Shop Local and Support Local Artists

The Arts Council of Lake Oswego has set up a holiday market place where you will find beautiful arts and crafts for sale. Ceramics, jewelry, ornaments, cards, candles, soaps, textiles and more can be found at the ARTspace, 380 A Avenue, Suite A. Hours are Tuesday thru Friday from 10 to 5.

There are 28 artists participating, with 2 featured artists. Janl Pahl does encaustic paintings that capture the beauty of the natural world. LeBrie Rich is a felt artist. She has created felting kits that make it easy for anyone to explore the art of felting.

The Holiday Market Place runs through December 23rd.

Another option is participating in the Holiday Savings Pass. Sponsored by the Lake Oswego and West Linn Business Recovery Center and the local Chambers, the Wander Willamette’s mobile BE LOCAL Holiday Savings Pass can be picked up at www.wanderwillamette.com/holidaypass. Simply check in and start enjoying savings at local businesses.

What a great way to support the local community by spending your holiday dollars right in your own neighborhood.

As always, thank you for reading the blotter.

Dianne

Market Activity Nov 27-Dec 3, 2023

I’m going to start this market activity report with some good news. According to the Mortgage Bankers Association, home purchase mortgage applications have gone up 35% in recent weeks. That’s a huge jump and unusual for this time of year.

Here on a local level, last week in Lake Oswego there were 4 new listings, 7 properties that moved to pending status, and 17 sold/closed sales. Something tells me that there are moving trucks arriving in LO this week with holiday trees tied to their roofs.

See below for RMLS data.

New on the Market Nov 27-Dec 3, 2023

AddressTypePriceBedroomsBathsSq Feet
4 Touchstone #106Condo$259,00022984
4 Touchstone #119Condo$318,90032.51351
3433 McNary Pkwy #108Condo$391,900321344
12 Independence AveDetached$839,500442994

Pending Nove 27-Dec 3, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
4621 Lakeview Blvd C3Condo$329,90022117812
159 Oswego SummitCondo$350,000221506218
12844 Boonesferry Rd #117Condo$475,00022.5119176
5270 Red Leaf StDetached$675,00032133047
5222 Rosewood StDetached$800,00032.52414113
4845 Upper DrDetached$1,249,00053287950
55309 Denton DrDetached$1,620,00043.5362626

Sold/Closed Nov 27-Dec 3, 2023

AddressTypeList PriceClosed PriceSq FeetCDOM
96 Oswego SummitCondo$219,900$240,0009646
4093 Jefferson PkwyCondo$460,000$410,000140348
21019 Bonniebrae DrAttached$525,000$510,000153918
4510 Lower Dr B1Condo$555,000$515,000172942
668 McVey Ave #57Condo$625,000$515,500992242
1206 Cedar StDetached$775,000$725,000142615
1600 Woodland TerDetached$779,000$780,00016993
5311 Childs RdDetached$849,500$795,0001929124
13851 Verte CtDetached$939,000$925,000292515
10 Sherwood CtDetached$949,000$949,00032892
7 Grouse TerDetached$935,000$1,050,00025163
14584 Pfeifer WayDetached$1,250,000$1,176,000264714
1050 Atwater RdDetached$1,375,000$1,350,00030520
3600 Upper DrDetached$1,999,950$1,850,0003771195
541 6th StDetached$2,400,000$2,400,00035590
13799 Atwater LnDetached$3,995,000$3,800,0004700102
128 Northshore CirDetached$4,695,000$4,000,0003501148

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.

Real Estate at the Holidays

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!

Market Activity ~ Nov 20-26, 2023

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

AddressList PriceBedsBathsSFProp Type
4 TOUCHSTONE #128$250,000$32.11350CONDO
11 OSWEGO #11$332,800$221241CONDO
1724 OAK ST$870,000$322689DETACHD
18521 WAXWING CIR$1,250,000$42.12936DETACHD
4355 HAVEN ST$1,999,900$44.13211DETACHD
17132 LOWENBERG TER$2,100,000$44.23322DETACHD
4745 DOGWOOD DRAUCTION$443920DETACHD

PENDING Nov 20-26, 2023

AddressList PriceBedsBathsSFProp TypeDays
45 EAGLE CREST DR #402$219,900$11768CONDO71
86 KINGSGATE RD / Upper$298,000$22849CONDO100
141 TOUCHSTONE CT$589,000$32.12066ATTACHD90
16240 PARKER RD$679,000$321454DETACHD269
13990 SHIREVA CT$789,000$321702DETACHD19
369 5TH ST$825,000$211552DETACHD4
6050 CHILDS RD$900,000$31.12129DETACHD17
18368 TAMAWAY DR$1,150,000$433741DETACHD40

SOLD Nov 20-26, 2023

AddressOpeningClosedBedsBathsSFProp TypeDays
51 GREENRIDGE CT$475,000$453,457$221348ATTACHD30
12884 BOONES FERRY RD$475,000$472,500$22.11210CONDO3
12802 BOONES FERRY RD$479,900$479,900$32.11182CONDO87
1228 CEDAR ST$625,000$610,000$321302DETACHD95
34 CHURCHILL DOWNS$824,000$725,000$432080DETACHD56
3460 LAKE GROVE AVE$1,498,000$1,450,000$321673DETACHD49
2275 GLEN HAVEN RD$2,349,900$2,234,900$444109DETACHD2
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 Nov 13-19, 2023

Last week in Lake Oswego we had 4 new listings, one of which sold quickly and appears in this report as a pending sale. We had 11 properties move to pending status, and 15 closed sales.

Yes, this time of year is slower as compared to the spring and summer, but real estate still happens. This is because life still happens. Babies are born and people need a larger house. Job changes happen and people need to relocate. So if you are in a situation where you need to make a move now, please reach out to Linda or to myself. We’d love to help you.

See below for RMLS data.

New on the Market Nov 13-19, 2023

AddressTypePriceBedroomsBathsSq Feet
4621 Lakeview BlvdCondo$329,900221178
529 8th StDetached$2,400,00043.53569
4965 Park Bluff PlDetached$2,595,00054.54568

Pending Nov 13-19, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
86 Kingsgate Rd #22Condo$299,50022924125
5053 Foothills Dr ACondo$445,00032125219
2019 Bonniebrae DrAttached$525,00032153918
16131 Lindsay CtDetached$680,00042.5183228
1525 Ivy CtDetached$739,00042.52163116
5311 Childs RdDetached$819,50042.51929124
1 Creekside TerrDetached$1,095,00054423042
4904 Parkhill StDetached$1,195,00042.534337
17393 Grandview CtDetached$1,275,00043.537724
4974 Cascara LnDetached$1,285,00042.534762
3232 Lakeview BlvdDetached$6,000,00045.58170424

Sold/Closed Nov 13-19, 2023

AddressTypeList PriceSold PriceSq FeetCDOM
3433 McNary Pkwy #601Condo$325,000$325,000128520
480 S State StCondo$480,000$370,0001659185
5225 Jean Rd 307Condo$425,000$420,0001100185
15930 Waluga DrDetached$599,900$570,000104022
16266 Parker RdDetached$849,900$698,000201494
12 Morningview LnAttached$815,000$765,000273051
2400 Park RdDetached$875,000$850,000196232
17144 Warren CtDetached$999,000$950,00028046
14210 Amberwood CircleDetached$1,200,000$1,145,000339130
17292 Cedar RdDetached$1,400,000$1,400,000140079
17787 Crestline DrDetached$1,495,000$1,491,37533623
18499 Old River DrDetached$1,749,000$1,543,9504217130
504 8th StDetached$1,675,000$1,665,00028585
19777 Sycamore AveDetached$3,499,000$2,250,0004432110
1101 Crestline CtDetached$3,299,000$3,135,000722952

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.

Happiest of Thanksgivings to You

Thanksgiving is, for me, hands down my favorite holiday. It’s so simple. Friends, family, and pausing to give thanks for the bounty that is our lives. Not overly commercialized. Not about “stuff”, but about the basics of what is really important in life.

Linda and I want to wish many blessings upon you and your family this Thanksgiving. Enjoy the turkey, the stuffing, and the pumpkin pie. But, mostly, enjoy your family and your friends. Happiest of Thanksgiving to you and yours.

Dianne

Portland Metro Neighborhood Stats + LO

Overview/Fluctuations ~ October 2023 Market Data:                                                                                                               

Here is your monthly look at what’s happening in Portland metro and how it relates to Lake Oswego (broken out at the bottom)

As we gear up for the holidays, activity is seasonally lower. But the most interesting thing for me to note is that the market seems to be stabilizing. I looked at last year’s October report, and prices were *much* more volatile at that time. Right now there is not so much fluctuation in price, and Inventory is continuing to rest at around 3 month’s worth. Overall activity is down a bit from last year in October.

Rates: “Great news this week showing inflation is continuing to slow. The Fed should be done raising rates! Look for more good news ahead.”        Gary Boyer, Regional VP, Directors Mortgage

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

  • There were 2,207 New Listings in October which is down 12.2% from 2,513 in Oct 2022 and  down 18.7% from the 2,713 in the previous month/September.
  • At 1,670 Oc­t 2023’s Closed Sales (Solds) are down 14.6% from Oct 2022’s 1,955, and decreased 2.7% from the previous month’s total of 1,717.
  • At 1,625 Oct 2023’s Pending Sales (Accepted Offers) are down 11.4% from Oct 2022’s 1,835, and also down 10.2% from the previous month/September’s total of 1,809.
  • The Average Sale Price for Sept 2023 of, $592,700 is up a whole $2,700. from last year/Oct 2022’s $592,000, and down $3,200 from the p­­revious month/Sept’s $595,900. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in Oct 2023 of $525,000 dropped $12,000 from Oct 2022’s $537,000, & is down $12,400 from Sept’s $537,400.

LAKE OSWEGO: (Oct ’23)

248 Active Listings (Sep 279)
98 New Listings  (Sep 137)
85 Pending Sales (Sep 98)
85 Closed Sales  (Sep 75)
Average Sale Price for Sept: $954,500 (Sep $1,076,000)
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.
47 Days on the Market   (Sep 51)

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

Market Activity ~ Nov 6-12, 2023

Last week there were 6 properties entering the market, 12 with accepted Offers moving to Pending status and 11 Sold/Closed. Right now there are 141 properties available in Lake Oswego ranging from $219,900 to $11,500,000.

Here is the breakdown according to RMLS:

NEW Nov 6-12, 2023

AddressList PriceBedsBathsSFProp Type
4690 AUBURN LN$900,000$33.12750ATTACHD
6050 CHILDS RD$900,000$31.12129DETACHD
4904 PARKHILL ST$1,195,000$42.13433DETACHD
17393 GRANDVIEW CT$1,275,000$43.13772DETACHD
1885 CREST DR$1,429,900$332391DETACHD
2800 WEMBLEY PARK RD$2,600,000$44.14538DETACHD

PENDING Nov 6-12, 2023

AddressList PriceBedsBathsSFProp TypeDays
45 EAGLE CREST DR #506$189,900$11600CONDO44
96 OSWEGO SUMMIT /Lower$219,900$11964CONDO6
12884 BOONES FERRY RD$475,000$22.11210CONDO3
4510 LOWER DR B1$545,000$32.11729CONDO42
6 THE GROTTO$560,000$321381DETACHD197
5330 CARMAN GROVE LN$995,000$32.12493DETACHD43
1177 C AVE$999,000$321957DETACHD34
2020 WEMBLEY PARK RD$1,078,000$321712DETACHD369
14584 PFEIFER WAY$1,250,000$422647DETACHD14
17312 BERGIS FARM DR$1,999,000$44.24804DETACHD16
2248 SUMMIT CT$2,450,000$423024DETACHD10
2800 WEMBLEY PARK RD$2,600,00044.14538DETACHD0

SOLD Nov 6-12, 2023

AddressOpeningClosedBedsBathsSFProp TypeDays
100 KERR PKWY #42$237,500$216,000$21.1822CONDO59
248 RIDGEWAY RD /Upper$395,000$315,000$11753CONDO155
5737 WASHINGTON CT$669,000$664,000$31.11521DETACHD5
3620 WREN ST$1,189,000$900,000$43.13056DETACHD75
807 HOODVIEW LN$1,200,000$1,315,000$433931DETACHD5
18653 PILKINGTON RD$1,525,000$1,410,000$43.13196DETACHD64
1885 CREST DR$1,429,900$1,429,900$332391DETACHD0
13052 KNAUS RD$1,690,000$1,500,000$433026DETACHD8
915 CEDAR ST$1,695,000$1,630,000$43.13219DETACHD26
4247 LORDS LN$2,680,000$2,200,000$43.13840DETACHD102
1860 EGAN WAY$2,250,000$2,300,000$433687DETACHD5
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) .

The Season of Giving

There is a huge misconception about Lake Oswego. Yes, there are very affluent people and multi-million dollar homes, but there are also those on food stamps and living in homeless shelters (Lake Oswego has two). As a Girl Scout Troop Leader for about 12 years I met and interacted with a lot of families. I know first hand that people and families need help in this town. With the holidays fast approaching, this is a good time, if you are able, to do something kind for someone who is less fortunate. Lake Oswego has numerous ways that you can spread holiday cheer.

Family donating gifts and toys to charity for Christmas holiday

Fill a Stocking, Fill a Heart

Swing by either City Hall (380 A Ave) or the Adult Community Center (505 G Ave) and pick up a stocking. Then fill it with needed items and return it to City Hall by December 6th.

New/Coats/Hats/Gloves/Socks

Purchase and drop these items off at The Adult Community Center (505 G Ave), the LO Fire Station (300 B Ave), or the LO Library (706 Fourth St) by December 8th

Toy Drive

By December 15th drop off new, unwrapped, toys at the Fire Station (300 B Ave) or the LO Library (706 Fourth St)

Food Donations

All year you can drop off non-perishable food and essential hygiene items at the LO Library (706 Fourth St), the LO Fire Station (300 B Ave), or at Hunger Fighters of Oregon (4 Monroe Parkway).

Gift Cards

Gift cards to places like Fred Meyer, Target, Walmart, Amazon, Safeway, etc, can be dropped off at the LO Library (706 Fourth St), anytime between November 15th and December 10th. These gift cards will go to Clackamas County Women’s Services.

Food and Toy Drive, Drive-Thru Event

December 9th, 10am to noon, this event is hosted by The Rotary Club of Lake Oswego and the LO Fire Department. It will occur at the main fire station (300 B Ave). Food should be non-perishable. Toys should be new and unwrapped. Toy donations will be distributed throughout the local area, including in Lake Oswego, by the Tualatin Valley Elks Clubs. Food will go to Hunger Fighters of Oregon.

For me, while I love the holidays, this time of year becomes much more enjoyable when I participate in helping others. Even though the gift goes to someone else, it brings me joy. My gift to them is also a gift to me.

Thank you for reading the blotter.

Dianne

Market Activity Oct 30-Nov 5, 2023

There is always a burst of buying activity about a month before Christmas as people rush to get into their new home before the Holidays. That is certainly reflected is last week’s sales in Lake Oswego. 21 properties received accepted offers and went into pending status. That is about twice what we have been averaging this fall. There were also 11 new listings, 2 of which sold quickly and appear as pending properties in this report. Finishing the statistics, there were 15 closed sales. Those folks will be in their new homes by Thanksgiving.

See below for RMLS data.

New Listings Oct 30-Nov 5, 2023

AddressTypePriceBedroomsBathsSq Feet
96 Oswego SummitCondo$219,90011964
5053 Foothills Dr ACondo$445,000321252
26 Greenridge CtAttached$467,00032.51996
13990 Shireva CtDetached$789,000321702
875 Palisades Terrace DrDetached$929,500432181
322 2nd StAttached$1,250,00033.51974
5527 Childs RdAttached$1,399,900432982
1959 Wembley PlDetached$1,595,00043.52922
5309 Denton DrDetached$1,620,00043.53626

Pending Sales Oct 30-Nov 5, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
45 Eagle Crest Dr #208Condo$219,90022104614
248 Ridgeway RdCondo$345,00011753155
3672 Spring LnCondo$439,9002211178
51 Greenridge CtAttached$475,0002213487
12802 Boones Ferry RdCondo$479,90032.511828
58 Condolea TerrCondo$669,000332958111
31 Churchill DownsDetached$775,00064.5379447
1600 Woodland TerrDetached$779,0003216993
8 Hotspur StDetached$799,99932.5196654
2979 Dellwood DrDetached$850,000433216144
16020 Kimball StDetached$899,00053.5242642
7 Grouse TerrDetached$935,00032.525163
14210 Amberwood CirDetached$1,150,00043339130
915 Cedar StDetached$1,645,00043.5321926
21 D Ave #14Condo$2,046,80022.521980
1808 Ridge Pointe DrDetached$2,199,00043.54860129
2275 Glen Haven RdDetached$2,269,90044410987
19777 Sycamore AveDetached$2,595,00044.5+.54432110
1101 Crestline CtDetached$3,150,0004.5+.5722652
13799 Atwater LnDetached$3,995,00034470031
128 Northshore CirDetached$4,295,00043.5350146

Sold/Closed Oct 30-Nov 5, 2023

AddressTypeList PriceSold PriceSq FeetCDOM
54 Cervantes CirCondo$280,000$279,5009125
3433 McNary Pkwy #503Condo$318,000$318,00011342
207 Oswego SummitCondo$390,000$375,000149717
5225 Jean Rd #106Condo$400,000$405,000140029
4121 Hedge Nettle CtDetached$849,900$796,9992307111
15911 Fir Grove CtDetached$915,000$865,0002584172
14205 Edenberry DrDetached$1,150,000$1,005,000321916
63 Garibaldi StDetached$1,250,000$1,010,0004223112
1633 Maple StDetached$1,445,000$1,062,4223448194
233 E AveDetached$1,400,000$1,220,000115012
1125 Northshore RdDetached$1,495,000$1,250,000158932
5031 Laurel StDetached$1,549,000$1,349,0003169805
611 Ridgeway RdDetached$2,139,000$2,050,000484796
975 Englewood DrDetached$3,995,000$3,950,000598070
3648 Lakeview BlvdDetached$5,500,000$4,900,000400067

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.