Category: Market Activity

Real Estate Market Statistics for Lake Oswego, Oregon

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Market Activity April 18-24, 2016

Looking at how busy the real estate market is right now, I feel blessed for good health and stamina. Whew! What a busy time of year. Our market historically peaks in May and June. So this busy season is just beginning. We are continuing to see a demand that is greater than the supply. Last week in Lake Oswego there were 18 new listings, 33 that went into pending status, and 20 closed sales.

Following is the breakdown for you according to RMLS:

New on Market (Apr 18-24, 2016)

Address Type Price BR Baths Sq Ft
86 Kingsgate Rd C201 Condo $149,900 2 2 938
154 Ridgeway Rd Condo $275,000 3` 1.5 1791
4422 Thunder Vista Ln Condo $288,500 2 2.5 2040
5 Summit Ridge Ct Attached $379,900 2 2.5 1576
5835 Carman Dr Detached $430,000 3 2.5 1650
668 McVey Ave #52 Condo $450,000 3 1.5 992
17927 Belmore Ave Detached $475,000 3 1.5 1488
16809 Cornell St Detached $549,000 3 3.5 2464
4954 Mulholland Dr Attached $589,900 3 2.5 2498
19 Falstaff St Detached $599,000 4 2.5 3207
16064 Waluga Dr Detached $619,900 7 3 2552
5950 Southwood Dr Detached $775,000 3 2.5 2731
737 Country Club Rd Detached $799,900 3 2.5 3242
2247 Sequoia Ct Detached $925,000 3 2.5 3493
588 9th St Detached $1,200,000 3 3.5 3536
3914 Edens Edge Dr Detached $1,425,000 5 5.5+.5 6635
3177 Douglas Circle Detached $1,450,000 5 3.5 4732
4100 Canal Rd Detached $1,499,000 4 3.5 4957
448 Country Club Rd Detached $1,595,000 4 3.5 4873
13750 Knaus Rd Detached $1,695,000 5 4 4773

Pending Sales (Apr 18-24, 2016)

Address Type Price BR Baths Sq Ft CDOM
86 Kingsgate Rd 202A Condo $145,000 2 2 849 14
57 Oswego Summit Condo $164,900 1 1 764 2
4000 Carman Dr #80 Condo $179,900 2 2 1100 3
668 McVey Ave #42 Condo $252,500 2 1 836 120
16250 Pacific Hwy #46 Condo $265,000 2 2 1305 14
210 State St #8 Condo $340,000 2 2.5 1614 57
1400 Parrish St Condo $349,900 3 2.5 1880 60
5998 Shakespeare St Detached $362,900 3 2 1743 13
18630 Kristi Way Detached $399,900 3 2 1743 2
668 McVey Ave #30 Condo $445,000 3 1.5 992 2
826 Cornell St Detached $447,500 2 1 1184 14
5266 Charleton Ct Detached $479,000 3 2 2063 10
16969 Alder Circle Detached $529,000 3 2 1534 61
14450 Hilly Springs Rd Condo $550,000 5 3 2238 19
13852 Shireva Dr Detached $550,000 5 3 2664 74
4623 Hastings Pl Detached $569,900 4 2.5 2151 0
313 3rd St Attached $639,900 3 3.5 19622 11
2 Walking Woods Dr Detached $643,900 4 3 4116 26
3560 Tempest Dr Detached $675,000 4 2.5 2847 5
6 Tanglewood Dr Detached $690,000 3 3.5 3108 6
17018 Summer Pl Detached $699,900 4 2.5 2925 8
4719 Lakeview Blvd Detached $725,000 3 2.5 2923 5
19330 River Run Dr Detached $799,000 4 4 3786 52
884 Cedar St Detached $995,000 4 3.5 3120 57
1224 Tyndall Ct Detached $1,039,000 4 3.5 4157 1
18260 River Edge Ct Detached $1,049,000 4 3.5 4711 56
630 8th St Detached $1,095,000 4 2.5 2832 5
642 Iron Mountain Blvd Detached $1,095,000 3 2.5+.5 4575 369
950 Schukart Ln Detached $1,098,000 4 2.5 3530 29
844 5th St Detached $1,100,000 3 3 2590 19
14365 Fosberg Rd Detached $1,150,000 5 3.5 53343 63
3140 Childs Rd Detached $1,850,000 5 6.5 6692 35
13237 Knaus Rd Detached $1,995,000 4 4.5 4900 44

Sold/Closed(Apr 18-24, 2016)

Address Type List Price Sold Price Sq Ft CDOM
86 Kingsgate Rd H-104 Condo $124,900 $139,000 840 7
50 Oswego Summit Condo $155,000 $175,000 752 1
213 Cervantes Condo $220,000 $220,000 1,216 1
191 Oswego Summit Condo $269,000 $258,000 1506 5
162 4th St Detached $560,000 $554,000 1948 0
808 Ellis Ave Detached $599,000 $635,000 2108 2
17183 Carlson Ct Detached $665,000 $665,000 3366 15
411 Ridgeway Rd Detached $695,000 $676,880 3094 5
6413 McDuff Ct Detached $699,900 $694,500 3091 94
13679 Melrose Pl Detached $699,000 $700,000 4752 0
17743 Marylcreek Dr Detached $780,000 $738,000 3288 52
18217 Delenka Ln Detached $769,900 $742,000 4166 61
480 Iron Mountain Blvd Detached $775,000 $794,250 3067 4
19229 35th Pl Detached $899,500 $900,000 4764 347
408 Northshore Rd Detached $929,900 $940,000 3753 70
17442 Ridgeview Ln Detached $1,295,000 $1,200,000 5036 228
19342 Lorna Ln Detached $1,298,000 $1,285,000 4114 85
1164 Crestline Ct Detached $1,469,000 $1,392,938 6800 58
12838 Alto Park Rd Detached $1,439,000 $1,437,500 4475 145
915 Atwater Rd Detached $1,895,000 $1,72,500 4102 57

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 March 28-April 3, 2016

OK, it’s official, we are in the full throws of the spring market and the market is HOT! Last week Lake Oswego saw 20 new listings, 31 houses accept offers and go into pending status (13 of those in less than 10 days), and 18 sold/closed transactions. If a house is in desirable condition and priced right, it is selling FAST!

Following is the breakdown for you according to RMLS:

New on the Market (Mar 28-April 3, 2016)

Address Type Price BR Baths Sq Ft
167 Oswego Summit Condo $180,000 2 2 1506
3922 Carman Dr Condo $234,900 2 2.5 1137
3932 Carman Dr Condo $234,900 2 2.5 1133
16748 Lake Forest Blvd Detached $325,000 3 1 1076
17 Britten Ct Attached $359,900 3 2.5 1972
90 Greenridge Ct Attached $368,000 3 2.5 1980
20 Summit Ridge Ct Attached $389,000 2 2.5 1704
5434 Willow Ct Attached $495,000 3 2.5 2423
4 Morningview Pl Attached $499,000 2 2.5 1880
1731 Woodland Terrace Detached $534,900 4 2.5 2714
14450 Holly Springs Rd Detached $575,000 5 3 2238
19505 Olson Ave Detached $748,950 5 2.5 2916
4137 Orchard Way Detached $775,000 5 2.5 3681
844 5th St Detached $1,100,000 3 3 2590
4069 Pfeifer Ct Detached $1,125,000 5 3.5 4332
784 3rd St Detached $1,299,000 5 5 4138
2120 Glenmorrie Dr Detached $1,395,000 4 3.5 4383
7 Garibaldi St Detached $1,400,000 4 3.5 6303
5405 Childs Rd Detached $2,095,000 5 4.5 5702
1210 Chandler Rd Detached $2,799,000 6 6.5+.5 7668

Pending Sales (Mar 28-April 3, 2016)

Address Type Price BR Baths Sq Ft CDOM
96 Galen St Condo $129,000 1 1 550 15
50 Oswego Summit Condo $155,000 1 1 752 1
4 Touchstone Condo $159,900 2 2 984 2
77 Galen Rd Condo $164,900 2 2 993 15
48 Eagle Crest Dr 1C Condo $239,000 2 2 1399 1
191 Oswego Summit Condo $269,000 2 2 1506 5
1225 Cornell St Detached $349,000 3 2 1394 62
5215 Madrona St Detached $389,000 3 2 1305 6
2 Eagle Crest Dr Detached $395,000 3 2 1830 5
1820 Southshore Blvd Detached $450,000 3 2.5 2373 0
1244 Hallinan Circle Detached $465,000 4 3 2485 50
4101 Chapman Way Detached $465,000 3 2.5 1864 142
5674 La Mesa Ct Detached $548,950 3 2 1802 24
5311 Childs Rd Detached $559,000 4 2.5 1766 11
17510 Cardinal Dr Detached $578,500 4 3 2550 36
5124 Lakeview Blvd Detached $579,000 4 3 2932 153
4779 Heritage Ln Detached $585,000 3 2 2121 2
3100 Wembly Park Rd Detached $625,000 3 3 3060 332
2 Walking Woods Detached $649,900 4 3 4116 2
41 Touchstone Detached $675,000 4 3 3092 2
0 Carman Dr Detached $699,000 3 2.5 2751 213
17343 Brookhurst Dr Detached $749,000 4 2.5 3443 11
5632 Grand Oaks Dr Detached $765,000 4 2.5 2898 3
5959 Suncreek Dr Detached $789,960 4 2.5 3315 2
12870 Elk Rock Rd Detached $795,000 4 3 2742 223
4018 Canal Woods Ct Detached $799,900 4 3.5 3600 177
2479 Marylview Ct Detached $810,000 4 3.5 3832 28
1100 Troon Rd Detached $1,200,000 4 2.5+.5 2943 5
2445 Glenmorrie Dr Detached $1,295,000 5 5 5106 196
13050 Knaus Rd Detached $1,699,000 4 3.5 4821 56
13237 Knaus Rd Detached $1,995,000 4 4.5 4900 23

Sold/Closed (Mar 28-April 3, 2016)

Address Type List Price Sold Price Sq Ft CDOM
69 Galen Rd Condo $164,900 $164,900 923 4
5056 Foothills Dr C Condo $273,500 $275,000 1,252 10
6155 McEwan Rd Detached $320,000 $288,000 1,294 108
4305 Silver Ct Attached $339,000 $339,000 1721 7
5365 Greystoke Dr Detached $414,900 $375,000 1541 167
13680 Shireva Dr Detached $459,000 $448,900 1504 120
7 Falstaff St Detached $519,900 $512,500 2740 140
6080 Summer Woods Detached $519,900 $517,450 2326 4
741 Briercliff Ln Detached $519,000 $525,000 2765 39
2 Creekside Terrace Detached $549,900 $540,000 2906 44
17730 Marylbrook Dr Detached $589,900 $570,500 2951 104
5004 Woodcrest Ln Detached $649,900 $650,000 2522 6
5937 Bay Point Dr Detached $789,999 $701,000 3402 143
13613 Provincial Hill Way Detached $1,095,000 $995,000 4327 213
556 7th St Detached $1,219,000 $1,198,000 3911 161
13900 Goodall Rd Detached $1,429,000 $1,350,000 4212 28
1901 Palisades Terrace Detached $3,945,000 $3,400,000 7284 270
3142 Lakeview Blvd Detached $4,350,000 $3,980,000 5554 298

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 ~ February 2016

I’m tellin ya… This market is hot! And there are some great homes out there.

Here are the latest/February numbers for the entire Portland area:

According to the RMLS Market Action Report for the Portland Metro Area, February, 2016:

  • There were 2,896 New Listings in February which was up 15% from January (2,519), and rose over February of 2015 (2,884) slightly, by 0.4%.
  • At 1,813, February Closed Sales fell 2.5% from January’s 1,859, and/but were up 10% from February of 2015’s 1,648.
  • February Pending Sales (Accepted Offers), at 2,786 were up 24.2% from January’s 2,243, and were 9.9% ahead of February of 2015’s 2,534 total.   ***This was the strongest February for Accepted Offers since 2007!
  • The Average Sale Price in February of $364,900 was up significantly from January’s $355,500, and also up almost $37,000 from February of 2015’s $328,000. (!!!)

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The combined areas of Lake Oswego and West Linn  (RMLS lumps them together) for the month of February 2016 reported:

    •  260 Active Listings  (Jan was 243)
    •  185 New Listings   (Jan was 150 )
    •  147 Pending Sales    (Jan was 120)
    •  99 Closed Sales   (Jan was 81)
    • Average Sale Price for February: $577,500 (Jan/$498,000. )
      • 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: 92 Days (Dec was 78)
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Market Activity ~ March 21-27, 2016

We saw 15 New properties enter the Lake Oswego market, 15 move to Pending status, and 11 “Closed”/Sold.

***Notice that most of the Pendings and half of the Sold’s were on the market for just 3-7 days.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Mar 21-27, 2016)

Address List Price # Beds # Baths Total SF Prop Type
47 EAGLE CREST DR #11 $159,900 2 1 932 CONDO
16250 PACIFIC HWY #74 $274,800 2 2 1324 CONDO
4131 OLD GATE RD $369,950 4 2 1776 DETACHD
5215 MADRONA ST $389,000 3 2 1305 DETACHD
2 EAGLE CREST DR $395,000 3 2 1830 DETACHD
5153 JEAN RD $524,900 8 3 2400 DETACHD
15 MASARYK ST $548,000 4 3 3864 DETACHD
937 OAK ST $595,000 3 3 3080 DETACHD
5632 GRAND OAKS DR $765,000 4 2.1 2898 DETACHD
4121 Childs RD $815,000 4 3.1 3352 DETACHD
4745 LAMONT WAY $975,000 4 3 3192 DETACHD
950 SCHUKART LN $1,098,000 4 2.1 3530 DETACHD
13079 AMBER PL $1,188,000 5 3 3200 DETACHD
3555 LAKE GROVE AVE $1,199,000 4 2.1 3324 DETACHD
1961 Cheryl CT $1,375,000 5 4.1 5124 DETACHD

PENDING SALES (Mar 21-27, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY #72 $249,000 2 2 1305 CONDO 5
5100 UPPER DR $334,900 1 1 956 DETACHD 83
6343 HIAWATHA CT $375,000 3 1 1056 DETACHD 3
3365 UPPER DR $399,900 2 2 1378 DETACHD 4
18922 KRISTI WAY $415,000 2 2 1397 DETACHD 4
16773 ALDER CIR $485,000 4 2 2590 DETACHD 3
4573 OAKRIDGE RD $489,000 3 2.1 1835 ATTACHD 3
2757 GLEN HAVEN RD $519,000 3 2 2420 DETACHD 20
4 CAMELOT CT $640,000 5 3 3344 DETACHD 5
13963 WESTCOTT CT $649,000 4 2.1 2984 DETACHD 7
17743 MARYLCREEK DR $760,000 4 2.1 3288 DETACHD 52
14626 UPLANDS DR $934,900 4 3 2951 DETACHD 4
4367 HAVEN ST $1,070,000 5 3.1 3617 DETACHD 7
531 7TH ST $1,099,000 3 2.1 2818 DETACHD 135
4018 COHO LN $1,199,000 4 4.1 5128 DETACHD 47

SOLD (Mar 21-27, 2016)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
48 EAGLE CREST DR #2D $185,000 $165,000 3 2 1623 CONDO 125
238 RIDGEWAY RD #16C $210,000 $220,000 2 1 914 CONDO 2
1755 KILKENNY RD $280,000 $303,000 3 1 1742 DETACHD 146
69 CONDOLEA TER $379,000 $385,000 2 2.1 2157 CONDO 3
16309 LAKE FOREST BLVD $369,900 $386,000 3 2 1608 DETACHD 120
5402 CARMAN DR $400,000 $400,000 3 1 1699 DETACHD 214
1273 ROCKINGHORSE LN $575,000 $530,000 3 2.1 2192 DETACHD 154
1430 LARCH ST $529,000 $532,000 3 3 2279 DETACHD 48
40 DA VINCI ST $535,000 $550,000 4 2.1 2476 DETACHD 3
2979 RIVENDELL RD $689,900 $680,862 4 2.1 2729 DETACHD 3
17 EL GRECO ST $694,900 $681,250 5 2.1 3060 DETACHD 3

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 March 7-13, 2016

It’s been another great week of the spring market ramping up. Lots of houses are coming onto the market and lots are selling. Last week in Lake Oswego we saw 21 new listings, 21 going into pending status, and 16 closed sales. With spring break happening next week this trend will only continue. By my memory the new listings will peak in June at about 35 new listings per week.
Following is the breakdown for you according to RMLS:

New on the Market (March 7-13, 2016)

Address Type Price BR Baths Sq Ft
86 Kingsgate Rd H 104 Condo $124,900 2 2 840
73 Oswego Summit Condo $179,900 2 2 1212
44 Eagle Crest Dr #28 Condo $199,000 3 2 1085
5995 Shakespeare St Detached $349,500 3 1.5 2590
2500 Greentree Rd Detached $399,900 3 2 1502
1304 Laurel ST Detached $417,500 3 2 1540
1531 Woodland Terrace Detached $448,000 3 2.5 1986
4720 Lower Dr Detached $535,000 4 2 2404
5674 La Mesa Ct Detached $548,950 3 2 1802
6 Becket St Detached $560,000 3 2.5 2843
411 Ridgeway Rd Detached $695,000 3 2.5 3094
877 Cornell St Detached $698,500 3 3 3041
14540 Uplands Dr Detached $750,000 3 2.5 2704
18153 Westminster Dr Detached $789,900 4 2.5 3590
1471 Woodland Terrace Detached $819,000 5 4.5 5362
568 Weidman Ct Detached $819,000 4 3.5 3702
18982 Bryant Rd Detached $865,000 4 3.5 3463
19460 Eastside Rd Detached $981,750 5 4.5 4521
429 6th ST Detached $1,049,000 4 2.5 3205
2543 Palisades Crest Dr Detached $1,150,000 3 2.5+.5 4141
13237 Knaus Rd Detached $1,995,000 4 4.5 4900

Pending Sales (March 7-13, 2016)

Address Type Price BR Baths Sq Ft CDOM
205 Oswego Summit Condo $162,900 2 2 1383 20
69 Galen Rd Condo $164,900 2 1 923 4
4000 Carman Dr #88 Condo $169,000 2 2 836 4
6210 Childs Rd Detached $400,000 3 1.5 1296 209
1680 Pine St Detached $419,000 3 3 2472 5
4251 Woodside Circle Attached $419,000 3 2 2068 18
14352 Sherbrook Pl Detached $439,900 3 2.5 1806 96
1899 Country Club Rd Detached $449,500 4 2 1612 1
135 Del Prado St Detached $520,000 4 2.5 2444 0
51 Tanglewood Dr Detached $550,000 4 2.5 2351 3
2500 Park Rd Detached $569,000 3 2.5 1811 3
808 Ellis Ave Detached $599,000 3 2.5 2108 2
5887 Lower Dr Detached $699,000 3 2.5 2526 61
3620 Wren St Detached $700,000 4 3.5 2845 5
1317 Laurel ST Detached $725,000 3 2.5 2259 81
5876 Ridgetop Ct Detached $819,000 4 2.5 3280 6
17193 Lowerberg Terrace Detached $889,900 4 2.5 2973 6
18945 Bryant Rd Detached $987,000 5 3 4755 133
17540 Ridgeview Ln Detached $1,195,000 4 3.5 4345 33
556 7th ST Detached $1,219,000 5 3.5 3911 161
17442 Ridgeview Ln Detached $1,275,000 4 3.5+.5 5036 228
1164 Crestline Ct Detached $1,469,000 5 5.5 6800 58
13056 Knaus Rd Detached $1,688,000 4 3.5 5244 1

Sold/Closed (March 7-13, 2016)

Address Type List Price Sold Price Sq Ft CDOM
104 Oswego Summit Condo $165,000 $145,000 800 25
67 Oswego Summit Condo $184,900 $180,000 1,212 88
14850 Twin Fir Rd Detached $439,000 $439,900 2,018 2
6286 Harrington Ave Detached $474,950 $450,000 3219 249
1140 Hallinan Detached $479,950 $464,000 1744 55
149 Middlecrest Rd Detached $599,000 $475,000 2302 256
15585 Partridge Dr Detached $620,000 $507,000 2604 182
17568 Erin Ct Detached $619,900 $615,000 3008 10
17927 Ridge Lake Dr Detached $649,000 $621,500 2544 142
547 2nd ST Condo $625,000 $625,000 1529 54
15837 Allison Pl Detached $679,000 $635,000 3534 125
1992 Palisades Terrace Dr Detached $849,900 $825,000 4140 25
5355 Rosalia Way Detached $925,000 $915,000 3764 1
2371 Palisades Crest Dr Detached $1,198,000 $1,185,000 4270 11
18016 Skyland Circle Detached $1,790,000 $1,650,000 6304 240
13599 Knaus Rd Detached $2,148,000 $1,953,000 6874 1013

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 29- Mar 6, 2016

A wide spectrum of New Listings hit the market last week. We saw 19 New properties, 17 move to Pending status, and 12 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Feb 29-Mar 6, 2016)

Address List Price # Beds # Baths Total SF Prop Type
4000 CARMAN DR #88 $169,000 2 2 836 CONDO
200 BURNHAM RD #102 $199,900 1 1 733 CONDO
1680 PINE ST $419,000 3 3 2472 DETACHD
2757 GLEN HAVEN RD $519,000 4 2 2420 DETACHD
5850 BONITA RD $527,500 3 2 1272 DETACHD
2500 PARK RD $569,000 3 2.1 1811 DETACHD
5887 SW LANGFORD LN $629,950 4 2.1 2724 DETACHD
16652 WOODSMAN CT $779,000 3 2.1 3196 DETACHD
19330 RIVER RUN DR $799,000 4 4 3786 DETACHD
5876 RIDGETOP CT $819,000 4 2.1 3280 DETACHD
2479 MARYLVIEW CT $829,000 4 3.1 3832 DETACHD
621 COUNTRY CLUB RD $875,000 4 2.1 3385 DETACHD
17193 LOWENBERG TER $889,900 4 2.1 2973 DETACHD
1269 LAKE GARDEN CT $899,000 4 2.1 2056 DETACHD
2809 ARROWHEAD CT $1,560,000 3 3 2624 DETACHD
1099 TERRACE DR $2,150,000 5 4.1 4965 DETACHD
16852 ALDER CIR $2,185,000 4 3.1 3192 DETACHD

PENDING SALES (Feb 29-Mar 6, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
69 CONDOLEA TER Grnd $379,000 2 2.1 2157 CONDO 3
4725 JEAN RD $385,000 4 2 1433 DETACHD 65
125 MIDDLECREST RD $399,900 3 1 800 DETACHD 23
4851 MADRONA ST $449,900 4 2 1500 DETACHD 6
142 DEL PRADO ST $475,000 4 3 1950 DETACHD 38
14584 RAINBOW DR $545,000 4 3 2570 DETACHD 12
4782 AUBURN LN $569,000 3 3.1 2650 ATTACHD 2
5 WESTMINSTER DR $579,000 5 3 3104 DETACHD 14
16636 MAPLE CIR $600,000 4 2 2030 DETACHD 1
12844 SIERRA VISTA DR $610,000 4 2.1 2501 DETACHD 2
29 SPINOSA $625,000 3 2.2 3262 DETACHD 4
4208 ALBERT CIR $649,900 5 3 2777 DETACHD 18
17183 CARLSON CT $665,000 4 3.1 3366 DETACHD 15
4657 DOGWOOD DR $889,000 4 4 3890 DETACHD 19
18711 WESTVIEW DR $995,000 4 3.1 3591 DETACHD 23
822 6TH ST $1,099,900 3 3 2748 DETACHD 194
1355 Country Commons $1,995,000 4 3.1 4238 DETACHD 198

SOLD (Feb 29-Mar 6, 2016)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
4333 WOODSIDE CIR $349,000 $349,000 3 2 1532 ATTACHD 69
6 THE GROTTO $375,000 $375,000 3 2 1381 DETACHD 14
16060 PEARCY ST $538,000 $538,000 3 3.1 2101 DETACHD 4
17765 TREETOP LN $598,000 $570,000 4 3 3046 DETACHD 42
16510 Maple CIR $590,000 $570,000 5 3 2808 DETACHD 4
19285 MEGLY CT $674,900 $645,000 5 3 3275 DETACHD 46
104 GARIBALDI ST $799,000 $671,880 3 2.1 3074 DETACHD 272
16987 Alder CIR $839,000 $720,000 3 2.1 1989 DETACHD 266
5371 SOUTHWOOD DR $724,900 $735,000 3 3 2751 DETACHD 9
17446 BRYANT RD $925,000 $925,000 4 4 3506 DETACHD 13
4150 UPPER DR $1,050,000 $1,050,000 4 3.1 3465 DETACHD 1
15825 OSWEGO SHORE CT $1,999,900 $1,875,000 3 3.1 4317 DETACHD 146

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 Report Feb 22nd – 28th, 2016

Hello everybody! Gosh hasn’t the weather been crazy? It is raining cats and dogs one moment and then it is nice and sunny. Did anybody have any trees that where blown down yesterday?

So this last week in the market we saw about 12 new properties on the market. My mother and I saw a few during broker’s tour and I can tell you right now that this is a good week for beautiful and unique houses!
22 houses have gone pending, best of luck on quick closes for our potential new neighbors!
13 homes have closed, welcome to Lake Oswego you guys!

Following is the breakdown for you according to RMLS:

New on the Market (Feb 22-28, 2016)

Address Type Price Bedrooms Bathrooms Sqft
3916 CARMAN DR CONDO 239,900 2 21.5 1098
750 1ST ST #35 CONDO 265,000 2 2 1350
1225 CORNELL ST DETACHED 249,900 3 2 1394
210 STATE ST #8 CONDO 354,500 2 2.5 1614
1402 PARRISH ST CONDO 379,000 3 2.5 1862
4851 MADRONA ST DETACHED 449,900 4 2 1500
5829 BENFIELD CT DETACHED 489,000 4 2.5 1744
3312 SABTINA CT DETACHED 549,900 3 2 1600
5 CELLINI CT DETACHED 849,000 5 3.5 4895
336 5TH ST DETACHED 875,000 3 2.5 2018
348 5TH ST DETACHED 875,000 3 2.5 2019
149 FURNACE ST #25 DETACHED 1,788,888 3 3.5 4784

Pending Sales (Feb 22-28, 2016)

Address Type Price Bedroom Bathrooms DOM
84 OSWEGO SMT #84 CONDO 119,000 1 1 12
104 OSWEGO SMT #104 CONDO 140,000 1 1 25
282 CERVANTES CONDO 219,900 2 2 8
5056 FOOTHILLS DR C CONDO 273,500 2 2 10
18567 DON LEE WAY DETACHED 320,000 3 1 26
82 KINGSGATE RD DETACHED 349,500 3 2.5 4
11 SUMMIT RIDGE CT ATTACHED 349,900 2 2.5 42
5363 GREYSTOKE DR DETACHED 414,900 3 2 167
17311 ASHLEY CT ATTACHED 465,000 4 2.5 9
4401 OAKRIDGE RD ATTACHED 489,000 2 2.5 5
6080 SUMMER WOODS DETACHED 519,900 4 2.5 4
24 PARTRIDGE LN DETACHED 544,000 4 2.5 266
13852 SHIRVEA DR DETACHED 550,000 5 3 18
17510 CARDINAL DR DETACHED 599,500 4 3 3
919 CUMBERLAND RD DETACHED 605,000 4 3 4
5004 WOODCREST LN DETACHED 649,900 3 2.5 6
4369 SUNDEW CT DETACHED 658,950 4 2.5 209
408 NERTHSHORE RD DETACHED 949,950 4 3.5 70
14365 FOSBERG RD DETACHED 1,150,000 5 3.5 8
14380 UPLANDS DR DETACHED 1,150,000 4 3.5 7
3101 WEMBLY PARK RD DETACHED 1,369,000 4 4 1

Sold/Closed  (Feb 22-28, 2016)

Address Type List Price Close Price Sqft DOM
6213 HARRINGTON AVE DETACHED 339,000 332,000 960 79
18088 BELMORE AVE DETACHED 405,000 393,000 1304 10
5340 CHINOOK CT DETACHED 410,000 401,000 1862 58
1720 YARMOUTH CIR DETACHED 445,000 401,000 1914 73
5329 CHARLETON CT DETACHED 379,900 415,000 1120 8
3759 LANEWOOD ST DETACHED 419,000 430,000 1783 4
16838 FERNWOOD DR DETACHED 550,000 440,000 1942 132
13160 PETERS RD DETACHED 460,000 440,000 1946 11
14221 DOLPH CT DETACHED 598,000 545,000 2081 23
5646 GRAND OAKS DR DETACHED 729,000 714,000 3388 33
4810 LAKEVIEW BLVD DETACHED 839,000 814,000 3511 134
4287 HAVEN ST DETACHED 1,249,950 1,235,000 4007 18
1933 HIGHLANDS LOOP DETACHED 2,750,000 2,525,000 5031 187

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 15-21, 2016

Market activity continues to pick up. Last week in Lake Oswego there were 16 new listings, 25 properties that went into pending status with accepted offers, and 16 closed sales. It continues to be a seller’s market with more homes going pending than coming up for sale. Having said this a property still needs to be in a location and condition that the price supports. 3 of the pendings and 2 of the closed sales still took over 200 days.

Following is the breakdown for you according to RMLS:

New on the Market (Feb 15-21, 2016)

Address Type Price BR Baths Sq Ft
205 Oswego Summit Condo $162,900 2 2 1383
4 Touchstone #109 Condo $163,000 2 2 989
1400 Parrish St Condo $349,900 3 2.5 1880
4251 Woodside Circle Attached $419,000 3 2 2068
14584 Rainbow Dr Detached $545,000 4 3 2570
545 Evergreen Rd Detached $550,000 3 2.5 2182
16969 Alder Circle Detached $569,000 3 2 1534
5 Westminster Dr Detached $579,000 5 3 3104
5004 Woodcrest Ln Detached $649,900 3 2.5 2522
17183 Carlson Ct Detached $665,000 4 3.5 3366
4208 Albert Circle Detached $674,900 5 3 2777
2110 Summit Dr Detached $799,900 4 2 2525
14365 Fosberg Rd Detached $1,150,000 5 3.5 5343
14380 Uplands Dr Detached $1,150,000 4 3.5 2996
17600 Upper Cherry Ln Detached $1,299,000 4 3.5 3900
3232 Lakeview Blvd Detached $5,450,000 4 5 7925

Pending Sales (Feb 15-21, 2016)

Address Type Price BR Baths Sq Ft CDOM
4 Touchstone #110 Condo $165,000 2 2 989 28
47 Greenridge Ct Attached $229,900 2 1.5 1176 51
19416 Tualamere Ave Detached $350,000 3 0.5 1296 6
18440 Donlee Way Detached $385,000 3 1 1223 2
5402 Carman Dr Detached $400,000 3 1 1699 214
14352 Sherbrook Pl Detached $439,900 3 2.5 1806 75
1273 Rockinghorse Ln Detached $549,900 3 2.5 2192 154
14489 Camden Ln Detached $550,000 5 2.5 2816 2
2220 Fernwood Circle Detached $558,950 4 2.5 1882 6
17730 Marylbrook Dr Detached $589,900 3 2.5 2951 104
16510 Maple Circle Detached $590,000 5 3 2808 4
16805 Old River Dr Detached $650,000 3 2 1728 2
104 Garibaldi St Detached $699,000 3 2.5 3074 272
6413 McDuff Ct Detached $699,900 3 2.5 3091 94
5937 Bay Point Dr Detached $729,900 4 2.5 3402 143
4867 Upper Detached $789,900 4 3 2845 141
4255 Chad Dr Detached $899,900 4 3.5 3853 7
183 Furnace St Condo $1,000,000 2 2.5 2126 7
3487 Lake Grove Ave Detached $1,095,000 4 3.5 3473 36
1979 Country Club Rd Detached $1,149,000 5 5.5 4115 4
2371 Palisades Crest Dr Detached $1,198,000 4 3 4270 11
19354 Lorna Ln Detached $1,199,000 4 3.5 4169 184
12838 Alto Park Rd Detached $1,439,000 4 3.5 4475 145
18016 Skyland Circle Detached $1,790,000 4 4.5 6304 240
13599 Knaus Rd Detached $2,148,000 5 7 6874 1013

Sold/Closed  (Feb 15-21, 2016)

Address Type List Price Sold Price Sq Ft CDOM
65 Oswego Summit Condo $154,999 $140,000 1140 79
86 Kingsgate Rd F202 Attached $134,900 $146,000 849 3
44 Eagle Crest Dr #1 Condo $150,000 $156,500 908 3
31 Crestfield Ct Condo $184,500 $184,500 995 2
5800 Sevillle Ave Detached $399,000 $309,500 2113 40
19251 Indian Creek Ave Detached $350,000 $341,000 1550 40
59 Greenridge Ct Attached $369,000 $365,000 2004 19
17273 Bryant Rd Detached $395,900 $380,000 1452 251
6105 Shakespeare St Detached $400,000 $400,000 1550 227
4660 Upper Dr Detached $549,000 $489,000 3100 155
736 Evergreen Rd Detached $549,000 $490,000 2172 84
524 Weidman Ct Detached $669,000 $705,000 3450 13
14113 Amberwood Circle Detached $749,000 $717,500 3514 102
717 5th St Detached $1,089,000 $1,075,000 2809 6
1144 Bayberry Rd Detached $1,299,900 $1,250,000 3523 60
667 Iron Mountain Blvd Detached $1,699,000 $1,650,000 4679 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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News & Notes ~ Jan 2016 Numbers

First numbers for 2016!!! Yeah!!!

Here are the January numbers for the entire Portland area (including Lake Oswego).

According to the RMLS Market Action Report for the Portland Metro Area, January, 2016:

  • There were 2,519 New Listings in January which was up 63.8% from December (1,538), and 8.8% under January of 2015 (2,762).
  • At 1,859, January Closed Sales fell 31.4% from December’s 2,710, and/but were up  25.9% from January of 2015’s 1,477.               ***It was still the strongest January since 1992.
  • January Pending Sales (accepted offers), at 2,243 were up 15.9% from December’s 1,936, and were 2.8% under January of 2015’s 2,294 total.
  •  The Average Sale Price in January of $355,500 was down some from December’s end-of-year frenzy/$367,600, and also up approx $26,000 from January of 2015’s $329,400. 

The combined areas of Lake Oswego and West Linn  (RMLS lumps them together) for the month of January 2016 reported:

    •  243 Active Listings  (Dec was 255)
    •  150 New Listings   (Dec was 86 )
    •  120 Pending Sales    (Dec was 98)
    •  81 Closed Sales   (Dec was 143)
    • Average Sale Price for January of $498,000 (Dec/$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: 78 Days (Dec was 81)
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Market Activity ~ Feb 8-14, 2016

Looks like we’re finally starting to see people putting their homes on the market.

During the period of February 8-14, 2016 (last week) in Lake Oswego, we saw 19 New properties enter the market, 20 move to Pending status, and 16 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Feb 8-14, 2016)

Address List Price # Beds # Baths Total SF Prop Type
84 OSWEGO SMT #84 $119,000 1 1 764 CONDO
125 MIDDLECREST RD $399,900 3 1 800 DETACHD
17311 ASHLEY CT $465,000 4 2.1 2117 ATTACHD
1244 HALLINAN CIR $474,500 4 3 2485 DETACHD
13852 SHIREVA DR $550,000 5 3 2664 DETACHD
4848 Lower DR $624,900 4 3 2548 DETACHD
17455 BROOKHURST DR $648,950 4 2.1 2884 DETACHD
17890 ROYCE WAY $664,000 5 3 3134 DETACHD
4657 DOGWOOD DR $889,000 4 4 3890 DETACHD
17519 BROOKHURST DR $895,000 4 4 3758 DETACHD
4255 CHAD DR $899,900 4 3.1 3853 DETACHD
18711 WESTVIEW DR $995,000 4 3.1 3591 DETACHD
183 FURNACE ST/Ground $1,000,000 2 2.1 2126 CONDO
2371 PALISADES CREST DR $1,198,000 4 3 4270 DETACHD
13707 FIELDING RD $1,250,000 3 3 3184 DETACHD
1644 LAKE FRONT RD $1,295,000 4 4 3866 DETACHD
149 FURNACE ST #25 $1,795,000 3 3.1 4784 CONDO
129 FURNACE ST/Upper $1,949,900 4 4.1 5772 CONDO
2575 SUMMIT DR $2,395,000 4 4.2 6185 DETACHD

PENDING SALES (Feb 8-14, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
205 CERVANTES/Ground $175,000 2 1.1 1216 CONDO 4
36 OSWEGO SMT $175,000 2 2 1140 CONDO 3
238 RIDGEWAY RD #16C $210,000 2 1 914 CONDO 2
5100 UPPER DR $349,900 1 1 956 DETACHD 41
59 GREENRIDGE CT $369,000 3 2.1 2004 ATTACHD 19
13680 SHIREVA DR $448,900 3 2 1504 DETACHD 120
13716 REGENCY CT $499,900 3 2.1 2110 DETACHD 5
741 BRIERCLIFF LN $519,000 4 3 2765 DETACHD 39
8 GERSHWIN CT $525,000 4 3.1 3022 DETACHD 3
1430 LARCH ST $529,000 3 3 2279 DETACHD 48
40 DA VINCI ST $535,000 4 2.1 2476 DETACHD 3
116 MIDDLECREST RD $564,888 3 3 2506 DETACHD 32
149 MIDDLECREST RD $575,000 2 2 2302 DETACHD 256
37 DA VINCI ST $649,900 4 2.1 2152 DETACHD 147
1921 GLENMORRIE LN $658,000 4 3 2375 DETACHD 32
2979 RIVENDELL RD $689,900 4 2.1 2729 DETACHD 3
17 EL GRECO ST $694,900 5 2.1 3060 DETACHD 3
18217 DELENKA LN $749,500 4 3 4166 DETACHD 30
5051 LAKEVIEW BLVD $949,800 4 3.1 3355 DETACHD 146
13900 GOODALL RD $1,429,000 4 3.1 4212 DETACHD 28

SOLD  (Feb 8-14, 2016)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY #54 $154,900 $124,900 1 1 841 CONDO 97
15938 QUARRY RD 3A $169,900 $164,511 2 1 988 CONDO 17
4000 CARMAN DR #62 $163,350 $176,000 2 2 999 CONDO 8
235 Cervantes/Upper $329,000 $289,000 2 2 1100 CONDO 120
1248 OAK ST $325,000 $312,500 2 1 900 DETACHD 69
454 5TH ST $323,000 $323,000 2 1.1 1092 CONDO 28
6355 SW DAWN ST $345,900 $345,900 3 2 1268 DETACHD 18
6140 BURMA RD $419,000 $390,000 5 2 1656 DETACHD 75
5475 BONITA RD $550,000 $500,000 3 2 1904 DETACHD 146
524 COUNTRY CLUB RD $549,900 $555,000 2 2 2168 DETACHD 26
15655 FIELDSTONE DR $710,000 $695,000 3 2.1 2750 DETACHD 6
5218 WESTFIELD CT $775,000 $775,000 4 2.1 3107 DETACHD 5
4845 UPPER DR $849,000 $785,000 4 3 2852 DETACHD 124
990 TERRACE DR $1,075,000 $1,000,000 4 2.1 3740 DETACHD 186
14 DOVER WAY $1,099,000 $1,045,000 5 3.1 4593 DETACHD 297
886 9TH ST $1,150,000 $1,150,000 2 2.1 2842 DETACHD 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.