Name That Price
In Oregon, name the average cost to renew a real estate license.
~$300
This bridge connects Lake Oswego to Portland across the Willamette River?
Sellwood Bridge
This is the term for when an agent represents both the buyer and the seller in the same transaction
Disclosed limited agency (dual agency)
How many months of inventory did we have in August?
3.5 months
What is the median sale price for LO/WL in August Market Action Report? (within 25k)
$850,000
This iconic Lake Oswego park is home to the annual Farmers’ Market
Millennium Plaza Park
What form should you use to state the maximum amount a buyer is willing to pay for a property, used in multiple-offer situations?
Escalation clause
Are we up or down in closed sales YTD from 2024 to 2025?
Up - 145
In the Portland metro area, name the conforming loan limit for a single-family home in 2025
$806,500
What is Lake Oswego High School's mascot?
The Lakers
Financing Contingency
This is the maximum seller credit % towards buyer’s closing costs, when using a CONV loan with 10% down
6%
How much is the highest price sale in Lake Oswego this year (within 250k)?
1. $14M - 16697 MAPLE CIR
2. $10.5M - 4375 SOUTHSHORE BLVD
When was Oregon's urban growth boundary established
1973
This Oregon law protects homeowners from certain types of foreclosure and collection actions
What is the Homestead Exemption
In real estate, this statistic is calculated by dividing the number of closed sales by the number of active listings
The absorption rate