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Eleven LO residences make list of most expensive properties sold in the first half of 2014

Photo Credit: REVIEW PHOTOS: VERN UYETAKE - 4. 3690 Lakeview Blvd. Sales price: $3.5 million.In news that likely won’t surprise anyone familiar with the local real estate scene, 11 of the 31 most expensive homes sold in the Portland area in the first half of 2014 had a Lake Oswego address, according to the Portland Business Journal.

Many of the pricey homes on the list are in Northwest Portland or the Pearl District. And the most expensive home sold? That would be on Northwest Westbrook Drive in Hillsboro. Sale price: $6.75 million.

Still, Lake Oswego doesn’t come off looking too shabby.

A stately 5-bedroom, 5-bath “classic Colonial” in the 3600 block of Lakeview Boulevard is listed at No. 4 on the Business Journal’s list. Built in 1925 and overlooking Oswego Lake, the home boasts a pond with a waterfall and a boathouse. The property sold for $3.5 million.

Photo Credit: REVIEW PHOTOS: VERN UYETAKE - 16. 202 Berwick Road. Sales price: $1.95 million.Even the cheapest Lake Oswego home on the list carried an impressive price tag. Selling for $1.48 million, the 4-bedroom, 3-bath abode on Northshore Circle also offered lake views and its own private boathouse, although the listing specified that the bronze statue present at staging would not be included with the sale price.

Dennis Kelly, the managing principal broker at Windermere Stellar’s Lake Oswego branch, said home sales this year have been “pretty good, pretty active. We’ve seen significantly more listings this year, which is kind of an anomaly. Right now, as long as they’re priced right and staged right, (residential properties) are moving.”

Kelly said there are currently about 24 properties listed at $2 million or more in Lake Oswego and West Linn, with pending sales on an additional two at that price point. One such property sold last month.

Kelly said the average market time for properties in the Portland metro area has been about 60 to 70 days, and while pending sales are down slightly when compared to this time last year, “average sale prices have been up.”

“In fact,” Kelly said, “the average sale price change (this year over last) in Lake Oswego and West Linn has been about 9 percent.”

And next year?

Kelly predicts the market will be a little more “traditional” in 2015 and that in Lake Oswego, he would expect to see one home in the $2 million-plus range sell every couple of months. He expects prices to increase by anywhere from 4 percent to 6-7 percent.

“We’ll see a normal amount of sales,” he said. “We won’t see the higher appreciation we might have had several years back.”

The complete list of the 31 most expensive homes sold in the Portland area in the first half of 2014 is available online at Lake Oswego homes making the list include:

4. 3690 Lakeview Blvd.

Price: $3.5 million

8. 3214 Lakeview Blvd.

Price: $2.25 million

10. 3748 Lakeview Blvd.

Price: $2.2 million

11. 1098 Chandler Road

Price: $2.15 million

12. 980 Evergreen Road

Price: $2.03 million

13. 612 Ridgeway Road

Price: $2.02 million

16. 202 Berwick Road

Price: $1.95 million

17. 2675 Glen Eagles Road

Price: $1.9 million

28. 17700 Lake Haven Drive

Price: $1.6 million

29. 2240 Summit Court

Price: $1.5 million

30. 112 Northshore Circle

Price: $1.48 million

Contact Saundra Sorenson at 503-636-1281 ext. 107 or This email address is being protected from spambots. You need JavaScript enabled to view it..

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