Market Activity Dec 11-17, 2023

Last week in Lake Oswego 6 new listings came onto the market, one of which sold quickly and appears in this report as a pending sale. 9 properties accepted offers and moved to pending status. 9 properties sold/closed so that 9 families could move in before Christmas.

See below for RMLS data.

New on the Market Dec 11-17, 2023

AddressTypePriceBedroomsBathsSq Feet
3433 McNary Pkwy #407Condo$275,000221008
869 10th StDetached$849,900211220
6040 Lakeview BlvdDetached$1,349,000533701
5320 Childs RdDetached$2,100,000634765
2121 Wembley Park RdDetached$2,999,90055.55025

Pending Sales Dec 11-17, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
4 Touchstone #128Condo$250,00032.5135018
11 Oswego #11Condo$314,80022124126
4089 Jefferson PkwyCondo$384,90022.51361140
2031 Bonniebrae DrAttached$479,000321611119
16237 Lake Forest BlvdDetached$525,0003111328
6 The GrottoDetached$550,0003213819
16211 Inverurie RdDetached$699,90032.518192
4740 Lamont CtDetached$799,90032177652
12 Independence AveDetached$839,50044299216

Sold/Closed Dec 11-17, 2023

AddressTypeList PriceSold PriceSq FeetCDOM
45 Eagle Crest Dr #402Condo$279,000$220,00076871
159 Oswego SummitCondo$395,000$320,0001506218
16131 Lindsay CtDetached$680,000$680,000183228
2979 Dellwood DrDetached$939,000$750,0003216144
13990 Shireva CtDetached$789,000$755,000170219
1 Creekside TerrDetached$1,185,000$1,040,000423042
4904 Parkhill StDetached$1,195,000$1,200,00034337
17393 Grandview CtDetached$1,275,000$1,243,54837724
1120 Crestline CtDetached$4,950,000$4,350,0006440101

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.

Shop Local and Support Local Artists

The Arts Council of Lake Oswego has set up a holiday market place where you will find beautiful arts and crafts for sale. Ceramics, jewelry, ornaments, cards, candles, soaps, textiles and more can be found at the ARTspace, 380 A Avenue, Suite A. Hours are Tuesday thru Friday from 10 to 5.

There are 28 artists participating, with 2 featured artists. Janl Pahl does encaustic paintings that capture the beauty of the natural world. LeBrie Rich is a felt artist. She has created felting kits that make it easy for anyone to explore the art of felting.

The Holiday Market Place runs through December 23rd.

Another option is participating in the Holiday Savings Pass. Sponsored by the Lake Oswego and West Linn Business Recovery Center and the local Chambers, the Wander Willamette’s mobile BE LOCAL Holiday Savings Pass can be picked up at www.wanderwillamette.com/holidaypass. Simply check in and start enjoying savings at local businesses.

What a great way to support the local community by spending your holiday dollars right in your own neighborhood.

As always, thank you for reading the blotter.

Dianne

Market Activity Nov 27-Dec 3, 2023

I’m going to start this market activity report with some good news. According to the Mortgage Bankers Association, home purchase mortgage applications have gone up 35% in recent weeks. That’s a huge jump and unusual for this time of year.

Here on a local level, last week in Lake Oswego there were 4 new listings, 7 properties that moved to pending status, and 17 sold/closed sales. Something tells me that there are moving trucks arriving in LO this week with holiday trees tied to their roofs.

See below for RMLS data.

New on the Market Nov 27-Dec 3, 2023

AddressTypePriceBedroomsBathsSq Feet
4 Touchstone #106Condo$259,00022984
4 Touchstone #119Condo$318,90032.51351
3433 McNary Pkwy #108Condo$391,900321344
12 Independence AveDetached$839,500442994

Pending Nove 27-Dec 3, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
4621 Lakeview Blvd C3Condo$329,90022117812
159 Oswego SummitCondo$350,000221506218
12844 Boonesferry Rd #117Condo$475,00022.5119176
5270 Red Leaf StDetached$675,00032133047
5222 Rosewood StDetached$800,00032.52414113
4845 Upper DrDetached$1,249,00053287950
55309 Denton DrDetached$1,620,00043.5362626

Sold/Closed Nov 27-Dec 3, 2023

AddressTypeList PriceClosed PriceSq FeetCDOM
96 Oswego SummitCondo$219,900$240,0009646
4093 Jefferson PkwyCondo$460,000$410,000140348
21019 Bonniebrae DrAttached$525,000$510,000153918
4510 Lower Dr B1Condo$555,000$515,000172942
668 McVey Ave #57Condo$625,000$515,500992242
1206 Cedar StDetached$775,000$725,000142615
1600 Woodland TerDetached$779,000$780,00016993
5311 Childs RdDetached$849,500$795,0001929124
13851 Verte CtDetached$939,000$925,000292515
10 Sherwood CtDetached$949,000$949,00032892
7 Grouse TerDetached$935,000$1,050,00025163
14584 Pfeifer WayDetached$1,250,000$1,176,000264714
1050 Atwater RdDetached$1,375,000$1,350,00030520
3600 Upper DrDetached$1,999,950$1,850,0003771195
541 6th StDetached$2,400,000$2,400,00035590
13799 Atwater LnDetached$3,995,000$3,800,0004700102
128 Northshore CirDetached$4,695,000$4,000,0003501148

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.

Market Activity Nov 13-19, 2023

Last week in Lake Oswego we had 4 new listings, one of which sold quickly and appears in this report as a pending sale. We had 11 properties move to pending status, and 15 closed sales.

Yes, this time of year is slower as compared to the spring and summer, but real estate still happens. This is because life still happens. Babies are born and people need a larger house. Job changes happen and people need to relocate. So if you are in a situation where you need to make a move now, please reach out to Linda or to myself. We’d love to help you.

See below for RMLS data.

New on the Market Nov 13-19, 2023

AddressTypePriceBedroomsBathsSq Feet
4621 Lakeview BlvdCondo$329,900221178
529 8th StDetached$2,400,00043.53569
4965 Park Bluff PlDetached$2,595,00054.54568

Pending Nov 13-19, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
86 Kingsgate Rd #22Condo$299,50022924125
5053 Foothills Dr ACondo$445,00032125219
2019 Bonniebrae DrAttached$525,00032153918
16131 Lindsay CtDetached$680,00042.5183228
1525 Ivy CtDetached$739,00042.52163116
5311 Childs RdDetached$819,50042.51929124
1 Creekside TerrDetached$1,095,00054423042
4904 Parkhill StDetached$1,195,00042.534337
17393 Grandview CtDetached$1,275,00043.537724
4974 Cascara LnDetached$1,285,00042.534762
3232 Lakeview BlvdDetached$6,000,00045.58170424

Sold/Closed Nov 13-19, 2023

AddressTypeList PriceSold PriceSq FeetCDOM
3433 McNary Pkwy #601Condo$325,000$325,000128520
480 S State StCondo$480,000$370,0001659185
5225 Jean Rd 307Condo$425,000$420,0001100185
15930 Waluga DrDetached$599,900$570,000104022
16266 Parker RdDetached$849,900$698,000201494
12 Morningview LnAttached$815,000$765,000273051
2400 Park RdDetached$875,000$850,000196232
17144 Warren CtDetached$999,000$950,00028046
14210 Amberwood CircleDetached$1,200,000$1,145,000339130
17292 Cedar RdDetached$1,400,000$1,400,000140079
17787 Crestline DrDetached$1,495,000$1,491,37533623
18499 Old River DrDetached$1,749,000$1,543,9504217130
504 8th StDetached$1,675,000$1,665,00028585
19777 Sycamore AveDetached$3,499,000$2,250,0004432110
1101 Crestline CtDetached$3,299,000$3,135,000722952

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.

Happiest of Thanksgivings to You

Thanksgiving is, for me, hands down my favorite holiday. It’s so simple. Friends, family, and pausing to give thanks for the bounty that is our lives. Not overly commercialized. Not about “stuff”, but about the basics of what is really important in life.

Linda and I want to wish many blessings upon you and your family this Thanksgiving. Enjoy the turkey, the stuffing, and the pumpkin pie. But, mostly, enjoy your family and your friends. Happiest of Thanksgiving to you and yours.

Dianne

The Season of Giving

There is a huge misconception about Lake Oswego. Yes, there are very affluent people and multi-million dollar homes, but there are also those on food stamps and living in homeless shelters (Lake Oswego has two). As a Girl Scout Troop Leader for about 12 years I met and interacted with a lot of families. I know first hand that people and families need help in this town. With the holidays fast approaching, this is a good time, if you are able, to do something kind for someone who is less fortunate. Lake Oswego has numerous ways that you can spread holiday cheer.

Family donating gifts and toys to charity for Christmas holiday

Fill a Stocking, Fill a Heart

Swing by either City Hall (380 A Ave) or the Adult Community Center (505 G Ave) and pick up a stocking. Then fill it with needed items and return it to City Hall by December 6th.

New/Coats/Hats/Gloves/Socks

Purchase and drop these items off at The Adult Community Center (505 G Ave), the LO Fire Station (300 B Ave), or the LO Library (706 Fourth St) by December 8th

Toy Drive

By December 15th drop off new, unwrapped, toys at the Fire Station (300 B Ave) or the LO Library (706 Fourth St)

Food Donations

All year you can drop off non-perishable food and essential hygiene items at the LO Library (706 Fourth St), the LO Fire Station (300 B Ave), or at Hunger Fighters of Oregon (4 Monroe Parkway).

Gift Cards

Gift cards to places like Fred Meyer, Target, Walmart, Amazon, Safeway, etc, can be dropped off at the LO Library (706 Fourth St), anytime between November 15th and December 10th. These gift cards will go to Clackamas County Women’s Services.

Food and Toy Drive, Drive-Thru Event

December 9th, 10am to noon, this event is hosted by The Rotary Club of Lake Oswego and the LO Fire Department. It will occur at the main fire station (300 B Ave). Food should be non-perishable. Toys should be new and unwrapped. Toy donations will be distributed throughout the local area, including in Lake Oswego, by the Tualatin Valley Elks Clubs. Food will go to Hunger Fighters of Oregon.

For me, while I love the holidays, this time of year becomes much more enjoyable when I participate in helping others. Even though the gift goes to someone else, it brings me joy. My gift to them is also a gift to me.

Thank you for reading the blotter.

Dianne

Market Activity Oct 30-Nov 5, 2023

There is always a burst of buying activity about a month before Christmas as people rush to get into their new home before the Holidays. That is certainly reflected is last week’s sales in Lake Oswego. 21 properties received accepted offers and went into pending status. That is about twice what we have been averaging this fall. There were also 11 new listings, 2 of which sold quickly and appear as pending properties in this report. Finishing the statistics, there were 15 closed sales. Those folks will be in their new homes by Thanksgiving.

See below for RMLS data.

New Listings Oct 30-Nov 5, 2023

AddressTypePriceBedroomsBathsSq Feet
96 Oswego SummitCondo$219,90011964
5053 Foothills Dr ACondo$445,000321252
26 Greenridge CtAttached$467,00032.51996
13990 Shireva CtDetached$789,000321702
875 Palisades Terrace DrDetached$929,500432181
322 2nd StAttached$1,250,00033.51974
5527 Childs RdAttached$1,399,900432982
1959 Wembley PlDetached$1,595,00043.52922
5309 Denton DrDetached$1,620,00043.53626

Pending Sales Oct 30-Nov 5, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
45 Eagle Crest Dr #208Condo$219,90022104614
248 Ridgeway RdCondo$345,00011753155
3672 Spring LnCondo$439,9002211178
51 Greenridge CtAttached$475,0002213487
12802 Boones Ferry RdCondo$479,90032.511828
58 Condolea TerrCondo$669,000332958111
31 Churchill DownsDetached$775,00064.5379447
1600 Woodland TerrDetached$779,0003216993
8 Hotspur StDetached$799,99932.5196654
2979 Dellwood DrDetached$850,000433216144
16020 Kimball StDetached$899,00053.5242642
7 Grouse TerrDetached$935,00032.525163
14210 Amberwood CirDetached$1,150,00043339130
915 Cedar StDetached$1,645,00043.5321926
21 D Ave #14Condo$2,046,80022.521980
1808 Ridge Pointe DrDetached$2,199,00043.54860129
2275 Glen Haven RdDetached$2,269,90044410987
19777 Sycamore AveDetached$2,595,00044.5+.54432110
1101 Crestline CtDetached$3,150,0004.5+.5722652
13799 Atwater LnDetached$3,995,00034470031
128 Northshore CirDetached$4,295,00043.5350146

Sold/Closed Oct 30-Nov 5, 2023

AddressTypeList PriceSold PriceSq FeetCDOM
54 Cervantes CirCondo$280,000$279,5009125
3433 McNary Pkwy #503Condo$318,000$318,00011342
207 Oswego SummitCondo$390,000$375,000149717
5225 Jean Rd #106Condo$400,000$405,000140029
4121 Hedge Nettle CtDetached$849,900$796,9992307111
15911 Fir Grove CtDetached$915,000$865,0002584172
14205 Edenberry DrDetached$1,150,000$1,005,000321916
63 Garibaldi StDetached$1,250,000$1,010,0004223112
1633 Maple StDetached$1,445,000$1,062,4223448194
233 E AveDetached$1,400,000$1,220,000115012
1125 Northshore RdDetached$1,495,000$1,250,000158932
5031 Laurel StDetached$1,549,000$1,349,0003169805
611 Ridgeway RdDetached$2,139,000$2,050,000484796
975 Englewood DrDetached$3,995,000$3,950,000598070
3648 Lakeview BlvdDetached$5,500,000$4,900,000400067

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.

Where Did the Lake Go?

If you have driven anywhere near the lake in the last week or so you can not have helped but notice that the water level is down significantly. So what’s up?

Every 3 years the water level for the lake is dropped about 10 feet. This allows people who live on the lake to repair their sea walls, boat houses, and docks. It also allows maintenance to be done for the sewer lines that run along the bottom of the lake. This year a large section in Blue Heron canal is being almost completely replaced.

The drawdown starts in mid October and ends in early December. Then the lake is refilled by rainfall through the winter.

I will also say that, from my experience, it does and nice job of cleaning up the water quality. The lake is prone to grasses and algae and that sort of thing. The summer after a drawdown, swimming in the lake is much nicer than it is the summer before a drawdown.

So it’s all good. The lake will be full in time for the nice spring weather.

I hope you have found this information useful.

Dianne

Market Activity Oct 16-22, 2023

Lake week in Lake Oswego we had 9 properties come onto the market. 2 of those sold quickly and appear in this report as pending sales. We had 10 properties move to pending status and 14 closed sales.

See below for RMLS data.

New on the Market Oct 16-22, 2023

AddressTypePriceBedroomsBathsSq Feet
45 Eagle Crest Dr #208Condo$219,900221046
16131 Lindsay CtDetached$680,00042.51832
4740 Lamont CtDetached$825,000321776
19025 Indian Springs CirDetached$889,95042.51811
18368 Tamaway DrDetached$1,150,000433741
364 Northshore RdDetached$1,795,000322066
399 Furnace StCondo$3,500,00033.54072

Pending Sales Oct 16-22, 2023

AddressTypePriceBedroomsBathsSq FeetDOM
54 Cervantes CirCondo$280,00021.59125
3433 McNary Pkwy #503Condo$318,00021.511362
480 S State StCondo$375,000321659185
207 OswegoCondo$390,00022149717
3672 Spring LnCondo$439,90022111720
15290 Quarry RdDetached$475,0003199094
5733 Kimball CtDetached$659,00042134659
10 Sherwood CtDetached$949,00043.532892
3460 Lake Grove AveDetached$1,498,00032167330
1101 Crestline CtDetached$3,299,00044.5+.5722642

Sold/Closed Oct 16-22, 2023

AddressTypeList PriceSold PriceSq FeetCDOM
4 Touchstone #65Condo$320,000$310,000135153
2818 Poplar WayDetached$550,000$435,000105634
5054 Foothills Dr ACondo$445,000$445,000125234
15370 Twin Fir RdDetached$560,000$560,00015468
5053 W Sunset DrAttached$595,000$590,000172029
545 Hemlock StDetached$669,900$650,0009844
18351 Wood Thrush WayDetached$690,000$690,00017624
16 Walking Woods DrDetached$779,000$762,8662897109
1481 Greentree CirDetached$875,000$867,000270480
11 El Greco StDetached$899,000$892,00024442
2834 Glenmorrie DrDetached$895,000$927,00024593
885 Lake Forest DrDetached$1,100,000$937,000220645
4353 Snowbrush CtDetached$1,500,000$1,375,000380848
17173 Cedar RdDetached$1,900,000$1,725,0003996236

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.

Return on Investment: Your Yard

People certainly think about doing improvements to get their house ready to sell. Here at the blotter both Linda and I have written about what to expect from the money you spend and that the highest rates of return are, currently, on front doors and garage doors. You’ll get more out of those improvements than it costs to do them. However, I don’t think that we’ve talked about the return on investment for your yard. As it turns out, it’s quite good and certainly worth doing.

According to the National Association of Realtor, there are 5 outdoor projects that pay of the most.

  1. Standard lawn care service. Complete 6 standard applications of fertililzer and weed control on a 5,000 square foot lawn. Estimated cost = $415. Estimated return = $900
  2. Landscape maintenance. Mulch, mow, prune shrubs and plant about 60 annuals or perennials. Estimated cost = $4800. Estimated return = $5000.
  3. Outdoor kitchen. Install or inset grill, stainless steel drawers, ice chest sink, and concrete countertop with veneered masonry stone. Estimated cost = $15,000. Estimated return = $15,000.
  4. Overall landscape upgrade. Install front walkway of natural flagstone, add two stone planters, five flowering shrubs and a 15 foot tall tree. Estimated cost = $9000. Estimated return = $9000.
  5. New patio. Install a 18′ x 16′ concrete paver patio. Estimated cost = $10,500. Estimated return = $10,000.

There is also a lot to be said about doing your own weeding, watering, and bark dusting. This is labor intensive, but something many homeowners can do themselves. I think that the basic premise is that the more move-in-ready a house feels, the more appealing it will be to potential buyers.

I will also caution that there is a segment of the buying population who is intimidated by an overly elaborate garden. They know that it looks too labor intensive and will pass on a house that they don’t feel that they can maintain. So, yes, topiaries of the seven dwarfs is probably not a good idea.

Personally, outdoor spaces a super important to me. That patio that costs $10,500 but only returns $10,000, in my opinion, is pretty essential. Without a place to put some chairs and a barbeque, a yard becomes unusable. That patio, or a deck, is essential.

I hope that you have found this information useful. Happy gardening.

Dianne