Tag: Lake Oswego Oregon

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Market Activity May 4-10, 2015

Another great week in real estate has come to pass. Last week Lake Oswego had 20 new listings, 29 pending sales, and 11 closed sales.

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

New on the Market (May 4-10, 2015)

Address Type Price BR Bths SF
47 Eagle Crest DR #43 Condo $124,900 2 1 932
19 Crestfield Ct Condo $157,900 2 1 923
5849 Fernbrook Circle Detached $275,000 3 1.5 1239
16173 Lake Forest Blvd Detached $335,000 3 1 1334
208 Greenridge Dr Attached $337,500 3 2 1392
5276 W Sunset Dr Detached $349,000 2 1 840
44 Northview Ct Attached $385,000 2 3 2340
17902 Meadowlark Ln Detached $519,900 3 2.5 1950
17820 Westview Dr Detached $524,900 3 2.5 2407
1500 Woodland Terr Detached $559,000 4 2.5 2798
1982 Park Forest Ave Detached $585,000 4 3 2765
17336 Hunter Ct Detached $609,900 3 2.5 3023
18295 Westview Dr Detached $624,950 4 3 3580
55 Northshore Rd #11 Condo $749,000 2 1.5 1910
14053 Pilkington Rd Detached $795,000 4 3 2946
18493 Ray Ridge Dr Detached $1,125,000 4 3.5+.5+.5 4401
4350 Lords Ln Detached $1,199,000 5 4 3888
2464 Palisades Crest Dr Detached $1,199,000 4 2.5 3897
583 2nd St Condo $1,250,000 2 2.5 2304
14053 Amberwood Circle Detached $782,500 3 3 3126

Pending Sales (May 4-10, 2015)

Address Type Price BR Baths SF DOM
104 Oswego Summit Condo $99,000 1 1 764 4
44 Eagle Crest Dr #26 Condo $136,500 2 1 908 0
4000 Carmen Dr G101 Condo $149,900 2 2 869 12
3892 Botticelli St Condo $225,000 3 2 1288 32
1316 Cedar St Detached $230,000 1 1 1594 0
48 Eagle Crest Dr 3D Condo $248,000 2 2 1434 20
16200 Pacific Hwy #21 Condo $269,000 2 2 1190 113
668 McVey Ave #76 Condo $274,900 2 1 836 14
5860 Lakeview Blvd Detached $289,900 2 1.5 1435 14
4324 Woodside Circle Attached $309,900 2 2 1216 3
13985 Sundeleaf Dr Detached $359,990 3 2 1278 23
18651 Don Lee Way Detached $399,000 4 2 1630 21
14710 Davis Ln Attached $399,999 2 2.5 1680 3
16953 Greentree Ave Detached $420,000 4 3 1941 4
4596 Lamont Way Detached $424,900 4 2 2236 7
18481 Waxwing Circle Detached $453,000 3 2.5 1840 52
16915 Crestview Dr Detached $459,000 4 2.5 2180 8
5221 Rosewood St Detached $469,000 3 2.5 2226 18
6276 Frost Ln Detached $489,900 4 3.5 2304 17
4725 Firwood Rd Detached $569,900 4 2.5 2557 6
17833 Hillside Way Detached $575,000 4 3 2668 32
2464 Marylhaven Pl Detached $610,000 4 2.5 2898 4
17244 Fernwood Dr Detached $649,900 4 2.5 2617 7
17065 Tualatin St Detached $739,000 3 2.5 2733 9
5955 Sunbrook Dr Detached $759,000 4 3 3110 5
15195 Lily Bay Ct Detached $898,000 4 2.5 4099 66
3301 Upper Dr Detached $1,295,000 4 3.5 4555 29
2322 Knaus Rd Detached $1,595,000 4 3.5+.5 4875 19
1495 Oak Terrace Detached $1,995,950 4 4 3983 542

Sold/Closed (May 3-10, 2015)

Address Type List Price Closed Price Sq Ft CDOM
15938 Quarry Rd A5 Condo $164,900 $159,000 996 7
668 McVey Ave #33 Condo $284,900 $270,000 852 58
3 Condolea Dr Condo $325,000 $296,500 2198 146
13901 Sundeleaf Dr Detached $399,000 $378,000 1,900 60
629 5th St Detached $529,000 $425,000 1122 266
1981 Summit Dr Detached $647,500 $490,000 2579 630
18640 Tualata Ave Detached $463,500 $525,000 2076 4
238 5th St Detached $725,000 $635,000 2134 69
17656 Woodhurst Pl Detached $825,000 $760,000 4597 51
13554 Peters Rd Detached $899,850 $885,000 3036 36
3131 Westview Ct Detached $1,150,000 $1,120,000 4688 4

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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Searching

Hello Property Blotter Readers!

Ok, I have a short post for you today as I’m running around helping clients along with Dianne and Whitney. Hopefully this will be helpful to some, though.

I constantly encounter clients who are searching in all kinds of places for properties online. I’m often amazed at getting lists of addresses people are interested in, only to find out that they’re all either Pending or Sold. ***The reason for this is that these sites (I won’t name them, but they are very popular and do a lot of advertising on television etc : ) basically suck their data out of the main database that Realtors use as their source of information; The MLS. Once they have that data, what their database does with it is anyone’s guess.

The minute a property goes on the market, its entered into and becomes viewable on the MLS. When it is Pending that’s entered and immediately viewable on the MLS.  When properties enter the market or change status to Pending, Sold, etc., these other sites have a lag time for updating their information, and they’re all different. Some hang onto properties a LONG time after they become unavailable.  So…. I highly recommend searching the MLS directly.  In addition to that, there are Good resources that offer various types of searching and stay pretty up to date.  Here are a few I recommend:

RMLS:     CLICK HERE

My Own Website’s Detailed Searching Database: CLICK HERE  ***My website allows you to set up automatic emails direct to you whenever a property meeting your needs comes on the market.

Our Oregon First Search Tool (click the Search Property Search Tab):  CLICK HERE

There are other sites I could discuss with you if you are interested.

Hope this is helpful.  Wherever you find your properties-of-interest, feel free to call or email me (or Dianne or Whitney) with your questions, and we’ll pick up the ball and be your champions!  We also specialize in assisting our clients by finding properties FOR them using our skill and experience to wade through the hundreds of options, finding the ones that best meet your needs.

Enjoy this amazing weekend in Oregon!

Very Best,

Linda

 

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Market Activity ~ Apr 20-Apr 26, 2015

Oh gosh this is coming out so late, I greatly apologize for missing this week. But to make it up to you all I will post it now so that we can get a move on!

During the week of April 20 through the 26th we saw 14 new listings, 23 listings went pending, and 16 sold! What an exciting week! I am so sorry I missed it!

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

NEW on Mkt (Apr 20- Apr 26, 2015)

Address Type Price Bedrooms Bathrooms Sqft
750 1ST ST #32 CONDO 165,500 1 1 986
200 BURNHAM RD #300 CONDO 189,900 1 1 973
5860 LAKEVIEW BLVD DETACHED 289,900 2 1.5 1435
7 HIDALGO ST DETACHED 449,900 3 2.5 2408
5221 ROSEWOOD ST DETACHED 469,000 3 2.5 2226
6155 FROST LN DETACHED 488,900 4 2.5 2364
27 DA VINCI ST DETACHED 497,500 4 3 2820
2550 GREENTREE RD DETACHED 499,000 4 3 2852
147 DEL PRADO ST DETACHED 549,000 3 3 2790
8 HIDALGO ST DETACHED 599,900 4 3.5 3123
14036 MAJESTIC CT DETACHED 779,000 6 3.5 4995
18522 ANDUIN TER DETACHED 998,750 5 4.5 5196
16645 GRAEF CIR DETACHED 1,549,000 4 4.5 3075
642 IRON MOUNTAIN BLVD DETACHED 1,695,000 3 2.5 4575

PENDING SALES (Apr 20- Apr 26, 2015)

Address Type Price Bedroom Bathrooms DOM
15 OSWEGO SMT #15 CONDO 106,000 2 2 373
44 CERVANTES CIR #44 CONDO 132,500 2 1.5 21
44 EAGLE CREST DR #39 CONDO 139,900 2 2 11
16250 PACIFIC HWY #67 CONDO 144,900 1 1 45
566 S STATE ST CONDO 159,000 1 1 4
4 TOUCHSTONE #78 CONDO 164,900 3 2.5 151
115 TOUCHSTONE TER ATTACHED 329,900 4 2.5 24
13985 SUNDELEAF DR DETACHED 359,990 3 2 8
5364 ROSEWOOD ST DETACHED 436,000 4 2.5 28
6310 ALYSSA TER DETACHED 439,950 4 2.5 80
13431 VERMEER DER DETACHED 499,000 3 2.5 9
5020 HAMPTON CT DETACHED 588,000 3 2.5 182
3009 WEMBLEY PARK RD DETACHED 598,900 4 2.5 122
4263 SUNSET DR DETACHED 625,000 3 2.5 3
5157 WOODHURST PL DETACHED 649,900 4 2.5 33
17583 SHEPHERDS CT DETACHED 774,900 4 3 47
17656 WOODHURST PL DETACHED 799,000 4 2.5 51
3180 WESTVIEW CT DETACHED 875,000 5 3.5 14
1821 OAK ST DETACHED 899,000 4 3.5 12
717 5TH ST DETACHED 995,000 4 2.5 0
701 4TH ST DETACHED 1,030,000 3 2.5 3
17335 KELOK RD DETACHED 1,039,000 4 3.5 48
14536 PFEIFER DR DETACHED 1,200,000 3 3.5 131

SOLD  (Apr 20- Apr 26, 2015)

Address Type List Price Close Price Sqft DOM
3433 MCNARY PKWY #208 CONDO 150,000 138,000 1008 8
4000 CARMAN DR A17 CONDO 169,900 171,200 1100 19
115472 BRIANNE CT ATTACHED 269,000 268,000 1208 2
18660 DON LEE WAY DETACHED 284,900 270,000 946 206
4670 LOWER DR DETACHED 414,900 374,900 1587 154
4909 LOWER DR DETACHED 425,000 413,500 1992 72
578 2ND ST #6 CONDO 425,000 415,000 1394 62
1990 GREENTREE RD DETACHED 479,900 457,200 2100 11
17680 BLUE HERON WAY DETACHED 649,900 525,000 2363 174
11 JUAREZ ST DETACHED 550,000 525,000 2600 5
13906 MAJESTIC CT DETACHED 530,000 540,000 2827 6
13819 PROVINCIAL HILL DR DETACHED 599,900 550,000 2096 24
4070 VIRGINIA WAY DETACHED 747,500 730,000 3510 44
18253 SIENA DR DETACHED 1,198,000 1,160,000 4310 25
18218 MEADOWLARK LN DETACHED 1,695,000 1,450,000 8320 787
1867 HIGHLAND LOOP DETACHED 1,998,000 1,900,000 5185 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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Market Activity ~ Apr 27-May 3, 2015

All the numbers (and our collective subjective experience as Realtors) stack up to a continuing robust market:

Last week in Lake Oswego we saw 29 New properties enter the market, 19 move to Pending status, and 27 “Closed”/Sold.

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

NEW on Mkt (Apr 27-May 3, 2015)

Address List Price # Beds # Baths Total SF Prop Type
104 OSWEGO SMT #104 $99,000 1 1 764 CONDO
47 EAGLE CREST DR #14 $100,000 1 1 666 CONDO
45 EAGLE CREST DR #214 $179,000 1 2 1046 CONDO
4459 THUNDER VISTA LN #Grnd $255,000 2 2.1 1925 CONDO
16953 GREENTREE AVE $420,000 4 3 1941 DETACHD
4596 LAMONT WAY $424,900 4 2 2236 DETACHD
304 6TH ST $450,000 1 1 941 DETACHD
16915 CRESTVIEW DR $469,000 4 2.1 2180 DETACHD
28 AQUINAS ST $499,000 3 2 2000 DETACHD
2464 MARYLHAVEN PL $610,000 4 2.1 2898 DETACHD
19664 RIVER RUN DR $614,900 4 2.1 3051 DETACHD
17244 FERNWOOD DR $649,900 4 2.1 2617 DETACHD
3100 WEMBLEY PARK RD $700,000 3 3 3060 DETACHD
14001 WESTCOTT CT $724,900 4 2.1 3223 DETACHD
139 DEL PRADO ST $725,000 3 2 2895 DETACHD
13456 PROVINCIAL HILL WAY $729,000 3 2.1 2771 DETACHD
17065 TUALATIN ST $739,000 3 2.1 2733 DETACHD
6484 MCDUFF CT $749,000 4 4 3120 DETACHD
5955 SUNBROOK DR $759,000 4 3 3110 DETACHD
5650 BAY CREEK DR $859,900 4 2.1 3668 DETACHD
18360 DELENKA LN $859,900 5 3.1 4828 DETACHD
1055 COUNTRY CLUB RD $879,000 3 2 2908 DETACHD
18262 BRYANT RD $949,900 4 3.1 3428 DETACHD
19229 35TH PL $959,900 5 3.1 4764 DETACHD
910 FAIRWAY RD $1,069,000 4 3.1 3384 DETACHD
17518 RIDGEVIEW LN $1,282,000 4 3.1 4051 DETACHD
983 LAKE FRONT RD $1,595,000 3 2.1 2199 DETACHD
2950 WEMBLEY PARK RD $1,950,000 4 5.1 6329 DETACHD
1125 MAPLE ST $2,395,000 4 3.1 5481 DETACHD

PENDING SALES (Apr 27-May 3, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
54 GALEN ST #Upper $123,900 2 2 995 CONDO 42
45 EAGLE CREST DR #219 $189,900 3 2 1537 CONDO 14
668 MCVEY AVE #33 $284,900 2 1 852 CONDO 58
6288 SEVILLE AVE $295,000 3 2 1470 DETACHD 3
15434 STEPHANIE CT #Grnd $315,000 3 2.1 1566 ATTACHD 2
2031 BONNIEBRAE DR $319,900 4 2 1611 ATTACHD 6
7 CONDOLEA DR #Grnd $380,000 3 3 2388 CONDO 23
1428 GREENTREE CIR $399,950 4 2.1 2236 DETACHD 62
3919 SOUTHSHORE BLVD $424,900 3 4 2398 DETACHD 3
2705 ORCHARD HILL LN $489,000 4 2.1 2841 DETACHD 7
1297 HIDE A WAY LN $525,000 3 2.1 1832 DETACHD 6
4979 GALEN ST $555,000 4 2.1 3298 DETACHD 12
16920 GREENTREE AVE $625,000 4 2.1 2830 DETACHD 2
221 6TH ST $625,000 3 2 1508 DETACHD 14
6 CELLINI CT $705,000 5 3 3494 DETACHD 19
1854 OAK KNOLL CT $1,025,000 3 3 3530 DETACHD 237
1850 ATHERTON DR $1,179,000 3 2.1 4825 DETACHD 581
17620 BLUE HERON RD $1,198,000 4 3.1 4041 DETACHD 67
1017 LAKE FRONT RD $2,595,000 5 4.2 4070 DETACHD 206

SOLD  (Apr 27-May 3, 2015)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #52 $89,000 $84,000 1 1 666 CONDO 17
48 EAGLE CREST DR #1C $169,950 $97,500 2 2 1370 CONDO 231
320 CERVANTES CIR $129,900 $120,000 2 1 832 CONDO 44
4 TOUCHSTONE #158 $140,000 $142,000 2 2 984 CONDO 5
4 TOUCHSTONE #89 $160,000 $155,000 3 2.1 1351 CONDO 72
16250 PACIFIC HWY #45 $194,900 $175,000 2 2 1311 CONDO 71
200 BURNHAM RD #402 $199,500 $190,000 2 2 1305 CONDO 261
3144 DIANE DR $224,900 $280,000 3 1.1 1632 DETACHD 31
16472 BONAIRE AVE $289,900 $350,000 3 2 1464 DETACHD 3
5530 BONITA RD $398,000 $389,900 3 2 1200 DETACHD 34
17280 WESTVIEW DR $429,000 $416,000 4 3 2324 DETACHD 6
4711 REMBRANDT LN $450,000 $452,000 3 2.1 2050 DETACHD 3
32 SPINOSA $479,000 $455,900 4 3.1 2542 DETACHD 1964
6459 FROST ST $499,900 $488,500 4 2.1 2627 DETACHD 101
17380 CANYON DR $514,950 $493,000 4 2.1 2526 DETACHD 145
18582 BRYANT RD $499,995 $504,500 3 2.1 2400 DETACHD 7
1585 PATTON RD $539,900 $515,000 4 3 3162 DETACHD 314
18634 Bryant RD $551,995 $534,995 3 2.1 2736 DETACHD
1008 SPRUCE ST $535,000 $535,000 3 2.1 1765 DETACHD 6
1380 BONNIEBRAE DR $730,000 $675,000 5 3 2940 DETACHD 109
2286 WEMBLEY PARK RD $699,000 $699,000 3 3 2000 DETACHD 43
15203 LILY BAY CT $779,000 $765,000 4 2.1 3219 DETACHD 34
5032 DENTON DR $799,900 $800,000 3 2.1 3205 DETACHD 0
17900 GREENBLUFF DR $949,000 $900,000 4 3.1 4210 DETACHD 300
18042 SKYLAND CIR $1,150,000 $1,080,000 5 3 4800 DETACHD 212
16655 MAPLE CIR $1,269,000 $1,189,000 3 2 2030 DETACHD 12
1059 BAYBERRY RD $1,399,950 $1,375,000 4 3.1 3550 DETACHD 89

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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Economic Recovery

The great recession of 2007-2013 is now well in the past with just a few lingering elements. I thought it would be helpful to share some insight on how this may affect your decision to buy or to sell a home.

Is it time to become a homeowner, again?

I am now seeing folks who lost their home to foreclosure, shortsale, or perhaps went through a bankruptcy getting back into home ownership. This chart was given to me by Ginny Schider, a wonderful loan officer at Pacific Residential Mortgage (503-319-3646). It shows the wait time necessary before you can be eligible for a new mortgage if you have experienced one of these events:

Loan Program Chapter 7 Bankruptcy Chapter 13 Bankruptcy Shortsales Foreclosure
or Deed-in-liew
Fannie Mae
Insured Loans 4 years from discharge 2 years from discharge 4 years 7 years
4 years from dismissal
Feddie Mac 5 years 5 years 4 years 7 years
Insured Loans
FHA 2 years from discharge 12 months acceptable 3 years 3 years
payment history
USDA 3 years 3 years 3 years 3 years
VA 2 years from discharge 2 years from discharge 2 years 2 years

I have worked with folks in this situation and I’ve got to say it one of the most rewarding experiences I’ve ever had as a Realtor. Seeing folks who have been through hard times getting back on their feet and moving forward with the ability to rebuild their lives.

Still a few lingering foreclosures and shortsales
It’s referred to as the shadow inventory. These are distressed properties that banks have been holding onto. They simply did not want to release too many foreclosures all at the same time. Foreclosures and shortsales tend to sell for less. So if too many happen all at once, they tend to cause declining home values. Banks addressed this by not putting them on the market. Some are vacant homes that are just sitting in neighborhoods because the house has already been foreclosed upon. Others are home owners who know their house is in foreclosure, but the bank has not finalized it. I am aware of people who have been living in homes, not making mortgage payments, but not being kicked out, for years. I believe banks choose to allow this to happen because if the person in default is still in the house, then the house is being heated and watched over. It is simply safer for the property.

I don’t know how long it will take for these hold out foreclosures to be sold, but they are continuing to trickle onto the market.

Shortsales have become much less common. This is because as values have come back, many home owners are now no longer under water with a mortgage that is greater than their home value. This is not to say that they are not still happening. It is simply less frequent.

So, while the recession is technically over, effects from it are still happening. And if you are someone who went through a bankruptcy, foreclosure, or shortsale, the good news is you may be approaching the time when you can become a home owner again. Don’t hesitate to give Whitney, Linda, or myself a call if you need a good Realtor!

Dianne

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Market Activity April 13-19, 2015

We are continuing to see more houses selling than houses coming on the market. This means inventory is tight and it is more of a seller’s market. The majority of houses are selling quite quickly, but there are still a few that have had extended market time. This reflects how important it is to get the pricing right when you list your house for sale. Priced right it will sell fast!

Last week in Lake Oswego we had 19 houses come onto the market, 26 move to pending status, and 24 closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (Apr 13-19, 2015)

Address Type Price BR Bths SF
48 Eagle Crest Dr 3D Condo $248,000 2 2 1434
13985 Sundeleaf Dr Detached $359,990 3 2 1278
18651 Don Lee Way Detached $399,000 4 2 1630
17270 Bryant Rd Detached $399,000 3 3 2619
13431 Vermeer Dr Detached $499,000 3 2.5 2700
13951 Shireva Ct Detached $499,900 4 3 2185
5695 Washington Ct Detached $515,000 4 2 1769
5600 Dogwood Dr Detached $525,000 3 2 1908
5554 Royal Oaks Dr Detached $539,000 3 2 1861
4979 Galen St Detached $579,900 4 2.5 3298
221 6th St Detached $625,000 3 2 1508
2699 Tolkien Ln Detached $670,000 4 2.5 3115
13010 Sierra Vista Dr Detached $774,900 5 3.5 3450
4055 Orchard Dr Detached $795,000 5 3.5 3354
16987 Alder Circle Detached $839,000 3 2.5 1987
1821 Oak St Detached $899,000 4 3.5 5510
17353 Ridgeview Ct Detached $1,285,000 4 3.5 4032
14 Dover Way Detached $1,485,000 5 3.5 4593
2322 Knaus Rd Detached $1,595,000 4 3.5+.5 4875

Pending Sales (Apr 13-19, 2015)

Address Type Price BR Baths SF DOM
48 Eagle Crest Dr 1C Condo $99,900 2 2 1370 231
16250 Pacific Hwy #82 Condo $150,000 1 1 841 17
4 Touchstone #89 Condo $155,000 3 2.5 1351 72
1400 Bonniebrae Dr Attached $185,000 2 1 864 4
45 Eagle Crest Dr #219 Condo $189,000 3 2 1537 5
4107 Jefferson Pkwy Condo $237,500 2 2.5 1367 7
4283 Woodside Circle Attached $359,900 4 2 2032 10
1878 Mapleleaf Rd Detached $399,900 3 1.5 1347 5
5866 Ridgetop Ct Detached $407,500 3 2 1866 2
5210 Coventry Ct Detached $510,000 3 2.5 2135 2
1901 Woodland Terr Detached $519,000 4 3 2944 1
1119 Oak St Detached $529,900 4 2.5 2123 99
5326 Childs Rd Detached $549,901 3 2.5 1801 57
17650 Westview Dr Detached $565,000 4 3 2849 101
238 5th St Detached $657,000 3 2 2134 69
15 Nansen Summit Detached $685,000 3 2.5 3098 17
4125 Hedge Nettle Ct Detached $715,000 4 2.5 2890 6
4123 Chad Dr Detached $795,000 4 3.5 3833 186
18977 Barton Rd Detached $875,000 4 3.5+.5 5076 30
49 Briarwood Rd Detached $950,000 3 2 2162 138
13017 Knaus Rd Detached $1,249,000 4 3.5 46990 329
1059 Bayberry Rd Detached $1,399,950 4 3.5 3550 89
2410 Summit Ct Detached $1,595,000 3 3.5 3750 0
2493 Southshore Blvd Detached $2,895,000 5 5.5 7112 458
1780 Ridgecrest Dr Detached $3,750,000 4 5.5 6000 35

Sold/Closed (Apr 13-19, 2015)

Address Type List Price Closed Price Sq Ft CDOM
44 Eagle Crest Dr #1 Condo $134,900 $134,900 908 3
48 Eagle Crest Dr Condo $184,900 $152,500 1623 65
5225 Jean Rd Condo $170,000 $165,000 1100 10
900 Cornell St Detached $314,000 $295,000 1,300 24
668 McVey Ave #72 Condo $325,000 $325,000 1184 2
44 Oriole Ln Detached $389,000 $393,000 2156 6
134 Kingsgate Rd Detached $399,000 $397,100 1794 5
732 Clara Ct Detached $499,900 $402,500 2935 713
14201 Dolph Ct Detached $449,000 $432,500 1864 53
13855 Verte Ct Detached $449,000 $450,000 1835 12
1725 Fernwood Dr Detached $479,000 $460,000 1580 13
18768 Wood Duck St Detached $599,900 $477,500 2940 346
13721 Regency Ct Detached $509,500 $492,500 2311 102
18706 Bryant Rd Detached $519,995 $499,995 2400 23
6 Northview Ct Attached $532,500 $522,000 3200 14
1015 Southshore Blvd Detached $629,000 $603,500 3882 43
5665 Grand Oaks Dr Detached $780,000 $720,000 4226 1
1785 Palisades Terrace Dr Detached $799,000 $735,275 5052 227
2109 Wembley Park Rd Detached $795,000 $795,000 3154 73
2726 Rivendell Rd Detached $849,000 $849,000 3315 2
816 4th St Detached $949,900 $949,900 2699 9
703 5th St Detached $979,000 $979,000 2,719 4
17335 Canal Circle Detached $1,050,000 $1,050,000 2092 0
17138 Cedar Rd Detached $1,569,000 $1,410,000 3017 89

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

 

l-lake-oswego-mansion

 

 

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

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

  • There were 3,596 New Listings in March which was up a full 24.7% from last month/February! and up 16.4% from March of 2014.
  • At 2,457 March Closed Sales increased a whopping 49.1% over February! and were up  32.3% from March of 2014.
  • March Pending Sales (accepted offers), at 3,384, was the strongest since 2006. Up… 33.5%  from February AND March of 2014.
  •  The Average Sale Price in March of $337,200 was up $9,200. from February’s Average of $328,000, and almost exactly the same from March of 2014’s $328,100. 

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

    • 373 Active Listings  (360 in Feb)
    • 209 New Listings    (198 in Feb)
    • 174 Pending Sales    (149 in Feb)
    • 130 Closed Sales   (86 in Feb)
    • Average Sale Price for March of $475,900.  ($518,300 in Feb)
      • 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: 104 Days  (100 in Feb)
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Market Activity ~ April 6-12, 2015

Its springtime in Lake Oswego and activity is brisk. Here is your Latest Market Activity Report:

Last week in Lake Oswego we saw 18 New properties enter the market, 25 move to Pending status, and 17 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Apr 6-12, 2015)

Address List Price # Beds # Baths Total SF Prop Type
44 EAGLE CREST DR ##39 $139,900 2 2 1085 CONDO
100 KERR PKWY #1 $159,500 2 2 1188 CONDO
170 OSWEGO SMT $177,100 2 2 1506 CONDO
4107 JEFFERSON PKWY $237,500 2 2.1 1367 CONDO
668 MCVEY AVE #24 $239,000 1 1 626 CONDO
1023 HALLINAN ST $349,000 3 1.1 1097 DETACHD
4283 WOODSIDE CIR $359,900 4 2 2032 ATTACHD
1878 MAPLELEAF RD $399,900 3 1.1 1347 DETACHD
5434 WILLOW CT $489,000 3 2.1 2446 ATTACHD
16889 WIGHT LN $489,000 4 2.1 2386 DETACHD
6 CELLINI CT $705,000 5 3 3494 DETACHD
4125 HEDGE NETTLE CT $715,000 4 2.1 2890 DETACHD
3180 WESTVIEW CT $875,000 5 3.1 4216 DETACHD
18320 RIVER EDGE LN $995,000 4 4 4342 DETACHD
3072 LAKEVIEW BLVD $1,150,000 5 5.1 4030 DETACHD
17327 KELOK RD $1,250,000 3 3 2300 DETACHD
3301 UPPER DR $1,400,000 4 3.1 4555 DETACHD
16511 MAPLE CIR $1,695,000 4 2.1 3342 DETACHD

PENDING SALES (Apr 6-12, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #52 $89,000 1 1 666 CONDO 17
15 OSWEGO SMT #15 $106,000 2 2 1212 CONDO 357
62 GREENRIDGE CT / Grnd $260,000 3 2 1596 CONDO 147
200 BURNHAM RD #209 $299,900 2 2 1305 CONDO 5
16875 TRACY AVE $320,000 4 2 1825 DETACHD 2
16470 BRYANT RD $324,900 3 2 2024 DETACHD 140
115 TOUCHSTONE TER $329,900 4 2.2 2848 ATTACHD 8
44 AQUINAS ST $379,900 4 2 1870 DETACHD 24
5324 LOWER DR $395,000 3 2.1 2034 DETACHD 3
4972 GALEN ST $415,000 2 3 1942 ATTACHD 175
5189 TUALATA LN $440,000 3 2 2422 DETACHD 150
18481 WAXWING CIR $459,000 3 2.1 1840 DETACHD 22
18640 TUALATA AVE $463,500 4 2 2076 DETACHD 4
17380 CANYON DR $514,950 4 2.1 2526 DETACHD 145
18530 BRYANT RD $514,995 3 2.1 2400 DETACHD 14
18728 Bryant RD $524,995 3 2.1 2736 DETACHD
2550 SOUTHSHORE BLVD $575,000 4 3.1 3721 DETACHD 159
12615 SW 21ST CT $739,000 4 3.1 4594 DETACHD 36
17572 SHEPHERDS CT $779,900 4 3 2983 DETACHD 36
2671 GLEN EAGLES RD $825,000 3 3 4019 DETACHD 5
496 8TH ST $879,000 4 2 2899 DETACHD 35
1901 SUMMIT DR $899,000 4 3.1 3444 DETACHD 7
13371 ATWATER LN $899,000 4 3 4795 DETACHD 0
17970 ROYCE WAY $1,125,000 5 4.1 5355 DETACHD 34
720 KENOLA CT $1,200,000 3 3.1 3727 DETACHD 53

SOLD  (Apr 6-12, 2015)

Address OpeningPrice Closed Price # Beds # Baths Total SF Prop Type CDOM
56 GALEN ST / Upper $142,500 $142,500 2 2 1000 CONDO 10
3433 MCNARY PKWY #506 $175,000 $185,000 2 2.1 1136 CONDO 3
3970 SW CARMAN DR / Grnd $219,900 $215,000 2 2.1 1129 CONDO 8
132 TOUCHSTONE TER $280,000 $280,000 3 2.1 1964 ATTACHD 0
65 KINGSGATE RD $299,900 $290,025 3 2 1237 ATTACHD 4
38 WHEATHERSTONE $299,900 $299,900 3 2.1 1692 ATTACHD 8
19060 INDIAN SPRINGS CIR $435,000 $408,000 3 2 1355 DETACHD 26
1107 CHERRY LN $424,900 $425,000 3 2 2094 DETACHD 10
18863 INDIAN SPRINGS RD $439,900 $439,900 4 3 2001 DETACHD 3
4733 FIRWOOD RD $474,900 $472,000 4 3 2310 DETACHD 189
34 DEL PRADO ST $569,950 $522,000 4 3 3120 DETACHD 101
18790 Bryant RD $544,995 $524,995 3 2.1 2400 DETACHD
409 MIDDLECREST RD $599,000 $595,000 3 3 2135 DETACHD 15
1890 CREST DR $769,000 $692,500 3 2.1 2782 DETACHD 144
14128 EDENBERRY DR $749,900 $752,000 4 2.1 3168 DETACHD 10
14488 PFEIFER DR $825,000 $869,700 4 3.1 3563 DETACHD 2
18360 RIVER EDGE LN $957,000 $925,000 4 2.1 3738 DETACHD 22

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 for March 30 – April 05, 2015

Hello everyone!
Things are moving quickly this spring. The beautiful weather is finally here (as well as the occasional spring monsoons), which has brought lots of activity in the market. This last week we saw fourteen new homes come up for sale, thirty two have started pending, and twenty three homes sold! This tells us that the houses that are now entering the market are less than HALF those that have gotten offers, the inventory can just barely keep up with the demand!

Following is the breakdown for you according to RMLS:

New on the Market (March 30- April 05, 2015, 2015)

Address Type Price Bedrooms Bathrooms Sqft
44 CERVANTES CIR #44 CONDO 132,500 2 1.5 912
16250 PACIFIC HWY #82 CONDO 150,000 1 1 841
3892 BOTTICELLI ST CONDO 235,000 3 2 1288
1268 SPRUCE ST DETACHED 399,000 3 2 2009
6461 SW EDGEWOOD ST DETACHED 399,900 4 2.5 1950
17833 HILLSIDE WAY DETACHED 589,000 4 3 2668
4848 LOWER DR DETACHED 599,900 4 3 2548
15 NANSEN SMT DETACHED 685,000 3 2.5 3098
1511 WOODLAND TER DETACHED 725,000 5 2.5 3439
13060 SW ELK ROCK RD DETACHED 825,000 5 3 3681
1901 SUMMIT DR DETACHED 899,000 4 3.5 3444
1411 LAKE FRONT RD DETACHED 1,395,000 3 4 3349
3140 DOUGLAS CIR DETACHED 1,395,000 4 3.5 4333
1345 CHANDLER RD DETACHED 2,695,000 5 4.5 6800

Pending Sales (March 30-April 05, 2015)

Address Type Price Bedroom Bathrooms Sqft DOM
100 KERR PKWY #52 CONDO 105,000 1 1 617 5
4000 CARMAN DR A17 CONDO 169,900 2 2 1100 19
5225 JEAN RD CONDO 170,000 2 2 1100 10
16250 PACIFIC HWY #45 CONDO 179,990 2 2 1311 71
3970 SW CARMAN DR CONDO 219,900 2 2.5 1129 8
48 EAGLE CREST DR 1A CONDO 250,000 3 2.5 1550 76
5062 FOOTHILLS DR H CONDO 250,000 3 2 1252 5
16742 BONAIRE AVE DETACHED 289,900 3 2 1464 3
3 CONDOLEA DR CONDO 299,000 3 3 2198 146
668 MCVEY AVE #72 CONDO 325,000 3 1.5 1184 2
9 CONDOLEA DR CONDO 380,000 3 3 2198 39
321 CERVANTES CONDO 385,000 3 2.5 2474 205
1689 MEADOWS DR DETACHED 394,500 2 2 2370 23
19060 INDIAN SPRINGS CIR DETACHED 435,000 4 3 2182 26
3 EL GRECO ST DETACHED 439,500 2 2 2370 2
4711 REMBRANDT LN DETACHED 450,000 3 2.5 2050 3
32 SPINOSA DETACHED 455,900 4 3.5 2542 1964
148 5TH ST DETACHED 495,000 2 1 1314 0
1981 SUMMIT DR DETACHED 499,000 3 2.5 2579 630
6459 FROST ST DETACHED 499,900 4 2.5 2627 101
4925 MULHOLLAND DR ATTACHED 520,000 2 2.5 2424 2
13166 PETERS RD DETACHED 525,000 4 2.5 2575 0
13906 MAJESTIC CT DETACHED 530,000 4 3.5 2827 6
18634 BRYANT RD DETACHED 534,995 3 2.5 2736 41
63 TOUCHSTONE DETACHED 539,900 4 3 2472 4
80 TANGLEWOOD DR DETACHED 629,900 5 3 2713 3
2051 CREST DR DETACHED 669,500 4 2 2886 42
321 5TH ST DETACHED 749,000 3 3.5 2737 80
77 GARIBALDI ST DETACHED 829,000 4 2.5 3023 49
1222 TIMBERLINE DR DETACHED 899,900 4 3 3246 19
18218 MEADOWLARK LN DETACHED 1,695,000 5 6.1 8320 787

Sold/Closed (March 30-April 05, 2015)

Address Type List Price Close Price Sqft DOM
5063 FOOTHILLS DR A CONDO 200,000 20,500 991 3
169 OSWEGO SMT #169 CONDO 109,000 75,000 1330 126
6 CERVANTES CIR CONDO 139,500 132,402 912 142
200 BURNHAM RD #306 CONDO 183,500 183,500 1199 29
152 RIDGEWAY RD CONDO 234,900 237,000 1794 3
6138 KENNY ST DETACHED 314,000 314,000 1190 31
1743 ASPEN CT DETACHED 336,900 315,000 1341 115
15364 TWIN FIR RD DETACHED 375,000 338,000 1608 271
103 GARIBALDI ST DETACHED 479,000 340,000 3322 1215
43 CONDOLEA CT CONDO 365,000 345,000 2157 31
4820 LAMONT WAY DETACHED 420,000 380,000 1768 193
834 6TH ST DETACHED 525,000 400,000 1062 94
16201 LAKE FOREST BLVD DETACHED 464,900 415,000 1846 108
324 4TH ST ATTACHED 435,000 450,000 1731 30
1652 DEVON LN DETACHED 459,000 470,000 3181 165
17749 LEAFY LN DETACHED 579,000 585,000 3300 25
4848 HASTINGS DR DETACHED 575,000 590,000 2174 3
5043 ROSEWOOD ST DETACHED 639,900 605,000 2963 233
4182 GLACIER LILY ST DETACHED 630,000 630,000 2799 4
197 FURNACE ST 3S CONDO 689,900 670,000 2091 114
797 F AVE DETACHED 700,000 705,000 2323 2
13612 GOODALL RD DETACHED 1,469,000 1,469,000 4362 332
18414 OLD RIVER LNDG DETACHED 1,795,000 1,650,000 6498 553

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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Tree City USA

“The wonder is that we can see these trees and not wonder more”
-Ralph Waldo Emerson

This year Lake Oswego is celebrating 26 years as a designated Tree City USA! This is given to cities that demonstrate a strong commitment to managing and caring for trees by the National Arbor Day Foundation. With Arbor week being April 5-11, it seem appropriate to do some bragging about the beautiful trees in Lake Oswego.

trees 002The Natural Resources Advisory Board for the city designates significant trees in the city as “Heritage Trees”. Four new trees are being given this designation this year: two sycamores at 16584 Roosevelt Avenue, a giant sequoia at 14145 Redwood Ct, and a madrone at Oswego Pioneer Cemetary on Stafford Road. That brings the total number of trees with this designation to 35.

In honor of Arbor Week, the city has got some pretty fun events planned:

Free the Trees is a concept that began in Springbrook Park. The idea is that while it is hard to clear all of the English Ivy out of the Park all at once, if it’s done gradually it gets done over time. English Ivy, left to grow unchecked, kills trees. People who take walks through the park were asked trim and remove the ivy around one tree while on their walk. It worked! If you would like to join in the effort, you can get more information by contacting Babs Hamachek at bhamachek@ci.oswego.or.us.

trees 003Stafford Grove Tree Planting & Poetry Reading. Thursday, April 9, 1:30-2:30, 1061 Sunningdale Rd. Join the Forest Hills/First Edition Neighborhood Association in planting a tree, and then listen to former Oregon Poet Laureate Paulann Peterson reading poetry.

Barnyard Tales & Heritage Tree Walk. Wednesday, April 8, 10-11am at Luscher Farm, 125 Rosemont Road. Lynne Bacon, a renowned storeyteller, will be holding a story time on the farm followed by a visit to the Heritage Trees that are located on the farm. Space is limited, so you need to register, although it is a free event. Register on line at www.loparks.org, use activity code #10646.

Blossoming Tree Craft. Saturday, April 9, 2-4pm, LO Library, 706 4th St. Make beautiful blossoming tree crafts. For all ages of tree lovers.

I personally have 4 HUGE trees in my yard, 3 firs and a glorious English walnut. They really enhance the feeling of sanctuary that I feel about my home.

Trees
-Joyce Kilmer
“I think that I shall never see
A poem lovely as a tree…….”

As always, thanks for reading the blotter,
Dianne