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Lake Oswego Market Activity ~ August 31 – Sept. 6, 2009

Well, the school year has officially started, and we’re all back from our Labor Day festivities. From the look of things, real estate is still moving right along with 21 Pending sales this past week in Lake Oswego.  We had 12 New properties come on market, and just 5 get to Sold status.

Here is the latest market activity for Lake Oswego (see below the tables for additional notes):

NEWLY LISTED (August 31—Sept. 6, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
Address List Price # Beds # Baths Total SF Prop Type List Date
370 CERVANTES CIR $130,000 2 1 832 CONDO 8/31/2009
5051 FOOTHILLS DR $210,000 2 2 991 CONDO 8/31/2009
29 ORIOLE LN $299,990 3 2.1 1,644 DETACHD 9/4/2009
15139 Tree RD $315,000 3 2 1,328 DETACHD 8/31/2009
15112 QUARRY RD $325,000 4 2 1,968 DETACHD 9/4/2009
1625 CLOVERLEAF RD $364,900 3 2 1,996 DETACHD 9/3/2009
4774 OAKRIDGE RD $374,000 3 1 2,104 DETACHD 9/2/2009
5460 BAY CREEK DR $429,900 3 2.1 2,358 DETACHD 9/1/2009
19026 INDIAN SPRINGS RD 435000 5 3 2,971 DETACHD 8/31/2009
1025 C AVE 499500 3 2 2,261 DETACHD 9/2/2009
18842 BRYANT RD 850000 4 2.2 3,528 DETACHD 9/2/2009
1633 MAPLE ST 894950 3 3 3,405 DETACHD 9/4/2009

PENDING SALES (August 31 -Sept 6, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
Address List Price # Beds # Baths Total SF Prop Type CDOM
7202 SW MONTAUK CIR $109,900 2 1 968 CONDO 43
15938 QUARRY RD $129,900 2 1 991 CONDO 62
45 CRESTFIELD CT $138,900 2 1 923 CONDO 63
15868 PARKER RD $169,900 2 1 780 DETACHD 168
4 TOUCHSTONE $179,500 2 2 984 CONDO 19
668 MCVEY AVE $179,850 2 1.1 976 CONDO 1022
1432 LAUREL ST $269,500 2 1 920 DETACHD 85
3290 WEMBLEY PARK RD $278,910 5 3 2,614 DETACHD 29
6310 CARMAN DR 349900 3 2.2 1,270 DETACHD 86
14141 GOODALL RD 359900 3 2.1 1,754 DETACHD 91
2851 PARK RD 399000 4 2.1 2,674 DETACHD 137
126 CONDOLEA DR 449000 3 3 2,664 CONDO 680
13342 AUBURN CT 475000 3 2.1 2,389 ATTACHD 75
1921 GLENMORRIE LN 499000 3 3 2,395 DETACHD 49
2925 ORCHARD HILL PL 499900 3 2.1 2,418 DETACHD 148
13176 SANDALWOOD CT 589000 4 2.1 2,982 DETACHD 306
5421 Bay Creek DR 599000 4 2.1 3,241 DETACHD 138
799 COUNTRY CLUB RD 600000 6 2.1 4,410 DETACHD 784
17878 HILLSIDE DR 895000 5 3 3,462 DETACHD 34
17211 KELOK RD 1399000 3 3.1 5,384 DETACHD 91
16737 MAPLE CIR 1400000 3 3 1,683 DETACHD 144

SOLD (August 31-Sept. 6, 2009)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
1889 BOCA RATAN DR $229,900 $230,000 3 2 1,393 ATTACHD 7
3355 UPPER DR $470,000 $440,000 4 2 3,205 DETACHD 23
181 3RD ST $739,000 $635,000 2 2 1,523 CONDO 196
22 INDEPENDENCE AVE $724,000 $675,500 7 4.1 4,066 DETACHD 26
511 6TH ST $988,000 $825,000 5 3.1 4,000 DETACHD 146

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 ~ Sunday, Sept 6, 2009

Rainy Sunday on Labor Day Weekend… hmmm…  There ARE a few houses to enjoy on tour today however, and it looks like a nice grouping.  Here are the Lake Oswego houses being held Open according to RMLS:

Address L/Price Bdrms Total Bath Total SF Open
668 MCVEY AVE $249,000 3 1.1 985 1:00-3:00
5373 LAKEVIEW BLVD $349,000 3 1 2176 1:00-4:00
18246 BELLA TERRA DR $1,294,000 4 3.1 4052 1:00-4:00
17464 RIDGEVIEW LN $1,298,950 4 3.1 4407 2:00-4:00
622 OAK MEADOW DR $1,325,000 4 3.1 4171 2:00-4:00
664 OAK MEADOW DR $1,355,000 4 3.1 4198 2:00-4:00
18110 Siena DR $1,394,000 4 3.1 4311 1:00-4:00
657 OAK MEADOW DR. $1,395,000 4 3.1 4371 2:00-4:00
17364 RIDGEVIEW CT $1,425,000 4 3.1 4436 2:00-4:00
17433 RIDGEVIEW LN $1,495,000 4 4.1 4704 2:00-4:00
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More Random Tips:

Disclose, Disclose, Disclose!

Once upon a time there was a transaction wherein the Realtor representing the Buyer noticed some abnormalities in the Seller’s answers to questions on the Disclosures.  FYI, when you are selling a home, the best and only rule is “Disclose, disclose, disclose!”.  In this situation, the Seller, who had lived in the house for some time, seemed to have excellent knowledge of some things and no knowledge at all of things such as whether the roof had leaked while he/she lived there, whether there were any drainage problems on the property, and whether the main systems of the house were in good working order.  A quick call to the Seller’s agent resulted in answers forthcoming that the Seller had not experienced any leaking from the roof, nor noticed any drainage problems, and that the systems were all working just fine.  I think Seller’s get nervous when filling out these disclosures as they can seem like being asked to air your dirty laundry.  Disclosures, however, are really important to the Seller and the Buyer alike.  Basically, you just want to look at each question and answer to the best of your ability and knowledge.  Sometimes an “N/A” is in order.  Sometimes a “Yes” or a “No” is really called for, and sometimes an “Unknown” is absolutely fine.  If you are a  Seller and fail to disclose something about the property, and it becomes apparent after closing, you could possibly be liable for misrepresenting on your Disclosures… even if it was just a slip of the pen or a spat of bad memory.  It’s much better to just let it all hang out, and your Buyers will appreciate your obvious candor.  A Buyer feels much more comfortable seeing a few dings on the disclosures than they do wondering at odd answers or obvious misstatements… such as that all work was done with permits when the naked eye can tell that some was not.  Again, sometimes you have to take a moment to remember… especially if you’ve lived in a home for a long time.   So anyhoo, better just to lay it all out there.  Calms everyone right down, protects you as the Seller & sets the tone for a good transaction.

Oil Tanks & the DEQ

Speaking of instructional situations…  Make sure that when you are purchasing or selling a home whose heating system has been updated at some point, you check to find out if there was ever an underground oil tank on the property.  Dianne and I have written posts on this in the past and you can find them in the archives here, but it is very important to find out 1) If one was/is on the property, 2) If so, was it decommissioned?, and 3) If it was decommissioned, was a DEQ Certificate obtained?  (You can call DEQ, give them your address, and find out pretty quickly.) This last question is the kicker, and I find that people are confused about it.  If you are a Seller and bought your home with the understanding that it had an oil tank that was decommissioned, but you did not find out if there was a DEQ Certificate and there is NOT one… You will most certainly be required to provide one before closing (Your Buyer does not want to inherit this situation for themselves for when they sell in the future).  This involves calling a DEQ-licensed Environmental Services provider.  The process includes locating the underground tank, taking soil samples, checking the decommission job if one was done, and verifying that it was done to DEQ standards.  If all this checks out, you can get yourself a DEQ Certificate to pass on to your Buyer.  So… better to check this out before putting your property on the market rather than getting surprised during a transaction.  And Buyers… remember to ask your Realtor about this for more clarification.

Feel free to call Dianne or myself any time for more information on any of the tidbits we provide.  We love to help our Property Blotter readers and clients!  Hope this was helpful to you today.

Very Best,

Linda

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Market Activity for August 24th to 30th, 2009

It sure feels to me like summer is winding down with cooler evenings and the leaves starting to turn color.  However, that is not the case in the local housing market.  OK, I know it is still not as hot as it was before July of 2007, but compared to recent market activity, last week was HOT.  14 new listings, 12 pending sales, and 17 closed sales, what a relief it is to see houses selling at a greater number than they are coming on the market.

I see two particular items to make note of.  Out of 17 closed sales, 6 sold in 16 days or less.  That is fast.  It shows that when staged properly and priced right houses are selling in this market.  Buyers are smart.  They really look at what’s for sale and recognize value when they see it. Also worth noting is the sale at 13237 Knaus Rd.  Originally listed almost 2 years ago for $2,400,000, this house had 4909 square feet, Mt. Hood view, about an acre of land with a tennis court and a 4 car garage.  It became a short sale and closed for $750,750.  Wow!  That sale has earned a gold star from me for being the smokin’ hot deal of the summer.  Whoever bought it did very well.

So here is your market activity for last week:

(see below the tables for additional notes):

NEWLY LISTED (August 24—August 30, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
Address List Price # BR # BTHS Total SF Prop Type List Date CDOM
4615 LAKEVIEW BLVD $127,900 1 1 753 CONDO 8/30/2009
4000 CARMAN DR $128,900 1 1 767 CONDO 8/25/2009
4000 CARMAN DR $129,900 1 1 836 CONDO 8/24/2009
210 RIDGEWAY RD $192,500 1 1 778 CONDO 8/24/2009
192 RIDGEWAY RD $235,000 2 1 1,659 CONDO 8/24/2009
5958 KENNYCROFT WAY $264,900 3 2.1 1,450 DETACHD 8/27/2009
18690 DON LEE WAY $325,000 3 2 1,136 DETACHD 8/24/2009
1630 WOODLAND TER $399,900 4 2 2,131 DETACHD 8/25/2009
17366 CARDINAL DR 444000 4 2.1 2,107 DETACHD 8/24/2009
13395 VERMEER DR 485000 4 2.1 2,461 DETACHD 8/29/2009
1550 MAPLE ST 486000 3 2.1 2,136 DETACHD 8/28/2009
2525 DELLWOOD DR 549900 5 3 2,836 DETACHD 8/25/2009
460 BOCA RATAN DR 599000 3 2 2,238 DETACHD 8/26/2009
2335 OSWEGO GLEN CT 1150000 4 4 3,682 DETACHD 8/24/2009

PENDING SALES (August 24 -August 30, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
Address List Price # BR # BTHS Total SF Prop Type CDOM
4 TOUCHSTONE DR $106,000 2 2 984 CONDO 227
48 EAGLE CREST DR $164,900 2 2 1,443 CONDO 108
18121 TUALATA AVE $246,750 3 2 1,766 DETACHD 168
1057 C AVE $299,000 2 1 1,048 DETACHD 81
45 TANGLEWOOD DR $330,000 5 3.1 3,166 DETACHD 165
28 PREAKNESS CT $350,000 5 4 2,871 DETACHD 56
13899 MAJESTIC CT $375,000 3 2 2,357 DETACHD 86
17760 SW CARDINAL CT $395,000 3 2.1 2,147 DETACHD 60
17221 ROBB PL 427500 3 2 1,812 DETACHD 12
1250 Andrews RD 649000 4 2.1 3,137 DETACHD 277
5459 WESTFIELD CT 875000 5 3.1 3,670 DETACHD 23
511 6TH ST 896950 5 3.1 4,000 DETACHD 146

SOLD (August 24-August 30, 2009)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
Address O/Price Close Price # BR # BTHS Total SF Prop Type CDOM
15210 BOONES WAY $175,000 $167,500 2 2 1,185 CONDO 50
4 TOUCHSTONE $179,900 $175,000 3 2.1 1,351 CONDO 23
750 1ST ST $264,500 $185,000 2 2 1,350 CONDO 327
12844 BOONES FERRY RD $257,000 $215,000 2 2.1 1,136 CONDO 135
4749 FIRWOOD RD $229,900 $222,000 3 1.1 1,440 DETACHD 13
6137 CHILDS RD $240,000 $236,500 3 1 946 DETACHD 10
17570 MARDEE AVE $324,950 $256,250 3 1 1,050 DETACHD 284
655 HEMLOCK ST $314,900 $307,000 3 1.1 1,352 DETACHD 16
802 SUNNY HILL DR 429000 410000 4 2.1 2,508 DETACHD 16
20 HOTSPUR ST 425000 417000 4 2.1 2,456 DETACHD 5
5807 RIDGETOP CT $589,900 474400 4 2.1 2,650 DETACHD 190
16439 LEXINGTON CT $514,950 479900 2 2 1,563 DETACHD 237
686 SUNNY HILL DR 569500 569500 4 2.1 2,300 DETACHD 67
2130 HILLSIDE CT 675000 675000 5 2.2 3,954 DETACHD 8
13237 KNAUS RD $2,400,00 750750 3 3.1 4,909 DETACHD 560
17178 CEDAR RD 1195000 1049000 5 3.1 4,209 DETACHD 92
16359 CHAPIN WAY 1429000 1259000 4 3.1 4,158 DETACHD 404

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 for August 30, 2009

There will be 29 open houses in Lake Oswego this Sunday, according to the RMLS:

562 State St., $174,000.  778 sq. feet, 1 BR, 1 BTH, open 1-3

1597 BonnieBrae Dr, $216,900.  998 sq. feet, 2 BR, 1 BTH, open 1-3

1581 Bonnie Brae Dr, $265,000.  1393 sq. feet, 2 BR, 2 BTHS, open 1-3

5096 Tree St, $334,900.  1410 sq. feet, 3 BR, 1.5 BTHS, open 2-5

26 Briarwood Rd, $344,900.  2554 sq. feet, 4 BR, 2 full + 2 half BTHS, open 11-2

9 Da Vinci St, $399,900.  1768 sq. feet, 3 BR, 2 BTHS, open 12-2:30

623 Atwater Rd, $409,995. 2009 sq. feet, 3 BR, 3 BTHS, open 12-2

31 Da Vinci St, $424,900.  2232 sq. feet, 4 BR, 2.5 BTHS, open 3-5

1565 Bedford Ct, $429,000.  1978 sq. feet, 2 BR, 2 BTHS, open 1:30-4

138 Kingsgate Rd, $435,000.  1600 sq. feet, 3 BR, 2.5 BTHS, open 1-3

566 5th St, $459,000.  2177 sq. feet, 3 BR, 2 BTHS, open 10-1

14371 Sherbrook Pl, $495,000.  2550 sq. feet, 3 BR, 2.5 BTHS, open 2-4

3254 Duncan, $509,900.  3997 sq. feet, 4 BR, 3.5 BTHS, open 2-4

939 Sunnyhill Dr, $515,000.  3254 sq feet. 4 BR, 2.5 BTHS, open 1-3

15837 Allison Pl, $649,000.  3534 sq. feet, 4 BR, 2.5 BTHS, open 1-4

18280 Delenka Ln, $780,000.  4405 sq. feet, 5 BR, 3.5 BTHS, open 1-3

3030 Westview Ct, $849,000.  3415 sq. feet, 4 BR, 2.5 BTHS, open 1:30-3:30

18360 Delenka Ln, $898,000.  4346 sq. feet, 4 BR, 3.5 BTHS, open 1-3

1920 Glenmorrie Dr, $995,000.  4284 sq. feet, 3 BR, 2 full + 2 half BTHS, open 1-4

624 Atwater Rd, $1,249,000.  4465 sq. feet, 5 BR, 3.5 BTHS, open 2-4

18246 Bella Terra Dr, $1,294,000. 4052 sq. feet, 4 BR, 3.5 BTHS, open 1-4

17464 Ridgeview Ln, $1,298,950. 4407 sq. feet, 4 BR, 3.5 BTHS, open 2-4

622 Oak Meadow Dr, $1,325,000. 4171 sq. feet, 4 BR, 3.5 BTHS, open 2-4

664 Oak Meadow Dr, $1,355,000.  4198 sq. feet, 4 BR, 3.5 BTHS, open 2-4

18110 Siena Dr, $1,394,000.  4311 sq. feet, 4 BR, 3.5 BTHS, open 1-4

657 Oak Meadow Dr, $1,395,000. 4371 sq. feet, 4 BR, 3.5 BTHS, open 2-4

17364 Ridgeview Ct, $1,425,000.  4436 sq. feet, 4 BR, 3.5 BTHS, open 2-4

17433 Ridgeview Ln, $1,495,000.  4704 sq. feet, 4 BR, 4.5 BTHS, open 2-4

1115 Northshore Rd, $1,599,000.  4330 sq. feet, 4 BR, 4.5 BTHS, open 11-2

Have a great weekend!

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Oregon’s Working Ferries

One of the great things about having a blog is that you get to share things that are of personal interest.  So this post is about one of my fond summertime memories, as well as a suggestion for yourself or your out-of-town guests who come to Lake Oswego.

canbyferry1I have a very great fondness for the Oregon ferry system because of my grandfather.  As a child I spent vacations at his home in Salem.  He would load myself and my 3 big brothers into his car and take us out to ride the Wheatland Ferry on the Willamette river between Salem and Newberg.  Along the way we would see field after field of hops, corn, tomatoes, peaches and all manner of fresh produce.  We’d always be sure to make a stop at a road-side stand to load up on peaches.  Then we’d have them for breakfast with fresh cream and oatmeal the next morning.

When you live in Lake Oswego, you have easy access to your own working ferry:  the Canby ferry.  It’s located just about a 15 minute drive South of Lake Oswego.  Take Stafford Road South past I205, turn left at Mountain Road, and that will take you straight to the ferry.  The ferry runs year-around, except for extreme weather.  It starts early in the morning at 6:45am and runs until 9:15 in the evening.  1-way cost for a car is $2.  It will take you from the Lake Oswego/West Linn side of the Willamette to the Canby side.  To make a similar journey via the surface roads would take about 20 minutes longer.  So as a means of transportation, it is actually pretty functional.  But it is also scenic and adds a very nice ambiance to what is otherwise a fairly mundane drive on the freeway.  On the Canby side you’ll find all sorts of roadside stands for seasonal fresh produce, just like I enjoyed with my grandfather 40 or so years ago.

The ferry is one of several in the current ferry system.  The Canby ferry has been in service since 1914.  Two other ferries that are still in service are the Wheatland ferry near Salem and the Buena Vista ferry that is South of Independence.

canbyferry2This subject is leading me to a little bit of Oregon history.  As you drive around the metro area you’ll see quite a few roads that feature the word ferry in their name:  Taylor’s Ferry Rd, Graham’s Ferry Rd, Scholls Ferry Rd. And here in Lake Oswego, Boones Ferry Rd is one of the major streets in town.   These roads were conveniently named to lead travelers back in the days before we had bridges across the Willamette River to the many ferries that aided with these crossings.  Boones Ferry Road led to the Boones Ferry, which was located where what is now Boones Bridge in Wilsonville (actually the current location of the Boones Bridge across I-5).  Boones Ferry was operated by Alphonso Boone, a grandson of Daniel Boone.

Oregon isn’t necessarily well known for its ferry system the way that Seattle is.  But we have one.  I think it’s a hidden treasure and I love living in Lake Oswego where I have easy access to the summer-time pleasure of taking the ferry to buy fresh peaches on the Canby side of the river.  It’s a great personal past time, but I also enjoy sharing it with friends who are visiting the area.  There are also quite a few great things to do and enjoy as you head South down the valley.  I’ll touch onto those in a future posting.

P.S.  Fresh peaches and cream on oatmeal are THE BEST!

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Lake Oswego Market Activity ~ August 17 – 23, 2009

Last week Lake Oswego saw 12 New properties hit the market, while 10 went Pending and 15 Sold.

All over we are seeing the typical house-buying frenzy that usually occurs before the start of a new school year.  Notably, we are also seeing an uptick in sales over last year as pointed out in the lastest RMLS Market Action Report (see my report from last Wednesday). Feel free to give Dianne or myself a call if you’re out there a part of it, and need some help.

Gotta go! Dianne and I are touring LO Houses today. Here is the latest market activity for Lake Oswego (see below the tables for additional notes):

NEWLY LISTED (August 17—August 23, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
Address List Price # Beds # Baths Total SF Prop Type List Date
12 POLONIUS ST $262,300 4 2.1 3,066 DETACHD 8/20/2009
16573 BONAIRE AVE $284,900 4 2 1,560 DETACHD 8/20/2009
113 KINGSGATE RD $309,000 3 2 1,538 DETACHD 8/21/2009
5077 W SUNSET DR $349,900 2 2.1 1,720 ATTACHD 8/23/2009
4505 WILDWOOD ST $369,900 3 2 1,720 DETACHD 8/17/2009
18238 TERRY AVE $415,000 3 2.1 1,604 DETACHD 8/23/2009
31 BECKET ST $429,800 3 2.1 2,365 DETACHD 8/21/2009
3560 TEMPEST DR $449,900 3 2.1 2,847 DETACHD 8/21/2009
1820 KILKENNY DR $588,000 4 3 3,040 DETACHD 8/23/2009
18125 WESTMINSTER DR $759,000 4 3.1 3,969 DETACHD 8/18/2009
4190 CHAD DR $929,000 4 3.1 3,876 DETACHD 8/19/2009
18143 SIENA DR $1,197,000 5 4.1 4,152 DETACHD 8/17/2009

PENDING SALES (August 17 -August 23, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
Address List Price # Beds # Baths Total SF Prop Type List Date CDOM
188 OSWEGO SMT $187,500 2 2 1,383 CONDO 7/23/2009 62
4749 FIRWOOD RD $229,900 3 1.1 1,440 DETACHD 8/4/2009 13
6137 CHILDS RD $240,000 3 1 946 DETACHD 8/7/2009 10
10 CONDOLEA DR $250,000 2 2 1,312 ATTACHD 6/25/2009 371
17100 BRYANT RD $287,900 3 3 2,032 DETACHD 7/31/2009 18
4722 HASTINGS PL $489,900 4 2.1 2,151 DETACHD 8/14/2009 505
6110 CHILDS RD $499,000 4 3 3,258 DETACHD 4/1/2009 138
301 IRON MOUNTAIN BLVD $999,000 4 3.2 3,004 DETACHD 4/14/2009 125
100 GARIBALDI ST $999,900 5 3.2 4,669 DETACHD 7/1/2009 334
128 NORTHSHORE CIR $1,479,000 3 3.1 3,550 DETACHD 5/16/2009 764

SOLD (August 17-August 23, 2009)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
Address O/Price Sale Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE DR $141,750 $133,500 3 2.1 1,351 CONDO 170
86 KINGSGATE RD $149,900 $135,000 2 2 849 CONDO 64
4 TOUCHSTONE DR $153,900 $155,900 3 2.1 1,350 CONDO 121
276 CERVANTES $183,000 $174,000 3 2 1,209 CONDO 27
12822 BOONES FERRY RD $234,900 $217,500 2 2.1 1,136 CONDO 25
1140 HALLINAN CT $339,895 $329,950 3 2 1,875 DETACHD 127
11 CELLINI CT $599,950 $565,000 5 3 3,392 DETACHD 76
5709 CHARLES CIR $593,500 $587,500 4 2.1 3,060 DETACHD 9
706 MCVEY AVE $949,000 $780,000 3 2 2,000 DETACHD 391
17251 CEDAR RD $899,900 $850,000 3 3.1 3,175 DETACHD 637
17814 MARYLCREEK DR $985,000 $850,000 4 3.1 4,307 DETACHD 56
950 OAK TER $1,220,000 $947,500 4 2.1 3,714 DETACHD 595
2625 SUMMIT DR $1,337,500 $1,079,975 4 3.1 4,212 DETACHD 72
17334 BERGIS FARM DR $1,737,000 $1,200,000 5 4.1 5,654 DETACHD 335
2500 GLEN EAGLES RD $2,275,000 $2,025,000 5 4.1 5,565 DETACHD 431

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 ~ Sunday, August 23, 2009

There are 22 great properties being held Open on Sunday according to RMLS. Enjoy your tour of homes & feel free to call Dianne or myself if you need a little help! Here you go:

Address L/Price Bdrms Total Bath Total SF Open
343 5TH ST $279,999 2 1 910 1-3 PM
16573 BONAIRE AVE $284,900 4 2 1560 1-4 PM
16443 LAKE FOREST BLVD $345,000 3 2 1474 1-3 PM
2161 CREST DR $417,500 4 2.1 2648 11:45-2:30 PM
17221 ROBB PL $427,500 3 2 1812 1-4 PM
138 KINGSGATE RD $435,000 3 2.1 1600 12 -2 PM
5644 WINDFIELD LOOP $450,000 3 3 1800 1-3 PM
3254 DUNCAN DR $509,900 4 3.1 3997 2-4 PM
4908 MULHOLLAND DR $549,900 3 2.1 2498 1-3 PM
4691 CHELSEA LN $564,900 4 2.1 3102 1-3 PM
3030 WESTVIEW CT $849,000 4 2.1 3415 1:30-3:30 PM
2300 SW CHILDS RD $899,000 4 2 3183 1-3 PM
14480 KRUSE OAKS BLVD $995,000 4 3.1 4661 2-4 PM
1225 LAKE GARDEN CT $995,000 4 3.2 3558 1-3 PM
18246 BELLA TERRA DR $1,294,000 4 3.1 4052 1-4 PM
17464 RIDGEVIEW LN $1,298,950 4 3.1 4407 2-4 PM
622 OAK MEADOW DR $1,325,000 4 3.1 4171 2-4 PM
664 OAK MEADOW DR $1,355,000 4 3.1 4198 2-4 PM
18110 Siena DR $1,394,000 4 3.1 4311 1-4 PM
657 OAK MEADOW DR. $1,395,000 4 3.1 4371 2-4 PM
17364 RIDGEVIEW CT $1,425,000 4 3.1 4436 2-4 PM
17433 RIDGEVIEW LN $1,495,000 4 4.1 4704 2-4 PM
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Summer Real Estate Tidbits

  • DucksAccording to the latest Market Action Report for the Portland area “Closed sales in the Portland metro area for July 2009 eclipsed last July’s total by 8.6%, marking the first time same-month closed sales have increased since April 2007.  Pending sales also grew 8.3%.  New listings dropped 25.4% .  Comparing July 2009 with June 2009, closed sales increased 11.9% (1,988 v. 1,776) and pending sales were up a slight 0.3% (2,170 v. 2,164). New listings fell 8.2% (3,907 v. 4,257).”
  • RMLS now offers a “Short Sale” search field for Agents to search using this criteria.  It seems as though Agents are slow to be updating their listings to reflect this, but once all records are updated, this should be a helpful tool.
  • Amtrak may soon be cruising through Lake Oswego if feasibility and other studies yield positive results. The opportunity has come about as a direct result of avaiable funds from the 2009 American Recovery and Reinvestment Act, which has earmarked $8 billion for high-speed rail.  It appears that going this route would be less expensive than repairing the line AMTRAK is currently using, which takes it through Oregon City.  The benefits also reportedly include projected increased ridership, increased timliness, and reduced carbon emissions. This change would replace the Oregon City stop with one in Tualatin.  ODOT has decided to apply for the funds to do a 2-year Environmental Impact Study.
  • The NW Natural 2009 Street of Dreams is underway, running from August 1 – 30.  This year is a little different than most in that it showcases four premier condo home developments in Portland’s “Pearl District”, including nine incredible penthouses ranging in price ffrom $1 to $2.5 million.  This year also focuses on LEED standard and eco-friendly building.  Check it out and buy your tickets at: http://www.streetofdreamspdx.com/home/home.php
  • Lake Oswego is in the middle of discussions with citizens regarding proposed “Sensitive Lands” changes.  To learn more about sensitive lands & view an FAQ page on this subject, visit: http://www.ci.oswego.or.us/plan/Nature/FAQ_Handout_080609.pdf Opinions run the gamut and there is currently lively debate on all sides.
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Market Activity for August 10-16, 2009

Last week brought 11 new listings to Lake Oswego, 12 Pending sales, and 12 closed sales. Interesting to me was that all of the new listings are around 500k or less. That is the price range that is selling best. There is a very direct impact, in my opinion, on the sales activity that has been created by the First-time Homebuyer Tax Credit that is part the Federal Government’s stimulus package. No, I don’t think a first-time buyer will be buying a $500,000 house. But I do think the houses that are $350,000 or less will be in large part purchased by first-time buyers. And the homeowners who sell those will either buy again or choose to rent. So there may be some push up to the homes priced just up from the $350,000 range. The tax credit requires that buyers close on their purchase by the end of November. So for this week’s new listings, I would think that they are well positioned for a quick sale if they a in nice condition and priced correctly.

Having said all of that about last week’s new listings, I also make note of the sale at 890 Lakeshore: $2,275,000 and it sold in just 13 days, for full price.

(see below the tables for additional notes):

NEWLY LISTED (August 10—August 16, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
Address List Price # BR # BTHS Total SF Prop Type List Date
4 TOUCHSTONE $179,500 2 2 984 CONDO 8/13/2009
5354 LOWER DR $309,000 3 1 1,565 DETACHD 8/10/2009
406 8th ST $365,000 3 1.1 2,437 DETACHD 8/13/2009
16240 PARKER RD $374,700 3 2 1,454 DETACHD 8/15/2009
18922 REDWING WAY $379,900 4 2 2,076 DETACHD 8/12/2009
15580 PARTRIDGE DR $398,000 4 2.1 2,245 DETACHD 8/13/2009
31 DA VINCI ST $424,900 4 2.1 2,232 DETACHD 8/13/2009
17221 ROBB PL $427,500 3 2 1,812 DETACHD 8/13/2009
138 KINGSGATE RD 435000 3 2.1 1,600 DETACHD 8/12/2009
17886 TUALATA AVE 468500 4 2 1,994 DETACHD 8/10/2009
939 SUNNY HILL DR 515000 4 2.1 3,254 DETACHD 8/15/2009

PENDING SALES (August 10-August 16, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
Address List Price # BR # BTHS Total SF Prop Type CDOM
14431 SHERBROOK PL $249,900 4 3 2,605 DETACHD 254
17928 ROYAL CT $269,900 3 2 1,272 DETACHD 111
5 PEACOCK PL $299,950 4 2.1 1,760 DETACHD 135
4 WHEATHERSTONE $334,950 3 2.1 1,692 CONDO 86
16695 GLENWOOD CT $449,000 4 3 3,104 DETACHD 336
3355 UPPER DR $470,000 4 2 3,205 DETACHD 23
2981 VALE CT $475,000 5 2.1 3,516 DETACHD 436
14121 GABRIELLE CT $609,000 4 2.1 3,006 DETACHD 55
5501 RACHEL LN 679900 4 2.2 3,509 DETACHD 623
5831 SUNCREEK DR 685000 4 2.1 2,733 DETACHD 27
18051 KELOK RD 799000 5 3.1 3,670 DETACHD 401
1149 LAKESHORE RD 1150000 4 2.1 2,660 DETACHD 143

SOLD (August 10-August 16, 2009)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
Address O/Price Close Price # BR # BTHS Total SF Prop Type CDOM
82 OSWEGO SMT $220,000 $210,000 2 2 1,212 CONDO 82
16501 LAKE FOREST BLVD $319,900 $299,900 3 1 1,429 DETACHD 52
5214 LOWER DR $659,000 $356,000 4 2.1 2,904 DETACHD 547
12537 27TH PL $369,000 $369,500 4 2.1 2,375 DETACHD 12
1462 Worthington ST $424,000 $395,000 4 3 1,800 DETACHD 108
17144 Warren CT $585,000 $500,000 4 2.1 2,725 DETACHD 335
2161 HILLSIDE CT $699,900 $519,900 4 3 3,347 DETACHD 357
645 COUNTRY CLUB RD $975,000 $750,000 4 2.1 3,262 DETACHD 570
17259 LOWENBERG TER $999,900 770000 4 2.1 2,955 DETACHD 662
943 SW ATWATER RD $1,435,000 930000 4 2.1 3,874 DETACHD 331
3155 DOUGLAS CIR $1,379,000 965000 5 3.2 4,517 DETACHD 385
890 LAKESHORE RD 2275000 2275000 3 3.1 3,200 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.