Tag: sold

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News & Notes ~ July Numbers

Here are the most recent real estate numbers for Portland and the Lake Oswego/West Linn areas (RMLS lumps them together).

Enjoy!  I hope you find this helpful.

According to the RMLS Market Action Report for the Portland Metro Area, July, 2015:

  • There were 4,273 New Listings in July which was down .2% from the previous month/June, but up 8.1% from July of 2014.
  • At 3,452 July Closed Sales increased 4.5% over June, and were up  28.9% from July of 2014.
  • July Pending Sales (accepted offers), at 3,494, were down a bit from the previous month by 3.1%, and 24.7% better than July of 2014.
  •  The Average Sale Price in July of $369,100 was down a whole $400. from June’s Average of $369,500, and up $24,400 from July of 2014’s $344,700. 

The combined areas of Lake Oswego and West Linn  for the month of July 2015 reported:

    •  447 Active Listings 
    •  253 New Listings  
    •  190 Pending Sales    
    •  201 Closed Sales   
    • Average Sale Price for July of $570,800. 
      • 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: 65 Days 
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Market Activity ~ Aug 10-16, 2015

LakeI Love August : ) Its my favorite month!  I hope you’re enjoying yours. Please feel free to call if you need any help.

Very Best,

Linda

~and~ Dianne & Whitney : )

Last week in Lake Oswego we saw 21 New properties enter the market, 28 move to Pending status, and 28 “Closed”/Sold.

Following is the breakdown for you according to RMLS for last week:

NEW on Mkt (Aug 10-16, 2015)

Address List Price # Beds # Baths Total SF Prop Type
319 CERVANTES $199,900 3 2 1209 CONDO
52 CERVANTES CIR #3A $239,000 2 1.1 1344 CONDO
#3B $246,900 2 2 1489 CONDO
200 BURNHAM RD #408 $249,000 2 2 1305 CONDO
45 EAGLE CREST DR #509 $299,900 2 2 1379 CONDO
6210 CHILDS RD $425,000 3 1.1 1296 DETACHD
25 ORIOLE LN $449,950 3 2 1460 DETACHD
908 BICKNER ST $525,000 3 2 2263 DETACHD
1551 WOODLAND TER $525,000 4 2 2712 DETACHD
10 DEL PRADO ST $539,900 5 3 3104 DETACHD
207 EVERGREEN RD $579,000 3 3.1 1789 ATTACHD
15590 TANAGER DR $585,000 4 2.1 2532 DETACHD
327 CERVANTES $600,000 5 3.1 3600 DETACHD
316 MIDDLECREST RD $664,000 3 2.1 3202 DETACHD
279 EVERGREEN RD $679,900 3 3.1 2136 ATTACHD
1293 TIMBERLINE DR $699,000 3 3 2957 DETACHD
2461 MARYLHAVEN PL $720,000 5 3 3282 DETACHD
49 HILLSHIRE DR $749,900 4 2.2 4193 DETACHD
12716 ELK ROCK RD $1,000,000 3 2.1 4015 DETACHD
725 5th ST $1,124,900 3 3 2748 DETACHD
454 9TH ST $1,125,000 3 4 3278 DETACHD

PENDING SALES (Aug 10-16, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #14 $89,900 1 1 666 CONDO 105
47 EAGLE CREST DR #51 $90,000 1 1 666 CONDO 9
50 CERVANTES CIR #Main $165,000 2 1.1 1368 CONDO 4
192 OSWEGO SMT #192 $183,000 2 2 1383 CONDO 182
48 EAGLE CREST DR #4A $185,000 2 2 1489 CONDO 4
3864 BOTTICELLI ST #Main $197,000 2 1.1 1132 CONDO 3
668 MCVEY AVE #85 $199,900 2 1.1 976 CONDO 54
5882 KENNYCROFT WAY $315,000 3 2 1272 DETACHD 34
434 5TH ST #Grnd $324,900 2 1.1 1092 CONDO 4
6053 FERNBROOK ST $338,000 3 1 912 DETACHD 4
15879 KIMBALL ST $349,900 3 1.1 1076 DETACHD 11
6105 SW SHAKESPEARE ST $389,900 4 2 1550 DETACHD 81
17273 BRYANT RD $395,900 3 1.1 1452 DETACHD 120
35 CHURCHILL DOWNS $439,900 4 3 2271 DETACHD 56
15948 QUARRY RD $445,000 2 1 920 DETACHD 54
383 ASH ST $450,000 3 2.1 1697 DETACHD 6
523 2ND ST #105 $489,000 2 2 1208 CONDO 20
38 MORNINGVIEW CIR $525,000 3 3 2408 DETACHD 5
17766 MARYLCREEK DR $749,000 4 3.1 4439 DETACHD 36
5484 WESTFIELD CT $795,000 4 2.1 3062 DETACHD 3
5635 BAY CREEK DR $799,900 4 2.1 3036 DETACHD 10
5833 STEWART GLENN CT $835,000 4 2.1 3258 DETACHD 26
1189 SUNNINGDALE CT $849,000 3 2.1 2072 DETACHD 0
14360 UPLANDS DR $849,000 4 3.2 2577 DETACHD 31
13447 STREAMSIDE CT $849,900 5 2.1 3609 DETACHD 48
815 OAK ST $919,000 4 3.1 3709 DETACHD 52
17435 WREN CT $1,299,900 4 3 2960 DETACHD 2
13624 GOODALL RD $1,499,000 4 4.2 4411 DETACHD 157

SOLD  (Aug 10-16, 2015)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #24 109000 92836 1 1 672 CONDO 56
31 LADD ST 318900 300000 3 1 867 DETACHD 127
12826 BOONES FERRY RD 304500 307000 2 2.1 1136 ATTACHD 6
5392 TREE ST 373900 362500 3 1.1 1232 DETACHD 7
258 CERVANTES 385000 385000 3 2.1 2312 ATTACHD 13
2705 ORCHARD HILL PL 435000 440000 3 2.1 2250 DETACHD 6
6276 FROST LN 449000 449000 4 3.1 2304 DETACHD 71
643 2ND ST 450000 452500 2 2 1457 ATTACHD 2
4023 TROUT WAY 395000 470000 4 2.1 2758 DETACHD 4
1293 HIDE A WAY LN 489000 480000 3 2.1 1720 DETACHD 4
4220 ALBERT CIR 585000 553000 3 3 2406 DETACHD 49
16460 LEXINGTON CT 574000 580000 3 2.1 2477 DETACHD 8
12448 ORCHARD HILL RD 599900 599000 4 3 3336 DETACHD 178
17 EL GRECO ST 644000 645100 5 2.1 2778 DETACHD 4
1775 PALISADES TERRACE DR 661000 650000 4 2.1 2112 DETACHD 0
321 5TH ST 749000 690000 3 3.1 2737 DETACHD 158
1503 EASTVIEW CT 689000 694000 3 3.1 3337 DETACHD 7
3723 RIVERS EDGE DR 750000 750000 4 2.1 2875 DETACHD 2
2221 OVERLOOK DR 799000 750000 4 2.1 3628 DETACHD 31
14153 EDENBERRY DR 775000 775000 4 2.1 3113 DETACHD 28
14009 CHELSEA DR 765000 785000 4 2.1 3060 DETACHD 5
5364 LANGFORD LN 825000 797000 3 2.1 3022 DETACHD 27
5650 BAY CREEK DR 859900 799900 4 2.1 3668 DETACHD 53
49 BRIARWOOD RD 950000 900000 3 2 2162 DETACHD 138
17340 OAK MEADOW LN 929000 913000 3 3.1 3718 DETACHD 35
4540 LAMONT WAY 949900 949900 4 2.1 3555 DETACHD 6
827 8TH ST 999990 1000000 5 3.1 3852 DETACHD 3
328 KENWOOD RD 1095000 1100000 4 4 4184 DETACHD 2

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 03 – 09, 2015

Hello everybody!
Last week we saw some good activity here in Lake Oswego. 20 new houses entered the market, 28 properties have gone pending, and 21 homes where sold! Our summer, though cloudy today, has remained pretty hot in the real estate market!

Following is the breakdown for you according to RMLS for last week:

New on Market (Aug 03-Aug 09, 2015)

Address Type Price Bedrooms Bathrooms Sqft
47 EAGLE CREST DR #51 CONDO 90,000 1 1 666
45 EAGLE CREST DR #208 CONDO 185,000 2 2 1046
210 S STATE ST #3 CONDO 297,500 2 1.5 1495
16524 ROOSEVELT AVE DETACHED 349,000 3 1 1131
4141 CHILDS RD DETACHED 360,000 3 2 1339
17347 ASHLEY CT ATTACHED 459,900 4 2.5 2117
14754 DAVIS LN ATTACHED 460,000 3 2.5 1925
5475 BONTA RD DETACHED 519,000 3 2 1904
17920 MEADOWLARK LN DETACHED 569,000 4 2 2716
15585 PARTRIDGE DR DETACHED 620,000 4 2.5 2604
13084 KNAUS RD DETACHED 899,000 4 2.5 3285
12870 ELD ROCK RD DETACHED 950,000 4 3 2725
1361 COUNTRY CMNS DETACHED 1,150,000 3 2.5 3118
581 2ND ST #581 CONDO 1,200,000 2 2.5 2190
12842 ALTO PARK RD DETACHED 1,399,000 5 4.5 4359
2707 SOUTHSHORE BLVD DETACHED 1,449,000 3 3.5 3122
1131 NORTHSHORE RD DETACHED 1,485,000 5 3 3850
2793 POPLAR WAY DETACHED 1,699,000 5 5.5 6536
1075 CHANDLER RD DETACHED 1,975,000 5 4.5 5710
3012 LAKEVIEW BLVD DETACHED 4,988,000 5 4.5 5957

Pending Sales (Aug 03-Aug 09, 2015)

Address Type Price Bedroom Bathrooms DOM
203 OSWEGO SMT CONDO 169,900 2 2 357
4045 JEFFERSON PKWY CONDO 230,000 2 2.5 3
196 CERVANTES CONDO 239,900 2 1.5 12
48 EAGLE CREST DR 4D CONDO 245,000 2 2 4
4433 THUNDER VISTA LN CONDO 270,900 2 2.5 50
4433 KINGSGATE RD DETACHED 319,900 3 2 66
3497 DEVONSHIRE RD ATTACHED 329,900 3 2 6
19431 TUALAMERE AVE DETACHED 339,900 3 1.5 14
147 KINGSGATE RD DETACHED 349,900 2 2 6
4582 TRILLIUM WOODS ATTACHED 459,900 3 2.5 3
4840 DOGWOOD DR DETACHED 475,000 3 3 22
143 KINGSGATE RD DETACHED 475,000 3 2 8
13951 SHIREVA CT DETACHED 489,000 4 3 117
92 TANGLEWOOD DR DETACHED 529,950 4 2.5 23
18707 TUALATA AVE DETACHED 549,900 4 3 3
2701 LAKEVIEW BLVD DETACHED 589,000 4 2.5 9
1545 CLOVERLEAF RD DETACHED 610,000 4 3.5 37
891 G AVE DETACHED 625,000 4 2.5 2
18117 WESTMINSTER DR DETACHED 675,000 4 2.5 1
55 NORTHSHORE RD #11 CONDO 695,000 2 1.5 93
139 DEL PRADO ST DETACHED 699,000 3 2 94
13852 AMBERWOOD CIR DETACHED 749,900 4 2.5 17
5864 STEWART GLENN CT DETACHED 775,000 4 2.5 69
5321 CARMAN GROVE LN DETACHED 800,000 3 3 0
1944 PALISADES TERRACE DETACHED 919,000 4 2.5 35
400 D AVE DETACHED 1,239,000 5 3.5 22
462 9TH ST DETACHED 1,339,000 5 3.5 26
778 CABANA LN DETACHED 1,849,000 3 3 158

Sold/Closed  (Aug 03-Aug 09, 2015)

Address Type List Price Close Price Sqft DOM
226 RIDGEWAY RD CONDO 170,000 175,000 756 37
208 GREENRIDGE DR ATTACHED 337,500 318,000 1392 55
12828 BOONS FERRY RD ATTACHED 320,000 322,000 1136 15
14328 HOLLY SPRINGS RD DETACHED 439,000 428,900 1939 24
3508 RED CEDAR WAY DETACHED 429,900 436,003 1425 6
16946 LOWER MEADOWS DR DETACHED 450,000 440,000 1795 16
230 3RD ST DETACHED 450,000 461,500 1316 4
14480 CAMDEN LN DETACHED 475,000 469,000 1944 10
2891 DELLWOOD DR DETACHED 500,000 500,000 2928 4
27 BECKET ST DETACHED 575,000 539,000 2724 106
5045 GREENSBROUGH CT DETACHED 579,900 570,000 2107 9
760 TIMBERLINE DR DETACHED 624,500 605,000 3058 12
1562 CHANDLER RD DETACHED 779,000 779,000 2307 2
1790 SKYLAND DR DETACHED 900,000 900,000 6033 2
2024 PALISADES TERRACE DR DETACHED 975,000 975,000 4819 6
910 FAIRWAY RD DETACHED 1,069,000 1,023,500 3384 189
1956 CHERYL CT DETACHED 1,425,000 1,368,245 5334 129
17178 CEDAR RD DETACHED 1,495,000 1,525,000 4232 0
16511 MAPLE CIR DETACHED 1,695,000 1,618,500 3342 93
1199 FAIRWAY RD DETACHED 2,799,000 2,235,000 5527 328
16829 GREENBRIER RD DETACHED 2,495,000 217,500 3927 158

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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Tips & Tidbits

BankI find that lots of Buyers are a bit confused about Earnest Money and what its purpose is, how they might be at risk for losing it, etc. It is basically to compensate the Seller for taking their home off the market in the event you violate the terms of your Sale Agreement, but there are nuances to it in addition to that. Here are a few pieces of info & pointers in that regard:

A Few Notes About Earnest Money:

  • Earnest Money is a deposit you make at the time you make your Offer. This is to show that you are “earnest” or serious about your Offer, and to compensate the Seller for removing their property from the market  (while you perform your inspections & due diligence)  should you violate the terms of the Contract/Offer/Sale Agreement.
  • Talk to your Realtor about how much an Earnest Money Check should be….  It varies from situation to situation. The ultimate choice, however, is yours. A substantial amount of Earnest Money can demonstrate to the Seller that you are serious about the purchase, and shows a certain amount of stability, though this is not necessary or even advisable in all circumstances.
  • Earnest Money goes toward your closing costs & other transactional terms. It is held usually by Escrow as your neutral 3rd party and applied to the bottom line of your transaction, generally speaking. By virtue of its definition as Earnest Money, its NOT an additional fee.
  • There are several ways for a Buyer to cancel a sale and receive their Earnest Money back (during specified & agreed-upon timelines & specific acceptable reasons that are all outlined in the Offer itself). This action is not to be taken lightly, and/but, there are definitely provisions for it.
  • The Earnest Money check (a photocopy of it) accompanies the Approval Letter, a Cover Letter your Buyer’s Agent will create, and the Offer when your Realtor submits it to the Seller’s Agent (at least… that’s how  I  always do it).  In the event you are unable to physically hand your Realtor a check prior to when you want to get your Offer in to the Seller, you may have the option of using a Promissory Note redeemable/sent to Escrow in check form within a specified number of days following mutual acceptance of your Offer.  ***I advise my clients that a check is always preferable. A photocopy of it going along with your Offer makes a statement to the Seller that you are serious. This is especially true in a competitive situation. Again, though, each situation is different. Discuss YOUR best options with your Realtor.
  • Carefully study the Sale Agreement (Offer) wording to make sure you understand how and under what circumstances you are allowed to have your Earnest Money returned, and under what circumstances you are not. Basically, staying within outlined timelines and giving notice in writing within those timelines assures your Earnest Money is protected. It is important that, with your Realtor’s assistance and advice, you stay on top of timelines as outlined in the Sale Agreement. ***Bring ANY questions you may have to your Realtor’s attention.

I hope this information was helpful!

Very Best,

Linda

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Market Activity ~ July 20-26, 2015

Here you go!  Gotta run………….. Please call if you need help. Each of us, though very busy, always have time for our Property Blotter readers.

Last week in Lake Oswego we saw 27 New properties enter the market, 29 move to Pending status, and 17 “Closed”/Sold.

Following is the breakdown for you according to RMLS for last week:

NEW on Mkt (June 20 – July 26, 2015)

Address List Price # Beds # Baths Total SF Prop Type
48 EAGLE CREST DR #4E $209,900 2 2 1489 CONDO
196 CERVANTES $239,900 2 1.1 1241 CONDO
3910 CARMAN DR $239,900 2 2.1 1129 CONDO
4425 THUNDER VISTA LN $269,900 2 2.1 1518 CONDO
6155 MCEWAN RD $320,000 2 2 1294 DETACHD
15 GREENRIDGE CT #Main $324,900 3 2.1 1996 ATTACHD
19431 TUALAMERE AVE $339,900 3 1.1 1200 DETACHD
210 S STATE ST #9 $360,000 2 1.1 1516 CONDO
5402 CARMAN DR $400,000 3 1 1699 DETACHD
1528 CEDAR ST $445,622 3 2 2760 DETACHD
523 2ND ST #105 $489,000 2 2 1208 CONDO
2701 LAKEVIEW BLVD $589,000 4 2.1 3448 DETACHD
6150 KENNY ST $599,000 3 2.1 2070 DETACHD
5466 BAY CREEK DR $615,000 3 3 2535 DETACHD
607 ASH ST $659,000 4 3.1 2860 DETACHD
999 OXFORD DR $664,500 4 3 3191 DETACHD
159 5TH ST $849,000 4 3 2970 DETACHD
15550 QUARRY RD $850,000 4 3 2674 DETACHD
17980 KELOK RD $899,900 4 2.1 2969 DETACHD
475 8th ST $999,950 4 2.1 2699 DETACHD
3119 WEMBLEY PARK RD $1,125,000 4 3.1 3633 DETACHD
18012 EASTRIDGE LN $1,295,000 4 3.1 4526 DETACHD
2201 HAZEL RD $1,600,000 4 4.1 5446 DETACHD
1175 CHERRY CIR $2,349,000 6 4.1 6000 DETACHD
16852 ALDER CIR $2,395,000 4 3.1 2873 DETACHD
1193 FAIRWAY RD $3,188,000 5 4.2 7028 DETACHD
16842 ALDER CIR $4,750,000 5 3.2 5144 DETACHD

PENDING SALES (June 20 – July 26, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #35 $109,900 1 1 617 CONDO 41
47 EAGLE CREST DR#27 $129,000 2 1 947 CONDO 36
170 OSWEGO SMT #Grnd $145,000 2 2 1506 CONDO 105
5061 FOOTHILLS DR #E $221,000 2 2 991 CONDO 3
48 EAGLE CREST DR #Upper $250,000 3 2 1550 CONDO 169
6331 SHAKESPEARE ST $299,900 3 1.1 992 DETACHD 67
12844 BOONES FERRY RD #Grnd $309,900 2 2.1 1152 CONDO 19
4725 LAKEVIEW BLVD $349,900 3 2 1589 DETACHD 18
5132 TIMBERGROVE ST $380,000 3 2 1430 DETACHD 11
4545 DOGWOOD DR $519,000 3 2 2483 DETACHD 2
13611 BLAZER TRL $519,900 4 2.1 2549 DETACHD 3
15518 HERITAGE CT $525,000 4 3.1 2700 DETACHD 66
13010 SIERRA CT $545,000 4 2.1 3065 DETACHD 1
345 E AVE $575,000 3 2 1582 DETACHD 59
432 LIVINGOOD LN $575,000 4 3 2527 DETACHD 11
3752 TEMPEST DR $583,000 4 2.1 3017 DETACHD 3
19664 RIVER RUN DR $585,000 4 2.1 3051 DETACHD 84
17721 OVERLOOK CIR $599,900 4 2.1 3172 DETACHD 44
1270 HIDE A WAY CT $625,000 3 2.1 2312 DETACHD 4
7140 CHILDS RD $649,700 3 3 2600 DETACHD 9
877 CORNELL ST $659,000 3 3 3100 DETACHD 415
5148 WOODCREST LN $699,000 5 3 3110 DETACHD 3
1562 CHANDLER RD $779,000 3 3 2307 DETACHD 2
1330 PINE ST $799,900 4 3.1 3775 DETACHD 12
18383 OLD RIVER DR $895,000 4 4.1 4548 DETACHD 33
18245 RIVER EDGE CT $1,100,000 3 3 4830 DETACHD 18
17327 KELOK RD $1,150,000 3 3 2300 DETACHD 105
18418 OLD RIVER LNDG $1,799,000 4 3.2 6404 DETACHD 190
16829 GREENBRIER RD $2,395,000 5 3.1 3927 DETACHD 158

SOLD  (June 20 – July 26, 2015)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #42 $100,000 $95,000 2 1.1 822 CONDO 28
234 GREENRIDGE DR $329,900 $325,000 3 2 1492 ATTACHD 2
686 8TH ST $995,000 $375,000 4 3 3200 DETACHD 40
1428 GREENTREE CIR $425,000 $395,000 4 2.1 2236 DETACHD 120
1448 CEDAR ST $500,000 $420,000 4 3 2544 DETACHD 628
11 CHURCHILL DOWNS $430,500 $430,500 4 2.1 2336 DETACHD 81
4793 AUBURN LN $450,000 $435,000 3 2.1 2083 ATTACHD 20
1500 WOODLAND TER $486,000 $472,500 3 2.1 2499 DETACHD 42
2251 SUMMIT DR $599,000 $500,000 5 3 2676 DETACHD 118
71 TOUCHSTONE $509,900 $516,000 4 3 2211 DETACHD 3
674 LIVINGOOD LN $548,900 $548,900 4 2.1 2714 DETACHD 6
18420 DEER OAK AVE $629,900 $630,000 4 3 2476 DETACHD 1
6484 MCDUFF CT $749,000 $724,100 4 4 3120 DETACHD 18
5590 KODERRA AVE $828,800 $829,000 4 2.1 3289 DETACHD 10
50 BRIARWOOD RD $949,000 $880,000 6 6 6000 DETACHD 497
1578 VIEW LAKE CT $1,549,000 $1,449,000 4 4.1 4476 DETACHD 35
983 LAKE FRONT RD $1,595,000 $1,451,000 3 2.1 2199 DETACHD 76

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 July 13 – 19, 2015

Whew, What a long list of homes to go through. It’s now past the middle of summer and Lake Oswego continues to be a hot spot to live in! We have so much going on! In the week before last we saw 21 houses hit the market, 29 homes going pending, and 26 properties sold.
I have to admit that I have been keeping an eye out for the house on 4660 Upper Dr, because it is along my running route. I’m happy to see it’s debut, feel free to check it out!

Following is the breakdown for you according to RMLS for last week:

New on Market (July 13-19, 2015)

Address Type Price Bedrooms Bathrooms Sqft
3433 MCNARY PKWAY #704 CONDO 169,000 2 2 1008
12848 BOONS FERRY RD ATTACHED 329,000 2 2 1182
258 CERVANTES ATTACHED 385,000 3 2.5 2312
5725 WINDFIELD LOOP DETACHED 424,950 2 2 1615
26 SPINOSA DETACHED 425,000 3 2.5 2065
92 TANGLEWOOD DR DETACHED 529,950 4 2.5 3614
4660 UPPER DR DETACHED 549,000 4 3 3100
865 PALISADES TERRACE DR DETACHED 579,000 3 3 1860
14674 RAINBOW DR DETACHED 599,000 4 3 3100
4708 HASTINGS PL DETACHED 600,000 4 2.5 2215
4688 FIRWOOD RD DETACHED 625,000 5 2.5 2436
18086 JENIFERS WAY DETACHED 699,000 3 2.5 2582
13852 AMBERWOOD CIR DETACHED 775,000 4 2.5 3032
1330 PINE ST DETACHED 799,900 4 3.5 3775
5833 STEWARD GLENN CT DETACHED 835,000 4 2.5 3258
14360 UPLANDS DR DETACHED 849,000 4 3.5 2577
3151 ALBER SPRING CT DETACHED 979,900 5 3.5 3802
151 BERWICK RD DETACHED 1,165,000 4 3 4387
13132 THOMA RD DETACHED 1,995,000 5 3.5 6000
3796 LAKEVIEW BLVD DETACHED 2,395,000 3 2.5 4150

Pending Sales (July 13-19, 2015)

Address Type Price Bedroom Bathrooms DOM
45 EAGLE CREST DR #216 CONDO 112,900 1 1 3
44 OSWEGO SMT #44 CONDO 129,900 2 2 2
4 TOUCHSTONE #146 CONDO 137,500 2 2 48
534 S STATE ST CONDO 146,000 1 1 82
200 BURNHAM RD #300 CONDO 179,999 1 1 84
5225 JEAN RD #203 CONDO 219,950 3 2 16
3812 BOTTICELLI ST CONDO 239,000 3 2 47
105 KINGSGATE RD DETACHED 319,900 3 2 40
5748 WINDFIELD LOOP DETACHED 400,000 3 3 59
3508 RED CEDAR WAY DETACHED 429,900 4 2 6
1931 KILKENNY RD DETACHED 430,000 4 2.5 1
15601 TANAGER DR DETACHED 435,000 3 2.5 13
4023 TROUT WAY DETACHED 470,000 4 2.5 4
4840 DOGWOOD DR DETACHED 475,000 3 3 0
27 DA VINCI ST DETACHED 477,500 4 3 83
5150 SW DAWN ST DETACHED 499,000 4 2 0
31 WALKING WOODS DR DETACHED 500,000 4 3 3
732 CLARA CT DETACHED 599,900 4 3.5 24
1511 WOODLAND TER DETACHED 599,900 5 2.5 106
15960 PARKER RD DETACHED 720,000 3 2.5 9
14205 EDENBERRY DR DETACHED 775,000 3 2.5 29
14153 EDENBERRY DR DETACHED 775,000 4 2.5 28
328 KENWOOD RD DETACHED 1,095,000 4 4 2
18347 LOTHLORIEN WAY DETACHED 1,098,000 5 3.5 27
910 TERRACE DR DETACHED 1,145,000 4 2.5 139
17509 RIDGEVIEW LN DETACHED 1,169,000 4 3.5 1
17469 KELOK RD DETACHED 1,175,000 3 2.5 4
1115 LAKE FRONT RD DETACHED 1,898,000 4 4 6
19300 STAFFORD RD DETACHED 1,995,000 4 2.5 2

Sold/Closed (July 13-19, 2015)

Address Type List Price Close Price Sqft DOM
336 CERVANTES CIR CONDO 149,900 132,000 1112 198
47 EAGLE CREST DR #18 CONDO 136,950 135,950 932 5
4 CRESTFIELD CT #4 CONDO 145,000 140,500 923 14
3433 MCNARY PKWY #701 CONDO 199,900 200,000 1136 6
22 GREENRIDGE CT ATTACHED 308,000 309,000 1596 2
17270 BRYANT RD DETACHED 399,000 399,000 2619 49
14383 HOLLY SPRINGS RD DETACHED 450,000 419,250 2238 82
5051 TUALATA LN DETACHED 410,000 423,000 1581 7
14594 WILMOT WAY DETACHED 448,000 426,500 1710 10
12519 SW 27TH PL DETACHED 440,000 435,000 1964 0
17000 CANYON DR DETACHED 439,900 445,000 2129 11
16915 CRESTVIEW DR DETACHED 469,000 450,000 2180 8
19226 CHILDS CT DETACHED 499,000 550,000 2552 3
1982 PARK FOREST AVE DETACHED 585,000 590,000 2765 24
555 COUNTRY CLUB RD DETACHED 639,900 619,950 2133 328
4040 VIRGINIA WAY DETACHED 649,000 655,000 2623 2
4141 BIRDBILL CT DETACHED 675,000 671,500 2912 8
38 DA VINCI ST DETACHED 699,000 675,000 2932 4
5441 BAY CREEK DR DETACHED 725,000 725,000 3117 15
5707 YORKSHIRE CT DETACHED 780,000 780,000 3400 0
851 9TH ST DETACHED 999,900 987,500 2699 6
1539 LAKE FRONT RD DETACHED 1,399,900 1,150,000 3385 293
1411 LAKE FRONT RD DETACHED 1,395,000 1,300,000 3349 50
16707 GRAEF CIR DETACHED 2,100,000 2,189,634 3841 4
1780 RIDGECREST DR DETACHED 3,750,000 3,550,000 6000 35

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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Tips & Tidbits

  • Documentation and timelines will be changing soon around your Lending and Closing Disclosures.  Make sure to discuss with your Realtor and your Lender as these changes can affect your ability to meet your contractual Closing date if not monitored properly. Specifically, there are a certain number of days mandated for your review of them prior to being able to Close, so find out your Lender’s plan for timing in getting them to you. Also, Escrow’s documents for your revew will depend on when they receive information from your Lender. Expected current timeline for implementation has now been moved to Oct 1st.
  • Speaking of meeting the Closing date and plotting timelines carefully, also remember to factor in the potential need for sign-off by an Appraiser if there were repairs that require that (either because of FHA or other loan requirements), or because an Appraiser calls something out that will necessitate it…such as the common issue of a Carbon Monoxide Detector not being in the home at the time of the Appraisal (…really  a Good idea to make sure there is one in the home before the Appraisal : )
  • Buyers- Make sure to discuss your Offer pricing with your Realtor in the context of current market value research before making your Offer.  In this competitive market, reports are varying widely that Appraisals are coming in just fine in some instances, and/but low in others. Per the Oregon Residential Real Estate Sale Agreement generally used, you are not obligated to pay over Appraised Value, and a bank will not lend over that value either. So… this becomes an uncomfortable negotiating point toward the end of a transaction should you really Love the house and the Seller won’t budge on price. Sometimes people are able to meet somewhere in the middle on price, but if you decide you want to proceed with some kind of arrangement in this realm of options, any monies over the Appraised Value will need to come out of your pocket. Take a close look at the best info available on values in that neighborhood in the recent past at the outset so that you don’t go too far afield in your eagerness to compete.
  • The same is true for Sellers. Make sure you take into account, when you price your home for sale with your Realtor, that your property will need to appraise “at value” in order to close at the agreed-upon price… without headaches, drama and potential “sale fail”.

 

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Market Activity ~ June 29 – July 5, 2015

Basic CMYKIt’s hot, and real estate activity shows no sign of cooling anytime soon!

Last week in Lake Oswego we saw 13 New properties enter the market, 26 move to Pending status, and 32 “Closed”/Sold.

Following is the breakdown for you according to RMLS for last week:

NEW on Mkt (June 29 – July 5, 2015)

Address List Price # Beds # Baths Total SF Prop Type
44 EAGLE CREST DR #29 $139,900 1 1 798 CONDO
5225 JEAN RD #203 $219,950 3 2 1400 CONDO
27 AQUINAS ST $380,000 3 2.1 1568 DETACHD
15601 TANAGER DR $435,000 3 2.1 2046 DETACHD
16935 LAKERIDGE DR $637,500 5 3 3048 DETACHD
1545 CLOVERLEAF RD $640,000 4 3.1 2723 DETACHD
2 CREEKSIDE TER $649,990 5 2.1 2906 DETACHD
17901 MEADOWLARK LN $729,000 4 3 4044 DETACHD
14009 CHELSEA DR $765,000 4 2.1 3060 DETACHD
14102 Goodall RD $950,000 3 2.1 3000 DETACHD
1944 PALISADES TERRACE DR $954,000 4 2.1 4256 DETACHD
14050 GOODALL RD $2,150,000 5 4.2 6714 DETACHD
2912 WEMBLEY PARK RD 1200000 – 1400000 4 4.1 4500 DETACHD

PENDING SALES (June 29 – July 5, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #2 $139,000 2 2 820 CONDO 8
200 BURNHAM RD #103 $199,000 1 1 873 CONDO 2
25 ORIOLE LN $299,900 3 2 1460 DETACHD 18
12828 BOONES FERRY RD $320,000 2 2.1 1136 ATTACHD 15
1790 CONIFER DR $325,000 2 1 1003 DETACHD 33
208 GREENRIDGE DR $329,000 3 2 1392 ATTACHD 55
15112 QUARRY RD $329,900 3 2 1968 DETACHD 35
5392 TREE ST $373,900 3 1.1 1232 DETACHD 7
5051 TUALATA LN $410,000 4 2 1581 DETACHD 7
2705 ORCHARD HILL PL $435,000 3 2.1 2250 DETACHD 6
17000 CANYON DR $439,900 3 2 2129 DETACHD 11
6276 FROST LN $449,000 4 3.1 2304 DETACHD 71
14480 CAMDEN LN $475,000 3 2.1 1944 DETACHD 10
2891 DELLWOOD DR $500,000 3 3.1 2928 DETACHD 4
71 TOUCHSTONE $509,900 4 3 2211 DETACHD 3
5554 ROYAL OAKS DR $525,000 3 2 1861 DETACHD 77
4979 GALEN ST $555,000 4 2.1 3298 DETACHD 74
16750 PHANTOM BLUFF CT $614,500 3 3 2267 DETACHD 19
17 EL GRECO ST $644,000 5 2.1 2778 DETACHD 4
38 DA VINCI ST $699,000 4 2.1 2932 DETACHD 4
5364 LANGFORD LN $799,000 3 2.1 3022 DETACHD 27
18977 BARTON RD $875,000 4 3.2 5076 DETACHD 106
4540 LAMONT WAY $949,900 4 2.1 3555 DETACHD 6
595 D AVE $1,075,000 3 3 3760 DETACHD 1
401 9TH ST $1,299,900 4 3.1 4288 DETACHD 138
17096 CHAPIN WAY $1,495,000 4 5 4395 DETACHD 128

SOLD  (June 29 – July 5, 2015)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #107 $158,000 $158,000 3 2.1 1351 CONDO 26
5051 SW FOOTHILLS DR #31 $209,000 $221,000 2 2 991 CONDO 3
4459 THUNDER VISTA LN $255,000 $260,000 2 2.1 1925 CONDO 32
115 TOUCHSTONE TER $329,900 $334,900 4 2.2 2848 ATTACHD 24
16444 BONAIRE AVE $349,900 $349,900 3 2 1392 DETACHD 14
6461 SW EDGEWOOD ST $399,900 $370,000 4 2.1 1950 DETACHD 72
1647 DEVON LN $399,900 $380,000 4 2.1 2494 DETACHD 13
820 BOCA RATAN DR $399,000 $386,100 4 3 2220 DETACHD 4
3919 SOUTHSHORE BLVD $424,900 $425,000 3 4 2398 DETACHD 3
15365 TWIN FIR RD $468,500 $435,000 3 1 1201 DETACHD 198
4730 FIRWOOD RD $425,000 $438,700 4 2 2124 DETACHD 6
2705 ORCHARD HILL LN $489,000 $489,000 4 2.1 2841 DETACHD 24
15941 INVERURIE RD $495,000 $495,000 4 2 2611 DETACHD 14
17902 MEADOWLARK LN $519,900 $500,000 3 2.1 1950 DETACHD 38
17101 CHAPIN WAY $519,000 $500,000 3 2 1949 DETACHD 74
17820 WESTVIEW DR $524,900 $520,000 3 2.1 2407 DETACHD 25
4798 AUBURN LN $529,000 $529,000 3 3.1 2700 ATTACHD 5
2043 RIDGEWOOD RD $579,900 $585,000 5 3 3016 DETACHD 2
3099 ROSEMARY LN $599,000 $599,000 4 4 4486 DETACHD 9
2699 TOLKIEN LN $670,000 $640,000 4 2.1 3115 DETACHD 32
5312 CHILDS RD $735,000 $735,000 3 3 2507 DETACHD 0
1336 GLENMORRIE DR $709,900 $770,000 3 3.1 3150 DETACHD 3
17572 SHEPHERDS CT $779,900 $775,000 4 3 2983 DETACHD 36
4405 SUNDEW CT $789,000 $789,000 5 3.1 4820 DETACHD 11
4974 CASCARA LN $799,000 $799,000 4 2.1 3351 DETACHD 2
5987 SUNCREEK DR $775,000 $800,000 4 2.1 2932 DETACHD 33
1917 PALISADES LAKE CT $995,000 $894,000 4 2.1 3852 DETACHD 343
1120 HOODVIEW LN $919,900 $925,000 4 3 3454 DETACHD 4
4579 UPPER DR $1,198,000 $1,150,000 4 3.1 3720 DETACHD 20
4350 LORDS LN $1,199,000 $1,175,000 5 4 3888 DETACHD 5
16902 CHAPIN WAY $1,299,000 $1,275,000 5 4 3696 DETACHD 84
3140 DOUGLAS CIR $1,395,000 $1,300,000 4 3.1 4333 DETACHD 54

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 June 22nd – 28th

Summer has been pretty busy here in the LO area during the 22nd and the 28th. We have 20 new houses entering the market, 29 houses entering into escrow, and 16 homes that have just sold! Whew!

One of the houses that I am tickled to see enter into escrow is the old church converted into a home on 796 1st st. What a cool experience that house was to visit, while it was on the market. How lucky those owners are to own such a unique home! Congrats to the sellers and the buyers!

See below of further explanation of the RMLS data.

New on the Market (June 22-28, 2015)

Address Type Price Bedrooms Bathrooms Sqft
100 KERR PKWY #2 CONDO 139,000 2 2 820
668 MCVEY AVE #44 CONDO 199,000 1 1 636
668 MCVEY AVE #85 CONDO 210,000 2 1.5 976
5392 TREE ST DETACHED 373,900 3 1.5 1232
2705 ORCHARD HILL PL DETACHED 435,000 3 2.5 2250
17422 BLUE HERON RD DETACHED 439,900 3 2 1954
5895 BURMA RD DETACHED 459,900 4 2.5 1781
14480 CAMDEN LN DETACHED 475,000 3 2.5 1944
2222 CREST DR DETACHED 639,000 4 3.5 2820
17 EL GRECO ST DETACHED 644,000 5 2.5 2778
156 DEL PRADO ST DETACHED 699,000 4 4 4862
4190 CHAD DR DETACHED 845,000 4 3.5 3913
13447 STREAMSIDE CT DETACHED 899,000 5 2.5 3609
815 OAK ST DETACHED 945,000 4 3.5 3709
4540 LAMONT WAY DETACHED 949,900 4 2.5 3555
14100 GOODALL RD DETACHED 950,000 3 2.5 3080
201 RIDGEWAY RD DETACHED 1,049,000 4 3.5 3624
3967 CANAL RD DETACHED 1,199,800 4 3.5 3875
3070 WEMBLEY PARK RD DETACHED 1,459,000 4 3.5 4032
4431 WEST BAY RD DETACHED 1,595,000 4 3 3098

Pending Sales (June 22-28, 2015)

Address Type Price Bedroom Bathrooms DOM
750 1ST ST #32 CONDO 134,990 1 1 64
4 OSWEGO SMT CONDO 144,900 2 2 5
226 RIDGEWAY RD CONDO 172,500 1 1 37
3652 SPRING LN CONDO 175,000 2 2 3
4334 BOTTICELLI ST CONDO 225,000 2 2.2 43
22 GREENRIDGE CT ATTACHED 308,000 3 2 2
1988 BONNIEBRAE DR ATTACHED 308,000 3 2 0
105 KINGSGATE RD DETACHED 319,900 3 2 21
7 SAINT HELLENS CIR DETACHED 335,000 2 2 3
5467 KENNY ST DETACHED 345,000 3 1 0
1428 GREENTREE CIR DETACHED 399,950 4 2.5 120
674 YORK RD DETACHED 435,000 4 3 3
1463 GREENTREE CIR DETACHED 489,900 4 2.5 3
674 LIVINGOOD LN DETACHED 548,900 4 2.5 6
1458 GREENTREE CIR DETACHED 549,000 4 2.5 22
16460 LEXINGTON CT DETACHED 574,000 3 2.5 8
4040 VIRGINIA WAY DETACHED 649,000 4 2.5 2
4719 LAKEVIEW BLVD DETACHED 665,000 4 2.5 24
1503 EASTVIEW CT DETACHED 689,000 3 3.5 7
3723 RIVERS EDGE DR DETACHED 750,000 4 2.5 2
2221 OVERLOOK DR DETACHED 750,000 4 2.5 31
14153 EDENBERRY DR DETACHED 775,000 4 2.5 6
5650 BAY CREEK DR DETACHED 799,900 4 2.5 53
796 1ST ST DETACHED 885,000 3 2.5 355
827 8TH ST DETACHED 999,990 5 3.5 3
17537 CARDINAL DR DETACHED 1,399,000 4 4.5 65
1956 CHERYL CT DETACHED 1,399,000 4 4.5 128
1947 SUMMIT DR DETACHED 1,499,000 5 5.5 104
2025 CEDAR CT DETACHED 2,200,000 3 4 9

Sold/Closed (June 22-28, 2015)

Address Type List Price Close Price Sqft DOM
89 GALEN ST #89 CONDO 185,000 76,000 575 88
16 CRESTFIELD CT CONDO 95,500 92,500 550 36
45 EAGLE CREST DR #214 CONDO 179,000 170,000 1046 12
15495 BRIANNE CT ATTACHED 280,000 280,000 1292 39
36 WHEATHERSTONE CONDO 300,000 290,000 1692 6
13080 THOMA RD DETACHED 1,095,000 279,900 3400 632
5340 CHINOOK CT DETACHED 374,500 3,800,000 1801 5
10 ORIOLE LN DETACHED 399,900 410,000 1536 4
1427 ASPEN ST DETACHED 495,000 488,150 2298 2
147 DEL PRADO ST DETACHED 549,000 511,000 2790 31
17833 HILLSIDE WAY DETACHED 575,000 567,000 2668 32
4736 AMHERST CT ATTACHED 575,000 575,000 2812 4
13456 PROVINCIAL HILL WAY DETACHED 729,000 715,000 2771 20
15761 SPRINGBROOK CT DETACHED 728,000 733,000 3007 2
17065 TUALATIN ST DETACHED 739,000 739,900 2733 9
14053 AMBERWOOD CIR DETACHED 782,500 784,500 3126 5

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

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News & Notes ~ May Numbers

Here are the most recent real estate numbers for Portland and the Lake Oswego/West Linn areas (RMLS lumps them together).

Enjoy!  I hope you find this helpful.

According to the RMLS Market Action Report for the Portland Metro Area, May, 2015:

  • There were 4,161 New Listings in May which was up 5.4% from the previous month/April, but down 0.7% from May of 2014.
  • At 2,942 May Closed Sales increased 7.6% over April, and were up  18.5% from May of 2014.
  • May Pending Sales (accepted offers), at 3,546, was down a bit from the previous month by 1.9%, and was 18.6% better than May of 2014.
  •  The Average Sale Price in May of $359,100 was up $11,600. from April’s Average of $347,500, and up $23,800 from May of 2014’s $335,300. 

The combined areas of Lake Oswego and West Linn  for the month of May 2015 reported:

    •  414 Active Listings  (364 in April)
    •  276 New Listings    (237 in April)
    •  191 Pending Sales    (200 in March)
    •  155 Closed Sales   (161 in March)
    • Average Sale Price for May of $533,300.  ($506,300. in April)
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can scew 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: 78 Days  (73in April)