A Guide to Lake Oswego Real Estate and Community
Dianne,  Linda & Whitney

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

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Lets talk about Pokémon Go in Lake Oswego!

At the start of this month one of the biggest smart phone crazes took place with a very popular Nintendo franchise: Pokémon. A small company by the name of Niantic took it upon themselves, with the help of Google Maps, to place Pokémon all over the world.
What does this have to do with houses in Lake Oswego?
Well a lot really: we are seeing a huge rise in foot traffic all over the neighborhood as people young and old wander around with their eyes glued to their phone, in search of these illusive little digital critters.
One major question seems to be popping up from a lot of Lake Oswego home owners: Who is doing this? And why are they putting Pokémon in my house or my back yard?
Well to answer this question I had to investigate: I downloaded the app myself and went about on my own quest to peruse catching as many Pokémon as I could in Lake Oswego (some of you probably saw me wandering around. I think the most embarrassing thing that had happened so far is that I walked into a low-hanging branch. Otherwise I’ve been pretty keen to keep an eye on my surroundings).
What I found was that, not only do Pokémon pop up just about anywhere (and randomly) but that there are a lot of little Pokémon landmarks all over our neighborhood. What once was an old piece of art, playground equipment, or even a sign that tells you to clean up after your pooch, have now become checkpoints (like geocaching) and digital combat zones (where you can compete against other players and fight your little monsters).
Another thing I have found is that Pokémon are invisible until you wander close to them. They are not tied to an exact spot, but are within a vicinity of where you are. This means that even if they are standing across the street from you, that you can engage in catching them as though they are directly in front of you.
Niantic, the company that is responsible for making this game, has made it very easy to AVOID wandering into people houses and back yards by giving your little in-game player a radius to work with, rather than expecting you to stand directly on top of were a Pokémon may be. So there really should be no excuse to have to trespass into other people’s yards. If you cannot get a Pokémon to appear from the street, chances are it won’t appear even if you trespass.
Some companies (like the Baja Fresh off of Boones Ferry Rd, or Pine Shed Ribs next to the Plaid Pantry), have had the luck of becoming poke-stops (a location point that acts as an interactive recharging station, where it is both easier to get more goodies and catch more Pokémon) and can often be found setting out lures to draw in attention from Pokémon Go players, and thus gaining a little extra business. Lures are in essence a paid bonus that you can buy from the in-game store to attach to existing poke stops, to draw more Pokemon to a location, making it easier for Pokemon Go players to hang out and catch Pokémon, rather than wander around physically.
All-in-all Pokemon Go is a very interesting, and fun, digital craze that plans to be around for a while. It provides a remarkable incentive to go on daily walks around your neighborhood, as well as goals to walk impressive distances. However, it does not encourage players to trespass! So rest assured Lake Oswego, there should be no excuse for people to wander onto your property without permission, in an effort to catch invisible critters. Though I do suggest this game for all ages!

Pokemon

Market Activity Report July 18th - 24th, 2016

The summer continues to hustle and bustle!
26 new listings, 32 pending, 19 houses sold!
Condos continue to be a very hot item on the market! I recently visited a few up by Touchstone and Eagle Crest. Some where just lovely, but some needed some love. Never-the-less all condos seem to be going quick.

New on the Market (July 18th – 24th, 2016)

Address Type Price Bedrooms Bathrooms Sqft
193 OSWEGO SMT CONDO 235,000 2 2 1383
48 EAGLE CREST DR CONDO 250,000 2 2 1443
4325 SILVER CT CONDO 360,000 3 2.5 1844
6040 LAKEVIEW BLVD DETACHED 459,000 3 2 2390
532 2ND ST CONDO 469,900 2 2.5 1395
16287 BONAIRE AVE DETACHED 495,000 2 1 1430
13991 MAJESTIC CT DETACHED 499,900 3 2.5 1325
6244 FROST LN DETACHED 500,000 4 3.5 2304
668 MCVEY AVE #22 CONDO 500,000 3 1.5 992
4 ESSEX CT DETACHED 549,900 4 2.1 2835
6423 FROST ST DETACHED 569,000 3 2.5 2548
17486 CARDINAL DR DETACHED 575,000 5 3 2327
17 LAUREL ST DETACHED 585,000 3 1.5 3096
14555 SHERBROOK PL DETACHED 598,000 4 2.5 2942
2478 MARYLVIEW CT DETACHED 785,000 4 3 3531
19 MONTICELLO DR DETACHED 819,000 6 3 4866
820 BOCA RATAN DR DETACHED 899,900 4 3.5 2628
1601 PINE ST DETACHED 944,900 4 3.5 3711
13079 AMBER PL DETACHED 998,000 5 3 3200
1130 OAK TER DETACHED 1,049,000 4 3.5 3729
4168 CHAD DR DETACHED 1,049,900 4 3.5 3744
18820 GREENBLUFF DR DETACHED 1,475,000 4 4.5 5570
17515 BLUE HERON RD DETACHED 2,495,000 5 5.5 6314
12850 FIELDING RD DETACHED 2,500,000 9 9.5 19444
16715 PHANTOM BLUFF CT DETACHED 3,988,000 4 4.5 4585
1900 TWIN POINTS RD DETACHED 8,680,000 4 3.5 6776

Pending Sales (July 18th – 24th, 2016)

Address Type Price Bedroom Bathrooms DOM
3433 MCNARY PKWY CONDO 199,900 2 2.5 5
58 OSWEGO SMT CONDO 210,000 2 2 4
343 5th ST CONDO 249,000 2 1 27
1400 BONNIEBRAE DR CONDO 254,000 2 1 41
12824 SW BOONES FERRY RD ATTACHED 298,000 2 2.5 7
16250 PACIFIC HWY #76 CONDO 299,900 3 2 9
12842 BOONES FERRY RD CONDO 324,900 2 2.5 98
300 LAKE BAY CT DETACHED 445,000 2 1 88
2255 GREENTREE RD DETACHED 450,000 4 2.5 14
1160 OAK TER DETACHED 450,000 3 2 7
16041 WALUGA DR DETACHED 454,900 4 2 8
1190 OAK TER DETACHED 460,000 4 2 11
5850 BONITA RD DETACHED 475,000 3 2 143
495000 YARMOUTH CIR DETACHED 495,000 2 2 52
1419 HEMLOCK ST DETACHED 500,000 5 3 28
2370 GLEN HAVEN RD DETACHED 539,900 5 2.5 28
4889 HAMPTON CT DETACHED 543,000 3 2.5 4
17312 CHAPIN WAY DETACHED 559,000 3 2 5
1705 LEE ST DETACHED 699,000 4 3.5 79
17323 LAKE HAVEN DR DETACHED 699,900 3 2.5 4
727 LAUREL ST DETACHED 775,000 3 3.5 84
15468 BOONES WAY ATTACHED 800,000 4 2.5 44
1015 SHER LN DETACHED 850,000 5 3 37
412 8th ST DETACHED 899,000 3 2.5 33
18025 SARAH HILL LN DETACHED 899,900 4 3.5 6
834 6th ST DETACHED 1,099,900 4 2.5 12
1175 CHERRY CIR DETACHED 1,325,000 6 4.5 367
3118 DOUGLAS CIR DETACHED 1,339,000 3 2.5 56
149 FURNACE ST CONDO 1,688,888 3 3.5 161
13600 GOODALL RD DETACHED 2,295,000 6 6.5 44
1455 LAKE FRONT RD DETACHED 2,695,000 4 5.5 1085

Sold/Closed (July 18th – 24th, 2016)

Address Type List Price Close Price Sqft DOM
74 GALEN ST CONDO 159,000 142,464 995 43
44 EAGLE CREST DR CONDO 140,000 152,000 908 4
168800 GALEN ST CONDO 168,800 188,800 923 2
15465 SW TANAGER DR DETACHED 445,000 475,000 1535 2
18906 KRISTI WAY DETACHED 485,000 485,000 1864 2
13449 VERMEER DR DETACHED 495,000 495,000 1877 37
17763 MARDEE AVE DETACHED 519,000 545,000 2300 3
1161 UPPER DEVON LN DETACHED 575,000 574,995 2265 28
4 INDEPENDENCE AVE DETACHED 600,000 605,000 3782 6
5714 CHARLES CIR DETACHED 649,900 625,000 2401 18
8 YORICK ST DETACHED 699,900 686,000 3418 5
13528 TWIN CREEK LN DETACHED 800,000 750,000 3129 52
15964 PARKER RD DETACHED 799,900 785,000 3378 31
2331 PRESTWICK RD DETACHED 825,000 825,000 2613 0
4667 SHEPHERDS LN DETACHED 869,900 869,900 2999 31
348 5th ST DETACHED 875,000 875,000 2019 129
17436 KELOK RD DETACHED 1,050,000 1,050,000 3054 7
16828 ALDER CIR DETACHED 1,550,000 1,550,000 2362 0
2880 UPPER DR DETACHED 1,795,000 1,762,000 5634 76

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: Lake Forest

IMG_1034Today I want to introduce you to the neighborhood in Lake Oswego where I live, Lake Forest. There are 25 specific neighborhoods in Lake Oswego, each with unique aspects and, for some, a neighborhood association.

Lake Forest is bound on the North by Kruse Way, on the South by Boones Ferry Rd, on the West by I-5, and on the East by Carman Dr and East Waluga Park (approximately). For many years most of the neighborhood was in unincorporated Clackamas County. Some of it still is. I would say the single most distinctive characteristic are the large stands of towering Douglas Fir trees. Because some of it is unincorporated Clackamas County, many of the homes are still on septic systems. The lots on septic are not sub-dividable. Lake Oswego requires that if a septic system fails that is within 300 feet of the city sewer system, then the house has to connect to the sewer. This is gradually happening. Over time it is likely that all of this area will be brought into the city. It is a slow and gradual process that will take many years. In the mean time the large trees and large lots are a feature of the area.

fit_spot_1There is one park in the Lake Forest neighborhood, West Waluga Park. This park features a covered picnic area, a play ground for kids, a library book return drop box, and a fit spot workout station.

The area is super convenient to I-5 and Hwy 217. It is also extremely walkable with Albertson’s and Zupans only about 1-2 miles from even the farthest reaches of the neighborhood. Then there are the many Starbucks. Not exaggerating, there are 6 Starbucks within a mile of my house.

IMG_1035There are currently 15 houses for sale in the Lake Forest neighborhood. The least expensive is a 1258 square foot home that was built in 1970 and is listed for $475,000. It has 3 bedrooms, 2 full baths, and sits on .58 of an acre. The most expensive is a brand new house that is currently under construction and listed for $875,000. When finished it will have 2824 square feet with 3 bedrooms and 3 baths.

I actually consider the Lake Forest neighborhood to be one of the more affordable parts of Lake Oswego.

Personally, I love living in the area. I really like the convenience, but I also like the mix of housing. Older more modest homes are mixed in with new construction and more luxurious homes. Then you add in the flock of Peacocks that live on Bonaire and, well, it’s what I call home.
Dianne

Market Activity July 11-17, 2016


There is been lots of media coverage of late talking about our house prices and how they are climbing quickly. That is holding true throughout the Portland area and Lake Oswego is no exception. It is summer and the real estate market is hot. We are continuing to see high demand and the good news is that the new listings continue to happen. Last week LO had 30 new listings, 27 houses go into pending status, and 21 closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (July 11-7, 2016)

Address Type Price BR Baths Sq Ft
54 Galen St Condo $248,000 2 2 995
48 Eagle Crest Dr 1B Condo $269,000 3 2 1538
668 McVey Ave #64 Condo $279,900 1 1 636
12824 Boones Ferry Rd Attached $298,000 2 2.5 1398
2 Mountain Circle Attached $299,000 2 1.5 1372
16250 Pacific Hwy #76 Condo $299,900 3 2 1767
19377 Sycamore Ave Detached $360,000 3 1 1008
67 Greenridge Ct Attached $369,000 3 2.5 2004
4231 Woodside Circle Condo $405,000 3 2 1943
17311 Mandi Ln Detached $429,000 3 2.5 1935
1160 Oak Terrace Detached $450,000 3 2 1654
16041 Waluga Dr Detached $454,900 4 2 1982
1190 Oak Terrace Detached $460,000 4 2 1654
15422 Partridge Dr Detached $500,000 4 2.5 1872
4950 Centerwood St Detached $523,500 3 2 1871
19235 Redwing Ct Detached $549,900 4 2 2084
14588 Wilmot Way Detached $558,000 5 3 2238
3845 Tempest Dr Detached $574,000 4 2.5 2000
350 6th St Detached $589,900 4 2 2304
6126 Frost Ln Detached $639,000 5 3 2493
2981 Vale Ct Detached $739,900 5 2.5 3516
16980 Maple Circle Detached $839,000 4 2 2500
5844 Bay Point Dr Detached $869,000 3 2.5 3375
18025 Sarah Hill Ln Detached $899,900 4 3.5 3442
1049 Northshore Pl Detached $939,900 3 4 2274
16827 Scott Ct Detached $1,000,000 4 3.5 4179
17432 Kelok Rd Detached $1,025,000 3 2.5 2884
876 9th St Detached $1,099,900 4 2.5 2699
834 6th St Detached $1,099,900 4 2.5 2679
3155 Upper Dr Detached $1,100,000 4 3 2950

Pending Sales (July 11-17,, 2016)

Address Type Price BR Baths Sq Ft CDOM
47 Eagle Crest Dr #7 Condo $88,897 2 1 932 92
47 Eagle Crest Dr Condo $159,900 3 1 1024 3
172 Oswego Summit Condo $166,200 2 2 1383 0
4000 Carman Dr #71 Condo $189,900 2 2 834 2
750 1st St #A12 Condo $279,900 2 2 1350 30
1652 Bonniebrae Dr Attached $279,900 4 1.5 1303 11
40 Weatherstone Condo $385,000 3 2.5 1692 37
4974 Suntree Ln Attached $409,950 2 2.5 1652 53
4841 Dawn St Detached $425,000 3 2 1550 6
653 3rd St Detached $549,000 3 2 1270 95
16921 Kara Ln Detached $569,000 3 2.5 2382 31
22 Partridge Ln Detached $569,900 4 2.5 3334 101
300 4th St Attached $600,000 2 2.5 1731 0
18521 Waxwing Circle Detached $600,000 3 2.5 2936 63
1002 Hemlock St Detached $624,900 3 2.5 1950 4
12140 Orchard Hill Way Detached $644,000 4 2.5 3169 8
5086 Hastings Ct Detached $825,000 4 2.5 3255 18
13607 Melrose Pl Detached $869,500 4 3.5 3892 25
1520 Eastview Ct Detached $889,000 4 4 3750 29
906 Cedar St Detached $950,000 4 3.5 2829 247
610 Atwater Rd Detached $995,000 3 2.5 2969 35
3600 Wembley Park Rd Detached $1,100,000 4 3.5 3633 1
14599 Doris Ave Detached $1,143,000 5 3.5 3903 0
356 9th St Detached $1,280,000 3 3.5 3647 101
2575 Summit Dr Detached $2,395,000 4 4.5+.5 6185 151

Sold/Closed (July 11-17,, 2016)

Address Type List Price Sold Price Sq Ft CDOM
44 Eagle Crest Dr Condo $159,900 $158,000 908 57
342 Cervantes Circle Condo $185,000 $185,000 1,104 33
309 Cervantes Circle Condo $229,900 $229,900 1,209 9
4322 Silver Ct Condo $339,900 $350,000 1996 13
5295 Oakridge Rd Detached $394,900 $405,000 1182 6
13278 Vermeer Dr Detached $469,900 $520,000 1856 8
2302 Overlook Dr Detached $579,000 $546,700 3125 334
4231 Sunset Dr Detached $599,000 $550,000 2,272 18
4571 Oakridge Rd Attached $560,000 $560,000 2092 4
32 Spinosa Detached $549,500 $570,000 2542 8
32 Morningview Circle Detached $599,900 $587,500 2783 69
4252 Albert Circle Detached $689,000 $590,000 2964 28
1469 Greentree Circle Detached $599,900 $610,000 1808 5
4070 Westbay Rd Detached $659,000 $629,000 1828 105
839 Country Commons Ln Detached $710,000 $660,000 3089 0
29 Del Prado St Detached $650,000 $682,500 3037 6
1623 Glenmorrie Dr Detached $850,000 $850,000 5677 23
3788 Southshore Blvd Detached $915,000 $881,500 3224 17
16686 Maple Circle Detached $1,195,000 $1,095,000 3311 290
3555 Lake Grove Ave Detached $1,199,000 $1,100,000 3324 83
1617 Lake Front Rd Detached $3,250,000 $3,000,000 4619 6

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 ~ June 2016

Here are the latest/June numbers for the entire Portland area:

According to the RMLS Market Action Report for the Portland Metro Area, June, 2016:

  • There were 4,501 New Listings in June which was up 8.6% from May, and up 5.2% from May of 2015.
  • At 3,158, June Closed Sales were up 9% from May’s 2,896, and down 4.4% from June of 2015’s 3,302.
  • June Pending Sales (Accepted Offers), at 3,390 down  4.9% from May’s 3,563, and were also  6% lower than June of 2015’s 3,605.
  • The Average Sale Price in June of $412,000 was up $9,500 over May’s $402,500, and also up around $42,500 from June of 2015’s $369,500. 

_____________________________________________________

The combined areas of Lake Oswego and West Linn  (RMLS lumps them together) for the month of June 2016 reported:

    •  410 Active Listings 
    •  288 New Listings   
    •  189 Pending Sales
    •  165 Closed Sales 
    • Average Sale Price for June: $650,200
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month.  Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
    • Average Time on the Market: 45 Days

Market Activity ~ July 4-10, 2016


Steady as she goes… In the summertime in beautiful, Lake Oswego : )

Last week we saw 22 New properties enter the market, 18 move to Pending status, and 18 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (July 4-10, 2016)

Address List Price # Beds # Baths Total SF Prop Type
44 EAGLE CREST DR #12 $139,888 1 1 798 CONDO
47 EAGLE CREST DR #13 $154,900 2 1 932 CONDO
4000 Carman DR #71 $189,900 2 2 834 CONDO
93 KINGSGATE RD $415,000 3 2.1 1669 DETACHD
4841 SW DAWN ST $425,000 3 2 1550 DETACHD
2255 GREENTREE RD $450,000 4 2.1 2309 DETACHD
17927 BELMORE AVE $489,000 3 1.1 1488 DETACHD
17760 CARDINAL DR $534,900 4 2.1 2199 ATTACHD
2132 GOODALL CT $566,500 4 3 2577 DETACHD
18521 WAXWING CIR $600,000 3 2.1 2936 DETACHD
1002 HEMLOCK ST $624,990 3 2.1 1950 DETACHD
1590 LARCH ST $640,000 5 2.1 2836 DETACHD
12140 ORCHARD HILL WAY $644,000 4 2.1 3169 DETACHD
4279 ALBERT CIR $685,000 3 2.1 2768 DETACHD
18183 WESTMINSTER DR $740,000 3 2.1 3191 DETACHD
5326 WESTFIELD CT $779,000 4 3.1 3259 DETACHD
17572 SHEPHERDS CT $879,900 4 3 2983 DETACHD
3600 SOUTHSHORE BLVD $995,000 3 2.1 2117 DETACHD
3 DOVER WAY $1,099,000 5 3.2 4988 DETACHD
1350 RIDGECREST DR $1,100,000 4 3.1 3534 DETACHD
721 7TH ST $1,249,000 4 3.1 4544 DETACHD
1640 COUNTRY CMNS $1,595,000 4 4.1 5343 DETACHD

PENDING SALES (July 4-10,, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #21 $149,000 2 1 932 CONDO 746
366 CERVANTES CIR #14c $160,000 2 1 832 CONDO 2
169 OSWEGO SMT #169 $164,998 2 2 1383 CONDO 79
88 GALEN ST/Upper $168,800 2 1 923 CONDO 2
71 GREENRIDGE CT $365,000 3 2.1 2004 CONDO 23
18610 BENFIELD AVE $419,000 3 1.1 1407 DETACHD 17
15393 MEADOWLARK CT $474,900 2 2 1576 DETACHD 2
18927 INDIAN CREEK AVE $475,000 3 2 2394 DETACHD 27
4188 COBB WAY $499,000 6 3 2577 DETACHD 51
6 WALKING WOODS DR $550,000 4 2.1 2870 DETACHD 54
18121 PIONEER CT $648,000 4 2.1 2310 DETACHD 15
5714 CHARLES CIR $649,900 4 3 2501 DETACHD 18
4801 WILDWOOD ST/Main $659,950 4 3 2963 DETACHD 45
3718 RIVERS EDGE DR $739,000 4 2.1 2512 DETACHD 9
5519 BAY CREEK DR $784,900 4 2.1 3415 DETACHD 14
4069 PFEIFER CT $879,000 5 3.1 4332 DETACHD 102
16830 CHAPIN WAY $949,000 5 3 3097 DETACHD 22
780 NORTHSHORE RD $2,222,000 3 2.1 2201 DETACHD 10

SOLD (July 4-10,, 2016)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #9 $145,000 $139,000 2 1.1 823 CONDO 5
2 St. Helens CIR $374,000 $375,000 3 2 1464 DETACHD 6
7 PEACOCK PL $400,000 $422,000 3 2.1 1388 DETACHD 4
2760 OVERLOOK DR $578,500 $532,000 4 2.1 2441 DETACHD 70
21 PARTRIDGE LN $554,900 $548,000 4 3 2478 DETACHD 5
14450 HOLLY SPRINGS RD $550,000 $550,000 3 3 2238 CONDO 78
4954 MULHOLLAND DR $589,900 $585,000 3 2.1 2498 ATTACHD 22
1430 WOODLAND TER $579,000 $592,000 5 3 2904 DETACHD 8
5950 SOUTHWOOD DR $775,000 $660,000 3 2.1 2731 DETACHD 40
17821 HILLSIDE WAY $699,900 $700,000 4 3.1 3480 DETACHD 2
19505 OLSON AVE $748,950 $720,000 5 2.1 2952 DETACHD 54
4719 LAKEVIEW BLVD $725,000 $725,000 3 2.1 2923 DETACHD 5
1269 LAKE GARDEN CT $899,000 $828,000 4 2.1 2056 DETACHD 202
336 5TH ST $875,000 $875,000 3 2.1 2018 DETACHD 100
2125 RIDGE POINTE DR $995,000 $945,000 3 3.1 3489 DETACHD 14
12747 SW 22ND AVE $1,249,800 $1,170,000 4 3.1 4546 DETACHD 362
454 9TH ST $1,198,000 $1,174,000 3 4 3278 DETACHD 25

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

Market Activity Report for June 27th to July 3rd, 2016

I hope everybody had a wonderful 4th of July!
The weather was just perfect for it!

Taking a look at our recent activity: there are a LOT of condos that have just sold. Looks like condos are very hot right now in LO!

Over-all we have had 29 new listings, 24 pending homes, and 26 sold!

Following is the breakdown for you according to RMLS:

New on the Market ( June 27th to July 3rd, 2016)

Address Type Price Bedrooms Bathrooms Sqft
4 TOUCHSTONE DR #108 CONDO 136,000 3 2.5 1351
219 CERVANTES CONDO 239,900 2 2 1100
1652 BONNIEBRAE DR ATTACHED 279,900 3 1.5 1303
1223 HEMLOCK ST DETACHED 422,500 2 1 748
1935 FERNWOOD DR DETACHED 515,000 4 3 2100
1935 SW REDWING CT DETACHED 549,900 4 3 2471
4920 CENTERWOOD ST DETACHED 569,000 3 3 2072
48 AQUINAS ST DETACHED 599,000 4 2 2693
17562 BLUE HERON CT DETACHED 599,950 4 3 2812
17901 STAFFORD RD DETACHED 640,000 3 2 2254
16 BECKET ST DETACHED 657,000 3 3 3203
13040 PRINCETON CT DETACHED 674,900 4 2.5 3135
32 DA VINCI ST DETACHED 679,000 5 3 3204
2063 RIDGEWOOD RD DETACHED 679,000 4 2.5 2532
5530 DUNMIRE DR DETACHED 715,000 4 3 3040
3718 RIVERS EDGE DR DETACHED 739,000 4 2.5 2512
19431 KOKANEE CT DETACHED 765,000 3 2.5 2250
17568 BLUE HERON CT DETACHED 789,000 4 3.5 3909
2484 MARYLSHIRE LN DETACHED 849,900 4 2.5 3255
2100 RIDGE POINTE DR DETACHED 875,000 5 5.5 5375
209 RIDGEWAY RD DETACHED 899,000 4 3.5 2600
151 BERWICK RD DETACHED 999,500 4 3 4387
17512 GREENBLUFF DR DETACHED 1,150,000 4 4 4033
629 5th ST DETACHED 1,385,000 4 2.5 2985
17455 RIDGEVIEW LN DETACHED 1,465,000 4 3.5 4570
13012 KNAUS RD DETACHED 1,825,000 4 3.5 4796
14733 UPLANDS DR DETACHED 2,275,000 6 5.5 7694
1455 LAKE FRONT DR DETACHED 2,695,000 4 5.5 6145

Pending Sales ( June 27th to July 3rd, 2016)

Address Type Price Bedroom Bathrooms DOM
74 GALEN ST CONDO 149,500 2 2 43
86 CERVANTES CIR #86 CONDO 158,000 2 1.5 1
14 OSWEGO SMT CONDO 165,000 2 2 6
4000 CARMAN DR #26 CONDO 189,000 2 2 3
79 OSWEGO SUMMIT #79 CONDO 199,900 2 2 3
3940 CARMAN DR CONDO 229,900 2 2.5 13
3930 CARMAN DR CONDO 229,900 2 2.5 67
16850 CORTEZ CT DETACHED 375,000 3 1.5 16
17470 HILL WAY DETACHED 398,000 3 2 4
14854 TWIN FIR RD DETACHED 415,000 3 2 19
438 ASH ST DETACHED 439,900 4 3 3
5895 BURMA RD DETACHED 440,000 4 2.5 43
18906 KRISTI WAY DETACHED 485,000 3 2 2
528 2ND ST ATTACHED 489,900 2 2.5 3
171 GREENWOOD RD DETACHED 575,000 4 2 11
19 FALSTAFF ST DETACHED 579,000 4 2.5 70
17658 BROOKHURST DR DETACHED 734,900 3 3 41
3180 WESTVIEW CIR RES-MFG 749,000 3 2.5 1
13596 STEAMSIDE DR DETACHED 758,000 4 2.5 55
13825 MELROSE PL DETACHED 765,000 5 4.5 165
12870 ELK ROCK RD DETACHED 769,000 4 3 310
348 5th ST DETACHED 875,000 3 2.5 129
3130 DOUGLAS CIR DETACHED 1,499,999 4 2.5 4
17210 CEDAR RD DETACHED 1,795,000 4 3 165

Sold/Closed ( June 27th to July 3rd, 2016)

Address Type List Price Close Price Sqft DOM
100 KERR PKWY # 37 CONDO 109,900 104,550 617 27
100 KERR PKWY #12 CONDO 115,000 113,500 617 43
65 GALEN ST CONDO 135,000 141,500 689 4
334 CERVANTES CIR ATTACHED 145,000 144,350 832 2
100 KERR PKWY #10 CONDO 150,000 149,500 823 7
3922 CARMAN DR CONDO 234,900 225,000 1137 52
4083 JEFFERSON PKWY CONDO 245,000 239,000 1210 5
241 CERVANTES CONDO 262,900 265,000 1384 0
4422 THUNDER VISTA LN CONDO 279,000 288,500 2040 61
48 EAGLE CREST DR CONDO 277,500 281,000 1550 5
11 BRITTEN CT ATTACHED 296,500 311,500 1318 3
210 S STATE ST CONDO 354,500 333,000 1614 100
19 AQUINAS ST DETACHED 479,000 497,100 2379 5
1730 YARMOUTH CIR DETACHED 519,000 514,500 1770 15
4734 LAMONT CT DETACHED 529,000 529,000 1856 1
18978 INDIAN SPRINGS RD DETACHED 529,900 529,900 2860 6
937 OAK ST DETACHED 595,000 545,000 3080 85
16545 INVERURIE RD DETACHED 569,000 606,500 2300 19
1400 HORSESHOE CURV DETACHED 679,000 679,000 2248 6
20 MONTICELLO DR DETACHED 599,900 705,000 3848 4
3560 TEMPEST DR DETACHED 675,000 705,000 2847 5
5598 LUCE LN DETACHED 798,000 790,000 3372 2
1287 BICKNER ST DETACHED 825,000 799,000 2665 6
301 IRON MOUNTAIN BLVD DETACHED 1,095,000 1,082,500 2946 32
3101 WEMBLEY PARK RD DETACHED 1,365,000 1,365,000 3820 121
1136 NORTHSHORE RD DETACHED 2,500,000 3,200,000 3698 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.

Seismic Retrofitting

Is-Your-Home-Ready-for-an-Earthquake-Free-Eval-and-Estimate_2As part of my continuing education I attended a class this morning put on by Zach Smith of Earthquake Tech and Gemmell Construction. Living on the West coast earthquakes are something most of us are aware of. The large quakes in California are recent enough to be remembered by most of us. The 2011 quake and Tsunami in Japan directly affected our coast line (and still does with garbage washing ashore), but for the most part it seems far away and not directly important to our lives. That changed with the publication of a New Yorker article on July 20, 2015 (“The Really Big One” by Kathryn Schulz). It brought front and center the issue that the Pacific Northwest is grossly under prepared for a major earthquake.

Some back ground is needed here. There have been 41 significant quakes (we are talking huge, like 9.0) that have happened in the Cascadia Subduction Zone off of the Oregon Coast in the last 10,000 years. The major fault in this zone is the San Juan de Fuca plate which runs from Northern California to Vancouver Island. The average occurance is every 243 years. The last quake was 9.0 on January 26, 1700. So we are now 316 years into a 243 year cycle. Of course these quakes don’t occur on a specific time schedule. This is an average. Some quakes have been many hundreds of years apart and some less than a hundred. When the next quake will occur is a complete unknown. What is known is that it will happen, we just don’t know when.

koso300So, we know it will come, but what should we do about it? There are some really basic steps that are promoted as earthquake preparedness:
* Seismically retrofit your house if it is older than about 1980. If it was built since 1980 you should still have it examined to see if there is anything more that you can do. Retrofitting should include strapping your house to it’s foundation, strapping the water heater to brace it against a secure part of the house, brace your chimney, at a minimum put a shut-off wrench next to your gas meter, or better yet, install an automatic shut off valve that will engage as soon as it detects that the house is moving.
* Get earthquake insurance. Earthquake damage is not covered in standard home insurance policies. It is a rider to the policy and must be purchased separately.
* Have a supply of water that will last for enough time to provide 1 gallon of water per day for each person in the house. Different experts suggest different times to expect utilities to be down, a few days or a few weeks, store what you can manage.
* Have a supply of non-perishable food
* Have earthquake preparedness kits in your home, your car, and your office. Don’t forget supplies for your pets.

Juan.de_.Fuca_1I think the big question is how much does it cost to retrofit a house. I was surprised this morning to learn that on average it runs $2000-$8000 for homes built from the turn of the Century to the 1970’s. The cost is dependent upon how big the house is and the condition of the foundation. If the house has a bad foundation (Zach referred to brick foundations a “standing rubble”) then the cost goes up significantly in the range of $50,000-$200,000. I felt encouraged that the average house can be done for under 10K.

I was extremely impressed with Zach’s presentation this morning. If your home is within the metro area he will come and give you an estimate at no charge. For information on Earthquake Tech click here.

I also want to give a shout out to Jay Kushner of Seismic Technologies. I have been referring clients to Jay for years. He is knowledgeable and a tremendous resource for assessment of the seismic preparedness of homes. For his information click here.

Let’s hope we never have The Big One happens in our life times, but let’s also be aware and pro-active so that if it does, we have the best chances possible for our homes and for our families.
Dianne

Market Activity June 6-12, 2016

A slight slow down appears to have developed. I am often asked when our most active real estate market happens and it has held true for many years that it is May and June. For the last two years I think it has shifted to April and May. This does not mean that our market is now slow, not at all. It will remain strong and active through the summer with lots of houses coming on the market and lots of houses selling. I just think that we Oregonians do live in anticipation of our sunny season and are motivated to make a house move and then have the summer to play.

Last week Lake Oswego saw 22 new listings, 17 houses go into pending status, and 14 closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (June 6-12, 2016)

Address Type Price BR Baths Sq Ft
20 Crestfield Ct Condo $175,000 2 1.5 923
309 Cervantes Cir Condo $229,900 2 2 1209
1400 Bonniebrae Dr Condo $259,000 2 1 864
12 El Greco St Detached $399,900 3 2 1533
14854 Twin Fir Rd Detached $415,000 3 2 1287
5055 Dawn St Detached $450,000 4 2.5 2699
18927 Indian Creek Ave Detached $475,000 3 2 2394
1454 S Glenmorrie Detached $550,000 4 2.5 3372
16921 Kara Ln Detached $569,000 3 2.5 2382
320 Durham St #2 Condo $569,500 3 2.5 1876
775 Boca Ratan Dr Detached $569,900 4 3.5 2727
14102 Kimberly Cir Detached $799,900 4 3.5 3103
2886 Upper DR Detached $849,000 4 3 2498
4550 Dogwood Dr Detached $899,000 3 3 3074
15468 Boones Way Attached $899,900 4 2.5 2425
2801 Lakeview Blvd Detached $949,000 3 4 3051
610 Atwater Rd Detached $995,000 3 2.5 2969
1300 Andrews Rd Detached $1,290,000 5 3 4810
1626 Englewood DR Detached $1,450,000 4 2.5+.5 5690
13705 Knaus Rd Detached $1,995,000 4 3.5 5251
13600 Goodall Rd Detached $2,295,000 6 6.5 6612
12901 Goodall Rd Detached $2,395,000 4 4.5 5333

Pending Sales (June 6-12, 2016)

Address Type Price BR Baths Sq Ft CDOM
18225 SW 65th Ave Detached $225,500 3 1.5 1701 7
2 St Helens Cir Detached $374,000 3 2 1464 6
15465 SW Tanager Dr Detached $445,000 2 2 1535 2
17534 Cardinal Dr Detached $479,900 4 3 2300 5
17763 Mardee Ave Detached $519,000 5 3 2300 3
1730 Yarmouth Cir Detached $519,000 2 2 1770 15
4571 Oakridge Rd Attached $560,000 3 2.5 2092 4
1161 Upper Devon Ln Detached $574,995 4 2.5 2265 28
1641 Ash St Detached $575,000 4 3 2764 5
4252 Albert Cir Detached $625,000 4 2.5 2964 28
17935 Lake Haven Dr Detached $635,000 5 3.5 3500 39
17821 Hillside Way Detached $699,900 4 3.5 3480 2
2331 Dellwood Dr Detached $715,000 3 3 2746 4
17981 Meadowlark Ln Detached $825,000 3 2.5 3250 4
4069 Pfeifer Ct Detached $898,000 5 3.5 4332 71
784 3rd St Detached $1,249,000 5 5 4138 72
1644 Lake Front Rd Detached $1,249,000 4 4 3866 119

Sold/Closed (June 6-12, 2016)

Address Type List Price Sold Price Sq Ft CDOM
4 Touchstone Condo $159,900 $162,500 984 2
668 McVey Ave #42 Condo $260,000 $247,000 836 120
1454 Glenmorrie Dr Detached $400,000 $360,000 3,372 237
2280 Fernwood Cir Detached $449,950 $510,000 2129 6
3312 Sabina Ct Detached $549,900 $536,500 1665 39
16525 Glenwood Ct Detached $559,900 $626,150 2166 2
839 E Ave Detached $649,000 $637,000 1722 5
17018 Summer Pl Detached $699,900 $69,000 2,925 8
14435 Uplands Dr Detached $965,000 $908,890 4822 126
1224 Tyndall Ct Detached $1,039,000 $1,039,000 4157 1
642 Iron Mountain Blvd Detached $1,295,000 $1,072,500 4575 369
588 9th St Detached $1,200,000 $1,180,000 3536 3
13237 Knaus Rd Detached $1,995,000 $1,965,000 4900 44
17849 Upper Cherry Ln Detached $2,898,000 $2,800,000 8731 10

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.

What Color Should I Paint My Home?

Paint 1I just got done with my own house-painting project, and didn’t think it would take as much of my time or thought process as it did!  Being in this business, you’d think I’d sail right through that one, and/but when it is your own home, its always a different experience. There are lots of things to think about. Color is the first one.  I gave myself weeks of driving around and consciously looking at homes and trying to picture myself coming home to that color.  As time went on, I noticed that I was attracted to a particular color combination which I had used on a previous home. I had really wanted to try something new, but in the end, the color combo I chose is what made ME feel that “home” feeling.

Here are a few things that came up for me, and that you might find helpful:

  • You’ll want to think about how many colors to employ. Some people use one color for the main body of the home, another for the basement (if there is one) and another for eves or dormers or other accent features. Others use one color for the whole body.  If your home is small, consider that it may look larger if you avoid visually chopping it up by, for instance, painting the basement a different color. If it is a larger home, a little contrast may be nice. Also, remember the porch.
  • If you have a comp roof, what color is it?  Take that into consideration as you contemplate complimentary color schemes.
  • If you are selling your home, talk to your Realtor and/or the paint store about popular colors. Its wise to stay neutral, and/but you don’t want to be boring!
  • Walk around your neighborhood. Take a look at the colors on the block. It may inform you as to what will be appealing from the street.  You don’t want three dark grey w/white trim houses right next to each other…
  • I was advised (and it turned out to be true) that the color will show up a little lighter on the walls than it looks inside the paint store.
  • In addition… I’ll share a little superstition with you that I find charming. Many believe that it is a good idea to paint the underside of your porch’s ceiling blue.  It is considered Good Luck. You can Google it & find out more. Bottom line? I like Good Luck (I don’t see a downside : )  I am loving my blue ceiling on the porch.
  • Many people use more than one color on the trimwork & windows.  As in beige with black accents, green with beige accents.  If you are going for contrast and/or just like white trim, most professionals will tell you to use an off-white as it shows wear (and dirt) less.
  • Consider paint quality and your priorities.  If you are staying in your home for the long-term, you may choose a higher-quality paint (I did ). It wears longer and means you won’t likely need to paint for many years to come. If you are selling your home and spending money on multiple projects, you may want to choose a standard paint. Most reputable paint companies have great quality standard paints that last a long time!
  • Ask for referrals from friends and/or your Realtor when you choose a painter. You want someone who knows what they are doing and is responsible, licensed and bonded. I’d advise getting three bids.  I found there to be a wide variety of pricing and professionalism.
  • Lastly… Make sure YOU are happy with your color choice. Don’t let anyone talk you into something that doesn’t feel like “home” to you.