Market activity last week brought us 10 new listings, 11 pending sales, and 3 closed sales.
See below for further details.
NEWLY LISTED (September 6-12, 2010)
| Address | List Price | Bedrooms | Baths | Sq. Feet | Prop Type | ||
| 2 MOUNTAIN CIR | $160,000 | 2 | 1.5 | 1,504 | ATTACHD | ||
| 5063 FOOTHILLS DR | $225,000 | 2 | 2 | 991 | CONDO | ||
| 17335 ASHLEY CT | $294,900 | 3 | 2.5 | 2,161 | ATTACHD | ||
| 532 2ND ST | $350,000 | 2 | 2.5 | 1,394 | CONDO | ||
| 1551 WOODLAND TER | $499,000 | 4 | 2 | 2,712 | DETACHD | ||
| 5188 MADRONA ST | $549,000 | 3 | 3 | 3,183 | DETACHD | ||
| 17682 MARYLBROOK DR | $649,900 | 4 | 2.5 | 3,799 | DETACHD | ||
| 3883 TAMARACK LN | $669,000 | 4 | 2.5 | 2,898 | DETACHD | ||
| 13978 Westcott CT | 675000 | 3 | 3 | 3,361 | DETACHD | ||
| 1088 WESTWARD HO RD | 725000 | 2 | 2 | 1,837 | DETACHD |
PENDING SALES (September 6-12, 2010)
| Address | List Price | Bedrooms | Baths | Sq Feet | Prop Type | ||
| 200 BURNHAM RD | $139,000 | 2 | 1 | 1,216 | CONDO | ||
| 16250 PACIFIC HWY | $139,000 | 2 | 2 | 1,327 | CONDO | ||
| 6125 FERNBROOK ST | $239,000 | 3 | 1.5 | 1,271 | DETACHD | ||
| 1496 BOCA RATAN DR | $249,900 | 3 | 1.5 | 1,403 | ATTACHD | ||
| 875 LEE ST | $349,900 | 3 | 2 | 2,200 | DETACHD | ||
| 2329 STONEHURST CT | $539,900 | 4 | 3 | 3,275 | DETACHD | ||
| 18263 ANDUIN TER | $575,000 | 4 | 3 | 3,100 | DETACHD | ||
| 550 MIDDLECREST RD | $584,900 | 3 | 2.5 | 2,240 | DETACHD | ||
| 13566 STREAMSIDE DR | 598000 | 3 | 2.5 | 3,123 | DETACHD | ||
| 5657 VICTORIA CT | 689900 | 4 | 3 | 3,421 | DETACHD | ||
| 1641 ENGLEWOOD DR | 695000 | 4 | 2.5 | 4,204 | DETACHD |
SOLD (September 6-12, 2010)
| Address | List Price | Closed Price | Bedrooms | Prop Type | Baths | Sq Feet | CDOM | |||
| 745 BERWICK CT | $549,000 | $520,000 | 3 | DETACHD | 2 | 1988 | 143 | |||
| 2125 RIDGE POINTE DR | $879,000 | $790,000 | 4 | DETACHD | 3.5 | 3489 | 171 | |||
| 13764 KNAUS RD | $1,375,000 | $1,200,000 | 4 | DETACHD | 4.5 | 4805 | 52 | |||
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
Open Houses for Sunday, September 12th
According to the RMLS, there will be 27 open houses in Lake Oswego tomorrow. Enjoy!
| Address | List Price | Bedrooms | Baths | Prop Type | Open | |||
| 1400 BONNIEBRAE DR | $169,500 | 2 | 1 | ATTACHD | 1 to 3 | |||
| 4347 SILVER CT | $312,000 | 3 | 2.5 | CONDO | 1:30 to 3:30 | |||
| 466 5TH ST | $329,900 | 2 | 1.5 | ATTACHD | 1 to 3 | |||
| 4243 ALBERT CIR | $354,000 | 4 | 3 | DETACHD | 12 to 3 | |||
| 138 KINGSGATE RD | $379,900 | 3 | 2.5 | DETACHD | 1 to 3 | |||
| 252 NORTHSHORE RD | $395,000 | 3 | 1 | DETACHD | 1 to 3:30 | |||
| 273 EVERGREEN RD | $475,000 | 3 | 3.5 | ATTACHD | 11 to 2 | |||
| 920 EVERGREEN RD | $499,500 | 3 | 2 | DETACHD | 1 to 3 | |||
| 1740 YARMOUTH CIR | 510000 | 2 | 2.5 | DETACHD | 1 to 4 | |||
| 19415 SW DOGWOOD CT | 519900 | 5 | 3 | DETACHD | 1 to 5 | |||
| 1625 BEDFORD CT | 549900 | 2 | 2.5 | DETACHD | 2 to 4 | |||
| 19245 SW MEGLY CT | 569900 | 5 | 3 | DETACHD | 1 to 5 | |||
| 13596 STREAMSIDE DR | 579900 | 4 | 2.5 | DETACHD | 1 to 4 | |||
| 14246 KIMBERLY CIR | 615000 | 4 | 2.5 | DETACHD | 1 to 3:30 | |||
| 3943 TEMPEST DR | 619500 | 4 | 2.5 | DETACHD | 12 to 2 | |||
| 12645 BOONES FERRY RD | 630000 | 4 | 2 | DETACHD | 1 to 4 | |||
| 17658 BROOKHURST DR | 649900 | 4 | 3 | DETACHD | 1 to 3 | |||
| 5321 AMBERWOOD CT | 709000 | 4 | 3 | DETACHD | 3 to 5 | |||
| 649 9TH ST | 789000 | 3 | 2.5 | DETACHD | 1 to 3 | |||
| 4158 CASEY CT | 799000 | 4 | 2.5 | DETACHD | 2:30 to 4:30 | |||
| 1809 HEADLEE LN | 850000 | 3 | 2.5 | DETACHD | 2 to 4 | |||
| 18209 SIENA DR | 1097000 | 5 | 3.5 | DETACHD | 1 to 3 | |||
| 18246 BELLA TERRA DR | 1194000 | 4 | 3.5 | DETACHD | 1 to 3 | |||
| 2569 GLEN EAGLES PL | 1199000 | 5 | 4.5+.5 | DETACHD | 1 to 3 | |||
| 1808 RIDGE POINTE DR | 1269000 | 5 | 4.5 | DETACHD | 1 to 3 | |||
| 1968 CHERYL CT | 1595000 | 4 | 4.5+..5+.5 | DETACHD | 1 to 4 | |||
| 2572 GLEN EAGLES PL | 2050000 | 5 | 4.5+.5 | DETACHD | 1 to 3 |
Dianne’s Junk Drawer
Winding down the summer, gearing up for the fall, there are a few fun and quick topics I wanted to cover.
Lake Oswego’s Famous Flower Baskets
Remember that flower basket I planted last May? I wanted to share with you how it turned out. This basket is amazing. It hangs about 5′ long and is easily 2-3 feet wide. It is so heavy that I had to move it from it’s original hook, which it was bending. I got a lot of enjoyment out of planting it and watching it grow. I will plan to do it again next year. I also have to confess that I wasn’t as good about fertilizing it as I should have been. Early on, I did fertilize it once a week like I was supposed to. But as the summer progressed, well, I slipped up on that component. That didn’t keep the basket from getting huge. So even an imperfect gardener can grow one of these amazing baskets.
Planning Vacations for Next Year
One of the wonderful benefits of living in the Pacific Northwest is that taking a quick vacation, at not a lot of expense, is really easy. I thought I would list some of the destination spots that my husband and I have been to in the last few years. All trips were 3-5 days long with amazing scenery.
San Juan Islands WA
Joseph, Hells Canyon, and the Wallawas, OR
Coeur d’Alene, ID
Ashland Shakespeare Festival and Jacksonville, OR
Skamania Lodge, WA
Leavenworth, WA
Wenthrop, WA
Bend and Sisters, OR
The Olympic Peninsuala, WA
And, of course, anywhere on the Oregon Coast
And yes, that is me in the photo. My husband and I do our trips on his Yamaha. No, it’s not what I ever imagined doing. Yes, we have fun and my husband loves the adventure. I’ve been riding on the back of his motorcycle since I was 18 years old. I trust him to keep me safe. And that feeling of the wind and the open road really is pretty amazing.
My Personal Commitment
I am once again fundraising for the Portland Race for the Cure, which is being held September 19, 2010 in downtown Portland. Every dollar raised supports awareness, assistance, and research that benefits women right here in Oregon and Southwest Washington. Over 10,000 women received mammograms last year that would not have without assistance from the Susan Komen Foundation and Race for the Cure. As a breast cancer survivor, this effort helps me to make something good come from something very bad. If you are inclined to make a donation, you can do so by clicking here. Thank you!
Thank you for letting me clean out my junk drawer. Let me know if you have any ideas of your own for a great get-a-way in the Pacific Northwest. I’d also love to hear from any of you who planted hanging baskets of your own.
Dianne
Market Activity Aug 30-Sept 5, 2010
Market activity last week brought us 16 new listings, 12 pending sales, and 13 closed sales.
See below for further details.
NEWLY LISTED (August 30-Sept 5, 2010)
| Address | List Price | Bedrooms | Baths | Prop Type | |||
| 49 OSWEGO SMT | $85,000 | 1 | 1 | CONDO | |||
| 3924 CARMAN DR | $199,000 | 2 | 2.5 | ATTACHD | |||
| 23 GREENRIDGE CT | $235,000 | 2 | 1.5 | ATTACHD | |||
| 5713 SW KENNY ST | $284,900 | 3 | 2 | DETACHD | |||
| 4347 SILVER CT | $312,000 | 3 | 2.5 | CONDO | |||
| 9 ORIOLE LN | $335,000 | 3 | 3 | DETACHD | |||
| 132 MIDDLECREST RD | $364,900 | 3 | 1 | DETACHD | |||
| 12139 SW ORCHARD HILL WAY | $399,000 | 4 | 2.5 | DETACHD | |||
| 200 BURNHAM RD | 429000 | 3 | 2 | CONDO | |||
| 1900 GREENTREE RD | 449000 | 4 | 3 | DETACHD | |||
| 2634 ORCHARD HILL PL | 449500 | 3 | 2.5 | DETACHD | |||
| 1033 YATES | 549900 | 4 | 3.5 | DETACHD | |||
| 17590 BLUE HERON DR | 850000 | 4 | 3 | DETACHD | |||
| 100 GARIBALDI ST | 999500 | 5 | 3.5+.5 | DETACHD | |||
| 4464 LAKEVIEW BLVD | 1399000 | 3 | 4 | DETACHD | |||
| 1300 FAIRWAY RD | 4490000 | 4 | 3.5 | DETACHD |
PENDING SALES (Aug 30-Sept 5, 2010)
| Address | List Price | Bedrooms | Baths | Prop Type | |||
| 512 S STATE ST | $99,900 | 1 | 1 | CONDO | |||
| 45 EAGLE CREST DR | $119,900 | 1 | 1 | CONDO | |||
| 41 GREENRIDGE CT | $175,000 | 3 | 2.5 | ATTACHD | |||
| 74 GREENRIDGE CT | $259,900 | 3 | 2.5 | ATTACHD | |||
| 541 2ND ST | $499,000 | 2 | 2 | CONDO | |||
| 15 SCARBOROUGH DR | $499,000 | 5 | 3.5 | DETACHD | |||
| 577 2ND ST | $535,000 | 2 | 2 | CONDO | |||
| 339 6TH ST | $549,900 | 3 | 3.5 | ATTACHD | |||
| 1050 Schukart LN | 599000 | 3 | 3.5 | DETACHD | |||
| 3030 WESTVIEW CT | 795000 | 4 | 2.5 | DETACHD | |||
| 490 COUNTRY CLUB RD | 869900 | 5 | 4 | DETACHD | |||
| 16772 ALDER CIR | 1995000 | 4 | 3.5 | DETACHD |
SOLD (August 30-Sept 5, 2010)
| Address | Orig./Price | Close/Price | Bedrooms | Prop Type | Baths | CDOM | |||
| 5857 CARMAN DR | $190,000 | $162,000 | 2 | DETACHD | 1 | 92 | |||
| 668 MCVEY AVE | $329,998 | $252,000 | 3 | CONDO | 1.5 | 647 | |||
| 116 TOUCHSTONE TER | $299,000 | $270,000 | 3 | CONDO | 2.5 | 327 | |||
| 1851 KILKENNY DR | $450,000 | $305,000 | 4 | DETACHD | 3 | 2 | |||
| 75 CONDOLEA WAY | $389,000 | $369,000 | 3 | CONDO | 3 | 133 | |||
| 1480 Hemlock ST | $388,800 | $369,000 | 4 | DETACHD | 3 | 92 | |||
| 16 PARTRIDGE LN | $419,000 | $385,000 | 3 | DETACHD | 2.5 | 104 | |||
| 13909 MAJESTIC CT | $399,900 | $415,000 | 4 | DETACHD | 3 | 126 | |||
| 26 INDEPENDENCE AVE | $574,000 | 495,000 | 4 | DETACHD | 3 | 117 | |||
| 5722 CHARLES CIR | $599,900 | 560,000 | 4 | DETACHD | 2.5 | 69 | |||
| 17446 BRYANT RD | $795,000 | 730,000 | 4 | DETACHD | 4 | 1515 | |||
| 13777 Cameo CT | $1,950,000 | 1,400,000 | 5 | DETACHD | 4.5 | 411 | |||
| 95 IRON MOUNTAIN BLVD | $1,550,000 | 1,400,000 | 4 | DETACHD | 5.5 | 631 |
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
Open Houses for Sunday September 5, 2010
I love the wind down of summer. Out on a bike ride yesterday I rode past the swim park on Lakeview and thought about the fact that the crowded park would be quiet on Tuesday. School is starting, the days are growing shorter, and the crispness of fall is greeting me in the morning. Enjoy the wind down, and I hope you have a great weekend.
Here are the open houses that will be available for your viewing this Sunday:
| Address | List Price | Bedrooms | Baths | Prop Type | Open | |||
| 29 GREENRIDGE CT | $249,000 | 3 | 2 | ATTACHD | 1 to 4 | |||
| 5055 FOOTHILLS DR | $250,000 | 3 | 2 | CONDO | 1 to 4 | |||
| 273 EVERGREEN RD | $499,000 | 2 | 3.5 | ATTACHD | 11 to 2 | |||
| 19415 SW DOGWOOD CT | $519,900 | 3 | 3 | DETACHD | 1 to 5 | |||
| 19245 SW MEGLY CT | $579,900 | 5 | 3 | DETACHD | 1 to 5 | |||
| 4120 SOUTHSHORE BLVD | $597,000 | 3 | 2.5 | DETACHD | 1 to 3 | |||
| 15915 WALUGA DR | $598,950 | 3 | 2.5 | DETACHD | 1 to 4 | |||
| 14246 KIMBERLY CIR | $649,950 | 4 | 2.5 | DETACHD | 1 to 3:30 | |||
| 18209 SIENA DR | 1097000 | 5 | 3.5 | DETACHD | 1 to 3 | |||
| 18246 BELLA TERRA DR | 1194000 | 4 | 3.5 | DETACHD | 1 to 3 | |||
| 1808 RIDGE POINTE DR | 1269000 | 5 | 4.5 | DETACHD | 1 to 3 | |||
| 2572 GLEN EAGLES PL | 2050000 | 5 | 4.5+.5 | DETACHD | 1 to 3 |
Market Activity ~ Aug 23-29, 2010
We had 15 New properties enter the market in Lake Oswego this last week, 5 go to Pending status, and 7 Closed/Sold.
Here’ your weekly update (see below the tables for additional notes):
NEWLY LISTED (August 23-29, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 79 GALEN ST | $69,900 | 2 | 2 | 995 | CONDO |
| 5180 W SUNSET DR | $289,000 | 1 | 1 | 736 | DETACHD |
| 2240 SOUTHSHORE BLVD | $309,000 | 3 | 1 | 1120 | DETACHD |
| 19189 INDIAN SPRINGS RD | $347,000 | 4 | 3 | 2156 | DETACHD |
| 580 2ND ST | $395,000 | 2 | 1.2 | 1464 | CONDO |
| 5644 WINDFIELD LOOP | $399,000 | 3 | 3 | 1800 | DETACHD |
| 2355 GREENTREE RD | $449,900 | 3 | 2 | 1992 | DETACHD |
| 4978 MULHOLLAND DR | $459,000 | 3 | 2.1 | 2498 | ATTACHD |
| 17787 BLUE HERON DR | $469,950 | 4 | 3 | 2448 | DETACHD |
| 310 DURHAM ST | $475,000 | 3 | 2.1 | 1940 | ATTACHD |
| 1119 OAK ST | $524,900 | 4 | 2.1 | 2123 | DETACHD |
| 877 CORNELL ST | $739,000 | 3 | 3 | 3100 | DETACHD |
| 5320 SOUTHWOOD DR | $795,000 | 4 | 3 | 3646 | DETACHD |
| 844 5TH ST | $829,000 | 3 | 3 | 2590 | DETACHD |
| 17010 Chapin WAY | $1,115,000 | 4 | 3.1 | 4032 | DETACHD |
PENDING SALES (Aug 23-29, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 1684 BOCA RATAN DR | $248,900 | 3 | 2 | 1611 | ATTACHD | 531 |
| 18929 INDIAN SPRINGS RD | $324,900 | 5 | 3 | 3380 | DETACHD | 7 |
| 1480 Hemlock ST | $388,800 | 4 | 3 | 2246 | DETACHD | 92 |
| 26 INDEPENDENCE AVE | $515,000 | 4 | 3 | 3694 | DETACHD | 117 |
| 13595 KNAUS RD | $599,000 | 4 | 2.1 | 3339 | DETACHD | 15 |
SOLD (August23-29, 2010)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 1728 ASPEN CT | $279,900 | $250,000 | 3 | 2.1 | 1852 | DETACHD | 385 |
| 139 TOUCHSTONE CT | $279,900 | $270,000 | 2 | 2.1 | 1846 | ATTACHD | 33 |
| 4490 LAKEVIEW BLVD | $299,900 | $290,000 | 3 | 2 | 1727 | DETACHD | 90 |
| 3068 DUNCAN DR | $424,000 | $369,750 | 4 | 4 | 3281 | DETACHD | 272 |
| 12748 SW 22ND AVE | $699,000 | $435,000 | 4 | 2.1 | 2584 | DETACHD | 373 |
| 12819 ALTO PARK RD | $1,097,500 | $927,000 | 4 | 4.1 | 3944 | DETACHD | 115 |
| 1097 CHANDLER RD | $1,439,000 | $1,390,000 | 4 | 4.1 | 5313 | DETACHD | 42 |
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
Lake Oswego Open Houses ~ Sunday, 8/29/10
There are 22 Open Houses in Lake Oswego Sunday according to RMLS. Enjoy! :
| Address | L/Price | # Bdrms | # Bath | Total SF | Style | Time | |
| 1400 BONNIEBRAE DR | $169,500 | 2 | 1 | 864 | TOWNHSE | 1-3PM | |
| 446 5TH ST | $327,000 | 2 | 1.1 | 1092 | TOWNHSE | 1-3PM | |
| 466 5TH ST | $329,900 | 2 | 1.1 | 1092 | TOWNHSE | 1-3PM | |
| 138 KINGSGATE RD | $379,900 | 3 | 2.1 | 1600 | DETACHD | 1-3PM | |
| 5717 BONITA RD | $380,000 | 4 | 2 | 2572 | DETACHD | 12-3PM | |
| 32 CHURCHILL DOWNS | $399,900 | 4 | 2.1 | 3016 | DETACHD | 2-4PM | |
| 16909 CRESTVIEW DR | $474,900 | 4 | 3 | 2553 | DETACHD | 2-4PM | |
| 920 EVERGREEN RD | $499,500 | 3 | 2 | 1622 | DETACHD | 1-4PM | |
| 12 SCARBOROUGH DR | $499,900 | 4 | 2.1 | 2892 | DETACHD | 1-4PM | |
| 19415 SW DOGWOOD CT | $519,900 | 5 | 3 | 3517 | DETACHD | 1-4PM | |
| 1625 BEDFORD CT | $549,900 | 2 | 2.1 | 2460 | DETACHD | 2-4PM | |
| 19245 SW MEGLY CT | $579,900 | 5 | 3 | 3490 | DETACHD | 1-5PM | |
| 18212 WESTVIEW DR | $598,900 | 4 | 2.1 | 3464 | DETACHD | 2:30-4:300PM | |
| 1277 HIDE A WAY LN | $599,900 | 5 | 3 | 3120 | DETACHD | 12-3PM | |
| 1785 PALISADES TERRACE DR | $749,900 | 5 | 4.1 | 5052 | DETACHD | 1-3PM | |
| 3030 WESTVIEW CT | $795,000 | 4 | 2.1 | 3415 | DETACHD | 2-4PM | |
| 3771 LAKE GROVE AVE | $825,000 | 6 | 4 | 4228 | DETACHD | 1-2:45PM | |
| 18209 SIENA DR | $1,097,000 | 5 | 3.1 | 3839 | DETACHD | 1-3PM | |
| 18246 BELLA TERRA DR | $1,194,000 | 4 | 3.1 | 4196 | DETACHD | 1-3PM | |
| 2569 GLEN EAGLES PL | $1,199,000 | 5 | 4.2 | 4591 | DETACHD | 1-3PM | |
| 1808 RIDGE POINTE DR | $1,269,000 | 5 | 4.1 | 4155 | DETACHD | 1-3PM | |
| 18024 SKYLAND CIR | $1,665,000 | 4 | 3.2 | 4131 | DETACHD | 1-3PM |
A Market Snapshot
This morning’s Oregonian had a cover story on the decline of the housing market (such a nice story to wake up to). I thought it might be helpful if I localized the information and provided you with some stats.
Is our glass half empty? Or is our glass half full? Today I am comparing the inventory of various price ranges including what is currently for sale, what has sold in the last 6 months, and, in the case of detached homes, how that compares to the same time period a year ago:
| Detached Houses | ||||||||
| Price Range | For Sale Now | Sold in last 6 months | Months of Inventory | Sold in same 6 months of 2009 | ||||
| $100,000-$200,000 | 4 | 4 | 6 | 2 | ||||
| $201,000-$300,000 | 36 | 42 | 5 | 21 | ||||
| $301,000-$400,000 | 83 | 68 | 7 | 49 | ||||
| $401,000-$500,000 | 76 | 47 | 9 | 30 | ||||
| $501,000-$600,000 | 82 | 47 | 10 | 24 | ||||
| $601,000-$700,000 | 52 | 26 | 12 | 14 | ||||
| $701,000-$800,000 | 57 | 16 | 22 | 17 | ||||
| $801,000-$900,000 | 34 | 11 | 19 | 8 | ||||
| $901,000-$1,000,000 | 19 | 8 | 15 | 9 | ||||
| $1,001,000-$1,500,000 | 54 | 11 | 30 | 17 | ||||
| $1,501,000-$2,000,000 | 25 | 0 | Indefinite | 4 | ||||
| $2,001,000-$2,500,000 | 7 | 1 | 44 | 2 | ||||
| $2,501,000-$3,000,000 | 4 | 1 | 25 | 1 | ||||
| $3,001,000-$15,000,000 | 11 | 1 | 68 | 0 | ||||
| Condos | ||||||||
| $50,000-$100,000 | 20 | 11 | 2 | |||||
| $101,000-$200,000 | 63 | 39 | 9 | |||||
| $201,000-$300,000 | 33 | 21 | 9 | |||||
| $301,000-$400,000 | 10 | 7 | 6 | |||||
| $401,000-$500,000 | 16 | 5 | 19 | |||||
| $501,000-$600,000 | 9 | 1 | 56 | |||||
| $601,000-$700,000 | 7 | 4 | 11 | |||||
| $701,000-$800,000 | 0 | 0 | – | |||||
| $801,000-$900,000 | 3 | 0 | Indefinite | |||||
| $901,000-$1,000,000 | 2 | 0 | Indefinite | |||||
| $1,001,000-$2,000,000 | 1 | 0 | Indefinite | |||||
| $2,001,000-$3,000,000 | 1 | 0 | Indefinite |
Observations on new construction:
As of today there are 42 listings for new homes that are listed in price from $449,900 to $3,700,000. In the last six months 11 new homes have been sold, the most expensive of which was for $965,000. There are currently 10 new homes listed for sale that are priced over $1,000,000. That is a huge reduction from 3 years ago when I recall counting them and finding over 100 homes that were new construction for sale priced at over $1,000,000. The builders are learning to work with this economy and are building their spec homes in much more affordable price ranges. There are a couple of new subdivisions in LO right now with home prices in the high 400’s and low 500’s.
My Observations
I think the most interesting bit of information I see in this is that the sales have actually increased substantially, although at lower prices. In the February to August time frame 199 houses sold in 2009 versus 283 that sold in 2010. That is a nearly 50% increase. Yes, some credit can be given to the tax credit that expired in June, but I think that there is another factor at play. As prices have come down, buyers who assumed that they previously could not afford Lake Oswego are now finding opportunities in homes that they can afford. The decline in prices is perhaps a boon to the LO housing market in general.
Another observation is that the condo market is really soft as the price goes up. Condos appeal to people seeking an ease of living with Home Owner’s Associations taking care of the yards and exterior maintenance, but another part of the condo market is people who buy into condos because they have been priced out of detached homes that they can afford. As detached home prices have come down, this has given buyers the opportunity to purchase a single family residence as opposed to a condo in the same price range. I see the condos that are currently for sale in the $700,000+ pricing and wonder just how many years it will be before they get an offer.
Highest and Lowest
The least expensive detached home currently for sale in LO is 912 square feet, built in 1963, with 3 bedrooms and 1 bath. It’s priced at $180,000. The most expensive home is still the 5 acre, private island in Oswego Lake. With 13,500 square feet, 4 bedrooms, 6 full and 2 half baths, it was built in 1930 and is priced at $15,000,000.
I hope this information is helpful to you. Please let me know if you have any observations of your own.
Enjoy the day!
Dianne
Photo courtesy of bing.com
Market Activity ~ Aug. 16-22, 2010
We’ve got 21 New properties on the market in Lake Oswego as of this last week, 14 that have gone to Pending status, and 8 that have Closed/Sold. I left a couple of properties as “New” even though they had not been off the market for at least 30 days (which is my usual rule for that) because they had both new representation AND significant price reductions… The rest are truly fresh listings.
Healthy activity. You’ll note in the “Sold” section below, that most of these were not on the market for that long, relatively speaking. Summertime season. It’s also always interesting to note the Opening price as compared to the Closed Price. One sold for $30,000 more than it was listed for… not sure what was up there. But most prices took a drop; some pretty significantly.
Here’ your weekly update (see below the tables for additional notes):
NEWLY LISTED (August 16-22, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 58 GALEN ST | $80,000 | 1 | 1 | 689 | CONDO |
| 100 KERR PKWY #34 | $155,000 | 2 | 2 | 823 | ATTACHD |
| 4 TOUCHSTONE #120 | $178,900 | 3 | 2.1 | 1350 | CONDO |
| 3854 BOTTICELLI ST | $200,000 | 2 | 1.1 | 1132 | CONDO |
| 5055 FOOTHILLS DR | $250,000 | 2 | 2 | 1252 | CONDO |
| 4948 MEADOWS RD | $259,900 | 3 | 2 | 2491 | DETACHD |
| 464 5TH ST | $290,000 | 2 | 1.1 | 1092 | ATTACHD |
| 6062 BURMA RD | $314,900 | 4 | 2 | 1875 | DETACHD |
| 13990 SHIREVA CT | $325,000 | 3 | 2 | 1651 | DETACHD |
| 12623 SW BOONES FERRY RD | $349,950 | 2 | 2 | 1652 | DETACHD |
| 14101 GOODALL RD | $350,000 | 4 | 2 | 1816 | DETACHD |
| 19026 SW INDIAN SPRINGS RD | $359,900 | 5 | 3 | 2841 | DETACHD |
| 5717 BONITA RD | $400,000 | 4 | 2 | 2572 | DETACHD |
| 2697 LOOKOUT CT | $429,000 | 3 | 2 | 2219 | DETACHD |
| 6051 SUMMER WOODS | $495,000 | 4 | 2.1 | 2642 | DETACHD |
| 17973 SAINT CLAIR DR | $577,000 | 4 | 3 | 3323 | DETACHD |
| 13566 STREAMSIDE DR | $598,000 | 3 | 2.1 | 3123 | DETACHD |
| 4055 ORCHARD DR | $649,999 | 5 | 0.4 | 3350 | DETACHD |
| 5157 DENTON DR | $719,900 | 4 | 2.1 | 3087 | DETACHD |
| 5231 DENTON DR | $739,900 | 4 | 2.1 | 3031 | DETACHD |
| 330 NORTHSHORE RD | $799,000 | 4 | 3 | 3324 | DETACHD |
PENDING SALES (Aug 16-22, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 44 EAGLE CREST DR | $89,900 | 2 | 1 | 908 | CONDO | 408 |
| 54 CERVANTES CIR | $139,000 | 2 | 1.1 | 912 | CONDO | 83 |
| 200 BURNHAM RD #206 | $139,000 | 2 | 1 | 1199 | CONDO | 1521 |
| 5857 CARMAN DR | $180,000 | 2 | 1 | 972 | DETACHD | 92 |
| 16000 PACIFIC HWY #25 | $189,000 | 2 | 2 | 1200 | CONDO | 308 |
| 6011 SHAKESPEARE ST | $195,000 | 3 | 1 | 1318 | DETACHD | 1 |
| 5060 FOOTHILLS DR C | $229,950 | 3 | 2 | 1252 | CONDO | 32 |
| 1818 COUNTRY CLUB RD | $235,000 | 4 | 2 | 1596 | DETACHD | 131 |
| 668 MCVEY AVE #20 | $239,998 | 3 | 1.1 | 992 | CONDO | 647 |
| 1073 HALLINAN ST | $349,000 | 3 | 2.1 | 1828 | DETACHD | 64 |
| 4243 ALBERT CIR | $354,000 | 4 | 3 | 2257 | DETACHD | 11 |
| 19 FALSTAFF ST | $425,000 | 4 | 2.1 | 3207 | DETACHD | 169 |
| 3210 FIR RIDGE RD | $525,000 | 4 | 3.2 | 2832 | DETACHD | 125 |
| 17700 UPPER CHERRY LN | $2,495,000 | 5 | 5.1 | 6907 | DETACHD | 10 |
SOLD (August16-22, 2010)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 26 CONDOLEA DR | $229,900 | $185,000 | 2 | 2 | 1420 | CONDO | 131 |
| 580 8TH ST | $255,000 | $285,000 | 2 | 1 | 852 | DETACHD | 12 |
| 4524 AUBURN LN | $535,000 | $480,000 | 3 | 3.1 | 2732 | ATTACHD | 169 |
| 16884 SUMMER PL | $524,900 | $520,000 | 4 | 2.1 | 2911 | DETACHD | 22 |
| 18282 ANDUIN TER | $625,000 | $554,000 | 4 | 2.1 | 3765 | DETACHD | 1 |
| 5783 VICTORIA CT | $599,900 | $572,000 | 3 | 2 | 2500 | DETACHD | 21 |
| 5529 WESTFIELD CT | $629,000 | $629,000 | 3 | 2.1 | 2968 | DETACHD | 4 |
| 1973 CHERYL CT | $1,695,000 | $1,450,000 | 5 | 4.1 | 6436 | DETACHD | 53 |
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
Lake Oswego Open Houses 8/22/10
I can’t believe I’m saying this but the cooler weather feels great after weeks of 90 to 100 degrees! Nice weather for browsing Open Houses too.
There are 26 homes held Open Sunday according to RMLS.
Price Ranges:
Three are under $300,000.
Six are between $300,000 and $500,000.
Seven are between $500,000 and $700,000.
Four more are from $700,000 to a million.
Five are at a million or over (c’mon… I’m calling $999,000 a million : )
Somewhere in this bunch may be the home you’ve been looking for… and there’s still time before the start of the school year!
Drop by my Open House on Lamont Way and say hello from 1:00 till 3:30. I’d love to meet you.
| Address | L/Price | # Beds | # Baths | Total SF | Style | Time | ||
| 29 GREENRIDGE CT | $249,000 | 3 | 2 | 1596 | CONDO | 1-4PM | ||
| 4201 COLLINS WAY | $279,000 | 3 | 2 | 1230 | DETACHD | 1-3PM | ||
| 2245 GLEN HAVEN RD | $299,900 | 3 | 1.1 | 1276 | DETACHD | 12-2PM | ||
| 3269 PHYLLIS CT | $329,900 | 3 | 1.2 | 1711 | DETACHD | 1:30-3:30PM | ||
| 4840 LAMONT WAY | $335,000 | 3 | 2 | 1793 | DETACHD | 1-3:30PM | ||
| 10 PREAKNESS CT | $359,900 | 4 | 2.1 | 2270 | TOWNHM | 1-3PM | ||
| 138 KINGSGATE RD | $379,900 | 3 | 2.1 | 1600 | DETACHD | 12-2PM | ||
| 1462 GREENTREE CIR | $389,900 | 4 | 2.1 | 2507 | DETACHD | 1-4PM | ||
| 2 BARTOK PL | $395,000 | 4 | 2.1 | 2332 | DETACHD | 1-4PM | ||
| 19415 SW DOGWOOD CT | $519,900 | 5 | 3 | 3517 | DETACHD | 1-5PM | ||
| 19319 SW DOGWOOD CT | $519,900 | 4 | 2.1 | 3105 | DETACHD | 1-5PM | ||
| 19245 SW MEGLY CT | $579,900 | 5 | 3 | 3490 | DETACHD | 1-5PM | ||
| 13644 TWIN CREEK LN | $589,899 | 4 | 2.1 | 2758 | DETACHD | 1-3PM | ||
| 1278 HIDE A WAY LN | $599,000 | 4 | 2.1 | 2700 | DETACHD | 2-4PM | ||
| 3943 TEMPEST DR | $639,000 | 4 | 2.1 | 3714 | DETACHD | 1-3PM | ||
| 5511 FIELDSTONE CT | $695,000 | 4 | 2.1 | 3032 | DETACHD | 1-3PM | ||
| 14136 HEATHROW LN | $699,000 | 4 | 2.1 | 2955 | DETACHD | 12-2PM | ||
| 5533 FIELDSTONE CT | $715,000 | 4 | 2.1 | 3112 | DETACHD | 1-3PM | ||
| 2469 MARYLHAVEN PL | $794,500 | 4 | 3.2 | 5582 | DETACHD | 12-3PM | ||
| 330 NORTHSHORE RD | $799,000 | 4 | 3 | 3324 | DETACHD | 1-4PM | ||
| 4158 CASEY CT | $799,000 | 4 | 2.1 | 3385 | DETACHD | 1-4PM | ||
| 16686 MAPLE CIR | $999,000 | 3 | 3.2 | 3311 | DETACHD | 12-3PM | ||
| 18209 SIENA DR | $1,097,000 | 5 | 3.1 | 3839 | DETACHD | 1-3PM | ||
| 18246 BELLA TERRA DR | $1,194,000 | 4 | 3.1 | 4196 | DETACHD | 1-3PM | ||
| 1808 RIDGE POINTE DR | $1,269,000 | 5 | 4.1 | 4155 | DETACHD | 1-3PM | ||
| 2572 GLEN EAGLES PL | $2,050,000 | 5 | 4.2 | 6490 | DETACHD | 1-3PM |