Dunthorpe Real Estate Market Update October 2013

dunthorpe homes for saleDunthorpe Real Estate Market Update October 2013: Interested in what is going on in Portland’s Luxury neighborhood of Dunthorpe?  Dunthorpe is known for its stately homes and beautiful natural scenery.  Located on the Southwest side of Portland just North of Lake Oswego and West of the Willamette River, Dunthorpe homes for sale offer a wide range of beauty and sophistication.

Here is a look at the Dunthorpe real estate market as of late:

  • 34 Active Dunthorpe homes for sale: These range in price from $550,000 to $3,450,000 with an average list price of $1,523,394 and a median list price of $1,385,000.  The average dollar per square foot for these is $290.00.  These Dunthorpe listings have been on the market for between 6 and 897 days with a median days on market of 136 days.
  • There is one Dunthorpe property for sale listed at $1,636,000 which has a bumpable buyer. It has been on the market for 56 days.  Please let me know if you are interested in learning more about that one.
  • There are 4 Pending homes in Dunthorpe in the MLS: These Pending Dunthorpe listings range in price from $610,000 to $1,595,000 with a median price of $1,049,500.   They have been on the market for between 28 days and 108 days.
  • In the last year, 34 Dunthorpe homes have sold. These range in price from $399,500 to $2,650,000 with a median list price of $1,097,000 and a median sales price of $1,055,000.  The average days on market for the sold homes is 140 days with a median of 64 days which seems more reasonable if you have the right Dunthorpe listing broker.

If you are interested in speaking with Portland real estate brokers who can help you buy or sell in Dunthorpe, please let us know.  PDX@CooperJacobs.com

First Addition Neighborhood Real estate Market Update August 2013

Looking at the last 30 days of activity in Lake Oswego, Oregon’s First Addition neighborhood:First Addition neighborhood in Lake Oswego OR

Lake Oswego’s First Addition Real Estate is a hot commodity!  There are buyers looking actively in this neighborhood, so please let us know if you are even thinking about selling.  You might be surprised at how much your First Addition home is worth currently.  We recently sold a beautiful home on A Ave and are looking for inventory!

Here’s the scoop:

Active First Addition Neighborhood Homes Available

First Addition Homes For Sale In The RMLS which are active with no offers.  There are 9 First Addition homes available at the moment.  These range in price from $575,000 to $1,400,000 with a median list price of over a million dollars at $1,050,000. The median days on market for these homes is 21 days with a range of 5 days to 112 days and an average of 38 days on market. The average dollar per square foot of these First Addition listings is $271.  How big is your house? Wondering what updates you may or may not have to do to get it on the market in that dollar per square foot range? We can help and it won’t cost you anything for the information.

Pending First Addition Homes In The MLS

These are the ones with the offers which have not closed yet… There are 7 First Addition homes for sale which are currently pending listings in the RMLS.  They range in list price from $360,000 to $1,195,000 with a median list price of $825,000 and an average dollar per square foot of $304. The median days on market for these is 42 days.

SOLD!  Here are the sold First Addition listings:

Lake Oswego Realtors

Only one actual First Addition HOUSE listing has sold in the MLS in the last 30 days.  There are 2 sales categorized in residential, but one is a subdivided lot 1/2 acre lot located at 425 G Ave which sold on 7/15/2013.  It was listed for $550,000 and also sold for $550,000.   The First Addition home which sold is located at 740 7th St and was listed for $995,000 on 6/20/2013.  It sold on 7/10/2013 for $995,000.

First Addition Buyers looking for an Agent: As you can see from the numbers above, if you are looking at First Addition homes for sale, then there are not many First Addition listings out there and they sell fairly quickly. Terms are important.  Cash buyers are common. Competition is fierce.  You need to only talk to Lake Oswego Realtors who are willing to really structure your offer to stand out. If you are thinking about moving to Lake Oswego and wondering if your relocation should include First Addition, we are happy to talk you through some of the neighborhoods in the city.

More Info:  Court Olsen 503.899.2968  co@cooperjacobs.com

Lake Oswego Cool Down, But Real Estate Choices Still Good

lake oswego waterfront homes
Lake Oswego really has cooled down this week, but real estate is still popping up. The sunny days are gone for just a bit, but its good for keeping things green and cleaning the pollen out of the air!

There are some amazing homes for sale in Lake Oswego. Let us know what you are looking for.  The “sale pending” strips keep going up and with school winding down, there is sure to be a surge of new home buyers competing for what is on the market.

If you are new to Lake Oswego, then there are some basics you will need to know about.  It is helpful, for example, if you are here for the schools to know which schools serve which parts of Lake Oswego.  Another super big tip if you intend on using Oswego Lake at all is to know that it is a private lake.  The lake is not open

to the public, but access is given to the shareholders who either own Lake Oswego waterfront property or shareholders who are part of an easement in a surrounding neighborhood.  If taking advantage of all that Oswego Lake has to offer is an important criteria for you then you need to be well aware of what your rights are to the lake and how they differ with each specific property.

There are a couple exceptions which open up the private lake to more than waterfront and easement holder property owners. These include the Lake Grove Swim Park for anyone who lives within its specified boundaries and there is also the Lake Oswego Swim Park on the other side of the lake.  Here is what the city says about the Lake Oswego Swim Park on their site:

LAKE OSWEGO SWIM PARK is a public facility featuring a wading pool, intermediate section and lap pool under the supervision of certified lifeguards. The park is open to residents only at no charge. Children under the age of 10 must be accompanied by an individual 16 years or older. The “buddy system” will be enforced. No one will be allowed to swim alone. Groups of more than 12 should phone ahead by calling 503-636-6780. Park closure is considered whenever the air temperature drops below 65 degrees. A sign will be posted at the park. Information also available by calling Parks & Recreation at 503-675-2549. ***Residents Only. July 2 – August 31, 12-6 pm (7 days a week)

There are other little nuances about buying property in Lake Oswego. Please email if you are interested in learning more or if you would like to see what is for sale right now. If you are interested in Lake Oswego Realtors or would like to tour some Lake Oswego Homes For Sale, we are happy to help!   LO@CooperJacobs.com