Home Repairs – When a house is in the middle of a transaction, does the Seller need to utilize licensed, bonded contractors to effect repairs that have been agreed upon? Yes! (Gold Star : ) Why? Well… there are several reasons- 1) It’s Oregon State Law when you’re in the middle of a real estate transaction. 2) It may state so in the Addendum you all signed (I always put it in there to make sure everyone is clear) or it is embedded in the current OREF Buyers Repair Addendum. 3) It just makes sense… for the Buyer and the Seller. Why? Well:
* Buyers: Licensed, bonded contractors typically know what they’re doing. We assume that’s how they got licensed and bonded. True, you can have someone who is not licensed and bonded do minor repairs in theory, and maybe come out OK, but what if someone, say, believes that really “pressure-washing” a roof is how to get moss off (too much pressure will, I’m told, wash the crystals off the roof tiles that actually cause them to be effective…), or thinks it’s OK to pour concrete directly up against the wood structure or siding of the house (it’s not OK: How Not To ) or thinks they know enough to do the “minor” wiring called for in the Addendum ummm…(safety first… common sense…).
So. if you’re the Buyer, and work was done that you realize was not done well AFTER you’ve already moved in (This is not good, by the way…you should always do a walk-through prior to close. But occasionally unsafe or shoddy work will not be noticeable till later), you can at least call the contractor up and address that with them and have a leg to stand on if they are licensed and bonded.
* Sellers: In light of what I mention above, wouldn’t you rather have had a licensed, bonded contractor perform repairs on your transaction? Its not about relinquishing responsibility for making sure repairs are done properly, but rather about making sure the contractors you choose can actually back it up, and take responsibility themselves for the work they’ve done.
Market Activity ~ May 19 – 25, 2014
Here is your Latest Market Data: Last week in Lake Oswego we saw 28 New properties enter the market, 23 move to Pending status, and 19 “Closed”/Sold. Following is the breakdown according to RMLS:
NEW on Mkt (May 19-25, 2014)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 16250 PACIFIC HWY #47 | $195,900 | 2 | 1 | 1305 | CONDO |
| 210 S STATE ST #7 | $265,000 | 2 | 2 | 1284 | CONDO |
| 1720 BONNIEBRAE DR | $287,500 | 2 | 2 | 1611 | ATTACHD |
| 6138 SW KENNY ST | $319,000 | 3 | 1.1 | 1190 | DETACHD |
| 18275 TERRY CT | $319,000 | 3 | 1.1 | 1270 | DETACHD |
| 5100 UPPER DR | $374,000 | 2 | 1 | 956 | DETACHD |
| 139 DEL PRADO ST | $429,000 | 4 | 2 | 2967 | DETACHD |
| 3777 DIVISION CT | $440,000 | 3 | 2 | 1700 | DETACHD |
| 2822 ORCHARD HILL PL | $469,900 | 3 | 2.1 | 2806 | DETACHD |
| 4900 UPPER DR | $549,000 | 3 | 2 | 2468 | DETACHD |
| 2251 HILLSIDE DR | $598,000 | 4 | 3 | 3467 | DETACHD |
| 16158 INVERURIE RD | $614,900 | 3 | 2.1 | 2744 | DETACHD |
| 19201 MEGAN PL | $665,000 | 4 | 2.1 | 2971 | DETACHD |
| 17303 GRANDVIEW CT | $675,000 | 4 | 3.1 | 3661 | DETACHD |
| 4105 WOOD HILL CT | $675,000 | 4 | 3 | 3154 | DETACHD |
| 827 5TH ST | $689,000 | 3 | 2 | 2124 | DETACHD |
| 5955 SUNBROOK DR | $699,999 | 4 | 3 | 3110 | DETACHD |
| 5626 GRAND OAKS DR | $715,500 | 4 | 3.1 | 3387 | DETACHD |
| 3766 RIVERS EDGE DR | $729,900 | 3 | 3 | 3404 | DETACHD |
| 4076 ORCHARD DR | $759,000 | 4 | 3.1 | 3991 | DETACHD |
| 15578 VILLAGE DR | $889,000 | 3 | 2.1 | 3630 | DETACHD |
| 17410 UPPER CHERRY LN | $898,000 | 4 | 3.2 | 4586 | DETACHD |
| 16161 PARELIUS CIR | $899,900 | 4 | 2.1 | 4018 | DETACHD |
| 2065 RIDGE POINTE DR | $965,000 | 6 | 4 | 4790 | DETACHD |
| 16809 QUAIL CT | $1,000,000 | 5 | 3.1 | 4425 | DETACHD |
| 17643 KELOK RD | $1,198,000 | 4 | 2.1 | 2390 | DETACHD |
| 18225 RIVER EDGE CT | $1,725,000 | 6 | 4.3 | 6568 | DETACHD |
| 13710 KNAUS RD | $1,995,000 | 4 | 4.2 | 5780 | DETACHD |
PENDING SALES (May 19-25, 2014)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 52 OSWEGO SMT | $63,500 | 1 | 1 | 700 | CONDO | 434 |
| 4 TOUCHSTONE #104 | $128,000 | 3 | 2.1 | 1351 | CONDO | 50 |
| 86 KINGSGATE RD #B103 | $136,500 | 2 | 2 | 924 | CONDO | 55 |
| 4948 CHILDS RD | $279,000 | 3 | 1 | 1480 | DETACHD | 9 |
| 2803 ORCHARD HILL PL | $369,900 | 3 | 2.1 | 1749 | DETACHD | 5 |
| 5675 CHILDS RD | $374,950 | 2 | 2.5 | 1663 | DETACHD | 4 |
| 15115 TWIN FIR RD | $409,900 | 3 | 2 | 1392 | DETACHD | 110 |
| 13134 VERMEER DR | $412,000 | 3 | 2.1 | 1972 | DETACHD | 4 |
| 2762 VALE CT | $419,500 | 3 | 2.1 | 2709 | DETACHD | 59 |
| 257 C AVE | $449,000 | 4 | 2 | 1600 | DETACHD | 23 |
| 5498 YORKSHIRE PL | $462,000 | 3 | 2 | 1911 | DETACHD | 68 |
| 1551 WOODLAND TER | $468,000 | 4 | 2 | 2712 | DETACHD | 40 |
| 13378 PETERS RD | $485,000 | 3 | 2.2 | 2355 | DETACHD | 279 |
| 4639 BLACK FOREST CT | $499,000 | 4 | 2.1 | 2197 | DETACHD | 21 |
| 103 GARIBALDI ST | $499,000 | 4 | 3.1 | 4000 | DETACHD | 930 |
| 15644 FIELDSTONE DR | $575,000 | 3 | 2.1 | 2588 | DETACHD | 39 |
| 1132 TROON RD | $585,000 | 3 | 2.1 | 1585 | DETACHD | 23 |
| 14250 AMBERWOOD CIR | $650,000 | 4 | 2.1 | 2577 | DETACHD | 21 |
| 220 GREENWOOD RD | $670,000 | 4 | 4 | 2742 | DETACHD | 20 |
| 5152 LAKEVIEW BLVD | $795,000 | 4 | 2.1 | 3414 | DETACHD | 0 |
| 17353 CANAL CIR | $1,395,000 | 5 | 4 | 3329 | DETACHD | 328 |
| 163 IRON MOUNTAIN BLVD | $1,429,000 | 4 | 3.1 | 4314 | DETACHD | 103 |
| 705 TERRACE DR | $1,795,000 | 4 | 3.1 | 3686 | DETACHD | 397 |
SOLD (May 19-25, 2014)
| Address | Open Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 4 TOUCHSTONE #87 | $123,000 | $118,000 | 2 | 2 | 984 | CONDO | 20 |
| 5225 Jean RD #404 | $198,988 | $187,300 | 3 | 2 | 1500 | CONDO | 7 |
| 1531 CEDAR ST | $199,900 | $250,000 | 2 | 1 | 832 | DETACHD | 6 |
| 12844 BOONES FERRY RD | $274,900 | $275,900 | 2 | 2.1 | 1152 | CONDO | 5 |
| 490 BOCA RATAN DR | $279,900 | $285,000 | 3 | 2 | 1887 | DETACHD | 419 |
| 2286 SW Wembley Park RD | $319,900 | $330,000 | 3 | 2 | 1300 | DETACHD | 8 |
| 19244 BENFIELD AVE | $326,000 | $347,000 | 3 | 2 | 1202 | DETACHD | 2 |
| 4490 LAKEVIEW BLVD | $349,900 | $355,000 | 3 | 2 | 1727 | DETACHD | 2 |
| 1115 OAK TER | $400,000 | $390,000 | 4 | 2.1 | 1880 | DETACHD | 0 |
| 3020 Brookside RD | $499,000 | $469,075 | 4 | 2 | 1926 | DETACHD | 110 |
| 4546 AUBURN LN | $500,000 | $472,500 | 3 | 3.1 | 2732 | ATTACHD | 22 |
| 3541 RED CEDAR WAY | $539,000 | $510,000 | 4 | 3 | 1964 | DETACHD | 152 |
| 5 ABELARD ST | $529,000 | $519,000 | 5 | 3 | 4660 | DETACHD | 16 |
| 2445 PARK RD | $549,500 | $530,000 | 5 | 3 | 3228 | DETACHD | 46 |
| 5523 ROYAL OAKS DR | $549,000 | $543,500 | 3 | 3 | 1871 | DETACHD | 0 |
| 2865 PARK RD | $568,000 | $582,000 | 4 | 2.1 | 3031 | DETACHD | 7 |
| 5746 CHARLES CIR | $599,900 | $605,000 | 4 | 2.1 | 2737 | DETACHD | 2 |
| 14559 PFEIFER WAY | $698,950 | $700,000 | 4 | 2.1 | 3356 | DETACHD | 3 |
| 2167 WEMBLEY PARK RD | $1,199,000 | $981,888 | 4 | 3.1 | 4015 | DETACHD | 34 |
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 May 12-18, 2014
Here is your Latest Market Data: Last week in Lake Oswego we saw 24 New properties enter the market, 22 move to Pending status, and 12 “Closed”/Sold.
Following is the breakdown according to RMLS:
New on Market (May 12-18, 2014)
| Address | Type | Price | BR | Bths | SF |
| 40 Oswego Summit | Condo | $129,900 | 2 | 2 | 1140 |
| 45 Eagle Crest Dr #218 | Condo | $135,000 | 1 | 1 | 768 |
| 4 Cervantes Circle #7E | Condo | $144,000 | 2 | 1.5 | 912 |
| 4000 Carman Dr #9 | Condo | $154,900 | 2 | 2 | 866 |
| 76 Oswego Summit | Condo | $155,000 | 2 | 2 | 1212 |
| 4405 Thunder Vista Ln | Condo | $225,000 | 2 | 2.5 | 2002 |
| 1368 Boca Ratan Dr | Attached | $262,500 | 2 | 2 | 1611 |
| 4948 Childs Rd | Detached | $279,000 | 3 | 1 | 1480 |
| 16250 Pacific Hwy #36 | Condo | $300,000 | 2 | 2 | 1305 |
| 510 2nd St | Condo | $425,000 | 2 | 1.5+.5 | 1520 |
| 50 Condolea Ct | Condo | $425,000 | 2 | 2.5 | 2760 |
| 2195 Glenmorrie Ln | Detached | $535,000 | 3 | 2 | 2461 |
| 4264 Westbay Rd | Detached | $549,900 | 3 | 2 | 1308 |
| 2610 Glen Haven Rd | Detached | $550,000 | 5 | 3 | 3122 |
| 18283 Lothlorien Way | Detached | $639,500 | 4 | 3 | 3015 |
| 543 2nd St | Condo | $719,000 | 2 | 2 | 1816 |
| 2560 Bree Ct | Detached | $738,000 | 5 | 3.5 | 3788 |
| 2671 Glen Eagles Rd | Detached | $850,000 | 3 | 3 | 4019 |
| 4224 Lakeview Blvd | Detached | $875,000 | 3 | 2.5 | 2680 |
| 17900 Greenbluff Dr | Detached | $949,000 | 4 | 3.5 | 4210 |
| 18000 Sarah Hill Ln | Detached | $999,999 | 4 | 2.5 | 3280 |
| 13017 Knaus Rd | Detached | $1,275,000 | 4 | 3.5 | 4690 |
| 1633 Leslie Ln | Detached | $1,850,000 | 5 | 4.5 | 5921 |
Pending Sales (May 12-18, 2014)
| Address | Type | Price | BR | Baths | SF | DOM |
| 78 Galen St | Condo | $139,000 | 2 | 2 | 995 | 5 |
| 3988 Carman Dr | Condo | $174,900 | 2 | 2.5 | 1098 | 9 |
| 136 Kingsgate Rd | Detached | $345,000 | 3 | 2.5 | 1570 | 11 |
| 19220 Redwing Ct | Detached | $349,000 | 3 | 2 | 1647 | 3 |
| 66 Weatherstone | Attached | $359,000 | 4 | 3.5 | 2465 | 7 |
| 772 Lake Forest Dr | Detached | $377,500 | 2 | 1 | 888 | 4 |
| 9 Masaryk St | Detached | $399,900 | 3 | 3 | 2692 | 81 |
| 1290 Hide a Way Ln | Detached | $400,000 | 4 | 3 | 2530 | 5 |
| 4729 Lakeview Blvd | Detached | $430,000 | 3 | 2.5 | 2490 | 105 |
| 18491 Waxwing Circle | Detached | $435,000 | 4 | 2.5 | 1934 | 5 |
| 17488 Mardee Ave | Detached | $499,950 | 4 | 2.5 | 2168 | 45 |
| 6 Hillshire Dr | Detached | $525,000 | 5 | 3 | 3107 | 44 |
| 4867 Sage Hen Way | Detached | $532,500 | 4 | 2.5 | 2523 | 10 |
| 1428 Pine St | Detached | $534,900 | 3 | 3.5 | 2736 | 93 |
| 5657 Grand Oaks Dr | Detached | $569,900 | 3 | 2.5 | 2783 | 22 |
| 4713 Amherst Ct | Attached | $589,000 | 3 | 2.5 | 2980 | 8 |
| 1775 Palisades Terrace | Detached | $625,000 | 3 | 2.5 | 2112 | 7 |
| 4973 Hartford Pl | Detached | $649,900 | 5 | 3.5 | 3672 | 3 |
| 2757 Rivendell Rd | Detached | $734,900 | 4 | 3.5 | 3960 | 1 |
| 13529 Streamside Dr | Detached | $799,000 | 6 | 4.5 | 5415 | 2 |
| 13531 Fielding Rd | Detached | $849,000 | 4 | 3.5 | 4566 | 1 |
| 2943 Lakeview Blvd | Detached | $995,000 | 4 | 3 | 3794 | 321 |
Sold (May 12-18, 2014)
| Address | Type | List Price | Closed Price | Sq Ft | CDOM |
| 12 Condolea Dr | Condo | $200,000 | $200,000 | 1312 | 0 |
| 1796 Bonniebrae Dr | Attached | $319,000 | $310,000 | 1782 | 17 |
| 4514 Lower Dr B3 | Condo | $318,000 | $312,000 | 1644 | 17 |
| 1108 Cedar St | Detached | $315,000 | $334,500 | 1,206 | 1 |
| 5644 Windfield Loop | Detached | $389,000 | $400,000 | 1800 | 3 |
| 5650 Langford Ln | Detached | $469,000 | $469,000 | 1837 | 3 |
| 1277 Rockinghorse Ln | Detached | $499,000 | $475,000 | 2577 | 4 |
| 318 2nd St | Attached | $499,900 | $505,000 | 2098 | 8 |
| 134 Del Prado St | Detached | $585,000 | $585,000 | 3972 | 1 |
| 19067 Megan Pl | Detached | $620,000 | $636,000 | 3400 | 9 |
| 12967 Rogers Rd | Detached | $775,000 | $775,000 | 3945 | 0 |
| 1745 Southshore Blvd | Detached | $1,750,000 | $1,690,000 | 5545 | 785 |
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
Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) numbers:
The numbers are in, and in the month of April 2014 in the Portland area is still going strong! Closed Sales, though only up slightly, were the best since 2007. According to the RMLS Market Action Report for the Portland Metro Area April, 2014:
- At 2,143, April Closed Sales rose 15.4% from March’s 1,857, and were up .8% from 2,125 in April 2013.
- There were 3,629 New Listings in April... 17.4% higherer than March’s 3,090, and also up .2% from April 2013.
- The Average Sale Price in April was $332,600, up $4,500. from March’s $328,100.
- April Pending Sales (accepted offers) were up 11.5% from March at 2,825, and/but dropped 4.0% from April 2013.
The combined areas of Lake Oswego and West Linn for April reported:
- 450 Active Listings
- 211 New Listings
- 56 Pending Sales
- 108 Closed Sales
- An average Sale Price of $565,400.
- Average Time on the Market: 86 Days
Market Activity~May 5-11, 2014
Here is your Latest Market Data: Last week in Lake Oswego we saw 22 New properties enter the market, 32 move to Pending status, and 12 “Closed”/Sold.
Following is the breakdown according to RMLS:
NEW on MKT (May 5-11, 2014)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 3988 CARMAN DR | $174,900 | 2 | 2.1 | 1098 | CONDO |
| 73 CONDOLEA WAY #73 | $299,000 | 2 | 2 | 2131 | CONDO |
| 136 KINGSGATE RD | $345,000 | 3 | 2.1 | 1570 | DETACHD |
| 66 WHEATHERSTONE | $359,000 | 4 | 3.1 | 2465 | ATTACHD |
| 4470 CHAPMAN WAY | $389,900 | 3 | 3 | 4250 | DETACHD |
| 4711 REMBRANDT LN | $399,900 | 3 | 2.1 | 2050 | DETACHD |
| 18491 WAXWING CIR | $435,000 | 4 | 2.1 | 1934 | DETACHD |
| 1731 HIGHLAND DR | $473,900 | 4 | 2 | 2636 | DETACHD |
| 708 SUNNY HILL DR | $495,000 | 3 | 2 | 1977 | DETACHD |
| 4867 SAGE HEN WAY | $532,500 | 4 | 2.1 | 2523 | DETACHD |
| 4713 AMHERST CT (TWNHSE) | $589,000 | 3 | 2.1 | 2980 | ATTACHD |
| 1286 LARCH ST | $600,000 | 4 | 2.1 | 2410 | DETACHD |
| 4973 HARTFORD PL | $649,900 | 5 | 3.1 | 3672 | DETACHD |
| 1585 PATTON RD | $650,000 | 4 | 3 | 3167 | DETACHD |
| 5904 BAY POINT DR | $729,750 | 4 | 2.1 | 3433 | DETACHD |
| 17911 HILLSIDE DR | $749,900 | 4 | 3 | 3635 | DETACHD |
| 14183 TAYLORS CREST LN | $749,999 | 4 | 2.1 | 3624 | DETACHD |
| 13529 STREAMSIDE DR | $799,000 | 6 | 4.1 | 5415 | DETACHD |
| 15470 BOONES WAY | $897,000 | 3 | 2.1 | 3515 | ATTACHD |
| 17230 FERNWOOD DR | $898,000 | 5 | 4 | 4046 | DETACHD |
| 4333 HAVEN ST | $999,900 | 5 | 4 | 3652 | DETACHD |
| 3411 LAKE GROVE AVE | $1,098,000 | 4 | 3.1 | 4434 | DETACHD |
PENDING SALES (May 5-11, 2014)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 225 CERVANTES (Grnd) | $135,000 | 2 | 1.1 | 1216 | CONDO | 2 |
| 46 CERVANTES CIR (Grnd) | $150,000 | 2 | 1.1 | 912 | CONDO | 6 |
| 3884 BOTTICELLI ST #34 | $165,000 | 2 | 1.1 | 1132 | CONDO | 52 |
| 4465 GOLDEN LN | $229,900 | 2 | 2.1 | 1996 | ATTACHD | 39 |
| 490 BOCA RATAN DR | $280,000 | 3 | 2 | 1887 | DETACHD | 419 |
| 16231 PARKER RD | $289,000 | 4 | 1 | 1549 | DETACHD | 3 |
| 13 SAINT HELENS CIR | $324,900 | 3 | 2.1 | 2022 | DETACHD | 76 |
| 4296 Sunset DR | $359,000 | 3 | 2.1 | 1680 | DETACHD | 2 |
| 14074 SUNDELEAF DR | $369,900 | 4 | 2.1 | 1760 | DETACHD | 7 |
| 1290 HIDE A WAY LN | $400,000 | 4 | 3 | 2530 | DETACHD | 1 |
| 4677 OAKRIDGE RD | $424,900 | 3 | 2.1 | 1738 | ATTACHD | 3 |
| 1831 KILKENNY DR | $449,500 | 5 | 3 | 2597 | DETACHD | 34 |
| 12 PARTRIDGE LN | $450,000 | 4 | 2.1 | 3309 | DETACHD | 152 |
| 29 DEL PRADO ST | $459,900 | 4 | 2 | 2972 | DETACHD | 14 |
| 4908 HASTINGS DR | $477,000 | 3 | 2.1 | 2096 | DETACHD | 47 |
| 3300 SOUTHSHORE BLVD | $479,000 | 2 | 2.2 | 1162 | DETACHD | 297 |
| 14920 TWIN FIR RD | $495,000 | 3 | 1.1 | 1530 | DETACHD | 284 |
| 4360 WESTBAY RD | $498,000 | 4 | 3 | 2636 | DETACHD | 120 |
| 54 AQUINAS ST | $509,900 | 4 | 2.1 | 2632 | DETACHD | 4 |
| 13152 VERMEER DR | $525,000 | 3 | 2.1 | 2092 | DETACHD | 13 |
| 18060 CARDINAL DR | $529,900 | 3 | 3.1 | 2547 | DETACHD | 20 |
| 885 LAKE FOREST DR | $579,000 | 4 | 3 | 2186 | DETACHD | 186 |
| 4303 SUNDEW CT | $599,000 | 4 | 2.1 | 3355 | DETACHD | 21 |
| 5767 SUNCREEK DR | $679,000 | 4 | 3 | 3363 | DETACHD | 15 |
| 3 CREEKSIDE TER | $699,000 | 4 | 3.1 | 4355 | DETACHD | 108 |
| 3109 DOUGLAS CIR | $1,475,000 | 5 | 4.2 | 4880 | DETACHD | 7 |
| 1745 SOUTHSHORE BLVD | $1,750,000 | 4 | 4.1 | 5545 | DETACHD | 785 |
| 2675 GLEN EAGLES RD | $1,895,000 | 5 | 5 | 5609 | DETACHD | 291 |
| 980 EVERGREEN RD | $2,195,000 | 5 | 5.2 | 5644 | DETACHD | 11 |
| 2926 LAKEVIEW BLVD | $2,195,000 | 4 | 4.1 | 4902 | DETACHD | 290 |
| 3232 LAKEVIEW BLVD | $2,590,000 | 5 | 5 | 7000 | DETACHD | 1113 |
| 3214 LAKEVIEW BLVD | $3,990,000 | 4 | 5 | 5800 | DETACHD | 1119 |
SOLD (May 5-11, 2014)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 4626 LOWER DR | $99,000 | $93,000 | 2 | 2 | 1260 | CONDO | 15 |
| 3433 MCNARY PKWY #206 | $132,000 | $126,000 | 2 | 2 | 1008 | CONDO | 162 |
| 1694 BONNIEBRAE DR | $169,900 | $170,000 | 2 | 1 | 864 | CONDO | 1 |
| 6397 MCEWAN RD | $295,000 | $284,000 | 3 | 2 | 1008 | DETACHD | 199 |
| 5559 ROYAL OAKS DR | $468,950 | $463,800 | 4 | 2.1 | 2105 | DETACHD | 10 |
| 1571 WOODLAND TER | $479,000 | $470,000 | 3 | 2 | 2400 | DETACHD | 164 |
| 2440 OVERLOOK DR | $549,900 | $519,500 | 4 | 3 | 3876 | DETACHD | 19 |
| 19524 RIVER RUN DR | $638,950 | $595,000 | 4 | 2.1 | 2630 | DETACHD | 271 |
| 18059 WESTMINSTER DR | $645,000 | $645,000 | 4 | 2.1 | 3214 | DETACHD | 2 |
| 18103 WESTMINSTER DR | $699,900 | $650,000 | 4 | 2.1 | 3344 | DETACHD | 241 |
| 2390 PALISADES CREST DR | $900,000 | $892,000 | 4 | 4 | 4823 | DETACHD | 21 |
| 13636 Goodall RD #Lot 2 | $1,349,000 | $1,399,000 | 4 | 4.1 | 4380 | DETACHD | 329 |
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 Apr28-May 4, 2014
Here is your Latest Market Data: Last week in Lake Oswego we saw 16 New properties enter the market, 25 move to Pending status, and 11 “Closed”/Sold.
Following is the breakdown according to RMLS:
New Listings (Apr 28-May 4, 2014)
| Address | Type | Price | BR | Bths | SF |
| 44 Eagle Crest Dr #38 | Condo | $129,000 | 1 | 1 | 798 |
| 46 Cervantes Circle | Condo | $150,000 | 2 | 2 | 912 |
| 16231 Parker Rd | Detached | $289,000 | 4 | 1 | 1549 |
| 14074 Sundeleaf Dr | Detached | $369,900 | 4 | 2.5 | 1760 |
| 5172 Lakeview Blvd | Detached | $384,900 | 3 | 2 | 1438 |
| 4639 Black Forest Ct | Detached | $499,000 | 4 | 2.5 | 2197 |
| 54 Aquinas St | Detached | $509,900 | 4 | 2.5 | 2632 |
| 3 Bolivar St | Detached | $584,900 | 4 | 3.5 | 4782 |
| 1015 Southshore Blvd | Detached | $634,900 | 4 | 3 | 3882 |
| 14250 Amberwood Circle | Detached | $650,000 | 4 | 2.5 | 2577 |
| 220 Greenwood Rd | Detached | $670,000 | 4 | 4 | 2742 |
| 16636 Maple Circle | Detached | $675,000 | 4 | 2 | 2030 |
| 100 Leonard St 4-1 | Condo | $839,900 | 2 | 2.5 | 2734 |
| 590 Oak Meadow Dr | Detached | $1,299,000 | 4 | 4.5 | 4673 |
| 3072 Lakeview Blvd | Detached | $1,450,000 | 5 | 5.5 | 4030 |
| 16829 Greenbrier Rd | Detached | $2,750,000 | 5 | 3.5 | 3927 |
Pending Sales (Apr 28-May 4, 2014)
| Address | Type | Price | BR | Baths | SF | DOM |
| 4 Touchstone #137 | Condo | $122,500 | 2 | 2 | 984 | 25 |
| 4 Touchstone #69 | Condo | $158,000 | 3 | 2.5 | 1351 | 28 |
| 198 Cervantes | Attached | $229,000 | 2 | 1.5 | 1266 | 1 |
| 23 Block Terrace | Attached | $269,000 | 2 | 2 | 1394 | 23 |
| 1728 Boca Ratan Dr | Attached | $275,000 | 3 | 2 | 1393 | 7 |
| 1108 Cedar St | Detached | $315,000 | 3 | 1.5 | 1206 | 1 |
| 1878 Mapleleaf Rd | Detached | $330,000 | 3 | 1.5 | 1347 | 22 |
| 12731 19th Ave | Detached | $349,900 | 3 | 2 | 2020 | 43 |
| 5766 Langford Ln | Detached | $356,000 | 2 | 2 | 1327 | 53 |
| 46 Condolea Ct | Condo | $357,000 | 3 | 3 | 2958 | 76 |
| 18307 Longfellow Ave | Detached | $359,900 | 3 | 2 | 1440 | 12 |
| 6150 Kenny St | Detached | $379,900 | 3 | 1.5 | 1989 | 88 |
| 915 Bullock St | Detached | $435,000 | 4 | 3 | 2986 | 249 |
| 53 Touchstone | Detached | $525,000 | 4 | 2.5 | 2740 | 7 |
| 99 Garibaldi St | Detached | $525,000 | 4 | 2.5 | 2626 | 12 |
| 5318 Coventry Ct | Detached | $540,000 | 4 | 2.5 | 2407 | 32 |
| 1132 Troon Rd | Detached | $585,000 | 4 | 2.5 | 2425 | 28 |
| 16198 Nola Ct | Detached | $598,950 | 4 | 2.5 | 2425 | 28 |
| 13528 Twin Creek Ln | Detached | $679,900 | 4 | 3.5 | 3171 | 88 |
| 3211 Westview Ct | Detached | $705,000 | 4 | 3.5 | 3325 | 287 |
| 17356 Bryant Rd | Detached | $724,900 | 3 | 3 | 3140 | 36 |
| 13581 Goodall Rd | Detached | $749,000 | 3 | 2 | 1220 | 174 |
| 13774 Melrose Pl | Detached | $788,950 | 4 | 4.5 | 4940 | 1 |
| 615 4th St | Detached | $899,000 | 3 | 2.5 | 392 | |
| 18325 Crestline Dr | Detached | $1,240,000 | 5 | 4 | 5418 | 32 |
Sold/Closed (Apr 28-May 4, 2014)
| Address | Type | List Price | Closed Price | Sq Ft | CDOM |
| 5063 Foothills Dr #14 | Condo | $184,900 | $183,000 | 1050 | 68 |
| 1374 Boca Ratan Dr | Attached | $265,000 | $266,690 | 1393 | 14 |
| 635 1st St | Attached | $289,900 | $275,000 | 1100 | 7 |
| 2697 Lookout Ct | Detached | $419,000 | $420,000 | 2,219 | 5 |
| 16311 Inverurie Rd | Detached | $597,000 | $539,000 | 2047 | 127 |
| 17613 Woodhurst Pl | Detached | $649,000 | $630,000 | 4622 | 75 |
| 14069 Edenberry Dr | Detached | $699,900 | $699,900 | 3445 | 3 |
| 18982 Bryant Rd | Detached | $719,900 | $710,000 | 3438 | 29 |
| 752 E Ave | Detached | $1,098,950 | $922,500 | 2818 | 248 |
| 840 Evergreen Rd | Detached | $934,000 | $934,000 | 2902 | 0 |
| 12 Dover Way | Detached | $1,588,000 | $1,450,000 | 7658 | 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 ~ Apr 21-27, 2014
Here is your Latest Market Data: Last week in Lake Oswego we saw 21 New properties enter the market, 17 move to Pending status, and 17 “Closed”/Sold.
Following is the breakdown according to RMLS:
NEW on MKT (Apr 21-27, 2014)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 370 CERVANTES CIR | $133,000 | 2 | 1 | 832 | CONDO |
| 109 OSWEGO SMT #109 | $149,900 | 2 | 2 | 1212 | CONDO |
| 1728 BOCA RATAN DR | $275,000 | 3 | 2 | 1393 | ATTACHD |
| 16 POLONIUS ST | $434,900 | 3 | 2.1 | 2588 | DETACHD |
| 14584 WILMOT WAY | $439,000 | 4 | 2.1 | 1939 | DETACHD |
| 29 DEL PRADO ST | $459,900 | 4 | 2 | 2972 | DETACHD |
| 9 JUAREZ ST | $499,000 | 3 | 3.1 | 2823 | DETACHD |
| 13152 VERMEER DR | $525,000 | 3 | 2.1 | 2092 | DETACHD |
| 33 MORNINGVIEW CIR | $550,000 | 3 | 2.1 | 2737 | DETACHD |
| 5657 GRAND OAKS DR | $579,900 | 3 | 2.1 | 2783 | DETACHD |
| 577 LAUREL ST | $629,900 | 4 | 3.1 | 2747 | DETACHD |
| 531 LAUREL ST | $629,900 | 4 | 3.1 | 2771 | DETACHD |
| 117 FURNACE ST | $659,000 | 2 | 2.1 | 1885 | CONDO |
| 18717 PILKINGTON RD | $674,900 | 4 | 2.1 | 2684 | DETACHD |
| 1876 PALISADES LAKE CT | $697,900 | 3 | 2.1 | 3178 | DETACHD |
| 435 8TH ST | $759,000 | 3 | 3.1 | 2394 | DETACHD |
| 4393 SUNDEW CT | $784,900 | 4 | 2.1 | 4881 | DETACHD |
| 3 MOUNTAIN VIEW LN | $839,900 | 5 | 3.2 | 3672 | DETACHD |
| 3900 CANAL RD | $938,950 | 4 | 3.1 | 3759 | DETACHD |
| 980 EVERGREEN RD | $2,195,000 | 5 | 5.2 | 5644 | DETACHD |
| 14733 UPLANDS DR | $2,295,000 | 6 | 5.2 | 7088 | DETACHD |
PENDING SALES (Apr 21-27, 2014)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 4 TOUCHSTONE #87 | $123,000 | 2 | 2 | 984 | CONDO | 20 |
| 195 OSWEGO SUMMIT | $179,900 | 2 | 2 | 1506 | CONDO | 314 |
| 16775 WESTVIEW DR | $375,000 | 3 | 2.1 | 1830 | DETACHD | 56 |
| 5213 ROSEWOOD ST | $379,900 | 3 | 2.1 | 1934 | DETACHD | 76 |
| 342 5TH ST | $399,000 | 2 | 1 | 872 | DETACHD | 5 |
| 17151 CAMPUS WAY | $419,000 | 4 | 2 | 2418 | DETACHD | 14 |
| 5063 GREENSBOROUGH CT | $425,000 | 3 | 2.1 | 1647 | DETACHD | 2 |
| 3801 OLSON CT | $469,900 | 5 | 3 | 3014 | DETACHD | 5 |
| 3102 DUNCAN DR | $499,000 | 4 | 3.1 | 3910 | DETACHD | 22 |
| 4546 AUBURN LN | $499,900 | 3 | 3.1 | 2732 | ATTACHD | 22 |
| 2401 GLEN HAVEN RD | $535,000 | 4 | 3 | 2779 | DETACHD | 15 |
| 16126 INVERURIE RD | $579,000 | 4 | 2.1 | 2492 | DETACHD | 15 |
| 14385 PFEIFER DR | $749,000 | 4 | 3.1 | 3891 | DETACHD | 5 |
| 13515 STREAMSIDE DR | $749,900 | 5 | 4.1 | 4357 | DETACHD | 264 |
| 5112 WOODCREST LN | $789,900 | 4 | 4.1 | 3340 | DETACHD | 27 |
| 3727 UPPER DR | $965,000 | 3 | 3.1 | 4731 | DETACHD | 74 |
| 1793 ATHERTON DR | $1,350,000 | 4 | 5 | 6500 | DETACHD | 327 |
SOLD (Apr 21-27, 2014)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 1501 BOCA RATAN DR | $284,900 | $292,000 | 3 | 2.1 | 1739 | ATTACHD | 2 |
| 4185 CHILDS RD | $319,900 | $298,000 | 3 | 1.1 | 1175 | DETACHD | 196 |
| 639 2ND ST | $380,000 | $340,000 | 2 | 2 | 1457 | ATTACHD | 27 |
| 1880 KILKENNY DR | $415,000 | $380,000 | 4 | 3 | 2778 | DETACHD | 140 |
| 27 ORIOLE LN | $387,000 | $395,000 | 4 | 2.1 | 1851 | DETACHD | 2 |
| 7 DEL PRADO ST | $445,000 | $465,000 | 4 | 3 | 2232 | DETACHD | 4 |
| 312 2ND ST | $480,000 | $475,000 | 3 | 3.1 | 1938 | ATTACHD | 9 |
| 18020 JENIFERS WAY | $589,800 | $600,000 | 4 | 2.1 | 2966 | DETACHD | 619 |
| 4720 LAKEVIEW BLVD | $649,000 | $634,500 | 4 | 3.1 | 2939 | DETACHD | |
| 17479 BROOKHURST DR | $675,000 | $655,000 | 4 | 2.1 | 3552 | DETACHD | 64 |
| 13276 DEERFIELD CT | $749,000 | $710,000 | 4 | 2.1 | 3066 | DETACHD | 123 |
| 140 FURNACE ST | $799,000 | $750,000 | 3 | 3.1 | 3633 | DETACHD | 10 |
| 620 9TH ST | $899,000 | $899,000 | 3 | 3.1 | 2780 | DETACHD | 2 |
| 316 RIDGEWAY RD | $1,225,000 | $1,150,000 | 4 | 3 | 3877 | DETACHD | 29 |
| 931 Atwater RD | $1,479,000 | $1,500,000 | 4 | 4.1 | 4764 | DETACHD | |
| 1098 CHANDLER RD | $2,145,000 | $2,145,000 | 4 | 3.1 | 3696 | DETACHD | 10 |
| 3690 LAKEVIEW BLVD | $3,950,000 | $3,500,000 | 5 | 5.1 | 6366 | DETACHD | 22 |
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 Apr 14-20, 2014
Here is your Latest Market Data: Last week in Lake Oswego we saw 19 New properties enter the market, 23 move to Pending status, and 12 “Closed”/Sold.
Following is the breakdown according to RMLS:
New on Market (Apr 14-20, 2014)
| Address | Type | Price | BR | Bths | SF |
| 15 Oswego Summit | Condo | $131,000 | 2 | 2 | 1212 |
| 44 Eagle Crest Dr #37 | Condo | $131,900 | 2 | 1 | 908 |
| 210 S State St #8 | Condo | $339,000 | 2 | 2.5 | 1492 |
| 18307 Longfellow Ave | Detached | $359,900 | 3 | 2 | 1440 |
| 342 5th St | Detached | $399,000 | 2 | 1 | 872 |
| 1710 Meadows Dr | Detached | $399,900 | 3 | 2 | 1677 |
| 4956 Galen St | Detached | $399,999 | 4 | 2.5 | 2431 |
| 38 Northview Ct | Attached | $460,000 | 4 | 4 | 3125 |
| 1858 Southshore Blvd | Detached | $484,000 | 4 | 2 | 2068 |
| 5023 Hampton Ct | Detached | $509,900 | 3 | 2 | 2284 |
| 99 Garibaldi St | Detached | $525,000 | 4 | 2.5 | 2626 |
| 18060 Cardinal Dr | Detached | $529,900 | 3 | 3.5 | 2547 |
| 4303 Sundew Ct | Detached | $599,000 | 4 | 2.5 | 3355 |
| 14385 Pfeifer Dr | Detached | $749,000 | 4 | 3.5 | 3891 |
| 752 8th St | Detached | $1,250,000 | 4 | 3.5 | 4550 |
| 688 Iron Mountain Rd | Detached | $1,299,000 | 4 | 4.5 | 4143 |
| 17735 Kelok Rd | Detached | $1,429,000 | 4 | 3 | 4021 |
| 616 Cabana Ln | Detached | $2,895,000 | 4 | 4 | 3800 |
Pending Sales (Apr 14-20, 2014)
| Address | Type | Price | BR | Baths | SF | DOM |
| 13060 Elk Rock Rd "A" | Detached | $150,000 | 1 | 1 | 502 | 87 |
| 5059 Foothills Dr #105 | Condo | $185,000 | 2 | 2 | 991 | 0 |
| 1531 Cedar St | Detached | $199,900 | 2 | 1 | 832 | 6 |
| 5052 Foothills Dr E | Condo | $249,900 | 2 | 2 | 1252 | 7 |
| 23 Block Terrace | Attached | $269,000 | 2 | 2 | 1394 | 7 |
| 39 Greentree Ct | Attached | $270,000 | 3 | 1.5 | 1664 | 7 |
| 1210 Pine St | Detached | $299,950 | 3 | 1.5 | 1720 | 5 |
| 4514 Lower Dr B3 | Condo | $318,800 | 2 | 2.5 | 1644 | 17 |
| 4490 Lakeview Blvd | Detached | $349,900 | 3 | 2 | 1727 | 2 |
| 2719 Greentree Rd | Detached | $429,950 | 5 | 3.5 | 3886 | 200 |
| 4910 Lower Dr | Detached | $499,900 | 3 | 2.5 | 2151 | 376 |
| 318 2nd St | Attached | $499,900 | 3 | 3.5 | 2098 | 8 |
| 4344 Snowbrush Ct | Detached | $529,000 | 4 | 3.5 | 3422 | 698 |
| 35441 Red Cedar Way | Detached | $539,000 | 4 | 3 | 1964 | 152 |
| 2445 Park Rd | Detached | $549,500 | 5 | 3 | 3228 | 46 |
| 16198 Nola Ct | Detached | $598,950 | 4 | 2.5 | 2425 | 13 |
| 10 Buckingham Terrace | Detached | $599,000 | 4 | 3 | 3763 | 4 |
| 17900 Canal Rd | Detached | $599,000 | 4 | 3 | 2992 | 141 |
| 14559 Pfeiffer Way | Detached | $698,950 | 4 | 2.5 | 3356 | 3 |
| 16589 Woodsman Ct | Detached | $749,000 | 5 | 3.5 | 5113 | 12 |
| 14640 Uplands Dr | Detached | $779,000 | 4 | 3 | 2675 | 17 |
| 17224 Cedar Rd | Detached | $825,000 | 3 | 2 | 3098 | 179 |
| 16767 Graef Circle | Detached | $1,499,000 | 4 | 4.5 | 4320 | 171 |
Sold/Closed (Apr 14-20, 2014)
| Address | Type | List Price | Closed Price | Sq Ft | CDOM |
| 86 Kingsgate Rd E-104 | Condo | $127,000 | $125,000 | 938 | 23 |
| 65 Oswego Summit | Condo | $146,000 | $138,000 | 1140 | 53 |
| 48 Eagle Crest Dr 4A | Condo | $169,000 | $140,000 | 1489 | 101 |
| 4 Touchstone #128 | Condo | $154,900 | $152,000 | 1,350 | 39 |
| 28 Greenridge Ct | Attached | $294,950 | $288,500 | 1900 | 143 |
| 62 Wheatherstone Ct | Condo | $349,000 | $344,500 | 2465 | 4 |
| 17560 Westview Dr | Detached | $495,000 | $515,000 | 2590 | 3 |
| 5206 Royal Oaks Dr | Detached | $525,000 | $522,250 | 3038 | 7 |
| 14113 Amberwood Circle | Detached | $684,000 | $639,000 | 3514 | 39 |
| 2481 Marylshire Ln | Detached | $675,000 | $640,000 | 4154 | 230 |
| 881 C Ave | Detached | $969,000 | $969,000 | 3128 | 0 |
| 202 Berwick Rd | Detached | $2,250,000 | $1,950,000 | 5679 | 179 |
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
Open Houses ~ Easter & Passover 2014
Easter is Here! Dianne and I hope that you are enjoying some relaxation time with Loved Ones. We will be basking in the Oregon Sunshine and doing some relaxing ourselves. May this holiday signal a Newness in Your Life in some way that you have been wishing for.
Happy Easter & Passover!
Dianne and Linda
Oh… and there is one home being held Open according to RMLS : )
| Address | L/Price | # Beds | # Baths | Total SF | Prop Cat | OPEN |
| 1273 WELLS ST | $789,000 | 4 | 3 | 4091 | DETACHD | 1-4 PM |
News & Notes
Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) numbers:
The numbers are in, and in the month of March 2014 in the Portland area is still showing upward momentum!
According to the RMLS Market Action Report for the Portland Metro Area March, 2014:
- At 1,857, March Closed Sales ware up 26.6% from February’s 1,467, and/but 4% lower than March 2013.
- There were 3,090 New Listings in March… 31.3% higherer than February’s 2.354, and also up 2.9% from last March 2013.
- The Average Sale Price in March was $328,100, up $2,600. from February’s $325,500.
- March Pending Sales (accepted offers) were up 37.1% from February, and/but down 3.6% from March 2013.
The combined areas of Lake Oswego and West Linn for March reported:
- 430 Active Listings
- 201 New Listings
- 146 Pending Sales
- 109 Closed Sales
- An average Sale Price of $519,900.
- Average Time on the Market: 110 Days