Author: Linda Rossi

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Market Activity Report ~ Jan 31 – Feb 6, 2011

Last Week Lake Oswego saw 15 New properties enter the market, 11 move to Pending status, and 12 Closed sales.

See below for further details according to RMLS:

NEWLY LISTED (Jan 31-Feb 6, 2011)

Address List Price # Beds # Baths Total SF Prop Type
4322 BOTTICELLI ST $239,900 2 2.1 2043 CONDO
4382 WOODSIDE CIR $275,000 2 2 1250 CONDO
8 CONDOLEA DR $279,000 2 0.2 1312 CONDO
575 HEMLOCK ST $289,000 3 2 1175 DETACHD
5204 ROSEWOOD ST $344,900 3 2.1 1683 DETACHD
6122 CARMAN DR $380,000 4 0.2 1508 DETACHD
18929 INDIAN SPRINGS RD $435,000 4 3 3380 DETACHD
15 CHURCHILL DOWNS $499,900 3 2 2014 DETACHD
16219 WHITE OAKS DR $549,000 4 2.1 2862 DETACHD
134 DEL PRADO ST $589,000 5 3 3600 DETACHD
1941 SW Green Acres LN $619,900 3 3 2542 DETACHD
2011 RIDGEWOOD LN $668,950 5 3.1 3012 DETACHD
4186 LAKEVIEW BLVD $675,000 2 1.1 1800 DETACHD
1015 SOUTHSHORE BLVD $695,000 4 3 3522 DETACHD
6435 MCDUFF CT $759,950 4 3.1 3206 DETACHD

PENDING SALES (Jan 31 – Feb 6, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
99 OSWEGO SMT $69,900 2 1.1 1116 CONDO 88
243 CERVANTES CIR $95,000 2 2 1292 CONDO 319
186 OSWEGO SMT $199,500 2 2 1506 CONDO 94
18 SUMMIT RIDGE CT $275,000 2 2.1 1548 ATTACHD 321
5827 BONITA RD $299,900 4 2 1771 DETACHD 245
13332 VERMEER DR $409,900 4 3 2382 DETACHD 10
5714 CHARLES CIR $460,000 4 3 2501 DETACHD 32
19245 SW MEGLY CT $559,900 5 3 3490 DETACHD 246
744 9TH ST $995,000 4 3.1 4255 DETACHD 465
163 IRON MOUNTAIN BLVD $1,075,000 4 3.1 4314 DETACHD 102
3700 UPPER DR $1,390,000 4 3.1 5191 DETACHD 321

SOLD (Jan 31 – Feb 6, 2011)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE #102 $99,900 $91,000 4 2 1488 CONDO 144
16250 PACIFIC HWY #63 $169,000 $99,000 2 2 1311 CONDO 1206
16 MOUNTAIN CIR $160,000 $115,000 2 2 1065 ATTACHD 236
4314 BOTTICELLI ST $229,000 $213,000 2 2.1 2098 CONDO 60
1818 COUNTRY CLUB RD $269,000 $245,000 4 2 1596 DETACHD 55
427 9TH ST $299,900 $285,000 4 2 2130 DETACHD 136
4243 ALBERT CIR $354,000 $330,000 4 3 2257 DETACHD 132
4198 GLACIER LILY ST $389,000 $440,000 4 3 2806 DETACHD 3
15671 VILLAGE DR $649,000 $550,000 3 2.1 3390 DETACHD 612
14480 KRUSE OAKS BLVD $749,900 $680,000 4 3.1 4661 DETACHD 281
1901 CHERYL CT $949,900 $930,757 4 4.1 4863 DETACHD 16
3118 DOUGLAS CIR $1,275,000 $975,000 3 2.1 3562 DETACHD 281

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

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Lake Oswego Open Houses ~ Feb. 6, 2011

Per RMLS, there are 14 beautiful homes being held Open Sunday.

One of these might be “the one” for you!

Enjoy:

Address L/Price 3 Beds # Baths Total SF Style Open
8 CONDOLEA DR $279,000 2 0.2 1312 CONDO 1-3PM
446 5TH ST $295,000 2 1.1 1092 CONDO 1-3PM
1830 CLOVERLEAF RD $373,000 5 2 1795 DETACHD 1:30-3:30PM
2705 ORCHARD HILL LN $410,000 3 2.1 2841 DETACHD 1-3PM
775 BOCA RATAN DR $429,900 4 3.1 2727 DETACHD 11:30-1:30PM
18929 INDIAN SPRINGS RD $435,000 4 3 3380 DETACHD 1-4PM
19319 SW DOGWOOD CT $499,900 4 2.1 3105 DETACHD 10AM-4PM
19263 MEGLY CT $549,900 5 3 3213 DETACHD 10AM-4PM
19245 SW MEGLY CT $559,900 5 3 3490 DETACHD 10AM-4PM
1217 TYNDALL CT $599,000 4 4 5181 DETACHD 12-3PM
1930 INDIAN TRL $669,000 3 3 3260 DETACHD 12-2PM
17884 KELOK RD $695,000 5 3.1 4124 DETACHD 1:30-3:45PM
17896 KELOK RD $695,000 6 5.1 4323 DETACHD 1:30-3:45PM
100 GARIBALDI ST $899,000 5 3.2 4572 DETACHD 1-3PM
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Mortgage and Market Tidbits

  • Predictions – Both Fiserv and Moody Analytics are reporting that home prices have already leveled out in one of every four metro areas. Both are also saying that they estimate price stability will characterize 3/4 of US markets by the end of 2011, and they are even saying that they are expecting 100% to stabilize by the end of 2012.
    Fiserv in particular is saying that markets already stabilized include San Diego, Washington DC & San Francisco.  They expect markets to stabilize by the end of 2011 in: Minneapolis, New York City, and Portland Oregon (!!!).  Then comes the bad news as their predictions of the markets in Miami, Phoenix & Las Vegas, they say, will not stabilize till 2012.
  • Help from Uncle Sam “Getting Green” –  You may or may not know about the FHA’s new/upcoming “Power-Saver Loan”.  This loan is part of the government’s “Recovery Through Retrofit” program promoting energy efficiency and creating green jobs. Stay tuned for more details as this program is in the final stages of development and a select group of lenders will be qualified to help Buyers take advantage of a rare opportunity to be patriotic while simultaneously obtaining funding to get the green home of their dreams!
  • Home-Buyer FAQ’s Answered – So many questions so little time… But the NAR and HUD have recently released three free videos covering the basics of buying a home.  Shopping for a Home, Shopping for Your Loan, Closing the Deal.  All three take a total of approx. 30 minutes to view, and hey, your questions will be answered!!  Visit youtube.com/HUDchannel
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Market Activity Report ~ Jan 17-23, 2011

There was an amazing amount of “freshening” of listings done last week. Out of 33 properties listed as “new” on the market, only 11 were truly New listings.  Last Week Lake Oswego also saw 16 Pending sales, and 10 Closed sales according to RMLS.

See below for further details according to RMLS:

NEWLY LISTED (Jan 17-23, 2011)

Address List Price # Beds # Baths Total SF Prop Type
16200 PACIFIC HWY #11 $155,700 2 2 1190 CONDO
5225 JEAN RD 307 $165,000 2 2 1100 CONDO
3101 MCNARY PKWY 12 $190,000 2 2.1 1363 CONDO
5215 MADRONA ST $250,000 3 2 1325 DETACHD
2755 GLEN HAVEN RD $325,000 3 2 2088 DETACHD
13332 VERMEER DR $409,900 4 3 2382 DETACHD
9 SPINOSA $459,750 2 2.1 2250 DETACHD
1231 BAYBERRY RD $475,000 3 2 1980 DETACHD
2626 PARK RD $519,000 4 3 2475 DETACHD
14785 UPLANDS DR $675,000 4 3 3325 DETACHD
2311 OSWEGO GLEN CT $989,000 4 4 4529 DETACHD

PENDING SALES (Jan 17-23, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
49 OSWEGO SMT $67,500 1 1 720 CONDO 127
44 EAGLE CREST DR 8 $87,000 2 1 908 CONDO 42
4000 CARMAN DR 46 $99,900 2 2 999 CONDO 14
200 BURNHAM RD 406 $114,000 2 1 1216 CONDO 990
18148 BELMORE AVE $245,000 3 1 1008 DETACHD 3
3535 UPPER DR $275,000 3 2 1373 DETACHD 11
14138 KNAUS RD $275,000 4 2 2001 DETACHD 106
2240 SOUTHSHORE BLVD $309,000 3 1 1120 DETACHD 147
18667 PILKINGTON RD $339,999 4 2.1 2512 DETACHD 241
942 CLARA CT $349,000 4 2.1 3123 DETACHD 194
16 OTHELLO ST $394,000 4 3 2820 DETACHD 189
17187 CARLSON CT $395,000 4 3 2082 DETACHD 118
19415 SW DOGWOOD CT $499,900 5 3 3517 DETACHD 381
1060 UPPER DEVON LN $524,000 3 2.1 2400 DETACHD 464
5705 SOUTHWOOD DR $549,000 4 2.1 3360 DETACHD 314
691 G AVE $620,000 4 2.1 2789 DETACHD 24

SOLD (Jan 17-23, 2011)

Address O/Price Close Price # Beds # Baths Total SF CDOM
322 CERVANTES CIR 12-A $85,000 $47,250 2 1 832 205
1751 ASPEN CT $294,500 $224,000 3 2 1550 113
19167 LONGFELLOW AVE $310,000 $255,890 3 2.1 1782 386
252 N SHORE RD $369,000 $320,000 3 1 2280 428
156 Greenwood RD $309,900 $329,900 2 2 3722 896
762 LAKE FOREST DR $439,900 $425,000 4 3 2400 168
4303 SUNDEW CT $519,995 $506,250 4 2.1 3355 35
567 2ND ST 302 $693,025 $535,000 2 2 1459
17080 FERNWOOD DR $699,900 $590,000 5 3.1 3681 261
15578 VILLAGE DR $799,000 $749,000 3 2.1 3630 35

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

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Open Houses ~ January 23, 2011

There are 28 beautiful homes being held Open Sunday in Lake Oswego according to RMLS.

Enjoy!

Address L/Price # Beds # Baths Total SF Style Open
86 KINGSGATE RD C-102 $139,500 2 2 924 CONDO 2-4PM
5055 FOOTHILLS DR C $239,000 2 2 1252 CONDO 1-4PM
18148 BELMORE AVE $245,000 3 1 1008 DETACHD 2-3PM
5530 BONITA RD $279,999 3 1.1 1200 DETACHD 1-3PM
53 ORIOLE LN $280,000 3 2.1 2072 DETACHD 12-3PM
7 BLOCH TER $285,000 3 2.1 2062 TWNHSE 2-4PM
15245 BOONES WAY $289,900 3 2.1 1600 TWNHSE 1-2:30PM
446 5TH ST $295,000 2 1.1 1092 TWNHSE 1-3PM
18231 TERRY AVE $325,000 3 2 1764 DETACHD 1-3:30PM
16990 LOWER MEADOWS DR $340,000 3 2.1 2000 DETACHD 1-3PM
1830 CLOVERLEAF RD $373,000 5 2 1795 DETACHD 1:30-3:30PM
4500 GALEWOOD ST $420,000 3 3 2408 DETACHD 1-4PM
18700 WOOD DUCK WAY $429,900 4 2 2158 DETACHD 2:30-4:30PM
762 MAPLE ST $449,000 3 2.1 2417 DETACHD 12-3PM
19319 SW DOGWOOD CT $499,900 4 2.1 3105 DETACHD 12-4PM
19263 MEGLY CT $549,900 5 3 3213 DETACHD 12-4PM
19245 SW MEGLY CT $559,900 5 3 3490 DETACHD 12-4PM
14361 SHERBROOK PL $569,000 3 2.1 2100 DETACHD 1-3PM
13615 KNAUS RD $625,000 2 2 1755 DETACHD 1-3PM
2469 MARYLHAVEN PL $649,000 4 3.2 5582 DETACHD 12-3PM
17884 KELOK RD $695,000 5 3.1 4124 DETACHD 1:30-3:30PM
17896 KELOK RD $695,000 6 5.1 4323 DETACHD 1:30-3:30PM
5320 SOUTHWOOD DR $748,000 4 3 3646 DETACHD 3-5PM
1809 HEADLEE LN $850,000 3 2.1 3836 DETACHD 1-3PM
533 Weidman CT $924,900 4 3.1 4108 DETACHD 2-4PM
3136 DOUGLAS CIR $968,950 4 3.1 4132 DETACHD 1-4PM
17010 Chapin WAY $1,099,900 4 3.1 4032 DETACHD 2-4PM
3515 UPPER DR $1,150,000 4 3.1 4061 DETACHD 1-3PM
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Mortgage and Market Tidbits

  • Local Area Trends- According to the latest RMLS Market Action Report, comparing November 2010 with December 2010, a few interesting facts emerge-  Average Sales Price increased in the Portland Metro area by 2.2%, and Closed Sales increased by 14.3% which is the highest monthly level since June.
  • Rates- There is some indication that this increase was due to interest rate swings which may have persuaded uncertain buyers to take action. After remaining for weeks at historic lows, rates jumped for a short time to over 5%. They have since gone back down again to about 4.75% but the temporary increase may  have  convinced  buyers that low rates won’t be around forever.  According to MBS  Quoteline, the volatility of rates which has surfaced in the first weeks of the new year is of course due to shifting economic factors. Prior to Friday’s Employment report, nearly all the economic data was stronger than expected which impacted mortgage rates negatively.  Rates improved after the employment data though, and ended the week nearly unchanged.
  • Pat Goodell of Academy Mortgage says:

    • The Monthly Inflation reports and Retail Sales reports  were not as strong as hoped so rates have stabilized below 5%.  But all indications are that there will be stronger economic data coming out in the next few months which will impact rates negatively again.  There is no reason to expect that rates will continue to be as low as they currently are and most expectations are that by the 2nd half of the year, they will have increased to over 5% again.

  • Portland Metro’s “Grade” To Improve?- The mortgage insurance companies identify cities according to their “risk” of declining values. One mortgage insurance company just upgraded 18  cities nationwide (and downgraded 3). They made no change to Portland yet but it’s a positive sign that they are seeing stronger values in 18 cities nationwide and one mortgage insurance rep did say he expects to see Portland upgraded in the near future.
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Open Houses ~ January 16, 2011

It is January…  ready, set go!  29 houses open on Sunday in Lake Oswego.  Bring your umbrella and have a ball!

My listing on Lamont Way is Open from 1-3. Dianne will be there and would LOVE to meet some of our Property Blotter readers in person! It’s a truly unique house that is private, has an artistic edge (with space for a studio), and perfect for someone looking for a house that is not “cookie cutter”.  The property on Kilkenny Drive in Palisades is a great one to see also- lots of space w/ gorgeous landscape features, updates and a great view. It is Open from 12-3.

Lots and lots of great houses on tour!

Here is what is being held Open according to RMLS:

Address L/Price # Beds # Baths Total SF Style Time
5054 FOOTHILLS DR #69E $205,000 3 2 1252 CONDO 1-3PM
3535 UPPER DR $275,000 3 2 1373 DETACHD 1-3PM
1228 MAPLE ST $325,000 3 2 1894 DETACHD 1-3PM
4840 LAMONT WAY $325,000 3 2 1793 DETACHD 12-3PM
1459 GREENTREE CIR $335,000 3 2 1683 DETACHD 1-4PM
1851 KILKENNY DR $369,000 4 3 2716 DETACHD 12-3PM
1830 CLOVERLEAF RD $389,000 5 2 1795 DETACHD 1-3PM
151 DEL PRADO ST $399,000 4 2.1 2447 DETACHD 12:30-2:30PM
17802 HILLSIDE WAY $424,900 4 2.1 2965 DETACHD 1-3PM
326 LAKE BAY CT $449,500 3 2 1400 DETACHD 1-3PM
19415 SW DOGWOOD CT $499,900 5 3 3517 DETACHD 12-4PM
19319 SW DOGWOOD CT $499,900 4 2.1 3105 DETACHD 12-4PM
5705 SOUTHWOOD DR $549,000 4 2.1 3360 DETACHD 1-3PM
19263 MEGLY CT $549,900 5 3 3213 DETACHD 12-4PM
19245 SW MEGLY CT $559,900 5 3 3490 DETACHD 12-4PM
17997 Braeden CT $644,860 3 2.1 2984 DETACHD 12-2PM
5511 FIELDSTONE CT $678,950 4 2.1 3037 DETACHD 1-3PM
5533 FIELDSTONE CT $688,950 4 2.1 3115 DETACHD 1-3PM
15459 VILLAGE DR $695,000 4 3.1 3059 DETACHD 1-3:30PM
17884 KELOK RD $695,000 5 3.1 4124 DETACHD 2-4PM
17896 KELOK RD $695,000 6 5.1 4323 DETACHD 2-4PM
1930 INDIAN TRL $699,000 3 3 3260 DETACHD 12:30-3PM
15622 FIELDSTONE DR $718,950 3 2.1 3113 DETACHD 1-3PM
13223 DEERFIELD CT $725,000 5 3.2 4008 DETACHD 1-4PM
17301 CANAL CIR $749,000 3 2.1 1812 DETACHD 3-5PM
4158 CASEY CT $759,900 4 2.1 3385 DETACHD 1-4PM
533 Weidman CT $924,900 4 3.1 4108 DETACHD 2-4PM
3118 DOUGLAS CIR $1,100,000 3 2.1 3562 DETACHD 1-3PM
18222 SIENA DR $1,189,000 4 3.1 3998 DETACHD 1-3PM
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Market Activity Report ~ January 3 – 9, 2011

Last Week Lake Oswego saw 17 New listings, 6 Pending sales, and 8 Closed sales according to RMLS.

See below for further details according to RMLS:

NEWLY LISTED (Jan 3-9, 2011)

Address List Price # Beds # Baths Total SF Prop Type
86 KINGSGATE RD A 203 $91,500 2 2 849 CONDO
4000 CARMAN DR 46 $99,900 2 2 999 CONDO
26 CRESTFIELD CT $115,000 2 2 995 CONDO
4000 CARMAN DR 87 $117,900 2 2 836 CONDO
115 OSWEGO SMT $130,000 2 2 1212 CONDO
5051 FOOTHILLS DR E $208,000 2 2 991 CONDO
3535 UPPER DR $275,000 3 2 1373 DETACHD
5530 BONITA RD $295,000 3 1.1 1200 DETACHD
4090 WESTBAY RD $319,000 2 1 917 DETACHD
57 CONDOLEA TER $379,900 2 2.1 2172 CONDO
1830 CLOVERLEAF RD $389,000 5 2 1795 DETACHD
3220 EDGEMONT RD $569,000 4 3 2159 DETACHD
4869 SAGE HEN WAY $609,900 5 2.1 2863 DETACHD
13615 KNAUS RD $625,000 2 2 1755 DETACHD
17980 MEADOWLARK LN $749,000 3 2.1 3252 DETACHD
16686 MAPLE CIR $819,000 4 3.2 3311 DETACHD
533 Weidman CT $924,900 4 3.1 4108 DETACHD

PENDING SALES (Jan 3-9, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR 49 $64,900 2 1 932 CONDO 79
4 TOUCHSTONE 102 $94,905 4 2 1488 CONDO 144
1692 FIRCREST CT $190,000 4 2.1 2559 DETACHD 5
4314 BOTTICELLI ST $229,000 2 2.1 2098 CONDO 60
19431 SW TUALAMERE AVE $244,900 3 1.1 1308 DETACHD 192
244 Greenridge DR $275,000 3 2 2206 ATTACHD 238
14480 CAMDEN LN $347,000 3 2.1 1944 DETACHD 162
548 RIDGEWAY RD $650,000 4 3 2830 DETACHD 443

SOLD (Jan 3-9, 2011)

Address List Price O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
6447 MCEWAN RD $144,900 $199,900 $141,000 2 1 912 DETACHD 179
2021 CEDAR CT $350,000 $950,000 $300,000 4 3.1 4114 DETACHD 271
16105 INVERURIE RD $429,900 $469,900 $385,000 3 2 2356 DETACHD 685
4859 SAGE HEN WAY $415,000 $415,000 $395,000 4 3 2417 DETACHD 215
13819 PROVINCIAL HILL DR $445,000 $449,000 $430,000 4 2.1 2096 DETACHD 27
3210 FIR RIDGE RD $499,000 $499,000 $490,000 4 3.2 2832 DETACHD 194
3334 Upper DR $595,000 $550,000 $620,000 4 2.1 3408 DETACHD 242
1235 CHANDLER RD $865,000 $985,000 $796,200 5 3.1 3717 DETACHD 183

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

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Mortgage Assistance

There has been talk on the news lately that many people who might qualify for the government program to potentially help pay a year’s worth of mortgage payments do not seem to be taking advantage it.  Speculation has been that either 1) People believe it sounds too good to be true, or 2) People don’t know about it.

The following is basic information about the program for you to pass on to someone you love who may qualify (thanks to Naida Paris of The Valley Mortgage Group):

* Have you had a 25% drop in income from 2008 or 2009 and need help with your mortgage payment?

* Please go to www.oregonhomeownerhelp.org .  If you are chosen for the program your mortgage payments may be made for 12 months or up to $20,000.

* You do not need to be behind in payments.

* There is no credit report pulled to qualify you.

* There is no debt ratios requirement.

This program is statewide, funded by stimulus funds.  You can apply until January 14, 2011.  Each County is given an allotment of funds based on their economic need.  After you apply online, you will then bring income and asset documentation to your local housing authority to verify the loss of income.

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Happy Holidays to You!!!

As Christmas weekend approaches, Dianne and I wanted to take a moment and wish you a very peaceful and joyous holiday with your friends and family.  It is such a pleasure for us to write this blog and to serve your needs through the year, and we appreciate each of you so much.

We will be taking a little holiday ourselves, and will be back with our weekly Activity Report on Monday, January 3rd, 2011.  Till then…. stay safe, warm and happy.

Merry Christmas & Happy Holidays!!!

Dianne and Linda