Tag: house

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Lake Oswego Open Houses ~ Sunday, June 27,2010

There are 36 Lake Oswego properties Open for your pleasure Sunday according to RMLS. Enjoy!

Address L/Price # Beds # Baths Total SF Prop Type Open
1400 BONNIEBRAE DR $179,500 2 1 864 ATTACHD 1-3PM
16231 PARKER RD $260,000 3 1 1381 DETACHD 1-4PM
139 TOUCHSTONE CT $279,900 2 2.1 1846 ATTACHD 1-3PM
37 BLOCH TER $314,500 3 2.1 1972 ATTACHD 1-3PM
65 GREENRIDGE CT $319,000 2 2 1314 ATTACHD 1-3PM
466 5TH ST $339,900 2 1.1 1092 ATTACHD 1-3PM
5160 TUALATA LN $339,900 3 2 1470 DETACHD 1:30-3:30PM
4971 SUNTREE LN $378,000 3 2.1 1911 DETACHD 1-4PM
692 2ND ST $379,000 3 1 1700 DETACHD 1-3PM
18651 DON LEE WAY $384,900 4 2 1630 DETACHD 1-3PM
1641 ASH ST $419,950 4 3 2825 DETACHD 1-3PM
17681 LEAFY LN $449,000 4 3 2242 DETACHD 12-2PM
17640 TREETOP WAY $498,900 4 3 2718 DETACHD 1-3PM
19319 SW DOGWOOD CT $519,900 5 2.1 3105 DETACHD 1-5PM
19415 SW DOGWOOD CT $529,900 5 3 3517 DETACHD 1-5PM
1060 UPPER DEVON LN $539,000 3 2.1 2400 DETACHD 2-4PM
2 MORNINGVIEW CIR $549,000 3 2.1 2954 DETACHD 1-3PM
19451 SW DOGWOOD CT $559,900 6 3 3547 DETACHD 1-5PM
4 INDEPENDENCE AVE $564,900 4 3.1 3482 DETACHD 2-4PM
5722 CHARLES CIR $569,900 4 2.1 2674 DETACHD 2-4PM
19245 SW MEGLY CT $584,900 5 3 3490 DETACHD 1-5PM
13265 FOX RUN $680,000 3 2.2 2614 DETACHD 1-3PM
17110 LOWENBERG TER $799,000 4 2.1 2732 DETACHD 3-5PM
144 LEONARD ST $799,000 4 3.1 3451 DETACHD 11-1PM
3030 WESTVIEW CT $824,000 4 2.1 3415 DETACHD 11-1PM
17288 LOWENBERG TER $829,900 4 3.1 3467 DETACHD 3-5PM
17154 LOWENBERG TER $842,900 5 3.1 3476 DETACHD 3-5PM
444 6TH ST $899,000 4 4.1 4541 DETACHD 2-4PM
18222 SIENA DR $1,088,000 6 4.1 3800 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
3151 DOUGLAS CIR $1,349,000 5 4.2 4400 DETACHD 1-4PM
4700 SW DOGWOOD DR $1,499,900 5 3.1 5401 DETACHD 2:30-4PM
2572 GLEN EAGLES PL $2,185,000 5 4.2 6490 DETACHD 1-3PM
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News & Notes

Real Estate Notes:

Tax Credit Extension Update: Well, most expected HR 4213 to pass the Senate, but it was rejected in a test vote on Monday 52 – 45.  This bill would have extended the mandatory closing deadline for real estate closings to September, thereby cutting some slack to the many Buyers, Escrow officers and Lenders who are working their way through the morass… all with the same deadline.  There is a real concern that as next Wednesday approaches, the bottleneck will strangle many of these deals due to sheer volume and limited capacity and resources to finish on time.

As of today, June 24th, the Senate will “continue considering” the bill, and a number of amendments.  This bill also includes other considerations including extending unemployment benefits, and will reportedly add 80 billion to the deficit. This is the reason being given for it’s defeat in the test vote on Monday in it’s then-current form.

Community News:

Community-Wide Garage Sale! Get ready to say goodbye to those items you no longer need in your home.  To someone else they will be a “find”!  Register your sale and your location will be mapped with your sale items listed.  Free to Lake Oswego citizens, and Free publicity to boot!    The event is July 10th from 8AM till 3PM.  You have until June 28th to register. Click Here

The Sensitive Lands debate has been quite high profile for some time now, with citizens very concerned on all sides of the issue… concerned with how properties will be affected; concerned about how the natural landscape will be affected; concerned about how local government is handling an issue so important to citizens and the environment alike.   The Second Look Task Force is completing their review of the environmental and regulatory purposes, and providing recommendations for changes that increase flexibility & clarity, and maintain the community’;s committment to the natural environment.  If you’d like to know how you can provide input, Click Here.  (All meetings except for July 10th will be televised live beginning at 6:30 PM on TVCTV Channel 23 or 28.)

Herbicides on Lake Front: From July 21 – 25 aquatic herbicides will be applied to shorelines along the main lake and Blue Heron Canal.  For more information call Casey Deck at 503 636 1422.

Take A Free Tour! Have you been wanting to learn more about all of those sculptures & works of art you see around town?  You can enjoy a walk with a Docent who will show you many of them in Lake Oswego’s “Gallery Without Walls”.  Learn what the artist was thinking and how the piece was crafted. Tours are scheduled for June 25, 26, and 27 from 11AM till noon and 3PM till 4PM.  No reservations are required.  Proceed to the front of St. Honore Bakery at 315 1st St. next to Millenium Park Plaza.  For more information call 503 675 3738.

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Market Activity Report for June 14-20, 2010

Last week brought 16 new listings, 14 pending sales, and 12 closed sales. I think what I find most interesting is the CDOM (cumulative days on the market). It does seem that things are selling either really fast or really slowly. Correct pricing is what makes the difference! And notice the house on Polonius: it not only sold in 8 days, but for $15,000 over the asking price. Yes, this may have reflected built in costs for closing costs or some other concession, but it is still a rare event in this economy. And it does mean that the seller had an eager buyer who was not haggling the price down.

Here is your weekly update (see below the tables for additional notes):

NEWLY LISTED (June 14—20, 2010)

Address List Price Total Br Total BTHS SQ FT Prop Type
222 RIDGEWAY RD $125,000 1 1 756 CONDO
139 TOUCHSTONE CT $279,900 2 2 + .5 1,846 ATTACHD
4321 WOODSIDE CIR $289,000 3 2 1,532 ATTACHD
17683 ARBOR LN $339,900 3 2 1,946 DETACHD
1117 HEMLOCK ST $349,900 3 2 1,680 DETACHD
18651 DON LEE WAY $384,900 4 2 1,630 DETACHD
15012 TWIN FIR RD $399,000 5 2 3,532 DETACHD
15008 TWIN FIR RD $399,000 5 2 3,372 DETACHD
524 2ND ST 439000 2 2 + .5 1,547 CONDO
17681 LEAFY LN 449000 4 3 2,242 DETACHD
10 HILLSHIRE DR 549900 4 3 3,152 DETACHD
6 MORNINGVIEW LN 659000 4 3 3,998 DETACHD
116 3RD ST 675000 2 1 915 DETACHD
649 9TH ST 819000 3 2 + .5 2,852 DETACHD
1250 SUNNINGDALE RD 825000 5 3 + .5 4,073 DETACHD
245 CHANDLER PL 949850 4 2 + .5 + .5 3,733 DETACHD

PENDING SALES (June 14-20, 2010)

Address List Price Total BR Total BTHS SQ FT Prop Type CDOM
5225 JEAN RD $155,000 2 2 1,400 CONDO 28
4224 HAVEN ST $269,900 4 2 2,752 DETACHD 39
3388 EDGEMONT RD $279,900 3 2 + .5 1,968 DETACHD 283
17518 REDFERN AVE $355,000 3 2 1,831 DETACHD 715
540 2ND ST $410,000 2 2 + .5 1,520 CONDO 870
17845 SARAH HILL LN $417,000 4 2 + .5 2,970 DETACHD 9
53 D AVE $435,000 3 3 2,211 DETACHD 518
17387 CANYON DR $479,000 3 2 + .5 1,955 DETACHD 11
4089 MELISSA DR 524900 4 2 + .5 2,710 DETACHD 9
5678 CHARLES CIR 525000 3 4 3,455 DETACHD 495
18282 ANDUIN TER 625000 4 2 + .5 3,765 DETACHD 1
14370 PFEIFER DR 669000 4 2 + .5 3,318 DETACHD 12
11 HILLSHIRE DR 825000 4 2 + .5 3,415 DETACHD 33
18735 BRYANT RD 909900 5 3 + .5 5,323 DETACHD 149

SOLD (June 14-20, 2010)

Address Original Price Close Price Prop Type SQ FT CDOM
109 OSWEGO SMT $144,900 $141,900 CONDO 1212 47
12846 SW BOONES FERRY RD $225,000 $199,000 CONDO 1136 532
3485 DEVONSHIRE DR $264,900 $250,000 ATTACHD 1556 16
12 POLONIUS ST $246,600 $261,000 DETACHD 3275 8
136 TOUCHSTONE TER $350,000 $267,500 DETACHD 1996 243
15148 QUARRY RD $279,000 $279,000 DETACHD 1618 11
3056 WEMBLEY PARK RD $339,000 $285,000 DETACHD 2600 36
31 DA VINCI ST $399,900 $352,000 DETACHD 2232 249
1545 CLOVERLEAF RD 579950 $535,000 DETACHD 2723 59
13090 KNAUS RD 995000 $600,000 DETACHD 5578 357
5218 WESTFIELD CT $699,500 $607,000 DETACHD 3125 284
13081 KNAUS RD 1795000 $1,400,000 DETACHD 3269 58

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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Open Houses for Sunday, June 20th, 2010

For your Father’s Day enjoyment, there will be 17 Open Houses here in Lake Oswego:

Address List Price Year Built # BR # BTHS Prop Type Open
44 EAGLE CREST DR $99,900 1979 2 1 CONDO 1 to 4
12847 SW 61ST AVE $304,950 1977 3 2 DETACHD 1 to 4
37 BLOCH TER $314,500 1972 3 2 +.5 ATTACHD 1 to 3
17683 ARBOR LN $339,900 1978 3 2 DETACHD 1 to 3
95 TANGLEWOOD DR $429,900 1972 4 3 DETACHD 1 to 4
13455 AUBURN CT $440,000 2005 3 2 + .5 ATTACHD 11:30 to 2
19319 SW DOGWOOD CT $519,900 2010 5 2 + .5 DETACHD 12 to 5
19415 SW DOGWOOD CT $539,900 2010 5 3 DETACHD 12 to 5
19451 SW DOGWOOD CT 559900 2010 6 3 DETACHD 12 to 5
19245 SW MEGLY CT 584900 2010 5 3 DETACHD 12 to 5
19101 INDIAN CREEK AVE 599900 1972 2 2 + .5 DETACHD 12 to 3
18222 SIENA DR 1088000 2010 6 4 + .5 DETACHD 2:30 to 4:30
18209 SIENA DR 1178950 2009 5 3 + .5 DETACHD 2:30 to 4:30
18143 SIENA DR 1197000 2009 5 4 + .5 DETACHD 2:30 to 4:30
1808 RIDGE POINTE DR 1269000 2010 5 4 + .5 DETACHD 2:30 to 4:30
18246 BELLA TERRA DR 1294000 2009 4 3 + .5 DETACHD 2:30 to 4:30
2569 GLEN EAGLES PL 1349000 2010 5 4 +.5+.5 DETACHD 1 to 4
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Market Activity Report ~ June 7 – 13, 2010

There were a whopping 22 New properties entering the market, 14 going to Pending status, and 16 Sold during last week’s Monday – Sunday period according to RMLS.

Here’ your weekly update (see below the tables for additional notes):

NEWLY LISTED (June 7—13, 2010)

Address List Price Prop Type # Beds # Baths Total SF List Date
6447 MCEWAN RD $209,900 DETACHD 2 1 912 6/7/2010
65 GREENRIDGE CT $319,000 CONDO 2 2 1314 6/10/2010
17845 SARAH HILL LN $417,000 DETACHD 4 2.1 2970 6/9/2010
1646 DEVON LN $424,500 DETACHD 4 2.1 2130 6/11/2010
95 TANGLEWOOD DR $429,900 DETACHD 4 3 2285 6/10/2010
17778 MARYLCREEK DR $459,900 DETACHD 3 2.1 2741 6/11/2010
1899 WOODLAND TER $500,000 DETACHD 5 3.1 3031 6/10/2010
19319 SW DOGWOOD CT $519,900 DETACHD 5 2.1 3105 6/8/2010
4089 MELISSA DR $524,900 DETACHD 4 2.1 2710 6/8/2010
1885 CREST DR $549,000 DETACHD 4 2 2120 6/10/2010
2 MORNINGVIEW CIR $549,000 DETACHD 3 2.1 2954 6/9/2010
5758 CHARLES CIR $549,900 DETACHD 3 2 2371 6/10/2010
10 SCARBOROUGH DR $575,000 DETACHD 4 3 3537 6/7/2010
18263 ANDUIN TER $625,000 DETACHD 4 3 3100 6/8/2010
2415 PARK RD $749,900 ATTACHD 4 2.2 2581 6/13/2010
5287 LANGFORD LN $750,000 DETACHD 3 2.1 2972 6/8/2010
658 1ST ST $795,000 DETACHD 4 2.1 3359 6/7/2010
17884 KELOK RD $898,500 DETACHD 4 3.1 4124 6/7/2010
3155 DOUGLAS CIR $985,000 DETACHD 5 3.2 4517 6/9/2010
19460 EASTSIDE RD $995,000 DETACHD 4 3.2 4521 6/10/2010
1715 EDGECLIFF TER $1,730,000 DETACHD 4 4.1 4929 6/11/2010
3328 LAKEVIEW BLVD $3,750,000 DETACHD 5 5.2 6675 6/7/2010

PENDING SALES (June 7-13, 2010)

Address List Price Prop Type # Beds # Baths Total SF CDOM
100 KERR PKWY $59,900 CONDO 1 1 617 131
3433 MCNARY PKWY $125,000 CONDO 2 2.1 1136 25
1018 HEMLOCK ST $349,900 DETACHD 4 2 1950 8
5275 ROSEWOOD ST $359,000 DETACHD 4 2.1 2096 36
2104 WEMBLEY PARK RD $429,900 DETACHD 4 3 2052 102
18238 TAMAWAY DR $479,000 DETACHD 5 3 5504 110
13 WINDSOR CT $495,000 DETACHD 3 2 2212 19
3188 S GLENMORRIE DR $519,750 DETACHD 3 3 3066 35
14158 KIMBERLY CIR $530,000 DETACHD 5 3 3648 40
15422 BOONES WAY $698,900 ATTACHD 4 2.1 2586 645
17281 LOWENBERG TER $839,900 DETACHD 4 3.1 3709 494
1592 BAY VIEW LN $859,000 DETACHD 4 4.1 4087 87
17281 KELOK RD $1,195,000 DETACHD 3 3 2682 265
3114 DOUGLAS CIR $1,350,000 DETACHD 4 4 55420 577

SOLD (June 7-13, 2010)

Address List Price Prop Type # Beds Total Baths Total SF CDOM
100 KERR PKWY $77,500 CONDO 2 1.1 823 66
38 CERVANTES CIR $99,900 CONDO 2 1.1 912 230
287 CERVANTES $195,000 CONDO 3 1.1 1144 67
18420 DON LEE WAY $210,000 DETACHD 3 1 924 25
2320 GLEN HAVEN RD $279,900 DETACHD 3 1.1 1346 54
1559 WORTHINGTON ST $349,900 DETACHD 4 2 2016 43
18640 TUALATA AVE $349,900 DETACHD 4 3 2076 77
25 CHURCHILL DOWNS $385,000 DETACHD 4 3 2195 0
827 5TH ST $425,000 DETACHD 3 2 2124 86
1025 C AVE $408,950 DETACHD 3 2 2261 371
1436 GREENTREE CIR $474,000 DETACHD 4 2 3072 10
1055 COUNTRY CLUB RD $449,000 DETACHD 2 2 2528 8
17622 BROOKHURST DR $493,000 DETACHD 3 2.1 2909 42
561 2ND ST $589,000 CONDO 2 2 1561 67
13278 ROGERS RD $695,000 DETACHD 3 2.1 2964 177
2557 SOUTHSHORE BLVD $1,690,000 DETACHD 3 3.2 3604 299

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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News & Notes ~ All About Loans ~ (well.. maybe not ALL : )

  • How Long Will It Take to Close? This is an important question and factor in structuring your Offer and making plans around the Purchase of a new residence.  You are lining up dominoes, and you want to know!  Well,  if you are selling your home to purchase the new one, then you are timing your own Sale’s closing date with the move-in/close of your Purchase.  It used to be fairly standard to achieve a closing in around 30 days.  What you need to know is that when you write this into the Offer, it becomes a “Time Is Of The Essence” feature of your contract (An accepted Offer is a contract… and that’s a legal term for: “You must meet this date.”).  That means you need to be pretty sure you are going to be able to meet that time line, as it is contractual.The lender requires time to gather information, order & analyze your appraisal, successfully navigate underwriting, and draw up your documents.                                                                                                                                                                                                                        Are closing dates often extended? Yes. Does the Seller have to agree to extend you additional time beyond the “on or before” closing date set in your Offer? No. Now, most parties want the transaction to go forward, and so often agreement to do this is reached, but it is very important for you to know that your Earnest Money is in play…  and should, let’s say, the Seller have another Buyer who has approached them during your transaction and, perhaps said “Hey, it’s too bad you sold your house to those Buyers because I really want it and I’d give you more money for it!”  Hmmm… Would there be incentive for the Seller to perhaps be awarded your Earnest Money because you failed to “perform” per the stipulations of the contract?  I’ll leave that for you to answer.  Just remember- With the new RESPA guidelines that lenders must follow, there is potentially more time that needs to be built into the process, so instead of 30 days, it is prudent to allow around 45 days.
  • Rates: They are under 5% now for a 30-year fixed.  We all know prices are down… Good combination eh?         – More Detail: “Recent Employment data which fell short of Wall Street forecasts and uncertainty about the pace of the economic recovery caused investors to shift to relatively safer assets, including government insured mortgage-backed securities.  This plus economic data indicating extremely low inflation resulted in declining mortgage rates over the last few weeks.”  (Thanks to Pat Goodell from Academy Mortgage for this update.)

  • USDA Loans: Though these are back in the running now with funds having been declared available for Rural Home Loans,  most investors haven’t given the “go ahead” to lenders to begin issuing commitments and closing those loans yet.  We are told the details should be worked out shortly though, so get ready for this 100% financing option to re-enter the scene!
  • Do you know how many people are involved in a real estate transaction (minimum)? The answer is 13+ .  Here’s the Breakdown (thanks to Naida Paris of Valley Mortgage for this!):   Listing Agent, Selling Agent, Seller (s), Buyer (s), Loan Officer, Loan Processor, Underwriter, Document Drawer/Funder, Escrow Officer, Title Officer, Inspector (s), Insurance Agent, and Appraiser.
  • FHA is going to be dropping the amount a Seller can pay toward a Buyer’s closing costs, but the outlook for that to take effect is 2011.  So, for now you can still take advantage of the current rule which is that a Seller can contribute 6% toward a Buyer’s closing costs.  You’ll want to talk w/your Realtor & Lender about how much the closing costs will come to prior to writing this into the offer, however.
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Market Activity for May 31 to June 6, 2010

Last week found 16 new listings, 13 pending sales, and 7 closed sales. I would have to say that it was a bit of a celebration week for many of the sellers who closed transactions. This group of homes included quite a few that had been on the market for an extremely long time. It is good that they were sold, finally. And the closed selling prices were certainly reflective of the new reality with values. I feel that is further reflected in the pricing with the new listings, many of which look to be really good values.

Here is last week’s report: (see below the tables for additional notes):

NEWLY LISTED (May 32-June 6, 2010)

Address List Price Year Built Total SF Prop Type BR & BTH
37 CRESTFIELD CT $94,900 1980 923 CONDO 2 & 1
200 BURNHAM RD $219,000 1966 1,173 CONDO 2 & 2
74 GREENRIDGE CT $289,900 1973 2,868 ATTACHD 3 & 2.5
37 BLOCH TER $314,500 1972 1,972 ATTACHD 3 & 2.5
19431 TUALAMERE AVE $334,000 1964 1,308 DETACHD 3 & 1.5
16725 CARNEGIE AVE $335,000 1968 2,134 DETACHD 3 & 2
1018 HEMLOCK ST $349,900 1965 1,950 DETACHD 4 & 2
1621 LARCH ST $399,900 1971 3,040 DETACHD 3 & 2.5
17387 CANYON DR 479000 1966 1,955 DETACHD 3 & 2.5
1740 YARMOUTH CIR 550000 1985 1,960 DETACHD 2 & 2.5
4 INDEPENDENCE AVE 564900 1969 3,482 DETACHD 4 & 3.5
13596 STREAMSIDE DR 649999 1989 3,430 DETACHD 3 & 2.5
712 LAKE FOREST DR 665000 1949 1,640 DETACHD 2 & 2
15725 TARA PL 665000 2006 3,372 DETACHD 4 & 2.5
14370 PFEIFER DR 669000 1993 3,318 DETACHD 3 & 2.5
144 LEONARD ST 799000 2004 3,451 DETACHD 3 & 1.5+.5

PENDING SALES (May 31-June 6, 2010)

Address List Price Year Built Total SF Prop Type BR & BTH
34 CONDOLEA DR $219,000 1978 1,420 CONDO 2 & 2
12 POLONIUS ST $246,600 1971 3,275 DETACHD 4 & 2.5
4236 HARVEY WAY $359,000 1979 1,870 DETACHD 3 & 2.5
15580 PARTRIDGE DR $360,000 1989 2,245 DETACHD 3 & 2.5
2031 LILLI LN $499,000 1968 3,262 DETACHD 3 & 3.5
17471 CARDINAL DR $545,000 1973 3,056 DETACHD 4 & 2.5
13460 SNOWBERRY CT $564,000 1989 3,327 DETACHD 3 & 2.5
731 F AVE $699,900 1998 2,668 DETACHD 4 & 2.5
331 CHANDLER PL 810000 1962 2,428 DETACHD 4 & 2.5
1580 BONNIEBRAE DR 849000 1972 3,800 DETACHD 4 & 3
3820 SOUTHSHORE BLVD 925000 2008 4,855 DETACHD 5 & 4
3140 DOUGLAS CIR 950000 2004 4,310 DETACHD 4& 3.5
1340 CHERRY LN 1348888 2007 5,922 DETACHD 4 &4.5+.5

SOLD (May 31-June 6, 2010)

Address Closed Price Original Price Year Built Total SF Prop Type CDOM
775 BOCA RATAN DR $155,000 $204,750 1975 2,401 DETACHD 249
200 BURNHAM RD $168,000 $298,850 1962 1,328 CONDO 942
1597 BONNIEBRAE DR $180,000 $230,000 1969 998 ATTACHD 261
1640 WORTHINGTON ST $338,900 $515,000 1961 2,394 DETACHD 473
3075 ROYCE WAY $392,000 $699,850 1975 3,667 DETACHD 577
2109 WEMBLEY PARK RD $640,000 $649,900 1955 3,129 DETACHD 2
17540 RIDGEVIEW LN $1,025,000 $1,350,000 2006 4,345 DETACHD 316

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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Our Own University: Marylhurst

Technically, Marylhurst University is located in Marylhurst, Oregon:  until a few minutes ago I had never heard of such a town! Actually, Marylhurst University is sandwiched exactly between Lake Oswego and West Linn on the banks of the Willamette River.  Founded in 1893 by the Sisters of Holy Names of Jesus and Mary, it is one of the oldest liberal arts colleges in the West.  Originally a school for girls, it became co-ed in 1974 and was officially incorporated as an entity separate from the Sisters of Holy Names in 1959.  As a school, it has continued to grow and to gain respect.  In 2003 it was ranked by US News and World Report as a “Best Value”

Today the University offers a traditional classroom curriculum as well as on-line education.  Bachelor of Arts and Science degrees are offered in Art, Interior Design, Business, Communications, English and Writing, Religious Studies, Music, Real Estate, and Science.  Master’s Degrees are offered in Education, Business, Sustainable Business, and Interdisciplinary Studies.  So right here, in the backyard of our town, you can pursue higher education and on-going education.  I see this as a real asset to our community.  It makes education easier to obtain when it is nearby, and for our town, it adds many benefits.

Mary’s Woods
Along with the University, there is a retirement community known as Mary’s Woods. Offering all levels of assistance from independent living to extensive care, this retirement community is well regarded. And being attached to the University, it offers many opportunities for retired folks who want to take classes and to remain active.

The Christie School
The Christie School was founded in 1953 and is Oregon’s oldest and largest residential treatment center for emotionally disturbed children. The program serves the needs of about 80 kids at any given time. It helps children 8-18 years of age who are coping with any number of needs from depression issues to over-coming abuse. It’s roots go back to the original school, St. Mary’s Home for Girls, which was founded to house and to educate orphaned and abandoned girls.

And then there was the battle with the KKK
One of the more interesting bits of trivia surrounding Maryhurst was the landmark court case known as “Pierce v. Society of Sisters” from 1925. Back in the 1920’s the KKK was pretty strong in Oregon and had a good deal of influence in Oregon politics, including with the Governor of the State, Walter Pierce. The KKK, in concert with the Oregon Scottish Rite Masons, wanted to make public education mandatory, thereby ending access to private education. The Sisters boycotted businesses that supported the KKK and challenged the KKK in court. The 1925 case, decided unanimously by the United States Supreme Court, ruled in favor of the Sisters. The court case ruled that while states may compel attendance at some school, the parents have the constitutional right to choose between public and private schools. The ruling was a legal precedent for our country that has effected court rulings across the United States ever since.

Marylhurst is just one more reason I like living in Lake Oswego. It is a wonderful resource, on so many levels.

Yours,
Dianne

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Market Activity Report ~ May 24-30, 2010

Happy June to all of our Property Blotter readers! I hope that you enjoyed your holiday weekend, and that a moment was spent in remembering those who have given so much for each of us. Many of us were out enjoying the sunshine & exploring the properties on the market with our clients. I waited till today to post this report so as to hopefully make sure that all transactions have been updated after the long weekend. Lockbox activity appears to still be high. It will be interesting to see the statistics once they’re available for this holiday period.

There were 16 New properties entering the market, 14 going to Pending status, and 12 Sold during last week’s Monday – Sunday period according to RMLS.

Here’ your weekly update (see below the tables for additional notes):

NEWLY LISTED (May 24—30, 2010)

Address List Price Prop Type # Beds Total Baths Total SF List Date
6927 MONTAUK CIR $139,000 CONDO 2 1 968 5/27/2010
54 CERVANTES CIR $159,000 CONDO 2 1.1 912 5/29/2010
1400 BONNIEBRAE DR $183,500 ATTACHD 2 1 864 5/25/2010
750 1ST ST $185,000 ATTACHD 1 1 986 5/25/2010
12 POLONIUS ST $246,600 DETACHD 4 2.1 3275 5/25/2010
4902 CHILDS RD $315,000 DETACHD 3 1.1 1370 5/27/2010
4664 FIRWOOD RD $379,900 DETACHD 3 2 1640 5/27/2010
864 6TH ST $399,000 DETACHD 5 2.1 2403 5/24/2010
18667 PILKINGTON RD $399,999 DETACHD 4 2.1 2512 5/25/2010
17460 SCHALIT WAY $418,900 DETACHD 4 3 2197 5/28/2010
12 ABELARD ST $420,000 DETACHD 4 2.5 2344 5/27/2010
4500 GALEWOOD ST $475,000 DETACHD 2 3 2408 5/24/2010
975 SOUTHSHORE BLVD $479,900 DETACHD 3 2.1 2118 5/24/2010
5 CELLINI CT $735,000 DETACHD 5 3.1 4895 5/28/2010
1340 CHERRY LN $1,348,888 DETACHD 4 4.2 5922 5/27/2010
3151 DOUGLAS CIR $1,349,000 DETACHD 5 4.2 4400 5/28/2010

PENDING SALES (May 24-30, 2010)

Address List Price # Beds # Baths Total SF Style CDOM
4000 CARMAN DR $99,900 2 2 836 CONDO 77
4610 LAMONT WAY $247,500 3 2 1750 DETACHD 17
3485 DEVONSHIRE DR $264,900 3 2.1 1556 ATTACHD 16
18620 INDIAN CREEK DR $379,900 3 2 2022 DETACHD 30
12748 SW 22ND AVE $425,000 4 2.1 2584 DETACHD 310
1642 HIGHLAND DR $429,000 4 3 2234 DETACHD 44
18893 INDIAN SPRINGS CIR $439,000 4 3 2841 DETACHD 3
12 DA VINCI ST $444,900 4 3 3078 DETACHD 64
15266 CANDLEWOOD CT $464,988 4 2.1 2569 DETACHD 88
19288 SW Megly CT $579,900 5 3 3594 DETACHD 149
14158 EDENBERRY DR $729,000 3 2.1 3205 DETACHD 2
19000 BRYANT RD $965,000 5 3.1 5874 DETACHD 3
670 IRON MOUNTAIN BLVD $1,057,000 4 3.2 5208 DETACHD 555
13081 KNAUS RD $1,795,000 5 2.1 3269 DETACHD 58

SOLD (May 24-30, 2010)

Address O/Price Close Price # Beds # Baths Total SF Style CDOM
200 BURNHAM RD $268,000 $159,000 2 2 1313 CONDO 674
5341 CHINOOK CT $274,900 $240,000 3 2 1120 DETACHD 598
5055 Foothills DR $274,900 $245,000 3 2 1279 CONDO 73
15 BRITTEN CT $274,999 $250,000 3 2.1 1973 ATTACHD 13
5354 LOWER DR $260,500 $250,000 2 1 1201 DETACHD 96
666 3RD ST $299,900 $299,900 3 1.1 1759 DETACHD 7
1921 Park Forest CT $485,000 $415,000 3 2.1 2554 DETACHD 564
14377 CAMDEN LN $499,900 $492,500 4 2.1 2530 DETACHD 2
15837 ALLISON PL $529,000 $510,000 4 2.1 3534 DETACHD 1216
17879 HILLSIDE DR $589,900 $560,000 3 3 3049 DETACHD 187
17443 CANAL CIR $875,000 $750,000 4 3.1 2344 DETACHD 45
19175 EASTSIDE RD $900,000 $764,000 5 4.1 5263 DETACHD 86

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

Open House in Lake Oswego for May 23rd

The RMLS is promoting 29 open houses for this Sunday. Enjoy!

Address List Price Year Built BR & BTH Prop Type Open
1684 BOCA RATAN DR $248,900 1969 3 & 2 ATTACHD 1 to 3
16535 ROOSEVELT AVE $249,000 1953 3 & 2 DETACHD 1 to 3
2245 GLEN HAVEN RD $348,500 1955 3 & 1.5 DETACHD 1 to 3
19242 TERRY AVE $369,500 1965 4 & 2 DETACHD 2 to 4
231 LAUREL ST $425,000 1956 3 & 3 DETACHD 1 to 3
71 TANGLEWOOD DR $449,000 1972 3 & 3 DETACHD 1 to 3
1931 WOODLAND TER $474,000 1968 4 & 3 DETACHD 1 to 4
5475 WILLOW CT $474,900 2008 3 & 2.5 ATTACHD 1 to 3
17640 TREETOP WAY 524000 1969 4 & 3 DETACHD 2 to 4
535 B AVE 539000 1990 2 & 2.5 ATTACHD 12 to 2
5678 CHARLES CIR 540000 1985 3 & 4 DETACHD 1 to 4
363 6TH ST 549900 2009 3 & 3.5 ATTACHD 1 to 4
1060 UPPER DEVON LN 559000 1974 3 & 2.5 DETACHD 1 to 3
17930 MEADOWLARK LN 575000 1974 4 & 4 DETACHD 1 to 3
4 NANSEN SUMMIT 599000 1982 4 & 2.5 DETACHD 3 to 5
18010 GIMLEY CT 649000 1979 4 & 2.5 DETACHD 12 to 3
18606 WESTVIEW DR 649900 1985 3 & 2.5 DETACHD 12 to 3
1015 SOUTHSHORE BLVD 755000 1953 4 & 3 DETACHD 12 to 2
1687 VILLAGE PARK LN 879000 1989 4 & 3 DETACHD 1 to 3
606 6TH ST 789000 – 898876 1920 4 & 3 DETACHD 2 to 4
17896 KELOK RD 929000 2010 5 & 5 DETACHD 2 to 4
18222 SIENA DR 1088000 2010 6 & 4.5 DETACHD 1 to 3
18209 SIENA DR 1178950 2009 5 & 3.5 DETACHD 1 to 3
18143 SIENA DR 1197000 2009 5 & 4.5 DETACHD 1 to 3
1808 RIDGE POINTE DR 1269000 2010 5 & 4.5 DETACHD 1 to 3
18246 BELLA TERRA DR 1294000 2009 4 & 3.5 DETACHD 1 to 3
112 NORTHSHORE CIR 1695000 1938 4 & 4.5+.5 DETACHD 1 to 3
15825 OSWEGO SHORE CT 1985850 2006 4 & 3.5 DETACHD 1 to 3
2572 GLEN EAGLES PL 2395000 2009 5 & 4.5+.5 DETACHD 1 to 3