Market Activity Jan 6-12, 2025

Market activity has picked back up with 12 new listings, 7 pending sales, and 11 closed purchases in Lake Oswego last week. That is about twice what was happening the last couple of weeks of 2024. One of the new listings sold super fast and appears in this report as a pending sale.

I get excited as we come out of the holidays. My phone starts to ring and the energy builds as we move foreword into the new year. I love it!

See below for RMLS data.

New on the Market Jan 6-12, 2025

AddressTypePriceBedroomsBathsSq Feet
62 Galen StCondo$210,00011552
35 OswegoCondo$275,000221212
4000 Carman Dr F90Condo$340,00022834
4057 Jefferson PkwyCondo$365,00032.51282
1760 Oak StDetached$675,000521680
16011 Parker RdDetached$775,000321506
54 Aquinas StDetached$850,00042.52774
1122 Erickson StDetached$1,050,000321611
8 Walking Woods DrDetached$1,075,000543401
13560 Goodall Rd #3Detached$4,998,00044.54750
13560 Goodall Rd #7Detached$5,290,00045.55964

Pending Sales Jan 6-12, 2025

AddressTypePriceBedroomsBathsSq FeetDOM
45 Eagle Crest Dr #506Condo$225,00011600131
4316 Botticelli StCondo$450,00022.522608
4291 Woodside CirAttached$634,90032202690
16861 Cortez CtDetached$800,0003218861
4511 Oakridge RdAttached$864,00032.52129177
25 Da Vinci StDetached$925,0003330266
17010 Chapin WayDetached$1,499,90043.5403267

Sold/Closed Jan 6-12, 2025

AddressTypeList PriceClosed PriceSq FeetCDOM
82 OswegoCondo$269,900$269,90012125
100 Kerr Pkwy #40Condo$250,000$270,0008233
1349 Bonniebrae DrAttached$495,000$472,000130333
5050 Lower DrDetached$650,000$525,000222244
1621 Larch StDetached$799,000$700,000304060
3837 Carman DrDetached$1,095,000$1,155,381253137
4027 Canal Woods CtDetached$1,595,000$1,450,0004232155
19177 Hill Top RdDetached$1,999,900$1,700,0005168138
688 6th StDetached$2,335,000$2,225,000293922
3876 Lake Grove AveDetached$2,699,000$2,395,0004205211
16643 Roosevelt AveDetached$650,000$525,000222244

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

Living in Lake Oswego is an experience of community. That’s why we post these little snippets of activities offered by various groups! Here are my picks for what to do this week in Lake Oswego:

Mon, Jan 13, 2025 – 10:30 AM ~ Early Childhood Music and Movement In Mandarin Chinese (Repeats on Mondays )- This outstanding program is for young learners ages 2-5 ranging from little or no to high levels of fluency in Mandarin. The series includes movement, play, instruments and stories and is sponsored by the Friends of the Lake Oswego Public Library and admission is free/first come/first served. 706 Fourth St, Lake Oswego ~   CLICK HERE

Tues, Jan 14 , 2025 – 6:30-8:00 PM ~ Pints from the Past: Oswego Suffragists -Meet the women in early Oswego who fought to better their community. Sponsored by Friends of the Lake Oswego Public Library. This presentation and exhibit explores exactly what they did to fight for the rights we have today. (Free, AND Refreshment purchases are encouraged to offset the cost to the lake Theater & Cafe : ) – Lake Theater & Cafe, 106 North State Street, Lake Oswego More Info: CLICK HERE

Wed, Jan 15, 2025 – 1:00-3:00PM (weekly thru Feb 12th) ~Living Well with Chronic Conditions (series) ~ This program offers tools & strategies through expert guidance, peer support and practical activities. ~ACC, 505 G Ave, Lake Oswego ~ More Info :  CLICK HERE

Thurs, Jan 16, 2025 – 12:30-2:00 PM ~Poetry Group (series) ~ Bring your own poetry or bring other poetry you love and read it in this supportive environment. There is time for introductions, poetry readings and organic discussion every 3rd Thursday. ~ Lake Oswego Library, 706 Fourth St, Lake Oswego ~  More Info :  CLICK HERE

Fri, Jan 17, 2025 – 10:30-11:00 AM ~Spanish Language Story and Play (series) ~ Jessica Amezcua from Adventures in Spanish shares songs and stories for children ages 0-5 and their caregivers. Repeats every 3rd Friday ~Lake Oswego Library, 706 Fourth St, Lake Oswego~ More Info: CLICK HERE

Sat, Jan 18, 2024 – 1:00PM-5:00PM – Teen Study Session ~ With finals around the corner, teens are encouraged to use this space to study and prepare WITH SNACKS! Quieter than with your brothers & sisters running around, and who can resist the snacks! Study groups are Ok too. ~ Lake Oswego Library,706 Fourth St, Lake Oswego ~ More Info : CLICK HERE

Market Activity ~ Dec 30, 2024-Jan 5, 2025

Last week as we ushered 2025 in the door, Lake Oswego had 5 properties enter the market, 6 move to Pending status and 9 that Closed/Sold.

Right now there are 142 lovely homes available in Lake Oswego ranging from $190,000 to $8,800,000.

Here is the breakdown:

NEW Dec 30, 2024-Jan 5, 2025

AddressList PriceBedsBathsSFProp Type
4323 LAKEVIEW BLVD$299,95021.1912CONDO
800 FAIRWAY RD$450,00022.12260CONDO
12535 SW BOONES FERRY RD$479,900321829DETACHD
38 CERVANTES CIR$640,000421483DETACHD
4316 BOTTICELLI ST$1,295,000322037DETACHD

PENDING Dec 30, 2024-Jan 5, 2025

AddressList PriceBedsBathSFProp TypeDays
3433 MCNARY PKWY #505$375,00022.11608CONDO30
12535 SW BOONES FERRY RD$479,900321829DETACHD3
4312 BOTTICELLI Bldg B ST #8$485,00022.12285ATTACHD90
8 BRITTEN CT$515,000221175ATTACHD7
18625 BRYANT RD$550,000311586DETACHD14
2651 LOOKOUT CT$699,00052.12472DETACHD154

SOLD Dec 30, 2024,Jan 5, 2025

AddressOpeningClosedBedsBathsSFProp TypeDays
100 KERR PKWY #54$200,000$165,00011617CONDO188
317 CERVANTES / Grnd$359,000$340,000221209CONDO85
4047 JEFFERSON PKWY$359,900$355,00032.11259ATTACHD135
84 KINGSGATE RD$699,900$630,00032.11701DETACHD121
5722 FERNBROOK WAY$715,000$680,000321580DETACHD39
580 8TH ST$1,695,000$1,435,000331788DETACHD92
1115 NORTHSHORE RD$1,950,000$1,665,00044.14306DETACHD166
17522 BRYANT RD$1,795,000$1,745,000443616DETACHD57
1228 MAPLE ST$2,279,000$2,038,00043.13505DETACHD601

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings (***We’ve used “Days” in each category for ease of understanding) .

Market Activity Dec 23-29, 2024

Because last week included the Christmas holiday, I just don’t expect there to have been much real estate activity. And there wasn’t with 3 houses that came onto the market, 2 that went pending, and 6 that were fully sold with closed contracts. I also have to note that real estate is happening at all times, every single week of the year.

See below for RMLS data.

New on the Market Dec 23-29, 2024

AddressTypePriceBedroomsBathsSq Feet
4 Touchstone #63Condo$310,00022974
8 Britten CtAttached$515,000221175
4587 Trillium WoodsAttached$995,00032.52278

Pending Dec 23-29, 2024

AddressTypePriceBedroomsBathsSq FeetDOM
44 Eaglecrest Dr #13Condo$299,00032108529
1463 Greentree CircleDetached$899,90042.5204835

Sold/Closed Dec 23-29,2024

AddressTypeList PriceClosed PriceSq FeetCDOM
154 Oswego SummitCondo$325,000$275,0001506139
5061 Foothills Dr CCondo$419,000$410,000107726
1819 Boca Ratan DrAttached$589,900$600,000158358
1803 Boca Ratan DrAttached$650,000$641,680178018
17291 Cedar RdDetached$1,049,000$995,0002,8726
18560 Westview DrDetached$1,500,000$1,150,0003411155

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

Peace and Joy to You and Yours

As we do every year, we’ll be taking a short hiatus and will be back with all the Lake Oswego market news that you can use in 2025!

Whatever holiday you may celebrate this season, on this Christmas Day, Dianne and I wish you and your loved ones a home filled with all the cozy things you associate with this time of year. In this big world, we continue to be grateful for so many things, and we wish you more of exactly what fills you with Joy.

Merry Christmas, Happy Hanukkah and Joyous Holidays to you!

Dianne & Linda

Market Activity ~ Dec 16-22, 2024

Amid the holiday bustle last week, Lake Owego saw 5 properties enter the market (New), 11 Offers accepted (Pending) and 11 that Sold/Closed. Right now there are 155 lovely homes available ranging from $190,000 to $8,800,000.

By the way… Dianne and I are never too busy for our Property Blotter readers! At any time of year.

Here is the breakdown:

NEW Dec 16-22, 2024

AddressList PriceBedsBathsSFProp Type
16250 Pacific Hwy #78$345,000$221305CONDO
3433 MCNARY PKWY #505$375,000$22.11608CONDO
18521 Don Lee WAY$599,000$32994DETACHD
120 KINGSGATE RD$715,000$32.11699DETACHD
17700 UPPER CHERRY LN$5,500,000$56.17189DETACHD

PENDING Dec 16-22, 2024

AddressList PriceBedsBathsSFProp TypeDays
100 KERR PKWY #54$169,900$11617CONDO188
47 EAGLE CREST DR #48$220,000$11696CONDO10
82 OSWEGO / Upper$269,900$221212CONDO5
46 CRESTFIELD CT / Upper$309,900$21923CONDO156
3433 MCNARY PKWY #805$344,000$22.11136CONDO96
18521 Don Lee WAY$599,000$32994DETACHD3
120 KINGSGATE RD$715,000$32.11699DETACHD3
4694 WINTHROP CT$1,050,000$42.12250DETACHD7
1525 MAPLE ST$1,500,000$33.12796DETACHD4
17010 CHAPIN WAY$1,545,000$43.14032DETACHD43
17341 WESTVIEW DR$1,898,000$43.13647DETACHD314

SOLD Dec 16-22, 2024

AddressOpeningClosedBedsBathsSFProp TypeDays
123 OSWEGO SUMMIT / Upper$285,000$279,000$221212CONDO131
4 TOUCHSTONE #77$365,000$307,500$32.11351CONDO179
4 TOUCHSTONE DR #147$349,950$321,000$32.11351CONDO81
3926 CARMAN DR$390,000$375,000$22.11259CONDO223
1 WALKING WOODS DR$500,000$480,900$32.12264DETACHD8
18538 HALLBERG CT$575,000$535,000$31870DETACHD29
1830 CLOVERLEAF RD$1,327,500$1,095,000$32.11879DETACHD125
15112 QUARRY RD$1,950,000$1,620,000$64.13953DETACHD138
2165 RIDGE POINTE DR$2,189,000$1,953,017$544749DETACHD115
1960 MAPLELEAF RD$2,450,000$2,145,000$55.14099DETACHD678
4375 SOUTHSHORE BLVD$10,500,000$10,500,000$55.16147DETACHD9

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings (***We’ve used “Days” in each category for ease of understanding) .

A Very Special House

I don’t know about you, but one of my favorite activities at this time of year is driving around looking at the lights on houses. There are a few neighborhoods that are especially festive: Westlake, Palisades, really, most of LO. But there is a house that is really amazing. The owner’s go all out.

Officially known as Todd and MIchelle’s Winter Wonderland, it is located at 19242 Indian Springs: on the corner of Indian Springs and Child’s Rd.

There’s plenty of parking and the owners love it when people take the time to get out of their cars and really look at all of the displays. I don’t think that there is a square foot of house or yard that isn’t covered with lights and decorations.

Christmas is the main event, but these home owners also do stunning displays for Halloween and Easter. It’s really fun to make the drive over and take it all in.

Happy holidays,

Dianne

Market Activity Dec 9-15, 2024

Real estate activity last week was pretty strong. Here we are, 2 weeks before Christmas, and 7 houses were listed for sale. One of those sold quickly and appears in this report as a pending sale. 12 houses moved to pending status and 13 properties closed escrow and officially sold. That feels like pretty strong activity for this time of year.

See below for RMLS data.

New Listings Dec 9-15, 2024

AddressTypePriceBedroomsBathsSq Feet
47 Eagle Crest Dr #48Condo$220,00011696
5062 Foothills Dr ACondo$410,00011.51252
1674 Fircrest DrDetached$839,900421998
1951 Greentree RdDetached$1,199,000332449
2160 Crest DrDetached$1,295,000422690
720 Kenola CtDetached$1,495,00033.53727

Pending Sales Dec 9-15, 2024

AddressTypePriceBedroomsBathsSq FeetDOM
100 Kerr Pkwy #40Condo$250,00021.58233
4047 Jefferson PkwyAttached$359,90032.512592
3962 Carman DrCondo$380,00022.51129156
5050 Lower DrDetached$699,00032.5127831
5722 Fernbrook WayDetached$699,00032158039
1621 Larch StDetached$745,00042.5304060
1560 Cherry Crest AveDetached$789,00032.5180853
580 8th StDetached$1,495,00033178888
19177 Hill Top RdDetached$1,799,90053.55168138
3096 Wembley Park RdDetached$2,200,00054416588
1720 Fernwood DrDetached$2,249,900443853172
3876 Lake Grove AveDetached$2,395,00053.54205211

Sold Closed Dec 9-15, 2024

AddressTypeList PriceSold PriceSq FeetCDOM
29 Oswego SummitCondo$209,000$209,00066949
16250 Pacific Hwy #71Condo$299,000$258,8001305543
4 Touchstone #126Condo$272,900$268,9009840
25 Crestfield CtCondo$314,900$289,90099542
146 OswegoCondo$327,000$309,9001212212
16200 Pacific Hwy #2Condo$525,000$500,000119054
5320 Chinook CtDetached$575,000$560,000100897
5132 Timbergrove StDetached$610,000$612,00014392
4582 Trillium WoodsAttached$849,900$790,000192725
1327 Cedar StDetached$964,900$790,00019275
17644 Tree Top LnDetached$1,250,000$1,056,0004240123
14186 Kimberly CirDetached$1,150,000$1,100,000322635
2800 Wembley Park RdDetached$2,600,000$2,971,45745380

Criteria:Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings

Portland Area Nov 2024 Stats + LO

Here is your breakdown from the previous month, November, for Portland and surrounding areas including LO broken out at the bottom. ***Be sure to check out the Neighborhood Report which categorizes down into smaller pieces.

The Holiday are here and while things naturally slow down a bit, there is plenty going on! Little has changed in the most active price ranges being pursued, and West Portland seems to be the winner so far in overall Price/Value. Inventory rose slightly, and we’re waiting on news from the Fed this week to see if they lower rates.

Rates: “Rates are now hovering around the 6.0% to 5.999% range, depending on score and down payment.  The markets are expecting the Fed to cut the Fed Funds Discount Rate by another .25% at this week’s meeting.” Gretchen Russell, Senior Mortgage Consultant, Two Rivers Mortgage

According to the RMLS Market Action Report for the Portland Metro Area November 2024:

  • There were 1,459 New Listings in November which decreased 20.2% from the 1,828 in Nov 2023  and down 36.1% from the 2,283 in the previous month/Oct.
  • At 1,681 Nov 2024’s Closed Sales (Solds) are up 25.1% from Nov 2023’s 1,344 and down 14.9% from the previous month’s total of 1,975.
  • At 1,582 Nov 2024’s Pending Sales (Accepted Offers) are up 9.8% from Nov 2023’s 1,441, and decreased 21.6% from the previous month/Oct’s total of 2,018.
  • The Average Sale Price for November 2024 of, $615,700 is up$19,600. from last year/Nov $596,100, and up $11,500 from the p­­revious month/Oct’s $604,200. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in Nov 2024 of $535,000 is up by $7,400 from Nov 2023’s $527,600, and down $5,000 from Oct’s $540,000.    

LAKE OSWEGO: (Month of November ’24)

253 Active Listings (Oct 305)
63 New Listings  (Oct 108)
72 Pending Sales (Oct 90)
79 Closed Sales  (Oct 93)
Average Sale Price for Nov$1,044,400 (Oct $1,103,400)
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.
79 Days on the Market   (Oct 67)

The data listed above is as reported by the Regional Multiple Listing Service (RMLS)

Market Activity ~ Dec 2-8, 2024

Hello Property Blotter Readers! Well, there’s a chill in the air & holiday season is in full swing, but when housing is an issue, that doesn’t stop anyone. Last week Lake Owego saw 9 properties enter the market (New), 13 Offers accepted (Pending) and 10 that Sold/Closed. Right now there are 167 lovely homes available ranging from $190,000 to $8,800,000.

Here is the breakdown:

NEW Dec 2-8, 2024

AddressList PriceBedsBathsSFProp Type
47 EAGLE CREST DR #42$295,00021932CONDO
302 LAUREL ST$799,000321988DETACHD
5759 WASHINGTON CT$1,195,00042.12343DETACHD
1202 Cedar ST$1,575,00033.12748DETACHD
3485 UPPER DR$1,575,00042.13334DETACHD
1214 Cedar ST$1,695,00043.13193DETACHD
13636 GOODALL RD$2,588,00044.14497DETACHD
1870 EGAN WAY$3,695,00044.14644DETACHD
693 TERRACE DR$3,850,00043.13297DETACHD

PENDING Dec 2-8, 2024

AddressList PriceBedsBathsSFProp TypeDays
154 Oswego Summit #22$299,900221506CONDO139
317 CERVANTES / Grnd$359,000221209CONDO85
3926 CARMAN DR$390,00022.11259CONDO223
5058 FOOTHILLS DR, F$414,800221370CONDO51
1349 BONNIEBRAE DR$479,00031.11303ATTACHD33
1 WALKING WOODS DR$500,00032.12264DETACHD8
1819 BOCA RATAN DR$589,900321583ATTACHD58
16643 SW ROOSEVELT AVE$650,000422222DETACHD44
17802 HILLSIDE WAY$929,00042.13004DETACHD190
1830 CLOVERLEAF RD$1,160,00032.11879DETACHD125
5759 WASHINGTON CT$1,195,00042.12343DETACHD3
17522 BRYANT RD$1,795,000443616DETACHD57
553 6TH ST$2,325,00043.13605DETACHD36

SOLD Dec 2-8, 2024

AddressOpeningClosedBedsBathsSFProp TypeDays
4 Touchstone #110$270,000$275,00022989CONDO6
4055 JEFFERSON PKWY$379,900$329,00022.11210CONDO46
2818 POPLAR WAY$650,000$562,000311056DETACHD268
6238 McEwan RD$595,000$595,000311170DETACHD23
10 GREENRIDGE CT$630,000$615,000222063ATTACHD55
4737 Lakeview BLVD$949,000$926,00042.12673DETACHD50
111 LADD ST$1,250,000$1,139,00032.12303DETACHD46
16610 WOODSMAN CT$1,475,000$1,300,000433462DETACHD112
5464 SOUTHWOOD DR$1,450,000$1,425,000533687DETACHD16
3159 DOUGLAS CIR$1,850,000$1,765,00064.14571DETACHD190

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings (***We’ve used “Days” in each category for ease of understanding) .