Portland Neighborhoods Archives - Page 4 of 6

August 22, 2021September 11, 2022

News & Notes ~ July Numbers 2021

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 July 2021: Things typically start to slow a bit in July. We saw a change in the usual pattern last year with activity pushing through the summer months. This year there is still lots of activity, but for two months in a row we see prices in some areas looking like they *may* be showing signs of jockeying into some kind of stabilization. We’ll check again next month.

Inventory rose another .1% in July, so people are perhaps starting to reach the end of their “waiting-to-sell” ropes. We usually see an uptick in the fall after vacations, so again, we’ll take a look at the trend next month to see if there really is a pattern developing. If there is… I can only say it’s a pretty subdued one. Houses are still hard to come by driving higher prices. Rates are around 3.125%.

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

There were 4,267 New Listings in July 2021 increasing 0.7% over July 2020’s 4,236 and decreasing 0.7% from the previous month/June’s 4,298.
At 3,439, July 2021’s Closed Sales are up 1.4% from July 2020’s 3,391, dropping 1.1% from the previous month/June’s total of 3,477
At 3,534, June 2021’s Pending Sales decreased 8.3% from July 2020’s 3,656, and also dropped 5.1% from the previous month/June’s total of 3,534.
The Average Sale Price in July 2021 of $593,100 is up $90,800 from last year/July2020’s $502,300, and down $4,000. from the previous month/June’s $597,100.
The “Median” Sale Price (the price smack dab in the middle of all sales) in July 2021 of $522,000 rose $77,000 from last year/July 2020’s $445,000, and also increased $1,000 from the previous month/June’s $521,000.

LAKE OSWEGO:

165 Active Listings (June 146)
214 New Listings (June 262)
177 Pending Sales (June202)
184 Closed Sales (June 229)
Average Sale Price for July: $1,020,600 (June $1,018,100)
- 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.
19 Average Days on the Market (June 21)

August 19, 2021September 11, 2022

Market Activity ~ Aug 9-15, 2021

This last week we saw 10 properties enter the market, 31 move to Pending status (accepted offers) and 26 that Closed/Sold. This is the first time in awhile that I’ve not eliminated any “refreshed” properties from the “New” category…no need for refreshing, I suppose. Right now there are 90- beautiful homes available in Lake Oswego.

NEW Aug 9-15, 2021

Address	List Price	Beds	Baths	SF	Prop Type
210 S STATE ST #9	$535,000	3	2.1	1642	CONDO
17830 SW TUALATA AVE	$595,000	3	2	1373	DETACHD
26 BRIARWOOD RD	$665,000	4	3.1	2554	DETACHD
6666 SW CHILDS RD	$750,000	3	1	2408	DETACHD
16510 MAPLE CIR	$899,000	4	2.1	2295	DETACHD
5923 BAY POINT DR	$925,000	5	3	3187	DETACHD
4224 HAVEN ST	$1,199,950	5	2	2600	DETACHD
14495 PFEIFER DR	$1,299,900	4	3	3944	DETACHD
15012 TWIN FIR RD	$2,395,000	5	3.1	3845	DETACHD
1051 SW FOREST MEADOWS WAY	$4,149,000	6	6.1	5597	DETACHD

PENDING Aug 9-15, 2021

Address	List Price	Beds	Baths	SF	Prop Type	CDOM
4 TOUCHSTONE #62	$204,950	3	2.1	1351	CONDO	46
47 EAGLE CREST DR #41	$230,000	2	1	932	CONDO	14
4 TOUCHSTONE #74	$235,000	3	2.1	1351	CONDO	8
12848 BOONES FERRY RD	$425,000	2	2.1	1182	CONDO	0
12826 Boones Ferry RD	$445,000	2	2.1	1182	CONDO	6
41 ORIOLE LN	$500,000	2	2	1564	DETACHD	10
17 AQUINAS ST	$599,900	3	2	2139	DETACHD	6
4241 COBB WAY	$599,950	3	2	1484	DETACHD	8
18431 INDIAN CREEK DR	$635,000	4	2	1736	DETACHD	17
457 LAUREL ST	$650,000	3	3	2264	DETACHD	14
5795 LANGFORD LN	$659,000	2	2	1687	DETACHD	0
1672 HIGHLAND DR	$699,900	4	2	1867	DETACHD	4
2697 LOOKOUT CT	$720,000	3	2	2219	DETACHD	29
12 MORNINGVIEW LN	$730,000	3	2.1	2718	ATTACHD	4
16904 CHERRY CREST AVE	$759,000	3	2	2167	DETACHD	2
5466 BAY CREEK DR	$789,000	3	3	2535	DETACHD	4
1580 WOODLAND TER	$835,000	3	2.1	2430	DETACHD	4
18360 TUALATA AVE	$845,000	5	2.1	2703	DETACHD	10
14121 REDWOOD CT	$885,000	4	3.1	2827	DETACHD	24
16750 PHANTOM BLUFF CT	$899,000	3	3	2267	DETACHD	2
41 TOUCHSTONE	$920,000	4	3	3090	DETACHD	21
18430 PILKINGTON RD	$1,095,000	4	3	3021	DETACHD	77
5316 CHILDS RD	$1,097,770	6	2.1	3847	DETACHD	318
12730 ADRIAN CT	$1,195,000	4	2.1	3014	DETACHD	24
14360 UPLANDS DR	$1,230,000	4	3.2	2577	DETACHD	16
17467 WESTVIEW DR	$1,275,000	4	3.1	4119	DETACHD	4
2950 GREENTREE RD	$1,495,000	4	3.1	3691	DETACHD	8
2442 PALISADES CREST DR	$1,598,000	4	2.1	3071	DETACHD	4
855 G AVE	$2,000,000	3	2.1	3710	DETACHD	17
1889 HIGHLANDS LOOP	$5,499,000	5	6.1	6832	DETACHD	20
3328 LAKEVIEW BLVD	$6,398,000	4	5.1	6675	DETACHD	18

SOLD AUG 9-15, 2021

Address	Opening	Closed	Beds	Baths	SF	Prop Type	CDOM
39 OSWEGO SMT	$269,000	$280,500	2	2	1212	CONDO	3
4041 JEFFERSON PKWY	$289,000	$300,000	1	1.1	1060	CONDO	4
1367 BONNIEBRAE DR	$399,000	$400,000	2	1.1	1008	ATTACHD	2
1509 BONNIEBRAE DR	$482,900	$507,000	3	2.1	1739	ATTACHD	6
23 FALSTAFF ST	$649,000	$600,000	3	2	1435	DETACHD	38
5051 TUALATA LN	$714,900	$640,000	4	2	1581	DETACHD	37
5880 ROCKWOOD CT	$656,500	$680,000	3	2	1772	DETACHD	2
18811 REAO CT	$639,900	$705,000	3	2.1	1916	DETACHD	7
18426 SANDPIPER WAY	$688,000	$705,000	4	3	1884	DETACHD	5
537 COUNTRY CLUB RD	$849,000	$760,000	3	2	1901	DETACHD	93
13041 THOMA RD	$770,000	$760,000	3	2.1	2418	DETACHD	4
1811 KILKENNY DR	$758,000	$780,000	4	3	3794	DETACHD	0
32 MORNINGVIEW CIR	$750,000	$799,000	3	2.1	2718	DETACHD	7
1672 LAKE FRONT RD	$650,000	$805,000	3	2	1768	DETACHD	5
2440 OVERLOOK DR	$879,900	$825,000	4	3	3850	DETACHD	15
5895 SUNCREEK DR	$749,000	$910,000	4	2	2379	DETACHD	5
17 WESTRIDGE DR	$875,000	$935,000	4	3.2	3533	DETACHD	11
3830 TEMPEST DR	$999,995	$937,000	3	2.1	3099	DETACHD	22
16933 GREENTREE AVE	$874,900	$975,000	4	2.1	2276	DETACHD	28
1931 PARK FOREST CT	$1,025,000	$1,085,000	6	4.1	4107	DETACHD	6
17649 WOODHURST PL	$1,198,000	$1,120,000	5	4.1	5669	DETACHD	103
4440 UPPER DR	$1,899,000	$1,850,000	4	3.1	3583	DETACHD	42
18783 STAFFORD RD	$2,295,000	$1,875,000	5	4.2	5757	DETACHD	147
1978 EGAN WAY	$2,198,000	$2,095,150	4	5.2	6761	DETACHD	64
18098 PILKINGTON RD	$2,199,000	$2,277,000	4	5.1	6680	DETACHD	6
3183 DOUGLAS CIR	$3,450,000	$3,450,000	4	4.1	5595	DETACHD	0

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.

August 9, 2021August 10, 2021

Someone’s Got to Do It!

Monday, August 9th is Realtor Day at the Street of Dreams. Dianne and I decided to get a jump on everything and visited a day early. I know she wants to do a post on trends, so I won’t share the most fun pictures with you, but here we are as real human Realtors doing the hard investigative work for YOU!

Here is Dianne in very good hands (sorry…couldn’t resist : )

Again… we work hard for you.

Dianne hated this bathroom ; )

AND we’re learning that (as we wipe our brows) we really need to avail ourselves of the help that has become so common in all of our lives. (So bougie…)

Lastly, with all that energy we save by not having to mow our lawns, we can now relax with a few of our best moves on the court.

Seriously, it was a lovely day. Dianne and I get to see a lot of homes obviously, but its always a treat to see the latest trends in layout, materials, fixtures & colors. As I mentioned, Dianne will be covering these trends, so I’ll let her share the meaty stuff, but I will say that it is very worth your while this year. Here is a link to get your ticket! You may visit 10AM-9PM through August 22nd. They’re closed Mondays & Tuesdays. CLICK HERE

August 6, 2021September 11, 2022

Market Activity ~ July 26-Aug 1, 2021

There were 11 homes entering the market last week, 19 that moved to Pending status (accepted offers) and 30 that Closed/Sold. Right now there are 109 lovely properties available in Lake Oswego!

Here is the breakdown using RMLS data:

NEW July 26-Aug 1, 2021

	List Price	Beds	Baths	SF	Type
47 EAGLE CREST DR #41	$230,000	2	1	932	CONDO
4 TOUCHSTONE #143	$239,000	3	2.1	1351	CONDO
1589 BOCA RATAN DR	$470,000	3	2	1611	ATTACHD
457 LAUREL ST	$650,000	3	3	2264	DETACHD
18431 INDIAN CREEK DR	$660,000	4	2	1736	DETACHD
15964 WHITE OAKS DR	$949,900	4	2.1	3015	DETACHD
13060 SW ELK ROCK RD	$1,178,000	4	3	3681	DETACHD
7 GARIBALDI ST	$1,450,000	4	3.1	6303	DETACHD
14050 GOODALL RD	$2,350,000	5	4.2	6943	DETACHD
2643 SOUTHSHORE BLVD	$3,300,000	3	3.2	4543	DETACHD
1199 FAIRWAY RD	$3,498,000	4	4.2	5527	DETACHD

PENDING July 26-Aug 1, 2021

Address	List Price	Beds	Baths	SF	Type	Days
4 TOUCHSTONE #66	$205,000	3	2.1	1351	CONDO	6
16250 PACIFIC HWY #78	$343,500	2	2	1305	CONDO	35
5058 FOOTHILLS DR, A	$420,000	3	2	1252	CONDO	8
17500 PILKINGTON RD	$460,000	2	1	1050	DETACHD	8
15115 QUARRY RD	$650,000	4	3	2865	DETACHD	19
5101 ROSEWOOD ST	$665,000	3	2.1	1736	DETACHD	4
13198 PETERS RD	$695,000	3	2.1	2630	DETACHD	29
17 MORNINGVIEW CIR	$785,000	3	2.1	2532	DETACHD	6
4987 BILFORD LN	$799,900	3	2.1	2302	DETACHD	5
1520 EASTVIEW CT	$963,000	4	4	3789	DETACHD	4
4750 UPPER DR	$1,100,000	5	3.1	3091	DETACHD	125
17543 LAKE HAVEN DR	$1,185,000	4	2.1	2333	DETACHD	9
427 9TH ST	$1,199,000	5	3.1	3250	DETACHD	12
17190 WALL ST	$1,395,000	5	4.2	6702	DETACHD	131
151 3RD ST #1	$1,499,000	3	2.1	3278	CONDO	37
2167 WEMBLEY PARK RD	$1,750,000	4	3.1	4015	DETACHD	9
2572 GLEN EAGLES PL	$2,195,000	5	4.2	6532	DETACHD	107
1677 LESLIE LN	$2,390,000	4	6.1	7534	DETACHD	147
2945 UPPER DR	$2,500,000	4	4.1	4227	DETACHD	0

SOLD July 26-Aug 1, 2021

Address	Open	Closed	Beds	Baths	SF	Type
42 CERVANTES CIR #4B	$250,000	$261,000	2	1.1	912	CONDO
153 OSWEGO SMT, Lower	$279,990	$269,000	2	2	1677	CONDO
163 OSWEGO SMT, Upper	$285,000	$310,000	2	2	1506	CONDO
16250 PACIFIC HWY #41	$360,000	$350,000	2	2	1380	CONDO
#10	$515,000	$500,000	2	2.1	1743	CONDO
5616 CHILDS RD	$495,000	$536,000	3	1	1232	DETACHD
53 ORIOLE LN	$549,000	$545,000	3	2.1	2072	DETACHD
38 NORTHVIEW CT	$638,900	$618,000	4	4	3125	ATTACHD
1701 ASPEN CT	$663,800	$663,800	3	2	1956	DETACHD
5 BECKET ST	$685,000	$685,000	4	2.1	3654	DETACHD
17 CHURCHILL DOWNS	$649,900	$712,000	4	3	1966	DETACHD
217 HIDALGO ST	$769,900	$737,450	3	2.1	4312	DETACHD
5440 BAY CREEK DR	$775,000	$840,000	3	2.1	2442	DETACHD
9 PREAKNESS CT	$849,900	$875,000	4	3	3750	DETACHD
1692 HIGHLAND DR	$795,000	$905,000	4	3	2162	DETACHD
1874 GLENMORRIE TER	$950,000	$952,000	3	3	3508	DETACHD
1503 PINE ST	$875,000	$959,000	4	3	2842	DETACHD
5681 YORKSHIRE CT	$894,900	$962,500	4	2.1	2985	DETACHD
1704 GLENMORRIE TER	$950,000	$965,000	5	2.1	4292	DETACHD
663 CARRERA LN	$899,000	$1,000,000	3	2	2356	DETACHD
125 FURNACE ST, Upper	$995,000	$1,075,000	2	2.1	1927	CONDO
12723 ADRIAN CT	$1,098,000	$1,098,000	4	3	3190	DETACHD
5933 SUNCREEK DR	$1,250,000	$1,200,000	4	3.2	4027	DETACHD
18635 WESTVIEW DR	$1,150,000	$1,275,000	4	5	5102	DETACHD
19305 HILL TOP RD	$1,375,000	$1,405,000	4	3.1	5116	DETACHD
569 7TH ST	$1,450,000	$1,450,000	4	4	3135	DETACHD
4502 LAMONT WAY	$1,795,000	$1,675,000	4	4	3880	DETACHD
301 IRON MOUNTAIN BLVD	$1,649,000	$1,752,000	4	3.2	3036	DETACHD
2254 KNAUS RD	$4,125,000	$3,900,000	4	5.1	7436	DETACHD
1617 LAKE FRONT RD	$4,500,000	$4,500,000	4	4.1	4610	DETACHD

July 26, 2021September 11, 2022

News & Notes ~ June Numbers 2021

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 June 2021:

New Listings and Closings increased in June, and/but Accepted Offers (Pendings) decreased from last year’s June figures as well as last month /May.

Inventory rose a whopping .1% in June (ha ha). We’re still at record (record) lows. While we’re talking records, check out those neighborhood appreciation levels below. Just wow.

My trusted mortgage advisor says rates are down a bit to 3.0%! Fed is indicating that they’ll continue to support the markets as the job picture improves.

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

There were 4,298 New Listings in June 2021 increased 17.5% over April 2020’s 3,658 and increased 8.2% from the previous month/May’s 3,971.
At 3,477, June 2021’s Closed Sales are up 28.3% from June 2020’s 2,709, and also up 9.2% from the previous month/May’s total of 3,183
At 3,534, June 2021’s Pending Sales decreased 3.3% from June 2020’s 3,654, and also dropped 4.9% from the previous month/May’s total of 3,717.
The Average Sale Price in June 2021 of $597,100 is up $117,400 from last year/June2020’s $479,700, and up $14,900. from the previous month/May’s $582,200.
The “Median” Sale Price (the price smack dab in the middle of all sales) in June 2021 of $521,000 rose $86,000 from last year/June 2020’s $435,000, and also increased $6,000 from the previous month/May’s $515,000.

LAKE OSWEGO

146 Active Listings (May 129)
262 New Listings (May 222)
202 Pending Sales (May223)
229 Closed Sales (May 199)
Average Sale Price for June: $1,018,100 (May $928,300)
- 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.
21 Average Days on the Market (May 28)

July 24, 2021September 11, 2022

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

Address	List Price	# Beds	# Baths	Total SF	Prop Type
29 CRESTFIELD CT / Grnd	$249,900	2	2	989	CONDO
36 CRESTFIELD CT / Upper	$295,000	2	1	921	CONDO
18281 WOOD THRUSH CIR	$715,000	4	2.1	2240	DETACHD
2697 LOOKOUT CT	$720,000	3	2	2219	DETACHD
1430 LARCH ST	$815,000	3	3	2312	DETACHD
4 SHERWOOD CT	$825,000	4	2.1	2870	DETACHD
3065 ROYCE WAY	$835,000	4	2.1	2726	DETACHD
14121 REDWOOD CT	$969,900	4	3.1	2827	DETACHD
1535 PINE ST	$1,100,000	3	2.1	2390	DETACHD
427 9TH ST	$1,199,000	5	3.1	3250	DETACHD
45 NANSEN SMT	$1,250,000	4	4.1	5874	DETACHD
12730 ADRIAN CT	$1,295,000	4	2.1	3014	DETACHD
732 ELLIS AVE	$2,350,000	4	2.1	3482	DETACHD
17475 BLUE HERON RD	$3,995,000	5	5.1	5787	DETACHD

PENDING July 12-18, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
45 EAGLE CREST DR #49	$249,900	2	2	1214	CONDO	5
163 OSWEGO SMT / Upper	$285,000	2	2	1506	CONDO	2
4041 JEFFERSON PKWY	$289,000	1	1.1	1060	CONDO	4
16250 PACIFIC HWY #41	$360,000	2	2	1380	CONDO	20
6135 SHAKESPEARE ST	$549,900	4	2	1656	DETACHD	21
16501 LAKE FOREST BLVD	$550,000	3	1	1429	DETACHD	28
31 ORIOLE LN	$569,000	3	3	1968	DETACHD	4
17902 TAMARA AVE	$569,900	4	2	2082	DETACHD	4
6545 SW Childs RD	$600,000	6	4	3134	DETACHD	1
23 FALSTAFF ST	$629,000	3	2	1435	DETACHD	38
18811 REAO CT	$639,900	3	2.1	1916	DETACHD	7
6227 WAYZATA CT	$649,999	3	1.1	1232	DETACHD	7
5880 ROCKWOOD CT	$656,500	3	2	1772	DETACHD	2
4 PIMLICO TER	$690,000	3	2	2100	DETACHD	3
9 SPINOSA	$749,000	2	2.1	2250	DETACHD	5
1811 KILKENNY DR	$758,000	4	3	3794	DETACHD	0
17802 HILLSIDE WAY	$779,800	4	2.1	3026	DETACHD	23
759 TIMBERLINE DR	$825,000	4	3	2928	DETACHD	21
16933 GREENTREE AVE	$874,900	4	2.1	2276	DETACHD	28
3333 ROYCE WAY	$949,900	3	2.1	2896	DETACHD	7
18320 DELENKA LN	$995,000	4	2.1	4519	DETACHD	67
17649 WOODHURST PL	$1,198,000	5	4.1	5669	DETACHD	103
4210 VIRGINIA WAY	$1,489,000	4	4.1	3508	DETACHD	58
19395 HILL TOP RD	$1,575,000	5	3.2	4788	DETACHD	4
13700 FIELDING RD	$4,998,000	5	4.2	5802	DETACHD	3

SOLD July 12-18, 2021

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
23 CRESTFIELD CT / Grnd	$199,000	$220,000	1	1	689	CONDO	2
4 TOUCHSTONE #123	$215,000	$225,000	3	2.1	1351	CONDO	26
45 EAGLE CREST DR #311	$245,000	$260,000	2	2	1046	CONDO	2
4000 CARMAN DR, E80	$289,000	$289,000	2	2	993	CONDO	28
3892 BOTTICELLI ST / Main	$303,500	$305,000	3	2	1288	CONDO	4
5691 WINDFIELD LOOP	$599,000	$594,000	3	2	1588	DETACHD	6
16775 WESTVIEW DR	$629,000	$693,000	3	2	1806	DETACHD	4
13019 SIERRA CT	$819,000	$805,000	4	2.1	2522	DETACHD	8
19001 BARTON RD	$899,000	$830,000	4	2.1	2194	DETACHD	13
18343 ANDUIN TER	$995,000	$970,000	4	2.1	3000	DETACHD	19
5774 BAY POINT DR	$1,195,000	$1,119,000	5	2.1	3674	DETACHD	25
18711 WESTVIEW DR	$1,195,000	$1,200,000	4	3.1	3592	DETACHD	6
5024 DOGWOOD DR	$1,195,000	$1,358,000	4	3.1	3267	DETACHD	2
4640 DOGWOOD DR	$1,550,000	$1,400,000	4	4	4142	DETACHD	9
560 4TH ST	$1,449,000	$1,450,000	3	4.1	3186	ATTACHD	23
3729 ELEANOR CT	$1,598,000	$1,500,000	4	4.1	4061	DETACHD	9
18031 MEADOWLARK LN	$1,585,000	$1,525,000	4	3.1	3798	DETACHD	5
853 D AVE	$1,950,000	$1,812,500	4	3.1	5137	DETACHD	56
1845 PALISADES TERRACE DR	$3,650,000	$2,990,000	3	2.1	2674	DETACHD	17
1125 MAPLE ST	$3,900,000	$3,650,000	4	3.1	6254	DETACHD	82

July 11, 2021July 11, 2021

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.

July 10, 2021September 11, 2022

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

Address	List Price	# Beds	# Baths	Total SF	Prop Type
422 S STATE ST	$324,997	2	1	1659	CONDO
162 OSWEGO SMT #162	$419,950	2	2	1506	CONDO
13198 PETERS RD	$695,000	3	2.1	2630	DETACHD
18571 WAXWING WAY	$810,000	4	2.1	2151	DETACHD
2936 SW ORCHARD HILL PL	$998,000	4	2.1	3419	DETACHD
14002 CHELSEA DR	$1,195,000	4	2.1	3457	DETACHD
2420 PRESTWICK RD	$2,500,000	6	3.1	3723	DETACHD

PENDING June 28 – July 4, 2021

Address	List Price	# Beds	# Baths	SF	Prop Type	DOM
153 OSWEGO SMT / Lower	$269,000	2	2	1677	CONDO	27
39 OSWEGO SMT / Grnd	$269,000	2	2	1212	CONDO	3
4000 CARMAN DR #E80	$289,000	2	2	993	CONDO	28
5061 FOOTHILLS DR, C	$335,000	2	2	991	CONDO	8
210 S STATE ST #10	$515,000	2	2.1	1743	CONDO	7
53 ORIOLE LN	$549,000	3	2.1	2072	DETACHD	17
6135 SHAKESPEARE ST	$549,900	4	2	1656	DETACHD	9
16885 FERNWOOD DR	$639,500	3	2	1624	DETACHD	4
17 CHURCHILL DOWNS	$649,900	4	3	1966	DETACHD	4
4932 MULHOLLAND DR	$698,000	3	2.1	2498	ATTACHD	54
1588 CHERRY LN	$749,900	3	2	2001	DETACHD	3
17071 REBECCA LN	$775,000	3	3	2288	DETACHD	10
605 7TH ST	$775,000	2	1	2035	DETACHD	3
1692 HIGHLAND DR	$795,000	4	3	2162	DETACHD	4
5675 VICTORIA CT	$825,000	3	2.1	2563	DETACHD	4
1874 GLENMORRIE TER	$920,000	3	3	3508	DETACHD	66
17904 CARDINAL PL	$949,000	3	2.1	1840	DETACHD	5
5697 CHARLES CIR	$950,000	4	2.1	3268	DETACHD	4
1704 GLENMORRIE TER	$975,000	5	2.1	4292	DETACHD	4
15136 GLEN EAGLES CT	$1,200,000	4	2.1	2607	DETACHD	4
13700 KNAUS RD	$1,245,000	3	2.1	2654	DETACHD	7
569 7TH ST	$1,450,000	4	4	3135	DETACHD	4
14088 GOODALL RD	$1,625,000	5	3.2	4441	DETACHD	25
301 IRON MOUNTAIN BLVD	$1,649,000	4	3.2	3036	DETACHD	2
4440 UPPER DR	$1,899,000	4	3.1	3583	DETACHD	42
17301 BERGIS FARM DR	$2,199,000	4	3.1	4737	DETACHD	69
1075 CHANDLER RD	$2,699,000	5	4.1	5710	DETACHD	40

SOLD June 28-July 4, 2021

Address	Opening	Closed	# Beds	# Baths	SF	Prop Type	DOM
4 TOUCHSTONE #118	$219,900	$220,000	2	2	984	CONDO	3
4000 CARMAN DR #E68	$255,000	$262,000	1	1	836	CONDO	3
44 EAGLE CREST DR #28	$260,000	$265,000	3	2	1161	CONDO	2
78 GALEN ST / Upper	$299,000	$290,000	2	2	989	CONDO	4
3688 SPRING LN #3D	$350,000	$350,000	2	2	1117	CONDO	3
19 SUMMIT RIDGE CT	$449,000	$449,000	2	2.1	1558	ATTACHD	11
6200 SHAKESPEARE ST	$540,000	$577,000	3	2	1250	DETACHD	2
4771 AUBURN LN	$679,000	$650,000	3	3.1	2183	ATTACHD	32
4396 GALEWOOD ST	$650,000	$680,000	3	2.1	1672	DETACHD	12
1131 OXFORD DR	$675,000	$715,000	4	3	2200	DETACHD	9
16441 BONAIRE AVE	$679,900	$750,000	3	1	1677	DETACHD	5
4097 BUCK BRUSH LN	$749,900	$760,000	3	2.1	2533	DETACHD	5
15481 TANAGER DR	$725,000	$768,175	3	2.1	2153	DETACHD	3
12792 SIERRA VISTA DR	$899,000	$915,000	4	2.1	3343	DETACHD	6
400 LAKE BAY CT	$1,050,000	$1,082,680	3	2.1	1904	DETACHD	3
441 9TH ST	$895,000	$1,100,000	4	2	2408	DETACHD	1
14175 TAYLORS CREST LN	$1,095,000	$1,106,000	4	3	3432	DETACHD	4
1896 PALISADES LAKE CT	$1,199,000	$1,275,000	4	3	3439	DETACHD	4
17436 KELOK RD	$1,595,000	$1,375,000	4	2.1	3054	DETACHD	32
804 2ND ST	$1,550,000	$1,450,000	5	2.1	2945	DETACHD	30
18224 BELLA TERRA DR	$1,575,000	$1,575,000	4	3.1	4050	DETACHD	8
4484 WEST BAY RD	$1,649,000	$1,631,500	5	3.1	4417	DETACHD	6
1175 CHERRY CIR	$1,850,000	$1,850,000	6	5	6300	DETACHD	12
18740 GREEN BLUFF DR	$1,800,000	$1,850,000	4	3	3645	DETACHD	3
7 DOVER WAY	$1,899,999	$1,900,000	5	5.1	7803	DETACHD	3
1099 CHERRY CIR	$1,690,000	$2,110,000	5	3.1	3796	DETACHD	5
13233 AMBER PL	$1,999,000	$2,150,000	4	4	3913	DETACHD	0
2950 WEMBLEY PARK RD	$2,499,000	$2,499,000	5	5.1	6667	DETACHD	3
460 BERGIS RD	$5,495,000	$4,321,455	6	4.1	5114	DETACHD	569

June 27, 2021September 11, 2022

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

Address	List Price	# Beds	# Baths	Total SF	Prop Type
14425 HOLLY SPRINGS RD	$770,000	5	3	2238	CONDO
1724 FERN PL	$950,000	3	3	2160	DETACHD
15776 INVERURIE RD	$1,095,000	3	2	2352	DETACHD
13207 DEERFIELD CT	$1,175,000	4	3.1	3801	DETACHD
5933 SUNCREEK DR	$1,250,000	4	3.2	4027	DETACHD
7 NANSEN SMT	$1,499,000	4	4.1	5640	DETACHD
1687 VILLAGE PARK LN	$1,500,000	4	3	3362	DETACHD
16743 SW Pacific Highway	$2,195,000	4	3.1	4340	DETACHD
420 RIDGEWAY RD	$4,250,000	4	4	3505	DETACHD

PENDING June 14-20, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
4 TOUCHSTONE, #68	$219,000	2	2	984	CONDO	58
4 TOUCHSTONE, #118	$219,900	2	2	984	CONDO	3
4000 CARMAN DR B27	$269,000	2	2	869	CONDO	2
16250 PACIFIC HWY, #48	$345,000	2	2	1305	CONDO	5
5225 JEAN RD, #203	$359,900	3	2	1400	CONDO	7
1 EAGLE CREST DR	$549,000	3	2	1290	DETACHD	4
5691 WINDFIELD LOOP	$599,000	3	2	1588	DETACHD	6
38 NORTHVIEW CT	$638,900	4	4	3125	ATTACHD	324
4124 HARVEY WAY	$649,900	3	2	1410	DETACHD	22
1701 ASPEN CT	$663,800	3	2	1956	DETACHD	5
2604 GLEN HAVEN RD	$729,900	4	2	2104	DETACHD	3
15518 HERITAGE CT	$820,000	4	3.1	2885	DETACHD	4
5760 MERIDIAN CT	$850,000	4	2.1	2504	DETACHD	5
491 COUNTRY CLUB RD	$865,000	4	2	2486	DETACHD	46
441 9TH ST	$895,000	4	2	2408	DETACHD	1
17343 BROOKHURST DR	$949,900	4	2.1	3488	DETACHD	4
5455 LANGFORD LN	$999,900	4	2.1	3398	DETACHD	35
18711 WESTVIEW DR	$1,195,000	4	3.1	3592	DETACHD	6
14511 PFEIFER DR	$1,250,000	4	2.1	3422	DETACHD	6
16200 WALUGA DR	$1,450,000	5	3.1	3375	DETACHD	4
18031 MEADOWLARK LN	$1,525,000	4	3.1	3798	DETACHD	5
4502 LAMONT WAY	$1,695,000	4	4	3880	DETACHD	22
3140 DOUGLAS CIR	$1,799,971	4	3.1	4333	DETACHD	5
3250 UPPER DR	$1,875,000	4	4.1	4058	DETACHD	1
18783 STAFFORD RD	$1,995,000	5	4.2	5757	DETACHD	147
168 PINE VALLEY RD	$1,995,000	5	4.1	4906	DETACHD	7
1475 CHANDLER RD	$3,200,000	5	4.1	4515	DETACHD	0

SOLD June 14-20, 2021

Address	Opening	Closed	# Beds	# Baths	Total SF	Prop Type	CDOM
16200 PACIFIC HWY #21	$419,900	$420,000	2	2	1190	CONDO	5
16200 PACIFIC HWY #4	$490,000	$430,000	2	2	1190	CONDO	68
14392 SHERBROOK PL	$515,000	$558,000	3	2.1	2133	DETACHD	4
3388 EDGEMONT RD	$595,000	$600,000	3	2.1	2019	DETACHD	5
16873 CANYON DR	$648,000	$635,000	3	2.1	1879	DETACHD	0
1865 GREENTREE RD	$699,000	$680,000	4	2	1960	DETACHD	6
13413 AUBURN CT	$689,000	$689,000	4	3.1	2822	ATTACHD	3
1858 SOUTHSHORE BLVD	$650,000	$710,000	4	2	2097	DETACHD	56
16915 GREENTREE AVE	$759,000	$710,000	3	3	2791	DETACHD	7
14 MORNINGVIEW CIR	$689,900	$715,000	4	3.1	2728	DETACHD	19
17380 MARJORIE AVE	$675,000	$750,000	4	2	1810	DETACHD	3
5546 ROYAL OAKS DR	$759,000	$770,000	3	2	1920	DETACHD	23
2911 SW ORCHARD HILL PL	$795,000	$782,000	4	3.1	3740	DETACHD	37
1244 HALLINAN CIR	$775,000	$885,000	4	3	2485	DETACHD	5
4188 COBB WAY	$825,000	$910,000	4	3	2586	DETACHD	5
5747 VICTORIA CT	$810,000	$925,000	4	2.1	2432	DETACHD	2
1982 WEMBLEY PARK RD	$975,000	$925,000	5	4	4561	DETACHD	15
2740 GLEN HAVEN RD	$699,900	$950,000	3	2.1	1612	DETACHD	3
340 8TH ST	$875,000	$954,000	3	2	2146	DETACHD	4
4471 West RD, Lot 4	$1,125,000	$1,200,181	4	3	3885	DETACHD	10
3610 PIPER CT	$1,300,000	$1,225,000	4	3.1	3976	DETACHD	60
5795 DOGWOOD DR	$1,285,000	$1,265,000	4	2.1	3420	DETACHD	4
5800 SEVILLE AVE	$1,299,000	$1,310,000	4	4	3912	DETACHD	12
755 5TH ST	$1,375,000	$1,422,500	4	3.1	3001	DETACHD	4
3933 EDENS EDGE DR	$1,450,000	$1,450,000	4	3.1	4436	DETACHD	35
137 FURNACE ST / Upper	$1,479,000	$1,485,000	3	2	1927	CONDO	3
1640 COUNTRY CMNS	$1,635,000	$1,635,000	4	4.1	5343	DETACHD	0
445 NORTHSHORE RD	$3,198,000	$3,110,000	3	3.1	2908	DETACHD	2
1730 NORTHSHORE RD	$4,295,000	$4,192,500	4	3.1	4173	DETACHD	3

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)