Tag: Oregon

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Market Activity Feb 12-18, 2019

Last week in Lake Oswego there were 19 new listings, 20 properties that went into pending status, and 9 sales that sold/closed. I have to take note of the pending sale at 16835 Greenbrier Rd. Yes, Lake Oswego has expensive luxury homes and a few sell every week, but this house, with 8852 square feet on the main lake sold in one day. ONE DAY! That is remarkable. The high-end market is booming.

Following is the breakdown for you according to RMLS:

New on the Market (Feb 12-18, 2018)

Address Type Price BR Baths Sq Ft
47 Eagle Crest Dr #11 Condo $180,000 2 1 932
199 Oswego Summit #199 Condo $194,000 2 2 1506
4000 Carman Dr A11 Condo $249,900 2 2 869
18440 Sandpiper Circle Detached $350,000 3 2 1447
6 Britten Ct Attached $399,950 2 1.5 1317
13 Bloch Terrace Attached $415,000 3 2.5 1972
18425 Woodside Circle Attached $539,000 3 3 2600
1660 Woodland Terrace Detached $566,500 4 3 2728
1714 Greentree Rd Detached $615,000 4 3 3110
4690 Auburn Ln Townhouse $673,000 4 4.5 2750
3088 Rosemary Ln Detached $719,000 4 2.5 3233
18462 Anduin Terrace Detached $725,000 4 2.5 2982
5616 Southwood Dr Detached $781,500 5 2.5 3043
1121 Devon Ln Detached $849,900 6 3 2968
16470 Phantom Bluff Ct Detached $925,000 5 3 2783
937 F Ave Detached $1,219,900 5 3 2736
18426 Sandpiper Way Detached $535,000 4 3 1884
800 Terrace Dr Detached $1,675,000 5 4.5 5339
1160 Northshore Rd Detached $2,498,000 2 2.5 2794

Pending Sales (Feb 12-18, 2018)

Address Type Price BR Baths Sq Ft CDOM
160 Oswego Summit Condo $199,000 2 2 1383 23
45 Oswego Summit Condo $199,900-$224,876 1 1 764 13
200 Cervantes Condo $225,000 3 1.5 1138 11
4077 Jefferson Pkwy Condo $329,000 2 2.5 1462 218
1776 Bonniebrae Dr Townhouse $331,000 1525 2 2 17
5058 Foothills Dr A Condo $364,500 2 2 1252 86
18179 Pilkington Rd Detached $395,000 3 2 1290 266
15 Del Prado St Detached $520,000 4 2.5 2180 3
14595 Sherbrook Pl Detached $549,900 3 2 2028 78
683 9th St Detached $575,000 3 2 1396 4
25 Touchstone Detached $599,000 4 3 2194 2
17720 Overlook Circle Detached $615,000 4 2.5 3400 12
19 Westridge Dr Detached $624,800 4 2.5 3711 30
5693 Victoria Ct Detached $790,000 4 2.5 3540 43
1898 Oak Knoll Ct Detached $850,000 4 3 3102 184
282 Greenwood Rd Detached $890,000 3 2.5 2530 16
19419 East Side Rd Detached $1,300,000 3 2.5 4682 4
16250 Pacific Hwy #60 Condo $249,900 2 2 1305 34
16737 Maple Circle Detached $1,350,000 3 2.5 1633 4
16835 Greenbrier Rd Detached $5,950,000 6 5.5+.5+.5 8852 1

Sold/Closed (Feb 12-18, 2018)

Address Type List Price Sold Price Sq Ft CDOM
200 Burnham Rd #304 Condo $267,900 $225,000 1305 144
154 Oswego Summit Condo $274,500 $255,000 1,506 117
19136 Pilkington Rd Detached $389,900 $378,000 1,260 6
4340 Beasley Way Detached $409,900 $383,000 1384 13
1232 Cornell St Detached $569,000 $585,000 1647 4
385 Livingood Ln Detached $610,000 $600,000 2083 8
13300 Fielding Rd Detached $850,000 $900,000 2865 56
1968 Cheryl Ct Detached $1,399,000 $1,300,000 6153 368
2160 Childs Rd Detached $1,795,000 $1,535,000 3695 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.

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News & Notes ~ January 2018

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

  • According to the RMLS Market Action Report for the Portland Metro Area, January, 2018:
    • There were 2,486 New Listings in Jan 2018 which was up 12.4% from Jan of 2017’s 2,212, and UP a whopping 53.7% from Dec of 2017’s total of 1,617.
    • At 1,628, Jan Closed Sales were down 11.9% from Jan 2017’s 1,847, and 30.7% from the previous month/Dec 2017’s total of  2,350. (***In contrast to all those people working to get “Closed” before year-end)
    • January’s Pending Sales (accepted offers), at 2,311 topped Jan of 2017’s 1,990 by 16.1% , and also increased 31.5% from the previous month/Dec 2017’s total of 1,757 (***It was actually the strongest January for Pending sales since January 2007’s 2,544)
    • The Average Sale Price in January of $436,400 was up $26,500 from January 2017’s $409,900, and also up from December 2017’s a whopping $421,700 by $14,700.   (***What a difference the turning of a year makes!)

Neighborhoods: January’s Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $435,300              7.2%   (Dec 400,500)
  • NE Portland:  $445,800                   7.5%   (Dec 430,000)
  • SE Portland:  $380,900                   8.7%   (Dec 382,200)
  • Gresham/Troutdale:   $351,600   10.9%   (Dec 329,600)
  • Milwaukie/Clackamas:  $424,800  9.3%   (Dec 411,500)
  • Oregon City/Canby:   $408,600      7.3%   (Dec 402,100)
  • Lake Oswego/West Linn:$631,600 5.4%   (Dec 662,700)
  • West Portland:    $609,300             3.2%   (Dec 612,700)
  • NW Wash County:  $538,300          7.9%   (Dec 534,400)
  • Beaverton/Aloha:     $367,600        8.5%   (Dec 363,200)
  • Tigard/Wilsonville:   $428,400        7.2%   (Dec 435,700)
  • Hillsboro/Forest Grove: $390,300 10.4%   (Dec 366,800)

LAKE OSWEGO:

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

    •  281 Active Listings   (Dec 288)
    •  146 New Listings     (Dec 80)
    •  101 Pending Sales     (Dec 92)
    •   93 Closed Sales      (Dec 98)
    • Average Sale Price for Dec: $631,600  (Dec 662,700)
      • 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.
    • 93 Average Days on the Market   (Dec 73)
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Market Activity ~ Feb 5-11, 2018

Last week 13 New properties enter the market in Lake Oswego, 16 moved to Pending status, and 12 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Feb 5-11, 2018)

Address List Price # Beds # Baths Total SF Prop Type
750 1ST ST E33 $197,000 1 1 986 CONDO
45 EAGLE CREST DR #402 $199,000 1 1 768 CONDO
200 CERVANTES $225,000 3 1.1 1138 CONDO
5056 FOOTHILLS DR C $364,900 2 2 1252 CONDO
17790 OVERLOOK CIR $590,000 3 3 3480 DETACHD
26 GROUSE TER $795,000 4 3 3857 DETACHD
116 MIDDLECREST RD $1,075,000 4 3 2545 DETACHD
3305 CEDAR CT $1,098,000 4 3.1 3986 DETACHD
418 NORTHSHORE RD $1,248,800 4 2 2838 DETACHD
1875 FERNWOOD DR $1,249,900 4 4 3279 DETACHD
16538 MAPLE CIR $1,299,000 4 3.1 2784 DETACHD
1059 BAYBERRY RD $1,548,000 5 3.1 3550 DETACHD
17399 CANAL CIR $2,349,000 4 3.1 4586 DETACHD

PENDING SALES (Feb 5-11, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
32 OSWEGO SMT $174,900 1 1 752 CONDO 125
86 KINGSGATE RD C202 $225,000 2 2 924 CONDO 39
5225 JEAN RD #313 $260,000 2 2 1200 CONDO 155
3802 BOTTICELLI ST $275,000 3 2 1224 CONDO 3
5353 LAKEVIEW BLVD $295,000 3 2 2598 DETACHD 13
15494 BRIANNE CT $335,000 2 2.1 1250 ATTACHD 2
4000 CARMAN DR #49 $350,000 2 1.1 1004 CONDO 4
17460 SCHALIT WAY $497,000 4 3 2190 DETACHD 174
17 FALSTAFF ST $579,000 4 3 2450 DETACHD 100
33 HILLSHIRE DR $677,000 4 2.1 2757 DETACHD 45
12788 SIERRA VISTA DR $699,000 4 3.1 2812 DETACHD 221
1418 Maple ST $799,950 3 2.1 2066 DETACHD
740 7TH ST $1,249,000 7 7 5431 DETACHD 268
4660 WILDWOOD ST $1,289,900 4 4 3709 DETACHD 36
2462 SUMMIT DR $1,575,000 3 2.1 3598 DETACHD 270
12384 SW CLARA LN $2,000,000 4 2.1 2007 DETACHD 446

SOLD (Feb 5-11, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
61 OSWEGO SMT $219,900 $220,000 2 2 1212 CONDO 10
4236 WOODSIDE CIR $395,000 $400,000 3 2 1524 ATTACHD 16
4978 GALEN ST $474,850 $449,000 2 2.1 1552 ATTACHD 78
9 FALSTAFF ST $577,000 $549,000 4 2.1 2436 DETACHD 315
1885 CREST DR $625,000 $565,000 4 2 2120 DETACHD 132
16946 BRYANT RD $999,000 $824,000 2 2 1390 DETACHD 171
160 IRON MOUNTAIN BLVD $825,000 $835,000 4 3 3090 DETACHD 9
1579 BAY VIEW LN $988,000 $965,000 5 3 4730 DETACHD 182
15800 OSWEGO SHORE CT $1,155,000 $1,100,000 4 3.1 4047 DETACHD 269
18246 BELLA TERRA DR $1,269,000 $1,195,000 4 3.1 4200 DETACHD 311
830 CABANA LN $1,324,900 $1,200,000 4 3.1 3029 DETACHD 202
16697 MAPLE CIR $5,250,000 $5,250,000 4 3.2 3311 DETACHD 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.

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The Internet House Hunt

The Internet is the single biggest change that I have seen happen to real estate in my 30 year career. I go back to the days of the massive catalogs that were published every two weeks and distributed to Realtors. Just think if it, every two weeks. By the time I received it, they were already outdated by today’s standards. I then experienced the data base being available in html. No photos, very cryptic, but at least it was current. Then our local multiple listing service made the big jump to a full fledged website, with photos! The RMLS in Oregon was the first full-scale Internet MLS in the country, or at least that is what I recall hearing.

Today we take all of that for granted. If you are looking to buy a house, that is what you do with your free time at work, at home, waiting on an appointment. We do it in the palm of our hand. It truly is remarkable.

It has completely changed the way that I show houses. Now my clients tell me what they want to see. I do still do property searches, daily, for my clients, but I then send them a link so that they can approve or disapprove of what I find. They also send me what they are finding and I put that onto our agenda. I no longer waste their time by trying to figure out what on the market will suit their needs. It did work the old way, but the new way is so much better!

That leads me to today’s topic, on-line websites where we all peruse the inventory.

I don’t have a favorite, but I do compare them. They can have wildly divergent opinions of value. I like to compare zillow, trulia, realtor.com, and redfin. I do this when I am doing a property analysis mostly because I know that the public is doing it and I need to see what they are seeing. I honestly don’t find one sight any better than the other. I do, however, have an opinion about their accuracy.

All of these websites base their valuations on statistical analysis based upon the public record. It is public record what other houses have sold for in the area with information on the year built, the size of the home, the type of roof, etc. However, the public record is often wrong. How this happens is a bit of a mystery. Sometimes it likely goes back to the difference between approval of building permits and changes made during construction. If the data isn’t updated in the tax assessors office, it stays out of the readily available public record. An easy example would be a 1920’s bungalow with 2 bedrooms and 1 bath that then had a second story attic turned into 2 more bedrooms. This is now a 4 bedroom house, but the tax record may still say it is 2 bedrooms. The bottom line is that the public record is not always accurate.

Additionally, the public record has no knowledge of condition of the property. Making it easy, let’s say there is a subdivision of 100 nearly identical houses that were built in 1998. Most are likely in average condition having been maintained with new carpet every 10 years and perhaps some new counter tops. Public record won’t know that a cat lady lived in the house and neglected to vacuum for the last 20 years. It also won’t know that one lucky couple won the lottery and put is subzero refrigerator, custom in-lay wood floors, and hand crafted plaster walls. The tax record does not know one is the epitome of luxury and one is one match away from an insurance claim.

The bottom line is that the tools on-line are remarkable, but you should take the values that are posted on line with a grain of salt. Ultimately you still need to get inside to see the house and the house still needs to be properly priced when listed for sale.

I hope you find this helpful,
Dianne

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Market Activity Jan 29-Feb 4, 2018

Pending sales are currently out pacing new listings. Inventory is sorely needed so if you are thinking about selling your Lake Oswego home, the time is ripe! Last we in LO we had 10 houses come onto the market, 15 go into pending status, and 11 properties that closed escrow.

Following is the breakdown for you according to RMLS:

New on the Market (Jan 29-Feb 4, 2018)

Address Type Price BR Baths Sq Ft
1776 Bonniebrae Dr Townhouse $331,000 2 2 1525
578 2nd St Condo $499,000 2 2.5 1302
1413 Oak St Detached $600,000 3 3 2424
17720 Overlook Circle Detached $615,000 4 2.5 3400
282 Greenwood Rd Detached $890,000 3 2.5 2530
13978 Westcott Ct Detached $985,000 4 3 3267
504 8th St Detached $1,075,000 4 3 2858
2057 Summit Dr Detached $1,279,000 4 3.5 4694
2735 Glen Eagles Rd Detached $1,379,900 4 3.5 2938
1093 Chandler Rd Detached $2,200,000 5 4.5 5331

Pending Sales (Jan 29-Feb 4, 2018)

Address Type Price BR Baths Sq Ft CDOM
17570 Hill Way Detached $479,000 3 2 1378 5
1232 Cornell St Detached $569,000 3 2 1647 4
1601 Woodland Terrace Detached $599,000 3 3 2594 126
5545 Kilchurn Ave Detached $660,000 3 2 2559 18
13283 Fox Run Detached $724,900 3 2.5 2744 10
802 Clara Ct Detached $769,000 4 3 2857 54
17421 Brookhurst Dr Detached $779,000 4 3.5 3756 10
18840 Hill Top Rd Detached $899,999 3 3.5 4286 499
15620 Village Dr Detached $949,000 4 2.5 3324 28
1555 Country Commons Detached $995,000 4 2.5 4191 273
625 Carrera Ln Detached $998,000 4 33.5 5288 76
4136 Casey Ct Detached $999,000 5 3.5 4070 1
18171 Bryant Rd Detached $1,198,000 3 2.5 2984 201
3920 Upper Dr Detached $1,199,000 4 3.5 3800 127
1923 Mapleleaf Ct Detached $1,395,000 3 2.5 3190 253

Sold/Closed (Jan 29-Feb 4, 2018)

Address Type List Price Sold Price Sq Ft CDOM
4 Touchstone #93 Condo $224,900 $220,000 1351 17
3433 McNary Pkwy #604 Attached $269,000 $275,000 1,136 7
5225 Jean Rd #507 Condo $289,900 $279,900 1,400 121
1470 Boca Ratan Dr Townhouse $360,000 $360,000 1867 0
16890 Cortez Ct Detached $469,000 $460,000 2016 78
520 2nd St Condo $499,000 $495,000 1520 24
5524 Langford Ln Detached $570,000 $530,000 2038 96
1661 Woodland Ter Detached $625,000 $610,000 3178 32
8 Morningview Ln Detached $645,000 $635,000 3277 98
2155 Ridgewood Rd Detached $775,000 $760,000 3454 39
920 Atwood Rd Detached $1,995,000 $2,295,440 4851 165

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

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Lake Oswego Picked Pics!

Category 1 Winner: Dogs Gone Surfing – Shelley Markstaller

The results are in from the Annual Photo Contest in Lake Oswego.  If you’d like to get a feel for what living in Lake Oswego is truly like, and also for the amazing and creative folks who make up this magical place, check out the slideshow gallery of the entries & winners in the link below:   Lake Oswego Photo Contest Winners & Collections

 

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Market Activity ~ Jan 22-28, 2018

Last week 12 New properties enter the market in Lake Oswego, 19 moved to Pending status, and 11 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 22-28, 2018)

Address List Price # Beds # Baths Total SF Prop Type
160 OSWEGO SMT $199,000 2 2 1383 CONDO
5353 LAKEVIEW BLVD $295,000 3 2 2598 DETACHD
3688 SPRING LN #3D $299,900 2 2 1117 CONDO
507 ASH ST $399,000 4 3 4666 DETACHD
18966 LONGFELLOW AVE $459,950 3 2 1330 DETACHD
5524 WASHINGTON CT $799,000 4 2.1 2672 DETACHD
17594 SHEPHERDS CT $825,000 4 2.1 3001 DETACHD
4101 VIRGINIA WAY $899,900 4 2.2 3231 DETACHD
14144 GOODALL RD $1,089,000 4 3 3701 DETACHD
2912 WEMBLEY PARK RD $1,650,000 4 3.2 4389 DETACHD
18475 Crestline DR $1,888,888 4 4.1 4740 DETACHD
940 HOODVIEW LN $2,248,000 4 3.1 4638 DETACHD

PENDING SALES (Jan 22-28, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY #75 $199,900 3 2 1593 CONDO 162
44 EAGLE CREST DRb #16 $221,900 3 2 1085 CONDO 192
19241 LONGFELLOW AVE $439,900 3 1 1188 DETACHD 3
4841 SW DAWN ST $489,000 3 2 1550 DETACHD 11
17323 ASHLEY CT $525,000 3 2.1 2117 ATTACHD 79
1033 SPRUCE ST $575,000 2 2.1 1623 DETACHD 6
21 MASARYK ST $585,000 4 2.1 2773 DETACHD 80
5622 CARMAN DR $599,000 4 2 2164 DETACHD 5
780 BRIERCLIFF LN $599,900 5 3.1 2502 DETACHD 97
13366 AUBURN CT $639,900 3 2.1 2492 ATTACHD 0
4729 LAKEVIEW BLVD $679,000 3 2.1 2551 DETACHD 40
19 HIDALGO ST $725,000 4 3.1 4500 DETACHD 11
18336 TAMAWAY DR $745,000 4 3 3372 DETACHD 6
4725 CAMBRIDGE CT $749,900 2 2.1 2942 ATTACHD 130
18440 DELENKA LN $799,900 4 3.1 4668 DETACHD 234
1316 CEDAR ST $849,999 5 3.1 3140 DETACHD 257
13300 FIELDING RD $850,000 3 2 2865 DETACHD 56
16034 INVERURIE RD $859,900 4 3 3305 DETACHD 18
2135 RIDGE POINTE DR $1,569,900 5 4.2 6755 DETACHD 247

SOLD (Jan 22-28, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
48 CERVANTES CIR 3-C $235,000 $220,000 2 1.1 1368 ATTACHD 4
18017 TUALATA AVE $379,900 $365,000 3 2 1124 DETACHD 28
5215 BONITA RD $495,000 $473,000 3 2.1 1761 DETACHD 16
5059 W SUNSET DR $599,900 $525,000 2 2.1 1734 ATTACHD 73
1798 KILKENNY RD $579,900 $529,900 3 2 2323 DETACHD 224
14260 UPLANDS DR $600,000 $580,000 4 3 2984 DETACHD 30
18410 DEERBRUSH AVE $659,000 $625,000 4 2.1 2246 DETACHD 92
13265 FOX RUN $699,900 $689,900 4 2.1 2614 DETACHD 34
17645 OAK MEADOW LN $828,000 $690,000 4 2.1 3723 DETACHD 159
339 6TH ST $789,000 $745,083 3 3.1 2258 ATTACHD 81
583 2ND ST $1,200,000 $1,200,000 2 2.1 2190 CONDO 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.

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Lake Oswego Reads 2018

This is the 12th year for Lake Oswego reads and this year’s chosen book is Good Morning Midnight.

The concept behind Lake Oswego Reads is the encouragement for everyone in the city, including the students at both Lake Oswego High School and Lakeridge High School, to read the same book at the same time. The event kicked off in January when the local library gave out 800 free copies of the book. The month of February is filled with events that highlight the book and the various topics that the book inspires.

Good Morning Midnight was written by Lily Brooks-Dalton. It tells the story of the end of the world in which two people, an astronomer in the Arctic, and an astronaut returning to Earth from Jupiter, find themselves as the only people left alive. The book explores the themes of loneliness, connection, endurance, regret, and the search for meaning and hope. As the story evolves, the two main characters lives become connected.

It’s a real challenge for the committee who selects the annual book because it needs to be a story that will appeal to many age levels and be compelling enough to really engage the community. I have read 7 of the previous 11 books and I have never been disappointed.

The February events include a month long art display that can be found at the library, city hall, Chrisman Picture Frames, and the Lakewood Center for the arts. In addition there will be educational talks by experts such as Dr Andrew Fountain, a Professor of Geology at PSU who will be speaking about glaciers, and Dr Karyn Rodes, a research biologist from the Alaska Science Center, who will be speaking about polar bears. There are several set dates for discussion groups and the big highlight will be when the author speaks on February 13th. For a full list of events, click here. All of the events are free.

Any time is a good time to crack open a good book, and that is especially so in February here in LO.
Happy reading, Dianne

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Market Activity Jan 15-21, 2018

Last week Lake Oswego enjoyed 15 new listings, 16 pending sales, and 14 sold/closed properties.

Following is the breakdown for you according to RMLS:

New on the Market (Jan 15-21, 2018)

Address Type Price BR Baths Sq Ft
103 Oswego Summit Condo $199,900 2 1.5 1116
4 Touchstone #62 Condo $224,900 3 2.5 1351
4 Touchstone #74 Condo $229,000 3 2.5 1351
4801 Jean Rd Detached $650,000 6 6.5 3400
13283 Fox Run Detached $724,900 3 2.5 2744
19 Hidalgo Detached $725,000 4 3.5 4500
16586 Phantom Bluff Ct Detached $1,250,000 3 2.5 2571
554 4th St Townhouse $1,395,000 4 4.5+.5 5576
560 4th St Townhouse $1,395,000 4 4.5 3186
548 5th St Townhouse $1,395,000 3 4.5 3186
566 4th St Townhouse $1,395,000 4 4.5+.5 3376
572 4th St Townhouse $1,495,000 3 4.5 3364
542 4th St Townhouse $1,495,000 4 4.5+.5 3376
3330 Cedar Ct Detached $1,612,500 4 3.5 4467
16826 Alder Circle Detached $1,795,000 3 3 2363

Pending Sales (Jan 15-21, 2018)

Address Type Price BR Baths Sq Ft CDOM
133 Oswego Summit Condo $199,900 1 1 923 4
4000 Carman Dr F90 Condo $205,000 2 2 834 9
4 Touchstone #148 Condo $214,900 3 2.4 1351 67
73 Galen St Condo $217,500 2 2 995 100
61 Oswego Summit Condo $219,900 2 2 1212 210
19136 Pilkington Rd Detached $389,900 3 1.5 1260 6
5720 Kenny St Detached $410,000 3 2 1416 88
16011 Lake Forest Blvd Detached $425,000 3 1.5 1360 37
4841 Dawn St Detached $489,000 3 2 1550 4
17280 Westview Dr Detached $529,900 3 3 2324 74
937 Oak St Detached $675,000 4 3 2921 110
3242 Glenmorrie Dr Detached $979,900 3 2.5 3146 88
1579 Bay View Ln Detached $988,000 5 3 4730 182
2160 Childs Rd Detached $1,725,000 4 2.5 3695 152
1500 Ridgecrest Dr Detached $1,797,000 5 5 4817 307
1500 Ridgecrest Dr Detached $3,550,000 4 4.5+.5 5050 307

Sold/Closed (Jan 15-21, 2018.)

Address Type List Price Sold Price Sq Ft CDOM
5092 Galen St Detached $424,900 $403,650 1178 3
918 Lake Front Rd Detached $455,000 $455,000 921 3
2442 Palisades Crest Dr Detached $599,900 $555,000 2,707 207
5110 Rosewood St Detached $624,900 $593,000 2464 106
17585 Treetop Way Detached $779,000 $650,000 2422 74
643 Ash St Detached $674,900 $650,000 2200 3
5418 Washington Ct Detached $679,900 $683,228 2074 64
13845 Amberwood Circle Detached $980,000 $780,000 3277 120
2481 Marylshire Ln Detached $768,000 $792,800 4091 241
103 Garibaldi St Detached $949,000 $801,125 3940 240
15543 Village Dr Detached $965,000 $868,000 3036 118
5320 Southwood Dr Detached $915,000 $972,200 3646 123
481 Iron Mountain Blvd Detached $900,000 $887,000 3859 214
1809 Headlee Ln Detached $1,195,000 $1,170,000 4586 41

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

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News & Notes ~ Dec / Year-End 2017

We’ve got the numbers in for 2017~ Here is your look at the most recent data for the entire Portland area and how Lake Oswego fits in to this picture just below:

  • According to the RMLS Market Action Report for the Portland Metro Area, December, 2017:
    • There were 1,617 New Listings in Dec 2017 which was up 13.8% from Dec of 2016’s 1,421, and down a whopping 33.1% from Nov of 2017’s total of 2,416.
    • At 2,350, Dec Closed Sales were down 10.3% from Dec 2016’s 2,621, and 1.6% from the previous month/Nov 2017’s total of  2,387.
    • December’s Pending Sales (accepted offers), at 1,757 was exactly the same as Dec of 2016, and decreased 25.9% from the previous month/Nov 2017’s total of 2,371.
    • The Average Sale Price in December of $421,700 was up $22,400 from December 2016’s $399,300, and down from November 2017’s $425,000 by $3,300.   

Neighborhoods: December’s Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $400,500              5.9%   (Nov 401,600)
  • NE Portland:  $430,000                   8.1%   (Nov 439,100)
  • SE Portland:  $382,200                   8.7%   (Nov 403,500)
  • Gresham/Troutdale:   $329,600   10.4%   (Nov 349,900)
  • Milwaukie/Clackamas:  $411,500  9.1%   (Nov 406,000)
  • Oregon City/Canby:   $402,100      7.2%   (Nov 377,800)
  • Lake Oswego/West Linn:$662,700 9.5%   (Nov 708,000)
  • West Portland:    $612,700             3.2%   (Nov 576,100)
  • NW Washington County:$534,400  7.7%   (Nov 501,200)
  • Beaverton/Aloha:     $363,200        9.2%   (Nov 349,300)
  • Tigard/Wilsonville:   $435,700        7.7%   (Nov 453,000)
  • Hillsboro/Forest Grove: $366,800 11.0%   (Nov 364,600)

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for the month of December 2017 reported:

    •  288 Active Listings   
    •   80 New Listings     
    •   92 Pending Sales   
    •   98 Closed Sales  
    • Average Sale Price for Dec: $662,700  
      • 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.
    • 73 Average Days on the Market