Tag: COVID 19

Things are really holding very steady. Last week in Lake Oswego, 10 New properties entered the market, 18 moved to Pending status, and 10 were “Closed”/Sold. We also have 217 homes for sale here, right now.

Following is the breakdown for you according to RMLS:

NEW on Mkt (April 27-May 3, 2020)

Address	List Price	# Beds	# Baths	Total SF	Prop Type
6073 HARRINGTON AVE	$448,000	2	1	1050	DETACHD
16229 Lake Forest BLVD	$549,900	4	3	2094	DETACHD
14183 TAYLORS CREST LN	$796,000	4	2.1	3551	DETACHD
16495 GLENWOOD CT	$1,195,000	5	3.1	4533	DETACHD
3125 ALBER SPRING CT	$1,198,000	4	3.1	4308	DETACHD
1225 LAKE GARDEN CT	$1,295,000	4	3.2	3558	DETACHD
16364 IVY LN	$1,595,950	5	3.1	4862	DETACHD
16621 GRAEF CIR	$1,700,000	2	3.1	2506	DETACHD
14005 GOODALL RD	$1,800,000	4	3.1	4809	DETACHD
3358 LAKEVIEW BLVD	$4,485,000	5	4	5133	DETACHD

PENDING SALES (April 27-May 3, 2020)

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
3956 CARMAN DR	$299,990	2	2.1	1107	CONDO	63
12888 BOONES FERRY RD	$415,000	2	2.1	1182	CONDO	44
15 SUMMIT RIDGE CT	$419,960	2	2.1	1750	ATTACHD	42
1485 GREENTREE CIR	$565,000	4	3.1	2440	DETACHD	3
19026 ARROWWOOD AVE	$572,000	3	2	1850	DETACHD	3
4900 INDIAN CREEK CT	$599,900	4	3	2124	DETACHD	33
16885 SW Denney CT	$600,000	3	2	1712	DETACHD	26
4007 BASS LN	$699,000	4	3	2648	DETACHD	14
620 1ST ST	$750,000	3	3.1	1916	ATTACHD	34
4208 ALBERT CIR	$790,000	5	3	2777	DETACHD	11
2152 WEMBLEY PL	$799,000	4	3	2854	DETACHD	2
960 BULLOCK ST	$849,900	3	2	3062	DETACHD	11
3996 TEMPEST DR	$849,900	4	2.2	3397	DETACHD	5
5015 DENTON DR	$950,000	4	2.1	3131	DETACHD	32
1666 LAKE FRONT RD	$1,375,000	4	3	3312	DETACHD	54
718 3RD ST	$1,590,000	4	2	3759	DETACHD	1
1646 LESLIE LN	$1,868,000	4	4.1	4879	DETACHD	28
18404 OLD RIVER LNDG	$2,098,000	4	4	4295	DETACHD	17

SOLD (April 27-May 3, 2020)

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
66 GALEN ST / Upper	$179,900	$175,400	1	1	690	CONDO	39
15490 BRIANNE CT	$329,900	$329,900	2	2.1	1250	ATTACHD	5
102 GREENRIDGE CT	$424,000	$424,000	3	2.1	2004	ATTACHD	197
731 CLARA CT	$629,000	$629,000	4	2.1	2700	DETACHD	1
4595 HASTINGS PL	$703,000	$695,000	4	2.1	2178	DETACHD	3
700 PEBBLE BEACH CT	$850,000	$870,000	4	2	2527	DETACHD	2
5331 W SUNSET DR	$960,500	$925,000	3	3.1	3606	DETACHD	137
2397 HILLSIDE LN	$925,000	$925,000	5	3	3158	DETACHD	0
17084 CANAL CIR	$1,850,000	$1,685,000	5	3.1	5104	DETACHD	68
1350 Andrews RD	$2,150,000	$1,800,000	3	3.1	3377	DETACHD	530

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.

Here is your look at the most recent data for the entire Portland area (March 2020) and how Lake Oswego fits in to this picture just below.

Inventory remains low and so basically, we have a housing shortage going on right now. Mortgage Rates are at 3.3% as of this writing. For the most part, Portland Real Estate is holding steady with prices improving and New Listings and Closed Sales, for instance up right around 25% from last month along with  Areas in & around Gresham, Oregon City, Milwaukie/Clackamas, & Hillsboro, are still the strongest as far as Appreciation goes.

According to the RMLS Market Action Report for the Portland Metro Area, March 2020:

• There were 3,468  New Listings in March 2020 which decreased 1.0%  from March of 2019’s 3,504, and also increased significantly- up 25% from the previous month/February’s 2,759.
• At 2,536, March 2020’s Closed Sales rose 7.9% over March 2019’s 2,183, but are up a whopping 24.2% from the previous month/February 2020’s total of 1,897.
• At 2,347, March 2020’s Pending Sales are down 14.3% from March 2019’s 2,738, and also fell 9.7% from the previous month/February 2020’s total of 2,598.
• The Average Sale Price in March 2020 of $465,500 is up $17,600 from last year/March 2019’s $447,900, and also up $7,600 from the previous month/February 2020’s $457,900.  
• The “Median” Sale Price (the price smack dab in the middle of all sales) in March 2020 of $425,000 rose from last year/March 2019’s $399,000 by $26,000, and is also up $18,000 from the previous month/February 2020’s $407,000.   

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

• North Portland:  $441,300              1.3%   (Feb $407,900)
  •                                                     YTD Median: $405,000
• NE Portland:  $470,500                   3.3%   (Feb $482,200)
  •                                                     YTD Median: $420,000
• SE Portland:  $442,600                   1.1%   (Feb $424,700)
  •                                                     YTD Median: $380,000
• Gresham/Troutdale:   $355,000     4.7%   (Feb $376,600)
  •                                                     YTD Median: $356,000
• Milwaukie/Clackamas:  $466,100  4.9%   (Feb $443,700 )
  •                                                     YTD Median: $425,000
• Oregon City/Canby:   $447,000      3.8%   (Feb $448,600)
  •                                                     YTD Median: $430,000
• Lake Oswego/West Linn:$687,400  2.7%  (Feb $705,100)
  •                                                      YTD Median: $586,000
• West Portland:    $580,400             -1.5%  (Feb $581,600 )
  •                                                     YTD Median: $512,000
• NW Wash County:  $544,200          0.1%   (Feb $510,400)
  •                                                      YTD Median: $475,000
• Beaverton/Aloha:     $445,100       3.0%   (Feb $412,800)
  •                                                     YTD Median: $410,000
• Tigard/Wilsonville:   $487,200        1.7%   (Feb $485,600)
  •                                                      YTD Median: $460,000
• Hillsboro/Forest Grove: $406,900  5.8%   (Feb $414,200)
  •                                                      YTD Median: $391,000

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of February 2020 reported:

• •  305 Active Listings (Feb 226)
  •  183 New Listings     (Feb 151)
  •   87 Pending Sales    (Feb 119)
  •  103 Closed Sales      (Feb  72)
  • Average Sale Price for February: $687,400  (Feb $705,100)
    • 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.
  •  106 Average Days on the Market   (Feb 86)

 

Last week in Lake Oswego, 13 New properties entered the market, 8 moved to Pending status, and 14 were “Closed”/Sold. We also have 211 homes for sale here, right now.

Following is the breakdown for you according to RMLS:

NEW on Mkt (April 13-19, 2020)

Address	List Price	# Beds	# Baths	Total SF	Prop Type
100 KERR PKWY#3	$210,000	2	2	823	CONDO
47 OSWEGO SMT / Main	$249,900	2	2	1212	CONDO
45 EAGLE CREST DR #401	$285,000	3	2	1348	CONDO
4340 BOTTICELLI ST	$399,999	3	3.1	2285	CONDO
17200 ROBB PL	$610,000	3	2.1	2206	DETACHD
4007 BASS LN	$699,000	4	3	2648	DETACHD
19 MONTICELLO DR	$729,988	6	3	3537	DETACHD
10 BUCKINGHAM TER	$759,900	4	3	3763	DETACHD
4208 ALBERT CIR	$790,000	5	3	2777	DETACHD
960 BULLOCK ST	$849,900	3	2	3062	DETACHD
4405 SUNDEW CT	$850,000	5	3.1	4535	DETACHD
800 TERRACE DR	$1,559,000	5	4.1	5359	DETACHD
18008 GREENBLUFF DR	$1,849,000	3	3.1	4402	DETACHD

PENDING SALES (April 13-19, 2020)

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
4 TOUCHSTONE #94	$145,900	3	2.1	1351	CONDO	198
18357 HEATHER ANN CT	$560,000	3	2	1832	DETACHD	1
16212 SW KIMBALL ST	$599,000	4	2.1	1844	DETACHD	4
1448 CEDAR ST	$615,000	4	3	2544	DETACHD	244
2103 RIDGEWOOD RD	$660,000	4	2	1650	DETACHD	83
4092 COLTSFOOT LN	$750,000	4	3	2405	DETACHD	3
5745 Washington CT	$1,149,000	4	3.1	2841	DETACHD
1350 Andrews RD	$2,150,000	3	3.1	3377	DETACHD	530

SOLD (April 13-19, 2020)

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
6207 HARRINGTON AVE	$389,000	$389,500	3	1	960	DETACHD	11
15003 TWIN FIR RD	$492,000	$470,000	2	1	984	DETACHD	88
1611 LEE ST	$589,900	$599,900	3	2.1	2539	DETACHD	58
3745 DIVISION CT	$599,900	$615,000	3	2	1390	DETACHD	3
1640 WOODLAND TER	$619,900	$627,500	4	3	2398	DETACHD	6
1 PREAKNESS CT	$645,000	$635,000	4	3	2373	DETACHD	6
17200 CANAL CIR	$665,000	$665,000	3	1.1	1774	DETACHD	6
1925 MAPLELEAF CT	$750,000	$750,000	4	2.1	2096	DETACHD	0
22 DOVER WAY	$900,000	$900,000	4	2.1	3335	DETACHD	0
533 WEIDMAN CT	$992,500	$980,000	5	3.1	4092	DETACHD	122
1259 LAKE GARDEN CT	$1,099,000	$997,750	4	3	2263	DETACHD	0
13845 AMBERWOOD CIR	$1,089,000	$1,100,000	4	3	3283	DETACHD	3
17614 BLUE HERON RD	$1,239,000	$1,239,000	4	3	3320	DETACHD	2
467 9TH ST	$1,385,000	$1,285,000	3	2.1	2979	DETACHD	54

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.

I thought I’d look at the same approx week last year and see what the stats looked like. Here is the summary:  “Last week 29 New properties entered the market, 16 moved to Pending status, and 15 were “Closed”/Sold. There are a total of 237 homes for sale in Lake Oswego right now.”

THIS year/Last week in Lake Oswego, 15 New properties entered the market, 7 moved to Pending status, and 11 were “Closed”/Sold. We also have 211 homes for sale here, right now.

What this tells me is that people were slowed-down on making Offers last week, but properties are still hitting the market, inventory is about the same albeit a little under last year, and the number of sales is pretty close to what it was a year ago. Basically… I get the feeling that people are rightly spooked about the health crisis, but are taking extreme precautions and at the same time not letting that stop them from carrying on with their dreams inasmuch as selling or buying is the vehicle to that dream.

Dianne and I are here for virtual consulting appointments if you’ve been thinking about exploring a life change adventure in Lake Oswego! Interest rates are looking really good, and there are lots of properties out there.

We’re all going to come out on the other side of this if we’re staying safe and moving carefully… step by step. We can help.

Following is the breakdown for you according to RMLS:

NEW on Mkt (March 30-April 5, 2020)

Address	List Price	# Beds	# Baths	Total SF	Prop Type
16250 PACIFIC HWY #80	$239,000	1	1	841	CONDO
4324 BOTTICELLI ST	$359,000	2	2.1	2260	CONDO
6050 FERNBROOK ST	$434,900	4	2	1546	DETACHD
16675 BONAIRE AVE	$450,000	3	1	1020	DETACHD
16885 SW Denney CT	$625,000	3	2	1712	DETACHD
6438 Frost ST	$625,000	4	2.1	2269	DETACHD
4262 COBB WAY	$629,950	3	2	1618	DETACHD
184 D AVE	$665,000	3	2.1	1636	ATTACHD
13841 VERTE CT	$699,900	5	3	2341	DETACHD
10 OTHELLO ST	$825,000	5	3	3600	DETACHD
5623 BAY CREEK DR	$845,000	5	2.1	3042	DETACHD
5015 DENTON DR	$950,000	3	2.1	3131	DETACHD
1103 C AVE	$1,639,000	4	3.1	3530	DETACHD
1646 LESLIE LN	$1,868,000	4	4.1	4879	DETACHD
931 ATWATER RD	$2,695,000	4	4.1	5059	DETACHD

PENDING SALES (March 30-April 5, 2020)

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
1664 BONNIEBRAE DR/Grnd	$359,000	3	1.1	1303	CONDO	1
16910 TRACY AVE	$450,000	3	2	1176	DETACHD	2
1285 Oak TER	$600,000	3	2	1421	DETACHD	23
3721 TEMPEST DR	$615,000	4	2.1	2572	DETACHD	4
4799 LAMONT WAY	$925,000	3	2.1	3142	DETACHD	1
8 DOVER WAY	$1,299,000	6	4.2	6093	DETACHD	130
17084 CANAL CIR	$1,850,000	5	3.1	5104	DETACHD	68

SOLD (March 30-April 5, 2020)

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
18660 DON LEE WAY	$450,000	$440,000	3	1	966	DETACHD	0
5135 Tualata LN	$525,000	$535,000	4	2	1534	DETACHD	4
17721 Arbor LN	$589,900	$589,900	3	2	1521	DETACHD	2
15213 CANDLEWOOD CT	$700,000	$685,000	4	2.1	2670	DETACHD	13
17896 KELOK RD	$859,000	$792,500	6	6	4093	DETACHD	212
1317 LAUREL ST	$899,900	$899,900	4	2.1	2259	DETACHD	6
4070 VIRGINIA WAY	$915,000	$940,000	3	2.1	3501	DETACHD	2
17525 CHERRY CT	$119,900	$1,080,000	5	3.1	4559	DETACHD	311
401 9TH ST	$1,299,000	$1,299,000	4	3.1	4288	DETACHD	21
12812 GOODALL RD	$1,895,000	$1,760,000	4	4.1	4808	DETACHD	283
2493 SOUTHSHORE BLVD	$3,599,000	$2,947,000	5	5.1	7112	DETACHD	311

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.