Last week in Lake Oswego the market remained strong. There were 24 new listings, 8 of which moved quickly to pending status, 27 properties that went under contract and became pending, and 17 sold/closed properties.
We had a big interest rate hike yesterday. This is bound to have an impact. I will be eager to see the market activity reports for the next few weeks as it will let us see the changes that the increased rates are creating.
See below for RMLS details.
New on the Market June 6-12, 2022
| Address | Type | Price | BR | Bath | Sq Feet |
| 4 Touchstone #85 | Condo | $244,900 | 3 | 2.5 | 1351 |
| 29 Oswego Summit | Condo | $260,000 | 1 | 1 | 669 |
| 86 Kingsgate Rd H104 | Condo | $355,000 | 2 | 2 | 840 |
| 12822 Boones Ferry Rd | Condo | $479,900 | 2 | 2.5 | 1136 |
| 885 McVey Ave | Detached | $569,000 | 3 | 1 | 1341 |
| 4510 Lower Dr | Condo | $575,000 | 3 | 2.5 | 1729 |
| 6240 Burma Rd | Detached | $699,900 | 3 | 2 | 1724 |
| 939 Devon Ln | Detached | $775,000 | 3 | 2 | 2249 |
| 1435 Ash St | Detached | $799,900 | 5 | 3 | 2532 |
| 1561 Woodland Terr | Detached | $825,000 | 3 | 2.5 | 2184 |
| 19 Touchstone | Detached | $935,000 | 4 | 3 | 2789 |
| 2777 Glen Haven Rd | Detached | $1,200,000 | 4 | 2.5 | 2560 |
| 13248 Rogers Rd | Plncomm | $1,399,000 | 5 | 3.5 | 3003 |
| 688 6th St | Detached | $1,940,000 | 4 | 2.5 | 2939 |
| 720 6th St | Detached | $2,300,000 | 4 | 3.5 | 4601 |
| 1475 Chandler Rd | Detached | $3,495,000 | 4 | 4.5 | 4863 |
Pending June 6-12, 2022
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 100 Kerr Pkwy $54 | Condo | $192,000 | 1 | 1 | 617 | 30 |
| 45 Eagle Crest Dr #504 | Condo | $240,000 | 1 | 1 | 768 | 19 |
| 45 Eagle Crest Dr #407 | Condo | $259,000 | 2 | 1.5 | 1056 | 67 |
| 4000 Carman Dr #40 | Condo | $300,000 | 2 | 2 | 906 | 3 |
| 196 Cervantes | Condo | $369,000 | 2 | 1.5 | 1241 | 24 |
| 5062 Foothills Dr F | Condo | $445,000 | 2 | 2 | 1252 | 17 |
| 6331 Shakespeare St | Detached | $519,900 | 3 | 1.5 | 992 | 51 |
| 13296 Vermeer Dr | Detached | $725,000 | 3 | 2.5 | 1860 | 10 |
| 639 1st St | Attached | $749,900 | 2 | 2.5 | 1391 | 9 |
| 5499 Royal Oaks Dr | Detached | $786,000 | 3 | 2 | 1817 | 3 |
| 1537 Ash St | Detached | $850,000 | 4 | 3.5 | 2433 | 2 |
| 17 Masaryk St | Detached | $985,000 | 4 | 3 | 4726 | 1 |
| 19057 Olson Ave | Detached | $899,000 | 4 | 2.5 | 2464 | 9 |
| 13160 Princeton Ct | Detached | $899,000 | 4 | 2.5 | 3252 | 42 |
| 907 Oak St | Detached | $899,000 | 3 | 2 | 2409 | 6 |
| 29 Del Prado St | Detached | $1,050,000 | 4 | 2 | 3037 | 12 |
| 4581 Heritage Ln | Detached | $1,088,000 | 3 | 2.5 | 2118 | 24 |
| 16018 Waluga Dr | Detached | $1,150,000 | 4 | 2 | 2200 | 19 |
| 13324 Boones Ferry Rd | Detached | $1,195,000 | 4 | 2.5 | 3386 | 20 |
| 17953 Saint Clair Dr | Detached | $1,299,900 | 7 | 3.5 | 5438 | 21 |
| 873 Country Commons | Detached | $1,395,000 | 4 | 3 | 3609 | 26 |
| 18084 Westminster Dr | Detached | $1,399,000 | 5 | 3.5 | 5020 | 51 |
| 17637 Woodhurst Pl | Detached | $1,429,990 | 6 | 4.5+.5 | 4833 | 1 |
| 725 Oak Meadow Ct | Detached | $1,625,000 | 4 | 2.5+.5 | 3753 | 8 |
| 1281 Tyndall Ct | Detached | $1,679,000 | 4 | 3.5 | 4049 | 3 |
| 13740 Knaus Rd | Detached | $1,895,000 | 4 | 3.5 | 4459 | 2 |
| 5455 Childs Rd | Detached | $2,395,000 | 4 | 3.5 | 3870 | 2 |
Sold/Closed June 6-12, 2022
| Address | Type | List Price | Sold Price | Sq Feet | DOM |
| 45 Eagle Crest Dr #405 | Condo | $195,000 | $170,000 | 1056 | 47 |
| 47 Eagle Crest Dr #37 | Condo | $229,000 | $225,000 | 672 | 0 |
| 45 Eagle crest Dr #510 | Condo | $255,000 | $247,500 | 830 | 2 |
| 32 Condolea Dr | Condo | $525,000 | $483,100 | 1420 | 28 |
| 2 Montain Cricle | Attached | $499,000 | $500,000 | 1,372 | 4 |
| 43 Ladd St | Detached | $699,500 | $719,500 | 2632 | 7 |
| 17311 Mandi Ln | Detached | $695,000 | $720,000 | 1779 | 6 |
| 16393 Kimball St | Detached | $705,000 | $746,000 | 1522 | 4 |
| 5875 Bonita Rd | Detached | $955,000 | $839,000 | 2650 | 24 |
| 3205 Edgemont Rd | Detached | $774,900 | $950,000 | 2028 | 4 |
| 343 3rd St | Attached | $935,000 | $1,010,000 | 2101 | 3 |
| 4331 Sundew Ct | Detached | $1,099,000 | $1,150,000 | 2790 | 4 |
| 2855 Upper Dr | Detached | $1,195,000 | $1,195,000 | 1932 | 11 |
| 4089 Orchard Way | Detached | $995,000 | $1,215,000 | 2743 | 3 |
| 5563 Bay Creek Dr | Detached | $995,000 | $1,260,000 | 2913 | 3 |
| 224 Iron Mountain Blvd | Detached | $1,795,000 | $1,850,000 | 2964 | 4 |
| 820 Fairway Rd | Detached | $1,930,000 | $2,106,000 | 3758 | 2 |
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.