Market Activity March 18-24, 2013

It was a busy week in real estate in Lake Oswego last week. We had 9 new listings, 27 pending sales, and 14 closed sales. The buyers are out there!

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

NEW SALES (Mar 18-24, 2013):

Address Type Price BR Bths SF
4 Touchstone Condo $115,000 2 2 984
5213 Rosewood St Detached $389,900 3 2.5 1934
580 2nd St Condo $397,500 2 1.5+.5 1464
15495 Tanager Dr Detached $410,000 4 2.5 2255
16168 Lake Forest Blvd Detached $449,900 4 3 2276
17125 Warren Ct Detached $489,900 4 2.5 2705
557 2nd St #205 Condo $680,000 2 2.5 1833
3480 Upper Dr Detached $749,000 3 2.5 2571
4190 Chad Dr Detached $749,500 4 3.5 3756
14393 Amberwood Circle Detached $820,000 5 3.5 3692

PENDING SALES (Mar 18-24, 2013)

Address Type Price BR Baths SF DOM
4620 Lower Dr Condo $75,000 2 1.5 1160 107
208 Ridgeway Rd Condo $135,500 1 1 778 13
12632 Boones Ferry Rd Detached $204,000 2 2 1652 13
5020 Lakeview Blvd Detached $239,900 3 2 1192 1
16232 Bonaire Ave Detached $279,900 4 2.5 1792 17
4610 Lamont Way Detached $330,000 3 2 1750 10
18959 Kristi Way Detached $350,000 3 2 1778 33
2550 Greentree Rd Detached $359,900 4 3 2852 160
2593 Greentree Rd Detached $359,900 4 3 2215 7
1621 Larch St Detached $375,000 3 2.5 3040 138
1288 Rockinghorse Ln Detached $382,500 3 2 1742 111
4471 Chapman Way Detached $395,000 3 3 1989 1
4917 Mulholland Dr Attached $420,000 2 2.5 2403 58
2010 Greentree Rd Detached $420,000 4 2.5 2330 4
5099 Galen St Detached $429,500 4 2.5 2246 3
14520 Rainbow Dr Detached $429,900 4 2 2405 5
14336 Camden Ln Detached $432,500 4 2.5 2398 2
323 3rd St Attached $469,900 3 3.5 1959 205
686 Sunnyhill Dr Detached $499,900 4 2.5 2392 64
5450 Bay Creek Dr Detached $525,000 4 2.5 2386 5
940 Upper Devon Ln Detached $549,900 4 3 4464 295
2491 Overlook Dr Detached $579,990 4 3 3250 173
13282 Boones Ferry Rd Detached $585,000 4 2.5 3267 262
5554 Luce Ln Detached $589,900 5 3 3234 27
4036 Melissa Dr Detached $592,000 4 3.5 3118 17
17937 Kelok Rd Detached $675,000 5 2 2466 21
2960 Wembley Park Rd Detached $695,000 4 2.5 2000 252

SOLD (Mar 18-24, 2013)

Address Type List Price Closed Price Sq Ft CDOM
26 Crestfield Ct Condo $84,900 $89,100 989 11
44 Eagle Crest Dr #18 Condo $128,000 $128,000 1085 43
222 Cervantes D Condo $182,963 $181,000 1464 13
1028 Spruce St Detached $215,000 $230,100 1,140 42
466 5th St #14 Condo $299,900 $269,000 1092 175
1041 Hemlock St Detached $319,000 $293,000 2623 170
1449 Greentree Circle Detached $345,000 $295,000 1696 139
762 Maple St Detached $479,000 $449,000 2417 28
17802 Treetop Ln Detached $595,000 $514,000 3655 370
2770 Wembley Park Rd Detached $615,000 $588,000 3375 122
5028 Woodcrest Ln Lt14 Detached $608,000 $608,000 3063 218
17980 Meadowlark Ln Detached $645,000 $630,000 3252 1
15150 Glen Eagles Ct Detached $799,000 $759,900 2839 22
18785 Westview Dr Detached $1,795,000 $1,400,000 5508 274

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 3/24/13

There will be 12 open houses in Lake Oswego this Sunday.  Enjoy.

Address Type Price Bedroom Bath Open
572 S State St Condo $149,921 2 1-Jan 1 to 4
18903 Terry Ave Detached $339,000 3 2 12 to 2
14423 Orchard Springs Rd Condo $379,900 3 2.5 1 to 4
5533 Fieldstone Ct Detached $599,500 4 2.5 1 to 3
18460 Ray Ridge Dr Detached $650,000 3 2.5 12 to 2
868 7th St Detached $699,900 4 3 12 to 2
2860 Upper Dr Detached $748,500 4 3.5 11 to 2
310 Iron Mountain Blvd Detached $1,100,000 4 2.5 3 to 5
112 Northshore Circle Detached $1,625,000 3 3.5 11 to 4
612 Ridgeway Rd Detached $2,299,000 4 3.5 12 to 2
17125 Warren Ct Detached $489,900 4 2.5 1 to 4
4102 Chad Dr Detached $658,800 4 2.5 1 to 4

Market Activity~March 11-17, 2013

It’s almost spring, and last week we saw 20 New properties entering the market, 24 go to Pending status, and 13 Selling in Lake Oswego.

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

NEW SALES (Mar 11-17, 2013):

Address List Price # Beds # Baths Total SF Prop Type
41 OSWEGO SMT $95,000 1 1 764 CONDO
3433 MCNARY PKWY #106 $124,900 2 2 1008 CONDO
45 EAGLE CREST DR #305 $132,500 2 1.1 1056 CONDO
4 TOUCHSTONE #152 $140,000 3 2.1 1351 CONDO
12868 BOONES FERRY RD $229,000 2 2.1 1136 ATTACHD
92 WHEATHERSTONE $250,000 3 3.1 2436 CONDO
14550 DORIS AVE $349,900 3 1.1 1474 DETACHD
2593 GREENTREE RD $359,900 4 3 2215 DETACHD
14520 RAINBOW DR $429,900 4 2 2405 DETACHD
24 BECKET ST $475,000 3 2.1 2527 DETACHD
4572 UPPER DR $492,488 2 2 1454 DETACHD
4007 BASS LN $517,900 4 3 2701 DETACHD
5450 BAY CREEK DR $525,000 4 2.1 2386 DETACHD
868 7TH ST $729,000 4 3 2690 DETACHD
1979 COUNTRY CLUB RD $750,000 5 5.1 4115 DETACHD
420 RIDGEWAY RD $975,000 2 2 2190 DETACHD
12700 FIELDING RD $1,175,000 3 3 3025 DETACHD
17618 CRESTLINE DR $1,450,000 4 3.2 4663 DETACHD
1745 SOUTHSHORE BLVD $1,898,000 4 4.1 5545 DETACHD
3730 MARQUIS CT $2,395,000 4 5.1 6039 DETACHD

PENDING SALES (Mar 11-17, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4620 LOWER DR $75,000 2 1.1 1160 CONDO 96
47 EAGLE CREST DR #13 $89,950 2 1 932 CONDO 5
284 CERVANTES CIR $104,500 2 2 1052 CONDO 33
750 1ST ST #D-24 $175,000 2 2 1350 CONDO 275
21 GREENRIDGE CT $260,000 3 1.1 1815 CONDO 141
67 N CONDOLEA TER $300,000 3 3 2373 CONDO 35
10 SUMMIT RIDGE CT $325,000 2 2.1 1642 ATTACHD 3
2542 ORCHARD HILL LN $339,500 3 2 1710 DETACHD 4
14414 ORCHARD SPRINGS RD $369,900 4 2.5 1890 DETACHD 5
979 DEVON LN $385,000 3 3.1 2162 DETACHD 243
29 PARTRIDGE LN $405,000 3 2.1 3109 DETACHD 228
4502 AUBURN LN $439,900 3 3.1 2732 ATTACHD 15
2227 HILLSIDE DR $495,000 4 3 3003 DETACHD 5
3763 TEMPEST DR $497,500 5 2.1 2805 DETACHD 39
16621 GRAEF CIR $499,500 3 1.1 2170 DETACHD 21
2830 PARK RD $524,900 3 3.1 3115 DETACHD 7
16792 QUAIL CT $548,950 3 2.1 3050 DETACHD 163
19226 MEGAN PL $549,500 3 2.1 3392 DETACHD 264
318 NORTHSHORE RD $575,000 3 2.1 2735 DETACHD 1
2088 LILLI LN $675,000 5 4 4101 DETACHD 16
1465 MORNING SKY CT $815,000 5 3.1 4678 DETACHD 160
17775 KELOK RD $868,950 4 2.1 2882 DETACHD 219
752 LAKE SHORE RD $1,379,000 3 3.1 3389 DETACHD 11
13068 KNAUS RD $1,450,000 5 5.3 6512 DETACHD 267

SOLD (Mar 11-17, 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
92 CERVANTES CIR #11-E $110,000 $99,250 2 1.1 912 CONDO 182
3787 LANEWOOD ST $249,000 $239,000 3 2 1300 DETACHD 275
16989 TUALATIN ST $319,900 $245,000 3 2.1 1491 DETACHD 610
15275 BOONES WAY $252,000 $252,000 2 2 1320 ATTACHD 3
6426 Frost ST $354,900 $331,499 4 3 2276 DETACHD 136
5675 CHILDS RD $369,900 $354,900 2 2.1 1644 DETACHD 99
17147 Warren CT $449,900 $450,000 4 2.1 2522 DETACHD 3
1021 YATES ST $500,000 $497,500 3 2.1 1985 DETACHD 12
837 C AVE $569,000 $530,000 3 2 2109 DETACHD 7
15655 FIELDSTONE DR $589,500 $584,500 4 2.1 2750 DETACHD 339
12424 ORCHARD HILL RD $625,000 $589,950 3 3 2889 DETACHD 167
5088 WOODCREST LN $629,900 $595,000 4 2.1 3056 DETACHD 199
5303 AMBERWOOD CT $810,000 $740,000 3 2.1 3274 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

Open Houses ~ March 17, 2013

There are 14 homes being held Open Sunday in Lake Oswego, according to RMLS. Here are some details to help you navigate, if you’re planning to get out there and hunt for “the one”.

Happy Hunting!
Here you go:

Address L/Price # Beds # Baths Total SF Prop Type OPEN
206 OSWEGO SMT $180,000 2 2 1506 CONDO 1-3PM
1118 OAK ST $285,000 3 1.1 1320 DETACHD 1-3PM
15205 BOONES WAY $309,900 3 2 1600 ATTACHD 1-3PM
2256 GLENMORRIE DR $315,000 3 2 1628 DETACHD 12-4PM
18903 TERRY AVE $359,000 3 2 1458 DETACHD 2:30-4:30PM
13901 SUNDELEAF DR $359,900 4 3 1900 DETACHD 12-2PM
5554 LUCE LN $589,900 5 3 3234 DETACHD 1-4PM
14136 HEATHROW LN $599,000 4 2.1 2955 DETACHD 2-4PM
5533 FIELDSTONE CT $599,500 4 2.1 3115 DETACHD 1-3PM
720 MAPLE ST $649,000 3 2.1 3966 DETACHD 1-3PM
18460 RAY RIDGE DR $650,000 3 2.1 3241 DETACHD 1-3PM
4102 CHAD DR $658,800 4 2.1 3054 DETACHD 1-4PM
2860 UPPER DR $748,500 4 3.1 3938 DETACHD 12-2PM
112 NORTHSHORE CIR $1,625,000 3 3.1 3632 DETACHD 11AM-4PM

News & Notes

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

According to the RMLS Market Action Report for the Portland Metro Area  February, 2013.

  • At 1,376, Closed Sales were the best since 2008!
  • There were 2,453 New Listings (virtually the same as January 2013, and an 1.6% decrease from Feb. 2012).
  • The Average Sale Price in February was $282,000. Comparing the average price of $278,600 during the last 12 months ending on Feb 28th 2013, with the same 12 month period ending Feb., 2012 of $263,300, there has been an increase of 5.8%
  • Pending Sales increased from January 2013 by 11.8% to 2,130.

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

    • 432 Active Listings
    • 140 New Listings
    • 112 Pending Sales
    • 74 Closed Sales
    • An average Sale Price of $451,900.
    • Average Time on the Market: 157 Days

Market Activity March 4-10, 1013

It is so great to finally be back to longer hours of daylight! It means spring, flowers, and warner weather is on it’s way, but it also gives us more time to look at houses!

Last week’s market activity in Lake Oswego brought 23 new listings, 11 pending sales, and 9 closed sales.
Here are further details regarding last week’s Market Activity:

NEW SALES (Mar 4-10, 2013):

Address Type Price BR Bths SF
208 Ridgeway Rd Condo $135,500 1 1 778
572 S State St Condo $149,921 2 1 914
12623 SW Boones Ferry Rd Detached $204,000 2 2 1652
5860 Lakeview Blvd Detached $239,000 3 1 1435
118 Oak St Detached $285,000 3 1.5 1320
18540 Kristi Way Detached $295,000 3 1.5 1254
15205 Boones Way Attached $309,900 3 2 1600
14414 Orchard Springs Rd Detached $369,900 4 2.5 1890
562 2nd St #10 Condo $385,000 2 2.5 1302
2227 Hillside Dr Detached $495,000 4 3 3003
13276 Deerfield Ct Detached $499,000 4 2.5 3066
1701 Highland Dr Detached $499,900 4 3 3126
2234 Fernwood Circle Detached $499,900 4 3 3000
2830 Park Rd Detached $524,900 3 3.5 3115
1950 Green Acres Ln Detached $525,000 4 2.5 2659
4036 Melissa Dr Detached $592,000 4 3.5 3200
3130 Westview Ct Detached $649,000 4 3.5 3900
18460 Ray Ridge Dr Detached $650,000 3 2.5 3241
5876 Ridgetop Ct Detached $719,900 4 2.5 3280
13639 Twin Creek Ln Detached $724,990 4 2.5 3202
12808 Elk Rock Rd Detached $949,000 4 3.5 3718
1667 Village Park Ln Detached $975,000 5 3.5 5027
752 Lake Shore Rd Detached $1,379,000 3 3.5 3389

PENDING SALES (Mar 4-10, 2013)

Address Type Price BR Baths SF DOM
16232 Bonaire Ave Detached $279,900 4 2.5 1792 3
3190 Duncan Dr Detached $314,900 3 2.5 2401 101
6024 Fernbrook Circle Detached $349,900 3 2 1470 14
13005 Princeton Ct Detached $399,500 3 2.5 2294 141
1670 Fircrest Dr Detached $410,000 4 3 2000 121
600 Maple St Detached $445,500 3 2.5 2416 121
3110 Royce Way Detached $460,000 4 2.5 2732 9
2464 Marylhaven Pl Detached $539,000 4 2.5 2898 36
5322 Langford Ln Detached $689,950 5 3.5 3242 2
2094 Summit Dr Detached $698,000 4 3.5 3510 156
831 Northshore Rd Detached $800,000 3 2.5 2113 348

SOLD (Mar 4-10, 2013)

Address Type List Price Closed Price Sq Ft CDOM
55 Oswego Summit Condo $78,888 $64,000 721 246
517 Laurel St Detached $359,900 $330,000 2834 10
921 G Ave Detached $420,000 $430,000 1527 4
2709 Orchard Hill Pl Detached $440,000 $440,100 2,098 6
4673 Lakeview Blvd Detached $500,000 $492,000 2061 5
2927 Tolkien Ln Detached $639,000 $535,000 2819 220
17694 Marylbrook Dr Detached $559,000 $550,000 2758 104
568 9th St Detached $838,950 $785,000 2825 759
1150 Fairway Rd Detached $3,795,000 $3,075,000 8724 122

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 3/10/13

It’s going to be a great weekend with 12 houses being held open on Sunday.  Enjoy!

Address Type Price Bedroom Bath Open
118 Oak St Detached $285,000 3 1-Jan 1 to 3
14414 Orchard Springs Rd Condo $369,900 4 2.5 1 to 4
4502 Auburn Ln Attached $439,900 3 3.5 1 to 4
1429 Greentree Circle Detached $459,500 4 2.5 1 to 4
4890 Sage Hen Circle Detached $484,900 4 2.5 1:30 to 3
2227 Hillside Dr Detached $495,000 4 3 2:30 to 4:30
16792 Quail Ct Detached $548,950 3 2.5 1 to 3
5533 Fieldstone Detached $599,500 4 2.5 1 to 3
3130 Westview Ct Detached $649,000 4 3.5 1 to 4
4102 Chad Dr Detached $672,000 4 2.5 1 to 4
1222 Glenmorrie Dr Detached $699,999 4 3 1 to 4
1667 Village Park Ln Detached $975,000 5 3.5 1 to 3

 

Featured Property

16232 Bonaire AveBonaire 002

I am super excited to introduce you to my new listing in the Lake Grove neighborhood of Lake Oswego.  Here are the stats:

Built in 1961 with a master suite addition that was added in 1985

4 bedrooms, 2.5 baths, the house has a greatroom floorplan and is 1792 square feet.

This house is all on 1 level.

Now here is the highlight and most outstanding feature:  this house sits on a HUGE lot that is 75′ wide and 262′ deep.  You have space, space, and more space.  There is even a horse shoe pit.  The lot is not dividable, but rather meant to be enjoyed as a wonderful yard.  It is fully fenced.

Bonaire 018

The price of $279,900 reflects the fact that this house needs work.  It still has the original kitchen and baths.  It has been a rental for over 20 years and it is just well worn.  There are still some single-pane windows, although the gas furnace is just 10 years old.

Let me know if you have questions or would like to make an appointment to see the interior.  I’d love to show you this home.

Dianne

 

Open Houses 2/24/13

This Sunday there are 20 scheduled open houses in Lake Oswego. Enjoy!

Address Type Price Bedrooms Baths Open
18 Crestfield Ct Attached $105,000 2 1 2 to 4
6024 Fernbrook Circle Detached $349,900 3 2 12 to 2
18903 Terry Ave Detached $379,000 3 2 2:30 to 4:30
13901 Sundeleaf Dr Detached $379,900 4 3 12 to 2
1621 Larch St Detached $380,000 3 2.5 12 to 2
332 4th St Attached $399,900 2 2.5 1 to 3
2215 Fernwood Circle Detached $414,500 4 3 1 to 3
2 Mozarteum Ct Detached $417,000 3 2.5 1 to 2:30
13906 Majestic Ct Detached $469,000 4 3.5 1 to 4
2302 Overlook Dr Detached $589,900 4 2.5 11 to 1
5533 Fieldstone Ct Detached $599,500 4 2.5 1 to 3
5711 Victoria Ct Detached $610,000 4 2.5 1 to 3
720 Maple St Detached $649,000 3 2.5 1 to 3
1579 Bay View Ln Detached $659,698 4 3 1 to 3
4102 Chad Dr Detached $672,000 4 2.5 1 to 3
1985 Country Club Rd Detached $699,999 5 4 1 to 4
831 Northshore Rd Detached $800,000 3 2.5 1 to 4
112 Northshore Circle Detached $1,650,000 3 3.5 11 to 4
1677 Leslie Ln Detached $1,840,000 4 6.5 12 to 2

Lake Easements

easement_map

When buying a home in Lake Oswego, you’ll often see mention of easements as a feature of the property. Just what is an easement? Don’t all of the houses in Lake Oswego have easements?

The history of the lake easements go back many years. There was a time, in the early development of neighborhoods in Lake Oswego, when vacant lots were available for purchase on the lake. Developers of neighborhoods would buy a lot and deed it to the entire neighborhood. These “easements” are part of the recorded deeds for these homes and primarily consist of homes built between 1920 and 1970. By the time that the newer neighborhoods were being developed, houses from about 1970 and newer, there were no longer vacant lots on the lake and so easements were no longer being created. So, no, not all houses in Lake Oswego have easements. Having an easement is a special feature of the home that does enhance its desirability to buyers.

What I am discussing here are lake easements, and not the swim parks. Lake Oswego has two swim parks. One on Lakeview Blvd that is operated by the school district, and one on Ridgeway that is operated by Lake Oswego Parks and Recreation.

The lake easements have a variety of amenities. Most have a lawn area with tables for picnics. Some have boat slips and canoe racks. One has a huge enclosure in the middle of which is water trampoline. There is a good deal of variety.

There is usually a waiting list for a boat slip. Space on canoe racks is usually available at the start of the summer season.

Some homes have deeded easements privileges at more than one easement. If you are considering buying a house that has an easement, visit all of them that you may have access to and find the one you like best.

Each easement is managed by its own by laws and a volunteer board of directors. There is a designated person on the board who manages the access. If you have easement rights, contact the appropriate person on the board, pay the annual fee, and obtain a key to the entry of the easement.

If you would like to find out of a particular property has easement privileges, call the Lake Corporation at 503-636-1422.

For specific information about the easements and who to contact to activate use of an easement click here.

It may still be February, but sun and enjoyment of the lake is just around the corner.
Dianne