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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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

Market Activity April 24-30, 2017

Our spring market is moving right along with 18 new listings this past week, 31 pending sales, and 22 closed/sold properties. Only 18 new listings up against 31 pending sales continues to reflect that demand is out pacing supply. Expect to see prices continue to rise in this real estate climate.

Following is the breakdown for you according to RMLS:

New on the Market (April 24-30, 2017)

Address Type Price BR Baths Sq Ft
7190 Childs Rd Detached $450,000 3 2.5 2316
1705 Conifer Dr Detached $499,900 3 1.5 1774
19101 Redwing Ct Detached $549,900 3 2 1434
12 Scarborough Dr Detached $650,000 4 2.5 2966
10 Buckingham Terr Detached $674,900 4 3 3428
2272 Park Rd Detached $675,000 4 3 2325
18034 Westview Dr Detached $715,000 4 2.5 3562
5228 Lower Dr Detached $795,000 4 2.5 2712
17739 Overlook Circle Detached $800,000 4 2.5 3391
810 9th St Detached $829,000 3 2 2417
725 Oak Meadow Ct Detached $1,119,000 4 2.5+.5 3753
426 7th St Detached $1,178,000 4 2.5 3088
1555 Country Commons Detached $1,279,000 3 2.5 4191
4933 Lakeview Blvd Detached $1,295,000 3 3 3988
14711 Uplands Dr Detached $1,375,000 4 4.5 3504
635 Iron Mountain Blvd Detached $1,598,000 5 3.5 4736
705 Terrace Dr Detached $2,395,000 4 3.5 3686
18785 Westview Dr Detached $2,995,000 4 3.5+.5+.5 6008

Pending Sales (April 24-30, 2017)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #11 Condo $120,900 1 1 617 48
86 Kingsgate Rd F202 Condo $164,900 2 2 849 23
29 Crestfield Ct Condo $174,900 2 2 995 3
111 Oswego Summit Condo $195,500 1 1 764 21
216 Cervantes A Condo $220,000 2 1 1336 2
5056 Foothills Dr #58 Condo $339,900 2 2 1252 7
34 Weatherstone #17 Attached $375,000 3 2.5 1692 2
4454 Thunder Vista Ln Condo $379,900 3 3.5 1894 36
1033 Hallinan St Detached $399,900 3 1 936 8
81 Kingsgate Rd Detached $419,500 2 2 1270 13
4968 Suntree Ln Attached $429,000 2 2.5 1680 12
1410 Spruce St Detached $439,900 3 2 1242 2
440 Boca Ratan Dr Detached $499,000 3 2 1932 21
39 Aquinas St Detached $525,000 2 2.5 1986 4
4067 Melissa Dr Detached $599,000 4 2.5 2623 4
19155 Bryant Dr Detached $600,000 4 1.5 1826 20
17085 Chapin Way Detached $619,900 3 3 3330 20
980 C Ave Detached $625,000 3 2 1317 0
1666 Fircrest Dr Detached $638,000 4 3 2817 25
5875 Bay Point Dr Detached $649,000 3 2.5 2511 10
940 Hoodview Ln Detached $649,900 4 2.5 2520 8
960 Bullock St Detached $649,900 3 2 3200 3
16 Del Prado St Detached $749,000 4 2.5 2682 4
5332 Lower Dr Detached $795,000 4 2.5 2600 42
50 Becket St Detached $849,900 4 2.5 4162 10
3 Dover Way Detached $899,999 5 2.5+.5 4988 21
17577 Brookhurst Dr Detached $995,000 4 2.5 3894 6
14113 Amberwood Circle Detached $1,039,000 4 2.5 3512 15
5250 Dawn St Detached $1,425,000 4 3.5 4387 2
148 5th St Detached $1,479,000 4 3.5 3540 119
3133 Douglas Circle Detached $1,499,000 4 3.5 3981 25

Sold/Closed (April 24-30, 2017)

Address Type List Price Sold Price Sq Ft CDOM
512 S State St Condo $170,000 $170,000 829 3
4000 Carman Dr A6 Condo $215,000 $205,000 866 2
234 Ridgeway Rd Condo $330,000 $293,000 914 11
5056 Foothills Dr F Condo $350,000 $329,000 1252 17
2 Summit Ridge Ct Attached $449,900 $385,000 1750 26
4418 Thunder Vista Ln Condo $385,000 $386,000 2040 12
17224 Greentree Ave Detached $465,900 $460,000 1554 7
6122 Carman Dr Detached $520,000 $481,000 1508 4
17872 Pilkington Rd Detached $595,000 $540,000 1610 169
16510 Maple Circle Detached $609,000 $585,000 2295 191
15939 Twin Fir Rd Detached $649,000 $657,900 2480 131
17927 Ridge Lake Dr Detached $659,000 $659,000 2544 54
3660 Olson Ct Detached $675,000 $670,000 3172 3
3758 Olson Ct Detached $675,000 $675,000 3193 1
4587 Trillium Woods Attached $650,000 $680,000 2211 2
3333 Royce Way Detached $749,000 $706,000 2697 44
5043 Rosewood St Detached $849,000 $799,000 2963 24
13970 Taylors Crest Ln Detached $869,000 $869,000 3371 2
4720 Firwood Rd Detached $1,150,000 $1,150,000 3483 0
17473 Canal Circle Detached $1,550,000 $1,506,000 2815 4
17104 Cedar Rd Detached $1,699,000 $1,565,000 3310 263
757 Lake Shore Rd Detached $2,895,000 $2,750,000 4098 126

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.

Radon. What is it? What to do.

PortlandRadonZIPCodeMap

We haven’t addressed this in awhile, and though Lake Oswego has a “Moderate” risk of radon, it is still a concern, and when buying a home, should be addressed.

What is radon? Radon is a naturally occurring radioactive gas and comes from the natural breakdown (radioactive decay) of uranium. Certain rocks, like granite, lie in random accumulations down under the ground, and if the home you’re living in or contemplating buying has some underneath it, you may have radon gases seeping up into your home. That said, you might see a radon mitigation system on a neighboring property, and test finding no signs of radon emanating from underneath yours.

Radon is a known cause of lung cancer….so, its important to mitigate it. Luckily, mitigating is pretty simple and not too costly. It involves putting some type of piping into the area underneath the home and venting the gases high up, out and away from the home into the atmosphere. The cost is usually somewhere around $1400.00, give or take.

Testing for radon is a part of most every home inspection I oversee. There are several ways to test. If you own a home and wish to have it tested, there are kits you can purchase and then mail away for results. I prefer to know pretty quickly as transaction timelines necessitate all kinds of decision-making within some tight timelines. My preferred method is enlisting the services of an environmental services company to place a small machine in the home at the lowest living area. After 48 hours, a ticker tape of sorts will give a readout of radon levels throughout that time, and you can discuss whether the levels are within the “safe” range…or not.

Here is a recent piece on radon mitigation in the Portland area: CLICK HERE

Hope this information has proven helpful.

Very Best,
Linda

Market Activity ~ April 17-23, 2017

Last week saw 16 New properties enter the market in Lake Oswego, 28 move to Pending status, and 22 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Apr 17-23, 2017)

Address List Price # Beds # Baths Total SF Prop Type
12 OSWEGO SMT / Upper $190,000 2 2 1140 CONDO
5056 FOOTHILLS DR #58 $339,900 2 2 1252 CONDO
4268 WOODSIDE CIR $375,000 4 2 1944 ATTACHD
1033 HALLINAN ST $399,900 3 1 936 DETACHD
975 SOUTHSHORE BLVD $579,995 3 2.1 2191 DETACHD
20 MORNINGVIEW CIR $619,000 3 2.1 2698 DETACHD
1991 WEMBLEY PL $625,000 4 2 3042 DETACHD
5875 BAY POINT DR $649,000 3 2.1 2511 DETACHD
940 HOODVIEW LN $649,900 4 2.1 2520 DETACHD
880 WOODWAY CT $700,000 4 3 3513 DETACHD
18439 DEERBRUSH AVE $719,900 4 2.1 2694 DETACHD
16493 GLENWOOD CT $799,000 4 3.1 4530 DETACHD
3088 ROSEMARY LN $824,000 4 2.1 3233 DETACHD
592 7TH ST $988,000 2 3 2562 DETACHD
3151 ALBER SPRING CT $999,950 5 3.1 3802 DETACHD
1130 OAK TER $1,099,000 4 3.1 3729 DETACHD

PENDING SALES (Apr 17-23, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #126 $183,000 2 2 1000 CONDO 5
44 EAGLE CREST DR #36 $189,900 2 1 908 CONDO 14
4 TOUCHSTONE #76 $199,900 2 2 984 CONDO 7
200 BURNHAM RD #400 $210,000 1 1 968 CONDO 2
146 OSWEGO SMT / Upper $229,900 2 2 1212 CONDO 2
245 CERVANTES / Lower $250,000 2 2 1292 CONDO 17
32 GREENRIDGE CT $353,000 3 2.1 1996 CONDO 107
4756 CARMAN DR $379,000 3 1 1455 DETACHD 4
16393 KIMBALL ST $459,400 3 2 1522 DETACHD 52
1658 GREENTREE RD $479,000 4 3 2394 DETACHD 40
16650 LAKE FOREST BLVD $479,000 3 2 1646 DETACHD 2
19201 SW RED WING CT $514,900 4 3 2471 DETACHD 1
18791 INDIAN CREEK WAY $545,000 3 2 1965 DETACHD 4
16500 LEXINGTON CT $550,000 2 2 1688 DETACHD 7
17582 CARDINAL DR $599,900 4 2.1 2326 DETACHD 73
1662 WORTHINGTON ST $599,999 4 2.1 2116 DETACHD 7
5656 LA MESA CT $674,500 4 3 2748 DETACHD 214
17568 BLUE HERON CT $675,000 4 3.1 3909 DETACHD 295
17020 CHAPIN WAY $675,000 4 3 3258 DETACHD 60
4182 GLACIER LILY ST $685,000 4 3 2799 DETACHD 107
16872 CANYON DR $689,900 5 3.1 4069 DETACHD 30
4819 HASTINGS DR $699,900 4 2.1 2453 DETACHD 4
16038 REESE RD $699,900 4 3 3189 DETACHD 48
586 WEIDMAN CT $850,000 5 3.1 3796 DETACHD 4
15963 BONAIRE AVE $868,000 3 2.1 3050 DETACHD 43
950 CEDAR ST $993,000 4 3.1 3135 DETACHD 417
4230 SUNSET DR $1,200,000 4 2.1 3250 DETACHD 14
16645 GRAEF CIR $1,750,000 4 4.1 3075 DETACHD 1

SOLD (Apr 17-23, 2017)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
64 CERVANTES CIR $179,698 $180,000 2 1.1 912 CONDO 2
86 KINGSGATE RD #D-201 $189,500 $195,000 2 2 938 CONDO 6
5056 FOOTHILLS DR #G $309,000 $309,000 2 2 1252 CONDO 3
14372 SHERBROOK PL $335,000 $315,000 2 1.1 1216 DETACHD 203
16514 CARNEGIE AVE $440,000 $390,000 3 1.1 1182 DETACHD 7
16821 CORTEZ CT $375,000 $409,900 3 2 1192 DETACHD 5
5000 CARMAN DR $499,900 $430,000 2 2.1 2010 DETACHD 110
18455 SW Terry $449,000 $447,000 3 2 2257 DETACHD 8
19064 BENFIELD AVE $465,000 $447,100 4 2 1928 DETACHD 5
6276 FROST LN $549,000 $551,000 4 3.1 2304 DETACHD 6
145 DEL PRADO ST $525,000 $561,000 3 2 2074 DETACHD 3
4680 UPPER DR $575,000 $599,999 3 2 1656 DETACHD 4
17372 HUNTER CT $699,000 $622,325 3 2.1 3424 DETACHD 229
15155 BROOK CT $599,900 $630,000 4 3 2388 DETACHD 5
6 DEL PRADO ST $635,000 $655,000 4 3 3318 DETACHD 3
17560 WESTVIEW DR $670,000 $715,000 3 2.1 2590 DETACHD 4
13745 CAMEO CT $895,500 $825,000 4 3 3380 DETACHD 10
17521 LAKE HAVEN DR $899,900 $879,500 4 2.1 3080 DETACHD 5
14021 EDENBERRY CT $875,000 $903,000 4 2.1 3238 DETACHD 5
17512 GREENBLUFF DR $1,150,000 $998,000 4 4 4033 DETACHD 245
15112 QUARRY RD $1,099,000 $1,099,000 5 3.1 3285 DETACHD 25
671 5TH ST $1,178,000 $1,160,000 4 2.1 2781 DETACHD 161

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, April 10th - 16th 2017

Here is the Market Activity Report for April 10th through the 16th. The market continues to speed up as we enjoy a sunny spring. We saw 19 homes enter the market, many of which are over 1 million, WOW!
22 houses went pending, and 10 houses sold.

Following is the breakdown for you according to RMLS:

New on the Market (April 10-16, 2017)

Address Type Price Bedrooms Bathrooms Sqft
750 1ST ST #32 CONDO 199,900 1 1 986
224 RIDGEWAY RD 15-B CONDO 275,000 1 1 700
4469 GOLDEN LN ATTACHED 325,000 2 2.5 1888
81 KINGSGATE RD DETACHED 419,500 2 2 1270
4968 SUNTREE LN ATTACHED 429,000 2 2.5 1680
1059 DEVON LN DETACHED 514,900 2 2.5 2188
5189 TREE ST DETACHED 549,900 4 3 1470
4913 HASTINGS DR DETACHED 668,000 3 2.5 2280
840 BOCA RATAN DR DETACHED 774,000 4 3.5 3595
18052 HOBBIT CT DETACHED 800,000 4 3.5 3289
50 BECKET ST DETACHED 849,900 4 2.5 4162
1100 TYNDALL CT DETACHED 889,500 3 2.5 3142
3938 EDENS EDGE DR DETACHED 1,019,000 4 3.5 3882
14113 AMBERWOOD CIR DETACHED 1,039,000 4 2.5 3512
3458 LAKEVIEW BLVD DETACHED 2,998,000 4 4.5 4647
13961 KNAUS RD DETACHED 3,000,000 4 4.5 6614
951 ATWATER RD DETACHED 3,100,000 6 5.5 7582
14390 UPLANDS DR DETACHED 4,295,000 4 4.5 7656
1527 LAKE FRONT RD DETACHED 6,285,000 5 6.5 7220

Pending Sales (April 10-16, 2017)

Address Type Price Bedroom Bathrooms DOM
47 EAGLE CREST DR #11 CONDO 179,900 2 1 7
332 SW CERVANTES CIR CONDO 184,900 2 1 10
24 OSWEGO SMT CONDO 199,000 2 2 54
50 OSWEGO SMT CONDO 199,900 1 1 2
48 EAGLE CREST DR CONDO 224,900 2 2 26
200 BURNHAM RD CONDO 285,000 2 2 13
1233 BOCA RATAN DR ATTACHED 325,000 2 2 4
5053 FOOTHILLS DR ATTACHED 349,900 3 2 15
16725 LAKE FOREST BLVD DETACHED 389,900 3 2 33
17554 SCHALIT WAY DETACHED 419,900 3 2 3
19021 INDIAN SPRINGS RD DETACHED 485,000 3 2 0
3211 ROYCE WAY DETACHED 499,900 3 2.5 32
56 AQUINAS ST DETACHED 529,000 4 3 10
5966 FROST LN DETACHED 550,000 4 2.5 37
2401 MAYORS LN DETACHED 595,000 3 3 32
46 DA VINCI ST DETACHED 639,900 4 3 34
5919 BAY POINT DR DETACHED 660,000 4 2.5 4
18247 MORIA CT DETACHED 664,950 4 2.5 8
1411 CHERRY CREST DR DETACHED 728,000 8 4.5 21
16672 FIR LN DETACHED 1,238,000 4 4.5 98
18000 EASTRIDGE LN DETACHED 1,750,000 4 4.5 69
17399 CANAL CIR DETACHED 2,395,000 4 3.5 31

Sold/Closed (April 10-16, 2017)

Address Type List Price Close Price Sqft DOM
4000 CARMAN DR CONDO 200,000 207,000 866 2
200 BURNHAM RD CONDO 375,000 362,500 1966 979
5717 SW LANGFORD LN DETACHED 487,500 503,000 1800 3
383 ASH ST DETACHED 575,000 570,000 1697 0
14061 TAYLORS CREST LN DETACHED 779,000 760,000 2970 114
205 5TH ST DETACHED 799,000 780,000 2556 111
35 TANGLEWOOD DR DETACHED 950,000 950,000 4202 3
3155 UPPER DR DETACHED 1,100,000 1,040,000 2950 226
4434 LAKEVIEW BLVD DETACHED 1,375,000 1,285,000 2803 89
4250 UPPER DR DETACHED 1,580,000 1,570,000 4337 7

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.