Author: Dianne Gregoire

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A Foreclosure Auction

In all my years of being a Realtor, and through the Great Recession of 2008-2014, I have never attended a foreclosure auction. That is, until this morning. It was pretty interesting.

I attended because of the circumstances of a friend. This is also a bit of a cautionary tale about the pitfalls of selling by owner and not using a Realtor. Prior to meeting me, this friend sold a condo here in Lake Oswego by owner. At the closing table, literally as she and her husband were signing the documents, it appeared on their settlement statement a charge to the Home Owner’s Association in excess of $20,000 for a special assessment. This should have been found out WAY before getting to the closing table. A good Realtor would have addressed this before even taking the listing. In any case, they were motivated to close on time and so agreed to take a promissory note from the buyer for the amount of the assessment with the agreement that the buyer would make payments to them to pay it back. The buyer failed to make the payments. She also failed to make the payments to her mortgage company and this condo was auctioned at the Clackamas County Courthouse this morning. My friend and I were both curious about the proceeding and so went to the auction.

I had heard it happens on the Courthouse steps. It’s snowing this morning and that may explain why it happened in the foyer of the Courthouse, just inside the front door. It’s so bizarre! People are coming and going and walking right through the proceedings.

We got there early and a small group of about 12 people gathered in wait. At precisely 10am a court clerk wheeled a small cart out into the hall with a sign that read “Sheriff’s Auction of Foreclosure”. She had a stack of 5 small files, one for each property being auctioned. She asked if any one wanted to register. Most of those gathered did. They approached the cart and pulled out cashier’s checks to show that they had certified funds to pay cash on the spot for the properties that they intended to bid on. Then the auction began.

It went really fast. 4 of the 5 properties received no bid and went to the bank who’s court proceeds of foreclosure seemed to also work as their bid on the properties. One house in West Linn was the deal of the day. It sold with one bid for $131,300, not to the bank that held the mortgage, but to a guy in a sweater and blue jeans who is probably an investor.

There was something very old West about the experience.

The guy who got the house in West Linn is taking a big risk. You have to have cash on the spot and you usually don’t get the opportunity to do much in the way of inspections. But at $131,300 the risk is pretty low as an average little house in West Linn, even talking the cheapest part of the market, is probably worth at least $275,000. I think the odds are good that the buyer will make out just fine.

It was an interesting experience that I felt like sharing.

Don’t hesitate to call or comment if you have any questions.
Dianne

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Market Activity Feb 12-18, 2019

Last week in Lake Oswego there were 19 new listings, 20 properties that went into pending status, and 9 sales that sold/closed. I have to take note of the pending sale at 16835 Greenbrier Rd. Yes, Lake Oswego has expensive luxury homes and a few sell every week, but this house, with 8852 square feet on the main lake sold in one day. ONE DAY! That is remarkable. The high-end market is booming.

Following is the breakdown for you according to RMLS:

New on the Market (Feb 12-18, 2018)

Address Type Price BR Baths Sq Ft
47 Eagle Crest Dr #11 Condo $180,000 2 1 932
199 Oswego Summit #199 Condo $194,000 2 2 1506
4000 Carman Dr A11 Condo $249,900 2 2 869
18440 Sandpiper Circle Detached $350,000 3 2 1447
6 Britten Ct Attached $399,950 2 1.5 1317
13 Bloch Terrace Attached $415,000 3 2.5 1972
18425 Woodside Circle Attached $539,000 3 3 2600
1660 Woodland Terrace Detached $566,500 4 3 2728
1714 Greentree Rd Detached $615,000 4 3 3110
4690 Auburn Ln Townhouse $673,000 4 4.5 2750
3088 Rosemary Ln Detached $719,000 4 2.5 3233
18462 Anduin Terrace Detached $725,000 4 2.5 2982
5616 Southwood Dr Detached $781,500 5 2.5 3043
1121 Devon Ln Detached $849,900 6 3 2968
16470 Phantom Bluff Ct Detached $925,000 5 3 2783
937 F Ave Detached $1,219,900 5 3 2736
18426 Sandpiper Way Detached $535,000 4 3 1884
800 Terrace Dr Detached $1,675,000 5 4.5 5339
1160 Northshore Rd Detached $2,498,000 2 2.5 2794

Pending Sales (Feb 12-18, 2018)

Address Type Price BR Baths Sq Ft CDOM
160 Oswego Summit Condo $199,000 2 2 1383 23
45 Oswego Summit Condo $199,900-$224,876 1 1 764 13
200 Cervantes Condo $225,000 3 1.5 1138 11
4077 Jefferson Pkwy Condo $329,000 2 2.5 1462 218
1776 Bonniebrae Dr Townhouse $331,000 1525 2 2 17
5058 Foothills Dr A Condo $364,500 2 2 1252 86
18179 Pilkington Rd Detached $395,000 3 2 1290 266
15 Del Prado St Detached $520,000 4 2.5 2180 3
14595 Sherbrook Pl Detached $549,900 3 2 2028 78
683 9th St Detached $575,000 3 2 1396 4
25 Touchstone Detached $599,000 4 3 2194 2
17720 Overlook Circle Detached $615,000 4 2.5 3400 12
19 Westridge Dr Detached $624,800 4 2.5 3711 30
5693 Victoria Ct Detached $790,000 4 2.5 3540 43
1898 Oak Knoll Ct Detached $850,000 4 3 3102 184
282 Greenwood Rd Detached $890,000 3 2.5 2530 16
19419 East Side Rd Detached $1,300,000 3 2.5 4682 4
16250 Pacific Hwy #60 Condo $249,900 2 2 1305 34
16737 Maple Circle Detached $1,350,000 3 2.5 1633 4
16835 Greenbrier Rd Detached $5,950,000 6 5.5+.5+.5 8852 1

Sold/Closed (Feb 12-18, 2018)

Address Type List Price Sold Price Sq Ft CDOM
200 Burnham Rd #304 Condo $267,900 $225,000 1305 144
154 Oswego Summit Condo $274,500 $255,000 1,506 117
19136 Pilkington Rd Detached $389,900 $378,000 1,260 6
4340 Beasley Way Detached $409,900 $383,000 1384 13
1232 Cornell St Detached $569,000 $585,000 1647 4
385 Livingood Ln Detached $610,000 $600,000 2083 8
13300 Fielding Rd Detached $850,000 $900,000 2865 56
1968 Cheryl Ct Detached $1,399,000 $1,300,000 6153 368
2160 Childs Rd Detached $1,795,000 $1,535,000 3695 152

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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The Internet House Hunt

The Internet is the single biggest change that I have seen happen to real estate in my 30 year career. I go back to the days of the massive catalogs that were published every two weeks and distributed to Realtors. Just think if it, every two weeks. By the time I received it, they were already outdated by today’s standards. I then experienced the data base being available in html. No photos, very cryptic, but at least it was current. Then our local multiple listing service made the big jump to a full fledged website, with photos! The RMLS in Oregon was the first full-scale Internet MLS in the country, or at least that is what I recall hearing.

Today we take all of that for granted. If you are looking to buy a house, that is what you do with your free time at work, at home, waiting on an appointment. We do it in the palm of our hand. It truly is remarkable.

It has completely changed the way that I show houses. Now my clients tell me what they want to see. I do still do property searches, daily, for my clients, but I then send them a link so that they can approve or disapprove of what I find. They also send me what they are finding and I put that onto our agenda. I no longer waste their time by trying to figure out what on the market will suit their needs. It did work the old way, but the new way is so much better!

That leads me to today’s topic, on-line websites where we all peruse the inventory.

I don’t have a favorite, but I do compare them. They can have wildly divergent opinions of value. I like to compare zillow, trulia, realtor.com, and redfin. I do this when I am doing a property analysis mostly because I know that the public is doing it and I need to see what they are seeing. I honestly don’t find one sight any better than the other. I do, however, have an opinion about their accuracy.

All of these websites base their valuations on statistical analysis based upon the public record. It is public record what other houses have sold for in the area with information on the year built, the size of the home, the type of roof, etc. However, the public record is often wrong. How this happens is a bit of a mystery. Sometimes it likely goes back to the difference between approval of building permits and changes made during construction. If the data isn’t updated in the tax assessors office, it stays out of the readily available public record. An easy example would be a 1920’s bungalow with 2 bedrooms and 1 bath that then had a second story attic turned into 2 more bedrooms. This is now a 4 bedroom house, but the tax record may still say it is 2 bedrooms. The bottom line is that the public record is not always accurate.

Additionally, the public record has no knowledge of condition of the property. Making it easy, let’s say there is a subdivision of 100 nearly identical houses that were built in 1998. Most are likely in average condition having been maintained with new carpet every 10 years and perhaps some new counter tops. Public record won’t know that a cat lady lived in the house and neglected to vacuum for the last 20 years. It also won’t know that one lucky couple won the lottery and put is subzero refrigerator, custom in-lay wood floors, and hand crafted plaster walls. The tax record does not know one is the epitome of luxury and one is one match away from an insurance claim.

The bottom line is that the tools on-line are remarkable, but you should take the values that are posted on line with a grain of salt. Ultimately you still need to get inside to see the house and the house still needs to be properly priced when listed for sale.

I hope you find this helpful,
Dianne

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Market Activity Jan 29-Feb 4, 2018

Pending sales are currently out pacing new listings. Inventory is sorely needed so if you are thinking about selling your Lake Oswego home, the time is ripe! Last we in LO we had 10 houses come onto the market, 15 go into pending status, and 11 properties that closed escrow.

Following is the breakdown for you according to RMLS:

New on the Market (Jan 29-Feb 4, 2018)

Address Type Price BR Baths Sq Ft
1776 Bonniebrae Dr Townhouse $331,000 2 2 1525
578 2nd St Condo $499,000 2 2.5 1302
1413 Oak St Detached $600,000 3 3 2424
17720 Overlook Circle Detached $615,000 4 2.5 3400
282 Greenwood Rd Detached $890,000 3 2.5 2530
13978 Westcott Ct Detached $985,000 4 3 3267
504 8th St Detached $1,075,000 4 3 2858
2057 Summit Dr Detached $1,279,000 4 3.5 4694
2735 Glen Eagles Rd Detached $1,379,900 4 3.5 2938
1093 Chandler Rd Detached $2,200,000 5 4.5 5331

Pending Sales (Jan 29-Feb 4, 2018)

Address Type Price BR Baths Sq Ft CDOM
17570 Hill Way Detached $479,000 3 2 1378 5
1232 Cornell St Detached $569,000 3 2 1647 4
1601 Woodland Terrace Detached $599,000 3 3 2594 126
5545 Kilchurn Ave Detached $660,000 3 2 2559 18
13283 Fox Run Detached $724,900 3 2.5 2744 10
802 Clara Ct Detached $769,000 4 3 2857 54
17421 Brookhurst Dr Detached $779,000 4 3.5 3756 10
18840 Hill Top Rd Detached $899,999 3 3.5 4286 499
15620 Village Dr Detached $949,000 4 2.5 3324 28
1555 Country Commons Detached $995,000 4 2.5 4191 273
625 Carrera Ln Detached $998,000 4 33.5 5288 76
4136 Casey Ct Detached $999,000 5 3.5 4070 1
18171 Bryant Rd Detached $1,198,000 3 2.5 2984 201
3920 Upper Dr Detached $1,199,000 4 3.5 3800 127
1923 Mapleleaf Ct Detached $1,395,000 3 2.5 3190 253

Sold/Closed (Jan 29-Feb 4, 2018)

Address Type List Price Sold Price Sq Ft CDOM
4 Touchstone #93 Condo $224,900 $220,000 1351 17
3433 McNary Pkwy #604 Attached $269,000 $275,000 1,136 7
5225 Jean Rd #507 Condo $289,900 $279,900 1,400 121
1470 Boca Ratan Dr Townhouse $360,000 $360,000 1867 0
16890 Cortez Ct Detached $469,000 $460,000 2016 78
520 2nd St Condo $499,000 $495,000 1520 24
5524 Langford Ln Detached $570,000 $530,000 2038 96
1661 Woodland Ter Detached $625,000 $610,000 3178 32
8 Morningview Ln Detached $645,000 $635,000 3277 98
2155 Ridgewood Rd Detached $775,000 $760,000 3454 39
920 Atwood Rd Detached $1,995,000 $2,295,440 4851 165

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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Lake Oswego Reads 2018

This is the 12th year for Lake Oswego reads and this year’s chosen book is Good Morning Midnight.

The concept behind Lake Oswego Reads is the encouragement for everyone in the city, including the students at both Lake Oswego High School and Lakeridge High School, to read the same book at the same time. The event kicked off in January when the local library gave out 800 free copies of the book. The month of February is filled with events that highlight the book and the various topics that the book inspires.

Good Morning Midnight was written by Lily Brooks-Dalton. It tells the story of the end of the world in which two people, an astronomer in the Arctic, and an astronaut returning to Earth from Jupiter, find themselves as the only people left alive. The book explores the themes of loneliness, connection, endurance, regret, and the search for meaning and hope. As the story evolves, the two main characters lives become connected.

It’s a real challenge for the committee who selects the annual book because it needs to be a story that will appeal to many age levels and be compelling enough to really engage the community. I have read 7 of the previous 11 books and I have never been disappointed.

The February events include a month long art display that can be found at the library, city hall, Chrisman Picture Frames, and the Lakewood Center for the arts. In addition there will be educational talks by experts such as Dr Andrew Fountain, a Professor of Geology at PSU who will be speaking about glaciers, and Dr Karyn Rodes, a research biologist from the Alaska Science Center, who will be speaking about polar bears. There are several set dates for discussion groups and the big highlight will be when the author speaks on February 13th. For a full list of events, click here. All of the events are free.

Any time is a good time to crack open a good book, and that is especially so in February here in LO.
Happy reading, Dianne

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Market Activity Jan 15-21, 2018

Last week Lake Oswego enjoyed 15 new listings, 16 pending sales, and 14 sold/closed properties.

Following is the breakdown for you according to RMLS:

New on the Market (Jan 15-21, 2018)

Address Type Price BR Baths Sq Ft
103 Oswego Summit Condo $199,900 2 1.5 1116
4 Touchstone #62 Condo $224,900 3 2.5 1351
4 Touchstone #74 Condo $229,000 3 2.5 1351
4801 Jean Rd Detached $650,000 6 6.5 3400
13283 Fox Run Detached $724,900 3 2.5 2744
19 Hidalgo Detached $725,000 4 3.5 4500
16586 Phantom Bluff Ct Detached $1,250,000 3 2.5 2571
554 4th St Townhouse $1,395,000 4 4.5+.5 5576
560 4th St Townhouse $1,395,000 4 4.5 3186
548 5th St Townhouse $1,395,000 3 4.5 3186
566 4th St Townhouse $1,395,000 4 4.5+.5 3376
572 4th St Townhouse $1,495,000 3 4.5 3364
542 4th St Townhouse $1,495,000 4 4.5+.5 3376
3330 Cedar Ct Detached $1,612,500 4 3.5 4467
16826 Alder Circle Detached $1,795,000 3 3 2363

Pending Sales (Jan 15-21, 2018)

Address Type Price BR Baths Sq Ft CDOM
133 Oswego Summit Condo $199,900 1 1 923 4
4000 Carman Dr F90 Condo $205,000 2 2 834 9
4 Touchstone #148 Condo $214,900 3 2.4 1351 67
73 Galen St Condo $217,500 2 2 995 100
61 Oswego Summit Condo $219,900 2 2 1212 210
19136 Pilkington Rd Detached $389,900 3 1.5 1260 6
5720 Kenny St Detached $410,000 3 2 1416 88
16011 Lake Forest Blvd Detached $425,000 3 1.5 1360 37
4841 Dawn St Detached $489,000 3 2 1550 4
17280 Westview Dr Detached $529,900 3 3 2324 74
937 Oak St Detached $675,000 4 3 2921 110
3242 Glenmorrie Dr Detached $979,900 3 2.5 3146 88
1579 Bay View Ln Detached $988,000 5 3 4730 182
2160 Childs Rd Detached $1,725,000 4 2.5 3695 152
1500 Ridgecrest Dr Detached $1,797,000 5 5 4817 307
1500 Ridgecrest Dr Detached $3,550,000 4 4.5+.5 5050 307

Sold/Closed (Jan 15-21, 2018.)

Address Type List Price Sold Price Sq Ft CDOM
5092 Galen St Detached $424,900 $403,650 1178 3
918 Lake Front Rd Detached $455,000 $455,000 921 3
2442 Palisades Crest Dr Detached $599,900 $555,000 2,707 207
5110 Rosewood St Detached $624,900 $593,000 2464 106
17585 Treetop Way Detached $779,000 $650,000 2422 74
643 Ash St Detached $674,900 $650,000 2200 3
5418 Washington Ct Detached $679,900 $683,228 2074 64
13845 Amberwood Circle Detached $980,000 $780,000 3277 120
2481 Marylshire Ln Detached $768,000 $792,800 4091 241
103 Garibaldi St Detached $949,000 $801,125 3940 240
15543 Village Dr Detached $965,000 $868,000 3036 118
5320 Southwood Dr Detached $915,000 $972,200 3646 123
481 Iron Mountain Blvd Detached $900,000 $887,000 3859 214
1809 Headlee Ln Detached $1,195,000 $1,170,000 4586 41

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 Energy Scores

There are a couple of reasons I feel prompted to talk about home energy scores. First, it’s the middle of January and heating bills are affecting our budgets. Second, the City of Portland’s new requirement for home energy scores went into affect January 1st, 2018. Here in LO we don’t have a requirement for home energy audits to sell a home, but I think what the City of Portland is doing will affect all of the suburbs in the metro area.

A home energy score is an audit done by a licensed and certified professional. It costs about $125 and results in a standardized score of 1 to 10 and also includes an estimation of the energy costs for a particular home. If you live within the city limits of Portland and intend to sell your house, you have got to provide this score to prospective buyers. This is going to make the home energy cost question easy to obtain and to use in comparing homes to buy. I think homes with high scores, meaning very energy efficient, will be in greater demand than homes with low scores. To overcome this, homes with low scores will simply be priced for less to overcome this deficiency. As buyers get used to the availability of this information, I think they will begin to demand similar information outside of the city limits.

With this in mind, I thought it would be helpful to offer you a few simple, and relatively inexpensive ways to save home energy costs. I obtained this list from the Alliance to Save Energy, a National non-profit that was founded in 1977 and brings together professionals from government, business, environmental, and consumer communities. I have limited this list to items you can physically do to your house prior to selling it.

1. Install a programmable thermostat
2. When buying appliances, look for the Energy Star label
3. Install low-flow faucets, shower heads, and toilets
4. Install new, clean air filters
5. Reduce the water heater temperature to 130 degrees
6. Seal off air leaks
7. Insulate attic, walls, and floors.

Alliance also provides some tips for living in the house that will save you money.
1. wash clothes in cold water
2. use window shades to keep the sun out in the summer to cool the house, and to let the sun inside in the winter to heat the house
3. Change light bulbs to be modern halogen incandescent, LED, or CFLs. Notice I don’t recommend these bulbs at the time you are marketing the house. These bulbs often take time to “warm up” and fully illuminate. Unless you leave your lights all on for every showing, these bulbs will not brighten up quickly enough to illuminate a room if it is being shown without the lights already on. You want lots of light when you are marketing your home.

To read the full Alliance recommendations, click here.

A word or two about windows
I am a big fan of architecturally significant and older homes. I think that there is a fine line between updating an older home and ruining an older home. For instance, the beveled glass edges in fine old homes that are often in the living room and dining room of these old homes. What to do? I believe these windows should be preserved. You could consider putting a storm window in front of them, or even just leaving them alone and allowing them to be single pane.

Insulated windows do not provide as much energy savings as is often claimed. The Federal Trade Commission was warned or filed charges against more than a dozen window manufacturers to force them to be truthful in their advertising. Having said that, there is no argument that a double pane window, whether it is via sealed-insulated window, or an old-fashioned storm window, is going to be more energy efficient than a single pane window. Not too mention that single pane windows get condensation on the inside during the winter that can cause water staining and mold. NPR wrote a good article on the subject that you can find by clicking here. The point is, new insulated windows are expensive. If you are on a budget you’ll get a lot more bang for your buck with other measures, like the ones I have listed above.

As always, thanks for reading the blotter.
Dianne

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Market Activity Dec 25, 2017-Jan 7, 2018

Being the first posting of the new year, I am happy to say that things are starting off with a bang. The last 2 weeks have brought 21 new listings onto the market, 19 houses have gone into pending status, and 21 properties that are closed/sold. Most exciting is that 1900 Twin Points has gone pending. This is one of Lake Oswego’s most prestigious homes. It on the lake with it’s own small bay and is known for its Asian inspired blue tile roof. Priced at $6,999,000, it’s been on the market for 535 days. Now the curiosity will be watching to see what the final sales price is.

Following is the breakdown for you according to RMLS:

New on the Market (Dec 25, 2017-Jan 7, 2018)

Address Type Price BR Baths Sq Ft
86 Kingsgate Rd #C202 Condo $175,000 2 2 924
668 McVey Ave #46 Condo $274,900 2 1 863
4462 Thunder Vista Ln Condo $314,000 2 2.5 2040
4340 Beasley Way Detached $409,900 3 1 1384
156 Kingsgate Rd Detached $434,900 2 2 2020
8 Sherwood Ct Detached $629,200 3 3.5 3212
33 Hillshire Dr Detached $699,950 4 2.5 2757
17423 Oak Meadow Ln Detached $749,000 3 2.5 3125
3413 Royce Way Detached $769,000 3 2.5 2753
3106 Rosemary Ln Detached $775,000 3 2.5 2717
5693 Victoria Ct Detached $790,000 4 2.5 3540
160 Iron Mountain Blvd Detached $825,000 4 3 3090
15620 Village Dr Detached $995,000 4 2.5 3324
3144 Glenmorrie Dr Detached $998,900 3 2.5 2582
3100 Westview Ct Detached $1,100,000 4 3.5 3725
4743 Upper Dr Detached $1,175,000 4 2.5 3079
4731 Upper Dr Detached $1,195,000 4 2.5 3208
4749 Upper Dr Detached $1,235,000 4 2.5 3285
4660 Wildwood St Detached $1,349,900 4 4 3709
13615 Westlake Dr Detached $1,350,000 4 4.5 4050
893 Cedar St Detached $1,375,000 4 3.5 3740

Pending Sales (Dec 25, 2017-Jan 7, 2018)

Address Type Price BR Baths Sq Ft CDOM
48 Cervantes Cir 3-C Attached $235,000 2 1.5 1368 4
200 Burnham Rd #304 Condo $239,000 2 2 1305 144
668 McVey Ave #84 Condo $239,900 2 1.5 976 117
1470 Boca Ratan Dr Townhse $360,000 3 2 1867 0
4236 Woodside Circle Attached $395,000 3 2 1524 16
918 Lake Front Rd Detached $455,000 2 1 921 3
4978 Galen St Attached $459,000 2 2.5 1552 78
520 2nd St Condo $499,000 2 1.5+.5 1520 24
17380 Marjorie Ave Detached $509,000 4 2 1816 5
5524 Langford Ln Detached $550,000 2 2 2038 96
21 Masaryk St Detached $585,000 4 2.5 2773 59
3220 Duncan Dr Detached $639,000 4 2.5 3042 188
643 Ash St Detached $674,900 4 2.5 2200 3
13265 Fox Run Detached $689,900 4 2.5 2614 34
5925 Sunbrook Dr Detached $699,000 3 2.5 3160 10
17429 Schalit Way Detached $699,900 4 3.5 2823 150
17184 Carlson Ct Detached $720,000 4 3.5 3318 36
830 Cabana Ln Detached $1,249,000 4 3.5 3029 202
1900 Twin Points Rd Detached $6,999,000 5 3.5+.5 6776 535

Sold/Closed (Dec 25, 2017-Jan 7, 2018)

Address Type List Price Sold Price Sq Ft CDOM
100 Kerr Pkwy #59 Condo $194,900 $189,900 823 24
4085 Jefferson Pkwy Condo $309,900 $303,400 1,302 60
1784 Bonniebrae Attached $339,000 $325,000 1,393 19
16724 Roosevelt Ave Detached $399,900 $401,200 1270 112
668 McVey Ave #61 Condo $475,000 $465,000 992 342
17736 Cardinal Ct Detached $535,000 $535,000 2280 29
14307 Camden Ln Detached $599,900 $545,000 1932 116
804 4th St Detached $575,000 $553,000 1396 6
3854 Tempest Dr Detached $575,000 $568,900 1953 43
1625 Fernwood Dr Detached $629,000 $592,500 2182 82
19180 Indian Creek Ave Detached $599,900 $599,900 2392 7
14377 Camden Ln Detached $679,900 $620,000 2530 141
999 Oxford Dr Detached $679,000 $630,000 3118 93
17040 Summer Pl Detached $639,000 $639,000 3186 71
4725 Firwood Rd Detached $675,000 $695,000 2557 3
555 Atwater Rd Detached $925,000 $775,000 4016 127
812 Country Commons Detached $950,000 $860,000 3740 140
910 A Ave Detached $999,000 $920,000 3324 21
14405 Pfeifer Dr Detached $969,900 $921,500 3853 134
5303 Amberwood Ct Detached $999,999 $985,000 3634 15
17656 Kelok Rd Detached $1,238,000 $1,163,000 3290 275

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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Happy Holidays!

We here at the blotter want to wish you all the best of the season. Merry Christmas, Happy chanukah, Happy Kwanza, and just all good wishes to you and your family, no matter the holiday you are celebrating.

We also want to let you know that we are going to take this week and next to be with our family and so the next post will be the week of January 8th. The market activity report will combine two weeks. Please enjoy the respite, as I know that we will.

We may be taking a break from the blotter, but we are also still busy with real estate. Don’t hesitate to get in touch if you need help or have a real estate related question.

Thank you for reading the blotter. Here’s to a happy, healthy, and prosperous 2018!
Dianne, Linda, and Whitney

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Holiday Lights

I think my favorite part of the holiday season are the lights in the evening. It get’s dark by 5pm. The lights coming on actually gets me excited for the dark evenings. So today I thought I share some photos I took yesterday evening at Millennium Plaza Park.

I also highly recommend driving about to view the neighborhoods at this time of year. Probably the most well-known for light displays is Westlake. Edenberry Dr has been named by Redfin as one of the top 5 streets to view the Christmas lights in the Portland area. Then there is First Addition. The City of Lake Oswego is holding a light contest this year. Homes will be judged this evening starting at 5pm. They are giving a special medallion and a $75 gift certificate to the winning home.

I’m also enamored with the variety of lights that are now available. From the old-fashioned bulbs, to multi-striped icicles that flicker in a digital pattern. It’s lovely.

My thanks to the home owners who make the effort. You make the short days and long nights a pleasure.
Happy Holidays!
Dianne