Tag: first time home buyer

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Market Activity ~ Dec 15-21, 2014

Yes, real estate is happening  : )

Here is your Latest Market Data: Last week in Lake Oswego we saw 5 New properties enter the market, 9 move to Pending status, and 13 “Closed”/Sold!

Following is the breakdown for you according to RMLS:

NEW on Mkt (Dec 15-21, 2014)

Address List Price # Beds # Baths Total SF Prop Type
490 BOCA RATAN DR $519,000 3 2 2023 DETACHD
6459 FROST ST $529,000 4 2.1 2627 DETACHD
3433 MCNARY PKWY #203 $150,000 2 1.1 1008 CONDO
3009 WEMBLEY PARK RD $598,500 4 2.1 1704 DETACHD
Highlands LOOP $2,195,000 4 4.1 5579 DETACHD

PENDING SALES (Dec 15-21, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
3986 CARMAN DR $204,900 2 2.1 1107 CONDO 58
3100 WESTVIEW CT $929,000 4 3.1 3750 DETACHD 17
18375 RIVER EDGE LN $897,950 4 2.1 3400 DETACHD 27
17138 CEDAR RD $1,495,000 3 3.1 3017 DETACHD 89
2131 WEMBLEY PARK RD $539,000 4 2.1 3228 DETACHD 188
12810 ALTO PARK RD $964,000 5 3.1 3834 DETACHD 97
820 FAIRWAY RD $1,189,000 4 3.1 3758 DETACHD 331
555 COUNTRY CLUB RD $625,000 3 3 2133 DETACHD 159
169 OSWEGO SMT #169 $100,280 2 2 1330 CONDO 63

SOLD  (Dec 15-21, 2014)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
17547 CHERRY CT $1,225,000 $978,850 4 3.1 3737 DETACHD 337
19354 LORNA LN $950,000 $1,049,888 5 3.1 4169 DETACHD 403
16987 ALDER CIR $395,950 $400,000 3 2 1713 DETACHD 4
16990 LOWER MEADOWS DR $369,900 $374,900 3 2.1 2000 DETACHD 2
37 CHURCHILL DOWNS $470,000 $475,000 3 2.1 2372 DETACHD 4
4724 FIRWOOD RD $329,000 $325,000 3 1.1 1240 DETACHD 5
21 SUMMIT RIDGE CT $339,000 $332,000 2 2.1 1654 ATTACHD 16
200 BURNHAM RD #211 $385,000 $317,000 3 2 1862 CONDO 85
2341 STONEHURST CT $659,000 $659,000 4 2.1 3389 DETACHD 2
1531 BOCA RATAN DR $289,000 $277,000 3 2 1755 ATTACHD 57
804 2ND ST $505,000 $400,000 4 3 2224 ATTACHD 50
17619 Potters RD $575,000 $575,000 4 2.1 2665 DETACHD 9
2612 RIVENDELL RD $799,000 $730,000 4 3 3168 DETACHD 93

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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Giving

DonateWe’re all focusing on the holidays right now and all that goes along with that, so I thought it might be a good idea to take a look at things we might be wanting to include on our to-do lists & consider taking care of before the end of the year. Namely…Giving!  This is the Celebrating & Giving time of year, and, many want to think ahead about tax time as well.  If you’re going to give anyway…. this is definitely the time to do it!

Here are some worthy ideas for your consideration:

  • In the community of Lake Oswego, there are many organizations doing fantastic work. Click Here for information on a variety of Lake Oswego-based non-profits that could use your help.
  • Here’s a great resource  site to help yopu evaluate the most worthy recipients of your donations based on their research:  The Portland “Give Guide”
  • One of the things that sets Lake Oswego apart is its committment to the arts, and the availability and visibility of art all through the year and on its very streets. If art is important to you, consider donating to the Arts Council.
  • Speaking of giving, I know from my days in a Lake Oswego Schools Booster Club, that every community has needy families.  Some of your kids’ friends may very well have parents who’ve lost a job, or are in some sort of upheaval and wondering how they’re going to be able to pay their bills let alone create a semi normal-feeling holiday for their household .  Your favorite local school probably has names of families in need. Give a call to the school of your choice and think about donating a holiday roast or turkey, or just dropping off a few gifts.  The school counselor usually knows just what to do with this kind of generosity, and you’ll know you really made a difference for some needy family in your own neighborhood.
  • If animals are near and dear to your heart, there are lots of options for donating.  The Oregon Humane Society is an obvious choice, and/but some smaller outfits that take up the slack and don’t have quite the visibility of the OHS would be heart-warmed to receive your donation.  One that is recommended to me by someone in the know is the Family Dogs New Life Shelter. It is a no-kill shelter that does excellent work.
  • Lake Oswego’s Tryon Creek is such a treasure to the community. If nature and its continued availability in communities, and specifically Lake Oswego, is important to you, consider donating to Friends of Tryon Creek.

There are so many great choices, I thought I’d highlight just a few and give you some links to resources that offer many options. Enjoy your holidays, and the Joys that come with the season!

 

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Market Activity ~ Nov 24-30, 2014

snowflake_lgGreetings, Property Blotter readers!  OK, I  will go out on a limb and say that things are slowing down a bit.  I call this the Holiday Black Hole : )  I do business this time of year every year because people either Buy or Sell for so many reasons… most not having to do with the weather… and time of year often plays into the desire to accomplish something (by moving) at or around the time of the turn of the year.  Anyway, I decided that for myself a long time ago, and so it is ; ) But most people take their minds off real estate at this time of year and put them on family, friends, and the things that really matter in Life…  some of us just have “dual duty” in helping to make changes that house the family and friends that we Love, while decorating and toasting with Loved ones all at once!  …and that’s plenty of fun too.

Here is your Latest Market Data: Last week in Lake Oswego we saw 9 New properties enter the market, 10 move to Pending status, and 8 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Nov 24-30, 2014)

Address List Price # Beds # Baths Total SF Prop Type
5275 OAKRIDGE RD $349,900 3 1 1267 DETACHD
5590 KILCHURN AVE $624,900 4 2.1 2472 DETACHD
13070 BOONES FERRY RD $549,000 3 1 1864 DETACHD
910 FAIRWAY RD $1,098,000 4 3.1 3384 DETACHD
34 DEL PRADO ST $569,950 4 3 3120 DETACHD
1075 OAK TER $355,000 3 2 1356 DETACHD
66 GALEN ST (Upper) $109,500 1 1 689 CONDO
2234 FERNWOOD CIR $545,000 4 3 2975 DETACHD
2109 WEMBLEY PARK RD $819,000 5 3 3154 DETACHD

PENDING SALES (Nov 24-30, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
18951 INDIAN SPRINGS CIR $449,900 5 3 2865 DETACHD 3
1744 FERN PL $599,000 4 2.1 2110 DETACHD 10
59 GALEN ST (Lower) $94,900 1 1 550 CONDO 22
831 4TH ST $525,000 3 1.1 2240 DETACHD 20
100 KERR PKWY #11 $95,000 1 1 617 CONDO 282
19211 TERRY AVE $370,000 4 2 1872 DETACHD 9
5048 TREE ST $310,000 3 1.1 1232 DETACHD 7
12819 ALTO PARK RD $1,038,500 4 4.1 3944 DETACHD 8
1045 BULLOCK ST $568,000 3 2.1 2105 DETACHD 11
5726 CHARLES CIR $696,500 4 3.1 3173 DETACHD 104

SOLD  (Nov 24-30, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
3061 DORIS CT $449,000.0 $420,000.0 5 2 2684 DETACHD 68
87 OSWEGO SMT (Lower) $119,000.0 $79,000.0 2 1.1 1116 CONDO 125
16342 IVY LN $699,900.0 $645,000.0 5 3.1 4645 DETACHD 57
137 KINGSGATE RD $446,000.0 $449,000.0 3 2.1 2372 DETACHD 2
13327 ATWATER LN $895,000.0 $840,000.0 3 2 3004 DETACHD 220
6243 SW DAWN ST $314,000.0 $302,500.0 3 1.1 1254 DETACHD 89
4 TOUCHSTONE #110 $149,000.0 $145,000.0 2 2 989 CONDO 85
18936 BRYANT RD $749,900.0 $670,000.0 4 4 4100 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.

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News & Notes

Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) numbers:

The latest real estate numbers in Portland and the Lake Oswego/West Linn areas are in. Things have taken an uptick in October for the Portland area. This was the strongest October for Closed Sales since 2006!

According to the RMLS Market Action Report for the Portland Metro Area  October, 2014:

  • At 2,487, October Closed Sales rose 4.6% over the month prior, September, and were up a full 13.6% from October of 2013’s 2,189 .
  • There were 2,881 New Listings in October which was 7.1% down from September, but rose 13.6% from October 2013.
  • The Average Sale Price in October of $335,600 was down $2,500 from the month prior. The first ten months of 2014 are logging an Average Sale Price of $333,200, which is up 7.4% over the same time period in 2013.
  • October Pending Sales (accepted offers), at 2,480, were down 2.8%  from the month prior.  That said, the Pending sales for October are up a full 16.7% over October 2013.

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In Lake Oswego and West Lin steady activity is Good with Closed Sales down by 10 and/but Pending Sales up by 6. Average Sale Price was up $11,200 from September. (There is a very wide range of prices in Lake Oswego among a relatively smaller number of homes for sale as compared to the larger Portland area, so this is not unusual.)

The combined areas of Lake Oswego and West Linn  for October reported:

    • 475 Active Listings  (Sept was 501)
    • 166 New Listings  (Sept was 177)
    • 136 Pending Sales  (Sept was 130)
    • 130 Closed Sales  (Sept was 140)
    • An Average Sale Price of $547,800.  (Sept was $536,600)
    • Average Time on the Market: 81 Days  (Sept was 100)
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Market Activity ~ Nov 3-9, 2014

Greetings, Property Blotter readers!  Well, we’ve definitely got a chill in the air, and leaves are turning & flying away in the breeze. Buyers are out there looking and buying houses as well!

Here is your Latest Market Data: Last week in Lake Oswego we saw 24 New properties enter the market, 26 move to Pending status, and 10 “Closed”/Sold!

Following is the breakdown for you according to RMLS:

NEW on Mkt (Nov 3-9, 2014)

Address List Price # Beds # Baths Total SF Prop Type
59 GALEN ST $94,900 1 1 550 CONDO
4636 LOWER DR #B-1 $128,000 2 1.1 1170 CONDO
86 KINGSGATE RD #C-203 $139,500 2 2 924 CONDO
47 EAGLE CREST DR #59 $140,000 2 2 1024 CONDO
336 CERVANTES CIR $149,900 2 1.1 1112 CONDO
76 GALEN RD #76 $175,000 2 2 989 CONDO
62 GREENRIDGE CT $260,000 3 2 1596 ATTACHD
113 TOUCHSTONE TER $293,000 3 2.1 2104 ATTACHD
3 CONDOLEA DR $325,000 3 3 2198 CONDO
4724 FIRWOOD RD $329,000 3 1.1 1240 DETACHD
1437 OAK ST $349,000 3 1 1070 DETACHD
17520 REDFERN AVE $350,000 3 2 1776 DETACHD
564 2ND ST $399,000 2 2.1 1394 ATTACHD
4146 LAKEVIEW BLVD $400,000 5 1.1 2056 DETACHD
3402 LAKE GROVE AVE $420,000 3 2 1686 DETACHD
5978 FERNBROOK CIR $449,900 4 2.1 1612 DETACHD
533 2ND ST $465,000 2 2 1274 CONDO
37 CHURCHILL DOWNS $470,000 3 2.1 2372 DETACHD
5189 TUALATA LN $475,000 3 2 2422 DETACHD
834 6TH ST $525,000 2 1 1062 DETACHD
18728 BRYANT RD $576,355 3 2.1 2736 DETACHD
4729 FIRWOOD RD $599,900 3 2.1 2594 DETACHD
17680 WOODHURST PL $1,095,000 5 3.1 5478 DETACHD
179 FURNACE ST $1,698,000 3 3.1 4784 CONDO

PENDING SALES (Nov 3-9, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
87 OSWEGO SMT $79,000 2 1.1 1116 CONDO 125
272 CERVANTES $129,900 3 2 1209 CONDO 234
44 EAGLE CREST DR #11 $134,000 3 2 1085 CONDO 23
246 RIDGEWAY RD #17B $160,000 1 1 753 CONDO 16
16250 PACIFIC HWY #76 $200,000 3 2 1801 CONDO 122
200 BURNHAM RD #105 $229,900 1 1 858 CONDO 42
5057 FOOTHILLS DR #H $267,500 2 2 1252 CONDO 4
1531 BOCA RATAN DR $289,000 3 2 1755 ATTACHD 57
468 5TH ST #13 $310,000 2 1.1 1092 CONDO 221
7 PEACOCK PL $329,900 3 2.1 1400 DETACHD 19
1305 CORNELL ST $349,000 3 2 2692 DETACHD 93
1453 GREENTREE CIR $350,000 3 2 1762 DETACHD 3
16990 LOWER MEADOWS DR $369,900 3 2.1 2000 DETACHD 2
528 2ND ST $439,500 2 2.1 1703 ATTACHD 16
5747 VICTORIA CT $549,000 4 2.1 2432 DETACHD 112
17619 Potters RD $575,000 4 2.1 2665 DETACHD 9
5830 SUNBROOK DR $575,000 4 2.1 2810 DETACHD 26
17821 HILLSIDE WAY $589,000 4 3.1 3442 DETACHD 29
5674 CHARLES CIR $639,000 4 2.1 2679 DETACHD 138
13983 WESTCOTT CT $649,900 4 2.1 2792 DETACHD 7
2341 STONEHURST CT $659,000 4 2.1 3389 DETACHD 2
2612 RIVENDELL RD $775,000 4 3 3168 DETACHD 93
13327 ATWATER LN $895,000 3 2 3004 DETACHD 220
17390 GRANDVIEW CT $915,000 4 4.2 4516 DETACHD 506
63 NANSEN SMT $919,900 4 3.1 3202 DETACHD 65
14122 GOODALL RD $969,000 5 4.1 4530 DETACHD 331

SOLD  (Nov 3-9, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
5058 FOOTHILLS DR $239,900 $227,000 2 2 1252 CONDO 6
6262 WAYZATA CT $328,950 $352,000 3 1.1 1276 DETACHD 15
4242 COBB WAY $449,800 $388,000 3 2 1589 DETACHD 38
18840 RIVENDELL CT $499,000 $439,000 4 3 3060 DETACHD 72
3718 LAKE GROVE AVE $489,000 $452,000 4 3 2523 DETACHD 115
5440 BAY CREEK DR $545,000 $520,000 3 2.1 2442 DETACHD 74
24 MORNINGVIEW CIR $535,000 $520,000 4 3.1 2817 DETACHD 13
2584 Park RD $559,000 $525,000 4 2 2302 DETACHD 110
2031 LILLI LN $779,995 $770,000 3 3.1 3418 DETACHD 14
19463 LORNA LN $899,500 $899,500 4 3.1 4055 DETACHD 429

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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News & Notes

Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) numbers:

The latest real estate numbers in Portland and the Lake Oswego/West Linn areas for September are in. Overall numbers are down from August and up from last year

According to the RMLS Market Action Report for the Portland Metro Area  September, 2014:

  • At 2,378, September Closed Sales dropped 8% from the month prior (August), and/but were up a full 10.2% from September of 2013’s 2,158 .
  • There were 3,102 New Listings in September which was 6.1% higher than September 2013, but down 13.4% from the month prior.
  • The Average Sale Price in September of $338,100 was down $1,900 from the month prior. The first nine months of 2014 are logging an Average Sale Price of $333,000, which is up 7.4% over the same time period in 2013.
  • September Pending Sales (accepted offers), at 2,551, were down 5.7%  from the month prior.  That said, the Pending sales for September are up a full 15% over September 2013. ***This was the strongest September for Pending sales since 2006 when there were 2,599!

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In Lake Oswego and West Lin steady activity with all numbers down slightly from August, and/but the Average Sale Price rising by $16,400… and interestingly, Average Time on the Market going from 57 to 100 days (that’s quite a jump!)

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

    • 501 Active Listings  (August was 531)
    • 177 New Listings  (August was 185)
    • 130 Pending Sales  (August was 148)
    • 140 Closed Sales  (August was 134)
    • An Average Sale Price of $536,600.  (August was $520,200)
    • Average Time on the Market: 100 Days  (August was 57)
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Market Activity ~ Oct 13-19, 2014

Hello to each of our Property Blotter readers from the big, happy family here at the Blotter! We’re all still amazingly busy, and/but as I said before, Fall is in the air. Peoples’ attention wanders… Halloween, Thanksgiving, and yes… that other big holiday are on everyones’ minds. Yet, Fall and Winter can be fantastic times to buy a home. People with their homes on the market generally really want to sell. If you’re selling, people looking at this time of year really tend to be serious about buying!

Here is your Latest Market Data: Last week in Lake Oswego we saw 16 New properties enter the market, 22 move to Pending status, and 14 “Closed”/Sold! Interestingly, 11 out of those 22 New ones are Condos or Townhomes.

Ok, Linda here signing off/running out the door to help more clients!
Following is the breakdown for you according to RMLS:

NEW on Mkt (Oct 13-19, 2014)

Address List Price # Beds # Baths Total SF Prop Type
169 OSWEGO SMT #169 $109,000 2 2 1330 CONDO
103 OSWEGO SMT $110,000 2 1.1 1116 CONDO
120 OSWEGO SMT $134,900 2 2 1140 CONDO
44 EAGLE CREST DR #11 $139,000 3 2 1085 CONDO
4000 CARMAN DR #55 $149,900 2 2 866 CONDO
45 EAGLE CREST DR #409 $155,000 2 2 1214 CONDO
526 S STATE ST $169,900 2 1 914 CONDO
5063 Foothills DR $199,000 2 2 991 CONDO
1349 BONNIEBRAE DR $239,000 3 1.1 1303 ATTACHD
16250 PACIFIC HWY #75 $245,000 3 2 1626 CONDO
7 PEACOCK PL $329,900 3 2.1 1400 DETACHD
92 GREENRIDGE CT #92 $348,000 3 2.1 1980 ATTACHD
5344 TUALATA CT $349,355 3 2 1263 DETACHD
4972 GALEN ST $525,000 3 3 1942 ATTACHD
4726 CAMBRIDGE CT $595,000 3 2.1 2865 ATTACHD
2484 MARYLSHIRE LN $849,000 4 3.1 4353 DETACHD

PENDING SALES (Oct 13-19, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
87 OSWEGO SMT $79,000 2 1.1 1116 CONDO 104
5060 FOOTHILLS DR $240,000 3 2 1252 CONDO 2
17299 LAKE HAVEN DR $275,000 3 1 925 DETACHD 2
1 PEACOCK PL $309,000 3 2.1 1248 DETACHD 92
200 BURNHAM RD #211 $339,900 3 2 1862 CONDO 85
1812 FERNWOOD DR $369,000 3 1.1 1401 DETACHD 17
1405 CEDAR ST $375,000 4 2 2570 DETACHD 3
20 AQUINAS ST $389,000 4 2.1 1814 DETACHD 33
4208 HARVEY WAY $399,900 4 2 2132 DETACHD 87
6550 CHILDS RD $400,000 2 2 1346 DETACHD 9
3061 DORIS CT $429,900 5 2 2684 DETACHD 68
3225 TEMPEST DR $448,000 3 2.1 2231 DETACHD 106
18840 RIVENDELL CT $449,900 4 3 3060 DETACHD 72
629 5TH ST $469,000 2 1 1122 DETACHD 118
132 MIDDLECREST RD $495,000 4 2 1617 DETACHD 0
4125 WOLF BERRY CT $529,900 4 2.1 2824 DETACHD 1
2 Walking Woods DR $593,950 5 3 4116 DETACHD 91
3075 TOLKIEN LN $649,000 3 2.1 2667 DETACHD 9
17410 UPPER CHERRY LN $739,000 4 3.2 4586 DETACHD 141
754 5TH ST $755,000 3 3 2179 DETACHD 42
19463 LORNA LN $899,500 4 3.1 4055 DETACHD 429
17335 KELOK RD $950,000 4 3.1 2491 DETACHD 89

SOLD  (Oct 13-19, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #91 $122,500 $119,700 2 2 984 CONDO 23
155 OSWEGO SMT $199,900 $120,460 2 2 1506 CONDO 241
1818 COUNTRY CLUB RD $299,999 $300,000 4 2 2032 DETACHD 3
23 FALSTAFF ST $349,500 $322,500 3 2 1434 DETACHD 58
139 DEL PRADO ST $429,000 $382,500 4 2 2967 DETACHD 116
76 TOUCHSTONE $479,000 $400,000 5 2.1 2856 DETACHD 73
19040 INDIAN SPRINGS CIR $509,900 $505,000 4 3 2900 DETACHD 3
32 DEL PRADO ST $529,900 $512,000 5 3 3696 DETACHD 16
2626 PARK RD $537,500 $537,500 4 3 2475 DETACHD 5
14253 KIMBERLY CIR $700,000 $705,000 4 3.1 3592 DETACHD 0
3894 TAMARACK LN $825,000 $825,000 4 3.1 4035 DETACHD 39
13888 GOODALL RD $1,379,000 $1,265,000 4 3.1 4435 DETACHD 265
1633 LESLIE LN $1,850,000 $1,750,000 5 4.1 5921 DETACHD 88
17301 Canal CIR $1,999,999 $1,850,000 5 4.1 3843 DETACHD 89

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 22-28, 2014

We still have steady sales per Pending and Closed numbers, and/but fewer homes are entering the market. Fall is in the air!

Here is your Latest Market Data: Last week in Lake Oswego we saw 8 New properties enter the market, 22 move to Pending status, and 21 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on Mkt (Sept 22-28, 2014)

Address List Price # Beds # Baths Total SF Prop Type
4610 LOWER DR $114,900 2 1.1 1260 CONDO
158 OSWEGO SMT $138,000 2 2 1506 CONDO
121 LEONARD ST #C $195,000 2 2 1118 CONDO
200 BURNHAM RD #105 $229,900 1 1 858 CONDO
27 ORIOLE LN $425,500 4 2.1 1851 DETACHD
18768 WOOD DUCK ST $499,900 3 3 2940 DETACHD
11 MOUNTAIN VIEW LN $799,000 4 3.1 3659 DETACHD
1865 PALISADES TERRACE DR $6,900,000 5 5.3 8800 DETACHD

PENDING SALES (Sept 22-28, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
44 EAGLE CREST DR #41 $109,995 2 1 908 CONDO 421
10 CERVANTES CIR $149,900 2 1.1 912 CONDO 14
18543 DON LEE WAY $250,000 3 1 924 DETACHD 20
16450 LAKE FOREST BLVD $289,900 4 2 1442 DETACHD 4
1 EAGLE CREST DR $326,000 3 2 1265 DETACHD 18
5713 KENNY ST $335,000 3 2 1384 DETACHD 31
2051 GREENTREE RD $419,900 3 2.1 1864 DETACHD 67
3061 DORIS CT $429,900 5 2 2684 DETACHD 45
5115 FIRWOOD RD $439,970 4 2.1 1657 DETACHD 68
1530 LARCH ST $469,000 3 3 2384 DETACHD 3
960 9TH ST $475,000 2 1 1509 DETACHD 63
47 DA VINCI ST $475,000 3 2.1 2445 DETACHD 57
5225 COVENTRY CT $504,900 3 2.1 2050 DETACHD 3
19040 INDIAN SPRINGS CIR $509,900 4 3 2900 DETACHD 3
768 BERWICK CT $549,900 3 2 1731 DETACHD 24
12402 SHELBY CT $555,000 4 3 3120 DETACHD 74
2400 DELLWOOD DR $574,900 4 3 3180 DETACHD 1
3 WALKING WOODS DR $575,000 5 3 3853 DETACHD 86
17601 WOODHURST PL $650,000 3 2.1 3179 DETACHD 53
17410 UPPER CHERRY LN $739,000 4 3.2 4586 DETACHD 123
17129 KELOK RD $1,299,000 4 2.1 2894 DETACHD 0
13888 GOODALL RD $1,379,000 4 3.1 4435 DETACHD 265

SOLD  (Sept 22-28, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
245 CERVANTES $149,900 $153,500 2 2 1292 CONDO 5
5058 FOOTHILLS DR #A $239,900 $235,000 2 2 1252 CONDO 12
1720 BONNIEBRAE DR $287,500 $287,500 2 2 1611 ATTACHD 66
4291 WOODSIDE CIR $325,000 $315,000 3 2 2026 ATTACHD 49
90 KINGSGATE RD $289,900 $325,000 3 2.1 1727 DETACHD 326
1795 FERNWOOD DR $339,900 $325,000 3 1 1220 DETACHD 17
562 2ND ST $379,900 $377,000 2 2.1 1302 CONDO 177
14344 HOLLY SPRINGS RD $399,000 $400,000 3 2.1 1699 DETACHD 0
10 ABELARD ST $394,900 $400,000 3 2 1874 DETACHD 5
18929 LONGFELLOW AVE $446,000 $446,000 3 2 1800 DETACHD 7
523 2ND ST #105 $465,000 $465,000 2 2 1274 CONDO 12
7 WINDSOR CT $495,000 $485,000 5 2.1 2728 DETACHD 62
2802 GREENTREE RD $499,500 $507,000 3 2 2548 DETACHD 45
33 MORNINGVIEW CIR $550,000 $515,000 3 2.1 2737 DETACHD 123
4311 ORCHARD WAY $549,900 $520,000 4 2.1 3010 DETACHD 227
17900 CANAL RD $599,000 $535,000 4 3 2992 DETACHD 266
17450 TREETOP WAY $585,000 $575,000 5 3 3752 DETACHD 0
3333 Royce WAY $609,007 $614,999 4 2.1 2697 DETACHD 295
551 2ND ST $660,000 $615,000 2 2 1631 CONDO 74
1403 GREENTREE CIR $669,000 $635,000 5 3.1 4047 DETACHD 47
13777 CAMEO CT $1,700,000 $1,585,000 4 5.1 7300 DETACHD 38

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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News & Notes

Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) numbers:

The latest real estate numbers in Portland and the Lake Oswego/West Linn areas for August are in. There’s a mixed bag of improvement generally over last year, and/but continued slowing in August, as in July, from the months prior.

According to the RMLS Market Action Report for the Portland Metro Area  August, 2014:

  • At 2,586, August Closed Sales dropped 3.4% from the month prior (July), and 1.4% from August of 2013.
  • There were 3,581 New Listings in August which was 4.6% higher than August 2013, but down a whopping 9.4% from the month prior.
  • The Average Sale Price in August of $340,000 was down exactly $4,470 from the month prior. The first eight months of 2014 are logging an Average Sale Price of $332,600, which is up 7.6% over the same time period in 2013.
  • August Pending Sales (accepted offers), at 2,704, were down 3.5%  from the month prior. They were also slowing in July, which indicates fewer offers being made. That said, the Pending sales for August are up 3.4% over August 2013 .

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In Lake Oswego and West Linn we have some slowing in New Listings from July, and exactly the same number of Pending Listings…which is interesting :  )  The number for Closed Sales (how many were actually completed during August) is down a bit. The number of days it is taking for a property to sell is shrinking… which is a Good thing! As always, the Average Sale Price is higher than Portland Metro numbers. This is because of the percentage of high dollar homes, and does not mean that you can’t find reasonably priced homes here as you can see from our weekly Market Activity Reports.

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

    • 531Active Listings
    • 185 New Listings
    • 148 Pending Sales
    • 134 Closed Sales
    • An average Sale Price of $520,200.
    • Average Time on the Market: 57 Days
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Market Activity ~ Sept 1-7, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 15 New properties enter the market, 24 move to Pending status, and 14 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on Mkt (Sept 1-7, 2014)

Address List Price # Beds # Baths Total SF Prop Type
4000 CARMAN DR #C37 $139,900 1 1 836 CONDO
18543 DON LEE WAY $260,000 3 1 924 DETACHD
16250 PACIFIC HWY #59 $269,900 2 2 1380 CONDO
38 WHEATHERSTONE $290,000 3 2.1 1692 ATTACHD
1 EAGLE CREST DR $326,000 3 2 1265 DETACHD
1190 OAK TER $375,000 4 2 1534 DETACHD
15985 LAKE FOREST BLVD $379,000 3 2 1530 DETACHD
321 CERVANTES $399,950 3 2.1 2474 CONDO
6158 FROST LN $464,900 3 2.1 2109 DETACHD
14353 HOLLY SPRINGS RD $525,000 4 3 2238 CONDO
1653 DEVON LN $559,000 4 3 3181 DETACHD
754 5TH ST $770,000 3 3 2179 DETACHD
14084 GOODALL RD $1,295,000 5 5.1 5399 DETACHD
6 2015 Street of Dream 1600000 – 1900000 3 4.1 4200 DETACHD
1854 OAK KNOLL CT $1,995,000 3 3 3351 DETACHD

PENDING SALES (Sept 1-7, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
5061 FOOTHILLS DR #G $199,900 2 2 991 CONDO 7
5225 JEAN RD #605 $199,900 2 2 1400 CONDO 32
1531 CEDAR ST $264,900 2 1 832 DETACHD 18
5530 BONITA RD $269,900 3 1.1 1200 DETACHD 3
1018 SPRUCE ST $279,000 2 1 906 DETACHD 2
18325 SW 65TH AVE $287,500 3 1.1 1071 DETACHD 67
1818 COUNTRY CLUB RD $299,999 4 2 2032 DETACHD 3
1180 OXFORD DR $329,900 3 3 1760 DETACHD 11
19180 INDIAN CREEK AVE $365,000 4 3 2392 DETACHD 12
17226 TUALATIN ST $398,000 4 2.1 1942 DETACHD 34
13371 PETERS RD $407,000 3 2.1 2340 DETACHD 62
2944 DELLWOOD DR $425,000 3 3 2152 DETACHD 73
1310 LEE ST $425,000 3 2 2344 DETACHD 19
38 Northview CT $437,500 4 4 3125 ATTACHD 140
76 TOUCHSTONE $439,000 5 2.1 2856 DETACHD 73
529 2nd ST /Grnd Lvl $450,000 2 2 1339 CONDO 75
1638 PINE ST $479,000 5 2 3160 DETACHD 222
2 MORNINGVIEW CIR $489,000 3 2.1 2954 DETACHD 89
4250 HAVEN ST $499,950 3 3 1924 DETACHD 1
16919 LAKERIDGE DR $514,900 6 3 2710 DETACHD 50
2751 SUMMIT DR $648,950 3 2 2418 DETACHD 39
5005 DOGWOOD DR $779,000 4 3.1 4156 DETACHD 71
18977 BARTON RD $825,000 4 3.2 5076 DETACHD 32
17509 RIDGEVIEW LN $1,119,000 4 3.1 3938 DETACHD 3

SOLD  (Sept 1-7, 2014)

Address Open Price Closed Price # Beds # Baths Total SF Prop Type CDOM
73 CONDOLEA WAY #73 $299,000 $277,224 2 2 2131 CONDO 87
77 CONDOLEA WAY $320,000 $295,000 3 3 2143 CONDO 47
5300 DAWN AVE $479,500 $470,000 4 3 2544 DETACHD 180
2610 GLEN HAVEN RD $550,000 $515,000 4 3 3187 DETACHD 90
363 6TH ST $599,900 $517,500 3 3.1 2258 ATTACHD 253
17573 BLUE HERON CT $550,000 $530,000 4 3 2401 DETACHD 142
17641 BROOKHURST DR $659,000 $638,100 4 2.1 3386 DETACHD 34
2858 TOLKIEN LN $683,000 $638,500 4 3.1 3742 DETACHD 139
14133 AMBERWOOD CIR $725,000 $725,000 4 2.1 3200 DETACHD 0
17230 FERNWOOD DR $898,000 $855,000 5 4 4046 DETACHD 79
927 10TH ST $949,900 $885,000 4 2.1 2780 DETACHD 56
4063 Canal Woods CT $1,095,000 $950,000 4 3.1 4563 DETACHD 126
1777 ATHERTON DR $1,595,000 $1,475,000 6 4.3 6237 DETACHD 56
1425 CHANDLER RD $2,600,000 $2,535,000 5 4.1 5086 DETACHD 1

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.