Property Blotter

May 20, 2023May 14, 2023

The Urban Growth Boundary

A big part of understanding real estate in Oregon is knowing about the Urban Growth Boundary.

It was put into place in 1973 under the leadership of Republican Governor Tom McCall. What the boundary does is make development choices intentional and public rather than piecemeal.

Every single town in the State of Oregon has a line drawn around it. Within the boundaries of that line urban and suburban development is allowed. Outside of the boundary is reserved for agriculture and forests. Lake Oswego is right on the edge of the UBB. From LO you can drive to the countryside in just minutes. In the countryside you’ll find wineries, farmstands, Christmas tree farms, and the beautiful rolling hills that lead to the Mountains and the Willamette Valley.

It’s controversial because it is forcing density within the boundary. The boundary has been expanded, but it’s a tedious process that requires lots of legal wrangling. The planning departments in towns have to project for population growth and then plan today to accommodate the growth in the future. This means that even if builders want to build on larger lots, they simply can’t get those large lots approved. They are forced to build on smaller lots to accommodate future population projections.

It also means that land within the boundary is super valuable. If houses become run down, they get torn down. In those cases the land is more valuable then the house and the land gets re-built. I think it has helped the Tri-County Metro area to not have slums. Yes, there are parts of town with lower economic demographics, but there are not slums.

The density within our UGB is going to increase now that multi-family units are allowed in residential neighborhoods. That’s a whole other blog post.

For a map of the Portland area UGB, click here.

As always, thank you for reading the blotter.

Dianne

May 17, 2023May 17, 2023

Market Activity May 8-14, 2023

Last week in Lake Oswego there were 11 new listings, 3 of which sold quickly and are represented here as pending sales. There were 20 properties that went under contract and moved into pending status, and there were 9 sold/closed transactions.

See below for RMLS data.

New on the Market May 8-14, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
44 Eagle Crest Dr #37	Condo	$240,000	2	1	908
5225 Jean Rd #501	Condo	$455,000	3	2	1500
18839 Kristi Way	Detached	$649,500	3	1.5	1344
5829 Benfield Ct	Detached	$749,900	4	2.5	1744
15911 Fir Grove Ct	Detached	$959,776	4	2.5	2584
16164 Parker Rd	Detached	$1,300,000	3	2.5	2315
15575 Village Dr	Detached	$2,595,000	4	2.5	3163
3190 Douglas Circle	Detached	$2,998,000	4	3.5+.5	5007

Pending Sales May 8-14, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
86 Kingsgate Rd B104	Condo	$299,900	2	2	938	6
55 Galen St	Condo	$315,000	2	2	989	15
16250 Pacific Hwy #75	Condo	$388,000	3	2	1593	109
3652 Spring Ln 4F	Condo	$400,000	2	2	1117	19
5650 Lakeview Blvd	Detached	$549,000	3	2	2715	45
3575 Upper Dr	Detached	$595,000	2	2	1376	0
16309 Overlook Dr	Detached	$645,000	4	3	2567	4
200 Burnham Rd #311	Condo	$678,800	3	2	1862	22
644 Ellis Ave	Detached	$875,000	4	2	2335	47
17143 Rebecca Ln	Detached	$890,000	3	2.5	1943	13
1421 Cherry Crest Dr	Detached	$925,000	4	3	2785	5
1448 Greentree Circle	Detached	$945,000	4	2.5	2649	43
191 3rd St #6	Condo	$950,000	2	2	1523	33
5434 Rosalia Way	Detached	$985,000	4	2.5	2677	20
16960 Stafford Rd	Detached	$1,000,000	4	3.5	2845	20
17649 Woodhurst Pl	Detached	$1,550,000	5	4.5	5669	4
1965 Egan Way	Detached	$1,850,000	5	3.5	3899	3
13337 Leslie Ct	Detached	$2,595,000	4	3.5	4197	15
13751 Cameo Ct	Detached	$3,995,000	5	4.5+.5	4262	24
16309 Lake Forest Blvd	Detached	$599,900	3	2	1583	4

Sold/Closed May 8-14, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
15446 Stephanie Ct	Attached	$480,000	$480,000	1582	0
1966 Wembley Pl	Detached	$649,900	$721,100	2103	4
5865 Southwood Dr	Detached	$950,000	$1,010,000	3035	2
13254 Twin Creek Ct	Detached	$1,188,000	$1,050,000	3470	4
515 Laurel St	Detached	$1,725,000	$1,563,000	3382	199
1658 Village Park Ln	Detached	$1,750,000	$1,775,000	4634	3
929 Cumberland Rd	Detached	$2,800,000	$2,580,000	5095	250
13777 Cameo Ct	Detached	$3,395,000	$2,995,000	6984	240
17147 Old River Dr	Detached	$2,995,000	$2,995,000	6900	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.

May 14, 2023May 17, 2023

Lake Oswego Neighborhoods

I got a call asking for information on Lake Oswego neighborhoods this week. It reminded me just how nuanced and varied the different areas of this little hamlet are. The Property Blotter has a whole section devoted to write-ups on individual neighborhoods which you can access on our home page under…”Neighborhoods” : ) if you’d like an in-depth look at any of them. In any event, this is a casual look at the areas & neighborhoods of Lake Oswego~

You’ve got the older part on the State St side, and the newer part on the Boones Ferry Rd side, and corresponding zip codes of 97034 & 97035, generally speaking. Of course everyone thinks of First Addition on the older side with it’s carefully laid-out grid: A, B, C, D, !st, 2nd, 3rd, 4th…you get it. First Addition was originally designed as a “company town” in the early days & is now one of the most sought-after neighborhoods with it’s proximity to everything Lake Oswego & otherwise. Palisades is up the hill on the southern/opposite side of town with it’s little town center, hilly views of the Willamette River & Lake, public golf course and easy access to Hwy 205, Hwy 43 (w/a 15-minute trip into downtown Portland), and South Shore Blvd meandering in a luxurious commute to the newer side of Lake Oswego to the west. Hallinan is next to Palisades, also hilly and has it’s own feel with walking trails & a beautiful park. The older side also has Northshore with it’s train & bridges & island, Lakewood on the south side of Lakewood Bay, Evergreen on its north side, Riverfront with the Iron Smelter and Waterfront Parks on the Willamette, Country Club, Red Fox Hills bordering Tryon Natural Area, Forest Hills which is close to First Addition, Glenmorrie heading our towards Marylhurst near the Willamette and Southshore along the south side of the lake. You also have Dunthorpe and Riverwood at the very north end of the area, which are communities/destinations of their own.

The “newer” part of Lake Oswego is bounded by Mountain Park on the northwestern edge which was built as a planned community with hills and walking trails and a community pool as well as other benefits shared by the residents. Lots of the best opportunities for condo living are found in Mountain Park. Uplands is nestled against Country Club, but edges out to Boones Ferry, so it’s kind of part of the older area, but in the middle. Lakewood which is a little peninsula, Westlake which sits on the western edge of Lake Oswego and offers both beauty and the easy connection to Kruse Way, I-5 and all things “west end”. Lake Forest enchants with its wooded splendor, West Bay nestles on the west side of the lake, Bryant is charming with it’s restaurants, services & lovely neighborhoods, Westridge is hidden away with its sleepy streets built around the elementary school, Blue Heron & the Canals are enticing with their unusual living opportunities on the water, Rosewood & River Grove offer relaxed charm on the very south end of Lake Oswego.

May 12, 2023May 12, 2023

Market Activity ~ May 1-7, 2023

Last week Lake Oswego logged 28 properties entering the market (New), 23 moving to Pending status, and 17 that Sold/Closed. There are currently 143 properties available ranging from $154,900 to $9,900,000.

Here is the breakdown:

NEW May 1-7, 2023

Address	List Price	Beds	Baths	SF	Prop Type
100 KERR PKWY #48	$229,000	1	1	617	CONDO
45 EAGLE CREST DR #400	$289,950	3	2	1348	CONDO
86 KINGSGATE RD, B104	$299,900	2	2	938	CONDO
16309 LAKE FOREST BLVD	$599,900	3	2	1583	DETACHD
103 KINGSGATE RD	$600,000	3	2.1	1352	DETACHD
1221 BOCA RATAN DR	$600,000	3	2.1	1739	ATTACHD
5785 KIMBALL CT	$679,000	4	2	1346	DETACHD
14345 HOLLY SPRINGS RD	$685,000	4	2.1	1940	CONDO
260 CERVANTES	$690,000	3	2.1	2551	ATTACHD
4959 DOGWOOD DR	$749,900	3	2	2120	DETACHD
5364 ROSEWOOD ST	$790,000	4	2.1	1980	DETACHD
1421 CHERRY CREST DR	$925,000	4	3	2785	DETACHD
14318 CAMDEN LN	$945,000	4	2.1	2980	DETACHD
4783 BLACK FOREST CT	$974,500	4	3	2166	DETACHD
3231 DUNCAN DR	$1,175,000	4	2.1	2852	DETACHD
1031 SUNNINGDALE RD	$1,200,000	3	2	1917	DETACHD
2415 PARK RD	$1,265,000	4	2.1	2748	DETACHD
17382 BROOKHURST DR	$1,285,000	4	3.1	3725	DETACHD
7 NANSEN	$1,395,000	4	4.1	5640	DETACHD
4410 LORDS LN	$1,399,000	5	3.1	3499	DETACHD
2944 VALE CT	$1,400,000	4	2.1	3392	DETACHD
5811 STEWART GLENN CT	$1,550,000	4	2.1	3930	DETACHD
17258 KELOK RD	$1,585,000	3	2	3742	DETACHD
804 2ND ST	$1,875,000	5	2.1	2961	DETACHD
3721 UPPER DR	$1,995,000	4	2.1	3249	DETACHD
14381 FOSBERG RD	$2,150,000	4	3.1	5028	DETACHD
1901 CHILDS RD	$2,950,000	4	3	3716	DETACHD
14050 GOODALL RD	$2,999,900	5	4.2	6943	DETACHD

PENDING May 1-7, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
45 EAGLE CREST DR #302	$229,000	1	1	768	CONDO	4
4000 CARMAN DR, A5	$300,000	2	2	869	CONDO	6
10 GREENRIDGE CT	$520,000	3	1.1	2063	ATTACHD	11
15960 SW LAKE FOREST BLVD	$540,000	3	1	1080	DETACHD	172
18314 SW FERNBROOK CT	$550,000	3	1.1	1036	DETACHD	6
1302 BOCA RATAN DR	$615,000	3	2.1	1739	CONDO	24
14428 HOLLY SPRINGS RD	$650,000	3	2.1	1372	CONDO	86
4967 GALEN ST	$725,000	3	2.1	2223	DETACHD	37
4959 DOGWOOD DR	$749,900	3	2	2120	DETACHD	3
17515 Tree Top Way	$809,900	3	2	1975	DETACHD	3
12770 SIERRA VISTA DR	$885,000	4	2.1	2665	DETACHD	4
60 TOUCHSTONE	$885,000	4	3	2657	DETACHD	9
14141 GOODALL RD	$895,000	3	2.1	1988	DETACHD	292
18 BECKET ST	$1,070,000	3	2.1	4553	DETACHD	14
16121 PARELIUS CIR	$1,375,000	4	2.1	3506	DETACHD	4
2944 VALE CT	$1,400,000	4	2.1	3392	DETACHD	2
16429 BONAIRE AVE	$1,750,000	4	3.1	3036	DETACHD	5
814 LAKE SHORE RD	$1,790,000	3	2.2	2385	DETACHD	13
718 MAPLE ST	$1,949,000	3	2.1	4023	DETACHD	251
16693 PHANTOM BLUFF CT	$2,000,000	3	3	3201	DETACHD	4
14381 FOSBERG RD	$2,150,000	4	3.1	5028	DETACHD	1
1425 CHANDLER RD	$3,790,000	5	5.1	5692	DETACHD	236
1199 FAIRWAY RD	$4,195,000	4	4.2	5527	DETACHD	209

SOLD May 1-7, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
212 GREENRIDGE DR	$549,000	$547,000	3	2	1392	ATTACHD	1
206 GREENRIDGE DR	$597,000	$600,000	3	2	1362	ATTACHD	32
13125 VERMEER DR	$695,000	$698,000	4	2.1	2046	DETACHD	5
18701 BRYANT RD	$789,000	$749,900	3	2	1995	DETACHD	33
7 SPINOSA	$749,900	$758,000	3	3	2295	DETACHD	204
19211 INDIAN SPRINGS RD	$759,000	$760,000	4	3	2132	DETACHD	71
16932 GREENTREE AVE	$950,000	$835,000	4	3	3440	DETACHD	66
17502 ERIN CT	$999,000	$975,000	4	3	3142	DETACHD	7
624 LIVINGOOD LN	$975,000	$995,000	4	3	2612	DETACHD	3
3802 SOUTHSHORE BLVD	$995,000	$1,010,000	4	3	1908	DETACHD	3
1031 SUNNINGDALE RD	$1,200,000	$1,200,000	3	2	1917	DETACHD	0
16800 Lakeridge DR	$1,290,000	$1,220,000	4	3	2416	DETACHD	30
5811 STEWART GLENN CT	$1,550,000	$1,500,000	4	2.1	3930	DETACHD	0
2126 WEMBLEY PL	$1,795,000	$1,625,000	4	3.1	3603	DETACHD	83
3556 CARMAN DR	$2,200,000	$2,400,000	5	3.1	4000	DETACHD	118
13050 FIELDING RD	$3,200,000	$3,200,000	4	5	4805	DETACHD	1
2643 SOUTHSHORE BLVD	$3,695,000	$3,595,000	3	3.2	4872	DETACHD	93

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) .

May 7, 2023May 7, 2023

Summer at the Library

The Lake Oswego Library has some really fun activities planned for the summer season.

Let’s start with The Seed Library. That’s right, a seed library. Housed is a repurposed card catalogue at the Fiction desk, there is literally a huge selection of seeds for you to take home and grown in your garden. The seeds are for plants that do well in our area. The seeds do not have to be returned, but your are encouraged to harvest seeds from what you grow and donate them back to the library for someone else’s enjoyment.

The Summer Library Challenge is for children, teens and adults. Kids will receive a free book just for signing up. Then, all summer long, they will have chances to win prizes as they read books. Adults can set their own challenge, share their progress through the summer, and get chance to win a Powell’s gift card and a two-night stay at the Sylvia Beach Hotel in Newport, Oregon.

The Children’s Library is offering Take-Away Crafts each week from June 19th to August 11th. Simply drop by the library, pick up your craft, and take it home with you for a fun summer diversion.

Then there is Programs in the Park. Every Wednesday, June 21st to August 9th, from 2-3pm, at Rossman Park (555 4th St) drop in for crafts, nature workshops, art activities, special guests, and more. Then, enjoy the end of summer party on August 16th.

You can sign up for the summer challenge by clicking here.

The Lake Oswego Library is about so much more than books! It’s truly a treasure in our community.

Dianne

May 5, 2023May 5, 2023

Market Activity April 24-30, 2023

Last week in Lake Oswego we had 12 new listings, one of which sold quickly and appears here as a pending sale, 12 properties moved into pending status, and 14 sold/closed listings. This is very balanced with similar numbers in all 3 categories. This shows that it is neither a or a seller’s market. However, it feels to me like the market has shrunk as compared to last year. For May, these number feel small, at least to me.

See below for RMLS data.

New on the Market April 24-30, 2023

Address	Type	Price	Bedrooms	Baths	Sq. Feet
55 Galen St	Condo	$325,000	2	2	989
159 Oswego Summit	Condo	$395,000	2	2	1506
18314 Fernbrook Ct	Detached	$550,000	3	1.5	1036
114 Greenridge Ct	Attached	$624,000	3	2	1824
1368 Boca Ratan Dr	Condo	$625,000	2	2	1763
20 Partridge Ln	Detached	$850,000	5	3	3448
4798 Auburn Ln	Attached	$879,950	3	3.5	2700
60 Touchstone	Detached	$885,000	4	3	2657
17143 Rebecca Ln	Detached	$890,000	3	2.5	1943
592 Weidman Ct	Detached	$1,150,000	3	2.5	3035
14611 Uplands Dr	Detached	$1,595,000	3	4	3118

Pending Sales April 24-30, 2023

Address	Type	Price	Bedrooms	Baths	Sq. Feet	DOM
16200 Pacific Hwy #5	Condo	$499,900	2	2	1207	173
16880 Tracy Ave	Detached	$510,000	3	1	1080	97
4179 Douglas Way	Detached	$565,000	3	2	1447	4
4748 Amherst Ct	Attached	$675,000	3	2.5	3015	46
5434 Rosalia Way	Detached	$985,000	4	2.5	2677	5
23 Masaryk St	Detached	$1,050,000	3	2.5	2902	6
2468 Marylhaven Pl	Detached	$1,295,000	4	3.5	3606	34
5598 Luce Ln	Detached	$1,370,000	4	3	3432	4
5290 Childs Rd	Detached	$1,499,000	4	4.5	3671	47
1930 Indian Trail	Detached	$1,560,000	3	3	3260	5
566 4th St	Attached	$1,599,000	5	4.5+.5	3512	7
17367 Lake Haven Dr	Detached	$2,249,900	5	3	4225	2

Sold/Closed April 24-30, 2023

Address	Type	List Price	Closed Price	Sq Feet	CDOM
47 Eagle Crest Dr #31	Condo	$242,500	$260,000	1009	4
237 Cervantes #19	Condo	$315,000	$292,200	1216	54
4413 Thundervista Ln	Condo	$418,800	$416,000	1741	4
5465 Childs Rd	Detached	$789,000	$784,925	1544	7
1865 Mapleleaf Rd	Detached	$799,900	$800,000	1686	12
7 Hotspur St	Detached	$825,000	$810,000	2195	19
567 2nd St	Condo	$1,095,000	$1,095,000	1412	2
1380 Bonniebrae Dr	Detached	$1,250,000	$1,258,000	2940	5
4799 Lamont Way	Detached	$1,325,000	$1,325,000	3142	4
16461 Chapin Way	Detached	$1,475,000	$1,475,000	4012	4
16650 Fir Ln	Detached	$2,100,000	$2,100,000	3859	2
15880 Oswego Shore Ct	Detached	$2,225,000	$2,125,000	3977	26
13132 Thoma Rd	Detached	$3,650,000	$2,935,000	5434	336
14655 Uplands Dr	Detached	$3,300,000	$3,390,000	4775	211

April 30, 2023April 30, 2023

This Week in Lake Oswego

Spring is in the air!

Here are my picks for what to do in Lake Oswego this week in person or online:

Mon, May 1, 2023 – 8:00AM-8:15 PM– Get Ready, Get Set, Get Gnomin’ – Lake Oswego Parks – 3 Gnomes are hidden in lake Oswego Parks on the 1st of every month, Play along and find the gnomes, posting photos of you or your dog with the Gnomes (if you do find them ; ) – For More Info & Zoom Link: CLICK HERE

Tues, May 2, 2023 – 5:30PM-6:30PM – First Tuesday Music (In Person or Online)~ Sharon Gan & Daniel Velasquez – Lake Oswego Library presents these two composers, teachers and accomplished musicians in recognition of Asian American and Native Hawaiian/Pacific Islander (AANHPI) Heritage month, Dan and Sharon will take you on a musical journey to several of the countries that make up the AANHPI. Come and enjoy music from these countries! – Lake Oswego Library, 706 4th St, Lake Oswego More Info: CLICK HERE

Wed, May 3, 2023 – 7:00PM – If Walls Could Talk: How to Research the History of Your Home~ The Lake Oswego Public Library presents this informative program. Local researcher Char Green will take you through the steps of learning about the history of your home, including valuable tools for finding and then organizing your information. – Lake Oswego Library, 706 4th St, Lake Oswego – More Info + Link: CLICK HERE

Thurs, May 4, 2023 – 9:00AM-1:00PM– Indoor Playground at CCP (Ages 0-4) ~ Rain or shine- No problem! In-person playtime for your little ones. This is perfect activity for parents and caregivers & available for a $4 Drop-In Fee. ~ Cummins Hall of CCP, 1060 Chandler Road.– More Info: CLICK HERE

Fri, May 5, 2023 – 1:00-3:00PM -Pinochle Friday “Trick-Taking”- Have fun with other experienced players at the Adult Community Center – 505 G Avenue More Info: CLICK HERE

Sat, May 6, 2023 – 8:00-11:00AM– Annual Lake Run– Get out in the spring air and participate in this fun, annual fundraiser for Northwest Housing Alternatives – More Info & Registration : CLICK HERE

Sun, May 7, 2022 -Bryant Neighborhood Social Event- 4:00PM – Get to know your neighbors at this fun event with plenty of food and beverages & great company!~ Lakeridge Middle School, 4700 Jean Rd. – More Info + Links & Registration: CLICK HERE

April 29, 2023April 30, 2023

Market Activity ~ April 17-23, 2023

Last week Lake Oswego logged 24 properties entering the market/New, 16 Accepted Offers/Pending, and 8 Closed/Sold. Right now there are 134 properties available ranging from $154,900 to $9.9 Mil.

Here is the breakdown:

NEW April 17-23, 2023

Address	List Price	Beds	Baths	SF	Prop Type
29 OSWEGO / Grnd	$259,900	1	1	669	CONDO
3652 SW SPRING LN #4F	$400,000	2	2	1117	CONDO
480 S STATE ST	$480,000	3	2	1659	CONDO
10 GREENRIDGE CT	$520,000	3	1.1	2063	ATTACHD
4179 DOUGLAS WAY	$565,000	3	2	1447	DETACHD
4430 GOLDEN LN	$635,000	3	3.1	2165	CONDO
200 BURNHAM RD #311	$678,800	3	2	1862	CONDO
5434 ROSALIA WAY	$985,000	4	2.1	2677	DETACHD
5530 BAY CREEK DR	$995,000	4	2.1	2922	DETACHD
23 MASARYK ST	$1,050,000	3	2.1	2902	DETACHD
18 BECKET ST	$1,070,000	3	2.1	4553	DETACHD
16960 STAFFORD RD	$1,100,000	4	3.1	2845	DETACHD
8 GARIBALDI ST	$1,150,000	4	3	4080	DETACHD
5598 LUCE LN	$1,370,000	4	3	3432	DETACHD
3823 Carman DR	$1,395,000	3	3.1	2970	DETACHD
1930 INDIAN TRL	$1,560,000	3	3	3260	DETACHD
566 4TH ST	$1,599,000	5	4.2	3512	ATTACHD
53 EAGLE CREST DR	$1,700,000	5	4.2	4918	DETACHD
1658 VILLAGE PARK LN	$1,750,000	4	3.2	4634	DETACHD
814 LAKE SHORE RD	$1,790,000	3	2.2	2385	DETACHD
1273 WELLS ST	$1,795,000	5	3	4091	DETACHD
16650 FIR LN	$2,100,000	4	3.1	3859	DETACHD
18011 Kelok RD	$2,495,000	3	3	1840	DETACHD
13751 CAMEO CT	$3,995,000	5	4.2	4262	DETACHD

PENDING April 17-23, 2023

Address	List Price	Beds	Baths	SF	Prop Type	Days
35 CRESTFIELD CT #35	$299,000	2	1	921	CONDO	5
4347 SILVER CT	$534,900	3	2.1	1844	CONDO	12
206 GREENRIDGE DR	$597,000	3	2	1362	ATTACHD	32
17635 DEEMAR WAY	$695,000	4	2	1513	DETACHD	25
17220 REBECCA LN	$775,000	4	2.1	2004	DETACHD	5
3552 UPPER DR	$900,000	3	2.1	2750	DETACHD	4
624 LIVINGOOD LN	$975,000	4	3	2612	DETACHD	3
5530 BAY CREEK DR	$995,000	4	2.1	2922	DETACHD	2
13254 TWIN CREEK CT	$1,100,000	4	2.1	3470	DETACHD	40
3875 CARMAN DR	$1,395,000	4	4.1	3290	DETACHD	62
17623 BROOKHURST DR	$1,525,000	3	3.2	4194	DETACHD	41
530 MIDDLECREST RD	$1,600,000	4	3	3280	DETACHD	97
2126 WEMBLEY PL	$1,699,000	4	3.1	3603	DETACHD	83
1658 VILLAGE PARK LN	$1,750,000	4	3.2	4634	DETACHD	3
17101 CAMPUS WAY	$1,775,000	4	4.1	3367	DETACHD	28
16650 FIR LN	$2,100,000	4	3.1	3859	DETACHD	2

SOLD April 17-23, 2023

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
200 BURNHAM RD #303	$369,000	$359,000	2	1	1185	CONDO	18
5062 FOOTHILLS DR, H	$459,900	$415,000	3	2	1252	CONDO	151
4433 THUNDER VISTA LN/Grnd	$450,000	$450,000	2	2.1	2002	CONDO	7
16200 PACIFIC HWY #14	$500,000	$498,000	2	2	1207	CONDO	5
4430 GOLDEN LN	$635,000	$635,000	3	3.1	2165	CONDO	0
16472 BONAIRE AVE	$650,000	$670,000	3	2	1464	DETACHD	5
3131 WESTVIEW CT	$1,750,000	$1,710,000	4	4.1	4597	DETACHD	28
13581 GOODALL RD	$3,100,000	$3,100,000	4	4.1	5141	DETACHD	1

April 24, 2023April 24, 2023

The Importance of Open Houses

In my 36 years in real estate, I’ve seen quite a few changes, as you can imagine. But one of the biggest ones is the importance of open houses.

In my early career the common perception was that open houses were a waste of time. I knew of agents who flat out told their seller clients that they would not be doing them. I’ve never had the belief. While it was true then, and is true today, many of the people who come through open houses are not actually buyers. But I have always done them. First it shows my seller clients that I am using every tool in my tool box to get their house sold. But second, I have sold numerous houses from people who have come through my opens.

What is different today is that open houses have become way more critical. Today’s buyer is able to be very independent. Nearly everything that they need to know about a houses is available on line. They like to be in the driver’s seat and tour houses independently of their agent. Then when they find a house that they’re interested in, they get their Realtor involved.

The first weekend of marketing is a true event. The routine is to put a house on the market on Thursday or Friday, market the open house date and time for Saturday and Sunday, and then hold it open and let the hordes inside. It works!

I hope that you find this information useful. As always, thank you for reading the blotter.

Dianne

April 22, 2023April 22, 2023

Market Activity April 10-16, 2023

Last week in Lake Oswego there were 9 new listings, 4 of which sold quickly and appear in this report as pending, 18 pending sales, and 13 sold properties. Check out the market time on the pending sales. 11 of the 18 went pending in one week or less. Conditions for selling a house are really favorable right now.

See below for RMLS data.

New on the Market April 10-16, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet
35 Crestfield Ct	Condo	$299,000	2	1	921
624 Livingood Ln	Detached	$975,000	4	3	2612
17656 Woodhurst Pl	Detached	$1,395,000	4	2.5	4597
1584 Oak St	Attached	$1,450,000	3	3	1860
3600 Upper Dr	Detached	$1,999,950	5	3	3771

Pending Sales April 10-16, 2023

Address	Type	Price	Bedrooms	Baths	Sq Feet	DOM
48 Eagle Crest Dr #5F	Condo	$300,000	2	2	1370	60
4413 Thunder Vista Ln	Condo	$418,800	2	2.5	1741	4
212 Greenridge Dr	Attached	$549,000	3	2	1292	1
5720 Kenny St	Detached	$630,000	3	2	1416	4
1966 Wembley Pl	Detached	$649,900	3	3	2103	4
3290 Childs Rd	Detached	$739,900	3	1	1708	9
5465 Childs Rd	Detached	$789,000	3	2	1544	7
18701 Bryant Rd	Detached	$789,000	3	2	1995	33
13594 Blazer Trl	Detached	$797,500	3	2	1996	73
51 Touchstone	Detached	$875,000	4	2.5	3105	6
191 3rd St #6	Condo	$950,000	2	2	1523	7
17502 Erin Ct	Detached	$999,000	4	3	3142	7
4799 Lamont Way	Detached	$1,325,000	4	3	3142	4
2803 Southshore Blvd	Detached	$1,495,000	4	3	3747	12
515 Laurel St	Detached	$1,588,000	4	3.5	3382	199
2950 Upper Dr	Detached	$1,899,000	3	2.5	3396	2
17147 Old River Dr	Detached	$2,995,000	4	4.5+.5	6900	6
2643 Southshore Blvd	Detached	$3,595,000	3	3.5+.5	4872	93

Sold/Closed April 10-16, 2023

Address	Type	List Price	Sold Price	Sq Feet	CDOM
46 Crestfield Ct	Condo	$295,000	$310,000	923	3
5133 Timbergrove St	Detached	$649,900	$635,000	1440	25
1501 Fernwood Dr	Detached	$799,900	$804,000	1934	6
4199 Fruitwood Ct	Detached	$949,000	$1,015,000	2230	3
18490 Ray Ridge Dr	Detached	$1,100,000	$1,188,000	3426	4
5308 Southwood Dr	Detached	$1,195,000	$1,200,000	3003	2
430 9th St	Detached	$1,199,000	$1,203,500	2756	2
2481 Marylshire Ln	Detached	$1,495,900	$1,370,000	4091	66
1261 Wells St	Detached	$1,600,000	$1,650,000	4316	105
13310 Atwater Ln	Detached	$2,350,000	$2,245,000	5697	22
4983 Park Bluff Pl	Detached	$2,349,500	$2,250,000	4088	239
13151 Thoma Rd	Detached	$4,500,000	$3,520,000	5461	208
1455 Chandler Rd	Detached	$5,475,000	$5,100,000	5588	155