Author: Linda Rossi

Last week in Lake Oswego we saw 7 New properties hit the market, 21 move to Pending status, and 29 transactions Close. Here is the breakdown according to RMLS:

NEW 11/9-15, 2020 :

Address	List Price	# Beds	# Baths	Total SF	Prop Type
3812 BOTTICELLI ST	$319,995	3	2	1194	CONDO
17297 BRYANT RD	$575,000	3	2	1428	DETACHD
5071 TUALATA LN	$595,900	3	3	1540	DETACHD
2349 OAKHURST LN	$935,000	4	2.1	3548	DETACHD
17596 GREEN BLUFF DR	$959,900	4	2.1	3039	DETACHD
3250 WESTVIEW CT	$1,200,000	6	3.1	3928	DETACHD
5055 LAKEVIEW BLVD	$1,298,000	4	3.1	3607	DETACHD

PENDING 11/9-15, 2020 :

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
3433 MCNARY PKWY  #804	$260,000	2	2.1	1136	CONDO	103
20 CERVANTES CIR	$275,000	2	1.1	912	CONDO	30
31 GREENRIDGE CT	$425,000	3	2.1	2012	ATTACHD	95
1402 PARRISH ST	$449,000	3	2.1	1863	CONDO	83
6270 Shakespeare ST	$495,000	3	1	1009	DETACHD	3
769 4TH ST	$499,000	4	1	2000	DETACHD	4
13 WALKING WOODS DR	$515,000	3	2	2130	DETACHD	4
14402 SHERBROOK PL	$530,000	3	2.1	1976	DETACHD	43
4362 GALEWOOD ST	$558,000	3	2.1	1684	DETACHD	25
14 INDEPENDENCE AVE	$684,900	5	3	3296	DETACHD	191
1227 ASH ST	$700,000	3	2	2151	DETACHD	4
20 Nansen Summit	$749,900	4	3.1	3768	DETACHD	2
19 WESTRIDGE DR	$749,900	4	2.1	3711	DETACHD	19
5722 SOUTHWOOD DR	$765,000	4	2.1	2919	DETACHD	3
6435 MCDUFF CT	$899,900	5	3.1	3424	DETACHD	65
17215 LOWENBERG TER	$935,000	4	2.1	2934	DETACHD	89
14144 GOODALL RD	$950,000	5	3	3701	DETACHD	157
2900 UPPER DR	$995,000	3	2	2272	DETACHD	66
6 ESSEX CT	$998,000	4	4	4338	DETACHD	4
3125 ALBER SPRING CT	$1,098,000	3	3.1	4308	DETACHD	195
18375 RIVER EDGE LN	$1,185,000	4	2.1	3512	DETACHD	51

SOLD 11/9-15, 2020:

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
92 CERVANTES CIR	$205,000	$205,000	2	1.1	912	CONDO	36
4 TOUCHSTONE  #70	$279,950	$209,750	3	2.1	1351	CONDO	136
320 CERVANTES CIR, #12B	$209,900	$209,900	2	1	832	CONDO	3
15938 QUARRY RD,  B4	$225,000	$235,000	2	1	996	CONDO	2
5225 JEAN RD  #505	$255,000	$265,000	2	2	1100	CONDO	2
45 EAGLE CREST DR  #401	$285,000	$272,000	3	2	1348	CONDO	40
15486 Brianne CT	$375,000	$355,000	2	2.1	1246	ATTACHD	8
4401 THUNDER VISTA LANE LN	$395,000	$365,000	2	2.1	1980	CONDO	89
4347 SILVER CT	$445,000	$429,000	3	2.1	1844	CONDO	44
12 SAINT HELENS CIR	$525,000	$525,000	3	2	1780	DETACHD	29
19167 LONGFELLOW AVE	$525,000	$544,000	3	2	1782	DETACHD	6
4862 INDIAN CREEK CT	$534,900	$555,000	3	2	1390	DETACHD	4
3595 TEMPEST DR	$615,000	$615,000	3	2	2126	DETACHD	34
1427 ASPEN ST	$635,000	$625,000	4	2	2319	DETACHD	15
39 TOUCHSTONE	$749,900	$650,000	4	3	3400	DETACHD	39
4430 GALEWOOD ST	$649,000	$661,000	3	2.1	2078	DETACHD	4
2734 SW ORCHARD HILL LN	$699,000	$701,000	4	3	2800	DETACHD	5
312 4TH ST	$710,000	$710,000	2	2.1	1731	ATTACHD	22
40 CONDOLEA CT  /  Main	$775,000	$725,000	3	3	2958	CONDO	34
13453 STREAMSIDE DR	$839,000	$792,000	3	2.1	2932	DETACHD	5
12730 ADRIAN CT	$835,000	$815,000	4	2.1	2952	DETACHD	74
5682 CHARLES CIR	$839,000	$839,000	4	3	3052	DETACHD	3
14527 RAINBOW DR	$895,000	$862,000	5	3	3339	DETACHD	33
17641 BROOKHURST DR	$989,000	$995,000	4	2.1	3470	DETACHD	5
14361 EDENBERRY DR	$1,100,000	$1,075,000	4	3.1	3760	DETACHD	3
900 FAIRWAY RD	$1,195,000	$1,083,000	5	3.1	3508	DETACHD	106
2701 GLEN HAVEN RD	$1,085,000	$1,125,000	3	2	3134	DETACHD	3
18008 GREENBLUFF DR	$1,849,000	$1,550,000	3	3.1	4402	DETACHD	179
13490 FIELDING RD	$3,398,000	$3,070,000	5	6.1	8286	DETACHD	141

Here is your look at the most recent data for the entire Portland area (Oct 2020) and how Lake Oswego fits in to this picture just below.

Inventory remained at 1.1 months of supply in October. August was 1.3 and July was 1.2. The 1.1 mark is a record low according to RMLS. New Listings, Pending Sales and Appreciation are all up across the board.

Though we have an undeniable shortage of homes available, this is the time of year when Buyers can expect to find reasonable Sellers, and Sellers can expect to find serious Buyers out looking.

Rates are still very good, remaining around 2.875 as of today.

According to the RMLS Market Action Report for the Portland Metro Area, Sept 2020:

• There were 3,515  New Listings in Oct 2020 increased 14.7%  from Oct of 2019’s 3,064, and also increased 7.7% over the previous month/Sept’s 3,264.
• At 3,155, Oct 2020’s Closed Sales are up 21.9% from Oct 2019’s 2,588, and decreased 3.0% from the previous month/Sept 2020’s total of 3,251
• At 3,199, Oct 2020’s Pending Sales are up 25.2% from Oct 2019’s 2,575, and also increased 1.5% over the previous month/Sept 2020’s total of 3,152.
• The Average Sale Price in Oct 2020 of $516,000 is up $54,600 from last year/Oct 2019’s $461,400, and is up $6,000 from the previous month/Sept 2020’s $510,000.   YTD increase is 6.5%.
• The “Median” Sale Price (the price smack dab in the middle of all sales) in Oct 2020 of $460,000 rose from last year/Oct 2019’s $410,500 by $49,500, and is up by $9,000 from the previous month/Sept 2020’s $451,000. YTD increase is 6.1%.

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

• North Portland:  $450,300              6.5%   (Sept $476,000)
  •                                                     YTD Median: $430,000
• NE Portland:  $531,200                   4.6%   (Sept $532,100)
  •                                                     YTD Median: $452,500
• SE Portland:  $477,300                   6.7%   (Sept $467,700)
  •                                                     YTD Median: $405,000
• Gresham/Troutdale:   $412,900     4.8%   (Sept $409,300)
  •                                                     YTD Median: $374,900
• Milwaukie/Clackamas:  $512,100  6.8%   (Sept $487,300)
  •                                                     YTD Median: $449,900
• Oregon City/Canby:   $511,300      5.8%   (Sept $469,700)
  •                                                     YTD Median: $440,000
• Lake Oswego/West Linn:$756,600  9.9%  (Sept $782,600)
  •                                                      YTD Median: $639,500
• West Portland:    $685,900             4.5%  (Sept $636,600)
  •                                                     YTD Median: $550,000
• NW Wash County:  $595,600          5.2%  (Sept $600,600)
  •                                                      YTD Median: $524,900
• Beaverton/Aloha:     $451,200       4.9%   (Sept $447,000)
  •                                                     YTD Median: $415,300
• Tigard/Wilsonville:   $516,700        8.0%   (Sept $534,300)
  •                                                      YTD Median: $475,000
• Hillsboro/Forest Grove: $445,600  5.6%   (Sept $438,300)
  •                                                      YTD Median: $409,900

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of October 2020 reported:

• •  213 Active Listings (Sept 250)
  •  197 New Listings     (Sept 173)
  •  193 Pending Sales   (Sept 180)
  •  173 Closed Sales       (Sept 191)
  • Average Sale Price for Oct: $756,600  (Sept $782,600)
    • 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.
  •  59 Average Days on the Market   (Sept 45)

Here are my picks for happenings in lake Oswego this week:

Mon, Nov 9, 2020– 12:00-1:00PM –  Lunch 2 Go!  ~ Dining Room is obviously problematic during COVID, but this service continues M/W/F with drive-up service! They love to see your faces! $4.00 over 60 and $5.00 under 60. Adult Community Center – 505 G Ave –  Info & Ordering: CLICK HERE

Tue, Nov 10, 2020 –  7:00-8:00PM – Hot Books for Cold Days~Join Lake Oswego Librarians for a preview of the best books to curl up with this winter –   Info & Registration:  CLICK HERE  

Wed, Nov 11, 2020 – 8AM Wed-5PM Fri- Veterans Day – Veterans Memorial  ~Visit this memorial to all Veterans featuring 8 Lake Oswego individuals and their stories. Foothill Park, 199 Foothills Road~ Info & Reg:  CLICK HERE     

Thu, Nov 12, 2020 10:00AM-10:00PM – Sesame Street in Communities~Visit the Kids Page of the Lake Oswego Public Library for a weekly update of information geared toward offering resources for parents and caregiver to make a difference for kids…and you! –     CLICK HERE

Fri , Nov 13, 2020:  9:30AM-10:30AM, Little Masters Art Class (Ages 2-5/in-person class w/COVID safety measures)  ~ Check in every Friday for a sensory experience with a variety of mediums creating art together! CCP, 1060 Chandler Road Info & Registration : CLICK HERE 

Sat , Nov 14 2020:  9:00AM-11:00AM, Stewardship Work Party at Springbrook Park   ~ Help restore habitat in this 50-acre natural park  Info: CLICK HERE 

Sun, Oct 18, 2020– 1:00-3:00PM –  Stewardship Work Party at Iron Mountain Park  ~ Help restore 50 acres of treasured natural habitat. Bring a shovel, pruners, gloves and a container of water. – Iron Mountain Park, Parking: Off Glen Eagles Rd –  Info & Registration: CLICK HERE

Last week we saw 5 New Properties hit the market in Lake Oswego, so New Listings are slowing a bit seasonally, as is always expected. 28 properties moved to Pending status, and 25 Closed/Sold. All in all there are currently 139 properties available in Lake Oswego right now.

NEW Oct 26-Nov 1, 2020

PENDING Oct 26-Nov 1, 2020

SOLD Oct 26-Nov 1, 2020

Here is your look at the most recent data for the entire Portland area (Sept 2020) and how Lake Oswego fits in to this picture just below.

Inventory is now basically lower than its ever been. That’s a big deal.  Listings have dropped substantially from August, and Pending Sales (transactions in progress) are up a whopping 36.4% over Sept 2019, which reflects how the activity locally was pushed way farther into/through the summer than is usual.

This time of year I still say “Fall is for Buyers” as Sellers are generally more willing to negotiate heading into winter, but this year it is good to be a Seller too, as there is just not much out there in terms of competition.

Rates are still very good, around 2.875 today.

According to the RMLS Market Action Report for the Portland Metro Area, Sept 2020:

• There were 3,264  New Listings in Sept 2020 which decreased 5.9%  from Sept of 2019’s 3,470, and decreased 16.0% over the previous month/August’s 3,885.
• At 3,251, Sept 2020’s Closed Sales are up 36.8% from Sept 2019’s 2,377, and also up 3.2% from the previous month/Aug 2020’s total of 3,149
• At 3,152, Sept 2020’s Pending Sales are up 17.3% from Sept 2019’s 2,686, and decreased 14.7% over the previous month/July 2020’s total of 3,697.
• The Average Sale Price in Sept 2020 of $510,000 is up $51,600 from last year/Sept 2019’s $458,400, and is about the same as the previous month/Aug 2020’s $511,000.   YTD increase is 5.7%.
• The “Median” Sale Price (the price smack dab in the middle of all sales) in Sept 2020 of $451,000 rose from last year/Sept 2019’s $410,000 by $41,000, and is up by $2,000 from the previous month/Aug 2020’s $449,000. YTD increase is 5.7%.

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

• North Portland:  $476,000              5.0%   (Aug $461,800)
  •                                                     YTD Median: $430,000
• NE Portland:  $532,100                   3.3%   (Aug $527,500)
  •                                                     YTD Median: $450,000
• SE Portland:  $467,700                   5.9%   (Aug $487,200)
  •                                                     YTD Median: $402,000
• Gresham/Troutdale:   $409,300     4.1%   (Aug $393,900)
  •                                                     YTD Median: $370,000
• Milwaukie/Clackamas:  $487,300  5.4%   (Aug $480,800)
  •                                                     YTD Median: $445,000
• Oregon City/Canby:   $469,700      5.0%   (Aug $481,800)
  •                                                     YTD Median: $439,900
• Lake Oswego/West Linn:$782,600  10.4%  (Aug $787,000)
  •                                                      YTD Median: $637,000
• West Portland:    $636,600             3.4%  (Aug $656,500)
  •                                                     YTD Median: $545,000
• NW Wash County:  $600,600          4.3%  (Aug $574,200)
  •                                                      YTD Median: $516,500
• Beaverton/Aloha:     $447,000       4.1%   (Aug $442,000)
  •                                                     YTD Median: $415,000
• Tigard/Wilsonville:   $534,300        7.7%   (Aug $537,900)
  •                                                      YTD Median: $475,000
• Hillsboro/Forest Grove: $438,300  5.6%   (Aug $452,400)
  •                                                      YTD Median: $407,300

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of September 2020 reported:

• •  250 Active Listings (Aug 290)
  •  173 New Listings     (Aug 229)
  •  180 Pending Sales   (Aug 208)
  •  191 Closed Sales       (Aug 178)
  • Average Sale Price for Sept: $782,600  (Aug $787,000)
    • 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.
  •  45 Average Days on the Market   (Aug 71)

Last week we saw 11 New Properties arrive on the market, 30 move to Pending status, and 26 finalized sales move to Closed status. Hurray for all these new or soon-to-be-new Lake Oswego residents! Right now there are 156 beautiful homes available in Lake Oswego. The following is the activity per RMLS during the last week:

NEW: Oct 12-18, 2020

PENDING: Oct 12-18, 2020

SOLD: Oct 12-18, 2020

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.

Here are my picks for things happening this week!

Mon, Oct 12, 2020– 12:00-1:00PM –  Lunch 2 Go!  ~ Dining Room is obviously problematic during COVID, but this service continues M/W/F with drive-up service! They love to see your faces! $4.00 over 60 and $5.00 under 60. Adult Community Center – 505 G Ave –  Info & Ordering: CLICK HERE

Tue, Oct 13, 2020 –  4:00-5:00PM – Cook the Books Book Group~Join via Webex every week to eat and talk about food! Enjoy recipe exchanges and trying out recipes from a variety of cookbooks.  –   Info & Registration:  CLICK HERE  

Wed, Oct 14, 2020 – 6:30-7:00PM / Ages 2-12- All About Cats (Virtual Class) ~ Each week kids explore and learn all about the world of cats! – Presented by CCP~ Info & Reg:  CLICK HERE     

Thu, Oct 15, 2020 2:00-3:00 – Healthy Eating Every Day ~On Mondays and Thursdays learn how to adjust your eating during these challenging COVID times. Get back in the swing of healthy eating!  ~ Presented by Adult Community Center – Info & Registration:    CLICK HERE

Fri , Oct 16 2020:  9AM-9PM, Video Postcards from Your Librarians!   ~ Check in every Friday for new stories, songs and general levity “till we can all be back together again”. Available online 24 hrs/day. Refreshed weekly. Presented by Lake Oswego Library.- Info: CLICK HERE 

Sat , Oct 17 2020:  10:00AM, Storyline Online   ~Every Saturday enjoy celebrated actors reading children’s books alongside creatively produced illustrations. Fresh videos are featured weekly on the Lake Oswego Library’s Kids Page.  Info: CLICK HERE 

Sun, Oct 18, 2020– 1:00-3:00PM –  Stewardship Work Party at Iron Mountain Park  ~ Help restore 50 acres of treasured natural habitat. Bring a shovel, pruners, gloves and a container of water. – Iron Mountain Park, Parking: Off Glen Eagles Rd –  Info & Registration: CLICK HERE

Last week in Lake Oswego we saw 16 New Properties come on the market, 22 move to Pending status, and 28 Closed Transactions. There are currently 170 properties to choose from in Lake Oswego!

NEW Sept 28- Oct 4, 2020

PENDING Sept 28-Oct 4, 2020

• 

SOLD Sept 28-Oct 4, 2020

• 

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.