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All About Lake Oswego, Oregon real estate topics

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Market Activity Report Feb 27th to March 5th, 2017

Hey everyone!
This last week we saw a huge increase in activity in the Real Estate market. A lot of very impressive properties took only a few days to sell, which is great!

Hope everyone is having a great March!

Following is the breakdown for you according to RMLS:

New on Market (Feb 27 – March 5th, 2017)

Address Type Price Bedrooms Bathrooms Sqft
8 PREAKNESS CT ATTACHED 349,900 2 1.5 1602
14570 SHIREVA DR DETACHED 499,900 3 2.5 2144
1227 ASH ST DETACHED 650,000 3 2.5 2151
9 FALSTAFF ST DETACHED 675,000 4 2.5 2436
17915 RIDGE LAKE DR DETACHED 715,000 4 3.1 2958
820 BOCA RATAN DR DETACHED 795,000 4 3.5 2628
13852 SHIREVA DR DETACHED 799,000 5 3 2716
19233 INDIAN SPRINGS RD DETACHED 819,000 4 4.5 3485
5043 ROSEWOOD ST DETACHED 849,000 4 2.5 2963
4635 DOGWOOD DR DETACHED 925,000 4 3 4327
950 CEDAR ST DETACHED 993,000 4 3.5 3135
19354 LORNA LN DETACHED 1,299,000 4 3.5 4169
129 FURNACE ST CONDO 1,798,000 4 4.5 4911
1940 HIGHLANDS LOOP DETACHED 1,850,000 5 4.5 4080
115 LAKE FRONT RD DETACHED 2,088,000 4 4 4245
961 TERRACE DR DETACHED 3,200,000 5 4.5 5542
15530 DIAMOND HEAD RD DETACHED 3,398,000 5 4 6298

Pending Sales (Feb 27 – March 5th, 2017)

Address Type Price Bedroom Bathrooms DOM
45 OSWEGO SMT CONDO 99,899 1 1 45
47 EAGLE CREST DR ATTACHED 190,000 3 1.5 4
170 OSWEGO SMT CONDO 205,000 2 2 7
15479 BRIANNE CT ATTACHED 299,900 2 2.5 24
14372 SHERBROOK PL DETACHED 325,000 2 1.5 203
16821 CORTEZ CT DETACHED 375,000 3 2 5
1180 OXFORD DR DETACHED 409,900 3 3 8
5340 CHINOOK CT DETACHED 450,000 3 2 7
5000 CARMAN DR DETACHED 475,000 2 2.5 110
18400 INDIAN CREEK DR DETACHED 548,800 4 3 24
5 PREAKNESS CT DETACHED 565,000 5 2.5 2
383 ASH ST DETACHED 575,000 3 2.5 0
2565 BREE CT DETACHED 575,000 3 2.5 8
2400 PARK RD DETACHED 583,000 5 2.5 4
16510 MAPLE CIR DETACHED 585,000 4 2.5 191
4092 COLTS FOOT LN DETACHED 684,750 4 3 4
5328 LOWER DR DETACHED 795,000 4 2.5 32
115 3RD ST CONDO 799,000 4 2.5 216
17024 CANAL CIR DETACHED 850,000 3 1 645
35 TANGLEWOOD DR DETACHED 950,000 4 3.5 3
17512 GREENBLUFF DR DETACHED 1,090,000 4 4 245
671 5th ST DETACHED 1,178,000 4 2.5 161
915 CEDAR ST DETACHED 1,200,000 4 3.5 327
18042 SKYLAND CIR DETACHED 1,225,000 5 3 52
1427 HORSESHOE CURV DETACHED 1,350,000 2 2 327
4250 UPPER DR DETACHED 1,580,000 4 3.5 7

Sold/Closed (Feb 27 – March 5th, 2017)

Address Type List Price Close Price Sqft DOM
18914 LONGFELLOW AVE DETACHED 455,000 385,000 1232 89
4660 WILLOWWOOD ST DETACHED 450,000 450,000 2412 118
29 BECKET ST DETACHED 480,000 460,000 2354 124
48 AQUINAS ST DETACHED 539,000 530,000 2693 2
1775 FERNWOOD DR DETACHED 589,000 563,000 2640 60
17433 SCHALIT WAY DETACHED 589,950 582,500 2350 5
19477 35TH CT DETACHED 625,000 600,000 3276 53
6 TANGLEWOOD DR DETACHED 690,000 625,000 3108 316
1900 GREENTREE DR DETACHED 695,000 635,000 3032 164
1350 RIDGECREST DR DETACHED 1,100,000 785,000 3534 209
1 DOVER WAY DETACHED 1,100,000 895,000 3559 93
515 10th ST DETACHED 1,200,000 1,175,000 2821 165

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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Snapshot of Community Activities & Events

Ever wonder what this community is really like? Here are a few upcoming events (out of many!) to give you an idea of the variety of ongoing activities available to the residents and friends of Lake Oswego:

  • Every Wed 9:15-10:15AM, Little Medical School brings science, medicine and  the importance of health to 4-6 year olds in a fun way!  Lake Oswego Parks & Recreation, 1500 Greentree Road  CLICK HERE FOR MORE    Little Sports Medical School for Ages 8-11 Meet Saturdays 9:30-10:30AM!
  • Author Nathalia Holt’s Rise of the Rocket Girls (The Unsung Heroes of NASA) is the true story of women who helped launch America into space. Come meet her and hear her presentation at the Lake Oswego Library Wed, Feb 8 from 7:00– 9:00PM. Tickets are free, but you must have a ticket. CLICK HERE for more information.
  • Want to go Cross-Country Skiing with old and perhaps new friends?  Come on down to Palisades at  1500 Greentree Rd. on Sat, Feb 11 at 8:00AM & head on up the mountain for a fun-filled day at Multorpor Meadows.  CLICK HERE for more information.
  • Friends of Southwood (4.10 acres of natural area and a stream) invite you to come join in and help plant native species to contribute to a healthy stream and provide food and shelter to important bugs and pollinators. Sat, Feb 11, 2017 10:00– 12:00PM  Please contact Kim Valley  for more information at 503-336-4646.
  • Teen Valentine Poetry Slam happens Thurs, Feb 9th 7:00-8:00PM at the Lake Oswego Library. Love the love, or not!  Either way, we care!  Put your feelings in a poem and get ready to share…
  • Aqua Yoga is here! Join this low-impact class held Saturdays, 11:00-11:45 at The Springs at Carman Oaks, 3800 Carman Drive. CLICK HERE to register!
  • Breaking the Sound Barrier: Celebrating Unsung Heroes in Science. Lakewood Center for the Arts, Feb 11th, 10:30AM-12:00PM. Come enjoy this Readers Theater presentation with a focus on women in science of whom you’ve never heard! The actors will represent Nobel Prize winners, astronauts, inventors, and other inspirational women scientists in a refreshing and fun style.  You’ll learn about heroes whose achievements affect our everyday lives in a positive way.  Directed by experienced local theatre producer Barbara McDonald and featuring local AAUW actors.  Written by Gloria Holland, Salem AAUW.
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Market Activity Report Jan 16th – 22nd, 2017

Hello all! I hope your 2017 has been off to a wonderful start!
Lake Oswego’s real estate market has been pretty ritzy, in a manner of speaking. So many big fancy houses have sold this last week! What elegant homes, each and every one of them. This is the kind of start to a new year that I like seeing!
With that said we should be seeing real estate activity pick up, and jump into the spring market. I’m pretty excited to see what homes go up for sale this year.
Keep it classy LO!

Following is the breakdown for you according to RMLS:

New on the Market (Jan 16-22, 2017)

Address Type Price Bedrooms Bathrooms Sqft
44 EAGLE CREST DR #28 CONDO 219,950 3 2 1085
18225 SW 65th AVE DETACHED 225,500 3 1.5 1701
17 SUMMIT RIDGE CT ATTACHED 349,900 2 2.5 1558
23 MOUNTAIN CIR DETACHED 395,000 2 2 1360
16695 GLENWOOD CT DETACHED 715,000 4 3 3060
951 WESTPOINT RD DETACHED 3,865,000 6 4 4144
4140 CANAL RD DETACHED 3,999,000 8 7.5 11956

Pending Sales (Jan 16-22, 2017)

Address Type Price Bedroom Bathrooms DOM
86 KINGSGATE RD CONDO 162,900 2 2 2
3680 SPRING LN CONDO 269,900 2 2.5 8
4351 WOODSIDE CIR CONDO 385,500 3 2 36
5916 KENNY ST DETACHED 399,900 3 1 116
18914 LONGFELLOW AVE DETACHED 400,000 3 1.5 89
16758 MELLON AVE DETACHED 659,900 4 2.5 7
674 1ST ST CONDO 699,000 2 2.5 145

Sold/Closed (Jan 16-22, 2017)

Address Type List Price Close Price Sqft DOM
121 LEONARD ST CONDO 300,000 295,000 1136 4
1368 BOCA RATAN DR ATTACHED 325,000 325,000 1611 60
4386 THUNDER VISTA LN ATTACHED 359,000 359,000 1903 13
15 TOUCH STONE DETACHED 495,000 485,000 2276 23
1669 OAK ST DETACHED 589,000 540,000 2649 48
2886 UPPER DR DETACHED 849,000 540,750 2498 214
213 HIDALGO ST DETACHED 550,000 570,000 3964 0
12504 SHELBY CT DETACHED 625,000 635,000 2860 22
50 HILLSHIRE DR DETACHED 645,000 645,000 3188 12
17084 CHAPIN WAY DETACHED 1,225,000 1,200,000 4028 10
19331 LORNA LN DETACHED 1,335,000 1,280,000 5070 100
13648 GOODALL RD DETACHED 1,795,000 1,695,000 5288 56
1976 HIGHLANDS LOOP DETACHED 1,795,000 1,750,000 4597 460
315 BERWICK RD DETACHED 2,295,000 2,200,000 4860 155
15508 DIAMOND HEAD RD DETACHED 2,850,000 2,450,000 3900 185

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 Report for Dec 26, 2016 – Jan 01, 2017

Happy New Year! And welcome 2017.
I hope you all have had wonderful holidays, but now that the festivities are over it is time to get back into the old grind. It is so difficult to get back to work after taking some time off for holidays, that’s for sure!

The market did slow down quite a bit, however I am willing to bet that in the coming weeks we’ll see activity pick up. Sure it can be cold out, and there are still people willing to look at houses in the snow, but at soon as it starts to warm up a bit we’ll see a lot of interest.

For now, the report is pretty small to cover our last week of the holidays.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Dec 26, 2016 – Jan 01, 2017)

Address Type Price Bedrooms Bathrooms Sqft
86 KINGSGATE RD D104 CONDO 165,900 2 2 924
15256 BOONES WAY ATTACHED 424,500 2 2.5 1618
5844 BAY POINT DR DETACHED 824,900 3 2.5 3350
148 5TH ST DETACHED 1,625,000 4 3.5 3540

PENDING SALES (Dec 26, 2016 – Jan 01, 2017)

Address Type Price Bedroom Bathrooms DOM
47 EAGLE CREST DR CONDO 174,900 2 1 6
1694 BOONIEBRAE DR CONDO 275,000 2 1 19
37 TOUCH STONE DETACHED 445,000 4 3 7
6244 FROST LN DETACHED 480,000 4 3.5 164
18402 ANDUIN TER DETACHED 899,995 4 3.5 93

SOLD (Dec 26, 2016 – Jan 01, 2017)

Address Type List Price Close Price Sqft DOM
18630 WOOD DUCK ST DETACHED 385,000 406,000 1808 1
4400 COBB WAY DETACHED 565,000 577,240 1676 7
5530 DUNMIRE DR DETACHED 715,000 645,000 3040 187
4279 ALBERT CIR DETACHED 685,000 650,000 2768 125
4 GARIBALDI ST DETACHED 650,000 670,500 2430 7
6457 MCDUFF CT DETACHED 733,500 725,000 3193 10
2325 OAKHURST LN DETACHED 759,900 745,000 3627 153
13730 CAMEO CT DETACHED 1,175,000 1,162,000 3726 29
548 RIDGEWAY RD DETACHED 1,560,000 1,395,000 2830 455

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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Happy New Year

As we wind down 2016, and prepare to ring in 2017, I want to share with you some of the most gorgeous photos of our fine city that I have ever seen. These were taken about 2 weeks ago during our big snow and ice event by Clifford Paguio Jr. They are shared with his permission. Thank you Clifford.
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Linda, Whitney, and I want to wish you every happiness in the coming New Year. May 2017 bring you and yours happiness, good health, prosperity, and, of course, the realization of your real estate dreams.

Dianne

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Market Activity Report Dec 5 – 11th, 2016

Hello everybody, and Happy Holidays!
I hope you all have been enjoying the snow! I heard on the radio: one of the DJs was saying that Portlanders aren’t too good at driving in the snow, or ice, or even rain sometimes for that matter. It kind of made me chuckle. I hope you all have been safe through this crazy weather, but enjoying it when you can.

This last week we only had two new houses hit the market. Hooo boy I had to go back and double, even triple, check to make sure that this information was right. Yup, just two new listings! The market is slowing down for the holidays, which gives us all a chance to focus on our families, as well as hosting/travel plans.

Well I’ll end it at that. I hope you all have a wonderful rest of the year. I’m pretty ready for 2017!

Following is the breakdown for you according to RMLS:

New on the Market (Dec 5 – 11th, 2016)

Address Type Price Bedrooms Bathrooms Sqft
1694 BONNIEBRAE DR CONDO 275,000 2 1 864
3838 RIVERS EDGE DR DETACHED 692,000 3 2.5 2849

Pending Sales (Dec 5 – 11th, 2016)

Address Type Price Bedroom Bathrooms DOM
48 EAGLE CREST DR 2F CONDO 225,500 3 2 102
5050 LOWER DR DETACHED 299,900 2 1 86
93 KINGSGATE RD DETACHED 420,000 3 2.5 6
655 2ND ST ATTACHED 499,000 2 2 18
18441 INDIAN CREEK DR DETACHED 500,000 3 2.5 1
19061 SW INDIAN CREEK AVE DETACHED 529,000 4 3 120
4978 SUNTREE LN DETACHED 535,000 3 2.5 1
4 GARIBALDI ST DETACHED 650,000 3 2.5 7
2399 PALISADES CREST DR DETACHED 699,000 5 3.5 38
286 D AVE ATTACHED 799,900 3 2.5 83
4113 WOLF BERRY CT DETACHED 834,000 4 3 26
13725 CAMEO CT DETACHED 1,500,000 5 4.5 329

Sold/Closed (Dec 5 – 11th, 2016)

Address Type List Price Close Price Sqft DOM
4000 CARMAN DR CONDO 198,000 199,875 869 3
566 S STATE ST CONDO 215,000 214,600 778 2
3962 CARMAN DR CONDO 244,900 240,000 1129 26
1864 SW KRISTI WAY DETACHED 349,950 342,000 1360 42
6 SUMMIT RIDGE CT DETACHED 399,000 365,000 1750 120
9 ORIOLE LN DETACHED 399,830 381,000 1928 153
4910 REDWING WAY DETACHED 415,000 394,475 1364 1
18861 INDIAN SPRINGS CIR DETACHED 429,500 402,000 1567 31
14588 WILMOT WAY DETACHED 558,000 505,000 2238 97
1481 GREENTREE CIR DETACHED 628,800 625,000 2878 38
13105 ROGERS RD DETACHED 679,000 656,000 2655 121
800 FAIRWAY RD DETACHED 678,000 658,000 2045 37
652 1ST ST CONDO 659,000 659,000 1986 76
13554 SOUTHWOOD CT DETACHED 750,000 750,000 2969 8
2247 SEQUOIA CT DETACHED 925,000 852,500 3493 157
716 LAKE SHORE RD DETACHED 999,000 865,000 1860 64
19371 RIVERWOOD LN DETACHED 1,300,000 1,380,000 5034 4
5405 CHILDS RD DETACHED 1,899,000 1,799,000 5702 247

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 ~ Oct 2016 #’s

A little news for you (+ Oct data below)~

Good news! Conforming Loan limits are rising.  Here’s a little excerpt from a piece in Realtor Magazine:

The federal government is increasing the limit for conforming mortgages from $417,000 to $424,100 in most regions of the United States starting Jan. 1, 2017, the Federal Housing Finance Agency announced Wednesday—the first such increase since 2006.

The approximately 1.7 percent bump in the baseline conforming loan limit follows the FHFA’s announcement that  the average U.S. home price has returned to its pre-decline peak, which it hit in the third quarter of 2007. The FHFA bases the loan cap on its quarterly Housing Price Index, which gauges average single-family home prices. The index rose 1.5 percent during the third quarter of 2016 and is up 6.1 percent over the past year, enough to push it above its previous high point.

Conforming loan limits are significant because they apply to home loans that meet the underwriting guidelines of Fannie Mae or Freddie Mac, the government-sponsored entities that acquire mortgages from lenders and ensure a steady flow of money to the mortgage market. Interest rates for nonconforming, or jumbo mortgages, are generally higher than rates for loans that fall under the cap, and these types of mortgages can be more difficult to obtain.

 

Here are the latest/October numbers for the entire Portland area (and Lake Oswego details below):

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

  • There were 2,929 New Listings in October which was down a whopping 20.3% from September’s 3,673, and down 4.4% from October of 2015’s 3,063.
  • At 2,589, October Closed Sales were also down 8.3% from September’s 2,823, and down 4.7% from October of 2015’s 2,717.
  • October Pending Sales (Accepted Offers), at 2,841 were down only 0.6% from Septembers 2,857, and were also  5.2% lower than October of 2015’s 2,996.
  • The Average Sale Price in October of $405,900 was up $13,700 from September’s $392,200, and also up a whopping $45,900 from October of 2015’s $360,000.     

 

                   _____________________________________________________                                                      October Average Sale Price + Appreciation (last 12 months):

    • North Portland:               $380,400             14.6%  (Sep: $381,400)
    • NE Portland:                    $423,700             11.6%  (Sep: $437,200)
    • SE Portland:                     $384,600            11.7%  (Sep: $368,200)
    • Gresham/Troutdale:        $309,900            12.7%  (Sep: $296,900)
    • Milwaukie/Clackamas:    $372,400            11.1%  (Sep: $395,100)
    • Oregon City/Canby:         $370,500            12.7%  (Sep: $364,100)
    • Lake Oswego/West Linn:$637,400             13.2%  (Sep: $619,800)
    • West Portland:                 $606,900            11.5%  (Sep: $505,100)
    • NW Washington County: $508,000              9.0%   (Sep: $473,300)
    • Beaverton/Aloha:            $322,900            10.7%  (Sep: $335,100)
    • Tigard/Wilsonville:          $404,000            10.5%  (Sep: $400,700)
    • Hillsboro/Forest Grove:  $344,200            14.5%  (Sep: $345,300)

_____________________________________________________

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

    •  372 Active Listings (Sep/412)
    •  143 New Listings    (Sep/191)
    •  119 Pending Sales  (Sep/159 )
    •  131 Closed Sales     (Sep/128)
    • Average Sale Price for October: $637,400  (Sep/ $619,800 )
      • 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: 66 Days  (Aug /53)
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Market Activity Report for November 7 – 11th, 2016

Hey everybody!
I hope your November has been awesome. Have you all noticed that the grocery stores have almost completely skipped Thanksgiving? Like what is up with that? I feel like I was just in Halloween land at the Albertsons and now suddenly its Christmas!
In any case, the real estate market has maintained a steady rhythm. Condos continue to be a hot item, and houses starting at 400,000 to 700,000 continue to be bought and sold at an even pace.

Last week we saw 16 new listings, 23 pending houses, and 10 closed homes!

Following is the breakdown for you according to RMLS:

New on the Market (Nov 07th-13th, 2016)

Address Type Price Bedrooms Bathrooms Sqft
1368 BOCA RATAN DR ATTACHED 325,000 3 2 1611
4386 THUNDER VISTA LN ATTACHED 359,000 3 2.5 1903
18220 INDIAN CREEK DR DETACHED 489,000 4 2 1736
5000 CARMAN DR DETACHED 499,900 2 2.5 2010
440 9th ST DETACHED 675,000 3 2 2269
1422 ASH ST DETACHED 699,000 4 3 2997
17517 OAK MEADOW LN DETACHED 719,000 4 2.5 2952
6457 MCDUFF CT DETACHED 733,500 4 3.5 3193
4113 WOLF BERRY CT DETACHED 839,000 4 3 2922
429 6th ST DETACHED 1,049,000 4 2.5 3205
47 Lamont WAY DETACHED 1,079,000 4 3.5 3043
13599 MEADOWCREEK LN DETACHED 1,099,000 4 3.5 3170
15804 ALLISON PL DETACHED 1,149,000 4 2.5 3751
17084 CHAPIN WAY DETACHED 1,225,000 4 3.5 4028
4434 LAKE VIEW BLVD DETACHED 1,375,000 3 3 2803
1952 HIGHLANDS LOOP DETACHED 2,190,000 4 4.5 4446

Pending Sales (Nov 07th-13th, 2016)

Address Type Price Bedroom Bathrooms DOM
100 KERR PKWY #44 CONDO 150,500 2 1.5 55
4 TOUCHSTONE #109 CONDO 160,000 2 2 264
4 TOUCHSTONE #90 CONDO 199,000 3 2.5 165
131 OSWEGO SMT CONDO 200,000 2 2 57
4083 JEFFERSON PKWY CONDO 299,000 2 2.5 37
51 ORIOLE LN DETACHED 369,900 3 2 1
17311 MANDI LN DETACHED 379,000 3 2.5 115
5720 KENNY ST DETACHED 389,900 3 2 43
4910 REDWING WAY DETACHED 415,000 3 1.5 1
7 CONDOLEA DR CONDO 449,900 3 3 4
2520 SOUTHSHORE BLVD DETACHED 449,900 3 2.5 7
17 LAUREL ST DETACHED 499,500 3 1.5 148
550 2ND ST CONDO 500,000 2 2.5 13
37 HILLSHIRE DR DETACHED 619,000 4 3 52
16 BECKET ST DETACHED 625,000 3 3 126
15939 TWIN FIR RD DETACHED 649,000 3 2 6
652 1ST ST CONDO 659,000 2 2.1 76
4279 ALBERT CIR DETACHED 685,000 3 2.5 125
490 IRON MOUNTAIN BLVD DETACHED 699,900 2 2 2
716 LAKE SHORE RD DETACHED 890,000 3 2 64
581 OAK MEADOW DR DETACHED 1,199,000 4 4.5 307
2301 WEMBLEY PARK RD DETACHED 1,269,900 4 3.5 0
13648 GOODALL RD DETACHED 1,795,000 4 4.5 56

Sold/Closed (Nov 07th-13th, 2016)

Address Type List Price Close Price Sqft DOM
3433 MCNARY PKWY CONDO 229,900 222,000 1344 26
4325 SILVER CT CONDO 260,000 332,250 1844 67
1677 LAUREL ST DETACHED 489,000 490,000 2445 6
13551 SOUTHWOOD CT DETACHED 725,000 667,500 3115 86
654 1ST ST CONDO 689,000 683,000 2140 35
5037 PARKHILL ST DETACHED 729,000 705,000 3157 25
13745 CAMEO CT DETACHED 868,950 750,000 3380 153
650 1ST ST CONDO 899,000 899,000 2767 23
2786 GLENMORRIE DR DETACHED 1,500,000 1,415,000 6095 128
15365 TWIN FIR RD DETACHED 1,500,000 1,417,110 4574 110

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 – Sept 2016

Here are the latest/September numbers for the entire Portland area (and Lake Oswego details below):

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

    • There were 3,673 New Listings in September which was down a whopping 12.6% from August, and up 7.3% from September of 2015.
    • At 2,823, September Closed Sales were also down 5.9% from August’s 3,001, and down 6.2% from September of 2015’s 3,010.
    • September Pending Sales (Accepted Offers), at 2,857 were down 14.1% from August’s 3,325, and were also  3.8% lower than September of 2015’s 2,971.
    • The Average Sale Price in September of $392,200 was down $7,900 from August’s $400,100, and also up around $43,200 from September of 2015’s $349,000.                         _____________________________________________________                                   September Average Sale Price + Appreciation (last 12 months):
    • North Portland:  $381,400                             14.3%   (Aug: $373,400/12.8%)
    • NE Portland:  $437,200                                    10.3%  (Aug: $426,400/ 9.2%)
    • SE Portland:  $368,200                                    11.0%  (Aug: $369,400 / 11.0%
    • Gresham/Troutdale:   $296,900                  12.6%  (Aug: $311,600 / 13.1%)
    • Milwaukie/Clackamas:   $395,100               11.1%  (Aug: $385,300  / 8.6%)
    • Oregon City/Canby:   $364,100                      11.6%  (Aug: $364,100 / 12.8%)
    • Lake Oswego/West Linn:    $619,800         14.2%  (Aug: $619,600 / 11.8%)
    • West Portland:    $505,100                              10.3%  (Aug: $572,100 / 9.8%)
    • NW Washington County:    $473,300           7.8%  (Aug: $495,200  / 7.0%)
    • Beaverton/Aloha:     $335,100                          9.9%  (Aug: $350,300 / 9.4%)
    • Tigard/Wilsonville:    400,700                       10.6%  (Aug: $402,200  / 10.7%)
    • Hillsboro/Forest Grove:    $345,300            14.1%  (Aug: $328,100 / 12.4%)

_____________________________________________________

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

    •  412 Active Listings (Aug/452)
    •  191 New Listings    (Aug/229)
    •  159 Pending Sales  (Aug/162)
    •  128 Closed Sales     (Aug/166)
    • Average Sale Price for September: $619,800   (Aug/ $619,600)
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month.  Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
    • Average Time on the Market: 53 Days  (Aug /59)

 

Posted on

Market Activity Report Oct 10th – 23rd, 2016

Hello everybody! I hope your October is wonderful!
I keep having our tree out front dump a bunch of leaves all over my car. I feel like I wash it and suddenly its covered in leaves again, isn’t fall great!? Haha.
These last few weeks we saw plenty of activity, especially with condos. The house on 9 Spinosa has sold, which I always thought was a super cool looking house! So congrats on the sale you guys!

These last two weeks we saw 29 houses up for sale, 26 houses pending, and 26 homes sold!

Following is the breakdown for you according to RMLS:

New on the Market (Oct 10th-23rd, 2016)

Address Type Price Bedrooms Bathrooms Sqft
45 EAGLE CREST DR #411 CONDO 221,900 2 2 1214
4 TOUCHSTONE #102 CONDO 237,500 4 2 1488
200 BURNHAM RD #206 CONDO 240,000 2 1 1199
3962 CARMAN DR CONDO 244,900 2 0.5 1129
183 OSWEGO SMT CONDO 265,000 2 2 1506
5050 LOWER DR DETACHED 299,900 2 1 1375
1875 FERNWOOD DR DETACHED 349,900 3 1.5 1102
17311 MANDI LN DETACHED 379,000 3 2.5 1935
18914 LONGFELLOW AVE DETACHED 455,000 3 1.5 1232
5635 WINDFIELD LOOP DETACHED 460,000 2 2 1455
15 TOUCHSTONE DETACHED 495,000 4 2.5 2276
1709 MEADOWS DR DETACHED 497,000 4 2.5 2288
208 ASH ST DETACHED 529,500 3 2 1912
16577 GLENWOOD CT DETACHED 545,000 4 3 3279
1669 OAK ST DETACHED 589,000 5 2.5 2649
151 C AVE ATTACHED 624,900 2 2.5 1934
1501 WOODLAND TER DETACHED 649,900 5 3.5 3992
57 EAGLE CREST DR DETACHED 724,900 5 2.5 3884
14061 TAYLORS CREST LN DETACHED 779,000 4 2.5 2970
1 DOVER WAY DETACHED 1,100,000 4 3 3559
605 COUNTRY CLUB RD DETACHED 1,100,000 4 2.5 3422
4 DOVER WAY DETACHED 1,195,000 4 2.5 3779
849 F AVE DETACHED 1,199,900 3 2.5 2674
4390 LORDS LN DETACHED 1,295,000 4 3.5 3693
752 8TH ST DETACHED 1,350,000 5 3.5 4550
404 FAIRMONT RD DETACHED 1,495,000 4 4.5 3948
13725 CAMEO CT DETACHED 1,500,000 5 4.5 4803
915 SKYLAND DR DETACHED 1,590,000 5 5.5 7072
4140 CANAL RD DETACHED 3,999,000 8 7.5 11956

Pending Sales (Oct 10th-23rd, 2016)

Address Type Price Bedroom Bathrooms DOM
100 KERR PKWY #13 CONDO 117,000 1 1 23
3433 MCNARY PKWY CONDO 149,900 2 2 4
4 TOUCHSTONE CONDO 160,000 2 2 244
4000 CARMAN DR CONDO 198,000 2 2 3
3433 MCNARY PKWY CONDO 229,900 3 2 26
4083 JEFFERSON PKWY CONDO 299,000 2 2.5 17
71 GREENRIDGE CT CONDO 345,000 3 2.5 116
18644 SW KRISTI WAY DETACHED 349,950 2 2 42
43 ORIOLE LN DETACHED 365,000 2 2 62
60 WHEATHERSTONE CONDO 375,000 3 3 3
10 SAINT HELENS CIR DETACHED 409,900 2 2 6
1935 FERNWOOD DR DETACHED 455,000 4 3 106
18250 INDIAN CREEK DR DETACHED 469,900 3 2 3
14588 WILMOT WAY DETACHED 538,000 5 3 97
1570 WOODLAND TER DETACHED 579,000 3 2 3
4681 TRILLIUM WOODS ATTACHED 585,000 3 2.5 29
1264 ROCKINGHORSE LN DETACHED 599,000 4 2.5 22
4583 TRILLIUM WOODS ATTACHED 599,000 3 2.5 49
4581 TRILLIUM WOODS ATTACHED 615,000 3 2.5 9
13105 ROGERS RD DETACHED 675,000 4 3 121
800 FAIRWAY RD DETACHED 678,000 3 2 37
14867 TWIN FIR CT DETACHED 699,900 4 3.5 63
5907 BAY POINT DR DETACHED 720,000 4 2.5 1
13554 SOUTHWOOD CT DETACHED 750,000 3 2.5 8
1601 PINE ST DETACHED 894,900 4 3.5 83
13372 FIELDING RD DETACHED 1,000,000 4 4.5 119

Sold/Closed (Oct 10th-23rd, 2016)

Address Type List Price Close Price Sqft DOM
4 TOUCHSTONE CONDO 150,000 151,344 984 7
47 EAGLE CREST DR CONDO 149,900 154,000 932 6
86 KINGSGATE RD CONDO 154,900 154,400 849 8
4000 CARMAN DR 108 CONDO 169,900 170,000 767 5
4000 CARMAN DR A10 CONDO 169,900 190,000 836 5
48 EAGLE CREST DR CONDO 269,000 279,000 1538 10
4960 CENTERWOOD ST DETACHED 549,000 509,000 1663 77
13142 PETERS RD DETACHED 499,900 517,500 2412 17
3200 UPPER DETACHED 499,999 521,000 2543 2
4 ESSEX CT DETACHED 549,900 530,000 2835 23
14863 TWIN FIR CT DETACHED 539,500 543,000 1648 14
9 SPINOSA DETACHED 595,000 569,000 2250 11
16 INDEPENDENCE AVE DETACHED 675,000 607,000 3979 65
32 WILBUR ST CONDO 635,000 660,000 2671 5
1875 CREST DR DETACHED 729,000 725,000 2798 7
5435 WESTFIELD CT DETACHED 790,000 749,900 2796 32
1172 TROON RD DETACHED 827,500 750,000 2504 103
5267 LAKEVIEW BLVD DETACHED 900,000 879,000 3454 29
16830 CHAPIN WAY DETACHED 949,000 905,000 3097 22
13079 AMBER PL DETACHED 948,000 930,000 3200 165
151 BERWICK RD DETACHED 999,500 945,000 4387 37
17432 KELOK RD DETACHED 1,025,000 1,025,000 2884 33
855 G AVE DETACHED 1,599,000 1,460,000 3710 309
610 4th ST DETACHED 1,600,000 1,530,000 3394 31
1400 RIDGECREST DR DETACHED 2,250,000 1,950,000 4202 113
1190 FAIRWAY RD DETACHED 2,315,000 2,315,000 5121 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.