Last week brought 11 new listings to Lake Oswego, 12 Pending sales, and 12 closed sales. Interesting to me was that all of the new listings are around 500k or less. That is the price range that is selling best. There is a very direct impact, in my opinion, on the sales activity that has been created by the First-time Homebuyer Tax Credit that is part the Federal Government’s stimulus package. No, I don’t think a first-time buyer will be buying a $500,000 house. But I do think the houses that are $350,000 or less will be in large part purchased by first-time buyers. And the homeowners who sell those will either buy again or choose to rent. So there may be some push up to the homes priced just up from the $350,000 range. The tax credit requires that buyers close on their purchase by the end of November. So for this week’s new listings, I would think that they are well positioned for a quick sale if they a in nice condition and priced correctly.
Having said all of that about last week’s new listings, I also make note of the sale at 890 Lakeshore: $2,275,000 and it sold in just 13 days, for full price.
(see below the tables for additional notes):
NEWLY LISTED (August 10—August 16, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
LIST DATE
|
| Address | List Price | # BR | # BTHS | Total SF | Prop Type | List Date | ||
| 4 TOUCHSTONE | $179,500 | 2 | 2 | 984 | CONDO | 8/13/2009 | ||
| 5354 LOWER DR | $309,000 | 3 | 1 | 1,565 | DETACHD | 8/10/2009 | ||
| 406 8th ST | $365,000 | 3 | 1.1 | 2,437 | DETACHD | 8/13/2009 | ||
| 16240 PARKER RD | $374,700 | 3 | 2 | 1,454 | DETACHD | 8/15/2009 | ||
| 18922 REDWING WAY | $379,900 | 4 | 2 | 2,076 | DETACHD | 8/12/2009 | ||
| 15580 PARTRIDGE DR | $398,000 | 4 | 2.1 | 2,245 | DETACHD | 8/13/2009 | ||
| 31 DA VINCI ST | $424,900 | 4 | 2.1 | 2,232 | DETACHD | 8/13/2009 | ||
| 17221 ROBB PL | $427,500 | 3 | 2 | 1,812 | DETACHD | 8/13/2009 | ||
| 138 KINGSGATE RD | 435000 | 3 | 2.1 | 1,600 | DETACHD | 8/12/2009 | ||
| 17886 TUALATA AVE | 468500 | 4 | 2 | 1,994 | DETACHD | 8/10/2009 | ||
| 939 SUNNY HILL DR | 515000 | 4 | 2.1 | 3,254 | DETACHD | 8/15/2009 |
PENDING SALES (August 10-August 16, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | List Price | # BR | # BTHS | Total SF | Prop Type | CDOM | |||
| 14431 SHERBROOK PL | $249,900 | 4 | 3 | 2,605 | DETACHD | 254 | |||
| 17928 ROYAL CT | $269,900 | 3 | 2 | 1,272 | DETACHD | 111 | |||
| 5 PEACOCK PL | $299,950 | 4 | 2.1 | 1,760 | DETACHD | 135 | |||
| 4 WHEATHERSTONE | $334,950 | 3 | 2.1 | 1,692 | CONDO | 86 | |||
| 16695 GLENWOOD CT | $449,000 | 4 | 3 | 3,104 | DETACHD | 336 | |||
| 3355 UPPER DR | $470,000 | 4 | 2 | 3,205 | DETACHD | 23 | |||
| 2981 VALE CT | $475,000 | 5 | 2.1 | 3,516 | DETACHD | 436 | |||
| 14121 GABRIELLE CT | $609,000 | 4 | 2.1 | 3,006 | DETACHD | 55 | |||
| 5501 RACHEL LN | 679900 | 4 | 2.2 | 3,509 | DETACHD | 623 | |||
| 5831 SUNCREEK DR | 685000 | 4 | 2.1 | 2,733 | DETACHD | 27 | |||
| 18051 KELOK RD | 799000 | 5 | 3.1 | 3,670 | DETACHD | 401 | |||
| 1149 LAKESHORE RD | 1150000 | 4 | 2.1 | 2,660 | DETACHD | 143 |
SOLD (August 10-August 16, 2009)
| ADDRESS | ORIG. PRICE | SALE PRICE |
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | O/Price | Close Price | # BR | # BTHS | Total SF | Prop Type | CDOM | ||
| 82 OSWEGO SMT | $220,000 | $210,000 | 2 | 2 | 1,212 | CONDO | 82 | ||
| 16501 LAKE FOREST BLVD | $319,900 | $299,900 | 3 | 1 | 1,429 | DETACHD | 52 | ||
| 5214 LOWER DR | $659,000 | $356,000 | 4 | 2.1 | 2,904 | DETACHD | 547 | ||
| 12537 27TH PL | $369,000 | $369,500 | 4 | 2.1 | 2,375 | DETACHD | 12 | ||
| 1462 Worthington ST | $424,000 | $395,000 | 4 | 3 | 1,800 | DETACHD | 108 | ||
| 17144 Warren CT | $585,000 | $500,000 | 4 | 2.1 | 2,725 | DETACHD | 335 | ||
| 2161 HILLSIDE CT | $699,900 | $519,900 | 4 | 3 | 3,347 | DETACHD | 357 | ||
| 645 COUNTRY CLUB RD | $975,000 | $750,000 | 4 | 2.1 | 3,262 | DETACHD | 570 | ||
| 17259 LOWENBERG TER | $999,900 | 770000 | 4 | 2.1 | 2,955 | DETACHD | 662 | ||
| 943 SW ATWATER RD | $1,435,000 | 930000 | 4 | 2.1 | 3,874 | DETACHD | 331 | ||
| 3155 DOUGLAS CIR | $1,379,000 | 965000 | 5 | 3.2 | 4,517 | DETACHD | 385 | ||
| 890 LAKESHORE RD | 2275000 | 2275000 | 3 | 3.1 | 3,200 | DETACHD | 0 |
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.

Here in Lake Oswego we are blessed with the long, warm days of summer that come on the heals of the misty and rainy days of May and June. The combination, along with personal commitment to gardening, leads to a rich bounty that is currently at its abundant peak. I don’t know of a better place to see this, in all of its glory, than at the community garden at Luscher Farm.
The community garden is just one part of Luscher Farm, but it is a high-light, for sure.
If you are not a returning gardener, but would like to have a garden plot next summer, I recommend that you call the City of Lake Oswego Parks and Recreation Department on December 1st to find out the date and time that the plots will be distributed. In the past they were given out on a first-come-first-served basis and all plots were gone within an hour or two of being offered. This year they are considering a lottery system, but that decision has not been made. The phone number for Parks and Recreation at the City of Lake Oswego is 503-697-6500.
Luscher Farm is also home to the
your good health. In the summer shareholders pick up the bounty of the crops on a weekly basis. In the late fall through early spring it is less frequent, but it still happens. I visited the wesite for 47th Avenue Farms and found discriptions of various share options, but no specific pricing. I would imagine that next year’s membership is still being formulated. There is a link to a waiting list as well as for e-mailing to get information. The website is
This Sunday there are currently 25 houses scheduled in the RMLS to be held open, including my listing at 13638 SW 62nd in Southwood Park. It’s a big, family home with 4 bedrooms, 3 full baths, and 2 family rooms for just $319,900. Yes, it does need some cosmetic updating, but it has a newer 50 year roof, new windows, and new paint in and out. I’ll be there from noon to 3pm. I’d love to have you stop by. Look for my signs on Westlake Dr and Southwood Dr and follow them in to SW 62nd.
The last 12 months have been a pretty rough time to be selling a home. Your home may have even been on the market for a period of time longer than you ever thought possible. But now you’ve gotten a good offer that you have accepted. This is a key time in any home sale. You must now get your home to pass the home inspection. I want to give you a list of 10 simple repairs you can do to prepare your home as well as a few things to do on the day of the inspection.