Market Activity ~ Dec 14, 2020-Jan3, 2021

Welcome to 2021!

Dianne and I hope this finds you well and happy, and that you and yours have been able to enjoy some cozy holiday time.

Now we’re moving into 2021. Our report this week is covering the 3-week period during the holidays. Only 3 properties braved entering the market during that time, and/but 32 properties moved into Pending status, and a whopping 48 Sold/Closed.

Here’s the breakdown for you:

NEW Dec 14, 2020-Jan 3, 2021

AddressList Price# Beds# BathsTotal SFProp Type
45 EAGLE CREST DR  #210$199,00011780CONDO
72 NANSEN SMT$1,369,00042.14485DETACHD
14080 GOODALL RD$2,395,00054.26005DETACHD

PENDING Dec 14, 2020-Jan 3, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
45 EAGLE CREST DR  #212$179,00011780CONDO90
7200 SW MONTAUK CIR / Grnd$219,90021968CONDO3
4606 LOWER DR / Upper$260,00021.11170CONDO32
4000 CARMAN DR  #79$270,00022993CONDO53
3812 BOTTICELLI ST$319,995321194CONDO41
4047 JEFFERSON PKWY$330,00032.11228CONDO1
2061 BONNIEBRAE DR$397,50032.11687ATTACHD27
5 SUMMIT RIDGE CT$415,00022.11576ATTACHD101
43 ORIOLE LN$475,000221810DETACHD78
937 COUNTRY CLUB RD$478,400211650DETACHD91
5859 KENNYCROFT WAY$499,90031.11205DETACHD4
18964 REDWING WAY$549,95031.11406DETACHD24
18150 BRYANT RD$590,000321468DETACHD8
4380 DOUGLAS WAY$599,950321364DETACHD62
3595 UPPER DR$629,000421725DETACHD4
17012 CRESTVIEW DR$699,000542750DETACHD4
4584 TRILLIUM WOODS$724,90032.12179ATTACHD44
151 C AVE$775,00022.11934ATTACHD112
4890 SAGE HEN CIR$789,90042.12832DETACHD74
252 GREENWOOD RD$824,900523834DETACHD5
5228 LOWER DR$839,95032.12723DETACHD101
5590 LUCE LN$950,000543374DETACHD6
6 ESSEX CT$998,000444338DETACHD42
2591 PALISADES CREST DR$1,160,00032.14916DETACHD110
6407 MISSION CT$1,239,00043.13623DETACHD1
18460 RAY RIDGE DR$1,249,00042.13769DETACHD34
18024 EASTRIDGE LN$1,289,00053.13781DETACHD580
1200 LAKE GARDEN CT$1,295,000433347DETACHD16
17680 Stafford RD$1,299,00052.13804DETACHD185
978 10TH ST$1,449,000332578DETACHD25
1111 C AVE$1,469,00043.13354DETACHD
3509 LANEWOOD ST$1,800,000443830DETACHD114

SOLD Dec 14, 2020-Jan 3, 2021

AddressOpening PriceClosed Price# Beds# BathsTotal SFProp TypeCDOM
44 EAGLE CREST DR  #17$199,900$185,00011798CONDO16
200 BURNHAM RD  #303$257,000$242,132211200CONDO144
20 CERVANTES CIR$290,000$260,00021.1912CONDO30
45 EAGLE CREST DR  #100$295,000$280,000321537CONDO18
71 CONDOLEA WAY$425,000$415,000332131CONDO88
1402 PARRISH ST$469,000$445,00032.11863CONDO83
13679 JOHNSON TER$515,000$514,86021917DETACHD6
14402 SHERBROOK PL$530,000$515,00032.11976DETACHD43
6270 Shakespeare ST$495,000$527,000311009DETACHD3
4362 GALEWOOD ST$558,000$543,00032.11684DETACHD25
69 CONDOLEA TER$555,000$549,65022.12262CONDO100
29 WALKING WOODS DR$579,900$579,900322311DETACHD71
5204 ROSEWOOD ST$599,000$621,00032.11683DETACHD3
621 9TH ST$649,000$654,000222214DETACHD11
14 INDEPENDENCE AVE$684,900$660,000533296DETACHD191
17950 MEADOWLARK LN$649,000$675,000532727DETACHD97
18863 INDIAN SPRINGS RD$699,900$700,000432001DETACHD2
1227 ASH ST$700,000$717,000322151DETACHD4
9 SPINOSA$725,000$725,00022.12250DETACHD29
19 WESTRIDGE DR$765,000$745,00042.13711DETACHD28
2395 GREENTREE RD$779,900$750,00052.12777DETACHD15
5722 SOUTHWOOD DR$765,000$776,00042.12919DETACHD3
619 CLARA CT$789,000$789,00042.12958DETACHD0
2765 GLEN HAVEN RD$749,900$790,00042.12277DETACHD5
5338 ROYAL OAKS DR$819,000$800,00042.12720DETACHD67
20 Nansen Summit$749,900$800,00043.13768DETACHD2
13456 PROVINCIAL HILL WAY$840,000$805,00032.13071DETACHD69
6435 MCDUFF CT$975,000$890,00053.13424DETACHD65
14218 KIMBERLY CIR$916,500$899,50042.13272DETACHD22
5239 MADRONA ST$885,000$905,000332881DETACHD4
49 HILLSHIRE DR$939,900$915,00043.14268DETACHD113
17215 LOWENBERG TER$995,950$925,00042.12934DETACHD89
2934 TOLKIEN LN$974,800$985,00053.13851DETACHD11
1816 PALISADES LAKE CT$1,200,000$1,025,00032.14598DETACHD104
16791 SYLVAN CT$1,075,000$1,100,00053.14137DETACHD1
2148 Summit DR$1,295,000$1,157,50052.13883DETACHD104
13768 KNAUS RD$1,180,000$1,200,000322480DETACHD4
18375 RIVER EDGE LN$1,185,000$1,265,00042.13512DETACHD51
3131 WEMBLEY PARK RD$1,395,000$1,325,00043.13597DETACHD147
18020 MEADOWLARK LN$1,350,000$1,345,000544217DETACHD4
629 5TH ST$1,475,000$1,365,00042.12985DETACHD64
14005 GOODALL RD$1,800,000$1,500,00043.14809DETACHD207
490 G AVE$1,450,000$1,507,60043.12977DETACHD1
16877 CANYON DR$1,629,900$1,633,086443771DETACHD21
16881 CANYON DR$1,629,900$1,636,986443854DETACHD4
527 NORTHSHORE RD$1,800,000$1,744,000322433DETACHD20
1037 LAKE FRONT RD$2,100,000$2,100,000332700DETACHD0
961 TERRACE DR$2,899,000$2,460,00054.26016DETACHD213

News & Notes ~ Nov 2020 Numbers

Here is your look at the most recent data for the entire Portland area (Nov2020) and how Lake Oswego fits in to this picture just below.

Overview/Fluctuations ~  Market Data Nov 2020:                                  

Inventory is now at 1.0 months of supply here, locally. The lowest it’s ever been. All forecasts are for continued increases in home sales and prices, though more modestly than 2020. Prediction #’s vary among economists. National Association of Realtors (NAR) is predicting a 7.3% increase in sales  nationally in 2021. Interest rates are still hovering around 2.875% but are expected to rise, albeit not dramatically. One very interesting item I noted from the NAR information is that nationally,  1 in 6 home purchases is now “multi-generational”. So, how we live is changing in many ways:  People are looking for more space to work from home, and generations are moving in together. There is generally more up-sizing than down-sizing going on.

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

  • There were 2,238 New Listings in Nov 2020 increased 5.7% from Nov of 2019’s 2,118,  and decreased a whopping 36.3% from the previous month/Oct’s 3,515.
  • At 2,745, Nov 2020’s Closed Sales are up 12.4% from Nov 2019’s 2,191, and decreased 13.0% from the previous month/Oct 2020’s total of 3,155
  • At 2,557, Nov 2020’s Pending Sales are up 12.4% from Nov 2019’s 2,274, and dropped 20.1% from the previous month/Oct 2020’s total of 3,199.
  • The Average Sale Price in Nov 2020 of $521,200 is up $58,600 from last year/Nov 2019’s $462,600, and is up $4,700 from the previous month/Oct 2020’s $516,500.   YTD increase is 7.1%.
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in Nov 2020 of $457,000 rose from last year/Nov2019’s $415,000 by $42,000, and decreased $3,000 from the previous month/Oct 2020’s $460,000. YTD increase is 6.8%.

Neighborhoods: November’s Average Sale Price + 12-month Appreciation:

  • North Portland:  $480,600              6.2%   (Oct $450,300) YTD Median: $431,000
  • NE Portland:  $508,700                    5.0%   (Oct $531,200) YTD Median: $455,000
  • SE Portland:  $478,200                    8.1%   (Oct $477,300) YTD Median: $409,000
  • Gresham/Troutdale:   $425,200    5.2%   (Oct $412,900) YTD Median: $378,000
  • Milwaukie/Clackamas: $510,700 7.7%   (Oct $512,100)  YTD Median: $450,000
  • Oregon City/Canby:   $506,300    6.5%  (Oct $511,300) YTD Median: $440,500
  • Lake Oswego/W Linn:$822,000 10.9%  (Oct $756,600) YTD Median: $645,000
  • West Portland:    $650,400              5.1%   (Oct $685,900) YTD Median: $550,000
  • NW Wash County:  $578,900        6.2%  (Oct $595,600) YTD Median: $527,500
  • Beaverton/Aloha:     $449,100        5.2%  (Oct $451,200)  YTD Median: $417,000
  • Tigard/Wilsonville:   $528,200       9.5%  (Oct $516,700) YTD Median: $479,000
  • Hillsboro/Forest Grove: $444,400 5.6%  (Oct $445,600)YTD Median: $410,000

LAKE OSWEGO:

  • The combined areas of Lake Oswego and West Linn  for  the month of November 2020 reported:
    •  177 Active Listings (Oct 213)
    •  104 New Listings     (Oct 197)
    •  106 Pending Sales   (Oct 193)
    •  166 Closed Sales       (Oct 173)
    • Average Sale Price for Nov: $822,000  (Oct $756,600)
      • 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.
    •  50 Average Days on the Market   (Oct 59)

Market Activity ~ Nov 30- Dec 6, 2020

This last week in Lake Oswego continues the trend we’ve been seeing of fewer homes being Listed (5) and more going Pending (17) & Sold (35). There are currently 106 homes available in Lake Oswego.

Here is a snapshot in time according to RMLS:

NEW: Nov 30-Dec 6, 2020:

AddressList Price# Beds# BathsTotal SFProp Type
1599 OAK ST$664,90042.12468DETACHD
2145 SUMMIT DR$1,000,00042.23111DETACHD
6485 MISSION CT$1,165,00043.13133DETACHD
18460 RAY RIDGE DR$1,249,00042.13769DETACHD
1200 LAKE GARDEN CT$1,400,000433347DETACHD

PEN: Nov 30-Dec 6, 2020:

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
44 EAGLE CREST DR #17$199,90011798CONDO16
200 BURNHAM RD #303$253,000211200CONDO144
4640 LOWER DR / Upper$279,90021.21170CONDO11
5071 TUALATA LN$584,900331540DETACHD22
17104 CANAL CIR$650,000321416DETACHD36
17095 WESTVIEW DR$664,900433354DETACHD32
5338 ROYAL OAKS DR$819,00042.12720DETACHD67
13456 PROVINCIAL HILL WAY$840,00032.13071DETACHD69
49 HILLSHIRE DR$909,90043.14268DETACHD113
1816 PALISADES LAKE CT$1,150,00032.14598DETACHD104
13310 FOX RUN$1,150,00043.13741DETACHD1006
18020 MEADOWLARK LN$1,350,000544217DETACHD4
490 G AVE$1,450,00043.12977DETACHD1
1111 C AVE$1,469,00043.13354DETACHD
4165 Childs RD$1,549,90032.13310DETACHD11
587 2ND ST / Upper$1,575,00022.12250CONDO40
4357 SOUTHSHORE BLVD$2,945,00055.15220DETACHD152

SLD: Nov 30-Dec 6, 2020

AddressOpening PriceClosed PriceBedBathTotal SFProp TypeCDOM
344 CERVANTES CIR/Grnd$223,000$223,00021.1921CONDO5
16377 KIMBALL ST$389,000$360,000311200DETACHD6
31 GREENRIDGE CT$430,000$425,00032.12012ATTACHD95
16246 PARKER RD$479,900$480,000321280DETACHD7
18275 TERRY CT$439,900$490,00031.11270DETACHD196
16242 INVERURIE RD$519,000$526,200321687DETACHD3
1705 CONIFER DR$539,000$535,00031.11850DETACHD11
77 GREENRIDGE CT$584,900$571,00032.12190ATTACHD11
769 4TH ST$499,000$586,000412000DETACHD4
15500 BOONES WAY$535,000$590,000321309DETACHD5
3102 DUNCAN DR$799,000$670,00043.13910DETACHD113
880 WOODWAY CT$700,000$670,000433800DETACHD30
221 HIDALGO ST$710,000$679,00032.12660DETACHD35
4045 MELISSA DR$758,000$690,00042.12529DETACHD40
15988 WHITE OAKS DR$785,000$710,00042.12854DETACHD41
4113 WOOD HILL CT$745,000$710,000432810DETACHD34
13881 SHIREVA DR$695,000$720,000432392DETACHD3
17841 WESTVIEW DR$739,000$720,00042.12434DETACHD20
634 CARRERA LN$750,000$740,00042.13282DETACHD4
1702 HIGHLAND DR$779,000$744,00032.12175DETACHD32
13947 MAJESTIC CT$799,900$805,00043.12822DETACHD3
15655 FIELDSTONE DR$830,000$830,00042.12781DETACHD2
13217 FOX RUN$868,000$831,000432706DETACHD40
19245 MEGLY CT$899,000$899,000533490DETACHD41
13745 CAMEO CT$999,500$910,000442846DETACHD78
4297 ALBERT CIR$999,995$920,00032.12335DETACHD69
5690 BAY CREEK DR$969,000$950,00042.13268DETACHD4
15930 TWIN FIR RD$995,000$970,00032.12620DETACHD82
2900 UPPER DR$1,040,000$977,500322272DETACHD66
3180 DOUGLAS CIR$1,475,000$1,240,00052.24768DETACHD496
13615 KNAUS RD$1,995,000$1,858,00043.14294DETACHD56
1588 VIEW LAKE CT$1,995,000$1,995,00042.24429DETACHD4
16865 GREENBRIER RD$2,695,000$2,200,000556404DETACHD101
4321 Southshore BLVD$3,950,000$3,756,70054.16731DETACHD118
1415 CHANDLER RD$4,250,000$3,862,50064.27054DETACHD87

Market Activity ~ Nov 9-15, 2020

Last week in Lake Oswego we saw 7 New properties hit the market, 21 move to Pending status, and 29 transactions Close. Here is the breakdown according to RMLS:

NEW 11/9-15, 2020 :

AddressList Price# Beds# BathsTotal SFProp Type
3812 BOTTICELLI ST$319,995321194CONDO
17297 BRYANT RD$575,000321428DETACHD
5071 TUALATA LN$595,900331540DETACHD
2349 OAKHURST LN$935,00042.13548DETACHD
17596 GREEN BLUFF DR$959,90042.13039DETACHD
3250 WESTVIEW CT$1,200,00063.13928DETACHD
5055 LAKEVIEW BLVD$1,298,00043.13607DETACHD

PENDING 11/9-15, 2020 :

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
3433 MCNARY PKWY  #804$260,00022.11136CONDO103
20 CERVANTES CIR$275,00021.1912CONDO30
31 GREENRIDGE CT$425,00032.12012ATTACHD95
1402 PARRISH ST$449,00032.11863CONDO83
6270 Shakespeare ST$495,000311009DETACHD3
769 4TH ST$499,000412000DETACHD4
13 WALKING WOODS DR$515,000322130DETACHD4
14402 SHERBROOK PL$530,00032.11976DETACHD43
4362 GALEWOOD ST$558,00032.11684DETACHD25
14 INDEPENDENCE AVE$684,900533296DETACHD191
1227 ASH ST$700,000322151DETACHD4
20 Nansen Summit$749,90043.13768DETACHD2
19 WESTRIDGE DR$749,90042.13711DETACHD19
5722 SOUTHWOOD DR$765,00042.12919DETACHD3
6435 MCDUFF CT$899,90053.13424DETACHD65
17215 LOWENBERG TER$935,00042.12934DETACHD89
14144 GOODALL RD$950,000533701DETACHD157
2900 UPPER DR$995,000322272DETACHD66
6 ESSEX CT$998,000444338DETACHD4
3125 ALBER SPRING CT$1,098,00033.14308DETACHD195
18375 RIVER EDGE LN$1,185,00042.13512DETACHD51

SOLD 11/9-15, 2020:

AddressOpening PriceClosed Price# Beds# BathsTotal SFProp TypeCDOM
92 CERVANTES CIR$205,000$205,00021.1912CONDO36
4 TOUCHSTONE  #70$279,950$209,75032.11351CONDO136
320 CERVANTES CIR, #12B$209,900$209,90021832CONDO3
15938 QUARRY RD,  B4$225,000$235,00021996CONDO2
5225 JEAN RD  #505$255,000$265,000221100CONDO2
45 EAGLE CREST DR  #401$285,000$272,000321348CONDO40
15486 Brianne CT$375,000$355,00022.11246ATTACHD8
4401 THUNDER VISTA LANE LN$395,000$365,00022.11980CONDO89
4347 SILVER CT$445,000$429,00032.11844CONDO44
12 SAINT HELENS CIR$525,000$525,000321780DETACHD29
19167 LONGFELLOW AVE$525,000$544,000321782DETACHD6
4862 INDIAN CREEK CT$534,900$555,000321390DETACHD4
3595 TEMPEST DR$615,000$615,000322126DETACHD34
1427 ASPEN ST$635,000$625,000422319DETACHD15
39 TOUCHSTONE$749,900$650,000433400DETACHD39
4430 GALEWOOD ST$649,000$661,00032.12078DETACHD4
2734 SW ORCHARD HILL LN$699,000$701,000432800DETACHD5
312 4TH ST$710,000$710,00022.11731ATTACHD22
40 CONDOLEA CT  /  Main$775,000$725,000332958CONDO34
13453 STREAMSIDE DR$839,000$792,00032.12932DETACHD5
12730 ADRIAN CT$835,000$815,00042.12952DETACHD74
5682 CHARLES CIR$839,000$839,000433052DETACHD3
14527 RAINBOW DR$895,000$862,000533339DETACHD33
17641 BROOKHURST DR$989,000$995,00042.13470DETACHD5
14361 EDENBERRY DR$1,100,000$1,075,00043.13760DETACHD3
900 FAIRWAY RD$1,195,000$1,083,00053.13508DETACHD106
2701 GLEN HAVEN RD$1,085,000$1,125,000323134DETACHD3
18008 GREENBLUFF DR$1,849,000$1,550,00033.14402DETACHD179
13490 FIELDING RD$3,398,000$3,070,00056.18286DETACHD141

News & Notes ~ Oct 2020 Numbers

Here is your look at the most recent data for the entire Portland area (Oct 2020) and how Lake Oswego fits in to this picture just below.

Inventory remained at 1.1 months of supply in October. August was 1.3 and July was 1.2. The 1.1 mark is a record low according to RMLS. New Listings, Pending Sales and Appreciation are all up across the board.

Though we have an undeniable shortage of homes available, this is the time of year when Buyers can expect to find reasonable Sellers, and Sellers can expect to find serious Buyers out looking.

Rates are still very good, remaining around 2.875 as of today.

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

  • There were 3,515  New Listings in Oct 2020 increased 14.7%  from Oct of 2019’s 3,064, and also increased 7.7% over the previous month/Sept’s 3,264.
  • At 3,155, Oct 2020’s Closed Sales are up 21.9% from Oct 2019’s 2,588, and decreased 3.0% from the previous month/Sept 2020’s total of 3,251
  • At 3,199, Oct 2020’s Pending Sales are up 25.2% from Oct 2019’s 2,575, and also increased 1.5% over the previous month/Sept 2020’s total of 3,152.
  • The Average Sale Price in Oct 2020 of $516,000 is up $54,600 from last year/Oct 2019’s $461,400, and is up $6,000 from the previous month/Sept 2020’s $510,000.   YTD increase is 6.5%.
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in Oct 2020 of $460,000 rose from last year/Oct 2019’s $410,500 by $49,500, and is up by $9,000 from the previous month/Sept 2020’s $451,000. YTD increase is 6.1%.

Neighborhoods: October’s Average Sale Price + 12-month Appreciation:

  • North Portland:  $450,300              6.5%   (Sept $476,000)
    •                                                     YTD Median: $430,000
  • NE Portland:  $531,200                   4.6%   (Sept $532,100)
    •                                                     YTD Median: $452,500
  • SE Portland:  $477,300                   6.7%   (Sept $467,700)
    •                                                     YTD Median: $405,000
  • Gresham/Troutdale:   $412,900     4.8%   (Sept $409,300)
    •                                                     YTD Median: $374,900
  • Milwaukie/Clackamas:  $512,100  6.8%   (Sept $487,300)
    •                                                     YTD Median: $449,900
  • Oregon City/Canby:   $511,300      5.8%   (Sept $469,700)
    •                                                     YTD Median: $440,000
  • Lake Oswego/West Linn:$756,600  9.9%  (Sept $782,600)
    •                                                      YTD Median: $639,500
  • West Portland:    $685,900             4.5%  (Sept $636,600)
    •                                                     YTD Median: $550,000
  • NW Wash County:  $595,600          5.2%  (Sept $600,600)
    •                                                      YTD Median: $524,900
  • Beaverton/Aloha:     $451,200       4.9%   (Sept $447,000)
    •                                                     YTD Median: $415,300
  • Tigard/Wilsonville:   $516,700        8.0%   (Sept $534,300)
    •                                                      YTD Median: $475,000
  • Hillsboro/Forest Grove: $445,600  5.6%   (Sept $438,300)
    •                                                      YTD Median: $409,900

LAKE OSWEGO:

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

    •  213 Active Listings (Sept 250)
    •  197 New Listings     (Sept 173)
    •  193 Pending Sales   (Sept 180)
    •  173 Closed Sales       (Sept 191)
    • Average Sale Price for Oct: $756,600  (Sept $782,600)
      • 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.
    •  59 Average Days on the Market   (Sept 45)

This Week in Lake Oswego ~ Nov 9-15, 2020

Here are my picks for happenings in lake Oswego this week:

Mon, Nov 9, 2020– 12:00-1:00PM –  Lunch 2 Go!  ~ Dining Room is obviously problematic during COVID, but this service continues M/W/F with drive-up service! They love to see your faces! $4.00 over 60 and $5.00 under 60. Adult Community Center – 505 G Ave –  Info & Ordering: CLICK HERE

Tue, Nov 10, 2020 –  7:00-8:00PM – Hot Books for Cold Days~Join Lake Oswego Librarians for a preview of the best books to curl up with this winter –   Info & Registration:  CLICK HERE  

Wed, Nov 11, 2020 – 8AM Wed-5PM Fri- Veterans Day – Veterans Memorial  ~Visit this memorial to all Veterans featuring 8 Lake Oswego individuals and their stories. Foothill Park, 199 Foothills Road~ Info & Reg:  CLICK HERE     

Thu, Nov 12, 2020 10:00AM-10:00PM – Sesame Street in Communities~Visit the Kids Page of the Lake Oswego Public Library for a weekly update of information geared toward offering resources for parents and caregiver to make a difference for kids…and you! –     CLICK HERE

Fri , Nov 13, 2020:  9:30AM-10:30AM, Little Masters Art Class (Ages 2-5/in-person class w/COVID safety measures)  ~ Check in every Friday for a sensory experience with a variety of mediums creating art together! CCP, 1060 Chandler Road Info & Registration : CLICK HERE 

Sat , Nov 14 2020:  9:00AM-11:00AM, Stewardship Work Party at Springbrook Park   ~ Help restore habitat in this 50-acre natural park  Info: CLICK HERE 

Sun, Oct 18, 2020– 1:00-3:00PM –  Stewardship Work Party at Iron Mountain Park  ~ Help restore 50 acres of treasured natural habitat. Bring a shovel, pruners, gloves and a container of water. – Iron Mountain Park, Parking: Off Glen Eagles Rd –  Info & Registration: CLICK HERE

Market Activity ~ Oct 26-Nov 1, 2020

Last week we saw 5 New Properties hit the market in Lake Oswego, so New Listings are slowing a bit seasonally, as is always expected. 28 properties moved to Pending status, and 25 Closed/Sold. All in all there are currently 139 properties available in Lake Oswego right now.

NEW Oct 26-Nov 1, 2020

PENDING Oct 26-Nov 1, 2020

SOLD Oct 26-Nov 1, 2020

News & Notes ~ Sept 2020 Numbers

Here is your look at the most recent data for the entire Portland area (Sept 2020) and how Lake Oswego fits in to this picture just below.

Inventory is now basically lower than its ever been. That’s a big deal.  Listings have dropped substantially from August, and Pending Sales (transactions in progress) are up a whopping 36.4% over Sept 2019, which reflects how the activity locally was pushed way farther into/through the summer than is usual.

This time of year I still say “Fall is for Buyers” as Sellers are generally more willing to negotiate heading into winter, but this year it is good to be a Seller too, as there is just not much out there in terms of competition.

Rates are still very good, around 2.875 today.

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

  • There were 3,264  New Listings in Sept 2020 which decreased 5.9%  from Sept of 2019’s 3,470, and decreased 16.0% over the previous month/August’s 3,885.
  • At 3,251, Sept 2020’s Closed Sales are up 36.8% from Sept 2019’s 2,377, and also up 3.2% from the previous month/Aug 2020’s total of 3,149
  • At 3,152, Sept 2020’s Pending Sales are up 17.3% from Sept 2019’s 2,686, and decreased 14.7% over the previous month/July 2020’s total of 3,697.
  • The Average Sale Price in Sept 2020 of $510,000 is up $51,600 from last year/Sept 2019’s $458,400, and is about the same as the previous month/Aug 2020’s $511,000.   YTD increase is 5.7%.
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in Sept 2020 of $451,000 rose from last year/Sept 2019’s $410,000 by $41,000, and is up by $2,000 from the previous month/Aug 2020’s $449,000. YTD increase is 5.7%.

Neighborhoods: September’s Average Sale Price + 12-month Appreciation:

  • North Portland:  $476,000              5.0%   (Aug $461,800)
    •                                                     YTD Median: $430,000
  • NE Portland:  $532,100                   3.3%   (Aug $527,500)
    •                                                     YTD Median: $450,000
  • SE Portland:  $467,700                   5.9%   (Aug $487,200)
    •                                                     YTD Median: $402,000
  • Gresham/Troutdale:   $409,300     4.1%   (Aug $393,900)
    •                                                     YTD Median: $370,000
  • Milwaukie/Clackamas:  $487,300  5.4%   (Aug $480,800)
    •                                                     YTD Median: $445,000
  • Oregon City/Canby:   $469,700      5.0%   (Aug $481,800)
    •                                                     YTD Median: $439,900
  • Lake Oswego/West Linn:$782,600  10.4%  (Aug $787,000)
    •                                                      YTD Median: $637,000
  • West Portland:    $636,600             3.4%  (Aug $656,500)
    •                                                     YTD Median: $545,000
  • NW Wash County:  $600,600          4.3%  (Aug $574,200)
    •                                                      YTD Median: $516,500
  • Beaverton/Aloha:     $447,000       4.1%   (Aug $442,000)
    •                                                     YTD Median: $415,000
  • Tigard/Wilsonville:   $534,300        7.7%   (Aug $537,900)
    •                                                      YTD Median: $475,000
  • Hillsboro/Forest Grove: $438,300  5.6%   (Aug $452,400)
    •                                                      YTD Median: $407,300

LAKE OSWEGO:

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

    •  250 Active Listings (Aug 290)
    •  173 New Listings     (Aug 229)
    •  180 Pending Sales   (Aug 208)
    •  191 Closed Sales       (Aug 178)
    • Average Sale Price for Sept: $782,600  (Aug $787,000)
      • 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.
    •  45 Average Days on the Market   (Aug 71)

Market Activity ~ Oct 12-18, 2020

Last week we saw 11 New Properties arrive on the market, 30 move to Pending status, and 26 finalized sales move to Closed status. Hurray for all these new or soon-to-be-new Lake Oswego residents! Right now there are 156 beautiful homes available in Lake Oswego. The following is the activity per RMLS during the last week:

NEW: Oct 12-18, 2020

PENDING: Oct 12-18, 2020

SOLD: Oct 12-18, 2020

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.

Market Activity Oct 3-11, 2020

Last week in Lake Oswego the market kept chugging right along. We had 13 properties come onto the market, 38 received accepted offers and went into pending status, and 19 sold/closed sales.

See below for an explanation of the RMLS data

New on the market Oct 3-11, 2020

AddressTypePriceBRBathsSq Ft
344 Cervantes CircleCondo$223,00021.5921
668 McVey Ave #83Condo$259,00021.5992
34 Wheatherstone #17Condo$399,00032.51692
17841 Westview DrDetached$739,000422448
4681 Trillium WoodsAttached$749,00032.52185
13903 Sundeleaf DrDetached$750,000422496
17421 Brookhurst DrDetached$899,90043.53756
27 Juarez StDetached$998,00053.54889
1891 Palisades Lake CtDetached$1,425,00044.55389
1947 Summit DrDetached$1,795,00045.55570
907 Terrace DrDetached$3,000,00064.5+.5+.57296
1405 Country CommonsDetached$3,150,00054.5+.56522
3917 Southshore BlvdDetached$5,200,00044.5+.55083

Pending sales Oct 3-11, 2020

AddressTypePriceBRBathsSq FtCDOM
72 Galen StCondo$182,500116903
92 Cervantes CircleCondo$205,00021.591236
15938 Quarry Rd A-6Condo$235,000219914
4 Touchstone #70Condo$245,00032.51351136
5225 Jean Rd #506Condo$255,0002211002
45 Eagle Crest Dr #401Condo$285,00032134840
4107 Jefferson PkwyCondo$325,00022.5150732
15486 Brianne CtAttached$375,00022.512468
18275 Terry CtDetached$459,90031.512702
1001 Cedar StDetached$499,00042.5257228
5713 Kenny StDetached$499,9003213844
937 Country Club RdDetached$503,50021165023
19167 Longfellow AveDetached$525,0003217826
12 Saint Helens CircleDetached$525,00032178029
4862 Indian Creek CtDetached$534,9003213904
86 Greenridge CtAttached$597,00043.52718109
14863 Twin Fir CtDetached$610,00032164877
1427 Aspen STDetached$635,00042231915
4420 Galewood StDetached$649,00032.520784
2165 Ridge Pointe DrDetached$650,0004347495
312 4th StAttached$720,00022.517133
300 4th StAttached$724,90022.5173159
4388 Snowbrush CtDetached$799,000543928153
100 D AveAttached$825,00022.5184729
2100 Summit DrDetached$849,9003323585
345 E AveDetached$899,0003215822
2885 Dellwood DrDetached$924,90043.5374978
5690 Bay Creek DrDetached$969,00042.532684
5871 Ridgetop CtDetached$975,00042.535433
17641 Brookhurst DrDetached$989,00042.534705
2900 Upper DrDetached$1,040,00032227228
2701 Glen Haven RdDetached$1,085,0003231343
1507 Cedar STDetached$1,099,90032.5250567
428 C AveAttached$1,149,88833260712
18320 Meadowlark LnDetached$1,577,00044.5+.56054159
1588 View Lake CtDetached$1,995,00042.5+.544294
19025 Hill Top RdDetached$2,199,50054.55366215
15607 Village DrDetached$2,589,00053.55407230

Sold/Closed sales Oct 3-11, 2020

AddressTypeList PriceSold PriceSq FtCDOM
90 Galen StCondo$149,900$150,4005524
16200 Pacific Hwy #24Condo$357,900$300,0001,190164
21 Britten CtAttached$429,000$445,00019724
6136 Fernbrook CircleDetached$449,900$482,50012505
5767 Baliene StDetached$499,900$514,900116045
5907 Kenny StDetached$499,900$530,00012831
2823 Orchard Hill PlDetached$550,000$567,50023024
2735 Greentree RdDetached$579,900$590,00016167
620 Tippecanoe CtDetached$649,900$650,00017189
875 Boca Ratan DrDetached$749,000$675,000250224
4403 Oakridge RdAttached$760,000$719,000205255
16419 Lexington CtDetached$739,000$725,00024099
5269 Denton DrDetached$940,000$950,00031733
1149 Cherry LnDetached$1,050,000$1,015323112
408 Northshore RdDetached$1,395,000$1,3253753254
1318 Horseshoe CurveDetached$1,425,000$1,42537153
18147 Pilkington RdDetached$1,796,000$1,660463615
305 Chandler PLDetached$2,850,000$2,700533443
757 Lake Shore RdDetached$3,089,000$2,995409872

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.