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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Let's Talk Landscaping

When getting your house ready to sell, and, honestly, when maintaining your home, landscaping is just really important. Let’s start by focusing on maintenance.

Putting in a nice yard can be expensive, so you want to take care of it over time. This means watering as needed, trimming and pruning to keep it from getting over grown, and weeding to keep it from being pushed out by invasive species. This applies to homes, but it also applies to townhouses and condos. When you live within a Home Owner’s Association, the association needs to be doing the needed care and maintenance of the landscaping. If it is let go, it becomes a liability when it is time to sell the property.

Yes, this is important because it keeps the property from looking derelict, but it is also important for the purpose of keeping the structure healthy. When trees or shrubs grow up against the structure it becomes an avenue for water intrusion and pests. The rule of thumb is that plants and trees should be cut back to at least 6 inches from the building. Truly invasive species, like English ivy, can even tear a building apart. The roots of the ivy dig into the siding and mortar and literally tear it apart. So take care of your investment by taking appropriate care of the landscaping.

Construction of a cantilevered glass extension to a period property by Stephen Marshall Architects

I personally have a rather large yard of very well established landscaping. I do what I call “walk about” gardening. In early spring, when the yard is really starting to grow, I make a habit of walking around in it a couple of times a week. I take a bucket, a small trowel, and some good garden clippers, and I spend about 20 minutes pulling weeds and clipping at over growth. I do this until about the middle of June. It’s amazing. I get a lot accomplished without feeling like I’m spending too much time at it. This is because I don’t leave it to be done all at once. If I get a handle on it in the spring, the rest of the year is pretty easy. I simply don’t let the weeds get established. This combined with mowing and the occasional “project”, keeps my yard in pretty good shape.

When it comes time to sell your home, the well-cared for yard becomes an asset. Here are some specifics that I think sell your home:
1. Water the lawn. Keep it nice and green. You will have to mow more, but a brown lawn is simply unattractive.
2. Clip back bushes and trees so that the house can be seen. Make sure shrubs aren’t blocking the view of windows. Bushes should be kept below the bottom height of the windows.
3. Really focus on what’s around the front door. As Realtors are opening the lock box, potential buyers are standing on the porch looking around. They need to like what they see. This means that in addition to putting a new coat of paint on the door and cleaning the weather stripping, you should plant some flowers in a few pots and put out some annuals in the garden beds near the door.

My last advice for maximizing your yard when you are going to sell your home is don’t over landscape. I have many times had buyers decide against a house because they lack confidence about their ability to maintain the yard. They know that they don’t want to commit to something that looks like it will take too much of their time, or they have no idea how to do it. It screams “too much work”. So do have a beautiful yard, but don’t turn it into something over whelming.

I hope you have found this information helpful. As always, thanks for reading.
Dianne

Market Activity Oct 7-13, 2019

This last week Linda wrote a great editorial about why the fall is a good time to buy or sell. The market activity for last week also really supports her observation. Folks are very active in the market right now as they try to buy a house and have time to move in before the holidays. Lake Oswego had 9 new listings and 18 pending sales. That twice the number of houses that are selling as compared to what’s coming on the market. We also had 4 new listings.

Following is the breakdown for you according to RMLS:

New on the Market (Oct 7-13, 2019)

Address Type Price BR Baths Sq Ft
4 Touchstone #130 Condo $213,900 2 2 984
56 Galen St Condo $239,950 2 2 989
45 Eagle Crest Dr #310 Condo $279,950 3 2 1348
6 The Grotto Detached $425,000 3 2 1381
17518 Redfern Ave Detached $499,000 3 2 1831
4933 Mulholland Dr Attached $618,000 2 2.5 2403
2475 Marylview Ct Detached $849,000 4 2.5 3009
630 9th St Detached $900,000 4 3 2683
289 G Ave Detached $1,699,000 6 3.5 4193

Pending Sales (Oct 7-13, 2019)

Address Type Price BR Baths Sq Ft CDOM
25 Oswego Summit Condo $180,000 1 1 721 53
319 Cervantes Condo $229,900 3 2 1209 60
16065 Kimball St Detached $375,000 3 2 1511 1
16524 Roosevelt Ave Detached $399,990 3 1 1131 84
5071 West Sunset Dr Townhhouse $519,000 2 2.5 1734 148
5178 Lower Dr Detached $525,000 3 2 1800 36
13662 Blazer Trail Detached $532,000 3 2 1896 20
5944 Burma Rd Detached $549,000 3 2 1409 6
1550 Bedford Ct Detached $599,999 3 2.5 2359 404
13 Da Vinci St Detached $725,000 5 3.5 3815 16
2651 Wembley Park Rd Detached $725,000 5 3 2068 170
116 Northshore Rd Detached $729,000 4 2 2218 285
5206 Royal Oaks Dr Detached $735,000 5 3.5 2985 126
19333 Riverwood Ln Detached $869,500 4 3 3110 96
17896 Kelok Rd Detached $874,500 6 6 4093 44
15982 Parker Rd Detached $1,050,000 4 3.5 3135 88
1178 Andrews Rd Detached $1,498,000 4 2.5 3771 8
1010 Northshore Rd Detached $3,198,000 3 3.5 4581 379

Sold/Closed (Oct 7-13, 2019)

Address Type List Price Sold Price Sq Ft CDOM
668 McVey Ave #10 Condo $329,950 $300,000 992 174
4722 Amherst Ct Attached $549,000 $515,000 2,976 138
5 Scarborough Dr Detached $849,000 $792,500 3221 26
18970 Bryant Rd Detached $960,000 $960,000 3172 2

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.

Selling and Buying in the Fall

Fall is a time that makes us feel like being home. We watch the leaves change, take strolls in the cooling weather, maybe turn our furnaces on for the first time in awhile, or enjoy a fire in the evening if we have a fireplace.

For all these reasons Fall can be a wonderful time to sell a home. When Buyers are looking, it is always an emotional “Home-feeling” reaction that causes them to make an offer on any particular property. As a Seller, you can maximize this with warmth and homey-touches.

A few things to do if you’re selling in the Fall:
– Rake your leaves & detail your yard
– Clean your gutters
– Freshen the interior and add seasonal touches to the decor
– Service your furnace
– Attend to any moss on the roof (do NOT power-wash as this can damage the shingles. A brush works wonders.)
– Touch-up paint
– Clean the deck (decks can be slippery in the Fall)

Fall is also a fabulous time to be a Buyer. There is plenty of inventory, and right now in particular, though it is not an exclusively Seller’s- or Buyer’s- Market per se, there has been a leveling of prices that’s occurred this year, and the current environment is very friendly to both sides in a transaction as it allows all parties to get more of a feeling of getting what they want in the end. On the Buyer-side, Sellers tend to be more willing to work with Buyers and often are interested in Closing before the end of the year or more importantly, the Holidays! That gives you the opportunity to offer things they want in the way of terms, so its not **all** about price for Sellers at this time of year. I bought my own Lake Oswego home and moved in in time for Thanksgiving! That was a holiday season I will never forget.

As always, please feel free to call on Dianne or myself to help you if you want to get into a home or sell one before the Holidays!

Very Best,
Linda

Market Activity ~ Sept 30-Oct 6, 2019

Real Estate in Lake Oswego is always attractive. Moving into Fall in earnest, there are a total of 262 homes for sale right now. Last week 14 New properties entered the market, 14 moved to Pending status, and 20 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Sept 30-Oct 6, 2019)

Address List Price # Beds # Baths Total SF Prop Type
4 TOUCHSTONE #94 $170,000 3 2.1 1351 CONDO
65 GALEN ST / Main $184,000 1 1 689 CONDO
107 OSWEGO SMT #107 $229,900 2 1.1 1116 CONDO
4634 LOWER DR / Ground $240,000 2 1.1 1260 CONDO
34 WHEATHERSTONE $399,000 3 2.1 1692 CONDO
28 GREENRIDGE CT $399,900 3 2 1900 TOWNHSE
4688 OAKRIDGE RD $494,000 3 2 1788 DETACHD
5944 BURMA RD $549,000 3 2 1409 DETACHD
4006 CANAL WOODS CT $799,000 4 3.1 3514 DETACHD
5685 CHARLES CIR $929,900 4 2.1 2542 DETACHD
4120 CANAL RD $1,100,000 4 3.1 4104 DETACHD
2201 HILLSIDE DR $1,349,900 5 3.1 4195 DETACHD
1178 ANDREWS RD $1,498,000 4 2.1 3771 DETACHD
1100 BAYBERRY RD $1,625,000 3 3 3507 DETACHD

PENDING SALES (Sept 30-Oct 6, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
3944 CARMAN DR / Main $312,000 2 2.1 1101 CONDO 106
1796 BONNIEBRAE DR $407,000 3 2.1 1738 TOWNHSE 21
48 ORIOLE LN $459,500 3 2 2072 TOWNHSE 147
17144 REBECCA LN $539,900 4 2.1 2018 DETACHD 3
17573 BLUE HERON CT $610,000 4 3 2464 DETACHD 87
16921 KARA LN $610,000 3 2.1 2382 DETACHD 71
440 9TH ST $648,000 3 2 2475 DETACHD 70
71 NANSEN SMT $689,000 4 2.1 3523 DETACHD 63
17701 WESTVIEW DR $750,000 3 3 2115 DETACHD 3
15870 TWIN FIR RD $875,000 3 2.1 2856 DETACHD 71
2937 RIVENDELL RD $1,095,000 3 3.1 4965 DETACHD 166
1699 VILLAGE PARK LN $1,129,000 3 2.2 3342 DETACHD 21
553 6TH ST $1,425,000 4 3.1 3539 DETACHD 0
4011 WESTBAY RD $1,795,000 4 3 4518 DETACHD 196

SOLD (Sept 30-Oct 6, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD, H201 $219,000 $212,000 2 2 840 CONDO 5
750 1ST ST, A7 $296,000 $298,325 2 2 1350 CONDO 3
16200 PACIFIC HWY #9 $425,000 $440,000 2 2 1190 CONDO 2
16722 LAKE FOREST BLVD $519,900 $492,000 4 2 1968 DETACHD 85
5292 FIRWOOD RD $499,000 $499,000 3 1 1170 DETACHD 10
18052 HOBBIT CT $759,000 $580,000 4 3.1 3289 DETACHD 126
14677 DORIS AVE $599,900 $595,000 5 3 2848 DETACHD 30
75 NANSEN SMT $745,000 $660,000 4 3.1 3214 DETACHD 47
3220 EDGEMONT RD $689,999 $681,000 4 3 2124 DETACHD 89
2133 RIDGEWOOD RD $779,900 $690,000 4 3 2059 DETACHD 61
870 LAKE FOREST DR $747,900 $747,900 3 2.1 1980 DETACHD 9
4180 CHAPMAN WAY $774,900 $768,000 4 2.1 2681 DETACHD 12
555 ATWATER RD $859,000 $854,000 5 3 4016 DETACHD 9
5005 DOGWOOD DR $987,000 $940,000 5 3.1 4143 DETACHD 52
3826 UPPER DR $1,149,000 $950,000 4 2.1 3187 DETACHD 231
4613 DOGWOOD DR $1,175,000 $1,020,000 5 3.1 4524 DETACHD 125
1125 NORTHSHORE RD $1,150,000 $1,075,000 3 2 1589 DETACHD 49
768 7TH ST $1,285,000 $1,265,000 3 3.1 2802 DETACHD 798
419 7TH ST $1,289,000 $1,279,000 4 2.1 2813 DETACHD 140
16772 ALDER CIR $2,950,000 $2,850,000 4 3.1 3184 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.

Featured Neighborhood: McVey-Southshore

Lake Oswego has 25 specific neighborhoods and today I am going to tell you about McVey-Southshore.

McVey-Southshore is not a very big area. It is bordered on the North by the Lake and Oswego Creek, on the East by Cornell Rd, on the South by Bergis Rd, and on the West by Oak Terrace and Park Academy. To my knowledge it is all single-family housing. I don’t believe that there are either apartments or condos.

It is super convenient to downtown Lake Oswego. You can easily walk to the Lake Theater and several very nice restaurants. It’s also walking distance to Wholefoods local market 365.

There are currently 18 active listings in the neighborhood. The least expensive is a single-level house with a 2 car garage. It was built in 1952 and has 3 bedrooms, 2 baths, and 1670 square feet for $549,900. The most expensive is a 1939 house that has been extensively updated. On the main lake, it has 7220 square feet with 5 bedrooms and 6.5 bathrooms. There’s an elevator, a swimming pool, a 3-car garage, and a full guest house with its own kitchen. the asking price is $4,895,000.

There is a small commercial district in the neighborhood with a Starbucks, a Thai Restaurant, and several boutiques.

While technically just outside of the boundaries, there is also a very nice park with a playground and room to roam, Freepons Park.

Lake Oswego has lots of options when you are shopping for a home. I think the word I would use to most describe McVey-Southshore is quiet. It’s a quiet area of nice homes and values that range from mid-range to super high-end.

Please let Linda or I know if you have any questions. As always, we are here to help.
Dianne

Market Activity Sept 23-29, 2019

Real estate sales continue to hold strong. Last week new listings were just 12 while pending sales were 18 and closed sales were 20. This is simply a really good time to sell a house with properties selling at a rate that is greater than the number of new listings coming onto the market.

It’s also a really good time to buy a house. Interest rates are down and there is lots of excellent inventory.

Following is the breakdown for you according to RMLS:

New on the Market (Sept 23-29, 2019)

Address Type Price BR Baths Sq Ft
82 Galen St Condo $175,000 1 1 690
3968 Carman Dr Condo $309,900 2 2.5 1107
4085 Jefferson Pkwy Condo $339,000 2 2.5 1302
12735 SW 22nd Ave Detached $478,990 3 2 1620
3351 Fri Ridge Rd Detached $515,000 3 2 1750
34 Morningview Circle Detached $679,000 4 2.5 2942
13 Da Vinci St Detached $725,000 5 3.5 3815
116 Northshore Rd Detached $729,000 4 2 2218
1110 Hallinan Circle Detached $749,900 4 3.5 3548
17618 Blue Heron Rd Detached $795,000 4 2 2402
135 Furnace St Condo $870,000 2 2.5 1927
2917 Westview Circle Detached $1,298,000 5 4.5 4316

Pending Sales (Sept 23-29, 2019)

Address Type Price BR Baths Sq Ft CDOM
4000 Carman Dr #33 Condo $274,900 2 2 1103 2
336 Livingood Ln Detached $515,000 4 2.5 2392 194
12 Northview Ct Attached $525,000 3 3 3266 143
4722 Amherst Ct Attached $549,000 3 2.5 2976 138
13242 Vermeer Dr Detached $549,000 3 2.5 2100 7
4366 Sunset Dr Detached $559,000 3 2.5 1680 31
14363 Camden Ln Detached $579,000 4 2.5 2438 4
16 Abelard St Detached $625,000 5 3 3012 31
18212 Indian Creek Dr Detached $659,000 4 2.5 2283 3
319 3rd St Attached $679,000 3 3.5 1937 68
364 Northshore Rd Detached $769,000 3 2 2220 10
1255 Bayberry Rd Detached $789,000 3 2 1910 116
13711 Melrose Pl Detached $859,000 4 4 3742 108
828 8th St Detached $1,089,000 3 3.5 2839 801
4687 Firwood Rd Detached $1,198,000 3 2.5 2803 172
4155 Canal Rd Detached $1,250,000 4 3.5 3805 14
14089 Edenberry Dr Detached $1,499,000 5 2.5 3398 47
13132 Thoma Rd Detached $2,249,900 5 4.5 5362 144

Sold/Closed (Sept 23-29, 2019)

Address Type List Price Sold Price Sq Ft CDOM
5787 Baleine St Detached $389,900 $385,000 960 22
23 Mountain Circle Detached $475,000 $436,000 1,363 141
44 Touchstone Detached $425,000 $439,500 2507 23
21 Mountain Circle Attached $469,000 $456,500 1820 18
9 Pericles Detached $449,000 $465,000 2197 1
4281 Chapman Way Detached $569,900 $525,000 2038 50
16860 Lakeridge Dr Detached $534,000 $529,000 1829 2
20 Northview Ct Attached $624,900 $575,000 2809 65
4938 Mulholland Dr Attached $629,900 $578,662 2558 86
13660 Shireva Detached $679,000 $619,080 2674 35
8 Yorick St Detached $745,000 $728,000 3488 25
5998 Frost Ln Detached $749,000 $730,000 2935 22
877 Cornell St Detached $715,000 $734,635 3041 3
141 Wilbur St Detached $769,000 $769,000 1980 0
5705 Southwood Dr Detached $879,000 $859,000 3360 7
15564 Village Dr Detached $1,098,000 $1,050,000 3260 4
18953 Pilkington Rd Detached $1,115,000 $1,147,900 3420 410
3540 Red Cedar Way Detached $1,295,000 $1,235,000 4023 72
3919 Southshore Blvd Detached $1,899,000 $1,425,000 3986 375
100 3rd St Detached $2,350,000 $2,350,000 3478 32

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 ~ Sept 30- Oct 5, 2019

Here are my picks for things happening this week!

Mon, Sept 30, 2019– 6:15-7:15PM –  Cabaret Jazz! (for Adults)~ All-level dance class explores jazz and choreo with a Broadway twist!  At CCP, 1060 Chandler Rd  Tickets and Registration: CLICK HERE

Tue, Oct 1 2019 –  7:00-8:30PM – First Tuesday Music – “A Tribute to Aznavour”, featuring Eric John Kaiser ~ Charles Aznavour’s career spanned the history of the chanson realiste. The songs he wrote, unvarnished tales of unrequited love, loneliness and anomie, found their expression in many French singers including the anguished voice of Edith Piaf.  Paris-born John Kaiser describes himself as “a singer-songwriter re-imagining Americana music through a French lens.” ~ Lake Oswego Public Library   Info:  CLICK HERE  

Wed, Oct 2, 2019 – 4:30-5:30PM – Run4Fun / Running Club for Girls (8-12 Yrs)  ~ Meet up at Luscher Farm every Wednesday for learning and great runs w/a Certified Fitness Running Specialist, Wendy Berton.~ Luscher Farm, 125 Rosemont Rd  –Info:  CLICK HERE     

Thu, Oct 3, 2019 9:30AM-12:00PM – Creative Hands ~ Join this group dedicated to producing handicraft items that are then donated to local non-profits. Adult Community Center, 505 G Avenue  –Info:   CLICK HERE

Fri, Oct 4, 2019 1:30-4:00PM Film Discussion Group ~ Meet every Friday to see a movie and discuss afterward! These movies may contain content suitable for adults only.  ~ Lake Theater & Cafe, 106 N State St – Info: CLICK HERE

Sat, Oct 5, 2019 – 8:30AM – 1:30PM ~ Lake Oswego Farmers Market This community staple continues only till October 12th, so don’t miss out on some of the best weeks of the year during harvest season. Live music also from 10:30-12:30!~ Millenium Plaza Park~    Info : CLICK HERE 

 

Market Activity ~ Sept 16-22, 2019

There are a total of 268 homes for sale in Lake Oswego right now. Last week 15 New properties entered the market, 19 moved to Pending status, and 15 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Sept 16-22, 2019)

Address List Price # Beds # Baths Total SF Prop Type
38 OSWEGO SMT / Lower $210,000 1 1 902 CONDO
86 KINGSGATE RD, i 201 $226,000 2 2 856 CONDO
5053 FOOTHILLS DR, D $325,000 2 2 1252 CONDO
4210 WOODSIDE CIR $379,999 3 2 1778 TOWNHSE
16417 LAKE FOREST BLVD $398,999 2 1 1066 DETACHD
13662 BLAZER TRL $532,000 3 2 1896 DETACHD
19232 PILKINGTON RD $624,900 3 2.1 1735 CONDO
2 CREEKSIDE TER $679,900 4 2.1 2906 DETACHD
4932 MULHOLLAND DR $680,000 3 2.1 2498 ATTACHD
19262 Pilkington RD $699,900 3 2.1 2194 CONDO
2395 PALISADES CREST DR $735,000 4 3 3397 DETACHD
507 ASH ST $799,000 5 3 4666 DETACHD
5331 W SUNSET DR $960,500 3 3.1 3606 DETACHD
16865 GREENBRIER RD $2,895,000 5 2 6404 DETACHD
16715 PHANTOM BLUFF CT $3,695,000 4 4.1 4585 DETACHD

PENDING SALES (Sept 16-22, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
668 MCVEY AVE #77 $214,900 1 1 496 CONDO 71
4000 CARMAN DR #D53 $219,000 1 1 836 CONDO 13
200 CERVANTES / Grnd $229,000 3 1.1 1138 CONDO 15
3834 BOTTICELLI ST $279,500 2 2 1055 CONDO 83
668 MCVEY AVE #10 $299,995 3 1.1 992 CONDO 174
5054 FOOTHILLS DR, H $327,000 3 2 1252 CONDO 20
4410 THUNDER VISTA LN $339,900 2 2.1 2040 CONDO 172
6216 WAYZATA CT $430,000 3 2 1261 DETACHD 86
206 GREENRIDGE DR $462,500 3 2 1392 ATTACHD 20
17761 DEEMAR WAY $469,900 3 2 1610 DETACHD 140
524 2ND ST $497,500 2 2.1 1547 CONDO 91
17608 SYDNI CT $549,500 4 2.1 2466 TOWNHSE 70
3600 RED CEDAR WAY $585,000 4 2 2058 DETACHD 27
18263 ANDUIN TER $719,000 4 3 3103 DETACHD 70
14100 EDENBERRY DR $775,000 3 2.1 2881 DETACHD 2
5005 DOGWOOD DR $950,000 5 3.1 4143 DETACHD 52
3270 FIR RIDGE RD $1,449,000 4 3.1 3872 DETACHD 14
720 SOUTHVIEW RD $2,195,000 4 3 3599 DETACHD 115
4 TOUCHSTONE #69 AUCTION 3 3 1351 CONDO 20

SOLD (Sept 16-22, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #91 $209,900 $210,000 2 2 993 CONDO 77
86 KINGSGATE RD #F204 $225,000 $227,000 2 2 849 CONDO 4
3896 BOTTICELLI ST / Grnd $293,900 $266,000 2 1.1 1132 CONDO 99
1621 WOODLAND TER $625,000 $590,000 4 2.1 2933 DETACHD 34
5587 BAY CREEK DR $639,000 $630,000 4 2.1 2507 DETACHD 11
1058 HEMLOCK ST $649,900 $638,000 4 3 2077 DETACHD 110
17321 CANYON DR $699,500 $695,000 5 3.1 4825 DETACHD 5
1286 LARCH ST $724,900 $719,000 4 2.1 2410 DETACHD 10
676 9TH ST $799,000 $775,000 2 1 1982 DETACHD 13
13485 STREAMSIDE DR $799,900 $800,000 4 3 3023 DETACHD 3
171 5TH ST $899,000 $814,500 4 2 2367 DETACHD 87
4027 CANAL WOODS CT $1,069,000 $1,050,000 4 3.1 4232 DETACHD 118
13131 KNAUS RD $1,697,000 $1,562,000 6 3.2 5353 DETACHD 6
13085 SW KNAUS RD $2,300,000 $2,015,000 4 2.1 3993 DETACHD 16
920 WESTPOINT RD $4,300,000 $4,155,000 4 4.1 6337 DETACHD 162

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.

Most and Least Expensive

There are currently 271 properties for sale in Lake Oswego. 217 of those are detached, single-family homes and 54 are condos or townhouses. I thought that this week I’d share the extremes in the market of most and least expensive.

The least expensive condo is a 1 bedroom, 1 bath unit that has 764 square feet. It was built in 1978 and has a carport. The asking price is $169,900 The most expensive condo is 2 bedrooms, 2.5 baths, located in First Addition. It was built in 2007, 1748 square feet, and has a 2-car garage. The asking price is $829,000.

The least expensive detached house is a single-level house that was built in 1953. It has 3 bedrooms, 1 bath, 1131 square feet and has a carport. The asking price is $399,900.

The most expensive house is located on one of the most beautiful lots on the main lake. It is just a stunning setting. It’s on my walking route that I have been walking for decades. The lot had an older home on it that I found gorgeous. When that house was torn down my heart sank. I asked around because I just couldn’t see why any one would have torn it down. What I learned was that the house was built up against some massive rocks and that the foundation leaked terribly. The engineering to preserve the house was beyond the cost of a new houses foundation, so it made financial sense to tear it down and start over. The house that is now on this lot was built in 1985. It has 5544 square feet with 4 bedrooms and 5.5 baths. Along with 250′ of main lake waterfront, the house has a swimming pool, hot tub, boat house and a guest house. It was originally listed in June for $8,500,000. The price has been dropped to $6,888,000.

I used to do this comparison kind of regularly as I liked to point out that Lake Oswego does have affordable housing. A condo for $169,900 and a house for $399,990 is right in there with other parts of the Portland metro area. I’ve always felt that buyers in this price range over look Lake Oswego because they just assume that there are only super expensive, luxury homes in LO. Yes, we do have lots of the luxury stuff, but we do have affordable as well. I like to get the word out.

As always, thanks for reading,
Dianne

Market Activity Sept 9-15, 2019

In the last week or so fall has fully arrived. Temperatures have dropped, the wind is blowing, and my yard is getting the good watering it really needs. I’m tanking up on peaches and corn while they can still be found, and the real estate market is chugging right along.

Last week in Lake Oswego we had 16 properties come onto the market, 23 go into pending status, and 16 sold/closed sales.

Following is the breakdown for you according to RMLS:

New on the Market (Sept 9-15, 2019)

Address Type Price BR Baths Sq Ft
3433 McNary Pkwy #301 Condo $229,000 2 2.5 1208
48 Cervantes Circle 3C Condo $299,000 2 1.5 1368
16250 Pacific Hwy #76 Condo $325,000 3 2 1745
1796 Bonniebrae Dr Townhouse $415,000 3 2.5 1738
668 McVey Ave #72 Condo $499,500 4 1.5 1184
2001 Country Club Rd Detached $549,000 3 2 2022
4045 Bass Ln Detached $610,000 4 2.5 2158
364 Northshore Rd Detached $769,000 3 2 2220
17821 Hillside Way Detached $848,000 4 3.5 3480
1699 Village Park Ln Detached $1,129,000 3 2.5+.5 3342
19990 Indian Trail Detached $1,150,000 4 3 3557
13561 Streamside Dr Detached $1,179,000 4 4.5 4240
4155 Canal Rd Detached $1,125,000 4 3.5 3805
14530 Uplands Dr Detached $1,499,900 5 3.5 4080
718 3rd St Detached $1,850,000 4 2 2859
1890 Twin Points Rd Detached $2,680,000 4 3.5 4274

Pending Sales (Sept 9-15, 2019)

Address Type Price BR Baths Sq Ft CDOM
8 Crestfield Ct Condo $172,900 1 1 689 64
15938 Quarry Rd 2B Condo $215,000 2 1 988 10
48 Eagle Crest Dr 3D Condo $283,000 2 2 1436 7
206 Greenridge Dr Attached $462,500 3 2 1392 10
524 2nd St Condo $497,500 2 2.5 1547 81
18391 Wood Thrush St Detached $499,900 3 2 1450 40
5222 Carman Dr Detached $565,000 3 2 2543 249
16972 Greentree Ave Detached $575,000 4 3 2692 7
18833 Indian Creek Ave Detached $619,900 4 2.5 2301 15
16 Da Vinci Detached $629,921 4 2.5 2460 59
17705 Tree Top Ln Detached $679,000 5 3 3428 113
2133 Ridgewood Rd Detached $729,000 4 3 2059 127
16705 Glenwood Ct Detached $750,000 5 3 4243 149
17613 Woodhurst Pl Detached $850,000 5 4 4622 31
17896 Kelok Rd Detached $874,500 6 6 4093 15
18970 Bryant Rd Detached $960,000 3 3 3172 2
3826 Upper Dr Detached $1,099,900 4 2.5 3187 231
17979 Kelok Rd Detached $1,239,000 2 2.5 2487 56
17912 Kelok Rd Detached $1,250,000 5 3 3218 6
2050 Childs Rd Detached $1,295,000 4 4.5 4814 115
13258 Amber Pl Detached $1,399,900 3 4.5 3436 485
2123 Glenmorrie Ln Detached $1,598,000 4 3.5 4331 42
4398 Lakeview Blvd Detached $2,100,000 4 3.5 3260 115

Sold/Closed (Sept 9-15, 2019)

Address Type List Price Sold Price Sq Ft CDOM
44 Eagle Crest Dr #23 Condo $177,900 $175,000 798 38
45 Eagle Crest Dr #409 Condo $200,000 $205,000 1,214 2
16250 Pacific Hwy #82 Condo $234,900 $229,900 841 32
3846 Boticelli St Condo $295,000 $275,000 1132 125
5 Bloch Terr Townhouse $364,900 $355,000 1972 54
5751 Washington Ct Detached $459,000 $439,500 2120 48
6472 Dawn St Detached $489,900 $485,000 1032 1
15275 Boones Way Attached $529,000 $520,000 1320 17
1 Cellini Ct Detached $550,000 $575,000 2200 3
14674 Rainbow Dr Detached $669,000 $625,000 3190 113
13202 Rogers Rd Detached $774,500 $760,000 3117 62
4353 Snowbrush Ct Detached $819,000 $819,000 3808 45
928 Lake Front Rd Detached $895,000 $887,500 2468 6
15167 Brook Ct Detached $935,000 $895,000 3880 66
17990 Ridge Lake Dr Detached $1,349,000 $1,260,000 3745 96
17410 Viewpoint Ln Detached $1,299,000 $1,310,000 4810 9

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.