Here is your look at the most recent data for the entire Portland area and how Lake Oswego fits in to this picture below:
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April Average Sale Price + Appreciation (last 12 months):
The combined areas of Lake Oswego and West Linn for the month of April 2017 reported:
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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.
Earth Advantage Designation
I am pleased to let you know that I have become an Earth Advantage Designated Broker. What does this mean? It means that I have attended and passed a course that gives me this accreditation. I have a very strong personal interest in living my life sustain-ably and making choices based upon being environmentally aware (yes, I used cloth diapers on my children and adore re-usable grocery bags). So this felt like an easy and natural thing to take on. I want to share with you a bit of what I have learned.
Earth Advantage is a third-party organization that is very active here in Oregon. These organizations tend to be regional with about 70 of them around the United States. What they do is set standards that are regionally acknowledged to allow home owners, builders, and Realtors to have a basis of understanding a criteria of environmental sustainability.
Earth Advantage is commonly seen in new construction. Builders long ago learned that building to these standards is popular with home buyers. An Earth Advantage designation on a new home makes that home more competitive as a commodity to be sold. So it not only helps the environment, but it helps the profitability of the home for the builder. An Earth Advantage home must have met sustainability standards that are 15% more stringent than building just to local code requirements. This means the house is built to be energy efficient, it takes into consideration where materials come from, and how materials are disposed of. Did you know that it takes an average of 13 years for the world to recover the resources that go into building a new home?
Earth Advantage designations can also be given to homes that are already built. In fact, the most sustainable home you can buy is one that is already built. You can do improvements to an already built home, think new windows, insulation, water conservation, that will make the existing home come up to modern standards for sustainability. A good place to start is by contacting Energy Trust of Oregon (energytrust.org) and obtaining one of their free energy saver kits. To go straight to the website, click here.
This is going to come into play in a big way, particularly in the City of Portland. Beginning January 1, 2018, selling a house in Portland will require providing a home energy score to prospective purchasers. While this is not going to be required in Lake Oswego, I do believe it is going to raise awareness of houses energy efficiency for consumers, and that we will see buyers of homes in Lake Oswego asking for similar accommodations from sellers.
I think we pretty easily understand the benefits of energy efficiency and sustainability for houses. It saves money, particularly over time. It can be better for our health. And it is environmentally responsible. I think some of the most exciting things you can do when you start to prioritize energy efficiency and sustainability are also just super easy. Did you know that putting in a $10 low-flow shower head can save you about $150 a year? Wrapping your water heater with a $25 insulated blanket can save you $200 a year? Things like light bulbs, programmable thermostats, and smart power strips are inexpensive and give you big pay back.
OK. I’ll get down off of my soap box. I hope you can tell that this is a subject that I really like. Feel free to reach out with questions on this subject. All three of us, Linda, Whitney, and myself, love to hear from you.
Dianne
Radon. What is it? What to do.
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
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
Market Activity ~ March 27-April 2, 2017
Last week saw 11 New properties enter the market in Lake Oswego, 15 move to Pending status, and 15 “Closed”/Sold.
Following is the breakdown for you according to RMLS:
NEW on Mkt (Mar 27-Apr 2, 2017)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 181 OSWEGO SMT | $237,000 | 2 | 2 | 1383 | CONDO |
| #405 | $285,000 | 2 | 2 | 1325 | CONDO |
| 668 MCVEY AVE | $349,900 | 2 | 1 | 852 | CONDO |
| 5053 FOOTHILLS DR #F | $365,000 | 3 | 2 | 1252 | ATTACHD |
| 5463 TREE ST | $485,000 | 3 | 1.1 | 1460 | DETACHD |
| 1031 OXFORD DR | $549,000 | 3 | 2.1 | 2492 | DETACHD |
| 8 PIMLICO TER | $695,000 | 5 | 3 | 3120 | DETACHD |
| 2397 HILLSIDE LN | $739,000 | 5 | 3 | 2950 | DETACHD |
| 13327 ATWATER LN | $1,395,000 | 3 | 3 | 3004 | DETACHD |
| 888 FAIRWAY RD | $1,770,000 | 5 | 2.2 | 5788 | DETACHD |
| 16819 GREENBRIER RD | $1,995,000 | 4 | 4 | 3022 | DETACHD |
PENDING SALES (Mar 27-Apr 2, 2017)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 318 CERVANTES CIR | $189,900 | 2 | 1 | 832 | CONDO | 35 |
| 3970 CARMAN DR | $250,000 | 2 | 2.1 | 1129 | ATTACHD | 2 |
| 1602 BONNIEBRAE DR | $275,000 | 2 | 1 | 864 | ATTACHD | 7 |
| 234 RIDGEWAY RD | $289,900 | 2 | 1 | 914 | CONDO | 11 |
| 5056 FOOTHILLS DR #F | $350,000 | 3 | 2 | 1252 | CONDO | 17 |
| 3190 DUNCAN DR | $439,999 | 3 | 2.1 | 2401 | DETACHD | 3 |
| 2 DEL PRADO ST | $550,000 | 5 | 4 | 3287 | DETACHD | 2 |
| 4587 TRILLIUM WOODS | $650,000 | 3 | 2.1 | 2211 | ATTACHD | 2 |
| 5533 KENNY ST | $700,000 | 4 | 3 | 2900 | DETACHD | 5 |
| 15845 SW Alston WAY | $755,000 | 4 | 2.1 | 2682 | DETACHD | 575 |
| 820 BOCA RATAN DR | $785,000 | 4 | 3.1 | 2628 | DETACHD | 263 |
| 13 NANSEN SMT | $899,900 | 4 | 4.1 | 4625 | DETACHD | 1340 |
| 203 RIDGEWAY RD | $949,000 | 4 | 3.1 | 3624 | DETACHD | 646 |
| 18246 BELLA TERRA DR | $1,349,900 | 4 | 3.1 | 4196 | DETACHD | 52 |
| 4394 Lords LN | $1,350,000 | 4 | 3.1 | 3748 | DETACHD |
SOLD (Mar 27-Apr 2, 2017)
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 45 OSWEGO SMT | $109,899 | $90,000 | 1 | 1 | 764 | CONDO | 45 |
| 16250 PACIFIC HWY #43 | $229,000 | $226,500 | 2 | 2 | 1311 | CONDO | 189 |
| 5333 TREE ST | $400,000 | $400,000 | 3 | 1 | 1114 | DETACHD | 3 |
| 1180 OXFORD DR | $409,900 | $450,000 | 3 | 3 | 1760 | DETACHD | 8 |
| 6462 FROST ST | $499,000 | $490,000 | 4 | 2.1 | 2279 | DETACHD | 9 |
| 17605 HILL WAY | $500,000 | $510,000 | 3 | 2.1 | 2054 | DETACHD | 3 |
| 4585 TRILLIUM WOODS | $575,000 | $587,500 | 3 | 2.1 | 2004 | ATTACHD | 7 |
| 17821 SUNDOWN CT | $599,000 | $590,000 | 4 | 2.1 | 3368 | DETACHD | 165 |
| 4668 HASTINGS PL | $649,900 | $649,900 | 3 | 2.1 | 2432 | DETACHD | 3 |
| 1276 ROCKINGHORSE LN | $679,900 | $685,000 | 5 | 3 | 3304 | DETACHD | 4 |
| 4847 HASTINGS DR | $699,000 | $710,000 | 4 | 2.1 | 2703 | DETACHD | 4 |
| 2055 RIDGE POINTE DR | $775,000 | $745,000 | 5 | 3 | 3454 | DETACHD | 236 |
| 115 3RD ST – Upper | $799,000 | $754,400 | 4 | 2.1 | 2453 | CONDO | 216 |
| 18653 PILKINGTON RD | $1,100,000 | $1,100,000 | 4 | 3.1 | 3260 | DETACHD | 6 |
| 915 CEDAR ST | $1,200,000 | $1,200,000 | 4 | 3.1 | 3219 | DETACHD | 327 |
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.
A bit About Condos
I have always felt that my real estate business goes in waves. There have been times when I was heavily working waterfront on the lake, times when all my business seemed to be new construction, and times when I seemed to be selling older houses. Today I am in a condo wave. I have two listings that are condos and this weekend I have written offers on two more condos. I am up to my ears in condos. I think it is the universe telling me that I need to write a blog post about condos. So here are a few things to keep in mind if you are considering buying a condo.
First, and in my opinion the most important, is that you are not just buying a home, you are buying into a community. Condominiums are governed by Home Owner’s Associations. Your home inspection will have all of the usual criteria for checking out the structure and the components, but you will also have an inspection of the HOA documents.
HOA documents include rules and regulations that tell you what is and what is not allowed. All usually have a clause for “nuisance” behavior, but some can be pretty restrictive. I have seen rules that don’t let you have anything showing inside of your window that could be objectionable. The two most common issues that you will want to be sure of is whether or not pets are allowed and whether or not rentals are allowed. You need to know these things going in and not after you own it.
Other important documents are about the financial health of the association. You want to see that they have money in reserve to take care of maintenance and repairs. This will include the current year’s budget, and also a reserve study. The reserve study projects into the future for replacement of big items like roofs and siding. While I know everyone hates to pay a monthly HOA fee, and often will rule out buying a condo because the fee seems too high, it is actually super important that the fees collected are enough to not just pay for the current maintenance like mowing the lawns and paying for garbage removal, but also are enough to over time add up to some rather significant amounts of savings. If proper saving isn’t done, then when the time comes to do major repairs the association will be forced to do a special assessment to cover the costs. A special assessment is much more financially painful than smaller amounts collected monthly over time.
You will also want to see the meeting notes from the HOA meetings of the last year. If there is a problem in the complex, they are likely talking about it at the meetings.
Financing of a condo can also be challenging when you go to get a mortgage. Most HOA’s restrict how many units can be rented out and this is important. Fannie Mae lending guidelines require that at least 50% of the units be owner occupied. For financing such as VA and FHA, the criteria to obtain these types of loans require that the Home Owner’s Association apply for the qualification. The VA loan application is a one time issue and runs with the complex forever once it’s approved. FHA is more complicated and must be renewed every few years at a cost of both time and money. So to have FHA approval it requires a Board of Directors that is motivated and on the ball.
Condos are terrific because they are generally less expensive than a house, require much less personal labor to up keep, and are ideal if you want a lifestyle where you can lock your door and be away for extended periods. With the cost of housing being a premium, they are truly the only option for many people.
There are also a really wide variety of condos. Some are super luxurious with top-of-the-line finishes and services. Others are bare bones and feel like what they once were, apartments. The least expensive condo for sale in Lake Oswego right now is a 1 bedroom, 1 bath unit on State Street. It has 829 square feet and is for sale for $170,000. The most expensive has 4 bedrooms, 4.5 baths, with 4911 square feet and is listed for $1,798,000.
If you have other questions, please contact any one of us. Linda, Whitney and I are all here to help.
Dianne
News & Notes ~ Feb Data ~ 2017
The latest numbers for the entire Portland area for February 2017 are in!
I usually give our Property Blotter Readers a glimpse at the whole Portland market and how Lake Oswego fits into it below. Here you go!
According to the RMLS Market Action Report for the Portland Metro Area:
- There were 2,521 New Listings in February 2017 which was down 12.9% from February of 2016’s 2,896, but UP 14% from January of 2017’s total of 2,212.
- At 1,669, February Closed Sales were down 7.9% from February 2016’s 1,813, and also down 9.6% over the previous month/January 2017’s total of 1,847. (So, more sales Closed in January for people who were Pending during the year-end push.)
- February Pending Sales (accepted offers), at 2,369, fell 15% from February of 2016, but were UP 19% from the previous month/January 2017’s total of 1,990.
- The Average Sale Price in February of $404,200 was up $39,300 from February 2016’s $364,900, and down a bit from January 2017’s $409,900.
Average Sale Prices for February & Appreciation (12-month) By Area were:
- North Portland: $368,700 11.2%
- NE Portland: $429,500 12.2%
- SE Portland: $355,700 10.8%
- Gresham/Troutdale: $297,000 12.2%
- Milwaukie/Clackamas: $381,000 11.2%
- Oregon City/Canby: $403,700 11.7%
- Lake Oswego/West Linn: $661,500 16.5%
- W Portland: $527,400 13.8%
- NW Washington County: $528,500 10.6%
- Beaverton/Aloha: $336,000 12.5%
- Tigard/Wilsonville: $429,400 9.7%
- Hillsboro/Forest Grove: $367,500 14.5%
The combined areas of Lake Oswego and West Linn for the month of February 2017 reported:
- 252 Active Listings
- 148 New Listings
- 124 Pending Sales
- 79 Closed Sales
- Average Sale Price for February: $661,500
- 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: 87 Days
Market Activity ~ March 6-12, 2017
Last week saw 19 New properties enter the market in Lake Oswego, 23 move to Pending status, and 16 “Closed”/Sold.
Following is the breakdown for you according to RMLS:
NEW on Mkt (Mar 6-12, 2017)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 100 KERR PKWY #11 | $120,900 | 1 | 1 | 617 | CONDO |
| 16725 LAKE FOREST BLVD | $414,900 | 3 | 2 | 1392 | DETACHD |
| 5717 SW LANGFORD LN | $487,500 | 3 | 3 | 1800 | DETACHD |
| 3211 ROYCE WAY | $499,900 | 3 | 2.1 | 2395 | DETACHD |
| 5966 FROST LN | $550,000 | 4 | 2.1 | 2036 | DETACHD |
| 2401 MAYORS LN | $595,000 | 3 | 3 | 3004 | DETACHD |
| 15155 BROOK CT | $599,900 | 4 | 3 | 2388 | DETACHD |
| 1641 DEVON LN | $619,000 | 4 | 2.1 | 2013 | DETACHD |
| 37 CHURCHILL DOWNS | $634,000 | 3 | 2.1 | 2410 | DETACHD |
| 46 DA VINCI ST | $659,900 | 4 | 3 | 3378 | DETACHD |
| 1510 Cherry Crest DR | $714,000 | 6 | 4 | 3786 | DETACHD |
| 4890 SAGE HEN CIR | $750,000 | 4 | 2.1 | 2832 | DETACHD |
| 13745 CAMEO CT | $895,500 | 4 | 3 | 2844 | DETACHD |
| 3623 EENA RD | $1,090,000 | 4 | 3.1 | 3429 | DETACHD |
| 17327 KELOK RD | $1,299,000 | 3 | 3 | 2292 | DETACHD |
| 15800 OSWEGO SHORE CT | $1,299,900 | 4 | 3.1 | 4047 | DETACHD |
| 870 TERRACE DR | $1,329,000 | 5 | 3.1 | 4652 | DETACHD |
| 17399 CANAL CIR | $2,395,000 | 4 | 3.1 | 4442 | DETACHD |
| 2180 PRESTWICK RD | $3,100,000 | 3 | 4.1 | 4150 | DETACHD |
PENDING SALES (Mar 6-12, 2017)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 47 EAGLE CREST DR #48-C | $130,000 | 1 | 1 | 696 | CONDO | 6 |
| 64 CERVANTES CIR | $179,698 | 2 | 1.1 | 912 | CONDO | 2 |
| 46 CRESTFIELD CT /Upper | $189,000 | 2 | 1.1 | 923 | CONDO | 3 |
| 4000 CARMAN DR #60 | $200,000 | 2 | 2 | 866 | CONDO | 2 |
| 44 EAGLE CREST DR #11 | $210,000 | 3 | 2 | 1085 | CONDO | 22 |
| 4000 CARMAN DRn #A6 | $215,000 | 2 | 2 | 866 | CONDO | 2 |
| 5056 FOOTHILLS DR #G | $309,000 | 2 | 2 | 1252 | CONDO | 3 |
| 6030 SHAKESPEARE ST | $359,900 | 3 | 1 | 1056 | DETACHD | 5 |
| 16514 CARNEGIE AVE | $440,000 | 3 | 1.1 | 1182 | DETACHD | 7 |
| 1032 LAUREL ST | $535,000 | 4 | 2 | 2426 | DETACHD | 3 |
| 4585 TRILLIUM WOODS | $575,000 | 3 | 2.1 | 2004 | ATTACHD | 7 |
| 4286 ORCHARD WAY | $580,000 | 3 | 2 | 2106 | DETACHD | 18 |
| 6 DEL PRADO ST | $635,000 | 4 | 3 | 3318 | DETACHD | 3 |
| 17351 CANYON DR | $699,900 | 5 | 3 | 2944 | DETACHD | 4 |
| 5522 ROYAL OAKS DR | $715,000 | 4 | 2.1 | 2770 | DETACHD | 12 |
| 16038 REESE RD | $729,900 | 4 | 3 | 3189 | DETACHD | 5 |
| 577 LAUREL ST | $779,000 | 4 | 3.1 | 2747 | DETACHD | 204 |
| 205 5TH ST | $799,000 | 4 | 3 | 2556 | DETACHD | 111 |
| 13970 TAYLORS CREST LN | $869,000 | 4 | 2.1 | 3371 | DETACHD | 2 |
| 15199 LILY BAY CT | $878,000 | 5 | 3 | 2696 | DETACHD | 19 |
| 17521 LAKE HAVEN DR | $899,900 | 4 | 2.1 | 3080 | DETACHD | 5 |
| 2757 GLEN HAVEN RD | $1,590,000 | 4 | 3.1 | 4604 | DETACHD | 85 |
| 757 LAKE SHORE RD | $2,895,000 | 4 | 3.1 | 4098 | DETACHD | 126 |
SOLD (Mar 6-12, 2017)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 4625 LAKEVIEW BLVD/Grnd | $129,000 | $145,000 | 1 | 1 | 753 | CONDO | 8 |
| 86 KINGSGATE RD #F206 | $164,900 | $158,500 | 2 | 2 | 840 | CONDO | 1 |
| 326 CERVANTES CIR #13E | $189,900 | $185,000 | 2 | 1 | 832 | CONDO | 10 |
| 3680 SPRING LN #2B | $269,900 | $274,700 | 2 | 2.1 | 1152 | CONDO | 8 |
| 5228 BONITA RD | $330,000 | $290,000 | 4 | 2.1 | 1800 | DETACHD | 26 |
| 16411 INVERURIE RD | $350,000 | $325,000 | 2 | 1 | 920 | DETACHD | 1 |
| 19377 SYCAMORE AVE | $355,000 | $357,000 | 3 | 1 | 1008 | DETACHD | 3 |
| 4724 FIRWOOD RD | $405,000 | $410,000 | 3 | 1.1 | 1240 | DETACHD | 57 |
| 1838 OAK KNOLL CT | $649,000 | $577,500 | 4 | 2.1 | 2557 | DETACHD | 102 |
| 32 DA VINCI ST | $679,000 | $595,000 | 5 | 3 | 3460 | DETACHD | 217 |
| 1282 HIDE A WAY LN | $775,000 | $665,000 | 5 | 3 | 3249 | DETACHD | 152 |
| 57 EAGLE CREST DR | $679,900 | $685,000 | 5 | 2.1 | 3884 | DETACHD | 208 |
| 849 F AVE | $1,199,900 | $1,100,000 | 3 | 2.1 | 2674 | DETACHD | 101 |
| 12819 ALTO PARK RD | $1,199,900 | $1,130,000 | 4 | 4.1 | 4102 | DETACHD | 130 |
| 4331 LORDS LN | $1,289,900 | $1,340,269 | 5 | 4 | 3812 | DETACHD | 0 |
| 18008 GREENBLUFF DR | $2,095,000 | $1,650,000 | 3 | 3.1 | 4402 | DETACHD | 318 |
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.
Market Activity ~ Feb 6-19, 2017
The two week period from Feb 6-19 saw 17 New properties enter the market in Lake Oswego, 39 move to Pending status, and 24 “Closed”/Sold.
Following is the breakdown for you according to RMLS:
NEW on Mkt (Feb 6-19, 2017)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 15479 BRIANNE CT | $299,900 | 2 | 2.1 | 1204 | ATTACHD |
| 18455 SW Terry | $449,000 | 3 | 2 | 2257 | DETACHD |
| 16809 CORNELL ST | $535,000 | 3 | 3.1 | 3034 | DETACHD |
| 4286 ORCHARD WAY | $580,000 | 3 | 2 | 2106 | DETACHD |
| 900 DEVON LN | $595,000 | 4 | 3 | 2234 | DETACHD |
| 17582 CARDINAL DR | $599,900 | 4 | 2.1 | 2326 | DETACHD |
| 17020 CHAPIN WAY | $675,000 | 4 | 3 | 3258 | DETACHD |
| 5622 CARMAN DR | $689,900 | 4 | 2 | 2164 | DETACHD |
| 15199 LILY BAY CT | $878,000 | 5 | 3 | 2696 | DETACHD |
| 4190 CHAD DR | $925,000 | 4 | 3.1 | 3913 | DETACHD |
| 1273 WELLS ST | $979,000 | 5 | 3 | 4091 | DETACHD |
| 1120 HOODVIEW LN | $1,175,000 | 4 | 3 | 3909 | DETACHD |
| 13598 MEADOWCREEK LN | $1,300,000 | 4 | 3.1 | 3403 | DETACHD |
| 18246 BELLA TERRA DR | $1,349,900 | 4 | 3.1 | 4196 | DETACHD |
| 13707 FIELDING RD | $1,500,000 | 4 | 3 | 3337 | DETACHD |
| 17138 CEDAR RD | $1,975,000 | 3 | 3.1 | 3017 | DETACHD |
| 13560 FIELDING RD | $2,688,000 | 5 | 5.1 | 5308 | DETACHD |
PENDING SALES (Feb 6-19, 2017)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM | |
| 1 CRESTFIELD CT | $149,500 | 1 | 1 | 689 | CONDO | 4 | |
| 4 TOUCHSTONE #71 | $169,000 | 2 | 2 | 984 | CONDO | 2 | |
| 32 CRESTFIELD CT | $179,000 | 2 | 2 | 995 | CONDO | 3 | |
| 6880 SW MONTAUK CIR #6882 | $195,000 | 2 | 1 | 924 | CONDO | 6 | |
| 151 OSWEGO SMT | $199,900 | 2 | 2 | 1506 | CONDO | 37 | |
| 200 RIDGEWAY RD | $225,000 | 2 | 1 | 944 | CONDO | 4 | |
| 16411 INVERURIE RD | $350,000 | 2 | 1 | 920 | DETACHD | 1 | |
| 4980 GALEN ST | $374,999 | 2 | 2.1 | 1552 | ATTACHD | 4 | |
| 23 MOUNTAIN CIR | $395,000 | 2 | 2 | 1363 | DETACHD | 17 | |
| 5333 TREE ST | $400,000 | 3 | 1 | 1114 | DETACHD | 3 | |
| 4724 FIRWOOD RD | $405,000 | 3 | 1.1 | 1240 | DETACHD | 57 | |
| 29 BECKET ST | $480,000 | 3 | 2.1 | 2354 | DETACHD | 124 | |
| 6462 FROST ST | $499,000 | 4 | 2.1 | 2279 | DETACHD | 9 | |
| 17605 HILL WAY | $500,000 | 3 | 2.1 | 2054 | DETACHD | 3 | |
| 48 AQUINAS ST | $509,000 | 4 | 2 | 2693 | DETACHD | 2 | |
| 1225 CORNELL ST | $514,999 | 3 | 2 | 1395 | DETACHD | 65 | |
| 6122 CARMAN DR | $520,000 | 4 | 2 | 1508 | DETACHD | 4 | |
| 1710 MEADOWS DR | $525,000 | 3 | 2 | 1677 | DETACHD | 4 | |
| 19061 SW INDIAN CREEK AVE | $529,000 | 4 | 3 | 3070 | DETACHD | 187 | |
| 18400 INDIAN CREEK DR | $548,800 | 4 | 3 | 1736 | DETACHD | 5 | |
| 4750 UPPER DR | $550,000 | 4 | 3 | 3091 | DETACHD | 14 | |
| 17433 SCHALIT WAY | $589,950 | 4 | 2.1 | 2350 | DETACHD | 5 | |
| 275 EVERGREEN RD | $600,000 | 2 | 3.1 | 1761 | ATTACHD | 9 | |
| 17225 GREENTREE AVE | $639,900 | 4 | 3 | 2718 | DETACHD | 178 | |
| 4668 HASTINGS PL | $649,900 | 3 | 2.1 | 2432 | DETACHD | 3 | |
| 17927 RIDGE LAKE DR | $659,000 | 4 | 2.1 | 2544 | DETACHD | 18 | |
| 57 EAGLE CREST DR | $679,900 | 5 | 2.1 | 3884 | DETACHD | 208 | |
| 1276 ROCKINGHORSE LN | $679,900 | 5 | 3 | 3304 | DETACHD | 4 | |
| 1282 HIDE A WAY LN | $699,000 | 5 | 3 | 3249 | DETACHD | 152 | |
| 4847 HASTINGS DR | $699,000 | 4 | 2.1 | 2703 | DETACHD | 4 | |
| 14061 TAYLORS CREST LN | $765,000 | 4 | 2.1 | 2970 | DETACHD | 114 | |
| 2100 RIDGE POINTE DR | $799,900 | 5 | 5.1 | 5375 | DETACHD | 228 | |
| 18653 PILKINGTON RD | $1,100,000 | 4 | 3.1 | 3260 | DETACHD | 6 | |
| 3129 DOUGLAS CIR | $1,170,000 | 4 | 3.1 | 4002 | DETACHD | 23 | |
| 4100 CANAL RD | $1,349,000 | 4 | 3.1 | 4957 | DETACHD | 16 | |
| 4434 LAKEVIEW BLVD | $1,375,000 | 3 | 3 | 2803 | DETACHD | 89 | |
| 17437 CANAL CIR | $1,550,000 | 4 | 2.1 | 2815 | DETACHD | 4 | |
| 18000 EASTRIDGE LN | $1,750,000 | 4 | 4.1 | 5610 | DETACHD | 16 | |
| 1210 CHANDLER RD | $2,599,000 | 6 | 6.2 | 7668 | DETACHD | 326 |
SOLD (Feb 6-19, 2017)
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 3433 MCNARY PKWY #703 | $194,500 | $210,000 | 2 | 2 | 1008 | CONDO | 3 |
| 4000 CARMAN DR #32 | $235,000 | $228,000 | 2 | 2 | 1083 | CONDO | 6 |
| 183 OSWEGO SMT | $265,000 | $237,400 | 2 | 2 | 1506 | CONDO | 105 |
| 1694 BONNIEBRAE DR | $275,000 | $270,000 | 2 | 1 | 864 | CONDO | 19 |
| 5057 FOOTHILLS DR #C | $299,900 | $309,900 | 3 | 2 | 1252 | CONDO | 25 |
| 4351 WOODSIDE CIR | $385,500 | $341,500 | 3 | 2 | 1532 | CONDO | 36 |
| 5916 KENNY ST | $439,900 | $390,000 | 3 | 1 | 1012 | DETACHD | 116 |
| 1 SAINT HELENS CIR | $424,900 | $424,900 | 3 | 2.1 | 1422 | DETACHD | 74 |
| 4396 GALEWOOD ST | $450,000 | $450,000 | 3 | 2.1 | 1672 | DETACHD | 0 |
| 5538 ROYAL OAKS DR | $525,000 | $512,000 | 3 | 2 | 1899 | DETACHD | 15 |
| 4920 CENTERWOOD ST | $569,000 | $551,250 | 3 | 2.1 | 2072 | DETACHD | 175 |
| 64 TOUCHSTONE | $585,000 | $565,000 | 4 | 2.1 | 3494 | DETACHD | 49 |
| 13448 AUBURN CT | $649,900 | $645,000 | 3 | 2.1 | 2535 | ATTACHD | 1 |
| 17517 OAK MEADOW LN | $709,000 | $690,000 | 4 | 2.1 | 2952 | DETACHD | 60 |
| 674 1st ST | $699,000 | $694,000 | 2 | 2.1 | 2140 | CONDO | |
| 5124 WOODCREST LN | $739,000 | $742,000 | 4 | 2.1 | 2923 | DETACHD | 2 |
| 471 COUNTRY CLUB CT | $799,999 | $782,000 | 4 | 3 | 2962 | DETACHD | 290 |
| 4113 WOLF BERRY CT | $839,000 | $815,000 | 4 | 3 | 2922 | DETACHD | 26 |
| 5327 CARMAN GROVE LN | $845,000 | $840,700 | 4 | 3 | 3125 | DETACHD | 170 |
| 18402 ANDUIN TER | $1,185,000 | $895,000 | 4 | 3.1 | 4118 | DETACHD | 93 |
| 17833 MARYLCREEK DR | $1,180,000 | $930,000 | 5 | 4.1 | 5495 | DETACHD | 136 |
| 1340 COUNTRY COMMONS | $1,089,900 | $1,089,900 | 4 | 3 | 3359 | DETACHD | 20 |
| 13725 CAMEO CT | $1,500,000 | $1,450,000 | 5 | 4.1 | 4803 | DETACHD | 329 |
| 333 NORTHSHORE RD | $3,597,500 | $3,300,000 | 4 | 4.1 | 5150 | DETACHD | 28 |
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.