Tips and Tidbits

Your Personal Information – When you are ready to sell and embarking on setting up your listing, you and your Realtor will discuss what (if any) things other than those materially significant to the property may be relayed to an approaching Buyer’s agent. You will likely discuss that you, as the Seller, have confidentiality with your agent unless you specifically direct them to release certain information not material to the property. So, if you are relocating and that is the reason for your move, you may want to ask your agent to go ahead and let agents know (or not). If you are getting married and combining households you may or may not want this shared. If you are really wanting to generate offers and want to let people know that, you -may- want your Realtor to put something like “Motivated Seller” in the remarks… but remember that if you do this, you are letting people know that you will likely accept less than the offer price. The gist is that your personal information is between you and your agent. Sometimes it can be helpful to ask them to share some things if it gives a clear signal that is one that you want to give such as:
* That you are either really motivated, or really relaxed about the sale (depending on your situation),
* That you are in one circumstance or another that may be generally favorable to any Buyer (& therefore that you want communicated),
* That you are putting the home on the market or BOM (back on the market) due to some circumstance not related to the condition of the property, etc.

Then again, you can choose to relay absolutely no personal information at all. Ask your Realtor what he/she thinks. You’re in the driver’s seat.

Inspections
– Talk w/your Realtor about inspections and what is allowed during a transaction. The standard contract pretty much allows for the potential Buyer to inspect the property and systems on the property during their allotted time period (often 10 business days). There is also an inspection addendum that sometimes accompanies an offer detailing more specifically what inspections the Buyer may want to employ, and that has a teensy little addition to be aware of that, if filled in, could allow/tack on a few extra days beyond what is specified in the contract for a Buyer to review of all inspection documents & reports & finish negotiating. Just be aware of this and talk with your Realtor about any affect it might or might not have on your transaction time-line should it come up.

Pricing and Negotiating – These days, in my experience, most people offer less than the asked-for price unless it is a multiple offer situation or there are other extenuating circumstances, so don’t be offended by this if you are selling. It is just a sign of the times. How much you offer as a Buyer, or how you respond to an offer as a Seller are things to discuss in depth with your Realtor. The offer ought to be based on real market value, and of course that is a mixture of recent local market data and what an arms-length Buyer is willing to pay for any particular property. Many Buyers note changing market conditions and their anticipation of market decline when offering significantly less than you are asking as a Seller. Your Realtor will be able to counsel you as a Seller on whether or not these rationale are based on any reasonable conjecture or not with regard to your specific property, it’s location, parameters, and recent local market activity. In the end, you as the Seller hold the cards, as you get to decide to either sell or not to sell given what is presented to you and what the limits of negotiation yield.

Hope this info is helpful!
Very Best,
Linda

Market Activity for May 30 to June 5, 2011

There were 20 new listings in Lake Oswego last week, 23 houses that became pending sales, and 8 closed sales.
See below for further details (data derived from RMLS):

NEWLY LISTED (May 30-June 5, 2011)

Address Type Price Sq FT BR Baths
86 Kinsgate Rd C204 Condo $95,000 938 2 2
4000 Carman Dr #23 Condo $107,000 866 2 2
15360 Twin Fir Rd Detached $289,000 980 3 1
3077 Diane Dr Detached $299,000 2634 4 1.5
4675 Oakridge Rd Lot3 Attached $364,900 1738 3 2.5
4677 Oakridge Rd Lot 4 Attached $369,900 1738 3 2.5
652 D Detached $385,000 1486 3 2
4671 Lakeview Blvd Detached $429,950 2061 3 2
16925 Depot St Detached $499,950 2631 4 2.5
1931 Park Forest Ct Detached $649,900 3866 6 4.5
1708 Oak St Detached $699,000 3450 4 3
18014 Gimley Ct Detached $749,900 4355 5 3.5
3103 Wembley Park Rd Detached $825,000 3597 4 3.5
1427 Horseshoe Curve Detached $1,089,000 2142 2 2
13600 Goodall Rd Detached $1,195,000 3111 5 2.5
1007 Lake Front Rd Detached $1,195,000 1799 3 2
1780 Ridgecrest Dr Detached 1,200,000 2694 4 2.5
1596 View Lake Ct Detached $1,249,000 4814 5 4.5
2936 Lakeview Blvd Detached $2,100,000 4179 5 3.5
1617 Lake Front Rd Detached $2,999,000 4610 4 4.5

PENDING SALES (May 30 to June 5, 2011)

Address Type Price Sq Ft BR Baths CDOM
16250 Pacific Hwy #81 Condo $79,000 841 1 1 167
86 Kingsgate Rd D204 Condo $89,900 924 2 2 26
85 Oswego Summit #85 Condo $129,000 1212 2 2 2
45 Eagle Crest Dr #520 Condo $129,000 768 1 1 72
17950 Kelok Rd Detached $199,900 2376 3 2 153
8 Condolea Dr Condo $239,900 1312 2 2 121
540 Milburn Ct Detached $250,000 1560 3 2 10
17944 Tualata Ave Detached $388,950 2325 5 3 275
4101 Virginia Way Detached $389,000 2752 5 3.5 299
344 4th St Attached $399,500 1731 2 2.5 0
4727 Cambridge Ct Attached $399,900 2914 2 2.5 10
1051 Timberline Dr Detached $399,950 2422 4 3 21
4737 Lakeview Blvd Detached $439,000 2546 4 2.5 15
4869 Sage Hen Way Detached $519,900 2863 5 2.5 150
5155 Woodcrest Ln 21E Detached $565,000 3056 4 2.5 0
5035 Woodcrest Ln Lot19 Detached $585,300 3161 4 2.5 0
1100 Upper Devon Ln Detached $599,000 3672 4 3.5 205
19345 Riverwood Ln 5west Detached $605,900 3367 4 3.5 0
5231 Denton Dr Detached $669,000 3031 4 2.5 4
13254 Deerfield Ct Detached $699,900 3118 4 2.5 26
2811 Arrowhead Ct Detached $879,000 3740 4 3.5 419
11 Hillshire Dr 1/2 Detached $899,000 5163 5 4.5 65
667 Lake Bay Ct Detached $899,900 3361 4 4 422

SOLD (May 30 to June 5, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
4425 Thunder Vista Ln $179,900 $147,000 Condo 1518 110
4263 Woodside Circle $244,900 $232,000 Attached 2026 64
19250 Maree Ct $319,000 $281,000 Detached 1519 81
510 5th St $399,000 $357,350 Attached 1524 53
1766 Fern Place $365,000 $360,000 Detached 1937 18
1930 Indian Trail $856,000 $644,000 Detached 3260 332
3931 Bass Lane $1,150,000 $645,000 Detached 3310 682
1956 Cheryl Ct $1,295,000 $1,300,000 Detached 5173 16

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 June 5th, 2011

This is going to be a seriously great weekend to get into some open houses. Not only is it the National Association of Realtor’s Nationwide open house weekend, but we are forecast to have 80 degrees and sunshine! Making the most of the opportunity are 41 open houses currently scheduled with the RMLS. Enjoy!

Address Type Price BR Baths Open
221 Cervantes Attached $128,000 2 1.5 12 to 2
1400 Bonnie Brae Dr Attached $141,500 2 1 1 to 3
5061 Foothills Dr G Condo $169,000 2 2 1 to 3
5064 Foothills Dr H Condo $199,900 3 2 1 to 3
8 Condolea Dr Condo $239,900 2 2 1 to 3
14402 Sherbrook Pl Detached $309,000 3 2.5 1 ro 3
62 Weatherstone Ct Attached $325,000 4 3.5 1 to 3
6367 Hiawatha Ct Detached $329,900 3 2 1 to 4
5324 Lower Dr Detached $330,000 3 2.5 2:30 to 4:30
29 Becket St Detached $399,900 3 2.5 1 to 3:30
2697 Lookout Ct Detached $415,000 3 2 11 to 1
3554 Tempest Detached $419,500 3 2.5 1 to 4
17360 Hunter Ct Detached $450,000 3 2.5 1:30 to 4
19443 Kokanee Ct Detached $474,000 4 2.5 12 to 4
1210 Wells St Detached $475,000 6 3.5 1 to 3
12 Scarborough Dr Detached $479,900 4 2.5 2 to 4
919 Cumberland Rd Detached $495,000 4 3.5 1 to 4
31 Touchstone Detached $499,900 5 3 1 to 3
5843 Ridgetop Ct Detached $525,000 4 3 12 to 2
17981 Meadowlark Ln Detached $529,900 3 2.5 11 to 2
3815 Southshore Blvd Detached $548,000 4 2 2 to 4
13554 Rogers Rd Detached $589,000 4 2.5 1 to 4
19 Juarez St Detached $599,000 3 2.5 11 to 4
5511 Fieldstone Ct Detached $638,950 4 2.5 2 to 4
5533 Fieldstone Ct Detached $648,950 4 2.5 2 to 4
19124 Megan Pl Detached $649,900 5 2.5 1 to 4
1931 Park Forest Ct Detached $649,900 6 4.5 12 to 3
17896 Kelok Rd Detached $650,000 5 5.5 12 to 2
17884 Kelok Rd Detached $650,000 5 3.5 12 to 2
5231 Denton Dr Detached $669,000 4 2.5 1 to 3
15622 Fieldstone Dr Detached $688,950 4 2.5 1 to 3
5625 Southwood Dr Detached $689,000 4 2.5 12 to 2
629 Iron Mountain Blvd Detached $699,900 3 2 2 to 4
4076 Orchard Dr Detached $700,000 4 3.5 11 to 1
14231 Dolph Ct Detached $725,000 4 2 1 to 4
4018 Coho Ln Detached $779,900 4 4.5 12 to 3
18977 Barton Rd Detached $879,000 4 3.5+.5 2 to 5
4160 Lakeview Blvd Detached $1,099,000 4 4.5 2 to 5
3149 Douglas Circle Detached $1,195,000 4 3.5+.5 12 to 2
1066 Northshore Rd Detached $1,393,000 4 5.5 2 to 4
2572 Glen Eagles Pl Detached $1,698,500 5 4.5+.5 2 to 4

Market Activity ~ May 23 – 29, 2011

There are 27 New properties that have come on the market, 14 in Pending status, and 16 Sold during last week’s 7-day span.
See below for further details (data derived from RMLS):

NEWLY LISTED (May 23-29, 2011)

Address List Price # Beds # Baths Total SF Prop Type
4000 CARMAN DR #100 $125,000 2 2 935 CONDO
168 OSWEGO SMT B-23 $129,000 2 2 1383 CONDO
194 RIDGEWAY RD 11B $179,900 3 1 1659 CONDO
5836 LAKEVIEW CT $224,900 3 1 1296 DETACHD
1373 BONNIEBRAE DR $229,000 3 2 1393 ATTACHD
5055 FOOTHILLS DR $229,900 3 2 1252 CONDO
540 MILBURN CT $250,000 3 2 1560 DETACHD
16475 BONAIRE AVE $255,000 3 1 1214 DETACHD
13985 SUNDELEAF DR $279,000 3 2 1278 DETACHD
1057 C AVE $299,999 2 1 1048 DETACHD
17013 CHERRY CREST DR $399,000 4 3.1 3227 DETACHD
17095 rebecca LN $399,900 4 3 2020 DETACHD
13020 PRINCETON CT $457,000 5 2.1 3004 DETACHD
133 FURNACE ST $469,000 2 2.1 1927 CONDO
4725 FIRWOOD RD $479,500 3 2.1 2557 DETACHD
4654 Auburn LN $480,000 3 3.1 2732 ATTACHD
4729 FIRWOOD RD $489,500 3 2.1 2594 DETACHD
2814 VALE CT $569,000 4 3 3192 DETACHD
5698 LA MESA CT $625,000 4 2.1 2546 DETACHD
6135 MCEWAN RD $649,900 2 1 1104 DETACHD
5625 SOUTHWOOD DR $689,000 4 2.1 3280 DETACHD
14100 REDWOOD CT $689,000 4 3 3134 DETACHD
13020 KNAUS RD $699,000 3 2.1 2545 DETACHD
14231 Dolph CT $725,000 4 2 2580 DETACHD
217 5TH ST $775,000 3 2.1 2097 DETACHD
4679 DOGWOOD DR $799,900 5 3.2 4351 DETACHD
1193 FAIRWAY RD $3,595,000 5 4.2 7028 DETACHD

PENDING SALES (May 23-29, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4057 JEFFERSON PKWY $157,000 3 2.1 1228 ATTACHD 8
6 CONDOLEA DR $198,000 2 2 1312 CONDO 118
15119 QUARRY RD $264,900 3 2 2106 DETACHD 15
8 MOUNTAIN CIR $267,000 3 2 1316 ATTACHD 45
1728 ASPEN CT $319,900 3 2.1 1852 DETACHD 231
19026 SW INDIAN SPRINGS RD $329,900 5 3 2841 DETACHD 630
4699 Oakridge RD Lot 06 $378,980 3 2.1 1738 ATTACHD 78
150 IRON MOUNTAIN BLVD $449,900 3 2.1 2868 DETACHD 25
5016 Woodcrest LN 15e $506,600 3 2.1 2323 DETACHD
770 5TH ST $525,000 3 2.1 2721 DETACHD 468
17288 LOWENBERG TER $769,900 4 3.1 3467 DETACHD 528
16818 SYLVAN CT $799,000 4 2.1 3209 DETACHD 33
17330 CEDAR RD $1,195,000 4 3.1 2655 DETACHD 5
17590 Kelok RD $1,499,000 5 4 5650 DETACHD 11

SOLD (May 23-29, 2011)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #41 $69,900 $69,900 2 1 932 CONDO 36
16725 CARNEGIE AVE $316,900 $235,000 3 2 2022 DETACHD 298
17614 SCHALIT WAY $303,900 $257,000 3 2 1561 DETACHD 136
15245 BOONES WAY $289,900 $292,500 3 2.1 1600 ATTACHD 292
12 HOTSPUR ST $325,000 $325,000 3 2 1876 DETACHD 27
19189 INDIAN SPRINGS RD $339,500 $325,000 4 3 2156 DETACHD 229
14251 CAMDEN LN $380,000 $336,500 3 2.1 2179 DETACHD 276
2 BARTOK PL $375,000 $360,000 4 2.1 2332 DETACHD 285
4160 CHAPMAN WAY $389,900 $389,900 3 2 1800 DETACHD 3
4920 MULHOLLAND DR $555,000 $390,000 3 2.1 2498 ATTACHD 731
777 BERWICK CT $475,000 $390,000 3 2 2324 DETACHD 226
17491 BLUE HERON DR $419,900 $450,000 4 2 2429 DETACHD 404
6132 SUMMER WOODS $489,900 $475,000 4 2.1 2778 DETACHD 10
3886 TAMARACK LN $599,000 $537,500 4 3.1 4010 DETACHD 168
649 9TH ST $789,000 $645,000 3 2.1 2812 DETACHD 327
17833 MARYLCREEK DR $775,000 $730,000 5 4.1 5495 DETACHD 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

Tips & Tidbits

New Loan Program: Good news! According to my very reliable source, Pat Goodell of Academy Mortgage, now Lenders in Portland can do Conventional loans with 3% down which may make the Conventional loan an even better option than FHA! There are different variables, though- FHA requires 3.5% down for buyers with high credit scores. Conventional loans require 3% down, and/but it needs to be the buyers’ own savings and not a gift, whereas FHA allows the 3.5% down to be a gift.

Your Loan… Your Credit… During a Transaction: Just a reminder that it is VERY important to heed your lender’s advice NOT to do anything with regard to your credit during a transaction. Occasionally you hear of a Buyer who decides to buy a new car while involved in a transaction. More often Buyers just want to “help” and think they can improve their standing by removing money from a line of credit and depositing it in one of their accounts, or consolidating debt, or closing old accounts… Please listen when we say… Just Don’t! Leave the lending process to the lending professionals who are there to help you, and don’t do anything at all in this regard without first discussing it with your lender.

Lake Oswego Services Activity Guide: It is obvious to most that lake Oswego is a vibrant community with so much to offer its citizens in a myriad of different areas of interest and need. You can now click here to access the Services Activity Guide and/or call 503-635-0257 for more information. Summer’s upon us… time to find out more about what’s happening in LO!

Farmers Market: Lake Oswego’s acclaimed Farmers Market is in full swing. Join all the fun & sun-loving Lake Oswegans at Millenium Park Plaza on Saturdays from 8:30Am till 1:30 PM. You’ll find fresh flowers, produce, plants, poultry, chicken, eggs, cheeses, honey, salsa, lavender…. way too much to list here!

Market Activity for May 16-22, 2011

Last week in Lake Oswego 21 new listings came onto the market, 19 houses became pending sales, and 15 sales closed. I always look for an interesting bit of information as I put together these reports. What stood out this week was the fact that of the 15 closed sales, 8 sold in less than 30 days, of which 2 sold in less than a week. So there are signs of life in this real estate market. A house that is well priced and in the right condition will sell quickly.
See below for further details (data derived from RMLS):

NEWLY LISTED (May 16-22, 2011)

Address Type Price Sq FT BR Baths
322 Cervantes Cir Condo $99,990 832 2 1
4057 Jefferson Pkwy Attached $157,000 1228 3 2.5
3878 Botticelli St Attached $199,000 1171 3 2
15471 Brianne Ct Attached $249,900 1204 2 2.5
6138 Kenny St Detached $289,900 1190 3 1.5
755 5th St Detached $349,000 927 2 1
17071 Rebecca Ln Detached $399,900 2020 4 3
4727 Cambridge Ct Attached $399,900 2914 2 2.5
4737 Lakeview Blvd Detached $439,000 2546 4 2.5
3811 Childs Rd Detached $450,000 2006 3 2.5
46 Touchstone Detached $465,000 2271 4 3
14 Northview Ct Detached $475,000 2863 4 3.5
18 Morningview Cir Detached $540,000 2931 3 2.5
14390 Pfeifer Dr Detached $639,900 3337 5 3
14600 Pfeifer Way Detached $675,000 3462 4 2.5
4076 Orchard Dr Detached $759,000 3991 4 3.5
16827 Scott Ct Detached 829,000 3952 4 3.5
2917 Westview Cir Detached $1,150,000 4470 5 4.5
590 Oak Meadows Dr Detached $1,190,000 4584 4 4.5
3149 Douglas Cir Detached $1,195,000 5237 5 3.5+.5
17618 Crestline Dr Detached $1,495,000 6317 4 3.5+.5

PENDING SALES (May 16-22, 2011)

Address Type Price Sq Ft BR Baths CDOM
16250 Pacific Hwy #71 Condo $114,900 1305 2 2 50
20 Cervantes Cir Condo $136,500 912 2 1.5 34
218 Cervantes Condo $149,000 1320 2 1.5 65
5110 Lakeview Blvd Detached $239,500 1340 3 2 455
3 Saint Helens Cir Detached $249,500 1472 2 2 82
17401 Hill Way Detached $249,900 1597 3 2 90
1740 Kilkenny Dr Detached $274,999 2000 4 2.5 45
4235 Harvey Way Detached $279,000 1384 3 2 556
9 Churchill Downs Detached $339,900 1914 3 2 13
1270 Hida A Way Ln Detached $350,000 1907 3 2.5 19
960 Lake Forest Dr Detached $419,900 2838 3 2 424
4398 Glacier Lily St Detached $425,000 2936 4 2.5 67
1831 Kilkenny Dr Detached $425,000 2597 5 3 8
14674 Rainbow Dr Detached $449,000 3108 4 3 206
5287 Langford Ln Detached $599,900 2972 4 2.5 342
12387 Clara Ln Detached $750,000 3547 4 3 19
17471 Cardinal Dr Detached $899,900 3181 4 3.5 178
1115 Northshore Rd Detached $1,250,000 4330 4 4.5 385
14001 Goodall Rd Detached $1,329,000 5397 4 3.5 48

SOLD (May 16-22, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
3930 Lake Grove Ave 4A $109,000 $103,500 Condo 952 11
200 Burnham Rd #203 $115,000 $105,000 Condo 1160 6
100 Leonard St #3 $249,000 $220,000 Condo 1364 23
4382 Woodside Cir $275,000 $254,900 Attached 1250 37
928 Lake Front Rd $345,000 $285,000 Detached 2300 127
1459 Greentree Cir $310,000 $307,000 Detached 1683 156
1925 Mapleleaf Ct $389,900 $405,000 Detached 2096 3
1416 Cherry Crest Dr $439,900 $412,000 Detached 2792 45
4978 Bilford Ln $449,000 $440,000 Detached 2456 19
19319 SW Dogwood Ct $519,900 $480,000 Detached 3105 307
3885 Upper Dr $729,000 $499,000 Detached 3122 342
1088 Westward Ho Rd $648,000 $550,000 Detached 1837 86
5 Cellini Ct $697,000 $629,000 Detached 4895 323
17301 Bergis Farm Dr $1,060,000 $990,000 Detached 4737 12
17960 Crestline Dr $1,375,000 $1,250,000 Detached 3251 16

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings

Market Activity Report ~ May 9-15, 2011

There are 19 New properties that have come on the market, 16 in Pending status, and 5 Sold during last week’s 7-day span.
See below for further details (data derived from RMLS):

NEWLY LISTED (May 9-15, 2011)

Address List Price # Beds # Baths Total SF Prop Type
572 S STATE ST $114,900 2 1 914 CONDO
100 KERR PKWY $119,500 2 1.1 822 CONDO
48 EAGLE CREST DR 3B $169,000 2 2 1489 CONDO
750 1ST ST D22 $173,000 2 2 1350 CONDO
3797 LANEWOOD ST $259,000 3 1 2560 DETACHD
15119 QUARRY RD $264,900 3 2 2106 DETACHD
710 BRIERCLIFF LN $325,000 3 2.1 1906 DETACHD
62 WHEATHERSTONE CT $325,000 4 3.1 2465 CONDO
534 2ND ST $349,000 2 2.1 1394 CONDO
1502 COUNTRY CLUB RD $365,000 3 3 2748 DETACHD
1051 TIMBERLINE DR $399,950 4 3 2273 DETACHD
525 2ND ST mmm102 $415,000 2 2 1120 CONDO
312 4TH ST $424,950 2 2.1 1731 ATTACHD
1831 KILKENNY DR $425,000 5 3 2597 DETACHD
1021 YATES ST $499,900 3 2.1 1985 DETACHD
5670 MERIDIAN CT $549,000 4 2.1 2779 DETACHD
1033 YATES ST $549,900 4 3.1 2889 DETACHD
13254 DEERFIELD CT $724,900 4 2.1 3118 DETACHD
17590 Kelok RD $1,499,000 5 4 5650 DETACHD

PENDING SALES (May 9-15, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
91 GALEN ST $65,000 1 1 680 CONDO 24
4263 WOODSIDE CIR $234,900 3 2 2026 ATTACHD 64
2294 CREST DR $269,900 3 0.2 1300 DETACHD 18
1459 GREENTREE CIR $310,000 3 2 1683 DETACHD 156
661 6TH ST $329,000 3 0.1 1824 DETACHD 8
1952 PARK FOREST AVE $359,900 5 3 2856 DETACHD 157
12139 ORCHARD HILL WAY $389,000 4 2.1 2632 DETACHD 25
1970 GREENTREE RD $399,900 4 3 2428 DETACHD 72
15434 PARTRIDGE DR $422,000 4 2.1 2334 DETACHD 57
39 BECKET ST $429,000 4 3.1 4746 DETACHD 6
5428 SOUTHWOOD DR $619,000 4 3 3302 DETACHD 17
649 9TH ST $679,000 3 2.1 2812 DETACHD 327
762 3RD ST $795,000 3 2.1 2590 DETACHD 0
454 9th ST $838,950 3 4 2878 DETACHD 672
18209 SIENA DR $994,000 5 3.1 3839 DETACHD 1127
18222 SIENA DR $1,189,000 4 3.1 3998 DETACHD 179

SOLD (May 9-15, 2011)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
73 GALEN ST 73 $109,900 $105,000 2 2 995 CONDO 197
785 5TH ST $445,000 $425,000 3 2 2112 DETACHD 55
17791 HILL WAY $449,000 $433,000 4 2.1 2506 DETACHD 286
6435 MCDUFF CT $759,950 $730,000 4 3.1 3206 DETACHD 23
2990 GLEN EAGLES RD $795,000 $795,000 4 2.1 3650 DETACHD 125

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 ~ May 15, 2011

38 Beautiful Homes to be held Open in Lake Oswego Sunday.

Here is what’s on tap according to RMLS.

Enjoy!

Address L/Price # Beds # Baths Total SF Style Open
20 CERVANTES CIR $136,500 2 1.1 912 TOWNHSE 1-4PM
5061 FOOTHILLS DR G $169,000 2 2 991 CONDO 1-3PM
8 CONDOLEA DR $239,900 2 2 1312 CONDO 1-3PM
17401 HILL WAY $249,900 3 2 1597 DETACHD 1-3PM
14423 ORCHARD SPRINGS RD $379,900 3 2.1 1730 CONDO 2-4:30PM
26 BRIARWOOD RD $399,000 4 2.2 2554 DETACHD 1-3PM
1831 KILKENNY DR $425,000 5 3 2597 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
19443 KOKANEE CT $474,000 4 2.1 2807 DETACHD 12-4PM
12 SCARBOROUGH DR $479,900 4 2.1 2892 DETACHD 1-4PM
1021 YATES ST $499,900 3 2.1 1985 DETACHD 11AM-5PM
19333 SW DOGWOOD CT $529,900 5 3 3234 DETACHD 10AM-5PM
19285 MEGLY CT $539,900 5 3 3275 DETACHD 10AM-5PM
3815 SOUTHSHORE BLVD $548,000 4 2 2638 DETACHD 2-4PM
1217 TYNDALL CT $549,000 4 4 5181 DETACHD 2-4PM
5670 MERIDIAN CT $549,000 4 2.1 2779 DETACHD 2-4PM
1033 YATES ST $549,900 4 3.1 2889 DETACHD 11AM-5PM
29 SPINOSA $549,999 3 2.2 3254 DETACHD 11AM-12:45PM
19240 MEGLY CT $579,900 5 3.1 3633 DETACHD 10AM-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 1-4PM
17997 BRAEDEN CT $644,800 3 3 2984 DETACHD 1-3PM
2011 RIDGEWOOD LN $648,850 5 3.1 3012 DETACHD 1-3PM
5533 FIELDSTONE CT $648,950 4 2.1 3115 DETACHD 1-4PM
14136 HEATHROW LN $649,000 4 2.1 2955 DETACHD 1:30-5PM
5321 AMBERWOOD CT $649,900 4 3 3315 DETACHD 1-3PM
4081 PFEIFER CT $659,000 5 3.1 4070 DETACHD 12-2PM
15622 FIELDSTONE DR $688,950 3 2.1 3113 DETACHD 1-4PM
629 IRON MOUNTAIN BLVD $745,000 3 2 1988 DETACHD 2-4PM
1990 INDIAN TRL $749,000 4 3 3632 DETACHD 1:15-4PM
13679 MELROSE PL $750,000 6 3.1 4752 DETACHD 12:30-2:30PM
4018 COHO LN $829,900 4 4.1 4777 DETACHD 11AM-2PM
16818 SYLVAN CT $849,000 4 2.1 3209 DETACHD 1-4PM
850 SCHUKART LN $875,000 4 3 4378 DETACHD 1-4PM
18020 SKYLAND CIR $895,000 4 3.1 3210 DETACHD 12-2PM
667 LAKE BAY CT $899,900 4 4 3361 DETACHD 12-3PM

Selling Tips & Tidbits

“When selling your home pay attention to pets.” Aristocratopholous

Yes… I just made that up. The puffy clouds & Oregon sunshine are making me a bit silly!  The idea was that it might sound more believable coming from an ancient philosopher than a Realtor, though (?)

It’s interesting to note that the truth is:  Realtors can sometimes be experienced as school-marm figures by Sellers already so overwhelmed with preparatory “chores”.  We get it.  You’re being asked to consider doing things you perhaps don’t really want to do, & therefore… hmmm… “Maybe we don’t really need to:  _______.”  Fill in the blank. You know what I mean.  When overwhelmed we all try to cut down the “list”.   Some items on that list are critical, however. And some are so normal to us as individuals that we may be tempted to cross them off.  Remember, though, that what is normal to you in everyday living is not necessarily normal to others. You know this from walking into a friend’s home for the first time and recognizing the difference in how people live:  Smells from ethnic or unfamiliar cooking.  Crumbs on the counter or stove that are invisible to them but not to you. Weeds along the front walk that they pass everyday & therefore do not notice.  That big, brown crack in the white tile right as you enter the home.

Today I wanted to talk a bit about pets and how they can affect the process of selling your home.  Here we go-

  • Odors- Some people are very sensitive to any pet odor, others are just sensitive to BAD pet odors.  Either way, when it comes to selling your home, there actually is no good pet odor.  Now, I have a dog and a cat, and have had more numerous and elaborate combinations of animals in the past as I love them… This is one area where you really need to check yourself as a Homeowner/Seller.   You can’t let your emotions get the best of you.  We all know that saying: “Love me, love my pet.”  …Throw it out the window if you’re selling (I mean the saying of course : ).  If there are odors, the best solution is to find the source and eliminate it.  Quickly.  I.e., if your cat thinks that the shag carpeting in your bathroom is just like cat litter (first of all… don’t have shag carpet in your bathroom… : )  PLEASE cut it out and put in tile or some other hard surface.  If the cat comes back out of habit, at least you can quickly eliminate the problem with paper towels and Nature’s Miracle.
  • “Accoutrement” Don’t leave pet toys strewn about… at least if you know you are having a showing.  I know that my dog is much happier if I leave him some toys, or a rawhide bone to have on hand while I’m gone.  Some people absolutely love those corrugated cardboard scratching thingies for cats, and granted, you’d rather have your kitty scratching on that than on your living room furniture.  HOWEVER, if you are selling your home, the last thing you want is bits of cardboard lying all around the dining room table, or for people to trip unexpectedly over a rawhide bone, or to have the showing Realtor moving slimy toys to facilitate easy passage through hallways etc.  Besides… it is  drawing the eye and attention to plastic rib-eyes instead of your home!   Buy a basket (with a lid) where you keep dog & kitty toys, and if you must leave something out, limit it to one, please.
  • Pets at Home- Leave instructions if your pet will be there during showings.  This is assuming that you would not have a vicious dog or cat at your home if you were expecting potential Buyers to view it… I don’t think I need to go into the negative legal impact it could have on you as a Homeowner.  That said, let’s assume you have a gentle dog at home, or cat, and you need them to stay indoors.  Please say so on your listing.  First of all, I have had clients who had serious dog phobias from former attacks etc., and we have been surprised in the past when opening a door and having a dog there to greet us that we were not expecting… That potential Buyer will never see your home- They’re headed to the car before ever going inside.  Your Realtor will tell you these things of course, but I just wanted to make the point that, first of all, people need to know if they will be encountering a pet, and secondly, when people (Realtors and potential Buyers) enter your home and an animal is at the door wanting out, they can sometimes be persuasive! (They’re so cute and sneaky that way  : )  So… please leave instructions as to whether the pet must stay indoors or can be let out.
  • Pets Not At Home- If at all possible, remove your pet (especially dogs) for showings.   Sometimes you can leave them in the backyard, but know that your main aim is for people to really concentrate on your home & how their furniture will look there etc. If a pet is in the backyard, not only will they command precious attention, the potential Buyers will very possibly never enter your gorgeous backyard… never walk under that pergola or see the detail work on the back of the home.  Also, bottom line, you want to make it as easy as possible, and remove as many inhibitors as possible for a potential Buyer who might want to see your home *today*.  I have said in this forum before that my advice is most always to opt for showing instructions that say “Call 1st” if the home is not vacant.  This allows for a call & a voice mail message with an expected showing time or time “range”  if no one answers the phone (i.e. if you’re at work or not home etc.)  Maybe your sweet dog has a doggie friend who he or she would love to play with during the daytime, or maybe a human friend who works from home and would love the company while you’re at work.  Think out of the box! My clients who have pets to remove and therefore require “appointment only” showing instructions inevitably experience less frequent showings and this just translates to taking longer to sell.

Hope this has been helpful information for you.

As always, thank you for reading the Property Blotter!

Very Best,

Linda

 

 

Market Activity for May 2-8, 2011

Here is your weekly market activity report. In Lake Oswego last week there were 20 new listings, 14 pending sales, and 9 closed sales.

NEWLY LISTED (May 2-8, 2011)

Address Type Price Sq FT BR Baths
4631 Lakeview Blvd Condo $85,000 753 1 1
47 Eagle Crest Dr #53 Condo $85,000 1024 3 1
86 Kingsgate Rd D204 Condo $89,900 924 2 2
661 6th St Detached $329,000 1824 3 1
9 Churchill Downs Detached $339,900 1914 3 2
13594 Blazer Trail Detached $350,000 1948 3 2
1023 Lund St Detached $379,000 2313 4 2.5
4972 Suntree Ln Detached $390,000 1756 3 2.5
16950 Lakeridge Dr Detached $399,000 2305 4 2.5
26 Briarwood Rd Detached $399,000 2554 4 2.5+.5
39 Becket St Detached $429,000 4746 4 3.5
13340 Auburn Ct Attached $449,000 2451 3 2.5
150 Iron Mtn. Blvd Detached $449,900 2868 3 2.5
19251 Dogwood Ct Detached $469,900 2953 5 2.5
19333 Dogwood Ct Detached $529,900 3234 5 3
13254 Twin Creek Ct Detached $599,500 3470 3 2.5
13124 Knaus Rd Lt 2 Detached 739,900 3016 3 2.5
5765 Victoria Ct Detached $749,000 3560 4 3.5
850 Schukart Ln Detached $875,000 4378 4 3
2735 Glen Eagles Rd Detached $1,098,000 2950 3 3.5

PENDING SALES (May 2-8, 2011)

Address Type Price Sq Ft BR Baths CDOM
104 Oswego Summet Condo $69,900 764 1 1 167
5215 Madrona St Detached $242,500 1325 3 2 105
18690 Don Lee Way Detached $249,900 1136 3 2 22
15245 Boones Way Attached $289,900 1600 3 2.5 292
19250 Maree Ct Detached $294,000 1519 3 2.5 81
5978 Fernbrook Circle Detached $297,000 1612 3 2.5 41
17017 Canal Circle Detached $375,000 2665 4 2.5 48
17055 Crestview Dr Detached $424,900 2575 4 3 287
18955 Bryant Rd Detached $735,000 3647 4 2.5 537
13136 Knaus Rd Lt 3 Detached $794,900 3504 4 3.5 0
13112 Knaus Rd Detached $845,000 3673 5 3.5 0
13112 6th St Detached $899,950 3840 4 3.5 180
17460 Wren Ct Detached $995,900 3305 4 3.5 67
14001 Goodall Rd Detached $1,329,000 5397 4 3.5 31

SOLD (May 2-8, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
4000 Carman Dr #85 $124,900 $105,000 Condo 834 262
16200 Pacific Hsy $160,000 $185,000 Condo 1190 11
53 Oriole Ln $304,900 $240,000 Detached 2072 179
44 Da Vinci St $339,900 $335,000 Detached 14
1851 Kilkenny Dr $389,900 $349,900 Detached 2654 182
14402 Orchard Springs $399,900 $350,000 Detached 2174 45
920 Evergreen Rd $575,000 $463,500 Detached 1622 413
19125 35th Pl $769,000 $745,000 Detached 5153 345
14066 Goodall Rd $1,050,000 $925,000 Detached 4220 66

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