News & Notes

Here are some Market Notes for You~

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

  • 651 Active Listings
  • 106 New Listings
  • 100 Pending Sales
  • 98 Closed Sales
  • An average Sale Price of $385,700.
  • Average Time on the Market: 179 Days

What’s Happening in Lake Oswego? ~

* Christmas Ship Parade – Dec 17th at 6PM  ~  Join us for the 57th year of enjoying a parade of bright Christmas Ships gliding from Riverplace Marina to Lake Oswego!  You can enjoy the colorful flotilla from the shores of Foothills Park where a warming fire and shelter will make the evening more than merry!   For more information on this annual extravaganza CLICK HERE.

* Annual Gingerbread Competition! – Dec. 13th – Dec. 25th ~  One-of-a Kind Gingerbread creations are on display at participating local businesses in celebration of “Holiday Houses of Lake Oswego” which is in its second delightful year.  To learn more about this competition CLICK HERE.

*LOPedia is Now Available! – This great resource provides information on city programs and services, as well as how it delivers those services and how much they cost.  It can be checked out at the Lake Osweego Library, and also is available online by CLICKING HERE.

Wintertime in Oregon…Get Ready!

Winter in Oregon some do lament

Is fraught with grey skies…  and money gets spent!

The lights are on scaffold and song fills the air

Groupons a-plenty and devil-may-care

The way-of-the-world and Portland’s delight

Is the bane of onlookers preferring a fight

For Oswego and Portland and Bridgeport and Yon

Are prepared for the winter and the show it puts on

The grey skies don’t daunt and the season invigorates

Even home-buyers are dealing to celebrate

The gloom you’d expect and accompanying sadness

Are not to be found, but instead settle gladness!

For Oregon is nothing if not Beauty and Bliss

Even in winter it’s just no better than this.

 

Happy Wintertime!

 

Counting Our Blessings

Thanksgiving is far and above my favorite holiday of the year. I think I love it so because it hasn’t been commercially hijacked (although the lines at Costco this morning does put some holes in this thought), and it revolves around giving thanks, being with our loved ones, and pausing to reflect on our own personal bounty.

Call me sentimental, but I guess I feel abundantly thankful. In that spirit I thought I would share with you the story of my favorite Thanksgiving memory.

I spent August of 1979 to February of 1980 living as a college student in Besancon, France. It’s about 3 hours by train East of Paris and only about 45 minutes from the Swiss boarder. I was on a study abroad program organized by The State University of New York, New Paltz. Rather than living with families, those of us in the program lived in college dorms and in-town apartments. We Americans gravitated to one another and became fast friends.

As Thanksgiving approached we realized that our host country would be oblivious. That was not, however, going to dampen our efforts to celebrate our uniquely American holiday. My cohort was Kathy. She and I declared the Wednesday and Thursday of Thanksgiving week our own personal holiday and cut classes for two full days. We had access to a friend’s apartment with its unbelievably undersized range (I recall 2 burners and an oven about 24 inches wide). We had no recipes whatsoever.

The first task was grocery shopping. We had no vocabulary for turkey, cranberries, or stuffing. And did you know that when you try to describe jello to a cashier in France in 1979, that they would have no idea whatsoever what you are talking about? The high point of the purchasing was going into a butcher shop and finding a small turkey, probably 12 or 15 pounds, with a bow tied onto it! That butcher had either been to the U.S. or watched a lot of TV.

Cooking was a total adventure. Remember that I mentioned we had no recipes? It was “my Mom does it this way” and “I think I remember my Mom doing this”. Some how we pulled it off.

I recall about 10 of us, all American students, sitting down to a very memorable meal. The part I recall most fondly, aside from laughter and amazement that we had somehow pulled off Thanksgiving, was realizing we had no electric mixer to make whipped cream. We poured the heavy cream into a bowl, added a fork, and passed that bowl around the table with each of us taking turns hand mixing until we had traditional whipped cream. It was just so memorable.

I really do love Thanksgiving. This year I am thankful for my health, that my recent college graduate daughter has a job, that my son has healed from his injury and will soon be discharged from the Marines, that the remainder of my family and friends are in good health and a part of my life. I am also thankful, as a Realtor, to have business in this economy. So I am thankful to my clients who put their trust in me and allow me to be their Realtor.

I think a really wonderful reflection on Thanksgiving was in this morning’s Oregonian. Shoshana Winebury of Seattle reflects on the meaning of Thanksgiving as seen through her experience teaching refugees English as a second language. For the full story, click here.

I want to wish you a lovely Thanksgiving. No matter your place in life, no matter your circumstances, Thanksgiving is a day to reflect and feel gratitude.
Dianne

News & Notes

What’s Happening in Lake Oswego? ~

* Thanksgiving Reunion Market! – Nov. 19th, 10AM-2PM  at Millennium Plaza Park – For one day only, revisit the fun of summertime’s best venue for fresh fruits, vegetables and all manner of fare from local farmers and artisans.  Come mingle, enjoy the music, and bring home bag-fulls of goodness!

* Annual Holiday Tree-Lighting – Nov. 25th,  5:30PM at the corner of 5th St. and A Ave. –  Enjoy the lighting of the Bigelow Plaza Holiday Tree, and then parade to Millennium Plaza Park for the lighting of the Millennium Tree.   This is an annual event not to be missed!

*Board & Commission Vacancies –  Lake Oswego is looking for people interested in applying for the following:   Transportation Advisory Board, Development Review Commission, Historic Resources Advisory Board, Library Advisory Board, Natural Resources Advisory Board.  For more information CLICK HERE.

* Emergency Preparedness Calendar – Would you like one of these?  I would!  To order & view more information CLICK HERE.  To download the calendar CLICK HERE.

Here are some Market Notes for You~

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

  • 711 Active Listings
  • 167 New Listings
  • 109 Pending Sales
  • 72 Closed Sales
  • An average Sale Price of $429,100.
  • Average Time on the Market: 135 Days

News & Notes

What’s Happening in Lake Oswego?

* Writing an Ethical Will / A Family Legacy – Marcia Liberson, and ethicist and social worker will lead a 2-part program at the Adult Community Center. It will include personal reflections from your life, and will incorporate values, dreams, advice & promises to share with your family and loved ones.  Nov 2 & 9 from 10AM-12PM

* Community Culture Summit – Enjoy appetizers and discuss Lake Oswego’s Community Culture as a part of the city;s Comprehensive Plan.  5:30PM, November 3rd, at Lake Oswego High School.  For more information CLICK HERE.

* Watercolor Painting Exhibit – There will be an exhibition of Rudy Stevens’ students art at teh West End Building on Nov. 4th from 6-9PM.  The West End Building is located at 41-1 Kruse Way.  Enjoy appetizers and meet the artists!

* Lake Oswego Emergency Preparedness Expo – James Roddey, and aware-winning educator, will share information about how to [prepare today for potential disasters of tomorrow. He will speak on “The Big One” regardingn the apparent inevitability of a major NW earthquake and how to prepare for it, among other preparedness topics such as food and water storage, emergency kits, CPR and more.  November 5th, 1-5PM at the Church of Jesus Christ of Latter Day Saints, 14903 Westlake Drive.

* Friends of Iron Mountain / Invasive Species Removal Day – Bring your shovel and gloves to the Brookside Trailhead on Iron Mountain Blvd. Refreshments will be served, and you will be joining with your neighbors to really make a difference in Lake Oswego.  November 6th from 1-3PM.

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News & Notes

* Watershed Health Open House – Oct. 22nd at Hazelia Field/Luscher Farm – Come and learn more about the city’s work to improve watershed health and water quality and how you can help.  There will also be pumpkin decorating activities for kids!

* Drug Take-Back Day – Oct 29, 10AM – 2PM  at the Lake Oswego Adult Community Center/505 G Ave. – Dispose of your unwanted or expired medications.

* Foothills Framework Plan –  The draft is available HERE.  Learn more about the city’s efforts to put a plan together that transforms the 107-acre area into a vibrant, river-front  neighborhood for housing and businesses.  Click HERE to learn more about the project and what’s behind it.

* Help Meals on Wheels – During the month of October you can help deliver a healthy lunch to a home-bound senior by choosing to add the cost of 1, 3 or 7 meals to your grocerey bill at New Seasons Market in Mountain Park!

Here are some Market Notes for you~

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

  • 773 Active Listings
  • 156 New Listings
  • 101 Pending Sales
  • 82 Closed Sales
  • An average Sale Price of $474,800.
  • Average Time on the Market: 166 Days

News & Notes

Dianne and I wish you the VERY BEST as we feel the seasons start to change.  Enjoy all of it… every little bit!

Here are some Market Notes for you~

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

  • 809 Active Listings
  • 160 New Listings
  • 106 Pending Sales
  • 114 Closed Sales
  • An average Sale Price of $449,200.
  • Average Time on the Market: 167 Days

Realtor 101

One of the most basic components of being a good Realtor is understand just who I work for. As I work with a client I find myself going back to this concept again and again. Let’s face it, a real estate transaction requires a tremendous amount of negotiation. For both the buyer and the seller, the sale is likely one of the largest and most important financial endeavors that they will do. So it has to be done right, and to their satisfaction. What I want has pretty much nothing to do with it.

So think about that. A Realtor is in a job where what they want is not important.

Fiduciary Duty
Fiduciary duty is the relationship that exists when one person puts faith and trust into another person to act on their behalf. Realtors have fiduciary duty to their clients. This is such an important element in real estate.

In a transaction I find myself thinking about my clients and their needs constantly. Will this be good for them? Will this help? Is this what they want? Often it means telling them hard information that I know will likely make them not want a house. It can mean causing a transaction to fail so that we go out and begin again. That is not necessarily good for me, but it is certainly good for my client. It’s the right thing to do.

Real Estate Agency
In Oregon we have buyer’s agents, seller’s agents, and dual agents. This was not always the case. Prior to about 1994, all Realtors worked for the seller. So even when I worked with buyers showing them houses, writing up an offer, and negotiating repairs, I was really working for the seller. It was strange.

The advent of buyer’s agency allowed Realtors to work exclusively for the buyer. This means that the Realtor who is a buyer’s agent is committed to the best interests of the buyer. It also allowed seller’s agents to do the same for the seller.

We also have what is called dual agency. This happens when a Realtor is working with a buyer who wants to buy one of that Realtors listings. In this circumstance, the Realtor would be representing both the buyer and the seller. This can only happen if both the buyer and the seller give their approval. The Fiduciary duty does not change. A dual agent must still maintain confidences about things like price and work to see to the best interests of both clients. This does not happen very often. I think in my 24 years as a Realtor I’ve done it half a dozen times.

Dual agency can also happen when a buyer’s agent sells a house that is listed by another Realtor in their office. This is because most Realtors do work in offices with multiple agents who are supervised by a Principal Broker. That Principal Broker reviews all of the paperwork of every transaction and offers supervision and guidance to the Realtors in that office. So the buyer’s agent and the seller’s agent remain just that, but the Principal Broker becomes a dual agent.

Please forgive me if this is all pretty dry. It’s the sort of thing that is not particularly exciting. But I think it is incredibly important and one of the backbones of my career.

Have a great day and thanks for reading the blotter.
Dianne

Market Activity ~ Sept. 5-11, 2011

There were 20 New properties entering the market, 19 in Pending status, and 7 marked as Sold during the last week according to RMLS.
See below for further details:

NEWLY LISTED (Sept. 5-11 2011)

Address List Price # Beds # Baths Total SF Prop Type
96 GALEN ST $53,900 1 1.1 552 CONDO
450 S STATE ST $119,000 2 1 800 CONDO
4 TOUCHSTONE 123 $129,950 3 2.1 1351 CONDO
200 BURNHAM RD $149,000 1 1 948 CONDO
5054 FOOTHILLS DR H $199,500 3 2 1252 CONDO
4752 REMBRANDT LN $288,900 3 2.1 1516 DETACHD
1764 CONIFER DR $319,900 3 1 1200 DETACHD
1639 WORTHINGTON ST $350,000 4 3 1920 DETACHD
2545 ORCHARD HILL LN $365,000 3 2 2160 DETACHD
17040 FERNWOOD DR $369,000 3 2 1919 DETACHD
1645 ASPEN ST $419,999 3 2.1 1916 DETACHD
4527 TRILLIUM WOODS Lot 15 $441,150 3 2.1 2211 ATTACHD
908 CUMBERLAND PL $474,900 4 3 2715 DETACHD
2 MORNINGVIEW CIR $485,000 3 2.1 2954 DETACHD
2834 GLENMORRIE DR $499,000 3 2.1 2459 DETACHD
15564 VILLAGE DR $749,000 3 2.1 3249 DETACHD
4011 WESTBAY RD $950,000 5 3.1 4518 DETACHD
13877 AMBERWOOD CIR $999,000 4 2.1 3949 DETACHD
13701 GOODALL RD $1,899,000 4 4.1 6028 DETACHD
1500 NORTHSHORE RD $11,600,000 5 6.2 13462 DETACHD

PENDING SALES (Sept 5-11, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
3676 SPRING LN 2C $139,900 2 2.1 1762 CONDO 36
72 GREENRIDGE CT $150,000 3 3 1825 ATTACHD 288
4473 GOLDEN LN $155,000 2 2.1 1980 CONDO 320
16443 INVERURIE RD $180,000 4 2 1480 DETACHD 9
4760 LOWER DR $229,900 3 3 2324 DETACHD 21
55 NORTHSHORE RD $289,000 1 1 1554 CONDO 18
4677 OAKRIDGE RD Lot 04 $369,900 3 2.1 1738 ATTACHD 97
1736 PALISADES TERRACE DR $399,000 4 3.1 3079 DETACHD 70
14 HOTSPUR ST $399,000 4 2.1 2626 DETACHD 5
3601 WREN ST $399,900 3 2.1 2220 DETACHD 154
18207 WESTMINSTER DR $409,900 4 2.1 2258 DETACHD 24
5842 MEADOWCREEK CT $449,900 3 2.1 2309 DETACHD 7
5686 CHARLES CIR $499,900 4 3 3246 DETACHD 6
19285 MEGLY CT $509,900 5 3 3275 DETACHD 203
4184 Sunset DR $529,000 5 3 2932 DETACHD 164
19 JUAREZ ST $550,000 3 2.1 3584 DETACHD 190
5511 FIELDSTONE CT $623,950 4 2.1 3037 DETACHD 629
556 5TH ST $659,000 3 3.1 2166 ATTACHD 208
1633 MAPLE ST $799,000 3 3 3448 DETACHD 161

SOLD (Sept 5-11, 2011)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
15380 TWIN FIR RD $339,900 $315,000 3 3 1865 DETACHD 44
5795 LANGFORD LN $349,500 $334,000 2 2 1687 DETACHD 9
18927 KRISTI WAY $424,000 $424,000 4 2 2943 DETACHD 13
17267 KELOK RD $599,900 $560,000 3 2 2340 DETACHD 40
4158 CASEY CT $719,000 $689,500 4 2.1 3385 DETACHD 392
2811 ARROWHEAD CT $1,250,000 $880,000 4 3.1 3740 DETACHD 419
2735 GLEN EAGLES RD $1,098,000 $975,000 3 3.1 2950 DETACHD 85

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

Open Houses ~ Sunday, Sept. 11, 2011

What a lovely weekend!  Put some ice & lemonade in your water bottle & head out to enjoy some of these beautiful homes being held Open!

Here is what’s going on according to RMLS:

Address L/Price # Beds # Baths Total SF Style Open
7 BRITTEN CT $250,000 4 2 2046 TOWNHSE 1-3PM
55 NORTHSHORE RD #4 $289,000 1 1 1554 TOWNHSE 1-3PM
1050 SUNNINGDALE RD $375,000 3 1.2 1616 DETACHD 2-5PM
29 BECKET ST $384,900 3 2.1 2354 DETACHD 1-3PM
1991 GREENTREE RD $399,999 4 3 2655 DETACHD 1:30-4PM
1645 ASPEN ST $419,999 3 2.1 1916 DETACHD 1-3PM
14361 SHERBROOK PL $449,900 3 2.1 2100 DETACHD 2-4PM
12 SCARBOROUGH DR $464,900 4 2.1 2892 DETACHD 1-3PM
4 NANSEN SMT $479,900 4 2.1 3255 DETACHD 12-2PM
29 SPINOSA $525,000 3 2.2 3254 DETACHD 1-4PM
919 LAKE SHORE RD $569,000 3 2 1817 DETACHD 1-3PM
629 IRON MOUNTAIN BLVD $615,000 3 2 1988 DETACHD 1-4PM
17997 BRAEDEN CT $619,749 3 3 2984 DETACHD 1-4PM
5533 FIELDSTONE CT $633,950 4 2.1 3115 DETACHD 12-2PM
1931 PARK FOREST CT $649,900 6 4.1 3866 DETACHD 12-3PM
15622 FIELDSTONE DR $678,950 3 2.1 3113 DETACHD 12-2PM
14231 Dolph CT $685,000 4 2 2580 DETACHD 1-4PM
17090 CHAPIN WAY $839,500 3 3 3480 DETACHD 12-3:30PM
1104 FOREST MEADOWS WAY $1,495,000 4 3.1 5756 DETACHD 2-4PM