Here is the “just-released” data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) activity:
Well, Folks… The market is definitely picking up. Just take a look at how the numbers break out below. According to the RMLS Market Action Report for the Portland Metro Area March, 2013.
At 1,935, Closed Sales were the best since 2007, and a 40.6% increase over Feb. 2013!
There were 3,002 New Listings, which is an increase of 22.4% over Feb. 2013!
The Average Sale Price in March was $299,000, up from $282,000 in Feb. 2013.
Pending Sales increased from Feb. 2013 by 23.4% to 2,628.
For our Property Blotter readers, the combined area of Lake Oswego and West Linn also reported every sales aspect improving compared to last month:
Last week we saw 25 New properties entering the market, 12 go to Pending status, and 10 Selling in Lake Oswego.
Here are further details regarding last week’s Market Activity:
NEW SALES (April 1-7, 2013):
Address
Type
Price
BR
Bths
SF
3930 Lake Grove Ave 3B
Condo
$136,000
2
1
952
45 Eagle Crest Dr #119
Condo
$199,900
3
2
1348
51 Greenridge Ct
Attached
$205,000
2
2
1348
1127 Cedar St
Detached
$219,000
1
1
1070
18357 Heather Ann Ct
Detached
$409,000
3
2
1832
1402 Parrish St
Attached
$425,000
3
2.5
1862
219 Hidalgo St
Detached
$439,000
4
3
2980
14221 Dolph Ct
Detached
$465,000
3
2.5
2100
732 Clara Ct
Detached
$499,900
4
3.5
2935
4910 Lower Dr
Detached
$529,900
3
2.5
2151
12723 Adrian Ct
Detached
$569,950
4
3
3219
13658 Shireva Dr
Detached
$570,000
3
3
3502
3601 Red Cedar Way
Detached
$629,000
4
2
2250
5148 Woodcrest Ln
Detached
$665,000
5
3
3110
471 Country Club Ct
Detached
$779,000
4
3
2962
1301 Horseshoe Curve
Detached
$795,000
3
3
2060
5676 Suncreek Dr
Detached
$819,900
4
3.5
3312
18383 Old River Dr
Detached
$850,000
4
4.5
4548
878 7th St
Detached
$889,000
4
3.5
2858
3720 Marquis Ct
Detached
$919,000
4
2.5+.5
4795
72 Nansen Summit
Detached
$1,100,000
4
3
4770
2671 Glen Eagles Rd
Detached
$1,130,000
3
3
2851
17282 Lake Haven Dr
Detached
$1,195,000
4
2.5
3664
17152 Cedar Rd
Detached
$1,295,000
4
2.5
3175
13764 Knaus Rd
Detached
$1,395,000
4
4.5
4805
PENDING SALES (April 1-7, 2013)
Address
Type
Price
BR
Baths
SF
DOM
3906 Carman Dr
Condo
$176,300
3
2.5
1354
11
1132 Cedar St
Detached
$199,500
3
1.5
1276
0
5053 Foothills Dr H
Condo
$200,000
3
2
1252
8
1240 Cedar St
Detached
$244,900
3
1
1044
2
17438 Cardinal Dr
Detached
$420,000
4
2.5
2286
5
17433 Schalit Way
Detached
$436,000
4
2.5
2350
2
1429 Greentree Circle
Detached
$445,000
4
2.5
2599
298
5624 Southwood Dr
Detached
$575,000
4
3
3120
6
3480 Upper Dr
Detached
$749,000
3
2.5
2571
17
3101 Douglas Circle
Detached
$1,025,000
5
4.5
4430
309
18132 Siena Dr
Detached
$1,089,000
4
3.5
3565
489
17225 Kelok Rd
Detached
$1,195,000
4
3.5
4161
474
SOLD (April 1-7, 2013)
Address
Type
List Price
Closed Price
Sq Ft
CDOM
47 Eagle Crest Dr #13
Condo
$89,950
$89,000
932
5
245 Cervantes
Condo
$110,000
$125,110
1265
10
1547 Boca Ratan Dr
Attached
$188,950
$175,000
1008
28
10 Summit Ridge
Attached
$325,000
$325,000
1642
3
4263 Harvey Way
Detached
$355,000
$339,000
1640
180
12 Abelard St
Detached
$339,000
$352,000
2344
6
13005 Princeton Ct
Detached
$413,000
$398,000
2294
141
2618 Palisades Crest
Detached
$795,000
$733,000
5169
220
786 7th St
Detached
$859,000
$873,895
2825
84
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
In 1978 the State of Oregon mandated that individual communities develop and maintain a comprehensive plan. This plan becomes a road map for the future. How does the community support growing populations, economic development, and prioritize resources? The last time Lake Oswego updated its comprehensive plan was in 1994. With 16 years since being updated, in 2010 the State of Oregon told the City of Lake Oswego to update the comprehensive plan and gave the City 3 years to do so.
In the last 3 years over 2000 citizens of the community have participated in a lengthy process of meeting, discussing, and giving in-put as to what the vision of Lake Oswego should look like in 2035. This was a very involved process that included the school district, neighborhood associations, business associations, and open public forums. In fact, the City received the National Planning Excellence Award for Communications Initiative from the American Planning Association for this effort.
• Healthy Ecosystems
• Community Health and Public Safety
• Connected Community
• Inspiring Places and Spaces
• Economic Vitality
• Complete Neighborhoods and Housing
• Community Culture
These action areas support a wide variety of goals. Much emphasis is placed on livability and there was a strong consensus that walking, biking, and public transportation should be encouraged. Value is placed on high-quality schools, library, and recreational opportunities. Economic diversity is encouraged and the support of local businesses is a goal.
Think about it, the gallery without walls didn’t just happen. It is something we treasure and enjoy because in the past the arts were encouraged and supported in this community.
The final step in the adaption of the comprehensive plan is now occurring. Our mayor and city council will be voting on the adaption of the final version of the comprehensive plan at the City Council meeting on April 16th. I want to encourage you to learn about the plan. The easiest way to do this is by watching this short video.
Next I want to encourage you to contact our Mayor and City Council members to support adaption of the current comprehensive plan as it has been developed by the citizens of our community. To contact our Mayor and members of the City Council click here.
There is always a bit of controversy in public planning. That is true in this instance. There are several members of our city council who are not in favor of the comprehensive plan as it has been developed. I guess it could be attributed to a general dislike of planning in general: the idea that government should be smaller and less involved. There certainly are times when I agree with that perspective. But this plan is a good one. It is a vision for the future of our City that was developed by the citizens of this City. Please encourage the adaptation of the plan as the citizens have designed it over the course of the last 3 years.
We do love our City! This vision for the next 20 years is wonderful! Get involved and please encourage the adaptation of the Comprehensive Plan.
Dianne
Last week we saw 5 New properties entering the market, 19 go to Pending status, and 21 Selling in Lake Oswego.
Here are further details regarding last week’s Market Activity:
NEW SALES (Mar 25-31, 2013):
Address
List Price
# Beds
# Baths
Total SF
Prop Type
22 OSWEGO SMT
$109,900
1
1
764
CONDO
3906 CARMAN DR
$176,300
3
2.1
1354
CONDO
5053 FOOTHILLS DR # H
$200,000
3
2
1252
CONDO
32 WESTRIDGE DR
$579,900
4
2.2
3653
DETACHD
5320 CHILDS RD
$989,500
5
3
3700
DETACHD
PENDING SALES (Mar 25-31, 2013)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
100 KERR PKWY #26
$69,900
1
1
617
CONDO
32
56 SW GREENRIDGE CT
$259,000
3
2.1
1996
CONDO
47
1287 BOCA RATAN DR
$275,000
3
2
1611
CONDO
63
1118 OAK ST
$275,000
3
1.1
1320
DETACHD
23
12439 ORCHARD HILL RD
$345,000
3
2
1513
DETACHD
2
5910 SHAKESPEARE ST
$355,000
4
2.1
1663
DETACHD
253
14423 ORCHARD SPRINGS RD
$379,900
3
2.5
1710
DETACHD
4
23 DA VINCI ST
$396,000
3
2.1
2024
DETACHD
2
15495 TANAGER DR
$410,000
4
2.1
2255
DETACHD
140
18895 INDIAN SPRINGS RD
$439,000
5
3
2860
DETACHD
20
4986 MULHOLLAND DR
$469,900
3
2.1
2503
DETACHD
3
17560 WESTVIEW DR
$469,900
3
2.1
2561
DETACHD
0
17125 WARREN CT
$489,900
4
2.1
2705
DETACHD
5
4572 UPPER DR
$492,488
2
2
1454
DETACHD
12
1492 GLENMORRIE DR
$545,000
3
4
4096
DETACHD
174
3300 RIVER WOODS PL
$759,000
3
3
3642
DETACHD
2
4311 HAVEN ST
$875,000
5
4
3816
DETACHD
16
329 10TH ST
$894,000
4
2.1
3647
DETACHD
175
511 6TH ST
$998,000
5
3.1
4052
DETACHD
151
SOLD (Mar 25-31, 2013)
Address
O/Price
Close Price
# Beds
# Baths
Total SF
Prop Type
CDOM
4 TOUCHSTONE
$115,800
$115,800
3
2.1
1351
ATTACHD
226
4394 THUNDER VISTA LN #4394
$170,000
$173,000
2
2.1
1980
CONDO
253
885 MCVEY AVE
$219,900
$200,000
3
1
1292
DETACHD
45
2367 GLENMORRIE DR
$275,000
$252,500
2
2
2132
DETACHD
273
15721 BOONES WAY
$329,000
$322,000
3
2
1920
DETACHD
0
959 LEE ST
$329,000
$329,900
3
2
2340
DETACHD
28
5324 LOWER DR
$345,000
$330,000
3
2.1
2034
DETACHD
84
3269 PHYLLIS CT
$339,900
$338,700
3
1.2
1711
DETACHD
4
6414 Frost ST
$344,900
$339,900
3
2.1
2205
DETACHD
125
332 4th ST
$399,900
$400,000
2
2.1
1731
ATTACHD
16
57 TOUCHSTONE
$420,000
$420,000
4
3
2465
DETACHD
57
4909 MULHOLLAND DR
$428,000
$428,000
2
2.1
2403
ATTACHD
5
13366 AUBURN CT
$434,000
$433,000
3
2.1
2492
ATTACHD
82
15585 PARTRIDGE DR
$449,950
$445,000
4
2.1
2604
DETACHD
274
0 SW Kenny ST
$480,000
$489,000
4
3
2700
DETACHD
19592 PERCH CT
$529,950
$529,950
4
2.1
2800
DETACHD
6
12926 ROGERS RD
$565,000
$530,000
4
3
2776
DETACHD
13
2065 LILLI LN
$695,000
$664,000
5
3.2
4112
DETACHD
116
13315 HIDDEN BAY CT
$700,000
$679,138
5
2.1
3671
DETACHD
5
1255 ANDREWS RD
$785,000
$770,000
6
4
4408
DETACHD
162
4033 WESTBAY RD
$1,195,000
$1,115,000
4
3.1
3691
DETACHD
30
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
There is one house Open for Easter Sunday in Lake Oswego according to RMLS… and what a beautiful house it is!
Enjoy your Easter, no matter what you do!!!
As Realtors, we always encourage our Buyer clients to get information “direct from the horse’s mouth”, or more accurately, to call or visit the city where one is purchasing, and talk directly to the Planning or other related department about records for the home. You can ask any number of questions and talk directly to those “in the know”. We do conduct our own research, and do get involved and assist, but I still believe the best practice is for the Buyer to get their information “direct”. That way there’s no translating involved, and nothing that gets left “un-asked” that a client might wish they had asked their Realtor to find out later on. The people at the City are really nice folks, and are there to help. If you’re looking for a home in Lake Oswego, give them a call or pay them a visit! Here’s the link: City of Lake Oswego/Planning.
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Similarly, the Internet is a fantastic source for much of the information you want to find out regarding a home’s background, development potential, easements, past permits, lot lines, etc etc etc. There is a site called Portland Maps that can be accessed for information on Lake Oswego properties as well. This link is easy to use. Just type in the address, and voila, the aforementioned, along with demographics, crime statistics, and more is at your fingertips. Here’s the link to Portland Maps.
It was a busy week in real estate in Lake Oswego last week. We had 9 new listings, 27 pending sales, and 14 closed sales. The buyers are out there!
Here are further details regarding last week’s Market Activity:
NEW SALES (Mar 18-24, 2013):
Address
Type
Price
BR
Bths
SF
4 Touchstone
Condo
$115,000
2
2
984
5213 Rosewood St
Detached
$389,900
3
2.5
1934
580 2nd St
Condo
$397,500
2
1.5+.5
1464
15495 Tanager Dr
Detached
$410,000
4
2.5
2255
16168 Lake Forest Blvd
Detached
$449,900
4
3
2276
17125 Warren Ct
Detached
$489,900
4
2.5
2705
557 2nd St #205
Condo
$680,000
2
2.5
1833
3480 Upper Dr
Detached
$749,000
3
2.5
2571
4190 Chad Dr
Detached
$749,500
4
3.5
3756
14393 Amberwood Circle
Detached
$820,000
5
3.5
3692
PENDING SALES (Mar 18-24, 2013)
Address
Type
Price
BR
Baths
SF
DOM
4620 Lower Dr
Condo
$75,000
2
1.5
1160
107
208 Ridgeway Rd
Condo
$135,500
1
1
778
13
12632 Boones Ferry Rd
Detached
$204,000
2
2
1652
13
5020 Lakeview Blvd
Detached
$239,900
3
2
1192
1
16232 Bonaire Ave
Detached
$279,900
4
2.5
1792
17
4610 Lamont Way
Detached
$330,000
3
2
1750
10
18959 Kristi Way
Detached
$350,000
3
2
1778
33
2550 Greentree Rd
Detached
$359,900
4
3
2852
160
2593 Greentree Rd
Detached
$359,900
4
3
2215
7
1621 Larch St
Detached
$375,000
3
2.5
3040
138
1288 Rockinghorse Ln
Detached
$382,500
3
2
1742
111
4471 Chapman Way
Detached
$395,000
3
3
1989
1
4917 Mulholland Dr
Attached
$420,000
2
2.5
2403
58
2010 Greentree Rd
Detached
$420,000
4
2.5
2330
4
5099 Galen St
Detached
$429,500
4
2.5
2246
3
14520 Rainbow Dr
Detached
$429,900
4
2
2405
5
14336 Camden Ln
Detached
$432,500
4
2.5
2398
2
323 3rd St
Attached
$469,900
3
3.5
1959
205
686 Sunnyhill Dr
Detached
$499,900
4
2.5
2392
64
5450 Bay Creek Dr
Detached
$525,000
4
2.5
2386
5
940 Upper Devon Ln
Detached
$549,900
4
3
4464
295
2491 Overlook Dr
Detached
$579,990
4
3
3250
173
13282 Boones Ferry Rd
Detached
$585,000
4
2.5
3267
262
5554 Luce Ln
Detached
$589,900
5
3
3234
27
4036 Melissa Dr
Detached
$592,000
4
3.5
3118
17
17937 Kelok Rd
Detached
$675,000
5
2
2466
21
2960 Wembley Park Rd
Detached
$695,000
4
2.5
2000
252
SOLD (Mar 18-24, 2013)
Address
Type
List Price
Closed Price
Sq Ft
CDOM
26 Crestfield Ct
Condo
$84,900
$89,100
989
11
44 Eagle Crest Dr #18
Condo
$128,000
$128,000
1085
43
222 Cervantes D
Condo
$182,963
$181,000
1464
13
1028 Spruce St
Detached
$215,000
$230,100
1,140
42
466 5th St #14
Condo
$299,900
$269,000
1092
175
1041 Hemlock St
Detached
$319,000
$293,000
2623
170
1449 Greentree Circle
Detached
$345,000
$295,000
1696
139
762 Maple St
Detached
$479,000
$449,000
2417
28
17802 Treetop Ln
Detached
$595,000
$514,000
3655
370
2770 Wembley Park Rd
Detached
$615,000
$588,000
3375
122
5028 Woodcrest Ln Lt14
Detached
$608,000
$608,000
3063
218
17980 Meadowlark Ln
Detached
$645,000
$630,000
3252
1
15150 Glen Eagles Ct
Detached
$799,000
$759,900
2839
22
18785 Westview Dr
Detached
$1,795,000
$1,400,000
5508
274
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
I so look forward to spring. Longer days of sunlight, gradual warming, mowing the lawn for that first time, and the abundance of colorful flowers, it feels new everytime it happens.
I thought I’d share with you some of the gorgeous spring color, and also a poem by William Stafford. Mr. Stafford was a resident of Lake Oswego and is the City’s Poet Laureate.
Malheur before Dawn
An owl sound wandered along the road with me.
I didn’t hear it–I breathed it into my ears.
Little ones at first, the stars retired, leaving
polished little circles on the sky for awhile.
Then the sun began to shout from below the horizon.
Throngs of birds campaigned, their music a tent of sound.
From across a pond, out of the mist,
one drake made a V and said its name.
Some vast animal of air began to rouse
from the reeds and lean outward.
Frogs discovered their national anthem again.
I didn’t know a ditch could hold so much joy.
So magic a time it was that I was both brave and afraid.
Some day like this might save the world.
