A Tribute

Today I want to share with you something personal, and yes, it does have to do with real estate. You see, my Mom passed away on October 16th. If you have ever worked with me, you’ve heard me talk about my Mom. So this isn’t new to you. But if you haven’t worked with me, I feel a need to tell you about the best Realtor I have ever known.

My Mom got her real estate license in 1976. She was raised in an era when she wanted to major in business at Oregon State, but as a woman she had to major in “Secretarial Sciences”. Seriously. But she had a head for business. She hung her license at Shelter Properties on Boones Ferry Rd in Lake Grove. There she got her feet on the ground and at one time, after listing an entire new subdivision, got chewed out for besting a more prominent agent, a bit of a diva, for beating her out with most new listings for the month.

She moved on to Professionals 100. In 1987, after the birth of my daughter, I was agonizing over having to put my baby into daycare 5 days a week. I had a back ground in sales. I had actually been a sales trainer for a health club organization. My Mom’s business was booming. She was the leading sales agent in the metro area for Great Western Savings and Loan. She was handling their foreclosure properties and she had just been handed about 20 properties to list and sell. She needed help. She called me up and asked if, perhaps, my husband would consider coming to work for her. My reaction? My husband, what about me? That’s when I started my real estate career. It was 33 years ago. I’ve never looked back.

At first, I was her assistant. As I gained experience, we became a team. Then, as she approached retirement, she became my assistant. It’s probably the best possible circumstance in which to be in this business. You see, real estate has a lot of moving parts. So many people are involved: the buyer, the seller, the inspector, the appraiser, the lender. This means that it’s complicated and no two transactions are the same. As Realtors, we need sounding boards, people we respect and rely on to help us navigate complex circumstances so that we can give our clients the best advice possible, for their benefit, not for out own.

About the time that my Mom retired, I met Linda. She and I have known each other for at least 15 years. She calls me, I call her, she filled that void that opened up when my Mom retired. I don’t know how anyone can be in this business without a confidant.

So yes, I’m grieving. But I’m grateful. How lucky am I to have had Mom who, along with giving me life and raising me, gave me a career?

Today I want to salute my Mom. Oh what a wonderful woman she was!

Dianne

Market Activity Oct 3-11, 2020

Last week in Lake Oswego the market kept chugging right along. We had 13 properties come onto the market, 38 received accepted offers and went into pending status, and 19 sold/closed sales.

See below for an explanation of the RMLS data

New on the market Oct 3-11, 2020

AddressTypePriceBRBathsSq Ft
344 Cervantes CircleCondo$223,00021.5921
668 McVey Ave #83Condo$259,00021.5992
34 Wheatherstone #17Condo$399,00032.51692
17841 Westview DrDetached$739,000422448
4681 Trillium WoodsAttached$749,00032.52185
13903 Sundeleaf DrDetached$750,000422496
17421 Brookhurst DrDetached$899,90043.53756
27 Juarez StDetached$998,00053.54889
1891 Palisades Lake CtDetached$1,425,00044.55389
1947 Summit DrDetached$1,795,00045.55570
907 Terrace DrDetached$3,000,00064.5+.5+.57296
1405 Country CommonsDetached$3,150,00054.5+.56522
3917 Southshore BlvdDetached$5,200,00044.5+.55083

Pending sales Oct 3-11, 2020

AddressTypePriceBRBathsSq FtCDOM
72 Galen StCondo$182,500116903
92 Cervantes CircleCondo$205,00021.591236
15938 Quarry Rd A-6Condo$235,000219914
4 Touchstone #70Condo$245,00032.51351136
5225 Jean Rd #506Condo$255,0002211002
45 Eagle Crest Dr #401Condo$285,00032134840
4107 Jefferson PkwyCondo$325,00022.5150732
15486 Brianne CtAttached$375,00022.512468
18275 Terry CtDetached$459,90031.512702
1001 Cedar StDetached$499,00042.5257228
5713 Kenny StDetached$499,9003213844
937 Country Club RdDetached$503,50021165023
19167 Longfellow AveDetached$525,0003217826
12 Saint Helens CircleDetached$525,00032178029
4862 Indian Creek CtDetached$534,9003213904
86 Greenridge CtAttached$597,00043.52718109
14863 Twin Fir CtDetached$610,00032164877
1427 Aspen STDetached$635,00042231915
4420 Galewood StDetached$649,00032.520784
2165 Ridge Pointe DrDetached$650,0004347495
312 4th StAttached$720,00022.517133
300 4th StAttached$724,90022.5173159
4388 Snowbrush CtDetached$799,000543928153
100 D AveAttached$825,00022.5184729
2100 Summit DrDetached$849,9003323585
345 E AveDetached$899,0003215822
2885 Dellwood DrDetached$924,90043.5374978
5690 Bay Creek DrDetached$969,00042.532684
5871 Ridgetop CtDetached$975,00042.535433
17641 Brookhurst DrDetached$989,00042.534705
2900 Upper DrDetached$1,040,00032227228
2701 Glen Haven RdDetached$1,085,0003231343
1507 Cedar STDetached$1,099,90032.5250567
428 C AveAttached$1,149,88833260712
18320 Meadowlark LnDetached$1,577,00044.5+.56054159
1588 View Lake CtDetached$1,995,00042.5+.544294
19025 Hill Top RdDetached$2,199,50054.55366215
15607 Village DrDetached$2,589,00053.55407230

Sold/Closed sales Oct 3-11, 2020

AddressTypeList PriceSold PriceSq FtCDOM
90 Galen StCondo$149,900$150,4005524
16200 Pacific Hwy #24Condo$357,900$300,0001,190164
21 Britten CtAttached$429,000$445,00019724
6136 Fernbrook CircleDetached$449,900$482,50012505
5767 Baliene StDetached$499,900$514,900116045
5907 Kenny StDetached$499,900$530,00012831
2823 Orchard Hill PlDetached$550,000$567,50023024
2735 Greentree RdDetached$579,900$590,00016167
620 Tippecanoe CtDetached$649,900$650,00017189
875 Boca Ratan DrDetached$749,000$675,000250224
4403 Oakridge RdAttached$760,000$719,000205255
16419 Lexington CtDetached$739,000$725,00024099
5269 Denton DrDetached$940,000$950,00031733
1149 Cherry LnDetached$1,050,000$1,015323112
408 Northshore RdDetached$1,395,000$1,3253753254
1318 Horseshoe CurveDetached$1,425,000$1,42537153
18147 Pilkington RdDetached$1,796,000$1,660463615
305 Chandler PLDetached$2,850,000$2,700533443
757 Lake Shore RdDetached$3,089,000$2,995409872

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 ~ Aug 2020 Numbers

Here is your look at the most recent data for the entire Portland area (August 2020) and how Lake Oswego fits in to this picture just below.

Inventory is still very low.  Pending Sales (Offers being accepted) are up this summer. About the same as July, and up a whopping 26.2% from last year.

It is still considered a Sellers’ Market and Buyers are still out en force. Rates are still very good, around 2.875 today.

According to the RMLS Market Action Report for the Portland Metro Area, August 2020:

  • There were 3,885  New Listings in Aug 2020 which increased 3.4%  from Aug of 2019’s 3,757, and decreased 8.3% over the previous month/July’s 4,236.
  • At 3,149, Aug 2020’s Closed Sales are up at 8.5% from Aug 2019’s 2,901, and dropped by 7.1% from the previous month/July 2020’s total of 3,391
  • At 3,697, Aug 2020’s Pending Sales are up 26.2% from Aug 2019’s 2,929, and increasing 1.1% over the previous month/July 2020’s total of 3,656.
  • The Average Sale Price in Aug 2020 of $511,000 is up $48,400 from last year/Aug 2019’s $462,600, and is also up $8,700 from the previous month/July 2020’s $502,300.   YTD increase is 4.8%.
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in Aug 2020 of $449,000 rose from last year/July 2019’s $417,500 by $31,500, and is up by $4,000 from the previous month/July 2020’s $445,000    YTD increase is 4.9%.

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

  • North Portland:  $461,800              3.6%   (July $453,900)
    •                                                     YTD Median: $427,000
  • NE Portland:  $527,500                   2.6%   (July $515,100)
    •                                                     YTD Median: $445,000
  • SE Portland:  $487,200                   4.7%   (July $459,500)
    •                                                     YTD Median: $400,000
  • Gresham/Troutdale:   $393,900     2.3%   (July $393,100)
    •                                                     YTD Median: $369,000
  • Milwaukie/Clackamas:  $480,800  4.9%   (July $487,000)
    •                                                     YTD Median: $442,000
  • Oregon City/Canby:   $481,800      4.5%   (July $447,300 )
    •                                                     YTD Median: $439,800
  • Lake Oswego/West Linn:$787,000  10.2%  (July $830,600)
    •                                                      YTD Median: $629,000
  • West Portland:    $656,500             1.8%  (July $629,500)
    •                                                     YTD Median: $540,000
  • NW Wash County:  $574,200          2.5%   (July $575,600 )
    •                                                      YTD Median: $513,000
  • Beaverton/Aloha:     $442,000       3.1%   (July $416,300)
    •                                                     YTD Median: $410,500
  • Tigard/Wilsonville:   $537,900        5.7%   (July $537,300)
    •                                                      YTD Median: $474,000
  • Hillsboro/Forest Grove: $452,400  5.8%   (July $437,100)
    •                                                      YTD Median: $404,000

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of August 2020 reported:

    •  290 Active Listings (July 311)
    •  229 New Listings     (July 242)
    •  208 Pending Sales   (July 191)
    •  178 Closed Sales       (July 193)
    • Average Sale Price for Aug: $787,000  (July $830,600)
      • 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.
    •  71 Average Days on the Market   (July 62)

 

Market Activity ~ Sept 14-20, 2020

Last week in Lake Oswego there were 14 New listings, 20 properties that went into Pending status, and 32 Closed sales.  There are currently 181 Properties for sale in Lake Oswego!

Following is the breakdown for you according to RMLS:

New on the Market (Sept 14-20, 2020)

Address List Price # Beds # Baths Total SF Prop Type
4 TOUCHSTONE #112 $219,900 3 2.1 1351 CONDO
4615 LAKEVIEW BLVD/Grnd $242,500 1 1 753 CONDO
4045 JEFFERSON PKWY $310,000 2 2.1 1182 CONDO
668 McVey AVE #65 $315,000 1 1 636 CONDO
937 COUNTRY CLUB RD $503,500 2 1 1650 DETACHD
5885 DOVE CT $599,900 3 3 1795 DETACHD
29 WALKING WOODS DR $600,000 3 2 2311 DETACHD
17226 TUALATIN ST $695,000 4 2.1 1942 DETACHD
15988 WHITE OAKS DR $749,950 4 2.1 2854 DETACHD
13998 WESTCOTT CT $849,900 4 2.1 2727 DETACHD
13217 FOX RUN $868,000 4 3 2906 DETACHD
639 CARRERA LN $1,350,000 4 3.1 4447 DETACHD
15536 VILLAGE DR $1,350,000 5 3 3985 DETACHD
629 5TH ST $1,475,000 4 2.1 2985 DETACHD

Pending Sales (Sept 14-20, 2020)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4000 Carman DR A-16 $257,000 2 2 1025 CONDO 48
213 OSWEGO SMT / Upper $312,700 2 2 1383 CONDO 4
16200 PACIFIC HWY #24 $315,900 2 2 1190 CONDO 164
4093 JEFFERSON PKWY $324,500 2 2.1 1302 CONDO 22
6073 HARRINGTON AVE $429,900 2 1 1050 DETACHD 34
1001 CEDAR ST $499,000 4 2.1 2572 DETACHD 5
5907 KENNY ST $499,900 3 2 1283 DETACHD 1
18706 BRYANT RD $645,000 3 2.1 2489 DETACHD 99
49 TANGLEWOOD DR $649,900 4 2.1 2502 DETACHD 161
15480 HERITAGE CT $665,000 4 2.1 2432 DETACHD 6
39 TOUCHSTONE $699,900 4 3 3400 DETACHD 39
2 MOZARTEUM CT $705,000 4 2.1 2192 DETACHD 4
4045 MELISSA DR $758,000 4 2.1 2529 DETACHD 7
2341 STONEHURST CT $885,000 4 2.1 3389 DETACHD 15
19457 35TH CT $929,000 4 2.1 3538 DETACHD 40
5983 CLAIRMONT CT $975,000 5 3 3518 DETACHD 1
15469 DIAMOND HEAD RD $1,098,000 4 3 3734 DETACHD 460
717 8TH ST $1,170,000 4 2.1 2584 DETACHD 54
17522 BRYANT RD $1,399,000 4 4 3545 DETACHD 39
17787 CARDINAL DR $2,098,000 4 4 3270 DETACHD 62

Sold/Closed (Sept 14-20, 2020)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
44 EAGLE CREST DR #15 $170,000 $164,000 1 1 798 CONDO 23
4 TOUCHSTONE #81 $224,950 $175,000 3 2.1 1350 CONDO 29
4 TOUCHSTONE #130 $205,000 $195,000 2 2 984 CONDO 186
3864 BOTTICELLI ST $257,500 $255,000 2 1.1 1132 CONDO 28
7 SUMMIT RIDGE CT $449,000 $440,000 2 2.1 1704 ATTACHD 14
1 PHEASANT RUN $475,000 $450,000 3 2.1 1780 DETACHD 11
18344 TERRY AVE $425,000 $476,000 3 1 1204 DETACHD 6
151 KINGSGATE RD $499,999 $490,000 2 2 1585 DETACHD 34
112 TOUCHSTONE TER $520,000 $535,000 3 2.1 2002 ATTACHD 0
17200 ROBB PL $610,000 $600,000 3 2.1 2206 DETACHD 9
1714 MEADOWS DR $583,000 $602,000 3 2 1804 DETACHD 4
5834 SEVILLE AVE $679,900 $620,000 3 2 2056 DETACHD 13
4962 HARVARD CT $670,000 $642,000 4 2.1 2522 DETACHD 52
12788 SIERRA VISTA DR $770,000 $722,000 4 3.1 2880 DETACHD 29
460 BOCA RATAN DR $705,000 $750,000 3 3 2164 DETACHD 5
1868 GLENMORRIE DR $829,900 $769,000 4 4 3158 DETACHD 12
13885 PROVINCIAL HILL DR $799,500 $790,000 4 3.1 2970 DETACHD 2
885 8TH ST $949,000 $885,000 3 2 1730 DETACHD 36
17358 BROOKHURST DR $895,000 $895,000 4 3 3592 DETACHD 2
5224 LOWER DR $925,000 $925,000 4 3 2571 DETACHD 5
44 TOUCHSTONE $975,000 $955,000 5 3 2507 DETACHD 25
19345 RIVERWOOD LN $975,000 $969,000 4 3.1 3383 DETACHD 7
6040 LAKEVIEW BLVD $1,200,000 $1,123,000 5 3 3701 DETACHD 42
18253 SIENA DR $1,395,000 $1,200,000 5 4 4375 DETACHD 63
5337 WASHINGTON CT $1,225,000 $1,225,000 4 3 3789 DETACHD 5
3122 Glenmorrie DR $1,299,000 $1,225,000 4 3.1 3724 DETACHD 14
17684 STAFFORD RD, Lot 3 $1,499,950 $1,435,000 6 4.1 4407 DETACHD 563
3600 SOUTHSHORE BLVD $1,650,000 $1,463,845 3 2.1 2117 DETACHD 60
610 4TH ST $1,650,000 $1,525,000 4 2.1 3394 DETACHD 157
883 8th ST $1,750,000 $1,675,000 5 4.1 4546 DETACHD 29
936 EVERGREEN RD $1,995,000 $1,920,000 4 3.1 3772 DETACHD 297
18414 OLD RIVER LNDG $2,980,000 $2,400,000 4 4.2 7022 DETACHD 95

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.

8 Ways to Make a House Feel Larger

I think it is pretty well understood that proper staging of a house will help it to sell both more quickly and also at a higher price. One of the key elements in good staging is to make the rooms in the house feel as large as possible. In some houses this is easy because they already have large rooms. In other houses it needs to be enhanced and here are a few tips to help get this accomplished.

1. Think vertical. Decorating elements that draw the eye up to the ceiling will help the room feel taller. This can be done with a book shelf that goes all the way to the ceiling or a pendant light fixture that hangs down from the ceiling.

2. Use furniture that you can see under or through. Sofas and chairs with legs rather than skirts allows the eye to see under and beyond them. A glass coffee table or dining table also accomplishes this.

3. White walls and trim lightens the room and gives a sense of soaring, bright space.

4. Go with a few big accents as opposed to a bunch of little ones. A big piece of art or a single large chair has more impact than a bunch of little stuff that makes a room feel cluttered and cramped.

5. Get away from the wall. Pull furniture way from the wall and into the room to create conversation areas. When a sofa is pushed up against a wall, it drawers your eye to the wall, which brings the walls forward and makes the room feel smaller.

6. Simplify the color scheme. When walls and furniture are complimentary shades of the same color scheme it makes the room feel unified and more spacious. A bunch of different colors draws the eye to each individual object as opposed to a unified and uncomplicated space.

7. Don’t hang curtains. Curtains obstruct views to the outside and block natural light.

8. Bring the outside in. See #7 above, but also consider having a few house plants and decorating with natural objects and fibers. This helps to bring the outdoors inside to combine the space and enlarge the feeling of living area.

One of the services that Linda and I provide is that we go through a house with the homeowner before it is listed for sale. Visiting each room, we advise what to do to get that room ready so that it will show at its very best. Please don’t hesitate to give one of us a call if you are wanting to get your house ready to sell.

I hope you have found this information helpful. As always, thanks for reading the blotter.
Dianne

Market Activity Sept 7-13, 2020

The Portland Metro area has been all over the National news this past week due to the intense smokey conditions from the surrounding wildfires. I am happy to say that heavy rain yesterday has cleared the air and we are enjoying bright blue skies. Hallelujah!

Despite the smoke, last week was another busy time for Lake Oswego real estate with 16 new listings, 28 pending sales, and 25 closed sales.

New on the Market (Sept 7-13, 2020)

Address Type Price BR Baths Sq Ft
6930 Montauk Circle Condo $235,000 2 1 924
5 Summit Ridge Ct Attached $429,900 2 2.5 1576
1001 Cedar St Detached $499,000 4 2.5 2572
12 Saint Helens Circle Detached $525,000 3 2 1780
1920 Southshore Blvd Detached $579,900 3 2 1313
5364 Rosewood St Detached $599,000 4 2.5 1980
25 Becket St Detached $650,000 5 3 3112
4045 Melissa Dr Detached $758,000 4 2.5 2529
12793 Sierra Vista Dr Detached $779,000 4 3.5 3650
100 D Ave Attached $825,000 2 2.5 1847
6435 McDuff Ct Detached $975,000 5 3.5 3424
2900 Upper Dr Detached $1,040,000 3 2 2272
928 Cedar St Detached $1,175,000 4 3.5 3182
15650 Quarry Rd Detached $1,298,000 3 2.5 3126
2120 Glenmorrie Dr Detached $1,449,000 4 3.5 4383
18035 Skyland Circle Detached $1,595,000 4 3.5 3893

Pending Sales (Sept 7-13, 2020)

Address Type Price BR Baths Sq Ft CDOM
75 Oswego Summit Condo $178,000 1 1 1058 11
126 Oswego Summit Condo $195,000 1 1 764 30
4000 Carman Dr G97 Condo $259,000 2 2 926 3
6 Britten Ct Attached $425,000 2 2 1317 18
6024 Fernbrook Circle Detached $494,900 3 2 1616 2
5767 Baleine St Detached $509,900 3 1.5 1160 45
2823 Orchard Hill PL Detached $550,000 3 2.5 2302 4
14781 Rainbow Dr Detached $585,000 4 3 1612 3
200 Burnham Rd #311 Condo $599,000 3 2 1894 63
875 Boca Ratan Dr Detached $699,000 5 3 2502 24
17897 Sundown Ct Detached $699,900 5 3 3755 403
400 4th St Attached $724,900 2 2.5 1731 27
5820 Stewart Glenn Ct Detached $739,000 5 2.5 3262 123
12883 Sierra Ct Detached $779,000 3 3 2996 1
18857 Indian Springs Circle Detached $839,900 4 3 2572 9
17931 Meadowlark Ln Detached $899,900 5 3.5 4385 14
3200 Upper Dr Detached $900,000 4 3 2543 4
5269 Denton Dr Detached $940,000 4 2.5 3173 3
1029 Laurel St Detached $959,900 5 3.5 3195 55
4140 Melissa Dr Detached $1,149,000 5 5.5 3910 14
749 Southview Rd Detached $1,300,000 4 3.5 3123 95
14480 Kruse Oaks Blvd Detached $1,325,000 4 3.5 4661 79
13744 Knaus Rd Detached $1,450,000 4 3.5 3667 8
3920 Upper Dr Detached $1,500,000 4 3.5 3800 115
16877 Canyon Dr Detached $1,629,900 4 4 3771 21
3735 Upper Dr Detached $1,800,000 4 4 4056 0
3109 Douglas Dr Detached $1,895,000 5 4.5+.5 4880 79
15608 Village Dr Detached $2,589,000 5 3.5 5407 497

Sold/Closed (Sept 7-13, 2020)

Address Type List Price Sold Price Sq Ft CDOM
16 Cervantes Circle 6E Condo $220,000 $215,000 912 6
750 1st St #D25 Condo $325,000 $316,000 1,350 8
13 Becket St Detached $550,000 $452,000 4064 7
17175 Rebecca Ln Detached $575,000 $575,000 1833 2
12 Walking Woods Dr Detached $568,000 $660,000 2177 3
1953 Indian Trail Detached $675,000 $680,000 2110 12
12562 Orchard Hill Rd Detached $739,000 $730,000 2574 47
4108 Orchard Way Detached $774,000 $755,000 3010 25
1500 Eastview Ct Detached $829,999 $790,000 3872 116
4405 Sundew Ct Detached $850,000 $840,000 4535 107
19263 Megly Ct Detached $899,900 $865,000 3242 66
12641 Adrian Ct Detached $896,448 $896,448 3602 9
1766 Palisades Terrace Dr Detached $930,000 $907,600 2805 67
16754 Quail Ct Detached $1,088,000 $920,000 3329 131
6016 Clairmont Ct Detached $950,000 $930,000 3210 $9
2655 Dellwood Dr Detached $915,000 $950,000 3164 28
17517 Oak Meadow Ln Detached $949,900 $993,000 2952 3
5677 Charles Circle Detached $995,000 $995,000 2976 5
18400 Delenka Ln Detached $998,800 $1,000,000 5245 27
18820 Green Bluff Dr Detached $1,395,000 $1,325,000 5572 183
14190 Sundeleaf Dr Detached $1,459,900 $1,422,500 3688 28
12812 Alto Park Rd Detached $1,500,000 $1,480,000 4040 26
14530 Uplands Dr Detached $1,639,000 $1,589,000 4080 174
17036 Canal Circle Detached $1,650,000 $1,600,000 3931 708
17147 Old River Dr Detached $2,350,000 $2,350,000 6936 52

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.

Lake Oswego and the Clackamas County Fires

Pardon me for this brief post. We’re all very busy with real estate amidst the wildfire situations that are hopefully subsiding. Our beloved Lake Oswego was poised to be on alert, but has now been taken off that alert status.  All of us are balancing normal lives with this additional set of circumstances.  You can set yourself up to receive alerts at this link: CLICK HERE

For now we all are thinking of our friends and loved ones in less protected areas who have needed to evacuate.  We’re grateful to only be dealing with the smoke and know that our blue skies are slated to return this week with some much anticipated rain.

Market Activity ~ Aug 31 – Sept 6, 2020

Last week in Lake Oswego there were 14 New listings, 33 properties that went into Pending status, and 29 Closed sales.  There are currently 190 Properties for sale in Lake Oswego!

Following is the breakdown for you according to RMLS:

New on the Market (Aug 31-Sept 6, 2020)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY #5 $169,000 1 1 617 CONDO
92 CERVANTES CIR $205,000 2 1.1 912 CONDO
3872 BOTTICELLI ST $289,900 3 2 1171 CONDO
4107 JEFFERSON PKWY $329,000 2 2.1 1507 CONDO
4347 SILVER CT $455,000 3 2.1 1844 CONDO
2631 SW ORCHARD HILL PL $619,900 4 2.1 2447 DETACHD
18857 INDIAN SPRINGS CIR $839,900 4 3 2572 DETACHD
5228 LOWER DR $850,000 3 2.1 2723 DETACHD
4850 LOWER DR $869,900 4 3 2700 DETACHD
2591 PALISADES CREST DR $1,219,000 3 2.1 4916 DETACHD
13744 KNAUS RD $1,450,000 4 3.1 3667 DETACHD
13594 GOODALL RD $1,669,000 4 4.1 3732 DETACHD
14500 UPLANDS DR $2,599,000 5 4.2 5544 DETACHD
1101 CRESTLINE CT $3,695,000 4 4.3 7226 DETACHD

Pending Sales (Aug 31-Sept 6, 2020)

Address List Price # Beds # Baths Total SF Prop Type CDOM
217 CERVANTES $250,000 2 1.1 1204 CONDO 12
4000 Carman DR, A-16 $257,000 2 2 1025 CONDO 37
3864 BOTTICELLI ST $257,500 2 1.1 1132 CONDO 28
16200 S Pacific HWY #23 $319,000 2 2 1208 CONDO 64
30 WHEATHERSTONE $415,000 3 2.1 1692 CONDO 1
25 AQUINAS ST $445,000 3 2 1477 DETACHD 18
6136 FERNBROOK CIR $449,900 3 1 1250 DETACHD 5
18508 BENFIELD AVE $479,900 4 2 1521 DETACHD 5
19175 SW PILKINGTON RD $599,900 3 1.1 1820 DETACHD 5
17950 MEADOWLARK LN $649,000 5 3 2710 DETACHD 32
639 2ND ST $649,900 2 2.1 1457 ATTACHD 25
620 TIPPECANOE CT $649,900 3 2 1718 DETACHD 9
6550 CHILDS RD $650,000 4 3 1864 DETACHD 2
17838 LAKE HAVEN DR $839,900 4 3 2214 DETACHD 3
17898 HILLSIDE DR $849,000 4 3 4158 DETACHD 8
1983 RIDGEWOOD RD $898,000 5 4.1 4961 DETACHD 142
5303 AMBERWOOD CT $999,000 3 2.1 3490 DETACHD 18
3343 FIR RIDGE RD $999,850 4 3 3430 DETACHD 23
1149 CHERRY LN $1,050,000 3 2.2 3231 DETACHD 12
4471 West RD, Lot 4 $1,125,000 4 3 3885 DETACHD 10
929 COUNTRY CMNS $1,200,000 4 3 3962 DETACHD 43
2250 SOUTHSHORE BLVD $1,248,000 4 4.1 4432 DETACHD 201
3080 WESTVIEW CIR $1,299,000 4 3 3473 DETACHD 38
16850 CORTEZ CT $1,349,900 4 4 3550 DETACHD 134
210 NORTHSHORE RD $1,398,000 4 3.1 3148 DETACHD 891
1318 HORSESHOE CURV $1,425,000 5 3 3715 DETACHD 3
17010 Canal CIR $1,665,000 4 3.1 3746 DETACHD
4233 UPPER DR $1,665,000 5 3.1 3902 DETACHD 430
936 EVERGREEN RD $1,949,000 4 3.1 3772 DETACHD 297
1217 Lake Front RD $1,995,000 3 2.1 2628 DETACHD 75
17787 CARDINAL DR $2,098,000 4 4 3270 DETACHD 44
16793 GRAEF CIR $2,150,000 4 3.1 4220 DETACHD 116
757 LAKE SHORE RD $3,089,000 4 3.1 4098 DETACHD 72

Sold/Closed (Aug 31-Sept 6, 2020)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
44 EAGLE CREST DR #9 $194,900 $194,900 2 1 908 CONDO 4
3930 LAKE GROVE AVE #3A $210,800 $200,000 2 1 956 CONDO 183
4000 CARMAN DR, C39 $229,000 $223,500 2 2 866 CONDO 14
47 EAGLE CREST DR $259,500 $236,500 3 2 1026 ATTACHD 64
90 OSWEGO SMT / Upper $239,000 $241,500 2 2 1140 CONDO 2
4621 LAKEVIEW BLVD / Upper $279,999 $276,000 2 2 1178 CONDO 8
4372 WOODSIDE CIR $339,900 $342,000 2 2 1178 ATTACHD 4
12844 BOONES FERRY RD / Grnd $409,900 $398,000 2 2.1 1177 CONDO 21
1224 HEMLOCK ST $400,000 $415,000 2 1 784 DETACHD 3
16215 LAKE FOREST BLVD $425,000 $425,000 3 1 1001 DETACHD 5
19235 REDWING CT $619,900 $581,109 4 2 2084 DETACHD 6
13758 REGENCY CT $649,900 $665,000 3 2.1 1986 DETACHD 2
762 D AVE $640,000 $680,000 2 2 1358 DETACHD 2
5675 VICTORIA CT $800,000 $682,000 3 2.1 2546 DETACHD 92
2811 PARK RD $659,000 $690,000 4 2.1 2248 DETACHD 4
397 LIVINGOOD LN $719,000 $714,000 3 2.1 2631 DETACHD 6
2782 TOLKIEN LN $799,000 $728,812 4 3.1 3207 DETACHD 19
4991 HARTFORD PL $859,950 $830,000 3 3.1 3098 DETACHD 28
802 CLARA CT $849,000 $839,000 4 3 2886 DETACHD 7
32 WILBUR ST $862,500 $862,500 3 2.1 2671 CONDO 1
18283 LOTHLORIEN WAY $889,000 $875,000 4 3 3053 DETACHD 13
18220 RIVER EDGE CT $1,050,000 $938,800 4 3 3432 DETACHD 60
1425 MORNING SKY CT $895,000 $945,000 4 3 3282 DETACHD 2
100 LEONARD ST $1,079,000 $1,015,000 3 2.1 3137 CONDO 21
1300 GLENMORRIE DR $1,050,000 $1,050,000 5 3.1 4613 DETACHD 3
14414 PFEIFER DR $1,199,000 $1,210,000 4 3.1 3744 DETACHD 61
13344 BRIARWOOD LN $1,369,000 $1,315,000 4 3 3413 DETACHD 394
2126 WEMBLEY PL $1,425,000 $1,400,000 4 3.1 3531 DETACHD 42
14722 UPLANDS DR $1,599,000 $1,680,900 4 4.1 3831 DETACHD 3

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.

LO’s Gallery Without Walls

There are a few things that Lake Oswego is known for: great schools, the amazing hanging flower baskets, and the Gallery Without Walls. These three items, in my opinion, pretty much define this town. Personally, I moved to LO for the schools. I’ve never regretted that decision. The schools are profoundly better than the community I moved away from. So that’s why I moved here. But why did I stay?

My kids are now in their 30’s. I do appreciate the schools, but I stayed because of the town. This town is wonderful. I have been very active in Girl Scouts and various groups like book clubs and the Festival of the Arts. There is true community here. I also stayed because, well, it’s beautiful in LO. Driving about town I just so enjoy the famous hanging flower baskets and the many out door sculptures that make up the Gallery Without Walls. They make me feel optimistic. Art is an important part of my life. I want to see it as much as I can!

The Gallery Without Walls was started 20 years ago. Each winter a committee from the Lake Oswego Arts Council begins the selection process for the years selections. The sculptures are installed in October and remain for two years. So every year half the on loan sculptures are switched out and new installations are installed.

Also each year the citizens of LO vote on the People’s Choice. The winning sculpture is purchased by the Arts Council and installed in a new location as a permanent feature. Over the years the permanent collection has grown to include 50 pieces that are located all over town. Along with the permanent collection and on the on-loan collection, the city now enjoys 90 sculptures. That’s a lot of art to enjoy as you drive to drop your kids off at school or go to get groceries. It makes the day just a little bit sweeter.

Gallery Without Walls is just one more reason that I love living in LO.
Dianne

Market Activity August 24-30, 2020

Last week in Lake Oswego we had 18 new listings come onto the market, 37 properties that went into pending status, and 26 sold/closed properties. What I find interesting is that of the 26 new listings, 13 sold for over the asking price, and 5 sold for the asking price. It is certainly a seller’s market right now.

New on the Market (August 24-30, 2020)

Address Type Price BR Baths Sq Ft
75 Oswego Summit Condo $178,000 1 1 1058
6136 Fernbrook Circle Detached $449,900 3 1 1250
18508 Benfield Ave Detached $479,900 4 2 1521
5626 Fernbrook Way Detached $511,000 3 1.5 1250
19175 Pilkington Rd Detached $599,900 3 1.5 1820
620 Tippecanoe Ct Detached $649,900 3 2 1718
151 C Ave Attached $795,000 2 2.5 1934
17838 Lake Haven Dr Detached $839,900 4 3 2214
5335 Westfield Ct Detached $889,900 4 2.5 3122
14527 Rainbow Dr Detached $895,000 5 3 3339
17931 Meadowlark Ln Detached $899,900 5 3.5 4385
15550 Quarry Rd Detached $900,000 4 3 2714
1149 Cherry Ln Detached $1,050,000 3 2.5+.5 3231
4471 West Rd Lot 4 Detached $1,125,000 4 3 3885
4140 Melissa Dr Detached $1,149,000 5 5.5 3910
18024 Eastridge Ln Detached $1,289,000 5 3.5 3781
711 7th St Detached $1,829,000 4 2.5+.5 2763
1308 Northshore Rd Detached $3,740,000 4 3.5 4194

Pending Sales (August 24-30, 2020)

Address Type Price BR Baths Sq Ft CDOM
100 Kerr Pkwy #49 Condo $179,999 2 1.5 823 18
104 Oswego Summit Condo $195,000 1 1 943 61
668 McVey Ave #43 Condo $239,000 1 1 636 174
45 Eagle Crest Dr #402 Condo $249,000 1 1 768 7
4642 Lower Dr Condo $275,000 2 1.5 1260 9
205 Oswego Summit Condo $285,000 2 2 1383 8
3844 Botticelli St Condo $310,000 2 1.5 1132 30
37 Greenridge Ct Attached $360,000 2 1.5 1176 52
1764 Conifer Dr Detached $499,900 3 1 1200 7
77 Condolea Way Condo $510,000 3 3 2143 164
5237 Washington Ct Detached $519,900 3 2 1352 7
78 Greenridge Ct Attached $525,000 3 3 2000 37
13 Becket St Detached $550,000 4 3 4064 7
1280 Oak Terrace Detached $579,900 3 2 1685 1
1714 Meadows DR Detached $583,000 3 2 1804 4
12401 Shelby Ct Detached $660,000 3 2.5 2718 1
5834 Seville Ave Detached $665,000 3 2 2056 13
322 2nd St Condo $755,000 3 3.5 1971 6
13885 Provincial Hill Dr Detached $799,500 4 2.5 2870 2
18125 Pilkington Rd Detached $929,000 4 3 3229 81
47 Hillshire Dr Detached $1,085,000 4 2.5 3324 6
17281 Lowenberg Terr Detached $1,099,900 4 3.5 3792 24
27 Berwick Rd Detached $1,100,000 5 3 2968 4
6040 Lakeview Blvd Detached $1,125,000 5 3 3701 42
18124 Pioneer Ct Detached $1,197,000 4 2.5 3201 42
3050 Stonebridge Way Detached $1,198,000 3 3.5 2948 4
2085 Ridge Pointe Dr Detached $1,199,000 5 4.5+.5 6575 61
18002 Pilkington Rd Detached $1,225,000 4 3 3634 23
4311 Haven St Detached $1,260,000 4 4 3915 5
16429 Bonaire Detached $1,299,900 4 3.5 2967 30
13592 Goodall Rd Detached $1,345,000 5 3.5 3735 42
17522 Bryant Rd Detached $1,399,000 4 4 3545 14
14110 Goodall Rd Detached $1,475,000 4 3.5 3945 40
16881 Canyon Dr Detached $1,629,900 4 4 3854 4
18320 River Edge Ln Detached $1,790,000 4 5 4608 17
16743 Graef Circle Detached $2,000,000 4 2.5 3772 10
736 Southview Rd Detached $3,098,000 4 3.5+.5 4639 54

Sold/Closed (August 24-30, 2020)

Address Type List Price Sold Price Sq Ft CDOM
6 Wheatherstone #3 Condo $404,000 $405,000 1692 11
5881 Fernbrook Circle Detached $419,000 $430,000 1,416 2
16518 Inverurie Rd Detached $425,000 $477,000 1233 3
26 Briarwood Rd Detached $495,000 $495,000 2554 4
6430 McEwan Rd Detached $549,000 $525,500 1595 108
5711 McEwan Rd Detached $529,950 $529,950 1467 6
18554 Hallberg Ct Detached $524,900 $530,000 1202 2
29 Da Vinci St Detached $519,000 $550,000 2632 5
1276 Hide A Way Ct Detached $510,000 $568,500 1603 3
6352 Dawn St Detached $584,900 $590,000 1709 5
1601 Ash St Detached $629,999 $596,000 2045 57
17207 Rebecca Ln Detached $599,000 $618,000 1944 6
4890 Indian Creek Ct Detached $699,000 $675,000 2064 15
16969 Alder Circle Detached $729,000 $699,000 1676 18
14074 Sundeleaf Dr Detached $685,000 $700,000 1760 $5
521 2nd St #104 Condo $700,000 $700,000 1339 4
14655 Uplands Dr Detached $899,000 $730,000 2462 126
13005 Sierra Vista Dr Detached $819,900 $795,000 3448 3
5734 Charles Circle Detached $785,000 $806,000 2663 2
12821 Sierra Vista Dr Detached $819,500 $819,500 3352 5
2944 Vale Ct Detached $984,000 $950,000 3414 81
1061 Chandler Rd Detached $990,000 $990,000 2879 139
15628 Quarry Rd Detached $1,249,000 $1,305,898 3074 0
792 5th St Detached $1,499,999 $1,480,000 4379 33
3244 Upper Dr Detached $1,595,000 $1,575,000 3730 11
1575 Country Commons Detached $1,949,950 $2,050,000 3951 817

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.