Tag: affordable housing

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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 

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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.

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Take the Pressure Off

Closeup of hands on clock face
Buying or selling a house is a pretty exciting time in your life. It means you are making a move to a new place, with new opportunities and, perhaps, a new lifestyle. It’s normal to be excited. For folks who are buying a house it is a time of excitement to start fresh in the beautiful new home. For folks who are selling, they are probably looking forward to a move and also to the financial rewards of having owned and cared for a home. Additionally for sellers, time literally is money. Each additional day in escrow is one more day of paying taxes, insurance, and interest. So closing early is very attractive.

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

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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.

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News & Notes ~ Sept 2019 Numbers

Here is your look at the most recent data for the entire Portland area (September 2019) and how Lake Oswego fits in to this picture just below.

According to the RMLS Market Action Report for the Portland Metro Area, September, 2019:

  • There were 3,470  New Listings in September 2019 which was down 3.8%  from September of 2018’s 3,606, and  7.6% from the previous month/August’s 3,757.
  • At 2,377 September 2019’s Closed Sales rose at 4.6% higher than September 2018’s 2,272, and  fell 18.1% from the previous month/August 2019’s total of 2,901.
  • September 2019’s Pending Sales (accepted offers), at 2,686 were up  8.7% from September of 2018’s 2,471, but fell 8.3% short from the previous month/August 2019’s total of  2,929.
  • The Average Sale Price in September 2019 of $458,400 up $10,600 over last year/September 2018’s $447,800, and down $4,200 from the previous month/August 2019’s $462,600.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in September 2019 of $410,000 was up from last year/September 2018’s $392,500 by $17,500, and down $7,500 from the previous month/August 2019’s $417,500.   

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

  • North Portland:  $422,300            0.2%   (Aug $440,400)
    •                                                     YTD Median: $408,0500
  • NE Portland:  $481,600                   2.6%   (Aug $506,200)
    •                                                     YTD Median: $430,000
  • SE Portland:  $422,600                   1.4%   (Aug $424,000)
    •                                                     YTD Median: $375,000
  • Gresham/Troutdale:   $368,800     4.3%   (Aug $372,500)
    •                                                     YTD Median: $350,000
  • Milwaukie/Clackamas:  $442,000  3.3%   (Aug $449,000)
    •                                                     YTD Median: $419,000
  • Oregon City/Canby:   $437,400      4.6%   (Aug $435,800)
    •                                                     YTD Median: $415,000
  • Lake Oswego/West Linn:$680,900  0.8%  (Aug $685,500)
    •                                                      YTD Median: $589,500
  • West Portland:    $593,700             -1.8%  (Aug $578,000)
    •                                                     YTD Median: $520,000
  • NW Wash County:  $534,800         -1.2%   (Aug $535,100)
    •                                                      YTD Median: $515,000
  • Beaverton/Aloha:     $408,100       5.0%   (Aug $406,800)
    •                                                     YTD Median: $390,000
  • Tigard/Wilsonville:   $465,900        1.5%   (Aug $465,200)
    •                                                      YTD Median: $440,000
  • Hillsboro/Forest Grove: $411,300  4.2%   (Aug $416,000)
    •                                                      YTD Median: $384,900

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of September 2019 reported:

    •  405 Active Listings  (Aug 452)
    •  162 New Listings     (Aug 199)
    •  128 Pending Sales   (Aug 140)
    •  120 Closed Sales      (Aug 187)
    • Average Sale Price for September: $680,900  (Aug $685,500)
      • 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.
    •  58 Average Days on the Market   (Aug 76)

 

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Market Activity ~ Oct 14-20, 2019

There are a total of 242 homes for sale right now in Lake Oswego. Last week 10 New properties entered the market, 17 moved to Pending status, and 15 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Oct 14-20, 2019)

Address List Price # Beds # Baths Total SF Prop Type
219 CERVANTES, #219 $229,000 2 2 1100 CONDO
3834 BOTTICELLI ST $279,500 2 2 1055 CONDO
5225 JEAN RD, #507 $320,000 3 2 1400 ATTACHD
4510 LOWER DR, #B1 $425,000 3 2.1 1729 CONDO
18 BRITTEN CT $425,000 3 2.1 1972 ATTACHD
17521 TREE TOP LN $589,000 4 2 2488 DETACHD
16758 GRAEF CIR $589,000 3 1 1295 DETACHD
16805 GASSNER LN $699,000 4 3 1773 DETACHD
533 WEIDMAN CT $1,085,000 5 3.1 4092 DETACHD
18320 MEADOWLARK LN $1,670,000 4 4.2 6053 DETACHD

PENDING SALES (Oct 14-20, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
202 CERVANTES / Ground $190,000 2 2 890 CONDO 150
32 CONDOLEA DR / Main $349,900 2 2 1420 CONDO 56
4268 WOODSIDE CIR $375,000 4 2 1944 ATTACHD 162
16417 LAKE FOREST BLVD $378,999 2 1 1066 DETACHD 28
16524 ROOSEVELT AVE $399,990 3 1 1131 DETACHD 94
6 THE GROTTO $425,000 3 2 1381 DETACHD 5
5430 SW SILETZ CT $495,000 4 2 1915 DETACHD 4
524 2ND ST $497,500 2 2.1 1547 CONDO 120
17518 REDFERN AVE $499,000 3 2 1831 DETACHD 7
45 BECKET ST $624,900 3 2.1 2653 DETACHD 78
975 SOUTHSHORE BLVD $629,900 3 2.1 2191 DETACHD 44
17144 WARREN CT $799,900 4 2.1 2778 DETACHD 491
13978 WESTCOTT CT $895,000 4 3 3267 DETACHD 56
14066 EDENBERRY DR $899,000 4 3.1 3835 DETACHD 109
1287 BICKNER ST $1,065,000 4 3.1 2665 DETACHD 158
1990 Indian Trail $1,150,000 4 3 3557 DETACHD 33
3102 DOUGLAS CIR $1,640,000 5 4.1 4644 DETACHD 197

SOLD (Oct 14-20, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
668 MCVEY AVE, #77 $224,900 $212,500 1 1 496 CONDO 71
15938 QUARRY RD #2B $215,000 $221,000 2 1 988 CONDO 10
48 EAGLE CREST DR, #3D $283,000 $287,000 2 2 1436 CONDO 7
3992 CARMAN DR $325,000 $322,000 2 2.1 1107 CONDO 8
4204 WOODSIDE CIR $400,000 $335,500 2 2 1308 TOWNHSE 115
16892 MAPLE CIR $410,000 $410,000 4 2 1481 DETACHD 0
18391 WOOD THRUSH ST $499,900 $495,000 3 2 1450 DETACHD 40
5222 CARMAN DR $565,000 $545,000 3 2 2543 DETACHD 249
18225 SW 65TH AVE $625,000 $603,000 5 2.1 2210 DETACHD 39
17705 TREE TOP LN $829,900 $620,000 5 3 3428 DETACHD 113
16705 GLENWOOD CT $875,000 $725,000 5 3 4243 DETACHD 149
272 GREENWOOD RD $1,145,000 $1,150,000 4 3.1 3218 DETACHD 153
17979 KELOK RD $1,239,000 $1,200,000 2 2.1 2487 DETACHD 56
13258 AMBER PL $1,469,950 $1,375,000 3 4.1 3436 DETACHD 485
4375 SOUTHSHORE BLVD $7,500,000 $7,500,000 4 5.1 6300 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.

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Market Activity Oct 7-13, 2019

This last week Linda wrote a great editorial about why the fall is a good time to buy or sell. The market activity for last week also really supports her observation. Folks are very active in the market right now as they try to buy a house and have time to move in before the holidays. Lake Oswego had 9 new listings and 18 pending sales. That twice the number of houses that are selling as compared to what’s coming on the market. We also had 4 new listings.

Following is the breakdown for you according to RMLS:

New on the Market (Oct 7-13, 2019)

Address Type Price BR Baths Sq Ft
4 Touchstone #130 Condo $213,900 2 2 984
56 Galen St Condo $239,950 2 2 989
45 Eagle Crest Dr #310 Condo $279,950 3 2 1348
6 The Grotto Detached $425,000 3 2 1381
17518 Redfern Ave Detached $499,000 3 2 1831
4933 Mulholland Dr Attached $618,000 2 2.5 2403
2475 Marylview Ct Detached $849,000 4 2.5 3009
630 9th St Detached $900,000 4 3 2683
289 G Ave Detached $1,699,000 6 3.5 4193

Pending Sales (Oct 7-13, 2019)

Address Type Price BR Baths Sq Ft CDOM
25 Oswego Summit Condo $180,000 1 1 721 53
319 Cervantes Condo $229,900 3 2 1209 60
16065 Kimball St Detached $375,000 3 2 1511 1
16524 Roosevelt Ave Detached $399,990 3 1 1131 84
5071 West Sunset Dr Townhhouse $519,000 2 2.5 1734 148
5178 Lower Dr Detached $525,000 3 2 1800 36
13662 Blazer Trail Detached $532,000 3 2 1896 20
5944 Burma Rd Detached $549,000 3 2 1409 6
1550 Bedford Ct Detached $599,999 3 2.5 2359 404
13 Da Vinci St Detached $725,000 5 3.5 3815 16
2651 Wembley Park Rd Detached $725,000 5 3 2068 170
116 Northshore Rd Detached $729,000 4 2 2218 285
5206 Royal Oaks Dr Detached $735,000 5 3.5 2985 126
19333 Riverwood Ln Detached $869,500 4 3 3110 96
17896 Kelok Rd Detached $874,500 6 6 4093 44
15982 Parker Rd Detached $1,050,000 4 3.5 3135 88
1178 Andrews Rd Detached $1,498,000 4 2.5 3771 8
1010 Northshore Rd Detached $3,198,000 3 3.5 4581 379

Sold/Closed (Oct 7-13, 2019)

Address Type List Price Sold Price Sq Ft CDOM
668 McVey Ave #10 Condo $329,950 $300,000 992 174
4722 Amherst Ct Attached $549,000 $515,000 2,976 138
5 Scarborough Dr Detached $849,000 $792,500 3221 26
18970 Bryant Rd Detached $960,000 $960,000 3172 2

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.

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Selling and Buying in the Fall

Fall is a time that makes us feel like being home. We watch the leaves change, take strolls in the cooling weather, maybe turn our furnaces on for the first time in awhile, or enjoy a fire in the evening if we have a fireplace.

For all these reasons Fall can be a wonderful time to sell a home. When Buyers are looking, it is always an emotional “Home-feeling” reaction that causes them to make an offer on any particular property. As a Seller, you can maximize this with warmth and homey-touches.

A few things to do if you’re selling in the Fall:
– Rake your leaves & detail your yard
– Clean your gutters
– Freshen the interior and add seasonal touches to the decor
– Service your furnace
– Attend to any moss on the roof (do NOT power-wash as this can damage the shingles. A brush works wonders.)
– Touch-up paint
– Clean the deck (decks can be slippery in the Fall)

Fall is also a fabulous time to be a Buyer. There is plenty of inventory, and right now in particular, though it is not an exclusively Seller’s- or Buyer’s- Market per se, there has been a leveling of prices that’s occurred this year, and the current environment is very friendly to both sides in a transaction as it allows all parties to get more of a feeling of getting what they want in the end. On the Buyer-side, Sellers tend to be more willing to work with Buyers and often are interested in Closing before the end of the year or more importantly, the Holidays! That gives you the opportunity to offer things they want in the way of terms, so its not **all** about price for Sellers at this time of year. I bought my own Lake Oswego home and moved in in time for Thanksgiving! That was a holiday season I will never forget.

As always, please feel free to call on Dianne or myself to help you if you want to get into a home or sell one before the Holidays!

Very Best,
Linda

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Market Activity ~ Sept 30-Oct 6, 2019

Real Estate in Lake Oswego is always attractive. Moving into Fall in earnest, there are a total of 262 homes for sale right now. Last week 14 New properties entered the market, 14 moved to Pending status, and 20 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Sept 30-Oct 6, 2019)

Address List Price # Beds # Baths Total SF Prop Type
4 TOUCHSTONE #94 $170,000 3 2.1 1351 CONDO
65 GALEN ST / Main $184,000 1 1 689 CONDO
107 OSWEGO SMT #107 $229,900 2 1.1 1116 CONDO
4634 LOWER DR / Ground $240,000 2 1.1 1260 CONDO
34 WHEATHERSTONE $399,000 3 2.1 1692 CONDO
28 GREENRIDGE CT $399,900 3 2 1900 TOWNHSE
4688 OAKRIDGE RD $494,000 3 2 1788 DETACHD
5944 BURMA RD $549,000 3 2 1409 DETACHD
4006 CANAL WOODS CT $799,000 4 3.1 3514 DETACHD
5685 CHARLES CIR $929,900 4 2.1 2542 DETACHD
4120 CANAL RD $1,100,000 4 3.1 4104 DETACHD
2201 HILLSIDE DR $1,349,900 5 3.1 4195 DETACHD
1178 ANDREWS RD $1,498,000 4 2.1 3771 DETACHD
1100 BAYBERRY RD $1,625,000 3 3 3507 DETACHD

PENDING SALES (Sept 30-Oct 6, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
3944 CARMAN DR / Main $312,000 2 2.1 1101 CONDO 106
1796 BONNIEBRAE DR $407,000 3 2.1 1738 TOWNHSE 21
48 ORIOLE LN $459,500 3 2 2072 TOWNHSE 147
17144 REBECCA LN $539,900 4 2.1 2018 DETACHD 3
17573 BLUE HERON CT $610,000 4 3 2464 DETACHD 87
16921 KARA LN $610,000 3 2.1 2382 DETACHD 71
440 9TH ST $648,000 3 2 2475 DETACHD 70
71 NANSEN SMT $689,000 4 2.1 3523 DETACHD 63
17701 WESTVIEW DR $750,000 3 3 2115 DETACHD 3
15870 TWIN FIR RD $875,000 3 2.1 2856 DETACHD 71
2937 RIVENDELL RD $1,095,000 3 3.1 4965 DETACHD 166
1699 VILLAGE PARK LN $1,129,000 3 2.2 3342 DETACHD 21
553 6TH ST $1,425,000 4 3.1 3539 DETACHD 0
4011 WESTBAY RD $1,795,000 4 3 4518 DETACHD 196

SOLD (Sept 30-Oct 6, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD, H201 $219,000 $212,000 2 2 840 CONDO 5
750 1ST ST, A7 $296,000 $298,325 2 2 1350 CONDO 3
16200 PACIFIC HWY #9 $425,000 $440,000 2 2 1190 CONDO 2
16722 LAKE FOREST BLVD $519,900 $492,000 4 2 1968 DETACHD 85
5292 FIRWOOD RD $499,000 $499,000 3 1 1170 DETACHD 10
18052 HOBBIT CT $759,000 $580,000 4 3.1 3289 DETACHD 126
14677 DORIS AVE $599,900 $595,000 5 3 2848 DETACHD 30
75 NANSEN SMT $745,000 $660,000 4 3.1 3214 DETACHD 47
3220 EDGEMONT RD $689,999 $681,000 4 3 2124 DETACHD 89
2133 RIDGEWOOD RD $779,900 $690,000 4 3 2059 DETACHD 61
870 LAKE FOREST DR $747,900 $747,900 3 2.1 1980 DETACHD 9
4180 CHAPMAN WAY $774,900 $768,000 4 2.1 2681 DETACHD 12
555 ATWATER RD $859,000 $854,000 5 3 4016 DETACHD 9
5005 DOGWOOD DR $987,000 $940,000 5 3.1 4143 DETACHD 52
3826 UPPER DR $1,149,000 $950,000 4 2.1 3187 DETACHD 231
4613 DOGWOOD DR $1,175,000 $1,020,000 5 3.1 4524 DETACHD 125
1125 NORTHSHORE RD $1,150,000 $1,075,000 3 2 1589 DETACHD 49
768 7TH ST $1,285,000 $1,265,000 3 3.1 2802 DETACHD 798
419 7TH ST $1,289,000 $1,279,000 4 2.1 2813 DETACHD 140
16772 ALDER CIR $2,950,000 $2,850,000 4 3.1 3184 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.

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Featured Neighborhood: McVey-Southshore

Lake Oswego has 25 specific neighborhoods and today I am going to tell you about McVey-Southshore.

McVey-Southshore is not a very big area. It is bordered on the North by the Lake and Oswego Creek, on the East by Cornell Rd, on the South by Bergis Rd, and on the West by Oak Terrace and Park Academy. To my knowledge it is all single-family housing. I don’t believe that there are either apartments or condos.

It is super convenient to downtown Lake Oswego. You can easily walk to the Lake Theater and several very nice restaurants. It’s also walking distance to Wholefoods local market 365.

There are currently 18 active listings in the neighborhood. The least expensive is a single-level house with a 2 car garage. It was built in 1952 and has 3 bedrooms, 2 baths, and 1670 square feet for $549,900. The most expensive is a 1939 house that has been extensively updated. On the main lake, it has 7220 square feet with 5 bedrooms and 6.5 bathrooms. There’s an elevator, a swimming pool, a 3-car garage, and a full guest house with its own kitchen. the asking price is $4,895,000.

There is a small commercial district in the neighborhood with a Starbucks, a Thai Restaurant, and several boutiques.

While technically just outside of the boundaries, there is also a very nice park with a playground and room to roam, Freepons Park.

Lake Oswego has lots of options when you are shopping for a home. I think the word I would use to most describe McVey-Southshore is quiet. It’s a quiet area of nice homes and values that range from mid-range to super high-end.

Please let Linda or I know if you have any questions. As always, we are here to help.
Dianne