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Market Activity ~ Feb 2-8, 2015

Here comes the sun!
The market is pretty steady right now, and all reports are that the Buyers are out in force.

Here is your Latest Market Data: Last week in Lake Oswego we saw 18 New properties enter the market, 22 move to Pending status, and 10 “Closed”/Sold!

Following is the breakdown for you according to RMLS:

NEW on Mkt (Feb 2-8, 2015)

Address List Price # Beds # Baths Total SF Prop Type
1260 HALLINAN ST $298,000 3 1.1 1325 DETACHD
5061 FOOTHILLS DR $199,950 2 2 991 CONDO
0 Atherton 950000 – 1187500 4 4 3415 DETACHD
14128 EDENBERRY DR $749,900 4 2.1 3168 DETACHD
14034 TAYLORS CREST LN $869,000 5 3.2 4007 DETACHD
320 CERVANTES CIR $129,900 2 1 832 CONDO
4 TOUCHSTONE $178,500 3 2.1 1351 CONDO
4 TOUCHSTONE $160,000 3 2.1 1351 CONDO
2701 LAKEVIEW BLVD $724,500 3 2.1 2289 DETACHD
2701 LAKEVIEW BLVD $724,500 3 2.1 2264 DETACHD
368 CERVANTES CIR $129,500 2 1 882 CONDO
17749 LEAFY LN $579,900 2 3 3300 DETACHD
910 TERRACE DR $1,200,000 4 2.1 3934 DETACHD
4070 VIRGINIA WAY $747,500 3 2.1 3510 DETACHD
6310 ALYSSA TER $465,000 4 2.1 2452 DETACHD
127 DEL PRADO ST $459,000 4 3 2310 DETACHD
17617 ARBOR LN $390,000 3 2 1745 DETACHD
18975 INDIAN SPRINGS RD $437,900 4 2.1 1910 DETACHD

PENDING SALES (Feb 2-8, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
1539 LAKE FRONT RD $1,200,000 4 3.1 3385 DETACHD 119
15365 TWIN FIR RD $449,000 3 1 1201 DETACHD 198
13286 GOODALL RD $1,750,000 5 5.3 6819 DETACHD 142
49 BRIARWOOD RD $950,000 3 2 2412 DETACHD 67
18414 OLD RIVER LNDG $1,795,000 4 4.2 6498 DETACHD 553
15885 WHITE OAKS DR $625,000 4 2.1 2802 DETACHD 55
1401 GREENTREE CIR $419,000 3 2 1800 DETACHD 165
834 6TH ST $459,000 2 1 1062 DETACHD 94
1653 DEVON LN $485,000 4 3 3181 DETACHD 153
18224 BELLA TERRA DR $1,175,000 4 3.1 4050 DETACHD 210
1033 Spruce ST $499,500 2 2.1 1562 DETACHD 28
4504 WILDWOOD ST $399,900 3 2 1655 DETACHD 0
43 CONDOLEA CT $365,000 2 2.1 2157 CONDO 12
808 ELLIS AVE $514,900 3 2.1 2108 DETACHD 28
13024 ROGERS RD $769,000 4 3.1 3333 DETACHD 0
1015 SOUTHSHORE BLVD $629,000 4 3 3882 DETACHD 3
5487 TUALATA CT $339,455 3 2 1200 DETACHD 1
751 BRIERCLIFF LN $528,950 4 3 2534 DETACHD 32
17171 LOWENBERG TER $739,000 4 2.1 3002 DETACHD 118
121 LEONARD ST #C $185,000 2 2 1118 CONDO 131
2286 WEMBLEY PARK RD $699,000 3 3 2000 DETACHD 65
4104 LAKEVIEW BLVD $429,000 4 2 2252 DETACHD 66

SOLD  (Feb 2-8, 2015)

Address Open Price Close Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #40 $89,500 $85,000 1 1 696 CONDO 51
4077 JEFFERSON PKWY $234,500 $234,500 2 2.1 1462 CONDO 24
6101 HARRINGTON AVE $359,000 $361,500 3 2.1 1400 DETACHD 62
2751 SUMMIT DR $648,950 $655,000 3 2 2418 DETACHD 145
19211 TERRY AVE $370,000 $370,000 4 2 1872 DETACHD 41
4080 COLTSFOOT LN $525,000 $525,000 4 2.1 2884 DETACHD 0
18177 DELENKA LN $830,000 $787,500 5 2.2 3802 DETACHD 131
1075 OAK TER $340,000 $350,000 3 2 1356 DETACHD 29
616 4TH ST $1,049,000 $1,049,000 4 2.1 3034 DETACHD 0
3554 TEMPEST DR $449,007 $454,000 3 2.1 2279 DETACHD 4

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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The 10 days of the Inspection Period

Inspections! Inspections! Inspections!

So as my learning experience continues to chug along like the little real estate choo choo train that it is; I have come to really value what is found during the home inspections process and I’d like to share some of my experience with you!

First of all I cannot stress how critical the inspection time period is: From the moment an offer is accepted (and all counters are considered) your inspection period starts.

In our contract it states:
”Buyer shall have ___ business days (ten [10] if not filled in), after the date Buyer and Seller have signed this Agreement (hereinafter the “Inspection Period”), which is to complete all inspections and negotiations with Seller regarding any matters disclosed in any inspection report.”

Now! I don’t want to get too preachy, as our contract has a WEALTH of information that protects both our buyers and sellers. But this portion is super important. Basically what it is saying is that once your offer (as a buyer) is accepted then you have 10 business days to fully inspect the home that you are about to buy. At the end of the 10 business days the inspection period closes and it will be assumed that as the buyer you are accepting the house as is!

How you should see this; is as your safety net for an investment and start your inspections ASAP once you enter those 10 days. The sooner you can collect further information on the house the better, as you will want to further negotiate with the seller about the things you have found.

Now I know that those out there who have the sale of their house in mind are thinking:

“Hey wait a minute! What about me? The sale of my home is my investment as well!”

And that is absolutely correct! During the inspection period it will be critical for you as the seller to allow the buyer to perform these inspections so that they may gather the necessary information on the house, and hopefully buy it from you. Whatever comes back to you as a critical or necessary change to the property (that the buyer wishes to express) becomes your knowledge as well, and as a seller you will want to know.

Now during these 10 business days of the Inspection Period, a buyer can at any time unconditionally disapprove of the house due to the found inspections and leave the contract. Say for instance the entire main bathroom floor is rotted and neither buyer nor seller can afford the costly repair at this time, the buyer can decide to politely take his leave as well as his earnest money.

So all in all I wish to communicate that getting your inspections done promptly once entering into a contract to buy a home is super important for everybody involved. 10 business days may seem like a fair amount of time, but by no means is it a time to put off. The inspection period time is your time in your investment.

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Market Activity Jan 26- Feb 1, 2015

It is time to stay up-to-date with what is going on in Lake Oswego’s Real Estate scene! Looks like we have some beautiful new homes that have reached the market that are absolutely worth taking a look at. LOTS of pending properties (23 to be exact!), so we’ll all have some new neighbors soon! And 8 sold homes that will be all moved in hopefully by St. Valentines Day!

Following is the breakdown for you according to RMLS:

New on the Market (Jan 26- Feb 1, 2015)

Address Type Price Bedrooms Bathrooms Sqft
86 KINGSGATE RD E102 CONDO 129,900 2 2 924
5225 JEAN RD #311 CONDO 170,000 2 2 1100
210 S STATE ST #7 CONDO 249,000 2 2 1284
1033 HALLINAN ST DETACHED 309,900 3 1 936
3190 DUNCAN DR DETACHED 400,000 3 2.5 2401
19 MONTECELLO DR DETACHED 479,900 6 3 3678
6 NORTHVIEW CT ATTACHED 532,500 4 3.5 3200
2518 WEMBLEY PARK RD DETACHED 1,395,000 – 1,495,000 5 4 4200

Pending Sales (Jan 26- Feb 1, 2015)

Address Type Price Bedroom Bathrooms Sqft DOM
1 SW CRESTFIELD CT CONDO 95,000 1 1 689 18
336 CERVANTES CIR CONDO 139,500 2 1.5 1112 87
28 CRESTFIELD CT CONDO 145,000 2 2 995 3
48 EAGLE CREST DR CONDO 184,900 3 2 1623 10
16351 PACIFIC HWY DETACHED 339,900 3 3 1754 18
5053 W SUNSET DR ATTACHED 375,000 2 2.5 1720 2
1327 CEDAR ST DETACHED 399,900 4 2 2350 26
14201 DOLPH CT DETACHED 449,000 3 2 1864 11
12460 BOONES FERRY RD DETACHED 449,950 5 3 3650 493
8 WALKING WOODS DR DETACHED 515,000 4 3 3105 25
4959 BILFORD LN DETACHED 549,900 3 2.5 2456 4
5590 KILCHURN AVE DETACHED 559,900 4 2.5 2472 68
4729 FIRWOOD RD DETACHED 569,900 3 2.5 2594 87
1625 BEDFORD CT DETACHED 595,000 2 2.5 2462 9
12511 SHELBY CT DETACHED 599,900 5 3.5 3641 80
17838 MARYLCREEK DR DETACHED 735,000 4 3.5 4317 35
15203 LILY BAY CT DETACHED 779,000 4 2.5 3219 1
5868 SUNCREEK DR DETACHED 795,000 4 2.5 3164 9
1034 CEDAR ST DETACHED 799,500 4 3.5 2895 13
2065 RIDGE POINTE DR DETACHED 849,900 5 4 4790 246
1136 WESTWARD HO DR DETACHED 895,000 3 2.5 3344 296
1057 BULLOCK ST DETACHED 945,000 4 3.5 4700 185
1854 OAK KNOLL CT DETACHED 1,075,000 3 3 3351 147

Sold/Closed (Jan 26- Feb 1, 2015)

Address Type List Price Close Price Sqft DOM
40 OSWEGO SUMMIT CONDO 151,900 148,000 1140 224
4765 FIRWOOD RD DETACHED 325,000 355,000 1728 3
4940 CENTERWOOD ST DETACHED 425,000 435,000 2093 3
4630 WILDWOOD ST DETACHED 469,850 460,000 2067 83
4636 AUBURN LN ATTACHED 499,900 464,000 2732 118
401 ASH ST DETACHED 699,900 555,000 5048 414
18375 RIVER EDGE LN DETACHED 897,950 846,500 3400 27
5055 LAKEVIEW BLVD DETACHED 890,000 925,032 3498 28

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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Historic Homes

107 Burnham Rd, The Tug Master's House, circa 1905
107 Burnham Rd, The Tug Master’s House, circa 1905
I think we have all heard of the National Register of Historic Places and have a vague idea that it means you get tax breaks and have to let the public in your house occasionally. At least that is a notion I have had for some time. That is until recently.

Lake Oswego has many historic properties. Touring a home that is currently for sale, a 1920’s church that has been converted to a home, the subject came up and I got curious for details. What I learned is quite different from what my perception had been.

First of all, the requirement to allow the public into your home is long gone. It simply isn’t safe to allow strangers into your home. Second, there are not a lot of tax benefits to the designation. If you own or are buying a home with historic designation it really is about the love of the property and the desire to preserve it.

There are several designations.

1125 Maple St, The Black House, circa 1933
1125 Maple St, The Black House, circa 1933
The most famous is run by the United States Park Service and is the National Register of Historic Places. To have this designation the property us usually at least 50 years old. It is also either architecturally significant or has been the home of a famous individual or was the location of a famous event. This is by far the most prestigious designation. Lake Oswego has 17 properties that are on the National Register, 13 of which are houses. To find a list of these properties, click here. At the National level there are no tax benefits for these historic properties. At the state level, there are.

The State of Oregon runs its own historic registry that is pretty much all of the Oregon properties that are on the National Historic Registry. The state does offer a tax incentive, but it is tied into the preservation of the property. Essentially you have to propose and get approved a plan that would take 10% of the current market value of the property and apply that same amount of money over the course of 10 years to do substantial rehabilitation projects on the property. Preference is given to projects that improve and maintain the exterior. When finished, you must place an approved plaque on the exterior. In return for doing this, your property taxes are frozen for the same 10 years. For more information about this program, click here.

The last historic designation is local. Lake Oswego has its own historic designation list. There are currently 72 properties on this list. The owners of these properties must retain the character of the exterior, but they can remodel the interior. Any exterior alterations must be consistent with the buildings historic character, and any changes made are subject to review and approval of the Development Review Commission. The City has also, in the past, made available grants of up to $2000 for restoration and preservation of these properties. For the list of Lake Oswego properties, click here.

16906 Cherry Crest Dr, The Laidlaw House, circa 1930
16906 Cherry Crest Dr, The Laidlaw House, circa 1930
I personally really love old homes. My current home was built in 1923 and is likely the original farm house in my Lake Grove neighborhood. I also appreciate when old homes are preserved and neighborhood character is retained. First Addition is a superb example of this. Don’t get me wrong, I love new houses too. For spacious floor plans and large closets, that is the better option. Perhaps the perfect house is a new one that is built in the old style. There are quite of those in Lake Oswego as well.

The bottom line is that I really value and appreciate the efforts at all levels, local to National, that encourages the preservation of historic properties. Perhaps you do as well.

Dianne

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Market Activity Jan 19-25, 2015

Here is your Latest Market Data: Last week in Lake Oswego we saw 12 New properties enter the market, 20 move to Pending status, and 6 “Closed”/Sold!

Following is the breakdown for you according to RMLS:

New on the Market (Jan 19-25, 2015)

Address Type Price BR Bths SF
48 Eagle Crest Dr Condo $184,900 3 2 1623
43 Condolea Ct Condo $365,000 2 2.5 2157
13901 Sundeleaf Dr Detached $399,000 4 3 1900
14201 Dolph Ct Detached $449,000 3 2 1864
886 9th St Detached $469,500 2 1 860
18929 Terry Ave Detached $499,900 4 2 2441
4959 Bilford Ln Detached $549,900 3 2.5 2456
1625 Bedford Ct Detached $595,000 2 2.5 2462
5868 Suncreek Dr Detached $795,000 4 2.5 3164
18360 River Edge Ln Detached $957,000 4 2.5 3738
17320 Lake Haven Dr Detached $1,235,000 4 3 2703
17388 Cedar Rd Detached $2,395,000 4 3.5 4276

Pending Sales (Jan 19-25, 2015)

Address Type Price BR Baths SF DOM
15 Oswego Summit Condo $106,000 2 2 1212 282
48 Eagle Crest Dr 1C Condo $123,500 2 2 1370 149
3930 Lake Grove Ave A1 Condo $130,000 2 1 952 92
15868 Parker Rd Detached $219,950 2 1 780 5
48 Eagle Crest Dr 1A Condo $250,000 3 2.5+.5 1550 6
5695 Washington Ct Detached $349,900 3 2 1769 9
17251 Greentree Ave Detached $414,950 4 2.5 2728 45
143 Kingsgate Rd Detached $450,000 3 2 2618 131
4733 Firwood Rd Detached $474,900 4 3 2310 152
14372 Camden Ln Detached $519,900 3 2.5 2348 52
18495 Tamaway Dr Detached $548,000 4 2.5 2680 11
1585 Patton Rd Detached $550,000 4 3 3162 257
18910 Terry Ave Detached $590,000 4 4.5 4290 16
4261 Cobb Way Detached $595,000 3 3 2345 10
2762 Vale Ct Detached $630,000 4 3 2709 7
435 7th St Detached $639,000 2 2 2010 175
3877 Tempest Dr Detached $690,000 4 2.5 3237 4
1287 Bickner St Detached $699,500 4 3.5 2665 103
17694 Marylbrook Dr Detached $719,000 3 2 2758 2
1766 Palisades Terrace Drd Detached $750,000 4 2.5 2792 190

Sold/Closed (Jan 19-25, 2015)

Address Type List Price Closed Price Sq Ft CDOM
5048 Tree St Detached $310,000 $305,000 1232 21
5275 Oakridge Rd Detached $349,900 $350,000 1267 22
4631 Wildwood St Detached $399,900 $355,635 1650 120
2131 Wembley Park Rd Detached $579,000 $555,000 3,905 24
820 Fairway Rd Detached $1,189,000 $1,100,000 3758 331
17129 Kelok Rd Detached $1,299,000 $1,299,000 2894 86

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

The latest real estate numbers for Portland and the Lake Oswego/West Linn areas (RMLS lumps them together) are in.  It shouldn’t come as a surprise that numbers are up for 2014. December saw some customary slowing from November, but overall, the year’s totals look pretty darned good.

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

  • At 2,239, December Closed Sales rose 15.6% over the month prior, and were up a full 25.6% from December of 2013’s 1,782.
  • December Pending Sales (accepted offers), at 1,667, were down quite a bit…20.3%  from the month prior (which is somewhat understandable during the holidays).  That said, the Pending sales are up a full 12.3% over December 2013‘s 1,484.
  • There were 1,540 New Listings in December which was 19.9% down from November, but up 15.5% from December of 2013’s 1,333.
  • The Average Sale Price in December of $331,600 was down $4,400 from the month prior. The year 2014 finished with an Average Sale Price of $333,000, which is up 7.2% over 2013‘s finishing number which was $310,600.

__________________________________________

The combined areas of Lake Oswego and West Linn  for the month of December 2014 reported:

    • 348 Active Listings
    • 79 New Listings
    • 81 Pending Sales  (up 6.6% over December 2013)
    • 117 Closed Sales
    • An Average Sale Price for December of $512,500.
    • Average Sale Price for Year to Date (so…2014) of $527,500. (up 9.5% over 12 month rolling average in 2013)
    • Average Time on the Market: 105 Days
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Market Activity ~ Jan 12-18, 2015

Here is your Latest Market Data: Last week in Lake Oswego we saw 18 New properties enter the market, 13 move to Pending status, and 9 “Closed”/Sold!

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 12-18, 2015)

Address List Price # Beds # Baths Total SF Prop Type
2707 SOUTHSHORE BLVD $1,485,000 3 3.1 3122 DETACHD
1059 BAYBERRY RD $1,399,950 4 3.1 3456 DETACHD
1422 ASH ST $337,500 4 3 2583 DETACHD
48 SPINOSA $462,500 3 2.1 2848 DETACHD
2762 VALE CT $630,000 4 3 2709 DETACHD
3877 TEMPEST DR $690,000 4 2.1 3237 DETACHD
507 ASH ST $980,000 2 3.1 3000 DETACHD
16200 PACIFIC HWY #21 $269,000 2 2 1190 CONDO
16200 Pacific Hwy #24 $269,000 2 2 1190 CONDO
19415 SYCAMORE AVE $549,900 4 2 1584 DETACHD
5695 WASHINGTON CT $349,900 3 2 1769 DETACHD
4261 COBB WAY $595,000 3 3 2362 DETACHD
1 SW CRESTFIELD CT LWR $95,000 1 1 689 CONDO
18418 OLD RIVER LNDG $1,895,000 4 3.2 5204 DETACHD
1034 CEDAR ST $799,500 4 3.1 2895 DETACHD
48 EAGLE CREST DR #1A $250,000 3 2.2 1550 CONDO
321 5TH ST $799,000 4 3.1 2800 DETACHD
12448 ORCHARD HILL RD $650,000 4 3 3336 DETACHD

PENDING SALES (Jan 12-18, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4636 AUBURN LN $485,000 3 3.1 2732 ATTACHD 118
4080 COLTSFOOT LN $525,000 4 2.1 2884 DETACHD 0
526 S STATE ST $167,500 2 1 914 CONDO 92
4630 WILDWOOD ST $464,900 3 2 2067 DETACHD 83
15885 WHITE OAKS DR $625,000 4 2.1 2802 DETACHD 36
2 PIMLICO TER $500,000 4 2.1 2301 DETACHD 83
568 9TH ST $925,000 3 3.1 2825 DETACHD 43
47 ORIOLE LN $385,000 3 2.1 1958 DETACHD 123
12830 ALTO PARK RD $939,000 4 3.1 3478 DETACHD 330
1460 GREENTREE CIR $399,900 3 2 1791 DETACHD 3
1008 SPRUCE ST $535,000 3 2.1 1765 DETACHD 6
123 CONDOLEA DR $375,000 3 3 2143 CONDO 153
324 4TH ST $450,000 2 2.1 1731 ATTACHD 4

SOLD  (Jan 12-18, 2015)

Address Open Price Closed Price # Beds # Baths Total SF Prop Type CDOM
1228 OAK ST $399,950 $402,000 3 2 1603 DETACHD 4
18951 INDIAN SPRINGS CIR $449,900 $465,000 5 3 2865 DETACHD 3
18650 TUALATA AVE $700,000 $735,000 4 4 3196 DETACHD 261
86 KINGSGATE RD #G203 $144,900 $132,000 2 2 849 CONDO 77
179 FURNACE ST $1,698,000 $1,590,000 3 3.1 4784 CONDO 47
16250 PACIFIC HWY #76 $345,000 $180,000 3 2 1767 CONDO 122
754 5TH ST $770,000 $755,000 3 3 2179 DETACHD 91
86 KINGSGATE RD #H102 $136,900 $127,500 2 2 849 CONDO 29
706 5TH ST $300,000 $417,500 4 2 1824 DETACHD 16

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 5-11, 2015

Now that the New Year has gotten off to a pretty good start and we are eagerly looking forward to spring market, lets have a look see at some of our new inventory! As well as many of our pending sales. Looks like condos are doing well! Word on the street (beautiful Lake Oswego streets that is!) that this spring term is shaping up to looking pretty full of activity!

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 05-11, 2015)

Address Type Price Bedrooms Bathrooms Sqft
16351 PACIFIC HWY DETACHED 339,900 3 3 1754
578 2ND ST #6 CONDO 425,000 2 2.5 1394
4909 LOWER DR DETACHED 425,000 4 2.5 1992
1033 SPRUCE ST DETACHED 495,000 2 2.5 1562
808 ELLIS AVE DETACHED 514,900 3 2.5 2108
751 BRIERCLIFF LN DETACHED 528,950 4 3 2534
1008 SPRUCE ST DETACHED 535,000 3 2.5 1765
18495 TAMAWAY DR DETACHED 548,000 4 2.5 2680
1119 OAK ST DETACHED 549,900 4 2.5 2123
1011 SPRUCE ST DETACHED 565,000 3 2.5 1930
8 DEL PRADO ST DETACHED 599,900 5 3 3548
19242 INDIAN SPRINGS RD DETACHED 749,900 4 2.5 3365
13643 MELROSE PL DETACHED 839,900 4 4 4146

PENDING SALES (Jan 05-11, 2015)

Address Type Price Bedroom Bathrooms Sqft DOM
47 EAGLE CREST DR #40 CONDO 89,500 1 1 696 51
6 CERVANTES CIR CONDO 139,500 2 1.5 912 77
4077 JEFFERSON PKWAY CONDO 234,500 2 2.5 1462 24
1803 BOCA RATAN DR ATTACHED 297,000 3 2.5 1739 44
18275 TERRY CT DETACHED 309,000 3 1.5 1270 228
6138 SW KENNY ST DETACHED 314,000 3 1.5 1190 5
6101 HARRINGTON AVE DETACHED 364,000 3 2.5 1400 62
852 5TH ST DETACHED 379,000 2 1 738 34
3554 TEMPEST DR DETACHED 449,007 3 2.5 2279 4
17190 ROBB PL DETACHED 450,000 4 3 1896 54
1560 LABURNUM WAY DETACHED 499,900 3 2 1773 1
3254 DUNCAN DR DETACHED 499,999 4 3.5 3997 499
12 SCARBOROUGH DR DETACHED 499,999 4 2.5 2943 187
14353 HOLLY SPRINGS RD CONDO 525,000 4 3 2238 129
909 LAKE FRONT RD DETACHED 565,000 4 3 2916 481
3700 MARQUIS CT DETACHED 919,900 4 2.5 4251 69

SOLD (Jan 05-11, 2015)

Address Type List Price Close Price Sqft DOM
4619 LAKEVIEW BLVD D-3 CONDO 92,000 91,500 753 28
86 KINGSGATE RD C203 CONDO 139,500 139,500 924 4
4000 CARMAN DR #5 CONDO 145,000 145,500 1361 4
4089 JEFFERSON PKWY CONDO 199,950 207,500 1361 8
5344 TUALATA CT DETACHED 349,355 344,927 1263 45
571 2ND ST CONDO 589,500 589,500 1561 18
17410 UPPER CHERRY LN DETACHED 898,000 725,000 4586 141
3100 WESTVIEW CT DETACHED 929,000 880,000 3750 17

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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10 Very LO Things to do in 2015

New Year, new beginnings, time to make some plans for 2015. Here are my suggestions for some distinctly LO events to fit into your plans for the coming year:

1. Try an established or new restaurant. There are soooooo many to choose from. Gubanc’s for lunch (homemade soup), Riccardo’s for a summer evening on the patio, LaVang for unbeatable Pho, St Honore or Babica Hen for breakfast, Happy Hour at Five Spice, the list goes on and on. I recently tried Aji Tram, the fresh Asian fusion place on the corner of Bryant and Lakeview. It was fantastic! A bit loud with sports on big-screen TVs, but it was fun! Food was great and our little gathering really enjoyed ourselves.

2. Festival of the Arts in June. This is a a must do. Both the juried fine art show and the craft fair are a pleasure. I enjoy the art and like to hunt for a special find whether it is a gift for a friend or something special for myself.

Guardian of the Lake 2014 People's Choice Winner
Guardian of the Lake
2014 People’s Choice Winner
3. A walking tour of Gallery Without Walls. The exhibition changes every year. It is always exciting when the new exhibits are unveiled.

4. A walk or bike ride around the lake. OK, do this more than once. Do it lots! Views of the lake and magnificent homes make the time fly and the workout is awesome!

5. Attend a 4th of July parade and then fireworks over the lake.

6. Attend the Lake Oswego Heritage Council Home Tour. This is a major fund raiser for the Heritage Council and also an opportunity to get into private homes that are AMAZING.

7. Volunteer to pull ivy at one of the City Parks or Nature areas.

8. Volunteer to help in one of the schools.

Summer 2013 0799. Attend one of the City’s outdoor summer concerts.

10. Attend the annual lighting of the City Christmas Tree on the day after Thanksgiving!

There is so much more to do that just simply isn’t on this list. The point is that there is lots to do. I know I have had years where I do more or less than other years, but I also think that when I look back on years that I have really enjoyed, they have been years when I have gotten out and really involved in what is going on in Lake Oswego.

We here at the blotter want to wish you a very happy 2015! May you experience good health, prosperity, and many happy LO memories!

And for those of you who would like to challenge your knowledge of LO, here is a quiz courtesy of Pamplin Media: http://www.pamplinmedia.com/lor/48-news/245367-112146-so-you-think-you-know-lake-oswego

Happy New Year,
Dianne

Posted on

Market Activity Dec 22-28, 2014

You’d think the real estate market would have been slow and quiet last week due to the holidays, but nope, it was rather busy. Just 4 houses came onto the market, but 16 went pending (yep, people out looking at houses and not rushing home to carve the turkey), and 10 houses became closed sales.

I don’t recall a Christmas with this many pending sales. I too had an active buyer last week. With inventory a bit down right now, there are just not a lot of houses to choose from. We encountered 3 different houses they were interested in last week and all 3 had multiple offers. We were able to put a deal together on the one that was their top choice, but it really surprised me that the week of Christmas was that competitive. It makes me feel that perhaps our spring market will start early.

New Listings December 22-28, 2014

4765 Firwood Rd, Detached, 3 BR, 2 Baths, 1728SF, $325,000

14 Hotspur, Detached, 4 BR, 2.5 Baths, 2726SF, $599,900

17838 Marylcreek Dr, Detached, 4 BR, 3.5 Baths, 4317SF, $750,000

159 5th ST, Detached, 4 BR, 3 Baths, 2970SF, $895,000

Pending Sales December 22-28, 2014

43 Crestfield Ct, Condo, 2 BR, 1 Bath, 923SF, $101,000, 64 DOM

3930 Lake Grove Ave, Detached, 2 BR, 1 Bath, 952SF, $139,900, 36 DOM

40 Oswego Summit, Condo, 2 BR, 2 Baths, 1140SF, $151,900, 224 DOM

76 Galen Rd, Condo, 2 BR, 2 Baths, 989SF, $166,900, 46 DOM

9765 Firwood Rd, Detached, 3 BR, 2 Baths, 1728SF, $325,000, 3 DOM

5275 Oakridge Rd, Detached, 3 BR, 1 Bath, 1267SF, $349,900, 22 DOM

1075 Oak Terrace, Detached, 3 BR, 2 Baths, 1356SF, $349,900, 29 DOM

4631 Wildwood St, Detached, 3 BR, 2 Baths, 1650SF, $374,900, 120 DOM

5907 Fernbrook Circle, Detached, 5 BR, 2 Baths, 1892SF, $399,900, 175 DOM

4940 Centerwood St, Detached, 4 BR, 2.5 Baths, 2093SF, $425,000, 3 DOM

533 2nd St, Condo, 2 BR, 2 Baths, 1274SF, $465,000, 46 DOM

2751 Summit Dr, Detached, 3 BR, 2 Baths, 2418SF, $658,950, 145 DOM

27 Berwick Rd, Detached, 5 BR, 3 Baths, 2968SF, $715,000, 2 DOM

18177 Delenka Ln, Detached, 5 BR, 2.5+.5 Baths, 3802SF, $830,000, 131 DOM

1267 Cherry Ln, Detached, 4 BR, 2 Baths, 3311SF, $849,000, 259 DOM

179 Furnace St, Condo, 3 BR, 3.5 Baths, 4784SF, $1,698,000, 47 DOM

Closed Sales December 22-28, 2014

4610 Lower Dr, Condo, List $114,900, Closed $114,900, 1260SF, 46 DOM

129 Kingsgate Rd, Detached, List $300,000, Closed $300,000, 1604SF, 381 DOM

1437 Oak St, Detached, List $349,000, Closed $358,000, 1070SF, 4 DOM

1405 Cedar St, Detached, List $375,000, Closed $395,000, 2570SF, 3 DOM

1318 Laurel St, Detached, List $439,900, Closed $440,000, 1649SF, 2 DOM

1045 Bullock St, Detached, List $568,000, Closed $559,000, 2105SF, 11 DOM

5726 Charles Circle, Detached, List $718,000, Closed $692,500, 3173SF, 104 DOM

1525 Maple St, Detached, List $899,000, Closed $780,000, 2815SF, 153 DOM

3600 Southshore Blvd, Detached, List $849,900, Closed $785,000, 2117SF, 83 DOM

3140 Childs Rd, Detached, List $1,950,000, Closed $1,695,000, 298 DOM

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.