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.

Contact: Dianne | Linda

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Lake Oswego's Own 'La Provence'!

There are so many reasons to choose to live in Lake Oswego, not the least of which is the quality of amenities offered here in this little hamlet outside of Portland, Oregon.  A small-ish community can often lack the cultural and foodie resources found in a larger city, but here in Lake Oswego, we got lucky.  Lake Oswego has the Lake Theater & Cafe for movies & live music events, as well as the Lake Oswego Center for the Arts which is a 2-stage venue for plays & musicals. Right across the street from that is George Rogers Park which hosts various festivals and concerts all summer long, along with Foothills Park, Westlake Park, Movie Nights and Farmers Markets in Millennium Park Plaza… on & on. Then there are the myriad restaurants & shops found off of State Street as well as Boones Ferry Road (kind of the two “main drags” of Lake Oswego). Lake Oswego does not want for places to obtain delicious food & wine, fancy or practical clothing, gifts…well, you get the idea. There are abundant resources in Lake Oswego for a cozy bedroom community.

Diane and I have put a spotlight on a businesses here & there through the years, and there are so many, but today I just wanted to say a few words about La Provence, restaurant & bakery. I remember discovering it when I first moved to Lake Oswego around 1999, and I came to make it a staple for family dinners and client lunches. Its also the place I go for a special treat for my French husband who is also a chef and rather particular in his taste for treats!  Alain Machtelinckx, Didier Blanc Gonet, and Pascal Tisseur opened it in 1996 a few blocks away from its current location at 16350 Boones Ferry Road when they could not find the  kind of authentic, rustic artisan bread they grew up on, and decided to do something about it. They are dedicated to the food they serve and the ambience they provide. They really try to instill a real old-world feeling into La Provence by doing things themselves… including making the tables and draperies in-house! From macarons to fine cuisine, everything is a reflection of their initial desire to bring the food they so loved in France to Oregon.  Nowadays they have 8 restaurants around the Portland area, but Lake Oswego will always be “home”.   As I mentioned, La Provence moved to a newer and larger restaurant space in Lake Oswego a few years back that is a recommended destination for anyone who loves good food and pleasant environs.

When you have the chance you ought to stop in for a pastry, lunch or dinner!  Lake Oswego is so lucky to have this gem. Here is a link to their main website where you can click on Lake Oswego or explore the other locations:  La Provence

As well as a link to their Lake Oswego location’s menu: La Provence Menu

Bon Apetit!

Market Activity Jan 28-Feb 3, 2019

So much for the mild winter I wrote about 2 weeks ago. We had a dusting of snow on Monday and we have a wintry forecast for the next week or so. I love it. It just wouldn’t be a proper winter without a couple days with snow on the ground.

Last week the market activity was a bit weird. We had 19 properties come onto the market. That’s a good number and what I would expect to see as we build toward the spring. We only had 8 go into pending status. That strikes me as really low. We also had 11 become finalized sales. That seems normal as these would be the houses that sold over the holidays.

Following is the breakdown for you according to RMLS:

New on the Market (Jan 28-Feb 3, 2019)

Address Type Price BR Baths Sq Ft
108 Oswego Summit Condo $169,900 1 1 764
42 Cervantes Circle Condo $210,000 2 1.5 912
218 Ridgeway Rd Condo $284,000 2 1 914
18820 65th Detached $485,000 4 2.5 2268
3283 Duncan Dr Detached $575,000 4 3 2915
2099 Wembley Pl Detached $689,000 4 2.5 3544
18034 Westview Dr Detached $699,900 4 2.5 3544
3943 Tempest Dr Detached $749,900 4 2.5 3714
5015 Parkhill St Detached $775,000 3 3 2628
1604 Campus Way Detached $795,000 3 2.5 2607
17644 Tree Top Ln Detached $820,000 4 3.5 4240
4028 Orchard Dr Detached $825,000 4 2.5 3343
5364 Langford Ln Detached $869,999 3 2.5 3022
13915 Sundeleaf Dr Detached $1,085,000 4 3.5 4090
179 Iron Mountain Blvd Detached $1,175,000 5 4.5 5245
1525 Maple St Detached $1,200,000 4 3.5 3154
792 2nd St Detached $1,269,900 4 3 2786
748 1st St Detached $1,799,900 5 4 3854
17484 Bryant Rd Detached $1,269,900 4 3.5 3615

Pending Sales (Jan 28-Feb 3, 2019)

Address Type Price BR Baths Sq Ft CDOM
106 Oswego Summit Condo $235,000 2 2 1140 7
16790 Lake Forest Blvd Detached $334,999 2 1 780 128
16880 Cortez Ct Detached $455,000 3 2.5 2313 21
5228 Bonita Rd Detached $479,999 3 2 1310 166
6267 Wayzata Ct Detached $520,000 3 2 1504 3
5262 Rosewood St Detached $600,000 3 2 2275 100
5515 Langford Ln Detached $600,000 2 2 1830 2
905 Laurel St Detached $939,000 3 3.5 2906 5

Sold/Closed (Jan 28-Feb 3, 2019)

Address Type List Price Sold Price Sq Ft CDOM
3433 McNary Pkwy #305 Condo $220,000 $215,000 1208 58
46 Cervantes Circle Condo $225,000 $226,000 912 68
750 1st St A10 Condo $250,000 $250,000 1350 0
19220 Red Wing Ct Detached` $504,900 $499,000 1647 42
17330 Grandview Ct Detached` $865,000 $722,694 3857 257
13978 Westcott Ct Detached` $985,000 $905,000 3267 199
2060 Indian Trail Detached` $1,250,000 $1,150,000 2387 30
19155 Bryant Rd Detached` $1,299,900 $1,299,900 3371 6
3123 Douglas Circle Detached` $1,549,000 $1,520,000 3664 102
1657 Lake Front Rd Detached` $2,795,000 $2,275,000 3721 485
610 Cabana Ln Detached` $4,000,000 $4,000,000 4796 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.

...How Safe IS it in Lake Oswego?

Photo from Lake Oswego Review

Lots of people in Lake Oswego don’t lock their doors, or worry too much about locking their cars when, say, visiting a friend or shopping, or stopping for a latte (don’t tell anyone).  Its a little-known fact nowadays (since they changed the name of it to Police Log) that we named the Property Blotter 11 years ago after the Lake Oswego Review’s “Police Blotter”.  They’ve long published the unvarnished goings on as reported by the police. Now, there is some real stuff here & there, but by & large and it is hilarious to read for its lack of any real substance …Kids having a late night party while mom & dad were out on a date night, window washers reported for breaking into a house, regular folks reported for loitering while just waiting for their friend to show up for a meeting at their home,  dogs stealing chew toys…you get the picture. Its one of the reasons people move here.

Now its official. Lake Oswego was just named: Safest City in Oregon.

Here’s the scoop as just published in the Lake Oswego Review: CLICK HERE FOR STORY

Market Activity ~ Jan 21-27, 2019

Happy Sunny January from Lake Oswego!

Activity is slowly picking up and holding pretty steady with 188 homes for sale in Lake Oswego right now. Last week 14 New properties entered the market, 16 moved to Pending status, and 9 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 21-27, 2019)

Address List Price # Beds # Baths Total SF Prop Type
81 GALEN ST / Grnd $182,000 1 1 689 CONDO
200 BURNHAM RD #303 $230,000 2 1 1199 CONDO
106 OSWEGO SMT #106 $235,000 2 2 1140 CONDO
16200 PACIFIC HWY #22 $385,000 2 2 1190 CONDO
6238 SW DAWN ST $505,000 3 2 1414 DETACHD
17297 BRYANT RD $529,000 3 2 1428 DETACHD
5515 LANGFORD LN $600,000 2 2 1830 DETACHD
5474 BAY CREEK DR $649,900 4 2.1 2322 DETACHD
8 WALKING WOODS DR $669,900 4 3 3105 DETACHD
905 LAUREL ST $939,000 3 3.1 2906 DETACHD
8 SHERWOOD CT $1,100,000 5 3 4073 DETACHD
1300 GLENMORRIE DR $1,195,000 5 3.1 4340 DETACHD
1451 HORSESHOE CURV $1,198,000 3 2 2062 DETACHD
17522 BRYANT RD $1,324,900 4 4 3545 DETACHD

PENDING SALES (Jan 21-27, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
750 1ST ST #E31 $179,500 1 1 986 CONDO 332
4642 LOWER DR / Main $199,000 2 1.1 1260 CONDO 19
100 KERR PKWY #16 $205,000 2 2 823 CONDO 2
48 CRESTFIELD CT #48 $223,800 2 1 921 CONDO 17
4000 Carman DR #40 $259,000 2 2 906 CONDO 115
5751 WASHINGTON CT $439,100 5 2 2120 DETACHD 102
51 CONDOLEA CT $445,000 3 2.1 2198 CONDO 200
5695 BURMA RD $479,900 4 2.1 1934 DETACHD 4
3306 EDGEMONT RD $535,500 4 2 1733 DETACHD 128
14425 HOLLY SPRINGS RD $569,000 4 3 2238 CONDO 23
14293 AMBERWOOD CIR $679,000 4 3 2576 DETACHD 3
5326 WESTFIELD CT $765,000 4 3.1 3259 DETACHD 110
17890 KELOK RD $769,000 4 2.1 3095 DETACHD 6
1813 PALISADES LAKE CT $1,015,000 5 3.1 4119 DETACHD 130
19481 LORNA LN $1,330,000 5 3.1 4340 DETACHD 437
17211 BLUE HERON RD $1,385,000 3 2.1 2701 DETACHD 13

SOLD (Jan 21-27, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
6925 SW MONTAUK CIR /Grnd $215,000 $200,000 2 1 927 CONDO 114
3692 SPRING LN /Upper $265,000 $232,000 2 2 1117 CONDO 162
247 CERVANTES /Upper $320,000 $295,000 2 2 1384 CONDO 131
2051 WEMBLEY PARK RD $549,900 $475,000 2 2 1196 DETACHD 55
18440 SANDPIPER CIR $529,900 $510,000 3 2 1447 DETACHD 166
15580 PARTRIDGE DR $539,900 $530,000 4 2.1 2245 DETACHD 10
5536 BAY CREEK DR $619,000 $617,000 4 2.1 2380 DETACHD 7
1961 PARK FOREST AVE $699,900 $712,000 5 2 2092 DETACHD 5
2815 ORCHARD HILL PL $749,900 $770,000 4 3 2915 DETACHD 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.

Remarkable Rummer

There are two elements of being a Realtor that I really love: working with people and looking at houses. Neither ever gets old. It’s super dynamic and interesting.

I get to look at lots and lots of houses. When a house is “architecturally interesting” it perks me up and I literally feel the excitement and energy of the brilliance of design. The houses of Bob Rummer do this to me.

They’ve always been interesting. I truly have loved them from the first time that I laid eyes on one. Today they are experiencing a resurgence of popularity. They share common elements with the modern homes being built today. They feature an open floor plan and well thought out design. Remember these homes were being built in the 1960’s when the common ranch style floor plan was being widely built. The layout is a U shape with the open end of the U facing the street. Typically there is a wall with a front door facing the street. While they do have curb appeal, they are understated. When you go through the entry you find yourself in a central courtyard that is walled with windows, and often sliding doors, that take you into the various elements of the floor plan. One side of the U is the noisy area of the house: the kitchen, the laundry, the garage and utilities. The opposite side of the U is the quiet area: bedrooms and baths. In the middle is a huge open living room with walls of windows that look both out to the back yard and into the courtyard.

I recently read that Bob Rummer is still alive. He’s 91 years old and still owns Rummer Homes Inc. He estimates that he’s built about 1000 houses. Rummers are scattered all over the Portland Metro area, including here in Lake Oswego. Most of the houses are about 1800-2000 square feet. They were built for modern middle-class families and originally sold for about $35,000. Today they fetch far more than that. Several have sold recently. They sell within days. Everyone wants a Rummmer! Recent sales range from $564,000 to close to $800,000. There is currently a Rummer for sale here in Lake Oswego for $699,900.

If you’d like more information, please give Linda or myself a call. We’d love to be of help.
Dianne

Market Activity Jan 14-20, 2019

We are having such a mild winter! Out walking today I saw daffodils that are fully up and budded. I’d say that they’re about a month early.

As far as real estate in Lake Oswego, last week brought 13 new listings onto the market, 14 properties that went into pending status, and 8 sold/closed homes.

Following is the breakdown for you according to RMLS:

New on the Market (Jan 14-20, 2019)

Address Type Price BR Baths Sq Ft
5225 Jean Rd Condo $273,900 2 2 1098
5225 Jean Rd Condo $288,000 2 2 1400
48 Eagle Crest Dr 5B Condo $349,000 3 2 1550
4386 Thunder Vista Ln Condo $399,900 2 2.5 1980
5695 Burma Rd Detached $479,900 4 2.5 1934
19211 Indian Springs Rd Detached $579,000 4 3 2132
17 Westridge Dr Detached $725,000 4 3.5+.5 3533
17890 Kelok Rd Detached $769,000 4 2.5 3095
15136 Glen Eagles Ct Detached $799,999 5 3 3150
1813 Palisades Lake Ct Detached $1,015,000 5 3.5 4119
1628 Lake Front Rd Detached $1,080,000 4 3 2470
3826 Upper Dr Detached $1,200,000 4 2.5 3187
1122 Bayberry Rd Detached $1,498,000 5 3 3259

Pending Sales (Jan 14-20, 2019)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #6 Condo $159,900 1 1 617 223
46 Cervantes Circle Condo $225,000 2 1,5 912 68
750 1st St A10 Condo $250,000 2 2 1350 0
5850 Kenny St Detached $284,000 3 1 1172 31
5053 Foothills Dr B Condo $329,000 3 2 1252 97
6015 Fernbrook Circle Detached $379,000 3 1.5 1250 2
975 Lund St Detached $535,000 3 2 2300 106
127 Condolea Dr Condo $539,000 3 3 2273 4
5316 Lower Dr Detached $549,900 4 2.5 2016 190
4451 Bernard St Detached $550,000 3 2 1806 5
5262 Rosewood St Detached $600,000 3 2 2275 86
17330 Grandview Ct Detached $748,500 4 3.5 3857 257
19463 Lorna Ln Detached $935,000 4 3.5 4055 208
1810 Northshore Rd Detached $1,598,950 5 3 3529 234

Sold/Closed (Jan 14-20, 2019)

Address Type List Price Sold Price Sq Ft CDOM
6291 Harrington Ave Detached $425,000 $345,000 1472 119
1698 Aspen St Detached $509,000 $485,000 2668 132
13413 Vermeer Dr Detached $629,900 $524,000 2529 172
8 Hillshire Dr Detached $615,000 $580,000 2848 76
16479 Phantom Bluff Ct Detached $925,000 $765,000 2783 108
17606 Woodhurst Pl Detached $879,900 $782,500 4707 230
1035 Bayberry Rd Detached $1,399,900 $1,350,000 2746 17
616 Cabana Ln Detached $2,798,000 $2,600,000 3838 230

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 ~ Year-End Dec 2018

Hello 2019!!!  Every year we get to take a look at how the numbers shook out for the prior year by digging into the December report, 1st through the 31st. The winter/holiday months always bring some cooling, and we also get to look at full year-to-year comparisons at this juncture.

Here is your look at the most recent data for the entire Portland area (Dec) as well as YTD numbers and how Lake Oswego fits in to the picture just below.

According to the RMLS Market Action Report for Portland Metro Area, December 2018:

– There were 1,255 New Listings in December 2018 which was down 21.4% from December of 2017’s 1,617, and also down 45.7% from the previous month/Nov of 2018’s total of 2,310.

  • ***New Listings for the entire year were: 41,287, an increase of 1.2% over 2017.

– At 1,846, December Closed Sales cooled  21.4% from December 2017’s 2,350, and also 13.9 % from the previous month/Nov 2018’s total of 2,144.  ***This is the coolest December for Closed Sales since 2013 when the total was 1,821.

  • ***Closed Sales for the entire year were: 29,771, a decrease of 5.9% from 2017.

-December’s Pending Sales (accepted offers), at 1,599 are down 9.0% down from December of 2017’s 1,757, and 16.0% from the previous month/Nov 2018’s total of  1,904.

  • ***Pending Sales for the entire year were: 29,809, a decrease of 4.9% from 2017.

-The Average Sale Price in December of $438,600 was up $16,900 from last year/December 2017’s $421,700, and down from the previous month/Nov 2018’s  $448,900 by $10,300.   

  • ***YTD Average Sale Price for the entire year was: $452,400 up 5.5% from $428,700 in Dec 2017.

-I am including Median Sale Price in 2019. So, for reference, when we do this again next year, the Median Sale Price (price smack dab in the middle) in December 2018 was: $390,000. Up from $380,000 in Dec 2017.

  • ***YTD Median Sale Price for the entire year was: $400,000, up 5.3% from 2017’s $379,900.

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

  • North Portland:  $388,700              4.3%   (Nov 412,500/Dec ’17: 400,500, 5.9%)
    • YTD Median: $400,000
  • NE Portland:  $450,600                  4.0%   (Nov 453,100/Dec ’17: 430,000, 8.1%)
    • YTD Median: $415,000
  • SE Portland:  $425,900                   5.9%   (Nov 425,200/Dec ’17: 382,200, 8.7%)
    • YTD Median: $375,000
  • Gresham/Troutdale: $338,500      7.7%   (Nov 361,600/Dec ’17: 329,600,10.4%)
    • YTD Median: $340,000
  • Milwaukie/Clackamas: $427,500   4.6%   (Nov 443,400/Dec ’17: 411,500, 9.1%)
    • YTD Median: $400,000
  • Oregon City/Canby:   $428,600     7.1%   (Nov 427,200/Dec ’17: 402,100, 7.2%)
    • YTD Median: $392,500
  • Lake Oswego/West Linn:$636,300 .6%   (Nov 728,500/Dec ’17: 662,700, 9.5%)
    • YTD Median: $580,000
  • West Portland:    $588,800             3.8%  (Nov 601,000/Dec ’17: 612,700, 3.2%)
    • YTD Median: $519,000
  • NW Wash County:  $483,400          2.5%   (Nov 511,700/Dec ’17: 534,400, 7.7%)
    • YTD Median: $520,000
  • Beaverton/Aloha:     $381,600        8.6%  (Nov 397,200/Dec ’17: 363,200, 9.2%)
    • YTD Median: $375,000
  • Tigard/Wilsonville:   $459,600       6.3%   (Nov 482,000/Dec ’17: 435,700, 7.7%)
    • YTD Median: $430,000
  • Hillsboro/Forest Grove: $382,100  5.9% (Nov 381,300/Dec ’17: 366,800, 11.0%)

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of December 2018 reported:

    •  296 Active Listings   (Nov 390 / Dec ’17: 288)
    •  115 New Listings     (Nov 115 / Dec ’17: 80)
    •   91 Pending Sales  (Nov  91 / Dec ’17: 92)
    •   75 Closed Sales      (Nov  75 / Dec ’17: 98)
    • Average Sale Price for November: $636,300  (Nov 728,500 / Dec ’17: 662,700)
      • 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.
      • FYI, YTD Median: $580,000
    •  76 Average Days on the Market   (Oct 61 / Dec ’17: 73)

 

Market Activity ~ Jan 7-13, 2019

Greetings Property Blotter Readers!

Happy 2019!  OK, Dianne and I are getting back to “normal” now, and this is the first one-week report of the year for Lake Oswego. You can see below that we’re starting up steady with new properties beginning to hit the market and go Pending, and lots of properties Closing that were Pending during 2018. I removed 11 properties showing as “New” that had actually been “refreshed”, so these numbers below are real.  ***I’ll also have the much anticipated 2018 “Year-End” numbers in the News & Notes report for you this week.

There are 189 homes for sale in Lake Oswego right now. Last week 9 New properties entered the market, 8 moved to Pending status, and 18 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 7-13, 2019)

Address List Price # Beds # Baths Total SF Prop Type
48 CRESTFIELD CT #48 $223,800 2 1 921 CONDO
4000 Carman DR #40 $269,000 2 2 906 CONDO
16880 CORTEZ CT $455,000 3 2.1 2313 DETACHD
5222 CARMAN DR $599,999 3 2 2543 DETACHD
2801 LAKEVIEW BLVD $799,900 3 3.2 3144 DETACHD
2925 ORCHARD HILL PL $825,000 3 2.1 2767 DETACHD
780 BRIERCLIFF LN $1,168,000 5 3.1 3061 DETACHD
17211 BLUE HERON RD $1,385,000 3 2.1 2701 DETACHD
15566 VILLAGE PARK CT $1,475,000 4 3.1 4855 DETACHD

PENDING SALES (Jan 7-13, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
13 OSWEGO SMT / Lower $129,900 1 1 764 CONDO 441
44 EAGLE CREST DR / Upper $195,000 2 1 908 CONDO 88
233 CERVANTES / Ground $199,900 2 1.1 1216 CONDO 49
3692 SPRING LN / Upper $249,000 2 2 1117 CONDO 162
553 6TH ST $499,950 1 1 1390 DETACHD 158
3857 BASS LN $639,000 3 2.1 2608 DETACHD 55
17342 RIDGEVIEW CT $1,360,000 4 3.1 4238 DETACHD 162
4694 UPPER DR $1,450,000 3 3 3637 DETACHD 249

SOLD (Jan 7-13, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
149 OSWEGO SMT / Upper $213,000 $196,000 2 2 1212 CONDO 192
204 RIDGEWAY RD #204 $239,000 $239,000 1 1 778 CONDO 12
1172 BOCA RATAN DR $375,000 $365,000 3 2 1611 ATTACHD 2
12886 BOONES FERRY RD $379,900 $375,000 2 2.1 1182 CONDO 13
17700 BRYANT RD $385,000 $385,000 3 1.1 1572 DETACHD 0
17510 Hill WAY $399,900 $400,000 2 1 2032 DETACHD 5
4298 WOODSIDE CIR $439,000 $427,000 3 3 2600 ATTACHD 306
18 GROUSE TER $540,000 $535,000 4 2.1 2631 DETACHD 93
5651 WINDFIELD LOOP $569,500 $537,000 2 2 1622 DETACHD 16
6414 FROST ST $597,900 $560,375 3 2.1 2205 DETACHD 54
5272 TREE ST $599,000 $584,000 3 3 1948 DETACHD 52
17079 CHERRY CREST AVE $679,000 $660,000 3 2.1 3002 DETACHD 23
15085 GLEN EAGLES PL $675,000 $675,000 4 3 2956 DETACHD 4
5668 VICTORIA CT $729,000 $710,000 4 2.1 3024 DETACHD 73
16987 ALDER CIR $899,000 $865,000 2 2.1 1991 DETACHD 407
455 9TH ST $949,000 $949,000 3 2.1 2143 DETACHD 0
4450 UPPER DR $1,100,000 $1,100,000 3 1 2580 DETACHD 12
612 CABANA LN $2,350,000 $2,150,000 4 4 3862 DETACHD 16

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.

Preparing Your Home for a Home Inspection

Our local real estate market will begin to pick up steam now that the Christmas/Winter holidays are officially behind us. Honestly, with the warm winter we have been having, I won’t be surprised if we get daffodils in February. All of this has me thinking about the people who are reading this blog and planning to sell their home in the coming spring or summer.

There is so much to do to get your house ready! Clean, discard, paint, replace, where to begin? My advice, take it a day at a time and with proper planning you will be ready. As you do this, please take time to also prepare for the inevitable home inspection. Here is a check list to get the basics of a successful home inspection covered:

1. Make sure that no plants or trees are actually touching your house. The rule of thumb is 6 inches. Nothing growing in your yard should be closer than 6 inches to any part of your house.

2. Clean the gutters. This is particularly important is the rainiest part of an Oregon year is still ahead of us. Clogged gutters will lead to water in a crawl space, which is a huge red flag for a home inspector. When water is found in a crawlspace it really freaks people out. The imagination can lead to visions of trenches and sump pumps and $$$. Keep your life less dramatic and clean your gutters.

3. Replace or clean dirty furnace filters. Not only will this help the inspection to go well, but it will extend the life of your furnace and allow you to enjoy better air quality.

4. Repair leaky faucets. You know they are annoying you. Just do it, they annoy home inspectors as well.

5. Replace missing electrical covers on switches, outlets, and junction boxes.

6. Replace any smoke alarms that were installed prior to 2002 with alarms that meet today’s requirements. Along with smoke alarms, be sure to install carbon monoxide alarms if you have a fireplace or gas appliance in the house.

7. Replace burnt out light bulbs.

8. Pull soil 6” away from the siding, basement windows, foundation vents and decks.

9. Install 6 mil. black vapor barrier over exposed soil in the crawlspace.

10. Install earthquake straps on your water heater.

None of these items are very expensive. You may even be able to do a good many of them yourself. In addition, if your prospective buyer is getting a mortgage, and most of them will be, items 6, 9, and 10 will be a requirement for financing.

I hope you find this helpful. I also know that a good first step in the house selling process is getting a professional price opinion. Both Linda and I are happy to do this for you, at no charge. Please give us a call!
Dianne

Market Activity Dec 17, 2018-Jan 6, 2019

This market activity report covers about 3 weeks of activity and serves as a really interesting snap shot of what happens to the real estate market over the holidays. During this period Lake Oswego had 10 new listings, 26 properties go into pending status, and 45 closed sales. I think that Linda and I both have said on numerous occasions that the real estate market keeps chugging along, even at Christmas. This market activity report does a nice job of bearing that out. 25 houses sold! Even more impressive, 45 sales closed! That’s a lot of houses. The weak spot is the number of new listings. It makes sense. If you want to sell your house, it’s simply more convenient to wait until the hub-bub of the holidays is over. But it also illustrates that perhaps this is exactly the perfect time to put your house on the market. The buyers are out there. They are looking at houses and making offers. With the inventory down, and the demand remaining, this is an excellent time to list your house for sale.

Following is the breakdown for you according to RMLS:

New on the Market (Dec 17, 2018-Jan 6, 2019)

Address Type Price BR Baths Sq Ft
47 Eagle Crest Dr #37 Condo $134,900 1 1 672
4642 Lower Dr Condo $199,000 2 1.5 1260
16 Crestfield Ct Condo $199,900 1 1 552
66 Cervantes Circle Condo $225,000 2 1.5 912
200 Burnham Rd #103 Condo $233,000 1 1 800
5850 Kenny St Detached $309,000 3 1 1172
17156 Rebecca Ln Detached $545,000 4 2.5 2026
14425 Holly Springs Rd Detached $569,000 4 3 2238
18381 Heather Ann Ct Detached $880,000 4 2.5 2983
841 Northshore Rd Detached $1,549,000 3 3 2388

Pending Sales (Dec 17, 2018-Jan 6, 2019)

Address Type Price BR Baths Sq Ft CDOM
237 Cervantes Condo $195,000 2 1.5 1216 185
149 Oswego Summit Condo $199,900 2 2 1212 192
3433 McNary Pkwy #305 Condo $220,000 2 2.5 1208 58
199 Oswego Summit Condo $264,900 2 2 1506 93
247 Cervantes Condo $299,999 2 2 1384 131
16811 Lakeridge Dr Detached $358,000 4 2 1870 69
17510 Hill Way Detached $400,000 2 1 2032 5
16224 Lake Forest Blvd Detached $429,900 3 1.5 1300 10
17043 Crestview Dr Detached $499,000 4 2.5 2303 78
4546 Dogwood Dr Detached $500,000 2 1 1010 20
19220 Red Wing Ct Detached $504,900 3 2 1647 42
18440 Sandpiper Circle Detached $509,900 3 2 1447 166
13413 Vermeer Dr Detached $539,900 4 3.5 2529 172
5651 Windfield Loop Detached $569,500 2 2 1622 16
8 Hillshire Dr Detached $595,000 4 2.5 2848 76
15085 Glen Eagles Pl Detached $675,000 4 3 2956 4
12 Da Vinci St Detached $729,000 4 3 2959 158
17390 Grandview Ct Detached $875,000 4 4.5+.5 4502 292
16987 Alder Circle Detached $879,000 2 2.5 1991 407
17494 Lake Haven Dr Detached $1,100,000 2 2 2121 195
19376 Riverwood Ln Detached $1,299,900 3 2.5 3109 260
19155 Bryant Rd Detached $1,299,900 3 3.5 3371 6
1034 Bayberry Rd Detached $1,399,900 3 2.5 2746 17
3123 Douglas Circle Detached $1,549,000 5 3.5 3664 102
612 Cabana Ln Detached $2,350,000 4 4 3862 16
1657 Lake Front Rd Detached $2,395,000 4 3.5 3721 485

Sold/Closed (Dec 17, 2018-Jan 6, 2019)

Address Type List Price Sold Price Sq Ft CDOM
86 Kingsgate Rd G202 Condo $179,500 $140,000 849 91
44 Eagle Crest Dr #2 Condo $175,000 $178,500 798 10
45 Eagle Crest Dr #413 Condo $204,900 $186,000 1056 95
86 Kingsgate Rd A104 Condo $218,000 $190,000 849 54
45 Eagle Crest Dr #305 Condo $199,900 $190,000 1364 40
4 Touchstone #131 Condo $199,900 $191,000 1351 29
15938 Quarry Rd B-4 Condo $219,500 $212,000 991 120
6880 Montauk Circle Condo $220,000 $214,000 924 65
15210 Boones Way Condo $249,900 $249,900 1124 6
4043 Jefferson Pkwy Condo $289,900 $252,000 1182 85
15230 Boones Way 1D Condo $295,000 $256,000 1185 111
112 Touchstone Terr Townhouse $399,000 $280,000 1952 37
5835 Carman Dr Detached $424,900 $390,000 1650 215
6472 Dawn St Detached $399,950 $405,000 1032 99
18133 Tualata Ave Detached $434,950 $430,000 1440 34
16880 Cortez Ct Detached $489,900 $430,800 2313 216
9 Bloch Terr Townhouse $424,900 $432,400 1946 7
1425 Cedar St Detached $489,900 $477,000 1669 52
17869 Lake Haven Dr Detached $475,000 $500,000 2150 5
17411 Tree Top Ln Detached $649,000 $500,000 2150 5
2182 Glenmorrie Dr Detached $485,000 $501,000 1580 8
73 Condolea Way Condo $512,000 $512,000 213 0
4596 Lamont Way Detached $535,000 $513,500 2236 12
1878 Southshore Blvd Detached $595,000 $533,000 2594 180
17802 Hillside Way Detached $585,000 $539,900 3026 177
137 Kingsgate Rd Detached $549,000 $540,000 2372 16
1508 Pine St Detached $579,900 $545,000 2300 134
4141 Chapman Way Detached $565,000 $585,000 2138 4
767 10th St Detached $799,900 $625,000 2820 99
17965 Lake Haven Dr Detached $749,000 $628,400 2764 173
18420 Deer Oak Ave Detached $675,000 $649,000 2327 59
5687 La Mesa Ct Detached $649,900 $649,900 2518 21
2981 Vale Ct Detached $748,900 $706,500 3516 85
808 Ellis Ave Detached $725,000 $722,500 2200 8
2972 Vale Ct Detached $750,000 $725,000 3120 122
13459 Provincial Hill Way Detached $819,900 $800,000 2896 63
161 Furnace St Condo $929,000 $890,000 2134 82
1149 Cherry Ln Detached $937,500 $937,500 3187 29
53 Eagle Crest Dr Detached $1,000,000 $973,200 4918 216
16193 Matthew Ct Detached $995,000 $974,000 4019 41
4743 Upper Dr Detached $1,165,000 $1,079,000 3079 338
13575 Meadowcreek Ln Detached $1,239,000 $1,159,500 3370 174
1175 Westward Ho Rd Detached $1,529,000 $1,402,000 3547 135
1099 Terrace Dr Detached $2,150,000 $1,445,000 4965 725
1075 Chandler Rd Detached $2,207,500 $2,100,000 5710 140

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.