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 ~ Aug 6-12, 2018

Last week 26 New properties entered the market in Lake Oswego, 32 moved to Pending status, and 19 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Aug 6-12, 2018)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY #31 $159,000 1 1 618 CONDO
92 GALEN ST / Upper $189,000 1 1 689 CONDO
104 OSWEGO SMT #104 $195,000 1 1 764 CONDO
4 TOUCHSTONE #113 $229,000 2 2 984 CONDO
213 OSWEGO SMT / Upper $245,000 2 2 1383 CONDO
3808 BOTTICELLI ST $274,500 3 2 1224 CONDO
247 CERVANTES / Upper $320,000 2 2 1384 CONDO
104 GREENRIDGE CT $385,000 3 2 1728 ATTACHD
240 GREENRIDGE DR $425,000 3 2 1514 ATTACHD
72 WHEATHERSTONE $439,900 3 3.1 2465 CONDO
7 SUMMIT RIDGE CT $445,000 2 2.1 1704 ATTACHD
110 KINGSGATE RD $499,900 3 2.1 1669 DETACHD
5105 ROSEWOOD ST $549,900 4 2 1848 DETACHD
16942 CANAL CIR $675,000 3 2 1551 DETACHD
2719 GREENTREE RD $689,000 5 3.1 3886 DETACHD
17436 Wren CT $715,000 3 3 2311 DETACHD
1830 CLOVERLEAF RD $729,000 3 2.1 1857 DETACHD
18238 TAMAWAY DR $729,900 5 3 5504 DETACHD
17401 UPPER CHERRY LN $750,000 4 3.1 3791 DETACHD
725 10TH ST $795,000 3 2 2016 DETACHD
17323 LAKE HAVEN DR $799,000 3 2.1 1897 DETACHD
19413 LORNA LN $1,099,000 3 2.1 3838 DETACHD
18650 STAFFORD RD $1,100,000 4 2.1 2840 DETACHD
35 HIDALGO ST $1,100,000 3 3.1 3926 DETACHD
1099 TERRACE DR $1,749,000 5 4.1 4965 DETACHD
17566 BLUE HERON CT AUCTION 4 3 3412 DETACHD

PENDING SALES (Aug 6-12, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #30 $166,500 1 1 617 CONDO 6
92 OSWEGO SMT #92 $175,000 1 1 764 CONDO 2
86 KINGSGATE RD H203 $215,000 2 2 849 CONDO 25
109 OSWEGO SMT / Upper $234,900 2 2 1212 CONDO 4
209 OSWEGO SMT / Upper $250,000 2 2 1383 CONDO 27
203 CERVANTES / Upper $280,000 2 2 1100 CONDO 28
750 1ST ST A-10 $289,900 2 2 1350 CONDO 11
4000 CARMAN DR C-49 $297,500 2 1.1 1004 CONDO 61
5225 JEAN RD #501 $349,900 3 2 1500 CONDO 6
1218 LAUREL ST $419,000 4 2 1485 DETACHD 24
4837 REDWING WAY $429,900 3 1.1 1180 DETACHD 3
4366 WOODSIDE CIR $437,500 3 2.1 1963 ATTACHD 26
1115 OAK TER $498,000 4 2.1 1880 DETACHD 12
4862 INDIAN CREEK CT $499,990 3 2 1390 DETACHD 45
26 PARTRIDGE LN $550,000 4 3 2464 DETACHD 4
775 BOCA RATAN DR $550,000 4 3.1 2710 DETACHD 74
553 6TH ST $579,000 1 1 1876 DETACHD 1
31 WESTRIDGE DR $619,000 5 2.1 3492 DETACHD 5
2401 HILLSIDE DR $649,900 4 3 3342 DETACHD 15
1435 GREENTREE CIR $650,000 4 2.1 2269 DETACHD 2
1445 GREENTREE CIR $675,000 4 3 2842 DETACHD 37
13984 CHELSEA DR $824,900 4 2.1 3216 DETACHD 86
17851 WESTVIEW DR $848,000 4 3.1 3433 DETACHD 146
13188 TWIN CREEK CT $859,000 4 2.1 3480 DETACHD 20
927 OAK ST $875,000 5 3.1 2864 DETACHD 50
16987 ALDER CIR $879,000 2 2.1 1991 DETACHD 274
17660 STAFFORD RD $975,000 5 3.1 3313 DETACHD 0
13857 AMBERWOOD CIR $995,000 4 2.1 3916 DETACHD 7
1563 BAY VIEW LN $1,098,000 5 4.1 5615 DETACHD 396
817 HOODVIEW LN $1,369,000 5 4 4141 DETACHD 1050
1056 BAYBERRY RD $1,549,000 4 4 3805 DETACHD 124
17210 CEDAR RD $2,095,000 4 3 2813 DETACHD 40

SOLD (Aug 6-12, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD D103 $222,900 $223,000 2 2 924 CONDO 4
5064 FOOTHILLS DR F $359,900 $335,000 2 2 1252 CONDO 61
5751 WASHINGTON CT $500,000 $409,500 5 2 2120 DETACHD 4
55 NORTHSHORE RD #9 $450,000 $440,000 2 1.1 2025 CONDO 385
668 MCVEY AVE #54 $499,000 $490,000 3 1.1 992 CONDO 48
28 NORTHVIEW CT $500,000 $500,000 3 3 2092 ATTACHD 63
622 CLARA CT $552,000 $552,000 4 2 2236 DETACHD 75
1179 LARCH ST $609,900 $605,000 3 2 3206 DETACHD 6
5117 GREENSBOROUGH CT $650,000 $623,290 3 2.1 1560 DETACHD 30
5540 BAY CREEK DR $675,000 $632,000 3 3 2130 DETACHD 46
17020 CHAPIN WAY $684,900 $663,000 4 3 3258 DETACHD 9
5685 CHARLES CIR $700,000 $692,500 4 2 2542 DETACHD 5
2251 SUMMIT DR $769,000 $737,000 4 3 2874 DETACHD 56
5853 SOUTHWOOD DR $849,000 $805,000 5 2.1 3707 DETACHD 48
3155 UPPER DR $1,175,000 $1,100,000 4 3 3016 DETACHD 39
3540 RED CEDAR WAY $1,150,000 $1,125,000 5 3.1 4023 DETACHD 15
18296 MEADOWLARK LN $1,698,000 $1,660,000 5 3.1 5770 DETACHD 84
1093 CHANDLER RD $2,200,000 $2,000,000 5 4.1 5331 DETACHD 176
340 RIDGEWAY RD $2,230,000 $2,230,000 4 4 4411 DETACHD 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.

2018 Street of Dreams

What was old is new again, that is if it’s from the 1980’s.

I had the pleasure of touring this year’s Street of Dreams this week. There are six homes in this years tour plus a tiny home that is being auctioned to help veteran’s organizations. These homes are absolutely stunning. I love the Street of Dreams because the homes are so gorgeous. I like to see the architecture, I like to see the finish details, I like to see the furnishings. It’s a window in what is popular now, but also what is coming in the year ahead.

I go through the houses looking for trends. This year the trends that caught my eye really reflect a return to things that were popular in the 80’s. Along with those 80’s repeats, here is my list of the trends I observed this year.

Wood paneling Yep, wood paneling. Nearly every home had a wall somewhere in the house with wood paneling. In one house there was even a ceiling that was finished with wood paneling. Oh my goodness, we are so going to be yanking this wood all out in about 15 years.

There is some of the most extraordinary tile in these houses. Truly beautiful. One house in particular had tile in the master shower that had at least an inch of depth variety on it’s surface. It reminded me of moving water. I loved it!

Tile with that slightly Mediterranean, unidentifiable pattern Don’t get me wrong, it’s beautiful, but it’s a big commitment. Sometimes with bold colors it will look good and be popular this year, but I think it will grow old fast. Wouldn’t it be easier to buy a nice rug?

Sliding barn doors Oh my goodness, so many sliding barn doors. These have been around for a few years now. I was pretty skeptical about them when I first saw them at the Street of Dreams in Lake Oswego about 8 years ago, but they are a trend that has lasted and remains popular. And, with time, I’ve grown to like them more than I did at first. There were lots and lots of them this year. Maybe even, dare I say, too many?

Stunning kitchens Kitchens are one of the prime reasons to visit the Street of Dreams and this year the kitchens do not disappoint. All of the homes have kitchens with either a big walk-n pantry, or with literally a second full kitchen just in back. These homes are designed for large entertaining. As someone who likes to throw big parties, I can totally see the usefulness of this design. You have space for cooking and entertaining at the big cooking islands and you also have a space for the food you have prepared ahead to be set out and ready to serve without being in the way. Love it!

Great outdoor spaces All of the homes have beautiful outdoor kitchens with fireplaces and outdoor furniture that makes them feel like a living room under the stars. I love this feature and want to see it in every home!

Located on “The Reserve” golf course, it is a beautiful setting. Although I will mention that the master bedroom in one house already had a broken window from what I suspect was an errant golf ball.

My last observation is about the prices. Although on one house the price was not listed, the five where the price was disclosed were all either just above or just below $2,000,000. I find myself wondering, does this location warrant $2,000,000? For $2,000,000 you can live on the main lake in Lake Oswego. You can live on a vineyard in Newberg. You can have a luxurious mansion in the West Hills. It seems a bit bold to price point at $2,000,000 in this location. We shall see. I don’t think the builders of these homes would have put out the investment in this location that they have if they felt that there is risk. I will wait and see what the market says as the sale of these homes happens.

I do encourage you to go to this year’s Street of Dreams. It makes for a very nice afternoon and who knows, it may inspire you to take on that home improvement project that you’ve been dreaming about.
Dianne

Market Activity July 30-Aug 5, 2018

The real estate market is chugging right along. Yes, it’s off a bit from the peak in June, but numbers last week remain healthy and strong. Here in Lake Oswego we had 21 new listings, 29 pending sales, and 21 closed/sold properties. It’s both a good time to buy and a good time to sell. If you are trying to make the move before school starts, the time is NOW!

Following is the breakdown for you according to RMLS:

New on the Market (July 30-Aug 5, 2018)

Address Type Price BR Baths Sq Ft
85 Oswego Summit Condo $243,000 2 2 1212
3692 Spring Ln 3C Condo $275,000 2 2 1117
750 1st ST A-10 Condo $289,900 2 2 1350
15230 Boones Way Condo $295,000 2 2 1185
3972 Carman Dr Condo $339,900 2 3 1146
34 Wheatherstone #17 Condo $410,000 3 2.5 1692
40 Wheatherstone Condo $429,000 3 2.5 1692
16800 Lakeridge Dr Detached $524,900 5 2.5 2160
652 D Ave Detached $579,900 2 2 1320
2340 Oakhurst Ln Detached $625,000 3 2.5 2860
4 Essex Ct Detached $629,000 4 2.5 2835
13055 Princeton Ct Detached $675,000 4 2.5 3142
767 10th St Detached $799,900 4 2 2820
181 3rd St #5 Condo $975,000 2 2 1725
13857 Amberwood Circle Detached $995,000 4 2.5 3916
18140 Pioneer Ct Detached $995,000 4 3 2524
650 1st St Condo $1,150,000 3 2.5 2767
17951 Meadowlark Ln Detached $1,299,000 4 3.5+.5 5065
17342 Ridgeview Ct Detached $1,450,000 4 3.5 4238
3130 Douglas Circle Detached $1,698,800 4 3.5 4063
17763 Kelok Rd Detached $1,699,000 4 4 3840

Pending Sales (July 30-Aug 5, 2018)

Address Type Price BR Baths Sq Ft CDOM
4 Touchstone #122 Condo $175,000 2 2 984 44
47 Eagle Crest Dr #15 Condo $185,000 2 1 1009 8
4 Touchstone #123 Condo $199,949 3 2.5 1351 12
520 S State St 5B Condo $235,000 2 1 914 106
200 Burnham Rd #207 Condo $235,000 2 1 1202 11
12 Oswego Summit Condo $244,000 2 2 1140 46
236 Ridgeway Rd 16A Condo $250,000 2 1 914 10
6924 Montauk Circle Condo $267,000 3 2 1092 29
9 Oriole Ln Detached $419,888 3 3 1928 136
9 Juarez Ln Detached $419,888 3 3 1928 136
16624 Roosevelt Ave Detached $479,900 2 2 2802 81
1841 Cloverleaf Rd Detached $495,000 5 3 2190 37
1660 Woodland Terrace Detached $499,000 4 3 2728 168
1714 Greentree Rd Detached $549,900 4 3 3110 167
1699 Parrish St Detached $550,000 3 3 1820 4
15451 Tanager Dr Detached $577,000 2 2 1970 7
3615 Upper Dr Detached $585,000 3 2 1529 3
5564 Bonita Rd Detached $619,000 3 2.5 2435 71
17790 Overlook Circle Detached $639,900 3 3 3480 69
17415 Upper Cherry Ln Detached $649,000 4 3.5 3396 36
16202 Waluga Dr Detached $650,000 1 1 612 2
17036 Crestview Dr Detached $675,000 4 3 2768 46
18028 Westminster Dr Detached $710,000 4 3.5 4501 116
14274 Kimberly Circle Detached $795,000 4 2.5 3231 70
3056 Wembley Park Rd Detached $965,000 4 2.5 2611 26
18955 Bryant Rd Detached $989,000 4 2.5 3647 73
14117 Barrington Ct Detached $1,095,000 4 3 3503 19
820 Fairway Rd Detached $1,224,000 4 3.5 3758 36
157 6th St Detached $1,650,000 4 3.5 3614 258

Sold/Closed (July 30-Aug 5, 2018)

Address Type List Price Sold Price Sq Ft CDOM
100 Kerr Pkwy #51 Condo $169,000 $165,000 620 37
48 Eagle Crest Dr 1C Condo $285,000 $280,000 1370 25
16880 Cortez Ct Detached $395,000 $365,000 1991 68
17839 Tamara Ave Detached $445,000 $427,000 1562 14
8 Bernini Ct Detached $485,000 $500,000 1465 7
14273 Amberwood Circle Detached $549,000 $516,000 2350 4
1581 Woodland Terrace Detached $549,000 $546,500 2072 26
5582 Yorkshire Pl Detached $589,900 $580,000 2302 4
18 Juarez St Detached $595,000 $591,500 2521 10
4654 Auburn Ln Attached $620,000 $610,000 2732 171
4220 Albert Circle Detached $615,000 $614,000 2405 20
4910 Lower Dr Detached $659,900 $650,000 2151 196
17423 Oak Meadow Ln Detached $734,000 $710,000 3125 132
12814 Sierra Vista Dr Detached $750,000 $745,000 3050 2
2110 Greentree Rd Detached $849,000 $849,000 2908 0
4145 Chad Dr Detached $929,900 $892,000 3337 20
5416 Southwood Dr Detached $899,900 $920,000 3340 3
18493 Ray Ridge Dr Detached $1,200,000 $1,050,000 4367 43
2912 Wembley Park Rd Detached $1,450,000 $1,375,000 4389 143
1903 Egan Way Detached $1,448,000 $1,436,640 2795 5
1115 Lake Front Rd Detached $2,245,000 $1,900,000 4245 56

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

This Week in Lake Oswego

This week (as most weeks) there are tons of activities to choose from in Lake Oswego, and/but everyone is gearing up for Tuesday’s Neighborhood Parties for National Night Out!

Here are my picks for things happening this week! (I stayed away from meetings and focused on mostly family fun : )

Mon, Aug 6 2018– 2-3PM – Be a Rock Star ~ School of Rock! -Explore Drums, Bass, Guitar and more! (3 Days, Mon-Wed, Ages K-5) Lake Oswego Library CLICK HERE

Tue, Aug 7, 2018 – National Night Out Neighborhood Parties!!! 5-9PM –  Enjoy this annual event celebrated in style all over Lake Oswego! Meet your neighbors & just have a good time. – Check out all the neighborhood party details here:    CLICK HERE  

Wed, Aug 8, 2018 6:30-8:30PM – Sounds of Summer ~ Westlake Park Concert ***Featuring: Ants in the Kitchen & LaRhonda Steele  CLICK HERE

Thu, Aug 9, 2018 – 8:30PM – Movies in the Park at Millenium Park Plaza – Bring the kids down for Coco ! Info:  CLICK HERE      Trailer HERE

Fri, Aug 10, 2018 1-3PM (every Friday )- Pinochle– Adult Community Center  CLICK HERE

 

 

Market Activity ~ July 23-29, 2018

Last week 16 New properties entered the market in Lake Oswego, 19 moved to Pending status, and 17 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (July 23-29, 2018)

Address List Price # Beds # Baths Total SF Prop Type
47 EAGLE CREST DR #15 $185,000 2 1 1009 CONDO
1115 OAK TER $498,000 4 2.1 1880 DETACHD
1698 ASPEN ST $549,000 3 3 2668 DETACHD
5885 DOVE CT $559,000 3 3 1800 DETACHD
2401 HILLSIDE DR $649,900 4 3 3342 DETACHD
12 DA VINCI ST $785,000 4 3 2959 DETACHD
5561 KILCHURN AVE $799,888 4 2.1 2803 DETACHD
2051 WEMBLEY PARK RD $849,000 2 2 1196 DETACHD
5064 HASTINGS DR $879,000 4 2.1 3739 DETACHD
15545 VILLAGE PARK CT $895,500 4 2.1 2745 DETACHD
17596 GREEN BLUFF DR $989,500 4 2.1 3039 DETACHD
851 9TH ST $1,250,000 4 2.1 2753 DETACHD
3210 CHILDS RD $1,270,000 3 2.2 2936 DETACHD
2445 GLENMORRIE DR $1,525,000 5 4.2 5168 DETACHD
310 CHANDLER PL $2,150,000 4 3.1 4200 DETACHD
3072 LAKEVIEW BLVD $3,988,000 4 5 4500 DETACHD

PENDING SALES (July 23-29, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #99 $210,000 2 2 984 CONDO 25
4095 JEFFERSON PKWY $379,500 2 2.1 1710 CONDO 26
16060 BONAIRE AVE $389,000 3 1 960 DETACHD 3
12868 BOONES FERRY RD $389,900 2 2.1 1136 CONDO 63
45 GREENRIDGE CT $394,900 3 2.1 1645 TOWNHSE 36
6137 Childs RD $421,000 3 1 946 DETACHD 6
17268 FERNWOOD DR $525,000 3 2 2086 DETACHD 73
3585 LAKE GROVE AVE $550,000 4 2 1575 DETACHD 46
50 AQUINAS ST $585,000 4 2.1 2415 DETACHD 9
5835 RIDGETOP CT $598,000 4 2.1 2375 DETACHD 118
17020 CHAPIN WAY $684,900 4 3 3258 DETACHD 9
4804 HERITAGE LN $739,000 4 2.1 2458 DETACHD 6
17453 OAK MEADOW LN $799,990 4 2.1 3294 DETACHD 8
2107 GOODALL CT $1,059,000 4 3 3029 DETACHD 82
4450 UPPER DR $1,100,000 3 1 2580 DETACHD 12
13348 LESLIE CT $1,200,000 4 2.1 3863 DETACHD 40
17432 KELOK RD $1,249,000 4 2.1 3023 DETACHD 68
17108 CHAPIN WAY $1,395,000 4 4 4474 DETACHD 89
1093 CHANDLER RD $2,095,000 5 4.1 5331 DETACHD 176

SOLD (July 23-29, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
65 GALEN ST / Grnd $169,900 $172,500 1 1 690 CONDO 26
16250 PACIFIC HWY #51 $192,500 $187,500 1 1 841 CONDO 44
4000 CARMAN DR E82 $199,023 $195,000 2 1 827 CONDO 7
153 OSWEGO SMT / Grnd $224,153 $210,000 2 2 1383 CONDO 57
16250 PACIFIC HWY #76 $325,000 $325,000 3 2 1745 CONDO 117
1120 BOCA RATAN DR $360,000 $366,000 3 2 1611 ATTACHD 6
18821 LONGFELLOW AVE $389,000 $389,000 3 1 946 DETACHD 17
84 GREENRIDGE CT $459,900 $435,000 4 2.1 2868 ATTACHD 158
49 TANGLEWOOD DR $595,000 $570,000 4 2.1 2491 DETACHD 24
710 BRIERCLIFF LN $585,000 $590,000 3 2.1 1906 DETACHD 4
14636 DORIS AVE $725,000 $760,000 3 2 2451 DETACHD 2
2398 PALISADES CREST DR $829,900 $786,000 4 2.1 3362 DETACHD 18
154 BERWICK RD $839,000 $839,000 5 3.1 3020 DETACHD 5
1565 PINE ST $950,000 $950,000 4 2 2830 DETACHD 32
4749 UPPER DR $1,199,000 $1,140,000 4 2.1 3285 DETACHD 171
1620 FERNWOOD DR $1,199,900 $1,280,530 3 3.1 3371 DETACHD 47
400 IRON MOUNTAIN BLVD $1,799,000 $1,675,000 4 3.1 4258 DETACHD 105

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.

Open House today 1-4!

Now’s your chance to come and see this gorgeous Lake Oswego home! I’ll be holding it open today from 1-4pm. Follow my signs from Boones Ferry Rd at Twin Fir to 2990 Glen Eagles Rd.

This house features a great room floor plan with 4 bedrooms, 2.5 baths, a den and a bonus/family room. It is good sized at 3787 square feet. Listed at $1,150,000 that is just $303 per square foot and one of the best values in newer construction in Lake Oswego. It is a tremendous value! Built in 2010, it has gorgeous woodwork that includes wainscoting, custom cabinets and hardwood floors. The kitchen is huge and has a commercial-size Jenn-aire range, granite counters, and a massive cooking island. This is a kitchen that is ideal for big gatherings of people and amazing entertaining.

Did I mention that it is on over a third of an acre? This is super rare as new homes are usually built on much smaller lots. To find a newer home, on a big lot, is very special. In addition the house has access to 4, yes, that’s right, 4, boating easements.

I am very exciting to be holding this house open today. The only thing that would make it better is if you come and see this house! Oh yeah, it’s air conditioned. Bonus!

I hope to see you,
Dianne

Market Activity July 16-22, 2018

Just as I was getting used to the idea that we are in the dog days of summer a week happens that goes gang busters! Last week in Lake Oswego there were 32 genuinely new listings, 27 houses that went into pending status, and 18 sold/closed properties. That’s a big week!

Following is the breakdown for you according to RMLS:

New on the Market (July 16-22, 2018)

Address Type Price BR Baths Sq Ft
4 Touchstone #123 Condo $199,949 3 2.5 1351
200 Burnham Rd #207 Condo $235,000 2 1 1202
15938 Quarry Rd B-4 Condo $242,500 2 1 991
3916 Carman Dr Condo $339,900 2 2.5 1098
12848 Boones Ferry Rd Condo $389,900 2 2.5 1182
1700 Gassner Ln Detached $399,900 3 2 1832
293 Cervantes Attached $424,900 3 2.5 1477
15370 Twin Fir Rd Detached $449,000 3 3.5+.5 1120
1218 Laurel St Detached $449,000 4 2 1485
20 Summit Ridge Ct Attached $459,950 2 2.5 1704
1651 Woodland Terr Detached $475,000 5 3 2737
17270 Bryant Rd Detached $569,000 3 3 2047
1459 Greentree Circle Detached $595,000 3 2 1716
1508 Pine St Detached $619,900 4 3 2300
71 Tanglewood Dr Detached $639,900 3 3 2616
36 Westridge Dr Detached $639,900 4 3 2803
1 Preakness Ct Detached $640,000 4 3 2373
838 Ash St Detached $649,000 4 1.5 3025
3271 Fir Ridge Rd Detached $649,000 4 2.5 2250
17020 Chapin Way Detached $684,900 4 3 3258
4804 Heritage Ln Detached $739,000 4 2.5 2458
55 Northshore Rd #1 Condo $759,000 3 2 2750
17453 Oak Meadow Ln Detached $799,000 4 2.5 3294
49 Hillshire Dr Detached $970,000 4 3.5 4268
727 Laurel St Detached $997,500 3 3.5 3365
903 Ash St Detached $1,100,000 3 2.5 2766
3240 Upper Dr Detached $1,195,000 3 2.5 3400
17486 Redfern Ave Detached $1,449,000 4 4 3632
17344 Cedar Rd Detached $1,699,000 5 2.5 2831
3817 Upper Dr Detached $1,699,000 4 3.5 4532
18990 Barton Rd Detached $1,750,000 4 3.5+.5 4532
1175 Westward Ho Rd Detached $1,788,888 3 3.5 3547

Pending Sales (July 16-22, 2018)

Sold/Closed (July 16-22, 2018)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #5 Condo $149,000 1 1 617 59
47 Eagle Crest Dr #52 Condo $149,900 1 1 666 22
45 Eagle Crest Dr #312 Condo $214,950 1 1 780 1
86 Kingsgate Rd D103 Condo $22,900 2 2 924 4
45 Greenridge Ct Townhouse $394,900 3 2.5 1645 27
155 Greenwood Rd Detached $445,000 3 1 999 6
4235 Douglas Way Detached $459,000 3 2 1479 4
18444 Tualata Ave Detached $465,000 3 2 1245 3
17869 Lake Haven Dr Detached $475,000 4 2.5 2150 5
16624 Roosevelt Ave Detached $479,900 2 2 2802 71
15008 Twin Fir Rd Detached $494,900 7 2.5+.5+.5+.5 3532 30
8 Grouse Terrace Detached $545,000 4 3 2658 59
1038 Oak St Detached $550,000 4 2 2657 4
622 Clara Ct Detached $575,000 4 2 2236 75
4639 Black Forest Ct Detached $635,000 4 2.5 2197 28
605 Country Club Rd Detached $649,000 5 3.5 3422 60
220 4th St Detached $649,000 3 2 1840 6
1911 Woodland Terr Detached $650,000 3 2.5 2060 3
672 1st St Condo $679,900 2 2.5 1986 40
12777 Sierra Vista Dr Detached $689,000 4 2.5 3144 108
2251 Summit Dr Detached $749,000 4 3 2874 56
5853 Southwood Dr Detached $825,000 5 2.5 3707 48
4933 Lakeview Blvd Detached $898,000 4 3 3988 195
1159 Bayberry Rd Detached $949,000 4 2.5 2508 26
629 Middlecrest Rd Detached $1,399,000 4 4 3575 85
1160 Northshore Rd Detached $1,998,000 2 2.5 2794 156
3424 Lakeview Blvd Detached $6,988,000 5 5.5 7102 44
Address Type List Price Sold Price Sq Ft CDOM
100 Kerr Pkwy #51 Condo $169,000 $165,000 620 37
48 Eagle Crest Dr 1C Condo $285,000 $280,000 1370 25
16880 Cortez Ct Detached $395,000 $365,000 1991 68
8 Bernini Ct Detached $485,000 $500,000 1465 7
14273 Amberwood Circle Detached $549,000 $516,000 2350 4
5582 Yorkshire Pl Detached $589,900 $580,000 2302 4
4654 Auburn Ln Attached $620,000 $610,000 2732 171
4220 Albert Circle Detached $615,000 $614,000 2405 20
4910 Lower Dr Detached $659,900 $650,000 2151 196
17423 Oak Meadow Ln Detached $734,000 $710,000 3125 132
12814 Sierra Vista Dr Detached $750,000 $745,000 3050 2
2110 Greentree Rd Detached $849,000 $849,000 2908 0
4145 Chad Dr Detached $929,900 $892,000 3337 20
5416 Southwood Dr Detached $899,000 $920,000 3340 3
18493 Ray Ridge Dr Detached $1,200,000 $1,050,000 4367 43
2912 Wembley Park Rd Detached $1,450,000 $1,375,000 4389 143
1903 Egan Way Detached $1,449,000 $1,436,640 2795 5
1115 Lake Front Rd Detached $2,245,000 $1,900,000 4245 5

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 ~ June 2018

Here’s your look at the latest numbers in for the entire Portland area (June).

What a difference a month makes! Overall we’ve seen a little slowing from last year, but a bit mixed with New Listings up 2.7%, Pending Sales down 1.7%, and Closed Sales down 2.2%.

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

  • According to the RMLS Market Action Report for the Portland Metro Area, June, 2018:
    • There were 4,515 New Listings in June 2018 which was down 4.7% from June of 2017’s 4,739, and down 3.2% from the previous month/May of 2018’s total of 4,665.
    • At 2,946, June Closed Sales fell  7.6% from June 2017’s 3,187, and/but were up 5.1 % from the previous month/May 2018’s total of 2,803.
    • June’s Pending Sales (accepted offers), at 3,059 dropped 6.0% from June of 2017’s 3,254, and were also down 4.4% from the previous month/May 2018’s total of  3,201.
    • The Average Sale Price in June of $472,400 was up $31,800 from June 2017’s $440,600, and also up from May 2018’s $460,700 by $11,700.   

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

  • North Portland:  $430,100              6.7%   (May 418,700)
  • NE Portland:  $490,000                   7.0%   (May 504,700  )
  • SE Portland:  $443,600                   6.7%   (May 404,900)
  • Gresham/Troutdale:   $357,900   10.4%   (May 346,000)
  • Milwaukie/Clackamas:  $434,100  6.6%   (May 427,900  )
  • Oregon City/Canby:   $434,100      7.1%   (May 435,800)
  • Lake Oswego/West Linn:$685,700 8.8%   (May 718,200)
  • West Portland:    $635,600             1.7%   (May 603,300)
  • NW Wash County:  $572,200          5.2%   (May 564,500)
  • Beaverton/Aloha:     $400,100        8.8%   (May 388,700 )
  • Tigard/Wilsonville:   $481,500        9.1%   (May 471,700 )
  • Hillsboro/Forest Grove: $409,900  9.1%   (May 397,400)

LAKE OSWEGO:

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

    •  341 Active Listings   (May 422)
    •  261 New Listings     (May 306)
    •  192 Pending Sales  (May 191)
    •  154 Closed Sales      (May 175)
    • Average Sale Price for June: $685,700  (May 718,200)
      • 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.
    •  52 Average Days on the Market   (May 63)

Market Activity ~ July 9-15, 2018

Last week 27 New properties entered the market in Lake Oswego, 24 moved to Pending status, and 23 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (July 9-15, 2018)

Address List Price # Beds # Baths Total SF Prop Type
56 CERVANTES CIR $210,000 2 1.1 912 CONDO
4652 LOWER DR / Upper $210,000 2 1.1 1170 CONDO
86 KINGSGATE RD H203 $215,000 2 2 849 CONDO
44 EAGLE CREST DR #22 $227,999 3 2 1085 CONDO
209 OSWEGO SMT / Upper $250,000 2 2 1383 CONDO
203 CERVANTES / Upper $280,000 2 2 1100 CONDO
17 SUMMIT RIDGE CT $365,000 2 2.1 1558 ATTACHD
9 JUAREZ ST $479,900 4 3.1 2570 DETACHD
5316 LOWER DR $575,000 3 2.1 2016 DETACHD
18761 INDIAN CREEK WAY $585,000 4 2.1 2005 DETACHD
50 AQUINAS ST $585,000 4 2.1 2415 DETACHD
17411 TREE TOP LN $649,000 4 3 3382 DETACHD
6419 SW DAWN ST $649,900 4 2.1 2016 DETACHD
5555 FIELDSTONE CT $785,000 4 2.1 2712 DETACHD
5670 CHARLES CIR $859,000 4 2.1 2968 DETACHD
19505 OLSON AVE $925,000 5 2.1 3022 DETACHD
13822 MELROSE PL $1,050,000 4 3.1 3529 DETACHD
14117 BARRINGTON CT $1,095,000 4 3 3503 DETACHD
4450 UPPER DR $1,100,000 3 1 2580 DETACHD
18953 PILKINGTON RD $1,115,000 4 3 3420 DETACHD
452 7TH ST $1,150,000 4 2.1 2600 DETACHD
18989 PILKINGTON RD $1,219,000 4 3 3640 DETACHD
2277 SUMMIT DR $1,288,000 4 3.1 4659 DETACHD
18977 PILKINGTON RD $1,289,000 4 3 3590 DETACHD
401 9TH ST $1,348,000 4 3.1 4288 DETACHD
4287 HAVEN ST $1,349,950 4 3.1 4007 DETACHD
17036 Canal CIR $1,485,000 4 3 3931 DETACHD

PENDING SALES (July 9-15, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #6 $164,900 1 1 617 CONDO 54
74 OSWEGO SMT / Upper $225,000 2 2 1140 CONDO 3
100 GREENRIDGE CT $365,000 3 2.1 2004 TOWNHSE 2
5110 CARMAN DR $423,900 3 1 1407 DETACHD 4
4366 WOODSIDE CIR $437,500 3 2.1 1963 ATTACHD 3
18609 KRISTI WAY $439,999 3 1 1154 DETACHD 15
19071 LONGFELLOW AVE $465,000 3 1 1152 DETACHD 40
1318 LAUREL ST $574,900 4 2.1 1645 DETACHD 4
4693 LAKEVIEW BLVD $624,990 3 2 2021 DETACHD 2
161 C AVE $625,000 2 2.1 1719 ATTACHD 2
1871 KILKENNY DR $649,000 5 2.1 3086 DETACHD 11
4801 JEAN RD $650,000 6 6.1 3400 DETACHD 177
5117 GREENSBOROUGH CT $650,000 3 2.1 1560 DETACHD 30
5937 BAY POINT DR $764,000 4 2.1 3402 DETACHD 33
3056 WEMBLEY PARK RD $950,000 4 2.1 2611 DETACHD 4
2949 WESTVIEW CIR $989,900 4 3 3326 DETACHD 35
19320 LORNA LN $1,100,000 4 3.1 4192 DETACHD 134
3540 RED CEDAR WAY $1,150,000 5 3.1 4023 DETACHD 15
795 6TH ST $1,200,000 3 2 2655 DETACHD 11
1925 CHILDS RD $1,290,000 5 4.1 5207 DETACHD 238
17455 Ridgeview LN $1,328,000 4 3.1 4561 DETACHD 121
18262 MEADOWLARK LN $1,398,800 5 3.1 4757 DETACHD 67
2090 CREST DR $1,695,000 3 2.1 3258 DETACHD 0
13910 STAMPHER RD $1,950,000 4 3.1 4488 DETACHD 35

SOLD (July 9-15, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
26 CERVANTES CIR / Grnd $215,000 $215,000 2 1.1 912 CONDO 25
86 KINGSGATE RD / G101 $219,000 $220,000 2 2 840 CONDO 6
3433 MCNARY PKWY #501 $225,000 $225,000 2 2 1136 CONDO 8
5225 JEAN RD #107 $279,900 $285,000 2 2 1200 CONDO 18
1408 LAUREL ST $300,000 $300,000 3 1 850 DETACHD 0
21 SUMMIT RIDGE CT $419,000 $415,000 2 2.1 1654 ATTACHD 60
19200 REDWING CT $499,900 $475,000 4 3 2128 DETACHD 41
16053 LAKE FOREST BLVD $494,950 $500,000 4 2 2100 DETACHD 174
14332 SHERBROOK PL $524,900 $507,000 3 2.1 1770 DETACHD 35
18679 INDIAN CREEK DR $600,000 $575,000 4 2.1 2276 DETACHD 48
328 4TH ST $624,900 $595,000 2 2.1 1731 TOWNHSE 17
2765 GLEN HAVEN RD $695,000 $650,000 4 2.1 2277 DETACHD 27
1250 HEMLOCK ST $649,900 $650,000 5 2 2465 DETACHD 13
1422 ASH ST $665,000 $659,000 4 3 2997 DETACHD 327
412 LIVINGOOD LN $725,000 $672,000 5 2.1 3928 DETACHD 39
75 TOUCHSTONE $700,000 $675,000 4 2.1 2373 DETACHD 49
19 JUAREZ ST $739,900 $750,000 3 2.1 3584 DETACHD 1
3766 RIVERS EDGE DR $799,000 $803,000 5 3.1 3428 DETACHD 3
3240 WESTVIEW CT $874,900 $850,000 4 3.1 3121 DETACHD 46
4635 DOGWOOD DR $895,000 $875,000 3 3 4584 DETACHD 612
19626 PERCH CT $1,099,000 $1,050,000 4 2.1 3494 DETACHD 4
950 OAK TER $1,150,000 $1,150,000 4 2.1 3787 DETACHD 7
15495 VILLAGE DR $1,545,000 $1,471,496 5 4.1 5401 DETACHD 24

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.

Real Estate Cycles of Aging Homes

Real estate is rather similar to fashion: there are trends and styles that come and go. What is hot today will not be hot tomorrow. I find it fascinating.

Growing up my Dad worked for a large corporation that required that to be promoted he had to move. My Dad was hard working and successful and we moved a lot. My folks knew when they bought at house that they’d be selling it in 3-5 years. They knew that they had to buy something that they could easily sell. This is why they favored new construction. It worked. Their homes always sold easily and they did very well with their real estate investments.

This leads me to scenario #1: new homes. They are the latest in what’s popular. Builders build homes to sell them and make a profit. They study the market and are absolutely on the cutting edge of the latest trends. What is hot right now is ultra contemporary. Houses with dramatic expanses of flat and angular roofs, big windows with soaring vaults, great rooms, massive master suites, these are all part of the current formula.

Scenario #2: a house that is 15-30 years old. These are the houses that used to be hot, but the styles have changed. They are also just new enough that everything still works, but that the useful life of some of the expensive components (think roof, furnace, air conditioning) is nearing the end of its expected life. I think this is the roughest stage in the life of a house. Buying one of these houses will be a great value. Here in LO, you’ll get a lot for the money. The houses have the big spaces with good sized rooms and 3-car garages, but probably need remodeling. It takes money to bring these houses in line with what is “hot”. You’ll get out of them what you put into them. They are a great investment.

Scenario #3: the golden age that stretches into the future. These are houses that have aged past what is “hot” and have become classic. That is what is happening right now with houses built between 1960 and 1980. The NW Contemporaries that were so popular when they were built have become architecturally important and truly stunning when in good condition. This is the time when all of the maintenance and up keep pays off. A house that is well cared for through the ages will remain a great investment and hold onto and build in value. This golden age includes the post WWII cottages in First Addition, the farm houses and bungalows in Lake Grove, and the 1950’s daylight ranches in Palisades. These houses have aged to a point where what’s in style no longer impacts them, they are classic.

As a house ages the various owners will be making lots of decisions about improvements and remodeling. That is human nature. I want to make what I think is an important point: respect the era of the home. Please don’t try to make a 1923 bungalow into a contemporary by taking out all of the original wood work and tearing out all of the walls. I showed a bungalow just recently that my buyer was super excited to see. We walked in and there it was, a massive, floor-to-ceiling fireplace completely refaced in lava rock. I’m sure it seemed like a good idea in about 1980, but today it’s an eyesore. The house would be so much more desirable if the original fireplace was still there. Do upgrade components like the furnace. Do upgrade the energy efficiency. Do the maintenance and keep the house clean and painted. But also appreciate the architecture of the original design. If that is respected, the house will truly shine.

I want to end by showing the before and after of a 1982 house in Mountain Park. This is a perfect example of how a style reaches the “classic” status. The before photo was from when the house sold in 2011. It had grown a little “tired” but had all of those great contemporary lines. The after photo is from about a month ago. The current owners appreciated the clean lines and have made that house shine, all while honoring the original design. This house is aging well. It sold in about 12 hours when it hit the market.

None of this is based on anything more than my observations. I love new homes, and I love older homes. Houses are pretty interesting, if you ask me.
Dianne