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.

Contact: Dianne | Linda | Whitney

Subscribe by EMail

Enter your email address:



Brought to you by:

Market Activity ~ Feb 6-19, 2017

The two week period from Feb 6-19 saw 17 New properties enter the market in Lake Oswego, 39 move to Pending status, and 24 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Feb 6-19, 2017)

Address List Price # Beds # Baths Total SF Prop Type
15479 BRIANNE CT $299,900 2 2.1 1204 ATTACHD
18455 SW Terry $449,000 3 2 2257 DETACHD
16809 CORNELL ST $535,000 3 3.1 3034 DETACHD
4286 ORCHARD WAY $580,000 3 2 2106 DETACHD
900 DEVON LN $595,000 4 3 2234 DETACHD
17582 CARDINAL DR $599,900 4 2.1 2326 DETACHD
17020 CHAPIN WAY $675,000 4 3 3258 DETACHD
5622 CARMAN DR $689,900 4 2 2164 DETACHD
15199 LILY BAY CT $878,000 5 3 2696 DETACHD
4190 CHAD DR $925,000 4 3.1 3913 DETACHD
1273 WELLS ST $979,000 5 3 4091 DETACHD
1120 HOODVIEW LN $1,175,000 4 3 3909 DETACHD
13598 MEADOWCREEK LN $1,300,000 4 3.1 3403 DETACHD
18246 BELLA TERRA DR $1,349,900 4 3.1 4196 DETACHD
13707 FIELDING RD $1,500,000 4 3 3337 DETACHD
17138 CEDAR RD $1,975,000 3 3.1 3017 DETACHD
13560 FIELDING RD $2,688,000 5 5.1 5308 DETACHD

PENDING SALES (Feb 6-19, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
1 CRESTFIELD CT $149,500 1 1 689 CONDO 4
4 TOUCHSTONE #71 $169,000 2 2 984 CONDO 2
32 CRESTFIELD CT $179,000 2 2 995 CONDO 3
6880 SW MONTAUK CIR #6882 $195,000 2 1 924 CONDO 6
151 OSWEGO SMT $199,900 2 2 1506 CONDO 37
200 RIDGEWAY RD $225,000 2 1 944 CONDO 4
16411 INVERURIE RD $350,000 2 1 920 DETACHD 1
4980 GALEN ST $374,999 2 2.1 1552 ATTACHD 4
23 MOUNTAIN CIR $395,000 2 2 1363 DETACHD 17
5333 TREE ST $400,000 3 1 1114 DETACHD 3
4724 FIRWOOD RD $405,000 3 1.1 1240 DETACHD 57
29 BECKET ST $480,000 3 2.1 2354 DETACHD 124
6462 FROST ST $499,000 4 2.1 2279 DETACHD 9
17605 HILL WAY $500,000 3 2.1 2054 DETACHD 3
48 AQUINAS ST $509,000 4 2 2693 DETACHD 2
1225 CORNELL ST $514,999 3 2 1395 DETACHD 65
6122 CARMAN DR $520,000 4 2 1508 DETACHD 4
1710 MEADOWS DR $525,000 3 2 1677 DETACHD 4
19061 SW INDIAN CREEK AVE $529,000 4 3 3070 DETACHD 187
18400 INDIAN CREEK DR $548,800 4 3 1736 DETACHD 5
4750 UPPER DR $550,000 4 3 3091 DETACHD 14
17433 SCHALIT WAY $589,950 4 2.1 2350 DETACHD 5
275 EVERGREEN RD $600,000 2 3.1 1761 ATTACHD 9
17225 GREENTREE AVE $639,900 4 3 2718 DETACHD 178
4668 HASTINGS PL $649,900 3 2.1 2432 DETACHD 3
17927 RIDGE LAKE DR $659,000 4 2.1 2544 DETACHD 18
57 EAGLE CREST DR $679,900 5 2.1 3884 DETACHD 208
1276 ROCKINGHORSE LN $679,900 5 3 3304 DETACHD 4
1282 HIDE A WAY LN $699,000 5 3 3249 DETACHD 152
4847 HASTINGS DR $699,000 4 2.1 2703 DETACHD 4
14061 TAYLORS CREST LN $765,000 4 2.1 2970 DETACHD 114
2100 RIDGE POINTE DR $799,900 5 5.1 5375 DETACHD 228
18653 PILKINGTON RD $1,100,000 4 3.1 3260 DETACHD 6
3129 DOUGLAS CIR $1,170,000 4 3.1 4002 DETACHD 23
4100 CANAL RD $1,349,000 4 3.1 4957 DETACHD 16
4434 LAKEVIEW BLVD $1,375,000 3 3 2803 DETACHD 89
17437 CANAL CIR $1,550,000 4 2.1 2815 DETACHD 4
18000 EASTRIDGE LN $1,750,000 4 4.1 5610 DETACHD 16
1210 CHANDLER RD $2,599,000 6 6.2 7668 DETACHD 326

SOLD (Feb 6-19, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
3433 MCNARY PKWY #703 $194,500 $210,000 2 2 1008 CONDO 3
4000 CARMAN DR #32 $235,000 $228,000 2 2 1083 CONDO 6
183 OSWEGO SMT $265,000 $237,400 2 2 1506 CONDO 105
1694 BONNIEBRAE DR $275,000 $270,000 2 1 864 CONDO 19
5057 FOOTHILLS DR #C $299,900 $309,900 3 2 1252 CONDO 25
4351 WOODSIDE CIR $385,500 $341,500 3 2 1532 CONDO 36
5916 KENNY ST $439,900 $390,000 3 1 1012 DETACHD 116
1 SAINT HELENS CIR $424,900 $424,900 3 2.1 1422 DETACHD 74
4396 GALEWOOD ST $450,000 $450,000 3 2.1 1672 DETACHD 0
5538 ROYAL OAKS DR $525,000 $512,000 3 2 1899 DETACHD 15
4920 CENTERWOOD ST $569,000 $551,250 3 2.1 2072 DETACHD 175
64 TOUCHSTONE $585,000 $565,000 4 2.1 3494 DETACHD 49
13448 AUBURN CT $649,900 $645,000 3 2.1 2535 ATTACHD 1
17517 OAK MEADOW LN $709,000 $690,000 4 2.1 2952 DETACHD 60
674 1st ST $699,000 $694,000 2 2.1 2140 CONDO
5124 WOODCREST LN $739,000 $742,000 4 2.1 2923 DETACHD 2
471 COUNTRY CLUB CT $799,999 $782,000 4 3 2962 DETACHD 290
4113 WOLF BERRY CT $839,000 $815,000 4 3 2922 DETACHD 26
5327 CARMAN GROVE LN $845,000 $840,700 4 3 3125 DETACHD 170
18402 ANDUIN TER $1,185,000 $895,000 4 3.1 4118 DETACHD 93
17833 MARYLCREEK DR $1,180,000 $930,000 5 4.1 5495 DETACHD 136
1340 COUNTRY COMMONS $1,089,900 $1,089,900 4 3 3359 DETACHD 20
13725 CAMEO CT $1,500,000 $1,450,000 5 4.1 4803 DETACHD 329
333 NORTHSHORE RD $3,597,500 $3,300,000 4 4.1 5150 DETACHD 28

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 Jan 30-Feb 5, 2017

Last week in Lake Oswego there were 11 new listings, 23 properties that moved to pending status, and 13 properties that sold/closed.

Following is the breakdown for you according to RMLS:

New on Market (Jan 30-Feb 5, 2017)

Address Type Price BR Baths Sq Ft
168 Oswego Summit Condo $199,900 2 2 1383
550 State St Condo $245,900 2 1 920
4750 Upper Dr Detached $550,000 4 3 3091
17433 Schalit Way Detached $589,950 4 2.5 2350
15 Northview Ct Attached $638,500 4 3.5 3279
3333 Royce Way Detached $749,000 3 2.5 2697
819 Boca Ratan Dr Detached $814,000 4 3 2762
2050 Childs Rd Detached $1,200,000 4 4 4814
4394 Lords Ln Detached $1,350,000 4 3.5 3748
16586 Phantom Bluff Ct Detached $1,350,000 3 2.5 2523
18000 Eastridge Ln Detached $1,750,000 4 4.5 5610

Pending Sales (Jan 30-Feb 5, 2017)

Address Type Price BR Baths Sq Ft CDOM
4625 Lakeview Blvd Condo $129,000 1 1 753 8
24 Crestfield Ct Condo $149,900 1 1 689 19
169 Oswego Summit Condo $189,900 2 2 1383 289
326 Cervantes Circle 13-E Condo $189,900 2 1 832 10
200 Burnham Rd #404 Condo $234,000 2 2 1325 95
183 Oswego Summit Condo $247,000 2 2 1506 105
220 Ridgeway Rd Condo $259,900 2 1 914 4
19377 Sycamore Ave Detached $355,000 3 1 1008 3
200 Burnham Rd#210 Condo $369,900 3 2 1966 979
19061 Redwing Ct Detached $489,900 3 2 1611 20
4950 Centerwood St Detached $489,900 3 2 1871 201
5725 Windfield Loop Detached $538,000 3 2 1615 12
32 Da Vinci St Detached $619,000 5 3 3460 217
19477 35th Ct Detached $625,000 3 2 3276 53
13448 Auburn Ct Attached $649,900 3 2.5 2535 1
13483 Snowberry Ct Detached $765,000 4 2.5 3308 277
15853 Alston Way Detached $780,000 3 2.5 2689 518
1350 Ridgecrest Dr Detached $799,000 4 3.5 3534 209
205 5th St Detached $799,000 4 3 2556 77
849 F Ave Detached $1,124,900 3 2.5 2674 101
142 Cornell Ct Detached $1,195,000 3 3 2918 173
515 10th St Detached $1,199,000 4 2.5 2821 165
1622 Leslie Ln Detached $1,695,000 5 3.5+.5 5827 0

Sold/Closed (Jan 30-Feb 5, 2017)

Address Type List Price Sold Price Sq Ft CDOM
100 Kerr Pkwy #42 Condo $129,990 $126,500 822 4
3946 Carman Dr Condo $245,000 $245,000 1,129 0
5717 Bonita Rd Detached $478,000 $450,000 2,572 176
6244 Frost Ln Detached $500,000 $465,000 2304 164
937 F Ave Detached $575,000 $480,000 1382 4
4978 Suntree Ln Detached $535,000 $545,000 2348 1
18531 Waxwing Way Detached $565,000 $552,500 1920 53
4801 Heritage Ln Detached $627,500 $589,000 2205 113
2399 Palisades Crest Dr Detached $695,000 $655,000 4452 97
17920 Meadowlark Ln Detached $675,000 $675,000 2716 33
4079 Coltsfoot Ln Detached $759,900 $685,000 3308 528
5343 Greystoke Dr Detached $816,000 $866,840 3125 136
1790 Skyland Dr Detached $1,295,000 $1,275,000 5684 4

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

Snapshot of Community Activities & Events

Ever wonder what this community is really like? Here are a few upcoming events (out of many!) to give you an idea of the variety of ongoing activities available to the residents and friends of Lake Oswego:

  • Every Wed 9:15-10:15AM, Little Medical School brings science, medicine and  the importance of health to 4-6 year olds in a fun way!  Lake Oswego Parks & Recreation, 1500 Greentree Road  CLICK HERE FOR MORE    Little Sports Medical School for Ages 8-11 Meet Saturdays 9:30-10:30AM!
  • Author Nathalia Holt’s Rise of the Rocket Girls (The Unsung Heroes of NASA) is the true story of women who helped launch America into space. Come meet her and hear her presentation at the Lake Oswego Library Wed, Feb 8 from 7:009:00PM. Tickets are free, but you must have a ticket. CLICK HERE for more information.
  • Want to go Cross-Country Skiing with old and perhaps new friends?  Come on down to Palisades at  1500 Greentree Rd. on Sat, Feb 11 at 8:00AM & head on up the mountain for a fun-filled day at Multorpor Meadows.  CLICK HERE for more information.
  • Friends of Southwood (4.10 acres of natural area and a stream) invite you to come join in and help plant native species to contribute to a healthy stream and provide food and shelter to important bugs and pollinators. Sat, Feb 11, 2017 10:0012:00PM  Please contact Kim Valley  for more information at 503-336-4646.
  • Teen Valentine Poetry Slam happens Thurs, Feb 9th 7:00-8:00PM at the Lake Oswego Library. Love the love, or not!  Either way, we care!  Put your feelings in a poem and get ready to share…
  • Aqua Yoga is here! Join this low-impact class held Saturdays, 11:00-11:45 at The Springs at Carman Oaks3800 Carman Drive. CLICK HERE to register!
  • Breaking the Sound Barrier: Celebrating Unsung Heroes in Science. Lakewood Center for the Arts, Feb 11th, 10:30AM-12:00PM. Come enjoy this Readers Theater presentation with a focus on women in science of whom you’ve never heard! The actors will represent Nobel Prize winners, astronauts, inventors, and other inspirational women scientists in a refreshing and fun style.  You’ll learn about heroes whose achievements affect our everyday lives in a positive way.  Directed by experienced local theatre producer Barbara McDonald and featuring local AAUW actors.  Written by Gloria Holland, Salem AAUW.

Market Activity ~ Jan 23-29, 2017

Last week saw 5 New properties enter the market in Lake Oswego, 9 move to Pending status, and 13 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 23-29, 2017)

Address List Price # Beds # Baths Total SF Prop Type
4625 LAKEVIEW BLVD $129,000 1 1 753 CONDO
5228 BONITA RD $330,000 4 2.1 1800 DETACHD
17927 RIDGE LAKE DR $659,000 4 2.1 2544 DETACHD
17071 REBECCA LN $669,000 3 3 2288 DETACHD
17973 Saint Clair DR $748,000 4 3 3323 DETACHD
5328 LOWER DR $795,000 4 2.1 2600 DETACHD
15112 QUARRY RD $1,099,000 5 3.1 3285 DETACHD
3129 DOUGLAS CIR $1,170,000 4 3.1 4002 DETACHD
15536 VILLAGE DR $1,178,000 6 3 3985 DETACHD
4100 CANAL RD $1,349,000 4 3.1 4957 DETACHD

PENDING SALES (Jan 23-29, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4660 WILDWOOD ST $450,000 4 2 2412 DETACHD 118
17821 SUNDOWN CT $599,000 4 2.1 3368 DETACHD 165
44 NOVA CT $749,900 4 2.1 2868 DETACHD 127
471 COUNTRY CLUB CT $799,999 4 3 2962 DETACHD 290
2107 GOODALL CT $850,000 4 3 3029 DETACHD 3
670 1st ST $899,000 3 2.1 2767 CONDO
13 NANSEN SMT $899,900 4 4.1 4625 DETACHD 1278
4720 FIRWOOD RD $1,150,000 4 3 3483 DETACHD 0
12819 ALTO PARK RD $1,169,900 4 4.1 4102 DETACHD 130

SOLD (Jan 23-29, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD #D104 $164,900 $157,000 2 2 924 CONDO 13
4 TOUCHSTONE #87 $175,000 $160,800 2 2 984 CONDO 23
18220 INDIAN CREEK DR $489,000 $470,000 4 2 1736 DETACHD 62
655 2ND ST $499,000 $500,000 2 2 1457 ATTACHD 32
18441 INDIAN CREEK DR $500,000 $512,500 3 2.1 1775 DETACHD 1
19 FALSTAFF ST $549,000 $515,000 4 2.1 3207 DETACHD 207
16 CHURCHILL DOWNS $565,000 $554,000 3 2.1 2056 DETACHD 9
16827 SCOTT CT $1,000,000 $990,000 4 3.1 4179 DETACHD 140
429 6th ST $1,049,000 $999,000 4 2.1 3205 DETACHD
13959 FOSBERG RD $2,500,000 $1,543,440 4 5.1 5075 DETACHD 183

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 Jan 16th - 22nd, 2017

Hello all! I hope your 2017 has been off to a wonderful start!
Lake Oswego’s real estate market has been pretty ritzy, in a manner of speaking. So many big fancy houses have sold this last week! What elegant homes, each and every one of them. This is the kind of start to a new year that I like seeing!
With that said we should be seeing real estate activity pick up, and jump into the spring market. I’m pretty excited to see what homes go up for sale this year.
Keep it classy LO!

Following is the breakdown for you according to RMLS:

New on the Market (Jan 16-22, 2017)

Address Type Price Bedrooms Bathrooms Sqft
44 EAGLE CREST DR #28 CONDO 219,950 3 2 1085
18225 SW 65th AVE DETACHED 225,500 3 1.5 1701
17 SUMMIT RIDGE CT ATTACHED 349,900 2 2.5 1558
23 MOUNTAIN CIR DETACHED 395,000 2 2 1360
16695 GLENWOOD CT DETACHED 715,000 4 3 3060
951 WESTPOINT RD DETACHED 3,865,000 6 4 4144
4140 CANAL RD DETACHED 3,999,000 8 7.5 11956

Pending Sales (Jan 16-22, 2017)

Address Type Price Bedroom Bathrooms DOM
86 KINGSGATE RD CONDO 162,900 2 2 2
3680 SPRING LN CONDO 269,900 2 2.5 8
4351 WOODSIDE CIR CONDO 385,500 3 2 36
5916 KENNY ST DETACHED 399,900 3 1 116
18914 LONGFELLOW AVE DETACHED 400,000 3 1.5 89
16758 MELLON AVE DETACHED 659,900 4 2.5 7
674 1ST ST CONDO 699,000 2 2.5 145

Sold/Closed (Jan 16-22, 2017)

Address Type List Price Close Price Sqft DOM
121 LEONARD ST CONDO 300,000 295,000 1136 4
1368 BOCA RATAN DR ATTACHED 325,000 325,000 1611 60
4386 THUNDER VISTA LN ATTACHED 359,000 359,000 1903 13
15 TOUCH STONE DETACHED 495,000 485,000 2276 23
1669 OAK ST DETACHED 589,000 540,000 2649 48
2886 UPPER DR DETACHED 849,000 540,750 2498 214
213 HIDALGO ST DETACHED 550,000 570,000 3964 0
12504 SHELBY CT DETACHED 625,000 635,000 2860 22
50 HILLSHIRE DR DETACHED 645,000 645,000 3188 12
17084 CHAPIN WAY DETACHED 1,225,000 1,200,000 4028 10
19331 LORNA LN DETACHED 1,335,000 1,280,000 5070 100
13648 GOODALL RD DETACHED 1,795,000 1,695,000 5288 56
1976 HIGHLANDS LOOP DETACHED 1,795,000 1,750,000 4597 460
315 BERWICK RD DETACHED 2,295,000 2,200,000 4860 155
15508 DIAMOND HEAD RD DETACHED 2,850,000 2,450,000 3900 185

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.

151 Oswego Summit Open Today!

034I am excited to introduce you to my new listing in Oswego Summit. I’ll be holding it open today from noon to 3pm.

Oswego Summit is at the very top of Mountain Park. It is a large condominium complex with many amenities including an indoor swimming pool, and outdoor swimming pool, a exercise room, and a meeting room for parties and larger gatherings.

005This condo is one of the larger in the complex with 1506 square feet. There are 2 large bedrooms and 2 full baths. The living room has a gorgeous fireplace and crown moldings. There is a utility room and a pantry off of the kitchen, and the square footage does not include a 24′ long sun room with Southern exposure. There is a single car, detached garage as well as a storage closet.

007Because it is located in Mountain Park, it is also part of the Mountain Park Home Owner’s Association. The features of this association include one of the metro area’s nicest pools that has an area designed for lap swimming as well as an area for kids and families with a huge slide and water play area. There is a basketball court and more exercise facilities. Along with the rec center, there are 15 miles of walking paths. This condominium affords not just a home, but a lifestyle.

14305243-14-sThe asking price is $199,900, a true value in Lake Oswego.

Please come by and say hello. I’d love to meet you!
Dianne

Market Activity Jan 9-15, 2017

Having had 12″ snow fall that turned to ice and stayed on the ground for a week, last week was a bit slow. I’m looking forward to seeing the up tick in next week’s report now that we have thawed out. Our numbers last week were 9 new listings, 13 pending sales, and 4 sold/closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (Jan 9-15, 2017)

Address Type Price BR Baths Sq Ft
45 Oswego Summit Condo $109,899 1 1 764
151 Oswego Summit Condo $199,900 2 2 1506
3680 Spring Ln #2B Condo $269,900 3 2.5 1152
19061 Redwing Ct Detached $499,900 3 2 1611
17821 Sundown Ct Detached $599,000 4 2.5 3368
16758 Mellon Ave Detached $659,900 4 2.5 2622
13825 Melrose Pl Detached $924,000 5 4.5 4490
2022 Ridgewood Rd Detached $949,000 4 4 4072
18042 Skyland Circle Detached $1,225,000 5 3 4856

Pending Sales (Jan 9-15, 2017)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #42 Condo $129,990 2 1.5 822 4
86 Kingsgate Rd D104 Condo $164,900 2 2 924 13
4 Touchstone #87 Condo $175,000 2 2 984 23
5057 Foothills Dr C Condo $309,900 3 2 1252 25
4724 Firwood Rd Detached $405,000 3 1.5 1240 29
18220 Indian Creek Dr Detached $479,000 4 2 1736 62
18531 Waxwing Way Detached $550,000 4 3 1920 53
1838 Oak Knoll Ct Detached $595,000 4 2.5 2557 102
32 Da Vinci St Detached $619,000 5 3 3460 193
1900 Greentree Rd Detached $629,900 4 3 3032 164
4079 Coltsfoot Ln Detached $699,900 4 4 3308 528
1 Dover Way Detached $895,000 4 3 3559 93
17833 Marylcreek Dr Detached $960,000 5 4.5 5495 136

Sold/Closed (Jan 9-15, 2017)

Address Type List Price Sold Price Sq Ft CDOM
5050 Lower Dr Detached $299,900 $287,500 1375 86
37 Touchstone Detached $445,000 $430,000 2,573 7
19235 Redwing Ct Detached $485,000 $470,000 2,084 130
16 Becket St Detached $625,000 $589,000 3203 126

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 ~ Dec. & 2016 Numbers

Well, the latest numbers for the entire Portland area for December and 2016 are in!  This is particularly interesting because the numbers are through December 31st…therefore there are figures for December (best look at what’s happening “right now”) AND for the entire year.

Here’s a bonus piece of information (graphic) that just came out via Realtor.com indicating that land is now accounting for more of the value of a property than it used to across the United States. We don’t know what this will mean as yet, but it will likely affect how Appraisers valuate and may impact loans accordingly. Keep your eyes peeled for more information on this as the year progresses.

Land Value

I usually give our Property Blotter Readers a glimpse at the whole Portland market and how Lake Oswego fits into it below. Here you go!

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

  • There were 1,421 New Listings in December 2016 which was down 7.6% from December of 2015’s 1,548, and also down 31.7% from November of 2016’s total of 2,080.
  • At 2,621, December Closed Sales were also down 3.3% from December 2015’s 2,710, and UP 7.7% over the previous month/November 2016’s total of  2,434.
  • December Pending Sales (accepted offers), at 1,757, fell 9.2% from December of 2015’s 1,936, and were also down 22.5% from the previous month/November 2016’s total of 2,266. (Typical: Holidays… Fewer people out making offers for awhile.)
  •  The Average Sale Price in December of $399,300 was up $31,700 from December 2015’s $367,600, and also up from November 2016’s $397,000.
  • The Year-End (Year-To-Date/YTD) Average Sale Price for the Overall Portland Area was $395,000. That compares to 2015’s YTD Average Sale Price which was $354,500. and accounts for an 11.4% rise.
  • The Inventory inventory situation is not much different from last year, which was at 1.2 months as of December 31st 2015…The lowest since 1999.  ***2016 shows Inventory of 1.3 months with 3,511 Active Listings as of Dec 31st.

Average Sale Prices By Area YTD for 2016 were:

  • North Portland: $380,600    (2015: $335,000)
  • NE Portland:  $418,000    (2015: $376,700)
  • SE Portland: $364,600    (2015: $330,100)
  • Gresham/Troutdale: $297,100    (2015: $263,000)
  • Milwaukie/Clackamas: $376,500    (2015: $335,600)
  • Oregon City/Canby: $366,400    (2015: $325,200)
  • Lake Oswego/West Linn: $614,000    (2015: $541,800)
  • W Portland: $563,400    (2015: $495,100)
  • NW Washington County: $487,900    (2015: $442,700)
  • Beaverton/Aloha: $331,900    (2015: $297,300)
  • Tigard/Wilsonville: $404,200    (2015: $370,600)
  • Hillsboro/Forest Grove: $335,100    (2015: $293,900)

The combined areas of Lake Oswego and West Linn  for the month of December 2016 reported:

    •  266 Active Listings    (2015: 255)
    •  68 New Listings    (2015: 86)   
    •  77 Pending Sales    (2015: 98) 
    •  111 Closed Sales    (2015: 143)
    • Average Sale Price for December of $607,100    (2015: $567,300) 
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month.  Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
    • Average Time on the Market: 69 Days    (2015: 81)

Market Activity ~ Jan 2-8, 2017

The week of Jan 2-8, saw 5 New properties enter the market in Lake Oswego, 9 move to Pending status, and 13 “Closed”/Sold. Notably, there were a whopping *18* “refreshed properties which I removed (as usual for your viewing pleasure ; ) from the “New” category.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 2-8, 2017)

Address List Price # Beds # Baths Total SF Prop Type
2734 ORCHARD HILL LN $697,000.00 4 2.1 2814 DETACHD
4182 GLACIER LILY ST $748,000.00 4 3 2799 DETACHD
1454 GLENMORRIE DR $849,900.00 4 2.1 3372 DETACHD
16672 FIR LN $1,238,000.00 4 4.1 4179 DETACHD
16793 GRAEF CIR $2,250,000.00 4 3.1 4680 DETACHD

PENDING SALES (Jan 2-8, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
3433 MCNARY PKWY #703 $194,500.00 2 2 1008 CONDO 3
4000 CARMAN DR #32 $235,000.00 2 2 1083 CONDO 6
1 SAINT HELENS CIR $424,900.00 3 2.1 1422 DETACHD 74
4396 GALEWOOD ST $450,000.00 3 2.1 1672 DETACHD 0
15939 TWIN FIR RD $649,000.00 3 2 2480 DETACHD 66
3838 RIVERS EDGE DR $692,000.00 3 2.1 2849 DETACHD 28
17517 OAK MEADOW LN $709,000.00 4 2.1 2952 DETACHD 60
5124 WOODCREST LN $739,000.00 4 2.1 2923 DETACHD 2
1340 COUNTRY COMMONS $1,089,900.00 4 3 3359 DETACHD 20

SOLD (Jan 2-8, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #7 $114,900.00 $110,000.00 1 1 617 CONDO 6
12848 BOONES FERRY RD $335,000.00 $335,000.00 2 2.1 1182 CONDO 0
47 ORIOLE LN $420,000.00 $430,000.00 3 3 1958 DETACHD 2
15 MASARYK ST $548,000.00 $430,650.00 4 3 3864 DETACHD 247
4739 REMBRANDT LN $485,000.00 $465,000.00 3 2.1 1954 DETACHD 22
7 CONDOLEA DR $449,900.00 $467,000.00 3 3 2388 CONDO 4
17766 ARBOR LN $509,900.00 $468,000.00 3 2 1561 DETACHD 118
2520 SOUTHSHORE BLVD $449,900.00 $490,000.00 3 2.1 2016 DETACHD 24
4697 OAKRIDGE RD $490,000.00 $490,000.00 3 2.1 1738 ATTACHD 7
672 1st ST $659,000.00 $650,000.00 2 2.1 1986 CONDO
13050 FIELDING RD $2,100,000.00 $1,765,000.00 4 5 4777 DETACHD 258
920 WESTPOINT RD $4,025,000.00 $4,025,000.00 4 4.1 6337 DETACHD 1
3232 LAKEVIEW BLVD $5,450,000.00 $4,641,000.00 4 4.1 7925 DETACHD 280

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 Dec 26, 2016 - Jan 01, 2017

Happy New Year! And welcome 2017.
I hope you all have had wonderful holidays, but now that the festivities are over it is time to get back into the old grind. It is so difficult to get back to work after taking some time off for holidays, that’s for sure!

The market did slow down quite a bit, however I am willing to bet that in the coming weeks we’ll see activity pick up. Sure it can be cold out, and there are still people willing to look at houses in the snow, but at soon as it starts to warm up a bit we’ll see a lot of interest.

For now, the report is pretty small to cover our last week of the holidays.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Dec 26, 2016 – Jan 01, 2017)

Address Type Price Bedrooms Bathrooms Sqft
86 KINGSGATE RD D104 CONDO 165,900 2 2 924
15256 BOONES WAY ATTACHED 424,500 2 2.5 1618
5844 BAY POINT DR DETACHED 824,900 3 2.5 3350
148 5TH ST DETACHED 1,625,000 4 3.5 3540

PENDING SALES (Dec 26, 2016 – Jan 01, 2017)

Address Type Price Bedroom Bathrooms DOM
47 EAGLE CREST DR CONDO 174,900 2 1 6
1694 BOONIEBRAE DR CONDO 275,000 2 1 19
37 TOUCH STONE DETACHED 445,000 4 3 7
6244 FROST LN DETACHED 480,000 4 3.5 164
18402 ANDUIN TER DETACHED 899,995 4 3.5 93

SOLD (Dec 26, 2016 – Jan 01, 2017)

Address Type List Price Close Price Sqft DOM
18630 WOOD DUCK ST DETACHED 385,000 406,000 1808 1
4400 COBB WAY DETACHED 565,000 577,240 1676 7
5530 DUNMIRE DR DETACHED 715,000 645,000 3040 187
4279 ALBERT CIR DETACHED 685,000 650,000 2768 125
4 GARIBALDI ST DETACHED 650,000 670,500 2430 7
6457 MCDUFF CT DETACHED 733,500 725,000 3193 10
2325 OAKHURST LN DETACHED 759,900 745,000 3627 153
13730 CAMEO CT DETACHED 1,175,000 1,162,000 3726 29
548 RIDGEWAY RD DETACHED 1,560,000 1,395,000 2830 455

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.