Category: Selling Advice

Advice for home sellers in Lake Oswego, Oregon

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News & Notes ~ Aug 2017 Data

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

  • According to the RMLS Market Action Report for the Portland Metro Area, August, 2017:
    • There were 4,048 New Listings in August 2017 which was down 3.7% from August of 2016’s 4,203, and down the same 3.7% from July of 2017’s total of 4,202.
    • At 3,034, August Closed Sales were up 1.1% from August 2016’s 3,001, and up 8.6% from the previous month/July 2017’s total of  2,793.
    • August Pending Sales (accepted offers), at 3,072 dropped 7.6% from August of 2016’s 3,325, and edged up 1.1% from the previous month/July 2017’s total of 3,040.
    • The Average Sale Price in August of $436,400 was up $36,300 from August 2016’s $400,100, and down from June 2017’s $447,400 by $11,000.                      

August Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $436,400               9.1% (July $401,100)
  • NE Portland:  $460,100                  11.1% (July $497,000)
  • SE Portland:  $391,200                   8.8% (July $404,100)
  • Gresham/Troutdale:   $333,300     9.8%  (July $327,600)
  • Milwaukie/Clackamas:  $420,300 12.0% (July $423,100)
  • Oregon City/Canby:   $394,800      8.1% (July $392,800)
  • Lake Oswego/West Linn:$713,800 8.6%(July $741,100)
  • West Portland:    $567,100             6.7%  (July $610,900)
  • NW Washington County:$526,500 10.4%(July $536,000)
  • Beaverton/Aloha:     $376,800        9.9%  (July $380,900)
  • Tigard/Wilsonville:   $439,300        5.9% (July $440,700)
  • Hillsboro/Forest Grove: $382,800 13.0% (June $385,100)

The combined areas of Lake Oswego and West Linn  for the month of August 2017 reported:

    •  482 Active Listings   
    •  252 New Listings     
    •  148 Pending Sales   
    •  163 Closed Sales  
    • Average Sale Price for August: $713,800  
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month.  Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
    • Average Time on the Market: 38 Days   

 

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Market Activity ~ Sept 11-17, 2017

Last week saw 10 New properties enter the market in Lake Oswego, 24 move to Pending status, and 19 “Closed”/Sold.  Seasonally, roughly half of the New listings were “refreshed”. We take those out for our Property Blotter readers so that you are seeing what is actually “new” on the market.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Sept 11-17, 2017)

Address List Price # Beds # Baths Total SF Prop Type
1675 HALLINAN ST $499,900 3 2.1 2450 DETACHD
19 WESTRIDGE DR $649,100 4 2.1 3711 DETACHD
18410 DEERBRUSH AVE $659,000 4 2.1 2246 DETACHD
18000 WESTMINSTER DR $699,900 3 2.1 2679 DETACHD
1555 COUNTRY CMNS $1,089,000 4 2.1 4191 DETACHD
718 MAPLE ST $1,265,000 3 2.1 4023 DETACHD
18639 PILKINGTON RD $1,375,000 4 4 4148 DETACHD
1923 MAPLELEAF CT $1,400,000 4 2.1 3190 DETACHD
16819 GREENBRIER RD $1,799,900 4 4 3022 DETACHD
1115 LAKE FRONT RD $1,995,000 4 4 4245 DETACHD

PENDING SALES (Sept 11-17, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
562 S STATE ST/Upper $259,000 1 1 778 CONDO 17
210 S STATE ST #1 $340,000 2 1.1 1767 CONDO 118
30 WHEATHERSTONE $399,950 3 2.1 1692 ATTACHD 5
18964 REDWING WAY $449,900 3 1.1 1406 DETACHD 31
13188 VERMEER DR $486,500 3 2.1 1854 DETACHD 19
1931 KILKENNY RD $525,000 4 2.1 2411 DETACHD 68
3393 TEMPEST DR $549,000 3 3 2490 DETACHD 162
720 BRIERCLIFF LN $559,900 3 3 2152 DETACHD 41
768 7TH ST $565,000 3 2 1359 DETACHD 68
3554 TEMPEST DR $599,000 3 2.1 2279 DETACHD 60
2442 PALISADES CREST DR $599,900 4 2.1 2707 DETACHD 132
4949 MULHOLLAND DR $625,000 2 2.1 2403 ATTACHD 25
8 WESTMINSTER DR $645,000 3 2.1 2689 DETACHD 86
44 Nova CT $649,000 4 2.1 2798 DETACHD 330
18439 DEERBRUSH AVE $674,900 4 2.1 2694 DETACHD 144
5228 LOWER DR $749,900 4 2.1 2712 DETACHD 140
913 SUNNY HILL DR $765,000 6 3.1 4196 DETACHD 7
17325 OAK MEADOW LN $769,000 4 2.1 3157 DETACHD 84
19067 MEGAN PL $784,900 4 3 3400 DETACHD 99
15956 PARKER RD $824,000 3 2.1 3200 DETACHD 54
1075 SCHUKART LN $899,000 4 2.1 3452 DETACHD 35
230 3RD ST $1,299,900 4 3 3003 DETACHD 33
16938 ALDER CIR $1,795,000 4 3.1 3241 DETACHD 122
16828 ALDER CIR $1,795,000 3 3 2363 DETACHD 1

SOLD (Sept 11-17, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
1198 BOCA RATAN DR $375,000 $371,500 2 2.1 1729 ATTACHD 40
4 PEACOCK PL $450,000 $429,900 3 2.1 1890 DETACHD 65
18305 FERNBROOK CT $475,000 $456,000 3 2 1300 DETACHD 37
4700 LOWER DR $464,900 $477,500 3 2.1 1743 DETACHD 3
14246 CAMDEN LN $519,900 $480,000 3 2.1 1933 DETACHD 51
4867 SAGE HEN WAY $585,000 $585,000 4 2.1 2523 DETACHD 27
2352 OAKHURST LN $679,900 $667,500 4 2.1 3210 DETACHD 11
4336 GLACIER LILY ST $699,990 $675,000 4 2.1 3381 DETACHD 21
6081 CLAIRMONT CT $710,000 $675,000 4 2.1 2680 DETACHD 63
7050 CHILDS RD $749,000 $699,000 3 2 2108 DETACHD 20
662 7TH ST $750,000 $735,000 3 2 1461 DETACHD 11
4991 CASCARA LN $825,000 $809,000 4 3.1 3648 DETACHD 74
3909 BASS LN $919,950 $910,000 5 3.1 3876 DETACHD 53
4745 LAMONT WAY $1,025,000 $1,001,000 4 3.1 3176 DETACHD 41
14045 CHELSEA DR $1,098,000 $1,024,000 4 4 4100 DETACHD 19
17376 BERGIS FARM DR $1,069,000 $1,050,000 4 3.1 4396 DETACHD 315
3519 LAKE GROVE AVE $1,179,000 $1,185,000 4 2.1 3119 DETACHD 47
13961 KNAUS RD $2,487,500 $2,487,500 4 4.2 6614 DETACHD 155
17388 CEDAR RD $2,650,000 $2,600,000 4 3.1 4633 DETACHD 24

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 ~ July 2017 Data

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

  • According to the RMLS Market Action Report for the Portland Metro Area, July, 2017:
    • There were 4,202 New Listings in July 2017 which was down 3.9% from July of 2016’s 4,372, and down 11.3% from June of 2017’s total of 4,739.
    • At 2,793, July Closed Sales were up .6% from July 2016’s 2,776, and down 12.4% from the previous month/June 2017’s total of  3,187.
    • July Pending Sales (accepted offers), at 3,040 dropped 7.9% from July of 2016’s 3,302, and 6.6% from the previous month/June 2017’s total of 3,254.
    • The Average Sale Price in July of $447,400 was up $40,300 from July 2016’s $407,100, and up from June 2017’s $440,600 by $6,800.                      
        July Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $401,100               8.9% (June $406,400)
  • NE Portland:  $497,000                   11.0% (June $462,900)
  • SE Portland:  $404,100                   9.7% (June $413,200)
  • Gresham/Troutdale:   $327,600     10.4% (June $342,900)
  • Milwaukie/Clackamas:  $423,100  12.1%(June $440,800)
  • Oregon City/Canby:   $392,800       8.2% (June $402,000)
  • Lake Oswego/West Linn: $741,100 7.8%(June $627,600)
  • West Portland:    $610,900             10.3% (June $602,900)
  • NW Washington County:$536,000 10.8%(June $514,200)
  • Beaverton/Aloha:     $380,900       10.5% (June $373,800)
  • Tigard/Wilsonville:   $440,700         5.5% (June $443,500)
  • Hillsboro/Forest Grove: $385,100  12.6% (June $337,700)

The combined areas of Lake Oswego and West Linn  for the month of July 2017 reported:

    •  481 Active Listings   
    •  254 New Listings     
    •  171 Pending Sales   
    •  160 Closed Sales  
    • Average Sale Price for July: $741,100  
      • 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.
    • Average Time on the Market: 45 Days   

 
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Market Activity ~ Aug 21-27, 2017

Last week saw 6 New properties enter the market in Lake Oswego, 18 move to Pending status, and 19 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Aug 21-27, 2017)

Address List Price # Beds # Baths Total SF Prop Type
61 OSWEGO SMT $229,900 2 2 1212 CONDO
3393 TEMPEST DR $549,000 3 3 2490 ATTACHD
1316 CEDAR ST $935,000 5 3.1 3140 DETACHD
4933 LAKEVIEW BLVD $1,095,000 3 3 3988 DETACHD
16538 MAPLE CIR $1,299,900 4 3.1 2784 DETACHD
635 IRON MOUNTAIN BLVD $1,590,000 5 3.1 4736 DETACHD

PENDING SALES (Aug 21-27, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
458 S STATE ST #2C $225,000 2 1 800 CONDO 34
44 EAGLE CREST DR #16 $229,900 3 2 1085 CONDO 40
159 OSWEGO SMT- BLDG 22 $250,000 2 2 1506 CONDO 5
5117 GREENSBOROUGH CT $459,000 3 2.1 1560 DETACHD 2
574 2ND ST $479,000 2 2.1 1394 ATTACHD 51
562 2ND ST #10 $482,000 2 2.1 1302 ATTACHD 48
1024 GANS ST $495,000 4 2 1560 DETACHD 13
4 ABELARD ST $539,900 5 3 2430 DETACHD 6
1031 OXFORD DR $559,500 3 2.1 2384 DETACHD 358
4585 TRILLIUM WOODS $620,000 3 2.1 2004 ATTACHD 0
4949 MULHOLLAND DR $625,000 2 2.1 2403 ATTACHD 3
15410 MEADOWLARK CT $650,000 4 2.1 2702 DETACHD 2
2352 OAKHURST LN $679,900 4 2.1 3210 DETACHD 11
16493 GLENWOOD CT $699,000 4 3.1 4530 DETACHD 127
5822 BAY POINT DR $729,000 5 3.1 3202 DETACHD 41
5975 NEWCASTLE DR $764,000 4 2.1 3339 DETACHD 39
5322 CARMAN GROVE LN $820,000 3 2.1 2615 DETACHD 92
1011 LAKE SHORE RD $1,295,000 3 3 2820 DETACHD 9

SOLD (Aug 21-27, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD A204 $188,000 $165,000 2 2 849 CONDO 24
1232 CORNELL ST $365,000 $320,000 3 1 1536 DETACHD 63
10 GREENRIDGE CT $379,000 $325,000 3 1.1 2063 ATTACHD 57
1220 PINE ST $467,500 $440,875 4 2 2123 DETACHD 20
4923 FIRWOOD RD $514,900 $474,900 3 2 2182 DETACHD 42
15275 BOONES WAY $499,000 $496,000 2 2 1320 ATTACHD 3
316 4TH ST $585,000 $510,000 2 2.1 1731 ATTACHD 23
17610 WESTVIEW DR $550,000 $525,000 5 3 2868 DETACHD 39
16005 INVERURIE RD $569,000 $590,000 4 2 2147 DETACHD 6
36 MORNINGVIEW CIR $674,900 $617,500 4 3.1 2953 DETACHD 218
17125 FERNWOOD DR $699,000 $673,400 4 3 2688 DETACHD 40
14412 MEADOW GRASS ST $724,900 $715,000 4 2.1 3259 DETACHD 6
13354 TWIN CREEK LN $799,900 $795,000 5 2.1 3134 DETACHD 9
3 DOVER WAY $899,999 $892,200 5 3.2 4988 DETACHD 21
19177 HILL TOP RD $1,199,000 $1,050,000 5 3.1 4692 DETACHD 63
928 CEDAR ST $1,098,000 $1,060,000 4 3.1 3182 DETACHD 162
870 TERRACE DR $1,275,000 $1,150,000 5 3.1 4652 DETACHD 127
4190 CHAPMAN WAY $1,250,000 $1,162,000 4 3.1 3553 DETACHD 69
735 7TH ST $1,225,000 $1,225,000 3 3.1 3073 DETACHD 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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Tips & Tidbits

  • Timelines- You’ve heard that phrase “Time is of the essence”, right? Well most people do not know that it is an actual legal term which basically means that the most important elements of any contract are the dates & timelines set forth within it. So, make sure you discuss with your Agent all the timelines that are spelled out, and make a priority of planning ahead to stay within set time periods and meet deadlines. In a real estate contract, your Earnest Money may be on the line if you do not.  Two examples
    • If you decide you do not want the property anymore because its just not in good enough shape for you, and your Inspection Period has ended, you may still back out, and/but will likely lose your Earnest Money.
    • If your Lender doesn’t get the paperwork in on time because of a delay in Underwriting, and that is going to cause you to miss your Closing Date, you may lose your Earnest Money if the Seller had a better Offer waiting in the wings, or for whatever other reason just doesn’t feel like extending your Closing Date.  SO, when the Lender asks you for paperwork and you delay in getting it to them for the Underwriter to review, or when you fail to sign Disclosures and return promptly, and/or the Appraisal does not get ordered in a timely manner, you are putting your Closing Date and your Earnest Money in jeopardy. (***Note- This is a very good reason to make sure that you pick an excellent Lender as well. It doesn’t matter if its the Lender who drops the ball or if you didn’t get paperwork to them in time…. if you miss the Closing Date, you miss the Closing Date as far as the contract is concerned.)
  • Personal Property- Sellers must remove all personal property from the home prior to the Closing Date.  The question of what that means comes up sometimes, and specifically with regard to things the Seller thinks that the Buyer would want. Things in the garage are often questionable in the Seller’s mind, and it is true that a Seller will often leave a few cans of paint for touch-ups and so that the Buyer can see what the paint colors are for re-ordering if they like.  ***Not all Buyers will want the paint left, or the drawers of nails, or the chemicals for the yard, or the tools. If there is any question at all, just remove everything. If there are items you’d like to leave and wonder whether the Buyer might like them, ask your Agent to deliver a list to the Buyer’s Agent and find out from the Buyer!
  • Appraisals- The Appraisal is paid for by the Buyer and is actually the Lender’s.  The Lender requires it to make sure that they are loaning an amount that is based on an arms-length transaction between reasonable parties that are operating in the realm of planet earth in their thinking. The Seller does NOT get to see the Appraisal in most all cases. Usually the Seller does not even get to know what the final Appraised Value was. As Listing Agent, I will often receive a call saying that the Appraisal “came in at value”.  This means that it did not come in “under value” and no further negotiation is required.  You can ask, and sometimes you will receive an answer, and/but know that it is often not divulged. As the Seller, the best course of action is to ***thoroughly*** review all comparable information on similar homes sold nearby and recently with your Agent prior to Listing. Set the price based on that data, and based on what you are comfortable with, and then let the adventure begin. A home is worth what two reasonable parties agree to sell/buy it for. Even Appraisals (should you have one done prior to Listing) do not dictate what someone would be willing to pay for your home. Having one done yourself prior to Listing also has nothing to do with the Appraisal the bank will order and have done by an entirely different Appraiser. The two will not necessarily match. I know of one home recently that was Appraised prior to Listing  (and subsequently priced at) $50,000 higher than what it sold for….after it sat on the market for a long time and, I’m sure, tortured the Sellers as they waited.  Look at all the data. Take time to think and discuss with your Agent, and become comfortable with your Listing Price. Then, let go!
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Market Activity ~ July 31 – Aug 6, 2017

Last week saw 22 New properties enter the market in Lake Oswego, 20 move to Pending status, and 18 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (July 31- Aug 6, 2017)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY #51 $149,899 1 1 617 CONDO
33 OSWEGO SMT $189,000 1 0.1 764 CONDO
1675 HALLINAN ST $549,900 3 2.1 2450 DETACHD
720 BRIERCLIFF LN $559,900 3 3 2152 DETACHD
5110 ROSEWOOD ST $624,900 3 2.1 2464 DETACHD
18410 DEERBRUSH AVE $659,000 4 2.1 2246 DETACHD
43 BECKET ST $700,000 4 3.1 3689 DETACHD
18000 WESTMINSTER DR $725,000 4 2.1 2679 DETACHD
4948 HAMPTON CT $867,000 2 3.1 3434 DETACHD
1755 KILKENNY RD $874,900 4 3 3164 DETACHD
2715 GLEN EAGLES RD $950,000 4 2 2500 DETACHD
2025 WEMBLEY PARK RD $999,999 3 2.1 2700 DETACHD
5702 MEADOWCREEK CT $1,059,000 4 3.1 3146 DETACHD
13597 ROGERS RD $1,199,000 4 4 3945 DETACHD
3867 SOUTHSHORE BLVD $1,299,995 5 4 3622 DETACHD
610 9TH ST $1,349,000 4 3.1 4021 DETACHD
2230 WEMBLEY PARK RD $1,595,000 5 4.1 4597 DETACHD
17775 KELOK RD $1,669,000 4 2.1 2882 DETACHD
939 LAKE FRONT RD $1,999,000 5 4 4106 DETACHD
18475 CRESTLINE DR $2,180,000 4 4.1 4740 DETACHD
17502 BLUE HERON DR $2,395,000 5 3.1 4996 DETACHD
1495 OAK TER $2,795,000 4 4 3983 DETACHD

PENDING SALES (July 31- Aug 6, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #8 $180,000 2 1 932 CONDO 17
4 TOUCHSTONE #125 $199,000 2 2 1000 CONDO 4
2 OSWEGO SMT $199,500 1 1 869 CONDO 7
226 RIDGEWAY RD #226 $265,000 1 1 756 CONDO 37
1232 CORNELL ST $349,950 3 1 1536 DETACHD 63
1198 BOCA RATAN DR $375,000 2 2.1 1729 ATTACHD 40
17710 HILL WAY $429,900 3 2 1637 DETACHD 16
14338 ORCHARD SPRINGS RD $525,000 5 3 2238 DETACHD 4
1580 WOODLAND TER $599,900 3 2.1 2430 DETACHD 25
35 Westridge DR $599,950 5 3 3308 DETACHD
75 TANGLEWOOD DR $629,900 4 3.1 4914 DETACHD 7
11 DEL PRADO ST $639,000 4 2.1 2893 DETACHD 24
17125 FERNWOOD DR $674,900 4 3 2688 DETACHD 40
1611 HIGHLAND DR $685,000 4 2.1 2652 DETACHD 16
662 7TH ST $750,000 3 2 1461 DETACHD 11
14370 PFEIFER DR $810,000 4 2.1 3318 DETACHD 19
4991 CASCARA LN $825,000 4 3.1 3648 DETACHD 74
17376 BERGIS FARM DR $1,069,000 4 3.1 4396 DETACHD 315
4256 LAKEVIEW BLVD $1,749,000 5 3.1 3117 DETACHD 16
14733 Uplands DR $2,150,000 6 5.3 7694 DETACHD 389

SOLD (July 31- Aug 6, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
48 EAGLE CREST DR #1E $229,900 $226,000 2 2 1370 CONDO 6
1819 BOCA RATAN DR $335,000 $335,000 3 2 1405 ATTACHD 18
327 LAUREL ST $450,000 $450,000 2 2 2520 DETACHD 0
13296 VERMEER DR $459,999 $460,000 3 2.1 1860 DETACHD 3
16444 ASTOR AVE $479,900 $499,000 3 2 1746 DETACHD 4
1311 PINE ST $550,000 $550,000 3 3 2150 DETACHD 16
539 2ND ST/Ground $559,000 $559,000 2 2 1240 CONDO 0
6 MONTICELLO DR $675,000 $627,500 3 3 3020 DETACHD 21
762 MAPLE ST $715,000 $715,000 3 2.1 2340 DETACHD 11
22 INDEPENDENCE AVE $750,000 $740,000 5 4 4138 DETACHD 93
5332 LOWER DR $795,000 $790,000 4 2.1 2600 DETACHD 84
16872 QUAIL CT $849,900 $790,300 3 3.1 3173 DETACHD 399
5088 WOODCREST LN $814,500 $813,500 4 2.1 3183 DETACHD 4
4350 ALBERT CIR $875,000 $875,000 5 3.1 3175 DETACHD 9
5347 DENTON DR $948,000 $950,000 4 2.1 3240 DETACHD 23
4 DOVER WAY $1,000,000 $970,000 5 2.1 3962 DETACHD 36
199 FURNACE ST/Upper $1,995,000 $1,935,000 3 3.1 5772 CONDO 51
951 ATWATER RD $3,100,000 $3,100,000 6 5.1 10072 DETACHD 108

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 ~ June 2017 Data

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

  • According to the RMLS Market Action Report for the Portland Metro Area, June, 2017:
    • There were 4,739 New Listings in June 2017 which was up 5.3% from June of 2016’s 4,501, and up 8% from May of 2017’s total of 4,388.
    • At 3,187, June Closed Sales were up .9% from June 2016’s 3,158, and also up 10% over the previous month/May 2017’s total of  2,896.
    • June Pending Sales (accepted offers), at 3,254 fell 4% from June of 2016’s 3,390, and 5.3% from the previous month/May 2017’s total of 3,435.
    • The Average Sale Price in June of $440,600 was up $28,600 from June 2016’s $412,000, and showed hardly any change from May 2017’s $440,200.                      
                            June Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $406,400                           8.4%
  • NE Portland:  $462,900                               10.2%
  • SE Portland:  $413,200                               10.2%
  • Gresham/Troutdale:   $342,900                 11.6%
  • Milwaukie/Clackamas:   $440,800             11.1%
  • Oregon City/Canby:   $402,000                   8.0%
  • Lake Oswego/West Linn:    $627,600          6.9%
  • West Portland:    $602,900                         12.1%
  • NW Washington County:    $514,200          11.0%
  • Beaverton/Aloha:     $373,800                   10.4%
  • Tigard/Wilsonville:    443,500                     5.7%
  • Hillsboro/Forest Grove:    $337,700          12.1%

The combined areas of Lake Oswego and West Linn  for the month of June 2017 reported:

    •  453 Active Listings   
    •  300 New Listings     
    •  176 Pending Sales   
    •  186 Closed Sales  
    • Average Sale Price for June: $627,600  
      • 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.
    • Average Time on the Market: 71 Days   

 
Posted on

Market Activity ~ July 10-16, 2017

Last week saw 34 New properties enter the market in Lake Oswego, 24 move to Pending status, and 24 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (July 10-16, 2017)

Address List Price # Beds # Baths Total SF Prop Type
35 CRESTFIELD CT/Grnd $174,900 2 1 923 CONDO
47 EAGLE CREST DR/ #8 $189,000 2 1 932 CONDO
45 EAGLE CREST DR/ #415 $203,500 2 2 1056 CONDO
44 EAGLE CREST DR/ #16 $229,900 3 2 1085 CONDO
58 OSWEGO SMT/Main $238,500 2 2 1212 CONDO
4077 JEFFERSON PKWY $339,000 2 2.1 1462 ATTACHD
88 WHEATHERSTONE/Grnd $379,900 3 2.1 1692 CONDO
4430 GOLDEN LN $449,000 3 3.1 2165 CONDO
4971 SW LAKEVIEW BLVD $475,000 3 2 1433 DETACHD
16580 MAPLE CIR $585,000 4 1.1 2253 DETACHD
1580 WOODLAND TER $599,900 3 2.1 2430 DETACHD
2612 SW ORCHARD HILL LN $599,900 3 2 2576 DETACHD
3554 TEMPEST DR $625,000 3 2.1 2279 DETACHD
2 CREEKSIDE TER $634,900 4 2.1 2906 DETACHD
11 DEL PRADO ST $639,000 4 2.1 2893 DETACHD
4867 SAGE HEN WAY $645,000 4 2.1 2523 DETACHD
1642 HIGHLAND DR $649,900 4 3 2234 DETACHD
17808 CARDINAL PL $650,000 3 2 1870 DETACHD
768 7TH ST $674,900 3 2 1625 DETACHD
4361 SOUTHSHORE BLVD $695,000 5 3 2406 DETACHD
17064 REBECCA LN $699,900 4 2.1 2813 DETACHD
8 BECKET ST $700,000 4 6.1 6257 DETACHD
1422 ASH ST $700,000 4 3 2997 DETACHD
945 CUMBERLAND RD $730,000 4 3.1 2726 DETACHD
5822 BAY POINT DR $750,000 5 3.1 3202 DETACHD
1193 TROON RD $799,000 3 2.1 2546 DETACHD
5975 NEWCASTLE DR $849,900 4 2.1 3339 DETACHD
808 TIMBERLINE DR $850,000 4 2.1 2748 DETACHD
1579 BAY VIEW LN $1,150,000 5 3 4685 DETACHD
735 7TH ST $1,225,000 3 3.1 3073 DETACHD
18171 BRYANT RD $1,247,000 3 2.1 2984 DETACHD
827 8TH ST $1,375,000 5 3.1 3852 DETACHD
4256 LAKEVIEW BLVD $1,749,000 5 3.1 3117 DETACHD
1115 LAKE FRONT RD $1,995,000 4 4 4245 DETACHD

PENDING SALES (July 10-16, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 CERVANTES CIR $199,900 2 1.1 912 CONDO 3
4 TOUCHSTONE DR/ #124 $210,000 3 2.1 1350 CONDO 4
112 OSWEGO SMT/ #112 $227,000 2 2 1212 CONDO 3
209 CERVANTES/Lower $229,000 2 1.1 1216 CONDO 3
668 MCVEY AVE/ #55 $289,900 1 1 636 CONDO 44
4348 DOUGLAS WAY $397,500 2 2 1414 DETACHD 30
17480 HILL WAY $430,000 3 2 1268 DETACHD 26
1610 LARCH ST $475,000 3 2.1 1708 DETACHD 2
16242 INVERURIE RD $475,000 3 2 1687 DETACHD 33
668 MCVEY AVE/ #31 $484,900 3 1.1 992 CONDO 11
15275 BOONES WAY $499,000 2 2 1320 ATTACHD 3
23 FALSTAFF ST $520,000 3 2 1434 DETACHD 63
17610 WESTVIEW DR $520,000 5 3 2868 DETACHD 39
306 8TH ST $550,000 2 1.1 2236 DETACHD 4
17 MASARYK ST $650,000 4 3 4140 DETACHD 61
1258 HIDE A WAY LN $775,000 6 3.1 4219 DETACHD 53
2612 RIVENDELL RD $885,000 4 3 3168 DETACHD 9
1699 VILLAGE PARK LN $899,000 3 2.2 3342 DETACHD 48
5347 DENTON DR $948,000 4 2.1 3240 DETACHD 23
4060 WESTBAY RD $1,099,950 4 3.1 2738 DETACHD 2
3555 LAKE GROVE AVE $1,170,000 4 2.1 3433 DETACHD 38
17620 BLUE HERON DR $1,225,000 4 3 2466 DETACHD 23
870 TERRACE DR $1,275,000 5 3.1 4652 DETACHD 127
1066 NORTHSHORE RD $3,895,000 4 5.1 4169 DETACHD 34

SOLD (July 10-16, 2017)

Address Open Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY/ #20 $110,000 $114,500 1 1 617 CONDO 9
4 TOUCHSTONE/ #143 $220,000 $200,000 3 2.1 1351 CONDO 17
3990 CARMAN DR $244,900 $245,000 2 2.1 1098 CONDO 6
16200 PACIFIC HWY/ #9 $349,000 $370,000 2 2 1190 CONDO 3
16860 CORTEZ CT $379,900 $389,900 3 2 1056 DETACHD 3
30 BECKET ST $489,900 $492,500 3 2 2077 DETACHD 2
804 4TH ST $530,000 $550,000 3 1.1 1396 DETACHD 5
19026 INDIAN SPRINGS RD $570,000 $580,000 5 3 2971 DETACHD 4
5645 LA MESA CT $699,500 $665,000 4 3 2668 DETACHD 35
19531 RIVER RUN DR $700,000 $700,000 4 2.1 2440 DETACHD 0
19524 RIVER RUN DR $725,000 $720,000 4 2.1 2630 DETACHD 3
16 DEL PRADO ST $749,000 $735,000 4 2.1 2682 DETACHD 4
17532 OAK MEADOW LN $769,000 $769,000 5 3 3046 DETACHD 47
17517 OAK MEADOW LN $799,950 $840,000 4 2.1 2952 DETACHD 2
17549 OAK MEADOW LN $835,000 $850,000 4 3 3407 DETACHD 3
4081 PFEIFER CT $999,900 $940,000 5 3.1 4078 DETACHD 54
592 7TH ST $988,000 $943,000 2 3 2562 DETACHD 54
13599 MEADOWCREEK LN $1,059,000 $1,025,000 4 3.1 3170 DETACHD 216
1622 LESLIE LN $1,495,000 $1,425,000 5 3.2 5827 DETACHD 423
1251 FOREST MEADOWS WAY $1,575,000 $1,505,000 4 3.1 5071 DETACHD 11
1340 CHERRY LN $1,569,000 $1,569,000 4 4.2 5922 DETACHD 0
16645 GRAEF CIR $1,750,000 $1,750,000 4 4.1 3075 DETACHD 1
4423 West Bay RD $2,100,000 $2,025,000 4 3 2975 DETACHD 0
705 TERRACE DR $2,395,000 $2,200,000 4 3.1 3686 DETACHD 27

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 ~ June 19-25, 2017

Last week saw 30 New properties enter the market in Lake Oswego, 20 move to Pending status, and 23 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (June 19-25, 2017)

Address List Price # Beds # Baths Total SF Prop Type
61 OSWEGO SMT/Main $235,000 2 2 1212 CONDO
482 S STATE ST #3B $295,000 3 1 1659 CONDO
5056 FOOTHILLS DR $324,900 3 2 1252 CONDO
1198 BOCA RATAN DR $375,000 2 2.1 1729 ATTACHD
5276 OAKRIDGE RD $474,000 3 2 1600 DETACHD
18305 FERNBROOK CT $475,000 3 2 1300 DETACHD
3351 FIR RIDGE RD $479,000 3 2 1770 DETACHD
14246 CAMDEN LN $519,900 3 2.1 1933 DETACHD
1515 CLOVERLEAF RD $525,000 3 2.1 2205 DETACHD
3595 TEMPEST DR $599,000 3 2 2126 DETACHD
2665 GLEN EAGLES RD $625,000 4 2.1 2640 DETACHD
2814 OVERLOOK DR $629,000 4 2.1 3348 DETACHD
5192 COVENTRY CT $629,900 4 2.1 2259 DETACHD
8 WESTMINSTER DR $685,000 3 2.1 2689 DETACHD
17125 FERNWOOD DR $699,000 4 3 2688 DETACHD
2704 ORCHARD HILL LN $699,900 5 3 3207 DETACHD
4344 SNOWBRUSH CT $749,000 4 3.1 3255 DETACHD
3220 DUNCAN DR $750,000 4 2.1 3482 DETACHD
17645 OAK MEADOW LN $798,000 4 2.1 3723 DETACHD
2110 GREENTREE RD $799,500 4 3.1 2908 DETACHD
822 Lee ST $825,000 3 2.1 1930 DETACHD
754 OAK MEADOW CT $839,500 4 2.1 3283 DETACHD
16700 PHANTOM BLUFF CT $895,000 4 2.1 3297 DETACHD
2050 CHILDS RD $925,500 4 4 4814 DETACHD
17390 GRANDVIEW CT $989,000 4 4.2 4502 DETACHD
4189 Chad DR $998,500 5 3.1 4137 DETACHD
1643 VILLAGE PARK LN $1,100,000 4 3 4505 ATTACHD
13700 KNAUS RD $1,150,000 3 2.1 2403 DETACHD
17620 BLUE HERON DR $1,225,000 4 3 2466 DETACHD
1515 CHERRY LN $1,250,000 6 3.1 4699 DETACHD

PENDING SALES (June 19-25, 2017)

Address List Price # Bedrooms Total Baths Total SF Prop Type CDOM
6480 WASHINGTON CT $250,000 1 1 LAND DETACHD 8
16200 PACIFIC HWY #15 $329,900 2 2 1190 CONDO 13
16200 PACIFIC HWYn #9 $349,000 2 2 1190 CONDO 3
5064 FOOTHILLS DR #17 $351,000 3 2 1252 CONDO 16
16681 LAKE FOREST BLVD $365,000 3 1 936 DETACHD 37
5057 FOOTHILLS DR H $395,000 2 2 1252 CONDO 4
1311 PINE ST $550,000 3 3 2150 DETACHD 16
16998 SUMMER PL $609,900 4 2.1 2448 DETACHD 24
6 MONTICELLO DR $650,000 3 3 3020 DETACHD 21
762 MAPLE ST $715,000 3 2.1 2340 DETACHD 11
19431 KOKANEE CT $715,000 4 2.1 2214 DETACHD 3
21 WESTRIDGE DR $719,900 4 2.1 3202 DETACHD 13
22 INDEPENDENCE AVE $745,000 5 4 4138 DETACHD 93
4850 LOWER DR $774,900 4 3 2700 DETACHD 11
5366 ROSALIA WAY $915,000 5 3.1 3579 DETACHD 15
14750 UPLANDS DR $950,000 4 3 3387 DETACHD 35
16 DOVER WAY $1,395,000 5 5.1 8147 DETACHD 4
13877 AMBERWOOD CIR $1,699,000 4 4.1 5851 DETACHD 11
16793 GRAEF CIR $2,195,000 4 3.1 4680 DETACHD 165
13560 FIELDING RD $2,688,000 5 5.1 5308 DETACHD 124

SOLD (June 19-25, 2017)

Address Opening Closed # Beds # Baths Total SF Prop Type CDOM
169 OSWEGO SMT #169 $199,999 $197,000 2 2 1383 CONDO 352
6924 MONTAUK CIR $235,000 $250,136 3 2 1092 CONDO 3
224 RIDGEWAY RD / Upper $249,900 $254,000 1 1 700 CONDO 29
4469 GOLDEN LN $325,000 $312,000 2 2.1 1888 CONDO 38
5052 FOOTHILLS DR G $329,900 $325,000 2 2 1252 CONDO 9
7 ORIOLE LN $392,500 $403,000 3 2.1 2161 DETACHD 4
568 2ND ST $489,000 $462,000 2 2.1 1395 ATTACHD 76
18851 SW INDIAN SPRINGS CIR $480,000 $480,000 3 2 1903 DETACHD 0
2030 GREENTREE RD $489,900 $510,000 3 2 1598 DETACHD 6
16809 CORNELL ST $535,000 $535,000 3 3.1 3034 DETACHD 87
1508 CEDAR ST $547,000 $555,000 4 2 1939 DETACHD 1
18791 INDIAN CREEK WAY $545,000 $564,000 3 2 1965 DETACHD 4
1641 DEVON LN $599,900 $584,500 3 2.1 2013 DETACHD 67
17071 REBECCA LN $599,900 $590,000 3 3 2278 DETACHD 107
16695 GLENWOOD CT $715,000 $634,000 4 3 3060 DETACHD 112
14313 AMBERWOOD CIR $724,900 $665,000 3 2 2343 DETACHD 32
41 CHURCHILL DOWNS $679,000 $690,000 4 3.1 2763 DETACHD 5
1403 GREENTREE CIR $829,000 $765,000 5 4.1 4047 DETACHD 72
171 5TH ST $875,000 $800,000 3 1 1910 DETACHD 16
1100 TYNDALL CT $889,500 $865,000 3 2.1 3142 DETACHD 55
15700 TWIN FIR RD $889,000 $897,000 3 2.1 2731 DETACHD 2
725 OAK MEADOW CT $1,119,000 $1,070,000 4 2.2 3753 DETACHD 27
401 9TH ST $1,390,000 $1,285,000 4 3.1 4288 DETACHD 240

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 ~ May 29-June 4, 2017

Last week saw 15 New properties enter the market in Lake Oswego, 22 move to Pending status, and 26 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (May 29-June 4, 2017)

Address List Price # Beds # Baths Total SF Prop Type
210 RIDGEWAY RD #13B $249,900 1 1 778 CONDO
668 MCVEY AVE #55 $289,900 1 1 636 CONDO
210 S STATE ST #7 $315,000 2 2 1284 CONDO
1232 CORNELL ST $365,000 3 1 1536 DETACHD
16538 CARNEGIE AVE $429,900 3 2 1182 DETACHD
836 OAK ST $540,000 3 3 2856 DETACHD
17610 WESTVIEW DR $550,000 6 3 2868 DETACHD
5105 ROSEWOOD ST $629,000 4 2 1848 DETACHD
6 MONTICELLO DR $675,000 3 3 3020 DETACHD
18470 RAY RIDGE DR $800,000 4 2.1 3902 DETACHD
18440 DELENKA LN $869,000 4 3.1 4668 DETACHD
14167 TAYLORS CREST LN $948,000 4 2.1 3675 DETACHD
15804 ALLISON PL $1,049,000 4 2.1 3751 DETACHD
4047 WESTBAY RD $1,275,000 4 2 2705 DETACHD
16661 PHANTOM BLUFF CT $3,995,000 5 5.1 5371 DETACHD

PENDING SALES (May 29-June 4, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWYb #49 $158,900 2 1.1 823 CONDO 5
210 S STATE ST #1 $365,000 2 1.1 1767 CONDO 10
117 3RD ST #117 $448,000 2 2 1056 CONDO 7
568 2ND ST $475,000 2 2.1 1395 ATTACHD 76
1108 CEDAR ST $489,900 3 1.1 1206 DETACHD 11
5189 TREE ST $524,900 3 2 1470 DETACHD 49
16998 SUMMER PL $609,900 4 2.1 2448 DETACHD 4
2405 DELLWOOD DR $624,500 5 3 2336 DETACHD 6
4865 SAGE HEN WAY $635,000 4 2.1 2323 DETACHD 25
9 DEL PRADO ST $689,900 4 3 2930 DETACHD 3
3355 UPPER DR $699,000 4 2 3126 DETACHD 76
14313 AMBERWOOD CIR $699,900 3 2 2343 DETACHD 32
496 10TH ST $825,000 4 2 1854 DETACHD 27
4991 CASCARA LN $825,000 4 3.1 3648 DETACHD 7
2886 UPPER DR $848,900 4 3 2498 DETACHD 13
2764 RIVENDELL RD $899,900 5 2.1 3451 DETACHD 15
5349 CARMAN GROVE LN $899,900 4 3 2847 DETACHD 41
4081 PFEIFER CT $949,900 5 3.1 4078 DETACHD 54
4665 FIRWOOD RD $969,000 3 2.1 2541 DETACHD 2
1120 HOODVIEW LN $1,089,000 4 3 3909 DETACHD 110
975 ENGLEWOOD DR $1,275,000 5 3.1 4024 DETACHD 13
4300 HAVEN ST $1,299,000 4 3.1 4312 DETACHD 212

SOLD (May 29-June 4, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
111 Oswego Summit #111 $195,500 $206,700 1 1 764 CONDO 21
668 MCVEY AVE #43 $219,000 $219,000 1 1 636 CONDO 4
5056 FOOTHILLS DR #58 $339,900 $339,400 2 2 1252 CONDO 7
5053 FOOTHILLS DR #F $365,000 $374,000 3 2 1252 ATTACHD 15
1410 SPRUCE ST $439,900 $457,900 3 2 1242 DETACHD 2
16500 LEXINGTON CT $550,000 $540,000 2 2 1688 DETACHD 7
56 AQUINAS ST $529,000 $540,000 4 3 2119 DETACHD 10
4967 BILFORD LN $545,000 $560,000 2 2 1753 DETACHD 6
2401 MAYORS LN $595,000 $565,000 3 3 3004 DETACHD 32
17085 CHAPIN WAY $619,900 $575,000 3 3 3330 DETACHD 20
1475 LABURNUM WAY $549,000 $605,000 3 2.1 1748 DETACHD 3
46 DA VINCI ST $659,900 $629,000 4 3 3378 DETACHD 34
1264 HIDE A WAY LN $642,000 $642,000 4 2.1 2674 DETACHD 0
5923 BAY POINT DR $650,000 $650,000 4 3 1763 DETACHD 0
5656 LA MESA CT $729,950 $665,000 4 3 2748 DETACHD 214
2485 MARYLSHIRE LN $649,900 $665,000 3 3 2844 DETACHD 5
17020 CHAPIN WAY $675,000 $675,000 4 3 3258 DETACHD 60
1411 CHERRY CREST DR $728,000 $699,900 8 4.3 3155 DETACHD 21
524 WEIDMAN CT $819,000 $800,000 4 2.1 3450 DETACHD 21
17024 CANAL CIR $620,000 $850,000 3 1 1267 DETACHD 645
17448 OAK MEADOW LN $799,900 $850,000 4 2.1 3427 DETACHD 4
203 RIDGEWAY RD $999,000 $927,500 4 3.1 3624 DETACHD 646
17577 BROOKHURST DR $995,000 $995,000 4 2.1 3894 DETACHD 6
4230 SUNSET DR $1,200,000 $1,175,000 4 2.1 3250 DETACHD 14
148 5TH ST $1,525,000 $1,441,419 4 3.1 3540 DETACHD 119
18000 EASTRIDGE LN $1,750,000 $1,700,000 4 4.1 5610 DETACHD 69

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.