Market Activity ~ Jan 31-Feb 6, 2022

This last week 5 Properties entered the market, 10 moved to Pending status, and 7 Closed/Sold. There are 48 homes available right now in Lake Oswego ranging from 215,000 to 5.2 mil.

Here is the latest:

NEW Jan 31-Feb 6, 2022

AddressList PriceBedsBathsTotal SFProp Type
45 EAGLE CREST DR$249,900221046CONDO
5225 JEAN RD$360,000221100CONDO
3990 CARMAN DR$415,90022.11098CONDO
13078 FIELDING RD$3,150,000433936DETACHD
2812 LAKEVIEW BLVD$3,399,90033.13100DETACH

PENDING Jan 31-Feb 6, 2022

AddressList PriceBedsBathsTotal SFProp TypeDays
4 TOUCHSTONE  #94$248,00032.11351CONDO7
47 EAGLE CREST DR  #36$249,90021932CONDO1
4 TOUCHSTONE  #101$268,00042.11456CONDO8
86 KINGSGATE RD, H101$349,00022918CONDO4
1720 KILKENNY DR$685,00032.11348DETACHD53
17763 MARDEE AVE$741,900532110DETACHD19
4503 BLACK FOREST CT$795,00042.12166DETACHD2
18582 BRYANT RD$799,90032.12579DETACHD2
19 HIDALGO ST$998,50043.14747DETACHD2
15508 DIAMOND HEAD RD$3,480,000343900DETACHD169

SOLD Jan 31-Feb 6, 2022

AddressOpeningClosedProp TypeSFBedsBathsDays
6317 CARMAN DR $      650,000 $      560,000DETACHD134431.178
52 NORTHVIEW CT $      649,900 $      635,000ATTACHD219832.154
4966 GALEN ST $      600,000 $      656,000DETACHD1699325
115 TOUCHSTONE TER $      709,000 $      670,000ATTACHD256043.179
302 LAUREL ST $      679,000 $      684,000DETACHD1907326
175 FURNACE ST/Upper $   1,598,000 $  1,598,000CONDO189822.11
752 8TH ST $   1,877,000 $  1,903,000DETACHD403253.127
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.

The Importance of a Great Backyard

Backyards are truly something to be enjoyed. They expand the living area of a house and are the location for making memories in solitude, as well as with friends and family. When I show houses and we walk outside to find a really great backyard, it is the cherry that tops the cake of a great house. Here are 8 ideas for creating that great backyard.

  1. Connect the indoors to the outdoors with big windows and easy access doors. From inside, you’ll enjoy looking out and having the opportunity to enjoy the yard every day of the year.
  2. Create an outdoor workspace. Trees and landscaping make a wonderful backdrop to Zoom meetings. In addition, working outside on a nice day is a bit of a gift that you can give to yourself. To do this, you’ll need strong wifi, an exterior electrical outlet, and a sturdy table.
  3. Let’s talk al fresco. I reguarly do large dinners for my family in my yard. When we gather there usually about 15 people. I put tables end to end to create one large dining table. I then use linens and my good china. It feels so luxurious! A covered area in which to dine, along with an outdoor heater, makes this possible any month of the year.
  4. Add some entertainment potential. Again, a good table for board games, and perhaps a mounted television to watch football and movies.
  5. Establish a wildlife habitat. I no longer feed the birds (there was a certain squirrel incident), but I do put out water. I have 5 birdbaths. If they go empty, the birds will literally sit on the rim and squack at me. Landscaping is also a great idea for attracting birds.
  6. Make your yard pet friendly by fencing it. Today the fencing choices are plentiful, including fences that barely obstruct your viewing of the entire yard.
  7. Just like the rest of the house, clutter is a big no no. Store the clutter elsewhere. Particularly when selling the house, it needs to be tidy.
  8. Privacy is super important. If you have a house that looks into your yard, plant a tree or a hedge. In my case, my husband built a privacy screen that goes about 20 feet. Just enough to block my neighbors windows.

I hope that you have found this helpful. Thanks again for reading the blotter!

Dianne

Market Activity Jan 24-30, 2022

The market is still in what I would call “winter mode” with just 2 new listings. 15 pending sales, and 11 sold/closed transactions. The new listings number is a bit in accurate. This is because in reality houses and condos are selling so fast that they go into pending status prior to the market activity report being written. 12 of the 15 pending sales sold in less than a week. This means that the new listings are more accurately 14 or so. I pull the data usually on Tuesday or Wednesday.

I’ve also heard it said that the spring market really kicks off the weekend following the super bowl. Watch for the new listings to kick into gear in the next few weeks.

See below for further RMLS data.

New Listings Jan 24-30, 2022

AddressTypePriceBRBathsSq Ft
16 Oriole LnDetached$599,950221520
15012 Twin Fir RdDetached$2,599,00053.53897

Pending Sales Jan 24-30, 2022

AddressTypePriceBRBathsSq FtCDOM
45 Eagle Crest Dr #202Condo$215,0001167843
44 Eagle Crest Dr #39Condo$269,9002110850
16250 Pacific Hwy #45Condo$349,00022131145
525 Jean Rd 4501Condo$399,9003215003
5788 Kimball CtDetached$530,00041.511484
871 Country Club RdDetached$569,00031.514495
5309 West Sunset DrDetached$611,0004214495
5207 Coventry CtDetached$759,6983218583
351 3rd StAttached$924,90033.520423
837 Oak StDetached$999,95032.527965
580 Weidman CtDetached$1,100,00053.539525
12975 Elk Rock RdDetached$1,379,00053.545694
589 7th StDetached$1,549,00054.533873
21 D Ave #9Condo$2,000,80022.524110
13649 Goodall RdDetached$2,499,90044.5+.5528856

Sold/Closed Jan 24-30, 2022

AddressTypeList PriceSold PriceSq FeetDOM
572 State St 8CCondo$324,900$317,50091447
16250 Pacific Hwy #75Condo$355,000$350,000159329
1694 BonniebraeAttached$415,000$445,0008642
16191 Lake Forest BlvdDetached$550,000$550,00086414
1247 Cedar StDetached$550,000$600,0002,0229
6472 Dawn StDetached$695,000$624,0161032110
12363 Clara LnDetached$699,999$709,00013903
770 5th StDetached$975,000$975,000318045
1011 Spruce StDetached$1,049,000$1,019,00021014
6720 Childs RdDetached$2,395,000$2,200,000689864
1475 Oak TerrDetached$4,349,000$4,100,0003674114

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

Lake Oswego Canals

The city/town of Lake Oswego completely surrounds Oswego Lake. Living here is all about the water. There are various options when it comes to considering waterfront property. The main lake is one (most expensive option) the bays are another possibility, and then there are the unique and beautiful canals that are actually more affordable & have that other-worldly or at least Venetian feel.

But whether you live waterfront or not, the water is a constant companion & everything in Lake Oswego is built to accommodate it’s flow. Before I became a Realtor (waaaay back ; ) I used to work in Lake Oswego. And I would drive from my Palisades home via South Shore Blvd to get to my office. I love that drive, and especially love passing over the bridges that cross the canals. There is such a peaceful feeling to it. The only better commute came when I shifted to an in-home office! But of course I can always find a reason, work-related or not, to wind my way along South Shore.

Traversing along South Shore, you cross three bridges. Oswego Canal runs alongside Kelok Rd & was completed in 1872 when it was dug with the intention to connect the Tualatin River to the Willamette River via “Sucker Lake” (originally known “Waluga Lake” & later more eloquently renamed from the “Sucker Lake” moniker given it by the settlers). It was widened in 1881. Originally this canal was meant to allow for lumber & other goods to traverse across the lake & then move on to the Willamette across a very short distance via a planned series of aqueducts to adjust for elevation differences. Those aqueduct plans were eventually scrubbed after Willamette Falls Locks created a new and easier/preferable shipping option than the Tualatin River.

The other two canals that you cross over when taking that beautiful scenic drive are the Blue Heron Bay/Canal. It winds along and ends before you reach Bryant Rd, not connecting to any other body of water than Oswego Lake. West Bay also has a shorter canal that you’ll cross over while on South Shore that leads from the lake to the bay.

On the other side of the lake, a short canal was dug back in 1828 to connect to a marshy area called the Duck Pond which was flooded and then became a part of the lake. We know it as Lakewood Bay near city-center shops, restaurants, the theater, Millenium Plaza Park, and Hwy 43/State St. There is a little bridge over the canal at Northshore Rd.

Market Activity ~Jan 17-23, 2022

Greetings Dear Property Blotter Readers! Last week we had just one property come to market, and that one was on the market in December/then something happened & it came back as available. It is a beautiful home! I used to live right up the hill from it and though it backs to a busy road, the landscaping and well-nurtured privacy they’ve created is really something to see. Plus, it is in a coveted spot in Palisades! It’s very near to where the Palisades Market used to be…I called it Planet Palisades as when you walked in the door (which I did often), the ambience and the people who worked there really did make your day…every time. There is a New Seasons slated to go in that space and I have a feeling they will carry that whole tradition forward. The 7 Dees landscaping nursery is also nearby, as is a really nice Thai dining place, as well as easy access on Stafford or South Shore or Hwy 43…its all close, and the list goes on. Check it out if you’re looking.

We also saw 11 properties move to Pending status, and 10 that Closed/Sold. Right now there are 36 properties available in Lake Oswego from $248,000 to $5.2.

Here is the breakdown for last week according to RMLS:

NEW Jan 17-23, 2022

AddressList Price# Beds# BathsTotal SFProp Type
1720 KILKENNY DR $        699,90032.11348DETACHD

PENDING Jan 17-23, 2022

AddressList Price# Beds# BathsTotal SFProp TypeDays
100 KERR PKWY  #38$185,00011628CONDO123
30 CRESTFIELD CT$290,00022989CONDO1
1719 ASPEN CT$575,000321444DETACHD49
16940 SW TRACY AVE$650,00041.21656DETACHD88
17763 MARDEE AVE$741,900532110DETACHD6
8 DA VINCI ST$779,000532906DETACHD4
19001 REDWING WAY$829,00032.12116DETACHD3
12962 KNAUS RD$829,00032.11952DETACHD230
14361 SHERBROOK PL$899,00032.12100DETACHD2
17095 WESTVIEW DR$985,000433356DETACHD2
13888 SHIREVA DR$1,200,00052.13827DETACHD4

SOLD Jan 17-23. 2022

AddressOpeningClosedBedsBathsSFProp TypeDays
100 KERR PKWY  #19$170,000$170,00011617CONDO52
200 SW Burnham RD  #203$299,000$296,000211199CONDO29
4429 THUNDER VISTA LN$479,900$455,00022.12002CONDO111
4 PREAKNESS CT$550,000$500,000321985ATTACHD32
4939 HAMPTON CT$895,000$900,00042.12971DETACHD62
41 AQUINAS ST$785,000$985,00043.13558DETACHD1
425 KENWOOD RD$1,090,000$1,140,00032.13527DETACHD6
223 Cornell CT$965,000$1,190,00053.13756DETACHD10
1913 CHERYL CT$1,895,000$1,699,00044.15341DETACHD103
4247 LORDS LN$2,650,000$2,275,00043.13785DETACHD115

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.

The Best Playground, Ever

The playground at Hallinan Elementary School is, in my opinion, the best playground that I have experienced with both my kids and with my grand kids. It’s HUGE with so many slides, things to climb on, and a vast array of simple to complex physical challenges for kids.

Before I moved to Lake Oswego, over 20 years ago, I lived in SE Portland. I must have discovered this playground while showing houses in the neighborhood. After I found it, I began driving to Lake Oswego with my children to enjoy it with them.

Along with the playground, there is a huge field that has a walking path around it. When my kids got older, I could bring them there and take a walk while having a visual on them as they played.

Bear in mind that it’s only available when school is not in session. The school is located at 16800 Hawthorne Dr in the Hallinan neighborhood of Lake Oswego.

Get out there and enjoy the fresh air with your kids and your grand kids! And, as always, thanks for reading the blotter.

Dianne

Market Activity January 10-16, 2022

We are still in the slowness of winter with just 4 new listings, 9 pending sales, and 7 sold/closed properties in Lake Oswego last week. Having said that, it’s a hot market. Inventory is just so low and when a house comes onto the market, bidding wars are common. As we move into February, I expect the inventory to improve. It is a great time to list your house for sale!

See below for RMLS data.

New on the Market January 10-16, 2022

AddressTypePriceBRBathsSq Ft
959 Lee StDetached$719,000322340
17763 Mardee AveDetached$741,900532110
566 4th StAttached$1,549,00044.5+.53376
5001 Park Bluff PlDetached$2,200,000444022

Pending Sales January 10-16, 2022

AddressTypePriceBRBathsSq FtCDOM
4632 Lower Dr B2Condo$320,00021.5117029
19 Britten CtAttached$535,0002213945
4 Preakness CtAttached$550,00032198532
17617 Sydni CtCondo$799,90052.5263435
13522 Provencial Hill WayDetached$899,00032.532441
17154 Lowenberg TerrDetached$1,295,00053.5341240
180 Iron Mountain BlvdDetached$1,495,000543378124
16538 Maple CircleDetached$1,550,00043.528544
567 10th StDetached$1,800,00043.5470685

Sold/Closed January 10-16, 2022

AddressTypeList PriceSold PriceSq FeetDOM
58 Galen StCondo$224,900$215,00068725
156 Ridgeway RdCondo$450,000$420,0001758174
2320 Glen Haven RdDetached$649,000$680,00013461
326 Lake Bay CtDetached$820,000$820,00014273
1500 Morning Sky CtDetached$1,178,000$1,098,0004,402107
769 4th StDetached$1,965,000$1,965,000392229
2643 Southshore BlvdDetached$3,300,000$2,750,0004543146

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.

News & Notes ~ Dec 2021 + Year-End Comparison

Every year I like to add in a comparison at the end of the year to the year prior being as the December report offers a unique opportunity to look at just that. So, below you’ll find our usual monthly overview & Neighborhood Report along with a comparison; 2021 to 2020.

As always, Lake Oswego info for Dec 2021 is broken out below as well.

Overview/Fluctuations ~  Market Data Dec 2021 (+2020):    

Inventory is now at a stunning 0.6 months of supply in the Portland area for December. Our supply has simply never been this low… a little more than 2 weeks of Inventory available. Rates as of this writing are hovering around 3.5%, and the Fed is signaling that rates will be rising.                                      

The twelve months of 2021 compared to 2020:

New Listings, (40,531) increased 5.4%.Pending Sales (35,405) increased 7.8%, and –Closed Sales (35,182) increased 9.8%.   ***By Comparison, Twelve months of 2020 (to compare to 2021 above) from last year’s December report read: -New Listings, (38,442) decreased 5.2%, -Pending Sales (32,849) increased 7.9%, and -Closed Sales (32,031) increased 7.8%.

LAKE OSWEGO:

63 Active Listings (Nov 92)
71 New Listings  (Nov 99)
82 Pending Sales (Nov 124)
134 Closed Sales  (Nov 127)
Average Sale Price for Nov: $1,024,400 (Nov $964,300)
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.
29 Days on the Market   (Nov 36)

Market Activity ~ Jan 3-9, 2022

This first full week in the New Year we had only ONE property go on the market in Lake Oswego, and that one is a major fixer/possible rebuild over by George Rogers Park (per the Listing). In my Master’s Group, Realtors are begging each other to list the properties they have in their pockets. My guess is that Sellers are seeing the news of Omicron likely hitting peak soon to then taper off… and so are holding on a bit longer. IMHO there may be a flood of new properties hitting the market in the near future, and anyone in their right mind ought to list their property *now*. All in all, if you’re Buying… hold ‘yer horses! Things will change soon.

There were 11 properties that moved to Pending status and 16 that Closed/Sold last week as well. Right now there are 38 homes available in Lake Oswego.

Here is the data according to RMLS:

NEW Jan 3-9, 2022

AddressList Price# Beds# BathsTotal SFProp Type
143 CHURCH ST$700,000211220DETACHD

PENDING Jan 3-9, 2022

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
200 SW Burnham RD, #203$299,000211199CONDO29
4632 LOWER DR, B2$320,00021.11170CONDO19
16250 PACIFIC HWY, #75$355,000321593CONDO29
1694 BONNIEBRAE DR$415,00021864ATTACHD2
4325 SILVER CT / Upper$499,00032.11844CONDO49
1247 CEDAR ST$550,000322022DETACHD9
1719 ASPEN CT$575,000321444DETACHD31
302 LAUREL ST$679,000321907DETACHD6
770 5TH ST$975,00033.13180DETACHD45
17908 BLUE HERON DR$1,850,000344172DETACHD58
4247 LORDS LN$2,275,00043.13785DETACHD115

SOLD Jan 3-9, 2022

AddressOpening PriceClosed PriceBedsBathsSFProp TypeDays
100 KERR PKWY #51 $      179,000.00 $      186,000.0011617CONDO7
4 TOUCHSTONE  #76 $      234,900.00 $      228,000.0022984CONDO27
4610 LOWER DR / Main $      325,000.00 $      310,000.0021.11260CONDO22
86 KINGSGATE RD, E203 $      325,000.00 $      325,000.0022924CONDO3
4000 CARMAN DR  #92 $      349,000.00 $      349,000.0022999CONDO12
1455 HALLINAN ST $      639,900.00 $      650,000.0032.11325DETACHD5
8 PHEASANT RUN $      649,950.00 $      675,000.0042.11845DETACHD5
5431 BONITA RD $      859,000.00 $      835,000.00432784DETACHD15
548 4TH ST $  1,524,900.00 $  1,450,000.0034.13186ATTACHD103
19317 LORNA LN $  1,699,000.00 $  1,515,000.0054.14634DETACHD186
4118 GLACIER LILY ST $  1,499,500.00 $  1,625,000.0043.14452DETACHD3
312 9TH ST $  1,650,000.00 $  1,650,000.0032.12686DETACHD8
1155 CRESTLINE CT $  2,195,000.00 $  2,010,998.0054.17438DETACHD73
16847 GREENBRIER RD $  2,598,000.00 $  2,598,000.0032.12360DETACHD0
16767 GRAEF CIR $  2,950,000.00 $  2,700,000.0044.14222DETACHD13
1226 NORTHSHORE RD $  7,000,000.00 $  5,500,000.0045.16330DETACHD160
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 Dec 20, 2021-Jan 2, 2022

The winter break is such a breath of fresh air. We all get to slow down a bit and enjoy our home hearth with our family and our friends. Thank you all for being readers of the blotter, and for allowing Linda and I to take a break for a couple of weeks. But now we are back at it. The market is healthy and strong and we are gearing up for the late winter and spring housing market.

I don’t think that there has ever been a better time to put a house on the market. Truly, list now if you are planning to sell. The inventory is very, very low. The Federal Reserve has announced that they intend to impliement several interest rate increases in the coming year and there are hordes of buyers wanting to buy before that happens. This is a GREAT time to list a house!

Looking at the numbers in real estate for Lake Oswego in the last two weeks we saw just 3 new listings, 10 houses go into pending status, and 25 sold/closed properties.

See below for more RMLS data.

New Listings Dec 20, 2021-Jan 2, 2022

AddressTypePriceBRBathsSq Ft
45 Eagle Crest Dr #311Condo$285,000221046
1247 Cedar StDetached$550,000322022
302 Laurel StDetached$679,000321907

Pending Dec 20, 2021-Jan 2, 2022

AddressTypePriceBRBathsSq FtCDOM
572 S State St 8CCondo$319,9002191447
4000 Carman Dr #92Condo$349,0002299912
16191 Lake Forest BlvdDetached$500,0003186414
6317 Carman DrDetached$599,00031.5134478
4966 Galen StDetached$600,0003216995
2320 Glen Haven RdDetached$649,00031.513461
52 Northview CtAttached$649,90032.5219854
6472 Dawn StDetached$650,000321032110
1118 Oak StDetached$650,00031.5132012
115 Touchstone TerrAttached$670,00043.5256079

Sold/Closed Dec 20, 2021-Jan 2, 2022

AddressTypeList PriceSold PriceSq FeetDOM
9 Oswego SummitCondo$218,000$218,0007646
44 Eagle Crest DR #36Condo$250,000$248,5009033
4000 Carman Dr G108Condo$249,000$271,5007673
59 Oswego SummitCondo$295,000$295,00011402
7155 Childs RdCondo$278,000$300,0009164
86 Kingsgate Rd E103Condo$355,000$355,00092466
17347 Ashley CtAttached$650,000$645,946211734
16989 Tualatin StDetached$690,000$650,000149150
4104 Lakeview BlvdDetached$849,000$722,000224487
13470 Peters RdAttached$799,500$827,00023244
1407 Greentree CircleDetached$835,000$876,00022013
4080 Coltsfoot LnDetached$899,900$884,900288411
365 3rd StAttached$899,000$910,00021543
17288 Blue Heron RdDetached$1,775,000$1,050,0004128405
755 Ellis AveDetached$829,000$1,100,00022485
3777 Rivers Edge DrDetached$1,095,000$1,100,00028756
18168 Westminster DrDetached$1,099,000$1,150,00042205
14405 Pfeifer DrDetached$1,250,000$1,250,00038534
828 7th StDetached$1,250,000$1,400,00024184
1300 Tyndall CtDetached$1,299,950$1,400,88824184
5918 Seville AveDetached$1,289,800$1,405,345177624
2245 Glen Haven RdDetached$1,950,000$1,950,00038309
637 Englewood DrDetached$2,825,000$2,695,000423119
2101 Wembley Park RdDetached$2,750,000$2,700,000471019
1101 Crestline CtDetached$3,695,000$2,775,0007226415

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