Hazelia Field’s “shy” dog parkThe 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 drinkPilkington 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 entryThe 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
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.
If there was an encyclopedia for real estate, under “beautiful house” would be 2990 Glen Eagles Rd. I think there are two reasons that this house is a stand-out property. First is the location. The neighborhood is very quiet with very little traffic. Yet it is in the Northwest area of Lake Oswego that is close to Boones Ferry Rd, Kruse Way, Hwy 217 and I-5. Shopping, restaurants and schools are all nearby. Second, it’s on .38 of an acre that backs to a green space. Most newer homes are in newer neighborhoods on lots that are dictated to be small by the zoning. This house is not just one more newer house in a newer neighborhood. It is located in an established older neighborhood of large lots and custom homes.
The house features 4 large bedrooms, 2.5 baths, a great room floor plan, a huge den, and a family room. It’s a total of 3787 square feet. There is a 200 square foot covered deck off of the great room that looks out to the trees and is usable year around. Built in 2010, it is that perfect age where it is still so new and yet the yard is established and the blinds have been put in. The kitchen is amazing! There is a huge cooking island but the real feature is the Jennaire stove. It’s gas with 6 burners plus a pancake griddle. It also has a double oven and a commercial-grade hood. The price is $1,190,000. This house has 4, count them with me, 4 lake easements.
I’ll be holding the house open this Sunday from noon to 2pm. Please come and see it!
Dianne
Doing these market activity reports, I get a sense of the rhythm of the market. Looking at last week’s numbers, it feels like we are really kicking into full gear. In my opinion the market peaks in June with about 35 pending sales per week. Last week we had 25 new listings, 33 pending sales, and 20 closed/sold properties. 33 pending sales is pushing close to those peak numbers. Its exciting and also hectic!
Following is the breakdown for you according to RMLS:
New on the Market (April 16-22, 2018)
Address
Type
Price
BR
Baths
Sq Ft
21 Oswego Summit
Condo
$170,000
1
1
764
4000 Carman Dr A-7
Condo
$214,900
2
2
866
4 Touchstone #77
Condo
$239,000
3
2.5
1351
520 S State St 5B
Condo
$243,000
2
1
914
512 S State St
Condo
$270,000
1
1
829
99 Kingsgate Rd
Detached
$449,950
2
2
1224
5465 Childs Rd
Detached
$450,000
3
2
1487
13850 Verte Ct
Detached
$525,000
3
2
1942
14328 Holly Springs Rd
Detached
$529,000
4
2.5
1939
2814 Overlook Dr
Detached
$595,000
4
2.5
3348
1458 Greentree Circle
Detached
$680,000
4
2.5
2156
663 Carrera Ln
Detached
$749,900
3
2
2197
5575 Suncreek Dr
Detached
$759,000
4
2.5
2958
9 Buckingham Terrace
Detached
$798,000
4
3
2766
3075 Royce Way
Detached
$849,900
4
3.5
3724
2095 Ridge Pointe Dr
Detached
$875,000
3
2.5
3748
252 Greenwood Rd
Detached
$875,000
5
2
3834
691 7th St
Detached
$889,500
2
2
2450
5676 Suncreek Dr
Detached
$949,000
4
3.5
3312
15585 Manchester Dr
Detached
$949,000
4
3
3576
790 Terrace Dr
Detached
$1,195,000
4
2.5
3734
14005 Goodall Rd
Detached
$1,795,000
4
3.5
4886
13705 Knaus Rd
Detached
$1,795,000
4
3.5
5339
1115 Lake Front Rd
Detached
$2,295,000
4
4
4245
919 Westpoint Rd
Detached
$4,500,000
4
4
4995
Pending Sales (April 16-22, 2018)
Address
Type
Price
BR
Baths
Sq Ft
CDOM
125 Oswego Summit
Condo
$180,000
1
1
764
10
147 Oswego Summit #21
Condo
$185,000
2
2
1140
1
199 Oswego Summit
Condo
$194,000
2
2
1506
58
100 Kerr Parkway #27
Condo
$198,000
2
2
832
17
4 Touchstone #68
Condo
$199,900
2
2
984
3
86 Kingsgate #47
Condo
$199,900
2
2
840
4
4 Touchstone #148
Condo
$214,900
3
2.5
1351
159
200 Burnham Rd #203
Condo
$222,000
2
1
1160
18
67 Oswego Summit
Condo
$225,000
2
2
1212
24
4000 Carman Dr #60
Condo
$225,000
2
2
866
13
3433 McNary Parkway
Condo
$229,000
2
2.5
1208
4
48 Eagle Crest Dr 4E
Condo
$305,000
2
2
1489
8
6070 Lakeview Blvd
Detached
$350,000
3
2
1416
5
17132 Rebecca Ln
Detached
$505,505
3
2.5
1763
7
55 Northshore Rd #10
Condo
$519,000
2
2.5
1910
235
4391 Upper Dr
Detached
$529,000
4
2.5
1740
22
17647 Hill Way
Detached
$559,900
3
2
1787
4
4 Westminster Dr
Detached
$585,000
4
3
2142
1
3827 Bass Ln
Detached
$589,000
4
2.5
2302
42
13861 Shireva Ct
Detached
$625,000
4
2.5
2377
5
17960 Ridge Lake Dr
Detached
$750,000
4
2.5
3124
10
852 A Ave
Detached
$768,000
4
2
2362
56
4667 Winthrop Ct
Detached
$769,900
4
2.5
2235
12
1510 Fernwood Dr
Detached
$789,900
5
3
3291
13
2484 Marylshire Ln
Detached
$799,000
4
3.5
4168
3
1565 Pine St
Detached
$950,000
4
2
2830
32
975 Englewood Dr
Detached
$1,049,000
5
3.5
4024
333
1619 Bay View Ln
Detached
$1,175,000
5
3.5
4922
237
1875 Fernwood Dr
Detached
$1,224,900
4
4
3279
74
3166 Stonebridge Way
Detached
$1,295,000
4
2.5
3039
16
490 G Ave
Detached
$1,349,900
3
3.5
2959
0
15567 Village Dr
Detached
$1,695,000
5
4
4934
2
16865 Greenbrier Rd
Detached
$2,595,000
5
5
6104
33
Sold/Closed (April 16-22, 2018)
Address
Type
List Price
Sold Price
Sq Ft
CDOM
4647 Lakeview Blvd D-1
Condo
$179,000
$155,000
753
171
4000 Carman Dr #70
Condo
$237,500
$238,000
974
4
94 Oswego Summit
Condo
$249,000
$240,000
1,140
4
3802 Botticelli St
Condo
$275,000
$280,000
1224
26
5058 Foothills Dr A
Condo
$364,500
$360,000
1252
101
4912 Lower Dr
Detached
$475,000
$469,500
1557
2
536 2nd St
Attached
$499,000
$490,000
1394
3
578 2nd St
Condo
$499,000
$492,000
1361
39
18426 Sandpiper Way
Detached
$535,000
$535,000
1884
5
1714 Meadows Dr
Detached
$539,000
$557,361
1912
5
5687 Bonita Rd
Detached
$589,900
$608,000
2048
9
4344 Snowbrush Ct
Detached
$749,000
$640,000
3255
245
17360 Hunter Ct
Detached
$645,900
$655,000
3272
178
2220 Hillside Dr
Detached
$625,000
$685,000
2201
3
3106 Rosemary Ln
Detached
$775,000
$725,000
2717
75
4198 Glacier Lily St
Detached
$724,900
$725,000
2806
4
17379 Brookhurst Dr
Detached
$735,000
$735,000
3140
3
3305 Cedar Ct
Detached
$1,098,000
$1,098,000
3986
11
13587 Meadowcreek Ln
Detached
$1,195,000
$1,180,000
3200
178
1221 Glenmorrie Dr
Detached
$1,649,000
$1,465,000
4231
205
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.
I hope that as a reader of the Property Blotter you are getting a sense of what makes real estate happen. Linda and I really strive to provide you with data, and also with tips, pointers, and useful information. This week I thought I’d give you just two quick tid bits.
Let’s start with my best advice. In a word, chill. There are so many factors that contribute to the purchase or sale of a home. There is the buyer and the buyer’s Realtor, the seller and the seller’s Realtor, the mortgage broker, the mortgage underwriter, the title company and the escrow officer that represents the title company, the home inspector, and more. In other words, there are lots of people all doing their job to coordinate and come together to make the sale happen. With so many people involved, it doesn’t take much to create a snag. If the underwriter wants an updated tax statement, if the title company discovers an unexpected lien, if the buyer is in transit and air born on a flight to New York, all of these elements are completely normal and can cause a delay. Going into the purchase or sale of a home, know that everyone is doing their best to meet deadlines, but be prepared to be flexible. It simply is the nature of the business that things come up, so my best advice is to take a deep breath and try to remain calm. It will all come together and stressing over it accomplishes nothing useful.
As for my hardest job, it is working on behalf of my client even when it is not intuitively what I think is the best course of action. I work for my client. I know this. Occasionally, not very often mind you but occasionally, I have a client who feels the best course of action is to make a request or exercise an idea that is not something I agree with. This will never, ever happen in regards to something dishonest or illegal, absolutely not, and this is not what I am referring to here. What I am referring to is something perfectly legal and honest, but still something that I would not normally advise. Here is my example. A few years ago I represented a very particular client. It was strong seller’s market where offers were competitive and houses were selling quickly. To buy in this environment requires making the best offer possible. My buyer just did not want to pay one dollar more than necessary. That is understandable, but there are also times when a buyer must step up or they will not get into a home. This buyer simply would not do it. She made offer after offer without success.
I can give advice, and I do, but ultimately my clients decide the best course of action for themselves. My job is to LISTEN and then act upon their desires. And so, with this client, we went through the process of her learning. It took two years. By the time she came to realize that she really did have to make a competitive offer, and not try to negotiate the price, a good deal of time had gone by. Ultimately she ended up spending about 15% more for a house that had gone up in value during the time she was learning about the market. That is just really hard to experience.
So those are my two insights that I wanted to share with you this week. I think it can be summed up by saying that you will benefit by not stressing out during the course of buying or selling, and also by hiring a Realtor who will really listen to you and act on your desires, but also by listening to your Realtor and realizing that they too are offering you good advice that can help your experience go more smoothly and to your benefit.
I love spring! It is absolutely beautiful outside as I write this. Sunny, blue skies, lots of flowers in bloom, this is just a stunning time of year in Lake Oswego.
Along with the beauty of spring, we are in the full throws of the spring market. Last week in Lake Oswego we had 20 homes enter the market, 32 moving into pending status, and 22 sold/closed properties.
Following is the breakdown for you according to RMLS:
New on the Market (April 9-15, 2018)
Address
Type
Price
BR
Baths
Sq Ft
125 Oswego Summit
Condo
$180,000
1
1
764
86 Kingsgate Rd #47
Condo
$199,900
2
2
840
3433 McNary Pkwy
Condo
$229,000
2
2.5
1208
48 Eagle Cresst Dr 4E
Condo
$305,000
2
2
1489
4442 Thunder Vista Ln
Condo
$335,000
2
2.5
1829
6070 Lakeview Blvd
Detached
$350,000
3
2
1416
21 Summit Ridge Ct
Attached
$429,000
2
2.5
1654
5835 Carman Dr
Detached
$449,900
3
2.5
1650
28 Northview Ct
Attached
$574,000
2
3
2092
75 Touchstone
Detached
$700,000
4
2.5
2373
17960 Ridge Lake Dr
Detached
$750,000
4
2.5
3124
10 Morningview Ln
Detached
$775,000
4
3.5
3848
18028 Westminster Dr
Detached
$805,000
4
3.5
4501
15818 Springbrook Ct
Detached
$914,900
3
3
2538
144 Leonard St
Detached
$1,095,000
4
3.5
3363
17312 Bergis Farm Dr
Detached
$1,149,000
4
4.5+.5
4808
13637 Westlake Dr
Detached
$1,350,000
4
4.5
3868
17407 Redfern Ave
Detached
$1,599,950
4
4.5
5206
1210 Chandler Rd
Detached
$3,488,000
6
6.5+.5
7455
4643 Firwood Rd
Detached
$1,099,000
3
2.5
2790
Pending Sales (April 9-15, 2018)
Address
Type
Price
BR
Baths
Sq Ft
CDOM
52 Oswego Summit
Condo
$204,900
1
1
705
15
47 Crestfield Ct
Condo
$205,000
2
1
921
6
200 Cervantes
Condo
$225,000
3
1.5
1138
63
45 Eagle Crest Dr #510
Condo
$246,900
1
1
830
45
4000 Carman Dr A11
Condo
$249,900
2
2
869
55
668 McVey Ave #74
Condo
$285,000
1
1
636
26
16200 Pacific Hwy #7
Condo
$365,000
2
2
1190
13
16909 Tracy Ave
Detached
$439,999
4
2
1499
4
5101 Rosewood St
Detached
$509,900
3
2.5
1736
3
528 2nd St
Condo
$525,000
2
2.5
1567
101
5875 Bonita Rd
Detached
$550,000
5
3.5
2650
199
3300 Southshore Blvd
Detached
$599,000
2
1.5+.5
1062
8
377 Livingood Ln
Detached
$624,000
3
2.5
2409
2
130 Del Prado St
Detached
$659,900
4
3
2419
3
4 Bernini Ct
Detached
$665,000
4
3
3028
10
4051 Virginia Way
Detached
$679,333
3
2
1750
2
2033 Ridgewood Rd
Detached
$699,000
4
2.5
2668
622
2325 Oakhurst Ln
Detached
$780,000
5
2.5
3627
51
754 Oak Meadow Ct
Detached
$839,900
4
2.5
3283
4
18120 Delenka Ln
Detached
$850,000
5
2.5
3157
31
4904 Lower Dr
Detached
$864,900
4
3
2844
3
16805 Old River Dr
Detached
$875,000
3
2
1728
9
13978 Westcott Ct
Detached
$925,000
4
3
3267
73
4305 Upper Dr
Detached
$950,000
5
2.5
3483
191
13507 Streamside Dr
Detached
$999,000
4
3.5
3716
2
832 9th St
Detached
$1,150,000
3
2
2149
5
937 F Ave
Detached
$1,199,900
5
3
2736
57
4688 Upper Dr
Detached
$1,449,000
4
3.5
3962
152
13740 Fielding Rd
Detached
$1,495,000
4
3.5
4471
12
1655 Leslie Ln
Detached
$1,725,000
4
3.5
4805
324
3866 Botticelli St #27
Condo
$286,500
2
1.5
1132
3
668 McVey Ave #64
Condo
$295,000
1
1
636
7
Sold/Closed (April 9-15, 2018)
Address
Type
List Price
Sold Price
Sq Ft
CDOM
3433 McNary Pkwy #405
Condo
$198,000
$200,000
1208
3
18319 Terry Ct
Detached
$350,000
$350,000
1,191
18
93 Kingsgate Rd
Detached
$410,000
$405,000
1,669
427
200 Burnham Rd #211
Condo
$450,000
$440,000
1862
6
4470 Golden Ln
Condo
$459,000
$454,500
2102
3
825 Oak St
Detached
$449,000
$470,000
1350
3
12 Da Vinci St
Detached
$684,000
$490,000
2959
113
1515 Cloverleaf Rd
Detached
$495,000
$495,000
2206
7
19 Westridge Dr
Detached
$624,800
$629,800
3711
30
168834 Cherry Crest Ave
Detached
$649,900
$650,000
2598
2
13171 Sandalwood Ct
Detached
$715,000
$675,000
3325
50
13602 Provincial Hill Way
Detached
$675,000
$675,000
2420
6
3088 Rosemary Ln
Detached
$719,000
$702,500
3233
23
5616 Southwood Dr
Detached
$781,500
$750,000
3043
24
1 Mountain View Ln
Detached
$800,000
$775,000
3352
19
17614 Brookhurst Dr
Detached
$782,500
$796,500
3386
1
4376 Snowbrush Ct
Detached
$899,000
$820,000
4173
49
3920 Upper Dr
Detached
$1,350,000
$1,030,000
3800
127
2735 Glen Eagles Rd
Detached
$1,379,900
$1,330,000
2938
35
149 Pine Valley Rd
Detached
$1,450,000
$1,400,000
3220
6
1144 Bayberry Rd
Detached
$1,449,000
$1,425,000
3523
6
17104 Cedar Rd
Detached
$1,628,800
$1,550,000
3345
163
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.
Heritage ParkTechnically, this post is not about Lake Oswego. It’s about Rivergrove. Rivergrove is at the Southern edge of Lake Oswego, along the Tualatin River. It has it’s own incorporated government with a mayor and a city council. It is a very small area with a population of just 486 people. The mailing addresses for the homes in Rivergrove are Lake Oswego addresses and the children in Rivergrove attend Lake Oswego schools. So while it may not be Lake Oswego, it is pretty darn close.
There is a wonderful park in Rivergrove called Heritage Park, and in this park is something very special, a tree of gratitude. A small black box is next to the tree with weather-proof tags and sharpie pens for writing what you are thankful for onto the tag. Then you simply hang the tag onto the tree. I just love it!
The Gratitude TreeGratitude is known to be a factor in living a happy life. We all have much to be grateful for, even when times are difficult. I think the gratitude tree is wonderful. I hope you will take the time to exercise some gratitude today. You may even find your way to the gratitude tree!
Dianne
As you know, Linda and I share the task of writing our Market Activity Report and I do one every other week. I find it very important as it has me reflecting on trends and allows me to really have a reading of the changes in the market. What I noticed this week is twofold. First, condos are hot. They are selling like crazy. This is probably because they tend to be less expensive and the words less expensive are hard to come by these days. Second, the surge in inventory that typically happens as we get into spring hasn’t happened yet. The volume of new listings this past week was nearly identical to what it was two weeks ago. At the same time, pending sales seem to be ticking up. This is a formula for increasing prices. It’s a great time to sell a house in Lake Oswego!
Last week in Lake Oswego we had 15 homes enter the market, 26 moving into pending status, and 17 sold/closed properties.
Following is the breakdown for you according to RMLS:
New on the Market (March 26-April 1, 2018)
Address
Type
Price
BR
Baths
Sq Ft
52 Oswego Summit
Condo
$204,900
1
1
705
4391 Upper Dr
Detached
$549,000
4
2.5
1740
5835 Ridgetop Ct
Detached
$675,000
4
2.5
2375
58 Aquinas St
Detached
$699,900
5
33
3721
12777 Sierra Vista Dr
Detached
$714,000
4
2.5
3144
17606 Woodhurst Pl
Detached
$789,900
5
3.5
4707
17941 Meadowlark Ln
Detached
$849,000
4
3.5
3905
2420 Palisades Crest Dr
Detached
$929,000
5
2.5
3471
15545 Village Park Ct
Detached
$935,000
4
2.5
2745
5566 Luce Ln
Detached
$990,000
5
3
3088
13613 Provincial Hill Way
Detached
$1,075,000
5
3.5
4327
17224 Greentree Ave
Detached
$1,279,900
4
4
3545
4146 Lakeview Blvd
Detached
$1,500,000
4
3.5
3279
1655 Leslie Ln
Detached
$1,725,000
4
3.5
4805
1955 Highlands Loop
Detached
$1,995,000
4
4.5
4012
Pending Sales (March 26-April 1, 2018)
Address
Type
Price
BR
Baths
Sq Ft
CDOM
32 Oswego Summit
Condo
$169,900
1
1
752
176
4647 Lakeview Blvd D-1
Condo
$179,000
1
1
753
171
199 Oswego Summit
Condo
$194,000
2
2
1506
41
45 Eagle Crest Dr #510
Condo
$246,900
1
1
830
32
4053 Jefferson Pkwy
Condo
$275,000
2
2.5
1462
37
5061 Foothills Dr A
Condo
$309,500
2
2
991
140
6 Britten Ct
Attached
$374,900
2
1.5
1317
46
6243 SW Dawn Ct
Detached
$429,900
3
1.5
1254
5
5861 Benfield Ct
Detached
$449,000
4
2
1557
34
1760 Oak St
Detached
$459,900
5
2
1680
1
17323 Ashley Ct
Attached
$525,000
4
2.5
2117
137
8 Sherwood Ct
Detached
$529,900
3
3.5
3212
93
1660 Woodland Terr
Detached
$538,400
4
3
2728
42
3827 Bass Ln
Detached
$589,000
4
2.5
2302
25
13758 Regency Ct
Detached
$615,000
3
2.5
1986
155
2220 Hillside Dr
Detached
$625,000
3
2.5
2201
3
17915 Ridge Lake Dr
Detached
$650,000
4
3.5
3304
394
343 3rd St
Detached
$685,000
3
3.5
2044
5
16731 Alder Circle
Detached
$699,000
3
2.5
2301
7
5585 Kilchurn Ave
Detached
$724,900
5
2.5
2929
2
706 2nd St
Detached
$1,159,900
4
2.5
2737
173
13587 Meadowcreek Ln
Detached
$1,195,000
4
2.5
3200
178
505 Iron Mountain Blvd
Detached
$1,245,000
5
4
3015
462
1925 Childs Rd
Detached
$1,290,000
5
4.5
5207
125
3914 Edens Edge Dr
Detached
$1,548,000
5
5.5+.5
6635
11
4262 Upper Dr
Detached
$1,590,000
4
3.5
4096
38
Sold/Closed (March 26-April 1, 2018)
Address
Type
List Price
Sold Price
Sq Ft
CDOM
58 Galen St
Condo
$164,000
$159,000
689
18
4 Touchstone #130
Condo
$215,000
$200,000
984
19
86 Oswego Summit
Condo
$225,000
$225,000
1,140
2
200 Burnham Rd #208
Condo
$279,000
$227,500
1320
195
16250 Pacific Hwy #60
Condo
$249,900
$239,900
1305
34
18440 Sandpiper Circle
Detached
$350,000
$325,000
1447
28
16538 Carnegie Ave
Detached
$389,900
$375,000
1182
267
6030 Shakespeare St
Detached
$429,900
$432,000
1056
337
40 Nova Ct
Detached
$519,900
$513,000
2308
15
14595 Sherbrook Pl
Detached
$569,500
$530,000
2028
78
1895 Greentree Rd
Detached
$580,000
$540,000
2861
139
16 El Greco St
Detached
$639,000
$639,000
2826
3
3665 Olson Ct
Detached
$695,000
$660,000
2517
82
4729 Lakeview Blvd
Detached
$679,000
$665,000
2551
75
16034 Inverurie Rd
Detached
$839,900
$865,300
3305
18
1130 Oak Terrace
Detached
$949,000
$922,500
3729
0
14128 Goodall Rd
Detached
$1,090,000
$1,083,000
2960
2
Criteria:Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.
A condominium in Lake OswegoAs prices have increased in the last few years, one of the hottest parts of Lake Oswego’s real estate market has become condos and townhouses. The two terms tend to be used somewhat interchangeably, but there is actually a very big difference between the two and I thought I’d take a moment to explain the difference.
In a condo you are buying the interior walls and everything within the air space that is contained by the interior walls. The exterior walls, the space between the exterior and interior walls, and everything outside of the exterior walls is owned by the home owner’s association. This means that if you own a condo and you get a clog in your toilet, you have to pay for the repair if the clog is in the toilet itself, but as the plumbing for the toilet passes by the interior wall and leaves the condo, the plumbing belongs to the HOA and it becomes their responsibility to repair the clog.
I am making a big generalization here. Every HOA has it’s own by-laws and conditions, covenants, and restrictions, and there may be provisions in these documents that has an exception for something like a toilet clog, but in general the example holds true.
So with a condo, you rely on the home owner’s association to take care of everything outside of the living space within the condo. This includes the attic, the crawlspace below, all of the exterior paint, roof, parking lot, landscaping etc.
Most condominiums have what are called “limited common areas”. These are usually decks and small patios that are for the use of the individual unit owner, but are maintained by the HOA and for which the HOA may enter to do maintenance work.
In a townhouse you not only own the interior space, but you also own the dirt below the home, the crawlspace, and usually the attic as well. If you have a small yard or deck, it is yours and you maintain it. The usual practice in townhouses is that the HOA owns the roof and exterior siding and they maintain those.
This may seem like splitting hairs, but it is most significant when it comes to bank financing. Banks and mortgage companies look at townhouses the same way that they look at stand alone homes. They are financed the same way and are eligible for FHA and VA financing just like regular homes that get mortgages.
Condominiums are not financed like regular homes. They are financed as condominiums with very specific guidelines and restrictions. If a property is a condominium it must be in an approved complex to qualify for either FHA or VA financing. For conventional financing there are also restrictions, although not quite as stringent.
The word townhouse by practice has come to reference more of an architectural style. The public tends to think that a townhouse is attached to its neighbors only on the sides and that it does not have an attached neighbor either above or below. This is a fallacy. Just because it has a style known as a “townhouse” does not mean that it is not, in fact, a condo. So how do you know if a property is a townhouse or a condo? It’s in the legal description of the property. If it’s a condo, it will have a legal description that includes the word “condominium”.
It can all be a bit confusing. Further mixing folks up is the word “attached”. This word has been used in the RMLS data base for decades. It needs to fall out of use! It may mean that the property is attached to another property, but it does not tell you if it’s a townhouse or a condo. In time, I do think it will fall out of use, but in the mean time I hope this little explanation has helped you to understand what is a condo and what is a townhouse.
Our weather may have a few showers, but the sun breaks are beautiful and growing more frequent. Spring truly is spectacular in Oregon, particularly in the Willamette Valley. I also feel that the spring market is in full swing. Well priced homes are selling fast and the inventory remains low. If you are thinking of buying, get pre-qualified, find a good Realtor, and get in the swing of it.
Last week in Lake Oswego we had 14 homes enter the market, 21 moving into pending status, and 17 sold/closed properties.
Following is the breakdown for you according to RMLS:
New on the Market (March 12-18, 2018)
Address
Type
Price
BR
Baths
Sq Ft
68 Greenridge Ct
Townhouse
$479,000
3
2.5
2868
4902 Mulholland Dr
Townhouse
$539,900
3
2.5
2495
304 6th St
Detached
$615,000
1
1
941
16969 Alder Circle
Detached
$734,900
3
2
1534
720 Maple St
Detached
$737,000
3
2.5
3966
18341 Heather Ann Ct
Detached
$849,900
4
3.5
2316
1804 Oak Knoll Ct
Detached
$875,000
4
3
2667
17851 Westview Dr
Detached
$890,000
4
3.5
3433
1565 Pine St
Detached
$950,000
4
2
2830
1190 Bayberry Rd
Detached
$1,159,000
4
2.5
2732
17544 Ridgeview Ln
Detached
$1,378,000
4
3.5
4561
13750 Knaus Rd
Detached
$1,495,000
5
4
4773
3101 Westview Ct
Detached
$1,550,000
4
3.5
4290
16865 Greenbrier Rd
Detached
$2,595,000
5
5
6104
Pending Sales (March 12-18 , 2018)
Address
Type
Price
BR
Baths
Sq Ft
CDOM
4 Touchstone #130
Condo
$215,000
2
2
984
18
86 Oswego Summit
Condo
$225,000
2
2
1140
2
94 Oswego Summit
Condo
$249,000
2
2
1140
4
3844 Botticelli St
Condo
$289,000
2
1.5
1132
5
3986 Carman Dr
Condo
$329,000
2
2.5
1107
3
5051 Foothills Dr C
Condo
$344,900
2
2
991
21
18440 Sandpiper Circle
Detached
$350,000
3
2
1447
28
156 Kingsgate Rd
Detached
$399,900
2
2
2020
68
110 Kingsgate Rd
Detached
$410,000
3
2.5
1669
2
13 Bloch Terr
Attached
$415,000
3
2.5
1972
27
578 2nd St
Condo
$492,000
2
2.5
1361
39
536 2nd St
Attached
$499,000
2
2.5
1394
3
1714 Meadows Dr
Detached
$539,000
3
2
1912
5
313 3rd St
Attached
$679,900
3
3.5
1962
4
17370 Brookhurst Dr
Detached
$729,000
4
2.5
3140
3
13209 Twin Creek Ct
Detached
$729,900
4
2.5
3021
8
5616 Southwood Dr
Detached
$750,000
5
2.5
3043
24
15985 Bonaire Ave
Detached
$900,000
3
3
2910
5
17503 Cherry Ct
Detached
$945,000
4
3.5
4267
13
116 Middlecrest Rd
Detached
$1,075,000
4
3
2545
34
1221 Glenmorrie Dr
Detached
$1,459,000
4
3.5
4231
205
Sold/Closed (March 12-18, 2018)
Address
Type
List Price
Sold Price
Sq Ft
CDOM
160 Oswego Summit
Condo
$199,000
$199,000
1383
23
133 Oswego Summit
Condo
$199,900
$199,900
923
4
4000 Carman Dr F90
Condo
$205,000
$205,000
834
9
668 McVey Ave #46
Condo
$274,900
$251,750
863
49
5225 Jean Rd #510
Condo
$274,900
$274,900
1100
2
17484 Bryant Rd
Detached
$409,000
$412,400
1431
0
17522 Bryant Rd
Detached
$450,000
$452,500
1152
0
17460 Schalit Way
Detached
$569,900
$497,000
2190
174
15 Del Prado St
Detached
$520,000
$520,000
2180
3
4745 Cambridge Ct
Attached
$749,900
$675,000
3171
145
4725 Cambridge Ct
Attached
$799,900
$700,000
2942
130
830 Lake Forest Dr
Detached
$789,000
$722,350
2517
199
17167 Cedar Rd
Detached
$764,900
$745,000
2673
108
1418 Maple St
Detached
$825,000
$775,000
2066
98
16931 Maple Circle
Detached
$1,500,000
$1,500,000
3635
0
13705 Knaus Rd
Detached
$1,848,000
$1,750,000
5339
625
16835 Greenbrier Rd
Detached
$5,950,000
$5,950,000
8852
1
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.
