Market Activity for Aug 29 to Sept 4, 2011

Even with the Labor Day weekend last week, Lake Oswego saw quite a bit of real estate activity. 15 new listings came onto the market, 14 houses went pending, and 20 houses became closed sales. The high volume of closed sales versus new listings is likely a reflection of people wanting to move in before the start of the school year.

Also interesting, to me, was the percentage of the activity that was condos and attached homes. Condos and attached homes were 33% of the new listings, 57% of the pending sales, and 45% of the closed sales.

Last, I have to point out the 2 closed sales at $1,400,000 and $1,422,500 that sold in just 51 days and 2 days.

These are some rather positive numbers.

See below for further details:

NEWLY LISTED (August 28 to September 4, 2011)

Address Type Price Sq FT BR Baths
47 Eagle Crest Dr #26 Condo $74,900 932 2 1
3 Oswego Summit #3 Condo $124,900 1212 2 2
19221 Redwing Ct Detached $329,500 1374 3 2
4946 Mulholland Dr Attached $389,900 2584 3 2.5
1238 Hemlock St Detached $399,900 1548 3 2
510 2nd St Condo $410,000 1520 2 2.5
4725 Cambridge Ct Attached $425,000 3056 2 2.5
5842 Meadowcreek Ct Detached $449,900 2309 3 2.5
5686 Charles Circle Detached $499,900 3246 4 3
33 Westridge Dr Detached $538,000 3864 5 3.5
1278 Hida A Way Ln Detached $549,000 2632 4 2.5
13354 Twin Creek Ln Detached 579,000 3134 5 2.5
18175 Pilkington Rd Detached $635,000 3164 4 3.5
1495 Woodland Terr Detached $725,000 3960 4 2.5
18202 Bella Terra Dr Detached $1,145,000 3863 4 3.5

PENDING SALES (August 29 to September 4, 2011, 2011)

Address Type Price Sq Ft BR Baths CDOM
12 Crestfield Ct Condo $48,100 552 1 1 50
47 Eagle Crest Dr #3 Condo $56,000 932 2 1 491
58 Galen St Condo $70,000 689 1 1 375
169 Oswego Summit Condo $89,900 1383 2 2 486
215 Cervantes Condo $134,999 1100 2 2 44
23 Wheatherstone Attached $135,000 1692 3 2.5 32
3924 Carman Dr Attached $145,000 1139 2 2.5 363
16443 Inverurie Rd Detached $180,000 1480 4 2 5
191 Oswego Summit #191 Condo $189,000 1506 2 2 115
16546 Bonaire Ave Detached $219,900 1064 3 1 5
1510 Spruce St Detached $269,000 1242 3 2 47
4405 Oakridge Rd Lot 20 Attached $410,160 2004 3 2.5 0
3811 Childs Rd Detached $417,000 2006 3 2.5 101
19330 Riverwood Ln Detached $618,900 3367 4 3.5 0

SOLD (August 29 to September 4, 2011, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
47 Eagle Crest Dr #48 $89,500 $47,900 Condo 696 351
4000 Carmen Dr #101 $119,000 $112,000 Condo 869 5
5225 Jean Rd #307 $165,000 $140,000 Condo 1100 210
5061 Foothills Dr G $199,000 $163,000 Condo 991 272
4316 Botticelli St $209,000 $167,000 Condo 2098 114
4322 Botticelli St $315,000 $230,000 Condo 2043 440
55 Northshore Rd #7 $500,000 $267,500 Condo 1478 1193
5368 Tree St $269,000 $279,000 Detached 1850 121
880 Boca Ratan Dr $399,900 $280,000 Detached 2364 281
2089 Glenmorrie Dr $425,000 $329,500 Detached 1551 412
16 Grouse Terr $395,000 $378,000 Detached 2532 11
4958 Bilford Ln $379,900 $386,000 Detached 1968 3
1677 Laurel St $425,000 $420,000 Detached 2445 117
173 Furnace St $619,900 $505,000 Condo 2220 334
17911 Hillside Dr $569,000 $550,000 Detached 3330 11
554 5th St $699,000 $625,000 Attached 2166 177
4155 Canal Rd $850,000 $750,000 Detached 3736 56
3168 Douglas Circle $899,900 $899,900 Detached 4331 0
17860 Crestline Dr $1,475,000 $1,400,000 Detached 6810 51
17313 Blue Heron Rd $1,495,000 $1,422,500 Detached 3480 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

Open Houses for September 4th, 2011

It sure does feel like a holiday weekend when I see just 4 houses being held open in Lake Oswego this Sunday. Make the most of it and get out to see some houses!

Address Price Bedrooms Baths Open
16890 Cortez Ct $299,500 4 3 2 to 4
19443 Kokanee Ct $405,000 4 2.5 1 to 4
5843 Ridgetop Ct $499,950 4 3 1 to 3
17503 Cherry Ct $799,950 4 3.5 2 to 5

The Gallery Without Walls

People's Choice 2011, "August Trunk"
The community of Lake Oswego loves art in a big way. In 1999 the Arts Council of Lake Oswego was founded as a non-profit to ensure the continuing support of art in the town, and one of their big accomplishments has been the Gallery Without Walls. The Gallery Without Walls consists of sculpture that is loaned to the community for a 2-year period. While it is on display it is offered for sale. At the end of the 2-year period the community votes on their favorite sculpture and the “People’s Choice” sculpture is purchased and added to the city’s permanent collection.

"Vincent" by Keith Jellum
Over the years this has allowed the city to acquire some wonderful art work that is displayed throughout town. There are currently about 60 sculptures that make up the art work on loan as well as the permanent collection. In driving around town, I have been enjoying the 15 new sculptures that were installed in July.

"Zen Beacon" by Thor Myhre
If you would like a tour of the pieces with the aid of a knowledgeable guide, private tours can be arranged by calling the Arts Council at 503.675.3738. You can also get a free phone app for your iphone by going to the Apple App Store and searching for L.O. Art tour. For your Smartphone go to www.artscouncillo.org/tour

And if you love art and want to get involved with the Arts Council, they are always looking for volunteers. Please call Cheryl Brock at 503.675.3738.

To view the permanent collection, click here.

To view the “People’s Choice” collection, click here.

"Jazz Drummer" by Mary Ann Baker
I really do believe that art enriches our lives in both subtle and profound ways. Even on one of those more difficult days, a piece of art will bring a smile to my face. And on glorious days, it just makes the day all the more enjoyable. I love art. I am so happy to live in a community that shares that love.

Market Activity for August 15-21, 2011

Last week 13 homes were put onto the market for sale in Lake Oswego, 10 homes accepted offers and became pending, and 12 homes closed escrow to be fully sold.
See below for further details:

NEWLY LISTED (August 15-21, 2011)

Address Type Price Sq FT BR Baths
4390 Sunset Dr Detached $197,500 942 3 1
839 F Ave Detached $240,000 1516 3 1
5139 Tualata Ln Detached $257,900 1524 3 2
5051 Tualata Ln Detached $369,900 1591 4 2
4403 Oakridge Rd Lot 21 Attached $399,900 2004 3 2.5
1193 Troon Rd Detached $415,000 2558 3 2.5
15200 Lily Bay Ct Detached $488,000 3260 4 2.5
17930 Meadowlark Ln Detached $525,000 3300 4 4
48 Becket St Detached $525,000 2485 3 2.5
18009 Braeden Ct Detached $639,000 3224 4 2.5
2941 Westview Circle Detached $689,000 3075 5 2.5
15468 Boones Way Detached 749,000 2425 4 2.5
1647 Englewood Dr Detached $1,595,000 4101 4 5

PENDING SALES (August 15-21, 2011)

Address Type Price Sq Ft BR Baths CDOM
5225 Jean Rd #307 Condo $156,900 1100 2 2 210
13985 Sundeleaf Dr Detached $279,000 1278 3 2 83
5795 Langford Ln Detached $349,500 1687 2 2 9
17737 Overlook Circle Detached $359,900 2250 4 2.5 65
2360 Greentree Rd Detached $379,900 2211 3 2.5 139
17095 Rebecca Ln Detached $379,900 2350 4 3 84
605 4th St Detached $525,000 1880 4 3 30
17682 Marylbrook Dr Detached $529,900 3799 4 2.5 339
19 Juarez St Detached $550,000 3584 3 2.5 169
3168 Douglas Circle Detached $899,900 4331 4 3.5 0

SOLD (August 15-21, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
322 Cervantes $99,990 $99,900 Condo 832 57
668 McVey Ave #74 $145,000 $145,000 Condo 636 139
5 Britten Ct $235,000 $225,000 Attached 1394 57
1981 Mapleleaf Rd $320,000 $300,000 Detached 2015 38
518 5th St $369,000 $305,000 Detached 1426 150
4398 Glacier Lily St $425,000 $318,500 Detached 2936 127
2825 Vale Ct $417,000 $401,000 Detached 2304 31
18132 Westview Dr $620,000 $500,000 Detached 3871 471
17645 Oak Meadow Ln $510,000 $515,000 Detached 3510 392
5115 Denton Dr $719,000 $665,000 Detached 3069 99
528 7th St $999,999 $950,000 Detached 3678 90
1954 Egan Way $1,050,000 $950,000 Detached 3748 323

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

Open Houses for 8/21/11

Taking advantage of the beautiful weekend, Sunday will be a great day to get out and see any and all of the 31 houses being held open in Lake Oswego. Enjoy!

Address Price Bedrooms Baths Open
5054 Foothills Dr 69E $200,000 3 2 11 to 1
16890 Cortez Ct $299,500 4 3 1 to 4
5880 Rockwood Ct $300,000 3 2 2 to 4
1053 Hallinan St $309,000 3 2.5 1 to 4
2803 Orchard Hill Pl $329,900 3 2.5 12 to 3
1561 Woodland Terr $350,000 3 2.5 1 to 3
14423 Orchard Springs Rd $369,900 3 2.5 1:30 to 4
4750 Auburn Ln $425,000 4 3.5 1 to 4
19521 Dogwood Ct $469,900 5 2.5 10 to 5
19487 Dogwood Ct $479,900 4 3 10 to 5
5530 Bay Creek Dr $499,900 4 2.5 1 to 3
19285 Megly Ct $519,900 5 3 10 to 5
17705 Treetop Ln $525,000 5 3 2 to 4
19333 Dogwood Ct $529,900 5 3 10 to 5
18034 Westview Dr $548,950 4 2.5 12 to 2
19240 Megly Ct $549,900 5 3.5 10 to 5
13615 Knaus Rd $575,000 2 2 1 to 4
5542 Dunmire Dr $579,900 4 2.5 10 to 5
5515 Dunmire Dr $599,900 4 3 10 to 5
5511 Fieldstone Ct $623,950 4 2.5 2:30 to 4:30
13020 Knaus Rd $639,000 3 2.5 2 to 4
15622 Fieldstone Dr $678,950 3 2.5 2:30 to 4:30
14231 Dolph Ct $685,000 4 2 1 to 4
2941 Westview Circle $689,000 5 2.5 1 to 3
14124 Heathrow Ln $725,000 4 3.5 12 to 3
17392 Bergis Farm Dr $799,950 4 3.5+.5 3 to 5
17503 Cherry Ct $799,950 4 3.5 1 to 3
17090 Chapin Way $839,500 3 3 12 to 3
215 Chandler Pl $895,000 3 2.5 1 to 4
18308 Meadowlark Ln $1,425,000 4 3.5+.5+.5 1 to 3

LO Helps the Homeless

One of the perceptions that I work to address here at the blotter is that Lake Oswego is a community of the wealthy and the rich. Yes, we have more than the average number of million dollar houses. But we also have homes that are less expensive and even people who are struggling with homelessness. We are a diverse community with diverse needs.

In 1998 six churches in Lake Oswego formed the Lake Oswego Transitional Shelter Ministry to address homelessness. The first shelter was opened in 2001 at the Lake Oswego United Church of Christ, and a second shelter was opened a few years later at the United Methodist Church. Both shelters are supported by all of the churches involved which also includes Church of Christ, Scientist, Our Lady of the Lake Catholic, Christ Episcopal, Lake Grove Presbyterian, and Our Savior’s Lutheran.

The shelters provide housing to families for 3 to 6 months while they get on their feet after whatever brought them to homelessness. Families are pre-screened by Clackamas County Social Services and the Annie Ross House Outreach Program. They are aided by counselors who help them to find employment and break the cycle of homelessness. Volunteers from the churches involved drop in daily to provide a ride, a listening ear, and when needed, advice.

Over the years that I have lived in Lake Oswego I have known people who struggled to keep food on the table and who lived economically on the edge. This community is not just a community of the wealthy. It really is a cross section of humanity. I am proud that within the community there are programs to aid those in need.

Dianne

Sundeleaf Plaza

The City of Lake Oswego is in the final stages of completing the city’s newest park, Sundeleaf Plaza. The park is centrally located on State Street between the Lake Theatre and Millennium Plaza Park.

Only just a few years ago the lake could not be seen from downtown. In fact, there were no public access points at all. With the construction of Millennium Plaza Park in 2000, and now Sundeleaf Plaza in 2011, the lake is accessible to the public and views of the lake can be enjoyed by those passing through town on Hwy 43.

The plaza is named in honor of Richard Sundeleaf, a prominent Oregon Architect. Mr. Sundeleaf lived in Lake Oswego for a number of years and 9 homes that he built are listed on the City of Lake Oswego’s landmark designation list, including his own home on Phantom Bluff.

Mr. Sundeleaf also built a number of commercial buildings in Lake Oswego including the Lakewood Center, the Lake House Restaurant, the Lake Theatre, and the Murphy real estate building (currrently home to Starbuck’s). His style combined Arts and Crafts with Tudor to create a charming style that had a huge influence on the “village” atmosphere so prominent in Lake Oswego.

The new plaza has views of Lakewood Bay, and a lakeside promenade. The Lake Theatre next door is remodeling to allow for lakeside dining and use of an outdoor fireplace that faces the plaza.

This plaza is a great addition to the many outdoor spaces to be enjoyed in Lake Oswego. It’s another great reason that Lake Oswego stands out as a wonderful community to live in.

What’s in a Name?

When Linda and I were figuring out what to name this blog we did quite a bit of brain storming. We considered things like “Around the Lake” and “Lake Oswego Real Estate Blog”. They just seemed so generic. Linda was the one with the creative touch. She suggested naming our blog after the ever popular police blotter in the Lake Oswego Review.

Why? Well, if you know LO, you know that it is known for it’s low crime rate and that the police department has a 100% response policy. You will not get a form mailed to you to report a stolen wallet, you’ll get an officer in a patrol car: 100% of the time. And this means that when the police departments weekly reports are published in the LO Review, you read some pretty funny stuff.

Here is a sampling of recently published police reports from the Police Blotter in the Lake Oswego Review:

6/3/11 7:26 pm. A yellow lab wearing an Oregon Ducks collar and tag was easy to identify and was reunited with its owner.

6/4/11 9:04pm. A man thought to be bleeding had actually spilled ravioli all over himself.

6/6/11 2:58pm. A mama duck and her little duckies kept waddling into Highway 43. An officer shooed them into some bushes.

6/28/11 7:34am. In a case of run-by catsup throwing, an unknown suspect threw a catsup mixture on a car on Brookhurst Drive. Clues include catsup packages, a bottle, and a comb.

6/29/11 10:17am. A man drove down Bryant in a golf cart, accompanied by kids he just picked up from Westridge School.

7/3/11 1:10pm. A young child was interrupted in its rough treatment of some kittens, then was lectured by the father.

7/3/11 5:03pm. A swarm of bees got inside the church at Our Lady of the Lake.

7/5/11 6:12pm. A mysterious female beagle wearing a red collar was brought back to its owner by an alert neighbor. The beagle’s return was greeted with mixed feelings.

7/5/11 10:37pm. Four teenaged juveniles were getting out of a vehicle on Kilchurn Avenue and slamming their bodies against houses. Kicks just keep getting harder to find.

7/10/11 8:53pm. People were worried about their friend not answering her calls until she revealed she had dropped her phone into a pool.

Yep, that’s the sort of stuff the the police in Lake Oswego respond to. The blotter in the review is widely red and chuckled about. Linda and I feel it is truly unique to Lake Oswego and that those who live here would immediately recognize the reference in the name of our blog.

We’ve been writing this blog for a couple of years now. It brings us both a lot of satisfaction. Thank you for reading and following the real estate scene here in Lake Oswego with Linda and myself.
Dianne

Last week in Lake Oswego there were 20 new listings, 14 houses that went sale pending, and 11 sales that closed.

NEWLY LISTED (July 11-17, 2011)

Address Type Price Sq FT BR Baths
12 Crestfield Ct Condo $50,600 552 1 1
86 Kingsgate Rd F103 Condo $70,000 849 2 2
4 Touchstone $150 Condo $119,500 984 2 2
1716 Aspen Ct Detached $249,900 1528 3 2
1510 Spruce St Detached $269,000 1242 3 2
29 Del Prado St Detached $384,900 2972 4 2
16 Grouse Ter Detached $395,000 2532 3 2.5
19061 Indian Springs Detached $397,900 2341 4 3
18180 Pioneer Ct Detached $405,000 2380 4 `2.5
18927 Kristi Way Detached $424,000 2943 4 2
1872 Kilkenny Dr Detached $424,900 2748 4 3
8 Camelot Ct Detached 449,900 3084 `5 3
5206 Royal Oaks Detached $449,900 2801 5 3.5
45 Morningview Circle Detached $475,000 2505 3 2.5
2091 Summit Dr Detached $475,000 2598 2 2.5
4729 Cambridge Ct Detached $699,000 3056 2 3.5
5604 Grand Oaks Dr Detached $719,000 3676 5 3
17900 Greenbluff Dr Detached $850,000 4210 4 3.5
2348 Oswego Glen Ct Detached $949,900 3848 4 3.5
17951 Meadowlark Ln Detached $1,100,000 5065 4 3.5+.5

PENDING SALES (July 11-17, 2011)

Address Type Price Sq Ft BR Baths CDOM
322 Cervantes Cir Condo $99,900 832 2 1 59
16250 Pacific Hwy #58 Condo $108,000 1305 2 1 6
17635 Demar Way Detached $179,900 1488 3 2 136
5052 Foothills Dr E Condo $200,000 1370 2 2 18
17 Hidalgo St Detached $349,000 3428 4 3.5
3755 Windfield Loop Detached $349,900 1561 2 2 3
4398 Glacier Lily St Detached $350,000 2936 4 2.5 127
4181 Chapman Way Detached $355,000 1808 3 2 18
14204 Kimberly Cir Detached $498,800 2904 3 3.5 13
18132 Westview Dr Detached $500,000 3871 4 3.5 471
5115 Denton Dr Detached $679,000 3069 4 2.5 99
324 9th St Detached $797,750 2743 4 2.5 173
1335 Chandler Rd Detached $1,249,000 3988 4 2.5 438
13961 Knaus Rd Detached $1,750,000 6614 4 4.5+.5 583

SOLD (July 11-17, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
335 Lake Bay Ct $337,000 $308,000 Detached 968 44
1051 Timberline Dr $399,950 $390,000 Detached 2422 21
187 Furnace St $569,000 $435,000 Condo 1927 67
1119 Oak St $524,900 $460,000 Detached 2123 283
2337 Hillside Ln $579,900 $579,900 Detached 4440 0
573 2nd St #308 $874,000 $635,000 Condo 1748 504
1872 Palisades Terr $699,000 $646,836 Detached 4744 211
17610 Brookhurst Dr $729,000 $660,000 Detached 4160 37
17288 Lowenburg Ter $799,900 $710,000 Detached 3467 528
17471 Cardinal Dr $899,900 $890,000 Detached 3181 178
17590 Kelok Rd $1,325,000 $1,325,000 Detached 5650 11

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

Open Houses for July 17, 2011

It’s going to be a busy Sunday for open houses with 29 houses on tour. Enjoy!

Address Price Bedrooms Baths Open
1400 Bonniebrae Dr $130,000 2 1 1 to 3
2089 Glenmorrie Dr $339,000 2 2 2 to 4
18715 Indian Creek Dr $339,900 2 2 1 to 3
26 Briarwood Rd $349,000 4 2.5+.5 1 to 3
755 5th St $349,000 2 1 1 to 3
5755 Windfield Loop $349,900 2 2 11 to 1
2701 Glen Haven Rd $375,000 2 2 2 to 4
2360 Greentree Rd $379,900 3 2.5 11:30 to 1:30
42 Northview Ct $400,000 3 3.5 1 to 3
19443 Kokanee Ct $449,000 4 2.5 1 to 4
13020 Princeton Ct $457,000 4 2.5 1 to 3
12 Scarborough Dr $464,900 4 2.5 1 to 3
19521 Dogwood Ct $469,900 5 2.5 10 to 5
2091 Summit Dr $475,000 2 2.5 1 to 4
19487 Dogwood Ct $479,900 4 3 10 to 5
5843 Ridgetop Ct $499,950 4 3 3 to 5
19333 Dogwood Ct $529,900 5 3 10 to 5
19285 Megly Ct $539,900 5 3 10 to 5
19 Juarez St $550,000 3 2.5 11 to 4
19240 Megly Ct $559,900 5 3.5 10 to 5
5515 Dunmire Dr $614,900 4 3 10 to 5
919 Lake Shore Rd $625,000 3 2 12 to 3
17997 Braeden Ct $629,800 3 3 1 to 4
5511 Fieldstone Ct $638,950 4 2.5 12 to 2
5533 Fieldstone Ct $648,950 4 2.5 12 to 2
15622 Fieldstone Dr $688,950 3 2.5 12 to 2
4076 Orchard Dr $700,000 4 3.5 2 to 4
16827 Scott Ct $799,000 4 3.5 2 to 4
4160 Lakeview Blvd $995,000 4 4.5 1:30 to 4