Tag: listing

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Market Activity for June 27-July 3, 2011

Even with the holiday weekend, the real estate market was fairly active. We tend to slow down when we compete with the nice weather. Last week brought 11 new listings, 10 pending sales, and 14 closed sales.
See below for further details (data derived from RMLS):

NEWLY LISTED (June 27-July 3, 2011)

Address Type Price Sq FT BR Baths
47 Greenridge Ct Attached $124,500 1176 2 1.5
4 Touchstone #120 Condo $129,900 1351 3 2.5
5052 Foothills Dr E Condo $200,000 1370 2 2
5880 Rockwood Ct Detached $300,000 1763 3 2
4401 Oakridge Rd Lot 22 Attached $323,010 1692 2 2.5
14204 Kimberly Circle Detached $498,800 2904 3 3
17261 Kelok Rd Detached $599,900 2340 3 2
919 Lake Shore Rd Detached $625,000 1817 3 2
12808 Elk Rock Rd Detached $924,000 3980 4 3.5
16661 Phantom Bluff Ct Detached $4,900,000 5143 6 6.5
1024 N Shore Rd Detached $5,250,000 7000 5 5.5

PENDING SALES (June 27-July 3, 2011)

Address Type Price Sq Ft BR Baths CDOM
194 Ridgeway Rd 11B Condo $169,900 1659 3 1 237
5311 Tualata Ct Detached $249,000 1387 3 1.5 73
122 Kingsgate Rd Detached $289,950 1846 3 2.5 5
1960 Mapleleaf Rd Detached $299,900 1426 3 2 244
16950 Lakeridge Dr Detached $399,000 2346 4 2.5 53
187 Furnace St Condo $469,000 1927 2 2.5 67
18034 Westview Dr Detached $548,950 3619 4 2.5 120
13254 Twin Creek Ct Detached $599,500 3470 3 2.5 56
4169 Casey Ct Detached $749,000 3770 4 3.5 83
1954 Egan Way Detached $1,050,000 3748 3 2.5 323

SOLD (June 27-July 3, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
16250 Pacific Hwy #81 $99,000 $80,000 Condo 841 167
200 Burnham Rd #201 $110,000 $90,000 Condo 897 167
246 Ridgeway Rd 17B $125,000 $112,000 Condo 753 59
4235 Harvey Way $395,000 $250,000 Detached 1384 588
1740 Kilkenny Dr $299,950 $253,000 Detached 2000 45
8 Mountain Circle $267,000 $267,000 Attached 1316 45
11 Condolea Dr $385,000 $372,000 Condo 2157 265
4699 Oakridge Rd lot 6 $376,380 $375,000 Attached 1738 78
150 Iron Mountain $449,900 $396,000 Detached 2868 25
5321 Amberwood Ct $676,000 $575,000 Detached 3315 288
1969 Palisades Terrace $725,000 $685,000 Detached 3930 228
520 C Ave $700,000 $700,000 Attached 3242 0
2133 Hazel Rd $1,090,000 $1,025,000 Detached 4099 380
14001 Goodall Rd $1,329,000 $1,245,000 Detached 5397 48

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 July 3rd, 2011

There are 13 houses being held open in Lake Oswego this Sunday. Enjoy.

Address Price Bedrooms Baths Open
5 Britten Ct $225,000 2 2 1 to 3
5880 Rockwood Ct $300,000 3 2 2 to 4
5108 Greensborough Ct $399,900 3 2.5 3 to 5
2697 Lookout Ct $415,000 3 2 1 to 4
211 Hildalgo St $429,000 4 2.5 1 to 4
14361 Sherbrook Pl $449,900 3 2.5 2 to 4
16695 Glenwood Ct $469,900 4 3 12 to 2
5843 Ridgetop Ct $499,950 4 3 1 to 3
5511 Fieldstone Ct $638,950 4 2.5 1 to 3
5533 Fieldstone Ct $648,950 4 2.5 1 to 3
15622 Fieldstone Dr $688,950 3 2.5 1 to 3
4160 Lakeview Blvd $995,000 4 4.5 1:30 to 3:30
1066 Northshore Rd $1,195,000 4 5.5 1 to 4
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Worth the Price Fix-Ups

If you are in the position of selling your home, and don’t have a big pile of money to make improvements, are there things you can do yourself that are affordable? You bet! With the help of www.homesalemaximizer.com, I have compiled a list of simple things you can do inexpensively. I am also including an estimated return on your efforts.

Clean and declutter, please!
This one is the most obvious. You can not image how often I go into houses where the seller has left the house dirty and cluttered and the property is a total turn-off, even if it is a nice house. Wash, clean, vacuum, make the house sparkle. Put away personal items. You’re going to be moving anyway, now is the time to start packing. Go ahead and put boxes and extra furniture in the garage. It’s OK to fill the garage in order to have a decluttered house. Estimated cost: $290. Estimated return: $1,990

Brighten the house up
Make sure that all light bulbs are working. Open the curtains and turn on all of the lights. Wash the windows inside and out. Replace dated light fixtures. (No brass!) Move furniture so that it does not block the windows. Estimated cost: $375. Estimated return: $1550.

Stage the house
Rooms look bigger when they are not overcrowded. Move furniture so that people can walk through the rooms without bumping into furniture. Think about arranging furniture into 3’s: one sofa and two chairs, one bed and two cabinets, 3 is a balance that is appealing to the eye. Consider updating rooms with new pillows or area rugs. Estimated cost: $550. Estimated return: $2,194.

Landscaping
Cut back overgrowth in your yard. An over-grown yard just screams WORK. Mow the lawn and edge it. Spread new bark dust. Weed and trim. Plant new annuals and set out fresh and bright pots of blooming flowers. Be sure to cut back trees and shrubs that overhand walk ways or that block windows. Estimated cost: $540. Estimated return: $1,932.

Repair electricals and plumbing
Fix outlets and lights that don’t work. Consider having an electrician look over your main panel and fix wiring that does not work. I can promise you that a buyer will find this stuff and ask you to do it anyway. Get it done now and make your home not only ready, but fully functional. Fix dripping faucets and leaks under the sink. Be sure to scrub away any mold or mildew. Estimated cost: $535. Estimated return: $1505.

Replace or shampoo worn and dirty carpets
New carpet has a huge impact on a home. Everything else in the house can be out of date, but with new carpet the house feels fresh. In addition, soiled carpet is a big source of odors which are a big turn off. Stained carpet is also a problem. No one wants to buy someone else’s dirt. Estimated cost: $647. Estimated return: $1,739.

Even if you are not about to sell your home, consider doing these do-it-yourself fixes. You too will enjoy a home that is clean and well cared for.

Let me know if you have any questions or other ideas,
Dianne

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Market Activity June 20 – 26, 2011

There are 20 New properties that have come on the market, 12 in Pending status, and 12 Sold during last week’s 7-day span. 
See below for further details (data derived from RMLS):

NEWLY LISTED (June 20-26, 2011)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY 43 $77,380.0 2 3 822 CONDO
26 CERVANTES CIR $139,900.0 2 1.1 912 CONDO
785 3RD ST $248,000.0 2 1 1856 DETACHD
6218 NOKOMIS CT $267,900.0 4 2 1512 DETACHD
16784 ROOSEVELT AVE $279,900.0 4 2 1787 DETACHD
1674 FIRCREST DR $309,000.0 4 2 1998 DETACHD
2803 ORCHARD HILL PL $329,900.0 3 2.1 1856 DETACHD
1685 CLOVERLEAF RD $389,000.0 3 2.1 1718 DETACHD
5108 GREENSBOROUGH CT $399,900.0 3 2.1 2396 DETACHD
2825 VALE CT $417,000.0 4 2 2304 DETACHD
16695 GLENWOOD CT $469,900.0 4 3 3060 DETACHD
13070 BOONES FERRY RD $499,900.0 3 1 1297 DETACHD
4098 BUCK BRUSH LN $539,900.0 5 4 4672 DETACHD
149 DEL PRADO ST $550,725.0 4 3.1 3266 DETACHD
1159 TYNDALL CT $639,000.0 3 3.1 4334 DETACHD
6 SHERWOOD CT $675,000.0 4 3 3133 DETACHD
14124 HEATHROW LN $725,000.0 4 3.1 3812 DETACHD
705 10TH ST $1,399,000.0 4 3.1 4818 DETACHD
17860 CRESTLINE DR $1,500,000.0 4 5.2 6810 DETACHD
13455 KNAUS RD $2,495,000.0 5 5.1 7634 DETACHD

PENDING SALES (June 20-26, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
6062 BURMA RD $231,480.00 3 2 1875 DETACHD 309
4235 HARVEY WAY $259,000.00 3 2 1384 DETACHD 588
3077 DIANE DR $299,000.00 4 1.1 2634 DETACHD 23
19200 MAREE CT $300,000.00 3 2 1563 DETACHD 113
14372 CAMDEN LN $399,900.00 3 2.1 2348 DETACHD 74
133 FURNACE ST $469,000.00 2 2.1 1927 CONDO 429
573 2ND ST 308 $635,000.00 2 2.1 1748 CONDO 504
657 9TH ST $689,000.00 3 2.1 2812 DETACHD 13
190 FURNACE ST $700,000.00 5 4.1 4022 DETACHD 414
520 C AVE $700,000.00 4 4 3242 ATTACHD 0
18020 SKYLAND CIR $895,000.00 4 3.1 3210 DETACHD 98
17700 UPPER CHERRY LN $2,375,000.00 5 5.1 6907 DETACHD 315

SOLD (June 20-26, 2011)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
44 EAGLE CREST DR 8 $87,000 $52,000 2 1 908 CONDO 140
200 BURNHAM RD 406 $124,900 $105,000 2 1 1216 CONDO 990
16250 PACIFIC HWY 71 $129,900 $106,000 2 2 1305 CONDO 50
20 CERVANTES CIR $136,500 $130,000 2 1.1 912 CONDO 34
16200 PACIFIC HWY 17 $275,000 $160,000 2 2 1200 CONDO 626
5215 MADRONA ST $250,000 $205,000 3 2 1325 DETACHD 105
14588 WILMOT WAY $369,900 $360,000 5 3 2238 DETACHD 1
17017 CANAL CIR $375,000 $375,000 4 2.1 2665 DETACHD 48
36 NORTHVIEW CT $449,000 $410,000 3 3.1 2573 ATTACHD 176
39 BECKET ST $429,000 $429,000 4 3.1 4746 DETACHD 6
18260 RIVER EDGE CT $789,000 $750,000 4 3.1 4711 DETACHD 160
842 6TH ST $919,500 $850,000 4 3.1 3840 DETACHD 180

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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~Make Your Momma Proud~ (or… How To Act in an Open House)

It’s summertime and we’re all kicking off our shoes enjoying the warmer temperatures & the feeling of less restriction overall.  Kids are lounging, we’re eating later & the sun is out… till 9:00!!  I love summertime…  something about the relaxed feeling of everyday life (while we’re not rushing around that is…) is just so pleasing. Reminds me of childhood I suppose, and the absence of school for a few months.

While we’re all a bit more laid-back, there are a few things to remember when you’re out on a Sunday (or Saturday) and touring Open Houses.  I thought it might be helpful to list some do’s & don’ts just for fun:

* You may be encountering a Realtor, or an Owner.  Either way, get out your best manners and make sure to ask if you may entere with shoes.

* If shoes are welcomed, please remember to wipe your feet, and if wearing stiletto heels, take them off anyway as a courtesy. Some wood floors will receive permanent indents from heels… pine, other soft woods, etc… and what a horrible feeling that would be to notice as you look backward!

* When meeting the Owner, remember that this is his or her beloved “home”, and keep any negative comments to yourself.  Leave that kind of delicate conversation to the Realtors.

* When meeting the Listing Agent, make sure to announce if you are already working with your own Realtor.  They will not mind at all, and in fact will appreciate your information greatly (Your Realtor will appreciate it too!).

* Remember not to divulge your innermost secrets to the Agent or Owner.  Your motivations for your own home sale & your subsequent purchase and other personal details are your own business, and sometimes information divulged in this preliminary stage while your Realtor is not there with you can come back to haunt you when you are in the negotiating phase.  You have every right to know all kinds of things pertinent to the home itself, and they have a right to know basically who you are, and that perhaps you might be interested in the home and plan to talk with your agent about another showing with him or her. Alternately, perhaps you think it’s a lovely home but it will just not suit your particular needs., and this is perfectly fine to communicate, and appreciated by Sellers and Agents alike.

* If you have voiced that the home will not work for you (don’t forget to to throw in a compliment or two anyway!) and are asked to share feedback on the home, feel free to do so.  Just remember to be polite.  Good feedback can come in handy for their selling process.

* If you are a neighbor and “just looking”, let this be known as well.  No one will mind at all, and you may want to mention that you are happy to pass information about this great home on to friends of yours whom you might enjoy having nearer to you.

* If you are looking for a home for yourself, bring a notepad and do ask pertinent questions about the home.  If you forget a notepad, utilize a flyer to make notes.  This comes in handy later when you are trying to remember characteristics of various homes.  When you see a lot of homes our brains have a difficult time distinguishing important details without this kind of reference.

* Ask before snapping photos or taking videos.

* Do not bring food or drinks into the home with you, and do not assume that beverages in the refrigerator are there for your consumption.

* Speaking of opening cabinets, closets and refrigerators, this is a really good idea so that you can see how much space there really is for storage. Some bedrooms look as though they have a lot of closet space until you open the doors and find that the closet is a foot deep and doesn’t span all the way from side to side.  The same is true for pantries etc.

* Opening drawers is fine as well, let’s say, in the kitchen… but when in peoples’ bedrooms and personal bathrooms, use your good judgment and do not open drawers and medicine cabinets at all.  Privacy is to be respected, and you do not want to be accused of taking anything such as jewelry or medicines either (this has been known to happen). Most Sellers will remove personal items, but some will not.  Just mind your P’s & Q’s and respect privacy in these areas.  If you decide you want to make an offer on this home, there will be plenty of time to inspect drawers in these areas further down the line.

* Refrain from using the restroom unless it is absolutely necessary.  If it is, remember that people will be following you with the idea of possibly purchasing this home after you exit.  Be kind to the Seller and leave everything tidy & fresh.

* If you are bringing children into the home, be extra vigilant and do not allow them to run through it or play on the couches or take food or drink from the refrigerator.  Treat the experience with the care you would appreciate if it were your home, and keep the environment welcoming for others who are also there & perhaps pondering purchase.

* No pets, please.

I hope these ideas were helpful & good food for thought.

Happy house-hunting!

Linda

PS- I am holding my listing at 979 Devon Lane Open this SATURDAY from 1 4 PM with LIVE MUSIC and hopfully clear skies for views of Mt Hood & Mt Adams!  Come say hi & listen to some great tunes with Michael Mandrell,  Mimy, and Jimmy Free.  I can’t wait!!

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Market Activity for June 13-19, 2011

Last week in Lake Oswego there were 18 new listings, 16 pending sales, and 18 closed sales.

See below for further details (data derived from RMLS):

NEWLY LISTED (June 13-19, 2011)

4638 Lower Dr A2, $99,000, Condo, 2 BR, 1.5 Baths, 1260 sq. ft.
86 Cervantes Cir #86, $132,000, Condo, 2 BR, 1.5 Baths, 912 sq. ft.
15442 Stephanie Ct, $329,900, Attached, 3 BR, 2.5 Baths, 1662 sq. ft.
17737 Overlook Circle, $$359,900, Detached, 4 BR, 2.5 Baths, 2250 sq. ft.
16250 Pacific Hwy #70, $374,500, Condo, 2 BR, 2 Baths, 1380 sq. ft.
312 4th St, $399,000, Attached, 2 BR, 2.5 Baths, 1731 sq. ft.
13854 Provincial Hill Dr, $419,900, Detached, 3 BR, 2.5 Baths, 2726 sq. ft.
1249 Larch St, $421,900, Detached, 4 BR, 4 Baths, 3544 sq. ft.
764 2nd St, $425,000, Detached, 3 BR, 2.5 Baths, 1548 sq. ft.
211 Hidalgo St, $429,000, Detached, 4 BR, 2.5 Baths, 2635 sq. ft.
2376 Fernwood Circle, $525,000, Detached, 4 BR, 2 Baths, 2574 sq. ft.
15180 Boones Way, $549,900, Detached, 5 BR, 3.5 Baths, 3961 sq. ft.
657 9th St, $689,000, Detached, 3 BR, 2.5 Baths, 2812 sq. ft.
3623 Eena Rd, $769,000, 4 BR, 3.5 Baths, 3350 sq. ft.
1944 Palisades Terrace Dr., $839,900, Detached, 4 BR, 2.5 Baths, 4256 sq. ft.
13371 Atwater Ln, $999,000, Detached, 4 BR, 3 Baths, 4795 sq. ft.
1777 Atherton Dr, $1,595,000, Detached, 6 BR, 4.5+.5+.5 Baths, 6332 sq. ft.
13413 Fosberg Rd, $3,000,000, Detached, 3 BR, 2Baths, 2118 sq. ft.

PENDING SALES (June 13-19, 2011)

200 Burnham Rd #201, $110,000, Condo, 1 BR, 1 Bath, 897 sq. ft., 167 DOM
4765 Firwood Rd, $155,000, Detached, 3 BR, 1 Bath, 1348 sq. ft., 9 DOM
17950 Kelok Rd, $199,900, Detached, 3 BR, 2 Baths, 2376 sq. ft., 168 DOM
4184 Virginia Way, $229,900, Detached, 3 BR, 2 Baths, 1700 sq. ft., 2 DOM
5207 Rosewood St, $289,900, Detached, 3 BR, 2 Baths, 1438 sq. ft., 6 DOM
16026 Parker Rd, $299,900, Detached, 3 BR, 1 Bath, 1620 sq. ft., 265 DOM
1981 Mapleleaf Rd, $320,000, Detached, 3 BR, 2 Baths, 2015 sq. ft., 5 DOM
4697 Oakridge Rd Lot 05, $362,900, Attached, 3 BR, 2.5 Baths, 1738 sq. ft., 98DOM
2355 Greentree Rd, $379,900, Detached, 3 BR, 2.5 Baths, 2016 sq. ft., 294 DOM
75 Hidalgo St, $659,999, Detached, 4 BR, 3.5 Baths, 4036 sq. ft., 60 DOM
14600 Pfeifer Way, $675,000, Detached, 4 BR, 2.5 Baths, 3462 sq. ft., 24 DOM
1872 Palisades Terrace Dr, $699,000, Detached, 5 BR, 4.5 Baths, 4744 sq. ft., 211DOM
14231 Dolph Ct, $725,000, Detached, 4 BR, 2 Baths, 2580 sq. ft., 23 DOM
620 9th St, $799,000, Detached, 3 BR, 3.5 Baths, 2780 sq. ft., 213 DOM
4679 Dogwood Dr, $799,900, Detached, 5 BR, 3.5+.5 Baths, 4351 sq. ft., 409 DOM
215 Chandler Pl, $925,000, Detached, 3 BR, 2.5 Baths, 3119 sq. ft., 250 DOM

SOLD (June 13-19, 2011)

16200 Pacific Hwy #5, Condo, Listed $204,900, Sold $150,000, 199 DOM
17401 Hill Way, Detached, Listed $264,900, Sold $230,000, 90 DOM
18690 Don Lee Way, Detached, Listed $259,900, Sold $236,000, 22 DOM
15119 Quarry Rd, Detached, Listed $264,900, Sold $275,000, 15 DOM
19026 Indian Springs Rd, Detached, Listed $497,000, Sold $330,000, 630 DOM
16266 Inverurie RD, Detached, Listed $399,900, Sold $380,000, 21 DOM
344 4th St, Attached, Listed $399,500, Sold $390,000, 0 DOM
14674 Rainbow Dr, Detached, Listed $499,950, Sold $409,000, 206 DOM
1831 Kilkenny Dr, Detached, Listed $425,000, Sold $411,000, 8 DOM
4683 Trillium Woods Lot 7, Attached, Listed $436,150, Sold $427,000, 0 DOM
5167 Woodcrest Ln 22E, Detached, Listed $547,500, Sold $547,500, 0 DOM
19200 Megly Ct, Detached, Listed $569,900, Sold $554,900, 73 DOM
5287 Langford Ln, Detached, Listed $750,000, Sold $570,000, 342 DOM
5320 Southwood Dr, Detached, Listed $795,000, Sold $670,000, 243 DOM
16818 Sylvan Ct, Detached, Listed $849,000, Sold $725,000, 33 DOM
2778 Glenmorrie Dr, Detached, Listed $1,199,000, Sold $1,150,000, 471 DOM
1115 Northshore Rd, Detached, Listed $1,379,000, Sold $1,175,000, 385 DOM
3648 Lakeview Blvd, Detached, Listed $2,295,000, Sold $1,494,000, 267 DOM

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 6/19/11

According to the RMLS there are 14 houses that will be held open this Sunday:

17737 Overlook Circle, detached, $359,900, 4 BR and 2.5 Baths, open 1 to 3

14372 Camden Lane, detached, $399,900, 3 BR and 2.5 Baths, open 12 to 2

17071 Rebecca Lane, detached, $399,900, 4 BR and 3 Baths, open 1 to 3

17095 Rebecca Lane, detached, $399,900, 4 BR and 3 Baths, open 1 to 3

1820 Kilkenny Dr, detached, $424,000, 4 BR and 2.5 Baths, open 2 to 4

14361 Sherbrook PL, detached, $449,900, 3 BR and 2.5 Baths, open 1 to 4

2376 Fernwood Circle, detached, $525,000, 4 BR and 2 Baths, open 1 to 3:30

5843 Ridgetop Ct, detached, $525,000, 4 BR and 3 Baths, open 1 to 3

19 Juarez St, detached, $550,000, 3 BR and 2.5 Baths, open 3 to 5

17997 Braeden Ct, detached, $629,900, 3 BR and 3 Baths, open 2 to 4

2300 Childs Rd, detached, $735,000, 3 BR and 2 Baths, open 1 to 3

620 9th St, detached, $799,000, 3 BR and 3.5 Baths, open 1 to 4

17503 Cherry Ct, detached, $875,000, 4 BR and 3.5 Baths, open 3 to 5

2650 Glen Eagles Rd, detached, $925,000, 3 BR and 4 Baths, open 12 to 3

Thanks for your patience with the “new” look of this report. My computer is in the shop. Things should be back to normal in a few days.
Dianne

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Values on the Lake

As a Realtor in Lake Oswego, one of the most common questions I hear is “How much does it cost to buy a house on the Lake?” Now that the lake is full, and the sun is coming out, it seems like a good time to do a little analysis and answer this question.

There are 3 distinct types of water front property: canals, bays, and the main lake. The values are specific for these 3 areas. The canals have more shallow water and houses that face one another from one side of the canal to the other. These properties typically have the lowest values. There are 2 bays, one at each end of the lake, and these bays are shallow, but wide enough for water skiing. The main lake is by far the most valuable. Spectacular is the word that comes to mind. If you can afford it, this is the most beautiful setting.

Canals
There are currently 3 houses for sale on canals. The least expensive is $649,000 and the most expensive is $949,000.

There are 4 canal properties that are pending sales. The least expensive is listed for $749,000 and the most expensive is listed for $1,499,000.

In the last 12 months, 4 canal properties have sold and closed. The least expensive was sold for $510,000 and the most expensive was sold for $845,000.

Bays

There are 5 houses for sale on either of the two bays. The least expensive is listed for $599,000 and the most expensive is listed for $2,300,000.

One house on a bay is a pending sale that was listed for $950,000.

2 houses located on either bay are closed sales from the last 12 months. The least expensive was sold for $625,000 and the most expensive sold for $800,000.

Main Lake

23 houses on the main lake are currently for sale. The least expensive is offered at $924,900 and the most expensive is offered at $15,000,000.

1 house on the main lake is in “bumpable buyer” position. This means that a buyer has made and had an offer accepted that is subject to the sale of their current home. The list price on this house is $1,595,000.

4 houses on the main lake are sale pending. The least expensive was offered at $879,000 and the most expensive was offered at $1,985,000.

11 main lake houses became closed sales in the last twelve months. The least expensvie was sold for $300,000. (Really, an incredible value, probably reflecting land value. It was a short sale that was on the market for nearly a year. I do not know the details of this sale, but logic tells me that there were likely extreme structural or condition issues.) The most expensive was sold for $1,900,000.

Analysis

So to answer the question “What does it cost to buy a home on the Lake?”, with this information I’d suggest it costs about $500,000 to $845,000 to buy a house on a canal; it costs about $625,000 to $800,000 to buy on a bay; and to get on the main lake, you might find a screaming deal for $300,000, but you can go as high as $1,900,000.

Notes

There has not been a closed sale over $2,000,000 in the last 12 months, yet of the 23 houses on the main lake currently for sale, 12 are listed for more than $2,000,000. This tells me that there are 12 home owners who are up against this economy in a very hard way.

The most expensive house for sale on the main lake is Jantzen Island, a 5 acre private estate. It has been in the news of late because the current owner, Jerry Stubblefield who founded Avia Shoes, and Chris Dudley, last year’s Republican candidate for Governor, are involved in a lawsuit over a 3.75 million dollar loan and ownership of Oregon’s most prestigious piece of real estate. The house was built in 1930, it has 13,500 square feet with 4 bedrooms, 6 full baths, and 2 half baths.

There is only one house for sale right now on the main lake that is priced at less than a million dollars. It’s a 1938 Tudor with 2889 square feet, 4 bedrooms, 3 full and 1 half baths, and it is neither a foreclosure or a short sale. If I were in the betting state of mind, I’d predict that this house will go pending long before the $2,300,000 house offered for sale on one of the bays.

I hope you find this information helpful. Give Linda or myself a call if you have any questions,
Dianne

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Market Activity ~ June 6 – 12, 2011

There are 18 New properties that have come on the market, 13 in Pending status, and 9 Sold during last week’s 7-day span.  We continue to see a good representation of activity in all price ranges in all three of these categories.
See below for further details (data derived from RMLS):

NEWLY LISTED (June 6-12, 2011)

Address List Price # Beds # Baths Total SF Prop Type
330 CERVANTES CIR 13C $84,000 2 1 832 CONDO
4765 FIRWOOD RD $155,000 3 1 1348 DETACHD
165 Oswego Smt 165 $189,900 2 2 1383 CONDO
3808 BOTTICELLI ST $194,888 3 2 1203 ATTACHD
42 ORIOLE LN $259,900 3 2 1290 DETACHD
4912 LOWER DR $289,000 3 2 1539 DETACHD
5207 ROSEWOOD ST $289,900 3 2 1438 DETACHD
3311 FIR RIDGE RD $359,000 3 2.1 2112 DETACHD
1610 LEE ST $480,000 4 3 2616 DETACHD
1021 YATES ST $489,900 3 2.1 1985 DETACHD
10 MORNINGVIEW CIR $519,900 4 2.1 2850 DETACHD
1033 YATES ST $539,900 4 3.1 2889 DETACHD
427 9TH ST $699,900 5 3.1 3250 DETACHD
1985 COUNTRY CLUB RD $789,900 4 4 3634 DETACHD
4155 CANAL RD $850,000 4 2.1 3736 DETACHD
17090 CHAPIN WAY $875,000 3 3 3480 DETACHD
2650 GLEN EAGLES RD $925,000 3 4 2632 DETACHD
1051 SUNNINGDALE RD $1,100,000 4 3 4161 DETACHD

PENDING SALES (June 6-12, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
668 MCVEY AVE 74 $145,000 1 1 636 CONDO 139
16089 LAKE FOREST BLVD $209,900 3 1.1 1201 DETACHD 331
6367 HIAWATHA CT $329,900 3 2 2230 DETACHD 3
680 TIPPECANOE CT $335,900 4 2.1 1900 DETACHD 57
2089 GLENMORRIE DR $349,000 2 2 1551 DETACHD 351
1119 OAK ST $474,900 4 2.1 2123 DETACHD 283
14867 TWIN FIR CT $525,000 6 3.1 3641 DETACHD 94
13554 ROGERS RD $569,000 5 2.1 2922 DETACHD 87
17610 BROOKHURST DR $729,000 5 3.1 4160 DETACHD 37
4018 COHO LN $779,900 4 4.1 4777 DETACHD 302
583 2ND ST Upper $849,000 2 2.1 2304 CONDO 35
18122 MEADOWLARK LN $927,000 3 2.1 2898 DETACHD 83
18000 EASTRIDGE LN $1,200,000 4 5.1 5554 DETACHD 695

SOLD (June 6-12, 2011)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
5432 KENNY ST $230,000 $213,000 3 1 1352 DETACHD 34
5978 FERNBROOK CIR $309,000 $291,000 3 2.5 1612 DETACHD 41
1952 PARK FOREST AVE $359,900 $356,900 5 3 2856 DETACHD 157
1970 GREENTREE RD $399,900 $375,000 4 3 2428 DETACHD 72
12139 ORCHARD HILL WAY $389,000 $380,000 4 2.1 2632 DETACHD 25
17055 CRESTVIEW DRIVE $424,900 $417,000 4 3 2575 DETACHD 287
1643 VILLAGE PARK LN $799,900 $588,525 4 3.1 4505 DETACHD 440
18955 BRYANT RD $749,900 $695,000 4 2.1 3647 DETACHD 537
425 NORTHSHORE RD $1,175,000 $960,000 4 3 3270 DETACHD 450

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 Houses ~ June 12, 2011

Is Rose Festival really over tomorrow?! That’s what it says on their page… Oh well. Summer is in full swing! Enjoy Lake Oswego’s Farmers’ Market, concerts, and all of the other fun summertime activities to come as we enter what is MY favorite time of year (any brethren summertime-lovers out there??).

If you are looking for a home, or just want to get out and enjoy the day, there are a whopping 36 Beautiful Homes to be held Open in Lake Oswego this Sunday.

Below is what’s on tap according to RMLS. Have fun! And, as always, feel free to email or call Dianne or myself if you find “the one” & need some help.
Here you go:

Address L/Price # Beds # Baths Total SF Prop Type Open
48 EAGLE CREST DR 5F $184,000 2 2 1370 CONDO 1-3PM
4316 BOTTICELLI ST $189,000 2 2.1 2098 TOWNHSE 2-3PM
446 5TH ST $250,000 2 1.1 1092 TOWNHSE 12-2PM
1991 GREENTREE RD $419,000 3 3 2655 DETACHD 12-2:30PM
1561 WOODLAND TER $425,000 3 2.1 2184 DETACHD 12-2PM
1820 KILKENNY DR $429,000 4 2.1 3040 DETACHD 1-3PM
4750 Auburn LN $439,000 4 3.1 2679 TOWNHSE 1-4PM
19521 SW DOGWOOD CT $469,900 5 2.1 2953 DETACHD 10AM-5PM
2375 DELLWOOD DR $475,000 4 3 3690 DETACHD 1-3PM
19487 SW DOGWOOD CT $479,900 4 3 3105 DETACHD 10AM-5PM
4654 Auburn LN $480,000 3 3.1 2732 TOWNHSE 1-3PM
4 NANSEN SMT $529,000 4 2.1 3255 DETACHD 1-3PM
19285 MEGLY CT $539,900 5 3 3275 DETACHD 10AM-5PM
1217 TYNDALL CT $549,000 4 4 4922 DETACHD 2-4PM
2400 DELLWOOD DR $549,900 4 3 3180 DETACHD 1-4PM
8 DEL PRADO ST $579,000 5 3 3637 DETACHD 1-3:30PM
19240 MEGLY CT $579,900 5 3.1 3633 DETACHD 10AM-5PM
19 JUAREZ ST $599,000 3 2.1 3584 DETACHD 3-5PM
5542 DUNMIRE DR $599,900 4 2.1 3204 DETACHD 10AM-5PM
5515 DUNMIRE DR $629,900 4 3 3287 DETACHD 10AM-5PM
5511 FIELDSTONE CT $638,950 4 2.1 3037 DETACHD 12-2PM
17997 BRAEDEN CT $639,890 3 3 2984 DETACHD 1-3PM
5533 FIELDSTONE CT $648,950 4 2.1 3115 DETACHD 12-2PM
14136 HEATHROW LN $649,000 4 2.1 2955 DETACHD 1-4PM
17884 KELOK RD $650,000 5 3.1 4124 DETACHD 2-4PM
17896 KELOK RD $650,000 5 5.1 4323 DETACHD 2-4PM
15622 FIELDSTONE DR $688,950 3 2.1 3113 DETACHD 12-2PM
14100 REDWOOD CT $689,000 4 3 3134 DETACHD 1-3PM
1872 PALISADES TERRACE DR $699,000 5 4.1 4744 DETACHD 1:30-4PM
217 5TH ST $775,000 3 2.1 2097 DETACHD 1-4PM
18977 BARTON RD $878,950 4 3.2 5076 DETACHD 2-5PM
18020 SKYLAND CIR $895,000 4 3.1 3210 DETACHD 1:30-3:30PM
4160 LAKEVIEW BLVD $1,099,000 4 4.1 3904 DETACHD 2-5PM
112 NORTHSHORE CIR $1,695,000 4 3.2 3632 DETACHD 1-5PM
2936 SW LAKEVIEW BLVD $2,100,000 5 3.1 4179 DETACHD 1-3PM
1017 LAKE FRONT RD $2,997,000 5 4.1 4071 DETACHD 1-3PM