Attached vs Condo, What’s the Difference?

I think that most people think that the word attached (also commonly called townhouse) is based upon the design of the property.  Either one or two story with no neighbor above or below. That is not the case. Attached does mean that you don’t have a neighor above or below, but, more importantly, it means that you own the dirt underneath.  Because you own the dirt, you are responsible for the upkeep and maintenance of the crawl space.

There is a huge advantage to purchasing an attached home. Besides not having someone living above you, it is much  easier to finance, which makes it easier to sell. Lenders treat attached houses just like any other house.

 

With a condo you own the interior walls and everything inside of those walls. The exterior walls, crawlspace, and roof are all part of the limited common areas of the home owners association.

Condos can be a little bit problamatic when it comes to financing.  Federal lending guidelines requre that at least 50% of the units be owner occupied, and one individual or entity can not own more than 10% of the units. Additionally, to be FHA financeable, the HOA must apply for and maintain their FHA eligibility. This is often neglected by the HOA and so it is not always availble. Because condos tend to be more affordable, they are often purchased by first time home buyers. With out FHA financing, it can be too hard for first ime buyers to come up with enough of a down payment to purchase in communities that don’t have FHA approval.

When Linda and I do the Market Activity Report, we always indicate if a property is Detached, Attached, or a Condo. I thought it would be helpful if you understood the differences.

As always, thanks for reading the Blotter,

Dianne

Market Activity March 7-13, 2022

Last week in Lake Oswego there were 21 new listings, 15 that went into pending status, and 9 sold/closed properties.

Something that has frustrated me for a while is that when I pull the stats for this report many houses will have already moved into pending status, when, in fact, they were also new listings last week. I tried something different this week by taking an additional step to make sure they are included as new listings as well as pending. For this reason, you’ll see several properties that show up in both sections of this report.

See below for additional RMLS data.

New on the Market March 1-13, 2022

Address Type Price BR Baths Sq Ft
45 Eagle Crest Dr #309 Condo $259,900 2 2-Jan 1056
230 Laurel St Detached $661,900 3 2 1339
6025 Carman Dr Detached $699,900 3 2 1641
13700 Provencial Hill Dr Detached $725,000 4 2.5 2078
12729 SW 19th Ave Detached $799,000 4 3 2554
4870 Centerwood St Detached $839,900 4 2.5 2434
17348 Hunter Ct Detached $929,000 3 2.5 3112
5554 Luce Ln Detached $998,900 4 3 3269
1004 Cumberland Pl Detached $1,100,000 5 2 3313
12715 Adrian Ct Detached $1,150,000 4 2.5 3003
38 Briarwood Rd Detached $1,279,000 4 3 2552
26 Briarwood Rd Detached $1,279,000 4 3 2554
4030 Canal Woods Ct Detached $1,380,000 5 4 4103
2612 Rivendell Rd Detached $1,389,000 4 3 3521
1050 Schukart Ln Detached $1,399,000 4 3.5 5847
3938 Edens Edge Dr Detached $1,450,000 4 3.5 3880
21 D Ave #2 Condo $1,718,400 2 2.5 2183
735 7th St Detached $1,725,000 3 3.5 3073
1949 Cheryl Ct Detached $1,750,000 $5 4.5+.5 5011
21 D Ave #12 Condo $1,863,600 2 2.5 2177
3115 Wembley Park Rd Detached $2,000,000 4 3.5 3800

Pending Sales March 7-13, 2022

Address Type Price BR Baths Sq Ft CDOM
213 Cervantes Condo $329,000 2 1.5 1216 7
210 State St 37 Condo $449,900 3 2 1302 32
4434 Thunder Vista Ln Condo $479,000 2 2.5 2040 4
27 Aquinas St Detached $559,900 3 2.5 1530 4
230 Laurel St Detached $661,900 3 2 1339 2
143 Church St Detached $700,000 2 1 1220 61
13700 Provincial Hill Dr Detached $725,000 4 2.5 2078 2
15562 Heritage Ct Detached $864,000 4 2.5 2338 5
23 Touchstone Detached $924,900 5 4 3169 7
554 Luce Ln Detached $998,900 4 3 3269 3
3778 Rivers Edge Dr Detached $1,150,000 4 3.5 3012 5
928 Lake Front Rd Detached $1,299,900 4 3 2468 6
3938 Edens Edge Dr Detached $1,450,000 4 3.5 3880 4
1001 Cedar St Detached $1,495,000 4 3.5 2572 14
21 D Ave #2 Condo $1,718,400 2 2.5 2183 0

Sold/Closed March 7-13, 2022

Address Type List Price Sold Price Sq Feet DOM
200 Burnham Rd #206 Condo $359,000 $345,000 1199 62
3974 Carman Dr Attached $380,000 $380,000 1107 0
13991 Majestic Ct Detached $550,000 $600,000 1765 4
16940 Tracy Ave Detached $675,000 $624,000 1656 88
91 Tanglewood Dr Detached $799,900 $789,900 3111 21
14141 Goodall Rd Detached $784,900 $815,000 1939 2
18582 Bryant Rd Detached $799,900 $872,698 2579 2
19001 Redwing Way Detached $829,000 $876,500 2116 3
150 Iron Mountain Blvd Detached $1,100,000 $1,200,000 2868 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.

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$329,00021.11216CONDO
15483 Brianne CT$415,00022.11208ATTACHD
4061 JEFFERSON PKWY$425,00022.11462CONDO
210 S STATE ST #7$449,900321302CONDO
4434 THUNDER VISTA LN$479,00022.12040CONDO
4200 OLD GATE RD$550,00031.11453DETACHD
13991 MAJESTIC CT$550,000321765DETACHD
27 AQUINAS ST$599,90032.11530DETACHD
4 PREAKNESS CT$650,000321985ATTACHD
5497 WILLOW CT$775,00032.12427ATTACHD
14179 SUNDELEAF DR$849,900522617DETACHD
15562 HERITAGE CT$864,00042.12338DETACHD
86 TANGLEWOOD DR$885,000433192DETACHD
23 TOUCHSTONE$924,900543169DETACHD
3778 RIVERS EDGE DR$1,150,00043.13012DETACHD
928 LAKE FRONT RD$1,299,900432468DETACHD
3545 UPPER DR$1,300,00043.12742DETACHD
1000 UPPER DEVON LN$1,695,00043.13535DETACHD
21 D AVE #5$1,808,40022.12108CONDO
13725 CAMEO CT$2,450,00054.14984DETACHD

PENDING Feb 28-Mar 6, 2022

AddressList Price# Beds# BathsTotal SFProp TypeDays
4 TOUCHSTONE #101$254,00042.11456CONDO31
12 CERVANTES CIR$260,00021.1912CONDO206
209 CERVANTES$325,00021.11216CONDO18
200 BURNHAM RD #208$347,500221320CONDO2
16250 PACIFIC HWY #44$387,000221305CONDO10
15483 Brianne CT$415,00022.11208ATTACHD2
20 SUMMIT RIDGE CT$499,00022.11704CONDO13
4200 OLD GATE RD$550,00031.11453DETACHD4
1625 MEADOWS DR$750,000421672DETACHD4
12962 KNAUS RD$829,00032.11952DETACHD268
14179 SUNDELEAF DR$849,900522617DETACHD3
86 TANGLEWOOD DR$885,000433192DETACHD4
353 3RD ST$909,00033.12044ATTACHD7
1805 GLENMORRIE TER$1,075,00032.12798DETACHD4
5959 SUNCREEK DR$1,150,00042.13315DETACHD5
2991 DELLWOOD DR$1,289,00042.24308DETACHD104
21 D AVE #12$1,863,60022.12177CONDO86
3817 UPPER DR$2,350,00053.14246DETACHD4
14655 UPLANDS DR$3,300,00055.24775DETACHD107
13041 KNAUS RD$3,695,00044.14924DETACHD91

SOLD Feb 28-Mar 6, 2022

AddressOpeningClosedBedsBathsSFProp TypeDAYS
89 GALEN ST$199,000$225,00011552CONDO3
4647 LAKEVIEW BLVD, D1$229,999$250,00011753CONDO4
44 EAGLE CREST DR #39$269,900$269,900211085CONDO0
44 EAGLE CREST DR #32$250,000$280,00021908CONDO3
86 KINGSGATE RD, H101$349,000$355,00022918CONDO4
5788 KIMBALL CT$530,000$590,00041.11148DETACHD4
1720 KILKENNY DR$699,900$737,02432.11348DETACHD53
18561 KRISTI WAY$649,950$750,00032.11450DETACHD6
5207 COVENTRY CT$759,698$840,000321858DETACHD3
6 GROUSE TER$850,000$1,000,000333653DETACHD4
17095 WESTVIEW DR$985,000$1,052,000433356DETACHD2
580 WEIDMAN CT$1,100,000$1,219,17553.13952DETACHD5
3545 UPPER DR$1,300,000$1,400,00043.12742DETACHD0
872 COUNTRY CMNS$140,000$1,428,00042.12800DETACHD0
566 4TH ST$1,549,000$1,455,00044.23376ATTACHD33
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.

Market Activity Feb 21-27, 2022

Last week in Lake Oswego there were 5 new listings, 22 properties that accepted offers and moved into pending status, and 14 closed/sold homes.

See below for RMLS data.

New listings Feb 21-27, 2022

AddressTypePriceBRBathsSq Ft
16250 Pacific Hwy #44Condo$387,000221305
122 Touchstone TerrDetached$829,90043.52348
353 3rd StAttached$909,00033.52044
1001 Cedar StDetached$909,00043.52572
21 D Ave #1Condo$2,530,800232572

Pending sales Feb 21-27, 2022

AddressTypePriceBRBathsSq FtCDOM
4647 Lakeview Blvd D1Condo$229,999117531
47 Eagle Crest Dr #13Condo$259,000219325
19 Crestfield CtCondo$310,000219213
209 CervantesCondo$325,00021.512169
5225 Jean Rd #309Condo$360,00022110020
3990 Carman DrCondo$415,90022.5109821
34 Condolea DrCondo$475,00022142017
9 Bloch TerrAttached$599,90032.519467
959 Lee StDetached$670,00032234042
67 Condolea TerrCondo$675,0003324092
14141 Goodall RdDetached$784,90032.519392
16946 Lower Meadows DrDetached$839,90032.517693
4144 Sunset DrDetached$950,0003226324
1150 Greentree RdDetached$965,00042.527035
14232 Meadow Grass StDetached$1,100,0004328944
150 Iron Mountain BlvdDetached$1,100,00042.528683
2650 Overlook DrDetached$1,250,00042.5303012
18002 Pilkington RdDetached$1,599,0004336293
411 Ridgeway RdDetached$1,725,00032.532913
13348 Leslie CtDetached$1,750,00042.538631
16881 Canyon DrDetached$2,799,0005438881
5185 Carman DrDetached$3,650,00032.5+.56500360

Sold/Closed Feb 21-27, 2022

AddressTypeList PriceSold PriceSq FeetDOM
45 Eagle Crest Dr #202Condo$215,000$197,00067843
4632 Lower Dr B2Condo$320,000$320,000117029
19 Britton CtAttached$535,000$525,00013945
4503 Black Forest CtDetached$795,000$840,00021662
277 Evergreen RdCondo$895,000$902,0001,9502
13522 Provincial Hill WayDetached$899,000$965,00032441
14361 Sherbrook PlDetached$899,000$975,00021002
17154 Loweberg TerrDetached$1,295,000$1,285,00034124
13888 Shireva DrDetached$1,200,000$1,310,00038274
180 Iron Mountain BlvdDetached$1,595,000$1,350,0003378124
589 7th StDetached$1,549,000$1,590,00033873
14711 Upland DrDetached$1,695,000$1,850,0033273
13286 Goodall RdDetached$2,495,000$2,471,0000
13648 Goodall RdDetached$2,499,900$2,475,000528856

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.

This Week in Lake Oswego

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

Mon, Feb 28, 2022 – 5:30PM-9:00PM– 12 yrs & up.- Bob Ross Oil Painting: Tropical Sunset (Live Instruction) ~Easy in-person instruction for beginners and more experienced painters ~ CCP, 1060 Chandler Rd –  More Info & Registration:  CLICK HERE

Tues, March 1, 2022 – 4:30PM-6:30PM – 18yrs & up – Painting in Oils & Acrylic (Virtual Class )~Learn to paint! All materials provided for this virtual class – More Info & Registration:  CLICK HERE

Wed, March 2, 2022 – 6:30PM-8:00PM Chautaqua Historic Lecture Series (in-person or virtual)~ “ Kim Huey discusses the beginnings of Chautauqua and the Gladstone Chautauqua  ~ Oswego Heritage House and Museum, 398 Tenth Street – or Zoom! – More Info & Registration:  CLICK HERE

Thurs, March 3, 2022 – 9:15AM-10:30PMPMNia at Lakewood Drop-In ~ Series taught by Black Belt Nia Instructor Carol Kaplan at Lakewood Center on Tuesdays and Thursdays.- Lakewood Center for the Arts ~ 368 S State St – More Info & Registration Options:  CLICK HERE

Fri, March 4, 2022 – 3:30-4:15PM – (3-5yrs) Toes & Tap! ~ Learn the basics of ballet and tap dancing in this fun environment using popular music. CCP, 1060 Chandler Rd More Info & Registration: CLICK HERE

Sat, March 5, 2022 – 11:00AM till Tickets gone! – Author C Pam Zhang Ticket Giveaway – This is a ticket-giveaway for the upcoming event with author  C Pam Zhang who discusses How Much of These Hills Is Gold: A Reimagined History.  Her presentation will wind up the Lake Oswego Reads 2022 program on Friday, April 29th at 7:00 p.m. at Lakeridge High School. Event is free to all library-cardholders, but a ticket is required- Lake Oswego Library, 706 4th St – More Info :  CLICK HERE

Sun, March 6, 2022 – From Tuesday, March 1 – 10:00am Thursday, March 31 – All Open HoursGlobal Art Project for Peace~ Participate with the Lake Oswego Library in the 2022 15th Biennial by visiting the children’s library to create an art piece expressing your vision of global peace and goodwill. Art supplies provided. You can also participate by creating art at home and bringing it to the library. ~ Lake Oswego Library (lower level), 706 4th St More Info : CLICK HERE

Market Activity ~ Feb 14-20, 2022

Last week Lake Oswego had 5 properties enter the market, 14 move to Pending status, and 11 that Sold/Closed. Right now there are 53 properties available in Lake Oswego ranging from $214,000 to $5.3 mil.

Here is the breakdown according to RMLS:

NEW Feb 14-20, 2022

AddressList PriceBedsBathsSFProp Type
47 EAGLE CREST DR  #16$239,00021932CONDO
209 CERVANTES, Lower$325,00021.11216CONDO
20 SUMMIT RIDGE CT$499,00022.11704CONDO
17897 SUNDOWN CT$1,950,000533755DETACHD
3578 CARMAN DR$2,200,00053.14000DETACHD

PENDING Feb 14-20, 2022

AddressList PriceBedsBathsSFProp TypeDays
44 EAGLE CREST DR  #32$250,00021908CONDO3
3101 MCNARY PKWY  #8$320,000323064CONDO0
5309 SW WEST SUNSET DR$599,900421449DETACHD25
3 MOUNTAIN CIR$675,000321580ATTACHD4
12962 KNAUS RD$829,00032.11952DETACHD255
1770 HEADLEE LN$879,000232505DETACHD4
4 WESTMINSTER DR$895,000432258DETACHD6
2095 RIDGE POINTE DR$1,085,00032.13748DETACHD4
4719 LAKEVIEW BLVD$1,499,000432934DETACHD3
566 4TH ST$1,549,00044.23376ATTACHD33
17486 REDFERN AVE$2,175,000543632DETACHD4
5001 SW Park Bluff PL$2,200,000444022DETACHD32
15012 TWIN FIR RD$2,599,00053.13897DETACHD187
2812 LAKEVIEW BLVD$3,399,90033.13100DETACHD14

SOLD Feb 14-20, 2022

AddressOpeningClosedBedsBathsSFProp TypeDays
100 KERR PKWY  #38$185,000$185,00011628CONDO123
47 EAGLE CREST DR  #36$249,900$275,00021932CONDO1
16250 PACIFIC HWY  #45$359,000$345,000221311CONDO45
5225 JEAN RD  #501$399,900$455,000321500ATTACHD3
4325 SILVER CT,  Upper$499,000$485,00032.11844CONDO49
1719 ASPEN CT$590,000$575,000321444DETACHD49
351 3RD ST$924,900$951,00033.12042ATTACHD3
837 OAK ST$999,950$1,100,00032.12796DETACHD5
19 HIDALGO ST$998,500$1,150,00043.14747DETACHD2
17908 BLUE HERON DR$1,799,000$1,775,000344172DETACHD58
567 10TH ST$1,785,000$1,870,00043.14706DETACHD85

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.

Radon and Granite Countertops

At Oregon First we have a gmail group called Haves and Wants. A recent discussion happened about the topic of radon and granite countertops.

Radon comes from granite. When you purchase a home, you should alway do a radon test to see if the radon levels in the house are higher than the EPA limit of 4.0 picocuries. (The World Health Organization recommends a level of not more than 2.7 picocuries.) Generally speaking the granite is in the form of boulders underneath the house, in the ground. You just don’t know whether the house is built over granite boulders or not, so you always test the radon levels.

So if radon comes from granite, what about granite countertops?

This subject came to my attention about 15 years ago. So I dialed up my favorite radon mitigation company and asked if I should be concerned. I was told that, generally speaking, the radon given off by granite countertops was not at a level high enough to be concerned.

Here is the offical EPA information. Click here.

White kitchen design features large bar style kitchen island with granite countertop illuminated by modern pendant lights. Northwest, USA

The bottom line is that you should be concerned about the possibility of radon in a house. Always get it measured. Even if you aren’t buying a house. If you live in a home where you have never measured it, get it measured. You can buy a do-it-yourself test at your local home improvement store, and there are numerous companies who perform this service. The cost to test is $60-$150. Cheap for the peace of mind. If radon is found, the cost to mitigate it is $1500-$3000, generally speaking. Again, cheap for the piece of mind.

I also think that when planning a remodel, don’t assume that just because it is available for purchase it has no issues. Do your research. There are alternatives to granite that are also gorgeous.

I hope that you find this useful. Thank you for reading the blotter.

Dianne

Market Activity Feb 7-13, 2022

I once had a client who had statistically figured out the the prime weekend of the entire year to put your house on the market is the weekend following the super bowl. With 19 pending sales in Lake Oswego last week, that certainly feels like good advice. We also had 6 new listings and 10 properties that were closed sales.

See below for further RMLS data.

New on the Market Feb 7-13, 2022

AddressTypePriceBRBathsSq Ft
4 Touchstone Dr #150Condo$225,90022984
4631 Lakeview BlvdCondo$250,00011753
45 Eagle Crest Dr #513Condo$253,50021.51056
48 Eagle Crest Dr 4ACondo$475,000221489
668 McVey Ave #10Condo$540,00031992
16758 Graef CircleDetached$669,000311295
5353 Lakeview BlvdAttached$1,119,00043.52900
2650 Overlook DrDetached$1,250,00042.53030
21 D Ave GPHCondo$3,269,20032.53399
807 Ellis aveDetached$3,600,00044.54964

Pending Sales Feb 7-13, 2022

AddressTypePriceBRBathsSq FtCDOM
89 Galen StCondo$199,000115523
45 Eagle Crest Dr #312Condo$229,0001178016
200 Burnham Rd #206Condo$349,00021119962
3974 Carman DrAttached$380,00022.511070
34 Condolea DrCondo$475,0002214203
750 1st St E27Condo$479,900221350162
5062 Foothills Dr GCondo$485,00022125298
2806 SW Orchard Hill PlDetached$649,00032.523245
18561 Kristi WayDetached$649,95032.5145068
48 Hillshire DrDetached$795,5004330345
93 Tanglewood DrDetached$799,90032.5+.5311121
6 Grouse TerDetached$850,0003336534
2777 Evergreen RdCondo$895,00033.519502
2719 Greentree RdDetached$985,00053.538865
14711 Uplands DrDetached$1,695,00044.533273
21 D Ave #13Condo$1,993,20022.523048
21 D Ave #4Condo$2,067,00022.5243186
2305 Glen Haven RdDetached$2,275,00054363282
1845 Highlands LoopDetached$2,995,00043.5+.553063

Closed/Sold Feb 7-13, 2022

AddressTypeList PriceSold PriceSq FeetDOM
4 Touchstone #94Condo$248,000$238,00013517
30 Crestfield CtCondo$290,000$300,0009891
16200 Pacific Hwy #9Condo$524,900$500,00011900
1118 StDetached$650,000$650,000132012
8 Da Vinci StDetached$779,000$845,5002,9064
16538 Maple CircleDetached$1,550,000$1,750,00028544

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 2022 Numbers

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 January 2022:                                         Looking at the first month of 2022 as compared to the same month last year, New Listings have decreased 10.5%, Pending Sales have decreased 8.4% and Closed Sales increased 0.3%. Supply is still the biggest issue affecting the local market and remains at historic lows with less than a few week’s worth of inventory available.

The other factor is rates~ While they remain very low relatively speaking (for anyone who remembers how high they’ve been in the past) they’re hovering around 3.875% right now and all predictions are for several increases this year. This factor would be spurring more Buying activity than we currently see but for the lack of inventory. That said, it remains a given that savvy Buyers ought to be taking advantage of these rates now, and, generally speaking, would-be Sellers would be well advised to List now rather than wait till later.

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

  • There were 2,307 New Listings in Jan 2022 decreased 10.5% from Jan of 2021’s 2,579, and decreased a whopping 44.3% from the previous month/Dec’s 1,599.
  • At 1,853  Jan 2022’s Closed Sales are up 0.3% from Jan 2021’s 1,847, and down 28.2% from the previous month/Dec 2021’s total of 2,582
  • At 2,287 Jan 2022’s Pending Sales are down 8.4% from Jan 2021’s 2,496, and up 17.8% from the previous month/Dec 2021’s total of 1,942.
  • The Average Sale Price in Dec 2021 of $586,600 is up $71,900 from last year/Jan 2021’s $514,700, and up $3,700 from the previous month/Dec2021’s $582,900.   YTD increase is 15.8%.
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in Jan 2022 of $512,000 rose from last year/Jan 2021’s $460,000 by $52,000, and also $1,000 from the previous month

LAKE OSWEGO:

61 Active Listings (Dec 63)
83 New Listings  (Dec 71)
78 Pending Sales (Dec 82)
82 Closed Sales  (Dec 134)
Average Sale Price for Jan: $1,054,400 (Dec $1,024,400)
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.
29 Days on the Market   (Nov 36)

Market Activity ~ Jan 31-Feb 6, 2022

This last week 5 Properties entered the market, 10 moved to Pending status, and 7 Closed/Sold. There are 48 homes available right now in Lake Oswego ranging from 215,000 to 5.2 mil.

Here is the latest:

NEW Jan 31-Feb 6, 2022

AddressList PriceBedsBathsTotal SFProp Type
45 EAGLE CREST DR$249,900221046CONDO
5225 JEAN RD$360,000221100CONDO
3990 CARMAN DR$415,90022.11098CONDO
13078 FIELDING RD$3,150,000433936DETACHD
2812 LAKEVIEW BLVD$3,399,90033.13100DETACH

PENDING Jan 31-Feb 6, 2022

AddressList PriceBedsBathsTotal SFProp TypeDays
4 TOUCHSTONE  #94$248,00032.11351CONDO7
47 EAGLE CREST DR  #36$249,90021932CONDO1
4 TOUCHSTONE  #101$268,00042.11456CONDO8
86 KINGSGATE RD, H101$349,00022918CONDO4
1720 KILKENNY DR$685,00032.11348DETACHD53
17763 MARDEE AVE$741,900532110DETACHD19
4503 BLACK FOREST CT$795,00042.12166DETACHD2
18582 BRYANT RD$799,90032.12579DETACHD2
19 HIDALGO ST$998,50043.14747DETACHD2
15508 DIAMOND HEAD RD$3,480,000343900DETACHD169

SOLD Jan 31-Feb 6, 2022

AddressOpeningClosedProp TypeSFBedsBathsDays
6317 CARMAN DR $      650,000 $      560,000DETACHD134431.178
52 NORTHVIEW CT $      649,900 $      635,000ATTACHD219832.154
4966 GALEN ST $      600,000 $      656,000DETACHD1699325
115 TOUCHSTONE TER $      709,000 $      670,000ATTACHD256043.179
302 LAUREL ST $      679,000 $      684,000DETACHD1907326
175 FURNACE ST/Upper $   1,598,000 $  1,598,000CONDO189822.11
752 8TH ST $   1,877,000 $  1,903,000DETACHD403253.127
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.