Linda Rossi – Property Blotter

May 15, 2022

Portland Real Estate Stats + LO – April 2022

Overview/Fluctuations ~ Market Data: Inventory inched up just a bit in April, and the comparisons to last year and the previous month’s data remain similar to the month before…down over last year, slightly up generally from the prior month, except for Pending Sales which are down a slight 1.3%. See below for more details on that. Total market time is down to 21 days, so activity is up as you’d expect in springtime & plenty of people are out looking for a limited number of homes. Rates continue to rise, so some of the less-than-typical/less-than-robust activity is traceable to that and to the low inventory that persists. It’ll be interesting to see May numbers, as anecdotally, Agents are noticing slowing and a bit of a pause in that usual Buyer-excitement cycle that distinguishes this time of year.

Rates: “We have seen continued pressure on rates as the Federal Reserve fights inflation. A 30-year fixed is at roughly 5.375%” Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS Market Action Report for the Portland Metro Area-April 2022:

There were 3,684 New Listings in April 2022 decreased 9.4% from April of 2021’s 4,065, and increased 4.6% from the previous month/March’s 3,521.
At 2,782 April 2022’s Closed Sales are down 5.6% from April 2021’s 2,946, and up 3.7% from the previous month/March’s 2022’s total of 2,683
At 3,005 April 2022’s Pending Sales are down 11.6% from April 2021’s 3,400, and down slightly at 1.3% below the previous month/March2022’s total of 3,045.
The Average Sale Price in April 2022 of $632,900 is up $75,000 from last year/April 2021’s $557,900, and up $22,000 from the previous month/March’s $610,900.
The “Median” Sale Price (the price smack dab in the middle of all sales) in April 2022 of $560,000 rose from last year/April 2021’s $500,000 by $60,000, and $10,000 from the previous month/March’s $550,000.

LAKE OSWEGO:

103 Active Listings (Mar 96)
169 New Listings (Mar 171)
144 Pending Sales (Mar 119)
133 Closed Sales (Mar 102)
Average Sale Price for March: $998,600 (Mar $1,092,200)
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.
26 Days on the Market (Mar 31)

May 12, 2022May 14, 2022

Market Activity ~ May 2-8, 2022

Last week Lake Oswego saw 16 properties enter the market, 24 move to Pending status, and 14 Closed/Sold.

Right now there are 61 properties to choose from ranging from $195,000 to $7.25 mil.

NEW May 2-8, 2022

Address	List Price	Beds	Baths	SF	Prop Type
47 EAGLE CREST DR #37	$229,000	1	1	672	CONDO
47 EAGLE CREST DR #20	$280,000	2	1	1009	CONDO
86 KINGSGATE RD E103	$370,000	2	2	924	CONDO
2 MOUNTAIN CIR	$499,000	2	1.1	1372	ATTACHD
4363 WOODSIDE CIR	$581,950	3	2	1532	ATTACHD
16661 LAKE FOREST BLVD	$585,000	3	1	936	DETACHD
164 KINGSGATE RD	$689,000	3	2	1781	DETACHD
17311 MANDI LN	$695,000	4	2.1	1779	DETACHD
18440 SANDPIPER CIR	$789,000	3	2	1447	DETACHD
343 3RD ST	$935,000	3	3.1	2101	ATTACHD
4089 ORCHARD WAY	$995,000	4	2.1	2743	DETACHD
19653 RIVER RUN DR	$1,088,000	4	2.1	2617	DETACHD
13865 TAYLORS CREST LN	$1,100,000	4	2.1	2532	DETACHD
19460 SW EASTSIDE RD	$1,299,000	5	3.2	4521	DETACHD
5006 UPPER DR	$1,499,900	4	3.1	3284	DETACHD
2671 GLEN EAGLES RD	$1,895,000	3	3	4014	DETACHD

PENDING May 2-8, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
45 EAGLE CREST DR #316	$200,000	1	1	600	CONDO	168
47 EAGLE CREST DR #37	$229,000	1	1	672	CONDO	0
45 EAGLE CREST DR #211	$239,900	2	2	1046	CONDO	89
47 EAGLE CREST DR #20	$280,000	2	1	1009	CONDO	3
3920 CARMAN DR	$419,900	2	2.1	1098	CONDO	15
1531 BONNIEBRAE DR	$489,900	3	1.1	1303	ATTACHD	32
2 MOUNTAIN CIR	$499,000	2	1.1	1372	ATTACHD	4
1674 FIRCREST DR	$649,000	4	2	1998	DETACHD	5
66 Wheatherstone	$650,000	4	3.1	2500	CONDO	8
5970 KENNYCROFT WAY	$650,000	3	2	1212	DETACHD	5
5342 BONITA RD	$699,900	3	1.1	1392	DETACHD	21
5710 WINDFIELD LOOP	$699,900	3	3	1822	DETACHD	6
36 GREENRIDGE CT	$794,900	4	3	2250	ATTACHD	35
5875 BONITA RD	$839,000	6	3.1	2650	DETACHD	24
17423 SCHALIT WAY	$849,000	4	2.1	2442	DETACHD	6
1299 HIDE A WAY LN	$849,900	3	2	1893	DETACHD	10
5750 WASHINGTON CT	$869,000	3	2.1	2430	DETACHD	4
4686 WINTHROP CT	$895,000	4	2.1	2238	DETACHD	3
343 3RD ST	$935,000	3	3.1	2101	ATTACHD	3
17865 SARAH HILL LN	$1,099,950	4	2.1	2871	DETACHD	5
5175 SW FIRWOOD RD	$1,199,999	3	2	2117	DETACHD	4
820 FAIRWAY RD	$1,930,000	4	3.1	3758	DETACHD	2
4460 UPPER DR	$2,604,460	4	3.1	4081	DETACHD	39
548 RIDGEWAY RD	$2,995,000	5	3	3498	DETACHD	32

SOLD May 2-8, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
668 MCVEY AVE #15	$224,900	$224,900	1	1	636	CONDO	2
47 EAGLE CREST DR #7	$259,900	$270,000	2	1	932	CONDO	4
47 EAGLE CREST DR #13	$259,000	$278,000	2	1	932	CONDO	27
317 CERVANTES / Grnd	$330,000	$382,000	2	2	1209	CONDO	21
5838 LANGFORD LN	$699,000	$691,000	3	3	1811	DETACHD	3
4813 REDWING WAY	$699,900	$745,000	4	2	2092	DETACHD	2
17721 ARBOR LN	$785,000	$800,000	3	2	1521	DETACHD	4
181 3RD ST #5	$995,000	$987,987	2	2	1523	CONDO	4
1432 GREENTREE CIR	$859,900	$1,002,000	4	3	2792	DETACHD	5
18108 HOBBIT CT	$1,289,000	$1,289,000	3	2.1	3780	DETACHD	6
3781 TEMPEST DR	$1,250,000	$1,300,000	4	2.1	3927	DETACHD	4
5863 SUNCREEK DR	$1,295,000	$1,570,000	3	3	3302	DETACHD	1
603 ATWATER RD	$1,750,000	$1,720,000	4	3.1	3430	DETACHD	4
4579 UPPER DR	$2,250,000	$2,250,000	4	3.1	3701	DETACHD	3

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 (***We’ve used “Days” in each category for ease of understanding) .

April 30, 2022May 15, 2022

Portland Area Real Estate Stats + LO ~ March 2022

Here is your look at what’s been happening in the overall Portland area including individual areas of the metro, and with Lake Oswego broken out below:

In the In the first three months of 2022 as compared with the same period in 2021, New Listings have decreased 1.3%, Pending Sales have decreased 3.7% and Closed Sales increased 1.2%. Supply So, basically Inventory is insanely low, & that fact is keeping sales (Pendings & Solds) low as well for the quarter. BUT, as you’ll see below, though Inventory is still ridiculous, activity is picking up this month as it usually does and competition is still stiff, which means Appreciation is continuing to climb (see March 2022 & Neighborhood Report below).

Rates: “The Fed is trying to slow things down, and consequently right now rates sit at about 5.125%.” Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS Market Action Report for the Portland Metro Area-Mar 2022:

There were 3,521 New Listings in March 2022 increased 1.6% from March of 2021’s 3,465, and increased a whopping 37.0% from the previous month/Feb’s 2,571.
At 2,683 March 2022’s Closed Sales are up 5.0% from March 2021’s 2,556, and up another whopping 38.4% from the previous month/Feb 2022’s total of 1,939
At 3,045 March 2022’s Pending Sales are down 9.0% from March 2021’s 3,346, and up 24.2% from the previous month/Feb 2022’s total of 2,452.
The Average Sale Price in March 2022 of $610,900 is up $56,600 from last year/March 2021’s $554,300, and up $28,700 from the previous month/Feb’s $582,200.
The “Median” Sale Price (the price smack dab in the middle of all sales) in March 2022 of $550,000 rose from last year/March 2021’s $488,000 by $62,000, and $25,000 from the previous month/Feb’s $525,000. ***I’m not a statistician, but it seems to me that the above similarities in Average –vs- Median increases indicate that homes are selling across all pricing spectrums in somewhat even distribution. Prove me wrong! ; ) If true, this surprises me as the current rate hikes tend to make it harder for first time home-buyers who historically tend to buy in lower price ranges.

LAKE OSWEGO:

96 Active Listings (Feb 60)
171 New Listings (Feb 110)
119 Pending Sales (Feb 103)
102 Closed Sales (Feb 66)
Average Sale Price for March: $1,092,200 (Feb $890,200)
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.
31 Days on the Market (Feb 25)

April 30, 2022April 30, 2022

Market Activity ~ April 18-24, 2022

This last week saw 23 New properties enter the market, 13 move to Pending status, and 24 Closed/Sold. Right now there are 68 properties available in Lake Oswego ranging from 195,000 to 7.25 mil.

NEW Apr 18-24, 2022

Address	List Price	Beds	Baths	SF	Prop Type
1979 COUNTRY CLUB RD	$299,000	2	2	1008	CONDO
4405 THUNDER VISTA LN	$395,500	2	2	1506	CONDO
3970 CARMAN DR	$419,900	2	2.1	1098	CONDO
32 CONDOLEA DR / Grnd	$434,000	2	2.1	1197	CONDO
210 OSWEGO SMT #210	$469,000	2	2	1448	CONDO
1875 CREST DR	$472,500	2	2.1	1922	CONDO
6331 SHAKESPEARE ST	$519,900	3	1.1	992	DETACHD
670 1ST ST	$525,000	2	2	1420	CONDO
18554 HALLBERG CT	$529,000	3	2	1799	ATTACHD
355 6TH ST	$599,000	3	2.1	1885	DETACHD
3433 MCNARY PKWY #208	$675,000	3	2	1656	DETACHD
3920 CARMAN DR	$699,900	3	1.1	1220	DETACHD
5542 DUNMIRE DR	$764,000	4	2	1866	DETACHD
18413 DEER OAK CIR	$799,500	2	2	1281	DETACHD
762 9TH ST	$829,000	4	2.1	2252	DETACHD
18084 WESTMINSTER DR	$975,000	3	3.1	2362	ATTACHD
2088 CREST DR	$1,015,000	4	2.1	3256	DETACHD
4206 WOODSIDE CIR	$1,259,000	3	2.1	2767	CONDO
17596 OAK MEADOW LN	$1,549,000	5	3.1	5020	DETACHD
5172 GREENSBOROUGH CT	$1,599,000	5	5.1	4143	DETACHD
24 CONDOLEA DR / Grnd	$1,599,000	3	2.1	2844	DETACHD
10 EAGLE CREST DR	$1,995,000	4	3.1	3957	DETACHD
1474 GREENTREE CIR	$7,250,000	4	6.1	8259	DETACHD

PENDING Apr 18-24, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE #69	$239,900	3	2.1	1351	CONDO	29
47 EAGLE CREST DR #7	$259,900	2	1	932	CONDO	4
182 OSWEGO SMT / Upper	$290,000	2	2	1516	CONDO	4
3970 CARMAN DR	$434,000	2	2.1	1197	CONDO	5
5073 W SUNSET DR	$515,000	2	2.1	1720	ATTACHD	6
668 MCVEY AVE #63	$575,000	2	1	852	CONDO	21
135 KINGSGATE RD	$699,000	3	2.1	1720	DETACHD	6
18554 HALLBERG CT	$699,900	3	1.1	1220	DETACHD	3
19 WALKING WOODS DR	$749,900	3	2	2513	DETACHD	4
181 3RD ST #5	$995,000	2	2	1523	CONDO	4
670 1ST ST	$1,259,000	3	2.1	2767	CONDO	2
17596 OAK MEADOW LN	$1,599,000	3	2.1	2844	DETACHD	2
17600 UPPER CHERRY LN	$2,100,000	4	3.1	3905	DETACHD	324

SOLD Apr 18-24, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY #52	$229,000	$170,000	1	1	617	CONDO	9
3930 LAKE GROVE AVE #2A	$249,000	$275,000	2	1	956	CONDO	4
3433 MCNARY PKWY #107	$289,500	$307,000	2	2	1008	CONDO	3
224 RIDGEWAY RD / Upper	$325,000	$333,000	1	1	756	CONDO	6
5626 FERNBROOK WAY	$574,960	$610,000	3	1.1	1250	DETACHD	2
5832 BENFIELD CT	$575,000	$634,000	3	1.1	1336	DETACHD	4
1474 GREENTREE CIR	$675,000	$675,000	3	2	1656	DETACHD	0
4200 OLD GATE RD	$550,000	$685,000	3	1.1	1453	DETACHD	4
852 5TH ST	$675,000	$700,000	2	1	738	DETACHD	2
17763 MARDEE AVE	$741,900	$724,000	5	3	2110	DETACHD	19
13700 PROVINCIAL HILL DR	$725,000	$800,000	4	2.1	2078	DETACHD	2
12962 KNAUS RD	$829,000	$835,350	3	2.1	1952	DETACHD	268
14 PARTRIDGE LN	$668,000	$838,000	3	3	2658	DETACHD	5
4870 CENTERWOOD ST	$839,900	$840,000	4	2.1	2434	DETACHD	5
17101 CAMPUS WAY	$865,000	$875,000	4	3	3367	DETACHD	8
1150 GREENTREE RD	$965,000	$1,025,000	4	1.2	2703	DETACHD	5
14580 UPLANDS DR	$925,000	$1,230,000	3	3	2120	DETACHD	4
1001 CEDAR ST	$1,495,000	$1,340,000	4	3.1	2572	DETACHD	14
1050 SCHUKART LN	$1,399,900	$1,455,000	4	3.1	5847	DETACHD	4
4030 CANAL WOODS CT	$1,380,000	$1,500,000	5	4	4103	DETACHD	4
734 CARRERA LN	$1,295,000	$1,510,000	4	2.1	3898	DETACHD	4
1875 CREST DR	$1,995,000	$1,995,000	4	3.1	3957	DETACHD	0
13725 CAMEO CT	$2,450,000	$2,300,000	5	4.1	4984	DETACHD	14
1075 LAKE FRONT RD	$5,500,000	$5,300,000	5	4.1	4562	DETACHD	0

April 17, 2022

Here’s to Rebirth, Renewal and Community

Happy Easter, Passover & Ramadan! No matter what your tradition, this is a special time of year that everyone seems to recognize as symbolic of new beginnings. Dianne and I wish you all Good things, and the Peace that comes from gathering with loved-ones.

April 16, 2022April 16, 2022

Market Activity ~ April 4-10, 2022

This last week Lake Oswego saw 25 New properties enter the market, 28 move to Pending status, and 11 to Closed/Sold. Right now there are 57 properties available in Lake Oswego ranging from $195,000 to $7.2 Mil.

Here is a snapshot of what happened according to RMLS:

NEW April 4-10, 2022

Address	List Price	Beds	Baths	SF	Prop Type
4 TOUCHSTONE #124	$320,000	3	2.1	1351	CONDO
86 KINGSGATE RD, D105	$349,950	2	2	924	CONDO
4000 CARMAN DR, C49	$375,000	1	1.1	1004	CONDO
6025 KENNY ST	$599,000	3	1.1	1254	DETACHD
1726 CONIFER DR	$689,000	5	2	1800	DETACHD
4813 REDWING WAY	$699,900	4	2	2092	DETACHD
18 NORTHVIEW CT	$750,000	3	3.1	2717	ATTACHD
13855 VERTE CT	$799,900	3	2.1	1835	DETACHD
16053 LAKE FOREST BLVD	$799,950	4	2	2100	DETACHD
16525 GLENWOOD CT	$890,000	3	2.1	2298	DETACHD
1435 GREENTREE CIR	$899,000	4	2.1	2269	DETACHD
14580 UPLANDS DR	$925,000	3	3	2120	DETACHD
2525 DELLWOOD DR	$950,000	5	3	2836	DETACHD
126 DEL PRADO ST	$985,000	5	3.1	3932	DETACHD
920 CAPILANO CT	$999,000	3	2.1	2887	DETACHD
1909 PALISADES TERRACE DR	$1,150,000	3	3.1	3100	DETACHD
19505 OLSON AVE	$1,250,000	5	2.1	3022	DETACHD
14190 TAYLORS CREST LN	$1,299,000	5	2.1	2961	DETACHD
4867 UPPER DR	$1,349,000	5	3	2956	DETACHD
15804 ALLISON PL	$1,538,000	4	2.1	3662	DETACHD
18058 PILKINGTON RD	$1,538,999	4	3	3225	DETACHD
603 ATWATER RD	$1,750,000	4	3.1	3430	DETACHD
17600 UPPER CHERRY LN	$2,100,000	4	3.1	3905	DETACHD
17230 Lake Haven DR	$2,100,000	3	2.1	3766	DETACHD
6319 WASHINGTON CT	$2,200,000	4	4	3854	DETACHD

PENDING April 4-10, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
4 SW TOUCHSTONE DR #150	$220,000	2	2	984	CONDO	59
668 MCVEY AVE #15	$224,900	1	1	636	CONDO	2
45 EAGLE CREST DR #309	$229,900	2	2	1056	CONDO	28
47 EAGLE CREST DR #13	$275,000	2	1	932	CONDO	27
3958 CARMAN DR / Grnd	$434,900	2	2.1	1133	CONDO	15
6321 ALYSSA TER	$515,000	3	2.1	1546	ATTACHD	5
668 MCVEY AVE #63	$575,000	2	1	852	CONDO	7
2091 BONNIEBRAE DR / Grnd	$625,000	3	2.1	1792	CONDO	6
4 PREAKNESS CT	$650,000	3	2	1985	ATTACHD	36
14 PARTRIDGE LN	$668,000	3	3	2658	DETACHD	5
4813 REDWING WAY	$699,900	4	2	2092	DETACHD	2
17721 ARBOR LN	$785,000	3	2	1521	DETACHD	4
2542 SW ORCHARD HILL LN	$790,000	3	2	1754	DETACHD	4
16053 LAKE FOREST BLVD	$799,950	4	2	2100	DETACHD	3
1432 GREENTREE CIR	$859,900	4	3	2792	DETACHD	5
17101 CAMPUS WAY	$865,000	4	3	3367	DETACHD	8
920 CAPILANO CT	$999,000	3	2.1	2887	DETACHD	3
14760 UPLANDS DR	$999,000	4	3	2772	DETACHD	6
1909 PALISADES TERRACE DR	$1,150,000	3	3.1	3100	DETACHD	3
26 BRIARWOOD RD	$1,249,000	4	3	2554	DETACHD	19
19505 OLSON AVE	$1,250,000	5	2.1	3022	DETACHD	2
3781 TEMPEST DR	$1,250,000	4	2.1	3927	DETACHD	4
734 CARRERA LN	$1,295,000	4	2.1	3898	DETACHD	4
17897 SUNDOWN CT	$1,675,000	5	3	3755	DETACHD	45
13636 GOODALL RD	$2,395,000	4	4.1	4380	DETACHD	7
13078 FIELDING RD	$2,795,000	4	3	3596	DETACHD	161
15508 DIAMOND HEAD RD	$3,480,000	3	4	3900	DETACHD	227
14390 UPLANDS DR	$5,795,000	4	4.1	7839	DETACHD	21

SOLD April 4-10, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
15483 Brianne CT	$415,000	$440,000	2	2.1	1208	ATTACHD	2
210 S STATE ST #7	$449,900	$485,000	3	2	1302	CONDO	4
6025 CARMAN DR	$699,900	$690,000	3	2	1641	DETACHD	4
1625 MEADOWS DR	$750,000	$810,000	4	2	1672	DETACHD	4
412 LIVINGOOD LN	$1,072,698	$989,255	5	2.1	3880	DETACHD	10
17348 HUNTER CT	$929,000	$1,005,000	3	2.1	3112	DETACHD	4
15562 HERITAGE CT	$864,000	$1,198,323	4	2.1	2338	DETACHD	5
928 LAKE FRONT RD	$1,299,900	$1,405,000	4	3	2468	DETACHD	6
3938 EDENS EDGE DR	$1,450,000	$1,662,000	4	3.1	3880	DETACHD	4
411 RIDGEWAY RD	$1,725,000	$1,800,000	3	2.1	3291	DETACHD	3
13041 KNAUS RD	$4,198,000	$3,650,000	4	4.1	4924	DETACHD	91

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.

March 24, 2022May 15, 2022

Portland Area Real Estate Stats + LO ~ Feb 2022

Here is your look at what’s been happening in the overall Portland area including individual areas of the metro, and with Lake Oswego broken out below:

Overview/Fluctuations ~

Market Data February 2022:

In the first two months of 2022 as compared with the same period in 2021, New Listings have decreased 3.6%, Pending Sales have slightly increased at 0.6% and Closed Sales decreased 1.0%. Supply is still the drama queen affecting the local market and remains at historic lows, meaning Buyers are in heavy competition over what’s available. The other factor is rates. They are going to be going up, and not likely coming back down as low as they’ve been anytime soon, so if you’re wanting to purchase a home, it would be a good idea not to put it off.

Rates: “We have seen extreme volatility in the markets over the last few weeks. Right now 30-year fixed rates stand at about 4.125%.” Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS data for the Portland Metro Area- Feb 2022:

There were 2,571 New Listings in Feb 2022 increased 3.9% from Feb of 2021’s 2,474, and increased 11.4% from the previous month/Jan’s 2,307.
At 1,939 Feb 2022’s Closed Sales are down 2.0% from Feb 2021’s 1,978, and up 4.6% from the previous month/Jan 2022’s total of 1,853
At 2,452 Feb 2022’s Pending Sales are up 11.1% from Feb 2021’s 2,208, and up 7.2% from the previous month/Jan 2022’s total of 2,287.
The Average Sale Price in Feb 2022 of $582,200 is up $40,200 from last year/Feb 2021’s $542,000, and down a bit at $4,400 from the previous month/Jan’s $586,600.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Feb 2022 of $525,000 rose from last year/Feb 2021’s $479,100 by $45,900, and $13,000 from the previous month/Jan’s $512,000.

LAKE OSWEGO:

60 Active Listings (Jan 61)
110 New Listings (Jan 83)
103 Pending Sales (Jan 78)
66 Closed Sales (Jan 82)
Average Sale Price for Feb: $890,200 (Jan $1,054,400)
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.
25 Days on the Market (Jan 29)

March 24, 2022March 24, 2022

Market Activity ~ March 14-20, 2022

Last week Lake Oswego saw 13 properties come on the market, 17 move to Pending status and 19 Closed/Sold. There are currently 44 homes available in Lake Oswego ranging from $200,000 to $5.8mil.

NEW March 14-20, 2022

Address	List Price	Beds	Baths	SF	Prop Type
100 KERR PKWY #52	$229,000	1	1	617	CONDO
3433 MCNARY PKWY #107	$289,500	2	2	1008	CONDO
224 RIDGEWAY RD / Upper	$325,000	1	1	756	CONDO
5211 MADRONA ST	$574,900	3	2	2042	DETACHD
5832 BENFIELD CT	$575,000	3	1.1	1336	DETACHD
4902 CHILDS RD	$700,000	3	1.1	1370	DETACHD
412 LIVINGOOD LN	$1,072,698	5	2.1	3880	DETACHD
1640 OAK ST	$1,160,000	4	2.1	3301	DETACHD
18108 HOBBIT CT	$1,289,000	3	2.1	3780	DETACHD
362 9TH ST	$1,450,000	3	2.1	2018	DETACHD
4929 Park Bluff PL	$2,600,000	4	3.1	4067	DETACHD
1075 LAKE FRONT RD	$5,500,000	5	4.1	4562	DETACHD
14390 UPLANDS DR	$5,795,000	4	4.1	7839	DETACHD

PENDING March 14-20, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
6025 CARMAN DR	$699,900	3	2	1641	DETACHD	4
4870 CENTERWOOD ST	$839,900	4	2.1	2434	DETACHD	5
17348 HUNTER CT	$929,000	3	2.1	3112	DETACHD	4
1004 CUMBERLAND PL	$1,100,000	5	2	3313	DETACHD	4
12715 ADRIAN CT	$1,150,000	4	2.1	3003	DETACHD	3
1640 OAK ST	$1,160,000	4	2.1	3301	DETACHD	3
18108 HOBBIT CT	$1,289,000	3	2.1	3780	DETACHD	6
4030 CANAL WOODS CT	$1,380,000	5	4	4103	DETACHD	4
2612 RIVENDELL RD	$1,389,900	4	3	3521	DETACHD	4
1050 SCHUKART LN	$1,399,900	4	3.1	5847	DETACHD	4
735 7th ST	$1,725,000	3	3.1	3073	DETACHD	5
1949 CHERYL CT	$1,750,000	5	4.2	5011	DETACHD	4
3115 WEMBLEY PARK RD	$2,000,000	4	3.1	3800	DETACHD	8
13725 CAMEO CT	$2,195,000.00	5	4.1	4984	DETACHD	14
3578 CARMAN DR	$2,200,000.00	5	3.1	4000	DETACHD	27
4929 Park Bluff PL	$2,600,000.00	4	3.1	4067	DETACHD
1075 LAKE FRONT RD	$5,500,000.00	5	4.1	4562	DETACHD	0

SOLD March 14-20, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
45 EAGLE CREST DR #312	$229,000	$214,000	1	1	780	CONDO	16
12 CERVANTES CIR	$260,000	$305,000	2	1.1	912	CONDO	206
750 1ST ST E27	$615,900	$478,500	2	2	1350	CONDO	162
2806 SW ORCHARD HILL PL	$649,000	$649,000	3	2.1	2324	DETACHD	5
959 LEE ST	$719,000	$665,000	3	2	2340	DETACHD	42
3 MOUNTAIN CIR	$675,000	$730,000	3	2	1580	ATTACHD	4
16946 LOWER MEADOWS DR	$839,900	$839,900	3	2.1	1769	DETACHD	3
48 HILLSHIRE DR	$795,500	$955,000	4	3	3034	DETACHD	5
1770 HEADLEE LN	$879,000	$970,745	2	3	2505	DETACHD	4
4 WESTMINSTER DR	$895,000	$1,130,000	4	3	2258	DETACHD	6
2719 GREENTREE RD	$985,000	$1,150,000	5	3.1	3886	DETACHD	5
14232 MEADOW GRASS ST	$1,100,000	$1,249,000	4	3	2894	DETACHD	4
3778 RIVERS EDGE DR	$1,150,000	$1,365,000	4	3.1	3012	DETACHD	5
18002 PILKINGTON RD	$1,599,000.00	$1,600,000	4	3	3629	DETACHD	3
2305 GLEN HAVEN RD	$2,175,000.00	$2,275,000	5	4	3632	DETACHD	82
17486 REDFERN AVE	$2,175,000.00	$2,288,800	5	4	3632	DETACHD	4
3817 UPPER DR	$2,350,000.00	$2,615,000	5	3.1	4246	DETACHD	4
1845 HIGHLANDS LOOP	$2,995,000	$3,100,000	4	3.2	5306	DETACHD	3
2812 LAKEVIEW BLVD	$3,399,900	$3,400,000	3	3.1	3100	DETACHD	14

Criteria: (RMLS DATA) 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.

March 13, 2022March 13, 2022

Market Activity ~ Feb 28- Mar 6, 2022

Spring is sprung in the local market! Last week in Lake Oswego we saw 20 Properties enter the market, 20 move to Pending/Accepted Offer status and 15 Sold/Closed. There are 51 from 215,000 to 5.3 mil available in Lake Oswego right now.

NEW Feb 28-Mar 6, 2022

213 CERVANTES, Grnd	$329,000	2	1.1	1216	CONDO
15483 Brianne CT	$415,000	2	2.1	1208	ATTACHD
4061 JEFFERSON PKWY	$425,000	2	2.1	1462	CONDO
210 S STATE ST #7	$449,900	3	2	1302	CONDO
4434 THUNDER VISTA LN	$479,000	2	2.1	2040	CONDO
4200 OLD GATE RD	$550,000	3	1.1	1453	DETACHD
13991 MAJESTIC CT	$550,000	3	2	1765	DETACHD
27 AQUINAS ST	$599,900	3	2.1	1530	DETACHD
4 PREAKNESS CT	$650,000	3	2	1985	ATTACHD
5497 WILLOW CT	$775,000	3	2.1	2427	ATTACHD
14179 SUNDELEAF DR	$849,900	5	2	2617	DETACHD
15562 HERITAGE CT	$864,000	4	2.1	2338	DETACHD
86 TANGLEWOOD DR	$885,000	4	3	3192	DETACHD
23 TOUCHSTONE	$924,900	5	4	3169	DETACHD
3778 RIVERS EDGE DR	$1,150,000	4	3.1	3012	DETACHD
928 LAKE FRONT RD	$1,299,900	4	3	2468	DETACHD
3545 UPPER DR	$1,300,000	4	3.1	2742	DETACHD
1000 UPPER DEVON LN	$1,695,000	4	3.1	3535	DETACHD
21 D AVE #5	$1,808,400	2	2.1	2108	CONDO
13725 CAMEO CT	$2,450,000	5	4.1	4984	DETACHD

PENDING Feb 28-Mar 6, 2022

Address	List Price	# Beds	# Baths	Total SF	Prop Type	Days
4 TOUCHSTONE #101	$254,000	4	2.1	1456	CONDO	31
12 CERVANTES CIR	$260,000	2	1.1	912	CONDO	206
209 CERVANTES	$325,000	2	1.1	1216	CONDO	18
200 BURNHAM RD #208	$347,500	2	2	1320	CONDO	2
16250 PACIFIC HWY #44	$387,000	2	2	1305	CONDO	10
15483 Brianne CT	$415,000	2	2.1	1208	ATTACHD	2
20 SUMMIT RIDGE CT	$499,000	2	2.1	1704	CONDO	13
4200 OLD GATE RD	$550,000	3	1.1	1453	DETACHD	4
1625 MEADOWS DR	$750,000	4	2	1672	DETACHD	4
12962 KNAUS RD	$829,000	3	2.1	1952	DETACHD	268
14179 SUNDELEAF DR	$849,900	5	2	2617	DETACHD	3
86 TANGLEWOOD DR	$885,000	4	3	3192	DETACHD	4
353 3RD ST	$909,000	3	3.1	2044	ATTACHD	7
1805 GLENMORRIE TER	$1,075,000	3	2.1	2798	DETACHD	4
5959 SUNCREEK DR	$1,150,000	4	2.1	3315	DETACHD	5
2991 DELLWOOD DR	$1,289,000	4	2.2	4308	DETACHD	104
21 D AVE #12	$1,863,600	2	2.1	2177	CONDO	86
3817 UPPER DR	$2,350,000	5	3.1	4246	DETACHD	4
14655 UPLANDS DR	$3,300,000	5	5.2	4775	DETACHD	107
13041 KNAUS RD	$3,695,000	4	4.1	4924	DETACHD	91

SOLD Feb 28-Mar 6, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	DAYS
89 GALEN ST	$199,000	$225,000	1	1	552	CONDO	3
4647 LAKEVIEW BLVD, D1	$229,999	$250,000	1	1	753	CONDO	4
44 EAGLE CREST DR #39	$269,900	$269,900	2	1	1085	CONDO	0
44 EAGLE CREST DR #32	$250,000	$280,000	2	1	908	CONDO	3
86 KINGSGATE RD, H101	$349,000	$355,000	2	2	918	CONDO	4
5788 KIMBALL CT	$530,000	$590,000	4	1.1	1148	DETACHD	4
1720 KILKENNY DR	$699,900	$737,024	3	2.1	1348	DETACHD	53
18561 KRISTI WAY	$649,950	$750,000	3	2.1	1450	DETACHD	6
5207 COVENTRY CT	$759,698	$840,000	3	2	1858	DETACHD	3
6 GROUSE TER	$850,000	$1,000,000	3	3	3653	DETACHD	4
17095 WESTVIEW DR	$985,000	$1,052,000	4	3	3356	DETACHD	2
580 WEIDMAN CT	$1,100,000	$1,219,175	5	3.1	3952	DETACHD	5
3545 UPPER DR	$1,300,000	$1,400,000	4	3.1	2742	DETACHD	0
872 COUNTRY CMNS	$140,000	$1,428,000	4	2.1	2800	DETACHD	0
566 4TH ST	$1,549,000	$1,455,000	4	4.2	3376	ATTACHD	33

March 7, 2022March 7, 2022

Sweet Condo in Mountain Park

(Pics below) Every once in awhile a little gem comes along and we like to spotlight it for our readers. This one is situated in Mountain Park with high & vaulted ceilings and soaring windows in a wooded setting. It’s just a couple steps down from your deeded parking space to a cozy porch with a view, or enter through your attached garage. Two stories with the bedrooms on the main level and the airy living space downstairs. The Owner just updated nearly all the flooring, and the light hickory wood floors are such a gorgeous break from all those dark plank ones we see so often! Really brightens everything up and the walls of windows don’t hurt either. There is a deck off the dining room and a balcony off the huge primary bedroom with double closets and a sink in the suite itself. The other bedroom is lofted and has french doors, so it could serve either as a bedroom or a really sweet home office. The views out each window are just so peaceful, and the kitchen with it’s marmoleum floors has a pantry and an eating bar, with a laundry room off of it. All of that and a fireplace for curling up on those wintry evenings. Check it out! ML# 22181391 – 213 Cervantes, Lake Oswego 1216SF $329,000