Author: Dianne Gregoire

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Market Activity Nov 18-24, 2019

Yes, there is a very small chance of snow flurries this week. Nothing like what is happening in the midwest, but still a clear sign that winter is around the corner. Meanwhile, real estate chugs right along. The numbers remain interesting. Last week in Lake Oswego there were 3 new listings, 17 properties that went pending, and 25 closed sales. Folks who want to buy at this time of year are highly aware of the holidays. It’s a natural time to make a move as most employers give time off during the holidays, which makes organizing the move easier. So lots of houses continue to sell with the target of moving by the holiday.

Following is the breakdown for you according to RMLS:

New on the Market (Nov 18-24, 2019)

Address Type Price BR Baths Sq Ft
1293 Hide A Way Ln Detached $585,000 3 2.5 1720
2425 Prestwick Rd Detached $719,000 3 2 1464
6351 Burma Rd Detached $899,500 4 4 3500

Pending Sales (Nov 18-24, 2019)

Address Type Price BR Baths Sq Ft CDOM
8 Crestfield Ct Condo $162,900 1 1 689 132
218 Cervantes #219 Condo $229,000 2 2 1100 135
3433 McNary Pkwy #107 Condo $235,000 2 2 1008 6
4057 Jefferson Pdwy Attached $295,000 3 2.5 1247 24
5060 Foothills Dr B Condo $350,000 2 2 1252 30
668 McVey Ave #36 Condo $410,000 2 1 852 31
6315 Dawn St Detached $469,500 3 2 1934 127
15371 Twin Fir Rd Detached $485,000 4 2 2876 3
1611 Lee St Detached $589,900 3 2.5 2539 2
41 Tanglewood Dr Detached $632,500 4 3 3001 141
18263 Anduin Terr Detached $690,000 4 3 3103 133
615 Lake Bay Ct Detached $900,000 3 3 2555 129
17808 Hillside Way Detached $995,900 4 3.5 3166 118
13581 Rogers Rd Detached $999,500 4 2.5 2971 287
15136 Glen Eagles Ct Detached $1,100,000 4 2.5 3150 3
4277 Upper Dr Detached $1,625,000 5 3.5 3851 141
6720 Childs Rd Detached $1,850,000 4 4.5 6898 153

Sold/Closed (Nov 18-24, 2019)

Address Type List Price Sold Price Sq Ft CDOM
319 Cervantes Condo $239,900 $225,000 1209 60
56 Galen St Condo $239,950 $235,500 989 14
3968 Carman Dr Condo $309,900 $290,000 1107 35
48 Oriole Ln Townhouse $509,000 $455,000 2072 147
17273 Bryant Rd Detached $492,000 $465,000 1452 88
17518 Redfern Ave Detached $499,000 $535,500 1831 7
17144 Rebecca Ln Detached $539,900 $545,900 2018 3
13455 Auburn Ct Attached $549,900 $549,900 1937 14
14201 Dolph Ct Detached $699,000 $577,000 1916 91
17521 Tree top Ln Detached $589,000 $589,000 2488 3
975 Southshore Blvd Detached $639,900 $629,900 2191 44
18381 Heather Ann Ct Detached $709,900 $650,000 2983 315
71 Nansen Summit Detached $749,000 $680,000 3523 63
16805 Gassner Ln Detached $699,000 $755,000 1773 4
14100 Edenberry Dr Detached $775,000 $775,000 2881 2
654 1st St Condo $824,900 $790,000 2140 167
630 9th St Detached $900,000 $859,000 2683 14
15870 Twin Fir Rd Detached $900,000 $875,000 2856 71
13978 Westcott Ct Detached $945,000 $885,000 3267 56
5685 Charles Circle Detached $929,900 $895,000 2542 35
18049 Skyland Circle Detached $1,080,000 $1,050,000 3717 188
17912 Kelok Rd Detached $1,225,000 $1,225,000 3218 6
4011 Westbay Rd Detached $1,895,000 $1,635,000 4518 196
1120 Crestline Ct Detached $2,800,000 $2,500,000 6440 233
1142 Crestline Ct Detached $3,850,000 $3,300,000 6440 233

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.

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Featured Property: 26 Acre Estate

One of the things that Linda and I like to do is introduce you to really interesting houses for sale here in Lake Oswego. One of special significance came onto the market this week, a 26 acre estate.
It’s just so rare to find a large piece of property like this anywhere in the Portland metro area, but especially here in Lake Oswego. Land is just so valuable that most of it has been divided up and turned into neighborhoods. Sure, you can find houses on acreage if you go South down to Stafford, but to find something that is literally walking distance to a coffee shop, that is special.
What it takes for something like this to occur are home owners who want the lifestyle of living on what is basically a small farm. This land has a barn, stables, an orchard, a pond, an arena and a caretaker’s cottage.
The house itself is also very special. Designed by Roscoe Hemmenway and built in 1951, it has 5114 square feet, 6 bedrooms, and 4.5 bathrooms. The list price is $7,999,000.
Hemmenway was a very well-known Oregon architect. He was a class mate of Richard Sundeleaf and graduated from the U of O school of Architecture in 1922. He had a highly respected career and designed over 300 homes. The largest concentration of Hemmenway houses are in Dunthorpe. He is best known for the Colonial Revival style and took great pride is maintaining the historic details of the design.
Yes, Lake Oswego has lots of multi-million dollar homes, so the price is not what is significant. What is significant is that now is one of the few opportunities that a property of this nature is available.
My thanks to the listing agent, Diana Harrell with Premiere Property Group, LLC. (503-890-2738, dianah@premierepropertygroup.com) for allowing me to feature her listing.
If you would like more information, please give Linda or me a call. We’d love to be of help.
Dianne

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Market Activity Nov 4-10, 2019

We are now officially entering into “The Holidays”, that mythical time of year when folks are very busy gearing up for Thanksgiving and Christmas, and Hanukkah. Yes, the market does slow down. But, and it’s a big but, it still cranks right along. Buyers who are shopping at this time of year are MOTIVATED. It’s a great time to put your house on the market and it’s also a great time of year to buy a house.

Last week in Lake Oswego there were 5 new listings, 7 properties that went pending, and 18 closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (Nov 4-10, 2019)

Address Type Price BR Baths Sq Ft
16946 Lower Meadows Dr Detached $525,000 3 2.5 1792
3615 Upper Dr Detached $600,000 3 2 1529
4511 Oakridge Rd Attached $639,900 3 2.5 2129
936 Evergreen Rd Detached $2,195,000 4 3.5 3772
16931 Maple Circle Detached $3,995,000 4 4.5+.5 5725

Pending Sales (Nov 4-10, 2019)

Address Type Price BR Baths Sq Ft CDOM
202 Cervantes Condo $190,000 2 2 890 170
7155 Childs Rd Condo $213,000 2 1 893 114
200 Burnham Rd #400 Condo $234,900 1 1 948 5
19319 Dogwood Ct Detached $775,000 4 2.5 3119 90
4031 Orchard Dr Detached $795,000 4 2.5 3271 89
4006 Canal Woods Ct Detached $799,000 4 3.5 3514 35
13596 Goodall Rd Detached $1,579,000 4 4.5 3552 205

Sold/Closed (Nov 4-10, 2019)

Address Type List Price Sold Price Sq Ft CDOM
16317 Bonaire Ave Detached $349,000 $320,000 1219 5
668 McVey Ave #50 Condo $380,000 $380,000 636 231
16065 Kimball St Detached $375,000 $403,500 1511 1
336 Livingood Ln Detached $575,000 $505,000 2392 194
5178 Lower Dr Detached $565,000 $509,000 1800 36
12 Northview Ct Attached $525,000 $520,000 3266 143
13662 Blazer Trail Detached $532,000 $522,000 1896 26
358 Lake Bay Ct Detached $735,000 $595,000 1460 69
18212 Indian Creek Dr Detached $659,000 $664,000 2283 3
116 Northshore Rd Detached $729,000 $695,000 2218 285
14066 Edenberry Dr Detached $1,050,000 $860,000 3835 109
15982 Parker Rd Detached $1,100,000 $1,013,801 3135 88
1699 Village Park Ln Detached $1,129,000 $1,088,000 3342 21
4155 Canal Rd Detached $1,250,000 $1,175,000 3805 14
14089 Edenberry Dr Detached $1,700,000 $1,300,000 3398 62
1178 Andrews Rd Detached $1,498,000 $1,498,000 3771 8
13322 Briarwood Ln Detached $1,650,000 $1,600,000 3921 55
13132 Thoma Rd Detached $2,469,900 $2,180,000 5362 144

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.

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Take the Pressure Off

Closeup of hands on clock face
Buying 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

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Market Activity Oct 21-27, 2019

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.

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Let’s Talk Landscaping

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 Architects
I 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

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Market Activity Oct 7-13, 2019

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.

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Featured Neighborhood: McVey-Southshore

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

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Market Activity Sept 23-29, 2019

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.

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Most and Least Expensive

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.

As always, thanks for reading,
Dianne