From our homes to yours, Linda and I would like to wish you and yours a very Happy Thanksgiving!
-Dianne
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.
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
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.
Take the Pressure Off
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
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.
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.
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
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.
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
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.