Market Activity January 16-22, 2023

It feels to me like the market is really picking up. Multiple offers are happening again on well-priced houses. The inventory remains low, but it will pick up steam as we head towards spring.

Last week in LO there were 10 new listings, 7 of which sold fast and are represented here as pending sales. There were 13 houses that went pending, and 1 closed sale.

See below for RMLS data.

New on the Market January 16-22, 2023

AddressTypePriceBedroomsBathsSq. Feet
44 Eagle Crest #23Condo$229,90011798
47 Eagle Crest #18Condo$249,99921932
16250 Pacific Hwy #75Condo$419,000321593
16880 Tracy AveDetached$539,900311080
16019 Terry AveDetached$674,900321344
573 2nd StCondo$1,200,00022.51659
2126 Wembley PlDetached$1,795,00043.53603

Pending Sales January 16-22, 2023

AddressTypePriceBedroomsBathsSq. FeetDOM
86 Kingsgate Rd #63Condo$265,00022849156
3808 Botticelli StCondo$349,5003212243
12826 Boones Ferry RdCondo$463,70022.5118273
258 CervantesAttached$559,90032.523123
18350 Pilkington RdDetached$565,0003212902
1141 Devon LnDetached$750,00022.5193217
791 4th StDetached$879,000321568240
1466 Nelson CtDetached$1,149,00043/53169137
913 Sunny Hill DrDetached$1,250,00063.541967
853 E AveDetached$1,999,00033.52839109
4938 Park Bluff PlDetached$2,495,00044.54046167
17688 Upper Cherry LnDetached$2,685,00043.5504067
3917 Southshore BlvdDetached$5,200,00034.5+.550830

Closed/Sold January 16-22, 2023

AddressTypeList PriceSold PriceSq. FeetCDOM
1612 Lake Front RdDetached$950,000$945,000183151

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.

Market Activity ~ Jan 9-15, 2023

Last week we saw 6 properties enter the market in Lake Oswego, 6 move to Pending status, and 3 Sold/Closed.

Right now there are 91 homes available in lake Oswego ranging from 229,900 to 9.9 mil.

Here is the breakdown according to RMLS:

NEW Jan 9-15, 2023

AddressList PriceBedsBathsSFProp Type
258 CERVANTES$559,90032.12312ATTACHD
15430 PARTRIDGE DR$746,50042.12279DETACHD
913 SUNNY HILL DR$1,250,00063.14196DETACHD
530 MIDDLECREST RD$1,659,000433280DETACHD
4694 UPPER DR$2,098,000333637DETACHD
1960 Mapleleaf RD$2,450,00055.14099DETACHD

PENDING Jan 9-15, 2023

AddressList PriceBedsBathsSFProp TypeDays
210 S STATE ST #5$365,000211339CONDO70
16 HOTSPUR ST$799,000432335DETACHD5
2845 VALE CT$800,000433157DETACHD101
3195 EDGEMONT RD$975,000321858DETACHD4
6545 CHILDS RD$1,199,90064.13508DETACHD28
789 E AVE$1,899,90032.12733DETACHD4

SOLD Jan 9-15, 2023

AddressOpeningClosedBedsBathsSFProp TypeDays
5 GOYA ST$680,000$665,50042.12586DETACHD39
2424 GREENTREE RD$729,000$735,00032.11944DETACHD17
4920 MULHOLLAND DR$805,000$775,00032.12498ATTACHD62
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” to indicate CDOM for ease of understanding) .

Market Activity Jan 2-8, 2023

So exciting to be starting another new year in real estate! I’ve been seeing tulips in the stores and enjoying that feeling that spring is around the corner.

While there are not yet tulips in our yards, there are houses coming on the market and selling. Last week in Lake Oswego we had 3 new listings, one of which sold quickly and is reflected here as pending. We also had 5 pending sales and 5 closed sales.

Please see below for RMLS data.

New on the Market Jan 2-8, 2023

AddressTypePriceBedroomsBathsSq Feet
16250 Pacific Hwy #57Condo$384,000221305
30 Condolea DrCondo$450,000221420

Pending Sales Jan 2-8, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
16439 Lexington CtDetached$740,00022156352
1141 Devon LnDetached$750,00022.519325
4361 Albert CircleDetached$795,00042.52282118
17920 Meadowlark LnDetached$1,200,00042.5275810
13052 Knaus RdDetached$1,400,00043302623

Sold/Closed Jan 2-8, 2023

AddressTypeList PriceClosed PriceSq FeetCDOM
3433 McNary Pkwy #806Condo$324,900$308,300113649
1475 Cornell StDetached$799,000$640,0001599103
1310 Lee StDetached$789,900$730,000234491
2350 Southshore BlvdDetached$996,000$926,000223652
13017 Knaus RdDetached$1,898,000$1,595,0004690148

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.

Market Activity ~ Dec 12, 2022 – Jan 1, 2023

Happy new Year! Here is a look at the last 3 weeks during the time we all withdraw focus from the rest of our lives and enjoy the holidays with family and friends. Real Estate is always happening even during the holidays, and/but tends to slow down a bit too. We’ve got 7 properties that entered the market, 10 that moved to Pending status, and 19 Closed/Sold. Right now there are 91 homes available in Lake Oswego ranging from $285,000 to $6.75 mil.

Here is the breakdown according to RMLS:

NEW Dec 12, 2022 – Jan 1, 2023

AddressList PriceBedsBathsSFProp Type
3930 LAKE GROVE AVE, #3B$275,00021952CONDO
211 CERVANTES$359,900221100CONDO
6545 CHILDS RD$1,199,90064.13508DETACHD
13052 KNAUS RD$1,400,000433026DETACHD
2671 GLEN EAGLES RD$1,895,000334014DETACHD
4340 CHAPMAN WAY$2,450,000544058DETACHD
4101 SOUTHSHORE BLVD$5,500,00055.15938DETACHD

PENDING Dec 12, 2022 – Jan 1, 2023

AddressList PriceBedsBathsSFProp TypeCDOM
16 SUMMIT RIDGE CT$454,90022.11576CONDO93
1475 CORNELL ST$650,000321599DETACHD103
2424 GREENTREE RD$729,00032.11944DETACHD17
4920 MULHOLLAND DR$785,00032.12498ATTACHD62
2350 SOUTHSHORE BLVD$926,00042.12236DETACHD52
1612 LAKE FRONT RD$950,000321831DETACHD51
17291 CEDAR RD$1,245,00054.12872DETACHD130
13659 WESTLAKE DR$1,590,00043.14422DETACHD122
17484 BRYANT RD$1,675,00043.13615DETACHD152
141 FURNACE ST/Lower$1,699,00022.12249CONDO67

SOLD Dec 12, 2022 – Jan 1, 2023

AddressOpeningClosedBedsBathsSFProp TypeCDOM
45 EAGLE CREST DR, #407$245,000$203,00021.11056CONDO48
86 CERVANTES CIR, #10B$240,000$238,00021.2912CONDO45
38 CERVANTES CIR$249,500$240,00021.1912CONDO5
3930 LAKE GROVE AVE, #3B$275,000$296,00021952CONDO163
201 CERVANTES / Lower$325,000$325,00021.11247CONDO6
11 SUMMIT RIDGE CT$475,000$420,00022.11576ATTACHD208
4226 WOODSIDE CIR$537,500$503,000321578ATTACHD67
1273 BOCA RATAN DR$450,000$525,000321398ATTACHD111
17050 TUALATIN ST$749,000$770,000331905DETACHD31
17810 KELOK RD$845,000$830,000321557DETACHD27
7200 CHILDS RD$950,000$850,000442988DETACHD248
16678 INVERURIE RD$810,000$855,000422666ATTACHD507
13248 ROGERS RD$1,299,000$1,125,00053.13107DETACHD1
1451 GREENTREE CIR$950,000$1,125,00043.12328DETACHD1
3056 WEMBLEY PARK RD$1,350,000$1,280,00042.12611DETACHD9
13371 ATWATER LN$1,899,000$1,583,000434795DETACHD32
13258 AMBER PL$2,295,000$1,775,00044.13735DETACHD3
732 ELLIS AVE$2,385,000$2,095,00042.13482DETACHD60
1625 CLOVERLEAF RD$2,450,000$2,149,000443853DETACHD3
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) .

Market Activity Dec 5-11, 2022

As 2022 winds down, we here at the blotter hope you are enjoying the cool, crisp air and all of the activities of the season.

Lake week in Lake Oswego there was 1 new listing, 7 properties that accepted offers and went into pending status, and 6 sold/closed sales

See below for RMLS data.

New on the Market Dec 5-11, 2022

AddressTypePriceBedroomsBathSquare Ft
2424 Greentree RdDetached$729,00032.51944

Pending Dec 5-11, 2022

AddressTypePriceBedroomsBathsSquare FeetDOM
38 Cervanes CirCondo$244,50021.591231
5 Goya StDetached$680,00042.5258639
1310 Lee StDetached$719,90032234491
1261 Wells StDetached$1,550,00043.543168
13017 Knaus RdDetached$1,738,00043.64690148
13258 Amber PlDetached$1,799,90044.5373554
732 Ellis AveDetached$2,195,00042.53482101

Sold/Closed Dec 5-11, 2022

AddressTypeList PriceClosed PriceSquare FtCDOM
3 PericlesDetached$725,000$725,00026172
6450 Frost StDetached$775,000$787,00022163
5045 Greensborough CtDetached$899,900$835,0002107112
1454 Glenmorrie DrDetached$1,350,000$1,350,00033457
5996 Suncreek DrDetached$1,450,000$1,445,00035960
285 Berwick RdDetached$1,950,000$1,950,00025603

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.

November Numbers- Portland Real Estate Stats + LO

This is our monthly look at the overall Portland area and neighborhoods including Lake Oswego broken out below:

Overview/Fluctuations ~ November Market Data:

Inventory continues to increase and prices remain somewhat stable with many areas/neighborhoods of Portland rising from the previous month & some lowering a bit. Actual activity dropping in New Listings, Accepted Offers (Pendings) & Closed Sales from both the previous month (seasonal) & last year (likely adjusting for interest rate fluctuations).

“Real Estate remains the #1 asset class as a protection against inflation.” Brian Buffini

Rates: “Rates have been improving with inflation pressures easing. Right now 30-year fixed rates are in the low 6% range.” Gary Boyer, Regional VP, Directors Mortgage          

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

  • There were 1,666 New Listings in Nov 2022 down 25.3% from 2,229 in Nov 2021 and down 33.7% from the previous month/Oct’s 2,513.
  • At 1,621 Nov 2022’s Closed Sales (Solds) are down 42.8% from Nov 2021’s 2,832, and down 17.1% from the previous month/Oct 2022’s total of 1,955.
  • At 1,498 Nov 2022’s Pending Sales (accepted Offers) are down 43.7% from Nov 2021’s 2,660, and also down 18.4% from the previous month/Oct’s total of 1,835.
  • The Average Sale Price in November 2022 of, $584,600 is up $9,000 from last year/Nov 2021’s $575,600, and down $7,400 from the previous month/Oct’s $592,000.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in November 2022 of $525,900 is up $8,100 over last year/Nov 2021’s $517,800, and down $11,100 from the previous month’s $537,000.

LAKE OSWEGO (November 2022):

173 Active Listings (Oct 177)
73 New Listings  (Oct 101)
48 Pending Sales (Oct 93)
69 Closed Sales  (Oct 96)
Average Sale Price for Nov: $1,003,400 (Oct $933,800)
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.
42 Days on the Market   (Oct 38)

Market Activity ~ Nov 28-Dec 4, 2022

Last week lake Oswego had 2 properties enter the market, 1 move to Pending status and 12 Sold/Closed. Right now there are 103 properties available ranging in price from $260,000 to $7,650,000.

Here is the breakdown according to RMLS:

NEW Nov 28-Dec 4, 2022

AddressList PriceBedsBathsSFProp Type
757 C AVE$1,499,900432948DETACHD
548 4TH ST$1,535,00034.13186ATTACHD

PENDING Nov 28-Dec 4, 2022

AddressList PriceProp TypeSFBedsBathsDays
7200 CHILDS RD$975,000DETACHD29884415

SOLD Nov 28-Dec 4, 2022

AddressOpeningClosedBedsBathsSFProp TypeDays
4 TOUCHSTONE #147$200,000$150,00032.11351CONDO0
4 TOUCHSTONEn #105$210,000$210,00022984CONDO3
112 OSWEGO SMT /Upper$325,000$315,000221212CONDO13
4 SUMMIT RIDGE CT$499,900$440,00022.11576ATTACHD93
6426 FROST ST$699,900$675,000432276DETACHD17
6136 FERNBROOK CIR$759,000$759,000321448DETACHD5
17608 SYDNI CT$799,900$775,00042.12466ATTACHD126
18706 BRYANT RD$789,900$780,00032.12489DETACHD6
314 2ND ST$850,000$890,00033.11814CONDO9
5550 JEAN RD$1,790,000$1,450,00044.13001DETACHD107
548 4TH ST$1,535,000$1,535,00034.13186ATTACHD0
17312 BERGIS FARM DR$1,920,000$1,827,50044.24804DETACHD0

Market Activity November 21-27, 2022

Last week in Lake Oswego we had 3 new listings, one of which sold fast and is represented here as a pending sale, 5 properties move to pending status, and 7 sold/closed homes.

See below for RMLS data.

New on the Market November 21-27, 2022

AddressTypePriceBedroomsBathsSq Feet
5857 Carman DrDetached$575,00021972
1125 C AveDetached$1,499,000432574

Pending November 21-27, 2022

AddressTypePriceBedroomsBathsSq FeetDOM
44 Eagle Crest Dr #41Condo$274,9502190814
11 Summit Ridge CtAttached$435,00022.5157660
17050 Tualatin StDetached$749,0003319051
1451 Greentree CircleDetached$950,00043.523286
13248 Rogers RdDetached$1,125,00053.53107118

Sold/Closed November 21-27, 2022

AddressTypeList PriceSold PriceSq FeetCDOM
246 Ridgeway Rd 17BCondo$344,000$351,3007536
236 Ridgeway Rd 16ACondo$360,000$353,0009144
1728 Boca Ratan DrAttached$509,000$601,00014852
72 TouchstoneDetached$929,900$865,000390828
4051 Virginia WayDetached$999,000$1,020,000190349
5677 Charles CircleDetached$1,225,000$1,165,000296297
707 Lake Shore RdDetached$2,950,000$2,600,0002992112

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.

Market Activity ~ Nov 14-20, 2022

Last week in Lake Oswego 11 properties entered the market, 10 move to Pending status, and 11 Closed/Sold. Right now there are 120 properties available ranging from $220,000 to 11.5 mil.

Here is the breakdown according to RMLS:

NEW Nov 14-20, 2022

AddressList Price# Beds# BathsSFProp Type
4 TOUCHSTONE #147$200,00032.11351CONDO
86 KINGSGATE RD, G102$295,00022849CONDO
1273 BOCA RATAN DR$450,000321398ATTACHD
15960 SW LAKE FOREST BLVD$624,900311080DETACHD
3 PERICLES$725,00042.12617DETACHD
6450 FROST ST$775,00042.12216DETACHD
17850 PILKINGTON RD$875,00032.13084DETACHD
1451 GREENTREE CIR$950,00043.12328DETACHD
4050 VIRGINIA WAY$999,000321344DETACHD
765 10TH ST$1,225,000332526DETACHD
19494 Lorna LN$4,189,00044.24806DETACHD

PENDING Nov 14-20, 2022

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
4 TOUCHSTONE #147$200,00032.11351CONDO0
86 CERVANTES CIR #10-B$230,00021.2912CONDO48
112 OSWEGO SMT/Upper$325,000221212CONDO13
1273 BOCA RATAN DR$450,000321398ATTACHD3
4226 WOODSIDE CIR$535,000321578ATTACHD45
3 PERICLES$725,00042.12617DETACHD2
6450 FROST ST$775,00042.12216DETACHD3
5677 CHARLES CIR$1,225,00042.12962DETACHD97
13371 ATWATER LN$1,899,000434795DETACHD27
16885 FERNWOOD DR$2,149,00043.13753DETACHD43

SOLD Nov 14-20, 2022

AddressOpeningClosed# Beds# BathsTotal SFProp TypeCDOM
17552 DEEMAR WAY$475,000$535,00031.11050DETACHD4
15235 BOONES WAY$624,900$625,000321686ATTACHD5
1105 HALLINAN CIR$724,900$699,000321612DETACHD16
2 CREEKSIDE TER$849,900$849,90042.12906DETACHD7
12 WALKING WOODS DR$749,950$850,000332224DETACHD2
860 LAKE FOREST DR$998,000$864,00052.12025DETACHD78
14400 TRILLIUM CT$839,000$900,00042.13193DETACHD4
625 3RD ST$1,050,000$1,090,00032.12645ATTACHD4
13218 DEERFIELD CT$1,100,000$1,160,00042.12860DETACHD5
13504 STREAMSIDE DR$1,279,000$1,265,00042.13486DETACHD94
3940 CANAL RD$1,500,000$1,500,00043.13983DETACHD2
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) .

Market Activity November 7-13, 2022

We are officially in the “holiday” season. The market has dramatically slowed down with just 6 new listings in Lake Oswego last week. 2 of those listings sold quickly and in this report appear as pending sales. We had 5 properties go pending, and 7 sold/closed properties.

See below for RMLS data.

New on the Market November 7-13, 2022

AddressTypePriceBedroomsBathsSq Feet
44 Eagle Crest Dr #41Condo$274,95021908
219 Cervantes #219Condo$325,000221100
3855 Rivers Edge DrDetached$1,450,000433101
310 Chandler PlDetached$2,995,00043.53866

Pending Sales November 7-13, 2022

AddressTypePriceBedroomsBathsSq FeetDOM
4 Touchstone #105Condo$210,000229843
201 CertantesCondo$325,00021.5124732
16678 Inverurie RdAttached$810,0004226661
643 4th StDetached$925,0002214533
3056 Wembley Park RdDetached$1,350,00042.526115

Sold/Closed November 7-13, 2022

AddressTypeList PriceSold PriceSq FeetCDOM
6 Cervantes CircleCondo$255,000$248,00091214
18150 Bryant RdDetached$750,000$770,000146811
4673 Lakeview BlvdDetached$895,000$899,00020294
5524 Koderra AveDetached$1,275,000$1,170,0002957113
1685 Fernwood DrDetached$1,425,000$1,400,00025924
1098 Chandler RdDetached$3,995,000$3,800,000400332
12790 S Fielding RdDetached$4,995,000$4,900,0009124432

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.