rd Detached $1,429,000 4 3.5 3242 8
17763 Kelok Rd Detached $1,495,000 4 4 3840 354

Sold/Closed (July 15-21, 2019)

Address Type List Price Sold Price Sq Ft CDOM
10 Cervantes Circle 7B Condo $219,900 $209,900 912 33
200 Burnham Rd 3404 Condo $284,900 $270,000 1,325 50
233 Cervantes Condo $275,000 $275,000 1216 189
47 Oriole Ln Detached $482,500 $475,000 1882 18
1308 Cornell St Detached $495,000 $492,000 1750 8
27 Partridge Ln Detached $549,000 $540,000 2493 28
5955 Washington Ct Detached $575,000 $590,000 2554 45
13488 Snowberry Ct Detached $729,000 $680,262 3073 38
4 Hillshire Dr Detached $778,000 $759,500 3232 32
2272 Park Rd Detached $779,900 $780,000 2325 2
4224 Albert Circle Detached $808,000 $808,000 2588 4
8 Othello St Detached $799,900 $814,800 3690 1
5745 Bay Creek Dr Detached $819,900 $815,000 3353 18
128 Northshore Rd Detached $897,500 $838,000 2695 97
18409 Old River Dr Detached $969,000 $885,000 3681 77
909 Cumberland Pl Detached $995,000 $897,000 3267 72
2886 Upper Dr Detached $924,995 $900,000 2674 143
2464 Palisades Crest Dr Detached $1,100,000 $1,040,000 4012 47
17900 Sarah Hill Ln Detached $1,295,000 $1,185,095 4186 27
18135 Crestline Dr Detached $1,495,000 $1,425,000 2673 64
1074 Bayberry Rd Detached $1,625,000 $1,600,000 3429 237

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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