Author: Linda Rossi

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Market Activity ~ Nov 23-29, 2015

Last week, Nov 2-8, Lake Oswego we saw 4 New properties enter the market, 4 move to Pending status, and 11 “Closed”/Sold.

Following is the breakdown for you according to RMLS for last week:

NEW on Mkt (Nov 23-29, 2015)

Address List Price # Beds # Baths Total SF Prop Type
4333 WOODSIDE CIR $124,900 1 1 764 CONDO
66 OSWEGO SMT #66 $359,000 3 2 1532 ATTACHD
670 IRON MOUNTAIN BLVD $674,900 5 3 3275 DETACHD
19285 MEGLY CT $1,649,000 4 3.2 5421 DETACHD

PENDING SALES (Nov 23-29, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
9 ORIOLE LN $439,000 3 3 1928 DETACHD 10
19626 PERCH CT $465,900 3 2.1 1770 DETACHD 8
706 5TH ST $1,099,900 4 2.1 2730 DETACHD 173
13624 GOODALL RD $1,449,000 4 4.2 4411 DETACHD 262

SOLD  (Nov 23-29, 2015)

Address Open Price Closed Price # Beds # Baths Total SF Prop Type CDOM
4434 THUNDER VISTA LN $254,900 $252,000 2 2.1 1970 ATTACHD 36
16 WHEATHERSTONE $325,000 $332,000 3 2.1 1692 CONDO 3
1228 CEDAR ST $349,500 $335,000 3 2 1302 DETACHD 43
116 GREENRIDGE CT $344,900 $344,900 4 2.1 2832 CONDO 0
18561 SW KRISTI WAY $349,000 $355,000 3 2.1 1440 DETACHD 30
5253 TIMBERGROVE ST $357,500 $372,000 3 2 1410 DETACHD 8
5875 BONITA RD $519,000 $515,000 5 3.1 2650 DETACHD 27
10 DEL PRADO ST $519,900 $517,000 5 3 3104 DETACHD 7
12777 SIERRA VISTA DR $694,000 $671,000 4 2.1 3144 DETACHD 135
1032 WESTWARD HO RD $969,000 $1,100,000 4 3.1 3824 DETACHD 797
13710 KNAUS RD $1,950,000 $1,750,000 4 4.2 5780 DETACHD 538

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 ~ October 2015 Numbers

Here are the October numbers for Portland and the Lake Oswego/West Linn areas (RMLS lumps them together).

According to the RMLS Market Action Report for the Portland Metro Area, October, 2015:

  • There were 3,063 New Listings in October which was down 10.5% from September (3,424), but up 6.3% from October of 2014.
  • At 2,717, October Closed Sales fell 9.7% from September’s 3,010, and were up  9.2% from October of 2014’s 2,487.
  • October Pending Sales (accepted offers), at 2,996 were up slightky at 0.8% from September’s 2,971, and fared 20.8% better than October of 2014’s 2,480 total.
  •  The Average Sale Price in October of $360,000 was up significantly at $11,000 over September’s $349,000, and also up almost $25,000 over October of 2014’s $335,600. 

The combined areas of Lake Oswego and West Linn  for the month of October 2015 reported:

    •  390 Active Listings  (Sept was 454)
    •  143 New Listings   (Sept was 228 )
    •  142 Pending Sales    (Sept was 181)
    •  139 Closed Sales   (Sept was 181 )
    • Average Sale Price for October of $614,600 (Sept/$574,800. )
      • 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: 73 Days (Sept was 59)
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Market Activity ~ Nov 2-8, 2015

Last week, Nov 2-8, Lake Oswego we saw 5 New properties enter the market, 18 move to Pending status, and 5 “Closed”/Sold.  This is still a Sellers’ Market, and/but, Buyers have a bit of an advantage right now (better than any other time of year in a Sellers’ Market) as Sellers want to be “done” & focusing on holidays, finalizing by the end of the year, and other fun things.  On another note: Interest rates are rumored to be potentially rising in December……  Sounds like a Good time to buy if you’ve been on the fence. Something to think about ; )

Following is the breakdown for you according to RMLS for last week:

NEW on Mkt (Nov 2-8, 2015)

Address List Price # Beds # Baths Total SF Prop Type
3886 BOTTICELLI ST $220,000 2 1.1 1132 CONDO
1720 YARMOUTH CIR $445,000 3 2.1 2020 DETACHD
13485 STREAMSIDE DR $749,900 3 3 3023 DETACHD
531 7TH ST $1,125,000 3 2.1 2818 DETACHD
1144 BAYBERRY RD $1,299,900 6 3 3523 DETACHD

PENDING SALES (Nov 2-8, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD D105 $159,900 2 2 924 CONDO 58
4000 CARMAN DR #74 $164,900 2 2 836 CONDO 10
200 BURNHAM RD #406 $229,000 2 1 1199 CONDO 153
6155 MCEWAN RD $320,000 2 2 1294 DETACHD 108
42 ORIOLE LN $350,000 3 2 1290 DETACHD 8
4230 SUNSET DR $379,900 3 3 1563 DETACHD 1
5934 KENNY ST $389,900 4 2 1596 DETACHD 62
17347 ASHLEY CT $454,900 4 2.1 2117 ATTACHD 90
6192 HARRINGTON AVE $474,900 5 3 2817 DETACHD 40
2222 CREST DR $545,000 4 3.1 2820 DETACHD 133
619 CLARA CT $549,000 4 2.1 2958 DETACHD 4
4595 HASTINGS PL $589,000 4 2.1 2176 DETACHD 1
17927 RIDGE LAKE DR $629,900 4 2.1 2544 DETACHD 55
1293 TIMBERLINE DR $649,000 3 3 2957 DETACHD 85
15821 SPRINGBROOK CT $699,900 2 2 2208 DETACHD 10
2337 HILLSIDE LN $899,000 4 3.1 4932 DETACHD 36
17346 CANAL CIR $995,000 4 3 3406 DETACHD 37
2912 WEMBLEY PARK RD 1100000 – 1300000 4 4.1 4500 DETACHD 129

SOLD  (Nov 2-8, 2015)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
5064 FOOTHILLS DR #F $269,000 $264,000 2 2 1252 CONDO 84
16200 PACIFIC HWY #22 $299,000 $299,000 2 2 1190 CONDO 7
49 BRIARWOOD RD $650,000 $610,000 3 2 2162 DETACHD 5
18360 DELENKA LN $859,900 $799,000 5 3.1 4828 DETACHD 154
4112 ORCHARD WAY $950,000 $917,500 5 4 4190 DETACHD 16

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 ~ Oct 12-18, 2015

October 12-18, Lake Oswego we saw 8 New properties enter the market, 18 move to Pending status, and 17 “Closed”/Sold.  Its interesting to note that of the 16 that come up as “New”, 8 of those were not truly new, but rather “refreshed” and therefore not included below.

Following is the breakdown for you according to RMLS for last week:

NEW on Mkt (Oct 12-18, 2015)

Address List Price # Beds # Baths Total SF Prop Type
13680 SHIREVA DR $459,000 3 2 1504 DETACHD
14356 HOLLY SPRINGS RD $510,000 4 2.1 1939 DETACHD
17200 CANAL CIR $668,000 3 1.1 1774 DETACHD
5322 CARMAN GROVE LN $715,000 3 2.1 2486 DETACHD
5349 CARMAN GROVE LN $745,000 3 2.1 2633 DETACHD
2043 RIDGEWOOD RD $885,000 5 3 3016 DETACHD
4155 CANAL RD $1,259,000 4 2.1 3736 DETACHD
2098 CREST DR $3,500,000 5 5.1 7837 DETACHD

PENDING SALES (Oct 12-18, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
210 S STATE ST#4 $219,900 2 1 1284 CONDO 44
3910 CARMAN DR $234,900 2 2.1 1129 CONDO 83
16 WHEATHERSTONE $325,000 3 2.1 1692 CONDO 3
12802 BOONES FERRY RD $339,000 3 2.1 1454 CONDO 25
18561 SW KRISTI WAY $349,000 3 2.1 1440 DETACHD 30
5336 TREE ST $379,950 4 2 1696 DETACHD 21
15213 QUARRY RD $399,000 3 2 1761 DETACHD 19
4291 WOODSIDE CIR $400,000 3 2 2026 ATTACHD 4
5882 KENNYCROFT WAY $409,990 3 2 1272 DETACHD 5
5749 WINDFIELD LOOP $419,900 3 3 1873 DETACHD 94
18275 PILKINGTON RD $439,000 3 2 2088 DETACHD 49
15948 QUARRY RD $445,000 2 1 920 DETACHD 116
2600 GLENMORRIE DR $495,000 2 1 1370 DETACHD 0
10 DEL PRADO ST $519,900 5 3 3104 DETACHD 65
4724 AVERY LN $599,900 4 2.1 2731 DETACHD 23
187 FURNACE ST $670,000 2 2.1 1927 CONDO 80
1600 OAK ST $900,000 4 3.2 4385 DETACHD 83
18711 WESTVIEW DR $949,900 4 3.1 3591 DETACHD 55

SOLD  (Oct 12-18, 2015)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #153 $145,000 $140,000 2 2 1031 CONDO 32
200 BURNHAM RD #408 $249,000 $241,000 2 2 1305 CONDO 21
210 S STATE ST #3 $297,500 $297,500 2 1.1 1495 CONDO 21
25 ORIOLE LN $449,950 $412,000 3 2 1460 DETACHD 32
26 SPINOSA $425,000 $415,000 3 2.1 2065 DETACHD 55
14314 ORCHARD SPRINGS RD #35 $434,000 $430,000 5 3 2238 DETACHD 5
4330 ORCHARD WAY $445,000 $445,000 4 2.1 2099 DETACHD 6
4840 DOGWOOD DR $475,000 $475,000 3 3 2716 DETACHD 22
120 CONDOLEA DRm- Main $549,999 $500,000 3 3 2958 CONDO 416
14674 RAINBOW DR $599,000 $556,500 4 3 3100 DETACHD 44
2470 MARYLVIEW CT $739,000 $710,000 4 2.1 3486 DETACHD 24
1267 CHERRY LN $849,000 $720,000 4 2 3311 DETACHD 308
141 BERWICK RD $750,000 $750,000 4 3 2336 DETACHD 0
5724 LA MESA CT $799,900 $763,500 5 2.1 3669 DETACHD 21
17980 KELOK RD $899,900 $885,000 4 2.1 2969 DETACHD 26
454 9TH ST $1,125,000 $1,100,000 3 4 3278 DETACHD 25
1653 Lake Front RD $3,900,000 $3,550,000 5 5.1 6274 DETACHD 175

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 ~ August Numbers

Here are the August numbers for Portland and the Lake Oswego/West Linn areas (RMLS lumps them together).

According to the RMLS Market Action Report for the Portland Metro Area, August, 2015:

  • There were 3,880 New Listings in August which was down a full 9.2% from the previous month/July, but up 8.3% from August of 2014.
  • At 3,098 August Closed Sales fell 10.3% from July’s numbers, and were up  19.8% from August of 2014.
  • August Pending Sales (accepted offers), at 3,347 were down 4.2% from the previous month, and fared 23.8% better than August of 2014.
  •  The Average Sale Price in August of $364,600 was down  $4,500. from July’s Average of $369,100, and up $24,600 from August of 2014’s $340,000. 

The combined areas of Lake Oswego and West Linn  for the month of August 2015 reported:

    •  454 Active Listings  (July was 447)
    •  228 New Listings   (July was 253)
    •  181 Pending Sales    (July was 190)
    •  181 Closed Sales   (July was 201)
    • Average Sale Price for August of $574,800. (July/$570,800)
      • 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: 59 Days (July was 65)
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Market Activity ~ Sept 21-27, 2015

Last week in Lake Oswego we saw 19 New properties enter the market, 24 move to Pending status, and 16 “Closed”/Sold.

Following is the breakdown for you according to RMLS for last week:

NEW on Mkt (Sept 21-27, 2015)

Address List Price # Beds # Baths Total SF Prop Type
3696 SPRING LN #3B $269,900 2 2 1117 CONDO
15 GREENRIDGE CT $359,000 3 2.1 1996 ATTACHD
15213 QUARRY RD $399,000 3 2 1761 DETACHD
5336 TREE ST $399,950 4 2 1696 DETACHD
14314 ORCHARD SPRINGS RD #35 $434,000 5 3 2238 DETACHD
6192 HARRINGTON AVE $498,800 5 3 2817 DETACHD
6059 FROST LN $508,000 4 2.1 2281 DETACHD
5875 BONITA RD $519,000 5 3.1 2650 DETACHD
6 GROUSE TER $544,900 3 3 3576 DETACHD
4312 WOODSIDE CIR $548,000 3 2.1 2678 ATTACHD
4724 AVERY LN $649,900 4 2.1 2731 DETACHD
1255 BICKNER ST $875,000 4 2.1 2764 DETACHD
5459 WESTFIELD CT $924,900 5 3.1 3670 DETACHD
817 HOODVIEW LN $1,135,000 5 3 3446 DETACHD
1495 COUNTRY CLUB RD $1,175,000 4 2.2 4028 DETACHD
556 7TH ST $1,295,000 5 3.1 3911 DETACHD
12838 ALTO PARK RD $1,439,000 4 3.1 4475 DETACHD
13560 FIELDING RD $3,500,000 5 6.1 5310 DETACHD
1500 NORTHSHORE RD $15,000,000 5 6.3 13462 DETACHD

PENDING SALES (Sept 21-27, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4000 CARMAN DR #88 $149,000 2 2 836 CONDO 15
4000 CARMAN DR #33 $165,000 2 2 1100 ATTACHD 3
4 Touchstone #155 $168,000 3 2.1 1351 CONDO 4
5225 JEAN RD #201 $224,900 3 2 1500 CONDO 34
5835 CARMAN DR $273,900 2 2.1 1650 DETACHD 20
4405 THUNDER VISTA LN $275,000 2 2.1 1922 CONDO 11
4458 THUNDER VISTA LN $279,000 2 2.1 2200 CONDO 76
16200 PACIFIC HWY #22 $299,000 2 2 1190 CONDO 7
4226 WOODSIDE CIR $329,900 3 2 1578 ATTACHD 12
4200 UPPER DR $350,000 3 1 1371 DETACHD 59
16500 LAKE FOREST BLVD $357,500 3 1 960 DETACHD 5
937 OAK ST $439,000 3 3 3153 DETACHD 40
18357 HEATHER ANN CT $439,900 3 2 1832 DETACHD 2
2301 WEMBLEY PARK RD $460,000 3 2.1 1864 DETACHD 17
7 FALSTAFF ST $549,900 5 2.1 2740 DETACHD 11
3232 WEMBLEY PARK RD $549,900 4 3.1 2805 DETACHD 108
4176 UPPER DR $550,000 5 3 2968 DETACHD 59
311 3RD ST $678,988 3 3.1 2123 ATTACHD 18
14036 MAJESTIC CT $695,000 6 3.2 4995 DETACHD 157
1943 INDIAN TRAIL $869,850 3 2.1 2960 DETACHD 4
475 8th ST $979,000 4 2.1 2699 DETACHD
583 2ND ST Upper $1,100,000 2 2.1 2190 CONDO 142
1075 CHANDLER RD $1,975,000 5 4.1 5710 DETACHD 48
16842 ALDER CIR $4,750,000 5 3.2 5144 DETACHD 68

SOLD  (Sept 21-27, 2015)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #51 $90,000 $90,000 1 1 666 CONDO 9
668 MCVEY AVE Grnd $199,900 $189,500 2 1.1 976 CONDO 73
3864 BOTTICELLI ST Main $189,000 $197,000 2 1.1 1132 CONDO 3
200 BURNHAM RD #305 $269,900 $249,900 2 2 1328 CONDO 46
4097 JEFFERSON PKWY $259,000 $260,000 2 2.1 1359 CONDO 6
17872 PILKINGTON RD $254,900 $265,100 3 2 1056 DETACHD 30
17766 MARYLCREEK DR $769,000 $720,000 4 3.1 4439 DETACHD 68
5635 BAY CREEK DR $799,900 $800,000 4 2.1 3036 DETACHD 10
5484 WESTFIELD CT $795,000 $816,000 4 2.1 3062 DETACHD 3
1189 SUNNINGDALE CT $849,000 $831,000 3 2.1 2072 DETACHD 0
815 OAK ST $945,000 $905,000 4 3.1 3709 DETACHD 52
2464 PALISADES CREST DR $1,199,000 $960,000 4 2.1 3897 DETACHD 135
14355 FOSBERG RD $1,100,000 $977,000 5 3.1 5536 DETACHD 0
18347 LOTHLORIEN WAY $1,098,000 $1,000,000 5 3.2 4141 DETACHD 27
17320 LAKE HAVEN DR $1,235,000 $1,100,000 4 3 2703 DETACHD 212
1858 Highland LOOP $1,950,000 $2,350,000 4 4.1 4000 DETACHD

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 Numbers

Here are the most recent real estate numbers for Portland and the Lake Oswego/West Linn areas (RMLS lumps them together).

Enjoy!  I hope you find this helpful.

According to the RMLS Market Action Report for the Portland Metro Area, July, 2015:

  • There were 4,273 New Listings in July which was down .2% from the previous month/June, but up 8.1% from July of 2014.
  • At 3,452 July Closed Sales increased 4.5% over June, and were up  28.9% from July of 2014.
  • July Pending Sales (accepted offers), at 3,494, were down a bit from the previous month by 3.1%, and 24.7% better than July of 2014.
  •  The Average Sale Price in July of $369,100 was down a whole $400. from June’s Average of $369,500, and up $24,400 from July of 2014’s $344,700. 

The combined areas of Lake Oswego and West Linn  for the month of July 2015 reported:

    •  447 Active Listings 
    •  253 New Listings  
    •  190 Pending Sales    
    •  201 Closed Sales   
    • Average Sale Price for July of $570,800. 
      • 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: 65 Days 
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Market Activity ~ Aug 10-16, 2015

LakeI Love August : ) Its my favorite month!  I hope you’re enjoying yours. Please feel free to call if you need any help.

Very Best,

Linda

~and~ Dianne & Whitney : )

Last week in Lake Oswego we saw 21 New properties enter the market, 28 move to Pending status, and 28 “Closed”/Sold.

Following is the breakdown for you according to RMLS for last week:

NEW on Mkt (Aug 10-16, 2015)

Address List Price # Beds # Baths Total SF Prop Type
319 CERVANTES $199,900 3 2 1209 CONDO
52 CERVANTES CIR #3A $239,000 2 1.1 1344 CONDO
#3B $246,900 2 2 1489 CONDO
200 BURNHAM RD #408 $249,000 2 2 1305 CONDO
45 EAGLE CREST DR #509 $299,900 2 2 1379 CONDO
6210 CHILDS RD $425,000 3 1.1 1296 DETACHD
25 ORIOLE LN $449,950 3 2 1460 DETACHD
908 BICKNER ST $525,000 3 2 2263 DETACHD
1551 WOODLAND TER $525,000 4 2 2712 DETACHD
10 DEL PRADO ST $539,900 5 3 3104 DETACHD
207 EVERGREEN RD $579,000 3 3.1 1789 ATTACHD
15590 TANAGER DR $585,000 4 2.1 2532 DETACHD
327 CERVANTES $600,000 5 3.1 3600 DETACHD
316 MIDDLECREST RD $664,000 3 2.1 3202 DETACHD
279 EVERGREEN RD $679,900 3 3.1 2136 ATTACHD
1293 TIMBERLINE DR $699,000 3 3 2957 DETACHD
2461 MARYLHAVEN PL $720,000 5 3 3282 DETACHD
49 HILLSHIRE DR $749,900 4 2.2 4193 DETACHD
12716 ELK ROCK RD $1,000,000 3 2.1 4015 DETACHD
725 5th ST $1,124,900 3 3 2748 DETACHD
454 9TH ST $1,125,000 3 4 3278 DETACHD

PENDING SALES (Aug 10-16, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #14 $89,900 1 1 666 CONDO 105
47 EAGLE CREST DR #51 $90,000 1 1 666 CONDO 9
50 CERVANTES CIR #Main $165,000 2 1.1 1368 CONDO 4
192 OSWEGO SMT #192 $183,000 2 2 1383 CONDO 182
48 EAGLE CREST DR #4A $185,000 2 2 1489 CONDO 4
3864 BOTTICELLI ST #Main $197,000 2 1.1 1132 CONDO 3
668 MCVEY AVE #85 $199,900 2 1.1 976 CONDO 54
5882 KENNYCROFT WAY $315,000 3 2 1272 DETACHD 34
434 5TH ST #Grnd $324,900 2 1.1 1092 CONDO 4
6053 FERNBROOK ST $338,000 3 1 912 DETACHD 4
15879 KIMBALL ST $349,900 3 1.1 1076 DETACHD 11
6105 SW SHAKESPEARE ST $389,900 4 2 1550 DETACHD 81
17273 BRYANT RD $395,900 3 1.1 1452 DETACHD 120
35 CHURCHILL DOWNS $439,900 4 3 2271 DETACHD 56
15948 QUARRY RD $445,000 2 1 920 DETACHD 54
383 ASH ST $450,000 3 2.1 1697 DETACHD 6
523 2ND ST #105 $489,000 2 2 1208 CONDO 20
38 MORNINGVIEW CIR $525,000 3 3 2408 DETACHD 5
17766 MARYLCREEK DR $749,000 4 3.1 4439 DETACHD 36
5484 WESTFIELD CT $795,000 4 2.1 3062 DETACHD 3
5635 BAY CREEK DR $799,900 4 2.1 3036 DETACHD 10
5833 STEWART GLENN CT $835,000 4 2.1 3258 DETACHD 26
1189 SUNNINGDALE CT $849,000 3 2.1 2072 DETACHD 0
14360 UPLANDS DR $849,000 4 3.2 2577 DETACHD 31
13447 STREAMSIDE CT $849,900 5 2.1 3609 DETACHD 48
815 OAK ST $919,000 4 3.1 3709 DETACHD 52
17435 WREN CT $1,299,900 4 3 2960 DETACHD 2
13624 GOODALL RD $1,499,000 4 4.2 4411 DETACHD 157

SOLD  (Aug 10-16, 2015)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #24 109000 92836 1 1 672 CONDO 56
31 LADD ST 318900 300000 3 1 867 DETACHD 127
12826 BOONES FERRY RD 304500 307000 2 2.1 1136 ATTACHD 6
5392 TREE ST 373900 362500 3 1.1 1232 DETACHD 7
258 CERVANTES 385000 385000 3 2.1 2312 ATTACHD 13
2705 ORCHARD HILL PL 435000 440000 3 2.1 2250 DETACHD 6
6276 FROST LN 449000 449000 4 3.1 2304 DETACHD 71
643 2ND ST 450000 452500 2 2 1457 ATTACHD 2
4023 TROUT WAY 395000 470000 4 2.1 2758 DETACHD 4
1293 HIDE A WAY LN 489000 480000 3 2.1 1720 DETACHD 4
4220 ALBERT CIR 585000 553000 3 3 2406 DETACHD 49
16460 LEXINGTON CT 574000 580000 3 2.1 2477 DETACHD 8
12448 ORCHARD HILL RD 599900 599000 4 3 3336 DETACHD 178
17 EL GRECO ST 644000 645100 5 2.1 2778 DETACHD 4
1775 PALISADES TERRACE DR 661000 650000 4 2.1 2112 DETACHD 0
321 5TH ST 749000 690000 3 3.1 2737 DETACHD 158
1503 EASTVIEW CT 689000 694000 3 3.1 3337 DETACHD 7
3723 RIVERS EDGE DR 750000 750000 4 2.1 2875 DETACHD 2
2221 OVERLOOK DR 799000 750000 4 2.1 3628 DETACHD 31
14153 EDENBERRY DR 775000 775000 4 2.1 3113 DETACHD 28
14009 CHELSEA DR 765000 785000 4 2.1 3060 DETACHD 5
5364 LANGFORD LN 825000 797000 3 2.1 3022 DETACHD 27
5650 BAY CREEK DR 859900 799900 4 2.1 3668 DETACHD 53
49 BRIARWOOD RD 950000 900000 3 2 2162 DETACHD 138
17340 OAK MEADOW LN 929000 913000 3 3.1 3718 DETACHD 35
4540 LAMONT WAY 949900 949900 4 2.1 3555 DETACHD 6
827 8TH ST 999990 1000000 5 3.1 3852 DETACHD 3
328 KENWOOD RD 1095000 1100000 4 4 4184 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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Tips & Tidbits

BankI find that lots of Buyers are a bit confused about Earnest Money and what its purpose is, how they might be at risk for losing it, etc. It is basically to compensate the Seller for taking their home off the market in the event you violate the terms of your Sale Agreement, but there are nuances to it in addition to that. Here are a few pieces of info & pointers in that regard:

A Few Notes About Earnest Money:

  • Earnest Money is a deposit you make at the time you make your Offer. This is to show that you are “earnest” or serious about your Offer, and to compensate the Seller for removing their property from the market  (while you perform your inspections & due diligence)  should you violate the terms of the Contract/Offer/Sale Agreement.
  • Talk to your Realtor about how much an Earnest Money Check should be….  It varies from situation to situation. The ultimate choice, however, is yours. A substantial amount of Earnest Money can demonstrate to the Seller that you are serious about the purchase, and shows a certain amount of stability, though this is not necessary or even advisable in all circumstances.
  • Earnest Money goes toward your closing costs & other transactional terms. It is held usually by Escrow as your neutral 3rd party and applied to the bottom line of your transaction, generally speaking. By virtue of its definition as Earnest Money, its NOT an additional fee.
  • There are several ways for a Buyer to cancel a sale and receive their Earnest Money back (during specified & agreed-upon timelines & specific acceptable reasons that are all outlined in the Offer itself). This action is not to be taken lightly, and/but, there are definitely provisions for it.
  • The Earnest Money check (a photocopy of it) accompanies the Approval Letter, a Cover Letter your Buyer’s Agent will create, and the Offer when your Realtor submits it to the Seller’s Agent (at least… that’s how  I  always do it).  In the event you are unable to physically hand your Realtor a check prior to when you want to get your Offer in to the Seller, you may have the option of using a Promissory Note redeemable/sent to Escrow in check form within a specified number of days following mutual acceptance of your Offer.  ***I advise my clients that a check is always preferable. A photocopy of it going along with your Offer makes a statement to the Seller that you are serious. This is especially true in a competitive situation. Again, though, each situation is different. Discuss YOUR best options with your Realtor.
  • Carefully study the Sale Agreement (Offer) wording to make sure you understand how and under what circumstances you are allowed to have your Earnest Money returned, and under what circumstances you are not. Basically, staying within outlined timelines and giving notice in writing within those timelines assures your Earnest Money is protected. It is important that, with your Realtor’s assistance and advice, you stay on top of timelines as outlined in the Sale Agreement. ***Bring ANY questions you may have to your Realtor’s attention.

I hope this information was helpful!

Very Best,

Linda

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Market Activity ~ July 20-26, 2015

Here you go!  Gotta run………….. Please call if you need help. Each of us, though very busy, always have time for our Property Blotter readers.

Last week in Lake Oswego we saw 27 New properties enter the market, 29 move to Pending status, and 17 “Closed”/Sold.

Following is the breakdown for you according to RMLS for last week:

NEW on Mkt (June 20 – July 26, 2015)

Address List Price # Beds # Baths Total SF Prop Type
48 EAGLE CREST DR #4E $209,900 2 2 1489 CONDO
196 CERVANTES $239,900 2 1.1 1241 CONDO
3910 CARMAN DR $239,900 2 2.1 1129 CONDO
4425 THUNDER VISTA LN $269,900 2 2.1 1518 CONDO
6155 MCEWAN RD $320,000 2 2 1294 DETACHD
15 GREENRIDGE CT #Main $324,900 3 2.1 1996 ATTACHD
19431 TUALAMERE AVE $339,900 3 1.1 1200 DETACHD
210 S STATE ST #9 $360,000 2 1.1 1516 CONDO
5402 CARMAN DR $400,000 3 1 1699 DETACHD
1528 CEDAR ST $445,622 3 2 2760 DETACHD
523 2ND ST #105 $489,000 2 2 1208 CONDO
2701 LAKEVIEW BLVD $589,000 4 2.1 3448 DETACHD
6150 KENNY ST $599,000 3 2.1 2070 DETACHD
5466 BAY CREEK DR $615,000 3 3 2535 DETACHD
607 ASH ST $659,000 4 3.1 2860 DETACHD
999 OXFORD DR $664,500 4 3 3191 DETACHD
159 5TH ST $849,000 4 3 2970 DETACHD
15550 QUARRY RD $850,000 4 3 2674 DETACHD
17980 KELOK RD $899,900 4 2.1 2969 DETACHD
475 8th ST $999,950 4 2.1 2699 DETACHD
3119 WEMBLEY PARK RD $1,125,000 4 3.1 3633 DETACHD
18012 EASTRIDGE LN $1,295,000 4 3.1 4526 DETACHD
2201 HAZEL RD $1,600,000 4 4.1 5446 DETACHD
1175 CHERRY CIR $2,349,000 6 4.1 6000 DETACHD
16852 ALDER CIR $2,395,000 4 3.1 2873 DETACHD
1193 FAIRWAY RD $3,188,000 5 4.2 7028 DETACHD
16842 ALDER CIR $4,750,000 5 3.2 5144 DETACHD

PENDING SALES (June 20 – July 26, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #35 $109,900 1 1 617 CONDO 41
47 EAGLE CREST DR#27 $129,000 2 1 947 CONDO 36
170 OSWEGO SMT #Grnd $145,000 2 2 1506 CONDO 105
5061 FOOTHILLS DR #E $221,000 2 2 991 CONDO 3
48 EAGLE CREST DR #Upper $250,000 3 2 1550 CONDO 169
6331 SHAKESPEARE ST $299,900 3 1.1 992 DETACHD 67
12844 BOONES FERRY RD #Grnd $309,900 2 2.1 1152 CONDO 19
4725 LAKEVIEW BLVD $349,900 3 2 1589 DETACHD 18
5132 TIMBERGROVE ST $380,000 3 2 1430 DETACHD 11
4545 DOGWOOD DR $519,000 3 2 2483 DETACHD 2
13611 BLAZER TRL $519,900 4 2.1 2549 DETACHD 3
15518 HERITAGE CT $525,000 4 3.1 2700 DETACHD 66
13010 SIERRA CT $545,000 4 2.1 3065 DETACHD 1
345 E AVE $575,000 3 2 1582 DETACHD 59
432 LIVINGOOD LN $575,000 4 3 2527 DETACHD 11
3752 TEMPEST DR $583,000 4 2.1 3017 DETACHD 3
19664 RIVER RUN DR $585,000 4 2.1 3051 DETACHD 84
17721 OVERLOOK CIR $599,900 4 2.1 3172 DETACHD 44
1270 HIDE A WAY CT $625,000 3 2.1 2312 DETACHD 4
7140 CHILDS RD $649,700 3 3 2600 DETACHD 9
877 CORNELL ST $659,000 3 3 3100 DETACHD 415
5148 WOODCREST LN $699,000 5 3 3110 DETACHD 3
1562 CHANDLER RD $779,000 3 3 2307 DETACHD 2
1330 PINE ST $799,900 4 3.1 3775 DETACHD 12
18383 OLD RIVER DR $895,000 4 4.1 4548 DETACHD 33
18245 RIVER EDGE CT $1,100,000 3 3 4830 DETACHD 18
17327 KELOK RD $1,150,000 3 3 2300 DETACHD 105
18418 OLD RIVER LNDG $1,799,000 4 3.2 6404 DETACHD 190
16829 GREENBRIER RD $2,395,000 5 3.1 3927 DETACHD 158

SOLD  (June 20 – July 26, 2015)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #42 $100,000 $95,000 2 1.1 822 CONDO 28
234 GREENRIDGE DR $329,900 $325,000 3 2 1492 ATTACHD 2
686 8TH ST $995,000 $375,000 4 3 3200 DETACHD 40
1428 GREENTREE CIR $425,000 $395,000 4 2.1 2236 DETACHD 120
1448 CEDAR ST $500,000 $420,000 4 3 2544 DETACHD 628
11 CHURCHILL DOWNS $430,500 $430,500 4 2.1 2336 DETACHD 81
4793 AUBURN LN $450,000 $435,000 3 2.1 2083 ATTACHD 20
1500 WOODLAND TER $486,000 $472,500 3 2.1 2499 DETACHD 42
2251 SUMMIT DR $599,000 $500,000 5 3 2676 DETACHD 118
71 TOUCHSTONE $509,900 $516,000 4 3 2211 DETACHD 3
674 LIVINGOOD LN $548,900 $548,900 4 2.1 2714 DETACHD 6
18420 DEER OAK AVE $629,900 $630,000 4 3 2476 DETACHD 1
6484 MCDUFF CT $749,000 $724,100 4 4 3120 DETACHD 18
5590 KODERRA AVE $828,800 $829,000 4 2.1 3289 DETACHD 10
50 BRIARWOOD RD $949,000 $880,000 6 6 6000 DETACHD 497
1578 VIEW LAKE CT $1,549,000 $1,449,000 4 4.1 4476 DETACHD 35
983 LAKE FRONT RD $1,595,000 $1,451,000 3 2.1 2199 DETACHD 76

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.