Market Activity Dec 20, 2021-Jan 2, 2022

The winter break is such a breath of fresh air. We all get to slow down a bit and enjoy our home hearth with our family and our friends. Thank you all for being readers of the blotter, and for allowing Linda and I to take a break for a couple of weeks. But now we are back at it. The market is healthy and strong and we are gearing up for the late winter and spring housing market.

I don’t think that there has ever been a better time to put a house on the market. Truly, list now if you are planning to sell. The inventory is very, very low. The Federal Reserve has announced that they intend to impliement several interest rate increases in the coming year and there are hordes of buyers wanting to buy before that happens. This is a GREAT time to list a house!

Looking at the numbers in real estate for Lake Oswego in the last two weeks we saw just 3 new listings, 10 houses go into pending status, and 25 sold/closed properties.

See below for more RMLS data.

New Listings Dec 20, 2021-Jan 2, 2022

AddressTypePriceBRBathsSq Ft
45 Eagle Crest Dr #311Condo$285,000221046
1247 Cedar StDetached$550,000322022
302 Laurel StDetached$679,000321907

Pending Dec 20, 2021-Jan 2, 2022

AddressTypePriceBRBathsSq FtCDOM
572 S State St 8CCondo$319,9002191447
4000 Carman Dr #92Condo$349,0002299912
16191 Lake Forest BlvdDetached$500,0003186414
6317 Carman DrDetached$599,00031.5134478
4966 Galen StDetached$600,0003216995
2320 Glen Haven RdDetached$649,00031.513461
52 Northview CtAttached$649,90032.5219854
6472 Dawn StDetached$650,000321032110
1118 Oak StDetached$650,00031.5132012
115 Touchstone TerrAttached$670,00043.5256079

Sold/Closed Dec 20, 2021-Jan 2, 2022

AddressTypeList PriceSold PriceSq FeetDOM
9 Oswego SummitCondo$218,000$218,0007646
44 Eagle Crest DR #36Condo$250,000$248,5009033
4000 Carman Dr G108Condo$249,000$271,5007673
59 Oswego SummitCondo$295,000$295,00011402
7155 Childs RdCondo$278,000$300,0009164
86 Kingsgate Rd E103Condo$355,000$355,00092466
17347 Ashley CtAttached$650,000$645,946211734
16989 Tualatin StDetached$690,000$650,000149150
4104 Lakeview BlvdDetached$849,000$722,000224487
13470 Peters RdAttached$799,500$827,00023244
1407 Greentree CircleDetached$835,000$876,00022013
4080 Coltsfoot LnDetached$899,900$884,900288411
365 3rd StAttached$899,000$910,00021543
17288 Blue Heron RdDetached$1,775,000$1,050,0004128405
755 Ellis AveDetached$829,000$1,100,00022485
3777 Rivers Edge DrDetached$1,095,000$1,100,00028756
18168 Westminster DrDetached$1,099,000$1,150,00042205
14405 Pfeifer DrDetached$1,250,000$1,250,00038534
828 7th StDetached$1,250,000$1,400,00024184
1300 Tyndall CtDetached$1,299,950$1,400,88824184
5918 Seville AveDetached$1,289,800$1,405,345177624
2245 Glen Haven RdDetached$1,950,000$1,950,00038309
637 Englewood DrDetached$2,825,000$2,695,000423119
2101 Wembley Park RdDetached$2,750,000$2,700,000471019
1101 Crestline CtDetached$3,695,000$2,775,0007226415

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

Notary Services at the Library

Did you know that the Lake Oswego Library offers free notary services the first and third Saturdays of each month? It does, including today. Volunteers provide the notary as a community service. It’s free.

The library is located at 706 4th St in First Addition. For more information click here.

I’ll have the market activity report up shortly. Thank you for your patience.

Dianne

Choosing a Home Inspector

There is a tendancy to shop for good value. It’s bread into us by the reality that making our dollars go further enhances our ability to invest and plan for the future. This is a good trait in people, but when it comes to home inspectors, you really do get what you pay for.

You can get a home inspection done for around $300-$400. The inspectors that I recommend charge twice that. So what’s the difference? Time, my friend. The difference is time.

The good inspectors book 1 or 2 inspections a day. The cheap inspectors book 3-4 a day. This means that in saving money you are probably hiring someone who is checking their watch and thinking that they need time to drive to the next appointment to get there on time.

You just don’t know what is going to turn up in a home inspection. Your inspector needs time to dwell on details and figure the house out. The two companies I recommend most highly are Associated Master Inspectors and Inspectek West. Both have mulitiple employees and anyone of them is terrific. In addition, AMI maintains a contractor list that is long and well vetted. Painters, asbestos abatement, electricians, you name it, they have it. For the AMI contractor list click here.

I want to assure you that I am not in kahoots with either company. I have attended many, many home inspections. I know what a good inspection looks like. In my entire career, I’ve never had a client come back to me after the sale with a horror story of something missed in the home inspection.

I also had a client a few years ago that was certain that I must be recommending people who would go easy on the house so that the sale would be more likely to happen. She hired an inspector who inspected the roof from the driveway. He did not even walk on the roof.

I want my clients to know what they are buying. If something so bad turns up that makes them change their mind about buying the house, I am happy it happened early in the process and that they didn’t buy a problem.

As always, thanks for reading the blotter,

Dianne

Market Activity Dec 6-12, 2021

While a bit slower than the market when we are not in the Holiday Season, real estate continues to chug along. Last week in Lake Oswego there were 8 new listings, 17 pending sales, and 13 sold/closed transactions. That is strong activity for this time of year.

See below for RMLS data.

New on the Market Dec 6-12, 2021

AddressTypePriceBRBathsSq Ft
4000 Carman Dr #92Condo$349,00022999
16250 Pacific Hwy #75Condo$355,000321593
200 Burnham Rd #206Condo$358,000211199
4 Preakness CtAttached$550,000321985
8 Pheasant RunDetached$649,95042.51845
1720 Kilkenny DrDetached$685,00032.51348
17617 Sydni CtCondo$799,90052.52634
18000 Sarah Hill LnDetached$1,999,90042.53280

Pending Sales Dec 6-12, 2021

AddressTypePriceBRBathsSq FtCDOM
100 Kerr Pkwy #19Condo$170,0001161752
100 Kerr Pkwy #51Condo$179,000116177
58 Galen StCondo$209,9002168925
9 Oswego SummitCondo$218,000117646
44 Eagle Crest Dr #36Condo$250,000219033
4000 Carman Dr #81Condo$289,0002211294
86 Kingsgate Rd E-203Condo$325,000229243
4429 Thunder Vista LnCondo$459,90022.52002111
1455 Hallinan StDetached$639,90032.513255
52 Northview CtAttached$649,90032.521983
17347 Ashley CtAttached$650,00042.5211734
13470 Peters RdAttached$799,50022.523244
5756 Ridgetop CtDetached$935,0004331625
1011 Spruce StDetached$1,049,00032.521014
425 Kenwood RdDetached$1,090,00032.535276
1500 Morning Sky CtDetached$1,148,00053.54402107
1155 Crestline CtDetached$1,995,000`54.5743873

Sold/Closed Dec 6-12, 2021

AddressTypeList PriceSold PriceSq FeetDOM
4 Touchstone #78Condo$224,999$212,000135130
324 Cervantes CircleCondo$229,000$241,0008323
204 Cervantes CircleCondo$305,000$332,00011383
5077 W Sunset DrAttached$500,000$500,000172047
4301 Lakeview BlvdDetached$635,000$617,0001,22319
1335 Laurel StDetached$850,000$699,000189862
3225 Tempest DrDetached$799,000$800,000223112
3795 Tempest DrDetached$815,000$860,000275319
6810 Childs RdDetached$950,000$935,00032822
14145 Redwood CtDetached$825,000$975,00025195
18 TouchstoneDetached$998,000$1,055,000437818
17561 Lake Haven DrDetached$500,000$1,720,00038790
456 Lake Bay CtDetached$1,600,000$1,725,00023932

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.

Tinseltown Trolley

The Lake Oswego Trolley is a favorite of mine. The trolley runs from State Street, along the Willamette River to the South waterfront in Portland. It’s a blast! One year, I packed a picnic and took my Mom for a trolley ride for her birthday.

The scenery is lovely. It meanders along through Dunthorpe ( a gorgeous neighborhood!) and has expansive views of the river. There is also a long tunnel that is pitch dark inside, except for the lights of the trolley.

This year the trolley is offering a Tinseltown experience. The event is December 10, 11, and 12. Departure times vary with 3 rides on Friday the 10th, 6 on Saturday the 11th. and 6 on Sunday the 12th. The cost is $20 for adults and $17 for youth (0-17). The trolley is decorated for the season and there is a special guest on board from the North Pole. For more details, click here.

What a fun holiday event for everyone!

Seasons greetings, and, as always, thanks for reading the blotter.

Dianne

Market Activity Nov 20-26, 2021

Real estate took a back seat to Thanksgiving last week with only 4 new listings, 13 pending sales and 8 closed/sold properties.

See below for RMLS details.

New on the Market Nov 20-26, 2021

AddressTypePriceBRBathsSq Ft
4083 Jefferson PkwyCondo$366,900221202
871 Country Club RdDetached$625,00031.51449
4080 Coltsfoot LnDetached$899,90042.52884
312 9th StDetached$1,650,00032.52686

Pending Sales Nov 20-26, 2021

AddressTypePriceBRBathsSq FtCDOM
156 Ridgeway RdCondo$429,00032.51758174
5077 W Sunset DrAttached$500,00022.5172047
5020 Jean RdDetached$599,0003218373
16989 Tualatin StDetached$650,00032.5149129
1407 Greentree CircleDetached$835,00042.522013
5431 Bonita RdDetached$859,00043278415
4939 Hampton CtDetached$875,00042.5297162
365 3rd StAttached$899,00033.521543
770 5th StDetached$975,00033.531805
17288 Blue Heron RdDetached$1,200,00042.54128405
14405 Pfeifer DrDetached$1,250,0005338534
1300 Tyndall CtDetached$1,299,95054.538667
4247 Lords LnDetached$2,275,00043.5378557

Sold/Closed Nov 20-26, 2021

AddressTypeList PriceSold PriceSq FeetDOM
5051 Foothills Dr DCondo$340,000$330,39599114
3433 McNary Pkwy #804Condo$329,000$337,00011363
239 CervantesCondo$399,000$367,500110048
14798 Davis LnAttached$590,000$595,10016983
32 Aquinas StDetached$600,000$657,0101,5962
18470 Ray Ridge DrDetached$1,350,000$1,295,0004329136
18939 Palisades Lake CtDetached$1,499,000$1,535,000457034

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.

Worshipping options in and near Lake Oswego

I once worked with a family who was being transferred from another part of the country. One of the first questions that I was asked was, does it matter what church you belong to? It was the one and only time that I’ve ever gotten that question. And it’s a fair question.

My answer was then, and still is today, no. There is no social pressure to be affliated with an organized faith group. However, there are quite a few worship options should you be inclined to want to join one.

Lake Oswego has 25 christian churches, including a Mormon Temple. There is also a Jewish Synagogue. 2 miles South of Lake Oswego is the Cambodian Buddhist Society. Within 5 miles of Lake Oswego there is a Hindu Temple and 3 more Jewish Synagogues.

I hope you find this information helpful, and, as always, thank you for reading the blotter.

Dianne

Fill a Stocking

For more than 20 years the City of Lake Oswego has participated in Fill a Stocking. This is a county-wide event and the premise is easy.

Christmas stocking and toys over rustic wooden background

A large group of volunteers hand makes stockings that are available at City Hall. Simply drop by 380 A Avenue to collect a stocking. Then fill it up with much-needed items and special gifts. Then return it to City Hall once it is filled. These stockings are distrubuted throughout Clackamas County and are given to families, seniors, teens, and the homeless. For many, it is the only holiday gift that they will receive.

The city is also accepting donations of coats, gloves, food, and new unwrapped toys. For additional information, please call the Public Information Office at 503-635-0257.

I know it is not yet Christmas or Hanukkah, but if you are like me, you’re a planner. The holidays are hectic and I like to get ahead with some proper prior planning.

Thank you for helping those in need,

Dianne

Market Activity Report Oct 25-31, 2021

Last week in Lake Oswego we had 6 new listings, 16, pending sales, and 23 sold/closed transactions. I feel that the day after Halloween is the start of the holiday season. Houses still go onto the market, and buyers continue to pursue buying homes, it’s just at a slower scale.

See below for RMLS data

Market Activity Oct 25-31, 2021

AddressTypePriceBRBathsSq Ft
3225 Tempest DrDetached$799,000322231
17912 Kelok RdDetached$1,650,000533218
3220 South Shore BlvdAttached$1,850,000443629
637 Englewood DrDetached$2,825,00073.54231
13078 Fielding RdDetached$3,498,000433936
18015 Cardinal DrDetached$3,749,00043.5+.53881

Pending sales Oct 25-31, 2021

AddressTypePriceBRBathsSq FtCDOM
14798 Davis LnAttached$590,00022.516983
7 Saint Helens CircleDetached$599,0002212753
17226 Marjorie AveDetached$684,9003217823
1648 Ash StDetached$725,00032187743
4322 Collins WayDetached$760,00053211214
12751 Sierra Vista DrDetached$799,9003220974
2227 Hillside DrDetached$849,0004330035
17555 Erin CtDetached$949,00043315617
5287 Sunset DrDetached$985,0004329094
18 TouchstoneDetached$1,050,00054.5437818
17226 Lowenberg TerraceDetached$1,775,00053.5+.535968
567 10th StDetached$1,785,00043.547065
17301 Bergis Farm DrDetached$1,999,00043.54737188
16737 Pacific HwyDetached$2,195,000444340132
2101 Wembley Park RdDetached$2,750,00054.547104
4105 Upper DrDetached$3,250,00053.549674

Sold/Closed Oct 25-31, 2021

AddressTypeList PriceSold PriceSq FtCDOM
4 Touchstone #137Condo$208,500$203,5009844
108 Oswego SummitCondo$199,900$218,50076445
44 Eagle Crest Dr #20Condo$230,000$220,00090856
15938 Quarry Rd 3ACondo$259,900$263,0009884
53 Galen StCondo$264,900$264,90098925
86 Kingsgate Rd A101Condo$265,000$265,0008497
5225 Jean Rd #203Condo$359,900$350,0001400117
3101 McNary Pksy #6Attached$415,000$395,000188425
14 Wheatherstone #7Condo$499,900$500,00016922
29 Greentree CtCondo$575,000$605,00016271
1704 Meadows DrDetached$750,000$775,0001,9564
4377 Chapman WayDetached$729,000$815,00029506
4830 Dawn StDetached$825,000$825,00030905
5480 Siletz CtDetached$749,000$835,00014902
102 Garibaldi StDetached$849,000$880,00037247
5923 Bay Point DrDetached$925,000$892,500318742
3001 Southshore BlvdDetached$1,298,000$1,060,000320155
14527 Pfeifer WayDetached$1,250,000$1,250,000380314
3973 Childs RdDetached$1,250,000$1,295,25038612
118 Cornell CtDetached$1,399,000$1,296,90046634
3000 Upper DrDetached$1,000,000$1,390,00028514
791 Briercliff LnDetached$1,685,000$1,575,0002232146
13598 Goodall RdDetached$1,989,000$1,700,0003573151

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.

Oswego Lake

In the heart of Lake Oswego is Oswego Lake. I decided that today I’d focus on the homes that are actually on the lake. I’m going to share with you a bit of what I have learned over the years.

When I got my real estate license in 1987, one of my very first clients was my former boss, and he bought a home on the lake. Over the years I’ve had the pleasure of working with both buyers and sellers who were involved with properties on Oswego Lake. I’ve learned a bit about the types of housing and the various waterfront options.

There are actually 3 different waterfront options. There is the lake itself. Oswego Lake is a natural body of water that was enlarged by development. The most valuable homes are on the lake itself. Then there are 2 “bays”. The bays are extensions of the lake, but not on the lake itself. There is one at the East end of the lake, Lakewood Bay, and one at the West end of the lake, Westbay. The bays have slightly less value than the main lake, but not by much. Then there are the canals. One of the canals is natural and it is where the water comes into the lake from the Tualatin River. There are two more canals, one at Kelok and one at Blue Heron. The canals are the least expensive of the waterfront homes.

I will also mention that on the main lake, the Northside tends to have higher values than the Southside. This is because the sun exposure is better on the Northside, and the sunlight directly benefits the waterfront exposure. There are a couple of streets on the Southside that pretty much don’t get sun exposure at all.

In the last 12 months 47 lake front properties have sold. The least expensive was in the condominiums “Villas on the Lake”. It was 1 bedroom, 1 bath, and 636 square feet. It sold for $215,000. These condominiums share a community dock and several of them have boat slips. The most expensive home that sold on the lake was a 6675 square foot home with 4 bedrooms and 5.5 bathrooms. With a gated entry and 100 feet of lake front, it sold for $6,175,000.

I think that the condominiums are a bit on an annomoly because most of the lake front properties are just so much more expensive. The average sales price is $2,388,000.

I hope you’ve enjoyed this over view. Please let Linda or I know if you have any questions or are interested in learning more.

Dianne