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   

 

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.

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.

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.

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

 

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.

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   

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.

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.

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.