A Guide to Lake Oswego Real Estate and Community
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 |
 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!
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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 |
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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.
 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
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.
 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
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 |
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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 |
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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.
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%)
- NE Portland: $450,600 4.0% (Nov 453,100/Dec ’17: 430,000, 8.1%)
- SE Portland: $425,900 5.9% (Nov 425,200/Dec ’17: 382,200, 8.7%)
- Gresham/Troutdale: $338,500 7.7% (Nov 361,600/Dec ’17: 329,600,10.4%)
- Milwaukie/Clackamas: $427,500 4.6% (Nov 443,400/Dec ’17: 411,500, 9.1%)
- Oregon City/Canby: $428,600 7.1% (Nov 427,200/Dec ’17: 402,100, 7.2%)
- Lake Oswego/West Linn:$636,300 .6% (Nov 728,500/Dec ’17: 662,700, 9.5%)
- West Portland: $588,800 3.8% (Nov 601,000/Dec ’17: 612,700, 3.2%)
- NW Wash County: $483,400 2.5% (Nov 511,700/Dec ’17: 534,400, 7.7%)
- Beaverton/Aloha: $381,600 8.6% (Nov 397,200/Dec ’17: 363,200, 9.2%)
- Tigard/Wilsonville: $459,600 6.3% (Nov 482,000/Dec ’17: 435,700, 7.7%)
- 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)
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.
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
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.
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