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Say What?

SEERMKS

Recently, one of my clients voiced exasperation regarding abbreviations on the MLS. She wondered if I might change them so that others looking at her property online would not be as confused as she was. I explained that as much as I might like to do that for her, these abbreviations are mostly generated automatically by the system, and not under my control as a Realtor.

This got me to thinking… Those of us in “the business” get used to seeing these abbreviations, and though occasionally one comes up with which we are unfamiliar, we are acclimated to most of them. I am sure that many people searching for properties would benefit from a resource to assist in this regard. Until that time comes, I thought I’d offer a list of some of the more interesting ones. A few of these may only show up on Realtor-accessible information, but most can pop up for you when you’re searching and cause you to see stars… or question marks:

ACC-ACT According to Accountant

ACC-OWN According to Owner

ACT-SOL Active Solar Heat

ALY Alley

APOD Annual Property Operation Data

BI-DOVN Built-In Double Oven

BINLITE Built-In Lighting

CC&RS Conditions, Covenants & Restrictions

DEEDRES Deed Restrictions

ENG-RPT Engineering Structural Reports

EXTMANT Exterior Maintenance

FEASIBL Feasibility Study

FRM/FOR Farm/Forest

FRT-ELE Freight Elevator

GA+500’ Natural Gas over 500’ From Site

INVN Inventory Included

IRR-WAT Irrigation Water Available

I-STORG Inside Storage

JOINT-V Owner Would Consider Joint Venture

L Lower Level

LEGDESC Legal Description

LIM-ACC Limited Access

LSE-BAK Owner Occupied Will Lease Back

LSE-ESC Lease With Escalation

LSSECUR Leased Security System

M Main Level

MANTREC Maintenance Records Available

MINI-ST Mini Storage

MINRTRS Mineral Rights Reservations

MINSTEP Minimal Steps

MO HOA Dues Frequency Every Month

MRCHTIM Merchantable Timber

NATLITE Natural Lighting

NEGO Possession Negotiable

NONCONF Non-Conforming Use

NO-VALU Existing Structure of No Value

OPR-EXP Operating Expense Report

OWSECUR Owned Security System

PAS-SOL Passive Solar/Passive Solar Heat

PASTACC Past Accessibility

PDS Pressure Distribution System

PLB-ICE Plumbed For Ice

PW+500’ Power Over 500’ From Site

RDSPLIT Road Splits Property

REQFILL Requires Land Fill

ROD+1 Recording of Deed + 1 Day

ROLLSHR Roll in Shower

ROWCRP Row Crop

RPROTIM Reproduced Timber

SEERMKS See Remarks

SEPLVQT Apartment or Auxiliary Living Unit

SGI State GI Loan

SH-SEP Shared Septic

SOILRPT Soil Report Required

SPT-APP Septic Site Approved

SPT-CT Sport Court

SUB-INS Subject To Inspection

SUBJTEN Subject To Tenancy

SW+500’ Sewer Over 500’ From Site

SWR-AVL Sewer Available at Property Line

TAN-BDS Tanning Beds

TEST-AV Soil Test Available

TEST-RQ Soil Test Required

TIMB-CR Timber Cruise

U Upper Level

UG-UTIL Underground Utilities

W/D-HUP Washer/Dryer Hookup

WA+500’ Public Water Over 500’ From Site

WALKSHR Walk-In Shower

WD-DOOR Wide Door

WT-CERT Water Rights Certification

WT-RM Weight Room

WT-USEP Water Use Permit

XASTFAN Exhaust Fan

YR HOA Dues Frequency Every Year

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Lake Oswego Real Estate Market Activity – September 8-14, 2008

Jantzen Island on Lake OswegoThe past week featured just a handful of closed sales, but a healthy number of homes went sale pending.

Perhaps the most notable news is the appearance of a, yes it’s not a typo, $19,500,000 listing off Northshore Blvd. It’s actually a private island, the 1930 Jantzen Island estate, with 6 tax lots, 5 and a half acres, and over 13,000 sq. ft. living space between the main house and the guest house.

In addition to the mortgage, you will also need to come up with $97,000 per year in property taxes. Plug THAT into your Quicken budget…

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

NEWLY LISTED (September 8-14, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
4644 LOWER DR
$136,900
2
1.1
1,170
CONDO
9/10
45 EAGLE CREST DR
$139,900
1
1
600
CONDO
9/9
16651 LAKE FOREST BLVD
$237,700
3
1
1,230
DETACHD
9/11
1685 MAPLELEAF RD
$378,000
3
2
1,433
DETACHD
9/10
5254 TIMBERGROVE ST
$399,500
4
2
1,854
DETACHD
9/11
918 LAKE FRONT RD
$424,999
2
1
921
DETACHD
9/8
7210 CHILDS RD
$429,000
3
2
1,542
DETACHD
9/7
1650 FIRCREST DR
$439,000
4
3
2,268
DETACHD
9/11
5324 LOWER DR
$449,900
3
2.1
2,034
DETACHD
9/10
1630 WOODLAND TER
$479,900
4
2
2,755
DETACHD
9/11
4191 CHAPMAN WAY
$487,500
4
2.1
2,610
DETACHD
9/11
438 ASH ST
$499,000
4
3
1,871
DETACHD
9/10
13242 VERMEER DR
$535,000
3
2.1
2,100
DETACHD
9/11
1413 OAK ST
$548,500
3
3
2,424
DETACHD
9/10
1545 CLOVERLEAF RD
$568,840
4
3.1
2,723
DETACHD
9/7
16695 GLENWOOD CT
$595,000
4
3
3,104
DETACHD
9/9
17443 SCHALIT WAY
$599,950
5
4
3,525
DETACHD
9/8
7190 CHILDS RD
$625,000
3
3
2,316
DETACHD
9/7
625 4TH ST
$679,000
4
2
1,700
DETACHD
9/10
18020 JENIFERS WAY
$699,000
4
2.1
2,600
DETACHD
9/7
19524 RIVER RUN DR
$715,000
4
2.1
2,630
DETACHD
9/10
49 BRIARWOOD RD
$860,000
3
2
2,182
DETACHD
9/9
2886 UPPER DR
$899,900
3
3
2,674
DETACHD
9/13
4103 CASEY CT
$969,900
4
3.1
3,507
DETACHD
9/9
5525 RACHEL LN
$975,000
4
2.1
3,200
DETACHD
9/7
17997 BRAEDEN CT
$989,000
4
2.1
3,300
DETACHD
9/7
5513 RACHEL LN
$989,000
4
2.1
3,149
DETACHD
9/7
3140 DOUGLAS CIR
$1,429,900
4
3.1
4,310
DETACHD
9/13
1850 NORTHSHORE RD
$19,500,000
5
6.2
13,500
DETACHD
9/7

PENDING SALES (September 8-14, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
200 BURNHAM RD
$268,850
2
2
1,328
CONDO
355
82 GREENRIDGE CT
$269,900
3
2.1
2,868
ATTACHD
63
39 ORIOLE LN
$299,900
2
1.1
1,310
DETACHD
206
1764 CONIFER DR
$319,000
3
1
1,200
DETACHD
82
100 LEONARD ST
$350,000
2
2
1,320
CONDO
128
14300 CAMDEN LN
$480,000
4
2.1
2,346
DETACHD
162
5475 Willow Court
$495,000
3
2.1
2,438
ATTACHD
17577 BLUE HERON CT
$539,000
5
3
2,980
DETACHD
132
2435 PARK RD
$564,900
4
3
2,940
DETACHD
261
4102 CHAD DR
$673,850
4
2.1
3,054
DETACHD
103
569 7TH ST
$674,900
5
4
3,186
DETACHD
466
14027 CHELSEA DR
$699,000
4
2.1
3,092
DETACHD
301
1420 MORNING SKY CT
$929,000
4
3.1
3,578
DETACHD
50
14381 FOSBERG RD
$1,199,000
4
3.1
4,900
DETACHD
46
16852 ALDER CIR
$1,950,000
4
3.1
2,873
DETACHD
11

SOLD (September 1-7, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
915 OAK TER
$395,000
$350,000
3
1
1,082
DETACHD
18
2955 WEMBLEY PARK RD
$499,000
$385,000
4
2
2,620
DETACHD
140
1511 WOODLAND TER
$735,000
$435,000
5
2.1
3,439
DETACHD
744
14167 TAYLORS CREST LN
$767,500
$600,000
3
2.1
3,675
DETACHD
335
144 MIDDLECREST RD
$1,495,000
$792,450
3
2.1
4,392
DETACHD
512

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.

If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.

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Bridgeport Village

OK, technically Bridgeport Village is not in Lake Oswego. It is just across the city boundary line in Tigard. But it is one of the great features of living in Lake Oswego. Built in 2006, Bridgeport Village is a lifestyle mall. It is designed to be walked in and enjoyed like a small town. There is plentiful artwork, light displays at night, and a playground in the center.

You will love shopping at Bridgeport Village. There are 24 shops that sell women’s apparel and 13 that sell mens. Some of my favorites include Anthropology, Chico’s, and Coldwater Creek. There are 13 stores that sell home furnishings including Crate and Barrel’s first store in Oregon.

For entertainment there is the Regal Cinemas Bridgeport Village Stadium which has 18 screens plus IMAX. In addition there are 11 restaurants and 4 cafes, making dinner and a movie both convenient and fun. Some of the better known restaurants are California Pizza Kitchen, McCormick and Schmicks Grill, PF Changs, Pastini Pastaria, and Sinju.

The shopping and dining experience at Bridgeport Village is a treat to be enjoyed. From the fresh Italian Gilati on a hot summer’s day to the snow fall that is guaranteed to be happening at Christmas. And it is so close to Lake Oswego that, well, it had might as well be in Lake Oswego.

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Lake Oswego Real Estate Market Results – September 1-7, 2008

Late summer real estate activity has picked up in Lake Oswego with 25 closed or pending sales in the past week. However, 42 new or relisted properties arrived on the scene to take their place.

As of September 8, over 750 Lake Oswego homes and condos are for sale in the multiple listing service.

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

NEWLY LISTED (September 1-7, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
4000 CARMAN DR
$144,000
1
1
767
CONDO
9/5
4 CERVANTES CIR
$157,500
2
1.1
912
CONDO
9/4
62 CERVANTES CIR
$158,900
2
1.1
912
CONDO
9/2
1602 BONNIEBRAE DR
$240,000
2
1
864
ATTACHD
9/5
5057 FOOTHILLS DR
$292,700
3
2
1,252
CONDO
9/2
15 BRITTEN CT
$297,500
3
2.1
1,973
ATTACHD
9/3
1400 PARRISH ST
$299,999
3
2.1
1,880
CONDO
9/1
16584 ROOSEVELT AVE
$317,000
2
1
1,188
DETACHD
9/5
12866 BOONES FERRY RD
$339,900
2
2.1
1,136
ATTACHD
9/2
705 ELLIS AVE
$450,000
3
2.1
1,872
DETACHD
9/6
1043 HALLINAN ST
$479,900
4
2.1
2,484
DETACHD
9/3
16750 PHANTOM BLUFF CT
$485,000
3
3
2,267
DETACHD
9/1
107 3RD ST
$495,000
3
2
1,204
CONDO
9/2
13340 AUBURN CT
$495,000
3
2.1
2,451
ATTACHD
9/5
126 CONDOLEA DR
$499,000
3
3
2,664
CONDO
9/5
2084 RIDGEWOOD RD
$580,000
3
2.1
2,117
DETACHD
9/3
625 CLARA CT
$587,500
4
2.1
2,532
DETACHD
9/4
5947 MEADOWCREEK CT
$589,000
4
2.1
2,485
DETACHD
9/5
5492 YORKSHIRE PL
$599,999
3
2.1
2,515
DETACHD
9/5
14412 MEADOW GRASS ST
$600,000
4
2.1
3,563
DETACHD
9/5
624 LIVINGOOD LN
$619,900
4
3
2,596
DETACHD
9/5
125 3RD ST
$637,500
2
2
1,447
CONDO
9/1
14232 MEADOW GRASS ST
$639,950
4
3
2,965
DETACHD
9/6
3140 ROSEMARY LN
$649,900
3
2.1
3,000
DETACHD
9/1
6351 BURMA RD
$649,900
2
1
2,016
DETACHD
9/5
606 2ND ST
$650,000
4
3
3,022
DETACHD
9/1
5580 KILCHURN AVE
$699,000
4
2.1
2,286
DETACHD
9/4
364 NORTHSHORE RD
$724,900
2
2
2,220
DETACHD
9/7
30 WILBUR ST
$725,000
2
2.1
2,664
ATTACHD
9/4
15725 TARA PL
$749,000
3
2.1
3,331
DETACHD
9/6
114 3RD ST
$750,000
2
1
1,140
DETACHD
9/3
13719 ROGERS RD
$839,000
4
2.1
3,204
DETACHD
9/5
1864 CAMPUS WAY
$849,900
5
4
4,142
DETACHD
9/5
5501 RACHEL LN
$857,000
4
2.2
3,509
DETACHD
9/6
1100 UPPER DEVON LN
$885,000
2
3.1
3,672
DETACHD
9/5
17642 UPPER CHERRY LN
$1,399,000
3
3.1
4,296
DETACHD
9/2
17337 BERGIS FARM DR
$1,635,000
4
3.2
4,810
DETACHD
9/6
1968 GLENMORRIE LN
$1,895,000
5
4.1
4,968
DETACHD
9/4
16852 ALDER CIR
$1,950,000
4
3.1
2,873
DETACHD
9/1
2707 SOUTHSHORE BLVD
$1,989,000
3
3.1
3,200
DETACHD
9/5
13200 THOMA RD
$2,395,000
5
5.2
7,648
DETACHD
9/2
243 10TH ST
$2,495,000
5
4.2
5,644
DETACHD
9/5
2098 CREST DR
$5,900,000
5
5.1
7,847
DETACHD
9/2

PENDING SALES (September 1- 7, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
609 Ash ST
$349,900
4
2
2,192
DETACHD
205
5413 LANGFORD LN
$724,950
3
2.1
2,891
DETACHD
520
18281 WOOD THRUSH CIR
$448,500
4
2.1
2,296
DETACHD
102
1123 ERICKSON ST
$499,000
4
3
2,893
DETACHD
166
86 KINGSGATE RD
$169,000
2
2
924
CONDO
60
13268 DEERFIELD CT
$669,900
4
2.1
2,895
DETACHD
49
5207 ROSEWOOD ST
$374,500
3
2
1,438
DETACHD
119
13300 FOX RUN
$700,000
4
2.1
2,954
DETACHD
38
4729 CAMBRIDGE CT
$559,900
2
2.1
3,056
ATTACHD
140
5647 BAY CREEK DR
$665,000
5
2.1
3,000
DETACHD
15
5853 SOUTHWOOD DR
$649,900
5
2.1
3,707
DETACHD
314

SOLD (August 25 – 31, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
7200 MONTAUK CIR
$149,900
$145,000
2
1
968
CONDO
30
86 KINGSGATE RD
$159,900
$146,000
2
2
849
CONDO
65
47 EAGLE CREST DR
$149,900
$149,900
2
1
932
CONDO
37
48 EAGLE CREST DR
$324,900
$220,000
2
2
1,495
CONDO
199
750 1ST ST
$239,000
$225,000
2
2
1,350
CONDO
85
18341 SW FERNBROOK CT
$488,000
$342,000
4
2
1,872
DETACHD
457
441 9TH ST
$499,900
$430,000
3
2
2,408
DETACHD
108
1338 LAUREL ST
$588,800
$530,000
3
2.1
2,212
DETACHD
42
557 MIDDLECREST RD
$599,900
$549,900
2
1.1
1,521
DETACHD
113
5017 HARTFORD PL
$699,000
$655,000
3
3.1
3,259
DETACHD
49
544 9TH ST
$699,000
$699,000
3
3
2,088
DETACHD
2
18036 SKYLAND CIR
$925,000
$754,000
3
2.1
3,000
DETACHD
142
17538 BROOKHURST DR
$1,450,000
$1,475,000
4
5.1
5,451
DETACHD
132
1673 CHERRY LN
$2,350,000
$1,995,000
4
4.3
5,732
DETACHD
126

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.

If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.

Posted on

Featured Home – 4447 Golden Lane

This week, we’re pleased to highlight a new listing in Lake Oswego’s Mountain Park neighborhood.

There are certainly great deals to be found in the current real estate inventory, and this new listing is one of them.

Located in Mt. Park, this townhouse is an end unit with expansive, South-facing windows.  The outlook is to trees and landscaping and it is surprisingly private.  The walls of windows flood the interior with light so that the entire house is bright and pleasant.

Recent updates include new granite counters, laminate floors and carpeting.

There are 2 large bedrooms with vaulted ceilings.  The master has a walk-in closet and a full bath.  The second bedroom has a loft that could be used as additional living area.  There is a 2-car garage, a large storage closet, and an indoor utility room.  You will have plenty of space for your hobbies and your collections.  The house also has central air to keep you cool on those hot summer days.  There are 2 1/2 bathrooms.  The main living area is a greatroom with a large dining area and kitchen that are all open to the living room.

Mt. Park is a fabulous planned community with 15 miles of walking paths, a large rec center with weight rooms and sauna, tennis courts, and great community activities.  It is conveniently located with easy access to both Interstate 5 and Highway 217.

The townhouse will be held open on September 7th, 2008 from 2pm to 5pm.  Please come by and see this great property.

4447 Golden Lane., Lake Oswego, OR 97035
ML# 8079838 | Map
2 bedrooms, 2-1/2 bathrooms, 1,616 sq. ft.
Listed at $284,900

For more information or to schedule a showing, please contact us with an email.

Listing courtesy of Dianne Gregoire at Advanced Real Estate Services.

Posted on

Lake Oswego Real Estate Activity – August 25-31, 2008

Late August results for the Lake Oswego real estate market show a spark of market activity with 19 homes sale pending or closed in the past two weeks. We are seeing some significant discounting on some properties, highlighting a “buyer’s market” characteristic.

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

NEWLY LISTED (August 25 – 31, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
4 TOUCHSTONE
$109,900
2
2
984
CONDO
8/24
5831 SEVILLE AVE
$199,900
2
1
1,320
DETACHD
8/24
52 GALEN ST
$209,900
2
2
995
CONDO
8/26
16790 LAKE FOREST BLVD
$275,000
2
1
780
DETACHD
8/26
14401 SHERBROOK PL
$389,500
3
2.1
1,828
DETACHD
8/24
6291 SW HARRINGTON AVE
$399,900
3
2
1,472
DETACHD
8/25
1695 MEADOWS DR
$407,500
4
3
2,185
ATTACHD
8/26
1509 HEMLOCK ST
$419,000
4
3
2,310
DETACHD
8/28
14588 WILMOT WAY
$429,900
5
3
2,238
DETACHD
8/27
4760 LOWER DR
$435,000
3
3
3,252
DETACHD
8/27
5228 COVENTRY CT
$480,000
4
2.1
2,382
DETACHD
8/24
5474 BAY CREEK DR
$549,000
3
2.1
2,322
DETACHD
8/26
3721 TEMPEST DR
$549,900
3
2.1
2,572
DETACHD
8/30
17 CELLINI CT
$595,000
5
3.1
3,113
DETACHD
8/26
56 SPINOSA
$599,000
4
3.1
3,808
DETACHD
8/24
16373 BONAIRE AVE
$649,000
3
2.1
2,400
DETACHD
8/25
805 COUNTRY CLUB RD
$649,900
2
2
2,722
DETACHD
8/25
4676 WINTHROP CT
$649,900
4
2.1
3,112
DETACHD
8/27
569 7TH ST
$699,900
2
4
3,186
DETACHD
8/26
24 INDEPENDENCE AVE
$714,900
6
3.1
3,676
DETACHD
8/26
17890 KELOK RD
$749,000
4
2.1
3,023
DETACHD
8/28
15422 BOONES WAY
$879,000
4
2.1
2,694
ATTACHD
8/29
1272 SW ZIVNEY LN
$942,000
5
3
2,658
DETACHD
8/24
17649 WOODHURST PL
$1,275,000
5
4.1
5,793
DETACHD
8/25

PENDING SALES (August 25 – 31, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
4821 SW MADRONA ST
$130,000
1
1
360
DETACHD
71
44 EAGLE CREST DR
$154,900
2
1
908
CONDO
28
3101 MCNARY PKWY
$264,700
3
2.1
1,992
CONDO
408
819 BOCA RATAN DR
$299,900
3
3
3,282
DETACHD
270
1000 UPPER DEVON LN
$329,900
3
2.1
2,872
DETACHD
19
2955 WEMBLEY PARK RD
$448,000
4
2
2,620
DETACHD
140
5677 GRAND OAKS DR
$629,900
4
2.1
3,074
DETACHD
77
4256 LAKEVIEW BLVD
$995,000
3
3.1
3,117
DETACHD
436
17257 BRYANT RD
$1,169,900
5
3.2
4,789
DETACHD
381
2200 PRESTWICK RD
$1,200,000
4
2.2
3,356
DETACHD
133
1175 LAKE SHORE RD
$1,579,000
3
3.1
2,878
DETACHD
124

SOLD (August 18 – 24, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
1528 CEDAR ST
$429,900
$328,000
3
1.1
2,015
DETACHD
184
791 2ND ST
$450,000
$350,000
2
1
1,032
DETACHD
148
16121 SW KIMBALL AVE
$399,900
$355,000
3
2
1,596
DETACHD
76
4284 WEST BAY RD
$439,900
$400,000
3
2
1,539
DETACHD
62
1210 WELLS ST
$450,000
$455,000
5
3.1
4,494
DETACHD
16
310 DURHAM ST
$549,000
$505,000
3
2.1
1,940
ATTACHD
30
14062 CHELSEA DR
$729,000
$650,000
4
2.1
2,974
DETACHD
68
18263 ANDUIN TER
$795,000
$700,000
4
2.1
3,103
DETACHD
359

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.

If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.

Posted on

Least and Most Expensive

Back in March I wrote a post about affordable homes in Lake Oswego. My definition of affordable were homes priced under $350,000. At the time, March 28, 2008, there were 20 houses for sale in Lake Oswego priced at $350,000 or less. I compared that number to houses in Sellwood, a close-in neighborhood in Southeast Portlnad, where at the same time there were 18 houses priced $350,000 or less. What is going on today? How has the changing market affected the availability of affordable houses?

As of today, August 25, 2008, there are 28 houses in Lake Oswego priced at $350,000 or less. These are detached homes: not condos or attached townhouses. The least expensive house for sale right now in Lake Oswego is a 2 bedroom, 1 bath house with 1320 square feet in Lake Grove priced at $199,900. And how about Sellwood? As of today there are 32 houses for sale in Sellwood priced at $350,000 or less. The least expensive house for sale in Sellwood is a 1 bedroom, 1 bath house with 831 square feet for $175,000. So while there are more available in Sellwood, the difference in available, affordable housing is just 4 houses. This situation continues to reinforce my belief that Lake Oswego is a viable location for a buyer looking for affordable housing.

In the course of doing this research I found a couple of houses currently for sale in Lake Oswego that stand out as total bargains. There is a house in Rivergrove that backs up to the playground at Rivergrove Elementary School that has 1744 square feet, 5 bedrooms and 2.5 baths for $297,400. There is also a good deal up by Hallinan Elementary School that is 1500 square feet with 3 bedrooms and 2 baths for $289,000.

How about the other extreme? What is happening in the million dollar price range? There are currently 25 houses for sale in Lake Oswego that are priced at over $2,000,000. The most expensive is the same house that was the most expensive the last time I did this little comparison back in March. It’s on Oswego Lake with 5800 square feet, 4 bedrooms, 5.5 baths, and priced, still, at $7,500,000. Are these high-end homes selling? In the last 6 months just 3 homes have sold that were priced over $2,000,000. It makes me think that the other 25 that are currently for sale are going to be on the market for awhile.

Finally, there is a phenomenon I have been watching, and that is the spec homes that are currently for sale priced over $1,000,000. A spec home is a house that is built by a builder before there is a buyer. The builder is “speculating” on a future sale. Lots of money has been made by local builders in Lake Oswego in the last few years. As you drive through town you see lots and lots of new homes and homes under construction. How is the current market affecting these builders? As of today, August 25, 2008, there are 48 new homes for sale that are priced between $1,000,000 and $6, 300,000. And in the last 6 months there were 7 closed sales and 3 pending sales within this inventory. So it’s slow.

I find it all very interesting. With the slow market, I think there are some tremendous deals to be found. And I remain convinced that Lake Oswego is a viable option for a buyer looking for an affordable home.

Posted on

Lake Oswego Real Estate Market Activity – August 18-24, 2008

The pace of sales appears to be tailing off over the past few weeks, a normal occurrence as the summer winds down. Interestingly, some of the steep price discounts we’ve seen over the past several weeks are minimal this week.

A quick note about New Listings: For now, we will be unable to link you to the property details on the areshome.com site as we have in past weeks. We are looking for a suitable solution to link you to the listing details and hope to resume that feature soon.

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

NEWLY LISTED (August 18 – 24, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
7202 MONTAUK CIR
$124,900
2
1
968
CONDO
8/19
45 EAGLE CREST DR
$171,111
2
2
1,046
CONDO
8/18
245 CERVANTES
$187,000
2
2
1,292
ATTACHD
8/18
5059 FOOTHILLS DR
$279,000
2
2
1,031
CONDO
8/17
39 ORIOLE LN
$299,900
2
1.1
1,310
DETACHD
8/18
18307 LONGFELLOW AVE
$359,900
3
2
1,457
DETACHD
8/22
15256 BOONES WAY
$369,900
2
2.1
1,600
ATTACHD
8/21
4980 GALEN ST
$378,500
2
2.1
1,552
ATTACHD
8/17
4664 SW FIRWOOD RD
$399,000
3
2
1,640
DETACHD
8/19
7050 CHILDS RD
$429,000
2
2
1,693
DETACHD
8/22
4984 BILFORD LN
$450,000
3
2.1
1,963
DETACHD
8/17
1830 SW CLOVERLEAF RD
$495,500
5
2
1,795
DETACHD
8/17
960 9TH ST
$499,900
3
1
1,429
DETACHD
8/17
252 NORTHSHORE RD
$499,900
3
1
1,440
DETACHD
8/19
111 3RD ST
$499,900
2
2
1,206
CONDO
8/20
855 7TH ST
$499,999
4
1
1,392
DETACHD
8/17
16919 LAKERIDGE DR
$509,000
4
3
2,710
DETACHD
8/18
2360 GREENTREE RD
$559,995
3
2.1
2,207
DETACHD
8/18
17445 LAKE HAVEN DR
$579,900
4
3
2,949
DETACHD
8/19
3368 SOUTHSHORE BLVD
$615,000
5
2
2,160
DETACHD
8/21
2981 VALE CT
$639,000
4
2.1
3,516
DETACHD
8/22
5853 SOUTHWOOD DR
$649,900
5
2.1
3,707
DETACHD
8/18
5647 BAY CREEK DR
$665,000
5
2.1
3,000
DETACHD
8/17
1708 OAK ST
$799,000
4
2.1
3,450
DETACHD
8/19
524 WEIDMAN CT
$799,000
4
2.1
3,449
DETACHD
8/20
4118 GLACIER LILY ST
$799,990
4
3.1
4,452
DETACHD
8/20
13719 ROGERS RD
$849,000
4
2.1
3,204
DETACHD
8/17
426 7TH ST
$925,000
4
2.1
2,902
DETACHD
8/22
4378 ALBERT CIR
$995,000
3
3
3,735
DETACHD
8/20
17878 HILLSIDE DR
$995,000
5
3
3,462
DETACHD
8/17
4256 LAKEVIEW BLVD
$995,000
3
3.1
3,117
DETACHD
8/19
163 IRON MOUNTAIN BLVD
$998,000
3
1.1
1,968
DETACHD
8/20
4349 LAKEVIEW BLVD
$998,000
4
3
3,678
DETACHD
8/18
17257 BRYANT RD
$1,169,900
5
3.2
4,789
DETACHD
8/18

PENDING SALES (August 18 – 24, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
820 BOCA RATAN DR
$326,900
3
3.1
2,220
DETACHD
10
14480 CAMDEN LN
$499,500
3
2.1
1,944
DETACHD
71
17944 RIDGE LAKE DR
$525,000
4
2.1
2,525
DETACHD
55
539 2ND ST
$543,600
2
2
1,339
CONDO
532
27 BECKET ST
$579,900
3
2
2,615
DETACHD
356
1670 PINE ST
$700,000
4
4
3,286
DETACHD
413
5287 LANGFORD LN
$718,950
3
2.1
2,951
DETACHD
452

SOLD (August 11 – 17, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
100 KERR PKWY
$105,000
$102,500
1
1
617
CONDO
42
1543 BONNIEBRAE DR
$270,000
$249,500
3
1.1
1,303
ATTACHD
100
15950 SW PARKER RD
$449,000
$380,000
3
1
924
DETACHD
263
4160 CHAPMAN WAY
$399,900
$395,000
3
2
1,545
DETACHD
9
18321 WOOD THRUSH CIR
$449,900
$435,000
3
2.1
2,052
DETACHD
28
3815 Southshore BLVD
$539,000
$529,900
4
2
2,638
DETACHD
25
14121 GABRIELLE CT
$698,500
$680,000
4
2.1
3,015
DETACHD
24
55 NORTHSHORE RD
$699,000
$695,000
3
2
2,750
CONDO
16
539 10TH ST
$1,495,000
$1,150,000
4
4.2
4,356
DETACHD
214

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.

If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.

Posted on

Summertime Groaners

Sorry, I couldn’t resist this collection of real estate jokes from www.realestatehumor.com

Forgive me! …& Enjoy:

All afternoon a real estate agent had been showing a young couple empty houses. The ones they loathed always seemed to be available, but others had already snapped up the ones that struck their fancy. Finally they came to a house at the very edge of town and fell in love with it.
“Please,” they begged, “tell us that this one we can have.”
“It’s yours,” beamed the agent. “It’s last …. but not leased!”

While showing a home to a young mother and her 4 year old daughter, the child kept insisting that we leave. We performed the obvious routine of exploring the bedrooms, the basement and opening closet doors. Finally the little girl looked at her mother and said, “Mommie, we better get out of here before they come home and find us!”

A client bought a new home and the broker wanted to send flowers for the occasion. They arrived at the home and the owner read the card; it said “Rest in Peace”. The owner was angry and called the florist to complain. After he had told the florist of the obvious mistake and how angry he was, the florist said. “Sir, I’m really sorry for the mistake, but rather than getting angry you should imagine this: somewhere there is a funeral taking place today, and they have flowers with a note saying, “Congratulations on your new home”.

If you want to know exactly where the property line is, just watch the neighbor cut the grass.

Houses today don’t have enough closet space. Sure they do. They’re just called guest bedrooms.

Realtor sign–We have “lots” to be thankful for.

The sellers said their house was near the water. It was in the basement.

A home buyer told me that he lived in the same house for 10 years. When I checked, I found out he’d still be there today if the Governor hadn’t pardoned him!

Trivia: The floors of buildings are called stories because early European builders used to paint picture stories on the sides of their houses. Each floor had a different story.

“A lot of homes have been spoiled by inferior desecrators.”–Frank Lloyd Wright

The house is only 5 minutes from shopping . . .if you’ve got an airplane.

House problem: The oven is self-cleaning, but the kids aren’t.

Our new house has one down payment and 240 darn payments!

Posted on

Lake Oswego Real Estate Market Activity – August 11-17, 2008

Thanks for the feedback last week concerning the publishing of these reports. It is nice to know readers are finding value in them. Your comments on any post are welcome!

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

NEWLY LISTED (August 11 – 17, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
4000 SW CARMAN DR
$188,500
2
2
973
CONDO
8/10
19010 LONGFELLOW AVE
$315,000
3
1
1,732
DETACHD
8/11
820 BOCA RATAN DR
$326,900
4
3.1
2,220
DETACHD
8/11
1685 MAPLELEAF RD
$395,000
3
2
1,273
DETACHD
8/10
4470 CHAPMAN WAY
$399,500
3
3
2,125
DETACHD
8/11
790 LAUREL ST
$409,990
3
2
2,040
DETACHD
8/13
16546 BONAIRE AVE
$410,000
3
1
1,064
DETACHD
8/10
4292 GALEWOOD ST
$414,900
3
2.1
1,644
DETACHD
8/13
668 4TH ST
$469,900
2
2
1,502
DETACHD
8/12
5587 SW CARMAN DR
$574,900
4
3.1
2,591
DETACHD
8/13
2584 PARK RD
$574,900
4
2
2,302
DETACHD
8/13
5947 MEADOWCREEK CT
$589,000
4
2.1
2,485
DETACHD
8/16
6 CHURCHILL DOWNS DR
$599,000
5
3.1
2,922
DETACHD
8/10
1690 FIRCREST CT
$626,900
3
3.1
2,600
DETACHD
8/10
17850 SW PILKINGTON RD
$629,000
3
2.1
3,222
DETACHD
8/11
762 3RD ST
$750,000
3
2.1
2,710
DETACHD
8/10
14527 PFEIFER WAY
$799,000
4
3.1
3,788
DETACHD
8/12
2941 WESTVIEW CIR
$899,900
4
2.1
3,075
DETACHD
8/14
840 EVERGREEN RD
$924,900
4
2.1
2,696
DETACHD
8/14
17175 KELOK RD
$969,998
4
3
2,002
DETACHD
8/13
3540 RED CEDAR WAY
$989,000
5
3.1
4,100
DETACHD
8/14
771 SW COUNTRY CLUB RD
$998,900
5
2.1
4,410
DETACHD
8/11
3600 SOUTHSHORE BLVD
$999,000
3
2.1
2,178
DETACHD
8/14
3700 MARQUIS CT
$999,500
4
2.1
4,340
DETACHD
8/14
931 LAKE FRONT RD
$1,495,000
4
3.1
2,889
ATTACHD
8/11
3330 CEDAR CT
$1,600,000
4
3.1
4,611
DETACHD
8/12
14001 GOODALL RD
$1,675,000
4
3.1
5,397
DETACHD
8/13
951 SW ATWATER RD
$2,995,000
6
5.1
7,582
DETACHD
8/10
1101 CRESTLINE CT
$3,995,000
4
4.3
7,226
DETACHD
8/10

PENDING SALES (August 11 – 17, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
35 CRESTFIELD CT
$139,900
2
1
923
CONDO
75
86 KINGSGATE RD
$149,900
2
2
849
CONDO
65
7200 MONTAUK CIR
$149,900
2
1
968
CONDO
30
5225 JEAN RD
$239,900
3
2
1,500
CONDO
6
4231 FRUITWOOD CT
$369,000
3
2.1
2,070
DETACHD
220
16990 LOWER MEADOWS DR
$399,900
3
2.1
2,000
DETACHD
564
5474 BAY CREEK DR
$549,000
4
2.1
2,322
DETACHD
251
1835 CEDAR CT
$945,000
3
3.1
3,165
DETACHD
130

SOLD (August 4 – 10, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
3545 UPPER DR
$375,000
$370,000
3
2
1,348
DETACHD
4
100 KINGSGATE RD
$465,000
$415,000
3
2.1
1,960
DETACHD
14
18833 SW INDIAN CREEK AVE
$479,900
$419,000
4
2.1
2,265
DETACHD
95
16946 LOWER MEADOWS DR
$459,900
$440,000
3
2.1
1,795
DETACHD
29
5657 GRAND OAKS DR
$609,900
$550,000
3
2.1
2,888
DETACHD
57
4933 PARKHILL ST
$599,900
$599,000
4
3
2,500
DETACHD
48
510 NORTHSHORE RD
$735,000
$664,900
3
3
2,380
DETACHD
35
18242 ANDUIN TER
$829,500
$712,000
5
3
3,651
DETACHD
135
720 6TH ST
$1,399,900
$1,235,000
4
3.1
4,217
DETACHD
659

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.

If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.