In all of the years that I have been writing this blog, I’ve had a dirty little secret. I’ve been driving into Portland to the SW Community Center at Gabriel Park to swim. I don’t swim daily, or even monthly, but when I am in the swimming mood, I love it. I was an aqua-aerobics instructor for about 8 years and I once taught swimming to small children. So being in a pool is something that I really enjoy.
When I moved to Lake Oswego in 1998 I tried to use the pool at Lake Oswego High School. I really did try. But the pool is old and dingy. There is not enough chlorine in the world to make the water look inviting. It’s also just a lap pool, built to benefit the school’s swim team. This also meant that the public use hours were very limited.
The new pool will be part of a large (60,000 square feet) aquatics and recreation facility. It will be located adjacent the the Municipal Golf Course at the corner of Overlook and Stafford Roads. Construction is scheduled to begin in the spring of 2022.
Amenities will include:
A competition pool with spectator seating for 300 people
A lap pool
A recreation pool
A spa
A basketball court
A weight room with cardio equipment
2 multi-purpose rooms for classes and group excercise
Locker rooms
Yep, I’m pretty stoked. The one thing that this town has been missing is being rectified and I am really excited. See you at the pool!
A bit of trivia about the Property Blotter. Linda and I started our blog many years ago. Blogging was new to real estate and we had the good fortune of working with someone who was in the know about how to do it. Ron Ares, the son of our principal broker was a new agent who was interviewed by the New York Times because of the blog he had for Portland real estate. I was like “What?!” At that point I had a couple of decades in the business and realized that the power of the blog was pretty incredible for the recognition that Ron got as a result of his efforts. So Linda and I were on board.
Then it was time to choose a name. We knew we wanted to have a name that was uniquely LO. We brainstormed lots of options and came up with the Property Blotter. The name comes from the Police Blotter that was published weekly in the Lake Oswego Review. The Lake Oswego Police have 100% response policy. If you call them, they show up. The police calls are then reported in the local newspaper. What they respond to can be pretty funny. So the local blotter has been a source of local entertainment for many years.
Here is a sampling of what was reported in the August 12th edition of the LO Review:
7/31 9:43 A.M.
A dead squirrel was seen near the 18400 block of Deerbrush Avenue
7/31 12:54 P.M.
A man was seen laying sideways on a step near Boones Ferry Road and Kruse Way Place
7/31 1:19 P.M.
A caller believed someone was selling dogs our of cages in a truck near the 40 block of McNary Parkway. It turned out to be a part of an adoption program.
7/31 9:34 P.M.
Someone was seen walking in the middle of the street near SW Lesser Road and Jefferson Parkway
8/1 7:00 P. M.
A resident said she was being followed by two people at a store near the 90 block of B Avenue. Police made sure she got home safely. (I love this one. Who doesn’t want a police escort if you feel unsafe?)
8/2 12:55 A.M.
Intermittent “constuction-type noises” were heard near the 1000 block of Westward Ho Road
As you can see, it can be amusing. There is actually a book that was written about the blotter. It’s a good read that I highly recommend.
I feel very fortunate to live in a community with relatively low crime and whose police department is 100% there to serve and protect. It’s one of the many things I value in my community.
This is the time of year, as school starts, when the market typically starts to let off the gas a bit. I just don’t see that happening. Last week in LO we had 10 new listings, 32 properties (!) move into pending status, and 32 closed/sold. We are winding down the summer in an all steam ahead fashion.
See below for RMLS data.
New Listings Aug 30-Sept 5, 2021
Address
Type
Price
BR
Baths
Sq Ft
4 Touchstone #157
Condo
$224,900
2
2
984
200 Burnham Rd #402
Condo
$355,000
2
2
1305
750 1st St E27
Condo
$615,900
2
2
1350
6472 Dawn St
Detached
$695,000
3
2
1032
4848 Lower Dr
Detached
$822,000
4
3
2531
658 Boca Ratan Dr
Detached
$967,000
4
3.5
3593
17001 Westview Dr
Detached
$968,500
3
2
2005
16164 Parker Rd #1
Detached
$1,395,000
5
4
3257
548 4th St
Attached
$1,524,900
3
4.5
3186
1913 Cheryl Ct
Detached
$1,895,000
4
4.5
5341
Pending Sales Aug 30-Sept 5, 2021
Address
Type
Price
BR
Baths
Sq Ft
CDOM
100 Kerr Pkwy #31
Condo
$185,000
1
1
617
5
100 Kerr Pkwy #43
Condo
$214,900
2
2
823
41
96 Cervantes Circle
Condo
$230,000
2
1.5
912
7
36 Crestfield Ct
Condo
$279,900
2
1
921
3
4000 Carman Dr E70
Condo
$299,900
2
2
974
3
4652 Lower Dr
Condo
$350,000
2
1.5
1170
4
5101 Jean Rd
Condo
$475,000
3
1
1012
5
16691 Bonaire Ave
Detached
$499,900
3
1
1110
3
4528 Lower Dr
Condo
$525,000
3
2.5
1786
9
8 Bolivar St
Detached
$640,000
2
2
2149
2
16 Walking Woods Dr
Detached
$649,000
3
2.5
2897
11
14 Preakness Ct
Attached
$669,000
2
2.5
2190
6
3065 Royce Way
Detached
$750,000
4
2.5
2726
46
15509 Partridge Dr
Detached
$789,900
4
3
2299
3
4545 Black Forest Ct
Detached
$799,000
4
2.5
2168
2
759 Timberline Dr
Detached
$835,000
4
3
2928
70
19431 Kokanee Ct
Detached
$849,900
4
2.5
2214
4
17994 Saint Clair Dr
Detached
$900,000
5
2.5
3916
3
920 York Rd
Detached
$985,000
4
3
2026
2
2936 SW Orchard Hill Pl
Detached
$989,000
4
2.5
4089
61
4261 Cobb Way
Detached
$1,089,000
4
3
2362
1
13536 Streamside Dr
Detached
$1,150,000
4
3.5
3033
7
15776 Inverurie Rd
Detached
$1,299,000
3
2
2352
49
14495 Pfeifer Dr
Detached
$1,299,900
4
3
3944
21
1687 Village Park Ln
Detached
$1,399,000
4
3
3362
74
4721 Firwood Rd
Detached
$1,425,000
4
3
3236
0
4531 West Rd
Detached
$1,429,000
3
3.5
3926
54
16650 Fir Ln
Detached
$1,898,000
4
3.5
3860
8
940 Upper Devon Ln
Detached
$1,945,000
4
3.5
4848
59
929 Cumberland Rd
Detached
$2,495,000
5
6.5
5129
3
1199 Fairway Rd
Detached
$3,498,000
4
4.5+.5
5527
33
259 Pine Valley Rd
Detached
$4,000,000
4
4.5
4640
0
Sold/Closed Aug 30-Sept 5, 2021
Address
Type
List Price
Sold Price
Sq Ft
CDOM
4 Toushstone #69
Condo
$220,000
$220,000
1351
33
3433 McNary Pkwy #302
Condo
$285,000
$265,000
1,208
12
5058 Foothills Dr A
Condo
$420,000
$418,000
1252
8
1 Peacock Pl
Detached
$529,000
$500,000
1336
30
17500 Pilkington Rd
Detached
$460,000
$500,000
1050
8
17 Aquinas St
Detached
$599,900
$660,000
2139
6
13198 Peters Rd
Detached
$695,000
$677,750
2630
29
605 7th St
Detached
$775,000
$750,000
2035
3
4 Sherwood Ct
Detached
$825,000
$757,000
2870
16
16901 Lakeridge Dr
Detached
$724,000
$762,500
2080
3
1033 Spruce ST
Detached
$765,000
$775,000
1,663
4
18260 Indian Creek Dr
Detached
$759,000
$790,000
2082
11
17730 Marylbrook Dr
Detached
$850,000
$840,000
2951
14
17211 Robb Pl
Detached
$790,000
$840,000
2085
5
491 Country Club Rd
Detached
$865,000
$850,000
2486
97
14121 Redwood Ct
Detached
$696,900
$867,500
2827
24
4987 Bilford Ln
Detached
$799,900
$890,000
2302
5
19531 River Run Dr
Detached
$899,900
$975,000
2440
5
13060 SW Elk Rock Rd
Detached
$1,178,000
$1,100,000
3681
9
13207 Deerfield Ct
Detached
$1,175,000
$1,125,000
3801
35
17543 Lake Haven Dr
Detached
$1,185,000
$1,125,000
2333
9
12730 Adrian Ct
Detached
$1,295,000
$1,178,000
3014
24
5428 Royal Oaks Dr
Detached
$1,200,000
$1,200,000
4994
7
151 3rd St #1
Condo
$1,499,000
$1,475,000
3278
37
2805 Southshore Blvd
Detached
$1,300,000
$1,553,050
2623
3
3155 Upper Dr
Detached
$1,599,900
$1,720,000
3297
1
2165 Ridge Point Dr
Detached
$2,100,000
$1,828,000
4749
29
2572 Glen Eagles Pl
Detached
$2,595,000
$2,300,000
6532
107
18000 Eastridge Ln
Detached
$2,495,000
$2,495,000
5610
6
17575 S Crestline Dr
Detached
$3,500,000
$2,925,000
7496
48
3328 Lakeview Blvd
Detached
$6,398,000
$6,175,000
6675
18
4210 Virginia Way
Detached
$1,549,000
$1,365,000
3508
58
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.
The City of Lake Oswego is starting a brand new program to help residents learn to live a more sustainable life by reducing their carbon footprint, engaging as good citizens, and recycling. At www.lakeoswego.city/ecohomelo you can sign up to partcipate and learn details of the program.
The program is administered on line. You’ll find check lists that address:
Reduce Reuse and Recycle
Energy Conservation
Water Conservation
Transportation
Social Equity
Ecological Conservation
Civic Engagement
Emergency Preparedness
Construction & Renovation
Apartments and Rental Housing
& Encouraging Others to Participate
Upon accomplishng a preset number of goals, the house will be awarded a lawn sign that states that it is an EcoHome.
I suspect that we will start to see these signs popping up in our neighborhoods, and now you know what they are all about. I also think it’s a terrific program because of what it encourages, but also because it is so comprehensive.
As you saw from last week’s post that Linda wrote, she and I attended the Street of Dreams. Running until August 22nd, it is currently happening in Happy Valley on the East side of the metro area.
When I go through the street of dreams, I like to look for trends. What we see at the Street of Dreams, we also start to see in new construction and in remodeling.
This year’s event was entirely different because they have two locations. On location has million dollar homes and high-end finishes. The other location has homes that are $500,000 to the low $600’s. The trends I am going to talk about here are from the more expensive houses.
Beamed ceilings
I’ve always liked the look of beamed ceilings. They just make a house feel more substantial. I did find my self questioning how structural they actually are. Or if they are simply decorative. In any case, I like this trend.
Outdoor living areas
The outdoor living areas in the 3 expensive houses are just gorgeous. I feel like every home, even condos and apartments, should have nice outdoor spaces to relax and socialize. All of the areas on these homes had fireplaces, plenty of room for seating, and usually kitchen equipment like BBQs, sinks, and refrigerators. They are lovely.
Lots of gray and white
The gray is a deep, dark, gun-metal shade. It was painted over entire rooms, used for kitchen cabinets, and for built-ins. It’s a classic shade. It goes well with pops of color of pretty much any shade that you like, but it is mostly paired with white. I feel like this is a color that you could live with and enjoy for many, many years. While being a trend, it’s a timeless one.
Chunky light fixtures
The last Street of Dreams I attended, in 2019, the light fixtures were also a stand out. At that event they seemed very stream-lined and modern looking. At this year’s event, they’re just the opposite. I’m not so sure I like this trend. Frankly, the fixture posted here looks like a fire hazard.
The housing village
I actually think that this was my favorite part of the show. Made with at least 2, and possibly 3, shipping containers, it just looks like a brilliant solution for our housing shortage. The main container has a very nice bathroom, kitchen, dining area, and small living room. This structure also had 2 bedrooms. Then a second structure, that is clearly a full shipping container, had 3 bedrooms, each with it’s own entrance. Having your own bedroom/living space allows some autonomy. I don’t know the cost of contruction, but I imagine it’s substantially less than traditional construction. Brilliant.
Pleasant Valley Village
The 3 houses featured at the second location are much more affordable. Priced in the 500 and 600 thousand range, these houses will sell quickly. I really like the idea of having the two price ranges. It is the Street of Dreams, and for nearly everyone, the dream is of owning a home. While the expensive homes are fun to look at, they are way outside of most people’s budgets. So having some affordable homes is a great idea. Having said that, I do wish there had been more than one builder represented. The 3 houses that are on the tour are all built by Holt Homes. They are essentially the model homes for a new subdivision. It felt a bit like just one huge advertisement for this builder.
I hope you have the ability to check out this year’s street of dreams. For more information, click here.
The market in LO is still red hot. A few weeks ago, right around July 4th, it felt like it may have slowed down a tad. Last weeks rush of new listings (20), pending sales (36!), and sold/closed properties (29) has proved that tad of a slow down was just July 4th distractions.
See below for RMLS data.
New Listings Aug 2-8, 2021
Address
Type
Price
BR
Baths
Sq Ft
4 Touchstone #74
Condo
$235,000
3
2.5
1351
3433 McNary Pkwy #302
Condo
$285,000
2
2.5
1208
239 Cervantes
Condo
$399,000
2
2
1208
12848 Boones Ferry Rd
Condo
$425,000
2
2.5
1182
12826 Boones Ferry Rd
Condo
$445,000
2
2.5
1182
1700 Bonniebrae Dr
Attached
$469,698
3
3
1739
41 Oriole Ln
Detached
$500,000
2
2
1564
17830 Tualata Ave
Detached
$595,000
3
2
1373
17 Aquinas St
Detached
$599,900
3
2
2139
19 Da Vinci St
Detached
$650,000
3
2
1874
13366 Auburn Ct
Attached
$750,000
3
2.5
2492
16904 Cherry Crest Ave
Detached
$759,000
3
2
2167
1405 Greentree Circle
Detached
$775,000
4
2.5
2146
48 Spinosa
Detached
$799,900
4
3.5
2848
16750 Phantom Bluff Ct
Detached
$899,000
3
3
2267
5590 Luce Ln
Detached
$995,000
5
4
3530
3001 Southshore Blvd
Detached
$1,298,000
3
2.5
3201
2950 Greentree Rd
Detached
$1,495,000
4
3.5
3691
1051 Forest Meadows Way
Detached
$4,149,000
4
3.5
3691
12790 S Fielding Rd
Detached
$5,600,000
6
7.5
9124
Pending sales Aug 2-8, 2021
Address
Type
Price
BR
Baths
Sq Ft
CDOM
4 Touchstone #62
Condo
$204,950
3
2.5
1351
46
4 Cervantes Circle
Condo
$240,000
2
1.5
912
47
12 Cervantes Circle
Condo
$250,000
2
1.5
912
3
3886 Botticelli St
Condo
$315,000
2
1.5
1132
4
482 S State St 3B
Condo
$374,000
2
1
1659
65
1 Peacock Pl
Detached
$509,000
3
2.5
1336
30
4980 Galen St
Attached
$589,000
2
2.5
1552
28
4241 Cobb Way
Detached
$599,950
3
2
1484
8
1672 Highland Dr
Detached
$699,900
4
2
1867
4
1620 Ash St
Detached
$720,000
3
2
2225
4
12 Morningview Ln
Attached
$730,000
3
2.5
2718
4
49 Da Vinci St
Detached
$739,000
3
2
2351
26
5466 Bay Creek Dr
Detached
$789,000
3
3
2535
4
4 Sherwood Ct
Detached
$795,000
4
2.5
2870
16
1580 Woodland Ter
Detached
$835,000
3
2.5
2430
4
18360 Tualata Ave
Detached
$845,000
5
2.5
2703
2
491 Country Club Rd
Detached
$865,000
4
2
2486
83
14121 Redwood Ter
Detached
$885,000
4
3.5
2827
24
19531 River Run Dr
Detached
$899,900
4
2.5
2440
5
15 El Greco St
Detached
$949,000
4
3
3328
4
1739 Palisades Terrace Dr
Detached
$995,000
4
2.5
3654
11
14071 Sundeleaf Dr
Detached
$999,000
5
3
2624
3
14002 Chelsea Dr
Detached
$1,195,000
4
2.5
3547
32
127230 Adrian Ct
Detached
$1,195,000
4
2.5
3014
24
5428 Royal Oaks Dr
Detached
$1,200,000
6
3.5
4994
7
14360 Uplands Dr
Detached
$1,230,000
4
3.5+.5
2577
5
17467 Westview Dr
Detached
$1,275,000
4
3.5
4119
4
2442 Palisades Crest Dr
Detached
$1,598,000
4
2.5
3071
4
3155 Upper Dr
Detached
$1,599,000
4
3
3297
1
2165 Ridge Pointe Dr
Detached
$1,995,000
5
4
4749
29
4480 Upper Dr
Detached
$2,000,000
4
3.5
3497
0
855 G Ave
Detached
$2,000,000
3
2.5
3710
17
14500 Uplands Dr
Detached
$2,495,000
5
4.5+.5
5544
74
1745 Southshore Blvd
Detached
$3,099,000
4
4.5
5545
128
1889 Highlands Loop
Detached
$5,499,000
5
6.5
6832
20
3328 Lakeview Blvd
Detached
$6,398,000
4
5.5
6675
18
Sold/Closed Aug 2-8, 2021
Address
Type
List Price
Sold Price
Sq Ft
CDOM
44 Eagle Crest Dr #1
Condo
$230,000
$247,000
908
2
45 Eagle Crest Dr #409
Condo
$249,900
$249,900
1,214
5
3882 Botticelli St
Condo
$289,000
$287,000
1224
20
5061 Foothills Dr C
Condo
$335,000
$335,000
991
8
1509 Bonniebrae Dr
Attached
$482,900
$507,000
1739
6
4222 Woodside Circle
Attached
$450,000
$550,000
1578
5
17850 Pilkington Rd
Detached
$750,000
$625,000
3222
79
5051 Tualata Ln
Detached
$714,900
$640,000
1581
37
6545 Childs Rd
Detached
$600,000
$650,000
3134
1
186 D Ave
Attached
$650,000
$675,000
1637
7
6227 Wayzata Ct
Detached
$699,999
$675,000
1,232
7
18426 Sandpiper Way
Detached
$688,000
$705,000
1884
5
3 Spinosa
Detached
$755,000
$750,000
2615
23
16921 Kara Ln
Detached
$750,000
$758,000
2382
5
17802 Hillside Way
Detached
$838,000
$790,000
3026
23
2440 Overlook Dr
Detached
$879,900
$825,000
3850
15
4099 Coltsfoot Ln
Detached
$840,000
$827,000
3169
15
5675 Victoria Ct
Detached
$825,000
$885,000
2563
4
2895 Suncreek Dr
Detached
$749,000
$910,000
2379
5
17 Westridge Dr
Detached
$875,000
$935,000
3533
11
19310 Riverwood Ln
Detached
$999,000
$1,092,000
3192
1
17649 Woodhurst Pl
Detached
$1,198,000
$1,120,000
3192
103
2929 Glen Eagles Rd
Detached
$1,100,000
$1,300,000
2527
4
13700 Knaus Rd
Detached
$1,245,000
$1,310,000
2654
7
915 Cedar St
Detached
$1,550,000
$1,520,000
3219
3
4440 Upper Dr
Detached
$1,899,000
$1,850,000
3583
42
18783 Stafford Rd
Detached
$2,295,000
$1,875,000
147
197 Egan Way
Detached
$2,198,000
$2,095,150
6761
64
3183 Douglas Circle
Detached
$3,450,000
$3,450,000
5595
0
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
I think that when people think of condos and townhouses they are usually thinking of a style of construction. Townhouses are usually side-by-side without a neighbor above or below. Yes, that is common with townhouses, but there is more to it than that.
With a townhouse, you own the land below. Different home owner’s associations have different binding terms, but as a generalization, the HOA will take care of exterior mainenance and maintence of the common areas. But you usually have a small yard that you get to landscape and maintain. This also means that if something goes wrong in the crawlspace below , the homeowner is responsible. It also means that the home owner takes care of the plumbing even after it leaves the house.
With condominiums you don’t personally own the land beneath your home. Instead your home owner’s association owns it. You own the interior walls, and your HOA owns the exterior walls. It also owns and is responsible for plumbing once it leaves your unit. So with a condo, the HOA takes on more responsibilites.
How do you know the difference? It should be properly represented in the marketing, but if it’s a condo, it’s also in the legal description.
Both types of real estate have home owner’s associaitons. When you buy either a condo or a townhouse you need to thoroughly inspect the home owner’s association. You want to get copies of their rules and regulations, conditions covenants and restrictions, the reserve study (to show that they are properly saving for big ticket repair items likes roofs and windows) and get the last 12 months of the HOA meeting notes. If something is up, they should be talking about it.
So that’s a little real estate 101. As always, thanks for reading the blotter!
There is a lot of speculation amung Realtors that the market may be starting to slow down just a bit. The last time I did this report, I was speculating that myself. With this weeks report I have to say that it is not happening, at least not right now.
Lake week in Lake Oswego there were 14 new listings, 27 properties that went into pending status, and 26 sold/closed properties. The market is still favoring sellers with most properties selling quickly at or above the list price.
See below for RMLS details.
New on the Market July 19-25, 2021
Address
Type
Price
BR
Baths
Sq Ft
4 Touchstone #66
Condo
$205,000
3
2.5
1351
100 Kerr Pkwy #43
Condo
$214,900
2
2
823
44 Eagle Crest Dr #20
Condo
$230,000
2
1
908
5058 Foothills Dr A
Condo
$420,000
3
2
1252
17500 Pilkington Rd
Detached
$460,000
2
1
1050
4939 Hampton Ct
Detached
$919,900
5
2.5
2971
17151 Wall St
Detached
$1,150,000
6
4
4141
17543 Lake Haven Dr
Detached
$1,185,000
4
2.5
2333
503 Laurel St
Detached
$1,550,000
4
3.5
2917
2167 Wembley Park Rd
Detached
$1,750,000
4
3.5
4015
855 G Ave
Detached
$2,000,000
3
2.5
3710
1889 Highlands Loop
Detached
$5,499,000
5
6.5
6832
3328 Lakeview Blvd
Detached
$6,398,000
4
5.5
6675
16767 Graef Circle
Detached
$3,499,000
4
4.5
4222
Pending Sales July 19-25, 2021
Address
Type
Price
BR
Baths
Sq Ft
CDOM
200 Cervantes
Condo
$289,000
3
1.5
1138
11
200 Burnham Rd #305
Condo
$340,000
2
2
1305
1
43 Greenridge Ct
Attached
$399,900
3
1.5+.5
1652
65
4222 Woodside Dr
Attached
$450,000
3
2
1578
5
1509 Bonniebrae Dr
Attached
$482,900
3
2.5
1739
6
1672 Lake Front Rd
Detached
$650,000
3
2
1768
5
16901 Lakeridge Dr
Detached
$729,000
4
3
2080
3
49 Da Vinci St
Detached
$739,000
3
2
2351
12
5895 Suncreek Dr
Detached
$749,000
4
2
2379
5
18260 Indian Creek Dr
Detached
$759,000
3
2
2082
11
17268 Fernwood Dr
Detached
$765,000
3
2.5
2086
58
18571 Waxwing Way
Detached
$810,000
4
2.5
2081
19
1430 Larch St
Detached
$815,000
3
3
1312
7
17730 Marylbrook Dr
Detached
$850,000
3
2.5
2951
14
7 Mountain View Ln
Detached
$850,000
5
2.5
3324
48
17 Westridge Dr
Detached
$875,000
4
3.5+.5
3533
11
125 Furnace St
Condo
$995,000
2
2.5
1927
4
4222 Cobb Way
Detached
$1,089,000
4
3
2243
15
13207 Deerfield Ct
Detached
$1,175,000
4
3.5
3801
35
12817 Adrian Ct
Detached
$1,298,000
4
2.5
3132
3
2805 Southshore Blvd
Detached
$1,300,000
2
2.5
2623
3
4723 Lamont Way
Detached
$1,400,000
4
3.5
3058
5
1978 Egan Way
Detached
$1,998,000
4
5.5+.5
6761
64
1334 Maple St
Detached
$2,100,000
4
3.5
3660
6
18000 Eastridge Ln
Detached
$2,495,000
4
4.5
5610
6
17575 S Crestline Dr
Detached
$2,995,000
5
4.5+.5
7496
48
1226 Northshore Rd
Detached
$6,499,000
4
5.5
6330
45
Sold/Closed July 19-25, 2021
Address
Type
List Price
Sold Price
Sq Ft
CDOM
16250 Pacific Hwy #48
Condo
$345,000
$343,500
1306
5
1600 Boca Ratan Dr
Attached
$390,775
$390,775
998
0
15438 Stephanie Ct
Attached
$469,980
$470,000
1627
6
5221 Tualata Ln
Detached
$550,000
$588,050
1491
4
1033 Obrien St
Detached
$600,000
$608,000
1416
2
5357 Lakeview Blvd
Detached
$649,900
$640,000
1894
4
4124 Harvey Way
Detached
$649,900
$649,900
1410
22
9 Falstaff St
Detached
$759,000
$705,000
2436
51
13431 Vermeer Dr
Detached
$750,000
$790,000
2701
7
1588 Cherry Ln
Detached
$749,900
$803,000
2001
3
5760 Meridian Ct
Detached
$850,000
$880,000
2,504
5
15518 Heritage Ct
Detached
$820,000
$950,000
2885
4
17904 Cardinal Pl
Detached
$949,000
$950,000
1840
5
5697 Charles Circle
Detached
$950,000
$967,000
3268
4
16972 Greentree Ave
Detached
$1,100,000
$1,100,000
2812
13
1255 Bickner St
Detached
$1,235,000
$1,205,000
2764
94
17911 Hillside Dr
Detached
$1,200,000
$1,208,304
3635
5
15136 Glen Eagles Ct
Detached
$1,200,000
$1,235,000
2607
4
14511 Pfeifer Dr
Detached
$1,250,000
$1,375,000
3422
6
4390 Sunset Dr
Detached
$1,399,000
$1,427,000
3035
1
16200 Waluga Dr
Detached
$1,450,000
$1,550,000
3375
4
3140 Douglas Circle
Detached
$1,799,971
$1,744,000
4333
5
149 Furnace St #25
Condo
$1,795,000
$1,785,000
3954
6
3250 Upper Dr
Detached
$1,875,000
$1,950,000
4058
1
168 Pine Valley Rd
Detached
$1,995,000
$2,100,000
4906
7
13700 Fielding Rd
Detached
$4,996,000
$4,998,000
5802
3
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.
A law was passed by the State of Oregon in 2019 that is going to have a huge impact on neighborhoods throughout the state. House Bill 2001 pretty much out lawed single-family-residential housing. The law applies to any town with a population of more than 10,000 people, thus, it very much affects Lake Oswego.
What this law does is mandate that neighborhoods that currently have single family housing must allow the construction of duplexes, triplexes, quadplexes, townhouses, cottage clusters and accessory dwelling units.
There is an affordable housing crisis in our state and I completely understand the logic behind this law. When I look for the positive outcomes it will create, I think about people who want to build a dwelling for aging parents. I think of people who would benefit from some rental income. I think of people who need a place to live and simply can not afford the current rents or are not in a poslition to buy. This law will have quite a few positive benefits.
But I also think about what our neighborhoods currentlly look like. How will I feel if a duplex gets built next door? I hope I’ll feel ok, but, being honest, I’m just not sure. This law will have to come into affect and play out before I’ll know how I truly feel.
The City of Lake Oswego is approaching this change in a two phase process. The first phase has been completed. The city reveiwed current neighborhood plans and development codes, created and received results of a community-wide survey, and met with neighborhood association chairs to understand neighborhood characteristics and what communities value most.
The second phase is happening now. The city is exploring options for potential code changes and getting advice from a committee that has been formed. This committee was appointed by the city council and is called the Middle Housing Code Advisory Committee. They are meeting between now and the end of September. After they provide advice to the city council, the city will seek further feedback from neighborhood associaitons and the broader community.
For more information visit www.lakeoswego.city/planning or contact Eric Olson, Senior Planner, at eolson@lakeoswego.city or 503-697-6524.
There’s nothing so certain as change, that’s for sure.
Last weeks market activity appears to have been more balanced with 19 new listings, 18 pending sales, and 23 closed/sold properties. The fact that the pending numbers were fewer than the new listings my have been a result of the July 4th holiday. It’s too soon to know if this is some sort of trend.
See below for RMLS data.
New on the market July 5-11, 2021
Address
Type
Price
BR
Baths
Sq Ft
200 Cervantes
Condo
$289,000
3
1.5
1138
12 Oswego Summit
Condo
$300,000
2
2
1140
1 Peacock Pl
Detached
$529,000
3
2.5
1336
4980 Galen St
Attached
$589,000
2
2.5
1552
18811 Reao Ct
Detached
$639,900
3
2.5
1916
6227 Wayzata Ct
Detached
$649,999
3
1.5
1232
15115 Quarry Rd
Detached
$650,000
4
3
2865
49 Da Vinci St
Detached
$739,000
3
2
2351
18260 Indian Creek Dr
Detached
$759,000
3
2
2082
17730 Marylbrook Dr
Detached
$850,000
3
2.5
2951
4222 Cobb Way
Detached
$1,089,000
4
3
2243
1739 Palisades Terrace Dr
Detached
$1,095,000
4
2.5
3654
1776 Oak St
Detached
$1,550,000
4
3.5
4012
4531 West Rd
Detached
$1,595,000
3
3.5
3926
2165 Rodge Pointe Dr
Detached
$2,100,000
5
4
4749
1626 Englewood Dr
Detached
$2,495,000
4
2.5+.5
5581
13700 Fielding Rd
Detached
$4,998,000
5
4.5+.5
5802
14390 Uplands Dr
Detached
$5,399,000
4
4.5
7839
2470 Summit Ct
Detached
$5,498,000
4
3.5+.5
7180
Pending sales July 5-11, 2021
Address
Type
Price
BR
Baths
Sq Ft
CDOM
47 Eagle Crest Dr #54
Condo
$180,000
1
1
672
37
42 Cervantes Circle 4B
Condo
$250,000
2
1.5
912
8
86 Kingsgate Rd G101
Condo
$265,000
2
2
840
2
1367 Bonniebrae Dr
Attached
$399,000
2
1.5
1008
2
186 D Ave
Attached
$650,000
3
2.5
1637
7
5071 Tualata Ln
Detached
$675,000
3
3
1540
51
18426 Sandpiper Way
Detached
$688,000
4
3
1884
5
5051 Tualata Ln
Detached
$695,000
4
2
1581
37
217 Hidalgo St
Detached
$749,900
3
2.5
4312
37
32 Morningview Circle
Detached
$750,000
3
2.5
2718
7
537 Country Club Rd
Detached
$775,000
3
2
1901
93
4099 Coltsfoot Ln
Detached
$830,000
5
2.5
3149
15
2440 Overlook Dr
Detached
$839,900
4
3
3850
15
1503 Pine St
Detached
$875,000
4
3
2842
4
1724 Fern Pl
Detached
$950,000
3
3
2160
21
12723 Adrian Ct
Detached
$1,098,000
4
3
3190
4
915 Cedar St
Detached
$1,550,000
4
3.5
3219
3
2254 Knaus Rd
Detached
$3,950,000
4
5.5
7436
11
Closed/sold properties July 5-11, 2021
Address
Type
List Price
Sold Price
Sq Ft
CDOM
4619 Lakeview Blvd
Condo
$200,000
$205,000
753
8
4 Touchstone #68
Condo
$219,000
$245,000
984
58
4 Touchstone #124
Condo
$239,000
$245,500
1351
22
4000 Carman Dr B27
Condo
$269,000
$300,000
869
2
103 Kingsgate Rd
Detached
$525,000
$525,000
1352
5
1 Eagle Crest Dr
Detached
$549,000
$610,000
1290
4
2710 SW Orchard Hill Ln
Detached
$611,900
$656,000
2087
4
830 Laurel St
Detached
$645,000
$685,000
1400
3
20 Preakness Ct
Attached
$625,000
$700,000
1790
5
14307 Camden Ln
Detached
$719,000
$740,000
1932
0
2604 Glen Haven Rd
Detached
$729,900
$799,000
2,104
3
17310 Canyon Dr
Detached
$750,000
$805,000
2716
$3
18768 Wood Duck St
Detached
$925,000
$965,000
3016
4
1455 Nelson Ct
Detached
$835,000
$975,000
2210
2
1585 Patton Rd
Detached
$915,000
$1,025,000
3331
3
4137 Orchard Way
Detached
$975,000
$1,052,000
3680
2
3250 Westview Ct
Detached
$1,200,000
$1,161,000
3928
235
4379 Snowbrush Ct
Detached
$1,050,000
$1,161,000
3596
2
640 9th St
Detached
$1,450,000
$1,450,000
3321
5
858 10th St
Detached
$1,650,000
$1,650,000
2410
6
1475 Chandler Rd
Detached
$3,200,000
$3,150,000
4515
0
3230 Upper Dr
Detached
$3,300,000
$3,300,000
5338
0
1190 Fairway Rd
Detached
$5,495,000
$5,200,000
5855
9
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.
