Lake Oswego Archives - Page 10 of 139

April 9, 2021

Market Activity March 29-April 4, 2021

We are continuing to have a very strong seller’s market. Last week in Lake Oswego 11 properties came onto the market, 26 accepted an offer and went into pending status, and 15 properties sold/closed.

See below for RMLS data

New Listings March 29-April 4, 2021

Address	Type	Price	BR	Baths	Sq Ft
5059 Foothills Dr E	Condo	$312,000	2	2	989
5059 Foothills Dr G	Condo	$335,000	2	2	991
5749 Windfield Loop	Detached	$679,900	3	3	1873
15380 Twin Fir Rd	Detached	$692,000	4	3	2292
1033 Spruce St	Detached	$745,000	2	2.5	1638
17850 Pilkington Rd	Detached	$750,000	3	2.5	3222
5918 Seville Ave	Detached	$1,289,000	4	3	1776
3423 Lake Grove Ave	Detached	$1,695,000	4	3.5	4721
19460 Eastside Rd	Detached	$1,699,000	5	3.5+.5	4521
18262 Meadowlark Ln	Detached	$1,799,000	5	3.5	4757
18012 Eastridge Ln	Detached	$2,100,000	5	3.5	5875

Pending Sales March 29-April 4, 2021

Address	Type	Price	BR	Baths	Sq Ft	CDOM
4000 Carman Dr #36	Condo	$222,500	1	1	836	2
95 Oswego Summit	Condo	$229,000	2	1.5	1116	6
4629 Lakeview Blvd	Condo	$249,999	2	2	1178	24
86 Kingsgate Rd H101	Condo	$265,000	2	2	918	3
86 Kingsgate Rd D106	Condo	$265,000	2	2	938	3
15446 Stephanie Ct	Attached	$400,000	3	2.5	1582	5
5850 Kenny St	Detached	$515,000	2	2	1172	17
16880 Cortez Ct	Detached	$575,000	3	3	2313	6
19020 Pilkington Rd	Detached	$599,900	3	2	1253	4
19 Monticello Dr	Detached	$688,000	5	3	3478	4
7 Preakness Ct	Detached	$724,900	4	2.5	2907	5
4365 Bernard St	Detached	$750,000	3	2.5	2632	2
5139 Tualata Ln	Detached	$799,900	4	3	2132	2
12444 SW Orchard Hill Rd	Detached	$825,000	3	2	2519	12
16636 Maple Circle	Detached	$865,000	3	2	2030	3
1720 Yarmouth Circle	Detached	$899,000	3	2.5	2020	12
3170 Royce Way	Detached	$899,900	4	2	3193	4
15725 Tara Pl	Detached	$940,000	4	2.5	3372	3
13841 Verte Ct	Detached	$950,000	4	3	2350	25
16577 Glenwood Ct	Detached	$969,000	5	3	3279	1
5665 Grand Oaks Dr	Detached	$1,025,000	5	3	4226	3
2060 Ridge Pointe Dr	Detached	$1,195,000	5	2.5	4120	1
554 4th St	Attached	$1,449,000	4	4.5+.5	3376	16
18977 Pilkington Rd	Detached	$1,595,000	4	3	3669	6
667 Lake Bay Ct	Detached	$1,899,900	4	3.5	3616	75
1870 Twin Points Rd	Detached	$2,695,000	4	4.5	4649	66

Sold/Closed March 29-April 4, 2021

Address	Type	List Price	Sold Price	Sq Ft	CDOM
45 Eagle Crest Dr #212	Condo	$189,900	$177,500	780	155
5061 Foothills Dr B	Condo	$344,900	$365,000	991	5
1225 Lee St	Detached	$511,000	$525,000	1056	89
16051 Pearcy St	Detached	$529,000	$600,000	1224	4
23 Aquinas St	Detached	$550,000	$630,000	1840	3
17614 Schalit Way	Detached	$650,000	$715,000	1561	3
1662 Worthington St	Detached	$700,000	$750,000	2763	4
3460 Lake Grove Ave	Detached	$685,000	$790,000	1616	2
17121 Wall St	Detached	$724,900	$801,000	2187	2
4361 Southshore Blvd	Detached	$749,000	$85,000	2439	9
18050 Tualata Ave	Detached	$915,000	$985,675	2835	4
17601 Woodhurst Pl	Detached	$1,125,000	$1,125,000	3179	$4
2671 Glen Eagles Rd	Detached	$1,225,000	$1,225,000	4019	4
16364 Ivy Ln	Detached	$1,595,000	$1,425,950	4862	282
2230 Wembley Park Rd	Detached	$1,785,000	$1,785,000	4607	36

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.

April 3, 2021September 11, 2022

Market Activity ~ March 22-28, 2021

Last week, Lake Oswego had 8 properties enter the market, 22 move to Pending status, and 18 Close. Currently there are 74 lovely homes available on the market!

The following is the activity according to RMLS:

NEW March 22-28, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
5316 LOWER DR	$699,000	3	2.1	2016	DETACHD
282 ASH ST	$780,000	4	2.1	2791	DETACHD
4750 UPPER DR	$1,149,000	5	3.1	3091	DETACHD
885 10TH ST	$1,150,000	4	2.1	2633	DETACHD
18958 BRYANT RD	$1,199,900	4	2.1	3178	DETACHD
2065 RIDGE POINTE DR	$1,495,000	5	4	4790	DETACHD
16847 GREENBRIER RD	$2,700,000	3	2.1	2360	DETACHD
1745 SOUTHSHORE BLVD	$3,495,000	4	4.1	5545	DETACHD

PENDING March 22-28, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
47 EAGLE CREST DR, #51	$180,000	1	1	670	CONDO	13
22 OSWEGO SMT / Grnd	$189,900	1	1	764	CONDO	2
125 OSWEGO SMT / Lower	$198,000	1	1	764	CONDO	3
6310 BURMA RD	$499,000	3	1.1	1052	DETACHD	7
4185 CHILDS RD	$535,000	3	1.1	1175	DETACHD	5
4555 WILDWOOD ST	$650,000	3	2	1565	DETACHD	6
4917 MULHOLLAND DR	$678,000	2	2.1	2403	ATTACHD	10
33 TOUCHSTONE	$699,900	5	4	3854	DETACHD	5
28 MORNINGVIEW CIR	$730,000	3	3.1	2895	DETACHD	15
692 2ND ST	$759,900	3	1	2140	DETACHD	17
2941 SW ORCHARD HILL PL	$784,900	5	3.1	3446	DETACHD	4
545 RIDGEWAY RD	$818,000	3	2.1	2110	DETACHD	3
2552 PALISADES CREST DR	$975,000	4	2.1	3176	DETACHD	12
19230 BRYANT RD	$1,060,000	8	4.5	3441	DETACHD	289
144 LEONARD ST	$1,279,000	4	3.1	3552	DETACHD	6
15003 TWIN FIR RD	$1,295,000	4	3.1	2941	DETACHD	7
19305 HILL TOP RD	$1,375,000	4	3.1	5116	DETACHD	208
17990 RIDGE LAKE DR	$1,445,000	5	3.1	3897	DETACHD	21
1799 ATHERTON DR	$1,629,000	5	5.1	6280	DETACHD	10
13217 AMBER PL, #1	$1,849,000	4	3.1	3861	DETACHD	402
16777 PHANTOM BLUFF CT	$1,995,000	4	2.2	5045	DETACHD	14
1300 FOREST MEADOWS WAY	$4,098,000	5	4.2	5974	DETACHD	46

SOLD March 22-28, 2021

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
5057 FOOTHILLS DR / Upper	$335,000	$345,000	2	2	1252	CONDO	3
72 GREENRIDGE CT	$425,000	$425,000	3	3	1824	ATTACHD	3
1790 CONIFER DR	$539,000	$520,000	2	1	1003	DETACHD	13
5091 TUALATA LN	$625,000	$702,500	3	2	1500	DETACHD	6
5172 GREENSBOROUGH CT	$739,000	$724,000	4	2.1	2184	DETACHD	102
2 MOZARTEUM CT	$744,900	$780,000	4	2.1	2192	DETACHD	5
18018 GIMLEY CT	$820,000	$859,000	4	3	3637	DETACHD	2
13983 WESTCOTT CT	$898,900	$925,000	4	2.1	2792	DETACHD	4
2574 PALISADES CREST DR	$975,000	$935,000	5	2.2	4563	DETACHD	22
13204 DEERFIELD CT	$1,050,000	$1,030,000	4	2.1	3406	DETACHD	4
3815 SOUTHSHORE BLVD	$875,000	$1,067,000	4	2	2638	DETACHD	4
116 MIDDLECREST RD	$1,390,000	$1,225,000	4	3	2545	DETACHD	38
17680 Stafford RD	$1,299,000	$1,317,000	5	2.1	3804	DETACHD	185
639 CARRERA LN	$1,350,000	$1,320,000	4	3.1	4447	DETACHD	16
4288 LAKEVIEW BLVD	$1,250,000	$1,487,000	3	2	2016	DETACHD	5
892 8TH ST	$1,450,000	$1,515,000	4	3.1	2872	DETACHD	7
17313 BLUE HERON RD	$1,998,500	$1,892,500	4	3.1	3454	DETACHD	431
2950 Lakeview BLVD	$3,100,000	$2,450,000	4	3.1	4299	DETACHD	190

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.

March 19, 2021April 18, 2021

News & Notes ~ Feb 2021 Numbers

Here is your wider Portland Market Report according to RMLS data, with overall Neighborhood changes and Lake Oswego data broken out below.

Overview/Fluctuations ~ Market Data February 2021: Inventory is holding steady with one month of supply available. Competition is heavy, though we finally see more properties hitting the market now in March, which should alleviate that a little. Competition pushes prices up as you can see in the Neighborhood Report below comparing January & February prices. Rolling 12-month Appreciation rates in all areas are up.

Mortgage rates will be rising inspired by the economy’s steady recovery. Today’s rates are hovering around 3% or a little higher based on a number of factors, but most can “buy the rate down” a bit & get it lowered. My trusted Mortgage Advisors can give you more info.

According to the RMLS Market Action Report for the Portland Metro Area, Feb. 2021:

There were 2,474 New Listings in Feb 2021 decreased 10.3% from Feb of 2020’s 2,759 and also dropped 4.1% from the previous month/January’s 2,579.
At 1,978, Feb 2021’s Closed Sales are up 4.3% from Feb 2020’s 1,897, and also up 7.1% from the previous month/January’s total of 1,847
At 2,208, Feb 2021’s Pending Sales are down 15% from Feb 2020’s 2,598, and also down 11.5% from the previous month/January’s total of 2,496.
The Average Sale Price in Feb 2021 of $542,000 is up $84,100 from last year/Feb 2020’s $457,900, and up $27,300. from the previous month/January’s $514,700.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Feb 2021 of $470,100 rose $63,100 from last year/Feb 2020’s $407,000, and also increased 10,100 from the previous month/January’s $460,000.

LAKE OSWEGO

The combined areas of Lake Oswego and West Linn for the month of February 2021 reported:

82 Active Listings (Jan 84)
97 New Listings (Jan 112)
92 Pending Sales (Jan 121)
92 Closed Sales (Jan 97)
Average Sale Price for Feb: $876,900 (Jan $812,700)
- NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month. Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
77 Average Days on the Market (Jan 46)

March 14, 2021

Lake Oswego Has Two New Parks

The livability of LO is just outstanding and it just go even better. We now have two brand new parks!.

Iron Mountain Park

Located on Iron Mountain Blvd right by The Hunt, this is a 51 acre park. There is plenty of parking, a covered picnic area, a play area for kids, and rest rooms. It’s beautifully landscaped using native species and with great care to preserve a wetlands that is part of the park. I can see spending summer evening picnicing and taking my Grandchildren to play and run around.

I think the thing I am most excited about is that the park serves as a trail for the Iron Hertage trail. There has long been a terrific trail that makes use of the old rail line that the iron was transported on from the mine near the top of Iron Mountain and down to where the ore was loaded into barges, and barged across the lake to find its final destination at the iron furnace in what is now George Rogers Park.

The Iron Heritage trail is a 3.4 mile loop that connects the new park to the Iron Mountain trail, then along several quiet residential streets to Springbook Park and then back to Iron Mountain Park. For a trail map click here.

Woodmont Natural Park

Located near the intersection of Atwater and Knaus Roads, this 6.8 acre park is lovely. There is a gravel path that meanders through the park. I’m not certain how long the path is, but I think it is likely close to half a mile or so. There is extensive native landscaping and places for picnicing. This park does not have a play structure for children, but it does have restrooms.

Quality of life is just super important to me and a key component of how I have chosen the community that I live in. I know I rave about how much I like LO, but it truly does keep getting better and better. These two new parks are a great addition!

As always, thanks for reading the blotter.

Dianne

March 13, 2021

Market Activity March 1-7, 2021

Inventory remains low and buyers wanting to buy remains high. Last week in Lake Oswego we had 9 properties come onto the market, 18 move into pending status with accepted offers, and 12 sold/closed.

See below for an explanatin of the RMLS data.

New on the Market March 1-7, 2021

Address	Type	Price	BR	Baths	Sq Ft
243 Cervantes	Condo	$399,000	2	2	1292
16200 Pacific Hwy #4	Condo	$490,000	2	2	1190
1101 Hallinan Circle	Detached	$720,000	5	3	3368
13841 Verte Ct	Detached	$985,000	4	3	2350
17990 Ridge Lake Dr	Detached	$1,445,000	5	3.5	3897
2101 Goodall Ct	Detached	$2,539,000	4	4.5	4290
1677 Leslie Ln	Detached	$2,550,000	4	6.5	7534
5135 Carman Dr	Detached	$3,650,000	3	2.5+.5	4400
1125 Maple St	Detached	$3,900,000	4	3.5	6254

Pending Sales March 1-7, 2021

Address	Type	Price	BR	Baths	Sq Ft	CDOM
45 Eagle Crest #212	Condo	$179,000	1	1	780	155
26 Cervantes Circle	Condo	$244,900	2	1.5	1107	56
4636 Lower Dr	Condo	$265,000	2	1.5	1170	129
5057 Foothills Dr	Condo	$335,000	2	2	1252	3
41 Greenridge Ct	Attached	$415,000	3	2.5	1652	9
5804 Kennycroft Way	Detached	$504,900	3	1.5	1008	4
23 Aquinas St	Detached	$550,000	4	2.5	1840	3
1662 Worthington St	Detached	$700,000	4	2.5	2763	4
4749 Black Forest Ct	Detached	$715,000	4	2.5	2255	5
17121 Wall St	Detached	$724,900	3	2.5	2187	2
2 Mozarteum Ct	Detached	$744,900	4	2.5	2192	5
4184 Virginia Way	Detached	$849,900	4	2	1700	5
1080 Upper Devon Ln	Detached	$974,900	3	2.5	2335	4
19244 35th Pl	Detached	$1,095,000	5	3	3503	13
100 Garibaldi St	Detached	$1,175,000	5	3.5+.5	4572	3
2671 Glen Eagles Rd	Detached	$1,225,000	3	3	4019	4
1688 Leslie Ln	Detached	$1,898,000	4	4.5	5540	53
16655 Maple Circle	Detached	$3,498,000	3	3.5	3100	0

Sold/Closed March 1-7, 2021

Address	Type	List Price	Sold Price	Sq Ft	CDOM
16250 Pacific Hwy #50	Condo	$284,000	$290,000	1305	2
57 Greenridge Ct	Attached	$459,000	$459,000	1,301	0
1920 Southshore Blvd	Detached	$579,900	$559,900	1313	8
6 Yorick St	Detached	$849,950	$780,000	3116	83
1661 Woodland Terrace	Detached	$729,000	$801,000	3082	2
252 Greenwood Rd	Detached	$824,900	$810,000	3834	5
1216 Spruce St	Detached	$840,000	$820,000	2066	101
13711 Fielding Rd	Detached	$889,950	$830,000	4649	77
17596 Green Bluff Dr	Detached	$959,900	$960,000	3039	75
975 Schukart Ln	Detached	$1,198	$1,250,000	4449	350
312 9th St	Detached	$1,350	$1,350,000	2686	18
19491 Lorna Ln	Detached	$2,195	$2,388,270	4343	$55

March 6, 2021May 1, 2021

This Week In Lake Oswego

Lake Oswego is always chock full of all kinds of activities for its residents. Its really a marvel how, for so many years, such discerning attention is placed on producing a truly diverse array of programs for young, old and all interests. They are mostly virtual now for health & safety reasons, but some safe outdoor & distanced options are also peppered in there. Soon we’ll see the outdoor concerts return!

Here are my picks for what[s happening this week:

Mon, March 8, 2021- 7:15-7:45PM – How to Train Your Cat ~ Believe it or not cats can be trained! (they say… ; ) Every Monday/12 and up. Online – More Info & Registration: CLICK HERE

Tues, March 9 2021– 1:15-2:15PM – Gentle Yoga ~ Join this virtual class that repeats every Tuesday – More Info & Registration: CLICK HERE

Wed, March 10, 2021– 8:00AM – 10:00PM – Author/Fan Face-Off! ~ Each week, in this video series, a student will go head to head on 10 trivia questions from one of a featured author’s favorite books. This week the guest author is Varian Johnson and the featured book is The Great Green Heist Online – For More Info: CLICK HERE

Thurs, March 11, 2021– 6:00-7:30PM – Whole House Organizing~ Each week on Thursdays, Kaye Silver teaches participants to organize one category of household item, such as clothes. The following week participants share their results and learn about the next category, such as memorabilia. Online – More Info & Registration: CLICK HERE

Fri, March 12, 2021– 8:15AM-10:15PM – Essay Contest Deadline: Refugee & Immigrant Experience ~ 2021‌ ‌MINORU‌ ‌YASUI‌ ‌STUDENT‌ ‌CONTEST‌ ‌ “If‌ ‌there‌ ‌is‌ ‌suffering‌ ‌or‌ ‌pain‌ ‌that‌ ‌is‌ ‌unfairly‌ ‌imposed‌ ‌upon‌ ‌anyone,‌ ‌it’s‌ ‌my‌ ‌duty,‌ ‌it’s‌ ‌your‌ ‌duty‌ ‌to‌ ‌try‌ ‌to‌ ‌alleviate‌ ‌it,‌ ‌because‌ ‌that’s‌ ‌the‌ ‌way‌ ‌in‌ ‌which‌ ‌we‌ ‌gain‌ ‌a‌ ‌better‌ ‌life‌ ‌for‌ ‌all‌ ‌of‌ ‌us.” —‌ ‌Minoru‌ ‌Yasui‌ . The‌ ‌Minoru‌ ‌Yasui‌ ‌Student‌ ‌Contest‌ ‌is‌ ‌proud‌ ‌to‌ ‌announce‌ ‌its‌ ‌2021‌ ‌essay‌ ‌competition‌ ‌on‌ ‌Refugee‌ ‌and‌ ‌Immigrant‌ ‌‌E‌xperiences.‌ ‌We‌ ‌celebrate‌ ‌the‌ ‌ideas‌ ‌and‌ ‌opinions‌ ‌of‌ ‌students‌ ‌in‌ ‌grades‌ ‌6‌ through‌ ‌12‌ ‌and‌ ‌challenge‌ ‌them‌ ‌to‌ ‌write‌ ‌an‌ ‌original‌ ‌and‌ ‌thoughtful‌ ‌essay‌ ‌exploring‌ ‌refugee‌ ‌or immigrant‌ ‌experiences.‌ Online – More Info & Registration: CLICK HERE

Sat, March 13, 2021– 9:00AM-9:30AM – Saturday Sing-A-Long ~ Ages 3-5 sing their favorite Disney, folk & popular songs every Saturday! Online – More Info & Registration: CLICK HERE

Sun, March 14, 2021– 10:00AM-12:00PM – Stewardship Work Party at Woodmont Park ~ Plant native species in this new park with Friends of Woodmont Park! More Info & Registration: CLICK HERE

March 6, 2021September 11, 2022

Market Activity ~ Feb 22-28, 2021

Last week we saw only 5 properties enter the market, 13 moved to Pending status and 20 Sold/Closed. There are 66 fabulous properties available right now in Lake Oswego! The market is very tight. This is the time of year we start to see properties hit the market so time will tell if we’ve got a wave of properties coming up, but for now, rates are low & inching higher… its a good time to call a skilled Realtor to help you secure a home. Dianne and I are always a phone, text or email away.

Here is the latest overview of activity in Lake Oswego according to RMLS:

NEW Feb 22-28, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
41 GREENRIDGE CT	$415,000	3	2.1	1652	ATTACHD
668 MCVEY AVE #33	$499,000	2	1	852	CONDO
17994 SAINT CLAIR DR	$989,000	4	2.1	3689	DETACHD
5740 SW CHILDS RD	$1,550,000	5	3	5519	DETACHD
15780 TWIN FIR RD	$2,975,000	4	4.1	4270	DETACHD

Pending Feb 22-28, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
4 TOUCHSTONE #63	$195,000	2	2	984	CONDO	1
1225 LEE ST	$520,000	3	1.1	1056	DETACHD	80
4832 REDWING WAY	$599,900	3	2	1472	DETACHD	3
17614 SCHALIT WAY	$650,000	3	2	1561	DETACHD	3
5172 GREENSBOROUGH CT	$719,000	4	2.1	2184	DETACHD	102
18 HOTSPUR ST	$750,000	4	2	2025	DETACHD	5
13983 WESTCOTT CT	$898,900	4	2.1	2792	DETACHD	4
2240 RIDGEWOOD RD	$939,000	4	3.1	2777	DETACHD	2
17311 CANYON DR	$1,079,000	6	3	5376	DETACHD	35
116 MIDDLECREST RD	$1,290,000	4	3	2545	DETACHD	38
419 7TH ST	$1,350,000	4	2.1	2813	DETACHD	11
667 LAKE BAY CT	$1,899,900	4	3.1	3616	DETACHD	36
1890 TWIN POINTS RD	$2,650,000	4	3.1	4274	DETACHD	535

Sold Feb 22-28, 2021

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
45 EAGLE CREST DR #210	$199,000	$198,000	1	1	780	CONDO	23
3812 BOTTICELLI ST	$319,995	$310,000	3	2	1194	CONDO	41
241 CERVANTES Upper	$400,000	$405,000	2	2	1382	CONDO	3
17095 WESTVIEW DR	$649,000	$575,000	4	3	3356	DETACHD	90
1238 LAUREL ST	$524,900	$600,000	3	2	1485	DETACHD	2
6210 CHILDS RD	$699,000	$710,000	3	2	1433	DETACHD	2
1202 SPRUCE ST	$735,000	$735,000	2	2.1	1706	DETACHD	84
6126 SW Frost LN	$759,000	$745,000	5	3	2497	DETACHD	41
5185 WOODCREST LN	$835,000	$825,000	3	2.1	2554	DETACHD	33
4850 LOWER DR	$825,000	$825,000	4	3	2700	DETACHD	11
5173 WOODCREST LN	$850,000	$905,000	5	3	3220	DETACHD	2
5513 RACHEL LN	$1,049,000	$1,030,000	4	2.1	3335	DETACHD	29
17196 KELOK RD	$1,199,000	$1,050,000	5	3.1	4384	DETACHD	169
3600 PIPER CT	$1,050,000	$1,110,000	5	3.1	4549	DETACHD	4
1156 CHERRY LN	$1,345,000	$1,175,000	5	3.1	4084	DETACHD	79
2120 GLENMORRIE DR	$1,298,000	$1,298,000	4	3.1	4293	DETACHD	125
701 4TH ST	$1,499,000	$1,450,000	3	2.1	2913	DETACHD	43
17495 KELOK RD	$1,600,000	$1,475,000	3	2.1	3282	DETACHD	101
1188 CHERRY CIR	$2,198,000	$2,050,000	5	6.1	8772	DETACHD	550
16649 MAPLE CIR	$3,095,000	$2,730,875	4	3	2714	DETACHD	154

February 27, 2021

Let’s Talk Trees

Trees have been the focus of my attention lately. This is because two weeks ago Lake Oswego had a big ice storm and a neighbors unkept trees dropped limbs onto power lines that caused a power outage at my house. It lasted 3 days. Of course this was not uncommon. At one point Portland Gas and Electric had power outages at over 300,000 homes in the metro area. Many were without power for longer than 3 days, so my intention here is not to complain about my personal experience. Instead, it has me thinking about the importance of paying attention to the trees in your yard.

Get them inspected

When buying a home, if the house has large trees in the yard, get them inspected. Most home inspectors only inspect the house itself. They don’t inspect the trees. A good home inspector will make the suggestion that you get the trees inspected, but many don’t. You should not take it for granted that trees are trees and no big deal. In particular, are any of the trees unhealthy? Are any of the trees unstable? Removing a big tree can be expensive. If this is something that can be learned up front, before you buy the house, it is something that can be negotiated as part of the purchase.

Trees need to be maintained

Once you own a home, maintain your trees by hiring an arborist every five years of so to go through your trees and take out dead limbs and prune to maintain health. My husband and I have done this. We have four HUGE fir tress and one HUGE English walnut tree. When we first bought our home I would occassionally sleep downstairs, not in my bedroom, if there was a big wind storm. Then one day while gardening, out of the blue, a big limb came down not too far from where I was standing. There’s a reason that these limbs are called widow makers. They are big and heavy and could really hurt a person. This was my wake up call that it was time to become friends with an arborist.

Since we have had our trees cleaned up, not one big limb has randomly fallen in our yard and no limbs have fallen during wind or ice storms. It is money well spent and gives tremendous peace of mind.

This brings me back to the recent ice storm. How I wish my neighbor was taking better care of his/her trees! Be a good neighbor and be a responsible tree owner.

I hope that you find this information helpful. Feel free to reach out to either Linda or myself if you have any questions about real estate and home ownership.

Dianne

February 18, 2021February 22, 2021

News & Notes ~ Jan 2021 Numbers

Overview/Fluctuations ~ Portland Area Market Data Jan 2021:

The big story in January is that our Inventory increased from .8 to 1.0 months of supply. If you think that’s not much, you’re right! We continue to be at record lows in available homes. Last year in January we had 2.2 months of Inventory, which was low. The previous year (Jan 2019) we had 3.3 months of Inventory. So, the field is still competitive out there which means it is a terrific time to sell a home and if you’re buying, rates are still low hovering around 3.125, so better not to wait!

According to the RMLS Market Action Report for the Portland Metro Area, Jan. 2021:

There were 2,579 New Listings in Jan 2021 decreased 6.4% from Jan of 2020’s 2,754, and increased 48.2% from the previous month/Dec’s 1,740.
At 1,847, Jan 2021’s Closed Sales are up 11.1% from Jan 2020’s 1,663, and down 33.8% from the previous month/Dec 2020’s total of 2,789
At 2,496, Jan 2021’s Pending Sales are up 9.9% from Jan 2020’s 2,271, and also up 24.6% from the previous month/Dec 2020’s total of 2,003.
The Average Sale Price in Jan 2021 of $514,700 is up $51,700 from last year/Jan 2020’s $463,000, and up $700. from the previous month/Dec 2020’s $514,000.
The “Median” Sale Price (the price smack dab in the middle of all sales) in Jan 2021 of $460,000 rose from last year/Jan 2020’s $406,000 by $54,000, and decreased 5,000 from the previous month/Dec 2020’s $455,000

LAKE OSWEGO

The combined areas of Lake Oswego and West Linn for the month of January 2021 reported:

84 Active Listings (Dec 114)
112 New Listings (Dec 73)
121 Pending Sales (Dec 110)
92 Closed Sales (Dec 137)
Average Sale Price for Jan: $812,700 (Dec $845,700)
- NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month. Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
46 Average Days on the Market (Dec 60)

February 17, 2021September 11, 2022

Market Activity ~ Feb 8-14, 2021

This last week we saw 6 properties come onto the market, 15 move to Pending status, and 7 Closed/Sold. There are currently a whopping 47 homes on the market in Lake Oswego.

NEW Feb 8-14, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
3930 LAKE GROVE AVE, #1B	$215,000	2	1	956	CONDO
5091 TUALATA LN	$625,000	3	2	1500	DETACHD
4846 LOWER DR	$812,900	5	3	2655	DETACHD
1255 Bickner ST	$1,235,000	4	2.1	2764	DETACHD
419 7TH ST	$1,350,000	4	2.1	2813	DETACHD
769 4TH ST	$1,965,000	5	3.1	3922	DETACHD

PENDING Feb 8-14, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
4000 CARMAN DR #47	$259,900	2	2	993	CONDO	4
3433 MCNARY PKWY #501	$269,900	2	2.1	1136	CONDO	3
1538 PINE ST	$515,000	3	2	1575	DETACHD	3
578 2ND ST	$539,900	2	2.1	1361	PLNCOMM	6
6210 CHILDS RD	$699,000	3	2	1433	DETACHD	2
5172 GREENSBOROUGH CT	$719,000	4	2.1	2184	DETACHD	86
4580 TRILLIUM WOODS	$739,900	3	2.1	1992	ATTACHD	10
876 SUNNY HILL DR	$850,000	4	2.1	2164	DETACHD	4
2318 HILLSIDE LN	$899,995	5	3.1	3258	DETACHD	8
2574 PALISADES CREST DR	$975,000	5	2.2	4563	DETACHD	22
13204 DEERFIELD CT	$1,050,000	4	2.1	3406	DETACHD	4
5686 LA MESA CT	$1,225,000	4	3.1	3840	DETACHD	1
16364 IVY LN	$1,445,950	5	3.1	4862	DETACHD	282
892 8TH ST	$1,450,000	4	3.1	2872	DETACHD	7
743 6TH ST	$1,915,000	5	3.1	3922	DETACHD	254

SOLD Feb 8-14, 2021

Address	Opening Price	Closed Price	# Beds	# Baths	Total SF	Prop Type	CDOM
47 EAGLE CREST DR #50	$210,000	$208,650	2	1	932	CONDO	37
16 AQUINAS ST	$525,000	$555,000	3	2.1	1720	DETACHD	1
3595 UPPER DR	$629,000	$645,000	3	2	1420	DETACHD	4
4515 OAKRIDGE RD	$685,000	$685,000	3	2.1	1981	ATTACHD	54
1111 C AVE	$1,549,000	$1,500,000	4	3.1	3354	DETACHD	141
1547 GLENMORRIE DR	$1,995,000	$1,910,000	4	3.1	4042	DETACHD	129
4357 SOUTHSHORE BLVD	$2,995,000	$2,600,000	5	5.1	5220	DETACHD	152

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.