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Realtor with a Capital “R”

The State of Oregon requires Realtors to take 30 hours of very specific continuing education to be re-licensed every two years. And the National Association of Realtors requires that every four years Realtors must take a class on the Realtor Code of Ethics.

I’ve taken this class quite a few times. There is very little variation. To be a Realtor, that is with a capital “R”, a licensee must adhere to the Code of Ethics. I belong to one of the very few vocations that actually has a code of ethics. I think it goes without saying that it shouldn’t be necessary, but it is. And I am very proud of my profession that we have taken this position to maintain fair dealings and integrity.

Oregon has a pretty interesting history on this front. Oregon was the very first state in the United States to adopt a code of ethics on July 29th, 1913. So it isn’t just the bottle bill with which we have led the Nation.

The code has 17 Articles that stipulate fair dealings with fellow Realtors, with the our clients, and with the public. Each local real estate board is charged with enforcing the code of ethics. Yes, Realtors are held accountable.

Think about it, real estate involves the most important financial dealings that most people make within their lives. It must be handled with ethics.

My favorite part of the Code of Ethics is the preamble. I’d like to share with you just a sample:

“Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization. Realtors should recognize that the interests of the nation and its citizens require the highest and best use of the land and the widest distribution of land ownership. They require the creation of adequate housing, the building of functioning cities, the development of productive industries and farms, and the preservation of a healthful environment.”

And that is just the beginning. It is a beautifully written document and a standard that I am proud of in my profession.

Dianne

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Market Activity ~ Sept 3-9, 2012

Last week we ended with 16 New on the market, 14 Pending and 11 Sold.

See below for further details on last week’s Market Activity:

NEWLY LISTED (Sept 3-9, 2012)

Address List Price # Beds # Baths Total SF Prop Type
4000 CARMAN DR #85 $124,500 2 2 834 CONDO
45 EAGLE CREST DR #405 $169,900 2 1.1 1056 CONDO
234 GREENRIDGE DR $279,900 3 2 1492 ATTACHD
668 McVey #72 $279,900 3 1.1 1184 CONDO
232 GREENRIDGE DR $285,000 3 2 1492 ATTACHD
236 GREENRIDGE DR $289,900 3 2 1492 ATTACHD
454 5TH ST $315,000 2 1.1 1092 ATTACHD
959 SW LEE ST $395,500 3 2 2340 DETACHD
14353 HOLLY SPRINGS RD $399,999 5 3 2238 CONDO
4231 SUNSET DR $437,500 3 2 2852 DETACHD
530 BOCA RATAN DR $469,000 4 0.3 3368 DETACHD
10 SHERWOOD CT $535,000 4 3.1 3289 DETACHD
4972 HAMPTON CT $539,000 5 3.1 3780 DETACHD
2322 STONEHURST CT $599,000 4 2.1 3602 DETACHD
17255 BLUE HERON RD $1,125,000 3 2.1 2926 DETACHD
1217 LAKE FRONT RD $1,350,000 3 2.1 2628 DETACHD

PENDING SALES (Sept 3-9,2012 2012)

Address List Price # Beds # Baths Total SF Prop Type CDOM
92 CERVANTES CIR #11E $104,900 2 1.1 912 CONDO 15
4968 OAKRIDGE RD $185,000 3 1.1 1240 DETACHD 34
1127 CEDAR ST $229,500 2 1 1070 DETACHD 358
2167 WEMBLEY PARK RD $239,000 5 2 2680 DETACHD 6
5134 TREE ST $250,000 3 1.1 1405 DETACHD 2
16155 KIMBALL ST $289,000 3 1 1488 DETACHD 69
4582 TRILLIUM WOODS $369,900 3 2.1 1835 ATTACHD 136
14190 TAYLORS CREST LN $389,900 4 2.1 2577 DETACHD 20
17975 RIDGE LAKE DR $497,900 4 2.1 2727 DETACHD 15
361 BERWICK RD $679,000 4 3 2859 DETACHD 4
135 MIDDLECREST RD $699,900 3 2.1 2882 DETACHD 58
5680 LA MESA CT $719,900 4 3.1 3440 DETACHD 114
330 NORTHSHORE RD $749,000 4 3 3324 DETACHD 113
670 IRON MOUNTAIN BLVD $805,100 4 3.2 5421 DETACHD 186

SOLD (Sept 3-9,2012)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
45 EAGLE CREST DR #514 $199,000 $160,000 1 1.1 1046 CONDO 277
8 WHEATHERSTONE $229,950 $210,000 3 2.1 1692 ATTACHD 74
15703 Boones WAY $349,000 $322,000 3 2.1 2180 DETACHD 55
4522 TRILLIUM WOODS Lot24 $388,990 $369,900 3 2.1 1835 ATTACHD 123
12 MORNINGVIEW LN $420,000 $396,000 3 2.1 2683 ATTACHD 44
2376 FERNWOOD CIR $489,000 $441,500 4 2 2094 DETACHD 9
1837 CEDAR CT $499,900 $449,900 5 3 2840 DETACHD 547
491 COUNTRY CLUB RD $559,000 $460,000 3 2 2486 DETACHD 486
16018 PARKER RD $589,900 $465,675 5 3.2 3204 DETACHD 62
1176 TROON RD $784,900 $760,000 3 2 3022 DETACHD 6
5112 WOODCREST LN #7 East $661,245 $760,091 4 4.1 3340 DETACHD 0

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 ~ Sept 9, 2012

Happy “Open House Sunday” to you!
I’ll be at 979 Devon Lane fom 1 till 4PM. Stop by and say hello! We can relax on the veranda together : )

Address L/Price # Beds # Baths Total SF Style Open
4334 WOODSIDE CIR $269,900 3 2 1671 1STORY 1-3PM
4231 WOODSIDE CIR $289,500 3 2 1943 TOWNHSE 1:30-3:30PM
2593 GREENTREE RD $374,500 4 3 2211 TRI 11AM-1:30PM
979 DEVON LN $397,000 4 3.1 2162 CONTEMP 1-4PM
13899 MAJESTIC CT $405,000 3 2 2357 CONTEMP 2-4PM
29 PARTRIDGE LN $419,900 3 2.1 3109 2STORY 12-3PM
16439 LEXINGTON CT $449,000 2 2 1563 RANCH 1-4PM
323 3RD ST $465,000 3 3.1 1959 TOWNHSE 1-3PM
29 SPINOSA $489,000 3 2.2 3254 CONTEMP 1-4PM
84 BERWICK RD $549,000 5 3 3305 CONTEMP 2-5PM
15655 FIELDSTONE DR $589,500 4 2.1 2750 TRAD 12-2PM
14136 HEATHROW LN $599,000 4 2.1 2955 TRAD 1-3PM
5533 FIELDSTONE CT $599,500 4 2.1 3115 TRAD 12-2PM
18345 HEATHER ANN CT $649,900 4 2.1 3336 TRAD 1-3PM
2300 CHILDS RD $772,000 4 2 3183 FARMHSE 1-4PM
1209 LAKE GARDEN CT $799,000 5 2.1 3428 COLONIL 1-3PM
16805 SCOTT CT $889,000 3 3.1 4321 CUSTOM 1:30-3PM
17775 KELOK RD $949,500 4 2.1 2882 CONTEMP 1-3PM
18202 BELLA TERRA DR $1,039,500 4 3.1 3863 TRAD 2-4PM
1217 LAKE FRONT RD $1,350,000 3 2.1 2628 BUNGALO 1-3PM
112 NORTHSHORE CIR $1,625,000 4 3.1 3632 TRAD 11AM-4PM
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News & Notes

Hello from the Property Blotter!
Ok, here’s the news of the week….. It’s hot and sunny in Lake Oswego, and Dianne and I are busy selling real estate! : )
Just leaving you with an image of Lake Oswego Tomatoes for now, and encouraging you to enjoy your own harvests! Ours are overflowing here…. Tomato recipes are welcome in comments from our readers below!

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Market Activity Aug 27-Sept 2

Last week brought 16 New Listings to Lake Oswego, 21 Pending Sales, and Closed Sales.
See below for further details on last week’s Market Activity:

NEWLY LISTED (August 27 to September 2, 2012)

Address Type Price BR Bths SF
4 Touchstone #74 condo $158,000 3 2.5 1351
5785 Carman Dr detached $265,000 5 2.5 1934
466 5th ST #14 condo $299,900 2 1.5 1092
5745 Windfield Loop detached $369,000 3 2.5 1950
1935 Fernwood Dr detached $409,000 4 3 2100
5499 Royal Oaks Dr detached $409,900 3 2 1780
17121 Wall St detached $424,900 4 2.5 2187
2215 Fernwood Circle detached $438,950 4 3 2640
9 Spinosa detached $439,000 2 2.5 2250
323 3rd St attached $465,000 3 3.5 1959
12430 Orchard Hill Rd detached $625,000 3 3 2889
3197 Alber Spring Ct detached $649,900 4 2.5 3664
14527 Pfeifer Way detached $689,000 4 3.5 3803
8 Dover Way detached $975,000 6 4.5+.5 6244
2057 Summit Dr detached $1,095,000 4 3.5 4589

PENDING SALES (Auguest 27-September 2,2012 2012)

Address Type Price BR Baths SF DOM
100 Kerr Pkwy #24 condo $51,500 1 1 617 54
526 State St condo $119,000 2 1 914 29
181 Oswego Summit condo $149,900 2 2 1383 3
3858 Botticelli attached $182,500 3 2 1224 95
113 Touchstone Terr. attached $238,698 2 2.5 2104 327
5276 Oakridge Rd detached $274,900 3 2 1600 8
4270 Oakridge Rd detached $275,000 2 1 978 55
868 7th St detached $329,900 4 2 2270 8
4970 Suntree Ln detached $350,000 3 2 1769 8
19044 Olson Ave detached $429,000 4 4 3264 32
4909 Mulholland Dr attached $430,000 2 2.5 2403 8
17336 Hunter Ct detached $454,900 3 2.5 3004 14
2376 Fernwood Cir detached $489,000 4 2 2094 9
2 Buckingham Terr detached $519,000 4 3 3732 27
837 C Ave detached $569,000 2 2 2109 7
629 Iron Mountain Blvd detached $599,500 3 2 1966 160
1099 Troon Rd detached $899,000 4 3.5 3938 22
2180 Prestwick Rd detached $1,200,000 3 1.5 2391 21
2058 Summit Dr detached $1,390,000 3 2.5 3137 18
758 Southview Rd detached $3,450,000 5 5.5 5179 201
1024 Northshore Rd detached $4,695,000 5 5.5 7000 428

SOLD (August 27-September 2,2012)

Address Type List Price Closed Price BR Baths CDOM
203 Cervantes condo $119,900 $108,000 2 2 87
510 State ST condo $126,900 $125,710 1 1 7
15220 Boones Way 1C condo $139,900 $135,000 2 2 6
17684 Schalit Way detached $225,000 $210,000 3 1.5 6
4242 Woodside Cir attached $309,000 $288,000 3 2 33
17083 Fernwood Dr detached $389,900 $315,000 5 3 177
17200 Robb Pl detached $385,000 $395,000 3 2.5 4
12 Morningview Cir detached $425,000 $397,500 4 2.5 135
143 Furnace St condo $530,000 $490,000 2 2.5 30
5752 Victoria Ct detached $549,000 $537,500 3 2.5 23
1928 Palisades Terr detached $575,000 $575,000 4 5.5 91
217 5th St detached $699,000 $630,000 3 2.5 121
16737 Sylvan Ct detached $795,000 $750,000 4 3 329
15575 Village Dr detached $895,000 $875,000 4 2.5 18
13795 Cameo Ct detached $1,449,000 $1,350,000 4 5.5+.5 259
1345 Cherry Ln detached $1,599,000 $1,450,000 5 3.5 10
17700 Upper Cherry Ln detached $2,495,000 $1,925,000 5 5.5 724

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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Analysis of the Higher Price Ranges

I think that there is a general perception that the market has picked up a bit of steam. I have personally seen this in multiple offer situations and short market times. But I have to say that I’ve seen it in the more affordable price ranges.

I did have a sale recently for a $625,000 house that sold in 1 day with multiple offers. But I found myself wondering, was that a fluke? Is that really happening in the higher price ranges? So I took some time today to compare the more expensive homes (purely arbitrarily I chose $500,000 and higher) today versus what was happening a year ago in the same 6-month time period. Here are the results:

Price Range Sold 2/11-8/11 Active Today Pending Today Sold 2/12-8/12 Current Months of Inventory
$500,000-$600,000 29 36 17 53 4
$600,000-$700,000 25 32 3 27 7
$700,000-$800,000 23 35 7 17 12
$800,000-$900,000 17 18 4 18 6
$900,000-$1,000,000 9 18 2 11 9
$1,000,000-$1,500,000 19 38 6 15 15
$1,500,000-$3,000,000 3 22 4 5 26
$3,000,000-$20,000,000 0 11 2 1 55

Pretty interesting. The $500,000 to $600,000 is selling strongly. So is the $800,000 to $900,000. 4 to 6 months of inventory is a pretty healthy market. Pricing over a million is where it really hits the skids. And that way tip-top price point of $3,000,000 and more is barely moving. This is when we look at the closed sales. But then when you factor in the pending sales, and there are several, it looks a bit better. When the pending sales in the top price bracket close, and this should happen in 45-60 days, the inventory drops from 55 months to 22 months. In the $1,500,000 to $3,000,000 it drops the inventory from 26 months to 14.

Bottom line, it’s still too soon to tell. And it can still be said that the higher priced homes just take longer to sell as there are fewer people financially qualified to buy them.

So what are these high priced houses like?

The most expensive, recently-closed sale was a house on the Willamette River. It sold for $3,600,000 and went pending in just 33 days (seriously!).

The most expensive pending sale is on the North shore of Oswego Lake. Priced at $4,695,000, it took 428 days to receive an accepted offer.

The most expensive house currently for sale is NOT Jantzen Island. That house has been withdrawn from the market. It was price reduced from $19,500,000 to $15,000,000. The new king of the most-expensive- house-fo-sale-in-Lake-Oswego-pageant is a house on Northshore that is listed for $11,600,000. It was built in 2009 and has 13,462 square feet, 5 bedrooms, 6 full baths and 2 half baths.

I hope you find this information of interest. It’s always a kick to try and figure out the market and its trends. Let me know if you have any questions.
Dianne

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Market Activity ~ Aug 20-26, 2012

Last week we ended with 21 New on the market, 15 Pending and 21 Sold.

See below for further details on last week’s Market Activity:

NEWLY LISTED (August 20-26, 2012)

Address List Price # Beds # Baths Total SF Prop Type
92 CERVANTES CIR #11-E $104,900 2 1.1 912 CONDO
11 CRESTFIELD CT $118,000 1 1 650 CONDO
364 CERVANTES CIR #14-D $119,000 2 1 832 CONDO
4765 FIRWOOD RD $300,000 3 2 1728 DETACHD
868 7TH ST $329,900 4 2 2270 DETACHD
4970 SUNTREE LN $350,000 3 2 1769 DETACHD
4263 HARVEY WAY $355,000 3 2 1640 DETACHD
2955 WEMBLEY PARK RD $399,000 3 2.1 2620 DETACHD
4909 MULHOLLAND DR $430,000 2 2.1 2403 ATTACHD
17975 RIDGE LAKE DR $497,900 4 2.1 2727 DETACHD
13548 STREAMSIDE DR $599,900 5 3 3336 DETACHD
16610 WOODSMAN CT $679,900 4 3 3664 DETACHD
543 2nd ST #204 $699,000 2 2 1816 CONDO
2099 SUMMIT DR $699,000 3 2.1 2250 DETACHD
588 9TH ST $795,000 4 2.1 2741 DETACHD
19371 SW RIVERWOOD LN $1,120,000 4 4.1 5048 DETACHD
1924 CHERYL CT $1,295,000 4 4.2 5204 DETACHD
688 IRON MOUNTAIN BLVD $1,297,000 4 4.1 4143 DETACHD
2890 GLEN EAGLES RD $1,495,000 4 3.1 4587 DETACHD
14733 UPLANDS DR $1,900,000 6 5.2 6788 DETACHD
1150 FAIRWAY RD $3,795,000 5 5.1 8724 DETACHD

PENDING SALES (August 20-26,2012 2012)

Address List Price # Beds # Baths Total SF Prop Type CDOM
6351 BURMA RD $87,500 2 1 2016 DETACHD 77
668 MCVEY AVE #43 $104,900 1 1 626 CONDO 34
5225 JEAN RD #504 $150,900 2 2 1100 CONDO 14
5225 JEAN RD #314 $159,900 3 2 1500 ATTACHD 19
3433 MC NARY #506 $168,900 2 2.1 1136 CONDO 34
5195 FIRWOOD RD $206,000 3 2 1886 DETACHD 111
2325 PARK RD $284,950 3 2 1863 DETACHD 0
15115 TWIN FIR RD $299,500 3 2 1392 DETACHD 48
4104 LAKEVIEW BLVD $300,000 4 2 2024 DETACHD 10
1113 ERICKSON ST $324,500 4 2 2203 DETACHD 7
15703 Boones WAY $349,000 3 2.1 2180 DETACHD 55
14710 DAVIS LN $349,999 2 2.1 1680 ATTACHD 87
70 TOUCHSTONE $395,000 3 3 3080 DETACHD 397
5476 SOUTHWOOD DR $769,900 4 3 3858 DETACHD 5
1205 CHANDLER RD $825,000 5 3.1 4275 DETACHD 112

SOLD (August 20-26,2012)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
3 OSWEGO SMT #3 $124,900 $85,000 2 2 1212 CONDO 325
121 LEONARD ST E $106,000 $105,000 1 1 830 CONDO 4
3924 CARMAN DR $145,000 $138,000 2 2.1 1140 ATTACHD 720
4057 JEFFERSON PKWY $169,000 $162,000 3 2.1 1249 ATTACHD 22
750 1ST ST #A9 $169,000 $166,500 2 2 1350 CONDO 9
4251 WOODSIDE CIR $324,900 $250,000 3 2 2032 ATTACHD 294
975 SOUTHSHORE BLVD $285,000 $285,000 3 2.1 2118 DETACHD 4
1286 ROCKINGHORSE LN $385,000 $289,000 3 2.1 1883 DETACHD 613
35 CHURCHILL DOWNS $395,000 $340,000 4 3 2271 DETACHD 17
4101 VIRGINIA WAY $499,000 $350,000 5 3.1 2752 DETACHD 689
1475 LABURNUM WAY $359,900 $359,900 3 2.1 1748 DETACHD 4
2794 VALE CT $438,000 $385,000 3 2.1 2970 DETACHD 87
13131 THOMA RD $450,000 $440,000 3 2 2600 DETACHD 12
4484 WESTBAY RD $575,000 $465,000 5 2.1 3400 DETACHD 116
13259 SANDALWOOD CT $524,900 $524,900 4 2.1 2919 DETACHD 10
4625 FIRWOOD RD $549,900 $540,000 4 3 4147 DETACHD 23
4301 UPPER DR $739,000 $697,000 4 3 3415 DETACHD 29
637 ENGLEWOOD DR $749,000 $734,000 6 3.1 3920 DETACHD 2
13219 DEERFIELD CT $799,900 $776,750 4 3.1 3915 DETACHD 50
2348 OSWEGO GLEN CT $949,900 $800,000 4 3.1 3848 DETACHD 104
777 NORTHSHORE RD $1,295,000 $1,190,000 3 2.1 3960 DETACHD 125

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 ~ Aug. 26, 2012

Enjoy a great tour Sunday with these 29 homes from which to choose, according to RMLS:

Address L/Price # Beds # Baths Total SF Style Open
1127 CEDAR ST $229,500 2 1 1070 COTTAGE 12:30-4PM
16758 GRAEF CIR $269,000 3 1 1295 COTTAGE 2:30-4:30PM
4334 WOODSIDE CIR $269,900 3 2 1671 1STORY 1-3PM
4231 WOODSIDE CIR $298,500 3 2 1943 2STORY,TOWNHSE 1-3PM
4263 HARVEY WAY $355,000 3 2 1640 TRAD 1-3PM
3554 TEMPEST DR $392,500 3 2.1 2241 SPLIT,CUSTOM 1-3PM
13899 MAJESTIC CT $405,000 3 2 2357 CONTEMP 1-3PM
16439 LEXINGTON CT $449,000 2 2 1563 RANCH,TRAD 1-4PM
15585 PARTRIDGE DR $449,950 4 2.1 2604 CAPECOD,2STORY 2-5PM
1642 HIGHLAND DR $459,000 4 3 2234 SPLIT 1-3PM
17802 TREETOP LN $529,000 4 3.1 3655 COLONIL 12-2PM
17357 OAK MEADOW LN $535,000 4 2.1 3274 TRAD 12:30-2PM
2823 GLEN HAVEN RD $538,000 4 2 3015 TRAD 2-4PM
16734 Mellon ST $548,500 4 2.1 2368 TRAD 2:30-4:30PM
17561 SHEPHERDS CT $550,000 4 2.1 3011 TRAD 1-4PM
16746 Mellon ST $567,900 3 2.1 2724 TRAD 2:30-4:30PM
4994 HARTFORD PL $569,000 5 2.1 3325 TRAD 12:30-3PM
15655 FIELDSTONE DR $589,500 3 2.1 2750 TRAD 12-1PM
5533 FIELDSTONE CT $599,500 4 2.1 3115 TRAD 12-2PM
12994 SIERRA VISTA DR $599,500 6 3.1 3824 TRAD 12-3PM
18096 PILKINGTON RD $625,000 3 2.1 3182 TRAD,CUSTOM 1-3PM
5193 DENTON DR $635,000 4 2.1 3076 TRAD 1-3PM
16633 WOODSMAN CT $749,900 4 4 4131 2STORY,CUSTOM 1-4PM
588 9TH ST $795,000 4 2.1 2741 BUNGALO,2STORY 1-4PM
16805 SCOTT CT $892,000 3 3.1 4321 CUSTOM 2-4PM
17775 KELOK RD $949,500 4 2.1 2882 CONTEMP 1-4PM
18202 BELLA TERRA DR $1,075,000 4 3.1 3863 TRAD 12-2PM
1924 CHERYL CT $1,295,000 4 4.2 5204 OTHER,TRAD 1-4PM
1677 LESLIE LN $1,799,999 4 6.1 7534 MEDIT 2-4PM
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News & Notes

JULY 2012
Here are some Market Notes for You~

According to the RMLS Market Action Report for July 2012 fo the Portland Metro Area “Every measure of real estate activity is positive when comparing July 2012 with July 2011″:

  • There were 23% more accepted offers,
  • There was an increase of 15.4% in closed sales ,
  • The Median Sales Price rose 7.8% over July last year, and 1.2% when comparing with June 2012
  • ***AND… This is the 4th month in a row that the Median Sales Price has risen.

The combined area of Lake Oswego and West Linn reported:

  • 662 Active Listings
  • 217 New Listings
  • 128 Pending Sales
  • 120 Closed Sales
  • An average Sale Price of $425,000.
  • Average Time on the Market: 126 Days (down by a full 10 days from last month!)
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Market Activity Aug 13-19, 2012

Last week Lake Oswego had 16 homes come onto the market, 14 houses go sale pending, and 17 closed sales. Trends? Of the 16 new listings, 5 were homes that were on the market a year or more ago, expired, and have now re-listed. My thought is that the home owners have seen the market pick up and are now thinking they may have better luck. They may be right. Of the pending sales, 1/3 sold is less than 30 days. Of the closed sales, 1/2 sold is less than 30 days.

See below for further details on last week’s Market Activity:

NEWLY LISTED (August 13-19, 2012)

Address Type Price BR Bths SF
4 Touchstone #120 Condo $104,900 3 2.5 1351
668 McVey Ave #16 Condo $205,000 2 1 852
18350 Tualata Ave Detached $234,900 2 1 996
5276 Oakridge Rd Detached $274,900 3 2 1600
4 Del Prado St Detached $299,900 3 2.5 1716
4104 Lakeview Blvd Detached $300,000 4 2 2024
1113 Erickson St Detached $324,900 4 2 2203
15364 Twin Fir Rd Detached $324,900 3 1 1608
14190 Taylors Crest Ln Detached $389,900 4 2.5 2577
1041 Oxford Dr Detached $444,000 4 3.5 2712
17336 Hunter Ct Detached $454,900 3 2.5 3004
2376 Fernwood Cir Detached $489,000 5 2 2600
5682 Charles Cir Detached $549,000 4 2.5 3052
1023 Country Commons Detached $619,000 4 3 3359
13624 Provincial Hill Way Detached $729,900 4 2.5 3704
17550 Lake Haven Dr Detached $949,900 4 2.5 2580

PENDING SALES (August 13-19,2012 2012)

Address Type Price BR Baths SF DOM
100 Kerr Pkwy #24 Condo $51,500 1 1 617 38
100 Kerr Pkwy #14 Condo $64,900 1 1 617 184
4000 Carman Dr #10 Condo $119,900 2 2 836 8
4968 Oakridge Rd Detached $195,000 3 1.5 1240 15
5851 Burma Rd Detached $239,888 4 2 1760 38
1674 Larch St Detached $250,000 3 2.5 1794 147
6320 Dawn Ave Detached $349,500 5 3 2400 49
12 Morningview Ln Attached $420,000 3 2.5 2683 44
3220 Edgemont Rd Detached $519,900 4 3 2159 3
2574 Glen Eagles Pl Detached $549,000 4 3 2639 69
775 F Ave Detached $595,000 4 2.5 2700 3
18283 Lothlorien Way Detached $609,900 4 3 3015 22
16736 Sylvan Ct Detached $779,000 4 3 3914 329
3105 Wembley Park Rd Detached $875,000 3 2.5 3209 285

SOLD (August 13-19,2012)

Address Type List Price Closed Price BR Baths CDOM
3976 Carman Dr Attached $169,900 $148,000 2 2.5 22
1401 Greentree Cir Detached $299,900 $260,000 3 2 221
18585 Kristi Way Detached $285,000 $290,000 3 2 1
728 Ash St Detached $280,000 $307,000 3 2.5 4
1057 C Ave Detached $299,900 $329,000 2 1 5
19 Partridge Ln Detached $349,900 $348,600 4 3 6
4946 Mulholland Dr Attached $389,900 $359,900 3 2.5 337
4824 Hastings Dr Detached $360,000 $385,000 4 2.5 7
17265 Cedar Rd Detached $417,000 $411,000 4 2.5 59
1611 Lee St Detached $429,900 $417,810 3 2.5 46
13849 Melrose Pl Detached $459,900 $453,000 3 2.5 123
3220 Duncan Dr Detached $499,900 $472,500 4 2.5 31
5666 Grand Oaks Dr Detached $525,000 $498,000 4 2.5 15
5604 Grand Oaks Dr Detached $599,999 $573,000 5 3 172
14175 Taylors Crest Ln Detached $595,000 $574,500 3 3 246
475 10th St Detached $739,000 $720,000 5 3 23
5933 Suncreek Dr Detached $849,000 $800,000 4 3.5+.5 18

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