The most recent real estate numbers for Portland and the Lake Oswego/West Linn areas (RMLS lumps them together) are available.
According to the RMLS Market Action Report for the Portland Metro Area, January, 2015:
There were 2,762 New Listings in January which was up a whopping 79.4% from December, and up 6.9% from January of 2013.
At 1,477, January Closed Sales dropped 34% from the month prior, but were up a full 5.8% from January of 2013.
January Pending Sales (accepted offers), at 2,294, were very strong. Up… 37.6% from December, and up 13.2% from January 2013.
Comparing the 12 months ending January 31st of 2015 with the same 12 month period ending January 2014, Average Sales Price is up 7%. The Average Sale Price in January of $329,400 was down $2,200 from the month prior.
__________________________________________
The combined areas of Lake Oswego and West Linn for the month of January 2015 reported:
Lake Oswego is seeing lots of activity, along with the greater Portland area.
Here is your Latest Market Data: Last week in Lake Oswego we saw 16 New properties enter the market, 26 move to Pending status, and 15 “Closed”/Sold!
Following is the breakdown for you according to RMLS:
NEW on Mkt (Feb 23-Mar 1, 2015)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
56 GALEN ST Upper
$142,500
2
2
1000
CONDO
44 ORIOLE LN
$389,000
4
2.1
2156
DETACHD
4871 CENTERWOOD ST
$415,000
4
3
2619
DETACHD
1107 CHERRY LN
$424,900
3
2
2094
DETACHD
1428 GREENTREE CIR
$425,000
4
2.1
2236
DETACHD
13855 VERTE CT
$449,000
3
2.1
1835
DETACHD
1250 PINE ST
$529,900
4
3
2856
DETACHD
13819 PROVINCIAL HILL DR
$549,900
4
2.1
2096
DETACHD
27 BECKET ST
$579,900
3
2
2715
DETACHD
4004 MELISSA DR
$598,950
4
2.1
2839
DETACHD
720 MAPLE ST
$719,000
3
2.1
3966
DETACHD
2855 SW UPPER DR
$1,150,000
3
2
1749
DETACHD
17620 BLUE HERON RD
$1,198,000
4
3.1
4041
DETACHD
16655 MAPLE CIR
$1,269,000
3
2
2030
DETACHD
14733 UPLANDS DR
$2,495,000
6
5.3
7088
DETACHD
17096 CHAPIN WAY
1395000 – 1495000
4
5
4395
DETACHD
PENDING SALES (Feb 23-Mar 1, 2015)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
368 CERVANTES CIR
$119,999
2
1
882
CONDO
27
86 KINGSGATE RD #F 106
$142,000
2
2
840
CONDO
3
106 OSWEGO SMT
$165,000
2
2
1140
CONDO
5
45 EAGLE CREST DR #308
$169,900
2
2
1046
CONDO
24
152 RIDGEWAY RD
$234,900
2
1.1
1794
CONDO
3
18660 DON LEE WAY
$274,900
3
1
946
DETACHD
206
38 WHEATHERSTONE
$299,900
3
2.1
1692
ATTACHD
8
15364 TWIN FIR RD
$349,900
3
2
1608
DETACHD
271
9 CONDOLEA DR
$380,000
3
3
2198
CONDO
5
17617 ARBOR LN
$390,000
3
2
1745
DETACHD
214
5926 DOVE CT
$435,000
3
2
1807
DETACHD
2
18863 INDIAN SPRINGS RD
$439,900
4
3
2001
DETACHD
3
16201 LAKE FOREST BLVD
$444,900
3
2.1
1846
DETACHD
108
4733 FIRWOOD RD
$474,900
4
3
2310
DETACHD
189
103 GARIBALDI ST
$479,000
3
3.1
3322
DETACHD
1188
19 MONTICELLO DR
$479,900
6
3
3678
DETACHD
27
2250 PARK RD
$559,000
3
2
2041
DETACHD
3
4848 HASTINGS DR
$575,000
3
2.1
2174
DETACHD
3
409 MIDDLECREST RD
$599,000
3
3
2135
DETACHD
15
3285 CHILDS RD
$599,900
4
3
2693
DETACHD
3
797 F AVE
$700,000
3
2.1
2323
DETACHD
2
13643 MELROSE PL
$799,900
4
4
4146
DETACHD
45
1136 WESTWARD HO RD
$895,000
3
2.1
3344
DETACHD
324
568 9TH ST
$925,000
3
3.1
2825
DETACHD
85
816 4TH ST
$949,900
4
2.1
2699
DETACHD
9
2490 SUMMIT DR
$2,200,000
4
2
3000
DETACHD
212
SOLD (Feb 23-Mar 1, 2015)
Address
O/Price
Close Price
# Beds
# Baths
Total SF
Prop Type
CDOM
28 CRESTFIELD CT
$145,000
$150,000
2
2
995
CONDO
3
5185 CARMAN DR
$389,000
$325,000
3
1.1
1848
DETACHD
141
123 CONDOLEA DR
$375,000
$335,000
3
3
2143
CONDO
153
5053 W SUNSET DR
$375,000
$373,000
2
2.1
1720
ATTACHD
2
17251 GREENTREE AVE
$414,950
$410,000
4
2.1
2728
DETACHD
45
4104 LAKEVIEW BLVD
$439,000
$420,000
4
2
2252
DETACHD
66
143 KINGSGATE RD
$450,000
$442,500
3
2
2618
DETACHD
131
14353 HOLLY SPRINGS RD
$525,000
$525,000
4
3
2238
CONDO
129
4959 BILFORD LN
$549,900
$549,900
3
2.1
2456
DETACHD
4
4729 FIRWOOD RD
$599,900
$550,000
3
2.1
2594
DETACHD
87
5590 KILCHURN AVE
$624,900
$570,900
4
2.1
2472
DETACHD
68
3877 TEMPEST DR
$690,000
$695,000
4
2.1
3237
DETACHD
4
1051 COUNTRY COMMONS
$849,000
$779,900
4
2.1
3582
DETACHD
224
2950 UPPER DR
$795,000
$785,000
4
3.1
3373
DETACHD
64
3700 MARQUIS CT
$924,850
$919,000
4
2.1
4251
DETACHD
69
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.
This activity report is coming a little late, though it is a big one! Spring market has arrived and is dressed to impress! We have 26 houses that have reached the market and are ready to be visited. There are 30 houses that are pending, and best of wishes upon their closing! 11 sold properties, which means 11 new neighbors!
Following is the breakdown for you according to RMLS:
New on Market (Feb 16-23, 2015)
Address
Type
Price
Bedrooms
Bathrooms
Sqft
200 BURNHAM RD #306
CONDO
195,000
2
1
1199
9 CONDOLEA DR
CONDO
380,000
3
3
2198
5530 BONITA RD
DETACHED
398,000
3
2
1200
4871 CENTERWOOD ST
DETACHED
415,000
4
3
2519
18706 BRYANT RD
DETACHED
519,995
3
2.5
2400
5326 SW CHILDS RD
DETACHED
549,901
3
2.5
1801
18364 BRYANT RD
DETACHED
551,995
3
2.5
2736
27 BECKET ST
DETACHED
579,900
3
2
2615
1868 GLENMORRIE DR
DETACHED
585,000
3
4
3032
14121 REDWOOD CT
DETACHED
629,900
4
3.5
2703
2051 CREST DR
DETACHED
699,500
4
2
2886
729 SOUTHVIEW RD
DETACHED
725,000
3
2
2657
1770 HEADLEE LN
DETACHED
750,000
2
3
2434
17620 BLUE HERON RD
DETACHED
1,198,000
4
3.5
4041
17620 WOODHURST PL
DETACHED
1,200,000
4
4
4389
720 KENOLA CT
DETACHED
1,200,000
3
3.5
3727
1956 CHERYL CT
DETACHED
1,425,000
4
4.5
5334
17096 CHAPIN WAY
DETACHED
1,395,000-1,495,000
4
3.5
4395
401 9TH ST
DETACHED
1,590,000
4
3.5
4288
1135 LAKE FRONT RD
DETACHED
2.295,000
4
4
4245
Pending Sales (Feb 16-23, 2015)
Address
Type
Price
Bedroom
Bathrooms
Sqft
DOM
169 OSWEGO SMT #169
CONDO
83,032
2
2
1330
126
4000 CARMAN DR #55
CONDO
149,900
2
2
866
123
3433 MCNARY PKWY #208
CONDO
150,000
2
2
1008
8
45 EAGLE CREST DR #308
CONDO
169,900
2
2
1046
24
15868 PARKER RD
DETACHED
219,950
2
1
780
36
152 RIDGEWAY RD
CONDO
234,900
2
1.5
1794
3
65 KINGSGATE RD
ATTACHED
299,900
3
2
1237
4
16735 LAKE FOREST BLVD
DETACHED
318,900
3
2
1192
118
1743 ASPEN CT
DETACHED
326,900
3
2
1341
115
4171 OLD GATE RD
DETACHED
350,000
4
2
1752
7
43 CONDOLEA CT
CONDO
365,000
2
2.5
2157
31
5185 CARMAN DR
DETACHED
389,000
3
1.5
1848
141
4820 LAMONT WAY
DETACHED
392,900
3
2.5
1768
193
3402 LAKE GROVE AVE
DETACHED
410,000
3
2
1686
102
5926 DOVE CT
DETACHED
425,000
3
2
1807
2
12836 SIERRA VISTA DR
DETACHED
449,000
4
2.5
2166
136
2508 ORCHARD HILL PL
DETACHED
454,000
3
2.5
2229
4
1653 DEVON LN
DETACHED
485,000
4
3
3181
165
644 ELLIS AVE
DETACHED
499,000
3
2
3340
16
17393 SCHALIT WAY
DETACHED
540,000
3
2
2240
16
2234 FERNWOOD CIR
DETACHED
545,000
4
3
2975
84
124 D AVE
ATTACHED
550,000
2
2.5
1754
7
4258 ALBERT CIR
DETACHED
659,000
4
2.5
2745
197
1890 CREST DR
DETACHED
725,000
3
2.5
2782
144
1051 COUNTRY COMMONS
DETACHED
799,900
4
2.5
3582
224
13643 MELROSE LP
DETACHED
799,900
4
4
4146
45
14626 UPLANDS DR
DETACHED
828,900
4
3
2951
2
2726 RIVENDELLL RD
DETACHED
849,000
5
3
3315
2
18253 SIENA DR
DETACHED
1,198,000
5
4
4310
3
13612 GOODALL RD
DETACHED
1,469,000
5
4.5
4362
332
Sold/Closed (Feb 16-23, 2015)
Address
Type
List Price
Close Price
Sqft
DOM
1803 BOCA RATAN DR
ATTACHED
297,000
288,000
1739
44
18275 TERRY CT
DETACHED
319,000
315,000
1270
228
5695 WASHINGTON CT
DETACHED
349,900
345,000
1769
9
47 ORIOLE LN
DETACHED
399,500
378,000
1958
123
5907 FERNBROOK CIR
DETACHED
399,900
398,950
1892
175
4104 LAKEVIEW BLVD
DETACHED
439,000
420,000
2252
66
2 PIMLICO TER
DETACHED
599,000
490,000
2301
83
1562 CHANDLER RD
DETACHED
1,225,000
500,000
2318
305
1560 LABURNUM WAY
DETACHED
499,900
520,000
1773
1
2762 VALE CT
DETACHED
620,000
620,000
2709
7
1766 PALISADES TERRACE DR
DETACHED
750,000
735,000
2792
190
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.
I think there are quite a number of things that add to quality of life, and staying active and fit is one of them. For some that may involve aerobics, weights, walking, running, swimming, any number of activities. The greater your options, the greater the odds are that you’ll stay active, and tennis is a great option.
The City of Lake Oswego offers indoor and outdoor tennis options.
Outdoor tennis is found in 7 locations, 2 of which have lighting for evening use. These courts are first-come, first-serve with the exception of the courts that are located on school property. Use at those locations is affected by school use as well. But they are pretty simple to use and easy to find. For a list of locations, click here.
The indoor courts can be found at the Tennis Center at 2900 Diane Drive in Springbrook Park. Open daily from 6:00am to 9:00pm, courts are available on an hourly basis for $18 per hour. Reservations can be made up to a week in advance. For convenience you can buy lump sum packages (still at $18 an hour). In July there is a lottery for up to 4.5 months of advance reservations in September to May.
The indoor facility has four courts. There are a wide variety of activities for all ages, and all abilities: general use, lessons, competitions, youth tennis, it’s very impressive.
Of special note, the Lake Oswego Tennis Center, with sponsorship from the Greater Portland Tennis Council, provides the only Special Olympics tennis program in the State of Oregon.
Also, be aware for about 2 weeks each summer the facility is closed for maintenance. Last year the 2 weeks were in August.
Ok, I am going to just say it, I LOVE living in the Pacific Northwest. This past week it has been 60 degrees and sunny. We have a chance of sprinkles the next couple of days, and then…more sun! That’s pretty perfect for this time of year.
Last week in LO we had 8 new listings, 27 pending sales, and 7 closed sales. My prediction is that in the next few weeks the number of new listings will at least double and, even more likely, triple. If they don’t? We are going to see prices go up. Low supply drives up prices. We shall see….
Following is the breakdown for you according to RMLS:
New on Market (Feb 0-15, 2015)
Address
Type
Price
BR
Bths
SF
192 Oswego Summit
Condo
$144,850
2
2
1383
3433 McNary Pkwy #208
Condo
$150,000
2
2
1008
4171 Old Gate Rd
Detached
$350,000
4
2
1752
2508 Orchard Hill Place
Detached
$454,000
3
2.5
2230
2084 Ridgewood Rd
Detached
$799,000
3
2.5
2117
77 Garibaldi St
Detached
$829,000
4
2.5
3515
2726 Rivendell Rd
Detached
$849,000
5
3
3315
13554 Peters Rd
Detached
$899,850
3
3
3036
Pending Sales (Feb 9-15, 2015)
Address
Type
Price
BR
Baths
SF
DOM
3930 Lake Grove Ave A1
Condo
$130,000
2
1
952
111
116 Oswego Summit
Condo
$139,000
2
2
1140
323
4 Touchstone #136
Condo
$178,500
3
2.5
1351
5
5061 Foothills Dr A
Condo
$199,950
2
2
991
6
5063 Foothills Dr A
Condo
$200,000
2
2
991
3
1349 Bonniebrae Dr
Attached
$319,000
3
1.5
1303
118
4524 Lower Dr #A3
Condo
$279,000
3
2.5
1650
130
1260 Hallinan St
Detached
$298,000
3
1.5
1325
4
6138 Kenny St
Detached
$314,000
3
1.5
1190
31
4841 Dawn Ave
Detached
$349,000
3
2
1550
64
4146 Lakeview Blvd
Detached
$400,000
5
1.5
2056
99
324 4th St
Attached
$425,000
2
2.5
1731
30
18975 Indian Springs Rd
Detached
$437,900
4
2.5
1910
6
127 Del Prado St
Detached
$459,000
4
3
2310
5
886 9th St
Detached
$469,500
2
1
860
23
18929 Terry Ave
Detached
$494,900
4
2
2441
20
37 Berwick Rd
Detached
$495,000
5
2
2198
36
6 Northview Ct
Attached
$532,500
4
3.5
3200
14
1011 Spruce St
Detached
$565,000
3
2.5
1930
29
14128 Edenberry Dr
Detached
$749,900
4
2.5
3168
10
19242 Indian Springs Rd
Detached
$749,900
4
2.5
3365
35
5488 Southwood Dr
Detached
$775,000
4
2.5
3280
112
2950 Upper Dr
Detached
$795,000
4
3.5
3373
64
2109 Wembley Park Rd
Detached
$795,000
5
3
3154
73
1233 Bickner St
Detached
$800,000
4
3.5
3150
0
1267 Cherry Ln
Detached
$849,000
4
2
3311
308
18360 River Edge Ln
Detached
$957,000
4
2.5
3738
22
Sold/Closed (Feb 9-15, 2015)
<
Address
Type
List Price
Closed Price
Sq Ft
CDOM
59 Galen St
Condo
$94,900
$94,000
550
22
16250 Pacific Hwy
Condo
$204,500
$190,000
1305
167
18495 Tamaway Dr
Detached
$548,000
$548,000
2680
11
909 Lake Front Rd
Detached
$699,900
$555,000
2,916
480
435 7th St
Detached
$649,000
$620,000
2010
175
13983 Westcott Ct
Detached
$649,000
$637,500
2792
71
17237 Kelok Rd
Detached
$1,090,000
$1,080,000
2206
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.
We at the Property Blotter wish you a Very Sweet Valentines Day!
If you’re looking for something fun to do today IN Lake Oswego, check this out: CLICK HERE
Here comes the sun!
The market is pretty steady right now, and all reports are that the Buyers are out in force.
Here is your Latest Market Data: Last week in Lake Oswego we saw 18 New properties enter the market, 22 move to Pending status, and 10 “Closed”/Sold!
Following is the breakdown for you according to RMLS:
NEW on Mkt (Feb 2-8, 2015)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
1260 HALLINAN ST
$298,000
3
1.1
1325
DETACHD
5061 FOOTHILLS DR
$199,950
2
2
991
CONDO
0 Atherton
950000 – 1187500
4
4
3415
DETACHD
14128 EDENBERRY DR
$749,900
4
2.1
3168
DETACHD
14034 TAYLORS CREST LN
$869,000
5
3.2
4007
DETACHD
320 CERVANTES CIR
$129,900
2
1
832
CONDO
4 TOUCHSTONE
$178,500
3
2.1
1351
CONDO
4 TOUCHSTONE
$160,000
3
2.1
1351
CONDO
2701 LAKEVIEW BLVD
$724,500
3
2.1
2289
DETACHD
2701 LAKEVIEW BLVD
$724,500
3
2.1
2264
DETACHD
368 CERVANTES CIR
$129,500
2
1
882
CONDO
17749 LEAFY LN
$579,900
2
3
3300
DETACHD
910 TERRACE DR
$1,200,000
4
2.1
3934
DETACHD
4070 VIRGINIA WAY
$747,500
3
2.1
3510
DETACHD
6310 ALYSSA TER
$465,000
4
2.1
2452
DETACHD
127 DEL PRADO ST
$459,000
4
3
2310
DETACHD
17617 ARBOR LN
$390,000
3
2
1745
DETACHD
18975 INDIAN SPRINGS RD
$437,900
4
2.1
1910
DETACHD
PENDING SALES (Feb 2-8, 2015)
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
1539 LAKE FRONT RD
$1,200,000
4
3.1
3385
DETACHD
119
15365 TWIN FIR RD
$449,000
3
1
1201
DETACHD
198
13286 GOODALL RD
$1,750,000
5
5.3
6819
DETACHD
142
49 BRIARWOOD RD
$950,000
3
2
2412
DETACHD
67
18414 OLD RIVER LNDG
$1,795,000
4
4.2
6498
DETACHD
553
15885 WHITE OAKS DR
$625,000
4
2.1
2802
DETACHD
55
1401 GREENTREE CIR
$419,000
3
2
1800
DETACHD
165
834 6TH ST
$459,000
2
1
1062
DETACHD
94
1653 DEVON LN
$485,000
4
3
3181
DETACHD
153
18224 BELLA TERRA DR
$1,175,000
4
3.1
4050
DETACHD
210
1033 Spruce ST
$499,500
2
2.1
1562
DETACHD
28
4504 WILDWOOD ST
$399,900
3
2
1655
DETACHD
0
43 CONDOLEA CT
$365,000
2
2.1
2157
CONDO
12
808 ELLIS AVE
$514,900
3
2.1
2108
DETACHD
28
13024 ROGERS RD
$769,000
4
3.1
3333
DETACHD
0
1015 SOUTHSHORE BLVD
$629,000
4
3
3882
DETACHD
3
5487 TUALATA CT
$339,455
3
2
1200
DETACHD
1
751 BRIERCLIFF LN
$528,950
4
3
2534
DETACHD
32
17171 LOWENBERG TER
$739,000
4
2.1
3002
DETACHD
118
121 LEONARD ST #C
$185,000
2
2
1118
CONDO
131
2286 WEMBLEY PARK RD
$699,000
3
3
2000
DETACHD
65
4104 LAKEVIEW BLVD
$429,000
4
2
2252
DETACHD
66
SOLD (Feb 2-8, 2015)
Address
Open Price
Close Price
# Beds
# Baths
Total SF
Prop Type
CDOM
47 EAGLE CREST DR #40
$89,500
$85,000
1
1
696
CONDO
51
4077 JEFFERSON PKWY
$234,500
$234,500
2
2.1
1462
CONDO
24
6101 HARRINGTON AVE
$359,000
$361,500
3
2.1
1400
DETACHD
62
2751 SUMMIT DR
$648,950
$655,000
3
2
2418
DETACHD
145
19211 TERRY AVE
$370,000
$370,000
4
2
1872
DETACHD
41
4080 COLTSFOOT LN
$525,000
$525,000
4
2.1
2884
DETACHD
0
18177 DELENKA LN
$830,000
$787,500
5
2.2
3802
DETACHD
131
1075 OAK TER
$340,000
$350,000
3
2
1356
DETACHD
29
616 4TH ST
$1,049,000
$1,049,000
4
2.1
3034
DETACHD
0
3554 TEMPEST DR
$449,007
$454,000
3
2.1
2279
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.
So as my learning experience continues to chug along like the little real estate choo choo train that it is; I have come to really value what is found during the home inspections process and I’d like to share some of my experience with you!
First of all I cannot stress how critical the inspection time period is: From the moment an offer is accepted (and all counters are considered) your inspection period starts.
In our contract it states:
”Buyer shall have ___ business days (ten [10] if not filled in), after the date Buyer and Seller have signed this Agreement (hereinafter the “Inspection Period”), which is to complete all inspections and negotiations with Seller regarding any matters disclosed in any inspection report.”
Now! I don’t want to get too preachy, as our contract has a WEALTH of information that protects both our buyers and sellers. But this portion is super important. Basically what it is saying is that once your offer (as a buyer) is accepted then you have 10 business days to fully inspect the home that you are about to buy. At the end of the 10 business days the inspection period closes and it will be assumed that as the buyer you are accepting the house as is!
How you should see this; is as your safety net for an investment and start your inspections ASAP once you enter those 10 days. The sooner you can collect further information on the house the better, as you will want to further negotiate with the seller about the things you have found.
Now I know that those out there who have the sale of their house in mind are thinking:
“Hey wait a minute! What about me? The sale of my home is my investment as well!”
And that is absolutely correct! During the inspection period it will be critical for you as the seller to allow the buyer to perform these inspections so that they may gather the necessary information on the house, and hopefully buy it from you. Whatever comes back to you as a critical or necessary change to the property (that the buyer wishes to express) becomes your knowledge as well, and as a seller you will want to know.
Now during these 10 business days of the Inspection Period, a buyer can at any time unconditionally disapprove of the house due to the found inspections and leave the contract. Say for instance the entire main bathroom floor is rotted and neither buyer nor seller can afford the costly repair at this time, the buyer can decide to politely take his leave as well as his earnest money.
So all in all I wish to communicate that getting your inspections done promptly once entering into a contract to buy a home is super important for everybody involved. 10 business days may seem like a fair amount of time, but by no means is it a time to put off. The inspection period time is your time in your investment.
It is time to stay up-to-date with what is going on in Lake Oswego’s Real Estate scene! Looks like we have some beautiful new homes that have reached the market that are absolutely worth taking a look at. LOTS of pending properties (23 to be exact!), so we’ll all have some new neighbors soon! And 8 sold homes that will be all moved in hopefully by St. Valentines Day!
Following is the breakdown for you according to RMLS:
New on the Market (Jan 26- Feb 1, 2015)
Address
Type
Price
Bedrooms
Bathrooms
Sqft
86 KINGSGATE RD E102
CONDO
129,900
2
2
924
5225 JEAN RD #311
CONDO
170,000
2
2
1100
210 S STATE ST #7
CONDO
249,000
2
2
1284
1033 HALLINAN ST
DETACHED
309,900
3
1
936
3190 DUNCAN DR
DETACHED
400,000
3
2.5
2401
19 MONTECELLO DR
DETACHED
479,900
6
3
3678
6 NORTHVIEW CT
ATTACHED
532,500
4
3.5
3200
2518 WEMBLEY PARK RD
DETACHED
1,395,000 – 1,495,000
5
4
4200
Pending Sales (Jan 26- Feb 1, 2015)
Address
Type
Price
Bedroom
Bathrooms
Sqft
DOM
1 SW CRESTFIELD CT
CONDO
95,000
1
1
689
18
336 CERVANTES CIR
CONDO
139,500
2
1.5
1112
87
28 CRESTFIELD CT
CONDO
145,000
2
2
995
3
48 EAGLE CREST DR
CONDO
184,900
3
2
1623
10
16351 PACIFIC HWY
DETACHED
339,900
3
3
1754
18
5053 W SUNSET DR
ATTACHED
375,000
2
2.5
1720
2
1327 CEDAR ST
DETACHED
399,900
4
2
2350
26
14201 DOLPH CT
DETACHED
449,000
3
2
1864
11
12460 BOONES FERRY RD
DETACHED
449,950
5
3
3650
493
8 WALKING WOODS DR
DETACHED
515,000
4
3
3105
25
4959 BILFORD LN
DETACHED
549,900
3
2.5
2456
4
5590 KILCHURN AVE
DETACHED
559,900
4
2.5
2472
68
4729 FIRWOOD RD
DETACHED
569,900
3
2.5
2594
87
1625 BEDFORD CT
DETACHED
595,000
2
2.5
2462
9
12511 SHELBY CT
DETACHED
599,900
5
3.5
3641
80
17838 MARYLCREEK DR
DETACHED
735,000
4
3.5
4317
35
15203 LILY BAY CT
DETACHED
779,000
4
2.5
3219
1
5868 SUNCREEK DR
DETACHED
795,000
4
2.5
3164
9
1034 CEDAR ST
DETACHED
799,500
4
3.5
2895
13
2065 RIDGE POINTE DR
DETACHED
849,900
5
4
4790
246
1136 WESTWARD HO DR
DETACHED
895,000
3
2.5
3344
296
1057 BULLOCK ST
DETACHED
945,000
4
3.5
4700
185
1854 OAK KNOLL CT
DETACHED
1,075,000
3
3
3351
147
Sold/Closed (Jan 26- Feb 1, 2015)
Address
Type
List Price
Close Price
Sqft
DOM
40 OSWEGO SUMMIT
CONDO
151,900
148,000
1140
224
4765 FIRWOOD RD
DETACHED
325,000
355,000
1728
3
4940 CENTERWOOD ST
DETACHED
425,000
435,000
2093
3
4630 WILDWOOD ST
DETACHED
469,850
460,000
2067
83
4636 AUBURN LN
ATTACHED
499,900
464,000
2732
118
401 ASH ST
DETACHED
699,900
555,000
5048
414
18375 RIVER EDGE LN
DETACHED
897,950
846,500
3400
27
5055 LAKEVIEW BLVD
DETACHED
890,000
925,032
3498
28
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.
107 Burnham Rd, The Tug Master’s House, circa 1905I think we have all heard of the National Register of Historic Places and have a vague idea that it means you get tax breaks and have to let the public in your house occasionally. At least that is a notion I have had for some time. That is until recently.
Lake Oswego has many historic properties. Touring a home that is currently for sale, a 1920’s church that has been converted to a home, the subject came up and I got curious for details. What I learned is quite different from what my perception had been.
First of all, the requirement to allow the public into your home is long gone. It simply isn’t safe to allow strangers into your home. Second, there are not a lot of tax benefits to the designation. If you own or are buying a home with historic designation it really is about the love of the property and the desire to preserve it.
There are several designations.
1125 Maple St, The Black House, circa 1933The most famous is run by the United States Park Service and is the National Register of Historic Places. To have this designation the property us usually at least 50 years old. It is also either architecturally significant or has been the home of a famous individual or was the location of a famous event. This is by far the most prestigious designation. Lake Oswego has 17 properties that are on the National Register, 13 of which are houses. To find a list of these properties, click here. At the National level there are no tax benefits for these historic properties. At the state level, there are.
The State of Oregon runs its own historic registry that is pretty much all of the Oregon properties that are on the National Historic Registry. The state does offer a tax incentive, but it is tied into the preservation of the property. Essentially you have to propose and get approved a plan that would take 10% of the current market value of the property and apply that same amount of money over the course of 10 years to do substantial rehabilitation projects on the property. Preference is given to projects that improve and maintain the exterior. When finished, you must place an approved plaque on the exterior. In return for doing this, your property taxes are frozen for the same 10 years. For more information about this program, click here.
The last historic designation is local. Lake Oswego has its own historic designation list. There are currently 72 properties on this list. The owners of these properties must retain the character of the exterior, but they can remodel the interior. Any exterior alterations must be consistent with the buildings historic character, and any changes made are subject to review and approval of the Development Review Commission. The City has also, in the past, made available grants of up to $2000 for restoration and preservation of these properties. For the list of Lake Oswego properties, click here.
16906 Cherry Crest Dr, The Laidlaw House, circa 1930I personally really love old homes. My current home was built in 1923 and is likely the original farm house in my Lake Grove neighborhood. I also appreciate when old homes are preserved and neighborhood character is retained. First Addition is a superb example of this. Don’t get me wrong, I love new houses too. For spacious floor plans and large closets, that is the better option. Perhaps the perfect house is a new one that is built in the old style. There are quite of those in Lake Oswego as well.
The bottom line is that I really value and appreciate the efforts at all levels, local to National, that encourages the preservation of historic properties. Perhaps you do as well.
