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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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.

News & Notes ~ August 2019 Numbers

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

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

  • There were 3,757  New Listings in August 2019 which was down 10.8%  from August of 2018’s 4,214, and  5.3% from the previous month/July’s 3,966.
  • At 2,901 August 2019’s Closed Sales were down slightly at 2.2% lower than August 2018’s 2,967, and  again 1.5% lower than the previous month/July 2019’s total of 2,994 .
  • August 2019’s Pending Sales (accepted offers), at 2,929 were up  6.1% from August of 2018’s 2,760, but down at bit at 2.3% from the previous month/July 2019’s total of  2,998.
  • The Average Sale Price in August 2019 of $462,600 was about the same as last year/August 2018’s $462,400, and was down $3,400 from the previous month/July 2019’s $466,000.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in August 2019 of $417,500 was up from last year/August 2018’s $407,500 by $10,000, and up $5,900 from the previous month/July 2019’s $411,600 .   

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

  • North Portland:  $440,400            1.2%   (July $406,300)
    •                                                     YTD Median: $405,000
  • NE Portland:  $506,200                   1.8%   (July $499,200 )
    •                                                     YTD Median: $430,000
  • SE Portland:  $424,000                   1.7%   (July $424,200)
    •                                                     YTD Median: $375,000
  • Gresham/Troutdale:   $372,500     5.1%   (July $373,200)
    •                                                     YTD Median: $353,000
  • Milwaukie/Clackamas:  $449,000  3.4%   (July $452,500)
    •                                                     YTD Median: $418,000
  • Oregon City/Canby:   $435,800      4.0%   (July $446,600)
    •                                                     YTD Median: $415,000
  • Lake Oswego/West Linn:$685,500 -0.7%  (July $681,000)
    •                                                      YTD Median: $590,000
  • West Portland:    $578,000             -0.7%  (July $587,800)
    •                                                     YTD Median: $520,000
  • NW Wash County:  $535,100         -2.5%   (July $557,800)
    •                                                      YTD Median: $515,000
  • Beaverton/Aloha:     $406,800       5.7%   (July $411,100)
    •                                                     YTD Median: $390,000
  • Tigard/Wilsonville:   $465,200        2.2%   (July $492,600)
    •                                                      YTD Median: $440,000
  • Hillsboro/Forest Grove: $416,000  4.1%   (July $423,300)
    •                                                      YTD Median: $384,900

LAKE OSWEGO:

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

    •  452 Active Listings  (July 451)
    •  199 New Listings     (July 226)
    •  140 Pending Sales   (July 187)
    •  187 Closed Sales      (July 170)
    • Average Sale Price for August: $685,500  (July $681,000)
      • 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.
    •  76 Average Days on the Market   (July 62)

 

Market Activity ~ Sept 2-8, 2019

There’s a bit of a chill in the air (its just a tease…warm weather will be back!) and a total of 279 homes for sale in Lake Oswego right now. Last week 12 New properties entered the market, 20 moved to Pending status, and 13 were “Closed”/Sold.

We continue to see a really nice spectrum of price ranges, and of course this time of year is always the best time for a Buyer in this area. I’d be happy to explain to you the “why’s” of that anytime!

Following is the breakdown for you according to RMLS:

NEW on Mkt (Sept 2-8, 2019)

Address List Price # Beds # Baths Total SF Prop Type
4000 CARMAN DR, D53 $219,000 1 1 836 CONDO
200 CERVANTES / Grnd $229,000 3 1.1 1138 CONDO
4438 THUNDER VISTA LN #4438 $349,900 3 2.1 2040 CONDO
5178 LOWER DR $565,000 3 2 1800 DETACHD
975 SOUTHSHORE BLVD $639,900 3 2.1 2191 DETACHD
7 MOUNTAIN VIEW LN $799,500 5 2.1 3324 DETACHD
2025 WEMBLEY PARK RD $925,000 4 2.1 2700 DETACHD
16495 GLENWOOD CT $1,219,000 5 3.1 4533 DETACHD
17912 KELOK RD $1,250,000 5 3 3218 DETACHD
3250 FIR RIDGE RD $1,349,000 4 3.1 3541 DETACHD
15566 VILLAGE PARK CT $1,398,000 5 3.1 4855 DETACHD
3270 FIR RIDGE RD $1,449,000 4 3.1 3872 DETACHD

PENDING SALES (Sept 2-8, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #56 $189,000 3 1 1024 CONDO 53
3992 CARMAN DR $325,000 2 2.1 1107 CONDO 8
44 TOUCHSTONE $425,000 4 3 2507 DETACHD 23
16494 INVERURIE RD $449,000 3 1 1302 DETACHD 68
21 MOUNTAIN CIR $469,000 3 2 1820 ATTACHD 18
20 NORTHVIEW CT $599,000 3 3.1 2809 ATTACHD 65
4938 MULHOLLAND DR $599,900 3 2.1 2558 ATTACHD 86
18833 INDIAN CREEK AVE $619,900 4 2.1 2301 DETACHD 3
819 BOCA RATAN DR $713,000 4 3 2760 DETACHD 939
5998 FROST LN $749,000 4 2.1 2935 DETACHD 22
4180 CHAPMAN WAY $774,900 4 2.1 2681 DETACHD 12
1505 EASTVIEW CT $799,000 3 3.1 3367 DETACHD 102
5 SCARBOROUGH DR $815,000 4 2.1 3221 DETACHD 26
5705 SOUTHWOOD DR $879,000 4 2.1 3360 DETACHD 7
4613 DOGWOOD DR $1,040,000 5 3.1 4524 DETACHD 125
1525 MAPLE ST $1,050,000 4 3.1 3000 DETACHD 214
18049 SKYLAND CIR $1,080,000 3 3 3717 DETACHD 188
18989 PILKINGTON RD $1,189,950 4 3 3640 DETACHD 418
272 GREENWOOD RD $1,195,000 4 3.1 3218 DETACHD 153
919 WESTPOINT RD $3,899,000 4 4 4858 DETACHD 508

SOLD (Sept 2-8, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
5054 FOOTHILLS DR, E $299,999 $300,000 3 2 1252 CONDO 8
5054 FOOTHILLS DR, C $299,900 $310,000 3 2 1252 CONDO 2
15252 BOONES WAY $485,000 $430,000 3 2 1672 ATTACHD 283
12 CONDOLEA DR / Main $425,000 $430,000 2 2 1312 CONDO 16
15368 WALUGA DR $599,000 $475,000 3 2 1876 DETACHD 420
150 KINGSGATE RD $485,000 $490,000 3 2 1502 DETACHD 20
6419 SW DAWN ST $609,900 $578,000 4 2.1 2016 DETACHD 382
16950 LAKERIDGE DR $659,000 $636,300 4 2.1 2346 DETACHD 9
1816 PALISADES LAKE CT $860,000 $640,000 3 2.1 4598 DETACHD 161
2770 WEMBLEY PARK RD $815,000 $732,500 5 3 3378 DETACHD 112
893 10TH ST $1,295,000 $1,235,000 4 2.1 2719 DETACHD 116
16359 CHAPIN WAY $1,395,000 $1,265,000 4 3.1 4158 DETACHD 59
13366 BRIARWOOD LN $1,325,000 $1,325,000 5 3 3310 DETACHD 56

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.

Convenience

Today I want to talk about convenience. More specifically, the convenience of where Lake Oswego is located.

We are about 10 miles South of downtown Portland, on the West side of the Willamette River. Interstate 5 is along our West boundary. Hwy 217 ends where LO begins. Interstate 205 is about a mile South of our South boundary. What does this mean? Well, it means you can get anywhere in the Portland metro area pretty darn easily. I-5 is the main artery of the entire West coast of the United States. Besides getting you into downtown Portland fairly quickly, it also takes you to Seattle, San Francisco and Los Angeles. 217 takes you to the largest employers in the state. You know, Nike, Intel, those guys. And 205 takes you to the East side of the metro area, including the airport. It’s kinda ideal.

Then there is she convenience of shopping. I’ve made this point before, so I’ll keep it brief. You need to buy something? It’s just minutes away. I’m talking more grocery stores than are really needed (is that possible?), Trader Joe’s, Costco, Home Depot, Bridgeport Village and Washington Square, it’s all super easy and quick to get to.

But what I really want to talk about are the parks. I’m a walker. I love to walk in nature parks. I first started doing this because I was putting in a lot of miles to train for a goal I had set for myself. I was looking for dirt paths that would be easy on my joints. Two parks I am completely in love with are Tryon Creek State Park and the Tualatin River National Wildlife Refuge. Tryon Creek has 8 miles of hiking trails, 3.5 miles of horse trails, 3 miles of biking trails, and a handicapped accessible trail. It meanders around a small stream that is in a revine, so the trails are very up and down (a great workout!) and through a lush forest. The Tualatin River National Wildlife Refuge is through a wetlands that is set aside for the migration of birds. The walk is flat but so majestic. What I love about this place, besides viewing the wildlife (which I see every time I go), is that it is set aside for the exclusive use of people on foot, walking. There are no bikes, no dogs, not even joggers. It’s extremely quiet and serene. Such a refuge to the soul in a world that is so busy and loud. I like to go early in the morning because the birds are just getting going. By mid afternoon they tend to be less evident. Heron, geese, ducks, red-wing blackbirds, nutria, on one occasion, an otter. It’s super enjoyable to see what can be seen, and it’s just a few miles from LO.

It’s all about quality of life!
Dianne

Market Activity Aug 26-Sept 1, 2019

Real estate in Lake Oswego picked up a little last week. Not back to the numbers we saw in May and June, but a bit of an uptake from the last couple of weeks of August. This is probably because school has started and people are back into their routines. We had 20 new listings, 26 pending sales (that’s the uptick), and 18 closed/sold properties.

Following is the breakdown for you according to RMLS:

New on the Market (Aug 26-Sept 1, 2019)

Address Type Price BR Baths Sq Ft
4 Touchstone #69 Condo Auction 3 3 1351
15938 Quarry Dr Condo $309,000 2 1 988
3924 Carman Dr Townhouse $309,000 2 2.5 1140
3992 Carman Dr Condo $325,000 2 2.5 1107
4425 Thunder Vista Ln Condo $325,000 2 2.5 1980
5054 Foothills Dr H Attached $327,000 3 2 1252
102 Greenridge Ct Attached $455,000 3 2.5 2004
206 Greenridge Dr Detached $462,500 3 2 1392
16193 Inverurie Rd Detached $498,000 3 2 1248
1280 Oak Terrace Detached $549,900 3 2 1670
4366 Sunset Dr Detached $559,000 3 2.5 2440
4981 Hampton Ct Detached $619,000 4 2.5 2440
17896 Kelok Rd Detached $874,500 6 6 4093
5705 Southwood Dr Detached $879,000 4 2.5 3360
1405 Country Commons Ln Detached $1,200,000 4 3 4083
18026 Skyland Circle Detached $1,399,000 5 3.5 4134
667 Lake Bay Ct Detached $1,784,900 4 3.5 3616
17852 Upper Cherry Ln Detached $1,795,000 3 3 5299
1251 Forest Meadows Way Detached $2,125,000 4 3.5 5000
3015 Wembley Park Rd Detached $2,469,900 4 4.5 5211

Pending Sales (Aug 26-Sept 1, 2019)

Address Type Price BR Baths Sq Ft CDOM
5225 Jean Rd #403 Condo $279,000 2 2 1200 10
668 McVey Ave #55 Condo $294,900 1 1 636 196
4204 Woodside Circle Townhouse $329,900 2 2 1308 115
16317 Bonaire Ave Detached $349,000 3 1.5 1219 5
5787 Baliene St Detached $389,900 3 1 960 22
23 Mountain Circle Detached $445,000 2 2 1363 141
9 Pericles Detached $449,000 3 2.5 2197 1
17273 Bryant Rd Detached $475,000 3 1.5 1452 37
16722 Lake Forest Blvd Detached $484,900 4 2 1968 85
4281 Chapman Way Detached $539,900 4 3 2038 50
1551 Woodland Terr Detached $549,900 4 2 2712 1479
2415 Glen Haven Rd Detached $560,000 5 3 2614 47
3781 Tempest Dr Detached $599,000 3 2.5 3927 59
8 Walking Woods Dr Detached $599,900 4 3 3105 216
14677 Doris Ave Detached $599,900 5 3 2848 30
22 Juarez St Detached $599,900 4 2.5 3096 88
18225 SW 65th Ave Detached $625,000 5 2.5 2210 39
5587 Bay Creek Dr Detached $639,000 4 2.5 2507 11
13660 Shireva Dr Detached $649,000 4 3 2674 35
30 Westridge Dr Detached $659,900 4 3 3290 27
75 Nansen Summit Detached $675,000 4 3.5 3214 47
877 Cornell St Detached $715,000 3 3 3041 3
1125 Northshore Rd Detached $1,150,000 3 2 1589 49
3540 Red Cedar Way Detached $1,295,000 4 3.5 4023 72
748 6th St Detached $1,425,000 4 4.5 2865 151
1715 Edgecliff Terr Detached $1,675,000 4 4.5 4927 372

Sold/Closed (Aug 26- Sept 1, 2019)

Address Type List Price Sold Price Sq Ft CDOM
200 Burnham Rd #403 Condo $250,000 $250,000 1199 11
3828 Botticelli Condo $279,000 $282,500 1,273 21
17903 Belmore Ave Detached $469,900 $330,000 2016 78
12882 Boones Ferry Rd Condo $379,900 $367,000 1182 98
18365 SW 65th Ave Detached $389,000 $389,000 1032 9
19060 Indian Creek Ave Detached $524,000 $461,500 1566 120
17683 Schalit Way Detached $500,000 $515,000 1463 19
69 Condolea Terr Condo $569,900 $550,000 2157 13
17435 Bonniebrae Dr Detached $739,000 $689,000 3200 106
5536 Kilchurn Ave Detached $749,900 $722,500 2550 11
5327 Carman Grove Ln Detached $949,500 $918,000 3125 99
5680 Childs Rd Detached $1,099,000 $965,000 3430 68
5702 Meadowcreek Ct Detached $1,149,000 $1,089,000 3205 81
3197 Alber Spring Ct Detached $1,489,000 $1,335,000 4852 146
125 Middlecrest Rd Detached $1,429,000 $1,375,000 3242 8
611 Ridgeway Rd Detached $1,650,000 $1,550,000 4463 128
17613 Kelok Rd Detached $2,098,000 $1,971,500 4750 34

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.