Snowy temperatures have given way to 40 degrees and lots of rain. I kinda miss more snow, but I’m grateful for the rain. We need it to stay lush and green this spring and summer.
Market activity last week in Lake Oswego felt more normal than the week before. We had 16 properties come onto the market, 18 properties that went into pending status, and 8 sold/closed homes. What I am watching as we head into the spring market are those pending sales. Strong pending sales, which I think of as being near the same number as new listings, were well balanced.
Following is the breakdown for you according to RMLS:
New on the Market (Feb 4-10, 2019)
| Address | Type | Price | BR | Baths | Sq Ft |
| 100 Kerr Parkway #46 | Condo | $166,500 | 1 | 1 | 617 |
| 10 Oswego Summit | Condo | $169,900 | 1 | 1 | 764 |
| 47 Eagle Crest Dr #3 | Condo | $207,000 | 2 | 1 | 932 |
| 343 5th St #2 | Condo | $250,000 | 2 | 1 | 910 |
| 1349 Bonniebrae Dr | Townhouse | $329,500 | 3 | 1.5 | 1311 |
| 1589 Boca Ratan Dr | Townhouse | $378,500 | 3 | 2 | 1611 |
| 210 S State St #2 | Condo | $395,000 | 2 | 1.5 | 1715 |
| 4765 Firwood Rd | Detached | $474,000 | 3 | 2 | 1716 |
| 875 Lake Forest Dr | Detached | $499,500 | 2 | 1 | 979 |
| 3830 Tempest Dr | Detached | $599,900 | 3 | 2.5 | 3099 |
| 515 Atwater Rd | Detached | $637,625 | 3 | 2.5 | 2746 |
| 13388 Auburn Ct | Townhouse | $649,500 | 3 | 2.5 | 2492 |
| 13581 Rogers Rd | Detached | $1,099,950 | 4 | 2.5 | 2971 |
| 520 C Ave | Attached | $1,238,000 | 3 | 4 | 3242 |
| 3096 Wembley Park Rd | Detached | $1,575,000 | 5 | 4 | 4165 |
| 16470 Phantom Bluff Ct | Detached | $2,699,900 | 4 | 4.5 | 4975 |
Pending Sales (Feb 4-10, 2019)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 121 Oswego Summit | Condo | $185,000 | 1 | 1 | 764 | 52 |
| 200 Burnham Rd #103 | Condo | $218,000 | 1 | 1 | 800 | 35 |
| 5225 Jean Rd #513 | Condo | $299,000 | 3 | 2 | 1400 | 156 |
| 293 Cervantes | Townhouse | $335,000 | 3 | 2.5 | 1384 | 77 |
| 48 Eagle Crest Dr 5B | Condo | $349,000 | 3 | 2 | 1550 | 17 |
| 16200 Pacific Hwy #26 | Condo | $410,000 | 2 | 2 | 1190 | 78 |
| 3283 Duncan Dr | Detached | $575,000 | 4 | 3 | 2915 | 6 |
| 1 Preakness Ct | Detached | $585,000 | 4 | 3 | 2373 | 4 |
| 838 Ash St | Detached | $599,000 | 4 | 1.5 | 2741 | 199 |
| 1010 Upper Devon Ln | Detached | $649,000 | 4 | 2.5 | 3068 | 144 |
| 5474 Bay Creek Dr | Detached | $649,900 | 4 | 2.5 | 2322 | 15 |
| 3943 Tempest Dr | Detached | $749,900 | 4 | 2.5 | 3714 | 4 |
| 2120 Ridgewood Rd | Detached | $779,000 | 4 | 2 | 2382 | 5 |
| 8 Yorick St | Detached | $799,900 | 5 | 3 | 3451 | 131 |
| 18048 Eastridge Ln | Detached | $999,900 | 4 | 3.5 | 4336 | 426 |
| 1451 Horseshoe Curve | Detached | $1,198,000 | 3 | 2 | 2062 | 13 |
| 1122 Bayberry Rd | Detached | $1,498,000 | 5 | 3 | 3259 | 19 |
| 3130 Douglas Circle | Detached | $1,595,000 | 4 | 3.5 | 4063 | 189 |
Sold/Closed (Feb 4-10, 2019)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 237 Cervantes | Condo | $215,000 | $187,000 | 1216 | 185 |
| 48 Crestfield Ct #48 | Condo | $223,800 | $215,000 | 921 | 17 |
| 16224 Lake Forest Blvd | Detached | $429,900 | $429,900 | 1300 | 10 |
| 17043 Crestview Dr | Detached | $539,500 | $484,000 | 2302 | 78 |
| 975 Lund St | Detached | $579,900 | $501,700 | 2300 | 106 |
| 127 Condolea Dr | Condo | $529,000 | $539,000 | 2273 | 4 |
| 936 Evergreen Rd | Detached | $1,975,000 | $1,975,000 | 3772 | 6 |
| 3300 Upper Dr | Detached | $2,000,000 | $2,000,000 | 2200 | 5 |
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.
There are so many reasons to choose to live in Lake Oswego, not the least of which is the quality of amenities offered here in this little hamlet outside of Portland, Oregon. A small-ish community can often lack the cultural and foodie resources found in a larger city, but here in Lake Oswego, we got lucky. Lake Oswego has the Lake Theater & Cafe for movies & live music events, as well as the Lake Oswego Center for the Arts which is a 2-stage venue for plays & musicals. Right across the street from that is George Rogers Park which hosts various festivals and concerts all summer long, along with Foothills Park, Westlake Park, Movie Nights and Farmers Markets in Millennium Park Plaza… on & on. Then there are the myriad restaurants & shops found off of State Street as well as Boones Ferry Road (kind of the two “main drags” of Lake Oswego). Lake Oswego does not want for places to obtain delicious food & wine, fancy or practical clothing, gifts…well, you get the idea. There are abundant resources in Lake Oswego for a cozy bedroom community.
The holidays are all around us now!