Market Activity ~ April 19-25, 2021

This last week in Lake Oswego we saw 10 New Properties come to market, a whopping 36 move to Pending status (accepted Offers), and 16 Closed/Sold.

Here are the details per RMLS:

NEW April 19-25, 2021

AddressList Price# Beds# BathsTotal SFProp Type
4 TOUCHSTONE #68$219,00022984CONDO
4 TOUCHSTONE  #142$229,90022979CONDO
19239 SW BENFIELD AVE$900,000331968DETACHD
324 LAKEWOOD RD$928,000221383DETACHD
1874 GLENMORRIE TER$975,000333508DETACHD
4145 CHAD DR$1,050,00042.13360DETACHD
940 UPPER DEVON LN$1,950,00043.14464DETACHD
17301 BERGIS FARM DR$2,250,00043.14737DETACHD
2679 GLEN EAGLES RD$2,750,00044.14709DETACHD
197 PINE VALLEY RD$3,200,00063.15983DETACHD

PENDING April 19-25, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
47 EAGLE CREST DR  #6$184,00011672CONDO39
13 OSWEGO SMT / Lower$199,90011764CONDO8
750 1ST ST   E28$245,00011902CONDO7
526 S State ST   5A$314,95021914CONDO11
1305 SPRUCE ST$449,000311024DETACHD5
5509 BONITA RD$449,900322000DETACHD3
17 LAUREL ST$599,00031.13096DETACHD6
6090 CARMAN DR$650,00041.11620DETACHD44
19061 REDWING CT$700,000321611DETACHD4
1225 Hallinan ST$724,90032.11819DETACHD6
1002 HEMLOCK ST$725,00032.11950DETACHD4
5546 ROYAL OAKS DR$759,000321920DETACHD3
282 ASH ST$780,00042.12791DETACHD30
19233 INDIAN SPRINGS RD$799,95044.13423DETACHD11
3061 WESTVIEW CT$875,000433396DETACHD5
13209 TWIN CREEK CT$888,00042.13021DETACHD5
17787 BLUE HERON DR$895,000432519DETACHD9
16126 SW INVERURIE RD$899,00042.12492DETACHD5
30 HILLSHIRE DR$950,00042.13887DETACHD2
16176 NOLA CT$969,00042.12945DETACHD5
6 SHERWOOD CT$995,90042.13133DETACHD4
18015 CARDINAL DR$1,095,000321622DETACHD5
3931 BASS LN$1,365,00054.14284DETACHD2
19305 HILL TOP RD$1,375,00043.15116DETACHD239
1891 PALISADES LAKE CT$1,425,00044.15389DETACHD193
558 6TH ST$1,550,00033.12949DETACHD4
3159 DOUGLAS CIR$1,595,00064.14500DETACHD3
784 6TH ST$1,625,000433200DETACHD5
1799 ATHERTON DR$1,669,00045.16280DETACHD37
18639 PILKINGTON RD$1,675,000444281DETACHD7
19342 LORNA LN$1,685,00043.14375DETACHD2
6 DOVER WAY$1,795,00043.14499DETACHD9
13217 AMBER PL  #1$1,849,00043.13861DETACHD430
2950 WEMBLEY PARK RD$2,499,00055.16667DETACHD3
18277 CRESTLINE DR$2,850,00045.16892DETACHD169
584 RIDGEWAY RD$4,398,00043.24996DETACHD3

SOLD April 19-25, 2021

AddressOpeningPriceClosed Price# Beds# BathsTotal SFProp TypeCDOM
47 EAGLE CREST DR   #51$180,000$180,00011670CONDO13
4000 CARMAN DR   #36$222,500$233,00011836CONDO2
48 EAGLE CREST DR   %F$264,900$240,000221370CONDO428
26 CERVANTES CIR / Ground$261,900$240,00021.11107CONDO56
4185 CHILDS RD$535,000$550,00031.11175DETACHD5
16880 CORTEZ CT$575,000$573,000332313DETACHD27
63 TANGLEWOOD DR$625,000$650,000432819DETACHD3
1820 SOUTHSHORE BLVD$700,000$706,000332403DETACHD4
5139 TUALATA LN$799,900$822,191432132DETACHD2
2552 PALISADES CREST DR$975,000$955,00042.13176DETACHD12
5544 KILCHURN AVE$995,000$1,050,00042.13308DETACHD4
17311 CANYON DR$1,149,000$1,079,000635376DETACHD35
1061 YATES ST$1,100,000$1,136,00043.12899DETACHD14
17990 RIDGE LAKE DR$1,445,000$1,420,00053.13897DETACHD21
1505 LAKE FRONT RD$3,495,000$3,470,00053.15525DETACHD4
1300 FOREST MEADOWS WAY$4,098,000$4,150,00054.25974DETACHD46

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 ~ March 22-28, 2021

Last week, Lake Oswego had 8 properties enter the market, 22 move to Pending status, and 18 Close. Currently there are 74 lovely homes available on the market!

The following is the activity according to RMLS:

NEW March 22-28, 2021

AddressList Price# Beds# BathsTotal SFProp Type
5316 LOWER DR$699,00032.12016DETACHD
282 ASH ST$780,00042.12791DETACHD
4750 UPPER DR$1,149,00053.13091DETACHD
885 10TH ST$1,150,00042.12633DETACHD
18958 BRYANT RD$1,199,90042.13178DETACHD
2065 RIDGE POINTE DR$1,495,000544790DETACHD
16847 GREENBRIER RD$2,700,00032.12360DETACHD
1745 SOUTHSHORE BLVD$3,495,00044.15545DETACHD

PENDING March 22-28, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
47 EAGLE CREST DR, #51$180,00011670CONDO13
22 OSWEGO SMT / Grnd$189,90011764CONDO2
125 OSWEGO SMT / Lower$198,00011764CONDO3
6310 BURMA RD$499,00031.11052DETACHD7
4185 CHILDS RD$535,00031.11175DETACHD5
4555 WILDWOOD ST$650,000321565DETACHD6
4917 MULHOLLAND DR$678,00022.12403ATTACHD10
33 TOUCHSTONE$699,900543854DETACHD5
28 MORNINGVIEW CIR$730,00033.12895DETACHD15
692 2ND ST$759,900312140DETACHD17
2941 SW ORCHARD HILL PL$784,90053.13446DETACHD4
545 RIDGEWAY RD$818,00032.12110DETACHD3
2552 PALISADES CREST DR$975,00042.13176DETACHD12
19230 BRYANT RD$1,060,00084.53441DETACHD289
144 LEONARD ST$1,279,00043.13552DETACHD6
15003 TWIN FIR RD$1,295,00043.12941DETACHD7
19305 HILL TOP RD$1,375,00043.15116DETACHD208
17990 RIDGE LAKE DR$1,445,00053.13897DETACHD21
1799 ATHERTON DR$1,629,00055.16280DETACHD10
13217 AMBER PL, #1$1,849,00043.13861DETACHD402
16777 PHANTOM BLUFF CT$1,995,00042.25045DETACHD14
1300 FOREST MEADOWS WAY$4,098,00054.25974DETACHD46

SOLD March 22-28, 2021

AddressOpening PriceClosed Price# Beds# BathsTotal SFProp TypeCDOM
5057 FOOTHILLS DR / Upper$335,000$345,000221252CONDO3
72 GREENRIDGE CT$425,000$425,000331824ATTACHD3
1790 CONIFER DR$539,000$520,000211003DETACHD13
5091 TUALATA LN$625,000$702,500321500DETACHD6
5172 GREENSBOROUGH CT$739,000$724,00042.12184DETACHD102
2 MOZARTEUM CT$744,900$780,00042.12192DETACHD5
18018 GIMLEY CT$820,000$859,000433637DETACHD2
13983 WESTCOTT CT$898,900$925,00042.12792DETACHD4
2574 PALISADES CREST DR$975,000$935,00052.24563DETACHD22
13204 DEERFIELD CT$1,050,000$1,030,00042.13406DETACHD4
3815 SOUTHSHORE BLVD$875,000$1,067,000422638DETACHD4
116 MIDDLECREST RD$1,390,000$1,225,000432545DETACHD38
17680 Stafford RD$1,299,000$1,317,00052.13804DETACHD185
639 CARRERA LN$1,350,000$1,320,00043.14447DETACHD16
4288 LAKEVIEW BLVD$1,250,000$1,487,000322016DETACHD5
892 8TH ST$1,450,000$1,515,00043.12872DETACHD7
17313 BLUE HERON RD$1,998,500$1,892,50043.13454DETACHD431
2950 Lakeview BLVD$3,100,000$2,450,00043.14299DETACHD190

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 ~ Feb 22-28, 2021

Last week we saw only 5 properties enter the market, 13 moved to Pending status and 20 Sold/Closed. There are 66 fabulous properties available right now in Lake Oswego! The market is very tight. This is the time of year we start to see properties hit the market so time will tell if we’ve got a wave of properties coming up, but for now, rates are low & inching higher… its a good time to call a skilled Realtor to help you secure a home. Dianne and I are always a phone, text or email away.

Here is the latest overview of activity in Lake Oswego according to RMLS:

NEW Feb 22-28, 2021

AddressList Price# Beds# BathsTotal SFProp Type
41 GREENRIDGE CT$415,00032.11652ATTACHD
668 MCVEY AVE  #33$499,00021852CONDO
17994 SAINT CLAIR DR$989,00042.13689DETACHD
5740 SW CHILDS RD$1,550,000535519DETACHD
15780 TWIN FIR RD$2,975,00044.14270DETACHD

Pending Feb 22-28, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
4 TOUCHSTONE   #63$195,00022984CONDO1
1225 LEE ST$520,00031.11056DETACHD80
4832 REDWING WAY$599,900321472DETACHD3
17614 SCHALIT WAY$650,000321561DETACHD3
5172 GREENSBOROUGH CT$719,00042.12184DETACHD102
18 HOTSPUR ST$750,000422025DETACHD5
13983 WESTCOTT CT$898,90042.12792DETACHD4
2240 RIDGEWOOD RD$939,00043.12777DETACHD2
17311 CANYON DR$1,079,000635376DETACHD35
116 MIDDLECREST RD$1,290,000432545DETACHD38
419 7TH ST$1,350,00042.12813DETACHD11
667 LAKE BAY CT$1,899,90043.13616DETACHD36
1890 TWIN POINTS RD$2,650,00043.14274DETACHD535

Sold Feb 22-28, 2021

AddressOpening PriceClosed Price# Beds# BathsTotal SFProp TypeCDOM
45 EAGLE CREST DR  #210$199,000$198,00011780CONDO23
3812 BOTTICELLI ST$319,995$310,000321194CONDO41
241 CERVANTES   Upper$400,000$405,000221382CONDO3
17095 WESTVIEW DR$649,000$575,000433356DETACHD90
1238 LAUREL ST$524,900$600,000321485DETACHD2
6210 CHILDS RD$699,000$710,000321433DETACHD2
1202 SPRUCE ST$735,000$735,00022.11706DETACHD84
6126 SW Frost LN$759,000$745,000532497DETACHD41
5185 WOODCREST LN$835,000$825,00032.12554DETACHD33
4850 LOWER DR$825,000$825,000432700DETACHD11
5173 WOODCREST LN$850,000$905,000533220DETACHD2
5513 RACHEL LN$1,049,000$1,030,00042.13335DETACHD29
17196 KELOK RD$1,199,000$1,050,00053.14384DETACHD169
3600 PIPER CT$1,050,000$1,110,00053.14549DETACHD4
1156 CHERRY LN$1,345,000$1,175,00053.14084DETACHD79
2120 GLENMORRIE DR$1,298,000$1,298,00043.14293DETACHD125
701 4TH ST$1,499,000$1,450,00032.12913DETACHD43
17495 KELOK RD$1,600,000$1,475,00032.13282DETACHD101
1188 CHERRY CIR$2,198,000$2,050,00056.18772DETACHD550
16649 MAPLE CIR$3,095,000$2,730,875432714DETACHD154

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.

Let’s Talk Trees

Trees have been the focus of my attention lately. This is because two weeks ago Lake Oswego had a big ice storm and a neighbors unkept trees dropped limbs onto power lines that caused a power outage at my house. It lasted 3 days. Of course this was not uncommon. At one point Portland Gas and Electric had power outages at over 300,000 homes in the metro area. Many were without power for longer than 3 days, so my intention here is not to complain about my personal experience. Instead, it has me thinking about the importance of paying attention to the trees in your yard.

Get them inspected

When buying a home, if the house has large trees in the yard, get them inspected. Most home inspectors only inspect the house itself. They don’t inspect the trees. A good home inspector will make the suggestion that you get the trees inspected, but many don’t. You should not take it for granted that trees are trees and no big deal. In particular, are any of the trees unhealthy? Are any of the trees unstable? Removing a big tree can be expensive. If this is something that can be learned up front, before you buy the house, it is something that can be negotiated as part of the purchase.

Trees need to be maintained

Once you own a home, maintain your trees by hiring an arborist every five years of so to go through your trees and take out dead limbs and prune to maintain health. My husband and I have done this. We have four HUGE fir tress and one HUGE English walnut tree. When we first bought our home I would occassionally sleep downstairs, not in my bedroom, if there was a big wind storm. Then one day while gardening, out of the blue, a big limb came down not too far from where I was standing. There’s a reason that these limbs are called widow makers. They are big and heavy and could really hurt a person. This was my wake up call that it was time to become friends with an arborist.

Since we have had our trees cleaned up, not one big limb has randomly fallen in our yard and no limbs have fallen during wind or ice storms. It is money well spent and gives tremendous peace of mind.

This brings me back to the recent ice storm. How I wish my neighbor was taking better care of his/her trees! Be a good neighbor and be a responsible tree owner.

I hope that you find this information helpful. Feel free to reach out to either Linda or myself if you have any questions about real estate and home ownership.

Dianne

Market Activity ~ Feb 8-14, 2021

This last week we saw 6 properties come onto the market, 15 move to Pending status, and 7 Closed/Sold. There are currently a whopping 47 homes on the market in Lake Oswego.

NEW Feb 8-14, 2021

AddressList Price# Beds# BathsTotal SFProp Type
3930 LAKE GROVE AVE, #1B$215,00021956CONDO
5091 TUALATA LN$625,000321500DETACHD
4846 LOWER DR$812,900532655DETACHD
1255 Bickner ST$1,235,00042.12764DETACHD
419 7TH ST$1,350,00042.12813DETACHD
769 4TH ST$1,965,00053.13922DETACHD

PENDING Feb 8-14, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
4000 CARMAN DR #47$259,90022993CONDO4
3433 MCNARY PKWY  #501$269,90022.11136CONDO3
1538 PINE ST$515,000321575DETACHD3
578 2ND ST$539,90022.11361PLNCOMM6
6210 CHILDS RD$699,000321433DETACHD2
5172 GREENSBOROUGH CT$719,00042.12184DETACHD86
4580 TRILLIUM WOODS$739,90032.11992ATTACHD10
876 SUNNY HILL DR$850,00042.12164DETACHD4
2318 HILLSIDE LN$899,99553.13258DETACHD8
2574 PALISADES CREST DR$975,00052.24563DETACHD22
13204 DEERFIELD CT$1,050,00042.13406DETACHD4
5686 LA MESA CT$1,225,00043.13840DETACHD1
16364 IVY LN$1,445,95053.14862DETACHD282
892 8TH ST$1,450,00043.12872DETACHD7
743 6TH ST$1,915,00053.13922DETACHD254

SOLD Feb 8-14, 2021

AddressOpening PriceClosed Price# Beds# BathsTotal SFProp TypeCDOM
47 EAGLE CREST DR  #50$210,000$208,65021932CONDO37
16 AQUINAS ST$525,000$555,00032.11720DETACHD1
3595 UPPER DR$629,000$645,000321420DETACHD4
4515 OAKRIDGE RD$685,000$685,00032.11981ATTACHD54
1111 C AVE$1,549,000$1,500,00043.13354DETACHD141
1547 GLENMORRIE DR$1,995,000$1,910,00043.14042DETACHD129
4357 SOUTHSHORE BLVD$2,995,000$2,600,00055.15220DETACHD152

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 ~ Dec 2020 Year-End Report

Here is your look at the most recent data for the entire Portland area (Dec2020 + Year-End) and how Lake Oswego fits in to this picture just below.

Overview/Fluctuations ~  Market Data Dec 2020:                                    

Inventory is now at a stunning 0.8 months of supply in the Portland area. So… still lower than its  ever been and getting lower, apparently, with Buyers out en force competing over existing  Properties for sale.  Rates right now are hovering at or a little under 3.0%.                                                                                                              

The twelve months of 2019 compared to 2020:

New Listings, (38,442) decreased 5.2%.  Pending Sales (32,849) increased 7.9%, and Closed Sales (32,031) increased 7.8%.  

By Comparison, Twelve months of 2018 as compared to 2019 from last year’s December report read: New Listings (40,579) decreased 1.7%, Pending Sales (30,430) increased 2.1% and Closed Sales (29,700) decreased 0.2%.                                                         

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

  • There were 1,740 New Listings in Dec 2020 increased 37% from Dec of 2019’s 1,270,  and decreased a whopping 22.3% from the previous month/Nov’s 2,238.
  • At 2,789, Dec 2020’s Closed Sales are up 26% from Dec 2019’s 2,213, and also up 1.6% from the previous month/Nov 2020’s total of 2,745
  • At 2,003, Dec 2020’s Pending Sales are up 13% from Dec 2019’s 1,772, and dropped 21.7% from the previous month/Nov 2020’s total of 2,557.
  • The Average Sale Price in Dec 2020 of $514,000 is up $56,300 from last year/Dec2019’s $457,700, and down $7,200 from the previous month/Nov 2020’s $521,200.   YTD increase is 7.6%.
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in Dec 2020 of $455,000 rose from last year/Dec2019’s $405,000 by $50,000, and decreased 2,000 from the previous month/Nov 2020’s $457,000. YTD increase is 7.3%.

LAKE OSWEGO:

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

  •  114 Active Listings (Nov 177) (Dec 2019: 223)
  • 73 New Listings     (Nov 104) (Dec 2019: 50)
  •  110 Pending Sales  (Nov 106) (Dec 2019: 70)
  •  137 Closed Sales    (Nov 166) (Dec 2019: 107)
  • Average Sale Price for Dec: $845,700  (Nov $822,000) (Dec 2019: $732,400)
    • 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.
  •  60 Average Days on the Market   (Nov 50)

Market Activity ~ Jan 11-17, 2021

Last week Lake Oswego saw 6 properties enter the market, 19 proceed to Pending status, and 20 Closed/Sold. Right now there are a whopping 64 beautiful properties available in Lake Oswego.

NEW Jan 11-17, 2021

AddressList Price# Beds# BathsTotal SFProp Type
1790 CONIFER DR$539,000211003DETACHD
116 MIDDLECREST RD$1,390,000432545DETACHD
3555 LAKE GROVE AVE$1,535,00042.13433DETACHD
2230 WEMBLEY PARK RD$1,785,00054.14607DETACHD
1688 LESLIE LN$1,898,00044.15540DETACHD
13585 GOODALL RD$1,900,00043.14282DETACHD

PENDING Jan 11-17, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
45 EAGLE CREST DR  #210$199,00011780CONDO23
47 EAGLE CREST DR  #50$210,00021932CONDO37
4000 CARMAN DR, C49$315,00021.11004CONDO5
241 CERVANTES / Upper$400,000221382CONDO3
16 AQUINAS ST$525,00032.11720DETACHD1
13777 REGENCY CT$585,000222015DETACHD24
18975 OLSON AVE$600,000633569DETACHD5
1427 GREENTREE CIR$605,000322239DETACHD5
4515 OAKRIDGE RD$685,00032.11981ATTACHD54
1202 SPRUCE ST$735,00022.11706DETACHD84
6 YORICK ST$799,950533116DETACHD83
5322 CARMAN GROVE LN$849,90032.12615DETACHD65
17160 WALL ST$850,000433246DETACHD2
730 8TH ST$865,000432395DETACHD4
5775 DOGWOOD DR$1,679,00043.14003DETACHD3
13594 GOODALL RD$1,700,00044.13732DETACHD320
17313 BLUE HERON RD$1,968,00043.13454DETACHD431
1188 CHERRY CIR$2,198,00056.18772DETACHD550
13600 GOODALL RD$2,460,00066.16612DETACHD206

SOLD Jan 11-17, 2021

AddressOpening PriceClose Price# Beds# BathsTotal SFProp TypeCDOM
30 OSWEGO SMT, Bldg 4$198,500$197,00011700CONDO78
4 TOUCHSTONE  #85$219,000$197,45032.11351CONDO47
4000 CARMAN DR  #79$270,000$257,00022993CONDO53
2061 BONNIEBRAE DR$405,000$390,00032.11687ATTACHD27
16342 KIMBALL ST$525,000$498,00031.11250DETACHD70
1101 HEMLOCK ST$589,875$579,90032.12213DETACHD137
15677 FIELDSTONE DR$798,950$650,00032.12527DETACHD156
18150 BRYANT RD$590,000$650,000321468DETACHD8
314 2ND ST$740,000$725,00033.11815CONDO38
1604 COUNTRY CLUB RD$800,000$760,00043.13878DETACHD34
17970 MEADOWLARK LN$899,000$926,250433640DETACHD1
2349 OAKHURST LN$935,000$950,00042.13548DETACHD8
14144 GOODALL RD$950,000$972,000533701DETACHD157
14521 UPLANDS DR$1,150,000$1,150,000433520DETACHD0
5087 LAKEVIEW BLVD$1,200,000$1,200,00043.12957DETACHD0
488 7TH ST$1,395,000$1,395,00032.12801DETACHD0
17677 WESTVIEW DR$1,699,000$1,640,00054.15531DETACHD115
2510 WEMBLEY PARK RD$1,895,000$1,820,00043.14868DETACHD65
1287 CHERRY LN$2,595,000$2,630,00054.15312DETACHD110
13201 KNAUS RD$3,500,000$3,000,000433300DETACHD0

Market Activity January 4-10, 2021

The holidays are behind us and we are beginning to see the pick up of the real estate market. There is still a shortage of new listings with only 6 properties that came onto the market last week. However, we had 19 properties that received and accepted an offer. That’s a demand that is 3 times higher than the new inventory. This makes makes for a strong seller’s market. We also had 11 properties that sold/closed. Expect these numbers to all increase in the coming weeks.

See below for a breakdown of the RMLS data.

New on the Market January 4-10, 2021

AddressTypePriceBRBathsSq Ft
26 Cervantes CircleCondo$261,90021.51107
4000 Carman Dr C49Condo$315,00021.51004
1427 Greentree CircleDetached$605,000322239
13198 Peters RdDetached$675,000322630
4850 Lower DrDetached$825,000432700
151 3rd StCondo$,750,00032.53278

Pending January 4-10, 2021

AddressTypePriceBRBathsSq FtCDOM
42 Cervantes CircleCondo$189,00021.59124
4 Touchstone #85Condo$219,00032.513519
76 Cervantes CircleCondo$227,00021.59124
3872 Botticelli StCondo$299,000321171124
750 1st St #26Condo$350,00022135049
5061 Foothills Dr GCondo$354,900229912
27 Bloch TerrAttached$425,00032.519723
15012 Twin Fir RdDetached$549,90072.5+.5+.5337214
1599 Oak STDetached$659,90042.5246831
314 2nd StCondo$730,00033.5181538
19428 Kokanee CtDetached$769,00042.527926
5173 Woodcrest LnDetached$850,0005332202
5513 Rachel LnDetached$1,049,00042.5333529
4146 Chad DrDetached$1,049,90042.53637143
17196 Kelok RdDetached$1,099,00053.54348169
54 Wilbur StAttached$1,195,00033.5360079
72 Nansen SummitDetached$1,368,00042.544857
17495 Kelok RdDetached$1,600,00032.53282101
17561 Lake Haven DrDetached$1,795,00053.538790

Sold/Closed January 4-10, 2021

AddressTypeList PriceSold PriceSq FtCDOM
4640 Lower DrCondo$279,900$279,900117011
16191 Lake Forest BlvdDetached$424,999$433,0008644
17561 Lake Haven DrDetached$500,000$500,00011000
14150 Goodall RdDetached$525,000$545,00017453
17088 Rebecca LnDetached$650,000$640,000255859
4984 Bilford LnDetached$750,000$712,500262935
6123 Frost LnDetached$789,900$759,900233121
14360 Trillium CtDetached$927,000$845,5003558122
6155 McEwan RdDetached$1,250,000$1,145372836
859 F AveDetached$1,379,000$1,34532105
587 2nd StCondo$1,675,000$1,475225040

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 ~ Dec 14, 2020-Jan3, 2021

Welcome to 2021!

Dianne and I hope this finds you well and happy, and that you and yours have been able to enjoy some cozy holiday time.

Now we’re moving into 2021. Our report this week is covering the 3-week period during the holidays. Only 3 properties braved entering the market during that time, and/but 32 properties moved into Pending status, and a whopping 48 Sold/Closed.

Here’s the breakdown for you:

NEW Dec 14, 2020-Jan 3, 2021

AddressList Price# Beds# BathsTotal SFProp Type
45 EAGLE CREST DR  #210$199,00011780CONDO
72 NANSEN SMT$1,369,00042.14485DETACHD
14080 GOODALL RD$2,395,00054.26005DETACHD

PENDING Dec 14, 2020-Jan 3, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
45 EAGLE CREST DR  #212$179,00011780CONDO90
7200 SW MONTAUK CIR / Grnd$219,90021968CONDO3
4606 LOWER DR / Upper$260,00021.11170CONDO32
4000 CARMAN DR  #79$270,00022993CONDO53
3812 BOTTICELLI ST$319,995321194CONDO41
4047 JEFFERSON PKWY$330,00032.11228CONDO1
2061 BONNIEBRAE DR$397,50032.11687ATTACHD27
5 SUMMIT RIDGE CT$415,00022.11576ATTACHD101
43 ORIOLE LN$475,000221810DETACHD78
937 COUNTRY CLUB RD$478,400211650DETACHD91
5859 KENNYCROFT WAY$499,90031.11205DETACHD4
18964 REDWING WAY$549,95031.11406DETACHD24
18150 BRYANT RD$590,000321468DETACHD8
4380 DOUGLAS WAY$599,950321364DETACHD62
3595 UPPER DR$629,000421725DETACHD4
17012 CRESTVIEW DR$699,000542750DETACHD4
4584 TRILLIUM WOODS$724,90032.12179ATTACHD44
151 C AVE$775,00022.11934ATTACHD112
4890 SAGE HEN CIR$789,90042.12832DETACHD74
252 GREENWOOD RD$824,900523834DETACHD5
5228 LOWER DR$839,95032.12723DETACHD101
5590 LUCE LN$950,000543374DETACHD6
6 ESSEX CT$998,000444338DETACHD42
2591 PALISADES CREST DR$1,160,00032.14916DETACHD110
6407 MISSION CT$1,239,00043.13623DETACHD1
18460 RAY RIDGE DR$1,249,00042.13769DETACHD34
18024 EASTRIDGE LN$1,289,00053.13781DETACHD580
1200 LAKE GARDEN CT$1,295,000433347DETACHD16
17680 Stafford RD$1,299,00052.13804DETACHD185
978 10TH ST$1,449,000332578DETACHD25
1111 C AVE$1,469,00043.13354DETACHD
3509 LANEWOOD ST$1,800,000443830DETACHD114

SOLD Dec 14, 2020-Jan 3, 2021

AddressOpening PriceClosed Price# Beds# BathsTotal SFProp TypeCDOM
44 EAGLE CREST DR  #17$199,900$185,00011798CONDO16
200 BURNHAM RD  #303$257,000$242,132211200CONDO144
20 CERVANTES CIR$290,000$260,00021.1912CONDO30
45 EAGLE CREST DR  #100$295,000$280,000321537CONDO18
71 CONDOLEA WAY$425,000$415,000332131CONDO88
1402 PARRISH ST$469,000$445,00032.11863CONDO83
13679 JOHNSON TER$515,000$514,86021917DETACHD6
14402 SHERBROOK PL$530,000$515,00032.11976DETACHD43
6270 Shakespeare ST$495,000$527,000311009DETACHD3
4362 GALEWOOD ST$558,000$543,00032.11684DETACHD25
69 CONDOLEA TER$555,000$549,65022.12262CONDO100
29 WALKING WOODS DR$579,900$579,900322311DETACHD71
5204 ROSEWOOD ST$599,000$621,00032.11683DETACHD3
621 9TH ST$649,000$654,000222214DETACHD11
14 INDEPENDENCE AVE$684,900$660,000533296DETACHD191
17950 MEADOWLARK LN$649,000$675,000532727DETACHD97
18863 INDIAN SPRINGS RD$699,900$700,000432001DETACHD2
1227 ASH ST$700,000$717,000322151DETACHD4
9 SPINOSA$725,000$725,00022.12250DETACHD29
19 WESTRIDGE DR$765,000$745,00042.13711DETACHD28
2395 GREENTREE RD$779,900$750,00052.12777DETACHD15
5722 SOUTHWOOD DR$765,000$776,00042.12919DETACHD3
619 CLARA CT$789,000$789,00042.12958DETACHD0
2765 GLEN HAVEN RD$749,900$790,00042.12277DETACHD5
5338 ROYAL OAKS DR$819,000$800,00042.12720DETACHD67
20 Nansen Summit$749,900$800,00043.13768DETACHD2
13456 PROVINCIAL HILL WAY$840,000$805,00032.13071DETACHD69
6435 MCDUFF CT$975,000$890,00053.13424DETACHD65
14218 KIMBERLY CIR$916,500$899,50042.13272DETACHD22
5239 MADRONA ST$885,000$905,000332881DETACHD4
49 HILLSHIRE DR$939,900$915,00043.14268DETACHD113
17215 LOWENBERG TER$995,950$925,00042.12934DETACHD89
2934 TOLKIEN LN$974,800$985,00053.13851DETACHD11
1816 PALISADES LAKE CT$1,200,000$1,025,00032.14598DETACHD104
16791 SYLVAN CT$1,075,000$1,100,00053.14137DETACHD1
2148 Summit DR$1,295,000$1,157,50052.13883DETACHD104
13768 KNAUS RD$1,180,000$1,200,000322480DETACHD4
18375 RIVER EDGE LN$1,185,000$1,265,00042.13512DETACHD51
3131 WEMBLEY PARK RD$1,395,000$1,325,00043.13597DETACHD147
18020 MEADOWLARK LN$1,350,000$1,345,000544217DETACHD4
629 5TH ST$1,475,000$1,365,00042.12985DETACHD64
14005 GOODALL RD$1,800,000$1,500,00043.14809DETACHD207
490 G AVE$1,450,000$1,507,60043.12977DETACHD1
16877 CANYON DR$1,629,900$1,633,086443771DETACHD21
16881 CANYON DR$1,629,900$1,636,986443854DETACHD4
527 NORTHSHORE RD$1,800,000$1,744,000322433DETACHD20
1037 LAKE FRONT RD$2,100,000$2,100,000332700DETACHD0
961 TERRACE DR$2,899,000$2,460,00054.26016DETACHD213

Advice for Every Buyer

I originally found this list of advice at Realtor.com and it was directed at first-time home buyers. But I think it good advice for every buyer, first time, second, seasoned investor, this advice is great for any and all buyers.

Always always always get a house inspection. Always.

Even if the house looks perfect. It can be brand new and still have flaws. In fact, the longest repair addendum I had ever written was for a brand new home in Tigard. It was a gorgeous house, but this builder was building out an entire street. He had his crews on a production schedule that they had to be finished with a house by a specified date in order to progress to the next lot. There was just so much unfinished stuff. Insulation was missing in part the attic. Roof vents were missing screens. Caulking was missing at the back of the kitchen sink. Catching these items while the crews were still in the neighborhood made it easy to bring the workers back in and to get every last item finished correctly.

Don’t forget to also get inspections for radon, the sewer line, asbestos, in-ground tanks, or any other issue that comes along and reflects the age of the house.

Step away from the computer and get pre-approved.

With the Internet giving us easy access to information, it is super easy to do lots of house shopping on your own. It’s also easy to play with mortgage calculators and come up with what you think you can afford. But there comes a time when you need to start working with professionals. In particular, get pre-approved for any financing that you may need. Work with a real person who is local. The on-line lenders, who shall remain nameless in this post, do not have a good reputation for service. In a multiple offer situation, a buyer using a National, on-line lender may be at a disadvantage to a buyer using a local mortgage company with someone who is the point person through the process. Then find yourself a great Realtor. Experienced professionals will be able to guide you to make the process as painless and successful as possible. I also recommend starting with finding a Realtor and then they can give you contact information for great lenders that they know from experience will take good care of you. Both Linda and I have lenders we love to recommend.

Never miss a deadline.

Your Realtor will be keeping track of the deadlines that you need to meet as far as depositing earnest money and completing inspections. You need to be responsible for meeting deadlines with your lender. When they ask you for paperwork, provide it quickly. If you fail to meet the deadlines that your lender sets, you are compromising the chances of closing on time. You have an obligation to cooperate and be as timely as possible.

Choose a lender you like.

I recommend interviewing at least three. This doesn’t mean making applications with all three. It means having a conversation with them. You are going to be sharing very personal information with them about your finances. Your need to have a rapport with them. Find someone who makes it easy and who works for you. Do they return phone calls quickly? Do they answer your questions in a way that you understand?

Summon reserves of patience.

Finding the right house may take time. You may find that you are in situations with multiple offers and your offer may not be chosen. You may get an offer accepted and then have a bad inspection that forces you to end the deal. You may find that at the time of closing a situation comes up that creates a delay. Any number of issues can happen. Go into the home buying experience and pre-set your thinking with the idea that you will exercise patience and allow the process to happen. It will lower the stress and make the entire journey better.

I hope you have found this advice useful. As always, Linda and I are here to help.

Dianne