Category: General

All About Lake Oswego, Oregon real estate topics

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News & Notes

Here are some Market Notes for You~

According to the RMLS Market Action Report for May 2012, the combined area of Lake Oswego and West Linn  reported:

  • 615 Active Listings
  • 201 New Listings
  • 169 Pending Sales
  • 112 Closed Sales
  • An average Sale Price of $482,500.
  • Average Time on the Market: 167 Days

Also:

For the Portland Metro Area…………….

  • April 2012: Unsold inventory is at its lowest since March 2007
  • If you compare May to the previous month of April 2012, Closed Sales grew by 15.1%
  • Pending Sales (2522) representing highest in May since May 2007when there were 3054.
  • Closed Sales numbered 2098mwhich is a 20.4% increase over May 2011.
  • Aveage Sales Price rose 7.2% over May of 2011

 

 

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June 10th Open Houses

This Sunday there are 28 scheduled open houses. Enjoy.

5880 Rockwood Ct, detached, $255,000, 3 BR, 2 Bths, open 1 to 4

18863 Indian Springs Rd, detached, $315,000, 4 BR, 3 Bths, open 2 to 4

19060 Indian Springs Circle, detached, $349,900, 3 BR, 2 Bths, open 2 to 4

352 A St, attached, $388,000, 2 BR, 2.5 Bths, open 1 to 3

5365 Lakeview Blvd, detached, $389,000, 4 BR, 2.5 Bths, open 1 to 4

1611 Lee St, detached, $429,900, 3 BR, 2.5 Bths, open 12 to 3

3220 Duncan Dr, detached, $499,900, 4 BR, 2.5 Bths, open 1 to 4

3838 River Edge Dr, detached, $525,000, 3 BR, 3 Bths, open 1 to 4

7 Mountain View Ln, detached, $535,000, 5 BR, 2.5 Bths, open 1 to 4

355 6th St, attached, $549,900, 3 BR, 3.5 Bths, open 2 to 4

17802 Treetop Ln, detached, $550,000, 4 BR, 3.5 Bths, open 1 to 3

13226 Rogers Rd, detached, $589,000, 4 BR, 2.5 Bths, open 1 to 3

6479 McDuff Ct, detached, $589,900, 3 BR, 2.5 Bths, open 12 to 3

15655 Fieldstone Dr, detached, $595,000, 3 BR, 2.5 Bths, open 12 to 2

15633 Fieldstone Dr, detached, $615,000, 4 BR, 2.5 Bths, open 12 to 2

5533 Fieldstone Ct, detached, $620,000, 4 BR, 2.5 Bths, open 12 to 2

17980 Meadowlark Ln, detached, $689,000, 3 BR, 2.5 Bths, open 1 to 4

18035 Skyland Circle, detached, $725,000, 4 BR, 2.5 Bths, open 1 to 3

5680 La Mesa Ct, detached, $769,900, 4 BR, 2.5 Bths, open 1 to 3

330 Northshore Rd, detached, $789,000, 4 BR, 3 Bths, open 1 to 4

2348 Oswego Glen Ct, detached, $875,000, 4 BR, 3.5 Bths, open 1 to 4

18231 Siena Dr, detached, $928,500, 4 BR, 3.5 Bths, open 1 to 3

16805 Scott Ct, detached, $979,000, 4 BR, 3.5 Bths, open 2 to 4

18202 Bella Terra Dr, detached, $1,075,000, 4 BR, 3.5 Bths, open 1 to 3

18132 Siena Dr, detached, $1,125,000, 4 BR, 3.5 Bths, open 1 to 3

4033 Westbay Rd, detached, $1,195,000, 4 BR, 3.5 Bths, open 12 to 3

18110 Siena Dr, detached, $1,198,950, 4 BR, 3.5 Bths, open 1 to 3

17282 Lake Haven Dr, detached, $1, 199,000, 4 BR, 2.5 Bths, open 1:30 to 4

1655 Edgecliff Terrace, detached, $1,250,000, 4 BR, 3.5 Bths, open 1 to 3

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News & Notes

Here are some Market Notes for You~

According to the RMLS Market Action Report for April 2012, the combined area of Lake Oswego and West Linn  reported:

  • 618 Active Listings
  • 188 New Listings
  • 132 Pending Sales
  • 114 Closed Sales
  • An average Sale Price of $361,000.
  • Average Time on the Market: 142 Days

Also:

For the Portland Metro Area…………….

  • April 2012: Unsold inventory is at its lowest since June 2007
  • If you compare April to the previous month of March 2012, Closed Sales grew by 7.6%
  • Pending Sales are higher thn any month since August 2007
  • New Listings rose 5.3% compared to March 2012
  • Accepted offers rose by 4.1% compared to March 2012
  • The first 4 months of 2012 compared to 2011 show a rise in Closed Sales to the tune of 13.1%

 

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News & Notes

Here are some Market Notes for You~

According to the just-released RMLS Market Action Report for March 2012, the combined area of Lake Oswego and West Linn  reported:

  • 613 Active Listings
  • 205 New Listings
  • 117 Pending Sales
  • 84 Closed Sales
  • An average Sale Price of $373,200.
  • Average Time on the Market: 152 Days

Also:

For the Portland Metro Area…………….

  • March 2012: Combination of fewer new listings & more closed sales = lowest unsold inventory since June 2007
  • 1st quarter 2012 as compared to 2011 shows increase of 12.2% in Closed Sales
  • 1st quarter 2012 as compared to 2011 shows increase of 18.2% in Pending Sales
  • 1st quarter 2012 as compared to 2011 shows decrease of 12% in New Listings
  • If you compare March to the previous month of February 2012, Closed Sales grew by 34.2%,
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Happy Easter ~ No Open Houses

Easter Greetings from The Property Blotter.

According to RMLS there are no Open Houses in Lake Oswego this Easter.

Take a day to enjoy friends and family, and perhaps to ponder new and wonderful things in your life….

I’ll bet you can find several!

Enjoy!

 

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News & Notes

What’s Happening in Lake Oswego? ~

 

* “Connected Community” Open House –  April 12th 4-7PM ~ The “We Love Lake Oswego” Comprehensive Effort is holding an Open House at the West End Building to hear your thoughts on how you could be best helped as you maneuver around Lake Oswego and to & from other metro locations.  You’ll have a chance to talk with staff and citizens participating in the Transportation Advisory Board. Share your thoughts on safety, walking, biking, roadways, public transit and more.  If you won’t be able to participate in person, you may share your ideas HERE.

*Hop at the Hunt ~  Saturday, April 7th, 11 AM, 2725 Iron Mtn. Blvd. – Fun!  Lake Owego’s Family Egg Hunt at the Lake Oswego Hunt Club will feature Easter Bunny Otis and friends, Lake Oswego Fire Truck, Pony Rides, Police Cruiser, Barn Tours, “Bella” the rabbit, Hot Cocoa Treasure Eggs, and an Egg Recycle Station. There will be a giant Chocolate Bunny given away, so remember to register at the entrance!  or for more information call:  503 636 0674.

*  Monday Morning Bird Walks ~ 7 AM during April in Tryon Creek ~ Join Audubon volunteer Rick Wagner for these fantastic adventures and learn the songs of common resident species among other things.  The walks begin at the Nature Center, 1132`1 SW Terwilliger Blvd. and are free & open to the public. To learn more click HERE.

* Bunkers Clubhouse Cafe ~ 9 AM – 5PM, Tues – Sun, Lake Oswego Golf  Course ~ The awaited Opening has arrived!  Be sure to be part of the fun as golfers and Lake Oswegans enjoy this new venue in a most popular spot.

Some Thoughts on Easter   : )  ~

At this time of year we start to see the blossoms on the trees, and the nascent sprouts of bulbs coming up from the ground for air, and to bloom for our (and their) pleasure.  We look at our neglected yards and start to daydream about plants to install decoratively and functionally (have you noticed how raised bed “victory” gardens have become the norm almost everywhere ???  I think this is so wonderful : )  We start to sneeze, and try to remember what alleviated our allergy symptoms last year.  As we drive down the street we notice more & more “for sale” signs as those who want to make a change of some sort venture forth (now is a great time to beat the onslaught of new listings to come, by the way).  Those of us planning vacations are booking flights online to get the best prices. Those of us who have awoken from a long winter slumber to new love or a new job or new anything are practically chirping with the birds as we greet the day in early morning hours…. and that is the biggest thing about this time of year.  Newness.  Everything seems new.  Look around… you might even see sunshine and blue skies as we get ready for the heavenly months to come in our beloved Oregon locale.  My only message here is to notice… Notice the newness in your life, and savor it.  Take advantage of it.  Live this day for the New day that it is. It will not come again.

Happy Easter!

Linda & Dianne

 

 

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News & Notes

Here are some Market Notes for You~

According to the just-released RMLS Market Action Report for February 2012, the combined area of Lake Oswego and West Linn  reported:

  • 572 Active Listings
  • 157 New Listings
  • 128 Pending Sales
  • 62 Closed Sales
  • An average Sale Price of $397,000.
  • Average Time on the Market: 152 Days

Also:

For the Portland Metro Area…………….

  • February 2012 showed the lowest inventory (6.5) since 2007
  • Closed Sales rose 17.5% from February 2011,
  • and Pending Sales increased 32.5%,
  • but there were 13.6% fewer Newly Listed residential properties
  • If you compare February to the previous month of January 2012, Closed Sales grew by 3.1%,
  • and Pending Sales increased 15.7%.
  • New Listings dropped  4.6%.
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News & Notes

What’s Happening in Lake Oswego? ~

 

* Open City Hall Re: Tri Met Changes –  TriMet is going through a budgeting process, and there are potential impacts to Lake Oswego citizens using bus lines 36, 37 & 38.   CLICK HERE to access information and give your input!

* Capital Improvement Plan Open House – March 8th 5-7PM, City Hall~  See what projects are included in the Fiscal Year 2012-13 to 2016-17 draft funding plan. Some include repaving A Avenue and Kerr Parkway and completing Rosemont Trail. There is also talk of correcting water drainage issues on Rockinghorse Lane. Call Anthony Hooper at 503-697-7422  for more information.

*Adult Community Center (ACC) Happy Hour/Open House ~  Sunday, March 18, 1-4 PM, 505 G Ave – Fun!  Come join other Lake Oswegans and lean about new programs while listening to the musical stylings of  the Old Time Fiddlers on the upper level and singer-guitarist Tom Stroud in the café  (tell Tom I said “Hi” in case I can’t make it : ). CLICK HERE   for more information.

* Daylight Savings Begins! – March 11th, 2 AM  ~  Make sure to move your clocks ahead by one hour so that you are on time for the ACC Happy Hour… and of course on time to work!

 

Some Thoughts on Real Estate  ~

 

* Short Sales and You –  Short Sales have become part of the landscape in real estate. If you become involved in a short sale transaction, make sure to go over the details with your Realtor.  There are differences in how many are presented in RMLS after a Seller accepts your offer. Specifically, sometimes the Listing will be held in the “Active” section until the lien holder(s) (banks) come to agreement with you.  Sometimes you can achieve a change to “Pending” status which reduces the chance of others offering during your open transaction.

Earnest Money Checks – Again, in short sale transactions most Buyers are advised that they are likely in for a long haul as they wait for responses and red tape to be processed.  ***This does NOT mean that your earnest money check can be less than “good” when you hand it to your Realtor.  Your earnest money check will be held (usually by escrow, but sometimes in a client trust account), but in any event, essentially “cashed” and deposited in a safe place awaiting mutual acceptance with the lien holders, Seller and you.

Loan Officers – When setting out to buy a home, talk with your Realtor about options for reputable Lenders.  A good Lender is a crucial asset in the home-buying process.  A less-than-stellar loan officer can throw the entire train off track. Things you might assess include:

  • Expertise,
  • Types and Sources of Funds,
  • In-House Lending Options,
  • Availability and Accessibility of the Loan Officer (i.e., if you call on Saturday or Sunday and need a customized Approval Letter, will he/she be there for you?),
  • Is there a Good Relationship between your Realtor and the Loan Officer (remember… we are all humans, and loyalty comes into play naturally when a relationship exists…. that can work to your advantage when the going gets tough and perhaps extra attention or late hours are required to get the job done), and lastly,
  • Is Mortgage Lending what they do “Primarily”?   (Sometimes, especially in banks, someone can be charged with handling loans as a side-duty in addition to many others…..  You want an expert.)

Hope this information is helpful!

Very Best,

Linda

 

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Open Houses 3/4/12

There are 19 houses scheduled to be open this Sunday. Enjoy.

18630 Kristi Way, $299,900, 3 BR, 2 Bths, open 2 to 4

4573 Oakridge Dr, $374,900, 3 BR, 2.5 Bths, open 11 to 2

5206 Royal Oaks Dr, $379,900, 5 BR, 3.5 Bths, open 1 to 4

5490 Royal Oaks Dr, $389,000, 3 BR, 2 Bths, open 1 to 3

4525 Trillium Woods Lot 16, $409,900, 3 BR, 2.5 Bths, open 11 to 2

4571 Oakridge Rd Lot 32, $419,900,, 3 BR, 2.5 Bths, open 11 to 2

13020 Princeton Ct, $429,000, 4 BR, 2.5 Bths, open 1 to 4

2357 Hillside Ln, $474,900, 5 BR, 3 Bths, open 1 to 3:30

17930 Meadowlark Ln, $499,900, 4 BR, 4 Bths, open 1 to 3

7 Mountain View Ln, $559,950, 5 BR, 2.5 Bths, open 1 to 4

13226 Rogers Rd, $589,000, 5 BR, 2.5 Bths, open 1 to 3

17802 Treetop Ln, $599,000, 4 BR, 3.5 Bths, opn 1 to 3

15633 Fieldstone DR, $618,950, 4 BR, 2.5 Bths, open 12 to 2

5533 Fieldstone Ct, $628,950, 4 BR, 2.5 Bths, open 12 to 2

5604 Grand Oaks Dr, $649,000, 5 BR, 3 Bths, open 2 to 5

14066 Edenberry Dr, $795,000, 5 BR, 3.5 Bths, open 1 to 3

18231 Siena Dr, $994,000, 4 BR, 3.5 Bths, open 12 to 2

18132 Siena Dr, $1,125,000, 4 BR, 3.5 Bths, open 12 to 2

18202 Bella Terra Dr, $1,145,000, 4 BR, 3.5 Bths, open 12 to 2

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News & Notes

Here are some Market Notes for You~

According to the just-released RMLS Market Action Report for December 2011, the combined area of Lake Oswego and West Linn  reported:

  • 589 Active Listings
  • 153 New Listings
  • 97 Pending Sales
  • 75 Closed Sales
  • An average Sale Price of $364,800.
  • Average Time on the Market: 176 Days

Also:

  • For January 2012, Average Sales Price for the Portland Metro area ($249,100) was virtually unchanged as compared to 2011 ($248,900)
  • For January 20121 as compared to 2011, Closed Sales increased by a whopping 18.3%
  • and Pending Sales increased by 22.4%,
  • but there were 16.5% fewer Newly Listed residential properties