Property Blotter

December 10, 2020December 10, 2020

Market Activity ~ Nov 30- Dec 6, 2020

This last week in Lake Oswego continues the trend we’ve been seeing of fewer homes being Listed (5) and more going Pending (17) & Sold (35). There are currently 106 homes available in Lake Oswego.

Here is a snapshot in time according to RMLS:

NEW: Nov 30-Dec 6, 2020:

Address	List Price	# Beds	# Baths	Total SF	Prop Type
1599 OAK ST	$664,900	4	2.1	2468	DETACHD
2145 SUMMIT DR	$1,000,000	4	2.2	3111	DETACHD
6485 MISSION CT	$1,165,000	4	3.1	3133	DETACHD
18460 RAY RIDGE DR	$1,249,000	4	2.1	3769	DETACHD
1200 LAKE GARDEN CT	$1,400,000	4	3	3347	DETACHD

PEN: Nov 30-Dec 6, 2020:

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
44 EAGLE CREST DR #17	$199,900	1	1	798	CONDO	16
200 BURNHAM RD #303	$253,000	2	1	1200	CONDO	144
4640 LOWER DR / Upper	$279,900	2	1.2	1170	CONDO	11
5071 TUALATA LN	$584,900	3	3	1540	DETACHD	22
17104 CANAL CIR	$650,000	3	2	1416	DETACHD	36
17095 WESTVIEW DR	$664,900	4	3	3354	DETACHD	32
5338 ROYAL OAKS DR	$819,000	4	2.1	2720	DETACHD	67
13456 PROVINCIAL HILL WAY	$840,000	3	2.1	3071	DETACHD	69
49 HILLSHIRE DR	$909,900	4	3.1	4268	DETACHD	113
1816 PALISADES LAKE CT	$1,150,000	3	2.1	4598	DETACHD	104
13310 FOX RUN	$1,150,000	4	3.1	3741	DETACHD	1006
18020 MEADOWLARK LN	$1,350,000	5	4	4217	DETACHD	4
490 G AVE	$1,450,000	4	3.1	2977	DETACHD	1
1111 C AVE	$1,469,000	4	3.1	3354	DETACHD
4165 Childs RD	$1,549,900	3	2.1	3310	DETACHD	11
587 2ND ST / Upper	$1,575,000	2	2.1	2250	CONDO	40
4357 SOUTHSHORE BLVD	$2,945,000	5	5.1	5220	DETACHD	152

SLD: Nov 30-Dec 6, 2020

Address	Opening Price	Closed Price	Bed	Bath	Total SF	Prop Type	CDOM
344 CERVANTES CIR/Grnd	$223,000	$223,000	2	1.1	921	CONDO	5
16377 KIMBALL ST	$389,000	$360,000	3	1	1200	DETACHD	6
31 GREENRIDGE CT	$430,000	$425,000	3	2.1	2012	ATTACHD	95
16246 PARKER RD	$479,900	$480,000	3	2	1280	DETACHD	7
18275 TERRY CT	$439,900	$490,000	3	1.1	1270	DETACHD	196
16242 INVERURIE RD	$519,000	$526,200	3	2	1687	DETACHD	3
1705 CONIFER DR	$539,000	$535,000	3	1.1	1850	DETACHD	11
77 GREENRIDGE CT	$584,900	$571,000	3	2.1	2190	ATTACHD	11
769 4TH ST	$499,000	$586,000	4	1	2000	DETACHD	4
15500 BOONES WAY	$535,000	$590,000	3	2	1309	DETACHD	5
3102 DUNCAN DR	$799,000	$670,000	4	3.1	3910	DETACHD	113
880 WOODWAY CT	$700,000	$670,000	4	3	3800	DETACHD	30
221 HIDALGO ST	$710,000	$679,000	3	2.1	2660	DETACHD	35
4045 MELISSA DR	$758,000	$690,000	4	2.1	2529	DETACHD	40
15988 WHITE OAKS DR	$785,000	$710,000	4	2.1	2854	DETACHD	41
4113 WOOD HILL CT	$745,000	$710,000	4	3	2810	DETACHD	34
13881 SHIREVA DR	$695,000	$720,000	4	3	2392	DETACHD	3
17841 WESTVIEW DR	$739,000	$720,000	4	2.1	2434	DETACHD	20
634 CARRERA LN	$750,000	$740,000	4	2.1	3282	DETACHD	4
1702 HIGHLAND DR	$779,000	$744,000	3	2.1	2175	DETACHD	32
13947 MAJESTIC CT	$799,900	$805,000	4	3.1	2822	DETACHD	3
15655 FIELDSTONE DR	$830,000	$830,000	4	2.1	2781	DETACHD	2
13217 FOX RUN	$868,000	$831,000	4	3	2706	DETACHD	40
19245 MEGLY CT	$899,000	$899,000	5	3	3490	DETACHD	41
13745 CAMEO CT	$999,500	$910,000	4	4	2846	DETACHD	78
4297 ALBERT CIR	$999,995	$920,000	3	2.1	2335	DETACHD	69
5690 BAY CREEK DR	$969,000	$950,000	4	2.1	3268	DETACHD	4
15930 TWIN FIR RD	$995,000	$970,000	3	2.1	2620	DETACHD	82
2900 UPPER DR	$1,040,000	$977,500	3	2	2272	DETACHD	66
3180 DOUGLAS CIR	$1,475,000	$1,240,000	5	2.2	4768	DETACHD	496
13615 KNAUS RD	$1,995,000	$1,858,000	4	3.1	4294	DETACHD	56
1588 VIEW LAKE CT	$1,995,000	$1,995,000	4	2.2	4429	DETACHD	4
16865 GREENBRIER RD	$2,695,000	$2,200,000	5	5	6404	DETACHD	101
4321 Southshore BLVD	$3,950,000	$3,756,700	5	4.1	6731	DETACHD	118
1415 CHANDLER RD	$4,250,000	$3,862,500	6	4.2	7054	DETACHD	87

December 5, 2020

A Season of Caring

Winter in general can be a challenging time. Daylight is short and the temperature outside is COLD. For those in need, it’s got to be the very difficult. In Lake Oswego there are several ways that you can help.

Shop with a Cop

Shop with a cop pairs police officers with children. They go shopping together for items that the child needs. This year, because of Covid, volunteers are doing the shopping and police officers will deliver the purchased items to children’s homes. You can make a donation at www.ccpobf.org/about/make-a-donation.html. This event ends on December 12th.

Personal Care Items

Personal hygene items such as toothpaste, toothbrushes, sun screen, disposable razors, diapers, deodorant, and shampoo can be dropped off at a donation barrel at City Hall, 380 A Avenue, South entrance vestibule. Donations can be dropped off at any time. New, unused items, please.

Hunger Fighters Oregon

A record number of people in Lake Oswego are in need of emergency food. Non-parishable food items can be donated at City Hall, 380 A Avenue. Donation barrels are located in the North vestibule fronting A Avenue or directly with Hunger Fighters, 2301 Hazel Rd, Lake Oswego. You can learn more by visiting www.hungerfightersoregon.org

School Supply Drive

The Rotary club of Lake Oswego is collecting school supplies in conjunction with the Lake Oswego School Foundation and district counselors. Back packs have already been generously donated and now is the time to fill them up! The Rotary is looking for monetary donations. Money will be used to purchase basic school supplies and also to fund the gift card program that Rotary administers year around. You can make a donation at https://bit.ly/2IMnPeA or you can mail a donation to Rotary Club of Lake Oswego-School Supply Drive, P.O. Box 94, Lake Oswego, OR 97034.

Toy Drive

The Lake Oswego Fire Department and Library are accepting new, unwrapped toys to give to children. Toys will be distributed by the Tualatin Valley Elks Lodge. The toy drive ends December 11th. Until then toys can be dropped off at the the Lake Oswego Fire Department’s main station, 300 B Avenue, Lake Oswego or at the Library, 706 Fouth Street.

Thank you for spreading the love and good cheer!

Dianne

December 4, 2020

Market Activity November 16-29, 2020

Here at the blotter we usually do the market activity report one week at a time, but with the holiday last week, we have combined two weeks. As you can see, not many houses came onto the market, just 12. However, the pending sales and closed sales remained strong. There were 34 properties that went into pending status and 35 closed sales. At this time of year, people making moves are highly motivated to get into the new house before Christmas.

See below for details

New on the Market November 16-29, 2020

Address	Type	Price	BR	Baths	Sq Ft
44 Eagle Crest #17	Condo	$199,900	1	1	798
668 McVey Ave #44	Condo	$229,000	1	1	636
4 Touchstone #85	Condo	$240,000	3	2.5	1351
4606 Lower Dr	Condo	$260,000	2	1.1	1170
750 1st St #26	Condo	$360,010	2	2	1350
4515 Oakridge Rd	Attached	$685,000	3	2.5	1981
314 2nd St	Condo	$740,000	3	3.5	1815
6123 Frost Ln	Detached	$789,900	4	2.5	2331
4361 Southshore Blvd	Detached	$875,000	4	3	2441
978 10th St	Detached	$1,495	3	3	2578
4165 Childs Rd	Detached	$1,549,900	3	2.5	3310
1199 Sunningdale Ct	Detached	$2,250,000	4	4.5	4319

Pending Sales November 16-29, 2020

Address	Type	Price	BR	Baths	Sq Ft	CDOM
280 Cervantes	Condo	$256,900	2	2	1050	35
16250 Pacific Hwy #77	Condo	$259,000	2	2	1327	79
45 Eagle Crest Dr #100	Condo	$285,000	3	2	1537	18
750 1st St E34	Condo	$309,900	2	2	1350	114
2061 Bonniebrae Dr	Attached	$405,000	3	2.5	1687	5
71 Condolea Way	Condo	$425,000	3	3	2131	88
5309 Lakeview Blvd	Detached	$474,950	2	1	1320	158
5136 Jean Rd	Detached	$495,000	3	2	1412	44
16242 Inverurie Rd	Detached	$519,000	3	2	1657	3
17297 Bryant Rd	Detached	$550,000	3	2	1428	3
69 Condolea Terrace	Condo	$555,000	2	2.5	2262	15
1540 Meadowlark Ln	Detached	$649,000	5	3	2727	5
17879 Hillside Dr	Detached	$699,900	3	3	3149	271
18863 Indian Springs Rd	Detached	$699,900	4	3	2001	2
9 Spinosa	Detached	$725,000	2	2.5	2250	22
1702 Highland Dr	Detached	$749,000	3	2.5	2175	32
2395 Greentree Rd	Detached	$749,900	5	2.5	2777	15
19 Westridge Dr	Detached	$749,900	4	2.5	3711	28
1604 Country Club Rd	Detached	$800,000	4	3.5	3878	34
5185 Woodcrest Ln	Detached	$835,000	3	2.5	2554	33
5239 Madrona St	Detached	$885,000	3	3	2881	4
14218 Kimberly Circle	Detached	$899,500	4	2.5	3272	22
2349 Oakhurst Ln	Detached	$935,000	4	2.5	3548	8
2934 Toklien Ln	Detached	$874,800	5	3.5	3851	11
3000 Brookside Rd	Detached	$999,950	3	2.5	1600	50
6155 McEwan Rd	Detached	$1,165,000	5	3	3728	36
6441 Mission Ct	Detached	$1,165,000	4	3	3201	24
13768 Knaus Rd	Detached	$1,180,000	3	2	2480	4
859 F Ave	Detached	$1,379,000	3	2.5	3210	5
14005 Goodall Rd	Detached	$1,595,000	4	3.5	4809	207
527 Northshore Rd	Detached	$1,800,000	3	2	2433	20
13615 Knaus Rd	Detached	$1,895,000	4	3.5	4294	56
1540 Worthington St	Detached	$589,900	5	2	1872	4
5204 Rosewood St	Detached	$599,000	3	2.5	1683	3

Closed Sales November 16-29, 2020

Address	Type	List Price	Sold Price	Sq Ft	CDOM
668 McVey Ave #40	Condo	$249,900	$225,000	636	21
86 Kingsgate Rd E #101	Condo	$274,900	$260,000	953	14
668 MdVey Ave #42	Condo	$257,900	$261,000	852	3
668 McVey Ave #65	Condo	$315,000	$307,000	636	38
5225 Jean Rd #511	Condo	$369,900	$381,000	1400	3
206 Greenridge Dr	Attached	$475,000	$502,500	1392	4
98 Kingsgate Rd	Detached	$510,000	$505,000	1727	2
1225 Hallinan St	Detached	$584,900	$550,000	1819	5
127 Greenwood Rd	Detached	$550,000	$556,000	1201	13
2631 Orchard Hill Pl	Detached	$619,900	$599,900	2447	33
14863 Twin Fir Ct	Detached	$630,000	$600,000	1648	77
715 Hemlock St	Detached	$539,900	$635,000	1312	3
17226 Tualatin St	Detached	$695,000	$679,000	1942	4
29 Churchill Downs	Detached	$700,000	$690,000	2019	12
1725 Fernwood Dr	Detached	$699,000	$699,000	1580	6
17061 Crestview Dr	Detached	$649,900	$705,000	2216	3
12436 Orchard Hill Rd	Detached	$725,000	$710,000	2891	8
5124 Rosewood St	Detached	$739,900	$729,000	3516	92
4102 Buck Brush Ln	Detached	$697,000	$729,000	2205	3
7 Falstaff St	Detached	$729,000	$731,250	2484	1
4388 Snowbrush Ct	Detached	$825,000	$775,000	3928	230
2290 Overlook Dr	Detached	$725,000	$776,000	3095	3
2585 Dellwood Dr	Detached	$949,900	$875,000	3749	78
17421 Brookhurst Dr	Detached	$899,900	$895,000	3756	12
18140 Pioneer Ct	Detached	$964,900	$965,000	2524	2
1507 Cedar St	Detached	$1,099	$1,100,000	2505	67
6463 Mission Ct	Detached	$1,165	$1,165,000	3547	290
2250 Southshore Blvd	Detached	$1,299	$1,185,000	4432	229
1989 Egan Way	Detached	$1,384	$1,399,000	4073	11
827 8th St	Detached	$1,425	$1,399,000	3852	103
800 Terrace Dr	Detached	$1,559	$1,555,000	5359	160
4223 Upper Dr	Detached	$1,650	$1,699,000	3902	430
16793 Graef Circle	Detached	$2,695	$1,900,000	4220	116
17787 Cardinal Dr	Detached	$2,199	$1,950,000	3270	62
19025 Hill Top Rd	Detached	$2,349	$2,100,000	5366	755

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.

November 25, 2020

Happy Thanksgiving!

Linda and I want to wish you and yours a very Happy Thanksgiving. Even in these challenging times we have so much to be thankful for. We live in a great country that provides us with opportunities. We live in a great community that appreciates diversity and values all lives. We enjoy our family and friends, and even though we can not be close to them this year, we hold them close in our hearts.

Thanksgiving message with pumpkins on a blue background

Linda and I are giving thanks for you, our readers. We appreciate that you take the time to read the blotter and that you are as eager to learn about real estate as Linda and I are eager to share.

There will not be a market activity report this week. Next week’s report will combine two weeks: last week and this.

Enjoy the holiday!

November 21, 2020November 21, 2020

Market Activity ~ Nov 9-15, 2020

Last week in Lake Oswego we saw 7 New properties hit the market, 21 move to Pending status, and 29 transactions Close. Here is the breakdown according to RMLS:

NEW 11/9-15, 2020 :

Address	List Price	# Beds	# Baths	Total SF	Prop Type
3812 BOTTICELLI ST	$319,995	3	2	1194	CONDO
17297 BRYANT RD	$575,000	3	2	1428	DETACHD
5071 TUALATA LN	$595,900	3	3	1540	DETACHD
2349 OAKHURST LN	$935,000	4	2.1	3548	DETACHD
17596 GREEN BLUFF DR	$959,900	4	2.1	3039	DETACHD
3250 WESTVIEW CT	$1,200,000	6	3.1	3928	DETACHD
5055 LAKEVIEW BLVD	$1,298,000	4	3.1	3607	DETACHD

PENDING 11/9-15, 2020 :

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
3433 MCNARY PKWY #804	$260,000	2	2.1	1136	CONDO	103
20 CERVANTES CIR	$275,000	2	1.1	912	CONDO	30
31 GREENRIDGE CT	$425,000	3	2.1	2012	ATTACHD	95
1402 PARRISH ST	$449,000	3	2.1	1863	CONDO	83
6270 Shakespeare ST	$495,000	3	1	1009	DETACHD	3
769 4TH ST	$499,000	4	1	2000	DETACHD	4
13 WALKING WOODS DR	$515,000	3	2	2130	DETACHD	4
14402 SHERBROOK PL	$530,000	3	2.1	1976	DETACHD	43
4362 GALEWOOD ST	$558,000	3	2.1	1684	DETACHD	25
14 INDEPENDENCE AVE	$684,900	5	3	3296	DETACHD	191
1227 ASH ST	$700,000	3	2	2151	DETACHD	4
20 Nansen Summit	$749,900	4	3.1	3768	DETACHD	2
19 WESTRIDGE DR	$749,900	4	2.1	3711	DETACHD	19
5722 SOUTHWOOD DR	$765,000	4	2.1	2919	DETACHD	3
6435 MCDUFF CT	$899,900	5	3.1	3424	DETACHD	65
17215 LOWENBERG TER	$935,000	4	2.1	2934	DETACHD	89
14144 GOODALL RD	$950,000	5	3	3701	DETACHD	157
2900 UPPER DR	$995,000	3	2	2272	DETACHD	66
6 ESSEX CT	$998,000	4	4	4338	DETACHD	4
3125 ALBER SPRING CT	$1,098,000	3	3.1	4308	DETACHD	195
18375 RIVER EDGE LN	$1,185,000	4	2.1	3512	DETACHD	51

SOLD 11/9-15, 2020:

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
92 CERVANTES CIR	$205,000	$205,000	2	1.1	912	CONDO	36
4 TOUCHSTONE #70	$279,950	$209,750	3	2.1	1351	CONDO	136
320 CERVANTES CIR, #12B	$209,900	$209,900	2	1	832	CONDO	3
15938 QUARRY RD, B4	$225,000	$235,000	2	1	996	CONDO	2
5225 JEAN RD #505	$255,000	$265,000	2	2	1100	CONDO	2
45 EAGLE CREST DR #401	$285,000	$272,000	3	2	1348	CONDO	40
15486 Brianne CT	$375,000	$355,000	2	2.1	1246	ATTACHD	8
4401 THUNDER VISTA LANE LN	$395,000	$365,000	2	2.1	1980	CONDO	89
4347 SILVER CT	$445,000	$429,000	3	2.1	1844	CONDO	44
12 SAINT HELENS CIR	$525,000	$525,000	3	2	1780	DETACHD	29
19167 LONGFELLOW AVE	$525,000	$544,000	3	2	1782	DETACHD	6
4862 INDIAN CREEK CT	$534,900	$555,000	3	2	1390	DETACHD	4
3595 TEMPEST DR	$615,000	$615,000	3	2	2126	DETACHD	34
1427 ASPEN ST	$635,000	$625,000	4	2	2319	DETACHD	15
39 TOUCHSTONE	$749,900	$650,000	4	3	3400	DETACHD	39
4430 GALEWOOD ST	$649,000	$661,000	3	2.1	2078	DETACHD	4
2734 SW ORCHARD HILL LN	$699,000	$701,000	4	3	2800	DETACHD	5
312 4TH ST	$710,000	$710,000	2	2.1	1731	ATTACHD	22
40 CONDOLEA CT / Main	$775,000	$725,000	3	3	2958	CONDO	34
13453 STREAMSIDE DR	$839,000	$792,000	3	2.1	2932	DETACHD	5
12730 ADRIAN CT	$835,000	$815,000	4	2.1	2952	DETACHD	74
5682 CHARLES CIR	$839,000	$839,000	4	3	3052	DETACHD	3
14527 RAINBOW DR	$895,000	$862,000	5	3	3339	DETACHD	33
17641 BROOKHURST DR	$989,000	$995,000	4	2.1	3470	DETACHD	5
14361 EDENBERRY DR	$1,100,000	$1,075,000	4	3.1	3760	DETACHD	3
900 FAIRWAY RD	$1,195,000	$1,083,000	5	3.1	3508	DETACHD	106
2701 GLEN HAVEN RD	$1,085,000	$1,125,000	3	2	3134	DETACHD	3
18008 GREENBLUFF DR	$1,849,000	$1,550,000	3	3.1	4402	DETACHD	179
13490 FIELDING RD	$3,398,000	$3,070,000	5	6.1	8286	DETACHD	141

November 16, 2020November 22, 2020

News & Notes ~ Oct 2020 Numbers

Here is your look at the most recent data for the entire Portland area (Oct 2020) and how Lake Oswego fits in to this picture just below.

Inventory remained at 1.1 months of supply in October. August was 1.3 and July was 1.2. The 1.1 mark is a record low according to RMLS. New Listings, Pending Sales and Appreciation are all up across the board.

Though we have an undeniable shortage of homes available, this is the time of year when Buyers can expect to find reasonable Sellers, and Sellers can expect to find serious Buyers out looking.

Rates are still very good, remaining around 2.875 as of today.

According to the RMLS Market Action Report for the Portland Metro Area, Sept 2020:

There were 3,515 New Listings in Oct 2020 increased 14.7% from Oct of 2019’s 3,064, and also increased 7.7% over the previous month/Sept’s 3,264.
At 3,155, Oct 2020’s Closed Sales are up 21.9% from Oct 2019’s 2,588, and decreased 3.0% from the previous month/Sept 2020’s total of 3,251
At 3,199, Oct 2020’s Pending Sales are up 25.2% from Oct 2019’s 2,575, and also increased 1.5% over the previous month/Sept 2020’s total of 3,152.
The Average Sale Price in Oct 2020 of $516,000 is up $54,600 from last year/Oct 2019’s $461,400, and is up $6,000 from the previous month/Sept 2020’s $510,000. YTD increase is 6.5%.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Oct 2020 of $460,000 rose from last year/Oct 2019’s $410,500 by $49,500, and is up by $9,000 from the previous month/Sept 2020’s $451,000. YTD increase is 6.1%.

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

North Portland: $450,300 6.5% (Sept $476,000)
- YTD Median: $430,000
NE Portland: $531,200 4.6% (Sept $532,100)
- YTD Median: $452,500
SE Portland: $477,300 6.7% (Sept $467,700)
- YTD Median: $405,000
Gresham/Troutdale: $412,900 4.8% (Sept $409,300)
- YTD Median: $374,900
Milwaukie/Clackamas: $512,100 6.8% (Sept $487,300)
- YTD Median: $449,900
Oregon City/Canby: $511,300 5.8% (Sept $469,700)
- YTD Median: $440,000
Lake Oswego/West Linn:$756,600 9.9% (Sept $782,600)
- YTD Median: $639,500
West Portland: $685,900 4.5% (Sept $636,600)
- YTD Median: $550,000
NW Wash County: $595,600 5.2% (Sept $600,600)
- YTD Median: $524,900
Beaverton/Aloha: $451,200 4.9% (Sept $447,000)
- YTD Median: $415,300
Tigard/Wilsonville: $516,700 8.0% (Sept $534,300)
- YTD Median: $475,000
Hillsboro/Forest Grove: $445,600 5.6% (Sept $438,300)
- YTD Median: $409,900

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn for the month of October 2020 reported:

- 213 Active Listings (Sept 250)
- 197 New Listings (Sept 173)
- 193 Pending Sales (Sept 180)
- 173 Closed Sales (Sept 191)
- Average Sale Price for Oct: $756,600 (Sept $782,600)
  - 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.
- 59 Average Days on the Market (Sept 45)

November 12, 2020November 16, 2020

Advice for Every Buyer

I originally found this list of advice at Realtor.com and it was directed at first-time home buyers. But I think it good advice for every buyer, first time, second, seasoned investor, this advice is great for any and all buyers.

Always always always get a house inspection. Always.

Even if the house looks perfect. It can be brand new and still have flaws. In fact, the longest repair addendum I had ever written was for a brand new home in Tigard. It was a gorgeous house, but this builder was building out an entire street. He had his crews on a production schedule that they had to be finished with a house by a specified date in order to progress to the next lot. There was just so much unfinished stuff. Insulation was missing in part the attic. Roof vents were missing screens. Caulking was missing at the back of the kitchen sink. Catching these items while the crews were still in the neighborhood made it easy to bring the workers back in and to get every last item finished correctly.

Don’t forget to also get inspections for radon, the sewer line, asbestos, in-ground tanks, or any other issue that comes along and reflects the age of the house.

Step away from the computer and get pre-approved.

With the Internet giving us easy access to information, it is super easy to do lots of house shopping on your own. It’s also easy to play with mortgage calculators and come up with what you think you can afford. But there comes a time when you need to start working with professionals. In particular, get pre-approved for any financing that you may need. Work with a real person who is local. The on-line lenders, who shall remain nameless in this post, do not have a good reputation for service. In a multiple offer situation, a buyer using a National, on-line lender may be at a disadvantage to a buyer using a local mortgage company with someone who is the point person through the process. Then find yourself a great Realtor. Experienced professionals will be able to guide you to make the process as painless and successful as possible. I also recommend starting with finding a Realtor and then they can give you contact information for great lenders that they know from experience will take good care of you. Both Linda and I have lenders we love to recommend.

Never miss a deadline.

Your Realtor will be keeping track of the deadlines that you need to meet as far as depositing earnest money and completing inspections. You need to be responsible for meeting deadlines with your lender. When they ask you for paperwork, provide it quickly. If you fail to meet the deadlines that your lender sets, you are compromising the chances of closing on time. You have an obligation to cooperate and be as timely as possible.

Choose a lender you like.

I recommend interviewing at least three. This doesn’t mean making applications with all three. It means having a conversation with them. You are going to be sharing very personal information with them about your finances. Your need to have a rapport with them. Find someone who makes it easy and who works for you. Do they return phone calls quickly? Do they answer your questions in a way that you understand?

Summon reserves of patience.

Finding the right house may take time. You may find that you are in situations with multiple offers and your offer may not be chosen. You may get an offer accepted and then have a bad inspection that forces you to end the deal. You may find that at the time of closing a situation comes up that creates a delay. Any number of issues can happen. Go into the home buying experience and pre-set your thinking with the idea that you will exercise patience and allow the process to happen. It will lower the stress and make the entire journey better.

I hope you have found this advice useful. As always, Linda and I are here to help.

Dianne

November 11, 2020

Market Activity November 2-8, 2020

Last week in Lake Oswego there were 12 properties that came onto the market, 17 that received offers that were accepted and went into pending status, and 24 sold/closed houses or condos.

See below of breakdown of the RMLS data.

New on the Market, November 2-8, 2020

Address	Type	Price	BR	Baths	Sq Ft
45 Eagle Crest Dr #100	Condo	$295,000	3	2	1537
16250 Pacific Hwy #73	Condo	$325,000	2	2	1305
4584 Trillium Woods	Attached	$739,900	3	2.5	2179
4984 Bilford Ln	Detached	$750,000	3	2	2629
2395 Greentree Rd	Detached	$779,900	5	2.5	2777
5322 Carman Grove Ln	Detached	$899,000	3	2.5	2615
14218 Kimberly Circle	Detached	$916,500	4	2.5	3272
2934 Tolkien Ln	Detached	$974,800	5	3.5	3851
6 Essex Ct	Detached	$998,000	4	4	4338
1156 Cherry Ln	Detached	$1,345,000	5	3.5	4084
5349 Washington Ct	Detached	$1,350,000	4	3.5	3906
18277 Crestline Dr	Detached	$3,100,000	4	5.5	6892

Pending sales, November 2-8, 2020

Address	Type	Price	BR	Baths	Sq Ft	CDOM
47 Eagle Crest Dr #62	Condo	$229,000	3	1.5	1026	77
4636 Lower Dr	Condo	$259,900	2	1.5	1170	8
65 Oswego Summit	Condo	$274,900	2	2	1140	4
668 McVey Ave #85	Condo	$274,900	2	1.5	992	4
34 Wheatherstone #17	Condo	$379,900	3	2.5	1692	26
16342 Kimball St	Detached	$525,000	3	1.5	1250	36
17020 Denny Ct	Detached	$535,000	2	2	1704	150
127 Greenwood Rd	Detached	$550,000	3	1	1201	13
77 Greenridge Ct	Attached	$584,900	3	2.5	2190	11
4380 Douglas Way	Detached	$599,950	3	2	1364	7
2290 Overlook Dr	Detached	$725,000	4	2.5	3095	3
18225 65th Ave	Detached	$730,000	5	2.5	2210	37
4311 Orchard Way	Detached	$850,000	3	2.5	2804	3
13745 Cameo Ct	Detached	$924,500	4	4	2846	78
5087 Lakeview Blvd	Detached	$1,200,000	4	3.5	2957	0
527 Northshore Rd	Detached	$1,800,000	3	2	2433	1
4321 Southshore Blvd	Detached	$3,950,000	5	4.5	6731	118

Sold/Closed, November 2-8, 2020

Address	Type	List Price	Sold Price	Sq Ft	CDOM
72 Galen St	Condo	$182,500	$182,500	690	3
16250 Pacific Hwy #80	Condo	$239,000	$199,000	841	165
6930 Montauk Circle	Condo	$235,000	$235,000	924	12
287 Cervantes	Condo	$279,900	$292,500	1144	4
245 Cervantes	Condo	$299,900	$299,900	1292	3
4340 Botticelli	Condo	$399,999	$377,900	2285	160
4520 Lower Dr A-1	Condo	$459,900	$465,000	1750	8
668 McVey Ave #51	Condo	$525,000	$525,000	852	4
200 Burnham Rd #311	Condo	$639,000	$540,000	1894	63
86 Greenridge Ct	Attached	$599,000	$590,000	2718	109
2165 Ridge Pointe Dr	Detached	$650,000	$691,750	4749	5
4007 Brian Ct	Detached	$689,000	$705,000	2282	1
13998 Westcott Ct	Detached	$849,900	$840,000	2727	9
345 E Ave	Detached	$899,000	$910,000	1582	2
5871 Ridgetop Ct	Detached	$975,000	$975,000	3543	3
2100 Summit Dr	Detached	$849,900	$995,000	2358	5
428 C Ave	Attached	$1,149,888	$1,175,000	2607	82
877 9th St	Detached	$1,450,000	$1,438,000	2932	4
289 G Ave	Detached	$1,499,000	$1,450,000	4193	374
18035 Skyland Circle	Detached	$1,595,000	$1,530,000	3893	15
711 7th St	Detached	$1,829,000	$1,675,000	2763	52
18230 River Edge Ln	Detached	$1,790,000	$1,750,000	4608	17
129 Furnace St	Condo	$1,995,000	$1,835,000	4911	135
1099 Terrace Dr	Detached	$2,495,000	$2,385,000	4695	45

November 8, 2020November 8, 2020

This Week in Lake Oswego ~ Nov 9-15, 2020

Here are my picks for happenings in lake Oswego this week:

Mon, Nov 9, 2020– 12:00-1:00PM – Lunch 2 Go! ~ Dining Room is obviously problematic during COVID, but this service continues M/W/F with drive-up service! They love to see your faces! $4.00 over 60 and $5.00 under 60. Adult Community Center – 505 G Ave – Info & Ordering: CLICK HERE

Tue, Nov 10, 2020 – 7:00-8:00PM – Hot Books for Cold Days~Join Lake Oswego Librarians for a preview of the best books to curl up with this winter – Info & Registration: CLICK HERE

Wed, Nov 11, 2020 – 8AM Wed-5PM Fri- Veterans Day – Veterans Memorial ~Visit this memorial to all Veterans featuring 8 Lake Oswego individuals and their stories. Foothill Park, 199 Foothills Road~ Info & Reg: CLICK HERE

Thu, Nov 12, 2020 10:00AM-10:00PM – Sesame Street in Communities~Visit the Kids Page of the Lake Oswego Public Library for a weekly update of information geared toward offering resources for parents and caregiver to make a difference for kids…and you! – CLICK HERE

Fri , Nov 13, 2020: 9:30AM-10:30AM, Little Masters Art Class (Ages 2-5/in-person class w/COVID safety measures) ~ Check in every Friday for a sensory experience with a variety of mediums creating art together! CCP, 1060 Chandler Road Info & Registration : CLICK HERE

Sat , Nov 14 2020: 9:00AM-11:00AM, Stewardship Work Party at Springbrook Park ~ Help restore habitat in this 50-acre natural park Info: CLICK HERE

Sun, Oct 18, 2020– 1:00-3:00PM – Stewardship Work Party at Iron Mountain Park ~ Help restore 50 acres of treasured natural habitat. Bring a shovel, pruners, gloves and a container of water. – Iron Mountain Park, Parking: Off Glen Eagles Rd – Info & Registration: CLICK HERE

November 6, 2020November 6, 2020

Market Activity ~ Oct 26-Nov 1, 2020

Last week we saw 5 New Properties hit the market in Lake Oswego, so New Listings are slowing a bit seasonally, as is always expected. 28 properties moved to Pending status, and 25 Closed/Sold. All in all there are currently 139 properties available in Lake Oswego right now.

NEW Oct 26-Nov 1, 2020

PENDING Oct 26-Nov 1, 2020

SOLD Oct 26-Nov 1, 2020