Affordable homes Archives - Page 7 of 130

August 11, 2021August 11, 2021

Market Activity Aug 2-8, 2021

The market in LO is still red hot. A few weeks ago, right around July 4th, it felt like it may have slowed down a tad. Last weeks rush of new listings (20), pending sales (36!), and sold/closed properties (29) has proved that tad of a slow down was just July 4th distractions.

See below for RMLS data.

New Listings Aug 2-8, 2021

Address	Type	Price	BR	Baths	Sq Ft
4 Touchstone #74	Condo	$235,000	3	2.5	1351
3433 McNary Pkwy #302	Condo	$285,000	2	2.5	1208
239 Cervantes	Condo	$399,000	2	2	1208
12848 Boones Ferry Rd	Condo	$425,000	2	2.5	1182
12826 Boones Ferry Rd	Condo	$445,000	2	2.5	1182
1700 Bonniebrae Dr	Attached	$469,698	3	3	1739
41 Oriole Ln	Detached	$500,000	2	2	1564
17830 Tualata Ave	Detached	$595,000	3	2	1373
17 Aquinas St	Detached	$599,900	3	2	2139
19 Da Vinci St	Detached	$650,000	3	2	1874
13366 Auburn Ct	Attached	$750,000	3	2.5	2492
16904 Cherry Crest Ave	Detached	$759,000	3	2	2167
1405 Greentree Circle	Detached	$775,000	4	2.5	2146
48 Spinosa	Detached	$799,900	4	3.5	2848
16750 Phantom Bluff Ct	Detached	$899,000	3	3	2267
5590 Luce Ln	Detached	$995,000	5	4	3530
3001 Southshore Blvd	Detached	$1,298,000	3	2.5	3201
2950 Greentree Rd	Detached	$1,495,000	4	3.5	3691
1051 Forest Meadows Way	Detached	$4,149,000	4	3.5	3691
12790 S Fielding Rd	Detached	$5,600,000	6	7.5	9124

Pending sales Aug 2-8, 2021

Address	Type	Price	BR	Baths	Sq Ft	CDOM
4 Touchstone #62	Condo	$204,950	3	2.5	1351	46
4 Cervantes Circle	Condo	$240,000	2	1.5	912	47
12 Cervantes Circle	Condo	$250,000	2	1.5	912	3
3886 Botticelli St	Condo	$315,000	2	1.5	1132	4
482 S State St 3B	Condo	$374,000	2	1	1659	65
1 Peacock Pl	Detached	$509,000	3	2.5	1336	30
4980 Galen St	Attached	$589,000	2	2.5	1552	28
4241 Cobb Way	Detached	$599,950	3	2	1484	8
1672 Highland Dr	Detached	$699,900	4	2	1867	4
1620 Ash St	Detached	$720,000	3	2	2225	4
12 Morningview Ln	Attached	$730,000	3	2.5	2718	4
49 Da Vinci St	Detached	$739,000	3	2	2351	26
5466 Bay Creek Dr	Detached	$789,000	3	3	2535	4
4 Sherwood Ct	Detached	$795,000	4	2.5	2870	16
1580 Woodland Ter	Detached	$835,000	3	2.5	2430	4
18360 Tualata Ave	Detached	$845,000	5	2.5	2703	2
491 Country Club Rd	Detached	$865,000	4	2	2486	83
14121 Redwood Ter	Detached	$885,000	4	3.5	2827	24
19531 River Run Dr	Detached	$899,900	4	2.5	2440	5
15 El Greco St	Detached	$949,000	4	3	3328	4
1739 Palisades Terrace Dr	Detached	$995,000	4	2.5	3654	11
14071 Sundeleaf Dr	Detached	$999,000	5	3	2624	3
14002 Chelsea Dr	Detached	$1,195,000	4	2.5	3547	32
127230 Adrian Ct	Detached	$1,195,000	4	2.5	3014	24
5428 Royal Oaks Dr	Detached	$1,200,000	6	3.5	4994	7
14360 Uplands Dr	Detached	$1,230,000	4	3.5+.5	2577	5
17467 Westview Dr	Detached	$1,275,000	4	3.5	4119	4
2442 Palisades Crest Dr	Detached	$1,598,000	4	2.5	3071	4
3155 Upper Dr	Detached	$1,599,000	4	3	3297	1
2165 Ridge Pointe Dr	Detached	$1,995,000	5	4	4749	29
4480 Upper Dr	Detached	$2,000,000	4	3.5	3497	0
855 G Ave	Detached	$2,000,000	3	2.5	3710	17
14500 Uplands Dr	Detached	$2,495,000	5	4.5+.5	5544	74
1745 Southshore Blvd	Detached	$3,099,000	4	4.5	5545	128
1889 Highlands Loop	Detached	$5,499,000	5	6.5	6832	20
3328 Lakeview Blvd	Detached	$6,398,000	4	5.5	6675	18

Sold/Closed Aug 2-8, 2021

Address	Type	List Price	Sold Price	Sq Ft	CDOM
44 Eagle Crest Dr #1	Condo	$230,000	$247,000	908	2
45 Eagle Crest Dr #409	Condo	$249,900	$249,900	1,214	5
3882 Botticelli St	Condo	$289,000	$287,000	1224	20
5061 Foothills Dr C	Condo	$335,000	$335,000	991	8
1509 Bonniebrae Dr	Attached	$482,900	$507,000	1739	6
4222 Woodside Circle	Attached	$450,000	$550,000	1578	5
17850 Pilkington Rd	Detached	$750,000	$625,000	3222	79
5051 Tualata Ln	Detached	$714,900	$640,000	1581	37
6545 Childs Rd	Detached	$600,000	$650,000	3134	1
186 D Ave	Attached	$650,000	$675,000	1637	7
6227 Wayzata Ct	Detached	$699,999	$675,000	1,232	7
18426 Sandpiper Way	Detached	$688,000	$705,000	1884	5
3 Spinosa	Detached	$755,000	$750,000	2615	23
16921 Kara Ln	Detached	$750,000	$758,000	2382	5
17802 Hillside Way	Detached	$838,000	$790,000	3026	23
2440 Overlook Dr	Detached	$879,900	$825,000	3850	15
4099 Coltsfoot Ln	Detached	$840,000	$827,000	3169	15
5675 Victoria Ct	Detached	$825,000	$885,000	2563	4
2895 Suncreek Dr	Detached	$749,000	$910,000	2379	5
17 Westridge Dr	Detached	$875,000	$935,000	3533	11
19310 Riverwood Ln	Detached	$999,000	$1,092,000	3192	1
17649 Woodhurst Pl	Detached	$1,198,000	$1,120,000	3192	103
2929 Glen Eagles Rd	Detached	$1,100,000	$1,300,000	2527	4
13700 Knaus Rd	Detached	$1,245,000	$1,310,000	2654	7
915 Cedar St	Detached	$1,550,000	$1,520,000	3219	3
4440 Upper Dr	Detached	$1,899,000	$1,850,000	3583	42
18783 Stafford Rd	Detached	$2,295,000	$1,875,000	147
197 Egan Way	Detached	$2,198,000	$2,095,150	6761	64
3183 Douglas Circle	Detached	$3,450,000	$3,450,000	5595	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

August 9, 2021August 10, 2021

Someone’s Got to Do It!

Monday, August 9th is Realtor Day at the Street of Dreams. Dianne and I decided to get a jump on everything and visited a day early. I know she wants to do a post on trends, so I won’t share the most fun pictures with you, but here we are as real human Realtors doing the hard investigative work for YOU!

Here is Dianne in very good hands (sorry…couldn’t resist : )

Again… we work hard for you.

Dianne hated this bathroom ; )

AND we’re learning that (as we wipe our brows) we really need to avail ourselves of the help that has become so common in all of our lives. (So bougie…)

Lastly, with all that energy we save by not having to mow our lawns, we can now relax with a few of our best moves on the court.

Seriously, it was a lovely day. Dianne and I get to see a lot of homes obviously, but its always a treat to see the latest trends in layout, materials, fixtures & colors. As I mentioned, Dianne will be covering these trends, so I’ll let her share the meaty stuff, but I will say that it is very worth your while this year. Here is a link to get your ticket! You may visit 10AM-9PM through August 22nd. They’re closed Mondays & Tuesdays. CLICK HERE

August 6, 2021September 11, 2022

Market Activity ~ July 26-Aug 1, 2021

There were 11 homes entering the market last week, 19 that moved to Pending status (accepted offers) and 30 that Closed/Sold. Right now there are 109 lovely properties available in Lake Oswego!

Here is the breakdown using RMLS data:

NEW July 26-Aug 1, 2021

	List Price	Beds	Baths	SF	Type
47 EAGLE CREST DR #41	$230,000	2	1	932	CONDO
4 TOUCHSTONE #143	$239,000	3	2.1	1351	CONDO
1589 BOCA RATAN DR	$470,000	3	2	1611	ATTACHD
457 LAUREL ST	$650,000	3	3	2264	DETACHD
18431 INDIAN CREEK DR	$660,000	4	2	1736	DETACHD
15964 WHITE OAKS DR	$949,900	4	2.1	3015	DETACHD
13060 SW ELK ROCK RD	$1,178,000	4	3	3681	DETACHD
7 GARIBALDI ST	$1,450,000	4	3.1	6303	DETACHD
14050 GOODALL RD	$2,350,000	5	4.2	6943	DETACHD
2643 SOUTHSHORE BLVD	$3,300,000	3	3.2	4543	DETACHD
1199 FAIRWAY RD	$3,498,000	4	4.2	5527	DETACHD

PENDING July 26-Aug 1, 2021

Address	List Price	Beds	Baths	SF	Type	Days
4 TOUCHSTONE #66	$205,000	3	2.1	1351	CONDO	6
16250 PACIFIC HWY #78	$343,500	2	2	1305	CONDO	35
5058 FOOTHILLS DR, A	$420,000	3	2	1252	CONDO	8
17500 PILKINGTON RD	$460,000	2	1	1050	DETACHD	8
15115 QUARRY RD	$650,000	4	3	2865	DETACHD	19
5101 ROSEWOOD ST	$665,000	3	2.1	1736	DETACHD	4
13198 PETERS RD	$695,000	3	2.1	2630	DETACHD	29
17 MORNINGVIEW CIR	$785,000	3	2.1	2532	DETACHD	6
4987 BILFORD LN	$799,900	3	2.1	2302	DETACHD	5
1520 EASTVIEW CT	$963,000	4	4	3789	DETACHD	4
4750 UPPER DR	$1,100,000	5	3.1	3091	DETACHD	125
17543 LAKE HAVEN DR	$1,185,000	4	2.1	2333	DETACHD	9
427 9TH ST	$1,199,000	5	3.1	3250	DETACHD	12
17190 WALL ST	$1,395,000	5	4.2	6702	DETACHD	131
151 3RD ST #1	$1,499,000	3	2.1	3278	CONDO	37
2167 WEMBLEY PARK RD	$1,750,000	4	3.1	4015	DETACHD	9
2572 GLEN EAGLES PL	$2,195,000	5	4.2	6532	DETACHD	107
1677 LESLIE LN	$2,390,000	4	6.1	7534	DETACHD	147
2945 UPPER DR	$2,500,000	4	4.1	4227	DETACHD	0

SOLD July 26-Aug 1, 2021

Address	Open	Closed	Beds	Baths	SF	Type
42 CERVANTES CIR #4B	$250,000	$261,000	2	1.1	912	CONDO
153 OSWEGO SMT, Lower	$279,990	$269,000	2	2	1677	CONDO
163 OSWEGO SMT, Upper	$285,000	$310,000	2	2	1506	CONDO
16250 PACIFIC HWY #41	$360,000	$350,000	2	2	1380	CONDO
#10	$515,000	$500,000	2	2.1	1743	CONDO
5616 CHILDS RD	$495,000	$536,000	3	1	1232	DETACHD
53 ORIOLE LN	$549,000	$545,000	3	2.1	2072	DETACHD
38 NORTHVIEW CT	$638,900	$618,000	4	4	3125	ATTACHD
1701 ASPEN CT	$663,800	$663,800	3	2	1956	DETACHD
5 BECKET ST	$685,000	$685,000	4	2.1	3654	DETACHD
17 CHURCHILL DOWNS	$649,900	$712,000	4	3	1966	DETACHD
217 HIDALGO ST	$769,900	$737,450	3	2.1	4312	DETACHD
5440 BAY CREEK DR	$775,000	$840,000	3	2.1	2442	DETACHD
9 PREAKNESS CT	$849,900	$875,000	4	3	3750	DETACHD
1692 HIGHLAND DR	$795,000	$905,000	4	3	2162	DETACHD
1874 GLENMORRIE TER	$950,000	$952,000	3	3	3508	DETACHD
1503 PINE ST	$875,000	$959,000	4	3	2842	DETACHD
5681 YORKSHIRE CT	$894,900	$962,500	4	2.1	2985	DETACHD
1704 GLENMORRIE TER	$950,000	$965,000	5	2.1	4292	DETACHD
663 CARRERA LN	$899,000	$1,000,000	3	2	2356	DETACHD
125 FURNACE ST, Upper	$995,000	$1,075,000	2	2.1	1927	CONDO
12723 ADRIAN CT	$1,098,000	$1,098,000	4	3	3190	DETACHD
5933 SUNCREEK DR	$1,250,000	$1,200,000	4	3.2	4027	DETACHD
18635 WESTVIEW DR	$1,150,000	$1,275,000	4	5	5102	DETACHD
19305 HILL TOP RD	$1,375,000	$1,405,000	4	3.1	5116	DETACHD
569 7TH ST	$1,450,000	$1,450,000	4	4	3135	DETACHD
4502 LAMONT WAY	$1,795,000	$1,675,000	4	4	3880	DETACHD
301 IRON MOUNTAIN BLVD	$1,649,000	$1,752,000	4	3.2	3036	DETACHD
2254 KNAUS RD	$4,125,000	$3,900,000	4	5.1	7436	DETACHD
1617 LAKE FRONT RD	$4,500,000	$4,500,000	4	4.1	4610	DETACHD

Criteria: (RMLS DATA) 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.

August 1, 2021August 1, 2021

What’s a condo? What’s a townhouse?

I think that when people think of condos and townhouses they are usually thinking of a style of construction. Townhouses are usually side-by-side without a neighbor above or below. Yes, that is common with townhouses, but there is more to it than that.

With a townhouse, you own the land below. Different home owner’s associations have different binding terms, but as a generalization, the HOA will take care of exterior mainenance and maintence of the common areas. But you usually have a small yard that you get to landscape and maintain. This also means that if something goes wrong in the crawlspace below , the homeowner is responsible. It also means that the home owner takes care of the plumbing even after it leaves the house.

With condominiums you don’t personally own the land beneath your home. Instead your home owner’s association owns it. You own the interior walls, and your HOA owns the exterior walls. It also owns and is responsible for plumbing once it leaves your unit. So with a condo, the HOA takes on more responsibilites.

How do you know the difference? It should be properly represented in the marketing, but if it’s a condo, it’s also in the legal description.

Both types of real estate have home owner’s associaitons. When you buy either a condo or a townhouse you need to thoroughly inspect the home owner’s association. You want to get copies of their rules and regulations, conditions covenants and restrictions, the reserve study (to show that they are properly saving for big ticket repair items likes roofs and windows) and get the last 12 months of the HOA meeting notes. If something is up, they should be talking about it.

So that’s a little real estate 101. As always, thanks for reading the blotter!

Dianne

July 26, 2021September 11, 2022

News & Notes ~ June Numbers 2021

Here is your look at the latest numbers as released by RMLS for the overall Portland area and how Lake Oswego fits in just below.

Overview/Fluctuations ~ Market Data June 2021:

New Listings and Closings increased in June, and/but Accepted Offers (Pendings) decreased from last year’s June figures as well as last month /May.

Inventory rose a whopping .1% in June (ha ha). We’re still at record (record) lows. While we’re talking records, check out those neighborhood appreciation levels below. Just wow.

My trusted mortgage advisor says rates are down a bit to 3.0%! Fed is indicating that they’ll continue to support the markets as the job picture improves.

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

There were 4,298 New Listings in June 2021 increased 17.5% over April 2020’s 3,658 and increased 8.2% from the previous month/May’s 3,971.
At 3,477, June 2021’s Closed Sales are up 28.3% from June 2020’s 2,709, and also up 9.2% from the previous month/May’s total of 3,183
At 3,534, June 2021’s Pending Sales decreased 3.3% from June 2020’s 3,654, and also dropped 4.9% from the previous month/May’s total of 3,717.
The Average Sale Price in June 2021 of $597,100 is up $117,400 from last year/June2020’s $479,700, and up $14,900. from the previous month/May’s $582,200.
The “Median” Sale Price (the price smack dab in the middle of all sales) in June 2021 of $521,000 rose $86,000 from last year/June 2020’s $435,000, and also increased $6,000 from the previous month/May’s $515,000.

LAKE OSWEGO

146 Active Listings (May 129)
262 New Listings (May 222)
202 Pending Sales (May223)
229 Closed Sales (May 199)
Average Sale Price for June: $1,018,100 (May $928,300)
- 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.
21 Average Days on the Market (May 28)

July 24, 2021September 11, 2022

Market Activity ~ July 12-18, 2021

This last week there were 14 properties entering the market, 25 moving to Pending/accepted contract, and 20 that Sold/Closed. here is the latest according to RMLS:

NEW July 12-18, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
29 CRESTFIELD CT / Grnd	$249,900	2	2	989	CONDO
36 CRESTFIELD CT / Upper	$295,000	2	1	921	CONDO
18281 WOOD THRUSH CIR	$715,000	4	2.1	2240	DETACHD
2697 LOOKOUT CT	$720,000	3	2	2219	DETACHD
1430 LARCH ST	$815,000	3	3	2312	DETACHD
4 SHERWOOD CT	$825,000	4	2.1	2870	DETACHD
3065 ROYCE WAY	$835,000	4	2.1	2726	DETACHD
14121 REDWOOD CT	$969,900	4	3.1	2827	DETACHD
1535 PINE ST	$1,100,000	3	2.1	2390	DETACHD
427 9TH ST	$1,199,000	5	3.1	3250	DETACHD
45 NANSEN SMT	$1,250,000	4	4.1	5874	DETACHD
12730 ADRIAN CT	$1,295,000	4	2.1	3014	DETACHD
732 ELLIS AVE	$2,350,000	4	2.1	3482	DETACHD
17475 BLUE HERON RD	$3,995,000	5	5.1	5787	DETACHD

PENDING July 12-18, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type	CDOM
45 EAGLE CREST DR #49	$249,900	2	2	1214	CONDO	5
163 OSWEGO SMT / Upper	$285,000	2	2	1506	CONDO	2
4041 JEFFERSON PKWY	$289,000	1	1.1	1060	CONDO	4
16250 PACIFIC HWY #41	$360,000	2	2	1380	CONDO	20
6135 SHAKESPEARE ST	$549,900	4	2	1656	DETACHD	21
16501 LAKE FOREST BLVD	$550,000	3	1	1429	DETACHD	28
31 ORIOLE LN	$569,000	3	3	1968	DETACHD	4
17902 TAMARA AVE	$569,900	4	2	2082	DETACHD	4
6545 SW Childs RD	$600,000	6	4	3134	DETACHD	1
23 FALSTAFF ST	$629,000	3	2	1435	DETACHD	38
18811 REAO CT	$639,900	3	2.1	1916	DETACHD	7
6227 WAYZATA CT	$649,999	3	1.1	1232	DETACHD	7
5880 ROCKWOOD CT	$656,500	3	2	1772	DETACHD	2
4 PIMLICO TER	$690,000	3	2	2100	DETACHD	3
9 SPINOSA	$749,000	2	2.1	2250	DETACHD	5
1811 KILKENNY DR	$758,000	4	3	3794	DETACHD	0
17802 HILLSIDE WAY	$779,800	4	2.1	3026	DETACHD	23
759 TIMBERLINE DR	$825,000	4	3	2928	DETACHD	21
16933 GREENTREE AVE	$874,900	4	2.1	2276	DETACHD	28
3333 ROYCE WAY	$949,900	3	2.1	2896	DETACHD	7
18320 DELENKA LN	$995,000	4	2.1	4519	DETACHD	67
17649 WOODHURST PL	$1,198,000	5	4.1	5669	DETACHD	103
4210 VIRGINIA WAY	$1,489,000	4	4.1	3508	DETACHD	58
19395 HILL TOP RD	$1,575,000	5	3.2	4788	DETACHD	4
13700 FIELDING RD	$4,998,000	5	4.2	5802	DETACHD	3

SOLD July 12-18, 2021

Address	Opening	Closed	Beds	Baths	SF	Prop Type	Days
23 CRESTFIELD CT / Grnd	$199,000	$220,000	1	1	689	CONDO	2
4 TOUCHSTONE #123	$215,000	$225,000	3	2.1	1351	CONDO	26
45 EAGLE CREST DR #311	$245,000	$260,000	2	2	1046	CONDO	2
4000 CARMAN DR, E80	$289,000	$289,000	2	2	993	CONDO	28
3892 BOTTICELLI ST / Main	$303,500	$305,000	3	2	1288	CONDO	4
5691 WINDFIELD LOOP	$599,000	$594,000	3	2	1588	DETACHD	6
16775 WESTVIEW DR	$629,000	$693,000	3	2	1806	DETACHD	4
13019 SIERRA CT	$819,000	$805,000	4	2.1	2522	DETACHD	8
19001 BARTON RD	$899,000	$830,000	4	2.1	2194	DETACHD	13
18343 ANDUIN TER	$995,000	$970,000	4	2.1	3000	DETACHD	19
5774 BAY POINT DR	$1,195,000	$1,119,000	5	2.1	3674	DETACHD	25
18711 WESTVIEW DR	$1,195,000	$1,200,000	4	3.1	3592	DETACHD	6
5024 DOGWOOD DR	$1,195,000	$1,358,000	4	3.1	3267	DETACHD	2
4640 DOGWOOD DR	$1,550,000	$1,400,000	4	4	4142	DETACHD	9
560 4TH ST	$1,449,000	$1,450,000	3	4.1	3186	ATTACHD	23
3729 ELEANOR CT	$1,598,000	$1,500,000	4	4.1	4061	DETACHD	9
18031 MEADOWLARK LN	$1,585,000	$1,525,000	4	3.1	3798	DETACHD	5
853 D AVE	$1,950,000	$1,812,500	4	3.1	5137	DETACHD	56
1845 PALISADES TERRACE DR	$3,650,000	$2,990,000	3	2.1	2674	DETACHD	17
1125 MAPLE ST	$3,900,000	$3,650,000	4	3.1	6254	DETACHD	82

July 18, 2021July 18, 2021

Middle Housing

A law was passed by the State of Oregon in 2019 that is going to have a huge impact on neighborhoods throughout the state. House Bill 2001 pretty much out lawed single-family-residential housing. The law applies to any town with a population of more than 10,000 people, thus, it very much affects Lake Oswego.

What this law does is mandate that neighborhoods that currently have single family housing must allow the construction of duplexes, triplexes, quadplexes, townhouses, cottage clusters and accessory dwelling units.

There is an affordable housing crisis in our state and I completely understand the logic behind this law. When I look for the positive outcomes it will create, I think about people who want to build a dwelling for aging parents. I think of people who would benefit from some rental income. I think of people who need a place to live and simply can not afford the current rents or are not in a poslition to buy. This law will have quite a few positive benefits.

But I also think about what our neighborhoods currentlly look like. How will I feel if a duplex gets built next door? I hope I’ll feel ok, but, being honest, I’m just not sure. This law will have to come into affect and play out before I’ll know how I truly feel.

The City of Lake Oswego is approaching this change in a two phase process. The first phase has been completed. The city reveiwed current neighborhood plans and development codes, created and received results of a community-wide survey, and met with neighborhood association chairs to understand neighborhood characteristics and what communities value most.

The second phase is happening now. The city is exploring options for potential code changes and getting advice from a committee that has been formed. This committee was appointed by the city council and is called the Middle Housing Code Advisory Committee. They are meeting between now and the end of September. After they provide advice to the city council, the city will seek further feedback from neighborhood associaitons and the broader community.

For more information visit www.lakeoswego.city/planning or contact Eric Olson, Senior Planner, at eolson@lakeoswego.city or 503-697-6524.

There’s nothing so certain as change, that’s for sure.

Dianne

July 16, 2021July 16, 2021

Market Activity July 5-11, 2021

Last weeks market activity appears to have been more balanced with 19 new listings, 18 pending sales, and 23 closed/sold properties. The fact that the pending numbers were fewer than the new listings my have been a result of the July 4th holiday. It’s too soon to know if this is some sort of trend.

See below for RMLS data.

New on the market July 5-11, 2021

Address	Type	Price	BR	Baths	Sq Ft
200 Cervantes	Condo	$289,000	3	1.5	1138
12 Oswego Summit	Condo	$300,000	2	2	1140
1 Peacock Pl	Detached	$529,000	3	2.5	1336
4980 Galen St	Attached	$589,000	2	2.5	1552
18811 Reao Ct	Detached	$639,900	3	2.5	1916
6227 Wayzata Ct	Detached	$649,999	3	1.5	1232
15115 Quarry Rd	Detached	$650,000	4	3	2865
49 Da Vinci St	Detached	$739,000	3	2	2351
18260 Indian Creek Dr	Detached	$759,000	3	2	2082
17730 Marylbrook Dr	Detached	$850,000	3	2.5	2951
4222 Cobb Way	Detached	$1,089,000	4	3	2243
1739 Palisades Terrace Dr	Detached	$1,095,000	4	2.5	3654
1776 Oak St	Detached	$1,550,000	4	3.5	4012
4531 West Rd	Detached	$1,595,000	3	3.5	3926
2165 Rodge Pointe Dr	Detached	$2,100,000	5	4	4749
1626 Englewood Dr	Detached	$2,495,000	4	2.5+.5	5581
13700 Fielding Rd	Detached	$4,998,000	5	4.5+.5	5802
14390 Uplands Dr	Detached	$5,399,000	4	4.5	7839
2470 Summit Ct	Detached	$5,498,000	4	3.5+.5	7180

Pending sales July 5-11, 2021

Address	Type	Price	BR	Baths	Sq Ft	CDOM
47 Eagle Crest Dr #54	Condo	$180,000	1	1	672	37
42 Cervantes Circle 4B	Condo	$250,000	2	1.5	912	8
86 Kingsgate Rd G101	Condo	$265,000	2	2	840	2
1367 Bonniebrae Dr	Attached	$399,000	2	1.5	1008	2
186 D Ave	Attached	$650,000	3	2.5	1637	7
5071 Tualata Ln	Detached	$675,000	3	3	1540	51
18426 Sandpiper Way	Detached	$688,000	4	3	1884	5
5051 Tualata Ln	Detached	$695,000	4	2	1581	37
217 Hidalgo St	Detached	$749,900	3	2.5	4312	37
32 Morningview Circle	Detached	$750,000	3	2.5	2718	7
537 Country Club Rd	Detached	$775,000	3	2	1901	93
4099 Coltsfoot Ln	Detached	$830,000	5	2.5	3149	15
2440 Overlook Dr	Detached	$839,900	4	3	3850	15
1503 Pine St	Detached	$875,000	4	3	2842	4
1724 Fern Pl	Detached	$950,000	3	3	2160	21
12723 Adrian Ct	Detached	$1,098,000	4	3	3190	4
915 Cedar St	Detached	$1,550,000	4	3.5	3219	3
2254 Knaus Rd	Detached	$3,950,000	4	5.5	7436	11

Closed/sold properties July 5-11, 2021

Address	Type	List Price	Sold Price	Sq Ft	CDOM
4619 Lakeview Blvd	Condo	$200,000	$205,000	753	8
4 Touchstone #68	Condo	$219,000	$245,000	984	58
4 Touchstone #124	Condo	$239,000	$245,500	1351	22
4000 Carman Dr B27	Condo	$269,000	$300,000	869	2
103 Kingsgate Rd	Detached	$525,000	$525,000	1352	5
1 Eagle Crest Dr	Detached	$549,000	$610,000	1290	4
2710 SW Orchard Hill Ln	Detached	$611,900	$656,000	2087	4
830 Laurel St	Detached	$645,000	$685,000	1400	3
20 Preakness Ct	Attached	$625,000	$700,000	1790	5
14307 Camden Ln	Detached	$719,000	$740,000	1932	0
2604 Glen Haven Rd	Detached	$729,900	$799,000	2,104	3
17310 Canyon Dr	Detached	$750,000	$805,000	2716	$3
18768 Wood Duck St	Detached	$925,000	$965,000	3016	4
1455 Nelson Ct	Detached	$835,000	$975,000	2210	2
1585 Patton Rd	Detached	$915,000	$1,025,000	3331	3
4137 Orchard Way	Detached	$975,000	$1,052,000	3680	2
3250 Westview Ct	Detached	$1,200,000	$1,161,000	3928	235
4379 Snowbrush Ct	Detached	$1,050,000	$1,161,000	3596	2
640 9th St	Detached	$1,450,000	$1,450,000	3321	5
858 10th St	Detached	$1,650,000	$1,650,000	2410	6
1475 Chandler Rd	Detached	$3,200,000	$3,150,000	4515	0
3230 Upper Dr	Detached	$3,300,000	$3,300,000	5338	0
1190 Fairway Rd	Detached	$5,495,000	$5,200,000	5855	9

July 11, 2021July 11, 2021

When Looking At Houses~

Notice the light and assess the windows– Have they been updated? If not, that’s an investment ahead.
Try to ignore the staging and/or personal belongings– You’re potentially buying the house, and not these distracting things. They can, and in the case of staging, are meant to elicit emotional reactions in you. Stay focused on the house.
Ask about the heat source– Different heating/cooling methods can drastically change your experience of the home in both functionality and in cost to you. For instance, if the source is “Electric”, that can be more expensive if it refers to baseboard, and much less expensive if it is a mini-split system. Oil heat has its own challenges, and gas furnaces may or may not be up to the task of heating a home today, especially if its been remodeled and additional SF has been added.
Pay attention to how SF is presented– If a home is 2000SF, and 1000 of that is unfinished basement space, you may want to assess ahead of time if that is a home you want to view.
Lot size & amenitites– You have general ideas of either wanting lots of space and/or privacy, or wanting to be in a friendly “neighborhood” environment with smaller lots closer together. Each home will be different.
- Do you have pets? If so, check out fencing and whether it’s adequate. If not, that can be fixed, but its an investment.
- Some large lots will be set back and have minimal yard space to enjoy with most of the area in the entrance, say, or perhaps a good percentage of the lot’s SF is on a hill.
- Some homes will be high maintenance, ie, if a home has that “falling in love” factor, and it is because of the beautiful gardens surrounding it on all sides….remember that those gardens need care- Are you a gardener? Are you OK with paying someone to maintain those grounds? Just good questions to ask yourself.
- Some smaller lots may be set closer to the street with ample backyard space.
- You’ll want to note whether the home has covered areas outside which can add more living space for you in the rainy months.
Is the flooring to your liking? – If not that can be fixed, but its an investment. On the other hand, if a home has everything you want, the price is right, and you hate carpet, flooring can likely be changed for much less than you imagine, and often for much less than it will cost you to keep looking and pay for a different home that is priced higher than the actual cost of flooring because it is called “updated” or “remodeled” in the Listing. It’s fairly common to have a flooring contractor lined up to do the flooring work the day after Closing so that your move-in timeline is only slightly affected.
Hate the kitchen counters? See my advice on flooring above.
Keep things in perspective- While many homes will just not fit the bill, in this market, it pays to really assess what is important and what can be changed to your liking with a little investment on your part after Closing. For years now Buyers have not been in the mood to make any changes and have generally been looking for “move-in-ready”. Right now, we are at historic lows in inventory and have been for many months. If you find a home that meets most of your needs and/but could use a tweak here & there, my advice is: Go for it! Consider it an opportunity to make it your own.

July 10, 2021September 11, 2022

Market Activity ~ June 28-July 4, 2021

Even in the buildup to the Fourth of July we have strong activity. People are often holding off a bit when it comes to Listing during this week in anticipation of people being distracted over the holiday weekend, but we still had 7 Properties enter the market, with 27 Pending/Accepted Offers and 29 Sold/Closed. Right now there are 117 lovely homes available in Lake Oswego.

NEW June 28-July4, 2021

Address	List Price	# Beds	# Baths	Total SF	Prop Type
422 S STATE ST	$324,997	2	1	1659	CONDO
162 OSWEGO SMT #162	$419,950	2	2	1506	CONDO
13198 PETERS RD	$695,000	3	2.1	2630	DETACHD
18571 WAXWING WAY	$810,000	4	2.1	2151	DETACHD
2936 SW ORCHARD HILL PL	$998,000	4	2.1	3419	DETACHD
14002 CHELSEA DR	$1,195,000	4	2.1	3457	DETACHD
2420 PRESTWICK RD	$2,500,000	6	3.1	3723	DETACHD

PENDING June 28 – July 4, 2021

Address	List Price	# Beds	# Baths	SF	Prop Type	DOM
153 OSWEGO SMT / Lower	$269,000	2	2	1677	CONDO	27
39 OSWEGO SMT / Grnd	$269,000	2	2	1212	CONDO	3
4000 CARMAN DR #E80	$289,000	2	2	993	CONDO	28
5061 FOOTHILLS DR, C	$335,000	2	2	991	CONDO	8
210 S STATE ST #10	$515,000	2	2.1	1743	CONDO	7
53 ORIOLE LN	$549,000	3	2.1	2072	DETACHD	17
6135 SHAKESPEARE ST	$549,900	4	2	1656	DETACHD	9
16885 FERNWOOD DR	$639,500	3	2	1624	DETACHD	4
17 CHURCHILL DOWNS	$649,900	4	3	1966	DETACHD	4
4932 MULHOLLAND DR	$698,000	3	2.1	2498	ATTACHD	54
1588 CHERRY LN	$749,900	3	2	2001	DETACHD	3
17071 REBECCA LN	$775,000	3	3	2288	DETACHD	10
605 7TH ST	$775,000	2	1	2035	DETACHD	3
1692 HIGHLAND DR	$795,000	4	3	2162	DETACHD	4
5675 VICTORIA CT	$825,000	3	2.1	2563	DETACHD	4
1874 GLENMORRIE TER	$920,000	3	3	3508	DETACHD	66
17904 CARDINAL PL	$949,000	3	2.1	1840	DETACHD	5
5697 CHARLES CIR	$950,000	4	2.1	3268	DETACHD	4
1704 GLENMORRIE TER	$975,000	5	2.1	4292	DETACHD	4
15136 GLEN EAGLES CT	$1,200,000	4	2.1	2607	DETACHD	4
13700 KNAUS RD	$1,245,000	3	2.1	2654	DETACHD	7
569 7TH ST	$1,450,000	4	4	3135	DETACHD	4
14088 GOODALL RD	$1,625,000	5	3.2	4441	DETACHD	25
301 IRON MOUNTAIN BLVD	$1,649,000	4	3.2	3036	DETACHD	2
4440 UPPER DR	$1,899,000	4	3.1	3583	DETACHD	42
17301 BERGIS FARM DR	$2,199,000	4	3.1	4737	DETACHD	69
1075 CHANDLER RD	$2,699,000	5	4.1	5710	DETACHD	40

SOLD June 28-July 4, 2021

Address	Opening	Closed	# Beds	# Baths	SF	Prop Type	DOM
4 TOUCHSTONE #118	$219,900	$220,000	2	2	984	CONDO	3
4000 CARMAN DR #E68	$255,000	$262,000	1	1	836	CONDO	3
44 EAGLE CREST DR #28	$260,000	$265,000	3	2	1161	CONDO	2
78 GALEN ST / Upper	$299,000	$290,000	2	2	989	CONDO	4
3688 SPRING LN #3D	$350,000	$350,000	2	2	1117	CONDO	3
19 SUMMIT RIDGE CT	$449,000	$449,000	2	2.1	1558	ATTACHD	11
6200 SHAKESPEARE ST	$540,000	$577,000	3	2	1250	DETACHD	2
4771 AUBURN LN	$679,000	$650,000	3	3.1	2183	ATTACHD	32
4396 GALEWOOD ST	$650,000	$680,000	3	2.1	1672	DETACHD	12
1131 OXFORD DR	$675,000	$715,000	4	3	2200	DETACHD	9
16441 BONAIRE AVE	$679,900	$750,000	3	1	1677	DETACHD	5
4097 BUCK BRUSH LN	$749,900	$760,000	3	2.1	2533	DETACHD	5
15481 TANAGER DR	$725,000	$768,175	3	2.1	2153	DETACHD	3
12792 SIERRA VISTA DR	$899,000	$915,000	4	2.1	3343	DETACHD	6
400 LAKE BAY CT	$1,050,000	$1,082,680	3	2.1	1904	DETACHD	3
441 9TH ST	$895,000	$1,100,000	4	2	2408	DETACHD	1
14175 TAYLORS CREST LN	$1,095,000	$1,106,000	4	3	3432	DETACHD	4
1896 PALISADES LAKE CT	$1,199,000	$1,275,000	4	3	3439	DETACHD	4
17436 KELOK RD	$1,595,000	$1,375,000	4	2.1	3054	DETACHD	32
804 2ND ST	$1,550,000	$1,450,000	5	2.1	2945	DETACHD	30
18224 BELLA TERRA DR	$1,575,000	$1,575,000	4	3.1	4050	DETACHD	8
4484 WEST BAY RD	$1,649,000	$1,631,500	5	3.1	4417	DETACHD	6
1175 CHERRY CIR	$1,850,000	$1,850,000	6	5	6300	DETACHD	12
18740 GREEN BLUFF DR	$1,800,000	$1,850,000	4	3	3645	DETACHD	3
7 DOVER WAY	$1,899,999	$1,900,000	5	5.1	7803	DETACHD	3
1099 CHERRY CIR	$1,690,000	$2,110,000	5	3.1	3796	DETACHD	5
13233 AMBER PL	$1,999,000	$2,150,000	4	4	3913	DETACHD	0
2950 WEMBLEY PARK RD	$2,499,000	$2,499,000	5	5.1	6667	DETACHD	3
460 BERGIS RD	$5,495,000	$4,321,455	6	4.1	5114	DETACHD	569