Tag: Lake Oswego Oregon

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Market Activity Oct 8-14, 2018

Last week was another great week to be buying or selling a home in Lake Oswego. We had 17 new listings come onto the market, 13 properties go into pending status, and 10 closed/sold homes.

Following is the breakdown for you according to RMLS:

New on the Market (Oct 8-14, 2018)

Address Type Price BR Baths Sq Ft
100 Kerr Parkway #11 Condo $158,000 1 1 617
45 Eagle Crest Dr #305 Condo $199,900 2 1.5 1364
86 Kingsgate Rd A104 Condo $218,000 2 2 849
44 Eagle Crest Dr #31 Condo $219,000 2 1 908
48 Eagle Crest Dr 2C Condo $329,900 3 2 1623
5053 Foothills Dr B Condo $340,000 3 2 1252
532 2nd St Condo $495,000 2 2.5 1392
5751 Washington Ct Detached $525,000 5 2 2120
5695 Washington Ct Detached $575,000 4 2 1708
304 6th St Detached $639,900 1 1 941
2227 Hillside Dr Detached $715,000 4 3 3003
641 3rd St Condo $849,900 4 2.5 2092
649 3rd ST Condo $859,900 3 2.5 2274
16021 Parelius Circle Detached $919,000 4 2.5 4075
639 Carrera Ln Detached $1,275,000 5 3.5 4381
15566 Village Park Ct Detached $1,550,000 5 3.5 4381
2051 Wembley Park Rd Detached $1,600,000 4 3.5 3550

Pending Sales (Oct 8-14, 2018)

Address Type Price BR Baths Sq Ft CDOM
4 Touchstone #155 Condo $219,900 3 2.5 1351 28
16250 Pacific Hwy #64 Condo $249,000 2 2 1305 4
5711 McEwan Rd Detached $384,900 3 1 1467 20
7 Summit Ridge Ct Attached $435,000 2 2.5 1704 65
1651 Woodland Terr Detached $445,000 5 3 2737 84
63 Greenridge Ct Attached $524,000 3 2 1789 28
5835 Ridgetop Ct Detached $625,000 4 2.5 2375 197
18420 Deer Oak Ave Detached $649,000 4 3 2327 14
6123 Frost Ln Detached $650,000 4 2.5 2338 24
1055 Country Club Rd Detached $875,000 3 2 2908 151
16736 Sylvan Ct Detached $999,900 3 3 3914 6
211 Furnace St Detached $1,195,000 4 3.5 3301 96
3711 Wren St Detached $1,399,900 3 3.5 3250 188

Sold/Closed (Oct 8-14, 2018)

Address Type List Price Sold Price Sq Ft CDOM
4652 Lower Dr Condo $210,000 $220,000 1170 64
391 Livingood Ln Detached $540,000 $450,000 3872 22
17797 Overlook Circle Detached $549,900 $478,000 2908 71
13055 Princeton Ct Detached $675,000 $592,500 3142 42
17036 Crestview Dr Detached $620,000 $605,000 2768 91
5700 Ridgetop Ct Detached $674,000 $650,000 2737 8
17436 Wren Ct Detached $715,000 $715,000 2311 32
817 Hoodview Ln Detached $1,369,000 $1,369,000 4,141 90
3817 Upper Dr Detached $1,629,000 $1,600,000 4246 3
14335 Fosberg Rd Detached $1,990,000 $1,950,000 6526 64

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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This Week in Lake Oswego ~ Oct 15-19, 2018

This week (as most weeks) there are tons of activities to choose from in Lake Oswego. Fall is here and there are plenty of indoor choices.

Here are my picks for things happening this week!

Mon, Oct 15 2018– 9:30-11AM – Learning and Technology Group ~ -Every Monday this informal but comprehensive program welcomes walk-ins and addresses a wide array of technology issues. Recent topics have included Turbo Taax, Online Investing and more!~ Adult Community Center –  Info:  CLICK HERE

Tue, Oct 16, 2018 – Third Tuesday Author 7-8PM –  Don’t miss Colonel William E. Campbell who will be discussing his  book “The Vietnam War: An Untold Story of Drugs”. Colonel Campbell returned from Vietnam in 1972 after serving as Battalion Commander of the 90th Replacement Battalion. He witnessed first-hand the drug problems that affected the troops, and the Army’s attempt to detoxify those who had become addicted. ~ Lake Oswego Public Library  Info:  CLICK HERE  

Wed, Oct 17, 2018 – 1:30-3:30PM – Alzheimer’s Support Group – The Caregivers group is designed for family members and friends caring for older adults with memory problems related to Alzheimer’s. Everybody could use a little help, plus tips and information for caregivers. Co-Sponsored by the Alzheimer’s Association every third-Wednesday ~ Adult Community Center –Info:  CLICK HERE     

Thu, Oct 18, 2018 4:00-5:30PM – All Things Yarn! ~ Have you always wanted to learn how to knit? Are you an experienced knitter who likes to hang out with friends while knitting?  Either way, this is the place to be every third-Thursday for you!  Yarn & snacks provided. ~  Lake Oswego Public Library:  CLICK HERE

Fri, Oct 19, 2018 10:30-11AM (every Friday )- Baby Storytime– Bubbles, songs, laptime activities, and of course books, for you and your baby! – Lake Oswego Public Library Info: CLICK HERE

 

 

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Market Activity ~ Oct 1-7, 2018

Greetings Property Blotter Readers!

The market is relatively steady for this time of year. Last week 18 New properties entered the market, 19 moved to Pending status, and 17 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Oct 1-7, 2018)

Address List Price # Beds # Baths Total SF Prop Type
4640 LOWER DR $195,000 2 1.2 1170 CONDO
44 EAGLE CREST DR #22 $254,900 3 2 1085 CONDO
199 OSWEGO SMT #199 $264,900 2 2 1506 CONDO
4000 CARMAN DR #40 $279,000 2 2 906 CONDO
975 LUND ST $579,900 3 2 2300 DETACHD
939 DEVON LN $584,900 3 2 2165 DETACHD
8 HILLSHIRE DR $615,000 4 2.1 2848 DETACHD
13369 PETERS RD $625,000 4 2.1 2474 DETACHD
5807 RIDGETOP CT $710,000 5 2.1 2610 DETACHD
4858 MADRONA ST $799,900 3 2.1 1846 DETACHD
16736 SYLVAN CT $999,900 3 3 3914 DETACHD
2060 INDIAN TRL $1,250,000 3 2.1 2387 DETACHD
306 8th ST $1,299,900 4 4 2893 DETACHD
17686 Stafford (Lt4+TrctA) RD $1,595,000 5 3.1 4776 DETACHD
1074 Bayberry RD $1,625,000 3 3 3429 DETACHD
951 LAKE FRONT RD $1,658,000 3 2.1 1713 DETACHD
435 IRON MOUNTAIN BLVD $2,350,000 5 4.1 4714 DETACHD
1233 CHERRY LN $2,399,000 5 4.1 6052 DETACHD

PENDING SALES (Oct 1-7, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
202 CERVANTES / Grnd $205,000 2 2 890 CONDO 181
204 RIDGEWAY RD #204 $239,000 1 1 778 CONDO 12
668 MCVEY AVE #35 $280,000 1 1 636 CONDO 15
3954 CARMAN DR $289,999 2 2.1 1132 CONDO 96
5432 KENNY ST $444,900 3 1 1352 DETACHD 6
155 GREENWOOD RD $445,000 3 1 999 DETACHD 86
9 JUAREZ ST $449,900 4 3.1 2570 DETACHD 85
15008 TWIN FIR RD $494,900 7 2.4 3532 DETACHD 108
16800 LAKERIDGE DR $499,000 4 2.1 2160 DETACHD 65
1280 HALLINAN ST $524,900 3 2 1500 DETACHD 50
18238 TAMAWAY DR $679,900 5 3 5504 DETACHD 58
146 CHURCH ST $699,000 3 2 1924 DETACHD 4
5555 FIELDSTONE CT $699,900 4 2.1 2712 DETACHD 84
5 JUAREZ ST $749,000 5 3.1 4393 DETACHD 38
5326 WESTFIELD CT $775,000 4 3.1 3259 DETACHD 1
13637 Westlake DR $1,275,000 4 4.1 3927 DETACHD 171
17486 REDFERN AVE $1,449,900 4 4 3632 DETACHD 73
13705 KNAUS RD $1,675,000 4 3.1 5339 DETACHD 168
2812 Lakeview BLVD $1,900,000 3 2 2566 DETACHD 349

SOLD (Oct 1-7, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #44 $190,000 $180,000 2 1.1 823 CONDO 9
16250 PACIFIC HWY #47 $225,000 $235,000 2 1 1305 CONDO 3
210 S STATE ST #7 $299,900 $299,500 3 2 1284 CONDO 125
6096 HARRINGTON AVE $469,500 $465,000 3 2 2833 DETACHD 5
668 MCVEY AVE #31 $499,900 $499,000 3 1.1 992 CONDO 3
18421 INDIAN CREEK DR $515,000 $527,262 3 2 1836 DETACHD 4
4515 OAKRIDGE RD $630,000 $600,000 3 2.1 1981 ATTACHD 124
1871 KILKENNY DR $649,000 $609,000 5 2.1 3086 DETACHD 11
13220 THOMA RD $599,000 $625,000 3 2 2208 DETACHD 3
3413 ROYCE WAY $659,000 $628,000 3 2.1 2753 DETACHD 236
17226 TUALATIN ST $649,000 $629,000 4 2.1 1984 DETACHD 102
725 10TH ST $795,000 $744,000 3 2 2016 DETACHD 13
630 9TH ST $799,000 $789,000 4 3 2576 DETACHD 99
452 7TH ST $1,150,000 $1,010,000 4 2.1 2600 DETACHD 61
650 1ST ST $1,150,000 $1,025,000 3 2.1 2767 CONDO 24
2277 SUMMIT DR $1,288,000 $1,110,000 4 3.1 4659 DETACHD 66
17344 CEDAR RD $1,699,000 $1,662,500 5 2.1 2831 DETACHD 27

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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It’s the schools! It’s the schools! It’s the schools!

Lake Oswego High School
Hands down the number one reason that people move to Lake Oswego is for the schools. It’s why I moved here in 1998. It’s why my parents moved her with me in 1976. Previously I had lived in the Sellwood neighborhood of Southeast Portland. Sellwood is super charming and I loved my old Portland bungalow and jogging in Oaks Bottom. But when my daughter entered Sellwood Middle School I couldn’t help but wonder if Portland Public Schools was the best place for her. My family really values education. The curriculum in Portland just seemed a little loosy goosy to me. You only have this one shot at giving your kids the best opportunity possible and a great education goes along way towards accomplishing this goal.

The difference was night and day. Whereas in SE Portland teachers coped with a lot of disciplinary issues, in Lake Oswego kids arrived at school ready to learn. I know that my experience was from 1998, so it is not a reflection of what is currently the case between the two school districts, but the state-wide rankings have changed very little in 20 years.

Lakeridge High School
My son struggled in school. We took the time to have him tested and the Doctor who did the testing came up with an in-depth program to monitor him throughout the school day. It was basically a rewards system that was designed to keep him engaged with the classroom activities and not be distracted and not paying attention. I took that plan to his 4th grade teacher and without batting an eye she got on board. This already busy teacher with a full classroom and a full lesson plan had the energy and desire to add this new task to her day. I am so grateful!

Both of my kids did great. No, they weren’t super stars in academia or athletics. They were just regular kids that had their ups and their downs. I think being a kid, and particularly being a teenager, is pretty tough. Kids need a safe place with structure that gives them the tools to succeed. I feel like Lake Oswego Schools did this for them. My daughter went on to college, my son chose the military.

I’m so glad that we moved here at a time when my kids could benefit from the schools. If you are in this stage of your life, and are thinking you need to move your kids to get them into some of the best public schools in the state, think about a move to LO. You won’t regret it.

For a ranking of Lake Oswego schools as they compare to other schools statewide and nationally, click here.

Thanks for reading,
Dianne

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Market Activity Sept 24-30, 2018

Last week in Lake Oswego new listings were down to just 13. By the time we get to Christmas they’ll get to as few as 4 or 5. But think about that, even at Christmas folks are listing their homes for sale. The market is always happening! Along with 13 new listings, there were 19 properties that went into pending status and 23 sold/closed sales. 19 pending and 23 sold is right in line with what we’ve had happening since the end of August. This means that the buyers are still out there making offers. This is a great circumstance for selling!

Following is the breakdown for you according to RMLS:

New on the Market (Sept 24-30, 2018)

Address Type Price BR Baths Sq Ft
16790 Lake Forest Blvd Detached $349,900 2 1 780
9 Summit Ridge Ct Townhouse $399,000 2 2.5 1576
5432 Kenny St Detached $444,900 3 1 1352
17000 Gassner Ln Detached $557,000 3 2 1832
18420 Deer Oak Ave Detached $675,000 4 3 2327
146 Church St Detached $699,000 3 2 1924
8 Yorick St Detached $819,900 5 3 4451
3343 Fir Ridge Rd Detached $899,950 5 3 3334
18124 Pioneer Ct Detached $1,389,900 3 2.5 3201
16913 Canal Circle Detached $1,595,000 5 3.5+.5 4359
667 Lake Bay Ct Detached $1,849,000 4 3.5 3450
1688 Leslie Ln Detached $1,898,000 4 4.5 5540
1010 Northshore Rd Detached $3,398,000 3 3.5 4581

Pending Sales (Sept 24-30, 2018)

Address Type Price BR Baths Sq Ft CDOM
47 Eagle Crest Dr #52 Condo $129,900 1 1 665 89
3916 Carman Dr Condo $318,000 2 2.5 1098 71
6472 Dawn St Detached $389,950 3 2 1032 44
1218 Laurel St Detached $410,000 4 2 1485 73
4674 Rembrandt Ln Detached $429,000 3 2.5 1561 44
6096 Harrington Ave Detached $469,500 3 2 2833 5
1196 Oxford Dr Detached $479,000 4 3 2704 13
1039 Spruce St Detached $499,000 3 1.5 1486 97
17721 Arbor Ln Detached $499,999 3 2 1479 41
391 Livingood Ln Detached $540,000 5 3 3872 22
12 Juarez St Detached $648,000 4 3.5 3848 172
10 Morningview Circle Detached $689,000 4 3.5 3848 172
5561 Kilchurn Ave Detached $748,888 4 2.5 2803 63
161 Furnace St Condo $950,000 2 2 2134 22
2990 Glen Eagles Rd Detached $1,150,000 4 2.5 3787 153
844 5th St Detached $1,175,000 4 3 2590 3
13659 Westlake Dr Detached $1,295,000 4 3.5 4274 20
18137 Meadowlark Ln Detached $1,299,000 4 4.5 5306 389
17407 Redfern Ave Detached $1,345,000 4 4.5 5206 166

Sold/Closed (Sept 24-30, 2018)

Address Type List Price Sold Price Sq Ft CDOM
100 Kerr Pkwy #31 Condo $159,000 $159,000 618 12
4000 Carman Dr A10 Condo $218,500 $209,900 836 51
44 Eagle Crest Dr #22 Condo $227,999 $224,900 1085 39
213 Oswego Summit Condo $245,000 $245,000 1383 39
203 Cervantes Condo $380,000 $270,000 1100 28
17566 Blue Herron Ct Detached Auction $413,700 3412 21
40 Weatherstone Condo $429,000 $430,000 1692 35
18807 Kristi Way Detached $499,000 $499,000 1,256 6
17268 Fernwood Dr Detached $525,000 $517,500 2086 73
1400 Lee St Detached $575,000 $520,000 2840 62
540 6th St Detached $575,000 $525,000 748 0
2340 Oakhurst Ln Detached $625,000 $540,750 2860 15
6150 Kenny St Detached $625,000 $606,000 2070 8
17790 Overlook Circle Detached $639,900 $626,500 3480 97
18000 Westminster Dr Detached $680,000 $670,000 2679 101
13000 Rogers Rd Detached $749,900 $690,000 3252 83
4804 Heritage Ln Detached $739,000 $745,000 2458 6
14495 Pfeifer Dr Detached $739,500 $750,000 3732 7
3075 Royce Way Detached $799,000 $755,000 3724 125
17596 Oak Meadow Ln Detached $789,000 $772,000 2844 1
13822 Melrose Ln Detached $1,050,000 $972,000 3529 51
4287 Haven St Detached $1,349,950 $1,250,000 4007 56
18284 Meadowlark Ln Detached $1,375,000 $1,320,000 5425 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.

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News & Notes ~ August Numbers 2018

Activity continues to be mixed in the Portland area.  A lot of it is seasonal/happens every year. Some looks like a slight cooling trend.

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

  • According to the RMLS Market Action Report for the Portland Metro Area, August, 2018:
    • There were 4,214 New Listings in August 2018 which was up 4.1% from August of 2017’s 4,048, and down 2.3% from the previous month/July of 2018’s total of 4,312 .
    • At 2,967, August Closed Sales fell  2.2% from August 2017’s 3,034, and/but were up 8.4 % from the previous month/July 2018’s total of 2,736.
    • August’s Pending Sales (accepted offers), at 2,760 were cooler at 10.2% down from August of 2017’s 3,072, and 10.1% down as well from the previous month/July 2018’s total of  3,071.
    • The Average Sale Price in August of $462,400 was up $26,700 from August 2017’s $436,400, and also up from the previous month/July 2018’s $455,100 by $7,300.   

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

  • North Portland:  $403,000              4.6%   (July 415,900)
  • NE Portland:  $468,800                   4.1%   (July 467,400  )
  • SE Portland:  $427,500                   7.3%   (July 425,400)
  • Gresham/Troutdale:   $360,000   10.5%   (July 361,500)
  • Milwaukie/Clackamas:  $444,000  5.2%   (July 427,400  )
  • Oregon City/Canby:   $436,000      7.7%   (July 439,400)
  • Lake Oswego/West Linn:$745,100 5.1%   (July 689,700)
  • West Portland:    $646,200             3.6%   (July 591,000)
  • NW Wash County:  $557,900          4.4%   (July 552,500)
  • Beaverton/Aloha:     $406,600        8.0%   (July 383,600 )
  • Tigard/Wilsonville:   $466,100        8.1%   (July 452,700  )
  • Hillsboro/Forest Grove: $386,900  7.5%   (July 403,100)

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of August 2018 reported:

    •  510 Active Listings   (July 498)
    •  251 New Listings     (July 269)
    •  150 Pending Sales  (July 164)
    •  156 Closed Sales      (July 153)
    • Average Sale Price for August: $745,100  (July 689,700)
      • 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.
    •  58 Average Days on the Market   (July 53)
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Market Activity ~ Sept 17-23, 2018

Greetings Property Blotter Readers!

Well, fall is upon is. Activity continues & though it has slowed, it remains steady. There are 312 homes for sale in Lake Oswego. Last week 9 New properties entered the market, 17 moved to Pending status, and 19 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Sep 17-23, 2018)

Address List Price # Beds # Baths Total SF Prop Type
6880 SW MONTAUK CIR #6882 $220,000 2 1 924 CONDO
204 RIDGEWAY RD #204 $239,000 1 1 778 CONDO
668 MCVEY AVE #35 $280,000 1 1 636 CONDO
5711 MCEWAN RD $384,900 3 1 1467 DETACHD
6096 HARRINGTON AVE $469,500 3 2 2833 DETACHD
1196 OXFORD DR $489,000 4 3 2704 DETACHD
3306 EDGEMONT RD $585,000 4 2 1733 DETACHD
14580 UPLANDS DR $799,000 3 3 2120 DETACHD
14520 PFEIFER DR $909,000 4 3.1 4013 DETACHD

PENDING SALES (Sep 17-23, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
6925 SW MONTAUK CIR / Grnd $215,000 2 1 927 CONDO 8
196 RIDGEWAY RD / Grnd 320500 – 325900 3 2 1659 CONDO 6
1418 BOCA RATAN DR $375,000 4 2 1611 TOWNHSE 25
5305 KENNY ST $425,000 3 1 1170 DETACHD 16
5540 MCEWAN RD $458,000 3 3 1898 DETACHD 104
14311 SHERBROOK PL $498,000 3 2 1702 DETACHD 9
14 OTHELLO ST $614,900 4 2.1 2538 DETACHD 183
5156 GREENSBOROUGH CT $659,900 4 2.1 2462 DETACHD 4
12 DA VINCI ST $734,000 4 3 2959 DETACHD 56
5099 LAKEVIEW BLVD $824,900 3 3.1 2747 DETACHD 84
19463 LORNA LN $975,000 4 3.1 4055 DETACHD 88
13613 PROVINCIAL HILL WAY $999,500 5 3.1 4327 DETACHD 171
17600 UPPER CHERRY LN $1,075,000 4 3.1 3900 DETACHD 100
13589 ROGERS RD $1,084,900 4 4 3302 DETACHD 123
554 4TH ST $1,195,000 4 4.2 3376 TOWNHSE 243
13575 MEADOWCREEK LN $1,199,500 4 2.1 3370 DETACHD 116
3487 LAKE GROVE AVE $1,275,000 4 3.1 3473 DETACHD 27

SOLD (Sep 17-23, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #30 $166,500 $166,500 1 1 617 CONDO 6
4615 LAKEVIEW BLVD / Grnd $199,900 $189,000 1 1 753 CONDO 31
4000 CARMAN DR #E74 $204,900 $200,000 2 2 836 CONDO 56
4000 CARMAN DR #50 $244,900 $239,000 1 1 890 CONDO 140
12848 BOONES FERRY RD $389,900 $389,900 2 2.1 1182 CONDO 34
668 MCVEY AVE #58 $415,000 $415,000 3 1.1 992 CONDO 92
4837 REDWING WAY $429,900 $435,000 3 1.1 1180 DETACHD 3
4366 WOODSIDE CIR $437,500 $435,000 3 2.1 1963 ATTACHD 47
72 WHEATHERSTONE $439,900 $439,900 3 3.1 2465 CONDO 5
1115 OAK TER $498,000 $500,000 4 2.1 1880 DETACHD 12
17143 REBECCA LN $547,000 $515,000 3 2.1 1943 DETACHD 45
5475 WILLOW CT $575,000 $520,000 3 2.1 2438 ATTACHD 63
1565 MEADOWS DR $540,000 $537,000 3 2.1 2508 DETACHD 3
16942 CANAL CIR $675,000 $675,000 3 2 1551 DETACHD 6
2719 GREENTREE RD $689,000 $722,500 5 3.1 3886 DETACHD 3
18909 65TH AVE $1,050,000 $840,000 4 2 4858 DETACHD 16
14117 BARRINGTON CT $1,095,000 $1,060,000 4 3 3503 DETACHD 37
2212 GLENMORRIE LN $1,150,000 $1,110,000 5 2.1 3722 DETACHD 28
1056 BAYBERRY RD $1,549,000 $1,510,000 4 4 3805 DETACHD 124

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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Get Competitive and Get It Sold

5700 Ridgetop, sale pending
There has been a shift in the real estate market over the last 6 months. The shift has been away from a sellers market where buyers were aggressively making full-price or better offers, writing emotional letters to convince sellers to pick them as the buyer, and doing whatever it takes to get into escrow on a house that they wanted. Today it is much different. The market has slowed down. Today houses are staying on the market longer and buyers are in a position to negotiate with sellers for prices and terms that are more to their liking.

I don’t want to imply that the market is diving. It is not. What it is, I would characterize, as being more balanced. Yes, prices have leveled off. Average market time is a bit longer, but a well-priced and properly staged home will still sell in days and at asking price or better.

$674,000, sold in 8 days
When there is a shift in the market it isn’t obvious until a couple of months into the change. This means that last spring, say in about April, Realtors were not yet aware of the change. At that point we were still thinking it was a seller’s market. It is highly normal for a person selling their home to want to get every dollar possible out of the sale. In a seller’s market this allows sellers to learn of the current value and then wishfully add on an extra $10,000 or so. It worked when the market was in their favor, but it doesn’t work when the shift is happening to favor buyers. This means that many homes listed last spring were over-priced and have languished on the market. If you are following the market with an app such as zillow or redfin, you are getting lots of push alerts about price reductions. Those are the houses that were priced too high and not reflective of what is actually happening.

So what if you want to sell your house in this climate? You’ve got to get competitive and you will win. What do you need to do to get competitive? You need to do the work of getting your house ready and then pricing it for what it is actually worth and not for what you wish you could get out of it.

Properly prepared, properly priced
Getting your house ready means cleaning and repairing it is much as possible. This past week I wrote an offer for a client on a house with broken and missing bedroom doors, as well as a back yard that a large dog has torn up and gotten the siding on the back of the house extremely muddy. It would take a weekend for the home owners to pressure wash the back of the house, put out some pots with flowers in them, and replace about 6 doors. I don’t know the exact cost but I’d put it at under $1000. The reward would be a much more desirable property and, I believe, would get them about $10,000 more in the selling of their home. This offer did not come together. The home owners simply are not being reasonable about the condition of their home as it relates to the list price.

That is a nice segway into proper pricing. Your home needs to be priced to reflect the recent sale of similar homes in your neighborhood. It is worth what the market is demonstrating that it is worth.

This is not rocket science. Properly prepare your home and then properly price it. You’ll realize a good sale, at the best value of the current market, and you won’t be sitting on it hoping for a buyer to come along 4 or 5 months from now.

Please let Linda or I know if you have any questions. In addition, don’t hesitate to reach out to either one of us if you are wondering what your home is currently worth. We are happy to help!
Dianne

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Market Activity Sept 10-16, 2018

I think we are at an interesting juncture in the real estate market. We have all heard of a “buyer’s” market, where buyers are in control, and a “seller’s” market, where sellers get what they want. I think right now our market is very balanced. I look at the closed and pending sales from last week, combined they equal 41 properties, and 13 of them, about 25%, sold in less than 2 weeks. 11 took more than 3 months to sell. Bottom line is price your property right and you will sell quickly and likely have a very smooth transaction. Over pricing leads to extended market time. That is just how it works.

Last week in Lake Oswego we had 17 new listings, 21 properties go into pending status, and 20 closed/sold homes.

Following is the breakdown for you according to RMLS:

New on the Market (Sept 10-16, 2018)

Address Type Price BR Baths Sq Ft
100 Kerr Parkway #19 Condo $169,900 1 1 617
6925 Montauk Circle Condo $215,000 2 1 927
4 Touchstone #155 Condo $219,900 3 2.5 1351
5225 Jean Rd Condo $264,900 2 2 1098
4043 Jefferson Parkway Condo $289,900 2 2.5 1182
110 Kingsgate Rd Detached $494,900 3 2.5 1669
14311 Sherbrook Pl Detached $498,000 3 2 1702
63 Greenridge Ct Attached $549,000 3 2 1789
17 Laurel St Detached $575,000 3 1.5 3096
6474 Frost St Detached $649,900 4 2.5 2216
6123 Frost Ln Detached $650,000 4 2.5 2338
1010 Upper Devon Ln Detached $699,000 4 2.5 3066
6044 Clairmont Ct Detached $989,900 4 2.5 3430
1813 Palisades Lake Ct Detached $1,015,000 5 3.5 4119
19114 35th Pl Detached $1,200,000 4 4.5 5447
19025 Hilltop Detached $1,975,000 5 4 5015
4101 Southshore Blvd Detached $3,995,000 3 3.5 3707

Pending Sales (Sept 10-16, 2018)

Address Type Price BR Baths Sq Ft CDOM
39 Oswego Summit Condo $220,000 2 2 1212 88
4652 Lower Dr Condo $220,000 2 1.5 1170 64
1033 Hallinan St Detached $414,900 3 1 936 16
4301 Collins Way Detached $519,000 3 2 1617 21
17310 Canyon Dr Detached $550,000 5 3 2716 106
775 Boca Ratan Dr Detached $550,000 4 3.5 2710 113
553 6th St Detached $579,000 1 1 1876 38
36 Westridge Dr Detached $584,999 4 3 2803 59
145 Del Prado St Detached $600,000 3 2 2137 25
17036 Crestview Dr Detached $620,000 4 3 2768 91
13055 Princeton Ct Detached $625,000 4 2.5 3142 42
4515 Oakridge Rd Attached $630,000 3 2.5 1981 124
5700 Ridgetop Ct Detached $674,000 4 2.5 2737 8
17436 Wren Ct Detached $715,000 3 3 2311 32
2013 Ridgewood Rd Detached $734,300 4 2.5 3181 79
350 6th ST Detached $749,000 3 3 2329 70
4896 Hastings Dr Detached $799,900 4 2.5 2785 2
452 7th St Detached $1,050,000 4 2.5 2600 61
2277 Summit Dr Detached $1,150,000 4 3.5 4659 66
3817 Upper Dr Detached $1,629,000 4 3.5 4246 3
2090 Crest Dr Detached $1,695,000 3 2.5 3258 59

Sold/Closed (Sept 10-16, 2018)

Address Type List Price Sold Price Sq Ft CDOM
92 Oswego Summit Condo $175,000 $175,000 764 2
109 Oswego Summit Condo $234,900 $237,900 1212 4
236 Ridgeway Rd 16A Condo $250,000 $250,000 914 10
5225 Jean Rd #501 Condo $349,900 $349,900 1500 6
9 Oriole Ln Detached $429,000 $411,000 1928 159
16060 Bonaire Ave Detached $389,000 $450,000 960 3
1660 Woodland Terrace Detached $509,000 $497,090 2728 188
17141 Hofer Ct Detached $515,000 $530,750 2076 5
1459 Greentree Circle Detached $595,000 550000% 1716 29
2401 Hillside Dr Detached $649,900 $649,900 3342 15
1435 Greentree Circle Detached $650,000 $650,000 2269 2
55 Northshore Rd #1 Condo $759,000 $765,000 2750 54
17682 Stafford Rd Detached $975,000 $975,000 3313 74
1828 Egan Way Detached $1,195,000 $1,050,000 3779 340
1563 Bay View Ln Detached $1,740,000 $1,057,000 5615 396
790 Terrace Dr Detached $1,195,000 $1,112,500 3734 125
17210 Cedar Rd Detached $2,095,000 $1,875,000 2813 40
260 Iron Mountain Blvd Detached $2,798,000 $2,400,000 6048 802
13188 Twin Creek Ct Detached $859,000 $850,000 3480 20
418 Northshore Rd Detached $1,098,000 $935,000 2838 190

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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Support Local Businesses!

A rare bit of personal whimsy from me on this page~ My Dad had a philosophy about “cheering for the underdog”. I am pretty supportive of great success, so have never really waved this flag high, and am enthusiastic about “big”…as long as it’s Good. 😉 I DO have a long-standing preference for supporting smaller, sometimes family-owned businesses. I married a man who Loves animals, and so founded and runs a natural pet supply store. I like these kinds of people. So, when you work with me, the list of contractors I recommend are people I’ve usually known for some time, are licensed, bonded and trustworthy, and have a history of doing great work for often less than “big” cost. Just musing about that and the origins. ***Support local business!***