Tag: real estate

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Market Activity Report ~ Jan 17-23, 2011

There was an amazing amount of “freshening” of listings done last week. Out of 33 properties listed as “new” on the market, only 11 were truly New listings.  Last Week Lake Oswego also saw 16 Pending sales, and 10 Closed sales according to RMLS.

See below for further details according to RMLS:

NEWLY LISTED (Jan 17-23, 2011)

Address List Price # Beds # Baths Total SF Prop Type
16200 PACIFIC HWY #11 $155,700 2 2 1190 CONDO
5225 JEAN RD 307 $165,000 2 2 1100 CONDO
3101 MCNARY PKWY 12 $190,000 2 2.1 1363 CONDO
5215 MADRONA ST $250,000 3 2 1325 DETACHD
2755 GLEN HAVEN RD $325,000 3 2 2088 DETACHD
13332 VERMEER DR $409,900 4 3 2382 DETACHD
9 SPINOSA $459,750 2 2.1 2250 DETACHD
1231 BAYBERRY RD $475,000 3 2 1980 DETACHD
2626 PARK RD $519,000 4 3 2475 DETACHD
14785 UPLANDS DR $675,000 4 3 3325 DETACHD
2311 OSWEGO GLEN CT $989,000 4 4 4529 DETACHD

PENDING SALES (Jan 17-23, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
49 OSWEGO SMT $67,500 1 1 720 CONDO 127
44 EAGLE CREST DR 8 $87,000 2 1 908 CONDO 42
4000 CARMAN DR 46 $99,900 2 2 999 CONDO 14
200 BURNHAM RD 406 $114,000 2 1 1216 CONDO 990
18148 BELMORE AVE $245,000 3 1 1008 DETACHD 3
3535 UPPER DR $275,000 3 2 1373 DETACHD 11
14138 KNAUS RD $275,000 4 2 2001 DETACHD 106
2240 SOUTHSHORE BLVD $309,000 3 1 1120 DETACHD 147
18667 PILKINGTON RD $339,999 4 2.1 2512 DETACHD 241
942 CLARA CT $349,000 4 2.1 3123 DETACHD 194
16 OTHELLO ST $394,000 4 3 2820 DETACHD 189
17187 CARLSON CT $395,000 4 3 2082 DETACHD 118
19415 SW DOGWOOD CT $499,900 5 3 3517 DETACHD 381
1060 UPPER DEVON LN $524,000 3 2.1 2400 DETACHD 464
5705 SOUTHWOOD DR $549,000 4 2.1 3360 DETACHD 314
691 G AVE $620,000 4 2.1 2789 DETACHD 24

SOLD (Jan 17-23, 2011)

Address O/Price Close Price # Beds # Baths Total SF CDOM
322 CERVANTES CIR 12-A $85,000 $47,250 2 1 832 205
1751 ASPEN CT $294,500 $224,000 3 2 1550 113
19167 LONGFELLOW AVE $310,000 $255,890 3 2.1 1782 386
252 N SHORE RD $369,000 $320,000 3 1 2280 428
156 Greenwood RD $309,900 $329,900 2 2 3722 896
762 LAKE FOREST DR $439,900 $425,000 4 3 2400 168
4303 SUNDEW CT $519,995 $506,250 4 2.1 3355 35
567 2ND ST 302 $693,025 $535,000 2 2 1459
17080 FERNWOOD DR $699,900 $590,000 5 3.1 3681 261
15578 VILLAGE DR $799,000 $749,000 3 2.1 3630 35

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 ~ January 23, 2011

There are 28 beautiful homes being held Open Sunday in Lake Oswego according to RMLS.

Enjoy!

Address L/Price # Beds # Baths Total SF Style Open
86 KINGSGATE RD C-102 $139,500 2 2 924 CONDO 2-4PM
5055 FOOTHILLS DR C $239,000 2 2 1252 CONDO 1-4PM
18148 BELMORE AVE $245,000 3 1 1008 DETACHD 2-3PM
5530 BONITA RD $279,999 3 1.1 1200 DETACHD 1-3PM
53 ORIOLE LN $280,000 3 2.1 2072 DETACHD 12-3PM
7 BLOCH TER $285,000 3 2.1 2062 TWNHSE 2-4PM
15245 BOONES WAY $289,900 3 2.1 1600 TWNHSE 1-2:30PM
446 5TH ST $295,000 2 1.1 1092 TWNHSE 1-3PM
18231 TERRY AVE $325,000 3 2 1764 DETACHD 1-3:30PM
16990 LOWER MEADOWS DR $340,000 3 2.1 2000 DETACHD 1-3PM
1830 CLOVERLEAF RD $373,000 5 2 1795 DETACHD 1:30-3:30PM
4500 GALEWOOD ST $420,000 3 3 2408 DETACHD 1-4PM
18700 WOOD DUCK WAY $429,900 4 2 2158 DETACHD 2:30-4:30PM
762 MAPLE ST $449,000 3 2.1 2417 DETACHD 12-3PM
19319 SW DOGWOOD CT $499,900 4 2.1 3105 DETACHD 12-4PM
19263 MEGLY CT $549,900 5 3 3213 DETACHD 12-4PM
19245 SW MEGLY CT $559,900 5 3 3490 DETACHD 12-4PM
14361 SHERBROOK PL $569,000 3 2.1 2100 DETACHD 1-3PM
13615 KNAUS RD $625,000 2 2 1755 DETACHD 1-3PM
2469 MARYLHAVEN PL $649,000 4 3.2 5582 DETACHD 12-3PM
17884 KELOK RD $695,000 5 3.1 4124 DETACHD 1:30-3:30PM
17896 KELOK RD $695,000 6 5.1 4323 DETACHD 1:30-3:30PM
5320 SOUTHWOOD DR $748,000 4 3 3646 DETACHD 3-5PM
1809 HEADLEE LN $850,000 3 2.1 3836 DETACHD 1-3PM
533 Weidman CT $924,900 4 3.1 4108 DETACHD 2-4PM
3136 DOUGLAS CIR $968,950 4 3.1 4132 DETACHD 1-4PM
17010 Chapin WAY $1,099,900 4 3.1 4032 DETACHD 2-4PM
3515 UPPER DR $1,150,000 4 3.1 4061 DETACHD 1-3PM
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Mortgage and Market Tidbits

  • Local Area Trends- According to the latest RMLS Market Action Report, comparing November 2010 with December 2010, a few interesting facts emerge-  Average Sales Price increased in the Portland Metro area by 2.2%, and Closed Sales increased by 14.3% which is the highest monthly level since June.
  • Rates- There is some indication that this increase was due to interest rate swings which may have persuaded uncertain buyers to take action. After remaining for weeks at historic lows, rates jumped for a short time to over 5%. They have since gone back down again to about 4.75% but the temporary increase may  have  convinced  buyers that low rates won’t be around forever.  According to MBS  Quoteline, the volatility of rates which has surfaced in the first weeks of the new year is of course due to shifting economic factors. Prior to Friday’s Employment report, nearly all the economic data was stronger than expected which impacted mortgage rates negatively.  Rates improved after the employment data though, and ended the week nearly unchanged.
  • Pat Goodell of Academy Mortgage says:

    • The Monthly Inflation reports and Retail Sales reports  were not as strong as hoped so rates have stabilized below 5%.  But all indications are that there will be stronger economic data coming out in the next few months which will impact rates negatively again.  There is no reason to expect that rates will continue to be as low as they currently are and most expectations are that by the 2nd half of the year, they will have increased to over 5% again.

  • Portland Metro’s “Grade” To Improve?- The mortgage insurance companies identify cities according to their “risk” of declining values. One mortgage insurance company just upgraded 18  cities nationwide (and downgraded 3). They made no change to Portland yet but it’s a positive sign that they are seeing stronger values in 18 cities nationwide and one mortgage insurance rep did say he expects to see Portland upgraded in the near future.
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Market Activity for January 10-16, 2011

The market activity for Lake Oswego last week was really, really interesting. The last time I did this report, two weeks ago, it reflected the sales for the 2-week holiday period. What caught my eye at that time were that a pretty solid number of houses had sold in the midst of the holidays. Then this last we we had 14 houses go pending, but only 4 new listings come onto the market. That is a huge change from what we have been seeing for some time. Three times more houses went pending last week than came onto the market. If this continues it will shrink the inventory and stabilize prices. It us way too soon to call it any kind of a trend, but it makes me eager to see if it continues.

Along with 4 new listings and 14 pending sales, we had 4 closed transactions.

I also have several observations:
—At my open house on Sunday I had 9 showings. I am happy if I get 2 or 3. And these were not neighbors. I always chat with people to see what their situation is. 8 of the 9 were buyers currently in the market and looking for a home.
—Combine that with the fact that of the 14 pending sales in our report below, 11 are listed at $303,000 or less. What I sense is that the low end of the market is taking off. There has been lots of media chatter about the possibility that the National market has hit bottom. I think people are listening and feeling like the time to buy is now: certainly in the lower end houses.
—Condos are selling well as part of that lower-end inventory. The condos at Oswego Terraces that have been for sale since 2007, languishing in this economy, have had drastic price reductions and that is making them move. Of the 14 pending sales, 3 are in this complex. That has been true for a couple of weeks now. The condos are now priced at a point where buyers like what they see.

See below for further details according to RMLS:

NEWLY LISTED (Jan 10-16, 2011)

Address Price Type BR Bath Sq Feet
200 Burnham Rd #102 $149,000 Condo 1 1 820
18523 Hallberg Ct $234,900 Detached 3 1.5 1307
6025 Carmen Dr $249,950 Detached 3 1.5 1346
18084 Westminster Dr $769,900 Detached 5 3.5 5020

PENDING SALES (Jan 10-16, 2011)

Address Price Type BR Bath Sq. Feet CDOM
16250 Pacific Hwy #63 $99,000 Condo 2 2 1311 1206
16250 Pacific Hwy #77 $110,000 Condo 2 2 1327 1208
200 Burnham Rd #202 $119,000 Condo 2 2 1314 1205
12511 Boones Ferry Rd $159,000 Detached 3 2 1625 137
3854 Botticelli St $185,000 Condo 2 1.5 1132 151
5670 Kenny St $189,000 Detached 3 2 936 139
44 Oriole Ln $220,000 Detached 3 2.5 224 105
240 4th St $269,150 Detached 2 1.5 1080 49
4281 Chapman Way $285,000 Detached 3 2.5 2010 81
17614 Schalit Way $303,900 Detached 3 2 1561 32
18006 Gimley Ct $549,900 Detached 5 4 3225 201
1579 Bay View Ln $639,000 Detached 4 3 4865 33
2607 Palisades Crest Dr $760,000 Detached 4 4.5 5650 244

SOLD (Jan 10-16, 2011)

Address Orig. Price Sold Price type Sq. Feet CDOM
74 Greenridge Ct $289,900 $248,350 Attached 2868 92
16942 Cherry Crest Dr $410,000 $400,000 Detached 2363 11
13888 Shireva Dr $519,900 $430,000 Detached 3756 166
548 Ridgeway Rd $650,000 $650,000 Detached 2830 443

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 ~ January 16, 2011

It is January…  ready, set go!  29 houses open on Sunday in Lake Oswego.  Bring your umbrella and have a ball!

My listing on Lamont Way is Open from 1-3. Dianne will be there and would LOVE to meet some of our Property Blotter readers in person! It’s a truly unique house that is private, has an artistic edge (with space for a studio), and perfect for someone looking for a house that is not “cookie cutter”.  The property on Kilkenny Drive in Palisades is a great one to see also- lots of space w/ gorgeous landscape features, updates and a great view. It is Open from 12-3.

Lots and lots of great houses on tour!

Here is what is being held Open according to RMLS:

Address L/Price # Beds # Baths Total SF Style Time
5054 FOOTHILLS DR #69E $205,000 3 2 1252 CONDO 1-3PM
3535 UPPER DR $275,000 3 2 1373 DETACHD 1-3PM
1228 MAPLE ST $325,000 3 2 1894 DETACHD 1-3PM
4840 LAMONT WAY $325,000 3 2 1793 DETACHD 12-3PM
1459 GREENTREE CIR $335,000 3 2 1683 DETACHD 1-4PM
1851 KILKENNY DR $369,000 4 3 2716 DETACHD 12-3PM
1830 CLOVERLEAF RD $389,000 5 2 1795 DETACHD 1-3PM
151 DEL PRADO ST $399,000 4 2.1 2447 DETACHD 12:30-2:30PM
17802 HILLSIDE WAY $424,900 4 2.1 2965 DETACHD 1-3PM
326 LAKE BAY CT $449,500 3 2 1400 DETACHD 1-3PM
19415 SW DOGWOOD CT $499,900 5 3 3517 DETACHD 12-4PM
19319 SW DOGWOOD CT $499,900 4 2.1 3105 DETACHD 12-4PM
5705 SOUTHWOOD DR $549,000 4 2.1 3360 DETACHD 1-3PM
19263 MEGLY CT $549,900 5 3 3213 DETACHD 12-4PM
19245 SW MEGLY CT $559,900 5 3 3490 DETACHD 12-4PM
17997 Braeden CT $644,860 3 2.1 2984 DETACHD 12-2PM
5511 FIELDSTONE CT $678,950 4 2.1 3037 DETACHD 1-3PM
5533 FIELDSTONE CT $688,950 4 2.1 3115 DETACHD 1-3PM
15459 VILLAGE DR $695,000 4 3.1 3059 DETACHD 1-3:30PM
17884 KELOK RD $695,000 5 3.1 4124 DETACHD 2-4PM
17896 KELOK RD $695,000 6 5.1 4323 DETACHD 2-4PM
1930 INDIAN TRL $699,000 3 3 3260 DETACHD 12:30-3PM
15622 FIELDSTONE DR $718,950 3 2.1 3113 DETACHD 1-3PM
13223 DEERFIELD CT $725,000 5 3.2 4008 DETACHD 1-4PM
17301 CANAL CIR $749,000 3 2.1 1812 DETACHD 3-5PM
4158 CASEY CT $759,900 4 2.1 3385 DETACHD 1-4PM
533 Weidman CT $924,900 4 3.1 4108 DETACHD 2-4PM
3118 DOUGLAS CIR $1,100,000 3 2.1 3562 DETACHD 1-3PM
18222 SIENA DR $1,189,000 4 3.1 3998 DETACHD 1-3PM
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Price it Right!

Price it Right!

Real Estate 101 says that you have four factors to consider when selling your home:  price, condition, terms, and location. You have no control whatsoever over the location.  You do have control over the price, the condition, and the terms.  When getting a house ready to put it onto the market you do want to get it into top-notch condition, particularly in this economy.  A shabby or dirty house is hard to sell because the investors have taken a beating and aren’t flipping homes in great numbers, and owner-occupied buyers rarely want to take on projects.  Terms can attract a buyer and involve you paying closing costs or perhaps even offering a private contract.  This can save a buyer thousands of dollars and will certainly make your home more marketable and perhaps even get you a higher price.  Having said that, in my opinion the queen who wears the crown in this group is price.  Price appeals at every level.  It corrects flaws that you can not change if you are in an undesirable location, it makes a fixer house attractive because it is a bargain, it appeals to buyers who would otherwise want terms because it is an obvious value, and it gets your home attention across the entire market.  It will make your home sell.

I am not advocating that you need to give your home away.  I also realize that you can only sell within a range that you can afford.  If your mortgage is greater than the current value, you need to do a shortsale to get it to be priced right to sell it.  So, yes, price has its limitations.  Do not get mixed up into this equation your need to pay off credit cards or take that luxury cruise you dream about.  The value of your home has nothing to do with your credit card balances.

So how to price it?

First, don’t take it personally.  The market sets the price and you don’t.  Buyers are really, really smart. They shop and compare and figure out value.  When you are priced right, they will see the value and they will make an offer.  This is something you do have control over.  You can work with your Realtor to do the same calculations in the current market to figure out your home’s value.  Once you know that, please do not be offended.

Second, your home’s value is based upon closed sales and not active listings.  When a home in your neighborhood is listed for sale you likely look it up on-line or pick up a flier from out front.  You see the asking price and that tends to stick in your head.  After the home sells there is not much advertising about what it actually closed for.  You are not likely to know if the final price was less than the asking price or if the seller paid concessions such as closing costs.  This means that when the Realtors you interview come to meet with you to discuss your home, you may have an inflated idea of what it is actually worth.  Be prepared to learn what actual sales prices have been.  It is these prices that you need to use to calculate the value of your home.

Third, avoid the temptation to tack on a few thousand dollars to “leave room for negotiating”.  This is like tacking on 6 months to realize a lower final sales price.  Seriously, in this market even a few thousand dollars extra will put buyers off.  When your house seems like it is a higher price to other homes, why should buyers bother with it?  And think about it:  the houses that sold in your neighborhood also had to pay closing costs and do repairs to satisfy their buyers.  No matter where you price it you will be negotiating.  I do want to point out that a well priced home is more likely to sell quickly and at or near the asking price.  When a buyer asks how long has it been on the market, and they hear just a week or so, they know that they can’t haggle you down because you aren’t ready for it.  But when a house has been on the market in excess of 60-90 days, they know that they are going to go in low.  So pricing it right will get you better offers, more quickly.

Last, pay attention to what the market tells you when you do list it.  Are you getting showings?  If you aren’t, you need to do something.  I tell my sellers that it takes about 20 showings to get an offer.  If you get only 1 showing in the first 30 days then you have got a long and slow road ahead.  If you get 10 showings in the first month then you are going to get an offer in the next few weeks.  That is how it works.  It’s not rocket science.  Don’t wait to make changes.  Pay attention and be responsive.  I also recommend that you be in communication with your Realtor to find out what they are hearing.  They can get feed back after showings and also during the Realtor Broker’s Open House.  They can then share with you what they are hearing. This can be helpful with correct pricing and also with finding flaws that you and your Realtor did not foresee, such as leaving a light on in a dark corner or re-arranging furniture.

There is a buyer for every house.  Be smart.  Be pro-active.  Make the market work for you.

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Market Activity Report ~ January 3 – 9, 2011

Last Week Lake Oswego saw 17 New listings, 6 Pending sales, and 8 Closed sales according to RMLS.

See below for further details according to RMLS:

NEWLY LISTED (Jan 3-9, 2011)

Address List Price # Beds # Baths Total SF Prop Type
86 KINGSGATE RD A 203 $91,500 2 2 849 CONDO
4000 CARMAN DR 46 $99,900 2 2 999 CONDO
26 CRESTFIELD CT $115,000 2 2 995 CONDO
4000 CARMAN DR 87 $117,900 2 2 836 CONDO
115 OSWEGO SMT $130,000 2 2 1212 CONDO
5051 FOOTHILLS DR E $208,000 2 2 991 CONDO
3535 UPPER DR $275,000 3 2 1373 DETACHD
5530 BONITA RD $295,000 3 1.1 1200 DETACHD
4090 WESTBAY RD $319,000 2 1 917 DETACHD
57 CONDOLEA TER $379,900 2 2.1 2172 CONDO
1830 CLOVERLEAF RD $389,000 5 2 1795 DETACHD
3220 EDGEMONT RD $569,000 4 3 2159 DETACHD
4869 SAGE HEN WAY $609,900 5 2.1 2863 DETACHD
13615 KNAUS RD $625,000 2 2 1755 DETACHD
17980 MEADOWLARK LN $749,000 3 2.1 3252 DETACHD
16686 MAPLE CIR $819,000 4 3.2 3311 DETACHD
533 Weidman CT $924,900 4 3.1 4108 DETACHD

PENDING SALES (Jan 3-9, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR 49 $64,900 2 1 932 CONDO 79
4 TOUCHSTONE 102 $94,905 4 2 1488 CONDO 144
1692 FIRCREST CT $190,000 4 2.1 2559 DETACHD 5
4314 BOTTICELLI ST $229,000 2 2.1 2098 CONDO 60
19431 SW TUALAMERE AVE $244,900 3 1.1 1308 DETACHD 192
244 Greenridge DR $275,000 3 2 2206 ATTACHD 238
14480 CAMDEN LN $347,000 3 2.1 1944 DETACHD 162
548 RIDGEWAY RD $650,000 4 3 2830 DETACHD 443

SOLD (Jan 3-9, 2011)

Address List Price O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
6447 MCEWAN RD $144,900 $199,900 $141,000 2 1 912 DETACHD 179
2021 CEDAR CT $350,000 $950,000 $300,000 4 3.1 4114 DETACHD 271
16105 INVERURIE RD $429,900 $469,900 $385,000 3 2 2356 DETACHD 685
4859 SAGE HEN WAY $415,000 $415,000 $395,000 4 3 2417 DETACHD 215
13819 PROVINCIAL HILL DR $445,000 $449,000 $430,000 4 2.1 2096 DETACHD 27
3210 FIR RIDGE RD $499,000 $499,000 $490,000 4 3.2 2832 DETACHD 194
3334 Upper DR $595,000 $550,000 $620,000 4 2.1 3408 DETACHD 242
1235 CHANDLER RD $865,000 $985,000 $796,200 5 3.1 3717 DETACHD 183

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 January 9, 2011

The sun is supposed to be peaking out & there are 22 houses scheduled to be held open this Sunday.  One is my listing at 979 Devon Lane.  Come see me from 1-3PM & enjoy a great tour of homes!

Here are the “Opens” according to RMLS:

Address L/Price # Beds # Baths Total SF Prop Type Open
13990 SHIREVA CT $265,000 3 2 1651 DETACHD 2-4PM
53 ORIOLE LN $280,000 3 2.1 2072 DETACHD 12-3PM
17350 KELOK RD $375,000 3 1.1 1415 DETACHD 1-3PM
17187 CARLSON CT $395,000 4 3 2082 DETACHD 1-4PM
17944 TUALATA AVE $418,850 5 3 2325 DETACHD 12-2PM
4500 GALEWOOD ST $420,000 3 3 2408 DETACHD 1-4PM
979 DEVON LN $449,900 4 3.1 2162 DETACHD 12-3PM
12 SCARBOROUGH DR $479,900 4 2.1 2892 DETACHD 1-4PM
19415 SW DOGWOOD CT $499,900 5 3 3517 DETACHD 1-4PM
19319 SW DOGWOOD CT $499,900 4 2.1 3105 DETACHD 1-4PM
5705 SOUTHWOOD DR $549,000 4 2.1 3360 DETACHD 1-3PM
19263 MEGLY CT $549,900 5 3 3213 DETACHD 1-4PM
19245 SW MEGLY CT $559,900 5 3 3490 DETACHD 1-4PM
17981 MEADOWLARK LN $559,900 3 2.1 3250 DETACHD 11-4PM
5511 FIELDSTONE CT $678,950 4 2.1 3037 DETACHD 1-3PM
5533 FIELDSTONE CT $688,950 4 2.1 3115 DETACHD 2:30-4:30PM
15459 VILLAGE DR $695,000 4 3.1 3059 DETACHD 1-4PM
1217 TYNDALL CT $698,500 4 4 5181 DETACHD 2-4PM
15622 FIELDSTONE DR $718,950 3 2.1 3113 DETACHD 1-3PM
5320 SOUTHWOOD DR $748,000 4 3 3646 DETACHD 1-3PM
1309 HORSESHOE CURV $849,000 4 3 3087 DETACHD 1-4PM
3700 UPPER DR $1,390,000 4 3.1 5191 DETACHD 1-4PM
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Market Activity for 12/20/10 to 1/2/11

Happy New Year everyone! Linda and I are hoping you have had memorable holidays and are now getting into the swing of the New Year. This week’s activity report actually covers 2 weeks due to our own holiday break.

I find it really interesting to look at what happened during the holidays. The expectation is generally thought to be not much. Well, that was not the case. 25 houses went pending! I know that is for a 2 week period, but that is right in there with the better weeks during the summer. My advice holds true: buyers who are looking at the holidays are doing so because they are serious buyers. We also had 15 genuinely new listings and 11 closed sales.

New 12/20/10 to 1/2/11

Address Price Type BR Bath Sq Feet
100 Kerr Pkwy #16 $80,325 Condo 2 1.5 823
15938 Quarry RD 8A $99,500 Condo 2 1 991
4425 Thunder Vista Ln $189,900 Condo 3 2.5 1980
17950 Kelok Rd $319,000 Detached 3 2 2376
4821 Dawn Ave $349,999 Detached 3 2 1955
3 Condolea Dr $375,000 Attached 3 3 2198
30 Wilbur St $412,900 Attached 2 2.5 2664
1651 Devon $414,950 Detached 4 2.5 2453
762 Maple St $449,000 Detached 3 2.5 2242
760 Timberline Dr $459,000 Detached 5 3 3058
5714 Charles Cir $460,000 Detached 4 3 2501
14232 Meadow Grass St $629,900 Detached 4 3 2856
15805 Twin Fir Rd $789,000 Detached 4 3.5 2797
568 9th St $838,950 Detached 3 3.5 2825
3736 Eleanor Ct $920,000 Detached 4 3.5 3080

Pending 12/20/10 to 1/2/11

Address Price Type BR Bath Sq. Feet
57 Galen $69,000 Condo 1 1 689
200 Burnham Rd #204 $114,900 Condo 2 2 1313
200 Burnham Rd #209 $135,000 Condo 2 2 1334
4085 Jefferson Pkwy $148,900 Condo 2 2.5 1851
4093 Jefferson Pkwy $159,900 Attached 2 2.5 1359
1751 Aspen Ct $231,900 Detached 3 2 1550
1818 Country Club Rd $249,900 Detached 4 2 1596
14101 Goodall Rd $289,900 Detached 4 2 1816
65 Greenridge Ct $295,000 Condo 2 2 1314
156 Greenwood Rd $305,900 Detached 2 2 3722
1900 Greentree Rd $319,900 Detached 4 3 3032
1866 Kilkenny Dr $330,000 Detached 3 3 3600
2021 Cedar Ct $350,000 Detached 4 3.5 4114
252 North Shore Rd $369,000 Detached 3 1 2280
1931 Woodland Terr $369,000 Detached 4 3 2817
675 10th St $395,000 Detached 4 2 2280
73 Tanglewood Dr $419,900 Detached 4 3.5 4278
762 Lake Forest Dr $439,900 Detached 4 3 2400
775 Boca Ratan Dr $439,990 Detached 4 3.5 2727
15543 Village Dr $524,900 Detached 4 2.5 3081
567 2nd St #302 $535,000 Condo 2 2 1459
12211 Orchard Hill Rd $639,900 Detached 4 3 3941
1643 Village Park Ln $639,900 Detached 4 3.5 4505
1901 Cheryl Ct $949,900 Detached 4 4.5 4863
444 Ridgeway Rd $1,150,000 Detached 3 2 2099

Sold 12/20/10 to 1/2/11

Address Orig. Price Sold Price type CDOM Sq Feet
3433 McNary Pkwy #204 $107,500 $99,900 Condo 39 1008
668 McVey Ave #32 $184,900 $198,450 Condo 6 985
17952 Cardinal Dr $309,900 $288,000 Detached 72 1702
2000 Greentree Rd $359,000 $335,000 Detached 135 2548
864 6th St $399,000 $355,000 Detached 182 2403
17031 Crestview Dr $499,900 $422,500 Detached 496 2403
230 4th St $619,900 $469,000 Detached 123 2165
3103 Wembly Park Rd $720,000 $600,000 Detached 401 3774
5371 Langford Ln $694,950 $674,000 Detached 40 2950
15444 Boones Way $998,500 $940,000 Attached 0 3364
333 Northshore Rd $1,900,000 $1,900,000 Detached 233 5152

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings

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Market Activity for December 13-19, 2010

Last week brought 7 new listings, 6 pending sales, and 8 closed sales to Lake Oswego.

New December 13-19, 2010

Address Price Type BR Bath Sq Feet
16250 Pacific Hwy #81 $99,000 Condo 1 1 841
790 Boca Ratan Dr $249,900 Detached 3 2 2112
12808 SW Boones Ferry $279,000 Attached 3 2.5 1174
1635 Village Park Ln $649,000 Detached 4 3.5 3338
727 Laurel St $650,000 Detached 4 3.5 2924
1309 Horseshoe Curve $849,000 Detached 4 3 3087
14062 Goodall Rd $979,950 Detached 3 3.5 3887

Pending Dec. 13-19, 2010

Address Price Type BR Bath Sq. Feet
200 Burnham Rd #204 $119,000 Condo 2 2 1313
4438 Thunder Vista Ln $169,900 Condo 2 2.5 2040
19211 Marlin Ct $225,000 Detached 3 2.5 2091
19167 Longfellow $279,000 Detached 3 2.5 1782
17952 Cardinal Dr $304,900 Detached 3 2 1702
13888 Shireva $475,000 Detached 4 3 3756

Sold Dec. 13-19, 2010

Address Orig. Price Sold Price type Sq Feet CDOM
5057 Foothills Dr C $189,900 $179,000 Condo 1252 9
17335 Ashley Ct $294,900 $244,000 Attached 2161 83
32 Churchill Downs $448,250 $350,000 Detached 3016 272
2602 Orchard Hill Pl $409,900 $399,000 Detached 2568 44
4685 Upper Dr $600,000 $500,000 Detached 3341 68
17555 Redfern $749,900 $583,000 Detached 3007 256
3943 Tempest $669,000 $599,000 Detached 3714 119
3155 Douglas Circle $985,000 $915,000 Detached 4517 146

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