Category: Selling Advice

Advice for home sellers in Lake Oswego, Oregon

Posted on

News & Notes ~ April 2018

Greetings to our Property Blotter readers!  The market is in full swing~

Here is your look at the most recent data for the entire Portland area and how Lake Oswego fits in to this picture just below:

  • According to the RMLS Market Action Report for the Portland Metro Area, April, 2018:
    • There were 3,990 New Listings in April 2018 which was up 6.1% from April of 2017’s 3,759, and up 9.4% from the previous month/March of 2018’s total of 3,648.
    • At 2,523, April Closed Sales were up 13.7% from April 2017’s 3,088, and up 6.4% from the previous month/March 2018’s total of 2,371.
    • April’s Pending Sales (accepted offers), at 3,008 dropped 2.6% from April of 2017’s 3,043, but were up 3.9% from the previous month/March 2018’s total of 2,894
    • The Average Sale Price in April of $452,000 was up $23,200 from April 2017’s $428,800, and also up from March 2018’s $445,900 by $6,100.   

Neighborhoods: April’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $428,500              6.0%   (Mar 438,700)
  • NE Portland:  $491,000                   7.6%   (Mar 478,900)
  • SE Portland:  $422,400                   7.7%   (Mar 418,600)
  • Gresham/Troutdale:   $348,400   11.6%   (Mar 356,400)
  • Milwaukie/Clackamas:  $430,200  8.7%   (Mar 423,400)
  • Oregon City/Canby:   $419,300      6.5%   (Mar 396,500)
  • Lake Oswego/West Linn:$630,500 6.6%   (Mar 631,100)
  • West Portland:    $598,800             2.3%   (Mar 597,200)
  • NW Wash County:  $525,700          6.1%   (Mar 550,200)
  • Beaverton/Aloha:     $394,600        9.0%   (Mar 386,000)
  • Tigard/Wilsonville:   $491,900        8.4%   (Mar 456,700)
  • Hillsboro/Forest Grove: $389,700  9.2%   (Mar 403,800)

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for the month of April 2018 reported:

    •  341 Active Listings   (Mar 306)
    •  261 New Listings     (Mar 225)
    •  192 Pending Sales  (Mar 188)
    •  154 Closed Sales      (Mar 117)
    • Average Sale Price for April: $630,500  (Mar 631,100)
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month.  Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
    •  63 Average Days on the Market   (Mar 82)
Posted on

Market Activity ~ May 14-20, 2018

Last week 39 New properties entered the market in Lake Oswego, 31 moved to Pending status, and 19 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (May 14-20, 2018)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY #51 $169,000 1 1 620 CONDO
322 CERVANTES CIR/Grnd $190,000 2 1 832 CONDO
16250 PACIFIC HWY #51 $192,500 1 1 841 CONDO
20 CERVANTES CIR $200,000 2 1.1 912 CONDO
26 CERVANTES CIR $215,000 2 1.1 912 CONDO
44 EAGLE CREST DR #1 $230,000 2 1 908 CONDO
3672 SPRING LN #4A $329,900 2 2 1117 CONDO
3101 MCNARY PKWY #6 $395,000 3 2.1 1834 CONDO
668 MCVEY AVE #58 $415,000 3 1.1 992 CONDO
14332 SHERBROOK PL $524,900 3 2.1 1770 DETACHD
17268 FERNWOOD DR $525,000 3 2 2086 DETACHD
8 GROUSE TER $569,000 4 3 2658 DETACHD
5153 JEAN RD $570,000 8 3 2400 DETACHD
328 4TH ST $624,900 2 2.1 1731 TOWNHSE
4515 OAKRIDGE RD $630,000 3 2.1 1981 ATTACHD
13805 Regency CT $659,000 4 2.1 2087 DETACHD
5540 BAY CREEK DR $675,000 3 3 2130 DETACHD
605 COUNTRY CLUB RD $689,000 5 3.1 3422 DETACHD
2765 GLEN HAVEN RD $695,000 4 2.1 2277 DETACHD
17790 OVERLOOK CIR $699,900 4 3 3637 DETACHD
45 AQUINAS ST $699,900 4 2.1 2981 DETACHD
156 DEL PRADO ST $700,000 5 4 4862 DETACHD
17986 SAINT CLAIR DR $725,000 4 3 2750 DETACHD
12 JUAREZ ST $749,000 4 3.2 3735 DETACHD
17502 ERIN CT $749,900 4 3 3056 DETACHD
4 HILLSHIRE DR $804,950 4 2.2 3232 DETACHD
2398 PALISADES CREST DR $829,900 4 2.1 3362 DETACHD
5772 BAY CREEK DR $849,000 5 3 3242 DETACHD
1500 EASTVIEW CT $849,000 4 3.1 3946 DETACHD
13984 CHELSEA DR $864,900 4 2.1 3216 DETACHD
18269 TAMAWAY DR $885,000 4 2.1 3293 DETACHD
18018 GIMLEY CT $890,000 4 3 3612 DETACHD
17960 MEADOWLARK LN $899,000 4 3.1 3400 DETACHD
4145 CHAD DR $929,900 4 2.1 3337 DETACHD
18955 BRYANT RD $1,025,000 4 2.1 3647 DETACHD
116 NORTHSHORE RD $1,100,000 4 2 2702 DETACHD
1180 CHERRY LN $1,150,000 4 4.1 4248 DETACHD
17432 KELOK RD $1,275,000 4 2.1 3023 DETACHD
140 BERWICK RD $1,395,000 4 2.1 3114 DETACHD

PENDING SALES (May 14-20, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
40 OSWEGO SMT/Upper $215,000 2 2 1140 CONDO 4
4 TOUCHSTONE #77 $239,000 3 4.1 1351 CONDO 27
1857 BOCA RATAN DR $388,000 3 2 1611 TOWNHSE 3
18543 DON LEE WAY $400,000 3 1 1099 DETACHD 7
110 KINGSGATE RD $419,900 3 2.1 1669 DETACHD 68
18319 TERRY CT $434,850 3 1.1 1191 DETACHD 4
1137 SPRUCE ST $479,900 3 2 1214 DETACHD 3
106 KINGSGATE RD $489,900 3 2.1 1669 DETACHD 5
19200 REDWING CT $499,900 4 3 2128 DETACHD 41
8 SHERWOOD CT $529,900 3 3.1 3212 DETACHD 138
14555 SHERBROOK PL $549,900 4 2.1 2942 DETACHD 8
1250 HEMLOCK ST $649,900 5 2 2465 DETACHD 13
4007 BRIAN CT $650,000 4 2.1 2282 DETACHD 5
5747 VICTORIA CT $694,000 4 2.1 2432 DETACHD 15
17423 OAK MEADOW LN $720,000 3 2.1 3125 DETACHD 132
20 INDEPENDENCE AVE $724,900 4 3 3900 DETACHD 4
6615 MCEWAN RD $775,000 3 1.1 1492 DETACHD 208
3766 RIVERS EDGE DR $799,000 5 3.1 3428 DETACHD 3
808 TIMBERLINE DR $799,000 4 2.1 3276 DETACHD 81
2484 MARYLSHIRE LN $799,000 4 3.1 4168 DETACHD 30
18360 DELENKA LN $899,900 5 3.1 4349 DETACHD 2
3144 GLENMORRIE DR $899,900 3 2.1 2582 DETACHD 132
19158 MEGAN PL $900,000 4 3.1 4910 DETACHD 50
13020 KNAUS RD $949,000 3 2.1 2545 DETACHD 2
14053 AMBERWOOD CIR $975,000 4 3 3126 DETACHD 4
3940 Canal RD $1,050,000 4 3.1 3838 DETACHD 69
17492 REDFERN AVE $1,099,900 3 2.1 2828 DETACHD 6
2057 SUMMIT DR $1,195,000 4 3.1 4694 DETACHD 105
13615 WESTLAKE DR $1,350,000 4 4.1 4050 DETACHD 130
5220 FIRWOOD RD $1,495,000 3 2.1 2507 DETACHD 9
3300 UPPER DR $2,000,000 4 2 2200 DETACHD 5

SOLD (May 14-20, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
45 EAGLE CREST DR #510 $250,000 $246,900 1 1 830 CONDO 45
5262 ROSEWOOD ST $400,000 $400,000 3 1 1550 DETACHD 7
15256 BOONES WAY $490,000 $477,500 3 2.1 1618 ATTACHD 35
19253 CHILDS CT $530,000 $500,000 3 2 1687 DETACHD 39
4 WESTMINSTER DR $585,000 $585,000 4 3 2142 DETACHD 1
17647 HILL WAY $559,900 $587,900 3 2 1787 DETACHD 4
13861 SHIREVA CT $625,000 $651,000 4 2.1 2377 DETACHD 5
2033 RIDGEWOOD RD $699,000 $680,000 4 2.1 2668 DETACHD 622
343 3RD ST $685,000 $685,000 3 3.1 2044 TOWNHSE 5
16731 ALDER CIR $699,000 $715,000 3 2.1 2301 DETACHD 7
2 SHERWOOD CT $725,000 $750,000 5 3.1 3306 DETACHD 1
2325 OAKHURST LN $789,000 $780,000 5 2.1 3627 DETACHD 51
496 10TH ST $850,000 $850,000 4 2 2854 DETACHD 15
13101 AMBER PL $1,110,000 $872,000 4 2.1 3817 DETACHD 178
4904 LOWER DR $864,900 $874,900 4 3 2844 DETACHD 3
16805 OLD RIVER DR $875,000 $885,000 3 2 1728 DETACHD 9
18171 BRYANT RD $1,247,000 $1,198,000 3 2.1 2984 DETACHD 201
937 F AVE $1,219,900 $1,200,000 5 3 2736 DETACHD 57
752 E AVE $1,250,000 $1,250,000 3 3 2818 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.

Posted on

Market Activity ~ April 30-May 6, 2018

Last week 26 New properties entered the market in Lake Oswego, 31 moved to Pending status, and 22 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (April 30-May 6, 2018)

Address List Price # Beds # Baths Total SF Prop Type
45 EAGLE CREST DR #401 $289,000 3 2 1348 CONDO
210 S STATE ST #7 $329,900 3 2 1284 CONDO
16880 CORTEZ CT $395,000 3 2.1 1991 DETACHD
16 GREENRIDGE CT $415,000 2 2.1 1535 TOWNHSE
16141 PARKER RD $435,000 3 1 1008 DETACHD
15370 QUARRY RD $489,900 3 1.1 1540 DETACHD
622 CLARA CT $599,000 3 2 2236 DETACHD
17040 FERNWOOD DR $620,000 3 2 2399 DETACHD
2660 LOOKOUT CT $624,500 3 3 2565 DETACHD
1250 HEMLOCK ST $649,900 5 2 2656 DETACHD
5747 VICTORIA CT $694,000 4 2.1 2432 DETACHD
4087 COLTSFOOT LN $695,000 3 2 2640 DETACHD
12793 SIERRA VISTA DR $750,000 4 3.1 3650 DETACHD
19507 35TH CT $849,000 4 3 3590 DETACHD
5554 LUCE LN $849,900 4 3 3269 DETACHD
17330 GRANDVIEW CT $865,000 4 3.1 3857 DETACHD
9 1/2 HILLSHIRE DR $949,950 4 2.1 3735 DETACHD
17637 WOODHURST PL $997,000 5 3.2 4833 DETACHD
18265 RIVER EDGE CT $1,055,000 3 3.1 3464 DETACHD
2107 GOODALL CT $1,100,000 4 3 3029 DETACHD
721 7TH ST $1,249,000 4 3.1 4544 DETACHD
18262 MEADOWLARK LN $1,398,800 5 3.1 4757 DETACHD
4100 CANAL RD $1,415,000 4 3.1 4957 DETACHD
13364 ATWATER LN $1,695,000 5 6.1 5841 DETACHD
1551 LAKE FRONT RD $2,250,000 5 3 3305 DETACHD
1949 CEDAR CT $2,675,000 5 5.1 6330 DETACHD

PENDING SALES (April 30-May 6, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
96 GALEN ST / Upper $149,500 1 1 552 CONDO 3
330 CERVANTES CIR $190,000 2 1 832 CONDO 45
750 1ST ST #E31 $194,500 1 1 986 CONDO 67
4 TOUCHSTONE #141 $210,000 2 2 979 CONDO 70
3688 SPRING LN #3D $274,900 2 2 1117 CONDO 96
5262 ROSEWOOD ST $400,000 3 1 1550 DETACHD 7
805 MAPLE ST $419,900 3 2 2344 DETACHD 3
16875 TRACY AVE $465,000 4 2 1825 DETACHD 4
4555 WILDWOOD ST $499,000 3 2 1565 DETACHD 6
19200 REDWING CT $499,900 4 3 2128 DETACHD 27
4846 REDWING WAY $549,900 3 2 1607 DETACHD 16
1605 MEADOWS DR $570,000 3 2 2186 DETACHD 7
17915 RIDGE LAKE DR $615,000 4 3.1 3304 DETACHD 431
1422 ASH ST $649,000 4 3 2997 DETACHD 290
17441 BLUE HERON DR $650,000 4 3 2265 DETACHD 30
3717 UPPER DR $675,000 4 3 2240 DETACHD 4
17 SCARBOROUGH DR $680,000 4 2.1 3290 DETACHD 2
10 MORNINGVIEW LN $745,000 4 3.1 3848 DETACHD 21
14041 EDENBERRY CT $775,000 4 2.1 3077 DETACHD 8
17622 BROOKHURST DR $789,000 4 2.1 2909 DETACHD 3
19240 BRYANT RD $799,000 4 3 3452 DETACHD 3
1128 LAKE SHORE RD $799,000 2 1 1397 DETACHD 3
858 10TH ST $800,000 4 2.1 2332 DETACHD 5
17851 WESTVIEW DR $869,000 4 3.1 3433 DETACHD 50
13864 AMBERWOOD CIR $900,000 4 2.1 3115 DETACHD 4
4042 CANAL WOODS CT $949,000 4 3.1 4294 DETACHD 266
5566 LUCE LN $965,000 5 3 3088 DETACHD 39
13597 ROGERS RD $1,099,000 4 3 3945 DETACHD 276
4643 FIRWOOD RD $1,099,000 3 2.1 2790 DETACHD 25
1355 HOODVIEW LN $1,149,000 5 2 3272 DETACHD 5
18222 SIENA DR $1,595,000 4 3.1 3998 DETACHD 2

SOLD (April 30-May 6, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
147 OSWEGO SMT #21 $185,000 $185,000 2 2 1140 CONDO 1
200 BURNHAM RD #101 $194,900 $194,900 1 1 959 CONDO 181
86 KINGSGATE RD #47 $199,900 $209,500 2 2 840 CONDO 4
4053 JEFFERSON PKWY / Upper $299,900 $282,000 2 2.1 1462 CONDO 37
3844 BOTTICELLI ST $289,000 $295,000 2 1.1 1132 CONDO 5
668 MCVEY AVE #64 $295,000 $295,000 1 1 636 CONDO 7
13 BLOCH TER $415,000 $400,000 3 2.1 1972 ATTACHD 45
5861 BENFIELD CT $449,000 $432,000 4 2 1557 DETACHD 34
55 NORTHSHORE RD #10 $569,800 $470,000 2 2.1 1910 CONDO 235
652 D AVE $499,000 $505,000 3 2 1486 DETACHD 8
5101 ROSEWOOD ST $509,900 $520,000 3 2.1 1736 DETACHD 3
559 SUNNY HILL DR $577,500 $577,500 4 2.1 2234 DETACHD 129
2401 MAYORS LN $659,900 $635,000 4 3 3004 DETACHD 111
313 3RD ST $679,900 $679,900 3 3.1 1962 ATTACHD 4
5585 KILCHURN AVE $724,900 $724,900 5 2.1 2929 DETACHD 2
852 A AVE $768,000 $730,000 4 2 2362 DETACHD 83
18120 DELENKA LN $850,000 $825,000 5 2.1 3157 DETACHD 31
18341 HEATHER ANN CT $849,900 $849,900 4 3.1 2316 DETACHD 3
504 8TH ST $1,075,000 $1,060,000 4 3 2858 DETACHD 171
16860 CORTEZ CT $1,079,900 $1,092,216 4 3.1 3322 DETACHD 0
706 2ND ST $1,179,900 $1,150,000 4 2.1 2737 DETACHD 173
860 COUNTRY CMNS $1,170,000 $1,225,000 4 3 3906 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.

Posted on

Market Activity ~ April 23-29, 2018

Last week 25 New properties entered the market in Lake Oswego, 32 moved to Pending status, and 24 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (April 23-29, 2018)

Address List Price # Beds # Baths Total SF Prop Type
16250 PACIFIC HWY #82 $205,000 1 1 841 CONDO
153 OSWEGO SMT Grnd $224,153 2 2 1383 CONDO
8 BRITTEN CT $399,900 2 2 1175 ATTACHD
5262 ROSEWOOD ST $400,000 3 1 2275 DETACHD
4 SUMMIT RIDGE CT $440,000 2 2.1 1576 ATTACHD
5071 W SUNSET DR $529,900 2 2.1 1734 TOWNHSE
5871 BONITA RD $539,000 4 3 2406 DETACHD
108 RIDGEWAY RD $549,000 3 1 1438 DETACHD
18679 INDIAN CREEK DR $600,000 4 2.1 2276 DETACHD
412 LIVINGOOD LN $775,000 5 2.1 3928 DETACHD
3240 WESTVIEW CT $875,000 4 3.1 3121 DETACHD
475 IRON MOUNTAIN BLVD $899,900 5 3.1 3254 DETACHD
4092 ORCHARD WAY $925,000 4 3.1 3591 DETACHD
17160 Kelok RD $935,000 5 4 4650 DETACHD
3155 UPPER DR $1,175,000 4 3 3016 DETACHD
2990 GLEN EAGLES RD $1,190,000 4 2.1 3787 DETACHD
1299 COUNTRY CMNS $1,229,000 4 4.1 3710 DETACHD
17108 CHAPIN WAY $1,429,000 4 4 4474 DETACHD
629 Middlecrest RD $1,449,000 4 4 3575 DETACHD
3822 LAKE GROVE AVE $1,500,000 5 3.1 5335 DETACHD
635 IRON MOUNTAIN BLVD $1,589,000 5 3.1 4736 DETACHD
1925 CHERYL CT $1,848,000 4 5.1 5869 DETACHD
17388 CEDAR RD $2,825,000 4 3.1 4635 DETACHD
17512 LAKE HAVEN DR $2,950,000 4 3.1 4643 DETACHD
616 CABANA LN $3,198,000 5 4 3838 DETACHD

PENDING SALES (April 23-29, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
750 1ST ST #E33 $179,000 1 1 986 CONDO 78
354 CERVANTES CIR 1-C $205,000 2 1.1 912 CONDO 18
4000 CARMAN DR A-7 $214,900 2 2 866 CONDO 6
3866 BOTTICELLI ST #27 $286,500 2 1.1 1132 CONDO 18
5442 JEAN RD $359,900 3 1 1224 DETACHD 16
15256 BOONES WAY $485,000 3 2.1 1618 ATTACHD 35
4902 MULHOLLAND DR $499,900 3 2.1 2495 TOWNHSE 44
13850 VERTE CT $525,000 3 2 1942 DETACHD 5
19253 CHILDS CT $530,000 3 2 1687 DETACHD 39
19350 MARLIN AVE $549,000 4 2 1820 DETACHD 3
13104 ROGERS RD $699,900 3 2.1 2646 DETACHD 1
2814 VALE CT $700,000 4 3 3192 DETACHD 21
13209 TWIN CREEK CT $719,900 4 2.1 3021 DETACHD 50
5524 WASHINGTON CT $749,900 4 2.1 2672 DETACHD 87
5575 SUNCREEK DR $759,000 4 2.1 2958 DETACHD 2
9 BUCKINGHAM TER $798,000 4 3 2766 DETACHD 5
1121 DEVON LN $825,000 6 3 2968 DETACHD 67
691 7TH ST $889,500 2 2 2450 DETACHD 9
18151 WESTVIEW DR $895,000 5 3.1 3827 DETACHD 3
18840 HILL TOP RD $899,999 3 3.1 4216 DETACHD 584
64 BERWICK RD $949,000 4 3.1 3740 DETACHD 23
3100 WESTVIEW CT $990,000 4 3.1 3725 DETACHD 113
2643 RIVENDELL RD $1,029,000 5 3.1 3466 DETACHD 47
17224 GREENTREE AVE $1,279,900 4 4 3545 DETACHD 27
18040 SKYLAND CIR $1,345,000 4 2.2 4140 DETACHD 2
16206 REESE RD $1,449,900 4 3.1 3631 DETACHD 0
1655 LESLIE LN $1,725,000 4 3.1 4805 DETACHD 341
16828 ALDER CIR $1,795,000 3 3 2363 DETACHD 99
16819 GREENBRIER RD $1,799,900 4 4 3022 DETACHD 549
1955 HIGHLANDS LOOP $1,995,000 4 4.1 4012 DETACHD 25
848 PALISADES TERRACE DR $1,995,000 4 4.1 6644 DETACHD 3
17399 CANAL CIR $2,349,000 4 3.1 4586 DETACHD 243

SOLD (April 23-29, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
32 OSWEGO SMT/Upper $169,900 $169,900 1 1 752 CONDO 176
199 Oswego Summit #199 $194,000 $182,500 2 2 1506 CONDO 58
47 CRESTFIELD CT/Grnd $205,000 $210,000 2 1 921 CONDO 6
750 1ST ST C14 $299,900 $283,500 2 2 1350 CONDO 25
5061 FOOTHILLS DR D $299,900 $294,900 2 2 991 CONDO 183
750 1ST ST #27 $297,000 $307,000 2 2 1350 CONDO 4
6 BRITTEN CT $399,950 $374,900 2 1.1 1317 ATTACHD 46
3912 CARMAN DR $399,900 $375,000 3 2.1 1326 CONDO 22
16200 PACIFIC HWY #7 $365,000 $396,000 2 2 1190 ATTACHD 13
5325 OAKRIDGE RD $419,900 $410,000 4 2 1191 DETACHD 16
4711 REMBRANDT LN $529,900 $500,000 3 2.1 2050 DETACHD 113
1682 FIRCREST DR $539,900 $539,900 4 2.1 2304 DETACHD 4
1612 HIGHLAND DR $549,900 $550,000 4 3 2158 DETACHD 2
18706 BRYANT RD $599,900 $599,900 3 2.1 2489 DETACHD 4
13758 REGENCY CT $615,000 $600,000 3 2.1 1986 DETACHD 155
304 6TH ST $615,000 $610,000 1 1 941 DETACHD 5
4667 WINTHROP CT $769,900 $750,000 4 2.1 2235 DETACHD 12
4985 CASCARA LN $819,000 $777,000 5 2.1 3607 DETACHD 125
15985 BONAIRE AVE $900,000 $900,000 3 3 2910 DETACHD 5
426 7TH ST $960,000 $950,000 4 2.1 3088 DETACHD 49
610 9TH ST $1,349,000 $1,108,000 4 3.1 4021 DETACHD 210
505 IRON MOUNTAIN BLVD $1,245,000 $1,216,000 5 4 3015 DETACHD 462
1059 BAYBERRY RD $1,548,000 $1,500,000 5 3.1 3550 DETACHD 51
1287 CHERRY LN $2,100,000 $2,100,000 5 4.1 4997 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.

Posted on

My Best Advice and My Hardest Job

I hope that as a reader of the Property Blotter you are getting a sense of what makes real estate happen. Linda and I really strive to provide you with data, and also with tips, pointers, and useful information. This week I thought I’d give you just two quick tid bits.

Let’s start with my best advice. In a word, chill. There are so many factors that contribute to the purchase or sale of a home. There is the buyer and the buyer’s Realtor, the seller and the seller’s Realtor, the mortgage broker, the mortgage underwriter, the title company and the escrow officer that represents the title company, the home inspector, and more. In other words, there are lots of people all doing their job to coordinate and come together to make the sale happen. With so many people involved, it doesn’t take much to create a snag. If the underwriter wants an updated tax statement, if the title company discovers an unexpected lien, if the buyer is in transit and air born on a flight to New York, all of these elements are completely normal and can cause a delay. Going into the purchase or sale of a home, know that everyone is doing their best to meet deadlines, but be prepared to be flexible. It simply is the nature of the business that things come up, so my best advice is to take a deep breath and try to remain calm. It will all come together and stressing over it accomplishes nothing useful.

As for my hardest job, it is working on behalf of my client even when it is not intuitively what I think is the best course of action. I work for my client. I know this. Occasionally, not very often mind you but occasionally, I have a client who feels the best course of action is to make a request or exercise an idea that is not something I agree with. This will never, ever happen in regards to something dishonest or illegal, absolutely not, and this is not what I am referring to here. What I am referring to is something perfectly legal and honest, but still something that I would not normally advise. Here is my example. A few years ago I represented a very particular client. It was strong seller’s market where offers were competitive and houses were selling quickly. To buy in this environment requires making the best offer possible. My buyer just did not want to pay one dollar more than necessary. That is understandable, but there are also times when a buyer must step up or they will not get into a home. This buyer simply would not do it. She made offer after offer without success.

I can give advice, and I do, but ultimately my clients decide the best course of action for themselves. My job is to LISTEN and then act upon their desires. And so, with this client, we went through the process of her learning. It took two years. By the time she came to realize that she really did have to make a competitive offer, and not try to negotiate the price, a good deal of time had gone by. Ultimately she ended up spending about 15% more for a house that had gone up in value during the time she was learning about the market. That is just really hard to experience.

So those are my two insights that I wanted to share with you this week. I think it can be summed up by saying that you will benefit by not stressing out during the course of buying or selling, and also by hiring a Realtor who will really listen to you and act on your desires, but also by listening to your Realtor and realizing that they too are offering you good advice that can help your experience go more smoothly and to your benefit.

Enjoy the sunshine!
Dianne

Posted on

Hallinan House

Hello Property Blotter Readers!!!

I just thought of you this morning because I have an out-of-town cash Buyer looking for a property in the Hallinan neighborhood.  ***If you are thinking of selling your home in Hallinan, please contact me ASAP, and I’ll give you more details of what they’re looking for to see if we have a fit!

Enjoy the increasing sunshine~

Very Best,

Linda

Posted on

News & Notes ~ March, 2018

Happy Springtime to our Property Blotter readers!  In our look at activity during the month of March we see a general pattern of a lowering or slight increase over last year during the same month, and a big increase over the prior month/Feb of 2018 in most all areas.

Here is your look at the most recent data for the entire Portland area and how Lake Oswego fits in to this picture just below:

  • According to the RMLS Market Action Report for the Portland Metro Area, March, 2018:
    • There were 3,648 New Listings in March 2018 which was up 1.2% from March of 2017’s 3,604, and up a whopping 44.2% from the previous month/Feb of 2018’s total of 2,530.
    • At 2,371, March Closed Sales were down 4.9% from March 2017’s 2,494, and up a whopping 31.3% from the previous month/Feb 2018’s total of  1,806.
    • March’s Pending Sales (accepted offers), at 2,894 dropped 4.9% from March of 2017’s 3,043, and increased another whopping 23.8% from the previous month/Feb 2018’s total of 2,337
    • The Average Sale Price in March of $445,900 was up $17,500 from March 2017’s $428,400, and also up from February 2018’s $441,900 by $4,000.   

Neighborhoods: March’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $438,700              6.6%   (Feb 418,000)
  • NE Portland:  $478,900                   7.3%   (Feb 462,400)
  • SE Portland:  $418,600                   8.4%   (Feb 418,700)
  • Gresham/Troutdale:   $356,400   12.0%   (Feb 339,400)
  • Milwaukie/Clackamas:  $423,400  9.4%   (Feb 406,100)
  • Oregon City/Canby:   $396,500      6.0%   (Feb 381,200)
  • Lake Oswego/West Linn:$631,100 6.1%   (Feb 706,400)
  • West Portland:    $597,200             3.1%   (Feb 602,500)
  • NW Wash County:  $550,200          7.5%   (Feb 540,100)
  • Beaverton/Aloha:     $386,000        9.1%   (Feb 380,500)
  • Tigard/Wilsonville:   $456,700        7.4%   (Feb 443,600)
  • Hillsboro/Forest Grove: $403,800  9.9%   (Feb 384,600)

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for the month of March 2018 reported:

    •  306 Active Listings   (Feb 296)
    •  225 New Listings     (Feb 158)
    •  188 Pending Sales  (Feb 120)
    •  117 Closed Sales      (Feb 92)
    • Average Sale Price for Feb: $631,100  (Feb 706,400)
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month.  Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
    •  82 Average Days on the Market   (Feb 107)
Posted on

Market Activity ~ April 2-8, 2018

Last week 27 New properties entered the market in Lake Oswego, 20 moved to Pending status, and 18 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (April 2-8, 2018)

Address List Price # Beds # Baths Total SF Prop Type
100 Kerr PKWY 27 $198,000 2 2 832 CONDO
354 CERVANTES CIR 1C $205,000 2 1.1 912 CONDO
47 CRESTFIELD CT/Grnd $205,000 2 1 921 CONDO
200 BURNHAM RD 203 $222,000 2 1 1160 CONDO
4000 CARMAN DR 50 $279,000 1 1 890 CONDO
668 MCVEY AVE 64 $295,000 1 1 636 CONDO
19200 REDWING CT $499,900 4 3 2128 DETACHD
3300 SOUTHSHORE BLVD $599,000 2 1.2 1062 DETACHD
4 BERNINI CT $665,000 4 3 3028 DETACHD
17441 BLUE HERON DR $679,000 4 3 2265 DETACHD
4261 GLACIER LILY ST $694,500 4 2.1 2693 DETACHD
2814 VALE CT $700,000 4 3 3192 DETACHD
4667 WINTHROP CT $769,900 4 2.1 2235 DETACHD
1510 FERNWOOD DR $789,900 5 3 3291 DETACHD
4379 SNOWBRUSH CT $875,000 4 2 3596 DETACHD
16805 OLD RIVER DR $875,000 3 2 1728 DETACHD
64 BERWICK RD $949,000 4 3.1 3740 DETACHD
13479 FIELDING RD $1,050,000 4 2.1 3385 DETACHD
4743 UPPER DR $1,165,000 4 2.1 3079 DETACHD
1620 FERNWOOD DR $1,199,900 3 3.1 3371 DETACHD
306 8TH ST $1,199,900 4 4 2893 DETACHD
3166 STONEBRIDGE WAY $1,295,000 4 2.1 3039 DETACHD
3711 WREN ST $1,299,900 3 3.1 3250 DETACHD
13740 FIELDING RD $1,495,000 4 3.1 4471 DETACHD
18296 MEADOWLARK LN $1,698,000 5 3.1 5770 DETACHD
15880 OSWEGO SHORE CT $1,997,000 4 3.1 4084 DETACHD
400 IRON MOUNTAIN BLVD $1,999,999 4 3.1 4258 DETACHD

PENDING SALES (April 2-8, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR 49 $199,000 2 1 932 CONDO 14
202 CERVANTES / Grnd $225,000 2 2 890 CONDO 1
4000 CARMAN DR 60 $225,000 2 2 866 CONDO 2
13 BLOCH TER $415,000 3 2.1 1972 ATTACHD 45
18963 LONGFELLOW AVE $449,750 3 1.1 1239 DETACHD 228
12 DA VINCI ST $490,000 4 3 2959 DETACHD 113
4711 REMBRANDT LN $525,000 3 2.1 2050 DETACHD 113
56 CONDOLEA TER / Grnd $529,000 3 2.1 2958 CONDO 161
5228 COVENTRY CT $565,000 4 2.1 2382 DETACHD 13
16758 GRAEF CIR $569,000 3 1 1295 DETACHD 270
18706 BRYANT RD $599,900 3 2.1 2489 DETACHD 4
5418 WASHINGTON CT $690,000 3 2.1 2074 DETACHD 5
58 AQUINAS ST $699,900 5 3 3721 DETACHD 3
17524 ERIN CT $715,000 4 3 3115 DETACHD 4
1235 ANDREWS RD $775,000 3 2 2506 DETACHD 3
2420 PALISADES CREST DR $929,000 5 2.1 3471 DETACHD 10
13101 AMBER PL $949,900 4 2.1 3817 DETACHD 178
504 8TH ST $1,075,000 4 3 2858 DETACHD 171
860 COUNTRY CMNS $1,170,000 4 3 3906 DETACHD 1
888 FAIRWAY RD $1,250,000 4 2.2 5788 DETACHD 192

SOLD (April 2-8, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
80 OSWEGO SMT / Upper $185,000 $194,000 2 2 1140 CONDO 5
4 TOUCHSTONE 109 $195,000 $198,000 2 2 989 CONDO 3
103 OSWEGO SMTn 103 $199,900 $204,900 2 1.1 1116 CONDO 42
5056 FOOTHILLS DR C $364,900 $332,750 2 2 1252 CONDO 30
1760 OAK ST $459,900 $475,000 5 2 1680 DETACHD 1
14 AQUINAS ST $499,000 $480,000 3 3 2531 DETACHD 153
19050 PILKINGTON RD $529,900 $535,000 3 3 1991 DETACHD 250
120 CONDOLEA DR $599,900 $600,000 3 3 2958 ATTACHD 5
16977 SW CHERRY CREST DR $711,000 $625,000 4 2.1 3002 DETACHD 236
759 TIMBERLINE DR $655,000 $645,000 4 3 2928 DETACHD 154
4729 FIRWOOD RD $699,000 $730,000 4 2.1 2647 DETACHD 4
17110 LOWENBERG TER $775,000 $735,000 4 2.1 2732 DETACHD 145
4101 VIRGINIA WAY $899,900 $864,900 4 2.2 3231 DETACHD 29
116 MIDDLECREST RD $1,075,000 $1,000,000 4 3 2545 DETACHD 34
4591 DOGWOOD DR $1,100,000 $1,051,000 4 3.1 4177 DETACHD 6
3485 UPPER DR $1,121,000 $1,100,000 4 2.1 3332 DETACHD 119
16737 MAPLE CIR $1,299,000 $1,350,000 3 2.1 1633 DETACHD 4
2462 SUMMIT DR $1,575,000 $1,565,000 3 2.1 3598 DETACHD 270

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 ~ March 19-25, 2018

Last week 16 New properties entered the market in Lake Oswego, 24 moved to Pending status, and 16 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (March 19-25, 2018)

Address List Price # Beds # Baths Total SF Prop Type
750 1ST ST E31 $199,900 1 1 986 CONDO
47 EAGLE CREST DR #49 $205,000 2 1 932 CONDO
67 OSWEGO SMT/Upper $225,000 2 2 1212 CONDO
668 MCVEY AVE #74 $285,000 1 1 636 CONDO
9 ORIOLE LN $429,000 3 3 1928 DETACHD
15256 BOONES WAY $490,000 3 2.1 1618 ATTACHD
18440 SW DON LEE WAY $525,000 3 1.1 1223 DETACHD
5228 COVENTRY CT $565,000 4 2.1 2382 DETACHD
6435 Frost ST #10 $649,960 3 2.1 1838 DETACHD
16731 ALDER CIR $699,000 3 2.1 2301 DETACHD
6447 Frost ST #9 $699,960 3 2.1 2227 DETACHD
19330 River Run DR $814,900 4 4 3786 DETACHD
3914 EDENS EDGE DR $1,548,000 5 5.2 6635 DETACHD
210 NORTHSHORE RD $1,575,000 4 3 3148 DETACHD
1053 C AVE $1,595,000 4 3.1 3854 DETACHD
2088 CREST DR $3,988,000 4 5.1 7737 DETACHD

PENDING SALES (March 19-25, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
58 GALEN ST/Upper $154,000 1 1 689 CONDO 18
80 OSWEGO SMT/Upper $185,000 2 2 1140 CONDO 5
200 BURNHAM RD #101 $194,900 1 1 959 CONDO 181
4000 CARMAN DR #70 $237,500 2 2 974 CONDO 4
750 1ST ST C14 $285,000 2 2 1350 CONDO 25
5061 FOOTHILLS DR D $294,900 2 2 991 CONDO 183
750 1ST ST #27 $297,000 2 2 1350 CONDO 4
5059 FOOTHILLS DR G $309,000 2 2 991 CONDO 108
3912 CARMAN DR $389,500 3 2.1 1326 CONDO 22
5325 OAKRIDGE RD $419,900 4 2 1191 DETACHD 16
4324 WOODSIDE CIR $425,000 2 2 1216 ATTACHD 7
1682 FIRCREST DR $539,900 4 2.1 2304 DETACHD 4
1612 HIGHLAND DR $549,900 4 3 2158 DETACHD 2
304 6TH ST $615,000 1 1 941 DETACHD 5
4729 FIRWOOD RD $699,000 4 2.1 2647 DETACHD 4
3106 ROSEMARY LN $729,900 3 2.1 2717 DETACHD 75
17641 BROOKHURST DR $782,500 4 2.1 3386 DETACHD 1
4985 CASCARA LN $790,000 5 2.1 3607 DETACHD 125
18341 HEATHER ANN CT $849,900 4 3.1 2316 DETACHD 3
496 10TH ST $850,000 4 2 2854 DETACHD 15
16002 INVERURIE RD $880,000 3 3 3189 DETACHD 0
1565 PINE ST $950,000 4 2 2830 DETACHD 9
426 7TH ST $960,000 4 2.1 3088 DETACHD 49
4204 CHAD DR $1,050,000 5 3.1 3930 DETACHD 6

SOLD (March 19-25, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
33 OSWEGO SMT/Lower $184,900 $162,000 1 1 764 CONDO 183
3433 MCNARY PKWYbv#806 $214,900 $219,000 2 2.1 1136 CONDO 203
18179 PILKINGTON RD $399,950 $366,000 3 2 1290 DETACHD 266
466 5TH ST / Ground $389,000 $387,800 2 1.1 1092 CONDO 71
18966 LONGFELLOW AVE $459,950 $435,000 3 2 1330 DETACHD 26
17790 OVERLOOK CIR $590,000 $498,750 3 3 3480 DETACHD 22
17 FALSTAFF ST $599,000 $580,000 4 3 2450 DETACHD 100
1413 OAK ST $600,000 $590,000 3 3 2424 DETACHD 23
1503 PINE ST $639,900 $597,515 5 3 2792 DETACHD 165
683 9th ST $575,000 $605,000 3 2 1396 DETACHD 4
16982 KARA LN $615,000 $620,000 4 2.1 2408 DETACHD 2
17720 OVERLOOK CIR $615,000 $620,000 4 2.1 3400 DETACHD 12
4004 MELISSA DR $709,900 $709,900 4 2.1 2865 DETACHD 8
127 FURNACE STb #127 $799,000 $800,000 2 2.1 1927 CONDO 1
282 GREENWOOD RD $890,000 $875,000 3 2.1 2530 DETACHD 16
4660 WILDWOOD ST $1,289,900 $1,275,000 4 4 3709 DETACHD 36

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

News & Notes ~ Feb 2018

Here is your look at the most recent data for the entire Portland area and how Lake Oswego fits in to this picture just below:

  • According to the RMLS Market Action Report for the Portland Metro Area, February, 2018:
    • There were 2,530 New Listings in Feb 2018 which was up .4% from Feb of 2017’s 2,521, and UP  1.8% from Jan of 2018’s total of 2,486.
    • At 1,806, Feb Closed Sales were up 8.2% from Feb 2017’s 1,669, and 10% from the previous month/Jan 2018’s total of  1,628.
    • February’s Pending Sales (accepted offers), at 2,337 dropped 1.4% from Feb of 2017’s 2,369, and increased slightly at 1.1% from the previous month/Jan 2018’s total of 2,311 
    • The Average Sale Price in February of $441,900 was up $37,700 from February 2017’s $404,200, and also up from January 2018’s $436,400 by $5,500.   

Neighborhoods: February’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $418,000              7.6%   (Jan 435,300)
  • NE Portland:  $462,400                   7.3%   (Jan 445,800)
  • SE Portland:  $418,700                   9.1%   (Jan 380,900)
  • Gresham/Troutdale:   $339,400   11.2%   (Jan 351,600)
  • Milwaukie/Clackamas:  $406,100  9.6%   (Jan 424,800)
  • Oregon City/Canby:   $381,200      6.2%   (Jan 408,600)
  • Lake Oswego/West Linn:$706,400 4.8%   (Jan 631,600)
  • West Portland:    $602,500             3.5%   (Jan 609,300)
  • NW Wash County:  $540,100          7.4%   (Jan 538,300)
  • Beaverton/Aloha:     $380,500        8.6%   (Jan 367,600)
  • Tigard/Wilsonville:   $443,600        6.7%   (Jan 428,400)
  • Hillsboro/Forest Grove: $384,600 10.1%   (Jan 390,300)

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for the month of February 2018 reported:

    •  296 Active Listings   (Jan 281)
    •  158 New Listings     (Jan 146)
    •  120 Pending Sales  (Jan 101)
    •   92 Closed Sales      (Jan 93)
    • Average Sale Price for Feb: $706,400  (Jan 631,600)
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month.  Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
    • 107 Average Days on the Market   (Jan 93)