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Lake Oswego Real Estate Activity – July 28-August 3, 2008

Thirty-one properties entered the market or were relisted last week, while 21 homes went sale pending and closed (sold) during the previous week (July 21-27).

Stay tuned later this week for a first-half 2008 review of Lake Oswego’s market statistics compared to the first half of 2007.

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

NEWLY LISTED (JULY 28 – AUGUST 3, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
44 EAGLE CREST DR
$159,000
2
1
908
CONDO
7/30
4000 CARMAN DR
$164,900
2
2
913
CONDO
7/30
83 OSWEGO SMT
$191,500
2
2
1,140
CONDO
7/29
5341 SW CHINOOK CT
$299,900
3
2
1,029
DETACHD
7/31
4322 Botticelli ST
$299,900
2
2.1
2,043
CONDO
8/1
4206 WOODSIDE CIR
$305,000
2
2
1,799
CONDO
8/2
18021 SW TUALATA AVE
$349,900
3
1
1,410
DETACHD
7/27
907 BULLOCK ST
$399,900
4
2
2,020
DETACHD
7/29
5100 UPPER DR
$454,000
2
1
1,200
DETACHD
7/30
15611 SW PARTRIDGE DR
$499,900
3
2.1
2,300
DETACHD
7/31
80 TANGLEWOOD DR
$515,000
5
3
2,713
DETACHD
7/30
1695 HALLINAN ST
$519,000
4
2
2,763
DETACHD
7/31
2811 PARK RD
$555,000
4
2.1
2,248
DETACHD
7/31
4729 CAMBRIDGE CT
$559,900
2
2.1
3,056
ATTACHD
8/2
17784 TREETOP LN
$619,000
4
3
3,468
DETACHD
7/31
12986 KNAUS RD
$629,000
4
4
3,202
DETACHD
7/31
1903 EGAN WAY
$649,500
2
2.1
2,280
DETACHD
7/31
17821 HILLSIDE WAY
$650,000
4
3.1
3,480
DETACHD
7/27
3521 LANEWOOD ST
$675,000
3
1.1
1,675
DETACHD
8/2
805 SW COUNTRY CLUB RD
$699,000
5
2.1
2,722
DETACHD
7/29
17706 MARYLBROOK DR
$699,900
3
2.2
2,977
DETACHD
7/30
13300 FOX RUN
$700,000
4
2.1
2,954
DETACHD
7/27
3899 DANIEL WAY
$710,000
3
2.1
3,005
DETACHD
7/27
1273 WELLS ST
$799,000
4
3
4,001
DETACHD
7/31
5299 WESTFIELD CT
$799,900
3
2.1
2,865
DETACHD
8/1
716 MCVEY AVE
$874,998
3
2
2,348
DETACHD
7/30
17760 LAKE HAVEN DR
$899,999
4
2.1
2,051
DETACHD
7/28
17212 CHAPIN WAY
$1,100,000
3
2.1
2,541
DETACHD
7/31
4063 CANAL WOODS CT
$1,199,900
4
3.1
4,563
DETACHD
7/27
3515 UPPER DR
$1,395,000
4
3.1
4,061
DETACHD
7/27
12819 Alto Park RD
$1,395,000
4
4.1
3,944
DETACHD
8/1

PENDING SALES (JULY 28 – AUGUST 3, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
750 1ST ST
$239,000
2
2
1,350
CONDO
85
1528 CEDAR ST
$359,900
3
1.1
2,015
DETACHD
184
16121 SW KIMBALL AVE
$369,900
3
2
1,596
DETACHD
76
915 OAK TER
$375,000
3
1
1,082
DETACHD
18
18929 SW TERRY AVE
$399,950
4
2
2,065
DETACHD
63
3815 Southshore BLVD
$529,900
4
2
2,638
DETACHD
25
1338 LAUREL ST
$538,800
3
2.1
2,212
DETACHD
42
18263 ANDUIN TER
$735,000
4
2.1
3,103
DETACHD
359
18036 SKYLAND CIR
$759,000
3
2.1
3,000
DETACHD
142
555 2ND ST
$832,200
2
2.1
1,752
CONDO
513
144 MIDDLECREST RD
$834,900
3
2.1
4,392
DETACHD
512

SOLD (JULY 21 – JULY 27, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
45 EAGLE CREST DR
$189,000
$165,000
2
2
1,046
CONDO
125
5057 FOOTHILLS DR
$325,000
$305,000
2
2
1,312
CONDO
23
16250 S Pacific HWY
$358,850
$320,000
2
2
1,200
CONDO
14433 CAMDEN LN
$480,000
$425,000
3
3
2,023
DETACHD
123
4821 SW DAWN AVE
$535,000
$441,000
3
2
1,955
DETACHD
129
17 ABELARD ST
$539,000
$495,000
3
2
2,070
DETACHD
131
15815 ALLISON PL
$859,000
$725,000
4
2.1
3,534
DETACHD
534
4725 SW UPPER DR
$1,200,000
$775,000
4
2.1
2,600
DETACHD
104
5455 LANGFORD LN
$915,000
$776,289
3
2.1
3,341
DETACHD
435
3010 UPPER DR
$1,825,000
$1,475,000
4
4
4,373
DETACHD
7

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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Lake Oswego Open Houses – August 2-3, 2008

A robust list of properties are on display this weekend in the Lake Oswego open house list–something in just about every price range.

Here’s the list of Lake Oswego opens for Saturday and Sunday:

Date Time Address
List Price
Bdrms
Baths
Total SF
8/3/08 1-3PM 44 EAGLE CREST DR
$141,900
1
1
798
8/3/08 1:00-4:00 210 S STATE ST
$279,900
2
1
1,284
8/3/08 12-4pm 4458 THUNDER VISTA LN
$334,500
3
2.1
2,200
8/2/08 12-2pm 1924 MAPLELEAF RD
$398,500
4
2
2,040
8/3/08 2:30-4:30p 17870 DEERBRUSH AVE
$429,900
3
2.1
1,912
8/3/08 1:00-4:00PM 4451 BERNARD ST
$429,900
3
2
1,800
8/3/08 1-4pm 4760 LOWER DR
$450,000
4
3
3,252
8/3/08 12:00 – 3:00 4688 OAKRIDGE RD
$495,000
3
2
1,788
8/3/08 2-4pm 1265 ROCKINGHORSE LN
$499,900
4
3
2,402
8/3/08 1 – 3 PM 16090 SW KIMBALL AVE
$499,995
4
1.1
2,276
8/3/08 12-3pm 17944 RIDGE LAKE DR
$525,000
4
2.1
2,525
8/3/08 1-3pm 27 BECKET ST
$579,900
3
2
2,615
8/3/08 12-4pm 5624 SOUTHWOOD DR
$599,900
4
3
3,120
8/3/08 12-2pm 2584 PARK RD
$599,999
4
2
2,302
8/3/08 2:00 – 4:00 19664 RIVER RUN DR
$615,000
4
2.1
3,051
8/3/08 3-5pm 17 SCARBOROUGH DR
$639,900
4
2.1
3,290
8/3/08 12-4pm 17083 FERNWOOD DR
$655,900
5
3
2,868
8/3/08 12-2pm 17960 RIDGE LAKE DR
$720,000
4
2.1
3,124
8/3/08 2:00 – 4:00 4031 OLD GATE ROAD
$729,900
4
3.1
3,704
8/3/08 1pm-4pm 15837 ALLISON PL
$739,000
4
2.1
3,534
8/3/08 12-2pm 1141 TROON RD
$747,500
4
3
2,522
8/3/08 2-4 PM 5441 DENTON DR
$799,500
4
2.1
3,335
8/3/08 3-5pm 353 D AVE
$825,000
4
2
3,228
8/3/08 1:00-3:00 3030 SW WESTVIEW CT
$975,000
4
2.1
3,400
8/3/08 12pm-3pm 15540 VILLAGE DR
$988,000
5
2.1
3,780
8/3/08 12pm-3pm 14067 GOODALL RD
$1,149,000
4
3.1
3,784
8/3/08 1-4pm 3300 RIVER WOODS PL
$1,150,000
3
2.1
3,595
8/3/08 12-3pm 17464 RIDGEVIEW LN
$1,298,950
4
3.1
4,407
8/3/08 12-3pm 622 OAK MEADOW DR
$1,325,000
4
3.1
4,171
8/3/08 12-3pm 664 OAK MEADOW DR
$1,355,000
4
3.1
4,198
8/3/08 12-3pm 17433 RIDGEVIEW LN
$1,495,000
4
4.1
4,704
8/3/08 1-4pm 17951 MEADOWLARK LN
$1,599,000
4
3.2
5,065
8/3/08 12-4pm 2605 SOUTHSHORE BLVD
$1,695,000
4
4.1
4,750
8/3/08 3-5 PM 2811 ARROWHEAD CT
$1,695,000
4
3.1
3,740
8/3/08 3-5 PM 13200 SW THOMA RD
$2,880,000
5
5.2
7,648

Please note, dates and times are subject to change without notice. This list may not contain ALL open houses in the city, but represent those that agents have publicized in the multiple listing service as of Friday afternoon. 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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Lake Oswego Farmer’s Market

It’s summer time and one of the great joys of the season is all of the fresh produce and bright assortment of flowers that are available at this time of year. In Lake Oswego these can be found in abundance at the local Farmer’s Market. Located in Millenium Plaza Park on Lake Oswego’s East side, the market is open on Saturdays from 8am to 1pm, mid May to the end of October. There is free parking and even doggie daycare (dogs are not allowed in the market).

Arrive hungry because there is so much good food to eat. My personal favorite are the huge omelets that are made by Philly’s Fat Omelets and Breakfast Burritos. They are large and stuffed with an assortment of options that you choose. Topped off with their wonderful salsa, it is something that my mouth starts watering over the minute I wake up on Saturday mornings. You will also find cinnamon rolls that are baked and sold by the Lake Oswego Adult Community Center, fresh squeezed juices, Kettlecorn, freshly made pies and breads, as well as a wide variety of lunch fare such as La Vang’s salad rolls, and a booth offering Middle Eastern cuisine.

Numerous farms bring their crops to the market. You’ll find all sorts of fruit and produce. Especially abundant are the berries: strawberries, blue berries, and black berries. There are vendors who sell just organic lettuce, and vendors who sell not only tomatoes, but tomato plants too. There are booths run by local nurseries so that you can purchase plants for your own garden. I have also seen a table set up by local master gardeners where you can ask experts your gardening questions.

Complimenting the fresh produce and good food, you will find an assortment of other vendors. Craft cheese makers, organic meats, and smoked salmon, are a few worth mentioning. And then there are a several artisans mixed in with unique items such as lavender soap and hand crafted jewelry.

Fresh flowers are sold in abundance by several flower growers. They are sold very inexpensively, and you will enjoy the luxury of fresh-cut flowers in your home without having to sacrifice them from your own garden. You can even pick and choose your own bouquet to get exactly the color assortment that you prefer.

While you are eating and shopping there is usually live music being performed on the park stage. There are numerous tables set up to enjoy your meal while you enjoy the music.

It is truly a community gathering place. I don’t know what the attendance is each week, but it is wildly popular and something that many people look forward to as a feature of summer living. I know that I love it and I think that you will as well.

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Lake Oswego Real Estate Market Activity – July 14-27, 2008

If it seems like an unusually long list of properties in this week’s Market Activity report, it’s because we took last week off. Now, we’re back in the saddle, and have a chock-full market report for you to review.

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

NEWLY LISTED (JULY 14 – JULY 27, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
4 TOUCHSTONE
$139,900
2
1.1
979
CONDO
7/13
44 EAGLE CREST DR
$141,900
1
1
798
CONDO
7/24
7200 MONTAUK CIR
$149,000
2
1
968
CONDO
7/16
6882 MONTAUK CIR
$157,000
2
1
924
CONDO
7/14
86 KINGSGATE RD
$178,000
2
2
849
CONDO
7/20
4636 LOWER DR
$181,900
2
1.1
1,170
CONDO
7/20
4 TOUCHSTONE
$199,900
4
2
1,456
CONDO
7/22
76 OSWEGO SMT
$199,999
2
2
1,212
CONDO
7/16
4087 JEFFERSON PKWY
$225,000
2
2.1
1,851
ATTACHD
7/19
668 MCVEY AVE
$229,825
3
1.1
985
CONDO
7/16
5060 FOOTHILLS DR
$295,900
2
2
1,252
CONDO
7/13
16250 PACIFIC HWY
$299,000
2
2
1,311
CONDO
7/20
17570 SW MARDEE AVE
$299,850
3
1
1,050
DETACHD
7/16
1615 HALLINAN ST
$299,900
3
2
1,500
DETACHD
7/16
3 The Grotto
$329,500
3
2
1,688
DETACHD
7/22
5487 SW TUALATA CT
$330,000
3
3
1,200
DETACHD
7/15
93 KINGSGATE RD
$359,999
3
2.1
1,669
DETACHD
7/14
1120 HALLINAN CIR
$365,000
3
2
1,600
DETACHD
7/13
5096 SW TREE ST
$366,000
3
1.1
1,410
DETACHD
7/15
1101 HEMLOCK ST
$397,000
3
2.1
2,092
DETACHD
7/23
13332 VERMEER DR
$399,900
4
3
2,382
DETACHD
7/15
1790 YARMOUTH CIR
$414,900
2
2
1,551
DETACHD
7/15
14432 HOLLY SPRINGS RD
$424,900
3
2.1
1,318
DETACHD
7/20
2130 WEMBLEY PARK RD
$425,000
3
1.1
1,544
DETACHD
7/23
2256 GLENMORRIE DR
$425,000
3
2
1,798
DETACHD
7/14
109 3RD ST
$429,000
2
2
1,065
CONDO
7/25
19 CHURCHILL DOWNS
$439,500
4
3
2,159
DETACHD
7/13
29 BECKET ST
$449,999
3
2.1
2,288
DETACHD
7/14
5079 W SUNSET DR
$458,650
2
2.1
1,760
ATTACHD
7/24
4967 SUNTREE LN
$479,900
3
2.1
1,915
DETACHD
7/20
14300 SHERBROOK PL
$485,000
3
2.1
1,924
DETACHD
7/15
5051 TUALATA LN
$489,500
4
2
1,591
DETACHD
7/16
540 2ND ST
$495,000
3
2.1
1,520
CONDO
7/24
8 Hotspur
$519,000
3
2.1
1,966
DETACHD
7/19
17095 REBECCA LN
$519,950
3
2.1
2,258
ATTACHD
7/18
17071 REBECCA LN
$525,950
4
2.1
2,256
DETACHD
7/18
1428 PINE ST
$549,000
3
3.1
2,738
DETACHD
7/21
668 MCVEY AVE
$549,000
3
1.1
985
CONDO
7/16
17088 REBECCA LN
$569,900
3
3
2,507
DETACHD
7/18
112 D AVE
$579,900
2
2.1
1,741
ATTACHD
7/16
2794 VALE CT
$589,000
3
2.1
2,968
DETACHD
7/14
815 10TH ST
$589,000
3
2
2,190
DETACHD
7/23
101 3RD ST
$599,750
3
2
1,447
CONDO
7/16
325 3RD ST
$599,900
2
2.1
1,937
PARTOWN
7/22
625 CLARA CT
$599,900
3
2.1
2,532
DETACHD
7/14
14412 MEADOW GRASS ST
$600,000
4
2.1
3,563
DETACHD
7/19
19664 RIVER RUN DR
$615,000
4
2.1
3,051
DETACHD
7/20
17443 SCHALIT WAY
$623,900
5
4
3,493
DETACHD
7/16
17244 FERNWOOD DR
$664,500
4
2.1
2,617
DETACHD
7/17
13268 DEERFIELD CT
$689,900
4
2.1
2,895
DETACHD
7/15
2084 RIDGEWOOD RD
$699,900
3
2.1
2,117
DETACHD
7/14
17423 OAK MEADOW LN
$699,900
3
2.1
3,125
DETACHD
7/16
17622 BROOKHURST DR
$724,900
4
2.1
2,909
DETACHD
7/21
4031 OLD GATE ROAD
$729,900
4
3.1
3,704
DETACHD
7/20
14855 TWIN FIR RD
$749,900
3
1.1
1,639
DETACHD
7/22
18036 SKYLAND CIR
$759,000
3
2.1
3,000
DETACHD
7/19
3325 CEDAR CT
$789,000
4
2.1
3,500
DETACHD
7/20
3240 UPPER DR.
$794,950
4
2.1
3,410
DETACHD
7/24
15459 VILLAGE DR
$849,000
4
3.1
3,059
DETACHD
7/17
550 MIDDLECREST RD
$849,900
3
2.1
2,240
DETACHD
7/17
1273 WELLS ST
$849,950
4
3
4,001
DETACHD
7/21
1928 PALISADES TERRACE DR
$949,000
4
5.1
4,343
DETACHD
7/17
716 MCVEY AVE
$959,900
3
2
2,348
DETACHD
7/22
1420 MORNING SKY CT
$989,000
4
3.1
3,578
DETACHD
7/20
13915 SUNDELEAF DR
$998,000
4
3.1
4,090
DETACHD
7/15
1619 BAY VIEW LN
$999,900
5
3.1
4,922
DETACHD
7/14
17335 CANAL CIR
$1,079,000
3
3
2,092
DETACHD
7/13
2680 GLEN EAGLES RD
$1,089,000
3
3
3,000
DETACHD
7/17
2801 LAKEVIEW BLVD
$1,149,000
3
3.2
3,400
DETACHD
7/13
13360 KNAUS RD
$1,149,900
4
3
3,450
DETACHD
7/14
3300 RIVER WOODS PL
$1,150,000
3
2.1
3,595
DETACHD
7/24
17388 CEDAR RD
$1,195,000
2
1
2,134
DETACHD
7/23
15446 BOONES WAY
$1,198,900
3
2.1
3,364
ATTACHD
7/19
14381 FOSBERG RD
$1,199,000
4
3.1
4,900
DETACHD
7/23
13010 SW KNAUS RD
$1,249,500
4
3.1
4,312
DETACHD
7/15
1055 COUNTRY CLUB RD
$1,250,000
3
2
2,804
DETACHD
7/21
5250 SW DAWN ST
$1,275,000
4
3.1
4,333
DETACHD
7/13
17459 WREN CT
$1,369,000
4
4
4,366
DETACHD
7/15
611 RIDGEWAY RD
$1,379,000
4
5.1
4,463
DETACHD
7/20
17677 Westview Rd.
$1,498,950
5
4.1
5,031
DETACHD
7/15
17334 BERGIS FARM DR
$1,737,000
5
4.1
5,654
DETACHD
7/16
1115 NORTHSHORE RD
$1,949,000
4
4.1
4,330
DETACHD
7/14
18783 SW STAFFORD RD
$1,995,000
5
3.1
4,857
DETACHD
7/21
Twin Points RD
$2,700,000
4
3
4,448
DETACHD
7/23

PENDING SALES (JULY 14 – JULY 27, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
100 KERR PKWY
$105,000
1
1
617
CONDO
6/1
47 EAGLE CREST DR
$149,900
2
1
932
CONDO
6/18
86 KINGSGATE RD
$169,900
2
2
840
CONDO
3/11
4000 CARMAN DR
$182,900
2
2
1,100
CONDO
3/29
668 McVey AVE
$199,850
1
1
626
CONDO
11/15
48 EAGLE CREST DR
$224,900
2
2
1,495
CONDO
6/9
1543 BONNIEBRAE DR
$249,500
3
1.1
1,303
ATTACHD
4/12
16692 SW LAKE FOREST BLVD
$299,900
2
1
1,690
DETACHD
5/20
4070 WESTBAY RD
$350,000
1
1
1,828
DETACHD
7/14
4284 WEST BAY RD
$439,900
3
2
1,539
DETACHD
5/12
16946 LOWER MEADOWS DR
$449,000
3
2.1
1,795
DETACHD
6/16
18321 WOOD THRUSH CIR
$449,900
3
2.1
2,052
DETACHD
6/19
1210 WELLS ST
$450,000
5
3.1
4,494
DETACHD
7/6
310 DURHAM ST
$549,000
3
2.1
1,940
ATTACHD
6/24
14062 CHELSEA DR
$685,000
4
2.1
2,974
DETACHD
5/14
5017 HARTFORD PL
$699,000
3
3.1
3,259
DETACHD
5/28
5310 Washington CT
$729,900
3
2.1
3,328
DETACHD
6/2
4300 ALBERT CIR
$879,000
4
2.1
3,205
DETACHD
4/27
720 6TH ST
$1,300,000
4
3.1
4,217
DETACHD
3/13
651 IRON MOUNTAIN BLVD
$1,795,000
5
4.1
5,776
DETACHD
3/13
1673 CHERRY LN
$1,995,000
4
4.3
5,732
DETACHD
3/16

SOLD (JULY 7 – JULY 20, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
47 EAGLE CREST DR
$128,500
$121,000
1
1
666
CONDO
74
88 Galen
$145,250
$132,000
2
1
923
CONDO
34
45 EAGLE CREST DR
$165,000
$160,000
1
1
780
CONDO
28
482 S STATE ST
$295,500
$275,000
2
1
1,659
CONDO
26
19 MOUNTAIN CIR
$329,000
$305,000
2
2
1,364
ATTACHD
101
3 PEACOCK PL
$324,000
$310,000
3
2.1
1,430
DETACHD
32
5060 FOOTHILLS DR
$325,000
$325,000
2
2
1,252
CONDO
19
15446 STEPHANIE CT
$347,750
$336,000
3
2.1
1,582
ATTACHD
97
5636 SW LANGFORD LN
$365,000
$365,000
2
2
1,536
DETACHD
4
210 S STATE ST
$419,000
$375,000
2
2.1
1,743
CONDO
146
428 ASH ST
$695,000
$380,000
5
5
4,380
DETACHD
136
2 MORNINGVIEW CIR
$727,000
$425,000
3
2.1
2,954
DETACHD
404
1720 WOODLAND TER
$549,900
$455,000
4
2.1
2,786
DETACHD
69
40 NOVA CT
$475,000
$468,000
4
2.1
2,308
DETACHD
53
16 CHURCHILL DOWNS DR
$520,000
$520,000
3
2.1
2,056
DETACHD
2
18086 JENIFERS WAY
$779,000
$710,000
3
2.1
2,566
DETACHD
65
547 MIDDLECREST RD
$849,900
$775,000
2
2.1
1,881
DETACHD
90
1821 HEADLEE LN
$879,000
$865,000
2
2
2,187
DETACHD
17
4700 SW DOGWOOD DR
$1,699,000
$1,580,000
5
3.1
5,401
DETACHD
6
3102 DOUGLAS CIR
$1,848,000
$1,600,000
5
4.1
4,618
DETACHD
49
4233 SOUTHSHORE BLVD
$2,500,000
$2,275,000
3
3
3,100
DETACHD
9

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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Musings on Pricing Your Home

Many wonder how to price their home in our current market.With the twists and turns the market has been making, many believe that special tactics are needed to secure the amount of money they desire from the sale of their home. Two stick out in my mind. Simply put, they are “over-pricing” and “under-pricing”.

I have seen everything from what seems like extreme overpricing ($100,000 or more above what seems like a reasonable asking price) to modest positioning above apparent market value.

The truth is that this can be a successful pricing method if used conservatively… that is: determine the reasonable asking price for your home, and then price slightly above in the expectation of creating negotiation room. I do have to say however, that in the current market climate, even moderate overpricing can be a tricky and dangerous route if you would like to sell, instead of watch your property sit. The longer a property stays on the market, the more you risk losing momentum and appeal. There is a quote from Tom Ferry, a well-known real estate authority that says it all- “The most important decision we’ll make is around price. We have two choices: The Seller price and the Sold price. Which one is higher? …The Seller price.” The dangers of overpricing include:

  • Attracts “lookers”, not legitimate Buyers,
  • Implies that you are not motivated to sell,
  • Reduces the number of showings,
  • Helps the competition, and
  • Invites potential appraisal problems.

The other method, under-pricing, is an effective technique in many cases. This technique does not need to be used extravagantly either… a little can do the trick. It can stimulate interest right off the bat. Instead of your property being one of many that are priced comparably with their property “kin”, yours creates excitement as in “Honey, look at this one… This looks like a really good deal!” When used effectively, this tactic can even trigger bidding wars. I’ve represented at least one Buyer recently where this technique was apparently being employed by two Sellers of properties my client wanted to pursue. We secured the home in the second offer (phew!) but negotiated through two competitive offer situations in one week to accomplish that! (Yes… in this market.)

Note that several factors affecting the appeal of your property are not in your Realtor’s control… Your Realtor cannot control: location, property condition, market conditions, timing… or price. Your Realtor can control marketing, exposure, and the advice they give you. I often remark to my clients that pricing is really not so mysterious, and more a matter of just looking at the facts- We survey comparable properties and what they have SOLD for… then make a decision as to how the subject property measures up, and price accordingly. Most importantly, remember that the ASKING price is your decision, whereas the SOLD price is ultimately the Buyer’s decision, and is what really determines ‘market value’. That said, though a Buyer may offer less than you wish (or they may not!) it is still your decision as to whether you will accept an offer, negotiate, or simply refuse. Listen to your Realtor and then make a decision based on the data presented by him or her. They want to help you sell!

As much as you would like them to, the following conditions do NOT affect your home’s market value/price:

  • The profit you wish to make from the sale,
  • The amount of money you’ve spent on improvements,
  • What friends and trusted associates have told you it is worth, and
  • What you originally paid for the home.

So, bottom line, the price you decide upon should be based on related SOLD data, and then tempered to your home’s specifics, and your desired timetable. Summer is here and homes are selling! Enjoy the ride, and accomplish those changes you want in your life through the sale of your home. Pricing appropriately can really help speed you to your goal.

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Lake Oswego Real Estate Market Activity – July 21, 2008

On VacationWe’d like to post the Lake Oswego real estate market results for the past week, but our highly skilled, but woefully underpaid database guru is on vacation. He apparently will not be publishing Open House information this week, either.

Perhaps his participation and input will be more appreciated during this absence, and he can get paid in something more than Mountain Dew and pizza when he returns.

In the meantime, please return next Monday for a two-week recap. If you have any questions in the interim, give either Dianne or Linda a note or call.

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Lake Oswego in Bloom

The City of Lake Oswego has developed quite a reputation for its amazing displays of flowers. Flowers are everywhere: hanging in baskets, in the meridians of roads, in the round abouts, and along pathways and around intersections. Everywhere you turn in the summer months is an absolute feast of color.

Perhaps the best known displays are in the many hanging baskets. This year there are 266 flower baskets. They are hung rather high up on the light posts of most major streets. They are large and lush when they are first hung in the spring and over the course of the summer will cascade down about 4 to 6 feet. These baskets are privately funded through donations from businesses and individuals. The flower basket program is sponsored by the Chamber of Commerce and a silhouette of a basket has long been the Chamber’s logo.

I have to give credit for a large part of the City’s strong interest in flowers to one of the City’s former mayors, Bill Gerber. Bill loved this City. He owned a nursery in Lake Grove called Gerber Gardens. He toured the world looking at gorgeous gardens and brought his love of gardens home to Lake Oswego. It was through Bill’s efforts that Lake Oswego entered into, and won, the America in Bloom competition.

In September of 2003, Lake Oswego entered the America in Bloom competition and actually won two prizes. The first was for the finest flower displays for cities with a population of 25,000-50,000. The second was the highest honor for flower displays beating out cities of all sizes including Boston and Indianapolis. The purpose of the America in Bloom competition is to foster civic pride, environmental responsibility, and beautification. Once a city wins the award, they are no longer able to compete in future years, but instead become a mentor to other cities hoping to accomplish similar results. For more details visit the America in Bloom website.

Portland is famous for it’s roses, but Lake Oswego is famous for its flowers too. The climate is ideal for lush displays that start with the spring bulbs in March and last through the fall colors in October. It makes the entire community shine.

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Lake Oswego Real Estate Market Activity – July 7-13, 2008

A modest number (16) of pending and closed sales made the list in the first part of July, while 47 new listings became available last week. Hopefully, this 3-to-1 ratio will not become a trend.

Remember, Linda, Dianne and Ron are actively engaged in the Lake Oswego real estate market and can provide market analyses for comparable properties if you’re considering a home sale, or, if a homebuyer, give you additional information about what is available in any of Lake Oswego’s delightful neighborhoods. Simply contact us by email.

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

NEWLY LISTED (JULY 7 – JULY 13, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
4 TOUCHSTONE
$124,900
2
2
984
CONDO
7/11
44 EAGLE CREST DR
$149,500
1
1
798
CONDO
7/11
42 CERVANTES CIR
$167,500
2
1.1
912
ATTACHD
7/10
210 S STATE ST
$279,900
2
1
1,284
CONDO
7/10
4724 SW FIRWOOD RD
$299,900
3
1.1
1,240
DETACHD
7/6
4454 THUNDER VISTA LN
$315,000
3
2.1
2,040
CONDO
7/7
19010 LONGFELLOW AVE
$329,900
3
1
1,732
DETACHD
7/9
16428 SW BONAIRE AVE
$339,900
3
1
1,240
DETACHD
7/6
82 GREENRIDGE CT
$349,900
3
2.1
2,868
ATTACHD
7/10
4211 WOODSIDE CIR
$350,000
3
2
1,688
CONDO
7/7
4291 DOUGLAS WAY
$359,900
3
2
1,365
DETACHD
7/6
4231 FRUITWOOD CT
$369,000
3
2.1
2,070
DETACHD
7/10
915 OAK TER
$395,000
3
1
1,082
DETACHD
7/10
17239 REBECCA LN
$399,900
4
2.1
1,970
DETACHD
7/7
4451 BERNARD ST
$429,900
3
2
1,800
DETACHD
7/9
2600 BREE CT
$445,000
4
2.1
2,895
DETACHD
7/9
1210 WELLS ST
$450,000
5
3.1
4,494
DETACHD
7/6
5207 COVENTRY CT
$465,000
3
2
1,973
DETACHD
7/10
5670 SW CHILDS RD
$479,000
4
2.1
2,298
DETACHD
7/6
18502 BRYANT RD
$479,900
4
2
1,798
DETACHD
7/7
1265 ROCKINGHORSE LN
$499,900
4
3
2,402
DETACHD
7/9
510 5TH ST
$499,999
2
2.1
1,517
ATTACHD
7/9
600 MAPLE ST
$529,000
4
2.1
2,422
DETACHD
7/7
3815 Southshore BLVD
$539,000
4
2
2,638
DETACHD
7/6
13036 SIERRA CT
$539,000
3
2
2,096
DETACHD
7/10
1921 GLENMORRIE LN
$550,000
3
3
2,395
DETACHD
7/6
1448 GREENTREE CIR
$578,900
4
2.1
2,587
DETACHD
7/11
3355 UPPER DR
$595,000
4
2
3,205
DETACHD
7/6
20 WALKING WOODS DR
$599,000
5
3
3,144
DETACHD
7/6
12 YORICK ST
$659,000
4
3.1
2,846
DETACHD
7/11
28 INDEPENDENCE AVE
$669,900
3
3
3,840
DETACHD
7/9
17348 HUNTER CT
$674,900
3
2.1
2,991
DETACHD
7/8
17850 SW PILKINGTON RD
$689,000
3
2.1
3,222
DETACHD
7/9
3723 ELEANOR CT
$749,000
4
2.1
2,736
DETACHD
7/8
540 NORTHSHORE RD
$847,000
4
3
2,486
DETACHD
7/9
2357 HILLSIDE LN
$849,900
5
3
4,162
DETACHD
7/7
5795 Dogwood DR
$919,000
4
2.1
3,305
DETACHD
7/6
0 Kimball ST
$989,000
3
3.1
2,904
DETACHD
7/9
1835 CEDAR CT
$995,000
3
3.1
3,165
DETACHD
7/6
4311 HAVEN ST
$999,950
5
4
3,816
DETACHD
7/10
17370 CANYON DR
$1,024,000
4
3.1
3,408
DETACHD
7/9
920 OAK TER
$1,049,950
4
2.1
3,467
DETACHD
7/9
18051 KELOK RD
$1,150,000
5
3.1
3,670
DETACHD
7/8
1776 OAK ST
$1,187,500
4
3.1
4,012
DETACHD
7/7
14480 KRUSE OAKS BLVD
$1,425,000
4
3.1
4,772
DETACHD
7/9
1913 CHERYL CT
$1,549,900
4
4.1
5,791
DETACHD
7/12
907 TERRACE DR
$2,600,000
6
4.3
6,919
DETACHD
7/6

PENDING SALES (JULY 7 – JULY 13, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
9 EAGLE CREST DR
$299,000
2
2
1,492
DETACHD
352
16015 SW WALUGA DR
$365,000
4
2
2,010
DETACHD
112
18833 SW INDIAN CREEK AVE
$419,900
4
2.1
2,265
DETACHD
95
791 2ND ST
$429,000
2
1
1,032
DETACHD
148
5657 GRAND OAKS DR
$584,900
3
2.1
2,888
DETACHD
57
17706 MARYLBROOK DR
$699,900
3
2.2
2,977
DETACHD
88
827 8th AVE
$949,000
5
3.1
3,852
DETACHD
307
17385 WALL ST
$950,000
4
3
3,665
DETACHD
106
1725 EDGECLIFF TER
$1,990,000
3
3.5
5,386
DETACHD
361

SOLD (JUNE 30 – JULY 6, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
44 EAGLE CREST DR
$149,500
$151,500
2
1
908
CONDO
4
45 EAGLE CREST DR
$163,333
$167,500
1
1
768
CONDO
18
12542 SW 27TH PL
$558,000
$434,000
4
3
2,270
DETACHD
366
1602 GREENTREE RD
$530,000
$444,000
3
2
1,708
DETACHD
97
5746 CHARLES CIR
$649,000
$585,000
4
2.1
2,737
DETACHD
59
12821 SIERRA VISTA DR
$775,000
$635,000
5
3.1
3,329
DETACHD
66
2005 RIDGEWOOD LN
$799,900
$725,000
4
3
2,380
DETACHD
285

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

Lake Oswego Open Houses – July 12-3, 2008

The July 4th weekend meant a break from open houses (in any meaningful amount, anyway). Tours are back in force this week though.

Here’s the list of Lake Oswego opens for Saturday and Sunday:

Date Time Address
List Price
Bdrms
Baths
Total SF
7/13/08 11:00-2:00pm 4000 CARMAN DR
$155,000
1
1
767
7/13/08 1:00-4:00 pm 98 OSWEGO SMT
$195,000
2
2
1,140
7/13/08 12-3pm 132 OSWEGO SMT
$235,500
2
2
1,140
7/13/08 2-4pm 750 1ST ST
$239,000
2
2
1,350
7/13/08 2PM – 4PM 750 1ST Street, No. 23
$264,500
2
2
1,350
7/13/08 2:00 – 4:00 8 BRITTEN CT
$265,000
2
2
1,175
7/13/08 12-3pm 4458 THUNDER VISTA LN
$334,500
3
2.1
2,200
7/13/08 1:00 – 4:00 4291 DOUGLAS WAY
$359,900
3
2
1,365
7/13/08 1:00-3:00 pm 19250 SW MAREE CT
$385,000
3
2.1
1,519
7/13/08 2-4pm 1210 WELLS ST
$450,000
5
3.1
4,494
7/13/08 2-4pm 5207 COVENTRY CT
$465,000
3
2
1,973
7/13/08 1pm-4pm 1716 HALLINAN ST
$489,000
3
3
1,916
7/13/08 12-2pm 20 El Greco
$499,000
4
3
2,425
7/13/08 1-3pm 1123 ERICKSON ST
$534,900
4
3
2,893
7/13/08 12-2 pm 1041 OXFORD DR
$535,000
4
3.1
2,712
7/13/08 2-4pm 3 MASARYK ST
$540,000
4
3
4,283
7/13/08 1-3pm 2584 PARK RD
$599,999
4
2
2,302
7/13/08 1:00-3:00 pm 2650 LOOKOUT CT
$639,900
4
3.1
3,480
7/13/08 1:30-3:30 41 HILLSHIRE DR
$640,900
4
3
2,670
7/13/08 2-4pm 1141 TROON RD
$747,500
4
3
2,522
7/12/08 1:00-3:00 pm 2704 ORCHARD HILL LN
$749,900
5
3
3,207
7/13/08 3-5pm 5441 DENTON DR
$799,500
4
2.1
3,335
7/13/08 1pm-4pm 2317 STONEHURST CT
$915,900
4
2.1
4,455
7/13/08 1:00-3:00 pm 412 8TH ST
$920,000
3
2.1
2,519
7/13/08 1-4pm 17433 BROOKHURST DR
$925,000
5
4.1
4,002
7/13/08 12-3pm 1606 BAY VIEW LN
$999,950
5
3.1
4,288
7/13/08 1PM-4PM 920 OAK TER
$1,049,950
4
2.1
3,467
7/13/08 1PM – 4PM 950 OAK TER
$1,159,950
4
2.1
3,714
7/13/08 1:00-3:00 pm 17464 RIDGEVIEW LN
$1,298,950
4
3.1
4,407
7/13/08 1:00-3:00 pm 622 OAK MEADOW DR
$1,325,000
4
3.1
4,171
7/13/08 1:00-3:00 pm 664 OAK MEADOW DR
$1,355,000
4
3.1
4,198
7/13/08 1:00-3:00 pm 17538 BROOKHURST DR
$1,450,000
4
5.1
5,451
7/13/08 1:00-3:00 pm 17433 RIDGEVIEW LN
$1,495,000
4
4.1
4,704
7/13/08 1-4pm 17951 MEADOWLARK LN
$1,599,000
4
3.2
5,065
7/13/08 3:30-5:30 13200 SW THOMA RD
$2,950,000
5
5.2
7,648

Please note, dates and times are subject to change without notice. This list may not contain ALL open houses in the city, but represent those that agents have publicized in the multiple listing service as of Friday afternoon. 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.