Tag: listing

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Market Activity Report ~ June 21-27, 2010

There was good activity with 26 New properties entering the market, 9 going to Pending status, and 11 Sold during last week’s Monday – Sunday period according to RMLS.  Condos and Townhomes are doing well with 1/3 of the Pending Sales and more than 1/3 of the Closed Sales in those categories.  10 of the 26 New properties, and almost half of the Pending Sales are priced under $350,000.   5 out of the 11 Sold were priced above $500,000., so the mid & upper end are also moving.

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

NEWLY LISTED (June 21—27, 2010)

Address List Price Prop Type # Beds # Baths Total SF List Date
41 OSWEGO SMT $125,000 CONDO 1 1 764 6/26/2010
36 CRESTFIELD CT $135,000 ATTACHD 2 1 923 6/24/2010
3384 CARMAN DR $173,500 CONDO 2 2 1093 6/22/2010
5713 SW KENNY ST $203,910 DETACHD 3 2 1296 6/25/2010
4057 JEFFERSON PKWY $224,900 ATTACHD 3 2.1 1460 6/22/2010
605 Ash ST $235,000 DETACHD 3 2 1528 6/25/2010
18788 KRISTI WAY $299,950 DETACHD 3 2 1602 6/22/2010
17839 TAMARA AVE $345,000 DETACHD 3 1.1 1562 6/26/2010
595 6TH ST $349,000 DETACHD 2 2 893 6/26/2010
15364 TWIN FIR RD $349,900 DETACHD 3 1 1608 6/23/2010
1866 KILKENNY DR $375,000 DETACHD 3 3 3600 6/21/2010
2089 SW Glenmorrie $425,000 DETACHD 2 2 1551 6/24/2010
5 EL GRECO ST $479,000 DETACHD 4 2.1 2455 6/26/2010
1012 ANDREWS RD $499,900 DETACHD 3 2 2246 6/21/2010
277 EVERGREEN RD $539,000 ATTACHD 3 3.1 1936 6/22/2010
4786 AVERY LN $579,000 DETACHD 5 2.1 2927 6/26/2010
5783 VICTORIA CT $599,900 DETACHD 3 2 2500 6/24/2010
13226 ROGERS RD $625,000 DETACHD 4 2.1 3691 6/25/2010
4625 FIRWOOD RD $650,000 DETACHD 4 3 5264 6/26/2010
5288 DENTON DR $759,000 DETACHD 5 2.1 3240 6/21/2010
17424 BRYANT RD $775,000 DETACHD 4 4 3278 6/21/2010
16140 REESE RD $785,000 DETACHD 4 2.1 2953 6/24/2010
17446 BRYANT RD $795,000 DETACHD 4 4 3477 6/21/2010
15446 Boones Way $989,500 ATTACHD 3 2.1 3364 6/27/2010
1345 CHERRY LN $1,500,000 DETACHD 5 3.1 5259 6/23/2010
735 TERRACE DR $1,600,000 DETACHD 2 1.1 2470 6/21/2010

PENDING SALES (June 21-27, 2010)

Address List Price Prop Type # Beds # Baths Total SF CDOM
205 CERVANTES $124,900 CONDO 2 1.1 1216 145
4340 BOTTICELLI ST $229,900 CONDO 3 3.1 2098 134
908 LAKE FRONT RD $289,000 DETACHD 3 1 1398 98
116 TOUCHSTONE TER $299,000 CONDO 3 2.1 1856 327
1646 DEVON LN $424,500 DETACHD 4 2.1 2130 13
1642 HIGHLAND DR $429,000 DETACHD 4 3 2234 74
17701 LEAFY LN $529,000 DETACHD 4 3 3598 94
2311 OSWEGO GLEN CT $799,500 DETACHD 4 4 4410 336
2479 PALISADES CREST DR $799,999 DETACHD 5 3.1 6640 268

SOLD (June 21-27, 2010)

Address Orig. Price Close Price Prop Type # Beds # Baths Total SF CDOM
4000 CARMAN DR $129,000 $95,000 CONDO 2 2 836 77
3433 MCNARY PKWY $125,000 $110,000 CONDO 2 2.1 1136 25
5 SUMMIT RIDGE CT $298,500 $276,000 ATTACHD 2 2.1 1576 58
18620 INDIAN CREEK DR $379,900 $362,000 DETACHD 3 2 2022 30
550 2ND ST $410,000 $400,000 ATTACHD 2 1.2 1520 110
17942 SAINT CLAIR DR $449,900 $445,000 DETACHD 4 2.1 2391 139
5711 SOUTHWOOD DR $559,000 $515,000 DETACHD 4 3 2655 22
19266 SW MEGLY CT $589,900 $573,000 DETACHD 4 3 3575 49
5774 BAY POINT DR $625,000 $625,000 DETACHD 5 2.1 3674 4
3820 SOUTHSHORE BLVD $950,000 $900,000 DETACHD 5 4 4855 227
17979 CRESTLINE DR $1,149,000 $1,110,000 DETACHD 4 2.1 4650 7

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 27,2010

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

Address L/Price # Beds # Baths Total SF Prop Type Open
1400 BONNIEBRAE DR $179,500 2 1 864 ATTACHD 1-3PM
16231 PARKER RD $260,000 3 1 1381 DETACHD 1-4PM
139 TOUCHSTONE CT $279,900 2 2.1 1846 ATTACHD 1-3PM
37 BLOCH TER $314,500 3 2.1 1972 ATTACHD 1-3PM
65 GREENRIDGE CT $319,000 2 2 1314 ATTACHD 1-3PM
466 5TH ST $339,900 2 1.1 1092 ATTACHD 1-3PM
5160 TUALATA LN $339,900 3 2 1470 DETACHD 1:30-3:30PM
4971 SUNTREE LN $378,000 3 2.1 1911 DETACHD 1-4PM
692 2ND ST $379,000 3 1 1700 DETACHD 1-3PM
18651 DON LEE WAY $384,900 4 2 1630 DETACHD 1-3PM
1641 ASH ST $419,950 4 3 2825 DETACHD 1-3PM
17681 LEAFY LN $449,000 4 3 2242 DETACHD 12-2PM
17640 TREETOP WAY $498,900 4 3 2718 DETACHD 1-3PM
19319 SW DOGWOOD CT $519,900 5 2.1 3105 DETACHD 1-5PM
19415 SW DOGWOOD CT $529,900 5 3 3517 DETACHD 1-5PM
1060 UPPER DEVON LN $539,000 3 2.1 2400 DETACHD 2-4PM
2 MORNINGVIEW CIR $549,000 3 2.1 2954 DETACHD 1-3PM
19451 SW DOGWOOD CT $559,900 6 3 3547 DETACHD 1-5PM
4 INDEPENDENCE AVE $564,900 4 3.1 3482 DETACHD 2-4PM
5722 CHARLES CIR $569,900 4 2.1 2674 DETACHD 2-4PM
19245 SW MEGLY CT $584,900 5 3 3490 DETACHD 1-5PM
13265 FOX RUN $680,000 3 2.2 2614 DETACHD 1-3PM
17110 LOWENBERG TER $799,000 4 2.1 2732 DETACHD 3-5PM
144 LEONARD ST $799,000 4 3.1 3451 DETACHD 11-1PM
3030 WESTVIEW CT $824,000 4 2.1 3415 DETACHD 11-1PM
17288 LOWENBERG TER $829,900 4 3.1 3467 DETACHD 3-5PM
17154 LOWENBERG TER $842,900 5 3.1 3476 DETACHD 3-5PM
444 6TH ST $899,000 4 4.1 4541 DETACHD 2-4PM
18222 SIENA DR $1,088,000 6 4.1 3800 DETACHD 1-3PM
18209 SIENA DR $1,178,950 5 3.1 3839 DETACHD 1-3PM
18143 SIENA DR $1,197,000 5 4.1 4152 DETACHD 1-3PM
1808 RIDGE POINTE DR $1,269,000 5 4.1 4155 DETACHD 1-3PM
18246 BELLA TERRA DR $1,294,000 4 3.1 4196 DETACHD 1-3PM
3151 DOUGLAS CIR $1,349,000 5 4.2 4400 DETACHD 1-4PM
4700 SW DOGWOOD DR $1,499,900 5 3.1 5401 DETACHD 2:30-4PM
2572 GLEN EAGLES PL $2,185,000 5 4.2 6490 DETACHD 1-3PM
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News & Notes

Real Estate Notes:

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

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

Community News:

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

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

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

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

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Market Activity Report for June 14-20, 2010

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

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

NEWLY LISTED (June 14—20, 2010)

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

PENDING SALES (June 14-20, 2010)

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

SOLD (June 14-20, 2010)

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

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

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Open Houses for Sunday, June 20th, 2010

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

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

Foothills Park, Lake Oswego, Oregon

I think the most common question I am asked is “How’s business?”, which I think really means “What’s the market doing?”  In my circle of friends, homeownership is the norm.  And in today’s economy, everyone is hoping that their home is holding it’s value.  For my clients, they are wanting me to give them insight into the buying/selling climate.  So staying on top of trends is pretty critical.  Today I am going to break down the Lake Oswego market and give you some specifics.

First, some good news:  Lake Oswego, according to the latest market action report from the RMLS, has done the second best job of holding value in the metro area comparing May of  ’09 to May of ’10.  Values are down in Lake Oswego, year over year, 7.8%.  The only part of the metro area that did better was North Portland with a loss of 6.3%.  The worst faring area was Yamhill County, which is down 13%.  Wow, did I really just call that good news?  We are down 7.8%!  Perhaps the better way to see it is that this is less bad news than it could have been.

The average sales price in area 147, which is Lake Oswego and West Linn combined, is $443,500.  The total days on the market is averaging 153 days.

I think it is important to do this analysis by price range.  Watching our weekly market action reports, it is pretty obvious that the houses priced in the less expensive range, such as $600,000 or less, are selling much more actively than the houses in the higher prices.  Here is a breakdown by price:

Price Currently for Sale Sold in Last 6 Months # Per Month Length of Inventory
$1,000,000 + 105 15 3 42 months
$900,000-$1,000,000 19 4 1 28 months
$800,000-$900,000 50 6 1 50 months
$700,000-$800,000 42 12 2 21 months
$600,000-$700,000 53 21 4 15 months
$500,000-$600,000 74 35 6 12 months
$400,000-$500,000 79 43 7 11 months
$300,000-$400,000 60 60 10 6 months
$200,000-$300,000 29 36 6 4 months
$100,000-$200,000 3 2 0 9 months

At a glance, the idea is that the lower the length of inventory, the stronger that part of the market is. And that makes it easy to see that the lower the price on the house, the stronger the market. There are also two surprising quirks. Notice that the market inventory is actually worse in the $800,000-$900,000 price range than it is in the houses priced at $1,000,0000+. Why? I am thinking that part of the market is competing with the houses that are at $1,000,000 plus and that when buyers get up that high in price, it is still easy to justify pushing the purchase up just a bit more to get what they really want. In other words, there still is not enough of a value difference at $800,000 vs $1,000,000. However, that idea is just my speculation. I also think at $800,000 you are seeing a lot of older homes. They do have a hard time competing against the newer homes, which there are lots of, that have the soaring ceilings and palatial kitchens and baths. Second, the houses priced under $200,000 just aren’t selling fast either. I am quite certain that this is because at that price the house is pretty much a tear down and in such rough shape that the value is in the land. That means the buyer is going to be a builder and the builders are still sitting on so much inventory that they aren’t buying up the land.

I also have to say that the market is very balanced between buyers and sellers in the homes valued $300,000-$400,000 and even up into $400,000-$500,000. This part of the market is moving well with homes coming onto the market and selling respectably within reasonable periods of time. If you are buying in this part of the market, and the house is in nice condition, be aware of values. If it’s priced right, it’s going to sell and your buying power is not as strong as it would be in the higher price ranges.

And for those of you in the upper pricing, you are still in a very strong buyer’s market. Sellers are still competing with way too many other houses. You should be able to negotiate hard on price and terms.

Affordable Houses: LO vs Sellwood
I periodically like to compare affordable houses in Lake Oswego to the same houses in Sellwood, a neighborhood I used to live in not too far away in SE Portland. I like to do this because I remain convinced that Lake Oswego is often overlooked by buyers who are seeking affordable housing. This is because of LO’s reputation as a wealthy community. Time and again I have been able to prove that there are more homes to choose from in LO than in Sellwood that are affordable. Today is no different. Affordable, by my definition, are homes price below $350,000.

As of today, there are currently 61 homes for sale in Lake Oswego priced below $350,000. The least expensive is a 3 bedrooms, 1.5 bath house with 1000 square feet and a single car garage that was built in 1957. It is actually in pretty nice condition,although close to I-5, and it is priced at $189,000. In Sellwood there are 19 houses priced under $350,000. The least expensive is a 2 bedroom, 1 bath house with a single car garage that was built in 1920. It has 838 square feet + 810 square feet in an unfinished basement. It’s priced at $234,500.

I think the most burning question today is what is going to happen to the market now that the tax credit is over. I do think that there was a huge boost in the market by people trying to get into escrow by the end of April. I also know that May was slow for me, as far as new business. However, June has got my phone ringing and I am very busy. So my personal observation is that our normal spring/summer upswing is happening. Time will tell.

Yours, Dianne

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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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Market Activity for May 31 to June 6, 2010

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

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

NEWLY LISTED (May 32-June 6, 2010)

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

PENDING SALES (May 31-June 6, 2010)

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

SOLD (May 31-June 6, 2010)

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

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

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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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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