Author: Linda Rossi

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Tips & Tidbits ~ Contract Timelines

* Make sure to pay attention to timelines in the contract.

 

I’ve talked about these things herein before, but I think it was a few years back, so here’s a refresher~

Buyers: For instance: The typical scenario is 10 business-days for Inspections. In this situation I try to schedule any Inspections sooner rather than later so as to give time for thought on the Buyers’part, and/or additional Inspections or estimates for any repairs. You need to keep in mind that any repairs need to be negotiated *prior* to 5PM on that last business day of your Inspection Period. If you are the Buyer, don’t wait till the last second to approach these issues with the Seller (i.e with your Realtor). Once you pass the 5PM deadline, if you’ve done so without negotiating repairs, you’re moving forward without repairs ; )

Another example is the Closing Date– The Closing Date in the contract is an “On or Before” date. If you are the Buyer in a transaction, and the Lender tells you at the last minute that they’re not going to make that date and says “Oh, just extend the Closing Date”, you can indeed to that with an Addendum… IF THE SELLER ALSO AGREES IN WRITING. Keep in mind that its always possible that the Seller has received a verbal or other Offer higher than yours during the process that might be tempting, or that their timeline may be “do or die” because of how the dominoes fall on their end (moving van schedules, Closing on another transaction, etc). So…Usually people will agree to this, but as the Buyer, your Earnest Money is on the line if you do not meet your agree-upon timelines.

The same goes for Sellers– You must deliver Possession on the date and time agreed, for instance.

If a Buyer sends you a Repair Addendum and you do not respond by close to 5PM on the 10th business day (well before that would be recommended : ) your Buyer could misinterpret your lack of response as a signal that you are pushing them beyond where they’re comfortable and leaving them with repairs they do not want to take on. They may pull their Offer so as to protect themselves. That would not be good.

As in all things, just proceed with Good Faith! And in a home-selling/buying situation,  abide by the timelines and you’ll be fine!

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Market Activity ~ Aug 20-26, 2018

Summer is indeed winding down. There are, however, plenty of great homes out there and lots of activity. Right at this moment there are 299 homes for sale in Lake Oswego. Last week 13 New properties entered the market, 21 moved to Pending status, and 16 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Aug 20-26, 2018)

Address List Price # Beds # Baths Total SF Prop Type
86 KINGSGATE RD G202 $179,500 2 2 849 CONDO
100 KERR PKWY #44 $190,000 2 1.1 823 CONDO
45 EAGLE CREST DR #413 $204,900 2 1.1 1056 CONDO
4417 THUNDER VISTA LN $325,000 2 2.1 2002 CONDO
1710 ASPEN CT $439,900 3 2 1437 DETACHD
4301 COLLINS WAY $519,000 3 2 1617 DETACHD
6187 FROST LN $564,900 4 2.1 2149 DETACHD
6150 KENNY ST $625,000 3 2.1 2070 DETACHD
5311 CHILDS RD $719,000 4 3 1929 DETACHD
14495 PFEIFER DR $739,500 4 2.1 3732 DETACHD
5 JUAREZ ST $749,000 5 3.1 4393 DETACHD
3487 LAKE GROVE AVE $1,275,000 4 3.1 3473 DETACHD
862 CEDAR ST $1,365,000 4 3.1 3914 DETACHD

PENDING SALES (Aug 20-26, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #31 $159,000 1 1 618 CONDO 12
4000 CARMAN DR E74 $204,888 2 2 836 CONDO 56
4000 CARMAN DR A10 $209,900 2 2 836 CONDO 51
39 OSWEGO SMT / Grnd $220,000 2 2 1212 CONDO 71
44 EAGLE CREST DR #22 $222,900 3 2 1085 CONDO 39
4000 CARMAN DR #50 $239,000 1 1 890 CONDO 140
213 OSWEGO SMT $245,000 2 2 1383 CONDO 15
12848 BOONES FERRY RD $389,900 2 2.1 1182 CONDO 34
6291 HARRINGTON AVE $425,000 3 2 1472 DETACHD 6
1651 WOODLAND TER $445,000 5 3 2737 DETACHD 35
507 ASH ST $449,500 4 3 4666 DETACHD 206
5228 BONITA RD $485,000 3 2 1310 DETACHD 6
17590 BLUE HERON RD $499,900 4 2.1 2160 DETACHD 3
17143 REBECCA LN $529,000 3 2.1 1943 DETACHD 45
5475 WILLOW CT $549,000 3 2.1 2438 ATTACHD 63
17310 CANYON DR $550,000 5 3 2716 DETACHD 82
1400 LEE ST $579,900 5 3 2840 DETACHD 62
3075 ROYCE WAY $775,000 4 3.1 3724 DETACHD 125
650 1ST ST $1,150,000 3 2.1 2767 CONDO 24
1828 EGAN WAY $1,195,000 3 2.1 3779 DETACHD 340
1175 WESTWARD HO RD $1,599,900 3 3.1 3547 DETACHD 38

SOLD (Aug 20-26, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #5 $159,000 $149,000 1 1 617 CONDO 59
4 TOUCHSTONE #99 $210,000 $205,000 2 2 984 CONDO 25
4000 CARMAN DR C 49 $327,995 $300,000 2 1.1 1004 CONDO 61
45 GREENRIDGE CT $394,900 $394,900 3 2.1 1645 TOWNHSE 36
6137 Childs RD $399,900 $421,000 3 1 946 DETACHD 6
15451 Tanager DR $577,000 $569,000 2 2 1970 DETACHD 7
5564 BONITA RD $649,000 $603,500 3 2.1 2435 DETACHD 71
1911 WOODLAND TER $650,000 $655,000 3 2.1 2060 DETACHD 3
12777 SIERRA VISTA DR $699,000 $670,000 4 2.1 3144 DETACHD 108
220 4TH ST $649,000 $687,250 3 2 1840 DETACHD 6
1159 BAYBERRY RD $949,000 $887,500 4 2.1 2508 DETACHD 26
2949 WESTVIEW CIR $989,900 $980,000 4 3 3326 DETACHD 35
820 FAIRWAY RD $1,224,000 $1,195,000 4 3.1 3758 DETACHD 36
18262 MEADOWLARK LN $1,398,800 $1,312,888 5 3.1 4757 DETACHD 67
629 Middlecrest RD $1,449,000 $1,325,000 4 4 3575 DETACHD 85
893 CEDAR ST $1,375,000 $1,335,000 4 3.1 3740 DETACHD 182

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 ~ July 2018

Activity overall is mixed in the Portland area in relation to 2017, and the general consensus is that the market  is leveling out a bit.

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

  • According to the RMLS Market Action Report for the Portland Metro Area, July, 2018:
    • There were 4,312 New Listings in July 2018 which was up 2.6% from July of 2017’s 4,202, and down 4.5% from the previous month/June of 2018’s total of 4,515.
    • At 2,736, July Closed Sales fell  2.0% from July 2017’s 2,793, and/but were also down 7.1 % from the previous month/June 2018’s total of 2,946.
    • July’s Pending Sales (accepted offers), at 3,071 were up slightly at  1.0% from July of 2017’s 3,040, and were also up 0.4% from the previous month/June 2018’s total of  3,059.
    • The Average Sale Price in July of $455,100 was up $7,700 from July 2017’s $447,400, and down from the previous month/June 2018’s $472,400 by $17,300.   

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

  • North Portland:  $415,900              6.7%   (June 430,100)
  • NE Portland:  $467,400                   4.8%   (June 490,000  )
  • SE Portland:  $425,400                   6.9%   (June 443,600)
  • Gresham/Troutdale:   $361,500   10.5%   (June 357,900)
  • Milwaukie/Clackamas:  $427,400  5.5%   (June 434,100  )
  • Oregon City/Canby:   $439,400      7.4%   (June 434,100)
  • Lake Oswego/West Linn:$689,700 6.3%   (June 685,700)
  • West Portland:    $591,000             1.4%   (June 635,600)
  • NW Wash County:  $552,500          4.5%   (June 572,200)
  • Beaverton/Aloha:     $383,600        7.9%   (June 400,100 )
  • Tigard/Wilsonville:   $452,700        8.6%   (June 481,500 )
  • Hillsboro/Forest Grove: $403,100  8.5%   (June 409,900)

LAKE OSWEGO:

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

    •  498 Active Listings   (June 341)
    •  269 New Listings     (June 261)
    •  164 Pending Sales  (June 192)
    •  153 Closed Sales      (June 154)
    • Average Sale Price for July: $689,700  (June 685,700)
      • 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.
    •  53 Average Days on the Market   (June 52)
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Market Activity ~ Aug 6-12, 2018

Last week 26 New properties entered the market in Lake Oswego, 32 moved to Pending status, and 19 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Aug 6-12, 2018)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY #31 $159,000 1 1 618 CONDO
92 GALEN ST / Upper $189,000 1 1 689 CONDO
104 OSWEGO SMT #104 $195,000 1 1 764 CONDO
4 TOUCHSTONE #113 $229,000 2 2 984 CONDO
213 OSWEGO SMT / Upper $245,000 2 2 1383 CONDO
3808 BOTTICELLI ST $274,500 3 2 1224 CONDO
247 CERVANTES / Upper $320,000 2 2 1384 CONDO
104 GREENRIDGE CT $385,000 3 2 1728 ATTACHD
240 GREENRIDGE DR $425,000 3 2 1514 ATTACHD
72 WHEATHERSTONE $439,900 3 3.1 2465 CONDO
7 SUMMIT RIDGE CT $445,000 2 2.1 1704 ATTACHD
110 KINGSGATE RD $499,900 3 2.1 1669 DETACHD
5105 ROSEWOOD ST $549,900 4 2 1848 DETACHD
16942 CANAL CIR $675,000 3 2 1551 DETACHD
2719 GREENTREE RD $689,000 5 3.1 3886 DETACHD
17436 Wren CT $715,000 3 3 2311 DETACHD
1830 CLOVERLEAF RD $729,000 3 2.1 1857 DETACHD
18238 TAMAWAY DR $729,900 5 3 5504 DETACHD
17401 UPPER CHERRY LN $750,000 4 3.1 3791 DETACHD
725 10TH ST $795,000 3 2 2016 DETACHD
17323 LAKE HAVEN DR $799,000 3 2.1 1897 DETACHD
19413 LORNA LN $1,099,000 3 2.1 3838 DETACHD
18650 STAFFORD RD $1,100,000 4 2.1 2840 DETACHD
35 HIDALGO ST $1,100,000 3 3.1 3926 DETACHD
1099 TERRACE DR $1,749,000 5 4.1 4965 DETACHD
17566 BLUE HERON CT AUCTION 4 3 3412 DETACHD

PENDING SALES (Aug 6-12, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #30 $166,500 1 1 617 CONDO 6
92 OSWEGO SMT #92 $175,000 1 1 764 CONDO 2
86 KINGSGATE RD H203 $215,000 2 2 849 CONDO 25
109 OSWEGO SMT / Upper $234,900 2 2 1212 CONDO 4
209 OSWEGO SMT / Upper $250,000 2 2 1383 CONDO 27
203 CERVANTES / Upper $280,000 2 2 1100 CONDO 28
750 1ST ST A-10 $289,900 2 2 1350 CONDO 11
4000 CARMAN DR C-49 $297,500 2 1.1 1004 CONDO 61
5225 JEAN RD #501 $349,900 3 2 1500 CONDO 6
1218 LAUREL ST $419,000 4 2 1485 DETACHD 24
4837 REDWING WAY $429,900 3 1.1 1180 DETACHD 3
4366 WOODSIDE CIR $437,500 3 2.1 1963 ATTACHD 26
1115 OAK TER $498,000 4 2.1 1880 DETACHD 12
4862 INDIAN CREEK CT $499,990 3 2 1390 DETACHD 45
26 PARTRIDGE LN $550,000 4 3 2464 DETACHD 4
775 BOCA RATAN DR $550,000 4 3.1 2710 DETACHD 74
553 6TH ST $579,000 1 1 1876 DETACHD 1
31 WESTRIDGE DR $619,000 5 2.1 3492 DETACHD 5
2401 HILLSIDE DR $649,900 4 3 3342 DETACHD 15
1435 GREENTREE CIR $650,000 4 2.1 2269 DETACHD 2
1445 GREENTREE CIR $675,000 4 3 2842 DETACHD 37
13984 CHELSEA DR $824,900 4 2.1 3216 DETACHD 86
17851 WESTVIEW DR $848,000 4 3.1 3433 DETACHD 146
13188 TWIN CREEK CT $859,000 4 2.1 3480 DETACHD 20
927 OAK ST $875,000 5 3.1 2864 DETACHD 50
16987 ALDER CIR $879,000 2 2.1 1991 DETACHD 274
17660 STAFFORD RD $975,000 5 3.1 3313 DETACHD 0
13857 AMBERWOOD CIR $995,000 4 2.1 3916 DETACHD 7
1563 BAY VIEW LN $1,098,000 5 4.1 5615 DETACHD 396
817 HOODVIEW LN $1,369,000 5 4 4141 DETACHD 1050
1056 BAYBERRY RD $1,549,000 4 4 3805 DETACHD 124
17210 CEDAR RD $2,095,000 4 3 2813 DETACHD 40

SOLD (Aug 6-12, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD D103 $222,900 $223,000 2 2 924 CONDO 4
5064 FOOTHILLS DR F $359,900 $335,000 2 2 1252 CONDO 61
5751 WASHINGTON CT $500,000 $409,500 5 2 2120 DETACHD 4
55 NORTHSHORE RD #9 $450,000 $440,000 2 1.1 2025 CONDO 385
668 MCVEY AVE #54 $499,000 $490,000 3 1.1 992 CONDO 48
28 NORTHVIEW CT $500,000 $500,000 3 3 2092 ATTACHD 63
622 CLARA CT $552,000 $552,000 4 2 2236 DETACHD 75
1179 LARCH ST $609,900 $605,000 3 2 3206 DETACHD 6
5117 GREENSBOROUGH CT $650,000 $623,290 3 2.1 1560 DETACHD 30
5540 BAY CREEK DR $675,000 $632,000 3 3 2130 DETACHD 46
17020 CHAPIN WAY $684,900 $663,000 4 3 3258 DETACHD 9
5685 CHARLES CIR $700,000 $692,500 4 2 2542 DETACHD 5
2251 SUMMIT DR $769,000 $737,000 4 3 2874 DETACHD 56
5853 SOUTHWOOD DR $849,000 $805,000 5 2.1 3707 DETACHD 48
3155 UPPER DR $1,175,000 $1,100,000 4 3 3016 DETACHD 39
3540 RED CEDAR WAY $1,150,000 $1,125,000 5 3.1 4023 DETACHD 15
18296 MEADOWLARK LN $1,698,000 $1,660,000 5 3.1 5770 DETACHD 84
1093 CHANDLER RD $2,200,000 $2,000,000 5 4.1 5331 DETACHD 176
340 RIDGEWAY RD $2,230,000 $2,230,000 4 4 4411 DETACHD 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.

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This Week in Lake Oswego

This week (as most weeks) there are tons of activities to choose from in Lake Oswego, and/but everyone is gearing up for Tuesday’s Neighborhood Parties for National Night Out!

Here are my picks for things happening this week! (I stayed away from meetings and focused on mostly family fun : )

Mon, Aug 6 2018– 2-3PM – Be a Rock Star ~ School of Rock! -Explore Drums, Bass, Guitar and more! (3 Days, Mon-Wed, Ages K-5) Lake Oswego Library CLICK HERE

Tue, Aug 7, 2018 – National Night Out Neighborhood Parties!!! 5-9PM –  Enjoy this annual event celebrated in style all over Lake Oswego! Meet your neighbors & just have a good time. – Check out all the neighborhood party details here:    CLICK HERE  

Wed, Aug 8, 2018 6:30-8:30PM – Sounds of Summer ~ Westlake Park Concert ***Featuring: Ants in the Kitchen & LaRhonda Steele –  CLICK HERE

Thu, Aug 9, 2018 – 8:30PM – Movies in the Park at Millenium Park Plaza – Bring the kids down for Coco ! Info:  CLICK HERE      Trailer HERE

Fri, Aug 10, 2018 1-3PM (every Friday )- Pinochle– Adult Community Center  CLICK HERE

 

 

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Market Activity ~ July 23-29, 2018

Last week 16 New properties entered the market in Lake Oswego, 19 moved to Pending status, and 17 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (July 23-29, 2018)

Address List Price # Beds # Baths Total SF Prop Type
47 EAGLE CREST DR #15 $185,000 2 1 1009 CONDO
1115 OAK TER $498,000 4 2.1 1880 DETACHD
1698 ASPEN ST $549,000 3 3 2668 DETACHD
5885 DOVE CT $559,000 3 3 1800 DETACHD
2401 HILLSIDE DR $649,900 4 3 3342 DETACHD
12 DA VINCI ST $785,000 4 3 2959 DETACHD
5561 KILCHURN AVE $799,888 4 2.1 2803 DETACHD
2051 WEMBLEY PARK RD $849,000 2 2 1196 DETACHD
5064 HASTINGS DR $879,000 4 2.1 3739 DETACHD
15545 VILLAGE PARK CT $895,500 4 2.1 2745 DETACHD
17596 GREEN BLUFF DR $989,500 4 2.1 3039 DETACHD
851 9TH ST $1,250,000 4 2.1 2753 DETACHD
3210 CHILDS RD $1,270,000 3 2.2 2936 DETACHD
2445 GLENMORRIE DR $1,525,000 5 4.2 5168 DETACHD
310 CHANDLER PL $2,150,000 4 3.1 4200 DETACHD
3072 LAKEVIEW BLVD $3,988,000 4 5 4500 DETACHD

PENDING SALES (July 23-29, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #99 $210,000 2 2 984 CONDO 25
4095 JEFFERSON PKWY $379,500 2 2.1 1710 CONDO 26
16060 BONAIRE AVE $389,000 3 1 960 DETACHD 3
12868 BOONES FERRY RD $389,900 2 2.1 1136 CONDO 63
45 GREENRIDGE CT $394,900 3 2.1 1645 TOWNHSE 36
6137 Childs RD $421,000 3 1 946 DETACHD 6
17268 FERNWOOD DR $525,000 3 2 2086 DETACHD 73
3585 LAKE GROVE AVE $550,000 4 2 1575 DETACHD 46
50 AQUINAS ST $585,000 4 2.1 2415 DETACHD 9
5835 RIDGETOP CT $598,000 4 2.1 2375 DETACHD 118
17020 CHAPIN WAY $684,900 4 3 3258 DETACHD 9
4804 HERITAGE LN $739,000 4 2.1 2458 DETACHD 6
17453 OAK MEADOW LN $799,990 4 2.1 3294 DETACHD 8
2107 GOODALL CT $1,059,000 4 3 3029 DETACHD 82
4450 UPPER DR $1,100,000 3 1 2580 DETACHD 12
13348 LESLIE CT $1,200,000 4 2.1 3863 DETACHD 40
17432 KELOK RD $1,249,000 4 2.1 3023 DETACHD 68
17108 CHAPIN WAY $1,395,000 4 4 4474 DETACHD 89
1093 CHANDLER RD $2,095,000 5 4.1 5331 DETACHD 176

SOLD (July 23-29, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
65 GALEN ST / Grnd $169,900 $172,500 1 1 690 CONDO 26
16250 PACIFIC HWY #51 $192,500 $187,500 1 1 841 CONDO 44
4000 CARMAN DR E82 $199,023 $195,000 2 1 827 CONDO 7
153 OSWEGO SMT / Grnd $224,153 $210,000 2 2 1383 CONDO 57
16250 PACIFIC HWY #76 $325,000 $325,000 3 2 1745 CONDO 117
1120 BOCA RATAN DR $360,000 $366,000 3 2 1611 ATTACHD 6
18821 LONGFELLOW AVE $389,000 $389,000 3 1 946 DETACHD 17
84 GREENRIDGE CT $459,900 $435,000 4 2.1 2868 ATTACHD 158
49 TANGLEWOOD DR $595,000 $570,000 4 2.1 2491 DETACHD 24
710 BRIERCLIFF LN $585,000 $590,000 3 2.1 1906 DETACHD 4
14636 DORIS AVE $725,000 $760,000 3 2 2451 DETACHD 2
2398 PALISADES CREST DR $829,900 $786,000 4 2.1 3362 DETACHD 18
154 BERWICK RD $839,000 $839,000 5 3.1 3020 DETACHD 5
1565 PINE ST $950,000 $950,000 4 2 2830 DETACHD 32
4749 UPPER DR $1,199,000 $1,140,000 4 2.1 3285 DETACHD 171
1620 FERNWOOD DR $1,199,900 $1,280,530 3 3.1 3371 DETACHD 47
400 IRON MOUNTAIN BLVD $1,799,000 $1,675,000 4 3.1 4258 DETACHD 105

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 ~ June 2018

Here’s your look at the latest numbers in for the entire Portland area (June).

What a difference a month makes! Overall we’ve seen a little slowing from last year, but a bit mixed with New Listings up 2.7%, Pending Sales down 1.7%, and Closed Sales down 2.2%.

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

  • According to the RMLS Market Action Report for the Portland Metro Area, June, 2018:
    • There were 4,515 New Listings in June 2018 which was down 4.7% from June of 2017’s 4,739, and down 3.2% from the previous month/May of 2018’s total of 4,665.
    • At 2,946, June Closed Sales fell  7.6% from June 2017’s 3,187, and/but were up 5.1 % from the previous month/May 2018’s total of 2,803.
    • June’s Pending Sales (accepted offers), at 3,059 dropped 6.0% from June of 2017’s 3,254, and were also down 4.4% from the previous month/May 2018’s total of  3,201.
    • The Average Sale Price in June of $472,400 was up $31,800 from June 2017’s $440,600, and also up from May 2018’s $460,700 by $11,700.   

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

  • North Portland:  $430,100              6.7%   (May 418,700)
  • NE Portland:  $490,000                   7.0%   (May 504,700  )
  • SE Portland:  $443,600                   6.7%   (May 404,900)
  • Gresham/Troutdale:   $357,900   10.4%   (May 346,000)
  • Milwaukie/Clackamas:  $434,100  6.6%   (May 427,900  )
  • Oregon City/Canby:   $434,100      7.1%   (May 435,800)
  • Lake Oswego/West Linn:$685,700 8.8%   (May 718,200)
  • West Portland:    $635,600             1.7%   (May 603,300)
  • NW Wash County:  $572,200          5.2%   (May 564,500)
  • Beaverton/Aloha:     $400,100        8.8%   (May 388,700 )
  • Tigard/Wilsonville:   $481,500        9.1%   (May 471,700 )
  • Hillsboro/Forest Grove: $409,900  9.1%   (May 397,400)

LAKE OSWEGO:

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

    •  341 Active Listings   (May 422)
    •  261 New Listings     (May 306)
    •  192 Pending Sales  (May 191)
    •  154 Closed Sales      (May 175)
    • Average Sale Price for June: $685,700  (May 718,200)
      • 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.
    •  52 Average Days on the Market   (May 63)
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Market Activity ~ July 9-15, 2018

Last week 27 New properties entered the market in Lake Oswego, 24 moved to Pending status, and 23 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (July 9-15, 2018)

Address List Price # Beds # Baths Total SF Prop Type
56 CERVANTES CIR $210,000 2 1.1 912 CONDO
4652 LOWER DR / Upper $210,000 2 1.1 1170 CONDO
86 KINGSGATE RD H203 $215,000 2 2 849 CONDO
44 EAGLE CREST DR #22 $227,999 3 2 1085 CONDO
209 OSWEGO SMT / Upper $250,000 2 2 1383 CONDO
203 CERVANTES / Upper $280,000 2 2 1100 CONDO
17 SUMMIT RIDGE CT $365,000 2 2.1 1558 ATTACHD
9 JUAREZ ST $479,900 4 3.1 2570 DETACHD
5316 LOWER DR $575,000 3 2.1 2016 DETACHD
18761 INDIAN CREEK WAY $585,000 4 2.1 2005 DETACHD
50 AQUINAS ST $585,000 4 2.1 2415 DETACHD
17411 TREE TOP LN $649,000 4 3 3382 DETACHD
6419 SW DAWN ST $649,900 4 2.1 2016 DETACHD
5555 FIELDSTONE CT $785,000 4 2.1 2712 DETACHD
5670 CHARLES CIR $859,000 4 2.1 2968 DETACHD
19505 OLSON AVE $925,000 5 2.1 3022 DETACHD
13822 MELROSE PL $1,050,000 4 3.1 3529 DETACHD
14117 BARRINGTON CT $1,095,000 4 3 3503 DETACHD
4450 UPPER DR $1,100,000 3 1 2580 DETACHD
18953 PILKINGTON RD $1,115,000 4 3 3420 DETACHD
452 7TH ST $1,150,000 4 2.1 2600 DETACHD
18989 PILKINGTON RD $1,219,000 4 3 3640 DETACHD
2277 SUMMIT DR $1,288,000 4 3.1 4659 DETACHD
18977 PILKINGTON RD $1,289,000 4 3 3590 DETACHD
401 9TH ST $1,348,000 4 3.1 4288 DETACHD
4287 HAVEN ST $1,349,950 4 3.1 4007 DETACHD
17036 Canal CIR $1,485,000 4 3 3931 DETACHD

PENDING SALES (July 9-15, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #6 $164,900 1 1 617 CONDO 54
74 OSWEGO SMT / Upper $225,000 2 2 1140 CONDO 3
100 GREENRIDGE CT $365,000 3 2.1 2004 TOWNHSE 2
5110 CARMAN DR $423,900 3 1 1407 DETACHD 4
4366 WOODSIDE CIR $437,500 3 2.1 1963 ATTACHD 3
18609 KRISTI WAY $439,999 3 1 1154 DETACHD 15
19071 LONGFELLOW AVE $465,000 3 1 1152 DETACHD 40
1318 LAUREL ST $574,900 4 2.1 1645 DETACHD 4
4693 LAKEVIEW BLVD $624,990 3 2 2021 DETACHD 2
161 C AVE $625,000 2 2.1 1719 ATTACHD 2
1871 KILKENNY DR $649,000 5 2.1 3086 DETACHD 11
4801 JEAN RD $650,000 6 6.1 3400 DETACHD 177
5117 GREENSBOROUGH CT $650,000 3 2.1 1560 DETACHD 30
5937 BAY POINT DR $764,000 4 2.1 3402 DETACHD 33
3056 WEMBLEY PARK RD $950,000 4 2.1 2611 DETACHD 4
2949 WESTVIEW CIR $989,900 4 3 3326 DETACHD 35
19320 LORNA LN $1,100,000 4 3.1 4192 DETACHD 134
3540 RED CEDAR WAY $1,150,000 5 3.1 4023 DETACHD 15
795 6TH ST $1,200,000 3 2 2655 DETACHD 11
1925 CHILDS RD $1,290,000 5 4.1 5207 DETACHD 238
17455 Ridgeview LN $1,328,000 4 3.1 4561 DETACHD 121
18262 MEADOWLARK LN $1,398,800 5 3.1 4757 DETACHD 67
2090 CREST DR $1,695,000 3 2.1 3258 DETACHD 0
13910 STAMPHER RD $1,950,000 4 3.1 4488 DETACHD 35

SOLD (July 9-15, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
26 CERVANTES CIR / Grnd $215,000 $215,000 2 1.1 912 CONDO 25
86 KINGSGATE RD / G101 $219,000 $220,000 2 2 840 CONDO 6
3433 MCNARY PKWY #501 $225,000 $225,000 2 2 1136 CONDO 8
5225 JEAN RD #107 $279,900 $285,000 2 2 1200 CONDO 18
1408 LAUREL ST $300,000 $300,000 3 1 850 DETACHD 0
21 SUMMIT RIDGE CT $419,000 $415,000 2 2.1 1654 ATTACHD 60
19200 REDWING CT $499,900 $475,000 4 3 2128 DETACHD 41
16053 LAKE FOREST BLVD $494,950 $500,000 4 2 2100 DETACHD 174
14332 SHERBROOK PL $524,900 $507,000 3 2.1 1770 DETACHD 35
18679 INDIAN CREEK DR $600,000 $575,000 4 2.1 2276 DETACHD 48
328 4TH ST $624,900 $595,000 2 2.1 1731 TOWNHSE 17
2765 GLEN HAVEN RD $695,000 $650,000 4 2.1 2277 DETACHD 27
1250 HEMLOCK ST $649,900 $650,000 5 2 2465 DETACHD 13
1422 ASH ST $665,000 $659,000 4 3 2997 DETACHD 327
412 LIVINGOOD LN $725,000 $672,000 5 2.1 3928 DETACHD 39
75 TOUCHSTONE $700,000 $675,000 4 2.1 2373 DETACHD 49
19 JUAREZ ST $739,900 $750,000 3 2.1 3584 DETACHD 1
3766 RIVERS EDGE DR $799,000 $803,000 5 3.1 3428 DETACHD 3
3240 WESTVIEW CT $874,900 $850,000 4 3.1 3121 DETACHD 46
4635 DOGWOOD DR $895,000 $875,000 3 3 4584 DETACHD 612
19626 PERCH CT $1,099,000 $1,050,000 4 2.1 3494 DETACHD 4
950 OAK TER $1,150,000 $1,150,000 4 2.1 3787 DETACHD 7
15495 VILLAGE DR $1,545,000 $1,471,496 5 4.1 5401 DETACHD 24

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

Market Activity ~ June 25-July 1, 2018

Last week 35 New properties entered the market in Lake Oswego, 25 moved to Pending status, and 25 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (June 25-July 1, 2018)

Address List Price # Beds # Baths Total SF Prop Type
47 EAGLE CREST DR #52 $149,900 1 1 666 CONDO
4 TOUCHSTONE #99 $210,000 2 2 984 CONDO
4000 CARMAN DR #E74 $210,000 2 2 836 CONDO
3954 CARMAN DR $340,000 2 2.1 1132 CONDO
4095 JEFFERSON PKWY $379,500 2 2.1 1710 CONDO
18609 KRISTI WAY $439,999 3 1 1154 DETACHD
4862 INDIAN CREEK CT $524,500 3 2 1390 DETACHD
1841 CLOVERLEAF RD $525,000 5 3 2190 DETACHD
17797 OVERLOOK CIR $574,900 4 2.1 2908 DETACHD
13413 VERMEER DR $629,900 4 3.1 2529 DETACHD
1871 KILKENNY DR $649,000 5 2.1 3086 DETACHD
4848 LOWER DR $699,000 4 3 2548 DETACHD
1445 GREENTREE CIR $749,000 4 3 2662 DETACHD
2972 VALE CT $750,000 4 2.2 3120 DETACHD
934 ASH ST $794,900 4 2.1 1982 DETACHD
17435 UPPER CHERRY LN $799,000 3 2.1 3384 DETACHD
13947 MAJESTIC CT $835,000 3 3 2822 DETACHD
5099 LAKEVIEW BLVD $849,000 3 3.1 2747 DETACHD
1159 BAYBERRY RD $949,000 4 2.1 2508 DETACHD
6335 Burma RD $989,900 4 4 3508 DETACHD
3710 MARQUIS CT $998,000 4 3.1 3827 DETACHD
19463 LORNA LN $999,500 4 3.1 4055 DETACHD
17808 HILLSIDE WAY $1,100,000 4 3.1 3045 DETACHD
418 NORTHSHORE RD $1,129,000 3 2 2838 DETACHD
3540 RED CEDAR WAY $1,150,000 5 3.1 4023 DETACHD
12975 SW ELK ROCK RD $1,199,000 5 3.1 4579 DETACHD
820 FAIRWAY RD $1,298,000 4 3.1 3758 DETACHD
19125 35TH PL $1,349,900 4 4.1 5153 DETACHD
817 HOODVIEW LN $1,369,000 5 4 4141 DETACHD
4212 SOUTHSHORE BLVD $1,398,000 4 4 3129 DETACHD
13010 KNAUS RD $1,435,000 4 3.1 4470 DETACHD
1277 CHANDLER RD $1,998,000 4 3.1 4500 DETACHD
4011 WESTBAY RD $2,100,000 5 3.1 4518 DETACHD
14335 FOSBERG RD $2,250,000 5 3.2 6526 DETACHD
1075 CHANDLER RD $2,300,000 5 4.1 5710 DETACHD

PENDING SALES (June 25-July 1, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
65 GALEN ST / Grnd $169,900 1 1 690 CONDO 26
16250 PACIFIC HWY #51 $189,900 1 1 841 CONDO 44
532 S STATE ST / Grnd $215,000 1 1 829 CONDO 48
18821 LONGFELLOW AVE $389,000 3 1 946 DETACHD 17
45 GREENRIDGE CT $394,900 3 2.1 1645 TOWNHSE 7
1731 ASPEN CT $419,500 3 2 1440 DETACHD 10
668 MCVEY AVE #54 $499,000 3 1.1 992 CONDO 48
5751 WASHINGTON CT $500,000 5 2 2120 DETACHD 4
710 BRIERCLIFF LN $585,000 3 2.1 1906 DETACHD 4
1179 LARCH ST $609,900 3 2 3206 DETACHD 6
5564 BONITA RD $619,000 3 2.1 2435 DETACHD 40
760 TIMBERLINE DR $639,900 4 3 3058 DETACHD 5
5685 CHARLES CIR $700,000 4 2 2542 DETACHD 5
15 DEL PRADO ST $725,000 4 2.1 2185 DETACHD 8
15818 SPRINGBROOK CT $849,500 3 3 2538 DETACHD 77
1828 PALISADES TERRACE DR $880,000 4 2.1 3264 DETACHD 33
18265 RIVER EDGE CT $1,020,000 3 3.1 3464 DETACHD 56
740 7TH ST $1,195,000 7 7 5431 DETACHD 410
721 7TH ST $1,249,000 4 3.1 4544 DETACHD 58
140 BERWICK RD $1,295,000 4 2.1 3114 DETACHD 43
1903 EGAN WAY $1,448,000 3 2.1 2795 DETACHD 5
635 IRON MOUNTAIN BLVD $1,589,000 5 3.1 4736 DETACHD 64
18296 MEADOWLARK LN $1,698,000 5 3.1 5770 DETACHD 84
1460 SKYLAND DR $1,795,000 4 4.1 4760 DETACHD 23
14390 UPLANDS DR $3,888,000 4 4.1 7656 DETACHD 0

SOLD (June 25-July 1, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #4 $205,900 $210,900 2 2 823 CONDO 2
40 OSWEGO SMT / Upper $215,000 $223,000 2 2 1140 CONDO 4
3852 BOTTICELLI ST $279,000 $301,000 3 2 1224 CONDO 2
5055 FOOTHILLS DR B $339,000 $314,500 3 2 1252 CONDO 252
8 BRITTEN CT $399,900 $390,000 2 2 1175 ATTACHD 36
16141 PARKER RD $435,000 $415,000 3 1 1008 DETACHD 24
14796 DAVIS LN $459,900 $455,000 3 2.1 1964 ATTACHD 212
10 CHURCHILL DOWNS $515,000 $497,000 4 3 2080 DETACHD 36
6123 FROST LN $510,000 $500,000 3 2.1 2214 DETACHD 0
14555 SHERBROOK PL $549,900 $550,000 4 2.1 2942 DETACHD 8
4746 AMHERST CT $610,000 $595,000 3 2.1 2985 ATTACHD 310
4007 BRIAN CT $650,000 $638,500 4 2.1 2282 DETACHD 5
1458 GREENTREE CIR $680,000 $650,000 4 2.1 2156 DETACHD 17
17986 SAINT CLAIR DR $725,000 $685,000 4 3 2750 DETACHD 19
5747 VICTORIA CT $694,000 $694,000 4 2.1 2432 DETACHD 28
303 LAKE BAY CT $700,000 $700,000 3 2.1 1563 DETACHD 0
6073 CARMAN DR $729,900 $712,500 3 2.1 2751 DETACHD 210
5676 SUNCREEK DR $919,000 $865,000 4 3.1 3312 DETACHD 32
475 IRON MOUNTAIN BLVD $899,900 $889,900 5 3.1 3254 DETACHD 23
4190 CHAD DR $925,000 $905,000 4 3.1 3818 DETACHD 40
5047 WOODCREST LN $925,000 $931,500 4 3.1 3713 DETACHD 12
4250 LORDS LN $1,278,000 $1,245,000 4 3.1 3516 DETACHD 299
689 G AVE $1,275,000 $1,275,000 4 2.1 3422 DETACHD 3
13740 FIELDING RD $1,495,000 $1,495,000 4 3.1 4471 DETACHD 12
2236 SUMMIT CT $2,200,000 $2,050,000 3 2.1 4066 DETACHD 243

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

Happy 4th of July!!!

As we celebrate Independence Day, and give thanks for all of the things we love about living in a free society and our beloved community, Dianne and I wish each of you a very happy day with friends and family. Thank you for being here at the Property Blotter with us. May your real estate dreams (and the rest of them!) come true~