Market Activity July 16-22, 2018

Just as I was getting used to the idea that we are in the dog days of summer a week happens that goes gang busters! Last week in Lake Oswego there were 32 genuinely new listings, 27 houses that went into pending status, and 18 sold/closed properties. That’s a big week!

Following is the breakdown for you according to RMLS:

New on the Market (July 16-22, 2018)

Address Type Price BR Baths Sq Ft
4 Touchstone #123 Condo $199,949 3 2.5 1351
200 Burnham Rd #207 Condo $235,000 2 1 1202
15938 Quarry Rd B-4 Condo $242,500 2 1 991
3916 Carman Dr Condo $339,900 2 2.5 1098
12848 Boones Ferry Rd Condo $389,900 2 2.5 1182
1700 Gassner Ln Detached $399,900 3 2 1832
293 Cervantes Attached $424,900 3 2.5 1477
15370 Twin Fir Rd Detached $449,000 3 3.5+.5 1120
1218 Laurel St Detached $449,000 4 2 1485
20 Summit Ridge Ct Attached $459,950 2 2.5 1704
1651 Woodland Terr Detached $475,000 5 3 2737
17270 Bryant Rd Detached $569,000 3 3 2047
1459 Greentree Circle Detached $595,000 3 2 1716
1508 Pine St Detached $619,900 4 3 2300
71 Tanglewood Dr Detached $639,900 3 3 2616
36 Westridge Dr Detached $639,900 4 3 2803
1 Preakness Ct Detached $640,000 4 3 2373
838 Ash St Detached $649,000 4 1.5 3025
3271 Fir Ridge Rd Detached $649,000 4 2.5 2250
17020 Chapin Way Detached $684,900 4 3 3258
4804 Heritage Ln Detached $739,000 4 2.5 2458
55 Northshore Rd #1 Condo $759,000 3 2 2750
17453 Oak Meadow Ln Detached $799,000 4 2.5 3294
49 Hillshire Dr Detached $970,000 4 3.5 4268
727 Laurel St Detached $997,500 3 3.5 3365
903 Ash St Detached $1,100,000 3 2.5 2766
3240 Upper Dr Detached $1,195,000 3 2.5 3400
17486 Redfern Ave Detached $1,449,000 4 4 3632
17344 Cedar Rd Detached $1,699,000 5 2.5 2831
3817 Upper Dr Detached $1,699,000 4 3.5 4532
18990 Barton Rd Detached $1,750,000 4 3.5+.5 4532
1175 Westward Ho Rd Detached $1,788,888 3 3.5 3547

Pending Sales (July 16-22, 2018)

Sold/Closed (July 16-22, 2018)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #5 Condo $149,000 1 1 617 59
47 Eagle Crest Dr #52 Condo $149,900 1 1 666 22
45 Eagle Crest Dr #312 Condo $214,950 1 1 780 1
86 Kingsgate Rd D103 Condo $22,900 2 2 924 4
45 Greenridge Ct Townhouse $394,900 3 2.5 1645 27
155 Greenwood Rd Detached $445,000 3 1 999 6
4235 Douglas Way Detached $459,000 3 2 1479 4
18444 Tualata Ave Detached $465,000 3 2 1245 3
17869 Lake Haven Dr Detached $475,000 4 2.5 2150 5
16624 Roosevelt Ave Detached $479,900 2 2 2802 71
15008 Twin Fir Rd Detached $494,900 7 2.5+.5+.5+.5 3532 30
8 Grouse Terrace Detached $545,000 4 3 2658 59
1038 Oak St Detached $550,000 4 2 2657 4
622 Clara Ct Detached $575,000 4 2 2236 75
4639 Black Forest Ct Detached $635,000 4 2.5 2197 28
605 Country Club Rd Detached $649,000 5 3.5 3422 60
220 4th St Detached $649,000 3 2 1840 6
1911 Woodland Terr Detached $650,000 3 2.5 2060 3
672 1st St Condo $679,900 2 2.5 1986 40
12777 Sierra Vista Dr Detached $689,000 4 2.5 3144 108
2251 Summit Dr Detached $749,000 4 3 2874 56
5853 Southwood Dr Detached $825,000 5 2.5 3707 48
4933 Lakeview Blvd Detached $898,000 4 3 3988 195
1159 Bayberry Rd Detached $949,000 4 2.5 2508 26
629 Middlecrest Rd Detached $1,399,000 4 4 3575 85
1160 Northshore Rd Detached $1,998,000 2 2.5 2794 156
3424 Lakeview Blvd Detached $6,988,000 5 5.5 7102 44
Address Type List Price Sold Price Sq Ft CDOM
100 Kerr Pkwy #51 Condo $169,000 $165,000 620 37
48 Eagle Crest Dr 1C Condo $285,000 $280,000 1370 25
16880 Cortez Ct Detached $395,000 $365,000 1991 68
8 Bernini Ct Detached $485,000 $500,000 1465 7
14273 Amberwood Circle Detached $549,000 $516,000 2350 4
5582 Yorkshire Pl Detached $589,900 $580,000 2302 4
4654 Auburn Ln Attached $620,000 $610,000 2732 171
4220 Albert Circle Detached $615,000 $614,000 2405 20
4910 Lower Dr Detached $659,900 $650,000 2151 196
17423 Oak Meadow Ln Detached $734,000 $710,000 3125 132
12814 Sierra Vista Dr Detached $750,000 $745,000 3050 2
2110 Greentree Rd Detached $849,000 $849,000 2908 0
4145 Chad Dr Detached $929,900 $892,000 3337 20
5416 Southwood Dr Detached $899,000 $920,000 3340 3
18493 Ray Ridge Dr Detached $1,200,000 $1,050,000 4367 43
2912 Wembley Park Rd Detached $1,450,000 $1,375,000 4389 143
1903 Egan Way Detached $1,449,000 $1,436,640 2795 5
1115 Lake Front Rd Detached $2,245,000 $1,900,000 4245 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.

News & Notes ~ June 2018

Here’s your look at the latest numbers in for the entire Portland area (June).

What a difference a month makes! Overall we’ve seen a little slowing from last year, but a bit mixed with New Listings up 2.7%, Pending Sales down 1.7%, and Closed Sales down 2.2%.

Here is your look at the most recent data for the entire Portland area (June) and how Lake Oswego fits in to this picture just below:

  • According to the RMLS Market Action Report for the Portland Metro Area, June, 2018:
    • There were 4,515 New Listings in June 2018 which was down 4.7% from June of 2017’s 4,739, and down 3.2% from the previous month/May of 2018’s total of 4,665.
    • At 2,946, June Closed Sales fell  7.6% from June 2017’s 3,187, and/but were up 5.1 % from the previous month/May 2018’s total of 2,803.
    • June’s Pending Sales (accepted offers), at 3,059 dropped 6.0% from June of 2017’s 3,254, and were also down 4.4% from the previous month/May 2018’s total of  3,201.
    • The Average Sale Price in June of $472,400 was up $31,800 from June 2017’s $440,600, and also up from May 2018’s $460,700 by $11,700.   

Neighborhoods: June’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $430,100              6.7%   (May 418,700)
  • NE Portland:  $490,000                   7.0%   (May 504,700  )
  • SE Portland:  $443,600                   6.7%   (May 404,900)
  • Gresham/Troutdale:   $357,900   10.4%   (May 346,000)
  • Milwaukie/Clackamas:  $434,100  6.6%   (May 427,900  )
  • Oregon City/Canby:   $434,100      7.1%   (May 435,800)
  • Lake Oswego/West Linn:$685,700 8.8%   (May 718,200)
  • West Portland:    $635,600             1.7%   (May 603,300)
  • NW Wash County:  $572,200          5.2%   (May 564,500)
  • Beaverton/Aloha:     $400,100        8.8%   (May 388,700 )
  • Tigard/Wilsonville:   $481,500        9.1%   (May 471,700 )
  • Hillsboro/Forest Grove: $409,900  9.1%   (May 397,400)

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of June 2018 reported:

    •  341 Active Listings   (May 422)
    •  261 New Listings     (May 306)
    •  192 Pending Sales  (May 191)
    •  154 Closed Sales      (May 175)
    • Average Sale Price for June: $685,700  (May 718,200)
      • 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.
    •  52 Average Days on the Market   (May 63)

Market Activity ~ July 9-15, 2018

Last week 27 New properties entered the market in Lake Oswego, 24 moved to Pending status, and 23 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (July 9-15, 2018)

Address List Price # Beds # Baths Total SF Prop Type
56 CERVANTES CIR $210,000 2 1.1 912 CONDO
4652 LOWER DR / Upper $210,000 2 1.1 1170 CONDO
86 KINGSGATE RD H203 $215,000 2 2 849 CONDO
44 EAGLE CREST DR #22 $227,999 3 2 1085 CONDO
209 OSWEGO SMT / Upper $250,000 2 2 1383 CONDO
203 CERVANTES / Upper $280,000 2 2 1100 CONDO
17 SUMMIT RIDGE CT $365,000 2 2.1 1558 ATTACHD
9 JUAREZ ST $479,900 4 3.1 2570 DETACHD
5316 LOWER DR $575,000 3 2.1 2016 DETACHD
18761 INDIAN CREEK WAY $585,000 4 2.1 2005 DETACHD
50 AQUINAS ST $585,000 4 2.1 2415 DETACHD
17411 TREE TOP LN $649,000 4 3 3382 DETACHD
6419 SW DAWN ST $649,900 4 2.1 2016 DETACHD
5555 FIELDSTONE CT $785,000 4 2.1 2712 DETACHD
5670 CHARLES CIR $859,000 4 2.1 2968 DETACHD
19505 OLSON AVE $925,000 5 2.1 3022 DETACHD
13822 MELROSE PL $1,050,000 4 3.1 3529 DETACHD
14117 BARRINGTON CT $1,095,000 4 3 3503 DETACHD
4450 UPPER DR $1,100,000 3 1 2580 DETACHD
18953 PILKINGTON RD $1,115,000 4 3 3420 DETACHD
452 7TH ST $1,150,000 4 2.1 2600 DETACHD
18989 PILKINGTON RD $1,219,000 4 3 3640 DETACHD
2277 SUMMIT DR $1,288,000 4 3.1 4659 DETACHD
18977 PILKINGTON RD $1,289,000 4 3 3590 DETACHD
401 9TH ST $1,348,000 4 3.1 4288 DETACHD
4287 HAVEN ST $1,349,950 4 3.1 4007 DETACHD
17036 Canal CIR $1,485,000 4 3 3931 DETACHD

PENDING SALES (July 9-15, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #6 $164,900 1 1 617 CONDO 54
74 OSWEGO SMT / Upper $225,000 2 2 1140 CONDO 3
100 GREENRIDGE CT $365,000 3 2.1 2004 TOWNHSE 2
5110 CARMAN DR $423,900 3 1 1407 DETACHD 4
4366 WOODSIDE CIR $437,500 3 2.1 1963 ATTACHD 3
18609 KRISTI WAY $439,999 3 1 1154 DETACHD 15
19071 LONGFELLOW AVE $465,000 3 1 1152 DETACHD 40
1318 LAUREL ST $574,900 4 2.1 1645 DETACHD 4
4693 LAKEVIEW BLVD $624,990 3 2 2021 DETACHD 2
161 C AVE $625,000 2 2.1 1719 ATTACHD 2
1871 KILKENNY DR $649,000 5 2.1 3086 DETACHD 11
4801 JEAN RD $650,000 6 6.1 3400 DETACHD 177
5117 GREENSBOROUGH CT $650,000 3 2.1 1560 DETACHD 30
5937 BAY POINT DR $764,000 4 2.1 3402 DETACHD 33
3056 WEMBLEY PARK RD $950,000 4 2.1 2611 DETACHD 4
2949 WESTVIEW CIR $989,900 4 3 3326 DETACHD 35
19320 LORNA LN $1,100,000 4 3.1 4192 DETACHD 134
3540 RED CEDAR WAY $1,150,000 5 3.1 4023 DETACHD 15
795 6TH ST $1,200,000 3 2 2655 DETACHD 11
1925 CHILDS RD $1,290,000 5 4.1 5207 DETACHD 238
17455 Ridgeview LN $1,328,000 4 3.1 4561 DETACHD 121
18262 MEADOWLARK LN $1,398,800 5 3.1 4757 DETACHD 67
2090 CREST DR $1,695,000 3 2.1 3258 DETACHD 0
13910 STAMPHER RD $1,950,000 4 3.1 4488 DETACHD 35

SOLD (July 9-15, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
26 CERVANTES CIR / Grnd $215,000 $215,000 2 1.1 912 CONDO 25
86 KINGSGATE RD / G101 $219,000 $220,000 2 2 840 CONDO 6
3433 MCNARY PKWY #501 $225,000 $225,000 2 2 1136 CONDO 8
5225 JEAN RD #107 $279,900 $285,000 2 2 1200 CONDO 18
1408 LAUREL ST $300,000 $300,000 3 1 850 DETACHD 0
21 SUMMIT RIDGE CT $419,000 $415,000 2 2.1 1654 ATTACHD 60
19200 REDWING CT $499,900 $475,000 4 3 2128 DETACHD 41
16053 LAKE FOREST BLVD $494,950 $500,000 4 2 2100 DETACHD 174
14332 SHERBROOK PL $524,900 $507,000 3 2.1 1770 DETACHD 35
18679 INDIAN CREEK DR $600,000 $575,000 4 2.1 2276 DETACHD 48
328 4TH ST $624,900 $595,000 2 2.1 1731 TOWNHSE 17
2765 GLEN HAVEN RD $695,000 $650,000 4 2.1 2277 DETACHD 27
1250 HEMLOCK ST $649,900 $650,000 5 2 2465 DETACHD 13
1422 ASH ST $665,000 $659,000 4 3 2997 DETACHD 327
412 LIVINGOOD LN $725,000 $672,000 5 2.1 3928 DETACHD 39
75 TOUCHSTONE $700,000 $675,000 4 2.1 2373 DETACHD 49
19 JUAREZ ST $739,900 $750,000 3 2.1 3584 DETACHD 1
3766 RIVERS EDGE DR $799,000 $803,000 5 3.1 3428 DETACHD 3
3240 WESTVIEW CT $874,900 $850,000 4 3.1 3121 DETACHD 46
4635 DOGWOOD DR $895,000 $875,000 3 3 4584 DETACHD 612
19626 PERCH CT $1,099,000 $1,050,000 4 2.1 3494 DETACHD 4
950 OAK TER $1,150,000 $1,150,000 4 2.1 3787 DETACHD 7
15495 VILLAGE DR $1,545,000 $1,471,496 5 4.1 5401 DETACHD 24

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.

Real Estate Cycles of Aging Homes

Real estate is rather similar to fashion: there are trends and styles that come and go. What is hot today will not be hot tomorrow. I find it fascinating.

Growing up my Dad worked for a large corporation that required that to be promoted he had to move. My Dad was hard working and successful and we moved a lot. My folks knew when they bought at house that they’d be selling it in 3-5 years. They knew that they had to buy something that they could easily sell. This is why they favored new construction. It worked. Their homes always sold easily and they did very well with their real estate investments.

This leads me to scenario #1: new homes. They are the latest in what’s popular. Builders build homes to sell them and make a profit. They study the market and are absolutely on the cutting edge of the latest trends. What is hot right now is ultra contemporary. Houses with dramatic expanses of flat and angular roofs, big windows with soaring vaults, great rooms, massive master suites, these are all part of the current formula.

Scenario #2: a house that is 15-30 years old. These are the houses that used to be hot, but the styles have changed. They are also just new enough that everything still works, but that the useful life of some of the expensive components (think roof, furnace, air conditioning) is nearing the end of its expected life. I think this is the roughest stage in the life of a house. Buying one of these houses will be a great value. Here in LO, you’ll get a lot for the money. The houses have the big spaces with good sized rooms and 3-car garages, but probably need remodeling. It takes money to bring these houses in line with what is “hot”. You’ll get out of them what you put into them. They are a great investment.

Scenario #3: the golden age that stretches into the future. These are houses that have aged past what is “hot” and have become classic. That is what is happening right now with houses built between 1960 and 1980. The NW Contemporaries that were so popular when they were built have become architecturally important and truly stunning when in good condition. This is the time when all of the maintenance and up keep pays off. A house that is well cared for through the ages will remain a great investment and hold onto and build in value. This golden age includes the post WWII cottages in First Addition, the farm houses and bungalows in Lake Grove, and the 1950’s daylight ranches in Palisades. These houses have aged to a point where what’s in style no longer impacts them, they are classic.

As a house ages the various owners will be making lots of decisions about improvements and remodeling. That is human nature. I want to make what I think is an important point: respect the era of the home. Please don’t try to make a 1923 bungalow into a contemporary by taking out all of the original wood work and tearing out all of the walls. I showed a bungalow just recently that my buyer was super excited to see. We walked in and there it was, a massive, floor-to-ceiling fireplace completely refaced in lava rock. I’m sure it seemed like a good idea in about 1980, but today it’s an eyesore. The house would be so much more desirable if the original fireplace was still there. Do upgrade components like the furnace. Do upgrade the energy efficiency. Do the maintenance and keep the house clean and painted. But also appreciate the architecture of the original design. If that is respected, the house will truly shine.

I want to end by showing the before and after of a 1982 house in Mountain Park. This is a perfect example of how a style reaches the “classic” status. The before photo was from when the house sold in 2011. It had grown a little “tired” but had all of those great contemporary lines. The after photo is from about a month ago. The current owners appreciated the clean lines and have made that house shine, all while honoring the original design. This house is aging well. It sold in about 12 hours when it hit the market.

None of this is based on anything more than my observations. I love new homes, and I love older homes. Houses are pretty interesting, if you ask me.
Dianne

Market Activity July 2-8, 2018

The Lake Oswego real estate market remains strong and is singing right along. Last week new listings were down a bit at just 14, which is totally logical considering it was a big holiday week. Pending sales remained strong at 27, and closed/sold properties were steady at 18.

Following is the breakdown for you according to RMLS:

New on the Market (July 2-8, 2018)

Address Type Price BR Baths Sq Ft
4000 Carman Dr A10 Condo $218,500 2 2 836
51 Condolea Ct Condo $510,000 3 2.5 2198
18440 Sandpiper Circle Detached $529,900 3 2 1447
58 Touchstone Detached $540,000 3 2 1674
16106 Lake Forest Blvd Detached $649,900 5 2 3440
15550 Quarry Rd Detached $875,000 4 3 2741
13188 Twin Creek Ct Detached $887,500 4 2.5 3480
1604 Country Club Rd Detached $900,000 3 3.5 3878
3953 Bass Ln Detached $1,095,000 4 3.5 3301
211 Furnace St Detached $1,195,000 4 3.5 3301
686 Ridgeway Rd Detached $1,249,000 5 3 3048
143 Furnace St Condo $1,250,000 2 2.5 2245
17283 Blue Heron Rd Detached $1,795,000 3 2.5 2813
17210 Cedar Rd Detached $2,095,000 4 3 2813

Pending Sales (July 2-8, 2018)

Address Type Price BR Baths Sq Ft CDOM
16250 Pacific Hwy #81 Condo $199,000 1 1 841 3
4000 Carman Dr E82 Condo $199,023 2 1 827 7
4 Touchstone #99 Condo $210,000 2 2 984 5
6924 Montauk Circle Condo $267,000 3 2 1092 3
3876 Botticelli St Condo $285,000 2 2 1124 4
16250 Pacific Hwy #76 Condo $325,000 3 2 1745 117
5064 Foothills Dr F Condo $349,900 2 2 1252 61
4308 Botticelli St Townhouse $394,950 3 3.5 2098 31
5835 Carman Dr Detached $424,900 3 2.5 1650 81
17839 Tamara Ave Detached $445,000 3 1.5 1562 14
55 Northshore Rd #9 Condo $450,000 2 1.5 2025 385
19019 Terry Ave Detached $489,900 3 2 1412 27
4 Gershwin Ct Detached $490,000 4 3.5 2930 15
5020 Lakeview Blvd Detached $499,000 3 2 1211 6
1400 Lee St Detached $579,900 5 3 2840 15
49 Tanglewood Dr Detached $580,000 4 2.5 2491 24
5540 Bay Creek Dr Detached $650,000 3 3 2130 46
17441 Blue Heron Dr Detached $650,000 4 3 2265 88
4087 Coltsfoot Ln Detached $659,900 3 2 2640 64
4261 Glacier Lily St Detached $694,500 4 2.5 2693 94
17502 Erin Ct Detached $724,900 4 3 3056 49
1731 Woodland Terrace Detached $745,000 4 2.5 2714 11
2212 Glenmorrie Ln Detached $1,150,000 5 2.5 3722 28
18137 Meadowlark Ln Detached $1,299,000 4 4.5 5306 303
893 Cedar St Detached $1,375,000 4 3.5 3740 182
2912 Wembley Park Rd Detached $1,450,000 4 3.5+.5 4389 143
340 Ridgeway Rd Detached $2,230,000 4 4 4411 2

Sold/Closed (July 2-8, 2018)

Address Type List Price Sold Price Sq Ft CDOM
21 Oswego Summit Condo $170,000 $170,000 764 46
20 Cervantes Circle Condo $200,000 $200,000 912 9
86 Kingsgate Rd E202 Condo $239,900 $239,900 924 3
48 Eagle Crest Dr 4E Condo $299,000 $299,000 1489 48
1381 Bonniebrae Dr Townhouse $305,000 $310,000 1303 3
19350 Marlin Ave Detached $569,000 $550,000 1820 56
4846 Redwing Way Detached $549,900 $565,000 1607 16
748 1st St Detached $600,000 $600,000 1404 0
2660 Lookout Ct Detached $624,500 $619,500 2565 43
13805 Regency Ct Detached $659,000 $649,000 2087 6
18462 Anduin Terrace Detached $725,000 $675,000 2982 103
20 Independence Ave Detached $724,900 $714,000 3900 4
1121 Devon Ln Detached $849,900 $820,000 2968 103
16101 Parelius Circle Detached $1,165,000 $875,000 3974 235
4090 Westbay Rd Detached $925,000 $925,000 2078 1
540 Northshore Rd Detached $899,000 $925,000 2646 1
1925 Cheryl Ct Detached $1,848,000 $1,800,000 5869 26
14390 Uplands Dr Detached $3,888,000 $3,819,000 7656 0

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 ~ June 25-July 1, 2018

Last week 35 New properties entered the market in Lake Oswego, 25 moved to Pending status, and 25 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (June 25-July 1, 2018)

Address List Price # Beds # Baths Total SF Prop Type
47 EAGLE CREST DR #52 $149,900 1 1 666 CONDO
4 TOUCHSTONE #99 $210,000 2 2 984 CONDO
4000 CARMAN DR #E74 $210,000 2 2 836 CONDO
3954 CARMAN DR $340,000 2 2.1 1132 CONDO
4095 JEFFERSON PKWY $379,500 2 2.1 1710 CONDO
18609 KRISTI WAY $439,999 3 1 1154 DETACHD
4862 INDIAN CREEK CT $524,500 3 2 1390 DETACHD
1841 CLOVERLEAF RD $525,000 5 3 2190 DETACHD
17797 OVERLOOK CIR $574,900 4 2.1 2908 DETACHD
13413 VERMEER DR $629,900 4 3.1 2529 DETACHD
1871 KILKENNY DR $649,000 5 2.1 3086 DETACHD
4848 LOWER DR $699,000 4 3 2548 DETACHD
1445 GREENTREE CIR $749,000 4 3 2662 DETACHD
2972 VALE CT $750,000 4 2.2 3120 DETACHD
934 ASH ST $794,900 4 2.1 1982 DETACHD
17435 UPPER CHERRY LN $799,000 3 2.1 3384 DETACHD
13947 MAJESTIC CT $835,000 3 3 2822 DETACHD
5099 LAKEVIEW BLVD $849,000 3 3.1 2747 DETACHD
1159 BAYBERRY RD $949,000 4 2.1 2508 DETACHD
6335 Burma RD $989,900 4 4 3508 DETACHD
3710 MARQUIS CT $998,000 4 3.1 3827 DETACHD
19463 LORNA LN $999,500 4 3.1 4055 DETACHD
17808 HILLSIDE WAY $1,100,000 4 3.1 3045 DETACHD
418 NORTHSHORE RD $1,129,000 3 2 2838 DETACHD
3540 RED CEDAR WAY $1,150,000 5 3.1 4023 DETACHD
12975 SW ELK ROCK RD $1,199,000 5 3.1 4579 DETACHD
820 FAIRWAY RD $1,298,000 4 3.1 3758 DETACHD
19125 35TH PL $1,349,900 4 4.1 5153 DETACHD
817 HOODVIEW LN $1,369,000 5 4 4141 DETACHD
4212 SOUTHSHORE BLVD $1,398,000 4 4 3129 DETACHD
13010 KNAUS RD $1,435,000 4 3.1 4470 DETACHD
1277 CHANDLER RD $1,998,000 4 3.1 4500 DETACHD
4011 WESTBAY RD $2,100,000 5 3.1 4518 DETACHD
14335 FOSBERG RD $2,250,000 5 3.2 6526 DETACHD
1075 CHANDLER RD $2,300,000 5 4.1 5710 DETACHD

PENDING SALES (June 25-July 1, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
65 GALEN ST / Grnd $169,900 1 1 690 CONDO 26
16250 PACIFIC HWY #51 $189,900 1 1 841 CONDO 44
532 S STATE ST / Grnd $215,000 1 1 829 CONDO 48
18821 LONGFELLOW AVE $389,000 3 1 946 DETACHD 17
45 GREENRIDGE CT $394,900 3 2.1 1645 TOWNHSE 7
1731 ASPEN CT $419,500 3 2 1440 DETACHD 10
668 MCVEY AVE #54 $499,000 3 1.1 992 CONDO 48
5751 WASHINGTON CT $500,000 5 2 2120 DETACHD 4
710 BRIERCLIFF LN $585,000 3 2.1 1906 DETACHD 4
1179 LARCH ST $609,900 3 2 3206 DETACHD 6
5564 BONITA RD $619,000 3 2.1 2435 DETACHD 40
760 TIMBERLINE DR $639,900 4 3 3058 DETACHD 5
5685 CHARLES CIR $700,000 4 2 2542 DETACHD 5
15 DEL PRADO ST $725,000 4 2.1 2185 DETACHD 8
15818 SPRINGBROOK CT $849,500 3 3 2538 DETACHD 77
1828 PALISADES TERRACE DR $880,000 4 2.1 3264 DETACHD 33
18265 RIVER EDGE CT $1,020,000 3 3.1 3464 DETACHD 56
740 7TH ST $1,195,000 7 7 5431 DETACHD 410
721 7TH ST $1,249,000 4 3.1 4544 DETACHD 58
140 BERWICK RD $1,295,000 4 2.1 3114 DETACHD 43
1903 EGAN WAY $1,448,000 3 2.1 2795 DETACHD 5
635 IRON MOUNTAIN BLVD $1,589,000 5 3.1 4736 DETACHD 64
18296 MEADOWLARK LN $1,698,000 5 3.1 5770 DETACHD 84
1460 SKYLAND DR $1,795,000 4 4.1 4760 DETACHD 23
14390 UPLANDS DR $3,888,000 4 4.1 7656 DETACHD 0

SOLD (June 25-July 1, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #4 $205,900 $210,900 2 2 823 CONDO 2
40 OSWEGO SMT / Upper $215,000 $223,000 2 2 1140 CONDO 4
3852 BOTTICELLI ST $279,000 $301,000 3 2 1224 CONDO 2
5055 FOOTHILLS DR B $339,000 $314,500 3 2 1252 CONDO 252
8 BRITTEN CT $399,900 $390,000 2 2 1175 ATTACHD 36
16141 PARKER RD $435,000 $415,000 3 1 1008 DETACHD 24
14796 DAVIS LN $459,900 $455,000 3 2.1 1964 ATTACHD 212
10 CHURCHILL DOWNS $515,000 $497,000 4 3 2080 DETACHD 36
6123 FROST LN $510,000 $500,000 3 2.1 2214 DETACHD 0
14555 SHERBROOK PL $549,900 $550,000 4 2.1 2942 DETACHD 8
4746 AMHERST CT $610,000 $595,000 3 2.1 2985 ATTACHD 310
4007 BRIAN CT $650,000 $638,500 4 2.1 2282 DETACHD 5
1458 GREENTREE CIR $680,000 $650,000 4 2.1 2156 DETACHD 17
17986 SAINT CLAIR DR $725,000 $685,000 4 3 2750 DETACHD 19
5747 VICTORIA CT $694,000 $694,000 4 2.1 2432 DETACHD 28
303 LAKE BAY CT $700,000 $700,000 3 2.1 1563 DETACHD 0
6073 CARMAN DR $729,900 $712,500 3 2.1 2751 DETACHD 210
5676 SUNCREEK DR $919,000 $865,000 4 3.1 3312 DETACHD 32
475 IRON MOUNTAIN BLVD $899,900 $889,900 5 3.1 3254 DETACHD 23
4190 CHAD DR $925,000 $905,000 4 3.1 3818 DETACHD 40
5047 WOODCREST LN $925,000 $931,500 4 3.1 3713 DETACHD 12
4250 LORDS LN $1,278,000 $1,245,000 4 3.1 3516 DETACHD 299
689 G AVE $1,275,000 $1,275,000 4 2.1 3422 DETACHD 3
13740 FIELDING RD $1,495,000 $1,495,000 4 3.1 4471 DETACHD 12
2236 SUMMIT CT $2,200,000 $2,050,000 3 2.1 4066 DETACHD 243

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.

Happy 4th of July!!!

As we celebrate Independence Day, and give thanks for all of the things we love about living in a free society and our beloved community, Dianne and I wish each of you a very happy day with friends and family. Thank you for being here at the Property Blotter with us. May your real estate dreams (and the rest of them!) come true~

Fireworks Spectaculars!

Lake Oswego, for the first time, will have two full-on fireworks displays.

Traditionally the Lake Corporation has hosted the big event. It’s done from a barge in the middle of the lake and it’s pretty special. There’s a guy with a trumpet who plays the National Anthem right before it begins and the sound of that music drifting over the water gives me goose bumps every year. It’s a great show that begins at around 10pm and lasts a good 20-30 minutes.

There has been concern in the past that even though this is a great event, viewing it isn’t so easy if you don’t live on the lake or have an easement on the lake. Because of this the City of Lake Oswego has stepped up and they too are hosting a fireworks display. This display will be set off from the beach at George Roger’s Park. The intent is that viewing will be easy from the park’s upper ball field and also from Millennium Plaza Park. This event is projected to last about 20 minutes.

I’m thinking I want to find a spot between the two and have fireworks in stereo!

Which ever show you choose to go to, enjoy!
Dianne

Market Activity June 18-24, 2018

Sure seems like time is flying! We are already at the end of June and 4th of July is next week. If you are considering a move this summer so that you are settled in time for the start of school at the end of summer, there is still time to make that happen. And if you are thinking of settling here in LO, you’ve got some great houses to choose from. Last week in LO we had 23 new listing come on the market. We also had 19 houses go into pending status and 22 closed/sold sales.

Following is the breakdown for you according to RMLS:

New on the Market (June 18-24, 2018)

Address Type Price BR Baths Sq Ft
4 Touchstone #122 Condo $186,000 2 2 984
237 Cervantes Condo $229,500 2 1.5 1216
149 Oswego Summit Condo $234,000 2 2 1212
452 S State St Condo $294,900 3 1 1659
17839 Tamara Ave Detached $445,000 3 1.5 1562
15008 Twin Fir Rd Detached $494,900 7 2.5+.5+.5+.5 3532
18820 SW 65th Ave Detached $499,900 3 2.5 2268
1039 Spruce St Detached $549,900 3 1.5 1486
5475 Willow Ct Attached $599,000 3 2.5 2438
1179 Larch St Detached $609,900 3 2 3206
4639 Black Forest Ct Detached $665,000 4 2.5 2197
15 Del Prado St Detached $725,000 4 2.5 2185
1731 Woodland Terrace Detached $745,000 4 2.5 2714
3015 Wembley Park Rd Detached $799,000 3 1 2146
927 Oak St Detached $895,000 5 3.5 2864
2013 Ridgewood Rd Detached $901,000 4 2.5 3181
15776 Inverurie Rd Detached $999,000 3 2 2350
4750 Upper Dr Detached $1,289,900 5 3.5 3091
5450 Childs Rd Detached $1,700,000 5 3.5 4114
5450 Childs Rd Lot 2 Detached $1,800,000 4 3.5 3896
260 Iron Mountain Blvd Detached $2,498,000 4 4.5+.5 6048
2896 Lakeview Blvd Detached $2,890,000 5 4.5 4244

Pending Sales (June 18-24, 2018)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #51 Condo $165,000 1 1 620 37
153 Oswego Summit Condo $215,000 2 2 1383 57
3433 McNary Pkwy #501 Condo $225,000 2 2 1136 8
8 Bernini Ct Detached $485,000 3 2 1465 7
4 Adams Ct Detached $497,000 4 2.5 2287 12
14332 Sherbrook Pl Detached $514,900 3 2.5 1770 35
1842 Kilkenny Dr Detached $525,000 3 2 1988 13
45 Aquinas St Detached $699,900 4 2.5 2981 32
14636 Doris Ave Detached $725,000 3 2 2451 2
14322 Edenberry Dr Detached $799,900 4 2.5 2806 9
154 Berwick Rd Detached $839,000 5 3.5 3020 5
17960 Meadowlark Ln Detached $899,000 4 3.5 3400 34
4090 Westbay Rd Detached $924,950 3 2 2078 1
16101 Parelius Circle Detached $995,000 4 3 3974 235
4749 Upper Dr Detached $1,179,000 4 2.5 3285 171
13707 Fielding Rd Detached $1,195,000 4 3 3337 30
18493 Ray Ridge Dr Detached $1,200,000 4 3.5+.5+.5 4367 43
811 Northshore Rd Detached $1,750,000 5 4 4948 2
1810 Northsore Rd Detached $1,850,000 5 3 3553 22

Sold/Closed (June 18-24, 2018)

Address Type List Price Sold Price Sq FT CDOM
322 Cervantes Circle Condo $190,000 $190,000 832 8
44 Eagle Crest Dr #29 Condo $194,500 $194,500 798 5
3672 Spring Ln 4A Condo $329,900 $335,000 1117 7
18543 Don Lee Way Detached $400,000 $405,000 1099 7
110 Kingsgate Rd Detached $424,900 $412,500 1669 68
5465 Childs Rd Detached $450,000 $425,000 1487 40
4 Summit Ridge Ct Attached $440,000 $440,000 1576 14
4144 Sunset Dr Detached $579,000 $580,000 2462 5
4690 Auburn Ln Attached $657,900 $640,000 2750 98
13104 Rogers Rd Detached $699,900 $682,230 2646 1
720 Maple St Detached $699,000 $685,000 3966 56
577 2nd St Condo $750,000 $750,000 1349 0
1128 Lake Shore Rd Detached $799,000 $799,000 1397 22
17503 Cherry Ct Detached $945,000 $900,000 4267 71
940 Cumberland Rd Detached $895,000 $905,000 2992 3
9.5 Hillshire Dr Detached $949,950 $950,000 3735 2
14053 Amberwood Circle Detached $975,000 $980,000 3126 4
3940 Canal Rd Detached $1,050,000 $985,000 3838 69
144 Leonard St Detached $1,095,000 $990,000 3363 26
13597 Rogers Rd Detached $1,149,000 $1,050,000 3945 276
2057 Summit Dr Detached $1,195,000 $1,195,000 4694 105
1515 Glenmorrie Dr Detached $1,532,500 $1,532,500 4312 0

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 ~ May 2018

Happy Summertime!

Here is your look at the most recent data for the entire Portland area (May) and how Lake Oswego fits in to this picture just below:

  • According to the RMLS Market Action Report for the Portland Metro Area, May, 2018:
    • There were 4,665 New Listings in May 2018 which was up 6.3% from May of 2017’s 4,388, and up 16.9% from the previous month/April of 2018’s total of 3,990. ***This was the strongest may for New Listings since 2008 when the number was 5,182.
    • At 2,803, May Closed Sales fell  3.2% from May 2017’s 2,896, and/but were up 11.1% from the previous month/April 2018’s total of 2,523.
    • May’s Pending Sales (accepted offers), at 3,201 dropped 6.8% from May of 2017’s 3,435, but were up 6.4% from the previous month/April 2018’s total of 3,008
    • The Average Sale Price in May of $460,700 was up $20,500 from May 2017’s $440,200, and also up from April 2018’s $452,000 by $8,700.   

Neighborhoods: May’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $418,700              5.7%   (Apr 428,500)
  • NE Portland:  $504,700                   7.0%   (Apr 491,000 )
  • SE Portland:  $404,900                   7.3%   (Apr 422,400)
  • Gresham/Troutdale:   $346,000   10.9%   (Apr 348,400)
  • Milwaukie/Clackamas:  $427,900  8.3%   (Apr 430,200 )
  • Oregon City/Canby:   $435,800      7.4%   (Apr 419,300)
  • Lake Oswego/West Linn:$718,200 7.5%   (Apr 630,500)
  • West Portland:    $603,300             1.2%   (Apr 598,800)
  • NW Wash County:  $564,500          5.0%   (Apr 525,700)
  • Beaverton/Aloha:     $388,700        8.9%   (Apr 394,600)
  • Tigard/Wilsonville:   $471,700        8.8%   (Apr 491,900)
  • Hillsboro/Forest Grove: $397,400  8.4%   (Apr 389,700)

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for the month of May 2018 reported:

    •  341 Active Listings   (Apr 341)
    •  261 New Listings     (Apr 261)
    •  192 Pending Sales  (Apr 192)
    •  154 Closed Sales      (Apr 154)
    • Average Sale Price for May: $718,200  (Apr 630,500)
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month.  Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
    •  63 Average Days on the Market   (Apr 63)