Tag: Pacific NW

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Lake Oswego Open Houses ~ Sunday, July 11,2010

We have 32 properties on tour tomorrow in Lake Oswego. For you out-of staters… this will be a sunny Sunday with temperatures in the 80’s after our heatwave of 90’s & 100+ What a day for a stroll through some beautiful homes!
Here is what’s Open Sunday per RMLS:

Address L/Price # Beds # Baths Total SF Style Time
4057 JEFFERSON PKWY $224,900 3 2.1 1460 TOWNHSE 1-4PM
29 GREENRIDGE CT $249,000 3 2 1596 CONDO 1-4PM
139 TOUCHSTONE CT $279,900 2 2.1 1846 TOWNHSE 1-3PM
6301 Alyssa TER $299,900 3 2.1 1546 TOWNHSE 11-1PM
5160 TUALATA LN $339,900 3 2 1470 DETACHD 1:30-3:30PM
4971 SUNTREE LN $378,000 3 2.1 1911 DETACHD 1-4PM
231 LAUREL ST $400,000 3 3 2244 DETACHD 1-3PM
1462 GREENTREE CIR $419,900 4 2.1 2507 DETACHD 1-4PM
13455 AUBURN CT $440,000 3 2.1 1892 DETACHD 12-1:55PM
1899 WOODLAND TER $479,000 5 3.1 3031 DETACHD 1-4PM
975 SOUTHSHORE BLVD $479,900 3 2.1 2118 DETACHD 2-4PM
19415 SW DOGWOOD CT $529,900 5 3 3517 DETACHD 1-5PM
15 SCARBOROUGH DR $549,000 4 3.1 3310 DETACHD 12-3PM
33 MORNINGVIEW CIR $549,900 3 2.1 2737 DETACHD 2-4PM
10 SCARBOROUGH DR $575,000 4 3 3537 DETACHD 1-3PM
4 NANSEN SUMMIT $599,000 4 2.1 3257 DETACHD 1-4PM
8 DEL PRADO ST $599,950 5 3 3637 DETACHD 2:05-4PM
5705 SOUTHWOOD DR $639,900 3 2.1 3372 DETACHD 12-3PM
1015 SOUTHSHORE BLVD $755,000 4 3 3542 DETACHD 12-2PM
18955 BRYANT RD $799,900 4 2.1 3660 DETACHD 12-3PM
3030 WESTVIEW CT $829,000 4 2.1 3415 DETACHD 2-4PM
17884 KELOK RD $848,900 5 3.1 4124 DETACHD 2-4PM
17896 KELOK RD $848,900 5 5 4323 DETACHD 2-4PM
1015 ANDREWS RD $875,000 4 3 3367 DETACHD 1:30-3:30PM
3155 DOUGLAS CIR $985,000 5 3.2 4517 DETACHD 1-4PM
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
18143 SIENA DR $1,197,000 5 4.1 4152 DETACHD 1-3PM
1808 RIDGE POINTE DR $1,269,000 5 4.1 4155 DETACHD 1-3PM
4700 SW DOGWOOD DR $1,499,900 5 3.1 5401 DETACHD 2:30-4PM
3700 UPPER DR $1,595,000 4 3.1 5191 DETACHD 1-4PM
2572 GLEN EAGLES PL $2,185,000 5 4.2 6490 DETACHD 1-3PM
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Market Activity for June 28 to July 4, 2010

Here in Lake Oswego last week the real estate market had 18 new listings, 15 pending sales, and 15 closed sales.
Here is your weekly update (see below the tables for additional notes):

NEWLY LISTED (June 28-July 4, 2010)

Address List Price BR BATHS SF Prop Type
3930 LAKE GROVE AVE $122,000 2 1 952 CONDO
4000 CARMAN DR $122,500 1 1 836 CONDO
4000 CARMAN DR $129,000 2 2 834 CONDO
86 KINGSGATE RD $130,000 2 2 849 CONDO
15209 QUARRY RD $174,900 2 1 1,210 DETACHD
668 MCVEY AVE $185,000 1 1 636 CONDO
18305 FERNBROOK CT $299,999 3 2 1,500 DETACHD
4201 COLLINS WAY $307,500 3 2 1,230 DETACHD
1228 MAPLE ST 399000 3 2 1,894 DETACHD
17055 CRESTVIEW DR 479900 5 3 2,575 DETACHD
730 SW BRIERCLIFF LN 495000 5 3 3275 DETACHD
5580 KILCHURN AVE 549900 4 2 + .5 2,286 DETACHD
18006 GIMLEY CT 549900 5 4 3225 DETACHD
12 SCARBOROUGH DR 574900 4 2 + .5 2,892 DETACHD
611 IRON MOUNTAIN BLVD 575000 2 1 1,322 DETACHD
18212 WESTVIEW DR 598900 4 2 + .5 3464 DETACHD
17874 BLUE HERON WAY 599900 4 4 3,200 DETACHD
17618 CRESTLINE DR 1575000 4 3 + .5+.5 4,666 DETACHD

PENDING SALES (June 28-July 4, 2010)

Address SPID List Price SQ feet BR BATHS Prop Type CDOM
47 EAGLE CREST DR $74,100 1009 2 1 CONDO 104
222 RIDGEWAY RD $125,000 756 1 1 CONDO 13
4372 WOODSIDE CIR $219,000 1178 2 2 ATTACHD 165
16200 PACIFIC HWY $230,000 1208 2 2 CONDO 120
1005 SOUTHSHORE BLVD $249,900 2196 4 2 DETACHD 74
139 TOUCHSTONE CT $279,900 1846 2 2 + .5 ATTACHD 11
4321 WOODSIDE CIR $289,000 1532 3 2 ATTACHD 14
406 8th ST $315,000 2437 3 1 + .5 DETACHD 323
595 6TH ST 349000 893 2 2 DETACHD 3
5 EL GRECO ST 479000 2455 4 2 + .5 DETACHD 7
444 6TH ST 899000 4541 4 4 + .5 DETACHD 213
245 CHANDLER PL 950000 3733 4 2 +.5+.5 DETACHD 6
1425 CHANDLER RD 978000 3384 4 3 DETACHD 43
18820 GREENBLUFF DR 1395000 5382 4 4 + .5 DETACHD 99
13777 Cameo CT 1550000 7300 4 5 + .5 DETACHD 570

SOLD (June 28-July 4, 2010)

Address Orig/Price Close/Price CDOM SQ FT Prop Type BR BATHS
3433 SW MCNARY PKWY $153,000 $120,000 98 1,008 CONDO 2 2
100 LEONARD ST $184,900 $175,000 164 1,364 CONDO 2 2
13 ERASMUS ST $214,500 $210,000 45 1,414 ATTACHD 2 2.5
4610 LAMONT WAY $247,500 $232,500 17 1,750 DETACHD 3 2
17141 SW BRYANT RD $364,900 $317,000 307 1,228 DETACHD 3 2
454 5TH ST $350,000 $350,000 156 1,092 ATTACHD 2 1.5
15547 PARTRIDGE DR $389,900 $390,000 214 2,266 DETACHD 3 2.5
12409 SHELBY CT $449,900 $428,000 12 2,238 DETACHD 3 2
676 9TH ST $525,000 435,000 327 1,850 DETACHD 2 1
15266 CANDLEWOOD CT $464,988 455,000 88 2,569 DETACHD 4 2.5
13460 SNOWBERRY CT $582,500 525,000 61 3,327 DETACHD 3 2.5
15422 BOONES WAY $798,000 675,000 645 2,586 ATTACHD 4 2.5
17212 CHAPIN WAY $850,000 725,000 314 2,541 DETACHD 3 2.5
1580 BONNIEBRAE DR $849,000 840,000 50 3,800 DETACHD 4 3
1340 CHERRY LN $1,348,000 1,200,000 5 5,922 DETACHD 4 4.2

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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Open Houses and Happy 4th of July

Along with a few open houses, this Sunday will bring us Lake Oswego’s annual 4th of July festivities:

  • 7am to noon, Lake Oswego Lion’s Club Pancake Breakfast.  George Roger’s Park. $6 for adults and $4 for children, in includes pancakes, sausage, coffee, orange juice and milk.
  • 1pm, Star Spangled Parade, A Avenue to Millennium Plaza.  Wear your patriotic colors, decorate your wagons, and march in the parade!  Led by an authentic Fife and Drum Band, the parade includes antique cars, veterans, boy scouts, bikes, strollers, pets—you name it.
  • 1pm, boat parade on Lakewood Bay
  • 1:15 to 5pm, Centennial Star Spangled Celebration at Millennium Park, includes presentation of colors, a chicken barbeque (put on by Lake Grove Lions) face painting, Fife and Drum performance, and live music, including Huge Sally and Southern Nights.
  • 9:45, The Annual fireworks Display will be held over Oswego Lake.  Fireworks are shot off from a barge on the lake.  Best viewing is from Lake Grove Swim Park on Lakeview Blvd between Southshore and Summit.  Arrive early to get best viewing and to find parking.  Remember that most roads around the lake are closed or have limited access during the fireworks display, so plan accordingly.

Here are Sunday’s Open Houses, according to the RMLS:

Address List Price Sq Feet BR BATHS Prop Type Open
18222 SIENA DR $1,088,000 3800 6 4 + .5 DETACHD 1 to 3
18209 SIENA DR $1,097,000 3839 5 3 + .5 DETACHD 1 to 3
18246 BELLA TERRA DR $1,194,000 4196 4 3 + .5 DETACHD 1 to 3
18143 SIENA DR $1,197,000 4152 5 4 + .5 DETACHD 1 to 3
1808 RIDGE POINTE DR $1,269,000 4155 5 4 + .5 DETACHD 1 to 3

Have a safe and happy 4th of July!

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Lake Oswego’s Poet: William Stafford

Every community looks to find it’s claim to fame and Lake Oswego’s, beside beautiful homes and top-notch schools, can be found in one of its most famous residents, William Stafford.

William Stafford, born in 1914, lived in Lake Oswego from 1957 until his death in 1993. He was a professor of English at Lewis and Clark College and was world renowned as a poet. In 50 years of writing poetry, which he didn’t begin doing until his 40’s, he is estimated to have written 22,000 poems of which 3,000 were published. In 1970 he was named Consultant in Poetry to the Library of Congress, a position that today would be the equivalent of being the U.S. Poet Laureate. In 1975 he was named the Poet Laureate for the State of Oregon.

You will find tributes to William Stafford throughout Lake Oswego. In the various parks around town you will find inscriptions of his poems, a walkway named after him, and lovely renderings that pay tribute to his creative genius. I am a huge fan of his work. Absolutely one of my favorite places is the William Stafford path in Foothills Park that culminates in the stone circle that bears his work.

Today I want to introduce you to William Stafford and share with you a few of his poems:

Why I Am Happy

Foothills Park, William Stafford Path

Now has come, an easy time. I let it
roll. There is a lake somewhere
so blue and far nobody owns it.
A wind comes by and a willow listens
gracefully.

I hear all this, every summer. I laugh
and cry for every turn of the world,
its terribly cold, innocent spin.
That lake stays blue and free; it goes
on and on.

And I know where it is.

Little Rooms
I rock high in the oak-secure, big branches-
at home while darkness comes. It gets lonely up here
as lights needle forth below, through airy space.
Tinkling dishwashing noises drift up, and a faint
smooth gush of air through leaves, cool evening
moving out over the earth. Our town leans farther
away, and I ride through the arch toward midnight,
holding on, listening, hearing deep roots grow.

There are rooms in a life, apart from others, rich
with whatever happens, a glimpse of moon, a breeze.
You who come years from now to this brief spell
of nothing that was mine: the open, slow passing
of time was a gift going by. I have put my hand out
on the mane of the wind,

William Stafford thoughts

to give it to you.

And, finally, my favorite:
The Way It Is
There’s a thread you follow. It goes among
things that change. But it doesn’t change.
People wonder about what you are pursuing.
You have to explain about the thread.
But it is hard for others to see.
While you hold it you can’t get lost.
Tragedies happen; people get hurt
or die; and you suffer and get old.
Nothing you do can stop time’s unfolding.
You don’t ever let go of the thread.

Thanks for letting me share William Stafford with you. I hope you enjoy his work as much as I do.
Dianne

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Lake Oswego Open Houses ~ Sunday, June 27,2010

There are 36 Lake Oswego properties Open for your pleasure Sunday according to RMLS. Enjoy!

Address L/Price # Beds # Baths Total SF Prop Type Open
1400 BONNIEBRAE DR $179,500 2 1 864 ATTACHD 1-3PM
16231 PARKER RD $260,000 3 1 1381 DETACHD 1-4PM
139 TOUCHSTONE CT $279,900 2 2.1 1846 ATTACHD 1-3PM
37 BLOCH TER $314,500 3 2.1 1972 ATTACHD 1-3PM
65 GREENRIDGE CT $319,000 2 2 1314 ATTACHD 1-3PM
466 5TH ST $339,900 2 1.1 1092 ATTACHD 1-3PM
5160 TUALATA LN $339,900 3 2 1470 DETACHD 1:30-3:30PM
4971 SUNTREE LN $378,000 3 2.1 1911 DETACHD 1-4PM
692 2ND ST $379,000 3 1 1700 DETACHD 1-3PM
18651 DON LEE WAY $384,900 4 2 1630 DETACHD 1-3PM
1641 ASH ST $419,950 4 3 2825 DETACHD 1-3PM
17681 LEAFY LN $449,000 4 3 2242 DETACHD 12-2PM
17640 TREETOP WAY $498,900 4 3 2718 DETACHD 1-3PM
19319 SW DOGWOOD CT $519,900 5 2.1 3105 DETACHD 1-5PM
19415 SW DOGWOOD CT $529,900 5 3 3517 DETACHD 1-5PM
1060 UPPER DEVON LN $539,000 3 2.1 2400 DETACHD 2-4PM
2 MORNINGVIEW CIR $549,000 3 2.1 2954 DETACHD 1-3PM
19451 SW DOGWOOD CT $559,900 6 3 3547 DETACHD 1-5PM
4 INDEPENDENCE AVE $564,900 4 3.1 3482 DETACHD 2-4PM
5722 CHARLES CIR $569,900 4 2.1 2674 DETACHD 2-4PM
19245 SW MEGLY CT $584,900 5 3 3490 DETACHD 1-5PM
13265 FOX RUN $680,000 3 2.2 2614 DETACHD 1-3PM
17110 LOWENBERG TER $799,000 4 2.1 2732 DETACHD 3-5PM
144 LEONARD ST $799,000 4 3.1 3451 DETACHD 11-1PM
3030 WESTVIEW CT $824,000 4 2.1 3415 DETACHD 11-1PM
17288 LOWENBERG TER $829,900 4 3.1 3467 DETACHD 3-5PM
17154 LOWENBERG TER $842,900 5 3.1 3476 DETACHD 3-5PM
444 6TH ST $899,000 4 4.1 4541 DETACHD 2-4PM
18222 SIENA DR $1,088,000 6 4.1 3800 DETACHD 1-3PM
18209 SIENA DR $1,178,950 5 3.1 3839 DETACHD 1-3PM
18143 SIENA DR $1,197,000 5 4.1 4152 DETACHD 1-3PM
1808 RIDGE POINTE DR $1,269,000 5 4.1 4155 DETACHD 1-3PM
18246 BELLA TERRA DR $1,294,000 4 3.1 4196 DETACHD 1-3PM
3151 DOUGLAS CIR $1,349,000 5 4.2 4400 DETACHD 1-4PM
4700 SW DOGWOOD DR $1,499,900 5 3.1 5401 DETACHD 2:30-4PM
2572 GLEN EAGLES PL $2,185,000 5 4.2 6490 DETACHD 1-3PM
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Open Houses for Sunday, June 20th, 2010

For your Father’s Day enjoyment, there will be 17 Open Houses here in Lake Oswego:

Address List Price Year Built # BR # BTHS Prop Type Open
44 EAGLE CREST DR $99,900 1979 2 1 CONDO 1 to 4
12847 SW 61ST AVE $304,950 1977 3 2 DETACHD 1 to 4
37 BLOCH TER $314,500 1972 3 2 +.5 ATTACHD 1 to 3
17683 ARBOR LN $339,900 1978 3 2 DETACHD 1 to 3
95 TANGLEWOOD DR $429,900 1972 4 3 DETACHD 1 to 4
13455 AUBURN CT $440,000 2005 3 2 + .5 ATTACHD 11:30 to 2
19319 SW DOGWOOD CT $519,900 2010 5 2 + .5 DETACHD 12 to 5
19415 SW DOGWOOD CT $539,900 2010 5 3 DETACHD 12 to 5
19451 SW DOGWOOD CT 559900 2010 6 3 DETACHD 12 to 5
19245 SW MEGLY CT 584900 2010 5 3 DETACHD 12 to 5
19101 INDIAN CREEK AVE 599900 1972 2 2 + .5 DETACHD 12 to 3
18222 SIENA DR 1088000 2010 6 4 + .5 DETACHD 2:30 to 4:30
18209 SIENA DR 1178950 2009 5 3 + .5 DETACHD 2:30 to 4:30
18143 SIENA DR 1197000 2009 5 4 + .5 DETACHD 2:30 to 4:30
1808 RIDGE POINTE DR 1269000 2010 5 4 + .5 DETACHD 2:30 to 4:30
18246 BELLA TERRA DR 1294000 2009 4 3 + .5 DETACHD 2:30 to 4:30
2569 GLEN EAGLES PL 1349000 2010 5 4 +.5+.5 DETACHD 1 to 4
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Market Activity Report ~ June 7 – 13, 2010

There were a whopping 22 New properties entering the market, 14 going to Pending status, and 16 Sold during last week’s Monday – Sunday period according to RMLS.

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

NEWLY LISTED (June 7—13, 2010)

Address List Price Prop Type # Beds # Baths Total SF List Date
6447 MCEWAN RD $209,900 DETACHD 2 1 912 6/7/2010
65 GREENRIDGE CT $319,000 CONDO 2 2 1314 6/10/2010
17845 SARAH HILL LN $417,000 DETACHD 4 2.1 2970 6/9/2010
1646 DEVON LN $424,500 DETACHD 4 2.1 2130 6/11/2010
95 TANGLEWOOD DR $429,900 DETACHD 4 3 2285 6/10/2010
17778 MARYLCREEK DR $459,900 DETACHD 3 2.1 2741 6/11/2010
1899 WOODLAND TER $500,000 DETACHD 5 3.1 3031 6/10/2010
19319 SW DOGWOOD CT $519,900 DETACHD 5 2.1 3105 6/8/2010
4089 MELISSA DR $524,900 DETACHD 4 2.1 2710 6/8/2010
1885 CREST DR $549,000 DETACHD 4 2 2120 6/10/2010
2 MORNINGVIEW CIR $549,000 DETACHD 3 2.1 2954 6/9/2010
5758 CHARLES CIR $549,900 DETACHD 3 2 2371 6/10/2010
10 SCARBOROUGH DR $575,000 DETACHD 4 3 3537 6/7/2010
18263 ANDUIN TER $625,000 DETACHD 4 3 3100 6/8/2010
2415 PARK RD $749,900 ATTACHD 4 2.2 2581 6/13/2010
5287 LANGFORD LN $750,000 DETACHD 3 2.1 2972 6/8/2010
658 1ST ST $795,000 DETACHD 4 2.1 3359 6/7/2010
17884 KELOK RD $898,500 DETACHD 4 3.1 4124 6/7/2010
3155 DOUGLAS CIR $985,000 DETACHD 5 3.2 4517 6/9/2010
19460 EASTSIDE RD $995,000 DETACHD 4 3.2 4521 6/10/2010
1715 EDGECLIFF TER $1,730,000 DETACHD 4 4.1 4929 6/11/2010
3328 LAKEVIEW BLVD $3,750,000 DETACHD 5 5.2 6675 6/7/2010

PENDING SALES (June 7-13, 2010)

Address List Price Prop Type # Beds # Baths Total SF CDOM
100 KERR PKWY $59,900 CONDO 1 1 617 131
3433 MCNARY PKWY $125,000 CONDO 2 2.1 1136 25
1018 HEMLOCK ST $349,900 DETACHD 4 2 1950 8
5275 ROSEWOOD ST $359,000 DETACHD 4 2.1 2096 36
2104 WEMBLEY PARK RD $429,900 DETACHD 4 3 2052 102
18238 TAMAWAY DR $479,000 DETACHD 5 3 5504 110
13 WINDSOR CT $495,000 DETACHD 3 2 2212 19
3188 S GLENMORRIE DR $519,750 DETACHD 3 3 3066 35
14158 KIMBERLY CIR $530,000 DETACHD 5 3 3648 40
15422 BOONES WAY $698,900 ATTACHD 4 2.1 2586 645
17281 LOWENBERG TER $839,900 DETACHD 4 3.1 3709 494
1592 BAY VIEW LN $859,000 DETACHD 4 4.1 4087 87
17281 KELOK RD $1,195,000 DETACHD 3 3 2682 265
3114 DOUGLAS CIR $1,350,000 DETACHD 4 4 55420 577

SOLD (June 7-13, 2010)

Address List Price Prop Type # Beds Total Baths Total SF CDOM
100 KERR PKWY $77,500 CONDO 2 1.1 823 66
38 CERVANTES CIR $99,900 CONDO 2 1.1 912 230
287 CERVANTES $195,000 CONDO 3 1.1 1144 67
18420 DON LEE WAY $210,000 DETACHD 3 1 924 25
2320 GLEN HAVEN RD $279,900 DETACHD 3 1.1 1346 54
1559 WORTHINGTON ST $349,900 DETACHD 4 2 2016 43
18640 TUALATA AVE $349,900 DETACHD 4 3 2076 77
25 CHURCHILL DOWNS $385,000 DETACHD 4 3 2195 0
827 5TH ST $425,000 DETACHD 3 2 2124 86
1025 C AVE $408,950 DETACHD 3 2 2261 371
1436 GREENTREE CIR $474,000 DETACHD 4 2 3072 10
1055 COUNTRY CLUB RD $449,000 DETACHD 2 2 2528 8
17622 BROOKHURST DR $493,000 DETACHD 3 2.1 2909 42
561 2ND ST $589,000 CONDO 2 2 1561 67
13278 ROGERS RD $695,000 DETACHD 3 2.1 2964 177
2557 SOUTHSHORE BLVD $1,690,000 DETACHD 3 3.2 3604 299

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 ~ All About Loans ~ (well.. maybe not ALL : )

  • How Long Will It Take to Close? This is an important question and factor in structuring your Offer and making plans around the Purchase of a new residence.  You are lining up dominoes, and you want to know!  Well,  if you are selling your home to purchase the new one, then you are timing your own Sale’s closing date with the move-in/close of your Purchase.  It used to be fairly standard to achieve a closing in around 30 days.  What you need to know is that when you write this into the Offer, it becomes a “Time Is Of The Essence” feature of your contract (An accepted Offer is a contract… and that’s a legal term for: “You must meet this date.”).  That means you need to be pretty sure you are going to be able to meet that time line, as it is contractual.The lender requires time to gather information, order & analyze your appraisal, successfully navigate underwriting, and draw up your documents.                                                                                                                                                                                                                        Are closing dates often extended? Yes. Does the Seller have to agree to extend you additional time beyond the “on or before” closing date set in your Offer? No. Now, most parties want the transaction to go forward, and so often agreement to do this is reached, but it is very important for you to know that your Earnest Money is in play…  and should, let’s say, the Seller have another Buyer who has approached them during your transaction and, perhaps said “Hey, it’s too bad you sold your house to those Buyers because I really want it and I’d give you more money for it!”  Hmmm… Would there be incentive for the Seller to perhaps be awarded your Earnest Money because you failed to “perform” per the stipulations of the contract?  I’ll leave that for you to answer.  Just remember- With the new RESPA guidelines that lenders must follow, there is potentially more time that needs to be built into the process, so instead of 30 days, it is prudent to allow around 45 days.
  • Rates: They are under 5% now for a 30-year fixed.  We all know prices are down… Good combination eh?         – More Detail: “Recent Employment data which fell short of Wall Street forecasts and uncertainty about the pace of the economic recovery caused investors to shift to relatively safer assets, including government insured mortgage-backed securities.  This plus economic data indicating extremely low inflation resulted in declining mortgage rates over the last few weeks.”  (Thanks to Pat Goodell from Academy Mortgage for this update.)

  • USDA Loans: Though these are back in the running now with funds having been declared available for Rural Home Loans,  most investors haven’t given the “go ahead” to lenders to begin issuing commitments and closing those loans yet.  We are told the details should be worked out shortly though, so get ready for this 100% financing option to re-enter the scene!
  • Do you know how many people are involved in a real estate transaction (minimum)? The answer is 13+ .  Here’s the Breakdown (thanks to Naida Paris of Valley Mortgage for this!):   Listing Agent, Selling Agent, Seller (s), Buyer (s), Loan Officer, Loan Processor, Underwriter, Document Drawer/Funder, Escrow Officer, Title Officer, Inspector (s), Insurance Agent, and Appraiser.
  • FHA is going to be dropping the amount a Seller can pay toward a Buyer’s closing costs, but the outlook for that to take effect is 2011.  So, for now you can still take advantage of the current rule which is that a Seller can contribute 6% toward a Buyer’s closing costs.  You’ll want to talk w/your Realtor & Lender about how much the closing costs will come to prior to writing this into the offer, however.
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Market Activity for May 31 to June 6, 2010

Last week found 16 new listings, 13 pending sales, and 7 closed sales. I would have to say that it was a bit of a celebration week for many of the sellers who closed transactions. This group of homes included quite a few that had been on the market for an extremely long time. It is good that they were sold, finally. And the closed selling prices were certainly reflective of the new reality with values. I feel that is further reflected in the pricing with the new listings, many of which look to be really good values.

Here is last week’s report: (see below the tables for additional notes):

NEWLY LISTED (May 32-June 6, 2010)

Address List Price Year Built Total SF Prop Type BR & BTH
37 CRESTFIELD CT $94,900 1980 923 CONDO 2 & 1
200 BURNHAM RD $219,000 1966 1,173 CONDO 2 & 2
74 GREENRIDGE CT $289,900 1973 2,868 ATTACHD 3 & 2.5
37 BLOCH TER $314,500 1972 1,972 ATTACHD 3 & 2.5
19431 TUALAMERE AVE $334,000 1964 1,308 DETACHD 3 & 1.5
16725 CARNEGIE AVE $335,000 1968 2,134 DETACHD 3 & 2
1018 HEMLOCK ST $349,900 1965 1,950 DETACHD 4 & 2
1621 LARCH ST $399,900 1971 3,040 DETACHD 3 & 2.5
17387 CANYON DR 479000 1966 1,955 DETACHD 3 & 2.5
1740 YARMOUTH CIR 550000 1985 1,960 DETACHD 2 & 2.5
4 INDEPENDENCE AVE 564900 1969 3,482 DETACHD 4 & 3.5
13596 STREAMSIDE DR 649999 1989 3,430 DETACHD 3 & 2.5
712 LAKE FOREST DR 665000 1949 1,640 DETACHD 2 & 2
15725 TARA PL 665000 2006 3,372 DETACHD 4 & 2.5
14370 PFEIFER DR 669000 1993 3,318 DETACHD 3 & 2.5
144 LEONARD ST 799000 2004 3,451 DETACHD 3 & 1.5+.5

PENDING SALES (May 31-June 6, 2010)

Address List Price Year Built Total SF Prop Type BR & BTH
34 CONDOLEA DR $219,000 1978 1,420 CONDO 2 & 2
12 POLONIUS ST $246,600 1971 3,275 DETACHD 4 & 2.5
4236 HARVEY WAY $359,000 1979 1,870 DETACHD 3 & 2.5
15580 PARTRIDGE DR $360,000 1989 2,245 DETACHD 3 & 2.5
2031 LILLI LN $499,000 1968 3,262 DETACHD 3 & 3.5
17471 CARDINAL DR $545,000 1973 3,056 DETACHD 4 & 2.5
13460 SNOWBERRY CT $564,000 1989 3,327 DETACHD 3 & 2.5
731 F AVE $699,900 1998 2,668 DETACHD 4 & 2.5
331 CHANDLER PL 810000 1962 2,428 DETACHD 4 & 2.5
1580 BONNIEBRAE DR 849000 1972 3,800 DETACHD 4 & 3
3820 SOUTHSHORE BLVD 925000 2008 4,855 DETACHD 5 & 4
3140 DOUGLAS CIR 950000 2004 4,310 DETACHD 4& 3.5
1340 CHERRY LN 1348888 2007 5,922 DETACHD 4 &4.5+.5

SOLD (May 31-June 6, 2010)

Address Closed Price Original Price Year Built Total SF Prop Type CDOM
775 BOCA RATAN DR $155,000 $204,750 1975 2,401 DETACHD 249
200 BURNHAM RD $168,000 $298,850 1962 1,328 CONDO 942
1597 BONNIEBRAE DR $180,000 $230,000 1969 998 ATTACHD 261
1640 WORTHINGTON ST $338,900 $515,000 1961 2,394 DETACHD 473
3075 ROYCE WAY $392,000 $699,850 1975 3,667 DETACHD 577
2109 WEMBLEY PARK RD $640,000 $649,900 1955 3,129 DETACHD 2
17540 RIDGEVIEW LN $1,025,000 $1,350,000 2006 4,345 DETACHD 316

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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Open Houses in LO for Sunday June 6th, 2010

There will be 27 open houses in Lake Oswego this Sunday (according to the RMLS). We are actually getting a break in the rain this weekend, so it should be a nice afternoon for touring the town and seeing some beautiful homes.

Address List Price Year Built BR BTH Prop Type Open
1400 BONNIEBRAE DR $183,500 1969 2 1 ATTACHD 1 to 4
4490 LAKEVIEW BLVD $325,000 1955 3 2 DETACHD 12 to 2
14433 HOLLY SPRINGS RD $364,950 1998 4 2 + .5 DETACHD 1 to 3
4971 SUNTREE LN $378,000 1988 3 2 + .5 DETACHD 1 to 4
2697 LOOKOUT CT $429,000 1972 3 2 DETACHD 10 to 11:30
950 LAKE FRONT RD $439,000 1975 3 2 + .5 DETACHD 12 to 2
13340 AUBURN CT $450,000 2005 3 2 + .5 ATTACHD 2 to 4
5475 WILLOW CT $474,900 2008 3 2 + .5 ATTACHD 1 to 3
17802 HILLSIDE WAY 475000 1974 4 2 + .5 DETACHD 1 to 4
975 SOUTHSHORE BLVD 479900 1990 3 2 + .5 DETACHD 1 to 3
9 WESTMINSTER DR 519000 1976 5 2 + .5 DETACHD 1 to 3
5678 CHARLES CIR 525000 1985 3 4 DETACHD 1 to 4
19415 SW DOGWOOD CT 539900 2010 5 3 DETACHD 1 to 5
363 6TH ST 549900 2009 2 3 + .5 ATTACHD 1 to 4
4 INDEPENDENCE AVE 564900 1969 4 3 + .5 DETACHD 1 to 3
17769 OVERLOOK CIR 579900 1966 5 3 + .5 DETACHD 1 to 3
4184 SUNSET DR 589000 1965 6 3 DETACHD 1 to 3
13265 FOX RUN 680000 1984 3 2 + .5 + .5 DETACHD 1 to 3
12439 SW 22ND AVE 899900 2004 4 3 + .5 DETACHD 2 to 4
18222 SIENA DR 1088000 2010 6 4 + .5 DETACHD 12 to 2
18020 SKYLAND CIR 1098000 1972 4 3 + .5 DETACHD 1 to 4
18209 SIENA DR 1178950 2009 5 3 + .5 DETACHD 12 to 2
18143 SIENA DR 1197000 2009 5 4 + .5 DETACHD 12 to 2
1808 RIDGE POINTE DR 1269000 2010 5 4 + .5 DETACHD 12 to 2
18246 BELLA TERRA DR 1294000 2009 4 3 + .5 DETACHD 12 to 2
3118 DOUGLAS CIR 1440000 2007 3 2 + .5 DETACHD 12:30 to 3
4700 SW DOGWOOD DR 1499900 2005 5 3 + .5 DETACHD 2:20 to 4