Tag: Portland Neighborhoods

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	$329,000	2	1.1	1216	CONDO
15483 Brianne CT	$415,000	2	2.1	1208	ATTACHD
4061 JEFFERSON PKWY	$425,000	2	2.1	1462	CONDO
210 S STATE ST #7	$449,900	3	2	1302	CONDO
4434 THUNDER VISTA LN	$479,000	2	2.1	2040	CONDO
4200 OLD GATE RD	$550,000	3	1.1	1453	DETACHD
13991 MAJESTIC CT	$550,000	3	2	1765	DETACHD
27 AQUINAS ST	$599,900	3	2.1	1530	DETACHD
4 PREAKNESS CT	$650,000	3	2	1985	ATTACHD
5497 WILLOW CT	$775,000	3	2.1	2427	ATTACHD
14179 SUNDELEAF DR	$849,900	5	2	2617	DETACHD
15562 HERITAGE CT	$864,000	4	2.1	2338	DETACHD
86 TANGLEWOOD DR	$885,000	4	3	3192	DETACHD
23 TOUCHSTONE	$924,900	5	4	3169	DETACHD
3778 RIVERS EDGE DR	$1,150,000	4	3.1	3012	DETACHD
928 LAKE FRONT RD	$1,299,900	4	3	2468	DETACHD
3545 UPPER DR	$1,300,000	4	3.1	2742	DETACHD
1000 UPPER DEVON LN	$1,695,000	4	3.1	3535	DETACHD
21 D AVE #5	$1,808,400	2	2.1	2108	CONDO
13725 CAMEO CT	$2,450,000	5	4.1	4984	DETACHD

PENDING Feb 28-Mar 6, 2022

Address	List Price	# Beds	# Baths	Total SF	Prop Type	Days
4 TOUCHSTONE #101	$254,000	4	2.1	1456	CONDO	31
12 CERVANTES CIR	$260,000	2	1.1	912	CONDO	206
209 CERVANTES	$325,000	2	1.1	1216	CONDO	18
200 BURNHAM RD #208	$347,500	2	2	1320	CONDO	2
16250 PACIFIC HWY #44	$387,000	2	2	1305	CONDO	10
15483 Brianne CT	$415,000	2	2.1	1208	ATTACHD	2
20 SUMMIT RIDGE CT	$499,000	2	2.1	1704	CONDO	13
4200 OLD GATE RD	$550,000	3	1.1	1453	DETACHD	4
1625 MEADOWS DR	$750,000	4	2	1672	DETACHD	4
12962 KNAUS RD	$829,000	3	2.1	1952	DETACHD	268
14179 SUNDELEAF DR	$849,900	5	2	2617	DETACHD	3
86 TANGLEWOOD DR	$885,000	4	3	3192	DETACHD	4
353 3RD ST	$909,000	3	3.1	2044	ATTACHD	7
1805 GLENMORRIE TER	$1,075,000	3	2.1	2798	DETACHD	4
5959 SUNCREEK DR	$1,150,000	4	2.1	3315	DETACHD	5
2991 DELLWOOD DR	$1,289,000	4	2.2	4308	DETACHD	104
21 D AVE #12	$1,863,600	2	2.1	2177	CONDO	86
3817 UPPER DR	$2,350,000	5	3.1	4246	DETACHD	4
14655 UPLANDS DR	$3,300,000	5	5.2	4775	DETACHD	107
13041 KNAUS RD	$3,695,000	4	4.1	4924	DETACHD	91

SOLD Feb 28-Mar 6, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	DAYS
89 GALEN ST	$199,000	$225,000	1	1	552	CONDO	3
4647 LAKEVIEW BLVD, D1	$229,999	$250,000	1	1	753	CONDO	4
44 EAGLE CREST DR #39	$269,900	$269,900	2	1	1085	CONDO	0
44 EAGLE CREST DR #32	$250,000	$280,000	2	1	908	CONDO	3
86 KINGSGATE RD, H101	$349,000	$355,000	2	2	918	CONDO	4
5788 KIMBALL CT	$530,000	$590,000	4	1.1	1148	DETACHD	4
1720 KILKENNY DR	$699,900	$737,024	3	2.1	1348	DETACHD	53
18561 KRISTI WAY	$649,950	$750,000	3	2.1	1450	DETACHD	6
5207 COVENTRY CT	$759,698	$840,000	3	2	1858	DETACHD	3
6 GROUSE TER	$850,000	$1,000,000	3	3	3653	DETACHD	4
17095 WESTVIEW DR	$985,000	$1,052,000	4	3	3356	DETACHD	2
580 WEIDMAN CT	$1,100,000	$1,219,175	5	3.1	3952	DETACHD	5
3545 UPPER DR	$1,300,000	$1,400,000	4	3.1	2742	DETACHD	0
872 COUNTRY CMNS	$140,000	$1,428,000	4	2.1	2800	DETACHD	0
566 4TH ST	$1,549,000	$1,455,000	4	4.2	3376	ATTACHD	33

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

Address	List Price	Beds	Baths	SF	Prop Type
47 EAGLE CREST DR  #16	$239,000	2	1	932	CONDO
209 CERVANTES, Lower	$325,000	2	1.1	1216	CONDO
20 SUMMIT RIDGE CT	$499,000	2	2.1	1704	CONDO
17897 SUNDOWN CT	$1,950,000	5	3	3755	DETACHD
3578 CARMAN DR	$2,200,000	5	3.1	4000	DETACHD

PENDING Feb 14-20, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
44 EAGLE CREST DR  #32	$250,000	2	1	908	CONDO	3
3101 MCNARY PKWY  #8	$320,000	3	2	3064	CONDO	0
5309 SW WEST SUNSET DR	$599,900	4	2	1449	DETACHD	25
3 MOUNTAIN CIR	$675,000	3	2	1580	ATTACHD	4
12962 KNAUS RD	$829,000	3	2.1	1952	DETACHD	255
1770 HEADLEE LN	$879,000	2	3	2505	DETACHD	4
4 WESTMINSTER DR	$895,000	4	3	2258	DETACHD	6
2095 RIDGE POINTE DR	$1,085,000	3	2.1	3748	DETACHD	4
4719 LAKEVIEW BLVD	$1,499,000	4	3	2934	DETACHD	3
566 4TH ST	$1,549,000	4	4.2	3376	ATTACHD	33
17486 REDFERN AVE	$2,175,000	5	4	3632	DETACHD	4
5001 SW Park Bluff PL	$2,200,000	4	4	4022	DETACHD	32
15012 TWIN FIR RD	$2,599,000	5	3.1	3897	DETACHD	187
2812 LAKEVIEW BLVD	$3,399,900	3	3.1	3100	DETACHD	14

SOLD Feb 14-20, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY  #38	$185,000	$185,000	1	1	628	CONDO	123
47 EAGLE CREST DR  #36	$249,900	$275,000	2	1	932	CONDO	1
16250 PACIFIC HWY  #45	$359,000	$345,000	2	2	1311	CONDO	45
5225 JEAN RD  #501	$399,900	$455,000	3	2	1500	ATTACHD	3
4325 SILVER CT,  Upper	$499,000	$485,000	3	2.1	1844	CONDO	49
1719 ASPEN CT	$590,000	$575,000	3	2	1444	DETACHD	49
351 3RD ST	$924,900	$951,000	3	3.1	2042	ATTACHD	3
837 OAK ST	$999,950	$1,100,000	3	2.1	2796	DETACHD	5
19 HIDALGO ST	$998,500	$1,150,000	4	3.1	4747	DETACHD	2
17908 BLUE HERON DR	$1,799,000	$1,775,000	3	4	4172	DETACHD	58
567 10TH ST	$1,785,000	$1,870,000	4	3.1	4706	DETACHD	85

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.

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:

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)

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

Address	List Price	Beds	Baths	Total SF	Prop Type
45 EAGLE CREST DR	$249,900	2	2	1046	CONDO
5225 JEAN RD	$360,000	2	2	1100	CONDO
3990 CARMAN DR	$415,900	2	2.1	1098	CONDO
13078 FIELDING RD	$3,150,000	4	3	3936	DETACHD
2812 LAKEVIEW BLVD	$3,399,900	3	3.1	3100	DETACH

PENDING Jan 31-Feb 6, 2022

Address	List Price	Beds	Baths	Total SF	Prop Type	Days
4 TOUCHSTONE  #94	$248,000	3	2.1	1351	CONDO	7
47 EAGLE CREST DR  #36	$249,900	2	1	932	CONDO	1
4 TOUCHSTONE  #101	$268,000	4	2.1	1456	CONDO	8
86 KINGSGATE RD, H101	$349,000	2	2	918	CONDO	4
1720 KILKENNY DR	$685,000	3	2.1	1348	DETACHD	53
17763 MARDEE AVE	$741,900	5	3	2110	DETACHD	19
4503 BLACK FOREST CT	$795,000	4	2.1	2166	DETACHD	2
18582 BRYANT RD	$799,900	3	2.1	2579	DETACHD	2
19 HIDALGO ST	$998,500	4	3.1	4747	DETACHD	2
15508 DIAMOND HEAD RD	$3,480,000	3	4	3900	DETACHD	169

SOLD Jan 31-Feb 6, 2022

Address	Opening	Closed	Prop Type	SF	Beds	Baths	Days
6317 CARMAN DR	$      650,000	$      560,000	DETACHD	1344	3	1.1	78
52 NORTHVIEW CT	$      649,900	$      635,000	ATTACHD	2198	3	2.1	54
4966 GALEN ST	$      600,000	$      656,000	DETACHD	1699	3	2	5
115 TOUCHSTONE TER	$      709,000	$      670,000	ATTACHD	2560	4	3.1	79
302 LAUREL ST	$      679,000	$      684,000	DETACHD	1907	3	2	6
175 FURNACE ST/Upper	$   1,598,000	$  1,598,000	CONDO	1898	2	2.1	1
752 8TH ST	$   1,877,000	$  1,903,000	DETACHD	4032	5	3.1	27

Greetings Dear Property Blotter Readers! Last week we had just one property come to market, and that one was on the market in December/then something happened & it came back as available. It is a beautiful home! I used to live right up the hill from it and though it backs to a busy road, the landscaping and well-nurtured privacy they’ve created is really something to see. Plus, it is in a coveted spot in Palisades! It’s very near to where the Palisades Market used to be…I called it Planet Palisades as when you walked in the door (which I did often), the ambience and the people who worked there really did make your day…every time. There is a New Seasons slated to go in that space and I have a feeling they will carry that whole tradition forward. The 7 Dees landscaping nursery is also nearby, as is a really nice Thai dining place, as well as easy access on Stafford or South Shore or Hwy 43…its all close, and the list goes on. Check it out if you’re looking.

We also saw 11 properties move to Pending status, and 10 that Closed/Sold. Right now there are 36 properties available in Lake Oswego from $248,000 to $5.2.

Here is the breakdown for last week according to RMLS:

NEW Jan 17-23, 2022

Address	List Price	# Beds	# Baths	Total SF	Prop Type
1720 KILKENNY DR	$        699,900	3	2.1	1348	DETACHD

PENDING Jan 17-23, 2022

Address	List Price	# Beds	# Baths	Total SF	Prop Type	Days
100 KERR PKWY  #38	$185,000	1	1	628	CONDO	123
30 CRESTFIELD CT	$290,000	2	2	989	CONDO	1
1719 ASPEN CT	$575,000	3	2	1444	DETACHD	49
16940 SW TRACY AVE	$650,000	4	1.2	1656	DETACHD	88
17763 MARDEE AVE	$741,900	5	3	2110	DETACHD	6
8 DA VINCI ST	$779,000	5	3	2906	DETACHD	4
19001 REDWING WAY	$829,000	3	2.1	2116	DETACHD	3
12962 KNAUS RD	$829,000	3	2.1	1952	DETACHD	230
14361 SHERBROOK PL	$899,000	3	2.1	2100	DETACHD	2
17095 WESTVIEW DR	$985,000	4	3	3356	DETACHD	2
13888 SHIREVA DR	$1,200,000	5	2.1	3827	DETACHD	4

SOLD Jan 17-23. 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY  #19	$170,000	$170,000	1	1	617	CONDO	52
200 SW Burnham RD  #203	$299,000	$296,000	2	1	1199	CONDO	29
4429 THUNDER VISTA LN	$479,900	$455,000	2	2.1	2002	CONDO	111
4 PREAKNESS CT	$550,000	$500,000	3	2	1985	ATTACHD	32
4939 HAMPTON CT	$895,000	$900,000	4	2.1	2971	DETACHD	62
41 AQUINAS ST	$785,000	$985,000	4	3.1	3558	DETACHD	1
425 KENWOOD RD	$1,090,000	$1,140,000	3	2.1	3527	DETACHD	6
223 Cornell CT	$965,000	$1,190,000	5	3.1	3756	DETACHD	10
1913 CHERYL CT	$1,895,000	$1,699,000	4	4.1	5341	DETACHD	103
4247 LORDS LN	$2,650,000	$2,275,000	4	3.1	3785	DETACHD	115

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.

This first full week in the New Year we had only ONE property go on the market in Lake Oswego, and that one is a major fixer/possible rebuild over by George Rogers Park (per the Listing). In my Master’s Group, Realtors are begging each other to list the properties they have in their pockets. My guess is that Sellers are seeing the news of Omicron likely hitting peak soon to then taper off… and so are holding on a bit longer. IMHO there may be a flood of new properties hitting the market in the near future, and anyone in their right mind ought to list their property *now*. All in all, if you’re Buying… hold ‘yer horses! Things will change soon.

There were 11 properties that moved to Pending status and 16 that Closed/Sold last week as well. Right now there are 38 homes available in Lake Oswego.

Here is the data according to RMLS:

NEW Jan 3-9, 2022

Address	List Price	# Beds	# Baths	Total SF	Prop Type
143 CHURCH ST	$700,000	2	1	1220	DETACHD

PENDING Jan 3-9, 2022

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
200 SW Burnham RD, #203	$299,000	2	1	1199	CONDO	29
4632 LOWER DR, B2	$320,000	2	1.1	1170	CONDO	19
16250 PACIFIC HWY, #75	$355,000	3	2	1593	CONDO	29
1694 BONNIEBRAE DR	$415,000	2	1	864	ATTACHD	2
4325 SILVER CT / Upper	$499,000	3	2.1	1844	CONDO	49
1247 CEDAR ST	$550,000	3	2	2022	DETACHD	9
1719 ASPEN CT	$575,000	3	2	1444	DETACHD	31
302 LAUREL ST	$679,000	3	2	1907	DETACHD	6
770 5TH ST	$975,000	3	3.1	3180	DETACHD	45
17908 BLUE HERON DR	$1,850,000	3	4	4172	DETACHD	58
4247 LORDS LN	$2,275,000	4	3.1	3785	DETACHD	115

SOLD Jan 3-9, 2022

Address	Opening Price	Closed Price	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY #51	$      179,000.00	$      186,000.00	1	1	617	CONDO	7
4 TOUCHSTONE  #76	$      234,900.00	$      228,000.00	2	2	984	CONDO	27
4610 LOWER DR / Main	$      325,000.00	$      310,000.00	2	1.1	1260	CONDO	22
86 KINGSGATE RD, E203	$      325,000.00	$      325,000.00	2	2	924	CONDO	3
4000 CARMAN DR  #92	$      349,000.00	$      349,000.00	2	2	999	CONDO	12
1455 HALLINAN ST	$      639,900.00	$      650,000.00	3	2.1	1325	DETACHD	5
8 PHEASANT RUN	$      649,950.00	$      675,000.00	4	2.1	1845	DETACHD	5
5431 BONITA RD	$      859,000.00	$      835,000.00	4	3	2784	DETACHD	15
548 4TH ST	$  1,524,900.00	$  1,450,000.00	3	4.1	3186	ATTACHD	103
19317 LORNA LN	$  1,699,000.00	$  1,515,000.00	5	4.1	4634	DETACHD	186
4118 GLACIER LILY ST	$  1,499,500.00	$  1,625,000.00	4	3.1	4452	DETACHD	3
312 9TH ST	$  1,650,000.00	$  1,650,000.00	3	2.1	2686	DETACHD	8
1155 CRESTLINE CT	$  2,195,000.00	$  2,010,998.00	5	4.1	7438	DETACHD	73
16847 GREENBRIER RD	$  2,598,000.00	$  2,598,000.00	3	2.1	2360	DETACHD	0
16767 GRAEF CIR	$  2,950,000.00	$  2,700,000.00	4	4.1	4222	DETACHD	13
1226 NORTHSHORE RD	$  7,000,000.00	$  5,500,000.00	4	5.1	6330	DETACHD	160

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:

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

• There were 2,229 New Listings in Nov 2021, down slightly at 0.4% from Nov 2020’s 2,238 and also down a whopping 31.0% from the previous month/Oct’s 3,232 (normal, seasonal stuff).
• At 2,832, Nov 2021’s Closed Sales are up 3.2% from Nov 2020’s 2,745, and dropped 9.5% from the previous month/Oct’s total of 3,129
• At 2,660, Oct 2021’s Pending Sales increased 4.0% from Nov 2020’s 2,557, and decreased 16.5% from the previous month/Oct’s total of 3,187.
• The Average Sale Price in Nov 2021 of $575,600 is up $54,400 from last year/Nov 2020’s $521,200, and nearly the same as the previous month/Oct’s $575,200.   
• The “Median” Sale Price (the price smack dab in the middle of all sales) in Nov 2021 of $517,800 rose $60,800 from last year/Nov 2020’s $457,000, and was also up $1,800 from the previous month/Oct’s $516,000.

LAKE OSWEGO:

92 Active Listings (Oct 138)
99 New Listings  (Oct 146)
124 Pending Sales (Oct 152)
134 Closed Sales    (Oct 142)
Average Sale Price for Nov: $964,300 (Oct $853,200)
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.
36 Days on the Market   (Oct 27)