Category: Market Activity

Real Estate Market Statistics for Lake Oswego, Oregon

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Market Activity ~ May 29-June 4, 2017

Last week saw 15 New properties enter the market in Lake Oswego, 22 move to Pending status, and 26 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (May 29-June 4, 2017)

Address List Price # Beds # Baths Total SF Prop Type
210 RIDGEWAY RD #13B $249,900 1 1 778 CONDO
668 MCVEY AVE #55 $289,900 1 1 636 CONDO
210 S STATE ST #7 $315,000 2 2 1284 CONDO
1232 CORNELL ST $365,000 3 1 1536 DETACHD
16538 CARNEGIE AVE $429,900 3 2 1182 DETACHD
836 OAK ST $540,000 3 3 2856 DETACHD
17610 WESTVIEW DR $550,000 6 3 2868 DETACHD
5105 ROSEWOOD ST $629,000 4 2 1848 DETACHD
6 MONTICELLO DR $675,000 3 3 3020 DETACHD
18470 RAY RIDGE DR $800,000 4 2.1 3902 DETACHD
18440 DELENKA LN $869,000 4 3.1 4668 DETACHD
14167 TAYLORS CREST LN $948,000 4 2.1 3675 DETACHD
15804 ALLISON PL $1,049,000 4 2.1 3751 DETACHD
4047 WESTBAY RD $1,275,000 4 2 2705 DETACHD
16661 PHANTOM BLUFF CT $3,995,000 5 5.1 5371 DETACHD

PENDING SALES (May 29-June 4, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWYb #49 $158,900 2 1.1 823 CONDO 5
210 S STATE ST #1 $365,000 2 1.1 1767 CONDO 10
117 3RD ST #117 $448,000 2 2 1056 CONDO 7
568 2ND ST $475,000 2 2.1 1395 ATTACHD 76
1108 CEDAR ST $489,900 3 1.1 1206 DETACHD 11
5189 TREE ST $524,900 3 2 1470 DETACHD 49
16998 SUMMER PL $609,900 4 2.1 2448 DETACHD 4
2405 DELLWOOD DR $624,500 5 3 2336 DETACHD 6
4865 SAGE HEN WAY $635,000 4 2.1 2323 DETACHD 25
9 DEL PRADO ST $689,900 4 3 2930 DETACHD 3
3355 UPPER DR $699,000 4 2 3126 DETACHD 76
14313 AMBERWOOD CIR $699,900 3 2 2343 DETACHD 32
496 10TH ST $825,000 4 2 1854 DETACHD 27
4991 CASCARA LN $825,000 4 3.1 3648 DETACHD 7
2886 UPPER DR $848,900 4 3 2498 DETACHD 13
2764 RIVENDELL RD $899,900 5 2.1 3451 DETACHD 15
5349 CARMAN GROVE LN $899,900 4 3 2847 DETACHD 41
4081 PFEIFER CT $949,900 5 3.1 4078 DETACHD 54
4665 FIRWOOD RD $969,000 3 2.1 2541 DETACHD 2
1120 HOODVIEW LN $1,089,000 4 3 3909 DETACHD 110
975 ENGLEWOOD DR $1,275,000 5 3.1 4024 DETACHD 13
4300 HAVEN ST $1,299,000 4 3.1 4312 DETACHD 212

SOLD (May 29-June 4, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
111 Oswego Summit #111 $195,500 $206,700 1 1 764 CONDO 21
668 MCVEY AVE #43 $219,000 $219,000 1 1 636 CONDO 4
5056 FOOTHILLS DR #58 $339,900 $339,400 2 2 1252 CONDO 7
5053 FOOTHILLS DR #F $365,000 $374,000 3 2 1252 ATTACHD 15
1410 SPRUCE ST $439,900 $457,900 3 2 1242 DETACHD 2
16500 LEXINGTON CT $550,000 $540,000 2 2 1688 DETACHD 7
56 AQUINAS ST $529,000 $540,000 4 3 2119 DETACHD 10
4967 BILFORD LN $545,000 $560,000 2 2 1753 DETACHD 6
2401 MAYORS LN $595,000 $565,000 3 3 3004 DETACHD 32
17085 CHAPIN WAY $619,900 $575,000 3 3 3330 DETACHD 20
1475 LABURNUM WAY $549,000 $605,000 3 2.1 1748 DETACHD 3
46 DA VINCI ST $659,900 $629,000 4 3 3378 DETACHD 34
1264 HIDE A WAY LN $642,000 $642,000 4 2.1 2674 DETACHD 0
5923 BAY POINT DR $650,000 $650,000 4 3 1763 DETACHD 0
5656 LA MESA CT $729,950 $665,000 4 3 2748 DETACHD 214
2485 MARYLSHIRE LN $649,900 $665,000 3 3 2844 DETACHD 5
17020 CHAPIN WAY $675,000 $675,000 4 3 3258 DETACHD 60
1411 CHERRY CREST DR $728,000 $699,900 8 4.3 3155 DETACHD 21
524 WEIDMAN CT $819,000 $800,000 4 2.1 3450 DETACHD 21
17024 CANAL CIR $620,000 $850,000 3 1 1267 DETACHD 645
17448 OAK MEADOW LN $799,900 $850,000 4 2.1 3427 DETACHD 4
203 RIDGEWAY RD $999,000 $927,500 4 3.1 3624 DETACHD 646
17577 BROOKHURST DR $995,000 $995,000 4 2.1 3894 DETACHD 6
4230 SUNSET DR $1,200,000 $1,175,000 4 2.1 3250 DETACHD 14
148 5TH ST $1,525,000 $1,441,419 4 3.1 3540 DETACHD 119
18000 EASTRIDGE LN $1,750,000 $1,700,000 4 4.1 5610 DETACHD 69

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 May 15-21, 2017

We are having just outstanding weather with mild sunny days, lots of blue sky, and gardens that are in full bloom. May and June in Oregon is hard to beat. This is also the time of year when our real estate market really heats up. My theory, along with wanting to move during the summer break, is that people want to identify the house they are moving to before their vacation plans complicate the timing. So it is a great time to be both buying and selling. This is reflected in last week’s market activity where Lake Oswego saw 29 properties come onto the market as new listings, 26 properties go into pending status and 19 properties that sold/closed.

Following is the breakdown for you according to RMLS:

New on the Market (May 15-21, 2017)

Address Type Price BR Baths Sq Ft
6930 Montauk Circle Condo $197,000 2 1 924
48 Eagle Crest Dr 1B Condo $339,000 3 2 1538
1666 Boca Ratan Dr Attached $355,000 3 2 1611
15 Britten Ct Attached $399,900 3 2.5 1972
1108 Cedar St Detached $489,900 3 1.5 1206
1710 Meadows Dr Detached $545,000 3 2 1677
12729 19th Ave Detached $549,900 4 2 2700
84 Greenridge Ct Attached $570,000 4 2.5 2868
5028 Greensborough Ct Detached $629,900 4 2.5 2358
13731 Provincial Hill Dr Detached $635,000 3 2.5 2262
1258 Hida A Way Ln Detached $775,000 7 3.5 4219
5088 Woodcrest Ln Detached $814,500 4 2.5 3183
2886 Upper Dr Detached $848,900 4 3 2498
171 5th St Detached $875,000 3 1 1910
2764 Rivendell Rd Detached $899,900 5 2.5 3451
2375 Fernwood Circle Detached $899,900 4 3.5 4183
481 Iron Mountain Blvd Detached $929,000 4 2.5+.5 3859
18125 Pilkington Rd Detached $1,065,000 4 3 3229
14750 Uplands Dr Detached $1,100,000 4 3 3387
1443 Country Commons Detached $1,189,000 3 2.5 3385
17436 Kelok Rd Detached $1,198,000 4 2.5 3054
19177 Hill Top Rd Detached $1,199,000 5 3.5 4692
892 8th St Detached $1,200,000 4 3.5 2800
4190 Chapman Way Detached $1,250,000 4 3.5 3553
740 7th St Detached $1,395,000 7 7 5431
18639 Pilkington Rd Detached $1,495,000 4 4 4148
1655 Leslie Ln Detached $1,750,000 4 3.5 4800
16938 Alder Circle Detached $1,950,000 4 3.5 3241
2430 Summit Ct Detached $2,300,000 3 3 2911

Pending Sales (May 15-21, 2017)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #20 Condo $115,000 1 1 617 9
332 Cervantes Circle Condo $184,900 2 1 832 40
6928 Montauk Circle Condo $235,000 2 1 924 0
7210 Childs Rd Condo $339,000 3 2 1542 989
16681 Lake Forest Blvd Detached $375,000 3 1 936 2
4268 Woodside Circle Attached $375,000 4 2 1944 28
1709 Aspen Ct Detached $395,000 3 2 1559 7
1033 Hallinan St Detached $395,000 3 1 936 28
870 Lake Forest Dr Detached $450,000 4 2 1808 1
18851 Indian Springs Circle Detached $480,000 3 2 1903 0
13206 Vermeer Dr Detached $489,000 4 2 2095 16
3711 Wren St Detached $529,000 3 2 1704 14
11 Morningview Circle Detached $585,585 3 2.5 2845 43
1641 Devon Ln Detached $589,000 3 2.5 2013 67
2442 Palisades Crest Dr Detached $599,900 4 2.5 2707 9
17071 Rebecca Ln Detached $599,900 3 3 2278 107
2272 Park Rd Detached $675,000 4 3 2325 19
2255 Greentree Rd Detached $675,000 3 2.5 2709 4
41 Churchill Downs Detached $679,000 4 3.5 2763 5
3355 Upper Dr Detached $725,000 4 2 3126 63
5228 Lower Dr Detached $795,000 4 2.5 2712 21
4112 Orchard Way Detached $969,000 5 4 4153 8
3151 Alber Spring Ct Detached $999,950 5 3.5 3802 29
3938 Edens Edge Dr Detached $1,019,000 4 3.5 3882 36
16001 Parelius Circle Detached $1,225,000 5 2.5 4309 13
401 9th St Detached $1,299,000 4 3.5 4288 240

Sold/Closed (May 15-21, 2017)

Address Type List Price Sold Price Sq Ft CDOM
47 Eagle Crest Dr #11 Condo $179,900 $179,000 932 7
750 1st St #E28 Condo $199,950 $197,000 902 4
200 Burnham Rd #400 Condo $210,000 $208,000 968 2
33 Eagle Crest Dr #36 Condo $189,900 $211,000 908 14
50 Oswego Summit Condo $199,900 $222,500 752 2
200 Oswego Summit Condo $230,000 $232,000 1383 3
1602 Bonniebrae Dr Attached $275,000 $272,500 864 7
32 Greenridge Ct Condo $309,899 $353,000 1996 107
17901 Tualata Ave Detached $347,000 $355,000 912 3
5463 Tree St Detached $485,000 $475,000 1460 107
1658 Greentree Rd Detached $479,000 $479,080 2394 40
3211 Royce Way Detached $499,900 $509,900 2395 32
1032 Laurel St Detached $535,000 $540,000 2426 3
1662 Worthington St Detached $599,999 $620,000 2116 7
16038 Reese Rd Detached $729,900 $700,000 3189 48
13276 Deerfield Ct Detached $775,000 $775,000 3066 0
15199 Lily Bay Ct Detached $878,000 $865,000 2696 19
16672 Fir Ln Detached $1,238,000 $1,190,000 4179 98
4394 Lords Ln Detached $1,350,000 $1,325,000 3748 54

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

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News & Notes ~ April Data

Here is your look at the most recent data for the entire Portland area and how Lake Oswego fits in to this picture below:

  • According to the RMLS Market Action Report for the Portland Metro Area, April, 2017:
    • There were 3,579 New Listings in April 2017 which was down 7.9% from April of 2016’s 4,082, but UP 4.3% from March of 2017’s total of 3,604.
    • At 2,219, April Closed Sales were down 15% from April 2016’s 2,611, and also down 11% over the previous month/March 2017’s total of  2,494.
    • April Pending Sales (accepted offers), at 3,088 fell 10% from April of 2016’s 3,432, but were UP 1.5% from the previous month/March 2017’s total of 3,043.
    • The Average Sale Price in April of $428,800 was up $31,100 from April 2016’s $397,700, and showed hardly any change from March 2017’s $428,400.                      
                            April Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $410,000                          11.6%
  • NE Portland:  $455,700                               10.7%
  • SE Portland:  $404,000                                11.0%
  • Gresham/Troutdale:   $324,700                 12.5%
  • Milwaukie/Clackamas:   $415,600             10.7%
  • Oregon City/Canby:   $398,400                    8.6%
  • Lake Oswego/West Linn:    $623,300          9.6%
  • West Portland:    $598,400                         14.0%
  • NW Washington County:    $549,400          10.6%
  • Beaverton/Aloha:     $360,900                   10.9%
  • Tigard/Wilsonville:    429,420                     7.1%
  • Hillsboro/Forest Grove:    $384,200          13.3%

The combined areas of Lake Oswego and West Linn  for the month of April 2017 reported:

    •  318 Active Listings   
    •  252 New Listings     
    •  185Pending Sales   
    •  112 Closed Sales  
    • Average Sale Price for April: $623,300  
      • 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: 68 Days   

 
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Market Activity ~ May 8-14, 2017

Last week saw 20 New properties enter the market in Lake Oswego, 32 move to Pending status, and 18 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (May 8-14, 2017)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY #20 $115,000 1 1 617 CONDO
163 OSWEGO SMT / Upper $254,900 2 2 1506 CONDO
1709 ASPEN CT $395,000 3 2 1559 DETACHD
17635 DEEMAR WAY $449,900 3 2 1488 DETACHD
23 FALSTAFF ST $520,000 3 2 1434 DETACHD
2255 Greentree RD $675,000 3 2.1 2709 DETACHD
41 CHURCHILL DOWNS $679,000 4 3.1 2763 DETACHD
5645 LA MESA CT $699,500 4 3 2668 DETACHD
18295 WESTVIEW DR $699,900 4 2.1 3580 DETACHD
17 MASARYK ST $700,000 4 3 4140 DETACHD
15950 PARKER RD $765,000 5 2.1 2686 DETACHD
16853 SCOTT CT $920,000 5 4 3917 DETACHD
812 COUNTRY CMNS $950,000 4 4 3740 DETACHD
18108 PILKINGTON RD $968,000 3 3.1 4097 DETACHD
1316 CEDAR ST $1,090,000 5 3.1 3140 DETACHD
17367 LAKE HAVEN DR $1,650,000 4 3 4093 DETACHD
2462 SUMMIT DR $1,695,000 3 2.1 3598 DETACHD
17344 CEDAR RD $1,775,000 5 2.1 2831 DETACHD
1051 FOREST MEADOWS WAY $1,850,000 6 3.2 5505 DETACHD
199 FURNACE ST / Upper $1,995,000 3 3.1 5772 CONDO

PENDING SALES (May 8-14, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #126 $183,000 2 2 1000 CONDO 25
750 1ST ST #32 $199,900 1 1 986 CONDO 24
5907 KENNY ST $235,000 3 1.1 1236 DETACHD 3
224 RIDGEWAY RD/Upper $249,900 1 1 700 CONDO 29
5052 FOOTHILLS DR #G $329,900 2 2 1252 CONDO 9
668 MCVEY AVE #76 $344,900 2 1 852 CONDO 40
238 GREENRIDGE DR $354,900 3 2 1514 ATTACHD 8
16860 CORTEZ CT $379,900 3 2 1056 DETACHD 3
14428 HOLLY SPRINGS RD $475,000 3 2.1 1372 DETACHD 17
17653 MARDEE AVE $478,900 3 2 1742 DETACHD 5
937 COUNTRY CLUB RD $484,900 3 1 1990 DETACHD 7
2030 GREENTREE RD $489,900 3 2 1598 DETACHD 6
5189 TREE ST $524,900 3 2 1470 DETACHD 25
1475 LABURNUM WAY $549,000 3 2.1 1748 DETACHD 3
3845 TEMPEST DR $569,000 4 2.1 1931 DETACHD 3
5871 SW BONITA RD $575,000 4 3 2406 DETACHD 268
960 CAPILANO CT $630,000 4 3 2416 DETACHD 49
1004 CUMBERLAND PL $639,000 5 2 3313 DETACHD 21
16695 GLENWOOD CT $650,000 4 3 3060 DETACHD 112
4913 HASTINGS DR $653,000 3 2.1 2280 DETACHD 26
12844 SIERRA VISTA DR $660,000 4 2.1 2592 DETACHD 3
2272 PARK RD $675,000 4 3 2325 DETACHD 14
13876 PROVINCIAL HILL DR $685,000 4 3.1 2798 DETACHD 57
840 BOCA RATAN DR $699,900 4 3.1 3595 DETACHD 283
4896 HASTINGS DR $725,000 4 2.1 2785 DETACHD 1
17739 OVERLOOK CIR $800,000 4 2.1 3391 DETACHD 11
524 WEIDMAN CT $819,000 4 2.1 3450 DETACHD 21
16039 BONAIRE AVE $860,000 3 3 3305 DETACHD 0
15700 TWIN FIR RD $889,000 3 2.1 2731 DETACHD 2
1100 TYNDALL CT $889,500 3 2.1 3142 DETACHD 55
4 Pilkington Road $1,250,000 4 3 3620 DETACHD
14733 Uplands DR $2,195,000 5 5.3 7694 DETACHD 302

SOLD (May 8-14, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #11 $120,900 $106,000 1 1 617 CONDO 48
4 TOUCHSTONE #76 $199,900 $189,000 2 2 984 CONDO 7
29 CRESTFIELD CT / Lower $174,900 $193,000 2 2 995 CONDO 3
168 OSWEGO SMT #23 $199,900 $195,000 2 2 1383 CONDO 64
181 OSWEGO SMT / Upper $237,000 $237,000 2 2 1383 CONDO 12
1233 BOCA RATAN DR $325,000 $325,000 2 2 1393 ATTACHD 4
4756 CARMAN DR $379,000 $387,000 3 1 1455 DETACHD 4
39 AQUINAS ST $525,000 $525,000 2 2.1 1986 DETACHD 4
5966 FROST LN $550,000 $551,375 4 2.1 2036 DETACHD 37
2 DEL PRADO ST $550,000 $560,000 5 4 3287 DETACHD 2
1227 ASH ST $599,900 $590,000 2 2 2151 DETACHD 37
802 SUNNY HILL DR $629,000 $629,000 4 2.1 2508 DETACHD 0
16007 Bonaire ST $867,000 $850,000 3 2.1 2845 DETACHD
5640 MERIDIAN CT $850,000 $850,000 5 3.1 3493 DETACHD 1
13 NANSEN SMT $899,900 $899,000 4 4.1 4625 DETACHD 1340
950 CEDAR ST $993,000 $970,000 4 3.1 3135 DETACHD 417
15536 VILLAGE DR $1,178,000 $1,002,500 5 3 3985 DETACHD 50
15530 DIAMOND HEAD RD $3,398,000 $3,000,000 5 4 6298 DETACHD 142

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

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Market Activity April 24-30, 2017

Our spring market is moving right along with 18 new listings this past week, 31 pending sales, and 22 closed/sold properties. Only 18 new listings up against 31 pending sales continues to reflect that demand is out pacing supply. Expect to see prices continue to rise in this real estate climate.

Following is the breakdown for you according to RMLS:

New on the Market (April 24-30, 2017)

Address Type Price BR Baths Sq Ft
7190 Childs Rd Detached $450,000 3 2.5 2316
1705 Conifer Dr Detached $499,900 3 1.5 1774
19101 Redwing Ct Detached $549,900 3 2 1434
12 Scarborough Dr Detached $650,000 4 2.5 2966
10 Buckingham Terr Detached $674,900 4 3 3428
2272 Park Rd Detached $675,000 4 3 2325
18034 Westview Dr Detached $715,000 4 2.5 3562
5228 Lower Dr Detached $795,000 4 2.5 2712
17739 Overlook Circle Detached $800,000 4 2.5 3391
810 9th St Detached $829,000 3 2 2417
725 Oak Meadow Ct Detached $1,119,000 4 2.5+.5 3753
426 7th St Detached $1,178,000 4 2.5 3088
1555 Country Commons Detached $1,279,000 3 2.5 4191
4933 Lakeview Blvd Detached $1,295,000 3 3 3988
14711 Uplands Dr Detached $1,375,000 4 4.5 3504
635 Iron Mountain Blvd Detached $1,598,000 5 3.5 4736
705 Terrace Dr Detached $2,395,000 4 3.5 3686
18785 Westview Dr Detached $2,995,000 4 3.5+.5+.5 6008

Pending Sales (April 24-30, 2017)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #11 Condo $120,900 1 1 617 48
86 Kingsgate Rd F202 Condo $164,900 2 2 849 23
29 Crestfield Ct Condo $174,900 2 2 995 3
111 Oswego Summit Condo $195,500 1 1 764 21
216 Cervantes A Condo $220,000 2 1 1336 2
5056 Foothills Dr #58 Condo $339,900 2 2 1252 7
34 Weatherstone #17 Attached $375,000 3 2.5 1692 2
4454 Thunder Vista Ln Condo $379,900 3 3.5 1894 36
1033 Hallinan St Detached $399,900 3 1 936 8
81 Kingsgate Rd Detached $419,500 2 2 1270 13
4968 Suntree Ln Attached $429,000 2 2.5 1680 12
1410 Spruce St Detached $439,900 3 2 1242 2
440 Boca Ratan Dr Detached $499,000 3 2 1932 21
39 Aquinas St Detached $525,000 2 2.5 1986 4
4067 Melissa Dr Detached $599,000 4 2.5 2623 4
19155 Bryant Dr Detached $600,000 4 1.5 1826 20
17085 Chapin Way Detached $619,900 3 3 3330 20
980 C Ave Detached $625,000 3 2 1317 0
1666 Fircrest Dr Detached $638,000 4 3 2817 25
5875 Bay Point Dr Detached $649,000 3 2.5 2511 10
940 Hoodview Ln Detached $649,900 4 2.5 2520 8
960 Bullock St Detached $649,900 3 2 3200 3
16 Del Prado St Detached $749,000 4 2.5 2682 4
5332 Lower Dr Detached $795,000 4 2.5 2600 42
50 Becket St Detached $849,900 4 2.5 4162 10
3 Dover Way Detached $899,999 5 2.5+.5 4988 21
17577 Brookhurst Dr Detached $995,000 4 2.5 3894 6
14113 Amberwood Circle Detached $1,039,000 4 2.5 3512 15
5250 Dawn St Detached $1,425,000 4 3.5 4387 2
148 5th St Detached $1,479,000 4 3.5 3540 119
3133 Douglas Circle Detached $1,499,000 4 3.5 3981 25

Sold/Closed (April 24-30, 2017)

Address Type List Price Sold Price Sq Ft CDOM
512 S State St Condo $170,000 $170,000 829 3
4000 Carman Dr A6 Condo $215,000 $205,000 866 2
234 Ridgeway Rd Condo $330,000 $293,000 914 11
5056 Foothills Dr F Condo $350,000 $329,000 1252 17
2 Summit Ridge Ct Attached $449,900 $385,000 1750 26
4418 Thunder Vista Ln Condo $385,000 $386,000 2040 12
17224 Greentree Ave Detached $465,900 $460,000 1554 7
6122 Carman Dr Detached $520,000 $481,000 1508 4
17872 Pilkington Rd Detached $595,000 $540,000 1610 169
16510 Maple Circle Detached $609,000 $585,000 2295 191
15939 Twin Fir Rd Detached $649,000 $657,900 2480 131
17927 Ridge Lake Dr Detached $659,000 $659,000 2544 54
3660 Olson Ct Detached $675,000 $670,000 3172 3
3758 Olson Ct Detached $675,000 $675,000 3193 1
4587 Trillium Woods Attached $650,000 $680,000 2211 2
3333 Royce Way Detached $749,000 $706,000 2697 44
5043 Rosewood St Detached $849,000 $799,000 2963 24
13970 Taylors Crest Ln Detached $869,000 $869,000 3371 2
4720 Firwood Rd Detached $1,150,000 $1,150,000 3483 0
17473 Canal Circle Detached $1,550,000 $1,506,000 2815 4
17104 Cedar Rd Detached $1,699,000 $1,565,000 3310 263
757 Lake Shore Rd Detached $2,895,000 $2,750,000 4098 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.

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Market Activity April 3-9, 2017

Driving across town yesterday I put on and took off my sunglasses 3 times. That’s how spring rolls in Lake Oswego: beautiful blue skies and sunshine, pouring rain, beautiful blue skies and sunshine, pouring rain. I will also say that the sunsets with the dramatic cloud formations have been incredible. The spring market is kicking into gear as well. Last week LO had 21 properties come onto the market, 22 go into pending status, and 16 closed/sold homes.

Following is the breakdown for you according to RMLS:

New on the Market (April 3-9, 2017)

Address Type Price BR Baths Sq Ft
4615 Lakeview Blvd Condo $99,900 1 1 753
15 Crestfield Ct Condo $125,000 1 1 552
86 Kingsgate Rd F202 Condo $164,900 2 2 849
47 Eagle Crest Dr #11 Condo $179,900 2 1 932
332 Cervantes Cir Condo $184,900 2 1 832
86 Kingsgate RdD 201 Condo $189,500 2 2 938
44 Eagle Cresst Dr #36 Condo $189,900 2 1 908
750 1st St E28 Condo $199,950 1 1 902
1233 Boca Ratan Dr Attached $325,000 2 2 1393
56 Aquinas St Detached $529,000 4 3 2119
5 Grouse Terr Detached $579,000 3 2.5+.5 2527
14542 Rainbow Dr Detached $597,000 6 3 3642
17085 Chapin Way Detached $619,900 3 3 3330
18247 Moria Ct Detached $664,950 4 2.5 2791
103 Girabaldi St Detached $949,000 4 3.5 3940
13658 Provincial Hill Way Detached $990,000 5 4 3853
4081 Pfeifer Ct Detached $999,990 5 3.5 4078
3926 Edens Edge Dr Detached $1,199,000 5 3.5+.5 4624
4230 Sunset Dr Detached $1,200,000 4 2.5 3250
3133 Douglas Cir Detached $1,499,000 4 3.5 3981
13571 Westlake Dr Detached $1,500,000 5 4.5 4078

Pending Sales (April 3-9, 2017)

Address Type Price BR Baths Sq Ft CDOM
111 Oswego Summit Condo $195,500 1 1 764 1
168 Oswego Summit Condo $197,000 2 2 1383 64
169 Oswego Summit Condo $199,999 2 2 1383 352
181 Oswego Summit Condo $237,000 2 2 1383 12
245 Cervantes Condo $250,000 2 2 1292 3
5063 Foothills Dr A Condo $310,000 2 2 991 2
17901 Tualata Ave Detached $347,000 3 1 912 3
17224 Greentree Ave Detached $465,900 3 2 1554 7
19 Bloch Terr Attached $365,000 2 2 1527 2
5463 Tree St Detached $485,000 3 1.5 1460 5
440 Boca Ratan Dr Detached $499,000 3 2 1932 2
5750 Washington Ct Detached $549,900 3 2.5 2238 182
4688 Firwood Rd Detached $569,000 5 2.5 2436 2
1227 Ash St Detached $599,900 2 2 2151 37
1666 Fircrest Dr Detached $640,000 4 3 2817 5
17465 Upper Cherry Ln Detached $645,000 4 3 3856 228
18461 Waxwing Cir Detached $649,900 5 2.5 3109 3
2397 Hillside Ln Detached $739,000 5 3 2950 8
2481 Marylshire Ln Detached $799,000 5 3.5 4154 37
5640 Meridian Ct Detached $850,000 5 3.5 3493 1
1273 Wells St Detached $979,000 5 3 4091 55
13327 Atwater Ln Detached $1,395,000 3 3 3004 7

Sold/Closed (April 3-9, 2017)

Address Type List Price Sold Price Sq Ft CDOM
1 Crestfield Ct Condo $149,500 $155,629 689 4
47 Eagle Crest Dr #62 Attached $190,000 $203,000 1,026 4
151 Oswego Summit Condo $199,900 $213,000 1,506 37
44 Eagle Crest Dr #28 Condo $219,950 $215,000 1085 39
550 S State St Condo $254,900 $246,000 920 19
18225 SW 65th Ave Detached $225,500 $258,944 1701 33
3970 Carman Dr Attached $250,000 $275,000 1129 2
15256 Boones Way Attached $424,500 $422,085 1618 57
5115 Firwood Rd Detached $479,900 $485,000 1657 1
4750 Upper Dr Detached $550,000 $550,000 3091 14
5 Preakness Ct Detached $565,000 $565,000 3003 2
2060 Ridge Pointe Dr Detached $760,000 $727,060 4120 157
5328 Lower Dr Detached $795,000 $785,000 2600 32
286 D Ave Attached $799,900 $799,000 2302 83
2100 Ridge Pointe Dr Detached $799,900 $825,000 5375 228
776 Carrera Ln Detached $1,000,000 $991,700 3449 25

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

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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

 

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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.

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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   
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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.