Lake Oswego Real Estate Blog
Even on SuperBowl Sunday there are properties Open in Lake Oswego… including Dianne’s on Oswego Summit. Stop by and say hello!
Here are the Open Houses in Lake Oswego according to RMLS:
| Address | L/Price | # Beds | # Baths | Total SF | Prop Type | Open |
| 1950 BONNIEBRAE DR | $189,900 | 2 | 1.1 | 1056 | ATTCHD | 1-3PM |
| 211 OSWEGO SMT | $229,900 | 2 | 2 | 1506 | CONDO | 12=3PM |
| 2245 GLEN HAVEN RD | $379,000 | 3 | 1.1 | 1276 | DETCHD | 12-4PM |
| 2688 RIVENDELL RD | $745,000 | 4 | 3 | 3720 | DETCHD | 1-4PM |
1) Some Interesting Updates on the Portland Area Market:
– (According to RMLS)
2) Tax Credits: The “First Time Home Buyers” tax credit was extended to this Spring (yikes… getting close) and there has been an additional tax credit extended to those “Buying Up” who have lived in their current home for five years and are buying a property of less than $800,000. Both of these tax credits expire in April: The contract must be inked by April 30th, and the closing must be by June 30th. If you or someone you care about are considering taking advantage of this amazing opportunity, you really must start looking for a home now to make the timeline.
3) Interest Rates to Rise: According to Carrie Bay of DSNews.com (among many others), interest are projected to begin rising, and have risen .25% already within the past month.
4) F.H.A to Raise Standards for Mortgage Insurance: No date has been set yet, but the word is “summer”. (ANOTHER reason to put your home-buying plan in motion now…)
– (excerpted From David Streitfeld of the NY Times)
5) Attention Investors: Yay! HUD has decided to waive the 90 day seasoning financing contingency for buyers!
-(From Pat Goodell of Academy Mortgage ~ 503 380 0953)
Effective February 1st, 2010, there will no longer be a requirement for a seller of a property to be on title for 90 days or more in order for approval of an FHA backed loan. This is incredible news, since the majority of buyers in today’s market are FHA buyers! The 90 day seasoning issue has long been an issue for investors and agents when working with short sales. This is changing on Feb 1st. The policy change will permit buyers to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. This will allow homes to resell as quickly as possible, helping to stabilize real estate prices and to revitalize neighborhoods and communities.”
– ***Linda’s note: There are a few minor restrictions on this. Let me know if you’re interested & I’ll send you the entire document with more detail.
6)Credit Card Companies Get Slapped w/Restrictions: We all know how hard the new mortgage guidelines have hit some potential home-buyers. Sometimes it seems like every time you turn around the consumer is facing yet another hurdle from the banking industry. Well, this time the consumer is being offered protections that should make it easier, less expensive, and less confusing to do business with, or work to pay off credit card companies. Here’s an excerpt from the Federal Reserve’s Announcement:
The Federal Reserve Board on Tuesday approved a final rule amending Regulation Z (Truth in Lending) to protect consumers who use credit cards from a number of costly practices. Credit card issuers must comply with most aspects of the rule beginning on February 22.
“This rule marks an important milestone in the Federal Reserve’s efforts to ensure that consumers who rely on credit cards are treated fairly,” said Federal Reserve Governor Elizabeth A. Duke. “The rule bans several harmful practices and requires greater transparency in the disclosure of the terms and conditions of credit card accounts.”
Among other things, the rule will:
- Protect consumers from unexpected increases in credit card interest rates by generally prohibiting increases in a rate during the first year after an account is opened and increases in a rate that applies to an existing credit card balance.
- Prohibit creditors from issuing a credit card to a consumer who is younger than the age of 21 unless the consumer has the ability to make the required payments or obtains the signature of a parent or other cosigner with the ability to do so.
- Require creditors to obtain a consumer’s consent before charging fees for transactions that exceed the credit limit.
- Limit the high fees associated with subprime credit cards.
- Ban creditors from using the “two-cycle” billing method to impose interest charges.
- Prohibit creditors from allocating payments in ways that maximize interest charges.
Consumers can learn more about changes to their credit card accounts by accessing a new online publication. “What You Need to Know: New Credit Card Rules.” It explains key changes consumers can expect from their credit card companies as a result of the new rules. The Board plans to release additional “What You Need to Know” publications in conjunction with other major rulemakings
There are 28 open houses being advertised via the RMLS for Lake Oswego this Sunday:
| Address | List Price | # BR | # BTHS | Total SF | Prop Type | Open | ||
| 59 GALEN ST | $94,950 | 1 | 1 | 550 | CONDO | 1 to 3 | ||
| 100 LEONARD ST | $264,900 | 2 | 2 | 1,364 | CONDO | 1:30 to 4 | ||
| 5373 LAKEVIEW BLVD | $329,500 | 3 | 1 | 2,176 | DETACHD | 2 to 4 | ||
| 15965 INVERURIE RD | $385,000 | 4 | 2 | 1,915 | DETACHD | 1 to 3 | ||
| 119 3RD ST | $399,900 | 3 | 2 | 1,204 | CONDO | 1 to 4 | ||
| 3075 ROYCE WAY | $430,000 | 4 | 3.1 | 3,667 | DETACHD | 1 to 4 | ||
| 4955 GALEN ST | $435,000 | 3 | 2.1 | 1,887 | DETACHD | 1 to 4 | ||
| 13448 AUBURN CT | $474,900 | 3 | 2.1 | 2,535 | ATTACHD | 1 to 3 | ||
| 2705 SW ORCHARD HILL LN | 499350 | 3 | 2.1 | 2,841 | DETACHD | 1 to 4 | ||
| 73 TANGLEWOOD DR | 499500 | 4 | 3.1 | 4,254 | DETACHD | 1 to 4 | ||
| 4605 CHELSEA LN | 649000 | 4 | 2.1 | 3,411 | DETACHD | 1 to 3 | ||
| 15915 WALUGA DR | 669000 | 3 | 2.1 | 2,939 | DETACHD | 1 to4 | ||
| 520 C AVE | 745000 | 4 | 4 | 3,242 | ATTACHD | 1 to 2:30 | ||
| 540 C AVE | 749000 | 4 | 3.1 | 3,539 | ATTACHD | 1 to 2:30 | ||
| 17110 LOWENBERG TER | 799000 | 4 | 2.1 | 2,678 | DETACHD | 12 to 3 | ||
| 17281 LOWENBERG TER | 884900 | 4 | 3.1 | 3,386 | DETACHD | 12 to 3 | ||
| 17154 LOWENBERG TER | 889900 | 5 | 3.1 | 3,497 | DETACHD | 12 to 3 | ||
| 12439 SW 22ND AVE | 949900 | 4 | 3.1 | 4,118 | DETACHD | 12 to 4 | ||
| 17896 SW KELOK RD | 990000 | 5 | 5 | 4,323 | DETACHD | 1:30 to 3:30 | ||
| 18222 SIENA DR | 1088000 | 6 | 4.1 | 3,800 | DETACHD | 1 to 3 | ||
| 18143 SIENA DR | 1197000 | 5 | 4.1 | 4,152 | DETACHD | 1 to 3 | ||
| 1808 RIDGE POINTE DR | 1269000 | 5 | 4.1 | 4,155 | DETACHD | 1 to 3 | ||
| 18246 BELLA TERRA DR | 1294000 | 4 | 3.1 | 4,196 | DETACHD | 1 to 3 | ||
| 664 OAK MEADOW DR | 1299950 | 4 | 3.1 | 4,198 | DETACHD | 1 to3 | ||
| 657 OAK MEADOW DR | 1349950 | 4 | 3.1 | 4,371 | DETACHD | 1 to3 | ||
| 17364 RIDGEVIEW CT | 1399950 | 4 | 3.1 | 4,436 | DETACHD | 1 to 3 | ||
| 13961 KNAUS RD | 2250000 | 4 | 4.2 | 6,614 | DETACHD | 3 to 4:30 | ||
| 2572 GLEN EAGLES PL | 2395000 | 5 | 4.2 | 6,490 | DETACHD | 1 to 3 |
Have a great weekend!
There were 16 New, 10 Pending, and 4 Sold properties during last week’s Monday – Sunday period according to RMLS. (Note: RMLS data is based on data input by Listing Agents up to the date/time of our writing this post. This means that there is the -possibility- that something might have sold or gone pending and not been entered into RMLS yet, but these things are generally entered right away, so the RMLS data we compile & share is pretty accurate.)
We have been seeing an increase in Buyer activity according to RMLS lockbox stats as well. This is to be expected as rates are still low (though starting to increase a bit), FHA is still only requiring a low of 3.5% down (though this is supposed to increase significantly in the summertime) and the tax credits are in full force, coming with an April deadline. All this means that “looking” is starting now for those serious about finding that special property either as a First-Time Buyer, or one who is “Moving Up” (meaning: having been in their home for at least 5 years and buying under $800,000.). Tax credits are $8,000 & $6,500. respectively.
Here’ your data for last week (see below the tables for additional notes):
NEWLY LISTED (Jan. 18—Jan. 24, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | List Date |
| 44 EAGLE CREST DR | $139,000 | 1 | 1 | 798 | CONDO | 1/20/2010 |
| 4 TOUCHSTONE | $185,000 | 3 | 2.1 | 1,351 | CONDO | 1/20/2010 |
| 4322 BOTTICELLI ST | $279,900 | 2 | 2.1 | 2,043 | CONDO | 1/23/2010 |
| 4372 WOODSIDE CIR | $284,900 | 2 | 2 | 1,178 | ATTACHD | 1/18/2010 |
| 4 THE GROTTO | $289,000 | 3 | 2.1 | 1,534 | DETACHD | 1/24/2010 |
| 4717 FIRWOOD RD | $319,000 | 8 | 3 | 2,502 | DETACHD | 1/22/2010 |
| 4730 FIRWOOD RD | $375,000 | 4 | 2 | 2,124 | DETACHD | 1/23/2010 |
| 2245 GLEN HAVEN RD | $379,000 | 3 | 1.1 | 1,276 | DETACHD | 1/20/2010 |
| 8 POLONIUS | $385,000 | 3 | 2 | 1,760 | DETACHD | 1/22/2010 |
| 15965 INVERURIE RD | $385,000 | 4 | 2 | 1,915 | DETACHD | 1/22/2010 |
| 1571 WOODLAND TER | $450,000 | 4 | 2 | 2,400 | DETACHD | 1/19/2010 |
| 19203 SW Megly Ct | $589,900 | 5 | 3.1 | 3,595 | DETACHD | 1/22/2010 |
| 727 6TH ST | $895,000 | 4 | 2 | 2,884 | DETACHD | 1/20/2010 |
| 356 9TH ST | $1,175,000 | 4 | 3.1 | 3,647 | DETACHD | 1/21/2010 |
| 18735 BRYANT RD | $1,181,900 | 5 | 3.1 | 5,597 | DETACHD | 1/18/2010 |
| 95 IRON MOUNTAIN BLVD | $1,950,000 | 5 | 4.1 | 4,818 | DETACHD | 1/21/2010 |
PENDING SALES (Jan. 18 – Jan. 24, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 45 SW EAGLE CREST DR | $205,000 | 3 | 2 | 1,348 | CONDO | 50 |
| 192 RIDGEWAY RD | $209,900 | 2 | 1 | 1,659 | CONDO | 148 |
| 4447 GOLDEN LN | $229,000 | 2 | 2.1 | 1,980 | ATTACHD | 531 |
| 17350 BLUE HERON RD | $330,000 | 4 | 2.1 | 2,880 | DETACHD | 9 |
| 2650 DELLWOOD DR | $410,000 | 4 | 3 | 3,238 | DETACHD | 295 |
| 4651 HASTINGS PL | $454,900 | 4 | 2.1 | 2,215 | DETACHD | 15 |
| 2000 WEMBLEY PARK RD | $540,000 | 4 | 3 | 2,660 | DETACHD | 89 |
| 5310 WASHINGTON CT | $624,900 | 4 | 3.1 | 3,328 | DETACHD | 878 |
| 1505 COUNTRY CLUB RD | $682,500 | 6 | 4.1 | 5,463 | DETACHD | 229 |
| 2201 HAZEL RD | $1,399,000 | 4 | 3.5 | 5,446 | DETACHD | 605 |
SOLD (Jan. 18 – Jan. 24, 2010)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 4000 SW CARMAN DR | $154,900 | $143,500 | 2 | 2 | 925 | CONDO | 137 |
| 14431 SHERBROOK PL | $299,900 | $284,000 | 4 | 3 | 3,284 | DETACHD | 365 |
| 5506 ROYAL OAKS DR | $399,900 | $410,000 | 4 | 3 | 2,317 | DETACHD | 19 |
| 34 HILLSHIRE DR | $598,000 | $510,000 | 3 | 2.1 | 3,822 | DETACHD | 699 |
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.
The pace is picking up a bit. According to RMLS, there are 17 truly NEW properties in Lake Oswego this last week, 9 that went to PENDING status, and 8 that SOLD. Interesting to note that of the 17 NEW properties on the market, there are no shortsales in the bunch according to RMLS, and of the 9 PENDING sales, there were 2 short-sales, with another 2 short-sales out of the 8 SOLDS’s. There are a lot of good deals out there that do not fall into the short-sale or bank-owned categories, and Buyers seem to be looking for that “right” house instead of lasering in on short-sales in general. That said, it is hard to tell how many of the “NEW” properties could be teetering that direction. There is a whole different closing timeline to be considered if you get into that situation, so just be aware and consult with your Realtor.
One thing to be aware of is that we are not able to tell in an RMLS listing exactly how far above the “short-sale line” a property’s asking price may be. There is always the possibility that a property could turn into a short-sale if the negotiated price with the Seller ends up lower than what they owe. Just sayin’. Talk with your Realtor about what that could mean for you if you think you may be offering an amount that could bring up this possibility in your transaction.
Anyway, here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (Jan. 4—Jan. 10, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | List Date |
| 47 EAGLE CREST DR | $99,500 | 1 | 1 | 666 | CONDO | 1/4/2010 |
| 668 MCVEY AVE | $164,900 | 2 | 1 | 852 | CONDO | 1/4/2010 |
| 18025 TUALATA AVE | $349,000 | 3 | 2 | 1,970 | DETACHD | 1/6/2010 |
| 2705 ORCHARD HILL PL | $374,900 | 3 | 2.1 | 2,250 | DETACHD | 1/8/2010 |
| 2530 PALISADES CREST DR | $376,200 | 4 | 2.1 | 2,774 | DETACHD | 1/7/2010 |
| 13213 SW 63 PL | $399,900 | 4 | 3 | 2,604 | DETACHD | 1/6/2010 |
| 4651 HASTINGS PL | $454,900 | 4 | 2.1 | 2,215 | DETACHD | 1/7/2010 |
| 1641 ASH ST | $475,000 | 4 | 3 | 2,825 | DETACHD | 1/4/2010 |
| 16909 CRESTVIEW DR | $524,900 | 4 | 3 | 2,553 | DETACHD | 1/7/2010 |
| 17930 MEADOWLARK LN | $599,900 | 4 | 4 | 3,300 | DETACHD | 1/8/2010 |
| 72 CONDOLEA WAY | $629,000 | 2 | 2.1 | 3,088 | CONDO | 1/7/2010 |
| 51 HILLSHIRE DR | $679,000 | 4 | 2.2 | 4,306 | DETACHD | 1/5/2010 |
| 5234 WESTFIELD CT | $724,900 | 4 | 3 | 3,252 | DETACHD | 1/4/2010 |
| 14435 UPLANDS DR | $799,995 | 4 | 3.1 | 4,822 | DETACHD | 1/6/2010 |
| 17884 SW KELOK RD | $949,000 | 4 | 3.1 | 4,124 | DETACHD | 1/4/2010 |
| 15444 BOONES WAY | $998,500 | 3 | 2.1 | 3,364 | ATTACHD | 1/4/2010 |
| 5665 BONITA RD | $1,279,900 | 2 | 1 | 1,500 | DETACHD | 1/9/2010 |
PENDING SALES (Jan. 4 – Jan. 10, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 668 MCVEY AVE | $136,400.00 | 3 | 1.1 | 992 | CONDO | 95 |
| 4447 GOLDEN LN | $229,000.00 | 2 | 2.1 | 1,980 | ATTACHD | 521 |
| 16546 BONAIRE AVE | $239,900.00 | 3 | 1 | 1,064 | DETACHD | 82 |
| 2062 CEDAR CT | $299,000.00 | 4 | 2 | 1,800 | DETACHD | 237 |
| 909 CUMBERLAND PL | 299000 – 349000 | 4 | 3 | 2,716 | DETACHD | 43 |
| 3634 TEMPEST DR | $424,900.00 | 4 | 3 | 2,931 | DETACHD | 3 |
| 4040 VIRGINIA WAY | $524,900.00 | 3 | 2.1 | 2,623 | DETACHD | 243 |
| 5310 WASHINGTON CT | $624,900.00 | 4 | 3.1 | 3,328 | DETACHD | 865 |
| 1839 PALISADES LAKE CT | $899,900.00 | 4 | 3.1 | 4,570 | DETACHD | 166 |
SOLD (Jan. 4 – Jan. 10, 2010)
| Address | O/Price | Sold Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 26 WHEATHERSTONE | $265,000 | $210,000 | 3 | 2.1 | 1,692 | CONDO | 135 |
| 5686 WASHINGTON CT | $275,000 | $259,800 | 2 | 2 | 1,342 | DETACHD | 25 |
| 5956 FERNBROOK CIR | $299,999 | $295,000 | 4 | 2 | 1,376 | DETACHD | 370 |
| 4191 CHAPMAN WAY | $409,000 | $360,000 | 4 | 2.1 | 2,610 | DETACHD | 194 |
| 4 ICARUS LOOP | $449,000 | $445,000 | 4 | 2.1 | 2,743 | DETACHD | 57 |
| 17675 CARDINAL DR | $599,000 | $500,000 | 3 | 3 | 3,458 | DETACHD | 294 |
| 2200 PRESTWICK RD | $1,095,000 | $825,000 | 4 | 2.1 | 3,356 | DETACHD | 539 |
| 17345 BERGIS FARM DR | $1,249,900 | $1,062,500 | 4 | 3.2 | 5,199 | DETACHD | 665 |
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.
Happy 2010 to each of you! I don’t know about you, but I can feel the excitement (and dare I say relief) in the air. It’s a new year, and things are looking good. Lake Oswego is already celebrating its Centennial, employment figures are up, real estate tax incentives are in full force (for a few months anyway), stocks started the year with a rally, and “the trend is still up” according to Rob Lutts, chief investment officer at Cabot Money Management.
Are there naysayers and warnings of impending doom? Yes, as always. I, however, am “cautiously excited” at the prospect of renewed opportunity all around. I see my clients achieving their goals and changing their lives, and I know that time does indeed march on. For my clients, job changes happen, marriages and divorces happen, families grow & need more space, loved ones want to be closer geographically, retirement and downsizing happen, and of course, “upsizing” is also very much alive.
The beginning of the year also always brings some legislative changes, like needing a hands-free device to talk on your cellphone in the car. The new law does, however “…exempt motorists who are on their hand-held cell phones ‘in the scope of the person’s employment if operation of the motor vehicle is necessary for the person’s job’.” Hmmmm, I wonder if that includes Realtors? Well, I think I’ll opt for safety anyway, but I can smell some friction (is that burning rubber?) ahead in the way of challenges to these minimum $142. tickets.
In the real estate world, there are all manner of regulatory changes, and changes to the “new” forms we’ll be using. Make sure to talk with your 
Realtor (or Dianne and I if you are without a Realtor) if you have any questions. Some of the changes could affect the timeline of your transaction if you are not aware of them. For instance, if a transaction includes any seller-carried financing, and the document is prepared by escrow, there is a 3-day mandatory review period… so if the Buyer is just seeing the document for the first time at signing, there will be a 3-day delay in closing. Also, you will notice that our ML#’s have gotten a bit longer. As we are starting a new decade, the ML#’s now start with “10”… so they’ll be longer numbers & have lots of zero’s for awhile : ) As an aside, the count on these, and therefore the number of new January listings as of today in Lake Oswego number 24, and range in price from $90,000 to $998,500.
Last, but definitely not least, I want to address the excitement of the ongoing Centennial Celebration in Lake Oswego. I’m including a link here to a pdf that has all kinds of historic Lake Oswego photos, and news stories from 1910. By that time Lake Oswego had been in existence for 60 years already. Three previous attempts at incorporation had failed due to fears around “additional regulations and taxation” (sound familiar?). Residents in First Addition were interested in: “promoting small businesses, water quality, fire protection, debate over the sale of alcohol, as well as government autonomy. The vote in favor of the measure was 79 to 22. Only men cast their ballots because Oregon women did not win the right to vote until 1912.” You really MUST check out this link. Some of the headlines read: “City Government Controls Width of Tires”, “Buy a Lake-Front Lot for $50.”, “Oswego’s Bear Population”, “Illiterate Cows”, “Pig Penmanship”, and many, many more.
Happy, Happy 2010 to you and yours, and thank you for reading the Property Blotter!
Linda
I think the best thing I can say about the Lake Oswego real estate market of 2009 was that it wasn’t 2008. Remember a year ago? We’d seen the collapse of some of the Nation’s largest banks, the first bailout/stimulus package had been put into play, and the entire Nation was in a wait and see mode as the country transitioned to a new Presidency. It was a very difficult time. And it makes today’s market feel, well, pretty darn good.
Let’s start by looking at the Portland Metro area.
Looking at the specifics of Lake Oswego:
I just can not leave this subject entirely without doing my compulsive comparison of affordable homes in Lake Oswego versus Sellwood, a neighborhood in SE Porltand. I like to do this because I used to live in Sellwood, so I think I have a good idea of the area, and because I remain convinced that Lake Oswego is misunderstood by buyers. Many people assume that Lake Oswego is just too expensive for their budget. This is, in fact, not true at all. At this time there are currently 54 houses for sale in Lake Oswego priced at $350,000 or less, whereas in Sellwood there are currently just 27. Lake Oswego is a good place to find an affordable home.
We will never be able to foresee the future. We can only look at the present and the recent past to get an idea of what to expect ahead. My prediction is that the tax incentives for 1st time buyers, and now for repeat buyers as well, will continue to boost sales. I think people intending to sell who are serious will continue to price their homes at reasonable levels that will attract an offer. I also think that people have been beat up in the last couple of years and realize that many mistakes were made. Even if the economy improves, I predict caution from home buyers for many years. People will shop carefully and make home choices carefully. I will also tell you that from my perspective, having survived the housing market of 2008, and now the market of 2009, I am really looking forward to 2010.
Linda and I want to wish you a safe, healthy, and happy New Year.
Yours in real estate, Dianne
There are 5 truly NEW properties in Lake Oswego this last week, 3 that went to PENDING status, and 4 that SOLD.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (Dec. 21—Dec.27, 2009)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | List Date |
| 47 EAGLE CREST DR | $90,000 | 2 | 1 | 932 | CONDO | 12/22/2005 |
| 85 OSWEGO SMT | $225,000 | 2 | 2 | 1,212 | CONDO | 12/23/2005 |
| 13680 SHIREVA DR | $289,900 | 3 | 2 | 1,504 | DETACHD | 12/21/2005 |
| 4962 BILFORD LN | $439,900 | 3 | 2.1 | 2,168 | ATTACHD | 12/20/2005 |
| 1400 LEE ST | $475,500 | 4 | 3 | 2,804 | DETACHD | 12/22/2005 |
PENDING SALES (Dec. 21 – Dec. 27, 2009)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 364 NORTHSHORE RD | $399,900 | 2 | 2 | 2,220 | DETACHD | 465 |
| 19 BECKET ST | $399,995 | 4 | 3.1 | 3,818 | DETACHD | 36 |
| 4938 MULHOLLAND DR | $478,500 | 3 | 2.1 | 2,498 | ATTACHD | 217 |
SOLD (Dec. 21 – Dec. 27, 2009)
| Address | O/Price | Sold Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 16200 PACIFIC HWY | $368,000 | $210,000 | 2 | 2 | 1,208 | CONDO | 72 |
| 15010 TWIN FIR RD | $325,000 | $260,000 | 8 | 2.1 | 3,526 | DETACHD | 220 |
| 953 A AVE | $450,000 | $370,000 | 2 | 2.1 | 2,908 | DETACHD | 134 |
| 4688 CHELSEA LN | $649,900 | $615,500 | 4 | 2.1 | 3,493 | DETACHD | 9 |
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.
A very merry Christmas and holiday season to each of you from Dianne and me!
Here are a few notes from Lake Oswego:
Millenium Park Plaza in Final Phase! ~ The improvements include a small grove of Fuji cherry trees, a water feature and an ADA standard ramp to improve accessibility. Views of Lakewood Bay will be enhanced, and there will be even more room for Lake Oswego’s famed Farmers’ Market and the Lake Run. The park will re-open in May of 2010 in time for Farmers’ Market.
Historic Belluschi House Moves to Marylhurst ~ A home built by noted Portland architect, Pietro Belluschi will stay in Lake Oswego after all. Many thanks to Marylhurst University, where it will receive a permanent home on campus, and be restored as a lasting reminder of Belluschi’s architectural legacy. It is truuly a work of mid-century modernist art, and was about to be demolished until Marylhurst came to the rescue. Fund-raising efforts are now underway to move and restore the house. Here is a link to a photo in ModernHomesPortland.com: Belluschi House
Coat Drive ~ Lake Oswego will be collecting coat for Clackamas County Women and Children’s Centers through the month of February. If you wish to donate, please stop by City Hall at 380 A Avenue, or call 503 635 0257.
Adult Community Center New Year’s Luncheon ~ Doors open on Wednesday, December 30th at 11:30 for this fabulous feast & opportunity to celebrate with your neighbors. Suggested donation is $4.00 for those 60 & older, and $5.00 for all other attendees. The Community Center is located at the intersection of 5th & G Avenues.
Safety ~ The Lake Oswego Fire Department reminds us to consider safety and the safety of those around us as we move through this beautiful holiday season fraught with its own unusual circumstances. We are not usually stringing lights all over our homes for instance, and do not usually place trees in our living rooms adorned with lights of their own. The snaps of really cold weather (which broke many pipes in town a week or so ago) add another twist as we haul out our space heaters on those super frosty days. Here is a link to some safety tips for you and your family: Safety at Holiday Time
This past week we had 8 new listings, 12 pending sales, and 7 closed sales. I expect this week to be slow as everyone gets into all of the events of the holidays.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (Dec. 14—Dec.20, 2009)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | List Date | ||
| 47 EAGLE CREST DR | $89,500 | 1 | 1 | 696 | CONDO | 12/14/2009 | ||
| 100 KERR PKWY | $97,000 | 1 | 1 | 617 | CONDO | 12/18/2009 | ||
| 12 WHEATHERSTONE | $285,000 | 3 | 2.1 | 1,692 | ATTACHD | 12/20/2009 | ||
| 210 S STATE ST | $339,000 | 2 | 1.1 | 1,495 | CONDO | 12/15/2009 | ||
| 5511 FIELDSTONE CT | $675,000 | 4 | 2.1 | 3,032 | DETACHD | 12/15/2009 | ||
| 5533 FIELDSTONE CT | $695,000 | 4 | 2.1 | 3,112 | DETACHD | 12/15/2009 | ||
| 1703 VILLAGE PARK LN | $789,000 | 3 | 2.1 | 3,450 | DETACHD | 12/14/2009 | ||
| 17288 LOWENBERG TER | $897,000 | 4 | 3.1 | 3,245 | DETACHD | 12/14/2009 |
PENDING SALES (Dec. 14 – Dec. 20, 2009)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| Address | List Price | #BR | #BTHS | Total SF | Prop Type | CDOM | |||
| 668 MCVEY AVE | $179,900 | 2 | 1.1 | 985 | ATTACHD | 1124 | |||
| 5064 FOOTHILLS DR | $199,900 | 3 | 2 | 1,252 | CONDO | 168 | |||
| 14431 SHERBROOK PL | $285,000 | 4 | 3 | 3,284 | DETACHD | 365 | |||
| 520 9TH ST | $325,000 | 3 | 2 | 1,148 | DETACHD | 151 | |||
| 16824 INVERURIE RD | $335,000 | 3 | 3 | 1,896 | DETACHD | 244 | |||
| 8 WALKING WOODS DR | 399900 – 429900 | 4 | 3 | 3,302 | DETACHD | 303 | |||
| 15943 WHITE OAKS DR | $430,000 | 4 | 2.1 | 2,773 | DETACHD | 242 | |||
| 5948 BAY POINT DR | $484,950 | 4 | 2.1 | 2,421 | DETACHD | 226 | |||
| 34 HILLSHIRE DR | 565000 | 3 | 2.1 | 3,822 | DETACHD | 699 | |||
| 17675 CARDINAL DR | 599000 | 3 | 3 | 3,458 | DETACHD | 294 | |||
| 13010 KNAUS RD | 995000 | 4 | 3.1 | 4,312 | DETACHD | 1128 | |||
| 15481 TWIN FIR RD | 999000 | 4 | 4.1 | 4,821 | DETACHD | 593 |
SOLD (Dec. 14 – Dec. 20, 2009)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| Address | O/Price | Close Price | # BR | # BTHS | Total SF | Prop Type | CDOM | ||
| 113 KINGSGATE RD | $309,000 | $255,000 | 3 | 2 | 1,436 | DETACHD | 94 | ||
| 200 BURNHAM RD | $399,000 | $275,000 | 3 | 2 | 1,960 | CONDO | 294 | ||
| 3521 LANEWOOD ST | $399,500 | $394,500 | 3 | 1.1 | 1,675 | DETACHD | 5 | ||
| 13584 TWIN CREEK LN | $449,900 | $435,000 | 4 | 2.1 | 2,615 | DETACHD | 2 | ||
| 12430 ORCHARD HILL RD | $649,950 | $550,000 | 3 | 2.1 | 2,985 | DETACHD | 201 | ||
| 4304 WESTBAY RD | $629,900 | $600,000 | 4 | 3.1 | 2,914 | DETACHD | 153 | ||
| 762 3RD ST | $639,900 | $610,000 | 3 | 2.1 | 2,590 | DETACHD | 309 | ||
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.
