Author: Ron Ares

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Lake Oswego Open Houses – October 4-5, 2008

Whoa…a copious number of open houses this weekend in Lake Oswego. If you’re in the $1M+ price range, this list ought to keep you busy.

Here’s the list of Lake Oswego open houses for Saturday and Sunday:

Date Time MLS # Address
List Price
Bdrms
Baths
Total SF
10/5/08 1 to 4pm 8071442 5487 SW TUALATA CT
$285,000
3
3
1,500
10/5/08 12:-30-3:30 8060647 4458 THUNDER VISTA LN
$334,500
3
2.1
2,200
10/5/08 1-3pm 8095056 57 GREENRIDGE CT
$349,900
2
2
1,314
10/5/08 1-4pm 8089458 918 LAKE FRONT RD
$399,999
2
1
921
10/4/08 12pm-2pm 8070627 2256 GLENMORRIE DR
$415,000
3
2
1,798
10/5/08 2:30-4:30 8093016 75 CONDOLEA WAY
$449,000
3
3
2,131
10/5/08 12 to 3 8082573 668 4TH ST
$449,900
2
2
1,502
10/5/08 2-4pm 8068876 1265 ROCKINGHORSE LN
$459,000
4
3
2,402
10/5/08 1-3pm 8095301 3355 UPPER DR
$539,000
4
2
3,205
10/5/08 1:00-3:00 8083631 17445 LAKE HAVEN DR
$579,900
4
3
2,949
10/5/08 2-4pm 8066402 1141 TROON RD
$677,950
4
3
2,522
10/5/08 1-4PM 8096025 3211 ALBER SPRING CT
$679,000
4
2.1
3,002
10/5/08 1-3pm 8048262 17561 SHEPHERDS CT
$699,950
4
2.1
3,011
10/5/08 1-3pm 8078098 5960 CLAIRMONT CT
$749,000
4
2.1
3,000
10/4/08 Noon – 2 8090484 3885 UPPER DR
$799,900
4
2.1
3,122
10/5/08 1-4 PM 8084663 426 7TH ST
$875,000
4
2.1
2,902
10/5/08 2:00-4:00 8057344 3030 SW WESTVIEW CT
$959,000
4
2.1
3,400
10/5/08 12-3pm 8075613 15540 VILLAGE DR
$988,000
5
2.1
3,780
10/5/08 1-4pm 8083109 17878 HILLSIDE DR
$995,000
5
3
3,462
10/5/08 2:00-4:00 8062673 3407 LAKE GROVE AVE
$1,138,000
4
3.2
4,475
10/5/08 3-5pm 8027815 14067 GOODALL RD
$1,149,000
4
3.1
3,784
10/5/08 1-3pm 8035828 18253 Siena DR
$1,274,500
5
4
4,281
10/5/08 1-3pm 8003164 17464 RIDGEVIEW LN
$1,298,950
4
3.1
4,407
10/5/08 1-3pm 8037111 622 OAK MEADOW DR
$1,325,000
4
3.1
4,171
10/5/08 1-3pm 8056075 664 OAK MEADOW DR
$1,355,000
4
3.1
4,198
10/5/08 1-3pm 8035967 18224 Bella Terra DR
$1,395,000
4
4
4,050
10/5/08 1-3pm 8035973 18231 Siena DR
$1,425,000
4
3.2
4,064
10/5/08 3-5pm 8079793 943 SW ATWATER RD
$1,435,000
4
2.1
3,874
10/5/08 1-3pm 8011074 17433 RIDGEVIEW LN
$1,495,000
4
4.1
4,704
10/5/08 1-3pm 8035974 18209 Siena DR
$1,525,000
5
4.1
4,400
10/5/08 1-3pm 8035813 18110 Siena DR
$1,650,000
4
3.1
4,311
10/5/08 11am-1pm 8087043 13200 THOMA RD
$2,395,000
5
5.2
7,648

Please note, dates and times are subject to change without notice. This list may not contain ALL open houses in the city, but represent those that agents have publicized in the multiple listing service as of Friday afternoon. Listings courtesy of RMLS.

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Lake Oswego Real Estate Market Activity – July 21, 2008

On VacationWe’d like to post the Lake Oswego real estate market results for the past week, but our highly skilled, but woefully underpaid database guru is on vacation. He apparently will not be publishing Open House information this week, either.

Perhaps his participation and input will be more appreciated during this absence, and he can get paid in something more than Mountain Dew and pizza when he returns.

In the meantime, please return next Monday for a two-week recap. If you have any questions in the interim, give either Dianne or Linda a note or call.

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Dispelling Eight Lake Oswego Myths

Trestle approaching Lake OswegoOn occasion at the PropertyBlotter, we will lapse into the nostalgic and the historic.

Today, we share a handful of myths concerning the lake, the town, founders, its early industry, and famous headstones.

(Full disclosure: I got this from the very interesting Oswego Heritage Council site).

  1. Oswego Lake is not an artificial lake. The natural lake was enlarged by successive dams that raised the water level and by a canal that connected it to the Tualatin River in 1873. Lakewood Bay, on the other hand, is largely man-made. It was originally a marsh, known as the Duck Pond. Developers flooded this swampy area in 1928 by digging a channel that linked it to the main lake.
  2. It is frequently said that Albert Alonzo Durham named Oswego after his birthplace in New York. However, Durham was born in Chenango County, not in Oswego, New York.
  3. The iron furnace in George Rogers Park is not a “chimney” or a “chimneystack.” This misconception probably stems from the fact that the stone tower containing the smelting chamber is called a “stack.” When it was operating, the furnace was a roaring inferno filled with burning charcoal and iron ore. A 33-foot-tall brick chimney once topped the furnace, but it was dismantled in the late 19th century. The furnace is also sometimes mistakenly called a foundry. An iron foundry re-melts pig iron and casts metal products.
  4. “Smelter” or “furnace” — what’s the right term? Oswego residents said “furnace” in the 19th century, which explains how Furnace Street got its name. Sometime in the early 20th century, residents began calling it a “smelter.” While this is technically correct, the term used by most historians is “furnace.” In the National Register of Historic Places the Oswego Iron Furnace is listed as the “Oregon Iron Company Furnace” after the company that built it in 1866.
  5. Oswego was not the first town to produce pig iron west of the Rocky Mountains. The Mormons built a small furnace at Cedar City, Utah in the 1850s. However, the 1866 Oswego Furnace was the first iron furnace on the West Coast. It was also the longest running and most productive of four furnaces built west of the Rockies in the 19th century.
  6. Oswego’s dream of becoming the “Pittsburgh of the West” was hardly unique. No less than eleven towns with mining or industrial ambitions aspired to this title. Among them were Kirkland, Washington; Richmond, California; Pueblo, Colorado; Eureka, Nevada; Llano, Texas; East Saint Louis, Illinois; and Terre Haute, Indiana.
  7. The city of Lake Oswego is not named after Oswego Lake. On the contrary, the lake is named after the town. Until 1913 the lake was called Sucker Lake. At the beginning of the 20th century developers searched for a more marketable name, at one time considering “Lake Tualatin.” In 1913 they successfully petitioned the U.S. Geographic Board to change the name to Oswego Lake. In 1960 when the city incorporated much of Lake Grove, the names of both communities were combined and the city was renamed Lake Oswego.
  8. Linus Pauling is not buried in the Oswego Pioneer Cemetery although there is a headstone there with his name on it. Pauling died in 1994 at his ranch in California. The family placed the headstone in the cemetery to honor his memory in the town where his relatives are buried and where he spent part of his childhood. Pauling’s grandfather was a German immigrant who came to Oregon to work in the Oswego Iron Furnace. Linus Pauling is the only winner of two unshared Nobel prizes: the prize for chemistry in 1954 and the Peace Prize in 1963.

Now, you know the rest of the story.

Source: Oswego Heritage Council. Photo courtesy of City of Lake Oswego.

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Bountiful Lake Oswego Parks Supply Myriad of Activities

Residents young and old flock to the bevy of parks sprinkled throughout Lake Oswego neighborhoods. And why shouldn’t they, with around 400 acres of greenspace, picnic areas, ballfields, trails, waterfront access and more to enjoy? With the summer (finally) upon us, it’s time to get out and explore!

Here’s a list of Lake Oswego parks with designations for sports, play/picnic, and trails. Be sure to scroll down for a map locating each of these spots with more in-depth descriptions.

Park Acres
Play /
Picnic
Sports /
Fields
Trails /
Wilderness
 Unique Features
Bryant Woods
16.7
•
  
Canal Acres
31.1
•
  
Cooks Butte
41.9
•
  
Foothills
10.0
•
riverfront
Freepons
5.9
•
•
  
Glenmorrie
2.3
•
•
  
George Rogers
26.1
•
•
•
 waterfront access
Greentree
0.4
•
 
Iron Mountain
43.0
•
  
Luscher
65.9
•
 off-leash dogs,
community gardens
McNary
2.3
•
 
Millenium
2.0
•
downtown center
Palisades
0.6
•
 
Pennington
1.0
•
  
Pilkington
3.7
•
 
Pine Cone
0.5
•
 
Hide-a-way
0.2
•
 
River Run
7.0
•
  
Roehr
7.5
•
•
 amphitheatre
Rossman
0.6
•
 
Southwood
2.5
•
  
Springbrook
52.1
•
  
Waluga (East)
24.7
•
•
•
  
Waluga (West)
28.5
•
•
  
Westlake
11.0
•
•
 
Westridge
2.2
•
•
•
 volleyball


View Larger Map

Visit the Lake Oswego Parks Department and download the Lake Oswego City Guide to Parks (PDF file)

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Lake Oswego Real Estate Market Activity – June 2-8, 2008

Fifty-three new listings arrived on the Lake Oswego real estate scene last week, while 23 homes found themselves new or potential owners (sold or pending).

Here is the latest Lake Oswego real estate market activity report (see below the tables for additional notes):

NEWLY LISTED (JUNE 2 – 8, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
86 KINGSGATE RD
$159,900
2
2
849
 CONDO
6/6
4087 JEFFERSON PKWY
$240,000
2
2.1
1,851
 ATTACHD
6/5
668 MCVEY AVE
$269,000
1
1
636
 CONDO
6/2
3797 LANEWOOD ST
$312,900
3
1
2,560
 DETACHD
6/2
3787 LANEWOOD ST
$319,900
3
1.1
1,344
 DETACHD
6/2
16015 SW WALUGA DR
$365,000
4
2
2,010
 DETACHD
6/5
5400 SW DAWN AVE
$367,000
3
1
1,216
 DETACHD
6/5
16284 SW BONAIRE AVE
$369,900
3
2
1,032
 DETACHD
6/1
1647 DEVON LN
$369,900
3
2.1
2,494
 DETACHD
6/2
4347 SILVER CT
$375,500
3
2.1
1,850
 ATTACHD
6/1
1635 ASPEN ST
$397,000
3
2.1
1,618
 DETACHD
6/5
100 LEONARD ST
$418,900
2
2
1,364
 CONDO
6/6
17304 MARJORIE AVE
$425,000
3
1.1
1,340
 DETACHD
6/1
1725 FERNWOOD DR
$449,000
4
2
1,580
 DETACHD
6/5
2400 PARK RD
$449,900
3
2.1
1,960
 DETACHD
6/1
16969 ALDER CIR
$469,000
3
2
1,534
 DETACHD
6/1
3 CELLINI CT
$539,900
4
2.1
2,500
 DETACHD
6/1
17121 WALL ST
$549,000
3
2.1
2,187
 DETACHD
6/5
14003 AMBERWOOD CIR
$589,000
4
2.1
2,652
 DETACHD
6/5
2584 PARK RD
$599,999
4
2
2,302
 DETACHD
6/1
20 WALKING WOODS DR
$639,500
5
3
3,144
 DETACHD
6/1
5624 SOUTHWOOD DR
$645,000
4
3
3,120
 DETACHD
6/5
56 SPINOSA
$649,900
5
3.1
3,808
 DETACHD
6/4
12456 SW Orchard Hills DR
$649,950
4
2.2
3,104
 DETACHD
6/3
653 RIDGEWAY RD
$650,000
3
2
1,808
 DETACHD
6/5
14121 GABRIELLE CT
$698,500
4
2.1
3,015
 DETACHD
6/1
5310 Washington CT
$729,900
3
2.1
3,328
 DETACHD
6/2
15837 ALLISON PL
$739,000
4
2.1
3,534
 DETACHD
6/6
15815 ALLISON PL
$749,000
4
2.1
3,534
 DETACHD
6/6
4064 ORCHARD DR
$749,900
4
2.1
3,600
 DETACHD
6/2
435 8TH ST
$749,900
4
3.1
2,505
 DETACHD
6/3
5384 Washington CT
$769,900
3
2.1
3,228
 DETACHD
6/2
18036 SKYLAND CIR
$778,900
3
2.1
3,000
 DETACHD
6/2
17386 BLUE HERON RD
$824,900
4
3.1
4,063
 DETACHD
6/5
595 D AVE
$849,000
3
2
3,760
 DETACHD
6/5
16176 MATTHEW CT
$849,000
4
2.1
3,474
 DETACHD
6/4
1670 PINE ST
$885,000
4
4
3,286
 DETACHD
6/2
727 LAUREL ST
$949,000
4
3.1
2,924
 DETACHD
6/6
17760 LAKE HAVEN DR
$999,000
4
2.1
2,051
 DETACHD
6/3
1606 BAY VIEW LN
$1,075,000
5
3.1
4,288
 DETACHD
6/1
163 IRON MOUNTAIN BLVD
$1,095,000
3
1.1
1,968
 DETACHD
6/3
2680 GLEN EAGLES RD
$1,199,000
3
3
3,000
 DETACHD
6/2
577 MIDDLECREST RD
$1,200,000
4
2.1
2,000
 DETACHD
6/1
12439 SW 22ND AVE
$1,299,000
4
3.1
4,118
 DETACHD
6/4
664 OAK MEADOW DR
$1,355,000
4
3.1
4,198
 DETACHD
6/4
17512 GREENBLUFF DR
$1,425,000
4
3
3,777
 DETACHD
6/6
17951 MEADOWLARK LN
$1,689,990
4
3.2
5,065
 DETACHD
6/4
18025 SKYLAND CIR
$1,749,000
4
3.2
5,379
 DETACHD
6/2
19175 EASTSIDE RD
$1,759,900
5
4.1
5,263
 DETACHD
6/1
13900 SW GOODALL RD
$2,250,000
5
3.1
4,212
 DETACHD
6/5
17860 CRESTLINE DR
$3,100,000
4
5.2
6,810
 DETACHD
6/2
1066 NORTHSHORE RD
$3,650,000
4
5.1
4,224
 DETACHD
6/7
3012 LAKEVIEW BLVD
$5,750,000
4
4.1
5,957
 DETACHD
6/6

PENDING SALES (JUNE 2 – 8, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
PENDING DATE
88 Galen
$137,987
2
1
923
 CONDO
34
44 EAGLE CREST DR
$149,500
2
1
908
 CONDO
4
165 OSWEGO SMT
$209,900
2
2
1,383
 CONDO
458
3691 LANEWOOD ST
$274,900
3
1.1
1,284
 DETACHD
0
3545 UPPER DR
$375,000
3
2
1,348
 DETACHD
4
17650 ARBOR LN
$399,900
3
3
2,043
 DETACHD
345
555 2ND ST
$425,600
2
2
1,120
 CONDO
454
1602 GREENTREE RD
$449,900
3
2
1,708
 DETACHD
97
16 CHURCHILL DOWNS DR
$520,000
3
2.1
2,056
 DETACHD
2
5746 CHARLES CIR
$599,000
4
2.1
2,737
 DETACHD
59
4786 AVERY LN
$619,000
5
2.1
2,927
 DETACHD
215
5413 LANGFORD LN
$728,950
3
2.1
2,891
 DETACHD
427
18000 S EASTRIDGE LN
$1,995,500
4
4
5,260
 DETACHD
246

SOLD (MAY 26 – JUNE 1, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
16584 SW ROOSEVELT AVE
$269,900
$200,000
2
1
1,188
 DETACHD
45
5056 FOOTHILLS DR
$317,500
$275,000
2
2
1,252
 CONDO
115
343 5TH ST
$319,500
$305,000
2
1
910
 CONDO
34
16 Aquinas ST
$349,900
$320,000
3
2
1,569
 DETACHD
73
727 9th Street
$449,000
$375,000
1
1
780
 DETACHD
144
16400 WESTVIEW RD
$429,500
$421,000
2
1
1,217
 DETACHD
6
836 MAPLE ST
$489,900
$450,000
3
2.1
1,700
 DETACHD
221
1982 PARK FOREST AVE
$519,900
$519,900
5
3
2,692
 DETACHD
11
2445 PARK RD
$659,900
$650,000
5
3
3,200
 DETACHD
63
19124 MEGAN PL
$768,500
$743,000
4
2.1
3,584
 DETACHD
82

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.

If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.

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Lake Oswego Open Houses – June 6-7, 2008

Another long list of homes await home tour aficionados and home shoppers this weekend in Lake Oswego.

Here’s the list of Lake Oswego opens for Saturday and Sunday:

Date Time Address
List Price
Bdrms
Baths
Total SF
6/8/08 1-3 p.m. 86 KINGSGATE RD
$185,000
2
2
938
6/8/08 1-3 p.m. 9 EAGLE CREST DR
$299,000
2
2
1,492
6/8/08 1-4pm 4458 THUNDER VISTA LN
$339,500
3
2.1
2,200
6/8/08 1-4pm 1695 MEADOWS DR
$417,500
4
3
2,185
6/8/08 12-2pm 17755 HILL WAY
$419,900
3
3
1,887
6/8/08 2-4:30pm 17304 MARJORIE AVE
$425,000
3
1.1
1,340
6/8/08 1:00-3:00 PM 18929 SW TERRY AVE
$429,950
4
2
2,065
6/8/08 1-3 p.m. 16990 LOWER MEADOWS DR
$449,900
3
2.1
2,000
6/8/08 1-4pm 17870 DEERBRUSH AVE
$449,900
3
2.1
1,912
6/8/08 1-3pm 4760 LOWER DR
$450,000
3
3
3,252
6/8/08 1:00-3:00 666 3RD ST
$454,950
3
1.1
1,759
6/8/08 1-4 PM 960 9TH ST
$525,000
3
1
1,429
6/8/08 1 to 4 3721 TEMPEST DR
$589,900
4
2.1
2,572
6/8/08 1-3 PM 4729 CAMBRIDGE CT
$599,900
2
2.1
3,056
6/8/08 1-4pm 5624 SOUTHWOOD DR
$645,000
4
3
3,120
6/8/08 1-4pm 8 CAMELOT CT
$650,000
5
3
3,080
6/8/08 1-4pm 4691 CHELSEA LN
$689,900
4
2.1
3,102
6/8/08 1-3 p.m. 14121 GABRIELLE CT
$698,500
4
2.1
3,015
6/8/08 1:30-3:30 17 SCARBOROUGH DR
$699,900
4
2.1
3,290
6/8/08 1pm-3pm 2650 LOOKOUT CT
$699,900
4
3.1
3,480
6/7/08 1-4pm 18086 JENIFERS WAY
$719,900
3
2.1
2,566
6/8/08 1-4 PM 18086 JENIFERS WAY
$719,900
3
2.1
2,566
6/8/08 1-3 p.m. 17706 MARYLBROOK DR
$724,900
3
2.2
2,977
6/8/08 1-4PM 34 HILLSHIRE DR
$740,000
4
2.1
3,822
6/8/08 1-4pm 17755 TREETOP LN
$769,000
5
3.1
3,864
6/8/08 1-4pm 2704 ORCHARD HILL LN
$789,000
5
3
3,207
6/8/08 12:30-2:30 3540 RED CEDAR WAY
$999,000
5
3.1
4,100
6/8/08 1PM -4PM 4311 HAVEN ST
$1,086,750
5
4
3,816
6/8/08 1PM – 4PM 950 OAK TER
$1,199,950
4
2.1
3,714
6/8/08 1-3 p.m. 577 MIDDLECREST RD
$1,200,000
4
2.1
2,000
6/7/08 1-4pm 12439 SW 22ND AVE
$1,299,000
4
3.1
4,118
6/8/08 1-4pm 12439 SW 22ND AVE
$1,299,000
4
3.1
4,118
6/8/08 1-3 p.m. 622 OAK MEADOW DR
$1,325,000
4
3.1
4,168
6/8/08 1-3 p.m. 17464 RIDGEVIEW LN
$1,348,950
4
3.1
4,407
6/7/08 1-4pm 12424 SW 22ND AVE
$1,350,000
5
4.1
4,771
6/8/08 1-4pm 12424 SW 22ND AVE
$1,350,000
5
4.1
4,771
6/8/08 1-3 p.m. 664 OAK MEADOW DR
$1,355,000
4
3.1
4,198
6/8/08 1-3 p.m. 17433 RIDGEVIEW LN
$1,495,000
4
4.1
4,659
6/7/08 3:00-5:00 1725 EDGECLIFF TER
$2,199,000
3
3.5
5,386

Please note, dates and times are subject to change without notice. This list may not contain ALL open houses in the city, but represent those that agents have publicized in the multiple listing service as of Friday afternoon. If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.

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Lake Oswego Real Estate Market Results – April 2008

A quick recap for Lake Oswego’s April real estate results…

The sales volume in Lake Oswego during April (41 sold) was about 1/2 of April 2007’s pace (85 sold) for all condo, attached, and single-family homes. On the upside, heading into May, approximately 85 homes are sale pending.

The light statistical sample is heavily affected by Lake Oswego’s single-family home price range, so average pricing for all homes was still north of $623,000.

Buyers are looking for values, and as of early May, have access to nearly 680 active listings. That may have a lot to do with April’s final sale prices coming in at 90% average of sellers’ original listing price.

Following is a breakdown of property types by average sale prices, market time, and size:

LAKE OSWEGO MARKET ACTIVITY – APRIL, 2008

PROPERTY TYPE
QUANTITY SOLD
AVG SALE PRICE
AVG SQ. FT.
SALE PRICE VS. ORIG. LIST PRICE
AVG MARKET TIME*
Condominiums
10
$231,695
1,159
78%
152
Attached Homes
2
$457,000
2,060
98%
11
Single Family Detached Homes
29
$769,813
3,149
91%
103
SUMMARY
41
$623,306
2,611
90%
110

* Market time or Days on Market (DOM) refers to the number of days between the time the listing becomes active in the multiple listing service and the date of when an offer has been accepted by the seller.

Data courtesy of RMLS.

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Lake Oswego Real Estate Activity – May 5-11, 2008

The Lake Oswego real estate market is moving along the past couple weeks at a pretty healthy clip. Since our last report, 28 homes have sold or gone under contract. Of course, another 50 listings entered the market, so inventory is still up there, too.

Here is the latest Lake Oswego real estate market activity report (look to the bottom for definitions and research criteria):

NEWLY LISTED (May 5 – 11, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
4000 CARMAN DR
$148,000
1
1
767
CONDO
5/5
45 EAGLE CREST DR
$149,900
1
1
600
CONDO
5/8
47 EAGLE CREST DR
$153,500
2
1
932
CONDO
5/7
46 CRESTFIELD CT
$175,000
2
1
923
CONDO
5/4
750 1ST ST
$239,000
2
2
1,350
CONDO
5/6
296 CERVANTES
$259,900
2
2.1
1,137
CONDO
5/6
16250 PACIFIC HWY
$269,850
2
2
1,311
CONDO
5/7
200 BURNHAM RD
$289,850
2
2
1,335
CONDO
5/6
200 BURNHAM RD
$309,850
2
1
1,216
CONDO
5/6
200 BURNHAM RD
$315,850
2
1
1,216
CONDO
5/6
16470 SW CARNEGIE AVE
$319,000
3
2
1,040
DETACHD
5/10
200 Burnham RD
$319,850
2
2
1,313
CONDO
5/6
4454 THUNDER VISTA LN
$324,900
2
2.1
2,040
CONDO
5/8
17239 REBECCA LANE
$399,900
4
2.1
1,970
DETACHD
5/4
2760 OVERLOOK DR
$419,900
4
2.1
2,441
DETACHD
5/7
16400 WESTVIEW RD
$429,500
2
1
1,217
DETACHD
5/7
907 BULLOCK ST
$429,500
4
2
2,020
DETACHD
5/7
18156 PIONEER CT
$429,900
3
2
1,600
DETACHD
5/8
2638 GREENTREE RD
$449,900
4
2
2,373
DETACHD
5/4
615 LAKE BAY CT
$469,000
4
2
2,542
DETACHD
5/6
4188 COBB WAY
$479,000
4
2
2,192
DETACHD
5/8
17920 DEERBRUSH AVE
$489,900
4
3
2,410
DETACHD
5/8
441 9TH ST
$499,900
3
2
2,408
DETACHD
5/9
17101 CHAPIN WAY
$499,900
3
2
1,949
DETACHD
5/10
15611 SW PARTRIDGE DR
$529,900
4
2.1
2,300
DETACHD
5/4
5434 YORKSHIRE PL
$559,000
3
3
2,335
DETACHD
5/4
1041 OXFORD DR
$564,500
4
3.1
2,712
DETACHD
5/4
2751 SUMMIT DR
$565,900
3
2
2,278
DETACHD
5/8
6351 SW BURMA RD
$649,900
2
1
2,016
DETACHD
5/8
4 CAMELOT CT
$649,900
5
3
3,344
DETACHD
5/10
5492 YORKSHIRE PL
$649,990
4
2.1
2,515
DETACHD
5/5
17 CELLINI CT
$655,000
5
3.1
3,066
DETACHD
5/4
52 CONDOLEA CT
$695,000
2
2.1
2,958
CONDO
5/4
18086 JENIFERS WAY
$719,900
3
2.1
2,566
DETACHD
5/5
5644 SUNCREEK DR
$774,500
4
3.1
3,524
DETACHD
5/9
13234 DEERFIELD CT
$779,000
4
3
3,366
DETACHD
5/4
9 JUAREZ ST
$805,000
3
3.1
2,823
DETACHD
5/5
586 WEIDMAN CT
$839,900
5
3.1
3,796
DETACHD
5/4
645 Country Club RD
$859,900
4
2.1
3,262
DETACHD
5/6
1273 WELLS ST
$888,500
3
3
4,001
DETACHD
5/7
2941 WESTVIEW CIR
$925,000
4
2.1
3,075
DETACHD
5/7
4136 CASEY CT.
$998,850
5
3.1
3,998
DETACHD
5/5
2430 SUMMIT CT
$1,400,000
2
2
2,911
DETACHD
5/4
16545 MAPLE CIR
$1,439,000
3
2.1
3,336
DETACHD
5/5
2201 HAZEL RD
$1,725,000
5
3.1
5,446
DETACHD
5/5
320 CHANDLER PL
$2,300,000
5
3.1
4,675
DETACHD
5/4

PENDING SALES (May 5 – 11, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
PENDING DATE
343 5TH ST
$319,500
2
1
910
CONDO
3/31
4840 LAMONT WAY
$324,500
3
2
1,773
DETACHD
3/7
4902 SW CHILDS RD
$385,000
3
1.1
1,370
DETACHD
3/28
727 9th Street
$395,000
1
1
780
DETACHD
12/14
12821 SIERRA VISTA DR
$649,900
5
3.1
3,329
DETACHD
3/5
1630 COUNTRY COMMONS
$1,050,000
4
2.1
3,776
DETACHD
4/10
1501 COUNTRY CLUB RD
$1,249,000
4
4
4,687
DETACHD
5/1
12210 SW ORCHARD HILL RD
$1,695,000
4
3.2
4,640
DETACHD
3/26
1730 NORTHSHORE RD
$1,775,000
3
4
3,625
DETACHD
1/6

SOLD (April 28 – May 4, 2008)

ADDRESS ORIG. PRICE SOLD PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
16200 PACIFIC HWY
$438,850
$309,850
2
2
1,200
CONDO
643
14331 SHERBROOK PL
$529,000
$325,000
3
2
1,952
DETACHD
599
615 LAKE BAY CT
$469,000
$405,950
4
2
2,542
DETACHD
2
17200 CANAL CIR
$430,000
$410,000
2
1.1
1,814
DETACHD
124
4630 WILDWOOD ST
$429,900
$415,000
3
2
2,067
DETACHD
20
1307 CEDAR ST
$499,950
$430,626
4
3
2,162
DETACHD
207
1711 HIGHLAND DR
$449,000
$455,000
3
2.1
1,926
DETACHD
2
18781 INDIAN CREEK WAY
$480,000
$480,000
4
2.1
2,076
DETACHD
9
14 PREAKNESS CT
$495,000
$485,000
2
2.1
2,047
ATTACHD
11
16872 QUAIL CT
$824,900
$730,900
4
3.1
3,120
DETACHD
22
17912 MEADOWLARK LN
$1,299,500
$750,000
4
3
3,087
DETACHD
410
5322 ROSALIA WAY
$799,000
$800,000
4
2.1
3,767
DETACHD
4
17577 BROOKHURST DR
$898,000
$870,000
3
2.1
3,894
DETACHD
128
18323 LOTHLORIEN WAY
$949,000
$886,000
4
3.1
3,550
DETACHD
34
17237 Lowenberg TER
$1,049,000
$962,500
3
2.1
3,095
DETACHD
18026 SKYLAND CIR
$1,490,000
$1,368,684
5
3.1
4,086
DETACHD
68
18284 MEADOWLARK LN
$1,699,900
$1,480,000
4
4.2
5,648
DETACHD
15

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.

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A Birds-Eye View of Lake Oswego Home Construction

Whether you’re in the market for a home in Lake Oswego or not, check out this cool mashup of maps and home construction history.

Developed by online real estate listings site Trulia, this application, called Hindsight, plots a sampling of an area’s home construction dates on top of a Microsoft Virtual Earth map. A timeline automatically starts scrolling from around the turn of the 20th century and as homes were built over time, they ‘bloom’ on the map.

Trulia Hindsight Map of Lake Oswego

The screen image shown here isn’t particularly evocative of the animation, so click on the image or here to experience it.

The Hindsight viewer shows the peak construction periods in Lake Oswego to be the mid 50’s, then throughout the ’70’s, and finally, a boom in the 90’s.

The best way to view this is to stare at the middle of the screen and let your peripheral vision absorb the data as the timeline scrolls. Zoom in for a little more detail, or zoom out to see the Portland metropolitan area.

Is this useful? Well, if you’re not familiar with Lake Oswego, you can pause, then slowly advance the scrollbar on the timeline to see where the homes of your preferred era have been built. For example, if you’re looking for the highest ratio of homes built in the 90’s, you might be attracted to the Westlake area. First Addition might appeal to vintage homeseekers.

Use it for research, or just for fun. Link to Lake Oswego Hindsight map

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Lake Oswego Real Estate Market Results – Q1 2008

The 1st quarter Lake Oswego real estate results for 2008 are in the books. Heading into the prime buying and selling season, how did the market fare?

For home sellers, the news wasn’t particularly heartening. Over the first quarter of 2008, Lake Oswego sold 125 condo, attached, and single-family homes. That figure is down 40% from the same period in 2007.

Across all property types, the average price came in at $591,131, which is up 7% from last year. The median (middlemost) value in the range is $495,000 (vs. $449,000 in 2007).

Following is a breakdown of property types by average sale prices, market time, and size:

LAKE OSWEGO MARKET ACTIVITY – JANUARY 1 – MARCH 31, 2008

PROPERTY TYPE
QUANTITY SOLD
AVG SALE PRICE
AVG SQ. FT.
SALE PRICE VS. ORIG. LIST PRICE
AVG MARKET TIME*
Condominiums
31
$223,935
1,156
88%
113
Attached Homes
6
$481,187
2,149
96%
24
Single Family Detached Homes
88
$727,981
2,808
92%
82
SUMMARY
125
$591,131
2,367
92%
87

Conclusions?

Do the results suggest that prices in Lake Oswego are still rising? In 2007, single family detached homes made up 56% of the total housing mix; this year, it’s 70% of the mix, having a much greater influence on the overall housing average. Looking just at single family homes, the average sale price is down 4% from last year’s first quarter.

A note of caution: Final sale prices on single family homes are coming in at 92% of the original list price, suggesting that sellers may be better off starting their pricing at a level reflective of a slowing market.

* Market time or Days on Market (DOM) refers to the number of days between the time the listing becomes active in the multiple listing service and the date of when an offer has been accepted by the seller.

Data courtesy of RMLS.