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

AddressList Price# Beds# BathsTotal SFProp Type
29 CRESTFIELD CT / Grnd$249,90022989CONDO
36 CRESTFIELD CT / Upper$295,00021921CONDO
18281 WOOD THRUSH CIR$715,00042.12240DETACHD
2697 LOOKOUT CT$720,000322219DETACHD
1430 LARCH ST$815,000332312DETACHD
4 SHERWOOD CT$825,00042.12870DETACHD
3065 ROYCE WAY$835,00042.12726DETACHD
14121 REDWOOD CT$969,90043.12827DETACHD
1535 PINE ST$1,100,00032.12390DETACHD
427 9TH ST$1,199,00053.13250DETACHD
45 NANSEN SMT$1,250,00044.15874DETACHD
12730 ADRIAN CT$1,295,00042.13014DETACHD
732 ELLIS AVE$2,350,00042.13482DETACHD
17475 BLUE HERON RD$3,995,00055.15787DETACHD

PENDING July 12-18, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
45 EAGLE CREST DR  #49$249,900221214CONDO5
163 OSWEGO SMT / Upper$285,000221506CONDO2
4041 JEFFERSON PKWY$289,00011.11060CONDO4
16250 PACIFIC HWY  #41$360,000221380CONDO20
6135 SHAKESPEARE ST$549,900421656DETACHD21
16501 LAKE FOREST BLVD$550,000311429DETACHD28
31 ORIOLE LN$569,000331968DETACHD4
17902 TAMARA AVE$569,900422082DETACHD4
6545 SW Childs RD$600,000643134DETACHD1
23 FALSTAFF ST$629,000321435DETACHD38
18811 REAO CT$639,90032.11916DETACHD7
6227 WAYZATA CT$649,99931.11232DETACHD7
5880 ROCKWOOD CT$656,500321772DETACHD2
4 PIMLICO TER$690,000322100DETACHD3
9 SPINOSA$749,00022.12250DETACHD5
1811 KILKENNY DR$758,000433794DETACHD0
17802 HILLSIDE WAY$779,80042.13026DETACHD23
759 TIMBERLINE DR$825,000432928DETACHD21
16933 GREENTREE AVE$874,90042.12276DETACHD28
3333 ROYCE WAY$949,90032.12896DETACHD7
18320 DELENKA LN$995,00042.14519DETACHD67
17649 WOODHURST PL$1,198,00054.15669DETACHD103
4210 VIRGINIA WAY$1,489,00044.13508DETACHD58
19395 HILL TOP RD$1,575,00053.24788DETACHD4
13700 FIELDING RD$4,998,00054.25802DETACHD3

SOLD July 12-18, 2021

AddressOpeningClosedBedsBathsSFProp TypeDays
23 CRESTFIELD CT / Grnd$199,000$220,00011689CONDO2
4 TOUCHSTONE  #123$215,000$225,00032.11351CONDO26
45 EAGLE CREST DR  #311$245,000$260,000221046CONDO2
4000 CARMAN DR,  E80$289,000$289,00022993CONDO28
3892 BOTTICELLI ST / Main$303,500$305,000321288CONDO4
5691 WINDFIELD LOOP$599,000$594,000321588DETACHD6
16775 WESTVIEW DR$629,000$693,000321806DETACHD4
13019 SIERRA CT$819,000$805,00042.12522DETACHD8
19001 BARTON RD$899,000$830,00042.12194DETACHD13
18343 ANDUIN TER$995,000$970,00042.13000DETACHD19
5774 BAY POINT DR$1,195,000$1,119,00052.13674DETACHD25
18711 WESTVIEW DR$1,195,000$1,200,00043.13592DETACHD6
5024 DOGWOOD DR$1,195,000$1,358,00043.13267DETACHD2
4640 DOGWOOD DR$1,550,000$1,400,000444142DETACHD9
560 4TH ST$1,449,000$1,450,00034.13186ATTACHD23
3729 ELEANOR CT$1,598,000$1,500,00044.14061DETACHD9
18031 MEADOWLARK LN$1,585,000$1,525,00043.13798DETACHD5
853 D AVE$1,950,000$1,812,50043.15137DETACHD56
1845 PALISADES TERRACE DR$3,650,000$2,990,00032.12674DETACHD17
1125 MAPLE ST$3,900,000$3,650,00043.16254DETACHD82
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.

Middle Housing

A law was passed by the State of Oregon in 2019 that is going to have a huge impact on neighborhoods throughout the state. House Bill 2001 pretty much out lawed single-family-residential housing. The law applies to any town with a population of more than 10,000 people, thus, it very much affects Lake Oswego.

What this law does is mandate that neighborhoods that currently have single family housing must allow the construction of duplexes, triplexes, quadplexes, townhouses, cottage clusters and accessory dwelling units.

There is an affordable housing crisis in our state and I completely understand the logic behind this law. When I look for the positive outcomes it will create, I think about people who want to build a dwelling for aging parents. I think of people who would benefit from some rental income. I think of people who need a place to live and simply can not afford the current rents or are not in a poslition to buy. This law will have quite a few positive benefits.

But I also think about what our neighborhoods currentlly look like. How will I feel if a duplex gets built next door? I hope I’ll feel ok, but, being honest, I’m just not sure. This law will have to come into affect and play out before I’ll know how I truly feel.

The City of Lake Oswego is approaching this change in a two phase process. The first phase has been completed. The city reveiwed current neighborhood plans and development codes, created and received results of a community-wide survey, and met with neighborhood association chairs to understand neighborhood characteristics and what communities value most.

The second phase is happening now. The city is exploring options for potential code changes and getting advice from a committee that has been formed. This committee was appointed by the city council and is called the Middle Housing Code Advisory Committee. They are meeting between now and the end of September. After they provide advice to the city council, the city will seek further feedback from neighborhood associaitons and the broader community.

For more information visit www.lakeoswego.city/planning or contact Eric Olson, Senior Planner, at eolson@lakeoswego.city or 503-697-6524.

There’s nothing so certain as change, that’s for sure.

Dianne

Market Activity July 5-11, 2021

Last weeks market activity appears to have been more balanced with 19 new listings, 18 pending sales, and 23 closed/sold properties. The fact that the pending numbers were fewer than the new listings my have been a result of the July 4th holiday. It’s too soon to know if this is some sort of trend.

See below for RMLS data.

New on the market July 5-11, 2021

AddressTypePriceBRBathsSq Ft
200 CervantesCondo$289,00031.51138
12 Oswego SummitCondo$300,000221140
1 Peacock PlDetached$529,00032.51336
4980 Galen StAttached$589,00022.51552
18811 Reao CtDetached$639,90032.51916
6227 Wayzata CtDetached$649,99931.51232
15115 Quarry RdDetached$650,000432865
49 Da Vinci StDetached$739,000322351
18260 Indian Creek DrDetached$759,000322082
17730 Marylbrook DrDetached$850,00032.52951
4222 Cobb WayDetached$1,089,000432243
1739 Palisades Terrace DrDetached$1,095,00042.53654
1776 Oak StDetached$1,550,00043.54012
4531 West RdDetached$1,595,00033.53926
2165 Rodge Pointe DrDetached$2,100,000544749
1626 Englewood DrDetached$2,495,00042.5+.55581
13700 Fielding RdDetached$4,998,00054.5+.55802
14390 Uplands DrDetached$5,399,00044.57839
2470 Summit CtDetached$5,498,00043.5+.57180

Pending sales July 5-11, 2021

AddressTypePriceBRBathsSq FtCDOM
47 Eagle Crest Dr #54Condo$180,0001167237
42 Cervantes Circle 4BCondo$250,00021.59128
86 Kingsgate Rd G101Condo$265,000228402
1367 Bonniebrae DrAttached$399,00021.510082
186 D AveAttached$650,00032.516377
5071 Tualata LnDetached$675,00033154051
18426 Sandpiper WayDetached$688,0004318845
5051 Tualata LnDetached$695,00042158137
217 Hidalgo StDetached$749,90032.5431237
32 Morningview CircleDetached$750,00032.527187
537 Country Club RdDetached$775,00032190193
4099 Coltsfoot LnDetached$830,00052.5314915
2440 Overlook DrDetached$839,90043385015
1503 Pine StDetached$875,0004328424
1724 Fern PlDetached$950,00033216021
12723 Adrian CtDetached$1,098,0004331904
915 Cedar StDetached$1,550,00043.532193
2254 Knaus RdDetached$3,950,00045.5743611

Closed/sold properties July 5-11, 2021

AddressTypeList PriceSold PriceSq FtCDOM
4619 Lakeview BlvdCondo$200,000$205,0007538
4 Touchstone #68Condo$219,000$245,00098458
4 Touchstone #124Condo$239,000$245,500135122
4000 Carman Dr B27Condo$269,000$300,0008692
103 Kingsgate RdDetached$525,000$525,00013525
1 Eagle Crest DrDetached$549,000$610,00012904
2710 SW Orchard Hill LnDetached$611,900$656,00020874
830 Laurel StDetached$645,000$685,00014003
20 Preakness CtAttached$625,000$700,00017905
14307 Camden LnDetached$719,000$740,00019320
2604 Glen Haven RdDetached$729,900$799,0002,1043
17310 Canyon DrDetached$750,000$805,0002716$3
18768 Wood Duck StDetached$925,000$965,00030164
1455 Nelson CtDetached$835,000$975,00022102
1585 Patton RdDetached$915,000$1,025,00033313
4137 Orchard WayDetached$975,000$1,052,00036802
3250 Westview CtDetached$1,200,000$1,161,0003928235
4379 Snowbrush CtDetached$1,050,000$1,161,00035962
640 9th StDetached$1,450,000$1,450,00033215
858 10th StDetached$1,650,000$1,650,00024106
1475 Chandler RdDetached$3,200,000$3,150,00045150
3230 Upper DrDetached$3,300,000$3,300,00053380
1190 Fairway RdDetached$5,495,000$5,200,00058559

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.

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.

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

AddressList Price# Beds# BathsTotal SFProp Type
422 S STATE ST$324,997211659CONDO
162 OSWEGO SMT  #162$419,950221506CONDO
13198 PETERS RD$695,00032.12630DETACHD
18571 WAXWING WAY$810,00042.12151DETACHD
2936 SW ORCHARD HILL PL$998,00042.13419DETACHD
14002 CHELSEA DR$1,195,00042.13457DETACHD
2420 PRESTWICK RD$2,500,00063.13723DETACHD

PENDING June 28 – July 4, 2021

AddressList Price# Beds# BathsSFProp TypeDOM
153 OSWEGO SMT / Lower$269,000221677CONDO27
39 OSWEGO SMT / Grnd$269,000221212CONDO3
4000 CARMAN DR  #E80$289,00022993CONDO28
5061 FOOTHILLS DR, C$335,00022991CONDO8
210 S STATE ST  #10$515,00022.11743CONDO7
53 ORIOLE LN$549,00032.12072DETACHD17
6135 SHAKESPEARE ST$549,900421656DETACHD9
16885 FERNWOOD DR$639,500321624DETACHD4
17 CHURCHILL DOWNS$649,900431966DETACHD4
4932 MULHOLLAND DR$698,00032.12498ATTACHD54
1588 CHERRY LN$749,900322001DETACHD3
17071 REBECCA LN$775,000332288DETACHD10
605 7TH ST$775,000212035DETACHD3
1692 HIGHLAND DR$795,000432162DETACHD4
5675 VICTORIA CT$825,00032.12563DETACHD4
1874 GLENMORRIE TER$920,000333508DETACHD66
17904 CARDINAL PL$949,00032.11840DETACHD5
5697 CHARLES CIR$950,00042.13268DETACHD4
1704 GLENMORRIE TER$975,00052.14292DETACHD4
15136 GLEN EAGLES CT$1,200,00042.12607DETACHD4
13700 KNAUS RD$1,245,00032.12654DETACHD7
569 7TH ST$1,450,000443135DETACHD4
14088 GOODALL RD$1,625,00053.24441DETACHD25
301 IRON MOUNTAIN BLVD$1,649,00043.23036DETACHD2
4440 UPPER DR$1,899,00043.13583DETACHD42
17301 BERGIS FARM DR$2,199,00043.14737DETACHD69
1075 CHANDLER RD$2,699,00054.15710DETACHD40

SOLD June 28-July 4, 2021

AddressOpeningClosed # Beds# BathsSFProp TypeDOM
4 TOUCHSTONE  #118$219,900$220,00022984CONDO3
4000 CARMAN DR  #E68$255,000$262,00011836CONDO3
44 EAGLE CREST DR  #28$260,000$265,000321161CONDO2
78 GALEN ST  /  Upper$299,000$290,00022989CONDO4
3688 SPRING LN  #3D$350,000$350,000221117CONDO3
19 SUMMIT RIDGE CT$449,000$449,00022.11558ATTACHD11
6200 SHAKESPEARE ST$540,000$577,000321250DETACHD2
4771 AUBURN LN$679,000$650,00033.12183ATTACHD32
4396 GALEWOOD ST$650,000$680,00032.11672DETACHD12
1131 OXFORD DR$675,000$715,000432200DETACHD9
16441 BONAIRE AVE$679,900$750,000311677DETACHD5
4097 BUCK BRUSH LN$749,900$760,00032.12533DETACHD5
15481 TANAGER DR$725,000$768,17532.12153DETACHD3
12792 SIERRA VISTA DR$899,000$915,00042.13343DETACHD6
400 LAKE BAY CT$1,050,000$1,082,68032.11904DETACHD3
441 9TH ST$895,000$1,100,000422408DETACHD1
14175 TAYLORS CREST LN$1,095,000$1,106,000433432DETACHD4
1896 PALISADES LAKE CT$1,199,000$1,275,000433439DETACHD4
17436 KELOK RD$1,595,000$1,375,00042.13054DETACHD32
804 2ND ST$1,550,000$1,450,00052.12945DETACHD30
18224 BELLA TERRA DR$1,575,000$1,575,00043.14050DETACHD8
4484 WEST BAY RD$1,649,000$1,631,50053.14417DETACHD6
1175 CHERRY CIR$1,850,000$1,850,000656300DETACHD12
18740 GREEN BLUFF DR$1,800,000$1,850,000433645DETACHD3
7 DOVER WAY$1,899,999$1,900,00055.17803DETACHD3
1099 CHERRY CIR$1,690,000$2,110,00053.13796DETACHD5
13233 AMBER PL$1,999,000$2,150,000443913DETACHD0
2950 WEMBLEY PARK RD$2,499,000$2,499,00055.16667DETACHD3
460 BERGIS RD$5,495,000$4,321,45564.15114DETACHD569
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 June 21-27, 2021

Lake Oswego is so beautiful! We had a couple of days of pretty extreme heat but we are back to normal with highs in the 80’s. The flowers are blooming and the swim park is open. Summer in LO is pretty great.

The real estate market is also pretty great. Last week Lake Oswego experienced 14 new listings, 26 pending sales, and 27 sold/closed properties.

See below for RMLS details.

New on the Market June 21-27, 2021

AddressTypePriceBRBathsSq Ft
4 Touchstone #62Condo$204,90032.51351
5061 Foothills Dr CCondo$335,00022991
16250 Pacific Hwy #78Condo$343,500221305
16250 Pacific Hwy #41Condo$360,000221380
6135 ShakespeareDetached$549,900421656
5071 W Sunset DrCondo$610,00022.51734
17071 Rebecca LnDetached$775,000332288
17802 Hillside WayDetached$799,80042.53026
759 Timberline DrDetached$825,000432928
2440 Overlook DrDetached$839,900433850
4099 Coltsfoot LnDetached$840,00052.53169
17151 Wall StDetached$1,198,000544141
5844 Ridgetop CtDetached$1,198,00042.53736
151 3rd St #1Condo$1,499,00032.53278

Pending Sales June 21-27, 2021

AddressTypePriceBRBathsSq FtCDOM
23 Crestfield CtCondo$199,000116892
4 Touchstone #69Condo$220,00032.5135133
44 Eagle Crest Dr #1Condo$230,000219082
4 Cervantes CircleCondo$240,00021.59128
156 Ridgeway RdCondo$450,00032.5180520
5221 Tualata LnDetached$550,0003214914
16501 Lake Forest BlvdDetached$550,0003114296
1033 Obrien StDetached$600,0004214162
1311 Pine StDetached$600,0003321506
5 Becket StDetached$685,00042.5365417
17859 Pilkington RdDetached$695,00032.5322279
16921 Kara LnDetached$750,00032.523825
5440 Bay Creek DrDetached$775,00032.524424
7 Mountain View LnDetached$850,00052.5332422
16933 Greentree AveDetached$874,90042.522767
5681 Yorkshire CtDetached$894,90042.529855
3830 Tempest DrDetached$949,95043309922
19310 Riverwood LnDetached$999,0005331921
1931 Park Forest CtDetached$1,025,00064.541076
2929 Glen Eagles RdDetached$1,100,0003225274
16972 Greentree AveDetached$1,100,00043281213
17911 Hillside DrDetached$1,200,0004336355
5922 Suncreek DrDetached$1,250,00043.5+.5402710
1860 Egan WayDetached$1,450,0004336955
853 D AveDetached$1,899,00043.5513729
18098 Pilkington RdDetached$2,199,00045.566806

Sold/Closed June 21-27, 2021

AddressTypeList PriceSold PriceSq FtCDOM
4 Touchstone #142Condo$229,900$220,00097951
137 Oswego SummitCondo$269,500$276,0001,2125
4320 Botticelli St #11Attached$399,950$368,000209813
979 Devon LnDetached$599,900$611,00023624
31 Partridge LnDetached$634,900$705,00031585
2991 Glen Haven RdDetached$650,000$715,00025605
4846 Lower DrDetached$812,900$718,4622655105
686 Sunnyhill DrDetached$750,000$770,00023926
3061 Westview CtDetached$875,000$800,000339636
5825 Bay Point DrDetached$850,000$869,00026043
4716 Heritage LnDetached$869,000$875,0002,6504
33 Da Vinci StDetached$760,000$890,00025604
17144 Warren CtDetached$920,000$910,000277818
15950 Parker RdDetached$899,900$935,00026863
12427 SW Orchard Hill RdDetached$849,000$967,50030232
17575 Blue Heron CtDetached$899,900$989,00029724
12986 Knaus RdDetached$1,149,000$1,054,7753242302
2002 Cedar CtDetached$1,180,000$1,100,00029456
13869 Amberwood CircleDetached$1,175,000$1,200,00033700
6407 Mission CtDetached$1,239,000$1,239,00036231
1151 Cherry CtDetached$1,180,000$1,100,00040097
4081 Pfeifer CtDetached$1,200,000$1,390,00040783
16315 Chapin WayDetached$1,795,000$1,775,00034784
743 6th St6Detached$1,675,000$1,900,0003922254
2112 Goodall CtDetached$2,100,000$2,150,00040784
13589 Goodall RdDetached$1,996,000$2,450,0004443230
1308 Northshore RdDetached$3,740,000$3,215,0004194254

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 ~ 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

AddressList Price# Beds# BathsTotal SFProp Type
14425 HOLLY SPRINGS RD$770,000532238CONDO
1724 FERN PL$950,000332160DETACHD
15776 INVERURIE RD$1,095,000322352DETACHD
13207 DEERFIELD CT$1,175,00043.13801DETACHD
5933 SUNCREEK DR$1,250,00043.24027DETACHD
7 NANSEN SMT$1,499,00044.15640DETACHD
1687 VILLAGE PARK LN$1,500,000433362DETACHD
16743 SW Pacific Highway$2,195,00043.14340DETACHD
420 RIDGEWAY RD$4,250,000443505DETACHD

PENDING June 14-20, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
4 TOUCHSTONE, #68$219,00022984CONDO58
4 TOUCHSTONE, #118$219,90022984CONDO3
4000 CARMAN DR  B27$269,00022869CONDO2
16250 PACIFIC HWY, #48$345,000221305CONDO5
5225 JEAN RD, #203$359,900321400CONDO7
1 EAGLE CREST DR$549,000321290DETACHD4
5691 WINDFIELD LOOP$599,000321588DETACHD6
38 NORTHVIEW CT$638,900443125ATTACHD324
4124 HARVEY WAY$649,900321410DETACHD22
1701 ASPEN CT$663,800321956DETACHD5
2604 GLEN HAVEN RD$729,900422104DETACHD3
15518 HERITAGE CT$820,00043.12885DETACHD4
5760 MERIDIAN CT$850,00042.12504DETACHD5
491 COUNTRY CLUB RD$865,000422486DETACHD46
441 9TH ST$895,000422408DETACHD1
17343 BROOKHURST DR$949,90042.13488DETACHD4
5455 LANGFORD LN$999,90042.13398DETACHD35
18711 WESTVIEW DR$1,195,00043.13592DETACHD6
14511 PFEIFER DR$1,250,00042.13422DETACHD6
16200 WALUGA DR$1,450,00053.13375DETACHD4
18031 MEADOWLARK LN$1,525,00043.13798DETACHD5
4502 LAMONT WAY$1,695,000443880DETACHD22
3140 DOUGLAS CIR$1,799,97143.14333DETACHD5
3250 UPPER DR$1,875,00044.14058DETACHD1
18783 STAFFORD RD$1,995,00054.25757DETACHD147
168 PINE VALLEY RD$1,995,00054.14906DETACHD7
1475 CHANDLER RD$3,200,00054.14515DETACHD0

SOLD June 14-20, 2021

AddressOpeningClosed # Beds# BathsTotal SFProp TypeCDOM
16200 PACIFIC HWY  #21$419,900$420,000221190CONDO5
16200 PACIFIC HWY  #4$490,000$430,000221190CONDO68
14392 SHERBROOK PL$515,000$558,00032.12133DETACHD4
3388 EDGEMONT RD$595,000$600,00032.12019DETACHD5
16873 CANYON DR$648,000$635,00032.11879DETACHD0
1865 GREENTREE RD$699,000$680,000421960DETACHD6
13413 AUBURN CT$689,000$689,00043.12822ATTACHD3
1858 SOUTHSHORE BLVD$650,000$710,000422097DETACHD56
16915 GREENTREE AVE$759,000$710,000332791DETACHD7
14 MORNINGVIEW CIR$689,900$715,00043.12728DETACHD19
17380 MARJORIE AVE$675,000$750,000421810DETACHD3
5546 ROYAL OAKS DR$759,000$770,000321920DETACHD23
2911 SW ORCHARD HILL PL$795,000$782,00043.13740DETACHD37
1244 HALLINAN CIR$775,000$885,000432485DETACHD5
4188 COBB WAY$825,000$910,000432586DETACHD5
5747 VICTORIA CT$810,000$925,00042.12432DETACHD2
1982 WEMBLEY PARK RD$975,000$925,000544561DETACHD15
2740 GLEN HAVEN RD$699,900$950,00032.11612DETACHD3
340 8TH ST$875,000$954,000322146DETACHD4
4471 West RD, Lot 4$1,125,000$1,200,181433885DETACHD10
3610 PIPER CT$1,300,000$1,225,00043.13976DETACHD60
5795 DOGWOOD DR$1,285,000$1,265,00042.13420DETACHD4
5800 SEVILLE AVE$1,299,000$1,310,000443912DETACHD12
755 5TH ST$1,375,000$1,422,50043.13001DETACHD4
3933 EDENS EDGE DR$1,450,000$1,450,00043.14436DETACHD35
137 FURNACE ST / Upper$1,479,000$1,485,000321927CONDO3
1640 COUNTRY CMNS$1,635,000$1,635,00044.15343DETACHD0
445 NORTHSHORE RD$3,198,000$3,110,00033.12908DETACHD2
1730 NORTHSHORE RD$4,295,000$4,192,50043.14173DETACHD3
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.

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)

Plant Sale

I’m reversing the order of my blog posts this week. Usually the market activity report is posted first and then an editorial. However, this week I want you to have a heads up about a great even this Saturday, with time to get it onto your calendar.

This is the 97th year for the Lake Grove Garden Club’s annual sale. It will be this Saturday, the 19th of June, from 9 to noon, at Our Saviors Lutheran Church on Quarry Rd.

A wide variety of plants and garden objects will be offered, most at prices significantly less than you would find at garden stores. This is possible because the plants have been raised and cultivated by members of the club.

Proceeds go to community projects to beautify the neighborhoods, to protect heritage plants, and to a scholarship to support a student who attends Clackamas Community College in the horticulture program. Very worthwhile!

For me gardening is a salve to my soul. Digging in the dirt really is so calming, peaceful, and rewarding. I think it’s also cheaper than therapy!

Dianne

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

Tues, June 15, 2021 – 4:00-5:00PMCook 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 – 4:00-6:00PMParks 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 – 7:00-8:30PMTrivia 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-1:30PMLake 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 DayFathers 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.