This Week in Lake Oswego

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

August 12, 20241:00-2:00 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

Market Activity ~ July 29- Aug 4, 2024

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

AddressList PriceBedsBathsSFProp Type
101 OSWEGO / Main$309,000221212CONDO
422 S STATE ST$425,000211659CONDO
3916 CARMAN DR$449,90022.11278CONDO
16625 ASTOR AVE$575,000321519DETACHD
18421 INDIAN CREEK DR$748,000321836DETACHD
5376 ROSEWOOD ST$765,00032.12483ATTACHD
5314 TUALATA CT$815,00032.12444DETACHD
5379 GREYSTOKE DR$830,000321917DETACHD
1419 HEMLOCK ST$850,000532520DETACHD
4664 Firwood RD$865,000321552DETACHD
1795 OAK ST$950,00043.13632DETACHD
14 HOTSPUR ST$970,00042.12776DETACHD
1471 GREENTREE CIR$1,015,00042.12128DETACHD
1928 PALISADES TERRACE DR$1,195,00055.14337DETACHD
762 9TH ST$1,195,000221251DETACHD
4487 WESTBAY RD$1,200,000321869DETACHD
4224 HAVEN ST$1,299,950322752DETACHD
1830 CLOVERLEAF RD$1,327,50032.11879DETACHD
6080 BURMA RD$1,400,000322134DETACHD
1699 VILLAGE PARK LN$1,499,00032.23085DETACHD
4688 UPPER DR$2,150,00043.13962DETACHD
17787 KELOK RD$2,275,000323083DETACHD
16819 ALLEN RD$7,950,00043.14882DETACHD

PENDING July 29-Aug 4, 2024

AddressList PriceBedsBathsSFProp TypeDays
61 GALEN RD / Ground$189,00011552CONDO48
75 GALEN ST / Ground$299,90022989CONDO71
4490 LAKEVIEW BLVD$699,900321727DETACHD108
668 MCVEY AVE #58$739,00031.1992CONDO137
2405 Knaus RD$750,000321685DETACHD44
20 OTHELLO ST$950,00032.12160DETACHD19
4500 WEST RD$1,149,00042.12479DETACHD54
4487 WESTBAY RD$1,200,000321869DETACHD0
5831 SUNCREEK DR$1,200,00042.12865DETACHD4
5675 MERIDIAN CT$1,400,00043.13075DETACHD2
23 HILLSHIRE DR$1,495,00043.14360DETACHD118
17787 KELOK RD$2,275,000323083DETACHD3
1237 LAKE FRONT RD$2,795,000333378DETACHD20

SOLD/CLOSED July 29-Aug 4, 2024

AddressOpenClosedBedsBathsSFProp TypeDays
4 TOUCHSTONE #62$325,000$295,00032.11351CONDO72
570 S STATE ST / Main$340,000$325,00021914CONDO7
220 RIDGEWAY RD / Upper$350,000$345,00021914CONDO15
2 MOUNTAIN CIR$539,900$552,00021.11372ATTACHD15
236 GREENRIDGE DR$615,000$607,000321492ATTACHD0
17615 SYDNI CT$819,900$799,90042.12651ATTACHD32
14300 CAMDEN LN$975,000$975,00042.12310DETACHD8
5802 RIDGETOP CT$1,090,000$1,084,70042.13160DETACHD4
12730 ADRIAN CT$1,345,000$1,300,00042.13014DETACHD71
13597 ROGERS RD$1,575,000$1,587,50053.13950DETACHD5
745 TERRACE DR$3,000,000$2,150,00032.12708DETACHD30
17952 CARDINAL DR$3,849,900$2,750,00053.24588DETACHD741
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) .

Protect Your Home From Fire

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.

Portland Area June 2024 Stats + LO

Here is your breakdown from the previous month/May 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.

June took a nap on the activity front with decreased New Listings, Pending Listings and Closed Sales.  That was not my *personal* experience, Ha! But those are the June overall Portland area numbers.  At the same time, more houses are going on the market now as we can see from Inventory rising, and that may be owing to the fact that we see prices rising in most of the metro giving homeowners decent returns on their investments, with West Portland faring better than N & NE Portland. As I mentioned last month, I am anticipating a busier than usual late summer season.

Rates:“Rates are holding steady in the mid 6% range as inflation eases. Markets are looking good!”      Gary Boyer, Regional VP, Gold Star Mortgage Financial  

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

  • There were 3,044 New Listings in June which is down 7.7% from 3,298 in June 2023 and also down 13.2% from the 3,508 in the previous month/May.
  • At 2,081 June 2024’s Closed Sales (Solds) are down 0.2% from June 2023’s 2,085 and also down 2.8% from the previous month’s total of 2,140.
  • At 2,217 June 2024’s Pending Sales (Accepted Offers) decreased 2.4% from June 2023’s  2,272, and also down 6.2% from the previous month/May’s total of 2,363.
  • The Average Sale Price for June 2024 of, $636,200 is up$9,400. from last year/June 2023’s $626,800, and up $7,200 from the p­­revious month/May’s $629,000. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in June 2024 of $565,000 is up $5,100 from June 2023’s $559,900, & up $6,500 from May’s $558,500    

LAKE OSWEGO: (Month of June ’24)

316 Active Listings (May 269)
173 New Listings  (May 198)
107 Pending Sales (May 128)
98 Closed Sales  (May 110)
Average Sale Price for June: $1,031,600 (May $965,600)
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.
48 Days on the Market   (May 54)

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

Market Activity ~ May 20-26, 2024

Last week Lake Oswego had 10 New properties enter the market, 19 move to Pending status, and 15 that Closed/Sold. Right now there are 187 properties available in Lake Oswego ranging from $219,000 to $11,500,000.

Here is the breakdown:

NEW May 20-26, 2024

AddressList PriceBedsBathSFProp Type
75 GALEN ST$303,00022989CONDO
3818 BOTTICELLI ST$350,000321259CONDO
19250 SW MAREE CT$675,00032.11519DETACHD
16317 KIMBALL ST$719,00031.11461DETACHD
559 SUNNY HILL DR$869,90042.12278DETACHD
3 HILLSHIRE DR$885,00042.12289DETACHD
10 GROUSE TER$898,00043.13462DETACHD
16700 GARY LN$1,140,00032.12100DETACHD
1970 GREENTREE RD$1,149,000432428DETACHD
4090 BUCK BRUSH LN$1,260,000433287DETACHD

PENDING May 20-26, 2024

AddressList PriceBedsBathsSFProp TypeDays
86 KINGSGATE RD i-201$299,80022840CONDO7
88 GREENRIDGE CT$510,000221314ATTACHD42
16309 LAKE FOREST BLVD$597,500321608DETACHD31
2818 POPLAR WAY$599,000311056DETACHD112
2001 BONNIEBRAE DR$645,00032.11739ATTACHD71
2251 FERNWOOD CIR$725,000632600DETACHD23
4959 Oakridge RD$749,00042.12148DETACHD5
761 8TH ST$799,90021960DETACHD5
127 ASH ST$824,90052.13211DETACHD63
559 SUNNY HILL DR$869,90042.12278DETACHD1
2 ABELARD ST$898,00033.13026DETACHD41
6081 CLAIRMONT CT$975,00042.12680DETACHD4
17787 BLUE HERON DR$995,000432519DETACHD69
16700 GARY LN$1,140,00032.12100DETACHD4
5501 RACHEL LN$1,250,00042.23669DETACHD21
16219 WHITE OAKS DR$1,289,00032.12862DETACHD4
2020 RIDGEWOOD LN$1,495,00032.13082DETACHD40
915 CEDAR ST$1,650,00043.13219DETACHD9
399 FURNACE ST$3,349,00033.14290CONDO192

SOLD May 20-26, 2024

AddressOpeningClosedBedsBathsSFProp TypeDays
4 TOUCHSTONE #128$250,000$250,00032.11350CONDO18
86 KINGSGATE RD D106$310,000$305,00022938CONDO11
16250 PACIFIC HWY #65$295,000$314,00011841CONDO8
16250 S Pacific HWY #43$395,000$373,250221305CONDO15
15275 BOONES WAY$629,000$629,000221320ATTACHD13
38 GREENRIDGE CT$584,900$632,50032.11996ATTACHD4
4295 WOODSIDE CIR$675,500$635,000322026ATTACHD2
4520 TRILLIUM WOODS$889,000$889,00032.11992ATTACHD3
830 LAKE FOREST DR$950,000$987,500422517DETACHD3
3311 FIR RIDGE RD$998,000$1,000,00032.12123DETACHD3
13660 SHIREVA DR$1,295,000$1,220,000432697DETACHD18
4050 PFEIFER CT$1,695,000$1,660,00043.14078DETACHD5
4956 PARK BLUFF PL$1,995,000$1,845,00043.14074DETACHD628
17660 WAYSIDE LN$2,600,000$2,000,00055.15975DETACHD91
1940 HIGHLANDS LOOP$2,695,000$2,420,00044.24080DETACHD47
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) .

Portland Area April 2024 Stats + LO

Here is your breakdown from the previous month/April 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.

Overview/Fluctuations ~ April 2024 Market Data:

The biggest takeway for me from April’s report is that prices are increasing, and significantly, over the prior month in almost every area.  Inventory remains low only inching up slightly, but we saw a spike in New Listings which were up 28.7% over the prior month. I’m always watching the changes and looking for trends. Though we have low inventory, prices are trending up at a good pace, and it’s better to buy when prices are lower and refi later than wait for rates to drop & pay more.

Rates: “Positive reports on inflation are pushing rates down into the upper 6% range.”               Gary Boyer, Regional VP, Directors Mortgage

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

  • There were 3,120 New Listings in April which is up 17.6% from 2,653 in April 2023 and up 28.7% from the 2,425 in the previous month/March.
  • At 1,883 April 2024’s Closed Sales (Solds) are up 10.3% from April 2023’s 1,707 and up 19.3% from the previous month’s total of 1,578.
  • At 2,313 April 2024’s Pending Sales (Accepted Offers) are up 6.9% from March 2023’s 2,164, and up 8.2% from the previous month/March’s total of 2,138.
  • The Average Sale Price for March 2024 of, $618,900 is up$12,800. from last year/April 2023’s $606,100, and up $28,500 from the p­­revious month/March’s $590,400. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in April 2024 of $543,000 is up $13,000 from April 2023’s $530,000, & up $8,000 from March’s $535,000  

LAKE OSWEGO: (Month of April ’24)

253 Active Listings (Mar 185)
165 New Listings  (Mar 147)
107 Pending Sales (Mar 121)
117 Closed Sales  (Mar 78)
Average Sale Price for April: $1,029,900 (Mar $1,094,000)
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.
58 Days on the Market   (Mar 85)

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

Lake Oswego Farmers Market Returns!!

One of the best things about living in Lake Oswego during the summer months is the Farmers Market every Saturday at Millennium Plaza Park which starts this coming Saturday May 11th & repeats until October 5th. Not only are there fabulous foods to peruse as you slowly saunter through the visually splendid arrays, but you’ll find local Artisans offering their handiwork of every kind, and always live music. The market itself opens at 8:30AM and goes until 1:30PM. Live Music starts at 10:30 and runs through 12:30PM. There are other perks too for kids and a SNAP matching program. Here is a link for more information! CLICK HERE

Portland Area March 2024 Stats + LO

Here is your breakdown from the previous month/March 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.

Overview/Fluctuations ~ March 2024 Market Data:

Inventory indicates homeowners are still holding on to their properties, presumably waiting for some more pronounced indications of rates going down for their own purchases. And/but Buyers seem to have recognized that this is a temporary, albeit annoying situation wherein the strong economy is keeping the Fed from easing up just yet. Spring has sprung and we’re seeing most neighborhoods/areas inching up in demand and price…yet another reason Buyers are not waiting.

Rates: “Rates have pushed higher from persistent inflation. They are currently on the low 7% range.”         Gary Boyer, Regional VP, Directors Mortgage

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

  • There were 2,425 New Listings in March which is down 7.5% from 2,623 in March 2023 and up 16.3% from the 2,085 in the previous month/February.
  • At 1,578 March 2024’s Closed Sales (Solds) are down 9.6% from March 2023’s 1,745 and up 22.9% from the previous month’s total of 1,284.
  • At 2,138 March 2024’s Pending Sales (Accepted Offers) are up 2.8% from March 2023’s 2,079, and up 22.7% from the previous month/February’s total of 1,742.
  • The Average Sale Price for March 2024 of, $590,400 is up$5,900. from last year/March 2023’s $584,500, and up $13,500 from the p­­revious month/Feb’s $576,900. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in March 2024 of $535,000 is up $10,000 from March 2023’s $525,000, & up $5,000 from Feb’s $530,000  

LAKE OSWEGO: (Month of March ’24)

185 Active Listings (Feb 177)
147 New Listings  (Feb 123)
121 Pending Sales (Feb 91)
78 Closed Sales  (Feb 60)
Average Sale Price for March: $1,094,000 (Feb $1,018,400)
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.
85 Days on the Market   (Feb 77)

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

Market Activity ~ April 8-14, 2024

Last week Lake Oswego had 19 properties enter the market, 15 move to Pending status, and 17 that Closed/Sold. Right now there are 157 properties available ranging from $199,900 to $11,500,000.

Here is the breakdown:

NEW April 8-14, 2024

AddressList PriceBedsBathsSFProp Type
15494 BRIANNE CT$469,00022.11320ATTACHD
88 GREENRIDGE CT$525,000221314ATTACHD
4204 WOODSIDE CIR$560,000221308ATTACHD
15275 BOONES WAY$629,000221320ATTACHD
4295 WOODSIDE CIR$675,500322026ATTACHD
2703 ORCHARD HILL PL$745,000433292DETACHD
5749 WINDFIELD LOOP$749,000331873DETACHD
4490 LAKEVIEW BLVD$779,900321727DETACHD
2 ABELARD ST$898,00033.13026DETACHD
17007 WESTVIEW DR$1,050,000542649DETACHD
13660 SHIREVA DR$1,295,000432697DETACHD
13330 HIDDEN BAY CT$1,325,00042.13030DETACHD
5511 WESTFIELD CT$1,385,00042.14035DETACHD
4042 CANAL WOODS CT$1,500,00043.14302DETACHD
2020 RIDGEWOOD LN$1,550,00032.13082DETACHD
16827 SCOTT CT$1,550,00043.14225DETACHD
4464 LAKEVIEW BLVD$2,998,000343596DETACHD
15780 TWIN FIR RD$3,298,00044.14270DETACHD
16470 PHANTOM BLUFF CT$3,495,00044.15188DETACHD

PENDING April 8-14, 2024

AddressList PriceBedsBathsSFProp TypeDays
44 EAGLE CREST DR #38$250,00011798CONDO18
86 KINGSGATE RD #46$335,00022938CONDO3
16250 PACIFIC HWY #58$369,900221305CONDO17
14362 SHERBROOK PL$465,00021.11279ATTACHD184
5 PHEASANT$639,900321420DETACHD163
4295 WOODSIDE CIR$675,500322026ATTACHD2
31 PARTRIDGE LN$749,900433158DETACHD50
8 DEL PRADO ST$1,050,000533548DETACHD8
46 DA VINCI ST$1,195,000533378DETACHD4
13536 STREAMSIDE DR$1,249,00043.13002DETACHD4
818 ASH ST$1,250,000321500DETACHD66
16827 SCOTT CT$1,550,00043.14225DETACHD3
1687 VILLAGE PARK LN$1,599,000433362DETACHD3
17660 WAYSIDE LN$2,195,00055.15975DETACHD91
15780 TWIN FIR RD$3,298,00044.14270DETACHD3

SOLD April 8-14, 2024

AddressOpeningClosedBedsBathsSFProp TypeDays
4 TOUCHSTONE #107$319,999$285,00032.11351CONDO267
16250 PACIFIC HWY #57$384,000$359,000221305CONDO405
26 GREENRIDGE CT$497,000$420,00032.11996ATTACHD127
5052 FOOTHILLS DR, C$445,000$425,000321252CONDO43
10 CONDOLEA DR / Main$499,000$505,000221312CONDO9
16900 GASSNER LN$839,000$750,000433480DETACHD12
14 ICARUS LOOP$819,900$788,00032.13201DETACHD213
18150 BRYANT RD$824,900$820,000321468DETACHD26
14480 CAMDEN LN$940,000$899,00032.12069DETACHD41
4908 HASTINGS DR$950,000$930,00032.12109DETACHD7
24 AQUINAS ST$1,050,000$931,68032.13200DETACHD28
838 ASH ST$1,058,000$1,054,50042.12785DETACHD5
47 HILLSHIRE DR$1,550,000$1,418,00042.13324DETACHD187
17663 HILL WAY$1,799,900$1,739,900333375DETACHD482
12830 ALTO PARK RD$1,899,900$1,899,90043.13509DETACHD32
14050 GOODALL RD$2,450,000$2,250,00054.26943DETACHD9
1617 LAKE FRONT RD$4,898,000$4,700,00044.14610DETACHD226
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) .