Market Activity ~ Nov 15-21, 2021

Last week we saw 7 properties enter the market, 22 move to Pending status and 20 Closed/Sold. Right now there are 60 beautiful homes available in Lake Oswego.

Here is the breakdown:

NEW Nov 15-21, 2021

AddressList Price# Beds# BathsTotal SFProp Type
871 COUNTRY CLUB RD$215,00011600CONDO
2991 DELLWOOD DR$499,00032.11844CONDO
45 EAGLE CREST DR #316$580,000421546DETACHD
21 D AVE  #4$625,00031.11449DETACHD
2305 GLEN HAVEN RD$1,425,00042.24308DETACHD
4325 SILVER CT / Upper$2,067,00022.12431CONDO
6050 FERNBROOK ST$2,275,000543632DETACHD

PENDING Nov 15-21, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
7155 CHILDS RD / Grnd$278,00021916CONDO4
1400 BONNIEBRAE DR / Main$425,00021890CONDO7
71 KINGSGATE RD$595,00032.11727DETACHD2
5020 JEAN RD$599,000321837DETACHD3
16989 TUALATIN ST$650,00032.11491DETACHD50
1695 MEADOWS DR$698,000432219DETACHD6
74 CONDOLEA WAY$699,000332965CONDO51
1335 LAUREL ST$699,000311898DETACHD62
326 LAKE BAY CT$820,000321427DETACHD3
129 DEL PRADO ST$829,00042.12622DETACHD2
16510 MAPLE CIR$899,00042.12295DETACHD101
223 Cornell CT$965,00053.13756DETACHD10
3777 RIVERS EDGE DR$1,095,00042.12875DETACHD6
16164 PARKER RD  #2$1,098,00032.12091DETACHD57
18168 WESTMINSTER DR$1,099,00053.14220DETACHD5
828 7TH ST$1,250,000342418DETACHD4
16164 PARKER RD  #1$1,395,000543257DETACHD79
17912 KELOK RD$1,650,000533218DETACHD19
17908 BLUE HERON DR$1,799,000344172DETACHD4
2245 GLEN HAVEN RD$1,950,000443830DETACHD9
6720 CHILDS RD$2,395,00044.16898DETACHD64
637 ENGLEWOOD DR$2,825,00073.14231DETACHD19

SOLD Nov 15-21, 2021

AddressOpeningClosedBedsBathsSFProp TypeDays
316 CERVANTES CIR  #316 $      220,000 $     225,00021832CONDO13
29 CRESTFIELD CT/ Grnd $      249,900 $     232,00022989CONDO357
350 CERVANTES CIRb#1E $      259,900 $     249,50021.1912CONDO10
28 AQUINAS ST $      529,000 $     539,000321960DETACHD6
18840 SW 65TH AVE $      549,000 $     549,00032.11634DETACHD34
5944 BURMA RD $      629,000 $     675,000321409DETACHD4
4191 SOUTHSHORE BLVD $      699,000 $     705,000421361DETACHD5
4322 COLLINS WAY $      765,500 $     727,000532112DETACHD36
17226 MARJORIE AVE $      684,900 $     750,000321782DETACHD3
603 ATWATER RD $      924,900 $     850,00053.13430DETACHD73
4705 LAKEVIEW BLVD $      875,000 $     874,00032.12700DETACHD41
17555 ERIN CT $      969,000 $     910,000433156DETACHD17
3211 WESTVIEW CT $  1,150,000 $ 1,150,00043.13325DETACHD20
14322 EDENBERRY DR $  1,295,000 $ 1,230,00042.13262DETACHD31
7 GARIBALDI ST $  1,450,000 $ 1,450,00043.16303DETACHD85
860 SKYLAND DR $  1,299,000 $ 1,460,000433527DETACHD4
9 HIDALGO ST $  1,400,000 $ 1,500,00043.35713DETACHD4
792 2ND ST $  1,650,000 $ 1,670,000432786DETACHD8
14034 TAYLORS CREST LN $  1,685,000 $ 1,685,00053.24007DETACHD0
13710 KNAUS RD $  2,990,000 $ 2,950,00044.25780DETACHD0
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.

News & Notes ~ October 2021 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 Oct 2021:                                                                                            We’re definitely watching the typical fall/winter slowdown across the board, BUT, in general we’re seeing improvements over the same 10-month period in 2020. Inventory which had started to rise slowly but steadily did take another slight dip in October. Listings increased 6.6% over 2020 during this time period, Pending Sales rose 9.0% and Closed Sales were up by 12.5%.

Rates: “Rates are at around 3.25% right now, however we are seeing continued upward pressure as the Federal Reserve takes steps to combat inflation.”     Gary Boyer, Regional VP, Directors Mortgage                                                                                                                    

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

  • There were 3,232 New Listings in Oct 2021, down 8.1% from Oct 2020’s 3,515 and also down 14.0% from the previous month/Sept’s 3,760.
  • At 3,129, Oct 2021’s Closed Sales are down 0.8% from Oct 2020’s 3,155, and also down 1.2% from the previous month/Sept’s total of 3,167
  • At 3,187, Oct 2021’s Pending Sales decreased 0.4% from Oct 2020’s 3,199, and increased 0.5% from the previous month/Sept’s total of 3,170.
  • The Average Sale Price in Oct 2021 of $575,200 is up $58,700 from last year/Oct 2020’s $516,500, and up $3,700. from the previous month/Sept’s $571,500.   
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in Oct 2021 of $516,000 rose $56,000 from last year/Oct 2020’s $460,000, and was also up $6,000 from the previous month/Sept’s $510,000.

LAKE OSWEGO:

138 Active Listings (Sep 154)
146 New Listings    (Sep178)
152 Pending Sales (Sep 170)
142 Closed Sales    (Sep 168)
Average Sale Price for Sept: $853,200 (Sep $975,700)
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.
 27 Days on the Market   (Sep 24)

This Week in Lake Oswego

Here are my picks for things to do this week either online or in person:

Mon, Nov 1, 2021 – 8:00AM-9:00PMStory Line Recordings~ Listen to poetry and short stories anytime! dial 503-636-7628 and press 6 More Info:  CLICK HERE

Tues, Nov 2, 2021 **Daily Through Nov 30th, 2021 – 10:00AM-7:00PMNative American Heritage STEM Kit Giveaway! ~ Explore traditional Native American technologies, visit with an archaeologist, and try out hands-on engineering challenges! Come to the Children’s Library to pick up a take-and-make activity kit while supplies last.- More Info & Registration:  CLICK HERE

Wed, Nov 3, 2021 – 10:00AMThe Waldo Project~ “The Waldo Project” is a collaboration between the Lake Oswego Public Library, the Kiwanis Club of Lake Oswego(link is external) and Hunger Fighters Oregon. Serve your community by getting books out into it, and have some fun! When a child finds Waldo in his hiding spot, they go straight to a vintage gumball machine filled with wooden tokens. After turning the crank and retrieving a token, they drop it into a jar which designates how many books will be distributed. – More Info & Registration + Agenda Links:  CLICK HERE

Thurs, Nov 4, 2021 – 10:00AM-2:00PMPMBob Ross Oil Painting – Aurora Borealis ~ Easy step by step beginners class from concept to completion! All supplies provided. – More Info & Registration:  CLICK HERE

Fri, Nov 5, 2021 – 7:00-8:30PM – How to Help Your Garden Soil Feed You ~ This online program helps you understand how to work the soil in your garden even in off months to better prepare for a fantastic new growing season in the spring!  More Info: CLICK HERE

Sat, Nov 6, 2021 – 9:00-11:00AMStewardship Work Party at Springbrook Park –  Help clear forest debris and remove invasive species. Friends of Springbrook Park will lead this work party. No experience needed. Dress for the weather, wear sturdy shoes and bring water.- More Info :  CLICK HERE

Sun, Nov 7, 2021 – 10:00AM-12:00PMStewardship Work Party at Freepons Park~ Help clear storm debris from the February ice storms. Friends of Hallinan Heights Woods will lead the group to help restore the habitat. No experience needed. Dress for the weather, wear sturdy shoes and bring water. More Info : CLICK HERE

Market Activity ~ Oct 18-24, 2021

True to the season, last week Lake Oswego saw just 4 properties enter the market. There were, however, 21 moving to Pending status, and 15 that Sold/Closed. At this moment there are 77 fabulous homes priced from $170,000 to $6.5 Million available in this little hamlet.

Here is your weekly detailed breakdown:

NEW Oct 18-24, 2021

AddressList Price# Beds# BathsTotal SFProp Type
100 KERR PKWY  #19$170,00011617CONDO
135 OSWEGO SMT / Upper$263,000221140CONDO
5051 FOOTHILLS DR  D$340,00022991CONDO
16940 SW TRACY AVE$675,00041.21656DETACHD

PENDING Oct 18-24, 2021

AddressList Price# Beds# BathsTotal SFProp TypeDays
358 CERVANTES CIR$234,90021.1912CONDO5
4000 CARMAN DR  C44$255,00022866CONDO46
18840 SW 65TH AVE$549,00032.11634DETACHD34
4191 SOUTHSHORE BLVD$699,000421361DETACHD5
13819 PROVINCIAL HILL DR$785,00032.12021DETACHD3
15450 PARTRIDGE DR$800,00032.12624DETACHD4
3718 RIVERS EDGE DR$960,00042.12512DETACHD0
13280 SANDALWOOD CT$1,050,000433080DETACHD5
3211 WESTVIEW CT$1,150,00043.13325DETACHD20
17975 RIDGE LAKE DR$1,199,00042.12835DETACHD2
18470 RAY RIDGE DR$1,350,00052.14329DETACHD136
9 HIDALGO ST$1,400,00043.35713DETACHD4
7 GARIBALDI ST$1,450,00043.16303DETACHD85
17625 WOODHURST PL$1,495,00054.14513DETACHD39
4305 UPPER DR$1,525,00042.13483DETACHD8
611 RIDGEWAY RD$1,995,00045.14463DETACHD145
4480 UPPER DR$2,000,00043.13497DETACHD19
1099 CHERRY CIR$2,275,00053.14039DETACHD3
19155 BRYANT RD$2,275,00033.13371DETACHD20
16767 GRAEF CIR$2,950,00044.14222DETACHD13
1101 CRESTLINE CT$3,000,00044.37226DETACHD415

SOLD Oct 18-24, 2021

AddressOpeningClosedBedsBathsSFTypeDays
47 EAGLE CREST DR  #54 $     186,000 $     182,50011672CONDO37
47 EAGLE CREST DR  #48 $     200,000 $     203,50011696CONDO16
96 CERVANTES CIR / Main $     230,000 $     205,00021.1912CONDO7
47 EAGLE CREST DR  #56 $     240,000 $     240,000311031CONDO5
68 WHEATHERSTONE CT $     549,900 $     534,00043.12465CONDO19
5715 BONITA RD $     599,000 $     599,00032.11614DETACHD0
1386 BOCA RATAN DR $     524,900 $     600,00032.11739ATTACHD4
20 AQUINAS ST $     649,900 $     649,90042.11838DETACHD15
14425 HOLLY SPRINGS RD $     770,000 $     696,500532238CONDO108
18867 Arrowwood AVE $     659,900 $     760,000321488DETACHD6
4848 LOWER DR $     822,000 $     766,000432531DETACHD27
2515 GREENTREE RD $     735,000 $     777,000422300DETACHD3
18820 GREEN BLUFF DR $  1,599,000 $ 1,400,00044.15643DETACHD6
2420 PRESTWICK RD $  2,500,000 $ 1,420,00063.13723DETACHD73
16206 REESE RD $  1,895,000 $ 1,895,00043.13631DETACHD1
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.

News & Notes ~ Sept 2021 Numbers

Overview/Fluctuations ~  Market Data Sept 2021:                                                                                           

Again this last month we’re seeing a cooling indicative of Fall, with Buyer Activity slowed a bit and/but conversely, Seller activity (Listings) increasing. It’ll be interesting to see October’s activity as Fall is one of the best times to buy a property in Portland, especially given the competitive landscape this year. We’ll find out if Buyers come out for the opportunity it presents. Market time remains pretty much the same at 24 days. We also see another slight increase in inventory looking pretty steady during these last few months. Appreciation remains remarkable.

Rates: “With increased inflation pressures, rates have moved higher to roughly 3.25% currently.  We are likely to continue to see rates moving higher in the coming months.”   Gary Boyer, Regional VP, Directors Mortgage                                                                                                                              

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

  • There were 3,760 New Listings in Sept 2021 up 15.2% from Sept 2020’s 3,264 and also up 1.7% from the previous month/August’s 3,698.
  • At 3,167, Sept 2021’s Closed Sales are down 2.6% from Sept 2020’s 3,251, and also down 1.6% from the previous month/August’s total of 3,219
  • At 3,170, Sept 2021’s Pending Sales increased 0.6% from Sept 2020’s 3,152, and decreased 10.3% from the previous month/August’s total of 3,535.
  • The Average Sale Price in Sept 2021 of $571,500 is up $61,500 from last year/Sept 2020’s $510,000, and down $12,100. from the previous month/August’s $583,600.   
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in Sept 2021 of $510,000 rose $59,000 from last year/Sept 2020’s $451,000, and was down $15,000 from the previous month/August’s $525,000.

LAKE OSWEGO:

154 Active Listings (Aug 161)
178 New Listings    (Aug 168)
170 Pending Sales (Aug 163)
168 Closed Sales    (Aug 171)
Average Sale Price for Sept: $975,700 (Aug $878,600)
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.
 27 Days on the Market   (Aug 23)

Market Activity ~ Oct 4-10, 2021

This last week in Lake Oswego there were 9 New homes entering the market, 24 moving to Pending status (accepted Offers), and 19 that Closed/Sold.

Right now there are 81 fantastic properties to suit all kinds of tastes, price ranges & requirements available in Lake Oswego!

Here is the latest breakdown according to RMLS:

NEW: Oct 4-10, 2021

AddressList Price# Beds# BathsTotal SFProp Type
4 TOUCHSTONE  #137$208,50022984CONDO
86 KINGSGATE RD,  A101$265,00022849CONDO
17555 ERIN CT$969,000433156DETACHD
16645 FIR LN$1,100,00042.13066DETACHD
2630 RIVENDELL RD$1,399,00043.14612DETACHD
611 RIDGEWAY RD$1,995,00045.14463DETACHD
4480 UPPER DR$2,000,00043.13497DETACHD
767 10TH ST$2,100,00044.13900DETACHD
16767 GRAEF CIR$2,950,00044.14222DETACHD

PENDING Oct 4-10, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
100 KERR PKWY  #38$185,00011628CONDO22
29 CRESTFIELD CT / Grnd$239,90022989CONDO357
15938 QUARRY RD, 3A$259,90021988CONDO4
5225 JEAN RD  #203$359,900321400CONDO117
4101 JEFFERSON PKWY / Upper$369,50022.11375CONDO11
3101 MCNARY PKWY  #6$395,00032.11884ATTACHD25
14 WHEATHERSTONE  #7$449,90032.11692CONDO2
750 1ST ST, A10$465,000221350CONDO117
5077 W SUNSET DR$500,00022.11720ATTACHD4
1386 BOCA RATAN DR$524,90032.11739ATTACHD4
12572 BOONES FERRY RD$525,000421577DETACHD138
6 ADAMS CT$539,900321571DETACHD2
2515 GREENTREE RD$735,000422300DETACHD3
1704 MEADOWS DR$750,000331956DETACHD4
1631 ASH ST$750,00042.12227DETACHD3
4705 LAKEVIEW BLVD$875,00032.12700DETACHD9
14867 TWIN FIR CT$899,00063.13625DETACHD5
603 ATWATER RD$899,90053.13430DETACHD73
2915 DELLWOOD DR$899,90042.23690DETACHD8
5598 LUCE LN$979,000433432DETACHD40
6413 MCDUFF CT$1,050,00032.13091DETACHD37
18365 SW 65TH AVE$1,290,000543331DETACHD22
1776 OAK ST$1,290,00043.14012DETACHD89
3411 LAKE GROVE AVE$1,599,00043.14434DETACHD47

SOLD Oct 4-10, 2021

AddressOpeningClosedBedsBathsSFProp TypeDays
100 KERR PKWY  #31 $      185,000 $     185,00011617CONDO5
200 BURNHAM RD  #402 $      355,000 $     360,000221305CONDO10
5101 JEAN RD $      475,000 $     459,938311012DETACHD5
16417 LAKE FOREST BLVD $      540,000 $     540,000211066DETACHD12
17830 SW TUALATA AVE $      595,000 $     587,000321373DETACHD30
17902 TAMARA AVE $      569,900 $     605,000422082DETACHD59
8 BOLIVAR ST $      640,000 $     640,000222149DETACHD3
16624 ROOSEVELT AVE $      699,900 $     661,000322802DETACHD15
14 PREAKNESS CT $      669,000 $     680,00022.12190ATTACHD6
5911 SW CARMAN DR $      695,800 $     700,000321400DETACHD10
1880 FERNWOOD DR $      875,000 $     875,00053.13049DETACHD65
16033 REESE RD $      849,900 $     951,00042.12810DETACHD5
920 YORK RD $      985,000 $ 1,043,925432026DETACHD2
1161 SUNNINGDALE RD $      950,000 $ 1,060,00032.12378DETACHD3
1687 VILLAGE PARK LN $  1,500,000 $ 1,350,000433362DETACHD74
127 FURNACE ST / Upper $  1,375,000 $ 1,375,00022.12016CONDO0
14500 UPLANDS DR $  2,495,000 $ 2,225,00054.25544DETACHD74
1075 CHANDLER RD $  2,799,000 $ 2,700,00054.15710DETACHD113
259 PINE VALLEY RD $  4,000,000 $ 4,000,00044.14640DETACHD0

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 Report Sept 13-19, 2021

Last week in Lake Oswego the market was quite evenly balanced between buyers and sellers. There were 22 new listings, 19 properties that moved to pending status, and 22 sold/closed homes. That’s a spread of just 3 between all catagories. Very balanced.

See below for RMLS details.

New on the Market Sept 13-16, 2021

AddressTypePriceBRBathsSq Ft
100 Kerr Pkwy #11Condo$169,00011617
100 Kerr Pkwy #38Condo$185,00011628
47 Eagle Crest Dr #56Condo$240,000311031
3101 McNary Pkwy #6Attached$415,00032.51884
18840 SW 65th AveDetached$549,00032.51634
20 Aquinas StDetached$649,90042.51838
4450 Chapman WayDetached$726,000432262
1648 Ash StDetached$750,000321877
559 Garibaldi StDetached$849,00043.53724
559 2nd St #206Condo$820,000221412
1335 Laurel StDetached$850,000211898
6073 Carman DrDetached$965,00032.52751
546 Weidman CtDetached$990,000533445
14527 Pfeifer WayDetached$1,250,00043.53803
18365 SW 65th WayDetached$1,290,000543331
14322 Edenberry DrDetached$1,295,00042.53262
118 cornell CtDetached$1,399,90054.54663
17265 Woodhurst PlDetached$1,495,00054.54513
18820 Green Bluff DrDetached$1,495,00044.55643
720 6th StDetached$2,250,00043.54601
6720 Childs RdDetached$2,395,00044.56898
4247 Lords LnDetached$2,650,00043.53785

Pending sales Sept 13-16, 2021

AddressTypePriceBRBathsSq FtCDOM
44 Eagle Crest Dr #20Condo$219,0002190856
4 Touchstone #157Condo$224,9002298417
4 Touchstone #103Condo$230,00032.513511
53 Galen StCondo$264,9002298925
5225 Jean Rd #203Condo$359,90032140098
4429 Thunder Vista LnCondo$479,90022.5200229
16351 Pacific HwyDetached$485,0003317422
6195 Harrington AveDetached$525,0004215983
5711 McEwan RdDetached$565,00032146724
1022 Yates StDetached$565,00031.511183
1682 Fircrest DrDetached$699,90042.523044
4954 Buck Brush LnDetached$729,0003224897
4954 Mulholland DrAttached$719,90032.524984
16033 Reese RdDetached$849,90042.528105
1161 Sunningdale RdDetached$950,00032.523783
658 Boca Ratan DrDetached$967,00043.5359312
1839 Palisades Lake CtDetached$1,499,00043.545709
16206 Reese RdDetached$1,895,00043.545709
1075 Chandler RdDetached$2,699,00054.55710113

Sold closed Sept 13-16, 2021

AddressTypeList PriceSold PriceSq FtCDOM
47 Eagle Crest Dr #41Condo$230,000$230,00093214
12 Oswego SummitCondo$300,000$285,0001,14041
12848 Boones Ferry RdCondo$425,000$435,00011820
1589 Boca Ratan DrAttached$470,000$458,618161119
41 Oriole LnDetached$500,000$500,000156410
1700 Bonniebrae DrAttached$469,698$513,00017396
16 Walking Woods DrDetached$649,000$610,000289711
16885 Fernwood DrDetached$639,500$623,513162453
17621 Arbor LnDetached$685,000$700,00021204
19 Da Vinci StDetached$650,000$700,00018746
16904 Cherry Crest AveDetached$759,000$759,0002,1672
4545 Black Forest CtDetached$799,000$825,00021682
656  3rd StDetached$675,000$850,00012005
41 TouchstoneDetached$920,000$940,000309021
13366 Boones Ferry RdDetached$1,095,000$1,075,00035895
511 Weidman CtDetached$995,000$1,100,00036525
14002 Chelsea DrDetached$1,195,000$1,175,000345732
14071 Sundeleaf DrDetached$999,000$1,200,00026243
13864 Amberwood CirDetached$1,295,000$1,375,00031150
572 4th StAttached$1,595,000$1,525,000336410
615 4th StDetached$1,750,000$1,750,00036910
940 Upper Devon LnDetached$1,945,000$1,875,000484859

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 ~ August Numbers 2021

Here is the latest look at the overall Portland area and how Lake Oswego fits into that picture. Don’t miss the Portland Neighborhood Report (below) with values, time on market and appreciation rates broken out for our Property Blotter readers.

Overview/Fluctuations ~  Market Data Aug 2021:                                                                                            August is never a robust month in Portland, but things are moving right along. With the exception of some slight shuffling, we saw a pretty “no-drama” month in terms of pricing stability and sales compared to July. Market time remains only slightly different than July, at 23 days compared to July’s 20 days overall. New Listings dropped off for a bit as we’d expect, and Inventory rose slightly to a whopping 1-month’s supply (just a tad under last August).

Rates are hanging right at 3.0% as of today, but there is pressure on rates to move higher.

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

  • There were 3,698 New Listings in Aug 2021 dropping 4.8% from Aug 2020’s 3,885 and 13.3% from the previous month/July’s 4,267.
  • At 3,219, Aug 2021’s Closed Sales are up 2.2% from Aug 2020’s 3,149, and fell 6.4% from the previous month/July’s total of 3,439.
  • At 3,535, Aug 2021’s Pending Sales decreased 4.4% from Aug 2020’s 3,697, and are also up 5.4% from the previous month/July’s total of 3,354.
  • The Average Sale Price in Aug 2021 of $583,600 is up $72,600 from last year/Aug 2020’s $511,000, and down $9,500. from the previous month/July’s $593,100.   
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in Aug 2021 of $525,000 rose $76,000 from last year/Aug 2020’s $449,000, and also increased $3,000 from the previous month/July’s $522,000.

LAKE OSWEGO:

  • 161 Active Listings (July 165)
  • 168 New Listings    (July 214)
  • 163 Pending Sales (July 177)
  • 171 Closed Sales    (July 184)
  • Average Sale Price for July: $878,000 (July $1,020,600)
    • 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.
  •  23 Average Days on the Market   (July 19)

Market Activity ~ Sept 6-12, 2021

This last week in Lake Oswego there were 11 New homes entering the market, 18 moving to Pending status (accepted Offers), and 19 that Closed/Sold.

Right now there are 93 lovely properties available in Lake Oswego!

Here is the latest breakdown according to RMLS:

NEW Sept 6-12, 2021

AddressList Price# Beds# BathsTotal SFProp Type
100 KERR PKWY  #2$199,00022822CONDO
316 CERVANTES CIR  #316$220,00021832CONDO
4000 CARMAN DR, C44$260,00022866CONDO
68 WHEATHERSTONE CT$549,90043.12465CONDO
26 PREAKNESS CT$663,00021.11654ATTACHD
16624 ROOSEVELT AVE$699,900322802DETACHD
4085 BUCK BRUSH LN$729,000322489DETACHD
4104 LAKEVIEW BLVD$849,000422244DETACHD
180 IRON MOUNTAIN BLVD$1,495,000543378DETACHD
1839 PALISADES LAKE CT$1,499,00043.14570DETACHD
3330 CEDAR CT$1,649,00043.14467DETACHD

PENDING Sept 6-12, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
79 OSWEGO SMT / Upper$239,000221212CONDO2
200 BURNHAM RD   #402$355,000221305CONDO10
210 S STATE ST  #9$525,00032.11642CONDO19
12572 BOONES FERRY RD$525,000421577DETACHD113
17902 TAMARA AVE$569,900422082DETACHD59
17830 SW TUALATA AVE$595,000321373DETACHD30
825 OAK ST$595,000321335DETACHD4
656 3RD ST$675,000321200DETACHD5
12363 CLARA LN$699,999311390DETACHD3
1571 WOODLAND TER$715,000322400DETACHD121
20 DA VINCI ST$799,900533089DETACHD1
48 SPINOSA$799,90043.12848DETACHD33
6413 MCDUFF CT$1,035,00032.13091DETACHD3
17151 WALL ST$1,099,000644141DETACHD79
5349 CARMAN GROVE LN$1,298,000432903DETACHD22
2420 PRESTWICK RD$1,420,00063.13723DETACHD73
4715 FIRWOOD RD$1,452,561433586DETACHD4
2088 CREST DR$6,995,00046.18259DETACHD91

SOLD Sept 6-12, 2021

AddressOpeningClosed# Beds# BathsTotal SFProp TypeCDOM
12826 Boones Ferry RD$445,000$434,00022.11182CONDO6
15115 QUARRY RD$725,000$650,000432865DETACHD19
457 LAUREL ST$650,000$660,000332264DETACHD14
6666 SW CHILDS RD$750,000$725,000312408DETACHD8
12 MORNINGVIEW LN$730,000$730,00032.12718ATTACHD4
13366 AUBURN CT$750,000$735,00032.12492ATTACHD11
49 DA VINCI ST$739,000$772,000322351DETACHD26
1430 LARCH ST$815,000$800,000332312DETACHD7
5466 BAY CREEK DR$789,000$820,000332535DETACHD4
1672 HIGHLAND DR$699,900$825,000421867DETACHD4
18360 TUALATA AVE$845,000$891,00052.12703DETACHD10
1739 PALISADES TERRACE DR$1,095,000$975,00042.13654DETACHD33
16750 PHANTOM BLUFF CT$899,000$975,000332267DETACHD2
4750 UPPER DR$1,149,000$1,035,00053.13091DETACHD125
2011 RIDGEWOOD LN$999,900$1,050,00053.13115DETACHD75
4721 FIRWOOD RD$1,425,000$1,449,995433236DETACHD0
2950 GREENTREE RD$1,495,000$1,495,00043.13691DETACHD8
2167 WEMBLEY PARK RD$1,750,000$1,780,00043.14015DETACHD9
13217 AMBER PL  #1`$1,650,000$2,000,00043.13861DETACHD474

Market Activity ~ Aug 30-Sept 5, 2021

This last week in Lake Oswego we had 12 Properties enter the market, 27 go Pending (Accepted Offers) and 30 Closed/Sold. There are 80 wonderful homes for sale in Lake Oswego right now.

NEW Aug 30-Sept 5, 2021

AddressList Price# Beds# BathsTotal SFProp Type
4 TOUCHSTONE  #157$224,90022984CONDO
200 BURNHAM RD  #402$355,000221305CONDO
750 1ST ST / Upper$615,900221350CONDO
656 3RD ST$675,000321200DETACHD
6472 SW DAWN ST$695,000321032DETACHD
4848 LOWER DR$822,000432531DETACHD
658 BOCA RATAN DR$967,00043.13593DETACHD
17001 WESTVIEW DR$968,500322005DETACHD
6413 MCDUFF CT$1,035,00032.13091DETACHD
16164 PARKER RD #1$1,395,000543257DETACHD
548 4TH ST$1,524,90034.13186ATTACHD
1913 CHERYL CT$1,895,00044.15341DETACHD

PENDING Aug 30-Sept 5, 2021

Address List Price# Beds# BathsTotal SFProp TypeCDOM
100 KERR PKWY, #31$185,00011617CONDO5
100 KERR PKWY, #43$214,90022823CONDO41
36 CRESTFIELD CT / Upper$279,90021921CONDO48
4000 CARMAN DR  E70$299,90022974CONDO3
4652 LOWER DR / Upper$350,00021.11170CONDO4
5101 JEAN RD$475,000311012DETACHD5
16691 BONAIRE AVE$499,900311110DETACHD3
5711 MCEWAN RD$565,000321467DETACHD10
8 BOLIVAR ST$640,000222149DETACHD3
16 WALKING WOODS DR$649,00032.12897DETACHD11
14 PREAKNESS CT$669,00022.12190ATTACHD6
3065 ROYCE WAY$750,00042.12726DETACHD46
15509 PARTRIDGE DR$789,900432299DETACHD3
4545 BLACK FOREST CT$799,00042.12168DETACHD2
759 TIMBERLINE DR$835,000432928DETACHD70
19431 KOKANEE CT$849,90042.12214DETACHD4
17994 SAINT CLAIR DR$900,00052.13916DETACHD3
920 YORK RD$985,000432026DETACHD2
2936 SW ORCHARD HILL PL$989,00042.14089DETACHD61
4261 COBB WAY$1,089,000432362DETACHD1
13536 STREAMSIDE DR$1,150,00043.13033DETACHD7
15776 INVERURIE RD$1,299,000322352DETACHD74
14495 PFEIFER DR$1,299,900433944DETACHD21
4531 WEST RD$1,429,00033.13926DETACHD54
16650 FIR LN$1,898,00043.13860DETACHD8
929 CUMBERLAND RD$2,495,00056.15129DETACHD3
1199 FAIRWAY RD$3,498,00044.25527DETACHD33

SOLD Aug 30-Sept 5, 2021

AddressOpeningClosedBedsBathsSFProp TypeDays
4 TOUCHSTONE  #69$220,000$220,00032.11351CONDO33
5058 FOOTHILLS DR, A$420,000$418,000321252CONDO8
1 PEACOCK PL$529,000$500,00032.11336DETACHD30
17500 PILKINGTON RD$460,000$500,000211050DETACHD8
13198 PETERS RD$695,000$677,75032.12630DETACHD29
605 7TH ST$775,000$750,000212035DETACHD3
4 SHERWOOD CT$825,000$757,00042.12870DETACHD16
16901 LAKERIDGE DR$729,000$762,500432080DETACHD3
1033 SPRUCE ST$765,000$775,00032.11663DETACHD4
18260 Indian Creek DR$759,000$790,000322082DETACHD11
17730 MARYLBROOK DR$850,000$840,00032.12951DETACHD14
17211 ROBB PL$790,000$840,000322085DETACHD5
491 COUNTRY CLUB RD$865,000$850,000422486DETACHD97
14121 REDWOOD CT$969,900$867,50043.12827DETACHD24
4987 BILFORD LN$799,900$890,00032.12302DETACHD5
19531 RIVER RUN DR$899,900$975,00042.12440DETACHD5
13060 SW ELK ROCK RD$1,178,000$1,100,000433681DETACHD9
13207 DEERFIELD CT$1,175,000$1,125,00043.13801DETACHD35
17543 LAKE HAVEN DR$1,185,000$1,125,00042.12333DETACHD9
12730 ADRIAN CT$1,295,000$1,178,00042.13014DETACHD24
5428 ROYAL OAKS DR$1,200,000$1,200,00063.14994DETACHD7
4210 VIRGINIA WAY$1,549,000$1,365,00044.13508DETACHD58
151 3RD ST #1$1,499,000$1,475,00032.13278CONDO37
2805 SOUTHSHORE BLVD$1,300,000$1,553,05022.12623DETACHD3
3155 UPPER DR$1,599,900$1,720,000433297DETACHD1
2165 RIDGE POINTE DR$2,100,000$1,828,000544749DETACHD29
2572 GLEN EAGLES PL$2,595,000$2,300,00054.26532DETACHD107
18000 EASTRIDGE LN$2,495,000$2,495,00044.15610DETACHD6
17575 S CRESTLINE DR$3,500,000$2,925,00054.27496DETACHD48
3328 LAKEVIEW BLVD$6,398,000$6,175,00045.16675DETACHD18