Category: Buying Advice

What to do when buying real estate in Lake Oswego, Oregon

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Market Activity ~ July 4-10, 2016

Steady as she goes… In the summertime in beautiful, Lake Oswego : )

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

Following is the breakdown for you according to RMLS:

NEW on Mkt (July 4-10, 2016)

Address List Price # Beds # Baths Total SF Prop Type
44 EAGLE CREST DR #12 $139,888 1 1 798 CONDO
47 EAGLE CREST DR #13 $154,900 2 1 932 CONDO
4000 Carman DR #71 $189,900 2 2 834 CONDO
93 KINGSGATE RD $415,000 3 2.1 1669 DETACHD
4841 SW DAWN ST $425,000 3 2 1550 DETACHD
2255 GREENTREE RD $450,000 4 2.1 2309 DETACHD
17927 BELMORE AVE $489,000 3 1.1 1488 DETACHD
17760 CARDINAL DR $534,900 4 2.1 2199 ATTACHD
2132 GOODALL CT $566,500 4 3 2577 DETACHD
18521 WAXWING CIR $600,000 3 2.1 2936 DETACHD
1002 HEMLOCK ST $624,990 3 2.1 1950 DETACHD
1590 LARCH ST $640,000 5 2.1 2836 DETACHD
12140 ORCHARD HILL WAY $644,000 4 2.1 3169 DETACHD
4279 ALBERT CIR $685,000 3 2.1 2768 DETACHD
18183 WESTMINSTER DR $740,000 3 2.1 3191 DETACHD
5326 WESTFIELD CT $779,000 4 3.1 3259 DETACHD
17572 SHEPHERDS CT $879,900 4 3 2983 DETACHD
3600 SOUTHSHORE BLVD $995,000 3 2.1 2117 DETACHD
3 DOVER WAY $1,099,000 5 3.2 4988 DETACHD
1350 RIDGECREST DR $1,100,000 4 3.1 3534 DETACHD
721 7TH ST $1,249,000 4 3.1 4544 DETACHD
1640 COUNTRY CMNS $1,595,000 4 4.1 5343 DETACHD

PENDING SALES (July 4-10,, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #21 $149,000 2 1 932 CONDO 746
366 CERVANTES CIR #14c $160,000 2 1 832 CONDO 2
169 OSWEGO SMT #169 $164,998 2 2 1383 CONDO 79
88 GALEN ST/Upper $168,800 2 1 923 CONDO 2
71 GREENRIDGE CT $365,000 3 2.1 2004 CONDO 23
18610 BENFIELD AVE $419,000 3 1.1 1407 DETACHD 17
15393 MEADOWLARK CT $474,900 2 2 1576 DETACHD 2
18927 INDIAN CREEK AVE $475,000 3 2 2394 DETACHD 27
4188 COBB WAY $499,000 6 3 2577 DETACHD 51
6 WALKING WOODS DR $550,000 4 2.1 2870 DETACHD 54
18121 PIONEER CT $648,000 4 2.1 2310 DETACHD 15
5714 CHARLES CIR $649,900 4 3 2501 DETACHD 18
4801 WILDWOOD ST/Main $659,950 4 3 2963 DETACHD 45
3718 RIVERS EDGE DR $739,000 4 2.1 2512 DETACHD 9
5519 BAY CREEK DR $784,900 4 2.1 3415 DETACHD 14
4069 PFEIFER CT $879,000 5 3.1 4332 DETACHD 102
16830 CHAPIN WAY $949,000 5 3 3097 DETACHD 22
780 NORTHSHORE RD $2,222,000 3 2.1 2201 DETACHD 10

SOLD (July 4-10,, 2016)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #9 $145,000 $139,000 2 1.1 823 CONDO 5
2 St. Helens CIR $374,000 $375,000 3 2 1464 DETACHD 6
7 PEACOCK PL $400,000 $422,000 3 2.1 1388 DETACHD 4
2760 OVERLOOK DR $578,500 $532,000 4 2.1 2441 DETACHD 70
21 PARTRIDGE LN $554,900 $548,000 4 3 2478 DETACHD 5
14450 HOLLY SPRINGS RD $550,000 $550,000 3 3 2238 CONDO 78
4954 MULHOLLAND DR $589,900 $585,000 3 2.1 2498 ATTACHD 22
1430 WOODLAND TER $579,000 $592,000 5 3 2904 DETACHD 8
5950 SOUTHWOOD DR $775,000 $660,000 3 2.1 2731 DETACHD 40
17821 HILLSIDE WAY $699,900 $700,000 4 3.1 3480 DETACHD 2
19505 OLSON AVE $748,950 $720,000 5 2.1 2952 DETACHD 54
4719 LAKEVIEW BLVD $725,000 $725,000 3 2.1 2923 DETACHD 5
1269 LAKE GARDEN CT $899,000 $828,000 4 2.1 2056 DETACHD 202
336 5TH ST $875,000 $875,000 3 2.1 2018 DETACHD 100
2125 RIDGE POINTE DR $995,000 $945,000 3 3.1 3489 DETACHD 14
12747 SW 22ND AVE $1,249,800 $1,170,000 4 3.1 4546 DETACHD 362
454 9TH ST $1,198,000 $1,174,000 3 4 3278 DETACHD 25

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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Seismic Retrofitting

Is-Your-Home-Ready-for-an-Earthquake-Free-Eval-and-Estimate_2As part of my continuing education I attended a class this morning put on by Zach Smith of Earthquake Tech and Gemmell Construction. Living on the West coast earthquakes are something most of us are aware of. The large quakes in California are recent enough to be remembered by most of us. The 2011 quake and Tsunami in Japan directly affected our coast line (and still does with garbage washing ashore), but for the most part it seems far away and not directly important to our lives. That changed with the publication of a New Yorker article on July 20, 2015 (“The Really Big One” by Kathryn Schulz). It brought front and center the issue that the Pacific Northwest is grossly under prepared for a major earthquake.

Some back ground is needed here. There have been 41 significant quakes (we are talking huge, like 9.0) that have happened in the Cascadia Subduction Zone off of the Oregon Coast in the last 10,000 years. The major fault in this zone is the San Juan de Fuca plate which runs from Northern California to Vancouver Island. The average occurance is every 243 years. The last quake was 9.0 on January 26, 1700. So we are now 316 years into a 243 year cycle. Of course these quakes don’t occur on a specific time schedule. This is an average. Some quakes have been many hundreds of years apart and some less than a hundred. When the next quake will occur is a complete unknown. What is known is that it will happen, we just don’t know when.

koso300So, we know it will come, but what should we do about it? There are some really basic steps that are promoted as earthquake preparedness:
* Seismically retrofit your house if it is older than about 1980. If it was built since 1980 you should still have it examined to see if there is anything more that you can do. Retrofitting should include strapping your house to it’s foundation, strapping the water heater to brace it against a secure part of the house, brace your chimney, at a minimum put a shut-off wrench next to your gas meter, or better yet, install an automatic shut off valve that will engage as soon as it detects that the house is moving.
* Get earthquake insurance. Earthquake damage is not covered in standard home insurance policies. It is a rider to the policy and must be purchased separately.
* Have a supply of water that will last for enough time to provide 1 gallon of water per day for each person in the house. Different experts suggest different times to expect utilities to be down, a few days or a few weeks, store what you can manage.
* Have a supply of non-perishable food
* Have earthquake preparedness kits in your home, your car, and your office. Don’t forget supplies for your pets.

Juan.de_.Fuca_1I think the big question is how much does it cost to retrofit a house. I was surprised this morning to learn that on average it runs $2000-$8000 for homes built from the turn of the Century to the 1970’s. The cost is dependent upon how big the house is and the condition of the foundation. If the house has a bad foundation (Zach referred to brick foundations a “standing rubble”) then the cost goes up significantly in the range of $50,000-$200,000. I felt encouraged that the average house can be done for under 10K.

I was extremely impressed with Zach’s presentation this morning. If your home is within the metro area he will come and give you an estimate at no charge. For information on Earthquake Tech click here.

I also want to give a shout out to Jay Kushner of Seismic Technologies. I have been referring clients to Jay for years. He is knowledgeable and a tremendous resource for assessment of the seismic preparedness of homes. For his information click here.

Let’s hope we never have The Big One happens in our life times, but let’s also be aware and pro-active so that if it does, we have the best chances possible for our homes and for our families.
Dianne

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Market Activity ~ May 30-June 5, 2016

We were a teensy bit slower in Lake Oswego last week…then again… with 100 degree temperatures, we were all melting!

Last week we saw 9 New properties enter the Lake Oswego market, 18 move to Pending status, and 18 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (May 30-June 5, 2016)

Address List Price # Beds # Baths Total SF Prop Type
534 2ND ST $469,000 2 2.1 1394 CONDO
1710 YARMOUTH CIR $495,000 2 2 1540 DETACHD
4951 GALEN ST $589,900 3 2.1 2543 DETACHD
3 SCARBOROUGH DR $649,000 5 4 3778 DETACHD
5314 CHILDS RD $864,000 6 2.1 3272 DETACHD
725 OAK MEADOW CT $1,150,000 4 2.2 3754 DETACHD
13372 FIELDING RD $1,150,000 4 4.1 4074 DETACHD
13017 KNAUS RD $1,299,000 4 3.1 4690 DETACHD
260 IRON MOUNTAIN BLVD $2,798,000 4 4.2 6048 DETACHD

PENDING SALES (May 30-June 5, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
31 OSWEGO SMT /Main $174,000 1 1 721 CONDO 14
4000 CARMAN DR B27 $174,900 2 2 950 CONDO 4
342 CERVANTES CIR $185,000 2 1.1 1104 CONDO 33
210 S STATE ST #8 $340,000 2 2.1 1614 CONDO 100
5295 OAKRIDGE RD $394,900 3 2 1182 DETACHD 6
21 PARTRIDGE LN $554,900 4 3 2478 DETACHD 5
29 DEL PRADO ST $650,000 4 2 3037 DETACHD 6
5950 SOUTHWOOD DR $659,000 3 2.1 2731 DETACHD 40
839 COUNTRY CMNS LN $710,000 3 2.1 3089 DETACHD 0
13528 TWIN CREEK LN $775,000 4 3.1 3129 DETACHD 52
336 5TH ST $875,000 3 2.1 2018 DETACHD 100
3788 Southshore BLVD $915,000 3 3 3224 DETACHD 17
14261 UPLANDS DR $939,000 5 4 3843 DETACHD 28
884 CEDAR ST $995,000 4 3.1 3120 DETACHD 102
2125 RIDGE POINTE DR $995,000 3 3.1 3489 DETACHD 14
301 IRON MOUNTAIN BLVD $1,095,000 4 3.2 2946 DETACHD 32
13084 AMBER PL $1,199,099 4 3 3281 DETACHD 6
448 COUNTRY CLUB RD $1,495,000 4 3.1 4873 DETACHD 41

SOLD (May 30-June 5, 2016)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #21 $100,000 $100,000 2 1 932 CONDO 714
167 Oswego Summit /Lower $180,000 $180,000 2 2 1506 CONDO 27
200 BURNHAM RD #102 $199,900 $199,900 1 1 733 CONDO 33
668 MCVEY AVE #85 $215,000 $220,000 2 1.1 992 CONDO 3
165 OSWEGO SUMMIT #165 $235,000 $250,000 2 2 1383 CONDO 4
45 EAGLE CREST DR #519 $275,000 $275,000 3 2 1453 CONDO 3
1400 PARRISH ST $349,900 $347,500 3 2.1 1880 CONDO 60
4131 OLD GATE RD $369,950 $369,000 4 2 1776 DETACHD 36
4902 CHILDS RD $355,000 $375,000 3 1.1 1407 DETACHD 10
16510 MAPLE CIR $399,000 $375,000 1 1 DETACHD 24
4251 WOODSIDE CIR $419,000 $417,500 3 2 2068 ATTACHD 48
67 TANGLEWOOD DR $499,000 $535,000 4 2.1 3068 DETACHD 4
51 HILLSHIRE DR $715,600 $645,000 3 2.2 4268 DETACHD 87
13978 WESTCOTT CT $735,000 $750,000 3 3 3361 DETACHD 14
2110 SUMMIT DR $799,900 $770,000 4 2 2525 DETACHD 7
844 5TH ST $1,100,000 $1,100,000 3 3 2590 DETACHD 19
12842 ALTO PARK RD $1,399,000 $1,399,000 5 4.2 4359 DETACHD 5
3168 LAKEVIEW BLVD $3,495,000 $3,400,000 4 5.1 4420 DETACHD 0

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 2016

April is seeing, generally, Price and New Listings increases over March, and a decrease in overall productive activity (Closed & Pending Sales) compared to April of last year.

Here are the latest/April numbers for the entire Portland area:

According to the RMLS Market Action Report for the Portland Metro Area, April, 2016:

  • There were 4,082 New Listings in April which was up 19.7% from March’s (3,409), and up 3.4% from April of 2015 (3,949).
  • At 2,611, April Closed Sales were up 1.8% from March’s 2,565, and down 4.5% from April of 2015’s 2,734.
  • April Pending Sales (Accepted Offers), at 3,432 were up  11.6% from March’s 3,076, but were   5% lower than April of 2015’s 3,613.
  • The Average Sale Price in April of $397,700 was up $12,600 over March’s $385,100, and also up around $50,200 from April of 2015’s $347,500. 

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The combined areas of Lake Oswego and West Linn  (RMLS lumps them together) for the month of April 2016 reported:

    •  324Active Listings  (March was 284)
    •  255 New Listings   (March was 189 )
    •  177 Pending Sales (March was 150) ***Down 11.5% from Apr 2015)
    •  150 Closed Sales   (March was 114)
    • Average Sale Price for April: $650,000 (March/$639,500. )
      • 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: 57 Days (March was 92)
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Market Activity ~ May 9-15, 2016

The overall Portland area is experiencing record activity, and, as it so deserves, Lake Oswego is very popular as a destination in the metro area for those making one kind of life change or another.  As always, you’ll notice the full range of price-points; a fact about Lake Oswego lost on many.  Yes, there are lots of options here!

Last week we saw 19 New properties enter the Lake Oswego market, 30 move to Pending status, and 16 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (May 9-15, 2016)

Address List Price # Beds # Baths Total SF Prop Type
206 OSWEGO SMT -Main $249,000 2 2 1506 CONDO
5500 MCEWAN RD $435,000 3 2 1820 DETACHD
18978 INDIAN SPRINGS RD $529,900 4 3 2860 DETACHD
1161 UPPER DEVON LN $574,995 4 2.1 2265 DETACHD
6 WALKING WOODS DR $575,000 4 2.1 2870 DETACHD
1430 WOODLAND TER $579,000 5 3 2904 DETACHD
510 COUNTRY CLUB RD $655,000 4 3 3274 DETACHD
1400 HORSESHOE CURV $679,000 3 2.1 2248 DETACHD
4252 ALBERT CIR $689,000 4 2.1 2964 DETACHD
5530 DUNMIRE DR $725,000 4 3 3040 DETACHD
15964 PARKER RD $799,900 4 3.1 3378 DETACHD
220 GREENWOOD RD $850,000 3 4 2701 DETACHD
3788 Southshore BLVD $915,000 3 3 3224 DETACHD
4726 UPPER DR $923,000 3 2 2250 RES-MFG
16872 QUAIL CT $965,000 4 3.1 3174 DETACHD
1692 VILLAGE PARK LN $975,000 4 3.1 3581 DETACHD
4136 CASEY CT $1,195,000 5 3.1 3998 DETACHD
1622 LESLIE LN $1,795,000 5 3.1 5827 DETACHD
1400 RIDGECREST DR $2,250,000 4 4 4202 DETACHD

PENDING SALES (May 9-15, 2016)

Address List Price # Bedrooms Total Baths Total SF Prop Type CDOM
65 GALEN ST -Grnd $135,000 1 1 689 CONDO 4
30 CERVANTES CIR -Lower $159,000 2 1.1 1112 CONDO 7
3916 CARMAN DR -Main $229,900 2 2.1 1098 CONDO 74
165 OSWEGO SUMMIT #165 $235,000 2 2 1383 CONDO 4
16250 PACIFIC HWY #74 $274,899 2 2 1324 CONDO 47
10 SAINT HELENS CIR $300,000 3 2 1410 DETACHD 7
4 WHEATHERSTONE $372,000 3 2.1 1692 ATTACHD 2
26 PREAKNESS CT $375,000 2 1.1 1464 ATTACHD 5
3488 DEVONSHIRE DR $399,900 2 2 1647 ATTACHD 4
128 KINGSGATE RD $405,000 3 2.1 1689 DETACHD 1
5829 BENFIELD CT $459,000 4 2.1 1744 DETACHD 78
13449 VERMEER DR $495,000 3 2.1 1877 DETACHD 2
4 MORNINGVIEW PL $499,000 2 2.1 1880 ATTACHD 43
17436 WREN CT $529,000 4 3 2278 DETACHD 14
5182 TREE ST $549,900 4 2 1750 DETACHD 36
2760 OVERLOOK DR $569,500 4 2.1 2441 DETACHD 28
2302 OVERLOOK DR $579,000 4 2.1 3125 DETACHD 334
4954 MULHOLLAND DR $589,900 3 2.1 2498 ATTACHD 22
4717 FIRWOOD RD $599,000 6 3 2502 DETACHD 0
20 MONTICELLO DR $599,900 3 3.1 3848 DETACHD 4
20 JUAREZ ST $619,000 5 4 3464 DETACHD 233
839 E AVE $649,000 4 2.1 1722 DETACHD 5
17700 KELOK RD $670,000 3 3 2480 DETACHD 5
187 FURNACE ST -Upper $724,900 2 2.1 1927 DETACHD 0
18411 TAMAWAY DR $739,000 4 2.1 2576 DETACHD 6
100 LEONARD ST -Upper $749,000 3 2.1 2734 CONDO 17
1269 LAKE GARDEN CT $869,000 4 2.1 2056 DETACHD 202
19460 SW EASTSIDE RD $969,000 5 4.1 4521 DETACHD 64
18493 RAY RIDGE DR $1,050,000 4 3.3 4401 DETACHD 367
17849 UPPER CHERRY LN $3,200,000 4 6.3 8731 DETACHD 0

SOLD (May 9-15, 2016)

Address O/Price Close Price # Bedrooms Total Baths Prop Type Total SF CDOM
86 KINGSGATE RD #C201 $149,900 $160,000 2 2 CONDO 938 3
48 EAGLE CREST DR #1C $239,000 $245,000 2 2 CONDO 1399 1
5057 FOOTHILLS DR #F $285,000 $284,500 2 2 CONDO 1272 31
6343 HIAWATHA CT $375,000 $375,362 3 1 DETACHD 1056 3
125 MIDDLECREST RD $399,900 $390,000 3 1 DETACHD 800 23
4101 CHAPMAN WAY $465,000 $460,000 3 2.1 DETACHD 1864 142
18922 KRISTI WAY $415,000 $475,000 2 2 DETACHD 1397 4
13852 SHIREVA DR $550,000 $540,000 5 3 DETACHD 2664 74
5124 LAKEVIEW BLVD $579,000 $570,000 4 3 DETACHD 2932 153
2500 PARK RD $579,900 $579,900 3 3 DETACHD 1811 29
4 CAMELOT CT $640,000 $642,500 5 3 DETACHD 3344 5
639 CARRERA LN $849,000 $759,000 5 3.1 DETACHD 4305 331
4018 CANAL WOODS CT $839,900 $800,000 5 3.1 DETACHD 3600 177
5876 RIDGETOP CT $819,000 $819,000 4 2.1 DETACHD 3280 6
13050 KNAUS RD $1,699,000 $1,650,000 4 3.1 DETACHD 4821 56
13056 KNAUS RD $1,688,000 $1,688,000 4 3.1 DETACHD 5244 1

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 ~ March 2016

Lake Oswego & the entire metro area is moving right along.

Here are the latest/March numbers for the entire Portland area:

According to the RMLS Market Action Report for the Portland Metro Area, march, 2016:

  • There were 3,409 New Listings in March which was up 17.7% from February (2,896), and 5.2% down from March of 2015 (3,596).
  • At 2,565, March Closed Sales were up a whopping 41.5% from February’s 1,813, and up 4.4% from March of 2015’s 2,457.
  • March Pending Sales (Accepted Offers), at 3,076 were up  10.4% from February’s 2,786, but were   9.1% under March of 2015’s 3,384 total.
  • The Average Sale Price in March of $385,100 was up around $20,000 over February’s $364,900, and also up around $15,000 from March of 2015’s $368,800. 

_____________________________________________________

The combined areas of Lake Oswego and West Linn  (RMLS lumps them together) for the month of March 2016 reported:

    •  284 Active Listings  (Feb was 260)
    •  189New Listings   (Feb was 185 )
    •  150 Pending Sales    (Feb was 147)
    •  114 Closed Sales   (Feb was 99)
    • Average Sale Price for March: $639,500 (Feb/$577,500. )
      • 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: 92 Days (Feb was 92 also!)
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News & Notes ~ February 2016

I’m tellin ya… This market is hot! And there are some great homes out there.

Here are the latest/February numbers for the entire Portland area:

According to the RMLS Market Action Report for the Portland Metro Area, February, 2016:

  • There were 2,896 New Listings in February which was up 15% from January (2,519), and rose over February of 2015 (2,884) slightly, by 0.4%.
  • At 1,813, February Closed Sales fell 2.5% from January’s 1,859, and/but were up 10% from February of 2015’s 1,648.
  • February Pending Sales (Accepted Offers), at 2,786 were up 24.2% from January’s 2,243, and were 9.9% ahead of February of 2015’s 2,534 total.   ***This was the strongest February for Accepted Offers since 2007!
  • The Average Sale Price in February of $364,900 was up significantly from January’s $355,500, and also up almost $37,000 from February of 2015’s $328,000. (!!!)

_____________________________________________________

The combined areas of Lake Oswego and West Linn  (RMLS lumps them together) for the month of February 2016 reported:

    •  260 Active Listings  (Jan was 243)
    •  185 New Listings   (Jan was 150 )
    •  147 Pending Sales    (Jan was 120)
    •  99 Closed Sales   (Jan was 81)
    • Average Sale Price for February: $577,500 (Jan/$498,000. )
      • 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: 92 Days (Dec was 78)
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Market Activity ~ March 21-27, 2016

We saw 15 New properties enter the Lake Oswego market, 15 move to Pending status, and 11 “Closed”/Sold.

***Notice that most of the Pendings and half of the Sold’s were on the market for just 3-7 days.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Mar 21-27, 2016)

Address List Price # Beds # Baths Total SF Prop Type
47 EAGLE CREST DR #11 $159,900 2 1 932 CONDO
16250 PACIFIC HWY #74 $274,800 2 2 1324 CONDO
4131 OLD GATE RD $369,950 4 2 1776 DETACHD
5215 MADRONA ST $389,000 3 2 1305 DETACHD
2 EAGLE CREST DR $395,000 3 2 1830 DETACHD
5153 JEAN RD $524,900 8 3 2400 DETACHD
15 MASARYK ST $548,000 4 3 3864 DETACHD
937 OAK ST $595,000 3 3 3080 DETACHD
5632 GRAND OAKS DR $765,000 4 2.1 2898 DETACHD
4121 Childs RD $815,000 4 3.1 3352 DETACHD
4745 LAMONT WAY $975,000 4 3 3192 DETACHD
950 SCHUKART LN $1,098,000 4 2.1 3530 DETACHD
13079 AMBER PL $1,188,000 5 3 3200 DETACHD
3555 LAKE GROVE AVE $1,199,000 4 2.1 3324 DETACHD
1961 Cheryl CT $1,375,000 5 4.1 5124 DETACHD

PENDING SALES (Mar 21-27, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY #72 $249,000 2 2 1305 CONDO 5
5100 UPPER DR $334,900 1 1 956 DETACHD 83
6343 HIAWATHA CT $375,000 3 1 1056 DETACHD 3
3365 UPPER DR $399,900 2 2 1378 DETACHD 4
18922 KRISTI WAY $415,000 2 2 1397 DETACHD 4
16773 ALDER CIR $485,000 4 2 2590 DETACHD 3
4573 OAKRIDGE RD $489,000 3 2.1 1835 ATTACHD 3
2757 GLEN HAVEN RD $519,000 3 2 2420 DETACHD 20
4 CAMELOT CT $640,000 5 3 3344 DETACHD 5
13963 WESTCOTT CT $649,000 4 2.1 2984 DETACHD 7
17743 MARYLCREEK DR $760,000 4 2.1 3288 DETACHD 52
14626 UPLANDS DR $934,900 4 3 2951 DETACHD 4
4367 HAVEN ST $1,070,000 5 3.1 3617 DETACHD 7
531 7TH ST $1,099,000 3 2.1 2818 DETACHD 135
4018 COHO LN $1,199,000 4 4.1 5128 DETACHD 47

SOLD (Mar 21-27, 2016)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
48 EAGLE CREST DR #2D $185,000 $165,000 3 2 1623 CONDO 125
238 RIDGEWAY RD #16C $210,000 $220,000 2 1 914 CONDO 2
1755 KILKENNY RD $280,000 $303,000 3 1 1742 DETACHD 146
69 CONDOLEA TER $379,000 $385,000 2 2.1 2157 CONDO 3
16309 LAKE FOREST BLVD $369,900 $386,000 3 2 1608 DETACHD 120
5402 CARMAN DR $400,000 $400,000 3 1 1699 DETACHD 214
1273 ROCKINGHORSE LN $575,000 $530,000 3 2.1 2192 DETACHD 154
1430 LARCH ST $529,000 $532,000 3 3 2279 DETACHD 48
40 DA VINCI ST $535,000 $550,000 4 2.1 2476 DETACHD 3
2979 RIVENDELL RD $689,900 $680,862 4 2.1 2729 DETACHD 3
17 EL GRECO ST $694,900 $681,250 5 2.1 3060 DETACHD 3

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 ~ Feb 29- Mar 6, 2016

A wide spectrum of New Listings hit the market last week. We saw 19 New properties, 17 move to Pending status, and 12 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Feb 29-Mar 6, 2016)

Address List Price # Beds # Baths Total SF Prop Type
4000 CARMAN DR #88 $169,000 2 2 836 CONDO
200 BURNHAM RD #102 $199,900 1 1 733 CONDO
1680 PINE ST $419,000 3 3 2472 DETACHD
2757 GLEN HAVEN RD $519,000 4 2 2420 DETACHD
5850 BONITA RD $527,500 3 2 1272 DETACHD
2500 PARK RD $569,000 3 2.1 1811 DETACHD
5887 SW LANGFORD LN $629,950 4 2.1 2724 DETACHD
16652 WOODSMAN CT $779,000 3 2.1 3196 DETACHD
19330 RIVER RUN DR $799,000 4 4 3786 DETACHD
5876 RIDGETOP CT $819,000 4 2.1 3280 DETACHD
2479 MARYLVIEW CT $829,000 4 3.1 3832 DETACHD
621 COUNTRY CLUB RD $875,000 4 2.1 3385 DETACHD
17193 LOWENBERG TER $889,900 4 2.1 2973 DETACHD
1269 LAKE GARDEN CT $899,000 4 2.1 2056 DETACHD
2809 ARROWHEAD CT $1,560,000 3 3 2624 DETACHD
1099 TERRACE DR $2,150,000 5 4.1 4965 DETACHD
16852 ALDER CIR $2,185,000 4 3.1 3192 DETACHD

PENDING SALES (Feb 29-Mar 6, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
69 CONDOLEA TER Grnd $379,000 2 2.1 2157 CONDO 3
4725 JEAN RD $385,000 4 2 1433 DETACHD 65
125 MIDDLECREST RD $399,900 3 1 800 DETACHD 23
4851 MADRONA ST $449,900 4 2 1500 DETACHD 6
142 DEL PRADO ST $475,000 4 3 1950 DETACHD 38
14584 RAINBOW DR $545,000 4 3 2570 DETACHD 12
4782 AUBURN LN $569,000 3 3.1 2650 ATTACHD 2
5 WESTMINSTER DR $579,000 5 3 3104 DETACHD 14
16636 MAPLE CIR $600,000 4 2 2030 DETACHD 1
12844 SIERRA VISTA DR $610,000 4 2.1 2501 DETACHD 2
29 SPINOSA $625,000 3 2.2 3262 DETACHD 4
4208 ALBERT CIR $649,900 5 3 2777 DETACHD 18
17183 CARLSON CT $665,000 4 3.1 3366 DETACHD 15
4657 DOGWOOD DR $889,000 4 4 3890 DETACHD 19
18711 WESTVIEW DR $995,000 4 3.1 3591 DETACHD 23
822 6TH ST $1,099,900 3 3 2748 DETACHD 194
1355 Country Commons $1,995,000 4 3.1 4238 DETACHD 198

SOLD (Feb 29-Mar 6, 2016)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
4333 WOODSIDE CIR $349,000 $349,000 3 2 1532 ATTACHD 69
6 THE GROTTO $375,000 $375,000 3 2 1381 DETACHD 14
16060 PEARCY ST $538,000 $538,000 3 3.1 2101 DETACHD 4
17765 TREETOP LN $598,000 $570,000 4 3 3046 DETACHD 42
16510 Maple CIR $590,000 $570,000 5 3 2808 DETACHD 4
19285 MEGLY CT $674,900 $645,000 5 3 3275 DETACHD 46
104 GARIBALDI ST $799,000 $671,880 3 2.1 3074 DETACHD 272
16987 Alder CIR $839,000 $720,000 3 2.1 1989 DETACHD 266
5371 SOUTHWOOD DR $724,900 $735,000 3 3 2751 DETACHD 9
17446 BRYANT RD $925,000 $925,000 4 4 3506 DETACHD 13
4150 UPPER DR $1,050,000 $1,050,000 4 3.1 3465 DETACHD 1
15825 OSWEGO SHORE CT $1,999,900 $1,875,000 3 3.1 4317 DETACHD 146

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 ~ Jan 2016 Numbers

First numbers for 2016!!! Yeah!!!

Here are the January numbers for the entire Portland area (including Lake Oswego).

According to the RMLS Market Action Report for the Portland Metro Area, January, 2016:

  • There were 2,519 New Listings in January which was up 63.8% from December (1,538), and 8.8% under January of 2015 (2,762).
  • At 1,859, January Closed Sales fell 31.4% from December’s 2,710, and/but were up  25.9% from January of 2015’s 1,477.               ***It was still the strongest January since 1992.
  • January Pending Sales (accepted offers), at 2,243 were up 15.9% from December’s 1,936, and were 2.8% under January of 2015’s 2,294 total.
  •  The Average Sale Price in January of $355,500 was down some from December’s end-of-year frenzy/$367,600, and also up approx $26,000 from January of 2015’s $329,400. 

The combined areas of Lake Oswego and West Linn  (RMLS lumps them together) for the month of January 2016 reported:

    •  243 Active Listings  (Dec was 255)
    •  150 New Listings   (Dec was 86 )
    •  120 Pending Sales    (Dec was 98)
    •  81 Closed Sales   (Dec was 143)
    • Average Sale Price for January of $498,000 (Dec/$567,300. )
      • 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: 78 Days (Dec was 81)