Tag: ARES

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Open Houses for Sunday, March 28, 2010

Getting a head start on the weekend, here are the 21 open houses currently being promoted in the RMLS for this Sunday:

Address List Price # BR # BTHS Total SF Prop Type Open
1597 BONNIEBRAE DR $199,900 2 1 998 ATTACHD 1 to 3
181 Oswego Summit $200,000 2 2 1,383 CONDO 12 to 2
200 BURNHAM RD $205,850 1 1 820 CONDO 12 to 2
4251 WOODSIDE CIR $305,950 3 2 2,032 ATTACHD 12 to 2
3056 WEMBLEY PARK RD $339,000 3 2 2,600 DETACHD 1 to 4
19242 TERRY AVE $395,000 4 2 1,872 DETACHD 2 to 4
13340 AUBURN CT $465,000 3 2.1 2,451 ATTACHD 2 to 4
2031 LILLI LN $550,000 3 3.1 3,262 DETACHD 1 to 3
17 SCARBOROUGH DR 579900 4 2.1 3,290 DETACHD 1 to 4
19288 SW Megly CT 579900 5 3 3,594 DETACHD 1 to 5
7 MOUNTAIN VIEW LN 609000 5 2.1 3,324 DETACHD 1 to 4
15915 WALUGA DR 629000 3 2.1 2,939 DETACHD 1 to 4
17491 BLUE HERON DR 639950 4 2 2,396 DETACHD 1 to 3
13970 TAYLORS CREST LN 643490 4 2.1 3,371 DETACHD 11 to 2
5218 WESTFIELD CT 649900 4 2.1 3,125 DETACHD 1 to 4
18606 WESTVIEW DR 649900 3 2.5 2,783 DETACHD 12 to 3
18010 GIMLEY CT 685000 4 2.5 3,652 DETACHD 12 to 3
5245 LANGFORD LN 719000 3 2.1 2,957 DETACHD 2:30 to 4:30
17896 SW KELOK RD 974500 5 5 4,323 DETACHD 1 to 3:30
18024 SKYLAND CIR 1665000 4 3.2 4,131 DETACHD 1 to 3
2572 GLEN EAGLES PL 2395000 5 4.2 6,490 DETACHD 1 to 3

Have a great weekend!

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Financial Returns on Remodeling

ImageChef.comI think this time of year is rather conducive to taking on remodeling projects. Spring cleaning is part of it, but timing is also important. If you aren’t headed out of town for spring break, you may be considering taking on some projects around the house. And if you are thinking that you are going to sell your home this year, you are certainly looking around and wondering what you need to do to get your house ready.

The National Association of Realtors publishes an annual report on cost vs. value. This year it was published in the January issue of Realtor Magazine. The report breaks down the results by regions of the country: after all labor and materials costs do vary depending upon location. Oregon is in the Pacific region of this report. I also want to point out that every project is going to have a range of value. A kitchen can be remodeled for a couple of hundred dollars with a can of paint and a weekend of your time. Or it can be remodeled for $100,000 with slab granite, sub-zero stainless refrigerator, and commercial quality appliances. This report is based upon “averages”. In the case of kitchens and baths, it also shows “upscale”.

Here is a look at the estimated current cost vs. the resale return on the money spent:

Job Cost Resale Value Cost Recouped
Additions
Attic Bedroom $60,135 $52,749 87.70%
Back-up Power Generator $16,351 $9,462 57.90%
Bathroom $47,052 $32,057 68.10%
Composite Deck $16,956 $13,922 82.10%
Wood Deck $12,838 $11,744 91.50%
Family Room $100,023 $73,551 73.50%
Garage $69,912 $51,882 74.20%
Master Suite $124,579 $90,616 72.70%
Sunroom $83,463 $45,245 54.20%
Two-Story $184,839 $143,073 77.40%
Upscale
Bathroom $88,000 $58,557 66.50%
Composite Deck $41,428 $29,687 71.70%
Garage $102,955 $68,334 66.40%
Master Suite $257,770 $164,278 63.70%
Remodeling
Basement $74,974 $68,648 91.60%
Bathroom $18,864 $14,517 77%
Home Office $31,479 $17,801 56.50%
Major Kitchen $63,803 $53,923 84.50%
Minor Kitchen $23,210 $21,991 94.80%
Upscale
Bathroom $59,456 $39,648 66.70%
Major Kitchen $120,379 $89,764 74.60%
Replacements
Entry Door $1,353 $1,732 128%
Roofing $24,712 $18,839 76.20%
Vinyl Siding $13,114 $10,674 81.40%
Vinyl Windows $12,760 $11,328 88.80%
Wood Windows $13,804 $12,175 88.20%

These figures are calculated by NAR and I do find myself wondering about some of them. For instance, the return on a roof is shown to be 76.2%, but I know from experience that a house that needs a new roof is very difficult to sell. So it will take longer and it will receive low offers because of the roof. So I personally think that replacing a roof is critical prior to selling in a way that goes beyond the simple return on the cost of the new roof. However, for the sake of comparison, using these figures it is easy to see that the return on a wood deck is 91% whereas the return on a composite deck is 82%. So if the deck is being replaced purely for the purpose of selling the home, it makes more sense to replace the deck with wood.

My final thought on all of this is that you will see that there is only one item that returns `100% of its cost: replacing the front door, which actually returns 128% of the cost. Everything else, even the items with the higher returns, do not return 100%. To me, this means that if you are going to do remodeling, additions, and improvements to your home, do them so that you can enjoy them. Do them now. Don’t put them off. The value of your remodeling is something that you will enjoy every single day that you live in your home. And that is a value that goes beyond anything you can calculate in dollars.

Let us know if you have any questions. Linda and I are always here to help.

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Lake Oswego Market Activity Report ~ March 15-21, 2010

We are keeping a steady pace of activity with 29 truly New, 20 Pending, and 9 Sold properties during last week’s Monday – Sunday period according to RMLS.  Of those 29 New properties, 2 are bank-owned and 3 are short-sales. (I think I’ll write a refresher soon on the distinction to refresh our readers’ memories, so stay tuned.) I included Northshore even though it was “freshened” as it had a significant $134,000. price reduction.

Here’ your data for last week (see below the tables for additional notes):
NEWLY LISTED (March 15—March 21, 2010)

Address List Price # Beds # Baths Total SF Prop Type List Date
58 GALEN ST $87,000 1 1 689 CONDO 3/15/2010
47 EAGLE CREST DR $89,100 2 1 1,009 CONDO 3/16/2010
200 BURNHAM RD $205,850 1 1 820 CONDO 3/18/2010
5054 FOOTHILLS DR $225,000 3 2 1,252 CONDO 3/16/2010
5225 JEAN RD $229,900 2 2 1,400 CONDO 3/15/2010
18420 DON LEE WAY $230,000 3 1 924 DETACHD 3/15/2010
900 CORNELL ST $274,900 3 1.1 1,300 DETACHD 3/18/2010
18 SUMMIT RIDGE CT $299,000 2 2.1 1,548 ATTACHD 3/17/2010
4251 WOODSIDE CIR $305,950 3 2 2,032 ATTACHD 3/18/2010
16540 Lake Forest BLVD $324,900 3 2 1,310 DETACHD 3/15/2010
5291 CHINOOK CT $349,900 7 3 2,331 DETACHD 3/20/2010
18156 PIONEER CT $367,300 3 2 1,600 DETACHD 3/19/2010
1559 WORTHINGTON ST $369,000 4 2 2,016 DETACHD 3/15/2010
19242 TERRY AVE $395,000 4 2 1,872 DETACHD 3/16/2010
5644 WINDFIELD LOOP $425,000 3 3 1,800 DETACHD 3/19/2010
0 Lower DR $449,000 4 2.1 2,575 DETACHD 3/19/2010
12 DA VINCI ST $455,000 4 0.3 3,925 DETACHD 3/21/2010
9 JUAREZ ST $475,000 3 3.1 2,823 DETACHD 3/15/2010
5011 ROSEWOOD ST $534,000 3 1.1 1,698 DETACHD 3/15/2010
3285 CHILDS RD $550,000 3 3 2,423 DETACHD 3/20/2010
960 LAKE FOREST DR $610,000 4 2 2,838 DETACHD 3/18/2010
780 5TH ST $640,000 4 2.1 2,488 DETACHD 3/18/2010
13970 TAYLORS CREST LN $643,490 4 2.1 3,371 DETACHD 3/17/2010
18010 GIMLEY CT $685,000 4 2.5 3,652 DETACHD 3/15/2010
1592 BAY VIEW LN $889,900 4 4.1 4,087 DETACHD 3/15/2010
17537 CARDINAL DR $995,000 4 4 5,282 DETACHD 3/15/2010
18020 SKYLAND CIR $1,198,000 5 3.1 3,328 DETACHD 3/20/2010
425 NORTHSHORE RD $1,395,000 3 3 3,270 DETACHD 3/16/2010
18820 GREENBLUFF DR $1,495,000 4 4.1 5,382 DETACHD 3/21/2010

PENDING SALES (March 15 – March 21, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY $88,500 2 1.1 823 CONDO 77
100 KERR PKWY $90,000 2 1.1 823 CONDO 3
28 WHEATHERSTONE $230,000 3 2.1 1,692 CONDO 145
1137 SPRUCE ST $258,900 3 2 1,214 DETACHD 7
16890 CORTEZ CT $274,900 4 3 2,016 DETACHD 104
3365 UPPER DR $299,999 2 2 1,378 DETACHD 133
5373 LAKEVIEW BLVD $318,500 3 1 2,176 DETACHD 201
12519 27TH PL $339,000 3 2.1 1,975 DETACHD 15
17886 TUALATA AVE $375,000 4 2 1,994 DETACHD 218
12402 27TH PL $375,000 3 2 1,992 DETACHD 26
13707 REGENCY CT $399,000 4 2.1 2,006 DETACHD 18
533 2ND ST $399,000 2 2 1,274 CONDO 42
1414 GREENTREE CIR $449,000 4 2.1 2,330 DETACHD 37
644 7TH ST $449,000 3 2.1 1,640 DETACHD 223
2545 DELLWOOD DR $550,000 5 3.1 3,843 DETACHD 948
18081 WESTMINSTER DR $575,000 4 2.1 2,713 DETACHD 108
17644 WOODHURST PL $629,900 3 2.1 4,509 DETACHD 927
2688 RIVENDELL RD $723,000 4 3 3,720 DETACHD 405
16511 Maple CIR $925,000 3 3 3,341 DETACHD 16
8 DOVER WAY $999,000 6 4.2 6,244 DETACHD 184

SOLD (March 15- March 21, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
5225 Jean RD $189,500 $160,000 2 2 1,100 CONDO 92
668 MCVEY AVE $249,500 $220,000 3 1.2 992 CONDO 56
15 ORIOLE LN $269,900 $264,000 2 2 1,470 DETACHD 23
4955 GALEN ST $455,000 $410,000 3 2.1 1,887 DETACHD 76
624 LIVINGOOD LN $380,000 $440,000 4 3 2,596 DETACHD 15
26 WESTRIDGE DR $479,900 $479,900 4 3 2,758 DETACHD 308
5546 KODERRA AVE $539,900 $502,707 3 2.1 2,445 DETACHD 632
4699 AVERY LN $575,000 $555,000 4 3 2,829 DETACHD 4
13701 SW KNAUS RD $1,595,000 $775,000 5 4.1 5,730 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.

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Lake Oswego Open Houses ~ March 21, 2010

There is quite a lot to see in Lake Oswego this Sunday! 39 total with 11 over a million & most in the mid to upper price ranges.  There is still time to get in on the tax credits (“1st-Time Buyer” & “Moving-Up Credit”), but the clock is ticking.  Enjoy!

Here is what is Open in Lake Oswego today according to RMLS:

Address L/Price # Beds # Baths Total SF Prop Type Open
44 EAGLE CREST DR $119,900 2 1 908 CONDO 1-4PM
12868 BOONES FERRY RD $298,000 2 2.1 1136 CONDO 1-3PM
3269 PHYLLIS CT $349,900 3 1.2 1711 DETACHD 11-1PM
92 GREENRIDGE CT $349,995 3 2.1 1980 ATTACHD 1-3PM
2245 GLEN HAVEN RD $359,000 3 1.1 1276 DETACHD 12-3PM
18922 REDWING WAY $369,900 3 2 2076 DETACHD 2-4PM
119 3RD ST $385,000 3 2 1204 CONDO 1-4PM
405 BOCA RATAN DR $449,000 3 2.1 2040 DETACHD 1-4PM
2104 WEMBLEY PARK RD $469,000 4 3 2052 DETACHD 1-3PM
662 CLARA CT $469,900 3 3 2740 DETACHD 2-4PM
1060 UPPER DEVON LN $559,000 3 2.1 2400 DETACHD 12-2PM
5678 CHARLES CIR $565,000 3 4 3455 DETACHD 1-3PM
17 SCARBOROUGH DR $579,900 4 2.1 3290 DETACHD 2-4PM
19288 SW Megly CT $579,900 5 3 3594 DETACHD 1-5PM
5783 VICTORIA CT $595,000 3 2 2344 DETACHD 1-3PM
7 MOUNTAIN VIEW LN $609,000 5 2.1 3324 DETACHD 1-4PM
13970 TAYLORS CREST LN $643,490 4 2.1 3371 DETACHD 11-2PM
5218 WESTFIELD CT $649,900 4 2.1 3125 DETACHD 1-4PM
1703 VILLAGE PARK LN $789,000 3 2.1 3450 DETACHD 1-3PM
17110 LOWENBERG TER $799,000 4 2.1 2678 DETACHD 1-4PM
18360 DELENKA LN $829,000 4 3.1 4346 DETACHD 2:30-4:30PM
17281 LOWENBERG TER $874,900 4 3.1 3386 DETACHD 1-4PM
17154 LOWENBERG TER $879,900 5 3.1 3497 DETACHD 1-4PM
14480 KRUSE OAKS BLVD $895,000 4 3.1 4661 DETACHD 10-2PM
12439 SW 22ND AVE $899,900 4 3.1 4118 DETACHD 2-4PM
18014 GIMLEY CT $899,950 5 3.1 4887 DETACHD 1-3PM
16827 SCOTT CT $969,000 4 3.1 3952 DETACHD 1-3PM
548 RIDGEWAY RD $999,500 4 3 2830 DETACHD 1-3PM
18222 SIENA DR $1,088,000 6 4.1 3800 DETACHD 1-3PM
1414 COUNTRY COMMONS $1,095,000 4 3.1 5679 DETACHD 1-3PM
18209 SIENA DR $1,178,950 5 3.1 3839 DETACHD 1-3PM
624 ATWATER RD $1,199,000 5 3.1 4858 DETACHD 1-3PM
17464 RIDGEVIEW LN $1,199,950 4 3.1 4407 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 $1,299,950 4 3.1 4198 DETACHD 1-3PM
657 OAK MEADOW DR $1,349,950 4 3.1 4371 DETACHD 1-3PM
17364 RIDGEVIEW CT $1,399,950 4 3.1 4436 DETACHD 1-3PM
2572 GLEN EAGLES PL $2,395,000 5 4.2 6490 DETACHD 1-3PM
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Lake Oswego Open Houses for March 14, 2010

The RMLS is promoting a boat load of open houses for this Sunday in LO. It’s going to be a lovely day with spring weather and lots of sunshine. So I hope you are able to get out and see some of these houses. Of the 39 homes being held open, 8 are condos, 1 is a townhouse, 4 are detached houses priced under $400,000, and 9 are priced at over one million dollars. Whew!

I want to invite you to come to my open house. I will be holding open 211 Oswego Summit from noon to 3pm. This is a gorgeous, one-level condo with sweeping mountain and city views. Priced at $229,900, with 2 big bedrooms and 2 full baths, it is a very affordable way to live in Lake Oswego. There are NO STAIRS and there is a single-car garage with an opener for easy entry on rainy days. I am just very proud of this property and I think you will see why. Plus, I’d love to meet you!

Here is the full list of this Sunday’s opens:

Address List Price # BR # BTHS Total SF Prop Type Open
4 TOUCHSTONE $129,000 2 2 984 CONDO 12 to 3
211 OSWEGO SMT $229,900 2 2 1,506 CONDO 12 to 3
4340 BOTTICELLI ST $239,900 3 3.1 2,098 CONDO 1 to 3
5055 Foothills DR $265,000 3 2 1,252 CONDO 1 to 3
5056 FOOTHILLS DR $269,000 2 2 1,252 CONDO 1 to 3
1723 CONIFER DR $312,950 3 2 1,602 DETACHD 12 to 3
2320 GLEN HAVEN RD $319,900 3 1.1 1,346 DETACHD 1 to 4
4310 SILVER CT $339,000 2 3.1 1,996 CONDO 12:30 to 3:30
3056 WEMBLEY PARK RD 339000 3 2 2,600 DETACHD 1 to 4
3269 PHYLLIS CT 349900 3 1.2 1,711 DETACHD 1 to 4
15 CHURCHILL DOWNS 375000 4 2 2,014 DETACHD 1 to 4
12402 27TH PL 375000 3 2 1,992 DETACHD 1 to 4
17763 MARDEE AVE 399500 5 3 2,300 DETACHD 1:30 to 3:30
119 3RD ST 399900 3 2 1,204 CONDO 2 to 4
15655 TWIN FIR RD 437000 3 2 2,095 DETACHD 1 to 3
5475 WILLOW CT 479900 3 2.1 2,438 ATTACHD 1 to 3
2705 SW ORCHARD HILL LN 499350 3 2.1 2,841 DETACHD 1 to 4
17802 HILLSIDE WAY 514998 4 2.1 2,965 DETACHD 1 to 3
14584 PFEIFER WAY 559000 3 2 2,600 DETACHD 3 to 5
33 MORNINGVIEW CIR 574900 3 2.1 2,737 DETACHD 2 to 4
19288 SW Megly CT 579900 5 3 3,594 DETACHD 1 to 5
815 COUNTRY COMMONS LN 595000 4 3 2,376 DETACHD 2 to 3:30
5218 WESTFIELD CT 699500 4 2.1 3,125 DETACHD 1 to 4
17645 OAK MEADOW LN 699900 4 2.1 3,510 DETACHD 12 to3
1015 SW SOUTHSHORE BLVD 789000 4 3 3,522 DETACHD 2:30 to 4
282 GREENWOOD RD 799500 3 2.1 2,538 DETACHD 1 to 4
1633 MAPLE ST 848500 3 3 3,405 DETACHD 1 to 3
17896 SW KELOK RD 974500 5 5 4,323 DETACHD 12:45 to 2:15
8 DOVER WAY 999000 6 4.2 6,244 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
17464 RIDGEVIEW LN 1199950 4 3.1 4,407 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 to 3
657 OAK MEADOW DR 1349950 4 3.1 4,371 DETACHD 1 to 3
17364 RIDGEVIEW CT 1399950 4 3.1 4,436 DETACHD 1 to 3
2572 GLEN EAGLES PL 2395000 5 4.2 6,490 DETACHD 1 to 3
4962 BILFORD LN 429900 3 2.1 DETACHD 1 to 3

Have a great weekend, Dianne

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Lake Oswego Market Activity Report ~ March 1-7, 2010

There are a whopping 31 truly New, 16 Pending, and 8 Sold properties during last week’s Monday – Sunday period according to RMLS.

Here’ your data for last week (see below the tables for additional notes):
NEWLY LISTED (March 1—March 7, 2010)

Address List Price # Beds # Baths Total SF Prop Type List Date
129 OSWEGO SMT $80,000 1 1 764 CONDO 3/1/2010
4 TOUCHSTONE $184,900 2 2 1,029 CONDO 3/2/2010
87 OSWEGO SMT $209,900 2 1.1 1,116 ATTACHD 3/2/2010
5057 FOOTHILLS DR $229,000 3 2 1,252 CONDO 3/2/2010
18021 TUALATA AVE $269,999 3 1 1,410 DETACHD 3/5/2010
16200 PACIFIC HWY $279,900 2 2 1,208 CONDO 3/1/2010
2320 GLEN HAVEN RD $319,900 3 1.1 1,346 DETACHD 3/7/2010
4505 WILDWOOD ST $329,900 3 2 1,720 DETACHD 3/5/2010
12519 27TH PL $339,000 3 2.1 1,975 DETACHD 3/1/2010
16969 ALDER CIR $369,900 3 2 1,534 DETACHD 3/1/2010
6338 WASHINGTON CT $384,900 3 1 1,558 DETACHD 3/2/2010
13707 REGENCY CT $399,000 4 2.1 2,006 DETACHD 3/1/2010
17763 MARDEE AVE $399,500 5 3 2,300 DETACHD 3/3/2010
446 LIVINGOOD LN $399,900 4 2 2,440 DETACHD 3/1/2010
2104 WEMBLEY PARK RD $469,000 4 3 2,052 DETACHD 3/1/2010
2794 VALE CT $486,000 3 2.1 2,968 DETACHD 3/2/2010
452 EVERGREEN RD $489,000 4 1.1 1,677 ATTACHD 3/3/2010
24 INDEPENDENCE AVE $499,950 6 3.1 3,773 DETACHD 3/5/2010
15266 CANDLEWOOD CT $499,988 4 3 2,569 DETACHD 3/1/2010
19 FALSTAFF ST $500,000 4 2.1 3,207 DETACHD 3/1/2010
17802 HILLSIDE WAY $514,998 4 2.1 2,965 DETACHD 3/1/2010
12 MONTICELLO DR $549,000 4 2.1 3,658 DETACHD 3/4/2010
17 SCARBOROUGH DR $579,900 4 2.1 3,290 DETACHD 3/6/2010
4 NANSEN SUMMIT $625,000 4 2.1 3,257 DETACHD 3/1/2010
1015 SW SOUTHSHORE BLVD $789,000 4 3 3,522 DETACHD 3/1/2010
17151 CORNELL ST $835,000 4 3 3,422 DETACHD 3/2/2010
2886 UPPER DR $850,000 2 3 2,674 DETACHD 3/7/2010
749 SOUTHVIEW RD $899,000 4 2.1 3,052 DETACHD 3/5/2010
16511 Maple CIR $925,000 3 3 3,341 DETACHD 3/1/2010
17344 CEDAR RD $1,099,000 4 2.1 2,831 DETACHD 3/1/2010
408 Northshore RD $1,399,000 4 3.1 3,753 DETACHD 3/1/2010

PENDING SALES (March 1 – March 7, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE $129,000 2 2 979 CONDO 6
73 GALEN ST $139,900 2 2 995 CONDO 116
668 MCVEY AVE $209,000 2 1 852 CONDO 34
15935 KIMBALL AVE $230,500 3 2 1,542 DETACHD 9
15 BLOCH TER $274,900 3 2.1 1,973 ATTACHD 176
18530 PILKINGTON RD $274,950 3 2 1,925 DETACHD 445
15 SAINT HELENS CIR $309,800 3 2 1,528 DETACHD 6
1234 MAPLE ST $339,900 3 2 1,550 DETACHD 164
1565 BEDFORD CT $344,900 3 2 1,978 DETACHD 251
15921 KIMBALL AVE $389,900 3 2 2,309 DETACHD 3
16044 INVERURIE RD $399,000 2 1 952 DETACHD 27
13052 KNAUS RD $475,000 5 3 3,026 DETACHD 34
551 2ND ST $499,000 2 2 1,631 CONDO 28
4668 HASTINGS PL $574,900 3 2.1 2,630 DETACHD 0
1052 TROON RD $659,900 3 2.1 2,310 DETACHD 112
17379 Canal CIR $998,000 4 4 3,421 DETACHD 7

SOLD (March 1- March 7, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
17659 DEEMAR WAY $249,000 $140,000 3 2 1,382 DETACHD 90
3 SUMMIT RIDGE CT $300,000 $260,000 2 2.1 1,576 ATTACHD 218
13680 SHIREVA DR $299,900 $289,900 3 2 1,504 DETACHD 23
702 TERRACE DR $475,000 $370,000 3 3 3,429 DETACHD 103
4040 VIRGINIA WAY $524,900 $515,000 3 2.1 2,623 DETACHD 243
4581 HASTINGS PL $574,900 $550,000 4 2.1 2,985 DETACHD 24
17649 WOODHURST PL $776,900 $567,000 6 4.1 5,669 DETACHD 285
567 6TH ST $779,000 $779,000 4 3.1 2,568 DETACHD 81

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.

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New Lake Oswego Lots (River Grove)

There is some buzz in River Grove lately as word spreads that the property off of Childs Rd.,  east of Pilkington between there & Bryant Rd. has been designed for 34 lots by Renaissance Custom Homes.  The area is a sought-after intersection of sleepy River Grove residential living and nearby shops, freeway access and so much more.  Neighbors have been anticipating the future of this land for quite some time as it has languished undeveloped and left many surrounding residents wondering at its fate.

I spoke with Jack Hall of Renaissance who confirmed that they are taking lot reservations for a fully refundable cost of $2500. per lot.  The plats are not recorded as yet, but I’m told that all has been approved, with lots ranging from 7400SF – 11,000SF.  Homes range from 2100SF to 3600SF with prices from $559,900 to $659,900. Excavation with roads and utilities will begin the first week in July. Assuming recording of the plat in October, you would be in your new home by Spring 2011!

The big kick-off party was held at Renaissance this past Monday evening where I’m told floor plans, prices and a fit list were released.  The result was that three of the 34 lots are now reserved.  More information may be obtained by contacting Jack Hall at 503 545 3982.  You may also wish to visit Renaissance Woods online at: http://www.renaissance-homes.com/futureDev.html As always, feel free to give Dianne or me a call as we’d be happy to assist you if you are not already working with a Realtor.

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Lake Oswego Market Activity Report ~ Feb 22-28, 2010

There were 20 New, 12 Pending, and 7 Sold properties during last week’s Monday – Sunday period according to RMLS.  Of the “New” properties hitting the market, 4 of them (Townhomes/Condos) are listed at under $200,000., and 5 of the “Detached” residences are listed at under $400,000.  Of the 7 “Detached” residences that Sold, 4 of them were $400,000 and under. Nothing over a million is New, Pending or Sold this week… as a matter of fact, $619,900 topped the “Sold” price tags this time around in Lake Oswego.

Here’ your data for last week (see below the tables for additional notes):
NEWLY LISTED (Feb. 22—Feb. 28, 2010)

Address List Price # Beds # Baths Total SF Prop Type List Date
47 EAGLE CREST DR $105,000 3 1 1,024 CONDO 2/25/2010
4 TOUCHSTONE $129,000 2 2 979 CONDO 2/28/2010
4000 CARMAN DR $142,000 2 2 973 CONDO 2/23/2010
16 MOUNTAIN CIR $189,000 2 2 1,065 ATTACHD 2/26/2010
26 CONDOLEA DR $229,900 2 2 1,420 CONDO 2/26/2010
3433 MCNARY PKWY $250,000 2 2.1 1,156 CONDO 2/24/2010
15 SAINT HELENS CIR $309,800 3 2 1,528 DETACHD 2/24/2010
3269 PHYLLIS CT $349,900 3 1.2 1,711 DETACHD 2/26/2010
6380 SW WASHINGTON CT $375,000 3 2 1,720 DETACHD 2/22/2010
624 LIVINGOOD LN $380,000 4 3 2,596 DETACHD 2/23/2010
1285 LEE ST $395,000 3 3 2,284 DETACHD 2/25/2010
37 D AVE $450,000 3 1.1 1,701 DETACHD 2/22/2010
57 CONDOLEA TER $469,000 2 2.1 2,172 CONDO 2/22/2010
9 MASARYK ST $499,999 4 3 2,822 DETACHD 2/27/2010
1162 LAKESHORE RD $550,000 2 1.1 1,248 DETACHD 2/22/2010
18238 TAMAWAY DR $595,000 5 3 5,504 DETACHD 2/22/2010
7 MOUNTAIN VIEW LN $659,500 5 2.1 3,324 DETACHD 2/22/2010
17645 OAK MEADOW LN $719,900 4 2.1 3,510 DETACHD 2/23/2010
17555 REDFERN AVE $749,900 4 3.1 3,007 DETACHD 2/26/2010
16827 SCOTT CT $969,000 4 3.1 3,952 DETACHD 2/28/2010

PENDING SALES (Feb. 22 – Feb. 28, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
7 CRESTFIELD CT $89,900 1 1 689 CONDO 10
47 EAGLE CREST DR $110,000 2 1 932 CONDO 25
1547 BOCA RATAN DR $198,600 2 1.1 1,008 ATTACHD 168
4948 MEADOWS RD $222,000 3 2 2,491 DETACHD 253
1248 OAK ST $244,900 2 1 900 DETACHD 73
668 MCVEY AVE $249,500 3 1.2 992 CONDO 56
29 ORIOLE LN $265,000 3 2.1 1,644 DETACHD 175
980 C AVE $399,500 3 2 1,312 DETACHD 145
4002 TEMPEST DR $430,000 4 3.1 4,319 DETACHD 8
5400 BAY CREEK DR $499,900 4 2.1 2,856 DETACHD 277
13504 STREAMSIDE DR $590,000 4 2.1 3,467 DETACHD 216
260 PINE VALLEY RD $995,000 4 3.1 3,900 DETACHD 522

SOLD (Feb. 22- Feb. 28, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
2062 CEDAR CT $299,000 $310,000 4 2 1,800 DETACHD 237
15430 PARTRIDGE DR $379,000 $356,000 3 2.1 2,207 DETACHD 118
2530 PALISADES CREST DR $376,200 $392,000 4 2.1 2,774 DETACHD 20
3634 TEMPEST DR $424,900 $400,000 4 3 2,931 DETACHD 3
830 CABANA LN $668,250 $572,941 4 3.1 3,029 DETACHD 79
38 DA VINCI ST $629,000 $615,000 4 2.1 2,932 DETACHD 214
9 HIDALGO ST $670,000 $619,900 4 4.2 5,310 DETACHD 525

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.

Posted on

Lake Oswego Market Trends

I thought it would be interesting to do a couple of snap shots of various price points in the Lake Oswego real estate market. These each cover all listing/sold activity for the last six months and are divided into value ranges. These are for single-family, detached homes and are all located in the 97034 and 97035 zip codes.  Click on any of the graphs to see a larger, easier-to-read version:

Houses priced from $200,000 to $400,000

  • 166 were offered for sale
  • 88 sold
  • There is currently a listing inventory of 6.3 month
  • The average sales price was $324,773
  • Among the sold homes, the CDOM (cumulative days on the market) averaged 129 days

Houses priced from $400,000 to $600,000

  • 156 were offered for sale
  • 71 sold
  • There is currently a listing inventory of 10.7 months
  • The average sales price was $480,964
  • Average cumulative days on the market to sell was 165 days

Houses priced from $600,000 to $800,000

  • 76 were offered for sale
  • 36 sold
  • There is currently an inventory of 10.7 months
  • The average sales price was $701,924
  • Cumulative days on the market to sell was 234

Houses priced from $800,000 to $1,200,000

  • 76 were offered for sale
  • 30 sold
  • There is an inventory of 17.2 months
  • Average sales price was $947,899
  • Cumulative days on the market to sell was 373 days

Homes priced $1,200,000 to $2,200,000

  • 52 were offered for sale
  • 16 sold
  • There is a 24.5 month inventory
  • Average sales price was $1,552,281
  • Cumulative days on the market was 323

I like these little snap shots.  It allows you to visually see the market.  It is very apparent that the first-time-home buyer tax credit that was originally supposed to expire in November had a big impact on the less expensive homes (we will probably see something similar this April with the extension).  It’s also very easy to see that less expensive homes sell more easily than more expensive homes.  Cumulative days on the market in the expensive homes is out and out ugly.

One reason for doing this post, this week, was so that I could play with the new statistics function being offered to Realtors by the RMLS.  Our local multiple listing service was the first in the entire United States to go completely web-based about 8 years ago.  Since then they have continued to push the functions of the website and the new statistics function is the latest enhancement.  It still has some limitations, but it is really cool.  Linda and I can now take snap shots of pretty much any part of the market, depending on what our clients needs are, and produce these spiffy graphs and statistics.  Besides being fun, I think it’s going to be extremely helpful.

I hope you found something useful in the information presented today.  If you have any other areas of the market you’d like studied or questions you’d like answered, just let us know.

Dianne

Posted on

City Chickens….

You’d have to be hiding under a rock somewhere not to have heard all the buzz about “chickens in the city”.  I haven’t witnessed such passionate discourse on anything other than elections, health insurance reform, or bank bailouts in quite a long time…on both sides of the issue. I do have to admit that chicken lovers seem to be most invested in the subject though, and therefore they are winning their battles all across the country.  Believe me, it’s not pretty when people who want chickens are told they cannot have them on their own property. Here’s an article from MSNBC in Sept ’09 entitled  ” In Portland, Ore., urban chickens rule the roost” . They even get into the fact that Portland’s Mayor Sam Adams owns two hens (I didn’t know that!).   Hmmm… Chickens in Portland on the national stage…

Chickens are said to make great pets, produce eggs, and eat table scraps like a dog but bark less. Actually they are said to make less noise (chickens don’t bark, silly!). I have friends with chickens, and witness much Facebooking and Twittering about these feathery pets. Recipes are exchanged online, and of course the fact that the eggs used came from the family pet always features prominently. My friend Pamela (who is a fabulous cook) feeds Adele, Fatima, Georgina, Hera and Irene fruit, vegetable, and bread leftovers.  (That’s Hera at the top of the page.) Just as there are “victory gardens” springing up everywhere these days that fit in nicely with the welcome & spreading focus on organic foods, home-grown eggs are also food you can count on for your family in times both lean and luxurious.

Chicken coops are appearing over backyard fences in every metropolitan area. Some of them are downright “designer”. Now, whether cities allow chickens or not is another matter. Many do not. Portland does… Beaverton does not. Salem does not. Tigard and Gresham only allow them on unusually large lots (must be 100 feet from neighbors). Almost all prohibit roosters (eggs do not require a rooster…  unless you want baby chicks). According to The City Chicken, Lake Oswego does allow them, does not prohibit roosters, and does not place a limit on how many you may have. That said, roosters in particular may end up in violation of city noise ordinances, so Lake Oswego is not about to give up on quality of life for neighbors of chickens.  Here is a resource for basic info about whether or not they are allowed in your location: Chicken Laws

Remember, if you decide to take on the delightful adventure of keeping chickens at your home, they are pets, and do require care and attention. (These are “The Irene’s” to the right… little Irene named after Pamela’s best friend.)  Give some thought to care, feeding, lodging and protection. Cats are attracted to them, and one cat doing what is natural can end up breaking your heart.

Below, you’ll find some links to sites with all kinds of information regarding: chickens, raising them in urban environments, organizing to change your city’s ordinances, educating yourself on avian flu, general upkeep, and lots more:

Mad City Chickens

The City Chicken

Pistils Nursery (Country Living in the City)

Keeping Chickens Blogspot

Feel free to use this forum to discuss your own experiences of “chickens in the city”.  We’d love to hear from you!  (Many thanks to my friend Pamela for the photos of her beauties!)