Tag: Lake Oswego Property Values

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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) activity:

Well, hopefully you’re not getting tired of hearing about how the market is trending upward!

According to the RMLS Market Action Report for the Portland Metro Area May, 2013:

  • At 2,682, Closed Sales were a 26.2% increase over April, and a 27.8% increase over May of 2012.
  • There were 3,833 New Listings in May. The last time this number was higher was July 2010 at 4,029.
  • The Average Sale Price in May was $316,900, up from $302,600 in April 2013.
  • Pending Sales (accepted offers) increased from April 2013, but only slightly from 2,942  to 2978 in May.

For our Property Blotter readers, the combined area of Lake Oswego and West Linn also reported fantastic numbers:

    • 480 Active Listings
    • 252 New Listings
    • 188 Pending Sales
    • 154 Closed Sales
    • An average Sale Price of $474,700.
    • Average Time on the Market: 108 Days
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Market Activity ~ June 3-9, 2013

Last week there were 27 New properties entering the market, 30 moving to Pending status, and 13 that “Closed”/Sold.
Here is the breakdown of activity according to RMLS:

NEW SALES (June 3-9, 2013):

Address List Price # Beds # Baths Total SF Prop Type
36 OSWEGO SUMMIT $139,900 2 2 1140 CONDO
4 TOUCHSTONE #147 $165,000 3 2.1 1351 CONDO
5836 SW LAKEVIEW CT $195,000 3 1 1296 DETACHD
6053 FERNBROOK ST $317,900 3 1 912 DETACHD
908 CUMBERLAND PL $449,500 4 3 2715 DETACHD
13008 ROGERS RD $499,000 4 2.1 2448 DETACHD
10 JUAREZ ST $525,000 3 2.1 3740 DETACHD
2195 GLENMORRIE LN $534,900 3 2 2461 DETACHD
17730 MARYLBROOK DR $539,000 3 2.1 2951 DETACHD
134 DEL PRADO ST $569,000 5 3 3600 DETACHD
5 ABELARD ST $569,000 4 3 4660 DETACHD
11 TANGLEWOOD DR $578,950 4 3 3148 DETACHD
14130 GABRIELLE CT $589,000 4 2.1 2877 DETACHD
1015 SOUTHSHORE BLVD $650,000 4 3 3882 DETACHD
5710 CHARLES CIR $668,000 4 2.1 3061 DETACHD
18217 DELENKA LN $689,000 4 3 4171 DETACHD
5960 CLAIRMONT CT $715,000 4 2.1 3000 DETACHD
3015 ROYCE WAY $719,000 5 3.1 4081 DETACHD
639 CARRERA LN $979,000 5 3.1 4305 DETACHD
235 FURNACE ST $1,150,000 4 3.1 4042 DETACHD
1221 FOREST MEADOWS WAY $1,200,000 3 3 4150 DETACHD
17323 BERGIS FARM DR $1,280,000 4 3.2 4297 DETACHD
15567 VILLAGE DR $1,295,000 4 4 5247 DETACHD
853 D AVE $1,350,000 4 3.1 4710 DETACHD
18820 GREENBLUFF DR $1,375,000 4 4.1 5382 DETACHD
4153 WESTBAY RD $1,425,000 4 3.1 3374 DETACHD
1793 ATHERTON DR $1,595,000 4 5 6500 DETACHD

PENDING SALES (June 3-9, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
52 OSWEGO SMT $59,900 1 1 700 CONDO 82
44 EAGLE CREST DR #17 $70,000 1 1 798 CONDO 10
200 BURNHAM RD #104 $115,000 1 1 858 CONDO 56
206 CERVANTES $139,000 2 1.1 890 CONDO 1
15472 BRIANNE CT $239,000 2 2.1 1208 ATTACHD 50
4302 BOTTICELLI ST #2 $239,000 3 3.1 2298 CONDO 21
8 WHEATHERSTONE $309,000 3 2.1 1692 CONDO 2
3686 Lake Grove AVE $319,900 3 2 1300 DETACHD 352
19135 REDWING CT $320,000 4 2 1326 DETACHD 4
17380 MARJORIE AVE $359,000 4 2 1810 DETACHD 6
534 2ND ST $375,000 2 2.1 1394 CONDO 5
14414 ORCHARD SPRINGS RD $379,900 4 2.1 1890 DETACHD 72
5915 BURMA RD $379,900 5 3 3891 DETACHD 20
18357 HEATHER ANN CT $399,900 3 2 1832 DETACHD 58
342 LIVINGOOD LN $400,000 4 2.1 2384 DETACHD 5
1550 BEDFORD CT $409,900 2 2.1 2359 DETACHD 4
3140 ROYCE WAY $429,900 3 2 1923 DETACHD 2
805 HEMLOCK ST $474,900 4 3 2491 DETACHD 34
17742 MARYLCREEK DR $475,000 4 2.1 2494 DETACHD 4
2011 RIDGEWOOD LN $549,000 5 3.1 3012 DETACHD 23
12994 SIERRA VISTA DR $564,500 4 3.1 3824 DETACHD 430
18255 TAMAWAY DR $649,000 4 2.1 3457 DETACHD 28
12442 SW 22ND AVE $773,750 4 3.1 3834 DETACHD 3
5507 BAY CREEK DR $799,900 5 3.1 3900 DETACHD 7
215 CHANDLER PL $875,000 3 2.1 3118 DETACHD 24
17903 UPPER CHERRY LN $924,000 4 2.1 3912 DETACHD 18
16545 MAPLE CIR $1,395,000 3 3.1 3800 DETACHD 233
16743 GRAEF CIR $1,495,000 4 2.1 3772 DETACHD 362
1607 LAKE FRONT RD $1,649,000 4 4 4012 DETACHD 376
910 NORTHSHORE RD $3,595,000 4 6.1 5203 DETACHD 366

SOLD (June 3-9, 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
4000 CARMAN DR #23 $109,000 $105,500 2 2 866 CONDO 2
218 RIDGEWAY RD $110,000 $135,000 2 1 914 CONDO 415
1240 CEDAR ST $244,900 $246,000 3 1 1044 DETACHD 2
1330 HEMLOCK ST $285,000 $296,000 3 1 2730 DETACHD 49
5686 WASHINGTON CT $290,000 $310,000 2 2 1342 DETACHD 9
15442 PARTRIDGE DR $329,900 $335,000 4 2.1 2100 DETACHD 42
497 LIVINGOOD LN $390,000 $350,000 3 2.1 2144 DETACHD 87
13242 VERMEER DR $408,000 $412,000 3 2.1 2100 DETACHD 8
15939 TWIN FIR RD $499,900 $475,000 3 2 2480 DETACHD 483
828 ELLIS AVE $599,000 $599,000 3 2 2145 DETACHD 1
5678 CHARLES CIR $675,000 $645,000 4 4 3485 DETACHD 0
2400 CHILDS RD $839,900 $825,000 3 2.1 3400 DETACHD 14
4398 Lakeview BLVD $1,650,000 $1,650,000 3 3.1 3309 DETACHD 0

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings

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Market Activity ~ May 20-26, 2013

Last week there were 18 New properties entering the market, 21 moving to Pending status, and 10 that “Closed”/Sold.
Here is the breakdown of activity according to RMLS:

NEW SALES (May 20-26, 2013):

Address List Price # Beds # Baths Total SF Prop Type
44 EAGLE CREST DR #17 $70,000 1 1 798 CONDO
15471 BRIANNE CT $225,000 2 2.1 1204 ATTACHD
12826 BOONES FERRY RD $269,900 2 2.1 1398 CONDO
16291 LAKE FOREST BLVD $269,950 2 1 762 DETACHD
730 SW BRIERCLIFF LN $465,000 5 3 3275 DETACHD
16976 CHERRY CREST DR $510,000 4 2.1 2655 DETACHD
4078 MELISSA DR $535,000 4 2.1 2691 DETACHD
628 LAKE BAY CT $639,000 3 2 1729 DETACHD
1222 TIMBERLINE DR $649,900 4 3 3256 DETACHD
5780 CHILDS RD $669,000 5 2 2770 DETACHD
17920 SARAH HILL LN $789,900 4 3 2459 DETACHD
2719 RIVENDELL RD $799,000 4 2.1 3554 DETACHD
17903 UPPER CHERRY LN $924,000 4 2.1 3912 DETACHD
18187 SIENA DR $978,950 4 3.1 3745 DETACHD
618 ATWATER RD $995,000 6 3.2 5139 DETACHD
616 ATWATER RD $1,050,000 4 3.1 5558 DETACHD
1131 NORTHSHORE RD $1,280,000 4 3 3850 DETACHD
199 FURNACE ST -Upper $1,950,000 3 3.1 5772 CONDO

PENDING SALES (May 20-26, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE DR #46 $108,000 2 2 979 CONDO 15
572 S STATE ST $144,921 2 1 914 CONDO 82
10 WALKING WOODS DR $285,000 3 2.1 2194 DETACHD 602
19060 INDIAN SPRINGS CIR $349,900 3 2 1355 DETACHD 47
886 9TH ST $360,000 2 1 860 DETACHD 2
5745 SW WINDFIELD LOOP $369,900 3 2.1 1885 DETACHD 12
1129 CHERRY LN $379,900 4 2.1 2421 DETACHD 10
1257 HALLINAN CIR $385,000 4 2.1 2548 DETACHD 24
1745 MAPLELEAF RD $389,900 3 2 1518 DETACHD 6
9 MASARYK ST $415,000 3 3 2692 DETACHD 66
16147 LAKE FOREST BLVD $459,500 4 3 2889 DETACHD 11
343 3RD ST $469,500 3 3.1 1959 ATTACHD 8
12 MONTICELLO DR $499,000 4 2.1 3658 DETACHD 7
20 CELLINI CT $594,000 4 3 2876 DETACHD 4
4137 ORCHARD WAY $599,900 5 2.1 3329 DETACHD 39
5678 CHARLES CIR $675,000 4 4 3485 DETACHD 0
557 2nd ST #205 $680,000 2 2.1 1833 CONDO 63
13624 PROVINCIAL HILL WAY $699,900 4 2.1 3704 DETACHD 284
5384 WASHINGTON CT $699,900 4 3.1 3228 DETACHD 43
17485 BROOKHURST DR $749,500 4 3.1 4550 DETACHD 37
17340 CARDINAL DR $865,000 4 3 3417 DETACHD 120

SOLD (May 20-26, 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
66 OSWEGO SMT $74,900 $69,900 1 1 764 CONDO 12
206 OSWEGO SMT $200,000 $160,000 2 2 1506 CONDO 71
18917 REDWING WAY $324,900 $330,000 3 1.1 1440 DETACHD 3
5753 WINDFIELD LOOP $330,000 $335,000 3 2 1503 DETACHD 3
3192 DUNCAN DR $429,900 $385,000 5 2.1 3139 DETACHD 406
18123 WESTVIEW DR $459,000 $466,500 3 2.1 2608 DETACHD 11
5498 ROYAL OAKS DR $550,000 $550,000 4 2.1 2646 DETACHD 13
17065 Tualatin ST $578,950 $578,000 3 2.1 2733 DETACHD
19310 RIVERWOOD LN Lt9W $639,900 $625,000 5 4 3110 DETACHD 99
17337 BERGIS FARM DR $1,300,000 $1,290,000 4 3.2 4810 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

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LO Open Houses ~ May 26, 2-13

Enjoy your Memorial Day Weekend…. Here are 13 homes that will be held Open on Sunday:

Address L/Price # Beds # Baths Total SF Open
5056 FOOTHILLS DR #D $259,000 2 2 1252 1-3PM
12826 BOONES FERRY RD $269,900 2 2.1 1398 1-3PM
5895 BURMA RD $334,900 4 2.1 1781 1-4PM
8 HOTSPUR ST $440,000 3 2.1 1954 1-4PM
14371 SHERBROOK PL $467,500 3 2.1 2550 1-3PM
6 JUAREZ ST $579,000 4 3.1 3865 1-3PM
4102 CHAD DR $614,950 4 2.1 2987 1-3PM
19201 MAREE CT $699,000 5 2.1 4070 12:30-2:30PM
1541 MAPLE ST $699,900 4 4 3215 12-2PM
17903 UPPER CHERRY LN $924,000 4 2.1 3912 2-4PM
5320 CHILDS RD $989,300 5 3 4539 1-3PM
18520 DELENKA LN $1,299,000 4 4 5986 1:30-4PM
112 NORTHSHORE CIR $1,585,000 3 3.1 3632 11AM-4PM
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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) activity:

Someone flipped a switch around mid-late December, and it’s been nothing but “up” for the Portland real estate market ever since!  You’ve probably noticed, (unless it’s just the circles I run in : ) it’s been the topic on everyone’s lips for months… and doesn’t appear to show signs of slowing down or giving up the spotlight any time soon.

According to the RMLS Market Action Report for the Portland Metro Area April, 2013:

  • At 2,125, Closed Sales were a 9.8% increase over March, and a 16.6% increase over April of 2012.
  • There were 3,623 New Listings, which is an increase of 20.7% over March 2013.
  • The Average Sale Price in April was $302,600, up from $299,000 in March 2013.
  • Pending Sales (accepted offers) increased from March 2013 by 11.9% to 2,942.

For our Property Blotter readers, the combined area of Lake Oswego and West Linn also reported fantastic numbers:

    • 466 Active Listings
    • 252 New Listings
    • 160 Pending Sales
    • 113 Closed Sales
    • An average Sale Price of $448,600.
    • Average Time on the Market: 118 Days
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Market Activity ~ May 6-12, 2013

FamilyI think Dianne said it best last week…. real estate has become fun again! People are pursuing their dreams… upsizing, downsizing, moving closer to work, getting that backyard gardening space or that basement they’ve always wanted… and getting that interest rate they’ve always wanted too! : ) It’s really fun for us to be a part of helping those things to happen. Not that there aren’t challenges, and people still fighting through those (we like helping these people too), but the general market “feeling” is on the upswing.

Last week there were 20 New properties going on the market in Lake Oswego, 27 that went to Pending status, and 16 that Sold/Closed.

Here are further details regarding last week’s Market Activity according to RMLS:

NEW SALES (May 6-12, 2013):

Address List Price # Beds # Baths Total SF Prop Type
4 TOUCHSTONE DR #146 $108,000 2 2 979 CONDO
11 Oswego Summit #11 $149,000 2 2 1212 CONDO
88 KINGSGATE RD $299,500 3 2.1 1675 DETACHD
18410 INDIAN CREEK DR $324,000 4 2 1739 DETACHD
85 LAUREL ST $360,000 4 3 2820 DETACHD
5745 SW WINDFIELD LOOP $369,900 3 2.1 1885 DETACHD
31 NOVA CT $423,000 4 2.1 2106 DETACHD
42 SPINOSA $439,900 3 2.1 2056 DETACHD
16147 LAKE FOREST BLVD $459,500 4 3 2889 DETACHD
15 SPINOSA $459,900 3 3 2300 DETACHD
18207 WESTMINSTER DR $489,000 4 2.1 2258 DETACHD
2250 PARK RD $554,000 3 2 2041 DETACHD
15988 WHITE OAKS DR $575,000 4 2.1 2854 DETACHD
6 JUAREZ ST $579,000 4 3.1 3865 DETACHD
5880 MEADOWCREEK CT $625,000 3 2.1 2905 DETACHD
18255 TAMAWAY DR $649,000 4 2.1 3457 DETACHD
1941 WOODLAND TER $699,000 4 3 3684 DETACHD
19233 INDIAN SPRINGS RD $769,900 4 4.1 3423 DETACHD
1505 LAKE FRONT RD $2,250,000 4 3.1 4927 DETACHD
13599 Knaus RD $2,699,000 5 7 6874 DETACHD

PENDING SALES (May 6-12, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
668 MCVEY AVE #44 $104,900 1 1 636 CONDO 230
4000 CARMAN DR #71 $120,000 2 2 834 CONDO 1
750 1ST ST D24 $165,000 2 2 1350 CONDO 335
1755 KILKENNY RD $275,000 3 1 1725 DETACHD 10
1330 HEMLOCK ST $285,000 3 1 2730 DETACHD 49
1425 GREENTREE CIR $339,000 3 2 1809 DETACHD 8
4664 FIRWOOD RD $349,900 3 2 1665 DETACHD 2
6109 SW BURMA RD $349,900 3 2 1318 DETACHD 187
536 2ND ST $379,000 2 2.1 1394 CONDO 13
1257 HALLINAN CIR $385,000 4 2.1 2548 DETACHD 9
17866 LAKE HAVEN DR $410,000 4 2.1 2078 DETACHD 3
15540 PARTRIDGE DR $419,900 4 3 2203 DETACHD 14
1407 GREENTREE CIR $439,000 4 2.1 2201 DETACHD 8
1952 PARK FOREST AVE $444,900 5 3 2856 DETACHD 28
14520 RAINBOW DR $445,500 4 2 2405 DETACHD 49
3600 UPPER DR $469,900 4 2 2755 DETACHD 1
1525 MAPLE ST $489,000 4 3 2800 DETACHD 5
13276 DEERFIELD CT $499,000 4 2.1 3066 DETACHD 60
2464 MARYLHAVEN PL $529,900 4 2.1 2898 DETACHD 99
12723 ADRIAN CT $559,950 4 3 3219 DETACHD 35
32 HILLSHIRE DR $589,900 4 2.1 3605 DETACHD 68
135 MIDDLECREST RD $599,000 3 2.1 2882 DETACHD 302
14120 REDWOOD CT $619,000 4 2.1 2755 DETACHD 88
2002 CEDAR CT $659,000 3 2 2945 DETACHD 20
2643 SW RIVENDELL RD $727,000 5 3.1 3466 DETACHD 4
17625 WOODHURST PL $949,000 4 4.1 4197 DETACHD 206
17152 CEDAR RD $1,197,500 4 2.1 3034 DETACHD 35

SOLD (May 6-12, 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
5813 SW KENNYCROFT WAY $222,000 $208,000 3 1 1182 DETACHD 3
21 GREENRIDGE CT $260,000 $250,000 3 1.1 1815 CONDO 141
16232 BONAIRE AVE $279,900 $280,000 4 2.1 1792 DETACHD 17
821 EVERGREEN RD $394,900 $401,972 2 1 920 DETACHD 10
14221 DOLPH CT $465,000 $463,000 3 2.1 2100 DETACHD 2
13437 PROVINCIAL HILL WAY $579,900 $565,000 4 2.1 2833 DETACHD 38
318 NORTHSHORE RD $575,000 $575,000 3 2.1 2735 DETACHD 1
2960 WEMBLEY PARK RD $695,000 $660,000 4 2.1 2000 DETACHD 252
3315 CEDAR CT $744,000 $730,000 4 3.1 3712 DETACHD 46
4190 CHAD DR $749,500 $749,500 4 3.1 3756 DETACHD 18
1301 HORSESHOE CURV $795,000 $825,000 3 3 2060 DETACHD 3
3115 Wembley Park RD $895,000 $870,000 4 3.1 3600 DETACHD 523
17642 UPPER CHERRY LN $1,085,000 $949,000 4 3.1 3806 DETACHD 561
17225 KELOK RD $1,195,000 $1,195,000 4 3.1 4357 DETACHD 474
13060 KNAUS RD $1,299,000 $1,200,000 4 3.1 4353 DETACHD 264
1677 LESLIE LN $1,840,000 $1,750,000 4 6.1 7534 DETACHD 364

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 ~ Happenings & Market Data

  • Oswego-LakeDuring the period of May 15th and August 31st, Lake Oswego Police will be conducting undercover operations using decoys to determine whether establishments are serving alcohol to underage individuals.  Lake Oswego is being proactive in implementing this program to circumvent alcohol-related incidents involving minors in Lake Oswego.  According to the Dept of Health & Human Services and the Center for Disease Control and Prevention: Underage alcohol use is a major public health problem. Alcohol is the most commonly used drug in the United States, more than tobacco and illicit drugs, and is responsible for 4,700 deaths of underage persons annually.
  • The 37th Annual “Lake Run” will be held in Lake Oswego on Saturday, May 11th. There will be a kids dash, a 5k for walkers or runners, and a 10k challenge with an “improved new route”.  This event draws thousands every year.  Come enjoy the fun in Millenium Plaza Park with entertainment, lots of great food, and exposition booths.  For more information CLICK HERE.
  • The 2013 Community Survey results show, among other things, that:

* Overall, residents rate the city 8.6 on a 10-point scale, so satisfaction is high as “a place to live”.

* Residents let their “grade” for satisfaction with local government slip to 3.3 on a 5-point scale.  (This is down .1 since 2010, and .5 since 2005)

* 52%, a majority, agree that the city makes efficient use of tax dollars.

* As for the most popular sources of information, 63% of Lake Oswego residents get their information from the Lake Oswego Review and 58% from the Hello LO newsletter among other publications.

* For the detailed report CLICK HERE.

  • Here is a bit of data illustrating how Lake Oswego compares in context with the larger Portland market (you may want to zoom… sorry for the small-ish image…. interesting though, eh?):

Portland May 2013

***Note that Appreciation is based on a comparison of the rolling average sale price for the last 12 months (4/1/12-3/31/13) with the 12 months prior (4/1/11-3/31/12). Days on Market is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, DOM continues to accrue; however, it does not include the time that it was off the market