A rare bit of personal whimsy from me on this page~ My Dad had a philosophy about “cheering for the underdog”. I am pretty supportive of great success, so have never really waved this flag high, and am enthusiastic about “big”…as long as it’s Good. 😉 I DO have a long-standing preference for supporting smaller, sometimes family-owned businesses. I married a man who Loves animals, and so founded and runs a natural pet supply store. I like these kinds of people. So, when you work with me, the list of contractors I recommend are people I’ve usually known for some time, are licensed, bonded and trustworthy, and have a history of doing great work for often less than “big” cost. Just musing about that and the origins. ***Support local business!***
Market Activity ~ Sept 3-9, 2018
Greetings Property Blotter readers1
There are 315 homes for sale in Lake Oswego. Last week 18 New properties entered the market, 12 moved to Pending status, and 18 were “Closed”/Sold.
Following is the breakdown for you according to RMLS:
NEW on Mkt (Sep 3-9, 2018)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 3668 SPRING LN/Upper | $284,900 | 2 | 2 | 1117 | CONDO |
| 4433 THUNDER VISTA LN/Grnd | $370,000 | 3 | 2.1 | 2002 | CONDO |
| 5305 KENNY ST | $425,000 | 3 | 1 | 1170 | DETACHD |
| 391 LIVINGOOD LN | $540,000 | 5 | 3 | 3872 | DETACHD |
| 13422 AUBURN CT | $639,698 | 3 | 2.1 | 2612 | ATTACHD |
| 38 BRIARWOOD RD | $800,000 | 7 | 2.2 | 2554 | DETACHD |
| 13459 PROVINCIAL HILL WAY | $819,900 | 3 | 2.1 | 2896 | DETACHD |
| 1041 CHANDLER RD | $899,000 | 3 | 2 | 1696 | DETACHD |
| 161 FURNACE ST/Main | $950,000 | 2 | 2 | 2134 | CONDO |
| 4105 PFEIFER CT | $989,000 | 5 | 2.1 | 4176 | DETACHD |
| 548 4TH ST | $1,195,000 | 3 | 4.1 | 3186 | TOWNHSE |
| 13659 WESTLAKE DR | $1,350,000 | 4 | 3.1 | 4274 | DETACHD |
| 2148 SUMMIT DR | $1,495,000 | 5 | 2.1 | 3883 | DETACHD |
| 3123 DOUGLAS CIR | $1,549,000 | 4 | 3.1 | 3664 | DETACHD |
| 3177 STONEBRIDGE WAY | $1,598,000 | 4 | 4.2 | 5097 | DETACHD |
| 3817 UPPER DR | $1,629,000 | 4 | 3.1 | 4246 | DETACHD |
| 1978 EGAN WAY | $1,698,000 | 4 | 5.2 | 6761 | DETACHD |
| 1527 LAKE FRONT RD | $5,295,000 | 5 | 6.1 | 7220 | DETACHD |
PENDING SALES (Sep 3-9, 2018)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 15938 QUARRY RD A1 | $219,900 | 2 | 1 | 996 | CONDO | 3 |
| 210 S STATE ST #7 | $299,400 | 3 | 2 | 1284 | CONDO | 125 |
| 40 WHEATHERSTONE | $429,000 | 3 | 2.1 | 1692 | CONDO | 35 |
| 19071 LONGFELLOW AVE | $465,000 | 3 | 1 | 1152 | DETACHD | 95 |
| 17797 OVERLOOK CIR | $499,900 | 4 | 2.1 | 2908 | DETACHD | 71 |
| 18421 INDIAN CREEK DR | $515,000 | 3 | 2 | 1836 | DETACHD | 4 |
| 17226 TUALATIN ST | $629,000 | 4 | 2.1 | 1984 | DETACHD | 102 |
| 5668 VICTORIA CT | $729,000 | 4 | 2.1 | 3024 | DETACHD | 5 |
| 13822 MELROSE PL | $995,000 | 4 | 3.1 | 3529 | DETACHD | 51 |
| 624 ATWATER RD | $1,250,000 | 5 | 3.1 | 4463 | DETACHD | 4 |
| 4287 HAVEN ST | $1,299,950 | 4 | 3.1 | 4007 | DETACHD | 56 |
| 18284 MEADOWLARK LN | $1,375,000 | 5 | 5.1 | 5425 | DETACHD | 3 |
SOLD (Sep 3-9, 2018)
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 4 TOUCHSTONE #122 | $186,000 | $169,200 | 2 | 2 | 984 | CONDO | 44 |
| 47 EAGLE CREST DRbb#15 | $185,000 | $182,000 | 2 | 1 | 1009 | CONDO | 8 |
| 209 OSWEGO SMT / Upper | $250,000 | $245,000 | 2 | 2 | 1383 | CONDO | 27 |
| 12868 BOONES FERRY RD | $399,900 | $385,500 | 2 | 2.1 | 1136 | CONDO | 63 |
| 4862 INDIAN CREEK CT | $499,990 | $499,990 | 3 | 2 | 1390 | DETACHD | 45 |
| 3585 LAKE GROVE AVE | $550,000 | $545,000 | 4 | 2 | 1575 | DETACHD | 46 |
| 26 PARTRIDGE LN | $550,000 | $550,000 | 4 | 3 | 2464 | DETACHD | 4 |
| 31 WESTRIDGE DR | $619,000 | $641,500 | 5 | 2.1 | 3492 | DETACHD | 5 |
| 18028 WESTMINSTER DR | $805,000 | $670,000 | 4 | 3.1 | 4501 | DETACHD | 116 |
| 1445 GREENTREE CIR | $675,000 | $675,000 | 4 | 3 | 2842 | DETACHD | 37 |
| 13984 CHELSEA DR | $849,000 | $807,500 | 4 | 2.1 | 3216 | DETACHD | 86 |
| 17851 WESTVIEW DR | $869,000 | $840,000 | 4 | 3.1 | 3433 | DETACHD | 146 |
| 927 OAK ST | $895,000 | $875,000 | 5 | 3.1 | 2864 | DETACHD | 50 |
| 17637 WOODHURST PL | $949,500 | $925,000 | 5 | 3.2 | 4833 | DETACHD | 104 |
| 18955 BRYANT RD | $998,900 | $975,000 | 4 | 2.1 | 3647 | DETACHD | 73 |
| 13857 AMBERWOOD CIR | $995,000 | $980,000 | 4 | 2.1 | 3916 | DETACHD | 7 |
| 2107 GOODALL CT | $1,079,000 | $1,000,000 | 4 | 3 | 3029 | DETACHD | 82 |
| 13910 STAMPHER RD | $1,950,000 | $1,750,000 | 4 | 3.1 | 4488 | DETACHD | 35 |
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.
Get your new Passport right here in LO
Did you know that you can get a passport here in LO at City Hall? Talk about convenient! The city has put out this announcement:
Planning a vacation abroad? The City, a designated official Passport Acceptance Facility, has expanded its passport hours – making it easier to get a passport! Passport services are now available Monday, Tuesday, Thursday and Friday from 8 a.m. to 3:30 p.m. (closed Wednesdays), at City Hall, 380 A Avenue – 1st floor. Forms and other important information can be found online at www.lakeoswego.city/finance/passport-service-city-hall.
It can take up to six weeks to process a passport application, so it is important to start the process early.
Contact the Finance Department at 503-635-0260, for more information.
One more great thing about this town!
Market Activity Aug 27-Sept 2, 2018
I think I detected the nip of fall in the air this morning. This is such a beautiful time of year in Oregon. September is hard to beat! The market was slightly slower last week but still lots going on. There were 14 new listings, 16 houses that went into pending status, and 10 sold/closed sales.
Following is the breakdown for you according to RMLS:
New on the Market (Aug 27-Sept 2, 2018)
| Address | Type | Price | BR | Baths | Sq Ft |
| 4041 Jefferson Pkwy | Condo | $279,900 | 1 | 1.5 | 1060 |
| 5225 Jean Rd #513 | Condo | $315,000 | 3 | 2 | 1400 |
| 1418 Boca Ratan Dr | Townhouse | $375,000 | 4 | 2 | 1611 |
| 3942 Carman Dr #3942 | Condo | $399,000 | 3 | 2.5 | 1354 |
| 1033 Hallinan St | Detached | $419,900 | 3 | 1 | 936 |
| 18421 Indian Creek Dr | Detached | $515,000 | 3 | 2 | 1836 |
| 1565 Meadows Dr | Detached | $540,000 | 3 | 2.5 | 2508 |
| 18 Grouse Terr | Detached | $565,000 | 4 | 2.5 | 2631 |
| 6122 Carman Dr | Detached | $575,000 | 4 | 2 | 1508 |
| 1550 Bedford Ct | Detached | $649,000 | 2 | 2.5 | 2359 |
| 4188 Cobb Way | Detached | $649,900 | 6 | 3 | 2586 |
| 2981 Vale Ct | Detached | $748,900 | 4 | 2.5 | 3516 |
| 5959 Suncreek Dr | Detached | $819,900 | 4 | 2.5 | 3315 |
| 19666 Canal Rd | Detached | $1,195,000 | 6 | 3.5 | 3900 |
Pending Sales (Aug 27-Sept 2, 2018)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 17566 Blue Heron Ct | Detached | Auction | 4 | 3 | 3412 | 21 |
| 100 Kerr Pkwy #44 | Condo | $190,000 | 2 | 1.5 | 823 | 9 |
| 16250 Pacific Hwy #47 | Condo | $225,000 | 2 | 1 | 1305 | 9 |
| 9 Oriole Ln | Detached | $411,000 | 3 | 3 | 1928 | 159 |
| 4366 Woodside Circle | Attached | $437,500 | 3 | 2.5 | 1963 | 47 |
| 18807 Kristi Way | Detached | $499,000 | 3 | 2 | 1256 | 6 |
| 17141 Hofer Ct | Detached | $515,000 | 2 | 2.5 | 2076 | 5 |
| 540 6th St | Detached | $575,000 | 3 | 1 | 748 | 0 |
| 13220 Thoma Rd | Detached | $599,000 | 3 | 2 | 2208 | 3 |
| 6150 Kenny St | Detached | $625,000 | 3 | 2.5 | 2070 | 8 |
| 3413 Royce Way | Detached | $628,000 | 3 | 2.5 | 2753 | 236 |
| 17790 Overlook Circle | Detached | $629,900 | 3 | 3 | 3480 | 97 |
| 14495 Pfeifer Dr | Detached | $739,500 | 4 | 2.5 | 3732 | 7 |
| 630 9th St | Detached | $799,000 | 4 | 3 | 2576 | 99 |
| 13391 Steamside Ct | Detached | $985,000 | 4 | 3.5 | 3601 | 18 |
| 2896 Lakeview Blvd | Detached | $2,890,000 | 5 | 4.5 | 4244 | 74 |
Sold/Closed (Aug 27-Sept 2, 2018)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 520 State St 5B | Condo | $243,000 | $235,000 | 914 | 106 |
| 18609 Kristi Way | Detached | $439,999 | $435,000 | 1154 | 15 |
| 1714 Greentree Rd | Detached | $575,000 | $539,000 | 3110 | 167 |
| 1699 Parrish St | Detached | $550,000 | $550,000 | 1820 | 4 |
| 3615 Upper Dr | Detached | $585,000 | $595,000 | 1529 | 3 |
| 605 Country Club Rd | Detached | $689,000 | $635,000 | 3422 | 60 |
| 4693 Lakeview Blvd | Detached | $624,990 | $678,500 | 2021 | 2 |
| 6072 Clairmont Ct | Detached | $725,000 | $695,000 | 2653 | 45 |
| 13348 Leslie Ct | Detached | $1,200,000 | $1,150,000 | 3863 | 40 |
| 140 Berwick Rd | Detached | $1,295,000 | $1,269,500 | 3114 | 43 |
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.
Tips & Tidbits ~ Contract Timelines
* Make sure to pay attention to timelines in the contract.
I’ve talked about these things herein before, but I think it was a few years back, so here’s a refresher~
Buyers: For instance: The typical scenario is 10 business-days for Inspections. In this situation I try to schedule any Inspections sooner rather than later so as to give time for thought on the Buyers’part, and/or additional Inspections or estimates for any repairs. You need to keep in mind that any repairs need to be negotiated *prior* to 5PM on that last business day of your Inspection Period. If you are the Buyer, don’t wait till the last second to approach these issues with the Seller (i.e with your Realtor). Once you pass the 5PM deadline, if you’ve done so without negotiating repairs, you’re moving forward without repairs ; )
Another example is the Closing Date– The Closing Date in the contract is an “On or Before” date. If you are the Buyer in a transaction, and the Lender tells you at the last minute that they’re not going to make that date and says “Oh, just extend the Closing Date”, you can indeed to that with an Addendum… IF THE SELLER ALSO AGREES IN WRITING. Keep in mind that its always possible that the Seller has received a verbal or other Offer higher than yours during the process that might be tempting, or that their timeline may be “do or die” because of how the dominoes fall on their end (moving van schedules, Closing on another transaction, etc). So…Usually people will agree to this, but as the Buyer, your Earnest Money is on the line if you do not meet your agree-upon timelines.
The same goes for Sellers– You must deliver Possession on the date and time agreed, for instance.
If a Buyer sends you a Repair Addendum and you do not respond by close to 5PM on the 10th business day (well before that would be recommended : ) your Buyer could misinterpret your lack of response as a signal that you are pushing them beyond where they’re comfortable and leaving them with repairs they do not want to take on. They may pull their Offer so as to protect themselves. That would not be good.
As in all things, just proceed with Good Faith! And in a home-selling/buying situation, abide by the timelines and you’ll be fine!
Market Activity ~ Aug 20-26, 2018
Summer is indeed winding down. There are, however, plenty of great homes out there and lots of activity. Right at this moment there are 299 homes for sale in Lake Oswego. Last week 13 New properties entered the market, 21 moved to Pending status, and 16 were “Closed”/Sold.
Following is the breakdown for you according to RMLS:
NEW on Mkt (Aug 20-26, 2018)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 86 KINGSGATE RD G202 | $179,500 | 2 | 2 | 849 | CONDO |
| 100 KERR PKWY #44 | $190,000 | 2 | 1.1 | 823 | CONDO |
| 45 EAGLE CREST DR #413 | $204,900 | 2 | 1.1 | 1056 | CONDO |
| 4417 THUNDER VISTA LN | $325,000 | 2 | 2.1 | 2002 | CONDO |
| 1710 ASPEN CT | $439,900 | 3 | 2 | 1437 | DETACHD |
| 4301 COLLINS WAY | $519,000 | 3 | 2 | 1617 | DETACHD |
| 6187 FROST LN | $564,900 | 4 | 2.1 | 2149 | DETACHD |
| 6150 KENNY ST | $625,000 | 3 | 2.1 | 2070 | DETACHD |
| 5311 CHILDS RD | $719,000 | 4 | 3 | 1929 | DETACHD |
| 14495 PFEIFER DR | $739,500 | 4 | 2.1 | 3732 | DETACHD |
| 5 JUAREZ ST | $749,000 | 5 | 3.1 | 4393 | DETACHD |
| 3487 LAKE GROVE AVE | $1,275,000 | 4 | 3.1 | 3473 | DETACHD |
| 862 CEDAR ST | $1,365,000 | 4 | 3.1 | 3914 | DETACHD |
PENDING SALES (Aug 20-26, 2018)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 100 KERR PKWY #31 | $159,000 | 1 | 1 | 618 | CONDO | 12 |
| 4000 CARMAN DR E74 | $204,888 | 2 | 2 | 836 | CONDO | 56 |
| 4000 CARMAN DR A10 | $209,900 | 2 | 2 | 836 | CONDO | 51 |
| 39 OSWEGO SMT / Grnd | $220,000 | 2 | 2 | 1212 | CONDO | 71 |
| 44 EAGLE CREST DR #22 | $222,900 | 3 | 2 | 1085 | CONDO | 39 |
| 4000 CARMAN DR #50 | $239,000 | 1 | 1 | 890 | CONDO | 140 |
| 213 OSWEGO SMT | $245,000 | 2 | 2 | 1383 | CONDO | 15 |
| 12848 BOONES FERRY RD | $389,900 | 2 | 2.1 | 1182 | CONDO | 34 |
| 6291 HARRINGTON AVE | $425,000 | 3 | 2 | 1472 | DETACHD | 6 |
| 1651 WOODLAND TER | $445,000 | 5 | 3 | 2737 | DETACHD | 35 |
| 507 ASH ST | $449,500 | 4 | 3 | 4666 | DETACHD | 206 |
| 5228 BONITA RD | $485,000 | 3 | 2 | 1310 | DETACHD | 6 |
| 17590 BLUE HERON RD | $499,900 | 4 | 2.1 | 2160 | DETACHD | 3 |
| 17143 REBECCA LN | $529,000 | 3 | 2.1 | 1943 | DETACHD | 45 |
| 5475 WILLOW CT | $549,000 | 3 | 2.1 | 2438 | ATTACHD | 63 |
| 17310 CANYON DR | $550,000 | 5 | 3 | 2716 | DETACHD | 82 |
| 1400 LEE ST | $579,900 | 5 | 3 | 2840 | DETACHD | 62 |
| 3075 ROYCE WAY | $775,000 | 4 | 3.1 | 3724 | DETACHD | 125 |
| 650 1ST ST | $1,150,000 | 3 | 2.1 | 2767 | CONDO | 24 |
| 1828 EGAN WAY | $1,195,000 | 3 | 2.1 | 3779 | DETACHD | 340 |
| 1175 WESTWARD HO RD | $1,599,900 | 3 | 3.1 | 3547 | DETACHD | 38 |
SOLD (Aug 20-26, 2018)
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 100 KERR PKWY #5 | $159,000 | $149,000 | 1 | 1 | 617 | CONDO | 59 |
| 4 TOUCHSTONE #99 | $210,000 | $205,000 | 2 | 2 | 984 | CONDO | 25 |
| 4000 CARMAN DR C 49 | $327,995 | $300,000 | 2 | 1.1 | 1004 | CONDO | 61 |
| 45 GREENRIDGE CT | $394,900 | $394,900 | 3 | 2.1 | 1645 | TOWNHSE | 36 |
| 6137 Childs RD | $399,900 | $421,000 | 3 | 1 | 946 | DETACHD | 6 |
| 15451 Tanager DR | $577,000 | $569,000 | 2 | 2 | 1970 | DETACHD | 7 |
| 5564 BONITA RD | $649,000 | $603,500 | 3 | 2.1 | 2435 | DETACHD | 71 |
| 1911 WOODLAND TER | $650,000 | $655,000 | 3 | 2.1 | 2060 | DETACHD | 3 |
| 12777 SIERRA VISTA DR | $699,000 | $670,000 | 4 | 2.1 | 3144 | DETACHD | 108 |
| 220 4TH ST | $649,000 | $687,250 | 3 | 2 | 1840 | DETACHD | 6 |
| 1159 BAYBERRY RD | $949,000 | $887,500 | 4 | 2.1 | 2508 | DETACHD | 26 |
| 2949 WESTVIEW CIR | $989,900 | $980,000 | 4 | 3 | 3326 | DETACHD | 35 |
| 820 FAIRWAY RD | $1,224,000 | $1,195,000 | 4 | 3.1 | 3758 | DETACHD | 36 |
| 18262 MEADOWLARK LN | $1,398,800 | $1,312,888 | 5 | 3.1 | 4757 | DETACHD | 67 |
| 629 Middlecrest RD | $1,449,000 | $1,325,000 | 4 | 4 | 3575 | DETACHD | 85 |
| 893 CEDAR ST | $1,375,000 | $1,335,000 | 4 | 3.1 | 3740 | DETACHD | 182 |
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.
Home Warranties
It is extremely common for home warranties to become part of a purchase agreement in the sale of a house. There is a section of the OREF (Oregon Real Estate Forms) that asks if a warranty will be included in the sale, at what price, and who will pay for it. I like to council my clients that the time to think about a warranty is before you are signing paperwork. Do a little leg work now so that you can know if you want a warranty and which warranty your prefer.
There are numerous companies that offer warranties. By far the big dog in the field is American Home Shield. I don’t know whether they are the oldest company, but they are certainly the largest. Having said that, their warranty may not be your top choice. You won’t know without doing some research.
Different companies offer different coverage. I’m going to start by saying that warranties generally cover the “mechanical” aspects of a house. Think things that involve a power source. This would be things like the hot water heater and the dishwasher. They generally don’t cover “structural” aspects of a house. This would be things like the roof and the foundation.
The coverage is paid for at closing, in a lump sum. It lasts for 365 days from the date of closing. When you go to use the warranty you call an 800 number to place a work order. The warranty company then sends out a local contractor that they have in their network (you don’t get to choose the contractor). To get them to show up at your door you pay a service call fee (usually about $60-$80). That’s it. They do the repair and your cost is mostly limited to the cost of the service call fee.
I have heard that warranties are used on average a little over two times per warranty. If you have one, you are very, very likely to use it.
I think all companies have a basic package that you can then add options to. Most start at a price around $350, although there is a good warranty out there for $295 that I recently saw. I think the big differences in the pricing has to do with how appliances are covered and limitations to coverage. For instance, many don’t cover the washer, dryer, and refrigerator. Those have to be added on as options. Some will cover the furnace but only up to $1500. This is why you want to do your research now.
Now is the part where I get to tell you my story. I bought my home and the seller bought me a home warranty. It was from a National company that was well known. I had two occasions to use it and my conclusion from my experience was that the warranty company was very motivated to fix problems, but not to buy me new stuff. I bought an older home with older elements. I knew from my home inspection that the dishwasher was pretty much shot. The seals around the door were all cracked from wear and age. The darn thing couldn’t be run without water leaking all over the floor. I called the warranty company and they sent out a contractor who did a proposal to spend about $300 on installing new seals. This was on an ancient dishwasher that hadn’t run a full cycle in quite some time. I suggested it was a waste of money to put a band aid on that old thing. That lead to a proposal from the warranty company that I could apply the $300 towards a new dishwasher, which I did. I paid the difference and I got a new dishwasher. I was happy with this solution. My second use of the warranty was for my furnace, which was also extremely old. It quit working, I called the warranty company, the furnace was repaired. It took perhaps 5-6 weeks for it to quit working again. I called the warranty company, it was repaired, winter came to an end and my warranty expired. The next winter the furnace went out again. This time I called an HVAC company of my choice and when they came out they red tagged the furnace and told me it wasn’t safe to operate. I bought a new furnace. In hindsight, I should have called the warranty company for that second repair, but I should have also paid my own HVAC company for their opinion. I think if I had done that I would have been able to use my warranty towards my new furnace. Live and learn, right?
I do think warranties are an excellent option when you buy a house. The purchase of a house is expensive and a warranty will give you some peace of mind that you’ll be financially able to manage the house a little more easily during that first year of ownership.
At the end of the first year you will be given the option to renew the warranty. I have had clients who do this every year for years and years. They love their warranties!
Here is a link to ConsumersAdvocate.org and their list of the 10 best warranties for 2018. Within their website they have links to the various warranties along with phone numbers to call and ask questions. Do your research now. Get the best warranty for your circumstance. To go to ConsumersAdvocate.org click here.
As always, thanks for reading!
Dianne
Market Activity Aug 13-19, 2018
We are having a very consistent late summer market. Numbers this week are very similar to those of two weeks ago, the last time I did this report. Last week in Lake Oswego we had 17 new listings, 24 houses go into pending status, and 21 closed/sold properties.
Following is the breakdown for you according to RMLS:
New on the Market (Aug 13-19, 2018)
| Address | Type | Price | BR | Baths | Sq Ft |
| 100 Kerr Pkwy #47 | Condo | $170,000 | 1 | 1 | 617 |
| 668 McVey Ave #10 | Condo | $375,000 | 3 | 1.5 | 992 |
| 4514 Lower Dr B3 | Condo | $424,900 | 2 | 2.5 | 1644 |
| 4674 Rembrandt Ln | Detached | $429,000 | 3 | 2.5 | 1561 |
| 5228 Bonita Rd | Detached | $485,000 | 3 | 2 | 1310 |
| 17721 Arbor Ln | Detached | $524,700 | 3 | 2 | 1479 |
| 1280 Hallinan St | Detached | $549,000 | 3 | 2 | 1500 |
| 17381 Banyon Ln | Detached | $579,900 | 4 | 3 | 1936 |
| 10 Partridge Ln | Detached | $599,000 | 4 | 3 | 3528 |
| 145 Del Prado St | Detached | $624,989 | 3 | 2 | 2137 |
| 979 Devon Ln | Detached | $630,000 | 3 | 2.5 | 2162 |
| 91 Tanglewood Dr | Detached | $637,500 | 3 | 2.5+.5 | 3156 |
| 162 Berwick Rd | Detached | $850,000 | 2 | 2 | 2025 |
| 13391 Streamside Ct | Detached | $985,000 | 4 | 3.5 | 3601 |
| 3115 Douglas Circle | Detached | $1,650,000 | 5 | 4.5+.5 | 4592 |
| 1715 Edgecliff Terrace | Detached | $2,150,000 | 4 | 4.5+.5 | |
| 13430 Fielding Rd | Detached | $2,795,000 | 4 | 3.5 | 4376 |
Pending Sales (Aug 13-19, 2018)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 482 S State S | Condo | $281,900 | 3 | 1 | 1659 | 397 |
| 104 Greenridge Ct | Attached | $385,000 | 3 | 2 | 1728 | 3 |
| 668 McVey Ave #58 | Condo | $415,000 | 3 | 1.5 | 992 | 92 |
| 240 Greenridge Dr | Attached | $425,000 | 3 | 2 | 1514 | 4 |
| 72 Weatherstone | Condo | $439,900 | 3 | 3.5 | 2465 | 5 |
| 668 McVey Ave #31 | Condo | $499,900 | 3 | 1.5 | 992 | 3 |
| 17797 Overlook Circle | Detached | $534,900 | 4 | 2.5 | 2908 | 52 |
| 1459 Greentree Circle | Detached | $580,000 | 3 | 2 | 1716 | 29 |
| 2340 Oakhurst Ln | Detached | $625,000 | 3 | 2.5 | 2860 | 15 |
| 2941 Orchard Hill Pl | Detached | $649,000 | 5 | 3.5 | 3446 | 97 |
| 16942 Canal Circle | Detached | $675,000 | 3 | 2 | 1551 | 6 |
| 18000 Westminster Dr | Detached | $680,000 | 4 | 2.5 | 2679 | 101 |
| 2719 Greentree Rd | Detached | $689,000 | 5 | 3.5 | 3886 | 3 |
| 5555 Fieldstone Ct | Detached | $699,900 | 4 | 2.5 | 2712 | 36 |
| 13000 Rogers Rd | Detached | $699,900 | 3 | 2.5 | 3252 | 83 |
| 17596 Oak Meadow Ln | Detached | $789,000 | 3 | 2.5 | 2844 | 1 |
| 725 10th St | Detached | $795,000 | 3 | 2 | 2016 | 13 |
| 13978 Westcott Ct | Detached | $899,000 | 4 | 3 | 3267 | 199 |
| 17637 Woodhurst Pl | Detached | $925,000 | 5 | 3.5+.5 | 4833 | 104 |
| 14117 Barrington Ct | Detached | $1,095,000 | 4 | 3 | 3503 | 37 |
| 418 Northshore Rd | Detached | $1,098,000 | 4 | 2 | 2838 | 190 |
| 17344 Cedar Rd | Detached | $1,699,000 | 5 | 2.5 | 2831 | 27 |
| 260 Iron Mountain Blvd | Detached | $2,498,000 | 4 | 4.5+.5 | 6048 | 802 |
| 612 Ridgeway Rd | Detached | $2,598,000 | 4 | 4.5 | 4106 | 397 |
Sold/Closed (Aug 13-19, 2018)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 16250 Pacific Hwy #81 | Condo | $199,000 | $196,500 | 841 | 3 |
| 86 Kingsgate Rd H203 | Condo | $215,000 | $213,000 | 849 | 25 |
| 74 Oswego Summit | Condo | $225,000 | $225,000 | 1140 | 3 |
| 3876 Botticelli St | Condo | $285,000 | $295,000 | 1124 | 4 |
| 100 Greenridge Ct | Townhouse | $365,000 | $365,000 | 2004 | 2 |
| 5110 Carman Dr | Detached | $423,900 | $449,000 | 1407 | 4 |
| 4235 Douglas Way | Detached | $459,000 | $465,000 | 1479 | 4 |
| 19019 Terry Ave | Detached | $489,900 | $494,000 | 1412 | 27 |
| 8 Grouse Terrace | Detached | $559,000 | $545,000 | 2658 | 59 |
| 672 1st St | Condo | $679,900 | $675,000 | 1986 | 40 |
| 5693 Victoria Ct | Detached | $705,000 | $705,000 | 3540 | 0 |
| 1731 Woodland Terr | Detached | $745,000 | $715,000 | 2714 | 11 |
| 15 Del Prado St | Detached | $725,000 | $740,000 | 2185 | 8 |
| 17453 Oak Meadow Ln | Detached | $799,990 | $790,000 | 3294 | 8 |
| 17668 Woodhurst Pl | Detached | $895,000 | $840,000 | 4281 | 72 |
| 4933 Lakeview Blvd | Detached | $908,000 | $870,000 | 3988 | 195 |
| 19320 Lorna Ln | Detached | $1,149,000 | $1,050,000 | 4192 | 134 |
| 2965 Tolkien Ln | Detached | $1,159,000 | $1,159,000 | 4337 | 0 |
| 635 Iron Mountain Blvd | Detached | $1,589,000 | $1,525,000 | 4736 | 64 |
| 1460 Skyland Dr | Detached | $1,795,000 | $1,780,000 | 4760 | 23 |
| 951 Westpoint Rd | Detached | $3,865,000 | $3,800,000 | 4144 | 520 |
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 ~ July 2018
Activity overall is mixed in the Portland area in relation to 2017, and the general consensus is that the market is leveling out a bit.
Here is your look at the most recent data for the entire Portland area (July) and how Lake Oswego fits in to this picture just below:
- According to the RMLS Market Action Report for the Portland Metro Area, July, 2018:
- There were 4,312 New Listings in July 2018 which was up 2.6% from July of 2017’s 4,202, and down 4.5% from the previous month/June of 2018’s total of 4,515.
- At 2,736, July Closed Sales fell 2.0% from July 2017’s 2,793, and/but were also down 7.1 % from the previous month/June 2018’s total of 2,946.
- July’s Pending Sales (accepted offers), at 3,071 were up slightly at 1.0% from July of 2017’s 3,040, and were also up 0.4% from the previous month/June 2018’s total of 3,059.
- The Average Sale Price in July of $455,100 was up $7,700 from July 2017’s $447,400, and down from the previous month/June 2018’s $472,400 by $17,300.
Neighborhoods: July’s Average Sale Price + 12-month Appreciation :
- North Portland: $415,900 6.7% (June 430,100)
- NE Portland: $467,400 4.8% (June 490,000 )
- SE Portland: $425,400 6.9% (June 443,600)
- Gresham/Troutdale: $361,500 10.5% (June 357,900)
- Milwaukie/Clackamas: $427,400 5.5% (June 434,100 )
- Oregon City/Canby: $439,400 7.4% (June 434,100)
- Lake Oswego/West Linn:$689,700 6.3% (June 685,700)
- West Portland: $591,000 1.4% (June 635,600)
- NW Wash County: $552,500 4.5% (June 572,200)
- Beaverton/Aloha: $383,600 7.9% (June 400,100 )
- Tigard/Wilsonville: $452,700 8.6% (June 481,500 )
- Hillsboro/Forest Grove: $403,100 8.5% (June 409,900)
LAKE OSWEGO:
The combined areas of Lake Oswego and West Linn for the month of July 2018 reported:
-
- 498 Active Listings (June 341)
- 269 New Listings (June 261)
- 164 Pending Sales (June 192)
- 153 Closed Sales (June 154)
- Average Sale Price for July: $689,700 (June 685,700)
- 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.
- 53 Average Days on the Market (June 52)
Market Activity ~ Aug 6-12, 2018
Last week 26 New properties entered the market in Lake Oswego, 32 moved to Pending status, and 19 were “Closed”/Sold.
Following is the breakdown for you according to RMLS:
NEW on Mkt (Aug 6-12, 2018)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 100 KERR PKWY #31 | $159,000 | 1 | 1 | 618 | CONDO |
| 92 GALEN ST / Upper | $189,000 | 1 | 1 | 689 | CONDO |
| 104 OSWEGO SMT #104 | $195,000 | 1 | 1 | 764 | CONDO |
| 4 TOUCHSTONE #113 | $229,000 | 2 | 2 | 984 | CONDO |
| 213 OSWEGO SMT / Upper | $245,000 | 2 | 2 | 1383 | CONDO |
| 3808 BOTTICELLI ST | $274,500 | 3 | 2 | 1224 | CONDO |
| 247 CERVANTES / Upper | $320,000 | 2 | 2 | 1384 | CONDO |
| 104 GREENRIDGE CT | $385,000 | 3 | 2 | 1728 | ATTACHD |
| 240 GREENRIDGE DR | $425,000 | 3 | 2 | 1514 | ATTACHD |
| 72 WHEATHERSTONE | $439,900 | 3 | 3.1 | 2465 | CONDO |
| 7 SUMMIT RIDGE CT | $445,000 | 2 | 2.1 | 1704 | ATTACHD |
| 110 KINGSGATE RD | $499,900 | 3 | 2.1 | 1669 | DETACHD |
| 5105 ROSEWOOD ST | $549,900 | 4 | 2 | 1848 | DETACHD |
| 16942 CANAL CIR | $675,000 | 3 | 2 | 1551 | DETACHD |
| 2719 GREENTREE RD | $689,000 | 5 | 3.1 | 3886 | DETACHD |
| 17436 Wren CT | $715,000 | 3 | 3 | 2311 | DETACHD |
| 1830 CLOVERLEAF RD | $729,000 | 3 | 2.1 | 1857 | DETACHD |
| 18238 TAMAWAY DR | $729,900 | 5 | 3 | 5504 | DETACHD |
| 17401 UPPER CHERRY LN | $750,000 | 4 | 3.1 | 3791 | DETACHD |
| 725 10TH ST | $795,000 | 3 | 2 | 2016 | DETACHD |
| 17323 LAKE HAVEN DR | $799,000 | 3 | 2.1 | 1897 | DETACHD |
| 19413 LORNA LN | $1,099,000 | 3 | 2.1 | 3838 | DETACHD |
| 18650 STAFFORD RD | $1,100,000 | 4 | 2.1 | 2840 | DETACHD |
| 35 HIDALGO ST | $1,100,000 | 3 | 3.1 | 3926 | DETACHD |
| 1099 TERRACE DR | $1,749,000 | 5 | 4.1 | 4965 | DETACHD |
| 17566 BLUE HERON CT | AUCTION | 4 | 3 | 3412 | DETACHD |
PENDING SALES (Aug 6-12, 2018)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 100 KERR PKWY #30 | $166,500 | 1 | 1 | 617 | CONDO | 6 |
| 92 OSWEGO SMT #92 | $175,000 | 1 | 1 | 764 | CONDO | 2 |
| 86 KINGSGATE RD H203 | $215,000 | 2 | 2 | 849 | CONDO | 25 |
| 109 OSWEGO SMT / Upper | $234,900 | 2 | 2 | 1212 | CONDO | 4 |
| 209 OSWEGO SMT / Upper | $250,000 | 2 | 2 | 1383 | CONDO | 27 |
| 203 CERVANTES / Upper | $280,000 | 2 | 2 | 1100 | CONDO | 28 |
| 750 1ST ST A-10 | $289,900 | 2 | 2 | 1350 | CONDO | 11 |
| 4000 CARMAN DR C-49 | $297,500 | 2 | 1.1 | 1004 | CONDO | 61 |
| 5225 JEAN RD #501 | $349,900 | 3 | 2 | 1500 | CONDO | 6 |
| 1218 LAUREL ST | $419,000 | 4 | 2 | 1485 | DETACHD | 24 |
| 4837 REDWING WAY | $429,900 | 3 | 1.1 | 1180 | DETACHD | 3 |
| 4366 WOODSIDE CIR | $437,500 | 3 | 2.1 | 1963 | ATTACHD | 26 |
| 1115 OAK TER | $498,000 | 4 | 2.1 | 1880 | DETACHD | 12 |
| 4862 INDIAN CREEK CT | $499,990 | 3 | 2 | 1390 | DETACHD | 45 |
| 26 PARTRIDGE LN | $550,000 | 4 | 3 | 2464 | DETACHD | 4 |
| 775 BOCA RATAN DR | $550,000 | 4 | 3.1 | 2710 | DETACHD | 74 |
| 553 6TH ST | $579,000 | 1 | 1 | 1876 | DETACHD | 1 |
| 31 WESTRIDGE DR | $619,000 | 5 | 2.1 | 3492 | DETACHD | 5 |
| 2401 HILLSIDE DR | $649,900 | 4 | 3 | 3342 | DETACHD | 15 |
| 1435 GREENTREE CIR | $650,000 | 4 | 2.1 | 2269 | DETACHD | 2 |
| 1445 GREENTREE CIR | $675,000 | 4 | 3 | 2842 | DETACHD | 37 |
| 13984 CHELSEA DR | $824,900 | 4 | 2.1 | 3216 | DETACHD | 86 |
| 17851 WESTVIEW DR | $848,000 | 4 | 3.1 | 3433 | DETACHD | 146 |
| 13188 TWIN CREEK CT | $859,000 | 4 | 2.1 | 3480 | DETACHD | 20 |
| 927 OAK ST | $875,000 | 5 | 3.1 | 2864 | DETACHD | 50 |
| 16987 ALDER CIR | $879,000 | 2 | 2.1 | 1991 | DETACHD | 274 |
| 17660 STAFFORD RD | $975,000 | 5 | 3.1 | 3313 | DETACHD | 0 |
| 13857 AMBERWOOD CIR | $995,000 | 4 | 2.1 | 3916 | DETACHD | 7 |
| 1563 BAY VIEW LN | $1,098,000 | 5 | 4.1 | 5615 | DETACHD | 396 |
| 817 HOODVIEW LN | $1,369,000 | 5 | 4 | 4141 | DETACHD | 1050 |
| 1056 BAYBERRY RD | $1,549,000 | 4 | 4 | 3805 | DETACHD | 124 |
| 17210 CEDAR RD | $2,095,000 | 4 | 3 | 2813 | DETACHD | 40 |
SOLD (Aug 6-12, 2018)
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 86 KINGSGATE RD D103 | $222,900 | $223,000 | 2 | 2 | 924 | CONDO | 4 |
| 5064 FOOTHILLS DR F | $359,900 | $335,000 | 2 | 2 | 1252 | CONDO | 61 |
| 5751 WASHINGTON CT | $500,000 | $409,500 | 5 | 2 | 2120 | DETACHD | 4 |
| 55 NORTHSHORE RD #9 | $450,000 | $440,000 | 2 | 1.1 | 2025 | CONDO | 385 |
| 668 MCVEY AVE #54 | $499,000 | $490,000 | 3 | 1.1 | 992 | CONDO | 48 |
| 28 NORTHVIEW CT | $500,000 | $500,000 | 3 | 3 | 2092 | ATTACHD | 63 |
| 622 CLARA CT | $552,000 | $552,000 | 4 | 2 | 2236 | DETACHD | 75 |
| 1179 LARCH ST | $609,900 | $605,000 | 3 | 2 | 3206 | DETACHD | 6 |
| 5117 GREENSBOROUGH CT | $650,000 | $623,290 | 3 | 2.1 | 1560 | DETACHD | 30 |
| 5540 BAY CREEK DR | $675,000 | $632,000 | 3 | 3 | 2130 | DETACHD | 46 |
| 17020 CHAPIN WAY | $684,900 | $663,000 | 4 | 3 | 3258 | DETACHD | 9 |
| 5685 CHARLES CIR | $700,000 | $692,500 | 4 | 2 | 2542 | DETACHD | 5 |
| 2251 SUMMIT DR | $769,000 | $737,000 | 4 | 3 | 2874 | DETACHD | 56 |
| 5853 SOUTHWOOD DR | $849,000 | $805,000 | 5 | 2.1 | 3707 | DETACHD | 48 |
| 3155 UPPER DR | $1,175,000 | $1,100,000 | 4 | 3 | 3016 | DETACHD | 39 |
| 3540 RED CEDAR WAY | $1,150,000 | $1,125,000 | 5 | 3.1 | 4023 | DETACHD | 15 |
| 18296 MEADOWLARK LN | $1,698,000 | $1,660,000 | 5 | 3.1 | 5770 | DETACHD | 84 |
| 1093 CHANDLER RD | $2,200,000 | $2,000,000 | 5 | 4.1 | 5331 | DETACHD | 176 |
| 340 RIDGEWAY RD | $2,230,000 | $2,230,000 | 4 | 4 | 4411 | DETACHD | 2 |
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.