Category: Market Activity

Real Estate Market Statistics for Lake Oswego, Oregon

Posted on

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

 

Posted on

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.

Posted on

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   
Posted on

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.

Posted on

Market Activity Feb 20-26, 2017

Last week in Lake Oswego we had 12 new listings come onto the market, 22 properties receiving offers and go into pending status, and 8 houses that became sold/closed transactions. I know I am watching these numbers and waiting for them to kick into spring time gear. It still feels a bit slow, but I don’t expect that to last for long. Time will tell…..

Following is the breakdown for you according to RMLS:

New on Market (Feb 20-26, 2017)

Address Type Price BR Baths Sq Ft
318 Cervantes Circle Condo $189,900 2 1 832
201 Cervantes Condo $229,000 2 1.5 1216
1180 Oxford Dr Detached $409,900 3 3 1760
16393 Kimball St Detached $475,000 3 2 1522
2388 Overlook Dr Detached $650,000 4 3 2765
5522 Royal Oaks Dr Detached $715,000 4 2.5 2770
4036 Melissa Dr Detached $789,000 4 3.5 3118
2481 Marylshire Ln Detached $799,000 4 3.5 4154
17656 Kelok Rd Detached $1,238,000 3 3.5 3290
17626 Kelok Rd Detached $1,324,000 4 3.5 3909
4250 Upper Dr Detached $1,580,000 4 3.5 4337
16865 Greenbrier Rd Detached $2,595,000 5 5 6104

Pending Sales (Feb 20-26, 2017)

Address Type Price BR Baths Sq Ft CDOM
86 Kingsgate Rd F-206 Condo $164,900 2 2 840 1
24 Oswego Summit Condo $199,000 2 2 1140 5
44 Eagle Crest Dr #28 Condo $209,950 3 2 1085 39
18225 SW 65th Ave Detached $225,500 3 1.5 1701 33
4 Touchstone #102 Condo $237,500 4 2 1488 129
550 S State St Condo $239,900 2 1 920 19
5228 Bonita Rd Detached $330,000 4 2.5 1800 26
15256 Boones Way Attached $424,500 2 2.5 1618 57
18455 Terry Detached $449,000 3 2 2257 8
19064 Benfield Ave Detached $465,000 4 2 1928 5
5750 Washington Ct Detached $539,900 3 2.5 2238 140
900 Devon Ln Detached $595,000 4 3 2234 8
14 Northview Ct Attached $638,500 4 3.5 3279 19
19080 Indian Springs Circle Detached $685,000 4 2 2406 7
2060 Ridge Pointe Dr Detached $740,000 5 2.5 4120 157
2022 Ridegewood Rd Detached $899,000 4 4 4072 41
776 Carrera Ln Detached $1,000,000 4 3 3449 4
15112 Quarry Rd Detached $1,099,000 5 3.5 3285 25
653 A Ave Detached $1,195,000 3 2.5 2628 146
4262 Upper Dr Detached $1,470,000 4 3.5 3982 0
18008 Greenbluff Dr Detached $1,750,000 3 3.5 4402 318
12384 Clara Ln Detached $2,000,000 4 2.5 2007 100

Sold/Closed (Feb 20-26, 2017)

Address Type List Price Sold Price Sq Ft CDOM
200 Burnham Rd #404 Condo $249,000 $218,500 1325 95
220 Ridgeway Rd Condo $259,900 $285,000 914 4
16758 Mellon Ave Detached $659,900 $665,000 2,622 7
4726 Upper Dr Res-Mfg $923,000 $781,000 2250 156
2107 Goodall Ct Detached $850,000 $860,000 3029 3
670 1st St Condo $900,000 $900,000 2767 156
1122 Bayberry Rd Detached $1,299,900 $1,299,900 3259 135
1210 Chandler Rd Detached $2,799,000 $2,550,000 7668 326

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.

Posted on

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.

Posted on

Market Activity Jan 30-Feb 5, 2017

Last week in Lake Oswego there were 11 new listings, 23 properties that moved to pending status, and 13 properties that sold/closed.

Following is the breakdown for you according to RMLS:

New on Market (Jan 30-Feb 5, 2017)

Address Type Price BR Baths Sq Ft
168 Oswego Summit Condo $199,900 2 2 1383
550 State St Condo $245,900 2 1 920
4750 Upper Dr Detached $550,000 4 3 3091
17433 Schalit Way Detached $589,950 4 2.5 2350
15 Northview Ct Attached $638,500 4 3.5 3279
3333 Royce Way Detached $749,000 3 2.5 2697
819 Boca Ratan Dr Detached $814,000 4 3 2762
2050 Childs Rd Detached $1,200,000 4 4 4814
4394 Lords Ln Detached $1,350,000 4 3.5 3748
16586 Phantom Bluff Ct Detached $1,350,000 3 2.5 2523
18000 Eastridge Ln Detached $1,750,000 4 4.5 5610

Pending Sales (Jan 30-Feb 5, 2017)

Address Type Price BR Baths Sq Ft CDOM
4625 Lakeview Blvd Condo $129,000 1 1 753 8
24 Crestfield Ct Condo $149,900 1 1 689 19
169 Oswego Summit Condo $189,900 2 2 1383 289
326 Cervantes Circle 13-E Condo $189,900 2 1 832 10
200 Burnham Rd #404 Condo $234,000 2 2 1325 95
183 Oswego Summit Condo $247,000 2 2 1506 105
220 Ridgeway Rd Condo $259,900 2 1 914 4
19377 Sycamore Ave Detached $355,000 3 1 1008 3
200 Burnham Rd#210 Condo $369,900 3 2 1966 979
19061 Redwing Ct Detached $489,900 3 2 1611 20
4950 Centerwood St Detached $489,900 3 2 1871 201
5725 Windfield Loop Detached $538,000 3 2 1615 12
32 Da Vinci St Detached $619,000 5 3 3460 217
19477 35th Ct Detached $625,000 3 2 3276 53
13448 Auburn Ct Attached $649,900 3 2.5 2535 1
13483 Snowberry Ct Detached $765,000 4 2.5 3308 277
15853 Alston Way Detached $780,000 3 2.5 2689 518
1350 Ridgecrest Dr Detached $799,000 4 3.5 3534 209
205 5th St Detached $799,000 4 3 2556 77
849 F Ave Detached $1,124,900 3 2.5 2674 101
142 Cornell Ct Detached $1,195,000 3 3 2918 173
515 10th St Detached $1,199,000 4 2.5 2821 165
1622 Leslie Ln Detached $1,695,000 5 3.5+.5 5827 0

Sold/Closed (Jan 30-Feb 5, 2017)

Address Type List Price Sold Price Sq Ft CDOM
100 Kerr Pkwy #42 Condo $129,990 $126,500 822 4
3946 Carman Dr Condo $245,000 $245,000 1,129 0
5717 Bonita Rd Detached $478,000 $450,000 2,572 176
6244 Frost Ln Detached $500,000 $465,000 2304 164
937 F Ave Detached $575,000 $480,000 1382 4
4978 Suntree Ln Detached $535,000 $545,000 2348 1
18531 Waxwing Way Detached $565,000 $552,500 1920 53
4801 Heritage Ln Detached $627,500 $589,000 2205 113
2399 Palisades Crest Dr Detached $695,000 $655,000 4452 97
17920 Meadowlark Ln Detached $675,000 $675,000 2716 33
4079 Coltsfoot Ln Detached $759,900 $685,000 3308 528
5343 Greystoke Dr Detached $816,000 $866,840 3125 136
1790 Skyland Dr Detached $1,295,000 $1,275,000 5684 4

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.

Posted on

Market Activity ~ Jan 23-29, 2017

Last week saw 5 New properties enter the market in Lake Oswego, 9 move to Pending status, and 13 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 23-29, 2017)

Address List Price # Beds # Baths Total SF Prop Type
4625 LAKEVIEW BLVD $129,000 1 1 753 CONDO
5228 BONITA RD $330,000 4 2.1 1800 DETACHD
17927 RIDGE LAKE DR $659,000 4 2.1 2544 DETACHD
17071 REBECCA LN $669,000 3 3 2288 DETACHD
17973 Saint Clair DR $748,000 4 3 3323 DETACHD
5328 LOWER DR $795,000 4 2.1 2600 DETACHD
15112 QUARRY RD $1,099,000 5 3.1 3285 DETACHD
3129 DOUGLAS CIR $1,170,000 4 3.1 4002 DETACHD
15536 VILLAGE DR $1,178,000 6 3 3985 DETACHD
4100 CANAL RD $1,349,000 4 3.1 4957 DETACHD

PENDING SALES (Jan 23-29, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4660 WILDWOOD ST $450,000 4 2 2412 DETACHD 118
17821 SUNDOWN CT $599,000 4 2.1 3368 DETACHD 165
44 NOVA CT $749,900 4 2.1 2868 DETACHD 127
471 COUNTRY CLUB CT $799,999 4 3 2962 DETACHD 290
2107 GOODALL CT $850,000 4 3 3029 DETACHD 3
670 1st ST $899,000 3 2.1 2767 CONDO
13 NANSEN SMT $899,900 4 4.1 4625 DETACHD 1278
4720 FIRWOOD RD $1,150,000 4 3 3483 DETACHD 0
12819 ALTO PARK RD $1,169,900 4 4.1 4102 DETACHD 130

SOLD (Jan 23-29, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD #D104 $164,900 $157,000 2 2 924 CONDO 13
4 TOUCHSTONE #87 $175,000 $160,800 2 2 984 CONDO 23
18220 INDIAN CREEK DR $489,000 $470,000 4 2 1736 DETACHD 62
655 2ND ST $499,000 $500,000 2 2 1457 ATTACHD 32
18441 INDIAN CREEK DR $500,000 $512,500 3 2.1 1775 DETACHD 1
19 FALSTAFF ST $549,000 $515,000 4 2.1 3207 DETACHD 207
16 CHURCHILL DOWNS $565,000 $554,000 3 2.1 2056 DETACHD 9
16827 SCOTT CT $1,000,000 $990,000 4 3.1 4179 DETACHD 140
429 6th ST $1,049,000 $999,000 4 2.1 3205 DETACHD
13959 FOSBERG RD $2,500,000 $1,543,440 4 5.1 5075 DETACHD 183

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.

Posted on

Market Activity Jan 9-15, 2017

Having had 12″ snow fall that turned to ice and stayed on the ground for a week, last week was a bit slow. I’m looking forward to seeing the up tick in next week’s report now that we have thawed out. Our numbers last week were 9 new listings, 13 pending sales, and 4 sold/closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (Jan 9-15, 2017)

Address Type Price BR Baths Sq Ft
45 Oswego Summit Condo $109,899 1 1 764
151 Oswego Summit Condo $199,900 2 2 1506
3680 Spring Ln #2B Condo $269,900 3 2.5 1152
19061 Redwing Ct Detached $499,900 3 2 1611
17821 Sundown Ct Detached $599,000 4 2.5 3368
16758 Mellon Ave Detached $659,900 4 2.5 2622
13825 Melrose Pl Detached $924,000 5 4.5 4490
2022 Ridgewood Rd Detached $949,000 4 4 4072
18042 Skyland Circle Detached $1,225,000 5 3 4856

Pending Sales (Jan 9-15, 2017)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #42 Condo $129,990 2 1.5 822 4
86 Kingsgate Rd D104 Condo $164,900 2 2 924 13
4 Touchstone #87 Condo $175,000 2 2 984 23
5057 Foothills Dr C Condo $309,900 3 2 1252 25
4724 Firwood Rd Detached $405,000 3 1.5 1240 29
18220 Indian Creek Dr Detached $479,000 4 2 1736 62
18531 Waxwing Way Detached $550,000 4 3 1920 53
1838 Oak Knoll Ct Detached $595,000 4 2.5 2557 102
32 Da Vinci St Detached $619,000 5 3 3460 193
1900 Greentree Rd Detached $629,900 4 3 3032 164
4079 Coltsfoot Ln Detached $699,900 4 4 3308 528
1 Dover Way Detached $895,000 4 3 3559 93
17833 Marylcreek Dr Detached $960,000 5 4.5 5495 136

Sold/Closed (Jan 9-15, 2017)

Address Type List Price Sold Price Sq Ft CDOM
5050 Lower Dr Detached $299,900 $287,500 1375 86
37 Touchstone Detached $445,000 $430,000 2,573 7
19235 Redwing Ct Detached $485,000 $470,000 2,084 130
16 Becket St Detached $625,000 $589,000 3203 126

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.

Posted on

News & Notes ~ Dec. & 2016 Numbers

Well, the latest numbers for the entire Portland area for December and 2016 are in!  This is particularly interesting because the numbers are through December 31st…therefore there are figures for December (best look at what’s happening “right now”) AND for the entire year.

Here’s a bonus piece of information (graphic) that just came out via Realtor.com indicating that land is now accounting for more of the value of a property than it used to across the United States. We don’t know what this will mean as yet, but it will likely affect how Appraisers valuate and may impact loans accordingly. Keep your eyes peeled for more information on this as the year progresses.

Land Value

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 1,421 New Listings in December 2016 which was down 7.6% from December of 2015’s 1,548, and also down 31.7% from November of 2016’s total of 2,080.
  • At 2,621, December Closed Sales were also down 3.3% from December 2015’s 2,710, and UP 7.7% over the previous month/November 2016’s total of  2,434.
  • December Pending Sales (accepted offers), at 1,757, fell 9.2% from December of 2015’s 1,936, and were also down 22.5% from the previous month/November 2016’s total of 2,266. (Typical: Holidays… Fewer people out making offers for awhile.)
  •  The Average Sale Price in December of $399,300 was up $31,700 from December 2015’s $367,600, and also up from November 2016’s $397,000.
  • The Year-End (Year-To-Date/YTD) Average Sale Price for the Overall Portland Area was $395,000. That compares to 2015’s YTD Average Sale Price which was $354,500. and accounts for an 11.4% rise.
  • The Inventory inventory situation is not much different from last year, which was at 1.2 months as of December 31st 2015…The lowest since 1999.  ***2016 shows Inventory of 1.3 months with 3,511 Active Listings as of Dec 31st.

Average Sale Prices By Area YTD for 2016 were:

  • North Portland: $380,600    (2015: $335,000)
  • NE Portland:  $418,000    (2015: $376,700)
  • SE Portland: $364,600    (2015: $330,100)
  • Gresham/Troutdale: $297,100    (2015: $263,000)
  • Milwaukie/Clackamas: $376,500    (2015: $335,600)
  • Oregon City/Canby: $366,400    (2015: $325,200)
  • Lake Oswego/West Linn: $614,000    (2015: $541,800)
  • W Portland: $563,400    (2015: $495,100)
  • NW Washington County: $487,900    (2015: $442,700)
  • Beaverton/Aloha: $331,900    (2015: $297,300)
  • Tigard/Wilsonville: $404,200    (2015: $370,600)
  • Hillsboro/Forest Grove: $335,100    (2015: $293,900)

The combined areas of Lake Oswego and West Linn  for the month of December 2016 reported:

    •  266 Active Listings    (2015: 255)
    •  68 New Listings    (2015: 86)   
    •  77 Pending Sales    (2015: 98) 
    •  111 Closed Sales    (2015: 143)
    • Average Sale Price for December of $607,100    (2015: $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: 69 Days    (2015: 81)