Looking for a nice break in the holiday shopping? How about checking out one of these open houses that are scheduled for this Sunday in Lake Oswego? Enjoy!
With Thanksgiving upons us, RMLS shows 10 New properties entering the market, 9 moving to Pending status, and 22 that “Closed”/Sold last week in Lake Oswego.
Here is the breakdown of activity according to RMLS:
NEW ON MKT (Nov 18-24, 2013):
Address
List Price
# Beds
# Baths
Total SF
Prop Type
18600 INDIAN CREEK DR
$279,900
3
2
1607
DETACHD
12894 BOONES FERRY RD
$299,000
2
2.1
1136
CONDO
490 G AVE
$399,900
4
2
2126
DETACHD
4109 WOLF BERRY CT
$529,900
4
2.1
2661
DETACHD
2302 OVERLOOK DR
$595,000
4
2.1
3125
DETACHD
16311 INVERURIE RD
$599,900
4
2
2047
DETACHD
18064 JENIFERS WAY
$639,950
5
3
2965
DETACHD
5502 KODERRA AVE
$639,950
5
2.1
2633
DETACHD
18108 PILKINGTON RD
$799,950
3
3.1
4129
DETACHD
49 BRIARWOOD RD
$950,000
3
2
2412
DETACHD
PENDING SALES (Nov 18-24, 2013)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
6380 WASHINGTON CT
$315,000
3
2
1720
DETACHD
86
4711 REMBRANDT LN
$359,900
3
2.1
2050
DETACHD
65
1880 KILKENNY DR
$400,000
4
3
2778
DETACHD
2
18272 WESTVIEW DR
$459,000
4
3.2
3626
DETACHD
31
17129 KELOK RD
$499,000
3
2
1996
DETACHD
42
5522 ROYAL OAKS DR
$598,950
4
2.1
2471
DETACHD
160
3300 RIVER WOODS PL
$749,000
3
2.1
3642
DETACHD
75
13562 PETERS RD
$825,000
4
3
3106
DETACHD
123
4018 COHO LN
$925,000
4
4.1
5128
DETACHD
111
SOLD (Nov 18-24, 2013)
Address
Opening Price
Closed Price
# Beds
# Baths
Total SF
Prop Type
CDOM
45 EAGLE CREST DR #409
$150,000
$145,750
2
2
1214
CONDO
60
143 OSWEGO SMT
$146,000
$146,000
2
2
1212
CONDO
24
45 EAGLE CREST DR #508
$179,900
$175,000
2
2
1046
CONDO
29
220 CERVANTES #C
$185,000
$178,000
2
2
1378
CONDO
12
1484 BOCA RATAN DR
$229,900
$187,000
3
1.1
1403
ATTACHD
115
18717 PILKINGTON RD
$240,000
$191,000
3
1
1240
DETACHD
88
17500 PILKINGTON RD
$225,000
$204,900
3
1
1050
DETACHD
119
4281 COBB WAY
$349,900
$349,900
3
2
1626
DETACHD
3
5103 MADRONA ST
$349,900
$360,000
2
2
1329
DETACHD
29
1023 LUND ST
$429,000
$375,000
4
2.1
2313
DETACHD
99
1528 CEDAR ST
$449,900
$390,000
3
2
2080
DETACHD
33
8 BERNINI CT
$449,000
$410,000
3
2
1465
DETACHD
95
45 TANGLEWOOD DR
$433,900
$433,900
5
3.1
3166
DETACHD
4
16838 WIGHT LN
$469,500
$460,000
4
2.1
2364
DETACHD
85
1941 GREEN ACRES LN
$525,000
$498,800
4
2.1
2449
DETACHD
227
4121 HEDGE NETTLE CT
$552,500
$500,000
3
2.1
2307
DETACHD
244
17973 SAINT CLAIR DR
$565,000
$523,500
4
3
3323
DETACHD
27
5353 FIRWOOD RD
$579,500
$550,000
3
2
2292
DETACHD
25
5900 SUNCREEK DR
$699,900
$695,900
4
2.1
3736
DETACHD
106
5728 BAY CREEK DR
$789,000
$700,000
5
2.1
3567
DETACHD
133
13052 KNAUS RD
$789,000
$725,000
4
3
3026
DETACHD
36
15411 VILLAGE DR
$899,900
$865,000
4
3.1
3809
DETACHD
7
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
Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) activity:
It’s still Fall in Lake Oswego & the Portland area (though it is starting to feel more like Winter : ) and that means we see a continued seasonal slowing in real estate activity (you all know this ; ), but there are still steady sales going on. So far this year the overall Portland area has seen 23,955 Accepted Offers. We’ve also had a whopping 22,909 Closed Sales so far which is up 16.2% compared to last year at this same time. October had the most Closed Sales since 2006! Yes, things are looking up, up, up!
According to the RMLS Market Action Report for the Portland Metro Area October, 2013:
At 2,189, October Closed Sales increased 1.4% over September , and 4.1% over October 2012.
There were 2,535 New Listings in October. This was a decrease of 13.3% from September, and an increase of 5% over October of 2012.
The Average Sale Price in October was $314,100, down from $317,300 in September.
October Pending Sales (accepted offers) dropped by 4.2% compard to September, and decreased by 2.4% as compared to October 2012.
The combined areas of Lake Oswego and West Linn for October reported:
Last week in Lake Oswego there were 14 new listings, 14 pending sales, and 9 closed sales.
Here is the breakdown of activity according to RMLS:
NEW LISTINGS (Nov 11-17, 2013):
Address
Type
Price
BR
Bths
SF
48 Eagle Crest Dr 4A
Condo
$169,000
2
2
1489
3894 Botticelli St
Attached
$184,900
2
1.5
1132
1561 Bonniebrae Dr
Condo
$249,900
3
2
1393
105 Rosewood St
Detached
$319,000
3
1
1848
5785 Carmand Dr
Detached
$344,900
5
2
1934
18341 Fernbrook Ct
Detached
$379,900
4
2
1872
920 York Rd
Detached
$415,000
4
2.5
2701
18978 Indian Springs Cir
Detached
$424,900
3
2
1900
231 Laurel St
Detached
$435,000
3
3
2244
6 Yorick St
Detached
$495,000
5
3
1964
3541 Red Cedar Way
Detached
$539,000
4
3
1964
1830 Cloverleaf Rd
Detached
$599,000
3
2.5
1857
5616 Grand Oaks Dr
Detached
$619,000
4
3
3096
1495 Oak Terrace
Detached
$2,279,000
4
4
3983
PENDING SALES (Nov 11-17, 2013)
Address
Type
Price
BR
Baths
SF
DOM
47 Eagle Crest Dr C31
Condo
$94,000
2
1
1009
400
15938 Quarry Rd 4-A
Condo
$139,500
2
1
991
17
4 Touchstone #62
Condo
$149,500
3
2.5
1351
46
5164 Lakeview Blvd
Detached
$246,000
4
2
1120
10
2440 Greentree Rd
Detached
$349,900
3
1.5
1850
28
4271 Woodside Circle
Attached
$360,000
3
2
2126
99
17310 Canal Circle
Detached
$375,000
4
2
1633
21
340 4th St
Attached
$399,900
2
2.5
1731
2
10 Juarez St
Detached
$500,000
3
2.5
3740
161
18042 Jenifers Way
Detached
$649,950
4
3
2946
109
280 E Ave
Detached
$699,000
4
2.5
2500
289
3826 Upper Dr
Detached
$739,900
4
2.5
3194
14
14530 Uplands Dr
Detached
$899,000
4
3.5
4080
409
735 7th St
Detached
$939,000
3
3.5
2945
125
SOLD (Nov 11-17, 2013)
Address
Type
List Price
Closed Price
Sq Ft
CDOM
15495 Brianne Ct
Attached
$235,000
$235,500
1292
35
1784 Bonniebrae Dr
Attached
$270,000
$248,000
1393
36
720 Pebble Beach Ct
Detached
$405,000
$390,000
1957
62
1250 Hemlock St
Detached
$399,950
$398,450
2,656
90
4979 Bilford Ln
Detached
$467,590
$468,000
2200
7
14058 Chatham Ct
Detached
$519,900
$525,000
2235
4
5555 Fieldstone Ct
Detached
$589,500
$569,500
2664
153
5780 Childs Rd
Detached
$669,000
$610,000
2770
149
622 Carrera Ln
Detached
$995,000
$825,000
5446
84
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
When counseling people at this time of year, particularly people who are thinking of selling their homes, I am commonly asked if this is a good time to sell a house. Here is my take on the timing for both selling and buying.
For People Selling a Home
While the real estate market typically slows down during the winter, and particularly during the holidays, the fact remains that houses sell all year around. I see several advantages to selling at this time of year.
First, there are fewer houses for sell, so there is less competition. A well priced and well staged home will really stand out. The time of year also gives you some staging opportunities with holiday decor and lighting. It needs to be done tastefully. You don’t want your house to look like a holiday garage sale. Choose your decorating carefully and don’t over do it. Please do turn on every light in the house for showings.
Second, if a corporation aligns its fiscal year to the calendar year, it means that more executives get transferred at this time of year. Corporations like to plan for the year end and expense out as much as possible. So if you are a seller at this time of year, you may find more highly qualified executives on the move.
Third, people who are shopping for a house at this time of year are MOTIVATED. It is certainly easier to move during nice weather and when your time is not consumed by holiday obligations. So while there may be fewer buyers, the quality of buyers is quite high. “A Walk in the Rain”, Marcel Germain
For People Thinking of Buying a Home
This is an absolutely optimum time of year to buy, for several reasons.
First, historically interest rates are lower in the winter than at other times of the year. Mortgage companies need to be making loans to be making money. When the market slows down, lenders tend to lower interest rates to make lending their money more attractive to buyers. So you may be able to get a better rate at this time of year than you will next spring.
Second, there is no better time of year to do a home inspection. If there is a water issue, it will be more likely found during the active rainy season. That is not to say that a good home inspector won’t find evidence of water issues in the bone dry days of July. Water does after all leave water marks and stains. But in the full throws of winter, water is actively engaging with the house and it can be very easily seen and figured out.
Last, if a house looks good at 4:30 on a gray November day, it is going to look sensational on a 75 degree day in May. Seriously, a house that looks good in the winter will knock your socks off in the summer.
What it really boils down to is do you need to be making your move now? If you do, don’t hesitate to get into the market to either buy or to sell. This is a great time of year to do both.
Easy does it. RMLS shows 8 New properties entering the market, 16 moving to Pending status, and 10 that “Closed”/Sold last week in Lake Oswego. Feels like “the season” : )
Here is the breakdown of activity according to RMLS:
NEW ON MKT (Nov 4-10, 2013):
Address
List Price
# Beds
# Baths
Total SF
Prop Type
3696 SPRING LN #3B
$141,700
2
2
1117
CONDO
16200 Pacific Hwy #21
$285,000
2
2
1200
CONDO
16200 PACIFIC HWY #24
$285,000
2
2
1190
CONDO
15956 PARKER RD
$579,900
4
2.1
3200
DETACHD
5004 WOODCREST LN #16E
$589,900
3
2.1
2523
DETACHD
363 6TH ST
$599,900
3
3.1
2258
ATTACHD
2814 VALE CT
$629,000
4
3
3192
DETACHD
13581 GOODALL RD
$799,000
3
2
1220
DETACHD
PENDING SALES (Nov 4-10, 2013)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
100 KERR PKWY #56
$104,900
2
1.1
823
CONDO
4
6397 MCEWAN RD
$289,900
3
2
1008
DETACHD
55
15 SUMMIT RIDGE CT
$324,900
2
2.1
1750
ATTACHD
26
4990 OAKRIDGE RD
$329,000
3
2
1700
DETACHD
80
13008 ROGERS RD
$439,900
4
2.1
2448
DETACHD
152
3200 UPPER DR
$469,500
4
3
2543
DETACHD
75
5172 WOODCREST LN #LT 2E
$559,554
3
2.1
2500
DETACHD
5
885 LAKE FOREST DR
$575,000
4
3
2186
DETACHD
6
19524 RIVER RUN DR
$618,950
4
2.1
2630
DETACHD
124
208 NORTHSHORE RD
$629,900
5
3
2926
DETACHD
113
19321 RIVERWOOD LN #LT 3W
$635,969
4
4
3367
DETACHD
3
5185 WOODCREST LN #24E
$643,098
3
2.1
2500
DETACHD
1
716 LAKESHORE RD
$675,000
3
2
1878
DETACHD
101
5728 BAY CREEK DR
$719,900
5
2.1
3567
DETACHD
133
4150 Upper DR
$915,000
3
3.1
3354
DETACHD
160
1600 VIEW LAKE CT
$950,000
2
2.1
3335
DETACHD
165
SOLD (Nov 4-10, 2013)
Address
O/Price
Close Price
# Beds
# Baths
Total SF
Prop Type
CDOM
47 EAGLE CREST DR #60
$139,900
$115,000
3
2
1026
CONDO
153
5225 JEAN RD #306
$170,000
$160,000
2
2
1400
ATTACHD
147
5813 SW KENNYCROFT WAY
$292,500
$260,000
3
1
1182
DETACHD
107
95 KINGSGATE RD
$299,000
$305,000
3
2.1
1669
DETACHD
3
1645 CLOVERLEAF RD
$429,900
$392,000
3
3
2494
DETACHD
33
2727 GLEN HAVEN RD
$449,900
$450,000
3
2
2518
DETACHD
3
2103 RIDGEWOOD RD
$599,000
$498,000
3
2
1648
DETACHD
71
1873 OAK ST
$635,000
$585,000
3
2.1
3576
DETACHD
157
2183 HILLSIDE CT
$799,000
$770,000
4
3.1
4473
DETACHD
171
3149 DOUGLAS CIR
$1,180,000
$1,075,000
5
3.2
5237
DETACHD
443
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
We’ve had a few weeks of Indian Summer with crazy blue skies and lots of sunshine, and it now looks like we’re really into the Fall Season. This time of year we engage in “Fall Cleaning” at my house. This particular year that means new floors in the kitchen, utility room and bathroom, and new paint everywhere as we prepare for the holidays and months ahead during which we enjoy entertaining, and just reveling in the inside of our home most of the time. Do you find yourself sprucing more at this time of year than in the Springtime? …or is it just me!? : )
In Lake Oswego there are plenty of things to do outside of your home this season.
Everyone looks forward to the Holiday Tree Lighting the day after Thanksgiving at Bigelow Plaza (5th & A). It is a big deal in Lake Oswego, and we’d love to see you there as the whole town comes out to mark the start of the holiday season CLICK HERE for more info.
We all want to start to transform our homes into holiday retreats whose lights we can see from down the block as we approach after a long day’s work! Holiday Wreath-Making at Luscher Farms is one way to really get into the spirit. CLICK HERE for more info.
Beat the Fall/Winter weather by taking your kids to the Indoor Playground sponsored by Lake Oswego Parks & Recreation Dept. Mondays, Wednesdays & Fridays you can let the kids run, jump & play on all kinds of park equipment… but stay warm & cozy indoors! CLICK HERE for more information.
From knitting to gaming to poetry-slamming…. Lake Oswego has it all for teens this season! CLICK HERE for more information on programs & events.