A Guide to Lake Oswego Real Estate and Community Dianne & Linda Brought to you by Dianne Gregoire and Linda Rossi (Trotta), brokers with Oregon First, a professional real estate company licensed with the Oregon Real Estate Agency.

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Market Activity~Apr 7-13, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 22 New properties enter the market, 19 move to Pending status, and 11 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on MKT (Apr 7-13, 2014)

Address List Price # Beds # Baths Total SF Prop Type
44 EAGLE CREST DR #15 $99,900 1 1 798 CONDO
5052 FOOTHILLS DR #E $249,900 2 2 1252 CONDO
23 BLOCH TER $269,000 2 2 1394 ATTACHD
39 GREENRIDGE CT $270,000 3 1.1 1664 ATTACHD
1878 MAPLELEAF RD $330,000 3 1.1 1347 DETACHD
1402 PARRISH ST $382,000 3 2.1 1863 ATTACHD
17151 CAMPUS WAY $419,000 4 2 2418 DETACHD
1551 WOODLAND TER $468,000 4 2 2712 DETACHD
32 NORTHVIEW CT $475,000 4 3.1 2903 ATTACHD
318 2ND ST $499,900 3 3.1 2098 ATTACHD
2401 GLEN HAVEN RD $535,000 4 3 2779 DETACHD
18893 INDIAN SPRINGS CIR $549,888 4 3 2841 DETACHD
15644 FIELDSTONE DR $575,000 3 2.1 2588 DETACHD
16126 INVERURIE RD $579,000 4 2.1 2492 DETACHD
14559 PFEIFER WAY $698,950 4 2.1 3356 DETACHD
697 LAKE BAY CT $699,900 2 2 2145 DETACHD
13300 FOX RUN $800,000 4 2.1 4484 DETACHD
18106 Pilkington RD $874,900 4 4.1 3575 DETACHD
16672 FIR LN $960,000 4 4.1 4179 DETACHD
1136 WESTWARD HO RD $1,190,000 3 2.1 3344 DETACHD
16645 Graef CIR $1,295,000 4 3.2 3076 DETACHD
1135 LAKE FRONT RD $2,395,000 4 4 4245 DETACHD

PENDING SALES (Apr 7-13, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
44 EAGLE CREST DR #41 $123,900 2 1 908 CONDO 252
1796 BONNIEBRAE DR $319,900 3 2.1 1782 ATTACHD 17
16227 KIMBALL ST $329,950 4 2.1 1572 DETACHD 80
16041 WALUGA DR $349,900 4 2 1982 DETACHD 5
19244 BENFIELD AVE $350,000 3 2 1202 DETACHD 2
2823 ORCHARD HILL PL $375,000 3 2.1 2288 DETACHD 19
1880 KILKENNY DR $400,000 4 3 2778 DETACHD 140
17200 WARREN CT $424,000 4 2.1 2241 DETACHD 54
1831 KILKENNY DR $449,500 5 3 2597 DETACHD 10
641 8TH ST $449,950 4 2 2319 DETACHD 15
5650 LANGFORD LN $469,000 3 3 1837 DETACHD 3
1571 WOODLAND TER $479,000 3 2 2400 DETACHD 164
4747 UPPER DR $500,000 3 1 2046 DETACHD 7
5300 SW DAWN AVE $524,500 4 3 2544 DETACHD 72
880 WOODWAY CT $525,000 4 3 3478 DETACHD 73
5608 GRAND OAKS DR $629,000 5 3 3147 DETACHD 3
18112 WESTMINSTER DR $700,000 5 4 4391 DETACHD 164
12967 ROGERS RD $775,000 5 3.1 3945 DETACHD 0
18025 Skyland CIR $1,199,000 4 4.2 5379 DETACHD 228

SOLD (Apr 7-13, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
3696 SPRING LN #3B $141,700 $135,000 2 2 1117 CONDO 53
200 BURNHAM RD #406 $214,500 $200,000 2 1 1199 CONDO 26
575 HEMLOCK ST $335,000 $340,000 3 2 1175 DETACHD 2
61 S CONDOLEA TER #Grnd $395,000 $380,000 3 2.1 2373 CONDO 23
18555 EDGEWOOD CT $419,000 $431,000 3 2.1 2380 DETACHD 2
13057 SIERRA VISTA DR $489,000 $469,000 4 2.1 2510 DETACHD 53
628 LAKE BAY CT $639,000 $539,000 3 2 1729 DETACHD 292
4038 BASS LN $559,900 $542,000 4 3 2816 DETACHD 132
19364 RIVER RUN DR $679,000 $605,000 5 3.1 3010 DETACHD 245
13310 ATWATER LN $1,450,000 $1,249,000 5 4 5697 DETACHD 300
1345 CHERRY LN $1,295,000 $1,295,000 5 3.1 5259 DETACHD 235

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

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Popcorn Ceilings

800px-Popcorn_ceiling_texture_close_upPopcorn ceilings were a common and widely used ceiling finish from the 1950′s to the early 1980′s. Builders loved the stuff. It sprayed on, so did not require a lot of skill to apply, it covered defects to create a nice, uniform appearance, and it was a bright white color that consumers liked. What was popular then is not at all popular today.

From an aesthetic perspective, buyers today just don’t like the look. It stamps the house as “dated”. But from a health perspective, these ceilings can be a health hazard because many of them contain asbestos.

Asbestos is a small fiber that if air born and breathed in, lodges itself into the lungs and can not be exhaled. Over time it causes inflammation, irritation, and can lead to lung cancer. So, yes, it’s nasty stuff.

In 1978 the use of asbestos in ceiling treatments was banned by the Clean Air Act. However, to minimize the economic impact, existing supplies were exempt and used until they were gone. So the product continued to be used until sometime in the 1980′s.

For Sellers
If you are selling a home with popcorn ceilings, consider having the ceilings tested. Buyers are going to be asking about the ceilings and having a professional lab report will answer that question right up front. It’s also entirely possible that your ceilings do not contain asbestos. Not all popcorn ceilings do. This same lab report could work to your benefit if this is the case.

I would also suggest that you may want to have the ceilings removed. This would be an instant update and enhance the desirability of your home for prospective buyers. Get professionals to address the ceiling removal. Asbestos must be handled by licensed professionals with all proper precautions taken. I actually represented a buyer on one occasion where we learned the home owners grandson had done the removal of asbestos. We left the house and never went back in considering the entire home to now be a health hazard.

For Buyers
Do not let the popcorn ceilings keep you from buying a house that you love. As part of the inspection process have the ceilings professionally tested and then negotiate a solution with the seller.

Remember too that asbestos, when contained and not in the air is not harmful. You have to breath it in to have it hurt you. So if the ceiling is in good condition and not touched, it is not dangerous. This would come down to your own personal feeling of what is and is not acceptable.

Many really beautiful homes have popcorn ceilings. In time I predict that nearly all of these ceilings will be removed. For both buyers and sellers, you need to be knowledgeable and go into the transaction with open eyes.

Now I am off to enjoy this gorgeous weather!
Dianne

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Market Activity March 31-April 6, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 27 New properties enter the market, 23 move to Pending status, and 10 “Closed”/Sold.

Following is the breakdown according to RMLS:

New on the Market (March 31-April 6, 2014)

Address Type Price BR Bths SF
4 Touchstone #137 Condo $122,500 2 2 984
4 Touchstone #87 Condo $123,000 2 2 984
4 Touchstone #104 Condo $128,000 3 2.5 1351
86 Kingsgate B103 Condo $136,500 2 2 924
4 Touchstone #69 Condo $163,500 3 2.5 1351
152 Ridgeway Rd Attached $239,000 2 1.5 1794
4465 Golden Ln Attached $249,900 2 2.5 1996
4514 Lower Dr B3 Attached $319,800 2 2.5 1644
468 5th St #13 Condo $319,000 2 1.5 1092
1831 Kilkenny Dr Detached $449,500 5 3 2597
5222 Carman Dr Detached $474,900 5 3 2597
4546 Auburn Ln Attached $500,000 3 3.5 2732
6 Scarborough Dr Detached $500,000 5 3 2513
4747 Upper Dr Detached $500,000 3 1 2046
2388 Overlook Dr Detached $525,000 4 3 2765
3102 Duncan Dr Detached $529,000 4 3.5 3910
18 Morningview Circle Detached $540,000 3 2.5 2931
5318 Coventry Ct Detached $540,000 4 2.5 2407
16198 Nola Ct Detached $598,950 4 2.5 2425
18059 Westminster Dr Detached $645,000 4 2.5 3214
16673 Ford Pl Detached $709,900 4 3 3100
16757 Ford Pl Detached $725,000 4 3 3150
16589 Woodsman Ct Detached $749,000 5 3.5 5113
1267 Cherry Ln Detached $849,900 3 2 3311
4063 Canal Woods Ct Detached $1,095,000 4 3.5 4563
17521 Ridgeview Ln Detached $1,379,900 4 3.5 4813
13400 Fielding Rd Detached $1,400,000 3 1.5 3189

Pending Sales (March 31-April 6, 2014)

Address Type Price BR Baths SF DOM
3433 Mcnary Pkwy #206 Condo $127,500 2 2 1008 162
272 Cervantes Condo $149,900 3 2 1209 27
12 Condolea Dr Condo $200,000 2 2 1312 0
12844 Boones Ferry Rd Condo $274,900 2 2.5 1152 5
69 Kingsgate Rd Detached $349,900 3 2.5 1636 3
14150 Goodall Rd Detached $374,900 3 2 1565 3
5213 Rosewood St Detached $379,900 3 2.5 1934 49
5644 Windfield Loop Detached $389,000 3 3 1800 3
1575 Hallinan St Detached $450,000 4 2.5 2167 11
13364 Auburn Ct Attached $459,900 3 2.5 2451 4
824 Evergreen Rd Detached $465,000 4 1.1 1420 14
1430 Woodland Terrace Detached $469,000 5 3 3162 49
3020 Brookside Rd Detached $484,950 4 2 1926 110
17088 Rebecca Ln Detached $499,950 4 3 2554 209
18360 Tualata Ave Detached $524,999 5 2.5 2703 67
566 5th ST Detached $540,000 3 2 2377 20
134 Del Prado St Detached $585,000 5 3 3972 1
5746 Charles Circle Detached $599,900 4 2.5 2737 2
4720 Lakeview Blvd Detached $639,000 4 3.5 2939 94
18130 Westminster Dr Detached $660,000 4 2.5 3344 241
2390 Palisades Crest Dr Detached $900,000 4 4 4823 21
14110 Goodall Rd Detached $995,000 4 3.5 3945 132
1186 Crestline Ct Detached $2,845,000 6 6.5+.5+.5 14411 1080

Closed Sales (March 31-April 6, 2014)

Address Type List Price Closed Price Sq Ft CDOM
4 Touchstone #136 Condo $159,500 $159,500 1351 1
48 Eagle Crest Dr Condo $199,000 $190,000 1623 91
17653 Mardee Ave Detached $349,000 $336,000 1742 25
13060 Elk Rock Rd Detached $474,900 $440,548 3,581 144
319 3rd St Attached $507,000 $497,500 1937 41
3352 Tempest Dr Detached $524,500 $524,500 2664 3
5831 Suncreek Dr Detached $615,000 $604,000 2865 135
2135 Ridge Pointe Dr Detached $1,075,000 $990,000 6755 216
14070 Goodall Rd Detached $1,195,000 $1,239,000 4525 12
17860 Crestline Dr Detached $1,795,000 $1,640,000 7192 57

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

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Open Houses ~ Sun, Apr 6, 2014

There are 27 homes being held Open in Lake Oswego this beautiful Sunday according to RMLS.

Enjoy!

Address L/Price # Beds # Bath Total SF Style Open
4 TOUCHSTONE ##137 $122,500 2 2 984 CONDO 2-4PM
468 5TH ST #13 $319,000 2 1.1 1092 TOWNHSE 1-3PM
1796 BONNIEBRAE DR $319,900 3 2.1 1782 TOWNHSE 1-3PM
304 6TH ST $399,900 1 1 941 DETACHD 1-3PM
3065 ROYCE WAY $469,000 4 2.1 2726 DETACHD 1-4PM
1571 WOODLAND TER $479,000 3 2 2400 DETACHD 1-3PM
13378 PETERS RD $499,000 3 2.2 2355 DETACHD 12-3PM
6 SCARBOROUGH DR $500,000 5 3 2513 DETACHD 1-3PM
17488 MARDEE AVE $519,000 4 2.1 2168 DETACHD 1-3PM
3601 RED CEDAR WAY $525,000 4 2 2226 DETACHD 1-4PM
880 WOODWAY CT $525,000 4 3 3478 DETACHD 1-3PM
5318 COVENTRY CT $540,000 4 2.1 2407 DETACHD 2-4PM
5101 SW DAWN AVE $549,000 5 3 2700 DETACHD 11AM-1PM
7 BERNINI CT $549,000 4 2.1 3314 DETACHD 1-4PM
1428 PINE ST $550,000 3 3.1 2738 DETACHD 1-4PM
11 MASARYK ST $569,900 4 4 4823 DETACHD 1-3PM
16198 NOLA CT $598,950 4 2.1 2425 DETACHD 1-3PM
18059 WESTMINSTER DR $645,000 4 2.1 3214 DETACHD 1-3PM
1704 GLENMORRIE TER $699,000 5 3 4292 DETACHD 1-4PM
18112 WESTMINSTER DR $700,000 5 4 4391 DETACHD 1-4PM
1245 CHANDLER RD $797,500 4 4 3278 DETACHD 1-4PM
755 6TH ST $929,000 4 3.1 4170 DETACHD 1-4PM
17390 GRANDVIEW CT $949,900 4 4.2 4516 DETACHD 1-3PM
18325 CRESTLINE DR $1,240,000 5 4 4552 DETACHD 12-3PM
17342 RIDGEVIEW CT $1,250,000 4 3.1 4240 DETACHD 2-4PM
2120 GLENMORRIE DR $1,275,000 4 3.1 4293 DETACHD 12-2PM
17442 RIDGEVIEW LN $1,375,000 4 3.2 5036 DETACHD 2-4PM
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The Haps in Lake Oswego

Oswego-LakeThe cherry trees are budding & the rest are growing tiny, light-green nodules that will become leaves. The air is warming, and spring is springing in Lake Oswego! People are eating out on the decks of restaurants on the Lake.  Teens are cleaning up their water skiis and getting the boats ready. The shopping Center downtown is seeing extra activity with folks hunting for spring & summer dresses, table accoutrements, & sunglasses. Fresh flowers are gracing all of our homes, and we welcome the heaven that is the spring & summer months here.

The following is a sampling of activities coming right up in Lake Oswego:

 

* Teen Poetry Slam – Thurs Apr 3rd – 7-8PM – Lake Oswego Library – Click HERE for more info.

* Trillium Festival & Hardy Plant Sale – Sat & Sun April 5th & 6th  - 10AM – 4PM  Tryon Creek – Click HERE for more details.

Arbor Week Festival and Tree Planting – Kickoff  Sun, April 6th – Noon – 3PM  - Millenium Plaza Park -Click HERE for more details.

* Preschool Storytime - Tues, April 8th (repeats weekly) – 10:30 – 11AM – Lake Oswego Library – Click HERE for Program Details.

* Performing Arts –  Wed, April 9th – 1-2PM – Lake Oswego Library – Seattle folk singer, Rose Laughlin performs captivating Celtic and American folk songs – Click HERE for more info.

* Boones Ferry Road Project Advisory Committee Meeting – Tues, April 15th – 9 – 11AM – West End Building  -  Click HERE for more info.

 

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Market Activity ~ March 24-30, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 15 New properties enter the market, 22 move to Pending status, and 11 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on MKT (Mar 24-30, 2014)

Address List Price # Beds # Baths Total SF Prop Type
16250 PACIFIC HWY #45 $219,500 2 2 1311 CONDO
20 SUMMIT RIDGE CT $364,950 2 2.1 1704 ATTACHD
5644 WINDFIELD LOOP $389,000 3 3 1800 DETACHD
2823 ORCHARD HILL PL $425,000 3 2.1 2288 DETACHD
13364 AUBURN CT $459,900 3 2.1 2451 ATTACHD
641 8TH ST $459,950 4 2 2319 DETACHD
5559 ROYAL OAKS DR $468,950 4 2.1 2105 DETACHD
17488 MARDEE AVE $519,000 4 2.1 2168 DETACHD
6 HILLSHIRE DR $525,000 5 3 3254 DETACHD
2103 RIDGEWOOD RD $583,000 4 2 1650 DETACHD
17356 BRYANT RD $724,900 3 3 2913 DETACHD
5112 WOODCREST LN $799,900 4 4.1 3340 DETACHD
13327 ATWATER LN $979,000 3 2 3004 DETACHD
18325 CRESTLINE DR $1,240,000 5 4 4552 DETACHD
1968 CHERYL CT $1,549,900 4 4.3 6153 DETACHD

PENDING SALES (Mar 24-30, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4626 LOWER DR $99,000 2 2 1260 CONDO 15
116 OSWEGO SMT #116 $147,000 2 2 1140 CONDO 31
5225 Jean RD #404 $198,988 3 2 1500 CONDO 7
16150 KIMBALL ST $269,900 3 1 960 DETACHD 6
6397 MCEWAN RD $284,900 3 2 1008 DETACHD 199
635 1ST ST $289,900 2 2.1 1100 ATTACHD 7
4555 WILDWOOD ST $389,000 3 2 1565 DETACHD 23
2762 VALE CT $419,500 3 2.1 2709 DETACHD 2
2719 GREENTREE RD $429,950 5 3.1 3886 DETACHD 183
7 DEL PRADO ST $445,000 4 3 2232 DETACHD 4
2766 GREENTREE RD $459,500 5 2 2753 DETACHD 251
4908 HASTINGS DR $489,750 3 2.1 2096 DETACHD 4
5 ABELARD ST $529,000 5 3 4660 DETACHD 16
16311 INVERURIE RD $549,900 4 2 2047 DETACHD 127
2865 PARK RD $568,000 4 2.1 3031 DETACHD 7
13520 KNAUS RD $625,000 4 3 2641 DETACHD 180
17479 BROOKHURST DR $675,000 4 2.1 3552 DETACHD 64
13555 FIELDING RD $699,900 5 3.1 3656 DETACHD 112
14640 UPLANDS DR $779,000 4 3 2675 DETACHD 2
1475 SKYLAND DR $1,000,000 4 4.1 3695 DETACHD 2
13310 ATWATER LN $1,249,900 5 4 5697 DETACHD 300
17226 CHAPIN WAY $1,495,000 4 3.1 4917 DETACHD 353

SOLD (Mar 24-30, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
19071 LONGFELLOW AVE $279,900 $245,700 3 1 1080 DETACHD 7
6132 MINNEHAHA CT $259,900 $255,000 3 1.1 1232 DETACHD 11
26 BRIARWOOD RD $425,000 $365,000 4 2.2 2554 DETACHD 199
720 8TH ST $425,000 $415,000 3 2 1498 DETACHD 22
4216 ALBERT CIR $459,000 $446,500 3 2 2130 DETACHD 17
17366 CARDINAL DR $465,000 $475,000 4 2.1 2107 DETACHD 3
55 AQUINAS ST $574,900 $579,900 5 3 3720 DETACHD 19
1931 PARK FOREST CT $649,000 $600,000 5 4.1 3866 DETACHD 979
141 DEL PRADO ST $625,000 $617,700 4 2.1 2788 DETACHD 7
18042 JENIFERS WAY $639,950 $635,000 5 3 2946 DETACHD 6
3200 CHILDS RD $1,195,000 $1,068,000 4 3.1 5128 DETACHD 252

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

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Gigabits, Here We Come

gigabitsThe city of Lake Oswego recently announced that it is on the shortlist of towns being considered by Google to receive ultra-high-speed Google Fiber broadband. Both Google and the City are in a joint planning process to formulate a plan to make this happen.

What would this mean to citizens of the City? Holy-cow fast Internet connnections! Google Fiber is 100 times faster than standard broadband. It allows those who are connected to access a “Gigabit” Internet connection almost instantaneously.

If all goes well, construction of the network would begin in late 2014 or early 2015, with hopes of starting to connect households by mid 2015. We will know if the plan is a go by the end of 2014.

As a Realtor, I spend a good deal of time on the Internet. My time is important to me and being able to do what I do more quickly sounds pretty fine to me.

To learn more and to receive updates, click here.

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Market Activity March 17-23, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 18 New properties enter the market, 17 move to Pending status, and 16 “Closed”/Sold.

Following is the breakdown according to RMLS:

New on Market (March 17-23, 2014)

Address Type Price BR Bths SF
47 Eagle Crest Dr #24 Condo $109,995 1 1 672
5225 Jean Rd #404 Condo $198,988 3 2 1500
16150 Kimball St Detached $269,900 3 1 960
1501 Boca Ratan Dr Attached $284,900 3 2.5 1739
635 1st St Attached $289,900 2 2.5 1100
1796 Bonniebrae Dr Attached $319,900 3 2.5 1782
12731 19th Ave Detached $359,900 3 2 2020
7 Del Prado St Detached $445,000 4 3 2232
1575 Hallinan St Detached $450,000 4 2.5 2167
824 Evergreen Rd Detached $465,000 4 1.5 1420
48 Spinosa Detached $510,000 3 2.5 2848
18768 Wood Duck St Detached $599,900 4 3 2940
17033 Chapin Way Detached $660,000 5 2.5 3163
2858 Tolkien Ln Detached $683,000 4 3.5 3742
2105 Ridge Pointe Dr Detached $950,000 5 3.5 5576
17312 Bergis Farm Dr Detached $1,299,000 5 3.5+.5 4752
13612 Goodall Rd Detached $1,469,000 5 4.5 4362
1017 Lake Front Rd Detached $2,795,000 5 4.5+.5+.5 4071

Pending Sales (March 17-23, 2014)

Address Type Price BR Baths SF DOM
65 Oswego Summit Condo $146,000 2 2 1140 53
1694 Booniebrae Dr Condo $169,900 2 1 864 1
5063 Foothills Dr #14 Condo $184,900 2 2 1050 68
1374 Boca Ratan Dr Attached $265,000 3 2 1393 14
16915 Inverurie Rd Detached $289,950 3 2 1185 31
4271 Woodside Circle Attached $360,000 3 2 2126 223
639 2nd St Attached $365,000 2 2 1457 27
27 Oriole Ln Detached $387,000 4 2.5 1851 2
1277 Rockinghorse Ln Detached $499,900 3 2.5 2577 4
17095 Rebecca Ln Detached $515,000 4 3 2379 6
1830 Cloverleaf Rd Detached $598,000 3 2.5 1857 56
14113 Amberwood Circle Detached $639,000 4 2.5 3514 39
14069 Edenberry Dr Detached $699,900 4 2.5 3445 3
832 Hoodview Ln Detached $750,000 4 2 2462 16
2300 Childs Rd Detached $765,000 3 2 3183 6
706 McVey Ave Detached $1,495,000 4 3.5 3113 374
12 Dover Way Detached $1,588,000 5 5.5+.5 7658 5

Sold (March 17-23, 2014)

Address Type List Price Closed Price Sq Ft CDOM
4 Touchstone #83 Condo $95,000 $115,000 979 607
97 Oswego Summit Condo $135,000 $130,000 1212 2
18148 Belmore Ave Detached $285,500 $279,900 1008 5
383 Ash St Detached $349,900 $325,000 1,697 2
120 Condolea Dr Condo $337,500 $330,000 2958 2
609 Ash St Detached $344,900 $360,000 2192 3
5079 W Sunset Dr Attached $365,000 $362,600 1760 10
4401 Oakridge Rd Attached $439,000 $395,000 1692 172
146 Del Prado St Detached $399,000 $404,000 3263 45
1508 Pine St Detached $459,000 $435,000 2300 219
2400 Park Detached $477,500 $458,000 1960 3
17632 Woodhurst Pl Detached $648,950 $623,000 4423 200
15519 Village Dr Detached $699,500 $690,500 2274 28
17600 Upper Cherry Ln Detached $1,190,000 $960,000 3900 283
17322 Cedar Rd Detached $1,149,500 $1,062,500 3370 14
612 Ridgeway Rd Detached $2,239,000 $2,020,000 4106 255

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

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News & Notes

Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) numbers:

In the month of February 2014 the Portland area is still showing strength with, yet again, the highest Closed Sales since 2007.

According to the RMLS Market Action Report for the Portland Metro Area  February, 2014:

  • At 1,467, February Closed Sales ware up 5.1% from January’s 1.396, and 6.6% higher than February 2013.
  • There were 2,534 New Listings in February… 8.9% fewer than January’s 2.583, and down 4% from last February 2013.
  • The Average Sale Price in February  was $325,500, up $8,300. from January’s $317,200.
  • FebruaryPending Sales (accepted offers) were not as good; down 18.8% from January, and 13.2% from February 2013.

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

    • 412 Active Listings
    • 168 New Listings
    • 101 Pending Sales
    • 79 Closed Sales
    • An average Sale Price of $546,900.
    • Average Time on the Market: 137 Days
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Market Activity ~ March 10-16, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 17 New properties enter the market, 24 move to Pending status, and 11 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on MKT (Feb 10-16, 2014)

Address List Price # Beds # Baths Total SF Prop Type
47 EAGLE CREST DR #20 $97,000 2 1 1009 CONDO
4626 LOWER DR $99,000 2 2 1260 CONDO
45 EAGLE CREST DR #216 $115,000 1 1 600 CONDO
272 CERVANTES $149,900 3 2 1209 CONDO
3884 BOTTICELLI ST $175,000 2 1.1 1132 CONDO
210 S STATE ST #9 $369,000 2 1.1 1652 CONDO
1880 KILKENNY DR $415,000 4 3 2778 DETACHD
5498 YORKSHIRE PL $474,000 3 2 1911 DETACHD
17095 REBECCA LN $515,000 4 3 2379 DETACHD
5 ABELARD ST $529,000 5 3 4660 DETACHD
566 5TH ST $540,000 3 2 2377 DETACHD
7 BERNINI CT $549,000 4 2.1 3144 DETACHD
201 RIDGEWAY RD $589,000 2 1 2327 DETACHD
2300 CHILDS RD $765,000 3 2 3183 DETACHD
2390 PALISADES CREST DR $900,000 4 4 4823 DETACHD
3130 DOUGLAS CIR $1,448,000 4 3.1 3970 DETACHD
263 NORTHSHORE RD $1,695,000 4 3 3684 DETACHD

PENDING SALES (Feb 10-16, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
52 OSWEGO SMT $63,500 1 1 700 CONDO 361
100 KERR PKWY #52 $70,000 1 1 617 CONDO 14
116 OSWEGO SMT #116 $147,000 2 2 1140 CONDO 16
165 OSWEGO SMTn #165 $199,900 2 2 1383 CONDO 41
200 BURNHAM RD #406 $199,950 2 1 1199 CONDO 26
18430 PILKINGTON RD $249,000 3 1.1 1029 DETACHD 1
19071 LONGFELLOW AVE $279,900 3 1 1080 DETACHD 7
575 HEMLOCK ST $335,000 3 2 1175 DETACHD 2
62 WHEATHERSTONE CT #62 $349,000 4 3.1 2465 CONDO 4
103 GARIBALDI ST $499,000 4 3.1 4000 DETACHD 859
6151 SUMMER WOODS $499,000 4 3 2520 DETACHD 22
319 3RD ST $507,000 3 3.1 1937 ATTACHD 41
2440 OVERLOOK DR $549,900 4 3 3876 DETACHD 19
628 LAKE BAY CT $554,900 3 2 1729 DETACHD 292
18020 JENIFERS WAY $609,881 4 2.1 2966 DETACHD 619
19364 RIVER RUN DR $615,000 5 3.1 3010 DETACHD 245
14051 CHELSEA DR $615,000 4 3 2913 DETACHD 23
19067 MEGAN PL $620,000 4 3 3400 DETACHD 9
5502 KODERRA AVE $639,950 5 2.1 2633 DETACHD
140 FURNACE ST $799,000 3 3.1 3633 DETACHD 10
14435 UPLANDS DR $848,950 4 3.1 4402 DETACHD 55
1345 CHERRY LN $1,295,000 5 3.1 5259 DETACHD 235
2605 SOUTHSHORE BLVD $1,395,000 5 4.1 4550 DETACHD 26
931 Atwater RD $1,529,900 4 4.1 4764 DETACHD

SOLD (Feb 10-16, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
5687 BONITA RD $339,000 $278,495 3 2.1 2048 DETACHD 40
16056 REESE RD $319,000 $308,000 3 2 1667 DETACHD 14
67 TANGLEWOOD DR $434,900 $410,000 4 2.1 3068 DETACHD 163
16038 REESE RD $439,000 $435,000 3 3 3154 DETACHD 2
16275 WALUGA DR $350,000 $471,500 3 3 2677 DETACHD 153
4109 WOLF BERRY CT $529,900 $514,000 4 2.1 2661 DETACHD 88
15713 TARA PL $615,000 $598,000 4 2.1 3442 DETACHD 19
14232 MEADOW GRASS ST $619,000 $612,000 4 3 2965 DETACHD 12
420 RIDGEWAY RD $975,000 $835,000 2 2 2190 DETACHD 316
1600 VIEW LAKE CT $1,295,000 $860,000 2 2.1 3335 DETACHD 165
13537 FIELDING RD $995,000 $860,000 4 3.1 4188 DETACHD 219

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

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