Open Houses ~ Jan 6, 2013

Enjoy these 10 Open Houses in Lake Oswego Sunday!

Address L/Price # Beds # Baths Total SF Time
16909 TRACY AVE $279,950 4 2 1499 12-3PM
4263 HARVEY WAY $349,000 3 2 1640 1-3PM
15655 FIELDSTONE DR $589,500 4 2.1 2750 1-3PM
5533 FIELDSTONE CT $599,500 4 2.1 3115 1-3PM
13282 BOONES FERRY LN $599,900 4 2.1 3267 1-3PM
18096 Pilkington RD $599,900 3 2.1 3182 1-3PM
1579 BAY VIEW LN $675,000 4 3 4665 1-3PM
329 10TH ST $949,980 4 2.1 3647 1-3PM
310 IRON MOUNTAIN BLVD $1,100,000 4 2.1 3503 1-3PM
1677 LESLIE LN $1,840,000 4 6.1 7534 1-3PM

A New Year!

Oswego-LakeGreetings to all of our loyal and new Property Blotter readers!

As we enter our 5th year of publishing this insiders’ look at the Lake Oswego community and Real Estate scenes, we want to take a moment to thank you so much for your interest and patronage through the years! Dianne and I are as committed as ever to bringing you the micro-focused real estate information you count on, and also the perspective of Lake Oswego as part of the larger Portland Metro Area from time to time. Context is good… at least we think so : )

We both specialize in Lake Oswego property, considering the time we’ve spent living and working here, and we both also have been working all over the Greater Portland Area for many, many years, so please remember us if you know someone who needs a really experienced and reliable Realtor for any property “selling or buying adventure” in this larger geographic area!

Though our lives have changed through the years, the Property Blotter has remained constant, and we hope that you enjoy it as much as we do. Recently we have made one BIG change, and that is that we are now working with Oregon First Real Estate Company!  A change like this is the kind of thing that only occurs once in a very great while, and while we have been very pleased with our previous affiliation and will miss those with whom we’ve worked closely for some time, we are thrilled to be joining this vibrant, established local company with offices all over the Portland area and Vancouver!

Just for fun, I’ve pasted below our very first post from 2008, and after reading it, am feeling both nostalgic, and satisfied with the work we’ve committed ourselves to, and all we’ve accomplished with so many of you.

Happy New Year to each of you…. We toast YOU in 2013!

Welcome to the premier edition of the Property Blotter!

This blog is intended to be a fun and useful forum pertaining to real estate issues in the City of Lake Oswego. It will bring you information that directly reflects current market conditions.

It will also provide you with history of the area and insights into Lake Oswego’s vibrant community. You will find plenty of statistics and details about houses currently for sale and recently sold. You will also find neighborhood profiles and featured homes. And, yes, you’ll get commentary on local events and neighborhood happenings.

What you will not find is endless self-promotion and unneeded advertising. This is going to be a place to learn about Lake Oswego real estate and not a place that will waste your time. We don’t care for that sort of thing any more than you do.

And just who are we and why do we have any right to be doing this? We are Realtors who have each lived in Lake Oswego for some time and have been directly a part of this community. Between us we have 30 years of experience selling real estate in this fine community. Between us we have lived in Lake Oswego for 20 years. Our children have attended school here. We participated in sports here. We volunteered with local non-profits here. We know this town.

Lake Oswego is an amazing place to live. It is also seriously misunderstood. Yes, there are million-dollar homes in Lake Oswego. But more than money, Lake Oswego is a town that has people who care. It has always had great schools and so attracts families looking for excellent public schools. There are modest homes as well as lakeside estates.

If we are doing our job right, you’ll come away from this blog feeling like you know a bit more about what prices of homes are like, what is going on with local businesses, and what it is about LO that makes it a great place to live and to work. If you currently live here, you’ll know more about what your home may be worth. If you are thinking about moving here, you’ll know more about what to expect when you buy a home and what this community is like as a place to live.

So come along with us on this “blog-mobile”. It is going to be a great journey.

Market Activity Dec 24-30, 2012

Market Activity for last week brought just 1 new listing, 3 pending sales, and 7 closed sales. Expect the real estate market to start picking up as we move into the New Year.

See below for further details on last week’s Market Activity:

NEWLY LISTED (Dec 24-30, 2012)

Address Type Price BR Bths SF
115 Touchstone Ter Attached $355,000 3 3.5 2884

PENDING SALES (Dec 24-30,2012 2012)

Address Type Price BR Baths SF DOM
5059 Foothills Dr F Condo $165,000 2 2 997 31
44 Greenridge Ct Attached $199,900 3 2.5 1996 407
5880 Rockwood Ct Detached $275,000 3 2 1772 260

SOLD (Dec 24-30,2012)

Address Type List Price Closed Price Sq Ft CDOM
39 Crestfield Ct Condo $49,900 $52,000 689 119
668 McVey Ave #75 Condo $214,000 $135,000 626 402
4270 Oakridge Rd Detached $275,000 $267,500 978 143
232 6th St Detached $335,000 $335,000 1389 0
18238 Terry Ave Detached $359,000 $340,000 1570 43
14062 Goodall Rd Detached $1,499,000 $1,400,000 6,074 39
2700 Summit Dr Detached $1,800,000 $1,753,875 4472 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

NEWLY LISTED (Dec 17-23, 2012)

Address List Price # Beds # Baths Total SF Prop Type
620 MIDDLECREST RD $249,000 2 1 884 DETACHD
57 TOUCHSTONE $420,000 4 3 2465 DETACHD
1231 BAYBERRY RD $469,000 3 2 1980 DETACHD
1921 GLENMORRIE LN $624,000 3 3 2375 DETACHD

PENDING SALES (Dec 17-23,2012 2012)

Address List Price # Beds # Baths Total SF Prop Type CDOM
216 RIDGEWAY RD #14D $122,700 2 1 914 CONDO 74
5225 JEAN RD $159,900 3 2 1500 ATTACHD 139
19176 BENFIELD AVE $299,000 4 2 1538 DETACHD 15
36 AQUINAS ST $324,900 3 2 1606 DETACHD 94
16747 BONAIRE AVE $329,900 3 2 1610 DETACHD 86
17 CONDOLEA DR $350,000 3 2.1 2198 CONDO 197
4750 AUBURN LN $389,500 3 3.1 2679 ATTACHD 240
4360 UPPER DR $415,000 3 2 2434 DETACHD 20
39 TANGLEWOOD DR $425,000 4 3 3124 DETACHD 91
4679 HASTINGS PL $439,900 3 2.1 2097 DETACHD 3
84 BERWICK RD $549,000 5 3 3305 DETACHD 126
4052 ORCHARD DR $688,500 4 3.1 4081 DETACHD 5
467 9th ST $825,000 3 3.1 2800 DETACHD 341
18137 MEADOWLARK LN $1,350,000 4 4.1 5935 DETACHD 23
3917 SOUTHSHORE BLVD $1,950,000 3 4.1 4657 DETACHD 214

SOLD (Dec 17-23,2012)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
3894 BOTTICELLI ST 175000 165000 2 1.1 1132 CONDO 12
16758 GRAEF CIR 259000 255000 3 1 1295 DETACHD 158
18 ABELARD ST 387500 330000 4 2.1 2101 DETACHD 79
1800 KILKENNY DR 349900 332000 5 2.1 4361 DETACHD 132
4328 GALEWOOD ST 359000 351200 3 2.1 1781 DETACHD 5
6109 SUMMER WOODS 394900 390000 4 2.1 2331 DETACHD 16
39 NOVA CT 399900 399900 4 2.1 2590 DETACHD 6
15840 FIR GROVE CT 569900 445000 4 2.1 2666 DETACHD 109
4994 HARTFORD PL 549900 525000 5 2.1 3325 DETACHD 107
14003 CHELSEA DR 550000 540000 4 2.1 3270 DETACHD 248
655 7TH ST 799000 805000 3 2.1 2770 DETACHD 275

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

Open Houses ~ Dec 23, 2012

As we near the Christmas Holiday, we always notice a shift in attention to family, friends, and sharing the Joys of the season… as it should be.
Even so, there are three beautiful homes to see Sunday according to RMLS:

Address L/Price # Beds # Baths Total SF Prop Type Open
4000 CARMAN DR #21 $94,500 2 2 885 TOWNHM 11AM-1PM
17702 OVERLOOK CIR $465,900 5 2.1 3490 DETACHD 1-3PM
831 NORTHSHORE RD $800,000 3 2.1 2200 DETACHD 1-4PM

News & Notes

Take a break from Holiday Merry-Making and check out what’s happening in the local real estate market!
Here is some recent data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) activity:

According to the RMLS Market Action Report for the Portland Metro Area November, 2012. At 1,733, closed sales were 13.9% higher than November 2011 sales of 1,521.

  • In the first 11 months of 2012, there were 30,964 new listings, 22,726 accepted offers, and 21,546 closed sales.
  • The average sale price year-to-date ($273,800) rose 3.9% over the same period last year,
  • ***AND… Total time on the market has dropped by 21.5% from 143 to 112 days.
  • For our Property Blotter readers, the combined area of Lake Oswego and West Linn reported:

    • 520 Active Listings
    • 94 New Listings
    • 101 Pending Sales
    • 97 Closed Sales
    • An average Sale Price of $425,600.
    • Average Time on the Market: 128 Days

    NEWLY LISTED (Dec 3-9, 2012)

    Address List Price # Beds # Baths Total SF Prop Type
    4620 LOWER DR $75,000 2 1.1 1160 CONDO
    50 GREENRIDGE CT $280,000 3 2.1 2000 CONDO
    19176 BENFIELD AVE $299,000 4 2 1538 DETACHD
    1659 OAK ST $399,900 3 2.1 1764 DETACHD
    17702 OVERLOOK CIR $465,900 5 2.1 3490 DETACHD
    13517 SNOWBERRY CT $659,000 4 2.1 3300 DETACHD
    642 8TH ST $975,000 4 2.2 3653 DETACHD
    16655 MAPLE CIR $999,000 3 2 2030 DETACHD
    3690 LAKEVIEW BLVD $3,950,000 5 5.1 6366 DETACHD

    PENDING SALES (Dec 3-9,2012 2012)

    Address List Price # Beds # Baths Total SF Prop Type CDOM
    4000 CARMAN DR #21 $94,500 2 2 885 CONDO 42
    34 CERVANTES CIR #4F $119,500 2 1.1 912 CONDO 21
    4310 BOTTICELLI ST $164,900 2 2.1 2098 CONDO 62
    1237 HALLINAN CIR $269,900 4 2 1284 DETACHD 4
    18892 INDIAN SPRINGS CIR $305,000 3 2 1611 DETACHD 127
    1610 ASH ST $375,000 3 2 2181 DETACHD 48
    17121 WALL ST $419,900 3 2.1 2187 DETACHD 102
    530 BOCA RATAN DR $429,900 4 3 3368 DETACHD 90
    15225 CANDLEWOOD CT $449,900 4 2.1 2758 DETACHD 239
    444 10TH ST $549,000 4 2 1876 DETACHD 88
    567 2nd ST #302 $555,000 2 2 1459 CONDO 20
    2420 PALISADES CREST DR $599,000 4 2.1 3471 DETACHD 188
    837 6TH ST $735,000 4 2.1 2420 DETACHD 7
    1655 EDGECLIFF TER $1,175,000 4 3.1 3416 DETACHD 182

    SOLD (Dec 3-9,2012)

    Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
    18409 BENFIELD AVE $262,500 $224,000 3 1.1 1400 DETACHD 56
    5134 TREE ST $250,000 $250,000 3 1.1 1405 DETACHD 44
    17423 OAK MEADOW LN $499,900 $400,000 3 2.1 3125 DETACHD 141
    6 DA VINCI ST $479,900 $408,000 4 2.1 3378 DETACHD 42
    17561 SHEPHERDS CT $600,000 $525,000 4 2.1 3011 DETACHD 135
    2888 VALE CT $545,888 $535,000 5 3 4396 DETACHD 124
    13548 STREAMSIDE DR $599,900 $570,000 5 3 3336 DETACHD 57
    13554 SOUTHWOOD CT $609,900 $611,000 3 2.1 2891 DETACHD 3
    852 B AVE $649,000 $620,000 4 2 2368 DETACHD 22
    2092 SUMMIT DR $1,295,000 $1,295,000 4 4.1 4441 DETACHD 289

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

    Open Houses ~ Dec. 9, 2012

    There are 13 great homes on “Sunday Tour” for your enjoyment according to RMLS.
    Get in the holiday spirit and have an adventure!

    Address L/Price # Beds # Baths Total SF Style Time
    4231 WOODSIDE CIR $274,500 3 2 1943 TOWNHSE 1-3PM
    16909 TRACY AVE $279,950 4 2 1499 DETACHD 11-3PM
    3190 DUNCAN DR $324,900 3 2.1 2401 DETACHD 1-3PM
    17002 CRESTVIEW DR $395,000 3 2.1 2163 DETACHD 1-3PM
    979 DEVON LN $397,000 4 3.1 2162 DETACHD 1-4PM
    1670 FIRCREST DR $425,000 4 3 2000 DETACHD 1-3PM
    15495 TANAGER DR $429,000 4 2.1 2255 DETACHD 1-3PM
    1429 GREENTREE CIR $459,500 4 2.1 2599 DETACHD 1-3PM
    15655 FIELDSTONE DR $589,500 4 2.1 2750 DETACHD 1-3PM
    18096 Pilkington RD $599,900 3 2.1 3182 DETACHD 1-3PM
    720 MAPLE ST $689,000 3 2.1 3966 DETACHD 1-3PM
    4767 DOGWOOD DR $699,999 4 2.1 3964 DETACHD 2-4PM
    329 10TH ST $950,000 4 2.1 3647 DETACHD 1-3PM

    News & Notes

    October 2012
    Here are some Market Notes for You~

    You’ve probably heard that market activity all around Portland is picking up, and Dianne and I are certainly experiencing it. Here is some recent data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) activity:

    According to the RMLS Market Action Report for the Portland Metro Area October, 2012. “At 2,103, closed sales were 42.7% higher than October 2011 sales of 1,474, and 11% higher than closed sales in Sept. 2012.

    • “This was the best October since 2006 for Pending and Closed sales.”
    • The average sale price year-to-date ($273,400) rose 3.7% over the same period last year,
    • ***AND… Total time on the market has dropped by 21% from 144 to 102 days.

    For our Property Blotter readers, the combined area of Lake Oswego and West Linn reported:

    • 604 Active Listings
    • 167 New Listings
    • 120 Pending Sales
    • 135 Closed Sales
    • An average Sale Price of $475,600.
    • Average Time on the Market: 108 Days

    Market Activity 11/26-12/2/12

    Last week there were 9 New on the market, 11 Pending and 19 Sold:

    See below for further details on last week’s Market Activity:

    NEWLY LISTED (Nov 26-Dec 2, 2012)

    Address Type Price BR Bths SF
    5059 Foothills Dr F Condo $165,000 2 2 997
    1237 Hallinan Circle Detached $269,900 4 2 1284
    1288 Rockinghorse Ln Detached $382,500 3 2 1742
    17002 Crestview Dr Detached $395,000 3 2.5 2163
    4102 Chad Dr Detached $672,000 4 2.5 3054
    837 6th St Detached $735,000 4 2.5 2420
    13070 Fielding Rd Detached $1,295,000 2 1 828
    18137 Meadowlark Ln Detached $1,350,000 4 4.5 5935
    17900 Crestline Dr Detached $1,699,000 5 3.5 4738

    PENDING SALES (Nov 26- Dec 2,2012 2012)

    Address Type Price BR Baths SF DOM
    4450 Thunder Vista Ln Condo $145,000 2 2.5 2040 148
    3787 Lanewood St Detached $245,000 3 2 1300 214
    4270 Oakridge Rd Detached $275,000 2 1 978 143
    36 Nova Ct Detached $360,000 4 2.5 2256 20
    2550 Greentree Rd Detached $404,900 4 3 2852 50
    3838 Rivers Edge Dr Detached $498,900 4 2.5 2806 57
    5193 Denton Dr Detached $635,000 4 2.5 3076 114
    1 Dover Way Detached $799,000 4 3 3559 32
    8 Dover Way Detached $975,000 6 4.5+.5 6244 89
    18202 Bella Terra Dr Detached $994,900 4 3.5 3863 454
    2092 Summit Dr Detached $1,295,000 4 4.5 4441 289

    SOLD (Nov 26- Dec 2,2012)

    Address Type List Price Closed Price Sq Ft CDOM
    350 Cervantes Circle 1-E Condo $114,500 $105,000 912 24
    4000 Carman Dr #107 Condo $159,900 $110,000 1032 229
    167 Oswego Summit Condo $147,000 $147,000 1506 $15
    5225 Jean Rd #313 Condo $159,900 $153,500 1200 10
    213 Oswego Summit #213 Condo $185,000 $160,000 1383 105
    18350 Tualata Ave Detached $234,900 $200,000 996 70
    18055 Central Ave Detached $191,565 $248,100 1202 10
    4765 Firwood Rd Detached $300,000 $283,000 1728 51
    12510 SW 27th Pl Detached $349,900 $325,000 2484 168
    1690 Fircrest Ct Detached $429,900 $405,000 2718 48
    18140 Pioneer Ct Detached $430,000 $415,000 2537 167
    29 Spinosa Detached $549,999 $475,000 3254 789
    5677 Bonita Rd Detached $600,000 $500,000 3603 265
    19313 Riverwood Ln 2west Detached $620,201 $620,201 3367 0
    1918 Indian Trail Detached $695,000 $650,000 3090 215
    1799 Atherton Dr Detached $699,900 $725,000 6280 18
    17680 Blue Heron Dr Detached $800,000 $725,000 3070 85
    750 Terrace Dr Detached $899,000 $850,000 3569 106
    2805 Southshore Blvd Detached $899,000 $855,000 2619 106

    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