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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News & Notes ~ February 2019 Numbers

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

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

  • There were 2,444 New Listings in February 2019 which was down 3.4%  from February of 2018’s 2,530, and also down  a whopping 19.8% from the previous month/January’s total of 3,048.  ***This was the coolest February since 2014 when the New Listings in Feb were 2,354.
  • At 1,726 February 2019’s Closed Sales were mixed. They cooled  4.4% from February 2018’s 1,806, BUT, rose a substantial 19.0 % from the previous month/Jan 2019’s total of 1,451.
  • February 2019’s Pending Sales (accepted offers), at 2,208 were also mixed: Down 5.5% down from February of 2018’s 2,337, AND, ahead 8.0% from the previous month/Jan 2019’s total of  2,045.
  • The Average Sale Price in February 2019 of $441,100 was basically unchanged/down just slightly ($800.00!) from last year/February 2018’s $441,900, and up from the previous month/Jan 2019’s $435,600 by $5,500.  
  • The “Median” Sale Price (so…the price smack dab in the middle of all sales) in February 2019 of $399,900 was up $14,900.00 from last year/February 2018’s $385,000, and also up about the same, $15,000, from the previous month/Jan 2019’s $384,900.   

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

  • North Portland:  $427,800              2.5%   (Jan 403,900)
    •                                                     YTD Median: $395,500
  • NE Portland:  $462,400                   3.2%   (Jan 439,500)
    •                                                     YTD Median: $393,300
  • SE Portland:  $404,600                   4.5%   (Jan 390,000)
    •                                                     YTD Median: $359,900
  • Gresham/Troutdale:   $348,400     5.7%   (Jan 349,300)
    •                                                     YTD Median: $349,900
  • Milwaukie/Clackamas:  $413,800  3.0%   (Jan 410,500)
    •                                                     YTD Median: $395,600
  • Oregon City/Canby:   $424,700      7.0%   (Jan 397,100 )
    •                                                     YTD Median: $393,000
  • Lake Oswego/West Linn:$677,000 1.9%   (Jan 664,200)
    •                                                      YTD Median: $547,000
  • West Portland:    $551,000             1.7%   (Jan 589,800)
    •                                                     YTD Median: $525,000
  • NW Wash County:  $504,300          1.3%   (Jan 559,600)
    •                                                      YTD Median: $510,000
  • Beaverton/Aloha:     $413,800       8.6%   (Jan 393,900)
    •                                                     YTD Median: $380,000
  • Tigard/Wilsonville:   $469,400       6.5%   (Jan 440,100)
    •                                                      YTD Median: $435,000
  • Hillsboro/Forest Grove: $379,600  5.0%   (Jan 391,500 )
    •                                                      YTD Median: $369,900

LAKE OSWEGO:

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

    •  317 Active Listings   (Jan 299 )
    •  156 New Listings     (Jan 185)
    •  103 Pending Sales   (Jan 94)
    •   81 Closed Sales      (Jan 82)
    • Average Sale Price for February: $677,000  (Jan $664,200)
      • 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.
    • 108 Average Days on the Market   (Jan 76)

 

Market Activity ~ March 4-10, 2019

There are a total of 205 homes for sale in Lake Oswego right now. Last week 20 New properties entered the market, 24 moved to Pending status, and 9 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (March 4-10, 2019)

Address List Price # Beds # Baths Total SF Prop Type
45 EAGLE CREST DR #204 $205,000 1 1 768 CONDO
192 CERVANTES $299,000 2 1.1 1275 CONDO
12884 BOONES FERRY RD $395,000 2 2.1 1182 CONDO
13786 REGENCY CT $560,000 3 2 2045 DETACHD
1651 LARCH ST $565,000 4 3 2225 DETACHD
5301 CHILDS RD $574,900 3 2.1 1783 DETACHD
18667 PILKINGTON RD $600,000 4 2.1 2512 DETACHD
17615 SYDNI CT $625,000 4 2.1 2651 TOWNHSE
18790 BRYANT RD $649,000 3 2.1 2489 DETACHD
24 BECKET ST $649,900 4 2.1 2527 DETACHD
1816 PALISADES LAKE CT $860,000 3 2.1 4598 DETACHD
15780 TWIN FIR RD $899,900 4 2.1 3107 DETACHD
3906 BASS LN $1,349,000 4 3.1 4311 DETACHD
3197 ALBER SPRING CT $1,489,000 4 4.1 4852 DETACHD
2130 WEMBLEY PL $1,498,000 3 3.1 3651 DETACHD
448 COUNTRY CLUB RD $1,549,000 4 3.1 4873 DETACHD
611 RIDGEWAY RD $1,650,000 4 5.1 4463 DETACHD
157 6TH ST $1,695,000 4 3.1 3614 DETACHD
353 G AVE $2,198,000 4 3.1 5399 DETACHD
1120 CRESTLINE CT $2,800,000 5 5.1 6440 DETACHD

PENDING SALES (March 4-10, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
233 CERVANTES / Grnd $199,900 2 1.1 1216 CONDO 107
1349 BONNIEBRAE DR $329,500 3 1.1 1311 TOWNHSE 30
4386 THUNDER VISTA LN $379,900 2 2.1 1980 CONDO 51
12802 BOONES FERRY RD $399,500 3 2.1 1182 CONDO 3
5318 RED LEAF ST $475,000 3 2 1428 DETACHD 5
210 S STATE ST #8 $499,000 3 2.1 1614 CONDO 4
2440 GREENTREE RD $509,900 3 1.1 1850 DETACHD 3
17000 GASSNER LN $519,000 3 2 1832 DETACHD 161
19 WALKING WOODS DR $545,000 3 2 2513 DETACHD 4
14425 HOLLY SPRINGS RD $559,000 4 3 2238 CONDO 61
1508 PINE ST $569,900 4 3 2300 DETACHD 1
6474 FROST ST $599,900 4 2.1 2216 DETACHD 173
4954 MULHOLLAND DR $599,900 3 2.1 2498 ATTACHD 4
4749 BLACK FOREST CT $639,900 4 2.1 2255 DETACHD 3
4 GERSHWIN CT $674,900 4 4 3016 DETACHD 101
17323 LAKE HAVEN DR $725,000 3 2.1 1900 DETACHD 185
11 CELLINI CT $729,000 5 3 3557 DETACHD 5
17890 KELOK RD $769,000 4 2.1 3095 DETACHD 48
30 HILLSHIRE DR $899,500 4 2.1 3887 DETACHD 263
903 ASH ST $999,000 3 2.1 2765 DETACHD 231
3730 RIVERS EDGE DR $1,039,000 4 2.1 3427 DETACHD 21
143 FURNACE ST / Upper $1,150,000 2 2.1 2245 CONDO 245
3101 WESTVIEW CT $1,299,000 4 3.1 4290 DETACHD 359
407 G AVE $1,980,000 4 3.1 4635 DETACHD 1

SOLD (March 4-10, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
200 BURNHAM RD #103 $233,000 $214,000 1 1 800 CONDO 35
163 OSWEGO SMT #163 $251,000 $250,000 2 2 1506 CONDO 14
16790 LAKE FOREST BLVD $349,900 $329,999 2 1 780 DETACHD 128
48 EAGLE CREST DR #5B $349,000 $335,000 3 2 1550 CONDO 17
16880 CORTEZ CT $455,000 $451,000 3 2.1 2313 DETACHD 21
5228 BONITA RD $479,999 $469,000 3 2 1310 DETACHD 166
1654 FIRCREST DR $519,000 $519,000 4 2.1 2346 DETACHD 1
5262 ROSEWOOD ST $650,000 $600,000 3 2 2275 DETACHD 100
3943 TEMPEST DR $749,900 $775,000 4 2.1 3714 DETACHD 4

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.

The Importance of Building Permits

Do I need a permit? That is the magic question that home owners get to contemplate when they take on a remodeling project. I am not going to tell you what needs or doesn’t need to be permitted. For the answer to that question you need to contact the city or county planning departments in the area that you live. What I will tell you is that permits are not something that you should avoid.

Think about it. Permits allow the oversight of an expert to be certain that the work you are doing is being done correctly.

I think home owners occasionally try to avoid getting permits for two reasons and both pertain to money. The first is the cost of the permit. It simply adds to the cost of the project. The second is the potential for increased property taxes. Depending on the scope of the remodeling, the increased value of your home comes to the attention of the tax assessor and that can increase your annual property taxes. Even so, please don’t avoid getting permits to save money.

The issue of permitted remodeling is a big factor when you go to sell a home. It is one of the questions that sellers are asked to answer on the seller’s property disclosure statement. Even if the work is beautifully done to the highest standards possible, if it wasn’t permitted, it is going to become an issue when you sell the property. Buyers have easy access to public records to see if the remodeling was permitted, as do appraisers. At a class I took in Wednesday I was told by an appraiser that if remodeling wasn’t permitted then it will not be included in the valuation of the property. So that master bedroom and bathroom addition will not be included as part of the house. Or worse, if the work was done badly, the appraiser will make a note of it and then the underwriter of the buyer’s new mortgage can call for after-the-fact permitting before the mortgage company will approve the loan. It is the job of the underwriter to approve the condition of the property as collateral for the loan.

It simply makes no sense to avoid spending money in the short run simply to have it shoot you in the foot in the long run. Make certain when you do remodeling that you are getting all necessary permits. It’s the right thing to do.
Dianne

Market Activity Feb 25-March 3, 2019

Last week in Lake Oswego 8 new listings came onto the market, 18 properties accepted offers and went into pending status, and 9 properties became sold/closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (Feb 25-March 3, 2019)

Address Type Price BR Baths Sq Ft
12866 Boones Ferry Rd Condo $385,000 2 2.5 1182
19 Walking Woods Dr Detached $545,000 3 2 2513
5835 Langford Ln Detached $575,000 2 2 1850
18049 Skyland Circle Detached $1,125,000 3 3 3717
1023 Bayberry Rd Detached $1,399,900 3 2.5 2958
3101 Douglas Circle Detached $1,438,950 5 4.5 4430
407 G Ave Detached $1,980,000 4 3.5 4635
420 Ridgeway Rd Detached $2,695,000 4 4 3505

Pending Sales (Feb 25-March 3, 2019)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #6 Condo $159,900 1 1 617 259
94 Oswego Summit Condo $245,000 2 2 1140 5
343 5th St #2 Condo $250,000 2 1 910 20
2071 Bonniebrae Dr Townhouse $379,900 3 2 1611 7
1410 Spruce St Detached $525,000 3 2 1242 15
5079 W Sunset Dr Attached $529,900 2 2.5 1734 81
5807 Ridgetop Ct Detached $660,000 5 2.5 2610 149
29 Spinosa Detached $664,900 3 2.5+.5 3262 3
45 Da Vinci St Detached $729,900 4 3.5 3122 4
4120 Southshore Blvd Detached $795,000 3 3 2079 2
4028 Orchard Dr Detached $825,000 4 2.5 3343 30
641 3rd St Condo $849,900 3 2.5 3343 134
5364 Langford Ln Detached $849,999 3 2.5 3022 32
17596 Greenbluff Dr Detached $934,900 4 2.5 3150 42
179 Iron Mountain Blvd Detached $1,175,000 5 4.5 5245 95
725 5th St Detached $1,199,900 4 3 2748 3
13750 Knaus Rd Detached $1,199,999 5 4 4773 354
939 Lake Front Rd Detached $1,699,900 5 4 4106 574

Sold/Closed (Feb 25-March 3, 2019)

Address Type List Price Sold Price Sq Ft CDOM
100 Kerr Pdwy #16 Condo $205,000 $208,000 823 2
4000 Carman Dr #40 Condo $269,000 $259,000 906 115
5225 Jean Rd #513 Condo $315,000 $292,000 1400 156
16061 Waluga Dr Detached $500,000 $439,000 676 88
5123 Jean Rd Detached $570,000 $547,000 2400 276
4451 Bernard St Detached $550,000 $550,000 1806 5
5326 Westfield Ct Detached $775,000 $752,500 3259 110
1813 Palisades Lake Ct Detached $1,015,000 $995,000 4119 302
1160 Northshore Rd Detached $1,898,000 $1,750,000 2794 302

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 ~ January 2019 Numbers

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

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

  • There were 3,048 New Listings in January 2019 which was up 22.0% from January of 2018’s 2,486, and more than double the previous month/Dec of 2018’s total of 1,255 .
  • At 1,451 January 2019’s Closed Sales cooled  10.9% from January 2018’s 2,311, and also 21.4 % from the previous month/Dec 2018’s total of 1,846.
  • January 2019’s Pending Sales (accepted offers), at 2,045 are down 11.5% down from January of 2018’s 2,311, and surged ahead 27.9% from the previous month/Dec 2018’s total of  1,599.
  • The Average Sale Price in January 2019 of $435,600 was down slightly/$800.00 from last year/January 2018’s $436,400, and also down a little from the previous month/Dec 2018’s $438,600 by $3,000.  
  • The Median Sale Price in January 2019 of $384,900 was down $5,100.00 from last year/January 2018’s $390,000, and also down the same from the previous month/Dec 2018’s $390,000.   

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

  • North Portland:  $403,900              2.8%   (Dec 388,700)
    •                                                     YTD Median: $379,500
  • NE Portland:  $439,500                   3.5%   (Dec 450,600)
    •                                                     YTD Median: $370,000
  • SE Portland:  $390,000                   5.5%   (Dec 425,900)
    •                                                     YTD Median: $357,000
  • Gresham/Troutdale:   $349,300     6.5%   (Dec 338,500)
    •                                                     YTD Median: $346,300
  • Milwaukie/Clackamas:  $410,500  3.6%   (Dec 427,500)
    •                                                     YTD Median: $389,900
  • Oregon City/Canby:   $397,100      6.4%   (Dec 428,600 )
    •                                                     YTD Median: $366,500
  • Lake Oswego/West Linn:$664,200 2.3%   (Dec 636,300)
    •                                                      YTD Median: $532,500
  • West Portland:    $589,800             3.1%   (Dec 588,800)
    •                                                     YTD Median: $525,000
  • NW Wash County:  $559,600          1.8%   (Dec 483,400)
    •                                                      YTD Median: $572,500
  • Beaverton/Aloha:     $393,900       8.8%   (Dec 381,600 )
    •                                                     YTD Median: $365,000
  • Tigard/Wilsonville:   $440,100       6.3%   (Dec 459,600 )
    •                                                      YTD Median: $410,000
  • Hillsboro/Forest Grove: $391,500  5.5%   (Dec 382,100 )
    •                                                      YTD Median: $372,500

LAKE OSWEGO:

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

    •  299 Active Listings   (Dec 296 )
    •  185 New Listings     (Dec 115)
    •   94 Pending Sales  (Dec 91)
    •   82 Closed Sales      (Dec 75)
    • Average Sale Price for January: $664,200  (Dec $636,300)
      • 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.
    •  76 Average Days on the Market   (Dec 76)

 

Market Activity ~ Feb 18-24, 2019

There are a total of 202 homes for sale in Lake Oswego right now. Last week 12 New properties entered the market, 21 moved to Pending status, and 12 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Feb 18-24, 2019)

Address List Price # Beds # Baths Total SF Prop Type
172 OSWEGO SMT, Main FLr $254,900 2 2 1383 CONDO
4643 LAKEVIEW BLVD/Upper $289,900 2 2 1178 CONDO
12714 BOONES FERRY RD $359,000 3 1 996 DETACHD
2071 BONNIEBRAE DR $379,900 3 2 1611 TOWNHSE
31 LADD ST $450,000 3 1 867 DETACHD
21 LADD ST $495,000 3 1.1 2436 DETACHD
45 DA VINCI ST $729,900 4 3.1 3122 DETACHD
2025 GLENMORRIE LN $780,000 3 2 2652 DETACHD
128 NORTHSHORE RD $897,500 4 3 2695 DETACHD
15672 QUARRY RD $999,000 3 1 1480 DETACHD
29 HILLSHIRE DR $1,150,000 4 2.1 4690 DETACHD
2912 WEMBLEY PARK RD $1,475,000 4 3.2 4389 DETACHD

PENDING SALES (Feb 18-24, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
104 OSWEGO SMT Lower $170,000 1 1 764 CONDO 22
63 OSWEGO SMT #63 $179,900 1 1 1058 CONDO 3
48 EAGLE CREST DR #5C $279,000 2 0.2 1443 CONDO 104
218 RIDGEWAY RD Main $284,000 2 1 914 CONDO 18
210 S STATE ST #2 $395,000 2 1.1 1715 CONDO 10
4514 LOWER DR Lower $409,000 3 2.1 1644 CONDO 12
2745 GREENTREE RD $450,000 2 2 1219 DETACHD 3
732 ELLIS AVE $489,000 3 2 1632 DETACHD 8
13371 PETERS RD $549,900 3 2.1 2340 DETACHD 5
13369 PETERS RD $580,000 4 2.1 2474 DETACHD 131
1359 LARCH ST $650,000 6 3 3168 DETACHD 88
17 WESTRIDGE DR $698,900 4 3.2 3533 DETACHD 34
18034 WESTVIEW DR $699,900 4 2.1 3544 DETACHD 23
1080 UPPER DEVON LN $775,000 3 2.1 2512 DETACHD 5
15545 VILLAGE PARK CT $779,950 4 2.1 2735 DETACHD 24
17644 TREE TOP LN $820,000 4 3.1 4240 DETACHD 17
5328 LOWER DR $824,900 4 2.1 2600 DETACHD 1
1628 LAKE FRONT RD $1,080,000 4 3 2470 DETACHD 35
13236 AMBER PL $1,499,950 4 3.1 3966 DETACHD 283

SOLD (Feb 18-24, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
13 OSWEGO SMT $169,900 $145,686 1 1 764 CONDO 441
750 1ST ST E31 $199,900 $175,725 1 1 986 CONDO 332
106 OSWEGO SMT #106 $235,000 $237,000 2 2 1140 CONDO 7
6015 FERNBROOK CIR $379,000 $410,800 3 1.1 1250 DETACHD 2
4546 DOGWOOD DR $500,000 $486,940 2 1 1010 DETACHD 20
5695 BURMA RD $479,900 $487,000 4 2.1 1934 DETACHD 4
3306 EDGEMONT RD $535,500 $510,000 4 2 1733 DETACHD 128
1 PREAKNESS CT $585,000 $568,000 4 3 2373 DETACHD 4
5515 LANGFORD LN $600,000 $584,000 2 2 1830 DETACHD 2
14293 AMBERWOOD CIR $679,000 $684,000 4 3 2576 DETACHD 3
905 LAUREL ST $939,000 $936,971 3 3.1 2906 DETACHD 5
310 CHANDLER PL $2,150,000 $1,825,000 4 3.1 3867 DETACHD 168

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.

Design Trends for 2019

I find design trends fascinating. When done well they are exciting and something we work to incorporate into our homes. When bad, they are entertaining because I’m curious to see if they will actually catch on. I compiled this list using multiple sources which I have sighted at the end of this post.

Let’s start with trends that are “out”:

Eclectic clutter, boho accessories, too much junk, it comes by many names but it pretty much boils down to rooms that are over loaded with art, pillows, trims and furniture. I find myself asking, was this ever in style? Clean and orderly never goes out of style.

Cherry cabinets. I would agree with this one. A recent article in The Oregonian stated that 43% of home owners want white cabinets. I do think wood cabinets are still popular, but white is making a come back.

Solid-white-quartz counters. I think it’s the white component. As previously stated, white cabinets are popular and white counters with white cabinets are not enough contrast to showcase a beautiful room.

Gallery walls. These are entire walls that are filled with photos and art. I think this falls in line with eclectic clutter, found at the top of this list.

Word art. Whether painted onto the wall or done with large letters that are hung on the wall, this is a design trend that has been around for a very long time. I’m glad to see it go.

Kitchen islands. Really? I mean, really? Don’t we all want a kitchen that is large enough to hold a kitchen island? I don’t think I see this one panning out. The rational is that islands take up a lot of space and provide very little storage. Hmmmm…I don’t see kitchen islands going out of style but time will tell.

Here are the trends that are foreseen as leading design changes for 2019:

Sustainability. This applies to both the materials used and the source of the materials. This one makes total sense to me and is long over due. There are gorgeous woods available in our region without having to log trees out of the rain forests of South America. In line with this concept are materials that are natural and hand made.

Biophilia. This terms is the concept that people and nature are integrated and our homes should reflect that. Think of rooms with large walls and windows that can be opened to to bring the outside in. Back yards with out door living spaces that include comfortable furniture and full cooking capability. It also ties into the sustainability idea by using natural fibers, stone, wood, and natural lighting.

70’s chic, Memphis design, it has quite a few names. The concept is the use of primary colors and graphic shapes. Tile in particular is heavily influenced by this. There is lots of use of geometric shapes and patterns.

Blush pink. One website referred to it as “millennial pink”. That gave me a laugh.

Wall papers and floral prints, oh my. This is one where I want to put out a public service announcement to “just say no”. As you can tell, I’m not a fan.

Vintage lighting. Light fixtures are such an affordable way to update a house. The vintage stuff out there is fantastic. Go with this one.

90% white and 10% color. White is in.

Mixed metals. Brushed bronze was predicted a few years ago to take over brushed nickel in faucets, hardware and kitchen knobs. That didn’t pan out. I think brushed nickel is still far more popular than other metals. Perhaps mixing the metals is a more gentle manner of transitioning. Copper and brass are now commonly found in fixtures and hardware.

These trends appear to be a toss up. Some lists put them on the “out” list, and some put them on the “in” list:

Velvet furniture. Is it plush and funky? Is it dated and stodgy? I think it comes down to what you like. If you like it, go for it.

Jewel tones. These are bold blues, reds, greens, the colors of sapphires, rubies, and emeralds. Like the velvet furniture, it’s both in and out. If you like it, go for it.

Concrete floors and counters. This trend has always been edgy. I personally think it is a material source that is sustainable and practical but it needs to be the right house. It does not belong in a Georgian Colonial. It would do really well in a ultra-modern loft.

We shall see which of these bear out to be true. Happy house hunting!
Dianne

Sources for this blog post included:
elledecor.com
decoraid.com
houzz.com
Realtor.com
The Oregonian

Market Activity Feb 11-17, 2019

Last week in Lake Oswego 15 new listings came onto the market, 15 properties accepted offers and went into pending status, and 7 properties became sold/closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (Feb 11-17, 2019)

Address Type Price BR Baths Sq Ft
63 Oswego Summit Condo $179,900 1 1 1058
668 McVey Ave #55 Condo $299,900 1 1 636
5225 Jean Rd #603 Condo $305,000 3 2 1400
1410 Spruce St Detached $525,000 3 2 1242
13371 Peters Rd Detached $549,900 3 2.5 2340
16835 Fernwood Dr Detached $645,000 4 2 1942
1080 Upper Devon Ln Detached $775,000 3 2.5 2512
12645 Boones Ferry Rd Detached $799,900 5 2 3036
917 Laurel St Detached $987,000 4 3.5 3182
4320 Haven St Detached $1,200,000 4 3.5 4526
12816 Alto Park Rd Detached $1,295,000 5 4 3846
18325 Crestline Dr Detached $1,525,000 5 4 5418
17283 Blue Heron Rd Detached $1,695,000 3 2.5 3797
16511 Maple Circle Detached $1,925,000 3 2.5 3338
920 Westpoint Rd Detached $4,300,000 4 4.5 6337

Pending Sales (Feb 11-17, 2019)

Address Type Price BR Baths Sq Ft CDOM
343 5th St #2 Condo $250,000 2 1 910 6
163 Oswego Summit Condo $251,000 2 2 1506 14
4765 Firwood Rd Detached $474,000 3 2 1716 7
18820 65th Ave Detached $485,000 4 2.5 2268 13
6238 Dawn St Detached $505,000 3 2 1414 19
17297 Bryant Rd Detached $529,000 3 2 1428 27
17156 Rebecca Ln Detached $539,000 4 2.5 2026 43
5153 Jean Rd Detached $547,000 8 3 2400 276
939 Devon Ln Detached $574,900 3 2 2165 129
3830 Tempest Dr Detached $599,900 3 2.5 3099 5
18140 Pioneer Ct Detached $965,000 4 3 2524 187
780 Briercliff Detached $1,138,000 5 3.5 3061 39
4212 Southshore Blvd Detached $1,175,000 4 4 3127 55
17522 Bryant Rd Detached $1,324,000 4 4 3545 23
13705 Knaus Rd Detached $1,650,000 4 3.5 5339 296

Sold/Closed (Feb 11-17, 2019)

Address Type List Price Sold Price Sq Ft CDOM
121 Oswego Summit Condo $195,000 $182,200 764 52
17040 Fernwood Dr Detached $575,000 $475,000 2399 211
3857 Bass Ln Detached $650,000 $632,000 2608 55
12 Da Vinci Detached $785,000 $720,000 2959 201
19463 Lorna Ln Detached $999,500 $920,000 4055 208
1810 Northshore Rd Detached $1,750,000 $1,450,000 3529 234
3120 Upper Dr Detached $2,350,000 $2,300,000 4575 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.

Featured Neighborhood: Lakewood

Lake Oswego has 24 recognized neighborhood associations. Having a neighborhood association is not the same as having a Home Owner’s Association. While some neighborhood associations do have HOA’s many do not. This means that the neighborhood association is not so much about organizing or restricting home owners, and it is more about organizing as a group to communicate with city planning and simply as neighbors to coordinate ideas and activities. Today we are going to take a look at the Lakewood neighborhood.

I don’t think it is the smallest neighborhood in Lake Oswego, but it is certainly one of the smallest. My estimation is that it has about 200 single family homes and another 200 condominiums. The boundaries are State Street on the East, McVey Avenue on the South, West Point Rd on the West, and the junction of Northshore Blvd and Cabana Lane on the North.

Geographically it is pretty much a peninsula. The water boundaries are Lakewood Bay and the main lake.

It very much has a European village feel. The peninsula is taller in the middle with the streets tightly meandering around the curvature of the elevation as well as the water. It is an old neighborhood and has many grand homes that date back nearly a hundred years. Mixed into these houses are new homes that have been built, and that will continue to be built, as the smaller homes age out and become out-of-character to the changing surroundings.

The center piece of the neighborhood is the Lakewood Center for the Arts. Built in 1928, this was originally Lakewood School. It was the original school of Lake Oswego serving, I believe, kindergarden to 8th grade. My information is based upon what I found on line but also on my Mom’s best friend, now in her 80’s, who attended Lakewood School as a child. In the early years kids from LO had to take a bus into Portland to go to High School before Lake Oswego High was built in 1951. Today the Lakewood Center is the home of the Lakewood Theater, theater classes for all ages, the Festival of the Arts, and a second hand store that serves as a funding source for the art center.

While most of the homes in the Lakewood neighborhood are right on the lake, those that are not on the water enjoy the proximity to the Lake Oswego swim park, which is located in this neighborhood.

The walking score for homes in this neighborhood are some of the best to be found. On the Eastern edge you can literally walk across the street to restaurants and shopping. Living on the Western edge adds about half a mile to that distance. It is also a short walk to the Farmer’s Market, Millenium Plaza and the Lake Theater and Cafe for first-run movies.

Pricing is at the extreme ends for Lake Oswego. Looking at what is currently offered for sale, the least expensive is a 2 bedroom and 1 bath condo that was built in 1948. It has been nicely updated and is very clean and bright. It has 914 square feet with views of the lake and an assigned carport. The asking price is $284,000. The most expensive homes are typically right out on the point of the peninsula. They have expansive views that look down the lake but also look out on each side to be truly panoramic. The most expensive house currently listed is a 1936 mansion that has 6337 square feet. It has been fully updated and remodeled to today’s highest standards, yet the remodeling has been done with respect and preservation of the historic glamour of the home. It has 4 bedrooms and 4 1/2 baths. The asking price is $4,300,000.

The Lakewood neighborhood is really special. It’s quaint, yet exquisite, a rare combination. Please let Linda or I know if you would like more information.
Dianne

Market Activity Feb 4-10, 2019

Snowy temperatures have given way to 40 degrees and lots of rain. I kinda miss more snow, but I’m grateful for the rain. We need it to stay lush and green this spring and summer.

Market activity last week in Lake Oswego felt more normal than the week before. We had 16 properties come onto the market, 18 properties that went into pending status, and 8 sold/closed homes. What I am watching as we head into the spring market are those pending sales. Strong pending sales, which I think of as being near the same number as new listings, were well balanced.

Following is the breakdown for you according to RMLS:

New on the Market (Feb 4-10, 2019)

Address Type Price BR Baths Sq Ft
100 Kerr Parkway #46 Condo $166,500 1 1 617
10 Oswego Summit Condo $169,900 1 1 764
47 Eagle Crest Dr #3 Condo $207,000 2 1 932
343 5th St #2 Condo $250,000 2 1 910
1349 Bonniebrae Dr Townhouse $329,500 3 1.5 1311
1589 Boca Ratan Dr Townhouse $378,500 3 2 1611
210 S State St #2 Condo $395,000 2 1.5 1715
4765 Firwood Rd Detached $474,000 3 2 1716
875 Lake Forest Dr Detached $499,500 2 1 979
3830 Tempest Dr Detached $599,900 3 2.5 3099
515 Atwater Rd Detached $637,625 3 2.5 2746
13388 Auburn Ct Townhouse $649,500 3 2.5 2492
13581 Rogers Rd Detached $1,099,950 4 2.5 2971
520 C Ave Attached $1,238,000 3 4 3242
3096 Wembley Park Rd Detached $1,575,000 5 4 4165
16470 Phantom Bluff Ct Detached $2,699,900 4 4.5 4975

Pending Sales (Feb 4-10, 2019)

Address Type Price BR Baths Sq Ft CDOM
121 Oswego Summit Condo $185,000 1 1 764 52
200 Burnham Rd #103 Condo $218,000 1 1 800 35
5225 Jean Rd #513 Condo $299,000 3 2 1400 156
293 Cervantes Townhouse $335,000 3 2.5 1384 77
48 Eagle Crest Dr 5B Condo $349,000 3 2 1550 17
16200 Pacific Hwy #26 Condo $410,000 2 2 1190 78
3283 Duncan Dr Detached $575,000 4 3 2915 6
1 Preakness Ct Detached $585,000 4 3 2373 4
838 Ash St Detached $599,000 4 1.5 2741 199
1010 Upper Devon Ln Detached $649,000 4 2.5 3068 144
5474 Bay Creek Dr Detached $649,900 4 2.5 2322 15
3943 Tempest Dr Detached $749,900 4 2.5 3714 4
2120 Ridgewood Rd Detached $779,000 4 2 2382 5
8 Yorick St Detached $799,900 5 3 3451 131
18048 Eastridge Ln Detached $999,900 4 3.5 4336 426
1451 Horseshoe Curve Detached $1,198,000 3 2 2062 13
1122 Bayberry Rd Detached $1,498,000 5 3 3259 19
3130 Douglas Circle Detached $1,595,000 4 3.5 4063 189

Sold/Closed (Feb 4-10, 2019)

Address Type List Price Sold Price Sq Ft CDOM
237 Cervantes Condo $215,000 $187,000 1216 185
48 Crestfield Ct #48 Condo $223,800 $215,000 921 17
16224 Lake Forest Blvd Detached $429,900 $429,900 1300 10
17043 Crestview Dr Detached $539,500 $484,000 2302 78
975 Lund St Detached $579,900 $501,700 2300 106
127 Condolea Dr Condo $529,000 $539,000 2273 4
936 Evergreen Rd Detached $1,975,000 $1,975,000 3772 6
3300 Upper Dr Detached $2,000,000 $2,000,000 2200 5

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.