Lake Oswego Property Values Archives

October 1, 2020October 2, 2020

Market Activity Sept 21-27, 2020

Linda and I hope that you like the new look that the blotter has. We are pretty excited about it!

Last Week in Lake Oswego there were 15 new listings, 19 properties with accepted offers that went pending, and 26 closed sales.

See below for market details.

New on the Market Sept 21-27, 2020

Address	Type	Price	BR	Baths	Sq Ft
30 Oswego Summit	Condo	$198,500	1	1	700
668 McVey Ave #40	Condo	$249,900	1	1	636
181 Oswego Summit	Condo	$289,000	2	2	1383
5059 Foothills Dr E	Condo	$325,000	2	2	1097
5058 Foothills Dr H	Condo	$339,900	3	2	1252
4520 Lower Dr A1	Condo	$459,900	3	2.5	1750
3595 Tempest Dr	Detached	$615,000	3	2	2126
2734 Orchard Hill Ln	Detached	$699,000	4	3	2800
221 Hidalgo St	Detached	$710,000	3	2.5	2660
4113 Wood Hill Ct	Detached	$745,000	4	3	2810
5338 Royal Oaks Dr	Detached	$819,000	4	2.5	2720
18375 River Edge Ln	Detached	$1,185,000	4	2.5	3612
877 9th St	Detached	$1,450,000	3	2.5	2932
17495 Kelok Rd	Detached	$1,750,000	3	2.5	3282
13615 Knaus Rd	Detached	$1,995,000	4	3.5	4294

Pending Sept 21-27, 2020

Address	Type	Price	BR	Baths	Sq Ft	CDOM
90 Galen St	Condo	$149,900	1	1	552	4
320 Cervantes Circle 12B	Attached	$209,900	2	1	832	3
6930 Montauk Circle	Condo	$235,000	2	1	924	12
4632 Lower Dr	Condo	$275,000	2	1.5	1260	33
4340 Botticelli	Condo	$369,900	3	315	2285	160
4963 Suntree Ln	Detached	$529,900	2	2.5	1861	81
2305 Glen Haven Rd	Detached	$595,000	3	2	1593	2
5364 Rosewood St	Detached	$599,000	4	2.5	1980	15
5885 Dove Ct	Detached	$599,900	3	3	1795	7
14408 Orchard Springs Rd	Condo	$600,000	5	3	2158	3
25 Becket St	Detached	$650,000	5	3	3112	14
17226 Tualatin St	Detached	$695,000	4	2.5	1942	4
151 C Ave	Attached	$795,000	2	2.5	1934	30
5682 Charles Circle	Detached	$839,000	4	3	3052	3
5335 Westfield Ct	Detached	$889,900	4	2.5	3122	25
19245 Megly Ct	Detached	$899,000	5	3	3490	41
18140 Pioneer Ct	Detached	$964,900	4	3	2524	2
15650 Quarry Rd	Detached	$1,298,000	3	2.5	3126	14
800 Terrace Dr	Detached	$1,559,000	5	4.5	5359	160

Sold/Closed Sept 21-27, 2020

Address	Type	List Price	Sold Price	Sq Ft	CDOM
4 Touchstone #126	Condo	$210,000	$197,700	984	72
4 Touchstone #146	Condo	$244,900	$244,900	979	88
4000 Carman Dr E74	Condo	$229,900	$230,000	836	13
45 Eagle Crest Dr #402	Condo	$249,000	$249,000	768	7
3844 Botticelli St	Condo	$319,000	$305,000	1132	30
37 Greenridge Ct	Attached	$399,000	$355,000	1176	52
750 1st St A12	Condo	$379,000	$360,000	1350	24
1120 Boca Ratan Dr	Attached	$400,000	$410,000	1611	5
5168 Lakeview Blvd	Detached	$395,000	$415,000	960	4
6024 Fernbrook Circle	Detached	$494,900	$512,500	1616	2
12850 Alto Park Rd	Detached	$600,000	$600,000	1147	9
15601 Tanager Dr	Detached	$619,900	$625,000	2046	6
1280 Oak Terrace	Detached	$579,900	$635,000	1685	1
12401 Shelby Ct	Detached	$660,000	$680,000	2718	1
1953 Summit Dr	Detached	$889,000	$819,000	3312	47
17838 Lake Haven Dr	Detached	$839,900	$875,000	2214	3
3903 Tempest Dr	Detached	$899,000	$899,000	2557	14
47 Hillshire Dr	Detached	$1,085,000	$1,110,000	3324	6
5156 Dawn St	Detached	$1,150,000	$1,150,000	2413	15
16429 Bonaire Ave	Detached	$1,299,900	$1,250,000	2967	30
17171 Cedar Rd	Detached	$1,795,000	$1,500,000	3746	389
13888 Goodall Rd	Detached	$1,738,000	$1,738,000	4435	5
17322 Cedar Rd	Detached	$1,795,000	$1,810,000	3432	30
768 Berwick Ct	Detached	$2,150,000	$1,810,000	4127	19
931 Atwater Rd	Detached	$2695,000	$2,500,000	4127	19
910 Northshore Rd	Detached	$4,595,000	$4,350,000	5455	17

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.

March 18, 2017

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

March 15, 2017

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.

February 26, 2017

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.

February 5, 2017February 5, 2017

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.

February 3, 2017

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.

January 14, 2017January 14, 2017

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.

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)

January 12, 2017

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.

December 26, 2016December 26, 2016

Market Activity ~ Dec 12-18, 2016

We 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.

December 3, 2016December 3, 2016

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)