Lake Oswego Real Estate Blog
All About Lake Oswego, Oregon real estate topics
Night Market on Sat & More!
Every Saturday in lake Oswego we get to enjoy the Farmers Market at Millennium Plaza Park CLICK HERE FOR MORE INFO and we have a couple more “Special” markets happening this week in Lake Oswego too! One is the First Sunday Market in Lake Grove CLICK HERE FOR MORE INFO ***AND*** a special event tonight/Saturday at Elephants Delicatessen with local artisans and all manner of food & fun: Night Market!!! CLICK HERE FOR MORE INFO .
Photo by: Elina Fairytale
Last week Lake Oswego had 16 Properties enter the market (New), 20 move to Pending/Accepted Offer status, and 21 that Sold/Closed. Right now there are 148 properties available in Lake Oswego ranging from $199,900 to $11,500, 000.
Here is the breakdown according to RMLS:
NEW March 25-31, 2024
| Address | List Price | Beds | Baths | SF | Prop Type |
| 44 EAGLE CREST DR, #38 | $250,000 | 1 | 1 | 798 | CONDO |
| 141 Oswego Summit / Upper | $315,000 | 2 | 2 | 1140 | CONDO |
| 50 CERVANTES CIR | $319,000 | 2 | 1.1 | 1399 | CONDO |
| 15240 BOONES WAY / Main | $445,000 | 2 | 2 | 1180 | CONDO |
| 15486 BRIANNE CT | $459,000 | 2 | 2.1 | 1284 | CONDO |
| 16200 PACIFIC HWY, #2 | $499,900 | 2 | 2 | 1190 | CONDO |
| 456 5TH ST | $650,000 | 2 | 1.1 | 1092 | CONDO |
| 6239 EDGEWOOD ST | $679,000 | 3 | 2 | 1434 | DETACHD |
| 30 MORNINGVIEW CIR | $750,000 | 3 | 3 | 2276 | DETACHD |
| 16855 FERNWOOD DR | $899,000 | 4 | 3 | 2735 | DETACHD |
| 17867 SUNDOWN CT | $995,000 | 3 | 3.1 | 2763 | DETACHD |
| 1530 LARCH ST | $1,039,000 | 4 | 3 | 2384 | DETACHD |
| 62 Touchstone | $1,289,000 | 5 | 3 | 3972 | DETACHD |
| 214 NORTHSHORE RD | $1,599,900 | 3 | 3 | 1978 | DETACHD |
| 4992 PARK BLUFF PL | $2,200,000 | 4 | 3.2 | 4023 | DETACHD |
| 3096 WEMBLEY PARK RD | $2,395,000 | 5 | 4 | 4165 | DETACHD |
PENDING March 25-31, 2024
| Address | List Price | Beds | Baths | SF | Prop Type | Days |
| 100 KERR PKWY, #41 | $225,000 | 2 | 1.1 | 822 | CONDO | 26 |
| 45 EAGLE CREST DR, #207 | $250,000 | 2 | 1.1 | 1056 | CONDO | |
| 512 S STATE ST, #512 | $315,000 | 1 | 1 | 829 | CONDO | 16 |
| 15486 BRIANNE CT | $459,000 | 2 | 2.1 | 1284 | CONDO | 3 |
| 10 CONDOLEA DR / Main | $499,000 | 2 | 2 | 1312 | CONDO | 9 |
| 5726 SW DOGWOOD DR | $519,000 | 3 | 1 | 2664 | DETACHD | 29 |
| 30 WHEATHERSTONE | $525,000 | 3 | 2.1 | 1692 | CONDO | 22 |
| 30 MORNINGVIEW CIR | $750,000 | 3 | 3 | 2276 | DETACHD | 0 |
| 18150 BRYANT RD | $824,900 | 3 | 2 | 1468 | DETACHD | 26 |
| 17558 BRYANT RD | $825,000 | 4 | 2.1 | 2172 | DETACHD | 50 |
| 6236 SW WAYZATA CT | $900,000 | 4 | 2.1 | 2127 | DETACHD | 10 |
| 4407 OAKRIDGE RD | $939,000 | 3 | 2.1 | 2265 | ATTACHD | 10 |
| 1530 LARCH ST | $1,039,000 | 4 | 3 | 2384 | DETACHD | 2 |
| 14674 RAINBOW DR | $1,295,000 | 4 | 3 | 3190 | DETACHD | 11 |
| 2316 OAKHURST LN | $1,350,000 | 4 | 2.1 | 3639 | DETACHD | 9 |
| 16368 LAKE FOREST BLVD | $1,399,000 | 4 | 2.1 | 2750 | DETACHD | 27 |
| 13180 THOMA RD | $2,150,000 | 5 | 4.1 | 5526 | DETACHD | 13 |
| 4992 PARK BLUFF PL | $2,200,000 | 4 | 3.2 | 4023 | DETACHD | 0 |
| 17331 CANYON DR | $2,295,000 | 4 | 4 | 3795 | DETACHD | 53 |
| 3145 Douglas CIR | $3,299,900 | 4 | 4.1 | 4735 | DETACHD | 42 |
SOLD March 25-31, 2024
| Address | Opening | Closed/Sold | Beds | Baths | SF | Prop Type | Days |
| 5054 FOOTHILLS DR, H | $400,000 | $330,000 | 3 | 2 | 1252 | CONDO | 249 |
| 200 BURNHAM RD, #306 | $359,000 | $339,000 | 2 | 1 | 1199 | CONDO | 654 |
| 4516 LOWER DR, B4 | $575,000 | $575,000 | 3 | 2.1 | 1997 | CONDO | 297 |
| 3485 DEVONSHIRE DR | $624,950 | $600,000 | 3 | 2 | 1556 | ATTACHD | 17 |
| 4736 AMHERST CT | $834,900 | $710,000 | 3 | 2.1 | 2929 | ATTACHD | 12 |
| 3930 SOUTHSHORE BLVD | $725,000 | $750,000 | 4 | 2 | 3526 | DETACHD | 1052 |
| 17 SPINOSA | $750,000 | $760,000 | 3 | 2 | 3123 | DETACHD | 1 |
| 121 WILBUR ST | $749,900 | $765,000 | 3 | 2 | 1631 | CONDO | 4 |
| 16084 WHITE OAKS DR | $975,000 | $938,000 | 4 | 2.1 | 2226 | DETACHD | 4 |
| 3814 RIVERS EDGE DR | $1,000,000 | $950,000 | 4 | 2.1 | 2937 | DETACHD | 12 |
| 304 6TH ST | $1,000,000 | $975,000 | 3 | 2 | 1691 | DETACHD | 23 |
| 18 MONTICELLO DR | $985,000 | $981,000 | 6 | 3 | 4626 | DETACHD | 19 |
| 13265 FOX RUN | $1,089,000 | $1,089,000 | 4 | 2.1 | 2614 | DETACHD | 3 |
| 15119 QUARRY RD | $1,198,000 | $1,100,000 | 3 | 2 | 2106 | DETACHD | 2 |
| 322 2ND ST | $1,215,000 | $1,205,000 | 3 | 3.1 | 1974 | ATTACHD | 190 |
| 3721 UPPER DR | $1,995,000 | $1,450,000 | 4 | 2.1 | 3249 | DETACHD | 7 |
| 1420 MORNING SKY CT | $1,529,900 | $1,530,000 | 4 | 3.1 | 3613 | DETACHD | 32 |
| 2679 GLEN EAGLES RD | $2,147,000 | $2,147,000 | 4 | 4.1 | 4709 | DETACHD | 4 |
| 4243 UPPER DR | $2,249,900 | $2,175,000 | 4 | 4 | 3361 | DETACHD | 35 |
| 3070 WEMBLEY PARK RD | $2,395,000 | $2,272,000 | 4 | 3.1 | 4032 | DETACHD | 8 |
| 755 ELLIS AVE | $3,587,000 | $3,350,000 | 5 | 4.1 | 4966 | DETACHD | 42 |
Lake Oswego truly is a beautiful place in the springtime.
It felt like winter hung on until exactly the first day of spring and then, bang! Spring burst forth. So many flowering trees, daffodils and tulip.
To me, spring speaks of optimism and rebirth. It is a reward for hard work and persevering. These photos are from my walk yesterday.
I honestly love every season: even the cold and shortened daylight of winter. Yet, spring has something special going for it. I hope that today you are able to enjoy some fresh air and to see the beauty and splendor that is all around us.
Dianne
Here is your breakdown from the previous month/January 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 ~ January 2024 Market Data:
The big stories are that the Portland Metro area saw a jump in overall inventory, and New Listings shot up over last month by 89.2%. Neither of these things is unusual as we move past the dividing line into the New Year, and/but there is a general feeling that this is just the beginning of a new trend. We’ll have to see what the numbers are for Feb once they’re available. We also see downward motion on the overall sale price numbers from December… That is not necessarily unusual either because the end of the year is a notorious time for people to want to negotiate aggressively for various reasons.
Lake Oswego sale price average can vary widely from month to month affected greatly by the sale of one or several high dollar or low dollar properties that tend to skew the real meaning of following that particular stat in LO.
Rates: “Rates have stabilized in the low to mid 6% range. I don’t anticipate major movement in the next few weeks” Gary Boyer, Regional VP, Directors Mortgage
According to the RMLS Market Action Report for the Portland Metro Area January 2024:
NEIGHBORHOODS:
LAKE OSWEGO: (Month of Jan ’24)
167 Active Listings (Dec 171)
96 New Listings (Dec 45)
69 Pending Sales (Dec 46)
44 Closed Sales (Dec 60
Average Sale Price for Dec: $883,600 (Dec $1,095,500)
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.
89 Days on the Market (Dec 71)
The data listed above is as reported by the Regional Multiple Listing Service (RMLS)
I had to share this graphic. Look at the Portland Metro area. There are only 3 parts of the community that did not loose value in the last year: Tigard/Wilsonville and Lake Oswego/West Linn. And appreciation in LO/WL has been a healthy 5.9%. You should feel very good about choosing Lake Oswego as a place to live or to aspire to live. Not only is it a terrific community, but it’s a great investment.
Linda and I want to wish you and yours a very Happy New Year filled with success, health, happiness, and everything you are striving for in the months ahead.
On this Christmas Day, Dianne and I wish you and your loved ones a holiday filled with all the cozy things you associate with this time of year. In this big world, we are grateful for so many things, and we wish you more of exactly what fills your home with Joy. Happy Holidays and Merry Christmas to you!
Many Realtors plan cruises and vacation trips at this time of year. Very early on in my real estate career, my Principal Broker handed me a tenet …an affirmation of sorts that I adopted as my own long ago when she said ~ “I am always busy in December.” And so it is.
Life goes on and people always have reasons to pursue changing their living environment no matter what time of year it is. You’ll often hear: “Wait till the spring” and the like. That may or may not be good advice when really looking at the individual’s situation and needs. I thought it might be useful to point out a few things about Real Estate at this time of year~
There are so many “extra” distractions right about now… gift-hunting, party-planning, wrapping, festive food-planning & preparation, school break planning for the kids…not to mention that it is often raining and cold and sometimes snowing. People who are looking for a home at this time of year are serious Buyers. So, as a homeowner who has a reason to make a life-change that involves selling your home right about now, the people coming through your home are not “just looking”. It’s a good thing to narrow/concentrate the Buyer-pool this way! Dianne also often points out that selling your property during the holidays allows you to really create those warm notes that often attract Buyers to a “home” rather than just a house~ Lights in the windows, festive decorations inside & out, and maybe even the smell of cookies authentically in the air. And from the other side of the equation~ Buyers, at this time of year may find they encounter Sellers who are more amenable to taking care of necessary safety/functional repair items and the tone is often more friendly with the goal of working toward mutual-benefit surrounding the transaction. ***So, generally, timing is usually some kind of factor for both the Buyer and the Seller right now which tends to create a cooperative mindset.
I thought it might be important for *someone* reading this to take note of these things should you find yourself in the midst of some life change nudging you to take action. As always, Dianne and I are here for you should this ever be the case.
Happy Holidays!
Last week Lake Oswego had 7 properties entering the market, 8 moving to Pending status and 7 that Closed/Sold. Right now there are 120 properties available ranging from $250/,000 to $11,500,000.
Here is the breakdown according to RMLS:
NEW Nov 20-26, 2023
| Address | List Price | Beds | Baths | SF | Prop Type |
| 4 TOUCHSTONE #128 | $250,000 | $3 | 2.1 | 1350 | CONDO |
| 11 OSWEGO #11 | $332,800 | $2 | 2 | 1241 | CONDO |
| 1724 OAK ST | $870,000 | $3 | 2 | 2689 | DETACHD |
| 18521 WAXWING CIR | $1,250,000 | $4 | 2.1 | 2936 | DETACHD |
| 4355 HAVEN ST | $1,999,900 | $4 | 4.1 | 3211 | DETACHD |
| 17132 LOWENBERG TER | $2,100,000 | $4 | 4.2 | 3322 | DETACHD |
| 4745 DOGWOOD DR | AUCTION | $4 | 4 | 3920 | DETACHD |
PENDING Nov 20-26, 2023
| Address | List Price | Beds | Baths | SF | Prop Type | Days |
| 45 EAGLE CREST DR #402 | $219,900 | $1 | 1 | 768 | CONDO | 71 |
| 86 KINGSGATE RD / Upper | $298,000 | $2 | 2 | 849 | CONDO | 100 |
| 141 TOUCHSTONE CT | $589,000 | $3 | 2.1 | 2066 | ATTACHD | 90 |
| 16240 PARKER RD | $679,000 | $3 | 2 | 1454 | DETACHD | 269 |
| 13990 SHIREVA CT | $789,000 | $3 | 2 | 1702 | DETACHD | 19 |
| 369 5TH ST | $825,000 | $2 | 1 | 1552 | DETACHD | 4 |
| 6050 CHILDS RD | $900,000 | $3 | 1.1 | 2129 | DETACHD | 17 |
| 18368 TAMAWAY DR | $1,150,000 | $4 | 3 | 3741 | DETACHD | 40 |
SOLD Nov 20-26, 2023
| Address | Opening | Closed | Beds | Baths | SF | Prop Type | Days |
| 51 GREENRIDGE CT | $475,000 | $453,457 | $2 | 2 | 1348 | ATTACHD | 30 |
| 12884 BOONES FERRY RD | $475,000 | $472,500 | $2 | 2.1 | 1210 | CONDO | 3 |
| 12802 BOONES FERRY RD | $479,900 | $479,900 | $3 | 2.1 | 1182 | CONDO | 87 |
| 1228 CEDAR ST | $625,000 | $610,000 | $3 | 2 | 1302 | DETACHD | 95 |
| 34 CHURCHILL DOWNS | $824,000 | $725,000 | $4 | 3 | 2080 | DETACHD | 56 |
| 3460 LAKE GROVE AVE | $1,498,000 | $1,450,000 | $3 | 2 | 1673 | DETACHD | 49 |
| 2275 GLEN HAVEN RD | $2,349,900 | $2,234,900 | $4 | 4 | 4109 | DETACHD | 2 |
Here are my picks for what to do in Lake Oswego this week!
Mon, Nov 6 , 2023 – Storyline Recording- Listen to short stories, book excerpts and poetry on demand, – INFO: CLICK HERE
Tues, Nov 7, 2023 – 2:30-4:30 PM – Slow Jam ~ 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, Nov 8, 2023 – 6:00 PM – Historic Resources Advisory Board ~ Review the Historic Preservation Grant from Lakewood Neighborhood, Revisions to the Historic Preservation Code, Parks Plan & More ~ Lake Oswego City Hall, 380 A Avenue ~ More Info : CLICK HERE
Thurs, Nov 9, 2023 – 6:00 PM – Teen Advisory Board! ~Be a part of planning programs including book groups, movie nights and more! ~ Lake Oswego Library, Lower Level, 706 Fourth St. – More Info: CLICK HERE
Fri, Nov 10, 2023 – 2:00-4:00 PM –Family Movie Matinee~ Start your long weekend with a movie on a rainy day at cozy Children’s Library. Featuring “Super”. ~ Lake Oswego Public Library, 706 Fourth St ~ More Info: CLICK HERE