News & Notes ~ March 2021 Numbers

Here is your wider Portland Market Report according to RMLS data, with overall Neighborhood changes and Lake Oswego data broken out below.

Overview/Fluctuations ~  Market Data March 2021:                                              

Low Inventory continues to be the driver of competition in the greater Portland area where we see price increases in most neighborhoods/areas from the prior month & all areas increasing over 2020. (See below for breakdown). Comparing 2021 to the same period in 2020 thru March, Overall Average Price has increased 16.6% and Median Price 14.9%.

My trusted Mortgage Advisors say Mortgage rates are hovering around 3.125%. This rate varies and can be reduced with a buy-down, or affected by individual qualifiers. I’m happy to connect you with someone to discuss your particular situation.         

According to the RMLS Market Action Report  for the Portland Metro Area, March 2021:

  • There were 3,465 New Listings in March 2021 decreased only slightly at 0.1% from March 2020’s 3,468 and increased 40.1% from the previous month/February’s 2,474.
  • At 2,556, March 2021’s Closed Sales are up 8.5% from March 2020’s 2,356, and also up 29.2% from the previous month/February’s total of 1,978
  • At 3,346, March 2021’s Pending Sales increased 42.6% from March 2020’s 2,347, and also jumped up by 51.5% from the previous month/February’s total of 2,208.
  • The Average Sale Price in March 2021 of $554,300 is up $88,800 from last year/March2020’s $465,500, and up $12,300. from the previous month/February’s $542,000.   
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in March 2021 of $488,000 rose $63,000 from last year/March 2020’s $425,000, and also increased $8,900 from the previous month/February’s $479,100.

LAKE OSWEGO

The combined areas of Lake Oswego and West Linn for the month of March 2021 reported:

  • 112 Active Listings (Feb 82)
  • 188 New Listings    (Feb 97)
  • 156 Pending Sales (Feb 92)
  • 112 Closed Sales    (Feb 92)
  • Average Sale Price for Mar: $944,100  (Feb $876,900)
    • 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.
  •  77 Average Days on the Market   (Feb 77)

Market Activity ~ April 5-11, 2021

NEW April 5-11, 2021

AddressList Price# Beds# BathsTotal SFProp Type
526 S State ST  5A$314,95021914CONDO
225 CERVANTES$319,00021.11216CONDO
3101 MCNARY PKWY  #6$399,90032.11532CONDO
76 GREENRIDGE CT$674,90043.12868ATTACHD
16041 WALUGA DR$679,000421982DETACHD
9 FALSTAFF ST$759,00042.12436DETACHD
18634 Bryant RD$775,00032.12858DETACHD
19233 INDIAN SPRINGS RD$799,95044.13423DETACHD
537 COUNTRY CLUB RD$849,000321901DETACHD
100 LEONARD ST, Upper Lvl$965,00032.12482CONDO
524 WEIDMAN CT$979,00042.13450DETACHD
6 DOVER WAY$1,795,00043.14499DETACHD
17979 S CRESTLINE DR$3,045,000434858DETACHD

PENDING April 5-11, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
366 CERVANTES CIR$210,00021832CONDO2
4 TOUCHSTONE  #82$258,00032.11351CONDO238
5840 SW BURMA RD$475,00031.11632DETACHD47
19255 BENFIELD AVE$499,000321840DETACHD36
5720 KENNY ST$499,900321416DETACHD3
19242 TERRY AVE$619,900421872DETACHD2
143 DEL PRADO ST$621,500321907DETACHD0
17 ABELARD ST$650,000322122DETACHD2
4688 OAKRIDGE RD$675,000321788DETACHD17
17608 SYDNI CT$675,00042.12466ATTACHD19
5316 LOWER DR$699,00032.12016DETACHD15
1268 HIDE A WAY CT$759,90042.12423DETACHD6
115 FURNACE ST  2N$819,00022.11885CONDO30
5 Mountain View LN$849,00053.13850DETACHD61
672 1ST ST$850,00022.11986CONDO4
12793 SIERRA VISTA DR$899,90043.13650DETACHD3
10 YORICK ST$925,00053.14023DETACHD19
1515 CHERRY LN$925,00053.14699DETACHD4
12624 SW 22ND AVE$945,00043.13665DETACHD4
5544 KILCHURN AVE$995,00042.13308DETACHD4
115 ASH ST$1,025,000434469DETACHD7
18041 CARDINAL DR$1,095,00032.11950DETACHD1
1061 YATES ST$1,100,00043.12899DETACHD14
4431 BERNARD ST$1,149,000432840DETACHD23
486 LAKE BAY CT$1,150,000321603DETACHD4
1255 Bickner ST$1,199,00042.12764DETACHD58
18958 BRYANT RD$1,199,90042.13178DETACHD13
1992 PALISADES TERRACE DR$1,250,00053.14140DETACHD7
13613 PROVINCIAL HILL WAY$1,550,00063.14534DETACHD4
15400 DIAMOND HEAD RD$2,100,00043.13358DETACHD1
95 IRON MOUNTAIN BLVD$2,195,00054.15710DETACHD184
15780 TWIN FIR RD$2,769,90044.14270DETACHD44

SOLD April 5-11, 2021`

AddressOpening PriceClosed Price# Beds# BathsTotal SFProp TypeCDOM
47 EAGLE CREST DR  #43$209,500$212,000211017CONDO3
4000 CARMAN DR   G101$248,900$260,00022869CONDO4
4644 LOWER DR, Upper Lvl$260,000$285,00021.11170CONDO5
578 2ND ST$539,900$539,90022.11361PLNCOMM6
853 E AVE$650,000$650,00021750DETACHD6
2679 GLEN EAGLES RD$729,900$702,000332378DETACHD277
18975 OLSON AVE$600,000$736,000633569DETACHD5
33 TOUCHSTONE$699,900$770,000543854DETACHD5
4749 BLACK FOREST CT$715,000$775,00042.12255DETACHD5
5796 BAY POINT DR$775,000$843,00042.12399DETACHD2
16631 FORD PL$899,900$920,00042.13180DETACHD4
4184 VIRGINIA WAY$849,900$976,000421700DETACHD5
2240 RIDGEWOOD RD$939,000$1,075,00043.12777DETACHD2
100 GARIBALDI ST$1,175,000$1,210,00053.24572DETACHD3
15420 BOONES WAY$1,345,000$1,325,00032.13364ATTACHD43
419 7TH ST$1,350,000$1,350,00042.12813DETACHD11
17010 Canal CIR$1,595,000$1,665,00043.13746DETACHD
1947 Summit DR$1,795,000$1,716,00045.15570DETACHD150
16655 MAPLE CIR$3,498,000$3,170,00033.13100DETACHD0

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 ~ March 22-28, 2021

Last week, Lake Oswego had 8 properties enter the market, 22 move to Pending status, and 18 Close. Currently there are 74 lovely homes available on the market!

The following is the activity according to RMLS:

NEW March 22-28, 2021

AddressList Price# Beds# BathsTotal SFProp Type
5316 LOWER DR$699,00032.12016DETACHD
282 ASH ST$780,00042.12791DETACHD
4750 UPPER DR$1,149,00053.13091DETACHD
885 10TH ST$1,150,00042.12633DETACHD
18958 BRYANT RD$1,199,90042.13178DETACHD
2065 RIDGE POINTE DR$1,495,000544790DETACHD
16847 GREENBRIER RD$2,700,00032.12360DETACHD
1745 SOUTHSHORE BLVD$3,495,00044.15545DETACHD

PENDING March 22-28, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
47 EAGLE CREST DR, #51$180,00011670CONDO13
22 OSWEGO SMT / Grnd$189,90011764CONDO2
125 OSWEGO SMT / Lower$198,00011764CONDO3
6310 BURMA RD$499,00031.11052DETACHD7
4185 CHILDS RD$535,00031.11175DETACHD5
4555 WILDWOOD ST$650,000321565DETACHD6
4917 MULHOLLAND DR$678,00022.12403ATTACHD10
33 TOUCHSTONE$699,900543854DETACHD5
28 MORNINGVIEW CIR$730,00033.12895DETACHD15
692 2ND ST$759,900312140DETACHD17
2941 SW ORCHARD HILL PL$784,90053.13446DETACHD4
545 RIDGEWAY RD$818,00032.12110DETACHD3
2552 PALISADES CREST DR$975,00042.13176DETACHD12
19230 BRYANT RD$1,060,00084.53441DETACHD289
144 LEONARD ST$1,279,00043.13552DETACHD6
15003 TWIN FIR RD$1,295,00043.12941DETACHD7
19305 HILL TOP RD$1,375,00043.15116DETACHD208
17990 RIDGE LAKE DR$1,445,00053.13897DETACHD21
1799 ATHERTON DR$1,629,00055.16280DETACHD10
13217 AMBER PL, #1$1,849,00043.13861DETACHD402
16777 PHANTOM BLUFF CT$1,995,00042.25045DETACHD14
1300 FOREST MEADOWS WAY$4,098,00054.25974DETACHD46

SOLD March 22-28, 2021

AddressOpening PriceClosed Price# Beds# BathsTotal SFProp TypeCDOM
5057 FOOTHILLS DR / Upper$335,000$345,000221252CONDO3
72 GREENRIDGE CT$425,000$425,000331824ATTACHD3
1790 CONIFER DR$539,000$520,000211003DETACHD13
5091 TUALATA LN$625,000$702,500321500DETACHD6
5172 GREENSBOROUGH CT$739,000$724,00042.12184DETACHD102
2 MOZARTEUM CT$744,900$780,00042.12192DETACHD5
18018 GIMLEY CT$820,000$859,000433637DETACHD2
13983 WESTCOTT CT$898,900$925,00042.12792DETACHD4
2574 PALISADES CREST DR$975,000$935,00052.24563DETACHD22
13204 DEERFIELD CT$1,050,000$1,030,00042.13406DETACHD4
3815 SOUTHSHORE BLVD$875,000$1,067,000422638DETACHD4
116 MIDDLECREST RD$1,390,000$1,225,000432545DETACHD38
17680 Stafford RD$1,299,000$1,317,00052.13804DETACHD185
639 CARRERA LN$1,350,000$1,320,00043.14447DETACHD16
4288 LAKEVIEW BLVD$1,250,000$1,487,000322016DETACHD5
892 8TH ST$1,450,000$1,515,00043.12872DETACHD7
17313 BLUE HERON RD$1,998,500$1,892,50043.13454DETACHD431
2950 Lakeview BLVD$3,100,000$2,450,00043.14299DETACHD190

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.

News & Notes ~ Feb 2021 Numbers

Here is your wider Portland Market Report according to RMLS data, with overall Neighborhood changes and Lake Oswego data broken out below.

Overview/Fluctuations ~  Market Data February 2021:           Inventory is holding steady with one month of supply available.  Competition is heavy, though we finally see more properties hitting the market now in March, which should alleviate that a little.  Competition pushes prices up as you can see in the Neighborhood Report below comparing January & February prices. Rolling 12-month Appreciation rates in all areas are up.

Mortgage rates will be rising inspired by the economy’s steady recovery. Today’s rates are hovering around 3% or a little higher based on a number of factors, but most can “buy the rate down” a bit & get it lowered. My trusted Mortgage Advisors can give you  more info.      

According to the RMLS Market Action Report  for the Portland Metro Area, Feb. 2021:

  • There were 2,474 New Listings in Feb 2021 decreased  10.3% from Feb of 2020’s 2,759  and also dropped 4.1% from the previous month/January’s 2,579.
  • At 1,978, Feb 2021’s Closed Sales are up 4.3% from Feb 2020’s 1,897, and also up 7.1% from the previous month/January’s total of 1,847
  • At 2,208, Feb 2021’s Pending Sales are down 15% from Feb 2020’s 2,598, and also down 11.5% from the previous month/January’s total of 2,496.
  • The Average Sale Price in Feb 2021 of $542,000 is up $84,100 from last year/Feb 2020’s $457,900, and up $27,300. from the previous month/January’s $514,700.   
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in Feb 2021 of $470,100 rose $63,100 from last year/Feb 2020’s $407,000, and also increased 10,100 from the previous month/January’s $460,000.

                                        LAKE OSWEGO

The combined areas of Lake Oswego and West Linn  for  the month of February 2021 reported:

  • 82 Active Listings (Jan 84)
  • 97 New Listings    (Jan 112)
  • 92 Pending Sales  (Jan 121)
  • 92 Closed Sales    (Jan 97)
  • Average Sale Price for Feb: $876,900  (Jan $812,700)
    • 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.
  •  77 Average Days on the Market   (Jan 46)

This Week In Lake Oswego

Lake Oswego is always chock full of all kinds of activities for its residents. Its really a marvel how for so many years such discerning attention is placed on producing a truly diverse array of programs for young, old and all interests. They are mostly virtual now for health & safety reasons, but some safe outdoor & distanced options are also peppered in there. Soon we’ll see the outdoor concerts return!

Here are my picks for what[s happening this week:

Mon, March 8, 2021- 7:15-7:45PM –  How to Train Your Cat ~ Believe it or not cats can be trained! (they say… ; ) Every Monday/12 and up. Online – More Info & Registration:  CLICK HERE

Tues, March 9 2021– 1:15-2:15PM –  Gentle Yoga ~ Join this virtual class that repeats every Tuesday – More Info & Registration:  CLICK HERE

Wed, March 10, 2021– 8:00AM – 10:00PM –  Author/Fan Face-Off! ~ Each week, in this video series, a student will go head to head on 10 trivia questions from one of a featured author’s favorite books. This week the guest author is Varian Johnson and the featured book is The Great Green Heist Online – For More Info:  CLICK HERE

Thurs, March 11, 2021– 6:00-7:30PM –  Whole House Organizing~ Each week on Thursdays, Kaye Silver teaches participants to organize one category of household item, such as clothes. The following week participants share their results and learn about the next category, such as memorabilia. Online – More Info & Registration:  CLICK HERE

Fri, March 12, 2021– 8:15AM-10:15PM –  Essay Contest Deadline: Refugee & Immigrant Experience ~ 2021‌ ‌MINORU‌ ‌YASUI‌ ‌STUDENT‌ ‌CONTEST‌ ‌ “If‌ ‌there‌ ‌is‌ ‌suffering‌ ‌or‌ ‌pain‌ ‌that‌ ‌is‌ ‌unfairly‌ ‌imposed‌ ‌upon‌ ‌anyone,‌ ‌it’s‌ ‌my‌ ‌duty,‌ ‌it’s‌ ‌your‌ ‌duty‌ ‌to‌ ‌try‌ ‌to‌ ‌alleviate‌ ‌it,‌ ‌because‌ ‌that’s‌ ‌the‌ ‌way‌ ‌in‌ ‌which‌ ‌we‌ ‌gain‌ ‌a‌ ‌better‌ ‌life‌ ‌for‌ ‌all‌ ‌of‌ ‌us.” —‌ ‌Minoru‌ ‌Yasui‌ . The‌ ‌Minoru‌ ‌Yasui‌ ‌Student‌ ‌Contest‌ ‌is‌ ‌proud‌ ‌to‌ ‌announce‌ ‌its‌ ‌2021‌ ‌essay‌ ‌competition‌ ‌on‌ ‌Refugee‌ ‌and‌ ‌Immigrant‌ ‌‌E‌xperiences.‌  ‌We‌ ‌celebrate‌ ‌the‌ ‌ideas‌ ‌and‌ ‌opinions‌ ‌of‌ ‌students‌ ‌in‌ ‌grades‌ ‌6‌ through‌ ‌12‌ ‌and‌ ‌challenge‌ ‌them‌ ‌to‌ ‌write‌ ‌an‌ ‌original‌ ‌and‌ ‌thoughtful‌ ‌essay‌ ‌exploring‌ ‌refugee‌ ‌or immigrant‌ ‌experiences.‌  Online – More Info & Registration: CLICK HERE

Sat, March 13, 2021– 9:00AM-9:30AM –  Saturday Sing-A-Long ~ Ages 3-5 sing their favorite Disney, folk & popular songs every Saturday! Online – More Info & Registration: CLICK HERE

Sun, March 14, 2021– 10:00AM-12:00PM –  Stewardship Work Party at Woodmont Park ~ Plant native species in this new park with Friends of Woodmont Park!  More Info & Registration: CLICK HERE

Market Activity ~ Feb 22-28, 2021

Last week we saw only 5 properties enter the market, 13 moved to Pending status and 20 Sold/Closed. There are 66 fabulous properties available right now in Lake Oswego! The market is very tight. This is the time of year we start to see properties hit the market so time will tell if we’ve got a wave of properties coming up, but for now, rates are low & inching higher… its a good time to call a skilled Realtor to help you secure a home. Dianne and I are always a phone, text or email away.

Here is the latest overview of activity in Lake Oswego according to RMLS:

NEW Feb 22-28, 2021

AddressList Price# Beds# BathsTotal SFProp Type
41 GREENRIDGE CT$415,00032.11652ATTACHD
668 MCVEY AVE  #33$499,00021852CONDO
17994 SAINT CLAIR DR$989,00042.13689DETACHD
5740 SW CHILDS RD$1,550,000535519DETACHD
15780 TWIN FIR RD$2,975,00044.14270DETACHD

Pending Feb 22-28, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
4 TOUCHSTONE   #63$195,00022984CONDO1
1225 LEE ST$520,00031.11056DETACHD80
4832 REDWING WAY$599,900321472DETACHD3
17614 SCHALIT WAY$650,000321561DETACHD3
5172 GREENSBOROUGH CT$719,00042.12184DETACHD102
18 HOTSPUR ST$750,000422025DETACHD5
13983 WESTCOTT CT$898,90042.12792DETACHD4
2240 RIDGEWOOD RD$939,00043.12777DETACHD2
17311 CANYON DR$1,079,000635376DETACHD35
116 MIDDLECREST RD$1,290,000432545DETACHD38
419 7TH ST$1,350,00042.12813DETACHD11
667 LAKE BAY CT$1,899,90043.13616DETACHD36
1890 TWIN POINTS RD$2,650,00043.14274DETACHD535

Sold Feb 22-28, 2021

AddressOpening PriceClosed Price# Beds# BathsTotal SFProp TypeCDOM
45 EAGLE CREST DR  #210$199,000$198,00011780CONDO23
3812 BOTTICELLI ST$319,995$310,000321194CONDO41
241 CERVANTES   Upper$400,000$405,000221382CONDO3
17095 WESTVIEW DR$649,000$575,000433356DETACHD90
1238 LAUREL ST$524,900$600,000321485DETACHD2
6210 CHILDS RD$699,000$710,000321433DETACHD2
1202 SPRUCE ST$735,000$735,00022.11706DETACHD84
6126 SW Frost LN$759,000$745,000532497DETACHD41
5185 WOODCREST LN$835,000$825,00032.12554DETACHD33
4850 LOWER DR$825,000$825,000432700DETACHD11
5173 WOODCREST LN$850,000$905,000533220DETACHD2
5513 RACHEL LN$1,049,000$1,030,00042.13335DETACHD29
17196 KELOK RD$1,199,000$1,050,00053.14384DETACHD169
3600 PIPER CT$1,050,000$1,110,00053.14549DETACHD4
1156 CHERRY LN$1,345,000$1,175,00053.14084DETACHD79
2120 GLENMORRIE DR$1,298,000$1,298,00043.14293DETACHD125
701 4TH ST$1,499,000$1,450,00032.12913DETACHD43
17495 KELOK RD$1,600,000$1,475,00032.13282DETACHD101
1188 CHERRY CIR$2,198,000$2,050,00056.18772DETACHD550
16649 MAPLE CIR$3,095,000$2,730,875432714DETACHD154

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.

News & Notes ~ Jan 2021 Numbers

Overview/Fluctuations ~  Portland Area Market Data Jan 2021: 

The big story in January is that our Inventory increased from .8 to 1.0 months of supply. If you  think that’s not much, you’re right! We continue to be at record lows in available homes. Last year in January we had 2.2 months of Inventory, which was low. The previous year (Jan 2019) we had 3.3 months of Inventory. So, the field is still competitive out there which means it is a terrific time to sell a home and if you’re buying, rates are still low hovering around 3.125, so better not to wait!

According to the RMLS Market Action Report  for the Portland Metro Area, Jan. 2021:

  • There were 2,579 New Listings in Jan 2021 decreased  6.4% from Jan of 2020’s 2,754, and increased 48.2% from the previous month/Dec’s 1,740.
  • At 1,847, Jan 2021’s Closed Sales are up 11.1% from Jan 2020’s 1,663, and down 33.8% from the previous month/Dec 2020’s total of 2,789
  • At 2,496, Jan 2021’s Pending Sales are up 9.9% from Jan 2020’s 2,271, and also up 24.6% from the previous month/Dec 2020’s total of 2,003.
  • The Average Sale Price in Jan 2021 of $514,700 is up $51,700 from last year/Jan 2020’s $463,000, and up $700. from the previous month/Dec 2020’s $514,000.   
  • The “Median” Sale Price  (the price smack dab in the middle of all sales) in Jan 2021 of $460,000 rose from last year/Jan 2020’s $406,000 by $54,000, and decreased 5,000 from the previous month/Dec 2020’s $455,000

LAKE OSWEGO

The combined areas of Lake Oswego and West Linn  for  the month of January 2021 reported:

  • 84 Active Listings (Dec 114)
  • 112 New Listings    (Dec 73)
  •  121 Pending Sales (Dec 110)
  •   92 Closed Sales    (Dec 137)
  • Average Sale Price for Jan: $812,700  (Dec $845,700)
    • 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.
  •  46 Average Days on the Market   (Dec 60)

Market Activity ~ Feb 8-14, 2021

This last week we saw 6 properties come onto the market, 15 move to Pending status, and 7 Closed/Sold. There are currently a whopping 47 homes on the market in Lake Oswego.

NEW Feb 8-14, 2021

AddressList Price# Beds# BathsTotal SFProp Type
3930 LAKE GROVE AVE, #1B$215,00021956CONDO
5091 TUALATA LN$625,000321500DETACHD
4846 LOWER DR$812,900532655DETACHD
1255 Bickner ST$1,235,00042.12764DETACHD
419 7TH ST$1,350,00042.12813DETACHD
769 4TH ST$1,965,00053.13922DETACHD

PENDING Feb 8-14, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
4000 CARMAN DR #47$259,90022993CONDO4
3433 MCNARY PKWY  #501$269,90022.11136CONDO3
1538 PINE ST$515,000321575DETACHD3
578 2ND ST$539,90022.11361PLNCOMM6
6210 CHILDS RD$699,000321433DETACHD2
5172 GREENSBOROUGH CT$719,00042.12184DETACHD86
4580 TRILLIUM WOODS$739,90032.11992ATTACHD10
876 SUNNY HILL DR$850,00042.12164DETACHD4
2318 HILLSIDE LN$899,99553.13258DETACHD8
2574 PALISADES CREST DR$975,00052.24563DETACHD22
13204 DEERFIELD CT$1,050,00042.13406DETACHD4
5686 LA MESA CT$1,225,00043.13840DETACHD1
16364 IVY LN$1,445,95053.14862DETACHD282
892 8TH ST$1,450,00043.12872DETACHD7
743 6TH ST$1,915,00053.13922DETACHD254

SOLD Feb 8-14, 2021

AddressOpening PriceClosed Price# Beds# BathsTotal SFProp TypeCDOM
47 EAGLE CREST DR  #50$210,000$208,65021932CONDO37
16 AQUINAS ST$525,000$555,00032.11720DETACHD1
3595 UPPER DR$629,000$645,000321420DETACHD4
4515 OAKRIDGE RD$685,000$685,00032.11981ATTACHD54
1111 C AVE$1,549,000$1,500,00043.13354DETACHD141
1547 GLENMORRIE DR$1,995,000$1,910,00043.14042DETACHD129
4357 SOUTHSHORE BLVD$2,995,000$2,600,00055.15220DETACHD152

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 ~ Jan 25-31, 2021

We logged 4 New Listings, 21 (not bad for a rainy week) moving to Pending status, and 6 Properties Sold/Closed last week. Here’s the breakdown according to RMLS data:

NEW Jan 25-31, 2021

AddressList Price# Beds# BathsTotal SFProp Type
4580 TRILLIUM WOODS$739,90032.11992ATTACHD
1920 Park Forest AVE$1,125,000332679DETACHD
1483 WOODLAND TER$1,199,999543135DETACHD
1870 TWIN POINTS RD$2,895,00044.14649DETACHD

PENDING Jan 25-31, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
16250 PACIFIC HWY  #50$284,000221305CONDO2
16250 PACIFIC HWY  #73$319,000221305CONDO87
16250 PACIFIC HWY  #59$319,000221305CONDO9
750 1ST ST,  E34$335,000221350CONDO3
18667 SW BENFIELD AVE$485,000421414DETACHD5
1790 CONIFER DR$524,900211003DETACHD13
28 AQUINAS ST$529,000321960DETACHD6
17095 WESTVIEW DR$649,000433356DETACHD90
4361 SOUTHSHORE BLVD$819,000432441DETACHD75
1780 YARMOUTH CIR$845,00032.12307DETACHD0
17596 GREEN BLUFF DR$959,90042.13039DETACHD75
5900 SUNCREEK DR$999,00052.13942DETACHD4
3600 PIPER CT$1,050,00053.14549DETACHD4
19125 35TH PL$1,114,90044.15153DETACHD257
2120 GLENMORRIE DR$1,298,00053.14293DETACHD115
639 CARRERA LN$1,350,00043.14447DETACHD16
312 9TH ST$1,350,00032.12686DETACHD103
3175 DOUGLAS CIR$1,425,00043.25400DETACHD3
13701 KNAUS RD$1,849,00054.15730DETACHD2
14080 GOODALL RD$2,095,00064.26005DETACHD23
1340 CHERRY LN$2,145,00044.25922DETACHD9

SOLD Jan 25-31, 2021

AddressOpening PriceClosed Price# Beds# BathsTotal SFProp TypeCDOM
5859 KENNYCROFT WAY$499,900$511,00031.11205DETACHD4
1599 OAK ST$664,900$655,00042.12468DETACHD31
4584 TRILLIUM WOODS$739,900$715,00032.12179ATTACHD44
18064 JENIFERS WAY$930,000$895,000532965DETACHD44
6429 Mission CT$1,165,000$1,184,00043.13182DETACHD277
16337 CHAPIN WAY$2,599,000$2,270,00054.15115DETACHD71

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.

News & Notes ~ Dec 2020 Year-End Report

Here is your look at the most recent data for the entire Portland area (Dec2020 + Year-End) and how Lake Oswego fits in to this picture just below.

Overview/Fluctuations ~  Market Data Dec 2020:                                    

Inventory is now at a stunning 0.8 months of supply in the Portland area. So… still lower than its  ever been and getting lower, apparently, with Buyers out en force competing over existing  Properties for sale.  Rates right now are hovering at or a little under 3.0%.                                                                                                              

The twelve months of 2019 compared to 2020:

New Listings, (38,442) decreased 5.2%.  Pending Sales (32,849) increased 7.9%, and Closed Sales (32,031) increased 7.8%.  

By Comparison, Twelve months of 2018 as compared to 2019 from last year’s December report read: New Listings (40,579) decreased 1.7%, Pending Sales (30,430) increased 2.1% and Closed Sales (29,700) decreased 0.2%.                                                         

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

  • There were 1,740 New Listings in Dec 2020 increased 37% from Dec of 2019’s 1,270,  and decreased a whopping 22.3% from the previous month/Nov’s 2,238.
  • At 2,789, Dec 2020’s Closed Sales are up 26% from Dec 2019’s 2,213, and also up 1.6% from the previous month/Nov 2020’s total of 2,745
  • At 2,003, Dec 2020’s Pending Sales are up 13% from Dec 2019’s 1,772, and dropped 21.7% from the previous month/Nov 2020’s total of 2,557.
  • The Average Sale Price in Dec 2020 of $514,000 is up $56,300 from last year/Dec2019’s $457,700, and down $7,200 from the previous month/Nov 2020’s $521,200.   YTD increase is 7.6%.
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in Dec 2020 of $455,000 rose from last year/Dec2019’s $405,000 by $50,000, and decreased 2,000 from the previous month/Nov 2020’s $457,000. YTD increase is 7.3%.

LAKE OSWEGO:

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

  •  114 Active Listings (Nov 177) (Dec 2019: 223)
  • 73 New Listings     (Nov 104) (Dec 2019: 50)
  •  110 Pending Sales  (Nov 106) (Dec 2019: 70)
  •  137 Closed Sales    (Nov 166) (Dec 2019: 107)
  • Average Sale Price for Dec: $845,700  (Nov $822,000) (Dec 2019: $732,400)
    • 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.
  •  60 Average Days on the Market   (Nov 50)