Market Activity ~ May 16-22, 2022

Last week we saw 29 properties enter the market, 18 move to Pending status, & 28 that Closed/Sold. Right now there are 85 lovely homes available in Lake Oswego ranging from $199,000 to $7.25 mil

Here is the breakdown according to RMLS:

NEW May 16-22, 2022

AddressList PriceBedsBathsSFProp Type
45 Eagle Crest Dr #504$240,00011768CONDO
45 SW EAGLE CREST DR #510$255,00011830CONDO
44 EAGLE CREST DR #34$295,000321085CONDO
196 CERVANTES$369,00021.11241CONDO
5062 FOOTHILLS DR, F$445,000221252CONDO
5650 CHILDS RD$599,900321980DETACHD
6030 SW SHAKESPEARE ST$669,000311056DETACHD
4753 SW DAWN ST$700,000321550DETACHD
1700 YARMOUTH CIR$725,000221477DETACHD
12038 SW ORCHARD HILL WAY$745,000322174DETACHD
4774 OAKRIDGE RD$749,900312104DETACHD
570 2ND ST$750,00022.11464ATTACHD
3205 EDGEMONT RD$774,90032.12028DETACHD
2736 SW ORCHARD HILL PL$849,00032.12556DETACHD
15213 CANDLEWOOD CT$950,00042.12757DETACHD
12431 SW ORCHARD HILL RD$960,00043.12724DETACHD
5563 BAY CREEK DR$995,00042.12913DETACHD
4 SCARBOROUGH DR$998,00042.13233DETACHD
4331 SUNDEW CT$1,099,00032.12790DETACHD
15569 VILLAGE PARK CT$1,150,00032.12755DETACHD
16018 WALUGA DR$1,150,000422200DETACHD
19330 RIVER RUN DR$1,175,000443786DETACHD
13324 BOONES FERRY RD$1,195,00042.13386DETACHD
208 DURHAM ST$1,250,000422792DETACHD
2886 UPPER DR$1,290,000432674DETACHD
17953 SAINT CLAIR DR$1,299,90073.15438DETACHD
642 8TH ST$1,995,00042.23293DETACHD
530 MIDDLECREST RD$2,098,000333084DETACHD
697 LAKE BAY CT$2,595,00044.13715DETACHD

PENDING May 16-22, 2022

AddressList PriceBedsBathsSFProp TypeDays
100 KERR PKWY #54$173,00011617CONDO5
45 SW EAGLE CREST DR #510$255,00011830CONDO2
4000 CARMAN DR #3$279,00011836CONDO3
4 TOUCHSTONE #77$330,00032.11351CONDO8
6331 SHAKESPEARE ST$519,90031.1992DETACHD30
18963 SW LONGFELLOW AVE$649,00031.11232DETACHD6
43 LADD ST$699,500522632DETACHD7
16393 KIMBALL ST$705,000321522DETACHD4
19125 LONGFELLOW AVE$715,000422227DETACHD6
22 JUAREZ ST$950,00042.13096DETACHD5
13865 TAYLORS CREST LN$950,00042.12532DETACHD18
5563 BAY CREEK DR$995,00042.12913DETACHD3
4 SCARBOROUGH DR$998,00042.13233DETACHD3
5674 Charles CIR$1,050,00042.12632DETACHD5
14061 TAYLORS CREST LN$1,199,00042.12942DETACHD6
2886 UPPER DR$1,290,000432674DETACHD2
362 9TH ST$1,350,00032.12018DETACHD64
224 IRON MOUNTAIN BLVD$1,795,000432964DETACHD4

SOLD May 16-22, 2022

AddressOpeningClosedBedsBathsSFProp TypeDays
4631 Lakeview BLVD / Grnd$239,000$210,00011753CONDO69
45 EAGLE CREST DR #211$249,900$225,000221046CONDO89
3433 MCNARY PKWY #208$299,000$336,000221008CONDO3
182 OSWEGO SMT / Upper$290,000$345,000221516CONDO4
86 KINGSGATE RD D105$349,950$347,50022924CONDO9
3920 CARMAN DR$419,900$385,00022.11098CONDO15
4000 CARMAN DR C49$375,000$400,00011.11004CONDO7
668 MCVEY AVE #10$540,000$540,00031992CONDO44
668 MCVEY AVE #63$575,000$575,00021852CONDO21
114 TOUCHSTONE TER$640,000$580,500331964ATTACHD23
4752 REMBRANDT LN$700,000$700,00032.11641DETACHD6
135 KINGSGATE RD$699,000$775,00032.11720DETACHD6
36 GREENRIDGE CT$795,000$810,000432250ATTACHD35
19 WALKING WOODS DR$749,900$850,000322513DETACHD4
1825 CEDAR CT$700,000$870,000321664DETACHD3
762 9TH ST$799,500$910,000221281DETACHD4
1435 GREENTREE CIR$899,000$915,00042.12269DETACHD8
12860 SIERRA VISTA DR$880,000$1,110,000322307DETACHD2
126 DEL PRADO ST$985,000$1,150,00053.13932DETACHD4
19653 RIVER RUN DR$1,088,000$1,225,70042.12617DETACHD4
5542 DUNMIRE DR$1,015,000$1,254,00042.13256DETACHD4
5175 SW FIRWOOD RD$1,199,999$1,265,000322117DETACHD4
364 NORTHSHORE RD$1,200,000$1,350,000322066DETACHD1
4867 UPPER DR$1,349,000$1,375,000532956DETACHD5
18058 PILKINGTON RD$1,538,999$1,608,999433225DETACHD3
17448 OAK MEADOW LN$1,520,000$1,745,00042.13380DETACHD3
3115 WEMBLEY PARK RD$2,000,000$2,150,00043.13800DETACHD8
17230 Lake Haven DR$2,100,000$2,300,00032.13766DETACHD6
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) .

Market Activity May 9-15, 2022

May and June are the peak of the annual real estate market. Yards are in bloom and people are still in town, not to mention that it makes sense to move during summer school break. It’s a great time of year to sell your house.

In Lake Oswego last week we had 39 properties go onto the market, 10 of which went into pending status the same week. There were 13 properties that went pending, and 20 sold/closed sales.

See below for RMLS data.

New on the Market May 9-15, 2022

AddressTypePriceBRBathsSq Ft
100 Kerr Pkwy #54Condo$173,00011617
4 Touchstone #77Condo$245,00032.51351
38 Oswego SummitCondo$289,500221140
18963 Longfellow AveDetached$649,00031.51232
43 Ladd StDetached$699,500322632
16393 Kimball StDetached$705,000321522
19125 Longfellow AveDetached$715,000422227
1249 Larch StDetached$899,000443654
22 Juarez StDetached$950,00042.53096
4201 Cobb WayDetached$950,000432242
21 TouchstoneDetached$959,90042.51918
5674 Charles CircleDetached$1,050,00042.52632
4581 Heritage LnDetached$1,088,00032.52632
5336 Lower DrDetached$1,095,00032.52549
14061 Taylors Crest LnDetached$1,199,00042.52942
4222 Cobb WayDetached$1,295,000432243
4146 Chad DrDetached$1,395,00042.53707
873 Country CommonsDetached$1,510,000433609
138 Del Prado StDetached$1,675,000$544500
224 Iron Mountain BlvdDetached$1,795,000432964
1025 Schukart LnDetached$2,050,000434233
1425 Maple StDetached$2,235,00043.53583
14383 Fosberg RdDetached$2,250,00043.54543
13258 Amber PlDetached$2,395,00044.53735
864 6th StDetached$3,195,00054.55266
755 Ellis AveDetached$3,600,00054.54966
3012 Lakeview BlvdDetached$5,850,00054.55957
4948 Hampton CtDetached$1,100,00023.53434
2855 Upper DrDetached$1,195,000221932

Pending Sales May 9-15,2022

AddressTypePriceBRBathsSq FtCDOM
45 Eagle Crest Dr #405Condo$195,00021.5105647
86 Kingsgate Rd E103Condo$370,000229245
164 Kingsgate RdDetached$689,0003217815
17311 Mandi LnDetached$695,00042.517796
1797 Fern PlDetached$714,9003217272
18440 Sandpiper CircleDetached$789,0003214474
4133 Milissa DrDetached$995,00042.528721
4089 Orchard WayDetached$995,00042.527433
10 Morningview LnDetached$1,049,90043.5384811
19652 River Rn DrDetached$1,088,00042.526174
15804 Allison PlDetached$1,350,00042.5366232
1041 C AveDetached$2,095,00054.532912
4235 Lords LnDetached$2,500,00043.537053

Sold/Closed Properties May 9-15, 2022

AddressTypeList PriceSold PriceSq FeetDOM
45 Eagle Crest Dr #309Condo$259,900$229,900105628
4 Touchstone #69Condo$239,900$235,000135129
3970 Carman DrCondo$434,000$434,00011975
3924 Carman DrCondo$435,000$437,000113915
24 Condolea DrCondo$469,000$487,0001,4484
16 Oriole LnDetached$599,950$541,000152047
4 Preakness CtAttached$650,000$625,000198536
16053 Lake Forest BlvdDetached$799,950$890,00021003
920 Capilano CtDetached$999,000$1,030,00028873
16525 Glenwood CtDetached$890,000$1,050,00022984
2 Westminster DrDetached$875,000$1,070,000282260
2525 Dellwood DrDetached$950,000$1,150,00028364
26 Briarwood RdDetached$1,279,000$1,259,000255419
38 Briarwood RdDetached$1,279,000$1,280,000255421
14190 Taylors Crest LnDetached$1,299,000$1,350,00029614
19428 35th CtDetached$1,070,000$1,350,00029614
19505 Olson AveDetached$1,250,000$1,400,00030222
217 5th StDetached$1,149,000$1,425,00021741
17897 Sundown CtDetached$1,750,000$1,690,000375545
324 9th StDetached$1,695,000$1,800,00027433

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.

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

AddressList PriceBedsBathsSFProp Type
47 EAGLE CREST DR #37$229,00011672CONDO
47 EAGLE CREST DR #20$280,000211009CONDO
86 KINGSGATE RD E103$370,00022924CONDO
2 MOUNTAIN CIR$499,00021.11372ATTACHD
4363 WOODSIDE CIR$581,950321532ATTACHD
16661 LAKE FOREST BLVD$585,00031936DETACHD
164 KINGSGATE RD$689,000321781DETACHD
17311 MANDI LN$695,00042.11779DETACHD
18440 SANDPIPER CIR$789,000321447DETACHD
343 3RD ST$935,00033.12101ATTACHD
4089 ORCHARD WAY$995,00042.12743DETACHD
19653 RIVER RUN DR$1,088,00042.12617DETACHD
13865 TAYLORS CREST LN$1,100,00042.12532DETACHD
19460 SW EASTSIDE RD$1,299,00053.24521DETACHD
5006 UPPER DR$1,499,90043.13284DETACHD
2671 GLEN EAGLES RD$1,895,000334014DETACHD

PENDING May 2-8, 2022

AddressList PriceBedsBathsSFProp TypeDays
45 EAGLE CREST DR #316$200,00011600CONDO168
47 EAGLE CREST DR #37$229,00011672CONDO0
45 EAGLE CREST DR #211$239,900221046CONDO89
47 EAGLE CREST DR #20$280,000211009CONDO3
3920 CARMAN DR$419,90022.11098CONDO15
1531 BONNIEBRAE DR$489,90031.11303ATTACHD32
2 MOUNTAIN CIR$499,00021.11372ATTACHD4
1674 FIRCREST DR$649,000421998DETACHD5
66 Wheatherstone$650,00043.12500CONDO8
5970 KENNYCROFT WAY$650,000321212DETACHD5
5342 BONITA RD$699,90031.11392DETACHD21
5710 WINDFIELD LOOP$699,900331822DETACHD6
36 GREENRIDGE CT$794,900432250ATTACHD35
5875 BONITA RD$839,00063.12650DETACHD24
17423 SCHALIT WAY$849,00042.12442DETACHD6
1299 HIDE A WAY LN$849,900321893DETACHD10
5750 WASHINGTON CT$869,00032.12430DETACHD4
4686 WINTHROP CT$895,00042.12238DETACHD3
343 3RD ST$935,00033.12101ATTACHD3
17865 SARAH HILL LN$1,099,95042.12871DETACHD5
5175 SW FIRWOOD RD$1,199,999322117DETACHD4
820 FAIRWAY RD$1,930,00043.13758DETACHD2
4460 UPPER DR$2,604,46043.14081DETACHD39
548 RIDGEWAY RD$2,995,000533498DETACHD32

SOLD May 2-8, 2022

AddressOpeningClosedBedsBathsSFProp TypeDays
668 MCVEY AVE #15$224,900$224,90011636CONDO2
47 EAGLE CREST DR #7$259,900$270,00021932CONDO4
47 EAGLE CREST DR #13$259,000$278,00021932CONDO27
317 CERVANTES / Grnd$330,000$382,000221209CONDO21
5838 LANGFORD LN$699,000$691,000331811DETACHD3
4813 REDWING WAY$699,900$745,000422092DETACHD2
17721 ARBOR LN$785,000$800,000321521DETACHD4
181 3RD ST #5$995,000$987,987221523CONDO4
1432 GREENTREE CIR$859,900$1,002,000432792DETACHD5
18108 HOBBIT CT$1,289,000$1,289,00032.13780DETACHD6
3781 TEMPEST DR$1,250,000$1,300,00042.13927DETACHD4
5863 SUNCREEK DR$1,295,000$1,570,000333302DETACHD1
603 ATWATER RD$1,750,000$1,720,00043.13430DETACHD4
4579 UPPER DR$2,250,000$2,250,00043.13701DETACHD3
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) .

Market Activity April 30-May 1, 2022

Last week in Lake Oswego we had 18 new listings, 10 of which are now in pending status, 25 properties that accepted offers and went pending, and 18 sold/closed sales.

See below for RMLS data.

New on the Market April 30-May 1 2022

AddressTypePriceBRBathsSq Ft
4 Touchstone #119Condo$239,900321351
66 WheatherstoneCondo$650,00043.52500
1299 Hide A Way LnDetached$849,900321893
10 Morningview LnDetached$1,049,00043.53848
13300 Fox RunDetached$1,495,00052.54484
17766 Marylcreek DrDetached$1,499,90043.54470
5030 Firwood RdDetached$2,950,000544017
3015 Wembley Park RdDetached$3,500,00054.55211

Pending Sales April 30-May 1, 2022

AddressTypePriceBRBathsSq FtCDOM
44 Eagle Crest Dr #10Condo$210,000117982
4631 Lakeview BlvdCondo$210,000117530
3433 McNary Pkwy #208Condo$299,0002210083
520 S State StCondo$339,0002191415
200 Burnham Rd #406Condo$340,00021119919
210 Oswego SummitCondo$395,5002215065
24 Condolea DrCondo$469,0002214484
16 Oriole LnDetached$499,95022144819
4206 Woodside CirAttached$529,0003217997
10 Eagle Crest DrDetached$599,00032.518854
1825 Cedar CtDetached$700,0003116643
4752 Rembrandt LnDetached$700,00032.516416
5497 Willow CtAttached$749,90032.5242756
18413 Deer Oak CirDetached$764,0004218666
13855 Verte CtDetached$774,90032.5183522
762 9th StDetached$799,5002212814
12860 Sierra Vista DrDetached$880,0003223072
3130 Duncan DrDetached$899,00063.530072
13160 Princeton CtDetached$949,00042.532522
355 6th StAttached$975,00033.523623
5542 Dunmire DrDetached$1,015,00042.532564
217 5th StDetached$1,149,00032.521741
364 Northshore RdDetached$1,200,0003220661
324 9th StDetached$1,695,00032.527433
15825 Oswego Shore CtDetached$2,998,00033.5431712

Sold/Closed April 30-May 1, 2022

AddressTypeList PriceSold PriceSq FeetDOM
47 Eagle Crest Dr #16Condo$239,000$230,00093232
213 CervantesCondo$329,000$325,000121626
211 CervantesCondo$339,000$339,000110012
3958 Carman DrCondo$424,900$450,000113315
6321 Alyssa TerrAttached$499,900$508,0001,5465
5211 Madrona StDetached$574,900$600,00020428
2091 Bonniebrae DrAttached$625,000$650,00017926
6240 Shakespeare StDetached$625,000$697,50012384
4958 Galen StDetached$729,000$740,000201419
2542 Orchard Hill LnDetached$790,000$975,00017544
1004 Cumberland PlDetached$1,100,000$1,125,00033134
1909 Palisades TerraceDetached$1,150,000$1,240,00031003
13483 Snowberry CtDetached$1,150,000$1,350,00035183
4168 Chad DrDetached$1,249,000$1,450,00037442
1000 Upper Devon LnDetached$1,695,000$1,600,000353526
1979 County Club RdDetached$1,599,000$1,800,00041431
13744 Knaus RdDetached$1,850,000$1,850,000458735
13636 Goodall RdDetached$2,395,000$2,395,00043487

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

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)

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

AddressList PriceBedsBathsSFProp Type
1979 COUNTRY CLUB RD$299,000221008CONDO
4405 THUNDER VISTA LN$395,500221506CONDO
3970 CARMAN DR$419,90022.11098CONDO
32 CONDOLEA DR / Grnd$434,00022.11197CONDO
210 OSWEGO SMT #210$469,000221448CONDO
1875 CREST DR$472,50022.11922CONDO
6331 SHAKESPEARE ST$519,90031.1992DETACHD
670 1ST ST$525,000221420CONDO
18554 HALLBERG CT$529,000321799ATTACHD
355 6TH ST$599,00032.11885DETACHD
3433 MCNARY PKWY #208$675,000321656DETACHD
3920 CARMAN DR$699,90031.11220DETACHD
5542 DUNMIRE DR$764,000421866DETACHD
18413 DEER OAK CIR$799,500221281DETACHD
762 9TH ST$829,00042.12252DETACHD
18084 WESTMINSTER DR$975,00033.12362ATTACHD
2088 CREST DR$1,015,00042.13256DETACHD
4206 WOODSIDE CIR$1,259,00032.12767CONDO
17596 OAK MEADOW LN$1,549,00053.15020DETACHD
5172 GREENSBOROUGH CT$1,599,00055.14143DETACHD
24 CONDOLEA DR / Grnd$1,599,00032.12844DETACHD
10 EAGLE CREST DR$1,995,00043.13957DETACHD
1474 GREENTREE CIR$7,250,00046.18259DETACHD

PENDING Apr 18-24, 2022

AddressList PriceBedsBathsSFProp TypeDays
4 TOUCHSTONE #69$239,90032.11351CONDO29
47 EAGLE CREST DR #7$259,90021932CONDO4
182 OSWEGO SMT / Upper$290,000221516CONDO4
3970 CARMAN DR$434,00022.11197CONDO5
5073 W SUNSET DR$515,00022.11720ATTACHD6
668 MCVEY AVE #63$575,00021852CONDO21
135 KINGSGATE RD$699,00032.11720DETACHD6
18554 HALLBERG CT$699,90031.11220DETACHD3
19 WALKING WOODS DR$749,900322513DETACHD4
181 3RD ST #5$995,000221523CONDO4
670 1ST ST$1,259,00032.12767CONDO2
17596 OAK MEADOW LN$1,599,00032.12844DETACHD2
17600 UPPER CHERRY LN$2,100,00043.13905DETACHD324

SOLD Apr 18-24, 2022

AddressOpeningClosedBedsBathsSFProp TypeDays
100 KERR PKWY #52$229,000$170,00011617CONDO9
3930 LAKE GROVE AVE #2A$249,000$275,00021956CONDO4
3433 MCNARY PKWY #107$289,500$307,000221008CONDO3
224 RIDGEWAY RD / Upper$325,000$333,00011756CONDO6
5626 FERNBROOK WAY$574,960$610,00031.11250DETACHD2
5832 BENFIELD CT$575,000$634,00031.11336DETACHD4
1474 GREENTREE CIR$675,000$675,000321656DETACHD0
4200 OLD GATE RD$550,000$685,00031.11453DETACHD4
852 5TH ST$675,000$700,00021738DETACHD2
17763 MARDEE AVE$741,900$724,000532110DETACHD19
13700 PROVINCIAL HILL DR$725,000$800,00042.12078DETACHD2
12962 KNAUS RD$829,000$835,35032.11952DETACHD268
14 PARTRIDGE LN$668,000$838,000332658DETACHD5
4870 CENTERWOOD ST$839,900$840,00042.12434DETACHD5
17101 CAMPUS WAY$865,000$875,000433367DETACHD8
1150 GREENTREE RD$965,000$1,025,00041.22703DETACHD5
14580 UPLANDS DR$925,000$1,230,000332120DETACHD4
1001 CEDAR ST$1,495,000$1,340,00043.12572DETACHD14
1050 SCHUKART LN$1,399,900$1,455,00043.15847DETACHD4
4030 CANAL WOODS CT$1,380,000$1,500,000544103DETACHD4
734 CARRERA LN$1,295,000$1,510,00042.13898DETACHD4
1875 CREST DR$1,995,000$1,995,00043.13957DETACHD0
13725 CAMEO CT$2,450,000$2,300,00054.14984DETACHD14
1075 LAKE FRONT RD$5,500,000$5,300,00054.14562DETACHD0
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) .

Market Activity April 11-17, 2022

Last week in Lake Oswego we had 13 new listings, 5 of which sold quickly and are reflected here in pending status, 27 properties that accepted offers and went pending, and 16 sold/closed homes.

See below for RMLS data.

New listings April 11-17, 2022

AddressTypePriceBRBathsSq Ft
200 Burnham Rd #406Condo$340,000211199
520 State StCondo$395,00021914
5073 W Sunset DrAttached$515,00022.51720
256 CervantesAttached$548,90722.51984
5875 Bonita RdDetached$955,00063.52650
15825 Oswego Shore CtDetached$2,998,00033.54317
13132 Thoma RdDetached$3,650,00055.55434
3232 Lakeview BlvdDetached$7,200,00045.58170

Pending Sales April 11-17, 2022

AddressTypePriceBRBathsSq FtCDOM
244 Ridgeway RdCondo$319,000117533
317 CervantesCondo$330,00022120921
211 CervantesCondo$339,00022110012
86 Kingsgate Rd D105Condo$349,950229249
4000 Carman Dr #C49Condo$375,00011.510047
3924 Carman DrAttached$435,00022.5113915
6025 Kenny StDetached$599,00031.512544
6240 Shakespeare StDetached$625,0003212384
114 Touchstone TerrAttached$640,00033196423
5838 Langford LnDetached$699,0003318113
1960 Mapleleaf RdDetached$724,9003214522
18 Northview CtAttached$750,00033.527179
2 Westminster DrDetached$865,00043282260
16525 Glenwood CtDetached$890,00032.522984
1435 Greentree CirDetached$899,00042.522698
14580 Uplands DrDetached$925,0003321204
2525 Dellwood DrDetached$950,0005328364
126 Del Prado StDetached$985,00053.539324
38 Briarwood RdDetached$1,199,0004325544
14190 Taylors Crest LnDetached$1,299,00052.529614
4867 Upper DrDetached$1,349,0005329565
17448 Oak Meadow LnDetached$1,520,00042.533803
18058 Pilkington RdDetached$1,538,9994332253
603 Atwater RdDetached$1,750,00043.534304
1415 Horseshoe CurveDetached$2,095,00043.5381610
17230 Lake Haven DrDetached$2,100,00032.537666
6319 Washington CtDetached$2,200,0004438543

Sold/Closed April 11-17, 2022

AddressTypeList PriceSold PriceSq FeetDOM
16250 Pacific Hwy #44Condo$387,000$387,000130510
34 Condolea DrCondo$475,000$473,750142055
4434 Thunder Vista LnCondo$479,000$488,06520404
71 Greenridge CtAttached$599,000$610,00020043
4902 Childs RdDetached$700,000$705,9141,3704
1210 Pine StDetached$675,000$750,00017205
23 TouchstoneDetached$924,900$930,00031697
14179 Sundeleaf DrDetached$849,900$1,000,00026173
5554 Luce LnDetached$998,900$1,110,00032693
2095 Ridge Pointe DrDetached$1,085,000$1,265,00037484
1640 Oak StDetached$1,160,000$1,300,00033013
2612 Rivendell RdDetached$1,389,900$1,625,00035214
18024 Eastridge LnDetached$1,289,000$1,738,4473781580
1949 Cheryl CtDetached$1,750,000$2,080,00050114
18137 Meadowlark LnDetached$1,999,500$2,360,00053062
15012 Twin Fir RdDetached$2,395,000$2,599,0003897187

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.

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

AddressList PriceBedsBathsSFProp Type
4 TOUCHSTONE #124$320,00032.11351CONDO
86 KINGSGATE RD, D105$349,95022924CONDO
4000 CARMAN DR, C49$375,00011.11004CONDO
6025 KENNY ST$599,00031.11254DETACHD
1726 CONIFER DR$689,000521800DETACHD
4813 REDWING WAY$699,900422092DETACHD
18 NORTHVIEW CT$750,00033.12717ATTACHD
13855 VERTE CT$799,90032.11835DETACHD
16053 LAKE FOREST BLVD$799,950422100DETACHD
16525 GLENWOOD CT$890,00032.12298DETACHD
1435 GREENTREE CIR$899,00042.12269DETACHD
14580 UPLANDS DR$925,000332120DETACHD
2525 DELLWOOD DR$950,000532836DETACHD
126 DEL PRADO ST$985,00053.13932DETACHD
920 CAPILANO CT$999,00032.12887DETACHD
1909 PALISADES TERRACE DR$1,150,00033.13100DETACHD
19505 OLSON AVE$1,250,00052.13022DETACHD
14190 TAYLORS CREST LN$1,299,00052.12961DETACHD
4867 UPPER DR$1,349,000532956DETACHD
15804 ALLISON PL$1,538,00042.13662DETACHD
18058 PILKINGTON RD$1,538,999433225DETACHD
603 ATWATER RD$1,750,00043.13430DETACHD
17600 UPPER CHERRY LN$2,100,00043.13905DETACHD
17230 Lake Haven DR$2,100,00032.13766DETACHD
6319 WASHINGTON CT$2,200,000443854DETACHD

PENDING April 4-10, 2022

AddressList PriceBedsBathsSFProp TypeDays
4 SW TOUCHSTONE DR #150$220,00022984CONDO59
668 MCVEY AVE #15$224,90011636CONDO2
45 EAGLE CREST DR #309$229,900221056CONDO28
47 EAGLE CREST DR #13$275,00021932CONDO27
3958 CARMAN DR / Grnd$434,90022.11133CONDO15
6321 ALYSSA TER$515,00032.11546ATTACHD5
668 MCVEY AVE #63$575,00021852CONDO7
2091 BONNIEBRAE DR / Grnd$625,00032.11792CONDO6
4 PREAKNESS CT$650,000321985ATTACHD36
14 PARTRIDGE LN$668,000332658DETACHD5
4813 REDWING WAY$699,900422092DETACHD2
17721 ARBOR LN$785,000321521DETACHD4
2542 SW ORCHARD HILL LN$790,000321754DETACHD4
16053 LAKE FOREST BLVD$799,950422100DETACHD3
1432 GREENTREE CIR$859,900432792DETACHD5
17101 CAMPUS WAY$865,000433367DETACHD8
920 CAPILANO CT$999,00032.12887DETACHD3
14760 UPLANDS DR$999,000432772DETACHD6
1909 PALISADES TERRACE DR$1,150,00033.13100DETACHD3
26 BRIARWOOD RD$1,249,000432554DETACHD19
19505 OLSON AVE$1,250,00052.13022DETACHD2
3781 TEMPEST DR$1,250,00042.13927DETACHD4
734 CARRERA LN$1,295,00042.13898DETACHD4
17897 SUNDOWN CT$1,675,000533755DETACHD45
13636 GOODALL RD$2,395,00044.14380DETACHD7
13078 FIELDING RD$2,795,000433596DETACHD161
15508 DIAMOND HEAD RD$3,480,000343900DETACHD227
14390 UPLANDS DR$5,795,00044.17839DETACHD21

SOLD April 4-10, 2022

AddressOpeningClosedBedsBathsSFProp TypeDays
15483 Brianne CT$415,000$440,00022.11208ATTACHD2
210 S STATE ST #7$449,900$485,000321302CONDO4
6025 CARMAN DR$699,900$690,000321641DETACHD4
1625 MEADOWS DR$750,000$810,000421672DETACHD4
412 LIVINGOOD LN$1,072,698$989,25552.13880DETACHD10
17348 HUNTER CT$929,000$1,005,00032.13112DETACHD4
15562 HERITAGE CT$864,000$1,198,32342.12338DETACHD5
928 LAKE FRONT RD$1,299,900$1,405,000432468DETACHD6
3938 EDENS EDGE DR$1,450,000$1,662,00043.13880DETACHD4
411 RIDGEWAY RD$1,725,000$1,800,00032.13291DETACHD3
13041 KNAUS RD$4,198,000$3,650,00044.14924DETACHD91
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.

Market Activity March 21-April 3, 2022

This week’s report covers two weeks. During the previous two weeks Lake Oswego had 28 new listings, 24 move into pending status, and 25 closed sales. Those are very balanced numbers. I don’t recall a week with more new listings than pending in at least a year.

See below for RMLS data.

New listings March 21-April 3, 2022

AddressTypePriceBRBathsSq Ft
45 Eagle Crest Dr #405Condo$195,000211056
45 Eagle Crest Dr #316Condo$200,00011600
4 Touchstone #69Condo$239,90032.51351
45 Eagle Crest Dr #407Condo$259,00021.51056
47 Eagle Crest Dr #13Condo$275,00021932
317 CervantesCondo$330,000221100
211 CervantesCondo$339,000221209
3958 Carman DrCondo$439,90022.51133
1531 BonniebraeAttached$489,90031.51303
6321 Alyssa TerrAttached$515,00032.51546
668 McVey Ave #63Condo$575,00021852
2091 Bonniebrae DrCondo$625,00032.51792
114 Touchstone TerrAttached$640,000331964
14 Partridge LnDetached$668,000332658
3797 Lanewood StDetached$750,000312560
36 Greenridge CtAttached$795,000432250
18975 Olson AveDetached$890,000633569
14760 Uplands DrDetached$999,000432772
16205 Matthew CtDetached$1,550,001$43.54278
17897 Sundown CtDetached$1,675,000533755
1415 Horseshoe CurveDetached$2,095,00044.53816
13636 Goodall RdDetached$2,395,00044.14380
4460 Upper DrDetached$2,700,00043.54081
1777 Skyland DrDetached$2,950,00043.54871
548 Ridgeway RdDetached$3,195,000533498
13800 Goodall RdDetached$4,350,00066.56590
Goodall RdDetached$4,395,00054.55928
Goodall RdDetached$4,695,00055.55969

Pending Sales March 21- April 3, 2022

AddressTypePriceBRBathsSq FtCDOM
100 Kerr Pkwy #52Condo$229,000116179
47 Eagle Crest Dr #16Condo$235,0002193232
3930 Lake Grove Ave 2ACondo$249,000219564
45 Eagle Crest Dr #513Condo$253,30021.5105647
3433 McNary Pkwy #107Condo$289,5002210083
224 Ridgeway RdCondo$325,000117566
213 CervantesCondo$329,00021.512162
3924 Carman DrAttached$435,00022.511394
668 McVey Ave #10Condo$540,0003199244
5211 Madrona StDetached$574,9003220428
5626 Fernbrook WayDetached$574,96031.512502
5832 Benfield CtDetached$575,00031.513364
852 5th StDetached$675,000217382
1210 Pine StDetached$675,00031.517205
4902 Childs RdDetached$700,00031.513704
4958 Galen StDetached$729,00032.520146
13581 Fielding RdDetached$1,100,0004221524
13483 Snowberry CtDetached$1,150,00042.535183
4168 Chad DrDetached$1,249,00043.537442
5863 Suncreek DrDetached$1,295,0003333021
1000 Upper Devon LnDetached$1,695,00043.5353526
503 Laurel StDetached$1,750,00043.53169254
4579 Upper DrDetached$2,250,00043.537013
4947 Park Bluff PlDetached$2,400,00044.542920

Sold/Closed March 21-April 3, 2022

AddressTypeList PriceSold PriceSq FeetDOM
4 Touchstone #101Condo$268,000$295,00014563
19 Crestfield CtCondo$310,000$322,0009213
200 Burnham Rd #208Condo$347,500$347,50013202
5225 Jean Rd #309Condo$360,000$362,000110020
390 Carman DrCondo$415,900$401,0001,09821
143 Church StDetached$700,000$550,0001220$60
9 Bloch TerAttached$599,900$637,50010467
27 Aquinas StDetached$599,900$665,00015304
1726 Conifer DrDetached$689,000$689,00018000
230 Laurel StDetached$661,900$701,25013392
67 Condolea TerrCondo$675,000$736,00024092
353 3rd StAttached$909,000$905,00020447
4144 Sunset DrDetached$950,000$960,00026324
86 Tanglewood DrDetached$885,000$1,085,00031924
1805 Glenmorrie TerrDetached$1,075,000$1,150,00027984
12715 Adrian CtDetached$1,150,000$1,200,00030033
2650 Overlook DrDetached$1,250,000$1,262,000303012
5959 Suncreek DrDetached$1,150,000$1,350,00033155
12975 Elk Rock RdDetached$1,379,000$1,405,0004569235
735 7th StDetached$1,725,000$1,900,00030735
6031 Seville AveDetached$550,000$1,900,61130735
13348 Leslie CtDetached$1,750,000$2,000,0003,8631
16881 Canyon DrDetached$2,799,000$2,850,00038881
2520 Southshore BlvdDetached$3,275,000$3,275,00044920
5185 Carman DrDetached$3,650,000$3,400,0006500360

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.

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)