Author: Linda Rossi

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Market Activity ~ July 31 – Aug 6, 2017

Last week saw 22 New properties enter the market in Lake Oswego, 20 move to Pending status, and 18 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (July 31- Aug 6, 2017)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY #51 $149,899 1 1 617 CONDO
33 OSWEGO SMT $189,000 1 0.1 764 CONDO
1675 HALLINAN ST $549,900 3 2.1 2450 DETACHD
720 BRIERCLIFF LN $559,900 3 3 2152 DETACHD
5110 ROSEWOOD ST $624,900 3 2.1 2464 DETACHD
18410 DEERBRUSH AVE $659,000 4 2.1 2246 DETACHD
43 BECKET ST $700,000 4 3.1 3689 DETACHD
18000 WESTMINSTER DR $725,000 4 2.1 2679 DETACHD
4948 HAMPTON CT $867,000 2 3.1 3434 DETACHD
1755 KILKENNY RD $874,900 4 3 3164 DETACHD
2715 GLEN EAGLES RD $950,000 4 2 2500 DETACHD
2025 WEMBLEY PARK RD $999,999 3 2.1 2700 DETACHD
5702 MEADOWCREEK CT $1,059,000 4 3.1 3146 DETACHD
13597 ROGERS RD $1,199,000 4 4 3945 DETACHD
3867 SOUTHSHORE BLVD $1,299,995 5 4 3622 DETACHD
610 9TH ST $1,349,000 4 3.1 4021 DETACHD
2230 WEMBLEY PARK RD $1,595,000 5 4.1 4597 DETACHD
17775 KELOK RD $1,669,000 4 2.1 2882 DETACHD
939 LAKE FRONT RD $1,999,000 5 4 4106 DETACHD
18475 CRESTLINE DR $2,180,000 4 4.1 4740 DETACHD
17502 BLUE HERON DR $2,395,000 5 3.1 4996 DETACHD
1495 OAK TER $2,795,000 4 4 3983 DETACHD

PENDING SALES (July 31- Aug 6, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #8 $180,000 2 1 932 CONDO 17
4 TOUCHSTONE #125 $199,000 2 2 1000 CONDO 4
2 OSWEGO SMT $199,500 1 1 869 CONDO 7
226 RIDGEWAY RD #226 $265,000 1 1 756 CONDO 37
1232 CORNELL ST $349,950 3 1 1536 DETACHD 63
1198 BOCA RATAN DR $375,000 2 2.1 1729 ATTACHD 40
17710 HILL WAY $429,900 3 2 1637 DETACHD 16
14338 ORCHARD SPRINGS RD $525,000 5 3 2238 DETACHD 4
1580 WOODLAND TER $599,900 3 2.1 2430 DETACHD 25
35 Westridge DR $599,950 5 3 3308 DETACHD
75 TANGLEWOOD DR $629,900 4 3.1 4914 DETACHD 7
11 DEL PRADO ST $639,000 4 2.1 2893 DETACHD 24
17125 FERNWOOD DR $674,900 4 3 2688 DETACHD 40
1611 HIGHLAND DR $685,000 4 2.1 2652 DETACHD 16
662 7TH ST $750,000 3 2 1461 DETACHD 11
14370 PFEIFER DR $810,000 4 2.1 3318 DETACHD 19
4991 CASCARA LN $825,000 4 3.1 3648 DETACHD 74
17376 BERGIS FARM DR $1,069,000 4 3.1 4396 DETACHD 315
4256 LAKEVIEW BLVD $1,749,000 5 3.1 3117 DETACHD 16
14733 Uplands DR $2,150,000 6 5.3 7694 DETACHD 389

SOLD (July 31- Aug 6, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
48 EAGLE CREST DR #1E $229,900 $226,000 2 2 1370 CONDO 6
1819 BOCA RATAN DR $335,000 $335,000 3 2 1405 ATTACHD 18
327 LAUREL ST $450,000 $450,000 2 2 2520 DETACHD 0
13296 VERMEER DR $459,999 $460,000 3 2.1 1860 DETACHD 3
16444 ASTOR AVE $479,900 $499,000 3 2 1746 DETACHD 4
1311 PINE ST $550,000 $550,000 3 3 2150 DETACHD 16
539 2ND ST/Ground $559,000 $559,000 2 2 1240 CONDO 0
6 MONTICELLO DR $675,000 $627,500 3 3 3020 DETACHD 21
762 MAPLE ST $715,000 $715,000 3 2.1 2340 DETACHD 11
22 INDEPENDENCE AVE $750,000 $740,000 5 4 4138 DETACHD 93
5332 LOWER DR $795,000 $790,000 4 2.1 2600 DETACHD 84
16872 QUAIL CT $849,900 $790,300 3 3.1 3173 DETACHD 399
5088 WOODCREST LN $814,500 $813,500 4 2.1 3183 DETACHD 4
4350 ALBERT CIR $875,000 $875,000 5 3.1 3175 DETACHD 9
5347 DENTON DR $948,000 $950,000 4 2.1 3240 DETACHD 23
4 DOVER WAY $1,000,000 $970,000 5 2.1 3962 DETACHD 36
199 FURNACE ST/Upper $1,995,000 $1,935,000 3 3.1 5772 CONDO 51
951 ATWATER RD $3,100,000 $3,100,000 6 5.1 10072 DETACHD 108

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 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, June, 2017:
    • There were 4,739 New Listings in June 2017 which was up 5.3% from June of 2016’s 4,501, and up 8% from May of 2017’s total of 4,388.
    • At 3,187, June Closed Sales were up .9% from June 2016’s 3,158, and also up 10% over the previous month/May 2017’s total of  2,896.
    • June Pending Sales (accepted offers), at 3,254 fell 4% from June of 2016’s 3,390, and 5.3% from the previous month/May 2017’s total of 3,435.
    • The Average Sale Price in June of $440,600 was up $28,600 from June 2016’s $412,000, and showed hardly any change from May 2017’s $440,200.                      
                            June Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $406,400                           8.4%
  • NE Portland:  $462,900                               10.2%
  • SE Portland:  $413,200                               10.2%
  • Gresham/Troutdale:   $342,900                 11.6%
  • Milwaukie/Clackamas:   $440,800             11.1%
  • Oregon City/Canby:   $402,000                   8.0%
  • Lake Oswego/West Linn:    $627,600          6.9%
  • West Portland:    $602,900                         12.1%
  • NW Washington County:    $514,200          11.0%
  • Beaverton/Aloha:     $373,800                   10.4%
  • Tigard/Wilsonville:    443,500                     5.7%
  • Hillsboro/Forest Grove:    $337,700          12.1%

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

    •  453 Active Listings   
    •  300 New Listings     
    •  176 Pending Sales   
    •  186 Closed Sales  
    • Average Sale Price for June: $627,600  
      • 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: 71 Days   

 
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Market Activity ~ July 10-16, 2017

Last week saw 34 New properties enter the market in Lake Oswego, 24 move to Pending status, and 24 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (July 10-16, 2017)

Address List Price # Beds # Baths Total SF Prop Type
35 CRESTFIELD CT/Grnd $174,900 2 1 923 CONDO
47 EAGLE CREST DR/ #8 $189,000 2 1 932 CONDO
45 EAGLE CREST DR/ #415 $203,500 2 2 1056 CONDO
44 EAGLE CREST DR/ #16 $229,900 3 2 1085 CONDO
58 OSWEGO SMT/Main $238,500 2 2 1212 CONDO
4077 JEFFERSON PKWY $339,000 2 2.1 1462 ATTACHD
88 WHEATHERSTONE/Grnd $379,900 3 2.1 1692 CONDO
4430 GOLDEN LN $449,000 3 3.1 2165 CONDO
4971 SW LAKEVIEW BLVD $475,000 3 2 1433 DETACHD
16580 MAPLE CIR $585,000 4 1.1 2253 DETACHD
1580 WOODLAND TER $599,900 3 2.1 2430 DETACHD
2612 SW ORCHARD HILL LN $599,900 3 2 2576 DETACHD
3554 TEMPEST DR $625,000 3 2.1 2279 DETACHD
2 CREEKSIDE TER $634,900 4 2.1 2906 DETACHD
11 DEL PRADO ST $639,000 4 2.1 2893 DETACHD
4867 SAGE HEN WAY $645,000 4 2.1 2523 DETACHD
1642 HIGHLAND DR $649,900 4 3 2234 DETACHD
17808 CARDINAL PL $650,000 3 2 1870 DETACHD
768 7TH ST $674,900 3 2 1625 DETACHD
4361 SOUTHSHORE BLVD $695,000 5 3 2406 DETACHD
17064 REBECCA LN $699,900 4 2.1 2813 DETACHD
8 BECKET ST $700,000 4 6.1 6257 DETACHD
1422 ASH ST $700,000 4 3 2997 DETACHD
945 CUMBERLAND RD $730,000 4 3.1 2726 DETACHD
5822 BAY POINT DR $750,000 5 3.1 3202 DETACHD
1193 TROON RD $799,000 3 2.1 2546 DETACHD
5975 NEWCASTLE DR $849,900 4 2.1 3339 DETACHD
808 TIMBERLINE DR $850,000 4 2.1 2748 DETACHD
1579 BAY VIEW LN $1,150,000 5 3 4685 DETACHD
735 7TH ST $1,225,000 3 3.1 3073 DETACHD
18171 BRYANT RD $1,247,000 3 2.1 2984 DETACHD
827 8TH ST $1,375,000 5 3.1 3852 DETACHD
4256 LAKEVIEW BLVD $1,749,000 5 3.1 3117 DETACHD
1115 LAKE FRONT RD $1,995,000 4 4 4245 DETACHD

PENDING SALES (July 10-16, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 CERVANTES CIR $199,900 2 1.1 912 CONDO 3
4 TOUCHSTONE DR/ #124 $210,000 3 2.1 1350 CONDO 4
112 OSWEGO SMT/ #112 $227,000 2 2 1212 CONDO 3
209 CERVANTES/Lower $229,000 2 1.1 1216 CONDO 3
668 MCVEY AVE/ #55 $289,900 1 1 636 CONDO 44
4348 DOUGLAS WAY $397,500 2 2 1414 DETACHD 30
17480 HILL WAY $430,000 3 2 1268 DETACHD 26
1610 LARCH ST $475,000 3 2.1 1708 DETACHD 2
16242 INVERURIE RD $475,000 3 2 1687 DETACHD 33
668 MCVEY AVE/ #31 $484,900 3 1.1 992 CONDO 11
15275 BOONES WAY $499,000 2 2 1320 ATTACHD 3
23 FALSTAFF ST $520,000 3 2 1434 DETACHD 63
17610 WESTVIEW DR $520,000 5 3 2868 DETACHD 39
306 8TH ST $550,000 2 1.1 2236 DETACHD 4
17 MASARYK ST $650,000 4 3 4140 DETACHD 61
1258 HIDE A WAY LN $775,000 6 3.1 4219 DETACHD 53
2612 RIVENDELL RD $885,000 4 3 3168 DETACHD 9
1699 VILLAGE PARK LN $899,000 3 2.2 3342 DETACHD 48
5347 DENTON DR $948,000 4 2.1 3240 DETACHD 23
4060 WESTBAY RD $1,099,950 4 3.1 2738 DETACHD 2
3555 LAKE GROVE AVE $1,170,000 4 2.1 3433 DETACHD 38
17620 BLUE HERON DR $1,225,000 4 3 2466 DETACHD 23
870 TERRACE DR $1,275,000 5 3.1 4652 DETACHD 127
1066 NORTHSHORE RD $3,895,000 4 5.1 4169 DETACHD 34

SOLD (July 10-16, 2017)

Address Open Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY/ #20 $110,000 $114,500 1 1 617 CONDO 9
4 TOUCHSTONE/ #143 $220,000 $200,000 3 2.1 1351 CONDO 17
3990 CARMAN DR $244,900 $245,000 2 2.1 1098 CONDO 6
16200 PACIFIC HWY/ #9 $349,000 $370,000 2 2 1190 CONDO 3
16860 CORTEZ CT $379,900 $389,900 3 2 1056 DETACHD 3
30 BECKET ST $489,900 $492,500 3 2 2077 DETACHD 2
804 4TH ST $530,000 $550,000 3 1.1 1396 DETACHD 5
19026 INDIAN SPRINGS RD $570,000 $580,000 5 3 2971 DETACHD 4
5645 LA MESA CT $699,500 $665,000 4 3 2668 DETACHD 35
19531 RIVER RUN DR $700,000 $700,000 4 2.1 2440 DETACHD 0
19524 RIVER RUN DR $725,000 $720,000 4 2.1 2630 DETACHD 3
16 DEL PRADO ST $749,000 $735,000 4 2.1 2682 DETACHD 4
17532 OAK MEADOW LN $769,000 $769,000 5 3 3046 DETACHD 47
17517 OAK MEADOW LN $799,950 $840,000 4 2.1 2952 DETACHD 2
17549 OAK MEADOW LN $835,000 $850,000 4 3 3407 DETACHD 3
4081 PFEIFER CT $999,900 $940,000 5 3.1 4078 DETACHD 54
592 7TH ST $988,000 $943,000 2 3 2562 DETACHD 54
13599 MEADOWCREEK LN $1,059,000 $1,025,000 4 3.1 3170 DETACHD 216
1622 LESLIE LN $1,495,000 $1,425,000 5 3.2 5827 DETACHD 423
1251 FOREST MEADOWS WAY $1,575,000 $1,505,000 4 3.1 5071 DETACHD 11
1340 CHERRY LN $1,569,000 $1,569,000 4 4.2 5922 DETACHD 0
16645 GRAEF CIR $1,750,000 $1,750,000 4 4.1 3075 DETACHD 1
4423 West Bay RD $2,100,000 $2,025,000 4 3 2975 DETACHD 0
705 TERRACE DR $2,395,000 $2,200,000 4 3.1 3686 DETACHD 27

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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Market Activity ~ June 19-25, 2017

Last week saw 30 New properties enter the market in Lake Oswego, 20 move to Pending status, and 23 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (June 19-25, 2017)

Address List Price # Beds # Baths Total SF Prop Type
61 OSWEGO SMT/Main $235,000 2 2 1212 CONDO
482 S STATE ST #3B $295,000 3 1 1659 CONDO
5056 FOOTHILLS DR $324,900 3 2 1252 CONDO
1198 BOCA RATAN DR $375,000 2 2.1 1729 ATTACHD
5276 OAKRIDGE RD $474,000 3 2 1600 DETACHD
18305 FERNBROOK CT $475,000 3 2 1300 DETACHD
3351 FIR RIDGE RD $479,000 3 2 1770 DETACHD
14246 CAMDEN LN $519,900 3 2.1 1933 DETACHD
1515 CLOVERLEAF RD $525,000 3 2.1 2205 DETACHD
3595 TEMPEST DR $599,000 3 2 2126 DETACHD
2665 GLEN EAGLES RD $625,000 4 2.1 2640 DETACHD
2814 OVERLOOK DR $629,000 4 2.1 3348 DETACHD
5192 COVENTRY CT $629,900 4 2.1 2259 DETACHD
8 WESTMINSTER DR $685,000 3 2.1 2689 DETACHD
17125 FERNWOOD DR $699,000 4 3 2688 DETACHD
2704 ORCHARD HILL LN $699,900 5 3 3207 DETACHD
4344 SNOWBRUSH CT $749,000 4 3.1 3255 DETACHD
3220 DUNCAN DR $750,000 4 2.1 3482 DETACHD
17645 OAK MEADOW LN $798,000 4 2.1 3723 DETACHD
2110 GREENTREE RD $799,500 4 3.1 2908 DETACHD
822 Lee ST $825,000 3 2.1 1930 DETACHD
754 OAK MEADOW CT $839,500 4 2.1 3283 DETACHD
16700 PHANTOM BLUFF CT $895,000 4 2.1 3297 DETACHD
2050 CHILDS RD $925,500 4 4 4814 DETACHD
17390 GRANDVIEW CT $989,000 4 4.2 4502 DETACHD
4189 Chad DR $998,500 5 3.1 4137 DETACHD
1643 VILLAGE PARK LN $1,100,000 4 3 4505 ATTACHD
13700 KNAUS RD $1,150,000 3 2.1 2403 DETACHD
17620 BLUE HERON DR $1,225,000 4 3 2466 DETACHD
1515 CHERRY LN $1,250,000 6 3.1 4699 DETACHD

PENDING SALES (June 19-25, 2017)

Address List Price # Bedrooms Total Baths Total SF Prop Type CDOM
6480 WASHINGTON CT $250,000 1 1 LAND DETACHD 8
16200 PACIFIC HWY #15 $329,900 2 2 1190 CONDO 13
16200 PACIFIC HWYn #9 $349,000 2 2 1190 CONDO 3
5064 FOOTHILLS DR #17 $351,000 3 2 1252 CONDO 16
16681 LAKE FOREST BLVD $365,000 3 1 936 DETACHD 37
5057 FOOTHILLS DR H $395,000 2 2 1252 CONDO 4
1311 PINE ST $550,000 3 3 2150 DETACHD 16
16998 SUMMER PL $609,900 4 2.1 2448 DETACHD 24
6 MONTICELLO DR $650,000 3 3 3020 DETACHD 21
762 MAPLE ST $715,000 3 2.1 2340 DETACHD 11
19431 KOKANEE CT $715,000 4 2.1 2214 DETACHD 3
21 WESTRIDGE DR $719,900 4 2.1 3202 DETACHD 13
22 INDEPENDENCE AVE $745,000 5 4 4138 DETACHD 93
4850 LOWER DR $774,900 4 3 2700 DETACHD 11
5366 ROSALIA WAY $915,000 5 3.1 3579 DETACHD 15
14750 UPLANDS DR $950,000 4 3 3387 DETACHD 35
16 DOVER WAY $1,395,000 5 5.1 8147 DETACHD 4
13877 AMBERWOOD CIR $1,699,000 4 4.1 5851 DETACHD 11
16793 GRAEF CIR $2,195,000 4 3.1 4680 DETACHD 165
13560 FIELDING RD $2,688,000 5 5.1 5308 DETACHD 124

SOLD (June 19-25, 2017)

Address Opening Closed # Beds # Baths Total SF Prop Type CDOM
169 OSWEGO SMT #169 $199,999 $197,000 2 2 1383 CONDO 352
6924 MONTAUK CIR $235,000 $250,136 3 2 1092 CONDO 3
224 RIDGEWAY RD / Upper $249,900 $254,000 1 1 700 CONDO 29
4469 GOLDEN LN $325,000 $312,000 2 2.1 1888 CONDO 38
5052 FOOTHILLS DR G $329,900 $325,000 2 2 1252 CONDO 9
7 ORIOLE LN $392,500 $403,000 3 2.1 2161 DETACHD 4
568 2ND ST $489,000 $462,000 2 2.1 1395 ATTACHD 76
18851 SW INDIAN SPRINGS CIR $480,000 $480,000 3 2 1903 DETACHD 0
2030 GREENTREE RD $489,900 $510,000 3 2 1598 DETACHD 6
16809 CORNELL ST $535,000 $535,000 3 3.1 3034 DETACHD 87
1508 CEDAR ST $547,000 $555,000 4 2 1939 DETACHD 1
18791 INDIAN CREEK WAY $545,000 $564,000 3 2 1965 DETACHD 4
1641 DEVON LN $599,900 $584,500 3 2.1 2013 DETACHD 67
17071 REBECCA LN $599,900 $590,000 3 3 2278 DETACHD 107
16695 GLENWOOD CT $715,000 $634,000 4 3 3060 DETACHD 112
14313 AMBERWOOD CIR $724,900 $665,000 3 2 2343 DETACHD 32
41 CHURCHILL DOWNS $679,000 $690,000 4 3.1 2763 DETACHD 5
1403 GREENTREE CIR $829,000 $765,000 5 4.1 4047 DETACHD 72
171 5TH ST $875,000 $800,000 3 1 1910 DETACHD 16
1100 TYNDALL CT $889,500 $865,000 3 2.1 3142 DETACHD 55
15700 TWIN FIR RD $889,000 $897,000 3 2.1 2731 DETACHD 2
725 OAK MEADOW CT $1,119,000 $1,070,000 4 2.2 3753 DETACHD 27
401 9TH ST $1,390,000 $1,285,000 4 3.1 4288 DETACHD 240

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 ~ May 29-June 4, 2017

Last week saw 15 New properties enter the market in Lake Oswego, 22 move to Pending status, and 26 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (May 29-June 4, 2017)

Address List Price # Beds # Baths Total SF Prop Type
210 RIDGEWAY RD #13B $249,900 1 1 778 CONDO
668 MCVEY AVE #55 $289,900 1 1 636 CONDO
210 S STATE ST #7 $315,000 2 2 1284 CONDO
1232 CORNELL ST $365,000 3 1 1536 DETACHD
16538 CARNEGIE AVE $429,900 3 2 1182 DETACHD
836 OAK ST $540,000 3 3 2856 DETACHD
17610 WESTVIEW DR $550,000 6 3 2868 DETACHD
5105 ROSEWOOD ST $629,000 4 2 1848 DETACHD
6 MONTICELLO DR $675,000 3 3 3020 DETACHD
18470 RAY RIDGE DR $800,000 4 2.1 3902 DETACHD
18440 DELENKA LN $869,000 4 3.1 4668 DETACHD
14167 TAYLORS CREST LN $948,000 4 2.1 3675 DETACHD
15804 ALLISON PL $1,049,000 4 2.1 3751 DETACHD
4047 WESTBAY RD $1,275,000 4 2 2705 DETACHD
16661 PHANTOM BLUFF CT $3,995,000 5 5.1 5371 DETACHD

PENDING SALES (May 29-June 4, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWYb #49 $158,900 2 1.1 823 CONDO 5
210 S STATE ST #1 $365,000 2 1.1 1767 CONDO 10
117 3RD ST #117 $448,000 2 2 1056 CONDO 7
568 2ND ST $475,000 2 2.1 1395 ATTACHD 76
1108 CEDAR ST $489,900 3 1.1 1206 DETACHD 11
5189 TREE ST $524,900 3 2 1470 DETACHD 49
16998 SUMMER PL $609,900 4 2.1 2448 DETACHD 4
2405 DELLWOOD DR $624,500 5 3 2336 DETACHD 6
4865 SAGE HEN WAY $635,000 4 2.1 2323 DETACHD 25
9 DEL PRADO ST $689,900 4 3 2930 DETACHD 3
3355 UPPER DR $699,000 4 2 3126 DETACHD 76
14313 AMBERWOOD CIR $699,900 3 2 2343 DETACHD 32
496 10TH ST $825,000 4 2 1854 DETACHD 27
4991 CASCARA LN $825,000 4 3.1 3648 DETACHD 7
2886 UPPER DR $848,900 4 3 2498 DETACHD 13
2764 RIVENDELL RD $899,900 5 2.1 3451 DETACHD 15
5349 CARMAN GROVE LN $899,900 4 3 2847 DETACHD 41
4081 PFEIFER CT $949,900 5 3.1 4078 DETACHD 54
4665 FIRWOOD RD $969,000 3 2.1 2541 DETACHD 2
1120 HOODVIEW LN $1,089,000 4 3 3909 DETACHD 110
975 ENGLEWOOD DR $1,275,000 5 3.1 4024 DETACHD 13
4300 HAVEN ST $1,299,000 4 3.1 4312 DETACHD 212

SOLD (May 29-June 4, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
111 Oswego Summit #111 $195,500 $206,700 1 1 764 CONDO 21
668 MCVEY AVE #43 $219,000 $219,000 1 1 636 CONDO 4
5056 FOOTHILLS DR #58 $339,900 $339,400 2 2 1252 CONDO 7
5053 FOOTHILLS DR #F $365,000 $374,000 3 2 1252 ATTACHD 15
1410 SPRUCE ST $439,900 $457,900 3 2 1242 DETACHD 2
16500 LEXINGTON CT $550,000 $540,000 2 2 1688 DETACHD 7
56 AQUINAS ST $529,000 $540,000 4 3 2119 DETACHD 10
4967 BILFORD LN $545,000 $560,000 2 2 1753 DETACHD 6
2401 MAYORS LN $595,000 $565,000 3 3 3004 DETACHD 32
17085 CHAPIN WAY $619,900 $575,000 3 3 3330 DETACHD 20
1475 LABURNUM WAY $549,000 $605,000 3 2.1 1748 DETACHD 3
46 DA VINCI ST $659,900 $629,000 4 3 3378 DETACHD 34
1264 HIDE A WAY LN $642,000 $642,000 4 2.1 2674 DETACHD 0
5923 BAY POINT DR $650,000 $650,000 4 3 1763 DETACHD 0
5656 LA MESA CT $729,950 $665,000 4 3 2748 DETACHD 214
2485 MARYLSHIRE LN $649,900 $665,000 3 3 2844 DETACHD 5
17020 CHAPIN WAY $675,000 $675,000 4 3 3258 DETACHD 60
1411 CHERRY CREST DR $728,000 $699,900 8 4.3 3155 DETACHD 21
524 WEIDMAN CT $819,000 $800,000 4 2.1 3450 DETACHD 21
17024 CANAL CIR $620,000 $850,000 3 1 1267 DETACHD 645
17448 OAK MEADOW LN $799,900 $850,000 4 2.1 3427 DETACHD 4
203 RIDGEWAY RD $999,000 $927,500 4 3.1 3624 DETACHD 646
17577 BROOKHURST DR $995,000 $995,000 4 2.1 3894 DETACHD 6
4230 SUNSET DR $1,200,000 $1,175,000 4 2.1 3250 DETACHD 14
148 5TH ST $1,525,000 $1,441,419 4 3.1 3540 DETACHD 119
18000 EASTRIDGE LN $1,750,000 $1,700,000 4 4.1 5610 DETACHD 69

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 ~ April 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, April, 2017:
    • There were 3,579 New Listings in April 2017 which was down 7.9% from April of 2016’s 4,082, but UP 4.3% from March of 2017’s total of 3,604.
    • At 2,219, April Closed Sales were down 15% from April 2016’s 2,611, and also down 11% over the previous month/March 2017’s total of  2,494.
    • April Pending Sales (accepted offers), at 3,088 fell 10% from April of 2016’s 3,432, but were UP 1.5% from the previous month/March 2017’s total of 3,043.
    • The Average Sale Price in April of $428,800 was up $31,100 from April 2016’s $397,700, and showed hardly any change from March 2017’s $428,400.                      
                            April Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $410,000                          11.6%
  • NE Portland:  $455,700                               10.7%
  • SE Portland:  $404,000                                11.0%
  • Gresham/Troutdale:   $324,700                 12.5%
  • Milwaukie/Clackamas:   $415,600             10.7%
  • Oregon City/Canby:   $398,400                    8.6%
  • Lake Oswego/West Linn:    $623,300          9.6%
  • West Portland:    $598,400                         14.0%
  • NW Washington County:    $549,400          10.6%
  • Beaverton/Aloha:     $360,900                   10.9%
  • Tigard/Wilsonville:    429,420                     7.1%
  • Hillsboro/Forest Grove:    $384,200          13.3%

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

    •  318 Active Listings   
    •  252 New Listings     
    •  185Pending Sales   
    •  112 Closed Sales  
    • Average Sale Price for April: $623,300  
      • 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.
    • Average Time on the Market: 68 Days   

 
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Market Activity ~ May 8-14, 2017

Last week saw 20 New properties enter the market in Lake Oswego, 32 move to Pending status, and 18 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (May 8-14, 2017)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY #20 $115,000 1 1 617 CONDO
163 OSWEGO SMT / Upper $254,900 2 2 1506 CONDO
1709 ASPEN CT $395,000 3 2 1559 DETACHD
17635 DEEMAR WAY $449,900 3 2 1488 DETACHD
23 FALSTAFF ST $520,000 3 2 1434 DETACHD
2255 Greentree RD $675,000 3 2.1 2709 DETACHD
41 CHURCHILL DOWNS $679,000 4 3.1 2763 DETACHD
5645 LA MESA CT $699,500 4 3 2668 DETACHD
18295 WESTVIEW DR $699,900 4 2.1 3580 DETACHD
17 MASARYK ST $700,000 4 3 4140 DETACHD
15950 PARKER RD $765,000 5 2.1 2686 DETACHD
16853 SCOTT CT $920,000 5 4 3917 DETACHD
812 COUNTRY CMNS $950,000 4 4 3740 DETACHD
18108 PILKINGTON RD $968,000 3 3.1 4097 DETACHD
1316 CEDAR ST $1,090,000 5 3.1 3140 DETACHD
17367 LAKE HAVEN DR $1,650,000 4 3 4093 DETACHD
2462 SUMMIT DR $1,695,000 3 2.1 3598 DETACHD
17344 CEDAR RD $1,775,000 5 2.1 2831 DETACHD
1051 FOREST MEADOWS WAY $1,850,000 6 3.2 5505 DETACHD
199 FURNACE ST / Upper $1,995,000 3 3.1 5772 CONDO

PENDING SALES (May 8-14, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #126 $183,000 2 2 1000 CONDO 25
750 1ST ST #32 $199,900 1 1 986 CONDO 24
5907 KENNY ST $235,000 3 1.1 1236 DETACHD 3
224 RIDGEWAY RD/Upper $249,900 1 1 700 CONDO 29
5052 FOOTHILLS DR #G $329,900 2 2 1252 CONDO 9
668 MCVEY AVE #76 $344,900 2 1 852 CONDO 40
238 GREENRIDGE DR $354,900 3 2 1514 ATTACHD 8
16860 CORTEZ CT $379,900 3 2 1056 DETACHD 3
14428 HOLLY SPRINGS RD $475,000 3 2.1 1372 DETACHD 17
17653 MARDEE AVE $478,900 3 2 1742 DETACHD 5
937 COUNTRY CLUB RD $484,900 3 1 1990 DETACHD 7
2030 GREENTREE RD $489,900 3 2 1598 DETACHD 6
5189 TREE ST $524,900 3 2 1470 DETACHD 25
1475 LABURNUM WAY $549,000 3 2.1 1748 DETACHD 3
3845 TEMPEST DR $569,000 4 2.1 1931 DETACHD 3
5871 SW BONITA RD $575,000 4 3 2406 DETACHD 268
960 CAPILANO CT $630,000 4 3 2416 DETACHD 49
1004 CUMBERLAND PL $639,000 5 2 3313 DETACHD 21
16695 GLENWOOD CT $650,000 4 3 3060 DETACHD 112
4913 HASTINGS DR $653,000 3 2.1 2280 DETACHD 26
12844 SIERRA VISTA DR $660,000 4 2.1 2592 DETACHD 3
2272 PARK RD $675,000 4 3 2325 DETACHD 14
13876 PROVINCIAL HILL DR $685,000 4 3.1 2798 DETACHD 57
840 BOCA RATAN DR $699,900 4 3.1 3595 DETACHD 283
4896 HASTINGS DR $725,000 4 2.1 2785 DETACHD 1
17739 OVERLOOK CIR $800,000 4 2.1 3391 DETACHD 11
524 WEIDMAN CT $819,000 4 2.1 3450 DETACHD 21
16039 BONAIRE AVE $860,000 3 3 3305 DETACHD 0
15700 TWIN FIR RD $889,000 3 2.1 2731 DETACHD 2
1100 TYNDALL CT $889,500 3 2.1 3142 DETACHD 55
4 Pilkington Road $1,250,000 4 3 3620 DETACHD
14733 Uplands DR $2,195,000 5 5.3 7694 DETACHD 302

SOLD (May 8-14, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #11 $120,900 $106,000 1 1 617 CONDO 48
4 TOUCHSTONE #76 $199,900 $189,000 2 2 984 CONDO 7
29 CRESTFIELD CT / Lower $174,900 $193,000 2 2 995 CONDO 3
168 OSWEGO SMT #23 $199,900 $195,000 2 2 1383 CONDO 64
181 OSWEGO SMT / Upper $237,000 $237,000 2 2 1383 CONDO 12
1233 BOCA RATAN DR $325,000 $325,000 2 2 1393 ATTACHD 4
4756 CARMAN DR $379,000 $387,000 3 1 1455 DETACHD 4
39 AQUINAS ST $525,000 $525,000 2 2.1 1986 DETACHD 4
5966 FROST LN $550,000 $551,375 4 2.1 2036 DETACHD 37
2 DEL PRADO ST $550,000 $560,000 5 4 3287 DETACHD 2
1227 ASH ST $599,900 $590,000 2 2 2151 DETACHD 37
802 SUNNY HILL DR $629,000 $629,000 4 2.1 2508 DETACHD 0
16007 Bonaire ST $867,000 $850,000 3 2.1 2845 DETACHD
5640 MERIDIAN CT $850,000 $850,000 5 3.1 3493 DETACHD 1
13 NANSEN SMT $899,900 $899,000 4 4.1 4625 DETACHD 1340
950 CEDAR ST $993,000 $970,000 4 3.1 3135 DETACHD 417
15536 VILLAGE DR $1,178,000 $1,002,500 5 3 3985 DETACHD 50
15530 DIAMOND HEAD RD $3,398,000 $3,000,000 5 4 6298 DETACHD 142

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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Radon. What is it? What to do.

PortlandRadonZIPCodeMap

We haven’t addressed this in awhile, and though Lake Oswego has a “Moderate” risk of radon, it is still a concern, and when buying a home, should be addressed.

What is radon? Radon is a naturally occurring radioactive gas and comes from the natural breakdown (radioactive decay) of uranium. Certain rocks, like granite, lie in random accumulations down under the ground, and if the home you’re living in or contemplating buying has some underneath it, you may have radon gases seeping up into your home. That said, you might see a radon mitigation system on a neighboring property, and test finding no signs of radon emanating from underneath yours.

Radon is a known cause of lung cancer….so, its important to mitigate it. Luckily, mitigating is pretty simple and not too costly. It involves putting some type of piping into the area underneath the home and venting the gases high up, out and away from the home into the atmosphere. The cost is usually somewhere around $1400.00, give or take.

Testing for radon is a part of most every home inspection I oversee. There are several ways to test. If you own a home and wish to have it tested, there are kits you can purchase and then mail away for results. I prefer to know pretty quickly as transaction timelines necessitate all kinds of decision-making within some tight timelines. My preferred method is enlisting the services of an environmental services company to place a small machine in the home at the lowest living area. After 48 hours, a ticker tape of sorts will give a readout of radon levels throughout that time, and you can discuss whether the levels are within the “safe” range…or not.

Here is a recent piece on radon mitigation in the Portland area: CLICK HERE

Hope this information has proven helpful.

Very Best,
Linda

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Market Activity ~ April 17-23, 2017

Last week saw 16 New properties enter the market in Lake Oswego, 28 move to Pending status, and 22 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Apr 17-23, 2017)

Address List Price # Beds # Baths Total SF Prop Type
12 OSWEGO SMT / Upper $190,000 2 2 1140 CONDO
5056 FOOTHILLS DR #58 $339,900 2 2 1252 CONDO
4268 WOODSIDE CIR $375,000 4 2 1944 ATTACHD
1033 HALLINAN ST $399,900 3 1 936 DETACHD
975 SOUTHSHORE BLVD $579,995 3 2.1 2191 DETACHD
20 MORNINGVIEW CIR $619,000 3 2.1 2698 DETACHD
1991 WEMBLEY PL $625,000 4 2 3042 DETACHD
5875 BAY POINT DR $649,000 3 2.1 2511 DETACHD
940 HOODVIEW LN $649,900 4 2.1 2520 DETACHD
880 WOODWAY CT $700,000 4 3 3513 DETACHD
18439 DEERBRUSH AVE $719,900 4 2.1 2694 DETACHD
16493 GLENWOOD CT $799,000 4 3.1 4530 DETACHD
3088 ROSEMARY LN $824,000 4 2.1 3233 DETACHD
592 7TH ST $988,000 2 3 2562 DETACHD
3151 ALBER SPRING CT $999,950 5 3.1 3802 DETACHD
1130 OAK TER $1,099,000 4 3.1 3729 DETACHD

PENDING SALES (Apr 17-23, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #126 $183,000 2 2 1000 CONDO 5
44 EAGLE CREST DR #36 $189,900 2 1 908 CONDO 14
4 TOUCHSTONE #76 $199,900 2 2 984 CONDO 7
200 BURNHAM RD #400 $210,000 1 1 968 CONDO 2
146 OSWEGO SMT / Upper $229,900 2 2 1212 CONDO 2
245 CERVANTES / Lower $250,000 2 2 1292 CONDO 17
32 GREENRIDGE CT $353,000 3 2.1 1996 CONDO 107
4756 CARMAN DR $379,000 3 1 1455 DETACHD 4
16393 KIMBALL ST $459,400 3 2 1522 DETACHD 52
1658 GREENTREE RD $479,000 4 3 2394 DETACHD 40
16650 LAKE FOREST BLVD $479,000 3 2 1646 DETACHD 2
19201 SW RED WING CT $514,900 4 3 2471 DETACHD 1
18791 INDIAN CREEK WAY $545,000 3 2 1965 DETACHD 4
16500 LEXINGTON CT $550,000 2 2 1688 DETACHD 7
17582 CARDINAL DR $599,900 4 2.1 2326 DETACHD 73
1662 WORTHINGTON ST $599,999 4 2.1 2116 DETACHD 7
5656 LA MESA CT $674,500 4 3 2748 DETACHD 214
17568 BLUE HERON CT $675,000 4 3.1 3909 DETACHD 295
17020 CHAPIN WAY $675,000 4 3 3258 DETACHD 60
4182 GLACIER LILY ST $685,000 4 3 2799 DETACHD 107
16872 CANYON DR $689,900 5 3.1 4069 DETACHD 30
4819 HASTINGS DR $699,900 4 2.1 2453 DETACHD 4
16038 REESE RD $699,900 4 3 3189 DETACHD 48
586 WEIDMAN CT $850,000 5 3.1 3796 DETACHD 4
15963 BONAIRE AVE $868,000 3 2.1 3050 DETACHD 43
950 CEDAR ST $993,000 4 3.1 3135 DETACHD 417
4230 SUNSET DR $1,200,000 4 2.1 3250 DETACHD 14
16645 GRAEF CIR $1,750,000 4 4.1 3075 DETACHD 1

SOLD (Apr 17-23, 2017)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
64 CERVANTES CIR $179,698 $180,000 2 1.1 912 CONDO 2
86 KINGSGATE RD #D-201 $189,500 $195,000 2 2 938 CONDO 6
5056 FOOTHILLS DR #G $309,000 $309,000 2 2 1252 CONDO 3
14372 SHERBROOK PL $335,000 $315,000 2 1.1 1216 DETACHD 203
16514 CARNEGIE AVE $440,000 $390,000 3 1.1 1182 DETACHD 7
16821 CORTEZ CT $375,000 $409,900 3 2 1192 DETACHD 5
5000 CARMAN DR $499,900 $430,000 2 2.1 2010 DETACHD 110
18455 SW Terry $449,000 $447,000 3 2 2257 DETACHD 8
19064 BENFIELD AVE $465,000 $447,100 4 2 1928 DETACHD 5
6276 FROST LN $549,000 $551,000 4 3.1 2304 DETACHD 6
145 DEL PRADO ST $525,000 $561,000 3 2 2074 DETACHD 3
4680 UPPER DR $575,000 $599,999 3 2 1656 DETACHD 4
17372 HUNTER CT $699,000 $622,325 3 2.1 3424 DETACHD 229
15155 BROOK CT $599,900 $630,000 4 3 2388 DETACHD 5
6 DEL PRADO ST $635,000 $655,000 4 3 3318 DETACHD 3
17560 WESTVIEW DR $670,000 $715,000 3 2.1 2590 DETACHD 4
13745 CAMEO CT $895,500 $825,000 4 3 3380 DETACHD 10
17521 LAKE HAVEN DR $899,900 $879,500 4 2.1 3080 DETACHD 5
14021 EDENBERRY CT $875,000 $903,000 4 2.1 3238 DETACHD 5
17512 GREENBLUFF DR $1,150,000 $998,000 4 4 4033 DETACHD 245
15112 QUARRY RD $1,099,000 $1,099,000 5 3.1 3285 DETACHD 25
671 5TH ST $1,178,000 $1,160,000 4 2.1 2781 DETACHD 161

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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Price Per SF in Lake Oswego

Price per SF is a valuable tool for Realtors and Home Buyers in the know. In truth, when trying to figure a property’s market value, other factors come in to play, such as niche location, amenities, upgrades and whether the home is small, medium or large (in general, smaller homes garner more per SF than larger homes). Normally, if interested in a particular home, you would want your Realtor to take a look at “comparables”, which means taking all those things I just mentioned into consideration when looking for other homes close geographically to the property of interest and having sold as recently as possible with as many similar characteristics as possible. When compiling a grouping of such homes, the justification (or not) for an asking price can be better ascertained.  In Lake Oswego we have such a variety of neighborhoods and price ranges that in any given time period the numbers, as I’m sure you’ve noted from our weekly reports, can change dramatically.  That being a given, I’ll pull some numbers together just for fun.

Last week (3/27-4/2/17) there were a total of 15 properties Sold in Lake Oswego. The lowest price per SF was $118. The highest was $373.  The Average “Sold” price per SF was $259.

Let’s break things down a bit and look at a snapshot of a month.  (Sold 3/7-4/7/17)

Condos

There were 16 Condos Sold.

The lowest price per SF was $118.

The highest was  $308.

The Average “Sold” price per SF was $210.

Single Family Homes 

There were 44 Detached Homes Sold.

The lowest price per SF was $153.

The highest was $419.

The Average “Sold” price per SF was $261

To get a good look at what waterfront properties Sold for in Lake Oswego, I went back 6 months. (

Waterfront Properties (River and Lake)

There were 21 Waterfront properties Sold.

The lowest price per SF was $163.

The highest was $716.

The Average “Sold” price per SF was $451.

Again, this is just an exercise for fun. My personal take on real estate is that each property is somewhat unique, and deserves to be compared to other properties with the most common physical & geographic characteristics as humanly possible.  But it is interesting to conduct this activity if for no other reason than to see how wildly the pendulum swings in Lake Oswego!

I hope this information was interesting and possibly helpful.

Very Best,

Linda