It sure feels to me like summer is winding down with cooler evenings and the leaves starting to turn color. However, that is not the case in the local housing market. OK, I know it is still not as hot as it was before July of 2007, but compared to recent market activity, last week was HOT. 14 new listings, 12 pending sales, and 17 closed sales, what a relief it is to see houses selling at a greater number than they are coming on the market.
I see two particular items to make note of. Out of 17 closed sales, 6 sold in 16 days or less. That is fast. It shows that when staged properly and priced right houses are selling in this market. Buyers are smart. They really look at what’s for sale and recognize value when they see it. Also worth noting is the sale at 13237 Knaus Rd. Originally listed almost 2 years ago for $2,400,000, this house had 4909 square feet, Mt. Hood view, about an acre of land with a tennis court and a 4 car garage. It became a short sale and closed for $750,750. Wow! That sale has earned a gold star from me for being the smokin’ hot deal of the summer. Whoever bought it did very well.
So here is your market activity for last week:
(see below the tables for additional notes):
NEWLY LISTED (August 24—August 30, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
LIST DATE
|
| Address | List Price | # BR | # BTHS | Total SF | Prop Type | List Date | CDOM | ||
| 4615 LAKEVIEW BLVD | $127,900 | 1 | 1 | 753 | CONDO | 8/30/2009 | |||
| 4000 CARMAN DR | $128,900 | 1 | 1 | 767 | CONDO | 8/25/2009 | |||
| 4000 CARMAN DR | $129,900 | 1 | 1 | 836 | CONDO | 8/24/2009 | |||
| 210 RIDGEWAY RD | $192,500 | 1 | 1 | 778 | CONDO | 8/24/2009 | |||
| 192 RIDGEWAY RD | $235,000 | 2 | 1 | 1,659 | CONDO | 8/24/2009 | |||
| 5958 KENNYCROFT WAY | $264,900 | 3 | 2.1 | 1,450 | DETACHD | 8/27/2009 | |||
| 18690 DON LEE WAY | $325,000 | 3 | 2 | 1,136 | DETACHD | 8/24/2009 | |||
| 1630 WOODLAND TER | $399,900 | 4 | 2 | 2,131 | DETACHD | 8/25/2009 | |||
| 17366 CARDINAL DR | 444000 | 4 | 2.1 | 2,107 | DETACHD | 8/24/2009 | |||
| 13395 VERMEER DR | 485000 | 4 | 2.1 | 2,461 | DETACHD | 8/29/2009 | |||
| 1550 MAPLE ST | 486000 | 3 | 2.1 | 2,136 | DETACHD | 8/28/2009 | |||
| 2525 DELLWOOD DR | 549900 | 5 | 3 | 2,836 | DETACHD | 8/25/2009 | |||
| 460 BOCA RATAN DR | 599000 | 3 | 2 | 2,238 | DETACHD | 8/26/2009 | |||
| 2335 OSWEGO GLEN CT | 1150000 | 4 | 4 | 3,682 | DETACHD | 8/24/2009 |
PENDING SALES (August 24 -August 30, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | List Price | # BR | # BTHS | Total SF | Prop Type | CDOM | |||
| 4 TOUCHSTONE DR | $106,000 | 2 | 2 | 984 | CONDO | 227 | |||
| 48 EAGLE CREST DR | $164,900 | 2 | 2 | 1,443 | CONDO | 108 | |||
| 18121 TUALATA AVE | $246,750 | 3 | 2 | 1,766 | DETACHD | 168 | |||
| 1057 C AVE | $299,000 | 2 | 1 | 1,048 | DETACHD | 81 | |||
| 45 TANGLEWOOD DR | $330,000 | 5 | 3.1 | 3,166 | DETACHD | 165 | |||
| 28 PREAKNESS CT | $350,000 | 5 | 4 | 2,871 | DETACHD | 56 | |||
| 13899 MAJESTIC CT | $375,000 | 3 | 2 | 2,357 | DETACHD | 86 | |||
| 17760 SW CARDINAL CT | $395,000 | 3 | 2.1 | 2,147 | DETACHD | 60 | |||
| 17221 ROBB PL | 427500 | 3 | 2 | 1,812 | DETACHD | 12 | |||
| 1250 Andrews RD | 649000 | 4 | 2.1 | 3,137 | DETACHD | 277 | |||
| 5459 WESTFIELD CT | 875000 | 5 | 3.1 | 3,670 | DETACHD | 23 | |||
| 511 6TH ST | 896950 | 5 | 3.1 | 4,000 | DETACHD | 146 |
SOLD (August 24-August 30, 2009)
| ADDRESS | ORIG. PRICE | SALE PRICE |
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | O/Price | Close Price | # BR | # BTHS | Total SF | Prop Type | CDOM | ||
| 15210 BOONES WAY | $175,000 | $167,500 | 2 | 2 | 1,185 | CONDO | 50 | ||
| 4 TOUCHSTONE | $179,900 | $175,000 | 3 | 2.1 | 1,351 | CONDO | 23 | ||
| 750 1ST ST | $264,500 | $185,000 | 2 | 2 | 1,350 | CONDO | 327 | ||
| 12844 BOONES FERRY RD | $257,000 | $215,000 | 2 | 2.1 | 1,136 | CONDO | 135 | ||
| 4749 FIRWOOD RD | $229,900 | $222,000 | 3 | 1.1 | 1,440 | DETACHD | 13 | ||
| 6137 CHILDS RD | $240,000 | $236,500 | 3 | 1 | 946 | DETACHD | 10 | ||
| 17570 MARDEE AVE | $324,950 | $256,250 | 3 | 1 | 1,050 | DETACHD | 284 | ||
| 655 HEMLOCK ST | $314,900 | $307,000 | 3 | 1.1 | 1,352 | DETACHD | 16 | ||
| 802 SUNNY HILL DR | 429000 | 410000 | 4 | 2.1 | 2,508 | DETACHD | 16 | ||
| 20 HOTSPUR ST | 425000 | 417000 | 4 | 2.1 | 2,456 | DETACHD | 5 | ||
| 5807 RIDGETOP CT | $589,900 | 474400 | 4 | 2.1 | 2,650 | DETACHD | 190 | ||
| 16439 LEXINGTON CT | $514,950 | 479900 | 2 | 2 | 1,563 | DETACHD | 237 | ||
| 686 SUNNY HILL DR | 569500 | 569500 | 4 | 2.1 | 2,300 | DETACHD | 67 | ||
| 2130 HILLSIDE CT | 675000 | 675000 | 5 | 2.2 | 3,954 | DETACHD | 8 | ||
| 13237 KNAUS RD | $2,400,00 | 750750 | 3 | 3.1 | 4,909 | DETACHD | 560 | ||
| 17178 CEDAR RD | 1195000 | 1049000 | 5 | 3.1 | 4,209 | DETACHD | 92 | ||
| 16359 CHAPIN WAY | 1429000 | 1259000 | 4 | 3.1 | 4,158 | DETACHD | 404 |
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 have a very great fondness for the
This subject is leading me to a little bit of Oregon history. As you drive around the metro area you’ll see quite a few roads that feature the word ferry in their name: Taylor’s Ferry Rd, Graham’s Ferry Rd, Scholls Ferry Rd. And here in Lake Oswego, Boones Ferry Rd is one of the major streets in town. These roads were conveniently named to lead travelers back in the days before we had bridges across the Willamette River to the many ferries that aided with these crossings. Boones Ferry Road led to the Boones Ferry, which was located where what is now Boones Bridge in Wilsonville (actually the current location of the Boones Bridge across I-5). Boones Ferry was operated by Alphonso Boone, a grandson of Daniel Boone.
According to the latest Market Action Report for the Portland area “Closed sales in the Portland metro area for July 2009 eclipsed last July’s total by 8.6%, marking the first time same-month closed sales have increased since April 2007. Pending sales also grew 8.3%. New listings dropped 25.4% . Comparing July 2009 with June 2009, closed sales increased 11.9% (1,988 v. 1,776) and pending sales were up a slight 0.3% (2,170 v. 2,164). New listings fell 8.2% (3,907 v. 4,257).”
If you have been reading the Propertyblotter for awhile, you know that I am a big supporter of the annual Race for the Cure. I am now a 2-year breast cancer survivor. It’s a club I never wanted to join, but now that I’m in it, I’m doing whatever I can to keep other women (and men too) from having to join.
Breast cancer will strike one in 8 women in her lifetime. My great-grandmother died of breast cancer in 1929, at the age of 48, the same age that I was when I got my diagnosis. Luckily for me, in the 80 years since my great-grandmother died, thousands of people have put time and money into education and finding a cure. I see it as my duty to pay that forward so that future generations don’t have to live in the shadow of this terrible disease.
Even more than inviting you to walk with me, I would like to ask you to consider making a donation. It is such a worthwhile cause. $77 pays for one un-insured or under-insured woman to get a mammogram.
Here in Lake Oswego we are blessed with the long, warm days of summer that come on the heals of the misty and rainy days of May and June. The combination, along with personal commitment to gardening, leads to a rich bounty that is currently at its abundant peak. I don’t know of a better place to see this, in all of its glory, than at the community garden at Luscher Farm.
The community garden is just one part of Luscher Farm, but it is a high-light, for sure.
If you are not a returning gardener, but would like to have a garden plot next summer, I recommend that you call the City of Lake Oswego Parks and Recreation Department on December 1st to find out the date and time that the plots will be distributed. In the past they were given out on a first-come-first-served basis and all plots were gone within an hour or two of being offered. This year they are considering a lottery system, but that decision has not been made. The phone number for Parks and Recreation at the City of Lake Oswego is 503-697-6500.
Luscher Farm is also home to the
your good health. In the summer shareholders pick up the bounty of the crops on a weekly basis. In the late fall through early spring it is less frequent, but it still happens. I visited the wesite for 47th Avenue Farms and found discriptions of various share options, but no specific pricing. I would imagine that next year’s membership is still being formulated. There is a link to a waiting list as well as for e-mailing to get information. The website is