https://www.facebook.com/oregonfirst/videos/978411115947262/?t=6
Buying Rural Property
All around the edges of the City of Lake Oswego, the neighborhoods have grown to absorb rural land. There is quite a bit of unincorporated Clackamas and Multnomah Counties with Lake Oswego Addresses.
The biggest difference is that rural homes don’t have city sewer and water. Instead, they have wells and septic systems. This means that when you do inspections of the property, it needs to include testing of the well and investigation of the septic system.
When testing the well you will want to do two tests, one for water flow and one for water quality. A good well needs to be able to supply 600 gallons within a two hour period for use within a home. This is about 5 gallons per minute.
As far as water quality, what is typically tested for are nitrites, coliform bacteria, and arsenic. Lead is also commonly tested for.
The buyer usually pays for all tests associated with the water.
When inspecting the septic system the seller pays to have the tank pumped and then the buyer pays for an inspection to be done while the tank is empty. Further inspection can be done of the drainfield, if the buyer elects to take the inspection one step further.
Living on land is really appealing to people right now and properties on land are in high demand. Please let Linda or I know if you have any questions on this subject. We are here to help.
Dianne
Photo credit Getty images
Market Activity June 15-21, 2020
This is one of the most beautiful times of the year here in LO. Perfect temperatures and just a bit of rain to help water the garden. It’s also a great time to buy or sell a house.
Last week in Lake Oswego we had 15 new listings, 22 properties go into pending status, and 21 sold/closed houses.
Following is the breakdown for you according to RMLS:
New on the Market (June 15-21, 2020)
| Address | Type | Price | BR | Baths | Sq Ft |
| 100 Kerr Kkwy #2 | Condo | $170,000 | 2 | 2 | 833 |
| 13188 Vermeer Dr | Detached | $589,000 | 3 | 2.5 | 1862 |
| 86 Greenrideg Ct | Attached | $599,000 | 4 | 3.5 | 2718 |
| 5309 Lakeview Blvd | Detached | $599,550 | 2 | 1 | 1320 |
| 19 Morningview Circle | Detached | $629,000 | 3 | 2.5 | 2337 |
| 4962 Harvard Ct | Detached | $670,000 | 4 | 2.5 | 2522 |
| 1010 Laurel St | Detached | $825,000 | 3 | 3 | 2498 |
| 24 Del Prado St | Detached | $969,000 | 5 | 3.5 | 3357 |
| 815 Oak St | Detached | $1,035,000 | 4 | 3.5 | 3836 |
| 3938 Edens Edge Dr | Detached | $1,215,000 | 4 | 3.5 | 3882 |
| 14260 Uplands Dr | Detached | $1,284,000 | 4 | 3 | 2831 |
| 17680 Stafford Rd Lot 1 | Detached | $1,299,000 | 5 | 2.5 | 3804 |
| 3600 Southshore Blvd | Detached | $1,650,000 | 3 | 2.5 | 2117 |
| 1098 Chandler Rd | Detached | $1,995,000 | 4 | 3.5 | 3934 |
| 13600 Goodall Rd | Detached | $2,590,000 | 6 | 6.5 | 6612 |
Pending Sales (June 15-21, 2020)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 16250 Pacific Hwy #68 | Condo | $210,000 | 1 | 1 | 900 | 12 |
| 668 McVey #82 | Condo | $235,000 | 2 | 1.5 | 992 | 24 |
| 3868 Botticelli St | Condo | $265,000 | 3 | 2 | 1260 | 12 |
| 48 Eagle Crest Dr 5C | Condo | $269,000 | 2 | 2 | 1443 | 201 |
| 5064 Foothills Dr #19 | Condo | $317,000 | 2 | 2 | 1252 | 12 |
| 885 McVey Ave | Detached | $450,000 | 3 | 1 | 1292 | 29 |
| 1778 Fern Pl | Detached | $499,900 | 2 | 2 | 1146 | 11 |
| 4851 Madrona St | Detached | $565,000 | 4 | 2 | 1500 | 22 |
| 13841 Verte Ct | Detached | $599,000 | 5 | 3 | 2341 | 8 |
| 1110 Hallinan Circle | Detached | $688,000 | 4 | 3.5 | 3548 | 63 |
| 9 Becket St | Detached | $719,000 | 4 | 2.5 | 3537 | 4 |
| 14183 Taylors Crest Ln | Detached | $785,000 | 4 | 2.5 | 3551 | 45 |
| 17965 Tualatin St | Detached | $849,900 | 3 | 2.5 | 2808 | 89 |
| 13711 Fielding Rd | Detached | $868,000 | 4 | 5 | 4649 | 77 |
| 553 2nd St | Condo | $890,000 | 2 | 2.5 | 1816 | 37 |
| 205th 5th St | Detached | $895,000 | 4 | 3 | 2556 | 52 |
| 2795 Rivendell Rd | Detached | $915,000 | 4 | 2.5 | 3518 | 3 |
| 163 Iron Mountain Blvd | Detached | $1,500,000 | 4 | 3.5 | 4314 | 71 |
| 17475 Canal Circle | Detached | $1,650,000 | 3 | 3 | 2290 | 0 |
| 2880 Upper Dr | Detached | $1,995,000 | 5 | 4.5 | 5853 | 63 |
| 4423 West Bay Rd | Detached | $2,349,900 | 4 | 3.5 | 2975 | 18 |
| 16723 Maple Circle | Detached | $2,450,000 | 3 | 2.5 | 2515 | 17 |
Sold/Closed (June 15-21, 2020)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 35 Oswego Summit | Condo | $235,000 | $240,000 | 1212 | 3 |
| 5225 Jean Rd #208 | Condo | $265,000 | $255,000 | 1,100 | 56 |
| 200 Oswego Summit | Condo | $260,000 | $265,000 | 1383 | 2 |
| 16200 Pacific Hwy #15 | Condo | $399,000 | $393,000 | 1190 | 56 |
| 16870 Cortez Ct | Detached | $449,900 | $415,000 | 1800 | 80 |
| 5237 Dawn St | Detached | $494,800 | $474,000 | 1412 | 42 |
| 668 McVey Ave #72 | Condo | $510,000 | $482,000 | 1184 | 221 |
| 100 Kingsgate Rd | Detached | $515,000 | $508,000 | 1960 | 5 |
| 2945 Upper Dr | Detached | $530,000 | $530,000 | 1610 | 0 |
| 16824 Inverurie Rd | Detached | $565,000 | $565,000 | 1945 | 1 |
| 3721 Tempest Rd | Detached | $615,000 | $583,500 | 2572 | 46 |
| 3721 Tempest Dr | Detached | $615,000 | $583,500 | 2572 | 46 |
| 1590 Country Club Rd | Detached | $950,000 | $770,000 | 3799 | 251 |
| 14146 Edenberry Dr | Detached | $865,000 | $865,000 | 3100 | 4 |
| 16792 Quail Ct | Detached | $900,000 | $875,000 | 3222 | 91 |
| 1535 Pine St | Detached | $879,900 | $899,000 | 2390 | 0 |
| 4904 Lower Dr | Detached | $939,000 | $926,000 | 2803 | 3 |
| 16495 Glenwood Ct | Detached | $1,195,000 | $1,160,000 | 4533 | 23 |
| 4720 Firwood Rd | Detached | $1,395,000 | $1,310,000 | 3605 | 59 |
| 12822 Alto Park Rd | Detached | $1,495,000 | $1,146,000 | 3426 | 91 |
| 17281 Kelok Rd | Detached | $1,875,000 | $1,800,000 | 2699 | 4 |
| 2860 Glen Eagles Rd | Detached | $2,748,000 | $2,700,000 | 6800 | 3 |
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 ~ May 2020 Numbers
Here is your look at the most recent data for the entire Portland area (May 2020) and how Lake Oswego fits in to this picture just below.
Inventory is down but only slightly from April. Overall we’re seeing an adjustment down in numbers overall as they relate to last year in May, and/but look at the numbers and how they’ve all risen from April, Closed Sales being down a slight 2.6% (fewer Offers made in March). You may remember my prediction that COVID and some freezing/panic in March were affecting April numbers. Now, as I suspected, we see what we’re all seeing anecdotally in the marketplace, which is people adapting to safety protocols and getting out there to buy and sell houses suiting their individual circumstances. So, down over May 2019, and up over April 2020. Look at the 52.5% rise in Pending sales over April!
My trusted Mortgage Advisors tell me:
According to the RMLS Market Action Report for the Portland Metro Area, May 2020:
- There were 3,419 New Listings in May 2020 which decreased 30.3% from May of 2019’s 4,902, and/but increased 20.1% over the previous month/April’s 2,847.
- At 1,963, May 2020’s Closed Sales are down 33.9% from May 2019’s 2,969, and also decreased by 2.6% from the previous month/April 2020’s total of 2,015
- At 3,112, May 2020’s Pending Sales are down 5.5% from May 2019’s 3,292, and are up a whopping 52.5% from the previous month/April 2020’s total of 2,041.
- The Average Sale Price in May 2020 of $467,500 is down $3,700 from last year/May 2019’s $471,200, and is also down $9,900 from the previous month/April 2020’s $477,400. YTD increase is 2.8%, however.
- The “Median” Sale Price (the price smack dab in the middle of all sales) in May 2020 of $425,000 rose from last year/May 2019’s $420,000 by $5,000, and is up by $1,000 from the previous month/April 2020’s $424,000. YTD increase is 4.1%.
Neighborhoods: May’s Average Sale Price + 12-month Appreciation:
- North Portland: $442,900 1.9% (Apr $448,500 )
- YTD Median: $410,000
- NE Portland: $479,900 2.9% (Apr $491,200)
- YTD Median: $429,900
- SE Portland: $448,300 1.3% (Apr $449,200)
- YTD Median: $389,500
- Gresham/Troutdale: $358,800 2.3% (Apr $371,900)
- YTD Median: $360,000
- Milwaukie/Clackamas: $435,200 3.8% (Apr $457,600)
- YTD Median: $429,900
- Oregon City/Canby: $454,500 3.5% (Apr $445,200)
- YTD Median: $431,700
- Lake Oswego/West Linn:$698,500 4.1% (Apr $772,500 )
- YTD Median: $604,500
- West Portland: $616,200 -1.3% (Apr $642,000 )
- YTD Median: $536,000
- NW Wash County: $520,400 0.8% (Apr $587,400 )
- YTD Median: $492,000
- Beaverton/Aloha: $407,800 2.9% (Apr $431,100 )
- YTD Median: $410,000
- Tigard/Wilsonville: $502,400 2.7% (Apr $474,600 )
- YTD Median: $460,000
- Hillsboro/Forest Grove: $422,100 5.9% (Apr $422,100)
- YTD Median: $394,000
LAKE OSWEGO:
The combined areas of Lake Oswego and West Linn for the month of May 2020 reported:
-
- 324 Active Listings (Apr 340)
- 209 New Listings (Apr 149)
- 169 Pending Sales (Apr 81)
- 92 Closed Sales (Apr 89)
- Average Sale Price for May: $698,500 (Apr $772,500)
- NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month. Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
- 59 Average Days on the Market (Apr 76)
Market Activity ~ June 8-14, 2020
Last week in Lake Oswego there were 14 New listings, 20 properties that went into Pending status, and 32 Closed sales. There are currently 220 Properties for sale in Lake Oswego!
Following is the breakdown for you according to RMLS:
New on the Market (June 8-14, 2020)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 4 TOUCHSTONE #126 | $219,900 | 2 | 2 | 984 | CONDO |
| 5064 FOOTHILLS DR #19 | $317,000 | 2 | 2 | 1252 | CONDO |
| 111 TOUCHSTONE TER | $420,000 | 2 | 2 | 1341 | ATTACHD |
| 71 TANGLEWOOD DR | $625,000 | 3 | 3 | 2616 | DETACHD |
| 17020 SW Denney CT | $650,000 | 2 | 2 | 2500 | DETACHD |
| 18706 BRYANT RD | $655,000 | 3 | 2.1 | 2489 | DETACHD |
| 7 BECKET ST | $785,000 | 4 | 3.1 | 4329 | DETACHD |
| 12562 SW ORCHARD HILL RD | $789,000 | 4 | 2.1 | 2574 | DETACHD |
| 17502 ERIN CT | $799,900 | 4 | 3 | 3014 | DETACHD |
| 18253 SIENA DR | $1,395,000 | 5 | 4 | 4375 | DETACHD |
| 3933 EDENS EDGE DR | $1,400,000 | 4 | 3.1 | 4436 | DETACHD |
| 4688 UPPER DR | $1,795,000 | 4 | 3.1 | 3962 | DETACHD |
| 16645 GRAEF CIR | $1,825,000 | 4 | 3.2 | 3187 | DETACHD |
| 3124 LAKEVIEW BLVD | $2,950,000 | 5 | 4 | 4011 | DETACHD |
Pending Sales (June 8-14, 2020)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 65 CHURCH ST | $293,000 | 2 | 2 | 1040 | CONDO | 38 |
| 2101 WEMBLEY PARK RD | $320,000 | 5 | 3 | 3410 | DETACHD | 2 |
| 12806 SW BOONES FERRY RD | $415,000 | 3 | 2.1 | 1174 | CONDO | 26 |
| 6050 FERNBROOK ST | $434,900 | 4 | 2 | 1546 | DETACHD | 65 |
| 4292 GALEWOOD ST | $549,900 | 3 | 2.1 | 1644 | DETACHD | 3 |
| 19211 INDIAN SPRINGS RD | $585,000 | 4 | 3 | 2132 | DETACHD | 1 |
| 5465 CHILDS RD | $589,900 | 4 | 2 | 1487 | DETACHD | 18 |
| 1268 SPRUCE ST | $665,000 | 4 | 2 | 2220 | DETACHD | 3 |
| 2388 OVERLOOK DR | $678,000 | 4 | 3 | 2765 | DETACHD | 5 |
| 14799 UPLANDS DR | $699,000 | 4 | 2 | 2150 | DETACHD | 110 |
| 1405 CEDAR ST | $749,900 | 3 | 2 | 2178 | DETACHD | 4 |
| 5950 HARRINGTON AVE | $795,000 | 4 | 3.1 | 2867 | DETACHD | 16 |
| 15119 QUARRY RD | $795,000 | 3 | 2 | 2086 | DETACHD | 16 |
| 64 CONDOLEA TER | $799,000 | 3 | 3 | 2958 | CONDO | 3 |
| 1338 TIMBERLINE DR | $874,900 | 3 | 3 | 3754 | DETACHD | 6 |
| 828 7TH ST | $898,900 | 3 | 4 | 2418 | DETACHD | 64 |
| 16 BERNINI CT | $1,150,000 | 6 | 5 | 4786 | DETACHD | 92 |
| 14414 PFEIFER DR | $1,248,000 | 4 | 3.1 | 3744 | DETACHD | 5 |
| 4245 WEST BAY RD | $2,350,000 | 4 | 3.1 | 2958 | DETACHD | 8 |
| 1415 SKYLAND DR | $3,995,000 | 5 | 4.1 | 6085 | DETACHD | 130 |
Sold/Closed (June 8-14, 2020)
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 4 TOUCHSTONE | $170,000 | $145,900 | 3 | 2.1 | 1351 | CONDO | 243 |
| 8 CERVANTES CIR | $209,900 | $205,000 | 2 | 1.1 | 912 | CONDO | 17 |
| 35 OSWEGO SMT | $235,000 | $240,000 | 2 | 2 | 1212 | CONDO | 3 |
| 5225 JEAN RD | $265,000 | $255,000 | 2 | 2 | 1100 | CONDO | 56 |
| 200 OSWEGO SMT | $260,000 | $265,000 | 2 | 2 | 1383 | CONDO | 2 |
| 4455 THUNDER VISTA LN | $330,000 | $330,000 | 2 | 2.1 | 2002 | CONDO | 5 |
| 4270 WOODSIDE CIR | $357,500 | $357,000 | 3 | 2 | 1944 | CONDO | 3 |
| 16870 CORTEZ CT | $449,900 | $415,000 | 3 | 2 | 1800 | DETACHD | 80 |
| 5237 SW DAWN ST | $494,800 | $474,000 | 3 | 1.1 | 1412 | DETACHD | 42 |
| 668 MCVEY AVE | $510,000 | $482,000 | 3 | 2 | 1184 | CONDO | 221 |
| 100 KINGSGATE RD | $515,000 | $508,000 | 3 | 2.1 | 1960 | DETACHD | 5 |
| 2091 COUNTRY CLUB RD | $618,000 | $545,000 | 5 | 2 | 2112 | DETACHD | 109 |
| 16824 SW Inverurie RD | $565,000 | $565,000 | 3 | 3 | 1945 | DETACHD | 1 |
| 3721 TEMPEST DR | $615,000 | $583,500 | 4 | 2.1 | 2572 | DETACHD | 46 |
| 905 YORK RD | $649,000 | $634,000 | 3 | 2 | 1657 | DETACHD | 10 |
| 383 ASH ST | $639,000 | $639,000 | 3 | 2.1 | 1825 | DETACHD | 1 |
| 8 PARTRIDGE LN | $659,000 | $659,000 | 4 | 2.1 | 3583 | DETACHD | 5 |
| 15773 SPRINGBROOK CT | $649,900 | $662,000 | 3 | 2 | 1616 | DETACHD | 200 |
| 55 AQUINAS ST | $774,900 | $743,200 | 5 | 3 | 3720 | DETACHD | 43 |
| 1590 COUNTRY CLUB RD | $950,000 | $770,000 | 4 | 3.1 | 3799 | DETACHD | 251 |
| 5623 BAY CREEK DR | $845,000 | $830,000 | 5 | 2.1 | 3042 | DETACHD | 20 |
| 3996 TEMPEST DR | $849,900 | $849,900 | 4 | 2.2 | 3397 | DETACHD | 5 |
| 16792 QUAIL CT | $900,000 | $875,000 | 4 | 2.1 | 3222 | DETACHD | 91 |
| 2535 GLENMORRIE DR | $899,900 | $890,000 | 4 | 4 | 3134 | DETACHD | 87 |
| 4121 CHILDS RD | $956,000 | $896,800 | 4 | 3.1 | 3396 | DETACHD | 76 |
| 1535 Pine ST | $879,900 | $899,000 | 3 | 2.1 | 2390 | DETACHD | 0 |
| 5015 DENTON DR | $950,000 | $940,000 | 4 | 2.1 | 3131 | DETACHD | 32 |
| 16495 GLENWOOD CT | $1,195,000 | $1,160,000 | 5 | 3.1 | 4533 | DETACHD | 23 |
| 4720 FIRWOOD RD | $1,395,000 | $1,310,000 | 4 | 3 | 3605 | DETACHD | 59 |
| 12822 ALTO PARK RD | $1,495,000 | $1,460,000 | 4 | 4.1 | 3426 | DETACHD | 91 |
| 17281 KELOK RD | $1,875,000 | $1,800,000 | 4 | 3 | 2699 | DETACHD | 4 |
| 2860 GLEN EAGLES RD | $2,748,000 | $2,700,000 | 5 | 4.1 | 6800 | DETACHD | 3 |
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.
A Bit About Basements
Most homes built before 1930 have basements. For Realtors and Appraisers, the existence of basements square footage is a bit of a conundrum. Should it be included in the square footage of the house? How valuable is it? Well, that depends…
First, some history on basements. I learned this from my favorite home inspector. A century ago when building was really booming in Oregon, the builders were primarily folks who had learned their trade back East, or from someone who had come from back East. The East coast has much colder winters than the Pacific Northwest. A house constructed in a location with really cold winters has to have a foundation that is deep enough that it is below the freezing depth of the soil. If it isn’t deep enough, the soil will expand when it freezes which can lift and damage the house. So in the East basements serve the purpose of getting the footing of the foundation deep enough. Then in about 1940 or so, builders in Oregon realized that our more mild winters meant that the foundations did not have to be that deep. Thus construction practices changed and builders quit building houses with basements.
It’s important to note that basements were not built with the intention of being water tight. They were built to protect the house from harsh, cold winters.
Now fast forward to today. When a house has a basement it is an asset to the property in that, even if leaky and unfinished, it is useful space. In a really bad basement storage can be elevated and it is a bit like a garage where you can put holiday decorations, paint, tools, stuff that you don’t need every day but want to keep around. Most basements are more than just a little bit useful and not all basements leak. Drainage systems can be installed and basements can be finished to be really great living areas.
So how do you value a basement. It truly depends on how well it is finished. If completely unfinished, I calculate the value of the house itself, above the basement. Once I know the value per square foot of that space, I give the square footage in the basement half the value per square foot of what is above it. If it is really beautifully finished, I will give it just about the same value as what is above it. But to get that kind of value it truly has to be well done with appropriate finish work, lighting, and an egress (a way out other than the interior stairs to get out in the event of a fire).
When I first got my real estate license I did not include unfinished basement square footage in the advertised size of the house. But over the years I came to realize that other properties with unfinished basements were including that space. To not include it made my listings sound small. So I now include it but I also clearly state whether the basement is finished or not and that it is included in the square footage.
There you have it, a bit about basements. Thanks for reading,
Dianne
Market Activity June 1-7, 2020
Market Activity in Lake Oswego last week looked completely like it should in June. Seriously, everything has really picked up. We had 28 new listings, 26 properties go into pending status, and 17 sold/closed properties. The housing market is really strong, and right now, suffering no adverse trends due to Covid 19. Good news!
Following is the breakdown for you according to RMLS:
New on the Market (June 1-7, 2020)
| Address | Type | Price | BR | Baths | Sq Ft |
| 47 Eagle Crest Dr #11 | Condo | $199,999 | 2 | 1 | 932 |
| 16250 Pacific Hwy #68 | Condo | $210,000 | 1 | 1 | 900 |
| 3868 Botticelli | Condo | $265,000 | 3 | 2 | 1260 |
| 5225 Jean Rd #304 | Condo | $329,500 | 3 | 2 | 1400 |
| 16200 Pacific Hwy #7 | Condo | $495,000 | 2 | 2 | 1190 |
| 1778 Fern PL | Detached | $499,900 | 2 | 2 | 1146 |
| 71 Greenridge Ct | Attached | $585,000 | 3 | 2.5 | 2004 |
| 2388 Overlook Dr | Detached | $678,000 | 4 | 3 | 2765 |
| 17520 Redfern Ave | Detached | $692,000 | 2 | 2 | 1776 |
| 1338 Timberline Dr | Detached | $874,900 | 3 | 3 | 3754 |
| 19263 Megly Ct | Detached | $899,900 | 5 | 3 | 3242 |
| 19242 Indian Springs Rd | Detached | $995,000 | 4 | 2.5 | 3365 |
| 14144 Goodall Rd | Detached | $998,000 | 4 | 3 | 3701 |
| 18125 Pilkington Rd | Detached | $1,099,000 | 4 | 3 | 3229 |
| 19230 Bryant Rd | Attached | $1,295,000 | 8 | 4.5 | 3440 |
| 18260 River Edge Ct | Detached | $1,350,000 | 4 | 3.5 | 4711 |
| 17455 Blue Heron Rd | Detached | $1,425,000 | 3 | 2 | 2572 |
| 18965 Pilkington Rd | Detached | $1,439,000 | 4 | 3 | 3926 |
| 743 6th St | Detached | $1,675,000 | 5 | 3.5 | 3922 |
| 4245 West Bay Rd | Detached | $2,350,000 | 4 | 3.5 | 2958 |
| 17147 Old River Dr | Detached | $2,350,000 | 4 | 4.5+.5 | 6936 |
| 16723 Maple Circle | Detached | $2,450,000 | 3 | 2.5 | 3887 |
| 15591 Village Dr | Detached | $2,495,000 | 5 | 4.5 | 6040 |
| 2025 Cedar Ct | Detached | $2,795,000 | 5 | 3 | 3887 |
| 18414 Old River Landing | Detached | $2,980,000 | 4 | 4.5+.5 | 7022 |
| 2950 Lakeview Blvd | Detached | $3,100,000 | 4 | 3.5 | 4299 |
Pending Sales (June 1-7, 2020)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 4 Touchstone #94 | Condo | $145,900 | 3 | 2.5 | 1351 | 243 |
| 4000 Carman Dr B27 | Condo | $229,000 | 2 | 2 | 869 | 70 |
| 4000 Carman Dr F90 | Condo | $229,900 | 2 | 2 | 834 | 4 |
| 668 McVey Ave #82 | Condo | $235,000 | 2 | 1.5 | 992 | 8 |
| 209 Oswego Summit | Condo | $250,000 | 2 | 2 | 1383 | 2 |
| 200 Burnham Rd #205 | Condo | $320,000 | 2 | 2 | 1305 | 10 |
| 6025 Kenny St | Detached | $489,900 | 3 | 1.5 | 1254 | 2 |
| 120 Kingsgate Rd | Detached | $519,800 | 3 | 2.5 | 1699 | 15 |
| 22 Morningview Circle | Detached | $615,000 | 4 | 2.5 | 2942 | 152 |
| 1032 Laurel St | Detached | $599,000 | 4 | 2 | 2426 | 109 |
| 34 Morningview Circle | Detached | $615,000 | 4 | 2.5 | 2942 | 152 |
| 17410 Wren Ct | Detached | $749,900 | 3 | 2.5 | 2550 | 4 |
| 461 Country Club Rd | Detached | $750,000 | 2 | 1.5 | 1500 | 57 |
| 4089 Melissa Dr | Detached | $799,000 | 4 | 2.5 | 2762 | 22 |
| 4680 Upper Dr | Detached | $825,000 | 3 | 2 | 1656 | 2 |
| 6351 Burma Rd | Detached | $829,000 | 4 | 4 | 3500 | 196 |
| 4360 Upper Dr | Detached | $915,000 | 3 | 2.5 | 2613 | 13 |
| 18483 Ray Ridge Dr | Detached | $925,000 | 3 | 2.5 | 3245 | 9 |
| 18803 Riven Dell Ct | Detached | $1,050,000 | 4 | 4.5 | 4538 | 310 |
| 2575 Palisades Crest Dr | Detached | $1,050,000 | 4 | 4.5 | 5251 | 82 |
| 1225 Lake Garden Ct | Detached | $1,195,000 | 3 | 3.5+.5 | 3558 | 38 |
| 814 Lake Shore Rd | Detached | $1,249,000 | 3 | 2.5 | 2385 | 79 |
| 671 5th St | Detached | $1,285,000 | 4 | 2.5 | 2781 | 20 |
| 3040 Stonebridge Way | Detached | $1,490,000 | 4 | 4.5 | 5829 | 100 |
| 1592 View Lake Ct | Detached | $1,649,000 | 3 | 3 | 3114 | 313 |
| 17281 Kelok Rd | Detached | $1,649,000 | 3 | 3 | 3114 | 313 |
| 17227 Canal Circle | Detached | $2,795,000 | 5 | 4.5 | 4720 | 79 |
| 961 Terrace Dr | Detached | $3,095,000 | 5 | 4.5+.5 | 5542 | 25 |
Sold/Closed (June 1-7, 2020)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 86 Kingsgate Rd H104 | Condo | $224,900 | $222,000 | 840 | 59 |
| 3956 Carman Dr | Condo | $299,990 | $299,990 | 1,107 | 63 |
| 15 Summit Ridge Ct | Attached | $438,888 | $415,000 | 1750 | 42 |
| 1 El Greco St | Detached | $499,900 | $425,000 | 2296 | 69 |
| 1042 Yates ST | Detached | $469,900 | $454,000 | 1100 | 4 |
| 1010 Hallinan | Detached | $497,900 | $497,900 | 1225 | 6 |
| 13395 Vermeer Dr | Detached | $599,980 | $560,000 | 2461 | 75 |
| 16885 Denny Ct | Detached | $625,000 | $575,000 | 1712 | 26 |
| 1485 Greentree Circle | Detached | $565,000 | $577,500 | 2440 | 3 |
| 1639 Worthington St | Detached | $649,900 | $649,900 | 1920 | 16 |
| 92 Garibaldi St | Detached | $769,000 | $745,000 | 3172 | 37 |
| 10 Buckingham Terr | Detached | $759,900 | $750,000 | 3763 | 19 |
| 960 Bullock St | Detached | $849,900 | $835,000 | 3062 | 11 |
| 1666 Lake Front Rd | Detached | $1,375,000 | $1,375,000 | 3312 | 54 |
| 18404 Old River Landing | Detached | $2,098,000 | $2,000,000 | 4295 | 17 |
| 3015 Wembley Park Rd | Detached | $2,469,900 | $2,340,000 | 5211 | 249 |
| 937 Atwater Rd | Detached | $3,680,000 | $3,450,000 | 5123 | 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.
Market Activity ~ May 25-31, 2020
Last week in Lake Oswego, 11 New properties entered the market, 19 moved to Pending status, and 11 were “Closed”/Sold. We also have 225 homes for sale here, right now.
Following is the breakdown for you according to RMLS:
NEW on Mkt (May 25-31, 2020)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 4 TOUCHSTONE #70 | $279,950 | 3 | 2.1 | 1351 | CONDO |
| 200 BURNHAM RD #304 | $329,000 | 2 | 2 | 1305 | CONDO |
| 4851 MADRONA ST | $585,000 | 4 | 2 | 1500 | DETACHD |
| 1601 ASH ST | $629,999 | 3 | 2 | 2045 | DETACHD |
| 13366 AUBURN CT | $689,000 | 3 | 2.1 | 2432 | ATTACHD |
| 5950 HARRINGTON AVE | $795,000 | 4 | 3.1 | 2867 | DETACHD |
| 15119 QUARRY RD | $795,000 | 3 | 2 | 2086 | DETACHD |
| 1985 COUNTRY CLUB RD | $1,050,000 | 4 | 4 | 3630 | DETACHD |
| 3131 WEMBLEY PARK RD | $1,395,000 | 4 | 3.1 | 3597 | DETACHD |
| 4423 WEST BAY RD | $2,399,900 | 4 | 3.1 | 2975 | DETACHD |
| 1730 NORTHSHORE RD | $4,500,000 | 4 | 3.1 | 4173 | DETACHD |
PENDING SALES (May 25-31, 2020)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 35 OSWEGO SMT / Main | $235,000 | 2 | 2 | 1212 | CONDO | 3 |
| 4626 LOWER DR / Main | $245,000 | 2 | 1.1 | 1260 | CONDO | 12 |
| 3918 CARMAN DR | $299,900 | 2 | 2.1 | 1107 | CONDO | 77 |
| 59 TOUCHSTONE | $450,000 | 4 | 3 | 2924 | DETACHD | 4 |
| 16229 Lake Forest BLVD | $544,900 | 4 | 3 | 2094 | DETACHD | 26 |
| 19232 PILKINGTON RD | $599,900 | 3 | 2.1 | 1735 | CONDO | 250 |
| 19200 REDWING CT | $599,900 | 4 | 3 | 2128 | DETACHD | 2 |
| 5474 BAY CREEK DR | $674,900 | 4 | 2.1 | 2322 | DETACHD | 3 |
| 16251 REESE RD | $745,000 | 3 | 2.1 | 2555 | DETACHD | 21 |
| 3778 RIVERS EDGE DR | $799,000 | 4 | 3.1 | 3012 | DETACHD | 4 |
| 19681 PERCH CT | $849,900 | 4 | 3 | 3307 | DETACHD | 82 |
| 14003 CHELSEA DR | $895,000 | 4 | 2.1 | 3270 | DETACHD | 2 |
| 950 CEDAR ST | $1,079,900 | 4 | 3.1 | 3266 | DETACHD | 79 |
| 16495 GLENWOOD CT | $1,195,000 | 5 | 3.1 | 4533 | DETACHD | 23 |
| 4190 CHAPMAN WAY | $1,249,000 | 3 | 3.1 | 3624 | DETACHD | 67 |
| 815 E AVE | $1,379,000 | 3 | 2.1 | 2796 | DETACHD | 3 |
| 2260 SUMMIT CT | $1,798,000 | 4 | 4.1 | 3797 | DETACHD | 436 |
| 931 ATWATER RD | $2,695,000 | 4 | 4.1 | 5059 | DETACHD | 58 |
| 1633 LESLIE LN | $2,725,000 | 5 | 4.2 | 5921 | DETACHD | 15 |
SOLD (May 25-31, 2020)
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 1731 ASPEN CT | $489,000 | $489,000 | 3 | 2 | 1440 | DETACHD | 6 |
| 77 kingsgate RD | $529,900 | $542,000 | 3 | 2.1 | 1739 | DETACHD | 3 |
| 4900 INDIAN CREEK CT | $624,900 | $595,000 | 4 | 3 | 2124 | DETACHD | 33 |
| 4257 LORDS LN | $600,000 | $600,000 | 4 | 2 | 2097 | DETACHD | 0 |
| 1448 CEDAR ST | $649,000 | $605,000 | 4 | 3 | 2544 | DETACHD | 244 |
| 4007 BASS LN | $699,000 | $655,000 | 4 | 3 | 2648 | DETACHD | 14 |
| 15569 VILLAGE PARK CT | $729,000 | $729,000 | 3 | 2.1 | 2850 | DETACHD | 4 |
| 620 1ST ST | $750,000 | $745,000 | 3 | 3.1 | 1916 | ATTACHD | 34 |
| 259 PINE VALLEY RD | $850,000 | $775,000 | 3 | 2 | 2010 | DETACHD | 16 |
| 4500 WEST RD | $899,000 | $899,000 | 3 | 2.1 | 2479 | DETACHD | 17 |
| 1251 FOREST MEADOWS WAY | $2,125,000 | $1,930,000 | 3 | 3.1 | 5000 | 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.
Featured Property: 26075 SW Mountain Rd
I am pretty excited to tell you about a new listing. Located just South of Lake Oswego in a rural area known as Stafford, this house sits on 30+ acres. 26075 SW Mountain Rd was built in 1977 and this is the first time it has ever been offered for sale. It says a lot about a house when it is enjoyed by the same family for 43 years.
The house has 6297 square feet that includes 5 bedrooms and 3.5 baths. A great room addition was ut on about 15 years ago that features a 21’x20′ gourmet kitchen. This kitchen has 2 ovens, 2 dishwashers, and 3 sinks. It’s the sort of kitchen that avid cooks dream of. There are expansive windows that let in Southern light and look out across the land.
The land has 2 lots. 6.46 acres contains the house and a 90’x35′ barn. The second lot is 24.7 acres and it is approved for 2 building sights. There are extensive raised beds, a fruit orchard, and gorgeous landscaping. The 24.7 acres was used for many years as a deciduous tree nursery. It has a well that has not been tapped as well as drainage tiles.
The asking price for this gorgeous property is $3,500,000. If you have questions or would like to see this property, please give Dianne a call at 503-803-6298.
AS always, thanks for reading the blotter!
Market Activity May 18-24, 2020
The market is holding steady. Lake week in Lake Oswego there were 15 new listings, 25 properties that went into pending status, and 8 closed sales.
Following is the breakdown for you according to RMLS:
New on the Market (May 18-24, 2020)
| Address | Type | Price | BR | Baths | Sq Ft |
| 44 Eagle Crest Dr #41 | Condo | $228,900 | 2 | 1 | 908 |
| 16250 Pacific Hwy #81 | Condo | $249,000 | 1 | 1 | 841 |
| 47 Eagle Crest Dr #60 | Condo | $269,000 | 3 | 2 | 1026 |
| 16250 Pacific Hwy #47 | Condo | $295,000 | 2 | 1 | 1305 |
| 200 Burnham Rd #205 | Condo | $320,000 | 2 | 2 | 1305 |
| 885 McVey Ave | Detached | $469,000 | 3 | 1 | 1292 |
| 120 Kingsgate Rd | Detached | $519,800 | 3 | 2.5 | 1699 |
| 1611 Lindsay Ct | Detached | $565,000 | 3 | 2.5 | 1840 |
| 5465 Childs Rd | Detached | $589,900 | 4 | 2 | 1487 |
| 4746 Amherst Ct | Attached | $675,000 | 3 | 2.5 | 2985 |
| 4360 Upper Dr | Detached | $915,000 | 3 | 2.5 | 2613 |
| 18229 River Edge Ct | Detached | $1,050,000 | 4 | 3 | 3432 |
| 3180 Douglas Circle | Detached | $1,475,000 | 5 | 2.5+.5 | 4768 |
| 881 C Ave | Detached | $1,600,000 | 4 | 2.5 | 3267 |
| 2860 Glen Eagles Rd | Detached | $2,748,000 | 5 | 4.5 | 6800 |
Pending Sales (May 18-24, 2020)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 5225 Jean Rd #208 | Condo | $255,000 | 2 | 2 | 1100 | 56 |
| 200 Oswego Summit | Condo | $260,000 | 2 | 2 | 1383 | 2 |
| 4646 Lower Dr | Condo | $275,000 | 2 | 2 | 1260 | 8 |
| 4270 Woodside Circle | Condo | $357,500 | 3 | 2 | 1944 | 3 |
| 27 Greenridge Ct | Attached | $420,000 | 3 | 2.5 | 2140 | 5 |
| 16870 Cortez Ct | Detached | $479,900 | 3 | 2 | 1800 | 80 |
| 5215 Madrona St | Detached | $479,900 | 3 | 2 | 1325 | 4 |
| 77 Condolea Way | Condo | $520,000 | 3 | 3 | 2143 | 66 |
| 3 Garibaldi St | Detached | $720,000 | 3 | 3 | 3137 | 153 |
| 55 Aquinas St | Detached | $759,900 | 5 | 3 | 3720 | 43 |
| 1590 Country Club Rd | Detached | $799,000 | 4 | 3.5 | 3799 | 251 |
| 1500 Eastview Ct | Detached | $799,999 | 4 | 2.5 | 3872 | 40 |
| 173 Furnace St | Condo | $819,900 | 2 | 2.5 | 2090 | 18 |
| 14146 Edenberry Dr | Detached | $865,000 | 4 | 2.5 | 3100 | 4 |
| 5364 Langford Ln | Detached | $869,000 | 4 | 2.5 | 3022 | 25 |
| 16368 Lake Forest Blvd | Detached | $899,000 | 4 | 2.5 | 2750 | 101 |
| 727 Laurel St | Detached | $900,000 | 3 | 3.5 | 3365 | 80 |
| 16720 Quail Ct | Detached | $900,000 | 4 | 2.5 | 3222 | 91 |
| 17390 Grand View Ct | Detached | $975,000 | 4 | 4.5+.5 | 4502 | 71 |
| 1 Dover Way | Detached | $975,000 | 4 | 3 | 3559 | 1 |
| 1061 Chandler Rd | Detached | $990,000 | 4 | 3 | 2879 | 82 |
| 2445 Glenmorrie Dr | Detached | $1,299,000 | 5 | 5 | 5168 | 98 |
| 1901 Cheryl Ct | Detached | $1,325,000 | 4 | 4.5 | 5068 | |
| 749 7th St | Detached | $1,385,000 | 4 | 3.5 | 4651 | 28 |
| 4720 Firwood Rd | Detached | $1,395,000 | 4 | 3 | 3605 | 59 |
Sold/Closed (May 18-24, 2020)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 4268 Woodside Circle | Attached | $375,000 | $335,000 | 1944 | 351 |
| 12888 Boones Ferry Rd | Condo | $419,900 | $408,000 | 1,182 | 44 |
| 16943 Greentree Ave | Detached | $625,000 | $606,206 | 2344 | 4 |
| 4188 Cobb Way | Detached | $649,900 | $699,000 | 2586 | 4 |
| 15780 Twin Fir Rd | Detached | $819,000 | $770,000 | 3107 | 439 |
| 14564 Kruse Oaks Blvd | Detached | $879,500 | $870,000 | 3001 | 5 |
| 718 3rd St | Detached | $1,590,000 | $1,547,650 | 3759 | 1 |
| 852 Northshore Rd | Detached | $1,898,000 | $1,630,000 | 4211 | 343 |
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.