Tag: buying real estate

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Market Activity Report March 14th – 20th, 2016

Happy Easter everyone!

I hope everybody is having a wonderful day of great breakfast food, colored eggs, and possibly mimosas!

I’m kind of late posting for my week, but at least I got to wish you a happy holiday. Last week we saw a huge boost in pending properties, boy are people buying houses right now. 13 new houses entered the market, a whopping 32 houses went pending, and 14 homes closed.

Following is the breakdown for you according to RMLS:

New on the Market (March 14-20, 2016)

Address Type Price Bedrooms Bathrooms Sqft
77 GALEN RD CONDO 164,900 2 2 993
6925 SW MONTAUK CIR CONDO 175,000 2 1 968
4 TOUCHSTONE #81 CONDO 184,000 3 2.5 1351
6330 SHAKESPEAR ST DETACHED 479,900 4 3 2184
5311 CHILDS RD DETACHED 559,000 4 2.5 1766
1991 WEMBLEY PL DETACHED 599,900 4 2 3042
18386 DEERBRUSH AVE DETACHED 639,000 4 3 2420
3472 TEMPEST DR DETACHED 675,000 4 2.5 3146
17343 BROOKHURST DR DETACHED 749,000 4 2.5 3443
18493 RAY RIDGE DR DETACHED 1,050,000 4 3.5 4401
16686 MAPLE CIR DETACHED 1,195,000 4 3.5 3311
17312 BERGIS FARM DR DETACHED 1,250,000 4 4.5 4808
3140 CHILDS RD DETACHED 1,850,000 5 6.5 6692

Pending Sales (March 14-20, 2016)

Address Type Price Bedroom Bathrooms DOM
86 KINGSGATE RD H-104 CONDO 124,900 2 2 7
96 GALEN ST CONDO 129,000 1 1 1
48 EAGLE CREST DR 3E CONDO 157,900 2 2 139
48 EAGLE CREST DR #2D CONDO 174,900 3 2 125
73 OSWEGO SMT CONDO 179,900 2 2 4
282 CERVANTES CONDO 219,900 2 2 29
3968 CARMAN DR CONDO 239,900 2 2.5 61
5995 SHAKESPEARE ST DETACHED 349,500 3 1.5 5
2500 GREENTREE RD DETACHED 399,900 3 2 4
1304 LAUREL ST DETACHED 417,500 3 2 6
1531 WOODLAND TER DETACHED 448,000 3 2.5 4
17755 HILL WAY DETACHED 475,000 3 3 4
44 DA VINCI ST DETACHED 519,000 4 2 4
17367 LAKE HAVEN DR DETACHED 550,000 3 2 0
16017 OAKRIDGE CT DETACHED 569,000 3 2 3
919 CUMBERLAND RD DETACHED 605,000 4 3 25
17455 BROOKHURST DR DETACHED 648,950 4 2.5 36
17126 HOFER CT DETACHED 668,000 3 3 38
18000 CARDINAL DR DETACHED 674,900 4 3 50
411 REDGEWAY RD DETACHED 695,000 3 2.5 5
877 CORNELL ST DETACHED 698,500 3 3 11
18056 SW WESTMINSTER DR DETACHED 744,000 4 2.5 2
18217 DELENKA LN DETACHED 749,500 4 3 61
16652 WOODSMAN CT DETACHED 779,000 3 2.5 11
13825 MELROSE PL DETACHED 835,000 5 4.5 183
625 3RD ST ATTACHED 837,000 3 2.5 183
18982 BRYANT RD DETACHED 865,000 4 3.5 4
17622 LAKE HAVEN DR DETACHED 1,050,000 3 2 46
2809 ARROWHEAD CT DETACHED 1,560,000 3 3 20
1870 TWIN POINTS RD DETACHED 2,200,000 5 4 182
3142 LAKEVIEW BLVD DETACHED 4,350,000 4 5 298

Sold/Closed (March 14-20, 2016)

Address Type List Price Close Price Sqft DOM
4 TOUCHSTONE #110 CONDO 165,000 164,000 989 28
21 BITTEN CT ATTACHED 359,900 359,900 1972 3
19416 TUALAMERE AVE DETACHED 350,000 368,000 1296 6
8 SUMMIT RIDGE CT ATTACHED 379,900 395,000 1642 4
17015 CHAPIN WAY DETACHED 550,000 590,000 2816 2
4672 AUBURN LN ATTACHED 585,000 585,000 2732 2
14489 CAMDEN LN DETACHED 550,000 590,000 2816 2
1495 WOODLAND TER DETACHED 649,500 630,000 3862 12
1921 GLENMORRIE LN DETACHED 658,000 668,000 2375 1
4867 UPPER DETACHED 799,900 779,000 2845 141
183 FURNACE ST CONDO 1,000,000 955,000 2126 7
822 6TH ST DETACHED 1,099,900 1,082,000 2748 194
3137 DOUGLAS CIR DETACHED 1,450,000 1,450,000 4246 0
3190 DOUGLAS CIR DETACHED 1,559,000 1,650,000 4840 579

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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Spring Cleaning

Spring is a great time to give your home a good once over. You should do it if you are about to list your house for sale, but you should also do it as a matter of keeping up with maintenance and repair. Being a good steward of your home will maintain and even increase it’s value. So it’s time to roll up your sleeves and get to it!

As you sort, wash, and organize, there is likely going to be a good deal of stuff to dispose of. Oregon is a mecca for recycling and properly disposing of debris, so I thought today would be a good time to go over some basics.

Curb side recycling is amazing. Here in LO you can sort your weekly pick up into garbage, recycling, and yard debris. We have 4 different curb side containers. For yard debris you can put small stuff like grass clippings and leaves and for larger stuff you can put in branches and limbs that are cut into sections. No, you can’t have a tree popping out of the top of the can. It has to be cut up and fit into the can. For recycling you can put out paper, plastic containers that have necks (think containers with twist on tops) and tin cans and clean aluminum. Glass has to be sorted separately and put into its own container.

You can not recycle at the curb plastic bags or molded plastic like the clam shells that vegetables come in. You also can not recycle glass light bulbs or broken dishes.

Yard debris can also be put at the curb in biodegradable bags for an extra pick up charge.

But what to do with the things that can’t be recycled curbside? Here are some answers.

IMG_0894Far West Recycling is right her in Lake Oswego (341 Foothills Rd). They take metal, glass, styrofoam, and elctronics. I have recycled old TVs and computers here for a small donation.

S & H Logging is also local (20200 Stafford Rd) and they take yard debris on a large scale. I’m talking pull every single scrap out of your yard and take it in the back of a flat-bed truck quantity of yard debris. The great thing at S & H is that they also sell landscape supplies like bark dust and compost. So you can take to them what you want to get rid of and bring home what you need.

SouthmetroIMG_0893 is the place to take everything else. Located in Oregon City you can take to them wood waste, garbage, motor oil, paint, appliances, plastics, they pretty much handle it all.

Please, please, please don’t put stuff into landfills that can be recycled. When I travel to other states and see pop cans in the garbage I have a physical reaction to the waste. It is so easy to recycle this stuff. I know not every single citizen of this state is so emphatic, but I do think it is part of our common community. When in Oregon….

Happy house cleaning!
Dianne

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Market Activity March 7-13, 2016

It’s been another great week of the spring market ramping up. Lots of houses are coming onto the market and lots are selling. Last week in Lake Oswego we saw 21 new listings, 21 going into pending status, and 16 closed sales. With spring break happening next week this trend will only continue. By my memory the new listings will peak in June at about 35 new listings per week.
Following is the breakdown for you according to RMLS:

New on the Market (March 7-13, 2016)

Address Type Price BR Baths Sq Ft
86 Kingsgate Rd H 104 Condo $124,900 2 2 840
73 Oswego Summit Condo $179,900 2 2 1212
44 Eagle Crest Dr #28 Condo $199,000 3 2 1085
5995 Shakespeare St Detached $349,500 3 1.5 2590
2500 Greentree Rd Detached $399,900 3 2 1502
1304 Laurel ST Detached $417,500 3 2 1540
1531 Woodland Terrace Detached $448,000 3 2.5 1986
4720 Lower Dr Detached $535,000 4 2 2404
5674 La Mesa Ct Detached $548,950 3 2 1802
6 Becket St Detached $560,000 3 2.5 2843
411 Ridgeway Rd Detached $695,000 3 2.5 3094
877 Cornell St Detached $698,500 3 3 3041
14540 Uplands Dr Detached $750,000 3 2.5 2704
18153 Westminster Dr Detached $789,900 4 2.5 3590
1471 Woodland Terrace Detached $819,000 5 4.5 5362
568 Weidman Ct Detached $819,000 4 3.5 3702
18982 Bryant Rd Detached $865,000 4 3.5 3463
19460 Eastside Rd Detached $981,750 5 4.5 4521
429 6th ST Detached $1,049,000 4 2.5 3205
2543 Palisades Crest Dr Detached $1,150,000 3 2.5+.5 4141
13237 Knaus Rd Detached $1,995,000 4 4.5 4900

Pending Sales (March 7-13, 2016)

Address Type Price BR Baths Sq Ft CDOM
205 Oswego Summit Condo $162,900 2 2 1383 20
69 Galen Rd Condo $164,900 2 1 923 4
4000 Carman Dr #88 Condo $169,000 2 2 836 4
6210 Childs Rd Detached $400,000 3 1.5 1296 209
1680 Pine St Detached $419,000 3 3 2472 5
4251 Woodside Circle Attached $419,000 3 2 2068 18
14352 Sherbrook Pl Detached $439,900 3 2.5 1806 96
1899 Country Club Rd Detached $449,500 4 2 1612 1
135 Del Prado St Detached $520,000 4 2.5 2444 0
51 Tanglewood Dr Detached $550,000 4 2.5 2351 3
2500 Park Rd Detached $569,000 3 2.5 1811 3
808 Ellis Ave Detached $599,000 3 2.5 2108 2
5887 Lower Dr Detached $699,000 3 2.5 2526 61
3620 Wren St Detached $700,000 4 3.5 2845 5
1317 Laurel ST Detached $725,000 3 2.5 2259 81
5876 Ridgetop Ct Detached $819,000 4 2.5 3280 6
17193 Lowerberg Terrace Detached $889,900 4 2.5 2973 6
18945 Bryant Rd Detached $987,000 5 3 4755 133
17540 Ridgeview Ln Detached $1,195,000 4 3.5 4345 33
556 7th ST Detached $1,219,000 5 3.5 3911 161
17442 Ridgeview Ln Detached $1,275,000 4 3.5+.5 5036 228
1164 Crestline Ct Detached $1,469,000 5 5.5 6800 58
13056 Knaus Rd Detached $1,688,000 4 3.5 5244 1

Sold/Closed (March 7-13, 2016)

Address Type List Price Sold Price Sq Ft CDOM
104 Oswego Summit Condo $165,000 $145,000 800 25
67 Oswego Summit Condo $184,900 $180,000 1,212 88
14850 Twin Fir Rd Detached $439,000 $439,900 2,018 2
6286 Harrington Ave Detached $474,950 $450,000 3219 249
1140 Hallinan Detached $479,950 $464,000 1744 55
149 Middlecrest Rd Detached $599,000 $475,000 2302 256
15585 Partridge Dr Detached $620,000 $507,000 2604 182
17568 Erin Ct Detached $619,900 $615,000 3008 10
17927 Ridge Lake Dr Detached $649,000 $621,500 2544 142
547 2nd ST Condo $625,000 $625,000 1529 54
15837 Allison Pl Detached $679,000 $635,000 3534 125
1992 Palisades Terrace Dr Detached $849,900 $825,000 4140 25
5355 Rosalia Way Detached $925,000 $915,000 3764 1
2371 Palisades Crest Dr Detached $1,198,000 $1,185,000 4270 11
18016 Skyland Circle Detached $1,790,000 $1,650,000 6304 240
13599 Knaus Rd Detached $2,148,000 $1,953,000 6874 1013

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 ~ Feb 29- Mar 6, 2016

A wide spectrum of New Listings hit the market last week. We saw 19 New properties, 17 move to Pending status, and 12 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Feb 29-Mar 6, 2016)

Address List Price # Beds # Baths Total SF Prop Type
4000 CARMAN DR #88 $169,000 2 2 836 CONDO
200 BURNHAM RD #102 $199,900 1 1 733 CONDO
1680 PINE ST $419,000 3 3 2472 DETACHD
2757 GLEN HAVEN RD $519,000 4 2 2420 DETACHD
5850 BONITA RD $527,500 3 2 1272 DETACHD
2500 PARK RD $569,000 3 2.1 1811 DETACHD
5887 SW LANGFORD LN $629,950 4 2.1 2724 DETACHD
16652 WOODSMAN CT $779,000 3 2.1 3196 DETACHD
19330 RIVER RUN DR $799,000 4 4 3786 DETACHD
5876 RIDGETOP CT $819,000 4 2.1 3280 DETACHD
2479 MARYLVIEW CT $829,000 4 3.1 3832 DETACHD
621 COUNTRY CLUB RD $875,000 4 2.1 3385 DETACHD
17193 LOWENBERG TER $889,900 4 2.1 2973 DETACHD
1269 LAKE GARDEN CT $899,000 4 2.1 2056 DETACHD
2809 ARROWHEAD CT $1,560,000 3 3 2624 DETACHD
1099 TERRACE DR $2,150,000 5 4.1 4965 DETACHD
16852 ALDER CIR $2,185,000 4 3.1 3192 DETACHD

PENDING SALES (Feb 29-Mar 6, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
69 CONDOLEA TER Grnd $379,000 2 2.1 2157 CONDO 3
4725 JEAN RD $385,000 4 2 1433 DETACHD 65
125 MIDDLECREST RD $399,900 3 1 800 DETACHD 23
4851 MADRONA ST $449,900 4 2 1500 DETACHD 6
142 DEL PRADO ST $475,000 4 3 1950 DETACHD 38
14584 RAINBOW DR $545,000 4 3 2570 DETACHD 12
4782 AUBURN LN $569,000 3 3.1 2650 ATTACHD 2
5 WESTMINSTER DR $579,000 5 3 3104 DETACHD 14
16636 MAPLE CIR $600,000 4 2 2030 DETACHD 1
12844 SIERRA VISTA DR $610,000 4 2.1 2501 DETACHD 2
29 SPINOSA $625,000 3 2.2 3262 DETACHD 4
4208 ALBERT CIR $649,900 5 3 2777 DETACHD 18
17183 CARLSON CT $665,000 4 3.1 3366 DETACHD 15
4657 DOGWOOD DR $889,000 4 4 3890 DETACHD 19
18711 WESTVIEW DR $995,000 4 3.1 3591 DETACHD 23
822 6TH ST $1,099,900 3 3 2748 DETACHD 194
1355 Country Commons $1,995,000 4 3.1 4238 DETACHD 198

SOLD (Feb 29-Mar 6, 2016)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
4333 WOODSIDE CIR $349,000 $349,000 3 2 1532 ATTACHD 69
6 THE GROTTO $375,000 $375,000 3 2 1381 DETACHD 14
16060 PEARCY ST $538,000 $538,000 3 3.1 2101 DETACHD 4
17765 TREETOP LN $598,000 $570,000 4 3 3046 DETACHD 42
16510 Maple CIR $590,000 $570,000 5 3 2808 DETACHD 4
19285 MEGLY CT $674,900 $645,000 5 3 3275 DETACHD 46
104 GARIBALDI ST $799,000 $671,880 3 2.1 3074 DETACHD 272
16987 Alder CIR $839,000 $720,000 3 2.1 1989 DETACHD 266
5371 SOUTHWOOD DR $724,900 $735,000 3 3 2751 DETACHD 9
17446 BRYANT RD $925,000 $925,000 4 4 3506 DETACHD 13
4150 UPPER DR $1,050,000 $1,050,000 4 3.1 3465 DETACHD 1
15825 OSWEGO SHORE CT $1,999,900 $1,875,000 3 3.1 4317 DETACHD 146

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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LO’s Fit Spot

fit_spot_1

Something very cool has been built in West Waluga Park. It’s an outdoor gym that is free to use. Equipment is there for all major muscles just like you would find at a place like LA Fitness or 24 Hour Fitness. The difference is that there is no roof or walls to keep out the wind or rain, and it’s free. Take a moment here and think about this. No, there is no roof to keep out the rain, but there is also no roof to block the sun and the fresh air. And did I mention that it’s free?

The first time I used the equipment I was totally exhilarated by the feeling of what a great day to be out side and what a privilege to be able to work out in that environment. I have used the equipment many times. I have never found it so busy that I have to wait for others before I can take my turn. I do a lot of walking so I find myself using the upper body equipment. But I also enjoy the cross country machine and they have this machine that you stand on and swing your torso from side to side. I suspect it’s meant to work the sides of your waist, but I enjoy the movement.

11538977_942599229117261_5599756301123894766_oIf you do decide to give it a go, be sure to read the instructions that are clearly posted on each piece of equipment. As with all exercise, it’s meant to be beneficial and not harmful, but you bear responsibility for doing it right.

West Waluga Park also has a nice paved path around it’s circumference. So if you like the idea of getting in a brisk walk along with the weight training, you can easily do so all in one place. It’s a perfect set up for parents who’s kids want to play and you want to exercise and keep an eye on them.

Yep, I’m a fan of the new fit spot. Located at 15775 Waluga Drive, check it out.
Dianne

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Market Activity Feb 15-21, 2016

Market activity continues to pick up. Last week in Lake Oswego there were 16 new listings, 25 properties that went into pending status with accepted offers, and 16 closed sales. It continues to be a seller’s market with more homes going pending than coming up for sale. Having said this a property still needs to be in a location and condition that the price supports. 3 of the pendings and 2 of the closed sales still took over 200 days.

Following is the breakdown for you according to RMLS:

New on the Market (Feb 15-21, 2016)

Address Type Price BR Baths Sq Ft
205 Oswego Summit Condo $162,900 2 2 1383
4 Touchstone #109 Condo $163,000 2 2 989
1400 Parrish St Condo $349,900 3 2.5 1880
4251 Woodside Circle Attached $419,000 3 2 2068
14584 Rainbow Dr Detached $545,000 4 3 2570
545 Evergreen Rd Detached $550,000 3 2.5 2182
16969 Alder Circle Detached $569,000 3 2 1534
5 Westminster Dr Detached $579,000 5 3 3104
5004 Woodcrest Ln Detached $649,900 3 2.5 2522
17183 Carlson Ct Detached $665,000 4 3.5 3366
4208 Albert Circle Detached $674,900 5 3 2777
2110 Summit Dr Detached $799,900 4 2 2525
14365 Fosberg Rd Detached $1,150,000 5 3.5 5343
14380 Uplands Dr Detached $1,150,000 4 3.5 2996
17600 Upper Cherry Ln Detached $1,299,000 4 3.5 3900
3232 Lakeview Blvd Detached $5,450,000 4 5 7925

Pending Sales (Feb 15-21, 2016)

Address Type Price BR Baths Sq Ft CDOM
4 Touchstone #110 Condo $165,000 2 2 989 28
47 Greenridge Ct Attached $229,900 2 1.5 1176 51
19416 Tualamere Ave Detached $350,000 3 0.5 1296 6
18440 Donlee Way Detached $385,000 3 1 1223 2
5402 Carman Dr Detached $400,000 3 1 1699 214
14352 Sherbrook Pl Detached $439,900 3 2.5 1806 75
1273 Rockinghorse Ln Detached $549,900 3 2.5 2192 154
14489 Camden Ln Detached $550,000 5 2.5 2816 2
2220 Fernwood Circle Detached $558,950 4 2.5 1882 6
17730 Marylbrook Dr Detached $589,900 3 2.5 2951 104
16510 Maple Circle Detached $590,000 5 3 2808 4
16805 Old River Dr Detached $650,000 3 2 1728 2
104 Garibaldi St Detached $699,000 3 2.5 3074 272
6413 McDuff Ct Detached $699,900 3 2.5 3091 94
5937 Bay Point Dr Detached $729,900 4 2.5 3402 143
4867 Upper Detached $789,900 4 3 2845 141
4255 Chad Dr Detached $899,900 4 3.5 3853 7
183 Furnace St Condo $1,000,000 2 2.5 2126 7
3487 Lake Grove Ave Detached $1,095,000 4 3.5 3473 36
1979 Country Club Rd Detached $1,149,000 5 5.5 4115 4
2371 Palisades Crest Dr Detached $1,198,000 4 3 4270 11
19354 Lorna Ln Detached $1,199,000 4 3.5 4169 184
12838 Alto Park Rd Detached $1,439,000 4 3.5 4475 145
18016 Skyland Circle Detached $1,790,000 4 4.5 6304 240
13599 Knaus Rd Detached $2,148,000 5 7 6874 1013

Sold/Closed  (Feb 15-21, 2016)

Address Type List Price Sold Price Sq Ft CDOM
65 Oswego Summit Condo $154,999 $140,000 1140 79
86 Kingsgate Rd F202 Attached $134,900 $146,000 849 3
44 Eagle Crest Dr #1 Condo $150,000 $156,500 908 3
31 Crestfield Ct Condo $184,500 $184,500 995 2
5800 Sevillle Ave Detached $399,000 $309,500 2113 40
19251 Indian Creek Ave Detached $350,000 $341,000 1550 40
59 Greenridge Ct Attached $369,000 $365,000 2004 19
17273 Bryant Rd Detached $395,900 $380,000 1452 251
6105 Shakespeare St Detached $400,000 $400,000 1550 227
4660 Upper Dr Detached $549,000 $489,000 3100 155
736 Evergreen Rd Detached $549,000 $490,000 2172 84
524 Weidman Ct Detached $669,000 $705,000 3450 13
14113 Amberwood Circle Detached $749,000 $717,500 3514 102
717 5th St Detached $1,089,000 $1,075,000 2809 6
1144 Bayberry Rd Detached $1,299,900 $1,250,000 3523 60
667 Iron Mountain Blvd Detached $1,699,000 $1,650,000 4679 0

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

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News & Notes ~ Jan 2016 Numbers

First numbers for 2016!!! Yeah!!!

Here are the January numbers for the entire Portland area (including Lake Oswego).

According to the RMLS Market Action Report for the Portland Metro Area, January, 2016:

  • There were 2,519 New Listings in January which was up 63.8% from December (1,538), and 8.8% under January of 2015 (2,762).
  • At 1,859, January Closed Sales fell 31.4% from December’s 2,710, and/but were up  25.9% from January of 2015’s 1,477.               ***It was still the strongest January since 1992.
  • January Pending Sales (accepted offers), at 2,243 were up 15.9% from December’s 1,936, and were 2.8% under January of 2015’s 2,294 total.
  •  The Average Sale Price in January of $355,500 was down some from December’s end-of-year frenzy/$367,600, and also up approx $26,000 from January of 2015’s $329,400. 

The combined areas of Lake Oswego and West Linn  (RMLS lumps them together) for the month of January 2016 reported:

    •  243 Active Listings  (Dec was 255)
    •  150 New Listings   (Dec was 86 )
    •  120 Pending Sales    (Dec was 98)
    •  81 Closed Sales   (Dec was 143)
    • Average Sale Price for January of $498,000 (Dec/$567,300. )
      • 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: 78 Days (Dec was 81)
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Market Activity ~ Feb 8-14, 2016

Looks like we’re finally starting to see people putting their homes on the market.

During the period of February 8-14, 2016 (last week) in Lake Oswego, we saw 19 New properties enter the market, 20 move to Pending status, and 16 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Feb 8-14, 2016)

Address List Price # Beds # Baths Total SF Prop Type
84 OSWEGO SMT #84 $119,000 1 1 764 CONDO
125 MIDDLECREST RD $399,900 3 1 800 DETACHD
17311 ASHLEY CT $465,000 4 2.1 2117 ATTACHD
1244 HALLINAN CIR $474,500 4 3 2485 DETACHD
13852 SHIREVA DR $550,000 5 3 2664 DETACHD
4848 Lower DR $624,900 4 3 2548 DETACHD
17455 BROOKHURST DR $648,950 4 2.1 2884 DETACHD
17890 ROYCE WAY $664,000 5 3 3134 DETACHD
4657 DOGWOOD DR $889,000 4 4 3890 DETACHD
17519 BROOKHURST DR $895,000 4 4 3758 DETACHD
4255 CHAD DR $899,900 4 3.1 3853 DETACHD
18711 WESTVIEW DR $995,000 4 3.1 3591 DETACHD
183 FURNACE ST/Ground $1,000,000 2 2.1 2126 CONDO
2371 PALISADES CREST DR $1,198,000 4 3 4270 DETACHD
13707 FIELDING RD $1,250,000 3 3 3184 DETACHD
1644 LAKE FRONT RD $1,295,000 4 4 3866 DETACHD
149 FURNACE ST #25 $1,795,000 3 3.1 4784 CONDO
129 FURNACE ST/Upper $1,949,900 4 4.1 5772 CONDO
2575 SUMMIT DR $2,395,000 4 4.2 6185 DETACHD

PENDING SALES (Feb 8-14, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
205 CERVANTES/Ground $175,000 2 1.1 1216 CONDO 4
36 OSWEGO SMT $175,000 2 2 1140 CONDO 3
238 RIDGEWAY RD #16C $210,000 2 1 914 CONDO 2
5100 UPPER DR $349,900 1 1 956 DETACHD 41
59 GREENRIDGE CT $369,000 3 2.1 2004 ATTACHD 19
13680 SHIREVA DR $448,900 3 2 1504 DETACHD 120
13716 REGENCY CT $499,900 3 2.1 2110 DETACHD 5
741 BRIERCLIFF LN $519,000 4 3 2765 DETACHD 39
8 GERSHWIN CT $525,000 4 3.1 3022 DETACHD 3
1430 LARCH ST $529,000 3 3 2279 DETACHD 48
40 DA VINCI ST $535,000 4 2.1 2476 DETACHD 3
116 MIDDLECREST RD $564,888 3 3 2506 DETACHD 32
149 MIDDLECREST RD $575,000 2 2 2302 DETACHD 256
37 DA VINCI ST $649,900 4 2.1 2152 DETACHD 147
1921 GLENMORRIE LN $658,000 4 3 2375 DETACHD 32
2979 RIVENDELL RD $689,900 4 2.1 2729 DETACHD 3
17 EL GRECO ST $694,900 5 2.1 3060 DETACHD 3
18217 DELENKA LN $749,500 4 3 4166 DETACHD 30
5051 LAKEVIEW BLVD $949,800 4 3.1 3355 DETACHD 146
13900 GOODALL RD $1,429,000 4 3.1 4212 DETACHD 28

SOLD  (Feb 8-14, 2016)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY #54 $154,900 $124,900 1 1 841 CONDO 97
15938 QUARRY RD 3A $169,900 $164,511 2 1 988 CONDO 17
4000 CARMAN DR #62 $163,350 $176,000 2 2 999 CONDO 8
235 Cervantes/Upper $329,000 $289,000 2 2 1100 CONDO 120
1248 OAK ST $325,000 $312,500 2 1 900 DETACHD 69
454 5TH ST $323,000 $323,000 2 1.1 1092 CONDO 28
6355 SW DAWN ST $345,900 $345,900 3 2 1268 DETACHD 18
6140 BURMA RD $419,000 $390,000 5 2 1656 DETACHD 75
5475 BONITA RD $550,000 $500,000 3 2 1904 DETACHD 146
524 COUNTRY CLUB RD $549,900 $555,000 2 2 2168 DETACHD 26
15655 FIELDSTONE DR $710,000 $695,000 3 2.1 2750 DETACHD 6
5218 WESTFIELD CT $775,000 $775,000 4 2.1 3107 DETACHD 5
4845 UPPER DR $849,000 $785,000 4 3 2852 DETACHD 124
990 TERRACE DR $1,075,000 $1,000,000 4 2.1 3740 DETACHD 186
14 DOVER WAY $1,099,000 $1,045,000 5 3.1 4593 DETACHD 297
886 9TH ST $1,150,000 $1,150,000 2 2.1 2842 DETACHD 0

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

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Market Activity Report Feb 01 – 07, 2016

Hello Everybody!

This week as I was doing the market activity report I thought about what my mother, Dianne Gregoire, had pointed out to me a week before: that there are not many condos available in Lake Oswego right now, or at least it seems this way. As I was doing the report I made a mental note to actually count out the condos that where available, then those that where pending and sold. Turns out she was right: there are only two condos available within the week of 01-07, then one pending, and one that has closed. How weird! Maybe that means we have a lot of condo owners that are happy where they are (I mean can you blame them, Lake Oswego is a pretty wonderful place to live!)

This week we have 9 new listings, 19 pending homes, and 11 sold properties.

Following is the breakdown for you according to RMLS:

New on the Market (Feb 01-07, 2016)

Address Type Price Bedrooms Bathrooms Sqft
4 TOUCHESTONE #155 CONDO 189,900 3 2.5 1351
16913 CANAL CIR DETACHED 599,000 3 2 2525
17126 HOFFER CT DETACHED 668,000 3 3 2541
17742 MARYLCREEK DR DETACHED 780,000 4 2.5 3288
17540 RIDGEVIEW LN DETACHED 1,195,000 4 3.5 4345
4018 COHO LN DETACHED 1,199,000 4 4.5 5128
2445 GLENMORRIE DR DETACHED 1,295,000 5 5 5106
1973 CHERYL CT DETACHED 1,899,000 5 4.5 6436

Pending Sales (Feb 01-07, 2016)

Address Type Price Bedroom Bathrooms DOM
31 CRESTFIELD CT CONDO 184,500 2 2 2
1755 KILKENNY RD DETACHED 300,000 3 1 146
4305 SILVER CT ATTACHED 339,000 3 2.5 7
4333 WOODSIDE CIR ATTACHED 349,000 3 2 69
16309 LAKE FOREST BLVD DETACHED 369,900 3 2 120
15948 QUARRY RD DETACHED 400,000 3 1 227
1720 YARMOUTH CIR DETACHED 422,800 3 2.5 73
510 2ND ST ATTACHED 435,000 2 1.5 0
9 ORIOLE LN DETACHED 439,000 3 3 81
14850 TWIN FIR RD DETACHED 439,900 4 3 2
15585 PARTRIDGE DR DETACHED 519,000 4 2.5 182
736 EVERGREEN RD DETACHED 549,000 3 2 84
2 CREEKSIDE TER DETACHED 549,900 5 2.5 44
5124 LAKEVIEW BLVD DETACHED 579,000 4 3 126
14221 DOLPH CT DETACHED 598,000 3 2.5 23
72 NANSEN SUMMIT DETACHED 849,000 4 3 140
670 IRON MOUNTAIN BLVD DETACHED 1,595,000 4 3.5 72
1933 HIGHLANDS LOOP DETACHED 2,750,000 4 3.5 187

Sold/Closed  (Feb 01-07, 2016)

Address Type List Price Close Price Sqft DOM
4634 LOWER DR CONDO 139,900 139,900 1260 4
48 EAGLE CREST DR 5E CONDO 205,000 197,000 1443 16
5849 FERNBROOK CIR DETACHED 419,500 421,000 1239 3
4331 LORDS LN DETACHED 509,000 452,500 2320 89
14356 HOLLY SPRINGS RD DETACHED 510,000 475,000 1939 60
9 FALSTAFF ST DETACHED 509,000 485,000 2436 105
6402 FROST ST DETACHED 499,900 499,000 2800 0
5554 ROYAL OAKS DR DETACHED 525,000 520,000 1861 262
19365 35TH CT DETACHED 579,500 598,000 2484 6
3820 SOUTHSHORE BLVD DETACHED 1,098,888 1,055,000 4855 158
17265 LAKE HAVEN DR DETACHED 1,429,000 1,495,000 3911 672

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 Snap Shot

l-lake-oswego-mansionIn a recent conversation with another Realtor here in Lake Oswego the comment was made “aren’t there any houses in Lake Oswego under a million dollars!”. It got me thinking about the fact that it’s been awhile since I did my affordability comparison with Sellwood in SE Portland. It also got me wondering about all the houses in Lake Oswego that are priced at a million dollars or greater. How many are there and are they selling?

I ran these numbers on February 1st and in 5 days time they will of changed, but it will give all of us a snap shot of current inventory and current activity.

There are currently 124 detached houses for sale. Of those, 56 are priced at a million dollars or greater. That means that million dollar properties make up 45% of the current inventory. I wanted to know how many million dollar homes had sold in the last six months. I decided if I was going to do it with the expensive houses I would also do it with the less expensive houses. Below you will find the results of my research:

Type Value Range # Active # Pending # Sold/6 Months # Month’s Inventory
Detached $100,000-$400,000 6 13 52 3 weeks
$400,001-$600,000 21 26 106 5 weeks
$600,001-$800,000 28 19 77 2 months
$800,001-$1,000,000 14 9 43 2 months
$1,000,001-$1,500,000 28 13 32 5 months
$1,500,001-$2,000,000 13 3 16 5 months
$2,000,001-$3,000,000 7 0 8 5 months
$3,000,001-$5,000,000 4 2 2 12 months
$5,000,001-$20,000,000 3 0 0 unknown
Attached All Price Ranges 6 6 27 5 weeks
Condos All Price Ranges 3 20 103 1 week

So the answer to my question is that while there are a lot of million dollar houses, they are selling quite well. The far right column shows you that based upon how many have sold in the last 6 months, how many months it will take to sell what is currently on the market. The less expensive homes are selling in just weeks.

The real shocker in this, to me, is what has happened to the condos. I have never in 28 years of selling real estate seen the condo inventory so low. In my experience there always seems to be a bit of a glut of condos available. Last summer there were many and some complexes had so much inventory that they just languished on the market. So what happened? Many complexes that were involved in litigation and special assessments have put that behind them and are now more stable and more financially healthy. The foreclosures and shortsales are pretty much gone (there may be a few hold outs yet to appear), but mostly I think it’s because first time home buyers are back in the game. The millenials have had a hard time getting established in good jobs, but it is happening and they are buying homes. If you own a condo in Lake Oswego, it is likely going up in value.

Lake Oswego vs Sellwood
I started doing this comparison between LO and Sellwood (a neighborhood in SE Portland) because I have long felt that thinking of Lake Oswego as a strictly rich community is unfair. I think there are a fairly broad range of households and that you can find affordable housing in Lake Oswego. I used Sellwood for the comparison because it is where I moved from when I came to Lake Oswego 18 years ago. I used to do this comparison about once a year, but I don’t think I’ve done it for quite a long time. So hear it is. My definition is based upon a detached home that is priced at $400,000 or less. In Lake Oswego there are currently 6. In Sellwood there is currently 1. So it continues to hold true that there are more “affordable” houses in Lake Oswego than there are in Sellwood. This has been the case every time I have done this exercise. But the take away is “only 6”?! and “only 1”?! Our property values have gone up so much that I’m not sure I can use the $400,000 price cap any more, in either area.

Most expensive and least expensive
The last part of this review is that I want to give you an idea of the least and most expensive detached house value in Lake Oswego. The least expensive house is offered at $320,000. It was built in 1964 and has 3 bedrooms and 1 bath, and 924 square feet. It’s on a .24 acre lot, needs a lot of updating, and is on a septic system. The most expensive house is offered at $15,000,000. It was built in 2006. It has 5 bedrooms, 6 full baths and 3 half baths. It has an elevator, a media room, a game room, a workout room, and more. It has 13,462 square feet. It sits on .66 of an acre that happens to be lake front along the North shore. It has also been on and off of the market for the past 4 years.

I hope you found this both interesting and helpful. Feel free to call if you have any questions. Linda, Whitney and I are always here to help.
Dianne