Category: General

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:

Address	List Price	Beds	Baths	SF	Prop Type
86 KINGSGATE RD #22	$335,000	2	2	924	CONDO
6880 SW MONTAUK CIR / Grnd	$339,000	3	2	1092	CONDO
4306 BOTTICELLI ST	$475,000	2	2.2	2043	CONDO
1437 OAK ST	$660,000	3	1	1070	DETACHD
58 CONDOLEA TER / Grnd	$699,000	3	3	2958	CONDO
1290 PINE ST	$750,000	3	2	2048	DETACHD
5861 BENFIELD CT	$759,900	4	2	1658	DETACHD
35 ORIOLE LN	$785,000	3	2.1	1790	DETACHD
19443 KOKANEE CT	$824,900	4	2.1	2888	DETACHD
5311 CHILDS RD	$849,500	4	2.1	1929	DETACHD
12123 ORCHARD HILL WAY	$899,900	4	2.1	2841	DETACHD
4584 TRILLIUM WOODS	$925,000	3	2.1	2174	ATTACHD
12611 BOONES FERRY RD	$1,195,000	5	3	4042	DETACHD
17430 SCHALIT WAY	$1,200,000	4	2.1	2480	DETACHD
754 5TH ST	$1,250,000	3	3	2179	DETACHD
17465 UPPER CHERRY LN	$1,330,000	5	4	3856	DETACHD
13092 AMBER PL	$1,500,000	4	3	3146	DETACHD
4230 Sunset DR	$1,699,000	$4	2.1	3250	DETACHD
550 MIDDLECREST RD	$1,999,900	$3	2.1	2332	DETACHD
2301 WEMBLEY PARK RD	$2,100,000	$4	3.1	3600	DETACHD
469 7TH ST	$2,295,000	$4	3.1	4050	DETACHD
13180 THOMA RD	$2,325,000	$5	4.1	5526	DETACHD
19494 SW Lorna LN	$3,589,000	$4	4.2	4806	DETACHD
2936 LAKEVIEW BLVD	$3,595,000	$5	3.1	4208	DETACHD
3648 LAKEVIEW BLVD	$5,500,000	$4	4.1	4000	DETACHD

PENDING July 10-16, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
3331 FIR RIDGE RD	$339,000	3	2	1092	CONDO	2
15470 BOONES WAY	$599,000	$3	1.1	1012	DETACHD	4
550 MIDDLECREST RD	$669,900	$4	2.1	1721	DETACHD	7
19443 KOKANEE CT	$699,900	$3	2.1	1650	DETACHD	4
18591 WAXWING WAY	$759,900	$4	2	1658	DETACHD	3
5861 BENFIELD CT	$824,900	$4	2.1	2888	DETACHD	3
6880 SW MONTAUK CIR/Grnd	$875,000	$3	3	2344	DETACHD	5
5233 ROSEWOOD ST	$889,000	$3	2.1	2145	DETACHD	5
62 TOUCHSTONE	$975,000	$3	2.1	3002	DETACHD	41
19201 INDIAN CREEK AVE	$999,995	$5	3	3972	DETACHD	36
19438 TUALAMERE AVE	$1,200,000	$4	2.1	2480	DETACHD	2
17079 CHERRY CREST AVE	$1,390,000	$3	2.1	3515	ATTACHD	121
5030 FIRWOOD RD	$1,999,900	$3	2.1	2332	DETACHD	2
17430 SCHALIT WAY	$2,399,900	$4	4	3771	DETACHD	276
2936 LAKEVIEW BLVD	$2,595,000	$5	4	4123	DETACHD	4
840 LAKE FOREST DR	$3,595,000	$5	3.1	4208	DETACHD	4

SOLD July 10-16, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY #30	$176,900	$148,000	1	1	617	CONDO	130
4 TOUCHSTONE #80	$245,000	$240,210	2	2	984	CONDO	49
29 OSWEGO / Grnd	$259,900	$255,000	1	1	669	CONDO	67
260 CERVANTES	$630,000	$615,000	3	2.1	2551	ATTACHD	40
18839 KRISTI WAY	$649,500	$640,000	3	1.1	1344	DETACHD	34
5785 KIMBALL CT	$679,000	$665,000	4	2	1346	DETACHD	45
5237 SW DAWN ST	$674,900	$729,000	3	1.1	1654	DETACHD	5
2 MORNINGVIEW PL	$789,000	$742,000	3	2.1	1887	ATTACHD	5
526 2ND ST #20	$789,000	$785,000	2	2.1	1576	CONDO	5
5364 ROSEWOOD ST	$790,000	$790,000	4	2.1	1980	DETACHD	12
644 ELLIS AVE	$875,000	$790,000	4	2	2335	DETACHD	47
1430 LARCH ST	$900,000	$900,000	3	3	2312	DETACHD	0
1448 GREENTREE CIR	$945,000	$918,000	4	2.1	2649	DETACHD	139
1474 GREENTREE CIR	$939,000	$950,000	3	2	1842	DETACHD	3
17577 BLUE HERON CT	$989,000	$1,010,000	5	3	2980	DETACHD	5
4959 BILFORD LN	$995,000	$1,035,000	3	2.1	2456	DETACHD	3
13657 PROVINCIAL HILL WAY	$1,100,000	$1,125,000	4	2.1	2790	DETACHD	32
302 FURNACE ST	$1,195,000	$1,195,000	$3	2.1	1945	DETACHD	10
2415 PARK RD	$1,265,000	$1,219,000	$4	2.1	2747	DETACHD	32
641 3RD ST #2	$1,190,000	$1,225,000	$3	2.1	2092	CONDO	3
2552 PALISADES CREST DR	$1,300,000	$1,295,000	$4	2.1	3263	DETACHD	26
17237 LOWENBERG TER	$1,325,000	$1,306,500	$3	2.1	3150	DETACHD	3
573 2ND ST #308	$1,250,000	$1,326,500	$2	2.1	1659	CONDO	3
14611 UPLANDS DR	$1,595,000	$1,420,000	$4	4	3118	DETACHD	42
1930 INDIAN TRL	$1,560,000	$1,650,000	$3	3	3260	DETACHD	5
17327 WESTVIEW DR	$2,324,900	$2,275,000	$5	4	4008	DETACHD	13
4947 Park Bluff PL	$2,400,000	$2,400,000	$4	4.1	4292	DETACHD	372

Dianne and I wish you and your loved-ones a joyous celebration today!

Mon, June 12, 2023 – 1-3 PM– American Mah Jongg – Mah Jongg is a game of strategy, skill and calculation. Some say it is similar to Rummy. This practice group has many tables already formed, but if you’d like to join you can sign up to be included in the next open table of 3-4 people. – More Info: CLICK HERE

Tues, June 13 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, June 14, 2023 – 10-11:30 AM – Geneology Interest Group~  This meeting is a field trip! regular Zoom and in-person meetings will resume after this week — More Info :  CLICK HERE

Thurs, June 15, 2023 – 2-4 PM – Movie Matinee for Teens (Ages 13+) ~ Get in out of the heat or just come to relax with friends and popcorn. The lake Oswego Library has a cozy spot for you and your friends. ~ Lake Oswego Library 706 Fourth St – More Info:  CLICK HERE

Fri, June 16, 2023 – 10:30-11 AM -Spanish Language Story & Play Stories presented by Jessica Amezcua from Adventures in Spanish for children ages 0-5 and their caregivers. – Lake Oswego Library 706 Fourth St More Info: CLICK HERE

Sat, June 17, 2023 – 8:30 AM-1:30 PM– Lake Oswego Farmers’ Market – Enjoy the region’s finest food, artisan crafts, music & fun. It’s summer and the 2023 season is in full swing! – Millennium Plaza Park, 200 1st Street More Info :  CLICK HERE

Sun, June 18, 2023 -Juneteenth Celebration- 1-4 PM – Presented by: City of Lake Oswego, Respond to Racism, the Arts Council of Lake Oswego ,and LO for LOve~ Commemorate the end of slavery with a community celebration honoring this historic day. The program includes a keynote address from Dr. Renee Mitchell, award-winning metro columnist for The Oregonian and visionary behind I Am M.O.R.E., a heART focused youth development program. The event also features performances by DJ Avelanche and Sebe Kana West African Drum and Dance troupe, youth poetry, vendors and the unveiling of the mural Ms. Willie’s Dream by Sarah Farahat at City Hall ~ 380 A Ave. – More Info: CLICK HERE

Last week in Lake Oswego 24 properties entered the market, 7 moved to Pending status and 19 Sold/Closed. Right now there are 147 homes available ranging from $154,900 to $8,950,000.

Here is the breakdown:

NEW May 29-June 4, 2023

Address	List Price	Beds	Baths	SF	Prop Type
152 OSWEGO SUMMIT	$319,900	2	2	1383	ATTACHD
80 GALEN ST / Upper	$325,000	2	2	995	CONDO
248 RIDGEWAY RD / Upper	$395,000	1	1	753	CONDO
6336 FROST ST	$549,900	4	2	2200	DETACHD
79 GREENRIDGE CT	$675,000	2	2	1642	ATTACHD
4 CELLINI CT	$775,000	4	3	2709	DETACHD
5363 GREYSTOKE DR	$795,000	3	2	1541	DETACHD
449 C AVE	$999,000	3	2	2261	DETACHD
1260 ROCKINGHORSE LN	$1,010,000	4	2.1	2176	DETACHD
43 BECKET ST	$1,070,000	4	3.1	3689	DETACHD
17079 CHERRY CREST AVE	$1,100,000	3	2.1	3002	DETACHD
62 TOUCHSTONE	$1,125,000	5	3	3972	DETACHD
4840 SW DOGWOOD DR	$1,125,000	3	3	2716	DETACHD
302 FURNACE ST	$1,195,000	3	2.1	1945	DETACHD
13290 HIDDEN BAY CT	$1,199,000	4	2.1	3156	DETACHD
319 3RD ST	$1,250,000	3	3.1	1937	ATTACHD
63 GARIBALDI ST	$1,250,000	3	3.1	4223	DETACHD
18440 DELENKA LN	$1,495,000	$4	3.1	4696	DETACHD
650 1ST ST / Ground	$1,595,000	$3	2.1	2767	CONDO
4039 CANAL WOODS CT	$1,598,000	$4	3.1	4178	DETACHD
1550 Country Commons	$1,995,000	$4	3	4818	DETACHD
735 7TH ST	$2,099,000	$3	3.1	3073	DETACHD
17327 WESTVIEW DR	$2,324,900	$5	4	4008	DETACHD
7 DOVER WAY	$2,595,000	$5	5.1	7803	DETACHD

PENDING May 29-June 4, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
13290 HIDDEN BAY CT	$400,500	2	2.1	1980	CONDO	82
15923 TWIN FIR RD	$610,000	4	2	1721	ATTACHD	3
1260 ROCKINGHORSE LN	$670,000	3	2	1769	DETACHD	6
1466 BONNIEBRAE DR	$849,900	4	2.1	2597	DETACHD	15
5106 LAKEVIEW BLVD	$1,010,000	4	2.1	2176	DETACHD	3
3520 UPPER DR	$1,199,000	4	2.1	3156	DETACHD	1
4459 GOLDEN LN / Grnd	$1,900,000	3	2	1540	DETACHD	10

SOLD May 29,-June 4, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
35 CRESTFIELD CT #35	$299,000	$299,000	2	1	921	CONDO	36
16250 PACIFIC HWY #75	$419,000	$388,000	3	2	1593	CONDO	109
5822 SW ROCKWOOD CT	$545,000	$449,000	3	1.1	1092	DETACHD	40
1302 BOCA RATAN DR	$615,000	$600,000	3	2.1	1739	CONDO	24
2348 OVERLOOK DR	$645,000	$635,000	4	3	2567	DETACHD	4
4748 AMHERST CT	$695,000	$675,000	3	2.1	3015	ATTACHD	46
17515 Tree Top Way	$809,900	$809,900	3	2	1975	DETACHD	3
60 TOUCHSTONE	$885,000	$885,000	4	3	2657	DETACHD	9
17143 Rebecca LN	$890,000	$890,000	3	2.1	1943	DETACHD	13
1421 CHERRY CREST DR	$925,000	$935,000	4	3	2785	DETACHD	5
191 3RD ST #6	$950,000	$950,000	2	2	1523	CONDO	33
11 NANSEN SMT	$1,495,000	$980,000	4	4.1	4955	DETACHD	300
2318 HILLSIDE LN	$1,195,000	$1,150,000	4	3.1	3258	DETACHD	14
2468 MARYLHAVEN PL	$1,295,000	$1,255,000	4	3.1	3606	DETACHD	34
16121 PARELIUS CIR	$1,375,000	$1,400,000	4	2.1	3506	DETACHD	4
530 MIDDLECREST RD	$1,659,000	$1,500,000	4	3	3280	DETACHD	97
1273 WELLS ST	$1,795,000	$1,720,000	5	3	4091	DETACHD	24
14381 FOSBERG RD	$2,150,000	$2,050,000	$4	3.1	5028	DETACHD	1
16693 PHANTOM BLUFF CT	$2,000,000	$2,200,000	$3	3	3201	DETACHD	4

Overview/Fluctuations ~ January 2023 Market Data:                

Inventory has risen again which is a hopeful sign for 2023. Though we show some activity decreases from last January, we’re rising in New & Pending Sales over December. Prices took a hit during December as Sellers looked to secure Buyers toward the end of the year. Time will tell how prices will be affected as the year progresses, but all signs on the street are of a heating market even in these cold temperatures with Buyers out making offers, & sometimes competing, which can move prices higher. NAR is predicting lower rates this year. So, essentially, there is a promising waft in the air with prices stabilizing somewhat and Buyers moving on with their lives.                                                                       

Rates: “We have seen upward pressure on rates with inflation data coming in higher than expected, but thankfully no big move with rates staying in the lower 6% range.”          Gary Boyer, Regional VP, Directors Mortgage

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

• There were 1,938 New Listings in Jan– down 16% from 2,307 in Jan 2022 and up 80.6% from the previous month/Dec’s 1,073.
• At 1,088 Jan 2023’s Closed Sales (Solds) are down 41.3% from Jan 2022’s 1,853, and decreased 25.7% from the previous month/Dec 2022’s total of 1,464.
• At 1,771 Jan 2023’s Pending Sales (accepted Offers) are down 22.6% from Jan 2022’s 2,287, and rose 46.8% from the previous month/Dec’s total of 1,206.
• The Average Sale Price for January 2023 of, $532,900 is down $53,700 from last year/Jan 2022’s $586,600, and down $33,800 from the previous month/Dec’s $566,700. 
• The “Median” Sale Price (the price smack dab in the middle of all sales) in January 2023 of $489,500 dropped $22,500 from Jan 2022’s $512,000, and down $18,000 from December 2022. 

NEIGHBORHOODS/AREAS OF PORTLAND:

LAKE OSWEGO (January 2023):

132 Active Listings (Dec 142)
81 New Listings  (Dec 40)
75 Pending Sales (Dec 35)
38 Closed Sales  (Dec 59)
Average Sale Price for Nov: $1,005,400 (Dec $820,200)
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   (Dec 58)

Here’s my pick this week for a free & fun adventure in Lake Oswego this week~

Here you’ll find the overall Monthly Report plus year-end details and Neighborhood Stats as of Dec 31st, 2022, with Lake Oswego broken out below:

Rates: “Rates are still hovering in the lower 6% range. There has been less volatility lately which is a positive sign.” Gary Boyer, Regional VP, Directors Mortgage

The twelve months of 2022 compared to 2021: New Listings, (36,210) decreased 10.7%. Sales (26,852) decreased 24.2%, and Closed Sales (27,985) decreased 20.5%.         By Comparison, Twelve months of 2021 as compared to 2020 from last year’s December Report read: New Listings, (40,531) increased 5.4%. Pending Sales (35,405) increased 7.8%, and Closed  Sales (35,182) increased 9.8%.

According to the RMLS Market Action Report  for the Portland Metro Area-Dec 2022:

• There were 1,073 New Listings in Dec 2022 – down 32.9% from 1,599 in Dec 2021 and down 35.6% from the previous month/Nov’s 1,666.
• At 1,464 Dec 2022’s Closed Sales (Solds) are down 43.3% from Dec 2021’s 2,582, and down 9.7% from the previous month/Nov 2022’s total of 1,621.
• At 1,206 Dec 2022’s Pending Sales (accepted Offers) are down 37.9% from Dec 2021’s 1,942, and also down 19.5% from the previous month/Nov’s total of 1,498.
• The Average Sale Price for December 2022 of, $566,700 is down $16,200 from last year/Dec 2021’s $582,900, and down $17,900 from the previous month/Nov’s $584,600.  YTD Average is 610,900, up 6.8%  (+15.8% in 2021)
• The “Median” Sale Price (the price smack dab in the middle of all sales) in December 2022 of $507,500 is down $3,500 from last year/Dec 2021’s $511,000, and down $18,400 from the previous month’s $525,900.  YTD Median is 548,400, up 7.7%   (+15.7% in 2021)                    

Neighborhoods/Areas of Portland:

LAKE OSWEGO (December 2022):

142 Active Listings (Nov 173)
40 New Listings  (Nov 73)
35 Pending Sales (Nov 48)
59 Closed Sales  (Nov 69)
Average Sale Price for Nov: $820,200 (Nov $1,003,400)
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.
58 Days on the Market   (Nov 42)

May we all carry forward the Dream & the deeds to make it real for ourselves and our children.