Geez… It’s November already! You know what that means… Halloween’s over, Thanksgiving is only a few weeks away, and then the Holidays, gift-giving… OK, I’ll stop : ) Right now it’s Fall, and Sunday is supposed to be a nice one w/sunshine and some decent temperatures. Also, the announcement that we are pretty darned close to an extension of the First-Time-Home-Buyer Tax Credit (which additionally applies, by the way, to those who have not owned a home for three years now) and the proposal of an additional $6500. Tax Credit for those “Buying Up” if you meet income guidelines (under $125,000. for an individual or $225,000. for couple filing jointly) and purchase a house for $800,000. or less. And you thought your dreams were going to have to wait!
Dianne and I are, as always, here for you.
There are 26 properties on tour in Lake Oswego Sunday according to RMLS (including the Luxury Townhomes at 363 Sixth St in First Addition) :
It isn’t often that we shine the spotlight on any particular property, but when we heard that the new luxury town homes on Sixth St in sought-after First Addition had just lowered their prices by $100,000 each to $599,900., Dianne and I just had to run over there and take a look.
There are six of these little gems with four of them left & available for purchase. The address is 363 Sixth St., and the ML# if you want to get a preview is 9057549. Each has 2258 SF, 3 bedrooms, 3 & 1/2 baths, 2 levels with additional full finished basements, and probably just everything you’ve been looking for.
First of all, they really are gorgeous. The finishes in these are superior. The first feature you notice inside are the beautiful plank maple hardwood floors. A sleek yet spacious slab granite kitchen with long island, pantry & light beech cabinets also boasts additional built-ins and smart features like a pull-down bar. The dark french doors to the front porch area off the dining room are a rich contrast, and the white wainscoting throughout adds that crisp old-world cottage feel. The 2-car detached garage out back with private courtyard to the house is an added bonus in First Addition, and from there you enter the great room compete with gas fireplace and more built-ins.
Downstairs you find another gas fireplace and generous media room as well as another bedroom & bathroom w/an additional laundry area for guests or your reclusive teenager. Upstairs is the master bedroom & bath showing off glorious travertine w/onyx, a clawfoot tub & separate shower as well as an additional bathroom w/soaker tub & yet another bedroom. Walk-in closets of course, and the main laundry near the upstairs bedrooms check those final “must-haves” off the list.
Overall, these are just so unique & have that easy-living feel that goes hand in hand with the First Addition lifestyle… you know, walking to all the services, trendy shops and restaurants, not to mention Millenium Park Plaza for a view of the lake & all the festive local activities like Farmer’s Market, open air Movie Nights, Holiday Tree-Lighting festivities and on & on. First Addition is just a strolling kinda place; a small-town feel with all the amenities. Cottage Living magazine named First Addition as one of the ten best cottage communities in the country. American Planning Association name it one of the top 10 neighborhoods in America. The accolades go on & on.
Yes, these are nice indeed. But you know, on the practical side, in addition to the location & amazing price when comparing features & finishes to other offerings, there are also NO HOA fees. Compare that with other HOA’s nearby at anywhere from $136./month to $455./mo.
Come on down & take a look. Bring a Realtor as there has been a lot of interest. They will be held open both Saturday & Sunday from 1 – 4.
Last week brought 19 new listings onto the market, 13 pending sales, and 9 closed sales. This week I noticed four really interesting new listings. As you know, Linda and I weed out the “new” listings that are simply old listings with new listing numbers. So each week we research the market history to report on properties that really are new on the market. This week there are several new listings that were pulled off the market months ago and are now being re-listed at drastically reduced prices. I’m not talking about a minor price reduction, I’m talking about slashing the price. In two cases the houses are now on the market as bank foreclosures, and in two cases it looks to me like home owners who are saying “What’s it going to take to get my house sold?” Here are the reductions: 18064 Jenifers Way, reduced $150,000; 2000 Wembly Park, reduced $325,000; 702 Terrace, reduced $420,000; and 830 Cabana, reduced $727,000. These are incredible price reductions and represent real investment opportunities.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (Oct. 19—Oct.25, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address
Close Price
List Price
# BR
# BTHS
Total SF
Prop Type
List Date
47 EAGLE CREST DR
$148,000
3
1
1,024
CONDO
10/19/2009
16790 LAKE FOREST BLVD
$179,000
2
1
780
DETACHD
10/25/2009
16535 ROOSEVELT AVE
$259,000
3
2
1,495
DETACHD
10/19/2009
5225 JEAN RD
$259,900
2
2
1,400
CONDO
10/23/2009
16546 BONAIRE AVE
$274,900
3
1
1,064
DETACHD
10/19/2009
14300 SHERBROOK PL
$354,500
3
2.1
1,924
DETACHD
10/22/2009
17755 HILL WAY
$364,900
4
3
1,831
DETACHD
10/22/2009
16018 WALUGA DR
$415,000
4
2
2,200
DETACHD
10/20/2009
3402 LAKE GROVE AVE
442000
3
2
1,686
DETACHD
10/25/2009
702 TERRACE DR
475000
3
3
3,429
DETACHD
10/23/2009
209 HIDALGO ST
498000
4
2.1
2,620
DETACHD
10/21/2009
17670 MARYLBROOK DR
499000
3
2.1
3,067
DETACHD
10/22/2009
2000 WEMBLEY PARK RD
540000
4
3
2,660
DETACHD
10/21/2009
18064 JENIFERS WAY
599000
3
2.1
2,859
DETACHD
10/23/2009
830 CABANA LN
668250
4
3.1
3,029
DETACHD
10/20/2009
13278 ROGERS RD
695000
3
2.1
2,964
DETACHD
10/19/2009
13315 HIDDEN BAY CT
729000
5
2.1
3,671
DETACHD
10/23/2009
548 RIDGEWAY RD
1195000
4
3
2,830
DETACHD
10/19/2009
1626 ENGLEWOOD DR
1750000
4
2.2
5,690
DETACHD
10/19/2009
PENDING SALES (Oct. 19 -Oct. 25, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# BR
# BTHS
Total SF
Prop Type
CDOM
4 TOUCHSTONE
$119,900
2
2
984
CONDO
43
3930 LAKE GROVE AVE
$144,900
2
1
952
CONDO
28
73 OSWEGO SMT
$159,900
2
2
1,212
CONDO
440
4948 SW MEADOWS AVE
$229,000
3
2
2,491
DETACHD
122
3497 DEVONSHIRE DR
$259,900
3
2
1,556
ATTACHD
145
5347 RED LEAF ST
$329,000
3
2
1,456
DETACHD
14
5096 SW TREE ST
$334,900
3
1.1
1,410
DETACHD
462
17366 CARDINAL DR
$425,000
4
2.1
2,107
DETACHD
56
13584 TWIN CREEK LN
$449,900
4
2.1
2,615
DETACHD
2
410 LAUREL ST
$464,500
4
2.1
2,064
DETACHD
138
13175 THOMA RD
$579,900
3
2
1,920
DETACHD
8
19463 LORNA LN
$805,000
4
3.1
4,024
DETACHD
6
13083 SW KNAUS RD
$2,295,000
5
4.1
4,900
DETACHD
598
SOLD (Oct. 19-Oct. 25, 2009)
ADDRESS
ORIG. PRICE
SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
O/Price
Close Price
# BR
# BTHS
Total SF
Prop Type
CDOM
340 CERVANTES CIR
$120,000
$105,000
2
1.1
912
CONDO
122
15230 BOONES WAY
$164,900
$158,500
2
2
1,185
CONDO
77
195 OSWEGO SMT
$279,900
$183,700
2
2
1,506
CONDO
343
5 PEACOCK PL
$330,000
$289,500
4
2.1
1,760
DETACHD
169
17860 Sundown CT
$499,900
$320,000
4
3.1
3,480
DETACHD
136
14141 GOODALL RD
$359,900
$375,000
3
2.1
1,754
DETACHD
91
19 TOUCHSTONE
$415,000
$390,000
4
3
2,789
DETACHD
107
5329 Langford LN
$725,000
$719,000
3
2.1
2,962
DETACHD
302
1708 VILLAGE PARK LN
899000
889000
4
2.1
3,211
DETACHD
13
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.
There were 17 New properties that came on the market, 13 that went to Pending status, and 4 that Sold in Lake Oswego last week according to RMLS.
We hope that our weekly real estate status updates regarding activity in Lake Oswego are helpful to you.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (Oct. 12—Oct.18, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address
List Price
# Beds
# Baths
Total SF
Prop Type
List Date
5957 SEVILLE AVE
$184,900
1
1
1,199
DETACHD
10/12/2009
450 S STATE ST
$185,000
2
1
800
CONDO
10/12/2009
24 WHEATHERSTONE
$199,950
3
2.1
1,692
CONDO
10/12/2009
668 MCVEY AVE
$219,500
1
1
636
CONDO
10/12/2009
13680 SHIREVA DR
$289,900
3
2
1,504
DETACHD
10/13/2009
5219 DAWN AVE
$289,900
3
1
910
DETACHD
10/13/2009
16000 PACIFIC HWY
$319,000
2
2
1,200
CONDO
10/12/2009
5957 SEVILLE AVE
$339,900
1
1
1,199
DETACHD
10/12/2009
3068 DUNCAN DR
$473,900
4
4
3,281
DETACHD
10/12/2009
13175 THOMA RD
$579,900
3
2
1,920
DETACHD
10/12/2009
5678 SW CHARLES CIR
$625,000
4
4
3,455
DETACHD
10/16/2009
5767 SUNCREEK DR
$769,000
3
3
3,363
DETACHD
10/18/2009
567 6th ST
$769,000
4
3.1
2,558
DETACHD
10/14/2009
19463 LORNA LN
$805,000
4
3.1
4,024
DETACHD
10/14/2009
19422 LORNA LN
$805,000
5
3.1
4,011
DETACHD
10/14/2009
18209 SIENA DR
$1,178,950
4
3.1
3,617
DETACHD
10/12/2009
1075 CHANDLER RD
$1,850,000
5
5
5,946
DETACHD
10/16/2009
PENDING SALES (Oct. 12 -Oct. 18, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
44 EAGLE CREST DR
$158,900
3
2
1,085
CONDO
123
36 CERVANTES CIR
$159,900
2
1.1
912
CONDO
337
16600 BRYANT RD
$249,900
3
2
1,877
DETACHD
106
5424 WASHINGTON CT
$299,900
2
1
1,296
DETACHD
68
1991 MAPLELEAF RD
$309,900
3
2
1,456
DETACHD
14
26 BRIARWOOD RD
$344,900
4
2.2
2,554
DETACHD
133
315 LAKE BAY CT
$389,900
2
2
1,277
DETACHD
8
905 COUNTRY CLUB RD
$409,900
4
2.1
2,817
DETACHD
238
18410 DEERBRUSH AVE
$475,000
4
2.1
2,217
DETACHD
78
4691 HERITAGE LN
$499,000
4
2.1
2,716
DETACHD
324
400 LAKE BAY CT
$529,000
3
2.1
1,680
DETACHD
198
540 NORTHSHORE RD
$599,000
4
3
2,746
DETACHD
153
17225 KELOK RD
$1,350,000
4
3.1
4,161
DETACHD
0
SOLD (Oct. 12-Oct. 18, 2009)
ADDRESS
ORIG. PRICE
SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
O/Price
Close Price
# Beds
# Baths
Total SF
Prop Type
CDOM
10 CONDOLEA DR
$250,000
$220,000
2
2
1,312
ATTACHD
398
5044 GREENSBOROUGH CT
$449,000
$411,100
3
2.1
2,124
DETACHD
49
95 D AVE
$608,500
$576,500
4
2
1,809
DETACHD
83
17960 SARAH HILL LN
$1,179,000
$910,000
5
3.1
4,800
DETACHD
163
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.
Sunday is supposed to be our best day of the week… i.e., Sunshine! Get out and enjoy touring some Open Houses in Lake Oswego, and give Dianne or me a call if you are not working with a Realtor and end up finding the house of your dreams! We’d be happy to represent you, and always have time for you.
There are 26 properties on tour in Lake Oswego tomorrow according to RMLS:
Here are a few local events & opportunities currently offered Lake Oswego residents. Wish you were here? We do too! Enjoy:
Scam Jam 2009 ~ The FBI Citizen’s Academy Alumni Association invites you to learn to protect yourself from identity theft. Other topics to be covered include investment fraud, repair scams, financial exploitation and more. Join LOPD and take part in this free event on Saturday, October 17 at Reed College, 3203 SE Woodstock Blvd, Portland.
Unsung Hero Award ~ Lake Oswego is sponsoring this refreshing opportunity to nominate a Lake Oswego neighbor who makes a difference in the lives of those around them. You may nominate someone by picking up a form at City Hall or by calling 503 635 0257. The deadline is October 31st.
Homecoming Parades ~
Lake Oswego High School’s parade: Friday, October 16th 1:30PM – 2:30PM
Lakeridge High School’s parade: Friday, October 23rd 2PM – 3PM
A Avenue will be closed to all eastbound traffic from Chandler to 1st Street during the parades.
Vote for Your Favorite Photo ~ Now that Lake Oswego’s first Photo Contest was a huge success, it is time to vote for your favorite of two finalists which were selected from each category. Lake Oswego residents may vote here: VOTE! Voting closes on October 15th.
Sensitive Lands ~ Lake Oswego is offering a Workshop and FAQ site in response to the tremendous interest of citizenry in the Sensitive Lands policies under discussion now.
There were 34 properties classified in RMLS as “New” on the market last week, but only 12 of them truly are, and are listed as such for you below. We had 14 properties go to “Pending” status, and 21 “Sold”!
Ah… the beauty of the Portland area in the Fall… just the time for a new start in a new home. Lake Oswego is so gorgeous once all the leaves begin to turn. With some rain last week, we are again back to sunshine and seasonably pleasant temperatures around 69/70. Nights are getting chilly though… and there is that beautiful smell in the air. So fresh. We’ll get pictures up here for you once the leaves turn. For now, enjoy your property search/sale adventures, & don’t forget to email or call Dianne or myself if you need a Realtor and are not currently working with one. We would love to meet you.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (Sept. 28—Oct.5, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address
List Price
# Beds
# Baths
Total SF
Prop Type
List Date
3433 MCNARY PKWY
$162,750
2
2.1
1,208
CONDO
10/2/2009
3826 BOTTICELLI ST
$210,000
2
2
1,055
ATTACHD
10/2/2009
18179 SW PILKINGTON RD
$299,900
3
2
1,300
DETACHD
10/2/2009
15430 PARTRIDGE DR
$379,000
3
2.1
2,207
DETACHD
10/3/2009
2245 GLEN HAVEN RD
$379,000
3
1.1
1,276
DETACHD
10/1/2009
980 C AVE
$399,500
3
2
1,312
DETACHD
9/30/2009
1457 BOCA RATAN DR
$445,000
3
2
1,568
DETACHD
9/28/2009
1430 CHERRY CREST DR
$525,000
4
3
3,302
DETACHD
10/2/2009
827 8TH ST
$898,000
5
3.1
3,852
DETACHD
9/29/2009
507 ASH ST
$988,000
3
3
3,000
DETACHD
9/28/2009
2479 PALISADES CREST DR
$1,495,000
4
3.1
6,640
DETACHD
9/28/2009
2201 HAZEL RD
$1,550,000
4
3.1
5,446
DETACHD
10/1/2009
PENDING SALES (Sept 28 -Oct. 5, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
7202 SW MONTAUK CIR
$99,000
2
1
968
CONDO
74
3433 MCNARY PKWY
$114,900
2
2.1
1,208
CONDO
142
4000 CARMAN DR
$125,900
1
1
767
CONDO
38
141 OSWEGO SMT
$169,900
2
2
1,140
CONDO
77
16573 BONAIRE AVE
$274,900
4
2
1,560
DETACHD
43
4662 CARMAN DR
$289,900
5
2
1,754
DETACHD
13
16250 Pacific Hwy (Hwy 43)
$319,850
2
2
1,200
CONDO
1200
5554 ROYAL OAKS DR
$399,885
3
2
1,861
DETACHD
2
2161 CREST DR
$407,500
4
2.1
2,648
DETACHD
139
1032 LAUREL ST
$424,000
4
2
2,384
DETACHD
86
14666 UPLANDS DR
$499,000
3
2.1
2,568
DETACHD
114
95 D AVE
$585,000
4
2
1,809
DETACHD
83
353 D AVE
$725,000
4
2
3,228
DETACHD
749
5250 DAWN AVE
$855,000
4
3.1
4,333
DETACHD
836
SOLD (Sept 28-Oct. 5, 2009)
ADDRESS
ORIG. PRICE
SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
O/Price
Close Price
# Beds
# Baths
Total SF
Prop Type
CDOM
45 EAGLE CREST DR
$139,900
$110,000
1
1
768
CONDO
125
3688 SPRING LN
$179,900
$164,500
2
2
1,120
CONDO
81
4 TOUCHSTONE
$179,500
$170,000
2
2
984
CONDO
19
5064 FOOTHILLS DR
$299,900
$262,000
2
2
1,308
CONDO
63
1432 LAUREL ST
$275,000
$265,000
2
1
920
DETACHD
85
17100 BRYANT RD
$278,900
$310,000
3
3
2,032
DETACHD
18
605 COUNTRY CLUB RD
$399,900
$317,500
4
2.1
3,422
DETACHD
163
13899 MAJESTIC CT
$439,000
$360,000
3
2
2,357
DETACHD
86
17760 SW CARDINAL CT
$404,900
$375,000
3
2.1
2,147
DETACHD
60
17221 ROBB PL
$427,500
$380,000
3
2
1,812
DETACHD
12
14431 ORCHARD SPRINGS RD
$439,900
$385,000
4
2.1
1,960
DETACHD
212
3560 TEMPEST DR
$449,900
$437,875
3
2.1
2,847
DETACHD
14
4722 HASTINGS PL
$489,900
$479,000
4
2.1
2,151
DETACHD
505
6110 CHILDS RD
$550,000
$482,000
4
3
3,258
DETACHD
138
14412 MEADOW GRASS ST
$500,000
$490,000
4
2.1
3,563
DETACHD
412
17473 REDFERN AVE
$719,950
$575,000
4
2.1
3,052
DETACHD
105
5421 Bay Creek DR
$649,500
$580,000
4
2.1
3,241
DETACHD
138
17386 BLUE HERON RD
$679,000
$650,000
4
3.1
4,063
DETACHD
796
18051 KELOK RD
$899,000
$799,000
5
3.1
3,670
DETACHD
401
17878 HILLSIDE DR
$895,000
$855,000
5
3
3,462
DETACHD
34
301 IRON MOUNTAIN BLVD
$1,150,000
$950,000
4
3.2
3,004
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.
Gorgeous day today (Sat)… Gorgeous day tomorrow!
Is it Fall? Yes. Could there be a few raindrops in between the blinding sunshine? Yes! Is it fun to take in the change of season? Absolutely! (sorry for all the exclamations… against all my better judgement that says “winter is coming…” I really enjoy Fall : )
We have 29 properties on tour in Lake Oswego tomorrow according to RMLS. Get out & enjoy!
Tax Credit ~ The First-Time Home-Buyers’ $8,000. Tax Credit is, of course, the talk of the town (the nation, actually). It is acknowledged that it is and has been helpful in spurring the real estate market (activity in related price ranges is steady if not occasionally feverish… especially lately!) There is much talk about extending the deadline from the current November 30th date to an as-yet-undetermined date in 2010. While it is generally agreed that the housing market is turning the corner, and a large part of this growth is related to the tax credit, there is also concern being expressed about dispersing more government money in light of recent history. So… nothing is decided as of now. There are talks about plans to:
Extend it to all home-buyers,
Not extend it at all,
Increase it to $15,000.,
Extend it and keep the terms the same,
Offer it only to service members who have been out of the country,
Etc.
The important thing to remember if you are a first-time home-buyer, or care about one, is that right now there is an opportunity to get an $8,000. tax credit. That means real money coming to you when you file for 2009. We do NOT know how the debate will play out regarding extending or not extending it… AND right now there is still time to take advantage of it, but you must act now.
Oil Tanks (Reminder & Update) ~ The standards for levels of contaminants are under review. In particular, ethyl benzene and naphthalene have been changed to a “carcinogenic” classification, and therefore cleanup requirements are also changing. There is now concern over the possibility of fumes potentially penetrating a home from underground & causing harm. Remember, if you have an oil tank underground on your property that has not been decommissioned, or if you are a Buyer considering a property with one: Underground oil tanks have a life of approximately 40 years. After that, they leak… and what they leak is toxic. Homeowners can be held liable for damage to soil from leaking tanks, and therefore, proper soil testing and decommissioning through a DEQ-certified environmental service is the wise choice. If you are a Seller in this situation, I would highly recommend just doing this now and getting it out of the way. It makes your home more attractive to potential Buyers, removes an objection, and protects you and the environment at the same time.
Loans ~ There are truly all kinds of loans out there right now for all kinds of Buyers. FHA loans are a current favorite, and the FHA 203 (b) is a little easier to qualify for than most conventional loans these days. There are also “Flex” loans for teachers (administrators & school nurses can also apply!), police, and firefighters. Other than the FHA loan I mentioned, you usually want a credit score of 640 or higher, and for all of them you’ll need 3 to 3.5% down. Talk to your favorite mortgage broker for more information, or give me a call and I can refer you to some great resources.
Homes on Slopes ~ Some precautions, in light of current information gained from recent slides in Portland, Lake Oswego and surrounding areas are worth noting:
At no point should drain water be discharged onto slopes in an uncontrolled manner. Investigate energy dissipation devices to prevent erosion at discharge points.
Make sure that any fill used on the slope is “engineer-fill”. Not all fill is able to handle the specialized drainage requirements of sloped properties.
Make sure gutters remain clear in order to prevent over-saturation in areas not able to handle runoff.
Keep drainage ditches or berms clear during the rainy season so that they do not direct water into areas where erosion & damage may occur.
Keep drain inlets, outlets and weep holes at foundation, retaining walls, driveways etc clean at all times. Remove debris to prevent clogging.
Notice any wet spots on the property. This may indicate either natural seepage, or leaking water or sewer line problems. Seek professional advice immediately.
Regularly check irrigation systems. Drip systems are preferred on hillsides.
Make sure roof drainage is not connected to a subsurface disposal system unless it has been approved by a geotechnical engineer.
Keep water from accumulating next to foundations, retaining walls or basements.
Guard against over-saturation on the hillside, as once this has occurred, damage can result very quickly and without warning.
Last week brought 17 new listings onto the market, 17 pending sales, and 9 closed sales. Of note, at least to me, is that 2 of the closed sales were condos in the 555 building on Second Street. That development is high-end condos that are all on one-level and accessed by elevators. They are ideal for someone downsizing out of their big house for retirement. It’s a great location that is walking distance to downtown, the farmer’s market, the library, and the Adult Community Center. I think the condo market has taken a worse beating in this downturn than the single family residential market. So it’s good to see a couple of these high-end condos selling.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (Sept. 21—27, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address
List Price
# BR
# BTHS
Total SF
Prop Type
List Date
47 EAGLE CREST DR
$119,900
2
1
932
CONDO
9/25/2009
3930 LAKE GROVE AVE
$144,900
2
1
952
CONDO
9/26/2009
15 OSWEGO SMT
$169,900
2
2
1,212
CONDO
9/24/2009
18462 DON LEE WAY
$239,500
4
2
1,904
DETACHD
9/22/2009
5056 FOOTHILLS DR
$299,900
2
2
1,252
CONDO
9/21/2009
1709 ASPEN CT
$317,000
3
2
1,561
DETACHD
9/23/2009
18620 INDIAN CREEK DR
$424,000
3
2
2,046
DETACHD
9/23/2009
1790 YARMOUTH CIR
$424,995
2
2
1,473
DETACHD
9/21/2009
4 ICARUS LOOP
$449,000
4
2.1
2,743
DETACHD
9/27/2009
17336 HUNTER CT
$549,900
3
2.1
3,004
DETACHD
9/24/2009
1060 UPPER DEVON LN
$674,900
3
2.1
2,460
DETACHD
9/23/2009
5124 ROSEWOOD ST
$685,950
5
3.1
3,510
DETACHD
9/23/2009
18096 PILKINGTON RD
$749,000
4
2.1
3,200
DETACHD
9/23/2009
467 9th ST
$775,000
3
2.1
2,700
DETACHD
9/25/2009
453 9th ST
$775,000
3
2.1
2,700
DETACHD
9/25/2009
2445 GLENMORRIE DR
$1,495,000
4
5
4,663
DETACHD
9/22/2009
1870 TWIN POINTS RD
$2,200,000
4
3
4,448
DETACHD
9/22/2009
PENDING SALES (Sept 21 -27, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
Close Price
List Price
# BR
# BTHS
Total SF
Prop Type
CDOM
340 CERVANTES CIR
$110,000
2
1.1
912
CONDO
122
32 OSWEGO SMT
$124,900
1
1
752
CONDO
497
86 KINGSGATE RD
$138,000
2
2
924
CONDO
172
45 EAGLE CREST DR
$139,900
1
1
768
CONDO
125
73 OSWEGO SMT
$164,900
2
2
1,212
CONDO
409
458 STATE ST
$199,900
2
1
800
CONDO
122
195 OSWEGO SMT
$219,900
2
2
1,506
CONDO
343
16651 LAKE FOREST BLVD
$239,900
3
1
1,230
DETACHD
237
16650 Fir LN
$325,000
3
2
1,384
DETACHD
20
2961 DELLWOOD DR
$350,000
3
3
2,476
DETACHD
192
17622 BROOKHURST DR
$350,000
4
2.1
2,909
DETACHD
429
627 1ST ST
$399,000
2
2
2,090
DETACHD
241
1531 WOODLAND TER
$414,000
3
2.1
1,895
DETACHD
139
13531 FIELDING RD
$650,000
4
3.1
4,629
DETACHD
463
5329 Langford LN
$719,000
3
2.1
2,962
DETACHD
302
1708 VILLAGE PARK LN
$899,000
4
2.1
3,211
DETACHD
13
17211 KELOK RD
$1,399,000
3
3.1
5,384
DETACHD
112
SOLD (Sept 21-27, 2009)
ADDRESS
ORIG. PRICE
SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
O/Price
Close Price
# BR
# BTHS
Total SF
Prop Type
CDOM
17928 ROYAL CT
$299,900
$267,250
3
2
1,272
DETACHD
111
4 WHEATHERSTONE
$334,950
$330,000
3
2.1
1,692
CONDO
86
126 CONDOLEA DR
$549,000
$391,500
3
3
2,664
CONDO
680
559 2ND ST
$665,115
$580,000
2
2
1,529
CONDO
923
20 DA VINCI ST
$599,900
$585,000
5
3
3,089
DETACHD
25
575 2ND ST
$832,200
$592,300
2
2.1
1,752
CONDO
887
100 GARIBALDI ST
$1,349,900
$925,000
5
3.2
4,669
DETACHD
334
1149 LAKESHORE RD
$1,295,000
$1,115,000
4
2.1
2,660
DETACHD
143
128 NORTHSHORE CIR
$1,799,000
1290000
3
3.1
3,550
DETACHD
764
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.
It isn’t often that we shine the spotlight on any particular property, but when we heard that the new luxury town homes on Sixth St in sought-after First Addition had just lowered their prices by $100,000 each to $599,900., Dianne and I just had to run over there and take a look.
ML# if you want to get a preview is 9057549. Each has 2258 SF, 3 bedrooms, 3 & 1/2 baths, 2 levels with additional full finished basements, and probably just everything you’ve been looking for.
cabinets also boasts additional built-ins and smart features like a pull-down bar. The dark french doors to the front porch area off the dining room are a rich contrast, and the white wainscoting throughout adds that crisp old-world cottage feel. The 2-car detached garage out back with private courtyard to the house is an added bonus in First Addition, and from there you enter the great room compete with gas fireplace and more built-ins.
Downstairs you find another gas fireplace and generous media room as well as another bedroom & bathroom w/an additional laundry area for guests or your reclusive teenager. Upstairs is the master bedroom & bath showing off glorious travertine w/onyx, a clawfoot tub & separate shower as well as an additional bathroom w/soaker tub & yet another bedroom. Walk-in closets of course, and the main laundry near the upstairs bedrooms check those final “must-haves” off the list.
Overall, these are just so unique & have that easy-living feel that goes hand in hand with the First Addition lifestyle… you know, walking to all the services, trendy shops and restaurants, not to mention Millenium Park Plaza for a view of the lake & all the festive local activities like Farmer’s Market, open air Movie Nights, Holiday Tree-Lighting festivities and on & on. First Addition is just a strolling kinda place; a small-town feel with all the amenities. Cottage Living 
magazine named First Addition as one of the ten best cottage communities in the country. American Planning Association name it one of the top 10 neighborhoods in America. The accolades go on & on.
Come on down & take a look. Bring a Realtor as there has been a lot of interest. They will be held open both Saturday & Sunday from 1 – 4.
Here are a few local events & opportunities currently offered Lake Oswego residents. Wish you were here? We do too! Enjoy: