Along with a heat wave, Lake Oswego had 13 new listings, 11 pending sales, and 10 closed sales in the last week.
Here is your weekly update (see below the tables for additional notes):
NEWLY LISTED (August 9-15, 2010)
| Address | List Price | BR | Baths | SQ Feet | Prop Type | ||
| 16257 LAKE FOREST BLVD | $249,900 | 3 | 1 | 1,132 | DETACHD | ||
| 11 CONDOLEA DR | $415,000 | 2 | 2.5 | 2,157 | CONDO | ||
| 273 EVERGREEN RD | $499,000 | 3 | 3.5 | 1,789 | ATTACHD | ||
| 17560 WESTVIEW DR | $539,000 | 3 | 2.5 | 2,561 | DETACHD | ||
| 1625 BEDFORD CT | $549,900 | 2 | 2.5 | 2,460 | DETACHD | ||
| 29 SPINOSA | $579,900 | 3 | 2.5+.5 | 3,187 | DETACHD | ||
| 1278 HIDE A WAY LN | $599,000 | 4 | 2.5 | 2,700 | DETACHD | ||
| 1277 HIDE A WAY LN | $599,900 | 5 | 3 | 3,120 | DETACHD | ||
| 4685 UPPER DR | 600000 | 3 | 2 | 3,341 | DETACHD | ||
| 5321 AMBERWOOD CT | 729000 | 4 | 3 | 3,315 | DETACHD | ||
| 610 CABANA LN | 895000 | 3 | 2 | 1,729 | DETACHD | ||
| 4018 COHO LN | 1099000 | 4 | 4.5 | 4,777 | DETACHD | ||
| 1954 EGAN WAY | 1295000 | 3 | 2.5 | 3,748 | DETACHD |
PENDING SALES (Aug 9-15, 2010)
| Address | List Price | BR | Baths | Sq Feet | Prop Type | CDOM | ||
| 322 CERVANTES CIR | $69,900 | 2 | 1 | 832 | CONDO | 82 | ||
| 16790 LAKE FOREST BLVD | $155,000 | 2 | 1 | 780 | DETACHD | 32 | ||
| 1728 ASPEN CT | $259,900 | 3 | 2.5 | 1,852 | DETACHD | 385 | ||
| 4201 COLLINS WAY | $279,000 | 3 | 2 | 1,230 | DETACHD | 40 | ||
| 5207 COVENTRY CT | $439,000 | 3 | 2 | 1,973 | DETACHD | 12 | ||
| 19451 SW DOGWOOD CT | $539,900 | 6 | 3 | 3,547 | DETACHD | 93 | ||
| 1704 GLENMORRIE TER | $583,000 | 5 | 3 | 3,885 | DETACHD | 124 | ||
| 13768 KNAUS RD | $619,000 | 4 | 2 | 2,418 | DETACHD | 27 | ||
| 17467 WESTVIEW DR | 727900 | 4 | 3.5 | 3,774 | DETACHD | 4 | ||
| 3540 RED CEDAR WAY | 799000 | 5 | 3.5 | 4,100 | DETACHD | 177 | ||
| 606 6TH ST | 839000 | 4 | 3 | 2,988 | DETACHD | 131 |
SOLD (August 9-15, 2010)
| Address | O/Price | Sold Price | BR | Sq Feet | Prop Type | CDOM | ||
| 1255 BAYBERRY RD | $390,000 | $260,000 | 3 | 1,901 | DETACHD | 335 | ||
| 1641 ASH ST | $419,950 | $279,500 | 4 | 2,825 | DETACHD | 177 | ||
| 5434 YORKSHIRE PL | $369,900 | $385,000 | 3 | 2,335 | DETACHD | 5 | ||
| 4284 WESTBAY RD | $525,000 | $490,000 | 3 | 1,539 | DETACHD | 12 | ||
| 220 GREENWOOD RD | $599,900 | $565,000 | 4 | 2,639 | DETACHD | 573 | ||
| 18010 GIMLEY CT | $649,000 | $575,000 | 4 | 3,652 | DETACHD | 116 | ||
| 14002 TAYLORS CREST LN | $650,000 | $599,000 | 4 | 3,086 | DETACHD | 132 | ||
| 898 CORNELL ST | $759,000 | $702,000 | 3 | 3,000 | DETACHD | 390 | ||
| 1703 VILLAGE PARK LN | $789,000 | $745,000 | 3 | 3,450 | DETACHD | 156 | ||
| 18820 GREENBLUFF DR | $1,495,000 | $1,193,950 | 4 | 5,382 | DETACHD | 99 |
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
Market Activity Report ~ July 19-25, 2010
***If you experienced problems with the site last week, we apologize. It took some work but we remedied the issue and are happy to be back up and running delivering micro-local Lake Oswego real estate news and information to you! (Many thanks to Ron Ares : )
Lake Oswego had 26 New properties enter the market, 8 go to Pending status, and 5 Sold during last week’s Monday – Sunday period according to RMLS.
Here’ your weekly update (see below the tables for additional notes):
NEWLY LISTED (July 19-25, 2010)
| Address | List Price | Total SF | # Beds | # Baths | Prop Type |
| 86 KINGSGATE RD | $118,000 | 840 | 2 | 2 | CONDO |
| 45 EAGLE CREST DR | $119,900 | 768 | 1 | 1 | CONDO |
| 5060 FOOTHILLS DR | $229,950 | 1252 | 3 | 2 | CONDO |
| 5060 FOOTHILLS DR | $299,900 | 1252 | 2 | 2 | CONDO |
| 18929 INDIAN SPRINGS RD | $324,900 | 3380 | 5 | 3 | DETACHD |
| 446 5TH ST | $327,000 | 1092 | 2 | 2 | CONDO |
| 1004 CUMBERLAND PL | $449,950 | 3313 | 5 | 2 | DETACHD |
| 4908 MULHOLLAND DR | $460,000 | 2498 | 3 | 2.1 | ATTACHD |
| 2 Scarborough | $487,900 | 2751 | 4 | 3 | DETACHD |
| 1991 SW GREENTREE RD | $495,000 | 2662 | 4 | 3 | DETACHD |
| 1060 UPPER DEVON LN | $524,000 | 2400 | 3 | 2.1 | DETACHD |
| 13644 TWIN CREEK LN | $589,899 | 2758 | 4 | 2.1 | DETACHD |
| 1950 SW Green Acre LN | $594,900 | 2669 | 3 | 3.1 | DETACHD |
| 1941 SW Green Acres LN | $619,900 | 2542 | 3 | 3 | DETACHD |
| 12645 BOONES FERRY RD | $630,000 | 3036 | 4 | 2 | DETACHD |
| 920 OAK TER | $649,950 | 3467 | 4 | 2.1 | DETACHD |
| 5657 VICTORIA CT | $689,900 | 3421 | 4 | 3 | DETACHD |
| 5553 KILCHURN AVE | $699,900 | 3274 | 4 | 2.1 | DETACHD |
| 5463 DENTON DR | $799,000 | 3553 | 4 | 2.1 | DETACHD |
| 13658 PROVINCIAL HILL WAY | $799,900 | 3853 | 5 | 4 | DETACHD |
| 17392 BERGIS FARM DR | $989,950 | 4734 | 4 | 3.2 | DETACHD |
| 755 6th ST | $1,050,000 | 3973 | 4 | 3.1 | DETACHD |
| 18308 MEADOWLARK LN | $1,729,000 | 7341 | 4 | 3.3 | DETACHD |
| 3648 LAKEVIEW BLVD | $2,295,000 | 4000 | 4 | 2.1 | DETACHD |
| 17860 CRESTLINE DR | $2,650,000 | 6810 | 4 | 5.2 | DETACHD |
| 1745 SOUTHSHORE BLVD | $2,950,000 | 5545 | 4 | 4.1 | DETACHD |
PENDING SALES (July 19-25, 2010)
| Address | List Price | Total SF | # Beds | # Baths | Prop Type | CDOM |
| 139 TOUCHSTONE CT | $279,900 | 1846 | 2 | 2.1 | ATTACHD | 33 |
| 1728 ASPEN CT | $279,900 | 1852 | 3 | 2.1 | DETACHD | 362 |
| 4490 LAKEVIEW BLVD | $299,900 | 1727 | 3 | 2 | DETACHD | 90 |
| 4664 FIRWOOD RD | $349,900 | 1640 | 3 | 2 | DETACHD | 53 |
| 15860 BOONES WAY | $399,900 | 2105 | 3 | 2 | DETACHD | 81 |
| 4284 WESTBAY RD | $525,000 | 1539 | 3 | 2 | DETACHD | 12 |
| 1272 ZIVNEY LN | $597,000 | 2658 | 5 | 3 | DETACHD | 103 |
| 333 NORTHSHORE RD | $1,900,000 | 5152 | 4 | 4.1 | DETACHD | 233 |
SOLD (July 19-25, 2010)
| Address | O/Price | Close Price | Total SF | # Beds | # Baths | Prop Type | CDOM |
| 47 EAGLE CREST DR | $84,950 | $71,000 | 1009 | 2 | 1 | CONDO | 104 |
| 1601 GREENTREE RD | $340,100 | $249,900 | 2444 | 3 | 2.1 | DETACHD | 149 |
| 540 2ND ST | $410,000 | $375,000 | 1520 | 2 | 2.1 | CONDO | 869 |
| 18893 INDIAN SPRINGS CIR | $439,000 | $441,000 | 2841 | 4 | 3 | DETACHD | 3 |
| 2941 WESTVIEW CIR | $699,000 | $650,000 | 3075 | 5 | 2.1 | DETACHD | 4 |
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
Market Activity Report for July 12-18, 2010
Market Activity in Lake Oswego last week brought 29 new listings onto the market, 15 pending sales (including our featured property from last Wednesday, which received an accepted offer in just 7 days), and 11 closed sales.
Here’ your weekly update (see below the tables for additional notes):
NEWLY LISTED (July 12-18, 2010)
| Address | List Price | Sq Feet | BR | BATHS | Prop Type | ||
| 86 KINGSGATE RD | $94,900 | 924 | 2 | 2 | ATTACHD | ||
| 3952 CARMAN DR | $208,900 | 1146 | 2 | 2+.5 | CONDO | ||
| 16686 CARNEGIE AVE | $239,000 | 1734 | 4 | 2 | DETACHD | ||
| 859 F AVE | $239,900 | 1201 | 3 | 1+.5 | DETACHD | ||
| 16089 LAKE FOREST BLVD | $239,900 | 952 | 2 | 1 | DETACHD | ||
| 580 8TH ST | $255,000 | 852 | 2 | 1 | DETACHD | ||
| 17483 SCHALIT WAY | $285,000 | 1794 | 3 | 2+.5 | DETACHD | ||
| 1118 OAK ST | $319,900 | 1320 | 3 | 1+.5 | DETACHD | ||
| 15265 BOONES WAY | 324500 | 1560 | 2 | 2+.5 | ATTACHD | ||
| 15245 BOONES WAY | 325000 | 1600 | 3 | 2+.5 | ATTACHD | ||
| 17500 HILL WAY | 329900 | 1663 | 4 | 2 | DETACHD | ||
| 1070 HALLINAN | 379900 | 1653 | 3 | 1+.5 | DETACHD | ||
| 16 OTHELLO ST | 432900 | 2820 | 4 | 3 | DETACHD | ||
| 1550 BEDFORD CT | 460000 | 2250 | 3 | 2+.5 | DETACHD | ||
| 19 GROUSE TER | 489000 | 3383 | 3 | 2+.5 | DETACHD | ||
| 475 COUNTRY CLUB CT | 499000 | 1705 | 3 | 2+.5 | DETACHD | ||
| 17791 HILL WAY | 500000 | 2500 | 4 | 2+.5 | DETACHD | ||
| 942 CLARA CT | 549000 | 3123 | 4 | 2+.5 | DETACHD | ||
| 13595 KNAUS RD | 599000 | 3339 | 4 | 2+.5 | DETACHD | ||
| 173 FURNACE ST | 675000 | 2220 | 2 | 2+.5 | CONDO | ||
| 13223 DEERFIELD CT | 825000 | 4008 | 5 | 3+.5+.5 | DETACHD | ||
| 838 8th ST | 825000 | 2600 | 3 | 2+.5 | ATTACHD | ||
| 2351 PALISADES CREST DR | 949000 | 4498 | 5 | 2+.5 | DETACHD | ||
| 931 LAKE FRONT RD | 949900 | 2889 | 4 | 3+.5 | DETACHD | ||
| 18026 SKYLAND CIR | 1249000 | 4134 | 5 | 3+.5 | DETACHD | ||
| 1640 COUNTRY COMMONS | 1375000 | 5343 | 4 | 4+.5 | DETACHD | ||
| 1600 COUNTRY COMMONS | 1425000 | 5389 | 4 | 3+.5 | DETACHD | ||
| 1104 FOREST MEADOWS WAY | 1495000 | 5786 | 4 | 3+.5 | DETACHD | ||
| 1100 NORTHSHORE RD | 2650000 | 5232 | 5 | 2+.5+.5 | DETACHD |
PENDING SALES (July 12-18, 2010)
| Address | List Price | Sq Feet | BATHS | BR | Prop Type | CDOM | ||
| 5713 SW KENNY ST | $203,910 | 1296 | 2 | 3 | DETACHD | 19 | ||
| 2405 DELLWOOD DR | $357,000 | 2336 | 3 | 5 | DETACHD | 392 | ||
| 5434 YORKSHIRE PL | $369,900 | 2335 | 3 | 3 | DETACHD | 5 | ||
| 1641 ASH ST | $399,990 | 2825 | 3 | 4 | DETACHD | 177 | ||
| 13909 MAJESTIC CT | $410,000 | 3003 | 3 | 4 | DETACHD | 126 | ||
| 17670 MARYLBROOK DR | $499,000 | 3067 | 3 | 4 | DETACHD | 261 | ||
| 1301 HORSESHOE CURVE | $500,000 | 2060 | 3 | 3 | DETACHD | 5 | ||
| 16884 SUMMER PL | $524,900 | 2911 | 2.5 | 4 | DETACHD | 7 | ||
| 4524 AUBURN LN | 535000 | 2732 | 3.5 | 3 | ATTACHD | 169 | ||
| 2475 MARYLVIEW CT | 599000 | 3049 | 2.5 | 4 | DETACHD | 74 | ||
| 5783 VICTORIA CT | 599900 | 2500 | 2 | 3 | DETACHD | 21 | ||
| 18010 GIMLEY CT | 615000 | 3652 | 2.5 | 4 | DETACHD | 116 | ||
| 5529 WESTFIELD CT | 629000 | 2968 | 2.5 | 3 | DETACHD | 4 | ||
| 898 CORNELL ST | 759000 | 3000 | 2.5 | 3 | DETACHD | 390 | ||
| 95 IRON MOUNTAIN BLVD | 1595000 | 4818 | 4.5 | 5 | DETACHD | 411 |
SOLD (July 12-18, 2010)
| Address | Orig.Price | Close Price | BATH | BR | Prop Type | CDOM | ||
| 205 CERVANTES | $164,900 | $120,000 | 1.5 | 2 | CONDO | 145 | ||
| 16200 PACIFIC HWY | $297,900 | $221,500 | 2 | 2 | CONDO | 120 | ||
| 3388 EDGEMONT RD | $359,900 | $250,000 | 2.5 | 3 | DETACHD | 283 | ||
| 15580 PARTRIDGE DR | $378,000 | $350,000 | 2.5 | 3 | DETACHD | 267 | ||
| 1400 LEE ST | $475,500 | $421,500 | 3 | 4 | DETACHD | 146 | ||
| 53 D AVE | $574,900 | $425,000 | 3 | 3 | DETACHD | 518 | ||
| 5678 CHARLES CIR | $580,000 | $520,000 | 4 | 3 | DETACHD | 495 | ||
| 14158 KIMBERLY CIR | $530,000 | $530,000 | 3 | 5 | DETACHD | 40 | ||
| 1425 CHANDLER RD | $978,000 | $750,000 | 3 | 4 | DETACHD | 43 | ||
| 4912 FIRWOOD RD | $999,900 | $950,000 | 4 | 4 | DETACHD | 21 | ||
| 19000 BRYANT RD | $965,000 | $965,000 | 3.5 | 5 | DETACHD | 3 |
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 Market Activity ~ July 5-11, 2010
Lake Oswego had 23 New properties enter the market, 15 go to Pending status, and 5 Sold during last week’s Monday – Sunday period according to RMLS.
Here’ your weekly update (see below the tables for additional notes):
NEWLY LISTED (July 5-11, 2010)
| Address | List Price | Total SF | # Beds | # Baths | Prop Type |
| 17 OSWEGO SMT | $105,000 | 764 | 1 | 1 | PUD |
| 5225 JEAN RD | $198,000 | 1500 | 3 | 2 | CONDO |
| 16200 PACIFIC HWY | $204,900 | 1190 | 2 | 2 | CONDO |
| 18263 BENFIELD AVE | $209,900 | 912 | 3 | 1 | DETACHD |
| 5524 BONITA RD | $319,000 | 2752 | 3 | 1 | DETACHD |
| 14550 DORIS AVE | $349,900 | 1474 | 3 | 1.1 | DETACHD |
| 5434 YORKSHIRE PL | $369,900 | 2335 | 3 | 3 | DETACHD |
| 2000 GREENTREE RD | $379,000 | 2548 | 3 | 2.1 | DETACHD |
| 2 BARTOK PL | $395,000 | 2332 | 4 | 2.5 | DETACHD |
| 762 LAKE FOREST DR | $454,000 | 2400 | 4 | 3 | DETACHD |
| 17760 OVERLOOK CIR | $476,500 | 2357 | 4 | 3 | DETACHD |
| 4284 WESTBAY RD | $525,000 | 1539 | 3 | 2 | DETACHD |
| 15 SCARBOROUGH DR | $549,000 | 3310 | 4 | 3.1 | DETACHD |
| 3334 Upper DR | $550,000 | 2500 | 4 | 2.1 | DETACHD |
| 3342 Upper DR | $550,000 | 2500 | 4 | 1.2 | DETACHD |
| 8 CAMELOT CT | $550,000 | 3084 | 5 | 3 | DETACHD |
| 4398 GLACIER LILY ST | $550,000 | 2936 | 4 | 2.1 | DETACHD |
| 5434 ROSALIA WAY | $559,000 | 2600 | 4 | 2.1 | DETACHD |
| 13074 ROGERS RD | $629,000 | 2810 | 4 | 2.1 | DETACHD |
| 6479 SW MCDUFF CT | $659,000 | 3054 | 3 | 2.1 | DETACHD |
| 3931 BASS LN | $789,000 | 3310 | 4 | 3.1 | DETACHD |
| 691 CARRERA LN | $899,900 | 3704 | 5 | 3.1 | DETACHD |
| 329 10TH ST | $995,000 | 3595 | 4 | 2.2 | DETACHD |
PENDING SALES (July 5-11, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 16250 PACIFIC HWY | $109,000 | 2 | 2 | 1311 | CONDO | 276 |
| 16200 PACIFIC HWY | $199,000 | 2 | 2 | 1200 | CONDO | 276 |
| 26 CONDOLEA DR | $199,900 | 2 | 2 | 1420 | CONDO | 131 |
| 16200 PACIFIC HWY | $209,000 | 2 | 2 | 1208 | CONDO | 878 |
| 16200 PACIFIC HWY | $209,000 | 2 | 2 | 1200 | CONDO | 276 |
| 16200 PACIFIC HWY | $239,000 | 2 | 2 | 1208 | CONDO | 878 |
| 330 6TH ST | $249,950 | 1 | 1 | 1120 | DETACHD | 5 |
| 1694 FIRCREST CT | $274,900 | 3 | 2.1 | 2015 | DETACHD | 198 |
| 6338 WASHINGTON CT | $329,900 | 3 | 1 | 1558 | DETACHD | 128 |
| 675 10TH ST | $430,000 | 4 | 2 | 2280 | DETACHD | 427 |
| 5580 KILCHURN AVE | $549,900 | 4 | 2.1 | 2286 | DETACHD | 12 |
| 5722 CHARLES CIR | $569,900 | 4 | 2.1 | 2674 | DETACHD | 69 |
| 2326 OSWEGO GLEN CT | $997,500 | 4 | 4 | 4575 | DETACHD | 36 |
| 1097 CHANDLER RD | $1,439,000 | 4 | 4.1 | 5313 | DETACHD | 42 |
| 1973 CHERYL CT | $1,595,000 | 5 | 4.1 | 6436 | DETACHD | 53 |
SOLD (July 5-11, 2010)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 59 GALEN ST | $99,000 | $89,900 | 1 | 1 | 550 | CONDO | 97 |
| 18922 REDWING WAY | $369,900 | $349,900 | 4 | 2 | 2076 | DETACHD | 271 |
| 1158 BAYBERRY RD | $649,000 | $649,000 | 4 | 4 | 2386 | DETACHD | 10 |
| 731 F AVE | $750,000 | $655,000 | 4 | 2.1 | 2668 | DETACHD | 113 |
| 18735 BRYANT RD | $1,079,900 | $875,000 | 5 | 3.1 | 5323 | DETACHD | 59 |
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
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.
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.
News & Notes
The City of Lake Oswego is mourning the unexpected passing of it’s beloved Police Chief, Dan Duncan. There will be a memorial service June 4th, 1:00PM at the Rolling Hills Community Church. Flags in the city will be at half-mast from now until that date. His family has set up a Memorial Site with photos and information. Well-wishers may leave messages there for them.
The Willamette Shore Trolley is up & running! This has been one of my favorite things to do with visitors to Lake Oswego for many, many years. I have photos of beloved family members and I enjoying the ride to & from Portland that I will always cherish. Make your own memories as the train winds along the waterfront & through the trees & neighborhoods that line this historic passage between the two cities. This route is also the one being considered for a possible streetcar! For a schedule of times & fares call 503 697 7436, or visit the Website.
The latest Market Activity Report for Portland Metro produced by RMLS shows the following data:
- Comparing April 2010 with April 2009: Closed Sales increased 49.1%, and Pending Sales rose 60.8% with New Listings going up by 23.8%
- When comparing April 2010 with March 2010, the average sale price rose just 0.6%
- Comparing January – April 2010 with the same period in 2009, Closed Sales increased 41.4%, with Pending Sales rising by 46.3% and New Listings by 15.4%
- April’s Total Market Time for Portland Metro was: 127 days
- Lake Oswego and West Linn’s Total Market Time was: 147 days
- Lake Oswego and West Linn’s Average Sales Price (RMLS lumps the two areas together) was $502,800.
- Lake Oswego and West Linn posted 101 Closed Sales in April with 1066 Active Listings
- Lake Oswego and West Linn saw a 113.8% increase in Pending Sales April 2010 compared to April 2009
Market Activity for May 17-23, 2010
The housing market in Lake Oswego included 19 new listings, 15 pending sales, and 14 closed sales. You will probably notice some categories moved/missing/changed. Linda and I use a macro in excell to develop these charts. RMLS has made technical changes that are affecting our macro, which we need to re-work. Thanks for your patience while we get the kinks ironed out. I think the basic data is here.
Here is your weekly update (see below the tables for additional notes):
NEWLY LISTED (May 17—23, 2010)
| Address | List Price | # BR | SF Up+Mn | Prop Type | |||
| 322 CERVANTES CIR | $85,000 | 2 | 832 | CONDO | |||
| 512 S STATE ST | $129,900 | 1 | 829 | CONDO | |||
| 668 MCVEY AVE | $149,000 | 2 | 976 | CONDO | |||
| 16515 INVERURIE RD | $299,000 | 3 | 1,772 | DETACHD | |||
| 16808 INVERURIE RD | $299,900 | 3 | 1,182 | DETACHD | |||
| 14372 CAMDEN LN | $448,500 | 3 | 2,348 | DETACHD | |||
| 1462 GREENTREE CIR | $449,900 | 4 | 2,507 | DETACHD | |||
| 8 MORNINGVIEW CIR | $529,900 | 3 | 2,217 | DETACHD | |||
| 230 4TH ST | 619900 | 3 | 2,165 | DETACHD | |||
| 13265 FOX RUN | 680000 | 3 | 2,614 | DETACHD | |||
| 17632 WOODHURST PL | 699900 | 5 | – | DETACHD | |||
| 17970 ROYCE WAY | 799000 | 4 | 2,713 | DETACHD | |||
| 19000 BRYANT RD | 965000 | 5 | 5,874 | DETACHD | |||
| 1425 CHANDLER RD | 978000 | 4 | 2,204 | DETACHD | |||
| 1235 CHANDLER RD | 985000 | 5 | 2,044 | DETACHD | |||
| 17301 BERGIS FARM DR | 1060000 | 4 | – | DETACHD | |||
| 2569 GLEN EAGLES PL | 1349000 | 5 | 4,591 | DETACHD | |||
| 13900 GOODALL RD | 1600000 | 5 | 4,282 | DETACHD | |||
| 1973 CHERYL CT | 1695000 | 5 | 4,396 | DETACHD |
PENDING SALES (May 17-23, 2010)
| Address | List Price | # BR | Sq Ft | SF Up+Mn | Prop Type | CDOM | ||
| 100 KERR PKWY | $77,500 | 2 | 823 | 823 | CONDO | 66 | ||
| 100 KERR PKWY | $92,500 | 2 | 823 | 823 | CONDO | 27 | ||
| 3433 SW MCNARY PKWY | $123,900 | 2 | 1008 | 1,008 | CONDO | 98 | ||
| 32 CERVANTES CIR | $129,500 | 2 | 1092 | 912 | CONDO | 160 | ||
| 136 TOUCHSTONE TER | $279,000 | 3 | 1996 | 1,198 | DETACHD | 243 | ||
| 729 3RD ST | $295,000 | 4 | 1671 | 1,671 | DETACHD | 10 | ||
| 4313 ALBERT CIR | $367,900 | 3 | 1790 | 1,790 | DETACHD | 14 | ||
| 1255 BAYBERRY RD | $375,000 | 3 | 1901 | 1,901 | DETACHD | 253 | ||
| 1400 LEE ST | 421500 | 4 | 2804 | 1,514 | DETACHD | 146 | ||
| 24 PARTRIDGE LN | 449000 | 4 | 3224 | 3,224 | DETACHD | 40 | ||
| 675 10TH ST | 490000 | 4 | 2280 | 1,272 | DETACHD | 374 | ||
| 14158 KIMBERLY CIR | 530000 | 5 | 3548 | 3,648 | DETACHD | 18 | ||
| 1158 BAYBERRY RD | 649000 | 4 | 2386 | 2,386 | DETACHD | 10 | ||
| 1703 VILLAGE PARK LN | 749000 | 3 | 3450 | 3,450 | DETACHD | 156 | ||
| 1414 COUNTRY COMMONS | 945000 | 4 | 5679 | 3,082 | DETACHD | 68 |
SOLD (May 17-23, 2010)
| Address | Closed Price | Original Price | #BR | Sq Ft | Prop Type | CDOM | ||
| 65 OSWEGO SMT | $118,000 | $129,900 | 2 | 1,140 | CONDO | 8 | ||
| 5051 FOOTHILLS DR | $169,900 | $210,000 | 2 | 991 | CONDO | 248 | ||
| 750 1ST ST | $178,000 | $195,000 | 2 | 1,350 | CONDO | 73 | ||
| 5056 FOOTHILLS DR | $257,000 | $299,900 | 2 | 1,252 | CONDO | 194 | ||
| 19032 KRISTI WAY | $262,000 | $259,900 | 2 | 1,390 | DETACHD | 7 | ||
| 4420 GOLDEN LN | $295,000 | $279,900 | 3 | 2,165 | CONDO | 391 | ||
| 119 3RD ST | $350,000 | $429,900 | 3 | 1,204 | CONDO | 187 | ||
| 5299 LAKEVIEW BLVD | $365,000 | $399,900 | 4 | 2,165 | DETACHD | 594 | ||
| 2440 OVERLOOK DR | $480,000 | $525,000 | 4 | 3,874 | DETACHD | 36 | ||
| 815 COUNTRY COMMONS LN | $494,500 | $595,000 | 4 | 2,376 | DETACHD | 83 | ||
| 3115 ROSEMARY LN | $513,000 | $599,900 | 3 | 3,324 | DETACHD | 244 | ||
| 17388 CEDAR RD | $575,000 | $875,000 | 2 | 2,134 | DETACHD | 402 | ||
| 18125 WESTMINSTER DR | $658,000 | 699888 | 5 | 3,969 | DETACHD | 344 | ||
| 356 9TH ST | $1,070,000 | $1,275,000 | 4 | 3,647 | DETACHD | 98 |
Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.
Market Activity Report for May 10-16, 2010
The housing market in Lake Oswego included 19 new listings, 11 pending sales, and 13 closed sales. You will probably notice some categories moved/missing/changed. Linda and I use a macro in excell to develop these charts. RMLS has made technical changes that are affecting our macro, which we need to re-work. Thanks for your patience while we get the kinks ironed out. I think the basic data is here.
Here is your weekly update (see below the tables for additional notes):
NEWLY LISTED (May 10—16, 2010)
| Address | List Price | Year Built | Sq. Ft. | Prop Type |
| 3433 MCNARY PKWY | $125,000 | 1994 | 1,136 | CONDO |
| 4 TOUCHSTONE | $179,000 | 1970 | 675 | CONDO |
| 18430 PILKINGTON RD | $259,000 | 1973 | 1,029 | DETACHD |
| 244 Greenridge DR | $319,000 | 1974 | 1,907 | ATTACHD |
| 5031 TUALATA LN | $329,000 | 1969 | 1,492 | DETACHD |
| 5973 KENNYCROFT WAY | $329,500 | 1962 | 1,202 | DETACHD |
| 5827 BONITA RD | $399,900 | 2002 | 1,771 | DETACHD |
| 16931 Bryant RD | $424,500 | 1930 | 1,767 | ATTACHD |
| 71 TANGLEWOOD DR | 449000 | 1972 | 2,616 | DETACHD |
| 13364 AUBURN CT | 450000 | 2005 | 2,371 | ATTACHD |
| 464 LIVINGOOD LN | 459995 | 1985 | 1,454 | DETACHD |
| 19451 SW DOGWOOD CT | 559900 | 2010 | 3,594 | DETACHD |
| 8 DEL PRADO ST | 599950 | 1972 | 1,877 | DETACHD |
| 4121 CHILDS RD | 789900 | 2006 | 3,352 | DETACHD |
| 11 HILLSHIRE DR | 825000 | 1990 | 3,415 | DETACHD |
| 3030 WESTVIEW CT | 859000 | 1969 | 2,635 | DETACHD |
| 490 COUNTRY CLUB RD | 900000 | 1938 | 2,240 | DETACHD |
| 2607 PALISADES CREST DR | 1000000 | 1981 | – | DETACHD |
| 2133 HAZEL RD | 1325000 | 2006 | 3,965 | DETACHD |
PENDING SALES (May 10-16, 2010)
| Address | List Price | Year Built | Sq. Ft. | Prop Type |
| 775 BOCA RATAN DR | $180,000 | 1975 | 2,401 | DETACHD |
| 1960 MAPLELEAF RD | $225,000 | 1965 | 1,210 | DETACHD |
| 729 3RD ST | $295,000 | 1948 | 1,671 | DETACHD |
| 666 3RD ST | $299,900 | 1948 | 953 | DETACHD |
| 18922 REDWING WAY | $369,900 | 1969 | 2,076 | DETACHD |
| 16044 INVERURIE RD | $399,000 | 1942 | 952 | DETACHD |
| 1025 C AVE | $408,950 | 1950 | 1,263 | DETACHD |
| 1055 COUNTRY CLUB RD | $449,000 | 1954 | 1,552 | DETACHD |
| 5711 SOUTHWOOD DR | 519000 | 1990 | 2,655 | DETACHD |
| 106 3RD ST | 649000 | 1957 | 1,495 | DETACHD |
| 17281 LOWENBERG TER | 839900 | 2009 | 2,996 | DETACHD |
SOLD (May 10-16, 2010)
| Address | Original Price | Sold Price | SF | Prop Type | CDOM |
| 8 OSWEGO SMT | $135,000 | $123,000 | 1140 | CONDO | 115 |
| 1137 SPRUCE ST | $258,900 | $254,900 | 1214 | DETACHD | 7 |
| 15256 BOONES WAY | $335,000 | $284,950 | 1600 | ATTACHD | 350 |
| 4774 OAKRIDGE RD | $339,000 | $332,500 | 2104 | DETACHD | 220 |
| 5 ORIOLE LN | $340,000 | $341,000 | 2024 | DETACHD | 14 |
| 4548 BLACK FOREST CT | $550,000 | $393,000 | 2157 | DETACHD | 644 |
| 4962 BILFORD LN | $439,000 | $405,000 | 2168 | DETACHD | 106 |
| 2251 PRESTWICK RD | $407,250 | $407,250 | 2236 | DETACHD | 3 |
| 531 2ND ST | $399,000 | $412,000 | 1393 | CONDO | 57 |
| 4705 LAKEVIEW BLVD | $529,900 | $510,000 | 2700 | DETACHD | 7 |
| 17644 WOODHURST PL | $629,900 | $550,000 | 4509 | DETACHD | 927 |
| 5245 LANGFORD LN | $719,000 | $709,000 | 2957 | DETACHD | 104 |
| 1224 TYNDALL CT | $849,000 | $779,000 | 4157 | DETACHD | 306 |
Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.
News & Notes
Real Estate News ~
Have a wood stove? Planning to buy or sell a home with one? Note that beginning August 1st, 2010, in an effort to control emissions from smoke, when selling a home you will be required to remove the wood stove if it is “uncertified” by the DEQ. Here is a link for more information: Woodstoves in Oregon
Greece and Mortgage Rates – MBS Quoteline reports: ” Despite stronger than expected economic data, the financial situation in Greece held the greatest influence on mortgage rates this week. A flight to quality and prospects of slower economic growth in Europe were favorable for mortgage markets and negative for the stock market, and mortgage rates ended the week lower.”
Current Mortgage Rates and Mortgage Insurance Updates – According to Pat Goodell of Academy Mortgage:
“Some of the Mortgage Insurance companies have gone to tiered pricing based on credit scores which is good news to those with good credit scores. Mortgage insurance companies also will now allow “up front mortgage insurance” (in lieu of monthly mortgage insurance) to be paid by the seller. The potential advantage of this is that the seller can pay the up front mortgage insurance as part of any allowable closing costs that a buyer might negotiate for a seller to pay. Then the buyer has no mortgage insurance premium to pay as part of their mortgage – this may or may not be an advantage to the buyer depending on their situation; but it does help for qualifying by reducing their monthly mortgage payment. There are qualifying parameters for this option and the lender also has to approve this option as well.” “Interest rates are holding steady now with the 30-yr fixed still hovering around 5% — 30-yr fixed today is actually available at 4.875% with 0 pts, depending on the buyer’s qualifications.”
Community Notes ~
Farmers Market opens this Saturday, May 15th in Lake Oswego. (yay!) This is the 10th Anniversary Celebration. You can find the food & fun at Millennium Plaza Park from 8:30AM – 1:30PM on Saturdays through October 9th. Local musical group, Southern Nights, will perform from 10:30AM till 12:30PM at the kickoff, and the Bike Gallery will be there to check your kids’ helmets!
May is Sustainability Action Month. Take advantage of these local events:
- Free screening of the film Deep Green with local film-maker Matt Briggs. This is an insightful look at “uncovering the best people with the best solutions for “de-carbonizing energy and restoring the natural world.” It will be held Saturday evening, May 15th at 7:30Pm at the Lake Grove Presbyterian Church, 4040 Sunset Drive. Bring your family and friends!
- Get a good look at Lake Oswego’s Century Trees on the Century Tree Bike Ride, May 22nd. The bike ride is hosted by the Planning Dept.’s Green Team, and more information can be had by contacting Laura Weigel at Lweigel@ci.oswego.or.us .
Lake Oswego’s city council created the Sustainability Action Board (SAB) in 2008. For more information on sustainability, visit: The Sustainability Resource Page
To Move or Not To Move / Lifestyle Options for Older Adults , an educational program for seniors and their families is designed to give information on housing options and resources in Lake Oswego. You are invited to attend on May 16th, from 2:00PM to 5:00Pm at the Lake Oswego Adult Community Center, 505 G Avenue.