Tuesday Night Fun!

Here’s my pick this week for a free & fun adventure in Lake Oswego this week~

First Tuesday Music at the Lake Oswego Public Library features Dr Bryce Colson. He will bring his portable organ console and accompany the classic movies J. Searle Dawley’s Frankenstein (1910) and Buster Keaton’s The Haunted House (1921). In between he’ll have some fun and educational insights to share with the audience. Sounds Like fun! Be there~

Feb 7th – 6-8PM, 706 Fourth St, Lake Oswego. Contact April Younglove for more info: 503-534-5667 ayounglove@ci.oswego.or.us

Market Activity ~ Jan 23-29, 2023

Last week there were 10 properties entering the market (New), 7 accepted Offers (Pending) and 6 that Sold/Closed in Lake Oswego. Right now there are 88 homes available ranging from $229,900 to $9.9 mil.

Here is the breakdown of last week’s activity:

NEW Jan 23-29, 2023

AddressList PriceBedsBathsSFProp Type
44 EAGLE CREST DR #24$265,000321085CONDO
1600 ASPEN ST$575,00032.12212DETACHD
1448 GREENTREE CIR$945,00042.12649DETACHD
17390 GRANDVIEW CT$1,450,00044.24502DETACHD
21 D AVE #6$1,693,60022.11999CONDO
21 D AVE #3$1,850,40022.12178CONDO
21 D AVE #8$1,945,60022.12183CONDO
17173 CEDAR RD$2,350,00044.13996DETACHD
1956 HIGHLANDS LOOP$2,750,00054.14641DETACHD
17930 KELOK RD$3,849,90053.24715DETACHD

PENDING Jan 23-29, 2023

AddressList PriceBedsBathsSFProp TypeDays
16250 PACIFIC HWY #81$327,80011841CONDO99
19019 TERRY AVE$674,900321344DETACHD9
19176 SW BENFIELD AVE$749,900321538DETACHD3
1248 LARCH ST$750,000422347DETACHD6
13991 MAJESTIC CT$789,000321765DETACHD6
15684 BOONES WAY$815,00032.12425DETACHD97
21 D AVE #7$1,804,00022.12023CONDO434

SOLD Jan 23-29, 2023

AddressOpeningClosedBedsBathsSFProp TypeDays
4361 ALBERT CIR$919,000$752,50042.12382DETACHD118
16439 LEXINGTON CT$740,000$845,000221563DETACHD52
13659 WESTLAKE DR$1,625,000$1,550,00043.14422DETACHD122
141 FURNACE ST/Lower$1,750,000$1,615,00022.12249CONDO67
16873 CANYON DR$1,980,000$1,980,000443632DETACHD48
16885 FERNWOOD DR$2,149,000$2,149,00043.13753DETACHD43
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) .

Dec ’22+Year-End Report~Portland Neighborhood Stats + LO

Here you’ll find the overall Monthly Report plus year-end details and Neighborhood Stats as of Dec 31st, 2022, with Lake Oswego broken out below:

Overview/Fluctuations ~ December 31, 2022 – YEAR-END Market Data:

Inventory has risen substantially over December last year, and steadily in the last few months. Average & Median Values have risen by approx. $40,000 over last year, which is good, but not as substantial an annual increase as in the previous few years. Activity/Volume (Actives/Pendings/Solds) decreased across the board from the last year/2021 and mostly occurring in the last few months as an apparent reaction to rates.                                                                                                                                       

Rates: “Rates are still hovering in the lower 6% range. There has been less volatility lately which is a positive sign.” Gary Boyer, Regional VP, Directors Mortgage

The twelve months of 2022 compared to 2021: New Listings, (36,210) decreased 10.7%. Sales (26,852) decreased 24.2%, and Closed Sales (27,985) decreased 20.5%.         By Comparison, Twelve months of 2021 as compared to 2020 from last year’s December Report read: New Listings, (40,531) increased 5.4%. Pending Sales (35,405) increased 7.8%, and Closed  Sales (35,182) increased 9.8%.

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

  • There were 1,073 New Listings in Dec 2022 down 32.9% from 1,599 in Dec 2021 and down 35.6% from the previous month/Nov’s 1,666.
  • At 1,464 Dec 2022’s Closed Sales (Solds) are down 43.3% from Dec 2021’s 2,582, and down 9.7% from the previous month/Nov 2022’s total of 1,621.
  • At 1,206 Dec 2022’s Pending Sales (accepted Offers) are down 37.9% from Dec 2021’s 1,942, and also down 19.5% from the previous month/Nov’s total of 1,498.
  • The Average Sale Price for December 2022 of, $566,700 is down $16,200 from last year/Dec 2021’s $582,900, and down $17,900 from the previous month/Nov’s $584,600.  YTD Average is 610,900, up 6.8%  (+15.8% in 2021)
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in December 2022 of $507,500 is down $3,500 from last year/Dec 2021’s $511,000, and down $18,400 from the previous month’s $525,900.  YTD Median is 548,400, up 7.7%   (+15.7% in 2021)                    

Neighborhoods/Areas of Portland:

LAKE OSWEGO (December 2022):

142 Active Listings (Nov 173)
40 New Listings  (Nov 73)
35 Pending Sales (Nov 48)
59 Closed Sales  (Nov 69)
Average Sale Price for Nov: $820,200 (Nov $1,003,400)
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.
58 Days on the Market   (Nov 42)

Market Activity ~ Jan 9-15, 2023

Last week we saw 6 properties enter the market in Lake Oswego, 6 move to Pending status, and 3 Sold/Closed.

Right now there are 91 homes available in lake Oswego ranging from 229,900 to 9.9 mil.

Here is the breakdown according to RMLS:

NEW Jan 9-15, 2023

AddressList PriceBedsBathsSFProp Type
258 CERVANTES$559,90032.12312ATTACHD
15430 PARTRIDGE DR$746,50042.12279DETACHD
913 SUNNY HILL DR$1,250,00063.14196DETACHD
530 MIDDLECREST RD$1,659,000433280DETACHD
4694 UPPER DR$2,098,000333637DETACHD
1960 Mapleleaf RD$2,450,00055.14099DETACHD

PENDING Jan 9-15, 2023

AddressList PriceBedsBathsSFProp TypeDays
210 S STATE ST #5$365,000211339CONDO70
16 HOTSPUR ST$799,000432335DETACHD5
2845 VALE CT$800,000433157DETACHD101
3195 EDGEMONT RD$975,000321858DETACHD4
6545 CHILDS RD$1,199,90064.13508DETACHD28
789 E AVE$1,899,90032.12733DETACHD4

SOLD Jan 9-15, 2023

AddressOpeningClosedBedsBathsSFProp TypeDays
5 GOYA ST$680,000$665,50042.12586DETACHD39
2424 GREENTREE RD$729,000$735,00032.11944DETACHD17
4920 MULHOLLAND DR$805,000$775,00032.12498ATTACHD62
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) .

This Week in Lake Oswego


Here are my picks for what to do this week in Lake Oswego, either online or in person:

Mon, Jan 9, 2022 – 11:15 AM- 12:30PMLunch at the ACC (M/W/F)- Call (503) 635-3758 for reservations. Adult Community Center, 505 G Ave – For more info CLICK HERE

Tues, Jan 10, 2022 – 6:30PM-8:00PM – Pints from the Past (Part 3) ~ 3rd in the 3-part series on Georgiana Pittock and the Pittock family presented by Mary and Michael Hutchens  The Lake Theater &Cafe, 106 North State Street- More Info: CLICK HERE

Wed, Jan 11, 2022 – 10:00-11:30AM Geneology Interest Group~  Meet in person or online on the 2nd Wed of each month with others interested in geneology research. 505 G Ave – More Info + Link:  CLICK HERE

Thurs, Jan 12, 2022 – 7:00PM BIPOC Women’s Speaker Series at Mary’s Woods: Rep. Tawna Sanchez ~ In person at Mary’s Woods or live-streamed, enjoy this series featuring local BIPOC women as they answer the questions “What is your story? What are your passions?” ~ 17400 Holy Names Dr – More Info + Link:  CLICK HERE

Fri, Jan 13, 2022 – 7:00-9:00PM – Living Well Dance – featuring the Millennium Dance Band ~ Come dance! Dance music as performed by the “Big Bands” of the 1930’s, 40’s, and 50’s, with an occasional ballroom favorite. $7.00 at the door ~ CCP, 1060 Chandler Rd. – All ages are invited (14 and under w/an adult) – More Info: CLICK HERE

Sat, Jan 14, 2022 – 3:00-4:00PMLego Club- T (ages K-5) Every 2nd & 4th Saturday at the Lake Oswego Public Library downststairs. Build & create based on optional themes. Legos provided! – 380 A Ave – More Info :  CLICK HERE

Sun, Jan 15, 2022 -Martin Luther King Jr Celebration- 2:00PM – Join the community at Lake Oswego High School or online for this tribute featuring D.J Avalanche as M.C., a keynote address from Dr Shirley Jackson, Portland State University Professor with specializations in race, social movement and gender, Mayor Joe Buck, musical performances by premier male vocalist Alonzo Chadwick, Sr, and artwork created by community members. This will be followed by a car rally. ~   2501 Country Club Rd – More Info + Links: CLICK HERE

Market Activity ~ Dec 12, 2022 – Jan 1, 2023

Happy new Year! Here is a look at the last 3 weeks during the time we all withdraw focus from the rest of our lives and enjoy the holidays with family and friends. Real Estate is always happening even during the holidays, and/but tends to slow down a bit too. We’ve got 7 properties that entered the market, 10 that moved to Pending status, and 19 Closed/Sold. Right now there are 91 homes available in Lake Oswego ranging from $285,000 to $6.75 mil.

Here is the breakdown according to RMLS:

NEW Dec 12, 2022 – Jan 1, 2023

AddressList PriceBedsBathsSFProp Type
3930 LAKE GROVE AVE, #3B$275,00021952CONDO
211 CERVANTES$359,900221100CONDO
6545 CHILDS RD$1,199,90064.13508DETACHD
13052 KNAUS RD$1,400,000433026DETACHD
2671 GLEN EAGLES RD$1,895,000334014DETACHD
4340 CHAPMAN WAY$2,450,000544058DETACHD
4101 SOUTHSHORE BLVD$5,500,00055.15938DETACHD

PENDING Dec 12, 2022 – Jan 1, 2023

AddressList PriceBedsBathsSFProp TypeCDOM
16 SUMMIT RIDGE CT$454,90022.11576CONDO93
1475 CORNELL ST$650,000321599DETACHD103
2424 GREENTREE RD$729,00032.11944DETACHD17
4920 MULHOLLAND DR$785,00032.12498ATTACHD62
2350 SOUTHSHORE BLVD$926,00042.12236DETACHD52
1612 LAKE FRONT RD$950,000321831DETACHD51
17291 CEDAR RD$1,245,00054.12872DETACHD130
13659 WESTLAKE DR$1,590,00043.14422DETACHD122
17484 BRYANT RD$1,675,00043.13615DETACHD152
141 FURNACE ST/Lower$1,699,00022.12249CONDO67

SOLD Dec 12, 2022 – Jan 1, 2023

AddressOpeningClosedBedsBathsSFProp TypeCDOM
45 EAGLE CREST DR, #407$245,000$203,00021.11056CONDO48
86 CERVANTES CIR, #10B$240,000$238,00021.2912CONDO45
38 CERVANTES CIR$249,500$240,00021.1912CONDO5
3930 LAKE GROVE AVE, #3B$275,000$296,00021952CONDO163
201 CERVANTES / Lower$325,000$325,00021.11247CONDO6
11 SUMMIT RIDGE CT$475,000$420,00022.11576ATTACHD208
4226 WOODSIDE CIR$537,500$503,000321578ATTACHD67
1273 BOCA RATAN DR$450,000$525,000321398ATTACHD111
17050 TUALATIN ST$749,000$770,000331905DETACHD31
17810 KELOK RD$845,000$830,000321557DETACHD27
7200 CHILDS RD$950,000$850,000442988DETACHD248
16678 INVERURIE RD$810,000$855,000422666ATTACHD507
13248 ROGERS RD$1,299,000$1,125,00053.13107DETACHD1
1451 GREENTREE CIR$950,000$1,125,00043.12328DETACHD1
3056 WEMBLEY PARK RD$1,350,000$1,280,00042.12611DETACHD9
13371 ATWATER LN$1,899,000$1,583,000434795DETACHD32
13258 AMBER PL$2,295,000$1,775,00044.13735DETACHD3
732 ELLIS AVE$2,385,000$2,095,00042.13482DETACHD60
1625 CLOVERLEAF RD$2,450,000$2,149,000443853DETACHD3
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) .

Moving Into the New Year…

Moving into a New Year, Dianne and I wish you hopefully some extra time to relax with family and friends, and a festive & safe New Year’s Celebration as we welcome the wonders that 2023 will bring us all…(“What could it be???…so exciting!” : )

Happy New Year to all our Property Blotter readers! We’ll catch you up on all the Lake Oswego Real Estate Happenings next week.

Happy Holidays!

Whether you celebrate Christmas, Kwanzaa, Hanukkah, Solstice or a combination, Dianne and I wish you a peaceful & cozy holiday filled with warmth and loved-ones.

We’re taking a little break as we always do, and will catch you up with all the happenings in a couple of weeks.

Happy Holidays!

Linda and Dianne

November Numbers- Portland Real Estate Stats + LO

This is our monthly look at the overall Portland area and neighborhoods including Lake Oswego broken out below:

Overview/Fluctuations ~ November Market Data:

Inventory continues to increase and prices remain somewhat stable with many areas/neighborhoods of Portland rising from the previous month & some lowering a bit. Actual activity dropping in New Listings, Accepted Offers (Pendings) & Closed Sales from both the previous month (seasonal) & last year (likely adjusting for interest rate fluctuations).

“Real Estate remains the #1 asset class as a protection against inflation.” Brian Buffini

Rates: “Rates have been improving with inflation pressures easing. Right now 30-year fixed rates are in the low 6% range.” Gary Boyer, Regional VP, Directors Mortgage          

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

  • There were 1,666 New Listings in Nov 2022 down 25.3% from 2,229 in Nov 2021 and down 33.7% from the previous month/Oct’s 2,513.
  • At 1,621 Nov 2022’s Closed Sales (Solds) are down 42.8% from Nov 2021’s 2,832, and down 17.1% from the previous month/Oct 2022’s total of 1,955.
  • At 1,498 Nov 2022’s Pending Sales (accepted Offers) are down 43.7% from Nov 2021’s 2,660, and also down 18.4% from the previous month/Oct’s total of 1,835.
  • The Average Sale Price in November 2022 of, $584,600 is up $9,000 from last year/Nov 2021’s $575,600, and down $7,400 from the previous month/Oct’s $592,000.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in November 2022 of $525,900 is up $8,100 over last year/Nov 2021’s $517,800, and down $11,100 from the previous month’s $537,000.

LAKE OSWEGO (November 2022):

173 Active Listings (Oct 177)
73 New Listings  (Oct 101)
48 Pending Sales (Oct 93)
69 Closed Sales  (Oct 96)
Average Sale Price for Nov: $1,003,400 (Oct $933,800)
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.
42 Days on the Market   (Oct 38)