Tag: buying real estate

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Market Activity ~ Sept 11-17, 2017

Last week saw 10 New properties enter the market in Lake Oswego, 24 move to Pending status, and 19 “Closed”/Sold.  Seasonally, roughly half of the New listings were “refreshed”. We take those out for our Property Blotter readers so that you are seeing what is actually “new” on the market.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Sept 11-17, 2017)

Address List Price # Beds # Baths Total SF Prop Type
1675 HALLINAN ST $499,900 3 2.1 2450 DETACHD
19 WESTRIDGE DR $649,100 4 2.1 3711 DETACHD
18410 DEERBRUSH AVE $659,000 4 2.1 2246 DETACHD
18000 WESTMINSTER DR $699,900 3 2.1 2679 DETACHD
1555 COUNTRY CMNS $1,089,000 4 2.1 4191 DETACHD
718 MAPLE ST $1,265,000 3 2.1 4023 DETACHD
18639 PILKINGTON RD $1,375,000 4 4 4148 DETACHD
1923 MAPLELEAF CT $1,400,000 4 2.1 3190 DETACHD
16819 GREENBRIER RD $1,799,900 4 4 3022 DETACHD
1115 LAKE FRONT RD $1,995,000 4 4 4245 DETACHD

PENDING SALES (Sept 11-17, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
562 S STATE ST/Upper $259,000 1 1 778 CONDO 17
210 S STATE ST #1 $340,000 2 1.1 1767 CONDO 118
30 WHEATHERSTONE $399,950 3 2.1 1692 ATTACHD 5
18964 REDWING WAY $449,900 3 1.1 1406 DETACHD 31
13188 VERMEER DR $486,500 3 2.1 1854 DETACHD 19
1931 KILKENNY RD $525,000 4 2.1 2411 DETACHD 68
3393 TEMPEST DR $549,000 3 3 2490 DETACHD 162
720 BRIERCLIFF LN $559,900 3 3 2152 DETACHD 41
768 7TH ST $565,000 3 2 1359 DETACHD 68
3554 TEMPEST DR $599,000 3 2.1 2279 DETACHD 60
2442 PALISADES CREST DR $599,900 4 2.1 2707 DETACHD 132
4949 MULHOLLAND DR $625,000 2 2.1 2403 ATTACHD 25
8 WESTMINSTER DR $645,000 3 2.1 2689 DETACHD 86
44 Nova CT $649,000 4 2.1 2798 DETACHD 330
18439 DEERBRUSH AVE $674,900 4 2.1 2694 DETACHD 144
5228 LOWER DR $749,900 4 2.1 2712 DETACHD 140
913 SUNNY HILL DR $765,000 6 3.1 4196 DETACHD 7
17325 OAK MEADOW LN $769,000 4 2.1 3157 DETACHD 84
19067 MEGAN PL $784,900 4 3 3400 DETACHD 99
15956 PARKER RD $824,000 3 2.1 3200 DETACHD 54
1075 SCHUKART LN $899,000 4 2.1 3452 DETACHD 35
230 3RD ST $1,299,900 4 3 3003 DETACHD 33
16938 ALDER CIR $1,795,000 4 3.1 3241 DETACHD 122
16828 ALDER CIR $1,795,000 3 3 2363 DETACHD 1

SOLD (Sept 11-17, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
1198 BOCA RATAN DR $375,000 $371,500 2 2.1 1729 ATTACHD 40
4 PEACOCK PL $450,000 $429,900 3 2.1 1890 DETACHD 65
18305 FERNBROOK CT $475,000 $456,000 3 2 1300 DETACHD 37
4700 LOWER DR $464,900 $477,500 3 2.1 1743 DETACHD 3
14246 CAMDEN LN $519,900 $480,000 3 2.1 1933 DETACHD 51
4867 SAGE HEN WAY $585,000 $585,000 4 2.1 2523 DETACHD 27
2352 OAKHURST LN $679,900 $667,500 4 2.1 3210 DETACHD 11
4336 GLACIER LILY ST $699,990 $675,000 4 2.1 3381 DETACHD 21
6081 CLAIRMONT CT $710,000 $675,000 4 2.1 2680 DETACHD 63
7050 CHILDS RD $749,000 $699,000 3 2 2108 DETACHD 20
662 7TH ST $750,000 $735,000 3 2 1461 DETACHD 11
4991 CASCARA LN $825,000 $809,000 4 3.1 3648 DETACHD 74
3909 BASS LN $919,950 $910,000 5 3.1 3876 DETACHD 53
4745 LAMONT WAY $1,025,000 $1,001,000 4 3.1 3176 DETACHD 41
14045 CHELSEA DR $1,098,000 $1,024,000 4 4 4100 DETACHD 19
17376 BERGIS FARM DR $1,069,000 $1,050,000 4 3.1 4396 DETACHD 315
3519 LAKE GROVE AVE $1,179,000 $1,185,000 4 2.1 3119 DETACHD 47
13961 KNAUS RD $2,487,500 $2,487,500 4 4.2 6614 DETACHD 155
17388 CEDAR RD $2,650,000 $2,600,000 4 3.1 4633 DETACHD 24

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 Sept 4-10, 2017

Last week in Lake Oswego there were 18 new listings, 15 properties that accepted offers and went into pending status, and 11 homes that sold and became closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (Sept 4-10, 2017)

Address Type Price BR Baths Sq Ft
61 Oswego Summit Condo $219,900 2 2 1212
119 Oswego Summit Condo $220,000 2 2 1212
200 Cervantes Condo $224,000 3 1.5 1138
200 Burnham Rd #303 Condo $230,000 2 1 1199
668 McVey Ave #47 Condo $249,900 1 1 626
5225 Jean Rd #303 Condo $270,000 2 2 1200
4085 Jefferson Pkwy Condo $309,900 2 2.5 1302
17040 Summer Pl Detached $649,900 4 2.5 3186
17360 Hunter Ct Detached $679,000 4 2.5 3272
19487 Dogwood Ct Detached $745,000 5 3 3105
4376 Snowbrush Ct Detached $899,000 5 2.5 $4,173
17503 Cherry Ct Detached $985,000 4 3.5 4267
1299 Country Commons Detached $1,239,000 4 4.5 3710
18137 Meadowlark Ln Detached $1,469,000 4 4.5 5306
12834 Alto Park Rd Detached $1,475,000 4 3.5+.5+.5 3973
54 Wilbur St Townhouse $1,479,000 3 3.5 3600
610 4th St Detached $1,565,000 4 2.5 3394
1103 Lake Shore Rd Detached $2,795,000 3 3 3747

Pending Sales (Sept 4-10, 2017)

Address Type Price BR Baths Sq Ft CDOM
47 Eagle Crest Dr #36 Condo $179,000 2 1 932 9
4 Touchstone Dr #124 Condo $210,000 3 2.5 1350 60
58 Oswego Summit Condo $237,999 2 2 1212 57
198 Cervantes Attached $309,000 2 1.5 1266 9
7 St Helens Circle Detached $400,000 2 2 1275 3
5495 Tree St Detached $409,800 3 1.5 1388 51
668 McVey Ave #61 Condo $465,000 3 1.5 992 342
31 Da Vinci St Detached $520,000 4 2.5 2232 48
2734 Orchard Hill Ln Detached $574,500 4 2.5 2814 246
1811 Kilkenny Dr Detached $585,000 4 3 3794 61
4597 Black Forest Ct Detached $589,900 4 2.5 2171 8
14371 Sherbrook Pl Detached $599,900 3 2.5 2550 39
4908 Hastings Dr Detached $639,900 3 2.5 2109 3
4728 Lakeview Blvd Detached $699,900 5 3.5 2867 116
103 Garibaldi St Detached $799,000 4 3.5 3940 156

Sold/Closed (Sept 4-10, 2017)

Address Type List Price Sold Price Sq Ft CDOM
15 Crestfield Ct Condo $125,000 $125,638 552 134
458 State St 2C Condo $225,000 $220,000 800 34
185552 Edgewood Ct Detached $410,000 $295,000 1,070 48
1705 Conifer Dr Detached $425,000 $425,000 1774 65
1121 Devon Ln Detached $523,720 $523,720 2968 170
17064 Rebecca Ln Detached $699,900 $685,000 2813 14
5355 Carman Grove Ln Detached $799,500 $799,500 2626 109
889 Evergreen Rd Detached $799,900 $808,000 1935 10
4189 Chad Dr Detached $998,500 $899,000 4137 35
13052 Knaus Rd Detached $1,079,000 $1,025,000 3026 71
12812 Goodall Rd Detached $1,995,000 $1,745,000 4808 56

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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Winning Videos of Lake Oswego

This year, for the first time, the City of Lake Oswego held a video contest. The theme was “Love My City” and it prompted the contestents to make a video that showed what they love about Lake Oswego. The top three videos have just been announced and they are wonderful.

Here are the participants who submitted the winning entries:

Photo: Video Contest winners (front L to R): Zach Jett, Wilson Godrey, Megan Chiang, Erica Chiang, Nico Johnson, Ellie Johnson, Lexi Jett, Matthew Symonds, and Avery Jett. With Mayor Kent Studebaker and City Councilors Theresa Kohlhoff, Joe Buck, Skip O’Neill, Jackie Manz, John LaMotte, and Jeff Gudman. Photo courtesy of the Lake Oswego Review.

Please take a moment to watch the top three entries by clicking HERE. It will give you a lovely tour of the town. Enjoy!

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Market Activity Aug 28-Sept 3, 2017

Last week in Lake Oswego there were 14 new listings, 18 properties that accepted offers and went into pending status, and 19 homes that sold and became closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (Aug 28-Sept 3, 2017)

Address Type Price BR Baths Sq Ft
47 Eagle Crest Dr #36 Condo $179,000 2 1 932
198 Cervantes Attached $309,000 2 1.5 1266
13188 Vermeer Dr Detached $495,000 3 2.5 1854
668 McVey Ave Condo $500,000 3 1.5 992
1405 Cedar St Detached $515,000 4 2 2178
17 Touchstone Detached $550,000 5 3 2569
4597 Black Forest Ct Detached $589,900 4 2 2171
1625 Fernwood Dr Detached $629,000 3 2 2182
624 Livingood Ln Detached $695,000 4 3.5 2596
16969 Alder Circle Detached $740,000 3 2 1514
13479 Fielding Rd Detached $1,050,000 4 2.5 $3,385
3250 Upper Dr Detached $1,595,000 4 4.5 3977
17399 Canal Circle Detached $2,399,000 4 3.5 4442
1657 Lake Front Rd Detached $2,795,000 4 3.5 3721

Pending Sales (Aug 28-Sept 3, 2017)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #51 Condo $151,500 1 1 620 14
2 Oswego Summit Condo $189,999 1 1 869 32
201 Oswego Summit Condo $239,900 2 2 1383 58
17710 Hill Way Detached $429,900 3 2 1637 42
18565 Longfellow Ave Detached $449,000 3 2 1430 103
937 Country Club Rd Detached $464,500 3 1 1990 117
1625 Cloverleaf Rd Detached $489,900 3 2 1996 17
768 7th St Detached $625,000 3 2 1359 51
18410 Deerbrush Ave Detached $659,000 4 2.5 2246 30
1611 Highland Dr Detached $659,900 4 2.5 2652 40
801 9th St Detached $770,000 3 2 2417 130
16853 Scott Ct Detached $799,000 3 4 3917 110
13825 Melrose Pl Detached $825,000 5 4.5 4490 8
17572 Shephards Ct Detached $869,950 5 3 3044 58
3133 Douglas Circle Detached $1,349,000 4 3.5 3981 150
2510 Wembley Park Rd Detached $1,750,000 4 3.5 4907 30
920 Atwater Rd Detached $1,995,000 4 4.5 4851 164
3458 Lakeview Blvd Detached $2,795,000 4 4.5 4647 259

Sold/Closed (Aug 28-Sept 3, 2017)

Address Type List Price Sold Price Sq Ft CDOM
47 Eagle Crest Dr #17 Condo $185,000 $183,500 932 19
112 Oswego Summit Condo $227,000 $220,000 1,212 3
189 Oswego Summit Condo $255,000 $260,000 1,383 5
226 Ridgeway Rd #226 Condo $259,900 $270,000 756 37
4430 Golden Ln Condo $449,000 $449,000 2165 8
1580 Woodland Terrace Detached $599,900 $599,900 2430 25
16998 Summer Pl Detached $609,900 $605,400 2448 59
14 Northview Ct Attached $638,500 $618,950 3279 147
18295 Westview Dr Detached $699,900 $665,000 3580 87
4521 Trillium Woods Attached $647,500 $690,000 2256 3
4927 Hastings Dr Detached $699,900 $745,000 2418 4
4707 Hastings Pl Detached $765,000 $750,000 3025 51
15644 Fieldstone Dr Detached $769,900 $775,000 2629 3
15804 Allison Pl Detached $894,900 $885,000 3751 78
18108 Pilkington Rd Detached $968,000 $940,000 4097 82
3555 Lake Grove Ave Detached $1,200,000 $1,150,000 3433 38
827 8th St Detached $1,375,000 $1,290,000 3852 6
14733 Uplands Dr Detached $2,195,000 $2,025,000 7694 93
1135 Lake Front Rd Detached $2,350,000 $2,201,700 4194 45

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 ~ July 2017 Data

Here is your look at the most recent data for the entire Portland area and how Lake Oswego fits in to this picture below:

  • According to the RMLS Market Action Report for the Portland Metro Area, July, 2017:
    • There were 4,202 New Listings in July 2017 which was down 3.9% from July of 2016’s 4,372, and down 11.3% from June of 2017’s total of 4,739.
    • At 2,793, July Closed Sales were up .6% from July 2016’s 2,776, and down 12.4% from the previous month/June 2017’s total of  3,187.
    • July Pending Sales (accepted offers), at 3,040 dropped 7.9% from July of 2016’s 3,302, and 6.6% from the previous month/June 2017’s total of 3,254.
    • The Average Sale Price in July of $447,400 was up $40,300 from July 2016’s $407,100, and up from June 2017’s $440,600 by $6,800.                      
        July Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $401,100               8.9% (June $406,400)
  • NE Portland:  $497,000                   11.0% (June $462,900)
  • SE Portland:  $404,100                   9.7% (June $413,200)
  • Gresham/Troutdale:   $327,600     10.4% (June $342,900)
  • Milwaukie/Clackamas:  $423,100  12.1%(June $440,800)
  • Oregon City/Canby:   $392,800       8.2% (June $402,000)
  • Lake Oswego/West Linn: $741,100 7.8%(June $627,600)
  • West Portland:    $610,900             10.3% (June $602,900)
  • NW Washington County:$536,000 10.8%(June $514,200)
  • Beaverton/Aloha:     $380,900       10.5% (June $373,800)
  • Tigard/Wilsonville:   $440,700         5.5% (June $443,500)
  • Hillsboro/Forest Grove: $385,100  12.6% (June $337,700)

The combined areas of Lake Oswego and West Linn  for the month of July 2017 reported:

    •  481 Active Listings   
    •  254 New Listings     
    •  171 Pending Sales   
    •  160 Closed Sales  
    • Average Sale Price for July: $741,100  
      • 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.
    • Average Time on the Market: 45 Days   

 
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Market Activity ~ Aug 21-27, 2017

Last week saw 6 New properties enter the market in Lake Oswego, 18 move to Pending status, and 19 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Aug 21-27, 2017)

Address List Price # Beds # Baths Total SF Prop Type
61 OSWEGO SMT $229,900 2 2 1212 CONDO
3393 TEMPEST DR $549,000 3 3 2490 ATTACHD
1316 CEDAR ST $935,000 5 3.1 3140 DETACHD
4933 LAKEVIEW BLVD $1,095,000 3 3 3988 DETACHD
16538 MAPLE CIR $1,299,900 4 3.1 2784 DETACHD
635 IRON MOUNTAIN BLVD $1,590,000 5 3.1 4736 DETACHD

PENDING SALES (Aug 21-27, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
458 S STATE ST #2C $225,000 2 1 800 CONDO 34
44 EAGLE CREST DR #16 $229,900 3 2 1085 CONDO 40
159 OSWEGO SMT- BLDG 22 $250,000 2 2 1506 CONDO 5
5117 GREENSBOROUGH CT $459,000 3 2.1 1560 DETACHD 2
574 2ND ST $479,000 2 2.1 1394 ATTACHD 51
562 2ND ST #10 $482,000 2 2.1 1302 ATTACHD 48
1024 GANS ST $495,000 4 2 1560 DETACHD 13
4 ABELARD ST $539,900 5 3 2430 DETACHD 6
1031 OXFORD DR $559,500 3 2.1 2384 DETACHD 358
4585 TRILLIUM WOODS $620,000 3 2.1 2004 ATTACHD 0
4949 MULHOLLAND DR $625,000 2 2.1 2403 ATTACHD 3
15410 MEADOWLARK CT $650,000 4 2.1 2702 DETACHD 2
2352 OAKHURST LN $679,900 4 2.1 3210 DETACHD 11
16493 GLENWOOD CT $699,000 4 3.1 4530 DETACHD 127
5822 BAY POINT DR $729,000 5 3.1 3202 DETACHD 41
5975 NEWCASTLE DR $764,000 4 2.1 3339 DETACHD 39
5322 CARMAN GROVE LN $820,000 3 2.1 2615 DETACHD 92
1011 LAKE SHORE RD $1,295,000 3 3 2820 DETACHD 9

SOLD (Aug 21-27, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD A204 $188,000 $165,000 2 2 849 CONDO 24
1232 CORNELL ST $365,000 $320,000 3 1 1536 DETACHD 63
10 GREENRIDGE CT $379,000 $325,000 3 1.1 2063 ATTACHD 57
1220 PINE ST $467,500 $440,875 4 2 2123 DETACHD 20
4923 FIRWOOD RD $514,900 $474,900 3 2 2182 DETACHD 42
15275 BOONES WAY $499,000 $496,000 2 2 1320 ATTACHD 3
316 4TH ST $585,000 $510,000 2 2.1 1731 ATTACHD 23
17610 WESTVIEW DR $550,000 $525,000 5 3 2868 DETACHD 39
16005 INVERURIE RD $569,000 $590,000 4 2 2147 DETACHD 6
36 MORNINGVIEW CIR $674,900 $617,500 4 3.1 2953 DETACHD 218
17125 FERNWOOD DR $699,000 $673,400 4 3 2688 DETACHD 40
14412 MEADOW GRASS ST $724,900 $715,000 4 2.1 3259 DETACHD 6
13354 TWIN CREEK LN $799,900 $795,000 5 2.1 3134 DETACHD 9
3 DOVER WAY $899,999 $892,200 5 3.2 4988 DETACHD 21
19177 HILL TOP RD $1,199,000 $1,050,000 5 3.1 4692 DETACHD 63
928 CEDAR ST $1,098,000 $1,060,000 4 3.1 3182 DETACHD 162
870 TERRACE DR $1,275,000 $1,150,000 5 3.1 4652 DETACHD 127
4190 CHAPMAN WAY $1,250,000 $1,162,000 4 3.1 3553 DETACHD 69
735 7TH ST $1,225,000 $1,225,000 3 3.1 3073 DETACHD 6

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 Aug 7-13, 2017

We are having the most beautiful mid-August weather! Spectacular sunny days of 80 degrees, usually a light breeze, and lovely summer nights. Time to slow down and relish it as we all know that we are only a couple of weeks from feeling the nip of fall in the air.

Along with lazy summer days, we are still in the full swing of a very busy summer real estate market. Just as I thought the numbers would look like they are starting to slow down we had 27 new listings come onto the market last week. That is really good news as our inventory needs to stay strong to give buyers opportunity! We also had 19 properties go into pending status and 19 closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (August 7-13, 2017)

Address Type Price BR Baths Sq Ft
3433 McNary Parkway #806 Condo $235,000 2 2.5 1136
90 Oswego Summit Condo $239,900 2 2 1140
3433 McNary Parkway #105 Condo $249,000 2 2.5 1208
200 Burnham Rd #304 Condo $267,900 2 2 1305
668 McVey Ave #74 Condo $290,000 1 1 636
16724 Roosevelt Ave Detached $415,000 3 1.5 1270
18963 Longfellow Ave Detached $449,850 3 1.5 1232
28 Northview Ct Attached $525,000 2 3 2092
14307 Camden Ln Detached $599,900 3 2.5 1932
4521 Trillium Woods Attached $647,500 3 2.5 2256
775 Boca Ratan Dr Detached $649,900 3 3.5 2,727
820 Lake Forest Dr Detached $675,000 4 2.5 2676
2352 Oakhurst Ln Detached $679,900 4 2.5 3210
17420 Schalit Way Detached $749,000 4 3.5 2823
17524 Erin Ct Detached $749,900 4 3 3008
830 Lake Forest Dr Detached $789,000 4 2 2517
1075 Schukart Ln Detached $899,000 4 2.5 3806
12439 SW 22nd Ave Detached $959,900 4 3.5 4118
5320 Southwood Dr Detached $959,900 4 3 3646
15543 Village Dr Detached $965,000 4 2.5 3036
4042 Canal Woods Ct Detached $969,000 4 3.5 4294
1420 Morning Sky Ct Detached $1,049,000 4 3.5 3613
547 Middlecrest Rd Detached $1,168,000 2 2.5 1888
230 3rd St Detached $1,299,900 4 3 3003
4288 Sunset Dr Detached $1,350,000 5 4.5 3601
1836 Highlands Loop Detached $1,995,000 4 4.5+.5 5594
200 Burnham Rd #208 Condo $279,000 2 2 1320

Pending (August 7-13, 2017)

Address Type Price BR Baths Sq Ft CDOM
47 Eagle Crest Dr #17 Condo $185,000 2 1 932 19
76 Cervantes Circle Condo $189,000 2 1.5 912 11
4700 Lower Dr Detached $464,900 3 2.5 1743 3
1599 Oak St Detached $469,000 4 2.5 2468 62
4971 Lakeview Blvd Detached $475,000 3 2 1433 25
14246 Camden Ln Detached $499,900 3 2.5 1933 51
4867 Sage Hen Way Detached $585,000 4 2.5 2523 27
18295 Westview Dr Detached $689,000 4 2.5 3580 87
4336 Glacier Lily St Detached $689,990 4 2.5 3381 21
7050 Childs Rd Detached $699,000 3 2 2108 20
6081 Clairmont Ct Detached $710,000 4 2.5 2680 63
14412 Meadow Grass St Detached $724,900 4 2.5 3259 6
5355 Carman Grove Ln Detached $799,500 4 3 2626 109
889 Evergreen Rd Detached $799,900 3 2 1935 10
17585 Treetop Way Detached $829,000 4 3 2422 35
3909 Bass Ln Detached $919,950 5 3.5 3876 53
14045 Chelsea Dr Detached $1,098,000 4 4 4100 19
741 B Ave Detached $1,120,000 3 2.5 2609 33
13612 Goodall Rd Detached $1,675,000 5 4.5 4362 138

Sold/Closed (August 7-13, 2017)

Address Type List Price Sold Price Sq Ft CDOM
35 Crestfield Ct Condo $174,900 $178,000 923 5
5225 Jean Rd #108 Condo $279,000 $279,000 1,500 26
5064 Foothills Dr #17 Condo $349,900 $351,000 1,252 16
4348 Douglas Way Detached $425,000 $402,500 1414 30
17226 Marjorie Ave Detached $499,000 $495,750 1782 26
802 Clara Ct Detached $609,900 $550,000 2815 47
7 Preakness Ct Detached $580,000 $580,000 2896 11
5192 Coventry Ct Detached $629,900 $639,900 2259 9
19431 Kokanee Ct Detached $715,000 $710,000 2214 3
5 Da Vinci St Detached $739,900 $750,000 2714 3
18470 Ray Ridge Dr Detached $800,000 $800,000 3902 36
14750 Uplands Dr Detached $1,100,000 $815,000 3387 48
4723 Lamont Way Detached $1,020,000 $985,000 3043 47
4060 Westbay Rd Detached $1,099,950 $1,125,000 2738 2
3926 Edens Edge Dr Detached $1,150,000 $1,140,000 4612 77
886 9th St Detached $1,275,000 $1,275,000 2980 0
3525 Upper Dr Detached $1,299,000 $1,299,900 3320 5
13877 Amberwood Cir Detached $1,699,000 $1,689,000 5851 20
1066 Northshore Rd Detached $3,895,000 $3,350,000 4169 34

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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Tips & Tidbits

  • Timelines- You’ve heard that phrase “Time is of the essence”, right? Well most people do not know that it is an actual legal term which basically means that the most important elements of any contract are the dates & timelines set forth within it. So, make sure you discuss with your Agent all the timelines that are spelled out, and make a priority of planning ahead to stay within set time periods and meet deadlines. In a real estate contract, your Earnest Money may be on the line if you do not.  Two examples
    • If you decide you do not want the property anymore because its just not in good enough shape for you, and your Inspection Period has ended, you may still back out, and/but will likely lose your Earnest Money.
    • If your Lender doesn’t get the paperwork in on time because of a delay in Underwriting, and that is going to cause you to miss your Closing Date, you may lose your Earnest Money if the Seller had a better Offer waiting in the wings, or for whatever other reason just doesn’t feel like extending your Closing Date.  SO, when the Lender asks you for paperwork and you delay in getting it to them for the Underwriter to review, or when you fail to sign Disclosures and return promptly, and/or the Appraisal does not get ordered in a timely manner, you are putting your Closing Date and your Earnest Money in jeopardy. (***Note- This is a very good reason to make sure that you pick an excellent Lender as well. It doesn’t matter if its the Lender who drops the ball or if you didn’t get paperwork to them in time…. if you miss the Closing Date, you miss the Closing Date as far as the contract is concerned.)
  • Personal Property- Sellers must remove all personal property from the home prior to the Closing Date.  The question of what that means comes up sometimes, and specifically with regard to things the Seller thinks that the Buyer would want. Things in the garage are often questionable in the Seller’s mind, and it is true that a Seller will often leave a few cans of paint for touch-ups and so that the Buyer can see what the paint colors are for re-ordering if they like.  ***Not all Buyers will want the paint left, or the drawers of nails, or the chemicals for the yard, or the tools. If there is any question at all, just remove everything. If there are items you’d like to leave and wonder whether the Buyer might like them, ask your Agent to deliver a list to the Buyer’s Agent and find out from the Buyer!
  • Appraisals- The Appraisal is paid for by the Buyer and is actually the Lender’s.  The Lender requires it to make sure that they are loaning an amount that is based on an arms-length transaction between reasonable parties that are operating in the realm of planet earth in their thinking. The Seller does NOT get to see the Appraisal in most all cases. Usually the Seller does not even get to know what the final Appraised Value was. As Listing Agent, I will often receive a call saying that the Appraisal “came in at value”.  This means that it did not come in “under value” and no further negotiation is required.  You can ask, and sometimes you will receive an answer, and/but know that it is often not divulged. As the Seller, the best course of action is to ***thoroughly*** review all comparable information on similar homes sold nearby and recently with your Agent prior to Listing. Set the price based on that data, and based on what you are comfortable with, and then let the adventure begin. A home is worth what two reasonable parties agree to sell/buy it for. Even Appraisals (should you have one done prior to Listing) do not dictate what someone would be willing to pay for your home. Having one done yourself prior to Listing also has nothing to do with the Appraisal the bank will order and have done by an entirely different Appraiser. The two will not necessarily match. I know of one home recently that was Appraised prior to Listing  (and subsequently priced at) $50,000 higher than what it sold for….after it sat on the market for a long time and, I’m sure, tortured the Sellers as they waited.  Look at all the data. Take time to think and discuss with your Agent, and become comfortable with your Listing Price. Then, let go!
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Market Activity ~ July 31 – Aug 6, 2017

Last week saw 22 New properties enter the market in Lake Oswego, 20 move to Pending status, and 18 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (July 31- Aug 6, 2017)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY #51 $149,899 1 1 617 CONDO
33 OSWEGO SMT $189,000 1 0.1 764 CONDO
1675 HALLINAN ST $549,900 3 2.1 2450 DETACHD
720 BRIERCLIFF LN $559,900 3 3 2152 DETACHD
5110 ROSEWOOD ST $624,900 3 2.1 2464 DETACHD
18410 DEERBRUSH AVE $659,000 4 2.1 2246 DETACHD
43 BECKET ST $700,000 4 3.1 3689 DETACHD
18000 WESTMINSTER DR $725,000 4 2.1 2679 DETACHD
4948 HAMPTON CT $867,000 2 3.1 3434 DETACHD
1755 KILKENNY RD $874,900 4 3 3164 DETACHD
2715 GLEN EAGLES RD $950,000 4 2 2500 DETACHD
2025 WEMBLEY PARK RD $999,999 3 2.1 2700 DETACHD
5702 MEADOWCREEK CT $1,059,000 4 3.1 3146 DETACHD
13597 ROGERS RD $1,199,000 4 4 3945 DETACHD
3867 SOUTHSHORE BLVD $1,299,995 5 4 3622 DETACHD
610 9TH ST $1,349,000 4 3.1 4021 DETACHD
2230 WEMBLEY PARK RD $1,595,000 5 4.1 4597 DETACHD
17775 KELOK RD $1,669,000 4 2.1 2882 DETACHD
939 LAKE FRONT RD $1,999,000 5 4 4106 DETACHD
18475 CRESTLINE DR $2,180,000 4 4.1 4740 DETACHD
17502 BLUE HERON DR $2,395,000 5 3.1 4996 DETACHD
1495 OAK TER $2,795,000 4 4 3983 DETACHD

PENDING SALES (July 31- Aug 6, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #8 $180,000 2 1 932 CONDO 17
4 TOUCHSTONE #125 $199,000 2 2 1000 CONDO 4
2 OSWEGO SMT $199,500 1 1 869 CONDO 7
226 RIDGEWAY RD #226 $265,000 1 1 756 CONDO 37
1232 CORNELL ST $349,950 3 1 1536 DETACHD 63
1198 BOCA RATAN DR $375,000 2 2.1 1729 ATTACHD 40
17710 HILL WAY $429,900 3 2 1637 DETACHD 16
14338 ORCHARD SPRINGS RD $525,000 5 3 2238 DETACHD 4
1580 WOODLAND TER $599,900 3 2.1 2430 DETACHD 25
35 Westridge DR $599,950 5 3 3308 DETACHD
75 TANGLEWOOD DR $629,900 4 3.1 4914 DETACHD 7
11 DEL PRADO ST $639,000 4 2.1 2893 DETACHD 24
17125 FERNWOOD DR $674,900 4 3 2688 DETACHD 40
1611 HIGHLAND DR $685,000 4 2.1 2652 DETACHD 16
662 7TH ST $750,000 3 2 1461 DETACHD 11
14370 PFEIFER DR $810,000 4 2.1 3318 DETACHD 19
4991 CASCARA LN $825,000 4 3.1 3648 DETACHD 74
17376 BERGIS FARM DR $1,069,000 4 3.1 4396 DETACHD 315
4256 LAKEVIEW BLVD $1,749,000 5 3.1 3117 DETACHD 16
14733 Uplands DR $2,150,000 6 5.3 7694 DETACHD 389

SOLD (July 31- Aug 6, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
48 EAGLE CREST DR #1E $229,900 $226,000 2 2 1370 CONDO 6
1819 BOCA RATAN DR $335,000 $335,000 3 2 1405 ATTACHD 18
327 LAUREL ST $450,000 $450,000 2 2 2520 DETACHD 0
13296 VERMEER DR $459,999 $460,000 3 2.1 1860 DETACHD 3
16444 ASTOR AVE $479,900 $499,000 3 2 1746 DETACHD 4
1311 PINE ST $550,000 $550,000 3 3 2150 DETACHD 16
539 2ND ST/Ground $559,000 $559,000 2 2 1240 CONDO 0
6 MONTICELLO DR $675,000 $627,500 3 3 3020 DETACHD 21
762 MAPLE ST $715,000 $715,000 3 2.1 2340 DETACHD 11
22 INDEPENDENCE AVE $750,000 $740,000 5 4 4138 DETACHD 93
5332 LOWER DR $795,000 $790,000 4 2.1 2600 DETACHD 84
16872 QUAIL CT $849,900 $790,300 3 3.1 3173 DETACHD 399
5088 WOODCREST LN $814,500 $813,500 4 2.1 3183 DETACHD 4
4350 ALBERT CIR $875,000 $875,000 5 3.1 3175 DETACHD 9
5347 DENTON DR $948,000 $950,000 4 2.1 3240 DETACHD 23
4 DOVER WAY $1,000,000 $970,000 5 2.1 3962 DETACHD 36
199 FURNACE ST/Upper $1,995,000 $1,935,000 3 3.1 5772 CONDO 51
951 ATWATER RD $3,100,000 $3,100,000 6 5.1 10072 DETACHD 108

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 Report for July 24 – 30, 2017

Hello everyone!
What is going on with this heat!? I don’t have AC, so I’ve had to keep my windows closed during the day and open them at night. It has been crazy. I hope everybody is keeping cool! Please make sure to drink lots of water, to not leave kids or dogs in cars, and hit up some of the great swimming places (hopefully those that are out of the smog distance from the fires up in British Columbia).

New on the Market (July 24 – 30, 2017)

Address Type Price Bedrooms Bathrooms Sqft
12 CRESTFIELD CT CONDO 168,000 1 1 552
76 CERVANTES CIR CONDO 189,000 2 1.5 912
405 BOCA RATANH DR DETACHED 544,900 3 2.5 2040
100 LEONARD ST 4-2 CONDO 545,000 3 2.5 2537
12451 SW ORCHARD HILL RD DETACHED 549,500 3 2 1680
1031 OXFORD DR DETACHED 559,500 3 2.5 2384
1575 IVY CT DETACHED 599,000 4 3 2420
14371 SHERBROOK PL DETACHED 619,000 3 2.5 2550
889 EVERGREEN RD DETACHED 799,900 3 2 1935
16853 SCOTT CT DETACHED 829,000 5 4 3917
504 10TH ST DETACHED 849,000 3 2 2277
10 MORNINGVVIEW LN DETACHED 899,900 4 3.5 3848
1643 VILLAGE PARK LN DETACHED 1,095,000 4 3.5 4505
937 CEDAR ST DETACHED 1,350,000 4 3.5 3938
14711 UPLANDS DR DETACHED 1,375,000 4 4.5 3504
4250 LORDS LN DETACHED 1,375,000 4 3.5 3516
2510 WEMBLEY PARK RD DETACHED 1,750,000 4 3.5 4729
13571 GOODALL RD DETACHED 1,899,999 4 4.1 5725
260 IRON MOUNTAIN BLVD DETACHED 2,498,000 4 4.2 6048
3458 LAKEVIEW BLVE DETACHED 2,795,000 4 4.1 4647

Pending Sales (July 24 – 30, 2017)

Address Type Price Bedroom Bathrooms DOM
88 WHEATHERSTONE CONDO 379,900 3 2.5 13
18552 EDGEWOOD CT DETACHED 410,000 3 1.5 5
4 PEACOCK PL DETACHED 429,900 3 2.5 65
18305 FERNBROOK CT DETACHED 459,900 3 2 37
4923 FIRBWOOD RD DETACHED 494,900 3 2 42
17839 TAMARA AVE DETACHED 525,000 3 1.5 21
802 CLARA CT DETACHED 589,900 4 3 47
3707 OLSON CT DETACHED 599,000 4 3 88
16998 SUMMER PL DETACHED 609,900 4 2.5 59
36 MORNINGVIEW CIR DETACHED 634,900 4 3.5 218
5622 CARMAN DR DETACHED 639,900 4 2 160
17064 REBECCA LN DETACHED 699,900 4 2.5 14
15644 FIELDSTONE DR DETACHED 769,900 3 2.5 3
810 9TH ST DETACHED 770,000 3 2 92
4189 Chad DR DETACHED 899,000 5 3.5 35
18108 PILKINGTON RD DETACHED 968,000 3 3.5 82
19235 MEGAN PL DETACHED 995,000 4 2.1 3
928 CEDAR ST DETACHED 1,098,000 4 3.5 162
4190 CHAPMAN WAY DETACHED 1,175,000 4 3.5 69
1809 HEADLEE LN DETACHED 1,195,000 3 3.5 21
12901 GOODALL RD DETACHED 1,995,000 4 4.5 414
12812 GOODALL RD DETACHED 1,995,000 5 4.5 56
2180 PRESTWICK RD DETACHED 3,100,000 3 4.5 137

Sold/Closed (July 24 – 30, 2017)

Address Type List Price Close Price Sqft DOM
668 MCVEY AVE CONDO 225,000 188,748 496 381
6480 WASHINGTON CT DETACHED 250,000 230,000 35
210 RIDGEWAY RD CONDO 249,900 235,000 778 6
16681 LAKE FOREST BLVD DETACHED 375,000 365,000 936 37
14424 DORIS AVE DETACHED 589,000 511,149 1700 31
76 TANGLEWOOD DR DETACHED 539,500 539,500 2801 14
1988 MAPLELEAF RD DETACHED 575,000 550,000 1522 0
5758 CHARLES CIR DETACHED 700,000 715,000 2371 3
21 WESTRIDGE DR DETACHED 719,900 729,900 3202 13
4850 LOWER DR DETACHED 774,900 764,900 2700 11
3887 TAMARACK LN DETACHED 834,900 827,500 3316 3
2325 PARK RD DETACHED 875,000 875,000 2405 4
2050 CHILDS RD DETACHED 1,000,000 918,750 4814 18
1120 HOODVIEW LN DETACHED 1,089,000 1,025,500 3909 110
16001 PARELIUS CIR DETACHED 1,225,000 1,190,000 4309 13
16 DOVER WAY DETACHED 1,395,000 1,395,000 8147 4

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.