Lake Oswego Real Estate Blog
Even on SuperBowl Sunday there are properties Open in Lake Oswego… including Dianne’s on Oswego Summit. Stop by and say hello!
Here are the Open Houses in Lake Oswego according to RMLS:
| Address | L/Price | # Beds | # Baths | Total SF | Prop Type | Open |
| 1950 BONNIEBRAE DR | $189,900 | 2 | 1.1 | 1056 | ATTCHD | 1-3PM |
| 211 OSWEGO SMT | $229,900 | 2 | 2 | 1506 | CONDO | 12=3PM |
| 2245 GLEN HAVEN RD | $379,000 | 3 | 1.1 | 1276 | DETCHD | 12-4PM |
| 2688 RIVENDELL RD | $745,000 | 4 | 3 | 3720 | DETCHD | 1-4PM |
1) Some Interesting Updates on the Portland Area Market:
– (According to RMLS)
2) Tax Credits: The “First Time Home Buyers” tax credit was extended to this Spring (yikes… getting close) and there has been an additional tax credit extended to those “Buying Up” who have lived in their current home for five years and are buying a property of less than $800,000. Both of these tax credits expire in April: The contract must be inked by April 30th, and the closing must be by June 30th. If you or someone you care about are considering taking advantage of this amazing opportunity, you really must start looking for a home now to make the timeline.
3) Interest Rates to Rise: According to Carrie Bay of DSNews.com (among many others), interest are projected to begin rising, and have risen .25% already within the past month.
4) F.H.A to Raise Standards for Mortgage Insurance: No date has been set yet, but the word is “summer”. (ANOTHER reason to put your home-buying plan in motion now…)
– (excerpted From David Streitfeld of the NY Times)
5) Attention Investors: Yay! HUD has decided to waive the 90 day seasoning financing contingency for buyers!
-(From Pat Goodell of Academy Mortgage ~ 503 380 0953)
Effective February 1st, 2010, there will no longer be a requirement for a seller of a property to be on title for 90 days or more in order for approval of an FHA backed loan. This is incredible news, since the majority of buyers in today’s market are FHA buyers! The 90 day seasoning issue has long been an issue for investors and agents when working with short sales. This is changing on Feb 1st. The policy change will permit buyers to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. This will allow homes to resell as quickly as possible, helping to stabilize real estate prices and to revitalize neighborhoods and communities.”
– ***Linda’s note: There are a few minor restrictions on this. Let me know if you’re interested & I’ll send you the entire document with more detail.
6)Credit Card Companies Get Slapped w/Restrictions: We all know how hard the new mortgage guidelines have hit some potential home-buyers. Sometimes it seems like every time you turn around the consumer is facing yet another hurdle from the banking industry. Well, this time the consumer is being offered protections that should make it easier, less expensive, and less confusing to do business with, or work to pay off credit card companies. Here’s an excerpt from the Federal Reserve’s Announcement:
The Federal Reserve Board on Tuesday approved a final rule amending Regulation Z (Truth in Lending) to protect consumers who use credit cards from a number of costly practices. Credit card issuers must comply with most aspects of the rule beginning on February 22.
“This rule marks an important milestone in the Federal Reserve’s efforts to ensure that consumers who rely on credit cards are treated fairly,” said Federal Reserve Governor Elizabeth A. Duke. “The rule bans several harmful practices and requires greater transparency in the disclosure of the terms and conditions of credit card accounts.”
Among other things, the rule will:
- Protect consumers from unexpected increases in credit card interest rates by generally prohibiting increases in a rate during the first year after an account is opened and increases in a rate that applies to an existing credit card balance.
- Prohibit creditors from issuing a credit card to a consumer who is younger than the age of 21 unless the consumer has the ability to make the required payments or obtains the signature of a parent or other cosigner with the ability to do so.
- Require creditors to obtain a consumer’s consent before charging fees for transactions that exceed the credit limit.
- Limit the high fees associated with subprime credit cards.
- Ban creditors from using the “two-cycle” billing method to impose interest charges.
- Prohibit creditors from allocating payments in ways that maximize interest charges.
Consumers can learn more about changes to their credit card accounts by accessing a new online publication. “What You Need to Know: New Credit Card Rules.” It explains key changes consumers can expect from their credit card companies as a result of the new rules. The Board plans to release additional “What You Need to Know” publications in conjunction with other major rulemakings
There are 28 open houses being advertised via the RMLS for Lake Oswego this Sunday:
| Address | List Price | # BR | # BTHS | Total SF | Prop Type | Open | ||
| 59 GALEN ST | $94,950 | 1 | 1 | 550 | CONDO | 1 to 3 | ||
| 100 LEONARD ST | $264,900 | 2 | 2 | 1,364 | CONDO | 1:30 to 4 | ||
| 5373 LAKEVIEW BLVD | $329,500 | 3 | 1 | 2,176 | DETACHD | 2 to 4 | ||
| 15965 INVERURIE RD | $385,000 | 4 | 2 | 1,915 | DETACHD | 1 to 3 | ||
| 119 3RD ST | $399,900 | 3 | 2 | 1,204 | CONDO | 1 to 4 | ||
| 3075 ROYCE WAY | $430,000 | 4 | 3.1 | 3,667 | DETACHD | 1 to 4 | ||
| 4955 GALEN ST | $435,000 | 3 | 2.1 | 1,887 | DETACHD | 1 to 4 | ||
| 13448 AUBURN CT | $474,900 | 3 | 2.1 | 2,535 | ATTACHD | 1 to 3 | ||
| 2705 SW ORCHARD HILL LN | 499350 | 3 | 2.1 | 2,841 | DETACHD | 1 to 4 | ||
| 73 TANGLEWOOD DR | 499500 | 4 | 3.1 | 4,254 | DETACHD | 1 to 4 | ||
| 4605 CHELSEA LN | 649000 | 4 | 2.1 | 3,411 | DETACHD | 1 to 3 | ||
| 15915 WALUGA DR | 669000 | 3 | 2.1 | 2,939 | DETACHD | 1 to4 | ||
| 520 C AVE | 745000 | 4 | 4 | 3,242 | ATTACHD | 1 to 2:30 | ||
| 540 C AVE | 749000 | 4 | 3.1 | 3,539 | ATTACHD | 1 to 2:30 | ||
| 17110 LOWENBERG TER | 799000 | 4 | 2.1 | 2,678 | DETACHD | 12 to 3 | ||
| 17281 LOWENBERG TER | 884900 | 4 | 3.1 | 3,386 | DETACHD | 12 to 3 | ||
| 17154 LOWENBERG TER | 889900 | 5 | 3.1 | 3,497 | DETACHD | 12 to 3 | ||
| 12439 SW 22ND AVE | 949900 | 4 | 3.1 | 4,118 | DETACHD | 12 to 4 | ||
| 17896 SW KELOK RD | 990000 | 5 | 5 | 4,323 | DETACHD | 1:30 to 3:30 | ||
| 18222 SIENA DR | 1088000 | 6 | 4.1 | 3,800 | DETACHD | 1 to 3 | ||
| 18143 SIENA DR | 1197000 | 5 | 4.1 | 4,152 | DETACHD | 1 to 3 | ||
| 1808 RIDGE POINTE DR | 1269000 | 5 | 4.1 | 4,155 | DETACHD | 1 to 3 | ||
| 18246 BELLA TERRA DR | 1294000 | 4 | 3.1 | 4,196 | DETACHD | 1 to 3 | ||
| 664 OAK MEADOW DR | 1299950 | 4 | 3.1 | 4,198 | DETACHD | 1 to3 | ||
| 657 OAK MEADOW DR | 1349950 | 4 | 3.1 | 4,371 | DETACHD | 1 to3 | ||
| 17364 RIDGEVIEW CT | 1399950 | 4 | 3.1 | 4,436 | DETACHD | 1 to 3 | ||
| 13961 KNAUS RD | 2250000 | 4 | 4.2 | 6,614 | DETACHD | 3 to 4:30 | ||
| 2572 GLEN EAGLES PL | 2395000 | 5 | 4.2 | 6,490 | DETACHD | 1 to 3 |
Have a great weekend!
There were 16 New, 10 Pending, and 4 Sold properties during last week’s Monday – Sunday period according to RMLS. (Note: RMLS data is based on data input by Listing Agents up to the date/time of our writing this post. This means that there is the -possibility- that something might have sold or gone pending and not been entered into RMLS yet, but these things are generally entered right away, so the RMLS data we compile & share is pretty accurate.)
We have been seeing an increase in Buyer activity according to RMLS lockbox stats as well. This is to be expected as rates are still low (though starting to increase a bit), FHA is still only requiring a low of 3.5% down (though this is supposed to increase significantly in the summertime) and the tax credits are in full force, coming with an April deadline. All this means that “looking” is starting now for those serious about finding that special property either as a First-Time Buyer, or one who is “Moving Up” (meaning: having been in their home for at least 5 years and buying under $800,000.). Tax credits are $8,000 & $6,500. respectively.
Here’ your data for last week (see below the tables for additional notes):
NEWLY LISTED (Jan. 18—Jan. 24, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | List Date |
| 44 EAGLE CREST DR | $139,000 | 1 | 1 | 798 | CONDO | 1/20/2010 |
| 4 TOUCHSTONE | $185,000 | 3 | 2.1 | 1,351 | CONDO | 1/20/2010 |
| 4322 BOTTICELLI ST | $279,900 | 2 | 2.1 | 2,043 | CONDO | 1/23/2010 |
| 4372 WOODSIDE CIR | $284,900 | 2 | 2 | 1,178 | ATTACHD | 1/18/2010 |
| 4 THE GROTTO | $289,000 | 3 | 2.1 | 1,534 | DETACHD | 1/24/2010 |
| 4717 FIRWOOD RD | $319,000 | 8 | 3 | 2,502 | DETACHD | 1/22/2010 |
| 4730 FIRWOOD RD | $375,000 | 4 | 2 | 2,124 | DETACHD | 1/23/2010 |
| 2245 GLEN HAVEN RD | $379,000 | 3 | 1.1 | 1,276 | DETACHD | 1/20/2010 |
| 8 POLONIUS | $385,000 | 3 | 2 | 1,760 | DETACHD | 1/22/2010 |
| 15965 INVERURIE RD | $385,000 | 4 | 2 | 1,915 | DETACHD | 1/22/2010 |
| 1571 WOODLAND TER | $450,000 | 4 | 2 | 2,400 | DETACHD | 1/19/2010 |
| 19203 SW Megly Ct | $589,900 | 5 | 3.1 | 3,595 | DETACHD | 1/22/2010 |
| 727 6TH ST | $895,000 | 4 | 2 | 2,884 | DETACHD | 1/20/2010 |
| 356 9TH ST | $1,175,000 | 4 | 3.1 | 3,647 | DETACHD | 1/21/2010 |
| 18735 BRYANT RD | $1,181,900 | 5 | 3.1 | 5,597 | DETACHD | 1/18/2010 |
| 95 IRON MOUNTAIN BLVD | $1,950,000 | 5 | 4.1 | 4,818 | DETACHD | 1/21/2010 |
PENDING SALES (Jan. 18 – Jan. 24, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 45 SW EAGLE CREST DR | $205,000 | 3 | 2 | 1,348 | CONDO | 50 |
| 192 RIDGEWAY RD | $209,900 | 2 | 1 | 1,659 | CONDO | 148 |
| 4447 GOLDEN LN | $229,000 | 2 | 2.1 | 1,980 | ATTACHD | 531 |
| 17350 BLUE HERON RD | $330,000 | 4 | 2.1 | 2,880 | DETACHD | 9 |
| 2650 DELLWOOD DR | $410,000 | 4 | 3 | 3,238 | DETACHD | 295 |
| 4651 HASTINGS PL | $454,900 | 4 | 2.1 | 2,215 | DETACHD | 15 |
| 2000 WEMBLEY PARK RD | $540,000 | 4 | 3 | 2,660 | DETACHD | 89 |
| 5310 WASHINGTON CT | $624,900 | 4 | 3.1 | 3,328 | DETACHD | 878 |
| 1505 COUNTRY CLUB RD | $682,500 | 6 | 4.1 | 5,463 | DETACHD | 229 |
| 2201 HAZEL RD | $1,399,000 | 4 | 3.5 | 5,446 | DETACHD | 605 |
SOLD (Jan. 18 – Jan. 24, 2010)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 4000 SW CARMAN DR | $154,900 | $143,500 | 2 | 2 | 925 | CONDO | 137 |
| 14431 SHERBROOK PL | $299,900 | $284,000 | 4 | 3 | 3,284 | DETACHD | 365 |
| 5506 ROYAL OAKS DR | $399,900 | $410,000 | 4 | 3 | 2,317 | DETACHD | 19 |
| 34 HILLSHIRE DR | $598,000 | $510,000 | 3 | 2.1 | 3,822 | DETACHD | 699 |
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.
We have 28 properties on tour in Lake Oswego this Sunday. Once again, all ranges in price, styles and property types are open for your viewing pleasure! I will be holding 363 6th St. open myself. It is a stunning, custom town home in the heart of First Addition. Come on by and say hello!
Here are the Open Houses in Lake Oswego according to RMLS:
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | Open |
| 1950 BONNIEBRAE DR | $189,900 | 2 | 1.1 | 1056 | ATTCHD | 2-4PM |
| 1547 BOCA RATAN DR | $208,900 | 2 | 1.1 | 1008 | ATTCHD | 11-1:30PM |
| 1248 OAK ST | $245,900 | 2 | 1 | 900 | DETACHD | 1-4PM |
| 4372 WOODSIDE CIR | $284,900 | 2 | 2 | 1178 | ATTCHD | 1-4PM |
| 4310 SILVER CT | $339,000 | 2 | 3.1 | 1996 | ATTCHD | 12:30-3:30PM |
| 1025 C AVE | $428,950 | 3 | 2 | 2261 | DETACHD | 1-3PM |
| 4962 BILFORD LN | $439,900 | 3 | 2.1 | 2168 | DETACHD | 1-3PM |
| 16909 CRESTVIEW DR | $524,900 | 4 | 3 | 2553 | DETACHD | 12-3PM |
| 401 ASH ST | $525,000 | 5 | 4 | 5320 | DETACHD | 1-3PM |
| 475 10TH ST | $534,950 | 4 | 2.1 | 2932 | DETACHD | 1-3PM |
| 33 MORNINGVIEW CIR | $574,900 | 3 | 2.1 | 2737 | DETACHD | 1-3PM |
| 363 Sixth ST | $599,900 | 3 | 3.1 | 2258 | ATTCHD | 2-4PM |
| 5218 WESTFIELD CT | $699,500 | 4 | 2.1 | 3125 | DETACHD | 1-4PM |
| 16705 GLENWOOD CT | $699,000 – $749,000 | 4 | 3 | 4243 | DETACHD | 12-3PM |
| 17110 LOWENBERG TER | $799,000 | 4 | 2.1 | 2678 | DETACHD | 1-3PM |
| 17281 LOWENBERG TER | $884,900 | 4 | 3.1 | 3386 | DETACHD | 1-3PM |
| 17154 LOWENBERG TER | $889,900 | 5 | 3.1 | 3497 | DETACHD | 1-3PM |
| 17896 SW KELOK RD SW | $990,000 | 5 | 5 | 4323 | DETACHD | 1-3PM |
| 18222 SIENA DR | $1,088,000 | 6 | 4.1 | 3800 | DETACHD | 1-3PM |
| 2057 SUMMIT DR | $1,099,000 | 4 | 3.1 | 4589 | DETACHD | 1-3PM |
| 1809 HEADLEE LN | $1,125,000 | 2 | 2.1 | 3836 | DETACHD | 1-3PM |
| 18209 SIENA DR | $1,178,950 | 5 | 3.1 | 3839 | DETACHD | 1-3PM |
| 18143 SIENA DR | $1,197,000 | 5 | 4.1 | 4152 | DETACHD | 1-3PM |
| 1808 RIDGE POINTE DR | $1,269,000 | 5 | 4.1 | 4155 | DETACHD | 1-3PM |
| 18246 BELLA TERRA DR | $1,294,000 | 4 | 3.1 | 4196 | DETACHD | 1-3PM |
| 664 OAK MEADOW DR | $1,355,000 | 4 | 3.1 | 4198 | DETACHD | 1-3PM |
| 18110 Siena DR | $1,394,000 | 4 | 3.1 | 4311 | DETACHD | 1-3PM |
| 2572 GLEN EAGLES PL | $2,395,000 | 5 | 4.2 | 6490 | DETACHD | 1-3PM |
I thought I’d bring you along with Dianne and I to see some of what was on Brokers’ Tour Tuesday in Lake Oswego.
What do we DO on tour??? Well, we check out properties that are new on the market or that have had a major change such as remodeling work or price reductions. We also enjoy visiting with each other & learning more about the properties (this is a great way to find out material information that is not included on the listing sheet), and you should know that Realtors LOVE to eat on tour! Usually we’ve been at meetings all morning and are ravenous by the time we get out to tour. Dianne calls it the Pavlov Response… she postulates that even when we don’t tour, we automatically get hungry on Tuesdays at 11:00… I think she’s right!
I was not able to post everything we saw on Tuesday, but I’ve got quite a bit to show you… Let’s get going! (all photos used with permission ~ remember that you can enlarge any photo by clicking on it)
We headed 
over to Westridge to 51 Hillshire Dr., to visit a custom contemporary home set up above the road and surrounded by luscious landscaping, giving it peaceful views out the many bright windows. We were met by Debbie Todd who answered questions and showed us around with warmth and 
hospitality. This one is stately, with 4306 SF, 4 bedrooms, a formal but open entry, master suite on the main floor, high vaulted ceilings, hardwoods, great room with gorgeous kitchen (yes, that’s Dianne in the kitchen), fireplace and access to the spa/patio area (also accessible from the spacious master). Daylight basement offers pool table area, 1/2 bath, media area, and a beautiful wet bar. Three bedrooms are upstairs (one non-conforming). The flow of this home 
is so elegant, and the feel so open and peaceful… I would highly recommend a look. This one is set & ready to welcome it’s new owners with style & comfort from day one.
From Westridge we drove to 2057 Summit Dr in Summit Heights where the neighborhood is nestled up the graceful slope from Lake Oswego. 
This particular home is a totally remodeled 4 bedroom, 3 1/2 bath 
1975 Craftsman with panache. I mean, this home shouts easy, comfortable living from the street as you enter the circular drive. It is just a ‘superstar’ sitting there waiting for the perfect occupants. Set back a ways from the road, we meandered up the walk and were met by Susy Darm, another charming local Realtor with tons of information about the property to share. It i
s 
4589 SF on a .45 acre lot overlooking the lake with beautiful views from the upper deck & grand master bedroom. The outdoor living options begin with the main level deck that wraps from 
the porch around to the side… vaulted with forest views & accessible from the kitchen and dining areas. Did I mention the kitchen? Let’s just say stunning slab granite, Dacor Pro stove, Sub Zero, Viking, alder cabinets, and an open/airy feel. The great room is wired for surround sound, there are three fireplaces, one of which boasts an alluring river pebble fascia. I could go on & on… media & game room, stellar bathrooms… but really, this one needs to be seen in person.
Leaving Susy, we decided to finish up our tour with the new construction home at 567 6th Street in First Addition. We walked through this one about a month or two ago when it was in full building mode… we gingerly stepped through the home being careful not 
to trip and trying to visualize the finished result. It was fun to see the transformation yesterday. Shari Newman met us in the beautiful kitchen featuring one of my favorites… Carrera Marble for back-splash. It offers 2568 SF of 
brand new home, with 4 bedrooms and 3 1/2 baths. Floors are luxurious, dark hardwoods. Bathrooms feature granite and elegant fixtures & finishes. The generous master is conveniently located on the main level. Upstairs also opens to three more bedrooms, one of which has high ceilings and could probably also be used as a game or media room. Little touches than really shine include the brass gutters, and slatted wood ceilings on the front porch. Style.
Well, that wraps up our Broker’s Tour for this week. Hope it was fun tagging along with us! We’re always here to take a call & show you property if you find something that “speaks” to you.
If this is making you want to tour yourself, I’ll be holding 371 6th St. Open on Sunday in Lake Oswego from 2:00 – 4:00 PM. This is a sweet 3 bedroom, 3 1/2 bath custom rowhouse in First Addition. C’mon down! We can chat.
Very Best,
Linda
You may reach me at: 503 318 2116
Here is our latest market activity report. Last week brought us 21 new listings, 10 pending sales, and 9 closed sales.
I want to explain that occasionally a property misses getting into our report. This happens if the property status changes during the week that represents our report, but the data is not changed in the RMLS until after our report is issued. Linda and I want these reports to be as accurate as possible, but we also want them to occur in a timely fashion. We regret that some property data is reported late and thus misses our report.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (Jan. 11—Jan. 17, 2010)
| Address | List Price | # BR | # BTHS | Total SF | Prop Type | List Date | ||
| 86 KINGSGATE RD | $139,900 | 2 | 2 | 849 | ATTACHD | 1/11/2010 | ||
| 67 OSWEGO SMT | $174,900 | 2 | 2 | 1,212 | CONDO | 1/12/2010 | ||
| 5225 JEAN RD | 174900 – 199876 | 2 | 2 | 1,400 | CONDO | 1/13/2010 | ||
| 4 TOUCHSTONE | $199,995 | 3 | 2.1 | 1,351 | CONDO | 1/16/2010 | ||
| 15 ORIOLE LN | $269,900 | 2 | 2 | 1,470 | DETACHD | 1/12/2010 | ||
| 17350 BLUE HERON RD | $330,000 | 4 | 2.1 | 2,880 | DETACHD | 1/13/2010 | ||
| 3 SAINT HELENS CIR | $355,000 | 2 | 2 | 1,472 | DETACHD | 1/17/2010 | ||
| 240 4TH ST | $399,900 | 2 | 1.1 | 1,080 | DETACHD | 1/14/2010 | ||
| 4729 FIRWOOD RD | 439900 | 3 | 2.1 | 2,357 | DETACHD | 1/15/2010 | ||
| 4725 FIRWOOD RD | 449900 | 3 | 2.1 | 2,296 | ATTACHD | 1/15/2010 | ||
| 64 TOUCHSTONE | 449999 | 5 | 2.1 | 3,641 | DETACHD | 1/14/2010 | ||
| 2705 SW ORCHARD HILL LN | 499350 | 3 | 2.1 | 2,841 | DETACHD | 1/11/2010 | ||
| 3368 SOUTHSHORE BLVD | 499990 | 3 | 2 | 2,160 | DETACHD | 1/11/2010 | ||
| 14279 CAMDEN LN | 525000 | 4 | 2.1 | 2,373 | DETACHD | 1/13/2010 | ||
| 4102 BUCK BRUSH LN | 556900 | 4 | 3 | 2,205 | DETACHD | 1/15/2010 | ||
| 4581 HASTINGS PL | 574900 | 4 | 2.1 | 2,985 | DETACHD | 1/11/2010 | ||
| 19175 EASTSIDE RD | 900000 | 5 | 4.1 | 5,263 | DETACHD | 1/13/2010 | ||
| 18222 SIENA DR | 1088000 | 6 | 4.1 | 3,800 | DETACHD | 1/12/2010 | ||
| 2057 SUMMIT DR | 1099000 | 4 | 3.1 | 4,589 | DETACHD | 1/14/2010 | ||
| 1808 RIDGE POINTE DR | 1269000 | 5 | 4.1 | 4,155 | DETACHD | 1/12/2010 | ||
| 13764 KNAUS RD | 1375000 | 4 | 4.1 | 4,805 | DETACHD | 1/12/2010 |
PENDING SALES (Jan. 11 – Jan. 17, 2010)
| Address | List Price | # BR | # BTHS | Total SF | Prop Type | CDOM | |||
| 12 CERVANTES CIR | $105,000 | 2 | 1.1 | 912 | CONDO | 121 | |||
| 668 MCVEY AVE | $164,900 | 2 | 1 | 852 | CONDO | 9 | |||
| 16250 PACIFIC HWY | $170,000 | 3 | 2 | 1,626 | CONDO | 128 | |||
| 775 BOCA RATAN DR | $184,500 | 3 | 3 | 2,401 | DETACHD | 131 | |||
| 3 SUMMIT RIDGE CT | $274,000 | 2 | 2.1 | 1,576 | ATTACHD | 218 | |||
| 13050 BOONES FERRY RD | $332,000 | 3 | 2 | 2,632 | DETACHD | 170 | |||
| 5460 BAY CREEK DR | $424,900 | 3 | 2.1 | 2,358 | DETACHD | 136 | |||
| 38 DA VINCI ST | $625,000 | 4 | 2.1 | 2,932 | DETACHD | 214 | |||
| 9 HIDALGO ST | 649900 | 4 | 4.2 | 5,310 | DETACHD | 525 | |||
| 5234 WESTFIELD CT | 724900 | 4 | 3 | 3,252 | DETACHD | 8 |
SOLD (Jan. 11 – Jan. 17, 2010)
| Address | O/Price | Close Price | # BR | # BTHS | Total SF | Prop Type | CDOM | ||
| 3433 MCNARY PKWY | $100,000 | $101,500 | 2 | 2.1 | 1,208 | CONDO | 212 | ||
| 86 KINGSGATE RD | $127,000 | $132,000 | 2 | 2 | 924 | CONDO | 236 | ||
| 520 9TH ST | $325,000 | $300,000 | 3 | 2 | 1,148 | DETACHD | 151 | ||
| 16824 SW INVERURIE RD | $389,900 | $310,000 | 3 | 3 | 1,896 | DETACHD | 245 | ||
| 16824 INVERURIE RD | $279,900 | $310,000 | 3 | 3 | 1,896 | DETACHD | 245 | ||
| 1575 IVY CT | $515,000 | $495,000 | 4 | 3 | 2,432 | DETACHD | 56 | ||
| 17479 BROOKHURST DR | $699,000 | $675,000 | 4 | 2.1 | 3,551 | DETACHD | 78 | ||
| 13010 KNAUS RD | $1,099,000 | $930,000 | 4 | 3.1 | 4,312 | DETACHD | 1128 | ||
| 17404 BERGIS FARM DR | 1297000 | 1065000 | 5 | 4.1 | 5,394 | DETACHD | 326 |
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.
There are 23 houses that will be held open this Sunday. It’s a nice assortment that represents a wide range of prices, sizes, ages and options. If you are inclined to want to spend an hour or two looking at houses, you should find some good options. Have a great weekend! The pace is picking up a bit. According to RMLS, there are 17 truly NEW properties in Lake Oswego this last week, 9 that went to PENDING status, and 8 that SOLD. Interesting to note that of the 17 NEW properties on the market, there are no shortsales in the bunch according to RMLS, and of the 9 PENDING sales, there were 2 short-sales, with another 2 short-sales out of the 8 SOLDS’s. There are a lot of good deals out there that do not fall into the short-sale or bank-owned categories, and Buyers seem to be looking for that “right” house instead of lasering in on short-sales in general. That said, it is hard to tell how many of the “NEW” properties could be teetering that direction. There is a whole different closing timeline to be considered if you get into that situation, so just be aware and consult with your Realtor. One thing to be aware of is that we are not able to tell in an RMLS listing exactly how far above the “short-sale line” a property’s asking price may be. There is always the possibility that a property could turn into a short-sale if the negotiated price with the Seller ends up lower than what they owe. Just sayin’. Talk with your Realtor about what that could mean for you if you think you may be offering an amount that could bring up this possibility in your transaction. Anyway, here is the latest market activity for Lake Oswego (see below the tables for additional notes): PENDING SALES (Jan. 4 – Jan. 10, 2010) SOLD (Jan. 4 – Jan. 10, 2010) 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. Wow. We have polar ends of the price spectrum on tour this Sunday. 8 over a million, and 5 under $250,000 with a couple in the middle. There are some great properties to see on this list, so get out and enjoy the dry weekend weather & find that “one” to either move-up or buy first-time…. The tax credit time-line is ticking………… Enjoy! & as always, feel free to give Dianne or me a call if you need some help. Here are the Open Houses in Lake Oswego according to RMLS:Open Houses for Sunday, January 17, 2010
Address
List Price
# BR
# BTHS
Total SF
Prop Type
Open
323 CERVANTES
$175,000
2
2
1,265
CONDO
1 to 3
5225 Jean RD
$179,900
2
2
1,100
CONDO
1 to 3
65 GREENRIDGE CT
$199,500
2
2
1,314
CONDO
1 to 4
5373 LAKEVIEW BLVD
$329,500
3
1
2,176
DETACHD
2 to 4
18922 REDWING WAY
$379,900
4
2
2,076
DETACHD
2 to 4
119 3RD ST
$399,900
3
2
1,204
CONDO
1 to 4
4651 HASTINGS PL
$454,900
4
2.1
2,215
DETACHD
1 to3
2705 SW ORCHARD HILL LN
$499,350
3
2.1
2,841
DETACHD
11 to4
14279 CAMDEN LN
525000
4
2.1
2,373
DETACHD
1 to 3
4581 HASTINGS PL
574900
4
2.1
2,985
DETACHD
1 to 3
13278 ROGERS RD
695000
3
2.1
2,964
DETACHD
12 to 2
2688 RIVENDELL RD
745000
4
3
3,720
DETACHD
1 to 4
1225 LAKE GARDEN CT
829950
4
3.2
3,558
DETACHD
1 to 3
18222 SIENA DR
1088000
6
4.1
3,800
DETACHD
1 to 3
18209 SIENA DR
1178950
5
3.1
3,839
DETACHD
1 to 3
18143 SIENA DR
1197000
5
4.1
4,152
DETACHD
1 to 3
1808 RIDGE POINTE DR
1269000
5
4.1
4,155
DETACHD
1 to 3
18246 BELLA TERRA DR
1294000
4
3.1
4,196
DETACHD
1 to 3
17464 RIDGEVIEW LN
1298950
4
3.1
4,407
DETACHD
1 to 3
664 OAK MEADOW DR
1355000
4
3.1
4,198
DETACHD
1 to 3
18110 Siena DR
1394000
4
3.1
4,311
DETACHD
1 to 3
657 OAK MEADOW DR.
1395000
4
3.1
4,371
DETACHD
1 to 3
17364 RIDGEVIEW CT
1425000
4
3.1
4,436
DETACHD
1 to 3
Lake Oswego Market Activity Report ~ Jan 4 – 10, 2010
NEWLY LISTED (Jan. 4—Jan. 10, 2010)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
List Date
47 EAGLE CREST DR
$99,500
1
1
666
CONDO
1/4/2010
668 MCVEY AVE
$164,900
2
1
852
CONDO
1/4/2010
18025 TUALATA AVE
$349,000
3
2
1,970
DETACHD
1/6/2010
2705 ORCHARD HILL PL
$374,900
3
2.1
2,250
DETACHD
1/8/2010
2530 PALISADES CREST DR
$376,200
4
2.1
2,774
DETACHD
1/7/2010
13213 SW 63 PL
$399,900
4
3
2,604
DETACHD
1/6/2010
4651 HASTINGS PL
$454,900
4
2.1
2,215
DETACHD
1/7/2010
1641 ASH ST
$475,000
4
3
2,825
DETACHD
1/4/2010
16909 CRESTVIEW DR
$524,900
4
3
2,553
DETACHD
1/7/2010
17930 MEADOWLARK LN
$599,900
4
4
3,300
DETACHD
1/8/2010
72 CONDOLEA WAY
$629,000
2
2.1
3,088
CONDO
1/7/2010
51 HILLSHIRE DR
$679,000
4
2.2
4,306
DETACHD
1/5/2010
5234 WESTFIELD CT
$724,900
4
3
3,252
DETACHD
1/4/2010
14435 UPLANDS DR
$799,995
4
3.1
4,822
DETACHD
1/6/2010
17884 SW KELOK RD
$949,000
4
3.1
4,124
DETACHD
1/4/2010
15444 BOONES WAY
$998,500
3
2.1
3,364
ATTACHD
1/4/2010
5665 BONITA RD
$1,279,900
2
1
1,500
DETACHD
1/9/2010
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
668 MCVEY AVE
$136,400.00
3
1.1
992
CONDO
95
4447 GOLDEN LN
$229,000.00
2
2.1
1,980
ATTACHD
521
16546 BONAIRE AVE
$239,900.00
3
1
1,064
DETACHD
82
2062 CEDAR CT
$299,000.00
4
2
1,800
DETACHD
237
909 CUMBERLAND PL
299000 – 349000
4
3
2,716
DETACHD
43
3634 TEMPEST DR
$424,900.00
4
3
2,931
DETACHD
3
4040 VIRGINIA WAY
$524,900.00
3
2.1
2,623
DETACHD
243
5310 WASHINGTON CT
$624,900.00
4
3.1
3,328
DETACHD
865
1839 PALISADES LAKE CT
$899,900.00
4
3.1
4,570
DETACHD
166
Address
O/Price
Sold Price
# Beds
# Baths
Total SF
Prop Type
CDOM
26 WHEATHERSTONE
$265,000
$210,000
3
2.1
1,692
CONDO
135
5686 WASHINGTON CT
$275,000
$259,800
2
2
1,342
DETACHD
25
5956 FERNBROOK CIR
$299,999
$295,000
4
2
1,376
DETACHD
370
4191 CHAPMAN WAY
$409,000
$360,000
4
2.1
2,610
DETACHD
194
4 ICARUS LOOP
$449,000
$445,000
4
2.1
2,743
DETACHD
57
17675 CARDINAL DR
$599,000
$500,000
3
3
3,458
DETACHD
294
2200 PRESTWICK RD
$1,095,000
$825,000
4
2.1
3,356
DETACHD
539
17345 BERGIS FARM DR
$1,249,900
$1,062,500
4
3.2
5,199
DETACHD
665
Lake Oswego Open Houses ~ Sunday, Jan. 10, 2010
Address
L/Price
# Beds
# Baths
Total SF
Prop Type
Open
12 CERVANTES CIR
$105,000
2
1.1
912
ATTCHD
1-3PM
45 EAGLE CREST DR #122
$199,000
3
2
1348
CONDO
1-3PM
65 GREENRIDGE CT
$200,000
2
2
1314
ATTCHD
12-4PM
45 SW EAGLE CREST DR #300
$205,000
3
2
1348
CONDO
12:30-2PM
1248 OAK ST
$245,900
2
1
900
DETCHD
1-4PM
136 TOUCHSTONE TER
$329,000
3
2.1
1996
ATTCHD
1-3PM
138 KINGSGATE RD
$410,000
3
2.1
1600
DETCHD
1:30-3:30PM
4962 BILFORD LN
$439,900
3
2.1
2168
DETCHD
12-3PM
18209 SIENA DR
$1,178,950
5
3.1
3839
DETCHD
1-3PM
18143 SIENA DR
$1,197,000
5
4.1
4152
DETCHD
1-3PM
18246 BELLA TERRA DR
$1,294,000
4
3.1
4196
DETCHD
1-3PM
17464 RIDGEVIEW LN
$1,298,950
4
3.1
4407
DETCHD
1-3PM
664 OAK MEADOW DR
$1,355,000
4
3.1
4198
DETCHD
1-3PM
18110 Siena DR
$1,394,000
4
3.1
4311
DETCHD
1-3PM
657 OAK MEADOW DR.
$1,395,000
4
3.1
4371
DETCHD
1-3PM
17364 RIDGEVIEW CT
$1,425,000
4
3.1
4436
DETCHD
1-3PM