Last week in Lake Oswego, 9 New properties entered the market, 13 moved to Pending status, and 10 “Closed”/Sold.
Here is the breakdown of activity according to RMLS:
NEW on MKT (Dec 16-22, 2013)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 4000 CARMAN DR #103 | $125,000 | 1 | 1 | 818 | CONDO |
| 4000 CARMAN DR #106 | $139,100 | 2 | 2 | 993 | CONDO |
| 4000 CARMAN DR #55 | $149,999 | 2 | 2 | 866 | CONDO |
| 200 RIDGEWAY RD | $175,000 | 2 | 1 | 988 | CONDO |
| 1120 BOCA RATAN DR | $260,000 | 3 | 2 | 1611 | ATTACHD |
| 16056 REESE RD | $319,000 | 3 | 2 | 1667 | DETACHD |
| 1491 KOAWOOD DR | $489,900 | 4 | 3 | 2510 | DETACHD |
| 1110 HALLINAN CIR | $575,000 | 4 | 3.1 | 3824 | DETACHD |
| 5184 WOODCREST LN Lot 1 | $599,900 | 4 | 2.1 | 2935 | DETACHD |
PENDING SALES (Dec 16-22, 2013)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 3696 SPRING LN #3B | $129,900 | 2 | 2 | 1117 | CONDO | 42 |
| 5523 ROYAL OAKS DR | $200,000 | 2 | 3 | 1817 | DETACHD | 501 |
| 18 WHEATHERSTONE | $295,900 | 3 | 2.1 | 1692 | CONDO | 138 |
| 250 FURNACE ST | $389,000 | 2 | 1 | 899 | DETACHD | 68 |
| 16038 REESE RD | $439,000 | 3 | 3 | 3154 | DETACHD | 2 |
| 17940 MEADOWLARK LN | $459,000 | 5 | 3 | 2508 | DETACHD | 143 |
| 3435 Lake Grove AVE | $595,000 | 4 | 3 | 2618 | DETACHD | 76 |
| 18064 JENIFERS WAY | $639,950 | 5 | 3 | 2965 | DETACHD | |
| 14144 KIMBERLY CIR | $649,900 | 5 | 3.1 | 3824 | DETACHD | 7 |
| 13374 HIDDEN BAY CT | $699,000 | 4 | 2.1 | 3520 | DETACHD | 98 |
| 72 NANSEN SUMMIT | $1,100,000 | 4 | 3 | 4770 | DETACHD | 256 |
| 17323 BERGIS FARM DR | $1,280,000 | 4 | 3.2 | 4297 | DETACHD | 194 |
| 112 NORTHSHORE CIR | $1,500,000 | 4 | 3.1 | 3632 | DETACHD | 331 |
SOLD (Dec 16-22, 2013)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 86 KINGSGATE RD C204 | $100,000 | $103,100 | 2 | 2 | 938 | CONDO | 10 |
| 100 KERR PKWY #59 | $112,000 | $105,000 | 2 | 1.1 | 823 | CONDO | 5 |
| 3433 MCNARY PKWY #405 | $156,900 | $141,000 | 2 | 2.1 | 1208 | CONDO | 113 |
| 16250 PACIFIC HWY #64 | $249,000 | $240,000 | 2 | 2 | 1305 | CONDO | 69 |
| 3285 SW CHILDS RD | $375,000 | $285,000 | 4 | 3 | 2780 | DETACHD | 76 |
| 17736 CARDINAL CT | $330,000 | $355,000 | 4 | 2.1 | 2280 | DETACHD | 6 |
| 464 LIVINGOOD LN | $450,000 | $400,000 | 4 | 2.1 | 2584 | DETACHD | 129 |
| 208 NORTHSHORE RD | $649,950 | $620,000 | 5 | 3 | 2926 | DETACHD | 113 |
| 144 LEONARD ST | $749,900 | $665,000 | 4 | 3.1 | 3552 | DETACHD | 136 |
| 448 COUNTRY CLUB RD | $1,299,000 | $1,200,000 | 4 | 3.1 | 4873 | DETACHD | 328 |
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
We’ve given you plenty of coverage of the exciting and unusual weather experienced lately here in Lake Oswego. I hesitate to scare the bajeezeez out of anyone contemplating living here, and/but believe that even though this is unusual weather, the story I’m about to share is extremely valuable for just that reason, and highlights the importance of giving great consideration to the type of insurance you decide to carry when purchasing a home.
Scott Burns, a professor of geology at Portland State University advises: “The important thing is to get people in Portland and the rest of this area to ask the question, ‘What can I do to prevent landslides on my property?’ ” “There was just a lot of storm water going down the streets and going in every direction,” said Bill Burns, an engineering geologist with the state Department of Geology and Mineral Industries. “There was just so much water, it was just over-taking the system.”
The family reportedly had homeowners insurance, but not the additional protection of landslide coverage which is typically excluded from most policies. I would pose that in addition to being the most diligent and informed homeowner you can possibly be, you also need to acknowledge that sometimes “stuff happens”, and therefore it is prudent to assess any “potential” hazards (even if you believe them unlikely) and protect yourself with appropriate insurance. This means you may end up being the one inquiring as to the availability of such add-ons, and so need to come armed to any discussion with data to guide your inquiries and decisions. To that end, let me provide you with some basic information, which I suggest you view as a primer, and not as the replacement for consultation with your insurance agent who, unlike me, is the “insurance expert”:
Wow! A newscaster said yesterday that we are experiencing the biggest snow event since 1964! For those of you who tune in to the Blotter from out of state, I am attaching a few photos so that you can see what we are talking about. Dianne has posted some for your amusement as well. We usually focus on real estate pretty much exclusively in our Blog, but with this kind of excitement, we can’t resist giving you a little local flavor.
Main roads are kept pretty passable with mostly packed snow, and are sanded regularly (Oregon does not use salt), but side streets, especially hilly ones, are let’s say… invigorating! Kids who have been out of school an extra week this Winter Break are sledding everywhere. Lots of folks have bagged their aspirations of mobility as evidenced by the feet of snow burying their cars on the sides of many roads. Others who are able and so inclined have headed for Mt. Hood where skiing is incredible, and road crews are always ahead of the curve. Trees laden with snow and ice have released some of their burden in the form of limbs in yards and on roadsides. But hey… it’s pretty!
Christmas has taken on a completely different tone this year. Instead of filling the malls, people gather in kitchens around batches of cookies. Fireplaces are the center of many homes where friends, family and a variety of hot beverages and toddies complete the picture. The uptick in Internet shopping in the area has kept UPS busy all over! This year is definitely one we will never forget.