Author: Linda Rossi

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Market Activity ~ Oct 30- Nov 5, 2017

We’re humming right along. Last week saw 14 New properties enter the market in Lake Oswego, 19 move to Pending status, and 15 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Oct 30-Nov 5, 2017)

Address List Price # Beds # Baths Total SF Prop Type
200 BURNHAM RD #300 $215,000 1 1 973 CONDO
14796 DAVIS LN $509,900 3 2.1 1964 TOWNHSE
5866 RIDGETOP CT $539,000 3 2 1866 DETACHD
17280 WESTVIEW DR $550,000 3 3 2324 DETACHD
17 FALSTAFF ST $599,000 4 3 2450 DETACHD
18632 DEERBRUSH AVE $624,900 3 2.1 1962 DETACHD
2401 MAYORS LN $699,999 3 3 3004 DETACHD
29 DEL PRADO ST $735,000 4 2 3037 DETACHD
17167 CEDAR RD $764,900 3 2 2673 DETACHD
2983 LAKEVIEW BLVD $799,000 3 2.1 2583 DETACHD
16101 PARELIUS CIR $1,165,000 4 3 3974 DETACHD
1505 COUNTRY CLUB RD $1,195,000 6 4.1 6043 DETACHD
768 7TH ST $1,300,000 4 3.1 2802 DETACHD
18320 RIVER EDGE LN $1,988,000 4 5 4608 DETACHD

PENDING SALES (Oct 30-Nov 5, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #42 $189,500 2 1.1 822 CONDO 13
50 SW CERVANTES CIR $213,750 2 1.1 1368 CONDO 3
90 OSWEGO SMT/Upper $239,500 2 2 1140 CONDO 86
30 GREENRIDGE CT $335,000 2 1.1 1928 ATTACHD 100
16219 BONAIRE AVE $419,900 4 2 1594 DETACHD 101
5880 ROCKWOOD CT $450,000 3 2 1772 DETACHD 9
28 NORTHVIEW CT $525,000 2 3 2092 ATTACHD 85
3312 SABINA CT $570,000 3 2 1758 DETACHD 36
653 3RD ST $574,999 3 2 1522 DETACHD 1
1642 HIGHLAND DR $599,000 4 3 2234 DETACHD 111
17784 CARDINAL DR $599,900 4 3 2184 DETACHD 80
20 MORNINGVIEW CIR $610,000 3 2.1 2698 DETACHD 184
13422 AUBURN CT $625,000 3 2.1 2612 ATTACHD 32
12 SCARBOROUGH DR $639,900 4 2.1 2966 DETACHD 187
18410 DEERBRUSH AVE $645,000 4 2.1 2246 DETACHD 92
133 FURNACE ST/Upper $798,000 2 3 1927 CONDO 8
12750 FIELDING RD $995,000 3 2 3018 DETACHD 38
13597 ROGERS RD $1,179,000 4 4 3945 DETACHD 92
17502 BLUE HERON DR $2,195,000 5 3.1 4996 DETACHD 94

SOLD (Oct 30-Nov 5, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY #49 $239,000 $235,000 2 2 1305 CONDO 9
480 S STATE ST $325,000 $292,000 3 2 1659 CONDO 200
5141 CENTERWOOD ST $425,000 $425,000 3 2 1539 DETACHD 0
100 LEONARD ST 4-2 $500,000 $458,750 3 2.1 2537 CONDO 65
12729 19TH AVE $549,900 $477,000 4 2 2700 DETACHD 120
800 WOODWAY CT $550,000 $492,000 4 3 2066 DETACHD 102
18906 KRISTI WAY $568,000 $540,000 3 2 1864 DETACHD 45
768 7TH ST $674,900 $550,000 3 2 1359 DETACHD 68
2 EL GRECO ST $649,000 $644,000 5 3 3057 DETACHD 6
19080 INDIAN SPRINGS CIR $685,000 $655,000 4 2 2406 DETACHD 217
4100 COLTSFOOT LN $775,000 $675,000 3 2.1 2840 DETACHD 77
14283 EDENBERRY DR $689,000 $689,000 3 2.1 2248 DETACHD 2
18462 PIONEER CT $724,900 $709,600 5 3 3804 DETACHD 2
19487 DOGWOOD CT $745,000 $730,000 5 3 3105 DETACHD 15
3623 EENA RD $999,900 $950,000 4 3.1 3422 DETACHD 217

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 ~ Sept 2017 Data

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

  • According to the RMLS Market Action Report for the Portland Metro Area, September, 2017:
    • There were 3,644 New Listings in Sept 2017 which was down .08% from Sept of 2016’s 3,673, and down 10% from August of 2017’s total of 4,048.
    • At 2,660, Sept Closed Sales were down 5.8% from Sept 2016’s 2,823, and 12.3% from the previous month/August 2017’s total of  3,034.
    • September’s Pending Sales (accepted offers), at 2,730 dropped 4.4% from Sept of 2016’s 2,857, and 11.1% from the previous month/August 2017’s total of 3,072.
    • The Average Sale Price in September of $426,700 was up $34,500 from September 2016’s $392,200, and down from August 2017’s $436,400 by $9,700.    (***This is typical seasonal adjustment. This year we’ve seen roughly $10,000 drops in Average Sale Price per month in August and Sept.)                  

August Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $374,900              7%    (Aug $436,400)
  • NE Portland:  $447,100                   9.6% (Aug $460,100)
  • SE Portland:  $400,900                   8.7% (Aug $391,200)
  • Gresham/Troutdale:   $341,800   10.5%  (Aug $333,300)
  • Milwaukie/Clackamas:  $418,500 10.4% (Aug $420,300)
  • Oregon City/Canby:   $416,900      8.9% (Aug $394,800)
  • Lake Oswego/West Linn:$678,200 8.2%(Aug $713,800)
  • West Portland:    $572,100             6.9% (Aug $567,100)
  • NW Washington County:$501,200  9.9%(Aug $526,500)
  • Beaverton/Aloha:     $369,200        9.7% (Aug $376,800)
  • Tigard/Wilsonville:   $434,600        6.3% (Aug $439,300)
  • Hillsboro/Forest Grove: $385,400 12.1% (Aug $382,800)

The combined areas of Lake Oswego and West Linn  for the month of August 2017 reported:

    •  469 Active Listings   
    •  199 New Listings     
    •  87  Pending Sales   
    •  126 Closed Sales  
    • Average Sale Price for Sept: $678,200  
      • 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.
    • Average Time on the Market: 54 Days   
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Market Activity ~ Oct 16-22, 2017

Great, steady activity. Last week saw 20 New properties enter the market in Lake Oswego, 17 move to Pending status, and 12 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Oct 16-22, 2017)

Address List Price # Beds # Baths Total SF Prop Type
4000 CARMAN DR #C45 $180,000 1 1 767 CONDO
100 KERR PKWY #42 $189,500 2 1.1 822 CONDO
5720 KENNY ST $420,000 3 2 1416 DETACHD
13606 BLAZER TRL $525,000 4 2.1 2418 DETACHD
17755 OVERLOOK LN $529,900 4 2.1 3198 DETACHD
17736 CARDINAL CT $535,000 4 2.1 2280 DETACHD
3845 TEMPEST DR $575,000 4 2.1 1931 DETACHD
19180 INDIAN CREEK AVE $599,900 4 3 2392 DETACHD
780 BRIERCLIFF LN $599,900 5 3.1 2502 DETACHD
16 BERNINI CT $620,900 4 3.2 4642 DETACHD
18866 INDIAN SPRINGS CIR $649,900 3 3 2004 DETACHD
3962 BASS LN $659,000 3 2.1 2237 DETACHD
5406 LANGFORD LN $845,000 3 2.1 3415 DETACHD
16 CELLINI CT $869,000 3 2.1 3049 DETACHD
236 PINE VALLEY RD $875,000 3 2.1 1996 DETACHD
18120 DELENKA LN $899,000 5 2.1 3157 DETACHD
3242 GLENMORRIE DR $979,900 3 2.1 3146 DETACHD
17 Hilltop $1,350,000 3 3.1 3335 DETACHD
2236 SUMMIT CT $2,200,000 3 2.1 4066 DETACHD
2812 Lakeview BLVD $2,500,000 3 2 2566 DETACHD

PENDING SALES (Oct 16-22, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
66 OSWEGO SMT $189,900 1 1 764 CONDO 37
88 CERVANTES CIR $200,000 2 1.1 912 CONDO 5
201 OSWEGO SMT #201 $229,900 2 2 1383 CONDO 106
88 GREENRIDGE CT #88 $270,000 2 2 1314 ATTACHD 4
5225 Jean RD #511 $275,000 3 2 1400 CONDO 9
4103 JEFFERSON PKWY $329,900 2 2.1 1359 CONDO 6
6451 MCEWAN RD $379,900 3 1.1 1080 DETACHD 9
18013 BELMORE AVE $479,900 3 2 1844 DETACHD 69
5524 LANGFORD LN $550,000 2 2 2038 DETACHD 22
272 GREENWOOD RD $565,000 3 2 2585 DETACHD 2
17524 ERIN CT $669,900 5 3 3008 DETACHD 68
4608 CHELSEA LN $825,000 4 2.1 3092 DETACHD 2
3623 EENA RD $974,900 4 3.1 3422 DETACHD 217
1420 MORNING SKY CT $999,000 4 3.1 3613 DETACHD 73
3519 Lake Grove AVE $1,185,000 4 2.1 3176 DETACHD 30
18308 MEADOWLARK LN $1,498,000 4 3.3 7254 DETACHD 558
2430 SUMMIT CT $1,995,000 3 3 2911 DETACHD 154

SOLD (Oct 16-22, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
210 S STATE ST #1 $365,000 $335,000 2 1.1 1767 CONDO 35
18565 LONGFELLOW AVE $495,000 $431,000 3 2 1430 DETACHD 54
1405 CEDAR ST $515,000 $515,000 4 2 2178 DETACHD 64
945 CUMBERLAND RD $730,000 $560,000 4 3.1 2726 DETACHD 18
3554 TEMPEST DR $625,000 $577,500 3 2.1 2279 DETACHD 84
18439 DEERBRUSH AVE $674,900 $660,000 4 2.1 2694 DETACHD 103
17325 OAK MEADOW LN $769,000 $755,000 4 2.1 3157 DETACHD 38
15956 PARKER RD $849,999 $824,000 3 2.1 3200 DETACHD 33
1075 SCHUKART LN $899,000 $880,000 4 2.1 3452 DETACHD 259
230 3RD ST $1,299,900 $1,299,900 4 3 3003 DETACHD 60
4660 UPPER DR $1,595,000 $1,450,000 5 3.1 3849 DETACHD 51
3458 LAKEVIEW BLVD $2,795,000 $2,300,000 4 4.1 4647 DETACHD 118

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

Looking for some Fall Fun?  Here are my picks for things happening in Lake Oswego this week! (I stayed away from meetings and focused on mostly family fun : )

Mon, Oct 16th – 6:00pm – Family Movie Night – Lake Oswego Public Library (3rd-Mondays) CLICK HERE

Tue, Oct 17, 2017 – 3:45pm – 4:45pm – Meet The Artists – Lake Oswego Parks & Rec  (Every Tues) CLICK HERE  

 Wed, Oct 18, 2017 10:00am – 10:30am – Firsts Steps in Music – Lake Oswego Parks & Rec (Every Wed) CLICK HERE

Thu, Oct 19, 2017 – 4:00pm – 5:30pm – All Things Yarn (learn to knit!) – Lake Oswego Public Library (3rd Thursdays)  CLICK HERE

Fri, Oct 20, 2017 9:30am – 10:30am – Little Masters – Lake Oswego Parks & Rec (Every Friday, Ages 2-5) CLICK HERE

 

 

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Market Activity ~ Oct 2-8, 2017

Last week saw 15 New properties enter the market in Lake Oswego, 17 move to Pending status, and 14 “Closed”/Sold.

I always tell my clients, when Buyers are looking this time of year, they’re serious.  And conversely, when Sellers are selling this time of year, they’re serious too!  SO…though things slow down a little till the end of the year, from either perspective its a Good time to be changing your Life by either buying or selling a home. People tend to want to get things done, which can make negotiating more straightforward.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Oct 2-8, 2017)

Address List Price # Beds # Baths Total SF Prop Type
32 OSWEGO SMT / Upper $184,900 1 1 752 CONDO
4000 CARMAN DR #11 $204,000 2 2 869 CONDO
157 OSWEGO SMT #22 $239,000 2 2 1383 CONDO
5092 GALEN ST $400,000 2 2 1178 DETACHD
100 LEONARD ST / Upper $429,000 2 2 1364 CONDO
16890 CORTEZ CT $469,000 4 3 2016 DETACHD
3290 WEMBLEY PARK RD $550,000 5 3 2656 DETACHD
937 OAK ST $725,000 4 3 2921 DETACHD
4745 CAMBRIDGE CT $749,900 2 2.1 3171 ATTACHD
17585 TREETOP WAY $799,000 4 3 2422 DETACHD
17110 LOWENBERG TER $899,000 4 2.1 2732 DETACHD
706 2nd ST $1,199,900 4 2.1 2737 DETACHD
12816 ALTO PARK RD $1,295,000 5 4 4215 DETACHD
19419 SW EAST SIDE RD $1,300,000 4 3.1 4682 DETACHD
1000 ATWATER RD $2,695,000 4 4.2 6531 DETACHD

PENDING SALES (Oct 2-8, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4000 CARMAN DR #43 $205,000 2 2 866 CONDO 6
57 CHURCH ST $214,900 1 1 636 CONDO 5
480 S STATE ST $299,900 3 2 1659 CONDO 200
5061 FOOTHILLS DR #B $350,000 2 2 991 CONDO 23
17007 WESTVIEW DR $465,000 4 2 2649 DETACHD 92
9 BECKET ST $489,900 4 2.1 3115 DETACHD 5
28 NORTHVIEW CT $525,000 2 3 2092 ATTACHD 59
5622 CARMAN DR $599,000 4 2 2164 DETACHD 14
1642 HIGHLAND DR $599,000 4 3 2234 DETACHD 82
2 CREEKSIDE TER $599,000 4 2.1 2906 DETACHD 86
2445 PARK RD $599,950 5 3 3268 DETACHD 2
1040 UPPER DEVON LN $659,000 3 2.1 2640 DETACHD 151
14283 EDENBERRY DR $689,000 3 2.1 2248 DETACHD 2
18462 PIONEER CT $724,900 5 3 3804 DETACHD 2
5455 LANGFORD LN $845,000 3 2.1 3398 DETACHD 132
13700 KNAUS RD $1,150,000 3 2.1 2403 DETACHD 106
1968 CHERYL CT $1,399,000 4 4.3 6153 DETACHD 368

SOLD (Oct 2-8, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #55 $150,000 $147,000 1 1 672 CONDO 32
100 KERR PKWY #51 $151,500 $155,000 1 1 620 CONDO 14
12 CRESTFIELD CT / Upper $168,000 $168,000 1 1 552 CONDO 55
4 TOUCHSTONE #102 $237,500 $210,000 4 2 1488 CONDO 129
30 WHEATHERSTONE $399,950 $396,000 3 2.1 1692 ATTACHD 5
18964 REDWING WAY $459,900 $430,000 3 1.1 1406 DETACHD 31
2734 ORCHARD HILL LN $598,900 $574,500 4 2.1 2814 DETACHD 246
5228 LOWER DR $795,000 $700,000 4 2.1 2712 DETACHD 140
913 SUNNY HILL DR $765,000 $760,000 6 3.1 4196 DETACHD 7
19067 MEGAN PL $824,900 $770,000 4 3 3400 DETACHD 99
16853 SCOTT CT $799,000 $799,000 3 4 3917 DETACHD 110
2510 WEMBLEY PARK RD $1,750,000 $1,680,000 4 3.1 4907 DETACHD 30
13571 GOODALL RD $1,859,000 $1,850,000 4 4.1 5725 DETACHD 108
16661 PHANTOM BLUFF CT $3,995,000 $3,597,000 5 5.1 5371 DETACHD 80

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 ~ Aug 2017 Data

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

  • According to the RMLS Market Action Report for the Portland Metro Area, August, 2017:
    • There were 4,048 New Listings in August 2017 which was down 3.7% from August of 2016’s 4,203, and down the same 3.7% from July of 2017’s total of 4,202.
    • At 3,034, August Closed Sales were up 1.1% from August 2016’s 3,001, and up 8.6% from the previous month/July 2017’s total of  2,793.
    • August Pending Sales (accepted offers), at 3,072 dropped 7.6% from August of 2016’s 3,325, and edged up 1.1% from the previous month/July 2017’s total of 3,040.
    • The Average Sale Price in August of $436,400 was up $36,300 from August 2016’s $400,100, and down from June 2017’s $447,400 by $11,000.                      

August Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $436,400               9.1% (July $401,100)
  • NE Portland:  $460,100                  11.1% (July $497,000)
  • SE Portland:  $391,200                   8.8% (July $404,100)
  • Gresham/Troutdale:   $333,300     9.8%  (July $327,600)
  • Milwaukie/Clackamas:  $420,300 12.0% (July $423,100)
  • Oregon City/Canby:   $394,800      8.1% (July $392,800)
  • Lake Oswego/West Linn:$713,800 8.6%(July $741,100)
  • West Portland:    $567,100             6.7%  (July $610,900)
  • NW Washington County:$526,500 10.4%(July $536,000)
  • Beaverton/Aloha:     $376,800        9.9%  (July $380,900)
  • Tigard/Wilsonville:   $439,300        5.9% (July $440,700)
  • Hillsboro/Forest Grove: $382,800 13.0% (June $385,100)

The combined areas of Lake Oswego and West Linn  for the month of August 2017 reported:

    •  482 Active Listings   
    •  252 New Listings     
    •  148 Pending Sales   
    •  163 Closed Sales  
    • Average Sale Price for August: $713,800  
      • 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.
    • Average Time on the Market: 38 Days   

 

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Market Activity ~ Sept 11-17, 2017

Last week saw 10 New properties enter the market in Lake Oswego, 24 move to Pending status, and 19 “Closed”/Sold.  Seasonally, roughly half of the New listings were “refreshed”. We take those out for our Property Blotter readers so that you are seeing what is actually “new” on the market.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Sept 11-17, 2017)

Address List Price # Beds # Baths Total SF Prop Type
1675 HALLINAN ST $499,900 3 2.1 2450 DETACHD
19 WESTRIDGE DR $649,100 4 2.1 3711 DETACHD
18410 DEERBRUSH AVE $659,000 4 2.1 2246 DETACHD
18000 WESTMINSTER DR $699,900 3 2.1 2679 DETACHD
1555 COUNTRY CMNS $1,089,000 4 2.1 4191 DETACHD
718 MAPLE ST $1,265,000 3 2.1 4023 DETACHD
18639 PILKINGTON RD $1,375,000 4 4 4148 DETACHD
1923 MAPLELEAF CT $1,400,000 4 2.1 3190 DETACHD
16819 GREENBRIER RD $1,799,900 4 4 3022 DETACHD
1115 LAKE FRONT RD $1,995,000 4 4 4245 DETACHD

PENDING SALES (Sept 11-17, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
562 S STATE ST/Upper $259,000 1 1 778 CONDO 17
210 S STATE ST #1 $340,000 2 1.1 1767 CONDO 118
30 WHEATHERSTONE $399,950 3 2.1 1692 ATTACHD 5
18964 REDWING WAY $449,900 3 1.1 1406 DETACHD 31
13188 VERMEER DR $486,500 3 2.1 1854 DETACHD 19
1931 KILKENNY RD $525,000 4 2.1 2411 DETACHD 68
3393 TEMPEST DR $549,000 3 3 2490 DETACHD 162
720 BRIERCLIFF LN $559,900 3 3 2152 DETACHD 41
768 7TH ST $565,000 3 2 1359 DETACHD 68
3554 TEMPEST DR $599,000 3 2.1 2279 DETACHD 60
2442 PALISADES CREST DR $599,900 4 2.1 2707 DETACHD 132
4949 MULHOLLAND DR $625,000 2 2.1 2403 ATTACHD 25
8 WESTMINSTER DR $645,000 3 2.1 2689 DETACHD 86
44 Nova CT $649,000 4 2.1 2798 DETACHD 330
18439 DEERBRUSH AVE $674,900 4 2.1 2694 DETACHD 144
5228 LOWER DR $749,900 4 2.1 2712 DETACHD 140
913 SUNNY HILL DR $765,000 6 3.1 4196 DETACHD 7
17325 OAK MEADOW LN $769,000 4 2.1 3157 DETACHD 84
19067 MEGAN PL $784,900 4 3 3400 DETACHD 99
15956 PARKER RD $824,000 3 2.1 3200 DETACHD 54
1075 SCHUKART LN $899,000 4 2.1 3452 DETACHD 35
230 3RD ST $1,299,900 4 3 3003 DETACHD 33
16938 ALDER CIR $1,795,000 4 3.1 3241 DETACHD 122
16828 ALDER CIR $1,795,000 3 3 2363 DETACHD 1

SOLD (Sept 11-17, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
1198 BOCA RATAN DR $375,000 $371,500 2 2.1 1729 ATTACHD 40
4 PEACOCK PL $450,000 $429,900 3 2.1 1890 DETACHD 65
18305 FERNBROOK CT $475,000 $456,000 3 2 1300 DETACHD 37
4700 LOWER DR $464,900 $477,500 3 2.1 1743 DETACHD 3
14246 CAMDEN LN $519,900 $480,000 3 2.1 1933 DETACHD 51
4867 SAGE HEN WAY $585,000 $585,000 4 2.1 2523 DETACHD 27
2352 OAKHURST LN $679,900 $667,500 4 2.1 3210 DETACHD 11
4336 GLACIER LILY ST $699,990 $675,000 4 2.1 3381 DETACHD 21
6081 CLAIRMONT CT $710,000 $675,000 4 2.1 2680 DETACHD 63
7050 CHILDS RD $749,000 $699,000 3 2 2108 DETACHD 20
662 7TH ST $750,000 $735,000 3 2 1461 DETACHD 11
4991 CASCARA LN $825,000 $809,000 4 3.1 3648 DETACHD 74
3909 BASS LN $919,950 $910,000 5 3.1 3876 DETACHD 53
4745 LAMONT WAY $1,025,000 $1,001,000 4 3.1 3176 DETACHD 41
14045 CHELSEA DR $1,098,000 $1,024,000 4 4 4100 DETACHD 19
17376 BERGIS FARM DR $1,069,000 $1,050,000 4 3.1 4396 DETACHD 315
3519 LAKE GROVE AVE $1,179,000 $1,185,000 4 2.1 3119 DETACHD 47
13961 KNAUS RD $2,487,500 $2,487,500 4 4.2 6614 DETACHD 155
17388 CEDAR RD $2,650,000 $2,600,000 4 3.1 4633 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.

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News & Notes ~ July 2017 Data

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

  • According to the RMLS Market Action Report for the Portland Metro Area, July, 2017:
    • There were 4,202 New Listings in July 2017 which was down 3.9% from July of 2016’s 4,372, and down 11.3% from June of 2017’s total of 4,739.
    • At 2,793, July Closed Sales were up .6% from July 2016’s 2,776, and down 12.4% from the previous month/June 2017’s total of  3,187.
    • July Pending Sales (accepted offers), at 3,040 dropped 7.9% from July of 2016’s 3,302, and 6.6% from the previous month/June 2017’s total of 3,254.
    • The Average Sale Price in July of $447,400 was up $40,300 from July 2016’s $407,100, and up from June 2017’s $440,600 by $6,800.                      
        July Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $401,100               8.9% (June $406,400)
  • NE Portland:  $497,000                   11.0% (June $462,900)
  • SE Portland:  $404,100                   9.7% (June $413,200)
  • Gresham/Troutdale:   $327,600     10.4% (June $342,900)
  • Milwaukie/Clackamas:  $423,100  12.1%(June $440,800)
  • Oregon City/Canby:   $392,800       8.2% (June $402,000)
  • Lake Oswego/West Linn: $741,100 7.8%(June $627,600)
  • West Portland:    $610,900             10.3% (June $602,900)
  • NW Washington County:$536,000 10.8%(June $514,200)
  • Beaverton/Aloha:     $380,900       10.5% (June $373,800)
  • Tigard/Wilsonville:   $440,700         5.5% (June $443,500)
  • Hillsboro/Forest Grove: $385,100  12.6% (June $337,700)

The combined areas of Lake Oswego and West Linn  for the month of July 2017 reported:

    •  481 Active Listings   
    •  254 New Listings     
    •  171 Pending Sales   
    •  160 Closed Sales  
    • Average Sale Price for July: $741,100  
      • 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.
    • Average Time on the Market: 45 Days   

 
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Market Activity ~ Aug 21-27, 2017

Last week saw 6 New properties enter the market in Lake Oswego, 18 move to Pending status, and 19 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Aug 21-27, 2017)

Address List Price # Beds # Baths Total SF Prop Type
61 OSWEGO SMT $229,900 2 2 1212 CONDO
3393 TEMPEST DR $549,000 3 3 2490 ATTACHD
1316 CEDAR ST $935,000 5 3.1 3140 DETACHD
4933 LAKEVIEW BLVD $1,095,000 3 3 3988 DETACHD
16538 MAPLE CIR $1,299,900 4 3.1 2784 DETACHD
635 IRON MOUNTAIN BLVD $1,590,000 5 3.1 4736 DETACHD

PENDING SALES (Aug 21-27, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
458 S STATE ST #2C $225,000 2 1 800 CONDO 34
44 EAGLE CREST DR #16 $229,900 3 2 1085 CONDO 40
159 OSWEGO SMT- BLDG 22 $250,000 2 2 1506 CONDO 5
5117 GREENSBOROUGH CT $459,000 3 2.1 1560 DETACHD 2
574 2ND ST $479,000 2 2.1 1394 ATTACHD 51
562 2ND ST #10 $482,000 2 2.1 1302 ATTACHD 48
1024 GANS ST $495,000 4 2 1560 DETACHD 13
4 ABELARD ST $539,900 5 3 2430 DETACHD 6
1031 OXFORD DR $559,500 3 2.1 2384 DETACHD 358
4585 TRILLIUM WOODS $620,000 3 2.1 2004 ATTACHD 0
4949 MULHOLLAND DR $625,000 2 2.1 2403 ATTACHD 3
15410 MEADOWLARK CT $650,000 4 2.1 2702 DETACHD 2
2352 OAKHURST LN $679,900 4 2.1 3210 DETACHD 11
16493 GLENWOOD CT $699,000 4 3.1 4530 DETACHD 127
5822 BAY POINT DR $729,000 5 3.1 3202 DETACHD 41
5975 NEWCASTLE DR $764,000 4 2.1 3339 DETACHD 39
5322 CARMAN GROVE LN $820,000 3 2.1 2615 DETACHD 92
1011 LAKE SHORE RD $1,295,000 3 3 2820 DETACHD 9

SOLD (Aug 21-27, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD A204 $188,000 $165,000 2 2 849 CONDO 24
1232 CORNELL ST $365,000 $320,000 3 1 1536 DETACHD 63
10 GREENRIDGE CT $379,000 $325,000 3 1.1 2063 ATTACHD 57
1220 PINE ST $467,500 $440,875 4 2 2123 DETACHD 20
4923 FIRWOOD RD $514,900 $474,900 3 2 2182 DETACHD 42
15275 BOONES WAY $499,000 $496,000 2 2 1320 ATTACHD 3
316 4TH ST $585,000 $510,000 2 2.1 1731 ATTACHD 23
17610 WESTVIEW DR $550,000 $525,000 5 3 2868 DETACHD 39
16005 INVERURIE RD $569,000 $590,000 4 2 2147 DETACHD 6
36 MORNINGVIEW CIR $674,900 $617,500 4 3.1 2953 DETACHD 218
17125 FERNWOOD DR $699,000 $673,400 4 3 2688 DETACHD 40
14412 MEADOW GRASS ST $724,900 $715,000 4 2.1 3259 DETACHD 6
13354 TWIN CREEK LN $799,900 $795,000 5 2.1 3134 DETACHD 9
3 DOVER WAY $899,999 $892,200 5 3.2 4988 DETACHD 21
19177 HILL TOP RD $1,199,000 $1,050,000 5 3.1 4692 DETACHD 63
928 CEDAR ST $1,098,000 $1,060,000 4 3.1 3182 DETACHD 162
870 TERRACE DR $1,275,000 $1,150,000 5 3.1 4652 DETACHD 127
4190 CHAPMAN WAY $1,250,000 $1,162,000 4 3.1 3553 DETACHD 69
735 7TH ST $1,225,000 $1,225,000 3 3.1 3073 DETACHD 6

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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Tips & Tidbits

  • Timelines- You’ve heard that phrase “Time is of the essence”, right? Well most people do not know that it is an actual legal term which basically means that the most important elements of any contract are the dates & timelines set forth within it. So, make sure you discuss with your Agent all the timelines that are spelled out, and make a priority of planning ahead to stay within set time periods and meet deadlines. In a real estate contract, your Earnest Money may be on the line if you do not.  Two examples
    • If you decide you do not want the property anymore because its just not in good enough shape for you, and your Inspection Period has ended, you may still back out, and/but will likely lose your Earnest Money.
    • If your Lender doesn’t get the paperwork in on time because of a delay in Underwriting, and that is going to cause you to miss your Closing Date, you may lose your Earnest Money if the Seller had a better Offer waiting in the wings, or for whatever other reason just doesn’t feel like extending your Closing Date.  SO, when the Lender asks you for paperwork and you delay in getting it to them for the Underwriter to review, or when you fail to sign Disclosures and return promptly, and/or the Appraisal does not get ordered in a timely manner, you are putting your Closing Date and your Earnest Money in jeopardy. (***Note- This is a very good reason to make sure that you pick an excellent Lender as well. It doesn’t matter if its the Lender who drops the ball or if you didn’t get paperwork to them in time…. if you miss the Closing Date, you miss the Closing Date as far as the contract is concerned.)
  • Personal Property- Sellers must remove all personal property from the home prior to the Closing Date.  The question of what that means comes up sometimes, and specifically with regard to things the Seller thinks that the Buyer would want. Things in the garage are often questionable in the Seller’s mind, and it is true that a Seller will often leave a few cans of paint for touch-ups and so that the Buyer can see what the paint colors are for re-ordering if they like.  ***Not all Buyers will want the paint left, or the drawers of nails, or the chemicals for the yard, or the tools. If there is any question at all, just remove everything. If there are items you’d like to leave and wonder whether the Buyer might like them, ask your Agent to deliver a list to the Buyer’s Agent and find out from the Buyer!
  • Appraisals- The Appraisal is paid for by the Buyer and is actually the Lender’s.  The Lender requires it to make sure that they are loaning an amount that is based on an arms-length transaction between reasonable parties that are operating in the realm of planet earth in their thinking. The Seller does NOT get to see the Appraisal in most all cases. Usually the Seller does not even get to know what the final Appraised Value was. As Listing Agent, I will often receive a call saying that the Appraisal “came in at value”.  This means that it did not come in “under value” and no further negotiation is required.  You can ask, and sometimes you will receive an answer, and/but know that it is often not divulged. As the Seller, the best course of action is to ***thoroughly*** review all comparable information on similar homes sold nearby and recently with your Agent prior to Listing. Set the price based on that data, and based on what you are comfortable with, and then let the adventure begin. A home is worth what two reasonable parties agree to sell/buy it for. Even Appraisals (should you have one done prior to Listing) do not dictate what someone would be willing to pay for your home. Having one done yourself prior to Listing also has nothing to do with the Appraisal the bank will order and have done by an entirely different Appraiser. The two will not necessarily match. I know of one home recently that was Appraised prior to Listing  (and subsequently priced at) $50,000 higher than what it sold for….after it sat on the market for a long time and, I’m sure, tortured the Sellers as they waited.  Look at all the data. Take time to think and discuss with your Agent, and become comfortable with your Listing Price. Then, let go!