Market Activity March 17-23, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 18 New properties enter the market, 17 move to Pending status, and 16 “Closed”/Sold.

Following is the breakdown according to RMLS:

New on Market (March 17-23, 2014)

Address Type Price BR Bths SF
47 Eagle Crest Dr #24 Condo $109,995 1 1 672
5225 Jean Rd #404 Condo $198,988 3 2 1500
16150 Kimball St Detached $269,900 3 1 960
1501 Boca Ratan Dr Attached $284,900 3 2.5 1739
635 1st St Attached $289,900 2 2.5 1100
1796 Bonniebrae Dr Attached $319,900 3 2.5 1782
12731 19th Ave Detached $359,900 3 2 2020
7 Del Prado St Detached $445,000 4 3 2232
1575 Hallinan St Detached $450,000 4 2.5 2167
824 Evergreen Rd Detached $465,000 4 1.5 1420
48 Spinosa Detached $510,000 3 2.5 2848
18768 Wood Duck St Detached $599,900 4 3 2940
17033 Chapin Way Detached $660,000 5 2.5 3163
2858 Tolkien Ln Detached $683,000 4 3.5 3742
2105 Ridge Pointe Dr Detached $950,000 5 3.5 5576
17312 Bergis Farm Dr Detached $1,299,000 5 3.5+.5 4752
13612 Goodall Rd Detached $1,469,000 5 4.5 4362
1017 Lake Front Rd Detached $2,795,000 5 4.5+.5+.5 4071

Pending Sales (March 17-23, 2014)

Address Type Price BR Baths SF DOM
65 Oswego Summit Condo $146,000 2 2 1140 53
1694 Booniebrae Dr Condo $169,900 2 1 864 1
5063 Foothills Dr #14 Condo $184,900 2 2 1050 68
1374 Boca Ratan Dr Attached $265,000 3 2 1393 14
16915 Inverurie Rd Detached $289,950 3 2 1185 31
4271 Woodside Circle Attached $360,000 3 2 2126 223
639 2nd St Attached $365,000 2 2 1457 27
27 Oriole Ln Detached $387,000 4 2.5 1851 2
1277 Rockinghorse Ln Detached $499,900 3 2.5 2577 4
17095 Rebecca Ln Detached $515,000 4 3 2379 6
1830 Cloverleaf Rd Detached $598,000 3 2.5 1857 56
14113 Amberwood Circle Detached $639,000 4 2.5 3514 39
14069 Edenberry Dr Detached $699,900 4 2.5 3445 3
832 Hoodview Ln Detached $750,000 4 2 2462 16
2300 Childs Rd Detached $765,000 3 2 3183 6
706 McVey Ave Detached $1,495,000 4 3.5 3113 374
12 Dover Way Detached $1,588,000 5 5.5+.5 7658 5

Sold (March 17-23, 2014)

Address Type List Price Closed Price Sq Ft CDOM
4 Touchstone #83 Condo $95,000 $115,000 979 607
97 Oswego Summit Condo $135,000 $130,000 1212 2
18148 Belmore Ave Detached $285,500 $279,900 1008 5
383 Ash St Detached $349,900 $325,000 1,697 2
120 Condolea Dr Condo $337,500 $330,000 2958 2
609 Ash St Detached $344,900 $360,000 2192 3
5079 W Sunset Dr Attached $365,000 $362,600 1760 10
4401 Oakridge Rd Attached $439,000 $395,000 1692 172
146 Del Prado St Detached $399,000 $404,000 3263 45
1508 Pine St Detached $459,000 $435,000 2300 219
2400 Park Detached $477,500 $458,000 1960 3
17632 Woodhurst Pl Detached $648,950 $623,000 4423 200
15519 Village Dr Detached $699,500 $690,500 2274 28
17600 Upper Cherry Ln Detached $1,190,000 $960,000 3900 283
17322 Cedar Rd Detached $1,149,500 $1,062,500 3370 14
612 Ridgeway Rd Detached $2,239,000 $2,020,000 4106 255

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings

News & Notes

Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) numbers:

In the month of February 2014 the Portland area is still showing strength with, yet again, the highest Closed Sales since 2007.

According to the RMLS Market Action Report for the Portland Metro Area  February, 2014:

  • At 1,467, February Closed Sales ware up 5.1% from January’s 1.396, and 6.6% higher than February 2013.
  • There were 2,534 New Listings in February… 8.9% fewer than January’s 2.583, and down 4% from last February 2013.
  • The Average Sale Price in February  was $325,500, up $8,300. from January’s $317,200.
  • FebruaryPending Sales (accepted offers) were not as good; down 18.8% from January, and 13.2% from February 2013.

The combined areas of Lake Oswego and West Linn  for February reported:

    • 412 Active Listings
    • 168 New Listings
    • 101 Pending Sales
    • 79 Closed Sales
    • An average Sale Price of $546,900.
    • Average Time on the Market: 137 Days

Market Activity ~ March 10-16, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 17 New properties enter the market, 24 move to Pending status, and 11 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on MKT (Feb 10-16, 2014)

Address List Price # Beds # Baths Total SF Prop Type
47 EAGLE CREST DR #20 $97,000 2 1 1009 CONDO
4626 LOWER DR $99,000 2 2 1260 CONDO
45 EAGLE CREST DR #216 $115,000 1 1 600 CONDO
272 CERVANTES $149,900 3 2 1209 CONDO
3884 BOTTICELLI ST $175,000 2 1.1 1132 CONDO
210 S STATE ST #9 $369,000 2 1.1 1652 CONDO
1880 KILKENNY DR $415,000 4 3 2778 DETACHD
5498 YORKSHIRE PL $474,000 3 2 1911 DETACHD
17095 REBECCA LN $515,000 4 3 2379 DETACHD
5 ABELARD ST $529,000 5 3 4660 DETACHD
566 5TH ST $540,000 3 2 2377 DETACHD
7 BERNINI CT $549,000 4 2.1 3144 DETACHD
201 RIDGEWAY RD $589,000 2 1 2327 DETACHD
2300 CHILDS RD $765,000 3 2 3183 DETACHD
2390 PALISADES CREST DR $900,000 4 4 4823 DETACHD
3130 DOUGLAS CIR $1,448,000 4 3.1 3970 DETACHD
263 NORTHSHORE RD $1,695,000 4 3 3684 DETACHD

PENDING SALES (Feb 10-16, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
52 OSWEGO SMT $63,500 1 1 700 CONDO 361
100 KERR PKWY #52 $70,000 1 1 617 CONDO 14
116 OSWEGO SMT #116 $147,000 2 2 1140 CONDO 16
165 OSWEGO SMTn #165 $199,900 2 2 1383 CONDO 41
200 BURNHAM RD #406 $199,950 2 1 1199 CONDO 26
18430 PILKINGTON RD $249,000 3 1.1 1029 DETACHD 1
19071 LONGFELLOW AVE $279,900 3 1 1080 DETACHD 7
575 HEMLOCK ST $335,000 3 2 1175 DETACHD 2
62 WHEATHERSTONE CT #62 $349,000 4 3.1 2465 CONDO 4
103 GARIBALDI ST $499,000 4 3.1 4000 DETACHD 859
6151 SUMMER WOODS $499,000 4 3 2520 DETACHD 22
319 3RD ST $507,000 3 3.1 1937 ATTACHD 41
2440 OVERLOOK DR $549,900 4 3 3876 DETACHD 19
628 LAKE BAY CT $554,900 3 2 1729 DETACHD 292
18020 JENIFERS WAY $609,881 4 2.1 2966 DETACHD 619
19364 RIVER RUN DR $615,000 5 3.1 3010 DETACHD 245
14051 CHELSEA DR $615,000 4 3 2913 DETACHD 23
19067 MEGAN PL $620,000 4 3 3400 DETACHD 9
5502 KODERRA AVE $639,950 5 2.1 2633 DETACHD
140 FURNACE ST $799,000 3 3.1 3633 DETACHD 10
14435 UPLANDS DR $848,950 4 3.1 4402 DETACHD 55
1345 CHERRY LN $1,295,000 5 3.1 5259 DETACHD 235
2605 SOUTHSHORE BLVD $1,395,000 5 4.1 4550 DETACHD 26
931 Atwater RD $1,529,900 4 4.1 4764 DETACHD

SOLD (Feb 10-16, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
5687 BONITA RD $339,000 $278,495 3 2.1 2048 DETACHD 40
16056 REESE RD $319,000 $308,000 3 2 1667 DETACHD 14
67 TANGLEWOOD DR $434,900 $410,000 4 2.1 3068 DETACHD 163
16038 REESE RD $439,000 $435,000 3 3 3154 DETACHD 2
16275 WALUGA DR $350,000 $471,500 3 3 2677 DETACHD 153
4109 WOLF BERRY CT $529,900 $514,000 4 2.1 2661 DETACHD 88
15713 TARA PL $615,000 $598,000 4 2.1 3442 DETACHD 19
14232 MEADOW GRASS ST $619,000 $612,000 4 3 2965 DETACHD 12
420 RIDGEWAY RD $975,000 $835,000 2 2 2190 DETACHD 316
1600 VIEW LAKE CT $1,295,000 $860,000 2 2.1 3335 DETACHD 165
13537 FIELDING RD $995,000 $860,000 4 3.1 4188 DETACHD 219

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

The Open House

photo-1There are few subjects that Realtors are quite as opinionated about as open houses. Some think they are great while others swear them off like the plague. I think it might be helpful to give you my take on the subject.

Open Houses have value and are worth having
It is true that your home is not likely to sell as the result of an open house, but it does happen. I would estimate that I have sold at least a dozen homes over the years from an open house. I have sold homes to people who walk in cold with no Realtor, but more often I have had people who came to my open go back to their own buyer’s agent and ask them to write up the offer.

There are two types of open houses
Public open houses are advertized to the general public, usually on websites like rmls.com, our property blotter, and on-line classifieds like trulia. It is important that the public open be advertized. While I enjoy meeting the neighbors, I want people to come through who know the price and size and are there because it fits their needs. Public open houses are usually on Sundays between noon and 4 pm. They usually are hosted for 2 to 3 hours somewhere in that window of time.

Broker’s opens are held on Tuesdays here in Lake Oswego. They usually go from 11am to 1pm. Most real estate offices have a sales meeting on Tuesday mornings about 9am. The broker tour is intended to create an easy opportunity for one or a group of Realtors to easily gain access to houses to preview them for clients.

Realtor’s have fantastic Internet access to photos and maps for homes which makes the need for Broker’s Tour much less than it used to be. But I put every listing on Broker’s Tour and then I host the open so that I can talk to other Realtors and really point out the features of the house. There are enough Realtors who do physically tour to make this an important part of my marketing. I also really love the professional networking that happens.

Buyers go to Open Houses
I think most people who are considering buying a home feel compelled to hop into their cars on Sundays and go drive about looking for open houses. Even with the Internet, there is nothing like going inside of houses.

Get your house ready!
Have your house spotlessly clean, drapes and blinds wide open, and the rooms properly staged. Open houses can be a real motivator to work on and maintain your house in show-ready condition.

Feel free to give Linda or myself a call if you have any questions or if you are thinking about getting in gear to sell your home. We would love to be of help.
Dianne

Market Activity March 3-9, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 20 New properties enter the market, 21 move to Pending status, and 9 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on MKT (March 3-9, 2014)

Address Type Price BR Bths SF
11 Crestfield Ct Condo $95,000 1 1 550
1374 Boca Ratan Dr Attached $265,000 3 2 1393
575 Hemlock St Detached $335,000 3 2 1175
62 Weatherstone Ct Condo $349,000 4 3.5 2465
5766 Langford Ln Detached $379,500 2 2 1327
2660 Lookout Ct Detached $469,000 4 3 2565
13053 Sierra Ct Detached $479,900 4 2.5 2215
3601 Red Cedar Way Detached $525,000 4 2 2226
17336 Canyon Ct Detached $589,000 3 3 3081
607 Ash Detached $600,000 3 2.5 2200
19067 Megan Pl Detached $620,000 4 3 3400
17532 Oak Meadow Ln Detached $669,000 4 3 3046
12615 SW 21st Ct Detached $769,000 4 3.6 4594
18936 Bryant Rd Detached $779,000 4 4 4100
4311 Upper Dr Detached $995,000 5 3.5 4744
2120 Glenmorrie Dr Detached $1,275,000 4 3.5 4293
17264 Lake Haven Dr Detached $1,429,000 4 3.5 3911
179 Furnace St #16 Condo $1,825,000 3 3.5 4591
13599 Knaus Rd Detached $2,598,000 5 7 6874
1021 Lake Shore Rd Detached $3,295,000 4 3 3487

PENDING SALES (March 3-9, 2014)

Address Type Price BR Baths SF DOM
86 Kingsgate Rd E-104 Condo $127,000 2 2 938 23
149 Oswego Summit Condo $139,900 2 2 1212 41
3834 Botticelli St Condo $195,000 2 2 1055 0
6132 Minnehaha Ct Detached $259,900 3 1.5 1232 11
28 Greenridge Ct Attached $288,500 3 2 1900 143
4185 Childs Rd Detached $314,900 3 1.5 1175 196
720 8th ST Detached $425,000 3 2 1498 22
13057 Sierra Vista Dr Detached $469,000 4 2.5 2510 53
3200 Upper Dr Detached $469,500 4 3 2543 191
17560 Westview Dr Detached $495,000 3 2.5 2590 3
3352 Tempest Dr Detached $524,500 4 2.5 2564 3
5206 Royal Oaks Dr Detached $525,000 5 3.5 3038 7
17575 Blue Heron Ct Detached $599,900 3 3.5 2972 138
2481 Marylshire Ln Detached $659,000 5 3.5 4154 230
15519 Village Dr Detached $699,500 3 2 2274 28
18982 Bryant Rd Detached $719,900 4 3.5 3438 29
13276 Deerfield Ct Detached $725,000 4 2.5 3066 123
582 9th St Detached $889,000 3 3.5 2841 0
2167 Wembley Park Rd Detached $1,199,000 4 3.5 4015 34
14005 Goodall Rd Detached $1,249,000 4 3.5 4825 237
3690 Lakeview Blvd Detached $3,950,000 5 5.5 6366 22

SOLD (March 3-9, 2014)

Address Type List Price Closed Price Sq Ft CDOM
6 Pheasant Run Detached $339,900 $333,000 1734 14
231 Laurel St Detached $435,000 $412,500 2244 85
12870 Elk Rock Rd Detached $569,000 $430,000 2794 620
4741 Cambridge Ct Attached $467,000 $467,000 2,861 5
623 Atwater Rd Detached $549,000 $512,500 2009 5
2814 Vale Ct Detached $629,000 $600,000 3192 70
18499 Old River Rd Detached $799,000 $787,000 4020 166
4540 Lamont Way Detached $849,950 $849,950 3555 5
878 7th St Detached $897,000 $897,000 2858 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

Featured Property: 18135 Arbor Ct

Front CloseListen to the charming bells toll on the Marylhurst Campus! This one-level, custom home features a barrel ceiling dining room that is the focal point of the house. Decorated with a Mediterranean flair and graceful arches that lead to most rooms, this house is the exact opposite of “cookie cutter”. An extensive remodel in 2004, and many more upgrades added since then, make this “older” home a true showpiece.

The house had 4 big bedrooms, 2 of which are master suites with full baths. In addition there is a den with built-ins.

There is a screened-in Florida room for summer dining.

The gourmet kitchen has a commercial-grade Wolf range, granite counters, and custom cabinets with original artwork.

Barrel ceiling dining room
Barrel ceiling dining room
With 2448 square feet, the house is big enough for someone downsizing to a single level home who needs room for prized furniture, house guests, and perhaps a live-in relative or care giver. This size of single level living is hard to find in this price range.

Gourmet kitchen
Gourmet kitchen
The house sits on a gorgeous 19,000SF lot that backs to 2 creeks. It is like country living, but close-in to town. A big side yard has boat or RV parking, not to mention abundant parking for entertaining. The fenced back yard is just big enough, but not too big, and includes a separate fenced fruit garden with 8 blueberry bushes and over 100 strawberry plants.

Priced at $559,000, this is a very unique opportunity to own a very special home. If you’d like more information, please give me a call!

Dianne, 503-803-6298

P.S. Full disclosure, this house is about 50′ outside of Lake Oswego in the City of West Linn. It is just South of Marylhurst off of Hwy 43.

Market Activity 2/24/14-3/2/14

Here is your Latest Market Data: Last week in Lake Oswego we saw 17 New properties enter the market, 20 move to Pending status, and 22 “Closed”/Sold.

Of note: there is a new listing on Minnehaha Ct. Who doesn’t want to live on Minnehaha Ct? Love that street name.

Following is the breakdown according to RMLS:

NEW on MKT (Feb 24-Mar 2, 2014)

Address Type Price BR Bths SF
100 Kerr Pkwy #52 Condo $70,000 1 1 617
116 Oswego Summit #116 Condo $147,000 2 2 1140
16250 Pacific Hwy #61 Condo $229,900 2 2 1305
6132 Minnehaha Ct Detached $259,900 3 1.5 1232
100 Leonard St 2-1 Condo $349,000 2 2 1364
16775 Westview Dr Detached $375,000 3 2.5 1830
562 2nd St Condo $379,900 2 2.5 1302
17270 Bryant Rd Detached $384,900 4 3 2619
3352 Tempest Dr Detached $524,500 4 2.5 2564
5206 Royal Oaks Dr Detached $525,000 5 3.5 3038
1012 Andrews Rd Detached $574,900 3 2 2143
15254 Candlewood Ct Detached $629,900 5 3 2968
17350 Canyon Dr Detached $669,000 4 3.5 3488
140 Furnace St Detached $799,000 3 3.5 3633
639 Carrerea Ln Detached $939,000 5 3.5 4305
17442 Ridgeview Ln Detached $1,375,000 4 3.5+.5 5036
1870 Twin Points Rd Detached $2,399,000 5 4 4480

PENDING SALES (Feb 24-Mar 2, 2014)

Address Type Price BR Baths SF DOM
88 Oswego Summit Condo $90,000 1 1 764 238
48 Eagle Crest Dr 4A Condo $134,900 2 2 1489 101
97 Oswego Summit Condo $135,000 2 2 1212 2
4 Touchstone #128 Condo $154,900 3 2.5 1350 39
668 McVey Ave #45 Condo $170,000 2 1 836 229
18148 Belmore Ave Detached $285,500 3 1 1008 5
16915 Inverurie Rd Detached $289,950 3 2 1185 15
17653 Mardee Ave Detached $340,000 3 2 1742 25
383 Ash St Detached $349,900 3 2.5 1697 2
5079 W Sunset Dr Attached $365,000 2 2.5 1760 10
2697 Lookout Ct Detached $419,000 3 2 2219 5
4216 Albert Circle Detached $459,000 3 2 2130 17
1287 Rockinghorse Ln Detached $468,900 3 2 1686 224
13378 Peters Rd Detached $449,000 3 2.5+.5 2355 194
18042 Jenifers Way Detached $639,950 5 3 2946 6
17485 Brookhurst Dr Detached $765,000 4 3.5 4550 4
13537 Fielding Rd Detached $895,000 4 3.5 4188 219
18430 Tamaway Dr Detached $899,900 4 2.5+.5 3902 202
14070 Goodall Rd Detached $1,195,000 4 3.5+.5 4525 12
316 Ridgeway Rd Detached $1,225,000 4 3 3877 29

SOLD (Feb 24-Mar 2, 2014)
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Address Type List Price Closed Price Sq Ft CDOM
10 Cervantes Circle Condo $125,000 $112,000 912 18
3894 Botticelli St Condo $184,900 $174,750 1132 68
6321 Alyssa Terr Attached $275,000 $275,000 1546 5
17 Greenridge Ct Attached $275,000 $275,000 1,900 7
1733 Kilkenny Rd Detached $349,900 $305,699 1654 219
18011 Tualata Ave Detached $330,000 $330,000 1482 4
4256 Country Woods Ct Detached $338,950 $346,000 1560 1
5077 W Sunset Dr Attached $359,000 $352,000 1720 143
18341 Fernbrook Ct Detached $369,999 $369,999 1872 75
87 Ash St Detached $399,900 $379,000 2442 227
572 2nd St Attached $379,900 $379,000 2442 3
15481 Tanager Dr Detached $439,000 $395,000 2064 143
2710 Greentree Rd Detached $424,500 $400,000 3172 11
1491 Koawood Dr Detached $489,900 $485,000 2510 29
4002 Tempest Dr Detached $539,900 $530,000 4319 8
15956 Parker Rd Detached $579,900 $570,000 3200 11
5004 Woodcrest Ln Detached $589,900 $589,900 2523 73
18994 Bryant Rd Detached $699,000 $644,000 3146 454
18325 River Edge Ln Detached $919,000 $850,000 4115 84
2607 Palisades Crest Dr Detached $989,000 $912,000 5650 0
112 Northshore Circle Detached $1,550,000 $1,475,000 3632 331
110 Northshore Rd Detached $2,650,000 $2,550,000 5232 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

Market Activity ~ Feb 17-23, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 16 New properties enter the market, 11 move to Pending status, and 5 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on MKT (Feb 17-23, 2014)

Address List Price # Beds # Baths Total SF Prop Type
200 BURNHAM RD #406 $214,500 2 1 1199 CONDO
16250 PACIFIC HWY #56 $285,000 2 2 1305 CONDO
18148 BELMORE AVE $285,500 3 1 1008 DETACHD
13 SAINT HELENS CIR $364,900 3 2.1 2022 DETACHD
639 2ND ST $365,000 2 2 1457 ATTACHD
2697 LOOKOUT CT $419,000 3 2 2219 DETACHD
6151 SUMMER WOODS $499,000 4 3 2520 DETACHD
4 CAMELOT CT $534,900 5 3 3344 DETACHD
5431 BONITA RD $569,000 4 3 2784 DETACHD
5101 SW DAWN AVE $574,000 5 3 2700 DETACHD
2302 OVERLOOK DR $579,000 4 2.1 3125 DETACHD
17838 MARYLCREEK DR $800,000 4 3.1 4317 DETACHD
12820 ALTO PARK RD $939,000 4 3.1 3478 DETACHD
ASH ST $980,000 4 3.1 3000 DETACHD
14005 GOODALL RD $1,249,000 4 3.1 4825 DETACHD
1780 RIDGECREST DR $3,895,000 4 5.1 5999 DETACHD

PENDING SALES (Feb 17-23, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
14 CRESTFIELD CT $64,900 1 1 550 CONDO 145
86 KINGSGATE RD #E-104 $127,000 2 2 938 CONDO 5
12743 ALTO PARK RD $247,000 2 2 1228 DETACHD 19
17653 MARDEE AVE $340,000 3 2 1742 DETACHD 18
915 BULLOCK ST $435,000 4 3 2986 DETACHD 182
1508 PINE ST $459,000 3 2.1 2300 DETACHD 219
4344 SNOWBRUSH CT $529,000 4 3.1 3422 DETACHD 639
1941 WOODLAND TER $625,000 4 3 3684 DETACHD 266
17632 WOODHURST PL $648,950 5 4.1 4423 DETACHD 200
4540 SW LAMONT WAY $849,950 5 2.1 3555 DETACHD
12840 ALTO PARK RD $979,000 4 3.2 3973 DETACHD 0

SOLD (Feb 17-23, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #123 $139,900 $139,900 3 2.1 1351 CONDO 4
50 CERVANTES CIR #3-B $109,900 $140,000 2 1.1 912 CONDO 10
16 CERVANTES CIR #6-E $149,900 $144,000 2 1.1 912 CONDO 43
4690 LOWER DR $339,900 $329,000 3 2.1 1596 DETACHD 6
5602 SOUTHWOOD DR $498,900 $480,000 4 2.1 2636 DETACHD 103

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings

News & Notes

Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) numbers:

In the month of January 2014 the Portland area overall is doing rather well, showing the best numbers for New Listings, in particular, since 2007!

According to the RMLS Market Action Report for the Portland Metro Area  January, 2014:

  • At 1,396, January Closed Sales were down 21.7% from December, and/but 3.9% higher than January 2013.
  • There were 2,583 New Listings in January…nearly doubling over December’s 1,333, and 5.9% higher than January 2013.
  • The Average Sale Price in January was $317,200, up $8,500. from December’s $308,700.
  • January Pending Sales (accepted offers) were 36.6% higher than December, and 6.3% higher than January 2013.

The combined areas of Lake Oswego and West Linn  for January reported:

    • 382 Active Listings
    • 184 New Listings
    • 103 Pending Sales
    • 69 Closed Sales
    • An average Sale Price of $486,600.
    • Average Time on the Market: 106 Days

Market Activity Feb 10-16, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 13 New properties enter the market, 15 move to Pending status, and 11 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on MARKET (Feb 10-16, 2014)

Address Type Price BR Bths SF
100 Kerr Pkwy #11 Condo $106,000 1 1 617
86 Kingsgate Rd E-104 Condo $127,000 2 2 938
15001 Boones Way Condo $249,000 3 2 1688
46 Condolea Ct Condo $357,000 3 3 2958
5079 Sunset Dr Attached $365,000 2 2.5 1760
17200 Warren Ct Detached $434,000 4 2.5 2241
1430 Woodland Terr Detached $469,000 5 3 3162
189 Coventry Ct Detached $514,900 3 2.5 1936
1428 Pine St Detached $550,000 3 3.5 2738
17573 Blue Heron Ct Detached $579,900 4 3 2401
737 Country Club Rd Detached $985,000 4 2.5 3250
14070 Goodall Rd Detached $1,195,000 4 3.5+.5 4525
2605 Southshore Blvd Detached $1,445,000 6 4.5 4550

PENDING SALES (Feb 10-16, 2014)

Address Type Price BR Baths SF DOM
3433 McNary Pkwy #206 Condo $124,700 2 2 1008 116
16915 Inverurie Rd Detached $279,950 3 2 1185 1
120 Condolea Dr Condo $337,500 3 3 2958 2
609 Ash St Detached $344,900 4 2 2192 3
146 Del Prado St Detached $399,000 4 3 3263 45
18555 Edgewood Ct Detached $419,900 3 2.5 2380 2
720 8th St Detached $425,000 3 2 1498 2
2400 Park Detached $477,500 4 2.5 1960 3
312 2nd St Attached $480,000 3 3.5 1938 9
4109 Wolf Berry Ct Detached $519,000 4 2.5 2661 88
14232 Meadow Grass St Detached $619,000 4 3 2965 12
17224 Cedar Rd Detached $835,000 3 2 3098 115
878 7th ST Detached $897,000 4 3.5 2858 4
49 Briarwood Rd Detached $950,000 3 2 2412 87
2607 Palisades Crest Dr Detached $989,000 5 4.5 5650 0

SOLD (Feb 10-16, 2014)

Address Type List Price Closed Price Sq Ft CDOM
4000 Carman Dr #103 Condo $125,000 $125,000 818 13
200 Ridgeway Rd Condo $175,000 $168,000 988 33
12894 Boones Ferry Rd Condo $299,000 $290,000 1136 66
5057 Sunset Dr Attached $349,900 $336,000 1,720 32
1230 Hallinan Circle Detached $380,000 $399,000 1822 2
17200 Robb Pl Detached $439,000 $429,000 2218 8
12820 Alto Park Rd Detached $550,000 $430,000 1132 171
14136 Heathrow Ln Detached $699,000 $535,000 2955 624
12840 Alto Park Rd Detached $775,000 $645,000 3632 170
17323 Bergis Farm Dr Detached $1,280,000 $1,235,000 4297 194
4153 Westbay Rd Detached $1,349,000 $1,240,000 3374 193

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