Author: Linda Rossi

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Portland Metro Neighborhood Stats + LO

Here is your monthly look at what’s happening in Portland metro and how it relates to Lake Oswego (broken out at the bottom):

Overview/Fluctuations ~ August 2023 Market Data:                                                                      

In August Inventory showed a bit of a dip but not much. We still have a pretty pronounced shortage of homes persisting. Prices are down from July in most places. Check out the Neighborhood Report below for specifics on various parts of Portland’s metro & surrounding areas.

Rates: “The Fed meets this week and no moves are expected. That is a good sign for rates moving forward”       Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS Market Action Report  for the Portland Metro Area-August 2023:

  • There were 2,923 New Listings in August– which is down 8.9% from 3,209 in August 2022 and  up 0.8% from the 2,899 in the previous month/July.
  • At 2,155 August 2023’s Closed Sales (Solds) are down 16.5% from August 2022’s 2,581, and increased 12.7% from the previous month’s total of 1,912.
  • At 2,053 August 2023’s Pending Sales (Accepted Offers) are down 18.9% from August 2022’s 2,530, and also down 4.3% from the previous month/July’s total of 2145.
  • The Average Sale Price for August 2023 of, $608,300 is up a slight  $600. from last year/August 2022’s $607,700, and down $12,100 from the previous month/July’s $620,400. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in August 2023 of $536,000 dropped $12,400 from August 2022’s $548,400, & $13,900 from July’s $549,900.

NEIGHBORHOODS REPORT:

LAKE OSWEGO: (August ’23)

290 Active Listings (Jul 274)
151 New Listings  (Jul 176)
93 Pending Sales (Jul 109)
111 Closed Sales  (Jul 113)
Average Sale Price for August: $1,184,900 (Jul $990,700)
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.
44 Days on the Market   (Jul 31)

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

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Market Activity ~ Sept 4-10, 2023

Last week Lake Oswego saw 20 properties enter the market, 13 move to Pending status, and 11 Closed/Sold. Right now there are 195 homes to choose from ranging from $220,000 to $11,500,000.

Here is the breakdown:

NEW Sept 4-10, 2023

AddressList PriceBedsBathsSFProp Type
12802 BOONES FERRY RD$395,000$22.11225CONDO
782 LAUREL ST$400,000$321400CONDO
47 GREENRIDGE CT$450,000$221350CONDO
668 MCVEY AVE #14$479,000$11636CONDO
2400 PARK RD$505,000$32.11182CONDO
5051 W SUNSET DR$534,900$21.11176ATTACHD
3972 CARMAN DR$620,000$22.11734ATTACHD
14051 CHELSEA DR$815,000$32.12730ATTACHD
1776 RIDGECREST DR$865,000$32.11966DETACHD
3520 LAKE GROVE AVE$875,000$52.11962DETACHD
1101 CRESTLINE CT$875,000$432704DETACHD
8 HOTSPUR ST$1,300,000433022DETACHD
455 9TH ST$1,495,000321589DETACHD
1142 CRESTLINE CT$1,549,000342550DETACHD
12 MORNINGVIEW LN$1,895,00032.12169DETACHD
1125 NORTHSHORE RD$2,598,00043.13624DETACHD
1481 GREENTREE CIR$2,600,00043.13911DETACHD
750 1ST ST #16$3,299,000$44.27226DETACHD
17264 LAKE HAVEN DR$4,950,000$55.16440DETACHD
5225 JEAN RD #106$5,995,000$44.15876DETACHD

PENDING Sept 4-10, 2023

AddressList PriceBedsBathsSFProp TypeDays
15290 QUARRY RD$499,900$31990DETACHD51
16200 PACIFIC HWY #29$500,000$221207CONDO9
42 SPINOSA$650,000$32.12056DETACHD85
107 KINGSGATE RD$674,900$321516DETACHD12
4980 SUNTREE LN$699,000$32.12135DETACHD67
4500 GALEWOOD ST$775,000$332373DETACHD65
529 LIVINGOOD LN$800,000$32.12124DETACHD4
13410 S FIELDING RD$949,000$321837DETACHD25
4840 SW DOGWOOD DR$949,000$332716DETACHD95
13920 SHIREVA DR$1,300,000$533212DETACHD12
14051 CHELSEA DR$1,300,000$433022DETACHD1
650 1ST ST, Grnd$1,500,00032.12767CONDO101
19494 SW Lorna LN$2,989,00044.24806DETACHD276

SOLD Sept 4-10, 2023

AddressOpeningClosedBedsBathsSFProp TypeDays
100 KERR PKWY #31$219,500$219,000$11617CONDO14
19201 INDIAN CREEK AVE$669,900$669,900$42.11721DETACHD7
17753 OVERLOOK CIR$824,900$824,900$433455DETACHD18
1590 HALLINAN ST$874,900$890,000$422070DETACHD4
15789 MURWOOD CT$974,900$1,055,000$42.12232DETACHD4
2411 GLEN EAGLES RD$1,250,000$1,200,000$52.12100DETACHD9
13531 FIELDING RD$1,395,000$1,400,000$43.14566DETACHD7
4665 FIRWOOD RD$1,495,000$1,587,300$32.12574DETACHD2
455 9TH ST$1,895,000$1,895,000$32.12169DETACHD0
915 OAK TER$2,435,000$2,191,777$443816DETACHD298
2936 LAKEVIEW BLVD$3,595,000$3,500,000$53.14208DETACHD4
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) .
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Market Activity ~ Aug 21-27, 2023

Last week Lake Oswego saw 16 properties enter the market, 15 move to Pending status, and 15 Sold/Close. Right now there are 185 homes available ranging from $220,000 to $11,500,000.

Here is the breakdown:

NEW Aug 21-27, 2023

AddressList PriceBedsBathsSFProp Type
30 CERVANTES CIR, Grnd$281,000$2$11112CONDO
4316 BOTTICELLI ST$495,000$2$22098CONDO
49 GREENRIDGE CT$525,000$3$21596ATTACHD
13 MOUNTAIN CIR$529,000$2$11374ATTACHD
17825 SW TUALATA AVE$535,000$3$11182DETACHD
668 MCVEY AVE #57$589,000$3$1992CONDO
141 TOUCHSTONE CT$589,000$3$22066ATTACHD
15215 BOONES WAY$639,500$3$21686ATTACHD
107 KINGSGATE RD$674,900$3$21516DETACHD
135 KINGSGATE RD$779,000$3$21720DETACHD
16 WALKING WOODS DR$779,000$3$22897DETACHD
4954 MULHOLLAND DR$819,000$32.12498ATTACHD
13104 ROGERS RD$985,000$42.12889DETACHD
2348 OVERLOOK DR$1,050,000$532567DETACHD
17867 Sundown CT$1,100,000$33.12763DETACHD
1000 BICKNER ST$1,150,000$42.11988DETACHD
13920 SHIREVA DR$1,300,000$533212DETACHD
670 1ST ST$1,515,000$3$22767CONDO
17257 BRYANT RD$2,298,000$5$34789DETACHD
3188 GLENMORRIE DR$3,650,000$5$55585DETACHD

PENDING Aug 21-27, 2023

AddressList PriceBedsBathsSFProp TypeDays
100 KERR PKWY #31$219,500$1$1617CONDO14
100 GREENRIDGE CT$525,000$3$22004ATTACHD6
49 GREENRIDGE CT$525,000$3$21596ATTACHD3
13 MOUNTAIN CIR$529,000$2$11374ATTACHD3
4323 LAKEVIEW BLVD$550,000$4$21483DETACHD6
17347 ASHLEY CT$749,000$4$22117ATTACHD79
34 CHURCHILL DOWNS$799,000$4$32080DETACHD34
15718 MURWOOD CT$840,000$3$21988DETACHD12
2255 GLEN HAVEN RD$859,000$3$32814DETACHD55
5382 ROYAL OAKS DR$1,180,000$4$22970DETACHD21
13880 KNAUS RD$1,500,000$4$33762DETACHD58

SOLD Aug 21-27, 2023

AddressOpeningClosedBedsBathsSFProp TypeDays
5052 FOOTHILLS DR, D$438,000$400,000$3$21252CONDO62
1127 Cedar St.$599,000$575,000$3$11848DETACHD50
791 4TH ST$799,900$725,000$3$21568DETACHD773
19443 KOKANEE CT$824,900$801,000$4$22888DETACHD24
31 WALKING WOODS DR$825,000$815,000$4$32855DETACHD25
5316 CHILDS RD$1,200,000$1,175,000$5$23854DETACHD21
754 5TH ST$1,250,000$1,270,000$3$32179DETACHD2
2886 UPPER DR$1,389,000$1,300,000$4$32674DETACHD184
16661 PHANTOM BLUFF CT$4,785,000$4,707,000$5$55371DETACHD1
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) .
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Portland Metro Neighborhood Stats + LO

Overview/Fluctuations ~ July 2023 Market Data:                                                                                                               

Greetings Property Blotter readers! I’ll have the August stats to you in a couple of weeks when they come out, but here is the latest full-month activity picture w/Lake Oswego broken out at the bottom~

Activity in July was down from last year and from the month prior. A slow-down in July is not  exactly unusual as people go on vacation roughly after the 4th of July onward, and then things pick back up a bit mid-August.  Lake Oswego saw an uptick in Closed Sales from 87 in June to 113 in July. Metro Area Inventory is increasing at 2.4 months for July though we still are in a crunch all over with regard to available homes in relation to demand. Metro Time-on-Market is holding at 33 days. I took a look at what price-ranges are getting the most action:  In July 2021 the hottest range was $308,000-$506,000.    July 2023: $275,000-$422,000.  

Rates: “Interest rates are being pressured higher right now. Currently, 30-year fixed rates are in the mid to upper 7% range”       Gary Boyer, Regional VP, Directors Mortgage

For the long-term, the  outlook is still positive: eight major research institutions are  all forecasting rates down next year. 

According to the RMLS Market Action Report  for the Portland Metro Area-July 2023:

  • There were 2,899 New Listings in June– which is down 23.0% from 3,763 in July 2022 and also down 12.1% from the 3,298 in the previous month/June.
  • At 1,912 July2023’s Closed Sales (Solds) are down 19.3% from July 2022’s 2,369, and also down 8.3% from the previous month’s total of 2,085.
  • At 2,145 July 2023’s Pending Sales (Accepted Offers) are down 12.3% from July 2022’s 2,445, and also down 5.6% from the previous month/June’s total of 2,272.
  • The Average Sale Price for July 2023 of, $620,400 is down $15,300 from last year/July 2022’s $635,700, and down $6,400 from the previous month/June’s $626,800. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in July 2023 of $549,900 dropped $16,100 from July 2022’s $566,000, & is down $10,000 from June’s $559,900.

LAKE OSWEGO: (July ’23)

274 Active Listings (Jun 236)
176 New Listings  (Jun 195)
109 Pending Sales (Jun 118)
113 Closed Sales  (Jun 87)
Average Sale Price for June: $990,700 (Jun $1,030,500)
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.
31 Days on the Market   (Jun 35)

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

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Searching for Properties

I thought I’d post this graphic to give you a behind-the-scenes idea of how our overall area is segmented for us Realtors to hone in on what a Buyer says they want. The powers that be have divided locations and therefore created an order of sorts to searching for properties. This translates to public searches as well as Realtor ones, and/but is interesting from our perspective because it is the quickest way for us to pull up data on statistics etc., and it also governs how people navigate online. For instance, as you can see, Lake Oswego is combined with West Linn for RMLS purposes into area 147. We can pull some Lake-Oswego-specific data, but have to use a few tricks & maneuvers to do so. Also, if a home is on the dividing line between two areas, a Realtor may find themselves weighing pro’s & cons of advertising in one area or the other when listing a home. Most of the time it’s a no-brainer what area a property fits into, but sometimes it can mean a person searching for a home in one area may not see a home if it is assigned to the area next-door. This came up recently with a rural property on the dividing line between areas 148 (which bumps up against Lake Oswego and stretches all the way to near-Sauvie Island) and 149 that may have been seen by people searching closer in to Portland but maybe not by people looking for acreage who would prefer to be farther from Portland.

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Market Activity ~ August 7-13, 2023

Last week Lake Oswego added 16 New properties to the marketplace, 15 moved to Pending status, and 15 Sold/Closed. Right now there are 184 homes available in Lake Oswego ranging from $219,500 to $11,500,000.

Here is the breakdown:

NEW Aug 7-13, 2023

AddressList PriceBedsBathsSFProp Type
100 KERR PKWY #31$219,500$11617CONDO
5117 GREENSBOROUGH CT$795,000$32.11692DETACHD
14 ICARUS LOOP$819,900$42.13201DETACHD
15718 MURWOOD CT$840,000$321988DETACHD
5222 ROSEWOOD ST$850,000$32.12414DETACHD
1590 HALLINAN ST$874,900$422070DETACHD
13410 S FIELDING RD$949,000$321837DETACHD
17890 ROYCE WAY$985,000$533108DETACHD
12 JUAREZ ST$1,100,000$43.23735DETACHD
674 1ST ST$1,195,000$22.12147CONDO
7 CELLINI CT$1,200,000$53.13560DETACHD
547 Northshore RD$2,250,00043.13766DETACHD
4929 PARK BLUFF PL$2,795,00043.14067DETACHD
18475 CRESTLINE DR$2,995,00043.14910DETACHD
16772 ALDER CIR$4,350,00043.13282DETACHD
951 ATWATER RD$6,795,00065.19163DETACHD

PENDING Aug 7-13, 2023

AddressList PriceBedsBathsSFProp TypeDays
3876 BOTTICELLI ST #31$355,000$221110CONDO7
5052 FOOTHILLS DR, D$431,000$321252CONDO62
2 CONDOLEA DR / Main$469,000$221312CONDO8
12886 BOONES FERRY RD$475,000$22.11182CONDO8
16 SAINT HELENS CIR$550,000$421482DETACHD4
1795 KILKENNY RD$595,000$321449DETACHD4
5059 W SUNSET DR$598,500$22.11794ATTACHD53
1437 OAK ST$600,000$311070DETACHD31
5071 W SUNSET DR$620,000$22.11734ATTACHD41
18 BRITTEN CT$639,900$32.11972ATTACHD56
4 ADAMS CT$699,900$42.12287DETACHD11
17753 OVERLOOK CIR$824,900433455DETACHD18
15789 MURWOOD CT$974,90042.12232DETACHD4
13531 FIELDING RD$1,395,00043.14566DETACHD7
4230 Sunset DR$1,635,00042.13250DETACHD24

SOLD Aug 7-13, 2023

AddressOpeningClosedBedsBathsSFProp TypeDays
45 EAGLE CREST DR #400$289,950$275,000$321348CONDO89
4000 CARMAN DR #35$340,000$330,000$22869CONDO30
6880 SW MONTAUK CIR, Ground$339,000$350,000$321092CONDO2
36 CONDOLEA DR$474,900$450,000$221432CONDO28
6401 SW MCEWAN RD$499,000$495,000$321050DETACHD6
6290 CARMAN DR$700,000$700,000$211828DETACHD2
17280 WESTVIEW DR$789,000$819,900$332324DETACHD13
4855 CENTERWOOD ST$825,000$900,000$32.12210DETACHD28
4584 TRILLIUM WOODS$925,000$910,000$32.12174ATTACHD8
2094 RIDGEWOOD RD$1,250,000$1,250,000$42.12616DETACHD21
17430 SCHALIT WAY$1,200,000$1,250,000$42.12480DETACHD2
5349 WASHINGTON CT$1,400,000$1,425,00043.13906DETACHD25
64 BERWICK RD$1,595,000$1,525,00043.13740DETACHD7
15985 BONAIRE AVE$1,599,000$1,620,000332910DETACHD10
5030 FIRWOOD RD$2,595,000$2,595,000544123DETACHD4
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) .
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This Week in Lake Oswego

Below are my picks for what to do in Lake Oswego this week!

Mon, Aug 7, 2023 – 7:00 PM– Development Review Meeting – Learn about new & upcoming development projects in Lake Oswego, and/or register to participate. – More Info: CLICK HERE

Tues, Aug 8 2023 – 2:30PM-4:30 PM – Slow Jam ~ Dust off your musical instrument and come join others in a relaxed setting to make some music together! – ACC, 505 G Avenue Lake Oswego More Info: CLICK HERE

Wed, Aug 9, 2023 – 6:30-8:30 AM –“Jennifer Batten & Full Steam” Wednesday Concert Series~  Come to Westlake Park for this amazing opportunity to experience one of our contemporary greats! From Superbowl halftime shows, touring with Michael Jackson, collaborating and touring with Jeff Beck, performing for Cirque Du Soleil in Las Vegas, and being inducted into Guitar Player Magazines “Gallery of the Greats” the list of accolades and accomplishments goes on and on.  Her latest project is “Jennifer Batten & Full Steam” featuring some of Portland’s finest talent- More Info :  CLICK HERE

Thurs, Aug 10, 2023 -1-3 PM – Scrabble! ~Come enjoy pl;aying this timeless word game & make new friends! ACC, 505 G Ave. – More Info:  CLICK HERE

Fri, Aug 11, 2023 – 11:30-12:30 AM -Lunch 2 Go ~ Enjoy a lunch prepared for you to go! Suggested donation $5, or $2-$4 for seniors. Order by 24 hrs ahead. Pick up at 505 G Ave More Info: CLICK HERE

Sat, Aug 12, 2023 – 8:30 AM-1:30 PM– Lake Oswego Farmers’ Market – Enjoy the region’s finest food, artisan crafts, music & fun. It’s a summertime staple in lake Oswego! – Millennium Plaza Park, 200 1st Street More Info :  CLICK HERE

Sun, June 18, 2023 -A Bookish Affair- 11-12 PM – Meet on Zoom with other Romance & “Happily Ever After” Enthusiasts! This week they’ll discuss Secret Lives of Country Gentlemen by KJ Charles.. – More Info: CLICK HERE

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Market Activity ~ July 24-30, 2023

last week there were 18 properties entering the market in Lake Oswego (new), 14 accepted Offers (Pending) and 11 that Closed/Sold. Right now there are 192 properties available ranging from $237,500 to $11.5 mil.

Here is the breakdown:

NEW July 24-30, 2023

AddressList PriceBedsBathsSFProp Type
3433 MCNARY PKWY #203$299,000221008CONDO
4 TOUCHSTONE DR #152$344,00032.11351CONDO
4089 JEFFERSON PKWY$445,00022.11361CONDO
580 S STATE ST$479,00031959CONDO
89 KINGSGATE RD$698,00032.11713DETACHD
4 ADAMS CT$699,90042.12287DETACHD
16266 PARKER RD$829,900422014DETACHD
4736 AMHERST CT$834,90032.12929ATTACHD
2432 PARK RD$875,000432386DETACHD
1525 IVY CT$875,00042.12163DETACHD
2401 MAYORS LN$900,000433076DETACHD
5418 WASHINGTON CT$1,050,00032.12186DETACHD
2411 GLEN EAGLES RD$1,250,00052.12100DETACHD
17299 LAKE HAVEN DR$1,329,00042.12656DETACHD
18635 WESTVIEW DR$1,549,000554943DETACHD
16827 SCOTT CT$1,599,00043.14179DETACHD
21 D AVE #9$2,000,00022.12291CONDO
2066 GLENMORRIE DR$2,750,000$44.14978DETACHD

PENDING July 24-30, 2023

AddressList PriceBedsBathsSFProp TypeDays
4 TOUCHSTONE DR #152$344,00032.11351CONDO2
6336 FROST ST$525,000422200DETACHD59
1127 Cedar St.$575,000311848DETACHD50
219 HIDALGO ST$799,00042.13756DETACHD50
31 WALKING WOODS DR$825,000432855DETACHD25
5311 CHILDS RD$849,50042.11929DETACHD14
875 LEE ST$850,000322200DETACHD40
4855 CENTERWOOD ST$850,00032.12210DETACHD28
15911 FIR GROVE CT$915,00042.12584DETACHD74
412 LIVINGOOD LN$950,00052.13880DETACHD33
1888 OAK KNOLL CT$1,450,00043.13022DETACHD58
18635 WESTVIEW DR$1,549,000554943DETACHD2
21 D AVE #9$2,000,00022.12291CONDO0
17254 BLUE HERON RD$2,174,900333479DETACHD25

SOLD July 24-30, 2023

AddressOpeningClosedBedsBathsSFProp TypeDays
5225 JEAN RD #309$395,000$385,000$221100CONDO15
39 GREENRIDGE CT$500,000$500,000$31.11652ATTACHD5
440 BOCA RATAN DR$769,900$785,000$321934DETACHD4
2410 PARK RD$799,999$810,000$32.11969DETACHD4
14799 UPLANDS DR$900,000$815,000$422150DETACHD43
840 LAKE FOREST DR$875,000$900,000$332344DETACHD5
4410 LORDS LN$1,399,000$1,200,000$53.13499DETACHD17
7 NANSEN$1,395,000$1,250,000$44.15640DETACHD51
586 WEIDMAN CT$1,275,000$1,275,000$53.13796DETACHD3
15470 BOONES WAY$1,390,000$1,296,000$32.13515ATTACHD121
5015 DENTON DR$1,299,500$1,335,000$42.13131DETACHD2
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) .
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Portland Metro Neighborhood Stats + LO

Here is our monthly look at the surrounding areas and LO stats broken out at the bottom:

Overview/Fluctuations ~ June 2023 Market Data:                                             Summer’s in full swing and homes priced correctly are flying off the shelf (as it were). Time on the  Market dropped from 40 days in May to 33 days (47 days in April and 57 days in March). Average & Median Prices in the greater metro area have dropped and are increasing incrementally each month. Inventory rose from 1.9 months to 2.0 in June. Buyers are out and I hear more people saying they’re waiting till later this month (July) or August to move forward with Listings, so we’ll see how next month’s report looks. Check out the Neighborhood Breakdown below as some area prices went up and some went down from May. Rates: “I’m seeing positive movement now with good inflation news. Rates are hanging in the high 6% range”       Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS Market Action Report  for the Portland Metro Area-June 2023:

  • There were 3,298 New Listings in June– which is down 23.2% from 4,295 in June 2022 and up 1.8% from the 3,200 in the previous month/May.
  • At 2,085 June 2023’s Closed Sales (Solds) are down 27.9% from June 2022’s 2,893, and up 3.8% from the previous month’s total of 2,008.
  • At 2,272 June 2023’s Pending Sales (Accepted Offers) are down 11.4% from June 2022’s 2,563, and also doen 4.5% from the previous month/May’s total of 2,379.
  • The Average Sale Price for June 2023 of, $626,800 is down $6,500 from last year/June 2022’s $633,300, and up $8,000 from the previous month/May’s $618,800. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in June 2023 of $559,900 dropped $10,100 from June 2022’s $570,000, & is up $9,900 from May’s $550,000. 

LAKE OSWEGO: (June ’23)

236 Active Listings (May 206)
195 New Listings  (May 165)
118 Pending Sales (May 122)
87 Closed Sales  (May 110)
Average Sale Price for June: $1,030,500 (May $1,043,900)
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.
35 Days on the Market   May 44)

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

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Market Activity ~ July 10-16, 2023

Last week in lake Oswego 25 properties entered the market (New), 16 moved to Pending status and 27 Closed/Sold.

Right now there are 189 properties available in Lake Oswego ranging from $237,500 to $11,500,000.

NEW July 10-16, 2023:

AddressList PriceBedsBathsSFProp Type
86 KINGSGATE RD #22$335,00022924CONDO
6880 SW MONTAUK CIR / Grnd$339,000321092CONDO
4306 BOTTICELLI ST$475,00022.22043CONDO
1437 OAK ST$660,000311070DETACHD
58 CONDOLEA TER / Grnd$699,000332958CONDO
1290 PINE ST$750,000322048DETACHD
5861 BENFIELD CT$759,900421658DETACHD
35 ORIOLE LN$785,00032.11790DETACHD
19443 KOKANEE CT$824,90042.12888DETACHD
5311 CHILDS RD$849,50042.11929DETACHD
12123 ORCHARD HILL WAY$899,90042.12841DETACHD
4584 TRILLIUM WOODS$925,00032.12174ATTACHD
12611 BOONES FERRY RD$1,195,000534042DETACHD
17430 SCHALIT WAY$1,200,00042.12480DETACHD
754 5TH ST$1,250,000332179DETACHD
17465 UPPER CHERRY LN$1,330,000543856DETACHD
13092 AMBER PL$1,500,000433146DETACHD
4230 Sunset DR$1,699,000$42.13250DETACHD
550 MIDDLECREST RD$1,999,900$32.12332DETACHD
2301 WEMBLEY PARK RD$2,100,000$43.13600DETACHD
469 7TH ST$2,295,000$43.14050DETACHD
13180 THOMA RD$2,325,000$54.15526DETACHD
19494 SW Lorna LN$3,589,000$44.24806DETACHD
2936 LAKEVIEW BLVD$3,595,000$53.14208DETACHD
3648 LAKEVIEW BLVD$5,500,000$44.14000DETACHD

PENDING July 10-16, 2023

AddressList PriceBedsBathsSFProp TypeDays
3331 FIR RIDGE RD$339,000321092CONDO2
15470 BOONES WAY$599,000$31.11012DETACHD4
550 MIDDLECREST RD$669,900$42.11721DETACHD7
19443 KOKANEE CT$699,900$32.11650DETACHD4
18591 WAXWING WAY$759,900$421658DETACHD3
5861 BENFIELD CT$824,900$42.12888DETACHD3
6880 SW MONTAUK CIR/Grnd$875,000$332344DETACHD5
5233 ROSEWOOD ST$889,000$32.12145DETACHD5
62 TOUCHSTONE$975,000$32.13002DETACHD41
19201 INDIAN CREEK AVE$999,995$533972DETACHD36
19438 TUALAMERE AVE$1,200,000$42.12480DETACHD2
17079 CHERRY CREST AVE$1,390,000$32.13515ATTACHD121
5030 FIRWOOD RD$1,999,900$32.12332DETACHD2
17430 SCHALIT WAY$2,399,900$443771DETACHD276
2936 LAKEVIEW BLVD$2,595,000$544123DETACHD4
840 LAKE FOREST DR$3,595,000$53.14208DETACHD4

SOLD July 10-16, 2023

AddressOpeningClosedBedsBathsSFProp TypeDays
100 KERR PKWY #30$176,900$148,00011617CONDO130
4 TOUCHSTONE #80$245,000$240,21022984CONDO49
29 OSWEGO / Grnd$259,900$255,00011669CONDO67
260 CERVANTES$630,000$615,00032.12551ATTACHD40
18839 KRISTI WAY$649,500$640,00031.11344DETACHD34
5785 KIMBALL CT$679,000$665,000421346DETACHD45
5237 SW DAWN ST$674,900$729,00031.11654DETACHD5
2 MORNINGVIEW PL$789,000$742,00032.11887ATTACHD5
526 2ND ST #20$789,000$785,00022.11576CONDO5
5364 ROSEWOOD ST$790,000$790,00042.11980DETACHD12
644 ELLIS AVE$875,000$790,000422335DETACHD47
1430 LARCH ST$900,000$900,000332312DETACHD0
1448 GREENTREE CIR$945,000$918,00042.12649DETACHD139
1474 GREENTREE CIR$939,000$950,000321842DETACHD3
17577 BLUE HERON CT$989,000$1,010,000532980DETACHD5
4959 BILFORD LN$995,000$1,035,00032.12456DETACHD3
13657 PROVINCIAL HILL WAY$1,100,000$1,125,00042.12790DETACHD32
302 FURNACE ST$1,195,000$1,195,000$32.11945DETACHD10
2415 PARK RD$1,265,000$1,219,000$42.12747DETACHD32
641 3RD ST #2$1,190,000$1,225,000$32.12092CONDO3
2552 PALISADES CREST DR$1,300,000$1,295,000$42.13263DETACHD26
17237 LOWENBERG TER$1,325,000$1,306,500$32.13150DETACHD3
573 2ND ST #308$1,250,000$1,326,500$22.11659CONDO3
14611 UPLANDS DR$1,595,000$1,420,000$443118DETACHD42
1930 INDIAN TRL$1,560,000$1,650,000$333260DETACHD5
17327 WESTVIEW DR$2,324,900$2,275,000$544008DETACHD13
4947 Park Bluff PL$2,400,000$2,400,000$44.14292DETACHD372
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) .