News & Notes

  • September 11th Memorial – The city will be holding a Memorial at Millennium Plaza Park on Sunday, September 11th from 1 – 2PM.  Fire and police personnel will recite all the names of all the public safety people who perished that day.  Fire stations will all set off tones at the precise moment the towers fell 10 years ago as well.  This is a time of remembrance and respect as the city offers a way for citizens to join together and participate.
  • “Organically Grown in Oregon” Week – Luscher Farms will be holding an Open House on Saturday, September 17th from 10AM – 3PM.  There will be a Tilth plant sale, kids activities, tours, free demos and organic treats!  This is an opportunity to visit with farmers from the Community Supported Agriculture program and to hear from Tilth experts.  Check out the chickens, the tractor and the Children’s Garden!
  • The Mayor’s First Annual Community Bike Ride – The new Chief of Police, Don Johnson and Mayor Hoffman will take families on a 12-mile ride around Lake Oswego Sunday, September 18th.  They promise to show participants a new perspective on the city.  Sounds like fun!  Click HERE for more info.
  • Why Do You Attend the Lake Oswego Farmers Market? – How does the market impact your life?  Click HERE to join in the conversation and read others’ comments.

According to the RMLS Market Action Report for July 2011, the combined area of Lake Oswego and West Linn  reported:

  • 870 Active Listings
  • 173 New Listings
  • 109 Pending Sales
  • 94 Closed Sales
  • An average Sale Price of $494,000.
  • Average Time on the Market: 149 Days

Market Activity for Aug 29 to Sept 4, 2011

Even with the Labor Day weekend last week, Lake Oswego saw quite a bit of real estate activity. 15 new listings came onto the market, 14 houses went pending, and 20 houses became closed sales. The high volume of closed sales versus new listings is likely a reflection of people wanting to move in before the start of the school year.

Also interesting, to me, was the percentage of the activity that was condos and attached homes. Condos and attached homes were 33% of the new listings, 57% of the pending sales, and 45% of the closed sales.

Last, I have to point out the 2 closed sales at $1,400,000 and $1,422,500 that sold in just 51 days and 2 days.

These are some rather positive numbers.

See below for further details:

NEWLY LISTED (August 28 to September 4, 2011)

Address Type Price Sq FT BR Baths
47 Eagle Crest Dr #26 Condo $74,900 932 2 1
3 Oswego Summit #3 Condo $124,900 1212 2 2
19221 Redwing Ct Detached $329,500 1374 3 2
4946 Mulholland Dr Attached $389,900 2584 3 2.5
1238 Hemlock St Detached $399,900 1548 3 2
510 2nd St Condo $410,000 1520 2 2.5
4725 Cambridge Ct Attached $425,000 3056 2 2.5
5842 Meadowcreek Ct Detached $449,900 2309 3 2.5
5686 Charles Circle Detached $499,900 3246 4 3
33 Westridge Dr Detached $538,000 3864 5 3.5
1278 Hida A Way Ln Detached $549,000 2632 4 2.5
13354 Twin Creek Ln Detached 579,000 3134 5 2.5
18175 Pilkington Rd Detached $635,000 3164 4 3.5
1495 Woodland Terr Detached $725,000 3960 4 2.5
18202 Bella Terra Dr Detached $1,145,000 3863 4 3.5

PENDING SALES (August 29 to September 4, 2011, 2011)

Address Type Price Sq Ft BR Baths CDOM
12 Crestfield Ct Condo $48,100 552 1 1 50
47 Eagle Crest Dr #3 Condo $56,000 932 2 1 491
58 Galen St Condo $70,000 689 1 1 375
169 Oswego Summit Condo $89,900 1383 2 2 486
215 Cervantes Condo $134,999 1100 2 2 44
23 Wheatherstone Attached $135,000 1692 3 2.5 32
3924 Carman Dr Attached $145,000 1139 2 2.5 363
16443 Inverurie Rd Detached $180,000 1480 4 2 5
191 Oswego Summit #191 Condo $189,000 1506 2 2 115
16546 Bonaire Ave Detached $219,900 1064 3 1 5
1510 Spruce St Detached $269,000 1242 3 2 47
4405 Oakridge Rd Lot 20 Attached $410,160 2004 3 2.5 0
3811 Childs Rd Detached $417,000 2006 3 2.5 101
19330 Riverwood Ln Detached $618,900 3367 4 3.5 0

SOLD (August 29 to September 4, 2011, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
47 Eagle Crest Dr #48 $89,500 $47,900 Condo 696 351
4000 Carmen Dr #101 $119,000 $112,000 Condo 869 5
5225 Jean Rd #307 $165,000 $140,000 Condo 1100 210
5061 Foothills Dr G $199,000 $163,000 Condo 991 272
4316 Botticelli St $209,000 $167,000 Condo 2098 114
4322 Botticelli St $315,000 $230,000 Condo 2043 440
55 Northshore Rd #7 $500,000 $267,500 Condo 1478 1193
5368 Tree St $269,000 $279,000 Detached 1850 121
880 Boca Ratan Dr $399,900 $280,000 Detached 2364 281
2089 Glenmorrie Dr $425,000 $329,500 Detached 1551 412
16 Grouse Terr $395,000 $378,000 Detached 2532 11
4958 Bilford Ln $379,900 $386,000 Detached 1968 3
1677 Laurel St $425,000 $420,000 Detached 2445 117
173 Furnace St $619,900 $505,000 Condo 2220 334
17911 Hillside Dr $569,000 $550,000 Detached 3330 11
554 5th St $699,000 $625,000 Attached 2166 177
4155 Canal Rd $850,000 $750,000 Detached 3736 56
3168 Douglas Circle $899,900 $899,900 Detached 4331 0
17860 Crestline Dr $1,475,000 $1,400,000 Detached 6810 51
17313 Blue Heron Rd $1,495,000 $1,422,500 Detached 3480 2

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

Open Houses for September 4th, 2011

It sure does feel like a holiday weekend when I see just 4 houses being held open in Lake Oswego this Sunday. Make the most of it and get out to see some houses!

Address Price Bedrooms Baths Open
16890 Cortez Ct $299,500 4 3 2 to 4
19443 Kokanee Ct $405,000 4 2.5 1 to 4
5843 Ridgetop Ct $499,950 4 3 1 to 3
17503 Cherry Ct $799,950 4 3.5 2 to 5

Market Activity ~ Aug. 22-28, 2011

There were 21 New properties entering the market, 17 in Pending status, and 11 marked as Sold during the last week according to RMLS.  5 out of the 11 Sold were priced at over one million.
See below for further details:

NEWLY LISTED (August 22-28 2011)

Address List Price # Beds # Baths Total SF Prop Type
99 OSWEGO SMT $89,900 2 1.1 1116 CONDO
48 EAGLE CREST DR 3B $134,900 2 2 1489 CONDO
87 OSWEGO SMT $179,900 2 1.1 1116 CONDO
16546 BONAIRE AVE $219,900 3 1 1064 DETACHD
4342 SUNSET DR $224,900 2 2 1055 DETACHD
8 WHEATHERSTONE $239,950 2 2.1 1692 ATTACHD
16430 LAKE FOREST BLVD $249,999 4 1 1342 DETACHD
55 NORTHSHORE RD $279,000 1 1 1574 ATTACHD
55 NORTHSHORE RD $289,000 1 1 1554 CONDO
16700 GARY LN $319,000 3 2.1 1529 DETACHD
1260 LARCH ST $339,500 3 2.1 2310 DETACHD
48 AQUINAS ST $375,000 4 2 2635 DETACHD
1050 SUNNINGDALE RD $375,000 3 1.2 1616 DETACHD
14331 SHERBROOK PL $397,950 3 2 1475 DETACHD
4667 WINTHROP CT $509,000 4 2.1 2235 DETACHD
197 FURNACE ST $535,000 2 2.1 2091 CONDO
2370 PALISADES CREST DR $849,000 4 3.1 4445 DETACHD
17930 BLUE HERON DR $899,000 5 4.1 5069 DETACHD
17655 KELOK RD $979,000 3 2 1820 DETACHD
18253 SIENA DR $1,149,000 5 4 4310 DETACHD
17255 CANAL CIR $1,200,000 5 4 4256 DETACHD

PENDING SALES (August 22-28, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD F103 $70,000 2 2 849 CONDO 40
86 KINGSGATE RD F106 $77,900 2 2 849 CONDO 867
582 S STATE ST $115,000 2 1 752 CONDO 133
222 RIDGEWAY RD $127,500 2 1 756 CONDO 19
908 LAKE FRONT RD $229,000 3 1 1398 DETACHD 3
16443 LAKE FOREST BLVD $239,900 3 2 1474 DETACHD 47
839 F AVE $240,000 3 1 1516 DETACHD 8
5139 TUALATA LN $257,900 3 2 1524 DETACHD 6
5368 TREE ST $269,000 3 2.1 1850 DETACHD 121
17653 SCHALIT WAY $299,900 3 2 1463 DETACHD 10
1162 LAKE SHORE RD $349,000 2 1.1 1248 DETACHD 548
312 4TH ST $399,000 2 2.1 1731 ATTACHD 101
5530 BAY CREEK DR $499,900 4 2.1 2958 DETACHD 12
17981 MEADOWLARK LN $529,900 3 2.1 3250 DETACHD 120
4158 CASEY CT $719,000 4 2.1 3385 DETACHD 392
13074 SW KNAUS RD $899,000 5 3.1 4244 DETACHD 25
2936 SW LAKEVIEW BLVD $1,888,000 5 3.1 4179 DETACHD 85

SOLD (August 22-28, 2011)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
3684 RED CEDAR WAY $269,900 $255,000 3 2.1 1830 DETACHD 308
2701 GLEN HAVEN RD $375,000 $361,735 2 2 3134 DETACHD 356
29 DEL PRADO ST $384,900 $384,900 4 2 2972 DETACHD 10
45 MORNINGVIEW CIR $475,000 $460,000 3 2.1 2505 DETACHD 7
10 MORNINGVIEW CIR $519,900 $495,000 4 2.1 2850 DETACHD 43
2400 DELLWOOD DR $549,900 $525,000 4 3 3180 DETACHD 875
590 OAK MEADOW DR $1,190,000 $1,050,000 4 4.1 4584 DETACHD 73
1780 RIDGECREST DR $1,200,000 $1,100,000 4 2.1 2694 DETACHD 47
1870 CREST DR $1,450,000 $1,210,000 4 3.1 4598 DETACHD 137
3258 LAKEVIEW BLVD $1,795,000 $1,600,000 3 4.1 4235 DETACHD 33
13961 KNAUS RD $1,999,000 $1,700,000 4 4.2 6614 DETACHD 583

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

Enjoy These Last Days Of Summertime

The kids are getting ready for school, and even though Lake Oswego has such fantastic schools and we love them so much…. you can hear the sighs and see the minivans hitting the road packed to the gills, and last-minute weekend trips to the coast or elsewhere taking precedence over “normal life”.  Here in Lake Oswego, we are taking advantage of every last minute of precious summertime, and we hope that you are too!

Happy Summertime, and be safe in your travels!

Market Activity for August 15-21, 2011

Last week 13 homes were put onto the market for sale in Lake Oswego, 10 homes accepted offers and became pending, and 12 homes closed escrow to be fully sold.
See below for further details:

NEWLY LISTED (August 15-21, 2011)

Address Type Price Sq FT BR Baths
4390 Sunset Dr Detached $197,500 942 3 1
839 F Ave Detached $240,000 1516 3 1
5139 Tualata Ln Detached $257,900 1524 3 2
5051 Tualata Ln Detached $369,900 1591 4 2
4403 Oakridge Rd Lot 21 Attached $399,900 2004 3 2.5
1193 Troon Rd Detached $415,000 2558 3 2.5
15200 Lily Bay Ct Detached $488,000 3260 4 2.5
17930 Meadowlark Ln Detached $525,000 3300 4 4
48 Becket St Detached $525,000 2485 3 2.5
18009 Braeden Ct Detached $639,000 3224 4 2.5
2941 Westview Circle Detached $689,000 3075 5 2.5
15468 Boones Way Detached 749,000 2425 4 2.5
1647 Englewood Dr Detached $1,595,000 4101 4 5

PENDING SALES (August 15-21, 2011)

Address Type Price Sq Ft BR Baths CDOM
5225 Jean Rd #307 Condo $156,900 1100 2 2 210
13985 Sundeleaf Dr Detached $279,000 1278 3 2 83
5795 Langford Ln Detached $349,500 1687 2 2 9
17737 Overlook Circle Detached $359,900 2250 4 2.5 65
2360 Greentree Rd Detached $379,900 2211 3 2.5 139
17095 Rebecca Ln Detached $379,900 2350 4 3 84
605 4th St Detached $525,000 1880 4 3 30
17682 Marylbrook Dr Detached $529,900 3799 4 2.5 339
19 Juarez St Detached $550,000 3584 3 2.5 169
3168 Douglas Circle Detached $899,900 4331 4 3.5 0

SOLD (August 15-21, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
322 Cervantes $99,990 $99,900 Condo 832 57
668 McVey Ave #74 $145,000 $145,000 Condo 636 139
5 Britten Ct $235,000 $225,000 Attached 1394 57
1981 Mapleleaf Rd $320,000 $300,000 Detached 2015 38
518 5th St $369,000 $305,000 Detached 1426 150
4398 Glacier Lily St $425,000 $318,500 Detached 2936 127
2825 Vale Ct $417,000 $401,000 Detached 2304 31
18132 Westview Dr $620,000 $500,000 Detached 3871 471
17645 Oak Meadow Ln $510,000 $515,000 Detached 3510 392
5115 Denton Dr $719,000 $665,000 Detached 3069 99
528 7th St $999,999 $950,000 Detached 3678 90
1954 Egan Way $1,050,000 $950,000 Detached 3748 323

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