Category: General

All About Lake Oswego, Oregon real estate topics

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Market Activity Report Nov 16 – 22nd, 2015

Hope everybody had a wonderful and safe holiday! Looks like the week before turkey day was pretty busy! We had 13 pending properties, and 18 that where sold. 8 new houses have hit the market, feel free to check them out!

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

New on the Market (Nov 16-22, 2015)

Address Type Price Bedrooms Bathrooms Sqft
95 OSWEGO SMY CONDO 135,000 2 1.5 1116
3804 BOTTICELLI ST CONDO 167,000 2 1.5 1143
668 MCVEY AVE #40 CONDO 175,000 1 1 626
3954 CARMAN DR CONDO 219,900 2 2.5 1132
5340 CHIN00K CT DETACHED 410,000 3 2 1862
225 HIDALGO ST DETACHED 499,999 4 2.5 2299
547 2ND ST CONDO 625,000 2 2 1529

Pending Sales (Nov 16-22, 2015)

Address Type Price Bedroom Bathrooms DOM
61 GALEN RD CONDO 110,000 1 1 3
16250 PACIFIC HWY #54 CONDO 134,900 1 1 63
668 MCVEY AVE #25 CONDO 299,900 1 1 0
4347 SILVER CT CONDO 319,000 3 2.5 26
27 AQUINAS ST DETACHED 342,000 3 2.5 142
6355 SW DAWN ST DETACHED 345,900 3 2 5
18802 REDWING WAY DETACHED 439,000 3 2 34
1371 KOAWOOD DR DETACHED 599,900 4 3 115
13485 STEAMSIDE DR DETACHED 729,900 3 3 18
1255 BICKNER ST DETACHED 850,000 4 2.5 53
18945 BRYANT RD DETACHED 987,000 5 3 24
2091 SUMMIT DR DETACHED 1,150,000 3 2.5 40
1300 FOREST MEADOWS WAY DETACHED 1,299,000 5 3.5 88

Sold/Closed  (Nov 16-22, 2015)

Address Type List Price Close Price Sqft DOM
100 KERR PKWY #36 CONDO 115,500 115,500 631 42
4000 CARMAB DR g107 CONDO 174,800 171,013 1100 3
3696 SPRING LN 3B CONDO 269,900 285,000 1117 14
12802 BOONS FERRY RD CONDO 339,000 339,000 1454 25
5336 TREE ST DETACHED 379,950 379,950 1696 21
17701 BLUE HERON WAY DETACHED 418,900 380,000 2002 205
89 KINGSGATE RD DETACHED 399,990 394,000 1713 42
5882 KENNYCROFT WAY DETACHED 409,990 409,000 1272 5
17280 WESTVIEW DR DETACHED 487,000 487,000 2324 19
16731 ALDER CIR DETACHED 555,000 550,000 2301 8
15001 TWIN FIR RD DETACHED 585,000 575,000 2664 172
16 WESTMINSTER DR DETACHED 625,000 622,000 3202 2
607 ASH ST DETACHED 659,000 629,200 2860 72
2395 PALISADES CREST DR DETACHED 649,900 640,000 3397 141
17337 CEDAR RD DETACHED 719,000 653,500 3080 29
1061 YATES ST DETACHED 839,900 825,000 2837 33
1075 CHANDLER RD DETACHED 1,975,000 1,794,421 5710 48
1845 HIIGHLANDS LOOP DETACHED 2,500,000 2,230,000 5001 138

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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Dressing For the Rain

Here in Oregon we gear up for the persistent rainy season – which usually lasts from October until June (or perhaps it would be fitting to call our summer the one and only sunny season).
In any case, Oregon is very much known for its greenery and its rain. So how do we locals get ready for the rain?

Rain jackets and wind-breakers. Though wind-breakers are virtually fashionable sheets of waterproof rubber, these bad boys remain the mark of the state! In fact many who have lived here for generations will opt for their wind-breaker rather than an umbrella. Wind-breakers are also nice because you can wear them on the outside of your cloth warm jacket or work blazer. Get yourself a charming pair of rubber goulashes and you’re set!

Art: “Smile At The Rain” – by Beth Mendrickson Logan
(I chose to use this piece of art, which belongs to Beth Logan, because as a little girl I remember seeing it in my classroom. My teacher said: You can tell an Oregonian by how they hold their head up high in the rain.)

Smile At The Rain

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Market Activity Oct 26th – Nov 1st, 2015

This is the first week in quite a long while that I have seen such a small lineup of new listings. The mad rush of inventory that we had through the summer, and into the early fall, is now ending. As the winter begins to approach, and we hunker down with warm drinks and jackets, we’ll also see the real estate market slow down.
Hope everybody has some wonderful plans for turkey day!

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

New on the Market (Oct 26th-Nov 1st, 2015)

Address Type Price Bedrooms Bathrooms Sqft
67 OSWEGO SMT #67 CONDO 179,000 2 2 1212
42 ORIOLE LN DETACHED 350,000 3 2 1290
19 EL GRECO ST DETACHED 698,950 4 3 3030
1269 LAKE GARDEN CT DETACHED 929,000 4 2.5 2056
18945 BRYANT RD DETACHED 987,000 5 3 4755

Pending Sales (Oct 26th-Nov 1st, 2015)

Address Type Price Bedroom Bathrooms DOM
4 TOUCHSTONE #130 CONDO 159,900 2 2 2
668 MCVEY AVE #14 CONDO 179,000 1 1 92
48 EAGLE CREST DR 5E CONDO 205,000 2 2 55
5225 JEAN RD #201 CONDO 224,900 3 2 72
4347 SILVER CT CONDO 319,000 3 2.5 7
80 KINGSGATE RD DETACHED 349,900 3 2 3
5253 TIMBERGROVE ST DETACHED 357,500 3 2 8
18305 FERNBROOK CT DETACHED 399,900 3 2 2
55 NORTH SHORE RD #4 CONDO 415,000 2 2 36
19229 LONGFELLOW AVE DETACHED 419,900 2 2 4
14754 DAVIS LN ATTACHED 445,000 3 2.5 83
17520 REDFERN AVE DETACHED 499,900 3 2 48
432 LININGGOOD LLN DETACHED 519,000 4 3 114
5336 COVENTRY CT DETACHED 524,500 4 2.5 3
316 MIDDLECREST RD DETACHED 595,000 3 2.5 75
4744 CAMBRIDGE CT ATTACHED 605,000 3 2.5 0
17440 BLUE HERON RD DETACHED 699,000 3 3 45
17454 CANAL CIR DETACHED 755,000 3 2.5 47
1032 WESTWARD HO RD DETACHED 929,000 4 3.5 797
3070 WEMBLEY PARK RD DETACHED 1,459,000 4 3.5 127
17700 UPPER CHERRY LN DETACHED 2,500,000 5 5.5 8
1210 CHANDLER RD DETACHED 2,975,000 4 5.5 512

Sold/Closed  (Oct 26th-Nov 1st, 2015)

Address Type List Price Close Price Sqft DOM
4000 CARMAN DR #33 ATTACHED 165,000 170,000 1100 3
3892 BOTTICELLI ST CONDO 235,000 225,000 1288 180
4405 THUNDER VISTA LN CONDO 275,000 270,000 1922 11
1559 WORTHINGTON ST DETACHED 434,900 390,000 2016 83
18357 HEATHER ANN CT DETACHED 439,900 440,000 1832 2
27 DEL PRADO ST DETACHED 449,000 525,000 3341 7
39 NOVA CT DETACHED 539,000 525,000 2590 4
3232 WEMBLEY PARK RD DETACHED 799,900 530,000 2805 108
6 GROUSE TER DETACHED 544,900 534,900 3576 3
729 SOUTHVIEW RD DETACHED 725,000 603,000 2657 141
13836 AMBERWOOD CIR DETACHED 869,000 655,000 4183 184
2189 FERNWOOD CIR DETACHED 650,000 695,000 2921 141
23 MASAEYK ST DETACHED 724,000 724,000 2861 7
1874 GLENMORRIE TER DETACHED 939,000 817,500 3508 295
1943 INDIAN TRAIL DETACHED 869,850 875,000 2960 4
4640 DOGWOODDR DETACHED 1,100,000 900,000 3500 13
475 8TH ST DETACHED 999,950 970,000 2699 65
635 IRON MOUNTAIN BLVD DETACHED 1,369,000 1,369,000 4736 0
2950 WEMBLEY PARK RD DETACHED 1,950,000 1,795,000 6329 111
1186 CRESTLINE CT DETACHED 3,975,000 2,087,730 14411 1457

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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Teal Pumpkins in Lake Oswego

Hello everybody! I hope fall has been pleasant and enjoyable. We seem to be having some of this warm weather stretch out, which will hopefully mean a fun and dry Halloween!
Halloween is my favorite holiday, not only because of the candy and costumes but also because you get to walk with your family around the neighborhood and see the creative decorations that your neighbors worked tirelessly to put out.
One such addition to our spooky decorations that we may be seeing in Lake Oswego is the presence of a teal pumpkin. With food allergies becoming a growing concern the Food Allergy Research and Education has launched a project to encourage households to hand out non-food treats for the little ones. This way children with food allergies can enjoy this holiday without risk of getting sick.
There is an official pledge that I strongly suggest you visit here, though you can be an unofficial participant simply by having a teal pumpkin out and handing out toys instead of candy. When your teal pumpkin is out that will let parents know that you provide non-candy options. Though I do recommend you check out the official web site to learn a bit more before doing this.

Here are some non-candy ideas:
Spooky Halloween toys
Jelly bracelets
Spooky Halloween stationary (like pencils and erasers)
Bubbles!
Spooky Halloween jewelry
Glow sticks!

I hope everybody here in Lake Oswego has a safe and fun Halloween!

Teal Pumpkin

The TEAL PUMPKIN PROJECT and the Teal Pumpkin Image are trademarks of Food Allergy Research & Education (FARE).

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Market Activity Oct 5th – 11th, 2015

We are seeing a gradual decline in activity: Though we have 26 pending properties, 25 sold houses, there are only 7 new listings entering into the market. It will be interesting to see how this affects the activity over the next few weeks.

Hope everybody is staying happy and safe this October!

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

New on the Market Oct 5- Oct 11, 2015)

Address Type Price Bedrooms Bathrooms Sqft
16309 SW LAKE FOREST BLVD DETACHED 385,000 3 2 1608
6105 SHAKESPEARE ST DETACHED 400,000 4 2 1550
5640 MERIDIAN CT DETACHED 799,800 4 3.5 3459
4018 CANAL WOODS CT DETACHED 899,000 5 3.5 3600
2351 PALISADES CREST DR DETACHED 995,000 5 2.5 4564
2091 SUMIT DR DETACHED 1,150,000 3 2.5 2598
855 G AVE DETACHED 1,595,000 3 2.5 3625

Pending Sales Oct 5- Oct 11, 2015)

Address Type Price Bedroom Bathrooms DOM
100 KERR PKWY #36 CONDO 115,500 1 1 42
4000 CARMAN DR #88 CONDO 149,000 2 2 28
4000 CARMAN DR G107 CONDO 174,800 2 2 3
15230 BOONES WAY 1D CONDO 205,000 2 2 4
52 CERVANTES CIR 3-A CONDO 209,000 2 1.5 58
4434 THUNDER VISTA LN ATTACHED 247,000 2 2.5 36
3696 SPRING LN 3B CONDO 269,900 2 2 14
1228 CEDAR ST DETACHED 337,500 3 2 43
18690 DON LEE WAY DETACHED 350,000 3 2 28
17701 BLUE HERON WAY DETACHED 399,000 3 2.5 205
89 KINGSGATE RD DETACHED 399,990 3 2.5 42
3674 CARMAN DR DETACHED 449,000 3 2.5 38
5063 CENTERWOOD ST DETACHED 480,000 4 3 19
17280 WESTVIEW DR DETACHED 487,000 3 3 19
6059 FROST LN DETACHED 508,000 4 2.5 14
18529 DEERBRUSH AVE DETACHED 550,000 4 2.5 8
16731 ALDER CIR DETACHED 555,000 3 2.5 8
2395 PALISADES CREST DR DETACHED 649,900 4 3 141
17337 CEDAR RD DETACHED 675,000 4 3.5 29
37 DA VINCI ST DETACHED 699,900 4 2.5 18
3211 ALBER SPRING CT DETACHED 739,000 4 2.5 2
19133 MEGAN PL DETACHED 749,000 4 3.5 115
18970 BRYANT RD DETACHED 799,900 4 3 46
1061 YATES ST DETACHED 839,900 3 3.5 33
1211 BAYBERRY RD DETACHED 1,125,000 6 5 79
581 2ND ST #581 DETACHED 1,200,000 2 2.5 60

SOLD  (Oct 5- Oct 11, 2015)

Address Type List Price Close Price Sqft DOM
47 EAGLE CREST DR #20 CONDO 126,950 104,000 1009 87
3433 MCNARY PKWY #704 CONDO 169,000 174,900 1008 46
668 MCNARY AVE #44 CONDO 199,000 175,000 636 54
16250 PACIFIC HWY #42 CONDO 234,900 225,000 1350 17
4343 BEASLEY WAY DETACHED 250,000 280,000 1110 7
1819 BOCA RATAN DR ATTACHED 299,999 307,500 1405 3
105 KINGSGATE RD DETACHED 319,900 320,000 1500 66
937 OAK ST DETACHED 445,000 420,000 3153 40
7 HIDALGO ST DETACHED 449,900 433,500 2408 124
19113 TERRY AVE DETACHED 415,000 434,000 1352 3
15144 BOONES WAY DETACHED 465,000 435,000 2409 37
6155 FROST LN DETACHED 488,900 444,888 2364 118
3180 EDGEMONT RD DETACHED 475,000 487,000 1704 5
4403 OAKRIDGE RD ATTACHED 539,000 540,000 2004 0
18707 TUALATA AVE DETACHED 549,900 605,000 2569 3
13265 FOX RUN DETACHED 625,000 620,500 2614 3
2322 STONEHURST CT DETACHED 715,000 650,000 3676 41
311 3RD ST ATTACHED 678,988 664,200 2123 18
595 D AVE DETACHED 1,075,000 1,000,000 3760 75
701 4TH ST DETACHED 1,030,000 1,030,000 2885 3
5220 FIRWOOD RD DETACHED 1,125,000 1,100,000 2507 8
17327 KELOK RD DETACHED 1,250,000 1,100,000 2300 145
17435 WREN CT DETACHED 1,299,900 1,326,000 2960 2
2793 POPLAR WAY DETACHED 1,699,000 1,575,000 6536 16
1115 LAKE FRONT RD DETACHED 1,898,000 1,790,000 3900 6

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 Sept 14th to 20th, 2015

Wow lots of new listings have hit the market within the week. Among those 27 houses my mother has a new listing that you have just got to check out at 2 Walking woods dr! What a beautiful house.
20 homes are currently in escrow, which means that the fall is shaping up to continue this busy trend.
And 20 closes this last week. Congrats you guys!

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

New on the Market (Sept 14-Sept 20, 2015)

Address Type Price Bedrooms Bathrooms Sqft
16250 PACIFIC HWY #54 CONDO 154,900 1 1 841
4405 THUNDER VISTA LN CONDO 275,000 2 2.5 1922
235 CERVANTES CONDO 329,000 2 2 1100
12802 BOONS FERRY RD CONDO 339,000 3 2.5 1454
4226 WOODSIDE CIR ATTACHED 339,900 3 2 1578
14752 DAVIS LN ATTACHED 445,000 3 2.5 1954
55 NORTHSHORE RD #4 CONDO 474,500 2 2 1554
17280 WESTVIEW DR DETACHED 487,000 3 3 2324
9 FALSTAFF ST DETACHED 509,000 4 2.5 2436
5063 CENTERWOOD ST DETACHED 519,000 4 3 2094
1273 ROCKINGHORSE LN DETACHED 575,000 3 2.5 2192
2215 FERNWOOD CIR DETACHED 599,000 4 3 2640
2 WALKING WOODS DR DETACHED 629,000 4 3 4116
15837 ALLISON PL DETACHED 679,000 4 2.5 3534
37 DA VINCI ST DETACHED 699,900 4 2.5 2152
17440 BLUE HERON RD DETACHED 719,000 3 3 2549
17433 BROOKHURST DR DETACHED 749,000 5 4.5 4002
14113 AMBERWOOD DIR DETACHED 749,000 4 2.5 3514
599 7TH ST DETACHED 800,000 4 3 2468
17454 CANAL CIR DETACHED 805,000 3 2.5 2475
5440 SOUTHWOOD DR DETACHED 809,000 4 2.5 3470
637 3RD ST ATTACHED 837,000 3 2.5 2643
625 3RD ST ATTACHED 837,000 3 2.5 2643
5051 LAKEVIEW BLVD DETACHED 949,800 4 3.5 3355
4112 ORCHARD WAY DETACHED 950,000 5 4 4190
4120 CANAL RD DETACHED 1,150,000 4 3.5 4104
2445 GLENMORRIE DR DETACHED 1,385,000 5 5 5106

Pending Sales (Sept 14-Sept 20, 2015)

Address Type Price Bedroom Bathrooms DOM
100 KERR PKWY CONDO 144,900 2 2 3
86 KINGSGATE RD D105 CONDO 159,900 2 2 5
17 CRESTFIELD CT CONDO 163,000 2 1 0
5052 FOOTHILLS DR F CONDO 220,000 3 2 2
4343 BEASLEY WAY DETACHED 250,000 2 2 7
1638 BOCA RATAN DR ATTACHED 269,500 3 1.5 19
1325 BONNIEBRAE DR ATTACHED 274,900 3 2 2
18561 SW KRISTI WAY DETACHED 349,000 3 2.5 1
18690 DON LEE WAY DETACHED 350,000 3 2 8
25 ORIOLE LN DETACHED 439,975 3 2 32
39 NOVA CT DETACHED 539,000 4 2.5 4
4403 OAKRIDGE RD ATTACHED 539,000 3 2.5 0
4926 MULHOLLAND DR ATTACHED 550,000 3 2.5 1
207 EVERGREEN DR ATTACHED 582,000 3 3.5 37
13265 FOX RUN DETACHED 625,000 4 2.5 3
49 BRIARWOOD RD DETACHED 650,000 3 2 5
240 MARYLVIEW CT DETACHED 739,000 4 2.5 24
17766 MARYCREEK DR DETACHED 749,000 4 3.5 68
13084 KNAUS RD DETACHED 799,000 4 2.5 45
1874 GLENMORRIE TER DETACHED 850,000 3 3 295

Sold/Closed  (Sept 14-Sept 20, 2015)

Address Type List Price Close Price Sqft DOM
47 EAGLE CREST DR #14 CONDO 100,000 87,500 666 105
44 EAGLE CREST DR #10 CONDO 93,900 90,000 798 56
4045 JEFFERSON PKWY CONDO 230,000 230,000 1182 3
5061 FOOTHILLS DR E CONDO 209,900 231,500 991 3
4433 THUNDER VISTA LN CONDO 274,900 278,000 1980 50
39 CONDOLEA CT CONDO 375,000 347,500 2198 39
147 KINGSGATE RD DETACHED 349,900 350,600 1120 20
523 2ND ST #105 CONDO 489,000 459,000 1208 20
13951 SHIREVA CT DETACHED 499,900 489,000 2185 117
1161 UPPER DEVON LN DETACHED 560,000 525,000 2265 420
18121 PIONEER CT DETACHED 550,000 550,000 2310 5
4004 MELISSA DR DETACHED 625,000 600,000 2865 133
1545 CLOVERLEAF RD DETACHED 640,000 600,000 2723 37
18117 WESTMINSTER DR DETACHED 675,000 690,000 3233 1
13852 AMBERWOOD CIR DETACHED 775,000 740,000 3032 17
14360 UPLANDS DETACHED 849,000 837,000 2577 31
3950 EDENS EDGE DR DETACHED 1,149,850 1,075,000 4427 45
3967 CANAL RD DETACHED 1,199,800 1,100,000 3875 36
400 D AVE DETACHED 1,239,000 1,150,000 4000 22
401 9TH ST DETACHED 1,590,000 1,275,000 4288 138

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 Aug 24th – 30th, 2015

Summer is starting to wind down, especially with school starting. You can tell that there is just that slight crisp tone in the air letting you know that the leaves are going to start changing color and cover the ground in brilliant golds, oranges, and reds.
For a moment there the market felt like it was starting to follow suit, though there has been a slight hike in sales (especially condos).

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

New on the Market (Aug 24th-30th, 2015)

Address Type Price Bedrooms Bathrooms Sqft
100 KERR PKWY #36 CONDO 115,500 1 1 631
4619 LAKEVIEW BLVD CONDO 116,500 1 1 753
1228 CEDAR ST DETACHED 349,500 3 2 1302
89 KINGSGATE RD DETACHED 399,990 3 2.5 1713
5363 GREYSTOKE DR DETACHED 439,900 3 2 1568
4330 ORCHARD WAY DETACHED 445,000 4 2.5 2099
18275 PILKINGTON RD DETACHED 459,000 3 2 2088
2470 MARYLVIEW CT DETACHED 739,000 4 2.5 3486
13000 ROGERS RD DETACHED 769,000 3 2.5 3252
5959 SUNCREEK DR DETACHED 799,000 4 2.5 3315
15825 OSWEGO SHORE CT DETACHED 2,200,000 3 3.5 4317
18060 EASTRIDGE LN DETACHED 2,995,000 4 4.2 5111

PENDING SALES (Aug 24th-30th, 2015)

Address Type Price Bedroom Bathrooms DOM
4 TOUCHSTONE #153 CONDO 145,000 2 2 32
319 CERVANTES CONDO 199,900 3 2 14
1448 BONNIEBRAE DR ATTACHED 250,000 2 1.5 1
17872 PILKINGTON RD DETACHED 254,900 3 2 30
4097 JEFFERSON PKWY CONDO 259,000 2 2.5 6
210 SSTATE ST #3 CONDO 297,500 2 1.5 21
1819 BOCA RATAN DR ATTACHED 299,999 3 2 3
27 AQYINAS ST DETACHED 380,000 3 2.5 57
19113 TERRY AVE DETACHED 415,000 3 2 3
937 OAK ST DETACHED 445,000 3 3 10
7 HIDALGO DETACHED 445,500 3 2.5 124
1648 ASH ST DETACHED 449,900 3 2 2
14674 RAINBOW DR DETACHED 569,000 4 3 44
865 PALISADES TERRACE DR DETACHED 579,000 3 3 43
5466 BAY CREEK DR DETACHED 615,000 3 3 35
WESTVIEW DR DETACHED 624,950 4 2.5 1117
2322 STONEHURST CT DETACHED 699,000 4 2.5 41
14102 GOODALL RD DETACHED 900,000 3 2.5 57
5220 FIRWOOD RD DETACHED 1,125,000 3 2.5 8
17388 CEDAR RD DETACHED 2,395,000 4 3.5 218

SOLD  (Aug 24th-30th, 2015)

Address Type List Price Close Price Sqft DOM
103 OSWEGO SMT #103 CONDO 144,549 135,000 1116 283
100 KERR PKWY #1 CONDO 159,500 139,000 1188 94
53 CHURCH ST CONDO 153,500 153,500 588 3
200 BURNHAM RD #300 CONDO 189,900 169,000 973 84
5849 FERNBROOK CIR DETACHED 27,500 256,500 1239 94
6331 SHAKESPEARE ST DETACHED 314,900 295,000 922 67
5882 KENNYCROFT WAY DETACHED 315,000 306,000 1272 34
4725 LAKEVIEW BLVD DETACHED 349,900 347,500 1589 18
1268 SPRUCE ST DETACHED 399,000 399,000 2009 108
5725 WINDFIELD LOOP DETACHED 424,950 40,500 1615 14
4545 DOGWOOD DR DETACHED 519,000 519,000 2483 2
15518 HERITAGE CT DETACHED 565,000 525,000 2700 66
13611 BLAZER TRL DETACHED 519,900 536,899 2549 3
31 WALKING WOODS DR DETACHED 500,000 550,000 2889 3
19664 RIVER RUN DR DETACHED 599,900 565,000 3051 84
3752 TEMPEST DR DETACHED 583,000 588,000 3017 3
17721 OVERLOOK CIR DETACHED 599,900 594,000 3172 44
16750 PHANTOM BLUFF CT DETACHED 614,500 607,250 2267 22
7140 CHILDS RD DETACHED 649,900 630,000 2600 9
4896 HASTINGS DR DETACHED 650,000 650,000 2785 30
18168 WESTMINSTER DR DETACHED 749,000 700,000 4220 112
15960 PARKER RD DETACHED 720,000 722,500 2566 9
5864 STEWART GLENN CT DETACHED 790,000 760,000 3224 69
1034 CEDAR ST DETACHED 795,000 799,500 2895 13
1944 PALISADES TERRACE DETACHED 994,000 887,930 4256 35
17469 KELOK RD DETACHED 1,175,000 1,200,000 2675 4
1000 ATWATER RD DETACHED 2,095,000 1,962,500 6391 120
1345 CHANDLER RD DETACHED 2,695,000 2,398,000 6800 98

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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The Importance of 5%

l-lake-oswego-mansionOne of the most important services that I give to my clients is advising them about price. For people whose homes I am selling that advice is my opinion of what their house is worth. For people that I am helping to buy a home, that advice is what to offer. Both of these situations have in common the importance of 5%.

When you are selling your home
The first step in selling your home is consulting with a Realtor. I do a lot of preparation when I go into these appointments. I spend time on line looking at the statistics of home sales in the neighborhood, and then I spend time driving around the area looking at the comparable properties. Every neighborhood has a range of values, depending upon the amount of remodeling that has been done. So when I sit down with homeowners, I am pretty informed about what I want to advise. I am looking to list the house within 5% of what I think it is worth. I know that within this percentage the house is likely to sell. Higher than 5% and I know it will take a bit of a miracle to get the house sold, will lead to a potentially extended marketing time, and will likely end up with a lower final sales price.

So if you are planning to sell your home, please listen to your Realtor and take their recommended price very seriously. Please don’t list for more than 5% over the recommended price.

And if you have made the mistake of over-pricing, and it is time to do a price reduction, the reduction needs to be at least 5% to have an impact on the market.

For buyers making offers
The same 5% holds true when you go to make an offer. If you offer within 5% you have a high likelihood of coming to an agreement. If you offer less, it can shut down negotiations by offending the home owner. There are exceptions to this. I have learned to write whatever my buyer wants me to write because I have had low offers accepted that surprised me. It really comes down to the sellers situation and their motivation. But from my experience low offers generally do not come together. If you really want the house, offer within 5% of the listed price.

Good luck with your house hunting! And remember Whitney, Linda and I are hear to help if you need some great real estate advice.
Dianne

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Market Activity August 03 – 09, 2015

Hello everybody!
Last week we saw some good activity here in Lake Oswego. 20 new houses entered the market, 28 properties have gone pending, and 21 homes where sold! Our summer, though cloudy today, has remained pretty hot in the real estate market!

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

New on Market (Aug 03-Aug 09, 2015)

Address Type Price Bedrooms Bathrooms Sqft
47 EAGLE CREST DR #51 CONDO 90,000 1 1 666
45 EAGLE CREST DR #208 CONDO 185,000 2 2 1046
210 S STATE ST #3 CONDO 297,500 2 1.5 1495
16524 ROOSEVELT AVE DETACHED 349,000 3 1 1131
4141 CHILDS RD DETACHED 360,000 3 2 1339
17347 ASHLEY CT ATTACHED 459,900 4 2.5 2117
14754 DAVIS LN ATTACHED 460,000 3 2.5 1925
5475 BONTA RD DETACHED 519,000 3 2 1904
17920 MEADOWLARK LN DETACHED 569,000 4 2 2716
15585 PARTRIDGE DR DETACHED 620,000 4 2.5 2604
13084 KNAUS RD DETACHED 899,000 4 2.5 3285
12870 ELD ROCK RD DETACHED 950,000 4 3 2725
1361 COUNTRY CMNS DETACHED 1,150,000 3 2.5 3118
581 2ND ST #581 CONDO 1,200,000 2 2.5 2190
12842 ALTO PARK RD DETACHED 1,399,000 5 4.5 4359
2707 SOUTHSHORE BLVD DETACHED 1,449,000 3 3.5 3122
1131 NORTHSHORE RD DETACHED 1,485,000 5 3 3850
2793 POPLAR WAY DETACHED 1,699,000 5 5.5 6536
1075 CHANDLER RD DETACHED 1,975,000 5 4.5 5710
3012 LAKEVIEW BLVD DETACHED 4,988,000 5 4.5 5957

Pending Sales (Aug 03-Aug 09, 2015)

Address Type Price Bedroom Bathrooms DOM
203 OSWEGO SMT CONDO 169,900 2 2 357
4045 JEFFERSON PKWY CONDO 230,000 2 2.5 3
196 CERVANTES CONDO 239,900 2 1.5 12
48 EAGLE CREST DR 4D CONDO 245,000 2 2 4
4433 THUNDER VISTA LN CONDO 270,900 2 2.5 50
4433 KINGSGATE RD DETACHED 319,900 3 2 66
3497 DEVONSHIRE RD ATTACHED 329,900 3 2 6
19431 TUALAMERE AVE DETACHED 339,900 3 1.5 14
147 KINGSGATE RD DETACHED 349,900 2 2 6
4582 TRILLIUM WOODS ATTACHED 459,900 3 2.5 3
4840 DOGWOOD DR DETACHED 475,000 3 3 22
143 KINGSGATE RD DETACHED 475,000 3 2 8
13951 SHIREVA CT DETACHED 489,000 4 3 117
92 TANGLEWOOD DR DETACHED 529,950 4 2.5 23
18707 TUALATA AVE DETACHED 549,900 4 3 3
2701 LAKEVIEW BLVD DETACHED 589,000 4 2.5 9
1545 CLOVERLEAF RD DETACHED 610,000 4 3.5 37
891 G AVE DETACHED 625,000 4 2.5 2
18117 WESTMINSTER DR DETACHED 675,000 4 2.5 1
55 NORTHSHORE RD #11 CONDO 695,000 2 1.5 93
139 DEL PRADO ST DETACHED 699,000 3 2 94
13852 AMBERWOOD CIR DETACHED 749,900 4 2.5 17
5864 STEWART GLENN CT DETACHED 775,000 4 2.5 69
5321 CARMAN GROVE LN DETACHED 800,000 3 3 0
1944 PALISADES TERRACE DETACHED 919,000 4 2.5 35
400 D AVE DETACHED 1,239,000 5 3.5 22
462 9TH ST DETACHED 1,339,000 5 3.5 26
778 CABANA LN DETACHED 1,849,000 3 3 158

Sold/Closed  (Aug 03-Aug 09, 2015)

Address Type List Price Close Price Sqft DOM
226 RIDGEWAY RD CONDO 170,000 175,000 756 37
208 GREENRIDGE DR ATTACHED 337,500 318,000 1392 55
12828 BOONS FERRY RD ATTACHED 320,000 322,000 1136 15
14328 HOLLY SPRINGS RD DETACHED 439,000 428,900 1939 24
3508 RED CEDAR WAY DETACHED 429,900 436,003 1425 6
16946 LOWER MEADOWS DR DETACHED 450,000 440,000 1795 16
230 3RD ST DETACHED 450,000 461,500 1316 4
14480 CAMDEN LN DETACHED 475,000 469,000 1944 10
2891 DELLWOOD DR DETACHED 500,000 500,000 2928 4
27 BECKET ST DETACHED 575,000 539,000 2724 106
5045 GREENSBROUGH CT DETACHED 579,900 570,000 2107 9
760 TIMBERLINE DR DETACHED 624,500 605,000 3058 12
1562 CHANDLER RD DETACHED 779,000 779,000 2307 2
1790 SKYLAND DR DETACHED 900,000 900,000 6033 2
2024 PALISADES TERRACE DR DETACHED 975,000 975,000 4819 6
910 FAIRWAY RD DETACHED 1,069,000 1,023,500 3384 189
1956 CHERYL CT DETACHED 1,425,000 1,368,245 5334 129
17178 CEDAR RD DETACHED 1,495,000 1,525,000 4232 0
16511 MAPLE CIR DETACHED 1,695,000 1,618,500 3342 93
1199 FAIRWAY RD DETACHED 2,799,000 2,235,000 5527 328
16829 GREENBRIER RD DETACHED 2,495,000 217,500 3927 158

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.

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Tips & Tidbits

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

A Few Notes About Earnest Money:

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

I hope this information was helpful!

Very Best,

Linda