Closeup of hands on clock faceBuying or selling a house is a pretty exciting time in your life. It means you are making a move to a new place, with new opportunities and, perhaps, a new lifestyle. It’s normal to be excited. For folks who are buying a house it is a time of excitement to start fresh in the beautiful new home. For folks who are selling, they are probably looking forward to a move and also to the financial rewards of having owned and cared for a home. Additionally for sellers, time literally is money. Each additional day in escrow is one more day of paying taxes, insurance, and interest. So closing early is very attractive.
The typical loan can be put together in 30-45 days. There are even lenders who promote that they can close a loan in 2 weeks. I have seen that happen on one occasion. It was a builder and my client-buyer used the builders loan program. We went from contract to keys in 2 weeks. That was a motivated builder!
As much as a quick close is appealing and can be done, it really adds pressure to the buying experience. To close in 30 days or less you pretty much need to order the appraisal at the time that agreement is reached in the contract, which is prior to getting your home inspection. Because appraisers are now done by third party companies, this means that the appraisal has to be paid for whether you buy the house or not. So if the home inspection does not go well, it is money lost.
It also creates pressure the week of closing. Federal guidelines require that buyers receive a disclosure statement from their lender outlining the exact closing costs. This must be received and signed not less than 3 days before actually signing the loan documents. Then remember that most lenders want at least 24 hours after you sign your loan documents to review the papers before releasing the funds to close.
This is all about my suggestion that you go for a time line of 40-45 days. It just simply takes the pressure off and makes the experience more enjoyable. I know, I know, you want to be in by Thanksgiving….I’ll do whatever it takes to make it happen!
Dianne
The last few days have been absolutely spectacular. Fall colors are at their prime and the clear blue skies have really created exceptional beauty. Love this time of year!
As far as real estate, sales are staying very strong. Last week in Lake Oswego brought 14 new listings onto the market, 18 properties that accepted offers and went into pending status, and 12 properties that sold/closed.
Following is the breakdown for you according to RMLS:
New on the Market (Oct 21-27, 2019)
Address
Type
Price
BR
Baths
Sq Ft
4000 Carman Dr C37
Condo
$249,000
1
1
836
4057 Jefferson Pkwy
Attached
$295,000
3
2.5
1247
5060 Foothills Dr B
Condo
$350,000
2
2
1252
16200 Pacific Hwy #21
Condo
$399,900
2
2
1190
668 McVey Ave #36
Condo
$410,000
2
1
852
12846 Boones Ferry Rd
Condo
$389,000
2
2.5
1234
27 Greenridge Ct
Townhouse
$424,000
3
2.5
2140
1716 Aspen Ct
Detached
$515,000
3
2
1528
79 Greenridge Ct
Townhouse
$595,000
3
2
1642
1250 Pine St
Detached
$629,000
4
3
2856
15773 Springbrook Ct
Detached
$629,900
3
2
1616
17393 Grandview Ct
Detached
$839,000
4
3.5
3672
16892 Maple Circle
Detached
$1,425,000
3
2.5
1693
959 Country Club Rd
Detached
$2,900,000
3
4.5
4120
Pending Sales (Oct 21-27, 2019)
Address
Type
Price
BR
Baths
Sq Ft
CDOM
86 Kingsgate Rd i-201
Condo
$226,000
2
2
856
35
124 Oswego Summit
Condo
$234,999
2
2
1140
163
56 Galen St
Condo
$239,950
2
2
989
14
4634 Lower Dr
Condo
$240,000
2
1.5
1260
19
1581 Bonniebrae Dr
Townhouse
$355,000
2
2
1393
77
17273 Bryant Rd
Detached
$475,000
3
1.5
1452
88
13455 Auburn Ct
Attached
$549,900
3
2.5
1937
14
38 Briarwood Rd
Detached
$569,900
7
2.5+.5
2554
412
17251 Tree Top Ln
Detached
$589,000
4
2
2488
3
12396 Clara Ln
Detached
$600,000
3
2.5
2007
967
358 Lake Bay Ct
Detached
$654,000
3
2
1460
69
16850 Gassner Ln
Detached
$699,000
4
3
1773
4
2395 Palisades Crest Dr
Detached
$720,000
4
3
3397
36
630 9th St
Detached
$875,000
4
3
2683
14
2151 Crest Dr
Detached
$899,950
4
2.5
4690
139
362 9th St
Detached
$999,000
3
2.5
2018
165
489 8th St
Detached
$1,589,000
5
5.5
3700
119
705 Terrace Dr
Detached
$2,549,000
4
3.5
3623
114
Sold/Closed (Oct 21-27, 2019)
Address
Type
List Price
Sold Price
Sq Ft
CDOM
4000 Carman Dr D53
Condo
$219,000
$219,000
836
13
1796 Bonniebrae Dr
Townhouse
$415,000
$390,000
1,738
21
17609 Sydni Ct
Townhouse
$549,000
$545,000
2466
70
3781 Tempest Dr
Detached
$630,000
$550,000
3927
58
16972 Greentree Ave
Detached
$575,000
$575,000
2692
7
16 Da Vinci
Detached
$679,921
$608,000
2460
59
17613 Woodhurst Pl
Detached
$889,900
$810,000
4622
146
2399 Palisades Crest Dr
Detached
$1,100,000
$1,050,000
4452
146
4687 Firwood Rd
Detached
$1,198,000
$1,198,000
2803
172
3270 Fir Ridge Rd
Detached
$1,449,000
$1,400,000
3872
14
720 Southview Rd
Detached
$2,395,000
$2,050,000
3599
115
1010 Northshore Rd
Detached
$3,198,000
$2,680,000
4581
379
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 getting your house ready to sell, and, honestly, when maintaining your home, landscaping is just really important. Let’s start by focusing on maintenance.
Putting in a nice yard can be expensive, so you want to take care of it over time. This means watering as needed, trimming and pruning to keep it from getting over grown, and weeding to keep it from being pushed out by invasive species. This applies to homes, but it also applies to townhouses and condos. When you live within a Home Owner’s Association, the association needs to be doing the needed care and maintenance of the landscaping. If it is let go, it becomes a liability when it is time to sell the property.
Yes, this is important because it keeps the property from looking derelict, but it is also important for the purpose of keeping the structure healthy. When trees or shrubs grow up against the structure it becomes an avenue for water intrusion and pests. The rule of thumb is that plants and trees should be cut back to at least 6 inches from the building. Truly invasive species, like English ivy, can even tear a building apart. The roots of the ivy dig into the siding and mortar and literally tear it apart. So take care of your investment by taking appropriate care of the landscaping.
Construction of a cantilevered glass extension to a period property by Stephen Marshall ArchitectsI personally have a rather large yard of very well established landscaping. I do what I call “walk about” gardening. In early spring, when the yard is really starting to grow, I make a habit of walking around in it a couple of times a week. I take a bucket, a small trowel, and some good garden clippers, and I spend about 20 minutes pulling weeds and clipping at over growth. I do this until about the middle of June. It’s amazing. I get a lot accomplished without feeling like I’m spending too much time at it. This is because I don’t leave it to be done all at once. If I get a handle on it in the spring, the rest of the year is pretty easy. I simply don’t let the weeds get established. This combined with mowing and the occasional “project”, keeps my yard in pretty good shape.
When it comes time to sell your home, the well-cared for yard becomes an asset. Here are some specifics that I think sell your home: 1. Water the lawn. Keep it nice and green. You will have to mow more, but a brown lawn is simply unattractive.
2. Clip back bushes and trees so that the house can be seen. Make sure shrubs aren’t blocking the view of windows. Bushes should be kept below the bottom height of the windows.
3. Really focus on what’s around the front door. As Realtors are opening the lock box, potential buyers are standing on the porch looking around. They need to like what they see. This means that in addition to putting a new coat of paint on the door and cleaning the weather stripping, you should plant some flowers in a few pots and put out some annuals in the garden beds near the door.
My last advice for maximizing your yard when you are going to sell your home is don’t over landscape. I have many times had buyers decide against a house because they lack confidence about their ability to maintain the yard. They know that they don’t want to commit to something that looks like it will take too much of their time, or they have no idea how to do it. It screams “too much work”. So do have a beautiful yard, but don’t turn it into something over whelming.
I hope you have found this information helpful. As always, thanks for reading.
Dianne
This last week Linda wrote a great editorial about why the fall is a good time to buy or sell. The market activity for last week also really supports her observation. Folks are very active in the market right now as they try to buy a house and have time to move in before the holidays. Lake Oswego had 9 new listings and 18 pending sales. That twice the number of houses that are selling as compared to what’s coming on the market. We also had 4 new listings.
Following is the breakdown for you according to RMLS:
New on the Market (Oct 7-13, 2019)
Address
Type
Price
BR
Baths
Sq Ft
4 Touchstone #130
Condo
$213,900
2
2
984
56 Galen St
Condo
$239,950
2
2
989
45 Eagle Crest Dr #310
Condo
$279,950
3
2
1348
6 The Grotto
Detached
$425,000
3
2
1381
17518 Redfern Ave
Detached
$499,000
3
2
1831
4933 Mulholland Dr
Attached
$618,000
2
2.5
2403
2475 Marylview Ct
Detached
$849,000
4
2.5
3009
630 9th St
Detached
$900,000
4
3
2683
289 G Ave
Detached
$1,699,000
6
3.5
4193
Pending Sales (Oct 7-13, 2019)
Address
Type
Price
BR
Baths
Sq Ft
CDOM
25 Oswego Summit
Condo
$180,000
1
1
721
53
319 Cervantes
Condo
$229,900
3
2
1209
60
16065 Kimball St
Detached
$375,000
3
2
1511
1
16524 Roosevelt Ave
Detached
$399,990
3
1
1131
84
5071 West Sunset Dr
Townhhouse
$519,000
2
2.5
1734
148
5178 Lower Dr
Detached
$525,000
3
2
1800
36
13662 Blazer Trail
Detached
$532,000
3
2
1896
20
5944 Burma Rd
Detached
$549,000
3
2
1409
6
1550 Bedford Ct
Detached
$599,999
3
2.5
2359
404
13 Da Vinci St
Detached
$725,000
5
3.5
3815
16
2651 Wembley Park Rd
Detached
$725,000
5
3
2068
170
116 Northshore Rd
Detached
$729,000
4
2
2218
285
5206 Royal Oaks Dr
Detached
$735,000
5
3.5
2985
126
19333 Riverwood Ln
Detached
$869,500
4
3
3110
96
17896 Kelok Rd
Detached
$874,500
6
6
4093
44
15982 Parker Rd
Detached
$1,050,000
4
3.5
3135
88
1178 Andrews Rd
Detached
$1,498,000
4
2.5
3771
8
1010 Northshore Rd
Detached
$3,198,000
3
3.5
4581
379
Sold/Closed (Oct 7-13, 2019)
Address
Type
List Price
Sold Price
Sq Ft
CDOM
668 McVey Ave #10
Condo
$329,950
$300,000
992
174
4722 Amherst Ct
Attached
$549,000
$515,000
2,976
138
5 Scarborough Dr
Detached
$849,000
$792,500
3221
26
18970 Bryant Rd
Detached
$960,000
$960,000
3172
2
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.
Lake Oswego has 25 specific neighborhoods and today I am going to tell you about McVey-Southshore.
McVey-Southshore is not a very big area. It is bordered on the North by the Lake and Oswego Creek, on the East by Cornell Rd, on the South by Bergis Rd, and on the West by Oak Terrace and Park Academy. To my knowledge it is all single-family housing. I don’t believe that there are either apartments or condos.
It is super convenient to downtown Lake Oswego. You can easily walk to the Lake Theater and several very nice restaurants. It’s also walking distance to Wholefoods local market 365.
There are currently 18 active listings in the neighborhood. The least expensive is a single-level house with a 2 car garage. It was built in 1952 and has 3 bedrooms, 2 baths, and 1670 square feet for $549,900. The most expensive is a 1939 house that has been extensively updated. On the main lake, it has 7220 square feet with 5 bedrooms and 6.5 bathrooms. There’s an elevator, a swimming pool, a 3-car garage, and a full guest house with its own kitchen. the asking price is $4,895,000.
There is a small commercial district in the neighborhood with a Starbucks, a Thai Restaurant, and several boutiques.
While technically just outside of the boundaries, there is also a very nice park with a playground and room to roam, Freepons Park.
Lake Oswego has lots of options when you are shopping for a home. I think the word I would use to most describe McVey-Southshore is quiet. It’s a quiet area of nice homes and values that range from mid-range to super high-end.
Please let Linda or I know if you have any questions. As always, we are here to help.
Dianne
Real estate sales continue to hold strong. Last week new listings were just 12 while pending sales were 18 and closed sales were 20. This is simply a really good time to sell a house with properties selling at a rate that is greater than the number of new listings coming onto the market.
It’s also a really good time to buy a house. Interest rates are down and there is lots of excellent inventory.
Following is the breakdown for you according to RMLS:
New on the Market (Sept 23-29, 2019)
Address
Type
Price
BR
Baths
Sq Ft
82 Galen St
Condo
$175,000
1
1
690
3968 Carman Dr
Condo
$309,900
2
2.5
1107
4085 Jefferson Pkwy
Condo
$339,000
2
2.5
1302
12735 SW 22nd Ave
Detached
$478,990
3
2
1620
3351 Fri Ridge Rd
Detached
$515,000
3
2
1750
34 Morningview Circle
Detached
$679,000
4
2.5
2942
13 Da Vinci St
Detached
$725,000
5
3.5
3815
116 Northshore Rd
Detached
$729,000
4
2
2218
1110 Hallinan Circle
Detached
$749,900
4
3.5
3548
17618 Blue Heron Rd
Detached
$795,000
4
2
2402
135 Furnace St
Condo
$870,000
2
2.5
1927
2917 Westview Circle
Detached
$1,298,000
5
4.5
4316
Pending Sales (Sept 23-29, 2019)
Address
Type
Price
BR
Baths
Sq Ft
CDOM
4000 Carman Dr #33
Condo
$274,900
2
2
1103
2
336 Livingood Ln
Detached
$515,000
4
2.5
2392
194
12 Northview Ct
Attached
$525,000
3
3
3266
143
4722 Amherst Ct
Attached
$549,000
3
2.5
2976
138
13242 Vermeer Dr
Detached
$549,000
3
2.5
2100
7
4366 Sunset Dr
Detached
$559,000
3
2.5
1680
31
14363 Camden Ln
Detached
$579,000
4
2.5
2438
4
16 Abelard St
Detached
$625,000
5
3
3012
31
18212 Indian Creek Dr
Detached
$659,000
4
2.5
2283
3
319 3rd St
Attached
$679,000
3
3.5
1937
68
364 Northshore Rd
Detached
$769,000
3
2
2220
10
1255 Bayberry Rd
Detached
$789,000
3
2
1910
116
13711 Melrose Pl
Detached
$859,000
4
4
3742
108
828 8th St
Detached
$1,089,000
3
3.5
2839
801
4687 Firwood Rd
Detached
$1,198,000
3
2.5
2803
172
4155 Canal Rd
Detached
$1,250,000
4
3.5
3805
14
14089 Edenberry Dr
Detached
$1,499,000
5
2.5
3398
47
13132 Thoma Rd
Detached
$2,249,900
5
4.5
5362
144
Sold/Closed (Sept 23-29, 2019)
Address
Type
List Price
Sold Price
Sq Ft
CDOM
5787 Baleine St
Detached
$389,900
$385,000
960
22
23 Mountain Circle
Detached
$475,000
$436,000
1,363
141
44 Touchstone
Detached
$425,000
$439,500
2507
23
21 Mountain Circle
Attached
$469,000
$456,500
1820
18
9 Pericles
Detached
$449,000
$465,000
2197
1
4281 Chapman Way
Detached
$569,900
$525,000
2038
50
16860 Lakeridge Dr
Detached
$534,000
$529,000
1829
2
20 Northview Ct
Attached
$624,900
$575,000
2809
65
4938 Mulholland Dr
Attached
$629,900
$578,662
2558
86
13660 Shireva
Detached
$679,000
$619,080
2674
35
8 Yorick St
Detached
$745,000
$728,000
3488
25
5998 Frost Ln
Detached
$749,000
$730,000
2935
22
877 Cornell St
Detached
$715,000
$734,635
3041
3
141 Wilbur St
Detached
$769,000
$769,000
1980
0
5705 Southwood Dr
Detached
$879,000
$859,000
3360
7
15564 Village Dr
Detached
$1,098,000
$1,050,000
3260
4
18953 Pilkington Rd
Detached
$1,115,000
$1,147,900
3420
410
3540 Red Cedar Way
Detached
$1,295,000
$1,235,000
4023
72
3919 Southshore Blvd
Detached
$1,899,000
$1,425,000
3986
375
100 3rd St
Detached
$2,350,000
$2,350,000
3478
32
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.
There are currently 271 properties for sale in Lake Oswego. 217 of those are detached, single-family homes and 54 are condos or townhouses. I thought that this week I’d share the extremes in the market of most and least expensive.
The least expensive condo is a 1 bedroom, 1 bath unit that has 764 square feet. It was built in 1978 and has a carport. The asking price is $169,900 The most expensive condo is 2 bedrooms, 2.5 baths, located in First Addition. It was built in 2007, 1748 square feet, and has a 2-car garage. The asking price is $829,000.
The least expensive detached house is a single-level house that was built in 1953. It has 3 bedrooms, 1 bath, 1131 square feet and has a carport. The asking price is $399,900.
The most expensive house is located on one of the most beautiful lots on the main lake. It is just a stunning setting. It’s on my walking route that I have been walking for decades. The lot had an older home on it that I found gorgeous. When that house was torn down my heart sank. I asked around because I just couldn’t see why any one would have torn it down. What I learned was that the house was built up against some massive rocks and that the foundation leaked terribly. The engineering to preserve the house was beyond the cost of a new houses foundation, so it made financial sense to tear it down and start over. The house that is now on this lot was built in 1985. It has 5544 square feet with 4 bedrooms and 5.5 baths. Along with 250′ of main lake waterfront, the house has a swimming pool, hot tub, boat house and a guest house. It was originally listed in June for $8,500,000. The price has been dropped to $6,888,000.
I used to do this comparison kind of regularly as I liked to point out that Lake Oswego does have affordable housing. A condo for $169,900 and a house for $399,990 is right in there with other parts of the Portland metro area. I’ve always felt that buyers in this price range over look Lake Oswego because they just assume that there are only super expensive, luxury homes in LO. Yes, we do have lots of the luxury stuff, but we do have affordable as well. I like to get the word out.
In the last week or so fall has fully arrived. Temperatures have dropped, the wind is blowing, and my yard is getting the good watering it really needs. I’m tanking up on peaches and corn while they can still be found, and the real estate market is chugging right along.
Last week in Lake Oswego we had 16 properties come onto the market, 23 go into pending status, and 16 sold/closed sales.
Following is the breakdown for you according to RMLS:
New on the Market (Sept 9-15, 2019)
Address
Type
Price
BR
Baths
Sq Ft
3433 McNary Pkwy #301
Condo
$229,000
2
2.5
1208
48 Cervantes Circle 3C
Condo
$299,000
2
1.5
1368
16250 Pacific Hwy #76
Condo
$325,000
3
2
1745
1796 Bonniebrae Dr
Townhouse
$415,000
3
2.5
1738
668 McVey Ave #72
Condo
$499,500
4
1.5
1184
2001 Country Club Rd
Detached
$549,000
3
2
2022
4045 Bass Ln
Detached
$610,000
4
2.5
2158
364 Northshore Rd
Detached
$769,000
3
2
2220
17821 Hillside Way
Detached
$848,000
4
3.5
3480
1699 Village Park Ln
Detached
$1,129,000
3
2.5+.5
3342
19990 Indian Trail
Detached
$1,150,000
4
3
3557
13561 Streamside Dr
Detached
$1,179,000
4
4.5
4240
4155 Canal Rd
Detached
$1,125,000
4
3.5
3805
14530 Uplands Dr
Detached
$1,499,900
5
3.5
4080
718 3rd St
Detached
$1,850,000
4
2
2859
1890 Twin Points Rd
Detached
$2,680,000
4
3.5
4274
Pending Sales (Sept 9-15, 2019)
Address
Type
Price
BR
Baths
Sq Ft
CDOM
8 Crestfield Ct
Condo
$172,900
1
1
689
64
15938 Quarry Rd 2B
Condo
$215,000
2
1
988
10
48 Eagle Crest Dr 3D
Condo
$283,000
2
2
1436
7
206 Greenridge Dr
Attached
$462,500
3
2
1392
10
524 2nd St
Condo
$497,500
2
2.5
1547
81
18391 Wood Thrush St
Detached
$499,900
3
2
1450
40
5222 Carman Dr
Detached
$565,000
3
2
2543
249
16972 Greentree Ave
Detached
$575,000
4
3
2692
7
18833 Indian Creek Ave
Detached
$619,900
4
2.5
2301
15
16 Da Vinci
Detached
$629,921
4
2.5
2460
59
17705 Tree Top Ln
Detached
$679,000
5
3
3428
113
2133 Ridgewood Rd
Detached
$729,000
4
3
2059
127
16705 Glenwood Ct
Detached
$750,000
5
3
4243
149
17613 Woodhurst Pl
Detached
$850,000
5
4
4622
31
17896 Kelok Rd
Detached
$874,500
6
6
4093
15
18970 Bryant Rd
Detached
$960,000
3
3
3172
2
3826 Upper Dr
Detached
$1,099,900
4
2.5
3187
231
17979 Kelok Rd
Detached
$1,239,000
2
2.5
2487
56
17912 Kelok Rd
Detached
$1,250,000
5
3
3218
6
2050 Childs Rd
Detached
$1,295,000
4
4.5
4814
115
13258 Amber Pl
Detached
$1,399,900
3
4.5
3436
485
2123 Glenmorrie Ln
Detached
$1,598,000
4
3.5
4331
42
4398 Lakeview Blvd
Detached
$2,100,000
4
3.5
3260
115
Sold/Closed (Sept 9-15, 2019)
Address
Type
List Price
Sold Price
Sq Ft
CDOM
44 Eagle Crest Dr #23
Condo
$177,900
$175,000
798
38
45 Eagle Crest Dr #409
Condo
$200,000
$205,000
1,214
2
16250 Pacific Hwy #82
Condo
$234,900
$229,900
841
32
3846 Boticelli St
Condo
$295,000
$275,000
1132
125
5 Bloch Terr
Townhouse
$364,900
$355,000
1972
54
5751 Washington Ct
Detached
$459,000
$439,500
2120
48
6472 Dawn St
Detached
$489,900
$485,000
1032
1
15275 Boones Way
Attached
$529,000
$520,000
1320
17
1 Cellini Ct
Detached
$550,000
$575,000
2200
3
14674 Rainbow Dr
Detached
$669,000
$625,000
3190
113
13202 Rogers Rd
Detached
$774,500
$760,000
3117
62
4353 Snowbrush Ct
Detached
$819,000
$819,000
3808
45
928 Lake Front Rd
Detached
$895,000
$887,500
2468
6
15167 Brook Ct
Detached
$935,000
$895,000
3880
66
17990 Ridge Lake Dr
Detached
$1,349,000
$1,260,000
3745
96
17410 Viewpoint Ln
Detached
$1,299,000
$1,310,000
4810
9
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.
Today I want to talk about convenience. More specifically, the convenience of where Lake Oswego is located.
We are about 10 miles South of downtown Portland, on the West side of the Willamette River. Interstate 5 is along our West boundary. Hwy 217 ends where LO begins. Interstate 205 is about a mile South of our South boundary. What does this mean? Well, it means you can get anywhere in the Portland metro area pretty darn easily. I-5 is the main artery of the entire West coast of the United States. Besides getting you into downtown Portland fairly quickly, it also takes you to Seattle, San Francisco and Los Angeles. 217 takes you to the largest employers in the state. You know, Nike, Intel, those guys. And 205 takes you to the East side of the metro area, including the airport. It’s kinda ideal.
Then there is she convenience of shopping. I’ve made this point before, so I’ll keep it brief. You need to buy something? It’s just minutes away. I’m talking more grocery stores than are really needed (is that possible?), Trader Joe’s, Costco, Home Depot, Bridgeport Village and Washington Square, it’s all super easy and quick to get to.
But what I really want to talk about are the parks. I’m a walker. I love to walk in nature parks. I first started doing this because I was putting in a lot of miles to train for a goal I had set for myself. I was looking for dirt paths that would be easy on my joints. Two parks I am completely in love with are Tryon Creek State Park and the Tualatin River National Wildlife Refuge. Tryon Creek has 8 miles of hiking trails, 3.5 miles of horse trails, 3 miles of biking trails, and a handicapped accessible trail. It meanders around a small stream that is in a revine, so the trails are very up and down (a great workout!) and through a lush forest. The Tualatin River National Wildlife Refuge is through a wetlands that is set aside for the migration of birds. The walk is flat but so majestic. What I love about this place, besides viewing the wildlife (which I see every time I go), is that it is set aside for the exclusive use of people on foot, walking. There are no bikes, no dogs, not even joggers. It’s extremely quiet and serene. Such a refuge to the soul in a world that is so busy and loud. I like to go early in the morning because the birds are just getting going. By mid afternoon they tend to be less evident. Heron, geese, ducks, red-wing blackbirds, nutria, on one occasion, an otter. It’s super enjoyable to see what can be seen, and it’s just a few miles from LO.
Real estate in Lake Oswego picked up a little last week. Not back to the numbers we saw in May and June, but a bit of an uptake from the last couple of weeks of August. This is probably because school has started and people are back into their routines. We had 20 new listings, 26 pending sales (that’s the uptick), and 18 closed/sold properties.
Following is the breakdown for you according to RMLS:
New on the Market (Aug 26-Sept 1, 2019)
Address
Type
Price
BR
Baths
Sq Ft
4 Touchstone #69
Condo
Auction
3
3
1351
15938 Quarry Dr
Condo
$309,000
2
1
988
3924 Carman Dr
Townhouse
$309,000
2
2.5
1140
3992 Carman Dr
Condo
$325,000
2
2.5
1107
4425 Thunder Vista Ln
Condo
$325,000
2
2.5
1980
5054 Foothills Dr H
Attached
$327,000
3
2
1252
102 Greenridge Ct
Attached
$455,000
3
2.5
2004
206 Greenridge Dr
Detached
$462,500
3
2
1392
16193 Inverurie Rd
Detached
$498,000
3
2
1248
1280 Oak Terrace
Detached
$549,900
3
2
1670
4366 Sunset Dr
Detached
$559,000
3
2.5
2440
4981 Hampton Ct
Detached
$619,000
4
2.5
2440
17896 Kelok Rd
Detached
$874,500
6
6
4093
5705 Southwood Dr
Detached
$879,000
4
2.5
3360
1405 Country Commons Ln
Detached
$1,200,000
4
3
4083
18026 Skyland Circle
Detached
$1,399,000
5
3.5
4134
667 Lake Bay Ct
Detached
$1,784,900
4
3.5
3616
17852 Upper Cherry Ln
Detached
$1,795,000
3
3
5299
1251 Forest Meadows Way
Detached
$2,125,000
4
3.5
5000
3015 Wembley Park Rd
Detached
$2,469,900
4
4.5
5211
Pending Sales (Aug 26-Sept 1, 2019)
Address
Type
Price
BR
Baths
Sq Ft
CDOM
5225 Jean Rd #403
Condo
$279,000
2
2
1200
10
668 McVey Ave #55
Condo
$294,900
1
1
636
196
4204 Woodside Circle
Townhouse
$329,900
2
2
1308
115
16317 Bonaire Ave
Detached
$349,000
3
1.5
1219
5
5787 Baliene St
Detached
$389,900
3
1
960
22
23 Mountain Circle
Detached
$445,000
2
2
1363
141
9 Pericles
Detached
$449,000
3
2.5
2197
1
17273 Bryant Rd
Detached
$475,000
3
1.5
1452
37
16722 Lake Forest Blvd
Detached
$484,900
4
2
1968
85
4281 Chapman Way
Detached
$539,900
4
3
2038
50
1551 Woodland Terr
Detached
$549,900
4
2
2712
1479
2415 Glen Haven Rd
Detached
$560,000
5
3
2614
47
3781 Tempest Dr
Detached
$599,000
3
2.5
3927
59
8 Walking Woods Dr
Detached
$599,900
4
3
3105
216
14677 Doris Ave
Detached
$599,900
5
3
2848
30
22 Juarez St
Detached
$599,900
4
2.5
3096
88
18225 SW 65th Ave
Detached
$625,000
5
2.5
2210
39
5587 Bay Creek Dr
Detached
$639,000
4
2.5
2507
11
13660 Shireva Dr
Detached
$649,000
4
3
2674
35
30 Westridge Dr
Detached
$659,900
4
3
3290
27
75 Nansen Summit
Detached
$675,000
4
3.5
3214
47
877 Cornell St
Detached
$715,000
3
3
3041
3
1125 Northshore Rd
Detached
$1,150,000
3
2
1589
49
3540 Red Cedar Way
Detached
$1,295,000
4
3.5
4023
72
748 6th St
Detached
$1,425,000
4
4.5
2865
151
1715 Edgecliff Terr
Detached
$1,675,000
4
4.5
4927
372
Sold/Closed (Aug 26- Sept 1, 2019)
Address
Type
List Price
Sold Price
Sq Ft
CDOM
200 Burnham Rd #403
Condo
$250,000
$250,000
1199
11
3828 Botticelli
Condo
$279,000
$282,500
1,273
21
17903 Belmore Ave
Detached
$469,900
$330,000
2016
78
12882 Boones Ferry Rd
Condo
$379,900
$367,000
1182
98
18365 SW 65th Ave
Detached
$389,000
$389,000
1032
9
19060 Indian Creek Ave
Detached
$524,000
$461,500
1566
120
17683 Schalit Way
Detached
$500,000
$515,000
1463
19
69 Condolea Terr
Condo
$569,900
$550,000
2157
13
17435 Bonniebrae Dr
Detached
$739,000
$689,000
3200
106
5536 Kilchurn Ave
Detached
$749,900
$722,500
2550
11
5327 Carman Grove Ln
Detached
$949,500
$918,000
3125
99
5680 Childs Rd
Detached
$1,099,000
$965,000
3430
68
5702 Meadowcreek Ct
Detached
$1,149,000
$1,089,000
3205
81
3197 Alber Spring Ct
Detached
$1,489,000
$1,335,000
4852
146
125 Middlecrest Rd
Detached
$1,429,000
$1,375,000
3242
8
611 Ridgeway Rd
Detached
$1,650,000
$1,550,000
4463
128
17613 Kelok Rd
Detached
$2,098,000
$1,971,500
4750
34
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.
