3D Printed Houses

This is a bit of a divergence from the usual posts that Linda and I write where we try to focus on Lake Oswego Real Estate. Instead I decided to share something that I find just fascinating: 3D printed houses.

A company in Texas, ICON, is 3D printing houses. The company set a goal of finding a way to build houses that are more affordable, resilient, and that can be built faster. Their first house was built in 2018. it was 350 square feet and took 48 hours to print out. It was built in Austin, Texas, a place with very strict building codes. The house was fully permitted.

The printer is quite large, as you can imagine. It’s called a Vulcan II. It extrudes a cement compound called Lavacrete. It pours out 5-7 inches per second. Today, a 400-500 square foot house can be built in 24 hours.

Today, houses can be built up to 2000 square feet.

I say “built”, but I think that is a rather a loose term in this enstance. Once the shell of the house has been “printed”, it is set on a foundation and the components, like windows, doors, plumbing, etc., are added.

The printer can do more than build square boxes. It can be programed for things like curved walls and vaulted ceilings.

The cost savings is approximately half of a traditional stick built home. Partnering with Mobile Loaves and Fishes, ICON is working to build housing for the homeless.

I just love the inovation and found this entire concept intriquing. For more information, click here.

I hope you found this as fascinating as I did, and, as always, thanks for reading the blotter.

Dianne

News & Notes ~ March 2021 Numbers

Here is your wider Portland Market Report according to RMLS data, with overall Neighborhood changes and Lake Oswego data broken out below.

Overview/Fluctuations ~  Market Data March 2021:                                              

Low Inventory continues to be the driver of competition in the greater Portland area where we see price increases in most neighborhoods/areas from the prior month & all areas increasing over 2020. (See below for breakdown). Comparing 2021 to the same period in 2020 thru March, Overall Average Price has increased 16.6% and Median Price 14.9%.

My trusted Mortgage Advisors say Mortgage rates are hovering around 3.125%. This rate varies and can be reduced with a buy-down, or affected by individual qualifiers. I’m happy to connect you with someone to discuss your particular situation.         

According to the RMLS Market Action Report  for the Portland Metro Area, March 2021:

  • There were 3,465 New Listings in March 2021 decreased only slightly at 0.1% from March 2020’s 3,468 and increased 40.1% from the previous month/February’s 2,474.
  • At 2,556, March 2021’s Closed Sales are up 8.5% from March 2020’s 2,356, and also up 29.2% from the previous month/February’s total of 1,978
  • At 3,346, March 2021’s Pending Sales increased 42.6% from March 2020’s 2,347, and also jumped up by 51.5% from the previous month/February’s total of 2,208.
  • The Average Sale Price in March 2021 of $554,300 is up $88,800 from last year/March2020’s $465,500, and up $12,300. from the previous month/February’s $542,000.   
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in March 2021 of $488,000 rose $63,000 from last year/March 2020’s $425,000, and also increased $8,900 from the previous month/February’s $479,100.

LAKE OSWEGO

The combined areas of Lake Oswego and West Linn for the month of March 2021 reported:

  • 112 Active Listings (Feb 82)
  • 188 New Listings    (Feb 97)
  • 156 Pending Sales (Feb 92)
  • 112 Closed Sales    (Feb 92)
  • Average Sale Price for Mar: $944,100  (Feb $876,900)
    • 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.
  •  77 Average Days on the Market   (Feb 77)

Market Activity ~ April 5-11, 2021

NEW April 5-11, 2021

AddressList Price# Beds# BathsTotal SFProp Type
526 S State ST  5A$314,95021914CONDO
225 CERVANTES$319,00021.11216CONDO
3101 MCNARY PKWY  #6$399,90032.11532CONDO
76 GREENRIDGE CT$674,90043.12868ATTACHD
16041 WALUGA DR$679,000421982DETACHD
9 FALSTAFF ST$759,00042.12436DETACHD
18634 Bryant RD$775,00032.12858DETACHD
19233 INDIAN SPRINGS RD$799,95044.13423DETACHD
537 COUNTRY CLUB RD$849,000321901DETACHD
100 LEONARD ST, Upper Lvl$965,00032.12482CONDO
524 WEIDMAN CT$979,00042.13450DETACHD
6 DOVER WAY$1,795,00043.14499DETACHD
17979 S CRESTLINE DR$3,045,000434858DETACHD

PENDING April 5-11, 2021

AddressList Price# Beds# BathsTotal SFProp TypeCDOM
366 CERVANTES CIR$210,00021832CONDO2
4 TOUCHSTONE  #82$258,00032.11351CONDO238
5840 SW BURMA RD$475,00031.11632DETACHD47
19255 BENFIELD AVE$499,000321840DETACHD36
5720 KENNY ST$499,900321416DETACHD3
19242 TERRY AVE$619,900421872DETACHD2
143 DEL PRADO ST$621,500321907DETACHD0
17 ABELARD ST$650,000322122DETACHD2
4688 OAKRIDGE RD$675,000321788DETACHD17
17608 SYDNI CT$675,00042.12466ATTACHD19
5316 LOWER DR$699,00032.12016DETACHD15
1268 HIDE A WAY CT$759,90042.12423DETACHD6
115 FURNACE ST  2N$819,00022.11885CONDO30
5 Mountain View LN$849,00053.13850DETACHD61
672 1ST ST$850,00022.11986CONDO4
12793 SIERRA VISTA DR$899,90043.13650DETACHD3
10 YORICK ST$925,00053.14023DETACHD19
1515 CHERRY LN$925,00053.14699DETACHD4
12624 SW 22ND AVE$945,00043.13665DETACHD4
5544 KILCHURN AVE$995,00042.13308DETACHD4
115 ASH ST$1,025,000434469DETACHD7
18041 CARDINAL DR$1,095,00032.11950DETACHD1
1061 YATES ST$1,100,00043.12899DETACHD14
4431 BERNARD ST$1,149,000432840DETACHD23
486 LAKE BAY CT$1,150,000321603DETACHD4
1255 Bickner ST$1,199,00042.12764DETACHD58
18958 BRYANT RD$1,199,90042.13178DETACHD13
1992 PALISADES TERRACE DR$1,250,00053.14140DETACHD7
13613 PROVINCIAL HILL WAY$1,550,00063.14534DETACHD4
15400 DIAMOND HEAD RD$2,100,00043.13358DETACHD1
95 IRON MOUNTAIN BLVD$2,195,00054.15710DETACHD184
15780 TWIN FIR RD$2,769,90044.14270DETACHD44

SOLD April 5-11, 2021`

AddressOpening PriceClosed Price# Beds# BathsTotal SFProp TypeCDOM
47 EAGLE CREST DR  #43$209,500$212,000211017CONDO3
4000 CARMAN DR   G101$248,900$260,00022869CONDO4
4644 LOWER DR, Upper Lvl$260,000$285,00021.11170CONDO5
578 2ND ST$539,900$539,90022.11361PLNCOMM6
853 E AVE$650,000$650,00021750DETACHD6
2679 GLEN EAGLES RD$729,900$702,000332378DETACHD277
18975 OLSON AVE$600,000$736,000633569DETACHD5
33 TOUCHSTONE$699,900$770,000543854DETACHD5
4749 BLACK FOREST CT$715,000$775,00042.12255DETACHD5
5796 BAY POINT DR$775,000$843,00042.12399DETACHD2
16631 FORD PL$899,900$920,00042.13180DETACHD4
4184 VIRGINIA WAY$849,900$976,000421700DETACHD5
2240 RIDGEWOOD RD$939,000$1,075,00043.12777DETACHD2
100 GARIBALDI ST$1,175,000$1,210,00053.24572DETACHD3
15420 BOONES WAY$1,345,000$1,325,00032.13364ATTACHD43
419 7TH ST$1,350,000$1,350,00042.12813DETACHD11
17010 Canal CIR$1,595,000$1,665,00043.13746DETACHD
1947 Summit DR$1,795,000$1,716,00045.15570DETACHD150
16655 MAPLE CIR$3,498,000$3,170,00033.13100DETACHD0

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.

Tree City USA

This year is the 32nd year that Lake Oswego has maintained the designation of “Tree City USA”. To have this designation a city must maintain four standards: have a Tree Board that brings together Parks, Recreation, and a Natural Resources Advisory Board; have a tree ordinance; spend a minimum of $2 per capita on urban forest management; and proclaim and celebrate Arbor Day annually.

Arbor Day is the last Friday in April, and April is Arbor Month. There are numerous ways that Lake Oswego is celebrating.

Tree Pruning Workshop

April 24th, 10am to 12pm, at the Pavilion at Foothills Park. Due to covid, attendance is limited and pre-registration is required. Pruning and maintaining trees is crucial, not just for the health of the tree, but truly for the safety of the home. Our big ice storm last month was a perfect example. Lake Oswego has lots and lots of trees. That ice storm took down so many limbs and many of those limbs were distructive to property, not to mention the power outages. At my home, we had an arborist clean up our trees about 5 years ago. I have 5 huge trees on my property. In the ice storm, not one limb came down. Not one. To register for this workshop telephone 503-635-0290 or email planning@lakeoswego.city. The class is free

Lake Grove Swim Park

Gnomes in Nature

Gnomes are being hidden at three parks: Foothills, River Run, and Stevens Meadows. The gnomes have names: Blossom, Greenie, and Oak. Between now and October get out to enjoy the parks and when you find a gnome, take your picture with the gnome and post it to social media using the hashtag #LOparksgnomes. Each time you post this hashtag you will be entered into a contest to win your very own gnome. Did you know that LO has over 460 acres of natural park areas? Visit lo-stewardship.org for park locations, gnome clues, and to learn more about each gnome.

Heritage Trees

Lake Oswego has annually been designating trees as “Heritage Trees” for 40 years. They are magnificent and each year when a tree is designated I like to go and see it. Most are on private property, so viewing them is done from the street, but wow, they are gorgeous. This years tree is a 55′ tall Japanese Zelkova that measures 6′ 10″ in circumference and has a crown with a 60′ spread. It is located at 3209 Lake Grove Blvd. To see a complete list of the Heritage Trees and where they are located, visit lakeoswego.city/planning/heritage-tree-program.

I honestly think that people move to Oregon, not just Lake Oswego, because they love the natural beauty and being in the outdoors. We’re now moving into the time of year when going outside is such a pleasure! I’m proud that my city, Lake Oswego, knows this and values its natural resources. Three cheers for LO and Tree City USA!

Dianne

Lake Grove is getting a Farmer’s Market

As a resident of the Lake Grove area, I am just super excited about the new Farmer’s Market. It is a pilot program to gage the level of interest for a Farmer’s Market on the West side of town. The market is currently happening on Sundays from 1-5. It will run through April 25th. At that point a decision will be made as to whether or not the market will become permanent.

The market is located on Hallmark Drive between Mercantile Dr and Collins Way. There is abundant parking available at Lake Grove Elementary School

Each week there are 15-20 vendors selling produce, meats, seafoods, flowers, and hot foods. For more information and for a complete list of vendors click here.

This market is in addition to the Farmer’s Market that has occured on the East side of town at Millenium Plaza Park. That market runs Saturdays, 8:30-1:30, May 5th thru October 2nd.

I hope to see you at the market!

Dianne

News & Notes ~ Feb 2021 Numbers

Here is your wider Portland Market Report according to RMLS data, with overall Neighborhood changes and Lake Oswego data broken out below.

Overview/Fluctuations ~  Market Data February 2021:           Inventory is holding steady with one month of supply available.  Competition is heavy, though we finally see more properties hitting the market now in March, which should alleviate that a little.  Competition pushes prices up as you can see in the Neighborhood Report below comparing January & February prices. Rolling 12-month Appreciation rates in all areas are up.

Mortgage rates will be rising inspired by the economy’s steady recovery. Today’s rates are hovering around 3% or a little higher based on a number of factors, but most can “buy the rate down” a bit & get it lowered. My trusted Mortgage Advisors can give you  more info.      

According to the RMLS Market Action Report  for the Portland Metro Area, Feb. 2021:

  • There were 2,474 New Listings in Feb 2021 decreased  10.3% from Feb of 2020’s 2,759  and also dropped 4.1% from the previous month/January’s 2,579.
  • At 1,978, Feb 2021’s Closed Sales are up 4.3% from Feb 2020’s 1,897, and also up 7.1% from the previous month/January’s total of 1,847
  • At 2,208, Feb 2021’s Pending Sales are down 15% from Feb 2020’s 2,598, and also down 11.5% from the previous month/January’s total of 2,496.
  • The Average Sale Price in Feb 2021 of $542,000 is up $84,100 from last year/Feb 2020’s $457,900, and up $27,300. from the previous month/January’s $514,700.   
  • The “Median” Sale Price (the price smack dab in the middle of all sales) in Feb 2021 of $470,100 rose $63,100 from last year/Feb 2020’s $407,000, and also increased 10,100 from the previous month/January’s $460,000.

                                        LAKE OSWEGO

The combined areas of Lake Oswego and West Linn  for  the month of February 2021 reported:

  • 82 Active Listings (Jan 84)
  • 97 New Listings    (Jan 112)
  • 92 Pending Sales  (Jan 121)
  • 92 Closed Sales    (Jan 97)
  • Average Sale Price for Feb: $876,900  (Jan $812,700)
    • 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.
  •  77 Average Days on the Market   (Jan 46)

News & Notes ~ Jan 2021 Numbers

Overview/Fluctuations ~  Portland Area Market Data Jan 2021: 

The big story in January is that our Inventory increased from .8 to 1.0 months of supply. If you  think that’s not much, you’re right! We continue to be at record lows in available homes. Last year in January we had 2.2 months of Inventory, which was low. The previous year (Jan 2019) we had 3.3 months of Inventory. So, the field is still competitive out there which means it is a terrific time to sell a home and if you’re buying, rates are still low hovering around 3.125, so better not to wait!

According to the RMLS Market Action Report  for the Portland Metro Area, Jan. 2021:

  • There were 2,579 New Listings in Jan 2021 decreased  6.4% from Jan of 2020’s 2,754, and increased 48.2% from the previous month/Dec’s 1,740.
  • At 1,847, Jan 2021’s Closed Sales are up 11.1% from Jan 2020’s 1,663, and down 33.8% from the previous month/Dec 2020’s total of 2,789
  • At 2,496, Jan 2021’s Pending Sales are up 9.9% from Jan 2020’s 2,271, and also up 24.6% from the previous month/Dec 2020’s total of 2,003.
  • The Average Sale Price in Jan 2021 of $514,700 is up $51,700 from last year/Jan 2020’s $463,000, and up $700. from the previous month/Dec 2020’s $514,000.   
  • The “Median” Sale Price  (the price smack dab in the middle of all sales) in Jan 2021 of $460,000 rose from last year/Jan 2020’s $406,000 by $54,000, and decreased 5,000 from the previous month/Dec 2020’s $455,000

LAKE OSWEGO

The combined areas of Lake Oswego and West Linn  for  the month of January 2021 reported:

  • 84 Active Listings (Dec 114)
  • 112 New Listings    (Dec 73)
  •  121 Pending Sales (Dec 110)
  •   92 Closed Sales    (Dec 137)
  • Average Sale Price for Jan: $812,700  (Dec $845,700)
    • 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.
  •  46 Average Days on the Market   (Dec 60)