Market Activity ~ June 8-14, 2015

I’m noticing a lot of the homes that have been on the market awhile are moving now. You’ll notice CDOM (Cumulative Days on Market) numbers below in Pendings and Solds such as 628, 343, 497, 243, 328, 247, 541, 582…  In 100% of these cases, the price has dropped, and significantly. In our outline below, in the “Solds”, for instance, the “Opening Price” is the price at which the latest iteration of the Listing opened. One of these shows an increase, whereas the actual price drop from where the listing originally started was $279,000.  Anyway, the takeaway here is to aim to price your home right at the start as close as possible to what the market shows it will bear… even if its tempting to go higher. You’ll be better off in the long run… and the process will be much shorter : )   ***This is in no way a criticism of the individual homes below or the people involved… (there are always individual circunstances not reflected here) but rather, just an observation & some thoughts based on the historical data as presented by RMLS, and my thoughts on general best practice.

Another thing I thought to be interesting is the number of what I call “Refreshed” Listings.  I regularly go through the “New” Properties and weed out those that have been refreshed/given a new Listing Number (we Realtors often do this to help boost the marketing for a home a little bit), or that have been off the market less than 30 days. This helps me feel confident that our Property Blotter readers are really getting the scoop on actual “New” properties entering the market.  Out of the 24 Properties listed as “New” this week, a full 9 of those were “Refreshed” Listings (thus, the only 15 listed for you below as really New).      Here is some interesting info I put together from a week’s data snapshot as I was looking to see if there are any trends for the Properties that end up being Refreshed:

Prev. DOM Asking Price Drop from Original
128
88 $40,000
192 $74,000
36 $73,000
109 $29,950
84 $20,400
662 $71,000
108 $5,000
22

Last week in Lake Oswego we saw 15 New properties enter the market, 25 move to Pending status, and 23 “Closed”/Sold.

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

NEW on Mkt (June 8-14, 2015)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY #42 $100,000 2 1.1 822 CONDO
100 KERR PKWY #35 $109,900 1 1 617 CONDO
4433 THUNDER VISTA LN $274,900 2 2.1 1980 CONDO
4965 SUNTREE LN $399,900 3 2.1 1572 DETACHD
16946 LOWER MEADOWS DR $450,000 3 2.1 1795 DETACHD
1559 WORTHINGTON ST $459,900 4 2 2016 DETACHD
5045 GREENSBOROUGH CT $579,900 4 2.1 2107 DETACHD
17721 OVERLOOK CIR $599,900 4 2.1 3172 DETACHD
16750 PHANTOM BLUFF CT $614,500 3 3 2267 DETACHD
18034 WESTVIEW DR $725,000 4 2.1 3562 DETACHD
3232 WEMBLEY PARK RD $749,900 4 3.1 2805 DETACHD
251 D AVE $849,000 4 2.2 2635 DETACHD
2024 PALISADES TERRACE DR $975,000 4 3.1 4819 DETACHD
990 TERRACE DR $1,075,000 4 2.1 3740 DETACHD
706 5TH ST $1,099,900 4 2.1 2730 DETACHD

PENDING SALES (June 8-14, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4626 LOWER DR #Main $132,000 2 1.1 1260 CONDO 22
47 EAGLE CREST DR #18 $136,950 2 1 932 CONDO 5
208 OSWEGO SMT #Upper $169,900 2 2 1383 CONDO 4
1790 CONIFER DR $325,000 2 1 1003 DETACHD 15
5547 WASHINGTON CT $349,900 4 2 1300 DETACHD 24
6461 SW EDGEWOOD ST $384,900 4 2.1 1950 DETACHD 72
6352 SW DAWN ST $389,000 3 2 1684 DETACHD 3
14383 HOLLY SPRINGS RD $437,990 5 3 2238 DETACHD 82
1448 CEDAR ST $440,000 4 3 2544 DETACHD 628
18581 WAXWING WAY $469,000 4 2.1 2076 DETACHD 24
15941 INVERURIE RD $495,000 4 2 2611 DETACHD 14
17902 MEADOWLARK LN $514,900 3 2.1 1950 DETACHD 38
27 BECKET ST $549,000 3 2 2724 DETACHD 106
2251 SUMMIT DR $599,000 5 3 2676 DETACHD 118
760 TIMBERLINE DR $599,900 4 3 3058 DETACHD 12
4141 BIRDBILL CT $675,000 5 2.1 2912 DETACHD 8
1770 HEADLEE LN $699,000 2 3 2434 DETACHD 112
5728 BAY CREEK DR $799,000 5 2.1 3504 DETACHD 5
5590 KODERRA AVE $828,800 4 2.1 3289 DETACHD 10
1917 PALISADES LAKE CT $899,000 4 2.1 3852 DETACHD 343
50 BRIARWOOD RD $949,000 6 6 6000 DETACHD 497
4579 UPPER DR $1,198,000 4 3.1 3720 DETACHD 20
1539 LAKE FRONT RD $1,200,000 4 3.1 3385 DETACHD 243
1135 LAKE FRONT RD $2,150,000 4 4 4245 DETACHD 113
1199 FAIRWAY RD $2,799,000 4 4.2 5527 DETACHD 328

SOLD  (June 8-14, 2015)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
47 Eagle Crest DR #43 $124,900.0 $115,000.0 2 1 932 CONDO 25
4630 LOWER DR #Lower $137,000.0 $131,500.0 2 1.1 1260 CONDO 5
4000 CARMAN DR #G101 $149,900.0 $152,000.0 2 2 869 CONDO 12
4 TOUCHSTONE #78 $160,000.0 $166,000.0 3 2.1 1351 CONDO 151
5860 LAKEVIEW BLVD $289,900.0 $289,900.0 2 1.1 1435 DETACHD 14
6288 SEVILLE AVE $295,000.0 $302,500.0 3 2 1470 DETACHD 3
1422 ASH ST $337,500.0 $340,000.0 4 3 2583 DETACHD 137
13985 SUNDELEAF DR $359,990.0 $352,000.0 3 2 1278 DETACHD 23
4283 WOODSIDE CIR $359,900.0 $359,900.0 4 2 2032 ATTACHD 10
3101 WEMBLEY PARK RD $319,000.0 $375,000.0 2 1 858 DETACHD 3
17390 CARDINAL DR $425,000.0 $425,000.0 3 2 1585 DETACHD 2
19 MONTICELLO DR $479,900.0 $450,500.0 6 3 3678 DETACHD 27
18530 BRYANT RD $514,995.0 $521,125.0 3 2.1 2400 DETACHD 14
14309 MEADOW GRASS ST $599,999.0 $610,000.0 4 2.1 2620 DETACHD 1
221 6TH ST $625,000.0 $619,250.0 3 2 1508 DETACHD 14
15 NANSEN SMT $685,000.0 $647,100.0 3 2.1 3098 DETACHD 17
1210 WELLS ST $719,000.0 $656,000.0 6 3.1 4464 DETACHD 247
3180 WESTVIEW CT $875,000.0 $840,000.0 5 3.1 4216 DETACHD 14
15195 LILY BAY CT $898,000.0 $850,000.0 4 2.1 4099 DETACHD 66
17970 ROYCE WAY $1,125,000.0 $1,000,000.0 5 4.1 5355 DETACHD 34
1850 ATHERTON DR $1,179,000.0 $1,125,000.0 3 2.1 4825 DETACHD 581
2410 SUMMIT CT $1,595,000.0 $1,550,000.0 3 3.1 3750 DETACHD 0
1495 OAK TER $1,995,000.0 $2,000,000.0 4 4 3983 DETACHD 542

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.

Market Activity Report June 1st – 7th 2015

This is coming a bit late, this is a large report! Lake Oswego is doing superb! 18 new houses on the market, 38 pending sales (good luck you guys! You got this!), and 15 sales.

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

New on the Market (May 25-31, 2015)

Address Type Price Bedrooms Bathrooms Sqft
44 EAGLE CREST DR #10 CONDO 93,900 1 1 789
47 EAGLE CREST DR #20 CONDO 126,950 2 1 1009
200 BURNHAM RD #102 CONDO 229,900 1 1 820
750 1ST ST #14 CONDO 250,000 2 2 1350
200 BURNHAM RD #406 CONDO 265,000 2 1 1199
4851 MADRONA ST DETACHED 299,900 3 2 1434
14594 WILMOT WAY DETACHED 448,000 3 2.5 1710
17359 ASHLEY CT DETACHED 475,000 4 2.5 2370
1458 GREENTREE CIR DETACHED 549,000 4 2.5 2156
24 PARTRIDGE LN DETACHED 584,000 4 2.5 3238
149 MIDDLECREST RD DETACHED 729,000 2 2 2302
3270 FIR RIDGE RD DETACHED 750,000 4 3 3349
4719 LAKEVIEW BLVD DETACHED 765,000 4 2.5 2923
5364 LANGFORD LN DETACHED 825,000 3 2.5 3022
811 NORTHSHORE RD DETACHED 1,465,000 4 4 4945
1098 CHANDLER RD DETACHED 2,145,000 4 3.5 3471
13590 GOODALL RD DETACHED 3,000,000 4 3.5 5656
1901 PALISADES TERRACE DR DETACHED 3,945,000 5 4.5 7284

Pending Sales (May 25-31, 2015)

Address Type Price Bedroom Bathrooms DOM
89 GALEN ST #89 CONDO 82,000 1 1 88
4 TOUCHSTONE #146 CONDO 137,500 2 2 4
3814 BOTTICELLI ST ATTACHED 189,900 2 2 21
4459 THUNDER VISTA LN CONDO 255,000 2 2.5 32
16200 PACIFIC HWY #24 CONDO 269,000 2 2 141
17780 HILL WAY DETACHED 275,000 2 1 4
36 WHEATHERSTONE CONDO 300,000 3 2.5 6
105 KINGSGATE RD CONDO 319,900 3 2 0
1023 HALLINAN ST DETACHED 329,900 3 1.5 58
1 PEACOCK PL DETACHED 348,500 3 2.5 13
16444 BONAIRE AVE DETACHED 349,900 3 2 14
17270 BRYANT RD DETACHED 399,000 3 3 49
820 BOCA RATAN DR DETACHED 399,000 4 3 4
1647 DEVON LN DETACHED 399,900 4 2.5 13
12519 SW 27TH PL DETACHED 440,000 3 2.5 0
5431 WILLOW CT ATTACHED 475,000 3 2.5 8
1426 GREENTREE CIR DETACHED 539,900 4 3 1043
2043 RIDGEWOOD RD DETACHED 579,900 5 3 3016
18910 TERRY AVE DETACHED 585,000 4 3.5 121
17348 HUNTER CT DETACHED 609,900 3 2.5 4
17336 HUNTER CT DETACHED 609,900 3 2.5 28
555 COUNTRY CLUB RD DETACHED 625,000 3 3 328
16920 GREENTREE AVE DETACHED 625,000 4 2.5 31
2084 RIDGEWOOD RD DETACHED 679,000 3 2.5 109
729 SOUTHVIEW RD DETACHED 695,000 3 2 105
5441 BAY CREEK DR DETACHED 725,000 4 2.5 15
3 MOUNTAIN VIEW LN DETACHED 750,000 5 3.5 127
4055 ORCHARD DR DETACHED 775,000 5 3.5 44
4974 CASCARA LN DETACHED 799,000 4 2.5 2
2348 SUMMIT DR DETACHED 859,000 4 3 4
910 FAIRWAY RD DETACHED 1,069,000 4 3.5 189
610 9TH ST DETACHED 1,200,000 4 3.5 5
16902 CHAPIN WAY DETACHED 1,299,000 5 4 84
18024 ESTRIDGE LN DETACHED 1,398,801 4 3.5 186
19300 STAFFORD RD DETACHED 1,995,000 4 2.5 75

Sold/Closed (May 25-31, 2015)

Address Type List Price Close Price Sqft DOM
54 GALEN ST CONDO 135,900 121,500 995 42
48 EAGLE CREST DR 3D CONDO 248,000 233,000 1434 20
5062 FOOTHILLS DR H CONDO 250,000 249,000 1252 5
2031 BONNIEBRAE DR ATTACHED 319,900 319,900 1611 6
16953 GREENTREE AVE DETACHED 420,000 482,000 1941 4
1033 SPRUCE ST DETACHED 495,000 506,075 1562 28
5210 COVENTRY CT DETACHED 510,000 515,000 2135 2
13431 VERMEER DR DETACHED 499,000 518,000 2700 9
5600 DOGWOOD DR DETACHED 525,000 525,000 1908 5
1119 OAK ST DETACHED 529,900 529,900 2123 99
4011 COHO LN DETACHED 585,000 585,000 2776 0
12615 SW 21ST CT DETACHED 739,000 727,000 4594 36
4123 CHAD DR DETACHED 854,950 782,000 3833 186
14536 PFEIFER DR DETACHED 1,200,000 1,100,000 3781 131
290 IRON MOUNTAIN BLVD DETACHED 2,095,000 2,060,000 4733 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.

News & Notes ~ April Numbers 2015

74497___gustavorezende___Kids_6_03

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

Enjoy!   (If you like this kind of thing…. we do : )

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

  • There were 3,949 New Listings in April which was up 9.8% from the previous month/March, and up 8.8% from April of 2014.
  • At 2,734 April Closed Sales increased 11.3% over March and were up  27.6% from April of 2014.
  • April Pending Sales (accepted offers), at 3,613, was the strongest April since 2005. Up… 6.8%  from March AND 27.9% better than April of 2014.
  •  The Average Sale Price in April of $347,500 was up $10,300. from March’s Average of $337,200, and $14,900 from April of 2014’s $332,600. 

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

    •  364 Active Listings  (373 in March)
    •  237 New Listings    (209 in March)
    •  200 Pending Sales    (174 in March)
    •  161 Closed Sales   (130 in March)
    • Average Sale Price for April of $506,300.  ($475,900. in March)
      • 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: 73 Days  (104 in March)

Market Activity ~ May 18-24, 2015

Movin’ right along…………

Last week in Lake Oswego we saw 19 New properties enter the market, 36 move to Pending status, and 20 “Closed”/Sold.

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

NEW on Mkt (May 18-24, 2015)

Address List Price # Beds # Baths Total SF Prop Type
6331 SHAKESPEARE ST $314,900 3 1.1 992 DETACHD
1 PEACOCK PL $348,500 3 2.1 1248 DETACHD
16444 BONAIRE AVE $349,900 3 2 1392 DETACHD
5547 WASHINGTON CT $349,900 4 2 1300 DETACHD
6105 SW SHAKESPEARE ST $399,900 4 2 1550 DETACHD
5748 WINDFIELD LOOP $415,000 3 3 1693 DETACHD
15518 HERITAGE CT $565,000 4 3.1 2700 DETACHD
4220 ALBERT CIR $585,000 3 3 2406 DETACHD
820 LAKE FOREST DR $599,950 4 2.1 2676 DETACHD
345 E AVE $600,000 3 2 1582 DETACHD
17200 CANAL CIR $685,000 2 1.1 1774 DETACHD
5441 BAY CREEK DR $725,000 4 2.1 3117 DETACHD
5349 CARMAN DR $745,000 3 2.1 2633 DETACHD
2395 PALISADES CREST DR $749,000 4 3 3397 DETACHD
104 GARIBALDI ST $799,000 3 2.1 3074 DETACHD
4800 UPPER DR $1,195,000 5 5 5074 DETACHD
4579 UPPER DR $1,198,000 4 3.1 3700 DETACHD
13599 KNAUS RD $1,888,000 5 7 6874 DETACHD
1814 Highlands LOOP $2,295,000 4 4.1 5579 DETACHD

PENDING SALES (May 18-24, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4630 LOWER DR #Lower $137,000 2 1.1 1260 CONDO 5
336 CERVANTES CIR $139,500 2 1.1 1112 CONDO 198
272 CERVANTES #Lower $159,000 3 2 1209 CONDO 6
48 EAGLE CREST DR #2C $164,900 3 2 1623 CONDO 199
3433 MCNARY PKWY #701 $199,900 2 2.1 1136 CONDO 6
16250 PACIFIC HWY #56 $229,900 2 2 1305 CONDO 439
15495 BRIANNE CT $280,000 2 2.1 1292 ATTACHD 39
208 GREENRIDGE DR $337,500 3 2 1392 ATTACHD 10
21 ORIOLE LN $375,000 2 2 1473 DETACHD 7
1428 GREENTREE CIR $399,950 4 2.1 2236 DETACHD 84
10 ORIOLE LN $410,000 3 2 1536 DETACHD 4
4730 FIRWOOD RD $425,000 4 2 2124 DETACHD 6
304 6TH ST $450,000 1 1 941 DETACHD 21
2705 ORCHARD HILL LN $489,000 4 2.1 2841 DETACHD 24
1427 ASPEN ST $495,000 4 2 2298 DETACHD 2
19226 CHILDS CT $499,000 5 2.5 2552 DETACHD 3
5695 WASHINGTON CT $499,000 4 2 1769 DETACHD 33
14145 REDWOOD CT $539,000 4 3 2452 DETACHD 64
1681 WOODLAND TER $585,000 3 2.1 2304 DETACHD 26
3099 ROSEMARY LN $599,000 4 4 4486 DETACHD 9
4263 SUNSET DR $625,000 3 2.1 3250 DETACHD 27
2699 TOLKIEN LN $670,000 4 2.1 3115 DETACHD 32
5605 SOUTHWOOD DR $689,900 4 2.1 2984 DETACHD 2
1336 GLENMORRIE DR $709,900 3 3.1 3150 DETACHD 3
15761 SPRINGBROOK CT $728,000 4 3 3007 DETACHD 2
13456 PROVINCIAL HILL WAY $729,000 3 2.1 2771 DETACHD 20
5626 GRAND OAKS DR $749,000 3 3.1 3387 DETACHD 21
5987 SUNCREEK DR $775,000 4 2.1 2932 DETACHD 33
16987 Alder CIR $799,000 3 2.1 1989 DETACHD 34
22 HOTSPUR ST $829,000 5 3.1 4002 DETACHD 7
1120 HOODVIEW LN $919,900 4 3 3454 DETACHD 4
2250 SOUTHSHORE BLVD $975,000 4 4.1 4373 DETACHD 1
2609 GLEN HAVEN RD $1,060,000 4 4 3793 DETACHD 66
1411 LAKE FRONT RD $1,395,000 3 4 3349 DETACHD 50
17735 KELOK RD $1,499,000 4 3 4021 DETACHD 163
1836 Highlands LOOP $1,800,000 4 5.1 5400 DETACHD

SOLD  (May 18-24, 2015)

Address Open Price Closed Price # Beds # Baths Total SF Prop Type CDOM
1400 BONNIEBRAE DR $185,000 $175,000 2 1 864 ATTACHD 4
4107 JEFFERSON PKWY $237,500 $245,000 2 2.1 1367 CONDO 7
62 GREENRIDGE CT #Grnd $260,000 $260,000 3 2 1596 CONDO 147
200 BURNHAM RD #209 $299,900 $300,000 2 2 1305 CONDO 5
16875 TRACY AVE $320,000 $315,000 4 2 1825 DETACHD 2
9 CONDOLEA DR #Main $380,000 $364,500 3 3 2198 CONDO 39
550 2ND ST $419,995 $376,000 2 1.2 1540 CONDO 343
321 CERVANTES #Grnd $385,000 $385,000 3 2.1 2474 CONDO 205
5866 RIDGETOP CT $407,500 $407,500 3 2 1866 DETACHD 2
5364 ROSEWOOD ST $449,900 $433,000 4 2.1 1980 DETACHD 28
63 TOUCHSTONE $539,900 $545,000 4 3 2472 DETACHD 4
2550 SOUTHSHORE BLVD $590,000 $565,000 4 3.1 3721 DETACHD 159
1011 Spruce ST $565,000 $585,000 3 2.1 1930 DETACHD 29
80 TANGLEWOOD DR $629,900 $641,000 5 3 2713 DETACHD 3
5157 WOODCREST LN $649,900 $645,000 4 2.1 3144 DETACHD 33
19496 OLSON AVE $750,000 $750,000 4 2.1 3172 DETACHD 1
13371 ATWATER LN $899,000 $899,000 4 3 4795 DETACHD 0
17335 KELOK RD $1,039,000 $930,000 4 3.1 2491 DETACHD 48
717 5TH ST $995,000 $981,200 4 2.1 2809 DETACHD 0
2493 SOUTHSHORE BLVD $2,895,000 $2,650,000 5 5.1 7112 DETACHD 458

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.

Market Activity, May 11-17 2015

Spring has not only been beautiful but very busy!
During the week of May 11 to May 17 we saw 24 new houses debut on the market, 16 homes went pending, and 20 marvelous houses sold!

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

New on the Market (May 11-17, 2015)

Address Type Price Bedrooms Bathrooms Sqft
16 CRESTFIELD CT CONDO 95,500 1 1
47 EAGLE CREST DR #24 CONDO 109,000 1 1 672
4626 LOWER DR CONDO 132,000 2 1.5 1260
4 CRESTFIELD CT #4 CONDO 145,000 2 1 923
3814 BOTTICELLI ST ATTACHED 189,900 2 2 1055
4334 BOTTICELLI ST CONDO 239,000 2 2.5 2298
10 CONDOLEA DR ATTACHED 240,000 2 2 1312
21 ORIOLE LN DETACHED 375,000 2 2 1473
5861 BENFIELD CT DETACHED 399,500 4 2 1557
18581 WAXWING WAY DETACHED 479,000 4 2.5 2076
6286 HARRINGTON AVE DETACHED 529,000 3 2 3219
2440 OVERLOOK DR DETACHED 565,000 4 3 3850
3099 ROSEMARY LN DETACHED 599,000 4 4 4486
5355 CARMAN GROVE LN DETACHED 625,000 4 2.5 2302
17455 BROOKHURST DR DETACHED 669,000 4 2.5 2884
12777 SIERRA VISTA DR DETACHED 694,000 4 2.5 3144
14001 WESTCOTT CT DETACHED 719,900 3 2.5 3223
22 HOTAPUR ST DETACHED 829,000 5 3.5 4002
1120 HOODVIEW LN DETACHED 919,900 4 3 3454
5349 WASHINGTON CT DETACHED 1,000,000 4 3.5 3850
15451 VILLAGE DR DETACHED 1,075,000 3 3.5 4154
1979 COUNTRY CLUB RD DETACHED 1,199,000 5 5.5 4115
1578 VIEW LAKE CT DETACHED 1,549,000 4 4.5 4476
149 FURNACE ST CONDO 1,795,000 3 3.5 4784

Pending Sales (May 11-17, 2015)

Address Type Price Bedroom Bathrooms DOM
45 EAGLE CREST DR #214 CONDO 179,000 1 2 12
44 NORTHVIEW CT ATTACHED 385,000 2 3 7
550 2ND ST CONDO 389,500 2 1.5 343
1207 HALLINAN CIR DETACHED 389,900 2 2 3
17390 CARDINAL DR DETACHED 425,000 3 2 2
101 3RD ST CONDO 485,000 3 2 3
2550 GREENTREE RD DETACHED 499,000 4 3 18
4798 AUBURN LN ATTACHED 529,000 3 3.5 5
504 10TH ST DETACHED 700,000 3 2 69
6484 MCDUFF CT DETACHED 749,000 4 4 18
18120 DELENKA LN DETACHED 759,900 4 2.5 14
14053 AMBERWOOD CIR DETACHED 782,500 3 3 5
1267 MAPLE ST DETACHED 879,000 4 2.5 210
4350 LORDS LN DETACHED 1,199,000 5 4 5
14084 GOODALL RD DETACHED 1,395,000 5 5.5 256
16707 GRAEF CIR DETACHED 2,100,000 4 3.5 4

Sold/Closed (May 11-17, 2015)

Address Type List Price Close Price Sqft DOM
66 GALEN ST CONDO 109,500 96,000 689 111
44 EAGLE CREST DR #26 CONDO 136,500 136,500 908 0
16470 BRYANT RD DETACHED 324,900 312,500 2024 140
12804 SW BOONES FERRY RD ATTACHED 316,000 316,000 1174 0
1689 MEADOWS DR DETACHED 394,900 395,000 2182 23
1878 MAPLELEAF RD DETACHED 399,900 397,000 1347 5
44 AQUINAS ST DETACHED 379,900 410,000 1870 24
17763 MARDEE AVE DETACHED 447,000 450,000 2300 10
5364 GREYSTOKE DR DETACHED 458,500 458,500 1807 2
13166 PETERS RD DETACHED 525,000 460,000 2575 0
3 EL GRECO ST DETACHED 439,500 460,000 2370 2
25 PARTRIDGE LN DETACHED 485,000 476,000 3148 14
1901 WOODLAND TER DETACHED 519,000 495,000 2944 1
4925 MULHOLLAND DR ATTACHED 520,000 520,000 2424 2
279 EVERGREEN RD ATTACHED 639,000 632,000 2136 9
4945 PARKHILL ST DETACHED 659,900 659,900 3302 0
15947 WALUGA DR DETACHED 725,000 700,000 3370 18
2671 GLEN EAGLES RD DETACHED 825,000 825,000 4019 5
893 10TH ST DETACHED 979,000 979,000 2719 0
13286 GOODALL RD DETACHED 1,750,000 1,682,500 6819 142

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.

Searching

Hello Property Blotter Readers!

Ok, I have a short post for you today as I’m running around helping clients along with Dianne and Whitney. Hopefully this will be helpful to some, though.

I constantly encounter clients who are searching in all kinds of places for properties online. I’m often amazed at getting lists of addresses people are interested in, only to find out that they’re all either Pending or Sold. ***The reason for this is that these sites (I won’t name them, but they are very popular and do a lot of advertising on television etc : ) basically suck their data out of the main database that Realtors use as their source of information; The MLS. Once they have that data, what their database does with it is anyone’s guess.

The minute a property goes on the market, its entered into and becomes viewable on the MLS. When it is Pending that’s entered and immediately viewable on the MLS.  When properties enter the market or change status to Pending, Sold, etc., these other sites have a lag time for updating their information, and they’re all different. Some hang onto properties a LONG time after they become unavailable.  So…. I highly recommend searching the MLS directly.  In addition to that, there are Good resources that offer various types of searching and stay pretty up to date.  Here are a few I recommend:

RMLS:     CLICK HERE

My Own Website’s Detailed Searching Database: CLICK HERE  ***My website allows you to set up automatic emails direct to you whenever a property meeting your needs comes on the market.

Our Oregon First Search Tool (click the Search Property Search Tab):  CLICK HERE

There are other sites I could discuss with you if you are interested.

Hope this is helpful.  Wherever you find your properties-of-interest, feel free to call or email me (or Dianne or Whitney) with your questions, and we’ll pick up the ball and be your champions!  We also specialize in assisting our clients by finding properties FOR them using our skill and experience to wade through the hundreds of options, finding the ones that best meet your needs.

Enjoy this amazing weekend in Oregon!

Very Best,

Linda

 

Market Activity ~ Apr 20-Apr 26, 2015

Oh gosh this is coming out so late, I greatly apologize for missing this week. But to make it up to you all I will post it now so that we can get a move on!

During the week of April 20 through the 26th we saw 14 new listings, 23 listings went pending, and 16 sold! What an exciting week! I am so sorry I missed it!

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

NEW on Mkt (Apr 20- Apr 26, 2015)

Address Type Price Bedrooms Bathrooms Sqft
750 1ST ST #32 CONDO 165,500 1 1 986
200 BURNHAM RD #300 CONDO 189,900 1 1 973
5860 LAKEVIEW BLVD DETACHED 289,900 2 1.5 1435
7 HIDALGO ST DETACHED 449,900 3 2.5 2408
5221 ROSEWOOD ST DETACHED 469,000 3 2.5 2226
6155 FROST LN DETACHED 488,900 4 2.5 2364
27 DA VINCI ST DETACHED 497,500 4 3 2820
2550 GREENTREE RD DETACHED 499,000 4 3 2852
147 DEL PRADO ST DETACHED 549,000 3 3 2790
8 HIDALGO ST DETACHED 599,900 4 3.5 3123
14036 MAJESTIC CT DETACHED 779,000 6 3.5 4995
18522 ANDUIN TER DETACHED 998,750 5 4.5 5196
16645 GRAEF CIR DETACHED 1,549,000 4 4.5 3075
642 IRON MOUNTAIN BLVD DETACHED 1,695,000 3 2.5 4575

PENDING SALES (Apr 20- Apr 26, 2015)

Address Type Price Bedroom Bathrooms DOM
15 OSWEGO SMT #15 CONDO 106,000 2 2 373
44 CERVANTES CIR #44 CONDO 132,500 2 1.5 21
44 EAGLE CREST DR #39 CONDO 139,900 2 2 11
16250 PACIFIC HWY #67 CONDO 144,900 1 1 45
566 S STATE ST CONDO 159,000 1 1 4
4 TOUCHSTONE #78 CONDO 164,900 3 2.5 151
115 TOUCHSTONE TER ATTACHED 329,900 4 2.5 24
13985 SUNDELEAF DR DETACHED 359,990 3 2 8
5364 ROSEWOOD ST DETACHED 436,000 4 2.5 28
6310 ALYSSA TER DETACHED 439,950 4 2.5 80
13431 VERMEER DER DETACHED 499,000 3 2.5 9
5020 HAMPTON CT DETACHED 588,000 3 2.5 182
3009 WEMBLEY PARK RD DETACHED 598,900 4 2.5 122
4263 SUNSET DR DETACHED 625,000 3 2.5 3
5157 WOODHURST PL DETACHED 649,900 4 2.5 33
17583 SHEPHERDS CT DETACHED 774,900 4 3 47
17656 WOODHURST PL DETACHED 799,000 4 2.5 51
3180 WESTVIEW CT DETACHED 875,000 5 3.5 14
1821 OAK ST DETACHED 899,000 4 3.5 12
717 5TH ST DETACHED 995,000 4 2.5 0
701 4TH ST DETACHED 1,030,000 3 2.5 3
17335 KELOK RD DETACHED 1,039,000 4 3.5 48
14536 PFEIFER DR DETACHED 1,200,000 3 3.5 131

SOLD  (Apr 20- Apr 26, 2015)

Address Type List Price Close Price Sqft DOM
3433 MCNARY PKWY #208 CONDO 150,000 138,000 1008 8
4000 CARMAN DR A17 CONDO 169,900 171,200 1100 19
115472 BRIANNE CT ATTACHED 269,000 268,000 1208 2
18660 DON LEE WAY DETACHED 284,900 270,000 946 206
4670 LOWER DR DETACHED 414,900 374,900 1587 154
4909 LOWER DR DETACHED 425,000 413,500 1992 72
578 2ND ST #6 CONDO 425,000 415,000 1394 62
1990 GREENTREE RD DETACHED 479,900 457,200 2100 11
17680 BLUE HERON WAY DETACHED 649,900 525,000 2363 174
11 JUAREZ ST DETACHED 550,000 525,000 2600 5
13906 MAJESTIC CT DETACHED 530,000 540,000 2827 6
13819 PROVINCIAL HILL DR DETACHED 599,900 550,000 2096 24
4070 VIRGINIA WAY DETACHED 747,500 730,000 3510 44
18253 SIENA DR DETACHED 1,198,000 1,160,000 4310 25
18218 MEADOWLARK LN DETACHED 1,695,000 1,450,000 8320 787
1867 HIGHLAND LOOP DETACHED 1,998,000 1,900,000 5185 57

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.

Market Activity ~ Apr 27-May 3, 2015

All the numbers (and our collective subjective experience as Realtors) stack up to a continuing robust market:

Last week in Lake Oswego we saw 29 New properties enter the market, 19 move to Pending status, and 27 “Closed”/Sold.

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

NEW on Mkt (Apr 27-May 3, 2015)

Address List Price # Beds # Baths Total SF Prop Type
104 OSWEGO SMT #104 $99,000 1 1 764 CONDO
47 EAGLE CREST DR #14 $100,000 1 1 666 CONDO
45 EAGLE CREST DR #214 $179,000 1 2 1046 CONDO
4459 THUNDER VISTA LN #Grnd $255,000 2 2.1 1925 CONDO
16953 GREENTREE AVE $420,000 4 3 1941 DETACHD
4596 LAMONT WAY $424,900 4 2 2236 DETACHD
304 6TH ST $450,000 1 1 941 DETACHD
16915 CRESTVIEW DR $469,000 4 2.1 2180 DETACHD
28 AQUINAS ST $499,000 3 2 2000 DETACHD
2464 MARYLHAVEN PL $610,000 4 2.1 2898 DETACHD
19664 RIVER RUN DR $614,900 4 2.1 3051 DETACHD
17244 FERNWOOD DR $649,900 4 2.1 2617 DETACHD
3100 WEMBLEY PARK RD $700,000 3 3 3060 DETACHD
14001 WESTCOTT CT $724,900 4 2.1 3223 DETACHD
139 DEL PRADO ST $725,000 3 2 2895 DETACHD
13456 PROVINCIAL HILL WAY $729,000 3 2.1 2771 DETACHD
17065 TUALATIN ST $739,000 3 2.1 2733 DETACHD
6484 MCDUFF CT $749,000 4 4 3120 DETACHD
5955 SUNBROOK DR $759,000 4 3 3110 DETACHD
5650 BAY CREEK DR $859,900 4 2.1 3668 DETACHD
18360 DELENKA LN $859,900 5 3.1 4828 DETACHD
1055 COUNTRY CLUB RD $879,000 3 2 2908 DETACHD
18262 BRYANT RD $949,900 4 3.1 3428 DETACHD
19229 35TH PL $959,900 5 3.1 4764 DETACHD
910 FAIRWAY RD $1,069,000 4 3.1 3384 DETACHD
17518 RIDGEVIEW LN $1,282,000 4 3.1 4051 DETACHD
983 LAKE FRONT RD $1,595,000 3 2.1 2199 DETACHD
2950 WEMBLEY PARK RD $1,950,000 4 5.1 6329 DETACHD
1125 MAPLE ST $2,395,000 4 3.1 5481 DETACHD

PENDING SALES (Apr 27-May 3, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
54 GALEN ST #Upper $123,900 2 2 995 CONDO 42
45 EAGLE CREST DR #219 $189,900 3 2 1537 CONDO 14
668 MCVEY AVE #33 $284,900 2 1 852 CONDO 58
6288 SEVILLE AVE $295,000 3 2 1470 DETACHD 3
15434 STEPHANIE CT #Grnd $315,000 3 2.1 1566 ATTACHD 2
2031 BONNIEBRAE DR $319,900 4 2 1611 ATTACHD 6
7 CONDOLEA DR #Grnd $380,000 3 3 2388 CONDO 23
1428 GREENTREE CIR $399,950 4 2.1 2236 DETACHD 62
3919 SOUTHSHORE BLVD $424,900 3 4 2398 DETACHD 3
2705 ORCHARD HILL LN $489,000 4 2.1 2841 DETACHD 7
1297 HIDE A WAY LN $525,000 3 2.1 1832 DETACHD 6
4979 GALEN ST $555,000 4 2.1 3298 DETACHD 12
16920 GREENTREE AVE $625,000 4 2.1 2830 DETACHD 2
221 6TH ST $625,000 3 2 1508 DETACHD 14
6 CELLINI CT $705,000 5 3 3494 DETACHD 19
1854 OAK KNOLL CT $1,025,000 3 3 3530 DETACHD 237
1850 ATHERTON DR $1,179,000 3 2.1 4825 DETACHD 581
17620 BLUE HERON RD $1,198,000 4 3.1 4041 DETACHD 67
1017 LAKE FRONT RD $2,595,000 5 4.2 4070 DETACHD 206

SOLD  (Apr 27-May 3, 2015)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #52 $89,000 $84,000 1 1 666 CONDO 17
48 EAGLE CREST DR #1C $169,950 $97,500 2 2 1370 CONDO 231
320 CERVANTES CIR $129,900 $120,000 2 1 832 CONDO 44
4 TOUCHSTONE #158 $140,000 $142,000 2 2 984 CONDO 5
4 TOUCHSTONE #89 $160,000 $155,000 3 2.1 1351 CONDO 72
16250 PACIFIC HWY #45 $194,900 $175,000 2 2 1311 CONDO 71
200 BURNHAM RD #402 $199,500 $190,000 2 2 1305 CONDO 261
3144 DIANE DR $224,900 $280,000 3 1.1 1632 DETACHD 31
16472 BONAIRE AVE $289,900 $350,000 3 2 1464 DETACHD 3
5530 BONITA RD $398,000 $389,900 3 2 1200 DETACHD 34
17280 WESTVIEW DR $429,000 $416,000 4 3 2324 DETACHD 6
4711 REMBRANDT LN $450,000 $452,000 3 2.1 2050 DETACHD 3
32 SPINOSA $479,000 $455,900 4 3.1 2542 DETACHD 1964
6459 FROST ST $499,900 $488,500 4 2.1 2627 DETACHD 101
17380 CANYON DR $514,950 $493,000 4 2.1 2526 DETACHD 145
18582 BRYANT RD $499,995 $504,500 3 2.1 2400 DETACHD 7
1585 PATTON RD $539,900 $515,000 4 3 3162 DETACHD 314
18634 Bryant RD $551,995 $534,995 3 2.1 2736 DETACHD
1008 SPRUCE ST $535,000 $535,000 3 2.1 1765 DETACHD 6
1380 BONNIEBRAE DR $730,000 $675,000 5 3 2940 DETACHD 109
2286 WEMBLEY PARK RD $699,000 $699,000 3 3 2000 DETACHD 43
15203 LILY BAY CT $779,000 $765,000 4 2.1 3219 DETACHD 34
5032 DENTON DR $799,900 $800,000 3 2.1 3205 DETACHD 0
17900 GREENBLUFF DR $949,000 $900,000 4 3.1 4210 DETACHD 300
18042 SKYLAND CIR $1,150,000 $1,080,000 5 3 4800 DETACHD 212
16655 MAPLE CIR $1,269,000 $1,189,000 3 2 2030 DETACHD 12
1059 BAYBERRY RD $1,399,950 $1,375,000 4 3.1 3550 DETACHD 89

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.

News & Notes

 

l-lake-oswego-mansion

 

 

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

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

  • There were 3,596 New Listings in March which was up a full 24.7% from last month/February! and up 16.4% from March of 2014.
  • At 2,457 March Closed Sales increased a whopping 49.1% over February! and were up  32.3% from March of 2014.
  • March Pending Sales (accepted offers), at 3,384, was the strongest since 2006. Up… 33.5%  from February AND March of 2014.
  •  The Average Sale Price in March of $337,200 was up $9,200. from February’s Average of $328,000, and almost exactly the same from March of 2014’s $328,100. 

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

    • 373 Active Listings  (360 in Feb)
    • 209 New Listings    (198 in Feb)
    • 174 Pending Sales    (149 in Feb)
    • 130 Closed Sales   (86 in Feb)
    • Average Sale Price for March of $475,900.  ($518,300 in Feb)
      • 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: 104 Days  (100 in Feb)

Market Activity ~ April 6-12, 2015

Its springtime in Lake Oswego and activity is brisk. Here is your Latest Market Activity Report:

Last week in Lake Oswego we saw 18 New properties enter the market, 25 move to Pending status, and 17 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Apr 6-12, 2015)

Address List Price # Beds # Baths Total SF Prop Type
44 EAGLE CREST DR ##39 $139,900 2 2 1085 CONDO
100 KERR PKWY #1 $159,500 2 2 1188 CONDO
170 OSWEGO SMT $177,100 2 2 1506 CONDO
4107 JEFFERSON PKWY $237,500 2 2.1 1367 CONDO
668 MCVEY AVE #24 $239,000 1 1 626 CONDO
1023 HALLINAN ST $349,000 3 1.1 1097 DETACHD
4283 WOODSIDE CIR $359,900 4 2 2032 ATTACHD
1878 MAPLELEAF RD $399,900 3 1.1 1347 DETACHD
5434 WILLOW CT $489,000 3 2.1 2446 ATTACHD
16889 WIGHT LN $489,000 4 2.1 2386 DETACHD
6 CELLINI CT $705,000 5 3 3494 DETACHD
4125 HEDGE NETTLE CT $715,000 4 2.1 2890 DETACHD
3180 WESTVIEW CT $875,000 5 3.1 4216 DETACHD
18320 RIVER EDGE LN $995,000 4 4 4342 DETACHD
3072 LAKEVIEW BLVD $1,150,000 5 5.1 4030 DETACHD
17327 KELOK RD $1,250,000 3 3 2300 DETACHD
3301 UPPER DR $1,400,000 4 3.1 4555 DETACHD
16511 MAPLE CIR $1,695,000 4 2.1 3342 DETACHD

PENDING SALES (Apr 6-12, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #52 $89,000 1 1 666 CONDO 17
15 OSWEGO SMT #15 $106,000 2 2 1212 CONDO 357
62 GREENRIDGE CT / Grnd $260,000 3 2 1596 CONDO 147
200 BURNHAM RD #209 $299,900 2 2 1305 CONDO 5
16875 TRACY AVE $320,000 4 2 1825 DETACHD 2
16470 BRYANT RD $324,900 3 2 2024 DETACHD 140
115 TOUCHSTONE TER $329,900 4 2.2 2848 ATTACHD 8
44 AQUINAS ST $379,900 4 2 1870 DETACHD 24
5324 LOWER DR $395,000 3 2.1 2034 DETACHD 3
4972 GALEN ST $415,000 2 3 1942 ATTACHD 175
5189 TUALATA LN $440,000 3 2 2422 DETACHD 150
18481 WAXWING CIR $459,000 3 2.1 1840 DETACHD 22
18640 TUALATA AVE $463,500 4 2 2076 DETACHD 4
17380 CANYON DR $514,950 4 2.1 2526 DETACHD 145
18530 BRYANT RD $514,995 3 2.1 2400 DETACHD 14
18728 Bryant RD $524,995 3 2.1 2736 DETACHD
2550 SOUTHSHORE BLVD $575,000 4 3.1 3721 DETACHD 159
12615 SW 21ST CT $739,000 4 3.1 4594 DETACHD 36
17572 SHEPHERDS CT $779,900 4 3 2983 DETACHD 36
2671 GLEN EAGLES RD $825,000 3 3 4019 DETACHD 5
496 8TH ST $879,000 4 2 2899 DETACHD 35
1901 SUMMIT DR $899,000 4 3.1 3444 DETACHD 7
13371 ATWATER LN $899,000 4 3 4795 DETACHD 0
17970 ROYCE WAY $1,125,000 5 4.1 5355 DETACHD 34
720 KENOLA CT $1,200,000 3 3.1 3727 DETACHD 53

SOLD  (Apr 6-12, 2015)

Address OpeningPrice Closed Price # Beds # Baths Total SF Prop Type CDOM
56 GALEN ST / Upper $142,500 $142,500 2 2 1000 CONDO 10
3433 MCNARY PKWY #506 $175,000 $185,000 2 2.1 1136 CONDO 3
3970 SW CARMAN DR / Grnd $219,900 $215,000 2 2.1 1129 CONDO 8
132 TOUCHSTONE TER $280,000 $280,000 3 2.1 1964 ATTACHD 0
65 KINGSGATE RD $299,900 $290,025 3 2 1237 ATTACHD 4
38 WHEATHERSTONE $299,900 $299,900 3 2.1 1692 ATTACHD 8
19060 INDIAN SPRINGS CIR $435,000 $408,000 3 2 1355 DETACHD 26
1107 CHERRY LN $424,900 $425,000 3 2 2094 DETACHD 10
18863 INDIAN SPRINGS RD $439,900 $439,900 4 3 2001 DETACHD 3
4733 FIRWOOD RD $474,900 $472,000 4 3 2310 DETACHD 189
34 DEL PRADO ST $569,950 $522,000 4 3 3120 DETACHD 101
18790 Bryant RD $544,995 $524,995 3 2.1 2400 DETACHD
409 MIDDLECREST RD $599,000 $595,000 3 3 2135 DETACHD 15
1890 CREST DR $769,000 $692,500 3 2.1 2782 DETACHD 144
14128 EDENBERRY DR $749,900 $752,000 4 2.1 3168 DETACHD 10
14488 PFEIFER DR $825,000 $869,700 4 3.1 3563 DETACHD 2
18360 RIVER EDGE LN $957,000 $925,000 4 2.1 3738 DETACHD 22

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.