Market Activity August 9-15, 2010

Along with a heat wave, Lake Oswego had 13 new listings, 11 pending sales, and 10 closed sales in the last week.
Here is your weekly update (see below the tables for additional notes):

NEWLY LISTED (August 9-15, 2010)

Address List Price BR Baths SQ Feet Prop Type
16257 LAKE FOREST BLVD $249,900 3 1 1,132 DETACHD
11 CONDOLEA DR $415,000 2 2.5 2,157 CONDO
273 EVERGREEN RD $499,000 3 3.5 1,789 ATTACHD
17560 WESTVIEW DR $539,000 3 2.5 2,561 DETACHD
1625 BEDFORD CT $549,900 2 2.5 2,460 DETACHD
29 SPINOSA $579,900 3 2.5+.5 3,187 DETACHD
1278 HIDE A WAY LN $599,000 4 2.5 2,700 DETACHD
1277 HIDE A WAY LN $599,900 5 3 3,120 DETACHD
4685 UPPER DR 600000 3 2 3,341 DETACHD
5321 AMBERWOOD CT 729000 4 3 3,315 DETACHD
610 CABANA LN 895000 3 2 1,729 DETACHD
4018 COHO LN 1099000 4 4.5 4,777 DETACHD
1954 EGAN WAY 1295000 3 2.5 3,748 DETACHD

PENDING SALES (Aug 9-15, 2010)

Address List Price BR Baths Sq Feet Prop Type CDOM
322 CERVANTES CIR $69,900 2 1 832 CONDO 82
16790 LAKE FOREST BLVD $155,000 2 1 780 DETACHD 32
1728 ASPEN CT $259,900 3 2.5 1,852 DETACHD 385
4201 COLLINS WAY $279,000 3 2 1,230 DETACHD 40
5207 COVENTRY CT $439,000 3 2 1,973 DETACHD 12
19451 SW DOGWOOD CT $539,900 6 3 3,547 DETACHD 93
1704 GLENMORRIE TER $583,000 5 3 3,885 DETACHD 124
13768 KNAUS RD $619,000 4 2 2,418 DETACHD 27
17467 WESTVIEW DR 727900 4 3.5 3,774 DETACHD 4
3540 RED CEDAR WAY 799000 5 3.5 4,100 DETACHD 177
606 6TH ST 839000 4 3 2,988 DETACHD 131

SOLD (August 9-15, 2010)

Address O/Price Sold Price BR Sq Feet Prop Type CDOM
1255 BAYBERRY RD $390,000 $260,000 3 1,901 DETACHD 335
1641 ASH ST $419,950 $279,500 4 2,825 DETACHD 177
5434 YORKSHIRE PL $369,900 $385,000 3 2,335 DETACHD 5
4284 WESTBAY RD $525,000 $490,000 3 1,539 DETACHD 12
220 GREENWOOD RD $599,900 $565,000 4 2,639 DETACHD 573
18010 GIMLEY CT $649,000 $575,000 4 3,652 DETACHD 116
14002 TAYLORS CREST LN $650,000 $599,000 4 3,086 DETACHD 132
898 CORNELL ST $759,000 $702,000 3 3,000 DETACHD 390
1703 VILLAGE PARK LN $789,000 $745,000 3 3,450 DETACHD 156
18820 GREENBLUFF DR $1,495,000 $1,193,950 4 5,382 DETACHD 99

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 for Sunday, August 15th, 2010

39 open houses this Sunday should provide you with lots of possibilities. Linda and I would both love to be of help to you should you need more information on any of these houses.

Address List Price BR Baths Prop Type Open
44 EAGLE CREST DR $89,900 2 1 CONDO 1 to 4
1400 BONNIEBRAE DR $169,500 2 1 ATTACHD 11 to 1:30
750 1ST ST $185,000 1 1 ATTACHD 1 to 3
16686 CARNEGIE AVE $239,000 4 2 DETACHD 12 to 3
5852 LAKEVIEW BLVD $243,000 2 1 DETACHD 1 to 3
16257 LAKE FOREST BLVD $249,900 3 1 DETACHD 1 to 3
1931 WOODLAND TER $399,000 4 3 DETACHD 1 to 4
5866 RIDGETOP CT $400,000 3 2 DETACHD 1 to 3
1899 WOODLAND TER 425000 5 3.5 DETACHD 12 to 2
51 TANGLEWOOD DR 425000 4 2 DETACHD 1 to 3
17802 HILLSIDE WAY 449800 4 2.5 DETACHD 1 to 3
12 MONTICELLO DR 449900 3 2.5 DETACHD 11 to 2
4844 LOWER DR 469000 4 4 ATTACHD 12 to 3
17640 TREETOP WAY 469500 4 3 DETACHD 2 to 4
17890 KELOK RD 478500 4 2.5 DETACHD 2:30 to 4
4852 LOWER DR 499000 3 4 ATTACHD 12 to 3
19415 SW DOGWOOD CT 519900 4 2.5 DETACHD 1 to 5
19319 SW DOGWOOD CT 519900 5 3 DETACHD 1 to 5
4120 SOUTHSHORE BLVD 597000 3 2.5 DETACHD 1 to 3
18606 WESTVIEW DR 599000 3 2.5 DETACHD 12 to 3
17080 FERNWOOD DR 639900 5 3.5 DETACHD 1 to 3
5511 FIELDSTONE CT 695000 4 2.5 DETACHD 1 to 3
5533 FIELDSTONE CT 715000 4 2.5 DETACHD 1 to 3
1225 LAKE GARDEN CT 735000 4 3.5+.5 DETACHD 1 to 3
1785 PALISADES TERRACE DR 749900 5 4.5 DETACHD 1 to 3
282 GREENWOOD RD 799500 3 2.5 DETACHD 11:30 to 2:30
5700 CHILDS RD 824000 4 2.5 DETACHD 1 to 3
17301 CANAL CIR 825000 3 2.5 DETACHD 1 to 3
17884 KELOK RD 848000 5 3.5 DETACHD 2:30 to 4
17896 KELOK RD 848000 5 5 DETACHD 2:30 to 4
17537 CARDINAL DR 895000 5 4 DETACHD 1 to 3
18020 SKYLAND CIR 949000 4 3.5 DETACHD 1 to 3
17281 KELOK RD 1095000 3 3 DETACHD 12 to 3
18209 SIENA DR 1097000 5 3.5 DETACHD 1 to 3
18246 BELLA TERRA DR 1194000 4 3.5 DETACHD 1 to 3
2569 GLEN EAGLES PL 1199000 5 4.5+.5 DETACHD 1 to 3
1808 RIDGE POINTE DR 1269000 5 4.5 DETACHD 1 to 3
667 LAKE BAY CT 1279000 4 4 DETACHD 12 to 3
2572 GLEN EAGLES PL 2185000 5 4.5+.5 DETACHD 1 to 3

Lakewood Center for the Arts

Lake Oswego is a pretty art-oriented community. About town you will find the Gallery Without Walls, and art appreciation is taught by volunteers in the elementary schools. And then there is the annual Festival of the Arts which draws about 20,000 visitors each year for a full weekend of art and entertainment each June. I think a cornerstone of art in the city is the Lakewood Center for the Arts.

Located in the old Lakewood Elementary School building on State Street, the center houses the Lakewood Theater Company as well as a dance studio, art gallery, music and art classes, the Community Arts Preschool, community meeting rooms, and Re-Runs, a second hand shop that supports upkeep and renovation of the building.

The Lakewood Theater Company puts on 5 shows each season of extremely high quality. The stage was renovated in 2003 to hold 220 people with no seat more than 35 feet from the stage. Currently showing is the classic, Gypsy. Costs run about $30 for a single show or $130-$140 for a 5-show season. The performers are high-quality-local talent, with excellent sets and costumes. The theater has a history of 85-90% sell-out for performances. I have seen numerous performances and can attest to the value of the great entertainment.

Tickets are now on sale for the 2010-2011 season:
9/10-10/17: Sweet Charity
11/5-12/12: The Foreigner
1/14-2/20: The Hollow
3/11-4/17: Lend Me a Tenor
5/6-6/12: The Secret Garden

I have a soft spot for this theatre and a personal story. Back in the late 1970’s, when I was in High School at Lakeridge, I had a good friend who worked in the costume department. One Halloween she got us permission to use theatre costumes to attend a Halloween Party. She and I, along with another friend, were able to go to the party as a Chinese dragon. Talk about making an entrance!

I highly encourage you to support the Lakewood Center. And whether you are able to attend a play or not, if you are in Lake Oswego you are going to benefit from the presence of the Lakewood Center in our community.

This is just another great reason to live in Lake Oswego!

Dianne

Market Activity ~ August 2-8, 2010

Lake Oswego had 20 New properties enter the market, 12 go to Pending status, and 5 Sold during last week’s Monday – Sunday period according to RMLS.

This must be some kind of a record in this market~4 out of the 5 properties that closed last week were on the market for only around 2 weeks at: 19, 14, 9 & 12 days… total time on the market respectively.  I checked the history reports just to make sure, but sure enough, the info is accurate. Very interesting.

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

NEWLY LISTED (August 2-8, 2010)

Address List Price # Beds # Baths Total SF Prop Type
47 EAGLE CREST DR $70,900 1 1 696 CONDO
4631 LAKEVIEW BLVD $99,000 1 1 753 CONDO
129 OSWEGO SMT $99,995 1 1 764 CONDO
208 RIDGEWAY RD $144,900 1 1 778 CONDO
15220 BOONES WAY $179,900 2 1.1 1266 CONDO
212 RIDGEWAY RD $189,900 1 1 778 CONDO
5852 LAKEVIEW BLVD $243,000 3 1 1099 DETACHD
6157 SHAKESPEARE ST $319,900 3 1.1 1558 DETACHD
14081 GOODALL RD $364,900 4 2 2250 DETACHD
19201 MAREE CT $399,700 3 2 3739 DETACHD
5866 RIDGETOP CT $400,000 3 2 1866 DETACHD
6155 FROST LN $450,000 4 2.1 2364 DETACHD
1 HIDALGO ST $459,000 3 2.1 2670 DETACHD
4101 VIRGINIA WAY $499,000 5 3.1 2752 DETACHD
6236 WAYZATA CT $541,500 5 2.1 2752 DETACHD
13250 SANDALWOOD CT $569,000 3 2.1 2842 DETACHD
15776 INVERURIE RD $650,000 2 1 2350 ATTACHD
1483 WOODLAND TER $729,000 4 2.1 2794 DETACHD
5983 CLAIRMONT CT $749,000 5 3 3518 DETACHD
17531 KELOK RD $1,075,000 4 3 3000 DETACHD

PENDING SALES (Aug 2-8, 2010)

Address List Price Prop Type Total SF # Beds # Baths CDOM
200 BURNHAM RD $139,000 CONDO 1328 2 2 1134
16250 PACIFIC HWY $159,000 CONDO 1311 2 2 821
16000 PACIFIC HWY $179,000 CONDO 1208 2 2 310
642 EVERGREEN RD $210,000 DETACHD 810 2 0.1 0
16149 PEARCY ST $319,900 DETACHD 1250 3 2 35
15265 BOONES WAY $324,500 ATTACHD 1560 2 2.1 21
1660 WOODLAND TER $385,000 DETACHD 2728 4 3 208
75 CONDOLEA WAY $389,000 CONDO 2131 3 3 133
5288 DENTON DR $759,000 DETACHD 3240 5 2.1 43
17446 BRYANT RD $770,000 DETACHD 3477 4 4 1515
2125 RIDGE POINTE DR $819,000 DETACHD 3489 4 3.1 171
12819 ALTO PARK RD $1,097,500 DETACHD 3944 4 4.1 115

SOLD (August 2-8, 2010)

Address O/Price Close Price # Beds # Baths Prop Type Total SF CDOM
5713 SW KENNY ST $203,910 $194,000 3 2 DETACHD 1296 19
1960 MAPLELEAF RD $225,000 $195,325 3 2 DETACHD 1210 3
4321 WOODSIDE CIR $289,000 $273,000 3 2 ATTACHD 1532 14
17845 SARAH HILL LN $417,000 $385,000 4 2.1 DETACHD 2970 9
5580 KILCHURN AVE $549,900 $515,000 4 2.1 DETACHD 2286 12

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

Lake Oswego Open Houses ~ Sunday, Aug. 8, 2010

What a great group of homes “on tour” in Lake Oswego Sunday August 8th!  There are 32 properties total, and 3 under $400,000 including my new listing on Lamont Way (come see me!), 14 under $700,000, 7 more between $700,000 & 1 million, and 8 over a million.

Address L/Price # Beds # Baths Total SF Style Time
29 GREENRIDGE CT $249,000 3 2 1596 DETACHD 1-4PM
1118 OAK ST $319,900 3 1.1 1320 DETACHD 1-4PM
4840 LAMONT WAY $335,000 3 2 1793 DETACHD 1-4PM
57 CONDOLEA TER $425,000 2 2.1 2172 ATTACHD 1-3PM
6155 FROST LN $450,000 4 2.1 2364 DETACHD 2-4PM
4908 MULHOLLAND DR $474,900 3 2.1 2498 TWNHSE 1-3PM
17791 HILL WAY $500,000 4 2.1 2506 DETACHD 1-3PM
9 WESTMINSTER DR $514,000 5 2.1 3814 DETACHD 1-4PM
19415 SW DOGWOOD CT $519,900 5 3 3517 DETACHD 1-5PM
19319 SW DOGWOOD CT $519,900 4 2.1 3105 DETACHD 1-5PM
19451 SW DOGWOOD CT $539,900 6 3 3547 DETACHD 1-5PM
2 MORNINGVIEW CIR $549,000 3 2.1 2954 DETACHD 1-3PM
19245 SW MEGLY CT $584,900 5 3 3490 DETACHD 1-5PM
4120 SOUTHSHORE BLVD $597,000 3 2.1 1977 DETACHD 1-3PM
3899 DANIEL WAY $599,000 4 2.1 3127 DETACHD 12-3PM
3943 TEMPEST DR $639,000 4 2.1 3714 DETACHD 12-2PM
5511 FIELDSTONE CT $695,000 4 2.1 3032 DETACHD 1-3PM
5533 FIELDSTONE CT $715,000 4 2.1 3112 DETACHD 1-3PM
1225 LAKE GARDEN CT $735,000 4 3.2 3558 DETACHD 1-3PM
17110 LOWENBERG TER $775,000 4 2.1 2732 DETACHD 12-2:30PM
17154 LOWENBERG TER $789,000 5 3.1 3476 DETACHD 12-2:30PM
17288 LOWENBERG TER $829,900 4 3.1 3467 DETACHD 12-2:30PM
17896 KELOK RD $848,000 5 5 4323 DETACHD 2-4PM
17884 KELOK RD $848,000 5 3.1 4124 DETACHD 2-4PM
18209 SIENA DR $1,097,000 5 3.1 3839 DETACHD 1-3PM
18246 BELLA TERRA DR $1,194,000 4 3.1 4196 DETACHD 1-3PM
1808 RIDGE POINTE DR $1,269,000 5 4.1 4155 DETACHD 1-3PM
2569 GLEN EAGLES PL $1,279,000 5 4.2 4591 DETACHD 10-3PM
3118 DOUGLAS CIR $1,340,000 3 2.1 3562 DETACHD 1-4PM
4011 WESTBAY RD $1,395,000 5 3.1 4518 DETACHD 1-4PM
4700 SW DOGWOOD DR $1,449,900 5 3.1 5401 DETACHD 3-5PM
2572 GLEN EAGLES PL $2,185,000 5 4.2 6490 DETACHD 1-3PM

Featured Property ~ 4840 Lamont Way

What a charming home… I just couldn’t resist sharing my new listing with y’all!

1793 SF – 3 Bd – 2 Baths –  + Detached Studio or Shop – $335,000

Nestled on a very large (.28 acres) lot, this is a very private property in one of the hotter neighborhoods in Lake Oswego. Located at the rear of low-maintenance English-Garden-Style Grounds, it offers Privacy, Comfort and Location!

About a block off of Lakeview and easy access off Bryant Rd, this remodeled cottage is very near both Waluga Jr. High School and Bryant Elementary… as well as Shops, Services, Dining, the Lake… and so much more!  It is much larger than it looks from the outside, and for a home with a mature natural setting & gorgeous tall trees, it has tons of light through the multitude of windows and skylights. Though it has lots of vinyl windows, it also boasts really nice updated wooden dual-pane ones that add to the warm feel of this home.

Check out the Newer Kitchen, Dining/Sunroom, New Carpet throughout, Generous Bedrooms, Hardwoods, French Doors, Large Bathroom w/Separate Soaking Tub & Shower upstairs, and Master on the Main Level.

There is a Detached Studio in back that also has incredible loft storage space  (It is 16′ X 20′ & not included in home’s square footage.) Use it as a Guest House, Artist Studio, Shop or Office.

This large lot & super-cute cottage is a Rare Secluded Gem – Could be the site of your future dream home down the line!  For now… Comfort, Space and Privacy in a prime location.

Come visit me Sunday when I’ll be holding it open from 2-4PM!!  (See Photos Below)


Market Activity for July 26-August 1, 2010

What a beautiful summer we are having! On a really gorgeous day the market activity can slow down almost as much as can happen on one of winter’s harshest days. Despite the great weather, last week had some good activity: 13 new listings, 8 pending sales, and 16 closed sales.

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

NEWLY LISTED (July 26-Aug. 1, 2010)

Address List Price # BR # BATHS SQ FEET Prop Type
4081 JEFFERSON PKWY $219,900 2 2.5 1,618 CONDO
46 GREENRIDGE CT $234,900 3 2.5 2,128 CONDO
16090 SW KIMBALL AVE $365,000 4 1.5 2,276 DETACHD
1657 CAMPUS WAY $369,000 4 3 2,262 DETACHD
14480 CAMDEN LN $391,335 3 2.5 1,944 DETACHD
1600 WOODLAND TER $399,000 3 2 1,993 DETACHD
6132 SUMMER WOODS $489,900 4 2.5 2,778 DETACHD
2035 RIDGE POINTE DR $629,900 4 2 3,537 DETACHD
17658 BROOKHURST DR 649900 4 3 4,198 DETACHD
14246 KIMBERLY CIR 649950 4 2.5 3,520 DETACHD
4055 ORCHARD DR 669000 5 3.5 3,329 DETACHD
1968 CHERYL CT 1695000 4 4.5+.5+.5 6,153 DETACHD
1193 FAIRWAY RD 3900000 5 4.5+.5 6,616 DETACHD

PENDING SALES (July 26-Aug. 1, 2010)

Address List Price # BR # BATHS SQ FEET Prop Type CDOM
859 F AVE $239,900 2 1 952 DETACHD 13
1684 BOCA RATAN DR $248,900 3 2 1,611 ATTACHD 531
580 8TH ST $255,000 2 1 852 DETACHD 12
5524 BONITA RD $319,000 3 1 2,752 DETACHD 20
18929 INDIAN SPRINGS RD $324,900 5 3 3,380 DETACHD 7
17778 MARYLCREEK DR $424,900 3 2.5 2,741 DETACHD 49
12748 SW 22ND AVE $425,000 4 2.5 2,584 DETACHD 373
13595 KNAUS RD $599,000 4 2.5 3,339 DETACHD 15

SOLD (July 26-Aug. 1, 2010)

Address O/L Price Sales Price # BR # BATHS Prop Type CDOM
100 KERR PKWY $74,900 $60,500 1 1 CONDO 131
222 RIDGEWAY RD $125,000 $125,000 1 1 CONDO 13
4372 WOODSIDE CIR $284,900 $200,000 2 2 ATTACHD 165
4340 BOTTICELLI ST $239,900 $222,200 3 3+.5 CONDO 134
330 6TH ST $249,950 $239,000 1 1 DETACHD 5
1005 SOUTHSHORE BLVD $244,900 $249,000 4 2 DETACHD 74
4224 HAVEN ST $269,900 $269,000 4 2 DETACHD 39
15860 BOONES WAY $429,000 $380,000 3 2 DETACHD 81
1642 HIGHLAND DR $429,000 $418,000 4 3 DETACHD 74
17387 CANYON DR $479,000 $471,500 3 2+.5 DETACHD 11
17701 LEAFY LN $529,000 $507,000 4 3 DETACHD 94
4089 MELISSA DR $524,900 $520,000 4 2+.5 DETACHD 9
2311 OSWEGO GLEN CT $810,000 $700,000 4 2+.5 DETACHD 64
331 CHANDLER PL $799,500 $700,000 4 DETACHD 336
17281 LOWENBERG TER $884,900 $829,000 4 3+.5 DETACHD 494
245 CHANDLER PL $950,000 $895,000 4 2+.5+.5 DETACHD 6

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 for Sunday, August 1, 2010

This Sunday Lake Oswego has 31 open houses planned, according to the RMLS.  Enjoy!

Address List Price # BR # BATHS Prop Type Open
4057 JEFFERSON PKWY $224,900 3 2.5 CONDO 1:30 to 4
1723 CONIFER DR $269,000 3 2 DETACHD 12 to 3
37 BLOCH TER $300,000 3 2.5 ATTACHD 1 to 3
17683 ARBOR LN $319,900 3 2 DETACHD 1 to 3
2245 GLEN HAVEN RD $328,500 3 1.5 DETACHD 11 to 3
32 CHURCHILL DOWNS $399,900 4 2.5 DETACHD 12 to 2
762 LAKE FOREST DR $439,900 4 3 DETACHD 1 to 3
19319 SW DOGWOOD CT $519,900 5 3 DETACHD 1 to 5
19415 SW DOGWOOD CT 519900 4 2.5 DETACHD 1 to 5
745 BERWICK CT 529000 3 2 DETACHD 1 to 3
19451 SW DOGWOOD CT 539900 6 3 DETACHD 1 to 5
18263 ANDUIN TER 599950 4 3 DETACHD 2:30 to 4:30
2035 RIDGE POINTE DR 629900 4 2.5 DETACHD 12 to 2
3943 TEMPEST DR 639000 4 2.5 DETACHD 12 to 2
17658 BROOKHURST DR 649900 4 3 DETACHD 12 to 2
13596 STREAMSIDE DR 649999 3 2.5 DETACHD 1 to 4
5511 FIELDSTONE CT 695000 4 2.5 DETACHD 1 to 3
5533 FIELDSTONE CT 715000 4 2.5 DETACHD 1 to 3
4123 CHAD DR 719950 4 3.5 DETACHD 11 to 2
1785 PALISADES TERRACE DR 749900 5 4.5 DETACHD 1 to 3
2469 MARYLHAVEN PL 794500 4 3.5+.5 DETACHD 12 to 3
4288 LAKEVIEW BLVD 819000 3 2 DETACHD 12 to 3
2607 PALISADES CREST DR 830000 4 4.5 DETACHD 1 to 3
2335 OSWEGO GLEN CT 875000 4 4 DETACHD 1:30 to 3:30
18209 SIENA DR 1097000 5 3.5 DETACHD 1 to 3
18246 BELLA TERRA DR 1194000 4 3.5 DETACHD 1 to 3
16686 MAPLE CIR 1195000 4 3.5+.5 DETACHD 1 to 4
1808 RIDGE POINTE DR 1269000 5 4.5 DETACHD 1 to 3
4700 SW DOGWOOD DR 1499900 5 3.5 DETACHD 3:30 to 5:30
18024 SKYLAND CIR 1665000 4 3.5+.5 DETACHD 12 to 2
112 NORTHSHORE CIR 1695000 4 4.5+.5 DETACHD 1 to 4

Where did the Lake go?

For the last 2 years the City of Lake Oswego has had a major infrastructure project going on:  the replacement of the aging and inadequate sewer interceptor line that ran along the bottom of the lake.  The line is about 9000 feet and was both too small, causing over-flow when it reached capacity in heavy rain, and prone to damage in the event of an earthquake.  Replacement of the system has happened in stages with the second stage now winding down and the third stage about to begin.  Completion of the third stage will complete the project.

Sometime in September the water level of the lake will be drawn down.  Remember that the water level is controlled at a dam that is located at the East end.  When the water is drawn down, the lake will look almost completely empty with the exception of the very deepest areas.  Mostly, it will look empty.  This will be the status of the lake until next March when the lake will be allowed to refill.  The new water will come from rain runoff, the Tualatin River, and area streams and creeks.  The goal is to have the lake re-filled in plenty of time for summer recreation.

I’ve lived in Lake Oswego long enough to recall the days when the lake level was lowered regularly.  It was part of normal management of the lake to drain the water out for a few weeks every other winter.  This allowed water-front property owners to do needed repairs on their sea walls and boat houses.  Then, about 10 or so years ago, the decision was made to not drain the lake on any regular basis.  Which means that it has now been quite a few years since it was drained and that means it is going to come as quite a shock to local residents who haven’t been paying attention.

It is my experience that following the draining of the lake not only does the lake look better (from all of the work that gets done around the lake when the water level is down), but the water quality also tends to be much improved.  Swimming in the lake next summer will be great!

So don’t be surprised when the lake is drained in a month or so.  The water level will be restored.

For further info, including an exact schedule and e-mail updates, you can visit the City of Lake Oswego’s website and get all of the details.

Market Activity Report ~ July 19-25, 2010

***If you experienced problems with the site last week, we apologize.  It took some work but we remedied the issue and are happy to be back up and running delivering micro-local Lake Oswego real estate news and information to you! (Many thanks to Ron Ares : )

Lake Oswego had 26 New properties enter the market, 8 go to Pending status, and 5 Sold during last week’s Monday – Sunday period according to RMLS.

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

NEWLY LISTED (July 19-25, 2010)

Address List Price Total SF # Beds # Baths Prop Type
86 KINGSGATE RD $118,000 840 2 2 CONDO
45 EAGLE CREST DR $119,900 768 1 1 CONDO
5060 FOOTHILLS DR $229,950 1252 3 2 CONDO
5060 FOOTHILLS DR $299,900 1252 2 2 CONDO
18929 INDIAN SPRINGS RD $324,900 3380 5 3 DETACHD
446 5TH ST $327,000 1092 2 2 CONDO
1004 CUMBERLAND PL $449,950 3313 5 2 DETACHD
4908 MULHOLLAND DR $460,000 2498 3 2.1 ATTACHD
2 Scarborough $487,900 2751 4 3 DETACHD
1991 SW GREENTREE RD $495,000 2662 4 3 DETACHD
1060 UPPER DEVON LN $524,000 2400 3 2.1 DETACHD
13644 TWIN CREEK LN $589,899 2758 4 2.1 DETACHD
1950 SW Green Acre LN $594,900 2669 3 3.1 DETACHD
1941 SW Green Acres LN $619,900 2542 3 3 DETACHD
12645 BOONES FERRY RD $630,000 3036 4 2 DETACHD
920 OAK TER $649,950 3467 4 2.1 DETACHD
5657 VICTORIA CT $689,900 3421 4 3 DETACHD
5553 KILCHURN AVE $699,900 3274 4 2.1 DETACHD
5463 DENTON DR $799,000 3553 4 2.1 DETACHD
13658 PROVINCIAL HILL WAY $799,900 3853 5 4 DETACHD
17392 BERGIS FARM DR $989,950 4734 4 3.2 DETACHD
755 6th ST $1,050,000 3973 4 3.1 DETACHD
18308 MEADOWLARK LN $1,729,000 7341 4 3.3 DETACHD
3648 LAKEVIEW BLVD $2,295,000 4000 4 2.1 DETACHD
17860 CRESTLINE DR $2,650,000 6810 4 5.2 DETACHD
1745 SOUTHSHORE BLVD $2,950,000 5545 4 4.1 DETACHD

PENDING SALES (July 19-25, 2010)

Address List Price Total SF # Beds # Baths Prop Type CDOM
139 TOUCHSTONE CT $279,900 1846 2 2.1 ATTACHD 33
1728 ASPEN CT $279,900 1852 3 2.1 DETACHD 362
4490 LAKEVIEW BLVD $299,900 1727 3 2 DETACHD 90
4664 FIRWOOD RD $349,900 1640 3 2 DETACHD 53
15860 BOONES WAY $399,900 2105 3 2 DETACHD 81
4284 WESTBAY RD $525,000 1539 3 2 DETACHD 12
1272 ZIVNEY LN $597,000 2658 5 3 DETACHD 103
333 NORTHSHORE RD $1,900,000 5152 4 4.1 DETACHD 233

SOLD (July 19-25, 2010)

Address O/Price Close Price Total SF # Beds # Baths Prop Type CDOM
47 EAGLE CREST DR $84,950 $71,000 1009 2 1 CONDO 104
1601 GREENTREE RD $340,100 $249,900 2444 3 2.1 DETACHD 149
540 2ND ST $410,000 $375,000 1520 2 2.1 CONDO 869
18893 INDIAN SPRINGS CIR $439,000 $441,000 2841 4 3 DETACHD 3
2941 WESTVIEW CIR $699,000 $650,000 3075 5 2.1 DETACHD 4

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