Market Activity Sept 12-18, 2016

I love the change of seasons! All of the color in the trees and the crisp air first thing in the morning. It is really beautiful. Homes show well at this time of year as people anticipate the coming holidays. This encourages real estate activity. So while things have begun to slow down, the market is still extremely active. We had 16 homes come onto the market in Lake Oswego last week as new listings, 29 houses go into pending status, and 12 sales that closed.

Following is the breakdown for you according to RMLS:

New on the Market (Sept 12-18, 2016)

Address Type Price BR Baths Sq Ft
100 Kerr Pkwy #44 Condo $154,500 2 1.5 823
131 Oswego Summit Condo $205,000 2 2 1212
3433 McNary Pkwy #306 Condo $229,900 3 2 1344
5050 Lower Dr Detached $319,000 2 1 1375
4681 Trillium Woods Attached $595,000 3 2.5 2185
37 Hillshire Dr Detached $619,000 4 3 2809
1004 Cumberland Pl Detached $679,000 5 2 3313
5656 La Mesa Ct Detached $729,950 4 3 2748
2060 Ridge Pointe Dr Detached $799,000 5 2.5 4120
286 D Ave Attached $799,900 3 2.5 2302
154 Berwick Rd Detached $825,000 5 3.5 2880
545 Evergreen Rd Detached $829,900 3 3.5 2182
14215 Bridge Ct Detached $910,000 4 2.5 3468
3938 Edens Edge Dr Detached $1,024,999 4 3,5 3882
12819 Alto Park Rd Detached $1,199,900 4 4.5 4102
13648 Goodall Rd Detached $1,795,000 4 4.5+.5 5288

Pending Sales (Sept 12-18, 2016)

Address Type Price BR Baths Sq Ft CDOM
47 Eagle Crest Dr #35 Condo $149,900 2 1 932 6
86 Kingsgate Rd E204 Condo $165,000 2 2 938 4
76 Galen St #76 Condo $199,900 2 2 989 6
76 Oswego Summit Condo $199,900 2 2 1212 43
668 McVey Ave #64 Condo $279,900 1 1 636 60
67 Greenridge Ct Attached $355,000 3 2.5 2000 41
15711 Boones Way Detached $499,000 3 2 1973 25
261 Ash St Detached $499,900 3 2 1788 10
17 Laurel St Detached $565,000 3 1.5 3096 88
1920 Park Forest Ave Detached $575,000 3 3 2679 32
19134 Terry Ave Detached $575,000 4 2 2557 7
1590 Larch St Detached $599,000 5 2.5 2836 66
1837 Cedar Ct Detached $629,000 5 3 2625 92
19 El Greco St Detached $649,000 4 3 3030 71
13551 Southwood Ct Detached $699,900 4 2.5 3115 86
3180 Westview Circle Detached $749,000 3 2.5 2787 82
17572 Shephards Ct Detached $859,000 4 3 2983 69
2527 Palisades Crest Dr Detached $895,000 3 2.5 3738 86
13017 Knaus Rd Detached $1,075,000 4 3.5 4690 89
834 6th St Detached $1,099,900 4 2.5 2679 63
683 5th St Attached $1,178,000 4 3 2811 0
14530 Uplands Dr Detached $1,230,000 4 3.5 4080 15
19371 Riverwood Ln Detached $1,300,000 4 4.5 5034 4
462 9th St Detached $1,390,000 5 3.5 4377 27
14365 Twin Fir Rd Detached $1,439,000 4 3.5 4574 110
1814 Highlands Loop Detached $1,700,000 3 4.5 5635 224
333 Northshore Rd Detached $3,597,500 4 4.5 5150 28
1865 Palisades Terrace Dr Detached $6,900,000 4 5.5+.5+.5 8800 723

Sold/Closed (Sept 12-18, 2016)

Address Type List Price Sold Price Sq Ft CDOM
343 5TH St #3 Condo $249,000 $239,000 910 27
1543 Bonniebrae Dr Attached $295,000 $280,000 1,303 22
5060 Foothills Dr #96 Condo $305,000 $305,000 1,252 2
15422 Partridge Dr Detached $500,000 $465,000 1872 17
4050 Virginia Way Detached $524,500 $524,500 1344 1
700 Briarcliff Ln Detached $549,900 $525,000 2132 41
17486 Cardinal Dr Detached $575,000 $550,000 2327 14
49 Hillshire Dr Detached $699,900 $610,000 4,268 48
727 Laurel St Detached $875,000 $775,000 2924 84
5955 Sunbrook Dr Detached $780,000 $780,000 3110 2
13197 Thoma Rd Detached $1,495,000 $1,452,500 3560 348
2575 Summit Dr Detached $2,395,000 $2,250,000 6185 151

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.

News & Notes ~ August 2016

Here are the latest/August numbers for the entire Portland area:

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

  • There were 4,203 New Listings in August which was down 3.9% from July, and up 8.3% from August of 2015.
  • At 3,001, August Closed Sales were up 8.1% from July’s 2,776, and down 3.1% from August of 2015’s 3,098.
  • August Pending Sales (Accepted Offers), at 3,325 were up  0.7% from July’s 3,302, and were also  0.7% lower than August of 2015’s 3,347.
  • The Average Sale Price in August of $400,100 was down $7,000 from July’s $407,100, and also up around $35,500 from August of 2015’s $364,600. 

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

    •  452 Active Listings (July/410)
    •  229 New Listings    (July/288)
    •  162 Pending Sales  (July/189)
    •  166 Closed Sales     (July/165)
    • Average Sale Price for August: $619,600   (July/ $650,200)
      • 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: 59 Days  (July /45)

Market Activity ~ Sept 5-11, 2016

Last week we saw 13 New properties enter the market, 12 move to Pending status, and 13 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Sept 5-11, 2016)

Address List Price # Beds # Baths Total SF Prop Type
86 KINGSGATE RD #i204 $159,000 2 2 840 CONDO
4 TOUCHSTONE #140 $185,000 3 2.1 1351 CONDO
76 GALEN ST #76 $199,900 2 2 989 CONDO
16250 PACIFIC HWY #43 $255,000 2 2 1311 CONDO
16724 ROOSEVELT AVE $379,995 3 1.1 1270 DETACHD
31 GREENRIDGE CT $449,000 3 2.1 2002 ATTACHD
15450 KIMBALL CT $475,000 4 2 1544 DETACHD
7 SCARBOROUGH DR $754,900 4 2.1 3367 DETACHD
4265 ALBERT CIR $826,600 5 3.1 3022 DETACHD
4635 DOGWOOD DR $950,000 4 3 4327 DETACHD
716 LAKE SHORE RD $999,000 3 2 1860 DETACHD
18840 HILL TOP RD $1,195,000 3 3.1 4216 DETACHD
19371 RIVERWOOD LN $1,300,000 4 4.1 5034 DETACHD

PENDING SALES (Sept 5-11, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4619 LAKEVIEW BLVD #Grnd $119,000 1 1 753 CONDO 30
354 CERVANTES CIR #1C $158,000 2 1.1 912 CONDO 9
94 GREENRIDGE CT $369,000 3 2 1752 ATTACHD 6
17 ORIOLE LN $425,000 3 2.1 1800 DETACHD 3
6423 FROST ST $539,000 3 2.1 2548 DETACHD 304
950 LAKE FRONT RD $549,900 4 2.1 2112 DETACHD 34
5267 LAKEVIEW BLVD $879,900 4 3.1 3454 DETACHD 29
2639 PALISADES CREST DR $948,000 5 4.1 5615 DETACHD 7
13079 AMBER PL $948,000 5 3 3200 DETACHD 165
14112 HEATHROW LN $1,149,000 5 3.1 4828 DETACHD 133
1666 LAKE FRONT RD $1,279,000 4 3 3183 DETACHD 27
610 4TH ST $1,575,000 4 2.1 3394 DETACHD 31

SOLD (Sept 5-11, 2016)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
14 OSWEGO SMT $165,000 $180,000 1 1 764 CONDO 6
12824 SW BOONES FERRY RD $314,999 $300,000 2 2.1 1398 ATTACHD 7
3765 LANEWOOD ST $395,000 $405,000 3 2 1482 DETACHD 3
668 MCVEY AVE #52 $450,000 $448,000 3 1.1 992 CONDO 116
4951 BILFORD LN $469,000 $485,000 2 2 1823 DETACHD 4
653 3RD ST $575,000 $520,000 3 2 1270 DETACHD 95
14 WALKING WOODS DR $550,000 $536,000 4 3 2930 DETACHD 32
2063 RIDGEWOOD RD $699,000 $670,000 4 2.1 2532 DETACHD 28
2329 STONEHURST CT $825,000 $785,000 4 3 3622 DETACHD 23
3600 SOUTHSHORE BLVD $995,000 $1,000,000 3 2.1 2117 DETACHD 5
729 3RD ST $1,061,110 $1,052,208 3 3 2748 DETACHD 0
3119 WEMBLEY PARK RD $1,100,000 $1,100,000 4 3.1 3633 DETACHD 1
877 9TH ST $1,150,000 $1,150,000 3 2.1 2762 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.

Market Activity Aug 22-28, 2016

We had a bit of a dip in new listings last week with just 11 properties coming onto the market. That, along with the Labor Day weekend and the start of school, really makes me feel like summer is winding down. Pending sales as well as closed sales held steady with 22 houses going pending and 21 houses closed. Have a safe and happy holiday everyone!

Following is the breakdown for you according to RMLS:

New on the Market (Aug 22-28, 2016)

Address Type Price BR Baths Sq Ft
48 Eagle Crest Dr 2F Condo $279,900 3 2 1673
15711 Boones Way Detached $499,000 3 2 1973
625 10th St Detached $525,000 3 1.5 1128
4660 Wildwood St Detached $545,000 5 2 2412
1031 Oxford Dr Detached $559,900 3 2.5 2564
87 Tanglewood Dr Detached $575,000 4 3.5 2654
9 Spinosa Detached $595,000 2 2.5 2250
32 Wilbur St Condo $635,000 2 2.5 2671
16510 Maple Circle Detached $679,000 4 3 2295
8 Pimlico Terrace Detached $699,900 5 3 3120
4620 Dogwood Dr Detached $972,500 4 2.5 3613

Pending Sales (Aug 22-28, 2016)

Address Type Price BR Baths Sq Ft CDOM
47 Eagle Crest Dr #13 Condo $154,900 2 1 932 45
4000 Carman Dr #1 Condo $199,900 2 2 834 34
221 Cervantes Condo $265,000 2 2.5 1240 14
1543 Bonniebrae Dr Attached $287,500 3 1.5 1303 22
16443 Lake Forest Blvd Detached $395,000 3 2 1474 4
1248 Ash St Detached $399,950 2 1 1631 98
4291 Collins Way Detached $405,000 3 2 1482 5
4752 Rembrandt Detached $439,900 3 2.5 1655 3
17335 Ashley Ct Attached $455,000 4 3 2161 113
16287 Bonaire Ave Detached $495,000 4 3 2100 53
1935 Fernwood Dr Detached $495,900 4 3 2100 53
13142 Peters Rd Detached $499,900 4 2.5 2412 17
950 Lake Front Rd Detached $549,900 4 2.5 2112 21
510 Country Club Rd Detached $560,000 4 3 3274 105
5581 Yorkshire Pl Detached $585,000 4 2.5 3218 69
16 Independence Ave Detached $650,000 5 3 3979 65
4279 Albert Circle Detached $685,000 3 2.5 2768 45
5 Cellini Ct Detached $709,900 5 3.5 4659 178
17170 Wall St Detached $835,000 4 3.5 3446 12
1131 Northshore Rd Detached $1,249,000 4 3 3850 374
13197 Thoma Rd Detached $1,495,000 4 3 3560 348
980 Evergreen Rd Detached $2,280,000 4 5.5+.5 5644 90

Sold/Closed(Aug 22-28, 2016)

Address Type List Price Sold Price Sq Ft CDOM
47 Eagle Crest Dr #7 Condo $88,897 $90,000 932 92
366 Cervantes Cir 14C Condo $160,000 $160,000 832 2
3433 McNary Pkwy #304 Condo $205,000 $205,000 1,208 3
4000 Carman Dr #26 Condo $289,000 $210,000 836 3
45 Eagle Crest Dr #509 Condo $299,900 $285,000 1379 264
4341 Woodside Circle Condo $359,000 $360,000 1532 6
18610 Benfield Ave Detached $419,000 $432,100 1407 17
5895 Burma Rd Detached $459,900 $440,000 1,781 43
1710 Yarmouth Cir Detached $495,000 $485,500 1540 52
13379 Thoma Rd Detached $494,900 $526,000 2594 44
4951 Galen St Detached $589,900 $535,000 2543 52
4889 Hampton Ct Detached $543,000 $550,000 2206 4
22 Partridge Ln Detached $569,900 $574,900 3334 101
397 Livingood Ln Detached $590,000 $616,000 2631 2
5519 Bay Creek Dr Detached $784,900 $777,400 3415 14
15468 Boones Way Attached $800,000 $800,000 2432 44
5086 Hastings Ct Detached $849,900 $830,000 3255 18
4378 Albert Circle Detached $862,000 $862,000 3734 0
906 Cedar St Detached $950,000 $950,000 2829 247
1626 Englewood Dr Detached $1,450,000 $1,300,000 5690 14
17210 Cedar Rd Detached $1,875,000 $1,675,000 2813 165

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.

Market Activity ~ Aug 15-21, 2016

Last week we saw 19 New properties enter the market, 24 move to Pending status, and 16 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Aug 15-21, 2016)

Address List Price # Beds # Baths Total SF Prop Type
38 GREENRIDGE CT $365,000 3 2.1 1996 ATTACHD
4214 WOODSIDE CIR $369,000 3 2.1 1841 ATTACHD
35 BLOCH TER $400,000 3 2.1 1987 ATTACHD
4291 COLLINS WAY $405,000 3 2 1482 DETACHD
4752 REMBRANDT LN $439,900 3 2.1 1655 DETACHD
937 COUNTRY CLUB RD $524,900 3 1 1715 DETACHD
2565 BREE CT $639,900 3 2.1 2967 DETACHD
17225 GREENTREE AVE $695,000 4 3 2718 DETACHD
17465 UPPER CHERRY LN $695,000 4 3 3856 DETACHD
4164 MELISSA DR $759,000 4 2.1 2650 DETACHD
17700 LEAFY LN $779,500 4 2.1 3666 DETACHD
14867 TWIN FIR CT $799,000 5 3.1 3641 DETACHD
18171 BRYANT RD $799,000 3 0.2 2984 DETACHD
17867 SUNDOWN CT $849,900 3 3.1 2765 DETACHD
4176 UPPER DR $869,000 4 3 2938 DETACHD
515 10TH ST $1,200,000 3 2.1 2821 DETACHD
462 9TH ST $1,390,000 5 3.1 4377 DETACHD
333 NORTHSHORE RD $3,597,500 4 4.1 5150 DETACHD
919 WESTPOINT RD $4,600,000 4 4 4795 DETACHD

PENDING SALES (Aug 15-21, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4000 CARMAN DR #A10 $169,900 2 2 836 CONDO 5
169 OSWEGO SMT #169 $199,999 2 2 1383 CONDO 123
217 CERVANTES / Lower $219,000 2 1.1 1204 CONDO 9
219 CERVANTES $220,000 2 2 1100 CONDO 44
54 GALEN ST / Upper $229,900 2 2 995 CONDO 32
15460 BRIANNE CT $320,000 2 2.1 1250 ATTACHD 3
5228 BONITA RD $349,900 4 2.1 2200 DETACHD 3
5432 KENNY ST $379,900 3 1 1352 DETACHD 20
668 MCVEY AVE #52 $450,000 3 1.1 992 CONDO 116
2395 GREENTREE RD $539,000 4 2.1 2832 DETACHD 17
350 6TH ST $539,900 4 2 2304 DETACHD 36
1920 PARK FOREST AVE $575,000 3 3 2679 DETACHD 7
2600 PARK RD $624,900 3 3 2240 DETACHD 5
29 HILLSHIRE DR $799,000 3 2.1 4638 DETACHD 0
2329 STONEHURST CT $825,000 4 3 3622 DETACHD 23
1172 TROON RD $827,500 5 3.1 2504 DETACHD 103
17432 KELOK RD $1,025,000 3 2.1 2884 DETACHD 33
527 10TH ST $1,150,000 4 3.1 2677 DETACHD 62
721 7TH ST $1,249,000 4 3.1 4544 DETACHD 42
629 5TH ST $1,299,000 4 2.1 2985 DETACHD 53
13012 KNAUS RD $1,825,000 4 3.2 4796 DETACHD 49
12740 FIELDING RD $2,100,000 4 2.1 3453 DETACHD 111
12850 FIELDING RD $2,500,000 9 9.2 19444 DETACHD 25
1193 FAIRWAY RD $2,998,000 5 4.2 7028 DETACHD 987

SOLD (Aug 15-21, 2016)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
1774 RIDGECREST DR $125,000 $1,240,000 2 2 2053 DETACHD 6
79 OSWEGO Summit #79 $199,900 $200,000 2 2 1212 CONDO 3
1652 BONNIEBRAE DR $279,900 $257,000 3 1.1 1303 ATTACHD 11
5495 TREE ST $355,000 $355,000 3 1.1 1388 DETACHD 3
4841 SW DAWN ST $425,000 $435,000 3 2 1550 DETACHD 6
438 ASH ST $439,900 $450,000 4 3 2372 DETACHD 3
2132 GOODALL CT $566,500 $580,000 4 3 2577 DETACHD 4
5028 GREENSBOROUGH CT $569,900 $485,000 4 2.1 2358 DETACHD 43
6 WALKING WOODS DR $575,000 $550,000 4 2.1 2870 DETACHD 54
12140 ORCHARD HILL WAY $644,000 $645,000 4 2.1 3169 DETACHD 8
2 WALKING WOODS DR $649,900 $629,950 4 3 4116 DETACHD 76
3718 RIVERS EDGE DR $739,000 $739,000 4 2.1 2512 DETACHD 9
603 ATWATER RD $768,000 $750,000 5 3.1 3430 DETACHD 10
13596 STREAMSIDE DR $788,000 $740,000 4 2.1 3430 DETACHD 55
1175 CHERRY CIR $1,488,500 $1,275,000 6 4.1 6300 DETACHD 367
3130 DOUGLAS CIR $1,499,999 $1,499,999 4 3.1 3970 DETACHD 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.

2016 Street of Dreams

IMG_1061The Street of Dreams is held somewhere in the metro area each August. Sometimes it is worth the price of admission, and sometimes it is not. This year it is, in spades.

IMG_1070When I go to the Street of Dreams I am looking for very special homes. This is not supposed to be a showcase of average stuff. I am looking for design ideas that are new, fresh, and functional. The sorts of things that we will see here first and that gradually become available in more average new homes. I am also looking for luxury: high-end finishes, exteptional architectural design, and locations that warrant spending millions of dollars on a house.

I am going to admit that last year’s Street of Dreams in Lake Oswego was a bit of a let down. After a hot day touring the houses I felt a big humphhhhh. Several houses were quite grand, but the master closets were small, one house had a 2-car garage, and being in LO, well, the houses were like lots of houses in LO.

IMG_1073This years tour is in an exceptional location across the street from the Oregon Golf Club in West Linn. The lots are all about 2 acres with views of vineyards and Mt Hood. Gorgeous! The price tags are also up there at around $4,000,000. But what you get for this kind of money actually feels like a value in these houses.

First of all, there are no 2-car garages here. Each houses has at least 3 car garages and several have 4. The size of the homes is 7000+ square feet with space for families, guests, and yes, perhaps an au pair or servant.

My favorite house is the Delcetto. I love this house! Built by Elite Development, 2 women builders, it is fresh and new in so many ways. The windows look to all be custom made to resemble an industrial look like you would find an a loft in Manhattan. Yet the decor is also elegant and somewhat reflective of French Country. As you enter you cross a water feature over a small bridge. As you go through the house you get to revisit the water feature when you discover it ends in a water fall outside of a basement window that would otherwise be nothing but dirt and bushes. So surprising and so pretty! This is the kind of stuff I want to find at the Street of Dreams.

IMG_1071Here are some of my take aways that I think we will see come to more average new construction:

Fixtures and finishes for things like hinges and knobs are still primariy chrome and brushed nickel. I had heard that this was going away to be replaced by brushed brass, but it is not yet at the Street of Dreams, so the change is a ways away.

IMG_1075TVs and monitors are everywhere. That’s not particularly new, except that they are being incorporated into things like bathroom mirrors. Very cool.

Kitchen counter electrical outlets that pop up and then push down to be hidden away. Simple, probably not super expensive, practical, I think this one will make its way into many homes.

Water features and swimming pools are big. Several homes had full on swimming pools. The one I liked was a pool that was about the size of a big (and I mean big) hot tub. But it wasn’t hot. It was next to a lounging deck and clearly designed for cooling off with seating all of the way around so that a family or group of friends could sit in it together on a hot day. And, of course, there is the house with what they are calling a “moat” all of the way around. It’s about 12″ wide and does go around the house. It screamed to me “clog me with leaves and invite thirsty racoons”.

IMG_1068My last comment is about the most beautiful kitchen I have ever seen. The cooking island is literally so big that it included plenty of space for food prep, a breakfast bar, and a full on bench seating/table area. It sounds over the top, but the lines of the counter and cabinets, along with the large space of the room made it feel refined and elegant.

Did I mention the wine celler with a glass ceiling that you can look down into from the hallway above? This is the stuff that dreams really are made of.

So this year I say “Go”! It’s worth the price of admission.
Dianne

Market Activity Aug 1-7, 2016

We are having a rather perfect summer here in LO. Temperatures have been mostly mild, staying in the 70’s and 80’s, the free summer concert series is in full swing, and the boats are lined up on gorgeous summer evenings at the dock at Stickmen’s. Gotta enjoy every moment, including the real estate activity. Last week LO had 17 new listings, 15 houses go to pending status, and 20 closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (August 1-7, 2016)

Address Type Price BR Baths Sq Ft
100 Kerr Parkway #51 Condo $149,950 1 1 617
75 Galen St Condo $184,500 2 2 993
217 Cervantes Condo $219,000 2 1.5 1204
1543 Bonniebrae Attached $295,000 3 1.5 1303
4341 Woodside Circle Condo $359,000 3 2 1532
98 Greenridge Ct Attached $365,000 3 2.5 2000
4323 Lakeview Blvd Detached $499,000 4 2 1483
2395 Greentree Rd Detached $539,000 4 2.5 2832
950 Lake Front Rd Detached $549,000 4 2.5 2112
5051 W Sunset Dr Attached $550,000 2 2.5 1734
17821 Sundown Ct Detached $625,000 4 2.5 3368
10 Buckingham Terrace Detached $719,900 4 3 3428
19233 Indian Springs Rd Detached $789,000 4 4.5 3485
5435 Westfield Ct Detached $790,000 4 3 2796
1555 Country Commons Detached $1,399,000 3 2.5 4191
610 4th St Detached $1,600,000 3 2.5 3394
17979 Crestline Dr Detached $2,050,000 4 3 5905

Pending Sales (August 1-7, 2016)

Address Type Price BR Baths Sq Ft CDOM
44 Eagle Crest Dr #38 Condo $166,000 1 1 798 3
4314 Botticelli St Condo $334,950 3 3.5 2098 7
3765 Lanewood St Detached $395,000 3 2 1482 3
18851 Pilkington Rd Detached $399,000 3 2 1679 5
4231 Woodside Circle Condo $405,000 3 2 1943 22
16652 Bryant Rd Detached $440,000 2 2 2411 5
532 2nd St Condo $465,000 2 2.5 1395 14
534 2nd St Condo $469,000 2 2.5 1394 62
700 Briarcliff Ln Detached $529,900 3 3 2132 41
4962 Harvard Ct Detached $535,000 4 2.5 2522 42
17486 Cardinal Dr Detached $575,000 5 3 2327 14
18121 Pioneer Ct Detached $648,000 4 2.5 2310 41
49 Hillshire Dr Detached $672,500 4 2.5+.5 4268 48
15985 Bonaire Ave Detached $835,000 3 2.5 2910 0
151 Berwick Rd Detached $999,500 4 3 4387 37

Sold/Closed (August 1-7, 2016)

Address Type List Price Sold Price Sq Ft CDOM
42 Cervantes Circle Condo $155,000 $157,000 912 5
3940 Carman Dr Condo $229,900 $229,900 1,132 13
24 Condolea Dr Condo $275,000 $303,000 1,448 5
2255 Greentree Rd Detached $450,000 $412,500 2309 14
1190 Oak Terrace Detached $460,000 $420,000 1534 11
1160 Oak Terrace Detached $450,000 $420,000 1654 7
17470 Hill Way Detached $398,000 $430,000 1561 4
17312 Chapin Way Detached $559,000 $591,000 1,854 5
12870 Elk Rock Rd Detached $950,000 $785,000 2742 310
2023 Ridgewood Rd Detached $878,000 $820,000 4340 115
5321 Carman Grove Ln Detached $800,000 $824,000 2824 0
17981 Meadowlark Ln Detached $825,000 $835,000 3250 4
4069 Pfeifer Ct Detached $1,125,000 $860,000 4332 102
4688 Chelsea Ln Detached $915,000 $885,000 3549 34
610 Atwater Rd Detached $995,000 $992,000 2969 35
784 3rd St Detached $1,249,000 $1,200,000 4138 72
4431 West Bay Rd Detached $1,695,000 $1,375,000 3098 367
2707 Southshore Blvd Detached $1,449,000 $1,400,000 3122 47
711 7th St Detached $1,549,000 $1,425,000 3097 2
1455 Lake Front Rd Detached $3,200,000 $2,600,000 6145 1085

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.

Market Activity ~ July 25-31, 2016

Beautiful homes in Lake Oswego… They come on the market… and they pass into the care of excited new owners. Its a wonderful thing ; )

Last week we saw 18 New properties enter the market, 24 move to Pending status, and 19 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (July 25-31, 2016)

Address List Price # Beds # Baths Total SF Prop Type
45 EAGLE CREST DR #211 $219,000 2 2 1046 CONDO
5432 KENNY ST $379,900 3 1 1352 DETACHD
17766 ARBOR LN $509,900 3 2 1561 DETACHD
17911 LAKE HAVEN DR $563,000 4 2.1 2136 DETACHD
905 COUNTRY CLUB RD $599,500 3 2.1 2817 DETACHD
4801 Heritage LN $627,500 3 2.1 2205 DETACHD
19 WESTRIDGE DR $659,999 4 3 3711 DETACHD
1900 GREENTREE RD $695,000 4 3 3032 DETACHD
17372 HUNTER CT $699,000 3 2.1 3292 DETACHD
952 A AVE $739,900 3 2 2900 DETACHD
17771 MARYLCREEK DR $765,000 4 3.1 4398 DETACHD
2033 RIDGEWOOD RD $775,000 4 2.1 2668 DETACHD
2329 STONEHURST CT $825,000 4 3 3622 DETACHD
737 ASH ST $825,000 4 2 2428 DETACHD
840 BOCA RATAN DR $849,900 4 3.1 4114 DETACHD
18260 River Edge CT $949,000 4 3.1 4711 DETACHD
115 3rd ST #115 $999,000 4 2.1 2453 CONDO
1515 CHERRY LN $1,350,000 5 3.1 5593 DETACHD

PENDING SALES (July 25-31, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE DR #108 $136,000 3 2.1 1351 CONDO 26
47 EAGLE CREST DR #21 $149,000 2 1 932 CONDO 767
3974 CARMAN DR $229,900 2 2.1 1107 CONDO 31
193 OSWEGO SMT $235,000 2 2 1383 CONDO 6
!B $269,000 3 2 1538 CONDO 10
2 SW MOUNTAIN CIR $299,000 2 1.1 1372 ATTACHD 16
5060 FOOTHILLS DR #96 $305,000 3 2 1252 CONDO 2
5495 TREE ST $355,000 3 1.1 1388 DETACHD 3
15422 PARTRIDGE DR $475,000 4 2.1 1872 DETACHD 17
1935 FERNWOOD DR $495,000 4 3 2100 DETACHD 26
5028 GREENSBOROUGH CT $524,900 4 2.1 2358 DETACHD 43
14 WALKING WOODS DR $536,000 4 3 2930 DETACHD 32
4 Essex CT $549,900 4 2.1 2835 DETACHD 7
4951 GALEN ST $549,900 3 2.1 2543 DETACHD 52
3845 TEMPEST DR $574,000 4 2.1 2000 DETACHD 11
13040 PRINCETON CT $674,900 4 2.1 3135 DETACHD 32
2063 RIDGEWOOD RD $679,000 4 2.1 2532 DETACHD 28
4090 BUCK BRUSH LN $699,000 4 3 3128 DETACHD 5
5955 SUNBROOK DR $780,000 4 3 3110 DETACHD 2
5350 LAKEVIEW BLVD $799,000 7 3.5 3005 DETACHD 6
17259 LOWENBERG TER $895,000 4 2.1 2955 DETACHD 5
1049 NORTHSHORE PL $939,900 3 4 2274 DETACHD 13
1774 RIDGECREST DR $1,250,000 2 2 2053 DETACHD 6
12850 FIELDING RD $2,500,000 9 9.2 19444 DETACHD 7

SOLD (July 25-31, 2016)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
20 CRESTFIELD CT/Upper $175,000.00 $175,000.00 2 1.1 923 CONDO 7
61 OSWEGO SMT #61 $215,000.00 $196,000.00 2 2 1212 CONDO 28
3930 CARMAN DR $229,900.00 $224,000.00 2 2.1 1146 CONDO 67
44 GREENRIDGE CT $369,000.00 $380,000.00 3 2.1 1996 ATTACHD 1
40 WHEATHERSTONE $389,900.00 $385,000.00 3 2.1 1692 CONDO 37
86 GREENRIDGE CT $399,000.00 $414,000.00 3 2 2652 ATTACHD 1
15393 MEADOWLARK CT $474,500.00 $474,900.00 2 2 1576 DETACHD 2
1412 MAPLE ST $475,000.00 $475,000.00 3 1.1 1540 DETACHD 1
386 LIVINGOOD LN $519,000.00 $519,000.00 4 3 2452 DETACHD 5
775 HEMLOCK ST $499,900.00 $536,000.00 3 2 2038 DETACHD 4
320 DURHAM ST #2 $569,500.00 $562,000.00 3 2.1 1876 CONDO 9
4199 FRUITWOOD CT $525,000.00 $565,000.00 3 2 2230 DETACHD 6
1641 ASH ST $575,000.00 $595,000.00 4 3 2764 DETACHD 5
3 SCARBOROUGH DR $685,000.00 $600,000.00 5 4 3778 DETACHD 35
659 4TH ST $785,000.00 $812,475.00 3 2.1 2388 DETACHD 5
13607 MELROSE PL $869,500.00 $825,000.00 4 3.1 3892 DETACHD 25
412 8TH ST $948,000.00 $888,000.00 3 2.1 2580 DETACHD 33
18360 RIVER EDGE LN $1,029,000.00 $995,000.00 4 2.1 3948 DETACHD 3
448 COUNTRY CLUB RD $1,595,000.00 $1,400,000.00 4 3.1 4873 DETACHD 41

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.

Featured Neighborhood: Lake Forest

IMG_1034Today I want to introduce you to the neighborhood in Lake Oswego where I live, Lake Forest. There are 25 specific neighborhoods in Lake Oswego, each with unique aspects and, for some, a neighborhood association.

Lake Forest is bound on the North by Kruse Way, on the South by Boones Ferry Rd, on the West by I-5, and on the East by Carman Dr and East Waluga Park (approximately). For many years most of the neighborhood was in unincorporated Clackamas County. Some of it still is. I would say the single most distinctive characteristic are the large stands of towering Douglas Fir trees. Because some of it is unincorporated Clackamas County, many of the homes are still on septic systems. The lots on septic are not sub-dividable. Lake Oswego requires that if a septic system fails that is within 300 feet of the city sewer system, then the house has to connect to the sewer. This is gradually happening. Over time it is likely that all of this area will be brought into the city. It is a slow and gradual process that will take many years. In the mean time the large trees and large lots are a feature of the area.

fit_spot_1There is one park in the Lake Forest neighborhood, West Waluga Park. This park features a covered picnic area, a play ground for kids, a library book return drop box, and a fit spot workout station.

The area is super convenient to I-5 and Hwy 217. It is also extremely walkable with Albertson’s and Zupans only about 1-2 miles from even the farthest reaches of the neighborhood. Then there are the many Starbucks. Not exaggerating, there are 6 Starbucks within a mile of my house.

IMG_1035There are currently 15 houses for sale in the Lake Forest neighborhood. The least expensive is a 1258 square foot home that was built in 1970 and is listed for $475,000. It has 3 bedrooms, 2 full baths, and sits on .58 of an acre. The most expensive is a brand new house that is currently under construction and listed for $875,000. When finished it will have 2824 square feet with 3 bedrooms and 3 baths.

I actually consider the Lake Forest neighborhood to be one of the more affordable parts of Lake Oswego.

Personally, I love living in the area. I really like the convenience, but I also like the mix of housing. Older more modest homes are mixed in with new construction and more luxurious homes. Then you add in the flock of Peacocks that live on Bonaire and, well, it’s what I call home.
Dianne

Market Activity July 11-17, 2016


There is been lots of media coverage of late talking about our house prices and how they are climbing quickly. That is holding true throughout the Portland area and Lake Oswego is no exception. It is summer and the real estate market is hot. We are continuing to see high demand and the good news is that the new listings continue to happen. Last week LO had 30 new listings, 27 houses go into pending status, and 21 closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (July 11-7, 2016)

Address Type Price BR Baths Sq Ft
54 Galen St Condo $248,000 2 2 995
48 Eagle Crest Dr 1B Condo $269,000 3 2 1538
668 McVey Ave #64 Condo $279,900 1 1 636
12824 Boones Ferry Rd Attached $298,000 2 2.5 1398
2 Mountain Circle Attached $299,000 2 1.5 1372
16250 Pacific Hwy #76 Condo $299,900 3 2 1767
19377 Sycamore Ave Detached $360,000 3 1 1008
67 Greenridge Ct Attached $369,000 3 2.5 2004
4231 Woodside Circle Condo $405,000 3 2 1943
17311 Mandi Ln Detached $429,000 3 2.5 1935
1160 Oak Terrace Detached $450,000 3 2 1654
16041 Waluga Dr Detached $454,900 4 2 1982
1190 Oak Terrace Detached $460,000 4 2 1654
15422 Partridge Dr Detached $500,000 4 2.5 1872
4950 Centerwood St Detached $523,500 3 2 1871
19235 Redwing Ct Detached $549,900 4 2 2084
14588 Wilmot Way Detached $558,000 5 3 2238
3845 Tempest Dr Detached $574,000 4 2.5 2000
350 6th St Detached $589,900 4 2 2304
6126 Frost Ln Detached $639,000 5 3 2493
2981 Vale Ct Detached $739,900 5 2.5 3516
16980 Maple Circle Detached $839,000 4 2 2500
5844 Bay Point Dr Detached $869,000 3 2.5 3375
18025 Sarah Hill Ln Detached $899,900 4 3.5 3442
1049 Northshore Pl Detached $939,900 3 4 2274
16827 Scott Ct Detached $1,000,000 4 3.5 4179
17432 Kelok Rd Detached $1,025,000 3 2.5 2884
876 9th St Detached $1,099,900 4 2.5 2699
834 6th St Detached $1,099,900 4 2.5 2679
3155 Upper Dr Detached $1,100,000 4 3 2950

Pending Sales (July 11-17,, 2016)

Address Type Price BR Baths Sq Ft CDOM
47 Eagle Crest Dr #7 Condo $88,897 2 1 932 92
47 Eagle Crest Dr Condo $159,900 3 1 1024 3
172 Oswego Summit Condo $166,200 2 2 1383 0
4000 Carman Dr #71 Condo $189,900 2 2 834 2
750 1st St #A12 Condo $279,900 2 2 1350 30
1652 Bonniebrae Dr Attached $279,900 4 1.5 1303 11
40 Weatherstone Condo $385,000 3 2.5 1692 37
4974 Suntree Ln Attached $409,950 2 2.5 1652 53
4841 Dawn St Detached $425,000 3 2 1550 6
653 3rd St Detached $549,000 3 2 1270 95
16921 Kara Ln Detached $569,000 3 2.5 2382 31
22 Partridge Ln Detached $569,900 4 2.5 3334 101
300 4th St Attached $600,000 2 2.5 1731 0
18521 Waxwing Circle Detached $600,000 3 2.5 2936 63
1002 Hemlock St Detached $624,900 3 2.5 1950 4
12140 Orchard Hill Way Detached $644,000 4 2.5 3169 8
5086 Hastings Ct Detached $825,000 4 2.5 3255 18
13607 Melrose Pl Detached $869,500 4 3.5 3892 25
1520 Eastview Ct Detached $889,000 4 4 3750 29
906 Cedar St Detached $950,000 4 3.5 2829 247
610 Atwater Rd Detached $995,000 3 2.5 2969 35
3600 Wembley Park Rd Detached $1,100,000 4 3.5 3633 1
14599 Doris Ave Detached $1,143,000 5 3.5 3903 0
356 9th St Detached $1,280,000 3 3.5 3647 101
2575 Summit Dr Detached $2,395,000 4 4.5+.5 6185 151

Sold/Closed (July 11-17,, 2016)

Address Type List Price Sold Price Sq Ft CDOM
44 Eagle Crest Dr Condo $159,900 $158,000 908 57
342 Cervantes Circle Condo $185,000 $185,000 1,104 33
309 Cervantes Circle Condo $229,900 $229,900 1,209 9
4322 Silver Ct Condo $339,900 $350,000 1996 13
5295 Oakridge Rd Detached $394,900 $405,000 1182 6
13278 Vermeer Dr Detached $469,900 $520,000 1856 8
2302 Overlook Dr Detached $579,000 $546,700 3125 334
4231 Sunset Dr Detached $599,000 $550,000 2,272 18
4571 Oakridge Rd Attached $560,000 $560,000 2092 4
32 Spinosa Detached $549,500 $570,000 2542 8
32 Morningview Circle Detached $599,900 $587,500 2783 69
4252 Albert Circle Detached $689,000 $590,000 2964 28
1469 Greentree Circle Detached $599,900 $610,000 1808 5
4070 Westbay Rd Detached $659,000 $629,000 1828 105
839 Country Commons Ln Detached $710,000 $660,000 3089 0
29 Del Prado St Detached $650,000 $682,500 3037 6
1623 Glenmorrie Dr Detached $850,000 $850,000 5677 23
3788 Southshore Blvd Detached $915,000 $881,500 3224 17
16686 Maple Circle Detached $1,195,000 $1,095,000 3311 290
3555 Lake Grove Ave Detached $1,199,000 $1,100,000 3324 83
1617 Lake Front Rd Detached $3,250,000 $3,000,000 4619 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.