Market activity in Lake Oswego last week brought us 19 new listings, 7 pending sales, and 6 closed sales.
See below for further details:
NEWLY LISTED (Oct 4-Oct 10, 2010)
| Address | List Price | Bedrooms | Baths | Sq feet | Prop Type | ||
| 668 MCVEY AVE | $129,900 | 2 | 1.5 | 992 | CONDO | ||
| 159 OSWEGO SMT | $175,000 | 2 | 2 | 1,506 | CONDO | ||
| 1416 CHERRY CREST DR | $259,000 | 5 | 3 | 2,559 | DETACHD | ||
| 14138 KNAUS RD | $296,573 | 4 | 2 | 2,001 | DETACHD | ||
| 53 ORIOLE LN | $304,900 | 3 | 2.5 | 2,072 | DETACHD | ||
| 17952 Cardinal DR | $309,900 | 3 | 2 | 1,702 | DETACHD | ||
| 743 10th ST | $325,000 | 2 | 1 | 1,019 | DETACHD | ||
| 5311 CHILDS RD | $349,000 | 4 | 2 | 1,764 | DETACHD | ||
| 28 PREAKNESS CT | 350000 | 5 | 4 | 2,871 | DETACHD | ||
| 72 CONDOLEA WAY | 375000 | 2 | 2.5 | 2,958 | CONDO | ||
| 880 BOCA RATAN DR | 399900 | 5 | 3 | 2,364 | DETACHD | ||
| 5916 SUNBROOK DR | 459900 | 3 | 2.5 | 2,617 | DETACHD | ||
| 1189 SUNNINGDALE CT | 484900 | 3 | 2.5 | 2,072 | DETACHD | ||
| 18064 JENIFERS WAY | 549950 | 3 | 2.5 | 2,639 | DETACHD | ||
| 22 SW DEL PRADO ST | 559900 | 5 | 3.5 | 4,056 | DETACHD | ||
| 5371 LANGFORD LN | 694950 | 4 | 2.5 | 2,950 | DETACHD | ||
| 18094 PILKINGTON RD | 739950 | 3 | 3.5 | 3,505 | DETACHD | ||
| 5087 LAKEVIEW BLVD | 749000 | 4 | 2.5 | 3,200 | DETACHD | ||
| 4256 LAKEVIEW BLVD | 1095000 | 4 | 3.5 | 3,117 | DETACHD |
PENDING SALES (Oct 4-Oct 10, 2010)
| Address | List Price | Bedrooms | Baths | Sq feet | Prop Type | ||
| 44 CRESTFIELD CT | $75,000 | 2 | 1 | 923 | CONDO | ||
| 86 KINGSGATE RD | $94,900 | 2 | 2 | 924 | ATTACHD | ||
| 15139 QUARRY RD | $224,900 | 3 | 2 | 1,328 | DETACHD | ||
| 5160 TUALATA LN | $304,900 | 3 | 2 | 1,470 | DETACHD | ||
| 1740 YARMOUTH CIR | $510,000 | 2 | 2.5 | 1,960 | DETACHD | ||
| 13596 STREAMSIDE DR | $579,900 | 4 | 2.5 | 3,430 | DETACHD | ||
| 2811 ARROWHEAD CT | $1,000,000 | 4 | 3.5 | 3,740 | DETACHD | ||
SOLD (Oct 4-Oct 10, 2010)
| Address | Original Price | Closed Price | BD/BATH | Sq feet | Prop Type | CDOM | ||
| 6125 FERNBROOK ST | $264,999 | $230,000 | 3/1.5 | 1,271 | DETACHD | 180 | ||
| 1684 BOCA RATAN DR | $248,900 | $240,000 | 3/2.0 | 1,611 | ATTACHD | 531 | ||
| 17683 ARBOR LN | $339,900 | $305,000 | 3/2.0 | 1,946 | DETACHD | 70 | ||
| 875 LEE ST | $378,900 | $345,500 | 3/2.0 | 2,200 | DETACHD | 483 | ||
| 2329 STONEHURST CT | $539,900 | $530,000 | 4/3.0 | 3,275 | DETACHD | 12 | ||
| 5700 CHILDS RD | $749,900 | $749,900 | 4/2.5 | 2,865 | DETACHD | 98 | ||
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 10/10/10
There certainly is a feeling of devine moment when the date is 10/10/10. Not sure exactly how or in what way, but it has a nice ring to it. Perhaps it’s the day that you are meant to find a house?
The RMLS has 15 homes promoted as open houses tomorrow. Enjoy the day!
| Address | Open | Price | Bedrooms | Baths | |
| 1400 Bonniebrae Dr | 1 to 3 | $169,500 | 2 | 1 | |
| 5713 SW Kenny St | 10 to 1 | $279,900 | 3 | 2 | |
| 1899 Woodland Terrace | 1 to 3 | $369,000 | 3 | 3.5 | |
| 252 N. Shore | 1 to 3 | $369,000 | 3 | 1 | |
| 2697 Lookout Ct | 2 to 4 | $429,000 | 3 | 2 | |
| 14466 Holly Springs Rd | 2 to 4 | $449,900 | 5 | 3 | |
| 12 Scarborough Dr | 1 to 4 | $499,900 | 4 | 2.5 | |
| 17930 Meadowlark Ln | 1 to 3 | $539,900 | 4 | 4 | |
| 4120 Southshore Blvd | 1 to 3 | 596,500 | 3 | 2 | |
| 15915 Waluga Dr | 1:30 to 3:30 | 598,950 | 3 | 2.5 | |
| 1785 Palisades Terrace Dr | 1 to 3 | 749,900 | 5 | 4.5 | |
| 17884 Kelok Rd | 1:30 to 4 | 774,000 | 5 | 3.5 | |
| 17896 Kelok Rd | 1:30 to 4 | 774,000 | 5 | 5 | |
| 18209 Siena Dr | 2:30 to 5 | 1,097,000 | 5 | 3.5 | |
| 1808 Ridge Pointe Dr | 2:30 to 5 | 1,269,000 | 5 | 4.5 |
A Sight Rarely Seen
The water level draw down of the lake is nearly complete and the sight is really something interesting. This draw down has happened to allow access to the bottom of the lake for installing the new city sewer line. The lake should be refilled by the time school lets out next June: in plenty of time for summer fun. In the mean time, it is just really something to see.
A word of caution: don’t be tempted to go out and walk on the lake. The soil is pretty much loose silt. One person has already had to be rescued: a construction worker who sank up to his arms. Take care also with your pets.
Market Activity ~ Sept 27-Oct 3, 2010
Market activity last week brought Lake Oswego 10 new listings, 9 pending sales, and 12 closed sales according to RMLS.
See below for further details:
NEWLY LISTED (Sept 27-Oct 3, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 44 CRESTFIELD CT | $75,000 | 2 | 1 | 923 | CONDO |
| 572 S STATE ST #8C | $180,000 | 2 | 1 | 914 | CONDO |
| 5054 FOOTHILLS DR #69E | $215,000 | 3 | 2 | 1252 | CONDO |
| 44 ORIOLE LN | $270,000 | 4 | 2.1 | 2224 | DETACHD |
| 3541 RED CEDAR WAY | $404,900 | 3 | 3 | 1963 | DETACHD |
| 17890 KELOK RD | $417,900 | 4 | 2.1 | 3095 | DETACHD |
| 4978 MULHOLLAND DR | $419,000 | 3 | 2.1 | 2498 | ATTACHD |
| 135 5th ST | $539,900 | 4 | 1 | 2200 | DETACHD |
| 17606 WOODHURST PL | $598,000 | 5 | 3.1 | 4488 | DETACHD |
| 15578 VILLAGE DR | $799,000 | 3 | 2.1 | 3630 | DETACHD |
PENDING SALES (Sept 27-Oct 3, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 79 GALEN ST | $69,900 | 2 | 2 | 995 | CONDO | 35 |
| 668 MCVEY AVE #54 | $140,000 | 3 | 1.1 | 992 | CONDO | 5 |
| 2 MOUNTAIN CIR | $160,000 | 2 | 1.1 | 1504 | ATTACHD | 21 |
| 6447 MCEWAN RD | $169,900 | 2 | 1 | 912 | DETACHD | 115 |
| 6173 WASHINGTON CT | $314,000 | 3 | 2 | 1440 | DETACHD | 10 |
| 1462 GREENTREE CIR | $389,900 | 4 | 2.1 | 2507 | DETACHD | 138 |
| 571 2ND ST #307 | $631,000 | 2 | 2 | 1561 | CONDO | |
| 16461 CHAPIN WAY | $749,900 | 4 | 2.1 | 4271 | DETACHD | 488 |
| 3151 DOUGLAS CIR | $1,185,000 | 5 | 4.2 | 4400 | DETACHD | 125 |
SOLD (Sept 27-Oct 3, 2010)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 512 S STATE ST | $129,900 | $90,000 | 1 | 1 | 829 | CONDO | 106 |
| 510 S STATE ST | $117,500 | $95,100 | 1 | 1 | 829 | CONDO | 58 |
| 16790 LAKE FOREST BLVD | $155,000 | $120,000 | 2 | 1 | 780 | DETACHD | 32 |
| 4201 COLLINS WAY | $279,000 | $278,000 | 3 | 2 | 1230 | DETACHD | 53 |
| 15265 BOONES WAY | $324,500 | $300,000 | 2 | 2.1 | 1560 | ATTACHD | 21 |
| 4664 FIRWOOD RD | $379,900 | $347,900 | 3 | 2 | 1640 | DETACHD | 53 |
| 231 LAUREL ST | $425,000 | $388,000 | 3 | 3 | 2244 | DETACHD | 119 |
| 17778 MARYLCREEK DR | $459,900 | $400,000 | 3 | 2.1 | 2741 | DETACHD | 49 |
| 325 3RD ST | $499,900 | $441,500 | 2 | 2.1 | 1937 | ATTACHD | 189 |
| 15 SCARBOROUGH DR | $549,000 | $494,000 | 5 | 3.1 | 3310 | DETACHD | 58 |
| 1050 Schukart LN | $599,000 | $561,015 | 3 | 3.1 | 5847 | DETACHD | 207 |
| 17281 KELOK RD | $1,195,000 | $845,000 | 3 | 3 | 2682 | DETACHD | 370 |
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 ~ Oct. 3, 2010
There are 31 properties to be held Open Sunday in Lake Oswego according to RMLS (detail below).
I’ll be holding two of my listings Open in one day… so you’ll see me running around town with my flashers on picking up and placing signs 
from the trunk of my car trying to bi-locate : ) Dianne and I LOVE to meet our Property Blotter readers, so please stop by and say “Hello” !
I’ll be at 4840 Lamont Way (By Lakeview & Bryant) from 11AM till 1:30PM.
This is a really cute Remodeled Cottage on a very Large & Private .23 acre lot in an Awesome Location very near the Lake, Waluga and Bryant Elem. 3 Bd, 2 Full Baths 1793 SF… much larger than it looks from outside… Generous Bedrooms and a detached Studio? Shop? Office? that is not included in the square footage. Metal Roof, All New Carpet, Hardwoods in Fam Rm, Additions with Rejuvenation touches to match era, Remodeled Kitchen too + Sunroom Dining $335,000.
I’ll be at 979 Devon Lane (McVey to Cornell, up hill, Left at Larch, Right at Oxford, Left at Devon Lane) from 2 till 4:30 PM.
What a gorgeous hilltop home! Brand new listing. Near Hallinan Elem and LakeRidge HS. Talk about views… this one has Sweeping Panoramic Views including Mt Hood from a wall of windows. Hardwoods, Granite, SubZero, Vaulted Ceilings, Decks including Private Master Deck w/Hot Tub, New Ht Pump, New Gutter Filter System, & on & on. Even has an Apartment with separate entrance! & Basement with insulation & sliders that is not included in square footage but could be a shop, studio, family room (add a deck outside sliders?) or 
storage… tons of potential. 4 Bedrooms including the Apartment, and 3 1/2 Baths. $457,000. (!!!) Check comparable values. If you’re interested you’d better take a look now : )
There is a lot to see in Lake Oswego, and it should be a great day for touring. Hope to see you! Here you go:
| Address | L/Price | # Beds | # Baths | Total SF | Style | Time |
| 4000 CARMAN DR #85 | $124,900 | 2 | 2 | 834 | CONDO | 1-4PM |
| 4081 JEFFERSON PKWY | $205,000 | 2 | 2.1 | 1618 | TOWNHSE | 12-3PM |
| 18430 PILKINGTON RD | $239,900 | 3 | 1.1 | 1029 | DETACHD | 2:30-4:30PM |
| 6062 BURMA RD | $269,987 | 4 | 2 | 1875 | DETACHD | 1-4PM |
| 5713 SW KENNY ST | $279,900 | 3 | 2 | 1384 | DETACHD | 2-4PM |
| 4840 LAMONT WAY | $335,000 | 3 | 2 | 1793 | DETACHD | 11-1:30PM |
| 662 CLARA CT | $399,900 | 3 | 3 | 2740 | DETACHD | 12-3PM |
| 2602 ORCHARD HILL PL | $409,900 | 3 | 2.1 | 2568 | DETACHD | 1-3PM |
| 979 DEVON LN | $457,000 | 4 | 3.1 | 2162 | DETACHD | 2-4:30PM |
| 326 LAKE BAY CT | $474,900 | 3 | 2 | 1400 | DETACHD | 1-3pM |
| 12 SCARBOROUGH DR | $499,900 | 4 | 2.1 | 2892 | DETACHD | 1-4PM |
| 19319 SW DOGWOOD CT | $499,900 | 4 | 2.1 | 3105 | DETACHD | 1-5PM |
| 19415 SW DOGWOOD CT | $519,900 | 5 | 3 | 3517 | DETACHD | 1-5PM |
| 4398 GLACIER LILY ST | $535,000 | 4 | 2.1 | 2936 | DETACHD | 3-5PM |
| 19263 MEGLY CT | $559,900 | 5 | 3 | 3213 | DETACHD | 1-5PM |
| 19245 SW MEGLY CT | $569,900 | 5 | 3 | 3490 | DETACHD | 1-5PM |
| 5705 SOUTHWOOD DR | $575,000 | 4 | 2.1 | 3360 | DETACHD | 1-3PM |
| 13596 STREAMSIDE DR | $579,900 | 4 | 2.1 | 3430 | DETACHD | 1-4PM |
| 17981 MEADOWLARK LN | $584,900 | 3 | 2.1 | 3250 | DETACHD | 12-3PM |
| 15915 WALUGA DR | $598,950 | 3 | 2.1 | 2939 | DETACHD | 1:30-3:30PM |
| 5 CELLINI CT | $697,000 | 5 | 3.1 | 4895 | DETACHD | 1-3PM |
| 5321 AMBERWOOD CT | $709,000 | 4 | 3 | 3315 | DETACHD | 2-4PM |
| 1015 SOUTHSHORE BLVD | $717,000 | 4 | 3 | 3542 | DETACHD | 12-1:45PM |
| 649 9TH ST | $767,500 | 3 | 2.1 | 2812 | DETACHD | 1-3PM |
| 5320 SOUTHWOOD DR | $779,000 | 4 | 3 | 3646 | DETACHD | 3-5PM |
| 17301 CANAL CIR | $799,000 | 3 | 2.1 | 1812 | DETACHD | 12:30-2:30PM |
| 17896 KELOK RD | $799,000 | 5 | 5 | 4323 | DETACHD | 2:30-4PM |
| 17884 KELOK RD | $799,000 | 5 | 3.1 | 4124 | DETACHD | 2:30-4PM |
| 4018 COHO LN | $1,045,500 | 4 | 4.1 | 4777 | DETACHD | 1-4PM |
| 18209 SIENA DR | $1,097,000 | 5 | 3.1 | 3839 | DETACHD | 1-4PM |
| 1808 RIDGE POINTE DR | $1,269,000 | 5 | 4.1 | 4155 | DETACHD | 1-4PM |
News & Notes
About Town:
- What would YOU lock in the vault? That is what the city of Lake Oswego is asking residents. On 10/10/10 the city will culminate the celebration of its Centennial with the burial of a time capsule. Submission of ideas are due by 9/30 HERE.
- The Foothills Dock is now open! Ribbon cutting is set for… tonight! 9/30 at 5:30PM.
- Dianne has given you a heads-up regarding the Lake Draw-Down. The draw-down will be 22 feet according to the city’s site. We’re warned of increased truck traffic during this time. Refill will begin in January, 2011 and continue until May. Here is a link which includes videos & information on what the lake will look like during the draw-down.
- October 16 marks this year’s “Neighbors Helping Neighbors” event. If you would like to contribute your time to helping with yard work, tree & shrub removal, trimming and more… or if you need help yourself, please call: 503 635 0257, or visit the site HERE.
Mortgage Updates from Pat Goodell of Academy Mortgage:
- Fannie, Freddie and FHA have come out with new condo guidelines that are meant to make it easier for condos to be approved, and for buyers to be able to purchase a condo.
- FHA will be changing the allowable amount sellers can pay for closing costs/pre-paids. Currently at 6% and will go to 3% — no date set but expected by the first of the year.
Enjoy that summertime weather for the next few days! It should be great for touring homes on Sunday. I’ll be holding two of my listings Open in Lake Oswego on Sunday…. come & say hi! More on that & the rest of the Open Houses for you on Saturday.
Market Activity Sept. 20-26, 2010
Last week brought 19 new listings onto the market, 11 pending sales, and 11 closed sales.
There is a new listing worth getting excited about. It’s a condo right on the lake at the East end off of McVey. It was previously listed for $549,000, and is now a foreclosure listed for $140,000. Seriously, waterfront for $140,000. My guess is that the bank who now owns it knows that with the lake level lowered right now for the sewer replacement project, they know it will not show well. But if you are willing to look at a mud bog until next summer when the lake is refilled, you could get yourself one screaming deal. It’s just 992 square feet, with 3 bedrooms and 1 1/2 baths. Give Linda or myself a call if you want more info.
In the mean time, here is last week’s report.
See below for further details.
NEWLY LISTED (Sept 20-26, 2010)
| Address | List Price | Bedroom | Baths | Sq Feet | Prop Type | ||
| 44 EAGLE CREST DR | $100,000 | 2 | 1 | 908 | CONDO | ||
| 668 MCVEY AVE | $140,000 | 3 | 1.5 | 992 | CONDO | ||
| 4085 JEFFERSON PKWY | $168,900 | 2 | 2.5 | 1,851 | CONDO | ||
| 10 ORIOLE LN | $299,500 | 3 | 2 | 1,654 | DETACHD | ||
| 6173 WASHINGTON CT | $314,000 | 3 | 2 | 1,440 | DETACHD | ||
| 16026 PARKER RD | $330,000 | 3 | 1 | 1,620 | DETACHD | ||
| 4260 SOUTHSHORE BLVD | $349,000 | 2 | 2 | 1,268 | DETACHD | ||
| 106 KINGSGATE RD | $349,900 | 3 | 2.5 | 1,669 | DETACHD | ||
| 2602 ORCHARD HILL PL | 409900 | 3 | 2.5 | 2,568 | DETACHD | ||
| 17187 CARLSON CT | 435000 | 4 | 3 | 2,082 | DETACHD | ||
| 979 DEVON LN | 457000 | 4 | 3.5 | 2,162 | DETACHD | ||
| 2250 PARK RD | 499000 | 3 | 2 | 2,072 | DETACHD | ||
| 19263 MEGLY CT | 559900 | 5 | 3 | 3,213 | DETACHD | ||
| 17981 MEADOWLARK LN | 584900 | 3 | 2.5 | 3,250 | DETACHD | ||
| 5975 NEWCASTLE DR | 649000 | 4 | 2.5 | 3,339 | DETACHD | ||
| 1969 PALISADES TERRACE DR | 775000 | 4 | 2.5 | 3,930 | DETACHD | ||
| 312 9th ST | 782850 | 4 | 2.5 | 2,640 | DETACHD | ||
| 453 9th ST | 797950 | 4 | 3.5 | 2,859 | DETACHD | ||
| 3030 Childs RD | 999950 | 5 | 4.5 | 7,076 | DETACHD |
PENDING SALES (Sept 20-26, 2010)
| Address | List Price | Bedrooms | Baths | Sq Feet | Prop Type | ||
| 200 BURNHAM RD | $149,000 | 2 | 2 | 1,335 | CONDO | ||
| 18462 DON LEE WAY | $179,900 | 4 | 2 | 1,904 | DETACHD | ||
| 16200 PACIFIC HWY | $184,900 | 2 | 2 | 1,190 | CONDO | ||
| 1070 HALLINAN | $321,000 | 3 | 1.5 | 1,653 | DETACHD | ||
| 32 CHURCHILL DOWNS | $379,900 | 4 | 2.5 | 3,016 | DETACHD | ||
| 1000 ATWATER RD | $389,900 | 4 | 3 | 2,200 | DETACHD | ||
| 17491 BLUE HERON DR | $459,900 | 4 | 2 | 2,396 | DETACHD | ||
| 230 4TH ST | $475,000 | 3 | 3 | 2,165 | DETACHD | ||
| 13143 VERMEER DR | 499000 | 3 | 2.5 | 2,288 | DETACHD | ||
| 14246 KIMBERLY CIR | 615000 | 4 | 2.5 | 3,520 | DETACHD | ||
| 844 5TH ST | 829000 | 3 | 3 | 2,590 | DETACHD |
SOLD (Sept 20-26, 2010)
| Address | Orig. Price | Close Price | CDOM | Sq Feet | Prop Type | |||
| 6011 SHAKESPEARE ST | $195,000 | $196,000 | 1 | 1,318 | DETACHD | |||
| 5060 FOOTHILLS DR | $229,500 | $210,000 | 32 | 1,252 | CONDO | |||
| 18929 INDIAN SPRINGS RD | $324,900 | $324,900 | 7 | 3,380 | DETACHD | |||
| 595 6TH ST | $349,000 | $349,000 | 3 | 893 | DETACHD | |||
| 19 FALSTAFF ST | $500,000 | $405,000 | 169 | 3,207 | DETACHD | |||
| 19451 SW DOGWOOD CT | $559,900 | $527,900 | 104 | 3,547 | DETACHD | |||
| 577 2ND ST | $595,000 | $535,000 | 211 | 1,459 | CONDO | |||
| 3030 WESTVIEW CT | $859,000 | $727,500 | 677 | 3,415 | DETACHD | |||
| 5288 DENTON DR | $759,000 | $739,000 | 62 | 3,240 | DETACHD | |||
| 3540 RED CEDAR WAY | $919,000 | $740,000 | 177 | 4,100 | DETACHD | |||
| 1318 HORSESHOE CURV | $1,275,000 | $1,090,000 | 165 | 3,554 | DETACHD |
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 9/26/2010
This first weekend of fall is supposed to be beautiful. A perfect time to go and explore these 27 open houses.
| Time | L/Price | Address | Bdrms | Total Bath | Total SF | ||||||||||||||||
| 01:00pm – 03:00pm | $169,500 | 1400 BONNIEBRAE DR | 2 | 1 | 864 | ||||||||||||||||
| 01:00pm – 03:00pm | $329,000 | 16090 SW KIMBALL AVE | 4 | 1.1 | 2276 | ||||||||||||||||
| 02:30pm – 04:30pm | $389,000 | 1899 WOODLAND TER | 3 | 3.1 | 3031 | ||||||||||||||||
| 01:00pm – 03:00pm | $389,900 | 1462 GREENTREE CIR | 4 | 2.1 | 2507 | ||||||||||||||||
| 02:00pm – 04:00pm | $399,900 | 6666 CHILDS RD | 3 | 1 | 2073 | ||||||||||||||||
| 01:00pm – 03:00pm | $409,900 | 2602 ORCHARD HILL PL | 3 | 2.1 | 2568 | ||||||||||||||||
| 12:00pm – 02:00pm | $429,000 | 2697 LOOKOUT CT | 3 | 2 | 2219 | ||||||||||||||||
| 01:00pm – 03:00pm | $469,900 | 17055 CRESTVIEW DR | 5 | 3 | 2575 | ||||||||||||||||
| 11:30am – 01:30pm | $474,900 | 326 LAKE BAY CT | 3 | 2 | 1400 | ||||||||||||||||
| 12:00pm – 02:00pm | $475,000 | 17944 TUALATA AVE | 5 | 3 | 2325 | ||||||||||||||||
| 01:00pm – 03:00pm | $475,000 | 273 EVERGREEN RD | 3 | 3.1 | 1789 | ||||||||||||||||
| 01:00pm – 05:00pm | $499,900 | 19319 SW DOGWOOD CT | 4 | 2.1 | 3105 | ||||||||||||||||
| 01:00pm – 03:00pm | $499,900 | 10 HILLSHIRE DR | 4 | 3 | 3152 | ||||||||||||||||
| 01:00pm – 03:00pm | $519,000 | 2 MORNINGVIEW CIR | 3 | 2.1 | 2954 | ||||||||||||||||
| 01:00pm – 05:00pm | $519,900 | 19415 SW DOGWOOD CT | 5 | 3 | 3517 | ||||||||||||||||
| 01:00pm – 05:00pm | $569,900 | 19245 SW MEGLY CT | 5 | 3 | 3490 | ||||||||||||||||
| 01:30pm – 03:30pm | $598,950 | 15915 WALUGA DR | 3 | 2.1 | 2939 | ||||||||||||||||
| 01:00pm – 03:00pm | $619,500 | 3943 TEMPEST DR | 4 | 2.1 | 3714 | ||||||||||||||||
| 02:00pm – 04:00pm | $629,000 | 133 FURNACE ST | 2 | 2.1 | 1927 | ||||||||||||||||
| 01:00pm – 03:00pm | $649,000 | 14370 PFEIFER DR | 4 | 2.1 | 3318 | ||||||||||||||||
| 12:00pm – 03:00pm | $749,900 | 2469 MARYLHAVEN PL | 4 | 3.2 | 5582 | ||||||||||||||||
| 02:30pm – 04:30pm | $799,000 | 4158 CASEY CT | 4 | 2.1 | 3385 | ||||||||||||||||
| 01:00pm – 03:00pm | $1,097,000 | 18209 SIENA DR | 5 | 3.1 | 3839 | ||||||||||||||||
| 01:00pm – 03:00pm | $1,194,000 | 18246 BELLA TERRA DR | 4 | 3.1 | 4196 | ||||||||||||||||
| 01:00pm – 03:00pm | $1,269,000 | 1808 RIDGE POINTE DR | 5 | 4.1 | 4155 | ||||||||||||||||
| 12:00pm – 03:00pm | $1,665,000 | 18024 SKYLAND CIR | 4 | 3.2 | 4131 | ||||||||||||||||
| 01:00pm – 03:00pm | $2,050,000 | 2572 GLEN EAGLES PL | 5 | 4.2 | 6490 |
Home Warranties
Home Warranties have become increasingly popular in real estate transactions. This is for several reasons. First, it gives home buyers some assurance that during the first year of ownership, after they have already financially spent so much money buying the house, they are not going to be caught by surprise with unexpected repair expenses. Second, for sellers it gives them some assurance that their buyer will be happy in the first year of ownership. Statistically homes sold with warranties have a much lower rate of post-sale litigation. And, third, Realtors like warranties pretty much for the same reason that sellers do. Happy buyers are the goal and home warranties help that to happen.
The Basics
The way a warranty works is that it is purchased at closing for between $250 and $400, depending on the plan. It can be paid for by any party to the transaction: buyer of seller. Once the warranty is in place it will be in effect for a full year. During that year if any mechanics in the house break down, the new owner calls an 800 number to order repair service. The warranty company contracts locally with approved workers who then come to the house and perform the needed repair. The buyer then pays the service charge (typically about $50-$80) for the visit and all other costs are covered by the warranty. It really is a great program. On average these policies are used at least twice in the year that they are in place.
Please notice that I am describing the policy as covering the mechanics in the house: the furnace, water heater, dishwasher, garbage disposal, electricals, etc. It does not cover the structure itself: the roof, walls, foundation, etc. Most basic policies do not cover refrigerators, washers and dryers, or air conditioning, but these can be added to the policy for additional costs. Be sure to read your policy. Some also have limitations. For instance, it may cover up to $1500 for a furnace, but not cover costs over that amount. So know the limitations and compare policies before you buy one.
There are quite a few companies that offer these policies. American Home Shield is probably the most widely known. There is also the First American Home Buyers Protection Plan, Choice Home Warranty, and Fidelity National Home Warranty. I’m sure there are others as well.
My Word of Advice
I do think a home warranty is money well spent. However, I also caution that these policies put a lot of emphasis on repair, and, in my opinion, are not quick to replace truly warn out items. Here is what happened to me:
When I bought my current home I opted for a home warranty because the dishwasher was obviously in really bad shape. The seals around the door were shot and the machine leaked when it was used. The technician who serviced it estimated that it could be repaired for $300. Why would I want to put $300 into a dishwasher that would then still be old? They offered me a credit in the same amount to apply to a new dishwasher, which I took advantage of and was happy to receive. Then I had trouble with my furnace that winter. Again, I called the warranty company and my furnace was repaired. The furnace went out a second time, again it was repaired under the benefits of my warranty. A year went by and my policy expired. The following winter, again my furnace went out. This time, with no warranty to use, I called a company of my choice. This time the technician said my furnace was so bad it was unsafe to use and he red tagged it. I then replaced my furnace. In hindsight I wish that when my furnace had gone out the second time, while it was under warranty, that I would have gotten another opinion. I think the warranty company did full fill the obligation of the policy because they were able to get the furnace to work, but I also think that I could have had the policy assist with the furnace replacement if I had taken the time to do my own inquiry.
I do think that if you are a buyer or a seller you should consider a home warranty when you are involved in your next real estate transaction. At least ask the question as to whether it would benefit you or not. And, as always, listen to the advice of your Realtor.
Market Activity ~ Sept 13-19, 2010
Market activity last week brought us 16 new listings, 2 pending sales, and 14 closed sales.
Two of the New Listings, Eagle Crest & Southwood, had been off the market for just a little less than 30 days & took a $30,000 price drop & approx $10,000 respectively. Cameo was only off the market for a few days, but took a $250,000 price drop. All show as New Listings with new Realtors as well.
See below for further details.
NEWLY LISTED (Sept 13-19, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 44 EAGLE CREST DR #1 | $110,000 | 2 | 1 | 908 | CONDO |
| 3433 McNary PKWY #504 | $189,900 | 2 | 2.1 | 1136 | CONDO |
| 37 ORIOLE LN | $274,900 | 2 | 2 | 1520 | DETACHD |
| 1095 CORNELL ST | $299,500 | 2 | 1 | 1416 | DETACHD |
| 427 9TH ST | $299,900 | 4 | 2 | 2130 | DETACHD |
| 4760 LOWER DR | $345,000 | 4 | 3 | 2500 | DETACHD |
| 13901 SUNDELEAF DR | $350,000 | 4 | 0.3 | 1877 | DETACHD |
| 151 DEL PRADO ST | $439,000 | 4 | 2.1 | 2447 | DETACHD |
| 326 LAKE BAY CT | $474,900 | 3 | 2 | 1410 | DETACHD |
| 777 BERWICK CT | $475,000 | 3 | 2 | 2324 | DETACHD |
| 14361 SHERBROOK PL | $569,000 | 3 | 2.1 | 2100 | DETACHD |
| 5705 SOUTHWOOD DR | $598,000 | 4 | 2.1 | 3360 | DETACHD |
| 15566 VILLAGE PARK CT | $709,900 | 5 | 3.1 | 4692 | DETACHD |
| 193 FURNACE ST | $769,950 | 2 | 2.1 | 2215 | CONDO |
| 13795 CAMEO CT | $1,400,000 | 4 | 5.2 | 7190 | DETACHD |
| 1677 LESLIE LN | $2,599,000 | 5 | 5.1 | 7534 | DETACHD |
PENDING SALES (Sept 13-19, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 4664 FIRWOOD RD | $349,900 | 3 | 2 | 1640 | DETACHD | 53 |
| 17670 MARYLBROOK DR | $499,000 | 4 | 3 | 3067 | DETACHD | 261 |
SOLD (Sept 13-19, 2010)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 47 EAGLE CREST DR #31 | $84,950 | $71,000 | 2 | 1 | 1009 | CONDO | 104 |
| 205 CERVANTES | $164,900 | $120,000 | 2 | 1.1 | 1216 | CONDO | 145 |
| 16200 PACIFIC HWY #8 | $279,900 | $221,500 | 2 | 2 | 1208 | CONDO | 120 |
| 3388 EDGEMONT RD | $359,900 | $250,000 | 3 | 2.1 | 1968 | DETACHD | 283 |
| 4236 HARVEY WAY | $399,500 | $348,000 | 3 | 2.1 | 1870 | DETACHD | 110 |
| 15580 PARTRIDGE DR | $378,000 | $350,000 | 3 | 2.1 | 2245 | DETACHD | 267 |
| 17518 REDFERN AVE | $409,000 | $365,000 | 3 | 2 | 1831 | DETACHD | 715 |
| 24 PARTRIDGE LN | $449,000 | $450,000 | 4 | 2.1 | 3224 | DETACHD | 40 |
| 5678 CHARLES CIR | $580,000 | $520,000 | 3 | 4 | 3455 | DETACHD | 495 |
| 14158 KIMBERLY CIR | $530,000 | $530,800 | 5 | 3 | 3648 | DETACHD | 40 |
| 19288 SW Megly CT | $579,900 | $562,400 | 5 | 3 | 3594 | DETACHD | 149 |
| 1425 CHANDLER RD | $978,000 | $750,000 | 4 | 3 | 3384 | DETACHD | 43 |
| 4912 FIRWOOD RD | $999,900 | $950,000 | 4 | 4 | 5640 | DETACHD | 21 |
| 19000 BRYANT RD | $965,000 | $965,000 | 5 | 3.1 | 5874 | DETACHD | 3 |
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