Category: Market Activity

Real Estate Market Statistics for Lake Oswego, Oregon

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Market Activity ~ Nov 24-30, 2014

snowflake_lgGreetings, Property Blotter readers!  OK, I  will go out on a limb and say that things are slowing down a bit.  I call this the Holiday Black Hole : )  I do business this time of year every year because people either Buy or Sell for so many reasons… most not having to do with the weather… and time of year often plays into the desire to accomplish something (by moving) at or around the time of the turn of the year.  Anyway, I decided that for myself a long time ago, and so it is ; ) But most people take their minds off real estate at this time of year and put them on family, friends, and the things that really matter in Life…  some of us just have “dual duty” in helping to make changes that house the family and friends that we Love, while decorating and toasting with Loved ones all at once!  …and that’s plenty of fun too.

Here is your Latest Market Data: Last week in Lake Oswego we saw 9 New properties enter the market, 10 move to Pending status, and 8 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Nov 24-30, 2014)

Address List Price # Beds # Baths Total SF Prop Type
5275 OAKRIDGE RD $349,900 3 1 1267 DETACHD
5590 KILCHURN AVE $624,900 4 2.1 2472 DETACHD
13070 BOONES FERRY RD $549,000 3 1 1864 DETACHD
910 FAIRWAY RD $1,098,000 4 3.1 3384 DETACHD
34 DEL PRADO ST $569,950 4 3 3120 DETACHD
1075 OAK TER $355,000 3 2 1356 DETACHD
66 GALEN ST (Upper) $109,500 1 1 689 CONDO
2234 FERNWOOD CIR $545,000 4 3 2975 DETACHD
2109 WEMBLEY PARK RD $819,000 5 3 3154 DETACHD

PENDING SALES (Nov 24-30, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
18951 INDIAN SPRINGS CIR $449,900 5 3 2865 DETACHD 3
1744 FERN PL $599,000 4 2.1 2110 DETACHD 10
59 GALEN ST (Lower) $94,900 1 1 550 CONDO 22
831 4TH ST $525,000 3 1.1 2240 DETACHD 20
100 KERR PKWY #11 $95,000 1 1 617 CONDO 282
19211 TERRY AVE $370,000 4 2 1872 DETACHD 9
5048 TREE ST $310,000 3 1.1 1232 DETACHD 7
12819 ALTO PARK RD $1,038,500 4 4.1 3944 DETACHD 8
1045 BULLOCK ST $568,000 3 2.1 2105 DETACHD 11
5726 CHARLES CIR $696,500 4 3.1 3173 DETACHD 104

SOLD  (Nov 24-30, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
3061 DORIS CT $449,000.0 $420,000.0 5 2 2684 DETACHD 68
87 OSWEGO SMT (Lower) $119,000.0 $79,000.0 2 1.1 1116 CONDO 125
16342 IVY LN $699,900.0 $645,000.0 5 3.1 4645 DETACHD 57
137 KINGSGATE RD $446,000.0 $449,000.0 3 2.1 2372 DETACHD 2
13327 ATWATER LN $895,000.0 $840,000.0 3 2 3004 DETACHD 220
6243 SW DAWN ST $314,000.0 $302,500.0 3 1.1 1254 DETACHD 89
4 TOUCHSTONE #110 $149,000.0 $145,000.0 2 2 989 CONDO 85
18936 BRYANT RD $749,900.0 $670,000.0 4 4 4100 DETACHD 189

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 10-16, 2014

Last week in Lake Oswego had some interesting data. There were 11 new listings, 22 pending sales, and just 8 closed sales. What I find interesting is the large number of pendings compared to the new listings. It’s obvious that those who are in the mood to buy want to move in before Christmas, and those who want to sell are not is no much of a hurry with the holidays at hand. Also of note is the short market time of the pending sales. This next week or two will be a good time to list a home for sale to take advantage of the pre-holiday rush.

Following is the breakdown for you according to RMLS:

New on the Market (Nov 10-16, 2014)

Address Type Price BR Bths SF
13188 Vermeer Dr Detached $450,000 3 2.5 1854
17190 Robb Pl Detached $450,000 4 3 1896
16201 Lake Forest Blvd Detached $464,900 3 2.5 2780
17380 Canyon Dr Detached $550,000 4 2.5 2526
1045 Bullock St Detached $568,000 3 2.5 2105
1744 Fern Pl Detached $599,000 4 2.5 2110
1607 Pine St Detached $599,960 4 2.5 2943
12511 Shelby Ct Detached $649,900 5 3.5 3675
1785 Palisades Terrace Dr Detached $799,000 5 4.5 5052
15444 Boones Way Attached $850,000 3 2.5 3464
12975 Elk Rock Rd Detached $1,000,000 5 3.5 3878

Pending Sales (Nov 10-16, 2014)

Address Type Price BR Baths SF DOM
4610 Lower Dr Condo $114,900 2 1.5 1260 46
4636 Lower Dr B-1 Condo $128,000 2 1.5 1170 9
86 Kingsgate Rd C203 Condo $139,500 2 2 924 4
3826 Botticelli St Condo $174,900 2 2 1055 56
113 Touchstone Terr Attached $293,000 3 2.5 2104 5
16875 Tracy Ave Detached $299,900 4 2 1825 114
706 5th St Detached $300,000 4 2 1824 16
4724 Firwood Rd Detached $329,000 3 1.5 1240 5
21 Summit Ridge Ct Attached $339,000 2 2.5 1654 16
1437 Oak St Detached $349,000 3 1 1070 4
6101 Harrington Ave Detached $359,000 3 2.5 1400 5
16266 Lake Forest Blvd Detached $369,900 3 2 1860 146
1878 Mapleleaf Rd Detached $395,000 3 1.5 1347 41
5978 Fernbrook Circle Detached $449,900 4 2.5 1612 12
205 Hidalgo St Detached $459,900 3 3.5 3032 131
37 Churchill Downs Detached $470,000 3 2.5 2372 4
12 Scarborough Dr Detached $525,000 4 2.5 2943 139
2671 Glen Eagles Rd Detached $850,000 3 3 4019 179
17547 Cherry Ct Detached $998,850 4 3.5 3737 337
19354 Lorna Ln Detached $1,049,988 5 3.5 4169 403
14084 Goodall Rd Detached $1,195,000 5 5.5 5399 73
3140 Childs Rd Detached $1,695,000 5 5.5 6449 298

Sold/Closed (Nov 10-16, 2014)

Address Type List Price Closed Price Sq Ft CDOM
94 Oswego Summit Condo $123,500 $117,500 1140 2
6928 Montauk Circle Condo $125,000 $125,000 960 21
5959 Dove Ct Detached $379,900 $380,000 1552 6
6158 Frost Ln Detached $464,900 $460,000 2,109 32
16942 Cherry Crest Dr Detached $475,000 $465,000 2363 28
4726 Cambridge Ct Attached $595,000 $581,000 2865 9
14220 Bridge Ct Detached $750,000 $689,000 3419 37
3411 Lake Grove Ave Detached $999,999 $1,000,000 4434 177

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

Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) numbers:

The latest real estate numbers in Portland and the Lake Oswego/West Linn areas are in. Things have taken an uptick in October for the Portland area. This was the strongest October for Closed Sales since 2006!

According to the RMLS Market Action Report for the Portland Metro Area  October, 2014:

  • At 2,487, October Closed Sales rose 4.6% over the month prior, September, and were up a full 13.6% from October of 2013’s 2,189 .
  • There were 2,881 New Listings in October which was 7.1% down from September, but rose 13.6% from October 2013.
  • The Average Sale Price in October of $335,600 was down $2,500 from the month prior. The first ten months of 2014 are logging an Average Sale Price of $333,200, which is up 7.4% over the same time period in 2013.
  • October Pending Sales (accepted offers), at 2,480, were down 2.8%  from the month prior.  That said, the Pending sales for October are up a full 16.7% over October 2013.

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In Lake Oswego and West Lin steady activity is Good with Closed Sales down by 10 and/but Pending Sales up by 6. Average Sale Price was up $11,200 from September. (There is a very wide range of prices in Lake Oswego among a relatively smaller number of homes for sale as compared to the larger Portland area, so this is not unusual.)

The combined areas of Lake Oswego and West Linn  for October reported:

    • 475 Active Listings  (Sept was 501)
    • 166 New Listings  (Sept was 177)
    • 136 Pending Sales  (Sept was 130)
    • 130 Closed Sales  (Sept was 140)
    • An Average Sale Price of $547,800.  (Sept was $536,600)
    • Average Time on the Market: 81 Days  (Sept was 100)
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Market Activity Oct 20-26, 2014

The fall market is moving right along with 17 new listings, 12 pending sales, and 20 sold/closed homes last week.

Following is the breakdown for you according to RMLS:

New on Market (Oct 20-26, 2014)

Address Type Price BR Bths SF
4619 Lakeview Blvd D-3 Condo $92,000 1 1 753
43 Crestfield Ct Condo $107,500 2 1 923
3930 Lake Grove Ave 1A Condo $128,500 2 1 952
6 Cervantes Circle Condo $145,000 2 1.5 912
3433 Mcnary Pkwy #303 Condo $150,000 2 2.5 1208
4 Touchstone Dr #99 Condo $159,000 2 2 984
246 Ridgeway Rd 17B Condo $160,000 1 1 753
3986 Carman Dr Condo $209,900 2 2.5 1107
16735 Lake Forest Blvd Detached $299,900 3 2 1192
1743 Aspen Ct Detached $336,900 3 2 1341
528 2nd St Attached $439,500 2 2.5 1703
1710 Glenmorrie Terrace Detached $549,900 4 3 2865
5020 Hampton Ct Detached $598,000 3 2.5 2253
15180 Boones Way Detached $615,000 6 3.5 3905
5488 Southwood Dr Detached $799,000 4 2.5 3280
1168 Andrews Rd #1 Detached $1,295,000-$1,495,000 5 5.5+.5 4700
1168 Andrews Rd #2 Detached $1,295,000-$1,495,000 5 5.5+.5 4700

Pending Sales (Oct 20-26, 2014)

Address Type Price BR Baths SF DOM
44 Eagle Crest Dr #15 Condo $89,900 1 1 798 197
4 Touchstone #76 Condo $124,000 2 2 984 43
4 Touchstone #110 Condo $149,000 2 2 989 85
45 Eagle Crest Dr #409 Condo $155,000 2 2 1214 4
18543 Don Lee Way Detached $250,000 3 1 924 49
5326 W Sunset Dr Detached $259,900 1 1 754 3
4180 Collins Way Detached $280,000 2 1.5 1236 268
16200 Pacific Hwy #35 Condo $295,000 2 2 1208 268
4630 Wildwood St Detached $459,900 3 2 2067 6
886 9th St Detached $465,000 2 1 860 3
17601 Woodhurst Pl Detached $650,000 3 2.5 3179 80
16650 Fir Ln Detached $1,279,000 4 3.5 3860 57

Sold/Closed (Oct 20-26, 2014)

Address Type List Price Closed Price Sq Ft CDOM
44 Eagle Crest Dr #41 Condo $126,900 $111,000 908 421
5713 Kenny St Detached $349,000 $325,000 1384 31
16902 Chapin Way Detached $449,900 $440,000 1993 4
5222 Carman Dr Detached $474,900 $448,000 2,543 173
17688 Cardinal Ct Detached $459,000 $459,000 1970 14
960 9th ST Detached $475,000 $460,000 1509 63
16919 Lakeridge Dr Detached $525,000 $507,000 2710 80
13448 Auburn Ct Attached $525,000 $520,000 2535 4
4821 Dawn Ave Detached $599,000 $600,000 1854 5
2823 Glen Haven Rd Detached $749,900 $699,000 3015 8
5005 Dogwood Dr Detached $779,000 $753,000 4156 71
2175 Crest Dr Detached $799,900 $799,900 2950 20
14128 Goodall Rd Detached $869,000 $825,000 2960 118
814 Lake Shore Rd Detached $899,000.00 $885,000 1972 78
2943 Lakeview Blvd Detached $979,900 $950,000 3794 419
1045 Skyland Dr Detached $1,250,000 $1,255,000 3942 2
1103 Lake Shore Rd Detached $1,320,000 $1,320,000 3747 112
16525 Maple Circle Detached $1,450,000 $1,340,000 3443 287
1880 Crest Dr Detached $1,650,000 $1,375,000 2800 23
1400 Ridgecrest Dr Detached $1,649,500 $1,500,000 3859 15

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

Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) numbers:

The latest real estate numbers in Portland and the Lake Oswego/West Linn areas for September are in. Overall numbers are down from August and up from last year

According to the RMLS Market Action Report for the Portland Metro Area  September, 2014:

  • At 2,378, September Closed Sales dropped 8% from the month prior (August), and/but were up a full 10.2% from September of 2013’s 2,158 .
  • There were 3,102 New Listings in September which was 6.1% higher than September 2013, but down 13.4% from the month prior.
  • The Average Sale Price in September of $338,100 was down $1,900 from the month prior. The first nine months of 2014 are logging an Average Sale Price of $333,000, which is up 7.4% over the same time period in 2013.
  • September Pending Sales (accepted offers), at 2,551, were down 5.7%  from the month prior.  That said, the Pending sales for September are up a full 15% over September 2013. ***This was the strongest September for Pending sales since 2006 when there were 2,599!

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In Lake Oswego and West Lin steady activity with all numbers down slightly from August, and/but the Average Sale Price rising by $16,400… and interestingly, Average Time on the Market going from 57 to 100 days (that’s quite a jump!)

The combined areas of Lake Oswego and West Linn  for August reported:

    • 501 Active Listings  (August was 531)
    • 177 New Listings  (August was 185)
    • 130 Pending Sales  (August was 148)
    • 140 Closed Sales  (August was 134)
    • An Average Sale Price of $536,600.  (August was $520,200)
    • Average Time on the Market: 100 Days  (August was 57)
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Market Activity ~ Oct 13-19, 2014

Hello to each of our Property Blotter readers from the big, happy family here at the Blotter! We’re all still amazingly busy, and/but as I said before, Fall is in the air. Peoples’ attention wanders… Halloween, Thanksgiving, and yes… that other big holiday are on everyones’ minds. Yet, Fall and Winter can be fantastic times to buy a home. People with their homes on the market generally really want to sell. If you’re selling, people looking at this time of year really tend to be serious about buying!

Here is your Latest Market Data: Last week in Lake Oswego we saw 16 New properties enter the market, 22 move to Pending status, and 14 “Closed”/Sold! Interestingly, 11 out of those 22 New ones are Condos or Townhomes.

Ok, Linda here signing off/running out the door to help more clients!
Following is the breakdown for you according to RMLS:

NEW on Mkt (Oct 13-19, 2014)

Address List Price # Beds # Baths Total SF Prop Type
169 OSWEGO SMT #169 $109,000 2 2 1330 CONDO
103 OSWEGO SMT $110,000 2 1.1 1116 CONDO
120 OSWEGO SMT $134,900 2 2 1140 CONDO
44 EAGLE CREST DR #11 $139,000 3 2 1085 CONDO
4000 CARMAN DR #55 $149,900 2 2 866 CONDO
45 EAGLE CREST DR #409 $155,000 2 2 1214 CONDO
526 S STATE ST $169,900 2 1 914 CONDO
5063 Foothills DR $199,000 2 2 991 CONDO
1349 BONNIEBRAE DR $239,000 3 1.1 1303 ATTACHD
16250 PACIFIC HWY #75 $245,000 3 2 1626 CONDO
7 PEACOCK PL $329,900 3 2.1 1400 DETACHD
92 GREENRIDGE CT #92 $348,000 3 2.1 1980 ATTACHD
5344 TUALATA CT $349,355 3 2 1263 DETACHD
4972 GALEN ST $525,000 3 3 1942 ATTACHD
4726 CAMBRIDGE CT $595,000 3 2.1 2865 ATTACHD
2484 MARYLSHIRE LN $849,000 4 3.1 4353 DETACHD

PENDING SALES (Oct 13-19, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
87 OSWEGO SMT $79,000 2 1.1 1116 CONDO 104
5060 FOOTHILLS DR $240,000 3 2 1252 CONDO 2
17299 LAKE HAVEN DR $275,000 3 1 925 DETACHD 2
1 PEACOCK PL $309,000 3 2.1 1248 DETACHD 92
200 BURNHAM RD #211 $339,900 3 2 1862 CONDO 85
1812 FERNWOOD DR $369,000 3 1.1 1401 DETACHD 17
1405 CEDAR ST $375,000 4 2 2570 DETACHD 3
20 AQUINAS ST $389,000 4 2.1 1814 DETACHD 33
4208 HARVEY WAY $399,900 4 2 2132 DETACHD 87
6550 CHILDS RD $400,000 2 2 1346 DETACHD 9
3061 DORIS CT $429,900 5 2 2684 DETACHD 68
3225 TEMPEST DR $448,000 3 2.1 2231 DETACHD 106
18840 RIVENDELL CT $449,900 4 3 3060 DETACHD 72
629 5TH ST $469,000 2 1 1122 DETACHD 118
132 MIDDLECREST RD $495,000 4 2 1617 DETACHD 0
4125 WOLF BERRY CT $529,900 4 2.1 2824 DETACHD 1
2 Walking Woods DR $593,950 5 3 4116 DETACHD 91
3075 TOLKIEN LN $649,000 3 2.1 2667 DETACHD 9
17410 UPPER CHERRY LN $739,000 4 3.2 4586 DETACHD 141
754 5TH ST $755,000 3 3 2179 DETACHD 42
19463 LORNA LN $899,500 4 3.1 4055 DETACHD 429
17335 KELOK RD $950,000 4 3.1 2491 DETACHD 89

SOLD  (Oct 13-19, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #91 $122,500 $119,700 2 2 984 CONDO 23
155 OSWEGO SMT $199,900 $120,460 2 2 1506 CONDO 241
1818 COUNTRY CLUB RD $299,999 $300,000 4 2 2032 DETACHD 3
23 FALSTAFF ST $349,500 $322,500 3 2 1434 DETACHD 58
139 DEL PRADO ST $429,000 $382,500 4 2 2967 DETACHD 116
76 TOUCHSTONE $479,000 $400,000 5 2.1 2856 DETACHD 73
19040 INDIAN SPRINGS CIR $509,900 $505,000 4 3 2900 DETACHD 3
32 DEL PRADO ST $529,900 $512,000 5 3 3696 DETACHD 16
2626 PARK RD $537,500 $537,500 4 3 2475 DETACHD 5
14253 KIMBERLY CIR $700,000 $705,000 4 3.1 3592 DETACHD 0
3894 TAMARACK LN $825,000 $825,000 4 3.1 4035 DETACHD 39
13888 GOODALL RD $1,379,000 $1,265,000 4 3.1 4435 DETACHD 265
1633 LESLIE LN $1,850,000 $1,750,000 5 4.1 5921 DETACHD 88
17301 Canal CIR $1,999,999 $1,850,000 5 4.1 3843 DETACHD 89

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 Sept 29-Oct 5, 2014

After a bit of a dip with the start of school, last week’s activity picked up again. We had 17 new listings, 19 pending sales, and 25 closed/sold properties. Those are strong numbers as we head into fall.

Following is the breakdown according to RMLS:

New on Market (Sept 29-Oct 5, 2014)

Address Type Price BR Bths SF
48 Eagle Crest Dr 2C Condo $150,000 3 2 1623
15220 Boones Way 1C Condo $173,500 2 2 1266
16442 Kimball St Detached $350,000 3 1 1200
1812 Fernwood Dr Detached $369,000 3 1.5 1401
5959 Dove Ct Detached $379,900 2 2 1552
5185 Carman Dr Detached $389,000 3 1.5 1848
1878 Mapleleaf Rd Detached $399,900 3 1.5 1347
4670 Lower Dr Detached $414,900 3 2.5 1587
17749 Leafy Ln Detached $624,900 4 3 3300
1890 Crest Dr Detached $769,000 3 2.5 2782
5055 Lakeview Blvd Detached $890,000 4 3.5 3498
18400 Delenka Ln Detached $929,555 5 3.5 5183
1471 Woodland Terr Detached $959,000 5 4.5 5362
17540 Ridgeview Ln Detached $1,255,000 4 3.5 4345
635 Iron Mountain Blvd Detached $1,599,000 6 3.5 4736
420 Ridgeway Rd Detached $2,299,000 4 4 3202

Pending Sales (Sept 29-Oct 5, 2014)

Address Type Price BR Baths SF DOM
45 Eagle Crest Dr #218 Condo $135,000 1 1 768 142
5530 Bonita Rd Detached $269,900 3 1.5 1200 32
8 Britten Ct Attached $274,900 2 2 1175 4
5665 Washington Ct Detached $324,000 3 2 1928 101
6262 Wayzatqa Ct Detached $328,950 3 1.5 1276 15
27 Oriole Ln Detached $425,500 4 2.5 1851 6
137 Kingsgate Rd Detached $446,000 3 2.5 2372 2
15480 Heritage Ct Detached $469,900 4 2.5 2432 2
17554 Blue Heron Way Detached $475,000 4 3 2000 0
1001 Bullock St Detached $475,000 3 2 2008 50
1110 Hallinan Circle Detached $479,000 4 3.5 3824 286
2425 Glen Haven Rd Detached $499,900 4 2.5 2231 3
5440 Bay Creek Dr Detached $529,900 3 2.5 2442 74
24 Morningview Circle Detached $535,000 4 3.5 2817 13
17941 Meadowlark Ln Detached $575,000 4 3.5 3905 24
16342 Ivy Ln Detached $669,900 5 3.5 4645 57
754 5th St Detached $755,000 3 3 2179 30
14144 Goodall Rd Detached $765,000 4 3 3499 298
2031 Lilli Ln Detached $779,995 3 3.5 3418 14

SOLD (Sept 29-Oct 5, 2014)

Address Type List Price Closed Price Sq Ft CDOM
4000 Carman Dr #28 Condo $144,000 $142,000 884 25
5225 Jean Rd #605 Condo $199,900 $195,000 1400 32
5061 Foothills Dr G Condo $199,900 $198,500 991 7
1531 Cedar St Detached $264,900 $250,000 832 18
1018 Spruce St Detached $279,000 $272,425 906 2
432 5th ST #1 Condo $299,000 $275,000 1092 57
4271 Woodside Circle Attached $360,000 $340,000 2126 360
16 Polonius St Detached $434,900 $394,500 2588 147
13371 Peters Rd Detached $430,000 $397,600 2340 62
2944 Dellwood Dr Detached $425,000 $405,000 2152 73
529 2nd St Condo $450,000 $437,500 1339 75
32 Northview Ct Attached $475,000 $442,000 3063 117
2 Morningview Circle Detached $489,000 $450,000 2954 89
1023 Gans St Detached $495,000 $455,000 2770 3
1638 Pine St Detached $494,000 $479,000 3160 222
16901 Lakeridge Dr Detached $545,000 $486,500 2080 3
2195 Glenmorrie Ln Detached $535,000 $511,000 2461 104
4250 Haven St Detached $499,900 $525,000 1924 1
100 D Ave E Attached $539,000 $540,000 1847 7
1936 Palisades Lake Ct Detached $699,000 $640,000 3939 65
18020 Skyland Circle Detached $823,500 $775,000 3210 43
17643 Kelok Rd Detached $1,198,000 $932,500 2390 92
19363 Riverwood Ln Detached $719,000 $940,000 2984 783
744 9th St Detached $1,239,000 $1,142,058 4255 46
616 Cabana Ln Detached $2,895,000 $2,550,000 3800 39

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

Posted on

Market Activity Sept 15 – 21, 2014

It has been a busy week in Lake Oswego, many homes have come and gone. Here is an update for the new homes as well as those pending and those that have sold.
16 new listings
23 pending listings
26 sold

Following is the breakdown according to RMLS:

New on the Market (Sept 15-21, 2014)

Address Type Price Bedrooms Bathrooms Sqft
6928 Montauk Cir Condo 125,000 2 1 960
Botticelli St Condo 179900 2 2 1055
6262 Wayzata CT Detached 328950 3 1.5 1276
5281 Chinook CT Detached 359900 3 2 1471
47 Oriole Ln Detached 399500 3 2.5 1758
939 Devon Ln Detached 399900 3 2 2165
4242 Cobb Way Detached 449800 3 2 1589
4636 Auburn Ln Detached 499900 3 3.5 2732
24 Morningview Ct Detached 535000 4 3.5 2817
17680 Blue Heron Way Detached 649900 4 2.5 2363
2031 Lilli Ln Detached 779995 3 3.5 3418
4055 Orchard Dr Detached 785000 4 3.5 3350
12810 Alto Park Rd Detached 944000 5 3.5 4160
1495 Country Club Rd Detached 1250000 4 2.5 4028
17138 Cedar Rd Detached 1569000 3 3.5 3017
13286 Goodall Rd Detached 1750000 5 5.5 + .5 6819

Pending Sales (Sept 15-25, 2014)

Address Type Price Bedroom Bathrooms Sqft DOM
155 Oswego Smt Condo 199900 2 2 1506 241
2 The Grotto Detached 315000 2 2 1156 34
139 Del Prado St Detached 399000 4 2 2967 116
16 Polonius ST Detached 400000 3 2.5 2588 147
377 Livingood Ln Detached 400000 3 2.5 2409 3
5795 Langford Ln Detached 415000 2 2 1687 4
995 Southshore Blvd Detached 459900 5 2 2571 155
3718 Lake Grove Ave Detached 469900 4 3 2523 115
5222 Carman Dr Detached 474900 3 2 2543 173
5023 Hampton CT Detached 494900 3 2 2284 151
16901 Lakeridge Dr Detached 499000 4 3 2080 104
2802 Greentree Rd Detached 499500 3 2 2548 45
17336 Canyon Ct Detached 549000 4 3 3081 198
18910 Terry Ave Detached 597700 4 4.5 4290 73
4821 Dawn Ave Detached 599000 3 2 1854 5
3894 Tamarack Ln Detached 825000 4 3.5 4035 39
14128 Goodall Rd Detached 839000 4 2.5 2960 118
502 Northshore Rd Detached 849000 3 3 2834 7
16525 Maple Cir Detached 1395000 3 3.5 3443 287
1103 Lake Shore Rd Detached 1395000 4 3 3747 112
199 Eurnace St Detached 1950000 3 3.5 5772 63
2015 Strt of Dreams Lot 7 Detached 1950000 4 4.5 4000 0
17301 Canal Cir Detached 1999999 5 4.5 3843 89

Sold/Closed (Sept 15-21, 2014)

Address Type List Price Close Price Sqft DOM
1720 Bonniebrae Dr Attached 287500 287000 1611 66
4291 Woodside Cir Attached 325000 315000 2026 49
1795 Fernwood Dr Detached 339900 325000 1220 17
5010 Oakridge Rd Detached 317500 328000 1182 4
1310 Oak Ter Detached 379000 372000 900 17
15 Touchstone Detached 425000 425000 2276 34
18929 Longfellow Ave Detached 446000 446000 1800 7
17441 Cardinal Dr Detached 449500 457500 1836 2
18893 Indian Springs Cir Detached 549000 460000 2841 132
4575 Oakridge Rd Attached 460000 465000 1927 49
23 Touchstone Detached 525000 475000 3144 81
17187 Carlson Ct Detached 495000 485000 2082 10
5101 Dawn Ave Detached 510000 487500 2700 260
1282 Hide A Way Ln Detached 560000 515000 3300 65
4311 Orchard Way Detached 549900 520000 3010 227
1286 Larch St Detached 600000 525000 2410 97
4105 Wood Hill Ct Detached 699900 600000 3154 75
3333 Royce Way Detached 609007 614999 2697 295
1403 Greentree Cir Detached 669000 635000 4047 47
435 8th St Detached 759000 660000 2394 116
1640 Oak St Detached 695000 665000 3301 186
543 2nd Ave Condo 686000 670000 1816 69
14150 Amberwood Cir Detached 675000 675000 2500 14
2630 Rivendell Rd Detached 769900 690000 4611 413
658 1st St Detached 699000 699000 3359 3
13777 Cameo Ct Detached 1700000 1585000 7300 38

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 Sept 8-14, 2014

It certainly feels like the waning days of summer with the crisp fell of fall in the evening air. Our market continues to be strong, although less active as it was over the summer. Last week in Lake Oswego we had 20 new listings, 17 houses go into pending status and 7 sold/closed sales.

Following is the breakdown according to RMLS:

New on the Market (Sept 8-14, 2014)

Address Type Price BR Bths SF
4 Touchstone #76 Condo $124,000 2 2 984
10 Cervantes Circle Condo $149,900 2 1.5 912
1531 Boca Ratan Dr Attached $289,000 3 2 1755
468 5th St Condo $310,000 2 1.5 1092
20 Aquinas St Detached $410,000 4 2.5 1814
143 Kingsgate Rd Detached $469,000 3 2 2618
804 2nd St Attached $505,000 4 3 3548
2626 Park Rd Detached $537,500 4 3 2475
1868 Kilkenny Dr Detached $550,000 3 2.5 2500
17102 Campus Way Detached $575,000 4 3 2626
17941 Meadowlark Ln Detached $579,000 4 3.5 3905
4821 Dawn Ave Detached $599,000 3 2 1854
17704 Treetop Ln Detached $695,000 5 3.5 3975
2823 Glen Haven Rd Detached $749,900 5 4 3015
14220 Bridge Ct Detached $750,000 4 2.5 3419
1623 Glenmorrie Dr Detached $850,000 5 4.5 5656
16342 Ivy Ln Detached $939,900 5 3.5 4645
2543 Palisades Crest Detached $998,900 3 2.5+.5 4141
1880 Crest Dr Detached $1,650,000 3 3 2800
1150 Fairway Rd Detached $3,750,000 5 5.5 8527

Pending Sales (Sept 8-14, 2014)

Address Type Price BR Baths SF DOM
4 Touchstone #91 Condo $122,500 2 2 984 23
86 Kingsgate Rd C102 Condo $131,000 2 2 924 4
4000 Carman Dr #28 Condo $144,000 2 2 884 4
200 Burnham Rd #301 Condo $159,000 1 1 948 22
5058 Foothills Dr A Condo $239,900 2 2 1252 12
18660 Don Lee Way Detached $259,900 3 1 946 35
18852 Longfellow Ave Detached $309,900 3 1.5 1232 49
14594 Wilmot Way Detached $420,000 3 2.5 1710 0
17688 Cardinal Ct Detached $459,000 3 3 1970 14
13448 Auburn Ct Attached $525,000 3 2.5 2535 4
100 D Ave Attached $539,000 2 2.5 1847 7
754 5th St Detached $770,000 3 3 2179 9
2175 Crest Dr Detached $799,900 3 3 2950 20
814 Lake Shore Rd Detached $899,000 3 2.5 1972 78
2943 Lakeview Blvd Detached $979,900 4 3 3794 419
744 9th St Detached $1,239,000 4 3.5 4255 46
17442 Ridgeview Ln Detached $1,325,000 4 3.5+.5 5036 198

Sold/Closed (Sept 8-14, 2014)

Address Type List Price Closed Price Sq Ft CDOM
6360 McEwan Rd Detached $275,500 $260,000 1450 83
827 5th St Detached $689,000 $659,000 2124 50
17288 Lowenberg Ter Detached $875,000 $847,000 3467 22
16672 Fir Ln Detached $899,000 $905,000 4,179 119
1776 Oak St Detached $925,000 $910,000 4012 5
590 Oak Meadow Dr Detached $1,249,000 $1,249,000 4673 5
16775 Graef Circle Detached $1,450,000 $1,400,000 2448 52

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

Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) numbers:

The latest real estate numbers in Portland and the Lake Oswego/West Linn areas for August are in. There’s a mixed bag of improvement generally over last year, and/but continued slowing in August, as in July, from the months prior.

According to the RMLS Market Action Report for the Portland Metro Area  August, 2014:

  • At 2,586, August Closed Sales dropped 3.4% from the month prior (July), and 1.4% from August of 2013.
  • There were 3,581 New Listings in August which was 4.6% higher than August 2013, but down a whopping 9.4% from the month prior.
  • The Average Sale Price in August of $340,000 was down exactly $4,470 from the month prior. The first eight months of 2014 are logging an Average Sale Price of $332,600, which is up 7.6% over the same time period in 2013.
  • August Pending Sales (accepted offers), at 2,704, were down 3.5%  from the month prior. They were also slowing in July, which indicates fewer offers being made. That said, the Pending sales for August are up 3.4% over August 2013 .

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In Lake Oswego and West Linn we have some slowing in New Listings from July, and exactly the same number of Pending Listings…which is interesting :  )  The number for Closed Sales (how many were actually completed during August) is down a bit. The number of days it is taking for a property to sell is shrinking… which is a Good thing! As always, the Average Sale Price is higher than Portland Metro numbers. This is because of the percentage of high dollar homes, and does not mean that you can’t find reasonably priced homes here as you can see from our weekly Market Activity Reports.

The combined areas of Lake Oswego and West Linn  for August reported:

    • 531Active Listings
    • 185 New Listings
    • 148 Pending Sales
    • 134 Closed Sales
    • An average Sale Price of $520,200.
    • Average Time on the Market: 57 Days