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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The Importance of Property Disclosure

First, a bit about disclosure law in Oregon. Our State has a property disclosure law that requires a person selling a house to tell what they know about the house, and in particular, any known defects. To accomplish this there is a 5-page form that sellers complete and then give to their buyer. Once the buyer and/or the buyer’s Realtor receive this form a clock starts ticking. The buyer has 5 business days to simply change their mind. They get their earnest money back and have no need to provide any justification. Think of it as being like the 3-day lemon law when you buy a car. Same thing. You can wake up one morning in the disclosure period and simply not want to buy the house. There are exemptions made for bank foreclosures, trustees, and essentially parties who have control of the property but no knowledge of the material condition of the property. There is also the possibility, very, very slim, that a seller would refuse to complete the disclosure form. They can actually do this. However, this means that the disclosure period does not end and a buyer can terminate with no cause at any time. What person selling a home would want to leave such an open ended way for a buyer to terminate? Also, what buyer would want to buy a house from a person who won’t tell them what they know? Even if a person selling a home refused to fill out the form, it does not relieve them of their legal obligation to tell what they know.

For Sellers
Property disclosure is probably the single most important thing you are going to do when selling a house. Tell what you know. It is that simple. I recommend that you over disclose as opposed to under disclose. So if the kitchen sink leaked and you fixed it, tell about it. During the home inspection the home inspector will find the water stains, now dry, underneath the kitchen sink. If you haven’t told about it, it will create an element of distrust for your buyer who will want to know “how come they didn’t mention that?”

To fully disclose you will need additional pages. There is a form for this, or you can simply write it out, sign it, and have it attached to the disclosure form.

Don’t be afraid of disclosing. At the time the buyer receives the disclosure form, they have just experienced the excitement of getting their offer accepted. They are usually happy and ready to learn about their new home. They are mentally in a place where they will take news in a good way. This will probably not be the case a week or two into the transaction when the buyer is also coping with all that they learned in the home inspection.

Tell what you know. It is your most important responsibility and it is also the place that you are mostly likely to get into trouble if you don’t tell what you know. This knowledge is to the best of your ability on the day that you fill out the form. If you don’t know the answer to a question, that’s OK. You are not expected to go out and find the answer. It also means that after completing the form, if you do learn new information, you should amend the document to keep it current.

For Buyers
The disclosure period is a wonderful opportunity to allow yourself to take a deep breath and make certain that this is the house that you want to buy. It takes some of the pressure off when you make you offer, particularly in a really tight seller’s market. You can go into your offer knowing you’ll have this cooling offer period. Bear in mind that those exemptions are out there for properties like bank foreclosures.

When you receive the seller’s disclosure statement, you have a right to expect it to be completely filled out, with no unanswered questions, and with explanation for anything the seller tells you that raises concerns. If the roof has leaked, and the seller checked the box “yes”, but then says nothing more, you have the right to ask for a better explanation. I have sent property disclosure forms back to the listing Realtor and refused to accept them that were poorly completed. Doing this forces the seller to give it another go and to do so more thoroughly. That is an unusual step to take, but it may be necessary.

Ask questions. Even with a good explanation, perhaps you don’t have a full picture. It’s OK to ask for receipts or contact information for a contractor. The more knowledge you have, the better.

In General
Both buyers and sellers benefit from thorough property disclosure. We are lucky to live in a state that requires it.

Please let us know if you have any questions,
Dianne

Market Activity Nov 6-12, 2017

While the market is slow as compared to June, it is still both strong and consistent. Last week Lake Oswego had 12 properties come onto the market, 22 received accepted offers and go into pending status, and 13 closed sales.

I have the belief that the greatest strength in real estate at this time of year is that people are motivated. They are buying or selling because they truly want to. There is much to be thankful for, including our healthy real estate market.

Following is the breakdown for you according to RMLS:

New on the Market (Nov 6-12, 2017)

Address Type Price BR Baths Sq Ft
100 Kerr Pkwy #59 Condo $194,900 2 1.5 823
4 Touchstone #148 Condo $224,900 3 2.5 1351
204 Cervantes Condo $225,000 3 1.5 1138
16250 Pacific Hwy #47 Condo $225,000 2 1 1305
5061 Foothills Dr A Condo $309,500 2 2 991
21 Masaryk St Detached $615,000 4 2.5 2773
1661 Woodland Terrace Detached $625,000 3 2.5 3178
4910 Lower Dr Detached $675,000 3 2.5 2151
5303 Amberwood Ct Detached $999,999 3 2.5 3634
16987 Alder Circle Detached $1,095,000 2 2.5 1991
3485 Upper Dr Detached $1,169,000 4 2.5 $3,332
4726 Upper Dr Detached $1,499,000 4 3.5 3962

Pending Sales (Nov 6-12, 2017)

Address Type Price BR Baths Sq Ft CDOM
45 Eagle Crest Dr #415 Condo $199,500 2 1.5 1056 119
5225 Jean Rd #313 Condo $265,000 2 2 1200 63
88 Greenridge Ct #88 Attached $270,000 2 2 1314 24
4085 Jefferson Pkwy Condo $299,900 2 2.5 1302 60
17635 Deemar Way Detached $379,999 3 2 1488 172
17 Touchstone Detached $499,999 5 3 2569 70
13606 Blazer Trail Detached $525,000 4 2.5 2418 19
17323 Ashley Ct Attached $525,000 3 2.5 2117 0
5524 Langford Ln Detached $550,000 2 2 2038 44
18866 Indian Springs Circle Detached $619,900 3 3 2004 20
16 Bernini Ct Detached $620,900 4 3.5+.5 4642 22
18632 Deerbrush Ave Detached $624,900 3 2.5 1962 6
5418 Washington Ct Detached $679,900 3 2.5 2074 28
29 Del Prado St Detached $735,000 4 2 3037 7
2481 Marylshire Ln Detached $768,000 4 3.5 4091 241
4006 Canal Woods Ct Detached $775,000 5 3.5 3514 143
555 Atwater Rd Detached $799,000 5 3 4016 127
12750 Fielding Rd Detached $995,000 3 2 3018 41
18909 65th Ave Detached $1,050,000 4 2 4858 16
768 7th St Detached $1,300,000 4 3.5 2802 121
1940 Highlands Loop Detached $1,698,000 5 4.5+.5 4080 250
1000 Atwater Rd Detached $2,695,000 5 4.5+.5 6531 41

Sold/Closed (Nov 6-12, 2017)

Address Type List Price Sold Price Sq Ft CDOM
88 Cervantes Circle Condo $200,000 $197,000 912 5
16219 Bonaire Ave Detached $449,900 $421,000 1,594 101
13 Belmore Ave Detached $509,900 $457,500 1,844 69
1437 Greentree Circle Detached $624,900 $585,000 2400 96
655 8th St Detached $649,900 $610,000 1611 27
4361 Southshore Blvd Detached $695,000 $630,000 2406 54
5455 Langford Ln Detached $845,000 $820,000 3398 132
12808 Elk Rock Rd Detached $999,000 $887,500 3970 204
13526 Snowberry Ct Detached $905,000 $905,000 3,718 0
15476 Diamond Head Rd Detached $1,395,000 $950,000 3743 26
18639 Pilkington Rd Detached $1,400,000 $1,350,000 4148 118
16938 Alder Circle Detached $1,950,000 $1,750,000 3241 122
14050 Goodall Rd Detached $2,000,000 $2,000,000 6,714 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.

Thank You For Your Service

We here at the Property Blotter want to thank each and every one of those who have served and sacrificed for the ideals and freedom of this country we all love and call home.   

Market Activity ~ Oct 30- Nov 5, 2017

We’re humming right along. Last week saw 14 New properties enter the market in Lake Oswego, 19 move to Pending status, and 15 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Oct 30-Nov 5, 2017)

Address List Price # Beds # Baths Total SF Prop Type
200 BURNHAM RD #300 $215,000 1 1 973 CONDO
14796 DAVIS LN $509,900 3 2.1 1964 TOWNHSE
5866 RIDGETOP CT $539,000 3 2 1866 DETACHD
17280 WESTVIEW DR $550,000 3 3 2324 DETACHD
17 FALSTAFF ST $599,000 4 3 2450 DETACHD
18632 DEERBRUSH AVE $624,900 3 2.1 1962 DETACHD
2401 MAYORS LN $699,999 3 3 3004 DETACHD
29 DEL PRADO ST $735,000 4 2 3037 DETACHD
17167 CEDAR RD $764,900 3 2 2673 DETACHD
2983 LAKEVIEW BLVD $799,000 3 2.1 2583 DETACHD
16101 PARELIUS CIR $1,165,000 4 3 3974 DETACHD
1505 COUNTRY CLUB RD $1,195,000 6 4.1 6043 DETACHD
768 7TH ST $1,300,000 4 3.1 2802 DETACHD
18320 RIVER EDGE LN $1,988,000 4 5 4608 DETACHD

PENDING SALES (Oct 30-Nov 5, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #42 $189,500 2 1.1 822 CONDO 13
50 SW CERVANTES CIR $213,750 2 1.1 1368 CONDO 3
90 OSWEGO SMT/Upper $239,500 2 2 1140 CONDO 86
30 GREENRIDGE CT $335,000 2 1.1 1928 ATTACHD 100
16219 BONAIRE AVE $419,900 4 2 1594 DETACHD 101
5880 ROCKWOOD CT $450,000 3 2 1772 DETACHD 9
28 NORTHVIEW CT $525,000 2 3 2092 ATTACHD 85
3312 SABINA CT $570,000 3 2 1758 DETACHD 36
653 3RD ST $574,999 3 2 1522 DETACHD 1
1642 HIGHLAND DR $599,000 4 3 2234 DETACHD 111
17784 CARDINAL DR $599,900 4 3 2184 DETACHD 80
20 MORNINGVIEW CIR $610,000 3 2.1 2698 DETACHD 184
13422 AUBURN CT $625,000 3 2.1 2612 ATTACHD 32
12 SCARBOROUGH DR $639,900 4 2.1 2966 DETACHD 187
18410 DEERBRUSH AVE $645,000 4 2.1 2246 DETACHD 92
133 FURNACE ST/Upper $798,000 2 3 1927 CONDO 8
12750 FIELDING RD $995,000 3 2 3018 DETACHD 38
13597 ROGERS RD $1,179,000 4 4 3945 DETACHD 92
17502 BLUE HERON DR $2,195,000 5 3.1 4996 DETACHD 94

SOLD (Oct 30-Nov 5, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY #49 $239,000 $235,000 2 2 1305 CONDO 9
480 S STATE ST $325,000 $292,000 3 2 1659 CONDO 200
5141 CENTERWOOD ST $425,000 $425,000 3 2 1539 DETACHD 0
100 LEONARD ST 4-2 $500,000 $458,750 3 2.1 2537 CONDO 65
12729 19TH AVE $549,900 $477,000 4 2 2700 DETACHD 120
800 WOODWAY CT $550,000 $492,000 4 3 2066 DETACHD 102
18906 KRISTI WAY $568,000 $540,000 3 2 1864 DETACHD 45
768 7TH ST $674,900 $550,000 3 2 1359 DETACHD 68
2 EL GRECO ST $649,000 $644,000 5 3 3057 DETACHD 6
19080 INDIAN SPRINGS CIR $685,000 $655,000 4 2 2406 DETACHD 217
4100 COLTSFOOT LN $775,000 $675,000 3 2.1 2840 DETACHD 77
14283 EDENBERRY DR $689,000 $689,000 3 2.1 2248 DETACHD 2
18462 PIONEER CT $724,900 $709,600 5 3 3804 DETACHD 2
19487 DOGWOOD CT $745,000 $730,000 5 3 3105 DETACHD 15
3623 EENA RD $999,900 $950,000 4 3.1 3422 DETACHD 217

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.

Featured Property: Lot 10 Sunny Slope

There is a rather magic area in Lake Oswego, Sunny Slope. It is relatively unknown to most because there are very few houses and very little traffic. It is about half a mile from Westridge Elementary School and tucked onto the South side of Cook Butte. Technically it is not in the city of Lake Oswego’s city limits. It is actually unincorporated Clackamas County, but it has a Lake Oswego address and Lake Oswego schools.

Lot 10 Sunny Slope is currently for sale. It has 3.27 gently sloping acres and is offered for $489,900. The property is served by a community well and has electricity at the street. To build a home a septic system will need to be installed. The road is paved and the terrain is beautifully forested. It is outside of the urban growth boundary and is not dividable. Surrounding homes are multi-million dollar properties of estate quality. To enjoy a video, drone tour, please click here.

As a Realtor in Lake Oswego I see builders buying existing homes, on much smaller lots, paying $400,000 or even more, tearing those houses down, and building beautiful new homes. Think about that. For pretty much the same land cost, a new home can be built on over 3 acres. Lot 10 in Sunny Slope just strikes me as a tremendous value and opportunity.

To see it, drive up Westview, turn right on Hillshire and follow it up and continue when it becomes Rivendell, turn right on Barton and then left on Hill Top Rd. The lot is almost at the end of Hill Top. You’ll see my for sale sign. The boundary of the lot is marked with bright orange survey tape tied onto trees. A new home built here will have a Hill Top Rd address so you can also use that in your GPS.

While the lot is currently forested, there are likely views that can be opened up to the East, the South, and the West.

Please contact me if you have any further questions. I can easily be reached at 503-803-6298 or diannegregoire@oregonfirst.com

Best regards,
Dianne

Market Activity Oct 23-29, 2017

There was a bit of a shift in the numbers last week. Just 11 new listings came onto the market but a surge in pending sales to 24, and in closed sales to 21, is a clear picture of the coming holidays. Lots of people planning to get into their new homes before festivities get into full swing. It is a great time to sell your house with lower inventory and strong, serious demand.

Following is the breakdown for you according to RMLS:

New on the Market (Oct 23-29, 2017)

Address Type Price BR Baths Sq Ft
668 McVey Ave Condo $149,900 2 1.5 976
3 Mountain Circle Attached $439,000 3 2 1464
5880 Rockwood Ct Detached $450,000 3 2 1772
14332 Sherbrook Pl Detached $450,500 3 2.5 1770
56 Condolea Ter Condo $575,000 3 2.5 2958
13758 Regency Ct Detached $614,000 3 2.5 1986
559 Sunny Hill Dr Detached $629,500 4 2.5 2450
6073 Carman Dr Detached $775,000 3 2.5 2751
18909 65th Ave Detached $1,050,000 4 2 4858
13707 Fielding Rd Detached $1,295,000 4 3 3337
3919 Southshore Blvd Detached $1,899,000 4 3.5 $4,150

Pending Sales (Oct 23-29, 2017)

Address Type Price BR Baths Sq Ft CDOM
47 Eagle Crest Dr #8 Condo $175,000 2 1 932 101
4000 Carman Dr C45 Condo $180,000 1 1 767 4
200 Burnham Rd #303 Condo $220,000 2 1 1199 53
54 Galen St #54 Condo $239,900 2 2 995 4
100 Leonard St 2-1 Condo $429,000 2 2 1364 24
5907 Kenny St Detached $450,000 3 2 1300 12
1675 Hallinan St Detached $465,000 3 2.5 2450 84
100 Leonard St 2-2 Condo $525,000 2 2 1676 79
19240 Maree Ct Detached $525,000 3 2.5 1964 2
4954 Bilford Ln Detached $575,000 2 2 1890 46
9 Falstaff St Detached $577,000 4 2.5 2436 217
19180 Indian Creek Ave Detached $599,900 4 3 2392 7
13422 Vermeer Dr Detached $619,000 4 3 2682 29
2033 Ridgewood Rd Detached $674,000 4 2.5 2668 451
17519 Brookhurst Dr Detached $824,900 4 4 3758 46
5406 Langford Ln Detached $845,000 3 2.5 3415 5
5349 Carman Grove Ln Detached $869,900 4 3 2847 189
13845 Amberwood Circle Detached $885,000 4 2.5 3277 70
6615 McEwan Rd Detached $928,000 4 1.5 1492 2
1011 Lake Shore Rd Detached $1,195,000 3 3 2820 69
13593 Westlake Dr Detached $1,350,000 4 3.5 4172 73
610 4th St Detached $1,525,000 4 2.5 3394 49
1000 Atwater Rd Detached $2,695,000 5 4.5+.5 6531 21
1495 Oak Terrace Detached $2,795,000 4 4 3983 86

Sold/Closed (Oct 23-29, 2017)

Address Type List Price Sold Price Sq Ft CDOM
45 Eagle Crest Dr #220 Condo $210,000 $210,000 768 10
57 Church St Condo $214,900 $226,000 636 5
58 Oswego Summit Condo $238,500 $232,000 1,212 57
562 S State St Condo $259,000 $259,000 778 17
5495 Tree St Detached $459,900 $399,500 1388 51
17710 Hill Way Detached $429,900 $417,000 1637 42
7 Saint Helens Circle Detached $400,000 $420,000 1275 3
574 2nd St Attached $479,000 $465,000 1394 51
9 Becket St Detached $489,900 $478,900 3,115 5
13188 Vermeer Dr Detached $495,000 $486,500 1854 19
1931 Kilkenny Rd Detached $535,000 $500,000 2411 68
16580 Maple Circle Detached $585,000 $515,000 2059 67
6236 Wayzata Ct Detached $639,000 $589,000 2,752 107
320 Berwick Rd Detached $775,000 $775,000 2780 0
5665 Grand Oaks Dr Detached $899,000 $905,900 4226 9
456 Lake Bay Ct Detached $945,000 $975,000 2393 2
547 Middlecrest Rd Detached $1,098,000 $1,100,000 1888 55
915 Skyland Dr Detached $1,590,000 $1,275,000 7072 204
2757 Glen Haven Rd Detached $1,590,000 $1,590,000 4604 85
4256 Lakeview Blvd Detached $1,700,000 $1,700,000 3117 103
853 G Ave Detached $1,800,000 $1,900,260 4423 18

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 ~ Sept 2017 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, September, 2017:
    • There were 3,644 New Listings in Sept 2017 which was down .08% from Sept of 2016’s 3,673, and down 10% from August of 2017’s total of 4,048.
    • At 2,660, Sept Closed Sales were down 5.8% from Sept 2016’s 2,823, and 12.3% from the previous month/August 2017’s total of  3,034.
    • September’s Pending Sales (accepted offers), at 2,730 dropped 4.4% from Sept of 2016’s 2,857, and 11.1% from the previous month/August 2017’s total of 3,072.
    • The Average Sale Price in September of $426,700 was up $34,500 from September 2016’s $392,200, and down from August 2017’s $436,400 by $9,700.    (***This is typical seasonal adjustment. This year we’ve seen roughly $10,000 drops in Average Sale Price per month in August and Sept.)                  

August Average Sale Price + Appreciation (last 12 months):

  • North Portland:  $374,900              7%    (Aug $436,400)
  • NE Portland:  $447,100                   9.6% (Aug $460,100)
  • SE Portland:  $400,900                   8.7% (Aug $391,200)
  • Gresham/Troutdale:   $341,800   10.5%  (Aug $333,300)
  • Milwaukie/Clackamas:  $418,500 10.4% (Aug $420,300)
  • Oregon City/Canby:   $416,900      8.9% (Aug $394,800)
  • Lake Oswego/West Linn:$678,200 8.2%(Aug $713,800)
  • West Portland:    $572,100             6.9% (Aug $567,100)
  • NW Washington County:$501,200  9.9%(Aug $526,500)
  • Beaverton/Aloha:     $369,200        9.7% (Aug $376,800)
  • Tigard/Wilsonville:   $434,600        6.3% (Aug $439,300)
  • Hillsboro/Forest Grove: $385,400 12.1% (Aug $382,800)

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

    •  469 Active Listings   
    •  199 New Listings     
    •  87  Pending Sales   
    •  126 Closed Sales  
    • Average Sale Price for Sept: $678,200  
      • 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: 54 Days   

Market Activity ~ Oct 16-22, 2017

Great, steady activity. Last week saw 20 New properties enter the market in Lake Oswego, 17 move to Pending status, and 12 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Oct 16-22, 2017)

Address List Price # Beds # Baths Total SF Prop Type
4000 CARMAN DR #C45 $180,000 1 1 767 CONDO
100 KERR PKWY #42 $189,500 2 1.1 822 CONDO
5720 KENNY ST $420,000 3 2 1416 DETACHD
13606 BLAZER TRL $525,000 4 2.1 2418 DETACHD
17755 OVERLOOK LN $529,900 4 2.1 3198 DETACHD
17736 CARDINAL CT $535,000 4 2.1 2280 DETACHD
3845 TEMPEST DR $575,000 4 2.1 1931 DETACHD
19180 INDIAN CREEK AVE $599,900 4 3 2392 DETACHD
780 BRIERCLIFF LN $599,900 5 3.1 2502 DETACHD
16 BERNINI CT $620,900 4 3.2 4642 DETACHD
18866 INDIAN SPRINGS CIR $649,900 3 3 2004 DETACHD
3962 BASS LN $659,000 3 2.1 2237 DETACHD
5406 LANGFORD LN $845,000 3 2.1 3415 DETACHD
16 CELLINI CT $869,000 3 2.1 3049 DETACHD
236 PINE VALLEY RD $875,000 3 2.1 1996 DETACHD
18120 DELENKA LN $899,000 5 2.1 3157 DETACHD
3242 GLENMORRIE DR $979,900 3 2.1 3146 DETACHD
17 Hilltop $1,350,000 3 3.1 3335 DETACHD
2236 SUMMIT CT $2,200,000 3 2.1 4066 DETACHD
2812 Lakeview BLVD $2,500,000 3 2 2566 DETACHD

PENDING SALES (Oct 16-22, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
66 OSWEGO SMT $189,900 1 1 764 CONDO 37
88 CERVANTES CIR $200,000 2 1.1 912 CONDO 5
201 OSWEGO SMT #201 $229,900 2 2 1383 CONDO 106
88 GREENRIDGE CT #88 $270,000 2 2 1314 ATTACHD 4
5225 Jean RD #511 $275,000 3 2 1400 CONDO 9
4103 JEFFERSON PKWY $329,900 2 2.1 1359 CONDO 6
6451 MCEWAN RD $379,900 3 1.1 1080 DETACHD 9
18013 BELMORE AVE $479,900 3 2 1844 DETACHD 69
5524 LANGFORD LN $550,000 2 2 2038 DETACHD 22
272 GREENWOOD RD $565,000 3 2 2585 DETACHD 2
17524 ERIN CT $669,900 5 3 3008 DETACHD 68
4608 CHELSEA LN $825,000 4 2.1 3092 DETACHD 2
3623 EENA RD $974,900 4 3.1 3422 DETACHD 217
1420 MORNING SKY CT $999,000 4 3.1 3613 DETACHD 73
3519 Lake Grove AVE $1,185,000 4 2.1 3176 DETACHD 30
18308 MEADOWLARK LN $1,498,000 4 3.3 7254 DETACHD 558
2430 SUMMIT CT $1,995,000 3 3 2911 DETACHD 154

SOLD (Oct 16-22, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
210 S STATE ST #1 $365,000 $335,000 2 1.1 1767 CONDO 35
18565 LONGFELLOW AVE $495,000 $431,000 3 2 1430 DETACHD 54
1405 CEDAR ST $515,000 $515,000 4 2 2178 DETACHD 64
945 CUMBERLAND RD $730,000 $560,000 4 3.1 2726 DETACHD 18
3554 TEMPEST DR $625,000 $577,500 3 2.1 2279 DETACHD 84
18439 DEERBRUSH AVE $674,900 $660,000 4 2.1 2694 DETACHD 103
17325 OAK MEADOW LN $769,000 $755,000 4 2.1 3157 DETACHD 38
15956 PARKER RD $849,999 $824,000 3 2.1 3200 DETACHD 33
1075 SCHUKART LN $899,000 $880,000 4 2.1 3452 DETACHD 259
230 3RD ST $1,299,900 $1,299,900 4 3 3003 DETACHD 60
4660 UPPER DR $1,595,000 $1,450,000 5 3.1 3849 DETACHD 51
3458 LAKEVIEW BLVD $2,795,000 $2,300,000 4 4.1 4647 DETACHD 118

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.

Tips for a Great Lunch Spot

Years ago Lake Oswego had very few good restaurants. Getting a bite to eat at lunch tended to mean driving into Portland. Not so today. Today Lake Oswego has many great places to grab lunch. I thought today I’d share a few that I particularly like.

Pho’ LaVang is hands down my favorite place to get pho’, and this includes better than the many restaurants that make pho’ in Portland. I first visited Pho’ LaVang when it was a tiny little restaurant in a strip mall on Pilkington Road. It was mostly take out with only a very small table for 2-3 people. The man who owned it was chatty and friendly and wonderful. He introduced me to Vietnamese cuisine and I have loved it ever since. The popularity of the food quickly allowed the restaurant to out grow its cubby-hole location until it expanded to it’s current home at 16120 Lower Boones Ferry Rd, right in the heart of Lake Grove. They serve salad rolls, stir fry dishes, salt and pepper squid, kungpao, and more. My favorite is is the vegetable pho’. The broth is slow cooked, deep and rich, with plenty of fresh vegetables and tofu.

Curry in a Hurry is on the other end of town in the Palisades Shopping Center (1235 McVey Ave). This Thai restaurant has a comfy neighborhood atmosphere that is inviting and relaxing. Pad Thai, spicy noodles, all manner of curry dishes, fried rice, yakisoba, all of the classic Thai dishes that I love. The prices are amazing. I had lunch a week or so ago for $7.50 and it included a cup of coconut milk and vegetable soup.

Pine Shed Ribs is located in the same strip mall where Pho’ LaVang got its start: 17730 Pilkington Rd. Specializing in Santa Maria Tri-tip, this classic pit barbecue is a well honed machine of deliciousness. I’m not a big meat eater, but I do love good barbecue. Along with tri-tip and ribs you’ll find chicken and sausage. They serve great sides to compliment the great meats: everything from pinquito beans to mac n cheese and corn bread. Yum!

This is just three of many options. Our little town has done a great job of fostering some wonderful restaurants. I highly recommend that you come on down and give them a try.
Dianne

Market Activity Oct 9-15, 2017

It has been another beautiful fall week in Lake Oswego. I had the pleasure of a drive to the coast last weekend. Wow! I know New England has the big reputation, but Oregon is a post card in every direction at this time of year.

I found the market activity last week really interesting. 15 new listings, 20 pending sales, and 17 sold/closed sales: this shows a still steady market with a good deal of buyer interest. It continues to be a wonderful environment to sell a home. If you are in the market to buy a home, not only are interest rates terrific, but the timing is just right to get into your new home before the holidays.

Following is the breakdown for you according to RMLS:

New on the Market (Oct 9-15, 2017)

Address Type Price BR Baths Sq Ft
4647 Lakeview Blvd D-1 Condo $199,500 1 1 753
13 Oswego Summit Condo $199,900 1 1 764
88 Cervantes Circle Condo $200,000 2 1.5 912
73 Galen St Condo $217,500 2 2 995
5225 Jean Rd #511 Condo $275,000 3 2 1400
4103 Jefferson Pkwy Condo $329,900 2 2.5 1359
6451 McEwan Rd Detached $379,900 3 1.5 1080
5907 Kenny St Detached $450,000 3 2 1300
4978 Galen St Attached $474,850 2 2.5 1552
1895 Greentree Rd Detached $580,000 4 3 2861
5418 Washington Ct Detached $679,900 3 2.5 $2,074
15003 Twin Fir Rd Detached $779,000 2 1 984
13101 Amber Pl Detached $1,110,000 4 2.5 3817
504 8th St Detached $1,395,000 4 3 2858
15476 Diamond Head Rd Detached $1,395,000 3 2.5 3743

Pending Sales (Oct 9-15, 2017)

Address Type Price BR Baths Sq Ft CDOM
36 Greenridge Ct Attached $174,899 3 3 1748 66
36 Cervantes Cir 4-E Condo $199,900 2 1.5 912 27
1625 Cloverleaf Rd Detached $449,000 3 2 1996 57
836 Oak St Detached $479,000 3 3 2856 1206
16842 Bryant Rd Detached $499,000 4 2 2287 8
5871 Bonita Rd Detached $499,950 4 3 2406 421
210 Northshore Rd Detached $529,900 2 1.5 2050 14
2810 Dellwood Dr Detached $564,900 4 2.5 2278 7
1575 Ivy Ct Detached $575,000 4 3 2420 75
5526 Yorkshire Pl Detached $599,500 3 3 2449 26
1437 Greentree Circle Detached $599,999 4 3 2400 96
17808 Cardinal Pl Detached $645,000 3 2 1870 91
4023 Trout Way Detached $725,000 4 2.5 2758 3
3200 Upper DR Detached $798,500 4 3 2543 4
1976 Palisades Terrace Dr Detached $895,000 4 2.5 3898 208
13526 Snowberry Ct Detached $905,000 4 4 3718 0
18639 Pilkington Rd Detached $1,375,000 4 4 4148 118
3250 Upper Dr Detached $1,499,000 4 4.5 3977 42
13912 Goodall Rd Detached $1,735,000 4 3.5+.5 4658 84
916 Lake Shore Rd Detached $1,999,900 4 3.5 3780 141

Sold/Closed (Oct 9-15, 2017)

Address Type List Price Sold Price Sq Ft CDOM
84 Galen St Condo $115,000 $115,000 550 3
47 Eagle Crest DR #36 Condo $179,000 $165,000 932 9
198 Cervantes Attached $319,000 $302,000 1,266 9
562 2nd St #10 Attached $482,000 $470,000 1302 48
31 Da Vinci St Detached $520,000 $520,000 2232 48
3393 Tempest Dr Detached $549,000 $530,000 2490 162
4597 Black Forest Ct Detached $599,900 $580,000 2171 8
14371 Sherbrook Pl Detached $619,000 $595,000 2550 39
15410 Meadowlark Ct Detached $650,000 $643,000 2,702 2
4728 Lakeview Blvd Detached $779,000 $680,000 2867 116
810 9th St Detached $775,000 $750,000 2417 130
822 Lee ST Detached $825,000 $790,000 1930 93
13825 Melrose Pl Detached $825,000 $819,000 4490 8
1699 Village Park Ln Detached $985,000 $875,000 3342 127
741 B Ave Detached $1,120,000 $1,080,000 2609 33
3856 Upper Dr Detached $1,295,000 $1,200,000 3093 100
16828 Alder Circle Detached $1,795,000 $1,750,000 2363 1

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