Category: Buying Advice

What to do when buying real estate in Lake Oswego, Oregon

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News & Notes ~ Sept 2019 Numbers

Here is your look at the most recent data for the entire Portland area (September 2019) and how Lake Oswego fits in to this picture just below.

According to the RMLS Market Action Report for the Portland Metro Area, September, 2019:

  • There were 3,470  New Listings in September 2019 which was down 3.8%  from September of 2018’s 3,606, and  7.6% from the previous month/August’s 3,757.
  • At 2,377 September 2019’s Closed Sales rose at 4.6% higher than September 2018’s 2,272, and  fell 18.1% from the previous month/August 2019’s total of 2,901.
  • September 2019’s Pending Sales (accepted offers), at 2,686 were up  8.7% from September of 2018’s 2,471, but fell 8.3% short from the previous month/August 2019’s total of  2,929.
  • The Average Sale Price in September 2019 of $458,400 up $10,600 over last year/September 2018’s $447,800, and down $4,200 from the previous month/August 2019’s $462,600.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in September 2019 of $410,000 was up from last year/September 2018’s $392,500 by $17,500, and down $7,500 from the previous month/August 2019’s $417,500.   

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

  • North Portland:  $422,300            0.2%   (Aug $440,400)
    •                                                     YTD Median: $408,0500
  • NE Portland:  $481,600                   2.6%   (Aug $506,200)
    •                                                     YTD Median: $430,000
  • SE Portland:  $422,600                   1.4%   (Aug $424,000)
    •                                                     YTD Median: $375,000
  • Gresham/Troutdale:   $368,800     4.3%   (Aug $372,500)
    •                                                     YTD Median: $350,000
  • Milwaukie/Clackamas:  $442,000  3.3%   (Aug $449,000)
    •                                                     YTD Median: $419,000
  • Oregon City/Canby:   $437,400      4.6%   (Aug $435,800)
    •                                                     YTD Median: $415,000
  • Lake Oswego/West Linn:$680,900  0.8%  (Aug $685,500)
    •                                                      YTD Median: $589,500
  • West Portland:    $593,700             -1.8%  (Aug $578,000)
    •                                                     YTD Median: $520,000
  • NW Wash County:  $534,800         -1.2%   (Aug $535,100)
    •                                                      YTD Median: $515,000
  • Beaverton/Aloha:     $408,100       5.0%   (Aug $406,800)
    •                                                     YTD Median: $390,000
  • Tigard/Wilsonville:   $465,900        1.5%   (Aug $465,200)
    •                                                      YTD Median: $440,000
  • Hillsboro/Forest Grove: $411,300  4.2%   (Aug $416,000)
    •                                                      YTD Median: $384,900

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of September 2019 reported:

    •  405 Active Listings  (Aug 452)
    •  162 New Listings     (Aug 199)
    •  128 Pending Sales   (Aug 140)
    •  120 Closed Sales      (Aug 187)
    • Average Sale Price for September: $680,900  (Aug $685,500)
      • 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.
    •  58 Average Days on the Market   (Aug 76)

 

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Market Activity ~ Oct 14-20, 2019

There are a total of 242 homes for sale right now in Lake Oswego. Last week 10 New properties entered the market, 17 moved to Pending status, and 15 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Oct 14-20, 2019)

Address List Price # Beds # Baths Total SF Prop Type
219 CERVANTES, #219 $229,000 2 2 1100 CONDO
3834 BOTTICELLI ST $279,500 2 2 1055 CONDO
5225 JEAN RD, #507 $320,000 3 2 1400 ATTACHD
4510 LOWER DR, #B1 $425,000 3 2.1 1729 CONDO
18 BRITTEN CT $425,000 3 2.1 1972 ATTACHD
17521 TREE TOP LN $589,000 4 2 2488 DETACHD
16758 GRAEF CIR $589,000 3 1 1295 DETACHD
16805 GASSNER LN $699,000 4 3 1773 DETACHD
533 WEIDMAN CT $1,085,000 5 3.1 4092 DETACHD
18320 MEADOWLARK LN $1,670,000 4 4.2 6053 DETACHD

PENDING SALES (Oct 14-20, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
202 CERVANTES / Ground $190,000 2 2 890 CONDO 150
32 CONDOLEA DR / Main $349,900 2 2 1420 CONDO 56
4268 WOODSIDE CIR $375,000 4 2 1944 ATTACHD 162
16417 LAKE FOREST BLVD $378,999 2 1 1066 DETACHD 28
16524 ROOSEVELT AVE $399,990 3 1 1131 DETACHD 94
6 THE GROTTO $425,000 3 2 1381 DETACHD 5
5430 SW SILETZ CT $495,000 4 2 1915 DETACHD 4
524 2ND ST $497,500 2 2.1 1547 CONDO 120
17518 REDFERN AVE $499,000 3 2 1831 DETACHD 7
45 BECKET ST $624,900 3 2.1 2653 DETACHD 78
975 SOUTHSHORE BLVD $629,900 3 2.1 2191 DETACHD 44
17144 WARREN CT $799,900 4 2.1 2778 DETACHD 491
13978 WESTCOTT CT $895,000 4 3 3267 DETACHD 56
14066 EDENBERRY DR $899,000 4 3.1 3835 DETACHD 109
1287 BICKNER ST $1,065,000 4 3.1 2665 DETACHD 158
1990 Indian Trail $1,150,000 4 3 3557 DETACHD 33
3102 DOUGLAS CIR $1,640,000 5 4.1 4644 DETACHD 197

SOLD (Oct 14-20, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
668 MCVEY AVE, #77 $224,900 $212,500 1 1 496 CONDO 71
15938 QUARRY RD #2B $215,000 $221,000 2 1 988 CONDO 10
48 EAGLE CREST DR, #3D $283,000 $287,000 2 2 1436 CONDO 7
3992 CARMAN DR $325,000 $322,000 2 2.1 1107 CONDO 8
4204 WOODSIDE CIR $400,000 $335,500 2 2 1308 TOWNHSE 115
16892 MAPLE CIR $410,000 $410,000 4 2 1481 DETACHD 0
18391 WOOD THRUSH ST $499,900 $495,000 3 2 1450 DETACHD 40
5222 CARMAN DR $565,000 $545,000 3 2 2543 DETACHD 249
18225 SW 65TH AVE $625,000 $603,000 5 2.1 2210 DETACHD 39
17705 TREE TOP LN $829,900 $620,000 5 3 3428 DETACHD 113
16705 GLENWOOD CT $875,000 $725,000 5 3 4243 DETACHD 149
272 GREENWOOD RD $1,145,000 $1,150,000 4 3.1 3218 DETACHD 153
17979 KELOK RD $1,239,000 $1,200,000 2 2.1 2487 DETACHD 56
13258 AMBER PL $1,469,950 $1,375,000 3 4.1 3436 DETACHD 485
4375 SOUTHSHORE BLVD $7,500,000 $7,500,000 4 5.1 6300 DETACHD 0

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.

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Selling and Buying in the Fall

Fall is a time that makes us feel like being home. We watch the leaves change, take strolls in the cooling weather, maybe turn our furnaces on for the first time in awhile, or enjoy a fire in the evening if we have a fireplace.

For all these reasons Fall can be a wonderful time to sell a home. When Buyers are looking, it is always an emotional “Home-feeling” reaction that causes them to make an offer on any particular property. As a Seller, you can maximize this with warmth and homey-touches.

A few things to do if you’re selling in the Fall:
– Rake your leaves & detail your yard
– Clean your gutters
– Freshen the interior and add seasonal touches to the decor
– Service your furnace
– Attend to any moss on the roof (do NOT power-wash as this can damage the shingles. A brush works wonders.)
– Touch-up paint
– Clean the deck (decks can be slippery in the Fall)

Fall is also a fabulous time to be a Buyer. There is plenty of inventory, and right now in particular, though it is not an exclusively Seller’s- or Buyer’s- Market per se, there has been a leveling of prices that’s occurred this year, and the current environment is very friendly to both sides in a transaction as it allows all parties to get more of a feeling of getting what they want in the end. On the Buyer-side, Sellers tend to be more willing to work with Buyers and often are interested in Closing before the end of the year or more importantly, the Holidays! That gives you the opportunity to offer things they want in the way of terms, so its not **all** about price for Sellers at this time of year. I bought my own Lake Oswego home and moved in in time for Thanksgiving! That was a holiday season I will never forget.

As always, please feel free to call on Dianne or myself to help you if you want to get into a home or sell one before the Holidays!

Very Best,
Linda

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Market Activity ~ Sept 30-Oct 6, 2019

Real Estate in Lake Oswego is always attractive. Moving into Fall in earnest, there are a total of 262 homes for sale right now. Last week 14 New properties entered the market, 14 moved to Pending status, and 20 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Sept 30-Oct 6, 2019)

Address List Price # Beds # Baths Total SF Prop Type
4 TOUCHSTONE #94 $170,000 3 2.1 1351 CONDO
65 GALEN ST / Main $184,000 1 1 689 CONDO
107 OSWEGO SMT #107 $229,900 2 1.1 1116 CONDO
4634 LOWER DR / Ground $240,000 2 1.1 1260 CONDO
34 WHEATHERSTONE $399,000 3 2.1 1692 CONDO
28 GREENRIDGE CT $399,900 3 2 1900 TOWNHSE
4688 OAKRIDGE RD $494,000 3 2 1788 DETACHD
5944 BURMA RD $549,000 3 2 1409 DETACHD
4006 CANAL WOODS CT $799,000 4 3.1 3514 DETACHD
5685 CHARLES CIR $929,900 4 2.1 2542 DETACHD
4120 CANAL RD $1,100,000 4 3.1 4104 DETACHD
2201 HILLSIDE DR $1,349,900 5 3.1 4195 DETACHD
1178 ANDREWS RD $1,498,000 4 2.1 3771 DETACHD
1100 BAYBERRY RD $1,625,000 3 3 3507 DETACHD

PENDING SALES (Sept 30-Oct 6, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
3944 CARMAN DR / Main $312,000 2 2.1 1101 CONDO 106
1796 BONNIEBRAE DR $407,000 3 2.1 1738 TOWNHSE 21
48 ORIOLE LN $459,500 3 2 2072 TOWNHSE 147
17144 REBECCA LN $539,900 4 2.1 2018 DETACHD 3
17573 BLUE HERON CT $610,000 4 3 2464 DETACHD 87
16921 KARA LN $610,000 3 2.1 2382 DETACHD 71
440 9TH ST $648,000 3 2 2475 DETACHD 70
71 NANSEN SMT $689,000 4 2.1 3523 DETACHD 63
17701 WESTVIEW DR $750,000 3 3 2115 DETACHD 3
15870 TWIN FIR RD $875,000 3 2.1 2856 DETACHD 71
2937 RIVENDELL RD $1,095,000 3 3.1 4965 DETACHD 166
1699 VILLAGE PARK LN $1,129,000 3 2.2 3342 DETACHD 21
553 6TH ST $1,425,000 4 3.1 3539 DETACHD 0
4011 WESTBAY RD $1,795,000 4 3 4518 DETACHD 196

SOLD (Sept 30-Oct 6, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD, H201 $219,000 $212,000 2 2 840 CONDO 5
750 1ST ST, A7 $296,000 $298,325 2 2 1350 CONDO 3
16200 PACIFIC HWY #9 $425,000 $440,000 2 2 1190 CONDO 2
16722 LAKE FOREST BLVD $519,900 $492,000 4 2 1968 DETACHD 85
5292 FIRWOOD RD $499,000 $499,000 3 1 1170 DETACHD 10
18052 HOBBIT CT $759,000 $580,000 4 3.1 3289 DETACHD 126
14677 DORIS AVE $599,900 $595,000 5 3 2848 DETACHD 30
75 NANSEN SMT $745,000 $660,000 4 3.1 3214 DETACHD 47
3220 EDGEMONT RD $689,999 $681,000 4 3 2124 DETACHD 89
2133 RIDGEWOOD RD $779,900 $690,000 4 3 2059 DETACHD 61
870 LAKE FOREST DR $747,900 $747,900 3 2.1 1980 DETACHD 9
4180 CHAPMAN WAY $774,900 $768,000 4 2.1 2681 DETACHD 12
555 ATWATER RD $859,000 $854,000 5 3 4016 DETACHD 9
5005 DOGWOOD DR $987,000 $940,000 5 3.1 4143 DETACHD 52
3826 UPPER DR $1,149,000 $950,000 4 2.1 3187 DETACHD 231
4613 DOGWOOD DR $1,175,000 $1,020,000 5 3.1 4524 DETACHD 125
1125 NORTHSHORE RD $1,150,000 $1,075,000 3 2 1589 DETACHD 49
768 7TH ST $1,285,000 $1,265,000 3 3.1 2802 DETACHD 798
419 7TH ST $1,289,000 $1,279,000 4 2.1 2813 DETACHD 140
16772 ALDER CIR $2,950,000 $2,850,000 4 3.1 3184 DETACHD 0

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.

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Market Activity ~ Sept 16-22, 2019

There are a total of 268 homes for sale in Lake Oswego right now. Last week 15 New properties entered the market, 19 moved to Pending status, and 15 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Sept 16-22, 2019)

Address List Price # Beds # Baths Total SF Prop Type
38 OSWEGO SMT / Lower $210,000 1 1 902 CONDO
86 KINGSGATE RD, i 201 $226,000 2 2 856 CONDO
5053 FOOTHILLS DR, D $325,000 2 2 1252 CONDO
4210 WOODSIDE CIR $379,999 3 2 1778 TOWNHSE
16417 LAKE FOREST BLVD $398,999 2 1 1066 DETACHD
13662 BLAZER TRL $532,000 3 2 1896 DETACHD
19232 PILKINGTON RD $624,900 3 2.1 1735 CONDO
2 CREEKSIDE TER $679,900 4 2.1 2906 DETACHD
4932 MULHOLLAND DR $680,000 3 2.1 2498 ATTACHD
19262 Pilkington RD $699,900 3 2.1 2194 CONDO
2395 PALISADES CREST DR $735,000 4 3 3397 DETACHD
507 ASH ST $799,000 5 3 4666 DETACHD
5331 W SUNSET DR $960,500 3 3.1 3606 DETACHD
16865 GREENBRIER RD $2,895,000 5 2 6404 DETACHD
16715 PHANTOM BLUFF CT $3,695,000 4 4.1 4585 DETACHD

PENDING SALES (Sept 16-22, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
668 MCVEY AVE #77 $214,900 1 1 496 CONDO 71
4000 CARMAN DR #D53 $219,000 1 1 836 CONDO 13
200 CERVANTES / Grnd $229,000 3 1.1 1138 CONDO 15
3834 BOTTICELLI ST $279,500 2 2 1055 CONDO 83
668 MCVEY AVE #10 $299,995 3 1.1 992 CONDO 174
5054 FOOTHILLS DR, H $327,000 3 2 1252 CONDO 20
4410 THUNDER VISTA LN $339,900 2 2.1 2040 CONDO 172
6216 WAYZATA CT $430,000 3 2 1261 DETACHD 86
206 GREENRIDGE DR $462,500 3 2 1392 ATTACHD 20
17761 DEEMAR WAY $469,900 3 2 1610 DETACHD 140
524 2ND ST $497,500 2 2.1 1547 CONDO 91
17608 SYDNI CT $549,500 4 2.1 2466 TOWNHSE 70
3600 RED CEDAR WAY $585,000 4 2 2058 DETACHD 27
18263 ANDUIN TER $719,000 4 3 3103 DETACHD 70
14100 EDENBERRY DR $775,000 3 2.1 2881 DETACHD 2
5005 DOGWOOD DR $950,000 5 3.1 4143 DETACHD 52
3270 FIR RIDGE RD $1,449,000 4 3.1 3872 DETACHD 14
720 SOUTHVIEW RD $2,195,000 4 3 3599 DETACHD 115
4 TOUCHSTONE #69 AUCTION 3 3 1351 CONDO 20

SOLD (Sept 16-22, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #91 $209,900 $210,000 2 2 993 CONDO 77
86 KINGSGATE RD #F204 $225,000 $227,000 2 2 849 CONDO 4
3896 BOTTICELLI ST / Grnd $293,900 $266,000 2 1.1 1132 CONDO 99
1621 WOODLAND TER $625,000 $590,000 4 2.1 2933 DETACHD 34
5587 BAY CREEK DR $639,000 $630,000 4 2.1 2507 DETACHD 11
1058 HEMLOCK ST $649,900 $638,000 4 3 2077 DETACHD 110
17321 CANYON DR $699,500 $695,000 5 3.1 4825 DETACHD 5
1286 LARCH ST $724,900 $719,000 4 2.1 2410 DETACHD 10
676 9TH ST $799,000 $775,000 2 1 1982 DETACHD 13
13485 STREAMSIDE DR $799,900 $800,000 4 3 3023 DETACHD 3
171 5TH ST $899,000 $814,500 4 2 2367 DETACHD 87
4027 CANAL WOODS CT $1,069,000 $1,050,000 4 3.1 4232 DETACHD 118
13131 KNAUS RD $1,697,000 $1,562,000 6 3.2 5353 DETACHD 6
13085 SW KNAUS RD $2,300,000 $2,015,000 4 2.1 3993 DETACHD 16
920 WESTPOINT RD $4,300,000 $4,155,000 4 4.1 6337 DETACHD 162

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.

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Most and Least Expensive

There are currently 271 properties for sale in Lake Oswego. 217 of those are detached, single-family homes and 54 are condos or townhouses. I thought that this week I’d share the extremes in the market of most and least expensive.

The least expensive condo is a 1 bedroom, 1 bath unit that has 764 square feet. It was built in 1978 and has a carport. The asking price is $169,900 The most expensive condo is 2 bedrooms, 2.5 baths, located in First Addition. It was built in 2007, 1748 square feet, and has a 2-car garage. The asking price is $829,000.

The least expensive detached house is a single-level house that was built in 1953. It has 3 bedrooms, 1 bath, 1131 square feet and has a carport. The asking price is $399,900.

The most expensive house is located on one of the most beautiful lots on the main lake. It is just a stunning setting. It’s on my walking route that I have been walking for decades. The lot had an older home on it that I found gorgeous. When that house was torn down my heart sank. I asked around because I just couldn’t see why any one would have torn it down. What I learned was that the house was built up against some massive rocks and that the foundation leaked terribly. The engineering to preserve the house was beyond the cost of a new houses foundation, so it made financial sense to tear it down and start over. The house that is now on this lot was built in 1985. It has 5544 square feet with 4 bedrooms and 5.5 baths. Along with 250′ of main lake waterfront, the house has a swimming pool, hot tub, boat house and a guest house. It was originally listed in June for $8,500,000. The price has been dropped to $6,888,000.

I used to do this comparison kind of regularly as I liked to point out that Lake Oswego does have affordable housing. A condo for $169,900 and a house for $399,990 is right in there with other parts of the Portland metro area. I’ve always felt that buyers in this price range over look Lake Oswego because they just assume that there are only super expensive, luxury homes in LO. Yes, we do have lots of the luxury stuff, but we do have affordable as well. I like to get the word out.

As always, thanks for reading,
Dianne

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News & Notes ~ August 2019 Numbers

Here is your look at the most recent data for the entire Portland area (August 2019) and how Lake Oswego fits in to this picture just below.

According to the RMLS Market Action Report for the Portland Metro Area, August, 2019:

  • There were 3,757  New Listings in August 2019 which was down 10.8%  from August of 2018’s 4,214, and  5.3% from the previous month/July’s 3,966.
  • At 2,901 August 2019’s Closed Sales were down slightly at 2.2% lower than August 2018’s 2,967, and  again 1.5% lower than the previous month/July 2019’s total of 2,994 .
  • August 2019’s Pending Sales (accepted offers), at 2,929 were up  6.1% from August of 2018’s 2,760, but down at bit at 2.3% from the previous month/July 2019’s total of  2,998.
  • The Average Sale Price in August 2019 of $462,600 was about the same as last year/August 2018’s $462,400, and was down $3,400 from the previous month/July 2019’s $466,000.  
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in August 2019 of $417,500 was up from last year/August 2018’s $407,500 by $10,000, and up $5,900 from the previous month/July 2019’s $411,600 .   

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

  • North Portland:  $440,400            1.2%   (July $406,300)
    •                                                     YTD Median: $405,000
  • NE Portland:  $506,200                   1.8%   (July $499,200 )
    •                                                     YTD Median: $430,000
  • SE Portland:  $424,000                   1.7%   (July $424,200)
    •                                                     YTD Median: $375,000
  • Gresham/Troutdale:   $372,500     5.1%   (July $373,200)
    •                                                     YTD Median: $353,000
  • Milwaukie/Clackamas:  $449,000  3.4%   (July $452,500)
    •                                                     YTD Median: $418,000
  • Oregon City/Canby:   $435,800      4.0%   (July $446,600)
    •                                                     YTD Median: $415,000
  • Lake Oswego/West Linn:$685,500 -0.7%  (July $681,000)
    •                                                      YTD Median: $590,000
  • West Portland:    $578,000             -0.7%  (July $587,800)
    •                                                     YTD Median: $520,000
  • NW Wash County:  $535,100         -2.5%   (July $557,800)
    •                                                      YTD Median: $515,000
  • Beaverton/Aloha:     $406,800       5.7%   (July $411,100)
    •                                                     YTD Median: $390,000
  • Tigard/Wilsonville:   $465,200        2.2%   (July $492,600)
    •                                                      YTD Median: $440,000
  • Hillsboro/Forest Grove: $416,000  4.1%   (July $423,300)
    •                                                      YTD Median: $384,900

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of August 2019 reported:

    •  452 Active Listings  (July 451)
    •  199 New Listings     (July 226)
    •  140 Pending Sales   (July 187)
    •  187 Closed Sales      (July 170)
    • Average Sale Price for August: $685,500  (July $681,000)
      • 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.
    •  76 Average Days on the Market   (July 62)

 

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Market Activity ~ Sept 2-8, 2019

There’s a bit of a chill in the air (its just a tease…warm weather will be back!) and a total of 279 homes for sale in Lake Oswego right now. Last week 12 New properties entered the market, 20 moved to Pending status, and 13 were “Closed”/Sold.

We continue to see a really nice spectrum of price ranges, and of course this time of year is always the best time for a Buyer in this area. I’d be happy to explain to you the “why’s” of that anytime!

Following is the breakdown for you according to RMLS:

NEW on Mkt (Sept 2-8, 2019)

Address List Price # Beds # Baths Total SF Prop Type
4000 CARMAN DR, D53 $219,000 1 1 836 CONDO
200 CERVANTES / Grnd $229,000 3 1.1 1138 CONDO
4438 THUNDER VISTA LN #4438 $349,900 3 2.1 2040 CONDO
5178 LOWER DR $565,000 3 2 1800 DETACHD
975 SOUTHSHORE BLVD $639,900 3 2.1 2191 DETACHD
7 MOUNTAIN VIEW LN $799,500 5 2.1 3324 DETACHD
2025 WEMBLEY PARK RD $925,000 4 2.1 2700 DETACHD
16495 GLENWOOD CT $1,219,000 5 3.1 4533 DETACHD
17912 KELOK RD $1,250,000 5 3 3218 DETACHD
3250 FIR RIDGE RD $1,349,000 4 3.1 3541 DETACHD
15566 VILLAGE PARK CT $1,398,000 5 3.1 4855 DETACHD
3270 FIR RIDGE RD $1,449,000 4 3.1 3872 DETACHD

PENDING SALES (Sept 2-8, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #56 $189,000 3 1 1024 CONDO 53
3992 CARMAN DR $325,000 2 2.1 1107 CONDO 8
44 TOUCHSTONE $425,000 4 3 2507 DETACHD 23
16494 INVERURIE RD $449,000 3 1 1302 DETACHD 68
21 MOUNTAIN CIR $469,000 3 2 1820 ATTACHD 18
20 NORTHVIEW CT $599,000 3 3.1 2809 ATTACHD 65
4938 MULHOLLAND DR $599,900 3 2.1 2558 ATTACHD 86
18833 INDIAN CREEK AVE $619,900 4 2.1 2301 DETACHD 3
819 BOCA RATAN DR $713,000 4 3 2760 DETACHD 939
5998 FROST LN $749,000 4 2.1 2935 DETACHD 22
4180 CHAPMAN WAY $774,900 4 2.1 2681 DETACHD 12
1505 EASTVIEW CT $799,000 3 3.1 3367 DETACHD 102
5 SCARBOROUGH DR $815,000 4 2.1 3221 DETACHD 26
5705 SOUTHWOOD DR $879,000 4 2.1 3360 DETACHD 7
4613 DOGWOOD DR $1,040,000 5 3.1 4524 DETACHD 125
1525 MAPLE ST $1,050,000 4 3.1 3000 DETACHD 214
18049 SKYLAND CIR $1,080,000 3 3 3717 DETACHD 188
18989 PILKINGTON RD $1,189,950 4 3 3640 DETACHD 418
272 GREENWOOD RD $1,195,000 4 3.1 3218 DETACHD 153
919 WESTPOINT RD $3,899,000 4 4 4858 DETACHD 508

SOLD (Sept 2-8, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
5054 FOOTHILLS DR, E $299,999 $300,000 3 2 1252 CONDO 8
5054 FOOTHILLS DR, C $299,900 $310,000 3 2 1252 CONDO 2
15252 BOONES WAY $485,000 $430,000 3 2 1672 ATTACHD 283
12 CONDOLEA DR / Main $425,000 $430,000 2 2 1312 CONDO 16
15368 WALUGA DR $599,000 $475,000 3 2 1876 DETACHD 420
150 KINGSGATE RD $485,000 $490,000 3 2 1502 DETACHD 20
6419 SW DAWN ST $609,900 $578,000 4 2.1 2016 DETACHD 382
16950 LAKERIDGE DR $659,000 $636,300 4 2.1 2346 DETACHD 9
1816 PALISADES LAKE CT $860,000 $640,000 3 2.1 4598 DETACHD 161
2770 WEMBLEY PARK RD $815,000 $732,500 5 3 3378 DETACHD 112
893 10TH ST $1,295,000 $1,235,000 4 2.1 2719 DETACHD 116
16359 CHAPIN WAY $1,395,000 $1,265,000 4 3.1 4158 DETACHD 59
13366 BRIARWOOD LN $1,325,000 $1,325,000 5 3 3310 DETACHD 56

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.

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Market Activity ~ Aug 19-25, 2019

There are a total of 301 homes for sale in Lake Oswego right now. Last week 14 New properties entered the market, 14 moved to Pending status, and 24 were “Closed”/Sold. A really nice spectrum of price ranges… in those coming on the market, going Pending and Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Aug 19-25, 2019)

Address List Price # Beds # Baths Total SF Prop Type
213 Cervantes $234,999 2 1.1 1216 CONDO
317 CERVANTES $240,000 2 2 1209 CONDO
164 OSWEGO SMT $249,000 2 2 1383 CONDO
668 MCVEY AVE #45 $249,000 2 1 852 CONDO
668 MCVEY AVE #74 $298,500 1 1 636 CONDO
32 CONDOLEA DR / Main $359,900 2 2 1420 CONDO
3600 RED CEDAR WAY $585,000 4 2 2058 DETACHD
30 BECKET ST $585,000 3 2 2077 DETACHD
16 ABELARD ST $625,000 5 3 3012 DETACHD
4180 CHAPMAN WAY $774,900 4 2.1 2681 DETACHD
4092 ORCHARD WAY $835,000 4 3.1 3591 DETACHD
555 ATWATER RD $859,000 5 3 4016 DETACHD
13978 WESTCOTT CT $945,000 4 3 3267 DETACHD
16800 LAKERIDGE DR $1,100,009 4 3 2369 DETACHD

PENDING SALES (Aug 19-25, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
45 EAGLE CREST DR #409 $200,000 2 2 1214 CONDO 2
86 KINGSGATE RD #H201 $219,000 2 2 840 CONDO 5
86 KINGSGATE RD #F204 $225,000 2 2 849 CONDO 4
3896 BOTTICELLI ST $271,000 2 1.1 1132 CONDO 99
5054 FOOTHILLS DR, C $299,900 3 2 1252 CONDO 2
16200 PACIFIC HWY #9 $425,000 2 2 1190 CONDO 2
6472 SW DAWN ST $489,900 3 2 1032 DETACHD 1
18052 HOBBIT CT $646,700 4 3.1 3289 DETACHD 126
870 LAKE FOREST DR $747,900 3 2.1 1980 DETACHD 9
2903 LAKEVIEW BLVD $770,000 2 2.1 1951 DETACHD 44
15564 VILLAGE DR $1,098,000 4 2.1 3260 DETACHD 4
18953 PILKINGTON RD $1,147,900 4 3 3420 DETACHD 410
13131 KNAUS RD $1,697,000 6 3.2 5353 DETACHD 6
4011 WESTBAY RD $1,795,000 4 3 4518 DETACHD 159

SOLD (Aug 19-25, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
44 EAGLE CREST DR #41 $194,950 $199,000 2 1 908 CONDO 3
4 TOUCHSTONE #140 $229,000 $225,000 3 2.1 1351 CONDO 11
bb#B23 $265,000 $265,000 2 2 866 CONDO 9
3862 BOTTICELLI ST / Grnd $279,900 $271,300 3 2 1224 CONDO 8
3822 BOTTICELLI ST $289,900 $285,000 3 2 1171 CONDO 10
5835 COLBY CT $419,900 $429,900 3 1.1 1209 DETACHD 8
4960 CENTERWOOD ST $540,000 $540,000 3 2 1663 DETACHD 1
3977 BASS LN $549,000 $590,000 3 2 1953 DETACHD 6
21 GROUSE TER $647,000 $610,000 4 2.1 3108 DETACHD 37
5602 SOUTHWOOD DR $660,000 $695,000 3 2.1 2636 DETACHD 3
949 CUMBERLAND RD $750,000 $725,000 4 2.1 2420 DETACHD 15
19 HIDALGO ST $735,000 $735,000 4 3.1 4747 DETACHD 19
17802 TREE TOP LN $799,900 $800,000 4 3.1 4110 DETACHD 1
2927 TOLKIEN LN $798,000 $805,000 4 2.1 2819 DETACHD 8
12511 SHELBY CT $925,000 $820,000 5 3.1 3641 DETACHD 30
642 3rd ST $879,900 $879,900 3 2.1 2274 CONDO 63
2 GROUSE TER $949,000 $914,460 4 3 4446 DETACHD 77
16586 PHANTOM BLUFF CT $999,000 $995,000 3 2.1 2571 DETACHD 167
5051 LAKEVIEW BLVD $1,199,000 $1,011,350 4 3.1 3506 DETACHD 84
19114 35TH PL $1,095,000 $1,040,000 4 4.1 5447 DETACHD 308
2912 WEMBLEY PARK RD $1,475,000 $1,395,000 4 3.2 4389 DETACHD 155
17763 Kelok RD $1,495,000 $1,438,000 4 4 3840 DETACHD 354
13430 FIELDING RD $2,298,000 $1,900,000 4 3.1 4376 DETACHD 332
1277 CHANDLER RD $1,998,000 $1,995,000 4 3.1 4500 DETACHD 471

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.

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Market Activity ~ Aug 5-11, 2019

There are a total of 299 homes for sale in Lake Oswego right now. Last week 11 New properties entered the market, 23 moved to Pending status, and 24 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Aug 5-11, 2019)

Address List Price # Beds # Baths Total SF Prop Type
4 TOUCHSTONE #91 $209,900 2 2 993 CONDO
5787 BALEINE ST $389,900 3 1 960 DETACHD
5222 CARMAN DR $565,000 3 2 2543 DETACHD
18225 SW 65TH AVE $625,000 5 2.1 2210 DETACHD
2013 RIDGEWOOD RD $1,099,000 5 3.1 5226 DETACHD
5350 SW DAWN ST $1,100,000 3 3 2420 DETACHD
272 GREENWOOD RD $1,195,000 4 3.1 3218 DETACHD
4687 FIRWOOD RD $1,198,000 3 2.1 2803 DETACHD
18124 PIONEER CT $1,298,000 3 2.1 3201 DETACHD
2445 GLENMORRIE DR $1,385,000 5 5 5168 DETACHD
1715 EDGECLIFF TER $1,675,000 4 4.1 4927 DETACHD

PENDING SALES (Aug 5-11, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY #82 $229,900 1 1 841 CONDO 32
3846 BOTTICELLI ST / Grnd $265,000 2 1.1 1132 CONDO 125
3822 BOTTICELLI ST $289,900 3 2 1171 CONDO 10
5 BLOCH TER $364,900 3 2.1 1972 TOWNHSE 54
19060 INDIAN CREEK AVE $499,999 3 2 1566 DETACHD 120
805 BULLOCK ST $519,900 4 2 2482 DETACHD 44
15368 WALUGA DR $525,000 3 2 1876 DETACHD 420
16860 LAKERIDGE DR $534,000 3 2 1829 DETACHD 2
14674 RAINBOW DR $648,000 4 3 3190 DETACHD 113
1058 HEMLOCK ST $649,900 4 3 2077 DETACHD 110
3220 EDGEMONT RD $689,999 4 3 2124 DETACHD 89
17321 CANYON DR $699,500 5 3.1 4825 DETACHD 5
1286 LARCH ST $724,900 4 2.1 2410 DETACHD 10
13485 STREAMSIDE DR $799,900 4 3 3023 DETACHD 3
4353 SNOWBRUSH CT $819,000 5 3.1 3808 DETACHD 45
642 3rd ST $879,900 3 2.1 2274 CONDO 63
4027 CANAL WOODS CT $1,069,000 4 3.1 4232 DETACHD 118
5702 MEADOWCREEK CT $1,089,000 4 3.1 3205 DETACHD 81
893 10TH ST $1,295,000 4 2.1 2719 DETACHD 116
16359 CHAPIN WAY $1,348,000 4 3.1 4158 DETACHD 59
3919 SOUTHSHORE BLVD $1,425,000 4 3.1 3986 DETACHD 4
19575 35TH CT $2,225,000 5 3 6081 DETACHD 23
13085 SW KNAUS RD $2,300,000 4 2.1 3993 DETACHD 16

SOLD (Aug 5-11, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY #46 $360,000 $325,000 2 2 1305 CONDO 12
1918 BONNIEBRAE DR $400,000 $380,000 4 2 1595 TOWNHSE 18
114 GREENRIDGE CT $420,000 $395,000 2 2 1824 TOWNHSE 60
438 5TH ST $450,000 $440,000 2 1.1 1092 CONDO 16
32 AQUINAS ST $479,990 $479,990 3 2 1518 DETACHD 7
15136 GLEN EAGLES CT $799,999 $550,000 5 3 3150 DETACHD 163
19061 INDIAN SPRINGS RD $569,900 $570,000 4 3 2341 DETACHD 48
17617 SYDNI CT $615,000 $600,000 4 2.1 2651 TOWNHSE 36
8 SIBELIUS CT $595,000 $627,000 4 2.1 2445 DETACHD 4
737 ASH ST $649,990 $640,000 4 2 2428 DETACHD 118
2401 GLEN HAVEN RD $699,900 $652,500 4 3 2942 DETACHD 38
1426 GREENTREE CIR $689,900 $685,000 4 3 3216 DETACHD 14
5492 YORKSHIRE PL $719,900 $690,000 4 2.1 2462 DETACHD 46
5950 HARRINGTON AVE $799,000 $745,000 4 3.1 2816 DETACHD 48
15147 BROOK CT $815,000 $825,000 4 2.1 3221 DETACHD 4
16176 MATTHEW CT $839,900 $837,500 4 2.1 3474 DETACHD 27
2358 SUMMIT DR $880,000 $845,000 3 2.1 2995 DETACHD 14
6044 CLAIRMONT CT $880,000 $847,000 4 2.1 3430 DETACHD 274
917 LAUREL ST $987,000 $850,000 4 3.1 3182 DETACHD 141
35 HIDALGO ST $879,000 $875,000 3 3.1 3926 DETACHD 325
17878 HILLSIDE DR $899,900 $889,000 5 3 3594 DETACHD 40
3623 EENA RD $990,000 $927,000 4 3.1 3429 DETACHD 89
18058 PILKINGTON RD $1,140,000 $1,075,000 3 3 3185 DETACHD 82
841 NORTHSHORE RD $1,398,000 $1,275,000 3 3 2388 DETACHD 189

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.