Tag: buying real estate

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News & Notes ~ Year-End Dec 2018

Hello 2019!!!  Every year we get to take a look at how the numbers shook out for the prior year by digging into the December report, 1st through the 31st. The winter/holiday months always bring some cooling, and we also get to look at full year-to-year comparisons at this juncture.

Here is your look at the most recent data for the entire Portland area (Dec) as well as YTD numbers and how Lake Oswego fits in to the picture just below.

According to the RMLS Market Action Report for Portland Metro Area, December 2018:

– There were 1,255 New Listings in December 2018 which was down 21.4% from December of 2017’s 1,617, and also down 45.7% from the previous month/Nov of 2018’s total of 2,310.

  • ***New Listings for the entire year were: 41,287, an increase of 1.2% over 2017.

– At 1,846, December Closed Sales cooled  21.4% from December 2017’s 2,350, and also 13.9 % from the previous month/Nov 2018’s total of 2,144.  ***This is the coolest December for Closed Sales since 2013 when the total was 1,821.

  • ***Closed Sales for the entire year were: 29,771, a decrease of 5.9% from 2017.

-December’s Pending Sales (accepted offers), at 1,599 are down 9.0% down from December of 2017’s 1,757, and 16.0% from the previous month/Nov 2018’s total of  1,904.

  • ***Pending Sales for the entire year were: 29,809, a decrease of 4.9% from 2017.

-The Average Sale Price in December of $438,600 was up $16,900 from last year/December 2017’s $421,700, and down from the previous month/Nov 2018’s  $448,900 by $10,300.   

  • ***YTD Average Sale Price for the entire year was: $452,400 up 5.5% from $428,700 in Dec 2017.

-I am including Median Sale Price in 2019. So, for reference, when we do this again next year, the Median Sale Price (price smack dab in the middle) in December 2018 was: $390,000. Up from $380,000 in Dec 2017.

  • ***YTD Median Sale Price for the entire year was: $400,000, up 5.3% from 2017’s $379,900.

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

  • North Portland:  $388,700              4.3%   (Nov 412,500/Dec ’17: 400,500, 5.9%)
    • YTD Median: $400,000
  • NE Portland:  $450,600                  4.0%   (Nov 453,100/Dec ’17: 430,000, 8.1%)
    • YTD Median: $415,000
  • SE Portland:  $425,900                   5.9%   (Nov 425,200/Dec ’17: 382,200, 8.7%)
    • YTD Median: $375,000
  • Gresham/Troutdale: $338,500      7.7%   (Nov 361,600/Dec ’17: 329,600,10.4%)
    • YTD Median: $340,000
  • Milwaukie/Clackamas: $427,500   4.6%   (Nov 443,400/Dec ’17: 411,500, 9.1%)
    • YTD Median: $400,000
  • Oregon City/Canby:   $428,600     7.1%   (Nov 427,200/Dec ’17: 402,100, 7.2%)
    • YTD Median: $392,500
  • Lake Oswego/West Linn:$636,300 .6%   (Nov 728,500/Dec ’17: 662,700, 9.5%)
    • YTD Median: $580,000
  • West Portland:    $588,800             3.8%  (Nov 601,000/Dec ’17: 612,700, 3.2%)
    • YTD Median: $519,000
  • NW Wash County:  $483,400          2.5%   (Nov 511,700/Dec ’17: 534,400, 7.7%)
    • YTD Median: $520,000
  • Beaverton/Aloha:     $381,600        8.6%  (Nov 397,200/Dec ’17: 363,200, 9.2%)
    • YTD Median: $375,000
  • Tigard/Wilsonville:   $459,600       6.3%   (Nov 482,000/Dec ’17: 435,700, 7.7%)
    • YTD Median: $430,000
  • Hillsboro/Forest Grove: $382,100  5.9% (Nov 381,300/Dec ’17: 366,800, 11.0%)

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of December 2018 reported:

    •  296 Active Listings   (Nov 390 / Dec ’17: 288)
    •  115 New Listings     (Nov 115 / Dec ’17: 80)
    •   91 Pending Sales  (Nov  91 / Dec ’17: 92)
    •   75 Closed Sales      (Nov  75 / Dec ’17: 98)
    • Average Sale Price for November: $636,300  (Nov 728,500 / Dec ’17: 662,700)
      • 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.
      • FYI, YTD Median: $580,000
    •  76 Average Days on the Market   (Oct 61 / Dec ’17: 73)

 

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Market Activity ~ Jan 7-13, 2019

Greetings Property Blotter Readers!

Happy 2019!  OK, Dianne and I are getting back to “normal” now, and this is the first one-week report of the year for Lake Oswego. You can see below that we’re starting up steady with new properties beginning to hit the market and go Pending, and lots of properties Closing that were Pending during 2018. I removed 11 properties showing as “New” that had actually been “refreshed”, so these numbers below are real.  ***I’ll also have the much anticipated 2018 “Year-End” numbers in the News & Notes report for you this week.

There are 189 homes for sale in Lake Oswego right now. Last week 9 New properties entered the market, 8 moved to Pending status, and 18 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 7-13, 2019)

Address List Price # Beds # Baths Total SF Prop Type
48 CRESTFIELD CT #48 $223,800 2 1 921 CONDO
4000 Carman DR #40 $269,000 2 2 906 CONDO
16880 CORTEZ CT $455,000 3 2.1 2313 DETACHD
5222 CARMAN DR $599,999 3 2 2543 DETACHD
2801 LAKEVIEW BLVD $799,900 3 3.2 3144 DETACHD
2925 ORCHARD HILL PL $825,000 3 2.1 2767 DETACHD
780 BRIERCLIFF LN $1,168,000 5 3.1 3061 DETACHD
17211 BLUE HERON RD $1,385,000 3 2.1 2701 DETACHD
15566 VILLAGE PARK CT $1,475,000 4 3.1 4855 DETACHD

PENDING SALES (Jan 7-13, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
13 OSWEGO SMT / Lower $129,900 1 1 764 CONDO 441
44 EAGLE CREST DR / Upper $195,000 2 1 908 CONDO 88
233 CERVANTES / Ground $199,900 2 1.1 1216 CONDO 49
3692 SPRING LN / Upper $249,000 2 2 1117 CONDO 162
553 6TH ST $499,950 1 1 1390 DETACHD 158
3857 BASS LN $639,000 3 2.1 2608 DETACHD 55
17342 RIDGEVIEW CT $1,360,000 4 3.1 4238 DETACHD 162
4694 UPPER DR $1,450,000 3 3 3637 DETACHD 249

SOLD (Jan 7-13, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
149 OSWEGO SMT / Upper $213,000 $196,000 2 2 1212 CONDO 192
204 RIDGEWAY RD #204 $239,000 $239,000 1 1 778 CONDO 12
1172 BOCA RATAN DR $375,000 $365,000 3 2 1611 ATTACHD 2
12886 BOONES FERRY RD $379,900 $375,000 2 2.1 1182 CONDO 13
17700 BRYANT RD $385,000 $385,000 3 1.1 1572 DETACHD 0
17510 Hill WAY $399,900 $400,000 2 1 2032 DETACHD 5
4298 WOODSIDE CIR $439,000 $427,000 3 3 2600 ATTACHD 306
18 GROUSE TER $540,000 $535,000 4 2.1 2631 DETACHD 93
5651 WINDFIELD LOOP $569,500 $537,000 2 2 1622 DETACHD 16
6414 FROST ST $597,900 $560,375 3 2.1 2205 DETACHD 54
5272 TREE ST $599,000 $584,000 3 3 1948 DETACHD 52
17079 CHERRY CREST AVE $679,000 $660,000 3 2.1 3002 DETACHD 23
15085 GLEN EAGLES PL $675,000 $675,000 4 3 2956 DETACHD 4
5668 VICTORIA CT $729,000 $710,000 4 2.1 3024 DETACHD 73
16987 ALDER CIR $899,000 $865,000 2 2.1 1991 DETACHD 407
455 9TH ST $949,000 $949,000 3 2.1 2143 DETACHD 0
4450 UPPER DR $1,100,000 $1,100,000 3 1 2580 DETACHD 12
612 CABANA LN $2,350,000 $2,150,000 4 4 3862 DETACHD 16

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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Preparing Your Home for a Home Inspection

Our local real estate market will begin to pick up steam now that the Christmas/Winter holidays are officially behind us. Honestly, with the warm winter we have been having, I won’t be surprised if we get daffodils in February. All of this has me thinking about the people who are reading this blog and planning to sell their home in the coming spring or summer.

There is so much to do to get your house ready! Clean, discard, paint, replace, where to begin? My advice, take it a day at a time and with proper planning you will be ready. As you do this, please take time to also prepare for the inevitable home inspection. Here is a check list to get the basics of a successful home inspection covered:

1. Make sure that no plants or trees are actually touching your house. The rule of thumb is 6 inches. Nothing growing in your yard should be closer than 6 inches to any part of your house.

2. Clean the gutters. This is particularly important is the rainiest part of an Oregon year is still ahead of us. Clogged gutters will lead to water in a crawl space, which is a huge red flag for a home inspector. When water is found in a crawlspace it really freaks people out. The imagination can lead to visions of trenches and sump pumps and $$$. Keep your life less dramatic and clean your gutters.

3. Replace or clean dirty furnace filters. Not only will this help the inspection to go well, but it will extend the life of your furnace and allow you to enjoy better air quality.

4. Repair leaky faucets. You know they are annoying you. Just do it, they annoy home inspectors as well.

5. Replace missing electrical covers on switches, outlets, and junction boxes.

6. Replace any smoke alarms that were installed prior to 2002 with alarms that meet today’s requirements. Along with smoke alarms, be sure to install carbon monoxide alarms if you have a fireplace or gas appliance in the house.

7. Replace burnt out light bulbs.

8. Pull soil 6” away from the siding, basement windows, foundation vents and decks.

9. Install 6 mil. black vapor barrier over exposed soil in the crawlspace.

10. Install earthquake straps on your water heater.

None of these items are very expensive. You may even be able to do a good many of them yourself. In addition, if your prospective buyer is getting a mortgage, and most of them will be, items 6, 9, and 10 will be a requirement for financing.

I hope you find this helpful. I also know that a good first step in the house selling process is getting a professional price opinion. Both Linda and I are happy to do this for you, at no charge. Please give us a call!
Dianne

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Market Activity Dec 17, 2018-Jan 6, 2019

This market activity report covers about 3 weeks of activity and serves as a really interesting snap shot of what happens to the real estate market over the holidays. During this period Lake Oswego had 10 new listings, 26 properties go into pending status, and 45 closed sales. I think that Linda and I both have said on numerous occasions that the real estate market keeps chugging along, even at Christmas. This market activity report does a nice job of bearing that out. 25 houses sold! Even more impressive, 45 sales closed! That’s a lot of houses. The weak spot is the number of new listings. It makes sense. If you want to sell your house, it’s simply more convenient to wait until the hub-bub of the holidays is over. But it also illustrates that perhaps this is exactly the perfect time to put your house on the market. The buyers are out there. They are looking at houses and making offers. With the inventory down, and the demand remaining, this is an excellent time to list your house for sale.

Following is the breakdown for you according to RMLS:

New on the Market (Dec 17, 2018-Jan 6, 2019)

Address Type Price BR Baths Sq Ft
47 Eagle Crest Dr #37 Condo $134,900 1 1 672
4642 Lower Dr Condo $199,000 2 1.5 1260
16 Crestfield Ct Condo $199,900 1 1 552
66 Cervantes Circle Condo $225,000 2 1.5 912
200 Burnham Rd #103 Condo $233,000 1 1 800
5850 Kenny St Detached $309,000 3 1 1172
17156 Rebecca Ln Detached $545,000 4 2.5 2026
14425 Holly Springs Rd Detached $569,000 4 3 2238
18381 Heather Ann Ct Detached $880,000 4 2.5 2983
841 Northshore Rd Detached $1,549,000 3 3 2388

Pending Sales (Dec 17, 2018-Jan 6, 2019)

Address Type Price BR Baths Sq Ft CDOM
237 Cervantes Condo $195,000 2 1.5 1216 185
149 Oswego Summit Condo $199,900 2 2 1212 192
3433 McNary Pkwy #305 Condo $220,000 2 2.5 1208 58
199 Oswego Summit Condo $264,900 2 2 1506 93
247 Cervantes Condo $299,999 2 2 1384 131
16811 Lakeridge Dr Detached $358,000 4 2 1870 69
17510 Hill Way Detached $400,000 2 1 2032 5
16224 Lake Forest Blvd Detached $429,900 3 1.5 1300 10
17043 Crestview Dr Detached $499,000 4 2.5 2303 78
4546 Dogwood Dr Detached $500,000 2 1 1010 20
19220 Red Wing Ct Detached $504,900 3 2 1647 42
18440 Sandpiper Circle Detached $509,900 3 2 1447 166
13413 Vermeer Dr Detached $539,900 4 3.5 2529 172
5651 Windfield Loop Detached $569,500 2 2 1622 16
8 Hillshire Dr Detached $595,000 4 2.5 2848 76
15085 Glen Eagles Pl Detached $675,000 4 3 2956 4
12 Da Vinci St Detached $729,000 4 3 2959 158
17390 Grandview Ct Detached $875,000 4 4.5+.5 4502 292
16987 Alder Circle Detached $879,000 2 2.5 1991 407
17494 Lake Haven Dr Detached $1,100,000 2 2 2121 195
19376 Riverwood Ln Detached $1,299,900 3 2.5 3109 260
19155 Bryant Rd Detached $1,299,900 3 3.5 3371 6
1034 Bayberry Rd Detached $1,399,900 3 2.5 2746 17
3123 Douglas Circle Detached $1,549,000 5 3.5 3664 102
612 Cabana Ln Detached $2,350,000 4 4 3862 16
1657 Lake Front Rd Detached $2,395,000 4 3.5 3721 485

Sold/Closed (Dec 17, 2018-Jan 6, 2019)

Address Type List Price Sold Price Sq Ft CDOM
86 Kingsgate Rd G202 Condo $179,500 $140,000 849 91
44 Eagle Crest Dr #2 Condo $175,000 $178,500 798 10
45 Eagle Crest Dr #413 Condo $204,900 $186,000 1056 95
86 Kingsgate Rd A104 Condo $218,000 $190,000 849 54
45 Eagle Crest Dr #305 Condo $199,900 $190,000 1364 40
4 Touchstone #131 Condo $199,900 $191,000 1351 29
15938 Quarry Rd B-4 Condo $219,500 $212,000 991 120
6880 Montauk Circle Condo $220,000 $214,000 924 65
15210 Boones Way Condo $249,900 $249,900 1124 6
4043 Jefferson Pkwy Condo $289,900 $252,000 1182 85
15230 Boones Way 1D Condo $295,000 $256,000 1185 111
112 Touchstone Terr Townhouse $399,000 $280,000 1952 37
5835 Carman Dr Detached $424,900 $390,000 1650 215
6472 Dawn St Detached $399,950 $405,000 1032 99
18133 Tualata Ave Detached $434,950 $430,000 1440 34
16880 Cortez Ct Detached $489,900 $430,800 2313 216
9 Bloch Terr Townhouse $424,900 $432,400 1946 7
1425 Cedar St Detached $489,900 $477,000 1669 52
17869 Lake Haven Dr Detached $475,000 $500,000 2150 5
17411 Tree Top Ln Detached $649,000 $500,000 2150 5
2182 Glenmorrie Dr Detached $485,000 $501,000 1580 8
73 Condolea Way Condo $512,000 $512,000 213 0
4596 Lamont Way Detached $535,000 $513,500 2236 12
1878 Southshore Blvd Detached $595,000 $533,000 2594 180
17802 Hillside Way Detached $585,000 $539,900 3026 177
137 Kingsgate Rd Detached $549,000 $540,000 2372 16
1508 Pine St Detached $579,900 $545,000 2300 134
4141 Chapman Way Detached $565,000 $585,000 2138 4
767 10th St Detached $799,900 $625,000 2820 99
17965 Lake Haven Dr Detached $749,000 $628,400 2764 173
18420 Deer Oak Ave Detached $675,000 $649,000 2327 59
5687 La Mesa Ct Detached $649,900 $649,900 2518 21
2981 Vale Ct Detached $748,900 $706,500 3516 85
808 Ellis Ave Detached $725,000 $722,500 2200 8
2972 Vale Ct Detached $750,000 $725,000 3120 122
13459 Provincial Hill Way Detached $819,900 $800,000 2896 63
161 Furnace St Condo $929,000 $890,000 2134 82
1149 Cherry Ln Detached $937,500 $937,500 3187 29
53 Eagle Crest Dr Detached $1,000,000 $973,200 4918 216
16193 Matthew Ct Detached $995,000 $974,000 4019 41
4743 Upper Dr Detached $1,165,000 $1,079,000 3079 338
13575 Meadowcreek Ln Detached $1,239,000 $1,159,500 3370 174
1175 Westward Ho Rd Detached $1,529,000 $1,402,000 3547 135
1099 Terrace Dr Detached $2,150,000 $1,445,000 4965 725
1075 Chandler Rd Detached $2,207,500 $2,100,000 5710 140

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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Merry Christmas!

Merry Christmas! Happy Holidays! Happy Hanukkah! Happy Kwanzaa! Whatever your faith, whatever your situation, Linda and I want to wish you and yours all the best this holiday season. Here at the blotter we are going to take a two week hiatus. We will be back with our market activity reports and news and information about real estate in Lake Oswego the week of January 6th. In the mean time, enjoy your family, friends, and all of the wonders of this very special time of year.
Our best wishes to you,
Dianne and Linda

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News & Notes ~ Nov 2018 Numbers

The holidays are all around us now!

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

 

According to the RMLS Market Action Report for the Portland Metro Area, November, 2018:

  • There were 2,310 New Listings in November 2018 which was down 4.4% from November of 2017’s 2,416, and also down 25.5% from the previous month/Oct of 2018’s total of 3,100 .
  • At 2,144, November Closed Sales cooled  10.2% from November 2017’s 2,387, and also 12.1 % from the previous month/Oct 2018’s total of 2,440.
  • November’s Pending Sales (accepted offers), at 1,904 are down 19.7% down from November of 2017’s 2,371, and 23.3% from the previous month/Oct 2018’s total of  2,484.
  • The Average Sale Price in November of $448,900 was up $23,900 from last year/November 2017’s $425,000, and down a little from the previous month/Oct 2018’s $454,400 by $5,500.   

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

  • North Portland:  $412,500              4.6%   (Oct 428,700)
  • NE Portland:  $453,100                   3.7%   (Oct 463,100)
  • SE Portland:  $425,200                   5.3%   (Oct 395,200)
  • Gresham/Troutdale:   $361,600     8.1%   (Oct 359,700)
  • Milwaukie/Clackamas:  $443,400  5.1%   (Oct 410,200)
  • Oregon City/Canby:   $427,200      6.9%   (Oct 408,600 )
  • Lake Oswego/West Linn:$728,500 1.4%   (Oct 714,500)
  • West Portland:    $601,000             4.3%   (Oct 646,200)
  • NW Wash County:  $511,700          2.9%   (Oct 588,300)
  • Beaverton/Aloha:     $397,200       8.0%   (Oct 398,000 )
  • Tigard/Wilsonville:   $482,000       6.6%   (Oct 454,400 )
  • Hillsboro/Forest Grove: $381,300  6.3%   (Oct 400,500 )

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of November 2018 reported:

    •  390 Active Listings   (Oct 454 )
    •  115 New Listings     (Oct 153)
    •   91 Pending Sales  (Oct 101)
    •   75 Closed Sales      (Oct 121)
    • Average Sale Price for November: $728,500  (Oct 714,500)
      • 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.
    •  76 Average Days on the Market   (Oct 61)
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Market Activity ~ Dec 10-16, 2018

Greetings Property Blotter Readers!

 

Even with the holidays all around us at this point, homes are still being listed and sold. Look at the “Solds” from last week!  Yes, its time to get things done before the end of the year for a variety of reasons. That first holiday in your new home is always a special one : )

There are 207 homes for sale in Lake Oswego right now. Last week 6 New properties entered the market, 16 moved to Pending status, and 17 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Dec 10-16, 2018)

Address List Price # Beds # Baths Total SF Prop Type
121 OSWEGO SMT $195,000 1 1 764 CONDO
17510 Hill WAY $400,000 2 1 2032 DETACHD
7210 SW CHILDS RD $424,900 3 2 1542 DETACHD
16224 LAKE FOREST BLVD $429,900 3 1.1 1300 DETACHD
5079 W SUNSET DR $529,900 2 2.1 1734 ATTACHD
2917 WESTVIEW CIR $1,298,000 5 4.1 4343 DETACHD

PENDING SALES (Dec 10-16, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
44 EAGLE CREST DR #2 $175,000 1 1 798 CONDO 10
/ Main $195,000 2 1.1 1216 CONDO 173
1172 BOCA RATAN DR $375,000 3 2 1611 ATTACHD 2
6291 HARRINGTON AVE $399,999 3 2 1472 DETACHD 119
4298 WOODSIDE CIR $439,000 3 3 2600 ATTACHD 306
15008 TWIN FIR RD $469,900 7 2.4 3532 DETACHD 176
1698 ASPEN ST $499,000 3 3 2668 DETACHD 132
1878 SOUTHSHORE BLVD $527,500 4 2.1 2594 DETACHD 180
10 PARTRIDGE LN $585,000 4 3 3528 DETACHD 119
5272 TREE ST $589,000 3 3 1948 DETACHD 52
5536 BAY CREEK DR $619,000 4 2.1 2380 DETACHD 7
17079 CHERRY CREST AVE $679,000 3 2.1 3002 DETACHD 23
17606 WOODHURST PL $799,900 5 3.1 4707 DETACHD 230
455 9TH ST $949,000 3 2.1 2143 DETACHD 0
3120 UPPER DR $2,350,000 5 3.1 4575 DETACHD 7
616 CABANA LN $2,798,000 5 4 3838 DETACHD 230

SOLD (Dec 10-16, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
57 GREENRIDGE CT $312,400 $279,036 2 2 1320 TOWNHSE 9
155 GREENWOOD RD $445,000 $445,000 3 1 999 DETACHD 86
4725 LAKEVIEW BLVD $465,000 $455,000 3 2 1589 DETACHD 6
1225 OAK TER $475,000 $475,000 3 1 1580 DETACHD 0
110 KINGSGATE RD $494,900 $485,000 3 2.1 1669 DETACHD 79
1981 MAPLELEAF RD $499,900 $520,000 4 2 2015 DETACHD 2
6187 FROST LN $564,900 $548,500 4 2.1 2149 DETACHD 90
18238 TAMAWAY DR $729,900 $577,500 5 3 5504 DETACHD 58
3742 RIVERS EDGE DR $679,000 $669,500 4 2.1 2765 DETACHD 8
17401 UPPER CHERRY LN $750,000 $690,000 4 3.1 3791 DETACHD 87
3562 UPPER DR $769,000 $760,000 3 3.1 2701 DETACHD 6
1041 CHANDLER RD $899,000 $830,000 3 2 1782 DETACHD 62
1055 COUNTRY CLUB RD $988,000 $875,000 3 2 2908 DETACHD 151
5027 ROSEWOOD ST $874,950 $883,000 4 3.1 3188 DETACHD 166
3773 UPPER DR $1,579,000 $1,490,000 4 2.1 3942 DETACHD 30
3115 DOUGLAS CIR $1,650,000 $1,567,500 5 4.2 4592 DETACHD 93
16913 CANAL CIR $1,595,000 $1,575,000 5 3.2 4359 DETACHD 60

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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Plastics and Recycling

Oregon is rather well known as a bastion of recycling. The first state in the country to instate a bottle bill, we are a community that prides itself on being good stewards of our land. This past week the City of Lake Oswego continued that heritage by passing a restriction for single-use plastic bags. In the next year plastic shopping bags will be fazed out at stores, restaurants, and even the farmer’s market.

About 10 years ago I read the book “Moby Duck”. It’s a non-fiction narrative about a shipping container that fell of a shipping freighter in the Pacific ocean. The container was filled with multi-colored, plastic ducks, the kind that kids play with in the bath tub. A rather unique cargo, these ducks have been washing up on beaches all of the world ever since. It provided an opportunity to study plastics in the ocean and how the plastic migrates. It’s shocking.

I’ve also heard it said that as much as recycling is wise, an even better direction to go is to not use the plastic in the first place. I see the city’s ban on plastic bags as a very wise move that will be a small step in the right direction.

Speaking of recycling, correct plastic recycling is super confusing. It’s bit of a pet peeve of mine that folks don’t know what is and isn’t recyclable. Those clam shell packages for spinach and lettuce? Not recyclable at the curb. To help us all better understand what is and isn’t recyclable at the curb, here is a link to the guidelines put out by Metro, our Metro-area authority on garbage and recycling. To view the information, click here.

Particularly at the holidays, the time of year when we are at the peak of consuming and recycling, it is a good idea to be mindful of using and purchasing items that are recyclable. Good for LO for taking the initiative to curtail the use of plastic. The bags are a step in the right direction. Now can we do something about drinking straws?

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Market Activity Dec 3-9, 2018

We are two weeks away from Christmas. People who buy or sell at this time of year are motivated! Last week in Lake Oswego we had 9 new listings come onto the market, 13 properties that went pending with an accepted offer, and 9 closed/sold homes.

Following is the breakdown for you according to RMLS:

New on the Market (Dec 3-9, 2018)

Address Type Price BR Baths Sq Ft
16250 Pacific Hwy #52 Condo $215,000 1 1 841
1172 Boca Ratan Dr Attached $375,000 3 2 1611
5651 Windfield Loop Detached $569,500 2 2 1622
23 Spinosa Detached $595,000 3 2 2767
5536 Bay Creek Dr Detached $619,000 4 2.5 2380
1035 Bayberry Rd Detached $1,399,900 4 2.5 2746
612 Cabana Ln Detached $2,350,000 4 4 3862
3120 Upper Dr Detached $2,350,000 5 3.5 4587
3258 Lakeview Blvd Detached $3,250,000 4 4.5 4337

Pending Sales (Dec 3-9, 2018)

Address Type Price BR Baths Sq Ft CDOM
86 Kingsgate Rd A104 Condo $208,000 2 2 849 54
4043 Jefferson Pkwy Condo $254,500 2 2.5 1182 85
12886 Boones Ferry Rd Condo $379,900 2 2.5 1182 13
16880 Cortez Ct Detached $459,900 3 2.5 2313 216
2182 Glenmorrie Dr Detached $485,000 4 2 1580 8
17040 Fernwood Dr Detached $499,000 3 2 2399 211
15580 Partridge Dr Detached $539,900 4 2.5 2245 10
5153 Jean Rd Detached $547,000 8 3 2400 204
2051 Wembley Park Rd Detached $549,900 2 2 1196 132
6414 Frost St Detached $585,000 3 2.5 2205 54
1961 Park Forest Ave Detached $699,900 5 2 2092 5
2815 Orchard Hill Pl Detached $749,900 4 3 2915 4
4743 Upper Dr Detached $1,069,000 4 2.5 3079 338

Sold/Closed (Dec 3-9, 2018)

Address Type List Price Sold Price Sq Ft CDOM
92 Galen St Condo $189,000 $169,000 689 92
9 Summit Ridge Ct Townhouse $399,000 $380,000 1576 48
1207 Hallinan Circle Detached $489,500 $491,000 1478 6
18028 Gimly Ct Detached $774,900 $698,500 3454 130
17454 Canal Circle Detached $849,000 $764,000 2472 149
639 Carrera Ln Detached $1,275,000 $1,075,000 4381 14
4100 Canal Rd Detached $1,415,000 $1,125,000 4957 182
17512 Lake Haven Dr Detached $1,650,000 $1,350,000 4643 139
943 Lake Front Rd Detached $1,798,000 $1,600,000 2246 175

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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This Week in Lake Oswego ~ Dec 10-15

The Holiday Spirit has infused Lake Oswego, the lights & the community tree are all up, and celebratory, musical, educational and all kinds of activities are ongoing as they are every week.

Here are my picks for things happening this week!

Mon, Dec 10 2018– 3:00-3:30PM –  Music for Babies ~ -Every Monday this program welcomes you to learn about music, singing and how babies learn and are affected by it. Learn about musical development in the very young. ~ Lake Oswego Public Library –  Info:  CLICK HERE

Tue, Dec 11, 2018 –  7:00-8:30PM – The Craft of Photography Part 2 (with Thor Spyros) ~ Long-time Lake Oswego resident and former Rolling Stone photographer (among many other national publications) presents this free program on the art & craft of photography. ~ Lake Oswego Public Library  Info:  CLICK HERE  

Wed, Dec 12, 2018 – 1:00-2:00PM – Three Pound Note ~ Ex Pats from the UK, Andrea Wild and Hugo Glanville, bring traditional music from Wales, Cornwall & England and…stories! ~ Lake Oswego Public Library –Info:  CLICK HERE     

Thu, Dec 13, 2018 2:30-3:30PM – Kids Make Things! ~ This drop-in program on the lower level is for ages K-5 and fosters creativity in kids every 2nd Thursday! ~  Lake Oswego Public Library:  CLICK HERE

Fri, Dec 14, 2018 – Toy Drive Drop-Off Deadline ~Drop off your unwrapped gifts at the Fire Department or Lake Oswego Public Library Info: CLICK HERE

Sat, Dec 15, 2018 – 2:00 – 4:00PM ~ Holiday Concert – Mistletoe & Starlight! ~ Tony Starlight brings back timeless holiday traditions and songs with a comedic twist!  Lake Oswego High School Auditorium Info: CLICK HERE

Sat, Dec 15, 2018 – 6:00 PM ~ Christmas Ships Parade! ~ Gather at Foothills Park, 199 Foothills Rd, to watch the Christmas Ships in all their bright finery! 60 boats are expected to make their way to Lake Oswego. Info: CLICK HERE