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) activity:

Well, hopefully you’re not getting tired of hearing about how the market is trending upward!

According to the RMLS Market Action Report for the Portland Metro Area May, 2013:

  • At 2,682, Closed Sales were a 26.2% increase over April, and a 27.8% increase over May of 2012.
  • There were 3,833 New Listings in May. The last time this number was higher was July 2010 at 4,029.
  • The Average Sale Price in May was $316,900, up from $302,600 in April 2013.
  • Pending Sales (accepted offers) increased from April 2013, but only slightly from 2,942  to 2978 in May.

For our Property Blotter readers, the combined area of Lake Oswego and West Linn also reported fantastic numbers:

    • 480 Active Listings
    • 252 New Listings
    • 188 Pending Sales
    • 154 Closed Sales
    • An average Sale Price of $474,700.
    • Average Time on the Market: 108 Days

Market Activity June 10-16, 2013

There was more great real estate activity in Lake Oswego last week with 19 new listings, 18 houses that went pending, and 23 closed sales. Most homes are continuing to sell quickly, and in every price range.
Here is the breakdown of activity according to RMLS:

NEW SALES (June 10-16, 2013):

Address Type Price BR Bths SF
188 Oswego Summit Condo $139,950 2 2 1383
4000 Carmen Dr #12 Condo $158,000 2 2 866
195 Oswego Summit Condo $229,900 2 2 1506
15121 Quarry Rd Detached $344,800 3 2 1284
837 Country Club Rd Detached $425,000 4 3 1750
13198 Peters Rd Detached $434,500 3 2.5 2630
4286 Orchard Way Detached $478,500 3 2 1998
18442 Deerbrush Ave Detached $479,000 4 2.5 2550
18740 Wood Duck Circle Detached $489,000 3 2 2535
5272 Tualata Ln Detached $549,000 4 3 2529
45 Aquinas St Detached $554,000 3 2.5 2981
1931 Park Forest Ct Detached $649,000 5 4.5 3866
4605 Chelsea Ln Detached $649,900 4 2.5 3411
5522 Royal Oaks Dr Detached $683,500 4 2.5 2471
13265 Fox Run Detached $699,000 4 2.5 2614
2833 Rivendell Rd Detached $718,000 4 2.5 3093
13080 Thoma Rd Detached $1,150,000 3 2 2810
3200 Childs Rd Detached $1,295,000 4 3.5 5128
12210 Orchard Hill Rd Detached $1,495,000 4 3.5+.5 4640

PENDING SALES (June 10-16, 2013)

Address Type Price BR Baths SF DOM
4 Touchstone #126 Condo $115,000 2 2 984 87
4 Touchstone #147 Condo $165,000 3 2.5 1351 6
4 Saint Helens Circle Detached $275,000 3 2 1617 11
5432 Kenny St Detached $278,000 3 1 1352 8
79 Kingsgate Rd Detached $359,000 3 2.5 1938 29
6173 Washington Ct Detached $370,000 2 2 1440 55
18971 Indian Springs Circle Detached $375,000 3 2 1525 2
1467 Greentree Circle Detached $412,500 3 2 1896 57
42 Spinosa Detached $439,900 3 2.5 2056 36
8 Hotspur St Detached $440,000 3 2.5 1954 56
2395 Greentree Rd Detached $465,000 4 2.5 2832 14
16976 Cherry Crest Dr Detached $499,000 4 2.5 2655 18
15988 White Oaks Dr Detached $549,999 4 2.5 2854 34
110 3rd St Detached $550,000 1 1 915 130
18183 Westminster Dr Detached $558,000 3 2.5 3066 50
5710 Charles Circle Detached $668,000 4 2.5 3061 4
2896 Tolkien Ln Detached $749,000 5 3.5 5180 15
2719 Rivendell Rd Detached $799,000 4 2.5 3554 20

SOLD (June 10-16, 2013)

Address Type List Price Closed Price Sq Ft CDOM
4620 Lower Dr Condo $75,000 $75,005 1160 107
5533 Tree St Detached $259,500 $263,000 1114 2
72 Greenridge Ct Attached $269,000 $269,000 1824 7
18816 Longfellow Ave Detached $289,900 $279,000 1,033 6
102 Kingsgate Rd Detached $305,000 $312,000 1727 3
18903 Terry Ave Detached $339,000 $330,000 1236 65
13901 Sundeleaf Dr Detached $379,900 $354,900 1900 103
1615 Hallinan St Detached $349,900 $355,000 1500 4
1651 Larch St Detached $364,900 $369,900 2225 3
1720 Mapleleaf Rd Detached $369,000 $380,000 1584 2
1297 Hida A Way Ln Detached $367,500 $390,000 1832 3
14466 Holly Springs Rd Attached $425,000 $410,000 2238 9
17438 Cardinal Dr Detached $420,000 $420,000 2286 29
3140 Royce Way Detached $429,900 $430,000 1923 2
343 3rd St Attached $469,500 $487,000 1959 8
2491 Overlook Dr Detached $609,900 $567,000 3,250 173
320 Berwick Rd Detached $649,000 $649,000 2780 2
13430 Atwater Ln Detached $695,000 $665,000 3557 6
2479 Palisades Crest Dr Detached $799,999 $679,500 6640 510
1979 Country Club Rd Detached $750,000 $752,500 4115 61
2371 Palisades Crest Dr Detached $849,000 $849,000 4182 2
17282 Lake Haven Dr Detached $1,195,000 $985,000 3664 41
17152 Cedar Rd Detached $1,295,000 $1,100,000 3034 35

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 ~ June 3-9, 2013

Last week there were 27 New properties entering the market, 30 moving to Pending status, and 13 that “Closed”/Sold.
Here is the breakdown of activity according to RMLS:

NEW SALES (June 3-9, 2013):

Address List Price # Beds # Baths Total SF Prop Type
36 OSWEGO SUMMIT $139,900 2 2 1140 CONDO
4 TOUCHSTONE #147 $165,000 3 2.1 1351 CONDO
5836 SW LAKEVIEW CT $195,000 3 1 1296 DETACHD
6053 FERNBROOK ST $317,900 3 1 912 DETACHD
908 CUMBERLAND PL $449,500 4 3 2715 DETACHD
13008 ROGERS RD $499,000 4 2.1 2448 DETACHD
10 JUAREZ ST $525,000 3 2.1 3740 DETACHD
2195 GLENMORRIE LN $534,900 3 2 2461 DETACHD
17730 MARYLBROOK DR $539,000 3 2.1 2951 DETACHD
134 DEL PRADO ST $569,000 5 3 3600 DETACHD
5 ABELARD ST $569,000 4 3 4660 DETACHD
11 TANGLEWOOD DR $578,950 4 3 3148 DETACHD
14130 GABRIELLE CT $589,000 4 2.1 2877 DETACHD
1015 SOUTHSHORE BLVD $650,000 4 3 3882 DETACHD
5710 CHARLES CIR $668,000 4 2.1 3061 DETACHD
18217 DELENKA LN $689,000 4 3 4171 DETACHD
5960 CLAIRMONT CT $715,000 4 2.1 3000 DETACHD
3015 ROYCE WAY $719,000 5 3.1 4081 DETACHD
639 CARRERA LN $979,000 5 3.1 4305 DETACHD
235 FURNACE ST $1,150,000 4 3.1 4042 DETACHD
1221 FOREST MEADOWS WAY $1,200,000 3 3 4150 DETACHD
17323 BERGIS FARM DR $1,280,000 4 3.2 4297 DETACHD
15567 VILLAGE DR $1,295,000 4 4 5247 DETACHD
853 D AVE $1,350,000 4 3.1 4710 DETACHD
18820 GREENBLUFF DR $1,375,000 4 4.1 5382 DETACHD
4153 WESTBAY RD $1,425,000 4 3.1 3374 DETACHD
1793 ATHERTON DR $1,595,000 4 5 6500 DETACHD

PENDING SALES (June 3-9, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
52 OSWEGO SMT $59,900 1 1 700 CONDO 82
44 EAGLE CREST DR #17 $70,000 1 1 798 CONDO 10
200 BURNHAM RD #104 $115,000 1 1 858 CONDO 56
206 CERVANTES $139,000 2 1.1 890 CONDO 1
15472 BRIANNE CT $239,000 2 2.1 1208 ATTACHD 50
4302 BOTTICELLI ST #2 $239,000 3 3.1 2298 CONDO 21
8 WHEATHERSTONE $309,000 3 2.1 1692 CONDO 2
3686 Lake Grove AVE $319,900 3 2 1300 DETACHD 352
19135 REDWING CT $320,000 4 2 1326 DETACHD 4
17380 MARJORIE AVE $359,000 4 2 1810 DETACHD 6
534 2ND ST $375,000 2 2.1 1394 CONDO 5
14414 ORCHARD SPRINGS RD $379,900 4 2.1 1890 DETACHD 72
5915 BURMA RD $379,900 5 3 3891 DETACHD 20
18357 HEATHER ANN CT $399,900 3 2 1832 DETACHD 58
342 LIVINGOOD LN $400,000 4 2.1 2384 DETACHD 5
1550 BEDFORD CT $409,900 2 2.1 2359 DETACHD 4
3140 ROYCE WAY $429,900 3 2 1923 DETACHD 2
805 HEMLOCK ST $474,900 4 3 2491 DETACHD 34
17742 MARYLCREEK DR $475,000 4 2.1 2494 DETACHD 4
2011 RIDGEWOOD LN $549,000 5 3.1 3012 DETACHD 23
12994 SIERRA VISTA DR $564,500 4 3.1 3824 DETACHD 430
18255 TAMAWAY DR $649,000 4 2.1 3457 DETACHD 28
12442 SW 22ND AVE $773,750 4 3.1 3834 DETACHD 3
5507 BAY CREEK DR $799,900 5 3.1 3900 DETACHD 7
215 CHANDLER PL $875,000 3 2.1 3118 DETACHD 24
17903 UPPER CHERRY LN $924,000 4 2.1 3912 DETACHD 18
16545 MAPLE CIR $1,395,000 3 3.1 3800 DETACHD 233
16743 GRAEF CIR $1,495,000 4 2.1 3772 DETACHD 362
1607 LAKE FRONT RD $1,649,000 4 4 4012 DETACHD 376
910 NORTHSHORE RD $3,595,000 4 6.1 5203 DETACHD 366

SOLD (June 3-9, 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
4000 CARMAN DR #23 $109,000 $105,500 2 2 866 CONDO 2
218 RIDGEWAY RD $110,000 $135,000 2 1 914 CONDO 415
1240 CEDAR ST $244,900 $246,000 3 1 1044 DETACHD 2
1330 HEMLOCK ST $285,000 $296,000 3 1 2730 DETACHD 49
5686 WASHINGTON CT $290,000 $310,000 2 2 1342 DETACHD 9
15442 PARTRIDGE DR $329,900 $335,000 4 2.1 2100 DETACHD 42
497 LIVINGOOD LN $390,000 $350,000 3 2.1 2144 DETACHD 87
13242 VERMEER DR $408,000 $412,000 3 2.1 2100 DETACHD 8
15939 TWIN FIR RD $499,900 $475,000 3 2 2480 DETACHD 483
828 ELLIS AVE $599,000 $599,000 3 2 2145 DETACHD 1
5678 CHARLES CIR $675,000 $645,000 4 4 3485 DETACHD 0
2400 CHILDS RD $839,900 $825,000 3 2.1 3400 DETACHD 14
4398 Lakeview BLVD $1,650,000 $1,650,000 3 3.1 3309 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

Market Activity May 27 to June 2, 2013

Last week in Lake Oswego there were 26 new listings, 23 houses that went pending with accepted offers, and 24 closed sales. Here is the breakdown of activity according to RMLS:

NEW SALES (May 27-June 2, 2013):

Address Type Price BR Bths SF
360 Cervantes Cir 14-F Condo $114,500 2 1 832
44 Eagle Crest Dr #3 Condo $139,900 3 2 1085
159 Oswego Summit Condo $179,000 2 2 1506
5432 Kenny St Detached $278,000 3 1 1352
4 Saint Helens Circle Detached $299,000 3 2 1617
8 Weatherstone Condo $309,000 3 2.5 1692
534 2nd St Condo $375,000 2 2.5 1394
5195 Firwood Rd Detached $395,000 3 3 1926
772 Lake Forest Dr Detached $399,500 2 1 888
3140 Royce Way Detached $429,900 3 2 1923
6236 Wayzata Ct Detached $444,500 5 2.5 2752
2 Abelard St Detached $449,900 3 3.5 2435
2395 Greentree Rd Detached $489,000 4 2.5 2832
828 5th St Detached $519,000 2 2 1248
4663 Black Forest Ct Detached $525,000 4 2.5 2168
12991 Sierra Ct Detached $569,900 3 2.5 2544
14 Del Prado St Detached $624,900 5 3.5 4094
2401 Glen Haven Rd Detached $625,000 5 3 2924
785 9th St Detached $649,000 3 2.5 2477
2896 Tolkien Ln Detached $749,000 5 3.5 5180
5507 Bay Creek Dr Detached $799,900 5 3.6 3900
645 Country Club Rd Detached $825,000 4 2.5 3262
14100 Taylors Crest Ln Detached $850,000 4 2.5 4087
4150 Upper Dr Detached $895,000 3 3 3294
1600 View Lake Ct Detached $1,295,000 2 2.5 3335
13310 Atwater Ln Detached $1,450,000 5 4 4648

PENDING SALES (May 27-June 2, 2013)

Address Type Price BR Baths SF DOM
45 Eagle Crest Dr #305 Condo $124,700 2 1.5 1056 71
47 Eagle Crest Dr #60 Condo $139,900 3 2 1026 14
4043 Jefferson Parkway Condo $159,000 2 2.5 1182 31
4417 Thunder Vista Ln Condo $179,000 2 2.5 1455 94
5225 SW Jean Rd #108 Condo $179,000 3 2 1500 16
16006 Kimball St Res-mfg $225,000 2 1 1800 215
15471 Brianne Ct Attached $225,000 2 2.5 1204 6
1706 Boca Ratan Dr Attached $285,000 3 2.5 1739 2
1685 Mapleleaf Rd Detached $324,950 3 2 1426 39
14550 Doris Ave Detached $339,900 3 1.5 1474 1053
6024 Fernbrook Circle Detached $339,900 3 2 1470 97
5745 Windfield Loop Detached $369,900 3 2.5 1885 22
2510 Park Rd Detached $409,000 3 2.5 1960 20
730 Briercliff Ln Detached $465,000 5 3 3275 6
47 Hillshire Dr Detached $519,000 3 2.5 2963 5
3540 Upper Dr Detached $524,900 4 2.5 2716 14
4078 Melissa Dr Detached $535,000 4 2.5 2691 3
10 Scarborough Dr Detached $540,000 4 3 3537 17
14146 Edenberry Dr Detached $675,000 4 2.5 3100 35
3201 Fir Ridge Rd Detached $699,900 4 3 2571 54
17920 Sarah Hill Ln Detached $789,900 4 3 2459 9
2060 Indian Trail Detached $850,000 3 2.5 2377 160
17739 Cardinal Dr Detached $1,095,000 5 3.5 3642 1

SOLD (May 27-June 2, 2013)

Address Type List Price Closed Price Sq Ft CDOM
4075 Jefferson Parkway #18 Condo $172,500 $169,500 1182 4
92 Wheatherstone Condo $250,000 $240,000 2436 25
5910 Shakespeare St Detached $370,000 $350,000 1663 253
536 2nd St Condo $379,000 $369,000 1,394 13
1941 Park Forest Ct Detached $400,000 $400,000 2800 291
16168 Lake Forest Blvd Detached $400,000 $415,000 2276 34
4572 Upper Dr Detached $492,488 $426,000 1454 12
17433 Schalit Way Detached $436,000 $443,000 2350 2
731 Sunny Hill Dr Detached $439,698 $446,000 2396 16
4995 Oakridge Rd Detached $450,000 $470,000 2232 5
7 Westminster Dr Detached $499,950 $494,000 2974 7
6132 Summer Woods Detached $515,000 $510,000 2811 3
2360 Greentree Rd Detached $559,000 $535,000 2271 7
5711 Victoria Ct Detached $610,000 $540,000 2768 61
135 Middlecrest Rd Detached $699,900 $560,000 2882 302
1131 Devon Ln Detached $599,900 $592,000 3,179 230
1921 Glenmorrie Ln Detached $624,000 $600,000 2375 116
1579 Bay View Ln Detached $659,698 $625,000 4685 133
5570 Kilchurn Ave Detached $649,000 $645,000 2931 5
5218 Westfield Ct Detached $665,900 $645,000 3107 22
130 Laurel St Detached $699,000 $704,000 2150 0
14393 Amberwood Circle Detached $820,000 $789,000 3692 23
511 6th St Detached $998,000 $965,000 4052 151
752 Lake Shore Rd Detached $1,379,000 $1,310,000 3389 11

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 ~ May 20-26, 2013

Last week there were 18 New properties entering the market, 21 moving to Pending status, and 10 that “Closed”/Sold.
Here is the breakdown of activity according to RMLS:

NEW SALES (May 20-26, 2013):

Address List Price # Beds # Baths Total SF Prop Type
44 EAGLE CREST DR #17 $70,000 1 1 798 CONDO
15471 BRIANNE CT $225,000 2 2.1 1204 ATTACHD
12826 BOONES FERRY RD $269,900 2 2.1 1398 CONDO
16291 LAKE FOREST BLVD $269,950 2 1 762 DETACHD
730 SW BRIERCLIFF LN $465,000 5 3 3275 DETACHD
16976 CHERRY CREST DR $510,000 4 2.1 2655 DETACHD
4078 MELISSA DR $535,000 4 2.1 2691 DETACHD
628 LAKE BAY CT $639,000 3 2 1729 DETACHD
1222 TIMBERLINE DR $649,900 4 3 3256 DETACHD
5780 CHILDS RD $669,000 5 2 2770 DETACHD
17920 SARAH HILL LN $789,900 4 3 2459 DETACHD
2719 RIVENDELL RD $799,000 4 2.1 3554 DETACHD
17903 UPPER CHERRY LN $924,000 4 2.1 3912 DETACHD
18187 SIENA DR $978,950 4 3.1 3745 DETACHD
618 ATWATER RD $995,000 6 3.2 5139 DETACHD
616 ATWATER RD $1,050,000 4 3.1 5558 DETACHD
1131 NORTHSHORE RD $1,280,000 4 3 3850 DETACHD
199 FURNACE ST -Upper $1,950,000 3 3.1 5772 CONDO

PENDING SALES (May 20-26, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE DR #46 $108,000 2 2 979 CONDO 15
572 S STATE ST $144,921 2 1 914 CONDO 82
10 WALKING WOODS DR $285,000 3 2.1 2194 DETACHD 602
19060 INDIAN SPRINGS CIR $349,900 3 2 1355 DETACHD 47
886 9TH ST $360,000 2 1 860 DETACHD 2
5745 SW WINDFIELD LOOP $369,900 3 2.1 1885 DETACHD 12
1129 CHERRY LN $379,900 4 2.1 2421 DETACHD 10
1257 HALLINAN CIR $385,000 4 2.1 2548 DETACHD 24
1745 MAPLELEAF RD $389,900 3 2 1518 DETACHD 6
9 MASARYK ST $415,000 3 3 2692 DETACHD 66
16147 LAKE FOREST BLVD $459,500 4 3 2889 DETACHD 11
343 3RD ST $469,500 3 3.1 1959 ATTACHD 8
12 MONTICELLO DR $499,000 4 2.1 3658 DETACHD 7
20 CELLINI CT $594,000 4 3 2876 DETACHD 4
4137 ORCHARD WAY $599,900 5 2.1 3329 DETACHD 39
5678 CHARLES CIR $675,000 4 4 3485 DETACHD 0
557 2nd ST #205 $680,000 2 2.1 1833 CONDO 63
13624 PROVINCIAL HILL WAY $699,900 4 2.1 3704 DETACHD 284
5384 WASHINGTON CT $699,900 4 3.1 3228 DETACHD 43
17485 BROOKHURST DR $749,500 4 3.1 4550 DETACHD 37
17340 CARDINAL DR $865,000 4 3 3417 DETACHD 120

SOLD (May 20-26, 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
66 OSWEGO SMT $74,900 $69,900 1 1 764 CONDO 12
206 OSWEGO SMT $200,000 $160,000 2 2 1506 CONDO 71
18917 REDWING WAY $324,900 $330,000 3 1.1 1440 DETACHD 3
5753 WINDFIELD LOOP $330,000 $335,000 3 2 1503 DETACHD 3
3192 DUNCAN DR $429,900 $385,000 5 2.1 3139 DETACHD 406
18123 WESTVIEW DR $459,000 $466,500 3 2.1 2608 DETACHD 11
5498 ROYAL OAKS DR $550,000 $550,000 4 2.1 2646 DETACHD 13
17065 Tualatin ST $578,950 $578,000 3 2.1 2733 DETACHD
19310 RIVERWOOD LN Lt9W $639,900 $625,000 5 4 3110 DETACHD 99
17337 BERGIS FARM DR $1,300,000 $1,290,000 4 3.2 4810 DETACHD 1

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

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

Someone flipped a switch around mid-late December, and it’s been nothing but “up” for the Portland real estate market ever since!  You’ve probably noticed, (unless it’s just the circles I run in : ) it’s been the topic on everyone’s lips for months… and doesn’t appear to show signs of slowing down or giving up the spotlight any time soon.

According to the RMLS Market Action Report for the Portland Metro Area April, 2013:

  • At 2,125, Closed Sales were a 9.8% increase over March, and a 16.6% increase over April of 2012.
  • There were 3,623 New Listings, which is an increase of 20.7% over March 2013.
  • The Average Sale Price in April was $302,600, up from $299,000 in March 2013.
  • Pending Sales (accepted offers) increased from March 2013 by 11.9% to 2,942.

For our Property Blotter readers, the combined area of Lake Oswego and West Linn also reported fantastic numbers:

    • 466 Active Listings
    • 252 New Listings
    • 160 Pending Sales
    • 113 Closed Sales
    • An average Sale Price of $448,600.
    • Average Time on the Market: 118 Days

Market Activity May 13-19, 2013

Last week there were 24 New properties going on the market in Lake Oswego, 19 that went to Pending status, and 17 that Sold/Closed.

Here are further details regarding last week’s Market Activity according to RMLS:

NEW SALES (May 13-19, 2013):
<

Address Type Price BR Bths SF
4000 Carman Dr #23 Condo $109,000 2 2 866
47 Eagle Crest Dr #60 Condo $139,900 3 2 1026
5225 Jean Rd #108 Condo $179,000 3 2 1500
4302 Botticelli St #2 Condo $243,900 3 3.5 2298
5062 Foothills Dr A Condo $269,000 1 1.5 1252
79 Kingsgate Rd Detached $369,000 3 2.5 1938
5915 Burma Rd Detached $379,900 5 3 3891
1129 Cherry Ln Detached $379,900 4 2.5 2421
1716 Hallinan St Detached $449,900 3 3 1916
343 3rd St Attached $469,500 3 3.5 1959
16933 Greentree Ave Detached $498,900 3 2.5 2276
12 Monticello Dr Detached $499,000 4 2.5 3658
3540 Upper Dr Detached $524,900 4 2.5 2716
10 Scarborough Dr Detached $560,000 4 3 3537
20 Cellini Ct Detached $594,000 4 3 2876
15837 Allison Pl Detached $599,900 4 2.5 3534
2440 Overlook Dr Detached $625,000 4 3 3876
5052 Woodcrest Ln Lot 12 Detached $669,900 4 3.5 3340
17303 Grandview Ct Detached $699,000 4 3.5 3661
2183 Hillside Ct Detached $849,000 4 3.5 4473
215 Chandler Pl Detached $875,000 4 2.5 3118
769 2nd St Detached $899,000 4 3.5 2862
12800 Goodall Rd Detached $4,850,000 4 4 3780
1865 Palisades Terrace Dr Detached $7,900,000 5 5.5+.5+.5 8800

PENDING SALES (May 13-19, 2013)

Address Type Price BR Baths SF DOM
4043 Jefferson Parkway Condo $159,000 2 2.5 1182 16
10 Oriole Ln Detached $234,900 2 2 1654 85
88 Kingsgate Rd Detached $299,500 3 2.5 1675 8
3550 Lake Grove Ave Detached $319,900 3 2 1577 423
18410 Indian Creek Dr Detached $324,000 4 2 1739 6
1615 Hallinan St Detached $349,900 4 2 1500 4
1745 Mapleleaf Rd Detached $389,900 3 2 1518 3
598 Milburn Ct Detached $399,900 4 2.5 3036 6
31 Nova Ct Detached $423,000 4 2.5 2106 10
15939 Twin Fir Rd Detached $475,000 3 2 2480 483
1701 Highland Dr Detached $479,000 4 3 3126 66
18207 Westminster Dr Detached $489,000 4 2.5 2258 9
5880 Meadowcreek Ct Detached $625,000 3 2.5 2905 5
980 B Ave Detached $679,900 3 2.5 2999 90
1667 Village Park Ln Detached $849,000 5 3.5 5027 74
14530 Uplands Dr Detached $929,000 4 3.5 3998 228
760 7th St Detached $969,000 4 4.5 4536 33
310 Iron Mountain Blvd Detached $987,000 4 2.5+.5 3503 539
17282 Lake Haven Dr Detached $1,050,000 4 2.5 3664 41

SOLD (May 13-19, 2013)

Address Type List Price Closed Price Sq Ft CDOM
3433 McNary Pkwy #106 Condo $124,900 $114,900 1008 30
4 Touchstone #152 Condo $140,000 $135,000 1351 35
63 Greenridge Ct Attached $270,000 $270,000 1788 1
1505 Eastview Ct Detached $499,900 $325,000 2,887 513
4264 Westbay Rd Detached $369,000 $380,000 1308 12
4471 Chapman Way Detached $395,000 $395,000 1989 1
15495 Tanager Dr Detached $450,000 $405,000 2255 140
1429 Greentree Circle Detached $472,900 $445,000 2599 298
4986 Mulholland Dr Detached $469,900 $465,000 2503 3
7 Hillshire Dr Detached $499,500 $499,500 2978 3
5624 Southwood Dr Detached $575,000 $535,000 3120 6
1267 Cherry Ln Detached $615,000 $615,000 3311 0
5148 Woodcrest Ln Detached $665,000 $655,000 3110 8
868 7th St Detached $729,000 $686,000 2690 26
1670 Village Park Ln Detached $779,000 $715,000 3466 44
17625 Woodhurst Pl Detached $949,000 $920,000 4197 206
13068 Knaus Rd Detached $1,699,000 $1,265,000 6512 267

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 ~ May 6-12, 2013

FamilyI think Dianne said it best last week…. real estate has become fun again! People are pursuing their dreams… upsizing, downsizing, moving closer to work, getting that backyard gardening space or that basement they’ve always wanted… and getting that interest rate they’ve always wanted too! : ) It’s really fun for us to be a part of helping those things to happen. Not that there aren’t challenges, and people still fighting through those (we like helping these people too), but the general market “feeling” is on the upswing.

Last week there were 20 New properties going on the market in Lake Oswego, 27 that went to Pending status, and 16 that Sold/Closed.

Here are further details regarding last week’s Market Activity according to RMLS:

NEW SALES (May 6-12, 2013):

Address List Price # Beds # Baths Total SF Prop Type
4 TOUCHSTONE DR #146 $108,000 2 2 979 CONDO
11 Oswego Summit #11 $149,000 2 2 1212 CONDO
88 KINGSGATE RD $299,500 3 2.1 1675 DETACHD
18410 INDIAN CREEK DR $324,000 4 2 1739 DETACHD
85 LAUREL ST $360,000 4 3 2820 DETACHD
5745 SW WINDFIELD LOOP $369,900 3 2.1 1885 DETACHD
31 NOVA CT $423,000 4 2.1 2106 DETACHD
42 SPINOSA $439,900 3 2.1 2056 DETACHD
16147 LAKE FOREST BLVD $459,500 4 3 2889 DETACHD
15 SPINOSA $459,900 3 3 2300 DETACHD
18207 WESTMINSTER DR $489,000 4 2.1 2258 DETACHD
2250 PARK RD $554,000 3 2 2041 DETACHD
15988 WHITE OAKS DR $575,000 4 2.1 2854 DETACHD
6 JUAREZ ST $579,000 4 3.1 3865 DETACHD
5880 MEADOWCREEK CT $625,000 3 2.1 2905 DETACHD
18255 TAMAWAY DR $649,000 4 2.1 3457 DETACHD
1941 WOODLAND TER $699,000 4 3 3684 DETACHD
19233 INDIAN SPRINGS RD $769,900 4 4.1 3423 DETACHD
1505 LAKE FRONT RD $2,250,000 4 3.1 4927 DETACHD
13599 Knaus RD $2,699,000 5 7 6874 DETACHD

PENDING SALES (May 6-12, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
668 MCVEY AVE #44 $104,900 1 1 636 CONDO 230
4000 CARMAN DR #71 $120,000 2 2 834 CONDO 1
750 1ST ST D24 $165,000 2 2 1350 CONDO 335
1755 KILKENNY RD $275,000 3 1 1725 DETACHD 10
1330 HEMLOCK ST $285,000 3 1 2730 DETACHD 49
1425 GREENTREE CIR $339,000 3 2 1809 DETACHD 8
4664 FIRWOOD RD $349,900 3 2 1665 DETACHD 2
6109 SW BURMA RD $349,900 3 2 1318 DETACHD 187
536 2ND ST $379,000 2 2.1 1394 CONDO 13
1257 HALLINAN CIR $385,000 4 2.1 2548 DETACHD 9
17866 LAKE HAVEN DR $410,000 4 2.1 2078 DETACHD 3
15540 PARTRIDGE DR $419,900 4 3 2203 DETACHD 14
1407 GREENTREE CIR $439,000 4 2.1 2201 DETACHD 8
1952 PARK FOREST AVE $444,900 5 3 2856 DETACHD 28
14520 RAINBOW DR $445,500 4 2 2405 DETACHD 49
3600 UPPER DR $469,900 4 2 2755 DETACHD 1
1525 MAPLE ST $489,000 4 3 2800 DETACHD 5
13276 DEERFIELD CT $499,000 4 2.1 3066 DETACHD 60
2464 MARYLHAVEN PL $529,900 4 2.1 2898 DETACHD 99
12723 ADRIAN CT $559,950 4 3 3219 DETACHD 35
32 HILLSHIRE DR $589,900 4 2.1 3605 DETACHD 68
135 MIDDLECREST RD $599,000 3 2.1 2882 DETACHD 302
14120 REDWOOD CT $619,000 4 2.1 2755 DETACHD 88
2002 CEDAR CT $659,000 3 2 2945 DETACHD 20
2643 SW RIVENDELL RD $727,000 5 3.1 3466 DETACHD 4
17625 WOODHURST PL $949,000 4 4.1 4197 DETACHD 206
17152 CEDAR RD $1,197,500 4 2.1 3034 DETACHD 35

SOLD (May 6-12, 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
5813 SW KENNYCROFT WAY $222,000 $208,000 3 1 1182 DETACHD 3
21 GREENRIDGE CT $260,000 $250,000 3 1.1 1815 CONDO 141
16232 BONAIRE AVE $279,900 $280,000 4 2.1 1792 DETACHD 17
821 EVERGREEN RD $394,900 $401,972 2 1 920 DETACHD 10
14221 DOLPH CT $465,000 $463,000 3 2.1 2100 DETACHD 2
13437 PROVINCIAL HILL WAY $579,900 $565,000 4 2.1 2833 DETACHD 38
318 NORTHSHORE RD $575,000 $575,000 3 2.1 2735 DETACHD 1
2960 WEMBLEY PARK RD $695,000 $660,000 4 2.1 2000 DETACHD 252
3315 CEDAR CT $744,000 $730,000 4 3.1 3712 DETACHD 46
4190 CHAD DR $749,500 $749,500 4 3.1 3756 DETACHD 18
1301 HORSESHOE CURV $795,000 $825,000 3 3 2060 DETACHD 3
3115 Wembley Park RD $895,000 $870,000 4 3.1 3600 DETACHD 523
17642 UPPER CHERRY LN $1,085,000 $949,000 4 3.1 3806 DETACHD 561
17225 KELOK RD $1,195,000 $1,195,000 4 3.1 4357 DETACHD 474
13060 KNAUS RD $1,299,000 $1,200,000 4 3.1 4353 DETACHD 264
1677 LESLIE LN $1,840,000 $1,750,000 4 6.1 7534 DETACHD 364

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 ~ Happenings & Market Data

  • Oswego-LakeDuring the period of May 15th and August 31st, Lake Oswego Police will be conducting undercover operations using decoys to determine whether establishments are serving alcohol to underage individuals.  Lake Oswego is being proactive in implementing this program to circumvent alcohol-related incidents involving minors in Lake Oswego.  According to the Dept of Health & Human Services and the Center for Disease Control and Prevention: Underage alcohol use is a major public health problem. Alcohol is the most commonly used drug in the United States, more than tobacco and illicit drugs, and is responsible for 4,700 deaths of underage persons annually.
  • The 37th Annual “Lake Run” will be held in Lake Oswego on Saturday, May 11th. There will be a kids dash, a 5k for walkers or runners, and a 10k challenge with an “improved new route”.  This event draws thousands every year.  Come enjoy the fun in Millenium Plaza Park with entertainment, lots of great food, and exposition booths.  For more information CLICK HERE.
  • The 2013 Community Survey results show, among other things, that:

* Overall, residents rate the city 8.6 on a 10-point scale, so satisfaction is high as “a place to live”.

* Residents let their “grade” for satisfaction with local government slip to 3.3 on a 5-point scale.  (This is down .1 since 2010, and .5 since 2005)

* 52%, a majority, agree that the city makes efficient use of tax dollars.

* As for the most popular sources of information, 63% of Lake Oswego residents get their information from the Lake Oswego Review and 58% from the Hello LO newsletter among other publications.

* For the detailed report CLICK HERE.

  • Here is a bit of data illustrating how Lake Oswego compares in context with the larger Portland market (you may want to zoom… sorry for the small-ish image…. interesting though, eh?):

Portland May 2013

***Note that Appreciation is based on a comparison of the rolling average sale price for the last 12 months (4/1/12-3/31/13) with the 12 months prior (4/1/11-3/31/12). Days on Market is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, DOM continues to accrue; however, it does not include the time that it was off the market

 

Market Activity April 29-May 5, 2013

I’ve got to say that real estate has become fun again. It is so nice to have happy people to work with and all of this gorgeous spring weather. Buyers are happy because prices are good and interest rates are low. Sellers are happy because their homes are selling quickly at and above the list price. All the way around it’s a win/win.

Last week in Lake Oswego there were 19 new listings, 34 pending sales, and 21 closed sales.

Here are further details regarding last week’s Market Activity, according to RMLS:

NEW SALES (Apr 29-May 5, 2013):

Address Type Price BR Bths SF
5225 Jean Rd #401 Condo $169,900 2 2 1080
16250 Pacific Hwy #45 Condo $195,000 2 2 1311
13 Erasmus St Attached $234,900 2 2.5 1256
4260 Southshore Blvd Detached $319,000 2 2 1268
1425 Greentree Circle Detached $339,000 3 2 1809
1407 Greentree Circle Detached $459,000 4 2.5 2201
14360 Uplands Dr Detached $468,000 4 2.5 2943
805 Hemlock St Detached $474,900 4 3 2491
303 Lake Bay Ct Detached $485,000 3 2.5 1560
2188 Overlook Dr Detached $499,900 4 2.5 2618
15964 Parker Rd Detached $549,900 3 2.5 2936
4846 Lower Dr Detached $589,900 5 4 2650
4311 Orchard Way Detached $614,000 3 2.5 2804
4850 Lower Dr Detached $624,900 4 3 2611
17151 Wall St Detached $675,000 5 4 4141
13680 Knaus Rd Detached $799,000 3 2.5 3006
4540 Lamont Way Detached $949,950 4 2.5 3555
2240 Summit Ct Detached $2,595,000 3 3.5 5036
1719 Lake Front Rd Detached $3,399,000 4 5.5 5251

PENDING SALES (Apr 29-May 5, 2013)

Address Type Price BR Baths SF DOM
4 Touchstone #68 Condo $112,500 2 2 984 6
45 Eagle Crest #305 Condo $124,700 2 1.5 1056 44
1127 Cedar St Detached $219,000 1 1 1070 37
16164 Parker Rd Detached $219,900 3 1 1080 282
5333 Tree St Detached $259,500 3 1 1114 2
14854 Twin Fir Rd Detached $297,500 3 2 1287 13
102 Kingsgate Rd Detached $305,000 3 2.5 1727 3
14 Polonius Detached $329,900 4 4 2828 10
13901 Sundeleaf Dr Detached $359,900 4 3 1900 103
1297 Hide A Way Detached $367,500 3 2.5 1832 3
1651 Larch ST Detached $369,900 4 3 2225 3
1257 Hallinan Circle Detached $375,000 4 2.5 2548 2
2510 Park Rd Detached $395,000 3 2.5 1960 0
3554 Tempest Dr Detached $399,000 3 2.5 2279 3
18962 Terry Ave Detached $412,500 4 2 1860 6
17438 Cardinal Dr Detached $420,000 4 2.5 2286 29
22 Othello St Detached $429,900 3 2.5 2168 3
4914 Mulholland Dr Attached $439,900 3 2.5 2500 2
6132 Summer Woods Detached $515,000 4 2.5 2811 3
4007 Bass Ln Detached $517,900 4 3 2701 46
13658 Shireva Dr Detached $549,900 3 3 3502 31
720 Maple St Detached $619,000 3 2.5 3966 483
108 3rd St Detached $625,000 1 1 1017 363
320 Berwick Rd Detached $649,000 3 2 2780 2
17363 Grandview Ct Detached $649,900 3 3.5 4218 89
1579 Bay View Ln Detached $659,698 4 3 4685 133
13554 Peters Rd Detached $709,000 3 3 3036 90
2860 Upper Dr Detached $748,500 4 3.5 3938 101
940 Cumberland Rd Detached $799,000 4 3 3062 71
2371 Palisades Crest Dr Detached $849,000 4 3 4182 2
4245 Westbay Rd Detached $949,000 3 2 1966 9
13728 Knaus Rd Detached $1,025,000 4 3.5+.5 4041 2
1075 Chandler Rd Detached $1,495,000 5 4.5 5710 21
907 Terrace Dr Detached $1,795,000 4 4.5+.5+.5 6919 572

SOLD (Apr 29-May 5, 2013)

Address Type List Price Closed Price Sq Ft CDOM
5831 Seville Ave Detached $185,000 $170,000 1320 126
5053 Foothills Dr H Condo $200,000 $191,200 1252 8
5020 Lakeview Blvd Detached $239,900 $242,900 1192 1
1287 Boca Ratan Dr Condo $275,000 $275,000 1,611 63
12439 Orchard Hill Rd Detached $345,000 $345,000 1513 2
2593 Greentree Rd Detached $359,900 $359,900 2215 7
1621 Larch St Detached $395,000 $362,000 3040 138
29 Partridge Ln Detached $419,000 $397,300 3109 228
5099 Galen St Detached $429,500 $429,500 2246 3
16621 Graef Circle Detached $499,500 $437,500 2170 21
18895 Indian Springs Rd Detached $439,000 $444,000 2860 20
17125 Warren Ct Detached $489,900 $482,750 2705 5
5450 Bay Creek Dr Detached $525,000 $520,000 2386 5
16792 Quail Ct Detached $562,950 $535,500 3050 163
1492 Glenmorrie Dr Detached $569,000 $549,000 4096 174
4767 Dogwood Dr Detached $769,900 $660,000 3964 495
2088 Lilli Ln Detached $675,000 $665,000 4101 16
3300 River Woods Pl Detached $759,000 $755,000 3642 2
4311 Haven St Detached $864,000 $868,000 3816 16
1000 Upper Devon Ln Detached $995,000 $870,000 3535 472
2057 Summit Dr Detached $995,000 $975,000 4589 170

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