Author: Linda Rossi

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This Week in Lake Oswego ~ Apr 1-7, 2019

Spring is sprung in Lake Oswego~

Here are my picks for things happening this week!

Mon, Apr 1 2019– 1:00-1:00PM –  American Mah Jongg Practice ~ -Every Monday you’re invited to join the program playing Mah Jongg in groups of 4. This is a game of skill, strategy and calculation and involves a certain degree of chance. ~ Adult Community Center –  Info:  CLICK HERE

Tue, Apr 2, 2019 –  7:00-8:30PM – First Tuesday Music, Featuring: Ronnie Robins/ RR2 Duo ~ Brazilian flavored originals and standards! ~ Lake Oswego Public Library  Info:  CLICK HERE  

Wed, Apr 3, 2019 – 1:00-2:30PM – Supervised Computer lab ~ Every Wednesday you’re invited to Practice, Learn, Get Questions Answered, Download Programs You May Need etc in a fun, helpful environment. –Info:  CLICK HERE     

Thu, Apr 4, 2019 9:00AM-12:00PM – Sculpy Sculpture Camp! ~ Ages 8-12/Repeats every Thurs & Fri and involves building wire and tin foil armatures and covering them with sculpy! ~  CCP, 1060 Chandler Rd: Info & Registration  CLICK HERE

Fri, Apr 5, 2019 1:00-2:00PM – Jottings from 5th and G ~Enthusiastic Writers and Inspired Authors are invited to join and create weekly articles submitted to the Lake Oswego Review! (Monthly 1st Fridays except the month of May)~ Adult Community Center  Info: CLICK HERE

Sat, Apr 6, 2019 – 10:00AM – 4:00PM ~ 39th Annual Trillium Festival & Native Plant Sale! ~ Nature & Plant Lovers rejoice!This is the annual gala for learning and indulging in native species for wildlife habitat and more. Tryon Creek Naturak Area, 11321 SW Terwilliger Blvd.  Learn more about Friends of Tryon Creek HERE. Info on the Festival: CLICK HERE

Sun, Apr 7, 2019 – 1:00PM-3:00PM ~ Iron Mt Park – Stewardship Work Party ~ Time for Spring Cleanup to remove invasive species… and enjoy wandering around in the breathtaking beauty   ; ) Info: CLICK HERE

 

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Market Activity ~ March 18-24, 2019

There are a total of 214 homes for sale in Lake Oswego right now. Last week 21 New properties entered the market, 25 moved to Pending status, and 18 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (March 18-24, 2019)

Address List Price # Beds # Baths Total SF Prop Type
48 EAGLE CREST DR #3B $309,000 2 2 1550 CONDO
5944 BURMA RD $350,000 3 1 1378 DETACHD
34 WHEATHERSTONE $430,000 3 2.1 1692 CONDO
14352 SHERBROOK PL $475,000 3 2.1 1806 DETACHD
125 CONDOLEA DR $475,000 3 3 2186 CONDO
71 KINGSGATE RD $489,900 3 2.1 1727 DETACHD
5371 GREYSTOKE DR $569,000 3 2 1782 DETACHD
1901 MAPLELEAF CT $584,900 4 3 2800 DETACHD
14 NORTHVIEW CT $695,000 4 3.1 3279 ATTACHD
185 FURNACE ST $810,000 2 2.1 1927 CONDO
74 TOUCHSTONE $849,000 6 3.1 4584 DETACHD
55 NORTHSHORE RD #1 $879,000 3 2 2352 CONDO
1961 SUMMIT DR $896,000 3 2.1 3137 DETACHD
5327 CARMAN GROVE LN $949,500 4 3 3125 DETACHD
18409 OLD RIVER DR $969,000 4 3.1 3681 DETACHD
3250 FIR RIDGE RD $1,300,000 4 3.1 3541 DETACHD
3270 FIR RIDGE RD $1,395,000 4 3.1 3872 DETACHD
18320 MEADOWLARK LN $1,799,900 4 4.2 6053 DETACHD
4011 WESTBAY RD $1,895,000 4 3 4518 DETACHD
1976 HIGHLANDS LOOP $1,975,000 4 3.2 4881 DETACHD
19025 HILL TOP RD $2,279,000 5 4.1 5366 DETACHD

PENDING SALES (March 18-24, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
200 BURNHAM RD #303 $230,000 2 1 1199 CONDO 54
526 S STATE ST #5a $279,900 2 1 914 CONDO 8
5225 JEAN RD #104 $288,000 2 2 1400 CONDO 59
192 CERVANTES $289,000 2 1.1 1275 CONDO 10
5053 FOOTHILLS DR #B $329,000 3 2 1252 CONDO 164
19 CONDOLEA DR $514,000 2 2.1 2157 CONDO 4
17620 SYDNI CT $525,000 3 2.1 2182 TOWNHSE 1
15865 BOONES WAY $560,000 3 2 1708 DETACHD 0
1651 LARCH ST $565,000 4 3 2225 DETACHD 14
116 GREENRIDGE CT $575,000 3 3.1 2832 ATTACHD 1
4582 TRILLIUM WOODS $579,900 3 2.1 1927 ATTACHD 131
16835 FERNWOOD DR $580,000 4 2 1952 DETACHD 39
18667 PILKINGTON RD $590,000 4 2.1 2512 DETACHD 19
24 BECKET ST $608,000 4 2.1 2527 DETACHD 16
1038 OAK ST $609,900 4 2 2594 DETACHD 252
737 ASH ST $649,990 4 2 2428 DETACHD 6
5015 PARKHILL ST $775,000 3 3 2628 DETACHD 50
5200 WESTFIELD CT $775,000 4 2.1 3132 DETACHD 4
15 NANSEN SMT $775,000 3 2.1 3098 DETACHD 3
3335 CEDAR CT $975,000 4 3 3800 DETACHD 6
805 Evergreen $1,199,000 5 4 2893 DETACHD 349
951 LAKE FRONT RD $1,498,000 3 2.1 1713 DETACHD 166
1973 CHERYL CT $1,675,000 5 4.1 6436 DETACHD 582
1277 CHANDLER RD $1,998,000 4 3.1 4500 DETACHD 471
420 RIDGEWAY RD $2,695,000 4 4 3505 DETACHD 17

SOLD (March 18-24, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
200 BURNHAM RD #303 $230,000 2 1 1199 CONDO 54
526 S STATE ST #5a $279,900 2 1 914 CONDO 8
5225 JEAN RD #104 $288,000 2 2 1400 CONDO 59
192 CERVANTES $289,000 2 1.1 1275 CONDO 10
5053 FOOTHILLS DR #B $329,000 3 2 1252 CONDO 164
19 CONDOLEA DR $514,000 2 2.1 2157 CONDO 4
17620 SYDNI CT $525,000 3 2.1 2182 TOWNHSE 1
15865 BOONES WAY $560,000 3 2 1708 DETACHD 0
1651 LARCH ST $565,000 4 3 2225 DETACHD 14
116 GREENRIDGE CT $575,000 3 3.1 2832 ATTACHD 1
4582 TRILLIUM WOODS $579,900 3 2.1 1927 ATTACHD 131
16835 FERNWOOD DR $580,000 4 2 1952 DETACHD 39
18667 PILKINGTON RD $590,000 4 2.1 2512 DETACHD 19
24 BECKET ST $608,000 4 2.1 2527 DETACHD 16
1038 OAK ST $609,900 4 2 2594 DETACHD 252
737 ASH ST $649,990 4 2 2428 DETACHD 6
5015 PARKHILL ST $775,000 3 3 2628 DETACHD 50
5200 WESTFIELD CT $775,000 4 2.1 3132 DETACHD 4
15 NANSEN SMT $775,000 3 2.1 3098 DETACHD 3
3335 CEDAR CT $975,000 4 3 3800 DETACHD 6
805 Evergreen $1,199,000 5 4 2893 DETACHD 349
951 LAKE FRONT RD $1,498,000 3 2.1 1713 DETACHD 166
1973 CHERYL CT $1,675,000 5 4.1 6436 DETACHD 582
1277 CHANDLER RD $1,998,000 4 3.1 4500 DETACHD 471
420 RIDGEWAY RD $2,695,000 4 4 3505 DETACHD 17

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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News & Notes ~ February 2019 Numbers

Here is your look at the most recent data for the entire Portland area (Feb 2019) and how Lake Oswego fits in to this picture just below.

According to the RMLS Market Action Report for the Portland Metro Area, February, 2019:

  • There were 2,444 New Listings in February 2019 which was down 3.4%  from February of 2018’s 2,530, and also down  a whopping 19.8% from the previous month/January’s total of 3,048.  ***This was the coolest February since 2014 when the New Listings in Feb were 2,354.
  • At 1,726 February 2019’s Closed Sales were mixed. They cooled  4.4% from February 2018’s 1,806, BUT, rose a substantial 19.0 % from the previous month/Jan 2019’s total of 1,451.
  • February 2019’s Pending Sales (accepted offers), at 2,208 were also mixed: Down 5.5% down from February of 2018’s 2,337, AND, ahead 8.0% from the previous month/Jan 2019’s total of  2,045.
  • The Average Sale Price in February 2019 of $441,100 was basically unchanged/down just slightly ($800.00!) from last year/February 2018’s $441,900, and up from the previous month/Jan 2019’s $435,600 by $5,500.  
  • The “Median” Sale Price (so…the price smack dab in the middle of all sales) in February 2019 of $399,900 was up $14,900.00 from last year/February 2018’s $385,000, and also up about the same, $15,000, from the previous month/Jan 2019’s $384,900.   

Neighborhoods: February’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $427,800              2.5%   (Jan 403,900)
    •                                                     YTD Median: $395,500
  • NE Portland:  $462,400                   3.2%   (Jan 439,500)
    •                                                     YTD Median: $393,300
  • SE Portland:  $404,600                   4.5%   (Jan 390,000)
    •                                                     YTD Median: $359,900
  • Gresham/Troutdale:   $348,400     5.7%   (Jan 349,300)
    •                                                     YTD Median: $349,900
  • Milwaukie/Clackamas:  $413,800  3.0%   (Jan 410,500)
    •                                                     YTD Median: $395,600
  • Oregon City/Canby:   $424,700      7.0%   (Jan 397,100 )
    •                                                     YTD Median: $393,000
  • Lake Oswego/West Linn:$677,000 1.9%   (Jan 664,200)
    •                                                      YTD Median: $547,000
  • West Portland:    $551,000             1.7%   (Jan 589,800)
    •                                                     YTD Median: $525,000
  • NW Wash County:  $504,300          1.3%   (Jan 559,600)
    •                                                      YTD Median: $510,000
  • Beaverton/Aloha:     $413,800       8.6%   (Jan 393,900)
    •                                                     YTD Median: $380,000
  • Tigard/Wilsonville:   $469,400       6.5%   (Jan 440,100)
    •                                                      YTD Median: $435,000
  • Hillsboro/Forest Grove: $379,600  5.0%   (Jan 391,500 )
    •                                                      YTD Median: $369,900

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of February 2019 reported:

    •  317 Active Listings   (Jan 299 )
    •  156 New Listings     (Jan 185)
    •  103 Pending Sales   (Jan 94)
    •   81 Closed Sales      (Jan 82)
    • Average Sale Price for February: $677,000  (Jan $664,200)
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month.  Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
    • 108 Average Days on the Market   (Jan 76)

 

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Market Activity ~ March 4-10, 2019

There are a total of 205 homes for sale in Lake Oswego right now. Last week 20 New properties entered the market, 24 moved to Pending status, and 9 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (March 4-10, 2019)

Address List Price # Beds # Baths Total SF Prop Type
45 EAGLE CREST DR #204 $205,000 1 1 768 CONDO
192 CERVANTES $299,000 2 1.1 1275 CONDO
12884 BOONES FERRY RD $395,000 2 2.1 1182 CONDO
13786 REGENCY CT $560,000 3 2 2045 DETACHD
1651 LARCH ST $565,000 4 3 2225 DETACHD
5301 CHILDS RD $574,900 3 2.1 1783 DETACHD
18667 PILKINGTON RD $600,000 4 2.1 2512 DETACHD
17615 SYDNI CT $625,000 4 2.1 2651 TOWNHSE
18790 BRYANT RD $649,000 3 2.1 2489 DETACHD
24 BECKET ST $649,900 4 2.1 2527 DETACHD
1816 PALISADES LAKE CT $860,000 3 2.1 4598 DETACHD
15780 TWIN FIR RD $899,900 4 2.1 3107 DETACHD
3906 BASS LN $1,349,000 4 3.1 4311 DETACHD
3197 ALBER SPRING CT $1,489,000 4 4.1 4852 DETACHD
2130 WEMBLEY PL $1,498,000 3 3.1 3651 DETACHD
448 COUNTRY CLUB RD $1,549,000 4 3.1 4873 DETACHD
611 RIDGEWAY RD $1,650,000 4 5.1 4463 DETACHD
157 6TH ST $1,695,000 4 3.1 3614 DETACHD
353 G AVE $2,198,000 4 3.1 5399 DETACHD
1120 CRESTLINE CT $2,800,000 5 5.1 6440 DETACHD

PENDING SALES (March 4-10, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
233 CERVANTES / Grnd $199,900 2 1.1 1216 CONDO 107
1349 BONNIEBRAE DR $329,500 3 1.1 1311 TOWNHSE 30
4386 THUNDER VISTA LN $379,900 2 2.1 1980 CONDO 51
12802 BOONES FERRY RD $399,500 3 2.1 1182 CONDO 3
5318 RED LEAF ST $475,000 3 2 1428 DETACHD 5
210 S STATE ST #8 $499,000 3 2.1 1614 CONDO 4
2440 GREENTREE RD $509,900 3 1.1 1850 DETACHD 3
17000 GASSNER LN $519,000 3 2 1832 DETACHD 161
19 WALKING WOODS DR $545,000 3 2 2513 DETACHD 4
14425 HOLLY SPRINGS RD $559,000 4 3 2238 CONDO 61
1508 PINE ST $569,900 4 3 2300 DETACHD 1
6474 FROST ST $599,900 4 2.1 2216 DETACHD 173
4954 MULHOLLAND DR $599,900 3 2.1 2498 ATTACHD 4
4749 BLACK FOREST CT $639,900 4 2.1 2255 DETACHD 3
4 GERSHWIN CT $674,900 4 4 3016 DETACHD 101
17323 LAKE HAVEN DR $725,000 3 2.1 1900 DETACHD 185
11 CELLINI CT $729,000 5 3 3557 DETACHD 5
17890 KELOK RD $769,000 4 2.1 3095 DETACHD 48
30 HILLSHIRE DR $899,500 4 2.1 3887 DETACHD 263
903 ASH ST $999,000 3 2.1 2765 DETACHD 231
3730 RIVERS EDGE DR $1,039,000 4 2.1 3427 DETACHD 21
143 FURNACE ST / Upper $1,150,000 2 2.1 2245 CONDO 245
3101 WESTVIEW CT $1,299,000 4 3.1 4290 DETACHD 359
407 G AVE $1,980,000 4 3.1 4635 DETACHD 1

SOLD (March 4-10, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
200 BURNHAM RD #103 $233,000 $214,000 1 1 800 CONDO 35
163 OSWEGO SMT #163 $251,000 $250,000 2 2 1506 CONDO 14
16790 LAKE FOREST BLVD $349,900 $329,999 2 1 780 DETACHD 128
48 EAGLE CREST DR #5B $349,000 $335,000 3 2 1550 CONDO 17
16880 CORTEZ CT $455,000 $451,000 3 2.1 2313 DETACHD 21
5228 BONITA RD $479,999 $469,000 3 2 1310 DETACHD 166
1654 FIRCREST DR $519,000 $519,000 4 2.1 2346 DETACHD 1
5262 ROSEWOOD ST $650,000 $600,000 3 2 2275 DETACHD 100
3943 TEMPEST DR $749,900 $775,000 4 2.1 3714 DETACHD 4

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

News & Notes ~ January 2019 Numbers

Here is your look at the most recent data for the entire Portland area (Jan 2019) and how Lake Oswego fits in to this picture just below.

According to the RMLS Market Action Report for the Portland Metro Area, January, 2019:

  • There were 3,048 New Listings in January 2019 which was up 22.0% from January of 2018’s 2,486, and more than double the previous month/Dec of 2018’s total of 1,255 .
  • At 1,451 January 2019’s Closed Sales cooled  10.9% from January 2018’s 2,311, and also 21.4 % from the previous month/Dec 2018’s total of 1,846.
  • January 2019’s Pending Sales (accepted offers), at 2,045 are down 11.5% down from January of 2018’s 2,311, and surged ahead 27.9% from the previous month/Dec 2018’s total of  1,599.
  • The Average Sale Price in January 2019 of $435,600 was down slightly/$800.00 from last year/January 2018’s $436,400, and also down a little from the previous month/Dec 2018’s $438,600 by $3,000.  
  • The Median Sale Price in January 2019 of $384,900 was down $5,100.00 from last year/January 2018’s $390,000, and also down the same from the previous month/Dec 2018’s $390,000.   

Neighborhoods: January’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $403,900              2.8%   (Dec 388,700)
    •                                                     YTD Median: $379,500
  • NE Portland:  $439,500                   3.5%   (Dec 450,600)
    •                                                     YTD Median: $370,000
  • SE Portland:  $390,000                   5.5%   (Dec 425,900)
    •                                                     YTD Median: $357,000
  • Gresham/Troutdale:   $349,300     6.5%   (Dec 338,500)
    •                                                     YTD Median: $346,300
  • Milwaukie/Clackamas:  $410,500  3.6%   (Dec 427,500)
    •                                                     YTD Median: $389,900
  • Oregon City/Canby:   $397,100      6.4%   (Dec 428,600 )
    •                                                     YTD Median: $366,500
  • Lake Oswego/West Linn:$664,200 2.3%   (Dec 636,300)
    •                                                      YTD Median: $532,500
  • West Portland:    $589,800             3.1%   (Dec 588,800)
    •                                                     YTD Median: $525,000
  • NW Wash County:  $559,600          1.8%   (Dec 483,400)
    •                                                      YTD Median: $572,500
  • Beaverton/Aloha:     $393,900       8.8%   (Dec 381,600 )
    •                                                     YTD Median: $365,000
  • Tigard/Wilsonville:   $440,100       6.3%   (Dec 459,600 )
    •                                                      YTD Median: $410,000
  • Hillsboro/Forest Grove: $391,500  5.5%   (Dec 382,100 )
    •                                                      YTD Median: $372,500

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of January 2019 reported:

    •  299 Active Listings   (Dec 296 )
    •  185 New Listings     (Dec 115)
    •   94 Pending Sales  (Dec 91)
    •   82 Closed Sales      (Dec 75)
    • Average Sale Price for January: $664,200  (Dec $636,300)
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month.  Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
    •  76 Average Days on the Market   (Dec 76)

 

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Market Activity ~ Feb 18-24, 2019

There are a total of 202 homes for sale in Lake Oswego right now. Last week 12 New properties entered the market, 21 moved to Pending status, and 12 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Feb 18-24, 2019)

Address List Price # Beds # Baths Total SF Prop Type
172 OSWEGO SMT, Main FLr $254,900 2 2 1383 CONDO
4643 LAKEVIEW BLVD/Upper $289,900 2 2 1178 CONDO
12714 BOONES FERRY RD $359,000 3 1 996 DETACHD
2071 BONNIEBRAE DR $379,900 3 2 1611 TOWNHSE
31 LADD ST $450,000 3 1 867 DETACHD
21 LADD ST $495,000 3 1.1 2436 DETACHD
45 DA VINCI ST $729,900 4 3.1 3122 DETACHD
2025 GLENMORRIE LN $780,000 3 2 2652 DETACHD
128 NORTHSHORE RD $897,500 4 3 2695 DETACHD
15672 QUARRY RD $999,000 3 1 1480 DETACHD
29 HILLSHIRE DR $1,150,000 4 2.1 4690 DETACHD
2912 WEMBLEY PARK RD $1,475,000 4 3.2 4389 DETACHD

PENDING SALES (Feb 18-24, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
104 OSWEGO SMT Lower $170,000 1 1 764 CONDO 22
63 OSWEGO SMT #63 $179,900 1 1 1058 CONDO 3
48 EAGLE CREST DR #5C $279,000 2 0.2 1443 CONDO 104
218 RIDGEWAY RD Main $284,000 2 1 914 CONDO 18
210 S STATE ST #2 $395,000 2 1.1 1715 CONDO 10
4514 LOWER DR Lower $409,000 3 2.1 1644 CONDO 12
2745 GREENTREE RD $450,000 2 2 1219 DETACHD 3
732 ELLIS AVE $489,000 3 2 1632 DETACHD 8
13371 PETERS RD $549,900 3 2.1 2340 DETACHD 5
13369 PETERS RD $580,000 4 2.1 2474 DETACHD 131
1359 LARCH ST $650,000 6 3 3168 DETACHD 88
17 WESTRIDGE DR $698,900 4 3.2 3533 DETACHD 34
18034 WESTVIEW DR $699,900 4 2.1 3544 DETACHD 23
1080 UPPER DEVON LN $775,000 3 2.1 2512 DETACHD 5
15545 VILLAGE PARK CT $779,950 4 2.1 2735 DETACHD 24
17644 TREE TOP LN $820,000 4 3.1 4240 DETACHD 17
5328 LOWER DR $824,900 4 2.1 2600 DETACHD 1
1628 LAKE FRONT RD $1,080,000 4 3 2470 DETACHD 35
13236 AMBER PL $1,499,950 4 3.1 3966 DETACHD 283

SOLD (Feb 18-24, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
13 OSWEGO SMT $169,900 $145,686 1 1 764 CONDO 441
750 1ST ST E31 $199,900 $175,725 1 1 986 CONDO 332
106 OSWEGO SMT #106 $235,000 $237,000 2 2 1140 CONDO 7
6015 FERNBROOK CIR $379,000 $410,800 3 1.1 1250 DETACHD 2
4546 DOGWOOD DR $500,000 $486,940 2 1 1010 DETACHD 20
5695 BURMA RD $479,900 $487,000 4 2.1 1934 DETACHD 4
3306 EDGEMONT RD $535,500 $510,000 4 2 1733 DETACHD 128
1 PREAKNESS CT $585,000 $568,000 4 3 2373 DETACHD 4
5515 LANGFORD LN $600,000 $584,000 2 2 1830 DETACHD 2
14293 AMBERWOOD CIR $679,000 $684,000 4 3 2576 DETACHD 3
905 LAUREL ST $939,000 $936,971 3 3.1 2906 DETACHD 5
310 CHANDLER PL $2,150,000 $1,825,000 4 3.1 3867 DETACHD 168

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’s Own ‘La Provence’!

There are so many reasons to choose to live in Lake Oswego, not the least of which is the quality of amenities offered here in this little hamlet outside of Portland, Oregon.  A small-ish community can often lack the cultural and foodie resources found in a larger city, but here in Lake Oswego, we got lucky.  Lake Oswego has the Lake Theater & Cafe for movies & live music events, as well as the Lake Oswego Center for the Arts which is a 2-stage venue for plays & musicals. Right across the street from that is George Rogers Park which hosts various festivals and concerts all summer long, along with Foothills Park, Westlake Park, Movie Nights and Farmers Markets in Millennium Park Plaza… on & on. Then there are the myriad restaurants & shops found off of State Street as well as Boones Ferry Road (kind of the two “main drags” of Lake Oswego). Lake Oswego does not want for places to obtain delicious food & wine, fancy or practical clothing, gifts…well, you get the idea. There are abundant resources in Lake Oswego for a cozy bedroom community.

Diane and I have put a spotlight on a businesses here & there through the years, and there are so many, but today I just wanted to say a few words about La Provence, restaurant & bakery. I remember discovering it when I first moved to Lake Oswego around 1999, and I came to make it a staple for family dinners and client lunches. Its also the place I go for a special treat for my French husband who is also a chef and rather particular in his taste for treats!  Alain Machtelinckx, Didier Blanc Gonet, and Pascal Tisseur opened it in 1996 a few blocks away from its current location at 16350 Boones Ferry Road when they could not find the  kind of authentic, rustic artisan bread they grew up on, and decided to do something about it. They are dedicated to the food they serve and the ambience they provide. They really try to instill a real old-world feeling into La Provence by doing things themselves… including making the tables and draperies in-house! From macarons to fine cuisine, everything is a reflection of their initial desire to bring the food they so loved in France to Oregon.  Nowadays they have 8 restaurants around the Portland area, but Lake Oswego will always be “home”.   As I mentioned, La Provence moved to a newer and larger restaurant space in Lake Oswego a few years back that is a recommended destination for anyone who loves good food and pleasant environs.

When you have the chance you ought to stop in for a pastry, lunch or dinner!  Lake Oswego is so lucky to have this gem. Here is a link to their main website where you can click on Lake Oswego or explore the other locations:  La Provence

As well as a link to their Lake Oswego location’s menu: La Provence Menu

Bon Apetit!

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…How Safe IS it in Lake Oswego?

Photo from Lake Oswego Review

Lots of people in Lake Oswego don’t lock their doors, or worry too much about locking their cars when, say, visiting a friend or shopping, or stopping for a latte (don’t tell anyone).  Its a little-known fact nowadays (since they changed the name of it to Police Log) that we named the Property Blotter 11 years ago after the Lake Oswego Review’s “Police Blotter”.  They’ve long published the unvarnished goings on as reported by the police. Now, there is some real stuff here & there, but by & large and it is hilarious to read for its lack of any real substance …Kids having a late night party while mom & dad were out on a date night, window washers reported for breaking into a house, regular folks reported for loitering while just waiting for their friend to show up for a meeting at their home,  dogs stealing chew toys…you get the picture. Its one of the reasons people move here.

Now its official. Lake Oswego was just named: Safest City in Oregon.

Here’s the scoop as just published in the Lake Oswego Review: CLICK HERE FOR STORY

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Market Activity ~ Jan 21-27, 2019

Happy Sunny January from Lake Oswego!

Activity is slowly picking up and holding pretty steady with 188 homes for sale in Lake Oswego right now. Last week 14 New properties entered the market, 16 moved to Pending status, and 9 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 21-27, 2019)

Address List Price # Beds # Baths Total SF Prop Type
81 GALEN ST / Grnd $182,000 1 1 689 CONDO
200 BURNHAM RD #303 $230,000 2 1 1199 CONDO
106 OSWEGO SMT #106 $235,000 2 2 1140 CONDO
16200 PACIFIC HWY #22 $385,000 2 2 1190 CONDO
6238 SW DAWN ST $505,000 3 2 1414 DETACHD
17297 BRYANT RD $529,000 3 2 1428 DETACHD
5515 LANGFORD LN $600,000 2 2 1830 DETACHD
5474 BAY CREEK DR $649,900 4 2.1 2322 DETACHD
8 WALKING WOODS DR $669,900 4 3 3105 DETACHD
905 LAUREL ST $939,000 3 3.1 2906 DETACHD
8 SHERWOOD CT $1,100,000 5 3 4073 DETACHD
1300 GLENMORRIE DR $1,195,000 5 3.1 4340 DETACHD
1451 HORSESHOE CURV $1,198,000 3 2 2062 DETACHD
17522 BRYANT RD $1,324,900 4 4 3545 DETACHD

PENDING SALES (Jan 21-27, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
750 1ST ST #E31 $179,500 1 1 986 CONDO 332
4642 LOWER DR / Main $199,000 2 1.1 1260 CONDO 19
100 KERR PKWY #16 $205,000 2 2 823 CONDO 2
48 CRESTFIELD CT #48 $223,800 2 1 921 CONDO 17
4000 Carman DR #40 $259,000 2 2 906 CONDO 115
5751 WASHINGTON CT $439,100 5 2 2120 DETACHD 102
51 CONDOLEA CT $445,000 3 2.1 2198 CONDO 200
5695 BURMA RD $479,900 4 2.1 1934 DETACHD 4
3306 EDGEMONT RD $535,500 4 2 1733 DETACHD 128
14425 HOLLY SPRINGS RD $569,000 4 3 2238 CONDO 23
14293 AMBERWOOD CIR $679,000 4 3 2576 DETACHD 3
5326 WESTFIELD CT $765,000 4 3.1 3259 DETACHD 110
17890 KELOK RD $769,000 4 2.1 3095 DETACHD 6
1813 PALISADES LAKE CT $1,015,000 5 3.1 4119 DETACHD 130
19481 LORNA LN $1,330,000 5 3.1 4340 DETACHD 437
17211 BLUE HERON RD $1,385,000 3 2.1 2701 DETACHD 13

SOLD (Jan 21-27, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
6925 SW MONTAUK CIR /Grnd $215,000 $200,000 2 1 927 CONDO 114
3692 SPRING LN /Upper $265,000 $232,000 2 2 1117 CONDO 162
247 CERVANTES /Upper $320,000 $295,000 2 2 1384 CONDO 131
2051 WEMBLEY PARK RD $549,900 $475,000 2 2 1196 DETACHD 55
18440 SANDPIPER CIR $529,900 $510,000 3 2 1447 DETACHD 166
15580 PARTRIDGE DR $539,900 $530,000 4 2.1 2245 DETACHD 10
5536 BAY CREEK DR $619,000 $617,000 4 2.1 2380 DETACHD 7
1961 PARK FOREST AVE $699,900 $712,000 5 2 2092 DETACHD 5
2815 ORCHARD HILL PL $749,900 $770,000 4 3 2915 DETACHD 4

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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News & Notes ~ Year-End Dec 2018

Hello 2019!!!  Every year we get to take a look at how the numbers shook out for the prior year by digging into the December report, 1st through the 31st. The winter/holiday months always bring some cooling, and we also get to look at full year-to-year comparisons at this juncture.

Here is your look at the most recent data for the entire Portland area (Dec) as well as YTD numbers and how Lake Oswego fits in to the picture just below.

According to the RMLS Market Action Report for Portland Metro Area, December 2018:

– There were 1,255 New Listings in December 2018 which was down 21.4% from December of 2017’s 1,617, and also down 45.7% from the previous month/Nov of 2018’s total of 2,310.

  • ***New Listings for the entire year were: 41,287, an increase of 1.2% over 2017.

– At 1,846, December Closed Sales cooled  21.4% from December 2017’s 2,350, and also 13.9 % from the previous month/Nov 2018’s total of 2,144.  ***This is the coolest December for Closed Sales since 2013 when the total was 1,821.

  • ***Closed Sales for the entire year were: 29,771, a decrease of 5.9% from 2017.

-December’s Pending Sales (accepted offers), at 1,599 are down 9.0% down from December of 2017’s 1,757, and 16.0% from the previous month/Nov 2018’s total of  1,904.

  • ***Pending Sales for the entire year were: 29,809, a decrease of 4.9% from 2017.

-The Average Sale Price in December of $438,600 was up $16,900 from last year/December 2017’s $421,700, and down from the previous month/Nov 2018’s  $448,900 by $10,300.   

  • ***YTD Average Sale Price for the entire year was: $452,400 up 5.5% from $428,700 in Dec 2017.

-I am including Median Sale Price in 2019. So, for reference, when we do this again next year, the Median Sale Price (price smack dab in the middle) in December 2018 was: $390,000. Up from $380,000 in Dec 2017.

  • ***YTD Median Sale Price for the entire year was: $400,000, up 5.3% from 2017’s $379,900.

Neighborhoods: December’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $388,700              4.3%   (Nov 412,500/Dec ’17: 400,500, 5.9%)
    • YTD Median: $400,000
  • NE Portland:  $450,600                  4.0%   (Nov 453,100/Dec ’17: 430,000, 8.1%)
    • YTD Median: $415,000
  • SE Portland:  $425,900                   5.9%   (Nov 425,200/Dec ’17: 382,200, 8.7%)
    • YTD Median: $375,000
  • Gresham/Troutdale: $338,500      7.7%   (Nov 361,600/Dec ’17: 329,600,10.4%)
    • YTD Median: $340,000
  • Milwaukie/Clackamas: $427,500   4.6%   (Nov 443,400/Dec ’17: 411,500, 9.1%)
    • YTD Median: $400,000
  • Oregon City/Canby:   $428,600     7.1%   (Nov 427,200/Dec ’17: 402,100, 7.2%)
    • YTD Median: $392,500
  • Lake Oswego/West Linn:$636,300 .6%   (Nov 728,500/Dec ’17: 662,700, 9.5%)
    • YTD Median: $580,000
  • West Portland:    $588,800             3.8%  (Nov 601,000/Dec ’17: 612,700, 3.2%)
    • YTD Median: $519,000
  • NW Wash County:  $483,400          2.5%   (Nov 511,700/Dec ’17: 534,400, 7.7%)
    • YTD Median: $520,000
  • Beaverton/Aloha:     $381,600        8.6%  (Nov 397,200/Dec ’17: 363,200, 9.2%)
    • YTD Median: $375,000
  • Tigard/Wilsonville:   $459,600       6.3%   (Nov 482,000/Dec ’17: 435,700, 7.7%)
    • YTD Median: $430,000
  • Hillsboro/Forest Grove: $382,100  5.9% (Nov 381,300/Dec ’17: 366,800, 11.0%)

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of December 2018 reported:

    •  296 Active Listings   (Nov 390 / Dec ’17: 288)
    •  115 New Listings     (Nov 115 / Dec ’17: 80)
    •   91 Pending Sales  (Nov  91 / Dec ’17: 92)
    •   75 Closed Sales      (Nov  75 / Dec ’17: 98)
    • Average Sale Price for November: $636,300  (Nov 728,500 / Dec ’17: 662,700)
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month.  Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
      • FYI, YTD Median: $580,000
    •  76 Average Days on the Market   (Oct 61 / Dec ’17: 73)