Tag: real estate in Lake Oswego

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Market Activity June 18-24, 2018

Sure seems like time is flying! We are already at the end of June and 4th of July is next week. If you are considering a move this summer so that you are settled in time for the start of school at the end of summer, there is still time to make that happen. And if you are thinking of settling here in LO, you’ve got some great houses to choose from. Last week in LO we had 23 new listing come on the market. We also had 19 houses go into pending status and 22 closed/sold sales.

Following is the breakdown for you according to RMLS:

New on the Market (June 18-24, 2018)

Address Type Price BR Baths Sq Ft
4 Touchstone #122 Condo $186,000 2 2 984
237 Cervantes Condo $229,500 2 1.5 1216
149 Oswego Summit Condo $234,000 2 2 1212
452 S State St Condo $294,900 3 1 1659
17839 Tamara Ave Detached $445,000 3 1.5 1562
15008 Twin Fir Rd Detached $494,900 7 2.5+.5+.5+.5 3532
18820 SW 65th Ave Detached $499,900 3 2.5 2268
1039 Spruce St Detached $549,900 3 1.5 1486
5475 Willow Ct Attached $599,000 3 2.5 2438
1179 Larch St Detached $609,900 3 2 3206
4639 Black Forest Ct Detached $665,000 4 2.5 2197
15 Del Prado St Detached $725,000 4 2.5 2185
1731 Woodland Terrace Detached $745,000 4 2.5 2714
3015 Wembley Park Rd Detached $799,000 3 1 2146
927 Oak St Detached $895,000 5 3.5 2864
2013 Ridgewood Rd Detached $901,000 4 2.5 3181
15776 Inverurie Rd Detached $999,000 3 2 2350
4750 Upper Dr Detached $1,289,900 5 3.5 3091
5450 Childs Rd Detached $1,700,000 5 3.5 4114
5450 Childs Rd Lot 2 Detached $1,800,000 4 3.5 3896
260 Iron Mountain Blvd Detached $2,498,000 4 4.5+.5 6048
2896 Lakeview Blvd Detached $2,890,000 5 4.5 4244

Pending Sales (June 18-24, 2018)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #51 Condo $165,000 1 1 620 37
153 Oswego Summit Condo $215,000 2 2 1383 57
3433 McNary Pkwy #501 Condo $225,000 2 2 1136 8
8 Bernini Ct Detached $485,000 3 2 1465 7
4 Adams Ct Detached $497,000 4 2.5 2287 12
14332 Sherbrook Pl Detached $514,900 3 2.5 1770 35
1842 Kilkenny Dr Detached $525,000 3 2 1988 13
45 Aquinas St Detached $699,900 4 2.5 2981 32
14636 Doris Ave Detached $725,000 3 2 2451 2
14322 Edenberry Dr Detached $799,900 4 2.5 2806 9
154 Berwick Rd Detached $839,000 5 3.5 3020 5
17960 Meadowlark Ln Detached $899,000 4 3.5 3400 34
4090 Westbay Rd Detached $924,950 3 2 2078 1
16101 Parelius Circle Detached $995,000 4 3 3974 235
4749 Upper Dr Detached $1,179,000 4 2.5 3285 171
13707 Fielding Rd Detached $1,195,000 4 3 3337 30
18493 Ray Ridge Dr Detached $1,200,000 4 3.5+.5+.5 4367 43
811 Northshore Rd Detached $1,750,000 5 4 4948 2
1810 Northsore Rd Detached $1,850,000 5 3 3553 22

Sold/Closed (June 18-24, 2018)

Address Type List Price Sold Price Sq FT CDOM
322 Cervantes Circle Condo $190,000 $190,000 832 8
44 Eagle Crest Dr #29 Condo $194,500 $194,500 798 5
3672 Spring Ln 4A Condo $329,900 $335,000 1117 7
18543 Don Lee Way Detached $400,000 $405,000 1099 7
110 Kingsgate Rd Detached $424,900 $412,500 1669 68
5465 Childs Rd Detached $450,000 $425,000 1487 40
4 Summit Ridge Ct Attached $440,000 $440,000 1576 14
4144 Sunset Dr Detached $579,000 $580,000 2462 5
4690 Auburn Ln Attached $657,900 $640,000 2750 98
13104 Rogers Rd Detached $699,900 $682,230 2646 1
720 Maple St Detached $699,000 $685,000 3966 56
577 2nd St Condo $750,000 $750,000 1349 0
1128 Lake Shore Rd Detached $799,000 $799,000 1397 22
17503 Cherry Ct Detached $945,000 $900,000 4267 71
940 Cumberland Rd Detached $895,000 $905,000 2992 3
9.5 Hillshire Dr Detached $949,950 $950,000 3735 2
14053 Amberwood Circle Detached $975,000 $980,000 3126 4
3940 Canal Rd Detached $1,050,000 $985,000 3838 69
144 Leonard St Detached $1,095,000 $990,000 3363 26
13597 Rogers Rd Detached $1,149,000 $1,050,000 3945 276
2057 Summit Dr Detached $1,195,000 $1,195,000 4694 105
1515 Glenmorrie Dr Detached $1,532,500 $1,532,500 4312 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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News & Notes ~ May 2018

Happy Summertime!

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

  • According to the RMLS Market Action Report for the Portland Metro Area, May, 2018:
    • There were 4,665 New Listings in May 2018 which was up 6.3% from May of 2017’s 4,388, and up 16.9% from the previous month/April of 2018’s total of 3,990. ***This was the strongest may for New Listings since 2008 when the number was 5,182.
    • At 2,803, May Closed Sales fell  3.2% from May 2017’s 2,896, and/but were up 11.1% from the previous month/April 2018’s total of 2,523.
    • May’s Pending Sales (accepted offers), at 3,201 dropped 6.8% from May of 2017’s 3,435, but were up 6.4% from the previous month/April 2018’s total of 3,008
    • The Average Sale Price in May of $460,700 was up $20,500 from May 2017’s $440,200, and also up from April 2018’s $452,000 by $8,700.   

Neighborhoods: May’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $418,700              5.7%   (Apr 428,500)
  • NE Portland:  $504,700                   7.0%   (Apr 491,000 )
  • SE Portland:  $404,900                   7.3%   (Apr 422,400)
  • Gresham/Troutdale:   $346,000   10.9%   (Apr 348,400)
  • Milwaukie/Clackamas:  $427,900  8.3%   (Apr 430,200 )
  • Oregon City/Canby:   $435,800      7.4%   (Apr 419,300)
  • Lake Oswego/West Linn:$718,200 7.5%   (Apr 630,500)
  • West Portland:    $603,300             1.2%   (Apr 598,800)
  • NW Wash County:  $564,500          5.0%   (Apr 525,700)
  • Beaverton/Aloha:     $388,700        8.9%   (Apr 394,600)
  • Tigard/Wilsonville:   $471,700        8.8%   (Apr 491,900)
  • Hillsboro/Forest Grove: $397,400  8.4%   (Apr 389,700)

LAKE OSWEGO:

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

    •  341 Active Listings   (Apr 341)
    •  261 New Listings     (Apr 261)
    •  192 Pending Sales  (Apr 192)
    •  154 Closed Sales      (Apr 154)
    • Average Sale Price for May: $718,200  (Apr 630,500)
      • 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.
    •  63 Average Days on the Market   (Apr 63)
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Market Activity ~ June 11-17, 2018

Last week 21 New properties entered the market in Lake Oswego, 23 moved to Pending status, and 26 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (June 11-17, 2018)

Address List Price # Bedrs # Baths Total SF Prop Type
47 EAGLE CREST DR #21 $199,000 2 1 932 CONDO
39 OSWEGO SMT / Grnd $225,000 2 2 1212 CONDO
12 OSWEGO SMT $249,000 2 2 1140 CONDO
4000 CARMAN DR #C49 $349,500 2 1.1 1004 CONDO
6321 ALYSSA TER $379,000 3 2.1 1546 TOWNHSE
34 WHEATHERSTONE #17 $410,000 3 2.1 1692 CONDO
1731 ASPEN CT $419,500 3 2 1440 DETACHD
49 TANGLEWOOD DR $595,000 4 0.3 2491 DETACHD
1878 SOUTHSHORE BLVD $595,000 4 2.1 2594 DETACHD
5117 GREENSBOROUGH CT $650,000 3 2.1 1560 DETACHD
17036 CRESTVIEW DR $675,000 4 3 2768 DETACHD
15368 WALUGA DR $675,000 3 2 1876 DETACHD
19233 INDIAN SPRINGS RD $745,000 4 4.1 3485 DETACHD
18028 GIMLEY CT $774,900 4 2.1 3454 DETACHD
14322 EDENBERRY DR $799,990 4 2.1 2806 DETACHD
17144 WARREN CT $850,000 4 2.1 2778 DETACHD
5726 CHARLES CIR $869,500 4 3.1 3196 DETACHD
17600 UPPER CHERRY LN $1,168,000 4 3.1 3900 DETACHD
17661 WOODHURST PL $1,170,000 4 3.5 4840 DETACHD
140 BERWICK RD $1,295,000 4 2.1 3114 DETACHD
13047 KNAUS RD $1,295,000 4 3.2 4176 DETACHD

PENDING SALES (June 11-17, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4615 LAKEVIEW BLVD / Grnd $199,900 1 1 753 CONDO 31
26 CERVANTES CIR / Grnd $215,000 2 1.1 912 CONDO 25
572 S STATE ST / Uppeer $250,000 2 1 914 CONDO 6
48 EAGLE CREST DR #1C $285,000 2 2 1370 CONDO 25
28 NORTHVIEW CT $500,000 3 3 2092 ATTACHD 63
10 CHURCHILL DOWNS $520,000 4 3 2080 DETACHD 36
15115 TWIN FIR RD $549,000 3 2 1400 DETACHD 5
14273 AMBERWOOD CIR $549,000 3 2.1 2350 DETACHD 4
19350 MARLIN AVE $549,000 4 2 1820 DETACHD 56
1129 CHERRY LN $579,950 3 2.1 2196 DETACHD 5
18679 INDIAN CREEK DR $600,000 4 2.1 2276 DETACHD 48
4220 ALBERT CIR $615,000 4 3 2405 DETACHD 20
2660 LOOKOUT CT $624,500 3 3 2565 DETACHD 43
17226 TUALATIN ST $649,000 4 2.1 1984 DETACHD 16
6072 CLAIRMONT CT $700,000 4 3 2653 DETACHD 45
630 9TH ST $849,000 4 3 2576 DETACHD 19
3144 GLENMORRIE DR $880,000 3 2.1 2582 DETACHD 162
5416 SOUTHWOOD DR $899,000 4 2.1 3340 DETACHD 3
2949 WESTVIEW CIR $989,900 4 3 3326 DETACHD 3
19626 PERCH CT $1,099,000 4 2.1 3494 DETACHD 4
441 8TH ST $1,179,900 4 3 2748 DETACHD 169
13348 LESLIE CT $1,200,000 4 2.1 3863 DETACHD 1
936 EVERGREEN RD $1,975,000 3 2.1 3772 DETACHD 6

SOLD (June 11-17, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE $239,000 $231,500 3 4.1 1351 CONDO 27
750 1ST ST $297,000 $305,000 2 2 1350 CONDO 5
3986 CARMAN DR $317,500 $325,000 2 2.1 1107 CONDO 55
4442 THUNDER VISTA LN $335,000 $332,000 2 2.1 1829 CONDO 29
1857 BOCA RATAN DR $388,000 $388,000 3 2 1611 TOWNHSE 3
99 KINGSGATE RD $449,950 $425,000 2 2 1224 DETACHD 23
18963 LONGFELLOW AVE $449,750 $449,750 3 1.1 1239 DETACHD 228
15370 QUARRY RD $489,900 $480,900 3 1.1 1540 DETACHD 7
106 KINGSGATE RD $489,900 $500,000 3 2.1 1669 DETACHD 5
1605 MEADOWS DR $570,000 $575,000 3 2 2186 DETACHD 7
1483 WOODLAND TER $769,900 $575,100 4 2.1 2861 DETACHD 147
1991 GREENTREE RD $625,000 $611,500 4 3 2655 DETACHD 89
377 LIVINGOOD LN $624,000 $629,000 3 2.1 2409 DETACHD 2
2814 VALE CT $700,000 $685,000 4 3 3192 DETACHD 21
97 GARIBALDI ST $749,000 $800,000 3 2.1 3559 DETACHD 4
9 BUCKINGHAM TER $798,000 $843,000 4 3 2766 DETACHD 5
14041 EDENBERRY CT $775,000 $860,000 4 2.1 3077 DETACHD 8
19158 MEGAN PL $900,000 $880,000 4 3.1 4910 DETACHD 50
5566 LUCE LN $990,000 $950,000 5 3 3088 DETACHD 39
1299 COUNTRY CMNS $1,229,000 $1,150,000 4 4.1 3710 DETACHD 13
888 FAIRWAY RD $1,360,000 $1,210,000 4 2.2 5788 DETACHD 192
13615 WESTLAKE DR $1,350,000 $1,275,000 4 4.1 4050 DETACHD 130
18040 SKYLAND CIR $1,345,000 $1,345,000 4 2.2 4140 DETACHD 2
3914 EDENS EDGE DR $1,548,000 $1,548,000 5 5.2 6635 DETACHD 11
1655 LESLIE LN $1,725,000 $1,665,000 4 3.1 4805 DETACHD 341
1500 RIDGECREST DR $1,797,000 $1,675,000 5 5 4817 DETACHD 307

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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Featured Property: 19 Juarez St

This is just a stunning house. I am super excited to be representing it’s owners as it is sold. Full disclosure, the house received an accepted offer the day it was put up for sale. I think this speaks to two things. First, contemporary homes are super popular right now. I’ve been in this business long enough to remember a time when traditional homes was what was hot and the contemporaries were slow to sell. That is not the case in 2018. Contemporary homes are hot, hot, hot. Second, it pays to take good care of your property. The owners of this house have really enjoyed it and done improvements over the entire time that they have owned it and it shows.

The house is in Lake Oswego but just across the county line into Multnomah County. It is part of the Mountain Park Home Owner’s Association. This means it has access to the wonderful rec facility with swimming, weightroom, basketball, a big reception room, and 15 miles of walking paths.

It was built in 1982 and has 3584 square feet with 3 bedrooms, 2 bonus rooms, a living room, and a family room. It’s a 2 car garage. There are valley views to the South and 6 big decks take advantage of those views. The asking price was $739,900. We are in escrow and going through the home inspection process. I am confident of the solidness of the current buyer, but I am also keeping a list of people who want to be contacted if it comes back onto the market. Please let me know if you want to be added to that list.

Enjoy the weekend!
Dianne

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This Week in Lake Oswego

Well, Summertime is upon us & there are loads of activities to choose from in Lake Oswego!  Here are my picks for things happening this week! (I stayed away from meetings and focused on mostly family fun : )

Mon, June 11th 2018– 9:15am – LO Walkers! -Explore Tryon Creek, Foothills, Willamette Park & more! (Mon/Wed/Sat) CLICK HERE

Tue, June 12th, 2018 – 7:00pm – 8:00pm – Thor Spyros who studied photography with Ansel Adams will share stories from his lifetime with  “My Life, My Adventure”  – Lake Oswego Library   CLICK HERE  

Wed, June 13th, 2018 1:00pm – 2:00pm – Performing Arts/Ronnie Robbins – Brooklyn-born guitarist and singer-songwriter Ronnie Robins will present a concert of Bossa Nova, Samba and MPB, as well as some of his original songs at the Lake Oswego Library! CLICK HERE

Thu, June 14th, 2018 – 9:30am – 12:30pm – Creative Hands – Join this group of volunteers who handcraft projects with donated materials which are made into useful items and then donated to various non-profit associations- Contact the ACC at 503-635-3758 for more information.  CLICK HERE

Fri, June 15th, 2018 10:30am – 11:00am (every Friday/Birth-12 months  ; )- Baby Storytime– Lake Oswego Library  CLICK HERE

 

 

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Market Activity ~ May 29-June 3, 2018

Last week 19 New properties entered the market in Lake Oswego, 14 moved to Pending status, and 29 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (May 29-June 3, 2018)

Address List Price # Beds # Baths Total SF Prop Type
1120 BOCA RATAN DR $360,000 3 2 1611 ATTACHD
4308 BOTTICELLI ST $424,950 3 3.1 2098 TOWNHSE
668 MCVEY AVE #12 $435,000 3 1.1 992 CONDO
31 PARTRIDGE LN $610,000 4 3 3125 DETACHD
17310 CANYON DR $649,000 5 3 2716 DETACHD
17976 CARDINAL DR $665,000 4 2.1 2936 DETACHD
5687 LA MESA CT $704,999 4 3 2458 DETACHD
17640 TREE TOP WAY $739,000 4 3 2718 DETACHD
17965 LAKE HAVEN DR $749,000 4 3.1 2764 DETACHD
5027 ROSEWOOD ST $874,950 4 3.1 3188 DETACHD
5853 SOUTHWOOD DR $875,000 5 2.1 3707 DETACHD
30 HILLSHIRE DR $949,950 4 2.1 3725 DETACHD
950 OAK TER $1,150,000 4 2.1 3787 DETACHD
125 MIDDLECREST RD $1,479,000 4 3.1 3242 DETACHD
19376 RIVERWOOD LN $1,600,000 4 3.1 4762 DETACHD
1099 TERRACE DR $1,799,950 5 4.1 4965 DETACHD
1810 NORTHSHORE RD $1,850,000 5 3 3553 DETACHD
1101 FOREST MEADOWS WAY $2,295,000 4 3.1 5001 DETACHD
320 CHANDLER PL $2,895,000 5 3.1 4675 DETACHD

PENDING SALES (May 29-June 3, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD G101 $219,000 2 2 840 CONDO 6
48 EAGLE CREST DR #4E $299,000 2 2 1489 CONDO 48
1381 BONNIEBRAE DR $305,000 3 1.1 1303 TOWNHSE 3
8 BRITTEN CT $389,900 2 2 1175 ATTACHD 36
6123 FROST LN $510,000 3 2.1 2214 DETACHD 0
5153 JEAN RD $570,000 8 3 2400 DETACHD 15
18 JUAREZ ST $595,000 3 2.1 2521 DETACHD 10
4746 AMHERST CT $599,000 3 2.1 2985 ATTACHD 310
75 TOUCHSTONE $685,000 4 2.1 2373 DETACHD 49
5747 VICTORIA CT $694,000 4 2.1 2432 DETACHD 28
18462 ANDUIN TER $699,000 4 2.1 2982 DETACHD 109
17986 SAINT CLAIR DR $699,500 4 3 2750 DETACHD 19
630 9TH ST $849,000 4 3 2576 DETACHD 5
4635 DOGWOOD DR $895,000 3 3 4584 DETACHD 612

SOLD (May 29-June 3, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
354 CERVANTES CIR #1C $205,000 $198,500 2 1.1 912 CONDO 18
4000 CARMAN DR #A7 $214,900 $214,900 2 2 866 CONDO 6
200 BURNHAM RD #203 $222,000 $220,000 2 1 1160 CONDO 18
805 MAPLE ST $419,900 $447,000 3 2 2344 DETACHD 3
1137 SPRUCE ST $479,900 $484,900 3 2 1214 DETACHD 3
668 MCVEY AVE / Grnd $500,000 $500,000 3 1.1 992 CONDO 27
17132 REBECCA LN $505,505 $505,505 3 2.1 1763 DETACHD 7
4391 UPPER DR $549,000 $510,000 4 2.1 1740 DETACHD 22
5071 W SUNSET DR $529,900 $515,000 2 2.1 1734 TOWNHSE 34
4555 WILDWOOD ST $499,000 $527,600 3 2 1565 DETACHD 6
17288 TUALATIN ST $598,800 $621,000 3 2.1 1820 DETACHD 3
14145 REDWOOD CT $675,000 $642,000 4 3 2558 DETACHD 71
4 BERNINI CT $665,000 $665,000 4 3 3028 DETACHD 10
4051 VIRGINIA WAY $679,333 $703,333 3 2 1750 DETACHD 2
1235 ANDREWS RD $775,000 $776,500 3 2 2506 DETACHD 3
19240 BRYANT RD $799,000 $805,000 4 3 3452 DETACHD 3
754 OAK MEADOW CT $839,900 $851,000 4 2.1 3283 DETACHD 4
13864 AMBERWOOD CIR $900,000 $892,500 4 2.1 3115 DETACHD 4
2715 GLEN EAGLES RD $950,000 $900,000 4 2 2500 DETACHD 130
64 BERWICK RD $949,000 $915,000 4 3.1 3740 DETACHD 23
18151 WESTVIEW DR $895,000 $925,000 5 3.1 3827 DETACHD 3
4305 UPPER DR $950,000 $940,000 5 2.1 3483 DETACHD 191
13507 STREAMSIDE DR $999,000 $1,004,000 4 3.1 3716 DETACHD 2
2643 RIVENDELL RD $1,100,000 $1,020,000 5 3.1 3466 DETACHD 47
1619 BAY VIEW LN $1,224,000 $1,060,000 5 3.1 4922 DETACHD 237
4643 FIRWOOD RD $1,099,000 $1,075,000 3 2.1 2790 DETACHD 25
16206 REESE RD $1,449,900 $1,433,250 4 3.1 3631 DETACHD 0
15567 VILLAGE DR $1,695,000 $1,680,000 5 4 4934 DETACHD 2
16828 ALDER CIR $1,795,000 $1,738,030 3 3 2363 DETACHD 99

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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Be Careful When Wiring Funds

One of the urgent issues that has developed in real estate, and in pretty much any area where large amounts of money are being transferred via wire, is wire fraud. We are all learning to be defensive in what we open that comes into our email in boxes. Never open a link from someone you don’t know, that sort of thing. But the wire fraud scam is very clever. Here is how it works. Thieves hack into email accounts and look for activity that could be a good target. Things like emails from Realtors and Title Companies. They then do an outstanding job of duplicating the official look of the people involved and they watch and wait for when it looks like the sale is coming to the point of money exchanging hands. Then they strike by sending out an official-looking email that tells the recipient to wire their funds needed to close to an account that they have set up. Being a good party to the transaction, the victim wires the requested funds. Boom. They’ve just been ripped off.

The biggest victim I’ve heard of using this technique was Southern Oregon State University. In the course of building a new building on campus they fell victim to someone claiming to be a contractor who needed to be paid. The loss was over a million dollars.

So beware. Realtors and Title companies know this is going on and are taking strong measures to protect clients. I personally have set up a double layer password system that requires a code sent to my cell phone to access my email account. From my end I am working very hard to not be hacked. But there are a few things that you can do as well.

1. Protect email accounts: Perpetrators of wire fraud often carry out their crimes after having hacked an email account. Use a strong password, change it periodically and use two factor authentication on any accounts used in connection with real estate closings. Customers should be strongly encouraged to do the same.

2. Call, don’t email: Customers should confirm all wiring instructions verbally before transferring funds. They should independently verify the phone number of the settlement agent or closing attorney (e.g. website, purchase contract, business card, etc.).

3. Be suspicious: It’s not common for wiring instructions and payment info to change. It’s also not common for the lender to provide wire instructions. A good mortgage company will never provide wire instructions to its homebuyers.

4. Confirm it all: Customers should ask their bank to confirm not only the account number but also the ABA routing number and the name on the account before sending a wire.

5. Verify immediately: Customers should contact the settlement agent or closing attorney to validate that the funds were received. Detecting that funds were sent to the wrong account within 24 hours offers the best chance of recovering the money.

6. Forward, don’t reply: When responding to an email, click on forward instead of reply and then start typing in the person’s email address. Criminals use email addresses that are very similar to the real one for a company. By typing the email addresses, it’s easier to identify if you’re a target of fraud.

7. Use a cashier’s check instead: Customers should consider not wiring funds at all. They should speak with the settlement agent or closing attorney about the procedures for using a cashier’s check instead of sending their funds by wire.

Be smart and be safe out there.

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Market Activity May 21-27, 2018

Looking at the real estate activity in Lake Oswego last week what stands out to me is just how balanced it is. We had nearly identical numbers with 28 new listings, 25 Pending sales, and 29 closed sales. This means that properties are coming onto the market at the same rate that they are selling. It feels very balanced and healthy for both buyers and sellers.

Following is the breakdown for you according to RMLS:

New on the Market (May 21-27, 2018)

Address Type Price BR Baths Sq Ft
4 Touchstone #114 Condo $189,900 2 2 984
3852 Botticelli St Condo $279,000 3 2 1224
5225 Jean Rd #107 Condo $279,900 2 2 1200
48 Eagle Crest Dr 1C Condo $285,000 2 2 1370
12868 Boones Ferry Rd Condo $399,900 2 2.5 1136
17802 Hillside Way Detached $585,000 4 2.5 3026
18 Juarez St Detached $595,000 3 2.5 2521
775 Boca Ratan Dr Detached $599,000 4 3.5 2710
4220 Albert Circle Detached $615,000 4 3 2405
5564 Bonita Rd Detached $649,000 3 2.5 2435
3612 Tempest Dr Detached $695,000 4 3 2819
57 View Ct Detached $755,000 4 2 2600
13000 Rogers Rd Detached $769,900 3 2.5 3252
2251 Summit Dr Detached $799,000 3 3 2874
630 9th St Detached $849,000 4 3 2576
14274 Kimberly Circle Detached $869,000 4 2.5 3231
1828 Palisades Terrace Detached $880,000 4 2.5 3264
981 Cumberland Pl Detached $899,000 4 2 3339
5047 Woodcrest Ln Detached $925,000 4 3.5 3713
16176 Matthew Ct Detached $930,000 4 2.5 3474
515 5th St Detached $995,000 2 1.5 2295
13589 Rogers Rd Detached $1,099,950 4 4 3302
15780 Twin Fir Rd Detached $1,155,000 4 2.5 3107
16717 Sylvan Ct Detached $1,200,000 5 3.5 4953
13575 Meadowcreek Ln Detached $1,239,000 4 2.5 3370
13707 Fielding Rd Detached $1,295,000 4 3 3337
15845 Oswego Shore Ct Detached $2,150,000 4 4.5 5500
1845 Highlands Loop Detached $2,695,000 4 3.5+.5 5001

Pending Sales (May 21-27, 2018)

Address Type Price BR Baths Sq Ft CDOM
322 Cervantes Circle Condo $190,000 2 1 832 8
44 Eagle Crest Dr #29 Condo $194,500 1 1 798 5
20 Cervantes Circle Condo $200,000 2 1.5 912 9
4 Touchstone #62 Condo $209,900 3 2.5 1351 129
26 Cervantes Circle Condo $215,000 2 1.5 912 6
1408 Laurel St Detached $300,000 3 1 850 0
3672 Spring Ln 4A Condo $329,900 2 2 1117 7
16880 Cortez Ct Detached $395,000 3 2.5 1991 19
16141 Parker Rd Detached $435,000 3 1 1008 24
1991 Greentree Rd Detached $625,000 4 3 2655 89
4690 Auburn Ln Attached $649,900 3 3.5 2750 98
13805 Regency Ct Detached $659,000 4 2.5 2087 6
4910 Lower Dr Detached $659,900 3 2.5 2151 196
97 Garibaldi Detached $749,000 3 2.5 3559 4
1128 Lake Shore Rd Detached $799,000 2 1 1397 22
5676 Suncreek Dr Detached $869,000 4 3.5 3312 32
940 Cumberland Rd Detached $895,000 4 3 2992 3
540 Northshore Rd Detached $899,000 4 3 2646 1
475 Iron Mountain Blvd Detached $899,900 4 3.5 3254 23
1563 Bay View Ln Detached $1,199,999 5 4.5 5615 322
4250 Lords Ln Detached $1,249,000 4 3.5 3516 299
1620 Fernwood Dr Detached $1,279,900 3 3.5 3371 47
18137 Meadowlark Ln Detached $1,299,000 4 4.5 5306 258
18475 Crestlline Dr Detached $1,680,000 4 4.5 4740 291
1925 Cheryl Ct Detached $1,848,000 4 5.5 5869 26

Sold/Closed (May 7-13, 2018)

Address Type List Price Sold Price Sq Ft CDOM
750 1st St E33 Condo $197,000 $170,000 986 78
125 Oswego Summit Condo $180,000 $180,000 764 10
4 Touchstone #68 Condo $199,900 $193,798 984 3
52 Oswego Summit Condo $204,900 $204,900 705 15
4 Touchstone #148 Condo $224,900 $205,000 1351 159
3866 Botticelli St #27 Condo $286,500 $278,000 1132 18
668 McVey Ave #74 Condo $285,000 $279,500 636 26
6070 Lakeview Blvd Detached $350,000 $355,000 1416 5
5442 Jean Rd Detached $359,900 $359,900 1224 16
56 Condolea Terrace Condo $575,000 $529,000 2958 161
17323 Ashley Ct Attached $525,000 $535,000 2117 137
3827 Bass Ln Detached $589,000 $584,000 2302 42
3300 Southshore Blvd Detached $599,000 $599,000 1062 8
17915 Ridge Lake Dr Detached $650,000 $615,000 3304 431
17960 Ridge Lake Dr Detached $750,000 $715,000 3124 10
17622 Brookhurst Dr Detached $789,000 $785,000 2909 3
1691 Highland Dr Detached $799,900 $800,000 3314 17
691 7th St Detached $889,500 $850,500 2450 9
18840 Hill Top Rd Detached $1,195,000 $890,000 4216 584
4242 Cobb Way Detached $879,000 $899,000 2337 1
1875 Fernwood Dr Detached $1,249,900 $1,200,000 3279 74
490 G Ave Detached $1,349,000 $1,339,900 2959 0
2230 Wembley Park Rd Detached $1,449,950 $1,400,000 4597 216
16819 Greenbrier Rd Detached $2,250,000 $1,600,000 3022 549
18222 Siena Dr Detached $1,595,000 $1,691,100 3998 2
1955 Highlands Loop Detached $1,995,000 $1,925,000 4012 25
16865 Greenbrier Rd Detached $2,595,000 $2,495,000 6104 33
1210 Chandler Rd Detached $3,488,000 $3,150,000 7455 34
758 Southview Rd Detached $3,800,000 $3,800,000 5179 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.

Posted on

News & Notes ~ April 2018

Greetings to our Property Blotter readers!  The market is in full swing~

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, April, 2018:
    • There were 3,990 New Listings in April 2018 which was up 6.1% from April of 2017’s 3,759, and up 9.4% from the previous month/March of 2018’s total of 3,648.
    • At 2,523, April Closed Sales were up 13.7% from April 2017’s 3,088, and up 6.4% from the previous month/March 2018’s total of 2,371.
    • April’s Pending Sales (accepted offers), at 3,008 dropped 2.6% from April of 2017’s 3,043, but were up 3.9% from the previous month/March 2018’s total of 2,894
    • The Average Sale Price in April of $452,000 was up $23,200 from April 2017’s $428,800, and also up from March 2018’s $445,900 by $6,100.   

Neighborhoods: April’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $428,500              6.0%   (Mar 438,700)
  • NE Portland:  $491,000                   7.6%   (Mar 478,900)
  • SE Portland:  $422,400                   7.7%   (Mar 418,600)
  • Gresham/Troutdale:   $348,400   11.6%   (Mar 356,400)
  • Milwaukie/Clackamas:  $430,200  8.7%   (Mar 423,400)
  • Oregon City/Canby:   $419,300      6.5%   (Mar 396,500)
  • Lake Oswego/West Linn:$630,500 6.6%   (Mar 631,100)
  • West Portland:    $598,800             2.3%   (Mar 597,200)
  • NW Wash County:  $525,700          6.1%   (Mar 550,200)
  • Beaverton/Aloha:     $394,600        9.0%   (Mar 386,000)
  • Tigard/Wilsonville:   $491,900        8.4%   (Mar 456,700)
  • Hillsboro/Forest Grove: $389,700  9.2%   (Mar 403,800)

LAKE OSWEGO:

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

    •  341 Active Listings   (Mar 306)
    •  261 New Listings     (Mar 225)
    •  192 Pending Sales  (Mar 188)
    •  154 Closed Sales      (Mar 117)
    • Average Sale Price for April: $630,500  (Mar 631,100)
      • 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.
    •  63 Average Days on the Market   (Mar 82)
Posted on

Market Activity ~ May 14-20, 2018

Last week 39 New properties entered the market in Lake Oswego, 31 moved to Pending status, and 19 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (May 14-20, 2018)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY #51 $169,000 1 1 620 CONDO
322 CERVANTES CIR/Grnd $190,000 2 1 832 CONDO
16250 PACIFIC HWY #51 $192,500 1 1 841 CONDO
20 CERVANTES CIR $200,000 2 1.1 912 CONDO
26 CERVANTES CIR $215,000 2 1.1 912 CONDO
44 EAGLE CREST DR #1 $230,000 2 1 908 CONDO
3672 SPRING LN #4A $329,900 2 2 1117 CONDO
3101 MCNARY PKWY #6 $395,000 3 2.1 1834 CONDO
668 MCVEY AVE #58 $415,000 3 1.1 992 CONDO
14332 SHERBROOK PL $524,900 3 2.1 1770 DETACHD
17268 FERNWOOD DR $525,000 3 2 2086 DETACHD
8 GROUSE TER $569,000 4 3 2658 DETACHD
5153 JEAN RD $570,000 8 3 2400 DETACHD
328 4TH ST $624,900 2 2.1 1731 TOWNHSE
4515 OAKRIDGE RD $630,000 3 2.1 1981 ATTACHD
13805 Regency CT $659,000 4 2.1 2087 DETACHD
5540 BAY CREEK DR $675,000 3 3 2130 DETACHD
605 COUNTRY CLUB RD $689,000 5 3.1 3422 DETACHD
2765 GLEN HAVEN RD $695,000 4 2.1 2277 DETACHD
17790 OVERLOOK CIR $699,900 4 3 3637 DETACHD
45 AQUINAS ST $699,900 4 2.1 2981 DETACHD
156 DEL PRADO ST $700,000 5 4 4862 DETACHD
17986 SAINT CLAIR DR $725,000 4 3 2750 DETACHD
12 JUAREZ ST $749,000 4 3.2 3735 DETACHD
17502 ERIN CT $749,900 4 3 3056 DETACHD
4 HILLSHIRE DR $804,950 4 2.2 3232 DETACHD
2398 PALISADES CREST DR $829,900 4 2.1 3362 DETACHD
5772 BAY CREEK DR $849,000 5 3 3242 DETACHD
1500 EASTVIEW CT $849,000 4 3.1 3946 DETACHD
13984 CHELSEA DR $864,900 4 2.1 3216 DETACHD
18269 TAMAWAY DR $885,000 4 2.1 3293 DETACHD
18018 GIMLEY CT $890,000 4 3 3612 DETACHD
17960 MEADOWLARK LN $899,000 4 3.1 3400 DETACHD
4145 CHAD DR $929,900 4 2.1 3337 DETACHD
18955 BRYANT RD $1,025,000 4 2.1 3647 DETACHD
116 NORTHSHORE RD $1,100,000 4 2 2702 DETACHD
1180 CHERRY LN $1,150,000 4 4.1 4248 DETACHD
17432 KELOK RD $1,275,000 4 2.1 3023 DETACHD
140 BERWICK RD $1,395,000 4 2.1 3114 DETACHD

PENDING SALES (May 14-20, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
40 OSWEGO SMT/Upper $215,000 2 2 1140 CONDO 4
4 TOUCHSTONE #77 $239,000 3 4.1 1351 CONDO 27
1857 BOCA RATAN DR $388,000 3 2 1611 TOWNHSE 3
18543 DON LEE WAY $400,000 3 1 1099 DETACHD 7
110 KINGSGATE RD $419,900 3 2.1 1669 DETACHD 68
18319 TERRY CT $434,850 3 1.1 1191 DETACHD 4
1137 SPRUCE ST $479,900 3 2 1214 DETACHD 3
106 KINGSGATE RD $489,900 3 2.1 1669 DETACHD 5
19200 REDWING CT $499,900 4 3 2128 DETACHD 41
8 SHERWOOD CT $529,900 3 3.1 3212 DETACHD 138
14555 SHERBROOK PL $549,900 4 2.1 2942 DETACHD 8
1250 HEMLOCK ST $649,900 5 2 2465 DETACHD 13
4007 BRIAN CT $650,000 4 2.1 2282 DETACHD 5
5747 VICTORIA CT $694,000 4 2.1 2432 DETACHD 15
17423 OAK MEADOW LN $720,000 3 2.1 3125 DETACHD 132
20 INDEPENDENCE AVE $724,900 4 3 3900 DETACHD 4
6615 MCEWAN RD $775,000 3 1.1 1492 DETACHD 208
3766 RIVERS EDGE DR $799,000 5 3.1 3428 DETACHD 3
808 TIMBERLINE DR $799,000 4 2.1 3276 DETACHD 81
2484 MARYLSHIRE LN $799,000 4 3.1 4168 DETACHD 30
18360 DELENKA LN $899,900 5 3.1 4349 DETACHD 2
3144 GLENMORRIE DR $899,900 3 2.1 2582 DETACHD 132
19158 MEGAN PL $900,000 4 3.1 4910 DETACHD 50
13020 KNAUS RD $949,000 3 2.1 2545 DETACHD 2
14053 AMBERWOOD CIR $975,000 4 3 3126 DETACHD 4
3940 Canal RD $1,050,000 4 3.1 3838 DETACHD 69
17492 REDFERN AVE $1,099,900 3 2.1 2828 DETACHD 6
2057 SUMMIT DR $1,195,000 4 3.1 4694 DETACHD 105
13615 WESTLAKE DR $1,350,000 4 4.1 4050 DETACHD 130
5220 FIRWOOD RD $1,495,000 3 2.1 2507 DETACHD 9
3300 UPPER DR $2,000,000 4 2 2200 DETACHD 5

SOLD (May 14-20, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
45 EAGLE CREST DR #510 $250,000 $246,900 1 1 830 CONDO 45
5262 ROSEWOOD ST $400,000 $400,000 3 1 1550 DETACHD 7
15256 BOONES WAY $490,000 $477,500 3 2.1 1618 ATTACHD 35
19253 CHILDS CT $530,000 $500,000 3 2 1687 DETACHD 39
4 WESTMINSTER DR $585,000 $585,000 4 3 2142 DETACHD 1
17647 HILL WAY $559,900 $587,900 3 2 1787 DETACHD 4
13861 SHIREVA CT $625,000 $651,000 4 2.1 2377 DETACHD 5
2033 RIDGEWOOD RD $699,000 $680,000 4 2.1 2668 DETACHD 622
343 3RD ST $685,000 $685,000 3 3.1 2044 TOWNHSE 5
16731 ALDER CIR $699,000 $715,000 3 2.1 2301 DETACHD 7
2 SHERWOOD CT $725,000 $750,000 5 3.1 3306 DETACHD 1
2325 OAKHURST LN $789,000 $780,000 5 2.1 3627 DETACHD 51
496 10TH ST $850,000 $850,000 4 2 2854 DETACHD 15
13101 AMBER PL $1,110,000 $872,000 4 2.1 3817 DETACHD 178
4904 LOWER DR $864,900 $874,900 4 3 2844 DETACHD 3
16805 OLD RIVER DR $875,000 $885,000 3 2 1728 DETACHD 9
18171 BRYANT RD $1,247,000 $1,198,000 3 2.1 2984 DETACHD 201
937 F AVE $1,219,900 $1,200,000 5 3 2736 DETACHD 57
752 E AVE $1,250,000 $1,250,000 3 3 2818 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.