Category: Market Activity

Real Estate Market Statistics for Lake Oswego, Oregon

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Market Activity Feb 18-24, 2013

Lake Oswego had 18 new listings enter the market last week, along with 18 homes that received accepted offers and 9 closed sales. What stood out for me, as I looked through the closed sales, is that 3 of the nine sold over the list price, including the house on Middlecrest that sold $51,000 over the list price. Sounds like aggressive multiple offers likely happened on that property.

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

NEWLY LISTED (Feb 18-24, 2013)

Address Type Price BR Bths SF
174 Oswego Summit Condo $189,900 2 2 1506
10 Oriole Ln Detached $234,900 2 2 1654
3269 Phyllis Ct Detached $339,900 3 1.5+.5 1711
6024 Fernbrook Circle Detached $349,900 3 2 1470
17618 Blue Heron Rd Detached $399,900 4 2 2250
4909 Mulholland Dr Attached $428,000 2 2.5 2403
3110 Royce Way Detached $460,000 4 2.5 2732
16621 Graef Circle Detached $499,500 3 1.5 2170
5554 Luce Ln Detached $589,900 5 3 3234
5711 Victoria Ct Detached $610,000 4 2.5 2768
1873 Oak St Detached $635,000 3 2.5 3576
12635 Adrian Ct Detached $649,000 4 2.5 2501
3826 Upper Dr Detached $679,000 3 3 3226
435 8th St Detached $699,900 3 3.5 2394
3315 Cedar Ct Detached $744,000 4 3.5 3712
940 Cumberland Rd Detached $799,000 4 3 3062
Ash St Detached $1,200,000 4 3.5 3600
1475 Chandler Rd Detached $1,595,000 5 4.5 4561

PENDING SALES (Feb 18-24, 2013)

Address Type Price BR Baths SF DOM
92 Cervantes Cir 11-E Condo $104,900 2 1.5 912 182
15275 Boones Way Attached $252,000 2 2 1320 3
466 5th St #14 Condo $269,731 2 1.5 1092 175
2367 Glenmorrie Dr Detached $275,000 2 2 2132 273
2550 Greentree Rd Detached $359,900 4 3 2852 135
1659 Oak St Detached $364,900 3 2.5 1885 62
5499 Royal Oaks Dr Detached $384,900 3 2 1780 179
4857 Sage Hen Way Detached $429,000 4 3 2048 4
762 Maple St Detached $479,000 3 2.5 2417 28
18343 Deerbrush Ave Detached $489,000 4 2.5 2611 3
12926 Rogers Rd Detached $565,000 4 3 2276 13
3000 Brookside Rd Detached $598,000 3 2.5 1600 252
5088 Woodcrest Ln Detached $599,900 4 2.5 3056 199
5028 Woodcrest Ln lot 14 Detached $618,888 4 2.5 3063 218
6135 McEwan Rd Detached $649,900 2 1 1104 636
5064 Woodcrest Ln lot 11 Detached $649,900 4 2.5 3215 209
2065 Lilli Ln Detached $695,000 5 3.5+.5 4112 116
3174 Douglas Circle Detached $999,000 5 4.5 4600 23

SOLD (Feb 18-24 2013)

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Address Type List Price Closed Price Sq Ft CDOM
5060 Foothills Rd D Condo $239,000 $230,000 1252 7
232 Greenridge Dr Attached $285,000 $250,000 1492 125
620 Middlecrest Rd Detached $219,000 $270,000 884 20
19176 Benfield Ave Detached $299,000 $300,000 1538 15
18275 Pilkington Rd Detached $329,000 $345,000 2088 9
14598 Wilmot Way Detached $369,000 $365,000 1960 10
136 D Ave Attached $459,000 $405,000 1754 139
13364 Atwater Ln Detached $1,479,000 $1,250,000 5776 187
3917 Southshore Blvd Detached $2,150,000 $1,750,000 4657 214

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 11-17, 2013

We saw 8 New properties enter the market, 19 go to Pending status and 10 Sell during the last 7-day period in Lake Oswego.

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

NEWLY LISTED (Feb 11-13, 2013)

Address List Price # Beds # Baths Total SF Prop Type
70 GALEN ST $135,000 2 1 923 CONDO
56 SW GREENRIDGE CT $259,000 3 2.1 1996 CONDO
4700 LOWER DR $339,000 3 2.1 1747 DETACHD
332 4th ST $399,900 2 2.1 1731 ATTACHD
18221 BICKEL CT $599,000 3 2.1 3864 DETACHD
14120 REDWOOD CT $619,000 4 2.1 2755 DETACHD
980 B AVE $714,900 3 2.1 2999 DETACHD
4912 FIRWOOD RD $999,888 4 4 5640 DETACHD

PENDING SALES (Feb 11-17, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
1547 BOCA RATAN DR $175,900 2 1.1 1008 ATTACHD 28
222 CERVANTES D $182,963 3 1 1464 CONDO 13
16989 TUALATIN ST $247,000 3 2.1 1491 DETACHD 610
6426 Frost ST $329,900 4 3 2276 DETACHD 136
5324 LOWER DR $345,000 3 2.1 2034 DETACHD 84
18959 KRISTI WAY $350,000 3 2 1778 DETACHD 0
517 LAUREL ST $359,900 4 3 2834 DETACHD 10
15495 TANAGER DR $399,900 4 2.1 2255 DETACHD 106
57 TOUCHSTONE $420,000 4 3 2465 DETACHD 57
15585 PARTRIDGE DR $444,995 4 2.1 2604 DETACHD 274
17147 Warren CT $449,900 4 2.1 2522 DETACHD 3
15655 FIELDSTONE DR $589,500 4 2.1 2750 DETACHD 339
12424 ORCHARD HILL RD $589,950 3 3 2889 DETACHD 167
17980 MEADOWLARK LN $645,000 3 2.1 3252 DETACHD 1
13536 STREAMSIDE DR $649,000 4 3.1 2857 DETACHD 22
2618 PALISADES CREST DR $749,900 5 3.2 5169 DETACHD 220
1255 ANDREWS RD $785,000 6 4 4408 DETACHD 162
15150 Glen Eagles CT $799,900 3 2.2 2839 DETACHD 22
5303 AMBERWOOD CT $810,000 3 2.1 3274 DETACHD 4

SOLD (Feb 11-17 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #26 $74,900 $65,000 2 1 932 CONDO 521
3958 CARMAN DR $134,900 $134,900 2 2.1 1133 CONDO 260
4 TOUCHSTONE #116 $150,000 $150,000 3 2.1 1351 CONDO 67
3433 MCNARY PKWY #805 $163,500 $150,500 2 2.1 1136 CONDO 68
4071 JEFFERSON PKWY #102 $169,900 $165,000 3 2.1 1228 CONDO 3
3545 UPPER DR $344,500 $325,000 3 2 1350 DETACHD 101
4231 SUNSET DR $437,500 $354,000 3 2 2229 DETACHD 122
17002 CRESTVIEW DR $395,000 $390,000 3 2.1 2163 DETACHD 34
2390 GREENTREE RD $429,000 $405,000 3 2.1 2380 DETACHD 6
3423 LAKE GROVE AVE $849,000 $630,000 4 3.1 4324 DETACHD 420

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 4-10, 2013

Last week in Lake Oswego there were 10 new listings, 12 houses that went into pending status, and 3 closed sales. I think the short list of closed sales reflects that 45 days ago we were in the midst of the holidays. And with just 10 new listings and 12 pending sales, inventory remains tight.

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

NEWLY LISTED (Feb 4-10, 2013)

Address Type Price BR Bths SF
284 Cervantes Circle Condo $104,500 2 2 1052
205 Cervantes #205 Condo $130,000 2 1.5 1216
206 Oswego Summit Condo $200,000 2 2 1506
67 Condolea Terrace Condo $300,000 3 3 2373
18903 Terry Ave Detached $379,000 3 2 1458
12926 Rogers Rd Detached $565,000 4 3 2776
17980 Meadowlark Ln Detached $645,000 3 2.5 3252
17363 Grandview Ct Detached $695,000 4 3.5+.5 4218
5303 Amberwood Ct Detached $810,000 3 2.5 3274
18218 Meadowlark Ln Detached $1,695,000 5 6.5 8320

PENDING SALES (Feb 4-10, 2013)

Address Type Price BR Baths SF DOM
47 Eagle Crest Dr #26 Condo $74,900 2 1 932 521
21 Greemrodge Ct Condo $260,000 3 1.5+.5 1815 106
18816 Longfellow Ave Detached $287,500 3 1 1033 15
1449 Greentree Ave Detached $299,900 4 3 1696 139
959 Lee St Detached $329,000 3 2 2340 28
15721 Boones Way Detached $329,000 3 2 1920 0
12 Abelard St Detached $339,000 4 2.5 2344 6
17802 Treetop Ln Detached $529,000 4 3.5 3655 370
19592 Perch St Detached $529,950 4 2.5 2800 6
17065 Tualatin St Detached $578,950 3 2.5 2733 17
4767 Dogwood Dr Detached $699,999 4 2.5 3964 495
4033 Westbay Rd Detached $1,195,000 4 3.5 3691 30

SOLD (Feb 4-10 2013)

Address Type List Price Closed Price Sq Ft CDOM
17 Condolea Dr Condo $350,000 $338,000 2198 197
1172 Troon Rd Detached $599,000 $539,000 2504 220
1572 Highland Detached $334,500 $334,500 1950 6

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

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Market Activity ~ Jan 28-Feb 3, 2013

Activity is steady with 16 New on the market, a whopping 32 Pending and 19 Sold during the last 7-day period in Lake Oswego. It was apparently “Condo Week” for accepted offers, as nearly 1/3 of those were indeed for Condos.

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

NEWLY LISTED (Jan 28-Feb 3, 2013)

Address List Price # Beds # Baths Total SF Prop Type
47 EAGLE CREST DR #30 $65,500 1 1 666 CONDO
222 CERVANTES #D $182,963 3 1 1464 CONDO
517 LAUREL ST $359,900 4 3 2834 DETACHD
19592 PERCH CT $529,950 4 2.1 2800 DETACHD
19226 MEGAN PL $549,500 3 2.1 3392 DETACHD
15950 PARKER RD $562,500 4 2.1 2611 DETACHD
524 WEIDMAN CT $649,000 4 2.1 3450 DETACHD
1670 VILLAGE PARK LN $749,500 4 2.1 3466 DETACHD
280 E AVE $799,000 4 2.1 2500 DETACHD
17775 KELOK RD $868,950 4 2.1 2882 DETACHD
17787 CARDINAL DR $899,950 4 3 3002 DETACHD
14106 Goodall RD $939,500 4 3.1 3597 DETACHD
13600 Goodall RD Lot2 $1,349,000 4 4.1 4363 DETACHD
13600 Goodall RD Lot1 $1,499,000 4 4.1 5699 DETACHD
333 NORTHSHORE RD $2,995,000 4 4.1 5150 DETACHD

PENDING SALES (Jan 28-Feb 3, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
26 CRESTFIELD CT $84,900 2 2 989 CONDO 11
47 EAGLE CREST DR #42 $98,000 2 1 932 CONDO 24
47 EAGLE CREST DR C31 $99,000 2 1 1009 CONDO 112
245 CERVANTES $110,000 2 2 1265 CONDO 10
4 TOUCHSTONE #148 $120,000 3 2.1 1351 CONDO 95
44 EAGLE CREST DR #18 $128,000 3 2 1085 CONDO 43
668 McVey AVE #35 $156,500 1 1 636 CONDO 16
4310 BOTTICELLI ST #9 $158,000 2 2.1 2098 CONDO 116
5060 FOOTHILLS DR D $239,000 2 2 1252 CONDO 7
3787 LANEWOOD ST $245,000 3 2 1300 DETACHD 275
6438 FROST ST $319,900 3 2.1 2205 DETACHD 26
6414 Frost ST $339,900 3 2.1 2205 DETACHD 125
921 G AVE $420,000 3 2.1 1527 DETACHD 4
136 D AVE $439,000 2 2.1 1754 ATTACHD 139
2709 ORCHARD HILL PL $440,000 3 2 2098 DETACHD 6
101 3RD ST $474,000 3 2 1447 CONDO 3
12820 SW ALTO PARK RD $499,000 2 1 1132 DETACHD 171
686 SUNNY HILL DR $499,900 4 2.1 2392 DETACHD 15
1021 YATES ST $500,000 3 2.1 1985 DETACHD 12
2927 TOLKIEN LN $579,000 4 2.1 2819 DETACHD 220
50 BECKET ST $595,000 4 2.1 4216 DETACHD 260
1131 DEVON LN $599,990 3 3.1 3179 DETACHD 153
2960 WEMBLEY PARK RD $695,000 4 2.1 2000 DETACHD 203
13315 HIDDEN BAY CT $700,000 5 2.1 3671 DETACHD 5
12840 SW ALTO PARK RD $750,000 2 2.1 3632 DETACHD 170
3951 CHILDS RD $769,900 4 3.1 3890 DETACHD 110
481 9 ST $879,000 4 3.1 2813 DETACHD
1291 LAKE GARDEN CT $897,500 3 3 3254 DETACHD 236
3174 DOUGLAS CIR $999,000 5 4.1 4600 DETACHD 1
18785 WESTVIEW DR $1,795,000 5 3.3 5508 DETACHD 274
3142 LAKEVIEW BLVD $3,595,000 4 5 5554 DETACHD 270

SOLD (Jan 28-Feb 3 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD E-201 $96,300 $104,000 2 2 938 CONDO 13
216 RIDGEWAY RD #14D $133,000 $112,400 2 1 914 CONDO 74
3994 SW CARMAN DR $195,000 $153,000 2 2.1 1146 CONDO 325
4450 THUNDER VISTA LN $145,000 $155,000 2 2.1 2040 CONDO 148
5059 FOOTHILLS DR F $165,000 $185,000 2 2 997 CONDO 31
3101 MCNARY PKWY #10 $249,900 $208,250 3 2.1 1986 ATTACHD 53
5099 GALEN ST $289,900 $240,000 4 2.1 2246 DETACHD 109
6450 FROST ST $347,500 $309,900 4 2.1 2216 DETACHD 111
4750 AUBURN LN $399,500 $389,500 3 3.1 2679 ATTACHD 240
84 BERWICK RD $549,000 $525,000 5 3 3305 DETACHD 126
290 IRON MOUNTAIN BLVD $595,000 $565,000 1 1 1432 DETACHD 8
1455 TIMBERLINE DR $659,900 $630,000 4 3 3554 DETACHD 336
1943 INDIAN TRAIL $799,000 $790,000 3 2.1 2960 DETACHD 6
454 9TH ST $879,000 $845,000 3 4 2978 DETACHD 73
1560 COUNTRY COMMONS $949,000 $914,000 4 3.1 4379 DETACHD 91
2180 PRESTWICK RD $1,000,000 $1,000,000 3 3.1 2391 DETACHD 0
13083 KNAUS RD $2,200,000 $1,900,000 3 3 3200 DETACHD 0
1800 NORTHSHORE RD $3,795,000 $3,145,000 4 6.1 7660 DETACHD 83

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

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Market Activity Jan 21-27, 2013

Last week in Lake Oswego we had 17 houses come onto the market, 18 houses receive accepted offers, and 9 closed sales.
Here are further details on last week’s Market Activity:

NEWLY LISTED (Jan 21-27, 2013)

Address Type Price BR Bths SF
18 Crestfield Ct Condo $105,000 2 1 923
245 Cervantes Condo $110,000 2 2 1265
16250 Pacific Hwy #79 Condo $125,000 1 1 859
5060 Foothills Dr Condo $239,000 2 2 1252
1287 Boca Ratan Dr Condo $275,000 3 2 1670
2256 Glenmorrie Dr Detached $325,000 3 2 1628
497 Livingood Ln Detached $390,000 3 2.5 2144
4917 Mulholland Dr Attached $420,000 2 2.5 2403
2709 Orchard Hill Pl Detached $440,000 3 2 2098
762 Maple St Detached $479,000 3 2.5 2417
2464 Marylhaven Pl Detached $539,000 4 2.5 2898
13536 Streamside Dr Detached $649,000 4 3.5 2857
17393 Grandview Ct Detached $659,900 4 3.5 3672
13315 Hidden Bay Ct Detached $700,000 5 2.5 3671
2860 Upper Dr Detached $768,950 5 3.5 3768
15150 Glen Eagles Ct Detached $799,900 3 2.5+.5 2839
17340 Cardinal Dr Detached $885,000 4 3 3417

PENDING SALES (Jan 21-27, 2013)

Address Type Price BR Baths SF DOM 66 Oswego Summit Condo $74,900 1 1 764 12 3958 Carman Dr Condo $134,900 2 2.5 1133 260 3285 Childs Rd Detached $207,100 4 3 2780 183 6462 Frost St Detached $309,900 3 2.5 2205 117 5675 Childs Rd Detached $359,900 2 2.5 1644 99 14598 Wilmot Way Detached $369,000 4 2.5 1960 10 979 Devon Ln Detached $385,000 3 3.5 2162 192 1645 Aspen St Detached $425,000 3 2.5 1916 5 13340 Auburn Ct Attached $432,900 3 2.5 601 13366 Auburn Ct Attached $434,000 3 2.5 2492 82 13080 Princeton Ct Detached $463,900 5 3 3661 180 2011 Ridgewood Ln Detached $480,000 5 3.5 3012 716 4673 Lakeview Blvd Detached $500,000 3 2 2061 5 3423 Lake Grove Ave Detached $612,750 4 3.5 4324 420 1420 Hoodview Ln Detached $745,000 4 3 3323 5 2618 Palisades Crest Detached $749,900 5 3.5+.5 5169 198 567 6th St Detached $825,000 4 3.5 2568 7 786 7th St Detached $879,000 3 3.5 2825 84

SOLD (Jan 21-27 2013)

Address Type List Price Closed Price Sq Ft CDOM
5195 Firwood Rd Detached $251,000 $251,000 $196,000 1886 246
1237 Hallinan Circle Detached $251,000 $269,900 $258,000 1284 4
4231 Woodside Circle Attached $298,500 $267,500 1943 174
4150 Upper Dr Detached $251,000 $329,000 $285,000 1738 27
6474 Frost St Detached $251,000 $347,500 $310,000 2216 110
36 Nova Ct Detached $251,000 $360,000 $352,500 2,256 20
4360 Upper Dr Detached $251,000 $415,000 $405,000 2434 20
15225 Candlewood Ct Detached $251,000 $469,900 $430,000 2758 239
18175 Pilkington Rd Detached $251,000 $574,900 $602,500 3164 13

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

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Market Activity~Jan 14-20, 2013

Activity is good with 17 New on the market, 8 Pending and 10 Sold during the last 7-day period in Lake Oswego.

Here are further details on last week’s Market Activity:

NEWLY LISTED (Jan 14-20, 2013)

Address List Price # Beds # Baths Total SF Prop Type
26 CRESTFIELD CT $84,900 2 2 989 CONDO
1547 BOCA RATAN DR $188,950 2 1.1 1008 ATTACHD
885 MCVEY AVE $219,900 3 1 1292 DETACHD
14598 WILMOT WAY $369,000 4 2.1 1960 DETACHD
16901 LAKERIDGE DR $375,000 4 3 2080 DETACHD
13901 SUNDELEAF DR $379,900 4 3 1900 DETACHD
686 SUNNY HILL DR $499,900 4 2.1 2392 DETACHD
4673 Lakeview BLVD $500,000 3 2 2061 DETACHD
1021 YATES ST $500,000 3 2.1 1985 DETACHD
559 2ND ST #206 $570,000 2 2 1420 CONDO
19342 RIVERWOOD LN Lot 6W $579,900 4 2.1 2806 DETACHD
13059 AMBER PL $589,800 5 3 3240 DETACHD
18020 JENIFERS WAY $589,800 4 2.1 2966 DETACHD
1255 BAYBERRY RD $674,900 3 2 2140 DETACHD
96 GARIBALDI ST $769,900 3 3.1 4819 DETACHD
567 6TH ST $825,000 4 3.1 2568 DETACHD
18132 SIENA DR $1,089,000 4 3.1 3565 DETACHD

PENDING SALES (Jan 14-20, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD E201 $96,300 2 2 938 CONDO 13
4071 JEFFERSON PKWY 102 $169,900 3 2.1 1228 CONDO 3
1041 HEMLOCK ST $299,900 4 3 2623 DETACHD 170
980 C AVE $415,000 3 2 1312 DETACHD 110
621 COUNTRY CLUB RD $449,900 4 2.1 3303 DETACHD 185
1172 TROON RD $559,000 4 3.1 2504 DETACHD 220
18096 Pilkington RD $599,900 3 2.1 3182 DETACHD 272
568 9TH ST $799,900 3 3.1 2825 DETACHD 759

SOLD (Jan 14-20 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
36 AQUINAS ST $339,999 $305,000 3 2 1606 DETACHD 94
16747 BONAIRE AVE $349,900 $330,000 3 2 1610 DETACHD 86
1610 ASH ST $375,000 $365,400 3 2 2181 DETACHD 48
39 TANGLEWOOD DR $435,000 $417,000 4 3 3124 DETACHD 91
3838 RIVERS EDGE DR $525,000 $498,900 4 2.1 2806 DETACHD 57
444 10TH ST $549,000 $520,000 4 2 1876 DETACHD 88
2420 PALISADES CREST DR $699,500 $545,000 4 2.1 3471 DETACHD 188
5193 DENTON DR $635,000 $604,000 4 2.1 3076 DETACHD 114
543 2nd ST $699,000 $675,000 2 2 1816 CONDO 111
18137 MEADOWLARK LN $1,350,000 $1,150,000 4 4.1 5935 DETACHD 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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News & Notes

A few tips from Linda:

* Be cautious when looking into a “Lease Option” opportunity if one presents itself. For the Seller, it most always means that the bank can, at any time, call for all monies owing from you on the property per your mortgage’s “Due On Sale” clause, as you are technically transferring a form of ownership in an Option. I.e., you could be called upon to pay in full. Contrary to popular belief, setting up a Trust does not get you around the Due On Sale clause either. Best to consult with your Realtor, and/or attorney before embarking on an adventure like this : )
* Remember that all repairs agreed to in a transaction in the State of Oregon must be performed by a licensed, bonded contractor.
* Make sure to give your Lender plenty of time to “close” your transaction when writing your offer. Talk to your Realtor, and make sure to consult with your Lender to see about how long they need. Lately it is typically around 45 days, but each situation is different. Should you not meet your “on or before” closing date as per your Offer contract, the Seller could possibly accept another offer and keep your earnest money… just sayin’ : ) Now, most people will compromise and agree to an addendum extending the closing date, but you cannot guarantee that the Seller will agree to that… If they have, let’s say, received a better verbal offer than yours during the time it has taken to get from agreement to “not meeting” the closing date, they may just decide to opt to take that larger offer. Just a note of caution.

Let’s take a look at the recently released data on real estate for 2012.
Below is some information for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) activity:

According to the RMLS Market Action Report for the Portland Metro Area December, 2012. At 1,760, closed sales were 9.2% higher than December 2011 sales of 1,612. pending sales (or “Accepted Offers”) were down, however, with 1443 in December of 2011, and 1384 in December 2012… putting the market down by 4.1%.

  • 2012 racked up 32,300 new listings, 24,010 accepted offers, and 23,438 closed sales.
  • Compared to 2011, new listings are down 5.2%, pending sales are up by 16.2% overall, and closed sales are up 19.1%.
  • The average sale price in 2012 was $275,000, which is 4.4% higher than 2011’s $263,300.
  • ***AND… Total time on the market has dropped by 21.5% from 143 to 112 days.
  • The overall economic improvement and increase in volume has positively affected the numbers for total dollar volume which rose to $6.45 billion in 2012 from 2011’s $5.2 billion.
  • For our Property Blotter readers, the combined area of Lake Oswego and West Linn reported the following totals for 2012:
    • 2085 New Listings (68 in Dec’12)
    • 1389 Pending Sales (81 in Dec’12)
    • 1364 Closed Sales (108 in Dec’12)
    • An Average Sale Price of $434,800. ($512,100 in Dec’12!!)
    • Prices rose 1.5% in 2012 over 2011’s totals
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Market Activity Jan 7-13, 2013

As much as I love the holidays, I also love getting back at it with the new year. Yep, my phone is ringing!

Lake Oswego there were 7 new listings, 15 pending sales, and 8 closed sales.

Here are further details on last week’s Market Activity:

NEWLY LISTED (Jan 7-13, 2013)

Address Type Price BR Bths SF
66 Oswego Summit Condo $74,900 1 1 764
668 McVey Ave #35 Condo $156,500 1 1 656
980 C Ave Detached $415,000 3 2 1312
607 Ash St Detached $550,000 3 2.5 2200
4033 Westbay Rd Detached $1,195,000 4 3.5 3691
13400 Fielding Detached $1,600,000 3 1.5 3189
448 Country Club Rd Detached $1,795,000 4 3.5 4873

PENDING SALES (Jan 7-13, 2013 2012)

Address Type Price BR Baths SF DOM
55 Oswego Summit Condo $64,000 1 1 721 246
620 Middlecrest Rd Detached $249,000 2 1 884 20
5099 Galen St Detached $249,000 4 2.5 2246 109
232 Greenridge Dr Attached $257,000 3 2 1492 125
16909 Tracy Ave Detached $279,950 4 2 1499 88
6438 Frost St Detached $319,900 3 2.5 2205 3
3545 Upper Dr Detached $334,000 3 2 1350 101
1572 Highland Dr Detached $334,500 3 2 1950 6
18275 Pilkington Rd Detached $349,423 3 2 2088 9
5675 Childs Rd Detached $369,900 2 2.5 1644 87
2390 Greentree Rd Detached $429,000 3 2.5 2380 6
1231 Bayberry Rd Detached $439,000 3 2 1980 17
17702 Overlook Circle Detached $465,900 5 2.5 3490 32
539 2nd St #108 Condo $469,000 2 2 1339 27
18175 Pilkington Rd Detached $574,900 4 3.5 3164 13

SOLD (Jan 7-13, 2013)

Address Type List Price Closed Price Sq Ft CDOM
34 Cervantes Cir 4-F Condo $119,500 $110,000 912 21
5225 Jean Rd #314 Attached $159,900 $155,000 1500 139
44 Greenridge Ct Attached $209,900 $194,000 1996 407
668 McVey #72 Condo $279,500 $250,000 1184 76
18892 Indian Springs Cir Detached $329,000 $278,250 1611 129
17970 Saint Clair Dr Detached $467,950 $460,000 2,549 157
1 Dover Way Detached $799,000 $775,000 3559 32
8 Dover Way Detached $975,000 $950,000 6244 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~Dec 31, 2012-Jan 6, 2013

Happy New Year!
Activity is good with 7 New on the market, 8 Pending and 8 Sold during the last 7-day period in Lake Oswego.
You will notice, if you search for yourself, quite a few more that appear to be “New” on the market, but these are “refreshed” listings. Dianne and I like to present just the actually “New” properties coming on the market as reflected for you below.

Here are further details on last week’s Market Activity:

NEWLY LISTED (Dec 31, 2012-Jan 6, 2013)

Address List Price # Beds # Baths Total SF Prop Type
86 KINGSGATE RD E201 $96,300.00 2 2 938 CONDO
47 EAGLE CREST DR #42 $104,500.00 2 1 932 CONDO
18275 PILKINGTON RD $329,423.00 3 2 2088 DETACHD
1572 HIGHLAND DR $334,500.00 3 2 1950 DETACHD
2390 GREENTREE RD $429,000.00 3 2.1 2380 DETACHD
19310 RIVERWOOD LN Lt 9W $639,900.00 5 4 3110 DETACHD
1972 CHERYL CT $1,999,999.00 5 4.1 6952 DETACHD

PENDING SALES (Dec 31, 2012-Jan 6, 2013 2012)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4000 CARMAN DR #21 $94,500.00 2 2 885 CONDO 72
47 EAGLE CREST DR #C31 $99,000.00 2 1 1009 CONDO 88
5195 FIRWOOD RD $196,000.00 3 2 1886 DETACHD 246
4231 WOODSIDE CIR $267,500.00 3 2 1943 ATTACHD 174
6474 FROST ST $304,900.00 4 2.1 2216 DETACHD 110
6450 FROST ST $314,900.00 4 2.1 2216 DETACHD 111
4231 SUNSET DR $369,900.00 3 2 2229 DETACHD 122
17002 CRESTVIEW DR $395,000.00 3 2.1 2163 DETACHD 34

SOLD (Dec 31, 2012-Jan 6, 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
6207 HARRINGTON AVE $199,900.00 $211,000.00 3 1 960 DETACHD 3
18807 SW KRISTI WAY $269,900.00 $248,000.00 3 1.1 1256 DETACHD 6
18444 TUALATA AVE $299,000.00 $252,000.00 3 2 1192 DETACHD 206
1180 HALLINAN CIR $325,000.00 $300,000.00 3 2 1590 DETACHD 0
5682 CHARLES CIR $549,000.00 $529,000.00 4 2.1 3052 DETACHD 119
5047 WOODCREST LN 7east $679,336.00 $698,690.00 4 3.1 3602 DETACHD 0
1655 EDGECLIFF TER $1,175,000.00 $1,125,000.00 4 3.1 3416 DETACHD 182
18402 OLD RIVER LNDG $1,695,000.00 $1,451,250.00 4 4.1 4547 DETACHD 504

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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A New Year!

Oswego-LakeGreetings to all of our loyal and new Property Blotter readers!

As we enter our 5th year of publishing this insiders’ look at the Lake Oswego community and Real Estate scenes, we want to take a moment to thank you so much for your interest and patronage through the years! Dianne and I are as committed as ever to bringing you the micro-focused real estate information you count on, and also the perspective of Lake Oswego as part of the larger Portland Metro Area from time to time. Context is good… at least we think so : )

We both specialize in Lake Oswego property, considering the time we’ve spent living and working here, and we both also have been working all over the Greater Portland Area for many, many years, so please remember us if you know someone who needs a really experienced and reliable Realtor for any property “selling or buying adventure” in this larger geographic area!

Though our lives have changed through the years, the Property Blotter has remained constant, and we hope that you enjoy it as much as we do. Recently we have made one BIG change, and that is that we are now working with Oregon First Real Estate Company!  A change like this is the kind of thing that only occurs once in a very great while, and while we have been very pleased with our previous affiliation and will miss those with whom we’ve worked closely for some time, we are thrilled to be joining this vibrant, established local company with offices all over the Portland area and Vancouver!

Just for fun, I’ve pasted below our very first post from 2008, and after reading it, am feeling both nostalgic, and satisfied with the work we’ve committed ourselves to, and all we’ve accomplished with so many of you.

Happy New Year to each of you…. We toast YOU in 2013!

Welcome to the premier edition of the Property Blotter!

This blog is intended to be a fun and useful forum pertaining to real estate issues in the City of Lake Oswego. It will bring you information that directly reflects current market conditions.

It will also provide you with history of the area and insights into Lake Oswego’s vibrant community. You will find plenty of statistics and details about houses currently for sale and recently sold. You will also find neighborhood profiles and featured homes. And, yes, you’ll get commentary on local events and neighborhood happenings.

What you will not find is endless self-promotion and unneeded advertising. This is going to be a place to learn about Lake Oswego real estate and not a place that will waste your time. We don’t care for that sort of thing any more than you do.

And just who are we and why do we have any right to be doing this? We are Realtors who have each lived in Lake Oswego for some time and have been directly a part of this community. Between us we have 30 years of experience selling real estate in this fine community. Between us we have lived in Lake Oswego for 20 years. Our children have attended school here. We participated in sports here. We volunteered with local non-profits here. We know this town.

Lake Oswego is an amazing place to live. It is also seriously misunderstood. Yes, there are million-dollar homes in Lake Oswego. But more than money, Lake Oswego is a town that has people who care. It has always had great schools and so attracts families looking for excellent public schools. There are modest homes as well as lakeside estates.

If we are doing our job right, you’ll come away from this blog feeling like you know a bit more about what prices of homes are like, what is going on with local businesses, and what it is about LO that makes it a great place to live and to work. If you currently live here, you’ll know more about what your home may be worth. If you are thinking about moving here, you’ll know more about what to expect when you buy a home and what this community is like as a place to live.

So come along with us on this “blog-mobile”. It is going to be a great journey.