Tag: Lake Oswego Oregon

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Market Activity April 18-24, 2016

Looking at how busy the real estate market is right now, I feel blessed for good health and stamina. Whew! What a busy time of year. Our market historically peaks in May and June. So this busy season is just beginning. We are continuing to see a demand that is greater than the supply. Last week in Lake Oswego there were 18 new listings, 33 that went into pending status, and 20 closed sales.

Following is the breakdown for you according to RMLS:

New on Market (Apr 18-24, 2016)

Address Type Price BR Baths Sq Ft
86 Kingsgate Rd C201 Condo $149,900 2 2 938
154 Ridgeway Rd Condo $275,000 3` 1.5 1791
4422 Thunder Vista Ln Condo $288,500 2 2.5 2040
5 Summit Ridge Ct Attached $379,900 2 2.5 1576
5835 Carman Dr Detached $430,000 3 2.5 1650
668 McVey Ave #52 Condo $450,000 3 1.5 992
17927 Belmore Ave Detached $475,000 3 1.5 1488
16809 Cornell St Detached $549,000 3 3.5 2464
4954 Mulholland Dr Attached $589,900 3 2.5 2498
19 Falstaff St Detached $599,000 4 2.5 3207
16064 Waluga Dr Detached $619,900 7 3 2552
5950 Southwood Dr Detached $775,000 3 2.5 2731
737 Country Club Rd Detached $799,900 3 2.5 3242
2247 Sequoia Ct Detached $925,000 3 2.5 3493
588 9th St Detached $1,200,000 3 3.5 3536
3914 Edens Edge Dr Detached $1,425,000 5 5.5+.5 6635
3177 Douglas Circle Detached $1,450,000 5 3.5 4732
4100 Canal Rd Detached $1,499,000 4 3.5 4957
448 Country Club Rd Detached $1,595,000 4 3.5 4873
13750 Knaus Rd Detached $1,695,000 5 4 4773

Pending Sales (Apr 18-24, 2016)

Address Type Price BR Baths Sq Ft CDOM
86 Kingsgate Rd 202A Condo $145,000 2 2 849 14
57 Oswego Summit Condo $164,900 1 1 764 2
4000 Carman Dr #80 Condo $179,900 2 2 1100 3
668 McVey Ave #42 Condo $252,500 2 1 836 120
16250 Pacific Hwy #46 Condo $265,000 2 2 1305 14
210 State St #8 Condo $340,000 2 2.5 1614 57
1400 Parrish St Condo $349,900 3 2.5 1880 60
5998 Shakespeare St Detached $362,900 3 2 1743 13
18630 Kristi Way Detached $399,900 3 2 1743 2
668 McVey Ave #30 Condo $445,000 3 1.5 992 2
826 Cornell St Detached $447,500 2 1 1184 14
5266 Charleton Ct Detached $479,000 3 2 2063 10
16969 Alder Circle Detached $529,000 3 2 1534 61
14450 Hilly Springs Rd Condo $550,000 5 3 2238 19
13852 Shireva Dr Detached $550,000 5 3 2664 74
4623 Hastings Pl Detached $569,900 4 2.5 2151 0
313 3rd St Attached $639,900 3 3.5 19622 11
2 Walking Woods Dr Detached $643,900 4 3 4116 26
3560 Tempest Dr Detached $675,000 4 2.5 2847 5
6 Tanglewood Dr Detached $690,000 3 3.5 3108 6
17018 Summer Pl Detached $699,900 4 2.5 2925 8
4719 Lakeview Blvd Detached $725,000 3 2.5 2923 5
19330 River Run Dr Detached $799,000 4 4 3786 52
884 Cedar St Detached $995,000 4 3.5 3120 57
1224 Tyndall Ct Detached $1,039,000 4 3.5 4157 1
18260 River Edge Ct Detached $1,049,000 4 3.5 4711 56
630 8th St Detached $1,095,000 4 2.5 2832 5
642 Iron Mountain Blvd Detached $1,095,000 3 2.5+.5 4575 369
950 Schukart Ln Detached $1,098,000 4 2.5 3530 29
844 5th St Detached $1,100,000 3 3 2590 19
14365 Fosberg Rd Detached $1,150,000 5 3.5 53343 63
3140 Childs Rd Detached $1,850,000 5 6.5 6692 35
13237 Knaus Rd Detached $1,995,000 4 4.5 4900 44

Sold/Closed(Apr 18-24, 2016)

Address Type List Price Sold Price Sq Ft CDOM
86 Kingsgate Rd H-104 Condo $124,900 $139,000 840 7
50 Oswego Summit Condo $155,000 $175,000 752 1
213 Cervantes Condo $220,000 $220,000 1,216 1
191 Oswego Summit Condo $269,000 $258,000 1506 5
162 4th St Detached $560,000 $554,000 1948 0
808 Ellis Ave Detached $599,000 $635,000 2108 2
17183 Carlson Ct Detached $665,000 $665,000 3366 15
411 Ridgeway Rd Detached $695,000 $676,880 3094 5
6413 McDuff Ct Detached $699,900 $694,500 3091 94
13679 Melrose Pl Detached $699,000 $700,000 4752 0
17743 Marylcreek Dr Detached $780,000 $738,000 3288 52
18217 Delenka Ln Detached $769,900 $742,000 4166 61
480 Iron Mountain Blvd Detached $775,000 $794,250 3067 4
19229 35th Pl Detached $899,500 $900,000 4764 347
408 Northshore Rd Detached $929,900 $940,000 3753 70
17442 Ridgeview Ln Detached $1,295,000 $1,200,000 5036 228
19342 Lorna Ln Detached $1,298,000 $1,285,000 4114 85
1164 Crestline Ct Detached $1,469,000 $1,392,938 6800 58
12838 Alto Park Rd Detached $1,439,000 $1,437,500 4475 145
915 Atwater Rd Detached $1,895,000 $1,72,500 4102 57

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 ~ March 2016

Lake Oswego & the entire metro area is moving right along.

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

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

  • There were 3,409 New Listings in March which was up 17.7% from February (2,896), and 5.2% down from March of 2015 (3,596).
  • At 2,565, March Closed Sales were up a whopping 41.5% from February’s 1,813, and up 4.4% from March of 2015’s 2,457.
  • March Pending Sales (Accepted Offers), at 3,076 were up  10.4% from February’s 2,786, but were   9.1% under March of 2015’s 3,384 total.
  • The Average Sale Price in March of $385,100 was up around $20,000 over February’s $364,900, and also up around $15,000 from March of 2015’s $368,800. 

_____________________________________________________

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

    •  284 Active Listings  (Feb was 260)
    •  189New Listings   (Feb was 185 )
    •  150 Pending Sales    (Feb was 147)
    •  114 Closed Sales   (Feb was 99)
    • Average Sale Price for March: $639,500 (Feb/$577,500. )
      • 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.
    • Average Time on the Market: 92 Days (Feb was 92 also!)
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Market Activity ~ April 11-17, 2016

Steady as she goes…

We saw 23 New properties enter the Lake Oswego market, 24 move to Pending status, and 27 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Apr 11-17, 2016)

Address List Price # Beds # Baths Total SF Prop Type
47 EAGLE CREST DR $88,897 2 1 932 CONDO
100 KERR PKWY #53 $110,000 1 1 617 DETACHD
4455 GOLDEN LN $309,000 2 2.1 1705 CONDO
4322 SILVER CT $339,900 3 3.1 1996 CONDO
12842 Boones Ferry RD $345,000 2 2.1 1136 CONDO
4840 LAMONT WAY $419,000 3 2 1784 DETACHD
1223 HEMLOCK ST $429,500 2 1 748 DETACHD
5266 CHARLETON CT $479,000 3 2 2063 DETACHD
18715 INDIAN CREEK DR $549,000 3 2 2076 DETACHD
2760 OVERLOOK DR $578,500 4 2.1 2441 DETACHD
57 TOUCHSTONE $629,000 4 3 2465 DETACHD
18521 WAXWING CIR $670,000 3 2.1 2936 DETACHD
17018 SUMMER PL $699,900 4 2.1 2925 DETACHD
4719 LAKEVIEW BLVD $725,000 3 2.1 2923 DETACHD
13528 TWIN CREEK LN $800,000 4 3.1 3129 DETACHD
1172 TROON RD $869,900 5 3.1 2504 DETACHD
4688 CHELSEA LN $915,000 4 2.1 3549 DETACHD
630 8TH ST $1,095,000 4 2.1 2832 DETACHD
915 CEDAR ST $1,100,000 4 3.1 3219 DETACHD
1427 HORSESHOE CURV $1,450,000 2 2 2192 DETACHD
17345 BERGIS FARM DR $1,550,000 4 3.2 5199 DETACHD
855 G AVE $1,625,000 3 2.1 3710 DETACHD
13800 KNAUS RD $1,995,000 5 3.1 5132 DETACHD

PENDING SALES (Apr 11-17, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
45 CRESTFIELD CT #45 $165,000 2 1.1 923 CONDO 0
668 MCVEY AVE #85 $215,000 2 1.1 992 CONDO 3
45 EAGLE CREST DR #519 $275,000 3 2 1453 CONDO 3
4902 CHILDS RD $355,000 3 1.1 1407 DETACHD 10
17 BRITTEN CT $359,900 3 2.1 1972 ATTACHD 15
1402 PARRISH ST /Main $379,000 3 2.1 1862 CONDO 46
6330 SHAKESPEARE ST $469,900 4 3 2184 DETACHD 31
67 TANGLEWOOD DR $499,000 4 2.1 3068 DETACHD 4
16525 GLENWOOD CT $559,900 3 2.1 2166 DETACHD 2
4640 SW DOGWOOD DR $585,000 3 3 3531 DETACHD 2
3472 TEMPEST DR $659,000 4 2.1 3146 DETACHD 28
17890 ROYCE WAY $664,000 5 3 3134 DETACHD 60
1 SW Carman DR $725,000 3 2.1 2530 DETACHD 225
13978 WESTCOTT CT $735,000 3 3 3361 DETACHD 2
4121 Childs RD $815,000 4 3.1 3352 DETACHD 21
16461 CHAPIN WAY $875,000 4 2.1 4012 DETACHD 6
1145 TIMBERLINE DR $898,950 4 2 4564 DETACHD 213
19229 35TH PL $899,500 5 3.1 4764 DETACHD 347
18360 RIVER EDGE LN $1,029,000 4 2.1 3948 DETACHD 3
575 B AVE $1,059,000 5 3.1 3534 DETACHD 9
17787 CARDINAL DR $1,098,000 4 3 3002 DETACHD 1175
2543 PALISADES CREST DR $1,099,000 4 2.2 4141 DETACHD 32
17509 RIDGEVIEW LN $1,250,000 4 3.1 3810 DETACHD 8
16852 ALDER CIR $2,185,000 4 3.1 3192 DETACHD 45

SOLD (Apr 11-17, 2016)

Address Open Price Closed Price # Beds # Baths Total SF Prop Type CDOM
96 GALEN ST /Upper $129,000 $135,000 1 1 550 CONDO 15
73 OSWEGO SMT /Upper $179,900 $155,500 2 2 1212 CONDO 4
4000 CARMAN DR #88 $169,000 $165,000 2 2 836 CONDO 4
205 OSWEGO SMT /Main $162,900 $175,000 2 2 1383 CONDO 20
282 Cervantes /Main $219,900 $229,000 2 2 1052 CONDO 29
15948 QUARRY RD $464,000 $385,000 2 1 920 DETACHD 227
6210 CHILDS RD $425,000 $390,000 3 1.1 1296 DETACHD 209
14352 SHERBROOK PL $439,900 $425,800 3 2.1 1806 DETACHD 96
17311 ASHLEY CT $465,000 $455,000 4 2.1 2117 ATTACHD 9
4851 MADRONA ST $449,900 $460,000 4 2 1500 DETACHD 6
1680 PINE ST $419,000 $465,000 3 3 2472 DETACHD 5
17367 LAKE HAVEN DR $550,000 $485,000 3 2 2607 DETACHD 0
2757 GLEN HAVEN RD $519,000 $519,000 3 2 2420 DETACHD 20
5311 CHILDS RD $559,000 $534,500 4 2.1 1766 DETACHD 11
14584 RAINBOW DR $545,000 $547,000 4 3 2570 DETACHD 12
51 TANGLEWOOD DR $550,000 $575,000 4 2.1 2351 DETACHD 3
16636 MAPLE CIR $600,000 $625,000 4 2 2030 DETACHD 1
12844 SIERRA VISTA DR $610,000 $640,000 4 2.1 2501 DETACHD 2
4208 ALBERT CIR $674,900 $650,000 5 3 2777 DETACHD 18
2043 RIDGEWOOD RD $885,000 $852,500 5 3 3016 DETACHD 109
4657 DOGWOOD DR $889,000 $870,000 4 4 3890 DETACHD 19
5051 LAKEVIEW BLVD $949,800 $949,800 4 3.1 3355 DETACHD 146
17622 LAKE HAVEN DR $11,490,000 $980,000 3 2 1400 DETACHD 46
18711 WESTVIEW DR $995,000 $980,000 4 3.1 3591 DETACHD 23
3487 LAKE GROVE AVE $1,050,000 $1,075,000 4 3.1 3473 DETACHD 36
1979 COUNTRY CLUB RD $1,149,000 $1,149,000 5 5.1 4115 DETACHD 4
670 IRON MOUNTAIN BLVD $1,595,000 $1,459,000 4 3.2 5421 DETACHD 72

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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Market Activity ~ April 4-11, 2016

Wow, what a busy week it has been! It has certainly been a very active spring.
Welcome to our new neighbours that have bought their houses here in Lake Oswego! And what a great time of year to move here, as the flowers begin to bloom and sprinkle front yards with color.

Following is the breakdown for you according to RMLS:

New on the Market (April 4 – April 11, 2016)

Address Type Price Bedrooms Bathrooms Sqft
86 KINGSGATE RD CONDO 145,000 2 2 849
668 MCVEY AVE CONDO 229,900 2 1 863
3928 CARMAN DR CONDO 239,900 2 2.5 1129
12848 BOONES FERRY RD ATTACHED 347,000 2 2.5 1182
4902 CHILDS RD DETACHED 355,000 3 1.5 1407
5998 SHAKESPEAR ST DETACHED 362,900 3 1 1227
826 CORNELL ST DETACHED 447,500 2 1 1184
67 TANGLEWOOD DR DETACHED 499,000 4 2.5 3068
5182 TREE ST DETACHED 559,900 4 2 1670
653 3RD ST ATTACHED 575,000 3 2 1270
22 PARTRIDGE LN DETACHED 609,000 4 2.5 3334
812 COUNTRY COMMONS LN DETACHED 975,000 5 4 3631
17896 KELOK RD DETACHED 975,000 6 4.5 4093
471 COUNTRY CLUB CT DETACHED 995,000 4 3 2962
17509 RIDGEVIEW LN DETACHED 1,250,000 4 3.5 3810
356 9TH ST DETACHED 1,480,000 3 3.5 3647
18308 MEADOWLARK LN DETACHED 1,800,000 4 3.5 8060
18008 GREENBLUF DR DETACHED 2,095,000 3 3.5 4402
13050 FIELDING RD DETACHED 2,100,000 4 5 4777
1500 RIDGECREST DR DETACHED 2,500,000 5 5 4817

Pending Sales (April 4 – April 11, 2016)

Address Type Price Bedroom Bathrooms DOM
47 EAGLE CREST DR #11 CONDO 159,900 2 1 12
6925 SW MONTAUK CIR CONDO 175,000 2 1 22
200 BURNHAM RD #102 CONDO 199,900 1 1 33
47 GREENRIDGE CT ATTACHED 229,900 2 1.5 102
16250 PACIFIC HWY #46 CONDO 265,000 2 2 3
16681 LAKE FOREST BLVD DETACHED 300,000 3 1 3
16748 LAKE FOREST BLVD DETACHED 325,000 3 1 4
20 SUMMIT RIDGE CT ATTACHED 389,000 2 2.5 7
1454 GLENMORRIE DR DETACHED 400,000 4 2.5 237
4251 WOODSIDE CIR ATTACHED 419,000 3 2 48
3312 SABINA CT DETACHED 549,900 3 2 39
676 9TH ST DETACHED 449,900 2 1 1
4524 TRILLIUM WOODS ATTACHED 550,000 3 2.5 4
13852 SHIREVA DR DETACHED 550,000 5 3 60
16525 GLENWOOD CT DETACHED 559,900 3 2.5 2
2500 PARK RD DETACHED 579,900 3 3 29
15911 FIR GROVE CT DETACHED 585,000 4 2.5 4
32 MORNINGVIEW CIR DETACHED 599,900 3 2.5 4
18386 DEERBRUSH AVE DETACHED 625,000 4 3 25
480 IRON MOUNTAIN BLVD DETACHED 775,000 5 3.5 4
568 WEIDMAN CT DETACHED 819,000 4 3.5 27
17980 MEADOWLARK LN DETACHED 839,000 4 3.5 4
1821 OAK ST DETACHED 879,000 4 3.5 42
72 NANSEN SMT DETACHED 879,000 4 3 6
1145 TIMBERLINE DR DETACHED 898,859 4 2 213

Sold/Closed (April 4 – April 11, 2016)

Address Type Price Bedroom Bathrooms DOM
47 EAGLE CREST DR #11 CONDO 159,900 2 1 12
6925 SW MONTAUK CIR CONDO 175,000 2 1 22
200 BURNHAM RD #102 CONDO 199,900 1 1 33
47 GREENRIDGE CT ATTACHED 229,900 2 1.5 102
16250 PACIFIC HWY #46 CONDO 265,000 2 2 3
16681 LAKE FOREST BLVD DETACHED 300,000 3 1 3
16748 LAKE FOREST BLVD DETACHED 325,000 3 1 4
20 SUMMIT RIDGE CT ATTACHED 389,000 2 2.5 7
1454 GLENMORRIE DR DETACHED 400,000 4 2.5 237
4251 WOODSIDE CIR ATTACHED 419,000 3 2 48
3312 SABINA CT DETACHED 549,900 3 2 39
676 9TH ST DETACHED 449,900 2 1 1
4524 TRILLIUM WOODS ATTACHED 550,000 3 2.5 4
13852 SHIREVA DR DETACHED 550,000 5 3 60
16525 GLENWOOD CT DETACHED 559,900 3 2.5 2
2500 PARK RD DETACHED 579,900 3 3 29
15911 FIR GROVE CT DETACHED 585,000 4 2.5 4
32 MORNINGVIEW CIR DETACHED 599,900 3 2.5 4
18386 DEERBRUSH AVE DETACHED 625,000 4 3 25
480 IRON MOUNTAIN BLVD DETACHED 775,000 5 3.5 4
568 WEIDMAN CT DETACHED 819,000 4 3.5 27
17980 MEADOWLARK LN DETACHED 839,000 4 3.5 4
1821 OAK ST DETACHED 879,000 4 3.5 42
72 NANSEN SMT DETACHED 879,000 4 3 6
1145 TIMBERLINE DR DETACHED 898,859 4 2 213

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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The Importance of Seller Disclosure

lake-headerI am directing this post to people who are selling a home, but the knowledge is also important to folks who are buying a home. Oregon has very specific disclosure laws that all people selling real estate must abide by. There are a few exceptions, but they are rare.

To put it simply, when selling a house (this includes condos) you must tell what you know if it is material to the property. Material is physical and real. You must tell what you know. At the time that you list your property for sale you will be asked to complete a 5-page disclosure statement. This statement is a series of questions that will prompt your memory about everything from any deed restrictions to physical defects such as a leaking roof or faulty furnace. I advise my clients to leave no question unanswered. Even if it doesn’t apply to your property choose the option “n/a” or write “n/a” in the margin.

The point at which a buyer receives the disclosure statement is when their offer has been accepted. They are excited and eager to learn more about the house. Once they receive the statement they have 5 business days to revoke their offer. I also think of this as a bit of a cooling offer period. If they are going to get cold feet, let it happen early in the process and before the buyer or the seller have invested more time in the sale. So if the fact that the roof once leaked or the attic was once treated for mold is going to freak them out, find out early, let the deal come apart and everyone can move on. Doing it early is so much better than after the seller looses two weeks of market exposure while the buyer does a home inspection and then finds evidence of a past roof leak or of past mold.

So what should you disclose? EVERYTHING! Even if it seems minor. Even if it has been fixed and never happened again. This is your chance to tell what you know. Our disclosure statement has a 6th page for giving explanations. You can add a 7th, 8th, and 9th page. It simply is not possible to tell too much. When the buyer does the inspection, they are going to find evidence of past defects such as water stains or newer sections of plumbing. If nothing was said in the disclosure statement it makes the buyer feel suspicious. “What else didn’t they tell me?’. Where as if you have done a thorough job of disclosing, they buyer will find the evidence and feel like “OH, sure, they told me about that.”

The bottom line is that you have a legal obligation when you sell real property to tell what you know.

There are 4 exceptions:
If the house is brand new construction (in that case the disclosure requirement is replaced by the permit requirements of the local jurisdiction)
If the house is a bank owned property such as a foreclosure
If the sale is being handled by a legal entity such as a trustee, personal representative, conservator, or guardian
If the seller is a government agency

That’s it. Those are the only exceptions. This means that even if you have never lived in the house but have had it as an investment, you must still disclose what you know about the material condition of the property.

What if something is wrong with the property that you don’t know about? You do not have to disclose what you don’t know. You only have to disclose what you do know. So if the buyer does an inspection and finds defects you don’t know about you may end up negotiating to fix those defects but you aren’t at fault for not knowing about them before hand.

Now I’ve got to give my full disclosure. I am not an attorney. Always seek legal council if you feel you don’t understand this or if you have questions. What I am telling you is my advice based upon my experience.

I hope you have found this helpful.
Dianne

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Market Activity March 28-April 3, 2016

OK, it’s official, we are in the full throws of the spring market and the market is HOT! Last week Lake Oswego saw 20 new listings, 31 houses accept offers and go into pending status (13 of those in less than 10 days), and 18 sold/closed transactions. If a house is in desirable condition and priced right, it is selling FAST!

Following is the breakdown for you according to RMLS:

New on the Market (Mar 28-April 3, 2016)

Address Type Price BR Baths Sq Ft
167 Oswego Summit Condo $180,000 2 2 1506
3922 Carman Dr Condo $234,900 2 2.5 1137
3932 Carman Dr Condo $234,900 2 2.5 1133
16748 Lake Forest Blvd Detached $325,000 3 1 1076
17 Britten Ct Attached $359,900 3 2.5 1972
90 Greenridge Ct Attached $368,000 3 2.5 1980
20 Summit Ridge Ct Attached $389,000 2 2.5 1704
5434 Willow Ct Attached $495,000 3 2.5 2423
4 Morningview Pl Attached $499,000 2 2.5 1880
1731 Woodland Terrace Detached $534,900 4 2.5 2714
14450 Holly Springs Rd Detached $575,000 5 3 2238
19505 Olson Ave Detached $748,950 5 2.5 2916
4137 Orchard Way Detached $775,000 5 2.5 3681
844 5th St Detached $1,100,000 3 3 2590
4069 Pfeifer Ct Detached $1,125,000 5 3.5 4332
784 3rd St Detached $1,299,000 5 5 4138
2120 Glenmorrie Dr Detached $1,395,000 4 3.5 4383
7 Garibaldi St Detached $1,400,000 4 3.5 6303
5405 Childs Rd Detached $2,095,000 5 4.5 5702
1210 Chandler Rd Detached $2,799,000 6 6.5+.5 7668

Pending Sales (Mar 28-April 3, 2016)

Address Type Price BR Baths Sq Ft CDOM
96 Galen St Condo $129,000 1 1 550 15
50 Oswego Summit Condo $155,000 1 1 752 1
4 Touchstone Condo $159,900 2 2 984 2
77 Galen Rd Condo $164,900 2 2 993 15
48 Eagle Crest Dr 1C Condo $239,000 2 2 1399 1
191 Oswego Summit Condo $269,000 2 2 1506 5
1225 Cornell St Detached $349,000 3 2 1394 62
5215 Madrona St Detached $389,000 3 2 1305 6
2 Eagle Crest Dr Detached $395,000 3 2 1830 5
1820 Southshore Blvd Detached $450,000 3 2.5 2373 0
1244 Hallinan Circle Detached $465,000 4 3 2485 50
4101 Chapman Way Detached $465,000 3 2.5 1864 142
5674 La Mesa Ct Detached $548,950 3 2 1802 24
5311 Childs Rd Detached $559,000 4 2.5 1766 11
17510 Cardinal Dr Detached $578,500 4 3 2550 36
5124 Lakeview Blvd Detached $579,000 4 3 2932 153
4779 Heritage Ln Detached $585,000 3 2 2121 2
3100 Wembly Park Rd Detached $625,000 3 3 3060 332
2 Walking Woods Detached $649,900 4 3 4116 2
41 Touchstone Detached $675,000 4 3 3092 2
0 Carman Dr Detached $699,000 3 2.5 2751 213
17343 Brookhurst Dr Detached $749,000 4 2.5 3443 11
5632 Grand Oaks Dr Detached $765,000 4 2.5 2898 3
5959 Suncreek Dr Detached $789,960 4 2.5 3315 2
12870 Elk Rock Rd Detached $795,000 4 3 2742 223
4018 Canal Woods Ct Detached $799,900 4 3.5 3600 177
2479 Marylview Ct Detached $810,000 4 3.5 3832 28
1100 Troon Rd Detached $1,200,000 4 2.5+.5 2943 5
2445 Glenmorrie Dr Detached $1,295,000 5 5 5106 196
13050 Knaus Rd Detached $1,699,000 4 3.5 4821 56
13237 Knaus Rd Detached $1,995,000 4 4.5 4900 23

Sold/Closed (Mar 28-April 3, 2016)

Address Type List Price Sold Price Sq Ft CDOM
69 Galen Rd Condo $164,900 $164,900 923 4
5056 Foothills Dr C Condo $273,500 $275,000 1,252 10
6155 McEwan Rd Detached $320,000 $288,000 1,294 108
4305 Silver Ct Attached $339,000 $339,000 1721 7
5365 Greystoke Dr Detached $414,900 $375,000 1541 167
13680 Shireva Dr Detached $459,000 $448,900 1504 120
7 Falstaff St Detached $519,900 $512,500 2740 140
6080 Summer Woods Detached $519,900 $517,450 2326 4
741 Briercliff Ln Detached $519,000 $525,000 2765 39
2 Creekside Terrace Detached $549,900 $540,000 2906 44
17730 Marylbrook Dr Detached $589,900 $570,500 2951 104
5004 Woodcrest Ln Detached $649,900 $650,000 2522 6
5937 Bay Point Dr Detached $789,999 $701,000 3402 143
13613 Provincial Hill Way Detached $1,095,000 $995,000 4327 213
556 7th St Detached $1,219,000 $1,198,000 3911 161
13900 Goodall Rd Detached $1,429,000 $1,350,000 4212 28
1901 Palisades Terrace Detached $3,945,000 $3,400,000 7284 270
3142 Lakeview Blvd Detached $4,350,000 $3,980,000 5554 298

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 ~ February 2016

I’m tellin ya… This market is hot! And there are some great homes out there.

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

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

  • There were 2,896 New Listings in February which was up 15% from January (2,519), and rose over February of 2015 (2,884) slightly, by 0.4%.
  • At 1,813, February Closed Sales fell 2.5% from January’s 1,859, and/but were up 10% from February of 2015’s 1,648.
  • February Pending Sales (Accepted Offers), at 2,786 were up 24.2% from January’s 2,243, and were 9.9% ahead of February of 2015’s 2,534 total.   ***This was the strongest February for Accepted Offers since 2007!
  • The Average Sale Price in February of $364,900 was up significantly from January’s $355,500, and also up almost $37,000 from February of 2015’s $328,000. (!!!)

_____________________________________________________

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

    •  260 Active Listings  (Jan was 243)
    •  185 New Listings   (Jan was 150 )
    •  147 Pending Sales    (Jan was 120)
    •  99 Closed Sales   (Jan was 81)
    • Average Sale Price for February: $577,500 (Jan/$498,000. )
      • 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: 92 Days (Dec was 78)
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Market Activity ~ March 21-27, 2016

We saw 15 New properties enter the Lake Oswego market, 15 move to Pending status, and 11 “Closed”/Sold.

***Notice that most of the Pendings and half of the Sold’s were on the market for just 3-7 days.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Mar 21-27, 2016)

Address List Price # Beds # Baths Total SF Prop Type
47 EAGLE CREST DR #11 $159,900 2 1 932 CONDO
16250 PACIFIC HWY #74 $274,800 2 2 1324 CONDO
4131 OLD GATE RD $369,950 4 2 1776 DETACHD
5215 MADRONA ST $389,000 3 2 1305 DETACHD
2 EAGLE CREST DR $395,000 3 2 1830 DETACHD
5153 JEAN RD $524,900 8 3 2400 DETACHD
15 MASARYK ST $548,000 4 3 3864 DETACHD
937 OAK ST $595,000 3 3 3080 DETACHD
5632 GRAND OAKS DR $765,000 4 2.1 2898 DETACHD
4121 Childs RD $815,000 4 3.1 3352 DETACHD
4745 LAMONT WAY $975,000 4 3 3192 DETACHD
950 SCHUKART LN $1,098,000 4 2.1 3530 DETACHD
13079 AMBER PL $1,188,000 5 3 3200 DETACHD
3555 LAKE GROVE AVE $1,199,000 4 2.1 3324 DETACHD
1961 Cheryl CT $1,375,000 5 4.1 5124 DETACHD

PENDING SALES (Mar 21-27, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY #72 $249,000 2 2 1305 CONDO 5
5100 UPPER DR $334,900 1 1 956 DETACHD 83
6343 HIAWATHA CT $375,000 3 1 1056 DETACHD 3
3365 UPPER DR $399,900 2 2 1378 DETACHD 4
18922 KRISTI WAY $415,000 2 2 1397 DETACHD 4
16773 ALDER CIR $485,000 4 2 2590 DETACHD 3
4573 OAKRIDGE RD $489,000 3 2.1 1835 ATTACHD 3
2757 GLEN HAVEN RD $519,000 3 2 2420 DETACHD 20
4 CAMELOT CT $640,000 5 3 3344 DETACHD 5
13963 WESTCOTT CT $649,000 4 2.1 2984 DETACHD 7
17743 MARYLCREEK DR $760,000 4 2.1 3288 DETACHD 52
14626 UPLANDS DR $934,900 4 3 2951 DETACHD 4
4367 HAVEN ST $1,070,000 5 3.1 3617 DETACHD 7
531 7TH ST $1,099,000 3 2.1 2818 DETACHD 135
4018 COHO LN $1,199,000 4 4.1 5128 DETACHD 47

SOLD (Mar 21-27, 2016)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
48 EAGLE CREST DR #2D $185,000 $165,000 3 2 1623 CONDO 125
238 RIDGEWAY RD #16C $210,000 $220,000 2 1 914 CONDO 2
1755 KILKENNY RD $280,000 $303,000 3 1 1742 DETACHD 146
69 CONDOLEA TER $379,000 $385,000 2 2.1 2157 CONDO 3
16309 LAKE FOREST BLVD $369,900 $386,000 3 2 1608 DETACHD 120
5402 CARMAN DR $400,000 $400,000 3 1 1699 DETACHD 214
1273 ROCKINGHORSE LN $575,000 $530,000 3 2.1 2192 DETACHD 154
1430 LARCH ST $529,000 $532,000 3 3 2279 DETACHD 48
40 DA VINCI ST $535,000 $550,000 4 2.1 2476 DETACHD 3
2979 RIVENDELL RD $689,900 $680,862 4 2.1 2729 DETACHD 3
17 EL GRECO ST $694,900 $681,250 5 2.1 3060 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.

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Spring Cleaning

Spring is a great time to give your home a good once over. You should do it if you are about to list your house for sale, but you should also do it as a matter of keeping up with maintenance and repair. Being a good steward of your home will maintain and even increase it’s value. So it’s time to roll up your sleeves and get to it!

As you sort, wash, and organize, there is likely going to be a good deal of stuff to dispose of. Oregon is a mecca for recycling and properly disposing of debris, so I thought today would be a good time to go over some basics.

Curb side recycling is amazing. Here in LO you can sort your weekly pick up into garbage, recycling, and yard debris. We have 4 different curb side containers. For yard debris you can put small stuff like grass clippings and leaves and for larger stuff you can put in branches and limbs that are cut into sections. No, you can’t have a tree popping out of the top of the can. It has to be cut up and fit into the can. For recycling you can put out paper, plastic containers that have necks (think containers with twist on tops) and tin cans and clean aluminum. Glass has to be sorted separately and put into its own container.

You can not recycle at the curb plastic bags or molded plastic like the clam shells that vegetables come in. You also can not recycle glass light bulbs or broken dishes.

Yard debris can also be put at the curb in biodegradable bags for an extra pick up charge.

But what to do with the things that can’t be recycled curbside? Here are some answers.

IMG_0894Far West Recycling is right her in Lake Oswego (341 Foothills Rd). They take metal, glass, styrofoam, and elctronics. I have recycled old TVs and computers here for a small donation.

S & H Logging is also local (20200 Stafford Rd) and they take yard debris on a large scale. I’m talking pull every single scrap out of your yard and take it in the back of a flat-bed truck quantity of yard debris. The great thing at S & H is that they also sell landscape supplies like bark dust and compost. So you can take to them what you want to get rid of and bring home what you need.

SouthmetroIMG_0893 is the place to take everything else. Located in Oregon City you can take to them wood waste, garbage, motor oil, paint, appliances, plastics, they pretty much handle it all.

Please, please, please don’t put stuff into landfills that can be recycled. When I travel to other states and see pop cans in the garbage I have a physical reaction to the waste. It is so easy to recycle this stuff. I know not every single citizen of this state is so emphatic, but I do think it is part of our common community. When in Oregon….

Happy house cleaning!
Dianne

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Market Activity March 7-13, 2016

It’s been another great week of the spring market ramping up. Lots of houses are coming onto the market and lots are selling. Last week in Lake Oswego we saw 21 new listings, 21 going into pending status, and 16 closed sales. With spring break happening next week this trend will only continue. By my memory the new listings will peak in June at about 35 new listings per week.
Following is the breakdown for you according to RMLS:

New on the Market (March 7-13, 2016)

Address Type Price BR Baths Sq Ft
86 Kingsgate Rd H 104 Condo $124,900 2 2 840
73 Oswego Summit Condo $179,900 2 2 1212
44 Eagle Crest Dr #28 Condo $199,000 3 2 1085
5995 Shakespeare St Detached $349,500 3 1.5 2590
2500 Greentree Rd Detached $399,900 3 2 1502
1304 Laurel ST Detached $417,500 3 2 1540
1531 Woodland Terrace Detached $448,000 3 2.5 1986
4720 Lower Dr Detached $535,000 4 2 2404
5674 La Mesa Ct Detached $548,950 3 2 1802
6 Becket St Detached $560,000 3 2.5 2843
411 Ridgeway Rd Detached $695,000 3 2.5 3094
877 Cornell St Detached $698,500 3 3 3041
14540 Uplands Dr Detached $750,000 3 2.5 2704
18153 Westminster Dr Detached $789,900 4 2.5 3590
1471 Woodland Terrace Detached $819,000 5 4.5 5362
568 Weidman Ct Detached $819,000 4 3.5 3702
18982 Bryant Rd Detached $865,000 4 3.5 3463
19460 Eastside Rd Detached $981,750 5 4.5 4521
429 6th ST Detached $1,049,000 4 2.5 3205
2543 Palisades Crest Dr Detached $1,150,000 3 2.5+.5 4141
13237 Knaus Rd Detached $1,995,000 4 4.5 4900

Pending Sales (March 7-13, 2016)

Address Type Price BR Baths Sq Ft CDOM
205 Oswego Summit Condo $162,900 2 2 1383 20
69 Galen Rd Condo $164,900 2 1 923 4
4000 Carman Dr #88 Condo $169,000 2 2 836 4
6210 Childs Rd Detached $400,000 3 1.5 1296 209
1680 Pine St Detached $419,000 3 3 2472 5
4251 Woodside Circle Attached $419,000 3 2 2068 18
14352 Sherbrook Pl Detached $439,900 3 2.5 1806 96
1899 Country Club Rd Detached $449,500 4 2 1612 1
135 Del Prado St Detached $520,000 4 2.5 2444 0
51 Tanglewood Dr Detached $550,000 4 2.5 2351 3
2500 Park Rd Detached $569,000 3 2.5 1811 3
808 Ellis Ave Detached $599,000 3 2.5 2108 2
5887 Lower Dr Detached $699,000 3 2.5 2526 61
3620 Wren St Detached $700,000 4 3.5 2845 5
1317 Laurel ST Detached $725,000 3 2.5 2259 81
5876 Ridgetop Ct Detached $819,000 4 2.5 3280 6
17193 Lowerberg Terrace Detached $889,900 4 2.5 2973 6
18945 Bryant Rd Detached $987,000 5 3 4755 133
17540 Ridgeview Ln Detached $1,195,000 4 3.5 4345 33
556 7th ST Detached $1,219,000 5 3.5 3911 161
17442 Ridgeview Ln Detached $1,275,000 4 3.5+.5 5036 228
1164 Crestline Ct Detached $1,469,000 5 5.5 6800 58
13056 Knaus Rd Detached $1,688,000 4 3.5 5244 1

Sold/Closed (March 7-13, 2016)

Address Type List Price Sold Price Sq Ft CDOM
104 Oswego Summit Condo $165,000 $145,000 800 25
67 Oswego Summit Condo $184,900 $180,000 1,212 88
14850 Twin Fir Rd Detached $439,000 $439,900 2,018 2
6286 Harrington Ave Detached $474,950 $450,000 3219 249
1140 Hallinan Detached $479,950 $464,000 1744 55
149 Middlecrest Rd Detached $599,000 $475,000 2302 256
15585 Partridge Dr Detached $620,000 $507,000 2604 182
17568 Erin Ct Detached $619,900 $615,000 3008 10
17927 Ridge Lake Dr Detached $649,000 $621,500 2544 142
547 2nd ST Condo $625,000 $625,000 1529 54
15837 Allison Pl Detached $679,000 $635,000 3534 125
1992 Palisades Terrace Dr Detached $849,900 $825,000 4140 25
5355 Rosalia Way Detached $925,000 $915,000 3764 1
2371 Palisades Crest Dr Detached $1,198,000 $1,185,000 4270 11
18016 Skyland Circle Detached $1,790,000 $1,650,000 6304 240
13599 Knaus Rd Detached $2,148,000 $1,953,000 6874 1013

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.