In Lake Oswego last week there were 14 new listings, 16 pending sales, and 10 closed sales.
See below for further details:
NEWLY LISTED (Sept. 26 to Oct. 2, 2011)
| Address | Type | Price | Sq FT | BR | Baths |
| 18914 Longfellow Ave | Detached | $235,000 | 1232 | 3 | 1.5 |
| 16212 Lake Forest Blvd | Detached | $249,000 | 1267 | 3 | 2 |
| 3500 Red Cedar Way | Detached | $250,000 | 1769 | 3 | 2 |
| 6263 Childs Rd | Detached | $279,900 | 1600 | 3 | 2 |
| 113 Touchstone | Attached | $289,000 | 1838 | 2 | 2.5 |
| 589 Ridgeway Rd | Detached | $450,000 | 1736 | 3 | 2 |
| 13880 Knaus Rd | Detached | $520,000 | 3532 | 4 | 3.5 |
| 17160 Kelok Rd | Detached | $549,900 | 4650 | 4 | 4 |
| 3811 Carman Dr | Detached | $580,000 | 3028 | 4 | 2 |
| 17952 Cardinal Dr | Detached | $599,999 | 1702 | 4 | 2 |
| 15633 Fieldstone Dr | Detached | $618,950 | 3047 | 4 | 2.5 |
| 17601 Woodhurst Pl | Detached | 699,000 | 3272 | 3 | 2.5+.5 |
| 4767 Dogwood Dr | Detached | $839,900 | 3964 | 4 | 2.5 |
| 12900 Fielding Rd | Detached | $4,395,000 | 7527 | 6 | 7.5 |
PENDING SALES (Sept 26 to Oct 2, 2011)
| Address | Type | Price | Sq Ft | BR | Baths | CDOM |
| 12 Crestfield Ct | Condo | $44,900 | 552 | 1 | 1 | 74 |
| 48 Eagle Crest Dr 3B | Condo | $134,900 | 1489 | 2 | 2 | 37 |
| 5064 Foothills Dr H | Condo | $185,000 | 1252 | 3 | 2 | 203 |
| 4760 Lower Dr | Detached | $229,900 | 2324 | 3 | 3 | 44 |
| 3305 Upper Dr | Detached | $299,999 | 1484 | 3 | 2 | 172 |
| 1286 Rockinghorse Ln | Detached | $309,000 | 1883 | 3 | 2.5 | 316 |
| 18715 Indian Creek Dr | Detached | $339,825 | 1976 | 3 | 2 | 244 |
| 1214 Hallinan Circle | Detached | $342,000 | 1748 | 3 | 2 | 7 |
| 17071 Rebecca Ln | Detached | $379,900 | 2230 | 4 | 3 | 129 |
| 4693 Lakeview Blvd | Detached | $429,950 | 2021 | 3 | 2 | 120 |
| 4729 Firwood Rd | Detached | $489,500 | 2594 | 3 | 2.5 | 127 |
| 18462 Anduin Terr | Detached | $524,900 | 2982 | 4 | 2.5 | 71 |
| 215 Chandler Pl | Detached | $895,000 | 3118 | 3 | 2.5 | 355 |
| 1066 Northshore Rd | Detached | $1,195,000 | 4224 | 4 | 5.5 | 239 |
| 1715 Edgecliff Terr | Detached | $1,295,000 | 4929 | 4 | 4.5 | 475 |
| 2936 Lakeview Blvd | Detached | $1,888,000 | 4179 | 5 | 3.5 | 120 |
SOLD (Sept 26 to Oct 2, 2011)
| Address | Orig. Price | Sold Price | Type | Sq Ft | CDOM |
| 4454 Thunder Vista Ln | $170,000 | $157,000 | Condo | 2060 | 158 |
| 16443 Lake Forest Blvd | $249,900 | $206,000 | Detached | 1474 | 47 |
| 5139 Tualata Ln | $257,900 | $262,000 | Detached | 1524 | 6 |
| 55 Northshore Rd #4 | $289,000 | $289,000 | Condo | 1554 | 18 |
| 17095 Rebecca Ln | $399,900 | $375,000 | Detached | 2350 | 84 |
| 19285 Megly Ct | $539,900 | $479,900 | Detached | 3275 | 203 |
| 605 4th St | $525,000 | $518,000 | Detached | 1880 | 30 |
| 5511 Fieldstone Ct | $638,950 | $615,000 | Detached | 3037 | 629 |
| 17460 Wren Ct | $995,900 | $850,000 | Detached | 3305 | 180 |
| 3328 Lakeview Blvd | $3,750,000 | $2,565,000 | Detached | 6675 | 471 |
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
Open Houses for October 2, 2011
Along with letting you know about the open houses scheduled for this Sunday, I want to share an a quick bit of wisdom. I am currently working with an investor who is doing a 1031 exchange following the passing of his parents who were first-generation immigrants. They came to this country, worked hard, and invested in real estate. With their passing, their children are now coming into a fairly substantial amount of money. Following their parents advice, they too are investing in real estate. Their parents words of wisdom: invest in what you can sweep.
Love it!
Here are the open houses to anticipate this Sunday. Have a great weekend.
| Address | Price | Bedrooms | Baths | Open |
| 1674 Fircrest Ct | $254,900 | 4 | 2 | 1 to 3:15 |
| 2125 Wembley Pl | $349,000 | 3 | 2.5 | 1 to 3 |
| 1875 Mapleleaf Rd | $389,500 | 4 | 2 | 11 to 1 |
| 312 4th St | $399,000 | 2 | 2.5 | 1 to 3 |
| 4671 Lakeview Blvd | $429,950 | 3 | 2 | 12 to 3 |
| 908 Cumberland Pl | $474,900 | 4 | 3 | 1 to 4 |
| 5428 Southwood Dr | $575,000 | 4 | 3 | 1 to 3 |
| 15633 Fieldstone Dr | $618,950 | 4 | 2.5 | 1 to 3 |
| 17997 Braeden Ct | $619,740 | 4 | 3 | 1 to 4 |
| 5533 Fieldstone Ct | $628,950 | 4 | 2.5 | 1 to 3 |
| 15622 Fieldstone Dr | $668,950 | 3 | 2.5 | 1 to 3 |
| 14231 Dolph Ct | $685,000 | 4 | 2 | 1 to 4 |
| 5604 Grand Oaks Dr | $689,000 | 5 | 3 | 1 to 4 |
| 14599 Fosberg Rd | $759,000 | 4 | 3.5 | 1 to 3 |
| 2311 Oswego Glen Ct | $899,999 | 4 | 4 | 12 to 2 |
| 17282 Lake Haven Dr | $1,199,000 | 4 | 2.5 | 1:30 to 4 |
Featrured Neighborhood: Bryant
There are 25 neighborhoods in Lake Oswego and today I want to focus on one in particular: Bryant. Bryant is found on the South side of the lake and is bounded by Upper Drive on the North, Southshore and Kelok roads on the East, Childs and Deerbrush roads on the South, and Pilkington on the West.
There is a small commercial commercial district that allows the neighborhood to enjoy 4 excellent restaurants. LaVang’s is an institution having been opened many years ago by a Vietnamese doctor who used the proceeds to support an orphanage in Vietnam. I am not sure if the connection to the orphanage still exists, but I can tell you that the good food has remained. It has wonderful Pho and amazing salad rolls. Deno’s Pizzeria has about the best caesar salad I have ever eaten. Pine Shed Ribs serves Santa Maria Style Barbeque. And the newest addition is Oliver’s which specializes in farm to table fresh ingredients with a Mexican flair.
There are currently 22 houses for sale. The least expensive house currently for sale was built in 1952 and is a bank foreclosure. It has 2324 square feet (928 is in an unfinished basement), 3 bedrooms and 3 full baths. It is listed for $229,900.
The most expensive house currently for sale is on a canal. It was built in 1985, is on nearly half an acre with 4 bedrooms and 2.5 baths, and is listed for $1,199,000.
25 homes have sold in the last 6 months. The low sale occurred on a mid-century modern home that was built in 1962. With 1700 square feet, 3 bedrooms and 2 baths, it was listed for $229,900. It sold in just 2 days for $209,400. The most expensive sale was a 1992 built home with a brick facade and 3-car garage on a cul-de-sac. It had 4 bedrooms, 2.5 baths. Listed for $850,000, it sold in 56 days for $750,000.
I think what I like about the Bryant neighborhood is how walkable it is. Relatively flat, you can walk to the swim park or to a good restaurant in 10 to 15 minutes. I don’t live in the Bryant neighborhood, but I do live close enough that I walk through it regularly. Lamont Springs Park is a personal favorite.
Please feel free to let Linda or myself know if we’ve peaked your curiosity and would like more information about homes in this area.
Dianne
Market Activity ~ Sept. 19-25, 2011
A bit of a September slowdown with 12 New properties entering the market, 8 in Pending status, and holding a steady line on sales activity with 10 marked as Sold during the last week according to RMLS.
See below for further details:
NEWLY LISTED (Sept. 19-25 2011)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 92 CERVANTES CIR 11E | $132,100 | 2 | 1.1 | 912 | CONDO |
| 6929 MONTAUK CIR | $134,900 | 2 | 1 | 968 | CONDO |
| 1214 HALLINAN CIR | $342,000 | 3 | 2 | 1748 | DETACHD |
| 4653 OAKRIDGE RD Lot 2 | $366,900 | 2 | 2.1 | 1738 | ATTACHD |
| 4793 AUBURN LN | $389,900 | 3 | 2.1 | 2083 | ATTACHD |
| 13254 FIELDING RD | $567,000 | 3 | 2.1 | 3248 | DETACHD |
| 816 9TH ST | $674,500 | 4 | 3.1 | 3033 | DETACHD |
| 4102 CHAD DR | $739,000 | 4 | 2.1 | 3054 | DETACHD |
| 16736 SYLVAN CT | $839,000 | 4 | 3 | 3914 | DETACHD |
| 14070 GOODALL RD | $920,000 | 4 | 3.2 | 4460 | DETACHD |
| 777 N SHORE RD | $1,350,000 | 3 | 3.1 | 3960 | DETACHD |
| 1799 ATHERTON DR | $1,400,000 | 5 | 5.1 | 6280 | DETACHD |
PENDING SALES (Sept 19-25, 2011)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 96 GALEN ST | $53,900 | 1 | 1.1 | 552 | CONDO | 11 |
| 3808 BOTTICELLI ST | $175,000 | 3 | 2 | 1203 | ATTACHD | 106 |
| 5225 Jean RD | $179,900 | 3 | 2 | 1400 | CONDO | 5 |
| 17839 TAMARA AVE | $257,500 | 3 | 1.1 | 1562 | DETACHD | 177 |
| 4675 OAKRIDGE RD Lot 3 | $369,900 | 3 | 2.1 | 1738 | ATTACHD | 112 |
| 1193 TROON RD | $395,000 | 3 | 2.1 | 2558 | DETACHD | 33 |
| 1991 GREENTREE RD | $399,999 | 3 | 3 | 2655 | DETACHD | 160 |
| 4681 TRILLIUM WOODS Lot 8 | $419,900 | 3 | 2.1 | 2135 | ATTACHD | 194 |
SOLD (Sept 19-25, 2011)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 3 Oswego Summit #17 | $87,000 | $74,000 | 1 | 1 | 764 | CONDO | 436 |
| 1400 BONNIEBRAE DR | $183,500 | $130,000 | 2 | 1 | 864 | ATTACHD | 436 |
| 12828 SW BOONES FERRY RD | $224,500 | $163,800 | 2 | 2.1 | 1136 | ATTACHD | 103 |
| 17635 DEEMAR WAY | $259,900 | $185,100 | 3 | 2 | 1488 | DETACHD | 136 |
| 18963 LONGFELLOW AVE | $299,900 | $233,000 | 3 | 1.1 | 1232 | DETACHD | 221 |
| 1094 ERICKSON ST | $449,888 | $280,000 | 4 | 3 | 2769 | DETACHD | 284 |
| 17653 SCHALIT WAY | $299,900 | $305,000 | 3 | 2 | 1463 | DETACHD | 10 |
| 5530 BAY CREEK DR | $499,900 | $435,000 | 4 | 2.1 | 2958 | DETACHD | 12 |
| 17981 MEADOWLARK LN | $529,900 | $500,000 | 3 | 2.1 | 3250 | DETACHD | 120 |
| 17503 CHERRY CT | $950,000 | $730,000 | 4 | 3.1 | 4200 | DETACHD | 219 |
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
Open Houses ~ Sept. 25, 2011
34 Beautiful Homes On Tour in Lake Oswego Sunday!
Maybe one of them is “the one” for you.
Here’s what’s going on according to RMLS:
| Address | L/Price | # Beds | # Baths | Total SF | Style | Open |
| 5054 FOOTHILLS DR H | $199,500 | 3 | 2 | 1252 | TOWNHM | 1-3PM |
| 5054 FOOTHILLS DR 69E | $200,000 | 3 | 2 | 1252 | TOWNHM | 1-3PM |
| 6016 BONITA RD | $229,999 | 4 | 2 | 1978 | DETACHD | 11AM -2PM |
| 16890 CORTEZ CT | $299,500 | 4 | 3 | 2016 | DETACHD | 1-3PM |
| 17350 KELOK RD | $325,000 | 3 | 1.1 | 1415 | DETACHD | 1-3PM |
| 755 5TH ST | $349,000 | 2 | 1 | 927 | DETACHD | 2-4PM |
| 18538 DEERBRUSH AVE | $409,900 | 4 | 3 | 2593 | DETACHD | 1-5PM |
| 1657 CAMPUS WAY | $425,000 | 4 | 3 | 2292 | DETACHD | 1-4PM |
| 962 COUNTRY COMMONS LN | $429,000 | 3 | 2 | 1832 | DETACHD | 1:30-4PM |
| 4671 Lakeview BLVD | $429,950 | 3 | 2 | 2061 | DETACHD | 2-4PM |
| 19487 SW DOGWOOD CT | $459,900 | 5 | 3 | 3105 | DETACHD | 1-5PM |
| 19521 SW DOGWOOD CT | $469,900 | 5 | 2.1 | 2953 | DETACHD | 1-5PM |
| 17177 CHAPIN WAY | $479,000 | 3 | 2 | 1764 | DETACHD | 1-3PM |
| 19333 SW DOGWOOD CT | $499,900 | 5 | 3 | 3234 | DETACHD | 1-5PM |
| 19475 DOGWOOD CT | $499,900 | 6 | 3 | 3302 | DETACHD | 1-5PM |
| 16925 DEPOT ST | $499,950 | 4 | 2.1 | 2631 | DETACHD | 2-4PM |
| 1278 HIDE A WAY LN | $549,000 | 4 | 2.1 | 2632 | DETACHD | 1-3PM |
| 5428 SOUTHWOOD DR | $575,000 | 4 | 3 | 3302 | DETACHD | 1-3PM |
| 17370 CANYON DR | $579,900 | 4 | 3.1 | 3408 | DETACHD | 1-4PM |
| 2011 RIDGEWOOD LN | $588,850 | 5 | 3.1 | 3012 | DETACHD | 12-2PM |
| 1828 PALISADES TERRACE DR | $599,000 | 4 | 2.1 | 3264 | DETACHD | 1-3PM |
| 629 IRON MOUNTAIN BLVD | $615,000 | 3 | 2 | 1988 | DETACHD | 1:30-4PM |
| 13020 KNAUS RD | $619,000 | 3 | 2.1 | 2545 | DETACHD | 1-3PM |
| 17997 BRAEDEN CT | $619,749 | 4 | 3 | 2984 | DETACHD | 1-4PM |
| 5533 FIELDSTONE CT | $628,950 | 4 | 2.1 | 3115 | DETACHD | 2:30-4:30PM |
| 15622 FIELDSTONE DR | $668,950 | 3 | 2.1 | 3113 | DETACHD | 2:30-4:30PM |
| 17110 LOWENBERG TER | $689,000 | 4 | 2.1 | 2732 | DETACHD | 1-3PM |
| 5604 GRAND OAKS DR | $689,000 | 5 | 3 | 3676 | DETACHD | 1-4PM |
| 2941 WESTVIEW CIR | $689,000 | 4 | 2.1 | 3075 | DETACHD | 1-4PM |
| 14070 GOODALL RD | $920,000 | 4 | 3.2 | 4460 | DETACHD | 2-4PM |
| 13600 GOODALL RD | $1,095,000 | 5 | 2.1 | 3111 | DETACHD | 2-4PM |
| 18024 SKYLAND CIR | $1,299,000 | 4 | 3.2 | 4131 | DETACHD | 12-2PM |
| 777 N SHORE RD | $1,350,000 | 3 | 3.1 | 3960 | DETACHD | 1-3PM |
| 18308 MEADOWLARK LN | $1,395,000 | 4 | 3.3 | 7341 | DETACHD | 1-3PM |
News & Notes
Dianne and I wish you the VERY BEST as we feel the seasons start to change. Enjoy all of it… every little bit!
Here are some Market Notes for you~
According to the RMLS Market Action Report for August 2011, the combined area of Lake Oswego and West Linn reported:
- 809 Active Listings
- 160 New Listings
- 106 Pending Sales
- 114 Closed Sales
- An average Sale Price of $449,200.
- Average Time on the Market: 167 Days
Market Activity Sept. 12-18, 2011
Last week in Lake Oswego there were 19 new listings, 13 houses that received accepted offers and went pending, and 4 closed sales.
See below for further details:
NEWLY LISTED (Sept. 12-18 2011)
| Address | Type | Price | Sq FT | BR | Baths |
| 86 Kingsgate Rd H102 | Condo | $64,900 | 849 | 2 | 2 |
| 4 Touchstone #65 | Condo | $119,900 | 1351 | 3 | 2.5 |
| 5225 Jean Rd 3308 | Condo | $179,900 | 1400 | 3 | 2 |
| 5733 Fernbrook Way | Detached | $235,000 | 1250 | 4 | 1.5 |
| 1641 Devon Ln | Detached | $239,900 | 2013 | 3 | 2.5 |
| 1127 Cedar St | Detached | $259,000 | 870 | 2 | 1 |
| 6438 Frost St | Detached | $365,000 | 2558 | 3 | 2.5 |
| 6450 Frost St | Detached | $395,000 | 2957 | 4 | 2.5 |
| 4 Hillshire Dr | Detached | $449,000 | 3084 | 4 | 2.5+.5 |
| 52 Condolea Ct | Condo | $485,000 | 2958 | 2 | 2.5 |
| 19475 Dogwood Ct | Detached | $499,900 | 3302 | 6 | 3 |
| 4 Juarez St | Detached | 520,000 | 3962 | 4 | 2.5 |
| 4120 Southshore Blvd | Detached | $525,000 | 2033 | 3 | 2 |
| 17370 Canyon Dr | Detached | $579,900 | 3408 | 4 | 3.5 |
| 1828 Palisades Terrace Dr | Detached | $599,000 | 3264 | 4 | 2.5 |
| Glenmorrie | Detached | $667,000 | 3196 | 3 | 4 |
| 14599 Fosberg Rd | Detached | $759,000 | 3453 | 4 | 3.5 |
| 19375 Eastside Rd | Detached | $799,000 | 4100 | 4 | 3.5 |
| 3122 Upper Dr | Detached | $1,075,000 | 3851 | 4 | 4 |
PENDING SALES (Sept 12-18, 2011)
| Address | Type | Price | Sq Ft | BR | Baths | CDOM |
| 4 Crestfield Ct | Condo | $84,900 | 923 | 2 | 1 | 42 |
| 4638 Lower Dr A2 | Condo | $99,000 | 1260 | 2 | 1.5 | 93 |
| 5325 Oakridge | Detached | $234,900 | 1191 | 4 | 2 | 106 |
| 3797 Lanewood St | Detached | $249,000 | 2560 | 3 | 1 | 126 |
| 1286 Rockinghorse Ln | Detached | $309,000 | 1883 | 3 | 2.5 | 302 |
| 17607 Arbor Ln | Detached | $315,000 | 1906 | 3 | 2 | 154 |
| 5011 Rosewood St | Detached | $345,000 | 1698 | 4 | 2 | 123 |
| 4734 Lakeview Blvd | Detached | $397,500 | 2787 | 3 | 1 | 155 |
| 19240 Megly Ct | Detached | $549,900 | 3633 | 5 | 3.5 | 145 |
| 5088 Woodcrest Ln | Detached | $619,900 | 3056 | 4 | 2.5 | 219 |
| 727 6th St | Detached | $679,900 | 2884 | 4 | 2 | 601 |
| 16828 Alder Circle | Detached | $1,099,000 | 2362 | 3 | 2 | 133 |
| 1066 Northshore Rd | Detached | $1,195,000 | 4224 | 4 | 5.5 | 227 |
SOLD (Sept 12-18, 2011)
| Address | Orig. Price | Sold Price | Type | Sq Ft | CDOM |
| 750 1st St D22 | $150,000 | $140,000 | Condo | 1350 | 82 |
| 17 Walking Woods Dr | $290,000 | $320,000 | Detached | 2915 | 55 |
| 19124 Megan Pl | $699,000 | $620,000 | Detached | 3584 | 104 |
| 5231 Denton Dr | $669,000 | $636,500 | Detached | 3031 | 75 |
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
Open Houses for Sunday, 9/18/11
There are 28 properties scheduled to be held open this Sunday. Enjoy.
| Address | Price | Bedrooms | Baths | Open |
| 16890 Cortez Ct | $299,500 | 4 | 3 | 2 to 4 |
| 2803 Orchard Hill Pl | $317,500 | 3 | 2.5 | 12 to 3 |
| 17071 Rebecca Ln | $379,900 | 4 | 3 | 1 to 4 |
| 1645 Aspen St | $419,999 | 3 | 2.5 | 12 to 2 |
| 4671 Lakeview Blvd | $429,950 | 3 | 2 | 2 to 4 |
| 19487 Dogwood Ct | $459,900 | 4 | 3 | 1 to 5 |
| 19521 Dogwood Ct | $469,900 | 5 | 2.5 | 1 to 5 |
| 31 Touchstone | $475,000 | 5 | 3 | 1 to 3 |
| 19333 Dogwood Ct | $499,900 | 5 | 3 | 1 to 5 |
| 19475 Dogwood Ct | $499,900 | 6 | 3 | 1 to 5 |
| 16925 Depot St | $499,950 | 4 | 2.5 | 2 to 4 |
| 5843 Ridgetop Ct | $499,950 | 4 | 3 | 1 to 3 |
| 18034 Westview Dr | $528,950 | 4 | 2.5 | 12 to 2 |
| 1278 Hide A Way Ln | $549,000 | 4 | 2.5 | 1:30 to 4 |
| 580 Weidman Ct | $599,000 | 5 | 3.5 | 1 to 3 |
| 1828 Palisades Terrace | $599,000 | 4 | 2.5 | 1 to 3 |
| 17997 Braeden Ct | $619,740 | 3 | 3 | 1 to 4 |
| 5533 Fieldstone Ct | $633,950 | 4 | 2.5 | 12 to 2 |
| 18009 Braeden Ct | $639,000 | 4 | 2.5 | 1 to 3 |
| 15622 Fieldstone Dr | $678,950 | 3 | 2.5 | 12 to 2 |
| 2941 Westview Circle | $689,000 | 4 | 2.5 | 2 to 4 |
| 5604 Grand Oaks Dr | $699,000 | 5 | 3 | 1 to 3 |
| 4076 Orchard Dr | $700,000 | 4 | 3.5 | 3 to 5 |
| 17090 Chapin Way | $839,000 | 4 | 3 | 12 to 3:30 |
| 17410 Upper Cherry Ln | $849,500 | 4 | 3.5+.5 | 1 to 4 |
| 17655 Kelok Rd | $949,500 | 3 | 2 | 1 to 3 |
| 1104 Forest Meadows Way | $1,495,000 | 4 | 3.5 | 2 to 4 |
| 112 Northshore Circle | $1,695,000 | 4 | 3.5+.5 | 1 to 5 |
Realtor 101
One of the most basic components of being a good Realtor is understand just who I work for. As I work with a client I find myself going back to this concept again and again. Let’s face it, a real estate transaction requires a tremendous amount of negotiation. For both the buyer and the seller, the sale is likely one of the largest and most important financial endeavors that they will do. So it has to be done right, and to their satisfaction. What I want has pretty much nothing to do with it.
So think about that. A Realtor is in a job where what they want is not important.
Fiduciary Duty
Fiduciary duty is the relationship that exists when one person puts faith and trust into another person to act on their behalf. Realtors have fiduciary duty to their clients. This is such an important element in real estate.
In a transaction I find myself thinking about my clients and their needs constantly. Will this be good for them? Will this help? Is this what they want? Often it means telling them hard information that I know will likely make them not want a house. It can mean causing a transaction to fail so that we go out and begin again. That is not necessarily good for me, but it is certainly good for my client. It’s the right thing to do.
Real Estate Agency
In Oregon we have buyer’s agents, seller’s agents, and dual agents. This was not always the case. Prior to about 1994, all Realtors worked for the seller. So even when I worked with buyers showing them houses, writing up an offer, and negotiating repairs, I was really working for the seller. It was strange.
The advent of buyer’s agency allowed Realtors to work exclusively for the buyer. This means that the Realtor who is a buyer’s agent is committed to the best interests of the buyer. It also allowed seller’s agents to do the same for the seller.
We also have what is called dual agency. This happens when a Realtor is working with a buyer who wants to buy one of that Realtors listings. In this circumstance, the Realtor would be representing both the buyer and the seller. This can only happen if both the buyer and the seller give their approval. The Fiduciary duty does not change. A dual agent must still maintain confidences about things like price and work to see to the best interests of both clients. This does not happen very often. I think in my 24 years as a Realtor I’ve done it half a dozen times.
Dual agency can also happen when a buyer’s agent sells a house that is listed by another Realtor in their office. This is because most Realtors do work in offices with multiple agents who are supervised by a Principal Broker. That Principal Broker reviews all of the paperwork of every transaction and offers supervision and guidance to the Realtors in that office. So the buyer’s agent and the seller’s agent remain just that, but the Principal Broker becomes a dual agent.
Please forgive me if this is all pretty dry. It’s the sort of thing that is not particularly exciting. But I think it is incredibly important and one of the backbones of my career.
Have a great day and thanks for reading the blotter.
Dianne
Market Activity ~ Sept. 5-11, 2011
There were 20 New properties entering the market, 19 in Pending status, and 7 marked as Sold during the last week according to RMLS.
See below for further details:
NEWLY LISTED (Sept. 5-11 2011)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 96 GALEN ST | $53,900 | 1 | 1.1 | 552 | CONDO |
| 450 S STATE ST | $119,000 | 2 | 1 | 800 | CONDO |
| 4 TOUCHSTONE 123 | $129,950 | 3 | 2.1 | 1351 | CONDO |
| 200 BURNHAM RD | $149,000 | 1 | 1 | 948 | CONDO |
| 5054 FOOTHILLS DR H | $199,500 | 3 | 2 | 1252 | CONDO |
| 4752 REMBRANDT LN | $288,900 | 3 | 2.1 | 1516 | DETACHD |
| 1764 CONIFER DR | $319,900 | 3 | 1 | 1200 | DETACHD |
| 1639 WORTHINGTON ST | $350,000 | 4 | 3 | 1920 | DETACHD |
| 2545 ORCHARD HILL LN | $365,000 | 3 | 2 | 2160 | DETACHD |
| 17040 FERNWOOD DR | $369,000 | 3 | 2 | 1919 | DETACHD |
| 1645 ASPEN ST | $419,999 | 3 | 2.1 | 1916 | DETACHD |
| 4527 TRILLIUM WOODS Lot 15 | $441,150 | 3 | 2.1 | 2211 | ATTACHD |
| 908 CUMBERLAND PL | $474,900 | 4 | 3 | 2715 | DETACHD |
| 2 MORNINGVIEW CIR | $485,000 | 3 | 2.1 | 2954 | DETACHD |
| 2834 GLENMORRIE DR | $499,000 | 3 | 2.1 | 2459 | DETACHD |
| 15564 VILLAGE DR | $749,000 | 3 | 2.1 | 3249 | DETACHD |
| 4011 WESTBAY RD | $950,000 | 5 | 3.1 | 4518 | DETACHD |
| 13877 AMBERWOOD CIR | $999,000 | 4 | 2.1 | 3949 | DETACHD |
| 13701 GOODALL RD | $1,899,000 | 4 | 4.1 | 6028 | DETACHD |
| 1500 NORTHSHORE RD | $11,600,000 | 5 | 6.2 | 13462 | DETACHD |
PENDING SALES (Sept 5-11, 2011)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 3676 SPRING LN 2C | $139,900 | 2 | 2.1 | 1762 | CONDO | 36 |
| 72 GREENRIDGE CT | $150,000 | 3 | 3 | 1825 | ATTACHD | 288 |
| 4473 GOLDEN LN | $155,000 | 2 | 2.1 | 1980 | CONDO | 320 |
| 16443 INVERURIE RD | $180,000 | 4 | 2 | 1480 | DETACHD | 9 |
| 4760 LOWER DR | $229,900 | 3 | 3 | 2324 | DETACHD | 21 |
| 55 NORTHSHORE RD | $289,000 | 1 | 1 | 1554 | CONDO | 18 |
| 4677 OAKRIDGE RD Lot 04 | $369,900 | 3 | 2.1 | 1738 | ATTACHD | 97 |
| 1736 PALISADES TERRACE DR | $399,000 | 4 | 3.1 | 3079 | DETACHD | 70 |
| 14 HOTSPUR ST | $399,000 | 4 | 2.1 | 2626 | DETACHD | 5 |
| 3601 WREN ST | $399,900 | 3 | 2.1 | 2220 | DETACHD | 154 |
| 18207 WESTMINSTER DR | $409,900 | 4 | 2.1 | 2258 | DETACHD | 24 |
| 5842 MEADOWCREEK CT | $449,900 | 3 | 2.1 | 2309 | DETACHD | 7 |
| 5686 CHARLES CIR | $499,900 | 4 | 3 | 3246 | DETACHD | 6 |
| 19285 MEGLY CT | $509,900 | 5 | 3 | 3275 | DETACHD | 203 |
| 4184 Sunset DR | $529,000 | 5 | 3 | 2932 | DETACHD | 164 |
| 19 JUAREZ ST | $550,000 | 3 | 2.1 | 3584 | DETACHD | 190 |
| 5511 FIELDSTONE CT | $623,950 | 4 | 2.1 | 3037 | DETACHD | 629 |
| 556 5TH ST | $659,000 | 3 | 3.1 | 2166 | ATTACHD | 208 |
| 1633 MAPLE ST | $799,000 | 3 | 3 | 3448 | DETACHD | 161 |
SOLD (Sept 5-11, 2011)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 15380 TWIN FIR RD | $339,900 | $315,000 | 3 | 3 | 1865 | DETACHD | 44 |
| 5795 LANGFORD LN | $349,500 | $334,000 | 2 | 2 | 1687 | DETACHD | 9 |
| 18927 KRISTI WAY | $424,000 | $424,000 | 4 | 2 | 2943 | DETACHD | 13 |
| 17267 KELOK RD | $599,900 | $560,000 | 3 | 2 | 2340 | DETACHD | 40 |
| 4158 CASEY CT | $719,000 | $689,500 | 4 | 2.1 | 3385 | DETACHD | 392 |
| 2811 ARROWHEAD CT | $1,250,000 | $880,000 | 4 | 3.1 | 3740 | DETACHD | 419 |
| 2735 GLEN EAGLES RD | $1,098,000 | $975,000 | 3 | 3.1 | 2950 | DETACHD | 85 |
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