Market Activity Report for Dec 26, 2016 – Jan 01, 2017

Happy New Year! And welcome 2017.
I hope you all have had wonderful holidays, but now that the festivities are over it is time to get back into the old grind. It is so difficult to get back to work after taking some time off for holidays, that’s for sure!

The market did slow down quite a bit, however I am willing to bet that in the coming weeks we’ll see activity pick up. Sure it can be cold out, and there are still people willing to look at houses in the snow, but at soon as it starts to warm up a bit we’ll see a lot of interest.

For now, the report is pretty small to cover our last week of the holidays.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Dec 26, 2016 – Jan 01, 2017)

Address Type Price Bedrooms Bathrooms Sqft
86 KINGSGATE RD D104 CONDO 165,900 2 2 924
15256 BOONES WAY ATTACHED 424,500 2 2.5 1618
5844 BAY POINT DR DETACHED 824,900 3 2.5 3350
148 5TH ST DETACHED 1,625,000 4 3.5 3540

PENDING SALES (Dec 26, 2016 – Jan 01, 2017)

Address Type Price Bedroom Bathrooms DOM
47 EAGLE CREST DR CONDO 174,900 2 1 6
1694 BOONIEBRAE DR CONDO 275,000 2 1 19
37 TOUCH STONE DETACHED 445,000 4 3 7
6244 FROST LN DETACHED 480,000 4 3.5 164
18402 ANDUIN TER DETACHED 899,995 4 3.5 93

SOLD (Dec 26, 2016 – Jan 01, 2017)

Address Type List Price Close Price Sqft DOM
18630 WOOD DUCK ST DETACHED 385,000 406,000 1808 1
4400 COBB WAY DETACHED 565,000 577,240 1676 7
5530 DUNMIRE DR DETACHED 715,000 645,000 3040 187
4279 ALBERT CIR DETACHED 685,000 650,000 2768 125
4 GARIBALDI ST DETACHED 650,000 670,500 2430 7
6457 MCDUFF CT DETACHED 733,500 725,000 3193 10
2325 OAKHURST LN DETACHED 759,900 745,000 3627 153
13730 CAMEO CT DETACHED 1,175,000 1,162,000 3726 29
548 RIDGEWAY RD DETACHED 1,560,000 1,395,000 2830 455

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 Dec 19-25, 2016

As you can imagine, we are in the midst of the slow market for real estate, and yet I find it interesting that the activity remains consistent with last week’s numbers being very similar to the week prior. I suspect this week will be similar as well. Then we will see the build up begin with inventory building and buyer’s buying. The first couple of weeks of January are likely to still be a bit slower as everyone gets back to their routines, but by mid January, and certainly by February, it will really take off. This is a good time to buy a home for two reasons: less competition so less likelihood of bidding wars, and low interest rates.

Last week in Lake Oswego we had 4 new listings, 11 properties go to pending status, and 12 closed sales.

Following is the breakdown for you according to RMLS:

New on the Market(Dec 19-25, 2016)

Address Type Price BR Baths Sq Ft
4 Touchstone #87 Condo $175,000 2 2 984
37 Touchstone Detached $445,000 4 3 2573
2155 Ridgewood Rd Detached $799,000 4 3 3454
505 Iron Mountain Blvd Detached $1,595,000 5 4 3015

Pending Sales (Dec 19-25, 2016)

Address Type Price BR Baths Sq Ft CDOM
1368 Boca Ratan Dr Attached $325,000 3 2 1611 60
4724 Firwood Rd Detached $405,000 3 1.5 1240 4
5717 Bonita Rd Detached $459,000 5 2 2572 176
4739 Rembrandt Ln Detached $485,000 3 2.5 1954 22
655 2nd St Attached $499,000 2 2 1457 32
1225 Cornell St Detached $514,999 3 2 1395 7
4920 Centerwood St Detached $557,500 3 2.5 2072 175
17920 Meadowlark Ln Detached $675,000 4 2.5 2716 33
429 6th St Detached $1,049,000 4 2.5 3205 48
1976 Highlands Loop Detached $1,795,000 4 3.5 4597 460
15508 Diamond Head Rd Detached $2,850,000 3 4 3900 185

Sold/Closed (Dec 19-25, 2016)

Address Type List Price Sold Price Sq Ft CDOM
131 Oswego Summit Condo $200,000 $190,000 1212 57
94 Greenridge Ct Attached $364,900 $364,900 1,752 57
17311 Mandi Ln Detached $379,000 $379,000 1,935 115
580 2nd St Attached $459,000 $452,000 1464 72
14798 Davis Ln Attached $479,900 $460,000 1698 61
550 2nd St Condo $500,000 $482,000 1540 13
1709 Meadows Dr Detached $497,000 $505,000 2288 15
1501 Woodland Terr Detached $649,900 $649,900 3,992 30
17700 Leafy Ln Detached $779,500 $750,000 3666 76
15501 Diamond Head Rd Detached $995,000 $930,000 2353 187
1666 Lake Front Rd Detached $1,279,000 $1,225,000 3183 27
1415 Skyland Dr Detached $1,450,000 $1,250,000 3859 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 ~ Dec 12-18, 2016

tree-2015We hope your Christmas, Hanukkah and Holidays are  wondrous time with your Loved ones this year.  As we draw to a close, Dianne, Whitney and I are spending time with ours as well, and thinking of all the Blessings of 2016. Our Property Blotter readers and clients rank high on that list! Thank you so much for reading, and for your loyalty, trust and confidence.  We are here to support you.

During the holidays, we all slow down a bit (or speed up if you’re the one in charge of decorating and making the holidays happen ; ) and our lives take on a different texture.  We revel in this and welcome the longer days as we march headlong into the rest of our winter and a new year.

People are changing their lives through Buying and Selling homes even as the holidays take over so much of our attention. Families are growing, jobs and locations change; all kinds of Life Events cause people to embark on this Grande Adventure! The week of Dec 12-18, saw 8 New properties enter the market in Lake Oswego, 7 move to Pending status, and 13 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Dec 12-18, 2016)

Address List Price # Beds # Baths Total SF Prop Type
4351 WOODSIDE CIR $385,500 3 2 1532 CONDO
1225 CORNELL ST $514,999 3 2 1395 DETACHD
19477 SW 35th CT $685,000 3 2 3276 DETACHD
36 MORNINGVIEW CIR $694,900 4 3.1 2953 DETACHD
1340 COUNTRY COMMONS $1,089,900 4 3 3359 DETACHD
2757 GLEN HAVEN RD $1,590,000 4 3.1 4604 DETACHD
3458 LAKEVIEW BLVD $3,395,000 4 4.1 4647 DETACHD
15530 DIAMOND HEAD RD $4,998,000 5 4 6298 DETACHD

PENDING SALES (Dec 12-18, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
169 OSWEGO SMT #169 $198,000 2 2 1383 CONDO 242
4697 OAKRIDGE RD $490,000 3 2.1 1738 ATTACHD 7
5538 ROYAL OAKS DR $525,000 3 2 1899 DETACHD 15
16 CHURCHILL DOWNS $565,000 3 2.1 2056 DETACHD 9
64 TOUCHSTONE $575,000 4 2.1 3494 DETACHD 49
1350 RIDGECREST DR $799,000 4 3.1 3534 DETACHD 163
4323 SUNSET DR $1,389,900 4 3.1 3930 DETACHD 3

SOLD (Dec 12-18, 2016)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
4450 THUNDER VISTA LN $298,000 $301,000 2 2.1 2040 ATTACHD 5
18307 LONGFELLOW AVE $433,000 $433,000 3 2 1457 DETACHD 45
4208 HARVEY WAY $475,000 $492,500 4 2 2132 DETACHD 3
4583 TRILLIUM WOODS $599,000 $590,000 3 2.1 2004 ATTACHD 49
1264 ROCKINGHORSE LN $599,000 $593,000 4 2.1 2293 DETACHD 22
17533 ERIN CT $629,000 $622,000 3 2.1 3039 DETACHD 72
17771 MARYLCREEK DR $765,000 $692,500 4 3.1 4398 DETACHD 123
545 EVERGREEN RD $829,900 $789,900 3 3.1 2182 DETACHD 50
17867 SUNDOWN CT $849,900 $820,000 3 3.1 2765 DETACHD 35
15985 BONAIRE AVE $835,000 $863,928 3 2.1 2910 DETACHD 0
1601 PINE ST $944,900 $889,900 4 3.1 3711 DETACHD 83
13372 FIELDING RD $1,000,000 $1,000,000 4 4.1 3556 DETACHD 119
4390 LORDS LN $1,295,000 $1,295,000 4 3.1 3693 DETACHD 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.

Market Activity Report Dec 5 – 11th, 2016

Hello everybody, and Happy Holidays!
I hope you all have been enjoying the snow! I heard on the radio: one of the DJs was saying that Portlanders aren’t too good at driving in the snow, or ice, or even rain sometimes for that matter. It kind of made me chuckle. I hope you all have been safe through this crazy weather, but enjoying it when you can.

This last week we only had two new houses hit the market. Hooo boy I had to go back and double, even triple, check to make sure that this information was right. Yup, just two new listings! The market is slowing down for the holidays, which gives us all a chance to focus on our families, as well as hosting/travel plans.

Well I’ll end it at that. I hope you all have a wonderful rest of the year. I’m pretty ready for 2017!

Following is the breakdown for you according to RMLS:

New on the Market (Dec 5 – 11th, 2016)

Address Type Price Bedrooms Bathrooms Sqft
1694 BONNIEBRAE DR CONDO 275,000 2 1 864
3838 RIVERS EDGE DR DETACHED 692,000 3 2.5 2849

Pending Sales (Dec 5 – 11th, 2016)

Address Type Price Bedroom Bathrooms DOM
48 EAGLE CREST DR 2F CONDO 225,500 3 2 102
5050 LOWER DR DETACHED 299,900 2 1 86
93 KINGSGATE RD DETACHED 420,000 3 2.5 6
655 2ND ST ATTACHED 499,000 2 2 18
18441 INDIAN CREEK DR DETACHED 500,000 3 2.5 1
19061 SW INDIAN CREEK AVE DETACHED 529,000 4 3 120
4978 SUNTREE LN DETACHED 535,000 3 2.5 1
4 GARIBALDI ST DETACHED 650,000 3 2.5 7
2399 PALISADES CREST DR DETACHED 699,000 5 3.5 38
286 D AVE ATTACHED 799,900 3 2.5 83
4113 WOLF BERRY CT DETACHED 834,000 4 3 26
13725 CAMEO CT DETACHED 1,500,000 5 4.5 329

Sold/Closed (Dec 5 – 11th, 2016)

Address Type List Price Close Price Sqft DOM
4000 CARMAN DR CONDO 198,000 199,875 869 3
566 S STATE ST CONDO 215,000 214,600 778 2
3962 CARMAN DR CONDO 244,900 240,000 1129 26
1864 SW KRISTI WAY DETACHED 349,950 342,000 1360 42
6 SUMMIT RIDGE CT DETACHED 399,000 365,000 1750 120
9 ORIOLE LN DETACHED 399,830 381,000 1928 153
4910 REDWING WAY DETACHED 415,000 394,475 1364 1
18861 INDIAN SPRINGS CIR DETACHED 429,500 402,000 1567 31
14588 WILMOT WAY DETACHED 558,000 505,000 2238 97
1481 GREENTREE CIR DETACHED 628,800 625,000 2878 38
13105 ROGERS RD DETACHED 679,000 656,000 2655 121
800 FAIRWAY RD DETACHED 678,000 658,000 2045 37
652 1ST ST CONDO 659,000 659,000 1986 76
13554 SOUTHWOOD CT DETACHED 750,000 750,000 2969 8
2247 SEQUOIA CT DETACHED 925,000 852,500 3493 157
716 LAKE SHORE RD DETACHED 999,000 865,000 1860 64
19371 RIVERWOOD LN DETACHED 1,300,000 1,380,000 5034 4
5405 CHILDS RD DETACHED 1,899,000 1,799,000 5702 247

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 Nov 24-Dec 4, 2016

We are in our first official “winter storm watch” for the season. As someone who has lived here for awhile, I can tell you that it is pretty normal for a lot to be made of winter weather events that turn out to be not much for than frost on the lawn in the morning. Having said that, we can hope, right? Perhaps we will get an inch or two of snow this week. If we do, it won’t last more than a day or two. And even in these conditions, in the middle of the holiday season, houses still get bought and sold. Last week in Lake Oswego we had 5 new listings, 12 houses enter into contracts as pending sales, and 14 sold/closed properties.

Following is the breakdown for you according to RMLS:

New on the Market (Nov 28-Dec 4, 2016)

Address Type Price BR Baths Sq Ft
4739 Rembrandt Ln Detached $485,000 3 2.5 1954
5538 Royal Oaks Dr Detached $525,000 3 2 1899
4978 Suntree Ln Detached $535,000 3 2.5 2348
18020 Gimley Ct Detached $850,000 3 2.5 3420
1527 Lake Front Rd Detached $6,985,000 5 6.5 7220

Pending Sales (Nov 28-Dec 4, 2016)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #7 Condo $114,900 1 1 617 6
18861 Indian Springs Circle Detached $419,000 3 2 1567 31
47 Oriole Ln Detached $420,000 3 3 1958 2
2520 Southshore Blvd Detached $449,900 3 2.5 2016 24
19235 Redwing Ct Detached $549,900 4 2 2084 130
1669 Oak St Detached $559,000 5 2.5 2649 48
50 Hillshire Dr Detached $645,000 5 2.5 3188 12
672 1st St Condo $659,000 2 2.5 1986 92
17771 Marylcreek Dr Detached $730,000 4 3.5 4398 123
4620 Dogwood Dr Detached $888,500 4 2.5 3613 102
16827 Scott Ct Detached $1,000,000 4 0.35 4179 140
16 Dover Way Detached $1,595,000 5 5.5 8147 219

Sold/Closed (Nov 28-Dec 4, 2016)

Address Type List Price Sold Price Sq Ft CDOM
4 Touchstone #109 Condo $163,000 $155,000 989 264
3433 McNary Pkwy #203 Condo $149,900 $160,000 1,008 4
48 Eagle Crest Dr Condo $265,000 $265,000 1,443 64
1033 Hallinan St Detached $309,900 $298,000 1128 159
1875 Fernwood Dr Detached $349,900 $375,000 1102 11
15450 Kimball Ct Detached $475,000 $442,500 1544 26
1935 Fernwood Dr Detached $515,000 $455,000 2100 106
18250 Indian Creek Dr Detached $469,900 $469,900 1,581 3
4191 Southshore Blvd Detached $455,000 $477,824 1361 12
350 6th St Detached $589,900 $530,000 2304 36
37 Hillshire Dr Detached $619,000 $605,000 2809 52
490 Iron Mountain Blvd Detached $699,900 $700,000 2246 2
14867 Twin Fir Ct Detached $699,900 $730,000 3641 63
16060 White Oaks Dr Detached $825,000 $770,500 3420 135

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 ~ Oct 2016 #’s

A little news for you (+ Oct data below)~

Good news! Conforming Loan limits are rising.  Here’s a little excerpt from a piece in Realtor Magazine:

The federal government is increasing the limit for conforming mortgages from $417,000 to $424,100 in most regions of the United States starting Jan. 1, 2017, the Federal Housing Finance Agency announced Wednesday—the first such increase since 2006.

The approximately 1.7 percent bump in the baseline conforming loan limit follows the FHFA’s announcement that  the average U.S. home price has returned to its pre-decline peak, which it hit in the third quarter of 2007. The FHFA bases the loan cap on its quarterly Housing Price Index, which gauges average single-family home prices. The index rose 1.5 percent during the third quarter of 2016 and is up 6.1 percent over the past year, enough to push it above its previous high point.

Conforming loan limits are significant because they apply to home loans that meet the underwriting guidelines of Fannie Mae or Freddie Mac, the government-sponsored entities that acquire mortgages from lenders and ensure a steady flow of money to the mortgage market. Interest rates for nonconforming, or jumbo mortgages, are generally higher than rates for loans that fall under the cap, and these types of mortgages can be more difficult to obtain.

 

Here are the latest/October numbers for the entire Portland area (and Lake Oswego details below):

According to the RMLS Market Action Report for the Portland Metro Area, October, 2016:

  • There were 2,929 New Listings in October which was down a whopping 20.3% from September’s 3,673, and down 4.4% from October of 2015’s 3,063.
  • At 2,589, October Closed Sales were also down 8.3% from September’s 2,823, and down 4.7% from October of 2015’s 2,717.
  • October Pending Sales (Accepted Offers), at 2,841 were down only 0.6% from Septembers 2,857, and were also  5.2% lower than October of 2015’s 2,996.
  • The Average Sale Price in October of $405,900 was up $13,700 from September’s $392,200, and also up a whopping $45,900 from October of 2015’s $360,000.     

 

                   _____________________________________________________                                                      October Average Sale Price + Appreciation (last 12 months):

    • North Portland:               $380,400             14.6%  (Sep: $381,400)
    • NE Portland:                    $423,700             11.6%  (Sep: $437,200)
    • SE Portland:                     $384,600            11.7%  (Sep: $368,200)
    • Gresham/Troutdale:        $309,900            12.7%  (Sep: $296,900)
    • Milwaukie/Clackamas:    $372,400            11.1%  (Sep: $395,100)
    • Oregon City/Canby:         $370,500            12.7%  (Sep: $364,100)
    • Lake Oswego/West Linn:$637,400             13.2%  (Sep: $619,800)
    • West Portland:                 $606,900            11.5%  (Sep: $505,100)
    • NW Washington County: $508,000              9.0%   (Sep: $473,300)
    • Beaverton/Aloha:            $322,900            10.7%  (Sep: $335,100)
    • Tigard/Wilsonville:          $404,000            10.5%  (Sep: $400,700)
    • Hillsboro/Forest Grove:  $344,200            14.5%  (Sep: $345,300)

_____________________________________________________

The combined areas of Lake Oswego and West Linn  (RMLS lumps them together) for the month of October 2016 reported:

    •  372 Active Listings (Sep/412)
    •  143 New Listings    (Sep/191)
    •  119 Pending Sales  (Sep/159 )
    •  131 Closed Sales     (Sep/128)
    • Average Sale Price for October: $637,400  (Sep/ $619,800 )
      • 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.
    • Average Time on the Market: 66 Days  (Aug /53)

Market Activity ~ Nov 14-27, 2016

We hope your Thanksgiving was as wonderful as ours!

This report is for the last two weeks. We saw 7 New properties enter the market in Lake Oswego, 26 move to Pending status, and 34 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Nov 14-27, 2016)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY #7 $114,900 1 1 617 CONDO
12 BUCKINGHAM TER $499,000 2 2 1457 ATTACHD
50 HILLSHIRE DR $565,000 4 3 1920 DETACHD
5192 COVENTRY CT $635,000 4 2.1 2259 DETACHD
205 5TH ST $645,000 5 2.1 3188 DETACHD
655 2ND ST $829,000 4 3 2556 DETACHD
18531 WAXWING WAY $995,000 6 3.1 3642 DETACHD

PENDING SALES (Nov 14-27, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
121 LEONARD STn #A $300,000 3 2 1136 CONDO 4
4386 THUNDER VISTA LN $359,000 2 2.1 1903 ATTACHD 13
18630 WOOD DUCK ST $385,000 3 2 1808 DETACHD 1
1 SAINT HELENS CIR $424,900 3 2.1 1422 DETACHD 26
15 MASARYK ST $459,500 4 3 3864 DETACHD 247
14798 DAVIS LN $469,750 2 2.1 1698 ATTACHD 61
17766 ARBOR LN $470,000 3 2 1561 DETACHD 118
19 FALSTAFF ST $515,000 4 2.1 3207 DETACHD 207
937 F AVE $575,000 3 2 1382 DETACHD 4
1775 FERNWOOD DR $589,000 6 3 2640 DETACHD 60
4801 Heritage LN $598,500 3 2.1 2205 DETACHD 113
12504 SHELBY CT $625,000 4 2.1 2860 DETACHD 22
1481 GREENTREE CIR $628,800 4 3 2878 DETACHD 38
17533 ERIN CT $629,000 3 2.1 3039 DETACHD 72
1501 WOODLAND TER $649,900 5 3.1 3992 DETACHD 30
17920 MEADOWLARK LN $675,000 4 2.1 2716 DETACHD 4
5530 Dunmire DR $685,000 4 3 3040 DETACHD 187
6457 MCDUFF CT $733,500 4 3.1 3193 DETACHD 10
2325 OAKHURST LN $759,900 5 2.1 3627 DETACHD 153
15501 DIAMOND HEAD RD $995,000 4 3 2353 DETACHD 187
17084 CHAPIN WAY $1,225,000 4 3.1 4028 DETACHD 10
19331 LORNA LN $1,295,000 4 3.1 5070 DETACHD 100
1790 SKYLAND DR $1,295,000 4 4.1 5684 DETACHD 4
401 9TH ST $1,375,000 4 3.1 4288 DETACHD 62
315 BERWICK RD $2,295,000 4 3.1 4860 DETACHD 155
3232 LAKEVIEW BLVD $5,450,000 4 4.1 7925 DETACHD 280

SOLD (Nov 14-27, 2016)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
11 CRESTFIELD CT – Grnd $129,500 $129,500 1 1 550 CONDO 3
86 KINGSGATE RD #i204/Upper $159,000 $149,500 2 2 840 CONDO 24
4 TOUCHSTONEn #90 $199,000 $168,537 3 2.1 1351 CONDO 165
45 EAGLE CREST DR #211 $219,000 $200,000 2 2 1046 CONDO 68
45 EAGLE CREST DR #411 $221,900 $216,000 2 2 1214 CONDO 8
4 ERASMUS ST $273,800 $273,800 2 2.1 1547 ATTACHD 1
4083 JEFFERSON PKWY $299,000 $297,000 2 2.1 1202 CONDO 37
5804 KENNYCROFT WAY $295,000 $311,000 3 1.1 1008 DETACHD 3
1299 BOCA RATAN DR $319,900 $316,950 3 2.1 1858 ATTACHD 2
43 ORIOLE LN $385,000 $365,000 2 2 1810 DETACHD 62
5500 MCEWAN RD $435,000 $394,000 3 2 1820 DETACHD 131
4720 LOWER DR $415,000 $405,000 4 2 2404 DETACHD 3
17623 SCHALIT WAY $435,000 $435,000 3 2 1577 DETACHD 6
1706 MEADOWS DR $499,900 $490,000 3 2 1698 DETACHD 47
17901 STAFFORD RD $640,000 $495,000 3 2 2254 DETACHD 103
261 ASH ST $499,900 $500,000 3 2 1788 DETACHD 10
950 LAKE FRONT RD $549,900 $508,000 4 2.1 2112 DETACHD 34
3520 LANEWOOD ST $579,000 $546,400 3 2 1850 DETACHD 30
4575 OAKRIDGE RD $560,000 $552,000 3 2.1 2040 ATTACHD 27
1920 PARK FOREST AVE $575,000 $565,000 3 3 2679 DETACHD 32
18171 BRYANT RD $799,000 $590,000 3 2 2984 DETACHD 78
4581 TRILLIUM WOODS $615,000 $615,000 3 2.1 2211 ATTACHD 9
14102 KIMBERLY CIR $749,000 $675,000 4 3.1 3103 DETACHD 87
2981 VALE CT $739,900 $690,000 5 2.1 3516 DETACHD 69
5907 BAY POINT DR $720,000 $720,000 4 2.1 3278 DETACHD 1
4550 DOGWOOD DR $899,000 $820,000 3 3 3460 DETACHD 116
14389 EDENBERRY DR $895,000 $860,000 3 2.1 3055 DETACHD 0
876 9TH ST $1,099,900 $1,072,000 4 2.1 2699 DETACHD 101
582 9TH ST $889,000 $1,115,000 3 3.1 2841 DETACHD 946
1961 Cheryl CT $1,375,000 $1,260,000 5 4.1 5124 DETACHD 183
2092 SUMMIT DR $1,579,000 $1,614,000 4 4.1 4527 DETACHD 17
13012 KNAUS RD $1,825,000 $1,787,500 4 3.2 4796 DETACHD 49
980 EVERGREEN RD $2,280,000 $2,100,000 5 5.2 5644 DETACHD 90
1355 Country Commons $1,995,000 $2,337,362 4 3.1 4238 DETACHD 198

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 Report for November 7 – 11th, 2016

Hey everybody!
I hope your November has been awesome. Have you all noticed that the grocery stores have almost completely skipped Thanksgiving? Like what is up with that? I feel like I was just in Halloween land at the Albertsons and now suddenly its Christmas!
In any case, the real estate market has maintained a steady rhythm. Condos continue to be a hot item, and houses starting at 400,000 to 700,000 continue to be bought and sold at an even pace.

Last week we saw 16 new listings, 23 pending houses, and 10 closed homes!

Following is the breakdown for you according to RMLS:

New on the Market (Nov 07th-13th, 2016)

Address Type Price Bedrooms Bathrooms Sqft
1368 BOCA RATAN DR ATTACHED 325,000 3 2 1611
4386 THUNDER VISTA LN ATTACHED 359,000 3 2.5 1903
18220 INDIAN CREEK DR DETACHED 489,000 4 2 1736
5000 CARMAN DR DETACHED 499,900 2 2.5 2010
440 9th ST DETACHED 675,000 3 2 2269
1422 ASH ST DETACHED 699,000 4 3 2997
17517 OAK MEADOW LN DETACHED 719,000 4 2.5 2952
6457 MCDUFF CT DETACHED 733,500 4 3.5 3193
4113 WOLF BERRY CT DETACHED 839,000 4 3 2922
429 6th ST DETACHED 1,049,000 4 2.5 3205
47 Lamont WAY DETACHED 1,079,000 4 3.5 3043
13599 MEADOWCREEK LN DETACHED 1,099,000 4 3.5 3170
15804 ALLISON PL DETACHED 1,149,000 4 2.5 3751
17084 CHAPIN WAY DETACHED 1,225,000 4 3.5 4028
4434 LAKE VIEW BLVD DETACHED 1,375,000 3 3 2803
1952 HIGHLANDS LOOP DETACHED 2,190,000 4 4.5 4446

Pending Sales (Nov 07th-13th, 2016)

Address Type Price Bedroom Bathrooms DOM
100 KERR PKWY #44 CONDO 150,500 2 1.5 55
4 TOUCHSTONE #109 CONDO 160,000 2 2 264
4 TOUCHSTONE #90 CONDO 199,000 3 2.5 165
131 OSWEGO SMT CONDO 200,000 2 2 57
4083 JEFFERSON PKWY CONDO 299,000 2 2.5 37
51 ORIOLE LN DETACHED 369,900 3 2 1
17311 MANDI LN DETACHED 379,000 3 2.5 115
5720 KENNY ST DETACHED 389,900 3 2 43
4910 REDWING WAY DETACHED 415,000 3 1.5 1
7 CONDOLEA DR CONDO 449,900 3 3 4
2520 SOUTHSHORE BLVD DETACHED 449,900 3 2.5 7
17 LAUREL ST DETACHED 499,500 3 1.5 148
550 2ND ST CONDO 500,000 2 2.5 13
37 HILLSHIRE DR DETACHED 619,000 4 3 52
16 BECKET ST DETACHED 625,000 3 3 126
15939 TWIN FIR RD DETACHED 649,000 3 2 6
652 1ST ST CONDO 659,000 2 2.1 76
4279 ALBERT CIR DETACHED 685,000 3 2.5 125
490 IRON MOUNTAIN BLVD DETACHED 699,900 2 2 2
716 LAKE SHORE RD DETACHED 890,000 3 2 64
581 OAK MEADOW DR DETACHED 1,199,000 4 4.5 307
2301 WEMBLEY PARK RD DETACHED 1,269,900 4 3.5 0
13648 GOODALL RD DETACHED 1,795,000 4 4.5 56

Sold/Closed (Nov 07th-13th, 2016)

Address Type List Price Close Price Sqft DOM
3433 MCNARY PKWY CONDO 229,900 222,000 1344 26
4325 SILVER CT CONDO 260,000 332,250 1844 67
1677 LAUREL ST DETACHED 489,000 490,000 2445 6
13551 SOUTHWOOD CT DETACHED 725,000 667,500 3115 86
654 1ST ST CONDO 689,000 683,000 2140 35
5037 PARKHILL ST DETACHED 729,000 705,000 3157 25
13745 CAMEO CT DETACHED 868,950 750,000 3380 153
650 1ST ST CONDO 899,000 899,000 2767 23
2786 GLENMORRIE DR DETACHED 1,500,000 1,415,000 6095 128
15365 TWIN FIR RD DETACHED 1,500,000 1,417,110 4574 110

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 Nov 1-6, 2016

I think the pace of sales right now is what I would call “Fall Steady”. Our numbers this week are consistent with what we have been seeing for about a month now. Last week in Lake Oswego we had 11 New Listings, 14 Pending Sales, and 15 Closed/Sold listings.

Details below:

New on the Market (Nov 1-6, 2016)

Address Type Price BR Baths Sq Ft
52 Oswego Summit Condo $199,900 1 1 705
7 Condolea Dr Condo $449,900 3 3 2388
12504 Shelby Ct Detached $625,000 4 2.5 2860
15939 Twin Fir Rd Detached $649,000 3 2 2480
6 Garibaldi St Detached $799,900 5 4 5470
13852 Shireva Dr Detached $830,000 5 3 2716
16007 Bonaire St Detached $867,000 3 2.5 2845
18400 Delenka Ln Detached $949,900 5 3.5 4603
17808 Hillside Way Detached $1,075,000 4 4 3815
4300 Haven St Detached $1,379,000 4 4 4312
757 Lake Shore Rd Detached $2,895,000 4 3.5 4098

Pending Sales (Nov 1-6, 2016)

Address Type Price BR Baths Sq Ft CDOM
3962 Carman Dr Condo $244,900 2 1129 26
155 Oswego Summit Condo $259,000 2 2 1506 46
16724 Roosevelt Ave Detached $364,995 3 1.5 1270 58
580 2nd St Attached $459,000 2 1.5+.5 1464 72
2815 Orchard Hill Pl Detached $478,000 4 3 2812 14
19235 Redwing Ct Detached $485,000 4 2 2084 100
15 Touchstone Detached $495,000 4 2.5 2276 23
1709 Meadows Dr Detached $497,000 4 2.5 2288 15
16577 Glenwood Ct Detached $545,000 4 3 3279 20
3520 Lanewood St Detached $549,000 3 2 1850 30
4400 Cobb Way Detached $565,000 3 2 1676 7
18171 Bryant Rd Detached $625,000 3 2 2984 78
545 Evergreen Rd Detached $789,900 3 3.5 2182 50
950 Cedar St Detached $995,000 4 3.5 3135 257

Sold/Closed (Nov 1-6, 2016)

Address Type List Price Sold Price Sq Ft CDOM
31 Oswego Summit Condo $174,000 $169,900 721 106
74 Galen St Condo $199,900 $198,000 995 35
668 McVey Ave #64 Condo $279,900 $267,000 636 60
98 Greenridge Ct Attached $365,000 $342,500 2000 41
67 Greenridge Ct Attached $369,000 $350,000 2004 67
6423 Frost St Detached $569,000 $509,000 2548 304
17911 Lake Haven Dr Detached $563,000 $545,000 2136 58
19134 Terry Ave Detached $575,000 $557,500 2,557 7
2825 Vale Ct Detached $575,000 $575,000 2314 4
628 Evergreen Rd Detached $619,000 $619,000 2402 4
19 El Greco St Detached $649,000 $632,500 3030 71
3195 Edgemont Rd Detached $699,000 $675,000 1858 91
5681 Yorkshire Ct Detached $734,000 $695,000 2985 97
4176 Upper Dr Detached $869,000 $839,000 2938 32
4200 Upper Dr Detached $1,289,000 $1,265,000 3610 1

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 – Sept 2016

Here are the latest/September numbers for the entire Portland area (and Lake Oswego details below):

According to the RMLS Market Action Report for the Portland Metro Area, September, 2016:

    • There were 3,673 New Listings in September which was down a whopping 12.6% from August, and up 7.3% from September of 2015.
    • At 2,823, September Closed Sales were also down 5.9% from August’s 3,001, and down 6.2% from September of 2015’s 3,010.
    • September Pending Sales (Accepted Offers), at 2,857 were down 14.1% from August’s 3,325, and were also  3.8% lower than September of 2015’s 2,971.
    • The Average Sale Price in September of $392,200 was down $7,900 from August’s $400,100, and also up around $43,200 from September of 2015’s $349,000.                         _____________________________________________________                                   September Average Sale Price + Appreciation (last 12 months):
    • North Portland:  $381,400                             14.3%   (Aug: $373,400/12.8%)
    • NE Portland:  $437,200                                    10.3%  (Aug: $426,400/ 9.2%)
    • SE Portland:  $368,200                                    11.0%  (Aug: $369,400 / 11.0%
    • Gresham/Troutdale:   $296,900                  12.6%  (Aug: $311,600 / 13.1%)
    • Milwaukie/Clackamas:   $395,100               11.1%  (Aug: $385,300  / 8.6%)
    • Oregon City/Canby:   $364,100                      11.6%  (Aug: $364,100 / 12.8%)
    • Lake Oswego/West Linn:    $619,800         14.2%  (Aug: $619,600 / 11.8%)
    • West Portland:    $505,100                              10.3%  (Aug: $572,100 / 9.8%)
    • NW Washington County:    $473,300           7.8%  (Aug: $495,200  / 7.0%)
    • Beaverton/Aloha:     $335,100                          9.9%  (Aug: $350,300 / 9.4%)
    • Tigard/Wilsonville:    400,700                       10.6%  (Aug: $402,200  / 10.7%)
    • Hillsboro/Forest Grove:    $345,300            14.1%  (Aug: $328,100 / 12.4%)

_____________________________________________________

The combined areas of Lake Oswego and West Linn  (RMLS lumps them together) for the month of September 2016 reported:

    •  412 Active Listings (Aug/452)
    •  191 New Listings    (Aug/229)
    •  159 Pending Sales  (Aug/162)
    •  128 Closed Sales     (Aug/166)
    • Average Sale Price for September: $619,800   (Aug/ $619,600)
      • 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.
    • Average Time on the Market: 53 Days  (Aug /59)