Market Activity ~ July 12-18, 2021

This last week there were 14 properties entering the market, 25 moving to Pending/accepted contract, and 20 that Sold/Closed. here is the latest according to RMLS:

NEW July 12-18, 2021

AddressList Price# Beds# BathsTotal SFProp Type
29 CRESTFIELD CT / Grnd$249,90022989CONDO
36 CRESTFIELD CT / Upper$295,00021921CONDO
18281 WOOD THRUSH CIR$715,00042.12240DETACHD
2697 LOOKOUT CT$720,000322219DETACHD
1430 LARCH ST$815,000332312DETACHD
4 SHERWOOD CT$825,00042.12870DETACHD
3065 ROYCE WAY$835,00042.12726DETACHD
14121 REDWOOD CT$969,90043.12827DETACHD
1535 PINE ST$1,100,00032.12390DETACHD
427 9TH ST$1,199,00053.13250DETACHD
45 NANSEN SMT$1,250,00044.15874DETACHD
12730 ADRIAN CT$1,295,00042.13014DETACHD
732 ELLIS AVE$2,350,00042.13482DETACHD
17475 BLUE HERON RD$3,995,00055.15787DETACHD

PENDING July 12-18, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
45 EAGLE CREST DR  #49$249,900221214CONDO5
163 OSWEGO SMT / Upper$285,000221506CONDO2
4041 JEFFERSON PKWY$289,00011.11060CONDO4
16250 PACIFIC HWY  #41$360,000221380CONDO20
6135 SHAKESPEARE ST$549,900421656DETACHD21
16501 LAKE FOREST BLVD$550,000311429DETACHD28
31 ORIOLE LN$569,000331968DETACHD4
17902 TAMARA AVE$569,900422082DETACHD4
6545 SW Childs RD$600,000643134DETACHD1
23 FALSTAFF ST$629,000321435DETACHD38
18811 REAO CT$639,90032.11916DETACHD7
6227 WAYZATA CT$649,99931.11232DETACHD7
5880 ROCKWOOD CT$656,500321772DETACHD2
4 PIMLICO TER$690,000322100DETACHD3
9 SPINOSA$749,00022.12250DETACHD5
1811 KILKENNY DR$758,000433794DETACHD0
17802 HILLSIDE WAY$779,80042.13026DETACHD23
759 TIMBERLINE DR$825,000432928DETACHD21
16933 GREENTREE AVE$874,90042.12276DETACHD28
3333 ROYCE WAY$949,90032.12896DETACHD7
18320 DELENKA LN$995,00042.14519DETACHD67
17649 WOODHURST PL$1,198,00054.15669DETACHD103
4210 VIRGINIA WAY$1,489,00044.13508DETACHD58
19395 HILL TOP RD$1,575,00053.24788DETACHD4
13700 FIELDING RD$4,998,00054.25802DETACHD3

SOLD July 12-18, 2021

AddressOpeningClosedBedsBathsSFProp TypeDays
23 CRESTFIELD CT / Grnd$199,000$220,00011689CONDO2
4 TOUCHSTONE  #123$215,000$225,00032.11351CONDO26
45 EAGLE CREST DR  #311$245,000$260,000221046CONDO2
4000 CARMAN DR,  E80$289,000$289,00022993CONDO28
3892 BOTTICELLI ST / Main$303,500$305,000321288CONDO4
5691 WINDFIELD LOOP$599,000$594,000321588DETACHD6
16775 WESTVIEW DR$629,000$693,000321806DETACHD4
13019 SIERRA CT$819,000$805,00042.12522DETACHD8
19001 BARTON RD$899,000$830,00042.12194DETACHD13
18343 ANDUIN TER$995,000$970,00042.13000DETACHD19
5774 BAY POINT DR$1,195,000$1,119,00052.13674DETACHD25
18711 WESTVIEW DR$1,195,000$1,200,00043.13592DETACHD6
5024 DOGWOOD DR$1,195,000$1,358,00043.13267DETACHD2
4640 DOGWOOD DR$1,550,000$1,400,000444142DETACHD9
560 4TH ST$1,449,000$1,450,00034.13186ATTACHD23
3729 ELEANOR CT$1,598,000$1,500,00044.14061DETACHD9
18031 MEADOWLARK LN$1,585,000$1,525,00043.13798DETACHD5
853 D AVE$1,950,000$1,812,50043.15137DETACHD56
1845 PALISADES TERRACE DR$3,650,000$2,990,00032.12674DETACHD17
1125 MAPLE ST$3,900,000$3,650,00043.16254DETACHD82
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.

When Looking At Houses~

  • Notice the light and assess the windows– Have they been updated? If not, that’s an investment ahead.
  • Try to ignore the staging and/or personal belongings– You’re potentially buying the house, and not these distracting things. They can, and in the case of staging, are meant to elicit emotional reactions in you. Stay focused on the house.
  • Ask about the heat source– Different heating/cooling methods can drastically change your experience of the home in both functionality and in cost to you. For instance, if the source is “Electric”, that can be more expensive if it refers to baseboard, and much less expensive if it is a mini-split system. Oil heat has its own challenges, and gas furnaces may or may not be up to the task of heating a home today, especially if its been remodeled and additional SF has been added.
  • Pay attention to how SF is presented– If a home is 2000SF, and 1000 of that is unfinished basement space, you may want to assess ahead of time if that is a home you want to view.
  • Lot size & amenitites– You have general ideas of either wanting lots of space and/or privacy, or wanting to be in a friendly “neighborhood” environment with smaller lots closer together. Each home will be different.
    • Do you have pets? If so, check out fencing and whether it’s adequate. If not, that can be fixed, but its an investment.
    • Some large lots will be set back and have minimal yard space to enjoy with most of the area in the entrance, say, or perhaps a good percentage of the lot’s SF is on a hill.
    • Some homes will be high maintenance, ie, if a home has that “falling in love” factor, and it is because of the beautiful gardens surrounding it on all sides….remember that those gardens need care- Are you a gardener? Are you OK with paying someone to maintain those grounds? Just good questions to ask yourself.
    • Some smaller lots may be set closer to the street with ample backyard space.
    • You’ll want to note whether the home has covered areas outside which can add more living space for you in the rainy months.
  • Is the flooring to your liking? – If not that can be fixed, but its an investment. On the other hand, if a home has everything you want, the price is right, and you hate carpet, flooring can likely be changed for much less than you imagine, and often for much less than it will cost you to keep looking and pay for a different home that is priced higher than the actual cost of flooring because it is called “updated” or “remodeled” in the Listing. It’s fairly common to have a flooring contractor lined up to do the flooring work the day after Closing so that your move-in timeline is only slightly affected.
  • Hate the kitchen counters? See my advice on flooring above.
  • Keep things in perspective- While many homes will just not fit the bill, in this market, it pays to really assess what is important and what can be changed to your liking with a little investment on your part after Closing. For years now Buyers have not been in the mood to make any changes and have generally been looking for “move-in-ready”. Right now, we are at historic lows in inventory and have been for many months. If you find a home that meets most of your needs and/but could use a tweak here & there, my advice is: Go for it! Consider it an opportunity to make it your own.

Market Activity ~ June 28-July 4, 2021

Even in the buildup to the Fourth of July we have strong activity. People are often holding off a bit when it comes to Listing during this week in anticipation of people being distracted over the holiday weekend, but we still had 7 Properties enter the market, with 27 Pending/Accepted Offers and 29 Sold/Closed. Right now there are 117 lovely homes available in Lake Oswego.

NEW June 28-July4, 2021

AddressList Price# Beds# BathsTotal SFProp Type
422 S STATE ST$324,997211659CONDO
162 OSWEGO SMT  #162$419,950221506CONDO
13198 PETERS RD$695,00032.12630DETACHD
18571 WAXWING WAY$810,00042.12151DETACHD
2936 SW ORCHARD HILL PL$998,00042.13419DETACHD
14002 CHELSEA DR$1,195,00042.13457DETACHD
2420 PRESTWICK RD$2,500,00063.13723DETACHD

PENDING June 28 – July 4, 2021

AddressList Price# Beds# BathsSFProp TypeDOM
153 OSWEGO SMT / Lower$269,000221677CONDO27
39 OSWEGO SMT / Grnd$269,000221212CONDO3
4000 CARMAN DR  #E80$289,00022993CONDO28
5061 FOOTHILLS DR, C$335,00022991CONDO8
210 S STATE ST  #10$515,00022.11743CONDO7
53 ORIOLE LN$549,00032.12072DETACHD17
6135 SHAKESPEARE ST$549,900421656DETACHD9
16885 FERNWOOD DR$639,500321624DETACHD4
17 CHURCHILL DOWNS$649,900431966DETACHD4
4932 MULHOLLAND DR$698,00032.12498ATTACHD54
1588 CHERRY LN$749,900322001DETACHD3
17071 REBECCA LN$775,000332288DETACHD10
605 7TH ST$775,000212035DETACHD3
1692 HIGHLAND DR$795,000432162DETACHD4
5675 VICTORIA CT$825,00032.12563DETACHD4
1874 GLENMORRIE TER$920,000333508DETACHD66
17904 CARDINAL PL$949,00032.11840DETACHD5
5697 CHARLES CIR$950,00042.13268DETACHD4
1704 GLENMORRIE TER$975,00052.14292DETACHD4
15136 GLEN EAGLES CT$1,200,00042.12607DETACHD4
13700 KNAUS RD$1,245,00032.12654DETACHD7
569 7TH ST$1,450,000443135DETACHD4
14088 GOODALL RD$1,625,00053.24441DETACHD25
301 IRON MOUNTAIN BLVD$1,649,00043.23036DETACHD2
4440 UPPER DR$1,899,00043.13583DETACHD42
17301 BERGIS FARM DR$2,199,00043.14737DETACHD69
1075 CHANDLER RD$2,699,00054.15710DETACHD40

SOLD June 28-July 4, 2021

AddressOpeningClosed # Beds# BathsSFProp TypeDOM
4 TOUCHSTONE  #118$219,900$220,00022984CONDO3
4000 CARMAN DR  #E68$255,000$262,00011836CONDO3
44 EAGLE CREST DR  #28$260,000$265,000321161CONDO2
78 GALEN ST  /  Upper$299,000$290,00022989CONDO4
3688 SPRING LN  #3D$350,000$350,000221117CONDO3
19 SUMMIT RIDGE CT$449,000$449,00022.11558ATTACHD11
6200 SHAKESPEARE ST$540,000$577,000321250DETACHD2
4771 AUBURN LN$679,000$650,00033.12183ATTACHD32
4396 GALEWOOD ST$650,000$680,00032.11672DETACHD12
1131 OXFORD DR$675,000$715,000432200DETACHD9
16441 BONAIRE AVE$679,900$750,000311677DETACHD5
4097 BUCK BRUSH LN$749,900$760,00032.12533DETACHD5
15481 TANAGER DR$725,000$768,17532.12153DETACHD3
12792 SIERRA VISTA DR$899,000$915,00042.13343DETACHD6
400 LAKE BAY CT$1,050,000$1,082,68032.11904DETACHD3
441 9TH ST$895,000$1,100,000422408DETACHD1
14175 TAYLORS CREST LN$1,095,000$1,106,000433432DETACHD4
1896 PALISADES LAKE CT$1,199,000$1,275,000433439DETACHD4
17436 KELOK RD$1,595,000$1,375,00042.13054DETACHD32
804 2ND ST$1,550,000$1,450,00052.12945DETACHD30
18224 BELLA TERRA DR$1,575,000$1,575,00043.14050DETACHD8
4484 WEST BAY RD$1,649,000$1,631,50053.14417DETACHD6
1175 CHERRY CIR$1,850,000$1,850,000656300DETACHD12
18740 GREEN BLUFF DR$1,800,000$1,850,000433645DETACHD3
7 DOVER WAY$1,899,999$1,900,00055.17803DETACHD3
1099 CHERRY CIR$1,690,000$2,110,00053.13796DETACHD5
13233 AMBER PL$1,999,000$2,150,000443913DETACHD0
2950 WEMBLEY PARK RD$2,499,000$2,499,00055.16667DETACHD3
460 BERGIS RD$5,495,000$4,321,45564.15114DETACHD569
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.

Market Activity ~ June 14-20, 2021

This last week there were a mere 9 Properties added to Lake Oswego Inventory, and 27 that moved to Pending status, while 29 Closed/Sold.

Right now there are 101 Beautiful Homes to choose from in Lake Oswego!

NEW June 14-20, 2021

AddressList Price# Beds# BathsTotal SFProp Type
14425 HOLLY SPRINGS RD$770,000532238CONDO
1724 FERN PL$950,000332160DETACHD
15776 INVERURIE RD$1,095,000322352DETACHD
13207 DEERFIELD CT$1,175,00043.13801DETACHD
5933 SUNCREEK DR$1,250,00043.24027DETACHD
7 NANSEN SMT$1,499,00044.15640DETACHD
1687 VILLAGE PARK LN$1,500,000433362DETACHD
16743 SW Pacific Highway$2,195,00043.14340DETACHD
420 RIDGEWAY RD$4,250,000443505DETACHD

PENDING June 14-20, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
4 TOUCHSTONE, #68$219,00022984CONDO58
4 TOUCHSTONE, #118$219,90022984CONDO3
4000 CARMAN DR  B27$269,00022869CONDO2
16250 PACIFIC HWY, #48$345,000221305CONDO5
5225 JEAN RD, #203$359,900321400CONDO7
1 EAGLE CREST DR$549,000321290DETACHD4
5691 WINDFIELD LOOP$599,000321588DETACHD6
38 NORTHVIEW CT$638,900443125ATTACHD324
4124 HARVEY WAY$649,900321410DETACHD22
1701 ASPEN CT$663,800321956DETACHD5
2604 GLEN HAVEN RD$729,900422104DETACHD3
15518 HERITAGE CT$820,00043.12885DETACHD4
5760 MERIDIAN CT$850,00042.12504DETACHD5
491 COUNTRY CLUB RD$865,000422486DETACHD46
441 9TH ST$895,000422408DETACHD1
17343 BROOKHURST DR$949,90042.13488DETACHD4
5455 LANGFORD LN$999,90042.13398DETACHD35
18711 WESTVIEW DR$1,195,00043.13592DETACHD6
14511 PFEIFER DR$1,250,00042.13422DETACHD6
16200 WALUGA DR$1,450,00053.13375DETACHD4
18031 MEADOWLARK LN$1,525,00043.13798DETACHD5
4502 LAMONT WAY$1,695,000443880DETACHD22
3140 DOUGLAS CIR$1,799,97143.14333DETACHD5
3250 UPPER DR$1,875,00044.14058DETACHD1
18783 STAFFORD RD$1,995,00054.25757DETACHD147
168 PINE VALLEY RD$1,995,00054.14906DETACHD7
1475 CHANDLER RD$3,200,00054.14515DETACHD0

SOLD June 14-20, 2021

AddressOpeningClosed # Beds# BathsTotal SFProp TypeCDOM
16200 PACIFIC HWY  #21$419,900$420,000221190CONDO5
16200 PACIFIC HWY  #4$490,000$430,000221190CONDO68
14392 SHERBROOK PL$515,000$558,00032.12133DETACHD4
3388 EDGEMONT RD$595,000$600,00032.12019DETACHD5
16873 CANYON DR$648,000$635,00032.11879DETACHD0
1865 GREENTREE RD$699,000$680,000421960DETACHD6
13413 AUBURN CT$689,000$689,00043.12822ATTACHD3
1858 SOUTHSHORE BLVD$650,000$710,000422097DETACHD56
16915 GREENTREE AVE$759,000$710,000332791DETACHD7
14 MORNINGVIEW CIR$689,900$715,00043.12728DETACHD19
17380 MARJORIE AVE$675,000$750,000421810DETACHD3
5546 ROYAL OAKS DR$759,000$770,000321920DETACHD23
2911 SW ORCHARD HILL PL$795,000$782,00043.13740DETACHD37
1244 HALLINAN CIR$775,000$885,000432485DETACHD5
4188 COBB WAY$825,000$910,000432586DETACHD5
5747 VICTORIA CT$810,000$925,00042.12432DETACHD2
1982 WEMBLEY PARK RD$975,000$925,000544561DETACHD15
2740 GLEN HAVEN RD$699,900$950,00032.11612DETACHD3
340 8TH ST$875,000$954,000322146DETACHD4
4471 West RD, Lot 4$1,125,000$1,200,181433885DETACHD10
3610 PIPER CT$1,300,000$1,225,00043.13976DETACHD60
5795 DOGWOOD DR$1,285,000$1,265,00042.13420DETACHD4
5800 SEVILLE AVE$1,299,000$1,310,000443912DETACHD12
755 5TH ST$1,375,000$1,422,50043.13001DETACHD4
3933 EDENS EDGE DR$1,450,000$1,450,00043.14436DETACHD35
137 FURNACE ST / Upper$1,479,000$1,485,000321927CONDO3
1640 COUNTRY CMNS$1,635,000$1,635,00044.15343DETACHD0
445 NORTHSHORE RD$3,198,000$3,110,00033.12908DETACHD2
1730 NORTHSHORE RD$4,295,000$4,192,50043.14173DETACHD3
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.

News & Notes ~ May 2021 Numbers

Here is your look at the latest numbers as released by RMLS for the overall Portland area and how Lake Oswego fits in just below.

Overview/Fluctuations ~  Market Data May 2021:    

                                                                                        

The stats show New Listings dropped a bit (2.3%) in May from April, and/but Accepted Offers rose at the same time by 8%.

Just when we think record lows in Inventory can’t get any lower, they do.  May took us down to 0.7 months of available housing.

Rates are still attractive hovering around 3.125%. Best to get out and get active if you are planning to, given that the Fed indicated last week that they’d be raising rates sooner than previously expected.

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

  • There were 3,971 New Listings in May2021 increased 16.1% over April 2020’s 3,419 and decreased 2.3% from the previous month/April’s 4,065.
  • At 3,183, May 2021’s Closed Sales are up 62.1% from May 2020’s 1,963, and also up 8.0% from the previous month/April’s total of 2,946
  • At 3,717, May 2021’s Pending Sales increased 19.4% from May2020’s 3,112, and also rose 9.3% from the previous month/April’s total of 3,400.
  • The Average Sale Price in May2021 of $582,200 is up $114,700 from last year/April 2020’s $467,500, and up $24,300. from the previous month/April’s $557,900.   
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in May 2021 of $515,000 rose $90,000 from last year/May 2020’s $425,000, and also increased $15,000 from the previous month/April’s $500,000.

LAKE OSWEGO:

  • 129 Active Listings (Apr 123)
  • 222 New Listings    (Apr 255)
  • 223 Pending Sales (Apr 218)
  • 199 Closed Sales    (Apr 142)
  • Average Sale Price for May: $928,300  (Apr $818,300)
    • 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.
  •  28 Average Days on the Market   (Apr 33)

Market Activity June 7-13, 2021

The weather is glorious and so is real estate in Lake Oswego. Last we we had 18 new listings, 24 properties move into pending status, and 22 closed sales. Of the 22 closed sales, just 3 sold for less than the asking price and most sold for significantly more that the asking price

See below for RMLS details

New Listings June 7-13, 2021

AddressTypePriceBRBathsSq Ft
16250 Pacific Hwy #48Condo$345,000221305
5225 Jean Rd #203Condo$359,900321400
750 1st St A10Condo$495,000221350
23 Falstaff StDetached$649,000321435
5 Becket StDetached$685,00042.53654
16624 RooseveltDetached$699,900322802
1959 Wembley PlDetached$745,000432128
16972 Greentree AveDetached$1,100,000432812
18711 Westview DrDetached$1,195,00043.53592
14511 Pfeifer DrDetached$1,250,00042.53422
18470 Ray Ridge DrDetached$1,499,00042.53902
18031 Meadowlark LnDetached$1,525,00043.53798
14088 Goodall RdDetached$1,625,00053.5+.54441
791 4th StDetached$1,675,000321568
3140 Douglas CircleDetached$1,799,97143.54333
1900 Northshore RdDetached$2,995,000533013
2088 Crest DrDetached$6,995,00046.58259
1226 Northshore RdDetached$7,000,00045.56330

Pending Sales June 7-13, 2021

AddressTypePriceBRBathsSq FtCDOM
4619 Lakeview BlvdCondo$205,000117538
4 Touchstone #123Condo$215,00032.5135126
4 Touchstone #124Condo$239,00032.5135122
45 Eagle Crest Dr #311Condo$245,0002210462
45 Eagle Crest Dr #28Condo$260,0003211612
19 Summit Ridge CtAttached$449,00022.5155811
5616 Childs RdDetached$495,0003112322
2710 SW Orchard Hill LnDetached$611,9003220874
20 PreaknessAttached$625,0003217905
16775 Westview DrDetached$629,0003218064
5357 Lakeview BlvdDetached$649,90042.518944
4771 Auburn LnAttached$679,00033.5218332
3 SpinosaDetached$755,00033261523
13041 Thoma RdDetached$770,00032.524184
13431 Vermeer DrDetached$774,50042.527012
9 Preakness CtDetached$849,9004337504
19001 Barton RdDetached$899,00042.5219413
1585 Patton RdDetached$915,0004333313
3250 Westview CtDetached$1,115,00053.53928208
18635 Westview DrDetached$1,150,0004551022
5774 Bay Point DrDetached$1,165,00052.5367425
5024 Dogwood DrDetached$1,195,00043.5326725
4640 Dogwood DrDetached$1,500,0004441429
13217 Amber Pl #1Detached$2,000,00043.53861474

Sold/Closed Sales June 7-13, 2021

AddressTypeList PriceSold PriceSq FtCDOM
49 Oswego SummitCondo$215,000$232,0007213
750 1st St E 28Condo$245,000$250,00090231
225 Cervantes Condo$319,000$319,000121621
3950 Carman DrCondo$345,000$400,00011013
1335 Laurel StDetached$529,000$571,00012483
338 Laurel StDetached$529,000$571,00013464
1127 Cedar StDetached$539,900$575,00018484
5785 Carman DrDetached$599,900$610,00019342
3722 Eleanor CtDetached$575,000$636,00011821
2633 SW Orchard Hill LnDetached$595,000$640,00021365
17473 Schalit WayDetached$619,900$662,2001,8124
5717 Langford LnDetached$675,000$685,0001800$4
18634 Bryant RdDetached$775,000$720,000285832
1401 Aspen StDetached$749,950$785,00028506
100 Leonard St 4-1Condo$965,000$950,00030215
13209 Twin Creek CtDetached$888,000$950,00030215
524 Weidman CtDetached$950,000$980,00034508
5737 Charles CircleDetached$899,000$1,025,00030884
69 Nansen SummitDetached$985,000$1,085,00031855
13906 Taylors Crest LnDetached$1,250,000$1,399,88838564
18262 Meadowlark LnDetached$1,799,000$1,725,000475740
584 Ridgeway RdDetached$4,398,000$4,398,00049963

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.

This Week in Lake Oswego

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

Mon, June 14, 2021 – 8:00AM-9:00PMStory Line Recordings~ Listen to poetry and short stories anytime! dial 503-636-7628 and press 6 More Info:  CLICK HERE

Tues, June 15, 2021 – 4:00-5:00PMCook the Books! ~ Meet online every Tuesday with Librarians Shannon & Alicia to eat and talk about food & recipes.- More Info & Registration:  CLICK HERE

Wed, June 16, 2021 – 4:00-6:00PMParks Board Meeting~ This meeting has been scheduled since COVID via Webex. Want input on our treasured parks & recreation facilities & activities & how we move forward? Join in!- More Info & Registration + Agenda Links:  CLICK HERE

Thurs, June 17, 2021 – 7:00-8:30PMTrivia Night!!!~ Join your hosts, Chris and Carissa for some fun together online. Its around 90 minutes & its like pub trivia…but you’re not in a pub! Bring your own drinks & snacks & enjoy.- More Info & Registration:  CLICK HERE

Fri, June 18, 2021 – This is a first!! There are NO events scheduled in Lake Oswego. So… the weather should be awesome. Take a stroll in George Rogers Park, or at Luscher Farm or along the trails in Tryon…or sit & have a picnic at the waterfront or Millennium Plaza Park : )

Sat, June 19, 2021 – 8:30AM-1:30PMLake Oswego Farmers Market –  Peruse the cream of the crop in every category of local lusciousness at Millennium Plaza Park- More Info :  CLICK HERE

Sun, June 20, 2021 – All DayFathers Day!~ Get out there and do something with your Dad, or the Dad (or closest thing to one) in your Life. Preferably something they like to do ; ) If your Dad is gone, I’ll join you in remembering him with Love and doing something that I (you) know he would enjoy.

Market Activity ~ May 31-June 6, 2021

Last week we saw 15 homes enter the market, 28 move to Pending/Accepted Offer status, and 35 Closed/Sold. Right now there are 104 beautiful properties to choose from in Lake Oswego!

NEW May 31-June 6, 2021

AddressList Price# Beds# BathsTotal SFProp Type
47 EAGLE CREST DR  #54$186,00011672CONDO
4619 LAKEVIEW BLVD / Grnd$205,00011753CONDO
153 OSWEGO SMT/Lower$279,990221677CONDO
482 S STATE ST / 3B$385,000211659CONDO
19 SUMMIT RIDGE CT$449,00022.11558ATTACHD
156 RIDGEWAY RD$450,00032.11805CONDO
5051 TUALATA LN$714,900421581DETACHD
7 MOUNTAIN VIEW LN$850,00052.13324DETACHD
3830 TEMPEST DR$999,995433099DETACHD
12975 SW ELK ROCK RD$1,499,00053.14569DETACHD
4640 DOGWOOD DR$1,500,000444142DETACHD
2023 RIDGEWOOD RD$1,500,00042.14340DETACHD
3729 ELEANOR CT$1,598,00044.14061DETACHD
17575 S CRESTLINE DR$3,500,00054.27496DETACHD
1777 SKYLAND DR$3,700,00043.14871DETACHD

PENDING May 31-June 6, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
4000 CARMAN DR, E68$255,00011836CONDO3
4000 CARMAN DR, E80$289,00022993CONDO1
15438 SW STEPHANIE CT$469,98732.11627ATTACHD6
6200 SHAKESPEARE ST$540,000321250DETACHD2
4124 HARVEY WAY$649,900321410DETACHD7
14417 ORCHARD SPRINGS RD$649,99942.11968DETACHD22
4396 GALEWOOD ST$650,00032.11672DETACHD12
17310 CANYON DR$750,000532716DETACHD3
33 DA VINCI ST$760,000532560DETACHD4
1455 NELSON CT$835,00042.12210DETACHD2
340 8TH ST$875,000322146DETACHD4
663 CARRERA LN$899,000322356DETACHD1
17144 WARREN CT$920,00042.12778DETACHD18
18768 WOOD DUCK ST$925,000433016DETACHD4
18343 ANDUIN TER$970,00042.13000DETACHD19
4137 ORCHARD WAY$975,00052.13680DETACHD2
2011 RIDGEWOOD LN$999,90053.13115DETACHD3
4379 SNOWBRUSH CT$1,050,000433596DETACHD2
19229 35TH PL$1,100,00053.14764DETACHD113
5800 SEVILLE AVE$1,299,000443912DETACHD12
19305 HILL TOP RD$1,375,00043.15116DETACHD277
4390 SUNSET DR$1,399,00042.13035DETACHD1
640 9TH ST$1,450,000433321DETACHD5
858 10TH ST$1,650,00032.12410DETACHD6
1099 CHERRY CIR$1,690,00053.13796DETACHD5
4440 UPPER DR$1,899,00043.13583DETACHD16
2112 GOODALL CT$2,100,000434078DETACHD4
2254 KNAUS RD$4,125,00045.17436DETACHD46

SOLD May 31-June 6, 2021

AddressOpening PriceClosed Price# Beds# BathsTotal SFProp TypeDOM
4 TOUCHSTONE  #87$205,000$190,00022984CON217
147 OSWEGO SMT/Upper$232,000$251,000221140CON3
3668 SPRING LN  #4B$320,000$385,000221117CON4
5221 TREE ST$525,000$555,00031924DET3
10 ORIOLE LN$500,000$572,500321502DET5
17 LAUREL ST$599,000$599,00031.13096DET6
1033 SPRUCE ST$745,000$725,00022.11638DET12
2734 SW ORCHARD HILL LN$720,000$785,50042.12816DET4
17944 RIDGE LAKE DR$775,000$802,50042.12525DET3
5110 ROSEWOOD ST$800,000$840,00032.12464DET5
1118 ANDREWS RD$849,000$849,000322182DET3
4350 UPPER DR$875,000$855,000321717DET18
17043 CRESTVIEW DR$799,900$895,00042.12303DET4
17787 BLUE HERON DR$895,000$896,500432519DET9
324 LAKEWOOD RD$928,000$928,250221383DET10
30 HILLSHIRE DR$950,000$950,00042.13887DET2
2376 FERNWOOD CIR$849,900$950,625422094DET5
1768 GLENMORRIE DR$978,000$988,000332904DET2
1920 Park Forest AVE$1,125,000$1,050,000332679DET19
4145 CHAD DR$1,050,000$1,055,00042.13360DET9
13348 FIELDING RD$1,070,550$1,070,55031.12068DET1
5633 GRAND OAKS DR$950,000$1,075,00042.13156DET4
2357 HILLSIDE LN$1,195,000$1,195,000534162DET5
56 WILBUR ST$1,225,000$1,200,00033.13600CON7
5665 GRAND OAKS DR$1,025,000$1,220,000534226DET3
127 FURNACE ST/Upper$1,349,000$1,349,00022.12016CON7
3931 BASS LN$1,365,000$1,365,00054.14284DET2
3119 WEMBLEY PARK RD$1,385,000$1,465,00043.13688DET2
3423 LAKE GROVE AVE$1,695,000$1,650,00043.14721DET25
1799 ATHERTON DR$1,669,000$1,669,00045.16280DET37
18639 PILKINGTON RD$1,675,000$1,675,000444281DET7
19342 LORNA LN$1,685,000$1,685,00043.14375DET2
17432 KELOK RD$1,595,000$1,710,00032.13023DET3
165 PINE VALLEY RD$2,350,000$2,350,000444067DET0
1775 SOUTHSHORE BLVD$4,950,000$4,512,00035.15401DET0

Market Activity ~ May 17-23, 2021

This week’s report shows 14 New properties hitting the market, 33 moving to Pending status (accepted Offers) and 25 Sold/Closed in Lake Oswego.

Right now there are 93 properties available in this little hamlet so close to downtown Portland & the Willamette River & central to both east & west surrounding Portland areas.

NEW May 17-23, 2021

AddressList Price# Beds# BathsTotal SFProp Type
43 GREENRIDGE CT$425,00031.11652ATTACHD
12572 BOONES FERRY RD$579,000421577DETACHD
4396 GALEWOOD ST$650,00032.11672DETACHD
1131 OXFORD DR$675,000432200DETACHD
5071 TUALATA LN$675,000331540DETACHD
15481 TANAGER DR$725,00032.12153DETACHD
1015 SOUTH SHORE BLVD$1,089,000433882DETACHD
5800 SEVILLE AVE$1,299,000443912DETACHD
18336 WESTVIEW DR$1,395,000444921DETACHD
4210 VIRGINIA WAY$1,549,00044.13508DETACHD
18224 BELLA TERRA DR$1,575,00043.14050DETACHD
4440 UPPER DR$1,899,00043.13583DETACHD
1978 EGAN WAY$2,198,00045.26761DETACHD
14500 UPLANDS DR$2,495,00054.25544DETACHD

PENDING May 17-23, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
4 TOUCHSTONE   #69$220,00032.11351CONDO3
47 EAGLE CREST DR   #63$235,00021830CONDO4
750 1ST ST   E28$245,00011902CONDO31
137 OSWEGO SMT / Upper$269,500221212CONDO5
3882 BOTTICELLI ST / Main$289,000321224CONDO20
3892 BOTTICELLI ST / Main$303,500321288CONDO4
3950 CARMAN DR / Grnd$345,00022.11101CONDO3
1335 LAUREL ST$350,000211248DETACHD3
4320 BOTTICELLI ST   #11$379,99522.22098ATTACHD13
16200 PACIFIC HWY   #21$419,900221190CONDO5
14392 SHERBROOK PL$515,00032.12133DETACHD4
338 LAUREL ST$529,000321346DETACHD4
2991 GLEN HAVEN RD$650,000432560DETACHD5
14 MORNINGVIEW CIR$699,90043.12728DETACHD19
2740 GLEN HAVEN RD$699,90032.11612DETACHD3
19419 TUALAMERE AVE$749,000322068DETACHD9
16915 GREENTREE AVE$759,000332791DETACHD7
1244 HALLINAN CIR$775,000432485DETACHD5
3061 WESTVIEW CT$799,000433396DETACHD36
5747 VICTORIA CT$810,00042.12432DETACHD2
5737 CHARLES CIR$899,00042.13088DETACHD4
17144 WARREN CT$920,00042.12778DETACHD6
69 Nansen Summit$985,00032.13185DETACHD5
2002 CEDAR CT$1,079,000322945DETACHD6
14175 TAYLORS CREST LN$1,095,000433432DETACHD4
56 WILBUR ST$1,225,00033.13600ATTACHD7
138 DEL PRADO ST$1,425,000544500DETACHD3
4484 WEST BAY RD$1,649,00053.14417DETACHD6
16315 CHAPIN WAY$1,795,00043.13478DETACHD4
18740 GREEN BLUFF DR$1,800,000433645DETACHD3
7 DOVER WAY$1,899,99955.17803DETACHD3
1845 PALISADES TERRACE DR$3,650,00032.12674DETACHD17
1125 MAPLE ST$3,900,00043.16254DETACHD82

SOLD May 17-23, 2021

AddressOpening PriceClosed Price# Beds# BathsTotal SFProp TypeCDOM
82 GALEN ST / Upper$199,500$210,00010.1690CONDO2
5059 FOOTHILLS DR  E$312,000$338,00022989CONDO10
54 GREENRIDGE CT$429,000$440,000321596CONDO7
5509 BONITA RD$449,900$560,000322000DETACHD3
76 GREENRIDGE CT$674,900$632,68543.12868ATTACHD28
19061 REDWING CT$700,000$740,000321611DETACHD4
769 6TH ST$652,000$768,00021720DETACHD2
1002 HEMLOCK ST$725,000$775,00032.11950DETACHD4
1710 YARMOUTH CIR$769,000$780,000221540DETACHD2
1225 Hallinan ST$724,900$788,00032.11819DETACHD6
19233 INDIAN SPRINGS RD$799,950$799,95044.13423DETACHD11
10 YORICK ST$925,000$915,00053.14023DETACHD19
1007 HEMLOCK ST$899,000$963,00032.11930DETACHD3
17167 CEDAR RD$880,000$984,000322673DETACHD3
16126 SW INVERURIE RD$899,000$988,00042.12492DETACHD5
12624 SW 22ND AVE$945,000$1,010,00043.13665DETACHD4
19201 MAREE CT$1,300,000$1,250,00052.14290DETACHD27
1891 PALISADES LAKE CT$1,425,000$1,400,00044.15389DETACHD193
13311 LESLIE CT$1,540,000$1,540,000555596DETACHD0
784 6TH ST$1,625,000$1,625,000433200DETACHD5
822 6TH ST$1,444,900$1,650,000432920DETACHD3
13613 PROVINCIAL HILL WAY$1,550,000$1,675,00063.14534DETACHD4
6 DOVER WAY$1,795,000$1,700,00043.14499DETACHD9
15400 DIAMOND HEAD RD$2,100,000$2,050,00043.13358DETACHD1
15780 TWIN FIR RD$2,975,000$2,825,00044.14270DETACHD44
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.

News & Notes April 2021 Numbers

Here is your wider Portland Market Report according to RMLS data, with overall Neighborhood changes and Lake Oswego data broken out below.

Overview/Fluctuations ~  Market Data April 2021:                                                      

Record low Inventory continues.  Competition is heavy and/but anecdotally the grapevine says more properties are starting to show up now in May, and I’m seeing & hearing about more Offers accepted at or nearer asking price.  The numbers will tell next month when we look at May’s totals, but that is the buzz. Mortgage rates are still great. The latest, though it varies on a daily basis and from individual to individual, is 3.25-3.35% on a 30-year Conventional loan w/a 700 credit score & 20% down.

  • There were 4,065 New Listings in April 2021 increased 42.8% over April 2020’s 2,487 and increased 17.3% from the previous month/March’s 3,465.
  • At 2,946, April 2021’s Closed Sales are up 46.2% from April 2020’s 2,015, and also up 15.3% from the previous month/March’s total of 2,556
  • At 3,400, April 2021’s Pending Sales increased 66.6% from April 2020’s 2,041, and also jumped up by 1.6% from the previous month/March’s total of 3,346.
  • The Average Sale Price in April 2021 of $557,900 is up $80,500 from last year/April 2020’s $477,400, and up $3,600. from the previous month/March’s $554,300.   
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in April 2021 of $500,000 rose $76,000 from last year/April 2020’s $424,000, and also increased $12,000 from the previous month/March’s $488,000.

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

LAKE OSWEGO

The combined areas of Lake Oswego and West Linn for the month of April 2021 reported:

  • 123 Active Listings (Mar 112)
  • 255 New Listings    (Mar 188)
  • 218 Pending Sales (Mar 156)
  • 142 Closed Sales    (Mar 112)
  • Average Sale Price for Apr: $818,300  (Mar $944,100)
    • 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.
  •  33 Average Days on the Market   (Mar 77)