Tag: real estate

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Market Activity ~ June 6 – 12, 2011

There are 18 New properties that have come on the market, 13 in Pending status, and 9 Sold during last week’s 7-day span.  We continue to see a good representation of activity in all price ranges in all three of these categories.
See below for further details (data derived from RMLS):

NEWLY LISTED (June 6-12, 2011)

Address List Price # Beds # Baths Total SF Prop Type
330 CERVANTES CIR 13C $84,000 2 1 832 CONDO
4765 FIRWOOD RD $155,000 3 1 1348 DETACHD
165 Oswego Smt 165 $189,900 2 2 1383 CONDO
3808 BOTTICELLI ST $194,888 3 2 1203 ATTACHD
42 ORIOLE LN $259,900 3 2 1290 DETACHD
4912 LOWER DR $289,000 3 2 1539 DETACHD
5207 ROSEWOOD ST $289,900 3 2 1438 DETACHD
3311 FIR RIDGE RD $359,000 3 2.1 2112 DETACHD
1610 LEE ST $480,000 4 3 2616 DETACHD
1021 YATES ST $489,900 3 2.1 1985 DETACHD
10 MORNINGVIEW CIR $519,900 4 2.1 2850 DETACHD
1033 YATES ST $539,900 4 3.1 2889 DETACHD
427 9TH ST $699,900 5 3.1 3250 DETACHD
1985 COUNTRY CLUB RD $789,900 4 4 3634 DETACHD
4155 CANAL RD $850,000 4 2.1 3736 DETACHD
17090 CHAPIN WAY $875,000 3 3 3480 DETACHD
2650 GLEN EAGLES RD $925,000 3 4 2632 DETACHD
1051 SUNNINGDALE RD $1,100,000 4 3 4161 DETACHD

PENDING SALES (June 6-12, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
668 MCVEY AVE 74 $145,000 1 1 636 CONDO 139
16089 LAKE FOREST BLVD $209,900 3 1.1 1201 DETACHD 331
6367 HIAWATHA CT $329,900 3 2 2230 DETACHD 3
680 TIPPECANOE CT $335,900 4 2.1 1900 DETACHD 57
2089 GLENMORRIE DR $349,000 2 2 1551 DETACHD 351
1119 OAK ST $474,900 4 2.1 2123 DETACHD 283
14867 TWIN FIR CT $525,000 6 3.1 3641 DETACHD 94
13554 ROGERS RD $569,000 5 2.1 2922 DETACHD 87
17610 BROOKHURST DR $729,000 5 3.1 4160 DETACHD 37
4018 COHO LN $779,900 4 4.1 4777 DETACHD 302
583 2ND ST Upper $849,000 2 2.1 2304 CONDO 35
18122 MEADOWLARK LN $927,000 3 2.1 2898 DETACHD 83
18000 EASTRIDGE LN $1,200,000 4 5.1 5554 DETACHD 695

SOLD (June 6-12, 2011)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
5432 KENNY ST $230,000 $213,000 3 1 1352 DETACHD 34
5978 FERNBROOK CIR $309,000 $291,000 3 2.5 1612 DETACHD 41
1952 PARK FOREST AVE $359,900 $356,900 5 3 2856 DETACHD 157
1970 GREENTREE RD $399,900 $375,000 4 3 2428 DETACHD 72
12139 ORCHARD HILL WAY $389,000 $380,000 4 2.1 2632 DETACHD 25
17055 CRESTVIEW DRIVE $424,900 $417,000 4 3 2575 DETACHD 287
1643 VILLAGE PARK LN $799,900 $588,525 4 3.1 4505 DETACHD 440
18955 BRYANT RD $749,900 $695,000 4 2.1 3647 DETACHD 537
425 NORTHSHORE RD $1,175,000 $960,000 4 3 3270 DETACHD 450

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 ~ June 12, 2011

Is Rose Festival really over tomorrow?! That’s what it says on their page… Oh well. Summer is in full swing! Enjoy Lake Oswego’s Farmers’ Market, concerts, and all of the other fun summertime activities to come as we enter what is MY favorite time of year (any brethren summertime-lovers out there??).

If you are looking for a home, or just want to get out and enjoy the day, there are a whopping 36 Beautiful Homes to be held Open in Lake Oswego this Sunday.

Below is what’s on tap according to RMLS. Have fun! And, as always, feel free to email or call Dianne or myself if you find “the one” & need some help.
Here you go:

Address L/Price # Beds # Baths Total SF Prop Type Open
48 EAGLE CREST DR 5F $184,000 2 2 1370 CONDO 1-3PM
4316 BOTTICELLI ST $189,000 2 2.1 2098 TOWNHSE 2-3PM
446 5TH ST $250,000 2 1.1 1092 TOWNHSE 12-2PM
1991 GREENTREE RD $419,000 3 3 2655 DETACHD 12-2:30PM
1561 WOODLAND TER $425,000 3 2.1 2184 DETACHD 12-2PM
1820 KILKENNY DR $429,000 4 2.1 3040 DETACHD 1-3PM
4750 Auburn LN $439,000 4 3.1 2679 TOWNHSE 1-4PM
19521 SW DOGWOOD CT $469,900 5 2.1 2953 DETACHD 10AM-5PM
2375 DELLWOOD DR $475,000 4 3 3690 DETACHD 1-3PM
19487 SW DOGWOOD CT $479,900 4 3 3105 DETACHD 10AM-5PM
4654 Auburn LN $480,000 3 3.1 2732 TOWNHSE 1-3PM
4 NANSEN SMT $529,000 4 2.1 3255 DETACHD 1-3PM
19285 MEGLY CT $539,900 5 3 3275 DETACHD 10AM-5PM
1217 TYNDALL CT $549,000 4 4 4922 DETACHD 2-4PM
2400 DELLWOOD DR $549,900 4 3 3180 DETACHD 1-4PM
8 DEL PRADO ST $579,000 5 3 3637 DETACHD 1-3:30PM
19240 MEGLY CT $579,900 5 3.1 3633 DETACHD 10AM-5PM
19 JUAREZ ST $599,000 3 2.1 3584 DETACHD 3-5PM
5542 DUNMIRE DR $599,900 4 2.1 3204 DETACHD 10AM-5PM
5515 DUNMIRE DR $629,900 4 3 3287 DETACHD 10AM-5PM
5511 FIELDSTONE CT $638,950 4 2.1 3037 DETACHD 12-2PM
17997 BRAEDEN CT $639,890 3 3 2984 DETACHD 1-3PM
5533 FIELDSTONE CT $648,950 4 2.1 3115 DETACHD 12-2PM
14136 HEATHROW LN $649,000 4 2.1 2955 DETACHD 1-4PM
17884 KELOK RD $650,000 5 3.1 4124 DETACHD 2-4PM
17896 KELOK RD $650,000 5 5.1 4323 DETACHD 2-4PM
15622 FIELDSTONE DR $688,950 3 2.1 3113 DETACHD 12-2PM
14100 REDWOOD CT $689,000 4 3 3134 DETACHD 1-3PM
1872 PALISADES TERRACE DR $699,000 5 4.1 4744 DETACHD 1:30-4PM
217 5TH ST $775,000 3 2.1 2097 DETACHD 1-4PM
18977 BARTON RD $878,950 4 3.2 5076 DETACHD 2-5PM
18020 SKYLAND CIR $895,000 4 3.1 3210 DETACHD 1:30-3:30PM
4160 LAKEVIEW BLVD $1,099,000 4 4.1 3904 DETACHD 2-5PM
112 NORTHSHORE CIR $1,695,000 4 3.2 3632 DETACHD 1-5PM
2936 SW LAKEVIEW BLVD $2,100,000 5 3.1 4179 DETACHD 1-3PM
1017 LAKE FRONT RD $2,997,000 5 4.1 4071 DETACHD 1-3PM
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Tips and Tidbits

Your Personal Information – When you are ready to sell and embarking on setting up your listing, you and your Realtor will discuss what (if any) things other than those materially significant to the property may be relayed to an approaching Buyer’s agent. You will likely discuss that you, as the Seller, have confidentiality with your agent unless you specifically direct them to release certain information not material to the property. So, if you are relocating and that is the reason for your move, you may want to ask your agent to go ahead and let agents know (or not). If you are getting married and combining households you may or may not want this shared. If you are really wanting to generate offers and want to let people know that, you -may- want your Realtor to put something like “Motivated Seller” in the remarks… but remember that if you do this, you are letting people know that you will likely accept less than the offer price. The gist is that your personal information is between you and your agent. Sometimes it can be helpful to ask them to share some things if it gives a clear signal that is one that you want to give such as:
* That you are either really motivated, or really relaxed about the sale (depending on your situation),
* That you are in one circumstance or another that may be generally favorable to any Buyer (& therefore that you want communicated),
* That you are putting the home on the market or BOM (back on the market) due to some circumstance not related to the condition of the property, etc.

Then again, you can choose to relay absolutely no personal information at all. Ask your Realtor what he/she thinks. You’re in the driver’s seat.

Inspections – Talk w/your Realtor about inspections and what is allowed during a transaction. The standard contract pretty much allows for the potential Buyer to inspect the property and systems on the property during their allotted time period (often 10 business days). There is also an inspection addendum that sometimes accompanies an offer detailing more specifically what inspections the Buyer may want to employ, and that has a teensy little addition to be aware of that, if filled in, could allow/tack on a few extra days beyond what is specified in the contract for a Buyer to review of all inspection documents & reports & finish negotiating. Just be aware of this and talk with your Realtor about any affect it might or might not have on your transaction time-line should it come up.

Pricing and Negotiating – These days, in my experience, most people offer less than the asked-for price unless it is a multiple offer situation or there are other extenuating circumstances, so don’t be offended by this if you are selling. It is just a sign of the times. How much you offer as a Buyer, or how you respond to an offer as a Seller are things to discuss in depth with your Realtor. The offer ought to be based on real market value, and of course that is a mixture of recent local market data and what an arms-length Buyer is willing to pay for any particular property. Many Buyers note changing market conditions and their anticipation of market decline when offering significantly less than you are asking as a Seller. Your Realtor will be able to counsel you as a Seller on whether or not these rationale are based on any reasonable conjecture or not with regard to your specific property, it’s location, parameters, and recent local market activity. In the end, you as the Seller hold the cards, as you get to decide to either sell or not to sell given what is presented to you and what the limits of negotiation yield.

Hope this info is helpful!
Very Best,
Linda

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Market Activity for May 30 to June 5, 2011

There were 20 new listings in Lake Oswego last week, 23 houses that became pending sales, and 8 closed sales.
See below for further details (data derived from RMLS):

NEWLY LISTED (May 30-June 5, 2011)

Address Type Price Sq FT BR Baths
86 Kinsgate Rd C204 Condo $95,000 938 2 2
4000 Carman Dr #23 Condo $107,000 866 2 2
15360 Twin Fir Rd Detached $289,000 980 3 1
3077 Diane Dr Detached $299,000 2634 4 1.5
4675 Oakridge Rd Lot3 Attached $364,900 1738 3 2.5
4677 Oakridge Rd Lot 4 Attached $369,900 1738 3 2.5
652 D Detached $385,000 1486 3 2
4671 Lakeview Blvd Detached $429,950 2061 3 2
16925 Depot St Detached $499,950 2631 4 2.5
1931 Park Forest Ct Detached $649,900 3866 6 4.5
1708 Oak St Detached $699,000 3450 4 3
18014 Gimley Ct Detached $749,900 4355 5 3.5
3103 Wembley Park Rd Detached $825,000 3597 4 3.5
1427 Horseshoe Curve Detached $1,089,000 2142 2 2
13600 Goodall Rd Detached $1,195,000 3111 5 2.5
1007 Lake Front Rd Detached $1,195,000 1799 3 2
1780 Ridgecrest Dr Detached 1,200,000 2694 4 2.5
1596 View Lake Ct Detached $1,249,000 4814 5 4.5
2936 Lakeview Blvd Detached $2,100,000 4179 5 3.5
1617 Lake Front Rd Detached $2,999,000 4610 4 4.5

PENDING SALES (May 30 to June 5, 2011)

Address Type Price Sq Ft BR Baths CDOM
16250 Pacific Hwy #81 Condo $79,000 841 1 1 167
86 Kingsgate Rd D204 Condo $89,900 924 2 2 26
85 Oswego Summit #85 Condo $129,000 1212 2 2 2
45 Eagle Crest Dr #520 Condo $129,000 768 1 1 72
17950 Kelok Rd Detached $199,900 2376 3 2 153
8 Condolea Dr Condo $239,900 1312 2 2 121
540 Milburn Ct Detached $250,000 1560 3 2 10
17944 Tualata Ave Detached $388,950 2325 5 3 275
4101 Virginia Way Detached $389,000 2752 5 3.5 299
344 4th St Attached $399,500 1731 2 2.5 0
4727 Cambridge Ct Attached $399,900 2914 2 2.5 10
1051 Timberline Dr Detached $399,950 2422 4 3 21
4737 Lakeview Blvd Detached $439,000 2546 4 2.5 15
4869 Sage Hen Way Detached $519,900 2863 5 2.5 150
5155 Woodcrest Ln 21E Detached $565,000 3056 4 2.5 0
5035 Woodcrest Ln Lot19 Detached $585,300 3161 4 2.5 0
1100 Upper Devon Ln Detached $599,000 3672 4 3.5 205
19345 Riverwood Ln 5west Detached $605,900 3367 4 3.5 0
5231 Denton Dr Detached $669,000 3031 4 2.5 4
13254 Deerfield Ct Detached $699,900 3118 4 2.5 26
2811 Arrowhead Ct Detached $879,000 3740 4 3.5 419
11 Hillshire Dr 1/2 Detached $899,000 5163 5 4.5 65
667 Lake Bay Ct Detached $899,900 3361 4 4 422

SOLD (May 30 to June 5, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
4425 Thunder Vista Ln $179,900 $147,000 Condo 1518 110
4263 Woodside Circle $244,900 $232,000 Attached 2026 64
19250 Maree Ct $319,000 $281,000 Detached 1519 81
510 5th St $399,000 $357,350 Attached 1524 53
1766 Fern Place $365,000 $360,000 Detached 1937 18
1930 Indian Trail $856,000 $644,000 Detached 3260 332
3931 Bass Lane $1,150,000 $645,000 Detached 3310 682
1956 Cheryl Ct $1,295,000 $1,300,000 Detached 5173 16

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 for June 5th, 2011

This is going to be a seriously great weekend to get into some open houses. Not only is it the National Association of Realtor’s Nationwide open house weekend, but we are forecast to have 80 degrees and sunshine! Making the most of the opportunity are 41 open houses currently scheduled with the RMLS. Enjoy!

Address Type Price BR Baths Open
221 Cervantes Attached $128,000 2 1.5 12 to 2
1400 Bonnie Brae Dr Attached $141,500 2 1 1 to 3
5061 Foothills Dr G Condo $169,000 2 2 1 to 3
5064 Foothills Dr H Condo $199,900 3 2 1 to 3
8 Condolea Dr Condo $239,900 2 2 1 to 3
14402 Sherbrook Pl Detached $309,000 3 2.5 1 ro 3
62 Weatherstone Ct Attached $325,000 4 3.5 1 to 3
6367 Hiawatha Ct Detached $329,900 3 2 1 to 4
5324 Lower Dr Detached $330,000 3 2.5 2:30 to 4:30
29 Becket St Detached $399,900 3 2.5 1 to 3:30
2697 Lookout Ct Detached $415,000 3 2 11 to 1
3554 Tempest Detached $419,500 3 2.5 1 to 4
17360 Hunter Ct Detached $450,000 3 2.5 1:30 to 4
19443 Kokanee Ct Detached $474,000 4 2.5 12 to 4
1210 Wells St Detached $475,000 6 3.5 1 to 3
12 Scarborough Dr Detached $479,900 4 2.5 2 to 4
919 Cumberland Rd Detached $495,000 4 3.5 1 to 4
31 Touchstone Detached $499,900 5 3 1 to 3
5843 Ridgetop Ct Detached $525,000 4 3 12 to 2
17981 Meadowlark Ln Detached $529,900 3 2.5 11 to 2
3815 Southshore Blvd Detached $548,000 4 2 2 to 4
13554 Rogers Rd Detached $589,000 4 2.5 1 to 4
19 Juarez St Detached $599,000 3 2.5 11 to 4
5511 Fieldstone Ct Detached $638,950 4 2.5 2 to 4
5533 Fieldstone Ct Detached $648,950 4 2.5 2 to 4
19124 Megan Pl Detached $649,900 5 2.5 1 to 4
1931 Park Forest Ct Detached $649,900 6 4.5 12 to 3
17896 Kelok Rd Detached $650,000 5 5.5 12 to 2
17884 Kelok Rd Detached $650,000 5 3.5 12 to 2
5231 Denton Dr Detached $669,000 4 2.5 1 to 3
15622 Fieldstone Dr Detached $688,950 4 2.5 1 to 3
5625 Southwood Dr Detached $689,000 4 2.5 12 to 2
629 Iron Mountain Blvd Detached $699,900 3 2 2 to 4
4076 Orchard Dr Detached $700,000 4 3.5 11 to 1
14231 Dolph Ct Detached $725,000 4 2 1 to 4
4018 Coho Ln Detached $779,900 4 4.5 12 to 3
18977 Barton Rd Detached $879,000 4 3.5+.5 2 to 5
4160 Lakeview Blvd Detached $1,099,000 4 4.5 2 to 5
3149 Douglas Circle Detached $1,195,000 4 3.5+.5 12 to 2
1066 Northshore Rd Detached $1,393,000 4 5.5 2 to 4
2572 Glen Eagles Pl Detached $1,698,500 5 4.5+.5 2 to 4
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Opportunities and Attitudes

Please forgive me if I tend to be relentlessly optimistic. Believe me, if there is anyone who understands that the last several years have been a real estate horror story, it’s me. Having said that, we have to work with what we have to work with. Even in the most challenging times there remain ways to take advantage of the circumstances and use them to your benefit. It just might make you some money. It also just might make you a person who finds that today is a good day.

So it is with some pleasure that I found some great information in two recent editorials by Robert J. Samuelson. Mr. Samuelson is a contributing editor for Newsweek magazine and for The Washington Post. He has been writing about business and economic issues since 1977.

I’d like to share with you some of his recent commentary:

Young buyers to catch a break
Published on May 9, 2011, this editorial focused on the benefits that the recent housing market holds for young buyers. The benefits are two fold. First, prices have plummeted. “Up to a point, the lower home prices merely deflate the artificial ‘bubble.’ But there’s evidence that the declines transcend that. The National Association of Realtors routinely publishes a housing ‘affordability’ index, which judges the ability of median families to buy the median-priced home at prevailing interest rates. By this measure, existing homes are the most affordable since the index started in 1970.” This means that young buyers have a better opportunity to enter the housing market. Second, today’s new construction is coming down in size. “From 1973 to 2007, the size of the average new home grew by about 50 percent, from 1,660 square feet to 2,521 square feet. By 2009, that was 2,438 square feet, with more declines expected.” Being less expensive to heat, cool, and maintain, these smaller homes are also a boon to home buyers. Samuelson argues that the main beneficiaries of these changes are young buyers. “…crisis pass and have unintended consequences. The young just might catch a much-needed break from this one.” As a Mom with 2 kids about to have their first taste of home ownership, I hope this is true.

Greatest barrier to recovery could be pessimism”
This commentary was published on May 23, 2011. In it Mr. Samuelson states “It may be time to move beyond pessimism. Ever since the financial crisis, Americans have wallowed in fear and anxiety.” While acknowledging that there remains real hardship, he also points out that “the recovery seems increasingly self-propelled. Americans are shopping again, albeit with less fervor; exports are improving; companies are hiring. Massive government spending and the Federal Reserve’s low interest rates seem less crucial to growth. Although this is good news, the pervasive post-crisis gloom prevents us from acknowledging it.” Mr Samuelson sees 3 imbalances that abetted the recession: consumer overspending, the trade deficit, and the housing “bubble”. Consumer spending has dropped way down. Consumer debt service (repayment of principle and interest) has gone from 14% of personal income to 12%. At the same time the saving rate has gone from 1% to somewhere between 5 and 6%. “The difference exceeds $200 billion in potential annual purchasing power.” As for the trade deficit, “By 2010, the overall deficit had dropped by $496 billion.” Yep, billion. Finally, housing: “True, it’s still depressed. But the worst may be past. Mortgage delinquencies are falling. Meanwhile, pent-up demand is growing.” He concludes with this observation: “…the larger message is that the recovery is feeding on itself. Healthy economic growth doesn’t have to be supported by government and, ideally, is not frustrated by perverse policies. The greatest barrier to recovery now could be psychology–stubborn gloom–which conditions household and business spending decisions. There is a curious role reversal. Foolish optimism led to the financial crisis and recession by assuming things would work out for the best. Now, reflexive pessimism weakens growth by ignoring good news or believing it can’t last.”

I found both of these commentaries really informative. I have no idea how long this housing down turn will last, but I find it helpful that within the National media there is now a dialogue that is suggesting both an economic recovery and a silver lining that can be found in the current economic climate.

Thanks for reading,
Dianne

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Market Activity ~ May 23 – 29, 2011

There are 27 New properties that have come on the market, 14 in Pending status, and 16 Sold during last week’s 7-day span.
See below for further details (data derived from RMLS):

NEWLY LISTED (May 23-29, 2011)

Address List Price # Beds # Baths Total SF Prop Type
4000 CARMAN DR #100 $125,000 2 2 935 CONDO
168 OSWEGO SMT B-23 $129,000 2 2 1383 CONDO
194 RIDGEWAY RD 11B $179,900 3 1 1659 CONDO
5836 LAKEVIEW CT $224,900 3 1 1296 DETACHD
1373 BONNIEBRAE DR $229,000 3 2 1393 ATTACHD
5055 FOOTHILLS DR $229,900 3 2 1252 CONDO
540 MILBURN CT $250,000 3 2 1560 DETACHD
16475 BONAIRE AVE $255,000 3 1 1214 DETACHD
13985 SUNDELEAF DR $279,000 3 2 1278 DETACHD
1057 C AVE $299,999 2 1 1048 DETACHD
17013 CHERRY CREST DR $399,000 4 3.1 3227 DETACHD
17095 rebecca LN $399,900 4 3 2020 DETACHD
13020 PRINCETON CT $457,000 5 2.1 3004 DETACHD
133 FURNACE ST $469,000 2 2.1 1927 CONDO
4725 FIRWOOD RD $479,500 3 2.1 2557 DETACHD
4654 Auburn LN $480,000 3 3.1 2732 ATTACHD
4729 FIRWOOD RD $489,500 3 2.1 2594 DETACHD
2814 VALE CT $569,000 4 3 3192 DETACHD
5698 LA MESA CT $625,000 4 2.1 2546 DETACHD
6135 MCEWAN RD $649,900 2 1 1104 DETACHD
5625 SOUTHWOOD DR $689,000 4 2.1 3280 DETACHD
14100 REDWOOD CT $689,000 4 3 3134 DETACHD
13020 KNAUS RD $699,000 3 2.1 2545 DETACHD
14231 Dolph CT $725,000 4 2 2580 DETACHD
217 5TH ST $775,000 3 2.1 2097 DETACHD
4679 DOGWOOD DR $799,900 5 3.2 4351 DETACHD
1193 FAIRWAY RD $3,595,000 5 4.2 7028 DETACHD

PENDING SALES (May 23-29, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4057 JEFFERSON PKWY $157,000 3 2.1 1228 ATTACHD 8
6 CONDOLEA DR $198,000 2 2 1312 CONDO 118
15119 QUARRY RD $264,900 3 2 2106 DETACHD 15
8 MOUNTAIN CIR $267,000 3 2 1316 ATTACHD 45
1728 ASPEN CT $319,900 3 2.1 1852 DETACHD 231
19026 SW INDIAN SPRINGS RD $329,900 5 3 2841 DETACHD 630
4699 Oakridge RD Lot 06 $378,980 3 2.1 1738 ATTACHD 78
150 IRON MOUNTAIN BLVD $449,900 3 2.1 2868 DETACHD 25
5016 Woodcrest LN 15e $506,600 3 2.1 2323 DETACHD
770 5TH ST $525,000 3 2.1 2721 DETACHD 468
17288 LOWENBERG TER $769,900 4 3.1 3467 DETACHD 528
16818 SYLVAN CT $799,000 4 2.1 3209 DETACHD 33
17330 CEDAR RD $1,195,000 4 3.1 2655 DETACHD 5
17590 Kelok RD $1,499,000 5 4 5650 DETACHD 11

SOLD (May 23-29, 2011)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #41 $69,900 $69,900 2 1 932 CONDO 36
16725 CARNEGIE AVE $316,900 $235,000 3 2 2022 DETACHD 298
17614 SCHALIT WAY $303,900 $257,000 3 2 1561 DETACHD 136
15245 BOONES WAY $289,900 $292,500 3 2.1 1600 ATTACHD 292
12 HOTSPUR ST $325,000 $325,000 3 2 1876 DETACHD 27
19189 INDIAN SPRINGS RD $339,500 $325,000 4 3 2156 DETACHD 229
14251 CAMDEN LN $380,000 $336,500 3 2.1 2179 DETACHD 276
2 BARTOK PL $375,000 $360,000 4 2.1 2332 DETACHD 285
4160 CHAPMAN WAY $389,900 $389,900 3 2 1800 DETACHD 3
4920 MULHOLLAND DR $555,000 $390,000 3 2.1 2498 ATTACHD 731
777 BERWICK CT $475,000 $390,000 3 2 2324 DETACHD 226
17491 BLUE HERON DR $419,900 $450,000 4 2 2429 DETACHD 404
6132 SUMMER WOODS $489,900 $475,000 4 2.1 2778 DETACHD 10
3886 TAMARACK LN $599,000 $537,500 4 3.1 4010 DETACHD 168
649 9TH ST $789,000 $645,000 3 2.1 2812 DETACHD 327
17833 MARYLCREEK DR $775,000 $730,000 5 4.1 5495 DETACHD 58

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 ~ May 29, 2011

There are 17 Beautiful Homes to be held Open in Lake Oswego this Sunday.

Here is what’s on tap according to RMLS.

Enjoy!

Address L/Price # Beds # Baths Total SF Style Open
16950 LAKERIDGE DR $399,000 4 2.1 2305 DETACHD 12-2PM
312 4TH ST $424,950 2 2.1 1731 TOWNHSE 12-2PM
962 COUNTRY COMMONS LN $429,000 3 2 1832 DETACHD 1:30-5PM
133 FURNACE ST $469,000 2 2.1 1927 CONDO 1-3PM
19443 KOKANEE CT $474,000 4 2.1 2807 DETACHD 12-4PM
12 SCARBOROUGH DR $479,900 4 2.1 2892 DETACHD 2-4PM
19240 MEGLY CT $579,900 5 3.1 3633 DETACHD 10AM-5PM
19 JUAREZ ST $599,000 3 2.1 3584 DETACHD 2-5PM
5542 DUNMIRE DR $599,900 4 2.1 3204 DETACHD 10AM-5PM
5511 FIELDSTONE CT $638,950 4 2.1 3037 DETACHD 12-2PM
14390 PFEIFER DR $639,900 5 3 3337 DETACHD 1-3PM
17997 BRAEDEN CT $644,820 3 3 2984 DETACHD 1-3PM
5533 FIELDSTONE CT $648,950 4 2.1 3115 DETACHD 12-2PM
15622 FIELDSTONE DR $688,950 3 2.1 3113 DETACHD 12-2PM
1541 MAPLE ST $729,000 4 4 3215 DETACHD 1-3PM
4160 LAKEVIEW BLVD $1,099,000 4 4.1 3904 DETACHD 2-4PM
2572 GLEN EAGLES PL $1,698,500 5 4.2 6490 DETACHD 11AM-1PM
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Tips & Tidbits

New Loan Program: Good news! According to my very reliable source, Pat Goodell of Academy Mortgage, now Lenders in Portland can do Conventional loans with 3% down which may make the Conventional loan an even better option than FHA! There are different variables, though- FHA requires 3.5% down for buyers with high credit scores. Conventional loans require 3% down, and/but it needs to be the buyers’ own savings and not a gift, whereas FHA allows the 3.5% down to be a gift.

Your Loan… Your Credit… During a Transaction: Just a reminder that it is VERY important to heed your lender’s advice NOT to do anything with regard to your credit during a transaction. Occasionally you hear of a Buyer who decides to buy a new car while involved in a transaction. More often Buyers just want to “help” and think they can improve their standing by removing money from a line of credit and depositing it in one of their accounts, or consolidating debt, or closing old accounts… Please listen when we say… Just Don’t! Leave the lending process to the lending professionals who are there to help you, and don’t do anything at all in this regard without first discussing it with your lender.

Lake Oswego Services Activity Guide: It is obvious to most that lake Oswego is a vibrant community with so much to offer its citizens in a myriad of different areas of interest and need. You can now click here to access the Services Activity Guide and/or call 503-635-0257 for more information. Summer’s upon us… time to find out more about what’s happening in LO!

Farmers Market: Lake Oswego’s acclaimed Farmers Market is in full swing. Join all the fun & sun-loving Lake Oswegans at Millenium Park Plaza on Saturdays from 8:30Am till 1:30 PM. You’ll find fresh flowers, produce, plants, poultry, chicken, eggs, cheeses, honey, salsa, lavender…. way too much to list here!

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Market Activity for May 16-22, 2011

Last week in Lake Oswego 21 new listings came onto the market, 19 houses became pending sales, and 15 sales closed. I always look for an interesting bit of information as I put together these reports. What stood out this week was the fact that of the 15 closed sales, 8 sold in less than 30 days, of which 2 sold in less than a week. So there are signs of life in this real estate market. A house that is well priced and in the right condition will sell quickly.
See below for further details (data derived from RMLS):

NEWLY LISTED (May 16-22, 2011)

Address Type Price Sq FT BR Baths
322 Cervantes Cir Condo $99,990 832 2 1
4057 Jefferson Pkwy Attached $157,000 1228 3 2.5
3878 Botticelli St Attached $199,000 1171 3 2
15471 Brianne Ct Attached $249,900 1204 2 2.5
6138 Kenny St Detached $289,900 1190 3 1.5
755 5th St Detached $349,000 927 2 1
17071 Rebecca Ln Detached $399,900 2020 4 3
4727 Cambridge Ct Attached $399,900 2914 2 2.5
4737 Lakeview Blvd Detached $439,000 2546 4 2.5
3811 Childs Rd Detached $450,000 2006 3 2.5
46 Touchstone Detached $465,000 2271 4 3
14 Northview Ct Detached $475,000 2863 4 3.5
18 Morningview Cir Detached $540,000 2931 3 2.5
14390 Pfeifer Dr Detached $639,900 3337 5 3
14600 Pfeifer Way Detached $675,000 3462 4 2.5
4076 Orchard Dr Detached $759,000 3991 4 3.5
16827 Scott Ct Detached 829,000 3952 4 3.5
2917 Westview Cir Detached $1,150,000 4470 5 4.5
590 Oak Meadows Dr Detached $1,190,000 4584 4 4.5
3149 Douglas Cir Detached $1,195,000 5237 5 3.5+.5
17618 Crestline Dr Detached $1,495,000 6317 4 3.5+.5

PENDING SALES (May 16-22, 2011)

Address Type Price Sq Ft BR Baths CDOM
16250 Pacific Hwy #71 Condo $114,900 1305 2 2 50
20 Cervantes Cir Condo $136,500 912 2 1.5 34
218 Cervantes Condo $149,000 1320 2 1.5 65
5110 Lakeview Blvd Detached $239,500 1340 3 2 455
3 Saint Helens Cir Detached $249,500 1472 2 2 82
17401 Hill Way Detached $249,900 1597 3 2 90
1740 Kilkenny Dr Detached $274,999 2000 4 2.5 45
4235 Harvey Way Detached $279,000 1384 3 2 556
9 Churchill Downs Detached $339,900 1914 3 2 13
1270 Hida A Way Ln Detached $350,000 1907 3 2.5 19
960 Lake Forest Dr Detached $419,900 2838 3 2 424
4398 Glacier Lily St Detached $425,000 2936 4 2.5 67
1831 Kilkenny Dr Detached $425,000 2597 5 3 8
14674 Rainbow Dr Detached $449,000 3108 4 3 206
5287 Langford Ln Detached $599,900 2972 4 2.5 342
12387 Clara Ln Detached $750,000 3547 4 3 19
17471 Cardinal Dr Detached $899,900 3181 4 3.5 178
1115 Northshore Rd Detached $1,250,000 4330 4 4.5 385
14001 Goodall Rd Detached $1,329,000 5397 4 3.5 48

SOLD (May 16-22, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
3930 Lake Grove Ave 4A $109,000 $103,500 Condo 952 11
200 Burnham Rd #203 $115,000 $105,000 Condo 1160 6
100 Leonard St #3 $249,000 $220,000 Condo 1364 23
4382 Woodside Cir $275,000 $254,900 Attached 1250 37
928 Lake Front Rd $345,000 $285,000 Detached 2300 127
1459 Greentree Cir $310,000 $307,000 Detached 1683 156
1925 Mapleleaf Ct $389,900 $405,000 Detached 2096 3
1416 Cherry Crest Dr $439,900 $412,000 Detached 2792 45
4978 Bilford Ln $449,000 $440,000 Detached 2456 19
19319 SW Dogwood Ct $519,900 $480,000 Detached 3105 307
3885 Upper Dr $729,000 $499,000 Detached 3122 342
1088 Westward Ho Rd $648,000 $550,000 Detached 1837 86
5 Cellini Ct $697,000 $629,000 Detached 4895 323
17301 Bergis Farm Dr $1,060,000 $990,000 Detached 4737 12
17960 Crestline Dr $1,375,000 $1,250,000 Detached 3251 16

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