Living in Lake Oswego Archives - Page 6 of 128

April 18, 2021April 18, 2021

News & Notes ~ March 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 March 2021:

Low Inventory continues to be the driver of competition in the greater Portland area where we see price increases in most neighborhoods/areas from the prior month & all areas increasing over 2020. (See below for breakdown). Comparing 2021 to the same period in 2020 thru March, Overall Average Price has increased 16.6% and Median Price 14.9%.

My trusted Mortgage Advisors say Mortgage rates are hovering around 3.125%. This rate varies and can be reduced with a buy-down, or affected by individual qualifiers. I’m happy to connect you with someone to discuss your particular situation.

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

There were 3,465 New Listings in March 2021 decreased only slightly at 0.1% from March 2020’s 3,468 and increased 40.1% from the previous month/February’s 2,474.
At 2,556, March 2021’s Closed Sales are up 8.5% from March 2020’s 2,356, and also up 29.2% from the previous month/February’s total of 1,978
At 3,346, March 2021’s Pending Sales increased 42.6% from March 2020’s 2,347, and also jumped up by 51.5% from the previous month/February’s total of 2,208.
The Average Sale Price in March 2021 of $554,300 is up $88,800 from last year/March2020’s $465,500, and up $12,300. from the previous month/February’s $542,000.
The “Median” Sale Price (the price smack dab in the middle of all sales) in March 2021 of $488,000 rose $63,000 from last year/March 2020’s $425,000, and also increased $8,900 from the previous month/February’s $479,100.

LAKE OSWEGO

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

112 Active Listings (Feb 82)
188 New Listings (Feb 97)
156 Pending Sales (Feb 92)
112 Closed Sales (Feb 92)
Average Sale Price for Mar: $944,100 (Feb $876,900)
- 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.
77 Average Days on the Market (Feb 77)

April 15, 2021April 15, 2021

Market Activity ~ April 5-11, 2021

NEW April 5-11, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
526 S State ST 5A	$314,950	2	1	914	CONDO
225 CERVANTES	$319,000	2	1.1	1216	CONDO
3101 MCNARY PKWY #6	$399,900	3	2.1	1532	CONDO
76 GREENRIDGE CT	$674,900	4	3.1	2868	ATTACHD
16041 WALUGA DR	$679,000	4	2	1982	DETACHD
9 FALSTAFF ST	$759,000	4	2.1	2436	DETACHD
18634 Bryant RD	$775,000	3	2.1	2858	DETACHD
19233 INDIAN SPRINGS RD	$799,950	4	4.1	3423	DETACHD
537 COUNTRY CLUB RD	$849,000	3	2	1901	DETACHD
100 LEONARD ST, Upper Lvl	$965,000	3	2.1	2482	CONDO
524 WEIDMAN CT	$979,000	4	2.1	3450	DETACHD
6 DOVER WAY	$1,795,000	4	3.1	4499	DETACHD
17979 S CRESTLINE DR	$3,045,000	4	3	4858	DETACHD

PENDING April 5-11, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
366 CERVANTES CIR	$210,000	2	1	832	CONDO	2
4 TOUCHSTONE #82	$258,000	3	2.1	1351	CONDO	238
5840 SW BURMA RD	$475,000	3	1.1	1632	DETACHD	47
19255 BENFIELD AVE	$499,000	3	2	1840	DETACHD	36
5720 KENNY ST	$499,900	3	2	1416	DETACHD	3
19242 TERRY AVE	$619,900	4	2	1872	DETACHD	2
143 DEL PRADO ST	$621,500	3	2	1907	DETACHD	0
17 ABELARD ST	$650,000	3	2	2122	DETACHD	2
4688 OAKRIDGE RD	$675,000	3	2	1788	DETACHD	17
17608 SYDNI CT	$675,000	4	2.1	2466	ATTACHD	19
5316 LOWER DR	$699,000	3	2.1	2016	DETACHD	15
1268 HIDE A WAY CT	$759,900	4	2.1	2423	DETACHD	6
115 FURNACE ST 2N	$819,000	2	2.1	1885	CONDO	30
5 Mountain View LN	$849,000	5	3.1	3850	DETACHD	61
672 1ST ST	$850,000	2	2.1	1986	CONDO	4
12793 SIERRA VISTA DR	$899,900	4	3.1	3650	DETACHD	3
10 YORICK ST	$925,000	5	3.1	4023	DETACHD	19
1515 CHERRY LN	$925,000	5	3.1	4699	DETACHD	4
12624 SW 22ND AVE	$945,000	4	3.1	3665	DETACHD	4
5544 KILCHURN AVE	$995,000	4	2.1	3308	DETACHD	4
115 ASH ST	$1,025,000	4	3	4469	DETACHD	7
18041 CARDINAL DR	$1,095,000	3	2.1	1950	DETACHD	1
1061 YATES ST	$1,100,000	4	3.1	2899	DETACHD	14
4431 BERNARD ST	$1,149,000	4	3	2840	DETACHD	23
486 LAKE BAY CT	$1,150,000	3	2	1603	DETACHD	4
1255 Bickner ST	$1,199,000	4	2.1	2764	DETACHD	58
18958 BRYANT RD	$1,199,900	4	2.1	3178	DETACHD	13
1992 PALISADES TERRACE DR	$1,250,000	5	3.1	4140	DETACHD	7
13613 PROVINCIAL HILL WAY	$1,550,000	6	3.1	4534	DETACHD	4
15400 DIAMOND HEAD RD	$2,100,000	4	3.1	3358	DETACHD	1
95 IRON MOUNTAIN BLVD	$2,195,000	5	4.1	5710	DETACHD	184
15780 TWIN FIR RD	$2,769,900	4	4.1	4270	DETACHD	44

SOLD April 5-11, 2021`

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
47 EAGLE CREST DR #43	$209,500	$212,000	2	1	1017	CONDO	3
4000 CARMAN DR G101	$248,900	$260,000	2	2	869	CONDO	4
4644 LOWER DR, Upper Lvl	$260,000	$285,000	2	1.1	1170	CONDO	5
578 2ND ST	$539,900	$539,900	2	2.1	1361	PLNCOMM	6
853 E AVE	$650,000	$650,000	2	1	750	DETACHD	6
2679 GLEN EAGLES RD	$729,900	$702,000	3	3	2378	DETACHD	277
18975 OLSON AVE	$600,000	$736,000	6	3	3569	DETACHD	5
33 TOUCHSTONE	$699,900	$770,000	5	4	3854	DETACHD	5
4749 BLACK FOREST CT	$715,000	$775,000	4	2.1	2255	DETACHD	5
5796 BAY POINT DR	$775,000	$843,000	4	2.1	2399	DETACHD	2
16631 FORD PL	$899,900	$920,000	4	2.1	3180	DETACHD	4
4184 VIRGINIA WAY	$849,900	$976,000	4	2	1700	DETACHD	5
2240 RIDGEWOOD RD	$939,000	$1,075,000	4	3.1	2777	DETACHD	2
100 GARIBALDI ST	$1,175,000	$1,210,000	5	3.2	4572	DETACHD	3
15420 BOONES WAY	$1,345,000	$1,325,000	3	2.1	3364	ATTACHD	43
419 7TH ST	$1,350,000	$1,350,000	4	2.1	2813	DETACHD	11
17010 Canal CIR	$1,595,000	$1,665,000	4	3.1	3746	DETACHD
1947 Summit DR	$1,795,000	$1,716,000	4	5.1	5570	DETACHD	150
16655 MAPLE CIR	$3,498,000	$3,170,000	3	3.1	3100	DETACHD	0

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.

April 3, 2021September 11, 2022

Market Activity ~ March 22-28, 2021

Last week, Lake Oswego had 8 properties enter the market, 22 move to Pending status, and 18 Close. Currently there are 74 lovely homes available on the market!

The following is the activity according to RMLS:

NEW March 22-28, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
5316 LOWER DR	$699,000	3	2.1	2016	DETACHD
282 ASH ST	$780,000	4	2.1	2791	DETACHD
4750 UPPER DR	$1,149,000	5	3.1	3091	DETACHD
885 10TH ST	$1,150,000	4	2.1	2633	DETACHD
18958 BRYANT RD	$1,199,900	4	2.1	3178	DETACHD
2065 RIDGE POINTE DR	$1,495,000	5	4	4790	DETACHD
16847 GREENBRIER RD	$2,700,000	3	2.1	2360	DETACHD
1745 SOUTHSHORE BLVD	$3,495,000	4	4.1	5545	DETACHD

PENDING March 22-28, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
47 EAGLE CREST DR, #51	$180,000	1	1	670	CONDO	13
22 OSWEGO SMT / Grnd	$189,900	1	1	764	CONDO	2
125 OSWEGO SMT / Lower	$198,000	1	1	764	CONDO	3
6310 BURMA RD	$499,000	3	1.1	1052	DETACHD	7
4185 CHILDS RD	$535,000	3	1.1	1175	DETACHD	5
4555 WILDWOOD ST	$650,000	3	2	1565	DETACHD	6
4917 MULHOLLAND DR	$678,000	2	2.1	2403	ATTACHD	10
33 TOUCHSTONE	$699,900	5	4	3854	DETACHD	5
28 MORNINGVIEW CIR	$730,000	3	3.1	2895	DETACHD	15
692 2ND ST	$759,900	3	1	2140	DETACHD	17
2941 SW ORCHARD HILL PL	$784,900	5	3.1	3446	DETACHD	4
545 RIDGEWAY RD	$818,000	3	2.1	2110	DETACHD	3
2552 PALISADES CREST DR	$975,000	4	2.1	3176	DETACHD	12
19230 BRYANT RD	$1,060,000	8	4.5	3441	DETACHD	289
144 LEONARD ST	$1,279,000	4	3.1	3552	DETACHD	6
15003 TWIN FIR RD	$1,295,000	4	3.1	2941	DETACHD	7
19305 HILL TOP RD	$1,375,000	4	3.1	5116	DETACHD	208
17990 RIDGE LAKE DR	$1,445,000	5	3.1	3897	DETACHD	21
1799 ATHERTON DR	$1,629,000	5	5.1	6280	DETACHD	10
13217 AMBER PL, #1	$1,849,000	4	3.1	3861	DETACHD	402
16777 PHANTOM BLUFF CT	$1,995,000	4	2.2	5045	DETACHD	14
1300 FOREST MEADOWS WAY	$4,098,000	5	4.2	5974	DETACHD	46

SOLD March 22-28, 2021

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
5057 FOOTHILLS DR / Upper	$335,000	$345,000	2	2	1252	CONDO	3
72 GREENRIDGE CT	$425,000	$425,000	3	3	1824	ATTACHD	3
1790 CONIFER DR	$539,000	$520,000	2	1	1003	DETACHD	13
5091 TUALATA LN	$625,000	$702,500	3	2	1500	DETACHD	6
5172 GREENSBOROUGH CT	$739,000	$724,000	4	2.1	2184	DETACHD	102
2 MOZARTEUM CT	$744,900	$780,000	4	2.1	2192	DETACHD	5
18018 GIMLEY CT	$820,000	$859,000	4	3	3637	DETACHD	2
13983 WESTCOTT CT	$898,900	$925,000	4	2.1	2792	DETACHD	4
2574 PALISADES CREST DR	$975,000	$935,000	5	2.2	4563	DETACHD	22
13204 DEERFIELD CT	$1,050,000	$1,030,000	4	2.1	3406	DETACHD	4
3815 SOUTHSHORE BLVD	$875,000	$1,067,000	4	2	2638	DETACHD	4
116 MIDDLECREST RD	$1,390,000	$1,225,000	4	3	2545	DETACHD	38
17680 Stafford RD	$1,299,000	$1,317,000	5	2.1	3804	DETACHD	185
639 CARRERA LN	$1,350,000	$1,320,000	4	3.1	4447	DETACHD	16
4288 LAKEVIEW BLVD	$1,250,000	$1,487,000	3	2	2016	DETACHD	5
892 8TH ST	$1,450,000	$1,515,000	4	3.1	2872	DETACHD	7
17313 BLUE HERON RD	$1,998,500	$1,892,500	4	3.1	3454	DETACHD	431
2950 Lakeview BLVD	$3,100,000	$2,450,000	4	3.1	4299	DETACHD	190

March 19, 2021April 18, 2021

News & Notes ~ Feb 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 February 2021: Inventory is holding steady with one month of supply available. Competition is heavy, though we finally see more properties hitting the market now in March, which should alleviate that a little. Competition pushes prices up as you can see in the Neighborhood Report below comparing January & February prices. Rolling 12-month Appreciation rates in all areas are up.

Mortgage rates will be rising inspired by the economy’s steady recovery. Today’s rates are hovering around 3% or a little higher based on a number of factors, but most can “buy the rate down” a bit & get it lowered. My trusted Mortgage Advisors can give you more info.

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

There were 2,474 New Listings in Feb 2021 decreased 10.3% from Feb of 2020’s 2,759 and also dropped 4.1% from the previous month/January’s 2,579.
At 1,978, Feb 2021’s Closed Sales are up 4.3% from Feb 2020’s 1,897, and also up 7.1% from the previous month/January’s total of 1,847
At 2,208, Feb 2021’s Pending Sales are down 15% from Feb 2020’s 2,598, and also down 11.5% from the previous month/January’s total of 2,496.
The Average Sale Price in Feb 2021 of $542,000 is up $84,100 from last year/Feb 2020’s $457,900, and up $27,300. from the previous month/January’s $514,700.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Feb 2021 of $470,100 rose $63,100 from last year/Feb 2020’s $407,000, and also increased 10,100 from the previous month/January’s $460,000.

LAKE OSWEGO

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

82 Active Listings (Jan 84)
97 New Listings (Jan 112)
92 Pending Sales (Jan 121)
92 Closed Sales (Jan 97)
Average Sale Price for Feb: $876,900 (Jan $812,700)
- 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.
77 Average Days on the Market (Jan 46)

March 6, 2021May 1, 2021

This Week In Lake Oswego

Lake Oswego is always chock full of all kinds of activities for its residents. Its really a marvel how, for so many years, such discerning attention is placed on producing a truly diverse array of programs for young, old and all interests. They are mostly virtual now for health & safety reasons, but some safe outdoor & distanced options are also peppered in there. Soon we’ll see the outdoor concerts return!

Here are my picks for what[s happening this week:

Mon, March 8, 2021- 7:15-7:45PM – How to Train Your Cat ~ Believe it or not cats can be trained! (they say… ; ) Every Monday/12 and up. Online – More Info & Registration: CLICK HERE

Tues, March 9 2021– 1:15-2:15PM – Gentle Yoga ~ Join this virtual class that repeats every Tuesday – More Info & Registration: CLICK HERE

Wed, March 10, 2021– 8:00AM – 10:00PM – Author/Fan Face-Off! ~ Each week, in this video series, a student will go head to head on 10 trivia questions from one of a featured author’s favorite books. This week the guest author is Varian Johnson and the featured book is The Great Green Heist Online – For More Info: CLICK HERE

Thurs, March 11, 2021– 6:00-7:30PM – Whole House Organizing~ Each week on Thursdays, Kaye Silver teaches participants to organize one category of household item, such as clothes. The following week participants share their results and learn about the next category, such as memorabilia. Online – More Info & Registration: CLICK HERE

Fri, March 12, 2021– 8:15AM-10:15PM – Essay Contest Deadline: Refugee & Immigrant Experience ~ 2021‌ ‌MINORU‌ ‌YASUI‌ ‌STUDENT‌ ‌CONTEST‌ ‌ “If‌ ‌there‌ ‌is‌ ‌suffering‌ ‌or‌ ‌pain‌ ‌that‌ ‌is‌ ‌unfairly‌ ‌imposed‌ ‌upon‌ ‌anyone,‌ ‌it’s‌ ‌my‌ ‌duty,‌ ‌it’s‌ ‌your‌ ‌duty‌ ‌to‌ ‌try‌ ‌to‌ ‌alleviate‌ ‌it,‌ ‌because‌ ‌that’s‌ ‌the‌ ‌way‌ ‌in‌ ‌which‌ ‌we‌ ‌gain‌ ‌a‌ ‌better‌ ‌life‌ ‌for‌ ‌all‌ ‌of‌ ‌us.” —‌ ‌Minoru‌ ‌Yasui‌ . The‌ ‌Minoru‌ ‌Yasui‌ ‌Student‌ ‌Contest‌ ‌is‌ ‌proud‌ ‌to‌ ‌announce‌ ‌its‌ ‌2021‌ ‌essay‌ ‌competition‌ ‌on‌ ‌Refugee‌ ‌and‌ ‌Immigrant‌ ‌‌E‌xperiences.‌ ‌We‌ ‌celebrate‌ ‌the‌ ‌ideas‌ ‌and‌ ‌opinions‌ ‌of‌ ‌students‌ ‌in‌ ‌grades‌ ‌6‌ through‌ ‌12‌ ‌and‌ ‌challenge‌ ‌them‌ ‌to‌ ‌write‌ ‌an‌ ‌original‌ ‌and‌ ‌thoughtful‌ ‌essay‌ ‌exploring‌ ‌refugee‌ ‌or immigrant‌ ‌experiences.‌ Online – More Info & Registration: CLICK HERE

Sat, March 13, 2021– 9:00AM-9:30AM – Saturday Sing-A-Long ~ Ages 3-5 sing their favorite Disney, folk & popular songs every Saturday! Online – More Info & Registration: CLICK HERE

Sun, March 14, 2021– 10:00AM-12:00PM – Stewardship Work Party at Woodmont Park ~ Plant native species in this new park with Friends of Woodmont Park! More Info & Registration: CLICK HERE

March 6, 2021September 11, 2022

Market Activity ~ Feb 22-28, 2021

Last week we saw only 5 properties enter the market, 13 moved to Pending status and 20 Sold/Closed. There are 66 fabulous properties available right now in Lake Oswego! The market is very tight. This is the time of year we start to see properties hit the market so time will tell if we’ve got a wave of properties coming up, but for now, rates are low & inching higher… its a good time to call a skilled Realtor to help you secure a home. Dianne and I are always a phone, text or email away.

Here is the latest overview of activity in Lake Oswego according to RMLS:

NEW Feb 22-28, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
41 GREENRIDGE CT	$415,000	3	2.1	1652	ATTACHD
668 MCVEY AVE #33	$499,000	2	1	852	CONDO
17994 SAINT CLAIR DR	$989,000	4	2.1	3689	DETACHD
5740 SW CHILDS RD	$1,550,000	5	3	5519	DETACHD
15780 TWIN FIR RD	$2,975,000	4	4.1	4270	DETACHD

Pending Feb 22-28, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
4 TOUCHSTONE #63	$195,000	2	2	984	CONDO	1
1225 LEE ST	$520,000	3	1.1	1056	DETACHD	80
4832 REDWING WAY	$599,900	3	2	1472	DETACHD	3
17614 SCHALIT WAY	$650,000	3	2	1561	DETACHD	3
5172 GREENSBOROUGH CT	$719,000	4	2.1	2184	DETACHD	102
18 HOTSPUR ST	$750,000	4	2	2025	DETACHD	5
13983 WESTCOTT CT	$898,900	4	2.1	2792	DETACHD	4
2240 RIDGEWOOD RD	$939,000	4	3.1	2777	DETACHD	2
17311 CANYON DR	$1,079,000	6	3	5376	DETACHD	35
116 MIDDLECREST RD	$1,290,000	4	3	2545	DETACHD	38
419 7TH ST	$1,350,000	4	2.1	2813	DETACHD	11
667 LAKE BAY CT	$1,899,900	4	3.1	3616	DETACHD	36
1890 TWIN POINTS RD	$2,650,000	4	3.1	4274	DETACHD	535

Sold Feb 22-28, 2021

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
45 EAGLE CREST DR #210	$199,000	$198,000	1	1	780	CONDO	23
3812 BOTTICELLI ST	$319,995	$310,000	3	2	1194	CONDO	41
241 CERVANTES Upper	$400,000	$405,000	2	2	1382	CONDO	3
17095 WESTVIEW DR	$649,000	$575,000	4	3	3356	DETACHD	90
1238 LAUREL ST	$524,900	$600,000	3	2	1485	DETACHD	2
6210 CHILDS RD	$699,000	$710,000	3	2	1433	DETACHD	2
1202 SPRUCE ST	$735,000	$735,000	2	2.1	1706	DETACHD	84
6126 SW Frost LN	$759,000	$745,000	5	3	2497	DETACHD	41
5185 WOODCREST LN	$835,000	$825,000	3	2.1	2554	DETACHD	33
4850 LOWER DR	$825,000	$825,000	4	3	2700	DETACHD	11
5173 WOODCREST LN	$850,000	$905,000	5	3	3220	DETACHD	2
5513 RACHEL LN	$1,049,000	$1,030,000	4	2.1	3335	DETACHD	29
17196 KELOK RD	$1,199,000	$1,050,000	5	3.1	4384	DETACHD	169
3600 PIPER CT	$1,050,000	$1,110,000	5	3.1	4549	DETACHD	4
1156 CHERRY LN	$1,345,000	$1,175,000	5	3.1	4084	DETACHD	79
2120 GLENMORRIE DR	$1,298,000	$1,298,000	4	3.1	4293	DETACHD	125
701 4TH ST	$1,499,000	$1,450,000	3	2.1	2913	DETACHD	43
17495 KELOK RD	$1,600,000	$1,475,000	3	2.1	3282	DETACHD	101
1188 CHERRY CIR	$2,198,000	$2,050,000	5	6.1	8772	DETACHD	550
16649 MAPLE CIR	$3,095,000	$2,730,875	4	3	2714	DETACHD	154

February 18, 2021February 22, 2021

News & Notes ~ Jan 2021 Numbers

Overview/Fluctuations ~ Portland Area Market Data Jan 2021:

The big story in January is that our Inventory increased from .8 to 1.0 months of supply. If you think that’s not much, you’re right! We continue to be at record lows in available homes. Last year in January we had 2.2 months of Inventory, which was low. The previous year (Jan 2019) we had 3.3 months of Inventory. So, the field is still competitive out there which means it is a terrific time to sell a home and if you’re buying, rates are still low hovering around 3.125, so better not to wait!

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

There were 2,579 New Listings in Jan 2021 decreased 6.4% from Jan of 2020’s 2,754, and increased 48.2% from the previous month/Dec’s 1,740.
At 1,847, Jan 2021’s Closed Sales are up 11.1% from Jan 2020’s 1,663, and down 33.8% from the previous month/Dec 2020’s total of 2,789
At 2,496, Jan 2021’s Pending Sales are up 9.9% from Jan 2020’s 2,271, and also up 24.6% from the previous month/Dec 2020’s total of 2,003.
The Average Sale Price in Jan 2021 of $514,700 is up $51,700 from last year/Jan 2020’s $463,000, and up $700. from the previous month/Dec 2020’s $514,000.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Jan 2021 of $460,000 rose from last year/Jan 2020’s $406,000 by $54,000, and decreased 5,000 from the previous month/Dec 2020’s $455,000

LAKE OSWEGO

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

84 Active Listings (Dec 114)
112 New Listings (Dec 73)
121 Pending Sales (Dec 110)
92 Closed Sales (Dec 137)
Average Sale Price for Jan: $812,700 (Dec $845,700)
- 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.
46 Average Days on the Market (Dec 60)

February 17, 2021September 11, 2022

Market Activity ~ Feb 8-14, 2021

This last week we saw 6 properties come onto the market, 15 move to Pending status, and 7 Closed/Sold. There are currently a whopping 47 homes on the market in Lake Oswego.

NEW Feb 8-14, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
3930 LAKE GROVE AVE, #1B	$215,000	2	1	956	CONDO
5091 TUALATA LN	$625,000	3	2	1500	DETACHD
4846 LOWER DR	$812,900	5	3	2655	DETACHD
1255 Bickner ST	$1,235,000	4	2.1	2764	DETACHD
419 7TH ST	$1,350,000	4	2.1	2813	DETACHD
769 4TH ST	$1,965,000	5	3.1	3922	DETACHD

PENDING Feb 8-14, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
4000 CARMAN DR #47	$259,900	2	2	993	CONDO	4
3433 MCNARY PKWY #501	$269,900	2	2.1	1136	CONDO	3
1538 PINE ST	$515,000	3	2	1575	DETACHD	3
578 2ND ST	$539,900	2	2.1	1361	PLNCOMM	6
6210 CHILDS RD	$699,000	3	2	1433	DETACHD	2
5172 GREENSBOROUGH CT	$719,000	4	2.1	2184	DETACHD	86
4580 TRILLIUM WOODS	$739,900	3	2.1	1992	ATTACHD	10
876 SUNNY HILL DR	$850,000	4	2.1	2164	DETACHD	4
2318 HILLSIDE LN	$899,995	5	3.1	3258	DETACHD	8
2574 PALISADES CREST DR	$975,000	5	2.2	4563	DETACHD	22
13204 DEERFIELD CT	$1,050,000	4	2.1	3406	DETACHD	4
5686 LA MESA CT	$1,225,000	4	3.1	3840	DETACHD	1
16364 IVY LN	$1,445,950	5	3.1	4862	DETACHD	282
892 8TH ST	$1,450,000	4	3.1	2872	DETACHD	7
743 6TH ST	$1,915,000	5	3.1	3922	DETACHD	254

SOLD Feb 8-14, 2021

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
47 EAGLE CREST DR #50	$210,000	$208,650	2	1	932	CONDO	37
16 AQUINAS ST	$525,000	$555,000	3	2.1	1720	DETACHD	1
3595 UPPER DR	$629,000	$645,000	3	2	1420	DETACHD	4
4515 OAKRIDGE RD	$685,000	$685,000	3	2.1	1981	ATTACHD	54
1111 C AVE	$1,549,000	$1,500,000	4	3.1	3354	DETACHD	141
1547 GLENMORRIE DR	$1,995,000	$1,910,000	4	3.1	4042	DETACHD	129
4357 SOUTHSHORE BLVD	$2,995,000	$2,600,000	5	5.1	5220	DETACHD	152

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.

February 3, 2021February 8, 2021

Market Activity ~ Jan 25-31, 2021

We logged 4 New Listings, 21 (not bad for a rainy week) moving to Pending status, and 6 Properties Sold/Closed last week. Here’s the breakdown according to RMLS data:

NEW Jan 25-31, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
4580 TRILLIUM WOODS	$739,900	3	2.1	1992	ATTACHD
1920 Park Forest AVE	$1,125,000	3	3	2679	DETACHD
1483 WOODLAND TER	$1,199,999	5	4	3135	DETACHD
1870 TWIN POINTS RD	$2,895,000	4	4.1	4649	DETACHD

PENDING Jan 25-31, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
16250 PACIFIC HWY #50	$284,000	2	2	1305	CONDO	2
16250 PACIFIC HWY #73	$319,000	2	2	1305	CONDO	87
16250 PACIFIC HWY #59	$319,000	2	2	1305	CONDO	9
750 1ST ST, E34	$335,000	2	2	1350	CONDO	3
18667 SW BENFIELD AVE	$485,000	4	2	1414	DETACHD	5
1790 CONIFER DR	$524,900	2	1	1003	DETACHD	13
28 AQUINAS ST	$529,000	3	2	1960	DETACHD	6
17095 WESTVIEW DR	$649,000	4	3	3356	DETACHD	90
4361 SOUTHSHORE BLVD	$819,000	4	3	2441	DETACHD	75
1780 YARMOUTH CIR	$845,000	3	2.1	2307	DETACHD	0
17596 GREEN BLUFF DR	$959,900	4	2.1	3039	DETACHD	75
5900 SUNCREEK DR	$999,000	5	2.1	3942	DETACHD	4
3600 PIPER CT	$1,050,000	5	3.1	4549	DETACHD	4
19125 35TH PL	$1,114,900	4	4.1	5153	DETACHD	257
2120 GLENMORRIE DR	$1,298,000	5	3.1	4293	DETACHD	115
639 CARRERA LN	$1,350,000	4	3.1	4447	DETACHD	16
312 9TH ST	$1,350,000	3	2.1	2686	DETACHD	103
3175 DOUGLAS CIR	$1,425,000	4	3.2	5400	DETACHD	3
13701 KNAUS RD	$1,849,000	5	4.1	5730	DETACHD	2
14080 GOODALL RD	$2,095,000	6	4.2	6005	DETACHD	23
1340 CHERRY LN	$2,145,000	4	4.2	5922	DETACHD	9

SOLD Jan 25-31, 2021

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
5859 KENNYCROFT WAY	$499,900	$511,000	3	1.1	1205	DETACHD	4
1599 OAK ST	$664,900	$655,000	4	2.1	2468	DETACHD	31
4584 TRILLIUM WOODS	$739,900	$715,000	3	2.1	2179	ATTACHD	44
18064 JENIFERS WAY	$930,000	$895,000	5	3	2965	DETACHD	44
6429 Mission CT	$1,165,000	$1,184,000	4	3.1	3182	DETACHD	277
16337 CHAPIN WAY	$2,599,000	$2,270,000	5	4.1	5115	DETACHD	71

January 24, 2021September 11, 2022

News & Notes ~ Dec 2020 Year-End Report

Here is your look at the most recent data for the entire Portland area (Dec2020 + Year-End) and how Lake Oswego fits in to this picture just below.

Overview/Fluctuations ~ Market Data Dec 2020:

Inventory is now at a stunning 0.8 months of supply in the Portland area. So… still lower than its ever been and getting lower, apparently, with Buyers out en force competing over existing Properties for sale. Rates right now are hovering at or a little under 3.0%.

The twelve months of 2019 compared to 2020:

New Listings, (38,442) decreased 5.2%. Pending Sales (32,849) increased 7.9%, and Closed Sales (32,031) increased 7.8%.

By Comparison, Twelve months of 2018 as compared to 2019 from last year’s December report read: New Listings (40,579) decreased 1.7%, Pending Sales (30,430) increased 2.1% and Closed Sales (29,700) decreased 0.2%.

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

There were 1,740 New Listings in Dec 2020 increased 37% from Dec of 2019’s 1,270, and decreased a whopping 22.3% from the previous month/Nov’s 2,238.
At 2,789, Dec 2020’s Closed Sales are up 26% from Dec 2019’s 2,213, and also up 1.6% from the previous month/Nov 2020’s total of 2,745
At 2,003, Dec 2020’s Pending Sales are up 13% from Dec 2019’s 1,772, and dropped 21.7% from the previous month/Nov 2020’s total of 2,557.
The Average Sale Price in Dec 2020 of $514,000 is up $56,300 from last year/Dec2019’s $457,700, and down $7,200 from the previous month/Nov 2020’s $521,200. YTD increase is 7.6%.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Dec 2020 of $455,000 rose from last year/Dec2019’s $405,000 by $50,000, and decreased 2,000 from the previous month/Nov 2020’s $457,000. YTD increase is 7.3%.

LAKE OSWEGO:

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

114 Active Listings (Nov 177) (Dec 2019: 223)
73 New Listings (Nov 104) (Dec 2019: 50)
110 Pending Sales (Nov 106) (Dec 2019: 70)
137 Closed Sales (Nov 166) (Dec 2019: 107)
Average Sale Price for Dec: $845,700 (Nov $822,000) (Dec 2019: $732,400)
- NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month. Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
60 Average Days on the Market (Nov 50)