A Guide to Lake Oswego Real Estate and Community
Dianne and Linda

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

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Market Activity ~ May 13-19, 2019

There are a total of 309 homes for sale in Lake Oswego right now. Last week 33 New properties entered the market, 22 moved to Pending status, and 15 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (May 13-19, 2019)

Address List Price # Beds # Baths Total SF Prop Type
4647 LAKEVIEW BLVD #D1 $198,900 1 1 753 CONDO
4 TOUCHSTONE #125 $210,000 2 2 984 CONDO
3896 BOTTICELLI ST / Grnd $293,900 2 1.1 1132 CONDO
1918 BONNIEBRAE DR $400,000 4 2 1595 TOWNHSE
5751 Washington Ct $447,000 5 2 2120 DETACHD
5071 W SUNSET DR $529,000 2 2.1 1734 ATTACHD
5861 BENFIELD CT $545,000 4 2 1658 DETACHD
27 PARTRIDGE LN $549,000 3 2 2493 DETACHD
5955 WASHINGTON CT $589,000 5 2.1 2554 DETACHD
17 GROUSE TER $650,000 4 2.1 3202 DETACHD
2388 OVERLOOK DR $675,000 4 3 2765 DETACHD
13841 VERTE CT $690,000 6 3.4 2600 DETACHD
13202 ROGERS RD $775,000 4 2.1 2927 DETACHD
5950 HARRINGTON AVE $799,000 4 3.1 2816 DETACHD
18183 WESTMINSTER DR $800,000 4 2.1 3191 DETACHD
5745 BAY CREEK DR $819,900 4 2.1 3353 DETACHD
654 1ST ST $824,900 2 2.1 2140 CONDO
5475 WESTFIELD CT $924,900 4 2.1 3335 DETACHD
390 9th ST $999,000 4 2.1 2023 DETACHD
362 9th ST $1,029,000 3 2.1 2018 DETACHD
378 9th ST $1,029,000 3 2.1 2019 DETACHD
5680 CHILDS RD $1,099,000 5 4.1 3430 DETACHD
5702 MEADOWCREEK CT $1,149,000 4 3.1 3205 DETACHD
1287 BICKNER ST $1,195,000 4 3.1 2665 DETACHD
14144 GOODALL RD $1,200,000 4 3 3701 DETACHD
367 10TH ST $1,289,000 4 3.1 3807 DETACHD
2050 CHILDS RD $1,295,000 4 4.1 4814 DETACHD
17990 RIDGE LAKE DR $1,349,000 4 3.1 3745 DETACHD
2917 WESTVIEW CIR $1,349,000 5 4.1 4343 DETACHD
2250 SOUTHSHORE BLVD $1,350,000 4 4.1 4432 DETACHD
16315 CHAPIN WAY $1,495,000 4 3.1 3478 DETACHD
12812 GOODALL RD $1,895,000 4 4.1 4808 DETACHD
4398 LAKEVIEW BLVD $2,100,000 4 3.1 3340 DETACHD

PENDING SALES (May 13-19, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #46 $159,900 1 1 617 CONDO 43
4625 LAKEVIEW BLVD / Grnd $189,900 1 1 753 CONDO 29
4 TOUCHSTONE #120 $214,900 3 2.1 1351 CONDO 4
170 OSWEGO SMT / Grnd $259,950 2 2 1506 CONDO 19
3814 BOTTICELLI ST $269,900 2 2 1055 CONDO 61
5054 FOOTHILLS DR / Grnd $334,900 2 2 1252 CONDO 57
436 5TH ST $399,000 2 1.1 1092 CONDO 3
5099 GALEN ST $539,000 4 2.1 2246 DETACHD 1
20 AQUINAS ST $549,900 4 2.1 1837 DETACHD 7
4660 BLACK FOREST CT $575,000 4 2.1 2157 DETACHD 1
1590 BONNIEBRAE DR $749,000 4 3 3163 DETACHD 44
7 GROUSE TER $750,000 3 2.1 2516 DETACHD 7
17566 BLUE HERON CT $774,800 4 3 2681 DETACHD 15
1111 BAYBERRY RD $1,098,000 3 2 2042 DETACHD 46
1835 CEDAR CT $1,199,000 3 3.1 3165 DETACHD 64
425 FURNACE ST $1,300,000 4 3 3326 DETACHD 7
3919 SOUTHSHORE BLVD $1,495,000 4 3.1 4150 DETACHD 1
1949 CEDAR CT $1,674,000 5 5.1 6330 DETACHD 64
17138 CEDAR RD $1,825,000 3 3.1 3017 DETACHD 17
831 4TH ST $1,875,000 5 6 5078 DETACHD 35
2322 KNAUS RD $1,898,000 4 3.2 5087 DETACHD 214
1475 OAK TER $2,450,000 3 3.1 3674 DETACHD 23

SOLD (May 13-19, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
512 S STATE ST / Upper $229,989 $225,000 1 1 829 CONDO 28
71 OSWEGO SMT / Upper $239,000 $239,000 2 2 1140 CONDO 2
3964 CARMAN DR $339,900 $291,500 2 2.1 1098 CONDO 148
5226 TUALATA LN $468,950 $465,000 3 2 1470 DETACHD 0
4635 REMBRANDT LN $549,900 $555,000 4 2.1 2056 DETACHD 7
939 DEVON LN $579,900 $565,000 3 2 2165 DETACHD 220
6474 FROST ST $635,000 $599,900 4 2.1 2216 DETACHD 173
19134 TERRY AVE $625,000 $620,000 5 2 2557 DETACHD 8
16202 WALUGA DR $650,000 $650,000 1 1 612 DETACHD 2
2099 WEMBLEY PL $689,000 $650,000 4 2.1 2730 DETACHD 86
4078 MELISSA DR $699,900 $695,000 4 2.1 2691 DETACHD 11
1193 TROON RD $699,000 $699,000 3 2.1 2546 DETACHD 12
1604 CAMPUS WAY $795,000 $737,500 3 2.1 2607 DETACHD 70
17514 BROOKHURST DR $834,999 $841,600 3 2.1 3521 DETACHD 4
3258 LAKEVIEW BLVD $3,250,000 $2,900,000 4 4.1 4337 DETACHD 129

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.

Remodeling: Cost vs Value

In the course of working as a Realtor, one of the common questions I am often asked is “What should I do to get my house ready to sell?” I have addressed this pretty extensively in previous posts, but today I want to be more specific about remodeling for the purpose of selling.

There is always a range of value when pricing a property and that range is based upon condition. The better the condition, the more the house is worth. But having said that, there is not a dollar for dollar return on remodeling.

Remodeling Magazine puts out a list for every region of the United States that gives the average cost of various projects and the amount of additional sales price you can expect from having done the project. It’s pretty surprising. Most projects give a return that is less than the actual cost. Here are some examples from our region on the 2019 list:

Job / Cost / Return/ % of Return

Backyard Patio/ $63,109/ $40,045/ 55.2%

Bathroom Remodel/ $23,548/ $17,728/ 75.3%

Kitchen Remodel/ $75,513/ $49,384/ 68.1%

Master Suite Addition/ $151,211/ $105,965/ 70.1%

New Garage Door/ $3785/ $4685/ 123.8%

There are many more items on the list. This is just a sample. For the complete list, click here.

On this year’s list, the only project that gave a better return than the cost was the replacement of garage doors. In past years I’ve also seen replacement of the front door being a similar good investment.

The bottom line is that if you are going to remodel, do it while you are still going to live in the house. This way you’ll get more out of it than the cost of the project, you’ll also get the enjoyment of the project.

My last bit of advice is that the most significant thing you can to do maximize the return on your real estate investment is to maintain it properly during the time that you own it and to really deep clean it before you list if for sale.

As always, thanks for reading the blotter.
Dianne

Market Activity May 6-12, 2019

The spring market is officially in full swing. Last week in Lake Oswego we had 36 new listings! That is a lot of houses! We also had 32 properties go into pending status and 15 closed/sold houses.

Following is the breakdown for you according to RMLS:

New on the Market (May 6-12, 2019)

Address Type Price BR Baths Sq Ft
9 Oswego Summit Condo $169,900 1 1 764
202 Cervantes Condo $205,000 2 2 890
124 Oswego Summit Condo $245,000 2 2 1140
48 Eagle Crest 1E Condo $272,000 2 2 1370
4204 Woodside Circle Townhouse $400,000 2 2 1308
12882 Boones Ferry Rd Condo $400,000 2 2.5 1136
48 Greenridge Ct Townhouse $450,000 3 3 2147
18552 Edgewood Ct Detached $459,900 3 1.5 1071
4 The Grotto Attached $475,000 3 2.5 1534
48 Oriole Ln Attached $509,000 3 2 2072
13188 Vermeer Dr Detached $529,000 3 2.5 1862
20 Aquinas St Detached $549,900 4 2.5 1837
19061 Indian Springs Rd Detached $569,900 4 3 2341
12 Northview Ct Attached $595,000 2 3 3266
19040 Olson Ave Detached $600,000 4 3 2642
17644 Sydni Ct Townhouse $615,000 4 2.5 2460
304 6th St Detached $625,000 1 1 941
13488 Snowberry Ct Detached $729,000 4 2.5 2964
14371 Uplands Dr Detached $739,000 3 2 2358
7 Grouse Terrace Detached $750,000 3 2.5 2516
3220 Edgemont Rd Detached $761,000 4 3 2124
750 Briercliff Ln Detached $769,000 3 3 2682
63 Touchstone Detached $769,900 4 3 3088
2133 Ridgewood Rd Detached $859,900 5 3 2059
32 Wilbur St Detached $879,000 2 2.5 2671
13711 Melrose Pl Detached $949,000 4 4 3742
2 Grouse Terrace Detached $995,000 4 3 4446
15986 Parker Rd Detached $1,099,413 4 3.5 3130
15776 Inverurie Rd Detached $1,249,000 3 2 2370
419 7th ST Detached $1,289,000 4 2.5 2813
425 Furnace St Detached $1,300,000 4 3 3326
15446 Boones Way Attached $1,300,000 3 2.5 3364
14480 Kruse Oaks Blvd Detached $1,599,000 4 3.5 4661
13132 Thoma Rd Detached $2,469,900 5 4.5 5362
1677 Leslie Ln Detached $2,650,000 4 6.5 7534
17688 Upper Cherry Ln Detached $2,650,000 4 3.5+.5 5583

Pending Sales (May 6-12, 2019)

Address Type Price BR Baths Sq Ft CDOM
239 Cervantes Condo $199,000 2 2 1100 19
3433 McNary Pkwy #205 Condo $219,000 2 2 1008 14
155 Oswego Summit Condo $265,000 2 2 1506 13
48 Eagle Crest Dr 2E Condo $302,000 3 2 1623 34
4 Goya St Detached $349,900 4 3 3012 2
12866 Boones Ferry Rd Condo $385,000 2 2.5 1182 67
668 McVey Ave #12 Condo $400,000 3 1.5 992 0
4648 Rembrandt Ln Detached $460,000 3 2.5 1773 4
5385 Dawn St Detached $499,000 3 2 1513 0
50 Northview Ct Townhouse $499,900 3 2.5 2206 14
5301 Childs Rd Detached $539,900 3 2.5 1771 54
5371 Greystoke Dr Detached $545,000 3 2 1782 51
13786 Regency Ct Detached $550,000 3 2 2045 65
17763 Mardee Ave Detached $564,900 5 3 2300 3
4999 Bilford Ln Detached $579,000 3 2.5 1917 7
17651 Sydni Ct Townhouse $599,000 4 2.5 2651 62
6447 Frost St Detached $599,950 3 2.5 2227 408
1804 Oak Knoll Ct Detached $600,000 4 3 2667 418
13342 Auburn Ct Attached $614,900 3 2.5 2492 13
6 Scarborough Dr Detached $619,000 4 3 2513 5
1925 Glenmorrie Dr Detached $674,900 4 3 2697 3
17488 Mardee Ave Detached $699,900 4 2.5 2168 2
19198 Olson Ave Detached $735,000 4 2.5 2881 5
5227 Westfield Ct Detached $772,000 4 2.5 3091 4
2350 Southshore Blvd Detached $795,000 3 2.5 2236 10
14292 Meadow Grass St Detached $795,800 4 2.5 2759 5
5421 Bay Creek Dr Detached $799,900 4 2.5 3232 1
4581 Hastings Pl Detached $825,000 4 2.5 2985 5
1961 Summit Dr Detached $896,000 3 2.5 3137 51
3950 Edens Edge Dr Detached $1,249,000 4 3.5 4382 21
3127 Douglas Circle Detached $1,579,000 4 3.5 3870 170
1051 Sunningdale Rd Detached $1,695,000 4 3 4298 2

Sold/Closed (May 6-12, 2019)

Address Type List Price Sold Price Sq Ft CDOM
45 Eagle Crest Dr #204 Condo $205,000 $205,000 768 35
5225 Jean Rd Condo $299,500 $285,000 1,400 5
5911 Carman Dr Detached $320,000 $307,500 1168 7
12714 Boones Ferry Rd Detached $359,000 $334,000 996 44
1 Eagle Crest Dr Detached $389,000 $405,000 1265 5
5229 Rosewood St Detached $375,000 $407,000 1618 4
15008 Twin Fir Rd Detached $494,900 $421,500 3532 310
13369 Peters Rd Detached $599,999 $580,000 2474 179
2050 Wembley Park Rd Detached $715,000 $700,000 1868 107
5015 Parkhill St Detached $775,000 $750,000 2628 50
74 Touchstone Detached $849,000 $750,000 4584 22
15 Nansen Summit Detached $775,000 $777,000 3098 3
15585 Manchester Dr Detached $949,000 $815,000 3576 353
2286 Wembley Park Rd Detached $795,000 $825,000 2000 0
30 Hillshire Dr Detached $949,950 $875,000 3887 263

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

This Week in Lake Oswego ~ May 13-19, 2019

Lake Oswego Academy of Dance – Meals on Wheels Fundraiser Sunday May 19! Click HERE

Here are my picks for things happening this week!

Mon, May 13 2019– 3:00PM –  Baby Sign Language ~ -Learn what your baby is trying to communicate without words…and how to communicate back!  For babies 0-18 months and their Caregivers ~ Lake Oswego Public Library/Lower Level –  Info:  CLICK HERE

Tue, May 14, 2019 –  7:00-8:00PM – Turning Oswego’s Iron into Gold ~ Marylou Colver, founder of the Lake Oswego Preservation Society, talks about Lake Oswego’s roots as an Iron-Smelting town and its metamorphosis into a high-end Residential District. She specifically discusses the role that development mogul Paul C, Murphy had o the city. ~ Lake Theater & Cafe – 106 N State St (Presented by Lake Oswego Public Library)   Info:  CLICK HERE  

Wed, May 15, 2019 – 10:00-10:30AM – First Steps in Music (ages 1-3) ~ Every Wednesday you’re invited to explore the musical potential of your family…sing, dance, play with musical instruments…and have fun! Free admission to the indoor playground afterward. ~ CCP, 1060 Chandler Rd   –Info:  CLICK HERE     

Thu, May 16, 2019 4:00-5:30PM – All Things Yarn! ~ Always wanted to learn to knit? Experienced knitter who would enjoy hanging out with other knitters??  C’mon down/drop-in every third-Thursday. All ages welcome. ~  Lake Oswego Public Library/Lower Level  –Info:   CLICK HERE

Fri, May 17, 2019 9:30-10:30AM Little Masters ~ Ages 2-5 welcome with their parents. Touch, Smell, Explore Art in your own way! Every Friday ~ CCP, 1060 Chandler Rd  – Info: CLICK HERE

Sat, May 18, 2019 – 5:00 – 8:30PM ~ Arts Council of Lake Oswego presents Art in the Garden! ~ Sip some wine and enjoy delectable food from Nicolette’s Table on Pete’s Mountain along the beautiful grounds of Tumwater Vinyards, and enjoy a silent auction as well as demonstrations of technique by five local artists. All funds will go to the Gallery Without Walls project that brings such Life to the streets of Lake Oswego, as well as ARTspace Gallery. Sponsors include:  Stoel Rives, LLP, Nicoletta’s Table, Pacific West Bank, Lake Oswego Living Magazine, and Tumwater Vineyard. ~ 375 SW Barrel House Way, West Linn, OR ~    Info & Tickets : CLICK HERE

Sun, May 19, 2019 – 9:00AM-4:30PM ~ Meals on Wheels – Academy of Dance Fundraiser Performances! ~ Enjoy full-costume performances by over 450 Lake Oswego Academy of Dance students and support this wonderful  and important program.  Lake Oswego Adult Community Center, 505 G Ave   –Info & Tickets: CLICK HERE

 

Market Activity ~ Apr 29-May 5, 2019

There are a total of 289 homes for sale in Lake Oswego right now. Last week 26 New properties entered the market, 26 moved to Pending status, and 23 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Apr 29-May 5, 2019)

Address List Price # Beds # Baths Total SF Prop Type
4 TOUCHSTONE #84 $199,000 2 2 979 CONDO
668 MCVEY AVE #43 $265,000 1 1 636 CONDO
4268 WOODSIDE CIR $424,000 4 2 1944 TOWNHSE
17903 BELMORE AVE $469,900 5 2 2016 DETACHD
17761 DEEMAR WAY $519,900 3 2 1610 DETACHD
13342 AUBURN CT $614,900 3 2.1 2492 ATTACHD
4722 Amherst CT $624,000 3 2.1 2976 ATTACHD
6450 FROST ST $624,900 4 2.1 2216 DETACHD
435 7TH ST $699,000 2 2 2010 DETACHD
1570 BONNIEBRAE DR $739,000 5 3 3200 DETACHD
17566 BLUE HERON CT $774,800 4 3 2681 DETACHD
4 HILLSHIRE DR $778,000 4 2.2 3232 DETACHD
2350 SOUTHSHORE BLVD $795,000 3 2.1 2236 DETACHD
17144 WARREN CT $825,000 4 2.1 2778 DETACHD
2886 UPPER DR $924,995 4 3 2674 DETACHD
1691 VILLAGE PARK LN $1,090,000 4 3.1 3862 DETACHD
267 FURNACE ST $1,098,000 3 3 3493 DETACHD
2464 PALISADES CREST DR $1,100,000 5 3.1 4012 DETACHD
4613 DOGWOOD DR $1,175,000 5 3.1 4524 DETACHD
3125 ALBER SPRING CT $1,246,000 3 3.1 4177 DETACHD
17900 SARAH HILL LN $1,290,000 4 3 4186 DETACHD
994 COUNTRY CMNS $1,348,850 4 2.1 3968 DETACHD
3122 UPPER DR $1,349,900 4 4 3939 DETACHD
2575 SUMMIT DR $2,450,000 4 4.2 6244 DETACHD
1164 CRESTLINE CT $2,495,000 5 4.2 6800 DETACHD
15607 VILLAGE DR $2,698,000 5 3.1 5407 DETACHD

PENDING SALES (Apr 29-May 5, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
3433 MCNARY PKWY $235,000 2 2 1008 CONDO 4
48 EAGLE CREST DR 1B $314,000 3 2 1623 CONDO 28
12864 BOONES FERRY RD $389,900 2 2.1 1182 CONDO 34
18820 65TH AVE $495,000 3 2.1 2240 DETACHD 91
875 LAKE FOREST DR $499,500 2 1 979 DETACHD 90
18651 SW DON LEE WAY $524,900 4 2 1630 DETACHD 6
22 MORNINGVIEW CIR $574,900 3 2.1 2235 DETACHD 176
647 2ND ST $579,900 2 2 1457 ATTACHD 36
6435 FROST ST $579,950 3 2.1 1838 DETACHD 404
3595 TEMPEST DR $589,000 3 2 2126 DETACHD 28
19001 RED WING WAY $649,900 3 2.1 2116 DETACHD 4
4 GERSHWIN CT $664,900 4 4 3016 DETACHD 155
2227 HILLSIDE DR $675,000 4 3 3003 DETACHD 204
663 CARRERA LN $775,000 3 2 2197 DETACHD 31
2585 DELLWOOD DR $829,000 4 3.1 3749 DETACHD 33
17514 BROOKHURST DR $834,999 3 2.1 3521 DETACHD 4
5064 HASTINGS DR $839,000 5 2.1 3739 DETACHD 271
649 3rd ST $859,900 3 2.1 2274 CONDO
530 BOCA RATAN DR $895,000 4 3 3368 DETACHD 27
16560 Glenwood CT $899,000 3 2.1 2558 DETACHD 38
12391 CLARA LN $950,000 4 3 2972 DETACHD 5
154 BERWICK RD $1,039,000 5 3.1 3020 DETACHD 3
12816 ALTO PARK RD $1,198,000 5 4 3846 DETACHD 73
3210 CHILDS RD $1,239,000 3 2.2 2936 DETACHD 26
792 2ND ST $1,269,900 4 3 2786 DETACHD 87
17283 BLUE HERON RD $1,695,000 3 2.1 3797 DETACHD 76

SOLD (Apr 29-May 5, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
10 OSWEGO SMT $169,900 $155,000 1 1 764 CONDO 45
3930 LAKE GROVE AVE, # 2A $225,000 $220,000 2 1 952 CONDO 4
5225 JEAN RD #104 $288,000 $288,000 2 2 1400 CONDO 59
1349 BONNIEBRAE DR $329,500 $329,500 3 1.1 1311 TOWNHSE 30
1589 BOCA RATAN DR $378,500 $375,000 3 2 1611 TOWNHSE 37
870 LAKE FOREST DR $474,900 $432,250 3 2.1 1971 DETACHD 311
17270 BRYANT RD $519,000 $519,000 3 3 2047 DETACHD 2
116 GREENRIDGE CT $575,000 $575,000 3 3.1 2832 ATTACHD 1
16835 FERNWOOD DR $645,000 $580,000 4 2 1952 DETACHD 39
1038 OAK ST $629,900 $595,000 4 2 2594 DETACHD 252
515 ATWATER RD $637,625 $631,875 3 2.1 2746 DETACHD 37
5450 STERLING WAY $719,000 $719,000 4 2.1 2496 DETACHD 14
19357 RIVERWOOD LN $849,500 $840,000 4 2.1 2916 DETACHD 5
171 C AVE $879,000 $855,000 3 3 2308 ATTACHD 29
14232 KIMBERLY CIR $825,000 $900,000 4 3 3740 DETACHD 1
3335 CEDAR CT $975,000 $975,000 4 3 3800 DETACHD 6
18430 TAMAWAY DR $950,000 $975,000 5 2.2 3977 DETACHD 2
143 FURNACE ST / Uppert $1,250,000 $1,000,000 2 2.1 2245 CONDO 245
862 CEDAR ST $1,275,000 $1,175,000 4 3.1 3914 DETACHD 228
805 Evergreen $1,299,900 $1,179,900 5 4 2893 DETACHD 137
4146 LAKEVIEW BLVD $1,500,000 $1,450,000 4 3.1 3279 DETACHD 371
939 LAKE FRONT RD $1,999,000 $1,600,000 5 4 4106 DETACHD 574
1973 CHERYL CT $1,675,000 $1,637,500 5 4.1 6436 DETACHD 582

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.

May is Mental Health Awareness Month in Lake Oswego

I am extremely proud of my city. The month of May has been named Mental Health Awareness Month. Mental health has for centuries been ignored as a genuine problem, and even shamed. It is time for it to come out into the sunlight to be discussed, studied, and understood. As a youngster I lost 3 friends to suicide. My son lost one of his best friends to suicide. This is a subject that is very important to me and I am just so glad Lake Oswego has taken up the mantle.

Two different events are being hosted at the Lake Oswego Library:

Faces of Youth in Juvenile Detention, Thursday May 9, 7-8 p.m. This is a discussion of the use of art therapy in juvenile detention centers. It’s hosted by Paula Perkins, a graduate student at Lewis and clark College in the Art Therapy master’s program.

In Our Own Voice, Thursday May 23, 6:30-8:30 p.m. This is a unique public education presentation where two trained speakers share their stories of living with mental health challenges, from discovery to recovery.

These events are free. For information contact Alicia Yokoymama at 503-534-4228 or ayokoyama@lakeoswego.city

I also want to recommend a wonderful book by Judy Collins. Yes, that Judy Collins, famed for her incredible singing voice and classic songs like “Both Sides Now”. Judy lost her only child, her son Clark, to suicide. She has spent decades learning as much as she can on the subject and her book is well written, insightful, and very informative. Titled Sanity and Grace, I highly recommend it.

As always, thank you for reading the blotter,
Dianne

Market Activity April 22-28, 2019

The last couple of weeks have been extraordinarily beautiful! Temperatures in the high 60’s and low 70’s, clear, sunny skies, just about perfect! We have also had a very nice spring market. Last week Lake Oswego had 21 new listings come onto the market, 21 properties moved into pending status, and 10 closed/sold homes.

Following is the breakdown for you according to RMLS:

New on the Market (April 22-28, 2019)

Address Type Price BR Baths Sq Ft
239 Cervantes Condo $199,000 2 2 1100
3433 McNary Pkwy Condo $219,000 2 2 1008
3433 McNary Pkwy #104 Condo $219,500 2 2.5 1208
3433 Mcnary Pkwy Condo $235,000 2 2 1008
170 Oswego Summit Condo $259,950 2 2 1506
155 Oswego Summit Condo $265,000 2 2 1506
50 Northview Ct Townhouse $499,900 3 2.5 2206
18651 Don Lee Way Detached $524,900 4 2 1603
15790 Murwood Ct Detached $639,000 3 2.5 2075
16 Independence Ave Detached $749,900 5 3 3979
5332 Lower Dr Detached $799,000 3 2.5 2632
2651 Wembley Park Rd Detached $875,000 5 2.5 2068
12391 Clara Ln Detached $950,000 4 3 2972
3623 Eena Rd Detached $1,198,000 4 3.5 3429
17389 Bergis Farm Dr Detached $1,399,000 4 3.5 4784
18099 Green Bluff Dr Detached $1,650,000 4 3.5 5023
17138 Cedar Rd Detached $1,825,000 3 3.5 3017
1475 Oak Terrace Detached $2,450,000 3 3.5 3674
1149 Lake Shore Rd Detached $2,595,000 4 3.5 3445
18060 Eastridge Ln Detached $2,995,000 4 5.5 5111
13490 Fielding Rd Detached $3,999,888 6 6.5 8376

Pending Sales (April 22-28, 2019)

Address Type Price BR Baths Sq Ft CDOM
86 Kingsgate Rd I-204 Condo $227,500 2 2 840 6
172 Oswego Summit Condo $243,500 2 2 1383 61
5944 Burma Rd Detached $350,000 3 1 1378 33
15008 Twin Fir Rd Detached $419,900 7 2.5+.5+.5+.5 3532 310
16726 Carnegie Ave Detached $449,900 3 2 1368 16
4725 Jean Rd Detached $484,900 4 2 1433 27
18280 Indian Creek Dr Detached $498,800 3 2 1402 6
2130 Wembley Park Rd Detached $600,000 3 1.5 1544 2
2099 Wembley Pl Detached $665,000 4 2.5 2730 86
18034 Westview Dr Detached $699,900 4 2.5 3544 82
4362 Glacier Lily St Detached $719,000 4 2.5 2808 4
860 Skyland Dr Detached $800,000 4 3 4067 60
391 Livingood Ln Detached $899,000 5 3 3872 7
1525 Maple St Detached $999,999 4 3.5 3000 84
8 Sherwood Ct Detached $1,050,000 5 3 4073 90
1050 Schukart Ln Detached $1,099,000 4 3.5 5437 14
3906 Bass Ln Detached $1,199,000 4 3.5 4311 51
18977 Pilkington Rd Detached $1,295,500 4 3 3590 284
1023 Bayberry Rd Detached $1,399,900 3 2.5 2958 54
1128 Englewood Dr Detached $1,999,888 6 5.5 8981 154
353 G Ave Detached $2,198,000 4 3.5 5399 54

Sold/Closed (April 22-28, 2019)

Address Type List Price Sold Price Sq Ft CDOM
100 Kerr Pkwy #32 Condo $159,000 $153,000 617 5
40 Crestfield Ct Condo $184,900 $176,893 690 3
18430 Terry Ave Detached $460,000 $462,500 1568 5
125 Condolea Dr Condo $475,000 $475,000 2186 9
5835 Langford Ln Detached $575,000 $538,100 1850 11
18790 Bryant Rd Detached $649,000 $600,000 2489 17
24 Becket St Detached $649,900 $608,000 2527 16
5736 Southwood Dr Detached $760,000 $730,500 3120 59
11 Cellini Ct Detached $729,000 $753,000 3557 5
725 5th St Detached $1,199,900 $1,200,000 2748 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.

News & Notes ~ March 2019 Numbers

Here is your look at the most recent data for the entire Portland area (March 2019) and how Lake Oswego fits in to this picture just below.

According to the RMLS Market Action Report for the Portland Metro Area, March, 2019:

  • There were 3,504  New Listings in March 2019 which was down 3.9%  from March of 2018’s 3,648, and up substantially at 43.4% from the previous month/February’s 2,444.
  • At 2,183 March 2019’s Closed Sales cooled  7.9% from March 2018’s 2,371, BUT, were up quite a bit at 26.5 % from the previous month/Feb 2019’s total of 1,726.
  • March 2019’s Pending Sales (accepted offers), at 2,738 were down 5.4% down from March of 2018’s 2,894, but were ahead a whopping 24.0% from the previous month/Feb 2019’s total of  2,208.
  • The Average Sale Price in March 2019 of $447,900 was up $2,000 from last year/March 2018’s $445,900, and up from the previous month/Feb 2019’s $441,100 by nearly $7,000.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in March 2019 of $399,000 was up $4,000.00 from last year/March 2018’s $395,000, and down slightly/$900.00, from the previous month/Feb 2019’s $399,900.   

Neighborhoods: February’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $425,200              2.2%   (Feb 427,800)
    •                                                     YTD Median: $400,000
  • NE Portland:  $451,700                   2.0%   (Feb 462,400)
    •                                                     YTD Median: $400,000
  • SE Portland:  $431,400                   4.4%   (Feb 404,600)
    •                                                     YTD Median: $366,300
  • Gresham/Troutdale:   $374,600     4.8%   (Feb 348,400)
    •                                                     YTD Median: $350,000
  • Milwaukie/Clackamas:  $426,800  2.5%   (Feb 413,800)
    •                                                     YTD Median: $395,000
  • Oregon City/Canby:   $442,400      7.7%   (Feb 424,700 )
    •                                                     YTD Median: $395,000
  • Lake Oswego/West Linn:$651,300 2.2%   (Feb 677,000)
    •                                                      YTD Median: $550,000
  • West Portland:    $571,800             1.8%   (Feb 551,000)
    •                                                     YTD Median: $515,000
  • NW Wash County:  $502,000          0.0%   (Feb 504,300)
    •                                                      YTD Median: $500,000
  • Beaverton/Aloha:     $405,400       8.2%   (Feb 413,800 )
    •                                                     YTD Median: $381,000
  • Tigard/Wilsonville:   $445,300        5.5%   (Feb 469,400 )
    •                                                      YTD Median: $431,300
  • Hillsboro/Forest Grove: $405,000  4.3%   (Feb 379,600 )
    •                                                      YTD Median: $373,000

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of March 2019 reported:

    •  326 Active Listings  (Feb 317 )
    •  195 New Listings     (Feb 156)
    •  149 Pending Sales   (Feb 103)
    •  108 Closed Sales      (Feb 81)
    • Average Sale Price for March: $651,300  (Feb $677,000)
      • 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.
    •  94 Average Days on the Market   (Feb 108)

 

Market Activity ~ April 15-21, 2019

There are a total of 247 homes for sale in Lake Oswego right now. Last week 28 New properties entered the market, 22 moved to Pending status, and 18 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (April 15-21 2019)

Address List Price # Beds # Baths Total SF Prop Type
4625 LAKEVIEW BLVD / Grnd $199,900 1 1 753 CONDO
3433 MCNARY PKWY #211 $216,000 2 2 1008 CONDO
86 KINGSGATE RD #I-204 $227,500 2 2 840 CONDO
4041 JEFFERSON PKWY $279,900 1 1.1 1060 TOWNHSE
200 BURNHAM RD #404 $284,900 2 2 1325 CONDO
5061 FOOTHILLS DR G $335,000 2 2 991 CONDO
3982 CARMAN DR $349,900 3 2.1 1360 CONDO
18280 INDIAN CREEK DR $498,800 3 2 1402 DETACHD
68 Greenridge CT $515,000 3 2.1 2868 TOWNHSE
57 GREENRIDGE CT $539,000 2 2 1320 ATTACHD
2 CREEKSIDE TER $699,999 4 2.1 2906 DETACHD
4362 GLACIER LILY ST $719,000 4 2.1 2808 DETACHD
14580 UPLANDS DR $729,900 3 3 2120 DETACHD
18052 HOBBIT CT $759,000 4 3.1 3289 DETACHD
1058 HEMLOCK ST $777,000 4 3 2829 DETACHD
16705 GLENWOOD CT $875,000 5 3 4243 DETACHD
391 LIVINGOOD LN $899,000 5 3 3872 DETACHD
14865 TWIN FIR CT $999,000 5 3 3361 DETACHD
18000 PILKINGTON RD $1,140,000 3 3 3185 DETACHD
2937 RIVENDELL RD $1,200,000 4 3.1 4778 DETACHD
3950 EDENS EDGE DR $1,249,000 4 3.1 4830 DETACHD
893 10TH ST $1,295,000 4 2.1 2719 DETACHD
2085 RIDGE POINTE DR $1,299,900 5 4.2 6843 DETACHD
17525 CHERRY CT $1,365,000 5 3.1 4559 DETACHD
18135 CRESTLINE DR $1,495,000 4 2.1 2673 DETACHD
13596 GOODALL RD $1,599,000 4 4.1 3552 DETACHD
931 ATWATER RD $2,500,000 4 4.1 5059 DETACHD
16865 GREENBRIER RD $3,695,000 5 5 6404 DETACHD

PENDING SALES (April 15-21 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
5911 CARMAN DR $320,000 3 1.1 1168 DETACHD 7
5944 BURMA RD $350,000 3 1 1378 DETACHD 23
5229 ROSEWOOD ST $375,000 3 2 1618 DETACHD 4
38 WHEATHERSTONE $395,000 3 2.1 1692 CONDO 22
6 ORIOLE LN $400,000 3 2.1 1521 DETACHD 4
5226 TUALATA LN $468,950 3 2 1470 DETACHD 0
71 KINGSGATE RD $489,900 3 2.1 1727 DETACHD 30
17606 SYDNI CT $549,000 3 2.1 2442 TOWNHSE 40
4635 REMBRANDT LN $549,900 4 2.1 2056 DETACHD 7
647 2ND ST $579,900 2 2 1457 ATTACHD 19
1023 LUND ST $614,990 4 2.1 2313 DETACHD 3
14273 AMBERWOOD CIR $659,900 4 2.1 2480 DETACHD 330
13104 ROGERS RD $699,900 4 2.1 2715 DETACHD 2
2286 WEMBLEY PARK RD $795,000 3 3 2000 DETACHD 0
14232 KIMBERLY CIR $825,000 4 3 3740 DETACHD 1
128 NORTHSHORE RD $872,500 4 3 2695 DETACHD 52
14520 PFEIFER DR $882,000 4 3.1 4013 DETACHD 213
3822 LAKE GROVE AVE $1,195,000 5 3.2 5335 DETACHD 363
13047 KNAUS RD $1,195,500 4 3.2 4200 DETACHD 600
17620 BLUE HERON RD $1,365,000 4 3.1 4041 DETACHD 4
13214 AMBER PL $1,499,950 4 3.1 3993 DETACHD 343
13078 FIELDING RD $1,500,000 4 2 3936 DETACHD 15

SOLD (April 15-21 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #46 $159,900 $154,000 1 1 617 CONDO 39
45 EAGLE CREST DR #218 $179,900 $179,900 1 1 768 CONDO 9
274 CERVANTES / Main $227,000 $216,000 2 2 1209 CONDO 3
12884 BOONES FERRY RD $395,000 $395,000 2 2.1 1182 CONDO 11
732 ELLIS AVE $489,000 $455,000 3 2 1632 DETACHD 38
17297 BRYANT RD $529,000 $505,000 3 2 1428 DETACHD 51
5318 RED LEAF ST $475,000 $518,000 3 2 1428 DETACHD 5
17620 SYDNI CT $525,000 $520,000 3 2.1 2182 TOWNHSE 1
520 5TH ST $499,950 $531,200 2 1 953 DETACHD 5
5725 SOUTHWOOD DR $687,000 $687,000 4 2.1 2406 DETACHD 3
5200 WESTFIELD CT $775,000 $795,000 4 2.1 3132 DETACHD 4
17479 BROOKHURST DR $810,000 $818,350 4 2.1 3711 DETACHD 2
641 3rd ST $849,900 $849,900 3 2.1 2092 CONDO 134
6048 LAKEVIEW BLVD $849,000 $850,000 4 2.1 2640 DETACHD 128
17494 LAKE HAVEN DR $950,000 $850,000 2 2 2121 DETACHD 279
55 NORTHSHORE RD #1 $879,000 $850,000 3 2 2352 CONDO 15
951 LAKE FRONT RD $1,498,000 $1,245,000 3 2.1 1713 DETACHD 166
407 G AVE $1,980,000 $2,000,000 4 3.1 4635 DETACHD 12

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.

Safety Tips When Selling

Hand holding door knob with keys

Selling your home is generally very, very safe. This does not mean that you should not still take some simple precautions. Here are a few guidelines that I recommend to my clients.

Use a Realtor
It’s a very basic first step. First, Realtors go through back ground checks to gain a license in the State of Oregon. They are also finger printed. Our lockbox access ability is updated nightly. If a Realtor is convicted of a crime, they loose their license and their ability to access lockboxes is cut off immediately. Second, Realtors screen their clients. They make sure that they are viable and real buyers by having them get pre-approved with a lender. A professional Realtor does not want to waste their time or risk their own safety with someone who is putting on a con.

Put away jewelry, prescriptions, and small valuables
Even with strong due diligence from the Realtors who show your property, it is foolish to put out temptations that can be easily and quickly slipped into a pocket.

Never let someone tour your home that is not accompanied by their Realtor
No matter how convincing or friendly the person may seem, do not let them into your house. You have hired a Realtor and your professional is there to protect you by screening the person showing interest. Give them a copy of your agent’s business card or direct them to the phone number on the for sale sign.

Make Realtors use the lockbox
If a Realtor arrives to show the house and you have not yet left, don’t let them just go inside. Lock the house up and ask them to use the lockbox. This verifies that the person is in fact a bonafide agent in good standing.

That’s it. Just a few simple precautions and you and your home will be safe and secure.

I hope you found this helpful. As always, thanks for reading the blotter!
Dianne