Linda Rossi – Property Blotter

September 16, 2021September 16, 2021

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

Address	List Price	# Beds	# Baths	Total SF	Prop Type
100 KERR PKWY #2	$199,000	2	2	822	CONDO
316 CERVANTES CIR #316	$220,000	2	1	832	CONDO
4000 CARMAN DR, C44	$260,000	2	2	866	CONDO
68 WHEATHERSTONE CT	$549,900	4	3.1	2465	CONDO
26 PREAKNESS CT	$663,000	2	1.1	1654	ATTACHD
16624 ROOSEVELT AVE	$699,900	3	2	2802	DETACHD
4085 BUCK BRUSH LN	$729,000	3	2	2489	DETACHD
4104 LAKEVIEW BLVD	$849,000	4	2	2244	DETACHD
180 IRON MOUNTAIN BLVD	$1,495,000	5	4	3378	DETACHD
1839 PALISADES LAKE CT	$1,499,000	4	3.1	4570	DETACHD
3330 CEDAR CT	$1,649,000	4	3.1	4467	DETACHD

PENDING Sept 6-12, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
79 OSWEGO SMT / Upper	$239,000	2	2	1212	CONDO	2
200 BURNHAM RD #402	$355,000	2	2	1305	CONDO	10
210 S STATE ST #9	$525,000	3	2.1	1642	CONDO	19
12572 BOONES FERRY RD	$525,000	4	2	1577	DETACHD	113
17902 TAMARA AVE	$569,900	4	2	2082	DETACHD	59
17830 SW TUALATA AVE	$595,000	3	2	1373	DETACHD	30
825 OAK ST	$595,000	3	2	1335	DETACHD	4
656 3RD ST	$675,000	3	2	1200	DETACHD	5
12363 CLARA LN	$699,999	3	1	1390	DETACHD	3
1571 WOODLAND TER	$715,000	3	2	2400	DETACHD	121
20 DA VINCI ST	$799,900	5	3	3089	DETACHD	1
48 SPINOSA	$799,900	4	3.1	2848	DETACHD	33
6413 MCDUFF CT	$1,035,000	3	2.1	3091	DETACHD	3
17151 WALL ST	$1,099,000	6	4	4141	DETACHD	79
5349 CARMAN GROVE LN	$1,298,000	4	3	2903	DETACHD	22
2420 PRESTWICK RD	$1,420,000	6	3.1	3723	DETACHD	73
4715 FIRWOOD RD	$1,452,561	4	3	3586	DETACHD	4
2088 CREST DR	$6,995,000	4	6.1	8259	DETACHD	91

SOLD Sept 6-12, 2021

Address	Opening	Closed	# Beds	# Baths	Total SF	Prop Type	CDOM
12826 Boones Ferry RD	$445,000	$434,000	2	2.1	1182	CONDO	6
15115 QUARRY RD	$725,000	$650,000	4	3	2865	DETACHD	19
457 LAUREL ST	$650,000	$660,000	3	3	2264	DETACHD	14
6666 SW CHILDS RD	$750,000	$725,000	3	1	2408	DETACHD	8
12 MORNINGVIEW LN	$730,000	$730,000	3	2.1	2718	ATTACHD	4
13366 AUBURN CT	$750,000	$735,000	3	2.1	2492	ATTACHD	11
49 DA VINCI ST	$739,000	$772,000	3	2	2351	DETACHD	26
1430 LARCH ST	$815,000	$800,000	3	3	2312	DETACHD	7
5466 BAY CREEK DR	$789,000	$820,000	3	3	2535	DETACHD	4
1672 HIGHLAND DR	$699,900	$825,000	4	2	1867	DETACHD	4
18360 TUALATA AVE	$845,000	$891,000	5	2.1	2703	DETACHD	10
1739 PALISADES TERRACE DR	$1,095,000	$975,000	4	2.1	3654	DETACHD	33
16750 PHANTOM BLUFF CT	$899,000	$975,000	3	3	2267	DETACHD	2
4750 UPPER DR	$1,149,000	$1,035,000	5	3.1	3091	DETACHD	125
2011 RIDGEWOOD LN	$999,900	$1,050,000	5	3.1	3115	DETACHD	75
4721 FIRWOOD RD	$1,425,000	$1,449,995	4	3	3236	DETACHD	0
2950 GREENTREE RD	$1,495,000	$1,495,000	4	3.1	3691	DETACHD	8
2167 WEMBLEY PARK RD	$1,750,000	$1,780,000	4	3.1	4015	DETACHD	9
13217 AMBER PL #1`	$1,650,000	$2,000,000	4	3.1	3861	DETACHD	474

September 5, 2021September 5, 2021

History of Labor Day

Labor Day pays tribute to the contributions and achievements of American workers and is traditionally observed on the first Monday in September. It was created by the labor movement in the late 19th century and became a federal holiday in 1894 under President Grover Cleveland.

Peter J. McGuire, a carpenter and labor union leader and Matthew Maguire were the two who who came up with the idea for Labor Day. They thought American workers should be honored with their own day. Peter was the vice president of the American Federation of Labor and Matthew was secretary of the Central Labor Union in New York. Some stories say these men with similar last names were actually brothers. In any case, they chose a date midway between the Fourth of July and Thanksgiving. The weather would be ideal for parades and picnics, two events we still enjoy on Labor Day today. They proposed his idea to New York’s Central Labor Union early in 1882, and they thought the holiday was a good idea, too. This holiday was in response to a series of worker strikes in the late 19th century as workers protested against unfair working conditions.

The first Labor Day holiday was celebrated on Tuesday, September 5, 1882, in New York City, in accordance with the plans of the Central Labor Union. The Central Labor Union held its second Labor Day holiday just a year later, on September 5, 1883.

***Data from: earthsky.org, history.com, americaslibrary.com, Wikipedia, NY Times

September 4, 2021September 4, 2021

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

Address	List Price	# Beds	# Baths	Total SF	Prop Type
4 TOUCHSTONE #157	$224,900	2	2	984	CONDO
200 BURNHAM RD #402	$355,000	2	2	1305	CONDO
750 1ST ST / Upper	$615,900	2	2	1350	CONDO
656 3RD ST	$675,000	3	2	1200	DETACHD
6472 SW DAWN ST	$695,000	3	2	1032	DETACHD
4848 LOWER DR	$822,000	4	3	2531	DETACHD
658 BOCA RATAN DR	$967,000	4	3.1	3593	DETACHD
17001 WESTVIEW DR	$968,500	3	2	2005	DETACHD
6413 MCDUFF CT	$1,035,000	3	2.1	3091	DETACHD
16164 PARKER RD #1	$1,395,000	5	4	3257	DETACHD
548 4TH ST	$1,524,900	3	4.1	3186	ATTACHD
1913 CHERYL CT	$1,895,000	4	4.1	5341	DETACHD

PENDING Aug 30-Sept 5, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
100 KERR PKWY, #31	$185,000	1	1	617	CONDO	5
100 KERR PKWY, #43	$214,900	2	2	823	CONDO	41
36 CRESTFIELD CT / Upper	$279,900	2	1	921	CONDO	48
4000 CARMAN DR E70	$299,900	2	2	974	CONDO	3
4652 LOWER DR / Upper	$350,000	2	1.1	1170	CONDO	4
5101 JEAN RD	$475,000	3	1	1012	DETACHD	5
16691 BONAIRE AVE	$499,900	3	1	1110	DETACHD	3
5711 MCEWAN RD	$565,000	3	2	1467	DETACHD	10
8 BOLIVAR ST	$640,000	2	2	2149	DETACHD	3
16 WALKING WOODS DR	$649,000	3	2.1	2897	DETACHD	11
14 PREAKNESS CT	$669,000	2	2.1	2190	ATTACHD	6
3065 ROYCE WAY	$750,000	4	2.1	2726	DETACHD	46
15509 PARTRIDGE DR	$789,900	4	3	2299	DETACHD	3
4545 BLACK FOREST CT	$799,000	4	2.1	2168	DETACHD	2
759 TIMBERLINE DR	$835,000	4	3	2928	DETACHD	70
19431 KOKANEE CT	$849,900	4	2.1	2214	DETACHD	4
17994 SAINT CLAIR DR	$900,000	5	2.1	3916	DETACHD	3
920 YORK RD	$985,000	4	3	2026	DETACHD	2
2936 SW ORCHARD HILL PL	$989,000	4	2.1	4089	DETACHD	61
4261 COBB WAY	$1,089,000	4	3	2362	DETACHD	1
13536 STREAMSIDE DR	$1,150,000	4	3.1	3033	DETACHD	7
15776 INVERURIE RD	$1,299,000	3	2	2352	DETACHD	74
14495 PFEIFER DR	$1,299,900	4	3	3944	DETACHD	21
4531 WEST RD	$1,429,000	3	3.1	3926	DETACHD	54
16650 FIR LN	$1,898,000	4	3.1	3860	DETACHD	8
929 CUMBERLAND RD	$2,495,000	5	6.1	5129	DETACHD	3
1199 FAIRWAY RD	$3,498,000	4	4.2	5527	DETACHD	33

SOLD Aug 30-Sept 5, 2021

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE #69	$220,000	$220,000	3	2.1	1351	CONDO	33
5058 FOOTHILLS DR, A	$420,000	$418,000	3	2	1252	CONDO	8
1 PEACOCK PL	$529,000	$500,000	3	2.1	1336	DETACHD	30
17500 PILKINGTON RD	$460,000	$500,000	2	1	1050	DETACHD	8
13198 PETERS RD	$695,000	$677,750	3	2.1	2630	DETACHD	29
605 7TH ST	$775,000	$750,000	2	1	2035	DETACHD	3
4 SHERWOOD CT	$825,000	$757,000	4	2.1	2870	DETACHD	16
16901 LAKERIDGE DR	$729,000	$762,500	4	3	2080	DETACHD	3
1033 SPRUCE ST	$765,000	$775,000	3	2.1	1663	DETACHD	4
18260 Indian Creek DR	$759,000	$790,000	3	2	2082	DETACHD	11
17730 MARYLBROOK DR	$850,000	$840,000	3	2.1	2951	DETACHD	14
17211 ROBB PL	$790,000	$840,000	3	2	2085	DETACHD	5
491 COUNTRY CLUB RD	$865,000	$850,000	4	2	2486	DETACHD	97
14121 REDWOOD CT	$969,900	$867,500	4	3.1	2827	DETACHD	24
4987 BILFORD LN	$799,900	$890,000	3	2.1	2302	DETACHD	5
19531 RIVER RUN DR	$899,900	$975,000	4	2.1	2440	DETACHD	5
13060 SW ELK ROCK RD	$1,178,000	$1,100,000	4	3	3681	DETACHD	9
13207 DEERFIELD CT	$1,175,000	$1,125,000	4	3.1	3801	DETACHD	35
17543 LAKE HAVEN DR	$1,185,000	$1,125,000	4	2.1	2333	DETACHD	9
12730 ADRIAN CT	$1,295,000	$1,178,000	4	2.1	3014	DETACHD	24
5428 ROYAL OAKS DR	$1,200,000	$1,200,000	6	3.1	4994	DETACHD	7
4210 VIRGINIA WAY	$1,549,000	$1,365,000	4	4.1	3508	DETACHD	58
151 3RD ST #1	$1,499,000	$1,475,000	3	2.1	3278	CONDO	37
2805 SOUTHSHORE BLVD	$1,300,000	$1,553,050	2	2.1	2623	DETACHD	3
3155 UPPER DR	$1,599,900	$1,720,000	4	3	3297	DETACHD	1
2165 RIDGE POINTE DR	$2,100,000	$1,828,000	5	4	4749	DETACHD	29
2572 GLEN EAGLES PL	$2,595,000	$2,300,000	5	4.2	6532	DETACHD	107
18000 EASTRIDGE LN	$2,495,000	$2,495,000	4	4.1	5610	DETACHD	6
17575 S CRESTLINE DR	$3,500,000	$2,925,000	5	4.2	7496	DETACHD	48
3328 LAKEVIEW BLVD	$6,398,000	$6,175,000	4	5.1	6675	DETACHD	18

August 22, 2021August 22, 2021

News & Notes ~ July Numbers 2021

Here is your look at the latest numbers as released by RMLS for the overall Portland area and how Lake Oswego fits in just below.

Overview/Fluctuations ~ Market Data July 2021: Things typically start to slow a bit in July. We saw a change in the usual pattern last year with activity pushing through the summer months. This year there is still lots of activity, but for two months in a row we see prices in some areas looking like they *may* be showing signs of jockeying into some kind of stabilization. We’ll check again next month.

Inventory rose another .1% in July, so people are perhaps starting to reach the end of their “waiting-to-sell” ropes. We usually see an uptick in the fall after vacations, so again, we’ll take a look at the trend next month to see if there really is a pattern developing. If there is… I can only say it’s a pretty subdued one. Houses are still hard to come by driving higher prices. Rates are around 3.125%.

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

There were 4,267 New Listings in July 2021 increasing 0.7% over July 2020’s 4,236 and decreasing 0.7% from the previous month/June’s 4,298.
At 3,439, July 2021’s Closed Sales are up 1.4% from July 2020’s 3,391, dropping 1.1% from the previous month/June’s total of 3,477
At 3,534, June 2021’s Pending Sales decreased 8.3% from July 2020’s 3,656, and also dropped 5.1% from the previous month/June’s total of 3,534.
The Average Sale Price in July 2021 of $593,100 is up $90,800 from last year/July2020’s $502,300, and down $4,000. from the previous month/June’s $597,100.
The “Median” Sale Price (the price smack dab in the middle of all sales) in July 2021 of $522,000 rose $77,000 from last year/July 2020’s $445,000, and also increased $1,000 from the previous month/June’s $521,000.

LAKE OSWEGO:

165 Active Listings (June 146)
214 New Listings (June 262)
177 Pending Sales (June202)
184 Closed Sales (June 229)
Average Sale Price for July: $1,020,600 (June $1,018,100)
- 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.
19 Average Days on the Market (June 21)

August 19, 2021August 19, 2021

Market Activity ~ Aug 9-15, 2021

This last week we saw 10 properties enter the market, 31 move to Pending status (accepted offers) and 26 that Closed/Sold. This is the first time in awhile that I’ve not eliminated any “refreshed” properties from the “New” category…no need for refreshing, I suppose. Right now there are 90- beautiful homes available in Lake Oswego.

NEW Aug 9-15, 2021

Address	List Price	Beds	Baths	SF	Prop Type
210 S STATE ST #9	$535,000	3	2.1	1642	CONDO
17830 SW TUALATA AVE	$595,000	3	2	1373	DETACHD
26 BRIARWOOD RD	$665,000	4	3.1	2554	DETACHD
6666 SW CHILDS RD	$750,000	3	1	2408	DETACHD
16510 MAPLE CIR	$899,000	4	2.1	2295	DETACHD
5923 BAY POINT DR	$925,000	5	3	3187	DETACHD
4224 HAVEN ST	$1,199,950	5	2	2600	DETACHD
14495 PFEIFER DR	$1,299,900	4	3	3944	DETACHD
15012 TWIN FIR RD	$2,395,000	5	3.1	3845	DETACHD
1051 SW FOREST MEADOWS WAY	$4,149,000	6	6.1	5597	DETACHD

PENDING Aug 9-15, 2021

Address	List Price	Beds	Baths	SF	Prop Type	CDOM
4 TOUCHSTONE #62	$204,950	3	2.1	1351	CONDO	46
47 EAGLE CREST DR #41	$230,000	2	1	932	CONDO	14
4 TOUCHSTONE #74	$235,000	3	2.1	1351	CONDO	8
12848 BOONES FERRY RD	$425,000	2	2.1	1182	CONDO	0
12826 Boones Ferry RD	$445,000	2	2.1	1182	CONDO	6
41 ORIOLE LN	$500,000	2	2	1564	DETACHD	10
17 AQUINAS ST	$599,900	3	2	2139	DETACHD	6
4241 COBB WAY	$599,950	3	2	1484	DETACHD	8
18431 INDIAN CREEK DR	$635,000	4	2	1736	DETACHD	17
457 LAUREL ST	$650,000	3	3	2264	DETACHD	14
5795 LANGFORD LN	$659,000	2	2	1687	DETACHD	0
1672 HIGHLAND DR	$699,900	4	2	1867	DETACHD	4
2697 LOOKOUT CT	$720,000	3	2	2219	DETACHD	29
12 MORNINGVIEW LN	$730,000	3	2.1	2718	ATTACHD	4
16904 CHERRY CREST AVE	$759,000	3	2	2167	DETACHD	2
5466 BAY CREEK DR	$789,000	3	3	2535	DETACHD	4
1580 WOODLAND TER	$835,000	3	2.1	2430	DETACHD	4
18360 TUALATA AVE	$845,000	5	2.1	2703	DETACHD	10
14121 REDWOOD CT	$885,000	4	3.1	2827	DETACHD	24
16750 PHANTOM BLUFF CT	$899,000	3	3	2267	DETACHD	2
41 TOUCHSTONE	$920,000	4	3	3090	DETACHD	21
18430 PILKINGTON RD	$1,095,000	4	3	3021	DETACHD	77
5316 CHILDS RD	$1,097,770	6	2.1	3847	DETACHD	318
12730 ADRIAN CT	$1,195,000	4	2.1	3014	DETACHD	24
14360 UPLANDS DR	$1,230,000	4	3.2	2577	DETACHD	16
17467 WESTVIEW DR	$1,275,000	4	3.1	4119	DETACHD	4
2950 GREENTREE RD	$1,495,000	4	3.1	3691	DETACHD	8
2442 PALISADES CREST DR	$1,598,000	4	2.1	3071	DETACHD	4
855 G AVE	$2,000,000	3	2.1	3710	DETACHD	17
1889 HIGHLANDS LOOP	$5,499,000	5	6.1	6832	DETACHD	20
3328 LAKEVIEW BLVD	$6,398,000	4	5.1	6675	DETACHD	18

SOLD AUG 9-15, 2021

Address	Opening	Closed	Beds	Baths	SF	Prop Type	CDOM
39 OSWEGO SMT	$269,000	$280,500	2	2	1212	CONDO	3
4041 JEFFERSON PKWY	$289,000	$300,000	1	1.1	1060	CONDO	4
1367 BONNIEBRAE DR	$399,000	$400,000	2	1.1	1008	ATTACHD	2
1509 BONNIEBRAE DR	$482,900	$507,000	3	2.1	1739	ATTACHD	6
23 FALSTAFF ST	$649,000	$600,000	3	2	1435	DETACHD	38
5051 TUALATA LN	$714,900	$640,000	4	2	1581	DETACHD	37
5880 ROCKWOOD CT	$656,500	$680,000	3	2	1772	DETACHD	2
18811 REAO CT	$639,900	$705,000	3	2.1	1916	DETACHD	7
18426 SANDPIPER WAY	$688,000	$705,000	4	3	1884	DETACHD	5
537 COUNTRY CLUB RD	$849,000	$760,000	3	2	1901	DETACHD	93
13041 THOMA RD	$770,000	$760,000	3	2.1	2418	DETACHD	4
1811 KILKENNY DR	$758,000	$780,000	4	3	3794	DETACHD	0
32 MORNINGVIEW CIR	$750,000	$799,000	3	2.1	2718	DETACHD	7
1672 LAKE FRONT RD	$650,000	$805,000	3	2	1768	DETACHD	5
2440 OVERLOOK DR	$879,900	$825,000	4	3	3850	DETACHD	15
5895 SUNCREEK DR	$749,000	$910,000	4	2	2379	DETACHD	5
17 WESTRIDGE DR	$875,000	$935,000	4	3.2	3533	DETACHD	11
3830 TEMPEST DR	$999,995	$937,000	3	2.1	3099	DETACHD	22
16933 GREENTREE AVE	$874,900	$975,000	4	2.1	2276	DETACHD	28
1931 PARK FOREST CT	$1,025,000	$1,085,000	6	4.1	4107	DETACHD	6
17649 WOODHURST PL	$1,198,000	$1,120,000	5	4.1	5669	DETACHD	103
4440 UPPER DR	$1,899,000	$1,850,000	4	3.1	3583	DETACHD	42
18783 STAFFORD RD	$2,295,000	$1,875,000	5	4.2	5757	DETACHD	147
1978 EGAN WAY	$2,198,000	$2,095,150	4	5.2	6761	DETACHD	64
18098 PILKINGTON RD	$2,199,000	$2,277,000	4	5.1	6680	DETACHD	6
3183 DOUGLAS CIR	$3,450,000	$3,450,000	4	4.1	5595	DETACHD	0

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.

August 9, 2021August 10, 2021

Someone’s Got to Do It!

Monday, August 9th is Realtor Day at the Street of Dreams. Dianne and I decided to get a jump on everything and visited a day early. I know she wants to do a post on trends, so I won’t share the most fun pictures with you, but here we are as real human Realtors doing the hard investigative work for YOU!

Here is Dianne in very good hands (sorry…couldn’t resist : )

Again… we work hard for you.

Dianne hated this bathroom ; )

AND we’re learning that (as we wipe our brows) we really need to avail ourselves of the help that has become so common in all of our lives. (So bougie…)

Lastly, with all that energy we save by not having to mow our lawns, we can now relax with a few of our best moves on the court.

Seriously, it was a lovely day. Dianne and I get to see a lot of homes obviously, but its always a treat to see the latest trends in layout, materials, fixtures & colors. As I mentioned, Dianne will be covering these trends, so I’ll let her share the meaty stuff, but I will say that it is very worth your while this year. Here is a link to get your ticket! You may visit 10AM-9PM through August 22nd. They’re closed Mondays & Tuesdays. CLICK HERE

August 6, 2021August 6, 2021

Market Activity ~ July 26-Aug 1, 2021

There were 11 homes entering the market last week, 19 that moved to Pending status (accepted offers) and 30 that Closed/Sold. Right now there are 109 lovely properties available in Lake Oswego!

Here is the breakdown using RMLS data:

NEW July 26-Aug 1, 2021

	List Price	Beds	Baths	SF	Type
47 EAGLE CREST DR #41	$230,000	2	1	932	CONDO
4 TOUCHSTONE #143	$239,000	3	2.1	1351	CONDO
1589 BOCA RATAN DR	$470,000	3	2	1611	ATTACHD
457 LAUREL ST	$650,000	3	3	2264	DETACHD
18431 INDIAN CREEK DR	$660,000	4	2	1736	DETACHD
15964 WHITE OAKS DR	$949,900	4	2.1	3015	DETACHD
13060 SW ELK ROCK RD	$1,178,000	4	3	3681	DETACHD
7 GARIBALDI ST	$1,450,000	4	3.1	6303	DETACHD
14050 GOODALL RD	$2,350,000	5	4.2	6943	DETACHD
2643 SOUTHSHORE BLVD	$3,300,000	3	3.2	4543	DETACHD
1199 FAIRWAY RD	$3,498,000	4	4.2	5527	DETACHD

PENDING July 26-Aug 1, 2021

Address	List Price	Beds	Baths	SF	Type	Days
4 TOUCHSTONE #66	$205,000	3	2.1	1351	CONDO	6
16250 PACIFIC HWY #78	$343,500	2	2	1305	CONDO	35
5058 FOOTHILLS DR, A	$420,000	3	2	1252	CONDO	8
17500 PILKINGTON RD	$460,000	2	1	1050	DETACHD	8
15115 QUARRY RD	$650,000	4	3	2865	DETACHD	19
5101 ROSEWOOD ST	$665,000	3	2.1	1736	DETACHD	4
13198 PETERS RD	$695,000	3	2.1	2630	DETACHD	29
17 MORNINGVIEW CIR	$785,000	3	2.1	2532	DETACHD	6
4987 BILFORD LN	$799,900	3	2.1	2302	DETACHD	5
1520 EASTVIEW CT	$963,000	4	4	3789	DETACHD	4
4750 UPPER DR	$1,100,000	5	3.1	3091	DETACHD	125
17543 LAKE HAVEN DR	$1,185,000	4	2.1	2333	DETACHD	9
427 9TH ST	$1,199,000	5	3.1	3250	DETACHD	12
17190 WALL ST	$1,395,000	5	4.2	6702	DETACHD	131
151 3RD ST #1	$1,499,000	3	2.1	3278	CONDO	37
2167 WEMBLEY PARK RD	$1,750,000	4	3.1	4015	DETACHD	9
2572 GLEN EAGLES PL	$2,195,000	5	4.2	6532	DETACHD	107
1677 LESLIE LN	$2,390,000	4	6.1	7534	DETACHD	147
2945 UPPER DR	$2,500,000	4	4.1	4227	DETACHD	0

SOLD July 26-Aug 1, 2021

Address	Open	Closed	Beds	Baths	SF	Type
42 CERVANTES CIR #4B	$250,000	$261,000	2	1.1	912	CONDO
153 OSWEGO SMT, Lower	$279,990	$269,000	2	2	1677	CONDO
163 OSWEGO SMT, Upper	$285,000	$310,000	2	2	1506	CONDO
16250 PACIFIC HWY #41	$360,000	$350,000	2	2	1380	CONDO
#10	$515,000	$500,000	2	2.1	1743	CONDO
5616 CHILDS RD	$495,000	$536,000	3	1	1232	DETACHD
53 ORIOLE LN	$549,000	$545,000	3	2.1	2072	DETACHD
38 NORTHVIEW CT	$638,900	$618,000	4	4	3125	ATTACHD
1701 ASPEN CT	$663,800	$663,800	3	2	1956	DETACHD
5 BECKET ST	$685,000	$685,000	4	2.1	3654	DETACHD
17 CHURCHILL DOWNS	$649,900	$712,000	4	3	1966	DETACHD
217 HIDALGO ST	$769,900	$737,450	3	2.1	4312	DETACHD
5440 BAY CREEK DR	$775,000	$840,000	3	2.1	2442	DETACHD
9 PREAKNESS CT	$849,900	$875,000	4	3	3750	DETACHD
1692 HIGHLAND DR	$795,000	$905,000	4	3	2162	DETACHD
1874 GLENMORRIE TER	$950,000	$952,000	3	3	3508	DETACHD
1503 PINE ST	$875,000	$959,000	4	3	2842	DETACHD
5681 YORKSHIRE CT	$894,900	$962,500	4	2.1	2985	DETACHD
1704 GLENMORRIE TER	$950,000	$965,000	5	2.1	4292	DETACHD
663 CARRERA LN	$899,000	$1,000,000	3	2	2356	DETACHD
125 FURNACE ST, Upper	$995,000	$1,075,000	2	2.1	1927	CONDO
12723 ADRIAN CT	$1,098,000	$1,098,000	4	3	3190	DETACHD
5933 SUNCREEK DR	$1,250,000	$1,200,000	4	3.2	4027	DETACHD
18635 WESTVIEW DR	$1,150,000	$1,275,000	4	5	5102	DETACHD
19305 HILL TOP RD	$1,375,000	$1,405,000	4	3.1	5116	DETACHD
569 7TH ST	$1,450,000	$1,450,000	4	4	3135	DETACHD
4502 LAMONT WAY	$1,795,000	$1,675,000	4	4	3880	DETACHD
301 IRON MOUNTAIN BLVD	$1,649,000	$1,752,000	4	3.2	3036	DETACHD
2254 KNAUS RD	$4,125,000	$3,900,000	4	5.1	7436	DETACHD
1617 LAKE FRONT RD	$4,500,000	$4,500,000	4	4.1	4610	DETACHD

July 26, 2021July 26, 2021

News & Notes ~ June Numbers 2021

Here is your look at the latest numbers as released by RMLS for the overall Portland area and how Lake Oswego fits in just below.

Overview/Fluctuations ~ Market Data June 2021:

New Listings and Closings increased in June, and/but Accepted Offers (Pendings) decreased from last year’s June figures as well as last month /May.

Inventory rose a whopping .1% in June (ha ha). We’re still at record (record) lows. While we’re talking records, check out those neighborhood appreciation levels below. Just wow.

My trusted mortgage advisor says rates are down a bit to 3.0%! Fed is indicating that they’ll continue to support the markets as the job picture improves.

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

There were 4,298 New Listings in June 2021 increased 17.5% over April 2020’s 3,658 and increased 8.2% from the previous month/May’s 3,971.
At 3,477, June 2021’s Closed Sales are up 28.3% from June 2020’s 2,709, and also up 9.2% from the previous month/May’s total of 3,183
At 3,534, June 2021’s Pending Sales decreased 3.3% from June 2020’s 3,654, and also dropped 4.9% from the previous month/May’s total of 3,717.
The Average Sale Price in June 2021 of $597,100 is up $117,400 from last year/June2020’s $479,700, and up $14,900. from the previous month/May’s $582,200.
The “Median” Sale Price (the price smack dab in the middle of all sales) in June 2021 of $521,000 rose $86,000 from last year/June 2020’s $435,000, and also increased $6,000 from the previous month/May’s $515,000.

LAKE OSWEGO

146 Active Listings (May 129)
262 New Listings (May 222)
202 Pending Sales (May223)
229 Closed Sales (May 199)
Average Sale Price for June: $1,018,100 (May $928,300)
- 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.
21 Average Days on the Market (May 28)

July 24, 2021July 24, 2021

Market Activity ~ July 12-18, 2021

This last week there were 14 properties entering the market, 25 moving to Pending/accepted contract, and 20 that Sold/Closed. here is the latest according to RMLS:

NEW July 12-18, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
29 CRESTFIELD CT / Grnd	$249,900	2	2	989	CONDO
36 CRESTFIELD CT / Upper	$295,000	2	1	921	CONDO
18281 WOOD THRUSH CIR	$715,000	4	2.1	2240	DETACHD
2697 LOOKOUT CT	$720,000	3	2	2219	DETACHD
1430 LARCH ST	$815,000	3	3	2312	DETACHD
4 SHERWOOD CT	$825,000	4	2.1	2870	DETACHD
3065 ROYCE WAY	$835,000	4	2.1	2726	DETACHD
14121 REDWOOD CT	$969,900	4	3.1	2827	DETACHD
1535 PINE ST	$1,100,000	3	2.1	2390	DETACHD
427 9TH ST	$1,199,000	5	3.1	3250	DETACHD
45 NANSEN SMT	$1,250,000	4	4.1	5874	DETACHD
12730 ADRIAN CT	$1,295,000	4	2.1	3014	DETACHD
732 ELLIS AVE	$2,350,000	4	2.1	3482	DETACHD
17475 BLUE HERON RD	$3,995,000	5	5.1	5787	DETACHD

PENDING July 12-18, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
45 EAGLE CREST DR #49	$249,900	2	2	1214	CONDO	5
163 OSWEGO SMT / Upper	$285,000	2	2	1506	CONDO	2
4041 JEFFERSON PKWY	$289,000	1	1.1	1060	CONDO	4
16250 PACIFIC HWY #41	$360,000	2	2	1380	CONDO	20
6135 SHAKESPEARE ST	$549,900	4	2	1656	DETACHD	21
16501 LAKE FOREST BLVD	$550,000	3	1	1429	DETACHD	28
31 ORIOLE LN	$569,000	3	3	1968	DETACHD	4
17902 TAMARA AVE	$569,900	4	2	2082	DETACHD	4
6545 SW Childs RD	$600,000	6	4	3134	DETACHD	1
23 FALSTAFF ST	$629,000	3	2	1435	DETACHD	38
18811 REAO CT	$639,900	3	2.1	1916	DETACHD	7
6227 WAYZATA CT	$649,999	3	1.1	1232	DETACHD	7
5880 ROCKWOOD CT	$656,500	3	2	1772	DETACHD	2
4 PIMLICO TER	$690,000	3	2	2100	DETACHD	3
9 SPINOSA	$749,000	2	2.1	2250	DETACHD	5
1811 KILKENNY DR	$758,000	4	3	3794	DETACHD	0
17802 HILLSIDE WAY	$779,800	4	2.1	3026	DETACHD	23
759 TIMBERLINE DR	$825,000	4	3	2928	DETACHD	21
16933 GREENTREE AVE	$874,900	4	2.1	2276	DETACHD	28
3333 ROYCE WAY	$949,900	3	2.1	2896	DETACHD	7
18320 DELENKA LN	$995,000	4	2.1	4519	DETACHD	67
17649 WOODHURST PL	$1,198,000	5	4.1	5669	DETACHD	103
4210 VIRGINIA WAY	$1,489,000	4	4.1	3508	DETACHD	58
19395 HILL TOP RD	$1,575,000	5	3.2	4788	DETACHD	4
13700 FIELDING RD	$4,998,000	5	4.2	5802	DETACHD	3

SOLD July 12-18, 2021

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
23 CRESTFIELD CT / Grnd	$199,000	$220,000	1	1	689	CONDO	2
4 TOUCHSTONE #123	$215,000	$225,000	3	2.1	1351	CONDO	26
45 EAGLE CREST DR #311	$245,000	$260,000	2	2	1046	CONDO	2
4000 CARMAN DR, E80	$289,000	$289,000	2	2	993	CONDO	28
3892 BOTTICELLI ST / Main	$303,500	$305,000	3	2	1288	CONDO	4
5691 WINDFIELD LOOP	$599,000	$594,000	3	2	1588	DETACHD	6
16775 WESTVIEW DR	$629,000	$693,000	3	2	1806	DETACHD	4
13019 SIERRA CT	$819,000	$805,000	4	2.1	2522	DETACHD	8
19001 BARTON RD	$899,000	$830,000	4	2.1	2194	DETACHD	13
18343 ANDUIN TER	$995,000	$970,000	4	2.1	3000	DETACHD	19
5774 BAY POINT DR	$1,195,000	$1,119,000	5	2.1	3674	DETACHD	25
18711 WESTVIEW DR	$1,195,000	$1,200,000	4	3.1	3592	DETACHD	6
5024 DOGWOOD DR	$1,195,000	$1,358,000	4	3.1	3267	DETACHD	2
4640 DOGWOOD DR	$1,550,000	$1,400,000	4	4	4142	DETACHD	9
560 4TH ST	$1,449,000	$1,450,000	3	4.1	3186	ATTACHD	23
3729 ELEANOR CT	$1,598,000	$1,500,000	4	4.1	4061	DETACHD	9
18031 MEADOWLARK LN	$1,585,000	$1,525,000	4	3.1	3798	DETACHD	5
853 D AVE	$1,950,000	$1,812,500	4	3.1	5137	DETACHD	56
1845 PALISADES TERRACE DR	$3,650,000	$2,990,000	3	2.1	2674	DETACHD	17
1125 MAPLE ST	$3,900,000	$3,650,000	4	3.1	6254	DETACHD	82

July 11, 2021July 11, 2021

When Looking At Houses~

Notice the light and assess the windows– Have they been updated? If not, that’s an investment ahead.
Try to ignore the staging and/or personal belongings– You’re potentially buying the house, and not these distracting things. They can, and in the case of staging, are meant to elicit emotional reactions in you. Stay focused on the house.
Ask about the heat source– Different heating/cooling methods can drastically change your experience of the home in both functionality and in cost to you. For instance, if the source is “Electric”, that can be more expensive if it refers to baseboard, and much less expensive if it is a mini-split system. Oil heat has its own challenges, and gas furnaces may or may not be up to the task of heating a home today, especially if its been remodeled and additional SF has been added.
Pay attention to how SF is presented– If a home is 2000SF, and 1000 of that is unfinished basement space, you may want to assess ahead of time if that is a home you want to view.
Lot size & amenitites– You have general ideas of either wanting lots of space and/or privacy, or wanting to be in a friendly “neighborhood” environment with smaller lots closer together. Each home will be different.
- Do you have pets? If so, check out fencing and whether it’s adequate. If not, that can be fixed, but its an investment.
- Some large lots will be set back and have minimal yard space to enjoy with most of the area in the entrance, say, or perhaps a good percentage of the lot’s SF is on a hill.
- Some homes will be high maintenance, ie, if a home has that “falling in love” factor, and it is because of the beautiful gardens surrounding it on all sides….remember that those gardens need care- Are you a gardener? Are you OK with paying someone to maintain those grounds? Just good questions to ask yourself.
- Some smaller lots may be set closer to the street with ample backyard space.
- You’ll want to note whether the home has covered areas outside which can add more living space for you in the rainy months.
Is the flooring to your liking? – If not that can be fixed, but its an investment. On the other hand, if a home has everything you want, the price is right, and you hate carpet, flooring can likely be changed for much less than you imagine, and often for much less than it will cost you to keep looking and pay for a different home that is priced higher than the actual cost of flooring because it is called “updated” or “remodeled” in the Listing. It’s fairly common to have a flooring contractor lined up to do the flooring work the day after Closing so that your move-in timeline is only slightly affected.
Hate the kitchen counters? See my advice on flooring above.
Keep things in perspective- While many homes will just not fit the bill, in this market, it pays to really assess what is important and what can be changed to your liking with a little investment on your part after Closing. For years now Buyers have not been in the mood to make any changes and have generally been looking for “move-in-ready”. Right now, we are at historic lows in inventory and have been for many months. If you find a home that meets most of your needs and/but could use a tweak here & there, my advice is: Go for it! Consider it an opportunity to make it your own.