Lake Oswego Real Estate Blog
Did you know that the Lake Oswego Library offers free notary services the first and third Saturdays of each month? It does, including today. Volunteers provide the notary as a community service. It’s free.
The library is located at 706 4th St in First Addition. For more information click here.
I’ll have the market activity report up shortly. Thank you for your patience.
Dianne
There is a tendancy to shop for good value. It’s bread into us by the reality that making our dollars go further enhances our ability to invest and plan for the future. This is a good trait in people, but when it comes to home inspectors, you really do get what you pay for.
You can get a home inspection done for around $300-$400. The inspectors that I recommend charge twice that. So what’s the difference? Time, my friend. The difference is time.
The good inspectors book 1 or 2 inspections a day. The cheap inspectors book 3-4 a day. This means that in saving money you are probably hiring someone who is checking their watch and thinking that they need time to drive to the next appointment to get there on time.
You just don’t know what is going to turn up in a home inspection. Your inspector needs time to dwell on details and figure the house out. The two companies I recommend most highly are Associated Master Inspectors and Inspectek West. Both have mulitiple employees and anyone of them is terrific. In addition, AMI maintains a contractor list that is long and well vetted. Painters, asbestos abatement, electricians, you name it, they have it. For the AMI contractor list click here.
I want to assure you that I am not in kahoots with either company. I have attended many, many home inspections. I know what a good inspection looks like. In my entire career, I’ve never had a client come back to me after the sale with a horror story of something missed in the home inspection.
I also had a client a few years ago that was certain that I must be recommending people who would go easy on the house so that the sale would be more likely to happen. She hired an inspector who inspected the roof from the driveway. He did not even walk on the roof.
I want my clients to know what they are buying. If something so bad turns up that makes them change their mind about buying the house, I am happy it happened early in the process and that they didn’t buy a problem.
As always, thanks for reading the blotter,
Dianne
While a bit slower than the market when we are not in the Holiday Season, real estate continues to chug along. Last week in Lake Oswego there were 8 new listings, 17 pending sales, and 13 sold/closed transactions. That is strong activity for this time of year.
See below for RMLS data.
| Address | Type | Price | BR | Baths | Sq Ft |
| 4000 Carman Dr #92 | Condo | $349,000 | 2 | 2 | 999 |
| 16250 Pacific Hwy #75 | Condo | $355,000 | 3 | 2 | 1593 |
| 200 Burnham Rd #206 | Condo | $358,000 | 2 | 1 | 1199 |
| 4 Preakness Ct | Attached | $550,000 | 3 | 2 | 1985 |
| 8 Pheasant Run | Detached | $649,950 | 4 | 2.5 | 1845 |
| 1720 Kilkenny Dr | Detached | $685,000 | 3 | 2.5 | 1348 |
| 17617 Sydni Ct | Condo | $799,900 | 5 | 2.5 | 2634 |
| 18000 Sarah Hill Ln | Detached | $1,999,900 | 4 | 2.5 | 3280 |
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 100 Kerr Pkwy #19 | Condo | $170,000 | 1 | 1 | 617 | 52 |
| 100 Kerr Pkwy #51 | Condo | $179,000 | 1 | 1 | 617 | 7 |
| 58 Galen St | Condo | $209,900 | 2 | 1 | 689 | 25 |
| 9 Oswego Summit | Condo | $218,000 | 1 | 1 | 764 | 6 |
| 44 Eagle Crest Dr #36 | Condo | $250,000 | 2 | 1 | 903 | 3 |
| 4000 Carman Dr #81 | Condo | $289,000 | 2 | 2 | 1129 | 4 |
| 86 Kingsgate Rd E-203 | Condo | $325,000 | 2 | 2 | 924 | 3 |
| 4429 Thunder Vista Ln | Condo | $459,900 | 2 | 2.5 | 2002 | 111 |
| 1455 Hallinan St | Detached | $639,900 | 3 | 2.5 | 1325 | 5 |
| 52 Northview Ct | Attached | $649,900 | 3 | 2.5 | 2198 | 3 |
| 17347 Ashley Ct | Attached | $650,000 | 4 | 2.5 | 2117 | 34 |
| 13470 Peters Rd | Attached | $799,500 | 2 | 2.5 | 2324 | 4 |
| 5756 Ridgetop Ct | Detached | $935,000 | 4 | 3 | 3162 | 5 |
| 1011 Spruce St | Detached | $1,049,000 | 3 | 2.5 | 2101 | 4 |
| 425 Kenwood Rd | Detached | $1,090,000 | 3 | 2.5 | 3527 | 6 |
| 1500 Morning Sky Ct | Detached | $1,148,000 | 5 | 3.5 | 4402 | 107 |
| 1155 Crestline Ct | Detached | $1,995,000` | 5 | 4.5 | 7438 | 73 |
| Address | Type | List Price | Sold Price | Sq Feet | DOM |
| 4 Touchstone #78 | Condo | $224,999 | $212,000 | 1351 | 30 |
| 324 Cervantes Circle | Condo | $229,000 | $241,000 | 832 | 3 |
| 204 Cervantes Circle | Condo | $305,000 | $332,000 | 1138 | 3 |
| 5077 W Sunset Dr | Attached | $500,000 | $500,000 | 1720 | 47 |
| 4301 Lakeview Blvd | Detached | $635,000 | $617,000 | 1,223 | 19 |
| 1335 Laurel St | Detached | $850,000 | $699,000 | 1898 | 62 |
| 3225 Tempest Dr | Detached | $799,000 | $800,000 | 2231 | 12 |
| 3795 Tempest Dr | Detached | $815,000 | $860,000 | 2753 | 19 |
| 6810 Childs Rd | Detached | $950,000 | $935,000 | 3282 | 2 |
| 14145 Redwood Ct | Detached | $825,000 | $975,000 | 2519 | 5 |
| 18 Touchstone | Detached | $998,000 | $1,055,000 | 4378 | 18 |
| 17561 Lake Haven Dr | Detached | $500,000 | $1,720,000 | 3879 | 0 |
| 456 Lake Bay Ct | Detached | $1,600,000 | $1,725,000 | 2393 | 2 |
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.
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:
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)
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 |
The Lake Oswego Trolley is a favorite of mine. The trolley runs from State Street, along the Willamette River to the South waterfront in Portland. It’s a blast! One year, I packed a picnic and took my Mom for a trolley ride for her birthday.
The scenery is lovely. It meanders along through Dunthorpe ( a gorgeous neighborhood!) and has expansive views of the river. There is also a long tunnel that is pitch dark inside, except for the lights of the trolley.
This year the trolley is offering a Tinseltown experience. The event is December 10, 11, and 12. Departure times vary with 3 rides on Friday the 10th, 6 on Saturday the 11th. and 6 on Sunday the 12th. The cost is $20 for adults and $17 for youth (0-17). The trolley is decorated for the season and there is a special guest on board from the North Pole. For more details, click here.
What a fun holiday event for everyone!
Seasons greetings, and, as always, thanks for reading the blotter.
Dianne
Real estate took a back seat to Thanksgiving last week with only 4 new listings, 13 pending sales and 8 closed/sold properties.
See below for RMLS details.
| Address | Type | Price | BR | Baths | Sq Ft |
| 4083 Jefferson Pkwy | Condo | $366,900 | 2 | 2 | 1202 |
| 871 Country Club Rd | Detached | $625,000 | 3 | 1.5 | 1449 |
| 4080 Coltsfoot Ln | Detached | $899,900 | 4 | 2.5 | 2884 |
| 312 9th St | Detached | $1,650,000 | 3 | 2.5 | 2686 |
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 156 Ridgeway Rd | Condo | $429,000 | 3 | 2.5 | 1758 | 174 |
| 5077 W Sunset Dr | Attached | $500,000 | 2 | 2.5 | 1720 | 47 |
| 5020 Jean Rd | Detached | $599,000 | 3 | 2 | 1837 | 3 |
| 16989 Tualatin St | Detached | $650,000 | 3 | 2.5 | 1491 | 29 |
| 1407 Greentree Circle | Detached | $835,000 | 4 | 2.5 | 2201 | 3 |
| 5431 Bonita Rd | Detached | $859,000 | 4 | 3 | 2784 | 15 |
| 4939 Hampton Ct | Detached | $875,000 | 4 | 2.5 | 2971 | 62 |
| 365 3rd St | Attached | $899,000 | 3 | 3.5 | 2154 | 3 |
| 770 5th St | Detached | $975,000 | 3 | 3.5 | 3180 | 5 |
| 17288 Blue Heron Rd | Detached | $1,200,000 | 4 | 2.5 | 4128 | 405 |
| 14405 Pfeifer Dr | Detached | $1,250,000 | 5 | 3 | 3853 | 4 |
| 1300 Tyndall Ct | Detached | $1,299,950 | 5 | 4.5 | 3866 | 7 |
| 4247 Lords Ln | Detached | $2,275,000 | 4 | 3.5 | 3785 | 57 |
| Address | Type | List Price | Sold Price | Sq Feet | DOM |
| 5051 Foothills Dr D | Condo | $340,000 | $330,395 | 991 | 14 |
| 3433 McNary Pkwy #804 | Condo | $329,000 | $337,000 | 1136 | 3 |
| 239 Cervantes | Condo | $399,000 | $367,500 | 1100 | 48 |
| 14798 Davis Ln | Attached | $590,000 | $595,100 | 1698 | 3 |
| 32 Aquinas St | Detached | $600,000 | $657,010 | 1,596 | 2 |
| 18470 Ray Ridge Dr | Detached | $1,350,000 | $1,295,000 | 4329 | 136 |
| 18939 Palisades Lake Ct | Detached | $1,499,000 | $1,535,000 | 4570 | 34 |
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.
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 |
I once worked with a family who was being transferred from another part of the country. One of the first questions that I was asked was, does it matter what church you belong to? It was the one and only time that I’ve ever gotten that question. And it’s a fair question.
My answer was then, and still is today, no. There is no social pressure to be affliated with an organized faith group. However, there are quite a few worship options should you be inclined to want to join one.
Lake Oswego has 25 christian churches, including a Mormon Temple. There is also a Jewish Synagogue. 2 miles South of Lake Oswego is the Cambodian Buddhist Society. Within 5 miles of Lake Oswego there is a Hindu Temple and 3 more Jewish Synagogues.
I hope you find this information helpful, and, as always, thank you for reading the blotter.
Dianne
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:
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)