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June 24, 2021September 11, 2022

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)

June 12, 2021June 13, 2021

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

Tues, June 15, 2021 – 4:00-5:00PM–Cook 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 – 4:00-6:00PM – Parks 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 – 7:00-8:30PM – Trivia 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-1:30PM – Lake 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 Day – Fathers 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.

June 12, 2021September 11, 2022

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

Address	List Price	# Beds	# Baths	Total SF	Prop Type
47 EAGLE CREST DR #54	$186,000	1	1	672	CONDO
4619 LAKEVIEW BLVD / Grnd	$205,000	1	1	753	CONDO
153 OSWEGO SMT/Lower	$279,990	2	2	1677	CONDO
482 S STATE ST / 3B	$385,000	2	1	1659	CONDO
19 SUMMIT RIDGE CT	$449,000	2	2.1	1558	ATTACHD
156 RIDGEWAY RD	$450,000	3	2.1	1805	CONDO
5051 TUALATA LN	$714,900	4	2	1581	DETACHD
7 MOUNTAIN VIEW LN	$850,000	5	2.1	3324	DETACHD
3830 TEMPEST DR	$999,995	4	3	3099	DETACHD
12975 SW ELK ROCK RD	$1,499,000	5	3.1	4569	DETACHD
4640 DOGWOOD DR	$1,500,000	4	4	4142	DETACHD
2023 RIDGEWOOD RD	$1,500,000	4	2.1	4340	DETACHD
3729 ELEANOR CT	$1,598,000	4	4.1	4061	DETACHD
17575 S CRESTLINE DR	$3,500,000	5	4.2	7496	DETACHD
1777 SKYLAND DR	$3,700,000	4	3.1	4871	DETACHD

PENDING May 31-June 6, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
4000 CARMAN DR, E68	$255,000	1	1	836	CONDO	3
4000 CARMAN DR, E80	$289,000	2	2	993	CONDO	1
15438 SW STEPHANIE CT	$469,987	3	2.1	1627	ATTACHD	6
6200 SHAKESPEARE ST	$540,000	3	2	1250	DETACHD	2
4124 HARVEY WAY	$649,900	3	2	1410	DETACHD	7
14417 ORCHARD SPRINGS RD	$649,999	4	2.1	1968	DETACHD	22
4396 GALEWOOD ST	$650,000	3	2.1	1672	DETACHD	12
17310 CANYON DR	$750,000	5	3	2716	DETACHD	3
33 DA VINCI ST	$760,000	5	3	2560	DETACHD	4
1455 NELSON CT	$835,000	4	2.1	2210	DETACHD	2
340 8TH ST	$875,000	3	2	2146	DETACHD	4
663 CARRERA LN	$899,000	3	2	2356	DETACHD	1
17144 WARREN CT	$920,000	4	2.1	2778	DETACHD	18
18768 WOOD DUCK ST	$925,000	4	3	3016	DETACHD	4
18343 ANDUIN TER	$970,000	4	2.1	3000	DETACHD	19
4137 ORCHARD WAY	$975,000	5	2.1	3680	DETACHD	2
2011 RIDGEWOOD LN	$999,900	5	3.1	3115	DETACHD	3
4379 SNOWBRUSH CT	$1,050,000	4	3	3596	DETACHD	2
19229 35TH PL	$1,100,000	5	3.1	4764	DETACHD	113
5800 SEVILLE AVE	$1,299,000	4	4	3912	DETACHD	12
19305 HILL TOP RD	$1,375,000	4	3.1	5116	DETACHD	277
4390 SUNSET DR	$1,399,000	4	2.1	3035	DETACHD	1
640 9TH ST	$1,450,000	4	3	3321	DETACHD	5
858 10TH ST	$1,650,000	3	2.1	2410	DETACHD	6
1099 CHERRY CIR	$1,690,000	5	3.1	3796	DETACHD	5
4440 UPPER DR	$1,899,000	4	3.1	3583	DETACHD	16
2112 GOODALL CT	$2,100,000	4	3	4078	DETACHD	4
2254 KNAUS RD	$4,125,000	4	5.1	7436	DETACHD	46

SOLD May 31-June 6, 2021

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	DOM
4 TOUCHSTONE #87	$205,000	$190,000	2	2	984	CON	217
147 OSWEGO SMT/Upper	$232,000	$251,000	2	2	1140	CON	3
3668 SPRING LN #4B	$320,000	$385,000	2	2	1117	CON	4
5221 TREE ST	$525,000	$555,000	3	1	924	DET	3
10 ORIOLE LN	$500,000	$572,500	3	2	1502	DET	5
17 LAUREL ST	$599,000	$599,000	3	1.1	3096	DET	6
1033 SPRUCE ST	$745,000	$725,000	2	2.1	1638	DET	12
2734 SW ORCHARD HILL LN	$720,000	$785,500	4	2.1	2816	DET	4
17944 RIDGE LAKE DR	$775,000	$802,500	4	2.1	2525	DET	3
5110 ROSEWOOD ST	$800,000	$840,000	3	2.1	2464	DET	5
1118 ANDREWS RD	$849,000	$849,000	3	2	2182	DET	3
4350 UPPER DR	$875,000	$855,000	3	2	1717	DET	18
17043 CRESTVIEW DR	$799,900	$895,000	4	2.1	2303	DET	4
17787 BLUE HERON DR	$895,000	$896,500	4	3	2519	DET	9
324 LAKEWOOD RD	$928,000	$928,250	2	2	1383	DET	10
30 HILLSHIRE DR	$950,000	$950,000	4	2.1	3887	DET	2
2376 FERNWOOD CIR	$849,900	$950,625	4	2	2094	DET	5
1768 GLENMORRIE DR	$978,000	$988,000	3	3	2904	DET	2
1920 Park Forest AVE	$1,125,000	$1,050,000	3	3	2679	DET	19
4145 CHAD DR	$1,050,000	$1,055,000	4	2.1	3360	DET	9
13348 FIELDING RD	$1,070,550	$1,070,550	3	1.1	2068	DET	1
5633 GRAND OAKS DR	$950,000	$1,075,000	4	2.1	3156	DET	4
2357 HILLSIDE LN	$1,195,000	$1,195,000	5	3	4162	DET	5
56 WILBUR ST	$1,225,000	$1,200,000	3	3.1	3600	CON	7
5665 GRAND OAKS DR	$1,025,000	$1,220,000	5	3	4226	DET	3
127 FURNACE ST/Upper	$1,349,000	$1,349,000	2	2.1	2016	CON	7
3931 BASS LN	$1,365,000	$1,365,000	5	4.1	4284	DET	2
3119 WEMBLEY PARK RD	$1,385,000	$1,465,000	4	3.1	3688	DET	2
3423 LAKE GROVE AVE	$1,695,000	$1,650,000	4	3.1	4721	DET	25
1799 ATHERTON DR	$1,669,000	$1,669,000	4	5.1	6280	DET	37
18639 PILKINGTON RD	$1,675,000	$1,675,000	4	4	4281	DET	7
19342 LORNA LN	$1,685,000	$1,685,000	4	3.1	4375	DET	2
17432 KELOK RD	$1,595,000	$1,710,000	3	2.1	3023	DET	3
165 PINE VALLEY RD	$2,350,000	$2,350,000	4	4	4067	DET	0
1775 SOUTHSHORE BLVD	$4,950,000	$4,512,000	3	5.1	5401	DET	0

May 28, 2021September 11, 2022

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

Address	List Price	# Beds	# Baths	Total SF	Prop Type
43 GREENRIDGE CT	$425,000	3	1.1	1652	ATTACHD
12572 BOONES FERRY RD	$579,000	4	2	1577	DETACHD
4396 GALEWOOD ST	$650,000	3	2.1	1672	DETACHD
1131 OXFORD DR	$675,000	4	3	2200	DETACHD
5071 TUALATA LN	$675,000	3	3	1540	DETACHD
15481 TANAGER DR	$725,000	3	2.1	2153	DETACHD
1015 SOUTH SHORE BLVD	$1,089,000	4	3	3882	DETACHD
5800 SEVILLE AVE	$1,299,000	4	4	3912	DETACHD
18336 WESTVIEW DR	$1,395,000	4	4	4921	DETACHD
4210 VIRGINIA WAY	$1,549,000	4	4.1	3508	DETACHD
18224 BELLA TERRA DR	$1,575,000	4	3.1	4050	DETACHD
4440 UPPER DR	$1,899,000	4	3.1	3583	DETACHD
1978 EGAN WAY	$2,198,000	4	5.2	6761	DETACHD
14500 UPLANDS DR	$2,495,000	5	4.2	5544	DETACHD

PENDING May 17-23, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
4 TOUCHSTONE #69	$220,000	3	2.1	1351	CONDO	3
47 EAGLE CREST DR #63	$235,000	2	1	830	CONDO	4
750 1ST ST E28	$245,000	1	1	902	CONDO	31
137 OSWEGO SMT / Upper	$269,500	2	2	1212	CONDO	5
3882 BOTTICELLI ST / Main	$289,000	3	2	1224	CONDO	20
3892 BOTTICELLI ST / Main	$303,500	3	2	1288	CONDO	4
3950 CARMAN DR / Grnd	$345,000	2	2.1	1101	CONDO	3
1335 LAUREL ST	$350,000	2	1	1248	DETACHD	3
4320 BOTTICELLI ST #11	$379,995	2	2.2	2098	ATTACHD	13
16200 PACIFIC HWY #21	$419,900	2	2	1190	CONDO	5
14392 SHERBROOK PL	$515,000	3	2.1	2133	DETACHD	4
338 LAUREL ST	$529,000	3	2	1346	DETACHD	4
2991 GLEN HAVEN RD	$650,000	4	3	2560	DETACHD	5
14 MORNINGVIEW CIR	$699,900	4	3.1	2728	DETACHD	19
2740 GLEN HAVEN RD	$699,900	3	2.1	1612	DETACHD	3
19419 TUALAMERE AVE	$749,000	3	2	2068	DETACHD	9
16915 GREENTREE AVE	$759,000	3	3	2791	DETACHD	7
1244 HALLINAN CIR	$775,000	4	3	2485	DETACHD	5
3061 WESTVIEW CT	$799,000	4	3	3396	DETACHD	36
5747 VICTORIA CT	$810,000	4	2.1	2432	DETACHD	2
5737 CHARLES CIR	$899,000	4	2.1	3088	DETACHD	4
17144 WARREN CT	$920,000	4	2.1	2778	DETACHD	6
69 Nansen Summit	$985,000	3	2.1	3185	DETACHD	5
2002 CEDAR CT	$1,079,000	3	2	2945	DETACHD	6
14175 TAYLORS CREST LN	$1,095,000	4	3	3432	DETACHD	4
56 WILBUR ST	$1,225,000	3	3.1	3600	ATTACHD	7
138 DEL PRADO ST	$1,425,000	5	4	4500	DETACHD	3
4484 WEST BAY RD	$1,649,000	5	3.1	4417	DETACHD	6
16315 CHAPIN WAY	$1,795,000	4	3.1	3478	DETACHD	4
18740 GREEN BLUFF DR	$1,800,000	4	3	3645	DETACHD	3
7 DOVER WAY	$1,899,999	5	5.1	7803	DETACHD	3
1845 PALISADES TERRACE DR	$3,650,000	3	2.1	2674	DETACHD	17
1125 MAPLE ST	$3,900,000	4	3.1	6254	DETACHD	82

SOLD May 17-23, 2021

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
82 GALEN ST / Upper	$199,500	$210,000	1	0.1	690	CONDO	2
5059 FOOTHILLS DR E	$312,000	$338,000	2	2	989	CONDO	10
54 GREENRIDGE CT	$429,000	$440,000	3	2	1596	CONDO	7
5509 BONITA RD	$449,900	$560,000	3	2	2000	DETACHD	3
76 GREENRIDGE CT	$674,900	$632,685	4	3.1	2868	ATTACHD	28
19061 REDWING CT	$700,000	$740,000	3	2	1611	DETACHD	4
769 6TH ST	$652,000	$768,000	2	1	720	DETACHD	2
1002 HEMLOCK ST	$725,000	$775,000	3	2.1	1950	DETACHD	4
1710 YARMOUTH CIR	$769,000	$780,000	2	2	1540	DETACHD	2
1225 Hallinan ST	$724,900	$788,000	3	2.1	1819	DETACHD	6
19233 INDIAN SPRINGS RD	$799,950	$799,950	4	4.1	3423	DETACHD	11
10 YORICK ST	$925,000	$915,000	5	3.1	4023	DETACHD	19
1007 HEMLOCK ST	$899,000	$963,000	3	2.1	1930	DETACHD	3
17167 CEDAR RD	$880,000	$984,000	3	2	2673	DETACHD	3
16126 SW INVERURIE RD	$899,000	$988,000	4	2.1	2492	DETACHD	5
12624 SW 22ND AVE	$945,000	$1,010,000	4	3.1	3665	DETACHD	4
19201 MAREE CT	$1,300,000	$1,250,000	5	2.1	4290	DETACHD	27
1891 PALISADES LAKE CT	$1,425,000	$1,400,000	4	4.1	5389	DETACHD	193
13311 LESLIE CT	$1,540,000	$1,540,000	5	5	5596	DETACHD	0
784 6TH ST	$1,625,000	$1,625,000	4	3	3200	DETACHD	5
822 6TH ST	$1,444,900	$1,650,000	4	3	2920	DETACHD	3
13613 PROVINCIAL HILL WAY	$1,550,000	$1,675,000	6	3.1	4534	DETACHD	4
6 DOVER WAY	$1,795,000	$1,700,000	4	3.1	4499	DETACHD	9
15400 DIAMOND HEAD RD	$2,100,000	$2,050,000	4	3.1	3358	DETACHD	1
15780 TWIN FIR RD	$2,975,000	$2,825,000	4	4.1	4270	DETACHD	44

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.

May 17, 2021May 28, 2021

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)

May 1, 2021May 2, 2021

This Week in Lake Oswego

Spring is in the air, people are starting to peek out from their safe spaces & Lake Oswego is as beautiful as ever. Here are my picks for things to do this week either online or in person:

Mon, May3rd, 2021 – 4:30-5:30PM–Youth Mountain Biking Series 1 ~ Meet at Luscher Farm/The Quarry at East Waluga Park to learn shifting, body position, pedal position, climbing, descending, cornering and managing trail obstacles! Mondays till 5/24- More Info & Registration: CLICK HERE

Tues, May4th, 2021 – 4:00-5:00PM –Cook the Books ~ Meet online every Tuesday with Librarians Shannon & Alicia to eat and talk about food & recipes. – More Info & Registration: CLICK HERE

Wed, May5th, 2021 – 6:00-8:00PM –Pickelball Clinic & Play (18yrs+)~ Learn the basics and then join in with the fastest growing sport in America! Wednesdays till 5/26 at George Rogers Park – More Info & Registration: CLICK HERE

Thurs, May6th, 2021 – 7:00-8:30PM –Public Library Trivia Night! ~ Its like “Pub Trivia” but shorter…and you’re not in a pub! Plus there are Powell’s Gift Cards involved… Thursdays online- More Info & Registration: CLICK HERE

Fri, May7th, 2021 – 6:30-9:30PM –Samurai in the Oregon Sky with Ilana Sol! ~ Join the Filmmaker as she presents her film & joins for post-viewing questions & answers. – Her first film ON PAPER WINGS won 7 awards and was included in an episode of NPR’s Radiolab. SAMURAI IN THE OREGON SKY is her second film~ In 1942, Japanese pilot Nobuo Fujita catapulted his seaplane off of a submarine, flew over the Oregon coast, and became the only pilot to bomb the U.S. mainland during WWII. He never dreamed he would one day be invited back to the region, where he would begin a lifelong friendship with the people of a small Oregon town. SAMURAI IN THE OREGON SKY chronicles how Mr. Fujita came to refer to his former target as his “second home.” – More Info & Registration: CLICK HERE

Sat, May8th, 2021 – 8:30AM-1:30PM –Lake Oswego Farmers Market! ~ Millennium Park Plaza is the place to be every Saturday as Artisans and Farmers share their wares in a COVID-safe & festive environment. There are also online ordering options available.- For More Info & Safety Protocols: CLICK HERE

Sun, May9th, 2021 – 11:00-12:00PM –A Bookish Affair!~ Join fellow aficionados of Romance & Happily-Ever-After genres to discuss love stories of all kinds. This week covering The Duke Who Didn’t by Courtney Milan – More Info & Registration: CLICK HERE

May 1, 2021September 11, 2022

Market Activity ~ April 19-25, 2021

This last week in Lake Oswego we saw 10 New Properties come to market, a whopping 36 move to Pending status (accepted Offers), and 16 Closed/Sold.

Here are the details per RMLS:

NEW April 19-25, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
4 TOUCHSTONE #68	$219,000	2	2	984	CONDO
4 TOUCHSTONE #142	$229,900	2	2	979	CONDO
19239 SW BENFIELD AVE	$900,000	3	3	1968	DETACHD
324 LAKEWOOD RD	$928,000	2	2	1383	DETACHD
1874 GLENMORRIE TER	$975,000	3	3	3508	DETACHD
4145 CHAD DR	$1,050,000	4	2.1	3360	DETACHD
940 UPPER DEVON LN	$1,950,000	4	3.1	4464	DETACHD
17301 BERGIS FARM DR	$2,250,000	4	3.1	4737	DETACHD
2679 GLEN EAGLES RD	$2,750,000	4	4.1	4709	DETACHD
197 PINE VALLEY RD	$3,200,000	6	3.1	5983	DETACHD

PENDING April 19-25, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
47 EAGLE CREST DR #6	$184,000	1	1	672	CONDO	39
13 OSWEGO SMT / Lower	$199,900	1	1	764	CONDO	8
750 1ST ST E28	$245,000	1	1	902	CONDO	7
526 S State ST 5A	$314,950	2	1	914	CONDO	11
1305 SPRUCE ST	$449,000	3	1	1024	DETACHD	5
5509 BONITA RD	$449,900	3	2	2000	DETACHD	3
17 LAUREL ST	$599,000	3	1.1	3096	DETACHD	6
6090 CARMAN DR	$650,000	4	1.1	1620	DETACHD	44
19061 REDWING CT	$700,000	3	2	1611	DETACHD	4
1225 Hallinan ST	$724,900	3	2.1	1819	DETACHD	6
1002 HEMLOCK ST	$725,000	3	2.1	1950	DETACHD	4
5546 ROYAL OAKS DR	$759,000	3	2	1920	DETACHD	3
282 ASH ST	$780,000	4	2.1	2791	DETACHD	30
19233 INDIAN SPRINGS RD	$799,950	4	4.1	3423	DETACHD	11
3061 WESTVIEW CT	$875,000	4	3	3396	DETACHD	5
13209 TWIN CREEK CT	$888,000	4	2.1	3021	DETACHD	5
17787 BLUE HERON DR	$895,000	4	3	2519	DETACHD	9
16126 SW INVERURIE RD	$899,000	4	2.1	2492	DETACHD	5
30 HILLSHIRE DR	$950,000	4	2.1	3887	DETACHD	2
16176 NOLA CT	$969,000	4	2.1	2945	DETACHD	5
6 SHERWOOD CT	$995,900	4	2.1	3133	DETACHD	4
18015 CARDINAL DR	$1,095,000	3	2	1622	DETACHD	5
3931 BASS LN	$1,365,000	5	4.1	4284	DETACHD	2
19305 HILL TOP RD	$1,375,000	4	3.1	5116	DETACHD	239
1891 PALISADES LAKE CT	$1,425,000	4	4.1	5389	DETACHD	193
558 6TH ST	$1,550,000	3	3.1	2949	DETACHD	4
3159 DOUGLAS CIR	$1,595,000	6	4.1	4500	DETACHD	3
784 6TH ST	$1,625,000	4	3	3200	DETACHD	5
1799 ATHERTON DR	$1,669,000	4	5.1	6280	DETACHD	37
18639 PILKINGTON RD	$1,675,000	4	4	4281	DETACHD	7
19342 LORNA LN	$1,685,000	4	3.1	4375	DETACHD	2
6 DOVER WAY	$1,795,000	4	3.1	4499	DETACHD	9
13217 AMBER PL #1	$1,849,000	4	3.1	3861	DETACHD	430
2950 WEMBLEY PARK RD	$2,499,000	5	5.1	6667	DETACHD	3
18277 CRESTLINE DR	$2,850,000	4	5.1	6892	DETACHD	169
584 RIDGEWAY RD	$4,398,000	4	3.2	4996	DETACHD	3

SOLD April 19-25, 2021

Address	OpeningPrice	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
47 EAGLE CREST DR #51	$180,000	$180,000	1	1	670	CONDO	13
4000 CARMAN DR #36	$222,500	$233,000	1	1	836	CONDO	2
48 EAGLE CREST DR %F	$264,900	$240,000	2	2	1370	CONDO	428
26 CERVANTES CIR / Ground	$261,900	$240,000	2	1.1	1107	CONDO	56
4185 CHILDS RD	$535,000	$550,000	3	1.1	1175	DETACHD	5
16880 CORTEZ CT	$575,000	$573,000	3	3	2313	DETACHD	27
63 TANGLEWOOD DR	$625,000	$650,000	4	3	2819	DETACHD	3
1820 SOUTHSHORE BLVD	$700,000	$706,000	3	3	2403	DETACHD	4
5139 TUALATA LN	$799,900	$822,191	4	3	2132	DETACHD	2
2552 PALISADES CREST DR	$975,000	$955,000	4	2.1	3176	DETACHD	12
5544 KILCHURN AVE	$995,000	$1,050,000	4	2.1	3308	DETACHD	4
17311 CANYON DR	$1,149,000	$1,079,000	6	3	5376	DETACHD	35
1061 YATES ST	$1,100,000	$1,136,000	4	3.1	2899	DETACHD	14
17990 RIDGE LAKE DR	$1,445,000	$1,420,000	5	3.1	3897	DETACHD	21
1505 LAKE FRONT RD	$3,495,000	$3,470,000	5	3.1	5525	DETACHD	4
1300 FOREST MEADOWS WAY	$4,098,000	$4,150,000	5	4.2	5974	DETACHD	46

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 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

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