Tag: Linda Rossi

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Open Houses in LO for Sunday June 6th, 2010

There will be 27 open houses in Lake Oswego this Sunday (according to the RMLS). We are actually getting a break in the rain this weekend, so it should be a nice afternoon for touring the town and seeing some beautiful homes.

Address List Price Year Built BR BTH Prop Type Open
1400 BONNIEBRAE DR $183,500 1969 2 1 ATTACHD 1 to 4
4490 LAKEVIEW BLVD $325,000 1955 3 2 DETACHD 12 to 2
14433 HOLLY SPRINGS RD $364,950 1998 4 2 + .5 DETACHD 1 to 3
4971 SUNTREE LN $378,000 1988 3 2 + .5 DETACHD 1 to 4
2697 LOOKOUT CT $429,000 1972 3 2 DETACHD 10 to 11:30
950 LAKE FRONT RD $439,000 1975 3 2 + .5 DETACHD 12 to 2
13340 AUBURN CT $450,000 2005 3 2 + .5 ATTACHD 2 to 4
5475 WILLOW CT $474,900 2008 3 2 + .5 ATTACHD 1 to 3
17802 HILLSIDE WAY 475000 1974 4 2 + .5 DETACHD 1 to 4
975 SOUTHSHORE BLVD 479900 1990 3 2 + .5 DETACHD 1 to 3
9 WESTMINSTER DR 519000 1976 5 2 + .5 DETACHD 1 to 3
5678 CHARLES CIR 525000 1985 3 4 DETACHD 1 to 4
19415 SW DOGWOOD CT 539900 2010 5 3 DETACHD 1 to 5
363 6TH ST 549900 2009 2 3 + .5 ATTACHD 1 to 4
4 INDEPENDENCE AVE 564900 1969 4 3 + .5 DETACHD 1 to 3
17769 OVERLOOK CIR 579900 1966 5 3 + .5 DETACHD 1 to 3
4184 SUNSET DR 589000 1965 6 3 DETACHD 1 to 3
13265 FOX RUN 680000 1984 3 2 + .5 + .5 DETACHD 1 to 3
12439 SW 22ND AVE 899900 2004 4 3 + .5 DETACHD 2 to 4
18222 SIENA DR 1088000 2010 6 4 + .5 DETACHD 12 to 2
18020 SKYLAND CIR 1098000 1972 4 3 + .5 DETACHD 1 to 4
18209 SIENA DR 1178950 2009 5 3 + .5 DETACHD 12 to 2
18143 SIENA DR 1197000 2009 5 4 + .5 DETACHD 12 to 2
1808 RIDGE POINTE DR 1269000 2010 5 4 + .5 DETACHD 12 to 2
18246 BELLA TERRA DR 1294000 2009 4 3 + .5 DETACHD 12 to 2
3118 DOUGLAS CIR 1440000 2007 3 2 + .5 DETACHD 12:30 to 3
4700 SW DOGWOOD DR 1499900 2005 5 3 + .5 DETACHD 2:20 to 4
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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.

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News & Notes

The City of Lake Oswego is mourning the unexpected passing of it’s beloved Police Chief, Dan Duncan. There will be a memorial service June 4th, 1:00PM at the Rolling Hills Community Church.  Flags in the city will be at half-mast from now until that date.  His family has set up a Memorial Site with photos and information. Well-wishers may leave messages there for them.

The Willamette Shore Trolley is up & running! This has been one of my favorite things to do with visitors to Lake Oswego for many, many years.  I have photos of beloved family members and I enjoying the ride to & from Portland that I will always cherish.  Make your own memories as the train winds along the waterfront & through the trees & neighborhoods that line this historic passage between the two cities.  This route is also the one being considered for a possible streetcar!   For a schedule of times & fares call 503 697 7436, or visit the Website.

The latest Market Activity Report for Portland Metro produced by RMLS shows the following data:

  • Comparing April 2010 with April 2009:  Closed Sales increased 49.1%, and Pending Sales rose 60.8% with New Listings going up by 23.8%
  • When comparing April 2010 with March 2010, the average sale price rose just 0.6%
  • Comparing January – April 2010 with the same period in 2009, Closed Sales increased 41.4%, with Pending Sales rising by 46.3% and New Listings by 15.4%
  • April’s Total Market Time for Portland Metro was: 127 days
  • Lake Oswego and West Linn’s Total Market Time was: 147 days
  • Lake Oswego and West Linn’s Average Sales Price (RMLS lumps the two areas together) was $502,800.
  • Lake Oswego and West Linn posted 101 Closed Sales in April with 1066 Active Listings
  • Lake Oswego and West Linn saw a 113.8% increase in Pending Sales April 2010 compared to April 2009
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Market Activity for May 17-23, 2010

The housing market in Lake Oswego included 19 new listings, 15 pending sales, and 14 closed sales. You will probably notice some categories moved/missing/changed. Linda and I use a macro in excell to develop these charts. RMLS has made technical changes that are affecting our macro, which we need to re-work. Thanks for your patience while we get the kinks ironed out. I think the basic data is here.

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

NEWLY LISTED (May 17—23, 2010)

Address List Price # BR SF Up+Mn Prop Type
322 CERVANTES CIR $85,000 2 832 CONDO
512 S STATE ST $129,900 1 829 CONDO
668 MCVEY AVE $149,000 2 976 CONDO
16515 INVERURIE RD $299,000 3 1,772 DETACHD
16808 INVERURIE RD $299,900 3 1,182 DETACHD
14372 CAMDEN LN $448,500 3 2,348 DETACHD
1462 GREENTREE CIR $449,900 4 2,507 DETACHD
8 MORNINGVIEW CIR $529,900 3 2,217 DETACHD
230 4TH ST 619900 3 2,165 DETACHD
13265 FOX RUN 680000 3 2,614 DETACHD
17632 WOODHURST PL 699900 5 – DETACHD
17970 ROYCE WAY 799000 4 2,713 DETACHD
19000 BRYANT RD 965000 5 5,874 DETACHD
1425 CHANDLER RD 978000 4 2,204 DETACHD
1235 CHANDLER RD 985000 5 2,044 DETACHD
17301 BERGIS FARM DR 1060000 4 – DETACHD
2569 GLEN EAGLES PL 1349000 5 4,591 DETACHD
13900 GOODALL RD 1600000 5 4,282 DETACHD
1973 CHERYL CT 1695000 5 4,396 DETACHD

PENDING SALES (May 17-23, 2010)

Address List Price # BR Sq Ft SF Up+Mn Prop Type CDOM
100 KERR PKWY $77,500 2 823 823 CONDO 66
100 KERR PKWY $92,500 2 823 823 CONDO 27
3433 SW MCNARY PKWY $123,900 2 1008 1,008 CONDO 98
32 CERVANTES CIR $129,500 2 1092 912 CONDO 160
136 TOUCHSTONE TER $279,000 3 1996 1,198 DETACHD 243
729 3RD ST $295,000 4 1671 1,671 DETACHD 10
4313 ALBERT CIR $367,900 3 1790 1,790 DETACHD 14
1255 BAYBERRY RD $375,000 3 1901 1,901 DETACHD 253
1400 LEE ST 421500 4 2804 1,514 DETACHD 146
24 PARTRIDGE LN 449000 4 3224 3,224 DETACHD 40
675 10TH ST 490000 4 2280 1,272 DETACHD 374
14158 KIMBERLY CIR 530000 5 3548 3,648 DETACHD 18
1158 BAYBERRY RD 649000 4 2386 2,386 DETACHD 10
1703 VILLAGE PARK LN 749000 3 3450 3,450 DETACHD 156
1414 COUNTRY COMMONS 945000 4 5679 3,082 DETACHD 68

SOLD (May 17-23, 2010)

Address Closed Price Original Price #BR Sq Ft Prop Type CDOM
65 OSWEGO SMT $118,000 $129,900 2 1,140 CONDO 8
5051 FOOTHILLS DR $169,900 $210,000 2 991 CONDO 248
750 1ST ST $178,000 $195,000 2 1,350 CONDO 73
5056 FOOTHILLS DR $257,000 $299,900 2 1,252 CONDO 194
19032 KRISTI WAY $262,000 $259,900 2 1,390 DETACHD 7
4420 GOLDEN LN $295,000 $279,900 3 2,165 CONDO 391
119 3RD ST $350,000 $429,900 3 1,204 CONDO 187
5299 LAKEVIEW BLVD $365,000 $399,900 4 2,165 DETACHD 594
2440 OVERLOOK DR $480,000 $525,000 4 3,874 DETACHD 36
815 COUNTRY COMMONS LN $494,500 $595,000 4 2,376 DETACHD 83
3115 ROSEMARY LN $513,000 $599,900 3 3,324 DETACHD 244
17388 CEDAR RD $575,000 $875,000 2 2,134 DETACHD 402
18125 WESTMINSTER DR $658,000 699888 5 3,969 DETACHD 344
356 9TH ST $1,070,000 $1,275,000 4 3,647 DETACHD 98

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 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
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Take good care of your credit

I suppose it is somewhat of a no-brainer that as a consumer you need to take good care of your credit, but if you are considering buying real estate, it is more important than ever. The days that qualified you to buy a home by merely having a pulse are long gone. Credit is more important than ever.

What is a FICO Score?
The FICO score was developed by The Fair Isaac Corporation in 1958. It is a statistical analysis of the likelihood of default. It has long been considered the most fair means of analyzing credit because it is purely about statistics with no consideration given for any personal matters such as sex, race, religion, etc. Mortgage lenders reliance on FICO Scores has gained in prominence and only looks to increase.

A FICO Score can be anywhere from 300-850. It is made up of the following considerations:
35% is payment history: do you pay your bills on time?
30% is ratio of available credit used: do you max out your credit cards?
15% is length of credit history.
10% is types of credit (having a variety of credit is good)
10% is recent credit inquiries

So it is more than simply paying your bills on time. If you want an 850 credit score, you certainly need to pay your bills on time, but you also need a variety of credit, not too much of it, that has low balances, that you have managed for years, and that you have not recently applied for. I have heard it said that the magic number of credit cards is 4, most with little or no balances. You do need to be using the credit. If you have 4 credit cards that you never use, it is not going to help you.

By law you are entitled to a free annual credit report. You can obtain one from each of the 3 credit bureaus by visiting AnnualCreditReport.com Because there are 3 credit bureaus, each with their own means of analysis, you will want to obtain copies of all 3 reports. If you see something strange on the report, you will also find links to managing your credit and fixing your credit.

Why FICO matters when you buy a house.
First, having a high credit score will allow you to obtain a lower interest rate on your mortgage. On a 30-year fixed mortgage of $300,000, a person with a FICO score of 760-850 will be able to obtain an interest rate of about 4.567% and that will make the payment $1532 per month. With a credit score of 620-639, that same 30-year mortgage would have an interest rate of 6.156% and a monthly payment of $1829 per month. That is a difference of $300! Yes, you will be rewarded for being financially strong.

Second, your credit is going to be checked more then once when you buy a house. According to a recent article by Kenneth Harney of the Washington Post, on June 1st,Fannie Mae will be requiring a second credit report be pulled just prior to close of escrow. This is to find out if anything has changed with the buyer’s credit since the loan was approved. If it has changed, then, poof, you could be kicked right out of closing and not be able to buy the house you want. This means that once you find a home and get your offer accepted, do not do anything to change your credit. Even making an inquiry for new credit could create disaster. Suppose you go to a furniture store and apply for a line of credit because you are dreaming of furnishing your new home? You don’t even have to make a purchase. Just having the extra credit available could affect your credit. While in escrow, make all payments on time, but make no credit applications, no purchases on credit, and no changes, no matter how small, to your credit situation. This is much more strict than I have ever seen. It is real. I had a closing postponed for 3 weeks while the buyer made a $500 payment on his credit card and we waited for the payment to be reflected in his FICO score with the 3 credit bureaus. I am also aware of 1 late payment on a credit card while in escrow that completely kicked the loan out of underwriting and the transaction sale failed.

Please let me know if you have any questions on this issue or if you need any help. I work with a couple of excellent lenders who are happy to take the time to help you build and repair your credit so that you can qualify for the house of your dreams.

Dianne

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Market Activity Report for May 10-16, 2010

The housing market in Lake Oswego included 19 new listings, 11 pending sales, and 13 closed sales. You will probably notice some categories moved/missing/changed. Linda and I use a macro in excell to develop these charts. RMLS has made technical changes that are affecting our macro, which we need to re-work. Thanks for your patience while we get the kinks ironed out. I think the basic data is here.

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

NEWLY LISTED (May 10—16, 2010)

Address List Price Year Built Sq. Ft. Prop Type
3433 MCNARY PKWY $125,000 1994 1,136 CONDO
4 TOUCHSTONE $179,000 1970 675 CONDO
18430 PILKINGTON RD $259,000 1973 1,029 DETACHD
244 Greenridge DR $319,000 1974 1,907 ATTACHD
5031 TUALATA LN $329,000 1969 1,492 DETACHD
5973 KENNYCROFT WAY $329,500 1962 1,202 DETACHD
5827 BONITA RD $399,900 2002 1,771 DETACHD
16931 Bryant RD $424,500 1930 1,767 ATTACHD
71 TANGLEWOOD DR 449000 1972 2,616 DETACHD
13364 AUBURN CT 450000 2005 2,371 ATTACHD
464 LIVINGOOD LN 459995 1985 1,454 DETACHD
19451 SW DOGWOOD CT 559900 2010 3,594 DETACHD
8 DEL PRADO ST 599950 1972 1,877 DETACHD
4121 CHILDS RD 789900 2006 3,352 DETACHD
11 HILLSHIRE DR 825000 1990 3,415 DETACHD
3030 WESTVIEW CT 859000 1969 2,635 DETACHD
490 COUNTRY CLUB RD 900000 1938 2,240 DETACHD
2607 PALISADES CREST DR 1000000 1981 – DETACHD
2133 HAZEL RD 1325000 2006 3,965 DETACHD

PENDING SALES (May 10-16, 2010)

Address List Price Year Built Sq. Ft. Prop Type
775 BOCA RATAN DR $180,000 1975 2,401 DETACHD
1960 MAPLELEAF RD $225,000 1965 1,210 DETACHD
729 3RD ST $295,000 1948 1,671 DETACHD
666 3RD ST $299,900 1948 953 DETACHD
18922 REDWING WAY $369,900 1969 2,076 DETACHD
16044 INVERURIE RD $399,000 1942 952 DETACHD
1025 C AVE $408,950 1950 1,263 DETACHD
1055 COUNTRY CLUB RD $449,000 1954 1,552 DETACHD
5711 SOUTHWOOD DR 519000 1990 2,655 DETACHD
106 3RD ST 649000 1957 1,495 DETACHD
17281 LOWENBERG TER 839900 2009 2,996 DETACHD

SOLD (May 10-16, 2010)

Address Original Price Sold Price SF Prop Type CDOM
8 OSWEGO SMT $135,000 $123,000 1140 CONDO 115
1137 SPRUCE ST $258,900 $254,900 1214 DETACHD 7
15256 BOONES WAY $335,000 $284,950 1600 ATTACHD 350
4774 OAKRIDGE RD $339,000 $332,500 2104 DETACHD 220
5 ORIOLE LN $340,000 $341,000 2024 DETACHD 14
4548 BLACK FOREST CT $550,000 $393,000 2157 DETACHD 644
4962 BILFORD LN $439,000 $405,000 2168 DETACHD 106
2251 PRESTWICK RD $407,250 $407,250 2236 DETACHD 3
531 2ND ST $399,000 $412,000 1393 CONDO 57
4705 LAKEVIEW BLVD $529,900 $510,000 2700 DETACHD 7
17644 WOODHURST PL $629,900 $550,000 4509 DETACHD 927
5245 LANGFORD LN $719,000 $709,000 2957 DETACHD 104
1224 TYNDALL CT $849,000 $779,000 4157 DETACHD 306

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 ~ Sunday, June 13, 2010

Enjoy this gorgeous Rose Festival Weekend, and add Home Shopping to your agenda with 33 properties open for your viewing pleasure on Sunday.

Here are the Open Houses according to RMLS:

Address L/Price # Beds # Baths Total SF Prop Type Time
1684 BOCA RATAN DR $248,900 3 2 1611 TWNHSE 1-3PM
19167 LONGFELLOW AVE $269,000 3 2.1 1782 DETACHD 1-6PM
16711 MELLON AVE $309,900 3 2 1346 DETACHD 1-3PM
18238 TERRY AVE $350,000 3 2.1 1604 DETACHD 12-2PM
5160 TUALATA LN $354,900 3 2 1470 DETACHD 1:30-4PM
5160 TUALATA LN $354,900 3 2 1470 DETACHD 1:30-4PM
5324 LOWER DR $370,000 3 2.1 2034 DETACHD 12-2PM
19026 INDIAN SPRINGS RD $385,000 5 3 2471 DETACHD 10AM-2PM
5827 BONITA RD $399,900 3 2 1771 DETACHD 2-4PM
5364 ROSEWOOD ST $401,500 4 2.1 1980 DETACHD 1-3PM
17460 SCHALIT WAY $418,900 4 3 2197 DETACHD 1-4PM
2697 LOOKOUT CT $429,000 3 2 2219 DETACHD 10-11:30AM
662 CLARA CT $429,900 3 3 2740 DETACHD 4-6PM
1462 GREENTREE CIR $435,000 4 2.1 2507 DETACHD 1-4PM
1970 GREENTREE RD $450,000 4 3 2428 DETACHD 1-4PM
2705 ORCHARD HILL LN $469,900 4 2.1 2841 DETACHD 1-4PM
17640 TREETOP WAY $498,900 4 3 2718 DETACHD 2:30-4PM
5008 HAMPTON CT $529,000 3 2.1 2346 DETACHD 12-2PM
19415 SW DOGWOOD CT $539,900 5 3 3517 DETACHD 12-5PM
19451 SW DOGWOOD CT $559,900 6 3 3547 DETACHD 12-5PM
33 MORNINGVIEW CIR $574,900 3 2.1 2737 DETACHD 2-4PM
4070 VIRGINIA WAY $725,000 3 2.1 3510 DETACHD 1-3PM
5 CELLINI CT $735,000 5 3.1 4895 DETACHD 1-3PM
1930 INDIAN TRL $829,500 3 3 3260 DETACHD 1-3PM
3030 WESTVIEW CT $844,500 4 2.1 3415 DETACHD 11-1PM
18209 SIENA DR $1,178,950 5 3.1 3839 DETACHD 12-2PM
18143 SIENA DR $1,197,000 5 4.1 4152 DETACHD 21-2PM
1808 RIDGE POINTE DR $1,269,000 5 4.1 4155 DETACHD 21-2PM
2569 GLEN EAGLES PL $1,349,000 5 4.2 4591 DETACHD 1-4PM
4700 SW DOGWOOD DR $1,499,900 5 3.1 5401 DETACHD 2:30-4PM
1790 Skyland DR $1,599,000 5 4.1 6033 DETACHD 1-3PM
14242 BRIDGE CT $1,999,950 5 4.2 6139 DETACHD 2-4PM
2572 GLEN EAGLES PL $2,285,000 5 4.2 6490 DETACHD 1-3PM
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News & Notes

Real Estate News ~

Have a wood stove?  Planning to buy or sell a home with one? Note that beginning August 1st, 2010, in an effort to control emissions from smoke, when selling a home you will be required to remove the wood stove if it is “uncertified” by the DEQ.  Here is a link for more information: Woodstoves in Oregon

Greece and Mortgage Rates – MBS Quoteline reports: ” Despite stronger than expected economic data, the financial situation in Greece held the greatest influence on mortgage rates this week. A flight to quality and prospects of slower economic growth in Europe were favorable for mortgage markets and negative for the stock market, and mortgage rates ended the week lower.”

Current Mortgage Rates and Mortgage Insurance Updates – According to Pat Goodell of Academy Mortgage:

  • “Some of the Mortgage Insurance companies have gone to tiered pricing based on credit scores which is good news to those with good credit scores.  Mortgage insurance companies also will now allow “up front mortgage insurance” (in lieu of monthly mortgage insurance) to be paid by the seller.  The potential advantage of this is that the seller can pay the up front mortgage insurance as part of any allowable closing costs that a buyer might negotiate for a seller to pay.  Then the buyer has no mortgage insurance premium to pay as part of their mortgage – this may or may not be an advantage to the buyer depending on their situation; but it does help for qualifying by reducing their monthly mortgage payment.  There are qualifying parameters for this option and the lender also has to approve this option as well.”
  • “Interest rates are holding steady now with the 30-yr fixed still hovering around 5% — 30-yr fixed today is actually available at 4.875% with 0 pts, depending on the buyer’s qualifications.”

    • Community Notes ~

    Farmers Market opens this Saturday, May 15th in Lake Oswego. (yay!)  This is the 10th Anniversary Celebration.  You can find the food  & fun at Millennium Plaza Park from 8:30AM – 1:30PM on Saturdays through October 9th.   Local musical group, Southern Nights, will perform from 10:30AM till 12:30PM at the kickoff, and the Bike Gallery will be there to check your kids’ helmets!

    May is Sustainability Action Month. Take advantage of these local events:

    • Free screening of the film Deep Green with local film-maker Matt Briggs. This is an insightful look at “uncovering the best people with the best solutions for “de-carbonizing energy and restoring the natural world.” It will be held Saturday evening, May 15th at 7:30Pm at the Lake Grove Presbyterian Church, 4040 Sunset Drive.  Bring your family and friends!
    • Get a good look at Lake Oswego’s Century Trees on the Century Tree Bike Ride, May 22nd.  The bike ride is hosted by the Planning Dept.’s Green Team, and more information can be had by contacting Laura Weigel at Lweigel@ci.oswego.or.us .

    Lake Oswego’s city council created the Sustainability Action Board (SAB) in 2008. For more information on sustainability, visit: The Sustainability Resource Page

    To Move or Not To Move / Lifestyle Options for Older Adults , an educational program for seniors and their families is designed to give information on housing options and resources in Lake Oswego.  You are invited to attend on May 16th, from 2:00PM to 5:00Pm at the Lake Oswego Adult Community Center, 505 G Avenue.