affordable housing Archives - Page 7 of 114

December 18, 2020December 18, 2020

Market Activity Dec 7-13, 2020

Last week in Lake Oswego sales remainded strong. 24 houses received offers that were accepted and 18 properties sold with finalized sales. New inventory remained low at just 6 new listings.

See below for RMLS details

New on the Market Dec 7-13, 2020

Address	Type	Price	BR	Baths	Sq Ft
47 Eagle Crest Dr #50	Condo	$210,000	2	1	932
18964 Redwing Way	Detached	$549,950	3	1.5	1406
6126 Frost Ln	Detached	$765,000	5	3	2497
252 Greenwood Rd	Detached	$824,900	5	2	3834
5513 Rachel Ln	Detached	$1,049,000	4	2.5	3335
701 4th St	Detached	$1,499,000	3	2.5	2885

Pending Sales Dec 7-13, 2020

Address	Type	Price	BR	Baths	Sq Ft	CDOM
30 Oswego Summit	Condo	$198,500	1	1	700	78
750 1st St #26	Condo	$350,000	2	2	1350	20
16191 Lake Forest Blvd	Detached	$424,999	3	1	864	4
16342 Kimball St	Detached	$495,000	3	1.5	1250	6
1225 Lee St	Detached	$511,000	3	1.5	1056	1
14150 Goodall Rd	Detached	$525,000	3	2	1745	3
1101 Hemlock SSt	Detached	$574,900	3	2.5	2213	26
4380 Douglas Way	Detached	$599,950	3	2	1364	19
18861 Indian Springs Circle	Detached	$635,000	3	2	1649	2
15677 Fieldstone Dr	Detached	$688,000	3	2.5	2527	156
4984 Bilford Ln	Detached	$725,000	3	2.5	2629	35
2679 Glen Eagles Rd	Detached	$729,900	3	3	2378	6
1771 Campus Way	Detached	$738,000	3	3	3277	3
2765 Glen Haven Rd	Detached	$749,900	4	2.5	2277	5
6123 Frost Ln	Detached	$759,900	4	2.5	2331	21
803 Clara Ct	Detached	$850,000	4	3	2886	3
17970 Meadowlark Ln	Detached	$899,000	4	3	3640	1
18064 Jenifers Way	Detached	$899,900	5	3	2965	44
17596 Green Bluff Dr	Detached	$959,900	4	2.5	3039	26
5055 Lakeview Blvd	Detached	$1,298,000	4	3.5	3607	28
961 Terrace Dr	Detached	$2,495,000	5	4.5+.5	6016	96
1287 Cherry Ln	Detached	$2,595,000	5	4.5	5212	110
2950 Lakeview Blvd	Detached	$2,750,000	4	3.5	4299	190
16649 Maple Circle	Detached	$2,969,000	4	3	2714	113

Closed/Sold Dec 7-13, 2020

Address	Type	List Price	Sold Price	Sq Ft	CDOM
48 Eagle Crest 5E	Condo	$269,000	$249,000	1442	103
16250 Pacific Hwy #77	Condo	$289,900	$259,000	1,327	257
3433 McNary Pkwy #804	Condo	$269,900	$260,000	1136	103
65 Oswego Summit	Condo	$274,900	$260,000	1140	4
4107 Jefferson Pkwy	Condo	$329,000	$325,000	1507	32
5626 Fernbrook Way	Detached	$511,000	$489,000	1250	59
17020 Denny Ct	Detached	$650,000	$525,000	1704	150
17297 Bryant Rd	Detached	$575,000	$550,000	1428	11
13 Walking Woods Dr	Detached	$515,000	$556,000	2130	4
17879 Hillside Dr	Detached	$849,999	$630,000	3149	271
18225 SW 65th Ave	Detached	$799,000	$747,000	2210	37
3125 Alber Sring Ct	Detached	$1,198,000	$1,065	4308	195
16291 Bonaire Ave	Detached	$1,096,660	$1,096	3240	0
6441 Mission Ct	Detached	$1,165,000	$1,165	3201	24
3920 Upper Dr	Detached	$1,595,000	$1,425	3800	$115
15532 Village Dr	Detached	$1,599,000	$1,545	3446	47
4165 Childs Rd	Detached	$1,549,000	$1,549	3310	11
15607 Village Dr	Detached	$2,589,000	$2,200	5407	525

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.

December 13, 2020December 13, 2020

News & Notes ~ Nov 2020 Numbers

Here is your look at the most recent data for the entire Portland area (Nov2020) and how Lake Oswego fits in to this picture just below.

Overview/Fluctuations ~ Market Data Nov 2020:

Inventory is now at 1.0 months of supply here, locally. The lowest it’s ever been. All forecasts are for continued increases in home sales and prices, though more modestly than 2020. Prediction #’s vary among economists. National Association of Realtors (NAR) is predicting a 7.3% increase in sales nationally in 2021. Interest rates are still hovering around 2.875% but are expected to rise, albeit not dramatically. One very interesting item I noted from the NAR information is that nationally, 1 in 6 home purchases is now “multi-generational”. So, how we live is changing in many ways: People are looking for more space to work from home, and generations are moving in together. There is generally more up-sizing than down-sizing going on.

According to the RMLS Market Action Report for the Portland Metro Area, Nov. 2020:

There were 2,238 New Listings in Nov 2020 increased 5.7% from Nov of 2019’s 2,118, and decreased a whopping 36.3% from the previous month/Oct’s 3,515.
At 2,745, Nov 2020’s Closed Sales are up 12.4% from Nov 2019’s 2,191, and decreased 13.0% from the previous month/Oct 2020’s total of 3,155
At 2,557, Nov 2020’s Pending Sales are up 12.4% from Nov 2019’s 2,274, and dropped 20.1% from the previous month/Oct 2020’s total of 3,199.
The Average Sale Price in Nov 2020 of $521,200 is up $58,600 from last year/Nov 2019’s $462,600, and is up $4,700 from the previous month/Oct 2020’s $516,500. YTD increase is 7.1%.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Nov 2020 of $457,000 rose from last year/Nov2019’s $415,000 by $42,000, and decreased $3,000 from the previous month/Oct 2020’s $460,000. YTD increase is 6.8%.

Neighborhoods: November’s Average Sale Price + 12-month Appreciation:

North Portland: $480,600 6.2% (Oct $450,300) YTD Median: $431,000
NE Portland: $508,700 5.0% (Oct $531,200) YTD Median: $455,000
SE Portland: $478,200 8.1% (Oct $477,300) YTD Median: $409,000
Gresham/Troutdale: $425,200 5.2% (Oct $412,900) YTD Median: $378,000
Milwaukie/Clackamas: $510,700 7.7% (Oct $512,100) YTD Median: $450,000
Oregon City/Canby: $506,300 6.5% (Oct $511,300) YTD Median: $440,500
Lake Oswego/W Linn:$822,000 10.9% (Oct $756,600) YTD Median: $645,000
West Portland: $650,400 5.1% (Oct $685,900) YTD Median: $550,000
NW Wash County: $578,900 6.2% (Oct $595,600) YTD Median: $527,500
Beaverton/Aloha: $449,100 5.2% (Oct $451,200) YTD Median: $417,000
Tigard/Wilsonville: $528,200 9.5% (Oct $516,700) YTD Median: $479,000
Hillsboro/Forest Grove: $444,400 5.6% (Oct $445,600)YTD Median: $410,000

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn for the month of November 2020 reported:
- 177 Active Listings (Oct 213)
- 104 New Listings (Oct 197)
- 106 Pending Sales (Oct 193)
- 166 Closed Sales (Oct 173)
- Average Sale Price for Nov: $822,000 (Oct $756,600)
  - 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.
- 50 Average Days on the Market (Oct 59)

December 10, 2020December 10, 2020

Market Activity ~ Nov 30- Dec 6, 2020

This last week in Lake Oswego continues the trend we’ve been seeing of fewer homes being Listed (5) and more going Pending (17) & Sold (35). There are currently 106 homes available in Lake Oswego.

Here is a snapshot in time according to RMLS:

NEW: Nov 30-Dec 6, 2020:

Address	List Price	# Beds	# Baths	Total SF	Prop Type
1599 OAK ST	$664,900	4	2.1	2468	DETACHD
2145 SUMMIT DR	$1,000,000	4	2.2	3111	DETACHD
6485 MISSION CT	$1,165,000	4	3.1	3133	DETACHD
18460 RAY RIDGE DR	$1,249,000	4	2.1	3769	DETACHD
1200 LAKE GARDEN CT	$1,400,000	4	3	3347	DETACHD

PEN: Nov 30-Dec 6, 2020:

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
44 EAGLE CREST DR #17	$199,900	1	1	798	CONDO	16
200 BURNHAM RD #303	$253,000	2	1	1200	CONDO	144
4640 LOWER DR / Upper	$279,900	2	1.2	1170	CONDO	11
5071 TUALATA LN	$584,900	3	3	1540	DETACHD	22
17104 CANAL CIR	$650,000	3	2	1416	DETACHD	36
17095 WESTVIEW DR	$664,900	4	3	3354	DETACHD	32
5338 ROYAL OAKS DR	$819,000	4	2.1	2720	DETACHD	67
13456 PROVINCIAL HILL WAY	$840,000	3	2.1	3071	DETACHD	69
49 HILLSHIRE DR	$909,900	4	3.1	4268	DETACHD	113
1816 PALISADES LAKE CT	$1,150,000	3	2.1	4598	DETACHD	104
13310 FOX RUN	$1,150,000	4	3.1	3741	DETACHD	1006
18020 MEADOWLARK LN	$1,350,000	5	4	4217	DETACHD	4
490 G AVE	$1,450,000	4	3.1	2977	DETACHD	1
1111 C AVE	$1,469,000	4	3.1	3354	DETACHD
4165 Childs RD	$1,549,900	3	2.1	3310	DETACHD	11
587 2ND ST / Upper	$1,575,000	2	2.1	2250	CONDO	40
4357 SOUTHSHORE BLVD	$2,945,000	5	5.1	5220	DETACHD	152

SLD: Nov 30-Dec 6, 2020

Address	Opening Price	Closed Price	Bed	Bath	Total SF	Prop Type	CDOM
344 CERVANTES CIR/Grnd	$223,000	$223,000	2	1.1	921	CONDO	5
16377 KIMBALL ST	$389,000	$360,000	3	1	1200	DETACHD	6
31 GREENRIDGE CT	$430,000	$425,000	3	2.1	2012	ATTACHD	95
16246 PARKER RD	$479,900	$480,000	3	2	1280	DETACHD	7
18275 TERRY CT	$439,900	$490,000	3	1.1	1270	DETACHD	196
16242 INVERURIE RD	$519,000	$526,200	3	2	1687	DETACHD	3
1705 CONIFER DR	$539,000	$535,000	3	1.1	1850	DETACHD	11
77 GREENRIDGE CT	$584,900	$571,000	3	2.1	2190	ATTACHD	11
769 4TH ST	$499,000	$586,000	4	1	2000	DETACHD	4
15500 BOONES WAY	$535,000	$590,000	3	2	1309	DETACHD	5
3102 DUNCAN DR	$799,000	$670,000	4	3.1	3910	DETACHD	113
880 WOODWAY CT	$700,000	$670,000	4	3	3800	DETACHD	30
221 HIDALGO ST	$710,000	$679,000	3	2.1	2660	DETACHD	35
4045 MELISSA DR	$758,000	$690,000	4	2.1	2529	DETACHD	40
15988 WHITE OAKS DR	$785,000	$710,000	4	2.1	2854	DETACHD	41
4113 WOOD HILL CT	$745,000	$710,000	4	3	2810	DETACHD	34
13881 SHIREVA DR	$695,000	$720,000	4	3	2392	DETACHD	3
17841 WESTVIEW DR	$739,000	$720,000	4	2.1	2434	DETACHD	20
634 CARRERA LN	$750,000	$740,000	4	2.1	3282	DETACHD	4
1702 HIGHLAND DR	$779,000	$744,000	3	2.1	2175	DETACHD	32
13947 MAJESTIC CT	$799,900	$805,000	4	3.1	2822	DETACHD	3
15655 FIELDSTONE DR	$830,000	$830,000	4	2.1	2781	DETACHD	2
13217 FOX RUN	$868,000	$831,000	4	3	2706	DETACHD	40
19245 MEGLY CT	$899,000	$899,000	5	3	3490	DETACHD	41
13745 CAMEO CT	$999,500	$910,000	4	4	2846	DETACHD	78
4297 ALBERT CIR	$999,995	$920,000	3	2.1	2335	DETACHD	69
5690 BAY CREEK DR	$969,000	$950,000	4	2.1	3268	DETACHD	4
15930 TWIN FIR RD	$995,000	$970,000	3	2.1	2620	DETACHD	82
2900 UPPER DR	$1,040,000	$977,500	3	2	2272	DETACHD	66
3180 DOUGLAS CIR	$1,475,000	$1,240,000	5	2.2	4768	DETACHD	496
13615 KNAUS RD	$1,995,000	$1,858,000	4	3.1	4294	DETACHD	56
1588 VIEW LAKE CT	$1,995,000	$1,995,000	4	2.2	4429	DETACHD	4
16865 GREENBRIER RD	$2,695,000	$2,200,000	5	5	6404	DETACHD	101
4321 Southshore BLVD	$3,950,000	$3,756,700	5	4.1	6731	DETACHD	118
1415 CHANDLER RD	$4,250,000	$3,862,500	6	4.2	7054	DETACHD	87

December 5, 2020

A Season of Caring

Winter in general can be a challenging time. Daylight is short and the temperature outside is COLD. For those in need, it’s got to be the very difficult. In Lake Oswego there are several ways that you can help.

Shop with a Cop

Shop with a cop pairs police officers with children. They go shopping together for items that the child needs. This year, because of Covid, volunteers are doing the shopping and police officers will deliver the purchased items to children’s homes. You can make a donation at www.ccpobf.org/about/make-a-donation.html. This event ends on December 12th.

Personal Care Items

Personal hygene items such as toothpaste, toothbrushes, sun screen, disposable razors, diapers, deodorant, and shampoo can be dropped off at a donation barrel at City Hall, 380 A Avenue, South entrance vestibule. Donations can be dropped off at any time. New, unused items, please.

Hunger Fighters Oregon

A record number of people in Lake Oswego are in need of emergency food. Non-parishable food items can be donated at City Hall, 380 A Avenue. Donation barrels are located in the North vestibule fronting A Avenue or directly with Hunger Fighters, 2301 Hazel Rd, Lake Oswego. You can learn more by visiting www.hungerfightersoregon.org

School Supply Drive

The Rotary club of Lake Oswego is collecting school supplies in conjunction with the Lake Oswego School Foundation and district counselors. Back packs have already been generously donated and now is the time to fill them up! The Rotary is looking for monetary donations. Money will be used to purchase basic school supplies and also to fund the gift card program that Rotary administers year around. You can make a donation at https://bit.ly/2IMnPeA or you can mail a donation to Rotary Club of Lake Oswego-School Supply Drive, P.O. Box 94, Lake Oswego, OR 97034.

Toy Drive

The Lake Oswego Fire Department and Library are accepting new, unwrapped toys to give to children. Toys will be distributed by the Tualatin Valley Elks Lodge. The toy drive ends December 11th. Until then toys can be dropped off at the the Lake Oswego Fire Department’s main station, 300 B Avenue, Lake Oswego or at the Library, 706 Fouth Street.

Thank you for spreading the love and good cheer!

Dianne

November 21, 2020November 21, 2020

Market Activity ~ Nov 9-15, 2020

Last week in Lake Oswego we saw 7 New properties hit the market, 21 move to Pending status, and 29 transactions Close. Here is the breakdown according to RMLS:

NEW 11/9-15, 2020 :

Address	List Price	# Beds	# Baths	Total SF	Prop Type
3812 BOTTICELLI ST	$319,995	3	2	1194	CONDO
17297 BRYANT RD	$575,000	3	2	1428	DETACHD
5071 TUALATA LN	$595,900	3	3	1540	DETACHD
2349 OAKHURST LN	$935,000	4	2.1	3548	DETACHD
17596 GREEN BLUFF DR	$959,900	4	2.1	3039	DETACHD
3250 WESTVIEW CT	$1,200,000	6	3.1	3928	DETACHD
5055 LAKEVIEW BLVD	$1,298,000	4	3.1	3607	DETACHD

PENDING 11/9-15, 2020 :

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
3433 MCNARY PKWY #804	$260,000	2	2.1	1136	CONDO	103
20 CERVANTES CIR	$275,000	2	1.1	912	CONDO	30
31 GREENRIDGE CT	$425,000	3	2.1	2012	ATTACHD	95
1402 PARRISH ST	$449,000	3	2.1	1863	CONDO	83
6270 Shakespeare ST	$495,000	3	1	1009	DETACHD	3
769 4TH ST	$499,000	4	1	2000	DETACHD	4
13 WALKING WOODS DR	$515,000	3	2	2130	DETACHD	4
14402 SHERBROOK PL	$530,000	3	2.1	1976	DETACHD	43
4362 GALEWOOD ST	$558,000	3	2.1	1684	DETACHD	25
14 INDEPENDENCE AVE	$684,900	5	3	3296	DETACHD	191
1227 ASH ST	$700,000	3	2	2151	DETACHD	4
20 Nansen Summit	$749,900	4	3.1	3768	DETACHD	2
19 WESTRIDGE DR	$749,900	4	2.1	3711	DETACHD	19
5722 SOUTHWOOD DR	$765,000	4	2.1	2919	DETACHD	3
6435 MCDUFF CT	$899,900	5	3.1	3424	DETACHD	65
17215 LOWENBERG TER	$935,000	4	2.1	2934	DETACHD	89
14144 GOODALL RD	$950,000	5	3	3701	DETACHD	157
2900 UPPER DR	$995,000	3	2	2272	DETACHD	66
6 ESSEX CT	$998,000	4	4	4338	DETACHD	4
3125 ALBER SPRING CT	$1,098,000	3	3.1	4308	DETACHD	195
18375 RIVER EDGE LN	$1,185,000	4	2.1	3512	DETACHD	51

SOLD 11/9-15, 2020:

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
92 CERVANTES CIR	$205,000	$205,000	2	1.1	912	CONDO	36
4 TOUCHSTONE #70	$279,950	$209,750	3	2.1	1351	CONDO	136
320 CERVANTES CIR, #12B	$209,900	$209,900	2	1	832	CONDO	3
15938 QUARRY RD, B4	$225,000	$235,000	2	1	996	CONDO	2
5225 JEAN RD #505	$255,000	$265,000	2	2	1100	CONDO	2
45 EAGLE CREST DR #401	$285,000	$272,000	3	2	1348	CONDO	40
15486 Brianne CT	$375,000	$355,000	2	2.1	1246	ATTACHD	8
4401 THUNDER VISTA LANE LN	$395,000	$365,000	2	2.1	1980	CONDO	89
4347 SILVER CT	$445,000	$429,000	3	2.1	1844	CONDO	44
12 SAINT HELENS CIR	$525,000	$525,000	3	2	1780	DETACHD	29
19167 LONGFELLOW AVE	$525,000	$544,000	3	2	1782	DETACHD	6
4862 INDIAN CREEK CT	$534,900	$555,000	3	2	1390	DETACHD	4
3595 TEMPEST DR	$615,000	$615,000	3	2	2126	DETACHD	34
1427 ASPEN ST	$635,000	$625,000	4	2	2319	DETACHD	15
39 TOUCHSTONE	$749,900	$650,000	4	3	3400	DETACHD	39
4430 GALEWOOD ST	$649,000	$661,000	3	2.1	2078	DETACHD	4
2734 SW ORCHARD HILL LN	$699,000	$701,000	4	3	2800	DETACHD	5
312 4TH ST	$710,000	$710,000	2	2.1	1731	ATTACHD	22
40 CONDOLEA CT / Main	$775,000	$725,000	3	3	2958	CONDO	34
13453 STREAMSIDE DR	$839,000	$792,000	3	2.1	2932	DETACHD	5
12730 ADRIAN CT	$835,000	$815,000	4	2.1	2952	DETACHD	74
5682 CHARLES CIR	$839,000	$839,000	4	3	3052	DETACHD	3
14527 RAINBOW DR	$895,000	$862,000	5	3	3339	DETACHD	33
17641 BROOKHURST DR	$989,000	$995,000	4	2.1	3470	DETACHD	5
14361 EDENBERRY DR	$1,100,000	$1,075,000	4	3.1	3760	DETACHD	3
900 FAIRWAY RD	$1,195,000	$1,083,000	5	3.1	3508	DETACHD	106
2701 GLEN HAVEN RD	$1,085,000	$1,125,000	3	2	3134	DETACHD	3
18008 GREENBLUFF DR	$1,849,000	$1,550,000	3	3.1	4402	DETACHD	179
13490 FIELDING RD	$3,398,000	$3,070,000	5	6.1	8286	DETACHD	141

November 16, 2020November 22, 2020

News & Notes ~ Oct 2020 Numbers

Here is your look at the most recent data for the entire Portland area (Oct 2020) and how Lake Oswego fits in to this picture just below.

Inventory remained at 1.1 months of supply in October. August was 1.3 and July was 1.2. The 1.1 mark is a record low according to RMLS. New Listings, Pending Sales and Appreciation are all up across the board.

Though we have an undeniable shortage of homes available, this is the time of year when Buyers can expect to find reasonable Sellers, and Sellers can expect to find serious Buyers out looking.

Rates are still very good, remaining around 2.875 as of today.

According to the RMLS Market Action Report for the Portland Metro Area, Sept 2020:

There were 3,515 New Listings in Oct 2020 increased 14.7% from Oct of 2019’s 3,064, and also increased 7.7% over the previous month/Sept’s 3,264.
At 3,155, Oct 2020’s Closed Sales are up 21.9% from Oct 2019’s 2,588, and decreased 3.0% from the previous month/Sept 2020’s total of 3,251
At 3,199, Oct 2020’s Pending Sales are up 25.2% from Oct 2019’s 2,575, and also increased 1.5% over the previous month/Sept 2020’s total of 3,152.
The Average Sale Price in Oct 2020 of $516,000 is up $54,600 from last year/Oct 2019’s $461,400, and is up $6,000 from the previous month/Sept 2020’s $510,000. YTD increase is 6.5%.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Oct 2020 of $460,000 rose from last year/Oct 2019’s $410,500 by $49,500, and is up by $9,000 from the previous month/Sept 2020’s $451,000. YTD increase is 6.1%.

Neighborhoods: October’s Average Sale Price + 12-month Appreciation:

North Portland: $450,300 6.5% (Sept $476,000)
- YTD Median: $430,000
NE Portland: $531,200 4.6% (Sept $532,100)
- YTD Median: $452,500
SE Portland: $477,300 6.7% (Sept $467,700)
- YTD Median: $405,000
Gresham/Troutdale: $412,900 4.8% (Sept $409,300)
- YTD Median: $374,900
Milwaukie/Clackamas: $512,100 6.8% (Sept $487,300)
- YTD Median: $449,900
Oregon City/Canby: $511,300 5.8% (Sept $469,700)
- YTD Median: $440,000
Lake Oswego/West Linn:$756,600 9.9% (Sept $782,600)
- YTD Median: $639,500
West Portland: $685,900 4.5% (Sept $636,600)
- YTD Median: $550,000
NW Wash County: $595,600 5.2% (Sept $600,600)
- YTD Median: $524,900
Beaverton/Aloha: $451,200 4.9% (Sept $447,000)
- YTD Median: $415,300
Tigard/Wilsonville: $516,700 8.0% (Sept $534,300)
- YTD Median: $475,000
Hillsboro/Forest Grove: $445,600 5.6% (Sept $438,300)
- YTD Median: $409,900

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn for the month of October 2020 reported:

- 213 Active Listings (Sept 250)
- 197 New Listings (Sept 173)
- 193 Pending Sales (Sept 180)
- 173 Closed Sales (Sept 191)
- Average Sale Price for Oct: $756,600 (Sept $782,600)
  - 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.
- 59 Average Days on the Market (Sept 45)

November 8, 2020November 8, 2020

This Week in Lake Oswego ~ Nov 9-15, 2020

Here are my picks for happenings in lake Oswego this week:

Mon, Nov 9, 2020– 12:00-1:00PM – Lunch 2 Go! ~ Dining Room is obviously problematic during COVID, but this service continues M/W/F with drive-up service! They love to see your faces! $4.00 over 60 and $5.00 under 60. Adult Community Center – 505 G Ave – Info & Ordering: CLICK HERE

Tue, Nov 10, 2020 – 7:00-8:00PM – Hot Books for Cold Days~Join Lake Oswego Librarians for a preview of the best books to curl up with this winter – Info & Registration: CLICK HERE

Wed, Nov 11, 2020 – 8AM Wed-5PM Fri- Veterans Day – Veterans Memorial ~Visit this memorial to all Veterans featuring 8 Lake Oswego individuals and their stories. Foothill Park, 199 Foothills Road~ Info & Reg: CLICK HERE

Thu, Nov 12, 2020 10:00AM-10:00PM – Sesame Street in Communities~Visit the Kids Page of the Lake Oswego Public Library for a weekly update of information geared toward offering resources for parents and caregiver to make a difference for kids…and you! – CLICK HERE

Fri , Nov 13, 2020: 9:30AM-10:30AM, Little Masters Art Class (Ages 2-5/in-person class w/COVID safety measures) ~ Check in every Friday for a sensory experience with a variety of mediums creating art together! CCP, 1060 Chandler Road Info & Registration : CLICK HERE

Sat , Nov 14 2020: 9:00AM-11:00AM, Stewardship Work Party at Springbrook Park ~ Help restore habitat in this 50-acre natural park Info: CLICK HERE

Sun, Oct 18, 2020– 1:00-3:00PM – Stewardship Work Party at Iron Mountain Park ~ Help restore 50 acres of treasured natural habitat. Bring a shovel, pruners, gloves and a container of water. – Iron Mountain Park, Parking: Off Glen Eagles Rd – Info & Registration: CLICK HERE

November 6, 2020November 6, 2020

Market Activity ~ Oct 26-Nov 1, 2020

Last week we saw 5 New Properties hit the market in Lake Oswego, so New Listings are slowing a bit seasonally, as is always expected. 28 properties moved to Pending status, and 25 Closed/Sold. All in all there are currently 139 properties available in Lake Oswego right now.

NEW Oct 26-Nov 1, 2020

PENDING Oct 26-Nov 1, 2020

SOLD Oct 26-Nov 1, 2020

October 24, 2020

News & Notes ~ Sept 2020 Numbers

Here is your look at the most recent data for the entire Portland area (Sept 2020) and how Lake Oswego fits in to this picture just below.

Inventory is now basically lower than its ever been. That’s a big deal. Listings have dropped substantially from August, and Pending Sales (transactions in progress) are up a whopping 36.4% over Sept 2019, which reflects how the activity locally was pushed way farther into/through the summer than is usual.

This time of year I still say “Fall is for Buyers” as Sellers are generally more willing to negotiate heading into winter, but this year it is good to be a Seller too, as there is just not much out there in terms of competition.

Rates are still very good, around 2.875 today.

According to the RMLS Market Action Report for the Portland Metro Area, Sept 2020:

There were 3,264 New Listings in Sept 2020 which decreased 5.9% from Sept of 2019’s 3,470, and decreased 16.0% over the previous month/August’s 3,885.
At 3,251, Sept 2020’s Closed Sales are up 36.8% from Sept 2019’s 2,377, and also up 3.2% from the previous month/Aug 2020’s total of 3,149
At 3,152, Sept 2020’s Pending Sales are up 17.3% from Sept 2019’s 2,686, and decreased 14.7% over the previous month/July 2020’s total of 3,697.
The Average Sale Price in Sept 2020 of $510,000 is up $51,600 from last year/Sept 2019’s $458,400, and is about the same as the previous month/Aug 2020’s $511,000. YTD increase is 5.7%.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Sept 2020 of $451,000 rose from last year/Sept 2019’s $410,000 by $41,000, and is up by $2,000 from the previous month/Aug 2020’s $449,000. YTD increase is 5.7%.

Neighborhoods: September’s Average Sale Price + 12-month Appreciation:

North Portland: $476,000 5.0% (Aug $461,800)
- YTD Median: $430,000
NE Portland: $532,100 3.3% (Aug $527,500)
- YTD Median: $450,000
SE Portland: $467,700 5.9% (Aug $487,200)
- YTD Median: $402,000
Gresham/Troutdale: $409,300 4.1% (Aug $393,900)
- YTD Median: $370,000
Milwaukie/Clackamas: $487,300 5.4% (Aug $480,800)
- YTD Median: $445,000
Oregon City/Canby: $469,700 5.0% (Aug $481,800)
- YTD Median: $439,900
Lake Oswego/West Linn:$782,600 10.4% (Aug $787,000)
- YTD Median: $637,000
West Portland: $636,600 3.4% (Aug $656,500)
- YTD Median: $545,000
NW Wash County: $600,600 4.3% (Aug $574,200)
- YTD Median: $516,500
Beaverton/Aloha: $447,000 4.1% (Aug $442,000)
- YTD Median: $415,000
Tigard/Wilsonville: $534,300 7.7% (Aug $537,900)
- YTD Median: $475,000
Hillsboro/Forest Grove: $438,300 5.6% (Aug $452,400)
- YTD Median: $407,300

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn for the month of September 2020 reported:

- 250 Active Listings (Aug 290)
- 173 New Listings (Aug 229)
- 180 Pending Sales (Aug 208)
- 191 Closed Sales (Aug 178)
- Average Sale Price for Sept: $782,600 (Aug $787,000)
  - 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.
- 45 Average Days on the Market (Aug 71)

October 23, 2020October 23, 2020

Market Activity ~ Oct 12-18, 2020

Last week we saw 11 New Properties arrive on the market, 30 move to Pending status, and 26 finalized sales move to Closed status. Hurray for all these new or soon-to-be-new Lake Oswego residents! Right now there are 156 beautiful homes available in Lake Oswego. The following is the activity per RMLS during the last week:

NEW: Oct 12-18, 2020

PENDING: Oct 12-18, 2020

SOLD: Oct 12-18, 2020