6 Reasons We Love Lake Oswego in July

Luckily the days are long in July in Lake Oswego because there is so much sunshine to soak up and things to do. Here are a few of the reasons to look forward to July in Lake Oswego.

LAKE OSWEGO SWIM PARK. Open to all Lake Oswego residents, the Lake Oswego Swim Park opens July 1 and is open from 1:00 p.m. to 6:00 p.m. daily, weather permitting through August 28. Certified lifeguards are on duty at all times and the park features diving platforms, inner tubes, outdoor showers and lounge chairs. Proof of residency is required and ages under 12 must be accompanied by someone 16 years or older. 250 Ridgeway Road, 503.953.9325 (during park hours).

4th OF JULY FESTIVITIES. Lake Oswego is small-town living at its best on the 4th. From sunrise to sunset, there are all kinds of ways to celebrate the holiday. Be sure to check out last week’s blog for a complete rundown of events.

ROVER. The Lake Oswego Public introduces ROVER, a mobile pop-up library this month. What does ROVER stand for? Roaming Off-site Venue Engaging Readers, and it’s an 8-week pilot project designed to help meet patron’s library needs on-the-go, kind of a “park it and they will come” approach. Patrons can browse and check out popular books for all ages, get reading recommendations from librarians, pick up take-and-make crafts (while supplies last) and learn about the library’s digital resources. Starting on Wednesday, July 6 and continuing through August 27, ROVER will be at the Lakeridge Middle School on Wednesdays from 4:00 p.m. to 7:00 p.m. and Westlake Park on Saturdays from 10:00 a.m. to 1:00 p.m.

SUMMER OF MUSIC. Lake Oswego’s popular summer concert series kicks off in July.

DateBandGenre
July 6Soul VaccinationFunk & Soul
July 10Norman SylvesterBlues
July 13Nate BotsfordCountry Rock
July 20Eagle EyesEagles Tribute Band
July 24 Todd HaabyNuevo Flamenco
July 27Red Light Romeos 70s Sounds
August 3KalimbaRhythm & Blues/Soul
August 7Aaron Meyer TrioConcert Rock Violin
August 10Precious ByrdFunky Rock n’ Roll
August 17Shades of HueyHuey Lewis Tribute Band
August 21MbrascatuModern Indie
August 24Hit MachineCover Band – hits from 5 decades

MOVIES IN THE PARK. Darkness, camera, action! That’s the City of Lake Oswego’s cue that its summer Movies in the Park are ready to roll on the big screen at Millennium Plaza Park at First and Evergreen and finish up at Westlake Park,14165 Bunick Drive. Round up the family for what has turned out to be a popular Lake Oswego summer tradition. Armed with blankets, pillows and low sand chairs you can enjoy a night of free entertainment. Popcorn and other treats are available for purchase.

Here’s the schedule:
Thursday, July 21 Luca (MPP)
Thursday, Jul 28 Space Jam, A New Legacy (MPP)
Thursday, August 4 Sing 2 (WLP)

FLORAL DESIGN CLASS AT ZUPAN’S. July’s creation is a vibrant floral crown and matching floral tattoo. Plus, enjoy wine, cheese and charcuterie during the class. After months of virtual classes, this one will be held in the breezeway. Class is limited to eight guests. The $125 fee includes all materials and cheese and charcuterie plate. 16380 Boones Ferry Rd.

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Here’s Why You Don’t Want to Leave Lake Oswego in July

If you read my blog regularly, you know at least 52 reasons to be in Lake Oswego 365 days a year, let alone in July.

BUT

Come July, the evidence is even more convincing, led by the #1 reason which is….

FOURTH OF JULY FESTIVITIES

Lake Oswego is a small town that thinks big and nowhere is that more apparent than in the lineup of things to do on Independence Day (and leading up to it). Here’s what you have to look forward to:

SKI AND WAKEBOARD EXTRAVAGANZA. Grab a viewing spot of the action in Lakewood Bay at Sundeleaf Plaza, Stickmen’s Brewery & Skewery, the Lake Theatre and Café, or Millennium Plaza Park on Sunday, July 3 beginning at 10:00 a.m. (ski show) and 1:00 p.m. (wakeboard) in Lakewood Bay. Stick around for the Portland Water Spectacular Ski Show at 5:00 p.m. as a team of skiers performs tricks, barefoot skiing, jumps and skiing pyramids.

MILLENNIUM CONCERT BAND. Get in the flag-waving mood with your patriotic favorites on Sunday, July 3, beginning at 7:00 p.m. at Millennium Plaza Park. 200 First Street.

LIONS CLUB PANCAKE BREAKFAST. This is the one time of the year my wife eats pancakes so they must be good (and hers are gluten-free)! Early birds make sure they get the marionberry syrup. It’s all you can eat of pancakes, sausage, coffee, orange juice or milk. George Rogers Park, 611 S. State Street. Monday, July 4 from 8:00 a.m. to 11:00 a.m.(or until they run out of food, whichever comes first). $10/Adults; $7/Kids under the age of 12. All proceeds go towards supporting the Lions Club’s charitable efforts throughout the year.

STAR-SPANGLED PARADE. What kid doesn’t love a parade? Apparently, none in Lake Oswego as it seems every child under the age of 10 is either walking down A Avenue or cheering those on who are. The parade begins at 10:00 a.m. and finishes at Millennium Plaza Park with a Star-Spangled Celebration complete with face painting, music, food trucks, and a pie-eating contest at 12:00 noon. Things wrap up at 1:30. Registration is required to participate in the parade.

INDEPENDENCE DAY ILLUMINATION: A CONCERT AND LASER LIGHT SHOW. An epic start—the pancake breakfast—deserves an epic end, which the City of Lake Oswego delivers at Foothills Park with a concert from Oncore, a high energy dance band at 8:00 p.m. and a laser light show starting around 10:00 p.m. Enjoy it all with family and friends by reserving your spot with blankets, pillow and low sand chairs.

FIREWORKS ON THE LAKE. The show begins around 9:45 p.m. on the west end of Oswego Lake so best to be at the Lake Grove Swim Park, on the Oswego Canal bridge, in a boat on the lake, or at a lakefront party if you can get an invite.

Lake Oswego has a lot more going for it than just its 4th of July celebrations. If you’re thinking about moving here, let me show you around and explain our local housing market. I’ve been a Realtor® in Lake Oswego for over 30 years and would love to put that experience to work for you in finding you a home (or helping you sell one if you already live here and want to move up, down, or on). Give me a call at 503.939.9801 and/or check out my website.

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Why There Is No Better Place To Be Than Lake Oswego in the Summer

It’s almost officially summer and if you find yourself in Lake Oswego, consider yourself lucky. Why? Let me give you a few reasons.

THE BEST IS YET TO COME. If you lived in southern California, you’d be experiencing “June Gloom,” following “May Gray,” and sometimes followed by “No-Sky July” and “Fogust.” Despite what all the brochures say, southern California beaches are not always sunny. My daughters lived down there for a period of time and I never understood why vacationers flocked to the area during these months when good weather was less bankable than during other months. So no need to “wish” you were in sunny California because you’re lucky enough to be in Lake Oswego where the worst of our gloomy days are behind us and sunny days ahead. Having lived through Portland’s wettest spring in 81 years, I know you may be doubting me right now, but have faith.

NO HUMIDITY. New Orleans has a lot going for it, but if you find yourself there in June, prepare to sweat.  The chance that a given day will be muggy in New Orleans increases during June, rising from 75% to 95% over the course of the month. In contrast, Weatherspark gives Lake Oswego a 0% chance of being humid in June.  

BUG-FREE. South Carolina’s summer weather is a lure for humans seeking sand and sun, but it also attracts creepy crawlers like ants, spiders, cockroaches, lovebugs and mosquitoes who really thrive there. Hence, the screened-in porches you’ll see that enable South Carolinians to enjoy their summer nights without the summer bugs. No need for that here in Lake Oswego. For the most part, we can enjoy our summer nights bug-free.

OCCASIONAL (NOT DAILY) STORM. Florida may have beaches and sunshine but it also has almost daily summer storms and is considered the lightning capital of the United States. Here in Lake Oswego, we may get the occasional thunderstorm in the summer, but it’s not something you have to factor into your summer plans.

NO CROWDS. New York City is always crowded, but summer crowds beginning in June take it to a new level. If you like smelling other people’s armpits in a crowded subway, be my guest. But if you prefer your summer days to be more relaxed and filled with natural beauty instead of tourist sites, then consider yourself lucky to be in Lake Oswego.

So see?! No need to wish you were anyplace else than Lake Oswego in the summer.

I’m here if you need me to show you around, discuss the Lake Oswego housing market, or meet with you to provide a complimentary market analysis. Give me a call at 503.939.9801 or email me at kevin.costello@cascadehassonsir.com. Enjoy your summer!

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Lake Oswego Real Estate Market Update June 2022

While the HOT housing market may be cooling down a bit, I am still seeing quite a bit of activity in Lake Oswego. I’m also seeing a move towards normalizing the market which as I’ve said all along, I think is a good thing in the long run.

Here are some of the subtler shifts I’m spotting that indicate we are in a different market than we were a year ago. Of course, you’ve all read about how higher interest rates are taking the steam out of the market but I’m talking about shifts that don’t make the headlines.

Like price drops. For instance, a 4-bedroom 3-bath home in the Palisades Terrace neighborhood dropped its list price by $255,000 after 30 days on the market and no sale. A 4-bedroom 2.5 bath home in Mountain Park lowered its list price from $920,000 to $879,000, a drop of $41,000 after 27 days. After 29 days on the market, a 5-bedroom 4.5 bath home in the coveted First Addition neighborhood is listed at $2,998,000–$197,000 lower than its original listing price.

Like bidding wars. I’m not seeing the mad frenzy that had 10-20 buyers all vying for the same property and trying to outdo themselves with offering thousands over asking and waiving inspections. Instead, buyers are often accepting the first and what they assume is the best offer. Or buyers are finding themselves competing with two or three other buyers instead of an entire posse.

Like increased inventory. According to real-estate and economics writer, Bill McBride, an increase in inventory is the bellwether signaling a market shift in today’s market because, as he states in a recent article in The Atlantic, “…as inventory increases, house-price growth will slow.” Last year we often saw the month of inventory, meaning how long the current supply of homes on the market would last if no new listings were added, often register below one month. In May, the MOI for Lake Oswego detached homes was 1.5. While we are still months away from what’s considered a “healthy” supply—six months—at least we are headed in the right direction.

Like appreciation. Don’t get me wrong, home values are still going up in Lake Oswego. But the annual change in 2021 was a 24.3% increase. At the end of May, the appreciation stood at 11.4%. To give you some perspective, I’ve tracked the appreciation rate in Lake Oswego over the past ten years. Take a look:

YEARAverage Real Estate Sold ValueAnnual Percentage Change
2022 (Year to date)$1,365,43711.4%
2021$1,225,38224.3%
2020$986,1909.0%
2019$905,0013.4%
2018$875,0863.1%
2017$848,7404.1%
2016$815,47416.4%
2015$700,7188.1%
2014$648,1609.5%
2013$591,8367.6%
2012$549,8042.2%

I like being your resource for information about the Lake Oswego housing market so please feel free to give me a call to discuss how current market conditions impact your plans to move in, out or around Lake Oswego. You can reach me at 503.939.9801, email me at kevin.costello@cascadehassonsir.com and/or check out my website. I look forward to hearing from you.

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12 Things We Love About Lake Oswego in June

LAKE RUN. Runners are on their mark, set, and off this morning starting at 8:00 a.m. If you’re an early riser, you can maybe still make it. But if not, you can still enjoy the after party that runs until 1:00 p.m. in Millennium Plaza Park. Or head out to the course and cheer on the runners—believe me, they’ll appreciate it! You can read up on the Lake Run here. Sunday, June 5 from 8:00 a.m. to 1:00 p.m., 200 First Street.

COOL BOOKS FOR HOT DAYS SUMMER READING PREVIEW. Summer is called “Beach Reads Season” for a reason. Most of us find a little more leisure time on our hands, good weather to enjoy it in, and, lots of books to put the two together. As New York Times book critic Clive Barnes said in 1968, “Why summer reading? One doesn’t have winter reading, or fall reading (that I suppose would have too autumnal an echo or even…spring reading. But summer reading—like the Statue of Liberty and motherhood—is always with us.” Given that, Lake Oswego librarian Chris Myers has put together a tour of 30 new or forthcoming titles you may want to add to your TBR list in a 60-minute talk presented over Zoom. Pre-registration is required. I have a couple suggestions of my own written by my daughter and real estate partner, Riley Costello. Her debut novel, named a Best Beach Read in 2019, Waiting at Hayden’s, is available now on Amazon and her next novel, Waiting for December is due out in late summer/early fall so watch for it. Tuesday, June 7 from 7:00 p.m. to 8:00 p.m.

Add this Lake Oswego author’s “Best Beach Read” to your summer reading list!

ART + MAKERS SERIES. The Arts Council of Lake Oswego has a special program planned to immerse participants in the live and work of artist, Frida Kahlo. In conjunction with One River School of Art and Design, participants will learn about her life and paintings and then be guided step-by-step in creating an acrylic artwork of their own. The $65 fee includes all materials as well as food and beverages. Registration is required as space is limited. Christ Church Episcopal Parish, June 9 from 6:00 p.m. to 8:00 p.m. 1060 Chandler Road.

LAKE GROVE SWIM PARK. This popular summer hangout for kids, adults and families alike, opens for a summer of memory-making on Saturday, June 11. Wondering why this is a place where memories are made? Check out one of my previous blogs. Parents will be glad to learn that swim lessons return this year starting July 11 with signups on July 10 at 9:00 a.m. Stay tuned for more details on all the reasons why you want to put the Lake Grove Swim Park on your summer to-do list. 3800 Lakeview Blvd.

SUNDAY SUPPER CLUB. How about a blind group date? The Lake Oswego Parks and Recreation Department has scheduled once-a-month casual mid-day dinners for 18 years and older at local restaurants. This month’s is at Corona, 4250 Mercantile Drive in Lake Oswego at 200 p.m. on Sunday, June 12. Register online for #24404 or call 503.635.3758.

FLOURISH DEDICATION. Meet and greet Ed Carpenter, the artist who created Flourish, the beautiful sculpture that greets people as they enter Lake Oswego along State Street at the Terwilliger boundary. Installed in the fall, the City of Lake Oswego is officially dedicating it at this festive reception at the Adult Community Center. June 13 from 3:00 p.m. to 5:00 p.m.

BARNYARD TALES AT LUSCHER FARM. How about a little change of scenery to spice up your storytime? Bring your wee ones (ages 0-4) to the farm for stories and some fun garden-based activities (children must be accompanied by parents). Please register in advance as space is limited. Thursday, June 16 from 10:00 a.m. to 10:30 a.m. 125 Rosemont Road

LOBSTER FEED AND CHARITY AUCTION. After a drive-through event last year, the big event under the Lakewood Center tent returns this year on Saturday, June 18 to kick summer festivities off. Sponsored by the Lake Oswego Rotary and Lakewood Center for the Arts, this annual event raises funds to benefit Lakewood Center programs, Hunger Fighters of Oregon, Clackamas Women’s Services, Easterseals of Oregon Summer Camp for Kids and MAIA Impact School – Guatemala as well as other humanitarian, community and arts causes. Lobster is flown in from Maine and is served up with lots of other goodies and entertainment. Tickets are on sale now. 503.635.3901, If you can’t make it, consider buying a raffle ticket for a 7-night Mekong River Cruise.

JUNETEENTH 2022. Join Respond to Racism, LO for Love and the City of Lake Oswego to commemorate the end of slavery with a community celebration in Millennium Plaza Park on Saturday, June 19 from 2:00 p.m. to 4:00 p.m. The event includes a keynote address, live music and dance performances, poetry readings from local youth and more.

LONGER DAYS. If you’re a longer day fan like me, then June is your month here in Lake Oswego. The earliest sunrise occurs on June 15 at 5:21 a.m. followed by the latest sunset on June 26 at 9:03 p.m. And the summer solstice occurs on Tuesday, June 21 and clocks in at 6 hours and 58 minutes longer than our December solstice with 15 hours, 40 minutes and 25 seconds of daylight. I’ll take that

LAKE OSWEGO FESTIVAL OF THE ARTS. This year’s event brings back many of our favorite activities including music, food and some amazing kid’s activities. The theme for the juried exhibit is Reemergence which promises to generate a lot of reflection on what our community and the world has endured during the pandemic. A new feature—the Night Market will debut this year as well, with the Art in the Park exhibitors staying open until 9:00 p.m. Saturday night. Saturday and Sunday, June 25 and 26. Lakewood Center hours: 10:00 a.m. to 6:00 p.m. on Saturday and 10:00. a.m. to 5:00 p.m. on Sunday. George Rogers Park: 8:00 a.m. to 9:00 p.m. on Saturday, and 8:00 a.m. to 5:00 p.m. on Sunday. 368 S. State Street.

HYDRANGEAS. These are my wife’s favorite flower and in June they start their summer display. She and my daughter love hydrangeas so much, they have a few hydrangea-themed items listed in their Etsy shop, Heartspun Printables. Be sure to check them out.

You can purchase this printable wall art at Heartspun Printables on Etsy. ART

June is also a great month to move to Lake Oswego so you can experience some of these wonderful things for yourself! If you’re thinking of moving to Lake Oswego or moving within Lake Oswego, give me a call at 503.939.9801, email me at kevin.costello@cascadehassonsir.com and/or check my website. As you can tell, I love living here and I’ve helped others experience the same thing as a Realtor in Lake Oswego for over 30 years. Let me put my experience to work for you helping you call Lake Oswego home!

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5 Ways the Lake Oswego Lake Run Has Changed over the Years (And a few important ways it hasn’t)

After a year of being canceled, followed by another of going virtual, the Lake Oswego Lake Run returns this year for its 46th appearance on Sunday, June 5. Much of what we love about the Lake Run remains the same but here are a few changes you might notice, depending on how far back you go with this tradition.  

The course has changed. When my wife and I ran it many years ago, there were a lot more climbs involved than the current course. Instead of running all along South Shore Boulevard once runners survive the McVey challenge, we cut up Greentree and into the Palisades neighborhood before picking South Shore up again off Westview. And instead of continuing on  Lakeview Boulevard to meet up with Iron Mountain, we veered off onto Summit Drive, up to Village on the Lake before descending down to meet up with Iron Mountain Boulevard. So, just remember, as you are cursing McVey, be grateful that once you master that, the worst is behind you.

The sponsoring organization has changed. For many years the Lake Oswego Junior Women’s Club sponsored the Lake Run but in 2019, turned those honors over to Northwest Housing Alternatives (an organization that actually received some of the proceeds even when the Women’s Club ran things). They have had their challenges, given that Covid canceled in-person events for two years. But this year they are back at it.

There are more options than before. When we ran it, we either hired a babysitter to stay home and watch our kids, or one year, we had our kids meet us halfway and finish the race with us (well, I think I actually had to carry my youngest on my shoulders for most of the way). But now there is a 5K and a Kid Dash, making it a real family fun event, topped off with the Festival. And, as a carryover from Covid days, runners can also participate virtually, running their own course in their own time and just registering their results.

It’s held in June instead of May. Traditionally the Lake Run was held the first part of May; however, this year it has been moved to June. Good news on a couple fronts—a better chance for good weather, it doesn’t compete with another worthy fundraiser—Walk4Water—and….it gives you more time to train!

You can contribute to a food drive at the Lake Run Festival. The race organizer, Northwest Housing Alternatives is hosting a food drive for seniors living at their affordable housing properties in Lake Oswego and Clackamas County and you can donate at the festival or drop off food at either the New Seasons on Monroe Parkway or Albertson’s on Boones Ferry Road.

There are lots of good things about the Lake Run that haven’t changed like:

The scenery. Views of Oswego Lake and tree-lined streets are bound to keep you distracted enough that you may not even realize you’re working out!

Cheering neighbors. The Lake Run is a community event, supported not just by the volunteers and runners but the neighbors who come out to cheer the participants on. Be prepared to be clapped for, encouraged and reassured that “You’re lookin’ good” whether you’re feelin’ good or not!

Benefits a good cause. Northwest Housing Alternatives builds new homes and new opportunities for seniors, families, veterans and people with special needs across Oregon. With more than 1,900 homes across the state, NHA is one of the largest providers of affordable housing in Oregon. In addition, NHA provides homeless intervention programs for families in Clackamas County, including operating the Annie Ross House family emergency shelter for families experiencing homelessness.

Bragging rights earned. The Lake Run is tough enough to bestow bragging rights on all who finish (but not so tough that you can’t!)

Register online.

If you’d like to become part of the Lake Oswego community, let’s talk! I’ve been a Lake Oswego Realtor for over 30 years and would love to help you make this wonderful place your home. Call me at 503.939.9801, email me at costellok@hasson.com, and/or check out my website.

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Where to Celebrate National Hamburger Month in Lake Oswego

It seems only fitting that just as the days are getting longer, and our thoughts turn to firing up the grill, that National Hamburger Month should also roll around. If you’d rather have someone else do the grilling for you, here are a few hamburger standouts in Lake Oswego for you to try.

Killer Burger. There are lots of reasons to try Lake Oswego’s Killer Burger. Number one—it’s the new kid in town. Number two—its fan favorite is the Peanut Butter Bacon Pickle Burger and aren’t you just a little curious about that?! Number three—the Lake Oswego location is owned by former Oregon Duck football player and Heisman Trophy finalist LaMichael James, so go Ducks! Google reviewers will provide you with lots more reasons describing the burgers as “last-meal worthy” and admitting that, “I could eat here every day if my kidneys wouldn’t fail.” All burgers come with bacon (for some of us, that would be reason Number four) and then things really get creative with add-ons that include brined red peppers, bleu cheese fondue or crispy jalapeño. French fry fans also get to choose from four different dipping sauces, including peanut butter, just in case you didn’t get enough on your burger. 9 Centerpointe Drive, Suite 3, 503.747.5877.

Giant Drive-In. From the new kid on the block to the oldie but a goodie. Giant has been around for over 40 years, coming in #5 in the Oregonian’s 2011 roundup of favorite classic burgers in the Portland metro area and showing that it certainly has staying power. To find out some of the reasons Lake Oswegans keep going back, check out my earlier blog below. 15840 Boones Ferry Road 503.636.0255.

Little Big Burger. This Portland-born joint has grown to 13 locations in Oregon alone with other locations in Washington and North Carolina (yup! You read that right). Burgers come with your choice of cheese (lucky for all you goat cheese lovers out there) and are quite frequently paired with their popular truffle fries. Little Big Burger made Honorable Mention on the Female Foodies Best Burgers in Portland list and came in second on Global Grasshopper’s “Where to find the best burgers in Portland” roundup. 3 Monroe Parkway, Suite T, 503.744.0792.

Next Level Burgers. This is the perfect spot for vegans who are tired of looking at a menu and seeing all the things they can’t have. Next Level is a 100% plant-based burger joint with enough choices to make sure you never feel deprived for choosing to eat sustainably. And that goes for the French fry selection as well! Next Level made Thrillist’s list of best burgers in Portland and came out on top on the Global Grasshopper’s best burger list so see if you agree. It’s tucked inside Whole Foods 365 at 11 S. State Street, 503.305.6146.

Lardo’s. Although touted as a sandwich place, the Kumar Burger here came in #18 on PDX Monthly’s listicle of Portland’s 20 best cheeseburgers. Consider it the antidote to Next Level with its moniker that it “worships at the altar of bovine and swine.” Located in Mercato Grove, 4205 Mercantile Drive, 503.303.9227.

Burgerville. The Burgerville website knows how to talk to Pacific Northwesterners, speaking to things like locally sourced ingredients and sustainable practices. The beef here comes with a name like “Grass Fed, Grass Finished Carman Ranch Beef Patty” and you’ll recognize other producers like Grand Central Bakery (for their buns), and Tillamook and Alpenrose Dairy (for those hard-to-beat milkshakes). Started in 1961, the chain has grown to 40 locations across the Pacific Northwest so it seems that Burgerville not only knows how to talk to us, they also know how to feed us. 15650 SW Upper Boones Ferry Road, 503.684.8142.

I don’t just hand out burger recommendations. If you’re looking for recommendations on where to live in the Portland metro area and particularly in Lake Oswego, please give me a call at 503.939.9801, email me at costellok@hasson.com and/or check out my website.

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The Most Important Thing Your Realtor Can Do for You in Today’s Lake Oswego Housing Market

When you enter the real estate market chances are you know to get your finances in order. But did you realize you also need to get your emotions in order as well? Especially in today’s housing market, buying or selling a home can be emotionally taxing at times. That’s why a good Realtor should not just

•educate you about local real estate market values

•know about comparable neighborhoods

•be aware of what goes into a compelling offer

•provide quality referrals for services you might need

•be available and an excellent communicator

 but also…

•manage your expectations.

What do I mean?

Hyperlocal Realtors like myself have a pulse on the market and can sense when things are changing. For the last 12-28 months, we’ve been in an overheated seller’s market. That has called for managing both buyers’ and sellers’ expectations.

For buyers—they needed to realize that the competition was going to be stiff and might require offering over the asking price, including an escalation clause and offering all cash if possible.

Sellers needed to understand their priorities—highest offer, cash, rent back because once the offers came in, buyers would be anxious to know where they stood so they could move on.

In the last couple of months, while the market is still hot, it has cooled down a bit as evidenced by these changes:

•Buyers waiting to submit offers to test the competition

•When offers do come in, there may be 3-5, compared to 10-12

•Sales prices coming in closer to asking price than before

•Some sellers taking the first offer instead of waiting to see what else rolls in

•Price adjustments being made on houses for sale

•Appraisals coming in under sales price

So now, Realtors are having to manage sellers’ expectations more than buyers.’ Stories of houses selling for $100,000 over asking were true just a couple months ago but are not reflective of what’s happening in the market today. These slight shifts can mean the difference between a seller recognizing a strong offer or not. A good Realtor needs to lay out the current landscape before the selling process begins so homeowners go in with their eyes wide open and their expectations realistic.

If I can help bring you up-to-date on the current state of today’s Lake Oswego housing market, please give me a call. Being informed is the first step toward making a wise decision about whether to buy or sell. You can reach me at 503.939.9801, email me at costellok@hasson.com and check out my website. I’ve lived in and been a Realtor in Lake Oswego for over 30 years and would love to put my knowledge and experience to work for you to making your homebuying and/or selling experience a positive one!

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The Lake Oswego Farmers Market is Back in Full Swing!

After two years of scaling down to meet Covid guidelines, the Lake Oswego Farmers’ Market is back in full swing, kicking off last Saturday! Close to 80 vendors will be offering their goods each Saturday morning from 8:30 a.m. to 1:30 p.m. through October 1 at Millennium Plaza Park. Market-goers can enjoy live music from 10:30 a.m. to 12:30 p.m. and kids can enjoy both Kids Corner activities as well as the Farm Fresh Kids program.

Here’s a peek at some of the new vendors making their debut at the Lake Oswego Farmers’ Market this year: (Please note that schedules vary. Not all vendors will be present every week).

Nouriche Broth featuring small batch bone broths made locally in Portland Oregon.

Buddha Chocolate offering handcrafted chocolate in bars like Wild Rose & Sea Salt, Oregon Hazelnut, Lavender Bliss, Coffee Ritual and more as well as drinking chocolate.

Casa Luna Winery bills itself as the “smallest winery in Oregon” and is based here in Lake Oswego, harvesting grapes in the Willamette Valley. They produce Pinot Noir, Pinot Gris and Rose Pinot Gris wines.

Catherine’s Cattle Ranch is a small family-owned-and-operated farm in North Plains, Oregon that raises grass-fed-and-finished beef.   

Dank Fish offers native caught fresh salmon steelhead along with smoked and canned fish fresh from the Columbia.

Garibaldi Cellars is a small boutique family-owned custom crush winery specializing in award winning Pinot Noir, Rose, Chardonnnay, and white blends. Located in Tigard, they source their grapes in the Willamette Valley.

Goddess Mousse specializes in “healthy indulgences” also known as plant-based, maple-sweetened chocolate mousse.

Love Eatz Smashburgers will be serving up classic, simple and delicious smash-burgers and home fries.

Not Bread will be selling its gluten-free, dairy-free seed loaf crafted from organic oats, seeds, honey and sea salt.

Orange & Blossom is a modern farm-focused, plant-based patisserie out of Portland that will be offering goodies rooted in the seasons and made with organic produce and ingredients sourced directly when possible.  

Red Bird Acres is a first-generation, pasture-based, open sky, certified Animal Welfare Approved livestock farm and will be bringing its pork to the market on a regular basis as well as lamb, turkeys and chicken seasonally.

Riverland Family Farm provides the highest quality organic produce through socially and environmentally sustainable practices. Enjoy their variety with over 100 different fruits, vegetables and herbs.

Zanjabiel is a small women-owned catering and restaurant business focused on authentic middle eastern cuisine made from scratch using the freshest natural ingredients and recipes passed down from family.

Discover all the reasons to love Lake Oswego by subscribing to my blog. Click the “Sign me up” button in the top right-hand column.

And…if you think you’d love to move to Lake Oswego, give me a call at 503.939.9801, email me at costellok@hasson.com and/or check out my website. Between my daughter and me, we have over 30 years’ experience helping people make Lake Oswego their home. We’d love to do the same for you! http://www.kevincostello.hasson.com/

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7 Things We Love About Lake Oswego in May

LAKE OSWEGO FARMERS’ MARKET. Lake Oswego’s favorite excuse to “hunt and gather” kicks off on Saturday, May 7 and will continue through October 1. The variety this market provides explains why residents turn out in droves to try artisan cheeses and baked goods, locally sourced jams, jellies and salsas, hummus, fresh produce, meats, seafood, nuts, nursery items, hot foods, artisan crafts and more. Enjoy live music from 10:30 a.m. to 12:30 p.m. And be sure to check out the Urban and Community Forestry booths and activities for kids and adults on Saturday, May 21 as part of Lake Oswego’s Arbor Day extended celebration. 8:30 a.m. to 1:30 p.m., Millennium Plaza Park.

CAMELOT. The Lakewood Center is providing us with a new, inventive take on this classic triangle love story with performances throughout the month of May. A special Wine on Wednesday performance will be held on May 18, with wine tasting provided one hour before the curtain goes up. Get your tickets online. 368 S. State Street, 503.635.3901.

WALK4WATER15. Join WaterAfrica supporters in the fifteenth annual walk to raise awareness and funds to make water, sanitation and hygiene resources available for rural Zambians. WaterAfrica partners with World Vision to reach its goal of “finishing the job” of providing safe water to all Zambians in the next five years. Register for this year’s event to begin at 9:30 a.m. at Foothills Park on Saturday, May 7. Fees are $25/child; $50/adult; $300/family. 199 Foothills Road.

MOTHER’S DAY CLEMATIS CELEBRATION. Bring your mom out to Luscher Farm to browse the expansive clematis collection and gift her one from the potted varieties for sale. You can also visit booths from local vendors and stop by the Children’s Garden to make a craft for mom. Saturday, May 7 from 10:00 a.m. to 4:00 p.m. Luscher Farm, 125 Rosemont Road.

VILLAGE FLOWER BASKETS. As I mentioned in an earlier blog, seeing the village flower baskets go up in early May always brings a smile to my face because it’s a harbinger of summer and represents many things: the vision of a dear friend of mine, Doug Oliphant, the generosity of community members who finance the project through their donations, and the generosity of volunteers who traditionally hang the baskets every year. That’s in addition to the sprawling, trailing beauty these baskets bestow upon our streets all summer long. If you’d like to support the flower baskets with a contribution, call 503.636.3634 or send a check to the LO Chamber Foundation, PO Box 368, Lake Oswego, OR 97034.

ASIAN AMERICAN PACIFIC ISLANDER HERITAGE MONTH CELEBRATION. Head down to Millennium Plaza Park for this community cultural celebration honoring Asian Americans and Pacific Islanders featuring community speakers and musical performances from  Heart Strings Mandarin(link is external), dance performances from White Lotus Dragon & Lion Dance(link is external), martial arts student demonstrations from Wushu Martial Arts, cooking demos from Bambuza Vietnam Kitchen(link is external) and more! Sunday, May 22 from 12:00 p.m. to 2:30 p.m., 200 1st Street.

MEMORIAL DAY WITH LAKE OSWEGO VETERANS MEMORIAL. Join the City of Lake Oswego and the LO Veterans Memorial to honor the service of military veterans who are no longer with us. The program will include a keynote address from US Naval Commander Eric Schuk, a flyover from West Coast Ravens, a Presentation of Colors and a 21-gun salute from the Lake Oswego Honor Guard. Monday, May 30 at 11:00 a.m. Foothills Park, 199 Foothills Road.

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And to all you runners out there–don’t worry! You haven’t missed the annual Lake Oswego Lake Run which has moved its traditional date from May to June 5.

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