Market Activity ~ Feb 14-20, 2022

Last week Lake Oswego had 5 properties enter the market, 14 move to Pending status, and 11 that Sold/Closed. Right now there are 53 properties available in Lake Oswego ranging from $214,000 to $5.3 mil.

Here is the breakdown according to RMLS:

NEW Feb 14-20, 2022

AddressList PriceBedsBathsSFProp Type
47 EAGLE CREST DR  #16$239,00021932CONDO
209 CERVANTES, Lower$325,00021.11216CONDO
20 SUMMIT RIDGE CT$499,00022.11704CONDO
17897 SUNDOWN CT$1,950,000533755DETACHD
3578 CARMAN DR$2,200,00053.14000DETACHD

PENDING Feb 14-20, 2022

AddressList PriceBedsBathsSFProp TypeDays
44 EAGLE CREST DR  #32$250,00021908CONDO3
3101 MCNARY PKWY  #8$320,000323064CONDO0
5309 SW WEST SUNSET DR$599,900421449DETACHD25
3 MOUNTAIN CIR$675,000321580ATTACHD4
12962 KNAUS RD$829,00032.11952DETACHD255
1770 HEADLEE LN$879,000232505DETACHD4
4 WESTMINSTER DR$895,000432258DETACHD6
2095 RIDGE POINTE DR$1,085,00032.13748DETACHD4
4719 LAKEVIEW BLVD$1,499,000432934DETACHD3
566 4TH ST$1,549,00044.23376ATTACHD33
17486 REDFERN AVE$2,175,000543632DETACHD4
5001 SW Park Bluff PL$2,200,000444022DETACHD32
15012 TWIN FIR RD$2,599,00053.13897DETACHD187
2812 LAKEVIEW BLVD$3,399,90033.13100DETACHD14

SOLD Feb 14-20, 2022

AddressOpeningClosedBedsBathsSFProp TypeDays
100 KERR PKWY  #38$185,000$185,00011628CONDO123
47 EAGLE CREST DR  #36$249,900$275,00021932CONDO1
16250 PACIFIC HWY  #45$359,000$345,000221311CONDO45
5225 JEAN RD  #501$399,900$455,000321500ATTACHD3
4325 SILVER CT,  Upper$499,000$485,00032.11844CONDO49
1719 ASPEN CT$590,000$575,000321444DETACHD49
351 3RD ST$924,900$951,00033.12042ATTACHD3
837 OAK ST$999,950$1,100,00032.12796DETACHD5
19 HIDALGO ST$998,500$1,150,00043.14747DETACHD2
17908 BLUE HERON DR$1,799,000$1,775,000344172DETACHD58
567 10TH ST$1,785,000$1,870,00043.14706DETACHD85

Criteria: (RMLS DATA) 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.

Radon and Granite Countertops

At Oregon First we have a gmail group called Haves and Wants. A recent discussion happened about the topic of radon and granite countertops.

Radon comes from granite. When you purchase a home, you should alway do a radon test to see if the radon levels in the house are higher than the EPA limit of 4.0 picocuries. (The World Health Organization recommends a level of not more than 2.7 picocuries.) Generally speaking the granite is in the form of boulders underneath the house, in the ground. You just don’t know whether the house is built over granite boulders or not, so you always test the radon levels.

So if radon comes from granite, what about granite countertops?

This subject came to my attention about 15 years ago. So I dialed up my favorite radon mitigation company and asked if I should be concerned. I was told that, generally speaking, the radon given off by granite countertops was not at a level high enough to be concerned.

Here is the offical EPA information. Click here.

White kitchen design features large bar style kitchen island with granite countertop illuminated by modern pendant lights. Northwest, USA

The bottom line is that you should be concerned about the possibility of radon in a house. Always get it measured. Even if you aren’t buying a house. If you live in a home where you have never measured it, get it measured. You can buy a do-it-yourself test at your local home improvement store, and there are numerous companies who perform this service. The cost to test is $60-$150. Cheap for the peace of mind. If radon is found, the cost to mitigate it is $1500-$3000, generally speaking. Again, cheap for the piece of mind.

I also think that when planning a remodel, don’t assume that just because it is available for purchase it has no issues. Do your research. There are alternatives to granite that are also gorgeous.

I hope that you find this useful. Thank you for reading the blotter.

Dianne

Market Activity Feb 7-13, 2022

I once had a client who had statistically figured out the the prime weekend of the entire year to put your house on the market is the weekend following the super bowl. With 19 pending sales in Lake Oswego last week, that certainly feels like good advice. We also had 6 new listings and 10 properties that were closed sales.

See below for further RMLS data.

New on the Market Feb 7-13, 2022

AddressTypePriceBRBathsSq Ft
4 Touchstone Dr #150Condo$225,90022984
4631 Lakeview BlvdCondo$250,00011753
45 Eagle Crest Dr #513Condo$253,50021.51056
48 Eagle Crest Dr 4ACondo$475,000221489
668 McVey Ave #10Condo$540,00031992
16758 Graef CircleDetached$669,000311295
5353 Lakeview BlvdAttached$1,119,00043.52900
2650 Overlook DrDetached$1,250,00042.53030
21 D Ave GPHCondo$3,269,20032.53399
807 Ellis aveDetached$3,600,00044.54964

Pending Sales Feb 7-13, 2022

AddressTypePriceBRBathsSq FtCDOM
89 Galen StCondo$199,000115523
45 Eagle Crest Dr #312Condo$229,0001178016
200 Burnham Rd #206Condo$349,00021119962
3974 Carman DrAttached$380,00022.511070
34 Condolea DrCondo$475,0002214203
750 1st St E27Condo$479,900221350162
5062 Foothills Dr GCondo$485,00022125298
2806 SW Orchard Hill PlDetached$649,00032.523245
18561 Kristi WayDetached$649,95032.5145068
48 Hillshire DrDetached$795,5004330345
93 Tanglewood DrDetached$799,90032.5+.5311121
6 Grouse TerDetached$850,0003336534
2777 Evergreen RdCondo$895,00033.519502
2719 Greentree RdDetached$985,00053.538865
14711 Uplands DrDetached$1,695,00044.533273
21 D Ave #13Condo$1,993,20022.523048
21 D Ave #4Condo$2,067,00022.5243186
2305 Glen Haven RdDetached$2,275,00054363282
1845 Highlands LoopDetached$2,995,00043.5+.553063

Closed/Sold Feb 7-13, 2022

AddressTypeList PriceSold PriceSq FeetDOM
4 Touchstone #94Condo$248,000$238,00013517
30 Crestfield CtCondo$290,000$300,0009891
16200 Pacific Hwy #9Condo$524,900$500,00011900
1118 StDetached$650,000$650,000132012
8 Da Vinci StDetached$779,000$845,5002,9064
16538 Maple CircleDetached$1,550,000$1,750,00028544

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 ~ Jan 2022 Numbers

Here is your look at what’s been happening in the overall Portland area including individual areas of the metro, and with Lake Oswego broken out below:

Overview/Fluctuations ~  Market Data January 2022:                                         Looking at the first month of 2022 as compared to the same month last year, New Listings have decreased 10.5%, Pending Sales have decreased 8.4% and Closed Sales increased 0.3%. Supply is still the biggest issue affecting the local market and remains at historic lows with less than a few week’s worth of inventory available.

The other factor is rates~ While they remain very low relatively speaking (for anyone who remembers how high they’ve been in the past) they’re hovering around 3.875% right now and all predictions are for several increases this year. This factor would be spurring more Buying activity than we currently see but for the lack of inventory. That said, it remains a given that savvy Buyers ought to be taking advantage of these rates now, and, generally speaking, would-be Sellers would be well advised to List now rather than wait till later.

According to the RMLS Market Action Report  for the Portland Metro Area- Jan 2022:

  • There were 2,307 New Listings in Jan 2022 decreased 10.5% from Jan of 2021’s 2,579, and decreased a whopping 44.3% from the previous month/Dec’s 1,599.
  • At 1,853  Jan 2022’s Closed Sales are up 0.3% from Jan 2021’s 1,847, and down 28.2% from the previous month/Dec 2021’s total of 2,582
  • At 2,287 Jan 2022’s Pending Sales are down 8.4% from Jan 2021’s 2,496, and up 17.8% from the previous month/Dec 2021’s total of 1,942.
  • The Average Sale Price in Dec 2021 of $586,600 is up $71,900 from last year/Jan 2021’s $514,700, and up $3,700 from the previous month/Dec2021’s $582,900.   YTD increase is 15.8%.
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in Jan 2022 of $512,000 rose from last year/Jan 2021’s $460,000 by $52,000, and also $1,000 from the previous month

LAKE OSWEGO:

61 Active Listings (Dec 63)
83 New Listings  (Dec 71)
78 Pending Sales (Dec 82)
82 Closed Sales  (Dec 134)
Average Sale Price for Jan: $1,054,400 (Dec $1,024,400)
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.
29 Days on the Market   (Nov 36)

Market Activity ~ Jan 31-Feb 6, 2022

This last week 5 Properties entered the market, 10 moved to Pending status, and 7 Closed/Sold. There are 48 homes available right now in Lake Oswego ranging from 215,000 to 5.2 mil.

Here is the latest:

NEW Jan 31-Feb 6, 2022

AddressList PriceBedsBathsTotal SFProp Type
45 EAGLE CREST DR$249,900221046CONDO
5225 JEAN RD$360,000221100CONDO
3990 CARMAN DR$415,90022.11098CONDO
13078 FIELDING RD$3,150,000433936DETACHD
2812 LAKEVIEW BLVD$3,399,90033.13100DETACH

PENDING Jan 31-Feb 6, 2022

AddressList PriceBedsBathsTotal SFProp TypeDays
4 TOUCHSTONE  #94$248,00032.11351CONDO7
47 EAGLE CREST DR  #36$249,90021932CONDO1
4 TOUCHSTONE  #101$268,00042.11456CONDO8
86 KINGSGATE RD, H101$349,00022918CONDO4
1720 KILKENNY DR$685,00032.11348DETACHD53
17763 MARDEE AVE$741,900532110DETACHD19
4503 BLACK FOREST CT$795,00042.12166DETACHD2
18582 BRYANT RD$799,90032.12579DETACHD2
19 HIDALGO ST$998,50043.14747DETACHD2
15508 DIAMOND HEAD RD$3,480,000343900DETACHD169

SOLD Jan 31-Feb 6, 2022

AddressOpeningClosedProp TypeSFBedsBathsDays
6317 CARMAN DR $      650,000 $      560,000DETACHD134431.178
52 NORTHVIEW CT $      649,900 $      635,000ATTACHD219832.154
4966 GALEN ST $      600,000 $      656,000DETACHD1699325
115 TOUCHSTONE TER $      709,000 $      670,000ATTACHD256043.179
302 LAUREL ST $      679,000 $      684,000DETACHD1907326
175 FURNACE ST/Upper $   1,598,000 $  1,598,000CONDO189822.11
752 8TH ST $   1,877,000 $  1,903,000DETACHD403253.127
Criteria: (RMLS DATA) 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 Importance of a Great Backyard

Backyards are truly something to be enjoyed. They expand the living area of a house and are the location for making memories in solitude, as well as with friends and family. When I show houses and we walk outside to find a really great backyard, it is the cherry that tops the cake of a great house. Here are 8 ideas for creating that great backyard.

  1. Connect the indoors to the outdoors with big windows and easy access doors. From inside, you’ll enjoy looking out and having the opportunity to enjoy the yard every day of the year.
  2. Create an outdoor workspace. Trees and landscaping make a wonderful backdrop to Zoom meetings. In addition, working outside on a nice day is a bit of a gift that you can give to yourself. To do this, you’ll need strong wifi, an exterior electrical outlet, and a sturdy table.
  3. Let’s talk al fresco. I reguarly do large dinners for my family in my yard. When we gather there usually about 15 people. I put tables end to end to create one large dining table. I then use linens and my good china. It feels so luxurious! A covered area in which to dine, along with an outdoor heater, makes this possible any month of the year.
  4. Add some entertainment potential. Again, a good table for board games, and perhaps a mounted television to watch football and movies.
  5. Establish a wildlife habitat. I no longer feed the birds (there was a certain squirrel incident), but I do put out water. I have 5 birdbaths. If they go empty, the birds will literally sit on the rim and squack at me. Landscaping is also a great idea for attracting birds.
  6. Make your yard pet friendly by fencing it. Today the fencing choices are plentiful, including fences that barely obstruct your viewing of the entire yard.
  7. Just like the rest of the house, clutter is a big no no. Store the clutter elsewhere. Particularly when selling the house, it needs to be tidy.
  8. Privacy is super important. If you have a house that looks into your yard, plant a tree or a hedge. In my case, my husband built a privacy screen that goes about 20 feet. Just enough to block my neighbors windows.

I hope that you have found this helpful. Thanks again for reading the blotter!

Dianne

Lake Oswego Canals

The city/town of Lake Oswego completely surrounds Oswego Lake. Living here is all about the water. There are various options when it comes to considering waterfront property. The main lake is one (most expensive option) the bays are another possibility, and then there are the unique and beautiful canals that are actually more affordable & have that other-worldly or at least Venetian feel.

But whether you live waterfront or not, the water is a constant companion & everything in Lake Oswego is built to accommodate it’s flow. Before I became a Realtor (waaaay back ; ) I used to work in Lake Oswego. And I would drive from my Palisades home via South Shore Blvd to get to my office. I love that drive, and especially love passing over the bridges that cross the canals. There is such a peaceful feeling to it. The only better commute came when I shifted to an in-home office! But of course I can always find a reason, work-related or not, to wind my way along South Shore.

Traversing along South Shore, you cross three bridges. Oswego Canal runs alongside Kelok Rd & was completed in 1872 when it was dug with the intention to connect the Tualatin River to the Willamette River via “Sucker Lake” (originally known “Waluga Lake” & later more eloquently renamed from the “Sucker Lake” moniker given it by the settlers). It was widened in 1881. Originally this canal was meant to allow for lumber & other goods to traverse across the lake & then move on to the Willamette across a very short distance via a planned series of aqueducts to adjust for elevation differences. Those aqueduct plans were eventually scrubbed after Willamette Falls Locks created a new and easier/preferable shipping option than the Tualatin River.

The other two canals that you cross over when taking that beautiful scenic drive are the Blue Heron Bay/Canal. It winds along and ends before you reach Bryant Rd, not connecting to any other body of water than Oswego Lake. West Bay also has a shorter canal that you’ll cross over while on South Shore that leads from the lake to the bay.

On the other side of the lake, a short canal was dug back in 1828 to connect to a marshy area called the Duck Pond which was flooded and then became a part of the lake. We know it as Lakewood Bay near city-center shops, restaurants, the theater, Millenium Plaza Park, and Hwy 43/State St. There is a little bridge over the canal at Northshore Rd.

Market Activity ~Jan 17-23, 2022

Greetings Dear Property Blotter Readers! Last week we had just one property come to market, and that one was on the market in December/then something happened & it came back as available. It is a beautiful home! I used to live right up the hill from it and though it backs to a busy road, the landscaping and well-nurtured privacy they’ve created is really something to see. Plus, it is in a coveted spot in Palisades! It’s very near to where the Palisades Market used to be…I called it Planet Palisades as when you walked in the door (which I did often), the ambience and the people who worked there really did make your day…every time. There is a New Seasons slated to go in that space and I have a feeling they will carry that whole tradition forward. The 7 Dees landscaping nursery is also nearby, as is a really nice Thai dining place, as well as easy access on Stafford or South Shore or Hwy 43…its all close, and the list goes on. Check it out if you’re looking.

We also saw 11 properties move to Pending status, and 10 that Closed/Sold. Right now there are 36 properties available in Lake Oswego from $248,000 to $5.2.

Here is the breakdown for last week according to RMLS:

NEW Jan 17-23, 2022

AddressList Price# Beds# BathsTotal SFProp Type
1720 KILKENNY DR $        699,90032.11348DETACHD

PENDING Jan 17-23, 2022

AddressList Price# Beds# BathsTotal SFProp TypeDays
100 KERR PKWY  #38$185,00011628CONDO123
30 CRESTFIELD CT$290,00022989CONDO1
1719 ASPEN CT$575,000321444DETACHD49
16940 SW TRACY AVE$650,00041.21656DETACHD88
17763 MARDEE AVE$741,900532110DETACHD6
8 DA VINCI ST$779,000532906DETACHD4
19001 REDWING WAY$829,00032.12116DETACHD3
12962 KNAUS RD$829,00032.11952DETACHD230
14361 SHERBROOK PL$899,00032.12100DETACHD2
17095 WESTVIEW DR$985,000433356DETACHD2
13888 SHIREVA DR$1,200,00052.13827DETACHD4

SOLD Jan 17-23. 2022

AddressOpeningClosedBedsBathsSFProp TypeDays
100 KERR PKWY  #19$170,000$170,00011617CONDO52
200 SW Burnham RD  #203$299,000$296,000211199CONDO29
4429 THUNDER VISTA LN$479,900$455,00022.12002CONDO111
4 PREAKNESS CT$550,000$500,000321985ATTACHD32
4939 HAMPTON CT$895,000$900,00042.12971DETACHD62
41 AQUINAS ST$785,000$985,00043.13558DETACHD1
425 KENWOOD RD$1,090,000$1,140,00032.13527DETACHD6
223 Cornell CT$965,000$1,190,00053.13756DETACHD10
1913 CHERYL CT$1,895,000$1,699,00044.15341DETACHD103
4247 LORDS LN$2,650,000$2,275,00043.13785DETACHD115

Criteria: (RMLS DATA) 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 Best Playground, Ever

The playground at Hallinan Elementary School is, in my opinion, the best playground that I have experienced with both my kids and with my grand kids. It’s HUGE with so many slides, things to climb on, and a vast array of simple to complex physical challenges for kids.

Before I moved to Lake Oswego, over 20 years ago, I lived in SE Portland. I must have discovered this playground while showing houses in the neighborhood. After I found it, I began driving to Lake Oswego with my children to enjoy it with them.

Along with the playground, there is a huge field that has a walking path around it. When my kids got older, I could bring them there and take a walk while having a visual on them as they played.

Bear in mind that it’s only available when school is not in session. The school is located at 16800 Hawthorne Dr in the Hallinan neighborhood of Lake Oswego.

Get out there and enjoy the fresh air with your kids and your grand kids! And, as always, thanks for reading the blotter.

Dianne

Market Activity January 10-16, 2022

We are still in the slowness of winter with just 4 new listings, 9 pending sales, and 7 sold/closed properties in Lake Oswego last week. Having said that, it’s a hot market. Inventory is just so low and when a house comes onto the market, bidding wars are common. As we move into February, I expect the inventory to improve. It is a great time to list your house for sale!

See below for RMLS data.

New on the Market January 10-16, 2022

AddressTypePriceBRBathsSq Ft
959 Lee StDetached$719,000322340
17763 Mardee AveDetached$741,900532110
566 4th StAttached$1,549,00044.5+.53376
5001 Park Bluff PlDetached$2,200,000444022

Pending Sales January 10-16, 2022

AddressTypePriceBRBathsSq FtCDOM
4632 Lower Dr B2Condo$320,00021.5117029
19 Britten CtAttached$535,0002213945
4 Preakness CtAttached$550,00032198532
17617 Sydni CtCondo$799,90052.5263435
13522 Provencial Hill WayDetached$899,00032.532441
17154 Lowenberg TerrDetached$1,295,00053.5341240
180 Iron Mountain BlvdDetached$1,495,000543378124
16538 Maple CircleDetached$1,550,00043.528544
567 10th StDetached$1,800,00043.5470685

Sold/Closed January 10-16, 2022

AddressTypeList PriceSold PriceSq FeetDOM
58 Galen StCondo$224,900$215,00068725
156 Ridgeway RdCondo$450,000$420,0001758174
2320 Glen Haven RdDetached$649,000$680,00013461
326 Lake Bay CtDetached$820,000$820,00014273
1500 Morning Sky CtDetached$1,178,000$1,098,0004,402107
769 4th StDetached$1,965,000$1,965,000392229
2643 Southshore BlvdDetached$3,300,000$2,750,0004543146

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.