There is a brand new program happening in Lake Oswego. It’s been organized by 7 volunteers at the Lake Oswego Adult Community Center. This program connects senior citizens with volunteers who make a weekly phone call to them to just have a nice, neighborly visit.
Paricularly in the time of Covid, people are feeling alone in their homes. Getting that phone call once a week can really brighten up a person’s life. I think the idea is just brilliant.
“We just chat about local stuff and stay connected to what’s going on in this beautiful city of ours” says coordinator Ross Fearey.
Referrals for potential recipiants to date have come from the Adult Community Center and also from Tony Sparling, the adult resources officer with the Lake Oswego Police Department.
If you or someone you know would benefit from participating in this program, call 503-636-5040 to make arrangements to receive regular calls.
Here is your look at the most recent data for the entire Portland area (Nov2020) and how Lake Oswego fits in to this picture just below.
Overview/Fluctuations ~ Market Data Nov 2020:
Inventory is now at 1.0 months of supply here, locally. The lowest it’s ever been. All forecasts are for continued increases in home sales and prices, though more modestly than 2020. Prediction #’s vary among economists. National Association of Realtors (NAR) is predicting a 7.3% increase in sales nationally in 2021. Interest rates are still hovering around 2.875% but are expected to rise, albeit not dramatically. One very interesting item I noted from the NAR information is that nationally, 1 in 6 home purchases is now “multi-generational”. So, how we live is changing in many ways: People are looking for more space to work from home, and generations are moving in together. There is generally more up-sizing than down-sizing going on.
According to the RMLS Market Action Report for the Portland Metro Area, Nov. 2020:
There were 2,238 New Listings in Nov 2020increased 5.7% from Nov of 2019’s 2,118, and decreased a whopping 36.3% from the previous month/Oct’s 3,515.
At 2,745, Nov 2020’s Closed Sales are up 12.4% from Nov 2019’s 2,191, and decreased 13.0% from the previous month/Oct 2020’s total of 3,155
At 2,557, Nov 2020’s Pending Sales are up 12.4% from Nov 2019’s 2,274, and dropped 20.1% from the previous month/Oct 2020’s total of 3,199.
The Average Sale Price in Nov 2020 of $521,200 is up $58,600 from last year/Nov 2019’s $462,600, and is up $4,700 from the previous month/Oct 2020’s $516,500. YTD increase is 7.1%.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Nov 2020 of $457,000 rose from last year/Nov2019’s $415,000 by $42,000, and decreased $3,000 from the previous month/Oct 2020’s $460,000. YTD increase is 6.8%.
Neighborhoods: November’s Average Sale Price + 12-month Appreciation:
North Portland: $480,600 6.2% (Oct $450,300) YTD Median: $431,000
NE Portland: $508,700 5.0% (Oct $531,200) YTD Median: $455,000
SE Portland: $478,200 8.1% (Oct $477,300) YTD Median: $409,000
The combined areas of Lake Oswego and West Linn for the month of November 2020 reported:
177 Active Listings (Oct 213)
104 New Listings (Oct 197)
106 Pending Sales (Oct 193)
166 Closed Sales (Oct 173)
Average Sale Price for Nov: $822,000 (Oct $756,600)
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.
This last week in Lake Oswego continues the trend we’ve been seeing of fewer homes being Listed (5) and more going Pending (17) & Sold (35). There are currently 106 homes available in Lake Oswego.
Here at the blotter we usually do the market activity report one week at a time, but with the holiday last week, we have combined two weeks. As you can see, not many houses came onto the market, just 12. However, the pending sales and closed sales remained strong. There were 34 properties that went into pending status and 35 closed sales. At this time of year, people making moves are highly motivated to get into the new house before Christmas.
See below for details
New on the Market November 16-29, 2020
Address
Type
Price
BR
Baths
Sq Ft
44 Eagle Crest #17
Condo
$199,900
1
1
798
668 McVey Ave #44
Condo
$229,000
1
1
636
4 Touchstone #85
Condo
$240,000
3
2.5
1351
4606 Lower Dr
Condo
$260,000
2
1.1
1170
750 1st St #26
Condo
$360,010
2
2
1350
4515 Oakridge Rd
Attached
$685,000
3
2.5
1981
314 2nd St
Condo
$740,000
3
3.5
1815
6123 Frost Ln
Detached
$789,900
4
2.5
2331
4361 Southshore Blvd
Detached
$875,000
4
3
2441
978 10th St
Detached
$1,495
3
3
2578
4165 Childs Rd
Detached
$1,549,900
3
2.5
3310
1199 Sunningdale Ct
Detached
$2,250,000
4
4.5
4319
Pending Sales November 16-29, 2020
Address
Type
Price
BR
Baths
Sq Ft
CDOM
280 Cervantes
Condo
$256,900
2
2
1050
35
16250 Pacific Hwy #77
Condo
$259,000
2
2
1327
79
45 Eagle Crest Dr #100
Condo
$285,000
3
2
1537
18
750 1st St E34
Condo
$309,900
2
2
1350
114
2061 Bonniebrae Dr
Attached
$405,000
3
2.5
1687
5
71 Condolea Way
Condo
$425,000
3
3
2131
88
5309 Lakeview Blvd
Detached
$474,950
2
1
1320
158
5136 Jean Rd
Detached
$495,000
3
2
1412
44
16242 Inverurie Rd
Detached
$519,000
3
2
1657
3
17297 Bryant Rd
Detached
$550,000
3
2
1428
3
69 Condolea Terrace
Condo
$555,000
2
2.5
2262
15
1540 Meadowlark Ln
Detached
$649,000
5
3
2727
5
17879 Hillside Dr
Detached
$699,900
3
3
3149
271
18863 Indian Springs Rd
Detached
$699,900
4
3
2001
2
9 Spinosa
Detached
$725,000
2
2.5
2250
22
1702 Highland Dr
Detached
$749,000
3
2.5
2175
32
2395 Greentree Rd
Detached
$749,900
5
2.5
2777
15
19 Westridge Dr
Detached
$749,900
4
2.5
3711
28
1604 Country Club Rd
Detached
$800,000
4
3.5
3878
34
5185 Woodcrest Ln
Detached
$835,000
3
2.5
2554
33
5239 Madrona St
Detached
$885,000
3
3
2881
4
14218 Kimberly Circle
Detached
$899,500
4
2.5
3272
22
2349 Oakhurst Ln
Detached
$935,000
4
2.5
3548
8
2934 Toklien Ln
Detached
$874,800
5
3.5
3851
11
3000 Brookside Rd
Detached
$999,950
3
2.5
1600
50
6155 McEwan Rd
Detached
$1,165,000
5
3
3728
36
6441 Mission Ct
Detached
$1,165,000
4
3
3201
24
13768 Knaus Rd
Detached
$1,180,000
3
2
2480
4
859 F Ave
Detached
$1,379,000
3
2.5
3210
5
14005 Goodall Rd
Detached
$1,595,000
4
3.5
4809
207
527 Northshore Rd
Detached
$1,800,000
3
2
2433
20
13615 Knaus Rd
Detached
$1,895,000
4
3.5
4294
56
1540 Worthington St
Detached
$589,900
5
2
1872
4
5204 Rosewood St
Detached
$599,000
3
2.5
1683
3
Closed Sales November 16-29, 2020
Address
Type
List Price
Sold Price
Sq Ft
CDOM
668 McVey Ave #40
Condo
$249,900
$225,000
636
21
86 Kingsgate Rd E #101
Condo
$274,900
$260,000
953
14
668 MdVey Ave #42
Condo
$257,900
$261,000
852
3
668 McVey Ave #65
Condo
$315,000
$307,000
636
38
5225 Jean Rd #511
Condo
$369,900
$381,000
1400
3
206 Greenridge Dr
Attached
$475,000
$502,500
1392
4
98 Kingsgate Rd
Detached
$510,000
$505,000
1727
2
1225 Hallinan St
Detached
$584,900
$550,000
1819
5
127 Greenwood Rd
Detached
$550,000
$556,000
1201
13
2631 Orchard Hill Pl
Detached
$619,900
$599,900
2447
33
14863 Twin Fir Ct
Detached
$630,000
$600,000
1648
77
715 Hemlock St
Detached
$539,900
$635,000
1312
3
17226 Tualatin St
Detached
$695,000
$679,000
1942
4
29 Churchill Downs
Detached
$700,000
$690,000
2019
12
1725 Fernwood Dr
Detached
$699,000
$699,000
1580
6
17061 Crestview Dr
Detached
$649,900
$705,000
2216
3
12436 Orchard Hill Rd
Detached
$725,000
$710,000
2891
8
5124 Rosewood St
Detached
$739,900
$729,000
3516
92
4102 Buck Brush Ln
Detached
$697,000
$729,000
2205
3
7 Falstaff St
Detached
$729,000
$731,250
2484
1
4388 Snowbrush Ct
Detached
$825,000
$775,000
3928
230
2290 Overlook Dr
Detached
$725,000
$776,000
3095
3
2585 Dellwood Dr
Detached
$949,900
$875,000
3749
78
17421 Brookhurst Dr
Detached
$899,900
$895,000
3756
12
18140 Pioneer Ct
Detached
$964,900
$965,000
2524
2
1507 Cedar St
Detached
$1,099
$1,100,000
2505
67
6463 Mission Ct
Detached
$1,165
$1,165,000
3547
290
2250 Southshore Blvd
Detached
$1,299
$1,185,000
4432
229
1989 Egan Way
Detached
$1,384
$1,399,000
4073
11
827 8th St
Detached
$1,425
$1,399,000
3852
103
800 Terrace Dr
Detached
$1,559
$1,555,000
5359
160
4223 Upper Dr
Detached
$1,650
$1,699,000
3902
430
16793 Graef Circle
Detached
$2,695
$1,900,000
4220
116
17787 Cardinal Dr
Detached
$2,199
$1,950,000
3270
62
19025 Hill Top Rd
Detached
$2,349
$2,100,000
5366
755
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.
Last week in Lake Oswego we saw 7 New properties hit the market, 21 move to Pending status, and 29 transactions Close. Here is the breakdown according to RMLS:
Here is your look at the most recent data for the entire Portland area (Oct 2020) and how Lake Oswego fits in to this picture just below.
Inventory remained at 1.1 months of supply in October. August was 1.3 and July was 1.2. The 1.1 mark is a record low according to RMLS. New Listings, Pending Sales and Appreciation are all up across the board.
Though we have an undeniable shortage of homes available, this is the time of year when Buyers can expect to find reasonable Sellers, and Sellers can expect to find serious Buyers out looking.
Rates are still very good, remaining around 2.875 as of today.
According to the RMLS Market Action Report for the Portland Metro Area, Sept 2020:
There were 3,515 New Listings in Oct 2020increased 14.7% from Oct of 2019’s 3,064, and also increased 7.7% over the previous month/Sept’s 3,264.
At 3,155, Oct 2020’s Closed Sales are up 21.9% from Oct 2019’s 2,588, and decreased 3.0% from the previous month/Sept 2020’s total of 3,251
At 3,199, Oct 2020’s Pending Sales are up 25.2% from Oct 2019’s 2,575, and also increased 1.5% over the previous month/Sept 2020’s total of 3,152.
The Average Sale Price in Oct 2020 of $516,000 is up $54,600 from last year/Oct 2019’s $461,400, and is up $6,000 from the previous month/Sept 2020’s $510,000. YTD increase is 6.5%.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Oct 2020 of $460,000 rose from last year/Oct 2019’s $410,500 by $49,500, and is up by $9,000 from the previous month/Sept 2020’s $451,000. YTD increase is 6.1%.
Neighborhoods: October’s Average Sale Price + 12-month Appreciation:
The combined areas of Lake Oswego and West Linn for the month of October 2020 reported:
213 Active Listings (Sept 250)
197 New Listings (Sept 173)
193 Pending Sales (Sept 180)
173 Closed Sales (Sept 191)
Average Sale Price for Oct: $756,600 (Sept $782,600)
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.
Here are my picks for happenings in lake Oswego this week:
Mon, Nov 9,2020– 12:00-1:00PM – Lunch 2 Go! ~ Dining Room is obviously problematic during COVID, but this service continues M/W/F with drive-up service! They love to see your faces! $4.00 over 60 and $5.00 under 60. Adult Community Center – 505 G Ave – Info & Ordering:CLICK HERE
Tue, Nov 10, 2020 – 7:00-8:00PM – Hot Books for Cold Days~Join Lake Oswego Librarians for a preview of the best books to curl up with this winter – Info & Registration:CLICK HERE
Wed, Nov 11, 2020 – 8AM Wed-5PM Fri- Veterans Day – Veterans Memorial ~Visit this memorial to all Veterans featuring 8 Lake Oswego individuals and their stories. Foothill Park, 199 Foothills Road~ Info & Reg:CLICK HERE
Thu, Nov 12, 2020 10:00AM-10:00PM – Sesame Street in Communities~Visit the Kids Page of the Lake Oswego Public Library for a weekly update of information geared toward offering resources for parents and caregiver to make a difference for kids…and you! – CLICK HERE
Fri , Nov 13, 2020: 9:30AM-10:30AM, Little Masters Art Class (Ages 2-5/in-person class w/COVID safety measures) ~ Check in every Friday for a sensory experience with a variety of mediums creating art together! CCP, 1060 Chandler Road Info & Registration :CLICK HERE
Sat , Nov 14 2020: 9:00AM-11:00AM, Stewardship Work Party at Springbrook Park ~ Help restore habitat in this 50-acre natural park Info:CLICK HERE
Sun, Oct 18,2020– 1:00-3:00PM – Stewardship Work Party at Iron Mountain Park ~ Help restore 50 acres of treasured natural habitat. Bring a shovel, pruners, gloves and a container of water. – Iron Mountain Park, Parking: Off Glen Eagles Rd – Info & Registration:CLICK HERE
Last week we saw 5 New Properties hit the market in Lake Oswego, so New Listings are slowing a bit seasonally, as is always expected. 28 properties moved to Pending status, and 25 Closed/Sold. All in all there are currently 139 properties available in Lake Oswego right now.
Today I want to share with you something personal, and yes, it does have to do with real estate. You see, my Mom passed away on October 16th. If you have ever worked with me, you’ve heard me talk about my Mom. So this isn’t new to you. But if you haven’t worked with me, I feel a need to tell you about the best Realtor I have ever known.
My Mom got her real estate license in 1976. She was raised in an era when she wanted to major in business at Oregon State, but as a woman she had to major in “Secretarial Sciences”. Seriously. But she had a head for business. She hung her license at Shelter Properties on Boones Ferry Rd in Lake Grove. There she got her feet on the ground and at one time, after listing an entire new subdivision, got chewed out for besting a more prominent agent, a bit of a diva, for beating her out with most new listings for the month.
She moved on to Professionals 100. In 1987, after the birth of my daughter, I was agonizing over having to put my baby into daycare 5 days a week. I had a back ground in sales. I had actually been a sales trainer for a health club organization. My Mom’s business was booming. She was the leading sales agent in the metro area for Great Western Savings and Loan. She was handling their foreclosure properties and she had just been handed about 20 properties to list and sell. She needed help. She called me up and asked if, perhaps, my husband would consider coming to work for her. My reaction? My husband, what about me? That’s when I started my real estate career. It was 33 years ago. I’ve never looked back.
At first, I was her assistant. As I gained experience, we became a team. Then, as she approached retirement, she became my assistant. It’s probably the best possible circumstance in which to be in this business. You see, real estate has a lot of moving parts. So many people are involved: the buyer, the seller, the inspector, the appraiser, the lender. This means that it’s complicated and no two transactions are the same. As Realtors, we need sounding boards, people we respect and rely on to help us navigate complex circumstances so that we can give our clients the best advice possible, for their benefit, not for out own.
About the time that my Mom retired, I met Linda. She and I have known each other for at least 15 years. She calls me, I call her, she filled that void that opened up when my Mom retired. I don’t know how anyone can be in this business without a confidant.
So yes, I’m grieving. But I’m grateful. How lucky am I to have had Mom who, along with giving me life and raising me, gave me a career?
Today I want to salute my Mom. Oh what a wonderful woman she was!
Here is your look at the most recent data for the entire Portland area (Sept 2020) and how Lake Oswego fits in to this picture just below.
Inventory is now basically lower than its ever been. That’s a big deal. Listings have dropped substantially from August, and Pending Sales (transactions in progress) are up a whopping 36.4% over Sept 2019, which reflects how the activity locally was pushed way farther into/through the summer than is usual.
This time of year I still say “Fall is for Buyers” as Sellers are generally more willing to negotiate heading into winter, but this year it is good to be a Seller too, as there is just not much out there in terms of competition.
Rates are still very good, around 2.875 today.
According to the RMLS Market Action Report for the Portland Metro Area, Sept 2020:
There were 3,264 New Listings in Sept 2020which decreased 5.9% from Sept of 2019’s 3,470, and decreased 16.0% over the previous month/August’s 3,885.
At 3,251, Sept 2020’s Closed Sales are up 36.8% from Sept 2019’s 2,377, and also up 3.2% from the previous month/Aug 2020’s total of 3,149
At 3,152, Sept 2020’s Pending Sales are up 17.3% from Sept 2019’s 2,686, and decreased 14.7% over the previous month/July 2020’s total of 3,697.
The Average Sale Price in Sept 2020 of $510,000 is up $51,600 from last year/Sept 2019’s $458,400, and is about the same as the previous month/Aug 2020’s $511,000. YTD increase is 5.7%.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Sept 2020 of $451,000 rose from last year/Sept 2019’s $410,000 by $41,000, and is up by $2,000 from the previous month/Aug 2020’s $449,000. YTD increase is 5.7%.
Neighborhoods: September’s Average Sale Price + 12-month Appreciation:
North Portland: $476,000 5.0% (Aug $461,800)
YTD Median: $430,000
NE Portland: $532,100 3.3% (Aug $527,500)
YTD Median: $450,000
SE Portland: $467,700 5.9% (Aug $487,200)
YTD Median: $402,000
Gresham/Troutdale: $409,300 4.1% (Aug $393,900)
YTD Median: $370,000
Milwaukie/Clackamas: $487,300 5.4% (Aug $480,800)
YTD Median: $445,000
Oregon City/Canby: $469,700 5.0% (Aug $481,800)
YTD Median: $439,900
Lake Oswego/West Linn:$782,600 10.4% (Aug $787,000)
The combined areas of Lake Oswego and West Linn for the month of September 2020 reported:
250 Active Listings (Aug 290)
173 New Listings (Aug 229)
180 Pending Sales (Aug 208)
191 Closed Sales (Aug 178)
Average Sale Price for Sept: $782,600 (Aug $787,000)
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.
