News today indicates a “Surprise to the Upside” in US housing sales.
Check it out: http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/us-home-sales-surprise-to-the-upside-2009012676338/
Here in Lake Oswego we have a total of 20 properties newly on the market as of this last week, and 7 pending sale as of the same week. I culled any property listed as “new” that had not been off the market for at least 30 days, and many of those categorized as such below are brand new listings.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (January 19—January 25, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
LIST DATE
|
| Address | List Price | # Beds | # Baths | Tot. SF | Prop Type | List Date |
| 26 CRESTFIELD CT | $172,700 | 2 | 2 | 995 | CONDO | 1/23/2009 |
| 13880 SUNDELEAF DR | $234,500 | 2 | 1 | 976 | DETACHD | 1/23/2009 |
| 666 9th ST | $425,000 | 2 | 1 | 1,850 | DETACHD | 1/23/2009 |
| 14431 ORCHARD SPRINGS RD | $439,900 | 3 | 2.1 | 1,960 | CONDO | 1/23/2009 |
| 3 CELLINI CT | $465,000 | 4 | 2.1 | 2,531 | DETACHD | 1/19/2009 |
| 39 SPINOSA | $479,900 | 3 | 2.1 | 2,069 | DETACHD | 1/21/2009 |
| 627 1ST ST | $499,000 | 2 | 2 | 2,090 | DETACHD | 1/25/2009 |
| 2360 GREENTREE RD | $499,995 | 3 | 2.1 | 2,207 | DETACHD | 1/21/2009 |
| 14 NORTHVIEW CT | $537,500 | 4 | 3.1 | 3,279 | ATTACHD | 1/22/2009 |
| 3745 TEMPEST DR | $547,500 | 4 | 3 | 2,834 | DETACHD | 1/21/2009 |
| 14412 MEADOW GRASS ST | $575,000 | 4 | 2.1 | 3,563 | DETACHD | 1/19/2009 |
| 554 5TH ST | $759,000 | 3 | 3.1 | 2,166 | ATTACHD | 1/19/2009 |
| 556 5TH ST | $759,000 | 3 | 3.1 | 2,166 | ATTACHD | 1/19/2009 |
| 15847 SPRINGBROOK CT | $938,000 | 3 | 3 | 2,705 | DETACHD | 1/19/2009 |
| 730 KENOLA CT | $1,085,000 | 4 | 3.1 | 4,319 | DETACHD | 1/19/2009 |
| 2326 Oswego Glen CT | $1,495,000 | 4 | 4 | 4,178 | DETACHD | 1/20/2009 |
| 15905 OSWEGO SHORE CT | $1,590,000 | 4 | 4 | 3,869 | DETACHD | 1/19/2009 |
| 1098 CHANDLER RD | $2,195,000 | 4 | 3.1 | 3,696 | DETACHD | 1/21/2009 |
| 18414 RIVER WOODS PL | $2,999,000 | 4 | 4.2 | 6,498 | DETACHD | 1/23/2009 |
| 17110 LOWENBERG TER | $850,000 | 4 | 2.1 | 2,678 | DETACHD | 1/22/2009 |
PENDING SALES (January 19—January 25, 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 |
| 4 TOUCHSTONE DR | $114,000 | 2 | 2 | 984 | CONDO | 1/10/2009 | 11 |
| 3668 SPRING LN | $199,900 | 2 | 2 | 1,120 | CONDO | 1/6/2009 | 16 |
| 1400 PARRISH ST | $297,500 | 3 | 2.1 | 1,880 | CONDO | 9/1/2008 | 143 |
| 4672 WINTHROP CT | $399,900 | 3 | 2 | 1,680 | DETACHD | 9/30/2008 | 114 |
| 1480 HEMLOCK ST | $428,850 | 4 | 3 | 2,246 | DETACHD | 3/24/2008 | 305 |
| 6067 CLAIRMONT CT | $529,000 | 4 | 2.1 | 2,344 | DETACHD | 1/12/2009 | 11 |
| 17561 SHEPHERDS CT | $675,000 | 4 | 2.1 | 3,011 | DETACHD | 5/15/2008 | 347 |
SOLD (January 19—January 25, 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 | List Date | CDOM |
| 13915 SUNDELEAF DR | $998,000 | $895,000 | 4 | 3.1 | 4,090 | DETACHD | 10/1/2008 | 797 |
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.

Tuesday was such a momentous occasion, and many of us took time off from work to watch the inauguration and the rest of the exciting events of the day. In the afternoon I took one of the many photographs I’d shot from the television screen and emailed it with my best wishes to a huge list of family and friends. I called the photo and email “New Day in my Kitchen”.
There are 20 scheduled open houses being promoted on the RMLS this weekend, including my open house at 4447 Golden Lane. I’ll be there from 1-4. It’s an end-unit townhouse in Mt. Park with 2 bedrooms and 2.5 baths. Listed for $284,900, the Kitchen has new granite counters. There are walls of South-facing windows that let in lots of light and give the home large views of the gorgeous landscaping. To get there, take Carmen Drive to Fosberg, to Melrose, to Thundervista, to Golden. You’ll see my signs at the intersection of Fosberg and Melrose. Please come by, I’d love to meet you.
This is probably the single most common question that buyers universally ask. After all, you want to get the property for a fair price that is not too high, but you also have other concerns that you want to address. How do you frame the offer to cover all of your concerns?
We’ve given you plenty of coverage of the exciting and unusual weather experienced lately here in Lake Oswego. I hesitate to scare the bajeezeez out of anyone contemplating living here, and/but believe that even though this is unusual weather, the story I’m about to share is extremely valuable for just that reason, and highlights the importance of giving great consideration to the type of insurance you decide to carry when purchasing a home.
Scott Burns, a professor of geology at Portland State University advises: “The important thing is to get people in Portland and the rest of this area to ask the question, ‘What can I do to prevent landslides on my property?’ ” “There was just a lot of storm water going down the streets and going in every direction,” said Bill Burns, an engineering geologist with the state Department of Geology and Mineral Industries. “There was just so much water, it was just over-taking the system.”
The family reportedly had homeowners insurance, but not the additional protection of landslide coverage which is typically excluded from most policies. I would pose that in addition to being the most diligent and informed homeowner you can possibly be, you also need to acknowledge that sometimes “stuff happens”, and therefore it is prudent to assess any “potential” hazards (even if you believe them unlikely) and protect yourself with appropriate insurance. This means you may end up being the one inquiring as to the availability of such add-ons, and so need to come armed to any discussion with data to guide your inquiries and decisions. To that end, let me provide you with some basic information, which I suggest you view as a primer, and not as the replacement for consultation with your insurance agent who, unlike me, is the “insurance expert”: