Author: Dianne Gregoire

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Get Competitive and Get It Sold

5700 Ridgetop, sale pending
There has been a shift in the real estate market over the last 6 months. The shift has been away from a sellers market where buyers were aggressively making full-price or better offers, writing emotional letters to convince sellers to pick them as the buyer, and doing whatever it takes to get into escrow on a house that they wanted. Today it is much different. The market has slowed down. Today houses are staying on the market longer and buyers are in a position to negotiate with sellers for prices and terms that are more to their liking.

I don’t want to imply that the market is diving. It is not. What it is, I would characterize, as being more balanced. Yes, prices have leveled off. Average market time is a bit longer, but a well-priced and properly staged home will still sell in days and at asking price or better.

$674,000, sold in 8 days
When there is a shift in the market it isn’t obvious until a couple of months into the change. This means that last spring, say in about April, Realtors were not yet aware of the change. At that point we were still thinking it was a seller’s market. It is highly normal for a person selling their home to want to get every dollar possible out of the sale. In a seller’s market this allows sellers to learn of the current value and then wishfully add on an extra $10,000 or so. It worked when the market was in their favor, but it doesn’t work when the shift is happening to favor buyers. This means that many homes listed last spring were over-priced and have languished on the market. If you are following the market with an app such as zillow or redfin, you are getting lots of push alerts about price reductions. Those are the houses that were priced too high and not reflective of what is actually happening.

So what if you want to sell your house in this climate? You’ve got to get competitive and you will win. What do you need to do to get competitive? You need to do the work of getting your house ready and then pricing it for what it is actually worth and not for what you wish you could get out of it.

Properly prepared, properly priced
Getting your house ready means cleaning and repairing it is much as possible. This past week I wrote an offer for a client on a house with broken and missing bedroom doors, as well as a back yard that a large dog has torn up and gotten the siding on the back of the house extremely muddy. It would take a weekend for the home owners to pressure wash the back of the house, put out some pots with flowers in them, and replace about 6 doors. I don’t know the exact cost but I’d put it at under $1000. The reward would be a much more desirable property and, I believe, would get them about $10,000 more in the selling of their home. This offer did not come together. The home owners simply are not being reasonable about the condition of their home as it relates to the list price.

That is a nice segway into proper pricing. Your home needs to be priced to reflect the recent sale of similar homes in your neighborhood. It is worth what the market is demonstrating that it is worth.

This is not rocket science. Properly prepare your home and then properly price it. You’ll realize a good sale, at the best value of the current market, and you won’t be sitting on it hoping for a buyer to come along 4 or 5 months from now.

Please let Linda or I know if you have any questions. In addition, don’t hesitate to reach out to either one of us if you are wondering what your home is currently worth. We are happy to help!
Dianne

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Market Activity Sept 10-16, 2018

I think we are at an interesting juncture in the real estate market. We have all heard of a “buyer’s” market, where buyers are in control, and a “seller’s” market, where sellers get what they want. I think right now our market is very balanced. I look at the closed and pending sales from last week, combined they equal 41 properties, and 13 of them, about 25%, sold in less than 2 weeks. 11 took more than 3 months to sell. Bottom line is price your property right and you will sell quickly and likely have a very smooth transaction. Over pricing leads to extended market time. That is just how it works.

Last week in Lake Oswego we had 17 new listings, 21 properties go into pending status, and 20 closed/sold homes.

Following is the breakdown for you according to RMLS:

New on the Market (Sept 10-16, 2018)

Address Type Price BR Baths Sq Ft
100 Kerr Parkway #19 Condo $169,900 1 1 617
6925 Montauk Circle Condo $215,000 2 1 927
4 Touchstone #155 Condo $219,900 3 2.5 1351
5225 Jean Rd Condo $264,900 2 2 1098
4043 Jefferson Parkway Condo $289,900 2 2.5 1182
110 Kingsgate Rd Detached $494,900 3 2.5 1669
14311 Sherbrook Pl Detached $498,000 3 2 1702
63 Greenridge Ct Attached $549,000 3 2 1789
17 Laurel St Detached $575,000 3 1.5 3096
6474 Frost St Detached $649,900 4 2.5 2216
6123 Frost Ln Detached $650,000 4 2.5 2338
1010 Upper Devon Ln Detached $699,000 4 2.5 3066
6044 Clairmont Ct Detached $989,900 4 2.5 3430
1813 Palisades Lake Ct Detached $1,015,000 5 3.5 4119
19114 35th Pl Detached $1,200,000 4 4.5 5447
19025 Hilltop Detached $1,975,000 5 4 5015
4101 Southshore Blvd Detached $3,995,000 3 3.5 3707

Pending Sales (Sept 10-16, 2018)

Address Type Price BR Baths Sq Ft CDOM
39 Oswego Summit Condo $220,000 2 2 1212 88
4652 Lower Dr Condo $220,000 2 1.5 1170 64
1033 Hallinan St Detached $414,900 3 1 936 16
4301 Collins Way Detached $519,000 3 2 1617 21
17310 Canyon Dr Detached $550,000 5 3 2716 106
775 Boca Ratan Dr Detached $550,000 4 3.5 2710 113
553 6th St Detached $579,000 1 1 1876 38
36 Westridge Dr Detached $584,999 4 3 2803 59
145 Del Prado St Detached $600,000 3 2 2137 25
17036 Crestview Dr Detached $620,000 4 3 2768 91
13055 Princeton Ct Detached $625,000 4 2.5 3142 42
4515 Oakridge Rd Attached $630,000 3 2.5 1981 124
5700 Ridgetop Ct Detached $674,000 4 2.5 2737 8
17436 Wren Ct Detached $715,000 3 3 2311 32
2013 Ridgewood Rd Detached $734,300 4 2.5 3181 79
350 6th ST Detached $749,000 3 3 2329 70
4896 Hastings Dr Detached $799,900 4 2.5 2785 2
452 7th St Detached $1,050,000 4 2.5 2600 61
2277 Summit Dr Detached $1,150,000 4 3.5 4659 66
3817 Upper Dr Detached $1,629,000 4 3.5 4246 3
2090 Crest Dr Detached $1,695,000 3 2.5 3258 59

Sold/Closed (Sept 10-16, 2018)

Address Type List Price Sold Price Sq Ft CDOM
92 Oswego Summit Condo $175,000 $175,000 764 2
109 Oswego Summit Condo $234,900 $237,900 1212 4
236 Ridgeway Rd 16A Condo $250,000 $250,000 914 10
5225 Jean Rd #501 Condo $349,900 $349,900 1500 6
9 Oriole Ln Detached $429,000 $411,000 1928 159
16060 Bonaire Ave Detached $389,000 $450,000 960 3
1660 Woodland Terrace Detached $509,000 $497,090 2728 188
17141 Hofer Ct Detached $515,000 $530,750 2076 5
1459 Greentree Circle Detached $595,000 550000% 1716 29
2401 Hillside Dr Detached $649,900 $649,900 3342 15
1435 Greentree Circle Detached $650,000 $650,000 2269 2
55 Northshore Rd #1 Condo $759,000 $765,000 2750 54
17682 Stafford Rd Detached $975,000 $975,000 3313 74
1828 Egan Way Detached $1,195,000 $1,050,000 3779 340
1563 Bay View Ln Detached $1,740,000 $1,057,000 5615 396
790 Terrace Dr Detached $1,195,000 $1,112,500 3734 125
17210 Cedar Rd Detached $2,095,000 $1,875,000 2813 40
260 Iron Mountain Blvd Detached $2,798,000 $2,400,000 6048 802
13188 Twin Creek Ct Detached $859,000 $850,000 3480 20
418 Northshore Rd Detached $1,098,000 $935,000 2838 190

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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Get your new Passport right here in LO

Did you know that you can get a passport here in LO at City Hall? Talk about convenient! The city has put out this announcement:

Planning a vacation abroad? The City, a designated official Passport Acceptance Facility, has expanded its passport hours – making it easier to get a passport! Passport services are now available Monday, Tuesday, Thursday and Friday from 8 a.m. to 3:30 p.m. (closed Wednesdays), at City Hall, 380 A Avenue – 1st floor. Forms and other important information can be found online at www.lakeoswego.city/finance/passport-service-city-hall.

It can take up to six weeks to process a passport application, so it is important to start the process early.

Contact the Finance Department at 503-635-0260, for more information.

One more great thing about this town!

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Market Activity Aug 27-Sept 2, 2018

I think I detected the nip of fall in the air this morning. This is such a beautiful time of year in Oregon. September is hard to beat! The market was slightly slower last week but still lots going on. There were 14 new listings, 16 houses that went into pending status, and 10 sold/closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (Aug 27-Sept 2, 2018)

Address Type Price BR Baths Sq Ft
4041 Jefferson Pkwy Condo $279,900 1 1.5 1060
5225 Jean Rd #513 Condo $315,000 3 2 1400
1418 Boca Ratan Dr Townhouse $375,000 4 2 1611
3942 Carman Dr #3942 Condo $399,000 3 2.5 1354
1033 Hallinan St Detached $419,900 3 1 936
18421 Indian Creek Dr Detached $515,000 3 2 1836
1565 Meadows Dr Detached $540,000 3 2.5 2508
18 Grouse Terr Detached $565,000 4 2.5 2631
6122 Carman Dr Detached $575,000 4 2 1508
1550 Bedford Ct Detached $649,000 2 2.5 2359
4188 Cobb Way Detached $649,900 6 3 2586
2981 Vale Ct Detached $748,900 4 2.5 3516
5959 Suncreek Dr Detached $819,900 4 2.5 3315
19666 Canal Rd Detached $1,195,000 6 3.5 3900

Pending Sales (Aug 27-Sept 2, 2018)

Address Type Price BR Baths Sq Ft CDOM
17566 Blue Heron Ct Detached Auction 4 3 3412 21
100 Kerr Pkwy #44 Condo $190,000 2 1.5 823 9
16250 Pacific Hwy #47 Condo $225,000 2 1 1305 9
9 Oriole Ln Detached $411,000 3 3 1928 159
4366 Woodside Circle Attached $437,500 3 2.5 1963 47
18807 Kristi Way Detached $499,000 3 2 1256 6
17141 Hofer Ct Detached $515,000 2 2.5 2076 5
540 6th St Detached $575,000 3 1 748 0
13220 Thoma Rd Detached $599,000 3 2 2208 3
6150 Kenny St Detached $625,000 3 2.5 2070 8
3413 Royce Way Detached $628,000 3 2.5 2753 236
17790 Overlook Circle Detached $629,900 3 3 3480 97
14495 Pfeifer Dr Detached $739,500 4 2.5 3732 7
630 9th St Detached $799,000 4 3 2576 99
13391 Steamside Ct Detached $985,000 4 3.5 3601 18
2896 Lakeview Blvd Detached $2,890,000 5 4.5 4244 74

Sold/Closed (Aug 27-Sept 2, 2018)

Address Type List Price Sold Price Sq Ft CDOM
520 State St 5B Condo $243,000 $235,000 914 106
18609 Kristi Way Detached $439,999 $435,000 1154 15
1714 Greentree Rd Detached $575,000 $539,000 3110 167
1699 Parrish St Detached $550,000 $550,000 1820 4
3615 Upper Dr Detached $585,000 $595,000 1529 3
605 Country Club Rd Detached $689,000 $635,000 3422 60
4693 Lakeview Blvd Detached $624,990 $678,500 2021 2
6072 Clairmont Ct Detached $725,000 $695,000 2653 45
13348 Leslie Ct Detached $1,200,000 $1,150,000 3863 40
140 Berwick Rd Detached $1,295,000 $1,269,500 3114 43

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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Home Warranties

It is extremely common for home warranties to become part of a purchase agreement in the sale of a house. There is a section of the OREF (Oregon Real Estate Forms) that asks if a warranty will be included in the sale, at what price, and who will pay for it. I like to council my clients that the time to think about a warranty is before you are signing paperwork. Do a little leg work now so that you can know if you want a warranty and which warranty your prefer.

There are numerous companies that offer warranties. By far the big dog in the field is American Home Shield. I don’t know whether they are the oldest company, but they are certainly the largest. Having said that, their warranty may not be your top choice. You won’t know without doing some research.

Different companies offer different coverage. I’m going to start by saying that warranties generally cover the “mechanical” aspects of a house. Think things that involve a power source. This would be things like the hot water heater and the dishwasher. They generally don’t cover “structural” aspects of a house. This would be things like the roof and the foundation.

The coverage is paid for at closing, in a lump sum. It lasts for 365 days from the date of closing. When you go to use the warranty you call an 800 number to place a work order. The warranty company then sends out a local contractor that they have in their network (you don’t get to choose the contractor). To get them to show up at your door you pay a service call fee (usually about $60-$80). That’s it. They do the repair and your cost is mostly limited to the cost of the service call fee.

I have heard that warranties are used on average a little over two times per warranty. If you have one, you are very, very likely to use it.

I think all companies have a basic package that you can then add options to. Most start at a price around $350, although there is a good warranty out there for $295 that I recently saw. I think the big differences in the pricing has to do with how appliances are covered and limitations to coverage. For instance, many don’t cover the washer, dryer, and refrigerator. Those have to be added on as options. Some will cover the furnace but only up to $1500. This is why you want to do your research now.

Now is the part where I get to tell you my story. I bought my home and the seller bought me a home warranty. It was from a National company that was well known. I had two occasions to use it and my conclusion from my experience was that the warranty company was very motivated to fix problems, but not to buy me new stuff. I bought an older home with older elements. I knew from my home inspection that the dishwasher was pretty much shot. The seals around the door were all cracked from wear and age. The darn thing couldn’t be run without water leaking all over the floor. I called the warranty company and they sent out a contractor who did a proposal to spend about $300 on installing new seals. This was on an ancient dishwasher that hadn’t run a full cycle in quite some time. I suggested it was a waste of money to put a band aid on that old thing. That lead to a proposal from the warranty company that I could apply the $300 towards a new dishwasher, which I did. I paid the difference and I got a new dishwasher. I was happy with this solution. My second use of the warranty was for my furnace, which was also extremely old. It quit working, I called the warranty company, the furnace was repaired. It took perhaps 5-6 weeks for it to quit working again. I called the warranty company, it was repaired, winter came to an end and my warranty expired. The next winter the furnace went out again. This time I called an HVAC company of my choice and when they came out they red tagged the furnace and told me it wasn’t safe to operate. I bought a new furnace. In hindsight, I should have called the warranty company for that second repair, but I should have also paid my own HVAC company for their opinion. I think if I had done that I would have been able to use my warranty towards my new furnace. Live and learn, right?

I do think warranties are an excellent option when you buy a house. The purchase of a house is expensive and a warranty will give you some peace of mind that you’ll be financially able to manage the house a little more easily during that first year of ownership.

At the end of the first year you will be given the option to renew the warranty. I have had clients who do this every year for years and years. They love their warranties!

Here is a link to ConsumersAdvocate.org and their list of the 10 best warranties for 2018. Within their website they have links to the various warranties along with phone numbers to call and ask questions. Do your research now. Get the best warranty for your circumstance. To go to ConsumersAdvocate.org click here.

As always, thanks for reading!
Dianne

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Market Activity Aug 13-19, 2018

We are having a very consistent late summer market. Numbers this week are very similar to those of two weeks ago, the last time I did this report. Last week in Lake Oswego we had 17 new listings, 24 houses go into pending status, and 21 closed/sold properties.

Following is the breakdown for you according to RMLS:

New on the Market (Aug 13-19, 2018)

Address Type Price BR Baths Sq Ft
100 Kerr Pkwy #47 Condo $170,000 1 1 617
668 McVey Ave #10 Condo $375,000 3 1.5 992
4514 Lower Dr B3 Condo $424,900 2 2.5 1644
4674 Rembrandt Ln Detached $429,000 3 2.5 1561
5228 Bonita Rd Detached $485,000 3 2 1310
17721 Arbor Ln Detached $524,700 3 2 1479
1280 Hallinan St Detached $549,000 3 2 1500
17381 Banyon Ln Detached $579,900 4 3 1936
10 Partridge Ln Detached $599,000 4 3 3528
145 Del Prado St Detached $624,989 3 2 2137
979 Devon Ln Detached $630,000 3 2.5 2162
91 Tanglewood Dr Detached $637,500 3 2.5+.5 3156
162 Berwick Rd Detached $850,000 2 2 2025
13391 Streamside Ct Detached $985,000 4 3.5 3601
3115 Douglas Circle Detached $1,650,000 5 4.5+.5 4592
1715 Edgecliff Terrace Detached $2,150,000 4 4.5+.5
13430 Fielding Rd Detached $2,795,000 4 3.5 4376

Pending Sales (Aug 13-19, 2018)

Address Type Price BR Baths Sq Ft CDOM
482 S State S Condo $281,900 3 1 1659 397
104 Greenridge Ct Attached $385,000 3 2 1728 3
668 McVey Ave #58 Condo $415,000 3 1.5 992 92
240 Greenridge Dr Attached $425,000 3 2 1514 4
72 Weatherstone Condo $439,900 3 3.5 2465 5
668 McVey Ave #31 Condo $499,900 3 1.5 992 3
17797 Overlook Circle Detached $534,900 4 2.5 2908 52
1459 Greentree Circle Detached $580,000 3 2 1716 29
2340 Oakhurst Ln Detached $625,000 3 2.5 2860 15
2941 Orchard Hill Pl Detached $649,000 5 3.5 3446 97
16942 Canal Circle Detached $675,000 3 2 1551 6
18000 Westminster Dr Detached $680,000 4 2.5 2679 101
2719 Greentree Rd Detached $689,000 5 3.5 3886 3
5555 Fieldstone Ct Detached $699,900 4 2.5 2712 36
13000 Rogers Rd Detached $699,900 3 2.5 3252 83
17596 Oak Meadow Ln Detached $789,000 3 2.5 2844 1
725 10th St Detached $795,000 3 2 2016 13
13978 Westcott Ct Detached $899,000 4 3 3267 199
17637 Woodhurst Pl Detached $925,000 5 3.5+.5 4833 104
14117 Barrington Ct Detached $1,095,000 4 3 3503 37
418 Northshore Rd Detached $1,098,000 4 2 2838 190
17344 Cedar Rd Detached $1,699,000 5 2.5 2831 27
260 Iron Mountain Blvd Detached $2,498,000 4 4.5+.5 6048 802
612 Ridgeway Rd Detached $2,598,000 4 4.5 4106 397

Sold/Closed (Aug 13-19, 2018)

Address Type List Price Sold Price Sq Ft CDOM
16250 Pacific Hwy #81 Condo $199,000 $196,500 841 3
86 Kingsgate Rd H203 Condo $215,000 $213,000 849 25
74 Oswego Summit Condo $225,000 $225,000 1140 3
3876 Botticelli St Condo $285,000 $295,000 1124 4
100 Greenridge Ct Townhouse $365,000 $365,000 2004 2
5110 Carman Dr Detached $423,900 $449,000 1407 4
4235 Douglas Way Detached $459,000 $465,000 1479 4
19019 Terry Ave Detached $489,900 $494,000 1412 27
8 Grouse Terrace Detached $559,000 $545,000 2658 59
672 1st St Condo $679,900 $675,000 1986 40
5693 Victoria Ct Detached $705,000 $705,000 3540 0
1731 Woodland Terr Detached $745,000 $715,000 2714 11
15 Del Prado St Detached $725,000 $740,000 2185 8
17453 Oak Meadow Ln Detached $799,990 $790,000 3294 8
17668 Woodhurst Pl Detached $895,000 $840,000 4281 72
4933 Lakeview Blvd Detached $908,000 $870,000 3988 195
19320 Lorna Ln Detached $1,149,000 $1,050,000 4192 134
2965 Tolkien Ln Detached $1,159,000 $1,159,000 4337 0
635 Iron Mountain Blvd Detached $1,589,000 $1,525,000 4736 64
1460 Skyland Dr Detached $1,795,000 $1,780,000 4760 23
951 Westpoint Rd Detached $3,865,000 $3,800,000 4144 520

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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2018 Street of Dreams

What was old is new again, that is if it’s from the 1980’s.

I had the pleasure of touring this year’s Street of Dreams this week. There are six homes in this years tour plus a tiny home that is being auctioned to help veteran’s organizations. These homes are absolutely stunning. I love the Street of Dreams because the homes are so gorgeous. I like to see the architecture, I like to see the finish details, I like to see the furnishings. It’s a window in what is popular now, but also what is coming in the year ahead.

I go through the houses looking for trends. This year the trends that caught my eye really reflect a return to things that were popular in the 80’s. Along with those 80’s repeats, here is my list of the trends I observed this year.

Wood paneling Yep, wood paneling. Nearly every home had a wall somewhere in the house with wood paneling. In one house there was even a ceiling that was finished with wood paneling. Oh my goodness, we are so going to be yanking this wood all out in about 15 years.

There is some of the most extraordinary tile in these houses. Truly beautiful. One house in particular had tile in the master shower that had at least an inch of depth variety on it’s surface. It reminded me of moving water. I loved it!

Tile with that slightly Mediterranean, unidentifiable pattern Don’t get me wrong, it’s beautiful, but it’s a big commitment. Sometimes with bold colors it will look good and be popular this year, but I think it will grow old fast. Wouldn’t it be easier to buy a nice rug?

Sliding barn doors Oh my goodness, so many sliding barn doors. These have been around for a few years now. I was pretty skeptical about them when I first saw them at the Street of Dreams in Lake Oswego about 8 years ago, but they are a trend that has lasted and remains popular. And, with time, I’ve grown to like them more than I did at first. There were lots and lots of them this year. Maybe even, dare I say, too many?

Stunning kitchens Kitchens are one of the prime reasons to visit the Street of Dreams and this year the kitchens do not disappoint. All of the homes have kitchens with either a big walk-n pantry, or with literally a second full kitchen just in back. These homes are designed for large entertaining. As someone who likes to throw big parties, I can totally see the usefulness of this design. You have space for cooking and entertaining at the big cooking islands and you also have a space for the food you have prepared ahead to be set out and ready to serve without being in the way. Love it!

Great outdoor spaces All of the homes have beautiful outdoor kitchens with fireplaces and outdoor furniture that makes them feel like a living room under the stars. I love this feature and want to see it in every home!

Located on “The Reserve” golf course, it is a beautiful setting. Although I will mention that the master bedroom in one house already had a broken window from what I suspect was an errant golf ball.

My last observation is about the prices. Although on one house the price was not listed, the five where the price was disclosed were all either just above or just below $2,000,000. I find myself wondering, does this location warrant $2,000,000? For $2,000,000 you can live on the main lake in Lake Oswego. You can live on a vineyard in Newberg. You can have a luxurious mansion in the West Hills. It seems a bit bold to price point at $2,000,000 in this location. We shall see. I don’t think the builders of these homes would have put out the investment in this location that they have if they felt that there is risk. I will wait and see what the market says as the sale of these homes happens.

I do encourage you to go to this year’s Street of Dreams. It makes for a very nice afternoon and who knows, it may inspire you to take on that home improvement project that you’ve been dreaming about.
Dianne

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Market Activity July 30-Aug 5, 2018

The real estate market is chugging right along. Yes, it’s off a bit from the peak in June, but numbers last week remain healthy and strong. Here in Lake Oswego we had 21 new listings, 29 pending sales, and 21 closed/sold properties. It’s both a good time to buy and a good time to sell. If you are trying to make the move before school starts, the time is NOW!

Following is the breakdown for you according to RMLS:

New on the Market (July 30-Aug 5, 2018)

Address Type Price BR Baths Sq Ft
85 Oswego Summit Condo $243,000 2 2 1212
3692 Spring Ln 3C Condo $275,000 2 2 1117
750 1st ST A-10 Condo $289,900 2 2 1350
15230 Boones Way Condo $295,000 2 2 1185
3972 Carman Dr Condo $339,900 2 3 1146
34 Wheatherstone #17 Condo $410,000 3 2.5 1692
40 Wheatherstone Condo $429,000 3 2.5 1692
16800 Lakeridge Dr Detached $524,900 5 2.5 2160
652 D Ave Detached $579,900 2 2 1320
2340 Oakhurst Ln Detached $625,000 3 2.5 2860
4 Essex Ct Detached $629,000 4 2.5 2835
13055 Princeton Ct Detached $675,000 4 2.5 3142
767 10th St Detached $799,900 4 2 2820
181 3rd St #5 Condo $975,000 2 2 1725
13857 Amberwood Circle Detached $995,000 4 2.5 3916
18140 Pioneer Ct Detached $995,000 4 3 2524
650 1st St Condo $1,150,000 3 2.5 2767
17951 Meadowlark Ln Detached $1,299,000 4 3.5+.5 5065
17342 Ridgeview Ct Detached $1,450,000 4 3.5 4238
3130 Douglas Circle Detached $1,698,800 4 3.5 4063
17763 Kelok Rd Detached $1,699,000 4 4 3840

Pending Sales (July 30-Aug 5, 2018)

Address Type Price BR Baths Sq Ft CDOM
4 Touchstone #122 Condo $175,000 2 2 984 44
47 Eagle Crest Dr #15 Condo $185,000 2 1 1009 8
4 Touchstone #123 Condo $199,949 3 2.5 1351 12
520 S State St 5B Condo $235,000 2 1 914 106
200 Burnham Rd #207 Condo $235,000 2 1 1202 11
12 Oswego Summit Condo $244,000 2 2 1140 46
236 Ridgeway Rd 16A Condo $250,000 2 1 914 10
6924 Montauk Circle Condo $267,000 3 2 1092 29
9 Oriole Ln Detached $419,888 3 3 1928 136
9 Juarez Ln Detached $419,888 3 3 1928 136
16624 Roosevelt Ave Detached $479,900 2 2 2802 81
1841 Cloverleaf Rd Detached $495,000 5 3 2190 37
1660 Woodland Terrace Detached $499,000 4 3 2728 168
1714 Greentree Rd Detached $549,900 4 3 3110 167
1699 Parrish St Detached $550,000 3 3 1820 4
15451 Tanager Dr Detached $577,000 2 2 1970 7
3615 Upper Dr Detached $585,000 3 2 1529 3
5564 Bonita Rd Detached $619,000 3 2.5 2435 71
17790 Overlook Circle Detached $639,900 3 3 3480 69
17415 Upper Cherry Ln Detached $649,000 4 3.5 3396 36
16202 Waluga Dr Detached $650,000 1 1 612 2
17036 Crestview Dr Detached $675,000 4 3 2768 46
18028 Westminster Dr Detached $710,000 4 3.5 4501 116
14274 Kimberly Circle Detached $795,000 4 2.5 3231 70
3056 Wembley Park Rd Detached $965,000 4 2.5 2611 26
18955 Bryant Rd Detached $989,000 4 2.5 3647 73
14117 Barrington Ct Detached $1,095,000 4 3 3503 19
820 Fairway Rd Detached $1,224,000 4 3.5 3758 36
157 6th St Detached $1,650,000 4 3.5 3614 258

Sold/Closed (July 30-Aug 5, 2018)

Address Type List Price Sold Price Sq Ft CDOM
100 Kerr Pkwy #51 Condo $169,000 $165,000 620 37
48 Eagle Crest Dr 1C Condo $285,000 $280,000 1370 25
16880 Cortez Ct Detached $395,000 $365,000 1991 68
17839 Tamara Ave Detached $445,000 $427,000 1562 14
8 Bernini Ct Detached $485,000 $500,000 1465 7
14273 Amberwood Circle Detached $549,000 $516,000 2350 4
1581 Woodland Terrace Detached $549,000 $546,500 2072 26
5582 Yorkshire Pl Detached $589,900 $580,000 2302 4
18 Juarez St Detached $595,000 $591,500 2521 10
4654 Auburn Ln Attached $620,000 $610,000 2732 171
4220 Albert Circle Detached $615,000 $614,000 2405 20
4910 Lower Dr Detached $659,900 $650,000 2151 196
17423 Oak Meadow Ln Detached $734,000 $710,000 3125 132
12814 Sierra Vista Dr Detached $750,000 $745,000 3050 2
2110 Greentree Rd Detached $849,000 $849,000 2908 0
4145 Chad Dr Detached $929,900 $892,000 3337 20
5416 Southwood Dr Detached $899,900 $920,000 3340 3
18493 Ray Ridge Dr Detached $1,200,000 $1,050,000 4367 43
2912 Wembley Park Rd Detached $1,450,000 $1,375,000 4389 143
1903 Egan Way Detached $1,448,000 $1,436,640 2795 5
1115 Lake Front Rd Detached $2,245,000 $1,900,000 4245 56

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.

Posted on

Open House today 1-4!

Now’s your chance to come and see this gorgeous Lake Oswego home! I’ll be holding it open today from 1-4pm. Follow my signs from Boones Ferry Rd at Twin Fir to 2990 Glen Eagles Rd.

This house features a great room floor plan with 4 bedrooms, 2.5 baths, a den and a bonus/family room. It is good sized at 3787 square feet. Listed at $1,150,000 that is just $303 per square foot and one of the best values in newer construction in Lake Oswego. It is a tremendous value! Built in 2010, it has gorgeous woodwork that includes wainscoting, custom cabinets and hardwood floors. The kitchen is huge and has a commercial-size Jenn-aire range, granite counters, and a massive cooking island. This is a kitchen that is ideal for big gatherings of people and amazing entertaining.

Did I mention that it is on over a third of an acre? This is super rare as new homes are usually built on much smaller lots. To find a newer home, on a big lot, is very special. In addition the house has access to 4, yes, that’s right, 4, boating easements.

I am very exciting to be holding this house open today. The only thing that would make it better is if you come and see this house! Oh yeah, it’s air conditioned. Bonus!

I hope to see you,
Dianne

Posted on

Market Activity July 16-22, 2018

Just as I was getting used to the idea that we are in the dog days of summer a week happens that goes gang busters! Last week in Lake Oswego there were 32 genuinely new listings, 27 houses that went into pending status, and 18 sold/closed properties. That’s a big week!

Following is the breakdown for you according to RMLS:

New on the Market (July 16-22, 2018)

Address Type Price BR Baths Sq Ft
4 Touchstone #123 Condo $199,949 3 2.5 1351
200 Burnham Rd #207 Condo $235,000 2 1 1202
15938 Quarry Rd B-4 Condo $242,500 2 1 991
3916 Carman Dr Condo $339,900 2 2.5 1098
12848 Boones Ferry Rd Condo $389,900 2 2.5 1182
1700 Gassner Ln Detached $399,900 3 2 1832
293 Cervantes Attached $424,900 3 2.5 1477
15370 Twin Fir Rd Detached $449,000 3 3.5+.5 1120
1218 Laurel St Detached $449,000 4 2 1485
20 Summit Ridge Ct Attached $459,950 2 2.5 1704
1651 Woodland Terr Detached $475,000 5 3 2737
17270 Bryant Rd Detached $569,000 3 3 2047
1459 Greentree Circle Detached $595,000 3 2 1716
1508 Pine St Detached $619,900 4 3 2300
71 Tanglewood Dr Detached $639,900 3 3 2616
36 Westridge Dr Detached $639,900 4 3 2803
1 Preakness Ct Detached $640,000 4 3 2373
838 Ash St Detached $649,000 4 1.5 3025
3271 Fir Ridge Rd Detached $649,000 4 2.5 2250
17020 Chapin Way Detached $684,900 4 3 3258
4804 Heritage Ln Detached $739,000 4 2.5 2458
55 Northshore Rd #1 Condo $759,000 3 2 2750
17453 Oak Meadow Ln Detached $799,000 4 2.5 3294
49 Hillshire Dr Detached $970,000 4 3.5 4268
727 Laurel St Detached $997,500 3 3.5 3365
903 Ash St Detached $1,100,000 3 2.5 2766
3240 Upper Dr Detached $1,195,000 3 2.5 3400
17486 Redfern Ave Detached $1,449,000 4 4 3632
17344 Cedar Rd Detached $1,699,000 5 2.5 2831
3817 Upper Dr Detached $1,699,000 4 3.5 4532
18990 Barton Rd Detached $1,750,000 4 3.5+.5 4532
1175 Westward Ho Rd Detached $1,788,888 3 3.5 3547

Pending Sales (July 16-22, 2018)

Sold/Closed (July 16-22, 2018)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #5 Condo $149,000 1 1 617 59
47 Eagle Crest Dr #52 Condo $149,900 1 1 666 22
45 Eagle Crest Dr #312 Condo $214,950 1 1 780 1
86 Kingsgate Rd D103 Condo $22,900 2 2 924 4
45 Greenridge Ct Townhouse $394,900 3 2.5 1645 27
155 Greenwood Rd Detached $445,000 3 1 999 6
4235 Douglas Way Detached $459,000 3 2 1479 4
18444 Tualata Ave Detached $465,000 3 2 1245 3
17869 Lake Haven Dr Detached $475,000 4 2.5 2150 5
16624 Roosevelt Ave Detached $479,900 2 2 2802 71
15008 Twin Fir Rd Detached $494,900 7 2.5+.5+.5+.5 3532 30
8 Grouse Terrace Detached $545,000 4 3 2658 59
1038 Oak St Detached $550,000 4 2 2657 4
622 Clara Ct Detached $575,000 4 2 2236 75
4639 Black Forest Ct Detached $635,000 4 2.5 2197 28
605 Country Club Rd Detached $649,000 5 3.5 3422 60
220 4th St Detached $649,000 3 2 1840 6
1911 Woodland Terr Detached $650,000 3 2.5 2060 3
672 1st St Condo $679,900 2 2.5 1986 40
12777 Sierra Vista Dr Detached $689,000 4 2.5 3144 108
2251 Summit Dr Detached $749,000 4 3 2874 56
5853 Southwood Dr Detached $825,000 5 2.5 3707 48
4933 Lakeview Blvd Detached $898,000 4 3 3988 195
1159 Bayberry Rd Detached $949,000 4 2.5 2508 26
629 Middlecrest Rd Detached $1,399,000 4 4 3575 85
1160 Northshore Rd Detached $1,998,000 2 2.5 2794 156
3424 Lakeview Blvd Detached $6,988,000 5 5.5 7102 44
Address Type List Price Sold Price Sq Ft CDOM
100 Kerr Pkwy #51 Condo $169,000 $165,000 620 37
48 Eagle Crest Dr 1C Condo $285,000 $280,000 1370 25
16880 Cortez Ct Detached $395,000 $365,000 1991 68
8 Bernini Ct Detached $485,000 $500,000 1465 7
14273 Amberwood Circle Detached $549,000 $516,000 2350 4
5582 Yorkshire Pl Detached $589,900 $580,000 2302 4
4654 Auburn Ln Attached $620,000 $610,000 2732 171
4220 Albert Circle Detached $615,000 $614,000 2405 20
4910 Lower Dr Detached $659,900 $650,000 2151 196
17423 Oak Meadow Ln Detached $734,000 $710,000 3125 132
12814 Sierra Vista Dr Detached $750,000 $745,000 3050 2
2110 Greentree Rd Detached $849,000 $849,000 2908 0
4145 Chad Dr Detached $929,900 $892,000 3337 20
5416 Southwood Dr Detached $899,000 $920,000 3340 3
18493 Ray Ridge Dr Detached $1,200,000 $1,050,000 4367 43
2912 Wembley Park Rd Detached $1,450,000 $1,375,000 4389 143
1903 Egan Way Detached $1,449,000 $1,436,640 2795 5
1115 Lake Front Rd Detached $2,245,000 $1,900,000 4245 5

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.