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

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

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Market Activity June 3-9, 2019

We had a great week of real estate activity in Lake Oswego last week. 20 properties came onto the market, 27 moved into pending status, and 24 closed/sold.

Following is the breakdown for you according to RMLS:

New on the Market (June 3-9, 2019)

Address Type Price BR Baths Sq Ft
4000 Carman Dr D53 Condo $169,023 1 1 836
5602 Kenny St Detached $430,000 3 2 1302
3101 McNary Pkwy Townhouse $432,000 3 2.5 1986
438 5th St Condo $450,000 2 2.5 1092
16351 Pacific Hwy Detached $479,000 3 3 1742
16722 Lake Forest Blvd Detached $519,900 4 2 1968
17475 Westview Dr Detached $619,950 3 2.5 2602
13041 Knaus Rd Detached $699,000 2 2.5 1812
16176 Matthew Ct Detached $839,900 4 2.5 3474
573 2nd St Condo $869,000 2 2.5 1748
648 3rd St Condo $869,900 3 2.5 2092
642 3rd St Condo $879,900 3 2.5 2274
1255 Bayberry Rd Detached $889,000 3 2 2140
15203 Lily Bay Ct Detached $965,000 4 2.5 3219
828 8th St Detached $1,089,000 3 3.5 2839
4125 Casey Ct Detached $1,195,000 4 3.5 3728
13310 Fox Run Detached $1,100,950 4 3.5 3741
17095 Westview Dr Detached $1,350,000 5 3 3313
2445 Glenmorrie Dr Detached $1,425,000 5 5 5168
18218 Meadowlark Ln Detached $1,750,000 5 6.5 8320

Pending Sales (June 3-9, 2019)

Address Type Price BR Baths Sq Ft CDOM
4 Touchstone #114 Condo $184,900 2 2 984 6
4647 Lakeview Blvd D1 Condo $198,900 1 1 753 19
86 Kingsgate Rd G203 Condo $225,000 2 2 849 13
48 Eagle Crest Dr 1E Condo $267,000 2 2 1370 31
200 Burnham Rd #404 Condo $274,900 2 2 1325 50
1367 Bonniebrae Dr Townhouse $299,500 2 1.5 10008 14
34 Wheatherstone Condo $399,900 3 2.5 1692 76
18552 Edgewood Ct Detached $449,900 3 1.5 1071 26
4648 Rembrandt Ln Detached $460,000 3 2.5 1773 26
1124 Hemlock St Detached $495,000 3 2 1257 4
86 Greenridge Ct Attached $599,999 4 3.5 2718 56
737 Ash St Detached $649,990 4 2 2428 85
17433 Schalit Way Detached $664,000 4 2.5 2350 6
17184 Carlson Ct Detached $725,000 4 3.5 3318 9
16 Independence Ave Detached $725,000 4 3 3979 43
4 Hillshire Dr Detached $778,000 4 2.5+.5 3232 32
18183 Westminster Dr Detached $785,000 4 2.5 3191 26
49 Hillshire Dr Detached $799,999 4 3.5 4268 322
5745 Bay Creek Dr Detached $819,900 4 2.5 3353 18
18409 Old River Dr Detached $939,000 4 3.5 3681 77
16039 Bonaire Ave Detached $979,900 4 3 3308 20
55 Eagle Crest Dr Detached $1,125,000 5 4.5 5629 12
367 10th St Detached $1,289,000 4 3.5 3807 21
2399 Palisades Crest Dr Detached $1,300,000 4 4.5 4452 12
18099 Green Bluff Dr Detached $1,650,000 4 3.5 5023 38
1233 Cherry Ln Detached $1,990,000 5 4.5 6052 245
1128 Englewood Dr Detached $1,999,888 6 5.5 8981 195

Sold/Closed (June 3-9, 2019)

Address Type List Price Sold Price Sq Ft CDOM
3433 McNary Pkwy #205 Condo $219,000 $227,500 1008 14
5944 Burma Rd Detached $350,000 $325,000 1,378 33
31 Ladd St Detached $450,000 $385,000 867 48
668 McVey Ave #36 Condo $389,900 $390,000 852 8
21 Ladd St Detached $495,000 $435,000 2436 48
18820 65th Ave Detached $485,000 $486,500 2436 48
5385 Dawn St Detached $499,000 $499,000 1513 0
5371 Greystoke Dr Detached $569,000 $537,000 1782 51
3595 Tempest Dr Detached $589,000 $560,000 2126 28
6447 Frost St Detached $699,960 $575,000 2227 408
17763 Mardee Ave Detached $564,900 $575,000 2300 3
1901 Mapleleaf Ct Detached $584,900 $584,900 2800 23
1023 Lund St Detached $614,990 $635,000 2313 3
4 Gershwin Ct Detached $699,900 $650,000 3016 155
19001 Red Wing Way Detached $649,900 $650,000 2116 4
18034 Westview Dr Detached $699,900 $692,500 3544 82
19198 Olson Ave Detached $735,000 $735,000 2881 5
2585 Dellwood Dr Detached $885,000 $824,085 3749 33
123 Furnace St Condo $929,000 $930,000 2126 0
1180 Cherry Ln Detached $1,150,000 $970,000 4248 384
8 Sherwood Ct Detached $1,100,000 $999,000 4073 90
154 Berwick Rd Detached $1,039,000 $1,064,000 3020 3
17283 Blue Heron Rd Detached $1,695,000 $1,563,000 3797 76
831 4th St Detached $1,948,000 $1,850,000 5078 35

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 ~ June 10-16, 2019

Here are my picks for things happening this week!

Mon, June 10 2019– 12:30-4:00PM –  Duplicate Bridge ~ Enjoy playing with this fun-loving, competitive group and making new friends! Every week on Monday – Community Center at 505 G Avenue  Info:  CLICK HERE

Tue, June 11, 2019 –  7:00-8:00PM – Cool Books for Hot Days-Summer Reading Preview ~ You won’t want to miss Librarian, Chris Myers’ fast-paced introduction to the best new & upcoming books you wilk want to put on your “read-list” for this summer & fall! ~ Lake Oswego Public Library – 706 4th St   Info:  CLICK HERE  

Wed, June 12, 2019 – 1:00-2:00PM – Performing Arts-Gary Ogan Duo  ~ Enjoy a performance mid-day by this local singer/songwriter and 2008 OR Music Hall of Fame Inductee along with Brian Rose on keyboards at the Lake Oswego Public Library!~ 706 4th St   –Info:  CLICK HERE     

Thu, June 13, 2019 9:30AM-12:00PM – Creative Hands ~ This group welcomes you to join them as they meet every Thursday to work on handicrafts made from donated materials that benefit local non-profit organizations. This is an easy way to actually be of help to those less fortunate… and they welcome all skill levels! ~ Community Center at 505 G Avenue –Info:   CLICK HERE

Fri, June 14, 2019 9:00-11:30AM Legal Program ~ 2nd Friday every month. Appointments necessary. This group welcomes local attorneys who give free 30-minute consultations with individuals. ~ Community center, 505 G Avenue – Info: CLICK HERE

Sat, June 15, 2019 – 8:30AM – 1:30PM ~ Farmers Market!! ~ We wait every year for our chance to wander aimlessly through the veggie, fruit and craft stalls to our hearts content with the lake as backdrop and the sun shining down. Repeats 22 times… get out there!~ Millenium Plaza Park ~    Info : CLICK HERE

Sun, June 16, 2019 – 9:00AM-5:00PM ~ Fathers Day Rafting w/Dad!! …on the Santiam River ~ Meet at Hazelia Field at Luscher Farm for this AWL (Adventure Without Limits) offering- A day on the river! Class II-III rapids for beginners & experienced rafters.   –Info & Tickets: CLICK HERE

 

Market Activity ~ May 27-June 2, 2019

There are a total of 306 homes for sale in Lake Oswego right now. Last week 17 New properties entered the market, 26 moved to Pending status, and 29 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (May 27-June 2, 2019)

Address List Price # Beds # Baths Total SF Prop Type
4 TOUCHSTONE #91 $232,500 2 2 993 CONDO
16250 PACIFIC HWY #71 $245,000 2 2 1305 CONDO
51 GALEN ST / Main $250,000 2 0.2 993 CONDO
47 ORIOLE LN $479,000 3 2.1 1958 DETACHD
22 JUAREZ ST $649,000 4 2.1 3096 DETACHD
2401 GLEN HAVEN RD $699,900 4 3 2942 DETACHD
5492 YORKSHIRE PL $719,900 4 2.1 2462 DETACHD
4120 ORCHARD WAY $739,000 4 3 3123 DETACHD
5206 ROYAL OAKS DR $775,000 5 3.1 2985 DETACHD
1952 EGAN WAY $1,200,000 3 3 2961 DETACHD
2399 PALISADES CREST DR $1,300,000 5 4.1 4452 DETACHD
16653 FIR LN $1,498,000 4 3.1 3957 DETACHD
3137 DOUGLAS CIR $1,750,000 4 3.1 4378 DETACHD
1411 LAKE FRONT RD $2,098,000 3 4 3349 DETACHD
852 NORTHSHORE RD $2,498,000 4 5 4211 DETACHD
736 SOUTHVIEW RD $3,598,000 4 3.2 4639 DETACHD
1775 SOUTHSHORE BLVD $5,498,000 3 4.3 5401 DETACHD

PENDING SALES (May 27-June 2, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
239 CERVANTES / Upper $189,000 2 2 1100 CONDO 41
4 TOUCHSTONE #119 $199,000 3 2.1 1351 CONDO 5
4 TOUCHSTONE #125 $210,000 2 2 984 CONDO 218
3433 MCNARY PKWYb #211 $216,000 2 2 1008 CONDO 41
5225 JEAN RD #305 $269,900 2 2 1098 CONDO 133
3862 BOTTICELLI ST / Grnd $279,900 3 2 1224 CONDO 8
3982 CARMAN DR $339,900 3 2.1 1360 CONDO 42
16184 LAKE FOREST BLVD $349,000 3 1 1342 DETACHD 55
1918 BONNIEBRAE DR $400,000 4 2 1595 TOWNHSE 18
7210 SW CHILDS RD $424,900 3 2 1542 DETACHD 168
48 ORIOLE LN $509,000 3 2 2072 ATTACHD 20
18651 SW DON LEE WAY $524,900 4 2 1630 DETACHD 35
4261 COLLINS WAY $525,000 3 2 1476 DETACHD 7
23 SPINOSA $549,000 3 2 2767 DETACHD 171
18667 PILKINGTON RD $570,000 4 2.1 2512 DETACHD 84
5421 RED LEAF ST $579,900 3 2.1 2372 DETACHD 2
1305 HALLINAN ST $599,000 4 3 2510 DETACHD 2
19040 OLSON AVE $600,000 4 3 2642 DETACHD 24
15518 HERITAGE CT $625,000 4 3.1 2700 DETACHD 2
9 JUAREZ ST $679,000 4 3.1 2823 DETACHD 46
14058 CHATHAM CT $739,000 3 2.1 2235 DETACHD 9
128 NORTHSHORE RD $857,500 4 3 2695 DETACHD 97
324 9TH ST $1,200,000 4 2.1 2743 DETACHD 46
17900 SARAH HILL LN $1,240,000 4 3 4186 DETACHD 27
885 9TH ST $1,499,000 4 3.1 3757 DETACHD 46
15845 OSWEGO SHORE CT $1,965,500 4 4.1 5500 DETACHD 372

SOLD (May 27-June 2, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #46 $159,900 $159,650 1 1 617 CONDO 11
48 EAGLE CREST DR #3B $309,000 $286,500 2 2 1550 CONDO 23
16726 CARNEGIE AVE $449,900 $453,855 3 2 1368 DETACHD 16
4725 JEAN RD $484,900 $464,500 4 2 1433 DETACHD 27
14352 SHERBROOK PL $475,000 $475,000 3 2.1 1806 DETACHD 17
210 S STATE ST #8 $499,000 $505,000 3 2.1 1614 CONDO 4
17606 SYDNI CT $549,000 $540,000 3 2.1 2442 TOWNHSE 40
6435 FROST ST $579,950 $569,900 3 2.1 1838 DETACHD 404
17615 SYDNI CT $599,000 $585,000 4 2.1 2651 TOWNHSE 62
4999 BILFORD LN $579,000 $628,000 3 2.1 1917 DETACHD 7
14273 AMBERWOOD CIR $700,000 $640,000 4 2.1 2480 DETACHD 330
7 GROUSE TER $750,000 $720,000 3 2.1 2516 DETACHD 7
860 SKYLAND DR $825,000 $770,000 4 3 4067 DETACHD 60
663 CARRERA LN $775,000 $770,000 3 2 2197 DETACHD 31
5227 WESTFIELD CT $772,000 $772,000 4 2.1 3091 DETACHD 4
2350 SOUTHSHORE BLVD $795,000 $810,000 3 2.1 2236 DETACHD 10
5064 HASTINGS DR $829,000 $815,000 5 2.1 3739 DETACHD 271
391 LIVINGOOD LN $899,000 $941,000 5 3 3872 DETACHD 7
1050 SCHUKART LN $1,099,000 $1,076,000 4 3.1 5437 DETACHD 14
12816 ALTO PARK RD $1,295,000 $1,150,000 5 4 3846 DETACHD 73
3950 EDENS EDGE DR $1,249,000 $1,180,000 4 3.1 4382 DETACHD 21
3906 BASS LN $1,349,000 $1,195,000 4 3.1 4311 DETACHD 51
3210 CHILDS RD $1,239,000 $1,200,000 3 2.2 2936 DETACHD 26
556 6TH ST $1,300,000 $1,300,000 4 3 3088 DETACHD 0
515 NORTHSHORE RD $1,395,000 $1,552,500 3 2 1691 DETACHD 0
448 COUNTRY CLUB RD $1,549,000 $1,599,000 4 3.1 4873 DETACHD 17
1101 FOREST MEADOWS WAY $1,998,000 $1,998,000 4 3.1 5001 DETACHD 311
353 G AVE $2,198,000 $2,032,500 4 3.1 5399 DETACHD 54
2646 SUMMIT DR $2,200,000 $2,200,000 4 3 3160 DETACHD 0

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

Packing Tips for Moving

We focus so much on the process of buying and selling a house that we can get side tracked from the nuts and bolts of the move itself. I thought I’d take a moment today to reflect on what it involves and give you a few tips to make the move easier.

A recent article in The Oregonian had some great ideas that I am sharing with you here.

Use the time during your home inspection to measure rooms and storage areas. That sounds so basic, but I rarely see people do this. I carry tape measures in my car. If you forget yours you can use mine!

Knowing the size of the rooms will allow you to determine what furniture will fit where. My Mom, a retired Realtor, would go so far as to use French ruled paper (the kind with both horizontal and vertical lines that create little squares) to actually cut out and lay out each room. You don’t need to go this far, but measuring will allow you to organize in advance.

Pack the boxes based on where items will end up, not based on the rooms that they are currently in. Again, just some simple advance planning.

Keep small parts together in a plastic, sealed bag. Then tape the bag to the item that they are a part of. Trying to find a missing screw or clamp is a night mare when you are dealing with dozens of boxes.

Buy the right tools. Boxes are sold a many storage facilities. You can also do a quick google search and find local companies that sell used boxes. Think about your fragile items. Be sure to also purchase bubble wrap and items made specifically for protecting glass ware and dishes. There is also a product I just learned about, Duck brand “Mover’s Edge”. It’s packing tape that as it dispenses the edges of the tape are just slightly folded under. This allows the tape to be easily gripped and torn back to open the boxes without a cutter. Such a good idea!

Avoid spills. If it could spill, put it into a plastic bag.

Use plastic storage bins for items that won’t be unpacked. This way you can simply put holiday decorations and that sort of thing away in the new storage space.

The last time I moved I thought I could do the packing in just a couple of days. Boy, was I wrong! The last day before the actual move I was literally just throwing stuff into boxes. I had no time to sort and organize. I will never do that again. Live and learn, right?

I hope you find these tips useful, and, as always, thanks for reading the blotter.
Dianne

Market Activity May 20-26, 2019

We had a great week of real estate activity in Lake Oswego last week. 27 properties came onto the market, 23 moved into pending status, and 18 closed/sold.

Following is the breakdown for you according to RMLS:

New on the Market (May 20-26, 2019)

Address Type Price BR Baths Sq Ft
4 Touchstone #119 Condo $199,000 3 2.5 1351
47 Eagle Crest Dr #18 Condo $199,999 2 1 932
10 Cervantes Circle 7B Condo $219,900 2 1.5 912
88 Kingsgate Rd G203 Condo $225,000 2 2 849
5225 Jean Rd #305 Condo $269,900 2 2 1098
3862 Botticelli St Condo $279,900 3 2 1224
1367 Bonniebrae Dr Townhouse $315,900 2 1.5 1008
4 Erasmus St Townhouse $335,000 2 2.5 1547
19111 Indian Springs Rd Detached $599,000 6 3.5 2432
17617 Sydni Ct Townhouse $615,000 4 2.5 2651
12410 Shelby Ct Detached $694,000 5 2.5 2700
16134 White Oaks Dr Detached $699,999 4 2.5 2613
2611 Orchard Hill Ln Detached $724,900 3 2.5 2859
14058 Chatham Ct Detached $739,000 3 2.5 2235
1505 Eastview Ct Detached $829,000 3 3.5 3367
17705 Tree Top Ln Detached $829,900 5 3 3428
15815 Allison Pl Detached $889,000 4 2.5 3559
171 5th St Detached $899,000 4 2 2367
3232 Wembley Park Rd Detached $899,900 4 3.5 2817
17878 Hillside Dr Detached $899,900 5 3 3594
15167 Brook Ct Detached $935,000 4 3.5 3880
5728 Bay Creek Dr Detached $945,000 5 2.5 3598
55 Eagle Crest Dr Detached $1,125,000 5 4.5 5328
17506 Hill Way Detached $1,125,000 4 2.5 3163
5051 Lakeview Blvd Detached $1,199,000 4 3.5 3506
1225 Oak Terrace Detached $1,450,000 4 4 3771
720 Southview Rd Detached $2,395,000 4 3 3599

Pending Sales (May 20-26, 2019)

Address Type Price BR Baths Sq Ft CDOM
55 Oswego Summit Condo $175,000 1 1 721 3
88 Oswego Summit Condo $175,000 1 1 764 5
16250 Pacific Hwy #56 Condo $249,900 2 2 1305 5
1444 Boca Ratan Dr Attached $369,000 3 2 1393 5
13188 Vermeer Dr Detached $499,900 3 2.5 1862 16
6330 Shakespeare St Detached $520,000 4 3 1792 50
17622 Sydni Ct Townhouse $540,000 3 2.5 2182 0
5861 Benfield Ct Detached $545,000 4 2 1658 9
8 Walking Woods Dr Detached $599,900 4 3 3105 119
17 Grouse Terrace Detached $650,000 4 2.5 3202 7
14 Northview Ct Attached $695,000 4 3.5 3279 62
14580 Uplands Dr Detached $699,000 3 3 2120 39
327 Laurel St Detached $750,000 4 2 2520 48
79 Tanglewood Dr Detached $750,000 4 3 3130 3
15717 Murwood Ct Detached $769,000 3 2.5 2386 3
5554 Luce Ln Detached $779,900 4 3 3269 68
16750 Glenwood Ct Detached $825,000 5 3 4243 37
3710 Marquis Ct Detached $848,950 4 3.5 3827 313
5475 Westfield Ct Detached $924,900 4 2.5 3335 10
16717 Sylvan Ct Detached $1,075,999 5 3.5 4953 361
892 8th St Detached $1,250,000 4 3.5 2747 312
1074 Bayberry Rd Detached $1,625,000 3 3 3429 237

Sold/Closed (May 20-26, 2019)

Address Type List Price Sold Price Sq Ft CDOM
81 Galen St Condo $182,000 $168,000 689 69
4 Touchstone #84 Condo $199,000 $200,000 979 10
86 Kingsgate Rd I-204 Condo $227,500 $227,500 840 6
3433 McNary Pkwy Condo $235,000 $235,000 1008 4
38 Weatherstone Condo $395,000 $390,000 1692 22
6 Oriole Ln Detached $400,000 $400,000 1521 4
875 Lake Forest Dr Detached $499,500 $489,000 979 90
71 Kingsgate Rd Detached $489,900 $494,000 1727 30
5099 Galen St Detached $539,000 $538,000 2246 1
2130 Wembley Park Rd Detached $600,000 $610,000 1544 2
14751 Rainbow Dr Detached $625,000 $625,000 1591 3
4966 Harvard Ct Detached $639,900 $639,900 3078 9
16560 Glenwood Ct Detached $899,000 $812,155 2558 38
730 8th St Detached $829,000 $817,000 2395 3
530 Boca Ratan Dr Detached $895,000 $895,000 3368 27
17620 Blue Heron Dr Detached $1,365,000 $1,325,000 4041 4
13214 Amber Pl Detached $1,489,950 $1,499,950 3993 197
13104 Rodgers Rd Detached $699,900 $720,000 2715 2

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

News & Notes ~ April 2019 Numbers

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

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

  • There were 4,210  New Listings in April 2019 which was up 5.5%  from April of 2018’s 3,990, and up substantially at 20.1% from the previous month/March’s 3,504.
  • At 2,409 April 2019’s Closed Sales were down 4.5% from April 2018’s 2,523, BUT, were up at 10.4 % over the previous month/March 2019’s total of 2,183.
  • April 2019’s Pending Sales (accepted offers), at 3,102 were up 3.1% from April of 2018’s 3,008, and also up 13.3% from the previous month/March 2019’s total of  2,738.
  • The Average Sale Price in April 2019 of $452,100 was about the same as last year/April 2018’s $452,000, and up from the previous month/March 2019’s $447,900 by $4,200.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in April 2019 of $405,000 was the same as last year/April 2018’s $405,000, and up $6,000.00, from the previous month/March 2019’s $399,000.   

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

  • North Portland:  $421,300              1.5%   (Mar 425,200 )
    •                                                     YTD Median: $405,000
  • NE Portland:  $446,800                   0.5%   (Mar 451,700 )
    •                                                     YTD Median: $401,500
  • SE Portland:  $422,100                   3.6%   (Mar 431,400)
    •                                                     YTD Median: $368,500
  • Gresham/Troutdale:   $390,300     5.1%   (Mar 374,600)
    •                                                     YTD Median: $350,000
  • Milwaukie/Clackamas:  $452,900  2.9%   (Mar 426,800)
    •                                                     YTD Median: $399,900
  • Oregon City/Canby:   $432,800      7.5%   (Mar 442,400)
    •                                                     YTD Median: $400,000
  • Lake Oswego/West Linn:$654,900 2.8%   (Mar 651,300)
    •                                                      YTD Median: $560,000
  • West Portland:    $578,000             1.2%   (Mar 571,800)
    •                                                     YTD Median: $516,000
  • NW Wash County:  $538,500          0.7%   (Mar 502,000)
    •                                                      YTD Median: $510,000
  • Beaverton/Aloha:     $393,000       7.5%   (Mar 405,400)
    •                                                     YTD Median: $381,000
  • Tigard/Wilsonville:   $467,500        3.8%   (Mar 445,300)
    •                                                      YTD Median: $431,000
  • Hillsboro/Forest Grove: $395,200  4.2%   (Mar 405,000)
    •                                                      YTD Median: $375,000

LAKE OSWEGO:

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

    •  385 Active Listings  (Mar 326)
    •  285 New Listings     (Mar 195)
    •  162 Pending Sales   (Mar 149)
    •  131 Closed Sales      (Mar 108)
    • Average Sale Price for March: $654,900  (Mar $651,300)
      • 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.
    •  62 Average Days on the Market   (Mar 94)

 

Market Activity ~ May 13-19, 2019

There are a total of 309 homes for sale in Lake Oswego right now. Last week 33 New properties entered the market, 22 moved to Pending status, and 15 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (May 13-19, 2019)

Address List Price # Beds # Baths Total SF Prop Type
4647 LAKEVIEW BLVD #D1 $198,900 1 1 753 CONDO
4 TOUCHSTONE #125 $210,000 2 2 984 CONDO
3896 BOTTICELLI ST / Grnd $293,900 2 1.1 1132 CONDO
1918 BONNIEBRAE DR $400,000 4 2 1595 TOWNHSE
5751 Washington Ct $447,000 5 2 2120 DETACHD
5071 W SUNSET DR $529,000 2 2.1 1734 ATTACHD
5861 BENFIELD CT $545,000 4 2 1658 DETACHD
27 PARTRIDGE LN $549,000 3 2 2493 DETACHD
5955 WASHINGTON CT $589,000 5 2.1 2554 DETACHD
17 GROUSE TER $650,000 4 2.1 3202 DETACHD
2388 OVERLOOK DR $675,000 4 3 2765 DETACHD
13841 VERTE CT $690,000 6 3.4 2600 DETACHD
13202 ROGERS RD $775,000 4 2.1 2927 DETACHD
5950 HARRINGTON AVE $799,000 4 3.1 2816 DETACHD
18183 WESTMINSTER DR $800,000 4 2.1 3191 DETACHD
5745 BAY CREEK DR $819,900 4 2.1 3353 DETACHD
654 1ST ST $824,900 2 2.1 2140 CONDO
5475 WESTFIELD CT $924,900 4 2.1 3335 DETACHD
390 9th ST $999,000 4 2.1 2023 DETACHD
362 9th ST $1,029,000 3 2.1 2018 DETACHD
378 9th ST $1,029,000 3 2.1 2019 DETACHD
5680 CHILDS RD $1,099,000 5 4.1 3430 DETACHD
5702 MEADOWCREEK CT $1,149,000 4 3.1 3205 DETACHD
1287 BICKNER ST $1,195,000 4 3.1 2665 DETACHD
14144 GOODALL RD $1,200,000 4 3 3701 DETACHD
367 10TH ST $1,289,000 4 3.1 3807 DETACHD
2050 CHILDS RD $1,295,000 4 4.1 4814 DETACHD
17990 RIDGE LAKE DR $1,349,000 4 3.1 3745 DETACHD
2917 WESTVIEW CIR $1,349,000 5 4.1 4343 DETACHD
2250 SOUTHSHORE BLVD $1,350,000 4 4.1 4432 DETACHD
16315 CHAPIN WAY $1,495,000 4 3.1 3478 DETACHD
12812 GOODALL RD $1,895,000 4 4.1 4808 DETACHD
4398 LAKEVIEW BLVD $2,100,000 4 3.1 3340 DETACHD

PENDING SALES (May 13-19, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #46 $159,900 1 1 617 CONDO 43
4625 LAKEVIEW BLVD / Grnd $189,900 1 1 753 CONDO 29
4 TOUCHSTONE #120 $214,900 3 2.1 1351 CONDO 4
170 OSWEGO SMT / Grnd $259,950 2 2 1506 CONDO 19
3814 BOTTICELLI ST $269,900 2 2 1055 CONDO 61
5054 FOOTHILLS DR / Grnd $334,900 2 2 1252 CONDO 57
436 5TH ST $399,000 2 1.1 1092 CONDO 3
5099 GALEN ST $539,000 4 2.1 2246 DETACHD 1
20 AQUINAS ST $549,900 4 2.1 1837 DETACHD 7
4660 BLACK FOREST CT $575,000 4 2.1 2157 DETACHD 1
1590 BONNIEBRAE DR $749,000 4 3 3163 DETACHD 44
7 GROUSE TER $750,000 3 2.1 2516 DETACHD 7
17566 BLUE HERON CT $774,800 4 3 2681 DETACHD 15
1111 BAYBERRY RD $1,098,000 3 2 2042 DETACHD 46
1835 CEDAR CT $1,199,000 3 3.1 3165 DETACHD 64
425 FURNACE ST $1,300,000 4 3 3326 DETACHD 7
3919 SOUTHSHORE BLVD $1,495,000 4 3.1 4150 DETACHD 1
1949 CEDAR CT $1,674,000 5 5.1 6330 DETACHD 64
17138 CEDAR RD $1,825,000 3 3.1 3017 DETACHD 17
831 4TH ST $1,875,000 5 6 5078 DETACHD 35
2322 KNAUS RD $1,898,000 4 3.2 5087 DETACHD 214
1475 OAK TER $2,450,000 3 3.1 3674 DETACHD 23

SOLD (May 13-19, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
512 S STATE ST / Upper $229,989 $225,000 1 1 829 CONDO 28
71 OSWEGO SMT / Upper $239,000 $239,000 2 2 1140 CONDO 2
3964 CARMAN DR $339,900 $291,500 2 2.1 1098 CONDO 148
5226 TUALATA LN $468,950 $465,000 3 2 1470 DETACHD 0
4635 REMBRANDT LN $549,900 $555,000 4 2.1 2056 DETACHD 7
939 DEVON LN $579,900 $565,000 3 2 2165 DETACHD 220
6474 FROST ST $635,000 $599,900 4 2.1 2216 DETACHD 173
19134 TERRY AVE $625,000 $620,000 5 2 2557 DETACHD 8
16202 WALUGA DR $650,000 $650,000 1 1 612 DETACHD 2
2099 WEMBLEY PL $689,000 $650,000 4 2.1 2730 DETACHD 86
4078 MELISSA DR $699,900 $695,000 4 2.1 2691 DETACHD 11
1193 TROON RD $699,000 $699,000 3 2.1 2546 DETACHD 12
1604 CAMPUS WAY $795,000 $737,500 3 2.1 2607 DETACHD 70
17514 BROOKHURST DR $834,999 $841,600 3 2.1 3521 DETACHD 4
3258 LAKEVIEW BLVD $3,250,000 $2,900,000 4 4.1 4337 DETACHD 129

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.

Remodeling: Cost vs Value

In the course of working as a Realtor, one of the common questions I am often asked is “What should I do to get my house ready to sell?” I have addressed this pretty extensively in previous posts, but today I want to be more specific about remodeling for the purpose of selling.

There is always a range of value when pricing a property and that range is based upon condition. The better the condition, the more the house is worth. But having said that, there is not a dollar for dollar return on remodeling.

Remodeling Magazine puts out a list for every region of the United States that gives the average cost of various projects and the amount of additional sales price you can expect from having done the project. It’s pretty surprising. Most projects give a return that is less than the actual cost. Here are some examples from our region on the 2019 list:

Job / Cost / Return/ % of Return

Backyard Patio/ $63,109/ $40,045/ 55.2%

Bathroom Remodel/ $23,548/ $17,728/ 75.3%

Kitchen Remodel/ $75,513/ $49,384/ 68.1%

Master Suite Addition/ $151,211/ $105,965/ 70.1%

New Garage Door/ $3785/ $4685/ 123.8%

There are many more items on the list. This is just a sample. For the complete list, click here.

On this year’s list, the only project that gave a better return than the cost was the replacement of garage doors. In past years I’ve also seen replacement of the front door being a similar good investment.

The bottom line is that if you are going to remodel, do it while you are still going to live in the house. This way you’ll get more out of it than the cost of the project, you’ll also get the enjoyment of the project.

My last bit of advice is that the most significant thing you can to do maximize the return on your real estate investment is to maintain it properly during the time that you own it and to really deep clean it before you list if for sale.

As always, thanks for reading the blotter.
Dianne

Market Activity May 6-12, 2019

The spring market is officially in full swing. Last week in Lake Oswego we had 36 new listings! That is a lot of houses! We also had 32 properties go into pending status and 15 closed/sold houses.

Following is the breakdown for you according to RMLS:

New on the Market (May 6-12, 2019)

Address Type Price BR Baths Sq Ft
9 Oswego Summit Condo $169,900 1 1 764
202 Cervantes Condo $205,000 2 2 890
124 Oswego Summit Condo $245,000 2 2 1140
48 Eagle Crest 1E Condo $272,000 2 2 1370
4204 Woodside Circle Townhouse $400,000 2 2 1308
12882 Boones Ferry Rd Condo $400,000 2 2.5 1136
48 Greenridge Ct Townhouse $450,000 3 3 2147
18552 Edgewood Ct Detached $459,900 3 1.5 1071
4 The Grotto Attached $475,000 3 2.5 1534
48 Oriole Ln Attached $509,000 3 2 2072
13188 Vermeer Dr Detached $529,000 3 2.5 1862
20 Aquinas St Detached $549,900 4 2.5 1837
19061 Indian Springs Rd Detached $569,900 4 3 2341
12 Northview Ct Attached $595,000 2 3 3266
19040 Olson Ave Detached $600,000 4 3 2642
17644 Sydni Ct Townhouse $615,000 4 2.5 2460
304 6th St Detached $625,000 1 1 941
13488 Snowberry Ct Detached $729,000 4 2.5 2964
14371 Uplands Dr Detached $739,000 3 2 2358
7 Grouse Terrace Detached $750,000 3 2.5 2516
3220 Edgemont Rd Detached $761,000 4 3 2124
750 Briercliff Ln Detached $769,000 3 3 2682
63 Touchstone Detached $769,900 4 3 3088
2133 Ridgewood Rd Detached $859,900 5 3 2059
32 Wilbur St Detached $879,000 2 2.5 2671
13711 Melrose Pl Detached $949,000 4 4 3742
2 Grouse Terrace Detached $995,000 4 3 4446
15986 Parker Rd Detached $1,099,413 4 3.5 3130
15776 Inverurie Rd Detached $1,249,000 3 2 2370
419 7th ST Detached $1,289,000 4 2.5 2813
425 Furnace St Detached $1,300,000 4 3 3326
15446 Boones Way Attached $1,300,000 3 2.5 3364
14480 Kruse Oaks Blvd Detached $1,599,000 4 3.5 4661
13132 Thoma Rd Detached $2,469,900 5 4.5 5362
1677 Leslie Ln Detached $2,650,000 4 6.5 7534
17688 Upper Cherry Ln Detached $2,650,000 4 3.5+.5 5583

Pending Sales (May 6-12, 2019)

Address Type Price BR Baths Sq Ft CDOM
239 Cervantes Condo $199,000 2 2 1100 19
3433 McNary Pkwy #205 Condo $219,000 2 2 1008 14
155 Oswego Summit Condo $265,000 2 2 1506 13
48 Eagle Crest Dr 2E Condo $302,000 3 2 1623 34
4 Goya St Detached $349,900 4 3 3012 2
12866 Boones Ferry Rd Condo $385,000 2 2.5 1182 67
668 McVey Ave #12 Condo $400,000 3 1.5 992 0
4648 Rembrandt Ln Detached $460,000 3 2.5 1773 4
5385 Dawn St Detached $499,000 3 2 1513 0
50 Northview Ct Townhouse $499,900 3 2.5 2206 14
5301 Childs Rd Detached $539,900 3 2.5 1771 54
5371 Greystoke Dr Detached $545,000 3 2 1782 51
13786 Regency Ct Detached $550,000 3 2 2045 65
17763 Mardee Ave Detached $564,900 5 3 2300 3
4999 Bilford Ln Detached $579,000 3 2.5 1917 7
17651 Sydni Ct Townhouse $599,000 4 2.5 2651 62
6447 Frost St Detached $599,950 3 2.5 2227 408
1804 Oak Knoll Ct Detached $600,000 4 3 2667 418
13342 Auburn Ct Attached $614,900 3 2.5 2492 13
6 Scarborough Dr Detached $619,000 4 3 2513 5
1925 Glenmorrie Dr Detached $674,900 4 3 2697 3
17488 Mardee Ave Detached $699,900 4 2.5 2168 2
19198 Olson Ave Detached $735,000 4 2.5 2881 5
5227 Westfield Ct Detached $772,000 4 2.5 3091 4
2350 Southshore Blvd Detached $795,000 3 2.5 2236 10
14292 Meadow Grass St Detached $795,800 4 2.5 2759 5
5421 Bay Creek Dr Detached $799,900 4 2.5 3232 1
4581 Hastings Pl Detached $825,000 4 2.5 2985 5
1961 Summit Dr Detached $896,000 3 2.5 3137 51
3950 Edens Edge Dr Detached $1,249,000 4 3.5 4382 21
3127 Douglas Circle Detached $1,579,000 4 3.5 3870 170
1051 Sunningdale Rd Detached $1,695,000 4 3 4298 2

Sold/Closed (May 6-12, 2019)

Address Type List Price Sold Price Sq Ft CDOM
45 Eagle Crest Dr #204 Condo $205,000 $205,000 768 35
5225 Jean Rd Condo $299,500 $285,000 1,400 5
5911 Carman Dr Detached $320,000 $307,500 1168 7
12714 Boones Ferry Rd Detached $359,000 $334,000 996 44
1 Eagle Crest Dr Detached $389,000 $405,000 1265 5
5229 Rosewood St Detached $375,000 $407,000 1618 4
15008 Twin Fir Rd Detached $494,900 $421,500 3532 310
13369 Peters Rd Detached $599,999 $580,000 2474 179
2050 Wembley Park Rd Detached $715,000 $700,000 1868 107
5015 Parkhill St Detached $775,000 $750,000 2628 50
74 Touchstone Detached $849,000 $750,000 4584 22
15 Nansen Summit Detached $775,000 $777,000 3098 3
15585 Manchester Dr Detached $949,000 $815,000 3576 353
2286 Wembley Park Rd Detached $795,000 $825,000 2000 0
30 Hillshire Dr Detached $949,950 $875,000 3887 263

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 ~ May 13-19, 2019

Lake Oswego Academy of Dance – Meals on Wheels Fundraiser Sunday May 19! Click HERE

Here are my picks for things happening this week!

Mon, May 13 2019– 3:00PM –  Baby Sign Language ~ -Learn what your baby is trying to communicate without words…and how to communicate back!  For babies 0-18 months and their Caregivers ~ Lake Oswego Public Library/Lower Level –  Info:  CLICK HERE

Tue, May 14, 2019 –  7:00-8:00PM – Turning Oswego’s Iron into Gold ~ Marylou Colver, founder of the Lake Oswego Preservation Society, talks about Lake Oswego’s roots as an Iron-Smelting town and its metamorphosis into a high-end Residential District. She specifically discusses the role that development mogul Paul C, Murphy had o the city. ~ Lake Theater & Cafe – 106 N State St (Presented by Lake Oswego Public Library)   Info:  CLICK HERE  

Wed, May 15, 2019 – 10:00-10:30AM – First Steps in Music (ages 1-3) ~ Every Wednesday you’re invited to explore the musical potential of your family…sing, dance, play with musical instruments…and have fun! Free admission to the indoor playground afterward. ~ CCP, 1060 Chandler Rd   –Info:  CLICK HERE     

Thu, May 16, 2019 4:00-5:30PM – All Things Yarn! ~ Always wanted to learn to knit? Experienced knitter who would enjoy hanging out with other knitters??  C’mon down/drop-in every third-Thursday. All ages welcome. ~  Lake Oswego Public Library/Lower Level  –Info:   CLICK HERE

Fri, May 17, 2019 9:30-10:30AM Little Masters ~ Ages 2-5 welcome with their parents. Touch, Smell, Explore Art in your own way! Every Friday ~ CCP, 1060 Chandler Rd  – Info: CLICK HERE

Sat, May 18, 2019 – 5:00 – 8:30PM ~ Arts Council of Lake Oswego presents Art in the Garden! ~ Sip some wine and enjoy delectable food from Nicolette’s Table on Pete’s Mountain along the beautiful grounds of Tumwater Vinyards, and enjoy a silent auction as well as demonstrations of technique by five local artists. All funds will go to the Gallery Without Walls project that brings such Life to the streets of Lake Oswego, as well as ARTspace Gallery. Sponsors include:  Stoel Rives, LLP, Nicoletta’s Table, Pacific West Bank, Lake Oswego Living Magazine, and Tumwater Vineyard. ~ 375 SW Barrel House Way, West Linn, OR ~    Info & Tickets : CLICK HERE

Sun, May 19, 2019 – 9:00AM-4:30PM ~ Meals on Wheels – Academy of Dance Fundraiser Performances! ~ Enjoy full-costume performances by over 450 Lake Oswego Academy of Dance students and support this wonderful  and important program.  Lake Oswego Adult Community Center, 505 G Ave   –Info & Tickets: CLICK HERE