Tag: Lake Oswego Oregon

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Market Activity June 22nd – 28th

Summer has been pretty busy here in the LO area during the 22nd and the 28th. We have 20 new houses entering the market, 29 houses entering into escrow, and 16 homes that have just sold! Whew!

One of the houses that I am tickled to see enter into escrow is the old church converted into a home on 796 1st st. What a cool experience that house was to visit, while it was on the market. How lucky those owners are to own such a unique home! Congrats to the sellers and the buyers!

See below of further explanation of the RMLS data.

New on the Market (June 22-28, 2015)

Address Type Price Bedrooms Bathrooms Sqft
100 KERR PKWY #2 CONDO 139,000 2 2 820
668 MCVEY AVE #44 CONDO 199,000 1 1 636
668 MCVEY AVE #85 CONDO 210,000 2 1.5 976
5392 TREE ST DETACHED 373,900 3 1.5 1232
2705 ORCHARD HILL PL DETACHED 435,000 3 2.5 2250
17422 BLUE HERON RD DETACHED 439,900 3 2 1954
5895 BURMA RD DETACHED 459,900 4 2.5 1781
14480 CAMDEN LN DETACHED 475,000 3 2.5 1944
2222 CREST DR DETACHED 639,000 4 3.5 2820
17 EL GRECO ST DETACHED 644,000 5 2.5 2778
156 DEL PRADO ST DETACHED 699,000 4 4 4862
4190 CHAD DR DETACHED 845,000 4 3.5 3913
13447 STREAMSIDE CT DETACHED 899,000 5 2.5 3609
815 OAK ST DETACHED 945,000 4 3.5 3709
4540 LAMONT WAY DETACHED 949,900 4 2.5 3555
14100 GOODALL RD DETACHED 950,000 3 2.5 3080
201 RIDGEWAY RD DETACHED 1,049,000 4 3.5 3624
3967 CANAL RD DETACHED 1,199,800 4 3.5 3875
3070 WEMBLEY PARK RD DETACHED 1,459,000 4 3.5 4032
4431 WEST BAY RD DETACHED 1,595,000 4 3 3098

Pending Sales (June 22-28, 2015)

Address Type Price Bedroom Bathrooms DOM
750 1ST ST #32 CONDO 134,990 1 1 64
4 OSWEGO SMT CONDO 144,900 2 2 5
226 RIDGEWAY RD CONDO 172,500 1 1 37
3652 SPRING LN CONDO 175,000 2 2 3
4334 BOTTICELLI ST CONDO 225,000 2 2.2 43
22 GREENRIDGE CT ATTACHED 308,000 3 2 2
1988 BONNIEBRAE DR ATTACHED 308,000 3 2 0
105 KINGSGATE RD DETACHED 319,900 3 2 21
7 SAINT HELLENS CIR DETACHED 335,000 2 2 3
5467 KENNY ST DETACHED 345,000 3 1 0
1428 GREENTREE CIR DETACHED 399,950 4 2.5 120
674 YORK RD DETACHED 435,000 4 3 3
1463 GREENTREE CIR DETACHED 489,900 4 2.5 3
674 LIVINGOOD LN DETACHED 548,900 4 2.5 6
1458 GREENTREE CIR DETACHED 549,000 4 2.5 22
16460 LEXINGTON CT DETACHED 574,000 3 2.5 8
4040 VIRGINIA WAY DETACHED 649,000 4 2.5 2
4719 LAKEVIEW BLVD DETACHED 665,000 4 2.5 24
1503 EASTVIEW CT DETACHED 689,000 3 3.5 7
3723 RIVERS EDGE DR DETACHED 750,000 4 2.5 2
2221 OVERLOOK DR DETACHED 750,000 4 2.5 31
14153 EDENBERRY DR DETACHED 775,000 4 2.5 6
5650 BAY CREEK DR DETACHED 799,900 4 2.5 53
796 1ST ST DETACHED 885,000 3 2.5 355
827 8TH ST DETACHED 999,990 5 3.5 3
17537 CARDINAL DR DETACHED 1,399,000 4 4.5 65
1956 CHERYL CT DETACHED 1,399,000 4 4.5 128
1947 SUMMIT DR DETACHED 1,499,000 5 5.5 104
2025 CEDAR CT DETACHED 2,200,000 3 4 9

Sold/Closed (June 22-28, 2015)

Address Type List Price Close Price Sqft DOM
89 GALEN ST #89 CONDO 185,000 76,000 575 88
16 CRESTFIELD CT CONDO 95,500 92,500 550 36
45 EAGLE CREST DR #214 CONDO 179,000 170,000 1046 12
15495 BRIANNE CT ATTACHED 280,000 280,000 1292 39
36 WHEATHERSTONE CONDO 300,000 290,000 1692 6
13080 THOMA RD DETACHED 1,095,000 279,900 3400 632
5340 CHINOOK CT DETACHED 374,500 3,800,000 1801 5
10 ORIOLE LN DETACHED 399,900 410,000 1536 4
1427 ASPEN ST DETACHED 495,000 488,150 2298 2
147 DEL PRADO ST DETACHED 549,000 511,000 2790 31
17833 HILLSIDE WAY DETACHED 575,000 567,000 2668 32
4736 AMHERST CT ATTACHED 575,000 575,000 2812 4
13456 PROVINCIAL HILL WAY DETACHED 729,000 715,000 2771 20
15761 SPRINGBROOK CT DETACHED 728,000 733,000 3007 2
17065 TUALATIN ST DETACHED 739,000 739,900 2733 9
14053 AMBERWOOD CIR DETACHED 782,500 784,500 3126 5

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 ~ May Numbers

Here are the most recent real estate numbers for Portland and the Lake Oswego/West Linn areas (RMLS lumps them together).

Enjoy!  I hope you find this helpful.

According to the RMLS Market Action Report for the Portland Metro Area, May, 2015:

  • There were 4,161 New Listings in May which was up 5.4% from the previous month/April, but down 0.7% from May of 2014.
  • At 2,942 May Closed Sales increased 7.6% over April, and were up  18.5% from May of 2014.
  • May Pending Sales (accepted offers), at 3,546, was down a bit from the previous month by 1.9%, and was 18.6% better than May of 2014.
  •  The Average Sale Price in May of $359,100 was up $11,600. from April’s Average of $347,500, and up $23,800 from May of 2014’s $335,300. 

The combined areas of Lake Oswego and West Linn  for the month of May 2015 reported:

    •  414 Active Listings  (364 in April)
    •  276 New Listings    (237 in April)
    •  191 Pending Sales    (200 in March)
    •  155 Closed Sales   (161 in March)
    • Average Sale Price for May of $533,300.  ($506,300. in April)
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can scew 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: 78 Days  (73in April)
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Market Activity ~ June 8-14, 2015

I’m noticing a lot of the homes that have been on the market awhile are moving now. You’ll notice CDOM (Cumulative Days on Market) numbers below in Pendings and Solds such as 628, 343, 497, 243, 328, 247, 541, 582…  In 100% of these cases, the price has dropped, and significantly. In our outline below, in the “Solds”, for instance, the “Opening Price” is the price at which the latest iteration of the Listing opened. One of these shows an increase, whereas the actual price drop from where the listing originally started was $279,000.  Anyway, the takeaway here is to aim to price your home right at the start as close as possible to what the market shows it will bear… even if its tempting to go higher. You’ll be better off in the long run… and the process will be much shorter : )   ***This is in no way a criticism of the individual homes below or the people involved… (there are always individual circunstances not reflected here) but rather, just an observation & some thoughts based on the historical data as presented by RMLS, and my thoughts on general best practice.

Another thing I thought to be interesting is the number of what I call “Refreshed” Listings.  I regularly go through the “New” Properties and weed out those that have been refreshed/given a new Listing Number (we Realtors often do this to help boost the marketing for a home a little bit), or that have been off the market less than 30 days. This helps me feel confident that our Property Blotter readers are really getting the scoop on actual “New” properties entering the market.  Out of the 24 Properties listed as “New” this week, a full 9 of those were “Refreshed” Listings (thus, the only 15 listed for you below as really New).      Here is some interesting info I put together from a week’s data snapshot as I was looking to see if there are any trends for the Properties that end up being Refreshed:

Prev. DOM Asking Price Drop from Original
128
88 $40,000
192 $74,000
36 $73,000
109 $29,950
84 $20,400
662 $71,000
108 $5,000
22

Last week in Lake Oswego we saw 15 New properties enter the market, 25 move to Pending status, and 23 “Closed”/Sold.

Following is the breakdown for you according to RMLS for last week:

NEW on Mkt (June 8-14, 2015)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY #42 $100,000 2 1.1 822 CONDO
100 KERR PKWY #35 $109,900 1 1 617 CONDO
4433 THUNDER VISTA LN $274,900 2 2.1 1980 CONDO
4965 SUNTREE LN $399,900 3 2.1 1572 DETACHD
16946 LOWER MEADOWS DR $450,000 3 2.1 1795 DETACHD
1559 WORTHINGTON ST $459,900 4 2 2016 DETACHD
5045 GREENSBOROUGH CT $579,900 4 2.1 2107 DETACHD
17721 OVERLOOK CIR $599,900 4 2.1 3172 DETACHD
16750 PHANTOM BLUFF CT $614,500 3 3 2267 DETACHD
18034 WESTVIEW DR $725,000 4 2.1 3562 DETACHD
3232 WEMBLEY PARK RD $749,900 4 3.1 2805 DETACHD
251 D AVE $849,000 4 2.2 2635 DETACHD
2024 PALISADES TERRACE DR $975,000 4 3.1 4819 DETACHD
990 TERRACE DR $1,075,000 4 2.1 3740 DETACHD
706 5TH ST $1,099,900 4 2.1 2730 DETACHD

PENDING SALES (June 8-14, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4626 LOWER DR #Main $132,000 2 1.1 1260 CONDO 22
47 EAGLE CREST DR #18 $136,950 2 1 932 CONDO 5
208 OSWEGO SMT #Upper $169,900 2 2 1383 CONDO 4
1790 CONIFER DR $325,000 2 1 1003 DETACHD 15
5547 WASHINGTON CT $349,900 4 2 1300 DETACHD 24
6461 SW EDGEWOOD ST $384,900 4 2.1 1950 DETACHD 72
6352 SW DAWN ST $389,000 3 2 1684 DETACHD 3
14383 HOLLY SPRINGS RD $437,990 5 3 2238 DETACHD 82
1448 CEDAR ST $440,000 4 3 2544 DETACHD 628
18581 WAXWING WAY $469,000 4 2.1 2076 DETACHD 24
15941 INVERURIE RD $495,000 4 2 2611 DETACHD 14
17902 MEADOWLARK LN $514,900 3 2.1 1950 DETACHD 38
27 BECKET ST $549,000 3 2 2724 DETACHD 106
2251 SUMMIT DR $599,000 5 3 2676 DETACHD 118
760 TIMBERLINE DR $599,900 4 3 3058 DETACHD 12
4141 BIRDBILL CT $675,000 5 2.1 2912 DETACHD 8
1770 HEADLEE LN $699,000 2 3 2434 DETACHD 112
5728 BAY CREEK DR $799,000 5 2.1 3504 DETACHD 5
5590 KODERRA AVE $828,800 4 2.1 3289 DETACHD 10
1917 PALISADES LAKE CT $899,000 4 2.1 3852 DETACHD 343
50 BRIARWOOD RD $949,000 6 6 6000 DETACHD 497
4579 UPPER DR $1,198,000 4 3.1 3720 DETACHD 20
1539 LAKE FRONT RD $1,200,000 4 3.1 3385 DETACHD 243
1135 LAKE FRONT RD $2,150,000 4 4 4245 DETACHD 113
1199 FAIRWAY RD $2,799,000 4 4.2 5527 DETACHD 328

SOLD  (June 8-14, 2015)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
47 Eagle Crest DR #43 $124,900.0 $115,000.0 2 1 932 CONDO 25
4630 LOWER DR #Lower $137,000.0 $131,500.0 2 1.1 1260 CONDO 5
4000 CARMAN DR #G101 $149,900.0 $152,000.0 2 2 869 CONDO 12
4 TOUCHSTONE #78 $160,000.0 $166,000.0 3 2.1 1351 CONDO 151
5860 LAKEVIEW BLVD $289,900.0 $289,900.0 2 1.1 1435 DETACHD 14
6288 SEVILLE AVE $295,000.0 $302,500.0 3 2 1470 DETACHD 3
1422 ASH ST $337,500.0 $340,000.0 4 3 2583 DETACHD 137
13985 SUNDELEAF DR $359,990.0 $352,000.0 3 2 1278 DETACHD 23
4283 WOODSIDE CIR $359,900.0 $359,900.0 4 2 2032 ATTACHD 10
3101 WEMBLEY PARK RD $319,000.0 $375,000.0 2 1 858 DETACHD 3
17390 CARDINAL DR $425,000.0 $425,000.0 3 2 1585 DETACHD 2
19 MONTICELLO DR $479,900.0 $450,500.0 6 3 3678 DETACHD 27
18530 BRYANT RD $514,995.0 $521,125.0 3 2.1 2400 DETACHD 14
14309 MEADOW GRASS ST $599,999.0 $610,000.0 4 2.1 2620 DETACHD 1
221 6TH ST $625,000.0 $619,250.0 3 2 1508 DETACHD 14
15 NANSEN SMT $685,000.0 $647,100.0 3 2.1 3098 DETACHD 17
1210 WELLS ST $719,000.0 $656,000.0 6 3.1 4464 DETACHD 247
3180 WESTVIEW CT $875,000.0 $840,000.0 5 3.1 4216 DETACHD 14
15195 LILY BAY CT $898,000.0 $850,000.0 4 2.1 4099 DETACHD 66
17970 ROYCE WAY $1,125,000.0 $1,000,000.0 5 4.1 5355 DETACHD 34
1850 ATHERTON DR $1,179,000.0 $1,125,000.0 3 2.1 4825 DETACHD 581
2410 SUMMIT CT $1,595,000.0 $1,550,000.0 3 3.1 3750 DETACHD 0
1495 OAK TER $1,995,000.0 $2,000,000.0 4 4 3983 DETACHD 542

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 Report June 1st – 7th 2015

This is coming a bit late, this is a large report! Lake Oswego is doing superb! 18 new houses on the market, 38 pending sales (good luck you guys! You got this!), and 15 sales.

Following is the breakdown for you according to RMLS for last week:

New on the Market (May 25-31, 2015)

Address Type Price Bedrooms Bathrooms Sqft
44 EAGLE CREST DR #10 CONDO 93,900 1 1 789
47 EAGLE CREST DR #20 CONDO 126,950 2 1 1009
200 BURNHAM RD #102 CONDO 229,900 1 1 820
750 1ST ST #14 CONDO 250,000 2 2 1350
200 BURNHAM RD #406 CONDO 265,000 2 1 1199
4851 MADRONA ST DETACHED 299,900 3 2 1434
14594 WILMOT WAY DETACHED 448,000 3 2.5 1710
17359 ASHLEY CT DETACHED 475,000 4 2.5 2370
1458 GREENTREE CIR DETACHED 549,000 4 2.5 2156
24 PARTRIDGE LN DETACHED 584,000 4 2.5 3238
149 MIDDLECREST RD DETACHED 729,000 2 2 2302
3270 FIR RIDGE RD DETACHED 750,000 4 3 3349
4719 LAKEVIEW BLVD DETACHED 765,000 4 2.5 2923
5364 LANGFORD LN DETACHED 825,000 3 2.5 3022
811 NORTHSHORE RD DETACHED 1,465,000 4 4 4945
1098 CHANDLER RD DETACHED 2,145,000 4 3.5 3471
13590 GOODALL RD DETACHED 3,000,000 4 3.5 5656
1901 PALISADES TERRACE DR DETACHED 3,945,000 5 4.5 7284

Pending Sales (May 25-31, 2015)

Address Type Price Bedroom Bathrooms DOM
89 GALEN ST #89 CONDO 82,000 1 1 88
4 TOUCHSTONE #146 CONDO 137,500 2 2 4
3814 BOTTICELLI ST ATTACHED 189,900 2 2 21
4459 THUNDER VISTA LN CONDO 255,000 2 2.5 32
16200 PACIFIC HWY #24 CONDO 269,000 2 2 141
17780 HILL WAY DETACHED 275,000 2 1 4
36 WHEATHERSTONE CONDO 300,000 3 2.5 6
105 KINGSGATE RD CONDO 319,900 3 2 0
1023 HALLINAN ST DETACHED 329,900 3 1.5 58
1 PEACOCK PL DETACHED 348,500 3 2.5 13
16444 BONAIRE AVE DETACHED 349,900 3 2 14
17270 BRYANT RD DETACHED 399,000 3 3 49
820 BOCA RATAN DR DETACHED 399,000 4 3 4
1647 DEVON LN DETACHED 399,900 4 2.5 13
12519 SW 27TH PL DETACHED 440,000 3 2.5 0
5431 WILLOW CT ATTACHED 475,000 3 2.5 8
1426 GREENTREE CIR DETACHED 539,900 4 3 1043
2043 RIDGEWOOD RD DETACHED 579,900 5 3 3016
18910 TERRY AVE DETACHED 585,000 4 3.5 121
17348 HUNTER CT DETACHED 609,900 3 2.5 4
17336 HUNTER CT DETACHED 609,900 3 2.5 28
555 COUNTRY CLUB RD DETACHED 625,000 3 3 328
16920 GREENTREE AVE DETACHED 625,000 4 2.5 31
2084 RIDGEWOOD RD DETACHED 679,000 3 2.5 109
729 SOUTHVIEW RD DETACHED 695,000 3 2 105
5441 BAY CREEK DR DETACHED 725,000 4 2.5 15
3 MOUNTAIN VIEW LN DETACHED 750,000 5 3.5 127
4055 ORCHARD DR DETACHED 775,000 5 3.5 44
4974 CASCARA LN DETACHED 799,000 4 2.5 2
2348 SUMMIT DR DETACHED 859,000 4 3 4
910 FAIRWAY RD DETACHED 1,069,000 4 3.5 189
610 9TH ST DETACHED 1,200,000 4 3.5 5
16902 CHAPIN WAY DETACHED 1,299,000 5 4 84
18024 ESTRIDGE LN DETACHED 1,398,801 4 3.5 186
19300 STAFFORD RD DETACHED 1,995,000 4 2.5 75

Sold/Closed (May 25-31, 2015)

Address Type List Price Close Price Sqft DOM
54 GALEN ST CONDO 135,900 121,500 995 42
48 EAGLE CREST DR 3D CONDO 248,000 233,000 1434 20
5062 FOOTHILLS DR H CONDO 250,000 249,000 1252 5
2031 BONNIEBRAE DR ATTACHED 319,900 319,900 1611 6
16953 GREENTREE AVE DETACHED 420,000 482,000 1941 4
1033 SPRUCE ST DETACHED 495,000 506,075 1562 28
5210 COVENTRY CT DETACHED 510,000 515,000 2135 2
13431 VERMEER DR DETACHED 499,000 518,000 2700 9
5600 DOGWOOD DR DETACHED 525,000 525,000 1908 5
1119 OAK ST DETACHED 529,900 529,900 2123 99
4011 COHO LN DETACHED 585,000 585,000 2776 0
12615 SW 21ST CT DETACHED 739,000 727,000 4594 36
4123 CHAD DR DETACHED 854,950 782,000 3833 186
14536 PFEIFER DR DETACHED 1,200,000 1,100,000 3781 131
290 IRON MOUNTAIN BLVD DETACHED 2,095,000 2,060,000 4733 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.

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Open Houses

Open houseIt has been a hectic 5 days (2 new listings, both sold within days, whew!) so I apologize for the lateness of this posting. I had intended to do this last week.

Believe it or not, open houses are actually fairly controversial among Realtors. Years ago I worked in an office where one of the agents had a large sign he used at listing appointments. It had the words “Open House” with one of those big red “O’s” with a line through it. In other words, he let people know right up front he would not be doing any open houses. That is one side of the argument, that they don’t work. I am on the other side, I think that they do work.

For some real estate agents I think they feel it is a waste of time. It is true that the Internet is way more affective to generate interest in a house. The other thing that’s affective is correct pricing. And as someone who has spent many, many hours in open houses, it can feel like a waste of time. But I do them anyway.

Why? Because they work. Not every time. In fact, not most of the time. But they are a tool. Why not use every tool available? In 28 years of selling houses, I have held open houses for every listing I have ever had if it stayed on the market for more than a week. This means I do open houses nearly every weekend and sometimes 2 in one day. But you know what? I sell a house off of my open house efforts every now and again. I am writing this post because I sold a listing off of an open house about a week ago.

Now a word of caution. When an open house is held, the listing agent has no control over who attends. This means that the public is coming through the house. As a home owner, you need to put away any tempting items that could be pilfered: jewelry, little clocks and collectables, money, watches, and prescription medications. As a Realtor, you need to not allow anyone to use the bathrooms and you’ve got to keep an eye on the people who come through by going through the house with them and watching them.

In a nutshell, I don’t think open houses are a waste of time. Because I do them, I have seen them work. If I didn’t do them, well that would doom them to failure from the get go.

So here’s wishing you some happy house hunting on a nice, sunny afternoon like today.
Dianne

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Market Activity May 25-31, 2015

We are definitely in the full throws of the spring market. It is hectic! Last week in Lake Oswego there were 21 new listings, 19 houses that went pending, and 22 closed sales.

Following is the breakdown for you according to RMLS for last week:

New on the Market (May 25-31, 2015)

Address Type Price BR Bths SF
3812 Botticellil St Condo $239,000 3 2 1200
17780 Hill Way Detached $275,000 2 1 960
36 Wheatherstone Condo $300,000 3 2.5 1692
15112 Quarry Rd Detached $364,900 3 2 1968
820 Boca Ratan Dr Detached $399,000 4 3 2220
4793 Auburn Ln Attached $450,000 3 2.5 2083
5431 Willow Ct Attached $475,000 3 2.5 2465
15941 Inverurie Rd Detached $495,000 4 2 2611
37 Berwick Rd Detached $510,000 3 2 2198
4311 Orchard Way Detached $615,000 4 2.5 2804
760 Timberline Dr Detached $624,500 4 3 3058
5335 Carman Grove Ln Detached $695,000 3 2.5 2316
17024 Canal Circle Detached $785,000 3 1 1267
2221 Overlook Dr Detached $799,000 3 2.5 3628
5590 Koderra Ave Detached $828,800 4 2.5 3289
3788 Southshore Blvd Detached $900,000 3 3 3224
769 2nd St Detached $1,150,000 5 2.5 3308
610 9th St Detached $1,200,000 4 3.5 3690
3914 Edens Edge Dr Detached $1,745,000 5 5.5+.5 6891
129 Furnace St Condo $1,995,000 4 4.5 5772
3142 Lakeview Blvd Detached $4,350,000 4 5 5554

Pending Sales (May 25-31, 2015)

Address Type Price BR Baths SF DOM
4 Crestfield Ct #4 Condo $145,000 2 1 923 14
19 Crestfield Ct Condo $157,000 2 1 923 19
226 Ridgeway Rd Condo $170,000 1 1 756 5
5276 W Sunset Dr Detached $319,000 2 1 840 23
5340 Chinook Ct Detached $374,500 3 2 1801 5
1637 Devon Ln Detached $399,900 4 2.5 2494 7
15921 Kimball St Detached $499,900 3 2 2309 3
147 Del Prado St Detached $519,000 3 3 2790 31
17101 Chapin Way Detached $519,000 3 2 1949 74
17820 Westview Dr Detached $524,900 3 2.5 2407 25
4736 Amherst Ct Attached $575,000 3 2.5 2812 4
1982 Park Forest Ave Detached $585,000 4 3 2765 24
14309 Meadow Grass St Detached $599,999 4 2.5 2620 1
2737 Tolkien Ln Detached $699,000 4 3.5 4397 3
5864 Stewart Glenn Ct Detached $790,000 4 2.5 3224 4
18430 Pilkington Rd Detached $795,000 4 3 2946 18
851 9th St Detached $999,900 4 2.5 2699 6
15451 Village Dr Detached $1,075,000 3 3.5 4154 12
3140 Douglas Circle Detached $1,395,000 4 3.5 4333 54

Sold/Closed (May 25-31, 2015)

Address Type List Price Closed Price Sq Ft CDOM
44 Cervantes Cir #44 Condo $132,500 $125,000 912 21
16250 Pacific Hwy #67 Condo $149,900 $140,000 841 45
191 Oswego Summit Condo $150,000 $100,000 1506 304
16200 Pacific Hwy #21 Condo $269,000 $259,000 1,190 113
15434 Stephanie Ct Attached $315,000 $320,000 1566 2
7 Condolea Dr Condo $380,000 $380,000 2388 23
44 Northview Ct Attached $385,000 $385,000 2340 7
4972 Galen St Attached $430,000 $421,000 1942 175
5189 Tualata Ln Detached $475,000 $440,000 2422 150
683 5th St Detached $450,000 $450,000 2100 0
556 6th St Detached $450,000 $450,000 1560 0
1297 Hide a Way Ln Detached $525,000 $522,000 1832 6
18728 Bryant Rd Detached $544,995 $524,995 2736 45
3170 Royce Way Detached $539,900 $535,000 3193 6
5326 Childs Rd Detached $549,901 $538,000 1801 57
17650 Westview Dr Detached $579,900 $555,000 2849 101
3009 Wembley Park Rd Detached $598,500 $570,000 1704 122
4201 Haven St Detached $649,900 $625,000 2678 33
77 Garibaldi St Detached $829,000 $817,000 3023 49
496 8th St Detached $879,000 $850,000 2899 35
1901 Summit Dr Detached $899,000 $899,000 3444 7
720 Kenola Ct Detached $1,200,000 $985,000 3727 53

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 ~ April Numbers 2015

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Here are the most recent real estate numbers for Portland and the Lake Oswego/West Linn areas (RMLS lumps them together).

Enjoy!   (If you like this kind of thing…. we do : )

According to the RMLS Market Action Report for the Portland Metro Area, April, 2015:

  • There were 3,949 New Listings in April which was up 9.8% from the previous month/March, and up 8.8% from April of 2014.
  • At 2,734 April Closed Sales increased 11.3% over March and were up  27.6% from April of 2014.
  • April Pending Sales (accepted offers), at 3,613, was the strongest April since 2005. Up… 6.8%  from March AND 27.9% better than April of 2014.
  •  The Average Sale Price in April of $347,500 was up $10,300. from March’s Average of $337,200, and $14,900 from April of 2014’s $332,600. 

The combined areas of Lake Oswego and West Linn  for the month of April 2015 reported:

    •  364 Active Listings  (373 in March)
    •  237 New Listings    (209 in March)
    •  200 Pending Sales    (174 in March)
    •  161 Closed Sales   (130 in March)
    • Average Sale Price for April of $506,300.  ($475,900. in March)
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can scew 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: 73 Days  (104 in March)
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Market Activity ~ May 18-24, 2015

Movin’ right along…………

Last week in Lake Oswego we saw 19 New properties enter the market, 36 move to Pending status, and 20 “Closed”/Sold.

Following is the breakdown for you according to RMLS for last week:

NEW on Mkt (May 18-24, 2015)

Address List Price # Beds # Baths Total SF Prop Type
6331 SHAKESPEARE ST $314,900 3 1.1 992 DETACHD
1 PEACOCK PL $348,500 3 2.1 1248 DETACHD
16444 BONAIRE AVE $349,900 3 2 1392 DETACHD
5547 WASHINGTON CT $349,900 4 2 1300 DETACHD
6105 SW SHAKESPEARE ST $399,900 4 2 1550 DETACHD
5748 WINDFIELD LOOP $415,000 3 3 1693 DETACHD
15518 HERITAGE CT $565,000 4 3.1 2700 DETACHD
4220 ALBERT CIR $585,000 3 3 2406 DETACHD
820 LAKE FOREST DR $599,950 4 2.1 2676 DETACHD
345 E AVE $600,000 3 2 1582 DETACHD
17200 CANAL CIR $685,000 2 1.1 1774 DETACHD
5441 BAY CREEK DR $725,000 4 2.1 3117 DETACHD
5349 CARMAN DR $745,000 3 2.1 2633 DETACHD
2395 PALISADES CREST DR $749,000 4 3 3397 DETACHD
104 GARIBALDI ST $799,000 3 2.1 3074 DETACHD
4800 UPPER DR $1,195,000 5 5 5074 DETACHD
4579 UPPER DR $1,198,000 4 3.1 3700 DETACHD
13599 KNAUS RD $1,888,000 5 7 6874 DETACHD
1814 Highlands LOOP $2,295,000 4 4.1 5579 DETACHD

PENDING SALES (May 18-24, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4630 LOWER DR #Lower $137,000 2 1.1 1260 CONDO 5
336 CERVANTES CIR $139,500 2 1.1 1112 CONDO 198
272 CERVANTES #Lower $159,000 3 2 1209 CONDO 6
48 EAGLE CREST DR #2C $164,900 3 2 1623 CONDO 199
3433 MCNARY PKWY #701 $199,900 2 2.1 1136 CONDO 6
16250 PACIFIC HWY #56 $229,900 2 2 1305 CONDO 439
15495 BRIANNE CT $280,000 2 2.1 1292 ATTACHD 39
208 GREENRIDGE DR $337,500 3 2 1392 ATTACHD 10
21 ORIOLE LN $375,000 2 2 1473 DETACHD 7
1428 GREENTREE CIR $399,950 4 2.1 2236 DETACHD 84
10 ORIOLE LN $410,000 3 2 1536 DETACHD 4
4730 FIRWOOD RD $425,000 4 2 2124 DETACHD 6
304 6TH ST $450,000 1 1 941 DETACHD 21
2705 ORCHARD HILL LN $489,000 4 2.1 2841 DETACHD 24
1427 ASPEN ST $495,000 4 2 2298 DETACHD 2
19226 CHILDS CT $499,000 5 2.5 2552 DETACHD 3
5695 WASHINGTON CT $499,000 4 2 1769 DETACHD 33
14145 REDWOOD CT $539,000 4 3 2452 DETACHD 64
1681 WOODLAND TER $585,000 3 2.1 2304 DETACHD 26
3099 ROSEMARY LN $599,000 4 4 4486 DETACHD 9
4263 SUNSET DR $625,000 3 2.1 3250 DETACHD 27
2699 TOLKIEN LN $670,000 4 2.1 3115 DETACHD 32
5605 SOUTHWOOD DR $689,900 4 2.1 2984 DETACHD 2
1336 GLENMORRIE DR $709,900 3 3.1 3150 DETACHD 3
15761 SPRINGBROOK CT $728,000 4 3 3007 DETACHD 2
13456 PROVINCIAL HILL WAY $729,000 3 2.1 2771 DETACHD 20
5626 GRAND OAKS DR $749,000 3 3.1 3387 DETACHD 21
5987 SUNCREEK DR $775,000 4 2.1 2932 DETACHD 33
16987 Alder CIR $799,000 3 2.1 1989 DETACHD 34
22 HOTSPUR ST $829,000 5 3.1 4002 DETACHD 7
1120 HOODVIEW LN $919,900 4 3 3454 DETACHD 4
2250 SOUTHSHORE BLVD $975,000 4 4.1 4373 DETACHD 1
2609 GLEN HAVEN RD $1,060,000 4 4 3793 DETACHD 66
1411 LAKE FRONT RD $1,395,000 3 4 3349 DETACHD 50
17735 KELOK RD $1,499,000 4 3 4021 DETACHD 163
1836 Highlands LOOP $1,800,000 4 5.1 5400 DETACHD

SOLD  (May 18-24, 2015)

Address Open Price Closed Price # Beds # Baths Total SF Prop Type CDOM
1400 BONNIEBRAE DR $185,000 $175,000 2 1 864 ATTACHD 4
4107 JEFFERSON PKWY $237,500 $245,000 2 2.1 1367 CONDO 7
62 GREENRIDGE CT #Grnd $260,000 $260,000 3 2 1596 CONDO 147
200 BURNHAM RD #209 $299,900 $300,000 2 2 1305 CONDO 5
16875 TRACY AVE $320,000 $315,000 4 2 1825 DETACHD 2
9 CONDOLEA DR #Main $380,000 $364,500 3 3 2198 CONDO 39
550 2ND ST $419,995 $376,000 2 1.2 1540 CONDO 343
321 CERVANTES #Grnd $385,000 $385,000 3 2.1 2474 CONDO 205
5866 RIDGETOP CT $407,500 $407,500 3 2 1866 DETACHD 2
5364 ROSEWOOD ST $449,900 $433,000 4 2.1 1980 DETACHD 28
63 TOUCHSTONE $539,900 $545,000 4 3 2472 DETACHD 4
2550 SOUTHSHORE BLVD $590,000 $565,000 4 3.1 3721 DETACHD 159
1011 Spruce ST $565,000 $585,000 3 2.1 1930 DETACHD 29
80 TANGLEWOOD DR $629,900 $641,000 5 3 2713 DETACHD 3
5157 WOODCREST LN $649,900 $645,000 4 2.1 3144 DETACHD 33
19496 OLSON AVE $750,000 $750,000 4 2.1 3172 DETACHD 1
13371 ATWATER LN $899,000 $899,000 4 3 4795 DETACHD 0
17335 KELOK RD $1,039,000 $930,000 4 3.1 2491 DETACHD 48
717 5TH ST $995,000 $981,200 4 2.1 2809 DETACHD 0
2493 SOUTHSHORE BLVD $2,895,000 $2,650,000 5 5.1 7112 DETACHD 458

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, May 11-17 2015

Spring has not only been beautiful but very busy!
During the week of May 11 to May 17 we saw 24 new houses debut on the market, 16 homes went pending, and 20 marvelous houses sold!

Following is the breakdown for you according to RMLS for last week:

New on the Market (May 11-17, 2015)

Address Type Price Bedrooms Bathrooms Sqft
16 CRESTFIELD CT CONDO 95,500 1 1
47 EAGLE CREST DR #24 CONDO 109,000 1 1 672
4626 LOWER DR CONDO 132,000 2 1.5 1260
4 CRESTFIELD CT #4 CONDO 145,000 2 1 923
3814 BOTTICELLI ST ATTACHED 189,900 2 2 1055
4334 BOTTICELLI ST CONDO 239,000 2 2.5 2298
10 CONDOLEA DR ATTACHED 240,000 2 2 1312
21 ORIOLE LN DETACHED 375,000 2 2 1473
5861 BENFIELD CT DETACHED 399,500 4 2 1557
18581 WAXWING WAY DETACHED 479,000 4 2.5 2076
6286 HARRINGTON AVE DETACHED 529,000 3 2 3219
2440 OVERLOOK DR DETACHED 565,000 4 3 3850
3099 ROSEMARY LN DETACHED 599,000 4 4 4486
5355 CARMAN GROVE LN DETACHED 625,000 4 2.5 2302
17455 BROOKHURST DR DETACHED 669,000 4 2.5 2884
12777 SIERRA VISTA DR DETACHED 694,000 4 2.5 3144
14001 WESTCOTT CT DETACHED 719,900 3 2.5 3223
22 HOTAPUR ST DETACHED 829,000 5 3.5 4002
1120 HOODVIEW LN DETACHED 919,900 4 3 3454
5349 WASHINGTON CT DETACHED 1,000,000 4 3.5 3850
15451 VILLAGE DR DETACHED 1,075,000 3 3.5 4154
1979 COUNTRY CLUB RD DETACHED 1,199,000 5 5.5 4115
1578 VIEW LAKE CT DETACHED 1,549,000 4 4.5 4476
149 FURNACE ST CONDO 1,795,000 3 3.5 4784

Pending Sales (May 11-17, 2015)

Address Type Price Bedroom Bathrooms DOM
45 EAGLE CREST DR #214 CONDO 179,000 1 2 12
44 NORTHVIEW CT ATTACHED 385,000 2 3 7
550 2ND ST CONDO 389,500 2 1.5 343
1207 HALLINAN CIR DETACHED 389,900 2 2 3
17390 CARDINAL DR DETACHED 425,000 3 2 2
101 3RD ST CONDO 485,000 3 2 3
2550 GREENTREE RD DETACHED 499,000 4 3 18
4798 AUBURN LN ATTACHED 529,000 3 3.5 5
504 10TH ST DETACHED 700,000 3 2 69
6484 MCDUFF CT DETACHED 749,000 4 4 18
18120 DELENKA LN DETACHED 759,900 4 2.5 14
14053 AMBERWOOD CIR DETACHED 782,500 3 3 5
1267 MAPLE ST DETACHED 879,000 4 2.5 210
4350 LORDS LN DETACHED 1,199,000 5 4 5
14084 GOODALL RD DETACHED 1,395,000 5 5.5 256
16707 GRAEF CIR DETACHED 2,100,000 4 3.5 4

Sold/Closed (May 11-17, 2015)

Address Type List Price Close Price Sqft DOM
66 GALEN ST CONDO 109,500 96,000 689 111
44 EAGLE CREST DR #26 CONDO 136,500 136,500 908 0
16470 BRYANT RD DETACHED 324,900 312,500 2024 140
12804 SW BOONES FERRY RD ATTACHED 316,000 316,000 1174 0
1689 MEADOWS DR DETACHED 394,900 395,000 2182 23
1878 MAPLELEAF RD DETACHED 399,900 397,000 1347 5
44 AQUINAS ST DETACHED 379,900 410,000 1870 24
17763 MARDEE AVE DETACHED 447,000 450,000 2300 10
5364 GREYSTOKE DR DETACHED 458,500 458,500 1807 2
13166 PETERS RD DETACHED 525,000 460,000 2575 0
3 EL GRECO ST DETACHED 439,500 460,000 2370 2
25 PARTRIDGE LN DETACHED 485,000 476,000 3148 14
1901 WOODLAND TER DETACHED 519,000 495,000 2944 1
4925 MULHOLLAND DR ATTACHED 520,000 520,000 2424 2
279 EVERGREEN RD ATTACHED 639,000 632,000 2136 9
4945 PARKHILL ST DETACHED 659,900 659,900 3302 0
15947 WALUGA DR DETACHED 725,000 700,000 3370 18
2671 GLEN EAGLES RD DETACHED 825,000 825,000 4019 5
893 10TH ST DETACHED 979,000 979,000 2719 0
13286 GOODALL RD DETACHED 1,750,000 1,682,500 6819 142

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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Beautiful running routes in Lake Oswego

I hope you are all enjoying this great weather today, though in the past few days it has been seeming a little bi-polar with sun, then rain, then sun again.
With sunshine and pleasant temperature, I have found that I am more motivated to trail blaze my old running routs, and I have seen many other neighbors express the same motivation. I must say that Lake Oswego is one of the BEST cities I have ever found to be an active power-walker, hiker, or jogger in. My personal favorite route is to follow along Lakeview Blvd, up Summit (if you are looking for a good booty-kicker hill), and then down around Iron Mountain. For the distance I like to choose North Shore, McVey, and then South Shore (though it will be a while before I can enjoy that heck-of-a-trek).
Wherever you wander you will likely see the most beautiful of scenes with our lush greenery, glimpses of our glimmering lake, magnificent houses, and many friendly neighbors (I have never run into a person in LO that hasn’t offered up a friendly wave or a kind hello!)
So wherever your feet take you, I hope you get the chance to work up a healthy sweat in our activity-friendly city.