Tag: real estate

Posted on

Community Clean Up June 16th

Now is your chance to really dig into that spring cleaning and get rid of unwanted items. June 16th, from 9am to 12pm (or until the dumpsters are full) the city of Lake Oswego is sponsoring a community clean up event. There a 2 locations, each collecting different items.

West End Building, 4101 Kruse Way:

Rigid plastics: lawn furniture, barrels and buckets, toys, play houses, CDs and DVDs and their cases, laundry baskets, shelving, pet containers, totes, empty and clean garbage containers, landscaping trays and flower pots, automotive plastics

Scrap metal: non-freon appliances such as stoves, ovens, toasters, ladders, barbeques and other metal

Community Warehouse will be on hand to collect useable items like towels, pillows, chairs, dressers, sofas, dish sets, pots, pans, TVs, kitchen tables, microwaves, mattresses, bed sheets and bikes.

There are some restrictions:
No yard debris.
No hazardous waste (fuel, pesticides, etc)
No firearms or fireworks
No florescent bulbs
No batteries
No freon-based appliances (contact energy trust of Oregon at 866-444-8907 for ideas on disposal of these items)
No tires.

At River West Church, 2000 Country Club Rd, you can dispose of electronic waste such as computers, monitors, televisions, and other electronics.

The cost for getting rid of these items? You are asked to make a dontaion to the Oregon Food Bank.

This event is for citizens of Lake Oswego only. For more information, contact the Citizen Information Center at 503-635-0257.

Do we live in a cool town, or what?

Posted on

Market Activity ~ May 28-June 3, 2012

Summer is here! There were 21 New properties entering the market, 22 in Pending status, and 18 marked as Sold during the last week. See below for further details:

NEWLY LISTED (May 28-June 3, 2012)

Address List Price # Beds # Baths Total SF Prop Type
33 OSWEGO SMT $85,000 1 1 764 CONDO
566 S STATE ST #566 $129,900 1 1 778 CONDO
225 CERVANTES $134,000 2 1.1 1216 CONDO
3858 SW BOTTICELLI ST $192,500 3 2 1224 ATTACHD
34 CONDOLEA DR $205,000 2 2 1420 CONDO
16758 GRAEF CIR $259,000 3 1 1295 DETACHD
1510 Spruce ST $269,000 3 2 1242 DETACHD
19060 INDIAN SPRINGS CIR $349,900 3 2 1355 DETACHD
1800 KILKENNY DR $349,900 5 2.1 4499 DETACHD
4 MOZARTEUM CT $424,900 3 2.1 2417 DETACHD
4951 GALEN ST $424,900 3 2.1 2784 DETACHD
17360 HUNTER CT $450,000 3 2.1 3254 DETACHD
4080 COLTSFOOT LN $459,950 3 2.1 2884 DETACHD
3140 ROYCE WAY $474,990 3 2 1923 DETACHD
5836 SUNCREEK DR $575,000 3 2 2502 DETACHD
19203 SW Megly CT $578,950 5 3.1 3693 DETACHD
940 UPPER DEVON LN $629,900 4 3 4464 DETACHD
2420 PALISADES CREST DR $699,500 4 2.1 3482 DETACHD
16736 SYLVAN CT $795,000 4 3 3914 DETACHD
3136 DOUGLAS CIR $949,500 4 3.1 4132 DETACHD
3101 DOUGLAS CIR $1,188,000 5 4.1 4430 DETACHD

PENDING SALES (May 28-June 3, 2012)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #53 $61,700 3 1 1024 CONDO 376
86 KINGSGATE RD $73,900 2 2 849 CONDO 13
668 MCVEY AVE #15 $107,000 1 1 626 CONDO 81
298 CERVANTES $129,000 2 2.1 1128 CONDO 139
200 RIDGEWAY RD $154,900 2 1 988 CONDO 71
16747 BONAIRE AVE $165,000 2 1 1658 DETACHD 85
15155 GLEN EAGLES CT $234,500 3 2.1 2300 DETACHD 22
17653 MARDEE AVE $264,999 3 2 1741 DETACHD 108
18680 WOOD DUCK WAY $265,200 3 2 1784 DETACHD 37
18630 Kristi WAY $285,000 3 2 1725 DETACHD 180
5266 CHARLETON CT $299,500 3 2 2063 DETACHD 27
16123 LAKE FOREST BLVD $329,000 4 2.1 2872 DETACHD 216
5206 ROYAL OAKS DR $379,900 5 3.1 2801 DETACHD 318
919 CUMBERLAND RD $390,000 4 3 2828 DETACHD 396
1293 HIDE A WAY LN $399,900 3 2.1 1720 DETACHD 4
14361 SHERBROOK PL $419,900 3 2.1 2100 DETACHD 16
1690 FIRCREST CT $419,900 3 3.1 2718 DETACHD 48
815 BERWICK CT $489,000 3 1.1 1537 DETACHD 4
16304 WHITE OAKS DR $519,900 4 2.1 2970 DETACHD 3
197 FURNACE ST $530,000 2 2.1 2091 CONDO 36
580 WEIDMAN CT $599,000 5 3.1 3952 DETACHD 1149
1968 CHERYL CT $1,375,000 4 4.3 6153 DETACHD 27

SOLD (May 28-June 3, 2012)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR $43,500 $50,000 2 1 932 CONDO 557
1 CRESTFIELD CT $59,950 $52,000 1 1 689 CONDO 19
100 KERR PKWY #28 $72,000 $72,000 2 1.1 860 CONDO 2
1095 CORNELL ST $289,000 $148,000 2 1 1416 DETACHD 583
18816 LONGFELLOW AVE $164,900 $170,000 3 1 946 DETACHD 11
5332 SW TUALATA CT $214,900 $214,900 3 1.1 1658 DETACHD 9
1764 CONIFER DR $295,000 $235,000 3 1 1200 DETACHD 211
5670 FERNBROOK WAY $249,900 $255,000 3 2 1631 DETACHD 32
517 LAUREL ST $319,000 $300,000 4 2.1 2834 DETACHD 28
2101 RIDGEWOOD RD $319,000 $318,125 3 2.1 2114 DETACHD 0
1238 HEMLOCK ST $399,900 $335,000 3 2 1548 DETACHD 220
19061 INDIAN SPRINGS RD $349,900 $357,000 4 3 2341 DETACHD 139
8 CAMELOT CT $389,000 $395,000 5 3 3084 DETACHD 255
5975 NEWCASTLE DR $499,000 $490,000 3 2.1 3339 DETACHD 82
4011 WESTBAY RD $950,000 $800,000 5 3.1 4518 DETACHD 100
3115 DOUGLAS CIR $1,249,000 $1,175,000 4 4.2 4459 DETACHD 4
17399 CANAL CIR $1,525,000 $1,450,000 4 3.1 4442 DETACHD 35
1056 NORTHSHORE RD $1,995,000 $1,773,000 3 3 2870 DETACHD 74

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 ~ June 3, 2012

There are 20 homes being held Open on Sunday according to RMLS.

Enjoy!

Address L/Price # Beds # Baths Total SF Prop Type Open
170 OSWEGO SMT $149,900 2 2 1506 TOWNHSE 1-3PM
19060 INDIAN SPRINGS CIR $349,900 3 2 1355 DETACHD 1-4PM
17360 HUNTER CT $450,000 3 2.1 3254 DETACHD 1-4PM
13849 MELROSE PL $459,900 3 2.1 2916 DETACHD 12-2PM
355 6TH ST $549,900 3 3.1 2362 DETACHD 2-4PM
17802 TREETOP LN $550,000 4 3.1 3655 DETACHD 1-3PM
5035 ROSEWOOD ST $579,900 4 3.1 3174 DETACHD 1-4PM
13226 ROGERS RD $589,000 4 2.1 3691 DETACHD 1-3PM
15655 FIELDSTONE DR $595,000 3 2.1 2750 DETACHD 1-3PM
15633 FIELDSTONE DR $615,000 4 2.1 3047 DETACHD 1-3PM
5533 FIELDSTONE CT $620,000 4 2.1 3115 DETACHD 1-3PM
5604 GRAND OAKS DR $645,000 5 3 3676 DETACHD 2-5PM
4102 CHAD DR $689,500 4 2.1 3054 DETACHD 11-3PM
1033 NORTHSHORE RD $819,000 3 2 2976 DETACHD 1-3PM
18231 SIENA DR $959,950 4 3.1 3655 DETACHD 1-3PM
18202 BELLA TERRA DR $1,098,750 4 3.1 3863 DETACHD 1-3PM
18132 SIENA DR $1,125,000 4 3.1 3565 DETACHD 1-3PM
18253 SIENA DR $1,149,000 5 4 4315 DETACHD 1-3PM
1677 LESLIE LN $1,999,999 4 6.1 7534 DETACHD 2-4PM
17700 UPPER CHERRY LN $2,095,000 5 5.1 6907 DETACHD 1-3PM
Posted on

News & Notes

Here are some Market Notes for You~

According to the RMLS Market Action Report for April 2012, the combined area of Lake Oswego and West Linn  reported:

  • 618 Active Listings
  • 188 New Listings
  • 132 Pending Sales
  • 114 Closed Sales
  • An average Sale Price of $361,000.
  • Average Time on the Market: 142 Days

Also:

For the Portland Metro Area…………….

  • April 2012: Unsold inventory is at its lowest since June 2007
  • If you compare April to the previous month of March 2012, Closed Sales grew by 7.6%
  • Pending Sales are higher thn any month since August 2007
  • New Listings rose 5.3% compared to March 2012
  • Accepted offers rose by 4.1% compared to March 2012
  • The first 4 months of 2012 compared to 2011 show a rise in Closed Sales to the tune of 13.1%

 

Posted on

Market Activity ~ May 21-27, 2012

There were 16 New properties entering the market, 27 in Pending status, and 14 marked as Sold during the last week. See below for further details:

NEWLY LISTED (May 21-27, 2012)

Address List Price # Beds # Baths Total SF Prop Type
552 S STATE ST $137,000 2 1 920 CONDO
17860 PILKINGTON RD $275,000 4 2 1804 DETACHD
2367 GLENMORRIE DR $350,000 2 2 2132 DETACHD
14710 DAVIS LN $375,000 2 2.1 1680 ATTACHD
19 WALKING WOODS DR $399,000 3 2 2790 DETACHD
1293 HIDE A WAY LN $399,900 3 2.1 1720 DETACHD
39 SPINOSA $449,000 3 2.1 2069 DETACHD
17764 KELOK RD $488,900 4 3 2742 DETACHD
815 BERWICK CT $489,000 3 1.1 1537 DETACHD
3220 DUNCAN DR $499,900 4 2.1 2743 DETACHD
16304 WHITE OAKS DR $519,900 4 2.1 2970 DETACHD
16018 PARKER RD $589,900 4 3.2 2737 DETACHD
2300 CHILDS RD $772,000 4 2 3183 DETACHD
17363 GRANDVIEW CT $795,000 4 3.2 4218 DETACHD
815 E AVE $998,000 3 2.1 2796 DETACHD
16743 Graef CIR $1,650,000 4 2.1 3772 DETACHD

PENDING SALES (May 21-27, 2012)

Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #42 $56,200 2 1 932 CONDO 72
4 TOUCHSTONE #123 $119,900 3 2.1 1351 CONDO 37
285 CERVANTES $139,500 3 1.1 1144 CONDO 57
668 MCVEY AVE #34 $149,000 1 1 636 CONDO 26
16430 LAKE FOREST BLVD $185,000 3 1 1342 DETACHD 269
647 2ND ST $339,000 2 2 1457 ATTACHD 7
12770 SIERRA VISTA DR $392,900 4 2.1 2592 DETACHD 106
71 TANGLEWOOD DR $399,900 3 3 2616 DETACHD 739
836 CLARA CT $409,000 4 2.1 2048 DETACHD 15
6126 FROST LN $419,800 5 3 2400 DETACHD 163
1690 FIRCREST CT $419,900 3 3.1 2718 DETACHD 48
14321 CAMDEN LN $459,900 4 2.1 2553 DETACHD 7
48 BECKET ST $465,000 3 2.1 2485 DETACHD 284
5537 KILCHURN AVE $474,900 4 2.1 2301 DETACHD 87
14340 Amberwood CIR $490,000 4 3.1 2863 DETACHD 21
2152 WEMBLEY PL $499,000 4 3 2854 DETACHD 3
5590 LUCE LN $564,900 5 3 3374 DETACHD 17
5598 LUCE LN $569,900 5 3 3372 DETACHD 17
4637 HASTINGS PL $599,000 4 2.1 3568 DETACHD 282
1285 Wells ST $599,900 4 2.1 3718 DETACHD 177
540 NORTHSHORE RD $615,000 4 3 2597 DETACHD 69
14100 REDWOOD CT $648,995 4 3 3134 DETACHD 4
14066 Edenberry DR $699,900 5 3.1 3835 DETACHD 103
17010 CHAPIN WAY $729,000 4 3.1 4032 DETACHD 631
17531 KELOK RD $799,900 4 3 2942 DETACHD 77
1227 LAKE FRONT RD $875,000 4 3 2616 DETACHD 140
1968 CHERYL CT $1,375,000 4 4.3 6153 DETACHD 27

SOLD (May 21-27, 2012)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
330 CERVANTES CIR #13-C $84,000 $60,000 2 1 832 CONDO 273
3930 LAKE GROVE AVE C-1 $99,900 $91,500 2 1 952 CONDO 72
4214 WOODSIDE CIR $234,900 $160,000 3 2.1 1841 ATTACHD 154
3582 LAKE GROVE AVE $279,900 $254,584 3 2 1207 DETACHD 26
6666 CHILDS RD $385,000 $386,000 3 1 2073 DETACHD 30
9 SPINOSA $425,000 $398,000 2 2.1 2250 DETACHD 39
4861 HASTINGS DR $470,000 $460,000 3 2.1 2320 DETACHD 3
4081 PFEIFER CT $580,000 $564,000 5 3.1 4070 DETACHD 55
1700 MAPLE ST $629,900 $575,000 3 2.1 3098 DETACHD 52
14231 DOLPH CT $649,900 $600,000 3 2 2630 DETACHD 326
4103 CASEY CT $749,900 $700,000 4 3.1 3507 DETACHD 527
13575 GOODALL RD $1,099,990 $900,000 4 5.1 4271 DETACHD 1082
1051 SUNNINGDALE RD $1,100,000 $1,060,000 4 3 4161 DETACHD 344
1193 FAIRWAY RD $2,995,000 $2,675,000 5 4.2 7028 DETACHD 301

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 5/27/12

6479 McDuff Ct
This Sunday there are 13 homes scheduled to held open, including my new listing at 6479 McDuff Ct.
I’d love to have the chance to meet you and to have you see this gorgeous home.

Priced at $589,900, it has 3173 square feet. It was built in 2006 and has a great-room floorplan, 3 bedrooms and a bonus room.

You’ll find my bright yellow signs on McEwan and Childs Roads. I’ll be there from noon to 3pm. Come on by!

19271 Benfield Ave, a house, $267,000, 3 BR, 2 Bths, open 1 to 3

14326 Orchard Springs Rd, a house, $359,900, 4 BR, 2.5 Bths, open 1 to 3

14359 Orchard Springs Rd, a house, $369,000, 4 BR, 2.5 Bths, open 1 to 3

5947 Meadowcreek Ct, a house, $495,000, 4 BR, 2.5 Bths, open 1 to 3

3220 Duncan Dr, a house, $499,900, 4 BR, 2.5 Bths, open 1 to 4

5542 Dunmire Dr, a house, $519,900, 4 BR, 2.5 Bths, open 12 to 4

7 Mountain View Ln, a house, $535,000, 5 BR, 2.5 Bths, open 1 to 4

6479 McDuff Ct, a house, $589,900, 3 BR, 2.5 Bths, open 12 to 3

17980 Meadowlark Ln, a house, $689,000, 3 BR, 2.5 Bths, open 1 to 4

16805 Scott Ct, a house, $979,000, 4 BR, 3.5 Bths, open 1:30 to 4

18024 Skyland Circle, a house, $1,149,000, 4 BR, 3.5+.5 Bths, open 12 to 3

13766 Knaus Rd, a house, $1,199,000, 5 BR, 5 Bths, open 1 to 4

112 Northshore Circle, a house, $1,599,000, 4 BR, 3.5 Bths, open 12 to 4

Posted on

Featured Property: 6479 McDuff Ct

Kitchen and informal dining
Greatroom
Front of house
I am proud to introduce you to a new listing that I have in Lake Oswego. 5479 McDuff Ct is located in the Rivergrove area of Lake Oswego. It’s a quiet cul-de-sac location of newer homes. The lot has 8800 square feet and there is also a grassy commons area.

The house is pretty spectacular, and, in my opinion, has above average quality. It was built in 2006. The thing that really makes it stand out is the quality of the woodwork and trim. It’s one of those things that your eye picks up on subconsciously. You just know that house feels superior.

It has a greatroom floor plan, 3 bedrooms, a bonus room, and 2 1/2 baths. The master suite has a luxurious bath with jetted tub and a custom shower. It also has a fireplace and a Juliet balcony. The hall bath has access from the hallway itself, but also from both of the secondary bedrooms.

The house has 3173 square feet with gas heat, 2 gas fireplaces, central air conditioning, and central vacuum, it is just a top-notch home.

The asking price is $589,900. For an appointment to see this house, please call me at 503-803-6298.
Dianne

Posted on

Market Activity for May 14-20, 2012

Last week 21 new listings came onto the market, 23 homes went pending, and 13 sales closed, including a house on the Willamette River for $3,600,000. That is the most high-end sale in the area in several years. Ther has been quite a bit of buzz about it. Also of note is that it sold in just 33 days.

New Listings

86 Kingsgate Rd, condo, $73,900, 2 BR, 2 Bths, 849SF

6930 Montauk Circle, condo, $119,000, 2 BR, 1 Bth, 924SF

19271 Benfield Ave, detached, $267,000, 3 BR, 2 Bths, 1256SF

18863 Indian Springs Rd, detached, $315,000, 4 BR, 3 Bths, 1976SF

647 2nd St, attached, $339,000, 2 BR, 2 Bths, 1457SF

1830 Cloverleaf Rd, detached, $364,999, 5 BR, 2 Bths, 1795SF

14361 Sherbrook Pl, detached, $419,900, 3 BR, 2.5 Bths, 2100SF

4690 Auburn Ln, attached, $439,900, 3 BR, 3.5 Bths, 2732SF

15585 Partridge Dr, detached, $449,950, 4 BR, 2.5 Bths, 2604SF

5073 Madrona St, detached, $455,000, 3 BR, 3 Bths, 3299SF

14321 Camden Ln, detached, $459,900, 4 BR, 2.5 Bths, 2553SF

5214 Lower Dr, detached, $485,000, 4 BR, 2.5 Bths, 2904SF

18140 Pioneer Ct, detached, $499,000, 4 BR, 2.5 Bths, 2537SF

17622 Brookhurst Dr, detached, $569,000, 4 BR, 2.5 Bths, 2909SF

6479 McDuff Ct, detached, $589,900, 3 BR, 2.5 Bths, 3173SF

18345 Heather Ann Ct, detached, $665,000, 4 BR, 2.5 Bths, 3336SF

13741 Knaus Rd, detached, $700,000, 3 BR, 2 Bths, 2874SF

50 Becket St, detached, $734,000, 4 BR, 2.5 Bths, 4216SF

5680 La Mesa Ct, detached, $769,900, 4 BR, 3.5 Bths, 3440SF

330 Northshore Rd, detached, $789,000, 4 BR, 3 Bths, 3324SF

3917 Southshore Blvd, detached, $2,150,000, 3 BR, 4.5 Bths, 4657SF

Pendng Sales

100 Kerr Pkwy #53, condo, $67,500, 1 BR, 1 Bth, 617SF, 6DOM

92 Oswego Summit, condo, $84,900, 1 BR, 1 Bth, 764SF, 66 DOM

49 Oswego Summit, condo, $89,500, 1 BR, 1 Bth, 721SF, 18 DOM

19158 Longfellow Ave, detached, $199,000, 3 BR, 1.5 Bths, 1232SF, 100 DOM

4868 Lakeview Blvd, detached, $219,000, 2 BR, 1 Bth, 800 SF, 4 DOM

15155 Glen Eagles Ct, detached, $234,500, 3 BR, 2.5 Bths, 2300 SF, 8 DOM

10 Preakness Ct, attached, $279,500, 4 BR, 2.5 Bths, 2270 SF, 155 DOM

2965 Tolkien Ln, detached, $289,000, 4 BR, 2.5 Bths, 3925 SF, 2 DOM

4991 Centerwood St, detached, $299,900, 4 BR, 3.5 Bths, 2286 SF, 183 DOM

1053 Hallinan St, detached, $300,000, 3 BR, 2.5 Bths, 1944 SF, 9 DOM

14124 Goodall Rd, detached, $349,000, 4 BR, 2 Bths, 2624 SF, 2 DOM

225 Hidalgo St, detached, $365,000, 4 BR, 2.5 Bths, 2251 SF, 2 DOM

12770 Sierra Vista Dr, detached, $393,900, 4 BR, 2.5 Bths, 2592 SF, 98 DOM

6 Sherwood Ct, detached, $450,000, 4 BR, 3 Bths, 3133 SF, 407 DOM

19010 Bryant Rd, detached, $499,000, 4 BR, 3.5 Bths, 4878 SF, 166 DOM

4626 Chelsea Ln, detached, $574,900, 4 BR, 2.5 Bths, 3364 SF, 70 DOM

2323 Prestwick Rd, detached, $596,000, 4 BR, 3 Bths, 3142 SF, 0 DOM

15655 Village Dr, detached, $625,000, 4 BR, 2.5 Bths, 4044 SF, 1 DOM

1896 Palisades Lake Ct, detached, $767,500, 4 BR, 3 Bths, 3476 SF, 8 DOM

3131 Wembley Park Rd, detached, $819,000, 4 BR, 3.5 Bths, 3597 SF, 352 DOM

1291 Garden Ct, detached, $874,500, 3 BR, 3 Bths, 3254 SF, 5 DOM

13795 Cameo Ct, detached, $1,475,000, 4 BR, 5.5+.5 Bths, 7190 SF, 176 DOM

1075 Chandler Rd, detached, $1,535,000, 5 BR, 4.5 Bths, 5946 SF, 212 DOM

Closed Sales

5055 Foothills DR H, condo, original price $187,000, sold price $172,000, 2 BR, 2 Bths, 134 CDOM

51 Oriole Ln, detached, original price $199,900, closed price $175,500, 3 BR, 2 Bths, 119 CDOM

24 Weatherstone, attached, original price $239,000, closed price $239,000, 3 BR, 2.5 Bths, 38 CDOM

55 Northshore Rd #8, attached, original price $279,000, closed price $255,974, 1 BR, 1 Bth, 234 CDOM

42 Northview Ct, attached, original price $369,900, closed price $357,000, 3 BR, 3.5 Bths, 304 CDOM

2357 Hillside Ln, detached, original price $474,900, closed price $435,000, 5 BR, 3 Bths, 45 CDOM

555 Atwater Rd, detached, original price $599,000, closed price $585,000, 5 BR, 3 Bths, 459 CDOM

3623 Eena Rd, detached, original price $649,000, closed price $635,000, 5 BR, 3.5 Bths, 271 CDOM

2351 Palisades Crest Dr, detached, original price $699,900, closed price $676,000, 5 BR, 2.5 Bths, 59 CDOM

15468 Boones Way, attached, original price $724,900, closed price $699,000, 4 BR, 2.5 Bths, 260 CDOM

2311 Oswego Glen Ct, detached, original price $839,000, closed price $780,000, 4 BR, 4 Bths, 474 CDOM

4110 Canal Rd, detached, original price $970,000, closed price $880,000, 4 BR, 3.5 Bths, 103 CDOM

12900 Fielding Rd, detached, original price $4,395,000, closed price $3,600,000, 6 BR, 7.5 Bths, 33 CDOM

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

Buying Distressed Houses

After my post a week or so ago showing the percentage of distressed houses in the current market, I got an inquiry asking what should a buyer do to make the most of these circumstances.

As a reminder, there are two types of distressed houses: shortsales and foreclosures. Shortsales are still owned by the homeowner, but the amount owed on the mortgage is more than the house is worth. To sell the house, the homeowner must get the lender to discount the mortgage and forgive some of the debt.

Shortsales are frustrating because it requires a 3rd party, the lender, to approve the sale. As a buyer you have to wait it out and it can take months. After the wait, the lender may then not approve the sale and your time and effort will have been for nothing. This may not be so bad for an investor, as the end result may be worth it. But for a buyer who is trying to purchase a home, it can be agonizing.

Shortsales are listed for sale just like any other property and are found on most National websites as well as our local RMLS.

Bank Foreclosures (sometimes called REO, Real Estate Owned) are a better proposal for everyone. They are already repossessed and the title to the property is held by the lender. This is a more normal sale in that there is not waiting game for approvals. Escrow can occur in 45 days, just like a normal purchase.

The big difference in a foreclosure is that the bank will have extensive paperwork to protect their interest. They go to great lengths to get buyers of their properties to sign off on any recourse after closing. They will also have items like penalties if the closing does not occur on time. So as a buyer, you need to do your part to thoroughly inspect the property, and the deal on the house really needs to be such that putting up with the hoops that the bank puts out there is worth it.

Bank foreclosures are also listed with Realtors. So you will find them on the National websites as well in on our local RMLS. However, there are a couple of other websites that you can use:

www.homepath.com lists Fannie Mae foreclosures
www.va.equator.com lists Veterans Association Foreclosures
www.hudhomestore.com lists FHA foreclosures

These websites do not charge for the information. There are numerous other websites that do charge. I have always felt it is silly to pay for what is otherwise free. If you google “bank foreclosures” you’ll get a slew of sights that want to make money off of your curiousity.

Next you need to know that if you are going to get into this game, you have to be ready. You are one of thousands. These houses, at least the ones that are priced right in nice areas of town, sell fast. So you 1) need to get your money in order with proof of funds for cash purchases or financing for a mortgage, and 2) watch the market daily and be prepared to move.

When the deals are offered, expect multiple offers. Be prepared to pay over the list price. In a recent experience I have had, there were 4 cash offers. My buyer went just $1100 over the list price and got the house.

Last, be prepared to find defects in the house. People who are underwater in their homes or loose their homes to foreclosure do not have money to do repairs. These properties are sold “as is” and the repairs fall to the buyer. Again, get a good home inspection. These offers are still made subject to a home inspection contingency. So if you find something really bad, you can get out of the deal.

There really are buying opportunities out there right now. I hope this gives you some perspective on how you might make the most of the situation.
Dianne

Posted on

Market Activity May 7-13, 2012

Last week 23 new listings came onto the market, 21 homes went pending, and 7 sales closed and recorded.

New Listings

4619 Lakeview Blvd, condo, $79,000, 1 BR, 1 Bth, 753SF

3958 Carman Dr, condo, $134,900, 2 BR, 2.5 Bths, 1133SF

4868 Lakeview Blvd, detached, $219,000, 2 BR, 1 Bth, 800SF

15155 Glen Eagles Ct, detached, $234,500, 3 BR, 2.5 Bths, 2300SF

109 Kingsgate Rd, detached, $240,000, 3 BR, 2 Bths, 1388SF

1053 Hallinan St, detached, $300,000, 3 BR, 2.5 Bths, 1944SF

836 Clara Ct, detached, $409,000, 4 BR, 2.5 Bths, 2048SF

2794 Cedar Rd, detached, $417,000, 4 BR, 2.5 Bths, 2500SF

2794 Vale Ct, detached, $438,000, 3 BR, 2.5 Bths, 2970SF

16014 SW Parker Rd, detached, $567,950, 5 BR, 3 Bths, 2277SF

17479 Brookhurst Dr, detached, $600,000, 4 BR, 2.5 Bths, 3551 SF

2415 Park Dr, detached, $619,000, 3 BR, 2.5 Bths, 2163SF

12870 Elk Rock Rd, detached, $750,000, 3 BR, 2 Bths, 2542SF

1985 Country Club Rd, detached, $760,000, 5 BR, 4Bths, 3630SF

1896 Palisades Lake Ct, detached, $767,500, 4 BR, 3 Bths, 3476SF

1267 Cherry Ln, detached, $784,000, 3 BR, 2 Bths, 3311SF

1273 Wells St, detached, $799,900, 4 BR, 3 Bths, 4000SF

1033 Northshore Rd, detached, $819,000, 3 BR, 2 Bths, 2976SF

18977 Barton Rd, detached, $840,000, 4 BR, 4.5 Bths, 5076SF

17411 Bergis Farm Dr, detached, $882,500, 4 BR, 3.5 Bths, 4282SF

17618 Lake Haven Dr, detached, $1,595,000, 6 BR, 4 Bths, 4471SF

1607 Lake Front Rd, detached, $1,895,000, 4 BR, 4 Bths, 4012SF

3142 Lakeview Blvd, detached, $4,250,000, 4 BR, 5 Bths, 5554SF

Pending Sales

89 Galen ST #89, condo, $40,500, 1 BR, 1 Bth, 575SF, 42 DOM

100 Kerr Pkwy #28, condo, $72,000, 2 BR, 1.5 Bths, 860SF, 2 DOM

313 Cervantes, condo, $120,000, 2 BR, 2 Bths, 1209SF, 61 DOM

5060 Foothills Dr E, condo, $239,900, 2 BR, 2 Bths, 1252SF, 90 DOM

5695 Burma, detached, $250,000, 4 BR, 2.5 Bths, 1934 SF, 15 DOM

18680 Wood Duck Way, detached, $265,200, 3 BR, 2 Bths, 1784 SF, 18 DOM

8 Polonius St, detached, $270,000, 3 BR, 2 Bths, 1729SF, 214 DOM

59 Condolea Terr., condo, $295,000, 3 BR, 3 Bths, 2198SF, 1 DOM

5266 Charleton Ct, detached, $299,500, 3 BR, 2 Bths, 2063SF, 9 DOM

186 D Ave, attached, $299,900, 3 BR, 2.5 Bths, 1636SF, 201 DOM

19201 Maree Ct, detached, $334,900, 3 BR, 3 Bths, 3739SF, 141 DOM

2681 Greentree Rd, detached, $349,900, 4 BR, 3 Bths, 2291SF, 361 DOM

1872 Kilkenny Dr, detached, $379,900, 5 BR, 3 Bths, 2748 SF, 302 DOM

1934 Wembly Place, detached, $384,900, 4 BR, 2.5 Bths, 2321SF, 2 DOM

1690 Fircrest Ct, detached, $419,900, 3 BR, 3.5 Bths, 2718SF, 28 DOM

17157 Blue Heron Rd, detached, $525,000, 5 BR, 3 Bths, 2799SF, 536 DOM

13219 Deerfield Ct, detached, $799,900, 4 BR, 3.5 Bths, 3915SF, 22 DOM

2311 Oswego Glen Ct, detached, $839,000, 4 BR, 4 Bths, 4529SF, 474 DOM

16655 Maple Circle, detached, $995,000, 2 BR, 2 Bths, 2030SF, 81 DOM

951 Atwater Rd, detached, $1,645,000, 6 BR, 5.5 Bths, 7582SF, 7 DOM

2936 Lakeview Blvd, detached, $1,895,000, 5 BR, 3.5 Bths, 4179SF, 17 DOM

Closed Sales

112 Greenridge Ct, attached, original price $219,900, closed price $188,000, 2 BR, 3 Bths, 77 CDOM

1442 Ash St, detached, original price $250,000, closed price $230,000, 3 BR, 2 Bths, 21 CDOM

2834 Glenmorrie Dr, detached, original price $499,000, closed price $355,000, 3 BR, 2.5 Bths, 213 CDOM

13020 Princeton Ct, detached, original price $457,000, closed price $392,000, 4 BR, 2.5 Bths, 308 CDOM

486 Livingood Ln, detached, original price $459,000, closed price $430,000, 4 BR, 3.5 Bths, 53 CDOM

1427 Horseshoe Curve, detached, original price $879,000, closed price $800,000, 2 BR, 2 Bths, 240 CDOM

15905 Oswego Shore Ct, detached, original price $1,495,000, closed price $1,400,000, 3 BR, 3.5 Bths, 17 CDOM