Category: General

Closed sales and pending sales are holding strong with 16 closed sales and 12 pending sales in Lake Oswego last week. This is a reflection of folks being motivated to get into their new home before the holidays. Active listings have dropped off to just 6. One of those sold quickly and appears in this report as a pending sale.

See below for RMLS data.

New Listings Oct 28-Nov 3, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet
4 Touchstone #110	Condo	$270,000	2	2	989
5061 Foothills Dr B	Condo	$419,000	2	2	1077
5722 Fernbrook Way	Detached	$715,000	3	2	1580
333 6th St	Detached	$2,325,000	4	3.5	3605
1289 Chandler Rd	Detached	$5,100,000	4	4.5+.5	5451

Pending Sales Oct 28-Nov 3, 2028

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
5 Crestfield Ct	Condo	$285,000	2	1	921	16
6313 Alyssa Ter	Attached	$499,000	3	2.5	1534	58
5320 Chinook Ct	Detached	$575,000	3	1.5	1008	97
1277 Hallinan Cir	Detached	$649,000	3	2	1242	6
1471 Greentree Cir	Detached	$899,900	4	2.5	2128	91
4737 Lakeview Blvd	Detached	$949,000	4	2.5	2673	50
5364 Denton Dr	Detached	$1,250,000	4	2.5	3143	3
18440 Delenka Ln	Detached	$1,350,000	4	3.5	4696	28
5464 Southwood Dr	Detached	$1,450,000	5	3	3687	16
14260 Uplands Dr	Detached	$1,595,000	4	3	2924	2
3131 Westview Ct	Detached	$1,899,996	4	4.5	4597	52
17575 Crestline Dr	Detached	$3,898,000	5	4.5+.5	7240	85

Sold/Closed Oct 28-Nov 3, 2024

Address	Type	List Price	Closed Price	Sq Feet	CDOM
100 Kerr Pkwy #24	Condo	$207,000	$150,000	617	46
4000 Carman Dr D57	Condo	$319,900	$291,000	836	7
5061 Foothills Dr #87	Condo	$419,000	$400,000	991	8
5225 Jean Rd #501	Condo	$445,000	$440,000	1500	8
16538 Carnegie Ave	Detached	$589,900	$520,000	1189	41
5512 Childs Rd	Detached	$729,900	$604,000	1928	224
6355 Dawn St	Detached	$625,000	$610,000	1268	113
27 Oriole Ln	Detached	$675,000	$650,000	1851	33
5437 Heritage Ln	Detached	$775,000	$759,000	1619	62
18434 Sandpiper Cir	Detached	$824,900	$824,900	1849	7
3853 Carman Dr	Detached	$1,075,000	$1,088,094	2531	5
5651 La Mesa Ct	Detached	$1,170,000	$1,175,000	2718	1
1507 Cedar St	Detached	$1,249,000	$1,200,000	2590	21
10 Sherwood Ct	Detached	$1,575,000	$1,320,000	3289	116
2990 Glen Eagles Rd	Detached	$1,495,000	$1,500,000	3787	3
17160 Wall St	Detached	$1,899,000	$1,799,000	3305	86

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

Today we awake in the same great community we fell asleep in. Over our history as a community we’ve consistently demonstrated our ability to come together, lead by example, respectfully engage in civil dialogue and care for one another as neighbors. We’re a community of mixed political beliefs but many shared values, and today, just like every day, our neighbors are counting on us to continuing supporting one another as we make Lake Oswego a community every resident feels safe and at home in, where we enhance the natural environment for future generations, where local businesses can thrive and where our kids receive an incredible education.

I’m grateful to Lake Oswego voters for another term as your mayor. In that role my first priority is to ensure our community is safe and healthy for everyone in it. The impact we all have locally from the love we hold for our City and one another as neighbors transcends any national rhetoric meant to divide and instill fear. As Oswegans we stand united behind ensuring a positive future for our City, in protecting every one of our neighbors and in standing up for what’s right and just. I look forward to walking hand and hand with you all and my colleagues on the City Council as we work toward many more shared accomplishments in the years ahead! Congratulations to Councilors Mboup, Verdick and Rapf on their re-elections and to State Rep. Daniel Nguyen on his! Our community has good people representing it thanks to you all as voters.

Joe Buck, 11/6/24

Sally Harman and Frank Gruner will be conducting a benefit concert on October 20th to benefit the victims of Hurricane Helene.

Sally and Frank have been fixtures in the music scene in Lake Oswego for years. My daughter introduced me to Sally when she was attending Lakeridge Middle School. She’s now 38 years old, so that was some time ago. Sally did a lot of volunteering at the school and my daughter really connected with her.

She and Frank perform classical and Jazz. They are wonderful!

Attendees are asked to make donations to Hurrican Helene relief efforts.

The concert will be held at the United Methodist Church, 1855 Southshore Blvd, at 4:00pm on October 20th.

It will be a fun event and, hopefully, go a long way to help others in desperate need right now.

Dianne

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 coming week in Lake Oswego:

Oct 7, 2024 – 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, Oct 8 , 2024 – 2:30-4:30 PM ~ Slow Jam (Repeats Tuesdays) – Come & enjoy playing music with others! Bring your instrument and make some musical friends. – ACC, 505 G Avenue Lake Oswego More Info: CLICK HERE

Wed, Oct 9 – 5:30PM-7:00PMPM ~Happy Hour Yoga ~ The more the merrier at this yoga + wine event ~Millennium Park Plaza, Lake Oswego ~ More Info :  CLICK HERE

Thurs, Oct 10, 2024 – 6:00-7:00 PM ~Teen Advisory Board ~ Discuss volunteer projects and programming ideas (e.g. book groups, movie nights, etc.). ~ Lake Oswego Library ~  More Info :  CLICK HERE

Fri, Oct 11, 2024 – 7:00-9:00 PM ~ Living Well Dance featuring the Millennium Dance Band. ~ Come dance to music from the 30’s 40’s and 50’s with ballroom classics. All ages invited. $7.00 at the door. ~CCP, 1060 Chandler Rd~ More Info: CLICK HERE

Sat, Oct 12, 2024 – 3:00PM-4:00PM – Lego Club~ Imagine, build and create! Lego bricks provided. Recommended for ages K-5. Creations will be displayed for 2 weeks. ~ Lake Oswego Library, Childrens’ Library~ More Info : CLICK HERE

Last week Lake Oswego welcomed 12 properties into the marketplace, saw 5 move to Pending status and 12 that Sold/Closed.

Right now there are 219 properties available in Lake Oswego ranging from $185,000 to $11,900,000.

Here is the breakdown:

NEW Sept 30-Oct 6, 2024

Address	List Price	Beds	Baths	SF	Prop Type
44 EAGLE CREST DR #19	$245,000	2	1	908	CONDO
25 CRESTFIELD CT / Lower	$314,900	2	2	995	CONDO
4000 CARMAN DR, D57	$319,900	2	2	836	CONDO
5061 FOOTHILLS DR / Upper	$419,000	2	2	991	CONDO
4312 BOTTICELLI ST / B #8	$485,000	2	2.1	2285	ATTACHD
4912 Hampton CT	$799,950	3	2.1	2039	DETACHD
18100 BRYANT RD	$1,050,000	3	1.1	1804	DETACHD
5651 LA MESA CT	$1,170,000	4	2.1	2718	DETACHD
18440 DELENKA LN	$1,350,000	4	3.1	4696	DETACHD
15459 VILLAGE DR	$1,499,000	4	3.1	3049	DETACHD
15007 TWIN FIR RD	$1,800,000	4	3.1	3075	DETACHD
13560 Goodall RD #7	$5,495,000	4	5.1	5964	DETACHD

PENDING Sept 30-Oct 6, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE DR #147	$330,000	3	2.1	1351	CONDO	27
2651 LOOKOUT CT	$759,000	5	2.1	2472	DETACHD	62
1029 LAUREL ST	$1,175,000	5	3.1	3208	DETACHD	108
1960 MAPLELEAF RD	$2,145,000	5	5.1	4099	DETACHD	628
16819 ALLEN RD	$6,950,000	4	3.1	4882	DETACHD	59

SOLD/CLOSED Sept 30-Oct 6, 2024

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
4638 LOWER DR / Main	$310,000	$307,500	2	1.1	1260	CONDO	45
110 GREENRIDGE CT	$649,900	$527,000	3	2.1	2868	ATTACHD	74
4324 WOODSIDE CIR	$579,000	$579,000	2	2	1210	ATTACHD	5
454 5TH ST	$680,000	$677,500	2	1.1	1092	CONDO	3
710 TIMBERLINE DR	$825,000	$780,000	4	3	2642	DETACHD	81
1795 OAK ST	$950,000	$864,731	4	3.1	3632	DETACHD	25
14190 AMBERWOOD CIR	$1,000,000	$1,000,000	4	3	3154	DETACHD	0
4487 WESTBAY RD	$1,200,000	$1,200,000	3	2	1869	DETACHD	0
309 10TH ST	$1,200,000	$1,200,000	5	3	4520	DETACHD	0
5254 WESTFIELD CT	$1,295,000	$1,300,000	4	2.1	3346	DETACHD	5
16337 CHAPIN WAY	$2,600,000	$1,990,000	5	4.1	5115	DETACHD	156
4688 UPPER DR	$2,150,000	$2,085,000	4	3.1	3962	DETACHD	26

Here is your breakdown from the previous month/July 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.

Rates: “Good news on the inflation front is supporting the Fed cutting rates soon. Right now 30-year fixed rates are in the mid 6% range.  Gary Boyer, Regional VP, Gold Star Mortgage Financial  

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

• There were 2,905 New Listings in July which is up 0.2% from 2,899 in July 2023 and down 4.6% from the 3,044 in the previous month/June.
• At 2,075 July 2024’s Closed Sales (Solds) are up 8.5% from July 2023’s 1,912 and down 0.3% from the previous month’s total of 2,081.
• At 2,191 July 2024’s Pending Sales (Accepted Offers) increased 2.1% from July 2023’s 2,145, and decreased 1.2% from the previous month/June’s total of 2,217.
• The Average Sale Price for July 2024 of, $622,900 is up$2,500. from last year/July 2023’s $620,400, and down $13,300 from the p­­revious month/June’s $636,200. 
• The “Median Sale Price (the price smack dab in the middle of all sales) in July 2024 of $550,000 is basically the same as July 2023’s $549,900, & down $15,000 from June’s $565,000    

LAKE OSWEGO: (Month of July ’24)

337 Active Listings (Jun 316)
169 New Listings  (Jun 173)
116 Pending Sales (Jun 107)
104 Closed Sales  (Jun 98)
Average Sale Price for June: $1,156,200 (Jun $1.031,600)
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.
74 Days on the Market   (Jun 48)

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

Here are my picks for what to do this coming week in Lake Oswego:

August 12, 2024 – 1:00-2:00 PM ~ Conversational Spanish Group ( Repeats on Mondays )- Come and join the conversational Spanish group and practice your language skills. ACC, 505 G Ave, Lake Oswego  CLICK HERE

Tues, August 13, 2024 – 2:30-4:30 PM ~ Slow Jam ( Repeats Tuesdays ) – Come & enjoy playing music with others! Bring your instrument and make some musical friends.. – ACC, 505 G Avenue Lake Oswego More Info: CLICK HERE

Wed, August 14, 2023 – 6:30-8:30 PM ~ Beat Division ~ Wednesday Series~ Concert in the park!!! Come prepared to dance to the very best New Wave and Post-Punk-era tunes from Duran Duran, The Cure, INXS, Psychedelic Furs, Billy Idol, Echo & The Bunnymen and more!  ~ Westlake Park, 14165 Bunick Drive ~ More Info :  CLICK HERE

Thurs, August 15, 2023 – 7:00 PM ~LOPL Trivia! (Online) ~ Join  your hosts, Jamie and Carissa for some good old fashioned brain games! Email in your trivia questions and show up for some fun! maybe you’ll win a Powell’s gift card : ) Sponsored by Lake Oswego Public Library – More Info:  CLICK HERE

Fri, August 16, 2023 – 10:00-11:30 AM ~ Friday Discussion Group ~ Come join other involved & interested people for this monthly group exchanging ideas. Learn more in the link! ACC, 505 G Avenue Lake Oswego ~ More Info: CLICK HERE

Sat, August 17, 2023 – 8:30AM-1:30 PM – Lake Oswego Farmers Market!~ Wander through all the produce and artisan booths while listening to live music (10:30-12:30). This Farmers Market experience is not to be missed…if you’re looking for it you’ll find it here~  superior produce, meats, seafood, nuts, cheeses, artisan baked goods, jams, jellies, salsas, hummus, nursery items, hot foods, artisan crafts and more! ~ Millennium Plaza Park, 200 1st St, Lake Oswego~ More Info: CLICK HERE

Last week Lake Oswego had 23 properties enter the market, 13 move to Pending status and 12 that Sold/Closed. Right now there are 227 properties available ranging from $200,000 to $7,998,000.

Here is the breakdown:

NEW July 29-Aug 4, 2024

Address	List Price	Beds	Baths	SF	Prop Type
101 OSWEGO / Main	$309,000	2	2	1212	CONDO
422 S STATE ST	$425,000	2	1	1659	CONDO
3916 CARMAN DR	$449,900	2	2.1	1278	CONDO
16625 ASTOR AVE	$575,000	3	2	1519	DETACHD
18421 INDIAN CREEK DR	$748,000	3	2	1836	DETACHD
5376 ROSEWOOD ST	$765,000	3	2.1	2483	ATTACHD
5314 TUALATA CT	$815,000	3	2.1	2444	DETACHD
5379 GREYSTOKE DR	$830,000	3	2	1917	DETACHD
1419 HEMLOCK ST	$850,000	5	3	2520	DETACHD
4664 Firwood RD	$865,000	3	2	1552	DETACHD
1795 OAK ST	$950,000	4	3.1	3632	DETACHD
14 HOTSPUR ST	$970,000	4	2.1	2776	DETACHD
1471 GREENTREE CIR	$1,015,000	4	2.1	2128	DETACHD
1928 PALISADES TERRACE DR	$1,195,000	5	5.1	4337	DETACHD
762 9TH ST	$1,195,000	2	2	1251	DETACHD
4487 WESTBAY RD	$1,200,000	3	2	1869	DETACHD
4224 HAVEN ST	$1,299,950	3	2	2752	DETACHD
1830 CLOVERLEAF RD	$1,327,500	3	2.1	1879	DETACHD
6080 BURMA RD	$1,400,000	3	2	2134	DETACHD
1699 VILLAGE PARK LN	$1,499,000	3	2.2	3085	DETACHD
4688 UPPER DR	$2,150,000	4	3.1	3962	DETACHD
17787 KELOK RD	$2,275,000	3	2	3083	DETACHD
16819 ALLEN RD	$7,950,000	4	3.1	4882	DETACHD

PENDING July 29-Aug 4, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
61 GALEN RD / Ground	$189,000	1	1	552	CONDO	48
75 GALEN ST / Ground	$299,900	2	2	989	CONDO	71
4490 LAKEVIEW BLVD	$699,900	3	2	1727	DETACHD	108
668 MCVEY AVE #58	$739,000	3	1.1	992	CONDO	137
2405 Knaus RD	$750,000	3	2	1685	DETACHD	44
20 OTHELLO ST	$950,000	3	2.1	2160	DETACHD	19
4500 WEST RD	$1,149,000	4	2.1	2479	DETACHD	54
4487 WESTBAY RD	$1,200,000	3	2	1869	DETACHD	0
5831 SUNCREEK DR	$1,200,000	4	2.1	2865	DETACHD	4
5675 MERIDIAN CT	$1,400,000	4	3.1	3075	DETACHD	2
23 HILLSHIRE DR	$1,495,000	4	3.1	4360	DETACHD	118
17787 KELOK RD	$2,275,000	3	2	3083	DETACHD	3
1237 LAKE FRONT RD	$2,795,000	3	3	3378	DETACHD	20

SOLD/CLOSED July 29-Aug 4, 2024

Address	Open	Closed	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE #62	$325,000	$295,000	3	2.1	1351	CONDO	72
570 S STATE ST / Main	$340,000	$325,000	2	1	914	CONDO	7
220 RIDGEWAY RD / Upper	$350,000	$345,000	2	1	914	CONDO	15
2 MOUNTAIN CIR	$539,900	$552,000	2	1.1	1372	ATTACHD	15
236 GREENRIDGE DR	$615,000	$607,000	3	2	1492	ATTACHD	0
17615 SYDNI CT	$819,900	$799,900	4	2.1	2651	ATTACHD	32
14300 CAMDEN LN	$975,000	$975,000	4	2.1	2310	DETACHD	8
5802 RIDGETOP CT	$1,090,000	$1,084,700	4	2.1	3160	DETACHD	4
12730 ADRIAN CT	$1,345,000	$1,300,000	4	2.1	3014	DETACHD	71
13597 ROGERS RD	$1,575,000	$1,587,500	5	3.1	3950	DETACHD	5
745 TERRACE DR	$3,000,000	$2,150,000	3	2.1	2708	DETACHD	30
17952 CARDINAL DR	$3,849,900	$2,750,000	5	3.2	4588	DETACHD	741

I don’t know how many of you lived in LO September of 2020, but the forest South of the Portland Metro area exploded in flames. LO was actually declared a Stage Three evacuation zone: meaning pay attention. Be ready to prepare to evacuate. I actually packed up my priority items and staged them next to my front door. It’s a funny thing, knowing you can only take what fits in your car.

My point is fires are a real threat in the US West. It’s our reality. The time to prepare is before there is an emergency and the Lake Oswego Fire Department is offering help. By going to www.lakeoswego.city/fire/wildfire-risk-prevention you can get information and sign up for a free home evaluation with the LO Fire Department.

Here are some basic tips that you can do now:

Clean your roof and gutters of flammable debris

Make sure any openings to your attic, like vents, are screened with 1/8″ or smaller screens

Cut back trees around your house to have a 10′ clearance from the structure

Keep your decks and porches free of flammable materials

Landscape your yard with fire resistant plants

Create a 5′ barrier around your house that is free of flamable materials

Keep your grass and weeds mowed to no taller than 4″

I think it’s about being fire aware. As you live in your home, as you landscape and make improvements, keep these tips in mind. And take advantage of the free home assessment offered by the LO Fire Department. What you do now can make a big difference later.