Category: Market Activity

Real Estate Market Statistics for Lake Oswego, Oregon

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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.

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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.

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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.

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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.

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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.

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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)
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Market Activity ~ Jan 2-8, 2017

The week of Jan 2-8, saw 5 New properties enter the market in Lake Oswego, 9 move to Pending status, and 13 “Closed”/Sold. Notably, there were a whopping *18* “refreshed properties which I removed (as usual for your viewing pleasure ; ) from the “New” category.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 2-8, 2017)

Address List Price # Beds # Baths Total SF Prop Type
2734 ORCHARD HILL LN $697,000.00 4 2.1 2814 DETACHD
4182 GLACIER LILY ST $748,000.00 4 3 2799 DETACHD
1454 GLENMORRIE DR $849,900.00 4 2.1 3372 DETACHD
16672 FIR LN $1,238,000.00 4 4.1 4179 DETACHD
16793 GRAEF CIR $2,250,000.00 4 3.1 4680 DETACHD

PENDING SALES (Jan 2-8, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
3433 MCNARY PKWY #703 $194,500.00 2 2 1008 CONDO 3
4000 CARMAN DR #32 $235,000.00 2 2 1083 CONDO 6
1 SAINT HELENS CIR $424,900.00 3 2.1 1422 DETACHD 74
4396 GALEWOOD ST $450,000.00 3 2.1 1672 DETACHD 0
15939 TWIN FIR RD $649,000.00 3 2 2480 DETACHD 66
3838 RIVERS EDGE DR $692,000.00 3 2.1 2849 DETACHD 28
17517 OAK MEADOW LN $709,000.00 4 2.1 2952 DETACHD 60
5124 WOODCREST LN $739,000.00 4 2.1 2923 DETACHD 2
1340 COUNTRY COMMONS $1,089,900.00 4 3 3359 DETACHD 20

SOLD (Jan 2-8, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #7 $114,900.00 $110,000.00 1 1 617 CONDO 6
12848 BOONES FERRY RD $335,000.00 $335,000.00 2 2.1 1182 CONDO 0
47 ORIOLE LN $420,000.00 $430,000.00 3 3 1958 DETACHD 2
15 MASARYK ST $548,000.00 $430,650.00 4 3 3864 DETACHD 247
4739 REMBRANDT LN $485,000.00 $465,000.00 3 2.1 1954 DETACHD 22
7 CONDOLEA DR $449,900.00 $467,000.00 3 3 2388 CONDO 4
17766 ARBOR LN $509,900.00 $468,000.00 3 2 1561 DETACHD 118
2520 SOUTHSHORE BLVD $449,900.00 $490,000.00 3 2.1 2016 DETACHD 24
4697 OAKRIDGE RD $490,000.00 $490,000.00 3 2.1 1738 ATTACHD 7
672 1st ST $659,000.00 $650,000.00 2 2.1 1986 CONDO
13050 FIELDING RD $2,100,000.00 $1,765,000.00 4 5 4777 DETACHD 258
920 WESTPOINT RD $4,025,000.00 $4,025,000.00 4 4.1 6337 DETACHD 1
3232 LAKEVIEW BLVD $5,450,000.00 $4,641,000.00 4 4.1 7925 DETACHD 280

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 Dec 19-25, 2016

As you can imagine, we are in the midst of the slow market for real estate, and yet I find it interesting that the activity remains consistent with last week’s numbers being very similar to the week prior. I suspect this week will be similar as well. Then we will see the build up begin with inventory building and buyer’s buying. The first couple of weeks of January are likely to still be a bit slower as everyone gets back to their routines, but by mid January, and certainly by February, it will really take off. This is a good time to buy a home for two reasons: less competition so less likelihood of bidding wars, and low interest rates.

Last week in Lake Oswego we had 4 new listings, 11 properties go to pending status, and 12 closed sales.

Following is the breakdown for you according to RMLS:

New on the Market(Dec 19-25, 2016)

Address Type Price BR Baths Sq Ft
4 Touchstone #87 Condo $175,000 2 2 984
37 Touchstone Detached $445,000 4 3 2573
2155 Ridgewood Rd Detached $799,000 4 3 3454
505 Iron Mountain Blvd Detached $1,595,000 5 4 3015

Pending Sales (Dec 19-25, 2016)

Address Type Price BR Baths Sq Ft CDOM
1368 Boca Ratan Dr Attached $325,000 3 2 1611 60
4724 Firwood Rd Detached $405,000 3 1.5 1240 4
5717 Bonita Rd Detached $459,000 5 2 2572 176
4739 Rembrandt Ln Detached $485,000 3 2.5 1954 22
655 2nd St Attached $499,000 2 2 1457 32
1225 Cornell St Detached $514,999 3 2 1395 7
4920 Centerwood St Detached $557,500 3 2.5 2072 175
17920 Meadowlark Ln Detached $675,000 4 2.5 2716 33
429 6th St Detached $1,049,000 4 2.5 3205 48
1976 Highlands Loop Detached $1,795,000 4 3.5 4597 460
15508 Diamond Head Rd Detached $2,850,000 3 4 3900 185

Sold/Closed (Dec 19-25, 2016)

Address Type List Price Sold Price Sq Ft CDOM
131 Oswego Summit Condo $200,000 $190,000 1212 57
94 Greenridge Ct Attached $364,900 $364,900 1,752 57
17311 Mandi Ln Detached $379,000 $379,000 1,935 115
580 2nd St Attached $459,000 $452,000 1464 72
14798 Davis Ln Attached $479,900 $460,000 1698 61
550 2nd St Condo $500,000 $482,000 1540 13
1709 Meadows Dr Detached $497,000 $505,000 2288 15
1501 Woodland Terr Detached $649,900 $649,900 3,992 30
17700 Leafy Ln Detached $779,500 $750,000 3666 76
15501 Diamond Head Rd Detached $995,000 $930,000 2353 187
1666 Lake Front Rd Detached $1,279,000 $1,225,000 3183 27
1415 Skyland Dr Detached $1,450,000 $1,250,000 3859 0

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

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Market Activity ~ Dec 12-18, 2016

tree-2015We hope your Christmas, Hanukkah and Holidays are  wondrous time with your Loved ones this year.  As we draw to a close, Dianne, Whitney and I are spending time with ours as well, and thinking of all the Blessings of 2016. Our Property Blotter readers and clients rank high on that list! Thank you so much for reading, and for your loyalty, trust and confidence.  We are here to support you.

During the holidays, we all slow down a bit (or speed up if you’re the one in charge of decorating and making the holidays happen ; ) and our lives take on a different texture.  We revel in this and welcome the longer days as we march headlong into the rest of our winter and a new year.

People are changing their lives through Buying and Selling homes even as the holidays take over so much of our attention. Families are growing, jobs and locations change; all kinds of Life Events cause people to embark on this Grande Adventure! The week of Dec 12-18, saw 8 New properties enter the market in Lake Oswego, 7 move to Pending status, and 13 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Dec 12-18, 2016)

Address List Price # Beds # Baths Total SF Prop Type
4351 WOODSIDE CIR $385,500 3 2 1532 CONDO
1225 CORNELL ST $514,999 3 2 1395 DETACHD
19477 SW 35th CT $685,000 3 2 3276 DETACHD
36 MORNINGVIEW CIR $694,900 4 3.1 2953 DETACHD
1340 COUNTRY COMMONS $1,089,900 4 3 3359 DETACHD
2757 GLEN HAVEN RD $1,590,000 4 3.1 4604 DETACHD
3458 LAKEVIEW BLVD $3,395,000 4 4.1 4647 DETACHD
15530 DIAMOND HEAD RD $4,998,000 5 4 6298 DETACHD

PENDING SALES (Dec 12-18, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
169 OSWEGO SMT #169 $198,000 2 2 1383 CONDO 242
4697 OAKRIDGE RD $490,000 3 2.1 1738 ATTACHD 7
5538 ROYAL OAKS DR $525,000 3 2 1899 DETACHD 15
16 CHURCHILL DOWNS $565,000 3 2.1 2056 DETACHD 9
64 TOUCHSTONE $575,000 4 2.1 3494 DETACHD 49
1350 RIDGECREST DR $799,000 4 3.1 3534 DETACHD 163
4323 SUNSET DR $1,389,900 4 3.1 3930 DETACHD 3

SOLD (Dec 12-18, 2016)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
4450 THUNDER VISTA LN $298,000 $301,000 2 2.1 2040 ATTACHD 5
18307 LONGFELLOW AVE $433,000 $433,000 3 2 1457 DETACHD 45
4208 HARVEY WAY $475,000 $492,500 4 2 2132 DETACHD 3
4583 TRILLIUM WOODS $599,000 $590,000 3 2.1 2004 ATTACHD 49
1264 ROCKINGHORSE LN $599,000 $593,000 4 2.1 2293 DETACHD 22
17533 ERIN CT $629,000 $622,000 3 2.1 3039 DETACHD 72
17771 MARYLCREEK DR $765,000 $692,500 4 3.1 4398 DETACHD 123
545 EVERGREEN RD $829,900 $789,900 3 3.1 2182 DETACHD 50
17867 SUNDOWN CT $849,900 $820,000 3 3.1 2765 DETACHD 35
15985 BONAIRE AVE $835,000 $863,928 3 2.1 2910 DETACHD 0
1601 PINE ST $944,900 $889,900 4 3.1 3711 DETACHD 83
13372 FIELDING RD $1,000,000 $1,000,000 4 4.1 3556 DETACHD 119
4390 LORDS LN $1,295,000 $1,295,000 4 3.1 3693 DETACHD 5

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 Nov 24-Dec 4, 2016

We are in our first official “winter storm watch” for the season. As someone who has lived here for awhile, I can tell you that it is pretty normal for a lot to be made of winter weather events that turn out to be not much for than frost on the lawn in the morning. Having said that, we can hope, right? Perhaps we will get an inch or two of snow this week. If we do, it won’t last more than a day or two. And even in these conditions, in the middle of the holiday season, houses still get bought and sold. Last week in Lake Oswego we had 5 new listings, 12 houses enter into contracts as pending sales, and 14 sold/closed properties.

Following is the breakdown for you according to RMLS:

New on the Market (Nov 28-Dec 4, 2016)

Address Type Price BR Baths Sq Ft
4739 Rembrandt Ln Detached $485,000 3 2.5 1954
5538 Royal Oaks Dr Detached $525,000 3 2 1899
4978 Suntree Ln Detached $535,000 3 2.5 2348
18020 Gimley Ct Detached $850,000 3 2.5 3420
1527 Lake Front Rd Detached $6,985,000 5 6.5 7220

Pending Sales (Nov 28-Dec 4, 2016)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #7 Condo $114,900 1 1 617 6
18861 Indian Springs Circle Detached $419,000 3 2 1567 31
47 Oriole Ln Detached $420,000 3 3 1958 2
2520 Southshore Blvd Detached $449,900 3 2.5 2016 24
19235 Redwing Ct Detached $549,900 4 2 2084 130
1669 Oak St Detached $559,000 5 2.5 2649 48
50 Hillshire Dr Detached $645,000 5 2.5 3188 12
672 1st St Condo $659,000 2 2.5 1986 92
17771 Marylcreek Dr Detached $730,000 4 3.5 4398 123
4620 Dogwood Dr Detached $888,500 4 2.5 3613 102
16827 Scott Ct Detached $1,000,000 4 0.35 4179 140
16 Dover Way Detached $1,595,000 5 5.5 8147 219

Sold/Closed (Nov 28-Dec 4, 2016)

Address Type List Price Sold Price Sq Ft CDOM
4 Touchstone #109 Condo $163,000 $155,000 989 264
3433 McNary Pkwy #203 Condo $149,900 $160,000 1,008 4
48 Eagle Crest Dr Condo $265,000 $265,000 1,443 64
1033 Hallinan St Detached $309,900 $298,000 1128 159
1875 Fernwood Dr Detached $349,900 $375,000 1102 11
15450 Kimball Ct Detached $475,000 $442,500 1544 26
1935 Fernwood Dr Detached $515,000 $455,000 2100 106
18250 Indian Creek Dr Detached $469,900 $469,900 1,581 3
4191 Southshore Blvd Detached $455,000 $477,824 1361 12
350 6th St Detached $589,900 $530,000 2304 36
37 Hillshire Dr Detached $619,000 $605,000 2809 52
490 Iron Mountain Blvd Detached $699,900 $700,000 2246 2
14867 Twin Fir Ct Detached $699,900 $730,000 3641 63
16060 White Oaks Dr Detached $825,000 $770,500 3420 135

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.