Tag: new listings

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Market Activity for May 17-23, 2010

The housing market in Lake Oswego included 19 new listings, 15 pending sales, and 14 closed sales. You will probably notice some categories moved/missing/changed. Linda and I use a macro in excell to develop these charts. RMLS has made technical changes that are affecting our macro, which we need to re-work. Thanks for your patience while we get the kinks ironed out. I think the basic data is here.

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

NEWLY LISTED (May 17—23, 2010)

Address List Price # BR SF Up+Mn Prop Type
322 CERVANTES CIR $85,000 2 832 CONDO
512 S STATE ST $129,900 1 829 CONDO
668 MCVEY AVE $149,000 2 976 CONDO
16515 INVERURIE RD $299,000 3 1,772 DETACHD
16808 INVERURIE RD $299,900 3 1,182 DETACHD
14372 CAMDEN LN $448,500 3 2,348 DETACHD
1462 GREENTREE CIR $449,900 4 2,507 DETACHD
8 MORNINGVIEW CIR $529,900 3 2,217 DETACHD
230 4TH ST 619900 3 2,165 DETACHD
13265 FOX RUN 680000 3 2,614 DETACHD
17632 WOODHURST PL 699900 5 – DETACHD
17970 ROYCE WAY 799000 4 2,713 DETACHD
19000 BRYANT RD 965000 5 5,874 DETACHD
1425 CHANDLER RD 978000 4 2,204 DETACHD
1235 CHANDLER RD 985000 5 2,044 DETACHD
17301 BERGIS FARM DR 1060000 4 – DETACHD
2569 GLEN EAGLES PL 1349000 5 4,591 DETACHD
13900 GOODALL RD 1600000 5 4,282 DETACHD
1973 CHERYL CT 1695000 5 4,396 DETACHD

PENDING SALES (May 17-23, 2010)

Address List Price # BR Sq Ft SF Up+Mn Prop Type CDOM
100 KERR PKWY $77,500 2 823 823 CONDO 66
100 KERR PKWY $92,500 2 823 823 CONDO 27
3433 SW MCNARY PKWY $123,900 2 1008 1,008 CONDO 98
32 CERVANTES CIR $129,500 2 1092 912 CONDO 160
136 TOUCHSTONE TER $279,000 3 1996 1,198 DETACHD 243
729 3RD ST $295,000 4 1671 1,671 DETACHD 10
4313 ALBERT CIR $367,900 3 1790 1,790 DETACHD 14
1255 BAYBERRY RD $375,000 3 1901 1,901 DETACHD 253
1400 LEE ST 421500 4 2804 1,514 DETACHD 146
24 PARTRIDGE LN 449000 4 3224 3,224 DETACHD 40
675 10TH ST 490000 4 2280 1,272 DETACHD 374
14158 KIMBERLY CIR 530000 5 3548 3,648 DETACHD 18
1158 BAYBERRY RD 649000 4 2386 2,386 DETACHD 10
1703 VILLAGE PARK LN 749000 3 3450 3,450 DETACHD 156
1414 COUNTRY COMMONS 945000 4 5679 3,082 DETACHD 68

SOLD (May 17-23, 2010)

Address Closed Price Original Price #BR Sq Ft Prop Type CDOM
65 OSWEGO SMT $118,000 $129,900 2 1,140 CONDO 8
5051 FOOTHILLS DR $169,900 $210,000 2 991 CONDO 248
750 1ST ST $178,000 $195,000 2 1,350 CONDO 73
5056 FOOTHILLS DR $257,000 $299,900 2 1,252 CONDO 194
19032 KRISTI WAY $262,000 $259,900 2 1,390 DETACHD 7
4420 GOLDEN LN $295,000 $279,900 3 2,165 CONDO 391
119 3RD ST $350,000 $429,900 3 1,204 CONDO 187
5299 LAKEVIEW BLVD $365,000 $399,900 4 2,165 DETACHD 594
2440 OVERLOOK DR $480,000 $525,000 4 3,874 DETACHD 36
815 COUNTRY COMMONS LN $494,500 $595,000 4 2,376 DETACHD 83
3115 ROSEMARY LN $513,000 $599,900 3 3,324 DETACHD 244
17388 CEDAR RD $575,000 $875,000 2 2,134 DETACHD 402
18125 WESTMINSTER DR $658,000 699888 5 3,969 DETACHD 344
356 9TH ST $1,070,000 $1,275,000 4 3,647 DETACHD 98

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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Market Activity Report for May 10-16, 2010

The housing market in Lake Oswego included 19 new listings, 11 pending sales, and 13 closed sales. You will probably notice some categories moved/missing/changed. Linda and I use a macro in excell to develop these charts. RMLS has made technical changes that are affecting our macro, which we need to re-work. Thanks for your patience while we get the kinks ironed out. I think the basic data is here.

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

NEWLY LISTED (May 10—16, 2010)

Address List Price Year Built Sq. Ft. Prop Type
3433 MCNARY PKWY $125,000 1994 1,136 CONDO
4 TOUCHSTONE $179,000 1970 675 CONDO
18430 PILKINGTON RD $259,000 1973 1,029 DETACHD
244 Greenridge DR $319,000 1974 1,907 ATTACHD
5031 TUALATA LN $329,000 1969 1,492 DETACHD
5973 KENNYCROFT WAY $329,500 1962 1,202 DETACHD
5827 BONITA RD $399,900 2002 1,771 DETACHD
16931 Bryant RD $424,500 1930 1,767 ATTACHD
71 TANGLEWOOD DR 449000 1972 2,616 DETACHD
13364 AUBURN CT 450000 2005 2,371 ATTACHD
464 LIVINGOOD LN 459995 1985 1,454 DETACHD
19451 SW DOGWOOD CT 559900 2010 3,594 DETACHD
8 DEL PRADO ST 599950 1972 1,877 DETACHD
4121 CHILDS RD 789900 2006 3,352 DETACHD
11 HILLSHIRE DR 825000 1990 3,415 DETACHD
3030 WESTVIEW CT 859000 1969 2,635 DETACHD
490 COUNTRY CLUB RD 900000 1938 2,240 DETACHD
2607 PALISADES CREST DR 1000000 1981 – DETACHD
2133 HAZEL RD 1325000 2006 3,965 DETACHD

PENDING SALES (May 10-16, 2010)

Address List Price Year Built Sq. Ft. Prop Type
775 BOCA RATAN DR $180,000 1975 2,401 DETACHD
1960 MAPLELEAF RD $225,000 1965 1,210 DETACHD
729 3RD ST $295,000 1948 1,671 DETACHD
666 3RD ST $299,900 1948 953 DETACHD
18922 REDWING WAY $369,900 1969 2,076 DETACHD
16044 INVERURIE RD $399,000 1942 952 DETACHD
1025 C AVE $408,950 1950 1,263 DETACHD
1055 COUNTRY CLUB RD $449,000 1954 1,552 DETACHD
5711 SOUTHWOOD DR 519000 1990 2,655 DETACHD
106 3RD ST 649000 1957 1,495 DETACHD
17281 LOWENBERG TER 839900 2009 2,996 DETACHD

SOLD (May 10-16, 2010)

Address Original Price Sold Price SF Prop Type CDOM
8 OSWEGO SMT $135,000 $123,000 1140 CONDO 115
1137 SPRUCE ST $258,900 $254,900 1214 DETACHD 7
15256 BOONES WAY $335,000 $284,950 1600 ATTACHD 350
4774 OAKRIDGE RD $339,000 $332,500 2104 DETACHD 220
5 ORIOLE LN $340,000 $341,000 2024 DETACHD 14
4548 BLACK FOREST CT $550,000 $393,000 2157 DETACHD 644
4962 BILFORD LN $439,000 $405,000 2168 DETACHD 106
2251 PRESTWICK RD $407,250 $407,250 2236 DETACHD 3
531 2ND ST $399,000 $412,000 1393 CONDO 57
4705 LAKEVIEW BLVD $529,900 $510,000 2700 DETACHD 7
17644 WOODHURST PL $629,900 $550,000 4509 DETACHD 927
5245 LANGFORD LN $719,000 $709,000 2957 DETACHD 104
1224 TYNDALL CT $849,000 $779,000 4157 DETACHD 306

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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News & Notes

State of the Market:

  • Have We Hit Bottom? The experts agree that generally speaking, the country has “hit bottom”, with various areas lagging behind a bit.   CNN.Money.com predicts that the Portland area will hit bottom in Q3 of this year. Our latest RMLS Market Action Report for the Portland area indicates that Portland metro area closed sales increased 18.4% when comparing 2009 vs 2010. Pending sales rose 45% and new listings rose 12.4%. The average sales price declined 8.5%.

(Money Magazine) — The drama is nearly over. After a decade of extremes — the ebullient highs of the real estate boom, then the devastating lows of the bust — calmer forces are beginning to prevail in the housing market.

  • Local Lake Oswego Data The RMLS Market Action Report lumps West Linn and Lake Oswego together, but here is some interesting data:
    * In February 2010 the average sales price was $457,700.
    * The average time on the market was 153 days.
    * Pending Sales rose 52.7% in Feb 2010 as compared to Feb 2009.
    * The average sales price has declined 9.7% in a rolling 12-month equation (i.e. 3/1/08 – 2/28/09 compared with 3/1/09 – 2/28/10)
  • Rates are Rising I have clients asking  “Is this the right time to buy or should we wait?”  One thing we know is that rates are rising. Right now they are still in the 5% range…  actually they are up a bit today at 5.125% but overall they’ve been fluctuating between 4.875% and 5.125% for 30-yr fixed.  As for more foreclosures to come, and prices lowering… interest rates are rising, some say 7% is possible NY Times… so if you ARE planning to finance, all the experts agree that this is the time to be buying, because even if prices go lower, the fact that the interest rates go up effectively nullifies your benefits.
  • Portland Area Rating Improves “Mortgage insurance companies have upgraded Portland’s property value housing trends, meaning that they predict values to be stabilizing in the Portland market.”  Pat Goodell, Academy Mortgage
  • Tax Credits For first-time home-buyers and “moving-up” buyers, there is still time to find a property you love & get a mutually-agreed deal in place before April 30th. So….  hang in there if you are still looking for that “right” one.  Work with your Realtor to narrow the field, or give Dianne or me a call if you are not working with a Realtor.  (I love working with Buyers…. it is actually the reason I originally got into real estate.)
  • USDA Loans USDA anticipates running out of funds to lend by end-April 2010.  If you are thinking about rural properties and considering a USDA loan, now would be the time to ink an offer.
  • FHA Mortgage Insurance Premiums Rising FHA’s upfront (financed) mortgage insurance premium increased to 2.25% effective April 5. And/but, if you are anticipating taking advantage of an FHA loan, don’t fret too much. You WILL now have the higher premium, however,  it’s not anything that should get you in a tizzy, as it will make very little difference in your mortgage payment.  For example, on a $300,000 loan amount, your payment will only increase by approximately $8./month adding in that higher mortgage insurance premium.  (This according to Pat Goodell of Academy Mortgage  503 380 0953.)
  • “The Deal” One thing I am noticing is that many people are becoming so enamored with “the deal” these days, that some are missing the point of why they decided to purchase to begin with, so I am simultaneously always trying to meet my clients needs & desires in a *property* (i.e. what they are trying to accomplish for themselves in their lives w/the purchase… what they truly like), while at the same time being cognizant of the “deal factor” for them.  Keep in mind these things regarding “deals”…  there are basically three kinds:
  1. People who are pricing their homes to sell. They have their own circumstances (down-sizing/relocation/up-sizing/on & on & on), and they are wanting to move on in some fashion.  There are plenty of these out there these days, especially as home owners look around and face the fact that they are now competing with so many homes in or approaching foreclosure.  There are some very real advantages to buying your home from these folks.  Some include: Often these homes are in tip-top shape / You are dealing directly with the owner of the home and as long as the agreed-upon sales price does not dip below what they owe on the property, you are in “Pending” status when you reach mutual acceptance, and /You are negotiating only with the Seller.  / You proceed through a normal closing process if you are taking out a loan, and notwithstanding any negotiations or hoops you need to jump through for the underwriter, you will most likely close in 30-45 days.
  2. Short Sales. These homes’ owners owe more to the bank than what the property is worth in today’s market. The bank is agreeing to take less than what is owed from the Seller.  There are many, many banks in existence and each has its own methods and processes, so there is no uniformity of what to expect, with a few exceptions that I will get into in a moment.  There may be more than one bank involved if there is a second mortgage or more. There are a few things that you can expect, and they are:   * Even if the Seller accepts your offer, the bank is the one (or ones) to give final approval considering that what they will receive is less than what was contracted with the Seller.   ***The bank (s) will usually have paperwork that you must sign if you want to be in the running that will change how the property proceeds through the sale process including: Notifying you that they will only accept an earnest money check & no promissory notes/ They will keep your money and wait to see how many other offers they receive / They will not give you a time line on when they will respond to your offer / You are usually on your own with regard to any repairs / It is usually several months before you find out if your offer was the one accepted & get to proceed to close / During this process the property very often stays in “Active” position on RMLS / Very often the paperwork you must sign includes a provision wherein the bank retains the right to accept another offer right up to closing.   ***For these reasons,  I counsel clients that they must REALLY be in love with a property to proceed through this process.  Also, depending on the property, you may be entering territory wherein you know that you will be competing with other offers, so the best advice, if this is the case, is to make this your best offer… especially if you plan to sit out the long process and want to have a happy ending.  Don’t try to “wing it”… these are complicated times & even the professionals involved are still feeling out the landscape.  There are all kinds of people calling themselves “experts”.  Make sure you know what you are doing and ask for licenses if you think people on the periphery are operating outside of their scope of expertise. Talk to your Realtor as to what your options are, and rely on that trusted professional relationship for guidance.
  3. Bank-owned properties. These homes have usually been through the short sale phase unsuccessfully.  The property has either been on the market & not sold, or the owners opted not to try a short sale and have simply stayed in the property until they had to move on as the bank proceeded through their legal remedies to regain the property due to non-payment.   These properties are sometimes in sad condition due to hardship (i.e. deferred maintenance), but many times these days, they are in very good condition… a sign of the times & the large numbers of otherwise responsible homeowners who simply found themselves in an untenable position through job loss or other factors. The thing to remember about these properties is that the price is ALWAYS lower than either short-sales or standard “good deals”. The bank wants to move on and prices the home low.  The bank is now the Seller and usually acts just like a normal Seller, i.e. Negotiating (tho usually not for repairs)/ accepting or rejecting an offer/Moving on to close with the property going to “Pending” status once it’s mutually agreed-upon/Proceeding through a normal closing process for the Buyer. For this reason: Investors and others are waiting in the wings to pounce on these very often with cash offers, so you have to be quick, and you want to be very careful about low offers, though this can sometimes still be a viable option. Talk to your Realtor about options as they will vary from property to property.

Hope this info is helpful!

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Lake Oswego Market Activity Report ~ March 29-April 4, 2010

Steady as she goes in Lake Oswego with 30 New, 19 Pending, and 17 Sold properties during last week’s Monday – Sunday period according to RMLS. 
Here’ your data for last week (see below the tables for additional notes):
NEWLY LISTED (March 29—April 4, 2010)

Address List Price # Beds # Baths Total SF Prop Type List Date
65 OSWEGO SMT $129,900 2 2 1,140 CONDO 3/29/2010
6120 SHAKESPEARE ST $249,000 3 1.1 1,000 DETACHD 4/3/2010
19032 KRISTI WAY $259,900 2 2 1,390 DETACHD 4/1/2010
2764 GLEN HAVEN RD $294,900 3 1.1 1,352 DETACHD 4/3/2010
16711 MELLON AVE $309,900 3 2 1,346 DETACHD 4/2/2010
1692 FIRCREST CT $329,900 4 3 2,550 DETACHD 3/31/2010
16969 ALDER CIR $344,900 3 2 1,534 DETACHD 3/29/2010
692 2ND ST $379,000 3 1 1,700 DETACHD 4/2/2010
5434 YORKSHIRE PL $489,000 3 3 2,335 DETACHD 4/3/2010
1690 FIRCREST CT $495,000 3 3.1 2,718 ATTACHD 3/29/2010
26 INDEPENDENCE AVE $574,000 4 3 3,694 DETACHD 3/29/2010
9 ABELARD ST $615,000 5 3.1 3,609 DETACHD 4/1/2010
16006 Kimball AVE $698,000 3 2 1,800 RES-MFG 3/31/2010
92 GARIBALDI ST $699,000 4 3.1 3,172 DETACHD 3/30/2010
17080 FERNWOOD DR $699,900 5 3.1 3,681 DETACHD 4/2/2010
14124 HEATHROW LN $785,000 4 3.1 3,812 DETACHD 3/31/2010
331 CHANDLER PL $810,000 4 2.1 2,428 DETACHD 3/29/2010
2358 SUMMIT DR $879,950 3 2.1 2,995 DETACHD 4/1/2010
606 6TH ST 789000 – 898876 4 3 2,850 DETACHD 4/1/2010
17301 CANAL CIR $949,999 3 2.1 1,863 DETACHD 4/2/2010
17979 CRESTLINE DR $1,149,000 4 2.1 4,650 DETACHD 4/2/2010
16805 SCOTT CT $1,190,000 4 3.1 4,321 DETACHD 4/3/2010
1318 HORSESHOE CURV $1,275,000 5 3 3,554 DETACHD 4/2/2010
2111 HAZEL RD $1,349,000 4 4.1 4,894 DETACHD 4/3/2010
1103 LAKE SHORE RD $1,375,000 3 3 3,200 DETACHD 4/2/2010
4011 WESTBAY RD $1,495,000 5 3.1 4,518 DETACHD 4/1/2010
13081 KNAUS RD $1,795,000 5 2.1 3,269 DETACHD 3/29/2010
179 FURNACE ST $2,195,000 3 3.1 4,784 CONDO 3/29/2010
17147 OLD RIVER DR $2,395,000 4 4.2 5,961 DETACHD 3/31/2010
1850 NORTHSHORE RD $15,000,000 4 6.2 13,500 DETACHD 4/3/2010

PENDING SALES (March 29 – April 4, 2010)

Address List Price # Beds # Baths Total SF Prop Type List Date CDOM
210 RIDGEWAY RD $113,900 1 1 778 CONDO 8/24/2009 221
4 TOUCHSTONE $129,000 2 2 984 CONDO 3/8/2010 24
852 5TH ST $250,000 2 1 738 DETACHD 11/21/2009 131
5354 LOWER DR $258,500 2 1 1,201 DETACHD 12/27/2009 96
5056 FOOTHILLS DR $269,000 2 2 1,252 CONDO 9/21/2009 194
82 WHEATHERSTONE $289,000 3 2.1 1,692 ATTACHD 2/17/2010 45
15256 BOONES WAY $299,000 2 2.1 1,600 ATTACHD 10/1/2009 350
505 8TH ST $389,000 3 1 1,050 DETACHD 11/6/2009 143
531 2ND ST $399,000 2 2 1,393 CONDO 2/3/2010 57
2753 VALE CT $399,900 3 3 2,786 DETACHD 10/30/2009 153
2251 PRESTWICK RD $407,250 3 2 2,236 DETACHD 4/1/2010 3
14 OTHELLO ST $419,000 4 2.1 2,464 DETACHD 3/12/2010 22
24 INDEPENDENCE AVE $449,950 6 3.1 3,773 DETACHD 3/5/2010 25
5 EL GRECO ST $469,000 4 2.1 2,455 DETACHD 3/29/2010 4
4311 ORCHARD WAY $519,000 4 2.1 2,916 DETACHD 2/24/2010 201
17930 MEADOWLARK LN $575,000 4 4 3,300 DETACHD 1/8/2010 84
17 SCARBOROUGH DR $579,900 4 2.1 3,290 DETACHD 3/6/2010 24
4113 WESTBAY RD $631,000 2 3 2,477 DETACHD 3/25/2010 7
18430 TAMAWAY DR $889,000 4 2.2 3,867 DETACHD 2/1/2010 59

SOLD (March 29- April 4, 2010)

Address O/Price Sold Price # Beds # Baths Total SF Prop Type CDOM
11 Oswego Summit $129,900 $130,000 2 2 1,212 CONDO 320
16250 PACIFIC HWY $200,000 $141,000 3 2 1,626 CONDO 185
45 EAGLE CREST DR $199,000 $175,000 3 2 1,348 CONDO 234
668 MCVEY AVE $209,000 $180,000 2 1 852 CONDO 34
1581 BONNIEBRAE DR $255,000 $220,000 2 2 1,393 ATTACHD 314
5858 LAKEVIEW BLVD $255,000 $227,000 2 1 1,117 DETACHD 248
1248 OAK ST $249,900 $238,500 2 1 900 DETACHD 73
29 ORIOLE LN $317,000 $240,000 3 2.1 1,644 DETACHD 175
15935 KIMBALL AVE $230,500 $257,000 3 2 1,542 DETACHD 9
4 THE GROTTO $289,000 $282,000 3 2.1 1,534 DETACHD 13
1234 MAPLE ST $349,000 $335,500 3 2 1,550 DETACHD 164
13821 REGENCY CT $409,000 $392,000 4 2.1 2,139 DETACHD 223
4137 ORCHARD WAY $475,000 $400,000 5 2.1 3,084 DETACHD 181
551 2ND ST $499,000 $499,000 2 2 1,631 CONDO 28
1430 CHERRY CREST DR $525,000 $510,000 4 3 3,302 DETACHD 158
16705 GLENWOOD CT $799,000 $665,500 4 3 4,243 DETACHD 190
1839 PALISADES LAKE CT $899,900 $899,900 4 3.1 4,570 DETACHD 168

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 Market Activity Report ~ March 15-21, 2010

We are keeping a steady pace of activity with 29 truly New, 20 Pending, and 9 Sold properties during last week’s Monday – Sunday period according to RMLS.  Of those 29 New properties, 2 are bank-owned and 3 are short-sales. (I think I’ll write a refresher soon on the distinction to refresh our readers’ memories, so stay tuned.) I included Northshore even though it was “freshened” as it had a significant $134,000. price reduction.

Here’ your data for last week (see below the tables for additional notes):
NEWLY LISTED (March 15—March 21, 2010)

Address List Price # Beds # Baths Total SF Prop Type List Date
58 GALEN ST $87,000 1 1 689 CONDO 3/15/2010
47 EAGLE CREST DR $89,100 2 1 1,009 CONDO 3/16/2010
200 BURNHAM RD $205,850 1 1 820 CONDO 3/18/2010
5054 FOOTHILLS DR $225,000 3 2 1,252 CONDO 3/16/2010
5225 JEAN RD $229,900 2 2 1,400 CONDO 3/15/2010
18420 DON LEE WAY $230,000 3 1 924 DETACHD 3/15/2010
900 CORNELL ST $274,900 3 1.1 1,300 DETACHD 3/18/2010
18 SUMMIT RIDGE CT $299,000 2 2.1 1,548 ATTACHD 3/17/2010
4251 WOODSIDE CIR $305,950 3 2 2,032 ATTACHD 3/18/2010
16540 Lake Forest BLVD $324,900 3 2 1,310 DETACHD 3/15/2010
5291 CHINOOK CT $349,900 7 3 2,331 DETACHD 3/20/2010
18156 PIONEER CT $367,300 3 2 1,600 DETACHD 3/19/2010
1559 WORTHINGTON ST $369,000 4 2 2,016 DETACHD 3/15/2010
19242 TERRY AVE $395,000 4 2 1,872 DETACHD 3/16/2010
5644 WINDFIELD LOOP $425,000 3 3 1,800 DETACHD 3/19/2010
0 Lower DR $449,000 4 2.1 2,575 DETACHD 3/19/2010
12 DA VINCI ST $455,000 4 0.3 3,925 DETACHD 3/21/2010
9 JUAREZ ST $475,000 3 3.1 2,823 DETACHD 3/15/2010
5011 ROSEWOOD ST $534,000 3 1.1 1,698 DETACHD 3/15/2010
3285 CHILDS RD $550,000 3 3 2,423 DETACHD 3/20/2010
960 LAKE FOREST DR $610,000 4 2 2,838 DETACHD 3/18/2010
780 5TH ST $640,000 4 2.1 2,488 DETACHD 3/18/2010
13970 TAYLORS CREST LN $643,490 4 2.1 3,371 DETACHD 3/17/2010
18010 GIMLEY CT $685,000 4 2.5 3,652 DETACHD 3/15/2010
1592 BAY VIEW LN $889,900 4 4.1 4,087 DETACHD 3/15/2010
17537 CARDINAL DR $995,000 4 4 5,282 DETACHD 3/15/2010
18020 SKYLAND CIR $1,198,000 5 3.1 3,328 DETACHD 3/20/2010
425 NORTHSHORE RD $1,395,000 3 3 3,270 DETACHD 3/16/2010
18820 GREENBLUFF DR $1,495,000 4 4.1 5,382 DETACHD 3/21/2010

PENDING SALES (March 15 – March 21, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY $88,500 2 1.1 823 CONDO 77
100 KERR PKWY $90,000 2 1.1 823 CONDO 3
28 WHEATHERSTONE $230,000 3 2.1 1,692 CONDO 145
1137 SPRUCE ST $258,900 3 2 1,214 DETACHD 7
16890 CORTEZ CT $274,900 4 3 2,016 DETACHD 104
3365 UPPER DR $299,999 2 2 1,378 DETACHD 133
5373 LAKEVIEW BLVD $318,500 3 1 2,176 DETACHD 201
12519 27TH PL $339,000 3 2.1 1,975 DETACHD 15
17886 TUALATA AVE $375,000 4 2 1,994 DETACHD 218
12402 27TH PL $375,000 3 2 1,992 DETACHD 26
13707 REGENCY CT $399,000 4 2.1 2,006 DETACHD 18
533 2ND ST $399,000 2 2 1,274 CONDO 42
1414 GREENTREE CIR $449,000 4 2.1 2,330 DETACHD 37
644 7TH ST $449,000 3 2.1 1,640 DETACHD 223
2545 DELLWOOD DR $550,000 5 3.1 3,843 DETACHD 948
18081 WESTMINSTER DR $575,000 4 2.1 2,713 DETACHD 108
17644 WOODHURST PL $629,900 3 2.1 4,509 DETACHD 927
2688 RIVENDELL RD $723,000 4 3 3,720 DETACHD 405
16511 Maple CIR $925,000 3 3 3,341 DETACHD 16
8 DOVER WAY $999,000 6 4.2 6,244 DETACHD 184

SOLD (March 15- March 21, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
5225 Jean RD $189,500 $160,000 2 2 1,100 CONDO 92
668 MCVEY AVE $249,500 $220,000 3 1.2 992 CONDO 56
15 ORIOLE LN $269,900 $264,000 2 2 1,470 DETACHD 23
4955 GALEN ST $455,000 $410,000 3 2.1 1,887 DETACHD 76
624 LIVINGOOD LN $380,000 $440,000 4 3 2,596 DETACHD 15
26 WESTRIDGE DR $479,900 $479,900 4 3 2,758 DETACHD 308
5546 KODERRA AVE $539,900 $502,707 3 2.1 2,445 DETACHD 632
4699 AVERY LN $575,000 $555,000 4 3 2,829 DETACHD 4
13701 SW KNAUS RD $1,595,000 $775,000 5 4.1 5,730 DETACHD 219

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 Market Activity Report ~ March 1-7, 2010

There are a whopping 31 truly New, 16 Pending, and 8 Sold properties during last week’s Monday – Sunday period according to RMLS.

Here’ your data for last week (see below the tables for additional notes):
NEWLY LISTED (March 1—March 7, 2010)

Address List Price # Beds # Baths Total SF Prop Type List Date
129 OSWEGO SMT $80,000 1 1 764 CONDO 3/1/2010
4 TOUCHSTONE $184,900 2 2 1,029 CONDO 3/2/2010
87 OSWEGO SMT $209,900 2 1.1 1,116 ATTACHD 3/2/2010
5057 FOOTHILLS DR $229,000 3 2 1,252 CONDO 3/2/2010
18021 TUALATA AVE $269,999 3 1 1,410 DETACHD 3/5/2010
16200 PACIFIC HWY $279,900 2 2 1,208 CONDO 3/1/2010
2320 GLEN HAVEN RD $319,900 3 1.1 1,346 DETACHD 3/7/2010
4505 WILDWOOD ST $329,900 3 2 1,720 DETACHD 3/5/2010
12519 27TH PL $339,000 3 2.1 1,975 DETACHD 3/1/2010
16969 ALDER CIR $369,900 3 2 1,534 DETACHD 3/1/2010
6338 WASHINGTON CT $384,900 3 1 1,558 DETACHD 3/2/2010
13707 REGENCY CT $399,000 4 2.1 2,006 DETACHD 3/1/2010
17763 MARDEE AVE $399,500 5 3 2,300 DETACHD 3/3/2010
446 LIVINGOOD LN $399,900 4 2 2,440 DETACHD 3/1/2010
2104 WEMBLEY PARK RD $469,000 4 3 2,052 DETACHD 3/1/2010
2794 VALE CT $486,000 3 2.1 2,968 DETACHD 3/2/2010
452 EVERGREEN RD $489,000 4 1.1 1,677 ATTACHD 3/3/2010
24 INDEPENDENCE AVE $499,950 6 3.1 3,773 DETACHD 3/5/2010
15266 CANDLEWOOD CT $499,988 4 3 2,569 DETACHD 3/1/2010
19 FALSTAFF ST $500,000 4 2.1 3,207 DETACHD 3/1/2010
17802 HILLSIDE WAY $514,998 4 2.1 2,965 DETACHD 3/1/2010
12 MONTICELLO DR $549,000 4 2.1 3,658 DETACHD 3/4/2010
17 SCARBOROUGH DR $579,900 4 2.1 3,290 DETACHD 3/6/2010
4 NANSEN SUMMIT $625,000 4 2.1 3,257 DETACHD 3/1/2010
1015 SW SOUTHSHORE BLVD $789,000 4 3 3,522 DETACHD 3/1/2010
17151 CORNELL ST $835,000 4 3 3,422 DETACHD 3/2/2010
2886 UPPER DR $850,000 2 3 2,674 DETACHD 3/7/2010
749 SOUTHVIEW RD $899,000 4 2.1 3,052 DETACHD 3/5/2010
16511 Maple CIR $925,000 3 3 3,341 DETACHD 3/1/2010
17344 CEDAR RD $1,099,000 4 2.1 2,831 DETACHD 3/1/2010
408 Northshore RD $1,399,000 4 3.1 3,753 DETACHD 3/1/2010

PENDING SALES (March 1 – March 7, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE $129,000 2 2 979 CONDO 6
73 GALEN ST $139,900 2 2 995 CONDO 116
668 MCVEY AVE $209,000 2 1 852 CONDO 34
15935 KIMBALL AVE $230,500 3 2 1,542 DETACHD 9
15 BLOCH TER $274,900 3 2.1 1,973 ATTACHD 176
18530 PILKINGTON RD $274,950 3 2 1,925 DETACHD 445
15 SAINT HELENS CIR $309,800 3 2 1,528 DETACHD 6
1234 MAPLE ST $339,900 3 2 1,550 DETACHD 164
1565 BEDFORD CT $344,900 3 2 1,978 DETACHD 251
15921 KIMBALL AVE $389,900 3 2 2,309 DETACHD 3
16044 INVERURIE RD $399,000 2 1 952 DETACHD 27
13052 KNAUS RD $475,000 5 3 3,026 DETACHD 34
551 2ND ST $499,000 2 2 1,631 CONDO 28
4668 HASTINGS PL $574,900 3 2.1 2,630 DETACHD 0
1052 TROON RD $659,900 3 2.1 2,310 DETACHD 112
17379 Canal CIR $998,000 4 4 3,421 DETACHD 7

SOLD (March 1- March 7, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
17659 DEEMAR WAY $249,000 $140,000 3 2 1,382 DETACHD 90
3 SUMMIT RIDGE CT $300,000 $260,000 2 2.1 1,576 ATTACHD 218
13680 SHIREVA DR $299,900 $289,900 3 2 1,504 DETACHD 23
702 TERRACE DR $475,000 $370,000 3 3 3,429 DETACHD 103
4040 VIRGINIA WAY $524,900 $515,000 3 2.1 2,623 DETACHD 243
4581 HASTINGS PL $574,900 $550,000 4 2.1 2,985 DETACHD 24
17649 WOODHURST PL $776,900 $567,000 6 4.1 5,669 DETACHD 285
567 6TH ST $779,000 $779,000 4 3.1 2,568 DETACHD 81

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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New Lake Oswego Lots (River Grove)

There is some buzz in River Grove lately as word spreads that the property off of Childs Rd.,  east of Pilkington between there & Bryant Rd. has been designed for 34 lots by Renaissance Custom Homes.  The area is a sought-after intersection of sleepy River Grove residential living and nearby shops, freeway access and so much more.  Neighbors have been anticipating the future of this land for quite some time as it has languished undeveloped and left many surrounding residents wondering at its fate.

I spoke with Jack Hall of Renaissance who confirmed that they are taking lot reservations for a fully refundable cost of $2500. per lot.  The plats are not recorded as yet, but I’m told that all has been approved, with lots ranging from 7400SF – 11,000SF.  Homes range from 2100SF to 3600SF with prices from $559,900 to $659,900. Excavation with roads and utilities will begin the first week in July. Assuming recording of the plat in October, you would be in your new home by Spring 2011!

The big kick-off party was held at Renaissance this past Monday evening where I’m told floor plans, prices and a fit list were released.  The result was that three of the 34 lots are now reserved.  More information may be obtained by contacting Jack Hall at 503 545 3982.  You may also wish to visit Renaissance Woods online at: http://www.renaissance-homes.com/futureDev.html As always, feel free to give Dianne or me a call as we’d be happy to assist you if you are not already working with a Realtor.

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Lake Oswego Market Activity Report ~ Feb 22-28, 2010

There were 20 New, 12 Pending, and 7 Sold properties during last week’s Monday – Sunday period according to RMLS.  Of the “New” properties hitting the market, 4 of them (Townhomes/Condos) are listed at under $200,000., and 5 of the “Detached” residences are listed at under $400,000.  Of the 7 “Detached” residences that Sold, 4 of them were $400,000 and under. Nothing over a million is New, Pending or Sold this week… as a matter of fact, $619,900 topped the “Sold” price tags this time around in Lake Oswego.

Here’ your data for last week (see below the tables for additional notes):
NEWLY LISTED (Feb. 22—Feb. 28, 2010)

Address List Price # Beds # Baths Total SF Prop Type List Date
47 EAGLE CREST DR $105,000 3 1 1,024 CONDO 2/25/2010
4 TOUCHSTONE $129,000 2 2 979 CONDO 2/28/2010
4000 CARMAN DR $142,000 2 2 973 CONDO 2/23/2010
16 MOUNTAIN CIR $189,000 2 2 1,065 ATTACHD 2/26/2010
26 CONDOLEA DR $229,900 2 2 1,420 CONDO 2/26/2010
3433 MCNARY PKWY $250,000 2 2.1 1,156 CONDO 2/24/2010
15 SAINT HELENS CIR $309,800 3 2 1,528 DETACHD 2/24/2010
3269 PHYLLIS CT $349,900 3 1.2 1,711 DETACHD 2/26/2010
6380 SW WASHINGTON CT $375,000 3 2 1,720 DETACHD 2/22/2010
624 LIVINGOOD LN $380,000 4 3 2,596 DETACHD 2/23/2010
1285 LEE ST $395,000 3 3 2,284 DETACHD 2/25/2010
37 D AVE $450,000 3 1.1 1,701 DETACHD 2/22/2010
57 CONDOLEA TER $469,000 2 2.1 2,172 CONDO 2/22/2010
9 MASARYK ST $499,999 4 3 2,822 DETACHD 2/27/2010
1162 LAKESHORE RD $550,000 2 1.1 1,248 DETACHD 2/22/2010
18238 TAMAWAY DR $595,000 5 3 5,504 DETACHD 2/22/2010
7 MOUNTAIN VIEW LN $659,500 5 2.1 3,324 DETACHD 2/22/2010
17645 OAK MEADOW LN $719,900 4 2.1 3,510 DETACHD 2/23/2010
17555 REDFERN AVE $749,900 4 3.1 3,007 DETACHD 2/26/2010
16827 SCOTT CT $969,000 4 3.1 3,952 DETACHD 2/28/2010

PENDING SALES (Feb. 22 – Feb. 28, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
7 CRESTFIELD CT $89,900 1 1 689 CONDO 10
47 EAGLE CREST DR $110,000 2 1 932 CONDO 25
1547 BOCA RATAN DR $198,600 2 1.1 1,008 ATTACHD 168
4948 MEADOWS RD $222,000 3 2 2,491 DETACHD 253
1248 OAK ST $244,900 2 1 900 DETACHD 73
668 MCVEY AVE $249,500 3 1.2 992 CONDO 56
29 ORIOLE LN $265,000 3 2.1 1,644 DETACHD 175
980 C AVE $399,500 3 2 1,312 DETACHD 145
4002 TEMPEST DR $430,000 4 3.1 4,319 DETACHD 8
5400 BAY CREEK DR $499,900 4 2.1 2,856 DETACHD 277
13504 STREAMSIDE DR $590,000 4 2.1 3,467 DETACHD 216
260 PINE VALLEY RD $995,000 4 3.1 3,900 DETACHD 522

SOLD (Feb. 22- Feb. 28, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
2062 CEDAR CT $299,000 $310,000 4 2 1,800 DETACHD 237
15430 PARTRIDGE DR $379,000 $356,000 3 2.1 2,207 DETACHD 118
2530 PALISADES CREST DR $376,200 $392,000 4 2.1 2,774 DETACHD 20
3634 TEMPEST DR $424,900 $400,000 4 3 2,931 DETACHD 3
830 CABANA LN $668,250 $572,941 4 3.1 3,029 DETACHD 79
38 DA VINCI ST $629,000 $615,000 4 2.1 2,932 DETACHD 214
9 HIDALGO ST $670,000 $619,900 4 4.2 5,310 DETACHD 525

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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City Chickens….

You’d have to be hiding under a rock somewhere not to have heard all the buzz about “chickens in the city”.  I haven’t witnessed such passionate discourse on anything other than elections, health insurance reform, or bank bailouts in quite a long time…on both sides of the issue. I do have to admit that chicken lovers seem to be most invested in the subject though, and therefore they are winning their battles all across the country.  Believe me, it’s not pretty when people who want chickens are told they cannot have them on their own property. Here’s an article from MSNBC in Sept ’09 entitled  ” In Portland, Ore., urban chickens rule the roost” . They even get into the fact that Portland’s Mayor Sam Adams owns two hens (I didn’t know that!).   Hmmm… Chickens in Portland on the national stage…

Chickens are said to make great pets, produce eggs, and eat table scraps like a dog but bark less. Actually they are said to make less noise (chickens don’t bark, silly!). I have friends with chickens, and witness much Facebooking and Twittering about these feathery pets. Recipes are exchanged online, and of course the fact that the eggs used came from the family pet always features prominently. My friend Pamela (who is a fabulous cook) feeds Adele, Fatima, Georgina, Hera and Irene fruit, vegetable, and bread leftovers.  (That’s Hera at the top of the page.) Just as there are “victory gardens” springing up everywhere these days that fit in nicely with the welcome & spreading focus on organic foods, home-grown eggs are also food you can count on for your family in times both lean and luxurious.

Chicken coops are appearing over backyard fences in every metropolitan area. Some of them are downright “designer”. Now, whether cities allow chickens or not is another matter. Many do not. Portland does… Beaverton does not. Salem does not. Tigard and Gresham only allow them on unusually large lots (must be 100 feet from neighbors). Almost all prohibit roosters (eggs do not require a rooster…  unless you want baby chicks). According to The City Chicken, Lake Oswego does allow them, does not prohibit roosters, and does not place a limit on how many you may have. That said, roosters in particular may end up in violation of city noise ordinances, so Lake Oswego is not about to give up on quality of life for neighbors of chickens.  Here is a resource for basic info about whether or not they are allowed in your location: Chicken Laws

Remember, if you decide to take on the delightful adventure of keeping chickens at your home, they are pets, and do require care and attention. (These are “The Irene’s” to the right… little Irene named after Pamela’s best friend.)  Give some thought to care, feeding, lodging and protection. Cats are attracted to them, and one cat doing what is natural can end up breaking your heart.

Below, you’ll find some links to sites with all kinds of information regarding: chickens, raising them in urban environments, organizing to change your city’s ordinances, educating yourself on avian flu, general upkeep, and lots more:

Mad City Chickens

The City Chicken

Pistils Nursery (Country Living in the City)

Keeping Chickens Blogspot

Feel free to use this forum to discuss your own experiences of “chickens in the city”.  We’d love to hear from you!  (Many thanks to my friend Pamela for the photos of her beauties!)

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Market Activity for February 8-14, 2010

Last week brought us 14 new listings, 13 pending sales, and 7 closed sales. I want to point out one of the new listings.  Every now and then something comes on the market that just screams at me that it is a great deal.  The house at 17471 Cardinal does that to me.  It just came onto the market as a foreclosure and is priced at $575,900.  It was built in 1973 and has 3056 square feet with 4 bedrooms and 2 and a half baths.  That all sounds pretty normal as far as values goes.  What makes this house amazing is that it’s on Blue Heron Canal.  This is Oswego Lake waterfront for $575,900.  It looks to be in average condition.  Not all updated with granite and stainless steel, but also not a total dog house.  The last time I saw something anywhere near this price on a canal it was a total fixer.  I think this house is a great opportunity for someone who wants a deal on the lake.
(see below the tables for additional notes):

NEWLY LISTED (Feb. 8—Feb. 14, 2010)

Address List Price # BR # BTHS Total SF Prop Type List Date
96 CERVANTES CIR $139,900 2 1.1 912 CONDO 2/10/2010
3433 SW MCNARY PKWY $153,000 2 2 1,008 CONDO 2/10/2010
4340 BOTTICELLI ST $239,900 3 3.1 2,098 CONDO 2/11/2010
860 MCVEY AVE $261,360 8 5.1 3,648 DETACHD 2/11/2010
5055 Foothills DR $274,900 3 2 1,252 CONDO 2/10/2010
44 ORIOLE LN $329,000 4 2.1 2,224 DETACHD 2/14/2010
16044 INVERURIE RD $399,000 2 1 952 DETACHD 2/8/2010
4236 HARVEY WAY $399,500 3 2.1 1,870 DETACHD 2/12/2010
32 CHURCHILL DOWNS 448250 4 2.1 3,016 DETACHD 2/9/2010
17471 CARDINAL DR 575900 4 2.1 3,056 DETACHD 2/11/2010
1000 ATWATER RD 699500 4 3 2,200 DETACHD 2/10/2010
731 F AVE 750000 4 2.1 2,668 DETACHD 2/8/2010
19226 MEGAN PL 765000 3 2.1 3,392 DETACHD 2/8/2010
2125 RIDGE POINTE DR 879000 4 3.1 3,489 DETACHD 2/13/2010

PENDING SALES (Feb. 8 – Feb. 14, 2010)

Address List Price # BR # BTHS Total SF Prop Type CDOM
28 CRESTFIELD CT $79,950 2 2 923 CONDO 5
16250 PACIFIC HWY $99,900 1 1 848 CONDO 1049
3433 MCNARY PKWY $129,900 2 2.1 1,208 CONDO 132
5225 Jean RD $164,900 2 2 1,100 CONDO 92
323 CERVANTES $165,000 2 2 1,265 CONDO 84
17659 DEEMAR WAY $169,000 3 2 1,382 DETACHD 90
65 GREENRIDGE CT $180,000 2 2 1,314 CONDO 80
3009 WEMBLEY PARK RD $329,000 4 1.1 1,754 DETACHD 302
16111 LINDSAY CT 333500 3 2.1 1,840 DETACHD 73
4651 HASTINGS PL 454900 4 2.1 2,215 DETACHD 35
26 WESTRIDGE DR 479900 4 3 2,758 DETACHD 308
5590 KODERRA AVE 689000 4 2.1 3,072 DETACHD 264
64 BERWICK RD 759000 4 3.1 3,740 DETACHD 66

SOLD (Feb. 8 – Feb. 14, 2010)

Address O/Price Close Price # BR # BTHS Total SF Prop Type CDOM
668 MCVEY AVE $143,550 $136,400 3 1.1 992 CONDO 95
13050 BOONES FERRY RD $359,900 $350,000 3 2 2,632 DETACHD 170
19 MORNINGVIEW CIR $469,900 $450,000 3 2.1 2,337 DETACHD 4
401 ASH ST $825,000 $485,000 5 4 5,320 DETACHD 469
18269 TAMAWAY DR $569,000 $490,000 4 2.1 3,293 DETACHD 51
2000 WEMBLEY PARK RD $540,000 $550,000 4 3 2,660 DETACHD 89
17677 WESTVIEW DR $1,423,000 $1,320,000 5 4.1 5,031 DETACHD 130

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.