Market Activity ~ Dec 16-22, 2024

Amid the holiday bustle last week, Lake Owego saw 5 properties enter the market (New), 11 Offers accepted (Pending) and 11 that Sold/Closed. Right now there are 155 lovely homes available ranging from $190,000 to $8,800,000.

By the way… Dianne and I are never too busy for our Property Blotter readers! At any time of year.

Here is the breakdown:

NEW Dec 16-22, 2024

AddressList PriceBedsBathsSFProp Type
16250 Pacific Hwy #78$345,000$221305CONDO
3433 MCNARY PKWY #505$375,000$22.11608CONDO
18521 Don Lee WAY$599,000$32994DETACHD
120 KINGSGATE RD$715,000$32.11699DETACHD
17700 UPPER CHERRY LN$5,500,000$56.17189DETACHD

PENDING Dec 16-22, 2024

AddressList PriceBedsBathsSFProp TypeDays
100 KERR PKWY #54$169,900$11617CONDO188
47 EAGLE CREST DR #48$220,000$11696CONDO10
82 OSWEGO / Upper$269,900$221212CONDO5
46 CRESTFIELD CT / Upper$309,900$21923CONDO156
3433 MCNARY PKWY #805$344,000$22.11136CONDO96
18521 Don Lee WAY$599,000$32994DETACHD3
120 KINGSGATE RD$715,000$32.11699DETACHD3
4694 WINTHROP CT$1,050,000$42.12250DETACHD7
1525 MAPLE ST$1,500,000$33.12796DETACHD4
17010 CHAPIN WAY$1,545,000$43.14032DETACHD43
17341 WESTVIEW DR$1,898,000$43.13647DETACHD314

SOLD Dec 16-22, 2024

AddressOpeningClosedBedsBathsSFProp TypeDays
123 OSWEGO SUMMIT / Upper$285,000$279,000$221212CONDO131
4 TOUCHSTONE #77$365,000$307,500$32.11351CONDO179
4 TOUCHSTONE DR #147$349,950$321,000$32.11351CONDO81
3926 CARMAN DR$390,000$375,000$22.11259CONDO223
1 WALKING WOODS DR$500,000$480,900$32.12264DETACHD8
18538 HALLBERG CT$575,000$535,000$31870DETACHD29
1830 CLOVERLEAF RD$1,327,500$1,095,000$32.11879DETACHD125
15112 QUARRY RD$1,950,000$1,620,000$64.13953DETACHD138
2165 RIDGE POINTE DR$2,189,000$1,953,017$544749DETACHD115
1960 MAPLELEAF RD$2,450,000$2,145,000$55.14099DETACHD678
4375 SOUTHSHORE BLVD$10,500,000$10,500,000$55.16147DETACHD9

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) .

A Very Special House

I don’t know about you, but one of my favorite activities at this time of year is driving around looking at the lights on houses. There are a few neighborhoods that are especially festive: Westlake, Palisades, really, most of LO. But there is a house that is really amazing. The owner’s go all out.

Officially known as Todd and MIchelle’s Winter Wonderland, it is located at 19242 Indian Springs: on the corner of Indian Springs and Child’s Rd.

There’s plenty of parking and the owners love it when people take the time to get out of their cars and really look at all of the displays. I don’t think that there is a square foot of house or yard that isn’t covered with lights and decorations.

Christmas is the main event, but these home owners also do stunning displays for Halloween and Easter. It’s really fun to make the drive over and take it all in.

Happy holidays,

Dianne

Market Activity Dec 9-15, 2024

Real estate activity last week was pretty strong. Here we are, 2 weeks before Christmas, and 7 houses were listed for sale. One of those sold quickly and appears in this report as a pending sale. 12 houses moved to pending status and 13 properties closed escrow and officially sold. That feels like pretty strong activity for this time of year.

See below for RMLS data.

New Listings Dec 9-15, 2024

AddressTypePriceBedroomsBathsSq Feet
47 Eagle Crest Dr #48Condo$220,00011696
5062 Foothills Dr ACondo$410,00011.51252
1674 Fircrest DrDetached$839,900421998
1951 Greentree RdDetached$1,199,000332449
2160 Crest DrDetached$1,295,000422690
720 Kenola CtDetached$1,495,00033.53727

Pending Sales Dec 9-15, 2024

AddressTypePriceBedroomsBathsSq FeetDOM
100 Kerr Pkwy #40Condo$250,00021.58233
4047 Jefferson PkwyAttached$359,90032.512592
3962 Carman DrCondo$380,00022.51129156
5050 Lower DrDetached$699,00032.5127831
5722 Fernbrook WayDetached$699,00032158039
1621 Larch StDetached$745,00042.5304060
1560 Cherry Crest AveDetached$789,00032.5180853
580 8th StDetached$1,495,00033178888
19177 Hill Top RdDetached$1,799,90053.55168138
3096 Wembley Park RdDetached$2,200,00054416588
1720 Fernwood DrDetached$2,249,900443853172
3876 Lake Grove AveDetached$2,395,00053.54205211

Sold Closed Dec 9-15, 2024

AddressTypeList PriceSold PriceSq FeetCDOM
29 Oswego SummitCondo$209,000$209,00066949
16250 Pacific Hwy #71Condo$299,000$258,8001305543
4 Touchstone #126Condo$272,900$268,9009840
25 Crestfield CtCondo$314,900$289,90099542
146 OswegoCondo$327,000$309,9001212212
16200 Pacific Hwy #2Condo$525,000$500,000119054
5320 Chinook CtDetached$575,000$560,000100897
5132 Timbergrove StDetached$610,000$612,00014392
4582 Trillium WoodsAttached$849,900$790,000192725
1327 Cedar StDetached$964,900$790,00019275
17644 Tree Top LnDetached$1,250,000$1,056,0004240123
14186 Kimberly CirDetached$1,150,000$1,100,000322635
2800 Wembley Park RdDetached$2,600,000$2,971,45745380

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

Portland Area Nov 2024 Stats + LO

Here is your breakdown from the previous month, November, 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.

The Holiday are here and while things naturally slow down a bit, there is plenty going on! Little has changed in the most active price ranges being pursued, and West Portland seems to be the winner so far in overall Price/Value. Inventory rose slightly, and we’re waiting on news from the Fed this week to see if they lower rates.

Rates: “Rates are now hovering around the 6.0% to 5.999% range, depending on score and down payment.  The markets are expecting the Fed to cut the Fed Funds Discount Rate by another .25% at this week’s meeting.” Gretchen Russell, Senior Mortgage Consultant, Two Rivers Mortgage

According to the RMLS Market Action Report for the Portland Metro Area November 2024:

  • There were 1,459 New Listings in November which decreased 20.2% from the 1,828 in Nov 2023  and down 36.1% from the 2,283 in the previous month/Oct.
  • At 1,681 Nov 2024’s Closed Sales (Solds) are up 25.1% from Nov 2023’s 1,344 and down 14.9% from the previous month’s total of 1,975.
  • At 1,582 Nov 2024’s Pending Sales (Accepted Offers) are up 9.8% from Nov 2023’s 1,441, and decreased 21.6% from the previous month/Oct’s total of 2,018.
  • The Average Sale Price for November 2024 of, $615,700 is up$19,600. from last year/Nov $596,100, and up $11,500 from the p­­revious month/Oct’s $604,200. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in Nov 2024 of $535,000 is up by $7,400 from Nov 2023’s $527,600, and down $5,000 from Oct’s $540,000.    

LAKE OSWEGO: (Month of November ’24)

253 Active Listings (Oct 305)
63 New Listings  (Oct 108)
72 Pending Sales (Oct 90)
79 Closed Sales  (Oct 93)
Average Sale Price for Nov$1,044,400 (Oct $1,103,400)
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.
79 Days on the Market   (Oct 67)

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

Market Activity ~ Dec 2-8, 2024

Hello Property Blotter Readers! Well, there’s a chill in the air & holiday season is in full swing, but when housing is an issue, that doesn’t stop anyone. Last week Lake Owego saw 9 properties enter the market (New), 13 Offers accepted (Pending) and 10 that Sold/Closed. Right now there are 167 lovely homes available ranging from $190,000 to $8,800,000.

Here is the breakdown:

NEW Dec 2-8, 2024

AddressList PriceBedsBathsSFProp Type
47 EAGLE CREST DR #42$295,00021932CONDO
302 LAUREL ST$799,000321988DETACHD
5759 WASHINGTON CT$1,195,00042.12343DETACHD
1202 Cedar ST$1,575,00033.12748DETACHD
3485 UPPER DR$1,575,00042.13334DETACHD
1214 Cedar ST$1,695,00043.13193DETACHD
13636 GOODALL RD$2,588,00044.14497DETACHD
1870 EGAN WAY$3,695,00044.14644DETACHD
693 TERRACE DR$3,850,00043.13297DETACHD

PENDING Dec 2-8, 2024

AddressList PriceBedsBathsSFProp TypeDays
154 Oswego Summit #22$299,900221506CONDO139
317 CERVANTES / Grnd$359,000221209CONDO85
3926 CARMAN DR$390,00022.11259CONDO223
5058 FOOTHILLS DR, F$414,800221370CONDO51
1349 BONNIEBRAE DR$479,00031.11303ATTACHD33
1 WALKING WOODS DR$500,00032.12264DETACHD8
1819 BOCA RATAN DR$589,900321583ATTACHD58
16643 SW ROOSEVELT AVE$650,000422222DETACHD44
17802 HILLSIDE WAY$929,00042.13004DETACHD190
1830 CLOVERLEAF RD$1,160,00032.11879DETACHD125
5759 WASHINGTON CT$1,195,00042.12343DETACHD3
17522 BRYANT RD$1,795,000443616DETACHD57
553 6TH ST$2,325,00043.13605DETACHD36

SOLD Dec 2-8, 2024

AddressOpeningClosedBedsBathsSFProp TypeDays
4 Touchstone #110$270,000$275,00022989CONDO6
4055 JEFFERSON PKWY$379,900$329,00022.11210CONDO46
2818 POPLAR WAY$650,000$562,000311056DETACHD268
6238 McEwan RD$595,000$595,000311170DETACHD23
10 GREENRIDGE CT$630,000$615,000222063ATTACHD55
4737 Lakeview BLVD$949,000$926,00042.12673DETACHD50
111 LADD ST$1,250,000$1,139,00032.12303DETACHD46
16610 WOODSMAN CT$1,475,000$1,300,000433462DETACHD112
5464 SOUTHWOOD DR$1,450,000$1,425,000533687DETACHD16
3159 DOUGLAS CIR$1,850,000$1,765,00064.14571DETACHD190

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) .

Toy Drive and Giving Options

All year around, less fortunate people need help from the community. I think of that Everclear song “I will buy you a new life” with the lyrics about a welfare Christmas. This is just a really rough time of year to be down on your luck. Because of this, there are some terrific community opportunities to make someone’s holidays just a bit brighter.

Annual Toy Drive

The Lake Oswego Fire Department is accepting new, unwrapped toys. Toys can be dropped off until December 11th at the main fire station (300 B Ave) or at the library (706 4th St). The toys are then distributed by the Tualatin Valley Elks Lodge.

Warm Clothing Drive

New coats, hats, gloves, and socks can be dropped off at the Adult Community Center (505 G Ave) or at the main fire station or the library until December 10th. They will be distributed by Bethlehem House of Bread in Tigard to local families.

Fleece

Organized by the City’s Youth Action Council, yards of new fleece are being collected to make blankets for the Clackamas Children’s Center. The fabric can be dropped off until December 10th at the Adult Community Center, the Library, or the Teen Lounge (1060 Chandler Rd). Donations need to be made by December 10th.

I am going to call out the obvious, these deadlines are right around the corner and timing is tight. If you miss a deadline, I have one more suggestion. This one is available year around.

Hunger Fighters Oregon

Located at 4 Monroe Parkway, Suite A, this non profit feeds those who are experiencing food insecurity in our community. Non-perishable food can literally be dropped of 24/7, 365 days of the year. They have a decent sized cupboard at the front entry that is secure from the weather. At this time of year, people come in hoping to find items to make a holiday meal. Think about what you prepare for your holiday meal. Is there a recipe that has ingredients that can be donated? I think of things like green bean casserole, canned ham, stuffing mix, a pie crust and pie filling. There are just so many foods that we enjoy at this time of year. If you want to donate a perishable item, that is also possible. You need to donate during hours that the pantry is open. Check their website for details by clicking here.

Thank you for helping those in need this holiday season.

Dianne

Market Activity Nov 25-Dec 1, 2024

Last week, being Thanksgiving week, the market was a bit slow. But even with that National holiday, the real estate market moved right along. In Lake Oswego last week there were 2 new listings, 8 properties that accepted contracts and went pending, and 8 that closed/sold.

See below for RMLS data.

New Listings Nov 25-Dec 1, 2024

AddressTypePriceBedroomsBathsSq Feet
44 Eagle Crest Dr #13Condo$299,000321085
18 Nansen SummitDetached$2,990,00054.55429

Pending Sales Nov 25-Dec 1, 2024

AddressTypePriceBedroomsBathsSq FeetDOM
100 Kerr Pkwy #54Condo$169,90011617167
4 Touchstone #117Condo$269,0002298485
123 Oswego SummitCondo$279,000221212131
4 Touchstone Dr 3147Condo$330,00032.5135181
5061 Foothills Dr BCondo$419,00022107726
1803 Boca Ratan DrAttached$650,00032.5178018
1571 Bay View LnDetached$1,199,00032.52854106
688 6th StDetached$2,335,00042.5293922

Sold/Closed Nov 25-Dec 1, 2024

AddressTypeList PriceSold PriceSq FeetCDOM
1277 Hallinan CircleDetached$649,100$610,00012426
4261 Country Woods CtDetached$725,000$708,000160818
23 Tanglewood DrDetached$849,900$785,000252252
1471 Greentree CirDetached$1,015,000$867,000212891
6080 Burma RdDetached$1,400,000$940,0002134107
3351 Fir Ridge RdDetached$2,395,000$1,750,0004265209
2121 Wembley Park RdDetached$2,999,900$2,599,9005025334
17575 Crestline DrDetached$3,975,000$3,750,000724085

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.

Happy Thanksgiving!!

From Dianne and I and our families to yours, we wish you a warm and satisfying celebration with your Loved ones. We all have so much to be thankful for… We’ll start: Dianne and I are thankful for you!

Enjoy.

~ Happy Thanksgiving ~

Market Activity ~ Nov 18-24, 2024

Last week as we’re all getting ready for Thanksgiving festivities, there were also homes being Sold and being placed on the market! A total of 5 properties entered the market, 9 moved to Pending status, and 13 Closed/Sold. Right now there are 190 properties available ranging from $169,900 to $8,800,000.

Here is the breakdown:

NEW Nov 18-24, 2024

AddressList PriceBedsBathsSFProp Type
5053 FOOTHILLS DR, C$395,000$321252CONDO
1 WALKING WOODS DR$500,000$32.12264DETACHD
2820 DELLWOOD DR$825,000$322446DETACHD
1463 GREENTREE CIR$899,900$42.12048DETACHD
8 PIMLICO TER$995,000$533120DETACHD

PENDING Nov 18-24, 2024

AddressList PriceBedsBathsSFProp TypeDays
16643 SW ROOSEVELT AVE$650,000$422222DETACHD25
84 KINGSGATE RD$689,900$32.11701DETACHD121
4582 TRILLIUM WOODS$799,000$32.11927ATTACHD25
2820 DELLWOOD DR$825,000$322446DETACHD1
53 TOUCHSTONE$910,000$42.12779DETACHD226
15112 QUARRY RD$1,695,000$64.13953DETACHD138
1228 MAPLE ST$2,097,000$43.13505DETACHD601
1960 MAPLELEAF RD$2,145,000$55.14099DETACHD678
4375 SOUTHSHORE BLVD$10,500,000$55.16147DETACHD9

SOLD Nov 18-24, 2024

AddressOpeningClosedBedsBathsProp TypeSFDays
141 Oswego Summit / Upper$275,000$260,000$22CONDO1140207
512 S STATE ST #512$325,000$297,925$11CONDO82920
6313 ALYSSA TER$500,000$494,000$32.1ATTACHD153458
360 CERVANTES CIR$245,000$557,600$21CONDO8327
5325 OAKRIDGE RD$550,000$660,050$42DETACHD12015
6336 FROST ST$795,000$770,000$43DETACHD22007
4912 Hampton CT$799,950$785,000$32.1DETACHD20393
19 CHURCHILL DOWNS$925,000$885,000$43DETACHD217534
16904 GREENTREE AVE$920,000$885,000$43DETACHD335658
5754 CHARLES CIR$950,000$940,000$32.1DETACHD26046
14260 UPLANDS DR$1,595,000$1,570,000$43DETACHD29242
2366 PALISADES CREST DR$1,650,000$1,650,00043DETACHD34228
2065 LILLI LN$1,750,000$1,750,00063.1DETACHD445775
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) .

60th Annual Holiday Tree Lighting

November 29th, 3-7pm, Millennium Plaza will be the location for the 60th annual holiday tree lighting festival.

Activities include photos with Santa, Timberview Farm Reindeer, sweet trees, music, caroling, and over 40 vendors. The lighting of the Millennium Tree will happen at 5:30.

It’s a great way to kick off the season!