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News & Notes ~ Feb Data ~ 2017

The latest numbers for the entire Portland area for February 2017 are in!

I usually give our Property Blotter Readers a glimpse at the whole Portland market and how Lake Oswego fits into it below. Here you go!

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

  • There were 2,521 New Listings in February 2017 which was down 12.9% from February of 2016’s 2,896, but UP 14% from January of 2017’s total of 2,212.
  • At 1,669, February Closed Sales were down 7.9% from February 2016’s 1,813, and also down 9.6% over the previous month/January 2017’s total of  1,847. (So, more sales Closed in January for people who were Pending during the year-end push.)
  • February Pending Sales (accepted offers), at 2,369, fell 15% from February of 2016, but were UP 19% from the previous month/January 2017’s total of 1,990.
  •  The Average Sale Price in February of $404,200 was up $39,300 from February 2016’s $364,900, and down a bit from January 2017’s $409,900.

Average Sale Prices for February & Appreciation (12-month) By Area were:

  • North Portland: $368,700    11.2%
  • NE Portland:  $429,500    12.2%
  • SE Portland: $355,700    10.8%
  • Gresham/Troutdale: $297,000    12.2%
  • Milwaukie/Clackamas: $381,000    11.2%
  • Oregon City/Canby: $403,700    11.7%
  • Lake Oswego/West Linn: $661,500    16.5%
  • W Portland: $527,400    13.8%
  • NW Washington County: $528,500    10.6%
  • Beaverton/Aloha: $336,000    12.5%
  • Tigard/Wilsonville: $429,400    9.7%
  • Hillsboro/Forest Grove: $367,500    14.5%

The combined areas of Lake Oswego and West Linn  for the month of February 2017 reported:

    •  252 Active Listings   
    •  148 New Listings     
    •  124 Pending Sales   
    •  79 Closed Sales  
    • Average Sale Price for February: $661,500  
      • 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.
    • Average Time on the Market: 87 Days   
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Market Activity ~ March 6-12, 2017

Last week saw 19 New properties enter the market in Lake Oswego, 23 move to Pending status, and 16 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Mar 6-12, 2017)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY #11 $120,900 1 1 617 CONDO
16725 LAKE FOREST BLVD $414,900 3 2 1392 DETACHD
5717 SW LANGFORD LN $487,500 3 3 1800 DETACHD
3211 ROYCE WAY $499,900 3 2.1 2395 DETACHD
5966 FROST LN $550,000 4 2.1 2036 DETACHD
2401 MAYORS LN $595,000 3 3 3004 DETACHD
15155 BROOK CT $599,900 4 3 2388 DETACHD
1641 DEVON LN $619,000 4 2.1 2013 DETACHD
37 CHURCHILL DOWNS $634,000 3 2.1 2410 DETACHD
46 DA VINCI ST $659,900 4 3 3378 DETACHD
1510 Cherry Crest DR $714,000 6 4 3786 DETACHD
4890 SAGE HEN CIR $750,000 4 2.1 2832 DETACHD
13745 CAMEO CT $895,500 4 3 2844 DETACHD
3623 EENA RD $1,090,000 4 3.1 3429 DETACHD
17327 KELOK RD $1,299,000 3 3 2292 DETACHD
15800 OSWEGO SHORE CT $1,299,900 4 3.1 4047 DETACHD
870 TERRACE DR $1,329,000 5 3.1 4652 DETACHD
17399 CANAL CIR $2,395,000 4 3.1 4442 DETACHD
2180 PRESTWICK RD $3,100,000 3 4.1 4150 DETACHD

PENDING SALES (Mar 6-12, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #48-C $130,000 1 1 696 CONDO 6
64 CERVANTES CIR $179,698 2 1.1 912 CONDO 2
46 CRESTFIELD CT /Upper $189,000 2 1.1 923 CONDO 3
4000 CARMAN DR #60 $200,000 2 2 866 CONDO 2
44 EAGLE CREST DR #11 $210,000 3 2 1085 CONDO 22
4000 CARMAN DRn #A6 $215,000 2 2 866 CONDO 2
5056 FOOTHILLS DR #G $309,000 2 2 1252 CONDO 3
6030 SHAKESPEARE ST $359,900 3 1 1056 DETACHD 5
16514 CARNEGIE AVE $440,000 3 1.1 1182 DETACHD 7
1032 LAUREL ST $535,000 4 2 2426 DETACHD 3
4585 TRILLIUM WOODS $575,000 3 2.1 2004 ATTACHD 7
4286 ORCHARD WAY $580,000 3 2 2106 DETACHD 18
6 DEL PRADO ST $635,000 4 3 3318 DETACHD 3
17351 CANYON DR $699,900 5 3 2944 DETACHD 4
5522 ROYAL OAKS DR $715,000 4 2.1 2770 DETACHD 12
16038 REESE RD $729,900 4 3 3189 DETACHD 5
577 LAUREL ST $779,000 4 3.1 2747 DETACHD 204
205 5TH ST $799,000 4 3 2556 DETACHD 111
13970 TAYLORS CREST LN $869,000 4 2.1 3371 DETACHD 2
15199 LILY BAY CT $878,000 5 3 2696 DETACHD 19
17521 LAKE HAVEN DR $899,900 4 2.1 3080 DETACHD 5
2757 GLEN HAVEN RD $1,590,000 4 3.1 4604 DETACHD 85
757 LAKE SHORE RD $2,895,000 4 3.1 4098 DETACHD 126

SOLD (Mar 6-12, 2017)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
4625 LAKEVIEW BLVD/Grnd $129,000 $145,000 1 1 753 CONDO 8
86 KINGSGATE RD #F206 $164,900 $158,500 2 2 840 CONDO 1
326 CERVANTES CIR #13E $189,900 $185,000 2 1 832 CONDO 10
3680 SPRING LN #2B $269,900 $274,700 2 2.1 1152 CONDO 8
5228 BONITA RD $330,000 $290,000 4 2.1 1800 DETACHD 26
16411 INVERURIE RD $350,000 $325,000 2 1 920 DETACHD 1
19377 SYCAMORE AVE $355,000 $357,000 3 1 1008 DETACHD 3
4724 FIRWOOD RD $405,000 $410,000 3 1.1 1240 DETACHD 57
1838 OAK KNOLL CT $649,000 $577,500 4 2.1 2557 DETACHD 102
32 DA VINCI ST $679,000 $595,000 5 3 3460 DETACHD 217
1282 HIDE A WAY LN $775,000 $665,000 5 3 3249 DETACHD 152
57 EAGLE CREST DR $679,900 $685,000 5 2.1 3884 DETACHD 208
849 F AVE $1,199,900 $1,100,000 3 2.1 2674 DETACHD 101
12819 ALTO PARK RD $1,199,900 $1,130,000 4 4.1 4102 DETACHD 130
4331 LORDS LN $1,289,900 $1,340,269 5 4 3812 DETACHD 0
18008 GREENBLUFF DR $2,095,000 $1,650,000 3 3.1 4402 DETACHD 318

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 ~ Feb 6-19, 2017

The two week period from Feb 6-19 saw 17 New properties enter the market in Lake Oswego, 39 move to Pending status, and 24 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Feb 6-19, 2017)

Address List Price # Beds # Baths Total SF Prop Type
15479 BRIANNE CT $299,900 2 2.1 1204 ATTACHD
18455 SW Terry $449,000 3 2 2257 DETACHD
16809 CORNELL ST $535,000 3 3.1 3034 DETACHD
4286 ORCHARD WAY $580,000 3 2 2106 DETACHD
900 DEVON LN $595,000 4 3 2234 DETACHD
17582 CARDINAL DR $599,900 4 2.1 2326 DETACHD
17020 CHAPIN WAY $675,000 4 3 3258 DETACHD
5622 CARMAN DR $689,900 4 2 2164 DETACHD
15199 LILY BAY CT $878,000 5 3 2696 DETACHD
4190 CHAD DR $925,000 4 3.1 3913 DETACHD
1273 WELLS ST $979,000 5 3 4091 DETACHD
1120 HOODVIEW LN $1,175,000 4 3 3909 DETACHD
13598 MEADOWCREEK LN $1,300,000 4 3.1 3403 DETACHD
18246 BELLA TERRA DR $1,349,900 4 3.1 4196 DETACHD
13707 FIELDING RD $1,500,000 4 3 3337 DETACHD
17138 CEDAR RD $1,975,000 3 3.1 3017 DETACHD
13560 FIELDING RD $2,688,000 5 5.1 5308 DETACHD

PENDING SALES (Feb 6-19, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
1 CRESTFIELD CT $149,500 1 1 689 CONDO 4
4 TOUCHSTONE #71 $169,000 2 2 984 CONDO 2
32 CRESTFIELD CT $179,000 2 2 995 CONDO 3
6880 SW MONTAUK CIR #6882 $195,000 2 1 924 CONDO 6
151 OSWEGO SMT $199,900 2 2 1506 CONDO 37
200 RIDGEWAY RD $225,000 2 1 944 CONDO 4
16411 INVERURIE RD $350,000 2 1 920 DETACHD 1
4980 GALEN ST $374,999 2 2.1 1552 ATTACHD 4
23 MOUNTAIN CIR $395,000 2 2 1363 DETACHD 17
5333 TREE ST $400,000 3 1 1114 DETACHD 3
4724 FIRWOOD RD $405,000 3 1.1 1240 DETACHD 57
29 BECKET ST $480,000 3 2.1 2354 DETACHD 124
6462 FROST ST $499,000 4 2.1 2279 DETACHD 9
17605 HILL WAY $500,000 3 2.1 2054 DETACHD 3
48 AQUINAS ST $509,000 4 2 2693 DETACHD 2
1225 CORNELL ST $514,999 3 2 1395 DETACHD 65
6122 CARMAN DR $520,000 4 2 1508 DETACHD 4
1710 MEADOWS DR $525,000 3 2 1677 DETACHD 4
19061 SW INDIAN CREEK AVE $529,000 4 3 3070 DETACHD 187
18400 INDIAN CREEK DR $548,800 4 3 1736 DETACHD 5
4750 UPPER DR $550,000 4 3 3091 DETACHD 14
17433 SCHALIT WAY $589,950 4 2.1 2350 DETACHD 5
275 EVERGREEN RD $600,000 2 3.1 1761 ATTACHD 9
17225 GREENTREE AVE $639,900 4 3 2718 DETACHD 178
4668 HASTINGS PL $649,900 3 2.1 2432 DETACHD 3
17927 RIDGE LAKE DR $659,000 4 2.1 2544 DETACHD 18
57 EAGLE CREST DR $679,900 5 2.1 3884 DETACHD 208
1276 ROCKINGHORSE LN $679,900 5 3 3304 DETACHD 4
1282 HIDE A WAY LN $699,000 5 3 3249 DETACHD 152
4847 HASTINGS DR $699,000 4 2.1 2703 DETACHD 4
14061 TAYLORS CREST LN $765,000 4 2.1 2970 DETACHD 114
2100 RIDGE POINTE DR $799,900 5 5.1 5375 DETACHD 228
18653 PILKINGTON RD $1,100,000 4 3.1 3260 DETACHD 6
3129 DOUGLAS CIR $1,170,000 4 3.1 4002 DETACHD 23
4100 CANAL RD $1,349,000 4 3.1 4957 DETACHD 16
4434 LAKEVIEW BLVD $1,375,000 3 3 2803 DETACHD 89
17437 CANAL CIR $1,550,000 4 2.1 2815 DETACHD 4
18000 EASTRIDGE LN $1,750,000 4 4.1 5610 DETACHD 16
1210 CHANDLER RD $2,599,000 6 6.2 7668 DETACHD 326

SOLD (Feb 6-19, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
3433 MCNARY PKWY #703 $194,500 $210,000 2 2 1008 CONDO 3
4000 CARMAN DR #32 $235,000 $228,000 2 2 1083 CONDO 6
183 OSWEGO SMT $265,000 $237,400 2 2 1506 CONDO 105
1694 BONNIEBRAE DR $275,000 $270,000 2 1 864 CONDO 19
5057 FOOTHILLS DR #C $299,900 $309,900 3 2 1252 CONDO 25
4351 WOODSIDE CIR $385,500 $341,500 3 2 1532 CONDO 36
5916 KENNY ST $439,900 $390,000 3 1 1012 DETACHD 116
1 SAINT HELENS CIR $424,900 $424,900 3 2.1 1422 DETACHD 74
4396 GALEWOOD ST $450,000 $450,000 3 2.1 1672 DETACHD 0
5538 ROYAL OAKS DR $525,000 $512,000 3 2 1899 DETACHD 15
4920 CENTERWOOD ST $569,000 $551,250 3 2.1 2072 DETACHD 175
64 TOUCHSTONE $585,000 $565,000 4 2.1 3494 DETACHD 49
13448 AUBURN CT $649,900 $645,000 3 2.1 2535 ATTACHD 1
17517 OAK MEADOW LN $709,000 $690,000 4 2.1 2952 DETACHD 60
674 1st ST $699,000 $694,000 2 2.1 2140 CONDO
5124 WOODCREST LN $739,000 $742,000 4 2.1 2923 DETACHD 2
471 COUNTRY CLUB CT $799,999 $782,000 4 3 2962 DETACHD 290
4113 WOLF BERRY CT $839,000 $815,000 4 3 2922 DETACHD 26
5327 CARMAN GROVE LN $845,000 $840,700 4 3 3125 DETACHD 170
18402 ANDUIN TER $1,185,000 $895,000 4 3.1 4118 DETACHD 93
17833 MARYLCREEK DR $1,180,000 $930,000 5 4.1 5495 DETACHD 136
1340 COUNTRY COMMONS $1,089,900 $1,089,900 4 3 3359 DETACHD 20
13725 CAMEO CT $1,500,000 $1,450,000 5 4.1 4803 DETACHD 329
333 NORTHSHORE RD $3,597,500 $3,300,000 4 4.1 5150 DETACHD 28

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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Snapshot of Community Activities & Events

Ever wonder what this community is really like? Here are a few upcoming events (out of many!) to give you an idea of the variety of ongoing activities available to the residents and friends of Lake Oswego:

  • Every Wed 9:15-10:15AM, Little Medical School brings science, medicine and  the importance of health to 4-6 year olds in a fun way!  Lake Oswego Parks & Recreation, 1500 Greentree Road  CLICK HERE FOR MORE    Little Sports Medical School for Ages 8-11 Meet Saturdays 9:30-10:30AM!
  • Author Nathalia Holt’s Rise of the Rocket Girls (The Unsung Heroes of NASA) is the true story of women who helped launch America into space. Come meet her and hear her presentation at the Lake Oswego Library Wed, Feb 8 from 7:00– 9:00PM. Tickets are free, but you must have a ticket. CLICK HERE for more information.
  • Want to go Cross-Country Skiing with old and perhaps new friends?  Come on down to Palisades at  1500 Greentree Rd. on Sat, Feb 11 at 8:00AM & head on up the mountain for a fun-filled day at Multorpor Meadows.  CLICK HERE for more information.
  • Friends of Southwood (4.10 acres of natural area and a stream) invite you to come join in and help plant native species to contribute to a healthy stream and provide food and shelter to important bugs and pollinators. Sat, Feb 11, 2017 10:00– 12:00PM  Please contact Kim Valley  for more information at 503-336-4646.
  • Teen Valentine Poetry Slam happens Thurs, Feb 9th 7:00-8:00PM at the Lake Oswego Library. Love the love, or not!  Either way, we care!  Put your feelings in a poem and get ready to share…
  • Aqua Yoga is here! Join this low-impact class held Saturdays, 11:00-11:45 at The Springs at Carman Oaks, 3800 Carman Drive. CLICK HERE to register!
  • Breaking the Sound Barrier: Celebrating Unsung Heroes in Science. Lakewood Center for the Arts, Feb 11th, 10:30AM-12:00PM. Come enjoy this Readers Theater presentation with a focus on women in science of whom you’ve never heard! The actors will represent Nobel Prize winners, astronauts, inventors, and other inspirational women scientists in a refreshing and fun style.  You’ll learn about heroes whose achievements affect our everyday lives in a positive way.  Directed by experienced local theatre producer Barbara McDonald and featuring local AAUW actors.  Written by Gloria Holland, Salem AAUW.
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Market Activity ~ Jan 23-29, 2017

Last week saw 5 New properties enter the market in Lake Oswego, 9 move to Pending status, and 13 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 23-29, 2017)

Address List Price # Beds # Baths Total SF Prop Type
4625 LAKEVIEW BLVD $129,000 1 1 753 CONDO
5228 BONITA RD $330,000 4 2.1 1800 DETACHD
17927 RIDGE LAKE DR $659,000 4 2.1 2544 DETACHD
17071 REBECCA LN $669,000 3 3 2288 DETACHD
17973 Saint Clair DR $748,000 4 3 3323 DETACHD
5328 LOWER DR $795,000 4 2.1 2600 DETACHD
15112 QUARRY RD $1,099,000 5 3.1 3285 DETACHD
3129 DOUGLAS CIR $1,170,000 4 3.1 4002 DETACHD
15536 VILLAGE DR $1,178,000 6 3 3985 DETACHD
4100 CANAL RD $1,349,000 4 3.1 4957 DETACHD

PENDING SALES (Jan 23-29, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4660 WILDWOOD ST $450,000 4 2 2412 DETACHD 118
17821 SUNDOWN CT $599,000 4 2.1 3368 DETACHD 165
44 NOVA CT $749,900 4 2.1 2868 DETACHD 127
471 COUNTRY CLUB CT $799,999 4 3 2962 DETACHD 290
2107 GOODALL CT $850,000 4 3 3029 DETACHD 3
670 1st ST $899,000 3 2.1 2767 CONDO
13 NANSEN SMT $899,900 4 4.1 4625 DETACHD 1278
4720 FIRWOOD RD $1,150,000 4 3 3483 DETACHD 0
12819 ALTO PARK RD $1,169,900 4 4.1 4102 DETACHD 130

SOLD (Jan 23-29, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD #D104 $164,900 $157,000 2 2 924 CONDO 13
4 TOUCHSTONE #87 $175,000 $160,800 2 2 984 CONDO 23
18220 INDIAN CREEK DR $489,000 $470,000 4 2 1736 DETACHD 62
655 2ND ST $499,000 $500,000 2 2 1457 ATTACHD 32
18441 INDIAN CREEK DR $500,000 $512,500 3 2.1 1775 DETACHD 1
19 FALSTAFF ST $549,000 $515,000 4 2.1 3207 DETACHD 207
16 CHURCHILL DOWNS $565,000 $554,000 3 2.1 2056 DETACHD 9
16827 SCOTT CT $1,000,000 $990,000 4 3.1 4179 DETACHD 140
429 6th ST $1,049,000 $999,000 4 2.1 3205 DETACHD
13959 FOSBERG RD $2,500,000 $1,543,440 4 5.1 5075 DETACHD 183

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 ~ Dec. & 2016 Numbers

Well, the latest numbers for the entire Portland area for December and 2016 are in!  This is particularly interesting because the numbers are through December 31st…therefore there are figures for December (best look at what’s happening “right now”) AND for the entire year.

Here’s a bonus piece of information (graphic) that just came out via Realtor.com indicating that land is now accounting for more of the value of a property than it used to across the United States. We don’t know what this will mean as yet, but it will likely affect how Appraisers valuate and may impact loans accordingly. Keep your eyes peeled for more information on this as the year progresses.

Land Value

I usually give our Property Blotter Readers a glimpse at the whole Portland market and how Lake Oswego fits into it below. Here you go!

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

  • There were 1,421 New Listings in December 2016 which was down 7.6% from December of 2015’s 1,548, and also down 31.7% from November of 2016’s total of 2,080.
  • At 2,621, December Closed Sales were also down 3.3% from December 2015’s 2,710, and UP 7.7% over the previous month/November 2016’s total of  2,434.
  • December Pending Sales (accepted offers), at 1,757, fell 9.2% from December of 2015’s 1,936, and were also down 22.5% from the previous month/November 2016’s total of 2,266. (Typical: Holidays… Fewer people out making offers for awhile.)
  •  The Average Sale Price in December of $399,300 was up $31,700 from December 2015’s $367,600, and also up from November 2016’s $397,000.
  • The Year-End (Year-To-Date/YTD) Average Sale Price for the Overall Portland Area was $395,000. That compares to 2015’s YTD Average Sale Price which was $354,500. and accounts for an 11.4% rise.
  • The Inventory inventory situation is not much different from last year, which was at 1.2 months as of December 31st 2015…The lowest since 1999.  ***2016 shows Inventory of 1.3 months with 3,511 Active Listings as of Dec 31st.

Average Sale Prices By Area YTD for 2016 were:

  • North Portland: $380,600    (2015: $335,000)
  • NE Portland:  $418,000    (2015: $376,700)
  • SE Portland: $364,600    (2015: $330,100)
  • Gresham/Troutdale: $297,100    (2015: $263,000)
  • Milwaukie/Clackamas: $376,500    (2015: $335,600)
  • Oregon City/Canby: $366,400    (2015: $325,200)
  • Lake Oswego/West Linn: $614,000    (2015: $541,800)
  • W Portland: $563,400    (2015: $495,100)
  • NW Washington County: $487,900    (2015: $442,700)
  • Beaverton/Aloha: $331,900    (2015: $297,300)
  • Tigard/Wilsonville: $404,200    (2015: $370,600)
  • Hillsboro/Forest Grove: $335,100    (2015: $293,900)

The combined areas of Lake Oswego and West Linn  for the month of December 2016 reported:

    •  266 Active Listings    (2015: 255)
    •  68 New Listings    (2015: 86)   
    •  77 Pending Sales    (2015: 98) 
    •  111 Closed Sales    (2015: 143)
    • Average Sale Price for December of $607,100    (2015: $567,300) 
      • 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.
    • Average Time on the Market: 69 Days    (2015: 81)
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Market Activity ~ Jan 2-8, 2017

The week of Jan 2-8, saw 5 New properties enter the market in Lake Oswego, 9 move to Pending status, and 13 “Closed”/Sold. Notably, there were a whopping *18* “refreshed properties which I removed (as usual for your viewing pleasure ; ) from the “New” category.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 2-8, 2017)

Address List Price # Beds # Baths Total SF Prop Type
2734 ORCHARD HILL LN $697,000.00 4 2.1 2814 DETACHD
4182 GLACIER LILY ST $748,000.00 4 3 2799 DETACHD
1454 GLENMORRIE DR $849,900.00 4 2.1 3372 DETACHD
16672 FIR LN $1,238,000.00 4 4.1 4179 DETACHD
16793 GRAEF CIR $2,250,000.00 4 3.1 4680 DETACHD

PENDING SALES (Jan 2-8, 2017)

Address List Price # Beds # Baths Total SF Prop Type CDOM
3433 MCNARY PKWY #703 $194,500.00 2 2 1008 CONDO 3
4000 CARMAN DR #32 $235,000.00 2 2 1083 CONDO 6
1 SAINT HELENS CIR $424,900.00 3 2.1 1422 DETACHD 74
4396 GALEWOOD ST $450,000.00 3 2.1 1672 DETACHD 0
15939 TWIN FIR RD $649,000.00 3 2 2480 DETACHD 66
3838 RIVERS EDGE DR $692,000.00 3 2.1 2849 DETACHD 28
17517 OAK MEADOW LN $709,000.00 4 2.1 2952 DETACHD 60
5124 WOODCREST LN $739,000.00 4 2.1 2923 DETACHD 2
1340 COUNTRY COMMONS $1,089,900.00 4 3 3359 DETACHD 20

SOLD (Jan 2-8, 2017)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #7 $114,900.00 $110,000.00 1 1 617 CONDO 6
12848 BOONES FERRY RD $335,000.00 $335,000.00 2 2.1 1182 CONDO 0
47 ORIOLE LN $420,000.00 $430,000.00 3 3 1958 DETACHD 2
15 MASARYK ST $548,000.00 $430,650.00 4 3 3864 DETACHD 247
4739 REMBRANDT LN $485,000.00 $465,000.00 3 2.1 1954 DETACHD 22
7 CONDOLEA DR $449,900.00 $467,000.00 3 3 2388 CONDO 4
17766 ARBOR LN $509,900.00 $468,000.00 3 2 1561 DETACHD 118
2520 SOUTHSHORE BLVD $449,900.00 $490,000.00 3 2.1 2016 DETACHD 24
4697 OAKRIDGE RD $490,000.00 $490,000.00 3 2.1 1738 ATTACHD 7
672 1st ST $659,000.00 $650,000.00 2 2.1 1986 CONDO
13050 FIELDING RD $2,100,000.00 $1,765,000.00 4 5 4777 DETACHD 258
920 WESTPOINT RD $4,025,000.00 $4,025,000.00 4 4.1 6337 DETACHD 1
3232 LAKEVIEW BLVD $5,450,000.00 $4,641,000.00 4 4.1 7925 DETACHD 280

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 ~ Dec 12-18, 2016

tree-2015We hope your Christmas, Hanukkah and Holidays are  wondrous time with your Loved ones this year.  As we draw to a close, Dianne, Whitney and I are spending time with ours as well, and thinking of all the Blessings of 2016. Our Property Blotter readers and clients rank high on that list! Thank you so much for reading, and for your loyalty, trust and confidence.  We are here to support you.

During the holidays, we all slow down a bit (or speed up if you’re the one in charge of decorating and making the holidays happen ; ) and our lives take on a different texture.  We revel in this and welcome the longer days as we march headlong into the rest of our winter and a new year.

People are changing their lives through Buying and Selling homes even as the holidays take over so much of our attention. Families are growing, jobs and locations change; all kinds of Life Events cause people to embark on this Grande Adventure! The week of Dec 12-18, saw 8 New properties enter the market in Lake Oswego, 7 move to Pending status, and 13 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Dec 12-18, 2016)

Address List Price # Beds # Baths Total SF Prop Type
4351 WOODSIDE CIR $385,500 3 2 1532 CONDO
1225 CORNELL ST $514,999 3 2 1395 DETACHD
19477 SW 35th CT $685,000 3 2 3276 DETACHD
36 MORNINGVIEW CIR $694,900 4 3.1 2953 DETACHD
1340 COUNTRY COMMONS $1,089,900 4 3 3359 DETACHD
2757 GLEN HAVEN RD $1,590,000 4 3.1 4604 DETACHD
3458 LAKEVIEW BLVD $3,395,000 4 4.1 4647 DETACHD
15530 DIAMOND HEAD RD $4,998,000 5 4 6298 DETACHD

PENDING SALES (Dec 12-18, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
169 OSWEGO SMT #169 $198,000 2 2 1383 CONDO 242
4697 OAKRIDGE RD $490,000 3 2.1 1738 ATTACHD 7
5538 ROYAL OAKS DR $525,000 3 2 1899 DETACHD 15
16 CHURCHILL DOWNS $565,000 3 2.1 2056 DETACHD 9
64 TOUCHSTONE $575,000 4 2.1 3494 DETACHD 49
1350 RIDGECREST DR $799,000 4 3.1 3534 DETACHD 163
4323 SUNSET DR $1,389,900 4 3.1 3930 DETACHD 3

SOLD (Dec 12-18, 2016)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
4450 THUNDER VISTA LN $298,000 $301,000 2 2.1 2040 ATTACHD 5
18307 LONGFELLOW AVE $433,000 $433,000 3 2 1457 DETACHD 45
4208 HARVEY WAY $475,000 $492,500 4 2 2132 DETACHD 3
4583 TRILLIUM WOODS $599,000 $590,000 3 2.1 2004 ATTACHD 49
1264 ROCKINGHORSE LN $599,000 $593,000 4 2.1 2293 DETACHD 22
17533 ERIN CT $629,000 $622,000 3 2.1 3039 DETACHD 72
17771 MARYLCREEK DR $765,000 $692,500 4 3.1 4398 DETACHD 123
545 EVERGREEN RD $829,900 $789,900 3 3.1 2182 DETACHD 50
17867 SUNDOWN CT $849,900 $820,000 3 3.1 2765 DETACHD 35
15985 BONAIRE AVE $835,000 $863,928 3 2.1 2910 DETACHD 0
1601 PINE ST $944,900 $889,900 4 3.1 3711 DETACHD 83
13372 FIELDING RD $1,000,000 $1,000,000 4 4.1 3556 DETACHD 119
4390 LORDS LN $1,295,000 $1,295,000 4 3.1 3693 DETACHD 5

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 ~ Oct 2016 #’s

A little news for you (+ Oct data below)~

Good news! Conforming Loan limits are rising.  Here’s a little excerpt from a piece in Realtor Magazine:

The federal government is increasing the limit for conforming mortgages from $417,000 to $424,100 in most regions of the United States starting Jan. 1, 2017, the Federal Housing Finance Agency announced Wednesday—the first such increase since 2006.

The approximately 1.7 percent bump in the baseline conforming loan limit follows the FHFA’s announcement that  the average U.S. home price has returned to its pre-decline peak, which it hit in the third quarter of 2007. The FHFA bases the loan cap on its quarterly Housing Price Index, which gauges average single-family home prices. The index rose 1.5 percent during the third quarter of 2016 and is up 6.1 percent over the past year, enough to push it above its previous high point.

Conforming loan limits are significant because they apply to home loans that meet the underwriting guidelines of Fannie Mae or Freddie Mac, the government-sponsored entities that acquire mortgages from lenders and ensure a steady flow of money to the mortgage market. Interest rates for nonconforming, or jumbo mortgages, are generally higher than rates for loans that fall under the cap, and these types of mortgages can be more difficult to obtain.

 

Here are the latest/October numbers for the entire Portland area (and Lake Oswego details below):

According to the RMLS Market Action Report for the Portland Metro Area, October, 2016:

  • There were 2,929 New Listings in October which was down a whopping 20.3% from September’s 3,673, and down 4.4% from October of 2015’s 3,063.
  • At 2,589, October Closed Sales were also down 8.3% from September’s 2,823, and down 4.7% from October of 2015’s 2,717.
  • October Pending Sales (Accepted Offers), at 2,841 were down only 0.6% from Septembers 2,857, and were also  5.2% lower than October of 2015’s 2,996.
  • The Average Sale Price in October of $405,900 was up $13,700 from September’s $392,200, and also up a whopping $45,900 from October of 2015’s $360,000.     

 

                   _____________________________________________________                                                      October Average Sale Price + Appreciation (last 12 months):

    • North Portland:               $380,400             14.6%  (Sep: $381,400)
    • NE Portland:                    $423,700             11.6%  (Sep: $437,200)
    • SE Portland:                     $384,600            11.7%  (Sep: $368,200)
    • Gresham/Troutdale:        $309,900            12.7%  (Sep: $296,900)
    • Milwaukie/Clackamas:    $372,400            11.1%  (Sep: $395,100)
    • Oregon City/Canby:         $370,500            12.7%  (Sep: $364,100)
    • Lake Oswego/West Linn:$637,400             13.2%  (Sep: $619,800)
    • West Portland:                 $606,900            11.5%  (Sep: $505,100)
    • NW Washington County: $508,000              9.0%   (Sep: $473,300)
    • Beaverton/Aloha:            $322,900            10.7%  (Sep: $335,100)
    • Tigard/Wilsonville:          $404,000            10.5%  (Sep: $400,700)
    • Hillsboro/Forest Grove:  $344,200            14.5%  (Sep: $345,300)

_____________________________________________________

The combined areas of Lake Oswego and West Linn  (RMLS lumps them together) for the month of October 2016 reported:

    •  372 Active Listings (Sep/412)
    •  143 New Listings    (Sep/191)
    •  119 Pending Sales  (Sep/159 )
    •  131 Closed Sales     (Sep/128)
    • Average Sale Price for October: $637,400  (Sep/ $619,800 )
      • 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.
    • Average Time on the Market: 66 Days  (Aug /53)
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Market Activity ~ Nov 14-27, 2016

We hope your Thanksgiving was as wonderful as ours!

This report is for the last two weeks. We saw 7 New properties enter the market in Lake Oswego, 26 move to Pending status, and 34 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Nov 14-27, 2016)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY #7 $114,900 1 1 617 CONDO
12 BUCKINGHAM TER $499,000 2 2 1457 ATTACHD
50 HILLSHIRE DR $565,000 4 3 1920 DETACHD
5192 COVENTRY CT $635,000 4 2.1 2259 DETACHD
205 5TH ST $645,000 5 2.1 3188 DETACHD
655 2ND ST $829,000 4 3 2556 DETACHD
18531 WAXWING WAY $995,000 6 3.1 3642 DETACHD

PENDING SALES (Nov 14-27, 2016)

Address List Price # Beds # Baths Total SF Prop Type CDOM
121 LEONARD STn #A $300,000 3 2 1136 CONDO 4
4386 THUNDER VISTA LN $359,000 2 2.1 1903 ATTACHD 13
18630 WOOD DUCK ST $385,000 3 2 1808 DETACHD 1
1 SAINT HELENS CIR $424,900 3 2.1 1422 DETACHD 26
15 MASARYK ST $459,500 4 3 3864 DETACHD 247
14798 DAVIS LN $469,750 2 2.1 1698 ATTACHD 61
17766 ARBOR LN $470,000 3 2 1561 DETACHD 118
19 FALSTAFF ST $515,000 4 2.1 3207 DETACHD 207
937 F AVE $575,000 3 2 1382 DETACHD 4
1775 FERNWOOD DR $589,000 6 3 2640 DETACHD 60
4801 Heritage LN $598,500 3 2.1 2205 DETACHD 113
12504 SHELBY CT $625,000 4 2.1 2860 DETACHD 22
1481 GREENTREE CIR $628,800 4 3 2878 DETACHD 38
17533 ERIN CT $629,000 3 2.1 3039 DETACHD 72
1501 WOODLAND TER $649,900 5 3.1 3992 DETACHD 30
17920 MEADOWLARK LN $675,000 4 2.1 2716 DETACHD 4
5530 Dunmire DR $685,000 4 3 3040 DETACHD 187
6457 MCDUFF CT $733,500 4 3.1 3193 DETACHD 10
2325 OAKHURST LN $759,900 5 2.1 3627 DETACHD 153
15501 DIAMOND HEAD RD $995,000 4 3 2353 DETACHD 187
17084 CHAPIN WAY $1,225,000 4 3.1 4028 DETACHD 10
19331 LORNA LN $1,295,000 4 3.1 5070 DETACHD 100
1790 SKYLAND DR $1,295,000 4 4.1 5684 DETACHD 4
401 9TH ST $1,375,000 4 3.1 4288 DETACHD 62
315 BERWICK RD $2,295,000 4 3.1 4860 DETACHD 155
3232 LAKEVIEW BLVD $5,450,000 4 4.1 7925 DETACHD 280

SOLD (Nov 14-27, 2016)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
11 CRESTFIELD CT – Grnd $129,500 $129,500 1 1 550 CONDO 3
86 KINGSGATE RD #i204/Upper $159,000 $149,500 2 2 840 CONDO 24
4 TOUCHSTONEn #90 $199,000 $168,537 3 2.1 1351 CONDO 165
45 EAGLE CREST DR #211 $219,000 $200,000 2 2 1046 CONDO 68
45 EAGLE CREST DR #411 $221,900 $216,000 2 2 1214 CONDO 8
4 ERASMUS ST $273,800 $273,800 2 2.1 1547 ATTACHD 1
4083 JEFFERSON PKWY $299,000 $297,000 2 2.1 1202 CONDO 37
5804 KENNYCROFT WAY $295,000 $311,000 3 1.1 1008 DETACHD 3
1299 BOCA RATAN DR $319,900 $316,950 3 2.1 1858 ATTACHD 2
43 ORIOLE LN $385,000 $365,000 2 2 1810 DETACHD 62
5500 MCEWAN RD $435,000 $394,000 3 2 1820 DETACHD 131
4720 LOWER DR $415,000 $405,000 4 2 2404 DETACHD 3
17623 SCHALIT WAY $435,000 $435,000 3 2 1577 DETACHD 6
1706 MEADOWS DR $499,900 $490,000 3 2 1698 DETACHD 47
17901 STAFFORD RD $640,000 $495,000 3 2 2254 DETACHD 103
261 ASH ST $499,900 $500,000 3 2 1788 DETACHD 10
950 LAKE FRONT RD $549,900 $508,000 4 2.1 2112 DETACHD 34
3520 LANEWOOD ST $579,000 $546,400 3 2 1850 DETACHD 30
4575 OAKRIDGE RD $560,000 $552,000 3 2.1 2040 ATTACHD 27
1920 PARK FOREST AVE $575,000 $565,000 3 3 2679 DETACHD 32
18171 BRYANT RD $799,000 $590,000 3 2 2984 DETACHD 78
4581 TRILLIUM WOODS $615,000 $615,000 3 2.1 2211 ATTACHD 9
14102 KIMBERLY CIR $749,000 $675,000 4 3.1 3103 DETACHD 87
2981 VALE CT $739,900 $690,000 5 2.1 3516 DETACHD 69
5907 BAY POINT DR $720,000 $720,000 4 2.1 3278 DETACHD 1
4550 DOGWOOD DR $899,000 $820,000 3 3 3460 DETACHD 116
14389 EDENBERRY DR $895,000 $860,000 3 2.1 3055 DETACHD 0
876 9TH ST $1,099,900 $1,072,000 4 2.1 2699 DETACHD 101
582 9TH ST $889,000 $1,115,000 3 3.1 2841 DETACHD 946
1961 Cheryl CT $1,375,000 $1,260,000 5 4.1 5124 DETACHD 183
2092 SUMMIT DR $1,579,000 $1,614,000 4 4.1 4527 DETACHD 17
13012 KNAUS RD $1,825,000 $1,787,500 4 3.2 4796 DETACHD 49
980 EVERGREEN RD $2,280,000 $2,100,000 5 5.2 5644 DETACHD 90
1355 Country Commons $1,995,000 $2,337,362 4 3.1 4238 DETACHD 198

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.