Tag: market

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Lake Oswego’s Own ‘La Provence’!

There are so many reasons to choose to live in Lake Oswego, not the least of which is the quality of amenities offered here in this little hamlet outside of Portland, Oregon.  A small-ish community can often lack the cultural and foodie resources found in a larger city, but here in Lake Oswego, we got lucky.  Lake Oswego has the Lake Theater & Cafe for movies & live music events, as well as the Lake Oswego Center for the Arts which is a 2-stage venue for plays & musicals. Right across the street from that is George Rogers Park which hosts various festivals and concerts all summer long, along with Foothills Park, Westlake Park, Movie Nights and Farmers Markets in Millennium Park Plaza… on & on. Then there are the myriad restaurants & shops found off of State Street as well as Boones Ferry Road (kind of the two “main drags” of Lake Oswego). Lake Oswego does not want for places to obtain delicious food & wine, fancy or practical clothing, gifts…well, you get the idea. There are abundant resources in Lake Oswego for a cozy bedroom community.

Diane and I have put a spotlight on a businesses here & there through the years, and there are so many, but today I just wanted to say a few words about La Provence, restaurant & bakery. I remember discovering it when I first moved to Lake Oswego around 1999, and I came to make it a staple for family dinners and client lunches. Its also the place I go for a special treat for my French husband who is also a chef and rather particular in his taste for treats!  Alain Machtelinckx, Didier Blanc Gonet, and Pascal Tisseur opened it in 1996 a few blocks away from its current location at 16350 Boones Ferry Road when they could not find the  kind of authentic, rustic artisan bread they grew up on, and decided to do something about it. They are dedicated to the food they serve and the ambience they provide. They really try to instill a real old-world feeling into La Provence by doing things themselves… including making the tables and draperies in-house! From macarons to fine cuisine, everything is a reflection of their initial desire to bring the food they so loved in France to Oregon.  Nowadays they have 8 restaurants around the Portland area, but Lake Oswego will always be “home”.   As I mentioned, La Provence moved to a newer and larger restaurant space in Lake Oswego a few years back that is a recommended destination for anyone who loves good food and pleasant environs.

When you have the chance you ought to stop in for a pastry, lunch or dinner!  Lake Oswego is so lucky to have this gem. Here is a link to their main website where you can click on Lake Oswego or explore the other locations:  La Provence

As well as a link to their Lake Oswego location’s menu: La Provence Menu

Bon Apetit!

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…How Safe IS it in Lake Oswego?

Photo from Lake Oswego Review

Lots of people in Lake Oswego don’t lock their doors, or worry too much about locking their cars when, say, visiting a friend or shopping, or stopping for a latte (don’t tell anyone).  Its a little-known fact nowadays (since they changed the name of it to Police Log) that we named the Property Blotter 11 years ago after the Lake Oswego Review’s “Police Blotter”.  They’ve long published the unvarnished goings on as reported by the police. Now, there is some real stuff here & there, but by & large and it is hilarious to read for its lack of any real substance …Kids having a late night party while mom & dad were out on a date night, window washers reported for breaking into a house, regular folks reported for loitering while just waiting for their friend to show up for a meeting at their home,  dogs stealing chew toys…you get the picture. Its one of the reasons people move here.

Now its official. Lake Oswego was just named: Safest City in Oregon.

Here’s the scoop as just published in the Lake Oswego Review: CLICK HERE FOR STORY

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Market Activity ~ Jan 21-27, 2019

Happy Sunny January from Lake Oswego!

Activity is slowly picking up and holding pretty steady with 188 homes for sale in Lake Oswego right now. Last week 14 New properties entered the market, 16 moved to Pending status, and 9 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 21-27, 2019)

Address List Price # Beds # Baths Total SF Prop Type
81 GALEN ST / Grnd $182,000 1 1 689 CONDO
200 BURNHAM RD #303 $230,000 2 1 1199 CONDO
106 OSWEGO SMT #106 $235,000 2 2 1140 CONDO
16200 PACIFIC HWY #22 $385,000 2 2 1190 CONDO
6238 SW DAWN ST $505,000 3 2 1414 DETACHD
17297 BRYANT RD $529,000 3 2 1428 DETACHD
5515 LANGFORD LN $600,000 2 2 1830 DETACHD
5474 BAY CREEK DR $649,900 4 2.1 2322 DETACHD
8 WALKING WOODS DR $669,900 4 3 3105 DETACHD
905 LAUREL ST $939,000 3 3.1 2906 DETACHD
8 SHERWOOD CT $1,100,000 5 3 4073 DETACHD
1300 GLENMORRIE DR $1,195,000 5 3.1 4340 DETACHD
1451 HORSESHOE CURV $1,198,000 3 2 2062 DETACHD
17522 BRYANT RD $1,324,900 4 4 3545 DETACHD

PENDING SALES (Jan 21-27, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
750 1ST ST #E31 $179,500 1 1 986 CONDO 332
4642 LOWER DR / Main $199,000 2 1.1 1260 CONDO 19
100 KERR PKWY #16 $205,000 2 2 823 CONDO 2
48 CRESTFIELD CT #48 $223,800 2 1 921 CONDO 17
4000 Carman DR #40 $259,000 2 2 906 CONDO 115
5751 WASHINGTON CT $439,100 5 2 2120 DETACHD 102
51 CONDOLEA CT $445,000 3 2.1 2198 CONDO 200
5695 BURMA RD $479,900 4 2.1 1934 DETACHD 4
3306 EDGEMONT RD $535,500 4 2 1733 DETACHD 128
14425 HOLLY SPRINGS RD $569,000 4 3 2238 CONDO 23
14293 AMBERWOOD CIR $679,000 4 3 2576 DETACHD 3
5326 WESTFIELD CT $765,000 4 3.1 3259 DETACHD 110
17890 KELOK RD $769,000 4 2.1 3095 DETACHD 6
1813 PALISADES LAKE CT $1,015,000 5 3.1 4119 DETACHD 130
19481 LORNA LN $1,330,000 5 3.1 4340 DETACHD 437
17211 BLUE HERON RD $1,385,000 3 2.1 2701 DETACHD 13

SOLD (Jan 21-27, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
6925 SW MONTAUK CIR /Grnd $215,000 $200,000 2 1 927 CONDO 114
3692 SPRING LN /Upper $265,000 $232,000 2 2 1117 CONDO 162
247 CERVANTES /Upper $320,000 $295,000 2 2 1384 CONDO 131
2051 WEMBLEY PARK RD $549,900 $475,000 2 2 1196 DETACHD 55
18440 SANDPIPER CIR $529,900 $510,000 3 2 1447 DETACHD 166
15580 PARTRIDGE DR $539,900 $530,000 4 2.1 2245 DETACHD 10
5536 BAY CREEK DR $619,000 $617,000 4 2.1 2380 DETACHD 7
1961 PARK FOREST AVE $699,900 $712,000 5 2 2092 DETACHD 5
2815 ORCHARD HILL PL $749,900 $770,000 4 3 2915 DETACHD 4

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 ~ Year-End Dec 2018

Hello 2019!!!  Every year we get to take a look at how the numbers shook out for the prior year by digging into the December report, 1st through the 31st. The winter/holiday months always bring some cooling, and we also get to look at full year-to-year comparisons at this juncture.

Here is your look at the most recent data for the entire Portland area (Dec) as well as YTD numbers and how Lake Oswego fits in to the picture just below.

According to the RMLS Market Action Report for Portland Metro Area, December 2018:

– There were 1,255 New Listings in December 2018 which was down 21.4% from December of 2017’s 1,617, and also down 45.7% from the previous month/Nov of 2018’s total of 2,310.

  • ***New Listings for the entire year were: 41,287, an increase of 1.2% over 2017.

– At 1,846, December Closed Sales cooled  21.4% from December 2017’s 2,350, and also 13.9 % from the previous month/Nov 2018’s total of 2,144.  ***This is the coolest December for Closed Sales since 2013 when the total was 1,821.

  • ***Closed Sales for the entire year were: 29,771, a decrease of 5.9% from 2017.

-December’s Pending Sales (accepted offers), at 1,599 are down 9.0% down from December of 2017’s 1,757, and 16.0% from the previous month/Nov 2018’s total of  1,904.

  • ***Pending Sales for the entire year were: 29,809, a decrease of 4.9% from 2017.

-The Average Sale Price in December of $438,600 was up $16,900 from last year/December 2017’s $421,700, and down from the previous month/Nov 2018’s  $448,900 by $10,300.   

  • ***YTD Average Sale Price for the entire year was: $452,400 up 5.5% from $428,700 in Dec 2017.

-I am including Median Sale Price in 2019. So, for reference, when we do this again next year, the Median Sale Price (price smack dab in the middle) in December 2018 was: $390,000. Up from $380,000 in Dec 2017.

  • ***YTD Median Sale Price for the entire year was: $400,000, up 5.3% from 2017’s $379,900.

Neighborhoods: December’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $388,700              4.3%   (Nov 412,500/Dec ’17: 400,500, 5.9%)
    • YTD Median: $400,000
  • NE Portland:  $450,600                  4.0%   (Nov 453,100/Dec ’17: 430,000, 8.1%)
    • YTD Median: $415,000
  • SE Portland:  $425,900                   5.9%   (Nov 425,200/Dec ’17: 382,200, 8.7%)
    • YTD Median: $375,000
  • Gresham/Troutdale: $338,500      7.7%   (Nov 361,600/Dec ’17: 329,600,10.4%)
    • YTD Median: $340,000
  • Milwaukie/Clackamas: $427,500   4.6%   (Nov 443,400/Dec ’17: 411,500, 9.1%)
    • YTD Median: $400,000
  • Oregon City/Canby:   $428,600     7.1%   (Nov 427,200/Dec ’17: 402,100, 7.2%)
    • YTD Median: $392,500
  • Lake Oswego/West Linn:$636,300 .6%   (Nov 728,500/Dec ’17: 662,700, 9.5%)
    • YTD Median: $580,000
  • West Portland:    $588,800             3.8%  (Nov 601,000/Dec ’17: 612,700, 3.2%)
    • YTD Median: $519,000
  • NW Wash County:  $483,400          2.5%   (Nov 511,700/Dec ’17: 534,400, 7.7%)
    • YTD Median: $520,000
  • Beaverton/Aloha:     $381,600        8.6%  (Nov 397,200/Dec ’17: 363,200, 9.2%)
    • YTD Median: $375,000
  • Tigard/Wilsonville:   $459,600       6.3%   (Nov 482,000/Dec ’17: 435,700, 7.7%)
    • YTD Median: $430,000
  • Hillsboro/Forest Grove: $382,100  5.9% (Nov 381,300/Dec ’17: 366,800, 11.0%)

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of December 2018 reported:

    •  296 Active Listings   (Nov 390 / Dec ’17: 288)
    •  115 New Listings     (Nov 115 / Dec ’17: 80)
    •   91 Pending Sales  (Nov  91 / Dec ’17: 92)
    •   75 Closed Sales      (Nov  75 / Dec ’17: 98)
    • Average Sale Price for November: $636,300  (Nov 728,500 / Dec ’17: 662,700)
      • 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.
      • FYI, YTD Median: $580,000
    •  76 Average Days on the Market   (Oct 61 / Dec ’17: 73)

 

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Market Activity ~ Jan 7-13, 2019

Greetings Property Blotter Readers!

Happy 2019!  OK, Dianne and I are getting back to “normal” now, and this is the first one-week report of the year for Lake Oswego. You can see below that we’re starting up steady with new properties beginning to hit the market and go Pending, and lots of properties Closing that were Pending during 2018. I removed 11 properties showing as “New” that had actually been “refreshed”, so these numbers below are real.  ***I’ll also have the much anticipated 2018 “Year-End” numbers in the News & Notes report for you this week.

There are 189 homes for sale in Lake Oswego right now. Last week 9 New properties entered the market, 8 moved to Pending status, and 18 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 7-13, 2019)

Address List Price # Beds # Baths Total SF Prop Type
48 CRESTFIELD CT #48 $223,800 2 1 921 CONDO
4000 Carman DR #40 $269,000 2 2 906 CONDO
16880 CORTEZ CT $455,000 3 2.1 2313 DETACHD
5222 CARMAN DR $599,999 3 2 2543 DETACHD
2801 LAKEVIEW BLVD $799,900 3 3.2 3144 DETACHD
2925 ORCHARD HILL PL $825,000 3 2.1 2767 DETACHD
780 BRIERCLIFF LN $1,168,000 5 3.1 3061 DETACHD
17211 BLUE HERON RD $1,385,000 3 2.1 2701 DETACHD
15566 VILLAGE PARK CT $1,475,000 4 3.1 4855 DETACHD

PENDING SALES (Jan 7-13, 2019)

Address List Price # Beds # Baths Total SF Prop Type CDOM
13 OSWEGO SMT / Lower $129,900 1 1 764 CONDO 441
44 EAGLE CREST DR / Upper $195,000 2 1 908 CONDO 88
233 CERVANTES / Ground $199,900 2 1.1 1216 CONDO 49
3692 SPRING LN / Upper $249,000 2 2 1117 CONDO 162
553 6TH ST $499,950 1 1 1390 DETACHD 158
3857 BASS LN $639,000 3 2.1 2608 DETACHD 55
17342 RIDGEVIEW CT $1,360,000 4 3.1 4238 DETACHD 162
4694 UPPER DR $1,450,000 3 3 3637 DETACHD 249

SOLD (Jan 7-13, 2019)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
149 OSWEGO SMT / Upper $213,000 $196,000 2 2 1212 CONDO 192
204 RIDGEWAY RD #204 $239,000 $239,000 1 1 778 CONDO 12
1172 BOCA RATAN DR $375,000 $365,000 3 2 1611 ATTACHD 2
12886 BOONES FERRY RD $379,900 $375,000 2 2.1 1182 CONDO 13
17700 BRYANT RD $385,000 $385,000 3 1.1 1572 DETACHD 0
17510 Hill WAY $399,900 $400,000 2 1 2032 DETACHD 5
4298 WOODSIDE CIR $439,000 $427,000 3 3 2600 ATTACHD 306
18 GROUSE TER $540,000 $535,000 4 2.1 2631 DETACHD 93
5651 WINDFIELD LOOP $569,500 $537,000 2 2 1622 DETACHD 16
6414 FROST ST $597,900 $560,375 3 2.1 2205 DETACHD 54
5272 TREE ST $599,000 $584,000 3 3 1948 DETACHD 52
17079 CHERRY CREST AVE $679,000 $660,000 3 2.1 3002 DETACHD 23
15085 GLEN EAGLES PL $675,000 $675,000 4 3 2956 DETACHD 4
5668 VICTORIA CT $729,000 $710,000 4 2.1 3024 DETACHD 73
16987 ALDER CIR $899,000 $865,000 2 2.1 1991 DETACHD 407
455 9TH ST $949,000 $949,000 3 2.1 2143 DETACHD 0
4450 UPPER DR $1,100,000 $1,100,000 3 1 2580 DETACHD 12
612 CABANA LN $2,350,000 $2,150,000 4 4 3862 DETACHD 16

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 ~ Nov 2018 Numbers

The holidays are all around us now!

Here is your look at the most recent data for the entire Portland area (Nov) and how Lake Oswego fits in to this picture just below.

 

According to the RMLS Market Action Report for the Portland Metro Area, November, 2018:

  • There were 2,310 New Listings in November 2018 which was down 4.4% from November of 2017’s 2,416, and also down 25.5% from the previous month/Oct of 2018’s total of 3,100 .
  • At 2,144, November Closed Sales cooled  10.2% from November 2017’s 2,387, and also 12.1 % from the previous month/Oct 2018’s total of 2,440.
  • November’s Pending Sales (accepted offers), at 1,904 are down 19.7% down from November of 2017’s 2,371, and 23.3% from the previous month/Oct 2018’s total of  2,484.
  • The Average Sale Price in November of $448,900 was up $23,900 from last year/November 2017’s $425,000, and down a little from the previous month/Oct 2018’s $454,400 by $5,500.   

Neighborhoods: November’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $412,500              4.6%   (Oct 428,700)
  • NE Portland:  $453,100                   3.7%   (Oct 463,100)
  • SE Portland:  $425,200                   5.3%   (Oct 395,200)
  • Gresham/Troutdale:   $361,600     8.1%   (Oct 359,700)
  • Milwaukie/Clackamas:  $443,400  5.1%   (Oct 410,200)
  • Oregon City/Canby:   $427,200      6.9%   (Oct 408,600 )
  • Lake Oswego/West Linn:$728,500 1.4%   (Oct 714,500)
  • West Portland:    $601,000             4.3%   (Oct 646,200)
  • NW Wash County:  $511,700          2.9%   (Oct 588,300)
  • Beaverton/Aloha:     $397,200       8.0%   (Oct 398,000 )
  • Tigard/Wilsonville:   $482,000       6.6%   (Oct 454,400 )
  • Hillsboro/Forest Grove: $381,300  6.3%   (Oct 400,500 )

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of November 2018 reported:

    •  390 Active Listings   (Oct 454 )
    •  115 New Listings     (Oct 153)
    •   91 Pending Sales  (Oct 101)
    •   75 Closed Sales      (Oct 121)
    • Average Sale Price for November: $728,500  (Oct 714,500)
      • 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.
    •  76 Average Days on the Market   (Oct 61)
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Market Activity ~ Dec 10-16, 2018

Greetings Property Blotter Readers!

 

Even with the holidays all around us at this point, homes are still being listed and sold. Look at the “Solds” from last week!  Yes, its time to get things done before the end of the year for a variety of reasons. That first holiday in your new home is always a special one : )

There are 207 homes for sale in Lake Oswego right now. Last week 6 New properties entered the market, 16 moved to Pending status, and 17 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Dec 10-16, 2018)

Address List Price # Beds # Baths Total SF Prop Type
121 OSWEGO SMT $195,000 1 1 764 CONDO
17510 Hill WAY $400,000 2 1 2032 DETACHD
7210 SW CHILDS RD $424,900 3 2 1542 DETACHD
16224 LAKE FOREST BLVD $429,900 3 1.1 1300 DETACHD
5079 W SUNSET DR $529,900 2 2.1 1734 ATTACHD
2917 WESTVIEW CIR $1,298,000 5 4.1 4343 DETACHD

PENDING SALES (Dec 10-16, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
44 EAGLE CREST DR #2 $175,000 1 1 798 CONDO 10
/ Main $195,000 2 1.1 1216 CONDO 173
1172 BOCA RATAN DR $375,000 3 2 1611 ATTACHD 2
6291 HARRINGTON AVE $399,999 3 2 1472 DETACHD 119
4298 WOODSIDE CIR $439,000 3 3 2600 ATTACHD 306
15008 TWIN FIR RD $469,900 7 2.4 3532 DETACHD 176
1698 ASPEN ST $499,000 3 3 2668 DETACHD 132
1878 SOUTHSHORE BLVD $527,500 4 2.1 2594 DETACHD 180
10 PARTRIDGE LN $585,000 4 3 3528 DETACHD 119
5272 TREE ST $589,000 3 3 1948 DETACHD 52
5536 BAY CREEK DR $619,000 4 2.1 2380 DETACHD 7
17079 CHERRY CREST AVE $679,000 3 2.1 3002 DETACHD 23
17606 WOODHURST PL $799,900 5 3.1 4707 DETACHD 230
455 9TH ST $949,000 3 2.1 2143 DETACHD 0
3120 UPPER DR $2,350,000 5 3.1 4575 DETACHD 7
616 CABANA LN $2,798,000 5 4 3838 DETACHD 230

SOLD (Dec 10-16, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
57 GREENRIDGE CT $312,400 $279,036 2 2 1320 TOWNHSE 9
155 GREENWOOD RD $445,000 $445,000 3 1 999 DETACHD 86
4725 LAKEVIEW BLVD $465,000 $455,000 3 2 1589 DETACHD 6
1225 OAK TER $475,000 $475,000 3 1 1580 DETACHD 0
110 KINGSGATE RD $494,900 $485,000 3 2.1 1669 DETACHD 79
1981 MAPLELEAF RD $499,900 $520,000 4 2 2015 DETACHD 2
6187 FROST LN $564,900 $548,500 4 2.1 2149 DETACHD 90
18238 TAMAWAY DR $729,900 $577,500 5 3 5504 DETACHD 58
3742 RIVERS EDGE DR $679,000 $669,500 4 2.1 2765 DETACHD 8
17401 UPPER CHERRY LN $750,000 $690,000 4 3.1 3791 DETACHD 87
3562 UPPER DR $769,000 $760,000 3 3.1 2701 DETACHD 6
1041 CHANDLER RD $899,000 $830,000 3 2 1782 DETACHD 62
1055 COUNTRY CLUB RD $988,000 $875,000 3 2 2908 DETACHD 151
5027 ROSEWOOD ST $874,950 $883,000 4 3.1 3188 DETACHD 166
3773 UPPER DR $1,579,000 $1,490,000 4 2.1 3942 DETACHD 30
3115 DOUGLAS CIR $1,650,000 $1,567,500 5 4.2 4592 DETACHD 93
16913 CANAL CIR $1,595,000 $1,575,000 5 3.2 4359 DETACHD 60

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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This Week in Lake Oswego ~ Dec 10-15

The Holiday Spirit has infused Lake Oswego, the lights & the community tree are all up, and celebratory, musical, educational and all kinds of activities are ongoing as they are every week.

Here are my picks for things happening this week!

Mon, Dec 10 2018– 3:00-3:30PM –  Music for Babies ~ -Every Monday this program welcomes you to learn about music, singing and how babies learn and are affected by it. Learn about musical development in the very young. ~ Lake Oswego Public Library –  Info:  CLICK HERE

Tue, Dec 11, 2018 –  7:00-8:30PM – The Craft of Photography Part 2 (with Thor Spyros) ~ Long-time Lake Oswego resident and former Rolling Stone photographer (among many other national publications) presents this free program on the art & craft of photography. ~ Lake Oswego Public Library  Info:  CLICK HERE  

Wed, Dec 12, 2018 – 1:00-2:00PM – Three Pound Note ~ Ex Pats from the UK, Andrea Wild and Hugo Glanville, bring traditional music from Wales, Cornwall & England and…stories! ~ Lake Oswego Public Library –Info:  CLICK HERE     

Thu, Dec 13, 2018 2:30-3:30PM – Kids Make Things! ~ This drop-in program on the lower level is for ages K-5 and fosters creativity in kids every 2nd Thursday! ~  Lake Oswego Public Library:  CLICK HERE

Fri, Dec 14, 2018 – Toy Drive Drop-Off Deadline ~Drop off your unwrapped gifts at the Fire Department or Lake Oswego Public Library Info: CLICK HERE

Sat, Dec 15, 2018 – 2:00 – 4:00PM ~ Holiday Concert – Mistletoe & Starlight! ~ Tony Starlight brings back timeless holiday traditions and songs with a comedic twist!  Lake Oswego High School Auditorium Info: CLICK HERE

Sat, Dec 15, 2018 – 6:00 PM ~ Christmas Ships Parade! ~ Gather at Foothills Park, 199 Foothills Rd, to watch the Christmas Ships in all their bright finery! 60 boats are expected to make their way to Lake Oswego. Info: CLICK HERE

 

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Market Activity ~ Nov 26-Dec 2, 2018

Greetings Property Blotter Readers!

There are 233 homes for sale in Lake Oswego right now. Last week 7 New properties entered the market, 12 moved to Pending status, and 9 were “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Nov 26-Dec 2, 2018)

Address List Price # Beds # Baths Total SF Prop Type
44 EAGLE CREST DR #2 $175,000 1 1 798 CONDO
2182 GLENMORRIE DR $485,000 4 2 1580 DETACHD
4546 DOGWOOD DR $500,000 2 1 1010 DETACHD
4 GERSHWIN CT $739,000 4 4 3016 DETACHD
2050 WEMBLEY PARK RD $799,999 4 2 1868 DETACHD
3130 DOUGLAS CIR $1,595,000 4 3.1 4063 DETACHD
15880 OSWEGO SHORE CT $1,797,000 5 3.1 4084 DETACHD

PENDING SALES (Nov 26-Dec 2, 2018)

Address List Price # Beds # Baths Total SF Prop Type CDOM
15210 BOONES WAY / Upper $249,900 2 2 1124 CONDO 176
9 BLOCH TER $424,900 3 2.1 1946 TOWNHSE 7
1425 CEDAR ST $489,900 4 2 1669 DETACHD 52
18 GROUSE TER $540,000 4 2.1 2631 DETACHD 93
137 KINGSGATE RD $549,000 3 2.1 2372 DETACHD 16
1508 PINE ST $579,900 4 3 2300 DETACHD 134
18420 DEER OAK AVE $649,000 4 3 2327 DETACHD 59
3742 RIVERS EDGE DR $679,000 4 2.1 2765 DETACHD 8
161 FURNACE ST / Main $929,000 2 2 2134 CONDO 82
1099 TERRACE DR $1,499,000 5 4.1 4965 DETACHD 725
1175 WESTWARD HO RD $1,529,000 3 3.1 3547 DETACHD 135
3773 UPPER DR $1,529,900 4 2.1 3942 DETACHD 30

SOLD (Nov 26-Dec 2, 2018)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #19 $169,900 $158,900 1 1 617 CONDO 42
5711 MCEWAN RD $384,900 $350,000 3 1 1467 DETACHD 20
6182 SW DAWN ST $469,000 $450,000 3 1.1 1300 DETACHD 24
5695 WASHINGTON CT $575,000 $550,000 4 2 1708 DETACHD 19
19166 OLSON AVE $625,000 $652,500 5 3 2996 DETACHD 3
3100 WESTVIEW CT $1,100,000 $880,000 4 3.1 3725 DETACHD 295
16736 SYLVAN CT $999,900 $1,000,000 3 3 3914 DETACHD 6
2505 GLEN EAGLES RD $1,575,000 $1,575,000 5 5.1 4798 DETACHD 2
612 RIDGEWAY RD $2,598,000 $2,500,000 4 4.1 4106 DETACHD 397

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 ~ October 2018 Numbers

Inventory is still higher than usual, but is slowing down just a bit. I hate to keep beating this drum, but it really is the best time of year to buy.  Two of my clients just snapped up two gorgeous Lake Oswego homes and had some great options from which to choose. In any event, please call me or Dianne if you’d like to take advantage of this market.

Here is your look at the most recent data for the entire Portland area (Oct) and how Lake Oswego fits in to this picture just below:

  • According to the RMLS Market Action Report for the Portland Metro Area, October, 2018:
    • There were 3,100 New Listings in October 2018 which was up 4.0% from October of 2017’s 2,981, and/but down 14.0% from the previous month/Sept of 2018’s total of 3,606 .
    • At 2,440, October Closed Sales fell  4.9% from October 2017’s 2,565, but are up 7.4 % from the previous month/Sept 2018’s total of 2,272.
    • October’s Pending Sales (accepted offers), at 2,484 down 8.2% down from October of 2017’s 2,705, but up 0.5% from the previous month/Sept 2018’s total of  2,471.
    • The Average Sale Price in October of $454,400 was up $15,900 from October 2017’s $438,500, and also up from the previous month/Sept 2018’s $447,800 by $6,600.   

Neighborhoods: October’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $428,700              4.8%   (Sep 416,300)
  • NE Portland:  $463,100                   3.8%   (Sep 433,700)
  • SE Portland:  $395,200                   5.8%   (Sep 420,200)
  • Gresham/Troutdale:   $359,700     9.0%   (Sep 352,200)
  • Milwaukie/Clackamas:  $410,200  4.3%   (Sep 437,400)
  • Oregon City/Canby:   $408,600      6.4%   (Sep 404,300)
  • Lake Oswego/West Linn:$714,500 2.6%   (Sep 627,000)
  • West Portland:    $646,200             4.2%   (Sep 631,700)
  • NW Wash County:  $588,300          3.3%   (Sep 486,200)
  • Beaverton/Aloha:     $398,000       7.4%   (Sep 402,800)
  • Tigard/Wilsonville:   $454,400       6.9%   (Sep 466,900 )
  • Hillsboro/Forest Grove: $400,500  6.5%   (Sep 393,200 )

LAKE OSWEGO:

The combined areas of Lake Oswego and West Linn  for  the month of October 2018 reported:

    •  454 Active Listings   (Sep 507 )
    •  153 New Listings     (Sep 183)
    •  101 Pending Sales  (Sep 122)
    •  121 Closed Sales      (Sep 141)
    • Average Sale Price for October: $714,500  (Sep 627,000)
      • 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.
    •  61 Average Days on the Market   (Sep 58)