You may have noticed that the market has been changing for awhile now. Many buyers are out this fall scouting for great deals (they are not hard to find!), and many sellers who are pricing and marketing appropriately are benefiting from the uptick in activity in Lake Oswego (see Ron’s blog post of Monday 9/29). It is also true that some decided in the spring and summer to spruce up their homes in anticipation of changing market conditions, and the expectation of reaping some profit from their efforts when the time comes to sell.
I thought you might find it interesting to note some of the trends in the 2007 “cost vs. value” report for the Portland area according to www.costvsvalue.com. The data for Portland is “Pacific” data as compared to national averages. Here are some tidbits to hopefully give you an idea of what you might expect as a return for your remodeling investment according to this report:
Midrange Projects: Pacific / National Average
Deck Addition/Wood / 108% / 85.4%
Minor Kitchen Remodel / 103.5% / 83%
Window Replacement/Wood / 102.9% / 81.2%
Window Replacement/Vinyl / 98.5% / 79.3%
Basement Remodel / 96.8% / 75.1%
Bathroom Remodel / 96.6% / 78.3%
Major Kitchen Remodel / 96.6% / 78.1%
Two-Story Addition / 90.9% / 73.9%
Garage Addition / 88% / 69.5%
Master Suite Addition / 87.2% / 69%
Roofing Replacement / 85.1% / 67.4%
Family Room Addition / 84.8% / 68.6%
Bathroom Addition / 83.5% / 66%
Upscale Projects:
Window Replacement/Wood / 103.4% / 79.3%
Window Replacement/Vinyl / 100.7% / 81%
Deck Addition/Composite / 98.4% / 77.6%
Major Kitchen Remodel / 88.9% / 74.1%
Bathroom Remodel / 84.7% / 68.4%
Bathroom Addition / 84.1% / 69%
Roofing Replacement (Steel) / 79.9% / 65.7%
Garage Addition / 78.1% / 64.6%
Master Suite Addition / 77.3% / 64.1%

I was pleasantly surprised yesterday morning to find an article on the front page of the Clackamas County edition of the Oregonian featuring a story about the new electric-car, plug-in charging station that is now in Lake Oswego.
Absolutely one of the best features of living in Lake Oswego is the ability to enjoy the lake. And one of my favorite ways to enjoy it is by riding a bike, or taking a walk or a jog around it. The first time I ran the lake was in 1980. I have done it many, many times since then. Although I have to admit that these days instead of running it, I bike or walk it. It’s just about 8 miles all the way around. Biking it, the challenge is to do it in one hour’s time. I know that does not seem very fast, but there are two substantial hills in the ride and if you can do it in an hour, you are kicking some serious #*%*. Walking it takes about 2.5 hours, and running it, back in my hey day, took just over an hour.
Start at the Lake Grove Swim Park, which is just North of the intersection of Southshore Blvd and Lakeview Blvd, along Lakeview Blvd. Proceed North on Lakeview. I suppose it is actually slightly Northeast, but for the sake of keeping it simple, head North along the shoulder of the road. There is a nice wide bike path and you’ll be enjoying the view of the lake and the stately mansions. You will go about half a mile before you come to the first right hand turn.
cross the bridge with the view to the left of Lakewood Bay you will come to a 3-way stop, turn left. Go about a block and take the first right. This is is Fairmont. You are only going to go about 100 feet before you turn left onto Middlecrest. Middlecrest is not a through street. It has a barrier erected to keep out auto traffic, but there is a pass through for bikes and pedestrians. Stay on Middlecrest a couple of blocks to the traffic light at State Street.
Please forgive me for using this forum to promote a cause that is very near and dear to my heart. I wouldn’t do it if I didn’t think it was extremely important. And I want to give my thanks to Ron and Linda for allowing me to do this in this forum.
It’s summer time and one of the great joys of the season is all of the fresh produce and bright assortment of flowers that are available at this time of year. In Lake Oswego these can be found in abundance at the local Farmer’s Market. Located in Millenium Plaza Park on Lake Oswego’s East side, the market is open on Saturdays from 8am to 1pm, mid May to the end of October. There is free parking and even doggie daycare (dogs are not allowed in the market).
Numerous farms bring their crops to the market. You’ll find all sorts of fruit and produce. Especially abundant are the berries: strawberries, blue berries, and black berries. There are vendors who sell just organic lettuce, and vendors who sell not only tomatoes, but tomato plants too. There are booths run by local nurseries so that you can purchase plants for your own garden. I have also seen a table set up by local master gardeners where you can ask experts your gardening questions.
The City of Lake Oswego has developed quite a reputation for its amazing displays of flowers. Flowers are everywhere: hanging in baskets, in the meridians of roads, in the round abouts, and along pathways and around intersections. Everywhere you turn in the summer months is an absolute feast of color.
I have to give credit for a large part of the City’s strong interest in flowers to one of the City’s former mayors, Bill Gerber. Bill loved this City. He owned a nursery in Lake Grove called Gerber Gardens. He toured the world looking at gorgeous gardens and brought his love of gardens home to Lake Oswego. It was through Bill’s efforts that Lake Oswego entered into, and won, the America in Bloom competition.