Here is your market activity report for last week. There are 17 new listings, 9 pending sales, and 2 closed sales. When I did my search for new listings the report originally contained over 50 properties, which seemed way high to me. So I explored the market history on each of them and found that only 17 were truly new listings and all of the rest were old listings that were pulled and then re-listed with new RMLS numbers to “refresh” them. It’s a common practice to stimulate sales activity. However, I think it is helpful to see what is a actually a new listing versus this marketing technique. I can not promise that time will always permit me to take this extra step, but when I can, I will. I was also pleased to see 9 pending sales, which is a bit of a gain over what we were seeing in the holidays.
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
LIST DATE
|
| Address | List Price | #BR | #Bths | Total SF | Prop Type | List Date | ||
| 57 GALEN ST | $129,500 | 1 | 1 | 689 | CONDO | 1/17/2009 | ||
| 136 OSWEGO SMT | $142,000 | 1 | 1 | 764 | CONDO | 1/15/2009 | ||
| 4 TOUCHSTONE DR | $194,900 | 3 | 2.1 | 1,351 | CONDO | 1/13/2009 | ||
| 545 HEMLOCK ST | $339,900 | 3 | 1.1 | 984 | DETACHD | 1/12/2009 | ||
| 3 SAINT HELENS CIR | $359,000 | 2 | 2 | 1,472 | DETACHD | 1/12/2009 | ||
| 1234 MAPLE ST | $379,000 | 3 | 2 | 1,947 | DETACHD | 1/14/2009 | ||
| 1052 YATES ST | $389,900 | 3 | 1.1 | 1,286 | DETACHD | 1/12/2009 | ||
| 14498 CAMDEN LN | $469,900 | 4 | 2.1 | 1,918 | DETACHD | 1/15/2009 | ||
| 6067 CLAIRMONT CT | 529000 | 4 | 2.1 | 2,344 | DETACHD | 1/12/2009 | ||
| 1862 KILKENNY DR | 549900 | 3 | 2.1 | 2,485 | DETACHD | 1/15/2009 | ||
| 827 5TH ST | 550000 | 3 | 2 | 2,124 | DETACHD | 1/16/2009 | ||
| 745 4TH ST | 579000 | 3 | 2 | 2,662 | DETACHD | 1/12/2009 | ||
| 4116 ORCHARD WAY | 683950 | 5 | 3.1 | 4,078 | DETACHD | 1/16/2009 | ||
| 15713 TARA PL | 729000 | 4 | 2.1 | 3,442 | DETACHD | 1/17/2009 | ||
| 13601 GOODALL RD | 875000 | 3 | 1.1 | 2,662 | DETACHD | 1/14/2009 | ||
| 17404 BERGIS FARM DR | 1297000 | 5 | 4.1 | 5,394 | DETACHD | 1/17/2009 | ||
| 13770 CAMEO CT | 2298000 | 4 | 5.1 | 6,929 | DETACHD | 1/14/2009 |
PENDING SALES (January 12, 2009 – Janaury 18, 2009, 2008)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | List Price | #BR | #BTHS | Total SF | Prop Type | CDOM | |||
| 5225 JEAN RD | $189,875 | 2 | 2 | 1,100 | CONDO | 168 | |||
| 6291 HARRINGTON AVE | $249,900 | 3 | 2 | 1,472 | DETACHD | 99 | |||
| 4451 BERNARD ST | $349,950 | 3 | 2 | 1,800 | DETACHD | 190 | |||
| 5079 W SUNSET DR | $379,950 | 2 | 2.1 | 1,760 | ATTACHD | 336 | |||
| 18971 INDIAN SPRINGS CIR | $399,950 | 3 | 2 | 1,525 | DETACHD | 9 | |||
| 4 BRITTEN CT | $429,000 | 3 | 2.1 | 1,972 | ATTACHD | 74 | |||
| 1265 ROCKINGHORSE LN | $444,000 | 4 | 3 | 2,402 | DETACHD | 189 | |||
| 5364 LANGFORD LN | $715,950 | 3 | 2.1 | 3,022 | DETACHD | 258 | |||
| 14270 EDENBERRY DR | 749900 | 4 | 2.1 | 2,935 | DETACHD | 104 |
SOLD (January 12, 2009 – January 18, 2009)
| ADDRESS | ORIG. PRICE | SALE PRICE |
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | O/Price | Close Price | #BR | #BTHS | Total SF | Prop Type | CDOM | ||
| 7050 CHILDS RD | $498,000 | $385,000 | 2 | 2 | 1,693 | DETACHD | 573 | ||
| 2584 PARK RD | $679,000 | $480,000 | 4 | 2 | 2,302 | DETACHD | 279 | ||
Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer.
If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.
There are 20 scheduled open houses being promoted on the RMLS this weekend, including my open house at 4447 Golden Lane. I’ll be there from 1-4. It’s an end-unit townhouse in Mt. Park with 2 bedrooms and 2.5 baths. Listed for $284,900, the Kitchen has new granite counters. There are walls of South-facing windows that let in lots of light and give the home large views of the gorgeous landscaping. To get there, take Carmen Drive to Fosberg, to Melrose, to Thundervista, to Golden. You’ll see my signs at the intersection of Fosberg and Melrose. Please come by, I’d love to meet you.
This is probably the single most common question that buyers universally ask. After all, you want to get the property for a fair price that is not too high, but you also have other concerns that you want to address. How do you frame the offer to cover all of your concerns?
We’ve given you plenty of coverage of the exciting and unusual weather experienced lately here in Lake Oswego. I hesitate to scare the bajeezeez out of anyone contemplating living here, and/but believe that even though this is unusual weather, the story I’m about to share is extremely valuable for just that reason, and highlights the importance of giving great consideration to the type of insurance you decide to carry when purchasing a home.
Scott Burns, a professor of geology at Portland State University advises: “The important thing is to get people in Portland and the rest of this area to ask the question, ‘What can I do to prevent landslides on my property?’ ” “There was just a lot of storm water going down the streets and going in every direction,” said Bill Burns, an engineering geologist with the state Department of Geology and Mineral Industries. “There was just so much water, it was just over-taking the system.”
The family reportedly had homeowners insurance, but not the additional protection of landslide coverage which is typically excluded from most policies. I would pose that in addition to being the most diligent and informed homeowner you can possibly be, you also need to acknowledge that sometimes “stuff happens”, and therefore it is prudent to assess any “potential” hazards (even if you believe them unlikely) and protect yourself with appropriate insurance. This means you may end up being the one inquiring as to the availability of such add-ons, and so need to come armed to any discussion with data to guide your inquiries and decisions. To that end, let me provide you with some basic information, which I suggest you view as a primer, and not as the replacement for consultation with your insurance agent who, unlike me, is the “insurance expert”:
Wow! A newscaster said yesterday that we are experiencing the biggest snow event since 1964! For those of you who tune in to the Blotter from out of state, I am attaching a few photos so that you can see what we are talking about. Dianne has posted some for your amusement as well. We usually focus on real estate pretty much exclusively in our Blog, but with this kind of excitement, we can’t resist giving you a little local flavor.
Main roads are kept pretty passable with mostly packed snow, and are sanded regularly (Oregon does not use salt), but side streets, especially hilly ones, are let’s say… invigorating! Kids who have been out of school an extra week this Winter Break are sledding everywhere. Lots of folks have bagged their aspirations of mobility as evidenced by the feet of snow burying their cars on the sides of many roads. Others who are able and so inclined have headed for Mt. Hood where skiing is incredible, and road crews are always ahead of the curve. Trees laden with snow and ice have released some of their burden in the form of limbs in yards and on roadsides. But hey… it’s pretty!
Christmas has taken on a completely different tone this year. Instead of filling the malls, people gather in kitchens around batches of cookies. Fireplaces are the center of many homes where friends, family and a variety of hot beverages and toddies complete the picture. The uptick in Internet shopping in the area has kept UPS busy all over! This year is definitely one we will never forget.