Property Blotter

February 3, 2024

Lake Oswego Adult Community Center

One of the really terrific resources available in Lake Oswego is the Adult Community Center. Located at 505 G Avenue, it’s another great reason to live in LO.

There is just a huge variety of activities and services that the center provides. This post will highlight a portion of what is offered. For more information and details click here.

Let’s start with Congregate Lunch and Lunch to Go. Monday, Wednesday and Friday a hot and nourishing lunch is served at 11:30. There is a suggested donation of $4. You can eat at the center and enjoy the company of others, or you can take it to go. On those same days meals are also delivered thru Meals on Wheels.

Within the center you can participate in an assortment of programs.

There are several discussion groups. Current topics are Sports, Media and Culture of the 1960’s, Modern Day Ethics and Society (that would be really interesting!), and Preparing for the Next Chapter Life after 60.

They offer caregiver support for people caring for aging people who have mild to moderate memory loss. This allows the caregiver to drop off the person that they care for and have a couple of hours of respite.

They also offer classes. Here are some current topics:

Grieving the loss of a pet

Preparing your home for aging

Ways to empower yourself in health care

Fraud prevention

The second Friday of each month they offer The Senior Law Project. This is a program where seniors can get a free 30-minute consultation with an attorney

Then there are the trips.

They offer the ability to go grocery shopping twice a month. They offer Let’s Do Lunch. This is super easy and does not require a lot of mobility. Basically a group of folks go to local restaurants and have lunch together. Requiring a bit more mobility are day trips. These are usually to local museums and points of interest. This requires some light walking. Then there are overnight trips. What fun to share an adventure a little farther away! This does require walking and greater mobility.

Did I mention that there is actually a trip coming up that is a tour of local venues to taste pastries? That sounds delightful.

There’s a Movie Matinee program, a Bowling Buddies Club, and trips to Spirit Mountain Casino.

In my own life, my Mom had post-polio syndrome. Resulting from having had polio as a young woman, it was a progressive disorder that affected her mobility. She mostly used a walker in her later years, but occasionally we’d make plans where I knew that much more walking would be required. The day before our planned outing I’d stop by the LO Adult Community Center and check out a wheelchair. My recollection was that I could keep if for a day or two and there was no charge. It was a great help!

This is just a tidbit of all that is available at the center. What a great resource!

Dianne

February 1, 2024February 1, 2024

Market Activity Jan 22-28, 2024

Last week in Lake Oswego there were 6 new listings. One sold very fast and appears in this report as a pending sale. There were 13 properties that accepted offers and went into pending status. There were 6 properties that finalized the purchase and are now sold/closed.

See below for RMLS data.

New on the Market Jan 22-28, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet
750 1st St C-16	Condo	$395,000	2	2	1350
121 Touchstone Ter	Attached	$560,000	3	2.5	1964
3485 Devonshire Dr	Attached	$624,950	3	2	1556
3814 Rivers Edge Dr	Detached	$1,000,000	4	2.5	3213
668 McVey Ave #50	Condo	$1,295,000	1	1	636

Pending Jan 22-28, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
45 Eagle Crest Dr #122	Condo	$315,000	3	2	1348	8
14362 Sherbrook Pl	Attached	$475,000	2	1.5	1279	106
16184 Lake Forest Blvd	Detached	$510,000	3	1	1342	8
100 Leonard St 2-4	Condo	$550,000	2	2	1736	236
7 Peacock Pl	Detached	$579,000	3	2.5	1388	104
5733 Kimball Ct	Detached	$659,000	4	2	1346	159
12 Independence Ave	Detached	$839,500	4	4	2994	53
4690 Auburn Ln	Attached	$885,000	3	3.5	2750	76
4255 Chad Dr	Detached	$1,250,000	4	3.5	3853	15
4039 Canal Woods Ct	Detached	$1,450,000	4	3.5	4178	14
950 Terrace Dr	Detached	$1,950,000	4	3.5	4619	21
4394 Lords Ln	Detached	$1,975,000	4	3.5	3905	1
17132 Lowenberg Ter	Detached	$2,050,000	4	4.5+.5	3322	61

Closed/Sold Jan 22-28, 2024

Address	Type	List Price	Sold Price	Sq Feet	CDOM
16237 Lake Forest Blvd	Detached	$525,000	$525,000	1132	8
1621 Ash St	Detached	$699,900	$705,000	1887	3
369 5th St	Detached	$825,000	$750,000	1552	52
17903 Ridge Lake Dr	Detached	$854,999	$836,000	2540	72
4360 Westbay Rd	Detached	$1,274,000	$1,190,000	2636	66
670 1st St	Condo	$1,515,000	$1,392,400	2767	133

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.

January 28, 2024January 28, 2024

This Week in Lake Oswego

Happy Lunar New Year!

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

Mon, Jan 29, 2024 – 6:00-8:00 PM ~ Diversity, Equity and Inclusion Advisory Board Meeting (Last Monday every month)- Learn how you can be involved in this dynamic community activity. ***Via Zoom*** MORE INFO HERE

Tues, Jan 30, 2024 – 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, Jan 31, 2023 – 1:00-4:00 PM ~ Creative Hands ~ This group of volunteers meets to work with donated materials, creating useful items for the community ~ ACC, 505 G Avenue Lake Oswego ~ More Info : CLICK HERE

Thurs, Feb 1, 2023 – 9:00 AM – 1:00 PM ~ Indoor Playground! ~Bring your little ones 4 yrs old and under to play indoors where it’s warm & dry…& fun! ~ CCP / Cummins Hall, 1060 Chandler Road – More Info: CLICK HERE

Fri, Feb 2, 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. ~ Lake Oswego Public Library, 706 Fourth St ~ More Info: CLICK HERE

Sat, Feb 3, 2023 – 1:00-4:00 PM – Lunar New Year Festival!~ Come celebrate the Year of the Dragon with stories, songs, poetry, dance performances, red envelope-folding, dumpling-making lessons & more! ~ Lake Oswego Public Library, 706 Fourth St ~ More Info: CLICK HERE

January 27, 2024January 27, 2024

Market Activity ~ Jan 15-21, 2024

Last week we saw sparse activity largely attributable to the challenging weather & frozen roads inhibiting travel. Even so, however, 4 homes entered the market, 3 moved to Pending status, and 4 Closed/Sold. Two of the three Pending sales were on the market a very short period of time, one of them 4 days appearing as both New and Pending in this same report…so people are out looking for and buying homes regardless of the weather!

Here is the breakdown according to RMLS:

NEW Jan 15-21, 2024

Address	List Price	Beds	Baths	SF	Prop Type
4000 CARMAN DR #91	$295,000	$1	1	767	CONDO
45 EAGLE CREST DR #122	$315,000	$3	2	1348	CONDO
3804 BOTTICELLI ST	$330,000	$2	1.1	1132	CONDO
16184 LAKE FOREST BLVD	$510,000	$3	1	1342	DETACHD

PENDING Jan 15-21, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
4000 CARMAN DR #91	$295,000	$1	1	767	CONDO	3
4 SW TOUCHSTONE DR #135	$345,000	$3	2.1	1303	CONDO	15
2255 GLEN HAVEN RD	$859,000	$3	3	2814	DETACHD	206

SOLD Jan 15-21, 2024

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
11 OSWEGO #11	$332,800	$311,000	$2	2	1241	CONDO	2
4089 JEFFERSON PKWY	$445,000	$389,900	$2	2.1	1361	CONDO	446
16211 INVERURIE RD	$699,900	$725,000	$3	2.1	1819	DETACHD	26
2320 GLEN HAVEN RD	$2,169,900	$2,119,900	$3	4	3875	DETACHD	140

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) .

January 21, 2024January 21, 2024

Be Prepared

We don’t get severe weather very often. Generally, winter in Lake Oswego is mostly rainy with mild temperatures in the 40s. However, it is also pretty common that for a few days each winter we will get temperatures low enough to bring us snow and ice. Last week was one of those occasions. It was severe enough that the mayor of Lake Oswego declared a state of emergency. The unique factor was the snow and ice were accompanied by high winds. This brought down trees and tree limbs. And this led to power outages throughout the Portland metro area. At my house we lost power for 5 days. So here are a few of my take aways about being prepared and what to expect.

It may be cold.

If you can, install a generator. They come in different sizes. Small ones to just power your furnace and large ones for the entire house.

You can purchase indoor-rated propane heaters. This is what we used at my house. Make sure that they are indoor rated! With two heaters going we kept our kitchen at about 55 degrees.

Wear layers. Hats and gloves may feel goofy indoors, but they help a lot.

Drip your faucets. Just a small drip at each faucet can keep your pipes from freezing. Bursting pipes don’t have to be round two of coping with a cold snap if you take precautions.

If you haven’t lost power, you still need to take care of your pipes. Particularly if they are located in exterior walls. Consider leaving cupboard doors open so that the interior of the cupboards are well heated.

Buy things ahead of the weather event. Propane was a rare commodity and the stores around Lake Oswego were completely sold out. My son, who lives in Hillsboro, where they didn’t loose power, brought us propane that he purchased in that part of town. So stock up on things you’ll need before they are sold out: propane, candles, and batteries.

Take care of your trees

Hire an arborist to examine the trees in your yard. If you are considering buying a house, think about adding an arborist to your home inspection. Then do what they recommend. My husband and I have done this in our yard. It has paid for itself many times over. We just don’t have limbs and trees coming down. It’s not a 100% guarantee, but it has been money well spent in our household.

The bottom line is that these weather events happen. Be prepared and make it as smooth as possible. The heat will come back on and the yard will get cleaned up. And don’t forget to enjoy the winter wonderland!

Dianne

January 19, 2024

Market Activity Jan 8-14, 2024

My first market activity report of the new year. Love it!

Last week in Lake Oswego there were 7 new listings, one of which sold quickly and appears in this report as a pending sale. There were 10 properties that accepted offers and moved to pending status, and there were 5 closed sales.

See below for RMLS data.

New Listings Jan 8-14, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet
200 Burnham Rd #209	Condo	$412,000	2	2	1305
5554 Royal Oaks Dr	Detached	$850,000	3	2	1861
5995 Shakespeare St	Detached	$929,950	3	3	2600
4039 Canal Woods Ct	Detached	$1,450,000	4	3.5	4178
2711 Greentree Rd	Detached	$1,749,000	5	3.5	3315
17660 Wayside Ln	Detached	$2,600,000	5	5.5	5975

Pending Sales Jan 8-14, 2024

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
1221 Boca Ratan Dr	Attached	$499,000	3	2.5	1812	78
51 Oriole Ln	Detached	$589,000	3	2	1216	99
16724 Roosevelt	Detached	$599,000	3	1.5	1270	3
369 5th St	Detached	$825,000	2	1	1552	52
21 Hidalgo St	Detached	$990,000	4	3	3392	78
29 Del Prado St	Detached	$1,050,000	4	2	3037	3
3857 Carman Dr	Detached	$1,095,000	3	2.5	2531	37
5320 Childs Rd	Detached	$2,100,000	6	3	4765	29
2320 Glen Haven Rd	Detached	$2,119,900	3	4	3875	10
4200 Old Gate Rd	Detached	$2,675,000	5	4.5	4871	9

Sold/Closed Jan 8-14, 2024

Address	Type	List Price	Closed Price	Sq Feet	CDOM
2031 Bonniebrae Dr	Attached	$555,000	$460,000	1611	119
12844 Boones Ferry Rd #117	Condo	$489,000	$475,000	1191	76
5453 Willow Ct	Attached	$762,000	$740,000	2446	91
1724 Oak St	Detached	$900,000	$878,000	2189	17
2348 Overlook Dr	Detached	$1,025,000	$900,000	2567	130

January 14, 2024January 14, 2024

2023 In Review ~ Stats for Portland Area + LO

It’s that time of year when our numbers have come in for the previous 12 months and we get to compare. I try to give a comprehensive look at the various areas or “Neighborhoods” (see Neighborhood Report graph below) that make up the Portland Metro area which includes Lake Oswego and breaks out our monthly comparison for LO also at the bottom. Here is the way it ended up!

Overview/Fluctuations ~ December 2023 – YEAR END Market Data:

It’s been an interesting and atypical year in real estate overall. What we can see is that the market seems to be stabilizing with Inventory on it’s way to normalizing and prices stabilizing somewhat, ie still up over last year, while down seasonally from the month prior. We’ve seen a decreasing trend in Activity since the beginning of the Fed’s rate-hiking spree in Fall of 2022, and/but that seems to be turning around now based on 2024’s start and coinciding with the Fed backing off and anticipated/stated continuance of that. All in all, the experts are predicting a flourishing 2024 real estate market, and that’s what we’re seeing on the ground in Portland, OR.

As for Lake Oswego: Lake Oswego is the standout that continues to see healthy appreciation through thick & thin!

Rates: “Despite volatility with inflation numbers, rates are holding under 7% and looking great!” Gary Boyer, Regional VP, Directors Mortgage

The twelve months of 2023 compared to 2022: New Listings, (29,689) decreased 18.%. Pending Sales (21,363) decreased 20.4%, and Closed Sales (20,941) decreased 25.2%. By Comparison, Twelve months of 2022 as compared to 2021 from last year’s December Report: New Listings, (36,210) decreased 10.7%. Pending Sales (26,852) decreased 24.2%, and Closed Sales (27,985) decreased 20.5%.

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

There were 1,026 New Listings in December which is down 4.4% from 1,073 in Dec 2022 and down 43.9% from the 1,828 in the previous month/November.
At 1,330 Dec 2023’s Closed Sales (Solds) are down 9.2% from Dec 2022’s 1,464, and decreased 1.0% from the previous month’s total of 1,344.
At 1,309 Dec 2023’s Pending Sales (Accepted Offers) are up 8.5% from Dec 2022’s 1,206, and down 9.2% from the previous month/November’s total of 1,441.
The Average Sale Price for Dec 2023 of, $586,800 is up$20,100. from last year/Dec 2022’s $566,700, and dropped $9,300 from the previous month/Nov’s $596,100.
The “Median Sale Price (the price smack dab in the middle of all sales) in Dec 2023 of $525,000 is up $17,500 from Dec 2022’s $507,500, & dropped $2,600 from Nov’s $527,600.

LAKE OSWEGO: (Month of Dec ’23)

171 Active Listings (Nov 199)
45 New Listings (Nov 75)
46 Pending Sales (Nov 73)
60 Closed Sales (Nov 81)
Average Sale Price for Dec: $1,095,500 (Nov $1,068,800,500)
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.
71 Days on the Market (Nov 68)

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

January 12, 2024January 12, 2024

Market Activity ~ Jan 1-7, 2024

The first week of 2024 in Lake Oswego saw 7 New properties enter the market, 8 move to accepted Offer/Pending status, and 2 Closed/Sold. Right now there are 107 homes available in Lake Oswego ranging from $199,900 to $11,500,000.

Here is the breakdown according to RMLS:

NEW Jan 1-7, 2024

Address	List Price	Beds	Baths	SF	Prop Type
100 KERR PKWY #32	$199,900	$1	1	617	CONDO
4 TOUCHSTONE #68	$275,000	$2	2	984	CONDO
4 SW TOUCHSTONE DR #135	$345,000	$3	2.1	1303	CONDO
16724 ROOSEVELT AVE	$599,000	$3	1.1	1270	DETACHD
12123 ORCHARD HILL WAY	$874,900	$4	2.1	2841	DETACHD
950 TERRACE DR	$1,950,000	$4	3.1	4619	DETACHD
1515 CHERRY LN	$2,675,000	$5	5.1	5719	DETACHD

PENDING Jan 1-7, 2024

Address	List Price	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE #68	$275,000	$2	2	984	CONDO	3
18017 TUALATA AVE	$595,500	$3	2	1124	DETACHD	18
14232 KIMBERLY CIR	$1,250,000	$4	3	3672	DETACHD	84
322 2ND ST	$1,250,000	$3	3.1	1974	ATTACHD	68
670 1ST ST	$1,399,900	$3	2.1	2767	CONDO	133
17104 CANAL CIR	$1,895,000	$4	3.1	3473	DETACHD	325
12790 S FIELDING RD	$4,990,000	$6	7.1	9124	DETACHD	143
4745 DOGWOOD DR	AUCTION	$4	4	3920	DETACHD	43

SOLD Jan 1-7, 2024

Address	Opening	Closed	Beds	Baths	Prop Type	SF	Days
1720 FERNWOOD DR	$579,000	$667,500	$3	2	DETACHD	1560	5
4740 LAMONT CT	$825,000	$794,900	$3	2	DETACHD	1776	52

January 6, 2024January 5, 2024

Metro Area Snapshot

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.

January 5, 2024

Market Activity Dec 25-31, 2023

I think last week, the week between Christmas and New Year’s, is probably the slowest week of the year for real estate activity. Yet, real estate still happens. In Lake Oswego there were 2 new listings, one of which sold quickly, and appears in this report as a pending sale. There were 3 pending sales, and, impressively, there were 10 closed sales.

The reason that real estate still happens, even on the slowest week of the year, is because life still happens. People get married, get new jobs, have babies, life goes on. There is literally no time of the year that isn’t a good time to buy a house or to sell a house.

See below for RMLS data.

New Listings Dec 25-31, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
4 Touchstone #143	Condo	$270,000	3	2.5	1350

Pending Sales Dec 25-31, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
1621 Ash St	Detached	$699,900	3	2	1887	3
2348 Overlook Dr	Detached	$963,000	5	3	2567	83
4360 Westbay Rd	Detached	$1,245,000	4	3	2636	30

Sold/Closed Dec 25-31, 2023

Address	Type	List Price	Closed Price	Sq Feet	CDOM
86 Kingsgate Rd #22	Condo	$335,000	$299,500	924	125
4621 Lakeview Blvd C3	Condo	$329,900	$331,500	1178	12
141 Touchstone Ct	Attached	$589,000	$575,000	2066	90
16240 Parker Rd	Detached	$679,000	$650,000	1454	269
5270 Red Leaf Rd	Detached	$700,000	$670,000	1330	47
6050 Childs Rd	Detached	$900,000	$850,000	2129	17
18368 Tamaway Dr	Detached	$1,150,000	$1,130,000	3741	40
3324 Sabina Ct	Detached	$1,250,000	$1,212,500	2550	7
4974 Cascara Ln	Detached	$1,285,000	$1,285,000	3476	2
5309 Denton Dr	Detached	$1,620,000	$1,465,000	3626	26