Market Activity May 13-19, 2013

Last week there were 24 New properties going on the market in Lake Oswego, 19 that went to Pending status, and 17 that Sold/Closed.

Here are further details regarding last week’s Market Activity according to RMLS:

NEW SALES (May 13-19, 2013):
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Address Type Price BR Bths SF
4000 Carman Dr #23 Condo $109,000 2 2 866
47 Eagle Crest Dr #60 Condo $139,900 3 2 1026
5225 Jean Rd #108 Condo $179,000 3 2 1500
4302 Botticelli St #2 Condo $243,900 3 3.5 2298
5062 Foothills Dr A Condo $269,000 1 1.5 1252
79 Kingsgate Rd Detached $369,000 3 2.5 1938
5915 Burma Rd Detached $379,900 5 3 3891
1129 Cherry Ln Detached $379,900 4 2.5 2421
1716 Hallinan St Detached $449,900 3 3 1916
343 3rd St Attached $469,500 3 3.5 1959
16933 Greentree Ave Detached $498,900 3 2.5 2276
12 Monticello Dr Detached $499,000 4 2.5 3658
3540 Upper Dr Detached $524,900 4 2.5 2716
10 Scarborough Dr Detached $560,000 4 3 3537
20 Cellini Ct Detached $594,000 4 3 2876
15837 Allison Pl Detached $599,900 4 2.5 3534
2440 Overlook Dr Detached $625,000 4 3 3876
5052 Woodcrest Ln Lot 12 Detached $669,900 4 3.5 3340
17303 Grandview Ct Detached $699,000 4 3.5 3661
2183 Hillside Ct Detached $849,000 4 3.5 4473
215 Chandler Pl Detached $875,000 4 2.5 3118
769 2nd St Detached $899,000 4 3.5 2862
12800 Goodall Rd Detached $4,850,000 4 4 3780
1865 Palisades Terrace Dr Detached $7,900,000 5 5.5+.5+.5 8800

PENDING SALES (May 13-19, 2013)

Address Type Price BR Baths SF DOM
4043 Jefferson Parkway Condo $159,000 2 2.5 1182 16
10 Oriole Ln Detached $234,900 2 2 1654 85
88 Kingsgate Rd Detached $299,500 3 2.5 1675 8
3550 Lake Grove Ave Detached $319,900 3 2 1577 423
18410 Indian Creek Dr Detached $324,000 4 2 1739 6
1615 Hallinan St Detached $349,900 4 2 1500 4
1745 Mapleleaf Rd Detached $389,900 3 2 1518 3
598 Milburn Ct Detached $399,900 4 2.5 3036 6
31 Nova Ct Detached $423,000 4 2.5 2106 10
15939 Twin Fir Rd Detached $475,000 3 2 2480 483
1701 Highland Dr Detached $479,000 4 3 3126 66
18207 Westminster Dr Detached $489,000 4 2.5 2258 9
5880 Meadowcreek Ct Detached $625,000 3 2.5 2905 5
980 B Ave Detached $679,900 3 2.5 2999 90
1667 Village Park Ln Detached $849,000 5 3.5 5027 74
14530 Uplands Dr Detached $929,000 4 3.5 3998 228
760 7th St Detached $969,000 4 4.5 4536 33
310 Iron Mountain Blvd Detached $987,000 4 2.5+.5 3503 539
17282 Lake Haven Dr Detached $1,050,000 4 2.5 3664 41

SOLD (May 13-19, 2013)

Address Type List Price Closed Price Sq Ft CDOM
3433 McNary Pkwy #106 Condo $124,900 $114,900 1008 30
4 Touchstone #152 Condo $140,000 $135,000 1351 35
63 Greenridge Ct Attached $270,000 $270,000 1788 1
1505 Eastview Ct Detached $499,900 $325,000 2,887 513
4264 Westbay Rd Detached $369,000 $380,000 1308 12
4471 Chapman Way Detached $395,000 $395,000 1989 1
15495 Tanager Dr Detached $450,000 $405,000 2255 140
1429 Greentree Circle Detached $472,900 $445,000 2599 298
4986 Mulholland Dr Detached $469,900 $465,000 2503 3
7 Hillshire Dr Detached $499,500 $499,500 2978 3
5624 Southwood Dr Detached $575,000 $535,000 3120 6
1267 Cherry Ln Detached $615,000 $615,000 3311 0
5148 Woodcrest Ln Detached $665,000 $655,000 3110 8
868 7th St Detached $729,000 $686,000 2690 26
1670 Village Park Ln Detached $779,000 $715,000 3466 44
17625 Woodhurst Pl Detached $949,000 $920,000 4197 206
13068 Knaus Rd Detached $1,699,000 $1,265,000 6512 267

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

Remodeling for Resale

RMS_Uptown-Foursquare_kitchen-remodel-backsplash-after_s3x4_lgIt’s spring and we are heading into the season when home owners are taking on home projects. This is a great time of year to clean up the yard, touch up the paint, and perhaps consider doing some remodeling. I thought I’d share some of my thoughts so that not only will your remodeling bring you additional pleasure as you live in your home, but it may also help you when it comes time to sell.

Best bang for the buck
Without question the best return on the investment in remodeling is the front door. Time and again when the National Association of Realtors puts out their annual rate of return on investment, the front door holds the top position. In fact, it is the only area of the home where you can gain more than the cost of the remodel.

Consider a new door if the door you currently have is beat up or out of character to the house. If it’s a nice door that needs new life, consider paint and new hardware. Also, pay attention to the weather stripping and the threshold. Clean it, paint it, repair it.

As a real estate agent, I know the front door makes the first impression. As I take the time to open the lockbox and unlock the door, my client is looking about and deciding what they think. If they like what they see, they enter the house looking to re-enforce that good impression. If they don’t like what they see, they enter the house ready to criticize.

Kitchen and Baths are the King and the Queen
Buyers today want large, functional kitchens and baths, particularly master baths, that meet contemporary needs. Especially when you get up into higher-end homes, buyers have expectations that the kitchen will have plenty of cabinets, lots of counter tops, and perhaps a pantry. The master bath should have a walk-in shower, a bathtub, double sinks, and perhaps a separate water closet for the toilet.

When showing property in the $600,000+ range, if it does not have the sort of kitchen and baths that I am describing, the house just is not going to sell at top value. Buyers are going to look at the cost to purchase and then calculate the cost to remodel. They will base their offer on that total sum. There is an exception to this broad opinion. Houses with unique features such as waterfront, views, or lush lots are exempt from this. However, it is my opinion that for your standard house on your standard lot, there is a $100,000 difference in value when a house has been properly updated.

Keep the remodeling in character to the house
While it is tempting to gut the house and put in 2013 everything, it may just shoot you in the foot. What is in fashion today will be out of fashion tomorrow. If you intend to sell soon, this year or next, you are probably OK going with 2013 everything because it is shiney and new and popular today. But if you are doing remodeling and not intending to sell immediately, please consult a designer and get advice on sticking with classic elements that will not be be based on fads.

There is nothing worse than a 1940’s house with a 1980s update. There is a fine line between remodeling and destroying. If your house has classic elements such as built-ins, moldings, brick, flagstones and fine touches from it’s original construction, those elements will retain value over time. Perhaps those elements can be salvaged and re-used? Be creative. Get good professional advice from designers and architects.

Most bang for the buck #2
Paint and clean, there is nothing cheaper that goes so far. Declutter, sort out closets, have a garage sale or donate that clutter to a good charity. You will find enjoyment in living in your house when it is fresh and clean, and you will have taken a big step towards having it re-sale ready.

This particular post is based upon my personal experience and opinion. I hope you find it helpful. I hope you can get yourself going and enjoy the rewards of taking good care of your home.
Dianne

Open Houses 3/10/13

It’s going to be a great weekend with 12 houses being held open on Sunday.  Enjoy!

Address Type Price Bedroom Bath Open
118 Oak St Detached $285,000 3 1-Jan 1 to 3
14414 Orchard Springs Rd Condo $369,900 4 2.5 1 to 4
4502 Auburn Ln Attached $439,900 3 3.5 1 to 4
1429 Greentree Circle Detached $459,500 4 2.5 1 to 4
4890 Sage Hen Circle Detached $484,900 4 2.5 1:30 to 3
2227 Hillside Dr Detached $495,000 4 3 2:30 to 4:30
16792 Quail Ct Detached $548,950 3 2.5 1 to 3
5533 Fieldstone Detached $599,500 4 2.5 1 to 3
3130 Westview Ct Detached $649,000 4 3.5 1 to 4
4102 Chad Dr Detached $672,000 4 2.5 1 to 4
1222 Glenmorrie Dr Detached $699,999 4 3 1 to 4
1667 Village Park Ln Detached $975,000 5 3.5 1 to 3

 

Open Houses for 1/13/13

Tomorrow will be cold, but clear. A great day to see some houses. There are 18 scheduled on the RMLS Open House Tour. Have a great weekend!

Address Type Price BR Baths Open
47 Eagle Crest Dr #42 Condo $104,500 2 1 1 to 3
4263 Harvey Way Detached $349,000 3 2 1 to 4
1670 Fircrest Dr Detached $425,000 4 3 1 to 3
1429 Greentree Circle Detached $459,500 4 2.5 2 to 4
17802 Treetop Ln Detached $529,000 4 3.5 1 to 3
15655 Fieldstone Dr Detached $589,500 4 2.5 1 to 3
5533 Fieldstone Ct Detached $599,500 4 2.5 1 to 3
18096 Pilkington Rd Detached $599,900 3 2.5 1 to 3:30
12424 Orchard Hill Rd Detached $599,950 3 3 1 to 4
1015 Southshore Blvd Detached $638,500 4 3 2 to 4
4102 Chad Dr Detached $672,000 4 2.5 1 to 4
831 Northshore Rd Detached $800,000 3 2.5 1 to 4
16805 Scott Ct Detached $892,000 4 3.5 2 to 4
329 10th St Detached $949,980 4 2.5 1 to 3
2070 Wembly Park Rd Detached $998,000 5 4.5 1 to 3
1217 Lake Front Rd Detached $1,195,000 3 2.5 2 to 4
112 Northshore Cir Detached $1,650,000 3 3.5 11 to 4
5501 Rachel Ln Detached $749,800 4 2.5+.5 1 to 3

Eve On The Lake

Eve-on-the-LakeWEB-HEADER8

The City of Lake Oswego is hosting its first annual Eve On The Lake. From 8pm to 2am, the event will feature endless hors d’ouvres, dancing, live music with Tom Grant and Shelley Rudolph, photo booths, surprise events during the countdown to midnight, and of course, a midnight champagne toast.

The event is being held at a seriously beautiful location right on the edge of Oswego Lake, 40 N State St, otherwise known as Stickmen Brewery and Skewery. There is a lakeside deck that can actually be used in the winter with plenty of heaters, but subject to weather. From inside there are lovely views of the water, so even if it is cold and rainy or snowy, you can still feel the beauty of the water.

Cost is $69. Proceeds from the event will go to the Red Cross for Hurricane Sandy relief efforts. So you can ring in the New Year and also support an extremely worthwhile cause.

For more info, click here.

What a great way to ring in the New Year!

Linda and I want to wish you and yours a very safe, happy, and memorable New Year,
Dianne

NEWLY LISTED (Dec 17-23, 2012)

Address List Price # Beds # Baths Total SF Prop Type
620 MIDDLECREST RD $249,000 2 1 884 DETACHD
57 TOUCHSTONE $420,000 4 3 2465 DETACHD
1231 BAYBERRY RD $469,000 3 2 1980 DETACHD
1921 GLENMORRIE LN $624,000 3 3 2375 DETACHD

PENDING SALES (Dec 17-23,2012 2012)

Address List Price # Beds # Baths Total SF Prop Type CDOM
216 RIDGEWAY RD #14D $122,700 2 1 914 CONDO 74
5225 JEAN RD $159,900 3 2 1500 ATTACHD 139
19176 BENFIELD AVE $299,000 4 2 1538 DETACHD 15
36 AQUINAS ST $324,900 3 2 1606 DETACHD 94
16747 BONAIRE AVE $329,900 3 2 1610 DETACHD 86
17 CONDOLEA DR $350,000 3 2.1 2198 CONDO 197
4750 AUBURN LN $389,500 3 3.1 2679 ATTACHD 240
4360 UPPER DR $415,000 3 2 2434 DETACHD 20
39 TANGLEWOOD DR $425,000 4 3 3124 DETACHD 91
4679 HASTINGS PL $439,900 3 2.1 2097 DETACHD 3
84 BERWICK RD $549,000 5 3 3305 DETACHD 126
4052 ORCHARD DR $688,500 4 3.1 4081 DETACHD 5
467 9th ST $825,000 3 3.1 2800 DETACHD 341
18137 MEADOWLARK LN $1,350,000 4 4.1 5935 DETACHD 23
3917 SOUTHSHORE BLVD $1,950,000 3 4.1 4657 DETACHD 214

SOLD (Dec 17-23,2012)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
3894 BOTTICELLI ST 175000 165000 2 1.1 1132 CONDO 12
16758 GRAEF CIR 259000 255000 3 1 1295 DETACHD 158
18 ABELARD ST 387500 330000 4 2.1 2101 DETACHD 79
1800 KILKENNY DR 349900 332000 5 2.1 4361 DETACHD 132
4328 GALEWOOD ST 359000 351200 3 2.1 1781 DETACHD 5
6109 SUMMER WOODS 394900 390000 4 2.1 2331 DETACHD 16
39 NOVA CT 399900 399900 4 2.1 2590 DETACHD 6
15840 FIR GROVE CT 569900 445000 4 2.1 2666 DETACHD 109
4994 HARTFORD PL 549900 525000 5 2.1 3325 DETACHD 107
14003 CHELSEA DR 550000 540000 4 2.1 3270 DETACHD 248
655 7TH ST 799000 805000 3 2.1 2770 DETACHD 275

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 ~ Dec 23, 2012

As we near the Christmas Holiday, we always notice a shift in attention to family, friends, and sharing the Joys of the season… as it should be.
Even so, there are three beautiful homes to see Sunday according to RMLS:

Address L/Price # Beds # Baths Total SF Prop Type Open
4000 CARMAN DR #21 $94,500 2 2 885 TOWNHM 11AM-1PM
17702 OVERLOOK CIR $465,900 5 2.1 3490 DETACHD 1-3PM
831 NORTHSHORE RD $800,000 3 2.1 2200 DETACHD 1-4PM

News & Notes

Take a break from Holiday Merry-Making and check out what’s happening in the local real estate market!
Here is some recent data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) activity:

According to the RMLS Market Action Report for the Portland Metro Area November, 2012. At 1,733, closed sales were 13.9% higher than November 2011 sales of 1,521.

  • In the first 11 months of 2012, there were 30,964 new listings, 22,726 accepted offers, and 21,546 closed sales.
  • The average sale price year-to-date ($273,800) rose 3.9% over the same period last year,
  • ***AND… Total time on the market has dropped by 21.5% from 143 to 112 days.
  • For our Property Blotter readers, the combined area of Lake Oswego and West Linn reported:

    • 520 Active Listings
    • 94 New Listings
    • 101 Pending Sales
    • 97 Closed Sales
    • An average Sale Price of $425,600.
    • Average Time on the Market: 128 Days

    NEWLY LISTED (Dec 3-9, 2012)

    Address List Price # Beds # Baths Total SF Prop Type
    4620 LOWER DR $75,000 2 1.1 1160 CONDO
    50 GREENRIDGE CT $280,000 3 2.1 2000 CONDO
    19176 BENFIELD AVE $299,000 4 2 1538 DETACHD
    1659 OAK ST $399,900 3 2.1 1764 DETACHD
    17702 OVERLOOK CIR $465,900 5 2.1 3490 DETACHD
    13517 SNOWBERRY CT $659,000 4 2.1 3300 DETACHD
    642 8TH ST $975,000 4 2.2 3653 DETACHD
    16655 MAPLE CIR $999,000 3 2 2030 DETACHD
    3690 LAKEVIEW BLVD $3,950,000 5 5.1 6366 DETACHD

    PENDING SALES (Dec 3-9,2012 2012)

    Address List Price # Beds # Baths Total SF Prop Type CDOM
    4000 CARMAN DR #21 $94,500 2 2 885 CONDO 42
    34 CERVANTES CIR #4F $119,500 2 1.1 912 CONDO 21
    4310 BOTTICELLI ST $164,900 2 2.1 2098 CONDO 62
    1237 HALLINAN CIR $269,900 4 2 1284 DETACHD 4
    18892 INDIAN SPRINGS CIR $305,000 3 2 1611 DETACHD 127
    1610 ASH ST $375,000 3 2 2181 DETACHD 48
    17121 WALL ST $419,900 3 2.1 2187 DETACHD 102
    530 BOCA RATAN DR $429,900 4 3 3368 DETACHD 90
    15225 CANDLEWOOD CT $449,900 4 2.1 2758 DETACHD 239
    444 10TH ST $549,000 4 2 1876 DETACHD 88
    567 2nd ST #302 $555,000 2 2 1459 CONDO 20
    2420 PALISADES CREST DR $599,000 4 2.1 3471 DETACHD 188
    837 6TH ST $735,000 4 2.1 2420 DETACHD 7
    1655 EDGECLIFF TER $1,175,000 4 3.1 3416 DETACHD 182

    SOLD (Dec 3-9,2012)

    Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
    18409 BENFIELD AVE $262,500 $224,000 3 1.1 1400 DETACHD 56
    5134 TREE ST $250,000 $250,000 3 1.1 1405 DETACHD 44
    17423 OAK MEADOW LN $499,900 $400,000 3 2.1 3125 DETACHD 141
    6 DA VINCI ST $479,900 $408,000 4 2.1 3378 DETACHD 42
    17561 SHEPHERDS CT $600,000 $525,000 4 2.1 3011 DETACHD 135
    2888 VALE CT $545,888 $535,000 5 3 4396 DETACHD 124
    13548 STREAMSIDE DR $599,900 $570,000 5 3 3336 DETACHD 57
    13554 SOUTHWOOD CT $609,900 $611,000 3 2.1 2891 DETACHD 3
    852 B AVE $649,000 $620,000 4 2 2368 DETACHD 22
    2092 SUMMIT DR $1,295,000 $1,295,000 4 4.1 4441 DETACHD 289

    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

    Market Activity ~ Nov. 19-25, 2012

    The chilly air and even Thankgiving Weekend aren’t stopping real estate activity in Lake Oswego! It is a myth that real estate does not sell in the winter. Though there were not many houses on tour Sunday, I had tons of traffic through my Devon Lane listing & our phones are ringing, as they do every holiday season. As the report shows, we have our usual winter slowing, but activity is steady. There are some really great homes out there, and people are on the hunt!

    Last week there were 6 New on the market, 12 Pending and 9 Sold:

    See below for further details on last week’s Market Activity:

    NEWLY LISTED (Nov 19-25, 2012)

    Address List Price # Beds # Baths Total SF Prop Type
    3190 DUNCAN DR $324,900 3 2.1 2401 DETACHD
    5324 LOWER DR $345,000 3 2.1 2034 DETACHD
    1830 CLOVERLEAF RD $355,000 3 2 1795 DETACHD
    17065 Tualatin ST $578,950 3 2.1 2733 DETACHD
    17614 BLUE HERON RD $889,000 4 3 3150 DETACHD

    PENDING SALES (Nov 19-25,2012 2012)

    Address List Price # Beds # Baths Total SF Prop Type CDOM
    16006 KIMBALL ST $179,000 2 1 500 RES-MFG 27
    16060 INVERURIE RD $225,000 3 2 1458 DETACHD 19
    18444 TUALATA AVE $259,000 3 2 1192 DETACHD 206
    5099 GALEN ST $269,900 4 2.1 2246 DETACHD 60
    668 McVey #72 $274,900 3 1.1 1184 CONDO 76
    36 AQUINAS ST $324,900 3 2 1606 DETACHD 66
    18238 TERRY AVE $359,000 3 2.1 1570 DETACHD 43
    17423 OAK MEADOW LN $425,000 3 2.1 3125 DETACHD 141
    15840 FIR GROVE CT $449,900 4 2.1 2666 DETACHD 109
    14003 CHELSEA DR $550,000 4 2.1 3270 DETACHD 248
    1864 CAMPUS WAY $668,999 5 4 4142 DETACHD 2
    1943 INDIAN TRAIL $799,000 3 2.1 2960 DETACHD 6

    SOLD (Nov 19-25,2012)

    Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
    4000 CARMAN DR #39 $104,500 $98,000 2 2 866 CONDO 210
    19163 TERRY AVE $409,000 $367,500 4 2 2149 DETACHD 69
    14 MONTICELLO DR $374,900 $369,900 3 2 2766 DETACHD 1177
    16439 LEXINGTON CT $464,900 $440,000 2 2 1563 DETACHD 99
    16855 FERNWOOD DR $449,900 $445,000 3 3 2735 DETACHD 86
    17975 RIDGE LAKE DR $497,900 $461,000 4 2.1 2727 DETACHD 15
    1010 HOODVIEW LN $599,000 $575,000 4 3 3001 DETACHD 195
    1033 NORTHSHORE RD $819,000 $757,500 3 2 2976 DETACHD 172
    2180 PRESTWICK RD $1,200,000 $1,000,000 3 1.1 2391 DETACHD 87

    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