Author: Dianne Gregoire

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Real Estate Cycles of Aging Homes

Real estate is rather similar to fashion: there are trends and styles that come and go. What is hot today will not be hot tomorrow. I find it fascinating.

Growing up my Dad worked for a large corporation that required that to be promoted he had to move. My Dad was hard working and successful and we moved a lot. My folks knew when they bought at house that they’d be selling it in 3-5 years. They knew that they had to buy something that they could easily sell. This is why they favored new construction. It worked. Their homes always sold easily and they did very well with their real estate investments.

This leads me to scenario #1: new homes. They are the latest in what’s popular. Builders build homes to sell them and make a profit. They study the market and are absolutely on the cutting edge of the latest trends. What is hot right now is ultra contemporary. Houses with dramatic expanses of flat and angular roofs, big windows with soaring vaults, great rooms, massive master suites, these are all part of the current formula.

Scenario #2: a house that is 15-30 years old. These are the houses that used to be hot, but the styles have changed. They are also just new enough that everything still works, but that the useful life of some of the expensive components (think roof, furnace, air conditioning) is nearing the end of its expected life. I think this is the roughest stage in the life of a house. Buying one of these houses will be a great value. Here in LO, you’ll get a lot for the money. The houses have the big spaces with good sized rooms and 3-car garages, but probably need remodeling. It takes money to bring these houses in line with what is “hot”. You’ll get out of them what you put into them. They are a great investment.

Scenario #3: the golden age that stretches into the future. These are houses that have aged past what is “hot” and have become classic. That is what is happening right now with houses built between 1960 and 1980. The NW Contemporaries that were so popular when they were built have become architecturally important and truly stunning when in good condition. This is the time when all of the maintenance and up keep pays off. A house that is well cared for through the ages will remain a great investment and hold onto and build in value. This golden age includes the post WWII cottages in First Addition, the farm houses and bungalows in Lake Grove, and the 1950’s daylight ranches in Palisades. These houses have aged to a point where what’s in style no longer impacts them, they are classic.

As a house ages the various owners will be making lots of decisions about improvements and remodeling. That is human nature. I want to make what I think is an important point: respect the era of the home. Please don’t try to make a 1923 bungalow into a contemporary by taking out all of the original wood work and tearing out all of the walls. I showed a bungalow just recently that my buyer was super excited to see. We walked in and there it was, a massive, floor-to-ceiling fireplace completely refaced in lava rock. I’m sure it seemed like a good idea in about 1980, but today it’s an eyesore. The house would be so much more desirable if the original fireplace was still there. Do upgrade components like the furnace. Do upgrade the energy efficiency. Do the maintenance and keep the house clean and painted. But also appreciate the architecture of the original design. If that is respected, the house will truly shine.

I want to end by showing the before and after of a 1982 house in Mountain Park. This is a perfect example of how a style reaches the “classic” status. The before photo was from when the house sold in 2011. It had grown a little “tired” but had all of those great contemporary lines. The after photo is from about a month ago. The current owners appreciated the clean lines and have made that house shine, all while honoring the original design. This house is aging well. It sold in about 12 hours when it hit the market.

None of this is based on anything more than my observations. I love new homes, and I love older homes. Houses are pretty interesting, if you ask me.
Dianne

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Market Activity July 2-8, 2018

The Lake Oswego real estate market remains strong and is singing right along. Last week new listings were down a bit at just 14, which is totally logical considering it was a big holiday week. Pending sales remained strong at 27, and closed/sold properties were steady at 18.

Following is the breakdown for you according to RMLS:

New on the Market (July 2-8, 2018)

Address Type Price BR Baths Sq Ft
4000 Carman Dr A10 Condo $218,500 2 2 836
51 Condolea Ct Condo $510,000 3 2.5 2198
18440 Sandpiper Circle Detached $529,900 3 2 1447
58 Touchstone Detached $540,000 3 2 1674
16106 Lake Forest Blvd Detached $649,900 5 2 3440
15550 Quarry Rd Detached $875,000 4 3 2741
13188 Twin Creek Ct Detached $887,500 4 2.5 3480
1604 Country Club Rd Detached $900,000 3 3.5 3878
3953 Bass Ln Detached $1,095,000 4 3.5 3301
211 Furnace St Detached $1,195,000 4 3.5 3301
686 Ridgeway Rd Detached $1,249,000 5 3 3048
143 Furnace St Condo $1,250,000 2 2.5 2245
17283 Blue Heron Rd Detached $1,795,000 3 2.5 2813
17210 Cedar Rd Detached $2,095,000 4 3 2813

Pending Sales (July 2-8, 2018)

Address Type Price BR Baths Sq Ft CDOM
16250 Pacific Hwy #81 Condo $199,000 1 1 841 3
4000 Carman Dr E82 Condo $199,023 2 1 827 7
4 Touchstone #99 Condo $210,000 2 2 984 5
6924 Montauk Circle Condo $267,000 3 2 1092 3
3876 Botticelli St Condo $285,000 2 2 1124 4
16250 Pacific Hwy #76 Condo $325,000 3 2 1745 117
5064 Foothills Dr F Condo $349,900 2 2 1252 61
4308 Botticelli St Townhouse $394,950 3 3.5 2098 31
5835 Carman Dr Detached $424,900 3 2.5 1650 81
17839 Tamara Ave Detached $445,000 3 1.5 1562 14
55 Northshore Rd #9 Condo $450,000 2 1.5 2025 385
19019 Terry Ave Detached $489,900 3 2 1412 27
4 Gershwin Ct Detached $490,000 4 3.5 2930 15
5020 Lakeview Blvd Detached $499,000 3 2 1211 6
1400 Lee St Detached $579,900 5 3 2840 15
49 Tanglewood Dr Detached $580,000 4 2.5 2491 24
5540 Bay Creek Dr Detached $650,000 3 3 2130 46
17441 Blue Heron Dr Detached $650,000 4 3 2265 88
4087 Coltsfoot Ln Detached $659,900 3 2 2640 64
4261 Glacier Lily St Detached $694,500 4 2.5 2693 94
17502 Erin Ct Detached $724,900 4 3 3056 49
1731 Woodland Terrace Detached $745,000 4 2.5 2714 11
2212 Glenmorrie Ln Detached $1,150,000 5 2.5 3722 28
18137 Meadowlark Ln Detached $1,299,000 4 4.5 5306 303
893 Cedar St Detached $1,375,000 4 3.5 3740 182
2912 Wembley Park Rd Detached $1,450,000 4 3.5+.5 4389 143
340 Ridgeway Rd Detached $2,230,000 4 4 4411 2

Sold/Closed (July 2-8, 2018)

Address Type List Price Sold Price Sq Ft CDOM
21 Oswego Summit Condo $170,000 $170,000 764 46
20 Cervantes Circle Condo $200,000 $200,000 912 9
86 Kingsgate Rd E202 Condo $239,900 $239,900 924 3
48 Eagle Crest Dr 4E Condo $299,000 $299,000 1489 48
1381 Bonniebrae Dr Townhouse $305,000 $310,000 1303 3
19350 Marlin Ave Detached $569,000 $550,000 1820 56
4846 Redwing Way Detached $549,900 $565,000 1607 16
748 1st St Detached $600,000 $600,000 1404 0
2660 Lookout Ct Detached $624,500 $619,500 2565 43
13805 Regency Ct Detached $659,000 $649,000 2087 6
18462 Anduin Terrace Detached $725,000 $675,000 2982 103
20 Independence Ave Detached $724,900 $714,000 3900 4
1121 Devon Ln Detached $849,900 $820,000 2968 103
16101 Parelius Circle Detached $1,165,000 $875,000 3974 235
4090 Westbay Rd Detached $925,000 $925,000 2078 1
540 Northshore Rd Detached $899,000 $925,000 2646 1
1925 Cheryl Ct Detached $1,848,000 $1,800,000 5869 26
14390 Uplands Dr Detached $3,888,000 $3,819,000 7656 0

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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Fireworks Spectaculars!

Lake Oswego, for the first time, will have two full-on fireworks displays.

Traditionally the Lake Corporation has hosted the big event. It’s done from a barge in the middle of the lake and it’s pretty special. There’s a guy with a trumpet who plays the National Anthem right before it begins and the sound of that music drifting over the water gives me goose bumps every year. It’s a great show that begins at around 10pm and lasts a good 20-30 minutes.

There has been concern in the past that even though this is a great event, viewing it isn’t so easy if you don’t live on the lake or have an easement on the lake. Because of this the City of Lake Oswego has stepped up and they too are hosting a fireworks display. This display will be set off from the beach at George Roger’s Park. The intent is that viewing will be easy from the park’s upper ball field and also from Millennium Plaza Park. This event is projected to last about 20 minutes.

I’m thinking I want to find a spot between the two and have fireworks in stereo!

Which ever show you choose to go to, enjoy!
Dianne

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Market Activity June 18-24, 2018

Sure seems like time is flying! We are already at the end of June and 4th of July is next week. If you are considering a move this summer so that you are settled in time for the start of school at the end of summer, there is still time to make that happen. And if you are thinking of settling here in LO, you’ve got some great houses to choose from. Last week in LO we had 23 new listing come on the market. We also had 19 houses go into pending status and 22 closed/sold sales.

Following is the breakdown for you according to RMLS:

New on the Market (June 18-24, 2018)

Address Type Price BR Baths Sq Ft
4 Touchstone #122 Condo $186,000 2 2 984
237 Cervantes Condo $229,500 2 1.5 1216
149 Oswego Summit Condo $234,000 2 2 1212
452 S State St Condo $294,900 3 1 1659
17839 Tamara Ave Detached $445,000 3 1.5 1562
15008 Twin Fir Rd Detached $494,900 7 2.5+.5+.5+.5 3532
18820 SW 65th Ave Detached $499,900 3 2.5 2268
1039 Spruce St Detached $549,900 3 1.5 1486
5475 Willow Ct Attached $599,000 3 2.5 2438
1179 Larch St Detached $609,900 3 2 3206
4639 Black Forest Ct Detached $665,000 4 2.5 2197
15 Del Prado St Detached $725,000 4 2.5 2185
1731 Woodland Terrace Detached $745,000 4 2.5 2714
3015 Wembley Park Rd Detached $799,000 3 1 2146
927 Oak St Detached $895,000 5 3.5 2864
2013 Ridgewood Rd Detached $901,000 4 2.5 3181
15776 Inverurie Rd Detached $999,000 3 2 2350
4750 Upper Dr Detached $1,289,900 5 3.5 3091
5450 Childs Rd Detached $1,700,000 5 3.5 4114
5450 Childs Rd Lot 2 Detached $1,800,000 4 3.5 3896
260 Iron Mountain Blvd Detached $2,498,000 4 4.5+.5 6048
2896 Lakeview Blvd Detached $2,890,000 5 4.5 4244

Pending Sales (June 18-24, 2018)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #51 Condo $165,000 1 1 620 37
153 Oswego Summit Condo $215,000 2 2 1383 57
3433 McNary Pkwy #501 Condo $225,000 2 2 1136 8
8 Bernini Ct Detached $485,000 3 2 1465 7
4 Adams Ct Detached $497,000 4 2.5 2287 12
14332 Sherbrook Pl Detached $514,900 3 2.5 1770 35
1842 Kilkenny Dr Detached $525,000 3 2 1988 13
45 Aquinas St Detached $699,900 4 2.5 2981 32
14636 Doris Ave Detached $725,000 3 2 2451 2
14322 Edenberry Dr Detached $799,900 4 2.5 2806 9
154 Berwick Rd Detached $839,000 5 3.5 3020 5
17960 Meadowlark Ln Detached $899,000 4 3.5 3400 34
4090 Westbay Rd Detached $924,950 3 2 2078 1
16101 Parelius Circle Detached $995,000 4 3 3974 235
4749 Upper Dr Detached $1,179,000 4 2.5 3285 171
13707 Fielding Rd Detached $1,195,000 4 3 3337 30
18493 Ray Ridge Dr Detached $1,200,000 4 3.5+.5+.5 4367 43
811 Northshore Rd Detached $1,750,000 5 4 4948 2
1810 Northsore Rd Detached $1,850,000 5 3 3553 22

Sold/Closed (June 18-24, 2018)

Address Type List Price Sold Price Sq FT CDOM
322 Cervantes Circle Condo $190,000 $190,000 832 8
44 Eagle Crest Dr #29 Condo $194,500 $194,500 798 5
3672 Spring Ln 4A Condo $329,900 $335,000 1117 7
18543 Don Lee Way Detached $400,000 $405,000 1099 7
110 Kingsgate Rd Detached $424,900 $412,500 1669 68
5465 Childs Rd Detached $450,000 $425,000 1487 40
4 Summit Ridge Ct Attached $440,000 $440,000 1576 14
4144 Sunset Dr Detached $579,000 $580,000 2462 5
4690 Auburn Ln Attached $657,900 $640,000 2750 98
13104 Rogers Rd Detached $699,900 $682,230 2646 1
720 Maple St Detached $699,000 $685,000 3966 56
577 2nd St Condo $750,000 $750,000 1349 0
1128 Lake Shore Rd Detached $799,000 $799,000 1397 22
17503 Cherry Ct Detached $945,000 $900,000 4267 71
940 Cumberland Rd Detached $895,000 $905,000 2992 3
9.5 Hillshire Dr Detached $949,950 $950,000 3735 2
14053 Amberwood Circle Detached $975,000 $980,000 3126 4
3940 Canal Rd Detached $1,050,000 $985,000 3838 69
144 Leonard St Detached $1,095,000 $990,000 3363 26
13597 Rogers Rd Detached $1,149,000 $1,050,000 3945 276
2057 Summit Dr Detached $1,195,000 $1,195,000 4694 105
1515 Glenmorrie Dr Detached $1,532,500 $1,532,500 4312 0

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: 19 Juarez St

This is just a stunning house. I am super excited to be representing it’s owners as it is sold. Full disclosure, the house received an accepted offer the day it was put up for sale. I think this speaks to two things. First, contemporary homes are super popular right now. I’ve been in this business long enough to remember a time when traditional homes was what was hot and the contemporaries were slow to sell. That is not the case in 2018. Contemporary homes are hot, hot, hot. Second, it pays to take good care of your property. The owners of this house have really enjoyed it and done improvements over the entire time that they have owned it and it shows.

The house is in Lake Oswego but just across the county line into Multnomah County. It is part of the Mountain Park Home Owner’s Association. This means it has access to the wonderful rec facility with swimming, weightroom, basketball, a big reception room, and 15 miles of walking paths.

It was built in 1982 and has 3584 square feet with 3 bedrooms, 2 bonus rooms, a living room, and a family room. It’s a 2 car garage. There are valley views to the South and 6 big decks take advantage of those views. The asking price was $739,900. We are in escrow and going through the home inspection process. I am confident of the solidness of the current buyer, but I am also keeping a list of people who want to be contacted if it comes back onto the market. Please let me know if you want to be added to that list.

Enjoy the weekend!
Dianne

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Market Activity – June 4-10, 2018

With school officially out, the swim park has opened and LO is blooming and beautiful. What a wonderful time of year! It’s also the perfect time to buy or sell a home. Our activity has remained strong with 20 new listings in Lake Oswego last week, 29 houses moved into pending status, and 26 properties became closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (June 4-10, 2018)

Address Type Price BR Baths Sq Ft
572 S State St Condo $250,000 2 1 914
`5210 Boones Way Condo $329,900 2 2 1124
18821 Longfellow Ave Detached $389,000 3 1 946
5540 McEwan Rd Detached $509,000 3 3 1898
1842 Kilkenny Dr Detached $525,000 3 2 1988
15115 Twin Fir Rd Detached $549,000 3 2 1400
1129 Cherry Ln Detached $579,950 3 2.5 2196
870 Lake Forest Dr Detached $649,900 3 2 1971
5937 Bay Point Dr Detached $799,900 4 2.5 3402
4133 Glacier Lily St Detached $825,000 4 3.5 3910
17454 Canal Circle Detached $849,000 3 2.5 2472
2949 Westview Circle Detached $989,900 4 3 3326
19626 Perch Ct Detached $1,099,000 4 2.5 3494
2212 Glenmorrie Ln Detached $1,150,000 5 2.5 3722
17494 Lake Haven Dr Detached $1,400,000 2 2 2121
1460 Skyland Dr Detached $1,795,000 4 4.5 4760
13910 Stampher Rd Detached $1,950,000 4 3.5 4488
936 Evergreen Rd Detached $1,975,000 3 2.5 3772
3434 Lakeview Blvd Detached $6,988,000 5 5.5 7102
1226 Northshore Rd Detached $8,500,000 4 5.5 5544

Pending Sales (June 4-10, 2018)

Address Type Price BR Baths Sq Ft CDOM
21 Oswego Summit Condo $170,000 1 11 764 46
86 Kingsgate Rd E202 Condo $239,900 2 2 924 3
5225 Jean Rd #107 Condo $279,900 2 2 1200 18
5055 Foothills Dr B Condo $339,000 3 2 1252 252
1120 Boca Ratan Dr Attached $360,000 3 2 1611 6
16 Greenridge Ct Townhouse $395,000 2 2.5 2019 32
9 Oriole Ln Detached $425,000 3 3 1928 76
84 Greenridge Ct Attached $430,000 4 2.5 2868 158
55 Northshore Rd #9 Condo $450,000 2 1.5 2025 357
16053 Lake Forest Blvd Detached $489,900 4 2 2100 174
1581 Woodland Terrace Detached $549,000 3 2.5 2072 26
3585 Lake Grove Ave Detached $550,000 4 2 1575 1
5582 Yorkshire Pl Detached $589,900 3 3 22302 4
328 4th St Townhouse $624,900 2 2.5 1731 17
1422 Ash St Detached $649,000 4 3 2997 327
17976 Cardinal Dr Detached $665,000 4 2.5 2936 6
412 Livingood Ln Detached $674,875 5 2.5 3928 39
19 Juarez St Detached $739,900 3 2.5 3584 1
12814 Sierra Vista Dr Detached $750,000 4 3.5 3050 2
3240 Westview Ct Detached $875,000 4 3.5 3121 46
16470 Phantom Bluff Detached $899,900 5 3 2783 108
5047 Woodcrest Ln Detached $925,000 4 3.5 3713 12
4190 Chad Dr Detached $925,000 4 3.5 3818 40
4145 Chad Dr Detached $929,900 4 2.5 3337 20
950 Oak Terrace Detached $1,150,000 4 2.5 3787 7
3155 Upper Dr Detached $1,175,000 4 3 3016 39
3820 Southshore Blvd Detached $1,189,000 5 4 4855 3
15495 Village Dr Detached $1,545,000 5 4.5 5401 24
13364 Atwater Ln Detached $1,695,000 5 6.5 5841 34

Sold/Closed (June 4-10, 2018)

Address Type List Price Sold Price Sq Ft CDOM
96 Galen St Condo $149,500 $156,000 552 3
330 Cervantes Circle Condo $190,000 $190,000 832 45
16250 Pacific Hwy #82 Condo $205,000 $205,000 841 8
67 Oswego Summit Condo $225,000 $228,000 1212 24
156 Kingsgate Rd Detached $379,900 $367,200 2020 140
1620 Fernwood Dr Detached $450,000 $4,450,000 1612 151
14328 Holly Springs Rd Detached $529,000 $510,000 1939 24
13850 Verte Ct Detached $525,000 $526,000 1942 5
5871 Bonita Rd Detached $550,000 $539,000 2406 9
57 Touchstone Detached $620,000 $620,000 2465 0
17 Scarborough Dr Detached $680,000 $680,000 3290 2
5524 Washington Ct Detached $749,900 $760,000 2672 87
820 Boca Ratan Dr Detached $760,000 $770,000 2628 1
808 Timberline Dr Detached $799,000 $775,000 3276 81
1510 Fernwood Dr Detached $789,900 $790,000 3291 13
2484 Marylshire Ln Detached $799,000 $819,000 4168 30
19507 35th Ct Detached $849,000 $837,000 3590 8
858 10th St Detached $800,000 $850,000 2332 5
18360 Delenka Ln Detached $899,900 $889,000 4349 2
13020 Knaus Rd Detached $949,000 $950,000 2545 2
4731 Upper Dr Detached $1,185,000 $1,120,000 3208 134
17492 Redfern Ave Detached $1,099,900 $1,158,000 2828 6
17224 Greentree Ave Detached $1,279,900 $1,275,000 3545 27
17442 Ridgeview Ln Detached $1,475,000 $1,382,000 5063 71
4262 Upper Dr Detached $1,590,000 $1,560,000 4096 38
17399 Canal Circle Detached $2,349,000 $2,175,000

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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Be Careful When Wiring Funds

One of the urgent issues that has developed in real estate, and in pretty much any area where large amounts of money are being transferred via wire, is wire fraud. We are all learning to be defensive in what we open that comes into our email in boxes. Never open a link from someone you don’t know, that sort of thing. But the wire fraud scam is very clever. Here is how it works. Thieves hack into email accounts and look for activity that could be a good target. Things like emails from Realtors and Title Companies. They then do an outstanding job of duplicating the official look of the people involved and they watch and wait for when it looks like the sale is coming to the point of money exchanging hands. Then they strike by sending out an official-looking email that tells the recipient to wire their funds needed to close to an account that they have set up. Being a good party to the transaction, the victim wires the requested funds. Boom. They’ve just been ripped off.

The biggest victim I’ve heard of using this technique was Southern Oregon State University. In the course of building a new building on campus they fell victim to someone claiming to be a contractor who needed to be paid. The loss was over a million dollars.

So beware. Realtors and Title companies know this is going on and are taking strong measures to protect clients. I personally have set up a double layer password system that requires a code sent to my cell phone to access my email account. From my end I am working very hard to not be hacked. But there are a few things that you can do as well.

1. Protect email accounts: Perpetrators of wire fraud often carry out their crimes after having hacked an email account. Use a strong password, change it periodically and use two factor authentication on any accounts used in connection with real estate closings. Customers should be strongly encouraged to do the same.

2. Call, don’t email: Customers should confirm all wiring instructions verbally before transferring funds. They should independently verify the phone number of the settlement agent or closing attorney (e.g. website, purchase contract, business card, etc.).

3. Be suspicious: It’s not common for wiring instructions and payment info to change. It’s also not common for the lender to provide wire instructions. A good mortgage company will never provide wire instructions to its homebuyers.

4. Confirm it all: Customers should ask their bank to confirm not only the account number but also the ABA routing number and the name on the account before sending a wire.

5. Verify immediately: Customers should contact the settlement agent or closing attorney to validate that the funds were received. Detecting that funds were sent to the wrong account within 24 hours offers the best chance of recovering the money.

6. Forward, don’t reply: When responding to an email, click on forward instead of reply and then start typing in the person’s email address. Criminals use email addresses that are very similar to the real one for a company. By typing the email addresses, it’s easier to identify if you’re a target of fraud.

7. Use a cashier’s check instead: Customers should consider not wiring funds at all. They should speak with the settlement agent or closing attorney about the procedures for using a cashier’s check instead of sending their funds by wire.

Be smart and be safe out there.

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Market Activity May 21-27, 2018

Looking at the real estate activity in Lake Oswego last week what stands out to me is just how balanced it is. We had nearly identical numbers with 28 new listings, 25 Pending sales, and 29 closed sales. This means that properties are coming onto the market at the same rate that they are selling. It feels very balanced and healthy for both buyers and sellers.

Following is the breakdown for you according to RMLS:

New on the Market (May 21-27, 2018)

Address Type Price BR Baths Sq Ft
4 Touchstone #114 Condo $189,900 2 2 984
3852 Botticelli St Condo $279,000 3 2 1224
5225 Jean Rd #107 Condo $279,900 2 2 1200
48 Eagle Crest Dr 1C Condo $285,000 2 2 1370
12868 Boones Ferry Rd Condo $399,900 2 2.5 1136
17802 Hillside Way Detached $585,000 4 2.5 3026
18 Juarez St Detached $595,000 3 2.5 2521
775 Boca Ratan Dr Detached $599,000 4 3.5 2710
4220 Albert Circle Detached $615,000 4 3 2405
5564 Bonita Rd Detached $649,000 3 2.5 2435
3612 Tempest Dr Detached $695,000 4 3 2819
57 View Ct Detached $755,000 4 2 2600
13000 Rogers Rd Detached $769,900 3 2.5 3252
2251 Summit Dr Detached $799,000 3 3 2874
630 9th St Detached $849,000 4 3 2576
14274 Kimberly Circle Detached $869,000 4 2.5 3231
1828 Palisades Terrace Detached $880,000 4 2.5 3264
981 Cumberland Pl Detached $899,000 4 2 3339
5047 Woodcrest Ln Detached $925,000 4 3.5 3713
16176 Matthew Ct Detached $930,000 4 2.5 3474
515 5th St Detached $995,000 2 1.5 2295
13589 Rogers Rd Detached $1,099,950 4 4 3302
15780 Twin Fir Rd Detached $1,155,000 4 2.5 3107
16717 Sylvan Ct Detached $1,200,000 5 3.5 4953
13575 Meadowcreek Ln Detached $1,239,000 4 2.5 3370
13707 Fielding Rd Detached $1,295,000 4 3 3337
15845 Oswego Shore Ct Detached $2,150,000 4 4.5 5500
1845 Highlands Loop Detached $2,695,000 4 3.5+.5 5001

Pending Sales (May 21-27, 2018)

Address Type Price BR Baths Sq Ft CDOM
322 Cervantes Circle Condo $190,000 2 1 832 8
44 Eagle Crest Dr #29 Condo $194,500 1 1 798 5
20 Cervantes Circle Condo $200,000 2 1.5 912 9
4 Touchstone #62 Condo $209,900 3 2.5 1351 129
26 Cervantes Circle Condo $215,000 2 1.5 912 6
1408 Laurel St Detached $300,000 3 1 850 0
3672 Spring Ln 4A Condo $329,900 2 2 1117 7
16880 Cortez Ct Detached $395,000 3 2.5 1991 19
16141 Parker Rd Detached $435,000 3 1 1008 24
1991 Greentree Rd Detached $625,000 4 3 2655 89
4690 Auburn Ln Attached $649,900 3 3.5 2750 98
13805 Regency Ct Detached $659,000 4 2.5 2087 6
4910 Lower Dr Detached $659,900 3 2.5 2151 196
97 Garibaldi Detached $749,000 3 2.5 3559 4
1128 Lake Shore Rd Detached $799,000 2 1 1397 22
5676 Suncreek Dr Detached $869,000 4 3.5 3312 32
940 Cumberland Rd Detached $895,000 4 3 2992 3
540 Northshore Rd Detached $899,000 4 3 2646 1
475 Iron Mountain Blvd Detached $899,900 4 3.5 3254 23
1563 Bay View Ln Detached $1,199,999 5 4.5 5615 322
4250 Lords Ln Detached $1,249,000 4 3.5 3516 299
1620 Fernwood Dr Detached $1,279,900 3 3.5 3371 47
18137 Meadowlark Ln Detached $1,299,000 4 4.5 5306 258
18475 Crestlline Dr Detached $1,680,000 4 4.5 4740 291
1925 Cheryl Ct Detached $1,848,000 4 5.5 5869 26

Sold/Closed (May 7-13, 2018)

Address Type List Price Sold Price Sq Ft CDOM
750 1st St E33 Condo $197,000 $170,000 986 78
125 Oswego Summit Condo $180,000 $180,000 764 10
4 Touchstone #68 Condo $199,900 $193,798 984 3
52 Oswego Summit Condo $204,900 $204,900 705 15
4 Touchstone #148 Condo $224,900 $205,000 1351 159
3866 Botticelli St #27 Condo $286,500 $278,000 1132 18
668 McVey Ave #74 Condo $285,000 $279,500 636 26
6070 Lakeview Blvd Detached $350,000 $355,000 1416 5
5442 Jean Rd Detached $359,900 $359,900 1224 16
56 Condolea Terrace Condo $575,000 $529,000 2958 161
17323 Ashley Ct Attached $525,000 $535,000 2117 137
3827 Bass Ln Detached $589,000 $584,000 2302 42
3300 Southshore Blvd Detached $599,000 $599,000 1062 8
17915 Ridge Lake Dr Detached $650,000 $615,000 3304 431
17960 Ridge Lake Dr Detached $750,000 $715,000 3124 10
17622 Brookhurst Dr Detached $789,000 $785,000 2909 3
1691 Highland Dr Detached $799,900 $800,000 3314 17
691 7th St Detached $889,500 $850,500 2450 9
18840 Hill Top Rd Detached $1,195,000 $890,000 4216 584
4242 Cobb Way Detached $879,000 $899,000 2337 1
1875 Fernwood Dr Detached $1,249,900 $1,200,000 3279 74
490 G Ave Detached $1,349,000 $1,339,900 2959 0
2230 Wembley Park Rd Detached $1,449,950 $1,400,000 4597 216
16819 Greenbrier Rd Detached $2,250,000 $1,600,000 3022 549
18222 Siena Dr Detached $1,595,000 $1,691,100 3998 2
1955 Highlands Loop Detached $1,995,000 $1,925,000 4012 25
16865 Greenbrier Rd Detached $2,595,000 $2,495,000 6104 33
1210 Chandler Rd Detached $3,488,000 $3,150,000 7455 34
758 Southview Rd Detached $3,800,000 $3,800,000 5179 0

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

Fun with Fido

Hazelia Field’s “shy” dog park
The livability of a community has so much to do with what is available to use and to enjoy. It’s a big part of the reason that I personally moved to Lake Oswego and why I continue to enjoy living here. This is important to me for my own enjoyment and also for the enjoyment of those I love, including my pets.

I think it’s rather impressive that a town the size of LO, not a very big town with just shy of 39,000 people, has 4 dog parks. All 4 of them have off leash areas.

A well-earned drink
Pilkington Park (19043 Pilkington Rd) and McNary Park (47 Becket) both have big grassy areas that allow dogs to enjoy off-leash play. These parks are not fenced in. They are open from March 15-September 15 each year.

Hazalia Field (17800 Stafford Rd) is the most impressive of the off-leash dog parks. It has two separate fenced in areas, one for normal dogs and one for shy or timid dogs. Seriously, do you know of any other town that has an off-leash dog park for shy dogs? The fenced in areas are impressive with double-gated entries to allow you to enter the park with your dog leashed and then take the leash off before you open the second gate to let them charge out to play. This park is open all year round.

Well-designed entry
The newest dog park, and what prompted me to want to write this post, just opened about a mile from my house in West Waluga Park (15775 Waluga Dr). Like the park at Hazalia Field it has a big fenced in area with a double-gated entrance. This park is open March 15-September 15.

A well-exercised dog is a well-behaved dog. With this beautiful spring weather get out there and let Fido loose. He needs a good romp just like the rest of us.
Dianne

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Market Activity May 7-13, 2018

It’s been another great week of real estate. Last week Lake Oswego saw 29 properties come onto the market, 34 go into pending status, and 13 closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (May 7-13, 2018)

Address Type Price BR Baths Sq Ft
47 Eagle Crest Dr #31 Condo $165,000 2 1 1009
4615 Lakeview Blvd Condo $199,900 1 1 753
532 S State St Condo $230,000 1 1 829
5064 Foothills Dr Condo $359,900 2 2 1252
18543 Don Lee Way Detached $400,000 3 1 1099
106 Kingsgate Rd Detached $489,900 3 2.5 1669
668 McVey Ave #54 Condo $499,000 3 1.5 992
10 Churchill Downs Detached $525,000 4 3 2080
16624 Roosevelt Ave Detached $539,990 2 2 2802
1581 Woodland Terrace Detached $549,000 3 2.5 2072
14555 Sherbrook Pl Detached $549,000 3 2.5 2942
2215 Fernwood Circle Detached $615,000 5 3 2640
3857 Bass Ln Detached $620,000 3 2.5 2608
13413 Auburn Ct Attached $659,000 4 3.5 2721
18000 Westminster Dr Detached $699,900 4 2.5 2679
20 Independence Detached $724,900 4 3 3900
15850 Quarry Rd Detached $775,000 3 1.5 1094
18360 Delenka Ln Detached $899,900 5 3.5 4349
1055 Country Club Rd Detached $988,000 3 2 2908
17492 Redfern Ave Detached $1,099,900 3 2.5 2828
18493 Ray Ridge Dr Detached $1,200,000 4 3.5+.5+.5 4367
19175 East Side Rd Detached $1,395,000 5 4.5 5276
5220 Firwood Rd Detached $1,495,000 3 2.5 2507
13258 Amber Pl Detached $1,649,950 4 4.5 3061
13236 Amber Pl Detached $1,649,950 4 3.5 4254
13214 Amber Pl Detached $1,649,950 4 4.5 3912
1575 Country Commons Detached $1,949,950 3 2 2246
12 Lakeview Blvd Detached $5,495,000 5 4.5 5957

Pending Sales (May 7-13, 2018)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #27 Condo $198,000 2 2 832 36
16250 Pacific Hwy #82 Condo $205,000 1 1 841 8
100 Kerr Pkwy #4 Condo $205,900 2 2 823 2
4000 Carman Dr #50 Condo $249,000 1 1 890 33
750 1st St A12 Condo $297,000 2 2 1350 5
3986 Carman Dr Condo $317,500 2 2.5 1107 55
4442 Thunder Vista Ln Condo $315,000 2 2.5 1829 29
16880 Cortez Ct Detached $395,000 3 2.5 1991 7
5465 Childs Rd Detached $435,000 3 2 1487 23
99 Kingsgate Rd Detached $439,950 2 2 1224 23
4 Summit Ridge Ct Attached $440,000 2 2.5 1576 14
15370 Quarry Rd Detached $489,900 3 1.5 1540 7
14328 Holly Springs Rd Detached $510,000 4 2.5 1939 24
5871 Bonita Rd Detached $539,000 4 3 2406 9
108 Ridgeway Rd Detached $549,000 3 1 1438 12
1483 Woodland Terrace Detached $555,000 4 2.5 2861 147
4144 Sunset Dr Detached $579,000 3 2 2462 5
17288 Tualatin St Detached $598,800 3 2.5 1820 3
14145 Redwood Ct Detached $665,000 4 3 2558 71
1458 Greentree Circle Detached $680,000 4 2.5 2156 17
720 Maple St Detached $685,000 3 2.5 3966 56
5498 Royal Oaks Dr Detached $759,950 4 2.5 2646 3
820 Boca Ratan Dr Detached $760,000 4 3.5 2628 1
19507 35th Ct Detached $849,000 4 3 3590 8
17668 Woodhurst Pl Detached $850,000 4 2.5 4281 72
17503 Cherry Ct Detached $945,000 4 3.5 4267 71
9 1/2 Hillshire Dr Detached $949,950 4 2.5 3735 2
144 Leonard St Detached $1,095,000 4 3.5 3363 26
13529 Streamside Dr Detached $1,100,000 6 4.5 5415 2
4731 Upper Dr Detached $1,149,000 4 2.5 3208 134
1299 Country Commons Detached $1,229,000 4 4.5 3710 13
4267 Westbay Rd Detached $1,400,000 3 3 2025 4
17442 Ridgeview Ln Detached $1,419,000 4 3.5+.5 5063 71
940 Hoodview Ln Detached $2,248,000 4 3.5 4638 107

Sold/Closed (May 7-13, 2018)

Address Type List Price Sold Price Sq Ft CDOM
4000 Carman Dr A11 Condo $249,900 $242,000 869 55
3688 Spring Ln 3D Condo $299,900 $273,250 1,117 96
4324 Woodside Circle Attached $425,000 $425,000 1,216 7
528 2nd St Condo $525,000 $512,000 1567 101
16758 Graef Circle Detached $569,000 $549,000 1295 270
5228 Coventry Ct Detached $565,000 $555,000 2382 13
130 Del Prado St Detached $659,900 $675,000 2419 3
5418 Washington Ct Detached $690,000 $690,000 2074 5
13209 Twin Creek Ct Detached $729,900 $695,000 3021 50
58 Aquinas St Detached $699,900 $710,000 3721 50
17524 Erin Ct Detached $715,000 $720,000 3115 4
4204 Chad Dr Detached $1,025,000 $1,050,000 3930 6
848 Palisades Terrace Detached $1,995,000 $2,075,000 6644 3

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.