Affordable homes Archives - Page 2 of 130

March 15, 2022March 15, 2022

Market Activity March 7-13, 2022

Last week in Lake Oswego there were 21 new listings, 15 that went into pending status, and 9 sold/closed properties.

Something that has frustrated me for a while is that when I pull the stats for this report many houses will have already moved into pending status, when, in fact, they were also new listings last week. I tried something different this week by taking an additional step to make sure they are included as new listings as well as pending. For this reason, you’ll see several properties that show up in both sections of this report.

See below for additional RMLS data.

New on the Market March 1-13, 2022

Address	Type	Price	BR	Baths	Sq Ft
45 Eagle Crest Dr #309	Condo	$259,900	2	2-Jan	1056
230 Laurel St	Detached	$661,900	3	2	1339
6025 Carman Dr	Detached	$699,900	3	2	1641
13700 Provencial Hill Dr	Detached	$725,000	4	2.5	2078
12729 SW 19th Ave	Detached	$799,000	4	3	2554
4870 Centerwood St	Detached	$839,900	4	2.5	2434
17348 Hunter Ct	Detached	$929,000	3	2.5	3112
5554 Luce Ln	Detached	$998,900	4	3	3269
1004 Cumberland Pl	Detached	$1,100,000	5	2	3313
12715 Adrian Ct	Detached	$1,150,000	4	2.5	3003
38 Briarwood Rd	Detached	$1,279,000	4	3	2552
26 Briarwood Rd	Detached	$1,279,000	4	3	2554
4030 Canal Woods Ct	Detached	$1,380,000	5	4	4103
2612 Rivendell Rd	Detached	$1,389,000	4	3	3521
1050 Schukart Ln	Detached	$1,399,000	4	3.5	5847
3938 Edens Edge Dr	Detached	$1,450,000	4	3.5	3880
21 D Ave #2	Condo	$1,718,400	2	2.5	2183
735 7th St	Detached	$1,725,000	3	3.5	3073
1949 Cheryl Ct	Detached	$1,750,000	$5	4.5+.5	5011
21 D Ave #12	Condo	$1,863,600	2	2.5	2177
3115 Wembley Park Rd	Detached	$2,000,000	4	3.5	3800

Pending Sales March 7-13, 2022

Address	Type	Price	BR	Baths	Sq Ft	CDOM
213 Cervantes	Condo	$329,000	2	1.5	1216	7
210 State St 37	Condo	$449,900	3	2	1302	32
4434 Thunder Vista Ln	Condo	$479,000	2	2.5	2040	4
27 Aquinas St	Detached	$559,900	3	2.5	1530	4
230 Laurel St	Detached	$661,900	3	2	1339	2
143 Church St	Detached	$700,000	2	1	1220	61
13700 Provincial Hill Dr	Detached	$725,000	4	2.5	2078	2
15562 Heritage Ct	Detached	$864,000	4	2.5	2338	5
23 Touchstone	Detached	$924,900	5	4	3169	7
554 Luce Ln	Detached	$998,900	4	3	3269	3
3778 Rivers Edge Dr	Detached	$1,150,000	4	3.5	3012	5
928 Lake Front Rd	Detached	$1,299,900	4	3	2468	6
3938 Edens Edge Dr	Detached	$1,450,000	4	3.5	3880	4
1001 Cedar St	Detached	$1,495,000	4	3.5	2572	14
21 D Ave #2	Condo	$1,718,400	2	2.5	2183	0

Sold/Closed March 7-13, 2022

Address	Type	List Price	Sold Price	Sq Feet	DOM
200 Burnham Rd #206	Condo	$359,000	$345,000	1199	62
3974 Carman Dr	Attached	$380,000	$380,000	1107	0
13991 Majestic Ct	Detached	$550,000	$600,000	1765	4
16940 Tracy Ave	Detached	$675,000	$624,000	1656	88
91 Tanglewood Dr	Detached	$799,900	$789,900	3111	21
14141 Goodall Rd	Detached	$784,900	$815,000	1939	2
18582 Bryant Rd	Detached	$799,900	$872,698	2579	2
19001 Redwing Way	Detached	$829,000	$876,500	2116	3
150 Iron Mountain Blvd	Detached	$1,100,000	$1,200,000	2868	3

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.

March 13, 2022September 11, 2022

Market Activity ~ Feb 28- Mar 6, 2022

Spring is sprung in the local market! Last week in Lake Oswego we saw 20 Properties enter the market, 20 move to Pending/Accepted Offer status and 15 Sold/Closed. There are 51 from 215,000 to 5.3 mil available in Lake Oswego right now.

NEW Feb 28-Mar 6, 2022

213 CERVANTES, Grnd	$329,000	2	1.1	1216	CONDO
15483 Brianne CT	$415,000	2	2.1	1208	ATTACHD
4061 JEFFERSON PKWY	$425,000	2	2.1	1462	CONDO
210 S STATE ST #7	$449,900	3	2	1302	CONDO
4434 THUNDER VISTA LN	$479,000	2	2.1	2040	CONDO
4200 OLD GATE RD	$550,000	3	1.1	1453	DETACHD
13991 MAJESTIC CT	$550,000	3	2	1765	DETACHD
27 AQUINAS ST	$599,900	3	2.1	1530	DETACHD
4 PREAKNESS CT	$650,000	3	2	1985	ATTACHD
5497 WILLOW CT	$775,000	3	2.1	2427	ATTACHD
14179 SUNDELEAF DR	$849,900	5	2	2617	DETACHD
15562 HERITAGE CT	$864,000	4	2.1	2338	DETACHD
86 TANGLEWOOD DR	$885,000	4	3	3192	DETACHD
23 TOUCHSTONE	$924,900	5	4	3169	DETACHD
3778 RIVERS EDGE DR	$1,150,000	4	3.1	3012	DETACHD
928 LAKE FRONT RD	$1,299,900	4	3	2468	DETACHD
3545 UPPER DR	$1,300,000	4	3.1	2742	DETACHD
1000 UPPER DEVON LN	$1,695,000	4	3.1	3535	DETACHD
21 D AVE #5	$1,808,400	2	2.1	2108	CONDO
13725 CAMEO CT	$2,450,000	5	4.1	4984	DETACHD

PENDING Feb 28-Mar 6, 2022

Address	List Price	# Beds	# Baths	Total SF	Prop Type	Days
4 TOUCHSTONE #101	$254,000	4	2.1	1456	CONDO	31
12 CERVANTES CIR	$260,000	2	1.1	912	CONDO	206
209 CERVANTES	$325,000	2	1.1	1216	CONDO	18
200 BURNHAM RD #208	$347,500	2	2	1320	CONDO	2
16250 PACIFIC HWY #44	$387,000	2	2	1305	CONDO	10
15483 Brianne CT	$415,000	2	2.1	1208	ATTACHD	2
20 SUMMIT RIDGE CT	$499,000	2	2.1	1704	CONDO	13
4200 OLD GATE RD	$550,000	3	1.1	1453	DETACHD	4
1625 MEADOWS DR	$750,000	4	2	1672	DETACHD	4
12962 KNAUS RD	$829,000	3	2.1	1952	DETACHD	268
14179 SUNDELEAF DR	$849,900	5	2	2617	DETACHD	3
86 TANGLEWOOD DR	$885,000	4	3	3192	DETACHD	4
353 3RD ST	$909,000	3	3.1	2044	ATTACHD	7
1805 GLENMORRIE TER	$1,075,000	3	2.1	2798	DETACHD	4
5959 SUNCREEK DR	$1,150,000	4	2.1	3315	DETACHD	5
2991 DELLWOOD DR	$1,289,000	4	2.2	4308	DETACHD	104
21 D AVE #12	$1,863,600	2	2.1	2177	CONDO	86
3817 UPPER DR	$2,350,000	5	3.1	4246	DETACHD	4
14655 UPLANDS DR	$3,300,000	5	5.2	4775	DETACHD	107
13041 KNAUS RD	$3,695,000	4	4.1	4924	DETACHD	91

SOLD Feb 28-Mar 6, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	DAYS
89 GALEN ST	$199,000	$225,000	1	1	552	CONDO	3
4647 LAKEVIEW BLVD, D1	$229,999	$250,000	1	1	753	CONDO	4
44 EAGLE CREST DR #39	$269,900	$269,900	2	1	1085	CONDO	0
44 EAGLE CREST DR #32	$250,000	$280,000	2	1	908	CONDO	3
86 KINGSGATE RD, H101	$349,000	$355,000	2	2	918	CONDO	4
5788 KIMBALL CT	$530,000	$590,000	4	1.1	1148	DETACHD	4
1720 KILKENNY DR	$699,900	$737,024	3	2.1	1348	DETACHD	53
18561 KRISTI WAY	$649,950	$750,000	3	2.1	1450	DETACHD	6
5207 COVENTRY CT	$759,698	$840,000	3	2	1858	DETACHD	3
6 GROUSE TER	$850,000	$1,000,000	3	3	3653	DETACHD	4
17095 WESTVIEW DR	$985,000	$1,052,000	4	3	3356	DETACHD	2
580 WEIDMAN CT	$1,100,000	$1,219,175	5	3.1	3952	DETACHD	5
3545 UPPER DR	$1,300,000	$1,400,000	4	3.1	2742	DETACHD	0
872 COUNTRY CMNS	$140,000	$1,428,000	4	2.1	2800	DETACHD	0
566 4TH ST	$1,549,000	$1,455,000	4	4.2	3376	ATTACHD	33

Criteria: (RMLS DATA) 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.

March 5, 2022March 5, 2022

Market Activity Feb 21-27, 2022

Last week in Lake Oswego there were 5 new listings, 22 properties that accepted offers and moved into pending status, and 14 closed/sold homes.

See below for RMLS data.

New listings Feb 21-27, 2022

Address	Type	Price	BR	Baths	Sq Ft
16250 Pacific Hwy #44	Condo	$387,000	2	2	1305
122 Touchstone Terr	Detached	$829,900	4	3.5	2348
353 3rd St	Attached	$909,000	3	3.5	2044
1001 Cedar St	Detached	$909,000	4	3.5	2572
21 D Ave #1	Condo	$2,530,800	2	3	2572

Pending sales Feb 21-27, 2022

Address	Type	Price	BR	Baths	Sq Ft	CDOM
4647 Lakeview Blvd D1	Condo	$229,999	1	1	753	1
47 Eagle Crest Dr #13	Condo	$259,000	2	1	932	5
19 Crestfield Ct	Condo	$310,000	2	1	921	3
209 Cervantes	Condo	$325,000	2	1.5	1216	9
5225 Jean Rd #309	Condo	$360,000	2	2	1100	20
3990 Carman Dr	Condo	$415,900	2	2.5	1098	21
34 Condolea Dr	Condo	$475,000	2	2	1420	17
9 Bloch Terr	Attached	$599,900	3	2.5	1946	7
959 Lee St	Detached	$670,000	3	2	2340	42
67 Condolea Terr	Condo	$675,000	3	3	2409	2
14141 Goodall Rd	Detached	$784,900	3	2.5	1939	2
16946 Lower Meadows Dr	Detached	$839,900	3	2.5	1769	3
4144 Sunset Dr	Detached	$950,000	3	2	2632	4
1150 Greentree Rd	Detached	$965,000	4	2.5	2703	5
14232 Meadow Grass St	Detached	$1,100,000	4	3	2894	4
150 Iron Mountain Blvd	Detached	$1,100,000	4	2.5	2868	3
2650 Overlook Dr	Detached	$1,250,000	4	2.5	3030	12
18002 Pilkington Rd	Detached	$1,599,000	4	3	3629	3
411 Ridgeway Rd	Detached	$1,725,000	3	2.5	3291	3
13348 Leslie Ct	Detached	$1,750,000	4	2.5	3863	1
16881 Canyon Dr	Detached	$2,799,000	5	4	3888	1
5185 Carman Dr	Detached	$3,650,000	3	2.5+.5	6500	360

Sold/Closed Feb 21-27, 2022

Address	Type	List Price	Sold Price	Sq Feet	DOM
45 Eagle Crest Dr #202	Condo	$215,000	$197,000	678	43
4632 Lower Dr B2	Condo	$320,000	$320,000	1170	29
19 Britton Ct	Attached	$535,000	$525,000	1394	5
4503 Black Forest Ct	Detached	$795,000	$840,000	2166	2
277 Evergreen Rd	Condo	$895,000	$902,000	1,950	2
13522 Provincial Hill Way	Detached	$899,000	$965,000	3244	1
14361 Sherbrook Pl	Detached	$899,000	$975,000	2100	2
17154 Loweberg Terr	Detached	$1,295,000	$1,285,000	3412	4
13888 Shireva Dr	Detached	$1,200,000	$1,310,000	3827	4
180 Iron Mountain Blvd	Detached	$1,595,000	$1,350,000	3378	124
589 7th St	Detached	$1,549,000	$1,590,000	3387	3
14711 Upland Dr	Detached	$1,695,000	$1,850,00	3327	3
13286 Goodall Rd	Detached	$2,495,000	$2,471,000	0
13648 Goodall Rd	Detached	$2,499,900	$2,475,000	5288	56

February 27, 2022March 6, 2022

This Week in Lake Oswego

Here are my picks for what to do this week in Lake Oswego, either online or in person:

Mon, Feb 28, 2022 – 5:30PM-9:00PM– 12 yrs & up.- Bob Ross Oil Painting: Tropical Sunset (Live Instruction) ~Easy in-person instruction for beginners and more experienced painters ~ CCP, 1060 Chandler Rd – More Info & Registration: CLICK HERE

Tues, March 1, 2022 – 4:30PM-6:30PM – 18yrs & up – Painting in Oils & Acrylic (Virtual Class )~Learn to paint! All materials provided for this virtual class – More Info & Registration: CLICK HERE

Wed, March 2, 2022 – 6:30PM-8:00PM – Chautaqua Historic Lecture Series (in-person or virtual)~ “ Kim Huey discusses the beginnings of Chautauqua and the Gladstone Chautauqua ~ Oswego Heritage House and Museum, 398 Tenth Street – or Zoom! – More Info & Registration: CLICK HERE

Thurs, March 3, 2022 – 9:15AM-10:30PMPM –Nia at Lakewood Drop-In ~ Series taught by Black Belt Nia Instructor Carol Kaplan at Lakewood Center on Tuesdays and Thursdays.- Lakewood Center for the Arts ~ 368 S State St – More Info & Registration Options: CLICK HERE

Fri, March 4, 2022 – 3:30-4:15PM – (3-5yrs) Toes & Tap! ~ Learn the basics of ballet and tap dancing in this fun environment using popular music. CCP, 1060 Chandler Rd More Info & Registration: CLICK HERE

Sat, March 5, 2022 – 11:00AM till Tickets gone! – Author C Pam Zhang Ticket Giveaway – This is a ticket-giveaway for the upcoming event with author C Pam Zhang who discusses How Much of These Hills Is Gold: A Reimagined History. Her presentation will wind up the Lake Oswego Reads 2022 program on Friday, April 29th at 7:00 p.m. at Lakeridge High School. Event is free to all library-cardholders, but a ticket is required- Lake Oswego Library, 706 4th St – More Info : CLICK HERE

Sun, March 6, 2022 – From Tuesday, March 1 – 10:00am Thursday, March 31 – All Open Hours – Global Art Project for Peace~ Participate with the Lake Oswego Library in the 2022 15th Biennial by visiting the children’s library to create an art piece expressing your vision of global peace and goodwill. Art supplies provided. You can also participate by creating art at home and bringing it to the library. ~ Lake Oswego Library (lower level), 706 4th St More Info : CLICK HERE

February 25, 2022September 11, 2022

Market Activity ~ Feb 14-20, 2022

Last week Lake Oswego had 5 properties enter the market, 14 move to Pending status, and 11 that Sold/Closed. Right now there are 53 properties available in Lake Oswego ranging from $214,000 to $5.3 mil.

Here is the breakdown according to RMLS:

NEW Feb 14-20, 2022

Address	List Price	Beds	Baths	SF	Prop Type
47 EAGLE CREST DR #16	$239,000	2	1	932	CONDO
209 CERVANTES, Lower	$325,000	2	1.1	1216	CONDO
20 SUMMIT RIDGE CT	$499,000	2	2.1	1704	CONDO
17897 SUNDOWN CT	$1,950,000	5	3	3755	DETACHD
3578 CARMAN DR	$2,200,000	5	3.1	4000	DETACHD

PENDING Feb 14-20, 2022

Address	List Price	Beds	Baths	SF	Prop Type	Days
44 EAGLE CREST DR #32	$250,000	2	1	908	CONDO	3
3101 MCNARY PKWY #8	$320,000	3	2	3064	CONDO	0
5309 SW WEST SUNSET DR	$599,900	4	2	1449	DETACHD	25
3 MOUNTAIN CIR	$675,000	3	2	1580	ATTACHD	4
12962 KNAUS RD	$829,000	3	2.1	1952	DETACHD	255
1770 HEADLEE LN	$879,000	2	3	2505	DETACHD	4
4 WESTMINSTER DR	$895,000	4	3	2258	DETACHD	6
2095 RIDGE POINTE DR	$1,085,000	3	2.1	3748	DETACHD	4
4719 LAKEVIEW BLVD	$1,499,000	4	3	2934	DETACHD	3
566 4TH ST	$1,549,000	4	4.2	3376	ATTACHD	33
17486 REDFERN AVE	$2,175,000	5	4	3632	DETACHD	4
5001 SW Park Bluff PL	$2,200,000	4	4	4022	DETACHD	32
15012 TWIN FIR RD	$2,599,000	5	3.1	3897	DETACHD	187
2812 LAKEVIEW BLVD	$3,399,900	3	3.1	3100	DETACHD	14

SOLD Feb 14-20, 2022

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY #38	$185,000	$185,000	1	1	628	CONDO	123
47 EAGLE CREST DR #36	$249,900	$275,000	2	1	932	CONDO	1
16250 PACIFIC HWY #45	$359,000	$345,000	2	2	1311	CONDO	45
5225 JEAN RD #501	$399,900	$455,000	3	2	1500	ATTACHD	3
4325 SILVER CT, Upper	$499,000	$485,000	3	2.1	1844	CONDO	49
1719 ASPEN CT	$590,000	$575,000	3	2	1444	DETACHD	49
351 3RD ST	$924,900	$951,000	3	3.1	2042	ATTACHD	3
837 OAK ST	$999,950	$1,100,000	3	2.1	2796	DETACHD	5
19 HIDALGO ST	$998,500	$1,150,000	4	3.1	4747	DETACHD	2
17908 BLUE HERON DR	$1,799,000	$1,775,000	3	4	4172	DETACHD	58
567 10TH ST	$1,785,000	$1,870,000	4	3.1	4706	DETACHD	85

February 18, 2022February 18, 2022

Radon and Granite Countertops

At Oregon First we have a gmail group called Haves and Wants. A recent discussion happened about the topic of radon and granite countertops.

Radon comes from granite. When you purchase a home, you should alway do a radon test to see if the radon levels in the house are higher than the EPA limit of 4.0 picocuries. (The World Health Organization recommends a level of not more than 2.7 picocuries.) Generally speaking the granite is in the form of boulders underneath the house, in the ground. You just don’t know whether the house is built over granite boulders or not, so you always test the radon levels.

So if radon comes from granite, what about granite countertops?

This subject came to my attention about 15 years ago. So I dialed up my favorite radon mitigation company and asked if I should be concerned. I was told that, generally speaking, the radon given off by granite countertops was not at a level high enough to be concerned.

Here is the offical EPA information. Click here.

White kitchen design features large bar style kitchen island with granite countertop illuminated by modern pendant lights. Northwest, USA

The bottom line is that you should be concerned about the possibility of radon in a house. Always get it measured. Even if you aren’t buying a house. If you live in a home where you have never measured it, get it measured. You can buy a do-it-yourself test at your local home improvement store, and there are numerous companies who perform this service. The cost to test is $60-$150. Cheap for the peace of mind. If radon is found, the cost to mitigate it is $1500-$3000, generally speaking. Again, cheap for the piece of mind.

I also think that when planning a remodel, don’t assume that just because it is available for purchase it has no issues. Do your research. There are alternatives to granite that are also gorgeous.

I hope that you find this useful. Thank you for reading the blotter.

Dianne

February 17, 2022February 17, 2022

Market Activity Feb 7-13, 2022

I once had a client who had statistically figured out the the prime weekend of the entire year to put your house on the market is the weekend following the super bowl. With 19 pending sales in Lake Oswego last week, that certainly feels like good advice. We also had 6 new listings and 10 properties that were closed sales.

See below for further RMLS data.

New on the Market Feb 7-13, 2022

Address	Type	Price	BR	Baths	Sq Ft
4 Touchstone Dr #150	Condo	$225,900	2	2	984
4631 Lakeview Blvd	Condo	$250,000	1	1	753
45 Eagle Crest Dr #513	Condo	$253,500	2	1.5	1056
48 Eagle Crest Dr 4A	Condo	$475,000	2	2	1489
668 McVey Ave #10	Condo	$540,000	3	1	992
16758 Graef Circle	Detached	$669,000	3	1	1295
5353 Lakeview Blvd	Attached	$1,119,000	4	3.5	2900
2650 Overlook Dr	Detached	$1,250,000	4	2.5	3030
21 D Ave GPH	Condo	$3,269,200	3	2.5	3399
807 Ellis ave	Detached	$3,600,000	4	4.5	4964

Pending Sales Feb 7-13, 2022

Address	Type	Price	BR	Baths	Sq Ft	CDOM
89 Galen St	Condo	$199,000	1	1	552	3
45 Eagle Crest Dr #312	Condo	$229,000	1	1	780	16
200 Burnham Rd #206	Condo	$349,000	2	1	1199	62
3974 Carman Dr	Attached	$380,000	2	2.5	1107	0
34 Condolea Dr	Condo	$475,000	2	2	1420	3
750 1st St E27	Condo	$479,900	2	2	1350	162
5062 Foothills Dr G	Condo	$485,000	2	2	1252	98
2806 SW Orchard Hill Pl	Detached	$649,000	3	2.5	2324	5
18561 Kristi Way	Detached	$649,950	3	2.5	1450	68
48 Hillshire Dr	Detached	$795,500	4	3	3034	5
93 Tanglewood Dr	Detached	$799,900	3	2.5+.5	3111	21
6 Grouse Ter	Detached	$850,000	3	3	3653	4
2777 Evergreen Rd	Condo	$895,000	3	3.5	1950	2
2719 Greentree Rd	Detached	$985,000	5	3.5	3886	5
14711 Uplands Dr	Detached	$1,695,000	4	4.5	3327	3
21 D Ave #13	Condo	$1,993,200	2	2.5	2304	8
21 D Ave #4	Condo	$2,067,000	2	2.5	2431	86
2305 Glen Haven Rd	Detached	$2,275,000	5	4	3632	82
1845 Highlands Loop	Detached	$2,995,000	4	3.5+.5	5306	3

Closed/Sold Feb 7-13, 2022

Address	Type	List Price	Sold Price	Sq Feet	DOM
4 Touchstone #94	Condo	$248,000	$238,000	1351	7
30 Crestfield Ct	Condo	$290,000	$300,000	989	1
16200 Pacific Hwy #9	Condo	$524,900	$500,000	1190	0
1118 St	Detached	$650,000	$650,000	1320	12
8 Da Vinci St	Detached	$779,000	$845,500	2,906	4
16538 Maple Circle	Detached	$1,550,000	$1,750,000	2854	4

February 11, 2022September 11, 2022

News & Notes ~ Jan 2022 Numbers

Here is your look at what’s been happening in the overall Portland area including individual areas of the metro, and with Lake Oswego broken out below:

Overview/Fluctuations ~ Market Data January 2022: Looking at the first month of 2022 as compared to the same month last year, New Listings have decreased 10.5%, Pending Sales have decreased 8.4% and Closed Sales increased 0.3%. Supply is still the biggest issue affecting the local market and remains at historic lows with less than a few week’s worth of inventory available.

The other factor is rates~ While they remain very low relatively speaking (for anyone who remembers how high they’ve been in the past) they’re hovering around 3.875% right now and all predictions are for several increases this year. This factor would be spurring more Buying activity than we currently see but for the lack of inventory. That said, it remains a given that savvy Buyers ought to be taking advantage of these rates now, and, generally speaking, would-be Sellers would be well advised to List now rather than wait till later.

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

There were 2,307 New Listings in Jan 2022 decreased 10.5% from Jan of 2021’s 2,579, and decreased a whopping 44.3% from the previous month/Dec’s 1,599.
At 1,853 Jan 2022’s Closed Sales are up 0.3% from Jan 2021’s 1,847, and down 28.2% from the previous month/Dec 2021’s total of 2,582
At 2,287 Jan 2022’s Pending Sales are down 8.4% from Jan 2021’s 2,496, and up 17.8% from the previous month/Dec 2021’s total of 1,942.
The Average Sale Price in Dec 2021 of $586,600 is up $71,900 from last year/Jan 2021’s $514,700, and up $3,700 from the previous month/Dec2021’s $582,900. YTD increase is 15.8%.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Jan 2022 of $512,000 rose from last year/Jan 2021’s $460,000 by $52,000, and also $1,000 from the previous month

LAKE OSWEGO:

61 Active Listings (Dec 63)
83 New Listings (Dec 71)
78 Pending Sales (Dec 82)
82 Closed Sales (Dec 134)
Average Sale Price for Jan: $1,054,400 (Dec $1,024,400)
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.
29 Days on the Market (Nov 36)

February 10, 2022September 11, 2022

Market Activity ~ Jan 31-Feb 6, 2022

This last week 5 Properties entered the market, 10 moved to Pending status, and 7 Closed/Sold. There are 48 homes available right now in Lake Oswego ranging from 215,000 to 5.2 mil.

Here is the latest:

NEW Jan 31-Feb 6, 2022

Address	List Price	Beds	Baths	Total SF	Prop Type
45 EAGLE CREST DR	$249,900	2	2	1046	CONDO
5225 JEAN RD	$360,000	2	2	1100	CONDO
3990 CARMAN DR	$415,900	2	2.1	1098	CONDO
13078 FIELDING RD	$3,150,000	4	3	3936	DETACHD
2812 LAKEVIEW BLVD	$3,399,900	3	3.1	3100	DETACH

PENDING Jan 31-Feb 6, 2022

Address	List Price	Beds	Baths	Total SF	Prop Type	Days
4 TOUCHSTONE #94	$248,000	3	2.1	1351	CONDO	7
47 EAGLE CREST DR #36	$249,900	2	1	932	CONDO	1
4 TOUCHSTONE #101	$268,000	4	2.1	1456	CONDO	8
86 KINGSGATE RD, H101	$349,000	2	2	918	CONDO	4
1720 KILKENNY DR	$685,000	3	2.1	1348	DETACHD	53
17763 MARDEE AVE	$741,900	5	3	2110	DETACHD	19
4503 BLACK FOREST CT	$795,000	4	2.1	2166	DETACHD	2
18582 BRYANT RD	$799,900	3	2.1	2579	DETACHD	2
19 HIDALGO ST	$998,500	4	3.1	4747	DETACHD	2
15508 DIAMOND HEAD RD	$3,480,000	3	4	3900	DETACHD	169

SOLD Jan 31-Feb 6, 2022

Address	Opening	Closed	Prop Type	SF	Beds	Baths	Days
6317 CARMAN DR	$ 650,000	$ 560,000	DETACHD	1344	3	1.1	78
52 NORTHVIEW CT	$ 649,900	$ 635,000	ATTACHD	2198	3	2.1	54
4966 GALEN ST	$ 600,000	$ 656,000	DETACHD	1699	3	2	5
115 TOUCHSTONE TER	$ 709,000	$ 670,000	ATTACHD	2560	4	3.1	79
302 LAUREL ST	$ 679,000	$ 684,000	DETACHD	1907	3	2	6
175 FURNACE ST/Upper	$ 1,598,000	$ 1,598,000	CONDO	1898	2	2.1	1
752 8TH ST	$ 1,877,000	$ 1,903,000	DETACHD	4032	5	3.1	27

February 6, 2022February 6, 2022

The Importance of a Great Backyard

Backyards are truly something to be enjoyed. They expand the living area of a house and are the location for making memories in solitude, as well as with friends and family. When I show houses and we walk outside to find a really great backyard, it is the cherry that tops the cake of a great house. Here are 8 ideas for creating that great backyard.

Connect the indoors to the outdoors with big windows and easy access doors. From inside, you’ll enjoy looking out and having the opportunity to enjoy the yard every day of the year.
Create an outdoor workspace. Trees and landscaping make a wonderful backdrop to Zoom meetings. In addition, working outside on a nice day is a bit of a gift that you can give to yourself. To do this, you’ll need strong wifi, an exterior electrical outlet, and a sturdy table.
Let’s talk al fresco. I reguarly do large dinners for my family in my yard. When we gather there usually about 15 people. I put tables end to end to create one large dining table. I then use linens and my good china. It feels so luxurious! A covered area in which to dine, along with an outdoor heater, makes this possible any month of the year.
Add some entertainment potential. Again, a good table for board games, and perhaps a mounted television to watch football and movies.
Establish a wildlife habitat. I no longer feed the birds (there was a certain squirrel incident), but I do put out water. I have 5 birdbaths. If they go empty, the birds will literally sit on the rim and squack at me. Landscaping is also a great idea for attracting birds.
Make your yard pet friendly by fencing it. Today the fencing choices are plentiful, including fences that barely obstruct your viewing of the entire yard.
Just like the rest of the house, clutter is a big no no. Store the clutter elsewhere. Particularly when selling the house, it needs to be tidy.
Privacy is super important. If you have a house that looks into your yard, plant a tree or a hedge. In my case, my husband built a privacy screen that goes about 20 feet. Just enough to block my neighbors windows.

I hope that you have found this helpful. Thanks again for reading the blotter!

Dianne