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.

Contact: Dianne | Linda

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This Week in Lake Oswego

Looking for some Springtime Fun?  Here are my picks for things happening in Lake Oswego this week! (I stayed away from meetings and focused on mostly family fun : )

Mon, May 7th 2018– 9:15am – LO Walkers! -Explore Tryon Creek, Foothills, Willamette Park & more! (Mon/Wed/Sat) CLICK HERE

Tue, May 8th, 2018 – 6:00pm – 8:00pm – Teen Duct Tape Art “Beyond the Duct Tape Wallet”  – Lake Oswego Library   CLICK HERE  

Wed, May 9th, 2018 1:00pm – 2:00pm – Performing Arts/Dorian Michael – Dorian Michael brings his fingerstyle guitar & a big bunch of blues to the Lake Oswego Library! CLICK HERE

Thu, May 10th, 2018 – 9:30am – 12:30pm – Creative Hands – Join this group of volunteers who handcraft projects with donated materials which are made into useful items and then donated to various non-profit associations- Contact the ACC at 503-635-3758 for more information.  CLICK HERE

Fri, May 11th, 2018 10:30am – 11:00am (every Friday/Birth-12 months  ; )- Baby Storytime– Lake Oswego Library  CLICK HERE

 

 

Market Activity ~ April 23-29, 2018

Last week 25 New properties entered the market in Lake Oswego, 32 moved to Pending status, and 24 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (April 23-29, 2018)

Address List Price # Beds # Baths Total SF Prop Type
16250 PACIFIC HWY #82 $205,000 1 1 841 CONDO
153 OSWEGO SMT Grnd $224,153 2 2 1383 CONDO
8 BRITTEN CT $399,900 2 2 1175 ATTACHD
5262 ROSEWOOD ST $400,000 3 1 2275 DETACHD
4 SUMMIT RIDGE CT $440,000 2 2.1 1576 ATTACHD
5071 W SUNSET DR $529,900 2 2.1 1734 TOWNHSE
5871 BONITA RD $539,000 4 3 2406 DETACHD
108 RIDGEWAY RD $549,000 3 1 1438 DETACHD
18679 INDIAN CREEK DR $600,000 4 2.1 2276 DETACHD
412 LIVINGOOD LN $775,000 5 2.1 3928 DETACHD
3240 WESTVIEW CT $875,000 4 3.1 3121 DETACHD
475 IRON MOUNTAIN BLVD $899,900 5 3.1 3254 DETACHD
4092 ORCHARD WAY $925,000 4 3.1 3591 DETACHD
17160 Kelok RD $935,000 5 4 4650 DETACHD
3155 UPPER DR $1,175,000 4 3 3016 DETACHD
2990 GLEN EAGLES RD $1,190,000 4 2.1 3787 DETACHD
1299 COUNTRY CMNS $1,229,000 4 4.1 3710 DETACHD
17108 CHAPIN WAY $1,429,000 4 4 4474 DETACHD
629 Middlecrest RD $1,449,000 4 4 3575 DETACHD
3822 LAKE GROVE AVE $1,500,000 5 3.1 5335 DETACHD
635 IRON MOUNTAIN BLVD $1,589,000 5 3.1 4736 DETACHD
1925 CHERYL CT $1,848,000 4 5.1 5869 DETACHD
17388 CEDAR RD $2,825,000 4 3.1 4635 DETACHD
17512 LAKE HAVEN DR $2,950,000 4 3.1 4643 DETACHD
616 CABANA LN $3,198,000 5 4 3838 DETACHD

PENDING SALES (April 23-29, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
750 1ST ST #E33 $179,000 1 1 986 CONDO 78
354 CERVANTES CIR 1-C $205,000 2 1.1 912 CONDO 18
4000 CARMAN DR A-7 $214,900 2 2 866 CONDO 6
3866 BOTTICELLI ST #27 $286,500 2 1.1 1132 CONDO 18
5442 JEAN RD $359,900 3 1 1224 DETACHD 16
15256 BOONES WAY $485,000 3 2.1 1618 ATTACHD 35
4902 MULHOLLAND DR $499,900 3 2.1 2495 TOWNHSE 44
13850 VERTE CT $525,000 3 2 1942 DETACHD 5
19253 CHILDS CT $530,000 3 2 1687 DETACHD 39
19350 MARLIN AVE $549,000 4 2 1820 DETACHD 3
13104 ROGERS RD $699,900 3 2.1 2646 DETACHD 1
2814 VALE CT $700,000 4 3 3192 DETACHD 21
13209 TWIN CREEK CT $719,900 4 2.1 3021 DETACHD 50
5524 WASHINGTON CT $749,900 4 2.1 2672 DETACHD 87
5575 SUNCREEK DR $759,000 4 2.1 2958 DETACHD 2
9 BUCKINGHAM TER $798,000 4 3 2766 DETACHD 5
1121 DEVON LN $825,000 6 3 2968 DETACHD 67
691 7TH ST $889,500 2 2 2450 DETACHD 9
18151 WESTVIEW DR $895,000 5 3.1 3827 DETACHD 3
18840 HILL TOP RD $899,999 3 3.1 4216 DETACHD 584
64 BERWICK RD $949,000 4 3.1 3740 DETACHD 23
3100 WESTVIEW CT $990,000 4 3.1 3725 DETACHD 113
2643 RIVENDELL RD $1,029,000 5 3.1 3466 DETACHD 47
17224 GREENTREE AVE $1,279,900 4 4 3545 DETACHD 27
18040 SKYLAND CIR $1,345,000 4 2.2 4140 DETACHD 2
16206 REESE RD $1,449,900 4 3.1 3631 DETACHD 0
1655 LESLIE LN $1,725,000 4 3.1 4805 DETACHD 341
16828 ALDER CIR $1,795,000 3 3 2363 DETACHD 99
16819 GREENBRIER RD $1,799,900 4 4 3022 DETACHD 549
1955 HIGHLANDS LOOP $1,995,000 4 4.1 4012 DETACHD 25
848 PALISADES TERRACE DR $1,995,000 4 4.1 6644 DETACHD 3
17399 CANAL CIR $2,349,000 4 3.1 4586 DETACHD 243

SOLD (April 23-29, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
32 OSWEGO SMT/Upper $169,900 $169,900 1 1 752 CONDO 176
199 Oswego Summit #199 $194,000 $182,500 2 2 1506 CONDO 58
47 CRESTFIELD CT/Grnd $205,000 $210,000 2 1 921 CONDO 6
750 1ST ST C14 $299,900 $283,500 2 2 1350 CONDO 25
5061 FOOTHILLS DR D $299,900 $294,900 2 2 991 CONDO 183
750 1ST ST #27 $297,000 $307,000 2 2 1350 CONDO 4
6 BRITTEN CT $399,950 $374,900 2 1.1 1317 ATTACHD 46
3912 CARMAN DR $399,900 $375,000 3 2.1 1326 CONDO 22
16200 PACIFIC HWY #7 $365,000 $396,000 2 2 1190 ATTACHD 13
5325 OAKRIDGE RD $419,900 $410,000 4 2 1191 DETACHD 16
4711 REMBRANDT LN $529,900 $500,000 3 2.1 2050 DETACHD 113
1682 FIRCREST DR $539,900 $539,900 4 2.1 2304 DETACHD 4
1612 HIGHLAND DR $549,900 $550,000 4 3 2158 DETACHD 2
18706 BRYANT RD $599,900 $599,900 3 2.1 2489 DETACHD 4
13758 REGENCY CT $615,000 $600,000 3 2.1 1986 DETACHD 155
304 6TH ST $615,000 $610,000 1 1 941 DETACHD 5
4667 WINTHROP CT $769,900 $750,000 4 2.1 2235 DETACHD 12
4985 CASCARA LN $819,000 $777,000 5 2.1 3607 DETACHD 125
15985 BONAIRE AVE $900,000 $900,000 3 3 2910 DETACHD 5
426 7TH ST $960,000 $950,000 4 2.1 3088 DETACHD 49
610 9TH ST $1,349,000 $1,108,000 4 3.1 4021 DETACHD 210
505 IRON MOUNTAIN BLVD $1,245,000 $1,216,000 5 4 3015 DETACHD 462
1059 BAYBERRY RD $1,548,000 $1,500,000 5 3.1 3550 DETACHD 51
1287 CHERRY LN $2,100,000 $2,100,000 5 4.1 4997 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.

Featured Property: 2990 Glen Eagles Rd

If there was an encyclopedia for real estate, under “beautiful house” would be 2990 Glen Eagles Rd. I think there are two reasons that this house is a stand-out property. First is the location. The neighborhood is very quiet with very little traffic. Yet it is in the Northwest area of Lake Oswego that is close to Boones Ferry Rd, Kruse Way, Hwy 217 and I-5. Shopping, restaurants and schools are all nearby. Second, it’s on .38 of an acre that backs to a green space. Most newer homes are in newer neighborhoods on lots that are dictated to be small by the zoning. This house is not just one more newer house in a newer neighborhood. It is located in an established older neighborhood of large lots and custom homes.

The house features 4 large bedrooms, 2.5 baths, a great room floor plan, a huge den, and a family room. It’s a total of 3787 square feet. There is a 200 square foot covered deck off of the great room that looks out to the trees and is usable year around. Built in 2010, it is that perfect age where it is still so new and yet the yard is established and the blinds have been put in. The kitchen is amazing! There is a huge cooking island but the real feature is the Jennaire stove. It’s gas with 6 burners plus a pancake griddle. It also has a double oven and a commercial-grade hood. The price is $1,190,000. This house has 4, count them with me, 4 lake easements.

I’ll be holding the house open this Sunday from noon to 2pm. Please come and see it!
Dianne

Market Activity April 16-22, 2018

Doing these market activity reports, I get a sense of the rhythm of the market. Looking at last week’s numbers, it feels like we are really kicking into full gear. In my opinion the market peaks in June with about 35 pending sales per week. Last week we had 25 new listings, 33 pending sales, and 20 closed/sold properties. 33 pending sales is pushing close to those peak numbers. Its exciting and also hectic!

Following is the breakdown for you according to RMLS:

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

Address Type Price BR Baths Sq Ft
21 Oswego Summit Condo $170,000 1 1 764
4000 Carman Dr A-7 Condo $214,900 2 2 866
4 Touchstone #77 Condo $239,000 3 2.5 1351
520 S State St 5B Condo $243,000 2 1 914
512 S State St Condo $270,000 1 1 829
99 Kingsgate Rd Detached $449,950 2 2 1224
5465 Childs Rd Detached $450,000 3 2 1487
13850 Verte Ct Detached $525,000 3 2 1942
14328 Holly Springs Rd Detached $529,000 4 2.5 1939
2814 Overlook Dr Detached $595,000 4 2.5 3348
1458 Greentree Circle Detached $680,000 4 2.5 2156
663 Carrera Ln Detached $749,900 3 2 2197
5575 Suncreek Dr Detached $759,000 4 2.5 2958
9 Buckingham Terrace Detached $798,000 4 3 2766
3075 Royce Way Detached $849,900 4 3.5 3724
2095 Ridge Pointe Dr Detached $875,000 3 2.5 3748
252 Greenwood Rd Detached $875,000 5 2 3834
691 7th St Detached $889,500 2 2 2450
5676 Suncreek Dr Detached $949,000 4 3.5 3312
15585 Manchester Dr Detached $949,000 4 3 3576
790 Terrace Dr Detached $1,195,000 4 2.5 3734
14005 Goodall Rd Detached $1,795,000 4 3.5 4886
13705 Knaus Rd Detached $1,795,000 4 3.5 5339
1115 Lake Front Rd Detached $2,295,000 4 4 4245
919 Westpoint Rd Detached $4,500,000 4 4 4995

Pending Sales (April 16-22, 2018)

Address Type Price BR Baths Sq Ft CDOM
125 Oswego Summit Condo $180,000 1 1 764 10
147 Oswego Summit #21 Condo $185,000 2 2 1140 1
199 Oswego Summit Condo $194,000 2 2 1506 58
100 Kerr Parkway #27 Condo $198,000 2 2 832 17
4 Touchstone #68 Condo $199,900 2 2 984 3
86 Kingsgate #47 Condo $199,900 2 2 840 4
4 Touchstone #148 Condo $214,900 3 2.5 1351 159
200 Burnham Rd #203 Condo $222,000 2 1 1160 18
67 Oswego Summit Condo $225,000 2 2 1212 24
4000 Carman Dr #60 Condo $225,000 2 2 866 13
3433 McNary Parkway Condo $229,000 2 2.5 1208 4
48 Eagle Crest Dr 4E Condo $305,000 2 2 1489 8
6070 Lakeview Blvd Detached $350,000 3 2 1416 5
17132 Rebecca Ln Detached $505,505 3 2.5 1763 7
55 Northshore Rd #10 Condo $519,000 2 2.5 1910 235
4391 Upper Dr Detached $529,000 4 2.5 1740 22
17647 Hill Way Detached $559,900 3 2 1787 4
4 Westminster Dr Detached $585,000 4 3 2142 1
3827 Bass Ln Detached $589,000 4 2.5 2302 42
13861 Shireva Ct Detached $625,000 4 2.5 2377 5
17960 Ridge Lake Dr Detached $750,000 4 2.5 3124 10
852 A Ave Detached $768,000 4 2 2362 56
4667 Winthrop Ct Detached $769,900 4 2.5 2235 12
1510 Fernwood Dr Detached $789,900 5 3 3291 13
2484 Marylshire Ln Detached $799,000 4 3.5 4168 3
1565 Pine St Detached $950,000 4 2 2830 32
975 Englewood Dr Detached $1,049,000 5 3.5 4024 333
1619 Bay View Ln Detached $1,175,000 5 3.5 4922 237
1875 Fernwood Dr Detached $1,224,900 4 4 3279 74
3166 Stonebridge Way Detached $1,295,000 4 2.5 3039 16
490 G Ave Detached $1,349,900 3 3.5 2959 0
15567 Village Dr Detached $1,695,000 5 4 4934 2
16865 Greenbrier Rd Detached $2,595,000 5 5 6104 33

Sold/Closed (April 16-22, 2018)

Address Type List Price Sold Price Sq Ft CDOM
4647 Lakeview Blvd D-1 Condo $179,000 $155,000 753 171
4000 Carman Dr #70 Condo $237,500 $238,000 974 4
94 Oswego Summit Condo $249,000 $240,000 1,140 4
3802 Botticelli St Condo $275,000 $280,000 1224 26
5058 Foothills Dr A Condo $364,500 $360,000 1252 101
4912 Lower Dr Detached $475,000 $469,500 1557 2
536 2nd St Attached $499,000 $490,000 1394 3
578 2nd St Condo $499,000 $492,000 1361 39
18426 Sandpiper Way Detached $535,000 $535,000 1884 5
1714 Meadows Dr Detached $539,000 $557,361 1912 5
5687 Bonita Rd Detached $589,900 $608,000 2048 9
4344 Snowbrush Ct Detached $749,000 $640,000 3255 245
17360 Hunter Ct Detached $645,900 $655,000 3272 178
2220 Hillside Dr Detached $625,000 $685,000 2201 3
3106 Rosemary Ln Detached $775,000 $725,000 2717 75
4198 Glacier Lily St Detached $724,900 $725,000 2806 4
17379 Brookhurst Dr Detached $735,000 $735,000 3140 3
3305 Cedar Ct Detached $1,098,000 $1,098,000 3986 11
13587 Meadowcreek Ln Detached $1,195,000 $1,180,000 3200 178
1221 Glenmorrie Dr Detached $1,649,000 $1,465,000 4231 205

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.

My Best Advice and My Hardest Job

I hope that as a reader of the Property Blotter you are getting a sense of what makes real estate happen. Linda and I really strive to provide you with data, and also with tips, pointers, and useful information. This week I thought I’d give you just two quick tid bits.

Let’s start with my best advice. In a word, chill. There are so many factors that contribute to the purchase or sale of a home. There is the buyer and the buyer’s Realtor, the seller and the seller’s Realtor, the mortgage broker, the mortgage underwriter, the title company and the escrow officer that represents the title company, the home inspector, and more. In other words, there are lots of people all doing their job to coordinate and come together to make the sale happen. With so many people involved, it doesn’t take much to create a snag. If the underwriter wants an updated tax statement, if the title company discovers an unexpected lien, if the buyer is in transit and air born on a flight to New York, all of these elements are completely normal and can cause a delay. Going into the purchase or sale of a home, know that everyone is doing their best to meet deadlines, but be prepared to be flexible. It simply is the nature of the business that things come up, so my best advice is to take a deep breath and try to remain calm. It will all come together and stressing over it accomplishes nothing useful.

As for my hardest job, it is working on behalf of my client even when it is not intuitively what I think is the best course of action. I work for my client. I know this. Occasionally, not very often mind you but occasionally, I have a client who feels the best course of action is to make a request or exercise an idea that is not something I agree with. This will never, ever happen in regards to something dishonest or illegal, absolutely not, and this is not what I am referring to here. What I am referring to is something perfectly legal and honest, but still something that I would not normally advise. Here is my example. A few years ago I represented a very particular client. It was strong seller’s market where offers were competitive and houses were selling quickly. To buy in this environment requires making the best offer possible. My buyer just did not want to pay one dollar more than necessary. That is understandable, but there are also times when a buyer must step up or they will not get into a home. This buyer simply would not do it. She made offer after offer without success.

I can give advice, and I do, but ultimately my clients decide the best course of action for themselves. My job is to LISTEN and then act upon their desires. And so, with this client, we went through the process of her learning. It took two years. By the time she came to realize that she really did have to make a competitive offer, and not try to negotiate the price, a good deal of time had gone by. Ultimately she ended up spending about 15% more for a house that had gone up in value during the time she was learning about the market. That is just really hard to experience.

So those are my two insights that I wanted to share with you this week. I think it can be summed up by saying that you will benefit by not stressing out during the course of buying or selling, and also by hiring a Realtor who will really listen to you and act on your desires, but also by listening to your Realtor and realizing that they too are offering you good advice that can help your experience go more smoothly and to your benefit.

Enjoy the sunshine!
Dianne

Hallinan House

Hello Property Blotter Readers!!!

I just thought of you this morning because I have an out-of-town cash Buyer looking for a property in the Hallinan neighborhood.  ***If you are thinking of selling your home in Hallinan, please contact me ASAP, and I’ll give you more details of what they’re looking for to see if we have a fit!

Enjoy the increasing sunshine~

Very Best,

Linda

Market Activity April 9-15, 2018

I love spring! It is absolutely beautiful outside as I write this. Sunny, blue skies, lots of flowers in bloom, this is just a stunning time of year in Lake Oswego.

Along with the beauty of spring, we are in the full throws of the spring market. Last week in Lake Oswego we had 20 homes enter the market, 32 moving into pending status, and 22 sold/closed properties.

Following is the breakdown for you according to RMLS:

New on the Market (April 9-15, 2018)

Address Type Price BR Baths Sq Ft
125 Oswego Summit Condo $180,000 1 1 764
86 Kingsgate Rd #47 Condo $199,900 2 2 840
3433 McNary Pkwy Condo $229,000 2 2.5 1208
48 Eagle Cresst Dr 4E Condo $305,000 2 2 1489
4442 Thunder Vista Ln Condo $335,000 2 2.5 1829
6070 Lakeview Blvd Detached $350,000 3 2 1416
21 Summit Ridge Ct Attached $429,000 2 2.5 1654
5835 Carman Dr Detached $449,900 3 2.5 1650
28 Northview Ct Attached $574,000 2 3 2092
75 Touchstone Detached $700,000 4 2.5 2373
17960 Ridge Lake Dr Detached $750,000 4 2.5 3124
10 Morningview Ln Detached $775,000 4 3.5 3848
18028 Westminster Dr Detached $805,000 4 3.5 4501
15818 Springbrook Ct Detached $914,900 3 3 2538
144 Leonard St Detached $1,095,000 4 3.5 3363
17312 Bergis Farm Dr Detached $1,149,000 4 4.5+.5 4808
13637 Westlake Dr Detached $1,350,000 4 4.5 3868
17407 Redfern Ave Detached $1,599,950 4 4.5 5206
1210 Chandler Rd Detached $3,488,000 6 6.5+.5 7455
4643 Firwood Rd Detached $1,099,000 3 2.5 2790

Pending Sales (April 9-15, 2018)

Address Type Price BR Baths Sq Ft CDOM
52 Oswego Summit Condo $204,900 1 1 705 15
47 Crestfield Ct Condo $205,000 2 1 921 6
200 Cervantes Condo $225,000 3 1.5 1138 63
45 Eagle Crest Dr #510 Condo $246,900 1 1 830 45
4000 Carman Dr A11 Condo $249,900 2 2 869 55
668 McVey Ave #74 Condo $285,000 1 1 636 26
16200 Pacific Hwy #7 Condo $365,000 2 2 1190 13
16909 Tracy Ave Detached $439,999 4 2 1499 4
5101 Rosewood St Detached $509,900 3 2.5 1736 3
528 2nd St Condo $525,000 2 2.5 1567 101
5875 Bonita Rd Detached $550,000 5 3.5 2650 199
3300 Southshore Blvd Detached $599,000 2 1.5+.5 1062 8
377 Livingood Ln Detached $624,000 3 2.5 2409 2
130 Del Prado St Detached $659,900 4 3 2419 3
4 Bernini Ct Detached $665,000 4 3 3028 10
4051 Virginia Way Detached $679,333 3 2 1750 2
2033 Ridgewood Rd Detached $699,000 4 2.5 2668 622
2325 Oakhurst Ln Detached $780,000 5 2.5 3627 51
754 Oak Meadow Ct Detached $839,900 4 2.5 3283 4
18120 Delenka Ln Detached $850,000 5 2.5 3157 31
4904 Lower Dr Detached $864,900 4 3 2844 3
16805 Old River Dr Detached $875,000 3 2 1728 9
13978 Westcott Ct Detached $925,000 4 3 3267 73
4305 Upper Dr Detached $950,000 5 2.5 3483 191
13507 Streamside Dr Detached $999,000 4 3.5 3716 2
832 9th St Detached $1,150,000 3 2 2149 5
937 F Ave Detached $1,199,900 5 3 2736 57
4688 Upper Dr Detached $1,449,000 4 3.5 3962 152
13740 Fielding Rd Detached $1,495,000 4 3.5 4471 12
1655 Leslie Ln Detached $1,725,000 4 3.5 4805 324
3866 Botticelli St #27 Condo $286,500 2 1.5 1132 3
668 McVey Ave #64 Condo $295,000 1 1 636 7

Sold/Closed (April 9-15, 2018)

Address Type List Price Sold Price Sq Ft CDOM
3433 McNary Pkwy #405 Condo $198,000 $200,000 1208 3
18319 Terry Ct Detached $350,000 $350,000 1,191 18
93 Kingsgate Rd Detached $410,000 $405,000 1,669 427
200 Burnham Rd #211 Condo $450,000 $440,000 1862 6
4470 Golden Ln Condo $459,000 $454,500 2102 3
825 Oak St Detached $449,000 $470,000 1350 3
12 Da Vinci St Detached $684,000 $490,000 2959 113
1515 Cloverleaf Rd Detached $495,000 $495,000 2206 7
19 Westridge Dr Detached $624,800 $629,800 3711 30
168834 Cherry Crest Ave Detached $649,900 $650,000 2598 2
13171 Sandalwood Ct Detached $715,000 $675,000 3325 50
13602 Provincial Hill Way Detached $675,000 $675,000 2420 6
3088 Rosemary Ln Detached $719,000 $702,500 3233 23
5616 Southwood Dr Detached $781,500 $750,000 3043 24
1 Mountain View Ln Detached $800,000 $775,000 3352 19
17614 Brookhurst Dr Detached $782,500 $796,500 3386 1
4376 Snowbrush Ct Detached $899,000 $820,000 4173 49
3920 Upper Dr Detached $1,350,000 $1,030,000 3800 127
2735 Glen Eagles Rd Detached $1,379,900 $1,330,000 2938 35
149 Pine Valley Rd Detached $1,450,000 $1,400,000 3220 6
1144 Bayberry Rd Detached $1,449,000 $1,425,000 3523 6
17104 Cedar Rd Detached $1,628,800 $1,550,000 3345 163

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 ~ March, 2018

Happy Springtime to our Property Blotter readers!  In our look at activity during the month of March we see a general pattern of a lowering or slight increase over last year during the same month, and a big increase over the prior month/Feb of 2018 in most all areas.

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

  • According to the RMLS Market Action Report for the Portland Metro Area, March, 2018:
    • There were 3,648 New Listings in March 2018 which was up 1.2% from March of 2017’s 3,604, and up a whopping 44.2% from the previous month/Feb of 2018’s total of 2,530.
    • At 2,371, March Closed Sales were down 4.9% from March 2017’s 2,494, and up a whopping 31.3% from the previous month/Feb 2018’s total of  1,806.
    • March’s Pending Sales (accepted offers), at 2,894 dropped 4.9% from March of 2017’s 3,043, and increased another whopping 23.8% from the previous month/Feb 2018’s total of 2,337
    • The Average Sale Price in March of $445,900 was up $17,500 from March 2017’s $428,400, and also up from February 2018’s $441,900 by $4,000.   

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

  • North Portland:  $438,700              6.6%   (Feb 418,000)
  • NE Portland:  $478,900                   7.3%   (Feb 462,400)
  • SE Portland:  $418,600                   8.4%   (Feb 418,700)
  • Gresham/Troutdale:   $356,400   12.0%   (Feb 339,400)
  • Milwaukie/Clackamas:  $423,400  9.4%   (Feb 406,100)
  • Oregon City/Canby:   $396,500      6.0%   (Feb 381,200)
  • Lake Oswego/West Linn:$631,100 6.1%   (Feb 706,400)
  • West Portland:    $597,200             3.1%   (Feb 602,500)
  • NW Wash County:  $550,200          7.5%   (Feb 540,100)
  • Beaverton/Aloha:     $386,000        9.1%   (Feb 380,500)
  • Tigard/Wilsonville:   $456,700        7.4%   (Feb 443,600)
  • Hillsboro/Forest Grove: $403,800  9.9%   (Feb 384,600)

LAKE OSWEGO:

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

    •  306 Active Listings   (Feb 296)
    •  225 New Listings     (Feb 158)
    •  188 Pending Sales  (Feb 120)
    •  117 Closed Sales      (Feb 92)
    • Average Sale Price for Feb: $631,100  (Feb 706,400)
      • 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.
    •  82 Average Days on the Market   (Feb 107)

Market Activity ~ April 2-8, 2018

Last week 27 New properties entered the market in Lake Oswego, 20 moved to Pending status, and 18 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (April 2-8, 2018)

Address List Price # Beds # Baths Total SF Prop Type
100 Kerr PKWY 27 $198,000 2 2 832 CONDO
354 CERVANTES CIR 1C $205,000 2 1.1 912 CONDO
47 CRESTFIELD CT/Grnd $205,000 2 1 921 CONDO
200 BURNHAM RD 203 $222,000 2 1 1160 CONDO
4000 CARMAN DR 50 $279,000 1 1 890 CONDO
668 MCVEY AVE 64 $295,000 1 1 636 CONDO
19200 REDWING CT $499,900 4 3 2128 DETACHD
3300 SOUTHSHORE BLVD $599,000 2 1.2 1062 DETACHD
4 BERNINI CT $665,000 4 3 3028 DETACHD
17441 BLUE HERON DR $679,000 4 3 2265 DETACHD
4261 GLACIER LILY ST $694,500 4 2.1 2693 DETACHD
2814 VALE CT $700,000 4 3 3192 DETACHD
4667 WINTHROP CT $769,900 4 2.1 2235 DETACHD
1510 FERNWOOD DR $789,900 5 3 3291 DETACHD
4379 SNOWBRUSH CT $875,000 4 2 3596 DETACHD
16805 OLD RIVER DR $875,000 3 2 1728 DETACHD
64 BERWICK RD $949,000 4 3.1 3740 DETACHD
13479 FIELDING RD $1,050,000 4 2.1 3385 DETACHD
4743 UPPER DR $1,165,000 4 2.1 3079 DETACHD
1620 FERNWOOD DR $1,199,900 3 3.1 3371 DETACHD
306 8TH ST $1,199,900 4 4 2893 DETACHD
3166 STONEBRIDGE WAY $1,295,000 4 2.1 3039 DETACHD
3711 WREN ST $1,299,900 3 3.1 3250 DETACHD
13740 FIELDING RD $1,495,000 4 3.1 4471 DETACHD
18296 MEADOWLARK LN $1,698,000 5 3.1 5770 DETACHD
15880 OSWEGO SHORE CT $1,997,000 4 3.1 4084 DETACHD
400 IRON MOUNTAIN BLVD $1,999,999 4 3.1 4258 DETACHD

PENDING SALES (April 2-8, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR 49 $199,000 2 1 932 CONDO 14
202 CERVANTES / Grnd $225,000 2 2 890 CONDO 1
4000 CARMAN DR 60 $225,000 2 2 866 CONDO 2
13 BLOCH TER $415,000 3 2.1 1972 ATTACHD 45
18963 LONGFELLOW AVE $449,750 3 1.1 1239 DETACHD 228
12 DA VINCI ST $490,000 4 3 2959 DETACHD 113
4711 REMBRANDT LN $525,000 3 2.1 2050 DETACHD 113
56 CONDOLEA TER / Grnd $529,000 3 2.1 2958 CONDO 161
5228 COVENTRY CT $565,000 4 2.1 2382 DETACHD 13
16758 GRAEF CIR $569,000 3 1 1295 DETACHD 270
18706 BRYANT RD $599,900 3 2.1 2489 DETACHD 4
5418 WASHINGTON CT $690,000 3 2.1 2074 DETACHD 5
58 AQUINAS ST $699,900 5 3 3721 DETACHD 3
17524 ERIN CT $715,000 4 3 3115 DETACHD 4
1235 ANDREWS RD $775,000 3 2 2506 DETACHD 3
2420 PALISADES CREST DR $929,000 5 2.1 3471 DETACHD 10
13101 AMBER PL $949,900 4 2.1 3817 DETACHD 178
504 8TH ST $1,075,000 4 3 2858 DETACHD 171
860 COUNTRY CMNS $1,170,000 4 3 3906 DETACHD 1
888 FAIRWAY RD $1,250,000 4 2.2 5788 DETACHD 192

SOLD (April 2-8, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
80 OSWEGO SMT / Upper $185,000 $194,000 2 2 1140 CONDO 5
4 TOUCHSTONE 109 $195,000 $198,000 2 2 989 CONDO 3
103 OSWEGO SMTn 103 $199,900 $204,900 2 1.1 1116 CONDO 42
5056 FOOTHILLS DR C $364,900 $332,750 2 2 1252 CONDO 30
1760 OAK ST $459,900 $475,000 5 2 1680 DETACHD 1
14 AQUINAS ST $499,000 $480,000 3 3 2531 DETACHD 153
19050 PILKINGTON RD $529,900 $535,000 3 3 1991 DETACHD 250
120 CONDOLEA DR $599,900 $600,000 3 3 2958 ATTACHD 5
16977 SW CHERRY CREST DR $711,000 $625,000 4 2.1 3002 DETACHD 236
759 TIMBERLINE DR $655,000 $645,000 4 3 2928 DETACHD 154
4729 FIRWOOD RD $699,000 $730,000 4 2.1 2647 DETACHD 4
17110 LOWENBERG TER $775,000 $735,000 4 2.1 2732 DETACHD 145
4101 VIRGINIA WAY $899,900 $864,900 4 2.2 3231 DETACHD 29
116 MIDDLECREST RD $1,075,000 $1,000,000 4 3 2545 DETACHD 34
4591 DOGWOOD DR $1,100,000 $1,051,000 4 3.1 4177 DETACHD 6
3485 UPPER DR $1,121,000 $1,100,000 4 2.1 3332 DETACHD 119
16737 MAPLE CIR $1,299,000 $1,350,000 3 2.1 1633 DETACHD 4
2462 SUMMIT DR $1,575,000 $1,565,000 3 2.1 3598 DETACHD 270

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.

Rivergrove Gratitude

Heritage Park

Technically, this post is not about Lake Oswego. It’s about Rivergrove. Rivergrove is at the Southern edge of Lake Oswego, along the Tualatin River. It has it’s own incorporated government with a mayor and a city council. It is a very small area with a population of just 486 people. The mailing addresses for the homes in Rivergrove are Lake Oswego addresses and the children in Rivergrove attend Lake Oswego schools. So while it may not be Lake Oswego, it is pretty darn close.

There is a wonderful park in Rivergrove called Heritage Park, and in this park is something very special, a tree of gratitude. A small black box is next to the tree with weather-proof tags and sharpie pens for writing what you are thankful for onto the tag. Then you simply hang the tag onto the tree. I just love it!

The Gratitude Tree

Gratitude is known to be a factor in living a happy life. We all have much to be grateful for, even when times are difficult. I think the gratitude tree is wonderful. I hope you will take the time to exercise some gratitude today. You may even find your way to the gratitude tree!
Dianne