affordable housing Archives - Page 3 of 114

January 13, 2022September 11, 2022

Market Activity ~ Jan 3-9, 2022

This first full week in the New Year we had only ONE property go on the market in Lake Oswego, and that one is a major fixer/possible rebuild over by George Rogers Park (per the Listing). In my Master’s Group, Realtors are begging each other to list the properties they have in their pockets. My guess is that Sellers are seeing the news of Omicron likely hitting peak soon to then taper off… and so are holding on a bit longer. IMHO there may be a flood of new properties hitting the market in the near future, and anyone in their right mind ought to list their property *now*. All in all, if you’re Buying… hold ‘yer horses! Things will change soon.

There were 11 properties that moved to Pending status and 16 that Closed/Sold last week as well. Right now there are 38 homes available in Lake Oswego.

Here is the data according to RMLS:

NEW Jan 3-9, 2022

Address	List Price	# Beds	# Baths	Total SF	Prop Type
143 CHURCH ST	$700,000	2	1	1220	DETACHD

PENDING Jan 3-9, 2022

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
200 SW Burnham RD, #203	$299,000	2	1	1199	CONDO	29
4632 LOWER DR, B2	$320,000	2	1.1	1170	CONDO	19
16250 PACIFIC HWY, #75	$355,000	3	2	1593	CONDO	29
1694 BONNIEBRAE DR	$415,000	2	1	864	ATTACHD	2
4325 SILVER CT / Upper	$499,000	3	2.1	1844	CONDO	49
1247 CEDAR ST	$550,000	3	2	2022	DETACHD	9
1719 ASPEN CT	$575,000	3	2	1444	DETACHD	31
302 LAUREL ST	$679,000	3	2	1907	DETACHD	6
770 5TH ST	$975,000	3	3.1	3180	DETACHD	45
17908 BLUE HERON DR	$1,850,000	3	4	4172	DETACHD	58
4247 LORDS LN	$2,275,000	4	3.1	3785	DETACHD	115

SOLD Jan 3-9, 2022

Address	Opening Price	Closed Price	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY #51	$ 179,000.00	$ 186,000.00	1	1	617	CONDO	7
4 TOUCHSTONE #76	$ 234,900.00	$ 228,000.00	2	2	984	CONDO	27
4610 LOWER DR / Main	$ 325,000.00	$ 310,000.00	2	1.1	1260	CONDO	22
86 KINGSGATE RD, E203	$ 325,000.00	$ 325,000.00	2	2	924	CONDO	3
4000 CARMAN DR #92	$ 349,000.00	$ 349,000.00	2	2	999	CONDO	12
1455 HALLINAN ST	$ 639,900.00	$ 650,000.00	3	2.1	1325	DETACHD	5
8 PHEASANT RUN	$ 649,950.00	$ 675,000.00	4	2.1	1845	DETACHD	5
5431 BONITA RD	$ 859,000.00	$ 835,000.00	4	3	2784	DETACHD	15
548 4TH ST	$ 1,524,900.00	$ 1,450,000.00	3	4.1	3186	ATTACHD	103
19317 LORNA LN	$ 1,699,000.00	$ 1,515,000.00	5	4.1	4634	DETACHD	186
4118 GLACIER LILY ST	$ 1,499,500.00	$ 1,625,000.00	4	3.1	4452	DETACHD	3
312 9TH ST	$ 1,650,000.00	$ 1,650,000.00	3	2.1	2686	DETACHD	8
1155 CRESTLINE CT	$ 2,195,000.00	$ 2,010,998.00	5	4.1	7438	DETACHD	73
16847 GREENBRIER RD	$ 2,598,000.00	$ 2,598,000.00	3	2.1	2360	DETACHD	0
16767 GRAEF CIR	$ 2,950,000.00	$ 2,700,000.00	4	4.1	4222	DETACHD	13
1226 NORTHSHORE RD	$ 7,000,000.00	$ 5,500,000.00	4	5.1	6330	DETACHD	160

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.

December 12, 2021September 11, 2022

News & Notes ~ November Numbers 2021

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 Nov 2021:

What I call the Black Hole of the Holidays is upon us! Meaning- while it is an amazing time to buy a home, there is also shrinking inventory even from the low levels we already had. So… great time to buy- just fewer homes available from which to choose. All that said, when you look at previous years, you can see inventory always takes a dip this time of year as both Buyers and Sellers become distracted with all the trappings of the season. So…nothing out of the ordinary, except for how low supply has fallen. Right now if you’re selling, you can be sure that the Buyers who are looking at your home are savvy, serious, and probably a bit sappy : ) That means…get the cookies in the oven and play those old timey holiday tunes in the background!

Rates: “Rates are being pushed up a bit with continued inflation concerns. Right now they are at about 3.375%.” Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS Market Action Report for the Portland Metro Area, Nov 2021:

There were 2,229 New Listings in Nov 2021, down slightly at 0.4% from Nov 2020’s 2,238 and also down a whopping 31.0% from the previous month/Oct’s 3,232 (normal, seasonal stuff).
At 2,832, Nov 2021’s Closed Sales are up 3.2% from Nov 2020’s 2,745, and dropped 9.5% from the previous month/Oct’s total of 3,129
At 2,660, Oct 2021’s Pending Sales increased 4.0% from Nov 2020’s 2,557, and decreased 16.5% from the previous month/Oct’s total of 3,187.
The Average Sale Price in Nov 2021 of $575,600 is up $54,400 from last year/Nov 2020’s $521,200, and nearly the same as the previous month/Oct’s $575,200.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Nov 2021 of $517,800 rose $60,800 from last year/Nov 2020’s $457,000, and was also up $1,800 from the previous month/Oct’s $516,000.

LAKE OSWEGO:

92 Active Listings (Oct 138)
99 New Listings (Oct 146)
124 Pending Sales (Oct 152)
134 Closed Sales (Oct 142)
Average Sale Price for Nov: $964,300 (Oct $853,200)
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.
36 Days on the Market (Oct 27)

December 11, 2021September 11, 2022

Market Activity ~ Nov 29-Dec 5, 2021

This last week we saw 4 properties enter the market, 11 move to Pending status, and 23 Sold/Closed. Right now there are 59 homes in all price ranges available in Lake Oswego.

NEW Nov 29-Dec 5, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
12962 KNAUS RD	$829,000	3	2.1	1952	DETACHD
17154 LOWENBERG TER	$1,295,000	5	3.1	3412	DETACHD
13648 GOODALL RD	$2,499,900	4	4.2	5288	DETACHD
13041 KNAUS RD	$4,395,000	4	4.1	4924	DETACHD

PENDING Nov 29-Dec 5, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
4 TOUCHSTONE, #76	$228,000	2	2	984	CONDO	27
4000 CARMAN DR, G108	$249,000	2	1	767	CONDO	3
86 KINGSGATE RD, E103	$355,000	2	2	924	CONDO	66
4083 JEFFERSON PKWY	$366,900	2	2	1202	CONDO	8
1719 ASPEN CT	$590,000	3	2	1444	DETACHD	2
4104 LAKEVIEW BLVD	$735,000	4	2	2244	DETACHD	87
4080 COLTSFOOT LN	$899,900	4	2.1	2884	DETACHD	11
4118 GLACIER LILY ST	$1,499,500	4	3.1	4452	DETACHD	3
312 9TH ST	$1,650,000	3	2.1	2686	DETACHD	8
752 8TH ST	$1,877,000	5	3.1	4032	DETACHD	27
21 D AVE, #14	$2,046,800	2	2.1	2406	CONDO	1

SOLD Nov 29-Dec5, 2021

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
4000 CARMAN DR, C44	$260,000	$256,500	2	2	866	CONDO	46
86 KINGSGATE RD, A203	$285,000	$307,000	2	2	849	CONDO	1
4000 CARMAN DR, B23	$307,500	$321,700	2	2	866	CONDO	3
218 RIDGEWAY RD / Main	$350,000	$360,000	2	1	914	CONDO	4
1400 BONNIEBRAE DR / Main	$425,000	$415,000	2	1	890	CONDO	7
71 KINGSGATE RD	$595,000	$625,000	3	2.1	1727	DETACHD	2
1638 PINE ST	$800,000	$835,000	4	3	3105	DETACHD	4
15449 PARTRIDGE DR	$824,900	$865,000	4	2.1	2817	DETACHD	2
14655 UPLANDS DR	$1,065,000	$1,065,000	5	3	2462	DETACHD	0
5492 YORKSHIRE PL	$1,130,000	$1,180,000	4	2.1	2462	DETACHD	4
1776 OAK ST	$1,350,000	$1,290,000	4	3.1	4012	DETACHD	89
2630 RIVENDELL RD	$1,399,000	$1,378,200	4	3.1	4612	DETACHD	10
4305 UPPER DR	$1,525,000	$1,540,000	4	2.1	3483	DETACHD	8
17301 BERGIS FARM DR	$2,250,000	$1,785,000	4	3.1	4737	DETACHD	188
611 RIDGEWAY RD	$2,049,000	$1,900,000	4	5.1	4463	DETACHD	145
4480 UPPER DR	$2,000,000	$1,950,000	4	3.1	3497	DETACHD	19
16743 SW Pacific HWY	$2,195,000	$2,085,000	4	4	4340	DETACHD	132
1099 CHERRY CIR	$2,275,000	$2,300,000	5	3.1	4039	DETACHD	3
4105 UPPER DR	$3,250,000	$3,450,000	5	3.1	4967	DETACHD	4
17475 BLUE HERON RD	$3,995,000	$3,600,000	5	5.1	5787	DETACHD	39
736 SOUTHVIEW RD	$4,195,000	$3,940,000	4	3.2	4639	DETACHD	6
2088 CREST DR	$6,995,000	$5,800,000	4	6.1	8259	DETACHD	91
3232 LAKEVIEW BLVD	$7,000,000	$7,000,000	4	5.1	8170	DETACHD	0

November 26, 2021September 11, 2022

Market Activity ~ Nov 15-21, 2021

Last week we saw 7 properties enter the market, 22 move to Pending status and 20 Closed/Sold. Right now there are 60 beautiful homes available in Lake Oswego.

Here is the breakdown:

NEW Nov 15-21, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
871 COUNTRY CLUB RD	$215,000	1	1	600	CONDO
2991 DELLWOOD DR	$499,000	3	2.1	1844	CONDO
45 EAGLE CREST DR #316	$580,000	4	2	1546	DETACHD
21 D AVE #4	$625,000	3	1.1	1449	DETACHD
2305 GLEN HAVEN RD	$1,425,000	4	2.2	4308	DETACHD
4325 SILVER CT / Upper	$2,067,000	2	2.1	2431	CONDO
6050 FERNBROOK ST	$2,275,000	5	4	3632	DETACHD

PENDING Nov 15-21, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
7155 CHILDS RD / Grnd	$278,000	2	1	916	CONDO	4
1400 BONNIEBRAE DR / Main	$425,000	2	1	890	CONDO	7
71 KINGSGATE RD	$595,000	3	2.1	1727	DETACHD	2
5020 JEAN RD	$599,000	3	2	1837	DETACHD	3
16989 TUALATIN ST	$650,000	3	2.1	1491	DETACHD	50
1695 MEADOWS DR	$698,000	4	3	2219	DETACHD	6
74 CONDOLEA WAY	$699,000	3	3	2965	CONDO	51
1335 LAUREL ST	$699,000	3	1	1898	DETACHD	62
326 LAKE BAY CT	$820,000	3	2	1427	DETACHD	3
129 DEL PRADO ST	$829,000	4	2.1	2622	DETACHD	2
16510 MAPLE CIR	$899,000	4	2.1	2295	DETACHD	101
223 Cornell CT	$965,000	5	3.1	3756	DETACHD	10
3777 RIVERS EDGE DR	$1,095,000	4	2.1	2875	DETACHD	6
16164 PARKER RD #2	$1,098,000	3	2.1	2091	DETACHD	57
18168 WESTMINSTER DR	$1,099,000	5	3.1	4220	DETACHD	5
828 7TH ST	$1,250,000	3	4	2418	DETACHD	4
16164 PARKER RD #1	$1,395,000	5	4	3257	DETACHD	79
17912 KELOK RD	$1,650,000	5	3	3218	DETACHD	19
17908 BLUE HERON DR	$1,799,000	3	4	4172	DETACHD	4
2245 GLEN HAVEN RD	$1,950,000	4	4	3830	DETACHD	9
6720 CHILDS RD	$2,395,000	4	4.1	6898	DETACHD	64
637 ENGLEWOOD DR	$2,825,000	7	3.1	4231	DETACHD	19

SOLD Nov 15-21, 2021

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
316 CERVANTES CIR #316	$ 220,000	$ 225,000	2	1	832	CONDO	13
29 CRESTFIELD CT/ Grnd	$ 249,900	$ 232,000	2	2	989	CONDO	357
350 CERVANTES CIRb#1E	$ 259,900	$ 249,500	2	1.1	912	CONDO	10
28 AQUINAS ST	$ 529,000	$ 539,000	3	2	1960	DETACHD	6
18840 SW 65TH AVE	$ 549,000	$ 549,000	3	2.1	1634	DETACHD	34
5944 BURMA RD	$ 629,000	$ 675,000	3	2	1409	DETACHD	4
4191 SOUTHSHORE BLVD	$ 699,000	$ 705,000	4	2	1361	DETACHD	5
4322 COLLINS WAY	$ 765,500	$ 727,000	5	3	2112	DETACHD	36
17226 MARJORIE AVE	$ 684,900	$ 750,000	3	2	1782	DETACHD	3
603 ATWATER RD	$ 924,900	$ 850,000	5	3.1	3430	DETACHD	73
4705 LAKEVIEW BLVD	$ 875,000	$ 874,000	3	2.1	2700	DETACHD	41
17555 ERIN CT	$ 969,000	$ 910,000	4	3	3156	DETACHD	17
3211 WESTVIEW CT	$ 1,150,000	$ 1,150,000	4	3.1	3325	DETACHD	20
14322 EDENBERRY DR	$ 1,295,000	$ 1,230,000	4	2.1	3262	DETACHD	31
7 GARIBALDI ST	$ 1,450,000	$ 1,450,000	4	3.1	6303	DETACHD	85
860 SKYLAND DR	$ 1,299,000	$ 1,460,000	4	3	3527	DETACHD	4
9 HIDALGO ST	$ 1,400,000	$ 1,500,000	4	3.3	5713	DETACHD	4
792 2ND ST	$ 1,650,000	$ 1,670,000	4	3	2786	DETACHD	8
14034 TAYLORS CREST LN	$ 1,685,000	$ 1,685,000	5	3.2	4007	DETACHD	0
13710 KNAUS RD	$ 2,990,000	$ 2,950,000	4	4.2	5780	DETACHD	0

November 20, 2021November 27, 2021

News & Notes ~ October 2021 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 Oct 2021: We’re definitely watching the typical fall/winter slowdown across the board, BUT, in general we’re seeing improvements over the same 10-month period in 2020. Inventory which had started to rise slowly but steadily did take another slight dip in October. Listings increased 6.6% over 2020 during this time period, Pending Sales rose 9.0% and Closed Sales were up by 12.5%.

Rates: “Rates are at around 3.25% right now, however we are seeing continued upward pressure as the Federal Reserve takes steps to combat inflation.” Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS Market Action Report for the Portland Metro Area, Oct 2021:

There were 3,232 New Listings in Oct 2021, down 8.1% from Oct 2020’s 3,515 and also down 14.0% from the previous month/Sept’s 3,760.
At 3,129, Oct 2021’s Closed Sales are down 0.8% from Oct 2020’s 3,155, and also down 1.2% from the previous month/Sept’s total of 3,167
At 3,187, Oct 2021’s Pending Sales decreased 0.4% from Oct 2020’s 3,199, and increased 0.5% from the previous month/Sept’s total of 3,170.
The Average Sale Price in Oct 2021 of $575,200 is up $58,700 from last year/Oct 2020’s $516,500, and up $3,700. from the previous month/Sept’s $571,500.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Oct 2021 of $516,000 rose $56,000 from last year/Oct 2020’s $460,000, and was also up $6,000 from the previous month/Sept’s $510,000.

LAKE OSWEGO:

138 Active Listings (Sep 154)
146 New Listings (Sep178)
152 Pending Sales (Sep 170)
142 Closed Sales (Sep 168)
Average Sale Price for Sept: $853,200 (Sep $975,700)
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.
27 Days on the Market (Sep 24)

October 31, 2021October 31, 2021

This Week in Lake Oswego

Here are my picks for things to do this week either online or in person:

Mon, Nov 1, 2021 – 8:00AM-9:00PM–Story Line Recordings~ Listen to poetry and short stories anytime! dial 503-636-7628 and press 6 – More Info: CLICK HERE

Tues, Nov 2, 2021 **Daily Through Nov 30th, 2021 – 10:00AM-7:00PM–Native American Heritage STEM Kit Giveaway! ~ Explore traditional Native American technologies, visit with an archaeologist, and try out hands-on engineering challenges! Come to the Children’s Library to pick up a take-and-make activity kit while supplies last.- More Info & Registration: CLICK HERE

Wed, Nov 3, 2021 – 10:00AM – The Waldo Project~ “The Waldo Project” is a collaboration between the Lake Oswego Public Library, the Kiwanis Club of Lake Oswego(link is external) and Hunger Fighters Oregon. Serve your community by getting books out into it, and have some fun! When a child finds Waldo in his hiding spot, they go straight to a vintage gumball machine filled with wooden tokens. After turning the crank and retrieving a token, they drop it into a jar which designates how many books will be distributed. – More Info & Registration + Agenda Links: CLICK HERE

Thurs, Nov 4, 2021 – 10:00AM-2:00PMPM –Bob Ross Oil Painting – Aurora Borealis ~ Easy step by step beginners class from concept to completion! All supplies provided. – More Info & Registration: CLICK HERE

Fri, Nov 5, 2021 – 7:00-8:30PM – How to Help Your Garden Soil Feed You ~ This online program helps you understand how to work the soil in your garden even in off months to better prepare for a fantastic new growing season in the spring! More Info: CLICK HERE

Sat, Nov 6, 2021 – 9:00-11:00AM – Stewardship Work Party at Springbrook Park – Help clear forest debris and remove invasive species. Friends of Springbrook Park will lead this work party. No experience needed. Dress for the weather, wear sturdy shoes and bring water.- More Info : CLICK HERE

Sun, Nov 7, 2021 – 10:00AM-12:00PM – Stewardship Work Party at Freepons Park~ Help clear storm debris from the February ice storms. Friends of Hallinan Heights Woods will lead the group to help restore the habitat. No experience needed. Dress for the weather, wear sturdy shoes and bring water. More Info : CLICK HERE

October 29, 2021September 11, 2022

Market Activity ~ Oct 18-24, 2021

True to the season, last week Lake Oswego saw just 4 properties enter the market. There were, however, 21 moving to Pending status, and 15 that Sold/Closed. At this moment there are 77 fabulous homes priced from $170,000 to $6.5 Million available in this little hamlet.

Here is your weekly detailed breakdown:

NEW Oct 18-24, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
100 KERR PKWY #19	$170,000	1	1	617	CONDO
135 OSWEGO SMT / Upper	$263,000	2	2	1140	CONDO
5051 FOOTHILLS DR D	$340,000	2	2	991	CONDO
16940 SW TRACY AVE	$675,000	4	1.2	1656	DETACHD

PENDING Oct 18-24, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	Days
358 CERVANTES CIR	$234,900	2	1.1	912	CONDO	5
4000 CARMAN DR C44	$255,000	2	2	866	CONDO	46
18840 SW 65TH AVE	$549,000	3	2.1	1634	DETACHD	34
4191 SOUTHSHORE BLVD	$699,000	4	2	1361	DETACHD	5
13819 PROVINCIAL HILL DR	$785,000	3	2.1	2021	DETACHD	3
15450 PARTRIDGE DR	$800,000	3	2.1	2624	DETACHD	4
3718 RIVERS EDGE DR	$960,000	4	2.1	2512	DETACHD	0
13280 SANDALWOOD CT	$1,050,000	4	3	3080	DETACHD	5
3211 WESTVIEW CT	$1,150,000	4	3.1	3325	DETACHD	20
17975 RIDGE LAKE DR	$1,199,000	4	2.1	2835	DETACHD	2
18470 RAY RIDGE DR	$1,350,000	5	2.1	4329	DETACHD	136
9 HIDALGO ST	$1,400,000	4	3.3	5713	DETACHD	4
7 GARIBALDI ST	$1,450,000	4	3.1	6303	DETACHD	85
17625 WOODHURST PL	$1,495,000	5	4.1	4513	DETACHD	39
4305 UPPER DR	$1,525,000	4	2.1	3483	DETACHD	8
611 RIDGEWAY RD	$1,995,000	4	5.1	4463	DETACHD	145
4480 UPPER DR	$2,000,000	4	3.1	3497	DETACHD	19
1099 CHERRY CIR	$2,275,000	5	3.1	4039	DETACHD	3
19155 BRYANT RD	$2,275,000	3	3.1	3371	DETACHD	20
16767 GRAEF CIR	$2,950,000	4	4.1	4222	DETACHD	13
1101 CRESTLINE CT	$3,000,000	4	4.3	7226	DETACHD	415

SOLD Oct 18-24, 2021

Address	Opening	Closed	Beds	Baths	SF	Type	Days
47 EAGLE CREST DR #54	$ 186,000	$ 182,500	1	1	672	CONDO	37
47 EAGLE CREST DR #48	$ 200,000	$ 203,500	1	1	696	CONDO	16
96 CERVANTES CIR / Main	$ 230,000	$ 205,000	2	1.1	912	CONDO	7
47 EAGLE CREST DR #56	$ 240,000	$ 240,000	3	1	1031	CONDO	5
68 WHEATHERSTONE CT	$ 549,900	$ 534,000	4	3.1	2465	CONDO	19
5715 BONITA RD	$ 599,000	$ 599,000	3	2.1	1614	DETACHD	0
1386 BOCA RATAN DR	$ 524,900	$ 600,000	3	2.1	1739	ATTACHD	4
20 AQUINAS ST	$ 649,900	$ 649,900	4	2.1	1838	DETACHD	15
14425 HOLLY SPRINGS RD	$ 770,000	$ 696,500	5	3	2238	CONDO	108
18867 Arrowwood AVE	$ 659,900	$ 760,000	3	2	1488	DETACHD	6
4848 LOWER DR	$ 822,000	$ 766,000	4	3	2531	DETACHD	27
2515 GREENTREE RD	$ 735,000	$ 777,000	4	2	2300	DETACHD	3
18820 GREEN BLUFF DR	$ 1,599,000	$ 1,400,000	4	4.1	5643	DETACHD	6
2420 PRESTWICK RD	$ 2,500,000	$ 1,420,000	6	3.1	3723	DETACHD	73
16206 REESE RD	$ 1,895,000	$ 1,895,000	4	3.1	3631	DETACHD	1

October 16, 2021September 11, 2022

News & Notes ~ Sept 2021 Numbers

Overview/Fluctuations ~ Market Data Sept 2021:

Again this last month we’re seeing a cooling indicative of Fall, with Buyer Activity slowed a bit and/but conversely, Seller activity (Listings) increasing. It’ll be interesting to see October’s activity as Fall is one of the best times to buy a property in Portland, especially given the competitive landscape this year. We’ll find out if Buyers come out for the opportunity it presents. Market time remains pretty much the same at 24 days. We also see another slight increase in inventory looking pretty steady during these last few months. Appreciation remains remarkable.

Rates: “With increased inflation pressures, rates have moved higher to roughly 3.25% currently. We are likely to continue to see rates moving higher in the coming months.” Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS Market Action Report for the Portland Metro Area, Sept 2021:

There were 3,760 New Listings in Sept 2021 up 15.2% from Sept 2020’s 3,264 and also up 1.7% from the previous month/August’s 3,698.
At 3,167, Sept 2021’s Closed Sales are down 2.6% from Sept 2020’s 3,251, and also down 1.6% from the previous month/August’s total of 3,219
At 3,170, Sept 2021’s Pending Sales increased 0.6% from Sept 2020’s 3,152, and decreased 10.3% from the previous month/August’s total of 3,535.
The Average Sale Price in Sept 2021 of $571,500 is up $61,500 from last year/Sept 2020’s $510,000, and down $12,100. from the previous month/August’s $583,600.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Sept 2021 of $510,000 rose $59,000 from last year/Sept 2020’s $451,000, and was down $15,000 from the previous month/August’s $525,000.

LAKE OSWEGO:

154 Active Listings (Aug 161)
178 New Listings (Aug 168)
170 Pending Sales (Aug 163)
168 Closed Sales (Aug 171)
Average Sale Price for Sept: $975,700 (Aug $878,600)
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.
27 Days on the Market (Aug 23)

October 13, 2021September 11, 2022

Market Activity ~ Oct 4-10, 2021

This last week in Lake Oswego there were 9 New homes entering the market, 24 moving to Pending status (accepted Offers), and 19 that Closed/Sold.

Right now there are 81 fantastic properties to suit all kinds of tastes, price ranges & requirements available in Lake Oswego!

Here is the latest breakdown according to RMLS:

NEW: Oct 4-10, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
4 TOUCHSTONE #137	$208,500	2	2	984	CONDO
86 KINGSGATE RD, A101	$265,000	2	2	849	CONDO
17555 ERIN CT	$969,000	4	3	3156	DETACHD
16645 FIR LN	$1,100,000	4	2.1	3066	DETACHD
2630 RIVENDELL RD	$1,399,000	4	3.1	4612	DETACHD
611 RIDGEWAY RD	$1,995,000	4	5.1	4463	DETACHD
4480 UPPER DR	$2,000,000	4	3.1	3497	DETACHD
767 10TH ST	$2,100,000	4	4.1	3900	DETACHD
16767 GRAEF CIR	$2,950,000	4	4.1	4222	DETACHD

PENDING Oct 4-10, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
100 KERR PKWY #38	$185,000	1	1	628	CONDO	22
29 CRESTFIELD CT / Grnd	$239,900	2	2	989	CONDO	357
15938 QUARRY RD, 3A	$259,900	2	1	988	CONDO	4
5225 JEAN RD #203	$359,900	3	2	1400	CONDO	117
4101 JEFFERSON PKWY / Upper	$369,500	2	2.1	1375	CONDO	11
3101 MCNARY PKWY #6	$395,000	3	2.1	1884	ATTACHD	25
14 WHEATHERSTONE #7	$449,900	3	2.1	1692	CONDO	2
750 1ST ST, A10	$465,000	2	2	1350	CONDO	117
5077 W SUNSET DR	$500,000	2	2.1	1720	ATTACHD	4
1386 BOCA RATAN DR	$524,900	3	2.1	1739	ATTACHD	4
12572 BOONES FERRY RD	$525,000	4	2	1577	DETACHD	138
6 ADAMS CT	$539,900	3	2	1571	DETACHD	2
2515 GREENTREE RD	$735,000	4	2	2300	DETACHD	3
1704 MEADOWS DR	$750,000	3	3	1956	DETACHD	4
1631 ASH ST	$750,000	4	2.1	2227	DETACHD	3
4705 LAKEVIEW BLVD	$875,000	3	2.1	2700	DETACHD	9
14867 TWIN FIR CT	$899,000	6	3.1	3625	DETACHD	5
603 ATWATER RD	$899,900	5	3.1	3430	DETACHD	73
2915 DELLWOOD DR	$899,900	4	2.2	3690	DETACHD	8
5598 LUCE LN	$979,000	4	3	3432	DETACHD	40
6413 MCDUFF CT	$1,050,000	3	2.1	3091	DETACHD	37
18365 SW 65TH AVE	$1,290,000	5	4	3331	DETACHD	22
1776 OAK ST	$1,290,000	4	3.1	4012	DETACHD	89
3411 LAKE GROVE AVE	$1,599,000	4	3.1	4434	DETACHD	47

SOLD Oct 4-10, 2021

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
100 KERR PKWY #31	$ 185,000	$ 185,000	1	1	617	CONDO	5
200 BURNHAM RD #402	$ 355,000	$ 360,000	2	2	1305	CONDO	10
5101 JEAN RD	$ 475,000	$ 459,938	3	1	1012	DETACHD	5
16417 LAKE FOREST BLVD	$ 540,000	$ 540,000	2	1	1066	DETACHD	12
17830 SW TUALATA AVE	$ 595,000	$ 587,000	3	2	1373	DETACHD	30
17902 TAMARA AVE	$ 569,900	$ 605,000	4	2	2082	DETACHD	59
8 BOLIVAR ST	$ 640,000	$ 640,000	2	2	2149	DETACHD	3
16624 ROOSEVELT AVE	$ 699,900	$ 661,000	3	2	2802	DETACHD	15
14 PREAKNESS CT	$ 669,000	$ 680,000	2	2.1	2190	ATTACHD	6
5911 SW CARMAN DR	$ 695,800	$ 700,000	3	2	1400	DETACHD	10
1880 FERNWOOD DR	$ 875,000	$ 875,000	5	3.1	3049	DETACHD	65
16033 REESE RD	$ 849,900	$ 951,000	4	2.1	2810	DETACHD	5
920 YORK RD	$ 985,000	$ 1,043,925	4	3	2026	DETACHD	2
1161 SUNNINGDALE RD	$ 950,000	$ 1,060,000	3	2.1	2378	DETACHD	3
1687 VILLAGE PARK LN	$ 1,500,000	$ 1,350,000	4	3	3362	DETACHD	74
127 FURNACE ST / Upper	$ 1,375,000	$ 1,375,000	2	2.1	2016	CONDO	0
14500 UPLANDS DR	$ 2,495,000	$ 2,225,000	5	4.2	5544	DETACHD	74
1075 CHANDLER RD	$ 2,799,000	$ 2,700,000	5	4.1	5710	DETACHD	113
259 PINE VALLEY RD	$ 4,000,000	$ 4,000,000	4	4.1	4640	DETACHD	0

September 19, 2021September 11, 2022

News & Notes ~ August Numbers 2021

Here is the latest look at the overall Portland area and how Lake Oswego fits into that picture. Don’t miss the Portland Neighborhood Report (below) with values, time on market and appreciation rates broken out for our Property Blotter readers.

Overview/Fluctuations ~ Market Data Aug 2021: August is never a robust month in Portland, but things are moving right along. With the exception of some slight shuffling, we saw a pretty “no-drama” month in terms of pricing stability and sales compared to July. Market time remains only slightly different than July, at 23 days compared to July’s 20 days overall. New Listings dropped off for a bit as we’d expect, and Inventory rose slightly to a whopping 1-month’s supply (just a tad under last August).

Rates are hanging right at 3.0% as of today, but there is pressure on rates to move higher.

According to the RMLS Market Action Report for the Portland Metro Area, Aug 2021:

There were 3,698 New Listings in Aug 2021 dropping 4.8% from Aug 2020’s 3,885 and 13.3% from the previous month/July’s 4,267.
At 3,219, Aug 2021’s Closed Sales are up 2.2% from Aug 2020’s 3,149, and fell 6.4% from the previous month/July’s total of 3,439.
At 3,535, Aug 2021’s Pending Sales decreased 4.4% from Aug 2020’s 3,697, and are also up 5.4% from the previous month/July’s total of 3,354.
The Average Sale Price in Aug 2021 of $583,600 is up $72,600 from last year/Aug 2020’s $511,000, and down $9,500. from the previous month/July’s $593,100.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Aug 2021 of $525,000 rose $76,000 from last year/Aug 2020’s $449,000, and also increased $3,000 from the previous month/July’s $522,000.

LAKE OSWEGO:

161 Active Listings (July 165)
168 New Listings (July 214)
163 Pending Sales (July 177)
171 Closed Sales (July 184)
Average Sale Price for July: $878,000 (July $1,020,600)
- 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.
23 Average Days on the Market (July 19)