Tag: real estate

Posted on

Market Activity Oct 8-14, 2012

Last week in Lake Oswego there were 14 new listings, 17 pending sales, and 7 closed sales.

See below for further details on last week’s Market Activity:

NEWLY LISTED (Oct 8-14, 2012)

Address Type Price BR Bths SF
43 Crestfield CT #43 Condo $63,900 2 1 921
47 Eagle Crest Dr C31 Condo $108,768 2 1 1009
16909 Tracy Ave Detached $325,000 4 2 1499
209 Hidalgo St Detached $359,900 4 2.5 2609
5675 Childs Rd Detached $369,900 2 2.5 1644
2550 Greentree Rd Detached $404,900 4 3 2852
4890 Sage Hen Circle Detached $499,900 4 2.5 2832
4567 Hastings Pl Detached $549,000 3 2.5 2107
2770 Wembley Park Rd Detached $615,000 5 3 3375
1799 Atherton Dr Detached $699,900 5 5.5 6280
5405 Childs Rd Detached $1,180,000 4 3.5 4000
800 Terrace Dr Detached $1,349,000 5 4.5 5070
15508 Diamond Head Rd Detached $1,595,000 3 4 3715
179 Furnace St Condo $1,995,000 3 3.5 4784

PENDING SALES (Oct 8-14, 2012 2012)

Address Type Price BR Baths SF DOM
64 Touchstone Detached Auction 3 2.5 4197 92
225 Cervantes Condo $120,000 2 1.5 1216 131
167 Oswego Summit Condo $147,000 2 2 1506 15
5225 Jean Rd #313 Condo $159,900 2 2 1200 10
18055 Central Ave Detached $191,565 2 1 1202 10
16311 Inverurie Rd Detached $199,000 3 2 1525 20
5195 Firwood Rd Detached $206,000 3 2 1886 158
16910 Tracy Ave Detached $249,900 3 2 1176 18
4765 Firwood Rd Detached $289,900 3 2 1728 51
18863 Indian Springs Rd Detached $292,500 4 3 1976 147
1800 Kilkenny Dr Detached $329,900 5 2.5 4361 132
12510 SW 27th Pl Detached $339,000 4 3 2484 168
18238 Terry Ave Detached $359,000 3 2.5 1570 2
663 Carrera Ln Detached $397,000 3 2 2197 68
18529 Deerbrush Ave Detached $439,000 4 2.5 2461 14
940 Upper Devon Ln Detached $549,000 4 3 4464 133
16791 Sylvan Ct Detached $699,000 5 3.5 5153 7

SOLD (Oct 8-14, 2012)

Address Type List Price Closed Price BR Baths CDOM
5225 Jean Rd #504 Condo $150;,900 $150,900 2 2 14
4968 Oakridge Rd Detached $195,000 $175,000 3 1.5 34
16774 Graef Circle Detached $260,000 $262,000 2 $2 $51
17022 Crestview Dr Detached $524,900 $500,000 4 3 31
2035 Ridge Pointe Dr Detached $635,000 $635,000 3 2.5 805
533 Widman Ct Detached $769,000 $700,000 4 3.5 66
2890 Glen Eagles Rd Detached $1,495,000 $1,450,000 4 3.5 17

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

Posted on

Open Houses for Oct. 14th

Get out your galoshes and go see some open houses! It’s supposed to be rainy, after 3 straight months of little or no rain, so be sure to also drive carefully.

Address Type Price BR Baths Open
16758 Graef Circle Detached $259,000 3 1 1 to 3
16909 Tracy Ave Detached $325,000 4 2 1 to 3
1454 Glenmorrie Dr Detached $425,000 4 2.5 1 to 3
16439 Lexington Ct Detached $439,000 2 2 1 to 4
18096 Pilkington Rd Detached $625,000 3 2.5 1 to 3
2479 Palisades Crest Dr Detached $664,500 5 3.5 2 to 4
1131 Devon Ln Detached $679,900 3 3.5 1 to 3
16633 Woodsman Ct Detached $699,900 4 4 2 to 4
1985 Country Club Rd Detached $699,999 5 4 2 to 5
2300 Childs Rd Detached $750,000 4 2 1 ro 4
655 7th St Detached $819,000 3 2.5 1 to 3
112 Northshore Circle Detached $1,600,000 4 3.5 11 to 4
Posted on

Contesting Your Property Taxes

You know that fall is in the air when the leaves are turning color and your tax bill is about to arrive in the mail. So it seems appropriate that I share some information that may be of help with your tax bill.

Some History
The tax year in Oregon runs from July 1 to June 30. Taxes are due on November 15. So when you pay your property taxes you are paying back to July 1 and ahead to June 30. That in and of itself is confusing because it doesn’t correspond to the calendar year.

Coming out of the recession weary 1980’s, Oregon’s real estate boomed. We had year-over-year property value growth. With no caps on tax assessment, people would receive their property tax bill in October and find the tax amount due had increased 10-20%. This was a huge burden and an unexpected expense that had to be paid. It lead to a series of ballot measures put before the people of Oregon to address this problem. In 1996, ballot measure 47 was passed.

Ballot measure 47 restricted the annual rate of tax increase to not more than 3%, plus any bond measures that were voted on and approved by the community. The exception to this is significant remodeling that changes the property.

The sale of a house does not trigger a new assessment. The tax rate remains on the property when it is transferred to a new owner, and is subject to the same 3% annual limit.

Move forward from 1996 and property values changed significantly. We had years of appreciation in property values that were in the double digits year after year. Real market values increased at a rate significantly greater than 3%.

When you get your property tax bill, you will see two valuations. One is what the county tax assessor thinks your real market value currently is (what your house would sell for today). And one is the current value that your tax bill is assessed at. As long as the market value is greater than the assessed value, your taxes will go up. The increase limit is 3%. This is why your tax assessment goes up even though you know your property value has gone down. This will continue to happen as long as your market value is higher than your assessed value.

If you think your assessed value is higher than your market value, there is a process you can go through to appeal your taxation and potentially reduce your property taxes.

Contesting your property taxes
To appeal your property tax bill, you need to submit a petition to the Clackamas County Board of Property Tax Appeals between October 25th and December 31st. This window of time is the only time an appeal can be made. If you don’t do it on time, you have to wait until next year.

Once you have submitted your petition, you will be given the opportunity to appear before the appeals board sometime starting in February, but not later than April 15th. At your hearing you will have 15 minutes to present your evidence. Evidence can consist of the following:

A professional appraisal
Your testimony and testimony of witnesses you bring with you
Physical evidence such as photos, maps, graphs, and documents
The paperwork from your recent purchase of the property
Recent sales of comparable properties

At the hearing you need to be prepared and concise. The Board will attempt to make a decision at the hearing, and a written decision will be mailed to you in about 3 weeks.

My story
I attended a class on the tax appeal process last winter. The class was taught by a man who had served on the Appeals Board. He brought up a case as illustration of the process. It happened to be a condominium where my 82 year old mother currently lives. The condominium complex, in Lake Oswego, had been an apartment conversion in 2007. The entire complex was remodeled. With beautiful units, right on the Willamette River, the condos sold on the high-end of the condo market. Well, we know what has happened since then. Those condos have lost more in value than the average home. One of the unit owners successfully contested their taxes and reduced them. A discussion took place, which was now shared with the people in the class I was attending, that perhaps the tax assessor should reduce the taxation throughout the complex (benefiting perhaps 100 home owners or more). The decision? No. Each unit owner would have to bear the burden of individually contesting their taxes.

Needless to say, I am going to be working with my Mom to appeal her taxes this year.

Would you like to appeal your taxes? Click here to get started.

If you would like me to run some comparable sales for you, I am happy to help. Disclaimer: I am not an expert on the appeals process and I will not do the appeal for you. But I can at least point you in the right direction. Drop me an e-mail at jdgregoire@earthlink.net and tell me about your house. I will run a quick property search for comparable sales in your neighborhood and send them back to you. This will help you to know if you should do an appeal or not. And you can use the comparables at your hearing if you decide to pursue the process.

Wish me luck with helping my Mom. I’ll let you know next spring if we are successful.
Dianne

Posted on

Market Activity ~ Oct 1-7, 2012

Last week we ended with 21 New on the market, 16 Pending and 17 Sold.

See below for further details on last week’s Market Activity:

NEWLY LISTED (Oct 1-7, 2012)

Address List Price # Beds # Baths Total SF Prop Type
350 CERVANTES CIR #1-E $114,500 2 1.1 912 CONDO
216 RIDGEWAY RD #14D $133,000 2 1 914 CONDO
3836 BOTTICELLI ST $138,000 2 2 1055 ATTACHD
4 TOUCHSTONE #116 $150,000 3 2.1 1351 CONDO
5225 JEAN RD #313 $159,900 2 2 1200 CONDO
4310 BOTTICELLI ST #9 $176,800 2 2.1 2098 CONDO
6414 Frost ST $344,900 3 2.1 2205 DETACHD
6462 Frost ST $344,900 3 2.1 2205 DETACHD
6426 Frost ST $354,900 3 3 2276 DETACHD
17121 WALL ST $399,900 4 2.1 2187 DETACHD
6061 Washington CT $498,950 3 2 1647 DETACHD
16792 QUAIL CT $573,950 3 2.1 3050 DETACHD
852 B AVE $649,000 4 2 2368 DETACHD
16791 SYLVAN CT $699,000 5 3.5 5153 DETACHD
2094 SUMMIT DR $795,000 3 3.1 3510 DETACHD
13024 ROGERS RD $799,900 4 3.1 3333 DETACHD
3480 UPPER DR $850,000 4 2.1 2571 DETACHD
454 9TH ST $879,000 3 4 2978 DETACHD
329 10TH ST $950,000 4 2.1 3647 DETACHD
14530 UPLANDS DR $969,000 4 3.1 3998 DETACHD
77 IRON MOUNTAIN BLVD $995,000 3 3.1 3944 DETACHD

PENDING SALES (Oct 1-7,2012 2012)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #14 $64,900 1 1 617 CONDO 232
364 CERVANTES CIR #14D $119,000 2 1 832 CONDO 41
3958 CARMAN DR $134,900 2 2.1 1133 CONDO 146
18350 TUALATA AVE $200,000 2 1 996 DETACHD 53
6263 NOKOMIS CT $239,500 3 1.1 1232 DETACHD 4
15144 BOONES WAY $319,900 4 3.1 2330 DETACHD 11
4263 HARVEY WAY $355,000 3 2 1640 DETACHD 42
16014 SW PARKER RD $465,000 5 3 2277 DETACHD 149
0 SW Kenny ST $480,000 4 3 2700 DETACHD 8
16734 Mellon ST $523,950 4 2.1 2368 DETACHD 169
14070 CHATHAM CT $525,000 3 2.1 2240 DETACHD 0
5533 FIELDSTONE CT $599,500 4 2.1 3115 DETACHD 1021
12994 SIERRA VISTA DR $599,500 6 3.1 3824 DETACHD 185
13554 SOUTHWOOD CT $609,900 3 2.1 2891 DETACHD 3
588 9TH ST $795,000 4 2.1 2741 DETACHD 42
582 9TH ST $799,900 3 3.1 2841 DETACHD 671

SOLD (Oct 1-7,2012)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
526 S STATE ST #Grnd $129,000.0 $119,000.0 2 1 914 CONDO 29
4291 WOODSIDE CIR $249,900.0 $233,900.0 3 2 2026 ATTACHD 67
16155 KIMBALL ST $299,900.0 $275,000.0 3 1 1488 DETACHD 69
1113 ERICKSON ST $324,500.0 $326,000.0 4 2 2203 DETACHD 7
6320 DAWN AVE $367,500.0 $339,750.0 5 3 2400 DETACHD 49
430 9TH ST $450,000.0 $410,000.0 3 1.1 2356 DETACHD 68
19044 OLSON AVE $449,000.0 $429,000.0 4 4 3264 DETACHD 32
817 D AVE $439,900.0 $429,000.0 3 3 1286 DETACHD 63
14722 UPLANDS DR $499,000.0 $475,000.0 3 2 2344 DETACHD 107
5173 WOODCREST LN #Lot 23 $609,900.0 $611,000.0 4 3 3174 DETACHD 225
17151 CORNELL CT $650,000.0 $635,000.0 4 3 3422 DETACHD 118
657 9TH ST $699,000.0 $699,000.0 3 2.1 2812 DETACHD 0
1205 CHANDLER RD $119,500.0 $812,000.0 5 3.1 4275 DETACHD 112
3105 Wembley Park RD $875,000.0 $825,000.0 3 2.1 3209 DETACHD 285
1099 TROON RD $929,000.0 $870,000.0 4 3.1 3938 DETACHD 22
961 TERRACE DR $2,950,000.0 $2,500,000.0 5 4.2 5795 DETACHD 224
758 SOUTHVIEW RD $3,795,000.0 $2,960,000.0 5 5.1 5179 DETACHD 206

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

Posted on

Open Houses ~ Oct. 7, 2012

Enjoy these Open Houses in Lake Oswego today!

Address L/Price # Beds # Baths Total SF Style Time
5880 ROCKWOOD CT $275,000 3 2 1772 DETACHD 1-4PM
4231 WOODSIDE CIR $279,500 3 2 1943 TOWNHSE 1-3PM
18863 INDIAN SPRINGS RD $292,500 4 3 1976 DETACHD 2-4PM
4750 AUBURN LN $389,500 3 3.1 2679 TOWNHSE 1-4PM
19163 TERRY AVE $395,000 4 2 2149 DETACHD 1-3:30pm
980 C AVE $425,000 3 2 1312 DETACHD 1-3PM
16439 LEXINGTON CT $449,000 2 2 1563 DETACHD 1-4PM
530 BOCA RATAN DR $449,900 4 0.3 3368 DETACHD 2-4PM
15225 CANDLEWOOD CT $469,900 4 2.1 2758 DETACHD 1-3PM
29 SPINOSA $489,000 3 2.2 3254 DETACHD 1-3PM
15655 FIELDSTONE DR $589,500 4 2.1 2750 DETACHD 12-3pm
2415 PARK RD $609,500 4 2.1 2581 DETACHD 12:30-3:30PM
5028 WOODCREST LN #14E $624,900 4 2.1 3063 DETACHD 12-4PM
16610 WOODSMAN CT $669,900 4 3 3664 DETACHD 1-3PM
1985 COUNTRY CLUB RD $699,999 5 4 3630 DETACHD 1:30-4PM
16805 SCOTT CT $892,000 3 3.1 4321 DETACHD 2-4PM
17775 KELOK RD $949,500 4 2.1 2882 DETACHD 1-4PM
235 FURNACE ST $1,200,000 4 3.1 4042 DETACHD 1-3PM
13364 ATWATER LN $1,379,000 4 6.5 5776 DETACHD 2-4PM
112 NORTHSHORE CIR $1,600,000 4 3.1 3632 DETACHD 11AM-4PM
Posted on

Market Activity Sept 24-30, 2012

Last week in Lake Oswego there were 11 new listings, 10 pending sales, and 20 closed sales.

See below for further details on last week’s Market Activity:

NEWLY LISTED (Sept 24-30, 2012)

Address Type Price BR Bths SF
167 Oswego Summit Condo $147,000 2 2 1506
18055 Central Ave Detached $191,565 2 1 1202
16910 Tracy Ave Detached $249,900 3 2 1176
3545 Upper Dr Detached $344,500 3 2 1350
980 C Ave Detached $425,000 3 2 1312
18529 Deerbrush Detached $439,000 4 2.5 2461
17721 Overlook Circle Detached $449,900 4 2.5 3172
618 5th St Detached $475,000 4 2.5 2320
2491 Overlook Dr Detached $609,900 5 3 3250
2070 WembleyPark Rd Detached $998,000 5 4.5 4935
720 6th St Detached $1,000,000 4 3.5 4318

PENDING SALES (Sept 24-30,2012 2012)

Address Type Price BR Baths SF DOM
1512 Hemlock St Detached $274,900 3 2.5 3168 2
18 Abelard St Detached $338,000 4 2.5 2101 52
13455 Auburn Ct Attached $360,000 3 2.5 1892 9
475 Country Club Ct Detached $419,000 3 2.5 1705 150
890 C Ave Detached $470,000 4 2 2596 15
14722 Uplands Dr Detached $575,000 3 2 2344 107
17680 Blue Heron Dr Detached $750,000 4 3 3070 85
1033 Northshore Rd Detached $765,000 3 2 2976 146
1809 Headlee Ln Detached $850,000 3 2.5 3836 1108
3178 Douglas Circle Detached $1,150,000 5 4.5 5531 4

SOLD (Sept 24-30,2012)

Address Type List Price Closed Price BR Baths CDOM
69 Oswego Summit Condo $83,000 $83,000 1 1 0
285 Cervantes Condo $145,000 $130,000 3 1.5 125
5851 Burma Rd Detached $249,888 $229,000 4 2 38
113 Touchstone Ter Attached $289,000 $237,500 2 2.5 327
15393 Diamond Head Rd Detached $550,000 $275,000 4 2.5 788
2325 Park Rd Detached $284,950 $275,000 3 2 0
4104 Lakeview Blvd Detached $300,000 $306,000 4 2 10
15 Saint Helens Circle Detached $317,900 $314,900 3 2 78
13828 Regency Ct Detached $319,900 $319,900 4 2.5 227
3715 Upper Dr Detached $339,000 $334,000 3 2.5 16
14710 Davis Ln Attached $375,000 $335,000 2 2.5 87
14359 Orchard Springs Rd Detached $374,900 $340,000 4 2.5 190
4965 Mulholland Dr Attached $429,900 $415,000 2 2.5 8
2322 Knaus Rd Detached $419,900 $419,900 4 2 0
2 Buckingham Dr Detached $519,000 $500,000 4 3 27
13161 Twin Creek Ct Detached $574,900 $530,000 4 2.5 476
629 Iron Mountain Blvd Detached $625,000 $575,000 3 2 160
18283 Lothlorien Way Detached $609,900 $590,000 4 3 22
3030 Childs Rd Detached $825,000 $742,500 5 4.5 20
16672 Fir Ln Detached $979,000 $905,000 4 4.5 67

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

Posted on

Open Houses 9/30/12

Fall is in the air. Get out and enjoy the changing colors and these 20 open houses. Enjoy!

Address Type Price BR Baths Open
4231 Woodside Circle Attached $289,500 3 2 2 to 4
15144 Boones Way Detached $319,900 4 3.5 1 to 3
4150 Upper Dr Detached $329,000 2 1.5 1 to 3
1501 Koawood Dr Detached $395,000 4 3 1 to 3
1454 Glenmorrie Dr Detached $425,000 4 2.5 1 to 3
16439 Lexington Ct Detached $449,000 2 2 1 to 4
1429 Greentree Circle Detached $459,500 4 2.5 12 to 2
530 Boca Ratan Dr Detached $469,000 4 3 2 to4
31 Touchstone Detached $479,000 5 3 1 to 3
16734 Mellon St Detached $523,950 4 2.5 12 to 3
5530 Dunmire Dr Detached $529,900 5 3 1 to 4
16746 Mellon St Detached $548,850 3 2.5 12 to 3
4994 Hartford Pl Detached $569,000 5 2.5 12 to 2
12994 Sierra Vista Dr Detached $599,500 6 3.5 12:30 to 3:30
18096 Pilkington Rd Detached $625,000 3 2.5 1 to 3
13366 Boones Ferry Ln Detached $649,950 4 2.5 1 to 4
588 9th St Detached $795,000 4 2.5 1 to 3
8 Dover Way Detached $975,000 6 4.5+.5 1 to 3
310 Iron Mountain Blvd Detached $1,295,000 4 3.5+.5 `1 to 3
112 Northshore Circle Detached $1,575,000 4 3.5 11 to 4
Posted on

Moving On from Foreclosure or Shortsale

I had the pleasure of attending a continuing education class this past week where the subject was qualifying to buy a house after foreclosure or shortsale. The class was put on by WFG National Title and the guest speaker was Mitch Carpenter, a home mortgage consultant with Wells Fargo. Also in attendance was one of Wells Fargo’s loan underwriters.

Foreclosures and shortsales have been a huge part of our real estate market for several years now. These people who have lost their homes in distressed circumstances are going to get past the hard times, hopefully. In the future they may want to become home owners again. Just how will the foreclosure or shortsale affect their ability to buy a house in the future?

First, a disclaimer. What I am sharing here are some simple guidelines that I got out of a class. Be aware that each circumstance is unique and different underwriters and different lenders may, well, see things differently. This is intended to be general information. If you are in this circumstance, please consult your own lender.

Also, if you are facing foreclosure or shortsale, please seek legal council. What I am sharing here should not be used by you as advice. There are consequences to foreclosure and shortsale that I am not going to go into in this narrative. You need better advice and good legal council that I am simply not providing here.

Extenuating Circumstances vs Financial Mismanagement

When someone who has been through foreclosure or shortsale goes to apply for a new mortgage, the underwriter is going to want to determine if the foreclosure or shortsale was a result of extenuating circumstances or financial mismanagement. Extenuating circumstances are conditions that were out of their control. This may have been failure of a company, illness, or other financial difficulties that were beyond the control of the borrower. It will have been a one-time event that is unlikely to occur again. Financial mismanagement is a pattern of poor choices. Does the borrowers credit history show slow and late payments before the foreclosure or shortsale and also afterwards? This pattern means that the potential for future problems may exist. These two types of distress will determine what a buyer needs to do before they can become a homeowner again.

Foreclosure

If the foreclosure happened under extenuating circumstances:
* Borrow must provide a written narrative explaining the circumstances as well as written documentation and why it will not occur again.
* A minimum 620 credit score
* Purchase needs to be a primary residence and the borrower needs at least 10% down payment
* A credit report that shows borrower has reestablished an acceptable credit history.
* 3 years have passed since the foreclosure

If the foreclosure happened because of financial mismanagement:
* Minimum credit score of 680
* Purchase needs to be a primary residence and the borrower needs 10% down, minimum
* 7 years have passed since the foreclosure

Shortsale

Under extenuating circumstances:
* It has been 2 years since the completion date of the shortsale
* Property can be primary residence, second home, or investment
* No minimum credit score, but good credit will certainly be a factor

Due to financial mismanagement:
* It has been at least 4 years since the completion date of the shortsale
* Property can be primary residence, 2nd home, or investment
* Minimum 680 credit score

New FHA or VA Loans

Both FHA and VA are more lenient than conventional.

FHA will consider a borrow who has been through a foreclosure after 3 years and no further documentation is needed. If the borrower can show it was under extenuating circumstances and good credit has been re-established, they will consider approving a new loan before 3 years.

VA will consider a borrower who has been through a foreclosure after 2 years. If the foreclosure was under extenuating circumstances a new VA loan will be considered after just one year. In both cases the borrower must have re-established good credit.

Of note:
If the foreclosure or shortsale properties were either a VA or an FHA loan, a new VA or FHA loan will NEVER be approved until the the debt is paid in full.

It feels good to be thinking about moving beyond the down turn in the real estate market. There are a lot of people out there who have lost their homes. It has been terrible. Is there a light at the end of the tunnel? I hope so. And for those who moved out into the light, you can rebuild your credit, you can become a home owner again. I recommend connecting up with a good mortgage loan officer and start working with them now for that purchase in the future. A good loan officer will spend time to help you years in advance of your eventual purchase.

Call if you have questions. As always, Linda and I are here to help.
Dianne

Posted on

Market Activity ~ Sept 17-23, 2012

Last week we ended with 15 New on the market, 22 Pending and 7 Sold.

See below for further details on last week’s Market Activity:

NEWLY LISTED (Sept 17-23, 2012)

Address List Price # Beds # Baths Total SF Prop Type
4000 CARMAN DR #17 $125,000 2 2 1100 CONDO
668 MCVEY AVE #44 $139,000 1 1 636 CONDO
200 BURNHAM RD #105 $151,400 1 1 858 CONDO
2367 GLENMORRIE DR $275,000 2 2 2132 DETACHD
5099 GALEN ST $289,900 4 2.1 2246 DETACHD
15144 BOONES WAY $319,900 4 3.1 2330 DETACHD
1449 GREENTREE CIR $345,000 4 3 1696 DETACHD
6474 FROST ST $347,500 4 2.1 2216 DETACHD
6450 FROST ST $347,500 4 2.1 2216 DETACHD
16747 BONAIRE AVE $349,900 3 2 1610 DETACHD
39 TANGLEWOOD DR $435,000 4 3 3124 DETACHD
136 D AVE $439,000 2 2.1 1754 ATTACHD
310 IRON MOUNTAIN BLVD $1,295,000 4 3.2 3503 DETACHD
14460 UPLANDS DR $1,795,000 3 3.1 3703 DETACHD
693 TERRACE DR $1,998,000 3 3 3296 DETACHD

PENDING SALES (Sept 17-23,2012 2012)

Address List Price # Beds # Baths Total SF Prop Type CDOM
204 RIDGEWAY RD $107,500 1 1 778 CONDO 230
40 OSWEGO SMT $119,900 2 2 1140 CONDO 82
225 CERVANTES $120,000 2 1.1 1216 CONDO 112
750 1ST ST #A8 $152,900 2 2 1350 CONDO 6
4 TOUCHSTONE #140 $168,000 3 2.1 1351 CONDO 75
5134 TREE ST $250,000 3 1.1 1405 DETACHD 19
2745 GREENTREE RD $259,900 2 2 1219 DETACHD 73
106 KINGSGATE RD $299,900 3 2.1 1669 DETACHD 4
14359 ORCHARD SPRINGS RD $349,900 4 2.1 1939 DETACHD 190
2955 WEMBLEY PARK RD $399,000 3 2.1 2620 DETACHD 26
1903 EGAN WAY $399,900 2 2.1 2280 DETACHD 64
14353 HOLLY SPRINGS RD $399,999 5 3 2238 CONDO 14
13899 MAJESTIC CT $405,000 3 2 2357 DETACHD 71
17121 WALL ST $424,900 4 2.1 2187 DETACHD 23
18123 WESTVIEW DR $449,800 3 2.1 2608 DETACHD 106
353 3RD ST $485,000 2 2.2 2044 ATTACHD 4
1148 LAKE SHORE RD $515,000 3 2 2404 DETACHD 2
4972 HAMPTON CT $539,000 5 3.1 3780 DETACHD 13
290 IRON MOUNTAIN BLVD $595,000 1 1 1432 DETACHD 8
1209 LAKE GARDEN CT $799,000 5 2.1 3428 DETACHD 49
17550 LAKE HAVEN DR $949,900 2 2.2 2580 DETACHD 35
17384 BERGIS FARM DR $995,000 5 4.1 5081 DETACHD 57

SOLD (Sept 17-23,2012)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #24 $51,500 $51,500 1 1 617 CONDO 54
4000 CARMAN DR #10 $119,900 $117,500 2 2 836 CONDO 8
170 OSWEGO SMT $149,900 $144,150 2 2 1506 CONDO 129
4513 OAKRIDGE RD Lot 30 $383,930 $369,900 3 2.1 1835 ATTACHD 123
72 CONDOLEA WAY $495,000 $395,000 3 2.1 2958 CONDO 189
5250 ROYAL OAKS DR $449,900 $435,000 4 2.1 2147 DETACHD 23
1024 NORTHSHORE RD $4,695,000 $3,850,000 5 5.1 7000 DETACHD 428

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

Posted on

News & Notes

August 2012
Here are some Market Notes for You~

According to the RMLS Market Action Report for the Portland Metro Area August 2012, “All measures of real estate activity are positive when comparing August 2012 with August 2011″:

  • “At 2311, closed sales reached the highest level for a single month period in five years”
  • 2311 represents an increase of 28% in closed sales over August 2011.
  • The average sale price year-to-date ($271,100) rose 2.7% over the same period last year,
  • ***AND… Total time on the market has dropped by 20.3% from 146 to 117 days.

For my Property Blotter readers, the combined area of Lake Oswego and West Linn reported:

  • 685 Active Listings
  • 210 New Listings
  • 131 Pending Sales
  • 149 Closed Sales
  • An average Sale Price of $470,000.
  • Average Time on the Market: 109 Days