Tag: selling a home in Lake Oswego

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Louisiana Pacific Siding (LP Siding)

Hello everybody,
I have had my license for almost two months now, and I have learned quite a bit! Today what I am going to talk about is LP siding.
My first clients (as it turns out are my cousin and her husband) have just recently made an offer on a condo. In the weeks leading up to their decision we saw everything from houses, town houses, and other condos. When they first found a house I remember my mother saying:

”Oh… they have LP siding.”

Now let me explain why my mother was hesitant about LP siding, before I go into the decided verdict:
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Louisiana Pacific (LP) is a company that was founded in 1973 in Tennessee. This company pioneered the production of oriented strand board (OSB) panels. Which was an alternative to the more expensive plywood and solid wood building materials. OSB panels where sold to building manufacturers and homeowners all across the US.
To make OSB panels Louisiana Pacific would harvest small diameter, faster growing timber rather than old growth, and send the cheaper timber through processing to become wood chips. They would then mix the wood chips with glue and set it into a mold to fit the desired diameter for construction. This saved on time and cost, not to mention LP’s OSB panels where easy to install!
In 1985 OSB panels hit the Northwest markets and where the desired material used to construct siding. Many homes where made with LP’s OSB panels as it was inexpensive, quick, and uniform looking. Unfortunately for us up here in the North West, our climate was not factored into the longevity of the panels, made from woodchips and glue, and years later these OSB panels started to disintegrate. One of the major concerns for homeowners and buyers was that the panels would not only sag into clumps of mush along the exterior of their home, but that the mush would rot and host mold and fungus; later requiring a lot more effort to remove then to install the panels themselves initially.
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From 1990 to 2000, LP’s OSB panels where installed into nearly every new construction: as contracting companies where usually outsourced and received their orders to build from out of state, so many companies would use LP siding in an effort to conserve funding. This flourishing action of business can be used to date homes with LP siding within the ranges of the late 1980s all the way through the late 1990s.
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So let’s revisit that moment when my mother and I are standing in the driveway of the first home that we showed to my cousin and her husband: The point where we look over the house and notice the little nit-picky things to ensure that the buyer is well-informed about what it is they are likely to purchase. The home was built in 1998 and very clearly had LP siding. LP siding is easy to spot due to its pattern: there is a token ‘wooden knot’ looking print that is used over, and over again on LP planks to make it look like actual lumber. When we brought this up with my cousin we explained the draw-backs of having LP around the exterior of the house. However, this particular house was very well managed. This home had received a good paint job, which ensured that water did not get past the paint to affect the planks. Keep in mind: paint does age just as the rest of the house would, and in the future would require a thorough, waterproof, exterior paint job or complete exterior replacement. One of our suggestions we made for my cousin was to provide a low offer so that they could get the house at a fair price and spend some money on replacing the LP siding.
All in all, LP is not the greatest external material here in the North West. It does well in climates that are dryer and provide low threat for mold or fungus. Though we do not have nearly as much of a threat in mold as other states do (Texas being the leading state for issues involving mold). The North West still deals with fungus, and above all rain, rain, rain, and more rain!

Thank you for reading along with me. I look forward to sharing more with you in the future!

Loving life in Lake Oswego,
Whitney Gregoire

Bibliography:
http://www.homeadvisor.com/article.show.Top-10-Worst-States-for-Mold.14164.html
http://hometownexteriordesigns.com/lp_siding.php
http://en.wikipedia.org/wiki/Louisiana-Pacific

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Market Activity October 6 – Oct 12, 2014

Hey all, It’s time to start thinking about Halloween! Looks like things are starting to settle a bit from the busy real estate market we had over the spring and summer. This time around We had 16 new listings, 14 pending sales, and 11 closed/sold properties. Let’s have a look!

Following is the breakdown according to RMLS:

New on Market (Oct 6-Oct 12, 2014)

Address Type Price Bedrooms Bathrooms Sqft
86 Kingsgate RD G203 Condo 144,900 2 2 849
5058 Foothills DR Condo 239,900 2 2 1252
4524 Lower DR A3 Condo 315,000 3 2.5 1650
6360 McEwan RD Detached 337,000 3 1.5 1450
13197 Thoma RD Detached 399,900 3 1.5 1640
6550 Childs RD Detached 400,000 2 2 1346
12836 Sierra Vista DR Detached 485,000 4 2.5 2166
5830 Sunbrook DR Detached 575,000 4 2.5 2810
17821 Hillside Way Detached 589,000 4 3.5 3442
3075 Tolkien LN Detached 649,000 3 2.5 2667
1287 Bickner ST Detached 699,500 4 3.5 2665
17171 Lowenberg TER Detached 747,000 4 2.1 3002
4123 Chad DR Detached 854,950 4 3.1 3833
15195 Lily Bay CT Detached 898,000 4 2.5 4099
1920 Glenmorrie DR Detached 1,199,900 3 3.5 4370
1539 Lake Front RD Detached 1,399,900 4 3.5 3385

Pending Sales (Oct 6 -Oct 12, 2014)

Address Type Price Bedroom Bathrooms Sqft DOM
4610 Lower DR Condo 114,900 2 1.5 1260 14
6928 Montauk CIR Condo 125,000 2 1 960 21
900 Cornell ST Detached 240,000 3 1.5 1300 4
16266 Lake Rorest BLVD Detached 369,900 3 2 1860 111
5959 Dove CT Detached 379,900 2 2 1552 6
4208 Harvey WAY Detached 399,900 4 2 2132 76
1530 Larch ST Detached 450,000 3 3 2384 22
804 2ND ST Attached 459,900 4 3 2224 50
6158 Frost LN Detached 464,900 3 2.5 2109 32
2584 Park RD Detached 549,999 4 2 2302 110
18936 Bryant RD Detached 710,000 4 4 4100 189
1267 Maple ST Detached 899,000 3 2.5 3388 7
925 Iron Mountain BLVD Detached 1,119,000 4 3.5 3555 119
3072 Lakeview BLVD Detached 1,150,000 5 5.5 4030 159

SOLD (Oct 6 -Oct 12, 2014)

Address Type List Price Close Price Sqft DOM
18325 SW 65TH AVE Detached 315,000 278,750 1071 67
466 5TH ST #14 Condo 310,000 310,000 1092 27
19180 Indian Creek AVE Detached 365,000 342,000 2392 12
16494 Inverurie RD Detached 349,000 355,000 1200 7
257 C AVE Detached 449,000 372,000 1600 105
14594 Wilmot WAY Detached 420,000 410,000 1710 0
811 Sunny Hill DR Detached 499,999 463,150 2964 53
502 Northshore RD Detached 849,000 846,000 2834 7
17509 Ridgeview LN Detached 1,119,000 1,110,00 3938 3
3130 Douglas CIR Detached 1,448,000 1,448,000 3970 75
199 Furnace ST Condo 1,950,000 1,800,000 5772 63

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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It’s Tax Time

Funny how it manages to roll around, year after year. The cooler evenings and changing of the leaves also means property taxes are soon arriving in our mail boxes. The statements are usually mailed out mid October and are due to be paid, this year, on November 17th.

I always get questions from new home owners about what they receive in the mail. If you pay your taxes monthly into a reserve account that your lender manages, then your statement is simply that, a statement. It will be yellow in color. Your lender will also receive this statement. They will see to it that your taxes are paid from your reserve account. If you pay your own taxes, then your statement will be green. You can get a 3% discount if you pay them in full by November 17th. You can also break them up in thirds and pay 1/3 November 17, 2014, February 17, 2015, and May 15, 2015.

page-0Another confusing concept is the fact that the statement has two valuations. One is tax assessed value and one is market value. This exists because we have annual tax increase limitations that don’t follow the real market value, thus you receive two values. I am not too impressed by the real market value the county puts out, but it is interesting. As long as the tax assessed value remains lower than the market value, your taxes will increase each year, usually 3%.

If you think your assessed value is too high, you should consider contesting this valuation. If you have been a reader for sometime, you may recall I successfully contested my Mother’s tax assessed value about 2 years ago. Going through the process, her property taxes dropped about 30%. For the county website to get info on this, click here. Please also feel free to pick up the phone and call me (503-803-6298). I’d be happy to help you understand the process. The window of time to contest taxes is short. This year it is from October 20, 2014 to December 31, 2014. So if you are thinking of doing this, get started NOW.

As always, thanks for reading.
Dianne

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Market Activity Sept 29-Oct 5, 2014

After a bit of a dip with the start of school, last week’s activity picked up again. We had 17 new listings, 19 pending sales, and 25 closed/sold properties. Those are strong numbers as we head into fall.

Following is the breakdown according to RMLS:

New on Market (Sept 29-Oct 5, 2014)

Address Type Price BR Bths SF
48 Eagle Crest Dr 2C Condo $150,000 3 2 1623
15220 Boones Way 1C Condo $173,500 2 2 1266
16442 Kimball St Detached $350,000 3 1 1200
1812 Fernwood Dr Detached $369,000 3 1.5 1401
5959 Dove Ct Detached $379,900 2 2 1552
5185 Carman Dr Detached $389,000 3 1.5 1848
1878 Mapleleaf Rd Detached $399,900 3 1.5 1347
4670 Lower Dr Detached $414,900 3 2.5 1587
17749 Leafy Ln Detached $624,900 4 3 3300
1890 Crest Dr Detached $769,000 3 2.5 2782
5055 Lakeview Blvd Detached $890,000 4 3.5 3498
18400 Delenka Ln Detached $929,555 5 3.5 5183
1471 Woodland Terr Detached $959,000 5 4.5 5362
17540 Ridgeview Ln Detached $1,255,000 4 3.5 4345
635 Iron Mountain Blvd Detached $1,599,000 6 3.5 4736
420 Ridgeway Rd Detached $2,299,000 4 4 3202

Pending Sales (Sept 29-Oct 5, 2014)

Address Type Price BR Baths SF DOM
45 Eagle Crest Dr #218 Condo $135,000 1 1 768 142
5530 Bonita Rd Detached $269,900 3 1.5 1200 32
8 Britten Ct Attached $274,900 2 2 1175 4
5665 Washington Ct Detached $324,000 3 2 1928 101
6262 Wayzatqa Ct Detached $328,950 3 1.5 1276 15
27 Oriole Ln Detached $425,500 4 2.5 1851 6
137 Kingsgate Rd Detached $446,000 3 2.5 2372 2
15480 Heritage Ct Detached $469,900 4 2.5 2432 2
17554 Blue Heron Way Detached $475,000 4 3 2000 0
1001 Bullock St Detached $475,000 3 2 2008 50
1110 Hallinan Circle Detached $479,000 4 3.5 3824 286
2425 Glen Haven Rd Detached $499,900 4 2.5 2231 3
5440 Bay Creek Dr Detached $529,900 3 2.5 2442 74
24 Morningview Circle Detached $535,000 4 3.5 2817 13
17941 Meadowlark Ln Detached $575,000 4 3.5 3905 24
16342 Ivy Ln Detached $669,900 5 3.5 4645 57
754 5th St Detached $755,000 3 3 2179 30
14144 Goodall Rd Detached $765,000 4 3 3499 298
2031 Lilli Ln Detached $779,995 3 3.5 3418 14

SOLD (Sept 29-Oct 5, 2014)

Address Type List Price Closed Price Sq Ft CDOM
4000 Carman Dr #28 Condo $144,000 $142,000 884 25
5225 Jean Rd #605 Condo $199,900 $195,000 1400 32
5061 Foothills Dr G Condo $199,900 $198,500 991 7
1531 Cedar St Detached $264,900 $250,000 832 18
1018 Spruce St Detached $279,000 $272,425 906 2
432 5th ST #1 Condo $299,000 $275,000 1092 57
4271 Woodside Circle Attached $360,000 $340,000 2126 360
16 Polonius St Detached $434,900 $394,500 2588 147
13371 Peters Rd Detached $430,000 $397,600 2340 62
2944 Dellwood Dr Detached $425,000 $405,000 2152 73
529 2nd St Condo $450,000 $437,500 1339 75
32 Northview Ct Attached $475,000 $442,000 3063 117
2 Morningview Circle Detached $489,000 $450,000 2954 89
1023 Gans St Detached $495,000 $455,000 2770 3
1638 Pine St Detached $494,000 $479,000 3160 222
16901 Lakeridge Dr Detached $545,000 $486,500 2080 3
2195 Glenmorrie Ln Detached $535,000 $511,000 2461 104
4250 Haven St Detached $499,900 $525,000 1924 1
100 D Ave E Attached $539,000 $540,000 1847 7
1936 Palisades Lake Ct Detached $699,000 $640,000 3939 65
18020 Skyland Circle Detached $823,500 $775,000 3210 43
17643 Kelok Rd Detached $1,198,000 $932,500 2390 92
19363 Riverwood Ln Detached $719,000 $940,000 2984 783
744 9th St Detached $1,239,000 $1,142,058 4255 46
616 Cabana Ln Detached $2,895,000 $2,550,000 3800 39

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 ~ Sept 22-28, 2014

We still have steady sales per Pending and Closed numbers, and/but fewer homes are entering the market. Fall is in the air!

Here is your Latest Market Data: Last week in Lake Oswego we saw 8 New properties enter the market, 22 move to Pending status, and 21 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on Mkt (Sept 22-28, 2014)

Address List Price # Beds # Baths Total SF Prop Type
4610 LOWER DR $114,900 2 1.1 1260 CONDO
158 OSWEGO SMT $138,000 2 2 1506 CONDO
121 LEONARD ST #C $195,000 2 2 1118 CONDO
200 BURNHAM RD #105 $229,900 1 1 858 CONDO
27 ORIOLE LN $425,500 4 2.1 1851 DETACHD
18768 WOOD DUCK ST $499,900 3 3 2940 DETACHD
11 MOUNTAIN VIEW LN $799,000 4 3.1 3659 DETACHD
1865 PALISADES TERRACE DR $6,900,000 5 5.3 8800 DETACHD

PENDING SALES (Sept 22-28, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
44 EAGLE CREST DR #41 $109,995 2 1 908 CONDO 421
10 CERVANTES CIR $149,900 2 1.1 912 CONDO 14
18543 DON LEE WAY $250,000 3 1 924 DETACHD 20
16450 LAKE FOREST BLVD $289,900 4 2 1442 DETACHD 4
1 EAGLE CREST DR $326,000 3 2 1265 DETACHD 18
5713 KENNY ST $335,000 3 2 1384 DETACHD 31
2051 GREENTREE RD $419,900 3 2.1 1864 DETACHD 67
3061 DORIS CT $429,900 5 2 2684 DETACHD 45
5115 FIRWOOD RD $439,970 4 2.1 1657 DETACHD 68
1530 LARCH ST $469,000 3 3 2384 DETACHD 3
960 9TH ST $475,000 2 1 1509 DETACHD 63
47 DA VINCI ST $475,000 3 2.1 2445 DETACHD 57
5225 COVENTRY CT $504,900 3 2.1 2050 DETACHD 3
19040 INDIAN SPRINGS CIR $509,900 4 3 2900 DETACHD 3
768 BERWICK CT $549,900 3 2 1731 DETACHD 24
12402 SHELBY CT $555,000 4 3 3120 DETACHD 74
2400 DELLWOOD DR $574,900 4 3 3180 DETACHD 1
3 WALKING WOODS DR $575,000 5 3 3853 DETACHD 86
17601 WOODHURST PL $650,000 3 2.1 3179 DETACHD 53
17410 UPPER CHERRY LN $739,000 4 3.2 4586 DETACHD 123
17129 KELOK RD $1,299,000 4 2.1 2894 DETACHD 0
13888 GOODALL RD $1,379,000 4 3.1 4435 DETACHD 265

SOLD  (Sept 22-28, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
245 CERVANTES $149,900 $153,500 2 2 1292 CONDO 5
5058 FOOTHILLS DR #A $239,900 $235,000 2 2 1252 CONDO 12
1720 BONNIEBRAE DR $287,500 $287,500 2 2 1611 ATTACHD 66
4291 WOODSIDE CIR $325,000 $315,000 3 2 2026 ATTACHD 49
90 KINGSGATE RD $289,900 $325,000 3 2.1 1727 DETACHD 326
1795 FERNWOOD DR $339,900 $325,000 3 1 1220 DETACHD 17
562 2ND ST $379,900 $377,000 2 2.1 1302 CONDO 177
14344 HOLLY SPRINGS RD $399,000 $400,000 3 2.1 1699 DETACHD 0
10 ABELARD ST $394,900 $400,000 3 2 1874 DETACHD 5
18929 LONGFELLOW AVE $446,000 $446,000 3 2 1800 DETACHD 7
523 2ND ST #105 $465,000 $465,000 2 2 1274 CONDO 12
7 WINDSOR CT $495,000 $485,000 5 2.1 2728 DETACHD 62
2802 GREENTREE RD $499,500 $507,000 3 2 2548 DETACHD 45
33 MORNINGVIEW CIR $550,000 $515,000 3 2.1 2737 DETACHD 123
4311 ORCHARD WAY $549,900 $520,000 4 2.1 3010 DETACHD 227
17900 CANAL RD $599,000 $535,000 4 3 2992 DETACHD 266
17450 TREETOP WAY $585,000 $575,000 5 3 3752 DETACHD 0
3333 Royce WAY $609,007 $614,999 4 2.1 2697 DETACHD 295
551 2ND ST $660,000 $615,000 2 2 1631 CONDO 74
1403 GREENTREE CIR $669,000 $635,000 5 3.1 4047 DETACHD 47
13777 CAMEO CT $1,700,000 $1,585,000 4 5.1 7300 DETACHD 38

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 Sept 15 – 21, 2014

It has been a busy week in Lake Oswego, many homes have come and gone. Here is an update for the new homes as well as those pending and those that have sold.
16 new listings
23 pending listings
26 sold

Following is the breakdown according to RMLS:

New on the Market (Sept 15-21, 2014)

Address Type Price Bedrooms Bathrooms Sqft
6928 Montauk Cir Condo 125,000 2 1 960
Botticelli St Condo 179900 2 2 1055
6262 Wayzata CT Detached 328950 3 1.5 1276
5281 Chinook CT Detached 359900 3 2 1471
47 Oriole Ln Detached 399500 3 2.5 1758
939 Devon Ln Detached 399900 3 2 2165
4242 Cobb Way Detached 449800 3 2 1589
4636 Auburn Ln Detached 499900 3 3.5 2732
24 Morningview Ct Detached 535000 4 3.5 2817
17680 Blue Heron Way Detached 649900 4 2.5 2363
2031 Lilli Ln Detached 779995 3 3.5 3418
4055 Orchard Dr Detached 785000 4 3.5 3350
12810 Alto Park Rd Detached 944000 5 3.5 4160
1495 Country Club Rd Detached 1250000 4 2.5 4028
17138 Cedar Rd Detached 1569000 3 3.5 3017
13286 Goodall Rd Detached 1750000 5 5.5 + .5 6819

Pending Sales (Sept 15-25, 2014)

Address Type Price Bedroom Bathrooms Sqft DOM
155 Oswego Smt Condo 199900 2 2 1506 241
2 The Grotto Detached 315000 2 2 1156 34
139 Del Prado St Detached 399000 4 2 2967 116
16 Polonius ST Detached 400000 3 2.5 2588 147
377 Livingood Ln Detached 400000 3 2.5 2409 3
5795 Langford Ln Detached 415000 2 2 1687 4
995 Southshore Blvd Detached 459900 5 2 2571 155
3718 Lake Grove Ave Detached 469900 4 3 2523 115
5222 Carman Dr Detached 474900 3 2 2543 173
5023 Hampton CT Detached 494900 3 2 2284 151
16901 Lakeridge Dr Detached 499000 4 3 2080 104
2802 Greentree Rd Detached 499500 3 2 2548 45
17336 Canyon Ct Detached 549000 4 3 3081 198
18910 Terry Ave Detached 597700 4 4.5 4290 73
4821 Dawn Ave Detached 599000 3 2 1854 5
3894 Tamarack Ln Detached 825000 4 3.5 4035 39
14128 Goodall Rd Detached 839000 4 2.5 2960 118
502 Northshore Rd Detached 849000 3 3 2834 7
16525 Maple Cir Detached 1395000 3 3.5 3443 287
1103 Lake Shore Rd Detached 1395000 4 3 3747 112
199 Eurnace St Detached 1950000 3 3.5 5772 63
2015 Strt of Dreams Lot 7 Detached 1950000 4 4.5 4000 0
17301 Canal Cir Detached 1999999 5 4.5 3843 89

Sold/Closed (Sept 15-21, 2014)

Address Type List Price Close Price Sqft DOM
1720 Bonniebrae Dr Attached 287500 287000 1611 66
4291 Woodside Cir Attached 325000 315000 2026 49
1795 Fernwood Dr Detached 339900 325000 1220 17
5010 Oakridge Rd Detached 317500 328000 1182 4
1310 Oak Ter Detached 379000 372000 900 17
15 Touchstone Detached 425000 425000 2276 34
18929 Longfellow Ave Detached 446000 446000 1800 7
17441 Cardinal Dr Detached 449500 457500 1836 2
18893 Indian Springs Cir Detached 549000 460000 2841 132
4575 Oakridge Rd Attached 460000 465000 1927 49
23 Touchstone Detached 525000 475000 3144 81
17187 Carlson Ct Detached 495000 485000 2082 10
5101 Dawn Ave Detached 510000 487500 2700 260
1282 Hide A Way Ln Detached 560000 515000 3300 65
4311 Orchard Way Detached 549900 520000 3010 227
1286 Larch St Detached 600000 525000 2410 97
4105 Wood Hill Ct Detached 699900 600000 3154 75
3333 Royce Way Detached 609007 614999 2697 295
1403 Greentree Cir Detached 669000 635000 4047 47
435 8th St Detached 759000 660000 2394 116
1640 Oak St Detached 695000 665000 3301 186
543 2nd Ave Condo 686000 670000 1816 69
14150 Amberwood Cir Detached 675000 675000 2500 14
2630 Rivendell Rd Detached 769900 690000 4611 413
658 1st St Detached 699000 699000 3359 3
13777 Cameo Ct Detached 1700000 1585000 7300 38

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 Sept 8-14, 2014

It certainly feels like the waning days of summer with the crisp fell of fall in the evening air. Our market continues to be strong, although less active as it was over the summer. Last week in Lake Oswego we had 20 new listings, 17 houses go into pending status and 7 sold/closed sales.

Following is the breakdown according to RMLS:

New on the Market (Sept 8-14, 2014)

Address Type Price BR Bths SF
4 Touchstone #76 Condo $124,000 2 2 984
10 Cervantes Circle Condo $149,900 2 1.5 912
1531 Boca Ratan Dr Attached $289,000 3 2 1755
468 5th St Condo $310,000 2 1.5 1092
20 Aquinas St Detached $410,000 4 2.5 1814
143 Kingsgate Rd Detached $469,000 3 2 2618
804 2nd St Attached $505,000 4 3 3548
2626 Park Rd Detached $537,500 4 3 2475
1868 Kilkenny Dr Detached $550,000 3 2.5 2500
17102 Campus Way Detached $575,000 4 3 2626
17941 Meadowlark Ln Detached $579,000 4 3.5 3905
4821 Dawn Ave Detached $599,000 3 2 1854
17704 Treetop Ln Detached $695,000 5 3.5 3975
2823 Glen Haven Rd Detached $749,900 5 4 3015
14220 Bridge Ct Detached $750,000 4 2.5 3419
1623 Glenmorrie Dr Detached $850,000 5 4.5 5656
16342 Ivy Ln Detached $939,900 5 3.5 4645
2543 Palisades Crest Detached $998,900 3 2.5+.5 4141
1880 Crest Dr Detached $1,650,000 3 3 2800
1150 Fairway Rd Detached $3,750,000 5 5.5 8527

Pending Sales (Sept 8-14, 2014)

Address Type Price BR Baths SF DOM
4 Touchstone #91 Condo $122,500 2 2 984 23
86 Kingsgate Rd C102 Condo $131,000 2 2 924 4
4000 Carman Dr #28 Condo $144,000 2 2 884 4
200 Burnham Rd #301 Condo $159,000 1 1 948 22
5058 Foothills Dr A Condo $239,900 2 2 1252 12
18660 Don Lee Way Detached $259,900 3 1 946 35
18852 Longfellow Ave Detached $309,900 3 1.5 1232 49
14594 Wilmot Way Detached $420,000 3 2.5 1710 0
17688 Cardinal Ct Detached $459,000 3 3 1970 14
13448 Auburn Ct Attached $525,000 3 2.5 2535 4
100 D Ave Attached $539,000 2 2.5 1847 7
754 5th St Detached $770,000 3 3 2179 9
2175 Crest Dr Detached $799,900 3 3 2950 20
814 Lake Shore Rd Detached $899,000 3 2.5 1972 78
2943 Lakeview Blvd Detached $979,900 4 3 3794 419
744 9th St Detached $1,239,000 4 3.5 4255 46
17442 Ridgeview Ln Detached $1,325,000 4 3.5+.5 5036 198

Sold/Closed (Sept 8-14, 2014)

Address Type List Price Closed Price Sq Ft CDOM
6360 McEwan Rd Detached $275,500 $260,000 1450 83
827 5th St Detached $689,000 $659,000 2124 50
17288 Lowenberg Ter Detached $875,000 $847,000 3467 22
16672 Fir Ln Detached $899,000 $905,000 4,179 119
1776 Oak St Detached $925,000 $910,000 4012 5
590 Oak Meadow Dr Detached $1,249,000 $1,249,000 4673 5
16775 Graef Circle Detached $1,450,000 $1,400,000 2448 52

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

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 latest real estate numbers in Portland and the Lake Oswego/West Linn areas for August are in. There’s a mixed bag of improvement generally over last year, and/but continued slowing in August, as in July, from the months prior.

According to the RMLS Market Action Report for the Portland Metro Area  August, 2014:

  • At 2,586, August Closed Sales dropped 3.4% from the month prior (July), and 1.4% from August of 2013.
  • There were 3,581 New Listings in August which was 4.6% higher than August 2013, but down a whopping 9.4% from the month prior.
  • The Average Sale Price in August of $340,000 was down exactly $4,470 from the month prior. The first eight months of 2014 are logging an Average Sale Price of $332,600, which is up 7.6% over the same time period in 2013.
  • August Pending Sales (accepted offers), at 2,704, were down 3.5%  from the month prior. They were also slowing in July, which indicates fewer offers being made. That said, the Pending sales for August are up 3.4% over August 2013 .

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In Lake Oswego and West Linn we have some slowing in New Listings from July, and exactly the same number of Pending Listings…which is interesting :  )  The number for Closed Sales (how many were actually completed during August) is down a bit. The number of days it is taking for a property to sell is shrinking… which is a Good thing! As always, the Average Sale Price is higher than Portland Metro numbers. This is because of the percentage of high dollar homes, and does not mean that you can’t find reasonably priced homes here as you can see from our weekly Market Activity Reports.

The combined areas of Lake Oswego and West Linn  for August reported:

    • 531Active Listings
    • 185 New Listings
    • 148 Pending Sales
    • 134 Closed Sales
    • An average Sale Price of $520,200.
    • Average Time on the Market: 57 Days
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Market Activity ~ Sept 1-7, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 15 New properties enter the market, 24 move to Pending status, and 14 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on Mkt (Sept 1-7, 2014)

Address List Price # Beds # Baths Total SF Prop Type
4000 CARMAN DR #C37 $139,900 1 1 836 CONDO
18543 DON LEE WAY $260,000 3 1 924 DETACHD
16250 PACIFIC HWY #59 $269,900 2 2 1380 CONDO
38 WHEATHERSTONE $290,000 3 2.1 1692 ATTACHD
1 EAGLE CREST DR $326,000 3 2 1265 DETACHD
1190 OAK TER $375,000 4 2 1534 DETACHD
15985 LAKE FOREST BLVD $379,000 3 2 1530 DETACHD
321 CERVANTES $399,950 3 2.1 2474 CONDO
6158 FROST LN $464,900 3 2.1 2109 DETACHD
14353 HOLLY SPRINGS RD $525,000 4 3 2238 CONDO
1653 DEVON LN $559,000 4 3 3181 DETACHD
754 5TH ST $770,000 3 3 2179 DETACHD
14084 GOODALL RD $1,295,000 5 5.1 5399 DETACHD
6 2015 Street of Dream 1600000 – 1900000 3 4.1 4200 DETACHD
1854 OAK KNOLL CT $1,995,000 3 3 3351 DETACHD

PENDING SALES (Sept 1-7, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
5061 FOOTHILLS DR #G $199,900 2 2 991 CONDO 7
5225 JEAN RD #605 $199,900 2 2 1400 CONDO 32
1531 CEDAR ST $264,900 2 1 832 DETACHD 18
5530 BONITA RD $269,900 3 1.1 1200 DETACHD 3
1018 SPRUCE ST $279,000 2 1 906 DETACHD 2
18325 SW 65TH AVE $287,500 3 1.1 1071 DETACHD 67
1818 COUNTRY CLUB RD $299,999 4 2 2032 DETACHD 3
1180 OXFORD DR $329,900 3 3 1760 DETACHD 11
19180 INDIAN CREEK AVE $365,000 4 3 2392 DETACHD 12
17226 TUALATIN ST $398,000 4 2.1 1942 DETACHD 34
13371 PETERS RD $407,000 3 2.1 2340 DETACHD 62
2944 DELLWOOD DR $425,000 3 3 2152 DETACHD 73
1310 LEE ST $425,000 3 2 2344 DETACHD 19
38 Northview CT $437,500 4 4 3125 ATTACHD 140
76 TOUCHSTONE $439,000 5 2.1 2856 DETACHD 73
529 2nd ST /Grnd Lvl $450,000 2 2 1339 CONDO 75
1638 PINE ST $479,000 5 2 3160 DETACHD 222
2 MORNINGVIEW CIR $489,000 3 2.1 2954 DETACHD 89
4250 HAVEN ST $499,950 3 3 1924 DETACHD 1
16919 LAKERIDGE DR $514,900 6 3 2710 DETACHD 50
2751 SUMMIT DR $648,950 3 2 2418 DETACHD 39
5005 DOGWOOD DR $779,000 4 3.1 4156 DETACHD 71
18977 BARTON RD $825,000 4 3.2 5076 DETACHD 32
17509 RIDGEVIEW LN $1,119,000 4 3.1 3938 DETACHD 3

SOLD  (Sept 1-7, 2014)

Address Open Price Closed Price # Beds # Baths Total SF Prop Type CDOM
73 CONDOLEA WAY #73 $299,000 $277,224 2 2 2131 CONDO 87
77 CONDOLEA WAY $320,000 $295,000 3 3 2143 CONDO 47
5300 DAWN AVE $479,500 $470,000 4 3 2544 DETACHD 180
2610 GLEN HAVEN RD $550,000 $515,000 4 3 3187 DETACHD 90
363 6TH ST $599,900 $517,500 3 3.1 2258 ATTACHD 253
17573 BLUE HERON CT $550,000 $530,000 4 3 2401 DETACHD 142
17641 BROOKHURST DR $659,000 $638,100 4 2.1 3386 DETACHD 34
2858 TOLKIEN LN $683,000 $638,500 4 3.1 3742 DETACHD 139
14133 AMBERWOOD CIR $725,000 $725,000 4 2.1 3200 DETACHD 0
17230 FERNWOOD DR $898,000 $855,000 5 4 4046 DETACHD 79
927 10TH ST $949,900 $885,000 4 2.1 2780 DETACHD 56
4063 Canal Woods CT $1,095,000 $950,000 4 3.1 4563 DETACHD 126
1777 ATHERTON DR $1,595,000 $1,475,000 6 4.3 6237 DETACHD 56
1425 CHANDLER RD $2,600,000 $2,535,000 5 4.1 5086 DETACHD 1

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

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Market Activity August 25-31, 2014

Here is your Latest Market Data: last week in Lake Oswego we saw 13 New properties enter the market, 15 move to Pending status, and 17 “Closed”/Sold.

Following is the breakdown according to RMLS:

New on Market (Aug 25-31, 2014)

Address Type Price BR Bths SF
48 Eagle Crest Dr 1C Condo $169,950 2 2 1370
5061 Foothills Dr G Condo $199,900 2 2 991
5058 Foothills Dr A Condo $239,900 2 2 1252
18963 Longfellow Ave Detached $325,000 3 1.5 1232
4631 Wildwood St Detached $399,900 3 2 1650
17688 Cardinal Ct Detached $459,000 3 3 1970
3 Bolivar St Detached $524,900 4 3.5 4782
768 Berwick Ct Detached $549,900 3 2 1731
1210 Wells St Detached $750,000 3 3.5 4494
4090 Westbay Rd Detached $765,000 3 2 2078
63 Nansen Summit Detached $899,900 4 3.5 3202
16650 Fir Ln Detached $1,279,000 4 3.5 3860
17344 Cedar Rd Detached $1,325,000 5 2.5 2831

Pending (Aug 25-31, 2014)

Address Type Price BR Baths SF DOM
366 Cervantes Circle 14-C Condo $136,500 2 1 832 2
6360 McEwan Rd Detached $265,500 3 1.5 1450 83
466 5th St #14 Condo $310,000 2 1.5 1092 27
23 Falstaff ST Detached $329,500 3 2 1434 53
475 8th St Detached $375,000 3 1 960 0
562 2nd St Condo $379,900 2 2.5 1302 177
17211 Robb Pl Detached $439,000 3 2 2085 68
2195 Glenmorrie Ln Detached $521,900 3 2 2461 102
4311 Orchard Way Detached $525,000 4 2.5 3010 227
11 Juarez St Detached $550,000 4 2.5 2551 91
33 Morningview Circle Detached $550,000 3 2.5 2737 123
17641 Brookhurst Dr Detached $659,000 4 2.5 3386 34
551 2nd St Condo $660,000 2 2 1631 74
3894 Tamarack Ln Detached $825,000 4 3.5 4035 20
1400 Ridgecrest Dr Detached $1,649,500 4 4 3859 15

Sold/Closed (Aug 25-31, 2014)

Address Type List Price Closed Price Sq Ft CDOM
100 Kerr Parkway #54 Condo $89,900 $86,900 617 2
5720 Kenny St Detached $299,900 $270,000 1416 64
14360 Uplands Dr Detached $468,000 $275,000 2943 483
16200 Pacific Hwy #15 Condo $279,900 $275,000 1,200 6
3009 Wembley Park Rd Detached $365,000 $375,000 1763 3
50 Condolea Ct Condo $425,000 $398,000 2760 85
15115 Twin Fir Rd Detached $409,900 $400,000 1392 160
15422 Partridge Dr Detached $420,000 $405,000 2580 49
4908 Mulholland Dr Attached $439,000 $429,000 2498 8
54 Aquinas St Detached $499,900 $495,000 2632 90
828 5th St Detached $550,000 $535,000 1884 10
1611 Highland Dr Detached $549,000 $549,000 2,675 14
14564 Kruse Oaks Blvd Detached $689,900 $674,250 3001 10
2479 Marylview Ct Detached $769,000 $756,675 3832 18
1603 Bay View Ln Detached $849,000 $775,000 3650 57
5347 Denton Dr Detached $785,000 $779,000 3240 1

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