We wish for you a long weekend of relaxing time with family and friends. We all have so much to be grateful for. Happy Thanksgiving from us at the Property Blotter!
The Importance of Property Disclosure
First, a bit about disclosure law in Oregon. Our State has a property disclosure law that requires a person selling a house to tell what they know about the house, and in particular, any known defects. To accomplish this there is a 5-page form that sellers complete and then give to their buyer. Once the buyer and/or the buyer’s Realtor receive this form a clock starts ticking. The buyer has 5 business days to simply change their mind. They get their earnest money back and have no need to provide any justification. Think of it as being like the 3-day lemon law when you buy a car. Same thing. You can wake up one morning in the disclosure period and simply not want to buy the house. There are exemptions made for bank foreclosures, trustees, and essentially parties who have control of the property but no knowledge of the material condition of the property. There is also the possibility, very, very slim, that a seller would refuse to complete the disclosure form. They can actually do this. However, this means that the disclosure period does not end and a buyer can terminate with no cause at any time. What person selling a home would want to leave such an open ended way for a buyer to terminate? Also, what buyer would want to buy a house from a person who won’t tell them what they know? Even if a person selling a home refused to fill out the form, it does not relieve them of their legal obligation to tell what they know.
For Sellers
Property disclosure is probably the single most important thing you are going to do when selling a house. Tell what you know. It is that simple. I recommend that you over disclose as opposed to under disclose. So if the kitchen sink leaked and you fixed it, tell about it. During the home inspection the home inspector will find the water stains, now dry, underneath the kitchen sink. If you haven’t told about it, it will create an element of distrust for your buyer who will want to know “how come they didn’t mention that?”
To fully disclose you will need additional pages. There is a form for this, or you can simply write it out, sign it, and have it attached to the disclosure form.
Don’t be afraid of disclosing. At the time the buyer receives the disclosure form, they have just experienced the excitement of getting their offer accepted. They are usually happy and ready to learn about their new home. They are mentally in a place where they will take news in a good way. This will probably not be the case a week or two into the transaction when the buyer is also coping with all that they learned in the home inspection.
Tell what you know. It is your most important responsibility and it is also the place that you are mostly likely to get into trouble if you don’t tell what you know. This knowledge is to the best of your ability on the day that you fill out the form. If you don’t know the answer to a question, that’s OK. You are not expected to go out and find the answer. It also means that after completing the form, if you do learn new information, you should amend the document to keep it current.
For Buyers
The disclosure period is a wonderful opportunity to allow yourself to take a deep breath and make certain that this is the house that you want to buy. It takes some of the pressure off when you make you offer, particularly in a really tight seller’s market. You can go into your offer knowing you’ll have this cooling offer period. Bear in mind that those exemptions are out there for properties like bank foreclosures.
When you receive the seller’s disclosure statement, you have a right to expect it to be completely filled out, with no unanswered questions, and with explanation for anything the seller tells you that raises concerns. If the roof has leaked, and the seller checked the box “yes”, but then says nothing more, you have the right to ask for a better explanation. I have sent property disclosure forms back to the listing Realtor and refused to accept them that were poorly completed. Doing this forces the seller to give it another go and to do so more thoroughly. That is an unusual step to take, but it may be necessary.
Ask questions. Even with a good explanation, perhaps you don’t have a full picture. It’s OK to ask for receipts or contact information for a contractor. The more knowledge you have, the better.
In General
Both buyers and sellers benefit from thorough property disclosure. We are lucky to live in a state that requires it.
Please let us know if you have any questions,
Dianne
Market Activity Nov 6-12, 2017
While the market is slow as compared to June, it is still both strong and consistent. Last week Lake Oswego had 12 properties come onto the market, 22 received accepted offers and go into pending status, and 13 closed sales.
I have the belief that the greatest strength in real estate at this time of year is that people are motivated. They are buying or selling because they truly want to. There is much to be thankful for, including our healthy real estate market.
Following is the breakdown for you according to RMLS:
New on the Market (Nov 6-12, 2017)
| Address | Type | Price | BR | Baths | Sq Ft |
| 100 Kerr Pkwy #59 | Condo | $194,900 | 2 | 1.5 | 823 |
| 4 Touchstone #148 | Condo | $224,900 | 3 | 2.5 | 1351 |
| 204 Cervantes | Condo | $225,000 | 3 | 1.5 | 1138 |
| 16250 Pacific Hwy #47 | Condo | $225,000 | 2 | 1 | 1305 |
| 5061 Foothills Dr A | Condo | $309,500 | 2 | 2 | 991 |
| 21 Masaryk St | Detached | $615,000 | 4 | 2.5 | 2773 |
| 1661 Woodland Terrace | Detached | $625,000 | 3 | 2.5 | 3178 |
| 4910 Lower Dr | Detached | $675,000 | 3 | 2.5 | 2151 |
| 5303 Amberwood Ct | Detached | $999,999 | 3 | 2.5 | 3634 |
| 16987 Alder Circle | Detached | $1,095,000 | 2 | 2.5 | 1991 |
| 3485 Upper Dr | Detached | $1,169,000 | 4 | 2.5 | $3,332 |
| 4726 Upper Dr | Detached | $1,499,000 | 4 | 3.5 | 3962 |
Pending Sales (Nov 6-12, 2017)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 45 Eagle Crest Dr #415 | Condo | $199,500 | 2 | 1.5 | 1056 | 119 |
| 5225 Jean Rd #313 | Condo | $265,000 | 2 | 2 | 1200 | 63 |
| 88 Greenridge Ct #88 | Attached | $270,000 | 2 | 2 | 1314 | 24 |
| 4085 Jefferson Pkwy | Condo | $299,900 | 2 | 2.5 | 1302 | 60 |
| 17635 Deemar Way | Detached | $379,999 | 3 | 2 | 1488 | 172 |
| 17 Touchstone | Detached | $499,999 | 5 | 3 | 2569 | 70 |
| 13606 Blazer Trail | Detached | $525,000 | 4 | 2.5 | 2418 | 19 |
| 17323 Ashley Ct | Attached | $525,000 | 3 | 2.5 | 2117 | 0 |
| 5524 Langford Ln | Detached | $550,000 | 2 | 2 | 2038 | 44 |
| 18866 Indian Springs Circle | Detached | $619,900 | 3 | 3 | 2004 | 20 |
| 16 Bernini Ct | Detached | $620,900 | 4 | 3.5+.5 | 4642 | 22 |
| 18632 Deerbrush Ave | Detached | $624,900 | 3 | 2.5 | 1962 | 6 |
| 5418 Washington Ct | Detached | $679,900 | 3 | 2.5 | 2074 | 28 |
| 29 Del Prado St | Detached | $735,000 | 4 | 2 | 3037 | 7 |
| 2481 Marylshire Ln | Detached | $768,000 | 4 | 3.5 | 4091 | 241 |
| 4006 Canal Woods Ct | Detached | $775,000 | 5 | 3.5 | 3514 | 143 |
| 555 Atwater Rd | Detached | $799,000 | 5 | 3 | 4016 | 127 |
| 12750 Fielding Rd | Detached | $995,000 | 3 | 2 | 3018 | 41 |
| 18909 65th Ave | Detached | $1,050,000 | 4 | 2 | 4858 | 16 |
| 768 7th St | Detached | $1,300,000 | 4 | 3.5 | 2802 | 121 |
| 1940 Highlands Loop | Detached | $1,698,000 | 5 | 4.5+.5 | 4080 | 250 |
| 1000 Atwater Rd | Detached | $2,695,000 | 5 | 4.5+.5 | 6531 | 41 |
Sold/Closed (Nov 6-12, 2017)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 88 Cervantes Circle | Condo | $200,000 | $197,000 | 912 | 5 |
| 16219 Bonaire Ave | Detached | $449,900 | $421,000 | 1,594 | 101 |
| 13 Belmore Ave | Detached | $509,900 | $457,500 | 1,844 | 69 |
| 1437 Greentree Circle | Detached | $624,900 | $585,000 | 2400 | 96 |
| 655 8th St | Detached | $649,900 | $610,000 | 1611 | 27 |
| 4361 Southshore Blvd | Detached | $695,000 | $630,000 | 2406 | 54 |
| 5455 Langford Ln | Detached | $845,000 | $820,000 | 3398 | 132 |
| 12808 Elk Rock Rd | Detached | $999,000 | $887,500 | 3970 | 204 |
| 13526 Snowberry Ct | Detached | $905,000 | $905,000 | 3,718 | 0 |
| 15476 Diamond Head Rd | Detached | $1,395,000 | $950,000 | 3743 | 26 |
| 18639 Pilkington Rd | Detached | $1,400,000 | $1,350,000 | 4148 | 118 |
| 16938 Alder Circle | Detached | $1,950,000 | $1,750,000 | 3241 | 122 |
| 14050 Goodall Rd | Detached | $2,000,000 | $2,000,000 | 6,714 | 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.
Thank You For Your Service
We here at the Property Blotter want to thank each and every one of those who have served and sacrificed for the ideals and freedom of this country we all love and call home. 
Market Activity ~ Oct 30- Nov 5, 2017
We’re humming right along. Last week saw 14 New properties enter the market in Lake Oswego, 19 move to Pending status, and 15 “Closed”/Sold.
Following is the breakdown for you according to RMLS:
NEW on Mkt (Oct 30-Nov 5, 2017)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 200 BURNHAM RD #300 | $215,000 | 1 | 1 | 973 | CONDO |
| 14796 DAVIS LN | $509,900 | 3 | 2.1 | 1964 | TOWNHSE |
| 5866 RIDGETOP CT | $539,000 | 3 | 2 | 1866 | DETACHD |
| 17280 WESTVIEW DR | $550,000 | 3 | 3 | 2324 | DETACHD |
| 17 FALSTAFF ST | $599,000 | 4 | 3 | 2450 | DETACHD |
| 18632 DEERBRUSH AVE | $624,900 | 3 | 2.1 | 1962 | DETACHD |
| 2401 MAYORS LN | $699,999 | 3 | 3 | 3004 | DETACHD |
| 29 DEL PRADO ST | $735,000 | 4 | 2 | 3037 | DETACHD |
| 17167 CEDAR RD | $764,900 | 3 | 2 | 2673 | DETACHD |
| 2983 LAKEVIEW BLVD | $799,000 | 3 | 2.1 | 2583 | DETACHD |
| 16101 PARELIUS CIR | $1,165,000 | 4 | 3 | 3974 | DETACHD |
| 1505 COUNTRY CLUB RD | $1,195,000 | 6 | 4.1 | 6043 | DETACHD |
| 768 7TH ST | $1,300,000 | 4 | 3.1 | 2802 | DETACHD |
| 18320 RIVER EDGE LN | $1,988,000 | 4 | 5 | 4608 | DETACHD |
PENDING SALES (Oct 30-Nov 5, 2017)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 100 KERR PKWY #42 | $189,500 | 2 | 1.1 | 822 | CONDO | 13 |
| 50 SW CERVANTES CIR | $213,750 | 2 | 1.1 | 1368 | CONDO | 3 |
| 90 OSWEGO SMT/Upper | $239,500 | 2 | 2 | 1140 | CONDO | 86 |
| 30 GREENRIDGE CT | $335,000 | 2 | 1.1 | 1928 | ATTACHD | 100 |
| 16219 BONAIRE AVE | $419,900 | 4 | 2 | 1594 | DETACHD | 101 |
| 5880 ROCKWOOD CT | $450,000 | 3 | 2 | 1772 | DETACHD | 9 |
| 28 NORTHVIEW CT | $525,000 | 2 | 3 | 2092 | ATTACHD | 85 |
| 3312 SABINA CT | $570,000 | 3 | 2 | 1758 | DETACHD | 36 |
| 653 3RD ST | $574,999 | 3 | 2 | 1522 | DETACHD | 1 |
| 1642 HIGHLAND DR | $599,000 | 4 | 3 | 2234 | DETACHD | 111 |
| 17784 CARDINAL DR | $599,900 | 4 | 3 | 2184 | DETACHD | 80 |
| 20 MORNINGVIEW CIR | $610,000 | 3 | 2.1 | 2698 | DETACHD | 184 |
| 13422 AUBURN CT | $625,000 | 3 | 2.1 | 2612 | ATTACHD | 32 |
| 12 SCARBOROUGH DR | $639,900 | 4 | 2.1 | 2966 | DETACHD | 187 |
| 18410 DEERBRUSH AVE | $645,000 | 4 | 2.1 | 2246 | DETACHD | 92 |
| 133 FURNACE ST/Upper | $798,000 | 2 | 3 | 1927 | CONDO | 8 |
| 12750 FIELDING RD | $995,000 | 3 | 2 | 3018 | DETACHD | 38 |
| 13597 ROGERS RD | $1,179,000 | 4 | 4 | 3945 | DETACHD | 92 |
| 17502 BLUE HERON DR | $2,195,000 | 5 | 3.1 | 4996 | DETACHD | 94 |
SOLD (Oct 30-Nov 5, 2017)
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 16250 PACIFIC HWY #49 | $239,000 | $235,000 | 2 | 2 | 1305 | CONDO | 9 |
| 480 S STATE ST | $325,000 | $292,000 | 3 | 2 | 1659 | CONDO | 200 |
| 5141 CENTERWOOD ST | $425,000 | $425,000 | 3 | 2 | 1539 | DETACHD | 0 |
| 100 LEONARD ST 4-2 | $500,000 | $458,750 | 3 | 2.1 | 2537 | CONDO | 65 |
| 12729 19TH AVE | $549,900 | $477,000 | 4 | 2 | 2700 | DETACHD | 120 |
| 800 WOODWAY CT | $550,000 | $492,000 | 4 | 3 | 2066 | DETACHD | 102 |
| 18906 KRISTI WAY | $568,000 | $540,000 | 3 | 2 | 1864 | DETACHD | 45 |
| 768 7TH ST | $674,900 | $550,000 | 3 | 2 | 1359 | DETACHD | 68 |
| 2 EL GRECO ST | $649,000 | $644,000 | 5 | 3 | 3057 | DETACHD | 6 |
| 19080 INDIAN SPRINGS CIR | $685,000 | $655,000 | 4 | 2 | 2406 | DETACHD | 217 |
| 4100 COLTSFOOT LN | $775,000 | $675,000 | 3 | 2.1 | 2840 | DETACHD | 77 |
| 14283 EDENBERRY DR | $689,000 | $689,000 | 3 | 2.1 | 2248 | DETACHD | 2 |
| 18462 PIONEER CT | $724,900 | $709,600 | 5 | 3 | 3804 | DETACHD | 2 |
| 19487 DOGWOOD CT | $745,000 | $730,000 | 5 | 3 | 3105 | DETACHD | 15 |
| 3623 EENA RD | $999,900 | $950,000 | 4 | 3.1 | 3422 | DETACHD | 217 |
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 Oct 23-29, 2017
There was a bit of a shift in the numbers last week. Just 11 new listings came onto the market but a surge in pending sales to 24, and in closed sales to 21, is a clear picture of the coming holidays. Lots of people planning to get into their new homes before festivities get into full swing. It is a great time to sell your house with lower inventory and strong, serious demand.
Following is the breakdown for you according to RMLS:
New on the Market (Oct 23-29, 2017)
| Address | Type | Price | BR | Baths | Sq Ft |
| 668 McVey Ave | Condo | $149,900 | 2 | 1.5 | 976 |
| 3 Mountain Circle | Attached | $439,000 | 3 | 2 | 1464 |
| 5880 Rockwood Ct | Detached | $450,000 | 3 | 2 | 1772 |
| 14332 Sherbrook Pl | Detached | $450,500 | 3 | 2.5 | 1770 |
| 56 Condolea Ter | Condo | $575,000 | 3 | 2.5 | 2958 |
| 13758 Regency Ct | Detached | $614,000 | 3 | 2.5 | 1986 |
| 559 Sunny Hill Dr | Detached | $629,500 | 4 | 2.5 | 2450 |
| 6073 Carman Dr | Detached | $775,000 | 3 | 2.5 | 2751 |
| 18909 65th Ave | Detached | $1,050,000 | 4 | 2 | 4858 |
| 13707 Fielding Rd | Detached | $1,295,000 | 4 | 3 | 3337 |
| 3919 Southshore Blvd | Detached | $1,899,000 | 4 | 3.5 | $4,150 |
Pending Sales (Oct 23-29, 2017)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 47 Eagle Crest Dr #8 | Condo | $175,000 | 2 | 1 | 932 | 101 |
| 4000 Carman Dr C45 | Condo | $180,000 | 1 | 1 | 767 | 4 |
| 200 Burnham Rd #303 | Condo | $220,000 | 2 | 1 | 1199 | 53 |
| 54 Galen St #54 | Condo | $239,900 | 2 | 2 | 995 | 4 |
| 100 Leonard St 2-1 | Condo | $429,000 | 2 | 2 | 1364 | 24 |
| 5907 Kenny St | Detached | $450,000 | 3 | 2 | 1300 | 12 |
| 1675 Hallinan St | Detached | $465,000 | 3 | 2.5 | 2450 | 84 |
| 100 Leonard St 2-2 | Condo | $525,000 | 2 | 2 | 1676 | 79 |
| 19240 Maree Ct | Detached | $525,000 | 3 | 2.5 | 1964 | 2 |
| 4954 Bilford Ln | Detached | $575,000 | 2 | 2 | 1890 | 46 |
| 9 Falstaff St | Detached | $577,000 | 4 | 2.5 | 2436 | 217 |
| 19180 Indian Creek Ave | Detached | $599,900 | 4 | 3 | 2392 | 7 |
| 13422 Vermeer Dr | Detached | $619,000 | 4 | 3 | 2682 | 29 |
| 2033 Ridgewood Rd | Detached | $674,000 | 4 | 2.5 | 2668 | 451 |
| 17519 Brookhurst Dr | Detached | $824,900 | 4 | 4 | 3758 | 46 |
| 5406 Langford Ln | Detached | $845,000 | 3 | 2.5 | 3415 | 5 |
| 5349 Carman Grove Ln | Detached | $869,900 | 4 | 3 | 2847 | 189 |
| 13845 Amberwood Circle | Detached | $885,000 | 4 | 2.5 | 3277 | 70 |
| 6615 McEwan Rd | Detached | $928,000 | 4 | 1.5 | 1492 | 2 |
| 1011 Lake Shore Rd | Detached | $1,195,000 | 3 | 3 | 2820 | 69 |
| 13593 Westlake Dr | Detached | $1,350,000 | 4 | 3.5 | 4172 | 73 |
| 610 4th St | Detached | $1,525,000 | 4 | 2.5 | 3394 | 49 |
| 1000 Atwater Rd | Detached | $2,695,000 | 5 | 4.5+.5 | 6531 | 21 |
| 1495 Oak Terrace | Detached | $2,795,000 | 4 | 4 | 3983 | 86 |
Sold/Closed (Oct 23-29, 2017)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 45 Eagle Crest Dr #220 | Condo | $210,000 | $210,000 | 768 | 10 |
| 57 Church St | Condo | $214,900 | $226,000 | 636 | 5 |
| 58 Oswego Summit | Condo | $238,500 | $232,000 | 1,212 | 57 |
| 562 S State St | Condo | $259,000 | $259,000 | 778 | 17 |
| 5495 Tree St | Detached | $459,900 | $399,500 | 1388 | 51 |
| 17710 Hill Way | Detached | $429,900 | $417,000 | 1637 | 42 |
| 7 Saint Helens Circle | Detached | $400,000 | $420,000 | 1275 | 3 |
| 574 2nd St | Attached | $479,000 | $465,000 | 1394 | 51 |
| 9 Becket St | Detached | $489,900 | $478,900 | 3,115 | 5 |
| 13188 Vermeer Dr | Detached | $495,000 | $486,500 | 1854 | 19 |
| 1931 Kilkenny Rd | Detached | $535,000 | $500,000 | 2411 | 68 |
| 16580 Maple Circle | Detached | $585,000 | $515,000 | 2059 | 67 |
| 6236 Wayzata Ct | Detached | $639,000 | $589,000 | 2,752 | 107 |
| 320 Berwick Rd | Detached | $775,000 | $775,000 | 2780 | 0 |
| 5665 Grand Oaks Dr | Detached | $899,000 | $905,900 | 4226 | 9 |
| 456 Lake Bay Ct | Detached | $945,000 | $975,000 | 2393 | 2 |
| 547 Middlecrest Rd | Detached | $1,098,000 | $1,100,000 | 1888 | 55 |
| 915 Skyland Dr | Detached | $1,590,000 | $1,275,000 | 7072 | 204 |
| 2757 Glen Haven Rd | Detached | $1,590,000 | $1,590,000 | 4604 | 85 |
| 4256 Lakeview Blvd | Detached | $1,700,000 | $1,700,000 | 3117 | 103 |
| 853 G Ave | Detached | $1,800,000 | $1,900,260 | 4423 | 18 |
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 ~ Sept 2017 Data
Here is your look at the most recent data for the entire Portland area and how Lake Oswego fits in to this picture below:
- According to the RMLS Market Action Report for the Portland Metro Area, September, 2017:
- There were 3,644 New Listings in Sept 2017 which was down .08% from Sept of 2016’s 3,673, and down 10% from August of 2017’s total of 4,048.
- At 2,660, Sept Closed Sales were down 5.8% from Sept 2016’s 2,823, and 12.3% from the previous month/August 2017’s total of 3,034.
- September’s Pending Sales (accepted offers), at 2,730 dropped 4.4% from Sept of 2016’s 2,857, and 11.1% from the previous month/August 2017’s total of 3,072.
- The Average Sale Price in September of $426,700 was up $34,500 from September 2016’s $392,200, and down from August 2017’s $436,400 by $9,700. (***This is typical seasonal adjustment. This year we’ve seen roughly $10,000 drops in Average Sale Price per month in August and Sept.)
August Average Sale Price + Appreciation (last 12 months):
- North Portland: $374,900 7% (Aug $436,400)
- NE Portland: $447,100 9.6% (Aug $460,100)
- SE Portland: $400,900 8.7% (Aug $391,200)
- Gresham/Troutdale: $341,800 10.5% (Aug $333,300)
- Milwaukie/Clackamas: $418,500 10.4% (Aug $420,300)
- Oregon City/Canby: $416,900 8.9% (Aug $394,800)
- Lake Oswego/West Linn:$678,200 8.2%(Aug $713,800)
- West Portland: $572,100 6.9% (Aug $567,100)
- NW Washington County:$501,200 9.9%(Aug $526,500)
- Beaverton/Aloha: $369,200 9.7% (Aug $376,800)
- Tigard/Wilsonville: $434,600 6.3% (Aug $439,300)
- Hillsboro/Forest Grove: $385,400 12.1% (Aug $382,800)
The combined areas of Lake Oswego and West Linn for the month of August 2017 reported:
-
- 469 Active Listings
- 199 New Listings
- 87 Pending Sales
- 126 Closed Sales
- Average Sale Price for Sept: $678,200
- 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: 54 Days
Market Activity ~ Oct 16-22, 2017
Great, steady activity. Last week saw 20 New properties enter the market in Lake Oswego, 17 move to Pending status, and 12 “Closed”/Sold.
Following is the breakdown for you according to RMLS:
NEW on Mkt (Oct 16-22, 2017)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 4000 CARMAN DR #C45 | $180,000 | 1 | 1 | 767 | CONDO |
| 100 KERR PKWY #42 | $189,500 | 2 | 1.1 | 822 | CONDO |
| 5720 KENNY ST | $420,000 | 3 | 2 | 1416 | DETACHD |
| 13606 BLAZER TRL | $525,000 | 4 | 2.1 | 2418 | DETACHD |
| 17755 OVERLOOK LN | $529,900 | 4 | 2.1 | 3198 | DETACHD |
| 17736 CARDINAL CT | $535,000 | 4 | 2.1 | 2280 | DETACHD |
| 3845 TEMPEST DR | $575,000 | 4 | 2.1 | 1931 | DETACHD |
| 19180 INDIAN CREEK AVE | $599,900 | 4 | 3 | 2392 | DETACHD |
| 780 BRIERCLIFF LN | $599,900 | 5 | 3.1 | 2502 | DETACHD |
| 16 BERNINI CT | $620,900 | 4 | 3.2 | 4642 | DETACHD |
| 18866 INDIAN SPRINGS CIR | $649,900 | 3 | 3 | 2004 | DETACHD |
| 3962 BASS LN | $659,000 | 3 | 2.1 | 2237 | DETACHD |
| 5406 LANGFORD LN | $845,000 | 3 | 2.1 | 3415 | DETACHD |
| 16 CELLINI CT | $869,000 | 3 | 2.1 | 3049 | DETACHD |
| 236 PINE VALLEY RD | $875,000 | 3 | 2.1 | 1996 | DETACHD |
| 18120 DELENKA LN | $899,000 | 5 | 2.1 | 3157 | DETACHD |
| 3242 GLENMORRIE DR | $979,900 | 3 | 2.1 | 3146 | DETACHD |
| 17 Hilltop | $1,350,000 | 3 | 3.1 | 3335 | DETACHD |
| 2236 SUMMIT CT | $2,200,000 | 3 | 2.1 | 4066 | DETACHD |
| 2812 Lakeview BLVD | $2,500,000 | 3 | 2 | 2566 | DETACHD |
PENDING SALES (Oct 16-22, 2017)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 66 OSWEGO SMT | $189,900 | 1 | 1 | 764 | CONDO | 37 |
| 88 CERVANTES CIR | $200,000 | 2 | 1.1 | 912 | CONDO | 5 |
| 201 OSWEGO SMT #201 | $229,900 | 2 | 2 | 1383 | CONDO | 106 |
| 88 GREENRIDGE CT #88 | $270,000 | 2 | 2 | 1314 | ATTACHD | 4 |
| 5225 Jean RD #511 | $275,000 | 3 | 2 | 1400 | CONDO | 9 |
| 4103 JEFFERSON PKWY | $329,900 | 2 | 2.1 | 1359 | CONDO | 6 |
| 6451 MCEWAN RD | $379,900 | 3 | 1.1 | 1080 | DETACHD | 9 |
| 18013 BELMORE AVE | $479,900 | 3 | 2 | 1844 | DETACHD | 69 |
| 5524 LANGFORD LN | $550,000 | 2 | 2 | 2038 | DETACHD | 22 |
| 272 GREENWOOD RD | $565,000 | 3 | 2 | 2585 | DETACHD | 2 |
| 17524 ERIN CT | $669,900 | 5 | 3 | 3008 | DETACHD | 68 |
| 4608 CHELSEA LN | $825,000 | 4 | 2.1 | 3092 | DETACHD | 2 |
| 3623 EENA RD | $974,900 | 4 | 3.1 | 3422 | DETACHD | 217 |
| 1420 MORNING SKY CT | $999,000 | 4 | 3.1 | 3613 | DETACHD | 73 |
| 3519 Lake Grove AVE | $1,185,000 | 4 | 2.1 | 3176 | DETACHD | 30 |
| 18308 MEADOWLARK LN | $1,498,000 | 4 | 3.3 | 7254 | DETACHD | 558 |
| 2430 SUMMIT CT | $1,995,000 | 3 | 3 | 2911 | DETACHD | 154 |
SOLD (Oct 16-22, 2017)
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM | |||||
| 210 S STATE ST #1 | $365,000 | $335,000 | 2 | 1.1 | 1767 | CONDO | 35 | |||||
| 18565 LONGFELLOW AVE | $495,000 | $431,000 | 3 | 2 | 1430 | DETACHD | 54 | |||||
| 1405 CEDAR ST | $515,000 | $515,000 | 4 | 2 | 2178 | DETACHD | 64 | |||||
| 945 CUMBERLAND RD | $730,000 | $560,000 | 4 | 3.1 | 2726 | DETACHD | 18 | |||||
| 3554 TEMPEST DR | $625,000 | $577,500 | 3 | 2.1 | 2279 | DETACHD | 84 | |||||
| 18439 DEERBRUSH AVE | $674,900 | $660,000 | 4 | 2.1 | 2694 | DETACHD | 103 | |||||
| 17325 OAK MEADOW LN | $769,000 | $755,000 | 4 | 2.1 | 3157 | DETACHD | 38 | |||||
| 15956 PARKER RD | $849,999 | $824,000 | 3 | 2.1 | 3200 | DETACHD | 33 | |||||
| 1075 SCHUKART LN | $899,000 | $880,000 | 4 | 2.1 | 3452 | DETACHD | 259 | |||||
| 230 3RD ST | $1,299,900 | $1,299,900 | 4 | 3 | 3003 | DETACHD | 60 | |||||
| 4660 UPPER DR | $1,595,000 | $1,450,000 | 5 | 3.1 | 3849 | DETACHD | 51 | |||||
| 3458 LAKEVIEW BLVD | $2,795,000 | $2,300,000 | 4 | 4.1 | 4647 | DETACHD | 118 |
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.
Tips For a Great Lunch Spot
Years ago Lake Oswego had very few good restaurants. Getting a bite to eat at lunch tended to mean driving into Portland. Not so today. Today Lake Oswego has many great places to grab lunch. I thought today I’d share a few that I particularly like.
Pho’ LaVang is hands down my favorite place to get pho’, and this includes better than the many restaurants that make pho’ in Portland. I first visited Pho’ LaVang when it was a tiny little restaurant in a strip mall on Pilkington Road. It was mostly take out with only a very small table for 2-3 people. The man who owned it was chatty and friendly and wonderful. He introduced me to Vietnamese cuisine and I have loved it ever since. The popularity of the food quickly allowed the restaurant to out grow its cubby-hole location until it expanded to it’s current home at 16120 Lower Boones Ferry Rd, right in the heart of Lake Grove. They serve salad rolls, stir fry dishes, salt and pepper squid, kungpao, and more. My favorite is is the vegetable pho’. The broth is slow cooked, deep and rich, with plenty of fresh vegetables and tofu.
Curry in a Hurry is on the other end of town in the Palisades Shopping Center (1235 McVey Ave). This Thai restaurant has a comfy neighborhood atmosphere that is inviting and relaxing. Pad Thai, spicy noodles, all manner of curry dishes, fried rice, yakisoba, all of the classic Thai dishes that I love. The prices are amazing. I had lunch a week or so ago for $7.50 and it included a cup of coconut milk and vegetable soup.
Pine Shed Ribs is located in the same strip mall where Pho’ LaVang got its start: 17730 Pilkington Rd. Specializing in Santa Maria Tri-tip, this classic pit barbecue is a well honed machine of deliciousness. I’m not a big meat eater, but I do love good barbecue. Along with tri-tip and ribs you’ll find chicken and sausage. They serve great sides to compliment the great meats: everything from pinquito beans to mac n cheese and corn bread. Yum!
This is just three of many options. Our little town has done a great job of fostering some wonderful restaurants. I highly recommend that you come on down and give them a try.
Dianne
Market Activity Oct 9-15, 2017
It has been another beautiful fall week in Lake Oswego. I had the pleasure of a drive to the coast last weekend. Wow! I know New England has the big reputation, but Oregon is a post card in every direction at this time of year.
I found the market activity last week really interesting. 15 new listings, 20 pending sales, and 17 sold/closed sales: this shows a still steady market with a good deal of buyer interest. It continues to be a wonderful environment to sell a home. If you are in the market to buy a home, not only are interest rates terrific, but the timing is just right to get into your new home before the holidays.
Following is the breakdown for you according to RMLS:
New on the Market (Oct 9-15, 2017)
| Address | Type | Price | BR | Baths | Sq Ft |
| 4647 Lakeview Blvd D-1 | Condo | $199,500 | 1 | 1 | 753 |
| 13 Oswego Summit | Condo | $199,900 | 1 | 1 | 764 |
| 88 Cervantes Circle | Condo | $200,000 | 2 | 1.5 | 912 |
| 73 Galen St | Condo | $217,500 | 2 | 2 | 995 |
| 5225 Jean Rd #511 | Condo | $275,000 | 3 | 2 | 1400 |
| 4103 Jefferson Pkwy | Condo | $329,900 | 2 | 2.5 | 1359 |
| 6451 McEwan Rd | Detached | $379,900 | 3 | 1.5 | 1080 |
| 5907 Kenny St | Detached | $450,000 | 3 | 2 | 1300 |
| 4978 Galen St | Attached | $474,850 | 2 | 2.5 | 1552 |
| 1895 Greentree Rd | Detached | $580,000 | 4 | 3 | 2861 |
| 5418 Washington Ct | Detached | $679,900 | 3 | 2.5 | $2,074 |
| 15003 Twin Fir Rd | Detached | $779,000 | 2 | 1 | 984 |
| 13101 Amber Pl | Detached | $1,110,000 | 4 | 2.5 | 3817 |
| 504 8th St | Detached | $1,395,000 | 4 | 3 | 2858 |
| 15476 Diamond Head Rd | Detached | $1,395,000 | 3 | 2.5 | 3743 |
Pending Sales (Oct 9-15, 2017)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 36 Greenridge Ct | Attached | $174,899 | 3 | 3 | 1748 | 66 |
| 36 Cervantes Cir 4-E | Condo | $199,900 | 2 | 1.5 | 912 | 27 |
| 1625 Cloverleaf Rd | Detached | $449,000 | 3 | 2 | 1996 | 57 |
| 836 Oak St | Detached | $479,000 | 3 | 3 | 2856 | 1206 |
| 16842 Bryant Rd | Detached | $499,000 | 4 | 2 | 2287 | 8 |
| 5871 Bonita Rd | Detached | $499,950 | 4 | 3 | 2406 | 421 |
| 210 Northshore Rd | Detached | $529,900 | 2 | 1.5 | 2050 | 14 |
| 2810 Dellwood Dr | Detached | $564,900 | 4 | 2.5 | 2278 | 7 |
| 1575 Ivy Ct | Detached | $575,000 | 4 | 3 | 2420 | 75 |
| 5526 Yorkshire Pl | Detached | $599,500 | 3 | 3 | 2449 | 26 |
| 1437 Greentree Circle | Detached | $599,999 | 4 | 3 | 2400 | 96 |
| 17808 Cardinal Pl | Detached | $645,000 | 3 | 2 | 1870 | 91 |
| 4023 Trout Way | Detached | $725,000 | 4 | 2.5 | 2758 | 3 |
| 3200 Upper DR | Detached | $798,500 | 4 | 3 | 2543 | 4 |
| 1976 Palisades Terrace Dr | Detached | $895,000 | 4 | 2.5 | 3898 | 208 |
| 13526 Snowberry Ct | Detached | $905,000 | 4 | 4 | 3718 | 0 |
| 18639 Pilkington Rd | Detached | $1,375,000 | 4 | 4 | 4148 | 118 |
| 3250 Upper Dr | Detached | $1,499,000 | 4 | 4.5 | 3977 | 42 |
| 13912 Goodall Rd | Detached | $1,735,000 | 4 | 3.5+.5 | 4658 | 84 |
| 916 Lake Shore Rd | Detached | $1,999,900 | 4 | 3.5 | 3780 | 141 |
Sold/Closed (Oct 9-15, 2017)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 84 Galen St | Condo | $115,000 | $115,000 | 550 | 3 |
| 47 Eagle Crest DR #36 | Condo | $179,000 | $165,000 | 932 | 9 |
| 198 Cervantes | Attached | $319,000 | $302,000 | 1,266 | 9 |
| 562 2nd St #10 | Attached | $482,000 | $470,000 | 1302 | 48 |
| 31 Da Vinci St | Detached | $520,000 | $520,000 | 2232 | 48 |
| 3393 Tempest Dr | Detached | $549,000 | $530,000 | 2490 | 162 |
| 4597 Black Forest Ct | Detached | $599,900 | $580,000 | 2171 | 8 |
| 14371 Sherbrook Pl | Detached | $619,000 | $595,000 | 2550 | 39 |
| 15410 Meadowlark Ct | Detached | $650,000 | $643,000 | 2,702 | 2 |
| 4728 Lakeview Blvd | Detached | $779,000 | $680,000 | 2867 | 116 |
| 810 9th St | Detached | $775,000 | $750,000 | 2417 | 130 |
| 822 Lee ST | Detached | $825,000 | $790,000 | 1930 | 93 |
| 13825 Melrose Pl | Detached | $825,000 | $819,000 | 4490 | 8 |
| 1699 Village Park Ln | Detached | $985,000 | $875,000 | 3342 | 127 |
| 741 B Ave | Detached | $1,120,000 | $1,080,000 | 2609 | 33 |
| 3856 Upper Dr | Detached | $1,295,000 | $1,200,000 | 3093 | 100 |
| 16828 Alder Circle | Detached | $1,795,000 | $1,750,000 | 2363 | 1 |
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.