Lake Oswego Real Estate Blog
60 Unique Doves are being hidden around Lake Oswego. From December 1st to 23rd, they will be hidden in the Gallery Without Walls, in City Parks, and in local businesses. Each dove is a unique, hand-made design that is made from fired porcelain and imprinted with vintage crochet, blue glaze. The artist is Dorothy Steele. Each dove is signed, dated and numbered.
I would love to find one! Perhaps I’ll see you out and about as the treasure hunt ensues. Good luck!
People often ask me if this is a good time of year to be buying or selling a house. The answer is yes! Interest rates are typically very low in the winter. People who are selling at this time of year are motivated. Many companies are transferring their executives to close out their fiscal year. And a house that is beautiful in the winter will be gorgeous in the spring! This past week Lake Oswego had 12 new listings, 15 houses going into pending status with accepted offers, and 11 closed sales.
Following is the breakdown for you according to RMLS for last week:
New on the Market (Nov 9-15, 2015)
| Address | Type | Price | BR | Baths | Sq Ft |
| 48 Eagle Crest Dr #2D | Condo | $185,000 | 3 | 2 | 1623 |
| 4 Mountain Circle | Condo | $305,000 | 2 | 1.5 | 1598 |
| 1248 Oak St | Detached | $325,000 | 2 | 1 | 900 |
| 19251 Indian Creek Ave | Detached | $350,000 | 4 | 2 | 1404 |
| 9 Oriole Ln | Detached | $439,000 | 3 | 3 | 1928 |
| 123 3rd ST | Condo | $450,000 | 2 | 2 | 1206 |
| 4101 Chapman Way | Detached | $475,000 | 3 | 2.5 | 1864 |
| 6423 Frost St | Detached | $499,900 | 3 | 2.5 | 2548 |
| 17730 Marylbrook Dr | Detached | $619,999 | 3 | 2.5 | 2951 |
| 6413 McDuff Ct | Detached | $724,900 | 3 | 2.5 | 3091 |
| 906 Cedar St | Detached | $950,000 | 4 | 3.5 | 2829 |
| 4146 Lakeview Blvd | Detached | $1,298,800 | 4 | 3.5 | 3279 |
Pending Sales (Nov 9-15, 2015)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 454 5th St | Condo | $323,000 | 2 | 1.5 | 1092 | 6 |
| 13855 Verte Ct | Detached | $449,000 | 3 | 2.5 | 1835 | 128 |
| 6411 Frost St | Detached | $499,900 | 3 | 2.5 | 2430 | 28 |
| 15585 Partridge Dr | Detached | $529,000 | 4 | 2.5 | 2604 | 98 |
| 6059 Frost Ln | Detached | $535,000 | 4 | 2.5 | 2281 | 49 |
| 14121 Redwood Ct | Detached | $579,950 | 5 | 3.5 | 2703 | 266 |
| 3778 Rivers Edge Dr | Detached | $679,900 | 4 | 3.5 | 3022 | 101 |
| 15655 Fieldstone Dr | Detached | $710,000 | 3 | 2.5 | 2750 | 6 |
| 13461 Steamside Dr | Detached | $775,000 | 4 | 2.5 | 3321 | 70 |
| 5640 Meridian Ct | Detached | $788,800 | 4 | 3.5 | 3459 | 38 |
| 5327 Carman Grove Ln | Detached | $845,000 | 3 | 3 | 3125 | 179 |
| 1651 Village Park Ln | Detached | $899,000 | 4 | 3.5 | 4273 | 230 |
| 769 2nd St | Detached | $1,000,000 | 5 | 2.5 | 3308 | 900 |
| 17442 Ridgeview Ln | Detached | $1,329,000 | 4 | 3.5+.5 | 5036 | 107 |
| 13719 Knaus Rd | Detached | $1,837,000 | 4 | 4.5+.5 | 5780 | 538 |
Sold/Closed (Nov 9-15, 2015)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 15230 Boones Way 1D | Condo | $205,000 | $205,000 | 1185 | 4 |
| 16200 Pacific Hwy #24 | Condo | $285,000 | $260,000 | 1190 | 62 |
| 4226 Woodside Circle | Attached | $349,900 | $332,500 | 1578 | 12 |
| 5280 Chinook Ct | Detached | $315,000 | $337,500 | 1457 | 4 |
| 4291 Woodside Circle | Attached | $400,000 | $425,000 | 2026 | 4 |
| 18620 Indian Creek Dr | Detached | $469,900 | $469,900 | 2064 | 2 |
| 18910 Terry Ave | Detached | $585,000 | $579,900 | 4290 | 159 |
| 14205 Edenberry Dr | Detached | $735,000 | $695,000 | 3051 | 42 |
| 13084 Knaus Rd | Detached | $899,000 | $755,000 | 3285 | 45 |
| 5833 Stewart Glenn Ct | Detached | $815,000 | $815,000 | 3258 | 52 |
| 18383 Old River Dr | Detached | $895,000 | $819,900 | 4548 | 85 |
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.
This is the first week in quite a long while that I have seen such a small lineup of new listings. The mad rush of inventory that we had through the summer, and into the early fall, is now ending. As the winter begins to approach, and we hunker down with warm drinks and jackets, we’ll also see the real estate market slow down.
Hope everybody has some wonderful plans for turkey day!
Following is the breakdown for you according to RMLS for last week:
New on the Market (Oct 26th-Nov 1st, 2015)
| Address | Type | Price | Bedrooms | Bathrooms | Sqft |
| 67 OSWEGO SMT #67 | CONDO | 179,000 | 2 | 2 | 1212 |
| 42 ORIOLE LN | DETACHED | 350,000 | 3 | 2 | 1290 |
| 19 EL GRECO ST | DETACHED | 698,950 | 4 | 3 | 3030 |
| 1269 LAKE GARDEN CT | DETACHED | 929,000 | 4 | 2.5 | 2056 |
| 18945 BRYANT RD | DETACHED | 987,000 | 5 | 3 | 4755 |
Pending Sales (Oct 26th-Nov 1st, 2015)
| Address | Type | Price | Bedroom | Bathrooms | DOM |
| 4 TOUCHSTONE #130 | CONDO | 159,900 | 2 | 2 | 2 |
| 668 MCVEY AVE #14 | CONDO | 179,000 | 1 | 1 | 92 |
| 48 EAGLE CREST DR 5E | CONDO | 205,000 | 2 | 2 | 55 |
| 5225 JEAN RD #201 | CONDO | 224,900 | 3 | 2 | 72 |
| 4347 SILVER CT | CONDO | 319,000 | 3 | 2.5 | 7 |
| 80 KINGSGATE RD | DETACHED | 349,900 | 3 | 2 | 3 |
| 5253 TIMBERGROVE ST | DETACHED | 357,500 | 3 | 2 | 8 |
| 18305 FERNBROOK CT | DETACHED | 399,900 | 3 | 2 | 2 |
| 55 NORTH SHORE RD #4 | CONDO | 415,000 | 2 | 2 | 36 |
| 19229 LONGFELLOW AVE | DETACHED | 419,900 | 2 | 2 | 4 |
| 14754 DAVIS LN | ATTACHED | 445,000 | 3 | 2.5 | 83 |
| 17520 REDFERN AVE | DETACHED | 499,900 | 3 | 2 | 48 |
| 432 LININGGOOD LLN | DETACHED | 519,000 | 4 | 3 | 114 |
| 5336 COVENTRY CT | DETACHED | 524,500 | 4 | 2.5 | 3 |
| 316 MIDDLECREST RD | DETACHED | 595,000 | 3 | 2.5 | 75 |
| 4744 CAMBRIDGE CT | ATTACHED | 605,000 | 3 | 2.5 | 0 |
| 17440 BLUE HERON RD | DETACHED | 699,000 | 3 | 3 | 45 |
| 17454 CANAL CIR | DETACHED | 755,000 | 3 | 2.5 | 47 |
| 1032 WESTWARD HO RD | DETACHED | 929,000 | 4 | 3.5 | 797 |
| 3070 WEMBLEY PARK RD | DETACHED | 1,459,000 | 4 | 3.5 | 127 |
| 17700 UPPER CHERRY LN | DETACHED | 2,500,000 | 5 | 5.5 | 8 |
| 1210 CHANDLER RD | DETACHED | 2,975,000 | 4 | 5.5 | 512 |
Sold/Closed (Oct 26th-Nov 1st, 2015)
| Address | Type | List Price | Close Price | Sqft | DOM |
| 4000 CARMAN DR #33 | ATTACHED | 165,000 | 170,000 | 1100 | 3 |
| 3892 BOTTICELLI ST | CONDO | 235,000 | 225,000 | 1288 | 180 |
| 4405 THUNDER VISTA LN | CONDO | 275,000 | 270,000 | 1922 | 11 |
| 1559 WORTHINGTON ST | DETACHED | 434,900 | 390,000 | 2016 | 83 |
| 18357 HEATHER ANN CT | DETACHED | 439,900 | 440,000 | 1832 | 2 |
| 27 DEL PRADO ST | DETACHED | 449,000 | 525,000 | 3341 | 7 |
| 39 NOVA CT | DETACHED | 539,000 | 525,000 | 2590 | 4 |
| 3232 WEMBLEY PARK RD | DETACHED | 799,900 | 530,000 | 2805 | 108 |
| 6 GROUSE TER | DETACHED | 544,900 | 534,900 | 3576 | 3 |
| 729 SOUTHVIEW RD | DETACHED | 725,000 | 603,000 | 2657 | 141 |
| 13836 AMBERWOOD CIR | DETACHED | 869,000 | 655,000 | 4183 | 184 |
| 2189 FERNWOOD CIR | DETACHED | 650,000 | 695,000 | 2921 | 141 |
| 23 MASAEYK ST | DETACHED | 724,000 | 724,000 | 2861 | 7 |
| 1874 GLENMORRIE TER | DETACHED | 939,000 | 817,500 | 3508 | 295 |
| 1943 INDIAN TRAIL | DETACHED | 869,850 | 875,000 | 2960 | 4 |
| 4640 DOGWOODDR | DETACHED | 1,100,000 | 900,000 | 3500 | 13 |
| 475 8TH ST | DETACHED | 999,950 | 970,000 | 2699 | 65 |
| 635 IRON MOUNTAIN BLVD | DETACHED | 1,369,000 | 1,369,000 | 4736 | 0 |
| 2950 WEMBLEY PARK RD | DETACHED | 1,950,000 | 1,795,000 | 6329 | 111 |
| 1186 CRESTLINE CT | DETACHED | 3,975,000 | 2,087,730 | 14411 | 1457 |
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.
I think Halloween is the informal kick off of the holiday season. It is just weeks until Thanksgiving, Christmas, and New Year’s. So I want to take a moment to talk about what that means if you are selling or buying a home right now.
Buyers are out there. My listings are continuing to get showings and I am currently working with several ready buyers. Inventory is lower, so houses on the market are getting noticed. Interest rates are also low. In my experience interest rates tend to be the lowest of the year in the winter. If you are buying, these components make this a really great time of year to buy. I also think this is the best time of year to do a home inspection. If the house has water issues, they will be obvious. Last, if you are buying, a house that looks good on a rainy day will be spectacular on a sunny day.
For those who are selling I want to talk about holiday decorations. I do think decorating for the holidays enhances the marketability of a house. I showed a house yesterday that was beautifully decorated for the fall. They had wreaths on the door and last summers flower pots were over flowing with silk leaves in the colors of fall and mini pumpkins. We were all smiling and commenting on how pretty they were as I worked to open the lock box. We entered the house ready to be impressed. But I also want to caution that the decorations that are specific to the holiday need to come down within a week of the passing of the holiday. A Christmas tree in April is a big NO!
So Happy Halloween to one and to all. May the day be festive with more treats than tricks!
Dianne
Last week was gorgeous here in Lake Oswego. The fall colors and the dramatic sunrises and sunsets really made it a wonderful week. Real Estate also continued to move right along. Yes, things have slowed, but there is NEVER a time of year when homes are not being bought and sold. Last week in LO we had 11 new listings, 16 pending sales, and 10 closed sales. I expect the next couple of weeks to be very healthy for selling as buyers work to time their purchase so that they can move into their new home before the holidays.
Following is the breakdown for you according to RMLS for last week:
New on the Market (Oct 19-25, 2015)
| Address | Type | Price | BR | Baths | Sq Ft |
| 65 Oswego Summit | Condo | $154,999 | 2 | 2 | 1140 |
| 4000 Carman Dr #74 | Condo | $164,900 | 2 | 2 | 836 |
| 4347 Silver Ct | Condo | $319,000 | 3 | 2.5 | 1844 |
| 6140 Burma Rd | Detached | $419,000 | 4 | 2 | 1656 |
| 18802 Redwing Way | Detached | $459,000 | 3 | 2 | 1550 |
| 5330 Carman Grove Ln | Detached | $675,000 | 3 | 3 | 2398 |
| 41 Touchstone | Detached | $689,500 | 4 | 3 | 3092 |
| 15821 Springbrook Ct | Detached | $699,900 | 2 | 2 | 2208 |
| 14435 Uplands Dr | Detached | $965,000 | 4 | 3.5 | 4822 |
| 18048 Eastridge Ln | Detached | $1,250,000 | 4 | 3.5 | 4231 |
| 17700 Upper Cherry Ln | Detached | $2,500,000 | 5 | 5.5 | 6850 |
Pending Sales (Oct 12-18, 2015)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 57 Church St | Condo | $159,000 | 1 | 1 | 636 | 3 |
| 15 Oswego Summit | Condo | $164,900 | 2 | 2 | 1212 | 58 |
| 6213 Harrington Ave | Detached | $339,000 | 3 | 1 | 960 | 6 |
| 16735 Lake Forest Blvd | Detached | $349,900 | 3 | 2 | 1192 | 57 |
| 15 Greenridge Ct | Attached | $359,000 | 3 | 2.5 | 1996 | 89 |
| 17422 Blue Heron Rd | Detached | $399,900 | 3 | 2 | 1954 | 33 |
| 14752 Davis Ln | Attached | $435,000 | 3 | 2.5 | 1954 | 33 |
| 5875 Bonita Rd | Detached | $519,000 | 5 | 3.5 | 2650 | 27 |
| 4708 Hastings Pl | Detached | $575,000 | 4 | 2.5 | 2215 | 80 |
| 5124 Lakeview Blvd | Detached | $579,000 | 4 | 3 | 2932 | 20 |
| 6 Independence Ave | Detached | $615,000 | 3 | 2 | 2578 | 64 |
| 1052 Yates St | Detached | $664,900 | 3 | 2.5 | 2598 | 24 |
| 599 7th St | Detached | $775,000 | 4 | 3 | 2468 | 40 |
| 5459 Westfield Ct | Detached | $899,000 | 5 | 3.5 | 3670 | 33 |
| 725 5th St | Detached | $1,099,900 | 3 | 3 | 2748 | 72 |
| 3796 Lakeview Blvd | Detached | $1,995,000 | 3 | 2.5+.5 | 4150 | 448 |
Sold/Closed (Oct 19-25, 2015)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 100 Kerr Parkway | Condo | $144,900 | $153,500 | 822 | 3 |
| 4 Touchstone #152 | Condo | $168,900 | $185,000 | 1275 | 3 |
| 5835 Carman Dr | Detached | $273,900 | $227,000 | 1650 | 20 |
| 5052 Foothills Dr F | Condo | $220,000 | $230,000 | 1252 | 2 |
| 1325 Bonniebrae Dr | Attached | $274,900 | $277,500 | 1393 | 2 |
| 3190 Duncan Dr | Detached | $400,000 | $377,000 | 2401 | 223 |
| 4926 Mulholland Dr | Attached | $550,000 | $550,000 | 2376 | 1 |
| 15590 Tanager Dr | Detached | $585,000 | $562,500 | 2532 | 31 |
| 13060 SW Elk Rock Rd | Detached | $825,000 | $710,000 | 3681 | 155 |
| 581 2nd St #581 | Condo | $1,200,000 | $1,100,000 | 2190 | 60 |
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 are seeing a gradual decline in activity: Though we have 26 pending properties, 25 sold houses, there are only 7 new listings entering into the market. It will be interesting to see how this affects the activity over the next few weeks.
Hope everybody is staying happy and safe this October!
Following is the breakdown for you according to RMLS for last week:
New on the Market Oct 5- Oct 11, 2015)
| Address | Type | Price | Bedrooms | Bathrooms | Sqft |
| 16309 SW LAKE FOREST BLVD | DETACHED | 385,000 | 3 | 2 | 1608 |
| 6105 SHAKESPEARE ST | DETACHED | 400,000 | 4 | 2 | 1550 |
| 5640 MERIDIAN CT | DETACHED | 799,800 | 4 | 3.5 | 3459 |
| 4018 CANAL WOODS CT | DETACHED | 899,000 | 5 | 3.5 | 3600 |
| 2351 PALISADES CREST DR | DETACHED | 995,000 | 5 | 2.5 | 4564 |
| 2091 SUMIT DR | DETACHED | 1,150,000 | 3 | 2.5 | 2598 |
| 855 G AVE | DETACHED | 1,595,000 | 3 | 2.5 | 3625 |
Pending Sales Oct 5- Oct 11, 2015)
| Address | Type | Price | Bedroom | Bathrooms | DOM |
| 100 KERR PKWY #36 | CONDO | 115,500 | 1 | 1 | 42 |
| 4000 CARMAN DR #88 | CONDO | 149,000 | 2 | 2 | 28 |
| 4000 CARMAN DR G107 | CONDO | 174,800 | 2 | 2 | 3 |
| 15230 BOONES WAY 1D | CONDO | 205,000 | 2 | 2 | 4 |
| 52 CERVANTES CIR 3-A | CONDO | 209,000 | 2 | 1.5 | 58 |
| 4434 THUNDER VISTA LN | ATTACHED | 247,000 | 2 | 2.5 | 36 |
| 3696 SPRING LN 3B | CONDO | 269,900 | 2 | 2 | 14 |
| 1228 CEDAR ST | DETACHED | 337,500 | 3 | 2 | 43 |
| 18690 DON LEE WAY | DETACHED | 350,000 | 3 | 2 | 28 |
| 17701 BLUE HERON WAY | DETACHED | 399,000 | 3 | 2.5 | 205 |
| 89 KINGSGATE RD | DETACHED | 399,990 | 3 | 2.5 | 42 |
| 3674 CARMAN DR | DETACHED | 449,000 | 3 | 2.5 | 38 |
| 5063 CENTERWOOD ST | DETACHED | 480,000 | 4 | 3 | 19 |
| 17280 WESTVIEW DR | DETACHED | 487,000 | 3 | 3 | 19 |
| 6059 FROST LN | DETACHED | 508,000 | 4 | 2.5 | 14 |
| 18529 DEERBRUSH AVE | DETACHED | 550,000 | 4 | 2.5 | 8 |
| 16731 ALDER CIR | DETACHED | 555,000 | 3 | 2.5 | 8 |
| 2395 PALISADES CREST DR | DETACHED | 649,900 | 4 | 3 | 141 |
| 17337 CEDAR RD | DETACHED | 675,000 | 4 | 3.5 | 29 |
| 37 DA VINCI ST | DETACHED | 699,900 | 4 | 2.5 | 18 |
| 3211 ALBER SPRING CT | DETACHED | 739,000 | 4 | 2.5 | 2 |
| 19133 MEGAN PL | DETACHED | 749,000 | 4 | 3.5 | 115 |
| 18970 BRYANT RD | DETACHED | 799,900 | 4 | 3 | 46 |
| 1061 YATES ST | DETACHED | 839,900 | 3 | 3.5 | 33 |
| 1211 BAYBERRY RD | DETACHED | 1,125,000 | 6 | 5 | 79 |
| 581 2ND ST #581 | DETACHED | 1,200,000 | 2 | 2.5 | 60 |
SOLD (Oct 5- Oct 11, 2015)
| Address | Type | List Price | Close Price | Sqft | DOM |
| 47 EAGLE CREST DR #20 | CONDO | 126,950 | 104,000 | 1009 | 87 |
| 3433 MCNARY PKWY #704 | CONDO | 169,000 | 174,900 | 1008 | 46 |
| 668 MCNARY AVE #44 | CONDO | 199,000 | 175,000 | 636 | 54 |
| 16250 PACIFIC HWY #42 | CONDO | 234,900 | 225,000 | 1350 | 17 |
| 4343 BEASLEY WAY | DETACHED | 250,000 | 280,000 | 1110 | 7 |
| 1819 BOCA RATAN DR | ATTACHED | 299,999 | 307,500 | 1405 | 3 |
| 105 KINGSGATE RD | DETACHED | 319,900 | 320,000 | 1500 | 66 |
| 937 OAK ST | DETACHED | 445,000 | 420,000 | 3153 | 40 |
| 7 HIDALGO ST | DETACHED | 449,900 | 433,500 | 2408 | 124 |
| 19113 TERRY AVE | DETACHED | 415,000 | 434,000 | 1352 | 3 |
| 15144 BOONES WAY | DETACHED | 465,000 | 435,000 | 2409 | 37 |
| 6155 FROST LN | DETACHED | 488,900 | 444,888 | 2364 | 118 |
| 3180 EDGEMONT RD | DETACHED | 475,000 | 487,000 | 1704 | 5 |
| 4403 OAKRIDGE RD | ATTACHED | 539,000 | 540,000 | 2004 | 0 |
| 18707 TUALATA AVE | DETACHED | 549,900 | 605,000 | 2569 | 3 |
| 13265 FOX RUN | DETACHED | 625,000 | 620,500 | 2614 | 3 |
| 2322 STONEHURST CT | DETACHED | 715,000 | 650,000 | 3676 | 41 |
| 311 3RD ST | ATTACHED | 678,988 | 664,200 | 2123 | 18 |
| 595 D AVE | DETACHED | 1,075,000 | 1,000,000 | 3760 | 75 |
| 701 4TH ST | DETACHED | 1,030,000 | 1,030,000 | 2885 | 3 |
| 5220 FIRWOOD RD | DETACHED | 1,125,000 | 1,100,000 | 2507 | 8 |
| 17327 KELOK RD | DETACHED | 1,250,000 | 1,100,000 | 2300 | 145 |
| 17435 WREN CT | DETACHED | 1,299,900 | 1,326,000 | 2960 | 2 |
| 2793 POPLAR WAY | DETACHED | 1,699,000 | 1,575,000 | 6536 | 16 |
| 1115 LAKE FRONT RD | DETACHED | 1,898,000 | 1,790,000 | 3900 | 6 |
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.
Located at 2 Walking Woods, this house sits on a very prominent lot that looks out over the neighborhood. It’s at the corner of 2 streets that are the focus of your attention as you drive the curves of the road in Mountain Park. The style of the house is classic Cape Cod. It’s a style that you’ve seen in movies and in magazines and is just really attractive. The curb appeal of this house is a 10+.
Then there is the yard. The landscaping is superb. Attractively designed with a large covered deck, there a paths through arbors to water features and an abundance of blue berries, peach trees and pineapple guavas. The lot is 13,410 square feet.
This home is located in Mountain Park. Super convenient to both I-5 and 217, you are just minutes to shopping and dining. Mountain Park has one of the finest recreation centers in the metro area with swimming pools for exercise and for families, a gym, and over 15 miles of walking paths.
Please call me today if you would like more information or if you would like to make an appointment to see her for yourself.
Dianne
Since the start of school it has felt, to me, like the market has slowed a bit as compared to the hot market we had in June, July and August. Last week’s activity in Lake Oswego brought us 14 new listings, 21 pending sales, and 10 sold/closed sales. This week my business has ramped back up and I have been hearing similar comments from other agents. It will be interesting to see if the numbers are up next week.
Following is the breakdown for you according to RMLS for last week:
New on the Market Sept 28-Oct 4, 2015)
| Address | Type | Price | Bedrooms | Baths | Sq Ft |
| 15230 Boones Way 1D | Condo | $205,000 | 2 | 2 | 1185 |
| 16250 Pacific Hwy #74 | Condo | $274,800 | 2 | 2 | 1,324 |
| 191 Oswego Summit #191 | Condo | $279,000 | 2 | 2 | 1506 |
| 14850 Twin Fir Rd | Detached | $439,000 | 3 | 3 | 2018 |
| 6411 Frost St | Detached | $518,000 | 3 | 2.5 | 2430 |
| 18529 Deerbrush Ave | Detached | $550,000 | 4 | 2.5 | 2461 |
| 16731 Alder Circle | Detached | $555,000 | 3 | 2.5 | 2301 |
| 5124 Lakeview Blvd | Detached | $579,000 | 4 | 3 | 2932 |
| 1053 Yates St | Detached | $664,900 | 3 | 2.5 | 2598 |
| 5937 Bay Point Dr | Detached | $789,000 | 4 | 2.5 | 3174 |
| 17154 Lowenberg Terrace | Detached | $799,960 | 5 | 3.5 | 3514 |
| 2337 Hillside Ln | Detached | $925,000 | 4 | 3.5 | 4932 |
| 17346 Canal Circle | Detached | $995,000 | 4 | 3 | 3406 |
| 120 Cabana Pointe | Detached | $2,199,000 | 3 | 3 | 3446 |
Pending Sales Sept 28-Oct 4, 2015)
| Address | Type | Price | Bedrooms | Baths | Sq Ft | DOM |
| 16250 Pacific Hwy #54 | Condo | $154,900 | 1 | 1 | 841 | 10 |
| 3892 Botticelli St | Condo | $231,000 | 3 | 2 | 1288 | 180 |
| 5064 Foothills Dr F | Condo | $269,000 | 2 | 2 | 1252 | 84 |
| 16200 Pacific Hwy #24 | Condo | $285,000 | 2 | 2 | 1190 | 62 |
| 5280 Chinook Ct | Detached | $315,000 | 3 | 1.5 | 1457 | 4 |
| 116 Greenridge Ct | Condo | $344,900 | 4 | 2.5 | 2832 | 0 |
| 16254 Roosevelt Ave | Detached | $349,000 | 2 | 1 | 1131 | 55 |
| 14314 Orchard Springs Rd | Detached | $434,000 | 5 | 3 | 2238 | 5 |
| 27 Del Prado St | Detached | $449,000 | 4 | 2.5 | 3341 | 7 |
| 18620 Indian CreekDr | Detached | $469,900 | 3 | 2 | 2064 | 2 |
| 6 Grouse Terrace | Detached | $544,900 | 3 | 3 | 3576 | 3 |
| 1511 Woodland Terrace | Detached | $599,900 | 5 | 2.5 | 3439 | 185 |
| 16 Westminster Dr | Detached | $625,000 | 4 | 3 | 3202 | 2 |
| 607 Ash St | Detached | $639,000 | 4 | 3.5 | 2860 | 72 |
| 12777 Sierra Vista Dr | Detached | $679,000 | 4 | 2.5 | 3144 | 135 |
| 2189 Fernwood Circle | Detached | $699,000 | 4 | 3 | 2921 | 191 |
| 23 Masaryk St | Detached | $724,000 | 3 | 2.5 | 2861 | 7 |
| 14205 Edenberry Dr | Detached | $735,000 | 3 | 2.5 | 3051 | 106 |
| 18360 Delenka Ln | Detached | $799,000 | 5 | 3.5 | 4828 | 154 |
| 18009 Braeden Ct | Detached | $829,000 | 4 | 2.5 | 3286 | 64 |
| 4112 Orchard Way | Detached | $950,000 | 5 | 4 | 4190 | 16 |
SOLD (Sept 21-27, 2015)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 50 Cervantes Circle | Condo | $165,000 | $170,000 | 1368 | 4 |
| 319 Cervantes | Condo | $199,900 | $210,000 | 1209 | 14 |
| 3926 Carman Dr | Condo | $234,900 | $234,900 | 1129 | 66 |
| 48 Eagle Crest Dr 3B | Condo | $246,900 | $245,000 | 1,489 | 9 |
| 1448 Bonniebrae Dr | Attached | $250,000 | $255,000 | 1008 | 1 |
| 6053 Fernbrook St | Detached | $338,000 | $338,000 | 912 | 4 |
| 19431 Tualamere Ave | Detached | $339,900 | $340,000 | 1200 | 14 |
| 1648 Ash St | Detached | $449,900 | $483,500 | 1877 | 2 |
| 5466 Bay Creek Dr | Detached | $615,000 | $585,000 | 2535 | 35 |
| 18086 Jenifers Way | Detached | $699,000 | $699,000 | 2582 | 49 |
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.
Wow lots of new listings have hit the market within the week. Among those 27 houses my mother has a new listing that you have just got to check out at 2 Walking woods dr! What a beautiful house.
20 homes are currently in escrow, which means that the fall is shaping up to continue this busy trend.
And 20 closes this last week. Congrats you guys!
Following is the breakdown for you according to RMLS for last week:
New on the Market (Sept 14-Sept 20, 2015)
| Address | Type | Price | Bedrooms | Bathrooms | Sqft |
| 16250 PACIFIC HWY #54 | CONDO | 154,900 | 1 | 1 | 841 |
| 4405 THUNDER VISTA LN | CONDO | 275,000 | 2 | 2.5 | 1922 |
| 235 CERVANTES | CONDO | 329,000 | 2 | 2 | 1100 |
| 12802 BOONS FERRY RD | CONDO | 339,000 | 3 | 2.5 | 1454 |
| 4226 WOODSIDE CIR | ATTACHED | 339,900 | 3 | 2 | 1578 |
| 14752 DAVIS LN | ATTACHED | 445,000 | 3 | 2.5 | 1954 |
| 55 NORTHSHORE RD #4 | CONDO | 474,500 | 2 | 2 | 1554 |
| 17280 WESTVIEW DR | DETACHED | 487,000 | 3 | 3 | 2324 |
| 9 FALSTAFF ST | DETACHED | 509,000 | 4 | 2.5 | 2436 |
| 5063 CENTERWOOD ST | DETACHED | 519,000 | 4 | 3 | 2094 |
| 1273 ROCKINGHORSE LN | DETACHED | 575,000 | 3 | 2.5 | 2192 |
| 2215 FERNWOOD CIR | DETACHED | 599,000 | 4 | 3 | 2640 |
| 2 WALKING WOODS DR | DETACHED | 629,000 | 4 | 3 | 4116 |
| 15837 ALLISON PL | DETACHED | 679,000 | 4 | 2.5 | 3534 |
| 37 DA VINCI ST | DETACHED | 699,900 | 4 | 2.5 | 2152 |
| 17440 BLUE HERON RD | DETACHED | 719,000 | 3 | 3 | 2549 |
| 17433 BROOKHURST DR | DETACHED | 749,000 | 5 | 4.5 | 4002 |
| 14113 AMBERWOOD DIR | DETACHED | 749,000 | 4 | 2.5 | 3514 |
| 599 7TH ST | DETACHED | 800,000 | 4 | 3 | 2468 |
| 17454 CANAL CIR | DETACHED | 805,000 | 3 | 2.5 | 2475 |
| 5440 SOUTHWOOD DR | DETACHED | 809,000 | 4 | 2.5 | 3470 |
| 637 3RD ST | ATTACHED | 837,000 | 3 | 2.5 | 2643 |
| 625 3RD ST | ATTACHED | 837,000 | 3 | 2.5 | 2643 |
| 5051 LAKEVIEW BLVD | DETACHED | 949,800 | 4 | 3.5 | 3355 |
| 4112 ORCHARD WAY | DETACHED | 950,000 | 5 | 4 | 4190 |
| 4120 CANAL RD | DETACHED | 1,150,000 | 4 | 3.5 | 4104 |
| 2445 GLENMORRIE DR | DETACHED | 1,385,000 | 5 | 5 | 5106 |
Pending Sales (Sept 14-Sept 20, 2015)
| Address | Type | Price | Bedroom | Bathrooms | DOM |
| 100 KERR PKWY | CONDO | 144,900 | 2 | 2 | 3 |
| 86 KINGSGATE RD D105 | CONDO | 159,900 | 2 | 2 | 5 |
| 17 CRESTFIELD CT | CONDO | 163,000 | 2 | 1 | 0 |
| 5052 FOOTHILLS DR F | CONDO | 220,000 | 3 | 2 | 2 |
| 4343 BEASLEY WAY | DETACHED | 250,000 | 2 | 2 | 7 |
| 1638 BOCA RATAN DR | ATTACHED | 269,500 | 3 | 1.5 | 19 |
| 1325 BONNIEBRAE DR | ATTACHED | 274,900 | 3 | 2 | 2 |
| 18561 SW KRISTI WAY | DETACHED | 349,000 | 3 | 2.5 | 1 |
| 18690 DON LEE WAY | DETACHED | 350,000 | 3 | 2 | 8 |
| 25 ORIOLE LN | DETACHED | 439,975 | 3 | 2 | 32 |
| 39 NOVA CT | DETACHED | 539,000 | 4 | 2.5 | 4 |
| 4403 OAKRIDGE RD | ATTACHED | 539,000 | 3 | 2.5 | 0 |
| 4926 MULHOLLAND DR | ATTACHED | 550,000 | 3 | 2.5 | 1 |
| 207 EVERGREEN DR | ATTACHED | 582,000 | 3 | 3.5 | 37 |
| 13265 FOX RUN | DETACHED | 625,000 | 4 | 2.5 | 3 |
| 49 BRIARWOOD RD | DETACHED | 650,000 | 3 | 2 | 5 |
| 240 MARYLVIEW CT | DETACHED | 739,000 | 4 | 2.5 | 24 |
| 17766 MARYCREEK DR | DETACHED | 749,000 | 4 | 3.5 | 68 |
| 13084 KNAUS RD | DETACHED | 799,000 | 4 | 2.5 | 45 |
| 1874 GLENMORRIE TER | DETACHED | 850,000 | 3 | 3 | 295 |
Sold/Closed (Sept 14-Sept 20, 2015)
| Address | Type | List Price | Close Price | Sqft | DOM |
| 47 EAGLE CREST DR #14 | CONDO | 100,000 | 87,500 | 666 | 105 |
| 44 EAGLE CREST DR #10 | CONDO | 93,900 | 90,000 | 798 | 56 |
| 4045 JEFFERSON PKWY | CONDO | 230,000 | 230,000 | 1182 | 3 |
| 5061 FOOTHILLS DR E | CONDO | 209,900 | 231,500 | 991 | 3 |
| 4433 THUNDER VISTA LN | CONDO | 274,900 | 278,000 | 1980 | 50 |
| 39 CONDOLEA CT | CONDO | 375,000 | 347,500 | 2198 | 39 |
| 147 KINGSGATE RD | DETACHED | 349,900 | 350,600 | 1120 | 20 |
| 523 2ND ST #105 | CONDO | 489,000 | 459,000 | 1208 | 20 |
| 13951 SHIREVA CT | DETACHED | 499,900 | 489,000 | 2185 | 117 |
| 1161 UPPER DEVON LN | DETACHED | 560,000 | 525,000 | 2265 | 420 |
| 18121 PIONEER CT | DETACHED | 550,000 | 550,000 | 2310 | 5 |
| 4004 MELISSA DR | DETACHED | 625,000 | 600,000 | 2865 | 133 |
| 1545 CLOVERLEAF RD | DETACHED | 640,000 | 600,000 | 2723 | 37 |
| 18117 WESTMINSTER DR | DETACHED | 675,000 | 690,000 | 3233 | 1 |
| 13852 AMBERWOOD CIR | DETACHED | 775,000 | 740,000 | 3032 | 17 |
| 14360 UPLANDS | DETACHED | 849,000 | 837,000 | 2577 | 31 |
| 3950 EDENS EDGE DR | DETACHED | 1,149,850 | 1,075,000 | 4427 | 45 |
| 3967 CANAL RD | DETACHED | 1,199,800 | 1,100,000 | 3875 | 36 |
| 400 D AVE | DETACHED | 1,239,000 | 1,150,000 | 4000 | 22 |
| 401 9TH ST | DETACHED | 1,590,000 | 1,275,000 | 4288 | 138 |
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.
I think we all realize that after the debacle of the housing bubble and melt-down of the mortgage industry in 2007 some major changes needed to happen. I have seen 2 implemented already and a 3rd is just about to be rolled out.
The first two were 1) tighter lending regulations that force a buyer to actually prove that they are qualified for a mortgage, and 2) tighter appraisal regulations that force appraisers to factually prove the value of a house.
The 3rd is designed to protect the mortgage borrower. Essentially what it does is it forces lenders to be accurate from the beginning so that a borrower does not run into any surprises at closing. It also builds in waiting periods so that a borrower has time to reflect upon the costs of their new mortgage and not be pressured into a loan that will not serve them well.
The first deadline occurs when a loan application is made. Within 3 days of the application the borrower(s) must receive a Loan Estimate, coming to be called an “LE”. Then, 3 days prior to signing their loan documents the borrower(s) must receive a Closing Disclosure, coming to be called a “CD”. The costs comparing the 2 documents must be within 1/8th (.0125) of the APR, annual percentage rate. If there is an overage, it is the fault of the lender and must be paid by the lender. This way the borrower is not going to be 
surprised by unexpected loan costs and their experience should be less stressful.
Be aware that this system is going to create delays in closing on a purchase.
The biggest issue is that changes happen in a transaction. The sales price might change as a result of repair issues, the borrower may decide they want a different loan product, any number of changes can happen. In the past when this happened the loan application could simply be modified. There was lots of flexibility in the process. With the new regulations when this happens now essentially a new loan is applied for and the waiting periods begin again.
It is normal when you are buying a home to be excited to get into it. It is especially normal when selling a home to want to close as quickly as you can to know it is final and to receive your proceeds. Closing in 30-45 days has been the practice. With the new guidelines I believe closings will take at least an additional week or two. So plan on closings in 45-60 days, if not more.
The other issue is that mortgage companies and banks are being given all of the same regulations but are being allowed to determine their own methods for implementing them. It is very specific that both the LE and the CD go to all parties. I learned in a recent class I took on the matter that some of the larger lenders are thinking about using the US Postal service to send the notifications. Seriously? What if one of the parties is out of the country? Talk about creating delays. Flexibility will be the name of the game as these changes are implemented.
As a buyer and as a seller, please avoid the blame game. If these new regulations do create delays, don’t blame the other party to the transaction. They have no control over this and there are going to be kinks as Realtors, Title Companies, and Mortgage Companies implement systems and iron out the kinks.
Last, if you happen to have a home that is at least 3200 square feet, newer, with at least a 3 car garage that you want to sell here in LO, call me! I have a buyer who has seen everything out that and is chomping at the bit!
Dianne