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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Real Estate Cycles of Aging Homes

Real estate is rather similar to fashion: there are trends and styles that come and go. What is hot today will not be hot tomorrow. I find it fascinating.

Growing up my Dad worked for a large corporation that required that to be promoted he had to move. My Dad was hard working and successful and we moved a lot. My folks knew when they bought at house that they’d be selling it in 3-5 years. They knew that they had to buy something that they could easily sell. This is why they favored new construction. It worked. Their homes always sold easily and they did very well with their real estate investments.

This leads me to scenario #1: new homes. They are the latest in what’s popular. Builders build homes to sell them and make a profit. They study the market and are absolutely on the cutting edge of the latest trends. What is hot right now is ultra contemporary. Houses with dramatic expanses of flat and angular roofs, big windows with soaring vaults, great rooms, massive master suites, these are all part of the current formula.

Scenario #2: a house that is 15-30 years old. These are the houses that used to be hot, but the styles have changed. They are also just new enough that everything still works, but that the useful life of some of the expensive components (think roof, furnace, air conditioning) is nearing the end of its expected life. I think this is the roughest stage in the life of a house. Buying one of these houses will be a great value. Here in LO, you’ll get a lot for the money. The houses have the big spaces with good sized rooms and 3-car garages, but probably need remodeling. It takes money to bring these houses in line with what is “hot”. You’ll get out of them what you put into them. They are a great investment.

Scenario #3: the golden age that stretches into the future. These are houses that have aged past what is “hot” and have become classic. That is what is happening right now with houses built between 1960 and 1980. The NW Contemporaries that were so popular when they were built have become architecturally important and truly stunning when in good condition. This is the time when all of the maintenance and up keep pays off. A house that is well cared for through the ages will remain a great investment and hold onto and build in value. This golden age includes the post WWII cottages in First Addition, the farm houses and bungalows in Lake Grove, and the 1950’s daylight ranches in Palisades. These houses have aged to a point where what’s in style no longer impacts them, they are classic.

As a house ages the various owners will be making lots of decisions about improvements and remodeling. That is human nature. I want to make what I think is an important point: respect the era of the home. Please don’t try to make a 1923 bungalow into a contemporary by taking out all of the original wood work and tearing out all of the walls. I showed a bungalow just recently that my buyer was super excited to see. We walked in and there it was, a massive, floor-to-ceiling fireplace completely refaced in lava rock. I’m sure it seemed like a good idea in about 1980, but today it’s an eyesore. The house would be so much more desirable if the original fireplace was still there. Do upgrade components like the furnace. Do upgrade the energy efficiency. Do the maintenance and keep the house clean and painted. But also appreciate the architecture of the original design. If that is respected, the house will truly shine.

I want to end by showing the before and after of a 1982 house in Mountain Park. This is a perfect example of how a style reaches the “classic” status. The before photo was from when the house sold in 2011. It had grown a little “tired” but had all of those great contemporary lines. The after photo is from about a month ago. The current owners appreciated the clean lines and have made that house shine, all while honoring the original design. This house is aging well. It sold in about 12 hours when it hit the market.

None of this is based on anything more than my observations. I love new homes, and I love older homes. Houses are pretty interesting, if you ask me.
Dianne

Market Activity July 2-8, 2018

The Lake Oswego real estate market remains strong and is singing right along. Last week new listings were down a bit at just 14, which is totally logical considering it was a big holiday week. Pending sales remained strong at 27, and closed/sold properties were steady at 18.

Following is the breakdown for you according to RMLS:

New on the Market (July 2-8, 2018)

Address Type Price BR Baths Sq Ft
4000 Carman Dr A10 Condo $218,500 2 2 836
51 Condolea Ct Condo $510,000 3 2.5 2198
18440 Sandpiper Circle Detached $529,900 3 2 1447
58 Touchstone Detached $540,000 3 2 1674
16106 Lake Forest Blvd Detached $649,900 5 2 3440
15550 Quarry Rd Detached $875,000 4 3 2741
13188 Twin Creek Ct Detached $887,500 4 2.5 3480
1604 Country Club Rd Detached $900,000 3 3.5 3878
3953 Bass Ln Detached $1,095,000 4 3.5 3301
211 Furnace St Detached $1,195,000 4 3.5 3301
686 Ridgeway Rd Detached $1,249,000 5 3 3048
143 Furnace St Condo $1,250,000 2 2.5 2245
17283 Blue Heron Rd Detached $1,795,000 3 2.5 2813
17210 Cedar Rd Detached $2,095,000 4 3 2813

Pending Sales (July 2-8, 2018)

Address Type Price BR Baths Sq Ft CDOM
16250 Pacific Hwy #81 Condo $199,000 1 1 841 3
4000 Carman Dr E82 Condo $199,023 2 1 827 7
4 Touchstone #99 Condo $210,000 2 2 984 5
6924 Montauk Circle Condo $267,000 3 2 1092 3
3876 Botticelli St Condo $285,000 2 2 1124 4
16250 Pacific Hwy #76 Condo $325,000 3 2 1745 117
5064 Foothills Dr F Condo $349,900 2 2 1252 61
4308 Botticelli St Townhouse $394,950 3 3.5 2098 31
5835 Carman Dr Detached $424,900 3 2.5 1650 81
17839 Tamara Ave Detached $445,000 3 1.5 1562 14
55 Northshore Rd #9 Condo $450,000 2 1.5 2025 385
19019 Terry Ave Detached $489,900 3 2 1412 27
4 Gershwin Ct Detached $490,000 4 3.5 2930 15
5020 Lakeview Blvd Detached $499,000 3 2 1211 6
1400 Lee St Detached $579,900 5 3 2840 15
49 Tanglewood Dr Detached $580,000 4 2.5 2491 24
5540 Bay Creek Dr Detached $650,000 3 3 2130 46
17441 Blue Heron Dr Detached $650,000 4 3 2265 88
4087 Coltsfoot Ln Detached $659,900 3 2 2640 64
4261 Glacier Lily St Detached $694,500 4 2.5 2693 94
17502 Erin Ct Detached $724,900 4 3 3056 49
1731 Woodland Terrace Detached $745,000 4 2.5 2714 11
2212 Glenmorrie Ln Detached $1,150,000 5 2.5 3722 28
18137 Meadowlark Ln Detached $1,299,000 4 4.5 5306 303
893 Cedar St Detached $1,375,000 4 3.5 3740 182
2912 Wembley Park Rd Detached $1,450,000 4 3.5+.5 4389 143
340 Ridgeway Rd Detached $2,230,000 4 4 4411 2

Sold/Closed (July 2-8, 2018)

Address Type List Price Sold Price Sq Ft CDOM
21 Oswego Summit Condo $170,000 $170,000 764 46
20 Cervantes Circle Condo $200,000 $200,000 912 9
86 Kingsgate Rd E202 Condo $239,900 $239,900 924 3
48 Eagle Crest Dr 4E Condo $299,000 $299,000 1489 48
1381 Bonniebrae Dr Townhouse $305,000 $310,000 1303 3
19350 Marlin Ave Detached $569,000 $550,000 1820 56
4846 Redwing Way Detached $549,900 $565,000 1607 16
748 1st St Detached $600,000 $600,000 1404 0
2660 Lookout Ct Detached $624,500 $619,500 2565 43
13805 Regency Ct Detached $659,000 $649,000 2087 6
18462 Anduin Terrace Detached $725,000 $675,000 2982 103
20 Independence Ave Detached $724,900 $714,000 3900 4
1121 Devon Ln Detached $849,900 $820,000 2968 103
16101 Parelius Circle Detached $1,165,000 $875,000 3974 235
4090 Westbay Rd Detached $925,000 $925,000 2078 1
540 Northshore Rd Detached $899,000 $925,000 2646 1
1925 Cheryl Ct Detached $1,848,000 $1,800,000 5869 26
14390 Uplands Dr Detached $3,888,000 $3,819,000 7656 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.

Market Activity ~ June 25-July 1, 2018

Last week 35 New properties entered the market in Lake Oswego, 25 moved to Pending status, and 25 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (June 25-July 1, 2018)

Address List Price # Beds # Baths Total SF Prop Type
47 EAGLE CREST DR #52 $149,900 1 1 666 CONDO
4 TOUCHSTONE #99 $210,000 2 2 984 CONDO
4000 CARMAN DR #E74 $210,000 2 2 836 CONDO
3954 CARMAN DR $340,000 2 2.1 1132 CONDO
4095 JEFFERSON PKWY $379,500 2 2.1 1710 CONDO
18609 KRISTI WAY $439,999 3 1 1154 DETACHD
4862 INDIAN CREEK CT $524,500 3 2 1390 DETACHD
1841 CLOVERLEAF RD $525,000 5 3 2190 DETACHD
17797 OVERLOOK CIR $574,900 4 2.1 2908 DETACHD
13413 VERMEER DR $629,900 4 3.1 2529 DETACHD
1871 KILKENNY DR $649,000 5 2.1 3086 DETACHD
4848 LOWER DR $699,000 4 3 2548 DETACHD
1445 GREENTREE CIR $749,000 4 3 2662 DETACHD
2972 VALE CT $750,000 4 2.2 3120 DETACHD
934 ASH ST $794,900 4 2.1 1982 DETACHD
17435 UPPER CHERRY LN $799,000 3 2.1 3384 DETACHD
13947 MAJESTIC CT $835,000 3 3 2822 DETACHD
5099 LAKEVIEW BLVD $849,000 3 3.1 2747 DETACHD
1159 BAYBERRY RD $949,000 4 2.1 2508 DETACHD
6335 Burma RD $989,900 4 4 3508 DETACHD
3710 MARQUIS CT $998,000 4 3.1 3827 DETACHD
19463 LORNA LN $999,500 4 3.1 4055 DETACHD
17808 HILLSIDE WAY $1,100,000 4 3.1 3045 DETACHD
418 NORTHSHORE RD $1,129,000 3 2 2838 DETACHD
3540 RED CEDAR WAY $1,150,000 5 3.1 4023 DETACHD
12975 SW ELK ROCK RD $1,199,000 5 3.1 4579 DETACHD
820 FAIRWAY RD $1,298,000 4 3.1 3758 DETACHD
19125 35TH PL $1,349,900 4 4.1 5153 DETACHD
817 HOODVIEW LN $1,369,000 5 4 4141 DETACHD
4212 SOUTHSHORE BLVD $1,398,000 4 4 3129 DETACHD
13010 KNAUS RD $1,435,000 4 3.1 4470 DETACHD
1277 CHANDLER RD $1,998,000 4 3.1 4500 DETACHD
4011 WESTBAY RD $2,100,000 5 3.1 4518 DETACHD
14335 FOSBERG RD $2,250,000 5 3.2 6526 DETACHD
1075 CHANDLER RD $2,300,000 5 4.1 5710 DETACHD

PENDING SALES (June 25-July 1, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
65 GALEN ST / Grnd $169,900 1 1 690 CONDO 26
16250 PACIFIC HWY #51 $189,900 1 1 841 CONDO 44
532 S STATE ST / Grnd $215,000 1 1 829 CONDO 48
18821 LONGFELLOW AVE $389,000 3 1 946 DETACHD 17
45 GREENRIDGE CT $394,900 3 2.1 1645 TOWNHSE 7
1731 ASPEN CT $419,500 3 2 1440 DETACHD 10
668 MCVEY AVE #54 $499,000 3 1.1 992 CONDO 48
5751 WASHINGTON CT $500,000 5 2 2120 DETACHD 4
710 BRIERCLIFF LN $585,000 3 2.1 1906 DETACHD 4
1179 LARCH ST $609,900 3 2 3206 DETACHD 6
5564 BONITA RD $619,000 3 2.1 2435 DETACHD 40
760 TIMBERLINE DR $639,900 4 3 3058 DETACHD 5
5685 CHARLES CIR $700,000 4 2 2542 DETACHD 5
15 DEL PRADO ST $725,000 4 2.1 2185 DETACHD 8
15818 SPRINGBROOK CT $849,500 3 3 2538 DETACHD 77
1828 PALISADES TERRACE DR $880,000 4 2.1 3264 DETACHD 33
18265 RIVER EDGE CT $1,020,000 3 3.1 3464 DETACHD 56
740 7TH ST $1,195,000 7 7 5431 DETACHD 410
721 7TH ST $1,249,000 4 3.1 4544 DETACHD 58
140 BERWICK RD $1,295,000 4 2.1 3114 DETACHD 43
1903 EGAN WAY $1,448,000 3 2.1 2795 DETACHD 5
635 IRON MOUNTAIN BLVD $1,589,000 5 3.1 4736 DETACHD 64
18296 MEADOWLARK LN $1,698,000 5 3.1 5770 DETACHD 84
1460 SKYLAND DR $1,795,000 4 4.1 4760 DETACHD 23
14390 UPLANDS DR $3,888,000 4 4.1 7656 DETACHD 0

SOLD (June 25-July 1, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #4 $205,900 $210,900 2 2 823 CONDO 2
40 OSWEGO SMT / Upper $215,000 $223,000 2 2 1140 CONDO 4
3852 BOTTICELLI ST $279,000 $301,000 3 2 1224 CONDO 2
5055 FOOTHILLS DR B $339,000 $314,500 3 2 1252 CONDO 252
8 BRITTEN CT $399,900 $390,000 2 2 1175 ATTACHD 36
16141 PARKER RD $435,000 $415,000 3 1 1008 DETACHD 24
14796 DAVIS LN $459,900 $455,000 3 2.1 1964 ATTACHD 212
10 CHURCHILL DOWNS $515,000 $497,000 4 3 2080 DETACHD 36
6123 FROST LN $510,000 $500,000 3 2.1 2214 DETACHD 0
14555 SHERBROOK PL $549,900 $550,000 4 2.1 2942 DETACHD 8
4746 AMHERST CT $610,000 $595,000 3 2.1 2985 ATTACHD 310
4007 BRIAN CT $650,000 $638,500 4 2.1 2282 DETACHD 5
1458 GREENTREE CIR $680,000 $650,000 4 2.1 2156 DETACHD 17
17986 SAINT CLAIR DR $725,000 $685,000 4 3 2750 DETACHD 19
5747 VICTORIA CT $694,000 $694,000 4 2.1 2432 DETACHD 28
303 LAKE BAY CT $700,000 $700,000 3 2.1 1563 DETACHD 0
6073 CARMAN DR $729,900 $712,500 3 2.1 2751 DETACHD 210
5676 SUNCREEK DR $919,000 $865,000 4 3.1 3312 DETACHD 32
475 IRON MOUNTAIN BLVD $899,900 $889,900 5 3.1 3254 DETACHD 23
4190 CHAD DR $925,000 $905,000 4 3.1 3818 DETACHD 40
5047 WOODCREST LN $925,000 $931,500 4 3.1 3713 DETACHD 12
4250 LORDS LN $1,278,000 $1,245,000 4 3.1 3516 DETACHD 299
689 G AVE $1,275,000 $1,275,000 4 2.1 3422 DETACHD 3
13740 FIELDING RD $1,495,000 $1,495,000 4 3.1 4471 DETACHD 12
2236 SUMMIT CT $2,200,000 $2,050,000 3 2.1 4066 DETACHD 243

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.

Happy 4th of July!!!

As we celebrate Independence Day, and give thanks for all of the things we love about living in a free society and our beloved community, Dianne and I wish each of you a very happy day with friends and family. Thank you for being here at the Property Blotter with us. May your real estate dreams (and the rest of them!) come true~

Fireworks Spectaculars!

Lake Oswego, for the first time, will have two full-on fireworks displays.

Traditionally the Lake Corporation has hosted the big event. It’s done from a barge in the middle of the lake and it’s pretty special. There’s a guy with a trumpet who plays the National Anthem right before it begins and the sound of that music drifting over the water gives me goose bumps every year. It’s a great show that begins at around 10pm and lasts a good 20-30 minutes.

There has been concern in the past that even though this is a great event, viewing it isn’t so easy if you don’t live on the lake or have an easement on the lake. Because of this the City of Lake Oswego has stepped up and they too are hosting a fireworks display. This display will be set off from the beach at George Roger’s Park. The intent is that viewing will be easy from the park’s upper ball field and also from Millennium Plaza Park. This event is projected to last about 20 minutes.

I’m thinking I want to find a spot between the two and have fireworks in stereo!

Which ever show you choose to go to, enjoy!
Dianne

Market Activity June 18-24, 2018

Sure seems like time is flying! We are already at the end of June and 4th of July is next week. If you are considering a move this summer so that you are settled in time for the start of school at the end of summer, there is still time to make that happen. And if you are thinking of settling here in LO, you’ve got some great houses to choose from. Last week in LO we had 23 new listing come on the market. We also had 19 houses go into pending status and 22 closed/sold sales.

Following is the breakdown for you according to RMLS:

New on the Market (June 18-24, 2018)

Address Type Price BR Baths Sq Ft
4 Touchstone #122 Condo $186,000 2 2 984
237 Cervantes Condo $229,500 2 1.5 1216
149 Oswego Summit Condo $234,000 2 2 1212
452 S State St Condo $294,900 3 1 1659
17839 Tamara Ave Detached $445,000 3 1.5 1562
15008 Twin Fir Rd Detached $494,900 7 2.5+.5+.5+.5 3532
18820 SW 65th Ave Detached $499,900 3 2.5 2268
1039 Spruce St Detached $549,900 3 1.5 1486
5475 Willow Ct Attached $599,000 3 2.5 2438
1179 Larch St Detached $609,900 3 2 3206
4639 Black Forest Ct Detached $665,000 4 2.5 2197
15 Del Prado St Detached $725,000 4 2.5 2185
1731 Woodland Terrace Detached $745,000 4 2.5 2714
3015 Wembley Park Rd Detached $799,000 3 1 2146
927 Oak St Detached $895,000 5 3.5 2864
2013 Ridgewood Rd Detached $901,000 4 2.5 3181
15776 Inverurie Rd Detached $999,000 3 2 2350
4750 Upper Dr Detached $1,289,900 5 3.5 3091
5450 Childs Rd Detached $1,700,000 5 3.5 4114
5450 Childs Rd Lot 2 Detached $1,800,000 4 3.5 3896
260 Iron Mountain Blvd Detached $2,498,000 4 4.5+.5 6048
2896 Lakeview Blvd Detached $2,890,000 5 4.5 4244

Pending Sales (June 18-24, 2018)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #51 Condo $165,000 1 1 620 37
153 Oswego Summit Condo $215,000 2 2 1383 57
3433 McNary Pkwy #501 Condo $225,000 2 2 1136 8
8 Bernini Ct Detached $485,000 3 2 1465 7
4 Adams Ct Detached $497,000 4 2.5 2287 12
14332 Sherbrook Pl Detached $514,900 3 2.5 1770 35
1842 Kilkenny Dr Detached $525,000 3 2 1988 13
45 Aquinas St Detached $699,900 4 2.5 2981 32
14636 Doris Ave Detached $725,000 3 2 2451 2
14322 Edenberry Dr Detached $799,900 4 2.5 2806 9
154 Berwick Rd Detached $839,000 5 3.5 3020 5
17960 Meadowlark Ln Detached $899,000 4 3.5 3400 34
4090 Westbay Rd Detached $924,950 3 2 2078 1
16101 Parelius Circle Detached $995,000 4 3 3974 235
4749 Upper Dr Detached $1,179,000 4 2.5 3285 171
13707 Fielding Rd Detached $1,195,000 4 3 3337 30
18493 Ray Ridge Dr Detached $1,200,000 4 3.5+.5+.5 4367 43
811 Northshore Rd Detached $1,750,000 5 4 4948 2
1810 Northsore Rd Detached $1,850,000 5 3 3553 22

Sold/Closed (June 18-24, 2018)

Address Type List Price Sold Price Sq FT CDOM
322 Cervantes Circle Condo $190,000 $190,000 832 8
44 Eagle Crest Dr #29 Condo $194,500 $194,500 798 5
3672 Spring Ln 4A Condo $329,900 $335,000 1117 7
18543 Don Lee Way Detached $400,000 $405,000 1099 7
110 Kingsgate Rd Detached $424,900 $412,500 1669 68
5465 Childs Rd Detached $450,000 $425,000 1487 40
4 Summit Ridge Ct Attached $440,000 $440,000 1576 14
4144 Sunset Dr Detached $579,000 $580,000 2462 5
4690 Auburn Ln Attached $657,900 $640,000 2750 98
13104 Rogers Rd Detached $699,900 $682,230 2646 1
720 Maple St Detached $699,000 $685,000 3966 56
577 2nd St Condo $750,000 $750,000 1349 0
1128 Lake Shore Rd Detached $799,000 $799,000 1397 22
17503 Cherry Ct Detached $945,000 $900,000 4267 71
940 Cumberland Rd Detached $895,000 $905,000 2992 3
9.5 Hillshire Dr Detached $949,950 $950,000 3735 2
14053 Amberwood Circle Detached $975,000 $980,000 3126 4
3940 Canal Rd Detached $1,050,000 $985,000 3838 69
144 Leonard St Detached $1,095,000 $990,000 3363 26
13597 Rogers Rd Detached $1,149,000 $1,050,000 3945 276
2057 Summit Dr Detached $1,195,000 $1,195,000 4694 105
1515 Glenmorrie Dr Detached $1,532,500 $1,532,500 4312 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.

News & Notes ~ May 2018

Happy Summertime!

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

  • According to the RMLS Market Action Report for the Portland Metro Area, May, 2018:
    • There were 4,665 New Listings in May 2018 which was up 6.3% from May of 2017’s 4,388, and up 16.9% from the previous month/April of 2018’s total of 3,990. ***This was the strongest may for New Listings since 2008 when the number was 5,182.
    • At 2,803, May Closed Sales fell  3.2% from May 2017’s 2,896, and/but were up 11.1% from the previous month/April 2018’s total of 2,523.
    • May’s Pending Sales (accepted offers), at 3,201 dropped 6.8% from May of 2017’s 3,435, but were up 6.4% from the previous month/April 2018’s total of 3,008
    • The Average Sale Price in May of $460,700 was up $20,500 from May 2017’s $440,200, and also up from April 2018’s $452,000 by $8,700.   

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

  • North Portland:  $418,700              5.7%   (Apr 428,500)
  • NE Portland:  $504,700                   7.0%   (Apr 491,000 )
  • SE Portland:  $404,900                   7.3%   (Apr 422,400)
  • Gresham/Troutdale:   $346,000   10.9%   (Apr 348,400)
  • Milwaukie/Clackamas:  $427,900  8.3%   (Apr 430,200 )
  • Oregon City/Canby:   $435,800      7.4%   (Apr 419,300)
  • Lake Oswego/West Linn:$718,200 7.5%   (Apr 630,500)
  • West Portland:    $603,300             1.2%   (Apr 598,800)
  • NW Wash County:  $564,500          5.0%   (Apr 525,700)
  • Beaverton/Aloha:     $388,700        8.9%   (Apr 394,600)
  • Tigard/Wilsonville:   $471,700        8.8%   (Apr 491,900)
  • Hillsboro/Forest Grove: $397,400  8.4%   (Apr 389,700)

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for the month of May 2018 reported:

    •  341 Active Listings   (Apr 341)
    •  261 New Listings     (Apr 261)
    •  192 Pending Sales  (Apr 192)
    •  154 Closed Sales      (Apr 154)
    • Average Sale Price for May: $718,200  (Apr 630,500)
      • 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.
    •  63 Average Days on the Market   (Apr 63)

Market Activity ~ June 11-17, 2018

Last week 21 New properties entered the market in Lake Oswego, 23 moved to Pending status, and 26 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (June 11-17, 2018)

Address List Price # Bedrs # Baths Total SF Prop Type
47 EAGLE CREST DR #21 $199,000 2 1 932 CONDO
39 OSWEGO SMT / Grnd $225,000 2 2 1212 CONDO
12 OSWEGO SMT $249,000 2 2 1140 CONDO
4000 CARMAN DR #C49 $349,500 2 1.1 1004 CONDO
6321 ALYSSA TER $379,000 3 2.1 1546 TOWNHSE
34 WHEATHERSTONE #17 $410,000 3 2.1 1692 CONDO
1731 ASPEN CT $419,500 3 2 1440 DETACHD
49 TANGLEWOOD DR $595,000 4 0.3 2491 DETACHD
1878 SOUTHSHORE BLVD $595,000 4 2.1 2594 DETACHD
5117 GREENSBOROUGH CT $650,000 3 2.1 1560 DETACHD
17036 CRESTVIEW DR $675,000 4 3 2768 DETACHD
15368 WALUGA DR $675,000 3 2 1876 DETACHD
19233 INDIAN SPRINGS RD $745,000 4 4.1 3485 DETACHD
18028 GIMLEY CT $774,900 4 2.1 3454 DETACHD
14322 EDENBERRY DR $799,990 4 2.1 2806 DETACHD
17144 WARREN CT $850,000 4 2.1 2778 DETACHD
5726 CHARLES CIR $869,500 4 3.1 3196 DETACHD
17600 UPPER CHERRY LN $1,168,000 4 3.1 3900 DETACHD
17661 WOODHURST PL $1,170,000 4 3.5 4840 DETACHD
140 BERWICK RD $1,295,000 4 2.1 3114 DETACHD
13047 KNAUS RD $1,295,000 4 3.2 4176 DETACHD

PENDING SALES (June 11-17, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4615 LAKEVIEW BLVD / Grnd $199,900 1 1 753 CONDO 31
26 CERVANTES CIR / Grnd $215,000 2 1.1 912 CONDO 25
572 S STATE ST / Uppeer $250,000 2 1 914 CONDO 6
48 EAGLE CREST DR #1C $285,000 2 2 1370 CONDO 25
28 NORTHVIEW CT $500,000 3 3 2092 ATTACHD 63
10 CHURCHILL DOWNS $520,000 4 3 2080 DETACHD 36
15115 TWIN FIR RD $549,000 3 2 1400 DETACHD 5
14273 AMBERWOOD CIR $549,000 3 2.1 2350 DETACHD 4
19350 MARLIN AVE $549,000 4 2 1820 DETACHD 56
1129 CHERRY LN $579,950 3 2.1 2196 DETACHD 5
18679 INDIAN CREEK DR $600,000 4 2.1 2276 DETACHD 48
4220 ALBERT CIR $615,000 4 3 2405 DETACHD 20
2660 LOOKOUT CT $624,500 3 3 2565 DETACHD 43
17226 TUALATIN ST $649,000 4 2.1 1984 DETACHD 16
6072 CLAIRMONT CT $700,000 4 3 2653 DETACHD 45
630 9TH ST $849,000 4 3 2576 DETACHD 19
3144 GLENMORRIE DR $880,000 3 2.1 2582 DETACHD 162
5416 SOUTHWOOD DR $899,000 4 2.1 3340 DETACHD 3
2949 WESTVIEW CIR $989,900 4 3 3326 DETACHD 3
19626 PERCH CT $1,099,000 4 2.1 3494 DETACHD 4
441 8TH ST $1,179,900 4 3 2748 DETACHD 169
13348 LESLIE CT $1,200,000 4 2.1 3863 DETACHD 1
936 EVERGREEN RD $1,975,000 3 2.1 3772 DETACHD 6

SOLD (June 11-17, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE $239,000 $231,500 3 4.1 1351 CONDO 27
750 1ST ST $297,000 $305,000 2 2 1350 CONDO 5
3986 CARMAN DR $317,500 $325,000 2 2.1 1107 CONDO 55
4442 THUNDER VISTA LN $335,000 $332,000 2 2.1 1829 CONDO 29
1857 BOCA RATAN DR $388,000 $388,000 3 2 1611 TOWNHSE 3
99 KINGSGATE RD $449,950 $425,000 2 2 1224 DETACHD 23
18963 LONGFELLOW AVE $449,750 $449,750 3 1.1 1239 DETACHD 228
15370 QUARRY RD $489,900 $480,900 3 1.1 1540 DETACHD 7
106 KINGSGATE RD $489,900 $500,000 3 2.1 1669 DETACHD 5
1605 MEADOWS DR $570,000 $575,000 3 2 2186 DETACHD 7
1483 WOODLAND TER $769,900 $575,100 4 2.1 2861 DETACHD 147
1991 GREENTREE RD $625,000 $611,500 4 3 2655 DETACHD 89
377 LIVINGOOD LN $624,000 $629,000 3 2.1 2409 DETACHD 2
2814 VALE CT $700,000 $685,000 4 3 3192 DETACHD 21
97 GARIBALDI ST $749,000 $800,000 3 2.1 3559 DETACHD 4
9 BUCKINGHAM TER $798,000 $843,000 4 3 2766 DETACHD 5
14041 EDENBERRY CT $775,000 $860,000 4 2.1 3077 DETACHD 8
19158 MEGAN PL $900,000 $880,000 4 3.1 4910 DETACHD 50
5566 LUCE LN $990,000 $950,000 5 3 3088 DETACHD 39
1299 COUNTRY CMNS $1,229,000 $1,150,000 4 4.1 3710 DETACHD 13
888 FAIRWAY RD $1,360,000 $1,210,000 4 2.2 5788 DETACHD 192
13615 WESTLAKE DR $1,350,000 $1,275,000 4 4.1 4050 DETACHD 130
18040 SKYLAND CIR $1,345,000 $1,345,000 4 2.2 4140 DETACHD 2
3914 EDENS EDGE DR $1,548,000 $1,548,000 5 5.2 6635 DETACHD 11
1655 LESLIE LN $1,725,000 $1,665,000 4 3.1 4805 DETACHD 341
1500 RIDGECREST DR $1,797,000 $1,675,000 5 5 4817 DETACHD 307

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: 19 Juarez

This is just a stunning house. I am super excited to be representing it’s owners as it is sold. Full disclosure, the house received an accepted offer the day it was put up for sale. I think this speaks to two things. First, contemporary homes are super popular right now. I’ve been in this business long enough to remember a time when traditional homes was what was hot and the contemporaries were slow to sell. That is not the case in 2018. Contemporary homes are hot, hot, hot. Second, it pays to take good care of your property. The owners of this house have really enjoyed it and done improvements over the entire time that they have owned it and it shows.

The house is in Lake Oswego but just across the county line into Multnomah County. It is part of the Mountain Park Home Owner’s Association. This means it has access to the wonderful rec facility with swimming, weightroom, basketball, a big reception room, and 15 miles of walking paths.

It was built in 1982 and has 3584 square feet with 3 bedrooms, 2 bonus rooms, a living room, and a family room. It’s a 2 car garage. There are valley views to the South and 6 big decks take advantage of those views. The asking price was $739,900. We are in escrow and going through the home inspection process. I am confident of the solidness of the current buyer, but I am also keeping a list of people who want to be contacted if it comes back onto the market. Please let me know if you want to be added to that list.

Enjoy the weekend!
Dianne

Market Activity June 4-10, 2018

With school officially out, the swim park has opened and LO is blooming and beautiful. What a wonderful time of year! It’s also the perfect time to buy or sell a home. Our activity has remained strong with 20 new listings in Lake Oswego last week, 29 houses moved into pending status, and 26 properties became closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (June 4-10, 2018)

Address Type Price BR Baths Sq Ft
572 S State St Condo $250,000 2 1 914
`5210 Boones Way Condo $329,900 2 2 1124
18821 Longfellow Ave Detached $389,000 3 1 946
5540 McEwan Rd Detached $509,000 3 3 1898
1842 Kilkenny Dr Detached $525,000 3 2 1988
15115 Twin Fir Rd Detached $549,000 3 2 1400
1129 Cherry Ln Detached $579,950 3 2.5 2196
870 Lake Forest Dr Detached $649,900 3 2 1971
5937 Bay Point Dr Detached $799,900 4 2.5 3402
4133 Glacier Lily St Detached $825,000 4 3.5 3910
17454 Canal Circle Detached $849,000 3 2.5 2472
2949 Westview Circle Detached $989,900 4 3 3326
19626 Perch Ct Detached $1,099,000 4 2.5 3494
2212 Glenmorrie Ln Detached $1,150,000 5 2.5 3722
17494 Lake Haven Dr Detached $1,400,000 2 2 2121
1460 Skyland Dr Detached $1,795,000 4 4.5 4760
13910 Stampher Rd Detached $1,950,000 4 3.5 4488
936 Evergreen Rd Detached $1,975,000 3 2.5 3772
3434 Lakeview Blvd Detached $6,988,000 5 5.5 7102
1226 Northshore Rd Detached $8,500,000 4 5.5 5544

Pending Sales (June 4-10, 2018)

Address Type Price BR Baths Sq Ft CDOM
21 Oswego Summit Condo $170,000 1 11 764 46
86 Kingsgate Rd E202 Condo $239,900 2 2 924 3
5225 Jean Rd #107 Condo $279,900 2 2 1200 18
5055 Foothills Dr B Condo $339,000 3 2 1252 252
1120 Boca Ratan Dr Attached $360,000 3 2 1611 6
16 Greenridge Ct Townhouse $395,000 2 2.5 2019 32
9 Oriole Ln Detached $425,000 3 3 1928 76
84 Greenridge Ct Attached $430,000 4 2.5 2868 158
55 Northshore Rd #9 Condo $450,000 2 1.5 2025 357
16053 Lake Forest Blvd Detached $489,900 4 2 2100 174
1581 Woodland Terrace Detached $549,000 3 2.5 2072 26
3585 Lake Grove Ave Detached $550,000 4 2 1575 1
5582 Yorkshire Pl Detached $589,900 3 3 22302 4
328 4th St Townhouse $624,900 2 2.5 1731 17
1422 Ash St Detached $649,000 4 3 2997 327
17976 Cardinal Dr Detached $665,000 4 2.5 2936 6
412 Livingood Ln Detached $674,875 5 2.5 3928 39
19 Juarez St Detached $739,900 3 2.5 3584 1
12814 Sierra Vista Dr Detached $750,000 4 3.5 3050 2
3240 Westview Ct Detached $875,000 4 3.5 3121 46
16470 Phantom Bluff Detached $899,900 5 3 2783 108
5047 Woodcrest Ln Detached $925,000 4 3.5 3713 12
4190 Chad Dr Detached $925,000 4 3.5 3818 40
4145 Chad Dr Detached $929,900 4 2.5 3337 20
950 Oak Terrace Detached $1,150,000 4 2.5 3787 7
3155 Upper Dr Detached $1,175,000 4 3 3016 39
3820 Southshore Blvd Detached $1,189,000 5 4 4855 3
15495 Village Dr Detached $1,545,000 5 4.5 5401 24
13364 Atwater Ln Detached $1,695,000 5 6.5 5841 34

Sold/Closed (June 4-10, 2018)

Address Type List Price Sold Price Sq Ft CDOM
96 Galen St Condo $149,500 $156,000 552 3
330 Cervantes Circle Condo $190,000 $190,000 832 45
16250 Pacific Hwy #82 Condo $205,000 $205,000 841 8
67 Oswego Summit Condo $225,000 $228,000 1212 24
156 Kingsgate Rd Detached $379,900 $367,200 2020 140
1620 Fernwood Dr Detached $450,000 $4,450,000 1612 151
14328 Holly Springs Rd Detached $529,000 $510,000 1939 24
13850 Verte Ct Detached $525,000 $526,000 1942 5
5871 Bonita Rd Detached $550,000 $539,000 2406 9
57 Touchstone Detached $620,000 $620,000 2465 0
17 Scarborough Dr Detached $680,000 $680,000 3290 2
5524 Washington Ct Detached $749,900 $760,000 2672 87
820 Boca Ratan Dr Detached $760,000 $770,000 2628 1
808 Timberline Dr Detached $799,000 $775,000 3276 81
1510 Fernwood Dr Detached $789,900 $790,000 3291 13
2484 Marylshire Ln Detached $799,000 $819,000 4168 30
19507 35th Ct Detached $849,000 $837,000 3590 8
858 10th St Detached $800,000 $850,000 2332 5
18360 Delenka Ln Detached $899,900 $889,000 4349 2
13020 Knaus Rd Detached $949,000 $950,000 2545 2
4731 Upper Dr Detached $1,185,000 $1,120,000 3208 134
17492 Redfern Ave Detached $1,099,900 $1,158,000 2828 6
17224 Greentree Ave Detached $1,279,900 $1,275,000 3545 27
17442 Ridgeview Ln Detached $1,475,000 $1,382,000 5063 71
4262 Upper Dr Detached $1,590,000 $1,560,000 4096 38
17399 Canal Circle Detached $2,349,000 $2,175,000

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.