Property Blotter – Page 23 – Lake Oswego Real Estate Blog

December 22, 2023December 21, 2023

Christmas Tree Recycling

While we are all looking forward to celebration of the holidays, it’s not too early to start figuring out how to recycle your Christmas tree, if you have one to recycle.

Republic Services allows trees to be recycled in the normal curbside collection via your yard debris. Please remember that the tree must fit completely within the bin, and that may mean that you need to cut it up. They also offer tree pick up, for a fee, if you do not have yard debris collection as part of your normal service. You can call them at 503-636-3011, to make arrangements.

Local Scout Troop 221 will be recycling Christmas trees and wreaths between 9 a.m. and 4 p.m. on Saturday, January 6 and Sunday, January 7. The drive-up recycling service will be located at the Mountain Park Church overflow parking lot (SW Jefferson Ave. & SW McNary Pkwy). The suggested donation is $12 per tree, $10 for wreath, and $15 for pick up in area codes 97219, 97034, 97035. Flocked trees are not accepted. This troop chips and mulches on site to help beautify the neighborhood. To schedule pick up, visit http://www.bsatroop221.us

Local Lake Oswego Girl Scout Troop 40343 will be recycling trees and wreaths from 9 a.m. to 4 p.m. at the upper parking lot of George Rogers on the following dates: December 29, 30, 31 and January 1, 6, 7. Suggested starting donation is $20. If you have any questions, please email troop40343@gmail.com(link sends e-mail)

Lake Osweg Scout Troop 555 will be recycling Christmas trees and wreaths between 9 a.m. and 4 p.m. on Saturday, January 6, and Sunday, January 7. The drive up recycling service will be in the Yakima parking lot at 4101 Kruse Way in Lake Oswego. The suggested donation is $10 per tree and $8 per wreath. For questions, please email Keith Morris, Scoutmaster, at kpmorris@centurylink.net

They also make for a very nice fire in outdoor fireplaces, which is what my husband and I will be doing.

Happy Holidays!

Dianne

December 21, 2023

Market Activity Dec 11-17, 2023

Last week in Lake Oswego 6 new listings came onto the market, one of which sold quickly and appears in this report as a pending sale. 9 properties accepted offers and moved to pending status. 9 properties sold/closed so that 9 families could move in before Christmas.

See below for RMLS data.

New on the Market Dec 11-17, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
3433 McNary Pkwy #407	Condo	$275,000	2	2	1008
869 10th St	Detached	$849,900	2	1	1220
6040 Lakeview Blvd	Detached	$1,349,000	5	3	3701
5320 Childs Rd	Detached	$2,100,000	6	3	4765
2121 Wembley Park Rd	Detached	$2,999,900	5	5.5	5025

Pending Sales Dec 11-17, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
4 Touchstone #128	Condo	$250,000	3	2.5	1350	18
11 Oswego #11	Condo	$314,800	2	2	1241	26
4089 Jefferson Pkwy	Condo	$384,900	2	2.5	1361	140
2031 Bonniebrae Dr	Attached	$479,000	3	2	1611	119
16237 Lake Forest Blvd	Detached	$525,000	3	1	1132	8
6 The Grotto	Detached	$550,000	3	2	1381	9
16211 Inverurie Rd	Detached	$699,900	3	2.5	1819	2
4740 Lamont Ct	Detached	$799,900	3	2	1776	52
12 Independence Ave	Detached	$839,500	4	4	2992	16

Sold/Closed Dec 11-17, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
45 Eagle Crest Dr #402	Condo	$279,000	$220,000	768	71
159 Oswego Summit	Condo	$395,000	$320,000	1506	218
16131 Lindsay Ct	Detached	$680,000	$680,000	1832	28
2979 Dellwood Dr	Detached	$939,000	$750,000	3216	144
13990 Shireva Ct	Detached	$789,000	$755,000	1702	19
1 Creekside Terr	Detached	$1,185,000	$1,040,000	4230	42
4904 Parkhill St	Detached	$1,195,000	$1,200,000	3433	7
17393 Grandview Ct	Detached	$1,275,000	$1,243,548	3772	4
1120 Crestline Ct	Detached	$4,950,000	$4,350,000	6440	101

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.

December 17, 2023December 17, 2023

Portland Metro Neighborhood Stats + LO

Here is your breakdown from the previous month for Portland and surrounding areas including LO broken out at the bottom~

Overview/Fluctuations ~ November 2023 Market Data:

This time of year Inventory tends to go up a bit, but it’s notable that this is the most Inventory we’ve seen in November since 2013. I just sat in on an annual presentation of forward projections for the coming year, and the experts participating, which included Lawrence Yun, Chief Economist for NAR, expect rates to drop several times and land around 5.75% by July. There is a lot of pent-up desire to sell among people who have been waiting for rates to drop a bit, and of course plenty of pent-up demand in Home-Buyers waiting for the same. For this reason, it is expected that we will see increasing activity starting in the spring & building as the year progresses.

Rates: “Rates have stabilized in the high sixes and I expect more good news going forward.” Gary Boyer, Regional VP, Directors Mortgage

According to the RMLS Market Action Report for the Portland Metro Area November 2023:

There were 1,828 New Listings in November which is up 9.7% from 1,666 in Nov 2022 and down 17.2% from the 2,207 in the previous month/October.
At 1,344 Nov 2023’s Closed Sales (Solds) are down 17.1% from Nov 2022’s 1,621, and decreased 19.5% from the previous month’s total of 1,670.
At 1,441 Nov 2023’s Pending Sales (Accepted Offers) are down 3.8% from Nov 2022’s 1,498, and also down 11.3% from the previous month/October’s total of 1,625.
The Average Sale Price for Nov 2023 of, $596,100 is up$11,500. from last year/Nov 2022’s $584,600, and up $3,400 from the previous month/Oct’s $592,700.
The “Median Sale Price (the price smack dab in the middle of all sales) in Nov 2023 of $527,600 is up $1,700 from Nov 2022’s $525,900, & up $2,600 from Oct’s $525,000.

NEIGHBORHOODS:

LAKE OSWEGO: (Nov ’23)

199 Active Listings (Oct 248)
75 New Listings (Oct 98)
73 Pending Sales (Oct 85)
81 Closed Sales (Oct 85)
Average Sale Price for Nov: $1,068,800 (Oct $954,500)
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.
68 Days on the Market (Oct 47)

The data listed above is as reported by the Regional Multiple Listing Service (RMLS)

December 13, 2023December 14, 2023

Market Activity Report ~ Dec 4-10, 2023

Last week Lake Oswego had 3 New Listings, 5 moving to Pending/Accepted Offer status, and 10 that Closed/Sold. We like your info to be accurate and therefore try to remove properties that are not really “new” on the market, but rather “refreshed” and often with no other change than the ML#. It’s interesting to me that while we had 3 truly “New” properties entering the market, there were 5 that fell into the “not truly new on the market” category, and here is the breakdown:

1 was reduced by $10,000 and had been on the market 95 days – switched Agents.
1 was reduced $10,000 and been on the market 208 days – switched Agents.
1 was reduced $20,000 and had been on the market 40 days.
1 was reduced $27,900 and had been on the market 77 days – switched Agents.
1 was simply given a new ML# and no other changes made.

Most of the time people decide to change their representation, there is a dramatic lowering of price accompanying that decision. I will say that, anecdotally, lowering the price is very often something they were advised to do by their original Agent, while of course there can sometimes just be a desire for a change for a variety of reasons. I have no personal knowledge of any of these situations, and am of course not making any assertions here in any way in that regard. I just find this particular array interesting.

In the interest of giving you some data on newly reduced and refreshed listings (changes outlined in the same order above), I’ll make a holiday exception : ) These are the 5:

Address	List Price	Beds	Baths	SF	Prop Type
4316 BOTTICELLI ST	$485,000	$2	2.1	2098	CONDO
6 THE GROTTO	$550,000	$3	2	1381	DETACHD
5 PHEASANT RUN	$649,000	$3	2	1420	DETACHD
5453 WILLOW CT	$762,000	$3	2.1	2446	ATTACHD
3520 LAKE GROVE AVE	$2,598,000	$4	3.1	3624	DETACHD

Right now there are 124 properties available in Lake Oswego ranging from $250,000 to $11,500,000. Here is the breakdown according to RMLS:

NEW Dec 4-10, 2023

Address	List Price	Beds	Baths	SF	Prop Type
16237 LAKE FOREST BLVD	$525,000	$3	1	1132	DETACHD
15 BRITTEN CT	$619,900	$3	2.1	1973	ATTACHD
3857 Carman DR	$1,095,000	$3	2.1	2531	DETACHD

PENDING Dec 4-10, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
4 TOUCHSTONE #119	$318,900	$3	2.1	1351	CONDO	7
1724 OAK ST	$870,000	$3	2	2689	DETACHD	17
3853 Carman DR	$1,075,000	$3	2.1	2531	DETACHD	5
3324 SABINA CT	$1,250,000	$3	2.1	2550	DETACHD	7
17312 BERGIS FARM DR	$1,999,000	$4	4.2	4804	DETACHD	39

SOLD Dec 4-10, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
45 EAGLE CREST DR #506	$199,900	$183,550	$1	1	600	CONDO	44
45 EAGLE CREST DR #208	$219,900	$219,900	$2	2	1046	CONDO	14
5053 FOOTHILLS DR, A	$445,000	$425,000	$3	2	1252	CONDO	19
3672 SPRING LN / Upper	$439,900	$440,000	$2	2	1117	CONDO	49
1525 IVY CT	$875,000	$670,000	$4	2.1	2163	DETACHD	116
8 HOTSPUR ST	$865,000	$779,999	$3	2.1	1966	DETACHD	54
16020 KIMBALL ST	$974,500	$900,000	$5	3.1	2426	DETACHD	42
1177 C AVE	$1,100,000	$950,000	$3	2	1957	DETACHD	34
5330 CARMAN GROVE LN	$1,100,000	$985,000	$3	2.1	2493	DETACHD	43
2020 WEMBLEY PARK RD	$1,078,000	$1,050,000	$3	2	1712	DETACHD	369

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 (***We’ve used “Days” in each category for ease of understanding) .

December 10, 2023

Shop Local and Support Local Artists

The Arts Council of Lake Oswego has set up a holiday market place where you will find beautiful arts and crafts for sale. Ceramics, jewelry, ornaments, cards, candles, soaps, textiles and more can be found at the ARTspace, 380 A Avenue, Suite A. Hours are Tuesday thru Friday from 10 to 5.

There are 28 artists participating, with 2 featured artists. Janl Pahl does encaustic paintings that capture the beauty of the natural world. LeBrie Rich is a felt artist. She has created felting kits that make it easy for anyone to explore the art of felting.

The Holiday Market Place runs through December 23rd.

Another option is participating in the Holiday Savings Pass. Sponsored by the Lake Oswego and West Linn Business Recovery Center and the local Chambers, the Wander Willamette’s mobile BE LOCAL Holiday Savings Pass can be picked up at www.wanderwillamette.com/holidaypass. Simply check in and start enjoying savings at local businesses.

What a great way to support the local community by spending your holiday dollars right in your own neighborhood.

As always, thank you for reading the blotter.

Dianne

December 7, 2023

Market Activity Nov 27-Dec 3, 2023

I’m going to start this market activity report with some good news. According to the Mortgage Bankers Association, home purchase mortgage applications have gone up 35% in recent weeks. That’s a huge jump and unusual for this time of year.

Here on a local level, last week in Lake Oswego there were 4 new listings, 7 properties that moved to pending status, and 17 sold/closed sales. Something tells me that there are moving trucks arriving in LO this week with holiday trees tied to their roofs.

See below for RMLS data.

New on the Market Nov 27-Dec 3, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
4 Touchstone #106	Condo	$259,000	2	2	984
4 Touchstone #119	Condo	$318,900	3	2.5	1351
3433 McNary Pkwy #108	Condo	$391,900	3	2	1344
12 Independence Ave	Detached	$839,500	4	4	2994

Pending Nove 27-Dec 3, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
4621 Lakeview Blvd C3	Condo	$329,900	2	2	1178	12
159 Oswego Summit	Condo	$350,000	2	2	1506	218
12844 Boonesferry Rd #117	Condo	$475,000	2	2.5	1191	76
5270 Red Leaf St	Detached	$675,000	3	2	1330	47
5222 Rosewood St	Detached	$800,000	3	2.5	2414	113
4845 Upper Dr	Detached	$1,249,000	5	3	2879	50
55309 Denton Dr	Detached	$1,620,000	4	3.5	3626	26

Sold/Closed Nov 27-Dec 3, 2023

Address	Type	List Price	Closed Price	Sq Feet	CDOM
96 Oswego Summit	Condo	$219,900	$240,000	964	6
4093 Jefferson Pkwy	Condo	$460,000	$410,000	1403	48
21019 Bonniebrae Dr	Attached	$525,000	$510,000	1539	18
4510 Lower Dr B1	Condo	$555,000	$515,000	1729	42
668 McVey Ave #57	Condo	$625,000	$515,500	992	242
1206 Cedar St	Detached	$775,000	$725,000	1426	15
1600 Woodland Ter	Detached	$779,000	$780,000	1699	3
5311 Childs Rd	Detached	$849,500	$795,000	1929	124
13851 Verte Ct	Detached	$939,000	$925,000	2925	15
10 Sherwood Ct	Detached	$949,000	$949,000	3289	2
7 Grouse Ter	Detached	$935,000	$1,050,000	2516	3
14584 Pfeifer Way	Detached	$1,250,000	$1,176,000	2647	14
1050 Atwater Rd	Detached	$1,375,000	$1,350,000	3052	0
3600 Upper Dr	Detached	$1,999,950	$1,850,000	3771	195
541 6th St	Detached	$2,400,000	$2,400,000	3559	0
13799 Atwater Ln	Detached	$3,995,000	$3,800,000	4700	102
128 Northshore Cir	Detached	$4,695,000	$4,000,000	3501	148

December 3, 2023

Real Estate at the Holidays

Many Realtors plan cruises and vacation trips at this time of year. Very early on in my real estate career, my Principal Broker handed me a tenet …an affirmation of sorts that I adopted as my own long ago when she said ~ “I am always busy in December.” And so it is.

Life goes on and people always have reasons to pursue changing their living environment no matter what time of year it is. You’ll often hear: “Wait till the spring” and the like. That may or may not be good advice when really looking at the individual’s situation and needs. I thought it might be useful to point out a few things about Real Estate at this time of year~

There are so many “extra” distractions right about now… gift-hunting, party-planning, wrapping, festive food-planning & preparation, school break planning for the kids…not to mention that it is often raining and cold and sometimes snowing. People who are looking for a home at this time of year are serious Buyers. So, as a homeowner who has a reason to make a life-change that involves selling your home right about now, the people coming through your home are not “just looking”. It’s a good thing to narrow/concentrate the Buyer-pool this way! Dianne also often points out that selling your property during the holidays allows you to really create those warm notes that often attract Buyers to a “home” rather than just a house~ Lights in the windows, festive decorations inside & out, and maybe even the smell of cookies authentically in the air. And from the other side of the equation~ Buyers, at this time of year may find they encounter Sellers who are more amenable to taking care of necessary safety/functional repair items and the tone is often more friendly with the goal of working toward mutual-benefit surrounding the transaction. ***So, generally, timing is usually some kind of factor for both the Buyer and the Seller right now which tends to create a cooperative mindset.

I thought it might be important for *someone* reading this to take note of these things should you find yourself in the midst of some life change nudging you to take action. As always, Dianne and I are here for you should this ever be the case.

Happy Holidays!

December 2, 2023

Market Activity ~ Nov 20-26, 2023

Last week Lake Oswego had 7 properties entering the market, 8 moving to Pending status and 7 that Closed/Sold. Right now there are 120 properties available ranging from $250/,000 to $11,500,000.

Here is the breakdown according to RMLS:

NEW Nov 20-26, 2023

Address	List Price	Beds	Baths	SF	Prop Type
4 TOUCHSTONE #128	$250,000	$3	2.1	1350	CONDO
11 OSWEGO #11	$332,800	$2	2	1241	CONDO
1724 OAK ST	$870,000	$3	2	2689	DETACHD
18521 WAXWING CIR	$1,250,000	$4	2.1	2936	DETACHD
4355 HAVEN ST	$1,999,900	$4	4.1	3211	DETACHD
17132 LOWENBERG TER	$2,100,000	$4	4.2	3322	DETACHD
4745 DOGWOOD DR	AUCTION	$4	4	3920	DETACHD

PENDING Nov 20-26, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
45 EAGLE CREST DR #402	$219,900	$1	1	768	CONDO	71
86 KINGSGATE RD / Upper	$298,000	$2	2	849	CONDO	100
141 TOUCHSTONE CT	$589,000	$3	2.1	2066	ATTACHD	90
16240 PARKER RD	$679,000	$3	2	1454	DETACHD	269
13990 SHIREVA CT	$789,000	$3	2	1702	DETACHD	19
369 5TH ST	$825,000	$2	1	1552	DETACHD	4
6050 CHILDS RD	$900,000	$3	1.1	2129	DETACHD	17
18368 TAMAWAY DR	$1,150,000	$4	3	3741	DETACHD	40

SOLD Nov 20-26, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
51 GREENRIDGE CT	$475,000	$453,457	$2	2	1348	ATTACHD	30
12884 BOONES FERRY RD	$475,000	$472,500	$2	2.1	1210	CONDO	3
12802 BOONES FERRY RD	$479,900	$479,900	$3	2.1	1182	CONDO	87
1228 CEDAR ST	$625,000	$610,000	$3	2	1302	DETACHD	95
34 CHURCHILL DOWNS	$824,000	$725,000	$4	3	2080	DETACHD	56
3460 LAKE GROVE AVE	$1,498,000	$1,450,000	$3	2	1673	DETACHD	49
2275 GLEN HAVEN RD	$2,349,900	$2,234,900	$4	4	4109	DETACHD	2

November 26, 2023

Market Activity Nov 13-19, 2023

Last week in Lake Oswego we had 4 new listings, one of which sold quickly and appears in this report as a pending sale. We had 11 properties move to pending status, and 15 closed sales.

Yes, this time of year is slower as compared to the spring and summer, but real estate still happens. This is because life still happens. Babies are born and people need a larger house. Job changes happen and people need to relocate. So if you are in a situation where you need to make a move now, please reach out to Linda or to myself. We’d love to help you.

See below for RMLS data.

New on the Market Nov 13-19, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
4621 Lakeview Blvd	Condo	$329,900	2	2	1178
529 8th St	Detached	$2,400,000	4	3.5	3569
4965 Park Bluff Pl	Detached	$2,595,000	5	4.5	4568

Pending Nov 13-19, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
86 Kingsgate Rd #22	Condo	$299,500	2	2	924	125
5053 Foothills Dr A	Condo	$445,000	3	2	1252	19
2019 Bonniebrae Dr	Attached	$525,000	3	2	1539	18
16131 Lindsay Ct	Detached	$680,000	4	2.5	1832	28
1525 Ivy Ct	Detached	$739,000	4	2.5	2163	116
5311 Childs Rd	Detached	$819,500	4	2.5	1929	124
1 Creekside Terr	Detached	$1,095,000	5	4	4230	42
4904 Parkhill St	Detached	$1,195,000	4	2.5	3433	7
17393 Grandview Ct	Detached	$1,275,000	4	3.5	3772	4
4974 Cascara Ln	Detached	$1,285,000	4	2.5	3476	2
3232 Lakeview Blvd	Detached	$6,000,000	4	5.5	8170	424

Sold/Closed Nov 13-19, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
3433 McNary Pkwy #601	Condo	$325,000	$325,000	1285	20
480 S State St	Condo	$480,000	$370,000	1659	185
5225 Jean Rd 307	Condo	$425,000	$420,000	1100	185
15930 Waluga Dr	Detached	$599,900	$570,000	1040	22
16266 Parker Rd	Detached	$849,900	$698,000	2014	94
12 Morningview Ln	Attached	$815,000	$765,000	2730	51
2400 Park Rd	Detached	$875,000	$850,000	1962	32
17144 Warren Ct	Detached	$999,000	$950,000	2804	6
14210 Amberwood Circle	Detached	$1,200,000	$1,145,000	3391	30
17292 Cedar Rd	Detached	$1,400,000	$1,400,000	1400	79
17787 Crestline Dr	Detached	$1,495,000	$1,491,375	3362	3
18499 Old River Dr	Detached	$1,749,000	$1,543,950	4217	130
504 8th St	Detached	$1,675,000	$1,665,000	2858	5
19777 Sycamore Ave	Detached	$3,499,000	$2,250,000	4432	110
1101 Crestline Ct	Detached	$3,299,000	$3,135,000	7229	52

November 22, 2023November 21, 2023

Happiest of Thanksgivings to You

Thanksgiving is, for me, hands down my favorite holiday. It’s so simple. Friends, family, and pausing to give thanks for the bounty that is our lives. Not overly commercialized. Not about “stuff”, but about the basics of what is really important in life.

Linda and I want to wish many blessings upon you and your family this Thanksgiving. Enjoy the turkey, the stuffing, and the pumpkin pie. But, mostly, enjoy your family and your friends. Happiest of Thanksgiving to you and yours.

Dianne