A Guide to Lake Oswego Real Estate and Community
Dianne,  Linda & Whitney

Brought to you by Dianne Gregoire, Linda Rossi and Whitney Gregoire, brokers with Oregon First, a professional real estate company licensed with the Oregon Real Estate Agency.

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Happy Father's Day!

We here at the blotter want to wish you a very happy Father’s Day. Dad’s are pretty special. Both Linda and I have lost our fathers and we miss them dearly. So whether you have your Dad to hug today, or if he is a spark in your heart, we hope you are enjoying your Dad and your memories of him.
Dianne

Market Activity June 5-11, 2017

Our Market is moving right along. I’m going to step out on a limb here and give my opinion that this year is just a bit slower than last year. Don’t get me wrong, it is still a seller’s market, but it is just not quite as intense, in my opinion. Last week in Lake Oswego we had 28 houses come onto the market as new listings, 22 houses go into pending status, and 19 become closed sales. A year ago, my memory is that the new listings were nearly identical with the pendings happening at the same pace as the listings coming onto the market. Time will tell if I am correct. Right now its the numbers and also a bit of my “Realtor sense”.

Following is the breakdown for you according to RMLS:

New on the Market (June 5-11, 2017)

Address Type Price BR Baths Sq Ft
86 Kingsgate Rd A204 Condo $188,000 2 2 849
73 Oswego Summit Condo $229,900 2 2 1212
16200 Pacific Hwy #15 Condo $329,900 2 2 1190
5064 Foothills Dr #17 Condo $349,900 3 2 1252
17226 Marjorie Ave Detached $499,000 3 2 1782
19060 Indian Springs Cir Detached $524,000 3 2 1355
1311 Pine St Detached $550,000 3 3 2150
4 Icarus Loop Detached $585,000 4 2.5 2743
16064 Waluga Dr Detached $600,951 7 3 2550
802 Clara Ct Detached $609,900 4 3 2815
6236 Wayzata Ct Detached $639,000 4 2.5+.5 $2,752
5807 Ridgetop Ct Detached $700,000 5 2.5 2610
6081 Clairmont Ct Detached $710,000 4 2.5 2680
762 Maple St Detached $715,000 3 2.5 2340
21 Westridge Dr Detached $719,900 4 2.5 3202
19067 Megan Pl Detached $824,900 4 3 3400
17549 Oak Meadow Ln Detached $835,000 4 3 3407
5366 Rosalia Way Detached $915,000 5 3.5 3579
3325 Cedar Ct Detached $1,049,000 4 2.5 3500
3555 Lake Grove Ave Detached $1,200,000 4 2.5 3433
3519 Lake Grove Ave Detached $1,249,000 4 2.5 3119
13561 Goodall Rd Detached $1,250,000 3 2 2484
718 Maple St Detached $1,349,000 4 2.5 4023
830 Cabana Ln Detached $1,475,000 4 3.5 3029
13575 Goodall Rd Detached $1,495,000 4 5.5 4271
18099 Green Bluff Dr Detached $1,595,500 4 3.5 5023
13877 Amberwood Cir Detached $1,699,000 4 4.5 5851
1066 Northshore Rd Detached $3,895,000 4 5.5 4169

Pending Sales (June 5-11, 2017)

Address Type Price BR Baths Sq Ft CDOM
44 Eagle Crest Dr #17 Condo $159,900 1 1 798 3
1819 Boca Ratan Dr Attached $335,000 3 2 1405 5
1033 Hallinan St Detached $389,000 3 1 936 49
19242 Terry Ave Detached $479,900 4 2 1872 5
2235 Fernwood Circle Detached $495,000 3 2 2746 7
12537 SW 27th Pl Detached $499,500 4 2.5 2464 4
17268 Fernwood Dr Detached $528,800 3 2 2086 4
19026 Indian Springs Rd Detached $570,000 5 3 2971 4
1988 Mapleleaf Rd Detached $575,000 3 1.5 1522 0
9 Falstaff St Detached $625,000 4 2.5 2436 103
128 Church St Detached $629,000 3 2 1924 157
19158 Terry Ave Detached $679,000 4 3 2424 4
18034 Westview Dr Detached $699,900 4 2.5 3562 43
2964 Overlook Dr Detached $700,000 5 2.5 3731 3
19524 River Run Dr Detached $725,000 4 2.5 2630 3
4707 Hastings Pl Detached $765,000 5 3.5 3025 7
17517 Oak Meadow Ln Detached $799,950 4 2.5 2952 2
570 Middlecrest Rd Detached $815,000 3 2 2213 3
17364 Bryant Rd Detached $819,000 5 3.5 3043 3
2375 Fernwood Cir Detached $899,900 4 3.5 4183 23
4047 Westbay Rd Detached $1,275,000 4 2 2493 7
853 G Ave Detached $1,800,000 4 3.5 4423 18

Sold/Closed (June 5-11, 2017)

Address Type List Price Sold Price Sq Ft CDOM
48 Eagle Crest Dr 3E Condo $187,500 $170,000 1545 201
15479 Brianne Ct Attached $299,900 $285,000 1,204 24
19 Block Terrace Attached $365,000 $370,000 1,527 2
34 Wheatherstone #17 Attached $375,000 $375,000 1692 2
4454 Thunder Vista Ln Condo $379,900 $383,000 1894 36
19101 Redwing Ct Detached $549,900 $541,000 1434 8
5750 Washington Ct Detached $599,000 $549,900 2238 182
5 Grouse Terrace Detached $579,000 $555,000 2527 28
131 Wilbur St Detached $625,000 $625,000 1312 0
4199 Fruitwood Ct Detached $649,500 $649,500 2230 1
18461 Waxwing Circle Detached $649,900 $660,000 3109 3
4182 Glacier Lily St Detached $748,000 $665,000 2799 107
5536 Kilchurn Ave Detached $699,900 $704,000 2550 4
5710 Southwood Dr Detached $720,000 $709,000 2581 5
5780 Childs Rd Detached $750,000 $755,000 2770 21
4265 Albert Circle Detached $792,000 $773,000 3067 205
5335 Carman Grove Ln Detached $810,000 $820,000 2505 13
909 Cumberland Pl Detached $825,000 $825,000 2702 0
4323 Sunset Dr Detached $1,389,000 $1,438,840 3930 3

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 29-June 4, 2017

Last week saw 15 New properties enter the market in Lake Oswego, 22 move to Pending status, and 26 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (May 29-June 4, 2017)

Address List Price # Beds # Baths Total SF Prop Type
210 RIDGEWAY RD #13B $249,900 1 1 778 CONDO
668 MCVEY AVE #55 $289,900 1 1 636 CONDO
210 S STATE ST #7 $315,000 2 2 1284 CONDO
1232 CORNELL ST $365,000 3 1 1536 DETACHD
16538 CARNEGIE AVE $429,900 3 2 1182 DETACHD
836 OAK ST $540,000 3 3 2856 DETACHD
17610 WESTVIEW DR $550,000 6 3 2868 DETACHD
5105 ROSEWOOD ST $629,000 4 2 1848 DETACHD
6 MONTICELLO DR $675,000 3 3 3020 DETACHD
18470 RAY RIDGE DR $800,000 4 2.1 3902 DETACHD
18440 DELENKA LN $869,000 4 3.1 4668 DETACHD
14167 TAYLORS CREST LN $948,000 4 2.1 3675 DETACHD
15804 ALLISON PL $1,049,000 4 2.1 3751 DETACHD
4047 WESTBAY RD $1,275,000 4 2 2705 DETACHD
16661 PHANTOM BLUFF CT $3,995,000 5 5.1 5371 DETACHD

PENDING SALES (May 29-June 4, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWYb #49 $158,900 2 1.1 823 CONDO 5
210 S STATE ST #1 $365,000 2 1.1 1767 CONDO 10
117 3RD ST #117 $448,000 2 2 1056 CONDO 7
568 2ND ST $475,000 2 2.1 1395 ATTACHD 76
1108 CEDAR ST $489,900 3 1.1 1206 DETACHD 11
5189 TREE ST $524,900 3 2 1470 DETACHD 49
16998 SUMMER PL $609,900 4 2.1 2448 DETACHD 4
2405 DELLWOOD DR $624,500 5 3 2336 DETACHD 6
4865 SAGE HEN WAY $635,000 4 2.1 2323 DETACHD 25
9 DEL PRADO ST $689,900 4 3 2930 DETACHD 3
3355 UPPER DR $699,000 4 2 3126 DETACHD 76
14313 AMBERWOOD CIR $699,900 3 2 2343 DETACHD 32
496 10TH ST $825,000 4 2 1854 DETACHD 27
4991 CASCARA LN $825,000 4 3.1 3648 DETACHD 7
2886 UPPER DR $848,900 4 3 2498 DETACHD 13
2764 RIVENDELL RD $899,900 5 2.1 3451 DETACHD 15
5349 CARMAN GROVE LN $899,900 4 3 2847 DETACHD 41
4081 PFEIFER CT $949,900 5 3.1 4078 DETACHD 54
4665 FIRWOOD RD $969,000 3 2.1 2541 DETACHD 2
1120 HOODVIEW LN $1,089,000 4 3 3909 DETACHD 110
975 ENGLEWOOD DR $1,275,000 5 3.1 4024 DETACHD 13
4300 HAVEN ST $1,299,000 4 3.1 4312 DETACHD 212

SOLD (May 29-June 4, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
111 Oswego Summit #111 $195,500 $206,700 1 1 764 CONDO 21
668 MCVEY AVE #43 $219,000 $219,000 1 1 636 CONDO 4
5056 FOOTHILLS DR #58 $339,900 $339,400 2 2 1252 CONDO 7
5053 FOOTHILLS DR #F $365,000 $374,000 3 2 1252 ATTACHD 15
1410 SPRUCE ST $439,900 $457,900 3 2 1242 DETACHD 2
16500 LEXINGTON CT $550,000 $540,000 2 2 1688 DETACHD 7
56 AQUINAS ST $529,000 $540,000 4 3 2119 DETACHD 10
4967 BILFORD LN $545,000 $560,000 2 2 1753 DETACHD 6
2401 MAYORS LN $595,000 $565,000 3 3 3004 DETACHD 32
17085 CHAPIN WAY $619,900 $575,000 3 3 3330 DETACHD 20
1475 LABURNUM WAY $549,000 $605,000 3 2.1 1748 DETACHD 3
46 DA VINCI ST $659,900 $629,000 4 3 3378 DETACHD 34
1264 HIDE A WAY LN $642,000 $642,000 4 2.1 2674 DETACHD 0
5923 BAY POINT DR $650,000 $650,000 4 3 1763 DETACHD 0
5656 LA MESA CT $729,950 $665,000 4 3 2748 DETACHD 214
2485 MARYLSHIRE LN $649,900 $665,000 3 3 2844 DETACHD 5
17020 CHAPIN WAY $675,000 $675,000 4 3 3258 DETACHD 60
1411 CHERRY CREST DR $728,000 $699,900 8 4.3 3155 DETACHD 21
524 WEIDMAN CT $819,000 $800,000 4 2.1 3450 DETACHD 21
17024 CANAL CIR $620,000 $850,000 3 1 1267 DETACHD 645
17448 OAK MEADOW LN $799,900 $850,000 4 2.1 3427 DETACHD 4
203 RIDGEWAY RD $999,000 $927,500 4 3.1 3624 DETACHD 646
17577 BROOKHURST DR $995,000 $995,000 4 2.1 3894 DETACHD 6
4230 SUNSET DR $1,200,000 $1,175,000 4 2.1 3250 DETACHD 14
148 5TH ST $1,525,000 $1,441,419 4 3.1 3540 DETACHD 119
18000 EASTRIDGE LN $1,750,000 $1,700,000 4 4.1 5610 DETACHD 69

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 May 22nd - May 28th, 2017

Hey all,
Gosh it has been so nice out. I hope everybody has had a safe and fun Memorial Day!
We are seeing so many houses hit the market it is crazy. Lots of condos selling rather quickly too.

Following is the breakdown for you according to RMLS:

New on the Market (May 22nd – May 28th, 2017)

Address Type Price Bedrooms Bathrooms Sqft
100 KERR PKWY #49 CONDO 158,900 2 1.5 823
154 OSWEGO SMT Blg22 CONDO 274,500 2 2 1506
210 S STATE ST #1 CONDO 365,000 2 1.5 1767
10 GREENRIDGE CT ATTACHED 379,000 3 1.5 2063
18179 PILKINGTON RD DETACHED 399,950 3 2 1290
117 3RD ST #117 CONDO 448,000 2 2 1056
4 PEACOCK PL DETACHED 450,000 3 2.5 1980
18565 LONGFELLOW AVE DETACHED 495,000 3 2 1430
14424 DORIS AVE DETACHED 589,000 4 1.5 1700
86 TANGLEWOOD DR DETACHED 619,000 4 3 3192
2405 DELLWOOD DR DETACHED 624,500 5 3 2336
4467 THUNDER VISTA LN CONDO 689,900 3 3.5 4494
3355 UPPER DR DETACHED 699,000 4 2 3126
18462 PIONEER CT DETACHED 789,000 5 3 3804
5322 CARMAN GROVE LN DETACHED 820,000 3 2.5 2615
15713 TARA PL DETACHED 834,900 4 2.5 3442
1699 VILLAGE PARK LN DETACHED 985,000 3 2.5 3342
18336 WESTVIEW DR DETACHED 999,999 4 4 4410
4 DOVER WAY DETACHED 1,000,000 5 2.5 3962
1923 MAPLELEAF CT DETACHED 1,200,000 4 2.5 3560
975 ENGLEWOOD DR DETACHED 1,275,000 5 3.5 4024
2135 RIDGE POINTE DR DETACHED 1,796,000 5 4.5 6755
853 G AVE DETACHED 1,800,000 4 3.5 4423
13705 KNAUS RD DETACHED 1,995,000 4 3.5 5251
916 LAKE SHORE RD DETACHED 2,195,000 4 3.5 4180

Pending Sales (May 22nd – May 28th, 2017)

Address Type Price Bedroom Bathrooms DOM
6930 SW MONTAUK CIR CONDO 197,000 2 1 8
163 OSWEGO SMT CONDO 254,900 2 2 13
4469 GOLDEN LN CONDO 319,000 2 2.5 38
1666 BOCA RATAN DR ATTACHED 355,000 4 2 7
15 BRITTEN CT ATTACHED 399,900 3 2.5 5
1010 HALLINAN ST DETACHED 449,900 3 1.5 4
1677 GLENMORRIE DR DETACHED 524,900 3 1.5 24
1710 MEADOWS DR DETACHED 545,000 3 2 4
1508 CEDAR ST DETACHED 547,000 4 2 1
1991 WEMBLEY PL DETACHED 589,000 4 2 36
131 WILBUR ST DETACHED 625,000 2 2 0
5028 GREENSBOROUGH CT DETACHED 629,900 4 2.5 4
19 WESTRIDGE DR DETACHED 649,100 4 3 283
5923 BAY POINT DR DETACHED 650,000 4 3 0
10 BUCKINGHAM TER DETACHED 674,900 4 3 26
654 1ST CONDO 729,000 2 2.5 16
1403 GREENTREE CIR DETACHED 794,900 5 4.5 72
5228 LOWER DR DETACHED 795,000 4 2.1 30
637 3RD ST ATTACHED 799,000 3 2.5 621
5088 WOODCREST LN DETACHED 814,500 4 2.5 4
2375 FERNWOOD CIR DETACHED 899,900 4 3.5 6
725 OAK MEADOW CT DETACHED 1,074,500 4 2.5 27
1443 COUNTRY COMMONS DETACHED 1,189,000 3 2.5 4
404 FAIRMONT RD DETACHED 1,395,000 4 3.5 287
1251 FOREST MEADOWS WAY DETACHED 1,575,000 4 3.5 11
18332 MEADOWLARK LN DETACHED 1,675,000 6 5 288
705 TERRACE DR DETACHED 2,395,000 4 3.5 27

Sold/Closed (May 22nd – May 28th, 2017)

Address Type List Price Close Price Sqft DOM
48 EAGLE CREST DR CONDO 224,900 202,000 1370 26
200 BURNHAM RD CONDO 285,000 291,000 1328 13
5907 KENNY ST DETACHED 235,000 316,600 1236 3
668 MCVEY AVE CONDO 349,900 341,000 852 40
4968 SUNTREE LN ATTACHED 425,000 429,000 1680 12
16393 KIMBALL ST DETACHED 475,000 450,000 1522 52
16650 LAKE FOREST BLVD DETACHED 479,000 507,000 1646 2
19201 SW RED WING CT DETACHED 514,900 520,000 2471 1
4588 FORWPPD RD DETACHED 569,000 569,000 2436 2
4913 HASTINGS DR DETACHED 563,000 610,000 2280 26
980 C AVE DETACHED 625,000 625,000 1317 0
960 BULLOCK ST DETACHED 649,900 649,900 3200 3
18247 MORIA CT DETACHED 664,950 650,000 2791 8
5919 BAY POINT DR DETACHED 660,000 660,000 2652 4
13876 PROVINCIAL HILL DR DETACHED 725,000 675,000 2798 57
2397 HILLSIDE LN DETACHED 739,000 750,000 2950 8
586 WEIDMAN CT DETACHED 850,000 849,000 3796 4
15963 BONAIRE AVE DETACHED 858,000 868,000 4050 43
50 BECKET ST DETACHED 915,000 901,000 4162 10
2301 WEMBLEY PARK RD DETACHED 1,269,900 1,385,913 3665 0
129 FURNACE ST CONDO 1,798,000 1,775,000 4911 33

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.

Take Asbestos Seriously

Asbestos Crystal

This post is prompted by an article I read this morning in this week’s Lake Oswego Review. A woman on Weatherstone in Mountain Park started a home renovation project last June. She removed 1300 square feet of asbestos ceilings without taking proper care for its containment. The DEQ inspected the sight on July 8, 2016 and found asbestos debris inside of the house, on clothing, personal belongings, the heat register, and outside of the house on the porch, walkway, and mulched perimeter. This woman has now been fined $31,200.

That’s a lot of money. And all because she was likely trying to save money on the project by either doing it herself of by hiring an unlicensed contractor. Some savings.

Pipe wrapped in asbestos

Asbestos is nasty stuff. It is a naturally occurring silicate mineral that is made up of fibrous crystals. It is strong, insulates well, and is fire resistant. Because of the nature of the material it was wildly popular in home construction for years.

Where it is a hazard is if it is torn or worn to allow the fibrous crystals to become dust in the air that you can then breathe in. Those little crystals get into your lungs and get stuck. You can not cough them out. They stay in your lungs for years and years continually irritating the area until they can become cancer.

Think about what this lady did. She had the particles all over her house, inside and out, on heat registers where they would be additionally blown about and circulated. There is no way that she hasn’t exposed herself to breathing that stuff in, along with everyone else in the house hold. It’s just plain stupid, stupid, stupid.

About 3 years ago I sold a house that had asbestos popcorn ceilings. I had the home owner have them professionally removed prior to putting the house up for sale because the ceilings were visibly damaged. It was about 1000 square feet, and as I recall it cost $4000. This was removing the old ceiling and then texturing and painting a new ceiling. There is not so much money involved here that could possibly make improper removal even a tempting option. Just. Don’t. Do. It.

Stay safe and be smart,
Dianne

Market Activity May 15-21, 2017

We are having just outstanding weather with mild sunny days, lots of blue sky, and gardens that are in full bloom. May and June in Oregon is hard to beat. This is also the time of year when our real estate market really heats up. My theory, along with wanting to move during the summer break, is that people want to identify the house they are moving to before their vacation plans complicate the timing. So it is a great time to be both buying and selling. This is reflected in last week’s market activity where Lake Oswego saw 29 properties come onto the market as new listings, 26 properties go into pending status and 19 properties that sold/closed.

Following is the breakdown for you according to RMLS:

New on the Market (May 15-21, 2017)

Address Type Price BR Baths Sq Ft
6930 Montauk Circle Condo $197,000 2 1 924
48 Eagle Crest Dr 1B Condo $339,000 3 2 1538
1666 Boca Ratan Dr Attached $355,000 3 2 1611
15 Britten Ct Attached $399,900 3 2.5 1972
1108 Cedar St Detached $489,900 3 1.5 1206
1710 Meadows Dr Detached $545,000 3 2 1677
12729 19th Ave Detached $549,900 4 2 2700
84 Greenridge Ct Attached $570,000 4 2.5 2868
5028 Greensborough Ct Detached $629,900 4 2.5 2358
13731 Provincial Hill Dr Detached $635,000 3 2.5 2262
1258 Hida A Way Ln Detached $775,000 7 3.5 4219
5088 Woodcrest Ln Detached $814,500 4 2.5 3183
2886 Upper Dr Detached $848,900 4 3 2498
171 5th St Detached $875,000 3 1 1910
2764 Rivendell Rd Detached $899,900 5 2.5 3451
2375 Fernwood Circle Detached $899,900 4 3.5 4183
481 Iron Mountain Blvd Detached $929,000 4 2.5+.5 3859
18125 Pilkington Rd Detached $1,065,000 4 3 3229
14750 Uplands Dr Detached $1,100,000 4 3 3387
1443 Country Commons Detached $1,189,000 3 2.5 3385
17436 Kelok Rd Detached $1,198,000 4 2.5 3054
19177 Hill Top Rd Detached $1,199,000 5 3.5 4692
892 8th St Detached $1,200,000 4 3.5 2800
4190 Chapman Way Detached $1,250,000 4 3.5 3553
740 7th St Detached $1,395,000 7 7 5431
18639 Pilkington Rd Detached $1,495,000 4 4 4148
1655 Leslie Ln Detached $1,750,000 4 3.5 4800
16938 Alder Circle Detached $1,950,000 4 3.5 3241
2430 Summit Ct Detached $2,300,000 3 3 2911

Pending Sales (May 15-21, 2017)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #20 Condo $115,000 1 1 617 9
332 Cervantes Circle Condo $184,900 2 1 832 40
6928 Montauk Circle Condo $235,000 2 1 924 0
7210 Childs Rd Condo $339,000 3 2 1542 989
16681 Lake Forest Blvd Detached $375,000 3 1 936 2
4268 Woodside Circle Attached $375,000 4 2 1944 28
1709 Aspen Ct Detached $395,000 3 2 1559 7
1033 Hallinan St Detached $395,000 3 1 936 28
870 Lake Forest Dr Detached $450,000 4 2 1808 1
18851 Indian Springs Circle Detached $480,000 3 2 1903 0
13206 Vermeer Dr Detached $489,000 4 2 2095 16
3711 Wren St Detached $529,000 3 2 1704 14
11 Morningview Circle Detached $585,585 3 2.5 2845 43
1641 Devon Ln Detached $589,000 3 2.5 2013 67
2442 Palisades Crest Dr Detached $599,900 4 2.5 2707 9
17071 Rebecca Ln Detached $599,900 3 3 2278 107
2272 Park Rd Detached $675,000 4 3 2325 19
2255 Greentree Rd Detached $675,000 3 2.5 2709 4
41 Churchill Downs Detached $679,000 4 3.5 2763 5
3355 Upper Dr Detached $725,000 4 2 3126 63
5228 Lower Dr Detached $795,000 4 2.5 2712 21
4112 Orchard Way Detached $969,000 5 4 4153 8
3151 Alber Spring Ct Detached $999,950 5 3.5 3802 29
3938 Edens Edge Dr Detached $1,019,000 4 3.5 3882 36
16001 Parelius Circle Detached $1,225,000 5 2.5 4309 13
401 9th St Detached $1,299,000 4 3.5 4288 240

Sold/Closed (May 15-21, 2017)

Address Type List Price Sold Price Sq Ft CDOM
47 Eagle Crest Dr #11 Condo $179,900 $179,000 932 7
750 1st St #E28 Condo $199,950 $197,000 902 4
200 Burnham Rd #400 Condo $210,000 $208,000 968 2
33 Eagle Crest Dr #36 Condo $189,900 $211,000 908 14
50 Oswego Summit Condo $199,900 $222,500 752 2
200 Oswego Summit Condo $230,000 $232,000 1383 3
1602 Bonniebrae Dr Attached $275,000 $272,500 864 7
32 Greenridge Ct Condo $309,899 $353,000 1996 107
17901 Tualata Ave Detached $347,000 $355,000 912 3
5463 Tree St Detached $485,000 $475,000 1460 107
1658 Greentree Rd Detached $479,000 $479,080 2394 40
3211 Royce Way Detached $499,900 $509,900 2395 32
1032 Laurel St Detached $535,000 $540,000 2426 3
1662 Worthington St Detached $599,999 $620,000 2116 7
16038 Reese Rd Detached $729,900 $700,000 3189 48
13276 Deerfield Ct Detached $775,000 $775,000 3066 0
15199 Lily Bay Ct Detached $878,000 $865,000 2696 19
16672 Fir Ln Detached $1,238,000 $1,190,000 4179 98
4394 Lords Ln Detached $1,350,000 $1,325,000 3748 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.

News & Notes ~ April Data

Here is your look at the most recent data for the entire Portland area and how Lake Oswego fits in to this picture below:

  • According to the RMLS Market Action Report for the Portland Metro Area, April, 2017:
    • There were 3,579 New Listings in April 2017 which was down 7.9% from April of 2016’s 4,082, but UP 4.3% from March of 2017’s total of 3,604.
    • At 2,219, April Closed Sales were down 15% from April 2016’s 2,611, and also down 11% over the previous month/March 2017’s total of  2,494.
    • April Pending Sales (accepted offers), at 3,088 fell 10% from April of 2016’s 3,432, but were UP 1.5% from the previous month/March 2017’s total of 3,043.
    • The Average Sale Price in April of $428,800 was up $31,100 from April 2016’s $397,700, and showed hardly any change from March 2017’s $428,400.                      
                            April Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $410,000                          11.6%
  • NE Portland:  $455,700                               10.7%
  • SE Portland:  $404,000                                11.0%
  • Gresham/Troutdale:   $324,700                 12.5%
  • Milwaukie/Clackamas:   $415,600             10.7%
  • Oregon City/Canby:   $398,400                    8.6%
  • Lake Oswego/West Linn:    $623,300          9.6%
  • West Portland:    $598,400                         14.0%
  • NW Washington County:    $549,400          10.6%
  • Beaverton/Aloha:     $360,900                   10.9%
  • Tigard/Wilsonville:    429,420                     7.1%
  • Hillsboro/Forest Grove:    $384,200          13.3%

The combined areas of Lake Oswego and West Linn  for the month of April 2017 reported:

    •  318 Active Listings   
    •  252 New Listings     
    •  185Pending Sales   
    •  112 Closed Sales  
    • Average Sale Price for April: $623,300  
      • 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: 68 Days   

 

Market Activity ~ May 8-14, 2017

Last week saw 20 New properties enter the market in Lake Oswego, 32 move to Pending status, and 18 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (May 8-14, 2017)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY #20 $115,000 1 1 617 CONDO
163 OSWEGO SMT / Upper $254,900 2 2 1506 CONDO
1709 ASPEN CT $395,000 3 2 1559 DETACHD
17635 DEEMAR WAY $449,900 3 2 1488 DETACHD
23 FALSTAFF ST $520,000 3 2 1434 DETACHD
2255 Greentree RD $675,000 3 2.1 2709 DETACHD
41 CHURCHILL DOWNS $679,000 4 3.1 2763 DETACHD
5645 LA MESA CT $699,500 4 3 2668 DETACHD
18295 WESTVIEW DR $699,900 4 2.1 3580 DETACHD
17 MASARYK ST $700,000 4 3 4140 DETACHD
15950 PARKER RD $765,000 5 2.1 2686 DETACHD
16853 SCOTT CT $920,000 5 4 3917 DETACHD
812 COUNTRY CMNS $950,000 4 4 3740 DETACHD
18108 PILKINGTON RD $968,000 3 3.1 4097 DETACHD
1316 CEDAR ST $1,090,000 5 3.1 3140 DETACHD
17367 LAKE HAVEN DR $1,650,000 4 3 4093 DETACHD
2462 SUMMIT DR $1,695,000 3 2.1 3598 DETACHD
17344 CEDAR RD $1,775,000 5 2.1 2831 DETACHD
1051 FOREST MEADOWS WAY $1,850,000 6 3.2 5505 DETACHD
199 FURNACE ST / Upper $1,995,000 3 3.1 5772 CONDO

PENDING SALES (May 8-14, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #126 $183,000 2 2 1000 CONDO 25
750 1ST ST #32 $199,900 1 1 986 CONDO 24
5907 KENNY ST $235,000 3 1.1 1236 DETACHD 3
224 RIDGEWAY RD/Upper $249,900 1 1 700 CONDO 29
5052 FOOTHILLS DR #G $329,900 2 2 1252 CONDO 9
668 MCVEY AVE #76 $344,900 2 1 852 CONDO 40
238 GREENRIDGE DR $354,900 3 2 1514 ATTACHD 8
16860 CORTEZ CT $379,900 3 2 1056 DETACHD 3
14428 HOLLY SPRINGS RD $475,000 3 2.1 1372 DETACHD 17
17653 MARDEE AVE $478,900 3 2 1742 DETACHD 5
937 COUNTRY CLUB RD $484,900 3 1 1990 DETACHD 7
2030 GREENTREE RD $489,900 3 2 1598 DETACHD 6
5189 TREE ST $524,900 3 2 1470 DETACHD 25
1475 LABURNUM WAY $549,000 3 2.1 1748 DETACHD 3
3845 TEMPEST DR $569,000 4 2.1 1931 DETACHD 3
5871 SW BONITA RD $575,000 4 3 2406 DETACHD 268
960 CAPILANO CT $630,000 4 3 2416 DETACHD 49
1004 CUMBERLAND PL $639,000 5 2 3313 DETACHD 21
16695 GLENWOOD CT $650,000 4 3 3060 DETACHD 112
4913 HASTINGS DR $653,000 3 2.1 2280 DETACHD 26
12844 SIERRA VISTA DR $660,000 4 2.1 2592 DETACHD 3
2272 PARK RD $675,000 4 3 2325 DETACHD 14
13876 PROVINCIAL HILL DR $685,000 4 3.1 2798 DETACHD 57
840 BOCA RATAN DR $699,900 4 3.1 3595 DETACHD 283
4896 HASTINGS DR $725,000 4 2.1 2785 DETACHD 1
17739 OVERLOOK CIR $800,000 4 2.1 3391 DETACHD 11
524 WEIDMAN CT $819,000 4 2.1 3450 DETACHD 21
16039 BONAIRE AVE $860,000 3 3 3305 DETACHD 0
15700 TWIN FIR RD $889,000 3 2.1 2731 DETACHD 2
1100 TYNDALL CT $889,500 3 2.1 3142 DETACHD 55
4 Pilkington Road $1,250,000 4 3 3620 DETACHD
14733 Uplands DR $2,195,000 5 5.3 7694 DETACHD 302

SOLD (May 8-14, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #11 $120,900 $106,000 1 1 617 CONDO 48
4 TOUCHSTONE #76 $199,900 $189,000 2 2 984 CONDO 7
29 CRESTFIELD CT / Lower $174,900 $193,000 2 2 995 CONDO 3
168 OSWEGO SMT #23 $199,900 $195,000 2 2 1383 CONDO 64
181 OSWEGO SMT / Upper $237,000 $237,000 2 2 1383 CONDO 12
1233 BOCA RATAN DR $325,000 $325,000 2 2 1393 ATTACHD 4
4756 CARMAN DR $379,000 $387,000 3 1 1455 DETACHD 4
39 AQUINAS ST $525,000 $525,000 2 2.1 1986 DETACHD 4
5966 FROST LN $550,000 $551,375 4 2.1 2036 DETACHD 37
2 DEL PRADO ST $550,000 $560,000 5 4 3287 DETACHD 2
1227 ASH ST $599,900 $590,000 2 2 2151 DETACHD 37
802 SUNNY HILL DR $629,000 $629,000 4 2.1 2508 DETACHD 0
16007 Bonaire ST $867,000 $850,000 3 2.1 2845 DETACHD
5640 MERIDIAN CT $850,000 $850,000 5 3.1 3493 DETACHD 1
13 NANSEN SMT $899,900 $899,000 4 4.1 4625 DETACHD 1340
950 CEDAR ST $993,000 $970,000 4 3.1 3135 DETACHD 417
15536 VILLAGE DR $1,178,000 $1,002,500 5 3 3985 DETACHD 50
15530 DIAMOND HEAD RD $3,398,000 $3,000,000 5 4 6298 DETACHD 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.

Market Activity Report for May 1st - 7th, 2017

Hey everybody!
Hope everybody has had a good week. In the start of May we saw a lot of activity. Many high end houses being sold in this beautiful city of Lake Oswego.
As I was doing the report I noticed that there were some familiar houses. I have now been in real estate long enough to see houses be sold, go active, then be sold again! And the improvements are just gorgeous.

Following is the breakdown for you according to RMLS:

New on the Market (May 1st – 7th, 2017)

Address Type Price Bedrooms Bathrooms Sqft
13206 VERMEER DR DETACHED 499,000 3 2 2095
3711 WREN ST DETACHED 529,000 3 2 1704
1677 GLENMORRIE DR DETACHED 537,500 3 1.5 1296
11 MORNINGVIEW CIR DETACHED 585,585 3 2.5 2845
2442 PALISADES CREST DR DETACHED 599,900 4 2.5 2707
5650 LANGFORD LN DETACHED 600,000 3 3 1873
9 FALSTAFF ST DETACHED 625,000 4 2.5 2436
4865 SAGE HEN WAY DETACHED 635,000 4 2.5 2323
1798 KILKENNY RD DETACHED 675,000 3 2 2323
3707 OLSON CT DETACHED 675,000 4 3 3026
161 C AVE ATTACHED 685,000 2 2.5 1719
1040 UPPER DEVON LN DETACHED 689,000 3 2.5 2640
14313 AMBERWOOD CIR DETACHED 709,900 3 2 2340
654 1ST CONDO 729,000 2 2.5 2140
17323 LAKE HAVEN DR DETACHED 735,000 3 2.5 1864
672 1ST ST CONDO 735,000 2 2.5 1986
2475 GLENMORRIE DR DETACHED 765,000 4 2.5 2960
71 NANSEN SMT DETACHED 789,000 4 2.5 3497
4728 LAKEVIEW BLVD DETACHED 799,900 5 3.5 2838
264 D AVE ATTACHED 799,900 3 2.5 2011
350 6TH ST DETACHED 839,000 4 3 2329
496 10th ST DETACHED 850,000 4 2 1854
5455 LANGFORD LN DETACHED 839,000 4 2.5 3398
731 F AVE DETACHED 975,000 4 2.5 2668
4136 CASEY CT DETACHED 1,099,000 5 3.5 3998
14128 GOODALL RD DETACHED 1,180,000 4 2.5 2960
16001 PARELIUS CIR DETACHED 1,225,000 5 2.5 4309
505 IRON MOUNTAIN BLVD DETACHED 1,495,000 5 4 3015
13571 GOODALL RD DETACHED 1,999,999 4 4.5 5725
14733 UPLANDS DR DETACHED 2,195,000 5 5.5 7694
2493 SOUTHSHORE BLVD DETACHED 3,995,000 5 5.5 7112

Pending Sales (May 1st – 7th, 2017, 2017)

Address Type Price Bedroom Bathrooms DOM
668 MCVEY AVE #43 CONDO 219,000 1 1 4
200 OSWEGO SMT CONDO 230,000 2 2 3
6924 MONTAUK CIR CONDO 235,000 3 2 3
7 ORIOLE LN DETACHED 392,500 3 2.5 4
7190 CHILDS RD DETACHED 450,000 3 2.5 4
5907 FERNBROOK CIR DETACHED 499,900 4 2 6
16809 CORNELL ST DETACHED 535,000 3 3.5 87
4967 BILFORD LN DETACHED 545,000 2 2 6
19101 REDWING CT DETACHED 549,900 3 2 8
5 GROUSE TER DETACHED 565,000 3 2.5 28
15655 TWIN FIR RD DETACHED 575,000 3 2 0
975 SOUTHSHORE BLVD DETACHED 579,995 3 2.5 15
4199 FRUITWOOD CT DETACHED 649,500 3 2 1
2485 MARYLSHIRE LN DETACHED 649,900 3 3 5
5536 KILCHURN AVE DETACHED 699,900 4 2.5 4
5710 SOUTHWOOD DR DETACHED 720,000 4 2.5 5
3520 RED CEDAR WAY DETACHED 730,000 4 2.5 3
17532 OAK MEADOW LN DETACHED 769,000 5 3 4
17448 OAK MEADOW LN DETACHED 799,900 4 2.5 4
5335 CARMAN GROVE LN DETACHED 810,000 4 3.5 13
2508 PALISADES CREST DR DETACHED 845,000 5 3.5 1
13658 PROVINCIAL HILL WAY DETACHED 990,000 5 4 29
915 SKYLAND DR DETACHED 1,275,000 5 5.5 204
18820 GREENBLUFF DR DETACHED 1,395,000 4 4.5 286
17345 BERGIS FARM DR DETACHED 1,479,000 4 3.5 388
1622 LESLIE LN DETACHED 1,495,000 5 3.5 354

Sold/Closed (May 1st – 7th, 2017)

Address Type List Price Close Price Sqft DOM
146 OSWEGO SMT CONDO 229,900 231,500 1212 2
5340 CHINOOK CT DETACHED 450,000 470,000 1862 26
5180 SW DAWN ST DETACHED 498,000 498,000 1448 3
2400 PARK RD DETACHED 583,000 593,000 1962 4
17465 UPPER CHERRY LN DETACHED 645,000 600,000 3856 228
643 4TH ST DETACHED 625,000 625,000 1362 3
5533 KENNY ST DETACHED 700,000 711,000 2900 5
1510 CHERRY CREST DR DETACHED 714,000 714,000 3786 3
5522 ROYAL OAKS DR DETACHED 715,000 715,000 2770 27
17351 CANYON DR DETACHED 699,900 737,500 2944 4
820 BOCA RATAN DR DETACHED 785,000 768,220 2628 263
4036 MELISSA DR DETACHED 789,000 780,000 3118 19
3115 ROSEMARY LN DETACHED 839,900 845,000 3220 6
2657 DELLWOOD DR DETACHED 750,000 850,000 3128 5
749 SOUTHVIEW RD DETACHED 1,250,000 1,215,000 2968 0
17399 CANAL CIR DETACHED 2,395,000 2,300,000 4442 31
120 CABANA POINTE DETACHED 2,300,000 2,300,000 3446 0

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

Earth Advantage Designation

I am pleased to let you know that I have become an Earth Advantage Designated Broker. What does this mean? It means that I have attended and passed a course that gives me this accreditation. I have a very strong personal interest in living my life sustain-ably and making choices based upon being environmentally aware (yes, I used cloth diapers on my children and adore re-usable grocery bags). So this felt like an easy and natural thing to take on. I want to share with you a bit of what I have learned.

Earth Advantage is a third-party organization that is very active here in Oregon. These organizations tend to be regional with about 70 of them around the United States. What they do is set standards that are regionally acknowledged to allow home owners, builders, and Realtors to have a basis of understanding a criteria of environmental sustainability.

Earth Advantage is commonly seen in new construction. Builders long ago learned that building to these standards is popular with home buyers. An Earth Advantage designation on a new home makes that home more competitive as a commodity to be sold. So it not only helps the environment, but it helps the profitability of the home for the builder. An Earth Advantage home must have met sustainability standards that are 15% more stringent than building just to local code requirements. This means the house is built to be energy efficient, it takes into consideration where materials come from, and how materials are disposed of. Did you know that it takes an average of 13 years for the world to recover the resources that go into building a new home?

Earth Advantage designations can also be given to homes that are already built. In fact, the most sustainable home you can buy is one that is already built. You can do improvements to an already built home, think new windows, insulation, water conservation, that will make the existing home come up to modern standards for sustainability. A good place to start is by contacting Energy Trust of Oregon (energytrust.org) and obtaining one of their free energy saver kits. To go straight to the website, click here.

This is going to come into play in a big way, particularly in the City of Portland. Beginning January 1, 2018, selling a house in Portland will require providing a home energy score to prospective purchasers. While this is not going to be required in Lake Oswego, I do believe it is going to raise awareness of houses energy efficiency for consumers, and that we will see buyers of homes in Lake Oswego asking for similar accommodations from sellers.

I think we pretty easily understand the benefits of energy efficiency and sustainability for houses. It saves money, particularly over time. It can be better for our health. And it is environmentally responsible. I think some of the most exciting things you can do when you start to prioritize energy efficiency and sustainability are also just super easy. Did you know that putting in a $10 low-flow shower head can save you about $150 a year? Wrapping your water heater with a $25 insulated blanket can save you $200 a year? Things like light bulbs, programmable thermostats, and smart power strips are inexpensive and give you big pay back.

OK. I’ll get down off of my soap box. I hope you can tell that this is a subject that I really like. Feel free to reach out with questions on this subject. All three of us, Linda, Whitney, and myself, love to hear from you.
Dianne