Tag: pending sales

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News & Notes ~ Happenings & Market Data

  • Oswego-LakeDuring the period of May 15th and August 31st, Lake Oswego Police will be conducting undercover operations using decoys to determine whether establishments are serving alcohol to underage individuals.  Lake Oswego is being proactive in implementing this program to circumvent alcohol-related incidents involving minors in Lake Oswego.  According to the Dept of Health & Human Services and the Center for Disease Control and Prevention: Underage alcohol use is a major public health problem. Alcohol is the most commonly used drug in the United States, more than tobacco and illicit drugs, and is responsible for 4,700 deaths of underage persons annually.
  • The 37th Annual “Lake Run” will be held in Lake Oswego on Saturday, May 11th. There will be a kids dash, a 5k for walkers or runners, and a 10k challenge with an “improved new route”.  This event draws thousands every year.  Come enjoy the fun in Millenium Plaza Park with entertainment, lots of great food, and exposition booths.  For more information CLICK HERE.
  • The 2013 Community Survey results show, among other things, that:

* Overall, residents rate the city 8.6 on a 10-point scale, so satisfaction is high as “a place to live”.

* Residents let their “grade” for satisfaction with local government slip to 3.3 on a 5-point scale.  (This is down .1 since 2010, and .5 since 2005)

* 52%, a majority, agree that the city makes efficient use of tax dollars.

* As for the most popular sources of information, 63% of Lake Oswego residents get their information from the Lake Oswego Review and 58% from the Hello LO newsletter among other publications.

* For the detailed report CLICK HERE.

  • Here is a bit of data illustrating how Lake Oswego compares in context with the larger Portland market (you may want to zoom… sorry for the small-ish image…. interesting though, eh?):

Portland May 2013

***Note that Appreciation is based on a comparison of the rolling average sale price for the last 12 months (4/1/12-3/31/13) with the 12 months prior (4/1/11-3/31/12). Days on Market is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, DOM continues to accrue; however, it does not include the time that it was off the market

 

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Market Activity April 29-May 5, 2013

I’ve got to say that real estate has become fun again. It is so nice to have happy people to work with and all of this gorgeous spring weather. Buyers are happy because prices are good and interest rates are low. Sellers are happy because their homes are selling quickly at and above the list price. All the way around it’s a win/win.

Last week in Lake Oswego there were 19 new listings, 34 pending sales, and 21 closed sales.

Here are further details regarding last week’s Market Activity, according to RMLS:

NEW SALES (Apr 29-May 5, 2013):

Address Type Price BR Bths SF
5225 Jean Rd #401 Condo $169,900 2 2 1080
16250 Pacific Hwy #45 Condo $195,000 2 2 1311
13 Erasmus St Attached $234,900 2 2.5 1256
4260 Southshore Blvd Detached $319,000 2 2 1268
1425 Greentree Circle Detached $339,000 3 2 1809
1407 Greentree Circle Detached $459,000 4 2.5 2201
14360 Uplands Dr Detached $468,000 4 2.5 2943
805 Hemlock St Detached $474,900 4 3 2491
303 Lake Bay Ct Detached $485,000 3 2.5 1560
2188 Overlook Dr Detached $499,900 4 2.5 2618
15964 Parker Rd Detached $549,900 3 2.5 2936
4846 Lower Dr Detached $589,900 5 4 2650
4311 Orchard Way Detached $614,000 3 2.5 2804
4850 Lower Dr Detached $624,900 4 3 2611
17151 Wall St Detached $675,000 5 4 4141
13680 Knaus Rd Detached $799,000 3 2.5 3006
4540 Lamont Way Detached $949,950 4 2.5 3555
2240 Summit Ct Detached $2,595,000 3 3.5 5036
1719 Lake Front Rd Detached $3,399,000 4 5.5 5251

PENDING SALES (Apr 29-May 5, 2013)

Address Type Price BR Baths SF DOM
4 Touchstone #68 Condo $112,500 2 2 984 6
45 Eagle Crest #305 Condo $124,700 2 1.5 1056 44
1127 Cedar St Detached $219,000 1 1 1070 37
16164 Parker Rd Detached $219,900 3 1 1080 282
5333 Tree St Detached $259,500 3 1 1114 2
14854 Twin Fir Rd Detached $297,500 3 2 1287 13
102 Kingsgate Rd Detached $305,000 3 2.5 1727 3
14 Polonius Detached $329,900 4 4 2828 10
13901 Sundeleaf Dr Detached $359,900 4 3 1900 103
1297 Hide A Way Detached $367,500 3 2.5 1832 3
1651 Larch ST Detached $369,900 4 3 2225 3
1257 Hallinan Circle Detached $375,000 4 2.5 2548 2
2510 Park Rd Detached $395,000 3 2.5 1960 0
3554 Tempest Dr Detached $399,000 3 2.5 2279 3
18962 Terry Ave Detached $412,500 4 2 1860 6
17438 Cardinal Dr Detached $420,000 4 2.5 2286 29
22 Othello St Detached $429,900 3 2.5 2168 3
4914 Mulholland Dr Attached $439,900 3 2.5 2500 2
6132 Summer Woods Detached $515,000 4 2.5 2811 3
4007 Bass Ln Detached $517,900 4 3 2701 46
13658 Shireva Dr Detached $549,900 3 3 3502 31
720 Maple St Detached $619,000 3 2.5 3966 483
108 3rd St Detached $625,000 1 1 1017 363
320 Berwick Rd Detached $649,000 3 2 2780 2
17363 Grandview Ct Detached $649,900 3 3.5 4218 89
1579 Bay View Ln Detached $659,698 4 3 4685 133
13554 Peters Rd Detached $709,000 3 3 3036 90
2860 Upper Dr Detached $748,500 4 3.5 3938 101
940 Cumberland Rd Detached $799,000 4 3 3062 71
2371 Palisades Crest Dr Detached $849,000 4 3 4182 2
4245 Westbay Rd Detached $949,000 3 2 1966 9
13728 Knaus Rd Detached $1,025,000 4 3.5+.5 4041 2
1075 Chandler Rd Detached $1,495,000 5 4.5 5710 21
907 Terrace Dr Detached $1,795,000 4 4.5+.5+.5 6919 572

SOLD (Apr 29-May 5, 2013)

Address Type List Price Closed Price Sq Ft CDOM
5831 Seville Ave Detached $185,000 $170,000 1320 126
5053 Foothills Dr H Condo $200,000 $191,200 1252 8
5020 Lakeview Blvd Detached $239,900 $242,900 1192 1
1287 Boca Ratan Dr Condo $275,000 $275,000 1,611 63
12439 Orchard Hill Rd Detached $345,000 $345,000 1513 2
2593 Greentree Rd Detached $359,900 $359,900 2215 7
1621 Larch St Detached $395,000 $362,000 3040 138
29 Partridge Ln Detached $419,000 $397,300 3109 228
5099 Galen St Detached $429,500 $429,500 2246 3
16621 Graef Circle Detached $499,500 $437,500 2170 21
18895 Indian Springs Rd Detached $439,000 $444,000 2860 20
17125 Warren Ct Detached $489,900 $482,750 2705 5
5450 Bay Creek Dr Detached $525,000 $520,000 2386 5
16792 Quail Ct Detached $562,950 $535,500 3050 163
1492 Glenmorrie Dr Detached $569,000 $549,000 4096 174
4767 Dogwood Dr Detached $769,900 $660,000 3964 495
2088 Lilli Ln Detached $675,000 $665,000 4101 16
3300 River Woods Pl Detached $759,000 $755,000 3642 2
4311 Haven St Detached $864,000 $868,000 3816 16
1000 Upper Devon Ln Detached $995,000 $870,000 3535 472
2057 Summit Dr Detached $995,000 $975,000 4589 170

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 ~ Apr 22-28, 2013

Lots of steady activity during the last 7 days in Lake Oswego with 20 New properties listed, 23 going to Pending status, and 11 Sold.

Here are further details regarding last week’s Market Activity according to RMLS:

NEW SALES (Apr 22-28, 2013):

Address List Price # Beds # Baths Total SF Prop Type
4 TOUCHSTONE #68 $112,500 2 2 984 CONDO
4043 JEFFERSON PKWY $165,000 2 2.1 1182 CONDO
5225 JEAN RD #306 $170,000 2 2 1400 ATTACHD
482 S STATE ST #3B $195,900 2 1 1659 CONDO
1755 KILKENNY RD $275,000 3 1 1725 DETACHD
5895 BURMA RD $334,900 4 2.1 1781 DETACHD
1685 MAPLELEAF RD $349,900 3 2 1426 DETACHD
536 2ND ST $379,000 2 2.1 1394 CONDO
15540 PARTRIDGE DR $419,900 4 3 2203 DETACHD
4914 MULHOLLAND DR $439,900 3 2.1 2500 ATTACHD
4956 GALEN ST $474,045 4 2.1 2391 DETACHD
20 WALKING WOODS DR $475,000 5 3 3144 DETACHD
6132 SUMMER WOODS $515,000 4 2.1 2811 DETACHD
18183 WESTMINSTER DR $558,000 3 2.1 3066 DETACHD
13005 ROGERS RD $569,900 3 2.2 2917 DETACHD
5555 FIELDSTONE CT $589,500 3 2.1 2664 DETACHD
14146 EDENBERRY DR $725,000 4 2.1 3100 DETACHD
4245 WESTBAY RD $949,000 3 2 1966 DETACHD
2965 TOLKIEN LN $949,800 4 3 4337 DETACHD
16818 ALDER CIR $1,295,000 3 2 1674 DETACHD

PENDING SALES (Apr 22-28, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
208 RIDGEWAY RD $135,500 1 1 778 CONDO 48
4075 JEFFERSON PKWY #18 $172,500 2 2.1 1182 CONDO 4
3 PHEASANT RUN $224,900 3 2.1 1360 DETACHD 2
16250 PACIFIC HWY #64 $225,000 2 2 1305 CONDO 3
5881 FERNBROOK CIR $254,900 4 1 1416 DETACHD 11
52 GREENRIDGE CT $275,000 3 2.1 2524 ATTACHD 7
5686 WASHINGTON CT $310,000 2 2 1342 DETACHD 9
18917 REDWING WAY $324,900 3 1.1 1440 DETACHD 3
5753 WINDFIELD LOOP $330,000 3 2 1503 DETACHD 3
3192 DUNCAN DR $362,900 5 2.1 3139 DETACHD 406
821 EVERGREEN RD $394,900 2 1 920 DETACHD 10
4241 CHAPMAN WAY $399,000 4 2.1 2440 DETACHD 277
14466 HOLLY SPRINGS RD $425,000 5 3 2238 DETACHD 9
731 SUNNY HILL DR $439,698 3 2 2396 DETACHD 16
5498 ROYAL OAKS DR $550,000 4 2.1 2646 DETACHD 13
5711 VICTORIA CT $550,000 4 2.1 2768 DETACHD 61
828 ELLIS AVE $599,000 3 2 2145 DETACHD 1
5570 KILCHURN AVE $649,900 4 2.1 2931 DETACHD 5
2002 CEDAR CT $659,000 3 2 2945 DETACHD 4
5218 WESTFIELD CT $665,900 4 2.1 3107 DETACHD 22
13430 ATWATER LN $695,000 4 3 3557 DETACHD 6
1541 MAPLE ST $699,900 4 4 3215 DETACHD 4
3933 EDENS EDGE DR $995,000 4 3.1 4210 DETACHD 0

SOLD (Apr 22-28, 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
67 N CONDOLEA TER $300,000 $275,000 3 3 2373 CONDO 35
2550 GREENTREE RD $404,900 $330,000 4 3 2852 DETACHD 160
1674 FIRCREST DR $339,900 $349,900 4 2 1998 DETACHD 54
979 DEVON LN $385,000 $380,000 3 3.1 2162 DETACHD 243
2010 GREENTREE RD $420,000 $442,000 4 2.1 2330 DETACHD 4
14336 CAMDEN LN $432,500 $450,000 4 2.1 2398 DETACHD 2
17702 OVERLOOK CIR $465,900 $460,900 5 2.1 3490 DETACHD 32
17560 WESTVIEW DR $469,900 $469,900 3 2.1 2561 DETACHD 0
13282 BOONES FERRY RD $585,000 $568,000 4 2.1 3267 DETACHD 262
2415 PARK RD $609,000 $570,000 4 2.2 2581 DETACHD 285
1465 MORNING SKY CT $815,000 $805,000 5 3.1 4678 DETACHD 160

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 ~ April 28, 2013

There are 15 beautiful homes for you to tour this gorgeous, Lake Oswego Sunday according to RMLS.

Enjoy!

Address L/Price # Beds # Baths Total SF Prop Type Open
825 OAK ST $359,000 3 2 1350 DETACHD 1-3PM
14414 ORCHARD SPRINGS RD $379,900 3 2.1 1890 DETACHD 1-4PM
15540 PARTRIDGE DR $419,900 4 3 2203 DETACHD 1-3PM
8 HOTSPUR ST $450,000 3 2.1 1954 DETACHD 1-4PM
13658 SHIREVA DR $549,900 3 3 3502 DETACHD 12-3PM
5555 FIELDSTONE CT $589,500 3 2.1 2664 DETACHD 1-3PM
4137 ORCHARD WAY $599,900 5 2.1 3329 DETACHD 1-3PM
3130 WESTVIEW CT $649,000 4 3.1 3900 DETACHD 1-4PM
18460 RAY RIDGE DR $650,000 3 2.1 3241 DETACHD 1-3 PM
14350 MEADOW GRASS ST $674,900 4 3 3329 DETACHD 1-4PM
13430 ATWATER LN $695,000 4 3 3557 DETACHD 2-4PM
4912 FIRWOOD RD $949,888 4 4 7640 DETACHD 1-3PM
5320 CHILDS RD $989,400 5 3 4539 DETACHD 1-3PM
448 COUNTRY CLUB RD $1,595,000 4 3.1 4873 DETACHD 2-4PM
112 NORTHSHORE CIR $1,600,000 3 3.1 3632 DETACHD 11AM-4PM
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News & Notes – HUD Properties

HUD HomeWe’ve talked with you in the past about distressed property sales, and given you some tips on buying these unique homes; the  difference between short sales and  foreclosures, what to look out for etc.  Today I want to talk with you a bit about HUD properties.

HUD stands for “Housing and Urban Development”, as most of you know. You will sometimes see a foreclosure referred to as a “HUD Property”.  What this means is that, unlike a run-of-the-mill REO (bank-owned) property, in this instance, the home had an FHA loan that was defaulted upon. When this happens, a bank carrying the loan would file a claim with HUD.  Then HUD ends up with the property.

When you decide that you want to make an offer on a HUD property, it is wise to go in armed with some basic information.

  • First of all, your Realtor will want to check to see how long the property has been on the market.  If it has just gone on the market, you should know that the first 30 days of “bidding” are limited to Buyers who plan to live in the home, i.e. “Owner-Occupied”.  After that time elapses, if it is still on the market, it will open up for bids from “Investors” (anyone besides someone who plans to live in it falls into this category).
  • The second thing you want to do is decide whether you really want the property. If you do, then some number-crunching is in order, especially if the property has just recently gone on the market. Basically, HUD will start looking at “bids” after day 10, and these days, with the market getting more competitive, Buyers are often offering above asking price in order to compete.  Considering that the price on a HUD home is always determined by an FHA Appraisal that HUD has completed prior to listing, it might be wise to offer at least this price if the house is newly on the market, and more if you suspect there will be multiple offers. As always, discuss your options with your Realtor.
  • Speaking of this FHA Appraisal, there are significant benefits to a Buyer who secures FHA financing.  One being that the appraisal already paid for by HUD can be used, saving a Buyer $450.-$500. or more.
  • HUD homes are sold “As-Is”. Really. BUT, If you are getting an FHA loan, there are some interesting options here. If there are basic repairs they are typically noted in the FHA Appraisal, and the appraiser has already assigned a dollar-amount to each item (i.e., “needs stove”, “strap-in water heater” etc).  Taking a cap of $5,000. into consideration, these repairs can be added on to the sale price and rolled into the financing by the lender, for repairs to be completed after sale.
  • If a HUD home was built prior to 1978, and potentially has lead-based-paint, FHA will pay for a “Lead-Based Paint Stabilization Report”.  If  it is determined to have lead-based paint, however, my understanding is that the Buyer will need to do a “203-k” or “rehab”  loan in order to have the condition remediated.  Additionally, the transaction cannot “close” until the remediation paint job is approved by HUD. Discuss these potentialities with your lender rep prior to embarking down the path, so that you are prepared with “Plan B” should you end up in this situation.
  • When you have your Realtor check on status/how long the home has been on the market, etc., also make sure to ask about whether the subject property is designated as eligible for the “Good Neighbor Next Door” program. If you are employed as a teacher, EMT, police officer or fire fighter AND the HUD home is one that is eligible, you may be able to end up purchasing it for 50% of what you offer.
  • Escrow rules have changed as of January 2013.  The Buyer now selects the Escrow office/company that will be handling he transaction. This is good if you or your Realtor have an escrow officer or company that you prefer, however, please note that the Buyer also has to pay ALL escrow fees, even those traditionally paid by the Seller. Talk to your Realtor about the possibility of asking for your closing costs to be paid, and whether or not this might be a good solution for you.

As always, you’ll want to choose a Realtor who understands the ins & outs, helps you determine if a HUD property is right for you, and if so, helps you navigate gracefully around potential pitfalls.

I hope that this information has been helpful.  Granted, I just touched on an overview of things you might want to take into consideration. For more information on HUD Properties, visit: www.HudHomeStore.com . There is an FAQ section there that will answer many of your questions.

 

Very Best to you!

Linda

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Market Activity April 15-21, 2013

There were some interesting things about last week’s market activity that popped out at me. First, condominium sales are picking up pretty aggressively. Several complexes that I have been following have had recent sales SIGNIFICANTLY higher in value than just a year ago. I attribute this to the fact that the foreclosures are sold and actual market value is taking over. The other trend I am noticing is houses that sat on the market, did not sell, were taken off the market a year or two ago, are now being re-listed and selling quickly.

Lake Oswego had 34 new listings last week, 26 pending sales, and 9 closed transactions.

Here are further details regarding last week’s Market Activity, according to RMLS:

NEW SALES (Apr 15-21, 2013):

Address Type Price BR Bths SF
4000 Carman Dr #60 Condo $165,000 2 2 866
4075 Jefferson Pkwy #18 Condo $172,500 2 2.5 1182
16250 Pacific Hwy #64 Condo $225,000 2 2 1305
15472 Brianne Ct Attached $239,000 2 2.5 1208
52 Greenridge Ct Attached $275,000 3 2.5 2524
14854 Twin Fir Rd Detached $297,500 3 2 1287
5686 Washington Ct Detached $310,000 2 2 1342
14 Polonius St Detached $329,900 4 4 2828
5753 Windfield Loop Detached $330,000 3 2 1503
825 Oak St Detached $359,000 3 2 1350
6173 Washington Ct Detached $370,000 2 2 1440
17521 Hill Way Detached $375,000 3 2 2283
821 Evergreen Rd Detached $394,900 2 1 920
1467 Greentree Circle Detached $420,000 3 2 1896
8 Hotspur St Detached $450,000 3 2.5 1954
5570 Kilchurn Ave Detached $649,900 4 2.5 2931
816 9th St Detached $650,000 4 3 3033
2002 Cedar Ct Detached $659,000 3 2 2945
14350 Meadow Grass St Detached $674,900 4 3 3329
13210 Deerfield Detached $679,900 4 2.5 3341
1876 Palisades Lake Ct Detached $694,900 3 2.5 3178
17450 Treetop Way Detached $695,000 4 3 3752
13100 Boones Ferry Rd Detached $695,000 3 2 2370
19201 Maree Ct Detached $749,000 5 2.5 4070
17485 Brookhurst Dr Detached $749,500 4 3.5 4550
13836 Amberwood Circle Detached $769,000 3 2.5 3985
3600 Southshore Blvd Detached $824,900 3 2.5 2117
3012 Rivendell Rd Detached $900,000 5 4.5 4607
760 7th St Detached $969,000 4 4.5 4536
SW Ash St Detached $1,200,000 4 3.5 3600
18325 Crestline Dr Detached $1,275,000 5 4 5784
17485 Cardinal Dr Detached $1,325,000 4 3.5 3406
705 Terrace Dr Detached $1,795,000 4 3.5 3686
2500 Glen Eagles Rd Detached $2,295,000 5 4.5 5565

PENDING SALES (Apr 15-21, 2013)

Address Type Price BR Baths SF DOM
4 Touchstone #152 Condo $135,000 3 2.5 1351 35
206 Oswego Summit Condo $175,000 2 2 1506 71
4417 Thunder Vista Ln Condo $179,000 2 2.5 1455 49
51 Greenridge Ct Attached $205,000 2 2 1348 10
5813 SW Kennycroft Way Detached $222,000 3 1 1182 3
5056 Foothills Dr D Condo $259,000 2 2 1252 47
72 Greenridge Ct Attached $269,000 3 3 1824 7
63 Greenridge Ct Attached $270,000 3 2 1788 1
2256 Glenmorrie Dr Detached $299,500 3 2 1628 87
769 2nd St Detached $310,000 3 1 1200 497
18903 Terry Ave Detached $339,000 3 2 1236 65
1720 Mapleleaf Rd Detached $369,000 3 2 1584 2
497 Livingood Ln Detached $375,000 3 2.5 2144 87
13242 Vermeer Dr Detached $408,000 3 2.5 2100 8
618 5th St Detached $425,000 4 2.5 2320 201
16168 Lake Forest Blvd Detached $449,900 4 3 2276 34
7 Westminster Dr Detached $499,950 5 3 2974 7
1131 Devon Ln Detached $599,900 3 3.5 3179 230
16723 Bonaire Ave Detached $619,500 4 3 2847 6
1921 Glenmorrie Ln Detached $624,000 3 3 2375 116
1579 Bay View Ln Detached $659,698 4 3 4685 117
1222 Glenmorrie Dr Detached $699,999 4 3 2875 49
19371 SW Riverwood Ln Detached $875,600 4 4.5 5048 244
1000 Upper Devon Ln Detached $895,000 4 3.5 3535 472
752 8th St Detached $969,000 4 3.5 4550 495
1075 Chandler Rd Detached $1,495,000 5 4.5 5710 5

SOLD (Apr 15-21, 2013)

Address Type List Price Closed Price Sq Ft CDOM
100 Kerr Pkwy #26 Condo $69,900 $67,000 617 32
18959 Kristi Way Detached $350,000 $350,000 1778 33
2 Sherwood Ct Detached $509,995 $405,000 3306 305
19226 Megan Pl Detached $549,500 $500,000 3,392 264
2830 Park Rd Detached $524,900 $510,000 3115 7
831 Northshore Rd Detached $800,000 $785,000 2113 348
1291 Lake Garden Ct Detached $897,500 $897,500 3254 268
661 6th St Detached $795,000 $927,738 2741 232
399 Furnace St Attached $2,150,000 $1,585,000 3664 379

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 ~ April 8-14, 2013

It’s “Nothing but up”, as far as market trends in Lake Oswego and the greater Portland area go.

Last week Lake Oswego saw 24 New properties enter the market, 26 go to Pending status, and 13 properties Sold.

Here are further details regarding last week’s Market Activity according to RMLS:

NEW SALES (Apr 8-14, 2013):

Address List Price # Beds # Baths Total SF Prop Type
200 BURNHAM RD #104 $115,000 1 1 858 CONDO
15938 QUARRY RD B-4 $149,000 2 1 991 CONDO
5881 FERNBROOK CIR $254,900 4 1 1416 DETACHD
6024 FERNBROOK CIR $349,900 3 2 1470 DETACHD
13242 VERMEER DR $408,000 3 2.1 2100 DETACHD
14466 HOLLY SPRINGS RD $425,000 5 3 2238 DETACHD
1952 PARK FOREST AVE $444,900 5 3 2856 DETACHD
14371 SHERBROOK PL $467,500 3 2.1 2550 DETACHD
6192 HARRINGTON AVE $499,000 5 3 2817 DETACHD
7 WESTMINSTER DR $499,950 5 3 2974 DETACHD
5498 ROYAL OAKS DR $550,000 4 2.1 2646 DETACHD
2360 GREENTREE RD $559,000 3 2.5 2271 DETACHD
4137 ORCHARD WAY $599,900 5 2.1 3329 DETACHD
16723 BONAIRE AVE $619,500 4 3 2847 DETACHD
18673 WESTVIEW DR $649,000 3 3 3355 DETACHD
5384 WASHINGTON CT $699,900 4 3.1 3228 DETACHD
400 IRON MOUNTAIN BLVD $765,968 4 2.1 3416 DETACHD
13677 FIELDING RD $950,000 4 3.1 4070 DETACHD
3729 ELEANOR CT $978,500 4 4.1 4061 DETACHD
455 FURNACE ST $1,170,000 4 3.1 4000 DETACHD
17600 UPPER CHERRY LN $1,190,000 4 3.1 3867 DETACHD
17226 CHAPIN WAY $1,395,000 4 3.1 4917 DETACHD
1115 LAKE FRONT RD $1,839,000 4 4 3900 DETACHD
890 Lake Shore RD $2,450,000 3 3.1 3555 DETACHD

PENDING SALES (Apr 8-14, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
41 OSWEGO SMT $95,000 1 1 764 CONDO 27
3433 MCNARY PKWY #106 $114,900 2 2 1008 CONDO 30
235 CERVANTES $119,900 2 2 1100 CONDO 44
1127 CEDAR ST $219,000 1 1 1070 DETACHD 8
12 WHEATHERSTONE $229,900 3 2.1 1692 ATTACHD 2
5860 LAKEVIEW BLVD $232,000 3 1 1435 DETACHD 33
92 WHEATHERSTONE $250,000 3 3.1 2436 CONDO 25
18816 LONGFELLOW AVE $289,900 3 1 1033 DETACHD 6
1659 OAK ST $349,900 3 2.1 1885 DETACHD 109
4241 CHAPMAN WAY $399,000 4 2.1 2440 DETACHD 264
1941 PARK FOREST CT $400,000 4 3 2800 DETACHD 291
4995 OAKRIDGE RD $450,000 4 3 2232 DETACHD 5
7 HILLSHIRE DR $499,500 5 3 2978 DETACHD 3
13437 PROVINCIAL HILL WAY $579,900 4 2.1 2833 DETACHD 38
19310 RIVERWOOD LN Lt 9W $649,900 5 4 3110 DETACHD 99
2479 PALISADES CREST DR $664,500 5 3.1 6640 DETACHD 510
5148 WOODCREST LN $665,000 5 3 3110 DETACHD 8
5218 WESTFIELD CT $665,900 4 2.1 3107 DETACHD 8
868 7TH ST $699,750 4 3 2690 DETACHD 26
1985 COUNTRY CLUB RD $699,999 5 4 3630 DETACHD 336
3315 CEDAR CT $744,000 4 3.1 3712 DETACHD 46
4190 CHAD DR $749,500 4 3.1 3756 DETACHD 18
1301 HORSESHOE CURV $795,000 3 3 2060 DETACHD 3
14393 SW AMBERWOOD CIR $820,000 5 3.1 3692 DETACHD 23
3115 Wembley Park RD $899,950 4 3.1 3600 DETACHD 523
399 Furnace ST $1,695,000 3 3.1 3664 ATTACHD 379

SOLD (Apr 8-14, 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
12623 SW BOONES FERRY RD $204,000 $242,077 2 2 1652 DETACHD 13
56 SW GREENRIDGE CT $259,000 $257,000 3 2.1 1996 CONDO 47
3190 DUNCAN DR $324,900 $308,000 3 2.1 2401 DETACHD 101
1670 FIRCREST DR $425,000 $395,000 4 3 2000 DETACHD 121
2 MOZARTEUM CT $417,000 $420,000 3 2.1 2254 DETACHD 4
600 MAPLE ST $445,500 $425,000 3 2.1 2416 DETACHD 121
3110 ROYCE WAY $460,000 $465,000 4 2.1 2732 DETACHD 9
686 SUNNY HILL DR $499,900 $480,000 4 2.1 2392 DETACHD 64
3763 TEMPEST DR $497,500 $484,000 5 2.1 2805 DETACHD 39
2227 HILLSIDE DR $495,000 $510,000 4 3 3003 DETACHD 5
18345 HEATHER ANN CT $665,000 $580,675 4 2.1 3336 DETACHD 253
13536 STREAMSIDE DR $649,000 $642,500 4 3.1 2857 DETACHD 22
3174 DOUGLAS CIR $999,000 $960,000 5 4.1 4600 DETACHD 23

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

Here is the “just-released” data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) activity:

Well, Folks… The market is definitely picking up. Just take a look at how the numbers break out below. According to the RMLS Market Action Report for the Portland Metro Area March, 2013.

  • At 1,935, Closed Sales were the best since 2007, and a 40.6% increase over Feb. 2013!
  • There were 3,002 New Listings, which is an increase of 22.4% over Feb. 2013!
  • The Average Sale Price in March was $299,000, up from $282,000 in Feb. 2013.
  • Pending Sales increased from Feb. 2013 by 23.4% to 2,628.

For our Property Blotter readers, the combined area of Lake Oswego and West Linn also reported every sales aspect improving compared to last month:

    • 435 Active Listings
    • 183 New Listings
    • 154 Pending Sales
    • 125 Closed Sales
    • An average Sale Price of $494,900.
    • Average Time on the Market: 120 Days
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Market Activity April 1-7, 2013

Last week we saw 25 New properties entering the market, 12 go to Pending status, and 10 Selling in Lake Oswego.

Here are further details regarding last week’s Market Activity:

NEW SALES (April 1-7, 2013):

Address Type Price BR Bths SF
3930 Lake Grove Ave 3B Condo $136,000 2 1 952
45 Eagle Crest Dr #119 Condo $199,900 3 2 1348
51 Greenridge Ct Attached $205,000 2 2 1348
1127 Cedar St Detached $219,000 1 1 1070
18357 Heather Ann Ct Detached $409,000 3 2 1832
1402 Parrish St Attached $425,000 3 2.5 1862
219 Hidalgo St Detached $439,000 4 3 2980
14221 Dolph Ct Detached $465,000 3 2.5 2100
732 Clara Ct Detached $499,900 4 3.5 2935
4910 Lower Dr Detached $529,900 3 2.5 2151
12723 Adrian Ct Detached $569,950 4 3 3219
13658 Shireva Dr Detached $570,000 3 3 3502
3601 Red Cedar Way Detached $629,000 4 2 2250
5148 Woodcrest Ln Detached $665,000 5 3 3110
471 Country Club Ct Detached $779,000 4 3 2962
1301 Horseshoe Curve Detached $795,000 3 3 2060
5676 Suncreek Dr Detached $819,900 4 3.5 3312
18383 Old River Dr Detached $850,000 4 4.5 4548
878 7th St Detached $889,000 4 3.5 2858
3720 Marquis Ct Detached $919,000 4 2.5+.5 4795
72 Nansen Summit Detached $1,100,000 4 3 4770
2671 Glen Eagles Rd Detached $1,130,000 3 3 2851
17282 Lake Haven Dr Detached $1,195,000 4 2.5 3664
17152 Cedar Rd Detached $1,295,000 4 2.5 3175
13764 Knaus Rd Detached $1,395,000 4 4.5 4805

PENDING SALES (April 1-7, 2013)

Address Type Price BR Baths SF DOM
3906 Carman Dr Condo $176,300 3 2.5 1354 11
1132 Cedar St Detached $199,500 3 1.5 1276 0
5053 Foothills Dr H Condo $200,000 3 2 1252 8
1240 Cedar St Detached $244,900 3 1 1044 2
17438 Cardinal Dr Detached $420,000 4 2.5 2286 5
17433 Schalit Way Detached $436,000 4 2.5 2350 2
1429 Greentree Circle Detached $445,000 4 2.5 2599 298
5624 Southwood Dr Detached $575,000 4 3 3120 6
3480 Upper Dr Detached $749,000 3 2.5 2571 17
3101 Douglas Circle Detached $1,025,000 5 4.5 4430 309
18132 Siena Dr Detached $1,089,000 4 3.5 3565 489
17225 Kelok Rd Detached $1,195,000 4 3.5 4161 474

SOLD (April 1-7, 2013)

Address Type List Price Closed Price Sq Ft CDOM
47 Eagle Crest Dr #13 Condo $89,950 $89,000 932 5
245 Cervantes Condo $110,000 $125,110 1265 10
1547 Boca Ratan Dr Attached $188,950 $175,000 1008 28
10 Summit Ridge Attached $325,000 $325,000 1642 3
4263 Harvey Way Detached $355,000 $339,000 1640 180
12 Abelard St Detached $339,000 $352,000 2344 6
13005 Princeton Ct Detached $413,000 $398,000 2294 141
2618 Palisades Crest Detached $795,000 $733,000 5169 220
786 7th St Detached $859,000 $873,895 2825 84

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 ~ March 25-31, 2013

Last week we saw 5 New properties entering the market, 19 go to Pending status, and 21 Selling in Lake Oswego.

Here are further details regarding last week’s Market Activity:

NEW SALES (Mar 25-31, 2013):

Address List Price # Beds # Baths Total SF Prop Type
22 OSWEGO SMT $109,900 1 1 764 CONDO
3906 CARMAN DR $176,300 3 2.1 1354 CONDO
5053 FOOTHILLS DR # H $200,000 3 2 1252 CONDO
32 WESTRIDGE DR $579,900 4 2.2 3653 DETACHD
5320 CHILDS RD $989,500 5 3 3700 DETACHD

PENDING SALES (Mar 25-31, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #26 $69,900 1 1 617 CONDO 32
56 SW GREENRIDGE CT $259,000 3 2.1 1996 CONDO 47
1287 BOCA RATAN DR $275,000 3 2 1611 CONDO 63
1118 OAK ST $275,000 3 1.1 1320 DETACHD 23
12439 ORCHARD HILL RD $345,000 3 2 1513 DETACHD 2
5910 SHAKESPEARE ST $355,000 4 2.1 1663 DETACHD 253
14423 ORCHARD SPRINGS RD $379,900 3 2.5 1710 DETACHD 4
23 DA VINCI ST $396,000 3 2.1 2024 DETACHD 2
15495 TANAGER DR $410,000 4 2.1 2255 DETACHD 140
18895 INDIAN SPRINGS RD $439,000 5 3 2860 DETACHD 20
4986 MULHOLLAND DR $469,900 3 2.1 2503 DETACHD 3
17560 WESTVIEW DR $469,900 3 2.1 2561 DETACHD 0
17125 WARREN CT $489,900 4 2.1 2705 DETACHD 5
4572 UPPER DR $492,488 2 2 1454 DETACHD 12
1492 GLENMORRIE DR $545,000 3 4 4096 DETACHD 174
3300 RIVER WOODS PL $759,000 3 3 3642 DETACHD 2
4311 HAVEN ST $875,000 5 4 3816 DETACHD 16
329 10TH ST $894,000 4 2.1 3647 DETACHD 175
511 6TH ST $998,000 5 3.1 4052 DETACHD 151

SOLD (Mar 25-31, 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE $115,800 $115,800 3 2.1 1351 ATTACHD 226
4394 THUNDER VISTA LN #4394 $170,000 $173,000 2 2.1 1980 CONDO 253
885 MCVEY AVE $219,900 $200,000 3 1 1292 DETACHD 45
2367 GLENMORRIE DR $275,000 $252,500 2 2 2132 DETACHD 273
15721 BOONES WAY $329,000 $322,000 3 2 1920 DETACHD 0
959 LEE ST $329,000 $329,900 3 2 2340 DETACHD 28
5324 LOWER DR $345,000 $330,000 3 2.1 2034 DETACHD 84
3269 PHYLLIS CT $339,900 $338,700 3 1.2 1711 DETACHD 4
6414 Frost ST $344,900 $339,900 3 2.1 2205 DETACHD 125
332 4th ST $399,900 $400,000 2 2.1 1731 ATTACHD 16
57 TOUCHSTONE $420,000 $420,000 4 3 2465 DETACHD 57
4909 MULHOLLAND DR $428,000 $428,000 2 2.1 2403 ATTACHD 5
13366 AUBURN CT $434,000 $433,000 3 2.1 2492 ATTACHD 82
15585 PARTRIDGE DR $449,950 $445,000 4 2.1 2604 DETACHD 274
0 SW Kenny ST $480,000 $489,000 4 3 2700 DETACHD
19592 PERCH CT $529,950 $529,950 4 2.1 2800 DETACHD 6
12926 ROGERS RD $565,000 $530,000 4 3 2776 DETACHD 13
2065 LILLI LN $695,000 $664,000 5 3.2 4112 DETACHD 116
13315 HIDDEN BAY CT $700,000 $679,138 5 2.1 3671 DETACHD 5
1255 ANDREWS RD $785,000 $770,000 6 4 4408 DETACHD 162
4033 WESTBAY RD $1,195,000 $1,115,000 4 3.1 3691 DETACHD 30

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