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 |
It’s official. We are in the full throws of the spring real estate market. Talk about a lot happening! Last week, Lake Oswego had 25 new listings come onto the market, 30 properties that went into pending status, and 20 closed sales. Whew!
Following is the breakdown for you according to RMLS:
New on the Market (April 8-14, 2019)
| Address |
Type |
Price |
BR |
Baths |
Sq Ft |
| 5911 Carman Dr |
Detached |
$320,000 |
3 |
1.5 |
1168 |
| 5229 Rosewood St |
Detached |
$375,000 |
3 |
2 |
1618 |
| 16726 Carnegie Ave |
Detached |
$449,900 |
3 |
2 |
1368 |
| 23 Mountain Circle |
Detached |
$475,000 |
2 |
2 |
1363 |
| 19060 Indian Creek Ave |
Detached |
$524,000 |
3 |
2 |
1566 |
| 4635 Rembrandt Ln |
Detached |
$549,900 |
4 |
2.5 |
2056 |
| 5222 Carman Dr |
Detached |
$594,000 |
3 |
2 |
2543 |
| 1446 Holly Springs Rd |
Condo |
$612,000 |
4 |
2.5 |
1699 |
| 86 Greenridge Ct |
Attached |
$650,000 |
4 |
3.5 |
2718 |
| 14674 Rainbow Dr |
Detached |
$669,000 |
4 |
3 |
3190 |
| 4920 Mulholland Dr |
Attached |
$699,888 |
3 |
2.5 |
2498 |
| 13962 Knaus Rd |
Detached |
$749,500 |
4 |
2 |
2476 |
| 2461 Marylhaven Pl |
Detached |
$780,000 |
5 |
3 |
3382 |
| 825 McVey Ave |
Detached |
$875,000 |
5 |
4.5 |
4284 |
| 228 Furnace St |
Detached |
$875,000 |
2 |
1 |
2530 |
| 1050 Schukart Ln |
Detached |
$1,099,000 |
4 |
3.5 |
5437 |
| 4027 Canal Woods Ct |
Detached |
$1,195,000 |
4 |
3.5 |
4232 |
| 324 9th St |
Detached |
$1,299,900 |
3 |
2.5 |
2743 |
| 4316 Upper Dr |
Detached |
$1,349,000 |
4 |
3.5 |
4376 |
| 15566 Village Park Ct |
Detached |
$1,435,000 |
4 |
3.5 |
4855 |
| 1949 Cedar Ct |
Detached |
$1,699,000 |
5 |
5.5 |
6330 |
| 17435 Wren Ct |
Detached |
$1,895,000 |
4 |
3 |
2960 |
| 831 4th St |
Detached |
$1,948,000 |
5 |
6 |
5078 |
| 2493 Southshore Blvd |
Detached |
$3,599,000 |
5 |
5.5 |
7112 |
| 3358 Lakeview Blvd |
Detached |
$4,895,000 |
5 |
4 |
5133 |
Pending Sales (April 8-14, 2019)
| Address |
Type |
Price |
BR |
Baths |
Sq Ft |
CDOM |
| 100 Kerr Pkwy #32 |
Condo |
$159,000 |
1 |
1 |
617 |
5 |
| 100 Kerr Pkwy #46 |
Condo |
$159,900 |
1 |
1 |
617 |
39 |
| 40 Crestfield Ct |
Condo |
$184,900 |
1 |
1 |
690 |
3 |
| 45 Eagle Crest Dr #204 |
Condo |
$205,000 |
1 |
1 |
768 |
35 |
| 512 S State St |
Condo |
$229,989 |
1 |
1 |
829 |
28 |
| 48 Eagle Crest Dr 3B |
Condo |
$299,500 |
2 |
2 |
1550 |
23 |
| 31 Ladd St |
Detached |
$450,000 |
3 |
1 |
867 |
48 |
| 870 Lake Forest Dr |
Detached |
$454,900 |
3 |
2.5 |
1971 |
311 |
| 14352 Sherbrook Pl |
Detached |
$475,000 |
3 |
2.5 |
1806 |
17 |
| 21 Ladd St |
Detached |
$495,000 |
3 |
1.5 |
2436 |
48 |
| 13369 Peters Rd |
Detached |
$580,000 |
4 |
2.5 |
2474 |
179 |
| 1901 Mapleleaf Ct |
Detached |
$584,900 |
4 |
3 |
2800 |
23 |
| 14751 Rainbow Dr |
Detached |
$625,000 |
5 |
2 |
1591 |
3 |
| 19134 Terry Ave |
Detached |
$625,000 |
5 |
2 |
2557 |
8 |
| 9 Juarez St |
Detached |
$679,000 |
4 |
3.5 |
2823 |
1 |
| 1193 Troon Rd |
Detached |
$699,000 |
3 |
2.5 |
2546 |
12 |
| 5450 Sterling Way |
Detached |
$719,000 |
4 |
2.5 |
2496 |
14 |
| 819 Boca Ratan Dr |
Detached |
$765,000 |
4 |
3 |
2760 |
791 |
| 1604 Campus Way |
Detached |
$769,900 |
3 |
2.5 |
2607 |
70 |
| 663 Carrera Ln |
Detached |
$775,000 |
3 |
2 |
2197 |
13 |
| 203 Hidalgo St |
Detached |
$800,000 |
4 |
3.5 |
4310 |
4 |
| 4755 Avery Ln |
Detached |
$810,000 |
4 |
2.5 |
2735 |
3 |
| 15585 Manchester Dr |
Detached |
$825,000 |
4 |
3 |
3576 |
353 |
| 74 Touchstone |
Detached |
$849,000 |
6 |
3.5 |
4584 |
22 |
| 171 C Ave |
Attached |
$859,000 |
3 |
3 |
2308 |
29 |
| 17484 Bryant Rd |
Detached |
$1,269,900 |
4 |
3.5 |
3615 |
70 |
| 862 Cedar St |
Detached |
$1,275,000 |
4 |
3.5 |
3914 |
228 |
| 885 9th St |
Detached |
$1,499,000 |
4 |
3.5 |
3757 |
2 |
| 1101 Forest Meadows Way |
Detached |
$1,998,000 |
4 |
3.5 |
5001 |
311 |
| 3258 Lakeview Blvd |
Detached |
$3,250,000 |
4 |
4.5 |
4337 |
129 |
Sold/Closed (April 8-14, 2019)
| Address |
Type |
List Price |
Sold Price |
Sq Ft |
CDOM |
| 94 Oswego Summit |
Condo |
$245,000 |
$244,000 |
1140 |
5 |
| 3972 Carman Dr |
Condo |
$299,900 |
$280,000 |
1146 |
223 |
| 5053 Foothills Dr B |
Condo |
$340,000 |
$325,000 |
1252 |
164 |
| 4434 Thunder Vista Ln |
Condo |
$339,900 |
$352,000 |
2040 |
3 |
| 19 Condolea Dr |
Condo |
$514,000 |
$514,000 |
2157 |
4 |
| 17000 Gassner Ln |
Detached |
$549,000 |
$515,000 |
1832 |
161 |
| 14425 Holly Springs Rd |
Condo |
$569,000 |
$542,000 |
2238 |
61 |
| 4582 Trillium Woods |
Attached |
$585,000 |
$579,900 |
1927 |
131 |
| 1508 Pine St |
Detached |
$569,900 |
$590,000 |
2300 |
1 |
| 981 Cumberland Pl |
Detached |
$899,000 |
$655,000 |
3339 |
292 |
| 29 Spinosa |
Detached |
$664,900 |
$665,000 |
3262 |
3 |
| 45 Da Vinci St |
Detached |
$729,900 |
$710,000 |
3122 |
4 |
| 1080 Upper Devon Ln |
Detached |
$775,000 |
$775,000 |
2512 |
5 |
| 4120 Southshore Blvd |
Detached |
$795,000 |
$820,000 |
2079 |
2 |
| 5364 Langford Ln |
Detached |
$869,999 |
$842,000 |
3022 |
32 |
| 3730 Rivers Edge Dr |
Detached |
$1,039,000 |
$1,039,000 |
3427 |
2 |
| 179 Iron Mountain Blvd |
Detached |
$1,175,000 |
$1,100,000 |
5245 |
95 |
| 17211 Blue Heron Rd |
Detached |
$1,385,000 |
$1,247,000 |
2701 |
13 |
| 3101 Westview Ct |
Detached |
$1,395,000 |
$1,269,000 |
4290 |
359 |
| 17522 Bryant Rd |
Detached |
$1,324,900 |
$1,324,900 |
3545 |
23 |
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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Spring is sprung in Lake Oswego~
Here are my picks for things happening this week!
Mon, Apr 15 2019– 4:15-5:00PM – Little Hulas ~ -Every Monday ~ Ages 3-5/Introduction to Hula! Location: CCP, 1060 Chandler Rd– Info: CLICK HERE
Tue, Apr 16, 2019 – 3:30-5:00PM – Teen Sushi & Cany-Making ~ Learn to make California Rolls *and* Candy Sushi! Also…learn about Japanese etiquette from the pros at Benihana. Sushi Waiver required ; ) ~ Lake Oswego Public Library Info: CLICK HERE
Wed, Apr 17, 2019 – 10:00-10:30PM – First Steps in Music ~ Every Wednesday Ages 1-3 ~Explore the musical potential in your family! Free admission to the indoor playground afterward! Location: CCP, 1060 Chandler Rd –Info: CLICK HERE
Thu, Apr 18, 2019 4:00PM – Understanding Italy ~ Explore history, food, cultural heritage and current issues with Professor Zagarell using themes from teh Italian Film Festival. ~ Lake Oswego Public Library ~ Info: CLICK HERE
Fri, Apr 19, 2019 11:45AM-12:15PM – Lunch! ~ Enjoy lunch woth other Lake Oswego residents every Mon, Wed & Fri! ~ Adult Community Center Info: CLICK HERE
Sat, Apr 20, 2019 – 9:00AM – 11:00AM ~ Create A Nature Play Area! ~Help build a play area in nature at Springbrook Park with other community members & families. ~ Parking: Uplands Grade School, 2055 Wembley Park Rd Info: CLICK HERE
Sun, Apr 21, 2019 – Free Day! Just kidding. Every day in Lake Oswego, or anywhere else, is a free day! Make your own choice as to how to enjoy your beautiful day in Lake Oswego. Info: (Sky’s the limit ; )
There are a total of 237 homes for sale in Lake Oswego right now. Last week 29 New properties entered the market, 16 moved to Pending status, and 15 were “Closed”/Sold.
Following is the breakdown for you according to RMLS:
NEW on Mkt (April 1-7, 2019)
| Address |
List Price |
# Beds |
# Baths |
Total SF |
Prop Type |
| 3846 BOTTICELLI ST / Grnd |
$295,000 |
2 |
1.1 |
1132 |
CONDO |
| 48 EAGLE CREST DR #2E |
$315,000 |
3 |
2 |
1623 |
CONDO |
| 48 EAGLE CREST DR #1B |
$320,000 |
3 |
2 |
1538 |
CONDO |
| 16184 LAKE FOREST BLVD |
$360,000 |
3 |
1 |
1342 |
DETACHD |
| 4410 THUNDER VISTA LN |
$364,900 |
2 |
2.1 |
2040 |
ATTACHD |
| 1310 OAK TER |
$477,000 |
3 |
1 |
897 |
DETACHD |
| 4725 JEAN RD |
$495,000 |
4 |
2 |
1433 |
DETACHD |
| 1117 HEMLOCK ST |
$525,000 |
3 |
2 |
1680 |
DETACHD |
| 6330 Shakespeare ST |
$549,900 |
4 |
3 |
1792 |
DETACHD |
| 3595 TEMPEST DR |
$589,000 |
3 |
2 |
2126 |
DETACHD |
| 13413 AUBURN CT |
$655,000 |
4 |
3.1 |
2721 |
ATTACHD |
| 327 LAUREL ST |
$749,900 |
4 |
2 |
2520 |
DETACHD |
| 1590 BONNIEBRAE DR |
$799,000 |
4 |
3 |
3163 |
DETACHD |
| 2770 WEMBLEY PARK RD |
$839,000 |
5 |
3 |
3378 |
DETACHD |
| 2585 DELLWOOD DR |
$885,000 |
4 |
3.1 |
3749 |
DETACHD |
| 530 BOCA RATAN DR |
$895,000 |
4 |
3 |
3368 |
DETACHD |
| 909 CUMBERLAND PL |
$995,000 |
4 |
3 |
3267 |
DETACHD |
| 209 RIDGEWAY RD |
$999,950 |
4 |
3.1 |
2862 |
DETACHD |
| 1111 BAYBERRY RD |
$1,098,000 |
3 |
2 |
2042 |
DETACHD |
| 3210 CHILDS RD |
$1,239,000 |
3 |
2.2 |
2936 |
DETACHD |
| 928 CEDAR ST |
$1,250,000 |
4 |
3.1 |
3182 |
DETACHD |
| 4687 FIRWOOD RD |
$1,250,000 |
3 |
2.1 |
2803 |
DETACHD |
| 272 GREENWOOD RD |
$1,295,000 |
4 |
3.1 |
3218 |
DETACHD |
| 748 6TH ST |
$1,425,000 |
3 |
3.1 |
2865 |
DETACHD |
| 408 NORTHSHORE RD |
$1,495,000 |
4 |
3.1 |
3753 |
DETACHD |
| 3102 DOUGLAS CIR |
$1,695,000 |
5 |
4.1 |
4644 |
DETACHD |
| 163 IRON MOUNTAIN BLVD |
$1,795,000 |
4 |
3.1 |
4314 |
DETACHD |
| 1688 LESLIE LN |
$1,798,000 |
4 |
4.1 |
5540 |
DETACHD |
| 1226 NORTHSHORE RD |
$6,888,000 |
4 |
5.1 |
5544 |
DETACHD |
PENDING SALES (April 1-7, 2019)
| Address |
List Price |
# Beds |
# Baths |
Total SF |
Prop Type |
CDOM |
| 81 GALEN ST / Grnd |
$170,000 |
1 |
1 |
689 |
CONDO |
69 |
| 3930 LAKE GROVE AVE #2A |
$215,000 |
2 |
1 |
952 |
CONDO |
4 |
| 71 OSWEGO SMT/Upper |
$239,000 |
2 |
2 |
1140 |
CONDO |
2 |
| 4643 LAKEVIEW BLVD / Upper |
$279,900 |
2 |
2 |
1178 |
CONDO |
43 |
| 12714 BOONES FERRY RD |
$299,000 |
3 |
1 |
996 |
DETACHD |
44 |
| 3964 CARMAN DR |
$299,900 |
2 |
2.1 |
1098 |
CONDO |
148 |
| 1410 SPRUCE ST |
$499,900 |
3 |
2 |
1242 |
DETACHD |
46 |
| 520 5TH ST |
$499,950 |
2 |
1 |
953 |
DETACHD |
5 |
| 17270 BRYANT RD |
$519,000 |
3 |
3 |
2047 |
DETACHD |
2 |
| 214 NORTHSHORE RD |
$599,000 |
2 |
1 |
1776 |
DETACHD |
2 |
| 4078 MELISSA DR |
$699,900 |
4 |
2.1 |
2691 |
DETACHD |
11 |
| 2050 WEMBLEY PARK RD |
$715,000 |
4 |
2 |
1868 |
DETACHD |
107 |
| 730 8TH ST |
$829,000 |
4 |
3 |
2395 |
DETACHD |
3 |
| 55 NORTHSHORE RD #1 |
$879,000 |
3 |
2 |
2352 |
CONDO |
15 |
| 18430 TAMAWAY DR |
$950,000 |
5 |
2.2 |
3977 |
DETACHD |
2 |
| 4146 LAKEVIEW BLVD |
$1,500,000 |
4 |
3.1 |
3279 |
DETACHD |
371 |
SOLD (April 1-7, 2019)
| Address |
Opening Price |
Closed Price |
# Beds |
# Baths |
Total SF |
Prop Type |
CDOM |
| 86 KINGSGATE RD #I-102 |
$219,900 |
$213,000 |
2 |
2 |
849 |
CONDO |
4 |
| 192 CERVANTES |
$299,000 |
$285,500 |
2 |
1.1 |
1275 |
CONDO |
10 |
| 16200 PACIFIC HWYb #6 |
$395,000 |
$392,500 |
2 |
2 |
1190 |
CONDO |
115 |
| 12802 BOONES FERRY RD |
$399,500 |
$399,500 |
3 |
2.1 |
1182 |
CONDO |
3 |
| 5079 W SUNSET DR |
$529,900 |
$520,000 |
2 |
2.1 |
1734 |
ATTACHD |
81 |
| 2440 GREENTREE RD |
$509,900 |
$530,000 |
3 |
1.1 |
1850 |
DETACHD |
3 |
| 15865 BOONES WAY |
$560,000 |
$560,000 |
3 |
2 |
1708 |
DETACHD |
0 |
| 4749 BLACK FOREST CT |
$639,900 |
$639,900 |
4 |
2.1 |
2255 |
DETACHD |
3 |
| 17890 KELOK RD |
$769,000 |
$760,000 |
4 |
2.1 |
3095 |
DETACHD |
48 |
| 15545 VILLAGE PARK CT |
$799,950 |
$773,495 |
4 |
2.1 |
2735 |
DETACHD |
24 |
| 4028 ORCHARD DR |
$825,000 |
$795,080 |
4 |
2.1 |
3343 |
DETACHD |
30 |
| 5328 LOWER DR |
$824,900 |
$830,000 |
4 |
2.1 |
2600 |
DETACHD |
1 |
| 1956 HIGHLANDS LOOP |
$1,849,000 |
$1,800,000 |
5 |
4.1 |
4641 |
DETACHD |
735 |
| 320 CHANDLER PL |
$2,695,000 |
$2,300,000 |
5 |
3.1 |
4675 |
DETACHD |
288 |
| 420 RIDGEWAY RD |
$2,695,000 |
$2,500,000 |
4 |
4 |
3505 |
DETACHD |
17 |
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.
 The City of Lake Oswego is hosting an emergency preparedness fair on April 24th, a Wednesday. It will be held from 5:30-7:30 pm at the Lake Oswego Maintenance Center (17601 Pilkington Rd).
We have no idea what sort of emergencies lay in our future. It is now well known that the Pacific Northwest has a history of huge earthquakes that on average occur every couple of hundred years and that we are now about 200 years since the last one occurred. Other potential events are flooding (that happened in 1996), severe storms, and fires. Being prepared is pretty important.
The emergency preparedness fair is going to feature about 20 booths sharing information on putting together your own preparedness kit that will address the need for supplies, food, water storage, pets, sanitation, and even CPR training.
Water is a particular concern as it is estimated that each person and pet in a household needs a gallon of water per day and that we should plan for a 14 day supply. At the preparedness fair the city will be giving out 300, 3-gallon water containers that can be used to collect water from distribution centers that, in the event of an emergency, will be set up by the city.
This sounds like a wonderful event that is free and worthwhile. See you there!
Dianne
Last week in Lake Oswego 12 new listings came onto the market, 15 properties accepted offers and went into pending status, and 16 properties became sold/closed sales.
Following is the breakdown for you according to RMLS:
New on the Market (March 25-31, 2019)
| Address |
Type |
Price |
BR |
Baths |
Sq Ft |
| 668 McVey Ave #10 |
Condo |
$329,950 |
3 |
1.5 |
992 |
| 48 Eagle Crest Dr 2C |
Condo |
$349,000 |
3 |
2 |
1623 |
| 12864 Boones Ferry Rd |
Townhouse |
$389,900 |
2 |
2.5 |
1182 |
| 38 Weatherstone |
Condo |
$395,000 |
3 |
2.5 |
1692 |
| 647 2nd St |
Attached |
$579,900 |
3 |
2 |
1457 |
| 4889 Hampton Ct |
Detached |
$634,950 |
3 |
2.5 |
2206 |
| 1193 Troon Rd |
Detached |
$699,000 |
3 |
2.5 |
2546 |
| 4078 Melissa Dr |
Detached |
$699,900 |
4 |
2.5 |
2691 |
| 663 Carrera Ln |
Detached |
$775,000 |
3 |
2 |
2197 |
| 550 Middlecrest Rd |
Detached |
$880,000 |
2 |
2.5 |
2226 |
| 13078 Fielding Rd |
Detached |
$1,500,000 |
4 |
2 |
3936 |
| 17010 Canal Circle |
Detached |
$1,595,000 |
4 |
4 |
3931 |
|
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|
Pending Sales (March 25-31, 2019)
| Address |
Type |
Price |
BR |
Baths |
Sq Ft |
CDOM |
| 10 Oswego Summit |
Condo |
$164,900 |
1 |
1 |
764 |
45 |
| 45 Eagle Crest Dr #218 |
Condo |
$179,900 |
1 |
1 |
768 |
9 |
| 5335 Jean Rd #402 |
Condo |
$299,500 |
2 |
2 |
1400 |
5 |
| 4308 Botticelli St |
Townhouse |
$384,995 |
3 |
3.5 |
2098 |
129 |
| 1 Eagle Crest Dr |
Detached |
$389,000 |
3 |
2 |
1265 |
5 |
| 668 McVey Ave #36 |
Condo |
$389,900 |
2 |
1 |
852 |
8 |
| 125 Condolea Dr |
Condo |
$475,000 |
3 |
3 |
2186 |
9 |
| 732 Ellis Ave |
Detached |
$489,000 |
3 |
2 |
1632 |
38 |
| 1901 Mapleleaf Ct |
Detached |
$584,900 |
4 |
3 |
2800 |
8 |
| 18790 Bryant Rd |
Detached |
$599,900 |
3 |
2.5 |
2489 |
17 |
| 4966 Harvard Ct |
Detached |
$639,900 |
4 |
2.5 |
3078 |
9 |
| 5736 Southwood Dr |
Detached |
$746,500 |
4 |
2.5 |
3120 |
59 |
| 19357 Riverwood Ln |
Detached |
$849,500 |
4 |
2.5 |
2916 |
5 |
| 16560 Glenwood Ct |
Detached |
$899,000 |
3 |
2.5 |
2558 |
7 |
| 1233 Cherry Ln |
Detached |
$2.099,000 |
5 |
4.5 |
6052 |
175 |
|
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Sold/Closed (March 25-31, 2019)
| Address |
Type |
List Price |
Sold Price |
Sq Ft |
CDOM |
| 47 Eagle Crest Dr #37 |
Condo |
$134,900 |
$113,000 |
672 |
68 |
| 100 Kerr Pkwy #6 |
Condo |
$174,900 |
$159,900 |
617 |
259 |
| 104 Oswego Summit |
Condo |
$170,000 |
$175,280 |
764 |
22 |
| 3343 5th St #2 |
Condo |
$250,000 |
$241,500 |
910 |
20 |
| 48 Eagle Crest Dr 5C |
Condo |
$279,000 |
$269,000 |
1443 |
104 |
| 2071 Bonniebrae Dr |
Townhouse |
$379,900 |
$379,900 |
1611 |
7 |
| 210 S State St #2 |
Condo |
$395,000 |
$385,000 |
1715 |
10 |
| 553 6th St |
Detached |
$579,000 |
$475,000 |
1390 |
158 |
| 4954 Mulholland Dr |
Attached |
$599,900 |
$600,600 |
2498 |
4 |
| 1359 Larch St |
Detached |
$685,000 |
$635,000 |
3168 |
88 |
| 17 Westridge Dr |
Detached |
$725,000 |
$698,900 |
3533 |
34 |
| 2120 Ridgewood Rd |
Detached |
$779,000 |
$766,000 |
2382 |
5 |
| 903 Ash St |
Detached |
$999,000 |
$928,125 |
2765 |
231 |
| 1628 Lake Front Rd |
Detached |
$1,080,000 |
$1,020,000 |
2470 |
35 |
| 13750 Knaus Rd |
Detached |
$1,299,000 |
$1,160,000 |
4773 |
354 |
| 13236 Amber Pl |
Detached |
$1,499,950 |
$1,490,000 |
3966 |
283 |
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.
 Spring is sprung in Lake Oswego~
Here are my picks for things happening this week!
Mon, Apr 1 2019– 1:00-1:00PM – American Mah Jongg Practice ~ -Every Monday you’re invited to join the program playing Mah Jongg in groups of 4. This is a game of skill, strategy and calculation and involves a certain degree of chance. ~ Adult Community Center – Info: CLICK HERE
Tue, Apr 2, 2019 – 7:00-8:30PM – First Tuesday Music, Featuring: Ronnie Robins/ RR2 Duo ~ Brazilian flavored originals and standards! ~ Lake Oswego Public Library Info: CLICK HERE
Wed, Apr 3, 2019 – 1:00-2:30PM – Supervised Computer lab ~ Every Wednesday you’re invited to Practice, Learn, Get Questions Answered, Download Programs You May Need etc in a fun, helpful environment. –Info: CLICK HERE
Thu, Apr 4, 2019 9:00AM-12:00PM – Sculpy Sculpture Camp! ~ Ages 8-12/Repeats every Thurs & Fri and involves building wire and tin foil armatures and covering them with sculpy! ~ CCP, 1060 Chandler Rd: Info & Registration CLICK HERE
Fri, Apr 5, 2019 1:00-2:00PM – Jottings from 5th and G ~Enthusiastic Writers and Inspired Authors are invited to join and create weekly articles submitted to the Lake Oswego Review! (Monthly 1st Fridays except the month of May)~ Adult Community Center Info: CLICK HERE
Sat, Apr 6, 2019 – 10:00AM – 4:00PM ~ 39th Annual Trillium Festival & Native Plant Sale! ~ Nature & Plant Lovers rejoice!This is the annual gala for learning and indulging in native species for wildlife habitat and more. Tryon Creek Naturak Area, 11321 SW Terwilliger Blvd. Learn more about Friends of Tryon Creek HERE. Info on the Festival: CLICK HERE
Sun, Apr 7, 2019 – 1:00PM-3:00PM ~ Iron Mt Park – Stewardship Work Party ~ Time for Spring Cleanup to remove invasive species… and enjoy wandering around in the breathtaking beauty ; ) Info: CLICK HERE
There are a total of 214 homes for sale in Lake Oswego right now. Last week 21 New properties entered the market, 25 moved to Pending status, and 18 were “Closed”/Sold.
Following is the breakdown for you according to RMLS:
NEW on Mkt (March 18-24, 2019)
| Address |
List Price |
# Beds |
# Baths |
Total SF |
Prop Type |
| 48 EAGLE CREST DR #3B |
$309,000 |
2 |
2 |
1550 |
CONDO |
| 5944 BURMA RD |
$350,000 |
3 |
1 |
1378 |
DETACHD |
| 34 WHEATHERSTONE |
$430,000 |
3 |
2.1 |
1692 |
CONDO |
| 14352 SHERBROOK PL |
$475,000 |
3 |
2.1 |
1806 |
DETACHD |
| 125 CONDOLEA DR |
$475,000 |
3 |
3 |
2186 |
CONDO |
| 71 KINGSGATE RD |
$489,900 |
3 |
2.1 |
1727 |
DETACHD |
| 5371 GREYSTOKE DR |
$569,000 |
3 |
2 |
1782 |
DETACHD |
| 1901 MAPLELEAF CT |
$584,900 |
4 |
3 |
2800 |
DETACHD |
| 14 NORTHVIEW CT |
$695,000 |
4 |
3.1 |
3279 |
ATTACHD |
| 185 FURNACE ST |
$810,000 |
2 |
2.1 |
1927 |
CONDO |
| 74 TOUCHSTONE |
$849,000 |
6 |
3.1 |
4584 |
DETACHD |
| 55 NORTHSHORE RD #1 |
$879,000 |
3 |
2 |
2352 |
CONDO |
| 1961 SUMMIT DR |
$896,000 |
3 |
2.1 |
3137 |
DETACHD |
| 5327 CARMAN GROVE LN |
$949,500 |
4 |
3 |
3125 |
DETACHD |
| 18409 OLD RIVER DR |
$969,000 |
4 |
3.1 |
3681 |
DETACHD |
| 3250 FIR RIDGE RD |
$1,300,000 |
4 |
3.1 |
3541 |
DETACHD |
| 3270 FIR RIDGE RD |
$1,395,000 |
4 |
3.1 |
3872 |
DETACHD |
| 18320 MEADOWLARK LN |
$1,799,900 |
4 |
4.2 |
6053 |
DETACHD |
| 4011 WESTBAY RD |
$1,895,000 |
4 |
3 |
4518 |
DETACHD |
| 1976 HIGHLANDS LOOP |
$1,975,000 |
4 |
3.2 |
4881 |
DETACHD |
| 19025 HILL TOP RD |
$2,279,000 |
5 |
4.1 |
5366 |
DETACHD |
PENDING SALES (March 18-24, 2019)
| Address |
List Price |
# Beds |
# Baths |
Total SF |
Prop Type |
CDOM |
| 200 BURNHAM RD #303 |
$230,000 |
2 |
1 |
1199 |
CONDO |
54 |
| 526 S STATE ST #5a |
$279,900 |
2 |
1 |
914 |
CONDO |
8 |
| 5225 JEAN RD #104 |
$288,000 |
2 |
2 |
1400 |
CONDO |
59 |
| 192 CERVANTES |
$289,000 |
2 |
1.1 |
1275 |
CONDO |
10 |
| 5053 FOOTHILLS DR #B |
$329,000 |
3 |
2 |
1252 |
CONDO |
164 |
| 19 CONDOLEA DR |
$514,000 |
2 |
2.1 |
2157 |
CONDO |
4 |
| 17620 SYDNI CT |
$525,000 |
3 |
2.1 |
2182 |
TOWNHSE |
1 |
| 15865 BOONES WAY |
$560,000 |
3 |
2 |
1708 |
DETACHD |
0 |
| 1651 LARCH ST |
$565,000 |
4 |
3 |
2225 |
DETACHD |
14 |
| 116 GREENRIDGE CT |
$575,000 |
3 |
3.1 |
2832 |
ATTACHD |
1 |
| 4582 TRILLIUM WOODS |
$579,900 |
3 |
2.1 |
1927 |
ATTACHD |
131 |
| 16835 FERNWOOD DR |
$580,000 |
4 |
2 |
1952 |
DETACHD |
39 |
| 18667 PILKINGTON RD |
$590,000 |
4 |
2.1 |
2512 |
DETACHD |
19 |
| 24 BECKET ST |
$608,000 |
4 |
2.1 |
2527 |
DETACHD |
16 |
| 1038 OAK ST |
$609,900 |
4 |
2 |
2594 |
DETACHD |
252 |
| 737 ASH ST |
$649,990 |
4 |
2 |
2428 |
DETACHD |
6 |
| 5015 PARKHILL ST |
$775,000 |
3 |
3 |
2628 |
DETACHD |
50 |
| 5200 WESTFIELD CT |
$775,000 |
4 |
2.1 |
3132 |
DETACHD |
4 |
| 15 NANSEN SMT |
$775,000 |
3 |
2.1 |
3098 |
DETACHD |
3 |
| 3335 CEDAR CT |
$975,000 |
4 |
3 |
3800 |
DETACHD |
6 |
| 805 Evergreen |
$1,199,000 |
5 |
4 |
2893 |
DETACHD |
349 |
| 951 LAKE FRONT RD |
$1,498,000 |
3 |
2.1 |
1713 |
DETACHD |
166 |
| 1973 CHERYL CT |
$1,675,000 |
5 |
4.1 |
6436 |
DETACHD |
582 |
| 1277 CHANDLER RD |
$1,998,000 |
4 |
3.1 |
4500 |
DETACHD |
471 |
| 420 RIDGEWAY RD |
$2,695,000 |
4 |
4 |
3505 |
DETACHD |
17 |
SOLD (March 18-24, 2019)
| Address |
List Price |
# Beds |
# Baths |
Total SF |
Prop Type |
CDOM |
| 200 BURNHAM RD #303 |
$230,000 |
2 |
1 |
1199 |
CONDO |
54 |
| 526 S STATE ST #5a |
$279,900 |
2 |
1 |
914 |
CONDO |
8 |
| 5225 JEAN RD #104 |
$288,000 |
2 |
2 |
1400 |
CONDO |
59 |
| 192 CERVANTES |
$289,000 |
2 |
1.1 |
1275 |
CONDO |
10 |
| 5053 FOOTHILLS DR #B |
$329,000 |
3 |
2 |
1252 |
CONDO |
164 |
| 19 CONDOLEA DR |
$514,000 |
2 |
2.1 |
2157 |
CONDO |
4 |
| 17620 SYDNI CT |
$525,000 |
3 |
2.1 |
2182 |
TOWNHSE |
1 |
| 15865 BOONES WAY |
$560,000 |
3 |
2 |
1708 |
DETACHD |
0 |
| 1651 LARCH ST |
$565,000 |
4 |
3 |
2225 |
DETACHD |
14 |
| 116 GREENRIDGE CT |
$575,000 |
3 |
3.1 |
2832 |
ATTACHD |
1 |
| 4582 TRILLIUM WOODS |
$579,900 |
3 |
2.1 |
1927 |
ATTACHD |
131 |
| 16835 FERNWOOD DR |
$580,000 |
4 |
2 |
1952 |
DETACHD |
39 |
| 18667 PILKINGTON RD |
$590,000 |
4 |
2.1 |
2512 |
DETACHD |
19 |
| 24 BECKET ST |
$608,000 |
4 |
2.1 |
2527 |
DETACHD |
16 |
| 1038 OAK ST |
$609,900 |
4 |
2 |
2594 |
DETACHD |
252 |
| 737 ASH ST |
$649,990 |
4 |
2 |
2428 |
DETACHD |
6 |
| 5015 PARKHILL ST |
$775,000 |
3 |
3 |
2628 |
DETACHD |
50 |
| 5200 WESTFIELD CT |
$775,000 |
4 |
2.1 |
3132 |
DETACHD |
4 |
| 15 NANSEN SMT |
$775,000 |
3 |
2.1 |
3098 |
DETACHD |
3 |
| 3335 CEDAR CT |
$975,000 |
4 |
3 |
3800 |
DETACHD |
6 |
| 805 Evergreen |
$1,199,000 |
5 |
4 |
2893 |
DETACHD |
349 |
| 951 LAKE FRONT RD |
$1,498,000 |
3 |
2.1 |
1713 |
DETACHD |
166 |
| 1973 CHERYL CT |
$1,675,000 |
5 |
4.1 |
6436 |
DETACHD |
582 |
| 1277 CHANDLER RD |
$1,998,000 |
4 |
3.1 |
4500 |
DETACHD |
471 |
| 420 RIDGEWAY RD |
$2,695,000 |
4 |
4 |
3505 |
DETACHD |
17 |
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.
 I often tell first-time buyers that an excellent goal is to be able to keep that first house as a rental as opposed to selling it. Interest rates on owner-occupied mortgages are generally lower and a house can be purchased with a smaller down payment if you are buying it as your primary residence. If all of us could keep every home we have ever purchased, we could, over our lifetimes, gradually build quite a portfolio of rental properties. Of course life has a way of occurring differently than planned, but the general concept is a good one.
Linda and I both work quite a lot with investors who purchase and sell rental properties. It is a different experience than when you are buying a home to live in. Considerations have to be made about whether or not the property can be rented. This is especially true with condominiums. Many Home Owner’s Associations have restrictions on renting. It’s also important to know that within the city limits of Lake Oswego short-term rentals, considered to be for less than 30 days, are not allowed. This means no airbnb or vacation rentals are allowed.
Now comes an entirely new twist. The State of Oregon has just enacted rental restrictions related to rent increases and evictions. I am not going to claim to be an expert, but I do have a general idea of what is going on. More importantly, I can direct you to a great resource with someone who is an expert.
 First, what’s going on. Rental increases are now restricted to not more than 7% plus the rate of inflation in any one year. This is actually quite a lot. But if you are working with a property that is grossly under rented, it will take time to bring the rent in line with market value. It also means that if you own rentals that you will eventually be selling, you should be doing rent increases while you own the property so that when you go to sell it, the rents will be in line with the market.
Second, no cause evictions are now pretty much non existent. During the first twelve months of a tenancy a tenant can still be evicted without cause. Without cause means you can give notice that the tenant has to move out and not state why. You are simply demanding that they move. That’s it. But on day 366 of the tenancy the no cause eviction is no longer allowed. This means that evicting a tenant will require that you give a reason that falls within the allowed parameters. With cause can include non-payment of rent, damage that they’ve done to the property, if a government agency has determined that the property is not safe to live in, etc. One reason that you can not use as cause for eviction? That you plan to sell the house. So if you have a rental property that you plan to sell, it has to be put onto the market with the tenant in place. A tenant can choose to move when they learn the house is going to be sold. The restriction is on the landlord, not the tenant. If you get an offer from someone who intends to move into the property as their primary residence, then you can evict them. But if your buyer intends to also hold the property as a rental, then the tenant can not be evicted and the tenant will continue to live in the property after it is sold.
As you can see, it’s pretty complicated. I am not an attorney and with landlord tenant law that you have questions about, you really should consult an attorney. This brings me to a wonderful resource that I have been given permission to pass along. I met an attorney this past week whose entire practice is built on representing landlords. He does not represent tenants. He also only gives advice to his clients, so he won’t do a consultation for free. He does however have a great website that has lots of information that is available at no charge. He is Tim Murphy of Murphy Law Group P.C., and his website is www.oregonlandlord.net. On his website he has summation material about the new Oregon law as well as the new laws that are in effect in the City of Portland.
I hope you have found this helpful. As always, thanks for reading.
Dianne
Last week in Lake Oswego 18 new listings came onto the market, 24 properties accepted offers and went into pending status, and 10 properties became sold/closed sales.
Following is the breakdown for you according to RMLS:
New on the Market (March 11-17, 2019)
| Address |
Type |
Price |
BR |
Baths |
Sq Ft |
| 45 Eagle Crest Dr #218 |
Condo |
$179,900 |
1 |
1 |
768 |
| 512 S State St |
Condo |
$229,989 |
1 |
1 |
829 |
| 3814 Botticelli St |
Condo |
$279,000 |
2 |
2 |
1055 |
| 526 S State St 5a |
Condo |
$279,900 |
2 |
1 |
914 |
| 5054 Foothills Dr D |
Condo |
$345,000 |
2 |
2 |
1252 |
| 17606 Sydni Ct |
Townhouse |
$575,000 |
3 |
2.5 |
2442 |
| 336 Livingood Ln |
Detached |
$575,000 |
4 |
2.5 |
2392 |
| 737 Ash St |
Detached |
$649,990 |
4 |
2 |
2428 |
| 15 Nansen Summit |
Detached |
$775,000 |
3 |
2.5 |
3098 |
| 14183 Taylors Crest Ln |
Detached |
$799,000 |
4 |
2.5 |
3551 |
| 554 Luce Ln |
Detached |
$799,900 |
4 |
3 |
3269 |
| 171 C Ave |
Attached |
$879,000 |
3 |
3 |
2308 |
| 335 Cedar Ct |
Detached |
$975,000 |
4 |
3 |
3800 |
| 1385 Morning Sky Ct |
Detached |
$1,240,000 |
3 |
2.5 |
3690 |
| 2013 Ridgewood Rd |
Detached |
$1,248,000 |
5 |
3.5 |
4327 |
| 1835 Cedar Ct |
Detached |
$1,249,000 |
3 |
3.5 |
3165 |
| 1949 Cedar Ct |
Detached |
$1,745,000 |
5 |
5.5 |
6330 |
| 2260 Summit Ct |
Detached |
$2,158,000 |
5 |
4.5 |
3797 |
Pending Sales (March 11-17, 2019)
| Address |
Type |
Price |
BR |
Baths |
Sq Ft |
CDOM |
| 47 Eagle Crest Dr #37 |
Condo |
$115,000 |
1 |
1 |
672 |
68 |
| 86 Kingsgate Rd I-102 |
Condo |
$219,900 |
2 |
2 |
849 |
4 |
| 3972 Carman Dr |
Condo |
$299,900 |
2 |
2.5 |
1146 |
223 |
| 4434 Thunder Vista Ln |
Condo |
$339,900 |
2 |
2.5 |
2040 |
3 |
| 1589 Boca Ratan Dr |
Townhouse |
$378,500 |
3 |
2 |
1611 |
37 |
| 4433 Thunder Vista Ln |
Condo |
$379,000 |
3 |
2.5 |
2002 |
177 |
| 12884 Boones Ferry Rd |
Condo |
$395,000 |
2 |
2.5 |
1182 |
11 |
| 16200 Pacific Hwy #6 |
Condo |
$395,000 |
2 |
2 |
1190 |
115 |
| 18430 Terry Ave |
Detached |
$460,000 |
3 |
2 |
1568 |
5 |
| 17297 Bryant Rd |
Detached |
$529,000 |
3 |
2 |
1428 |
51 |
| 13371 Peters Rd |
Detached |
$549,900 |
3 |
2.5 |
2340 |
25 |
| 5835 Langford Ln |
Detached |
$560,000 |
2 |
2 |
1850 |
11 |
| 515 Atwater Rd |
Detached |
$637,625 |
3 |
2.5 |
2746 |
37 |
| 5725 Southwood Dr |
Detached |
$687,000 |
4 |
2.5 |
2406 |
3 |
| 332 Lakewood Rd |
Detached |
$700,000 |
3 |
1.5+.5 |
2242 |
0 |
| 981 Cumberland Pl |
Detached |
$725,000 |
4 |
2 |
3339 |
292 |
| 2025 Glenmorrie Ln |
Detached |
$780,000 |
3 |
2 |
2652 |
25 |
| 17479 Brookhurst Dr |
Detached |
$810,000 |
4 |
2.5 |
3711 |
2 |
| 6048 Lakeview Blvd |
Detached |
$849,000 |
4 |
2.5 |
2640 |
128 |
| 6044 Clairmont Ct |
Detached |
$880,000 |
4 |
2.5 |
3430 |
177 |
| 17494 Lake Haven Dr |
Detached |
$950,000 |
2 |
2 |
2121 |
279 |
| 892 8th St |
Detached |
$1,250,000 |
4 |
3.5 |
2747 |
242 |
| 407 G Ave |
Detached |
$1,980,000 |
4 |
3.5 |
4635 |
12 |
| 320 Chandler Pl |
Detached |
$2,395,000 |
5 |
3.5 |
4675 |
288 |
Sold/Closed (March 11-17, 2019)
| Address |
Type |
List Price |
Sold Price |
Sq Ft |
CDOM |
| 63 Oswego Summit |
Condo |
$179,900 |
$185,000 |
1058 |
3 |
| 218 Ridgeway Rd |
Condo |
$284,000 |
$279,700 |
914 |
18 |
| 293 Cervantes |
Townhouse |
$350,000 |
$330,000 |
1384 |
77 |
| 17156 Rebecca Ln |
Detached |
$545,000 |
$534,000 |
2026 |
43 |
| 1010 Upper Devon Ln |
Detached |
$699,000 |
$630,000 |
3068 |
144 |
| 5474 Bay Creek Dr |
Detached |
$649,900 |
$640,000 |
2322 |
15 |
| 18048 Eastridge Ln |
Detached |
$1,375,000 |
$974,903 |
4336 |
426 |
| 1451 Horseshoe Curve |
Detached |
$1,198,000 |
$1,163,000 |
2062 |
13 |
| 1122 Bayberry Rd |
Detached |
$1,498,000 |
$1,425,000 |
3259 |
19 |
| 3130 Douglas Circle |
Detached |
$1,595,000 |
$1,500,000 |
4063 |
189 |
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.
 Here is your look at the most recent data for the entire Portland area (Feb 2019) and how Lake Oswego fits in to this picture just below.
According to the RMLS Market Action Report for the Portland Metro Area, February, 2019:
- There were 2,444 New Listings in February 2019 which was down 3.4% from February of 2018’s 2,530, and also down a whopping 19.8% from the previous month/January’s total of 3,048. ***This was the coolest February since 2014 when the New Listings in Feb were 2,354.
- At 1,726 February 2019’s Closed Sales were mixed. They cooled 4.4% from February 2018’s 1,806, BUT, rose a substantial 19.0 % from the previous month/Jan 2019’s total of 1,451.
- February 2019’s Pending Sales (accepted offers), at 2,208 were also mixed: Down 5.5% down from February of 2018’s 2,337, AND, ahead 8.0% from the previous month/Jan 2019’s total of 2,045.
- The Average Sale Price in February 2019 of $441,100 was basically unchanged/down just slightly ($800.00!) from last year/February 2018’s $441,900, and up from the previous month/Jan 2019’s $435,600 by $5,500.
- The “Median” Sale Price (so…the price smack dab in the middle of all sales) in February 2019 of $399,900 was up $14,900.00 from last year/February 2018’s $385,000, and also up about the same, $15,000, from the previous month/Jan 2019’s $384,900.
Neighborhoods: February’s Average Sale Price + 12-month Appreciation :
- North Portland: $427,800 2.5% (Jan 403,900)
- NE Portland: $462,400 3.2% (Jan 439,500)
- SE Portland: $404,600 4.5% (Jan 390,000)
- Gresham/Troutdale: $348,400 5.7% (Jan 349,300)
- Milwaukie/Clackamas: $413,800 3.0% (Jan 410,500)
- Oregon City/Canby: $424,700 7.0% (Jan 397,100 )
- Lake Oswego/West Linn:$677,000 1.9% (Jan 664,200)
- West Portland: $551,000 1.7% (Jan 589,800)
- NW Wash County: $504,300 1.3% (Jan 559,600)
- Beaverton/Aloha: $413,800 8.6% (Jan 393,900)
- Tigard/Wilsonville: $469,400 6.5% (Jan 440,100)
- Hillsboro/Forest Grove: $379,600 5.0% (Jan 391,500 )
LAKE OSWEGO:
The combined areas of Lake Oswego and West Linn for the month of February 2019 reported:
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- 317 Active Listings (Jan 299 )
- 156 New Listings (Jan 185)
- 103 Pending Sales (Jan 94)
- 81 Closed Sales (Jan 82)
- Average Sale Price for February: $677,000 (Jan $664,200)
- 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.
- 108 Average Days on the Market (Jan 76)
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