From our homes to yours, Linda and I would like to wish you and yours a very Happy Thanksgiving!
-Dianne
Market Activity Nov 18-24, 2019
Yes, there is a very small chance of snow flurries this week. Nothing like what is happening in the midwest, but still a clear sign that winter is around the corner. Meanwhile, real estate chugs right along. The numbers remain interesting. Last week in Lake Oswego there were 3 new listings, 17 properties that went pending, and 25 closed sales. Folks who want to buy at this time of year are highly aware of the holidays. It’s a natural time to make a move as most employers give time off during the holidays, which makes organizing the move easier. So lots of houses continue to sell with the target of moving by the holiday.
Following is the breakdown for you according to RMLS:
New on the Market (Nov 18-24, 2019)
| Address | Type | Price | BR | Baths | Sq Ft |
| 1293 Hide A Way Ln | Detached | $585,000 | 3 | 2.5 | 1720 |
| 2425 Prestwick Rd | Detached | $719,000 | 3 | 2 | 1464 |
| 6351 Burma Rd | Detached | $899,500 | 4 | 4 | 3500 |
Pending Sales (Nov 18-24, 2019)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 8 Crestfield Ct | Condo | $162,900 | 1 | 1 | 689 | 132 |
| 218 Cervantes #219 | Condo | $229,000 | 2 | 2 | 1100 | 135 |
| 3433 McNary Pkwy #107 | Condo | $235,000 | 2 | 2 | 1008 | 6 |
| 4057 Jefferson Pdwy | Attached | $295,000 | 3 | 2.5 | 1247 | 24 |
| 5060 Foothills Dr B | Condo | $350,000 | 2 | 2 | 1252 | 30 |
| 668 McVey Ave #36 | Condo | $410,000 | 2 | 1 | 852 | 31 |
| 6315 Dawn St | Detached | $469,500 | 3 | 2 | 1934 | 127 |
| 15371 Twin Fir Rd | Detached | $485,000 | 4 | 2 | 2876 | 3 |
| 1611 Lee St | Detached | $589,900 | 3 | 2.5 | 2539 | 2 |
| 41 Tanglewood Dr | Detached | $632,500 | 4 | 3 | 3001 | 141 |
| 18263 Anduin Terr | Detached | $690,000 | 4 | 3 | 3103 | 133 |
| 615 Lake Bay Ct | Detached | $900,000 | 3 | 3 | 2555 | 129 |
| 17808 Hillside Way | Detached | $995,900 | 4 | 3.5 | 3166 | 118 |
| 13581 Rogers Rd | Detached | $999,500 | 4 | 2.5 | 2971 | 287 |
| 15136 Glen Eagles Ct | Detached | $1,100,000 | 4 | 2.5 | 3150 | 3 |
| 4277 Upper Dr | Detached | $1,625,000 | 5 | 3.5 | 3851 | 141 |
| 6720 Childs Rd | Detached | $1,850,000 | 4 | 4.5 | 6898 | 153 |
Sold/Closed (Nov 18-24, 2019)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 319 Cervantes | Condo | $239,900 | $225,000 | 1209 | 60 |
| 56 Galen St | Condo | $239,950 | $235,500 | 989 | 14 |
| 3968 Carman Dr | Condo | $309,900 | $290,000 | 1107 | 35 |
| 48 Oriole Ln | Townhouse | $509,000 | $455,000 | 2072 | 147 |
| 17273 Bryant Rd | Detached | $492,000 | $465,000 | 1452 | 88 |
| 17518 Redfern Ave | Detached | $499,000 | $535,500 | 1831 | 7 |
| 17144 Rebecca Ln | Detached | $539,900 | $545,900 | 2018 | 3 |
| 13455 Auburn Ct | Attached | $549,900 | $549,900 | 1937 | 14 |
| 14201 Dolph Ct | Detached | $699,000 | $577,000 | 1916 | 91 |
| 17521 Tree top Ln | Detached | $589,000 | $589,000 | 2488 | 3 |
| 975 Southshore Blvd | Detached | $639,900 | $629,900 | 2191 | 44 |
| 18381 Heather Ann Ct | Detached | $709,900 | $650,000 | 2983 | 315 |
| 71 Nansen Summit | Detached | $749,000 | $680,000 | 3523 | 63 |
| 16805 Gassner Ln | Detached | $699,000 | $755,000 | 1773 | 4 |
| 14100 Edenberry Dr | Detached | $775,000 | $775,000 | 2881 | 2 |
| 654 1st St | Condo | $824,900 | $790,000 | 2140 | 167 |
| 630 9th St | Detached | $900,000 | $859,000 | 2683 | 14 |
| 15870 Twin Fir Rd | Detached | $900,000 | $875,000 | 2856 | 71 |
| 13978 Westcott Ct | Detached | $945,000 | $885,000 | 3267 | 56 |
| 5685 Charles Circle | Detached | $929,900 | $895,000 | 2542 | 35 |
| 18049 Skyland Circle | Detached | $1,080,000 | $1,050,000 | 3717 | 188 |
| 17912 Kelok Rd | Detached | $1,225,000 | $1,225,000 | 3218 | 6 |
| 4011 Westbay Rd | Detached | $1,895,000 | $1,635,000 | 4518 | 196 |
| 1120 Crestline Ct | Detached | $2,800,000 | $2,500,000 | 6440 | 233 |
| 1142 Crestline Ct | Detached | $3,850,000 | $3,300,000 | 6440 | 233 |
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.
News & Notes ~ October 2019 Numbers
Here is your look at the most recent data for the entire Portland area (October 2019) and how Lake Oswego fits in to this picture just below.
According to the RMLS Market Action Report for the Portland Metro Area, October, 2019:
- There were 3,064 New Listings in October 2019 which was down 1.2% from October of 2018’s 3,100, and 11.7% from the previous month/September’s 3,470.
- At 2,588 October 2019’s Closed Sales rose at 6.1% over October 2018’s 2,440, and also increased 8.9% from the previous month/September 2019’s total of 2,377.
- October 2019’s Pending Sales (accepted offers), at 2,575 were up 3.7% from October of 2018’s 2,484, but fell 4.1% from the previous month/September 2019’s total of 2,686.
- The Average Sale Price in October 2019 of $461,400 up $7,000 from last year/October 2018’s $454,400, and up $3,000 from the previous month/September 2019’s $458,400.
- The “Median” Sale Price (the price smack dab in the middle of all sales) in October 2019 of $410,500 was up from last year/October 2018’s $395,000 by $15,500, and up $500 from the previous month/September 2019’s $410,000.
Neighborhoods: October’s Average Sale Price + 12-month Appreciation :
- North Portland: $408,000 -0.4% (Sep $422,300)
- YTD Median: $407,500
- NE Portland: $466,800 2.3% (Sep $429,000)
- YTD Median: $430,000
- SE Portland: $422,000 2.2% (Sep $422,600)
- YTD Median: $376,000
- Gresham/Troutdale: $376,000 4.3% (Sep $368,800)
- YTD Median: $350,000
- Milwaukie/Clackamas: $431,600 3.6% (Sep $442,000)
- YTD Median: $419,000
- Oregon City/Canby: $438,100 4.9% (Sep $437,400)
- YTD Median: $411,000
- Lake Oswego/West Linn:$763,800 1.2% (Sep $680,900)
- YTD Median: $589,900
- West Portland: $627,500 -2.5% (Sep $593,700)
- YTD Median: $520,000
- NW Wash County: $573,800 -1.8% (Sep $534,800)
- YTD Median: $520,000
- Beaverton/Aloha: $405,500 4.5% (Sep $408,100)
- YTD Median: $390,000
- Tigard/Wilsonville: $474,700 1.9% (Sep $465,900)
- YTD Median: $439,900
- Hillsboro/Forest Grove: $420,700 4.3% (Sep $411,300)
- YTD Median: $384,900
LAKE OSWEGO:
The combined areas of Lake Oswego and West Linn for the month of October 2019 reported:
-
- 354 Active Listings (Sep 405)
- 129 New Listings (Sep 162)
- 126 Pending Sales (Sep 128)
- 106 Closed Sales (Sep 120)
- Average Sale Price for October: $763,800 (Sep $680,900)
- 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.
- 92 Average Days on the Market (Sep 58)
Market Activity ~ Nov 11-17, 2019
There are a total of 204 homes for sale right now in Lake Oswego. Last week 13 New properties entered the market, 12 moved to Pending status, and 17 were “Closed”/Sold.
Following is the breakdown for you according to RMLS:
NEW on Mkt (Nov 11-17, 2019)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 100 KERR PKWYbb #52 | $168,950 | 1 | 1 | 617 | CONDO |
| 9 OSWEGO SMT/Lower | $180,000 | 1 | 1 | 764 | CONDO |
| 54 CERVANTES CIR/Grnd | $205,000 | 2 | 1.1 | 912 | CONDO |
| 86 KINGSGATE RD #H201 | $221,000 | 2 | 2 | 840 | CONDO |
| 65 OSWEGO SMT/Upper | $245,000 | 2 | 2 | 1140 | CONDO |
| 17 SUMMIT RIDGE CT | $325,000 | 2 | 2.1 | 1844 | TOWNHSE |
| 1010 LAUREL ST | $559,900 | 2 | 2 | 2498 | DETACHD |
| 304 6TH ST | $575,000 | 1 | 1 | 941 | DETACHD |
| 17721 OVERLOOK CIR | $739,900 | 4 | 2.1 | 3172 | DETACHD |
| 5006 UPPER DR | $1,300,000 | 4 | 3.1 | 3284 | DETACHD |
| 707 LAKE SHORE RD | $1,925,000 | 3 | 3.1 | 2689 | DETACHD |
| 17313 BLUE HERON RD | $2,069,000 | 4 | 2.2 | 3454 | DETACHD |
| 1190 FAIRWAY RD | $2,599,000 | 4 | 4.1 | 5855 | DETACHD |
PENDING SALES (Nov 11-17, 2019)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 16200 PACIFIC HWY #6 | $419,500 | 2 | 2 | 1190 | CONDO | 2 |
| 4510 LOWER DR B1 | $425,000 | 3 | 2.1 | 1729 | CONDO | 30 |
| 1775 CLOVERLEAF RD | $549,900 | 4 | 2.1 | 2238 | DETACHD | 5 |
| 3903 TEMPEST DR | $579,000 | 3 | 2.1 | 2410 | DETACHD | 138 |
| 5554 ROYAL OAKS DR | $595,000 | 3 | 2 | 1861 | DETACHD | 3 |
| 500 MAPLE ST | $599,500 | 3 | 2.1 | 2567 | DETACHD | 153 |
| 15008 TWIN FIR RD | $689,900 | 5 | 3.1 | 3532 | DETACHD | 125 |
| 5709 CHARLES CIR | $725,000 | 4 | 2.1 | 2912 | DETACHD | 109 |
| 1952 EGAN WAY | $864,000 | 3 | 3 | 2961 | DETACHD | 167 |
| 14711 UPLANDS DR | $1,150,000 | 4 | 4.1 | 3327 | DETACHD | 931 |
| 2311 PALISADES CREST DR | $1,249,000 | 4 | 2.1 | 4903 | DETACHD | 88 |
| 3122 UPPER DR | $1,299,000 | 4 | 4 | 3939 | DETACHD | 196 |
SOLD (Nov 11-17, 2019)
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 65 GALEN ST / Main | $184,000 | $180,000 | 1 | 1 | 689 | CONDO | 18 |
| 4 TOUCHSTONE #69 | $186,000 | 3 | 3 | 1351 | CONDO | 20 | |
| 5225 JEAN RD #403 | $279,000 | $277,000 | 2 | 2 | 1200 | CONDO | 10 |
| 6 THE GROTTO | $425,000 | $425,000 | 3 | 2 | 1381 | DETACHD | 5 |
| 6216 WAYZATA CT | $440,000 | $425,000 | 3 | 2 | 1261 | DETACHD | 86 |
| 5944 BURMA RD | $549,000 | $547,000 | 3 | 2 | 1409 | DETACHD | 6 |
| 14363 CAMDEN LN | $579,000 | $584,000 | 4 | 2.1 | 2438 | DETACHD | 4 |
| 79 GREENRIDGE CT | $595,000 | $584,000 | 3 | 2 | 1642 | TOWNHSE | 9 |
| 1550 BEDFORD CT | $624,000 | $590,000 | 2 | 2.1 | 2359 | DETACHD | 404 |
| 17573 BLUE HERON CT | $625,000 | $605,000 | 4 | 3 | 2464 | DETACHD | 87 |
| 45 BECKET ST | $650,000 | $610,000 | 3 | 2.1 | 2653 | DETACHD | 78 |
| 2103 RIDGEWOOD RD | $657,000 | $657,000 | 4 | 2 | 1648 | DETACHD | 3 |
| 13 Da Vinci ST | $725,000 | $690,000 | 5 | 3.1 | 3815 | DETACHD | 16 |
| 5206 ROYAL OAKS DR | $735,000 | $720,000 | 5 | 3.1 | 2985 | DETACHD | 126 |
| 17701 WESTVIEW DR | $750,000 | $867,000 | 3 | 3 | 2115 | DETACHD | 3 |
| 2937 RIVENDELL RD | $1,200,000 | $1,095,000 | 3 | 3.1 | 4965 | DETACHD | 166 |
| 15880 OSWEGO SHORE CT | $1,499,000 | $1,415,000 | 4 | 3.1 | 4084 | DETACHD | 561 |
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.
Featured Property: 26 Acre Estate
One of the things that Linda and I like to do is introduce you to really interesting houses for sale here in Lake Oswego. One of special significance came onto the market this week, a 26 acre estate.
It’s just so rare to find a large piece of property like this anywhere in the Portland metro area, but especially here in Lake Oswego. Land is just so valuable that most of it has been divided up and turned into neighborhoods. Sure, you can find houses on acreage if you go South down to Stafford, but to find something that is literally walking distance to a coffee shop, that is special.
What it takes for something like this to occur are home owners who want the lifestyle of living on what 
is basically a small farm. This land has a barn, stables, an orchard, a pond, an arena and a caretaker’s cottage.
The house itself is also very special. Designed by Roscoe Hemmenway and built in 1951, it has 5114 square feet, 6 bedrooms, and 4.5 bathrooms. The list price is $7,999,000.
Hemmenway was a very well-known Oregon architect. He was a class mate of Richard Sundeleaf and graduated from the U of O school of Architecture in 1922. He had a highly respected career and designed over 300 homes. The largest concentration of Hemmenway houses are in Dunthorpe. He is best known for the Colonial 
Revival style and took great pride is maintaining the historic details of the design.
Yes, Lake Oswego has lots of multi-million dollar homes, so the price is not what is significant. What is significant is that now is one of the few opportunities that a property of this nature is available.
My thanks to the listing agent, Diana Harrell with Premiere Property Group, LLC. (503-890-2738, dianah@premierepropertygroup.com) for allowing me to feature her listing.
If you would like more information, please give Linda or me a call. We’d love to be of help.
Dianne
Market Activity Nov 4-10, 2019
We are now officially entering into “The Holidays”, that mythical time of year when folks are very busy gearing up for Thanksgiving and Christmas, and Hanukkah. Yes, the market does slow down. But, and it’s a big but, it still cranks right along. Buyers who are shopping at this time of year are MOTIVATED. It’s a great time to put your house on the market and it’s also a great time of year to buy a house.
Last week in Lake Oswego there were 5 new listings, 7 properties that went pending, and 18 closed sales.
Following is the breakdown for you according to RMLS:
New on the Market (Nov 4-10, 2019)
| Address | Type | Price | BR | Baths | Sq Ft |
| 16946 Lower Meadows Dr | Detached | $525,000 | 3 | 2.5 | 1792 |
| 3615 Upper Dr | Detached | $600,000 | 3 | 2 | 1529 |
| 4511 Oakridge Rd | Attached | $639,900 | 3 | 2.5 | 2129 |
| 936 Evergreen Rd | Detached | $2,195,000 | 4 | 3.5 | 3772 |
| 16931 Maple Circle | Detached | $3,995,000 | 4 | 4.5+.5 | 5725 |
Pending Sales (Nov 4-10, 2019)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 202 Cervantes | Condo | $190,000 | 2 | 2 | 890 | 170 |
| 7155 Childs Rd | Condo | $213,000 | 2 | 1 | 893 | 114 |
| 200 Burnham Rd #400 | Condo | $234,900 | 1 | 1 | 948 | 5 |
| 19319 Dogwood Ct | Detached | $775,000 | 4 | 2.5 | 3119 | 90 |
| 4031 Orchard Dr | Detached | $795,000 | 4 | 2.5 | 3271 | 89 |
| 4006 Canal Woods Ct | Detached | $799,000 | 4 | 3.5 | 3514 | 35 |
| 13596 Goodall Rd | Detached | $1,579,000 | 4 | 4.5 | 3552 | 205 |
Sold/Closed (Nov 4-10, 2019)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 16317 Bonaire Ave | Detached | $349,000 | $320,000 | 1219 | 5 |
| 668 McVey Ave #50 | Condo | $380,000 | $380,000 | 636 | 231 |
| 16065 Kimball St | Detached | $375,000 | $403,500 | 1511 | 1 |
| 336 Livingood Ln | Detached | $575,000 | $505,000 | 2392 | 194 |
| 5178 Lower Dr | Detached | $565,000 | $509,000 | 1800 | 36 |
| 12 Northview Ct | Attached | $525,000 | $520,000 | 3266 | 143 |
| 13662 Blazer Trail | Detached | $532,000 | $522,000 | 1896 | 26 |
| 358 Lake Bay Ct | Detached | $735,000 | $595,000 | 1460 | 69 |
| 18212 Indian Creek Dr | Detached | $659,000 | $664,000 | 2283 | 3 |
| 116 Northshore Rd | Detached | $729,000 | $695,000 | 2218 | 285 |
| 14066 Edenberry Dr | Detached | $1,050,000 | $860,000 | 3835 | 109 |
| 15982 Parker Rd | Detached | $1,100,000 | $1,013,801 | 3135 | 88 |
| 1699 Village Park Ln | Detached | $1,129,000 | $1,088,000 | 3342 | 21 |
| 4155 Canal Rd | Detached | $1,250,000 | $1,175,000 | 3805 | 14 |
| 14089 Edenberry Dr | Detached | $1,700,000 | $1,300,000 | 3398 | 62 |
| 1178 Andrews Rd | Detached | $1,498,000 | $1,498,000 | 3771 | 8 |
| 13322 Briarwood Ln | Detached | $1,650,000 | $1,600,000 | 3921 | 55 |
| 13132 Thoma Rd | Detached | $2,469,900 | $2,180,000 | 5362 | 144 |
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.
This Week in Lake Oswego ~ Nov 11-17, 2019
Here are my picks for things happening this week!
Mon, Nov 11, 2019– 11:00AM-12:00PM – Veterans Day Memorial Ceremony ~ Lake Oswego honors our Veterans with a Ceremony including presentations and a fly-over at Foothills Park, 199 Foothills Drive – Info: CLICK HERE
Tue, Nov 12 2019 – 7:00-8:00PM – Pints from the Past presents “Chop Suey for All: Chinese Cooks in Oregon” ~ Richard Engeman is a historian and archivist with a deep and wide understanding of the history of the northwest. He’ll present the story of Chinese immigrants from 1850 to the present!~ Lake Theater & Cafe, 106 N State St- Info: CLICK HERE
Wed, Nov 13, 2019 – 1:00-2:00PM – Celtic Music Concert – Andrea and the Bad Wolves! ~ This Welsh Folk revival band share exciting arrangements of traditional folk songs from Wales, Cornwall and Scotland. ~ Lake Oswego Public Library, 706 Fourth St-Info: CLICK HERE
Thu, Nov 14, 2019 10:30-11:00AM – Fun for Ones! Storytime for One-Year-Olds ~ Join this group for a story, music and fun! (every Thursday) ~ Lake Oswego Public Library, 706 Fourth St –Info: CLICK HERE
Fri, Nov 15, 2019 9:30-10:30AM –Little Masters ~ Parents and 2-5 year olds play in the art room! (every Friday) ~ CCP, 1060 Chandler Rd – Info: CLICK HERE
Sat, Nov 16 2019 – 4:00-6:00PM ~ Cork Art! This program lets adults create a variety of Cork Art projects from wine charms to garden art! ~CCP, 1060 Chandler Rd –Info: CLICK HERE
Sun, Nov 17 2019 – 1:00-3:00PM ~ Iron Mountain Stewardship Work Party ~ Give nature a helping hand by removing invasive species and more, plus… get to know your Lake Oswego neighbors! ~ Iron Mountain Park – Info : CLICK HERE
Market Activity ~ Oct 28-Nov 4, 2019
There are a total of 220 homes for sale right now in Lake Oswego. Last week 7 New properties entered the market, 22 moved to Pending status, and 15 were “Closed”/Sold.
Following is the breakdown for you according to RMLS:
NEW on Mkt (Oct 28-Nov 4, 2019)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 12862 BOONES FERRY RD #114 | $378,500 | 2 | 2.1 | 1136 | CONDO |
| 4282 WOODSIDE CIR | $385,000 | 2 | 2 | 1444 | ATTACHD |
| 16377 KIMBALL ST | $399,900 | 3 | 1 | 1200 | DETACHD |
| 100 LEONARD ST / Upper | $664,000 | 3 | 2 | 1736 | CONDO |
| 8 DOVER WAY | $1,500,000 | 6 | 4.2 | 6118 | DETACHD |
| 736 SOUTHVIEW RD | $3,398,000 | 4 | 3.2 | 4639 | DETACHD |
| 460 SW BERGIS RD | $7,999,000 | 6 | 4.1 | 5114 | DETACHD |
PENDING SALES (Oct 28-Nov 4, 2019)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 82 GALEN ST | $175,000 | 1 | 1 | 690 | CONDO | 36 |
| 4 TOUCHSTONE #130 | $200,000 | 2 | 2 | 984 | CONDO | 25 |
| 3968 CARMAN DR | $299,900 | 2 | 2.1 | 1107 | CONDO | 35 |
| 18 BRITTEN CT | $425,000 | 3 | 2.1 | 1972 | ATTACHD | 19 |
| 17761 DEEMAR WAY | $448,000 | 3 | 2 | 1610 | DETACHD | 179 |
| 15003 TWIN FIR RD | $492,000 | 2 | 1 | 984 | DETACHD | 7 |
| 1716 ASPEN CT | $515,000 | 3 | 2 | 1528 | DETACHD | 9 |
| 14498 CAMDEN LN | $549,900 | 4 | 2.1 | 1918 | DETACHD | 91 |
| 16106 LAKE FOREST BLVD | $549,900 | 3 | 1.2 | 3440 | DETACHD | 482 |
| 79 GREENRIDGE CT | $595,000 | 3 | 2 | 1642 | TOWNHSE | 9 |
| 4981 HAMPTON CT | $619,000 | 4 | 2.1 | 2440 | DETACHD | 60 |
| 14201 DOLPH CT | $624,999 | 3 | 2 | 1916 | DETACHD | 91 |
| 34 MORNINGVIEW CIR | $679,000 | 4 | 2.1 | 2942 | DETACHD | 36 |
| 18381 HEATHER ANN CT | $696,000 | 4 | 2.1 | 2983 | DETACHD | 315 |
| 573 2ND ST / Upper | $789,000 | 2 | 2.1 | 1748 | CONDO | 148 |
| 654 1ST ST | $799,900 | 2 | 2.1 | 2140 | CONDO | 167 |
| 1451 GREENTREE CIR | $875,000 | 4 | 3.1 | 2300 | DETACHD | 84 |
| 4105 PFEIFER CT | $882,000 | 5 | 2.1 | 4176 | DETACHD | 425 |
| 2013 RIDGEWOOD RD | $1,025,000 | 5 | 3.1 | 4116 | DETACHD | 231 |
| 994 COUNTRY CMNS | $1,225,000 | 4 | 2.1 | 3968 | DETACHD | 180 |
| 15566 VILLAGE PARK CT | $1,378,000 | 5 | 3.1 | 4855 | DETACHD | 386 |
| 15880 OSWEGO SHORE CT | $1,499,000 | 4 | 3.1 | 4084 | DETACHD | 561 |
SOLD (Oct 28-Nov 4, 2019)
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 4000 CARMAN DR #33 | $274,900 | $270,000 | 2 | 2 | 1103 | CONDO | 2 |
| 32 CONDOLEA DR / Main | $359,900 | $330,000 | 2 | 2 | 1420 | CONDO | 56 |
| 16494 INVERURIE RD | $479,000 | $450,000 | 3 | 1 | 1302 | DETACHD | 68 |
| 2305 GLEN HAVEN RD | $501,300 | $501,300 | 2 | 2 | 1580 | DETACHD | 0 |
| 336 LIVINGOOD LN | $575,000 | $505,000 | 4 | 2.1 | 2392 | DETACHD | 194 |
| 13242 VERMEER DR | $549,000 | $540,000 | 3 | 2.1 | 2100 | DETACHD | 7 |
| 16921 KARA LN | $620,000 | $607,000 | 3 | 2.1 | 2382 | DETACHD | 71 |
| 16 ABELARD ST | $625,000 | $610,000 | 5 | 3 | 3012 | DETACHD | 31 |
| 18833 INDIAN CREEK AVE | $619,900 | $619,900 | 4 | 2.1 | 2301 | DETACHD | 15 |
| 30 WESTRIDGE DR | $659,900 | $650,000 | 4 | 3 | 3290 | DETACHD | 27 |
| 1255 BAYBERRY RD | $859,000 | $765,000 | 3 | 2 | 1910 | DETACHD | 116 |
| 19333 RIVERWOOD LN | $925,000 | $869,500 | 4 | 3 | 3110 | DETACHD | 96 |
| 1715 EDGECLIFF TER | $1,625,000 | $1,550,000 | 4 | 4.1 | 4927 | DETACHD | 372 |
| 13132 Thoma RD | $2,469,900 | $2,180,000 | 5 | 4.1 | 5362 | DETACHD | 144 |
| 910 NORTHSHORE RD | $4,195,000 | $4,125,000 | 5 | 6.1 | 5203 | DETACHD | 0 |
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.
Take the Pressure Off
The typical loan can be put together in 30-45 days. There are even lenders who promote that they can close a loan in 2 weeks. I have seen that happen on one occasion. It was a builder and my client-buyer used the builders loan program. We went from contract to keys in 2 weeks. That was a motivated builder!
As much as a quick close is appealing and can be done, it really adds pressure to the buying experience. To close in 30 days or less you pretty much need to order the appraisal at the time that agreement is reached in the contract, which is prior to getting your home inspection. Because appraisers are now done by third party companies, this means that the appraisal has to be paid for whether you buy the house or not. So if the home inspection does not go well, it is money lost.
It also creates pressure the week of closing. Federal guidelines require that buyers receive a disclosure statement from their lender outlining the exact closing costs. This must be received and signed not less than 3 days before actually signing the loan documents. Then remember that most lenders want at least 24 hours after you sign your loan documents to review the papers before releasing the funds to close.
This is all about my suggestion that you go for a time line of 40-45 days. It just simply takes the pressure off and makes the experience more enjoyable. I know, I know, you want to be in by Thanksgiving….I’ll do whatever it takes to make it happen!
Dianne
Market Activity Oct 21-27, 2019
The last few days have been absolutely spectacular. Fall colors are at their prime and the clear blue skies have really created exceptional beauty. Love this time of year!
As far as real estate, sales are staying very strong. Last week in Lake Oswego brought 14 new listings onto the market, 18 properties that accepted offers and went into pending status, and 12 properties that sold/closed.
Following is the breakdown for you according to RMLS:
New on the Market (Oct 21-27, 2019)
| Address | Type | Price | BR | Baths | Sq Ft |
| 4000 Carman Dr C37 | Condo | $249,000 | 1 | 1 | 836 |
| 4057 Jefferson Pkwy | Attached | $295,000 | 3 | 2.5 | 1247 |
| 5060 Foothills Dr B | Condo | $350,000 | 2 | 2 | 1252 |
| 16200 Pacific Hwy #21 | Condo | $399,900 | 2 | 2 | 1190 |
| 668 McVey Ave #36 | Condo | $410,000 | 2 | 1 | 852 |
| 12846 Boones Ferry Rd | Condo | $389,000 | 2 | 2.5 | 1234 |
| 27 Greenridge Ct | Townhouse | $424,000 | 3 | 2.5 | 2140 |
| 1716 Aspen Ct | Detached | $515,000 | 3 | 2 | 1528 |
| 79 Greenridge Ct | Townhouse | $595,000 | 3 | 2 | 1642 |
| 1250 Pine St | Detached | $629,000 | 4 | 3 | 2856 |
| 15773 Springbrook Ct | Detached | $629,900 | 3 | 2 | 1616 |
| 17393 Grandview Ct | Detached | $839,000 | 4 | 3.5 | 3672 |
| 16892 Maple Circle | Detached | $1,425,000 | 3 | 2.5 | 1693 |
| 959 Country Club Rd | Detached | $2,900,000 | 3 | 4.5 | 4120 |
Pending Sales (Oct 21-27, 2019)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 86 Kingsgate Rd i-201 | Condo | $226,000 | 2 | 2 | 856 | 35 |
| 124 Oswego Summit | Condo | $234,999 | 2 | 2 | 1140 | 163 |
| 56 Galen St | Condo | $239,950 | 2 | 2 | 989 | 14 |
| 4634 Lower Dr | Condo | $240,000 | 2 | 1.5 | 1260 | 19 |
| 1581 Bonniebrae Dr | Townhouse | $355,000 | 2 | 2 | 1393 | 77 |
| 17273 Bryant Rd | Detached | $475,000 | 3 | 1.5 | 1452 | 88 |
| 13455 Auburn Ct | Attached | $549,900 | 3 | 2.5 | 1937 | 14 |
| 38 Briarwood Rd | Detached | $569,900 | 7 | 2.5+.5 | 2554 | 412 |
| 17251 Tree Top Ln | Detached | $589,000 | 4 | 2 | 2488 | 3 |
| 12396 Clara Ln | Detached | $600,000 | 3 | 2.5 | 2007 | 967 |
| 358 Lake Bay Ct | Detached | $654,000 | 3 | 2 | 1460 | 69 |
| 16850 Gassner Ln | Detached | $699,000 | 4 | 3 | 1773 | 4 |
| 2395 Palisades Crest Dr | Detached | $720,000 | 4 | 3 | 3397 | 36 |
| 630 9th St | Detached | $875,000 | 4 | 3 | 2683 | 14 |
| 2151 Crest Dr | Detached | $899,950 | 4 | 2.5 | 4690 | 139 |
| 362 9th St | Detached | $999,000 | 3 | 2.5 | 2018 | 165 |
| 489 8th St | Detached | $1,589,000 | 5 | 5.5 | 3700 | 119 |
| 705 Terrace Dr | Detached | $2,549,000 | 4 | 3.5 | 3623 | 114 |
Sold/Closed (Oct 21-27, 2019)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 4000 Carman Dr D53 | Condo | $219,000 | $219,000 | 836 | 13 |
| 1796 Bonniebrae Dr | Townhouse | $415,000 | $390,000 | 1,738 | 21 |
| 17609 Sydni Ct | Townhouse | $549,000 | $545,000 | 2466 | 70 |
| 3781 Tempest Dr | Detached | $630,000 | $550,000 | 3927 | 58 |
| 16972 Greentree Ave | Detached | $575,000 | $575,000 | 2692 | 7 |
| 16 Da Vinci | Detached | $679,921 | $608,000 | 2460 | 59 |
| 17613 Woodhurst Pl | Detached | $889,900 | $810,000 | 4622 | 146 |
| 2399 Palisades Crest Dr | Detached | $1,100,000 | $1,050,000 | 4452 | 146 |
| 4687 Firwood Rd | Detached | $1,198,000 | $1,198,000 | 2803 | 172 |
| 3270 Fir Ridge Rd | Detached | $1,449,000 | $1,400,000 | 3872 | 14 |
| 720 Southview Rd | Detached | $2,395,000 | $2,050,000 | 3599 | 115 |
| 1010 Northshore Rd | Detached | $3,198,000 | $2,680,000 | 4581 | 379 |
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.