Why Live in McVey-South Shore
McVey-South Shore in Lake Oswego has transitioned from a subdivision for iron furnace workers to a neighborhood featuring multi-million-dollar waterfront properties. Luxury homes and abundant greenery attract homebuyers who appreciate proximity to Portland and tech corridor jobs. The area offers a variety of home styles, including modern traditional estates built around the turn of the 21st century, and mid-century ranch-style homes and Craftsman bungalows. Home prices range from $550,000 to $5 million, with lakeside mansions featuring private easements for water activities like paddleboarding and kayaking. The neighborhood is safer than the national average, scoring lower on the crime index.
Highly rated schools are a significant draw, with Hallinan Elementary, Lakeridge Middle, and Lakeridge High School all earning top marks. Lakeridge High School, in particular, is noted for its extensive extracurricular offerings, including clubs and athletics. Residents enjoy numerous parks, such as Aspen Park and George Rogers Park, which offer scenic views, historical sites, and recreational opportunities. The soon-to-open Lake Oswego Recreation and Aquatics Center will provide additional fitness amenities.
Local dining options include Adisaya Thai and Bellagio’s Pizza, while New Seasons Market offers fresh groceries. The neighborhood shopping center connects older and newer parts of McVey-South Shore, with Stafford Road linking the area to Route 43, making Downtown Portland accessible in about 20 minutes.
Home Trends in McVey-South Shore, OR
On average, homes in McVey-South Shore, Lake Oswego sell after 66 days on the market compared to the national average of 53 days. The median sale price for homes in McVey-South Shore, Lake Oswego over the last 12 months is $935,000, down 15% from the median home sale price over the previous 12 months.
Median Sale Price
$935,000
Median Single Family Sale Price
$1,035,000
Average Price Per Sq Ft
$471
Number of Homes for Sale
11
Last 12 months Home Sales
29
Median List Price
$1,047,450
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-15%
