A Guide to Lake Oswego Real Estate and Community
Dianne and Linda

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

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Market Activity ~ Nov 25-Dec 1, 2019

Last week 5 New properties entered the market, 12 moved to Pending status, and 10 were “Closed”/Sold.

Its officially “Holiday Season”, so new properties get scarcer for a few weeks, and/but we have a great inventory already at 183 homes for sale right now in Lake Oswego. This week we only saw 5 properties truly enter the market, however, I did delete 5 that had been “refreshed” with a new ML#, which is also a mark of the season. Overall, Life is good, and folks continue to buy and sell property for a whole host of reasons, so… If you’re looking to make a change that involves either of these, Dianne and I are always busy this time of year, AND always here for you. And… like a broken record, this is an incredible time of year to catch focused, serious Buyers and motivated Sellers. Win/win.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Nov 25-Dec 1, 2019)

Address List Price # Beds # Baths Total SF Prop Type
30 BECKET ST $544,999 3 2 2077 DETACHD
308 4TH ST $625,000 2 2.1 1731 TOWNHSE
17525 CHERRY CT $1,199,000 5 3.1 4559 DETACHD
3250 FIR RIDGE RD $1,349,000 4 3.1 3541 DETACHD
1976 HIGHLANDS LOOP $1,695,000 4 3.2 4881 DETACHD

PENDING SALES (Nov 25-Dec 1, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #76 $180,000 2 2 984 CONDO 20
15938 QUARRY RD #5B $225,000 2 1 996 CONDO 3
4000 CARMAN DR #C37 $249,000 1 1 836 CONDO 34
16250 PACIFIC HWY #76 $325,000 3 2 1745 CONDO 74
4282 WOODSIDE CIR $385,000 2 2 1444 ATTACHD 29
24 DEL PRADO ST $450,000 6 2.1 3034 DETACHD 0
4688 OAKRIDGE RD $475,000 3 2 1788 DETACHD 51
16946 LOWER MEADOWS DR $520,000 3 2.1 1792 DETACHD 20
1293 HIDE A WAY LN $585,000 3 2.1 1720 DETACHD 10
4379 SNOWBRUSH CT $799,000 4 3 3596 DETACHD 606
4125 CASEY CT $999,000 4 3.1 3728 DETACHD 179
19025 SW HILL TOP RD $2,349,500 5 4.1 5366 DETACHD 445

SOLD (Nov 25-Dec 1, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
8 CRESTFIELD CT / Upper $172,900.00 $155,000.00 1 1 689 CONDO 132
25 OSWEGO SMT #25 $180,000.00 $175,000.00 1 1 721 CONDO 53
4634 LOWER DR / Grnd $240,000.00 $245,000.00 2 1.1 1260 CONDO 19
17761 DEEMAR WAY $519,900.00 $430,000.00 3 2 1610 DETACHD 179
5430 SW SILETZ CT $495,000.00 $480,000.00 4 2 1915 DETACHD 4
5071 W SUNSET DR $519,000.00 $496,000.00 2 2.1 1734 TOWNHSE 148
34 MORNINGVIEW CIR $679,000.00 $649,900.00 4 2.1 2942 DETACHD 36
319 3RD ST $679,000.00 $660,000.00 3 3.1 1937 ATTACHD 68
14711 UPLANDS DR $1,290,000.00 $1,150,000.00 4 4.1 3327 DETACHD 931
1225 OAK TER $1,450,000.00 $1,497,900.00 4 4 3771 DETACHD 149

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

Happy Thanksgiving to You!

From our homes to yours, Linda and I would like to wish you and yours a very Happy Thanksgiving!
-Dianne

Market Activity Nov 18-24, 2019

Yes, there is a very small chance of snow flurries this week. Nothing like what is happening in the midwest, but still a clear sign that winter is around the corner. Meanwhile, real estate chugs right along. The numbers remain interesting. Last week in Lake Oswego there were 3 new listings, 17 properties that went pending, and 25 closed sales. Folks who want to buy at this time of year are highly aware of the holidays. It’s a natural time to make a move as most employers give time off during the holidays, which makes organizing the move easier. So lots of houses continue to sell with the target of moving by the holiday.

Following is the breakdown for you according to RMLS:

New on the Market (Nov 18-24, 2019)

Address Type Price BR Baths Sq Ft
1293 Hide A Way Ln Detached $585,000 3 2.5 1720
2425 Prestwick Rd Detached $719,000 3 2 1464
6351 Burma Rd Detached $899,500 4 4 3500

Pending Sales (Nov 18-24, 2019)

Address Type Price BR Baths Sq Ft CDOM
8 Crestfield Ct Condo $162,900 1 1 689 132
218 Cervantes #219 Condo $229,000 2 2 1100 135
3433 McNary Pkwy #107 Condo $235,000 2 2 1008 6
4057 Jefferson Pdwy Attached $295,000 3 2.5 1247 24
5060 Foothills Dr B Condo $350,000 2 2 1252 30
668 McVey Ave #36 Condo $410,000 2 1 852 31
6315 Dawn St Detached $469,500 3 2 1934 127
15371 Twin Fir Rd Detached $485,000 4 2 2876 3
1611 Lee St Detached $589,900 3 2.5 2539 2
41 Tanglewood Dr Detached $632,500 4 3 3001 141
18263 Anduin Terr Detached $690,000 4 3 3103 133
615 Lake Bay Ct Detached $900,000 3 3 2555 129
17808 Hillside Way Detached $995,900 4 3.5 3166 118
13581 Rogers Rd Detached $999,500 4 2.5 2971 287
15136 Glen Eagles Ct Detached $1,100,000 4 2.5 3150 3
4277 Upper Dr Detached $1,625,000 5 3.5 3851 141
6720 Childs Rd Detached $1,850,000 4 4.5 6898 153

Sold/Closed (Nov 18-24, 2019)

Address Type List Price Sold Price Sq Ft CDOM
319 Cervantes Condo $239,900 $225,000 1209 60
56 Galen St Condo $239,950 $235,500 989 14
3968 Carman Dr Condo $309,900 $290,000 1107 35
48 Oriole Ln Townhouse $509,000 $455,000 2072 147
17273 Bryant Rd Detached $492,000 $465,000 1452 88
17518 Redfern Ave Detached $499,000 $535,500 1831 7
17144 Rebecca Ln Detached $539,900 $545,900 2018 3
13455 Auburn Ct Attached $549,900 $549,900 1937 14
14201 Dolph Ct Detached $699,000 $577,000 1916 91
17521 Tree top Ln Detached $589,000 $589,000 2488 3
975 Southshore Blvd Detached $639,900 $629,900 2191 44
18381 Heather Ann Ct Detached $709,900 $650,000 2983 315
71 Nansen Summit Detached $749,000 $680,000 3523 63
16805 Gassner Ln Detached $699,000 $755,000 1773 4
14100 Edenberry Dr Detached $775,000 $775,000 2881 2
654 1st St Condo $824,900 $790,000 2140 167
630 9th St Detached $900,000 $859,000 2683 14
15870 Twin Fir Rd Detached $900,000 $875,000 2856 71
13978 Westcott Ct Detached $945,000 $885,000 3267 56
5685 Charles Circle Detached $929,900 $895,000 2542 35
18049 Skyland Circle Detached $1,080,000 $1,050,000 3717 188
17912 Kelok Rd Detached $1,225,000 $1,225,000 3218 6
4011 Westbay Rd Detached $1,895,000 $1,635,000 4518 196
1120 Crestline Ct Detached $2,800,000 $2,500,000 6440 233
1142 Crestline Ct Detached $3,850,000 $3,300,000 6440 233

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 ~ October 2019 Numbers

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

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

  • There were 3,064  New Listings in October 2019 which was down 1.2%  from October of 2018’s 3,100, and  11.7% from the previous month/September’s 3,470.
  • At 2,588 October 2019’s Closed Sales rose at 6.1% over October 2018’s 2,440, and  also increased 8.9% from the previous month/September 2019’s total of 2,377.
  • October 2019’s Pending Sales (accepted offers), at 2,575 were up  3.7% from October of 2018’s 2,484, but fell 4.1% from the previous month/September 2019’s total of  2,686.
  • The Average Sale Price in October 2019 of $461,400 up $7,000 from last year/October 2018’s $454,400, and up $3,000 from the previous month/September 2019’s $458,400.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in October 2019 of $410,500 was up from last year/October 2018’s $395,000 by $15,500, and up $500 from the previous month/September 2019’s $410,000.   

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

  • North Portland:  $408,000           -0.4%   (Sep $422,300)
    •                                                     YTD Median: $407,500
  • NE Portland:  $466,800                   2.3%   (Sep $429,000)
    •                                                     YTD Median: $430,000
  • SE Portland:  $422,000                   2.2%   (Sep $422,600)
    •                                                     YTD Median: $376,000
  • Gresham/Troutdale:   $376,000     4.3%   (Sep $368,800)
    •                                                     YTD Median: $350,000
  • Milwaukie/Clackamas:  $431,600  3.6%   (Sep $442,000)
    •                                                     YTD Median: $419,000
  • Oregon City/Canby:   $438,100      4.9%   (Sep $437,400)
    •                                                     YTD Median: $411,000
  • Lake Oswego/West Linn:$763,800  1.2%  (Sep $680,900)
    •                                                      YTD Median: $589,900
  • West Portland:    $627,500             -2.5%  (Sep $593,700)
    •                                                     YTD Median: $520,000
  • NW Wash County:  $573,800         -1.8%   (Sep $534,800)
    •                                                      YTD Median: $520,000
  • Beaverton/Aloha:     $405,500       4.5%   (Sep $408,100)
    •                                                     YTD Median: $390,000
  • Tigard/Wilsonville:   $474,700        1.9%   (Sep $465,900)
    •                                                      YTD Median: $439,900
  • Hillsboro/Forest Grove: $420,700  4.3%   (Sep $411,300)
    •                                                      YTD Median: $384,900

LAKE OSWEGO:

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

    •  354 Active Listings  (Sep 405)
    •  129 New Listings     (Sep 162)
    •  126 Pending Sales   (Sep 128)
    •  106 Closed Sales      (Sep 120)
    • Average Sale Price for October: $763,800  (Sep $680,900)
      • 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.
    •  92 Average Days on the Market   (Sep 58)

 

Market Activity ~ Nov 11-17, 2019

There are a total of 204 homes for sale right now in Lake Oswego. Last week 13 New properties entered the market, 12 moved to Pending status, and 17 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Nov 11-17, 2019)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWYbb #52 $168,950 1 1 617 CONDO
9 OSWEGO SMT/Lower $180,000 1 1 764 CONDO
54 CERVANTES CIR/Grnd $205,000 2 1.1 912 CONDO
86 KINGSGATE RD #H201 $221,000 2 2 840 CONDO
65 OSWEGO SMT/Upper $245,000 2 2 1140 CONDO
17 SUMMIT RIDGE CT $325,000 2 2.1 1844 TOWNHSE
1010 LAUREL ST $559,900 2 2 2498 DETACHD
304 6TH ST $575,000 1 1 941 DETACHD
17721 OVERLOOK CIR $739,900 4 2.1 3172 DETACHD
5006 UPPER DR $1,300,000 4 3.1 3284 DETACHD
707 LAKE SHORE RD $1,925,000 3 3.1 2689 DETACHD
17313 BLUE HERON RD $2,069,000 4 2.2 3454 DETACHD
1190 FAIRWAY RD $2,599,000 4 4.1 5855 DETACHD

PENDING SALES (Nov 11-17, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
16200 PACIFIC HWY #6 $419,500 2 2 1190 CONDO 2
4510 LOWER DR B1 $425,000 3 2.1 1729 CONDO 30
1775 CLOVERLEAF RD $549,900 4 2.1 2238 DETACHD 5
3903 TEMPEST DR $579,000 3 2.1 2410 DETACHD 138
5554 ROYAL OAKS DR $595,000 3 2 1861 DETACHD 3
500 MAPLE ST $599,500 3 2.1 2567 DETACHD 153
15008 TWIN FIR RD $689,900 5 3.1 3532 DETACHD 125
5709 CHARLES CIR $725,000 4 2.1 2912 DETACHD 109
1952 EGAN WAY $864,000 3 3 2961 DETACHD 167
14711 UPLANDS DR $1,150,000 4 4.1 3327 DETACHD 931
2311 PALISADES CREST DR $1,249,000 4 2.1 4903 DETACHD 88
3122 UPPER DR $1,299,000 4 4 3939 DETACHD 196

SOLD (Nov 11-17, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
65 GALEN ST / Main $184,000 $180,000 1 1 689 CONDO 18
4 TOUCHSTONE #69 $186,000 3 3 1351 CONDO 20
5225 JEAN RD #403 $279,000 $277,000 2 2 1200 CONDO 10
6 THE GROTTO $425,000 $425,000 3 2 1381 DETACHD 5
6216 WAYZATA CT $440,000 $425,000 3 2 1261 DETACHD 86
5944 BURMA RD $549,000 $547,000 3 2 1409 DETACHD 6
14363 CAMDEN LN $579,000 $584,000 4 2.1 2438 DETACHD 4
79 GREENRIDGE CT $595,000 $584,000 3 2 1642 TOWNHSE 9
1550 BEDFORD CT $624,000 $590,000 2 2.1 2359 DETACHD 404
17573 BLUE HERON CT $625,000 $605,000 4 3 2464 DETACHD 87
45 BECKET ST $650,000 $610,000 3 2.1 2653 DETACHD 78
2103 RIDGEWOOD RD $657,000 $657,000 4 2 1648 DETACHD 3
13 Da Vinci ST $725,000 $690,000 5 3.1 3815 DETACHD 16
5206 ROYAL OAKS DR $735,000 $720,000 5 3.1 2985 DETACHD 126
17701 WESTVIEW DR $750,000 $867,000 3 3 2115 DETACHD 3
2937 RIVENDELL RD $1,200,000 $1,095,000 3 3.1 4965 DETACHD 166
15880 OSWEGO SHORE CT $1,499,000 $1,415,000 4 3.1 4084 DETACHD 561

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

Featured Property: 26 Acre Estate

One of the things that Linda and I like to do is introduce you to really interesting houses for sale here in Lake Oswego. One of special significance came onto the market this week, a 26 acre estate.
It’s just so rare to find a large piece of property like this anywhere in the Portland metro area, but especially here in Lake Oswego. Land is just so valuable that most of it has been divided up and turned into neighborhoods. Sure, you can find houses on acreage if you go South down to Stafford, but to find something that is literally walking distance to a coffee shop, that is special.
What it takes for something like this to occur are home owners who want the lifestyle of living on what is basically a small farm. This land has a barn, stables, an orchard, a pond, an arena and a caretaker’s cottage.
The house itself is also very special. Designed by Roscoe Hemmenway and built in 1951, it has 5114 square feet, 6 bedrooms, and 4.5 bathrooms. The list price is $7,999,000.
Hemmenway was a very well-known Oregon architect. He was a class mate of Richard Sundeleaf and graduated from the U of O school of Architecture in 1922. He had a highly respected career and designed over 300 homes. The largest concentration of Hemmenway houses are in Dunthorpe. He is best known for the Colonial Revival style and took great pride is maintaining the historic details of the design.
Yes, Lake Oswego has lots of multi-million dollar homes, so the price is not what is significant. What is significant is that now is one of the few opportunities that a property of this nature is available.
My thanks to the listing agent, Diana Harrell with Premiere Property Group, LLC. (503-890-2738, dianah@premierepropertygroup.com) for allowing me to feature her listing.
If you would like more information, please give Linda or me a call. We’d love to be of help.
Dianne

Market Activity Nov 4-10, 2019

We are now officially entering into “The Holidays”, that mythical time of year when folks are very busy gearing up for Thanksgiving and Christmas, and Hanukkah. Yes, the market does slow down. But, and it’s a big but, it still cranks right along. Buyers who are shopping at this time of year are MOTIVATED. It’s a great time to put your house on the market and it’s also a great time of year to buy a house.

Last week in Lake Oswego there were 5 new listings, 7 properties that went pending, and 18 closed sales.

Following is the breakdown for you according to RMLS:

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

Address Type Price BR Baths Sq Ft
16946 Lower Meadows Dr Detached $525,000 3 2.5 1792
3615 Upper Dr Detached $600,000 3 2 1529
4511 Oakridge Rd Attached $639,900 3 2.5 2129
936 Evergreen Rd Detached $2,195,000 4 3.5 3772
16931 Maple Circle Detached $3,995,000 4 4.5+.5 5725

Pending Sales (Nov 4-10, 2019)

Address Type Price BR Baths Sq Ft CDOM
202 Cervantes Condo $190,000 2 2 890 170
7155 Childs Rd Condo $213,000 2 1 893 114
200 Burnham Rd #400 Condo $234,900 1 1 948 5
19319 Dogwood Ct Detached $775,000 4 2.5 3119 90
4031 Orchard Dr Detached $795,000 4 2.5 3271 89
4006 Canal Woods Ct Detached $799,000 4 3.5 3514 35
13596 Goodall Rd Detached $1,579,000 4 4.5 3552 205

Sold/Closed (Nov 4-10, 2019)

Address Type List Price Sold Price Sq Ft CDOM
16317 Bonaire Ave Detached $349,000 $320,000 1219 5
668 McVey Ave #50 Condo $380,000 $380,000 636 231
16065 Kimball St Detached $375,000 $403,500 1511 1
336 Livingood Ln Detached $575,000 $505,000 2392 194
5178 Lower Dr Detached $565,000 $509,000 1800 36
12 Northview Ct Attached $525,000 $520,000 3266 143
13662 Blazer Trail Detached $532,000 $522,000 1896 26
358 Lake Bay Ct Detached $735,000 $595,000 1460 69
18212 Indian Creek Dr Detached $659,000 $664,000 2283 3
116 Northshore Rd Detached $729,000 $695,000 2218 285
14066 Edenberry Dr Detached $1,050,000 $860,000 3835 109
15982 Parker Rd Detached $1,100,000 $1,013,801 3135 88
1699 Village Park Ln Detached $1,129,000 $1,088,000 3342 21
4155 Canal Rd Detached $1,250,000 $1,175,000 3805 14
14089 Edenberry Dr Detached $1,700,000 $1,300,000 3398 62
1178 Andrews Rd Detached $1,498,000 $1,498,000 3771 8
13322 Briarwood Ln Detached $1,650,000 $1,600,000 3921 55
13132 Thoma Rd Detached $2,469,900 $2,180,000 5362 144

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.

This Week in Lake Oswego ~ Nov 11-17, 2019

Here are my picks for things happening this week!

Mon, Nov 11, 2019– 11:00AM-12:00PM –  Veterans Day Memorial Ceremony  ~ Lake Oswego honors our Veterans with a Ceremony including presentations and a fly-over at Foothills Park, 199 Foothills Drive – Info: CLICK HERE

Tue, Nov 12 2019 –  7:00-8:00PM Pints from the Past  presents “Chop Suey for All: Chinese Cooks in Oregon” ~ Richard Engeman is a historian and archivist with a deep and wide understanding of the history of the northwest. He’ll present the story of Chinese immigrants from 1850 to the present!~ Lake Theater & Cafe, 106 N State St-  Info:  CLICK HERE  

Wed, Nov 13, 2019 – 1:00-2:00PM – Celtic Music Concert – Andrea and the Bad Wolves!  ~ This Welsh Folk revival band share exciting arrangements of traditional folk songs from Wales, Cornwall and Scotland. ~ Lake Oswego Public Library, 706 Fourth St-Info:  CLICK HERE     

Thu, Nov 14, 2019 10:30-11:00AM – Fun for Ones! Storytime for One-Year-Olds  ~ Join this group for a story, music and fun! (every Thursday) Lake Oswego Public Library, 706 Fourth St –Info:   CLICK HERE

Fri, Nov 15, 2019 9:30-10:30AM Little Masters ~ Parents and 2-5 year olds play in the art room! (every Friday) ~ CCP, 1060 Chandler Rd – Info: CLICK HERE

Sat, Nov 16 2019 – 4:00-6:00PM ~ Cork Art! This program lets adults create a variety of Cork Art projects from wine charms to garden art! ~CCP, 1060 Chandler Rd –Info: CLICK HERE 

Sun, Nov 17 2019 – 1:00-3:00PM ~ Iron Mountain Stewardship Work Party ~  Give nature a helping hand by removing invasive species and more, plus… get to know your Lake Oswego neighbors! ~ Iron Mountain Park –   Info : CLICK HERE 

Market Activity ~ Oct 28-Nov 4, 2019

There are a total of 220 homes for sale right now in Lake Oswego. Last week 7 New properties entered the market, 22 moved to Pending status, and 15 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Oct 28-Nov 4, 2019)

Address List Price # Beds # Baths Total SF Prop Type
12862 BOONES FERRY RD #114 $378,500 2 2.1 1136 CONDO
4282 WOODSIDE CIR $385,000 2 2 1444 ATTACHD
16377 KIMBALL ST $399,900 3 1 1200 DETACHD
100 LEONARD ST / Upper $664,000 3 2 1736 CONDO
8 DOVER WAY $1,500,000 6 4.2 6118 DETACHD
736 SOUTHVIEW RD $3,398,000 4 3.2 4639 DETACHD
460 SW BERGIS RD $7,999,000 6 4.1 5114 DETACHD

PENDING SALES (Oct 28-Nov 4, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
82 GALEN ST $175,000 1 1 690 CONDO 36
4 TOUCHSTONE #130 $200,000 2 2 984 CONDO 25
3968 CARMAN DR $299,900 2 2.1 1107 CONDO 35
18 BRITTEN CT $425,000 3 2.1 1972 ATTACHD 19
17761 DEEMAR WAY $448,000 3 2 1610 DETACHD 179
15003 TWIN FIR RD $492,000 2 1 984 DETACHD 7
1716 ASPEN CT $515,000 3 2 1528 DETACHD 9
14498 CAMDEN LN $549,900 4 2.1 1918 DETACHD 91
16106 LAKE FOREST BLVD $549,900 3 1.2 3440 DETACHD 482
79 GREENRIDGE CT $595,000 3 2 1642 TOWNHSE 9
4981 HAMPTON CT $619,000 4 2.1 2440 DETACHD 60
14201 DOLPH CT $624,999 3 2 1916 DETACHD 91
34 MORNINGVIEW CIR $679,000 4 2.1 2942 DETACHD 36
18381 HEATHER ANN CT $696,000 4 2.1 2983 DETACHD 315
573 2ND ST / Upper $789,000 2 2.1 1748 CONDO 148
654 1ST ST $799,900 2 2.1 2140 CONDO 167
1451 GREENTREE CIR $875,000 4 3.1 2300 DETACHD 84
4105 PFEIFER CT $882,000 5 2.1 4176 DETACHD 425
2013 RIDGEWOOD RD $1,025,000 5 3.1 4116 DETACHD 231
994 COUNTRY CMNS $1,225,000 4 2.1 3968 DETACHD 180
15566 VILLAGE PARK CT $1,378,000 5 3.1 4855 DETACHD 386
15880 OSWEGO SHORE CT $1,499,000 4 3.1 4084 DETACHD 561

SOLD (Oct 28-Nov 4, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
4000 CARMAN DR #33 $274,900 $270,000 2 2 1103 CONDO 2
32 CONDOLEA DR / Main $359,900 $330,000 2 2 1420 CONDO 56
16494 INVERURIE RD $479,000 $450,000 3 1 1302 DETACHD 68
2305 GLEN HAVEN RD $501,300 $501,300 2 2 1580 DETACHD 0
336 LIVINGOOD LN $575,000 $505,000 4 2.1 2392 DETACHD 194
13242 VERMEER DR $549,000 $540,000 3 2.1 2100 DETACHD 7
16921 KARA LN $620,000 $607,000 3 2.1 2382 DETACHD 71
16 ABELARD ST $625,000 $610,000 5 3 3012 DETACHD 31
18833 INDIAN CREEK AVE $619,900 $619,900 4 2.1 2301 DETACHD 15
30 WESTRIDGE DR $659,900 $650,000 4 3 3290 DETACHD 27
1255 BAYBERRY RD $859,000 $765,000 3 2 1910 DETACHD 116
19333 RIVERWOOD LN $925,000 $869,500 4 3 3110 DETACHD 96
1715 EDGECLIFF TER $1,625,000 $1,550,000 4 4.1 4927 DETACHD 372
13132 Thoma RD $2,469,900 $2,180,000 5 4.1 5362 DETACHD 144
910 NORTHSHORE RD $4,195,000 $4,125,000 5 6.1 5203 DETACHD 0

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

Take the Pressure Off

Closeup of hands on clock face

Buying or selling a house is a pretty exciting time in your life. It means you are making a move to a new place, with new opportunities and, perhaps, a new lifestyle. It’s normal to be excited. For folks who are buying a house it is a time of excitement to start fresh in the beautiful new home. For folks who are selling, they are probably looking forward to a move and also to the financial rewards of having owned and cared for a home. Additionally for sellers, time literally is money. Each additional day in escrow is one more day of paying taxes, insurance, and interest. So closing early is very attractive.

The typical loan can be put together in 30-45 days. There are even lenders who promote that they can close a loan in 2 weeks. I have seen that happen on one occasion. It was a builder and my client-buyer used the builders loan program. We went from contract to keys in 2 weeks. That was a motivated builder!

As much as a quick close is appealing and can be done, it really adds pressure to the buying experience. To close in 30 days or less you pretty much need to order the appraisal at the time that agreement is reached in the contract, which is prior to getting your home inspection. Because appraisers are now done by third party companies, this means that the appraisal has to be paid for whether you buy the house or not. So if the home inspection does not go well, it is money lost.

It also creates pressure the week of closing. Federal guidelines require that buyers receive a disclosure statement from their lender outlining the exact closing costs. This must be received and signed not less than 3 days before actually signing the loan documents. Then remember that most lenders want at least 24 hours after you sign your loan documents to review the papers before releasing the funds to close.

This is all about my suggestion that you go for a time line of 40-45 days. It just simply takes the pressure off and makes the experience more enjoyable. I know, I know, you want to be in by Thanksgiving….I’ll do whatever it takes to make it happen!
Dianne