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 Feb 10-16, 2020

Last week in Lake Oswego there were 7 new listings, 21 properties that went into pending status, and 11 sold/closed sales. What stands out for me is the Days on the Market for the pending sales. Several were on the market for extremely extended periods of time. The average days on the market for this group is 160 days. Now, knowing this, look at how few houses came onto the market compared to houses that received accepted offers: 7 new listings and 21 pending sales. The inventory is currently lower than the demand. This is motivating buyers to look at the houses that have been around for a while and is generating offers. It’s a great time to list your house for sale!

Following is the breakdown for you according to RMLS:

New on the Market (Feb 10-16, 2020)

Address Type Price BR Baths Sq Ft
13 Oswego Summit Condo $178,000 1 1 764
2025 Wembley Park Rd Detached $925,000 3 2.5 2700
2250 Southshore Blvd Detached $1,299,000 4 4.5 4432
467 9th St Detached $1,385,000 3 2.5 2979
839 F Ave Detached $1,450,000 4 3.5 3780
49 Briarwood Rd Detached $1,490,000 3 2.5 3000
4160 Lakeview Blvd Detached $1,598,000 4 4.5 3904

Pending Sales (Feb 10-16, 2020)

Address Type Price BR Baths Sq Ft CDOM
317 Cervantes Condo $229,900 2 2 1209 178
16250 Pacific Hwy #71 Condo $245,000 2 2 1305 257
4425 Thunder Vista Ln Condo $299,000 2 2.5 1980 168
5053 Foothills Dr D Condo $315,900 2 2 1252 124
4210 Woodside Circle Attached $399,900 3 2 1778 151
304 6th St Detached $550,000 1 1 941 89
6450 Frost St Detached $594,900 4 2.5 2216 3
4933 Mulholland Dr Attached $599,900 2 2.5 2403 126
2 Morningview Ln Detached $625,000 4 3.5 2898 241
507 Ash St Detached $675,000 5 4 4666 144
18 Northview Ct Attached $675,000 3 3.5 2671 21
4771 Avery Ln Detached $725,000 4 2.5 2536 5
17393 Grandview Ct Detached $795,000 4 3.5 3672 108
14611 Uplands Dr Detached $975,000 3 3 3028 2
5340 Greystoke Dr Detached $1,095,000 3 4 2955 34
717 5th St Detached $1,279,950 4 2.5 2809 3
2050 Childs Rd Detached $1,295,000 4 4.5 4814 272
12822 Alto Park Rd Detached $1,495,000 4 4.5 3426 0
17686 Stafford Rd Lot 4 Detached $1,529,950 5 3.5 4524 388
1190 Fairway Rd Detached $2,599,000 4 4.5 5855 90
4175 Southshore Blvd Detached $3,900,000 4 4.5 6332 961

Sold/Closed (Feb 10-16, 2020)

Address Type List Price Sold Price Sq Ft CDOM
202 Cervantes Condo $205,000 $187,500 890 212
4000 Carman Dr #19 Condo $210,000 $210,000 836 5
3433 McNary Pkwy #301 Condo $229,000 $219,000 1208 128
4456 Sunset Dr Detached $495,000 $495,000 2024 8
5095 Oakridge Rd Detached $549,000 $583,000 1743 3
2425 Prestwick Rd Detached $719,000 $690,000 1464 46
14066 Chetham Ct Detached $835,000 $826,500 2800 3
2475 Marylview Ct Detached $849,000 $840,000 3009 100
5581 Yorkshire Pl Detached $825,000 $898,500 3218 3
13599 Meadowcreek Ln Detached $1,090,000 $1,130,101 3415 6
1100 Bayberry Rd Detached $1,625,000 $1,545,000 3507 105

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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