Author: Dianne Gregoire

Posted on

Lake Oswego Open Houses for March 14, 2010

The RMLS is promoting a boat load of open houses for this Sunday in LO. It’s going to be a lovely day with spring weather and lots of sunshine. So I hope you are able to get out and see some of these houses. Of the 39 homes being held open, 8 are condos, 1 is a townhouse, 4 are detached houses priced under $400,000, and 9 are priced at over one million dollars. Whew!

I want to invite you to come to my open house. I will be holding open 211 Oswego Summit from noon to 3pm. This is a gorgeous, one-level condo with sweeping mountain and city views. Priced at $229,900, with 2 big bedrooms and 2 full baths, it is a very affordable way to live in Lake Oswego. There are NO STAIRS and there is a single-car garage with an opener for easy entry on rainy days. I am just very proud of this property and I think you will see why. Plus, I’d love to meet you!

Here is the full list of this Sunday’s opens:

Address List Price # BR # BTHS Total SF Prop Type Open
4 TOUCHSTONE $129,000 2 2 984 CONDO 12 to 3
211 OSWEGO SMT $229,900 2 2 1,506 CONDO 12 to 3
4340 BOTTICELLI ST $239,900 3 3.1 2,098 CONDO 1 to 3
5055 Foothills DR $265,000 3 2 1,252 CONDO 1 to 3
5056 FOOTHILLS DR $269,000 2 2 1,252 CONDO 1 to 3
1723 CONIFER DR $312,950 3 2 1,602 DETACHD 12 to 3
2320 GLEN HAVEN RD $319,900 3 1.1 1,346 DETACHD 1 to 4
4310 SILVER CT $339,000 2 3.1 1,996 CONDO 12:30 to 3:30
3056 WEMBLEY PARK RD 339000 3 2 2,600 DETACHD 1 to 4
3269 PHYLLIS CT 349900 3 1.2 1,711 DETACHD 1 to 4
15 CHURCHILL DOWNS 375000 4 2 2,014 DETACHD 1 to 4
12402 27TH PL 375000 3 2 1,992 DETACHD 1 to 4
17763 MARDEE AVE 399500 5 3 2,300 DETACHD 1:30 to 3:30
119 3RD ST 399900 3 2 1,204 CONDO 2 to 4
15655 TWIN FIR RD 437000 3 2 2,095 DETACHD 1 to 3
5475 WILLOW CT 479900 3 2.1 2,438 ATTACHD 1 to 3
2705 SW ORCHARD HILL LN 499350 3 2.1 2,841 DETACHD 1 to 4
17802 HILLSIDE WAY 514998 4 2.1 2,965 DETACHD 1 to 3
14584 PFEIFER WAY 559000 3 2 2,600 DETACHD 3 to 5
33 MORNINGVIEW CIR 574900 3 2.1 2,737 DETACHD 2 to 4
19288 SW Megly CT 579900 5 3 3,594 DETACHD 1 to 5
815 COUNTRY COMMONS LN 595000 4 3 2,376 DETACHD 2 to 3:30
5218 WESTFIELD CT 699500 4 2.1 3,125 DETACHD 1 to 4
17645 OAK MEADOW LN 699900 4 2.1 3,510 DETACHD 12 to3
1015 SW SOUTHSHORE BLVD 789000 4 3 3,522 DETACHD 2:30 to 4
282 GREENWOOD RD 799500 3 2.1 2,538 DETACHD 1 to 4
1633 MAPLE ST 848500 3 3 3,405 DETACHD 1 to 3
17896 SW KELOK RD 974500 5 5 4,323 DETACHD 12:45 to 2:15
8 DOVER WAY 999000 6 4.2 6,244 DETACHD 1 to 3
18222 SIENA DR 1088000 6 4.1 3,800 DETACHD 1 to 3
18209 SIENA DR 1178950 5 3.1 3,839 DETACHD 1 to 3
17464 RIDGEVIEW LN 1199950 4 3.1 4,407 DETACHD 1 to 3
1808 RIDGE POINTE DR 1269000 5 4.1 4,155 DETACHD 1 to 3
18246 BELLA TERRA DR 1294000 4 3.1 4,196 DETACHD 1 to 3
664 OAK MEADOW DR 1299950 4 3.1 4,198 DETACHD 1 to 3
657 OAK MEADOW DR 1349950 4 3.1 4,371 DETACHD 1 to 3
17364 RIDGEVIEW CT 1399950 4 3.1 4,436 DETACHD 1 to 3
2572 GLEN EAGLES PL 2395000 5 4.2 6,490 DETACHD 1 to 3
4962 BILFORD LN 429900 3 2.1 DETACHD 1 to 3

Have a great weekend, Dianne

Posted on

Buying a house on the Lake

Oswego Lake has always had a certain appeal. It is in the middle of the town and is certainly a focus of the community. Years ago the waterfront homes were little vacation cottages that people came from Portland to enjoy on the weekends and on summer break. As rail lines and freeways made the drive quick and easy, the little cottages have gradually been replaced with modern homes and some pretty incredible mansions. Even if you will never aspire to living on the Lake, the real estate on the waterfront is certainly intriguing. And if you do want to live on the Lake, you need to know a little bit about the various values that the waterfront solicits.

There are 4 distinct categories of values for the waterfront. I am going to explore each one and give you a list of the current inventory.

Condominiums
Up until 10 years ago, there just weren’t many condos on the lake. There is a really charming 1940’s 4-plex on Northshore, but that was about it. Then in about 2000 the Lakewood Bay Condomiums and Lofts were built. And in 2008 a couple of apartment complexes were converted to condominiums at the Eastern end of the Lake. Of the various developments, there are two condo complexes that have docks and lawn areas right on the water’s edge. Some units have boat slips. And for anyone with disabilities or trying to avoid stairs, the Lakewood Bay Condos have elevator access. Here is the current inventory of condominiums for sale:

Address List Price # BR # BTHS Total SF Prop Type List Date
244 RIDGEWAY RD $214,500 2 1 753 CONDO 11/14/2009
668 MCVEY AVE $216,000 2 1 852 CONDO 1/28/2010
668 MCVEY AVE 209000 – 229000 3 1.1 985 CONDO 3/9/2010
668 MCVEY AVE $239,998 3 1.1 992 CONDO 11/24/2009
668 MCVEY AVE $395,000 3 1.1 985 CONDO 7/24/2009
119 3RD ST $399,900 3 2 1,204 CONDO 10/11/2009

Houses on the Canals

The canals are less expensive then the other areas of the lake.  Of course this will have a range of value with newer homes generally selling for more than older homes.  I think that location on the canals also affects the value.  Kelok Canal is a flowing body of water where the Lake is filled from the Tualatin River.  So the quality of the water is going to be better and more enjoyable to use than the more shallow and more stagnant water on the other canals.  Also, there is one canal that is so wide that it is often considered a bay, Blue Heron Bay/Canal.  There is a direct relationship between water quality and property values, in my opinion.  Here is what is currently for sale on the canals:

Address List Price # BR # BRHS Total SF Prop Type List Date
3300 SOUTHSHORE BLVD $549,850 2 2.2 1,162 DETACHD 1/1/2010
17471 CARDINAL DR $575,900 4 2.1 3,056 DETACHD 2/11/2010
17455 BLUE HERON RD $750,000 3 2 2,572 DETACHD 12/8/2009
17344 CEDAR RD $1,099,000 4 2.1 2,831 DETACHD 3/1/2010
3220 SOUTHSHORE BLVD $1,099,000 3 3 3,629 DETACHD 2/5/2010
17460 WREN CT $1,295,000 3 3.1 3,300 DETACHD 11/6/2009
17282 LAKE HAVEN DR $1,299,000 4 2.1 3,662 DETACHD 2/2/2010
17281 KELOK RD $1,395,000 4 3 2,682 DETACHD 1/21/2010

West Bay and Lakewood Bay
At each end of the lake is a bay. The bays are rather wide with enough room for boating and water skiing. Not as big as the lake, they still have better water quality than most of the canals. Lakewood Bay has the advantage of being next to Millinium Plaza Park for easy access to the Farmer’s Market. It also shares the water with restaurants with dock-side dining. Here is the current inventory of homes for sale on both of the bays:

Address List Price # BR # BTHS Total SF Prop Type List Date
106 3RD ST $699,900 2 2 1,495 DETACHD 7/16/2009
548 RIDGEWAY RD $999,500 4 3 2,830 DETACHD 10/19/2009
811 NORTHSHORE RD $1,299,900 4 4 4,945 DETACHD 4/8/2008
102 3RD ST $1,490,000 4 4 3,400 DETACHD 2/8/2010
307 NORTHSHORE RD $1,500,000 3 2 2,673 DETACHD 12/19/2009
425 NORTHSHORE RD $1,529,000 3 3 3,270 DETACHD 1/24/2010
1103 LAKESHORE RD $1,599,000 3 3 3,200 DETACHD 7/26/2008
4398 Lakeview BLVD $1,775,000 4 2.2 3,309 DETACHD 12/30/2008
100 3RD ST $1,799,000 3 3.1 3,600 DETACHD 2/6/2010

Main Lake
The prime real estate on the Lake is the main lake. This body of water is a natural lake. At it’s deepest it is about 150′. It is a couple of miles long and about half a mile wide, so it is large enough for boating, sailing, and water skiing. In my experience the values on the lake are affected by the amount of sun that the home is exposed to. On the North shore the houses get full sun all afternoon. On the South shore there are areas that get very little sun light and remain shaded nearly all day long. For this reason, I do think that the North shore has higher values than the South shore. However, the North shore is the home of a rail line that is still in use. So the sunshine is shared with 3 or 4 trains on a daily basis. There is talk of taking out the train track some day and putting in a trail for biking. That’s still in the dream stage and don’t hold me to it. If you buy on the North shore, be aware of the train. Here is the current inventory for houses on the main lake:

Address List Price # BR # BTHS Total SF Prop Type List Date
16511 Maple CIR $925,000 3 3 3,341 DETACHD 3/1/2010
16990 ALDER CIR $995,000 3 2.1 1,926 DETACHD 8/4/2008
3203 Southshore BLVD $1,099,900 4 3.1 3,773 DETACHD 2/23/2009
444 RIDGEWAY RD $1,150,000 3 2 2,099 DETACHD 9/9/2009
16771 MAPLE CIR $1,450,000 3 3 2,074 DETACHD 1/3/2009
983 LAKE FRONT RD $1,595,000 3 2.1 2,199 DETACHD 2/18/2010
1835 PALISADES TERRACE DR $1,748,900 4 3 3,380 DETACHD 1/8/2010
112 NORTHSHORE CIR $1,760,000 4 4.2 3,632 DETACHD 3/9/2010
2557 SOUTHSHORE BLVD $1,775,000 3 3.2 3,604 DETACHD 1/11/2010
333 NORTHSHORE RD $2,500,000 4 4.1 5,152 DETACHD 12/1/2009
961 TERRACE DR $3,495,000 4 4.2 5,795 DETACHD 9/7/2009
1719 LAKE FRONT RD $3,888,850 4 5.1 5,251 DETACHD 5/3/2009
16697 MAPLE CIR $4,695,000 4 3.1 3,146 DETACHD 1/30/2010
3012 LAKEVIEW BLVD $5,750,000 4 4.1 5,957 DETACHD 6/7/2008
1901 PALISADES TERRACE DR $5,950,000 5 4.1 7,284 DETACHD 4/27/2009
3232 LAKEVIEW BLVD $6,300,000 3 5.1 7,500 DETACHD 6/23/2008
3214 LAKEVIEW BLVD $7,500,000 4 5.1 5,800 DETACHD 6/23/2008
1850 NORTHSHORE RD $19,500,000 5 6.2 13,500 DETACHD 9/8/2008

And for those of you who really like to crunch the numbers, I thought I’d give you a list of the water front sales that have occurred in the last 12 months:

Address O/Price Close Price # BR # BTHS Total SF Prop Type CDOM
668 MCVEY AVE 164900 160000 2 1 852 CONDO 9
3688 SPRING LN 179900 164500 2 2 1,120 CONDO 81
668 MCVEY AVE 229900 199900 2 1 852 CONDO 765
668 MCVEY AVE 249850 200000 3 1.1 985 CONDO 982
668 MCVEY AVE 239900 220000 3 1.1 1,184 CONDO 61
668 MCVEY AVE 369900 300000 3 1.1 989 CONDO 521
668 MCVEY AVE 399850 365000 3 1.1 985 CONDO 19
111 3RD ST 419000 390000 2 2 1,206 CONDO 276
101 3RD ST 474900 430000 3 2 1,447 CONDO 376
17675 CARDINAL DR 599000 500000 3 3 3,458 DETACHD 294
830 CABANA LN 668250 572941 4 3.1 3,029 DETACHD 79
17332 Lake Haven DR 749000 710000 4 2 2,484 DETACHD 125
706 MCVEY AVE 949000 780000 3 2 2,000 DETACHD 391
18051 KELOK RD 899000 799000 5 3.1 3,670 DETACHD 401
716 MCVEY AVE 749998 800000 3 2 2,348 DETACHD 805
1755 SOUTHSHORE BLVD 949000 850000 5 3.1 4,757 DETACHD 104
17960 SARAH HILL LN 1179000 910000 5 3.1 4,800 DETACHD 163
1555 BAY VIEW LN 995000 945000 4 4.1 4,775 DETACHD 277
17178 CEDAR RD 1195000 1049000 5 3.1 4,209 DETACHD 92
1149 LAKESHORE RD 1295000 1115000 4 2.1 2,660 DETACHD 143
3270 LAKEVIEW BLVD 1399000 1125000 3 3 3,295 DETACHD 147
17211 KELOK RD 1399000 1230000 3 3.1 5,384 DETACHD 112
128 NORTHSHORE CIR 1479000 1290000 3 3.1 3,550 DETACHD 764
753 LAKESHORE RD 1385000 1335000 3 3.1 2,562 DETACHD 51
2605 SOUTHSHORE BLVD 1395000 1340000 3 4.1 4,750 DETACHD 234
17225 KELOK RD 1350000 1350000 4 3.1 4,161 DETACHD 0
975 LAKE FRONT RD 1899000 1500000 3 3 3,232 DETACHD 157
16840 ALDER CIR 1595000 1555000 4 2.1 3,563 DETACHD 77
4313 WESTBAY RD 2775000 2100000 4 3.1 4,000 DETACHD 193
890 LAKESHORE RD 2275000 2275000 3 3.1 3,200 DETACHD 0
16819 ALLEN RD 5500000 4850000 3 3.1 4,591 DETACHD 8
1980 TWIN POINTS RD 4987500 4987500 4 5 6,600 DETACHD 0

This is a pretty quick summary. But I think it gives you a small insight into what values are like for homes on Oswego Lake. The lake is just a very beautiful and unique place to own a home. In my experience people who aspire to living on the lake will start out in a more affordable home on a canal and then through the course of their professional lives move up to a home on the main lake. I have also known people who bought distressed properties on the canals and made enough money on a good remodel to sell at a profit and move onto the main lake. In any case, what a great place to come home to at the end of a long day at work. Living on the lake is like always being on vacation.

Please let Linda or I know if you have any questions about buying home on Oswego Lake.
Dianne

Posted on

Open Houses in Lake Oswego for 2/28/2010

This Sunday there are 24 houses being promoted to be hold open, according to the Realtor’s Multiple Listing Service:

Address List Price # BR # BTHS Total SF Prop Type Open
4000 CARMAN DR $160,000 2 2 1,100 CONDO 1 to 4
5373 LAKEVIEW BLVD $329,500 3 1 2,176 DETACHD 1 to4
5299 LAKEVIEW BLVD $379,900 4 2.1 2,165 DETACHD 12 to 2
624 LIVINGOOD LN $380,000 4 3 2,596 DETACHD 1 to 3
119 3RD ST $399,900 3 2 1,204 CONDO 1 to 4
13448 AUBURN CT $474,900 3 2.1 2,535 ATTACHD 1 to 3
5475 WILLOW CT $479,900 3 2.1 2,438 ATTACHD 1 to 3
7 MOUNTAIN VIEW LN $659,500 5 2.1 3,324 DETACHD 1 to 4
15915 WALUGA DR 669000 3 2.1 2,939 DETACHD 2 to 4
5218 WESTFIELD CT 699500 4 2.1 3,125 DETACHD 1 to 4
17110 LOWENBERG TER 799000 4 2.1 2,678 DETACHD 1 to 3
17281 LOWENBERG TER 884900 4 3.1 3,386 DETACHD 1 to 3
17154 LOWENBERG TER 889900 5 3.1 3,497 DETACHD 1 to 3
14480 KRUSE OAKS BLVD 895000 4 3.1 4,661 DETACHD 10 to 2
17896 SW KELOK RD 990000 5 5 4,323 DETACHD 2 to 3:45
18222 SIENA DR 1088000 6 4.1 3,800 DETACHD 1 to 3
18209 SIENA DR 1178950 5 3.1 3,839 DETACHD 1 to 3
17464 RIDGEVIEW LN 1199950 4 3.1 4,407 DETACHD 1 to 3
1808 RIDGE POINTE DR 1269000 5 4.1 4,155 DETACHD 1 to 3
18246 BELLA TERRA DR 1294000 4 3.1 4,196 DETACHD 1 to 3
664 OAK MEADOW DR 1299950 4 3.1 4,198 DETACHD 1 to 3
657 OAK MEADOW DR 1349950 4 3.1 4,371 DETACHD 1 to 3
17364 RIDGEVIEW CT 1399950 4 3.1 4,436 DETACHD 1 to 3
2572 GLEN EAGLES PL 2395000 5 4.2 6,490 DETACHD 1 to 3

Have a great weekend!

Posted on

Lake Oswego Market Trends

I thought it would be interesting to do a couple of snap shots of various price points in the Lake Oswego real estate market. These each cover all listing/sold activity for the last six months and are divided into value ranges. These are for single-family, detached homes and are all located in the 97034 and 97035 zip codes.  Click on any of the graphs to see a larger, easier-to-read version:

Houses priced from $200,000 to $400,000

  • 166 were offered for sale
  • 88 sold
  • There is currently a listing inventory of 6.3 month
  • The average sales price was $324,773
  • Among the sold homes, the CDOM (cumulative days on the market) averaged 129 days

Houses priced from $400,000 to $600,000

  • 156 were offered for sale
  • 71 sold
  • There is currently a listing inventory of 10.7 months
  • The average sales price was $480,964
  • Average cumulative days on the market to sell was 165 days

Houses priced from $600,000 to $800,000

  • 76 were offered for sale
  • 36 sold
  • There is currently an inventory of 10.7 months
  • The average sales price was $701,924
  • Cumulative days on the market to sell was 234

Houses priced from $800,000 to $1,200,000

  • 76 were offered for sale
  • 30 sold
  • There is an inventory of 17.2 months
  • Average sales price was $947,899
  • Cumulative days on the market to sell was 373 days

Homes priced $1,200,000 to $2,200,000

  • 52 were offered for sale
  • 16 sold
  • There is a 24.5 month inventory
  • Average sales price was $1,552,281
  • Cumulative days on the market was 323

I like these little snap shots.  It allows you to visually see the market.  It is very apparent that the first-time-home buyer tax credit that was originally supposed to expire in November had a big impact on the less expensive homes (we will probably see something similar this April with the extension).  It’s also very easy to see that less expensive homes sell more easily than more expensive homes.  Cumulative days on the market in the expensive homes is out and out ugly.

One reason for doing this post, this week, was so that I could play with the new statistics function being offered to Realtors by the RMLS.  Our local multiple listing service was the first in the entire United States to go completely web-based about 8 years ago.  Since then they have continued to push the functions of the website and the new statistics function is the latest enhancement.  It still has some limitations, but it is really cool.  Linda and I can now take snap shots of pretty much any part of the market, depending on what our clients needs are, and produce these spiffy graphs and statistics.  Besides being fun, I think it’s going to be extremely helpful.

I hope you found something useful in the information presented today.  If you have any other areas of the market you’d like studied or questions you’d like answered, just let us know.

Dianne

Posted on

Market Activity for February 15-21, 2010

This past week brought 26 new listings onto the market in Lake Oswego, 8 houses received offers that were accepted, and 6 houses closed escrow.
(see below the tables for additional notes):

NEWLY LISTED (Feb. 15—Feb. 21, 2010)

Address List Price # BR # BTHS Total SF Prop Type List Date
7 CRESTFIELD CT $89,900 1 1 689 CONDO 2/16/2010
44 EAGLE CREST DR $154,000 3 2 1,085 CONDO 2/19/2010
1652 BONNIEBRAE DR $219,900 3 1.1 1,303 CONDO 2/21/2010
16250 PACIFIC HWY $259,000 2 2 1,305 CONDO 2/15/2010
82 WHEATHERSTONE $289,000 3 2.1 1,692 ATTACHD 2/17/2010
12892 BOONES FERRY RD $309,000 2 2.1 1,136 CONDO 2/16/2010
2638 GREENTREE RD $319,900 4 2 2,712 DETACHD 2/17/2010
5110 LAKEVIEW BLVD $339,900 3 2 1,340 DETACHD 2/15/2010
5756 KENNY ST 339900 3 2.1 1,542 DETACHD 2/20/2010
2030 GREENTREE RD 368900 3 2 1,613 DETACHD 2/15/2010
14138 KNAUS RD 375000 4 2 2,001 DETACHD 2/18/2010
18414 SANDPIPER ST 385900 3 2.1 1,712 DETACHD 2/19/2010
4200 COBB WAY 399000 3 3 2,400 DETACHD 2/18/2010
4002 TEMPEST DR 430000 4 3.1 4,319 DETACHD 2/17/2010
18640 TUALATA AVE 439000 4 3 2,087 DETACHD 2/15/2010
5475 WILLOW CT 479900 3 2.1 2,438 ATTACHD 2/19/2010
4763 AVERY LN 514900 4 2.1 2,566 DETACHD 2/18/2010
2440 OVERLOOK DR 525000 4 3 3,874 DETACHD 2/15/2010
5043 ROSEWOOD ST 549900 3 3 2,680 DETACHD 2/16/2010
325 3RD ST 559900 2 2.1 1,937 ATTACHD 2/19/2010
5035 ROSEWOOD ST 564900 3 3 2,875 DETACHD 2/17/2010
45 DA VINCI ST 649000 3 3.1 3,122 DETACHD 2/16/2010
14002 TAYLORS CREST LN 650000 4 3 3,086 DETACHD 2/17/2010
5705 SOUTHWOOD DR 739900 3 2.1 3,372 DETACHD 2/18/2010
4114 CASEY CT 879000 4 2.1 3,405 DETACHD 2/18/2010
983 LAKE FRONT RD 1595000 3 2 2,199 DETACHD 2/18/2010

PENDING SALES (Feb. 15 – Feb. 21, 2010)

Address List Price # BR # BTHS Total SF Prop Type CDOM
47 EAGLE CREST DR $95,000 2 1 932 CONDO 399
1950 BONNIEBRAE DR $179,500 2 1.1 1,056 ATTACHD 91
860 MCVEY AVE $261,360 8 5.1 3,648 DETACHD 8
16266 LAKE FOREST BLVD $314,999 3 2 1,860 DETACHD 303
4051 VIRGINIA WAY $334,900 4 2.1 1,658 DETACHD 139
18040 ROYCE WAY $649,980 5 3 3,780 DETACHD 259
16705 GLENWOOD CT $699,000 4 3 4,243 DETACHD 190
16764 ALDER CIR $1,679,000 4 4.1 3,456 DETACHD 200

SOLD (Feb. 15 – Feb. 21, 2010)

Address O/Price Close Price # BR # BTHS Total SF Prop Type CDOM
45 SW EAGLE CREST DR $205,000 $197,000 3 2 1,348 CONDO 50
192 RIDGEWAY RD $235,000 $200,000 2 1 1,659 CONDO 148
4447 GOLDEN LN $249,000 $229,000 2 2.1 1,980 ATTACHD 531
19 BECKET ST $399,995 $399,995 4 3.1 3,818 DETACHD 72
4938 MULHOLLAND DR $478,500 $450,000 3 2.1 2,498 ATTACHD 217
13311 LESLIE CT $1,479,000 $1,300,000 4 4.1 5,601 DETACHD 223

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.

Posted on

Market Activity for February 8-14, 2010

Last week brought us 14 new listings, 13 pending sales, and 7 closed sales. I want to point out one of the new listings.  Every now and then something comes on the market that just screams at me that it is a great deal.  The house at 17471 Cardinal does that to me.  It just came onto the market as a foreclosure and is priced at $575,900.  It was built in 1973 and has 3056 square feet with 4 bedrooms and 2 and a half baths.  That all sounds pretty normal as far as values goes.  What makes this house amazing is that it’s on Blue Heron Canal.  This is Oswego Lake waterfront for $575,900.  It looks to be in average condition.  Not all updated with granite and stainless steel, but also not a total dog house.  The last time I saw something anywhere near this price on a canal it was a total fixer.  I think this house is a great opportunity for someone who wants a deal on the lake.
(see below the tables for additional notes):

NEWLY LISTED (Feb. 8—Feb. 14, 2010)

Address List Price # BR # BTHS Total SF Prop Type List Date
96 CERVANTES CIR $139,900 2 1.1 912 CONDO 2/10/2010
3433 SW MCNARY PKWY $153,000 2 2 1,008 CONDO 2/10/2010
4340 BOTTICELLI ST $239,900 3 3.1 2,098 CONDO 2/11/2010
860 MCVEY AVE $261,360 8 5.1 3,648 DETACHD 2/11/2010
5055 Foothills DR $274,900 3 2 1,252 CONDO 2/10/2010
44 ORIOLE LN $329,000 4 2.1 2,224 DETACHD 2/14/2010
16044 INVERURIE RD $399,000 2 1 952 DETACHD 2/8/2010
4236 HARVEY WAY $399,500 3 2.1 1,870 DETACHD 2/12/2010
32 CHURCHILL DOWNS 448250 4 2.1 3,016 DETACHD 2/9/2010
17471 CARDINAL DR 575900 4 2.1 3,056 DETACHD 2/11/2010
1000 ATWATER RD 699500 4 3 2,200 DETACHD 2/10/2010
731 F AVE 750000 4 2.1 2,668 DETACHD 2/8/2010
19226 MEGAN PL 765000 3 2.1 3,392 DETACHD 2/8/2010
2125 RIDGE POINTE DR 879000 4 3.1 3,489 DETACHD 2/13/2010

PENDING SALES (Feb. 8 – Feb. 14, 2010)

Address List Price # BR # BTHS Total SF Prop Type CDOM
28 CRESTFIELD CT $79,950 2 2 923 CONDO 5
16250 PACIFIC HWY $99,900 1 1 848 CONDO 1049
3433 MCNARY PKWY $129,900 2 2.1 1,208 CONDO 132
5225 Jean RD $164,900 2 2 1,100 CONDO 92
323 CERVANTES $165,000 2 2 1,265 CONDO 84
17659 DEEMAR WAY $169,000 3 2 1,382 DETACHD 90
65 GREENRIDGE CT $180,000 2 2 1,314 CONDO 80
3009 WEMBLEY PARK RD $329,000 4 1.1 1,754 DETACHD 302
16111 LINDSAY CT 333500 3 2.1 1,840 DETACHD 73
4651 HASTINGS PL 454900 4 2.1 2,215 DETACHD 35
26 WESTRIDGE DR 479900 4 3 2,758 DETACHD 308
5590 KODERRA AVE 689000 4 2.1 3,072 DETACHD 264
64 BERWICK RD 759000 4 3.1 3,740 DETACHD 66

SOLD (Feb. 8 – Feb. 14, 2010)

Address O/Price Close Price # BR # BTHS Total SF Prop Type CDOM
668 MCVEY AVE $143,550 $136,400 3 1.1 992 CONDO 95
13050 BOONES FERRY RD $359,900 $350,000 3 2 2,632 DETACHD 170
19 MORNINGVIEW CIR $469,900 $450,000 3 2.1 2,337 DETACHD 4
401 ASH ST $825,000 $485,000 5 4 5,320 DETACHD 469
18269 TAMAWAY DR $569,000 $490,000 4 2.1 3,293 DETACHD 51
2000 WEMBLEY PARK RD $540,000 $550,000 4 3 2,660 DETACHD 89
17677 WESTVIEW DR $1,423,000 $1,320,000 5 4.1 5,031 DETACHD 130

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.

Posted on

Lake Oswego Open Houses for February 14, 2010

You’ve given your sweetheart the flowers, the chocolates, and the elegant breakfast, now it’s time to take him to an open house! There are 29 open houses in Lake Oswego this Sunday. I’m sure that one of them will have everything your heart desires.

Address List Price # BR # BTHS Total SF Prop Type Open
1547 BOCA RATAN DR $198,600 2 1.1 1,008 ATTACHD 1 to 3
4372 WOODSIDE CIR $274,900 2 2 1,178 ATTACHD 1 to 3
210 S STATE ST $299,950 2 1.1 1,495 CONDO 12 to 3
5373 LAKEVIEW BLVD $329,500 3 1 2,176 DETACHD 2 to 4
4236 HARVEY WAY $399,500 3 2.1 1,870 DETACHD 1 to 4
662 CLARA CT $469,900 3 3 2,740 DETACHD 2 to 4
1414 GREENTREE CIR $479,000 4 2.1 2,330 DETACHD 12 to 2
73 TANGLEWOOD DR $499,500 4 3.1 4,254 DETACHD 12 to 3
14279 CAMDEN LN 525000 4 2.1 2,373 DETACHD 1 to 3
1060 UPPER DEVON LN 559000 3 2.1 2,400 DETACHD 1 to 3
19101 INDIAN CREEK AVE 599900 2 2.1 3,259 DETACHD 1 to 4
4605 CHELSEA LN 649000 4 2.1 3,411 DETACHD 1 to 3
15915 WALUGA DR 669000 3 2.1 2,939 DETACHD 1 to 4
16705 GLENWOOD CT 699000 4 3 4,243 DETACHD 12 to 3
2688 RIVENDELL RD 745000 4 3 3,720 DETACHD 1 to 4
17110 LOWENBERG TER 799000 4 2.1 2,678 DETACHD 1 to 4
17281 LOWENBERG TER 884900 4 3.1 3,386 DETACHD 1 to 4
17154 LOWENBERG TER 889900 5 3.1 3,497 DETACHD 1 to 4
17896 SW KELOK RD 990000 5 5 4,323 DETACHD 2 to 4
18222 SIENA DR 1088000 6 4.1 3,800 DETACHD 1 to 3
18209 SIENA DR 1178950 5 3.1 3,839 DETACHD 1 to 3
18143 SIENA DR 1197000 5 4.1 4,152 DETACHD 1 to 3
17464 RIDGEVIEW LN 1199950 4 3.1 4,407 DETACHD 1 to 3
1808 RIDGE POINTE DR 1269000 5 4.1 4,155 DETACHD 1 to 3
18246 BELLA TERRA DR 1294000 4 3.1 4,196 DETACHD 1 to 3
664 OAK MEADOW DR 1299950 4 3.1 4,198 DETACHD 1 to 3
657 OAK MEADOW DR 1349950 4 3.1 4,371 DETACHD 1 to 3
17364 RIDGEVIEW CT 1399950 4 3.1 4,436 DETACHD 1 to 3
15825 OSWEGO SHORE CT 1985850 4 3.1 4,317 DETACHD 12 to 2
Posted on

Featured Property: 211 Oswego Summit

Newly listed, this home should be at the top of your list if you are considering buying a condo in Lake Oswego. Priced at $229,900, it is a spacious 2 bedroom, 2 full-bath home that has been recently updated. It is immaculate with all new windows, crown moldings, and walnut floors.

This property is on the top floor and at the end of the building. So it is very, very private and very, very quiet. It is also all on one level with an elevator, so there are absolutely zero stairs. It also has an over-sized, one-car garage that is 13×20 feet. The garage is just a few steps from the elevator. So access to your condo is both easy and convenient and you are covered and out of the weather the entire time.

The rooms in this condo are large. The master bedroom is 17×12 and the living room is 21×14. The master has a huge walk-in closet and its own full bath. The living room has a wood-burning fireplace and a deck that goes the entire length of the room.

Did I mention the view? There are spectacular views of SW Portland looking towards the city as well as Mt. St. Helens. Seriously, this is a lot of value for the money without there being a gorgeous view. Then add in the fact that every single day you get to live on top of the world and you have found one great place to live.

This condo is located in Mt. Park on the Western edge of Lake Oswego. Mt. Park is one of the first planned developments in the United States. It features 15 miles of walking paths, tennis, basketball, swimming, weight rooms, exercise classes and a gorgeous rec center that can be used for meetings and receptions.

Here are some of the numbers:
Priced at $229,900
1506 square feet with 2 bedrooms and 2 baths
HOA fees are $361 a month (includes 2 pools, weight room, water, sewer, and garbage) and $207 every 6 months to Mt. Park
taxes are just $2799 per year
The condo was built in 1981 and it has recently been remodeled inside.
The complex is extremely well cared for with gorgeous landscaping and all buildings in excellent condition.

I would love to have the opportunity to show you this property in person. Do not hesitate to give me a call to make an appointment. I can be reached via phone at 503-803-6298 or via e-mail at jdgregoire@earthlink.net

Thanks for taking the time to hear about this fabulous property!
—Dianne

Posted on

Market Activity for January 25-31, 2010

Last week brought 13 new listings onto the market in Lake Oswego, 14 pending sales, and 3 closed sales. In the weekly lockbox activity report, lockbox openings were up for the 4th week in a row. So lots of buyers are out there looking.

I am excited this week to have my own new listing in the market activity report. 211 Oswego Summit came onto the market for $229,900. It is a gorgeous (yes, I know I am prejudiced, but seriously, this home is spectacular) one-level condominium in Oswego Summit. It has over 1500 square feet with 2 HUGE bedrooms and 2 full baths. It is on the top floor with commanding views of Mt. St. Helens and SW Portland, but it has an elevator so there are NO STAIRS. I’ll be holding it open on Broker’s Tour on Tuesday the 2nd from 11am to 1pm. The public is welcome to attend Broker’s Open Houses, so come on by. And if you can’t make it on Tuesday, I’ll be there again on Sunday the 7th from noon to 3pm.

Here is last week’s market activity report:
Here’ your data for last week (see below the tables for additional notes):
NEWLY LISTED (Jan. 25—Jan. 31, 2010)

Address List Price # BR # BTHS Total SF Prop Type List Date
4 TOUCHSTONE DR $156,000 2 2 979 CONDO 1/27/2010
205 CERVANTES $164,900 2 1.1 1,216 ATTACHD 1/26/2010
4 TOUCHSTONE $184,000 3 2.1 1,351 CONDO 1/28/2010
48 EAGLE CREST DR $224,900 2 2 1,370 CONDO 1/26/2010
211 OSWEGO SMT $229,900 2 2 1,506 CONDO 1/31/2010
29 E AVE $289,000 2 1 1,176 DETACHD 1/28/2010
92 GREENRIDGE CT $349,995 3 2.1 1,980 ATTACHD 1/28/2010
5330 LOWER DR $399,000 3 2 2,010 DETACHD 1/29/2010
785 3RD ST 439900 2 1 1,100 DETACHD 1/26/2010
13052 KNAUS RD 475000 5 3 3,026 DETACHD 1/30/2010
4524 AUBURN LN 535000 3 3.1 2,732 DETACHD 1/26/2010
1 BRITTEN CT 625000 4 3 2,325 DETACHD 1/30/2010
15915 WALUGA DR 669000 3 2.1 2,939 DETACHD 1/25/2010

PENDING SALES (Jan. 25 – Jan. 31, 2010)

Address List Price # BR # BTHS Total SF Prop Type CDOM
5225 Jean RD $164,900 2 2 1,100 CONDO 79
105 KINGSGATE RD $269,900 3 2 1,500 DETACHD 203
17650 ARBOR LN $319,000 3 3 2,043 DETACHD 209
2705 ORCHARD HILL PL $374,900 3 2.5 2,250 DETACHD 19
2530 PALISADES CREST DR $376,200 4 2.1 2,774 DETACHD 20
19 BECKET ST $399,995 4 3.1 3,818 DETACHD 72
529 2ND ST $445,000 2 2 1,339 CONDO
19 MORNINGVIEW CIR $469,900 3 2.1 2,337 DETACHD 4
12748 SW 22ND AVE 515000 3 2.1 3,052 DETACHD 188
401 ASH ST 525000 5 4 5,320 DETACHD 469
17649 WOODHURST PL 579900 6 4.1 5,669 DETACHD 285
5322 ROSALIA WAY 699000 4 2.1 3,500 DETACHD 87
17212 CHAPIN WAY 850000 3 2.1 2,541 DETACHD 314
13311 LESLIE CT 1479000 4 4.1 5,601 DETACHD 223

SOLD (Jan. 25 – Jan. 31, 2010)

Address O/Price Close Price # BR # BTHS Total SF Prop Type CDOM
1261 BOCA RATAN DR $239,000 $213,000 3 2 1,611 ATTACHD 93
909 CUMBERLAND PL $374,000 $285,000 4 3 2,716 DETACHD 43
8 WALKING WOODS DR $450,000 $423,000 4 3 3,302 DETACHD 303

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.

Posted on

Open Houses for January 31, 2010

There are 28 open houses being advertised via the RMLS for Lake Oswego this Sunday:

Address List Price # BR # BTHS Total SF Prop Type Open
59 GALEN ST $94,950 1 1 550 CONDO 1 to 3
100 LEONARD ST $264,900 2 2 1,364 CONDO 1:30 to 4
5373 LAKEVIEW BLVD $329,500 3 1 2,176 DETACHD 2 to 4
15965 INVERURIE RD $385,000 4 2 1,915 DETACHD 1 to 3
119 3RD ST $399,900 3 2 1,204 CONDO 1 to 4
3075 ROYCE WAY $430,000 4 3.1 3,667 DETACHD 1 to 4
4955 GALEN ST $435,000 3 2.1 1,887 DETACHD 1 to 4
13448 AUBURN CT $474,900 3 2.1 2,535 ATTACHD 1 to 3
2705 SW ORCHARD HILL LN 499350 3 2.1 2,841 DETACHD 1 to 4
73 TANGLEWOOD DR 499500 4 3.1 4,254 DETACHD 1 to 4
4605 CHELSEA LN 649000 4 2.1 3,411 DETACHD 1 to 3
15915 WALUGA DR 669000 3 2.1 2,939 DETACHD 1 to4
520 C AVE 745000 4 4 3,242 ATTACHD 1 to 2:30
540 C AVE 749000 4 3.1 3,539 ATTACHD 1 to 2:30
17110 LOWENBERG TER 799000 4 2.1 2,678 DETACHD 12 to 3
17281 LOWENBERG TER 884900 4 3.1 3,386 DETACHD 12 to 3
17154 LOWENBERG TER 889900 5 3.1 3,497 DETACHD 12 to 3
12439 SW 22ND AVE 949900 4 3.1 4,118 DETACHD 12 to 4
17896 SW KELOK RD 990000 5 5 4,323 DETACHD 1:30 to 3:30
18222 SIENA DR 1088000 6 4.1 3,800 DETACHD 1 to 3
18143 SIENA DR 1197000 5 4.1 4,152 DETACHD 1 to 3
1808 RIDGE POINTE DR 1269000 5 4.1 4,155 DETACHD 1 to 3
18246 BELLA TERRA DR 1294000 4 3.1 4,196 DETACHD 1 to 3
664 OAK MEADOW DR 1299950 4 3.1 4,198 DETACHD 1 to3
657 OAK MEADOW DR 1349950 4 3.1 4,371 DETACHD 1 to3
17364 RIDGEVIEW CT 1399950 4 3.1 4,436 DETACHD 1 to 3
13961 KNAUS RD 2250000 4 4.2 6,614 DETACHD 3 to 4:30
2572 GLEN EAGLES PL 2395000 5 4.2 6,490 DETACHD 1 to 3

Have a great weekend!