Tag: real estate

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Market Activity Report ~ March 28 – April 3, 2011

Last Week Lake Oswego saw 19 New properties enter the market, 14 move to Pending status, and 13 Closed sales.

See below for further details according to RMLS:

NEWLY LISTED (March 28-Apr 3, 2011)

Address List Price # Beds # Baths Total SF Prop Type
3930 LAKE GROVE AVE 4A $109,000 2 1 952 CONDO
16250 PACIFIC HWY 71 $129,900 2 2 1305 CONDO
57 GREENRIDGE CT $199,900 2 2 1314 ATTACHD
4316 BOTTICELLI ST $209,000 2 2.1 2098 CONDO
12828 SW BOONES FERRY RD $224,500 2 2.1 1136 ATTACHD
5432 KENNY ST $230,000 3 1 1352 DETACHD
1740 KILKENNY DR $299,950 4 2.1 2000 DETACHD
1851 KILKENNY DR $349,900 4 3 2654 DETACHD
1766 FERN PL $365,000 3 2 1937 DETACHD
7 DEL PRADO ST $479,900 4 3 2232 DETACHD
40 CONDOLEA CT Main $485,000 3 3 2958 CONDO
4080 COLTSFOOT LN $515,000 3 2.1 2884 DETACHD
3435 LAKE GROVE AVE $549,000 4 3 2751 DETACHD
16491 CHAPIN WAY $879,000 4 3 3648 DETACHD
11 HILLSHIRE DR $939,000 5 4.1 5163 DETACHD
17301 BERGIS FARM DR $1,060,000 4 3.1 4737 DETACHD
2133 HAZEL RD $1,175,000 5 3.1 4099 DETACHD
14001 GOODALL RD $1,329,000 4 3.1 5397 DETACHD
882 North Shore RD $1,850,000 4 4.1 3842 DETACHD

PENDING SALES (March 28- Apr 3, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR 41 $69,900 2 1 932 CONDO 36
16200 PACIFIC HWY Main $160,000 2 2 1190 CONDO 11
45 EAGLE CREST DR 308 $169,000 2 2 1124 CONDO 49
16200 PACIFIC HWY 17 $195,000 2 2 1200 CONDO 626
16725 CARNEGIE AVE $244,900 3 2 2022 DETACHD 298
151 KINGSGATE RD $250,000 3 2 1585 DETACHD 61
1 HIDALGO ST $349,900 2 2.1 2489 DETACHD 235
720 TIMBERLINE DR $359,900 3 2.1 1906 DETACHD 15
14402 ORCHARD SPRINGS RD $359,900 5 3 2175 DETACHD 45
2310 STONEHURST CT $559,000 4 2.1 3365 DETACHD 38
5836 SUNCREEK DR $575,000 4 2 2500 DETACHD 151
721 7TH ST $929,000 4 3.1 4228 DETACHD 75
4011 WESTBAY RD $950,000 5 3.1 4518 DETACHD 365

SOLD (March 28- Apr 3, 2011)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY 16 $80,325 $73,000 2 1.1 823 CONDO 51
668 MCVEY AVE 81 $129,900 $77,700 2 1.1 992 CONDO 146
18263 BENFIELD AVE $209,900 $175,000 3 1 912 DETACHD 48
4281 CHAPMAN WAY $301,907 $285,000 3 2.1 2010 DETACHD 81
18591 WAXWING WAY $324,900 $312,000 3 2.1 2145 DETACHD 303
57 CONDOLEA TER $379,900 $370,000 2 2.1 2172 CONDO 48
13364 AUBURN CT $450,000 $405,000 3 2.1 2451 ATTACHD 296
6 MORNINGVIEW LN $659,000 $489,600 4 3 3998 DETACHD 262
13644 TWIN CREEK LN $549,900 $520,000 4 2.1 2758 DETACHD 209
16219 WHITE OAKS DR $549,000 $525,000 4 2.1 2862 DETACHD 18
19019 BRYANT RD $625,000 $630,000 4 3.1 3326 DETACHD 130

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 ~ Sunday, April 3, 2011

Happy Springtime in Lake Oswego! There are 42 homes being held Open according to RMLS. I know that there are a selection of homes in the Hallinan area that are involved in a “Cooperative Open” because my listing at 979 Devon Lane is one of them! (This beautiful property w/Mt Hood & valley views just reduced by $25,000!). We’ll have information on the other homes involved, so come see one & then see all of us! There is also a beautiful “find” at 1851 Kilkenny Drive nearby being held Open that you may want to check out; gorgeous lot & view, tons of updates, and stellar location! (as in: “value” : )

Of those Open, there are 8 properties between $100,000 & $300,000., 14 between $300,000 & $500,000., 16 between $500,000 & $1,000,000., and 4 over a million.
Here you go… Enjoy!

Address L/Price # Beds # Baths Total SF Style Open
6927 MONTAUK CIR $129,000 2 1 968 CONDO 1-3PM
1400 BONNIEBRAE DR $169,500 2 1 864 TOWNHSE 1-3PM
5061 FOOTHILLS DR G $180,000 2 2 991 CONDO 2-4PM
48 EAGLE CREST DR 5F $195,000 2 2 1370 CONDO 1-3PM
16250 PACIFIC HWY 61 $209,000 2 2 1305 CONDO 2-4PM
53 ORIOLE LN $250,000 3 2.1 2072 DETACHD 1-3PM
7 BRITTEN CT $280,000 4 2 2046 TOWNHSE 1-3PM
19250 MAREE CT $299,000 3 2.1 1519 DETACHD 1-3PM
14251 CAMDEN LN $349,000 3 2.1 2179 DETACHD 12-3PM
1851 KILKENNY DR $349,900 4 3 2654 DETACHD 11AM-1PM
1053 HALLINAN ST $349,900 3 2.1 1944 DETACHD 1-3PM
1621 LARCH ST $364,900 3 2.1 3040 DETACHD 1-3PM
1830 CLOVERLEAF RD $367,000 5 2 1795 DETACHD 12:30-2PM
775 BOCA RATAN DR $414,900 4 3.1 2727 DETACHD 11:30AM-1:30PM
960 LAKE FOREST DR $419,900 3 2 2838 DETACHD 1-4PM
979 DEVON LN $425,000 3 3.1 2162 DETACHD 1-4PM
2360 Greentree RD $429,000 3 2.1 2207 DETACHD 2-5PM
17790 WESTVIEW DR $459,900 4 3 3361 DETACHD 1-3PM
19487 SW DOGWOOD CT $469,900 4 3 3105 DETACHD 10AM-5PM
19443 KOKANEE CT $474,700 4 2.1 2807 DETACHD 12-4PM
19319 SW DOGWOOD CT $499,900 4 2.1 3105 DETACHD 10AM-5PM
14674 RAINBOW DR $499,950 4 3 3108 DETACHD 12-3PM
3718 RIVERS EDGE DR $529,900 3 2.1 2536 DETACHD 1-3PM
19285 MEGLY CT $539,900 5 3 3275 DETACHD 10AM-5PM
3 BOLIVAR ST $569,900 5 2.1 4780 DETACHD 1-4PM
19200 MEGLY CT $569,900 6 3 3490 DETACHD 10AM-5PM
1217 TYNDALL CT $599,000 4 4 5181 DETACHD 2-4PM
5511 FIELDSTONE CT $658,950 4 2.1 3037 DETACHD 1-3PM
15566 VILLAGE PARK CT $659,900 5 3.1 4692 DETACHD 1-3PM
17884 KELOK RD $668,000 5 3.1 4124 DETACHD 2:15-4PM
17896 KELOK RD $668,000 5 5.1 4323 DETACHD 2:15-4PM
5533 FIELDSTONE CT $668,950 4 2.1 3115 DETACHD 1-3PM
5321 AMBERWOOD CT $669,900 4 3 3315 DETACHD 2-4PM
15622 FIELDSTONE DR $698,950 3 2.1 3113 DETACHD 1-3PM
5320 SOUTHWOOD DR $728,000 4 3 3646 DETACHD 1-3PM
18020 SKYLAND CIR $895,000 4 3.1 3210 DETACHD 1:30-3:30PM
18209 SIENA DR $994,000 5 3.1 3839 DETACHD 1-3PM
215 CHANDLER PL $995,000 3 2.1 3118 DETACHD 1-4PM
18222 SIENA DR $1,189,000 4 3.1 3998 DETACHD 1-3PM
18024 SKYLAND CIR $1,595,000 4 3.2 4131 DETACHD 12-3PM
1300 SKYLAND DR $1,750,000 4 4.2 6311 DETACHD 1-3PM
2572 GLEN EAGLES PL $1,895,000 5 4.2 6490 DETACHD 1-3PM
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Spring is Poetry

Spring makes poets of all of us!  I thought you might enjoy some of the poetry I was able to find from the lofty among us… as well as the rest!   ~ Happy Spring ~

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Here’s a classic from Rumi:

 

 

 

 

 

The Music We Are

Did you hear that winter’s over? The basil
and the carnations cannot control their

laughter. The nightingale, back from his
wandering, has been made singing master

over the birds. The trees reach out their
congratulations. The soul goes dancing

through the king’s doorway. Anemones blush
because they have seen the rose naked.

Spring, the only fair judge, walks in the
courtroom, and several December thieves steal

away, Last year’s miracles will soon be
forgotten. New creatures whirl in from non-

existence, galaxies scattered around their
feet. Have you met them? Do you hear the

bud of Jesus crooning in the cradle? A single
narcissus flower has been appointed Inspector

of Kingdoms. A feast is set. Listen: the
wind is pouring wine! Love used to hide

inside images: no more! The orchard hangs
out its lanterns. The dead come stumbling by

in shrouds. Nothing can stay bound or be
imprisoned. You say, “End this poem here,

and wait for what’s next.” I will. Poems
are rough notations for the music we are.

 

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Market Activity Report: 3/21-3/27

New listings were way down last week with just 12: probably due to Spring Break. Pending sales were strong at 16, and closed sales were also solid at 14. It’s nice to see more pendings and solds than new listings. Must be the sweet smell of spring.

See below for further details according to RMLS:

NEWLY LISTED (Mar 21-27, 2011)

Address Type Price Sq FT BR Baths
45 Eagle Crest Dr #520 Condo $135,000 768 1 1
5322 Charleton Ct Detached $274,900 1633 3 2.5
7 Britten Ct Attached $280,000 2046 4 2
5978 Fernbrook Circle Detached $309,000 1612 3 2.5
1820 Kilkenny Dr Detached $379,000 3040 4 3
2360 Greentree Rd Detached $429,000 2207 3 2.5
17360 Hunter Ct Detached $478,500 3322 4 2.5
1454 Glenmorrie Dr Detached $505,000 3372 3 2.5
557 2nd St Condo $625,000 1833 2 2.5
1700 Village Park Ln Detached $769,900 4945 4 4
12439 SW 22nd Ave Detached $849,900 4118 4 3.5
340 Ridgeway Rd Detached $1,495,000 3796 4 3

PENDING SALES (Mar 21-27, 2011)

Address Type Price Sq Ft BR Baths CDOM
79 Galen St Condo $69,900 995 2 2 208
668 McVey Ave #82 Condo $109,250 992 2 1.5 46
54 Galen St Condo $119,485 995 2 2 346
5064 Foothills Dr H Condo $209,900 1252 3 2 14
10 Polonius St Detached $264,900 2028 4 3 3
1571 Woodland Terr. Detached $299,900 2400 3 2 106
44 Da Vinci St Detached $339,900 2005 4 2 14
151 Del Prado St Detached $399,000 2447 4 2.5 191
18929 Indian Springs Rd Detached $410,000 3380 4 3 51
6 Churchill Downs Detached $439,950 2922 5 3.5 320
920 Evergreen Rd Detached $475,000 1622 2 2 413
17645 Oak Meadow Ln Detached $510,000 3510 4 2.5 392
5 Cellini Ct Detached $649,900 4895 5 3.5 300
691 Carrera Ln Detached $699,000 3704 5 3.5 255
17833 Marylcreek Dr Detached $749,000 5495 5 4.5 45
18260 River Edge Ct Detached $789,000 4711 4 3.5 160

SOLD (Mar 21-27, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
4631 Lakeview Blvd $93,000 $51,000 Condo 753 177
49 Oswego Summit $75,000 $67,500 Condo 720 127
18021 Tualata Ave Auction $176,400 Detached 1410 338
575 Hemlock St $289,000 $285,000 Detached 1175 289
5204 Rosewood St $344,900 $337,000 Detached 1683 11
30 Wilbur St $412,900 $355,000 Detached 2664 79
326 Lake Bay Ct $439,500 $390,000 Detached 1400 159
13595 Knaus Rd $489,000 $469,000 Detached 3339 226
547 2nd St #202 $559,000 $535,000 Condo 1529 388
2607 Palisades Crest Dr $760,000 $750,000 Detached 5650 244
1309 Horseshoe Curve $849,000 $800,000 Detached 3087 58
585 2nd St #404 $999,000 $835,000 Detached 2147 396
744 9th St $1,075,000 $950,000 Detached 4255 465
13795 Cameo Ct $1,400,000 $1,100,000 Detached 7190 706

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 March 27, 2011

Lake Oswego is going to have 26 open houses tomorrow. Enjoy!

Address Type Price BR Baths Open
194 Ridgeway Rd 11B Townhouse $192,500 2 1 12 to 3
5055 Foothills Dr C Attached $239,000 2 2 1 to 4
151 Kingsgate Rd Detached $250,000 3 2 1 to 4
19420 Marlin Ave Detached $264,795 3 1 12:30 to 2
5322 Charleton Ct Detached $274,900 3 2.5 1:30 to 3:30
6157 Shakespeare Detached $289,900 3 1.5 1 to 4
14251 Camden Ln Detached $349,000 3 2.5 1 to 4
1820 Kilkenny Dr Detached $379,000 4 3 2 to 4
1416 Cherry Crest Dr Detached $419,900 4 3 1 to 4
775 Boca Ratan Dr Detached $424,500 4 3.5 11:30 to 1:30
2360 Greentree Rd Detached $429,000 3 2.5 2 to 5
4750 Auburn Ln Townhouse $439,000 4 3.5 1 to 4
17791 Hill Way Detached $439,698 4 2.5 1 to 3
19443 Kokanee Ct Detached $474,900 4 2.5 12 to 4
19319 SW Dogwood Ct Detached $499,900 4 2.5 10 to 5
3718 Rivers Edge Dr Detached $529,900 3 2.5 1 to 5
19285 Megly Ct Detached $539,900 5 3 10 to 5
19200 Megly Ct Detached $569,900 6 3 10 to 5
13554 Rogers Rd Detached $609,000 4 2.5 11 to 2
17997 Braeden Ct Detached $644,810 3 2.5 2 to 3:30
1930 Indian Trail Detached $669,000 3 3 2 to 4
5321 Amberwood Ct Detached $669,900 4 3 1 to 3
5320 Southwood Dr Detached $728,000 4 3 1 to 3
721 7th St Detached $929,000 4 3.5 12 to 2
18209 Siena Dr Detached $994,000 5 3.5 1 to 3
18222 Siena Dr Detached $1,189,000 4 3.5 1 to 3
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Featured Neighborhood: Birdshill

Lake Oswego has 22 neighborhood associations. This week I want to tell you about Birdshill. Birdshill is one of the smaller associations and is more loosely organized. It consists of two distinct parts. To find Birdshill, you’ll want to be West of the Willamette River, North of Foothills Park, East of Terwilliger, and South of Iron Mountain Blvd./Edgecliff Rd.

Half of Birdshill is the very South end of Dunthorpe. Dunthorpe is a high-end luxury neighborhood that has City of Portland addresses but is actually in un-incorporated Multnomah County. Well, except for the part that is City of Lake Oswego and in Clackamas County. The feel of the neighorhood is large lots situated in a lush, wooded setting. These homes feel like estates. Most of the homes are older, although the occasional newer home does exist.

The other half of Birdshill is along the Willamette River. It’s tucked away and a hair-pin turn off of State Street to find. I really don’t think many people who live in Lake Oswego have ever been down in the area. It is a little gem: particularly if you want access to the river.

Houses along the river often feature deep-water docks and people who have these properties not only enjoy their boats, but a number of them have been known to also have sea planes. You do realize that with the right boat you could leave your back yard in Lake Oswego and travel the pacific to your home in Hawaii? Yes, this location would allow you to do that.

Besides being very close to Foothills Park, the neighborhood is adjacent to Tryon Creek State Park, as well as having a small park on the Willamette River itself.

Because Birdshill is a small neighborhood, at any given time there are only a few houses for sale. Today, there are currently just four. The least expensive is a 1956 daylight ranch with 4 bedrooms, 3 baths, and sitting on .98 of an acre. It’s priced at $525,000. The most expensive is a grand 1932 estate with 4 bedrooms, 3 full baths and 2 half baths, sitting on .86 of an acre that is priced at $2,125,000.

Please let us know if you would like more information about living in Birdshill. As always, Linda and I are here to help.

Dianne

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Market Activity Report March 14-20, 2011

Last Week Lake Oswego saw 15 New properties enter the market, 14 move to Pending status, and 10 Closed sales.

See below for further details according to RMLS:

NEWLY LISTED (Mar 14-20, 2011)

Address List Price # Beds # Baths Total SF Prop Type
6927 MONTAUK CIR $129,000 2 1 968 CONDO
218 CERVANTES $159,000 2 1.1 1320 CONDO
45 EAGLE CREST DR 508 $189,000 2 2 1046 CONDO
18462 DON LEE WAY $299,500 4 2 1904 DETACHD
720 TIMBERLINE DR $359,900 3 2.1 1906 DETACHD
17017 CANAL CIR $375,000 4 2.1 2665 DETACHD
7 PARTRIDGE LN $415,000 3 3 2472 DETACHD
15434 PARTRIDGE DR $422,000 4 2.1 2334 DETACHD
4 NANSEN SMT $545,000 4 2.1 3255 DETACHD
13554 ROGERS RD $609,000 4 2.1 2922 DETACHD
17170 WALL ST $719,900 4 3.1 3446 DETACHD
467 9th ST $750,000 3 2.1 2800 DETACHD
18020 SKYLAND CIR $895,000 4 3.1 3210 DETACHD
18122 MEADOWLARK LN $927,000 3 2.1 2898 DETACHD
1870 CREST DR $1,450,000 4 3.1 4598 DETACHD

PENDING SALES (Mar 14- 20, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
115 OSWEGO SMT $130,000 2 2 1212 CONDO 69
4948 MEADOWS RD $199,900 3 2 2491 DETACHD 214
12847 SW 61ST AVE $272,000 3 2 1635 DETACHD 292
928 LAKE FRONT RD $285,000 4 3 2300 DETACHD 127
14480 CAMDEN LN $313,960 3 2.1 1944 DETACHD 230
5866 RIDGETOP CT $385,000 3 2 1866 DETACHD 25
1692 FIRCREST CT $450,000 4 2.1 2569 DETACHD 0
19263 MEGLY CT $544,900 5 3 3213 DETACHD 174
17754 TREETOP LN $550,000 5 3.1 3668 DETACHD 7
5088 Woodcrest LN $599,900 4 2.1 3063 DETACHD
2757 LAKEVIEW BLVD $725,000 4 3 3321 DETACHD 540
16686 MAPLE CIR $819,000 4 3.2 3311 DETACHD 70
3178 DOUGLAS CIR $819,900 5 4.1 5256 DETACHD 89
100 GARIBALDI ST $875,000 5 3.2 4572 DETACHD 50

SOLD (Mar 14-20, 2011)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
4000 CARMAN DR 46 $99,900 $107,000 2 2 999 CONDO 14
16250 PACIFIC HWY 77 $169,000 $113,450 2 2 1327 CONDO 1208
3952 CARMAN DR $149,800 $149,800 2 2.1 1146 ATTACHD 225
18148 BELMORE AVE $245,000 $245,000 3 1 1008 DETACHD 7
4703 CAMBRIDGE CT $412,000 $395,000 3 2.1 2914 ATTACHD 438
1862 KILKENNY DR $424,900 $400,000 3 2.1 2500 DETACHD 762
17802 HILLSIDE WAY $449,800 $400,000 4 2.1 2965 DETACHD 351
19245 SW MEGLY CT $584,900 $539,000 5 3 3490 DETACHD 246
5157 DENTON DR $719,900 $633,000 4 2.1 3087 DETACHD 174
735 TERRACE DR $1,300,000 $1,200,000 3 2.1 3090 DETACHD 221

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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Lake Oswego Open Houses ~ Sunday, March 30, 2011

There are 25 homes being held Open on Sunday according to RMLS.  The cherry trees are starting to bloom, and spring is ever so close.  Get out and breathe some of that gorgeous air of promise, and see if one of these beauties is “the one” for you!

Here you go:

Address L/Price # Beds # Baths Total SF Prop Type Open
221 CERVANTES $129,000 2 1.1 1180 TOWNHSE 2-4PM
218 CERVANTES $159,000 2 1.1 1320 TOWNHSE 2-4PM
5061 FOOTHILLS DR G $180,000 2 2 991 CONDO 2-4PM
53 ORIOLE LN $250,000 3 2.1 2072 DETACHD 1-3PM
19420 MARLIN AVE $264,800 3 1 1166 DETACHD 12-4PM
15245 BOONES WAY $289,900 3 2.1 1600 TOWNHSE 1:30-3:30PM
19250 MAREE CT $299,000 3 2.1 1519 DETACHD 1-3PM
14251 CAMDEN LN $349,000 3 2.1 2179 DETACHD 1-4PM
1970 GREENTREE RD $399,900 4 3 2428 DETACHD 1-4PM
1416 CHERRY CREST DR $419,900 4 3 2792 DETACHD 1-4PM
775 BOCA RATAN DR $424,500 4 3.1 2727 DETACHD 1-3PM
785 5TH ST $445,000 3 2 2112 DETACHD 1-4PM
17790 WESTVIEW DR $459,900 4 3 3361 DETACHD 11:30-1:30PM
6 WESTRIDGE DR $484,500 4 2.1 3169 DETACHD 1-4PM
4927 HASTINGS DR $532,000 4 2.1 2418 DETACHD 2-4PM
1217 TYNDALL CT $599,000 4 4 5181 DETACHD 2-4PM
3 BOLIVAR ST $599,900 5 2.1 4780 DETACHD 1-3PM
1100 UPPER DEVON LN $649,900 4 3.1 3672 DETACHD 12-3PM
5511 FIELDSTONE CT $658,950 4 2.1 3037 DETACHD 11:30-1:30PM
5533 FIELDSTONE CT $668,950 4 2.1 3115 DETACHD 11:30-1:30PM
5321 AMBERWOOD CT $669,900 4 3 3315 DETACHD 1-3PM
15622 FIELDSTONE DR $698,950 3 2.1 3113 DETACHD 11:30-1:30PM
2351 PALISADES CREST DR $849,000 5 2.1 4498 DETACHD 12-3PM
18209 SIENA DR $994,000 5 3.1 3839 DETACHD 1-3PM
18222 SIENA DR $1,189,000 4 3.1 3998 DETACHD 1-3PM
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News & Notes

This Time of Year: Winter is widely viewed as a great time to buy a home. Sellers typically perceive demand at this time of year to be slow, and therefore Buyers can secure deals that may not be available during other times of the year. I spoke with the owner of a local moving company today, and she was breathless. She told me that they are so busy right now they are having a hard time keeping up…. What she is seeing in her business is an uptick in home purchases… and no wonder! Low interest rates/low prices/a few years of pent-up demand… tis the season!

If you want to take advantage of the annual winter-slowdown as a Buyer, here are some things you will want to do:

– Secure the cash for your down-payment.
– Check your credit score and correct any mistakes.
-Get to know your chosen neighborhood; have your Realtor assemble data on recent sales… in short, be prepared with the facts.
– Walk or drive around your chosen neighborhood. Talk to residents if possible…. Get an idea of what it’s like to live there.
– Be prepared to negotiate. While you can expect to secure a great deal in this market and season, listen to your Realtor regarding how far to go & not go… you want the home you fall in love with, and stepping over a certain line could alienate you from it’s current owners.

While rates are at near-historic lows, they are expected to rise. According to Pat Goodell and Academy Mortgage, rates are expected to rise before prices bottom… and rates affect your financial picture more than price. Here is a scenario that should interest you:

Say a couple wants a P & I mortgage payment today of approximately $1025. At 4.5% they could get a $202,000 loan today.

Here is what that same payment will get them at higher interest rates:

4.5% $202,000
7.5% $146,500
9.5% $102,000
12.5% $ 96,000

So… the point is that a 3% increase in rates can reduce our subject couple’s purchasing power by 25%.

I hope this information has been helpful.
As always, please feel free to call or email with questions, or to ask for help.
Happy house-hunting!

Very Best,
Linda

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Market Activity for March 7-13, 2011

Last Week Lake Oswego saw 17 New properties enter the market, 18 move to Pending status, and 8 Closed sales. This is virtually identical to last week which had 17 new, 17 pending, and 8 closed.

I also want to point out the attached homes on Oakridge and Trillium Woods. That’s the property at Oakridge and Quarry that has been sitting waiting for development for so many years. Three of the new listing are in this development and one pending sale, which you will see sold with no market exposure. It was likely a pre-sale. I am glad to see that land getting not only developed, but apparently offering a product with appeal.

See below for further details according to RMLS:

NEWLY LISTED (March 7-13, 2011)

Address Type Price Sq FT BR Baths
5064 Foothills Dr H Condo $209,900 1252 3 2
4263 Woodside Circle Attached $244,900 2026 3 2
19420 Marlin Ave Detached $264,800 1166 3 1
16964 Maple Circle Detached $295,900 744 2 1
44 Da Vinci St Detached $339,900 2005 4 2
1053 Hallinan St Detached $349,900 1944 3 2.5
4697 Oakridge Rd LT5 Attached $362,920 1738 3 2.5
4699 Oakridge Rd LT6 Attached $376,380 1738 3 2.5
5365 Lakeview Blvd Detached $419,000 1754 4 2.5
4681 Trillium Woods LT8 Attached $433,200 2135 3 2.5
4 Icarus Loop Detached $449,900 2743 4 2.5
4398 Glacier Lily St Detached $450,000 2936 4 2.5
4927 Hastings Dr Detached $532,000 2418 4 2.5
14867 Twin Fir Ct Detached $559,000 3641 7 3.5
17614 Blue Heron Detached $818,950 3150 4 3
17151 Wall St Detached $865,000 4141 7 4
1 Dover Way Detached $899,000 3731 4 3

PENDING SALES (March 7-13, 2011)

Address Type Price Sq Ft BR Baths CDOM
33 Crestfield Ct #33 Condo $44,900 689 1 1 418
5530 Bonita Rd Detached $239,000 1200 3 1.5 64
5031 Tualata Ln Detached $249,900 1492 3 2 300
19211 Marlin Ct Detached $258,500 2091 2 3 9
4382 Woodside Circle Attached $275,000 1250 2 2 37
837 Oak St Detached $295,000 2006 3 2 3
30 Wilbur St Attached $349,900 2664 2 2.5 79
535 B Ave Attached $399,000 1691 2 2.5 592
1677 Laurel St Detached $415,000 2445 4 3.5 117
17491 Blue Heron Dr Detached $419,900 2429 4 2 404
4683 Trillium Woods LT7 Attached $436,150 2135 3 2.5 0
12751 Sierra Vista Dr Detached $469,900 2097 3 2 31
5434 Rosalia Way Detached $497,900 2600 4 2.5 245
3885 Upper Dr Detached $529,000 3122 4 2.5 342
19019 Bryant Rd Detached $625,000 3326 4 3.5 130
553 2nd St #208 Condo $635,000 1816 2 2.5 786
17301 Canal Circle Detached $749,000 1812 3 2.5 342
2990 Glen Eagles Rd Detached $795,000 3650 4 2.5 125

SOLD (March 7-13, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
44 Eagle Crest Dr #9 $74,900 $74,000 Condo 908 5
12511 SW Boones Ferry Rd $204,900 $150,000 Detached 1625 187
186 Oswego Summit #186 $212,000 $192,500 Condo 1506 94
5827 Bonita Rd $399,900 $299,900 Detached 1771 245
18667 Pilkington Rd $399,900 $315,000 Detached 2512 241
942 Clara Ct $549,000 $349,000 Detached 3123 194
18212 Westview Dr $589,900 $550,000 Detached 3464 195
163 Iron Mountain Blvd $1,200,000 $900,000 Detached 4314 102

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