Author: Linda Rossi

Posted on

Market Activity ~ July 28-Aug 3, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 19 New properties enter the market, 20 move to Pending status, and 19 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on Mkt (July 28-Aug 3, 2014)

Address List Price # Beds # Baths Total SF Prop Type
4 TOUCHSTONE #110 $149,000 2 2 1000 CONDO
5225 JEAN RD #605 $199,900 2 2 1400 CONDO
16200 PACIFIC HWY #15 $279,900 2 2 1200 CONDO
466 5TH ST #14 $310,000 2 1.1 1092 CONDO
6243 SW DAWN ST $314,000 3 1.1 1254 DETACHD
1310 OAK TER $379,000 3 1 900 DETACHD
17226 TUALATIN ST $435,000 4 2.1 1942 DETACHD
18929 LONGFELLOW AVE $446,000 3 2 1800 DETACHD
47 DA VINCI ST $489,900 3 2.1 2445 DETACHD
17187 CARLSON CT $495,000 4 3 2082 DETACHD
2802 GREENTREE RD $499,500 3 2 2548 DETACHD
435 7TH ST $649,000 2 2 2010 DETACHD
1766 PALISADES TERRACE DR $799,000 4 2.1 2792 DETACHD
1057 BULLOCK ST $950,000 4 3.1 4700 DETACHD
718 MAPLE ST $1,385,000 3 2.1 4023 DETACHD
16525 MAPLE CIR $1,450,000 3 3.1 3443 DETACHD
17515 BLUE HERON RD $2,595,000 5 5.2 6314 DETACHD
2490 SUMMIT DR $2,595,000 4 2 3000 DETACHD
3796 LAKEVIEW BLVD $2,995,000 3 2.1 4150 DETACHD

PENDING SALES (July 28-Aug 3, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
510 S STATE ST $150,000 1 1 829 CONDO 4
750 1ST ST D25 $224,900 2 2 1350 CONDO 34
73 CONDOLEA WAY #73 $279,000 2 2 2131 CONDO 87
1720 BONNIEBRAE DR $287,500 2 2 1611 ATTACHD 66
139 DEL PRADO ST $399,000 4 2 2967 DETACHD 68
15 TOUCHSTONE $425,000 4 2.1 2276 DETACHD 34
17441 CARDINAL DR $449,500 3 2.1 1836 DETACHD 2
523 2ND ST #105 $465,000 2 2 1274 CONDO 12
7 WINDSOR CT $479,900 5 2.1 2728 DETACHD 62
54 AQUINAS ST $499,900 4 2.1 2632 DETACHD 90
876 SUNNY HILL DR $519,000 4 2.1 2164 DETACHD 52
11 MASARYK ST $549,900 5 4 4823 DETACHD 375
555 COUNTRY CLUB RD $639,900 3 2.5 2133 DETACHD 22
2751 SUMMIT DR $648,950 3 2 2418 DETACHD 2
18322 ANDUIN TER $670,000 4 2.1 3771 DETACHD 106
4096 COLTSFOOT LN $699,000 4 2.1 3316 DETACHD 4
5347 DENTON DR $785,000 4 2.1 3240 DETACHD 1
4591 DOGWOOD DR $889,000 4 3.1 4177 DETACHD 2
50 BRIARWOOD RD $989,000 6 6 7773 DETACHD 185
16775 GRAEF CIR $1,450,000 3 2.1 2448 DETACHD 52

SOLD  (July 28-Aug 3, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
5225 JEAN RD #506 $159,900 $157,000 2 2 1100 CONDO 7
3834 BOTTICELLI ST $190,000 $175,755 2 2 1055 CONDO 137
4711 REMBRANDT LN $399,900 $399,900 3 2.1 2050 DETACHD 36
342 5TH ST $399,000 $402,800 2 1 872 DETACHD 5
14584 WILMOT WAY $439,000 $414,000 4 2.1 1939 DETACHD 57
708 SUNNY HILL DR $495,000 $465,000 3 2 1977 DETACHD 33
1950 GREEN ACRES LN $525,000 $465,000 4 2.1 2659 DETACHD 485
14318 MEADOW GRASS ST $495,000 $473,142 3 2.1 2326 DETACHD 26
16943 GREENTREE AVE $499,000 $475,000 4 3.1 2433 DETACHD 29
4581 TRILLIUM WOODS $567,890 $570,000 3 2.1 2211 ATTACHD 2
577 LAUREL ST $629,900 $647,400 4 3.1 2747 DETACHD 45
17879 SUNDOWN CT $635,000 $657,000 4 2.1 4172 DETACHD 3
14167 EDENBERRY DR $659,000 $659,000 4 2.1 2851 DETACHD 9
4393 SUNDEW CT $784,900 $660,000 4 2.1 4881 DETACHD 72
654 RIDGEWAY RD $825,000 $700,000 4 2 1795 DETACHD 27
14480 KRUSE OAKS BLVD $999,800 $975,000 4 3.1 4661 DETACHD 12
17521 RIDGEVIEW LN $1,379,900 $1,290,000 4 3.1 4813 DETACHD 80
17353 CANAL CIR $1,395,000 $1,400,000 5 4 3329 DETACHD 336
13648 Goodall RD Lot 1 $1,499,000 $1,425,000 4 4.2 5206 DETACHD 513

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

The Big Picture ~ Buying a Home

hurdleLet me just start by saying… I LOVE working with Buyers. My experience is that most Realtors will not venture to say this as the perception is that there is much more labor involved for the Realtor in driving folks to look at properties, working through the inspection, lending and other processes, etc. But me? My background is in Marketing… so I find it easy to list, advertise and sell someone’s home, but I have the most FUN when working with Buyers. It’s something about the adventure of helping someone find a home they Love. It’s researching, finding, and then walking with them into “the one” and watching the looks on their faces. It’s a lot of things for me. It’s the feeling I got into real estate for… and I’m all about Quality of Life- mine and yours. In fact, helping people improve theirs is another reason I got into real estate!

Ok, on that note. I thought I’d talk a little about the “Big Picture” perspective as you move through a transaction. What does the whole thing mean? …For you to spell out what you’re looking for, finally make a decision on one home that is so right for you, and then negotiate through all that follows to get to the finish line. I find that many Buyers don’t know what they’re in for when they start the process, and can potentially lose the Big Picture half-way through. Explaining that is something I incorporate into information at the start of our relationship, and/but…there’s nothing like getting into the middle of it to really throw a Buyer for a loop sometimes. Don’t let a surmountable obstacle become so large that the Big Picture is obscured. There are hurdles in all transactions…and your Realtor will help you jump them.

Hurdle #1– When you find the home of your dreams, it will have a price tag. The first order of business is to assess the lay of the land in that regard with your Realtor, and make a decision on what to offer. (Is it a competitive situation? Has the property been on the market for many months? Is it way overpriced?) Then the offer is made. The Seller will either accept your offer, counter it with their own idea of what they want to see as the sale price or in some instances reject your offer. In most cases the two parties land somewhere price-wise that they can both live with. Ok. That was hurdle number one.

Hurdle #2– You will generally (unless otherwise agreed-to) have ten busines days in which to conduct inspections and be “all negotiated” at midnight on the last of those days. Your Realtor will help you through this process, and most people these days will have a general inspection, a sewer scope and a radon test. You may opt otherwise, but those are generally called for. The inspector(s) WILL find all kinds of things wrong with your dream home. It’s their job to do so. Unless you’re buying new construction (and even then) there will be issues that maybe are 1) “FYI’s” for future maintenance, and 2) issues that need attention (like clogged gutters maybe, venting needed for bathrooms or kitchen, perhaps vapor barrier needed under the home, a tune-up on the furnace sometimes, etc) and possibly 3) issues that present safety concerns (improper wiring, structural concerns, code violations, etc). In the state of Oregon the Seller is selling the home “as-is”. That means they are not obligated to fix anything for you, and/but most people are reasonable, and a good discussion with your Realtor will help you decide which things on your pared-down list make the most sense to ask for, if any. Then a discussion via “addendums” begins with the Seller. Most people end up landing somewhere where all parties feel comfortable.

Hurdle #3– Once you’ve accomplished negotiating through all of that, and you now know you are moving forward, the Appraisal is usually ordered. This tells you and the bank that the price you’ve all agreed on is reasonable on planet earth ; ) The bank wants to make absolutely sure they don’t lend over “appraised value” and you are not obligated (unless you’ve specifically agreed to it) to pay more than appraised value for the home. If the home appraises lower than your agreed-upon sale price, you have choices that you can discuss with your Realtor.

Hurdle #4– Assuming you make it to this last hurdle, the Lender and your Realtor will be working closely with you to help you make sure that you comply with anything that the Lender’s “Underwriter” requests of you. This could involve bank statements, pay stubs, and any number of things that the Underwriter deems necessary to move the file out of their department and make it possible for the Lender to “draw documents”.

The last part of the process is you, your Realtor, your Escrow Officer, and sometimes your Lender sitting at the “Closing Table”…with you signing papers! This occurs at least one or two days prior to your contract’s “Closing Date”. The Closing Date is when the sale is recorded with the county, and funds are released, and the house is yours!

Ok… I had to say all that to get to this: You are going to jump all these hurdles unless you become so upset by any one of them that you derail the process, thereby making the end-goal of furniture-arrangement off-limits : ) Are there ever insurmountable issues that arise? Yes. But those are few and far between. Most everything can be worked through if you stay with it. So… keep perspective as you move through the process, remember your end goal, trust your Realtor, and trust yourself. If the Big Picture dominates your thinking, you’ll make great decisions all the way through : )

Posted on

Market Activity ~ July 14-20, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 18 New properties enter the market, 24 move to Pending status, and 28 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on Mkt (July 14-July 20, 2014)

Address List Price # Beds # Baths Total SF Prop Type
174 OSWEGO SMT $179,900 2 2 1506 CONDO
1 PEACOCK PL $309,000 3 2.1 1248 DETACHD
875 LAKE FOREST DR $385,000 2 1 979 DETACHD
4908 MULHOLLAND DR $439,000 3 2.1 2498 ATTACHD
37 Churchill Downs $460,000 3 2.1 2372 DETACHD
523 2ND ST #105 $465,000 2 2 1274 CONDO
15365 TWIN FIR RD $468,500 3 1 1235 DETACHD
6810 SW CHILDS RD $496,010 4 2.1 3282 DETACHD
937 COUNTRY CLUB RD $509,500 3 1 1990 DETACHD
5115 SW FIRWOOD RD $519,000 3 2.1 1657 DETACHD
16919 LAKERIDGE DR $525,000 6 3 2710 DETACHD
5440 BAY CREEK DR $545,000 3 2.1 2442 DETACHD
12402 SHELBY CT $599,000 4 3 3120 DETACHD
2 Walking Woods DR $615,000 5 3 4291 DETACHD
5043 ROSEWOOD ST $639,900 3 2.1 2963 DETACHD
975 SCHUKART LN $929,000 4 2.1 4449 DETACHD
17335 KELOK RD $1,100,000 4 3.1 2491 DETACHD
199 FURNACE ST $1,950,000 3 3.1 5772 CONDO

PENDING SALES (July 14-July 20, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
45 EAGLE CREST DR #216 $104,999 1 1 600 CONDO 125
370 CERVANTES CIR $119,500 2 1 832 CONDO 83
15938 QUARRY RD #B5 $140,000 2 1 996 CONDO 45
16250 PACIFIC HWY #61 $209,900 2 2 1305 CONDO 136
6360 MCEWAN RD $275,500 3 1.1 1450 DETACHD 41
5950 HARRINGTON AVE $288,000 3 1 960 DETACHD 43
1210 PINE ST $289,950 3 1.1 1720 DETACHD 95
6136 FERNBROOK CIR $293,455 3 1 1250 DETACHD 1
77 CONDOLEA WAY $320,000 3 3 2143 CONDO 47
1285 OAK TER $325,000 3 1.1 1150 DETACHD 11
1400 PARRISH ST $335,000 3 2.1 1880 CONDO 4
135 KINGSGATE RD $357,000 3 2.1 1720 DETACHD 17
164 KINGSGATE RD $359,000 3 2 1757 DETACHD 3
14074 SUNDELEAF DR $369,900 4 2.1 1760 DETACHD 77
15422 PARTRIDGE DR $415,000 4 2.1 1841 DETACHD 30
3065 ROYCE WAY $429,000 4 2.1 2726 DETACHD 223
5 FALSTAFF ST $495,000 4 2.1 2417 DETACHD 12
363 6TH ST $559,900 3 3.1 2258 ATTACHD 253
5807 RIDGETOP CT $599,000 5 2.1 2650 DETACHD 23
5415 BAY CREEK DR $600,000 3 2.1 3105 DETACHD 3
5027 ROSEWOOD ST $659,900 4 3.1 3156 DETACHD 83
146 DEL PRADO ST $699,900 3 3 3263 DETACHD 7
1224 TYNDALL CT $950,000 4 3.1 4157 DETACHD 38
3730 MARQUIS CT $1,899,000 4 5.1 6039 DETACHD 489

SOLD  (July 14-July 20, 2014)

Address Open Price Closed Price # Beds # Baths Total SF Prop Type CDOM
5225 JEAN RD #201 $174,900 $164,900 3 2 1500 CONDO 59
26 WHEATHERSTONE $249,900 $228,500 3 2.1 1692 ATTACHD 8
5487 TUALATA CT $250,000 $250,000 3 2 1191 DETACHD 0
111 TOUCHSTONE TER $249,900 $256,750 2 2 1341 ATTACHD 3
53 GREENRIDGE CT $260,000 $260,000 3 2 1646 ATTACHD 24
4261 COLLINS WAY $280,000 $325,000 3 2 1476 DETACHD 3
11 ABELARD ST $369,000 $360,000 3 2.1 1985 DETACHD 2
5365 LAKEVIEW BLVD $395,000 $395,000 4 2.1 1754 DETACHD 1
4956 GALEN ST $399,999 $395,000 4 2.1 2431 DETACHD 45
524 2ND ST $420,000 $417,000 2 2.1 1547 CONDO 0
5284 RED LEAF ST $455,000 $455,000 3 2.1 2142 DETACHD 6
17095 REBECCA LN $515,000 $469,000 4 3 2379 DETACHD 82
4 CHURCHILL DOWNS $509,500 $512,000 4 3.1 3188 DETACHD 1
4582 HASTINGS PL $599,900 $582,000 4 2.1 2640 DETACHD 5
2478 MARYLVIEW CT $619,000 $612,000 4 3 3526 DETACHD 2
6457 MCDUFF CT $675,000 $643,000 4 3.1 3120 DETACHD 266
13437 PROVINCIAL HILL WAY $675,000 $685,000 4 2.1 2864 DETACHD 8
1775 PALISADES TERRACE DR $625,000 $685,000 3 2.1 2112 DETACHD 7
16757 FORD PL $725,000 $702,000 4 3 3150 DETACHD 62
2560 BREE CT $738,000 $713,000 5 3.1 3788 DETACHD 23
13529 STREAMSIDE DR $799,000 $799,000 6 4.1 5415 DETACHD 2
5152 LAKEVIEW BLVD $795,000 $809,699 4 2.1 3414 DETACHD 166
15578 VILLAGE DR $889,000 $870,000 3 2.1 3630 DETACHD 19
18000 SARAH HILL LN $999,999 $979,000 4 2.1 3280 DETACHD 31
616 ATWATER RD $1,050,000 $990,000 4 4 5558 DETACHD 140
18325 CRESTLINE DR $1,240,000 $1,060,000 5 4 5418 DETACHD 74
263 NORTHSHORE RD $1,598,000 $1,545,000 5 3 3684 DETACHD 88
2926 LAKEVIEW BLVD $2,395,000 $2,000,000 4 4.1 4902 DETACHD 290

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

News & Notes

Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) numbers:

The latest numbers show robust activity in Portland and the Lake Oswego/West Linn areas for June.

According to the RMLS Market Action Report for the Portland Metro Area  June, 2014:

  • At 2,617, June Closed Sales rose 4.2% over last June’s  2,511, and was the strongest June for closed sales in the region since 2007!
  • There were 4,078 New Listings in June... 8.7% higherer than June 2013, but down 2.7% from May when there were 4,192.
  • The Average Sale Price in June was $334,800, down just $500. from May’s $335,300.
  • June Pending Sales (accepted offers) were down slightly at 0.8% from May to 2,965, and/but rose 5.7% from June 2013.

The combined areas of Lake Oswego and West Linn  for June reported:

    • 539 Active Listings
    • 252 New Listings
    • 162 Pending Sales
    • 156 Closed Sales
    • An average Sale Price of $527,300.
    • Average Time on the Market: 74 Days
Posted on

Market Activity ~ June 30-July 6, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 18 New properties enter the market, 27 move to Pending status, and 18 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on Mkt (June 30-July 6, 2014)

Address List Price # Beds # Baths Total SF Prop Type
87 OSWEGO SMT $119,000 2 1.1 1116 CONDO
4 TOUCHSTONE #62 $158,500 3 2.1 1351 CONDO
18325 SW 65TH AVE $315,000 3 1.1 1071 DETACHD
1285 OAK TER $325,000 3 1.1 1150 DETACHD
23 FALSTAFF ST $349,500 3 2 1434 DETACHD
1380 BONNIEBRAE DR $415,000 5 3 2940 DETACHD
13371 PETERS RD $447,000 3 2.1 2340 DETACHD
3225 TEMPEST DR $448,000 3 2.1 2231 DETACHD
5 FALSTAFF ST $495,000 4 2.1 2417 DETACHD
828 5TH ST $550,000 2 2 1884 DETACHD
3 WALKING WOODS DR $635,000 5 3 3853 DETACHD
1805 GLENMORRIE TER $718,000 3 2.1 2640 DETACHD
18020 SKYLAND CIR $823,500 4 3.1 3210 DETACHD
496 8TH ST $869,000 4 2 2521 DETACHD
796 1ST ST $937,000 3 2.1 4108 DETACHD
1917 PALISADES LAKE CT $1,149,000 5 2.1 3852 DETACHD
1972 CHERYL CT $2,200,000 3 4.1 6952 DETACHD
2896 LAKEVIEW BLVD $2,225,000 5 4.1 5364 DETACHD

PENDING SALES (June 30-July 6, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY $115,000 2 1.1 822 CONDO 7
3902 CARMAN DR $204,900 3 2.1 1334 ATTACHD 3
4405 THUNDER VISTA LN $225,000 2 2.1 2002 CONDO 49
26 WHEATHERSTONE $249,900 3 2.1 1692 ATTACHD 8
7140 SW CHILDS RD $285,000 3 1 2032 DETACHD 7
60 GREENRIDGE CT $312,000 4 2.1 2296 ATTACHD 17
46 GREENRIDGE CT $338,000 3 2.1 2136 ATTACHD 2
2604 GLEN HAVEN RD $339,500 4 2 1704 DETACHD 12
5073 W SUNSET DR $364,900 2 2.1 1720 ATTACHD 5
2130 WEMBLEY PARK RD $399,900 3 1.1 1544 DETACHD 1
17088 REBECCA LN $459,000 4 3 2554 DETACHD 301
10 HOTSPUR ST $492,000 4 2.1 2313 DETACHD 4
14318 MEADOW GRASS ST $495,000 3 2.1 2326 DETACHD 26
73 TANGLEWOOD DR $509,900 4 3.1 4278 DETACHD 13
876 SUNNY HILL DR $519,000 4 2.1 2164 DETACHD 21
3815 SOUTHSHORE BLVD $574,900 4 2 2638 DETACHD 0
4736 LAKEVIEW BLVD $589,000 5 3.1 2838 DETACHD 18
14246 KIMBERLY CIR $669,000 4 2.1 3520 DETACHD 25
14564 KRUSE OAKS BLVD $689,900 5 2.1 3001 DETACHD 10
4393 SUNDEW CT $699,900 4 2.1 4881 DETACHD 72
4076 ORCHARD DR $739,000 4 3.1 3991 DETACHD 45
5676 SUNCREEK DR $799,000 4 3.1 3312 DETACHD 2
16161 PARELIUS CIR $899,900 4 2.1 4018 DETACHD 40
730 KENOLA CT $937,500 4 3.1 4319 DETACHD 8
16809 QUAIL CT $949,900 5 3.1 4425 DETACHD 40
4333 HAVEN ST $999,900 5 4 3652 DETACHD 56
4101 SOUTHSHORE BLVD $2,850,000 3 3.1 3707 DETACHD 2

SOLD  (June 30-July 6, 2014)

Address Open Price Closed Price # Beds # Baths Total SF Prop Type CDOM
3988 CARMAN DR $174,900 $175,000 2 2.1 1098 CONDO 9
4047 JEFFERSON PKWY $172,500 $176,750 3 2.1 1228 CONDO 3
2803 ORCHARD HILL PL/GRND $369,900 $369,900 3 2.1 1749 DETACHD 5
4411 LAKEVIEW BLVD $395,000 $379,500 3 2 1828 DETACHD 6
790 LAUREL ST $379,850 $385,000 3 2 2040 DETACHD 5
3300 SOUTHSHORE BLVD $479,000 $400,000 2 2.2 1162 DETACHD 297
4729 LAKEVIEW BLVD $450,000 $418,749 3 2.1 2490 DETACHD 105
13911 SHIREVA DR $414,900 $428,000 4 2 1835 DETACHD 2
5498 YORKSHIRE PL $462,000 $460,000 3 2 1911 DETACHD 68
13378 PETERS RD $535,000 $465,000 3 2.2 2355 DETACHD 279
12 MOZARTEUM CT $495,000 $483,000 4 2.1 2915 DETACHD 10
3601 RED CEDAR WAY $507,000 $499,000 4 2 2226 DETACHD 86
17350 CANYON DR $634,900 $609,000 6 3.1 3488 DETACHD 107
3015 ROYCE WAY $689,900 $625,000 5 3.1 4081 DETACHD 41
14250 AMBERWOOD CIR $650,000 $642,000 4 2.1 2577 DETACHD 21
18717 PILKINGTON RD $674,900 $673,000 4 2.1 2684 DETACHD 48
5767 SUNCREEK DR $679,000 $675,000 4 3 3363 DETACHD 15
3109 DOUGLAS CIR $1,475,000 $1,443,000 5 4.2 4880 DETACHD 7

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

The Haps in Lake Oswego

4thSummer is in full swing and Lake Oswego offers a variety of ongoing family and community events for your pleasure.

The following is a sampling of activities coming right up in Lake Oswego:

 

* Iron Works Historic Tour – Saturday, June 28 – 8:30-10:30AM – George Rogers Park – Click HERE for more info.

* Kindercamp! – “1/2 Days”  M-F thru Aug 15th  – 4101 Kruse Way – Click HERE for more details.

* Understanding US Military Patches – Tues, June 24, 7:00 – 8:30PM – Lake Oswego Library -Click HERE for more details.

* Supervised Computer Lab – Every Wed – 1:00-2:30PM – Adult Community Center – All are Welcome. Click HERE for more.

* Star Spangled Parade and Celebration!!! –  Fri, July 4th – (staging at 9AM) 10:00AM-2:00PM – Millenium Plaza Park – Click HERE for more info.

* Lake Corp Fireworks!!!  (+Road Closure Info) – Fri, July 4th – 9 – 11AM   –  Click HERE for more info.

 

Posted on

Market Activity ~ June 16-22, 2014

Wow. I can’t believe June is almost over! Summertime is in full swing and it shows in our real estate market activity.

Here is your Latest Market Data: Last week in Lake Oswego we saw 27 New properties enter the market, 25 move to Pending status, and 18 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on Mkt (June 16-22, 2014)

Address List Price # Beds # Baths Total SF Prop Type
98 OSWEGO SMT $146,000 2 2 1140 CONDO
45 EAGLE CREST DR #100 $215,000 3 2 1537 CONDO
200 BURNHAM RD #402 $285,000 2 2 1305 CONDO
60 GREENRIDGE CT $312,000 4 2.1 2296 ATTACHD
2604 GLEN HAVEN RD $375,000 4 2 1704 DETACHD
16266 LAKE FOREST BLVD $389,900 3 2 1860 DETACHD
15422 PARTRIDGE DR $420,000 4 2.1 1841 DETACHD
5907 SW FERNBROOK CIR $429,700 4 2 1892 DETACHD
10 MOZARTEUM CT $445,000 3 3 2755 DETACHD
529 2nd ST $450,000 2 2 1339 CONDO
628 1ST ST $450,000 2 2.1 1776 ATTACHD
17211 ROBB PL $479,900 3 2 2085 DETACHD
714 2ND ST $499,900 2 2 1480 DETACHD
644 ELLIS AVE $499,900 3 2 2240 DETACHD
73 TANGLEWOOD DR $509,900 4 3.1 4278 DETACHD
629 5TH ST $529,000 2 1 1122 DETACHD
2584 PARK RD $586,999 4 2 2302 DETACHD
1008 OAK ST $589,900 3 3.1 2602 DETACHD
14564 KRUSE OAKS BLVD $689,900 5 2.1 3001 DETACHD
13148 SANDALWOOD CT $710,000 4 2.1 3190 DETACHD
4079 ORCHARD DR $759,000 5 3 4326 DETACHD
654 RIDGEWAY RD $825,000 4 2 1795 DETACHD
14034 TAYLORS CREST LN $895,000 5 3.2 4080 DETACHD
3950 EDENS EDGE DR $1,198,000 4 3.1 4427 DETACHD
4515 WEST RD $1,350,000 4 3.1 5262 DETACHD
3190 DOUGLAS CIR $1,559,000 4 3.2 4840 DETACHD
17301 Canal CIR $1,999,999 5 4.1 3843 DETACHD

PENDING SALES (June 16-22, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
5225 JEAN RD #201 $164,900 3 2 1500 CONDO 59
3956 CARMAN DR $199,900 2 2.1 1107 ATTACHD 10
3101 MCNARY PKWY $220,000 3 2.1 1894 ATTACHD 604
111 TOUCHSTONE TER $249,900 2 2 1341 ATTACHD 3
4261 COLLINS WAY $280,000 3 2 1476 DETACHD 3
77 GREENRIDGE CT $300,000 3 2.1 2102 ATTACHD 0
11 ABELARD ST $369,000 3 2.1 1985 DETACHD 2
880 BOCA RATAN DR $389,900 5 3 2364 DETACHD 9
4470 CHAPMAN WAY $389,900 3 3 2125 DETACHD 41
1710 MEADOWS DR $399,900 3 2 1677 DETACHD 66
550 2ND ST $419,995 2 1.2 1558 CONDO 16
14584 WILMOT WAY $439,000 4 2.1 1939 DETACHD 57
221 HIDALGO ST $448,000 3 2.1 2680 DETACHD 1
5284 RED LEAF ST $455,000 3 2.1 2142 DETACHD 6
13053 SIERRA CT $459,900 4 2.1 2215 DETACHD 107
1012 ANDREWS RD $519,900 3 2 2143 DETACHD 109
18212 INDIAN CREEK DR $549,900 4 2.1 2251 DETACHD 6
14412 MEADOW GRASS ST $584,000 4 2.1 3259 DETACHD 260
11 JUAREZ ST $595,000 4 2.1 2551 DETACHD 23
3033 WESTVIEW CIR $600,000 5 4.1 5013 DETACHD 254
6457 MCDUFF CT $675,000 4 3.1 3120 DETACHD 266
616 ATWATER RD $999,500 4 4 5558 DETACHD 140
14480 KRUSE OAKS BLVD $999,800 4 3.1 4661 DETACHD 12
17521 RIDGEVIEW LN $1,329,900 4 3.1 4813 DETACHD 80
17471 CARDINAL DR $1,369,000 5 3.1 3181 DETACHD 10

SOLD  (June 16-22, 2014)

Address Open Price Close Price # Beds # Baths Total SF Prop Type CDOM
109 OSWEGO SMT #109 $149,900 $130,000 2 2 1212 CONDO 34
4 TOUCHSTONE #104 $128,000 $131,500 3 2.1 1351 CONDO 50
46 CERVANTES CIR $150,000 $150,000 2 1.1 912 CONDO 6
1878 MAPLELEAF RD $330,000 $300,000 3 1.1 1347 DETACHD 22
915 BULLOCK ST $475,000 $425,000 4 3 2986 DETACHD 249
5796 BAY POINT DR $475,000 $485,000 4 2.1 2328 DETACHD 0
4867 SAGE HEN WAY $532,500 $529,600 4 2.1 2523 DETACHD 10
5657 GRAND OAKS DR $579,900 $574,900 3 2.1 2783 DETACHD 22
117 FURNACE ST $659,000 $645,000 2 2.1 1885 CONDO 45
3 CREEKSIDE TER $750,000 $680,127 4 3.1 4355 DETACHD 108
2757 SW RIVENDELL RD $734,900 $701,000 4 3.1 3960 DETACHD 1
13515 STREAMSIDE DR $849,900 $735,000 5 4.1 4357 DETACHD 264
13774 Melrose PL $788,950 $768,000 4 4.1 4940 DETACHD 1
17224 CEDAR RD $850,000 $790,000 3 2 3098 DETACHD 179
14435 UPLANDS DR $848,950 $835,000 4 3.1 4402 DETACHD 55
13531 FIELDING RD $849,000 $845,000 4 3.1 4566 DETACHD 1
752 8TH ST $1,250,000 $1,130,000 4 3.1 4550 DETACHD 53
17226 CHAPIN WAY $1,395,000 $1,559,795 4 3.1 4917 DETACHD 353

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

News & Notes

Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) numbers:

The latest numbers show robust activity in Portland and the Lake Oswego/West Linn areas for May.

According to the RMLS Market Action Report for the Portland Metro Area  May, 2014:

  • At 2,483, May Closed Sales rose 15.9% from April’s 2,143, but were down 7.4% from 2,682 in May 2013.
  • There were 4,192 New Listings in May... 15.5% higherer than April’s 3,629, and also up 9.4% from May 2013 when there were 3,833.
  • The Average Sale Price in May was $335,300, up $2,700. from April’s $332,600.
  • May Pending Sales (accepted offers) were up 5.8% from April to 2,989, and/but just up .4% from May 2013.

The combined areas of Lake Oswego and West Linn  for May reported:

    • 515 Active Listings
    • 256 New Listings
    • 161 Pending Sales
    • 139 Closed Sales
    • An average Sale Price of $532,100.
    • Average Time on the Market: 74 Days
Posted on

Market Activity ~ June 2-8, 2014

Very strong Activity. The Realtors and Inspectors are busy. Note the Pending totals.

Here is your Latest Market Data: Last week in Lake Oswego we saw 19 New properties enter the market, 35 move to Pending status, and 15 “Closed”/Sold. Following is the breakdown according to RMLS:

NEW on Mkt (June 2-8, 2014)

Address List Price # Beds # Baths Total SF Prop Type
15938 QUARRY RD #B5 $144,500 2 1 996 CONDO
5225 JEAN RD #506 $159,900 2 2 1100 CONDO
4047 JEFFERSON PKWY $172,500 3 2.1 1228 CONDO
3956 CARMAN DR $199,900 2 2.1 1107 ATTACHD
16200 Pacific HWY #21 $269,000 2 2 1190 CONDO
6360 MCEWAN RD $275,500 3 1.1 1450 DETACHD
5950 HARRINGTON AVE $298,000 3 1 960 DETACHD
17460 SCHALIT WAY $417,500 4 3 2190 DETACHD
550 2ND ST $419,995 2 1.2 1558 CONDO
3351 FIR RIDGE RD $435,000 3 2 1770 DETACHD
28 WESTRIDGE DR $449,900 3 2.1 2580 DETACHD
2 MORNINGVIEW CIR $489,000 3 2.1 2954 DETACHD
14318 MEADOW GRASS ST $495,000 3 2.1 2326 DETACHD
16901 LAKERIDGE DR $545,000 4 3 2080 DETACHD
1282 HIDE A WAY LN $560,000 5 3 3300 DETACHD
14480 KRUSE OAKS BLVD $999,800 4 3.1 4661 DETACHD
17680 WOODHURST DR $1,095,000 5 3.1 5478 DETACHD
14050 Goodall RD $1,699,000 5 4.2 6834 DETACHD
1210 CHANDLER RD $3,195,000 4 5.2 7668 DETACHD

PENDING SALES (June 2-8, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
206 RIDGEWAY RD $149,000 1 1 778 CONDO 1
45 EAGLE CREST DR $155,000 2 1.1 1308 CONDO 3
5054 FOOTHILLS DR #C $239,000 3 2 1252 CONDO 245
53 GREENRIDGE CT $260,000 3 2 1646 ATTACHD 24
12731 19TH AVE $349,900 3 2 2020 DETACHD 75
1044 OBRIEN ST $387,500 3 2 1902 DETACHD 9
4411 LAKEVIEW BLVD $395,000 3 2 1828 DETACHD 6
16 POLONIUS ST $419,000 3 2.1 2588 DETACHD 48
2660 LOOKOUT CT $469,000 4 3 2565 DETACHD 90
15443 MEADOWLARK CT $469,000 3 2 1872 DETACHD 1
17095 REBECCA LN $469,900 4 3 2379 DETACHD 82
12 MOZARTEUM CT $495,000 4 2.1 2915 DETACHD 10
2388 OVERLOOK DR $499,977 4 3 2765 DETACHD 65
18 MORNINGVIEW CIR $540,000 3 2.1 2931 DETACHD 64
4728 LAKEVIEW BLVD $574,900 5 3.1 2838 DETACHD
15644 FIELDSTONE DR $575,000 3 2.1 2588 DETACHD 56
201 RIDGEWAY RD $589,000 2 1 2327 DETACHD 86
4582 HASTINGS PL $599,900 4 2.1 2640 DETACHD 5
2478 MARYLVIEW CT $619,000 4 3 3526 DETACHD 2
577 LAUREL ST $629,900 4 3.1 2747 DETACHD 45
18283 LOTHLORIEN WAY $639,500 4 3 3015 DETACHD 16
117 FURNACE ST $659,000 2 2.1 1885 CONDO 45
14246 KIMBERLY CIR $669,000 4 2.1 3520 DETACHD 1
13437 PROVINCIAL HILL WY $675,000 4 2.1 2864 DETACHD 8
13300 FOX RUN $699,900 4 2.1 4484 DETACHD 60
5626 GRAND OAKS DR $715,500 4 3.1 3387 DETACHD 15
16757 FORD PL $725,000 4 3 3150 DETACHD 62
3766 RIVERS EDGE DR $729,900 3 3 3404 DETACHD 13
2560 BREE CT $738,000 5 3.1 3788 DETACHD 23
2671 GLEN EAGLES RD $850,000 3 3 4019 DETACHD 24
3900 CANAL RD $897,950 4 3.1 3759 DETACHD 40
4311 UPPER DR $947,500 5 3.1 5051 DETACHD 87
17342 RIDGEVIEW CT $1,250,000 4 3.1 4240 DETACHD 294
17353 CANAL CIR $1,395,000 5 4 3329 DETACHD 336
263 NORTHSHORE RD $1,598,000 5 3 3684 DETACHD 88

SOLD (June 2-8, 2014)

Address Open Price Closed Price # Beds # Baths Total SF Prop Type CDOM
225 CERVANTES $135,000 $139,000 2 1.1 1216 CONDO 2
4 TOUCHSTONE #69 $163,500 $162,500 3 2.1 1351 CONDO 28
5059 FOOTHILLS DR #105 $185,000 $182,500 2 2 991 CONDO 0
5213 ROSEWOOD ST $379,900 $374,900 3 2.1 1934 DETACHD 76
16775 WESTVIEW DR $375,000 $380,000 3 2.1 1830 DETACHD 56
15201 CANDLEWOOD CT $450,000 $405,000 3 3 2755 DETACHD 406
1831 KILKENNY DR $449,500 $445,000 5 3 2597 DETACHD 34
14920 TWIN FIR RD $739,000 $475,000 3 1.1 1530 DETACHD 284
1 BRITTEN CT $499,900 $499,000 4 3 2327 DETACHD 51
4264 WESTBAY RD $549,000 $549,900 3 2 1308 DETACHD 16
13528 TWIN CREEK LN $689,900 $665,000 4 3.1 3171 DETACHD 88
832 HOODVIEW LN $750,000 $760,000 4 2 2462 DETACHD 16
6011 CLAIRMONT CT $775,000 $775,000 4 2.1 2969 DETACHD 0
3727 UPPER DR $1,000,000 $965,000 3 3.1 4731 DETACHD 74
705 TERRACE DR $1,795,000 $1,700,000 4 3.1 3686 DETACHD 397

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

Tips and Tidbits

HandyHomeHome Repairs – When a house is in the middle of a transaction, does the Seller need to utilize licensed, bonded contractors to effect repairs that have been agreed upon? Yes! (Gold Star : ) Why? Well… there are several reasons- 1) It’s Oregon State Law when you’re in the middle of a real estate transaction. 2) It may state so in the Addendum you all signed (I always put it in there to make sure everyone is clear) or it is embedded in the current OREF Buyers Repair Addendum. 3) It just makes sense… for the Buyer and the Seller. Why? Well:
* Buyers: Licensed, bonded contractors typically know what they’re doing. We assume that’s how they got licensed and bonded. True, you can have someone who is not licensed and bonded do minor repairs in theory, and maybe come out OK, but what if someone, say, believes that really “pressure-washing” a roof is how to get moss off (too much pressure will, I’m told, wash the crystals off the roof tiles that actually cause them to be effective…), or thinks it’s OK to pour concrete directly up against the wood structure or siding of the house (it’s not OK: How Not To ) or thinks they know enough to do the “minor” wiring called for in the Addendum ummm…(safety first… common sense…).
So. if you’re the Buyer, and work was done that you realize was not done well AFTER you’ve already moved in (This is not good, by the way…you should always do a walk-through prior to close. But occasionally unsafe or shoddy work will not be noticeable till later), you can at least call the contractor up and address that with them and have a leg to stand on if they are licensed and bonded.
* Sellers: In light of what I mention above, wouldn’t you rather have had a licensed, bonded contractor perform repairs on your transaction? Its not about relinquishing responsibility for making sure repairs are done properly, but rather about making sure the contractors you choose can actually back it up, and take responsibility themselves for the work they’ve done.