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Market Activity ~ March 24-30, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 15 New properties enter the market, 22 move to Pending status, and 11 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on MKT (Mar 24-30, 2014)

Address List Price # Beds # Baths Total SF Prop Type
16250 PACIFIC HWY #45 $219,500 2 2 1311 CONDO
20 SUMMIT RIDGE CT $364,950 2 2.1 1704 ATTACHD
5644 WINDFIELD LOOP $389,000 3 3 1800 DETACHD
2823 ORCHARD HILL PL $425,000 3 2.1 2288 DETACHD
13364 AUBURN CT $459,900 3 2.1 2451 ATTACHD
641 8TH ST $459,950 4 2 2319 DETACHD
5559 ROYAL OAKS DR $468,950 4 2.1 2105 DETACHD
17488 MARDEE AVE $519,000 4 2.1 2168 DETACHD
6 HILLSHIRE DR $525,000 5 3 3254 DETACHD
2103 RIDGEWOOD RD $583,000 4 2 1650 DETACHD
17356 BRYANT RD $724,900 3 3 2913 DETACHD
5112 WOODCREST LN $799,900 4 4.1 3340 DETACHD
13327 ATWATER LN $979,000 3 2 3004 DETACHD
18325 CRESTLINE DR $1,240,000 5 4 4552 DETACHD
1968 CHERYL CT $1,549,900 4 4.3 6153 DETACHD

PENDING SALES (Mar 24-30, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4626 LOWER DR $99,000 2 2 1260 CONDO 15
116 OSWEGO SMT #116 $147,000 2 2 1140 CONDO 31
5225 Jean RD #404 $198,988 3 2 1500 CONDO 7
16150 KIMBALL ST $269,900 3 1 960 DETACHD 6
6397 MCEWAN RD $284,900 3 2 1008 DETACHD 199
635 1ST ST $289,900 2 2.1 1100 ATTACHD 7
4555 WILDWOOD ST $389,000 3 2 1565 DETACHD 23
2762 VALE CT $419,500 3 2.1 2709 DETACHD 2
2719 GREENTREE RD $429,950 5 3.1 3886 DETACHD 183
7 DEL PRADO ST $445,000 4 3 2232 DETACHD 4
2766 GREENTREE RD $459,500 5 2 2753 DETACHD 251
4908 HASTINGS DR $489,750 3 2.1 2096 DETACHD 4
5 ABELARD ST $529,000 5 3 4660 DETACHD 16
16311 INVERURIE RD $549,900 4 2 2047 DETACHD 127
2865 PARK RD $568,000 4 2.1 3031 DETACHD 7
13520 KNAUS RD $625,000 4 3 2641 DETACHD 180
17479 BROOKHURST DR $675,000 4 2.1 3552 DETACHD 64
13555 FIELDING RD $699,900 5 3.1 3656 DETACHD 112
14640 UPLANDS DR $779,000 4 3 2675 DETACHD 2
1475 SKYLAND DR $1,000,000 4 4.1 3695 DETACHD 2
13310 ATWATER LN $1,249,900 5 4 5697 DETACHD 300
17226 CHAPIN WAY $1,495,000 4 3.1 4917 DETACHD 353

SOLD (Mar 24-30, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
19071 LONGFELLOW AVE $279,900 $245,700 3 1 1080 DETACHD 7
6132 MINNEHAHA CT $259,900 $255,000 3 1.1 1232 DETACHD 11
26 BRIARWOOD RD $425,000 $365,000 4 2.2 2554 DETACHD 199
720 8TH ST $425,000 $415,000 3 2 1498 DETACHD 22
4216 ALBERT CIR $459,000 $446,500 3 2 2130 DETACHD 17
17366 CARDINAL DR $465,000 $475,000 4 2.1 2107 DETACHD 3
55 AQUINAS ST $574,900 $579,900 5 3 3720 DETACHD 19
1931 PARK FOREST CT $649,000 $600,000 5 4.1 3866 DETACHD 979
141 DEL PRADO ST $625,000 $617,700 4 2.1 2788 DETACHD 7
18042 JENIFERS WAY $639,950 $635,000 5 3 2946 DETACHD 6
3200 CHILDS RD $1,195,000 $1,068,000 4 3.1 5128 DETACHD 252

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

Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) numbers:

In the month of February 2014 the Portland area is still showing strength with, yet again, the highest Closed Sales since 2007.

According to the RMLS Market Action Report for the Portland Metro Area  February, 2014:

  • At 1,467, February Closed Sales ware up 5.1% from January’s 1.396, and 6.6% higher than February 2013.
  • There were 2,534 New Listings in February… 8.9% fewer than January’s 2.583, and down 4% from last February 2013.
  • The Average Sale Price in February  was $325,500, up $8,300. from January’s $317,200.
  • FebruaryPending Sales (accepted offers) were not as good; down 18.8% from January, and 13.2% from February 2013.

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

    • 412 Active Listings
    • 168 New Listings
    • 101 Pending Sales
    • 79 Closed Sales
    • An average Sale Price of $546,900.
    • Average Time on the Market: 137 Days
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Market Activity ~ March 10-16, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 17 New properties enter the market, 24 move to Pending status, and 11 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on MKT (Feb 10-16, 2014)

Address List Price # Beds # Baths Total SF Prop Type
47 EAGLE CREST DR #20 $97,000 2 1 1009 CONDO
4626 LOWER DR $99,000 2 2 1260 CONDO
45 EAGLE CREST DR #216 $115,000 1 1 600 CONDO
272 CERVANTES $149,900 3 2 1209 CONDO
3884 BOTTICELLI ST $175,000 2 1.1 1132 CONDO
210 S STATE ST #9 $369,000 2 1.1 1652 CONDO
1880 KILKENNY DR $415,000 4 3 2778 DETACHD
5498 YORKSHIRE PL $474,000 3 2 1911 DETACHD
17095 REBECCA LN $515,000 4 3 2379 DETACHD
5 ABELARD ST $529,000 5 3 4660 DETACHD
566 5TH ST $540,000 3 2 2377 DETACHD
7 BERNINI CT $549,000 4 2.1 3144 DETACHD
201 RIDGEWAY RD $589,000 2 1 2327 DETACHD
2300 CHILDS RD $765,000 3 2 3183 DETACHD
2390 PALISADES CREST DR $900,000 4 4 4823 DETACHD
3130 DOUGLAS CIR $1,448,000 4 3.1 3970 DETACHD
263 NORTHSHORE RD $1,695,000 4 3 3684 DETACHD

PENDING SALES (Feb 10-16, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
52 OSWEGO SMT $63,500 1 1 700 CONDO 361
100 KERR PKWY #52 $70,000 1 1 617 CONDO 14
116 OSWEGO SMT #116 $147,000 2 2 1140 CONDO 16
165 OSWEGO SMTn #165 $199,900 2 2 1383 CONDO 41
200 BURNHAM RD #406 $199,950 2 1 1199 CONDO 26
18430 PILKINGTON RD $249,000 3 1.1 1029 DETACHD 1
19071 LONGFELLOW AVE $279,900 3 1 1080 DETACHD 7
575 HEMLOCK ST $335,000 3 2 1175 DETACHD 2
62 WHEATHERSTONE CT #62 $349,000 4 3.1 2465 CONDO 4
103 GARIBALDI ST $499,000 4 3.1 4000 DETACHD 859
6151 SUMMER WOODS $499,000 4 3 2520 DETACHD 22
319 3RD ST $507,000 3 3.1 1937 ATTACHD 41
2440 OVERLOOK DR $549,900 4 3 3876 DETACHD 19
628 LAKE BAY CT $554,900 3 2 1729 DETACHD 292
18020 JENIFERS WAY $609,881 4 2.1 2966 DETACHD 619
19364 RIVER RUN DR $615,000 5 3.1 3010 DETACHD 245
14051 CHELSEA DR $615,000 4 3 2913 DETACHD 23
19067 MEGAN PL $620,000 4 3 3400 DETACHD 9
5502 KODERRA AVE $639,950 5 2.1 2633 DETACHD
140 FURNACE ST $799,000 3 3.1 3633 DETACHD 10
14435 UPLANDS DR $848,950 4 3.1 4402 DETACHD 55
1345 CHERRY LN $1,295,000 5 3.1 5259 DETACHD 235
2605 SOUTHSHORE BLVD $1,395,000 5 4.1 4550 DETACHD 26
931 Atwater RD $1,529,900 4 4.1 4764 DETACHD

SOLD (Feb 10-16, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
5687 BONITA RD $339,000 $278,495 3 2.1 2048 DETACHD 40
16056 REESE RD $319,000 $308,000 3 2 1667 DETACHD 14
67 TANGLEWOOD DR $434,900 $410,000 4 2.1 3068 DETACHD 163
16038 REESE RD $439,000 $435,000 3 3 3154 DETACHD 2
16275 WALUGA DR $350,000 $471,500 3 3 2677 DETACHD 153
4109 WOLF BERRY CT $529,900 $514,000 4 2.1 2661 DETACHD 88
15713 TARA PL $615,000 $598,000 4 2.1 3442 DETACHD 19
14232 MEADOW GRASS ST $619,000 $612,000 4 3 2965 DETACHD 12
420 RIDGEWAY RD $975,000 $835,000 2 2 2190 DETACHD 316
1600 VIEW LAKE CT $1,295,000 $860,000 2 2.1 3335 DETACHD 165
13537 FIELDING RD $995,000 $860,000 4 3.1 4188 DETACHD 219

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

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Market Activity ~ Feb 17-23, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 16 New properties enter the market, 11 move to Pending status, and 5 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on MKT (Feb 17-23, 2014)

Address List Price # Beds # Baths Total SF Prop Type
200 BURNHAM RD #406 $214,500 2 1 1199 CONDO
16250 PACIFIC HWY #56 $285,000 2 2 1305 CONDO
18148 BELMORE AVE $285,500 3 1 1008 DETACHD
13 SAINT HELENS CIR $364,900 3 2.1 2022 DETACHD
639 2ND ST $365,000 2 2 1457 ATTACHD
2697 LOOKOUT CT $419,000 3 2 2219 DETACHD
6151 SUMMER WOODS $499,000 4 3 2520 DETACHD
4 CAMELOT CT $534,900 5 3 3344 DETACHD
5431 BONITA RD $569,000 4 3 2784 DETACHD
5101 SW DAWN AVE $574,000 5 3 2700 DETACHD
2302 OVERLOOK DR $579,000 4 2.1 3125 DETACHD
17838 MARYLCREEK DR $800,000 4 3.1 4317 DETACHD
12820 ALTO PARK RD $939,000 4 3.1 3478 DETACHD
ASH ST $980,000 4 3.1 3000 DETACHD
14005 GOODALL RD $1,249,000 4 3.1 4825 DETACHD
1780 RIDGECREST DR $3,895,000 4 5.1 5999 DETACHD

PENDING SALES (Feb 17-23, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
14 CRESTFIELD CT $64,900 1 1 550 CONDO 145
86 KINGSGATE RD #E-104 $127,000 2 2 938 CONDO 5
12743 ALTO PARK RD $247,000 2 2 1228 DETACHD 19
17653 MARDEE AVE $340,000 3 2 1742 DETACHD 18
915 BULLOCK ST $435,000 4 3 2986 DETACHD 182
1508 PINE ST $459,000 3 2.1 2300 DETACHD 219
4344 SNOWBRUSH CT $529,000 4 3.1 3422 DETACHD 639
1941 WOODLAND TER $625,000 4 3 3684 DETACHD 266
17632 WOODHURST PL $648,950 5 4.1 4423 DETACHD 200
4540 SW LAMONT WAY $849,950 5 2.1 3555 DETACHD
12840 ALTO PARK RD $979,000 4 3.2 3973 DETACHD 0

SOLD (Feb 17-23, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #123 $139,900 $139,900 3 2.1 1351 CONDO 4
50 CERVANTES CIR #3-B $109,900 $140,000 2 1.1 912 CONDO 10
16 CERVANTES CIR #6-E $149,900 $144,000 2 1.1 912 CONDO 43
4690 LOWER DR $339,900 $329,000 3 2.1 1596 DETACHD 6
5602 SOUTHWOOD DR $498,900 $480,000 4 2.1 2636 DETACHD 103

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

Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) numbers:

In the month of January 2014 the Portland area overall is doing rather well, showing the best numbers for New Listings, in particular, since 2007!

According to the RMLS Market Action Report for the Portland Metro Area  January, 2014:

  • At 1,396, January Closed Sales were down 21.7% from December, and/but 3.9% higher than January 2013.
  • There were 2,583 New Listings in January…nearly doubling over December’s 1,333, and 5.9% higher than January 2013.
  • The Average Sale Price in January was $317,200, up $8,500. from December’s $308,700.
  • January Pending Sales (accepted offers) were 36.6% higher than December, and 6.3% higher than January 2013.

The combined areas of Lake Oswego and West Linn  for January reported:

    • 382 Active Listings
    • 184 New Listings
    • 103 Pending Sales
    • 69 Closed Sales
    • An average Sale Price of $486,600.
    • Average Time on the Market: 106 Days
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Market Activity Report ~ Feb 3-9, 2014

Hello to all our Property Blotter Readers!  Apologies for taking a break during last week’s “Snowpocalypse”  : )  But as usual, we weathered it just fine, and got to enjoy some snow days & down time for a short spell.  Dianne and I were out with our winter tires  though, sloshing & sliding through the snow to keep Inspection Appointments etc.  With all that weather fun, real estate keeps rolling right along (though Open Houses were significantly affected : )

Here is your Latest Market Data: Last week in Lake Oswego we saw 12 New properties enter the market, 19 move to Pending status, and 3 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on MKT (Feb 3-9, 2014)

Address List Price # Beds # Baths Total SF Prop Type
12743 ALTO PARK RD $299,500 2 2 1228 DETACHD
17653 MARDEE AVE $349,000 3 2 1742 DETACHD
4216 ALBERT CIR $459,000 3 2 2130 DETACHD
312 2ND ST $480,000 3 3.1 1938 ATTACHD
14113 AMBERWOOD CIR $684,000 4 2.1 3514 DETACHD
15519 VILLAGE DR $699,500 3 2 2274 DETACHD
18982 BRYANT RD $719,900 4 3.1 3438 DETACHD
1640 OAK ST $725,000 4 2.1 3301 DETACHD
630 8TH ST $995,000 4 2.1 2832 DETACHD
3727 UPPER DR $1,000,000 3 3.1 4731 DETACHD
163 IRON MOUNTAIN BLVD $1,429,000 4 3.1 4314 DETACHD
3690 LAKEVIEW BLVD $3,950,000 5 5.1 6366 DETACHD

PENDING SALES (Feb 3-9, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
10 CERVANTES CIR $118,000 2 1.1 912 CONDO 18
13060 Elk Rock RD #A $175,000 1 1 502 DETACHD 21
15491 BRIANNE CT $224,900 2 2.1 1208 ATTACHD 7
2286 SW Wembley Park RD $319,900 3 2 1300 DETACHD 8
4730 LAMONT CT $349,900 3 2 1676 DETACHD 0
26 BRIARWOOD RD $375,000 4 2.2 2554 DETACHD 199
231 LAUREL ST $430,000 3 3 2244 DETACHD 85
17366 CARDINAL DR $465,000 4 2.1 2107 DETACHD 3
6150 KENNY ST $465,000 3 1.1 1989 DETACHD 7
13060 ELK ROCK RD $474,900 4 3 3581 DETACHD 144
1 PREAKNESS CT $490,000 4 3 2373 DETACHD 146
623 ATWATER RD $549,000 3 2.1 2009 DETACHD 5
55 AQUINAS ST $574,900 5 3 3720 DETACHD 19
5831 SUNCREEK DR $615,000 4 2.1 2865 DETACHD 135
141 DEL PRADO ST $625,000 4 2.1 2788 DETACHD 7
1931 PARK FOREST CT $629,000 5 4.1 3866 DETACHD 979
5023 WOODCREST LN $630,900 4 2.1 3040 DETACHD 0
19333 RIVERWOOD LN #104 $630,900 4 2.1 3110 DETACHD 0
13310 ATWATER LN $1,249,900 5 4 5697 DETACHD 252

SOLD (Feb 3-9, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
13374 HIDDEN BAY CT $699,000 $665,000 4 2.1 3172 DETACHD 98
13080 THOMA RD $875,000 $700,000 3 2 2810 DETACHD 194
425 G AVE $1,400,000 $1,400,000 4 2.2 3890 DETACHD 91

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 Report ~ Jan 20-26, 2014

Last week in Lake Oswego we saw 17 New properties enter the market, 25 move to Pending status, and 35 “Closed”/Sold.

Here is the breakdown according to RMLS:

NEW on MKT (Jan 20-26, 2014)

Address List Price # Beds # Baths Total SF Prop Type
65 OSWEGO SMT $146,000 2 2 1140 CONDO
149 OSWEGO SMT #149 $159,900 2 2 1212 CONDO
155 OSWEGO SMT $199,900 2 2 1506 CONDO
16250 PACIFIC HWY #71 $254,900 2 2 1380 CONDO
17 GREENRIDGE CT $275,000 3 3 1900 ATTACHD
16227 KIMBALL ST $344,950 4 2.1 1572 DETACHD
2710 GREENTREE RD $417,500 4 3 3172 DETACHD
1638 PINE ST $494,000 5 2 3160 DETACHD
18360 SW TUALATA AVE $549,900 5 2.1 2703 DETACHD
1830 CLOVERLEAF RD $598,000 3 2.1 1857 DETACHD
214 GREENRIDGE DR $599,900 6 4 3714 ATTACHD
17632 WOODHURST PL $648,950 5 4.1 4423 DETACHD
17479 BROOKHURST DR $729,000 4 2.1 3552 DETACHD
96 GARIBALDI ST $789,000 3 3.1 4819 DETACHD
1273 WELLS ST $799,000 4 3 4091 DETACHD
755 6TH ST $995,000 4 3.1 4170 DETACHD
778 CABANA LN $2,295,000 3 3 3343 DETACHD

PENDING SALES (Jan 20-26, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
200 RIDGEWAY RD $175,000 2 1 988 CONDO 33
45 EAGLE CREST DR #501 $179,900 3 2 1647 CONDO 468
3894 BOTTICELLI ST $184,900 2 1.1 1132 CONDO 68
48 EAGLE CREST DR #1B $195,000 3 2 1623 CONDO 91
6321 ALYSSA TER $275,000 3 2.1 1546 ATTACHD 5
1733 Kilkenny RD $309,900 3 1.1 1654 DETACHD 219
5687 BONITA RD $310,000 3 2.1 2048 DETACHD 40
4256 COUNTRY WOODS CT $338,950 4 2.1 1560 DETACHD 1
6 PHEASANT RUN $339,900 3 2.1 1734 DETACHD 14
18341 FERNBROOK CT $369,999 4 2 1872 DETACHD 75
18385 WOOD THRUSH WAY $373,000 3 2 1832 DETACHD 5
1880 KILKENNY DR $400,000 4 3 2778 DETACHD 66
15481 TANAGER DR $405,000 3 2.1 2064 DETACHD 143
67 TANGLEWOOD DR $434,900 4 2.1 3068 DETACHD 163
17200 ROBB PL $439,000 3 2.1 2218 DETACHD 8
4741 CAMBRIDGE CT $467,000 2 2.1 2861 ATTACHD 5
4002 TEMPEST DR $539,900 4 3.1 4319 DETACHD 8
5616 GRAND OAKS DR $550,000 4 3 3096 DETACHD 65
885 LAKE FOREST DR $575,000 4 3 2186 DETACHD 80
5004 WOODCREST LN #16E $589,900 3 2.1 2523 DETACHD 73
15713 TARA PL $615,000 4 2.1 3442 DETACHD 19
18994 BRYANT RD $649,900 4 2.1 3146 DETACHD 454
420 RIDGEWAY RD $849,900 2 2 2190 DETACHD 316
2135 RIDGE POINTE DR $1,075,000 5 4.2 6755 DETACHD 216
17322 CEDAR RD $1,149,500 4 4.1 3370 DETACHD 14

SOLD (Jan 20-26, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #13 $85,900 $83,300 1 1 617 CONDO 89
18 WHEATHERSTONE $295,900 $295,900 3 2.1 1692 CONDO 138
4912 LOWER DR $339,000 $355,000 3 2 1539 DETACHD 4
13036 SIERRA CT $549,900 $485,000 3 2 2214 DETACHD 80
5522 ROYAL OAKS DR $683,500 $580,000 4 2.1 2471 DETACHD 177

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

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:

For 2013 the overall Portland area saw 27,065 Accepted Offers, and 24,872 Closed Sales which is up 12.7% from 24,010 Accepted Offers (Pendings) and 14.3% from 23,438 Closed Sales during 2012. Though Closed Sales decreased from November 2013 by 2.1%, December had the most Closed Sales since 2006!

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

  • At 1,782, December Closed Sales are 1.3% ahead of December 2012.
  • There were 1,333 New Listings in December. This was a decrease of 32.5% from this November, and an increase of 3.7% over December of 2012.
  • The Average Sale Price in December was $308,100, down from $318,100 in November 2013.
  • December Pending Sales (accepted offers) dropped by 18.8% compard to this November.

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

    • 379 Active Listings
    • 58 New Listings
    • 76 Pending Sales
    • 83 Closed Sales
    • An average Sale Price of $463,500.
    • Average Time on the Market: 113 Days
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Market Activity ~ Jan 6-12, 2014

During our first full week of logged activity in Lake Oswego, 8 New properties entered the market, 9 moved to Pending status, and 3  “Closed”/Sold.

Here is the breakdown according to RMLS:

NEW on MKT (Jan 6-12, 2014)

Address List Price # Beds # Baths Total SF Prop Type
4 TOUCHSTONE #123 $139,900 3 2.1 1351 CONDO
5063 FOOTHILLS DR #14 $184,900 2 2 1050 CONDO
6 PHEASANT RUN $339,900 3 2.1 1734 DETACHD
4690 LOWER DR $339,900 3 2.1 1596 DETACHD
4360 WESTBAY RD $520,000 4 3 2636 DETACHD
4401 ALBERT CIR $529,950 4 2.1 2620 DETACHD
17322 CEDAR RD $1,149,500 4 4.1 3370 DETACHD
2493 SOUTHSHORE BLVD $3,495,000 5 4.1 7112 DETACHD

PENDING SALES (Jan 6-12, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
88 OSWEGO SMT $99,999 1 1 764 CONDO 56
50 CERVANTES CIR #3-B $109,900 2 1.1 912 CONDO 10
16 CERVANTES CIR #6E $149,900 2 1.1 912 CONDO 43
13080 THOMA RD $395,000 3 2 2810 DETACHD 200
5616 GRAND OAKS DR $550,000 4 3 3096 DETACHD 54
2481 MARYLSHIRE LN $675,000 5 3.1 4154 DETACHD 175
17390 GRANDVIEW CT $989,999 4 4.2 4516 DETACHD 204
17375 RIDGEVIEW CT $998,500 4 3.1 4065 DETACHD 147
4601 UPPER DR $1,059,000 4 3.2 3943 DETACHD 2

SOLD (Jan 6-12, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
3808 BOTTICELLI ST $189,900 $182,000 3 2 1288 CONDO 71
3595 TEMPEST DR $424,900 $389,900 3 2 2126 DETACHD 53
4018 COHO LN $959,000 $900,000 4 4.1 5128 DETACHD 111

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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Tips & Tidbits

  • “On average, home owners have a median worth of nearly $200,000 while renters are essentially living paycheck to paycheck, with only $4,000 net worth on average. And renters as a share of households are growing their ranks having risen by 6 million from a decade ago.”  Lawrence Yun, Chief Economist of the National Association of Realtors (NAR)
  • “ Adults under 35 living at home = 30.3%.  Under 35 Ownership Rate = 36.7%”       NAR Research, December 2013
  •  Have you overspent during the holidays? If so, you’re not alone! I have a few tips for catching up, and getting those credit cards back in line….  And, if you implement these ideas, it’ll go a long way to keeping your credit score squeaky clean, and help you build funds for the home you’ve been wanting to buy!

Here are 5 Steps (I borrowed these ideas from KeyBank ; ) to help get you back on track:

“Balance your budget“. If you’re saying “duh”, then think about trimming some expenses using these tips:

1)  “Pack Your Own”. Yup. Bring your coffee from home instead of stopping for a latte. Bring your own lunch for awhile. You’ll be surprised at how much you’ll save!

2 “Cut What You Won’t Miss”. Trim things like the little extras in your cable package, work out at home instead of at the gym or at your local community center, scale back your mobile service if you rarely max out your minutes, cancel subscriptions and get your favorite magazine copies at the library instead.

3) “Embrace Used”. When shopping for things that depreciate quickly, like cars, try re-sale!  Even for things like clothing, exercise equipment, and even electronics, (I just bought a brand new elyptical machine on Craigslist for $100.!!!) it can be the best way to go.

4) “Find Free Entertainment”.  Besides books & magazines, libraries also offer movies that you can check out, as well as books, video games & newspapers. Most libraries also offer Internet acccess on their computers for your use. Local high schools, colleges, art centers, and community centers offer low-cost or free concerts & plays.

5) “Clip Coupons and Dig for Discounts”.  Let’s face it. The Recession made coupons cool! Look for deals at your favorite restaurants, your grocery store, drug store… the deals are there… use them!