Tag: buying a home in Lake Oswego

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Market Activity ~ July 8-14, 2019

There are a total of 311 homes for sale in Lake Oswego right now. Last week 29 New properties entered the market, 25 moved to Pending status, and 20 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (July 8-14, 2019)

Address List Price # Beds # Baths Total SF Prop Type
8 CRESTFIELD CT $172,900 1 1 689 CONDO
44 EAGLE CREST DR #23 $177,900 1 1 798 CONDO
100 KERR PKWY #9 $198,000 2 1.1 823 CONDO
668 MCVEY AVE #77 $224,900 1 1 496 CONDO
16250 PACIFIC HWY #82 $234,900 1 1 841 CONDO
200 BURNHAM RD #403 $250,000 2 1 1199 CONDO
3828 BOTTICELLI ST $279,000 3 2 1273 TOWNHSE
34 WHEATHERSTONE #17 $399,900 3 2.1 1692 CONDO
27 GREENRIDGE CT $450,000 3 2.1 2140 TOWNHSE
112 TOUCHSTONE TER $485,000 3 2.1 1964 TOWNHSE
150 KINGSGATE RD $494,900 3 2 1502 DETACHD
17608 SYDNI CT $565,000 3 2.1 2466 TOWNHSE
4281 CHAPMAN WAY $569,900 4 3 2038 DETACHD
2415 GLEN HAVEN RD $599,900 5 3 2614 DETACHD
19415 SYCAMORE AVE $599,995 4 2 1584 DETACHD
5020 JEAN RD $639,000 3 2 1837 DETACHD
17573 BLUE HERON CT $660,000 4 3 2464 DETACHD
16 DA VINCI $679,921 4 2.1 2460 DETACHD
75 NANSEN SMT $695,000 4 3.1 3214 DETACHD
18263 ANDUIN TER $749,000 4 3 3103 DETACHD
2903 LAKEVIEW BLVD $770,000 2 2.1 1951 DETACHD
15008 TWIN FIR RD $789,900 5 3.1 3532 DETACHD
5550 JEAN RD $1,079,000 4 2.1 2784 DETACHD
15982 Parker RD $1,100,000 4 3.1 3135 DETACHD
1125 NORTHSHORE RD $1,150,000 3 2 1589 DETACHD
589 7TH ST $1,299,000 5 4.1 3657 DETACHD
17437 CANAL CIR $1,830,000 4 2.1 2815 DETACHD
13311 LESLIE CT $2,295,000 5 5 5601 DETACHD
15825 OSWEGO SHORE CT $2,299,000 3 3.1 4317 DETACHD

PENDING SALES (July 8-14, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #125 $210,000 2 2 984 CONDO 256
750 1ST ST #D22 $269,000 2 2 1350 CONDO 28
245 CERVANTES $274,900 2 2 1292 CONDO 28
3834 BOTTICELLI ST $279,500 2 2 1055 CONDO 12
16250 PACIFIC HWY #46 $360,000 2 2 1305 CONDO 12
114 GREENRIDGE CT $395,000 2 2 1824 TOWNHSE 60
908 BICKNER ST $465,000 3 2 2263 DETACHD 26
805 BULLOCK ST $519,900 4 2 2482 DETACHD 18
14333 SHERBROOK PL $588,000 3 2 1475 DETACHD 8
14664 RAINBOW DR $635,000 3 2.1 3122 DETACHD 21
737 ASH ST $649,990 4 2 2428 DETACHD 118
2401 GLEN HAVEN RD $675,000 4 3 2942 DETACHD 38
25 EL GRECO ST $685,000 6 3 3731 DETACHD 26
1426 GREENTREE CIR $689,900 4 3 3216 DETACHD 14
5492 YORKSHIRE PL $699,900 4 2.1 2462 DETACHD 46
949 CUMBERLAND RD $750,000 4 2.1 2420 DETACHD 15
5332 LOWER DR $775,000 3 2.1 2632 DETACHD 76
17760 OVERLOOK CIR $779,000 4 3 2357 DETACHD 5
5959 SUNCREEK DR $829,000 4 2.1 3315 DETACHD 1
648 3rd St $869,900 3 2.1 2092 CONDO
32 WILBUR ST $879,000 2 2.1 2671 TOWNHSE 63
29 HILLSHIRE DR $999,000 4 2.1 4690 DETACHD 144
18058 PILKINGTON RD $1,140,000 3 3 3185 DETACHD 82
611 RIDGEWAY RD $1,599,000 4 5.1 4463 DETACHD 128
13430 FIELDING RD $2,200,000 4 3.1 4376 DETACHD 332

SOLD (July 8-14, 2019)

Address Opening Price Close Price # Beds # Baths Total SF Prop Type CDOM
12 CERVANTES CIR #7A $200,000 $200,000 2 1.1 912 CONDO 2
16250 PACIFIC HWY #56 $249,900 $249,900 2 2 1305 CONDO 5
48 EAGLE CREST DR #1E $272,000 $259,000 2 2 1370 CONDO 31
5061 FOOTHILLS DR G $335,000 $311,900 2 2 991 CONDO 56
1367 BONNIEBRAE DR $299,500 $325,000 2 1.1 1008 TOWNHSE 48
4648 REMBRANDT LN $460,000 $439,900 3 2.1 1773 DETACHD 26
1124 HEMLOCK ST $495,000 $486,000 3 2 1257 DETACHD 4
18651 SW DON LEE WAY $524,900 $534,900 4 2 1630 DETACHD 35
2380 DELLWOOD DR $549,999 $545,000 4 3.1 2407 DETACHD 5
19111 INDIAN SPRINGS RD $599,000 $585,000 6 3.1 2432 DETACHD 19
5421 RED LEAF ST $579,900 $589,900 3 2.1 2372 DETACHD 2
17644 SYDNI CT $615,000 $595,000 4 2.1 2460 TOWNHSE 32
209 HIDALGO ST $615,000 $615,000 4 2.1 2609 DETACHD 3
13388 AUBURN CT $609,000 $619,000 3 2.1 2492 ATTACHD 134
2388 OVERLOOK DR $675,000 $645,000 4 3 2765 DETACHD 25
16 INDEPENDENCE AVE $749,900 $725,000 4 3 3979 DETACHD 43
16039 BONAIRE AVE $979,900 $984,000 4 3 3308 DETACHD 20
885 9TH ST $1,499,000 $1,465,000 4 3.1 3757 DETACHD 46
1233 CHERRY LN $2,399,000 $1,750,000 5 4.1 6052 DETACHD 279
2322 KNAUS RD $1,898,000 $1,825,000 4 3.2 5087 DETACHD 214

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 ~ June 2019 Numbers

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

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

  • There were 4,281  New Listings in June 2019 which was down 5.2%  from June of 2018’s 4,515, and a whopping 12.7% from the previous month/May’s 4,902.
  • At 2,756 June 2019’s Closed Sales were also down at 6.4% under June 2018’s 2,946, and  7.2% increase over the previous month/May 2019’s total of 2,969.
  • June 2019’s Pending Sales (accepted offers), at 3,083 were up a tiny bit at  0.8% over June of 2018’s 3,059, but down 6.3% from the previous month/May 2019’s total of  3,292.
  • The Average Sale Price in June 2019 of $472,700 rose only slightly at $300.00 over last year/June 2018’s $472,400, and was up just $1,500 from the previous month/May 2019’s $471,200.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in June 2019 of $420,000 was up modestly from last year/June 2018’s $417,900 by $2,100, and exactly the same as the previous month/May 2019’s $420,000 .   

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

  • North Portland:  $417,900              0.2%   (May 405,000)
    •                                                     YTD Median: $405,000
  • NE Portland:  $491,500                   0.0%   (May $534,500)
    •                                                     YTD Median: $429,700
  • SE Portland:  $434,700                   3.4%   (May $433,500)
    •                                                     YTD Median: $375,000
  • Gresham/Troutdale:   $374,900     5.8%   (May $368,200)
    •                                                     YTD Median: $353,500
  • Milwaukie/Clackamas:  $484,200  3.3%   (May $444,600)
    •                                                     YTD Median: $414,000
  • Oregon City/Canby:   $460,900      6.2%   (May $435,700)
    •                                                     YTD Median: $413,000
  • Lake Oswego/West Linn:$702,000 0.2%   (May $695,600)
    •                                                      YTD Median: $580,000
  • West Portland:    $611,000             1.3%   (May $637,800 )
    •                                                     YTD Median: $525,000
  • NW Wash County:  $535,000         -1.9%   (May $536,900 )
    •                                                      YTD Median: $510,000
  • Beaverton/Aloha:     $411,100       5.8%   (May $414,200)
    •                                                     YTD Median: $390,000
  • Tigard/Wilsonville:   $472,800        2.0%   (May $472,100)
    •                                                      YTD Median: $440,000
  • Hillsboro/Forest Grove: $433,200  3.4%   (May $423,400)
    •                                                      YTD Median: $380,000

LAKE OSWEGO:

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

    •  468 Active Listings  (May 450)
    •  230 New Listings     (May 318)
    •  170 Pending Sales   (May 187)
    •  166 Closed Sales      (May 161)
    • Average Sale Price for June: $702,600  (May $695,600)
      • 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.
    •  79 Average Days on the Market   (May 64)

 

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Market Activity July 1-7, 2019

When we have a major holiday it tends to affect the real estate activity for that week. With the 4th of July last Thursday there were just 14 new listings and 11 closed sales, but the buyers were still out in strong numbers. 23 houses went pending. Our market is going strong!

Following is the breakdown for you according to RMLS:

New on the Market (July 1-7, 2019)

Address Type Price BR Baths Sq Ft
47 Eagle Crest Dr #8 Condo $199,500 2 1 932
219 Cervantes Condo $239,900 2 2 1100
1470 Boca Ratan Dr Townhouse $415,000 4 2 1867
16494 Inverurie Rd Detached $479,000 3 1 1302
14333 Sherbrook Pl Detached $588,000 3 2 1475
20 Northview Ct Attached $624,900 3 3.5 2809
3781 Tempest Dr Detached $630,000 3 2.5 3927
3903 Tempest Dr Detached $640,000 3 2.5 2410
41 Tanglewood Dr Detached $659,900 4 3 3001
1941 Green Acres Ln Detached $744,900 4 2.5 2459
26 Wilbur St Condo $780,000 3 2.5 2802
19333 Riverwood Ln Detached $925,000 4 3 3110
4277 Upper Dr Detached $1,595,000 4 3 4000
4233 Upper Dr Detached $1,595,000 4 3 4000

Pending Sales (July 1-7, 2019)

Address Type Price BR Baths Sq Ft CDOM
3896 Boticelli St Condo $275,000 2 1.5 1132 4
5602 Kenny St Detached $399,000 3 2 1202 29
45 Condolea Ct Condo $425,000 2 2.5 2157 9
5751 Washington Ct Detached $442,900 5 2 2120 48
15360 Twin Fir Rd Detached $460,000 3 1 1020 9
138 Kingsgate Rd Detached $475,000 3 2.5 1680 8
1117 Hemlock St Detached $499,900 3 2 1680 91
1450 Hemlock St Detached $499,500 3 2 2368 3
1659 Oak St Detached $549,000 3 2.5 1885 5
2440 Greentree Rd Detached $549,900 3 1.5 1881 4
8 Sibelius Ct Detached $595,000 4 2.5 2445 4
15790 Murwood Ct Detached $599,000 3 2.5 2075 72
17475 Westview Dr Detached $609,000 3 2.5 2602 27
1041 C Ave Detached $630,000 3 2 1580 7
1058 Hemlock St Detached $649,900 4 3 2077 75
4920 Mulholland Dr Attached $659,900 3 2.5 2498 79
17790 Westview Dr Detached $689,900 4 3 3387 17
5950 Harrington Ave Detached $749,900 4 3.5 2816 48
16176 Matthew Ct Detached $839,900 4 2.5 3474 27
917 Laurel St Detached $849,950 4 3.5 3182 141
3232 Wembley Park Rd Detached $850,000 4 3.5 2841 32
17878 Hillside Dr Detached $899,900 5 3 3594 40
1385 Morning Sky Ct Detached $1,149,000 3 2 3690 119

Sold/Closed (July 1-7, 2019)

Address Type List Price Sold Price Sq Ft CDOM
3982 Carman Dr Condo $349,900 $339,900 1360 42
4 Goya St Detached $427,250 $427,250 3,012 2
45 Greenridge Ct Townhouse $465,000 $456,570 1652 6
6330 Shakespeare St Detached $520,000 $509,000 1792 50
1588 Cherry Ln Detached $749,996 $548,000 2001 207
19040 Olson Ave Detached $600,000 $550,000 2642 24
1305 Hallinan Detached $599,000 $599,000 2510 2
17433 Schalit Way Detached $664,000 $655,500 2350 6
114 3rd St Detached $885,000 $755,002 1140 11
18183 Westminster Dr Detached $800,000 $765,000 3191 26
3137 Douglas Circle Detached $1,750,000 $1,705,000 4378 20

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 Property: 5959 Suncreek Dr

What a beautiful house! I am super excited to introduce you to 5959 Suncreek Dr in the Westlake neighborhood of Lake Oswego. Here are the stats:

$829,000
3315 square feet
4 bedrooms + den, 2.5 baths
Built in 1988 and totally remodeled
Kitchen, baths, furnace and central air all new in 2016
Since 2016 paint inside and out, electric panel, insulation, garage door openers, hot water heater

Built by Olsen Homes, this house is turn-key and features a master on the main level.

Located on a quiet cul-de-sac, the house is adjacent to Southwood Park and enjoys views of the greenspace.

If you are not familiar with Westlake, this is a highly desirable neighborhood because of its convenience to I-5 and 217. It also features a huge park where summer concerts are held.

I’ll be holding this house open this Saturday and Sunday (July 13th and 14th) from noon to 3:00 each day. Come on by!

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Market Activity ~ June 24-30, 2019

There are a total of 305 homes for sale in Lake Oswego right now. Last week 18 New properties entered the market, 27 moved to Pending status, and 26 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (June 24-30, 2019)

Address List Price # Beds # Baths Total SF Prop Type
3834 BOTTICELLI ST $279,500 2 2 1055 CONDO
16250 PACIFIC HWY #46 $360,000 2 2 1305 CONDO
45 CONDOLEA CT $425,000 2 2.1 2157 CONDO
6216 WAYZATA CT $440,000 3 2 1261 DETACHD
15360 TWIN FIR RD $460,000 3 1 1020 DETACHD
138 KINGSGATE RD $475,000 3 2.1 1680 DETACHD
805 BULLOCK ST $519,900 4 2 2482 DETACHD
21 PARTRIDGE LN $599,000 4 3 2492 DETACHD
1621 WOODLAND TER $625,000 4 2.1 2933 DETACHD
1426 GREENTREE CIR $689,900 4 3 3216 DETACHD
949 CUMBERLAND RD $750,000 4 2.1 2420 DETACHD
1771 CAMPUS WAY $778,000 3 3 3247 DETACHD
1982 WEMBLEY PARK RD $840,000 6 4 4561 DETACHD
14066 EDENBERRY DR $1,050,000 4 3.1 3835 DETACHD
4715 FIRWOOD RD $1,099,000 4 3 3607 DETACHD
4721 FIRWOOD RD $1,099,000 4 2.1 3575 DETACHD
489 8TH ST $1,695,000 5 5.1 3700 DETACHD
705 TERRACE DR $2,695,000 4 3.1 3623 DETACHD

PENDING SALES (June 24-30, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #18 $199,999 2 1 932 CONDO 36
202 CERVANTES / Grnd $205,000 2 2 890 CONDO 50
5225 JEAN RD #603 $300,000 3 2 1400 CONDO 122
5737 WASHINGTON CT $478,500 4 1.1 1508 DETACHD 2
32 AQUINAS ST $479,990 3 2 1518 DETACHD 7
1308 CORNELL ST $495,000 4 2 1750 DETACHD 8
17468 FIR RD $550,000 3 2.5 1820 DETACHD 5
19061 INDIAN SPRINGS RD $557,500 4 3 2341 DETACHD 48
225 HIDALGO ST $574,900 4 2.1 2251 DETACHD 7
5955 WASHINGTON CT $575,000 5 2.1 2554 DETACHD 45
15136 GLEN EAGLES CT $599,000 5 3 3150 DETACHD 163
17781 OVERLOOK CIR $599,900 4 2.1 2741 DETACHD 4
17617 SYDNI CT $615,000 4 2.1 2651 TOWNHSE 36
17435 UPPER CHERRY LN $639,000 3 2.1 3384 DETACHD 80
14371 UPLANDS DR $739,000 3 2 2358 DETACHD 54
13202 ROGERS RD $759,950 4 2.1 3117 DETACHD 39
8 OTHELLO ST $799,900 6 4 3690 DETACHD 1
35 HIDALGO ST $879,000 3 3.1 3926 DETACHD 325
17590 BLUE HERON RD $879,900 3 3.1 2160 DETACHD 5
2358 SUMMIT DR $880,000 3 2.1 2995 DETACHD 14
5327 CARMAN GROVE LN $918,000 4 3 3125 DETACHD 99
5476 SOUTHWOOD DR $950,000 5 3 3858 DETACHD 11
19375 SW EASTSIDE RD $1,150,000 4 3.1 4439 DETACHD 3
2008 RIDGEWOOD RD $1,170,000 4 4.1 4268 DETACHD 9
841 NORTHSHORE RD $1,339,000 3 3 2388 DETACHD 189
3096 WEMBLEY PARK RD $1,499,500 5 4 4165 DETACHD 137
15880 OSWEGO SHORE CT $1,585,000 4 3.1 4084 DETACHD 432

SOLD (June 24-30, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
17 OSWEGO SMT / Grnd $125,000 $143,000 1 1 764 CONDO 4
4 TOUCHSTONE #114 $184,900 $170,000 2 2 984 CONDO 6
88 OSWEGO SMT / Upper $175,000 $172,000 1 1 764 CONDO 5
55 OSWEGO SMT / Main $175,000 $180,000 1 1 721 CONDO 3
4 TOUCHSTONE #119 $199,000 $200,000 3 2.1 1351 CONDO 5
170 OSWEGO SMT / Grnd $259,950 $255,450 2 2 1506 CONDO 19
12864 BOONES FERRY RD $389,900 $388,900 2 2.1 1182 CONDO 34
4201 COBB WAY $500,000 $510,000 4 3 2242 DETACHD 3
17 GROUSE TER $650,000 $634,000 4 2.1 3202 DETACHD 7
14 NORTHVIEW CT $695,000 $675,000 4 3.1 3279 ATTACHD 62
1925 GLENMORRIE DR $674,900 $675,000 4 3 2697 DETACHD 3
14580 UPLANDS DR $699,000 $684,000 3 3 2120 DETACHD 39
17488 MARDEE AVE $699,900 $699,900 4 2.1 2168 DETACHD 2
17184 CARLSON CT $725,000 $711,500 4 3.1 3318 DETACHD 9
14058 CHATHAM CT $739,000 $735,000 3 2.1 2235 DETACHD 9
17797 OVERLOOK CIR $749,900 $750,000 4 3 3208 DETACHD 2
1590 BONNIEBRAE DR $749,000 $751,000 4 3 3163 DETACHD 44
79 TANGLEWOOD DR $750,000 $775,000 4 3 3130 DETACHD 3
181 3RD ST #5 $849,000 $810,000 2 2 1725 CONDO 306
197 FURNACE ST / Upper $839,000 $839,000 2 2.1 2091 CONDO 0
5475 WESTFIELD CT $924,900 $902,000 4 2.1 3335 DETACHD 10
267 FURNACE ST $1,098,000 $1,050,000 3 3 3493 DETACHD 16
13047 KNAUS RD $1,195,500 $1,125,000 4 3.2 4200 DETACHD 600
1949 CEDAR CT $1,699,000 $1,500,000 5 5.1 6330 DETACHD 64
15845 OSWEGO SHORE CT $2,150,000 $1,900,000 4 4.1 5500 DETACHD 372
2088 CREST DR $3,799,000 $3,280,000 4 5.1 7737 DETACHD 1337

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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2019 Fourth of July in Lake Oswego!

Celebration is kind of Lake Oswego’s thing~

  • Enjoy Lake Oswego’s own Millenium Concert Band Wed, 7/3 at 7PM: INFO HERE
  • 2019 Star Spangled Parade & Celebration 7/4  10AM-1PM:  INFO HERE
  • Laser Light Show in the Sky!  7/4  7:30-10:30PM Lake Oswego hosts this event in Millenium Plaza Park for a spectacle of lights like you’ve never seen, plus balloon twisting and libations. Bring the whole crew and set up your folding chairs for a fun evening! INFO HERE
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Time to Talk FIRPTA

FIRPTA has been around for along time, but today, it’s become something that Realtors are making an effort to make sure that their clients are fully informed about. FIRPTA is the Foreign Investment in Real Property Tax Act. It is a way for the IRS to collect capital gains from non U.S. citizens who are selling real estate, but don’t live in the United States.

It is particularly important to buyers because if not handled correctly, it has huge financial consequences.

FIRPTA requires that a non resident foreign person pay 10% (for sales of $300,000 to $1,000,000) or 15% (for sales over $1,000,000) of the sales price of the property to the IRS at closing. This will force the non resident foreign person to file a tax return to get back any money that was over collected.

It’s pretty logical. I’d say that there’s a high likelihood that if this was not done, that taxes owing as capital gain would never be collected because the person and the money would be outside of the United States.

So, this may seem pretty mundane, but here is the kicker. If the money is not collected and paid to the IRS, then it becomes a liability to the person who bought the house. Yes, people who seem perfectly innocent can then be hit with an IRS bill in the thousands of dollars. Not so mundane any more, right?

When handled correctly, buyers and sellers will see a disclosure about this issue right up front. Then an affidavit is signed by the home seller to state whether they are a non resident foreign person or not. This affidavit is held by the title company involved to be safe guarded for 6 years on behalf of the buyer of the home. It is a way to protect buyers by showing that every effort was made to comply with FIRPTA. When this is done, the buyer is not liable to the IRS.

This is one reason it’s a good idea to use a Realtor. We take classes and stay informed about issues that are important in the home buying process. We are here to make your experience smooth and successful in every way possible.

As always, thanks for reading the blotter.
Dianne

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Market Activity June 17-23, 2019

We had a great week of real estate activity in Lake Oswego last week. 23 properties came onto the market, 24 moved into pending status, and 26 closed/sold.

Following is the breakdown for you according to RMLS:

New on the Market (June 17-23, 2019)

Address Type Price BR Baths Sq Ft
45 Eagle Crest Dr #516 Condo $190,000 0 1 600
4 Touchstone #143 Condo $249,000 3 3 1351
3944 Carman Dr Condo $329,000 2 2.5 101
1308 Cornell St Detached $495,000 4 2 1750
7190 Childs Rd Detached $535,000 3 2.5 2316
225 Hidalgo Detached $535,000 3 2.5 2316
19211 Indian Springs Rd Detached $599,900 4 3 2132
17921 Cedar Rd Detached $617,000 6 3 2872
14664 Rainbow Dr Detached $635,000 3 2.5 3122
2 Morningview Ln Detached $685,000 4 3.5 2898
5350 Dawn St Detached $795,000 3 3 2420
4553 Snowbrush Ct Detached $819,000 5 3.5 3808
12511 Shelby Ct Detached $925,000 5 3.5 3641
5476 Southwood Dr Detached $950,000 5 3 3858
19253 Childs Ct Detached $989,000 3 3 2675
2008 Ridgewood Rd Detached $1,170,000 4 4.5 4268
772 8th St Detached $1,195,000 4 2.5 3081
3540 Red Cedar Way Detached $1,295,000 4 3.5 4023
13366 Briarwood Ln Detached $1,345,000 4 3 3243
13344 Briarwood Ln Detached $1,345,000 4 3 3243
1640 Country Commons Detached $1,595,000 4 4.5 5373
13322 Briarwood Ln Detached $1,650,000 4 4 3921
17613 Kelok Rd Detached $2,095,000 4 3 4750

Pending Sales (June 17-23, 2019)

Address Type Price BR Baths Sq Ft CDOM
12 Cervantes Cir 7-A Condo $200,000 2 1.5 912 2
10 Cervantes Cir 7-B Condo $209,900 2 1.5 912 33
51 Galen St Condo $250,000 2 2 993 19
233 Cervantes Cir Condo $275,000 2 1.5 1216 189
245 Cervantes Cir Condo $279,999 2 2 1292 5
5060 Foothills Dr F Condo $349,000 2 2 1252 6
45 Greenridge Townhome $465,000 3 2.5 1652 6
47 Oriole Detached $479,000 3 2.5 1882 18
16722 Lake Forest Blvd Detached $509,900 4 2 1968 15
2380 Dellwood Dr Detached $549,999 4 3.5 2407 5
13388 Auburn Ct Attached $609,000 3 2.5 2492 134
1640 Maple St Detached $625,000 3 2 2091 6
4120 Orchard Way Detached $739,000 4 3 3123 22
5655 Southwood Dr Detached $769,900 4 3 2946 1
4224 Albert Circ Detached $808,000 3 2.5 2588 4
197 Furnace St Condo $839,000 2 2.5 2091 0
6044 Clairmont Ct Detached $849,500 4 2.5 3430 274
114 3rd St Detached $885,000 2 1 1140 11
13707 Fielding Rd Detached $899,000 4 3 3337 865
5728 Bay Creek Dr Detached $945,000 5 2.5 3598 25
2464 Palisades Crest Dr Detached $1,100,000 5 3.5 4012 47
17525 Cherry Ct Detached $1,299,000 5 3.5 4559 64
18135 Crestline Dr Detached $1,495,000 4 2.5 2673 64
3137 Douglas Cir Detached $1,750,000 4 3.5 4378 20

Sold/Closed (June 17-23, 2019)

Address Type List Price Sold Price Sq Ft CDOM
4647 Lakeview Blvd D1 Condo $189,900 $189,300 753 19
4 Touchstone #120 Condo $214,900 $214,900 1,351 4
155 Oswego Summit Condo $265,000 $265,000 1506 13
3814 Botticelli St Condo $274,900 $269,900 1055 41
5054 Foothills St Condo $334,900 $327,000 1252 28
48 Greenridge Ct Townhouse $450,000 $437,500 2147 14
13188 Vermeer Dr Detached $529,000 $511,000 1862 16
4261 Collins Way Detached $525,000 $525,000 1476 7
17622 Sydni Ct Townhouse $540,000 $530,000 2182 0
23 Spinosa Detached $595,000 $535,000 2767 171
18667 Pilkington Rd Detached $600,000 $557,700 2512 84
1804 Oak Knoll Ct Detached $675,000 $590,000 2667 69
15518 Heritage Ct Detached $625,000 $640,000 2700 2
6 Scarborough Dr Detached $619,000 $655,000 2513 5
5554 Luce Ln Detached $799,900 $750,000 3269 68
15717 Murwood Ct Detached $769,000 $769,000 2386 3
14292 Meadow Grass St Detached $795,800 $795,800 2759 5
3710 Marquis Ct Detached $968,950 $845,000 3827 126
4581 Hastings Pl Detached $825,000 $851,100 2985 5
649 3rd St Condo $859,900 $859,900 2274 201
12391 Clara Ln Detached $950,000 $1,023,000 2972 5
324 9th St Detached $1,299,900 $1,100,000 2743 46
1835 Cedar Ct Detached $1,199,000 $1,100,000 3165 15
892 8th St Detached $1,299,000 $1,250,000 2747 122
792 2nd St Detached $1,269,000 $1,269,900 2786 87
1051 Sunningdale Rd Detached $1,695,000 $1,703,000 4298 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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News & Notes ~ May 2019 Numbers

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

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

  • There were 4,902  New Listings in May 2019 which was up 5.1%  from May of 2018’s 4,665, and a whopping 16.4% increase over the previous month/April’s 4,210.  (***Strongest May since 2008 which was 5,182.)
  • At 2,969 May 2019’s Closed Sales were up 5.9% from May 2018’s 2,803, and again, a whopping 23.2% increase over the previous month/April 2019’s total of 2,409. (***Strongest May since 2006 which was 3,054.)
  • May 2019’s Pending Sales (accepted offers), at 3,292 were up 2.8% from May of 2018’s 3,201, and also up 6.1% from the previous month/April 2019’s total of  3,102.
  • The Average Sale Price in May 2019 of $471,200 rose $10,500 from last year/May 2018’s $460,700, and was up $19,100 from the previous month/April 2019’s $452,100.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in May 2019 of $420,000 was up from last year/May 2018’s $409,000 by $11,000, and up $15,000.00, from the previous month/April 2019’s $405,000 .   

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

  • North Portland:  $426,300              1.6%   (Apr 421,300 )
    •                                                     YTD Median: $405,000
  • NE Portland:  $534,500                   0.7%   (Apr 446,800  )
    •                                                     YTD Median: $406,500
  • SE Portland:  $433,500                   4.2%   (Apr 422,100)
    •                                                     YTD Median: $373,500
  • Gresham/Troutdale:   $368,200     5.4%   (Apr 390,300)
    •                                                     YTD Median: $353,500
  • Milwaukie/Clackamas:  $444,600  2.6%   (Apr 452,900)
    •                                                     YTD Median: $409,000
  • Oregon City/Canby:   $435,700      6.3%   (Apr 432,800)
    •                                                     YTD Median: $405,000
  • Lake Oswego/West Linn:$695,600 0.9%   (Apr 654,900)
    •                                                      YTD Median: $580,000
  • West Portland:    $637,800             2.3%   (Apr 578,000)
    •                                                     YTD Median: $525,000
  • NW Wash County:  $536,900         -0.4%   (Apr 538,500)
    •                                                      YTD Median: $510,100
  • Beaverton/Aloha:     $414,200       7.5%   (Apr 393,000)
    •                                                     YTD Median: $389,000
  • Tigard/Wilsonville:   $472,100        3.0%   (Apr 467,500)
    •                                                      YTD Median: $435,000
  • Hillsboro/Forest Grove: $423,400  4.2%   (Apr 395,200)
    •                                                      YTD Median: $379,900

LAKE OSWEGO:

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

    •  450 Active Listings  (Apr 385)
    •  318 New Listings     (Apr 285)
    •  187 Pending Sales   (Apr 162)
    •  161 Closed Sales      (Apr 131)
    • Average Sale Price for May: $695,600  (Apr $654,900)
      • 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.
    •  64 Average Days on the Market   (Apr 62)

 

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Market Activity ~ June 10-16, 2019

There are a total of 305 homes for sale in Lake Oswego right now. Last week 20 New properties entered the market, 23 moved to Pending status, and 21 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (June 10-16, 2019)

Address List Price # Beds # Baths Total SF Prop Type
47 EAGLE CREST DR #60 $224,900 3 2 1026 ATTACHD
750 1ST ST #D22 $269,000 2 2 1350 CONDO
5 BLOCH TER $399,900 3 2.1 1972 TOWNHSE
5787 BALEINE ST $419,900 3 1 960 DETACHD
45 GREENRIDGE CT $465,000 3 2.1 1652 TOWNHSE
6024 FERNBROOK CIR $475,000 3 2 1616 DETACHD
908 BICKNER ST $499,500 3 2 2263 DETACHD
524 2ND ST $539,500 2 2.1 1547 CONDO
1640 MAPLE ST $625,000 3 2 2091 DETACHD
4938 MULHOLLAND DR $629,900 3 2.1 2558 ATTACHD
21 GROUSE TER $647,000 4 2.1 3108 DETACHD
25 EL GRECO ST $685,000 6 3 3731 DETACHD
17790 WESTVIEW DR $689,900 4 3 3387 DETACHD
2358 SUMMIT DR $880,000 3 2.1 2995 DETACHD
2151 CREST DR $975,000 4 2.1 4027 DETACHD
15469 DIAMOND HEAD RD $1,298,000 4 3 3734 DETACHD
16359 CHAPIN WAY $1,395,000 4 3.1 4158 DETACHD
13711 FIELDING RD $1,500,000 4 4 4649 DETACHD
3180 DOUGLAS CIR $1,625,000 5 2.2 4768 DETACHD
6720 CHILDS RD $1,950,000 5 4.1 6898 DETACHD

PENDING SALES (June 10-16, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
17 OSWEGO SMT / Grnd $125,000 1 1 764 CONDO 4
5061 FOOTHILLS DR #G $311,900 2 2 991 CONDO 56
9 EAGLE CREST DR $429,000 3 2 1492 DETACHD 5
4201 COBB WAY $499,500 4 3 2242 DETACHD 3
27 PARTRIDGE LN $549,000 3 2 2493 DETACHD 28
5955 WASHINGTON CT $575,000 5 2.1 2554 DETACHD 31
19111 INDIAN SPRINGS RD $579,000 6 3.1 2432 DETACHD 19
17644 SYDNI CT $599,000 4 2.1 2460 TOWNHSE 32
1926 WOODLAND TER $609,900 4 3 2752 DETACHD 4
209 HIDALGO ST $615,000 4 2.1 2609 DETACHD 3
1588 CHERRY LN $649,987 3 2 2001 DETACHD 207
2388 OVERLOOK DR $650,000 4 3 2765 DETACHD 25
16134 WHITE OAKS DR $699,999 4 2.1 2613 DETACHD 23
5492 YORKSHIRE PL $719,900 4 2.1 2462 DETACHD 17
13488 SNOWBERRY CT $729,000 4 2.1 3073 DETACHD 38
18018 GIMLEY CT $754,900 4 3 3612 DETACHD 371
750 BRIERCLIFF LN $769,000 3 3 2682 DETACHD 33
2272 PARK RD $779,900 3 3 2325 DETACHD 2
16176 MATTHEW CT $839,900 4 2.1 3474 DETACHD 7
4250 VIRGINIA WAY $849,000 5 5 3283 DETACHD 2
909 CUMBERLAND PL $950,000 4 3 3267 DETACHD 72
15446 BOONES WAY $1,300,000 3 2.1 3364 ATTACHD 33
2088 CREST DR $3,499,000 4 5.1 7737 DETACHD 1337

SOLD (June 10-16, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
4625 LAKEVIEW BLVD / Grnd $199,900 $194,880 1 1 753 CONDO 29
3433 MCNARY PKWY #211 $216,000 $216,000 2 2 1008 CONDO 41
1444 BOCA RATAN DR $369,000 $363,000 3 2 1393 ATTACHD 5
50 NORTHVIEW CT $499,900 $495,000 3 2.1 2206 TOWNHSE 14
13786 REGENCY CT $560,000 $533,000 3 2 2045 DETACHD 65
20 AQUINAS ST $549,900 $549,900 4 2.1 1837 DETACHD 7
647 2ND ST $579,900 $579,900 2 2 1457 ATTACHD 36
13342 AUBURN CT $614,900 $610,000 3 2.1 2492 ATTACHD 13
4660 BLACK FOREST CT $575,000 $611,000 4 2.1 2157 DETACHD 1
2227 HILLSIDE DR $675,000 $665,000 4 3 3003 DETACHD 204
4362 GLACIER LILY ST $719,000 $731,000 4 2.1 2808 DETACHD 4
17566 BLUE HERON CT $774,800 $764,800 4 3 2681 DETACHD 15
203 HIDALGO ST $800,000 $775,000 4 3.1 4310 DETACHD 4
1961 SUMMIT DR $896,000 $861,000 3 2.1 3137 DETACHD 51
5421 BAY CREEK DR $799,900 $865,000 4 2.1 3232 DETACHD 1
14520 PFEIFER DR $882,000 $875,000 4 3.1 4013 DETACHD 213
1111 BAYBERRY RD $1,098,000 $1,000,000 3 2 2042 DETACHD 46
3822 LAKE GROVE AVE $1,500,000 $1,150,000 5 3.2 5335 DETACHD 363
13078 FIELDING RD $1,500,000 $1,250,000 4 2 3936 DETACHD 15
3127 DOUGLAS CIR $1,579,000 $1,549,000 4 3.1 3870 DETACHD 170
1475 OAK TER $2,450,000 $2,208,000 3 3.1 3674 DETACHD 23

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.