Tag: selling a home in Lake Oswego

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Market Activity ~ March 27-April 2, 2017

Last week saw 11 New properties enter the market in Lake Oswego, 15 move to Pending status, and 15 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Mar 27-Apr 2, 2017)

Address List Price # Beds # Baths Total SF Prop Type
181 OSWEGO SMT $237,000 2 2 1383 CONDO
#405 $285,000 2 2 1325 CONDO
668 MCVEY AVE $349,900 2 1 852 CONDO
5053 FOOTHILLS DR #F $365,000 3 2 1252 ATTACHD
5463 TREE ST $485,000 3 1.1 1460 DETACHD
1031 OXFORD DR $549,000 3 2.1 2492 DETACHD
8 PIMLICO TER $695,000 5 3 3120 DETACHD
2397 HILLSIDE LN $739,000 5 3 2950 DETACHD
13327 ATWATER LN $1,395,000 3 3 3004 DETACHD
888 FAIRWAY RD $1,770,000 5 2.2 5788 DETACHD
16819 GREENBRIER RD $1,995,000 4 4 3022 DETACHD

PENDING SALES (Mar 27-Apr 2, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
318 CERVANTES CIR $189,900 2 1 832 CONDO 35
3970 CARMAN DR $250,000 2 2.1 1129 ATTACHD 2
1602 BONNIEBRAE DR $275,000 2 1 864 ATTACHD 7
234 RIDGEWAY RD $289,900 2 1 914 CONDO 11
5056 FOOTHILLS DR #F $350,000 3 2 1252 CONDO 17
3190 DUNCAN DR $439,999 3 2.1 2401 DETACHD 3
2 DEL PRADO ST $550,000 5 4 3287 DETACHD 2
4587 TRILLIUM WOODS $650,000 3 2.1 2211 ATTACHD 2
5533 KENNY ST $700,000 4 3 2900 DETACHD 5
15845 SW Alston WAY $755,000 4 2.1 2682 DETACHD 575
820 BOCA RATAN DR $785,000 4 3.1 2628 DETACHD 263
13 NANSEN SMT $899,900 4 4.1 4625 DETACHD 1340
203 RIDGEWAY RD $949,000 4 3.1 3624 DETACHD 646
18246 BELLA TERRA DR $1,349,900 4 3.1 4196 DETACHD 52
4394 Lords LN $1,350,000 4 3.1 3748 DETACHD

SOLD (Mar 27-Apr 2, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
45 OSWEGO SMT $109,899 $90,000 1 1 764 CONDO 45
16250 PACIFIC HWY #43 $229,000 $226,500 2 2 1311 CONDO 189
5333 TREE ST $400,000 $400,000 3 1 1114 DETACHD 3
1180 OXFORD DR $409,900 $450,000 3 3 1760 DETACHD 8
6462 FROST ST $499,000 $490,000 4 2.1 2279 DETACHD 9
17605 HILL WAY $500,000 $510,000 3 2.1 2054 DETACHD 3
4585 TRILLIUM WOODS $575,000 $587,500 3 2.1 2004 ATTACHD 7
17821 SUNDOWN CT $599,000 $590,000 4 2.1 3368 DETACHD 165
4668 HASTINGS PL $649,900 $649,900 3 2.1 2432 DETACHD 3
1276 ROCKINGHORSE LN $679,900 $685,000 5 3 3304 DETACHD 4
4847 HASTINGS DR $699,000 $710,000 4 2.1 2703 DETACHD 4
2055 RIDGE POINTE DR $775,000 $745,000 5 3 3454 DETACHD 236
115 3RD ST – Upper $799,000 $754,400 4 2.1 2453 CONDO 216
18653 PILKINGTON RD $1,100,000 $1,100,000 4 3.1 3260 DETACHD 6
915 CEDAR ST $1,200,000 $1,200,000 4 3.1 3219 DETACHD 327

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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Market Activity Report, March 20 – 26th, 2017

For the week of March 20 to the 26 we saw a lot of houses moving very quickly. We saw quite a lot selling in less than a week! Wow!

Following is the breakdown for you according to RMLS:

New on the Market (Mar 20-26, 2017)

Address Type Price Bedrooms Bathrooms Sqft
480 S STATE ST CONDO 325,000 3 2 1659
4454 THUNDER VISTA LN CONDO 379,900 3 3.5 1894
2 SUMMIT RIDGE CT ATTACHED 429,900 2 2.5 1750
568 2ND ST ATTACHED 489,900 2 2.5 1395
11 MORNINGVIEW CIR DETACHED 624,426 3 2.5 2845
960 CAPILANO CT DETACHED 630,000 4 3 2416
18706 BRYANT RD DETACHED 674,900 3 2.5 2429
36 MORHNINGVIEW CIR DETACHED 674,900 4 3.5 2953
2734 ORCHARD HILL LN DETACHED 679,000 4 2.5 2814
16872 CANYON DR DETACHED 689,900 5 3.5 4069
1411 CHERRY CREST DR DETACHED 728,000 8 4.3 3155
22 INDEPENDENCE AVE DETACHED 750,000 5 4 4138
820 BOCA RATAN DR DETACHED 785,000 4 3.5 2628
18462 PIONEER CT DETACHED 819,000 5 3 3804
17649 WOODHURST PL DETACHED 995,000 6 4.5 5669
2383 PALISADES CREST DR DETACHED 1,475,000 5 3.5 4310
13612 GOODALL RD DETACHED 1,798,000 5 4.5 4362

Pending Sales (Mar 20-26, 2017)

Address Type Price Bedroom Bathrooms DOM
4606 LOWER DR CONDO 169,900 2 1.5 4
512 S STATE ST CONDO 170,000 1 1 3
201 CERVANTES CONDO 229,000 2 1.5 23
4418 THUNDER VISTA LN CONDO 385,000 3 3.5 12
5340 CHINOOK CT DETACHED 450,000 3 2 26
6040 LAKEVIEW BLVD DETACHED 459,000 3 2 244
5115 FIRWOOD RD DETACHED 479,900 3 2.5 1
5180 SW DAWN ST DETACHED 490,000 3 2 3
3211 ROYCE WAY DETACHED 499,900 3 2.5 14
6276 FROST LN DETACHED 549,000 4 3.5 6
4680 UPPER DR DETACHED 575,000 3 2 4
37 CHURCHILL DOWNS DETACHED 634,000 3 2.5 17
17927 RIDGE LAKE DR DETACHED 669,000 4 2.5 54
17560 WESTVIEW DR DETACHED 670,000 3 2.5 4
366 OLSON CT DETACHED 675,000 5 3 3
3758 OLSON CT DETACHED 675,000 4 2.5 1
5522 ROYAL OAKS DR DETACHED 715,000 4 2.5 27
2657 DELLWOOD DR DETACHED 775,000 4 3 5
5043 ROSEWOOD ST DETACHED 809,000 4 2.5 24
18409 OLD RIVER DR DETACHED 825,000 4 3.5 343
3115 ROSEMARY LN DETACHED 839,900 4 2.5 6
16007 BONAIRE ST DETACHED 849,325 3 2.5 138
12 BUCKINGHAM TER DETACHED 989,900 6 3.5 130
15536 VILLAGE DR DETACHED 997,500 5 3 50
749 SOUTHVIEW RD DETACHED 1,250,000 3 3.5 0

Sold/Closed (Mar 20-26, 2017)

Address Type List Price Close Price Sqft DOM
4 TOUCHSTONE CONDO 169,000 168,259 984 2
46 CRESTFIELD CT CONDO 189,000 189,000 923 3
6880 SW MONTAUK CIR CONDO 195,000 200,000 924 6
4980 GALEN ST ATTACHED 374,999 375,000 1552 4
23 MOUNTAIN CIR DETACHED 395,000 405,000 1363 17
MOUNTAIN PARK DETACHED 395,000 405,000 1363 17
4950 CENTERWOOD ST DETACHED 489,900 482,500 1871 201
1225 CORNELL ST DETACHED 514,999 492,000 1395 65
4286 ORCHARD WAY DETACHED 580,000 568,000 2106 18
17225 GREENTREE AVE DETACHED 639,900 630,000 2718 178
13209 AMBER PL DETACHED 675,000 675,000 3221 0
134883 SNOWBERRY CT DETACHED 799,000 757,000 3308 277
2022 RIDGEWOOD RD DETACHED 949,000 838,580 4072 41
7 GARIBALDI ST DETACHED 176,000 135,000 6303 279
3129 DOUGLAS CIR DETACHED 1,170,000 1,260,000 4002 23
4100 CANAL RD DETACHED 1,349,000 1,275,000 4957 16
2600 GLENMORRIE DR DETACHED 1,695,430 1,695,430 4232 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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A bit About Condos

I have always felt that my real estate business goes in waves. There have been times when I was heavily working waterfront on the lake, times when all my business seemed to be new construction, and times when I seemed to be selling older houses. Today I am in a condo wave. I have two listings that are condos and this weekend I have written offers on two more condos. I am up to my ears in condos. I think it is the universe telling me that I need to write a blog post about condos. So here are a few things to keep in mind if you are considering buying a condo.

First, and in my opinion the most important, is that you are not just buying a home, you are buying into a community. Condominiums are governed by Home Owner’s Associations. Your home inspection will have all of the usual criteria for checking out the structure and the components, but you will also have an inspection of the HOA documents.

HOA documents include rules and regulations that tell you what is and what is not allowed. All usually have a clause for “nuisance” behavior, but some can be pretty restrictive. I have seen rules that don’t let you have anything showing inside of your window that could be objectionable. The two most common issues that you will want to be sure of is whether or not pets are allowed and whether or not rentals are allowed. You need to know these things going in and not after you own it.

Other important documents are about the financial health of the association. You want to see that they have money in reserve to take care of maintenance and repairs. This will include the current year’s budget, and also a reserve study. The reserve study projects into the future for replacement of big items like roofs and siding. While I know everyone hates to pay a monthly HOA fee, and often will rule out buying a condo because the fee seems too high, it is actually super important that the fees collected are enough to not just pay for the current maintenance like mowing the lawns and paying for garbage removal, but also are enough to over time add up to some rather significant amounts of savings. If proper saving isn’t done, then when the time comes to do major repairs the association will be forced to do a special assessment to cover the costs. A special assessment is much more financially painful than smaller amounts collected monthly over time.

You will also want to see the meeting notes from the HOA meetings of the last year. If there is a problem in the complex, they are likely talking about it at the meetings.

Financing of a condo can also be challenging when you go to get a mortgage. Most HOA’s restrict how many units can be rented out and this is important. Fannie Mae lending guidelines require that at least 50% of the units be owner occupied. For financing such as VA and FHA, the criteria to obtain these types of loans require that the Home Owner’s Association apply for the qualification. The VA loan application is a one time issue and runs with the complex forever once it’s approved. FHA is more complicated and must be renewed every few years at a cost of both time and money. So to have FHA approval it requires a Board of Directors that is motivated and on the ball.

Condos are terrific because they are generally less expensive than a house, require much less personal labor to up keep, and are ideal if you want a lifestyle where you can lock your door and be away for extended periods. With the cost of housing being a premium, they are truly the only option for many people.

There are also a really wide variety of condos. Some are super luxurious with top-of-the-line finishes and services. Others are bare bones and feel like what they once were, apartments. The least expensive condo for sale in Lake Oswego right now is a 1 bedroom, 1 bath unit on State Street. It has 829 square feet and is for sale for $170,000. The most expensive has 4 bedrooms, 4.5 baths, with 4911 square feet and is listed for $1,798,000.

If you have other questions, please contact any one of us. Linda, Whitney and I are all here to help.
Dianne

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Market Activity March 13-19, 2017

Last week in Lake Oswego there were 17 new listings, 21 properties that went into pending status, and 3 sold/closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (Mar 13-19, 2017)

Address Type Price BR Baths Sq Ft
48 Eagle Crest Dr 5F Condo $224,900 2 2 1370
234 Ridgeway Rd Condo $289,900 2 1 914
5056 Foothills Dr F Condo $350,000 3 2 1252
4418 Thunder Vista Ln Condo $385,000 3 3.5 2040
1121 Devon Ln Detached $550,000 5 3 2968
4680 Upper Dr Detached $575,000 3 2 1656
13876 Provincial Hill Dr Detached $725,000 4 3.5 2798
15845 Alston Way Detached $755,000 4 2.5 2682
2675 Dellwood Dr Detached $775,000 4 3 3128
5332 Lower Dr Detached $795,000 4 2.5 2600
3355 Upper Dr Detached $825,000 4 2 3126
1403 Greentree Circle Detached $829,000 5 4.5 4047
3115 Rosemary Ln Detached $839,900 4 2.5 3220
1100 Tyndall Ct Detached $950,000 3 2.5 3142
1976 Palisades Terrace Dr Detached $1,050,000 4 2.5 3898
12808 Elk Rock Rd Detached $1,100,000 5 3.5 3970
1500 Ridgecrest Dr Detached $1,950,000 5 5 4817

Pending Sales (Mar 13-19, 2017)

Address Type Price BR Baths Sq Ft CDOM
16250 Pacific Hwy #43 Condo $229,000 2 2 1311 189
1658 Greentree Rd Detached $479,000 4 3 2394 3
5717 Langford Ln Detached $487,500 3 3 1800 8
145 Del Prado St Detached $525,000 3 2 2074 3
5966 Frost Ln Detached $550,000 4 2.5 2036 6
17872 Pilkington Rd Detached $559,900 3 2 1610 169
15155 Brook Ct Detached $559,900 4 3 2388 5
1641 Devon Ln Detached $619,000 4 2.5 2013 9
17372 Hunter Ct Detached $629,900 3 2.5 3424 229
37 Churchill Downs Detached $634,000 3 2.5 2410 6
2388 Overlook Dr Detached $650,000 4 3 2765 23
15939 Twin Fir Rd Detached $664,900 3 2 2480 131
1510 Cherry Crest Dr Detached $714,000 6 4 3786 3
3333 Royce Way Detached $729,000 3 2.5 2697 44
4265 Albert Circle Detached $779,000 5 3.5 3022 189
13745 Cameo Ct Detached $895,500 4 3 3380 10
776 Carrera Ln Detached $1,000,000 4 3 3449 25
13052 Knaus Rd Detached $1,299,000 3 3 2292 5
17327 Kelok Rd Detached $1,299,000 3 3 2292 5
17104 Cedar Rd Detached $1,599,000 3 3 3310 263
2600 Glenmorrie Dr Detached $1,695,430 4 3.5 4232 0

Sold/Closed (Mar 13-19, 2017)

Address Type List Price Sold Price Sq Ft CDOM
24 Crestfield Ct Condo $149,900 $165,000 698 19
4092 Coltsfoot Ln Detached $684,750 $684,750 2,405 4
142 Cornell Ct Detached $1,195,000 $930,000 2,918 173

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 ~ Feb Data ~ 2017

The latest numbers for the entire Portland area for February 2017 are in!

I usually give our Property Blotter Readers a glimpse at the whole Portland market and how Lake Oswego fits into it below. Here you go!

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

  • There were 2,521 New Listings in February 2017 which was down 12.9% from February of 2016’s 2,896, but UP 14% from January of 2017’s total of 2,212.
  • At 1,669, February Closed Sales were down 7.9% from February 2016’s 1,813, and also down 9.6% over the previous month/January 2017’s total of  1,847. (So, more sales Closed in January for people who were Pending during the year-end push.)
  • February Pending Sales (accepted offers), at 2,369, fell 15% from February of 2016, but were UP 19% from the previous month/January 2017’s total of 1,990.
  •  The Average Sale Price in February of $404,200 was up $39,300 from February 2016’s $364,900, and down a bit from January 2017’s $409,900.

Average Sale Prices for February & Appreciation (12-month) By Area were:

  • North Portland: $368,700    11.2%
  • NE Portland:  $429,500    12.2%
  • SE Portland: $355,700    10.8%
  • Gresham/Troutdale: $297,000    12.2%
  • Milwaukie/Clackamas: $381,000    11.2%
  • Oregon City/Canby: $403,700    11.7%
  • Lake Oswego/West Linn: $661,500    16.5%
  • W Portland: $527,400    13.8%
  • NW Washington County: $528,500    10.6%
  • Beaverton/Aloha: $336,000    12.5%
  • Tigard/Wilsonville: $429,400    9.7%
  • Hillsboro/Forest Grove: $367,500    14.5%

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

    •  252 Active Listings   
    •  148 New Listings     
    •  124 Pending Sales   
    •  79 Closed Sales  
    • Average Sale Price for February: $661,500  
      • 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.
    • Average Time on the Market: 87 Days   
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Market Activity ~ March 6-12, 2017

Last week saw 19 New properties enter the market in Lake Oswego, 23 move to Pending status, and 16 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Mar 6-12, 2017)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY #11 $120,900 1 1 617 CONDO
16725 LAKE FOREST BLVD $414,900 3 2 1392 DETACHD
5717 SW LANGFORD LN $487,500 3 3 1800 DETACHD
3211 ROYCE WAY $499,900 3 2.1 2395 DETACHD
5966 FROST LN $550,000 4 2.1 2036 DETACHD
2401 MAYORS LN $595,000 3 3 3004 DETACHD
15155 BROOK CT $599,900 4 3 2388 DETACHD
1641 DEVON LN $619,000 4 2.1 2013 DETACHD
37 CHURCHILL DOWNS $634,000 3 2.1 2410 DETACHD
46 DA VINCI ST $659,900 4 3 3378 DETACHD
1510 Cherry Crest DR $714,000 6 4 3786 DETACHD
4890 SAGE HEN CIR $750,000 4 2.1 2832 DETACHD
13745 CAMEO CT $895,500 4 3 2844 DETACHD
3623 EENA RD $1,090,000 4 3.1 3429 DETACHD
17327 KELOK RD $1,299,000 3 3 2292 DETACHD
15800 OSWEGO SHORE CT $1,299,900 4 3.1 4047 DETACHD
870 TERRACE DR $1,329,000 5 3.1 4652 DETACHD
17399 CANAL CIR $2,395,000 4 3.1 4442 DETACHD
2180 PRESTWICK RD $3,100,000 3 4.1 4150 DETACHD

PENDING SALES (Mar 6-12, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #48-C $130,000 1 1 696 CONDO 6
64 CERVANTES CIR $179,698 2 1.1 912 CONDO 2
46 CRESTFIELD CT /Upper $189,000 2 1.1 923 CONDO 3
4000 CARMAN DR #60 $200,000 2 2 866 CONDO 2
44 EAGLE CREST DR #11 $210,000 3 2 1085 CONDO 22
4000 CARMAN DRn #A6 $215,000 2 2 866 CONDO 2
5056 FOOTHILLS DR #G $309,000 2 2 1252 CONDO 3
6030 SHAKESPEARE ST $359,900 3 1 1056 DETACHD 5
16514 CARNEGIE AVE $440,000 3 1.1 1182 DETACHD 7
1032 LAUREL ST $535,000 4 2 2426 DETACHD 3
4585 TRILLIUM WOODS $575,000 3 2.1 2004 ATTACHD 7
4286 ORCHARD WAY $580,000 3 2 2106 DETACHD 18
6 DEL PRADO ST $635,000 4 3 3318 DETACHD 3
17351 CANYON DR $699,900 5 3 2944 DETACHD 4
5522 ROYAL OAKS DR $715,000 4 2.1 2770 DETACHD 12
16038 REESE RD $729,900 4 3 3189 DETACHD 5
577 LAUREL ST $779,000 4 3.1 2747 DETACHD 204
205 5TH ST $799,000 4 3 2556 DETACHD 111
13970 TAYLORS CREST LN $869,000 4 2.1 3371 DETACHD 2
15199 LILY BAY CT $878,000 5 3 2696 DETACHD 19
17521 LAKE HAVEN DR $899,900 4 2.1 3080 DETACHD 5
2757 GLEN HAVEN RD $1,590,000 4 3.1 4604 DETACHD 85
757 LAKE SHORE RD $2,895,000 4 3.1 4098 DETACHD 126

SOLD (Mar 6-12, 2017)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
4625 LAKEVIEW BLVD/Grnd $129,000 $145,000 1 1 753 CONDO 8
86 KINGSGATE RD #F206 $164,900 $158,500 2 2 840 CONDO 1
326 CERVANTES CIR #13E $189,900 $185,000 2 1 832 CONDO 10
3680 SPRING LN #2B $269,900 $274,700 2 2.1 1152 CONDO 8
5228 BONITA RD $330,000 $290,000 4 2.1 1800 DETACHD 26
16411 INVERURIE RD $350,000 $325,000 2 1 920 DETACHD 1
19377 SYCAMORE AVE $355,000 $357,000 3 1 1008 DETACHD 3
4724 FIRWOOD RD $405,000 $410,000 3 1.1 1240 DETACHD 57
1838 OAK KNOLL CT $649,000 $577,500 4 2.1 2557 DETACHD 102
32 DA VINCI ST $679,000 $595,000 5 3 3460 DETACHD 217
1282 HIDE A WAY LN $775,000 $665,000 5 3 3249 DETACHD 152
57 EAGLE CREST DR $679,900 $685,000 5 2.1 3884 DETACHD 208
849 F AVE $1,199,900 $1,100,000 3 2.1 2674 DETACHD 101
12819 ALTO PARK RD $1,199,900 $1,130,000 4 4.1 4102 DETACHD 130
4331 LORDS LN $1,289,900 $1,340,269 5 4 3812 DETACHD 0
18008 GREENBLUFF DR $2,095,000 $1,650,000 3 3.1 4402 DETACHD 318

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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Market Activity Report Feb 27th to March 5th, 2017

Hey everyone!
This last week we saw a huge increase in activity in the Real Estate market. A lot of very impressive properties took only a few days to sell, which is great!

Hope everyone is having a great March!

Following is the breakdown for you according to RMLS:

New on Market (Feb 27 – March 5th, 2017)

Address Type Price Bedrooms Bathrooms Sqft
8 PREAKNESS CT ATTACHED 349,900 2 1.5 1602
14570 SHIREVA DR DETACHED 499,900 3 2.5 2144
1227 ASH ST DETACHED 650,000 3 2.5 2151
9 FALSTAFF ST DETACHED 675,000 4 2.5 2436
17915 RIDGE LAKE DR DETACHED 715,000 4 3.1 2958
820 BOCA RATAN DR DETACHED 795,000 4 3.5 2628
13852 SHIREVA DR DETACHED 799,000 5 3 2716
19233 INDIAN SPRINGS RD DETACHED 819,000 4 4.5 3485
5043 ROSEWOOD ST DETACHED 849,000 4 2.5 2963
4635 DOGWOOD DR DETACHED 925,000 4 3 4327
950 CEDAR ST DETACHED 993,000 4 3.5 3135
19354 LORNA LN DETACHED 1,299,000 4 3.5 4169
129 FURNACE ST CONDO 1,798,000 4 4.5 4911
1940 HIGHLANDS LOOP DETACHED 1,850,000 5 4.5 4080
115 LAKE FRONT RD DETACHED 2,088,000 4 4 4245
961 TERRACE DR DETACHED 3,200,000 5 4.5 5542
15530 DIAMOND HEAD RD DETACHED 3,398,000 5 4 6298

Pending Sales (Feb 27 – March 5th, 2017)

Address Type Price Bedroom Bathrooms DOM
45 OSWEGO SMT CONDO 99,899 1 1 45
47 EAGLE CREST DR ATTACHED 190,000 3 1.5 4
170 OSWEGO SMT CONDO 205,000 2 2 7
15479 BRIANNE CT ATTACHED 299,900 2 2.5 24
14372 SHERBROOK PL DETACHED 325,000 2 1.5 203
16821 CORTEZ CT DETACHED 375,000 3 2 5
1180 OXFORD DR DETACHED 409,900 3 3 8
5340 CHINOOK CT DETACHED 450,000 3 2 7
5000 CARMAN DR DETACHED 475,000 2 2.5 110
18400 INDIAN CREEK DR DETACHED 548,800 4 3 24
5 PREAKNESS CT DETACHED 565,000 5 2.5 2
383 ASH ST DETACHED 575,000 3 2.5 0
2565 BREE CT DETACHED 575,000 3 2.5 8
2400 PARK RD DETACHED 583,000 5 2.5 4
16510 MAPLE CIR DETACHED 585,000 4 2.5 191
4092 COLTS FOOT LN DETACHED 684,750 4 3 4
5328 LOWER DR DETACHED 795,000 4 2.5 32
115 3RD ST CONDO 799,000 4 2.5 216
17024 CANAL CIR DETACHED 850,000 3 1 645
35 TANGLEWOOD DR DETACHED 950,000 4 3.5 3
17512 GREENBLUFF DR DETACHED 1,090,000 4 4 245
671 5th ST DETACHED 1,178,000 4 2.5 161
915 CEDAR ST DETACHED 1,200,000 4 3.5 327
18042 SKYLAND CIR DETACHED 1,225,000 5 3 52
1427 HORSESHOE CURV DETACHED 1,350,000 2 2 327
4250 UPPER DR DETACHED 1,580,000 4 3.5 7

Sold/Closed (Feb 27 – March 5th, 2017)

Address Type List Price Close Price Sqft DOM
18914 LONGFELLOW AVE DETACHED 455,000 385,000 1232 89
4660 WILLOWWOOD ST DETACHED 450,000 450,000 2412 118
29 BECKET ST DETACHED 480,000 460,000 2354 124
48 AQUINAS ST DETACHED 539,000 530,000 2693 2
1775 FERNWOOD DR DETACHED 589,000 563,000 2640 60
17433 SCHALIT WAY DETACHED 589,950 582,500 2350 5
19477 35TH CT DETACHED 625,000 600,000 3276 53
6 TANGLEWOOD DR DETACHED 690,000 625,000 3108 316
1900 GREENTREE DR DETACHED 695,000 635,000 3032 164
1350 RIDGECREST DR DETACHED 1,100,000 785,000 3534 209
1 DOVER WAY DETACHED 1,100,000 895,000 3559 93
515 10th ST DETACHED 1,200,000 1,175,000 2821 165

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

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George Rogers Park

I just came in from a nice long walk along the Willamette River that inspired me to tell you about George Rogers Park.

George Rogers Park is located on South State Street where it intersects with McVey. 26 acres in size, it includes an athletic field, tennis courts, a play ground, river access, and probably most famously, the Iron Furnace. The river front has got a sandy beach and it’s a good spot to fish, put in a canoe, and just generally play in the water.

The Iron Furnace is on the National Register of History Places. Oswego’s history goes back to the day when iron ore was discovered in the hills around Sucker Lake (now Oswego Lake) and the industrialists of early Oregon thought that Lake Oswego would become the Pittsburg of the West. It actually was a very significant part of Oregon history. Prior to 1867, the iron used anywhere on the West Coast, including San Francisco, Seattle, and Los Angeles, had to be brought around the horn of South America from the East Coast. The Iron Furnace in Lake Oswego changed that. And when you see iron work on old buildings in downtown Portland, you are likely looking at iron that was smelted in Lake Oswego.

George Rogers Park carries this theme artistically through the arbors, stone work, and even the shape of the grills on the fire rings.

It’s a lovely park. It has picnic areas that are covered and can be reserved for parties and special events.

I like to park may car there and walk South across Oswego creek and onto the paved path that winds through a gorgeous waterside forest and out onto River Rd. It goes all the way into West Linn. It’s mostly flat and has very little traffic. On a nice sunny day it’s pretty busy with bikes, runners, and walkers. I
highly recommend it.

One of the strangest houses in Lake Oswego can be seen along this path. I am going to tell you the story as it was told to me, by a contractor who worked on the house when it was being built. The house sits on a concrete piling that I believe was part of either the iron ore manufacturing or perhaps the cement manufacturing that happened slightly North of the spot in about the 1950’s. Somehow the piling was aquired by a private party who decided to build a house on it. The house was about 75% built when the owner ran out of money and it was abandoned. To my knowledge it has never been lived in. The glass windows and bridge access that I remember from when I first saw it are long gone. Now it almost looks haunted. I’m sure many walkers wonder what they are looking at when they see it today. So now you know.

We may not yet be having hot sunny days, but we are having beautiful winter-almost-spring-days like the one that we have had today. Get out and enjoy it!
Dianne

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Market Activity Feb 20-26, 2017

Last week in Lake Oswego we had 12 new listings come onto the market, 22 properties receiving offers and go into pending status, and 8 houses that became sold/closed transactions. I know I am watching these numbers and waiting for them to kick into spring time gear. It still feels a bit slow, but I don’t expect that to last for long. Time will tell…..

Following is the breakdown for you according to RMLS:

New on Market (Feb 20-26, 2017)

Address Type Price BR Baths Sq Ft
318 Cervantes Circle Condo $189,900 2 1 832
201 Cervantes Condo $229,000 2 1.5 1216
1180 Oxford Dr Detached $409,900 3 3 1760
16393 Kimball St Detached $475,000 3 2 1522
2388 Overlook Dr Detached $650,000 4 3 2765
5522 Royal Oaks Dr Detached $715,000 4 2.5 2770
4036 Melissa Dr Detached $789,000 4 3.5 3118
2481 Marylshire Ln Detached $799,000 4 3.5 4154
17656 Kelok Rd Detached $1,238,000 3 3.5 3290
17626 Kelok Rd Detached $1,324,000 4 3.5 3909
4250 Upper Dr Detached $1,580,000 4 3.5 4337
16865 Greenbrier Rd Detached $2,595,000 5 5 6104

Pending Sales (Feb 20-26, 2017)

Address Type Price BR Baths Sq Ft CDOM
86 Kingsgate Rd F-206 Condo $164,900 2 2 840 1
24 Oswego Summit Condo $199,000 2 2 1140 5
44 Eagle Crest Dr #28 Condo $209,950 3 2 1085 39
18225 SW 65th Ave Detached $225,500 3 1.5 1701 33
4 Touchstone #102 Condo $237,500 4 2 1488 129
550 S State St Condo $239,900 2 1 920 19
5228 Bonita Rd Detached $330,000 4 2.5 1800 26
15256 Boones Way Attached $424,500 2 2.5 1618 57
18455 Terry Detached $449,000 3 2 2257 8
19064 Benfield Ave Detached $465,000 4 2 1928 5
5750 Washington Ct Detached $539,900 3 2.5 2238 140
900 Devon Ln Detached $595,000 4 3 2234 8
14 Northview Ct Attached $638,500 4 3.5 3279 19
19080 Indian Springs Circle Detached $685,000 4 2 2406 7
2060 Ridge Pointe Dr Detached $740,000 5 2.5 4120 157
2022 Ridegewood Rd Detached $899,000 4 4 4072 41
776 Carrera Ln Detached $1,000,000 4 3 3449 4
15112 Quarry Rd Detached $1,099,000 5 3.5 3285 25
653 A Ave Detached $1,195,000 3 2.5 2628 146
4262 Upper Dr Detached $1,470,000 4 3.5 3982 0
18008 Greenbluff Dr Detached $1,750,000 3 3.5 4402 318
12384 Clara Ln Detached $2,000,000 4 2.5 2007 100

Sold/Closed (Feb 20-26, 2017)

Address Type List Price Sold Price Sq Ft CDOM
200 Burnham Rd #404 Condo $249,000 $218,500 1325 95
220 Ridgeway Rd Condo $259,900 $285,000 914 4
16758 Mellon Ave Detached $659,900 $665,000 2,622 7
4726 Upper Dr Res-Mfg $923,000 $781,000 2250 156
2107 Goodall Ct Detached $850,000 $860,000 3029 3
670 1st St Condo $900,000 $900,000 2767 156
1122 Bayberry Rd Detached $1,299,900 $1,299,900 3259 135
1210 Chandler Rd Detached $2,799,000 $2,550,000 7668 326

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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Market Activity ~ Feb 6-19, 2017

The two week period from Feb 6-19 saw 17 New properties enter the market in Lake Oswego, 39 move to Pending status, and 24 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Feb 6-19, 2017)

Address List Price # Beds # Baths Total SF Prop Type
15479 BRIANNE CT $299,900 2 2.1 1204 ATTACHD
18455 SW Terry $449,000 3 2 2257 DETACHD
16809 CORNELL ST $535,000 3 3.1 3034 DETACHD
4286 ORCHARD WAY $580,000 3 2 2106 DETACHD
900 DEVON LN $595,000 4 3 2234 DETACHD
17582 CARDINAL DR $599,900 4 2.1 2326 DETACHD
17020 CHAPIN WAY $675,000 4 3 3258 DETACHD
5622 CARMAN DR $689,900 4 2 2164 DETACHD
15199 LILY BAY CT $878,000 5 3 2696 DETACHD
4190 CHAD DR $925,000 4 3.1 3913 DETACHD
1273 WELLS ST $979,000 5 3 4091 DETACHD
1120 HOODVIEW LN $1,175,000 4 3 3909 DETACHD
13598 MEADOWCREEK LN $1,300,000 4 3.1 3403 DETACHD
18246 BELLA TERRA DR $1,349,900 4 3.1 4196 DETACHD
13707 FIELDING RD $1,500,000 4 3 3337 DETACHD
17138 CEDAR RD $1,975,000 3 3.1 3017 DETACHD
13560 FIELDING RD $2,688,000 5 5.1 5308 DETACHD

PENDING SALES (Feb 6-19, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
1 CRESTFIELD CT $149,500 1 1 689 CONDO 4
4 TOUCHSTONE #71 $169,000 2 2 984 CONDO 2
32 CRESTFIELD CT $179,000 2 2 995 CONDO 3
6880 SW MONTAUK CIR #6882 $195,000 2 1 924 CONDO 6
151 OSWEGO SMT $199,900 2 2 1506 CONDO 37
200 RIDGEWAY RD $225,000 2 1 944 CONDO 4
16411 INVERURIE RD $350,000 2 1 920 DETACHD 1
4980 GALEN ST $374,999 2 2.1 1552 ATTACHD 4
23 MOUNTAIN CIR $395,000 2 2 1363 DETACHD 17
5333 TREE ST $400,000 3 1 1114 DETACHD 3
4724 FIRWOOD RD $405,000 3 1.1 1240 DETACHD 57
29 BECKET ST $480,000 3 2.1 2354 DETACHD 124
6462 FROST ST $499,000 4 2.1 2279 DETACHD 9
17605 HILL WAY $500,000 3 2.1 2054 DETACHD 3
48 AQUINAS ST $509,000 4 2 2693 DETACHD 2
1225 CORNELL ST $514,999 3 2 1395 DETACHD 65
6122 CARMAN DR $520,000 4 2 1508 DETACHD 4
1710 MEADOWS DR $525,000 3 2 1677 DETACHD 4
19061 SW INDIAN CREEK AVE $529,000 4 3 3070 DETACHD 187
18400 INDIAN CREEK DR $548,800 4 3 1736 DETACHD 5
4750 UPPER DR $550,000 4 3 3091 DETACHD 14
17433 SCHALIT WAY $589,950 4 2.1 2350 DETACHD 5
275 EVERGREEN RD $600,000 2 3.1 1761 ATTACHD 9
17225 GREENTREE AVE $639,900 4 3 2718 DETACHD 178
4668 HASTINGS PL $649,900 3 2.1 2432 DETACHD 3
17927 RIDGE LAKE DR $659,000 4 2.1 2544 DETACHD 18
57 EAGLE CREST DR $679,900 5 2.1 3884 DETACHD 208
1276 ROCKINGHORSE LN $679,900 5 3 3304 DETACHD 4
1282 HIDE A WAY LN $699,000 5 3 3249 DETACHD 152
4847 HASTINGS DR $699,000 4 2.1 2703 DETACHD 4
14061 TAYLORS CREST LN $765,000 4 2.1 2970 DETACHD 114
2100 RIDGE POINTE DR $799,900 5 5.1 5375 DETACHD 228
18653 PILKINGTON RD $1,100,000 4 3.1 3260 DETACHD 6
3129 DOUGLAS CIR $1,170,000 4 3.1 4002 DETACHD 23
4100 CANAL RD $1,349,000 4 3.1 4957 DETACHD 16
4434 LAKEVIEW BLVD $1,375,000 3 3 2803 DETACHD 89
17437 CANAL CIR $1,550,000 4 2.1 2815 DETACHD 4
18000 EASTRIDGE LN $1,750,000 4 4.1 5610 DETACHD 16
1210 CHANDLER RD $2,599,000 6 6.2 7668 DETACHD 326

SOLD (Feb 6-19, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
3433 MCNARY PKWY #703 $194,500 $210,000 2 2 1008 CONDO 3
4000 CARMAN DR #32 $235,000 $228,000 2 2 1083 CONDO 6
183 OSWEGO SMT $265,000 $237,400 2 2 1506 CONDO 105
1694 BONNIEBRAE DR $275,000 $270,000 2 1 864 CONDO 19
5057 FOOTHILLS DR #C $299,900 $309,900 3 2 1252 CONDO 25
4351 WOODSIDE CIR $385,500 $341,500 3 2 1532 CONDO 36
5916 KENNY ST $439,900 $390,000 3 1 1012 DETACHD 116
1 SAINT HELENS CIR $424,900 $424,900 3 2.1 1422 DETACHD 74
4396 GALEWOOD ST $450,000 $450,000 3 2.1 1672 DETACHD 0
5538 ROYAL OAKS DR $525,000 $512,000 3 2 1899 DETACHD 15
4920 CENTERWOOD ST $569,000 $551,250 3 2.1 2072 DETACHD 175
64 TOUCHSTONE $585,000 $565,000 4 2.1 3494 DETACHD 49
13448 AUBURN CT $649,900 $645,000 3 2.1 2535 ATTACHD 1
17517 OAK MEADOW LN $709,000 $690,000 4 2.1 2952 DETACHD 60
674 1st ST $699,000 $694,000 2 2.1 2140 CONDO
5124 WOODCREST LN $739,000 $742,000 4 2.1 2923 DETACHD 2
471 COUNTRY CLUB CT $799,999 $782,000 4 3 2962 DETACHD 290
4113 WOLF BERRY CT $839,000 $815,000 4 3 2922 DETACHD 26
5327 CARMAN GROVE LN $845,000 $840,700 4 3 3125 DETACHD 170
18402 ANDUIN TER $1,185,000 $895,000 4 3.1 4118 DETACHD 93
17833 MARYLCREEK DR $1,180,000 $930,000 5 4.1 5495 DETACHD 136
1340 COUNTRY COMMONS $1,089,900 $1,089,900 4 3 3359 DETACHD 20
13725 CAMEO CT $1,500,000 $1,450,000 5 4.1 4803 DETACHD 329
333 NORTHSHORE RD $3,597,500 $3,300,000 4 4.1 5150 DETACHD 28

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.