Welcome Whitney!
Dianne
Market Activity August 18-24, 2014
Here is your Latest Market Data: last week in Lake Oswego we saw 14 New properties enter the market, 27 move to Pending status, and 19 “Closed”/Sold.
Following is the breakdown according to RMLS:
New on Market (Aug 18-24, 2014)
| Address | Type | Price | BR | Bths | SF |
| 4 Touchstone #91 | Condo | $122,500 | 2 | 2 | 984 |
| 200 Burnham Rd #301 | Condo | $159,000 | 1 | 1 | 948 |
| 48 Eagle Crest Dr 2B | Condo | $204,900 | 3 | 2 | 1623 |
| 1180 Oxford Dr | Detached | $329,900 | 3 | 3 | 1760 |
| 5713 Kenny St | Detached | $349,000 | 3 | 2 | 1384 |
| 19180 Indian Creek Ave | Detached | $365,000 | 4 | 3 | 2392 |
| 18978 Indian Springs Circle | Detached | $425,000 | 3 | 2 | 1900 |
| 1310 Lee St | Detached | $425,000 | 3 | 2 | 2344 |
| 1401 Greentree Circle | Detached | $449,000 | 3 | 2 | 1800 |
| 18431 Deer Oak Ave | Detached | $449,900 | 4 | 2.5 | 2203 |
| 120 Condolea Dr | Condo | $549,900 | 3 | 3 | 2958 |
| 2175 Crest Dr | Detached | $799,900 | 3 | 3 | 2950 |
| 18177 Delenka Ln | Detached | $830,000 | 5 | 2.5+.5 | 3802 |
| 18042 skyland Circle | Detached | $1,150,000 | 5 | 3 | 4800 |
Pending (Aug 18-24, 2014)
| Address | Type | Price | BR | Baths | SF | DOM |
| 4 Touchstone #110 | Condo | $149,000 | 2 | 2 | 1000 | 24 |
| 245 Cervantes | Condo | $149,900 | 2 | 2 | 1292 | 5 |
| 1316 Cedar St | Detached | $240,000 | 1 | 1 | 1594 | 7 |
| 1531 Cedar St | Detached | $264,900 | 2 | 1 | 832 | 4 |
| 16200 Pacific Hwy #21 | Condo | $269,000 | 2 | 2 | 1190 | 78 |
| 1 Peacock Place | Detached | $299,000 | 3 | 2.5 | 1248 | 34 |
| 5010 Oakridge Rd | Detached | $317,500 | 3 | 2 | 1182 | 4 |
| 90 Kingsgate Rd | Detached | $325,000 | 3 | 2.5 | 1727 | 326 |
| 4291 Woodside Circle | Attached | $325,000 | 3 | 2 | 2026 | 49 |
| 1795 Fernwood Dr | Detached | $329,900 | 3 | 1 | 1220 | 17 |
| 16494 Inverurie Rd | Detached | $349,000 | 3 | 1 | 1200 | 7 |
| 10 Abelard St | Detached | $394,900 | 3 | 2 | 1874 | 5 |
| 16902 Chapin Way | Detached | $449,000 | 3 | 2.5 | 1993 | 4 |
| 1191 Oxford Dr | Detached | $459,950 | 5 | 3 | 2900 | 57 |
| 4575 Oakridge Rd | Attached | $460,000 | 3 | 2.5 | 1927 | 49 |
| 18893 Indian Springs Circle | Detached | $469,500 | 4 | 3 | 2841 | 132 |
| 18211 Moria Ct | Detached | $519,000 | 4 | 2.5 | 2538 | 14 |
| 577 2nd St #306 | Condo | $570,000 | 2 | 2 | 1459 | 45 |
| 17900 Canal Rd | Detached | $575,000 | 4 | 3 | 2992 | 266 |
| 17450 Treetop Way | Detached | $585,000 | 5 | 3 | 3752 | 0 |
| 3333 Royce Way | Detached | $614,999 | 4 | 2.5 | 2697 | 295 |
| 16 Southwood Dr | Detached | $632,500 | 5 | 2.5 | 3043 | 6 |
| 435 8th St | Detached | $695,000 | 3 | 3.5 | 2394 | 116 |
| 841 Northshore Rd | Detached | $889,850 | 3 | 3 | 2388 | 68 |
| 1776 Oak St | Detached | $925,000 | 4 | 3.5+.5 | 4012 | 5 |
| 17643 Kelok Rd | Detached | $950,000 | 4 | 2.5 | 2390 | 92 |
| 2015 Street of Dream | Detached | $1,998,000 | 5 | 4.5 | 5185 | 57 |
Sold/Closed (Aug 18-24, 2014)
| Address | Type | List Price | Closed Price | Sq Ft | CDOM |
| 370 Cervantes Circle | Condo | $133,000 | $111,000 | 832 | 83 |
| 510 S State St | Condo | $150,000 | $149,000 | 829 | 4 |
| 4 Touchstone #62 | Condo | $158,500 | $158,500 | 1351 | 6 |
| 1368 Boca Ratan Dr | Attached | $262,500 | $255,000 | 1,611 | 55 |
| 5950 Harrington Ave | Detached | $298,000 | $280,000 | 960 | 43 |
| 6136 Fernbrook Circle | Detached | $293,455 | $306,455 | 1250 | 1 |
| 135 Kingsgate Rd | Detached | $357,000 | $344,500 | 1720 | 17 |
| 17440 Hill Way | Detached | $389,900 | $348,000 | 1492 | 1 |
| 1380 Bonniebrae Dr | Detached | $415,000 | $385,000 | 2940 | 37 |
| 3065 Royce Way | Detached | $469,000 | $410,000 | 2726 | 223 |
| 1210 Wells St | Detached | $525,000 | $470,000 | 4494 | 132 |
| 5 Falstaff St | Detached | $495,000 | $482,000 | 2,417 | 12 |
| 5415 Bay Creek Dr | Detached | $600,000 | $600,000 | 3105 | 3 |
| 18322 Anduin Terrace | Detached | $689,000 | $650,000 | 3771 | 106 |
| 17303 Grandview Ct | Detached | $675,000 | $664,000 | 3580 | 49 |
| 146 Del Prado St | Detached | $699,900 | $676,000 | 3263 | 7 |
| 17814 Marylcreek Dr | Detached | $799,900 | $780,000 | 4497 | 0 |
| 755 6th St | Detached | $995,000 | $909,000 | 4170 | 181 |
| 3730 Marquis Ct | Detached | $1,899,000 | $1,899,000 | 6039 | 489 |
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
News & Notes
Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) numbers:
The latest numbers shows mostly robust activity in Portland and the Lake Oswego/West Linn areas for July.
According to the RMLS Market Action Report for the Portland Metro Area July, 2014:
- At 2,678, July Closed Sales rose 2.3% over the month prior (June), but fell 3.2% when compared with July of 2013.
- There were 3,954 New Listings in July... 2.0% higher than July 2013, but down 3% from the month prior when there were 4,078.
- The Average Sale Price in July, $344,700, was up nearly $10,000 (9,900) from the month prior! In addition the first seven months of 2014 are logging an Average Sale Price of $331,400, which is up 7.9% over the same time period in 2013.
- July Pending Sales (accepted offers), at 2,802, were down 5.5% from the month prior. This seems to indicate a slowing where Buyers were not making as many offers in July. That said, the Pending sales are up 2.3% over July 2013 .
The combined areas of Lake Oswego and West Linn for July reported:
- 557 Active Listings
- 230 New Listings
- 148 Pending Sales
- 157 Closed Sales
- An average Sale Price of $560,900.
- Average Time on the Market: 85 Days
Market Activity ~ Aug 11-17, 2014
Here is your Latest Market Data: Last week in Lake Oswego we saw 15 New properties enter the market, 23 move to Pending status, and 16 “Closed”/Sold.
Following is the breakdown according to RMLS:
NEW on Mkt (Aug 11-17, 2014)
| List Price | Address | # Beds | # Baths | Total SF | Prop Type |
| $149,900 | 245 CERVANTES | 2 | 2 | 1292 | CONDO |
| $189,000 | 203 OSWEGO SMT #203 | 2 | 2 | 1506 | CONDO |
| $315,000 | 2 THE GROTTO | 3 | 2 | 1156 | DETACHD |
| $349,000 | 16494 INVERURIE RD | 3 | 1 | 1200 | DETACHD |
| $394,900 | 10 ABELARD ST | 3 | 2 | 1874 | DETACHD |
| $410,000 | 123 CONDOLEA DR | 3 | 3 | 2143 | CONDO |
| $449,900 | 16902 CHAPIN WAY | 3 | 2.1 | 1993 | DETACHD |
| $450,000 | 6055 SW CARMAN DR | 3 | 3 | 2460 | DETACHD |
| $499,900 | 1001 BULLOCK ST | 3 | 2 | 2008 | DETACHD |
| $718,000 | 5726 CHARLES CIR | 4 | 3.1 | 3173 | DETACHD |
| $899,500 | 737 COUNTRY CLUB RD | 4 | 2.1 | 3242 | DETACHD |
| $925,000 | 1776 OAK ST | 4 | 3.2 | 4012 | DETACHD |
| $1,295,000 | 689 G AVE | 4 | 2.1 | 3100 | DETACHD |
| $1,649,500 | 1400 RIDGECREST DR | 4 | 4 | 3859 | DETACHD |
| $2,375,000 | 18022 SKYLAND CIR | 4 | 5.1 | 9265 | DETACHD |
PENDING SALES (Aug 11-17, 2014)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 100 KERR PKWY #54 | $89,900 | 1 | 1 | 617 | CONDO | 2 |
| 3884 BOTTICELLI ST #34 | $140,000 | 2 | 1.1 | 1132 | CONDO | 150 |
| 432 5TH ST #1 | $279,900 | 2 | 1.1 | 1092 | CONDO | 57 |
| 5720 KENNY ST | $289,900 | 3 | 2 | 1416 | DETACHD | 64 |
| 1310 OAK TER | $379,000 | 3 | 1 | 900 | DETACHD | 17 |
| 16998 GREENTREE AVE | $398,500 | 4 | 2.1 | 2392 | DETACHD | 64 |
| 3225 TEMPEST DR | $448,000 | 3 | 2.1 | 2231 | DETACHD | 48 |
| 257 C AVE | $449,000 | 4 | 2 | 1600 | DETACHD | 105 |
| 23 TOUCHSTONE | $479,000 | 5 | 4 | 3144 | DETACHD | 81 |
| 17187 CARLSON CT | $495,000 | 4 | 3 | 2082 | DETACHD | 10 |
| 1023 GANS ST | $495,000 | 3 | 2.1 | 2770 | DETACHD | 3 |
| 5101 DAWN AVE | $499,000 | 5 | 3 | 2700 | DETACHD | 260 |
| 1286 LARCH ST | $549,900 | 4 | 2.1 | 2410 | DETACHD | 97 |
| 1403 GREENTREE CIR | $649,900 | 5 | 3.1 | 4047 | DETACHD | 47 |
| 1640 OAK ST | $675,000 | 4 | 2.1 | 3301 | DETACHD | 186 |
| 18020 SKYLAND CIR | $799,999 | 4 | 3.1 | 3210 | DETACHD | 43 |
| 17288 LOWENBERG TER | $875,000 | 4 | 3.1 | 3467 | DETACHD | 22 |
| 16672 FIR LN | $899,000 | 4 | 4.1 | 4179 | DETACHD | 119 |
| 257 IRON MOUNTAIN BLVD | $899,000 | 4 | 2.2 | 3746 | DETACHD | 52 |
| 590 OAK MEADOW DR | $1,249,000 | 4 | 4.1 | 4673 | DETACHD | 106 |
| 13777 CAMEO CT | $1,700,000 | 4 | 5.1 | 7300 | DETACHD | 38 |
| 1633 LESLIE LN | $1,850,000 | 5 | 4.1 | 5921 | DETACHD | 88 |
| 616 CABANA LN | $2,895,000 | 4 | 4 | 3800 | DETACHD | 390 |
SOLD (Aug 11-17, 2014)
| Address | Open Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 16250 PACIFIC HWY #61 | $229,900 | $209,900 | 2 | 2 | 1305 | CONDO | 136 |
| 5054 FOOTHILLS DR C | $239,000 | $228,500 | 3 | 2 | 1252 | CONDO | 245 |
| 13 SAINT HELENS CIR | $364,900 | $300,000 | 3 | 2.1 | 2022 | DETACHD | 143 |
| 1285 OAK TER | $325,000 | $315,000 | 3 | 1.1 | 1150 | DETACHD | 11 |
| 164 KINGSGATE RD | $359,000 | $355,000 | 3 | 2 | 1757 | DETACHD | 3 |
| 15465 TANAGER DR | $379,000 | $387,520 | 2 | 2 | 1535 | DETACHD | 6 |
| 13753 PROVINCIAL HILL DR | $479,900 | $475,000 | 3 | 2.1 | 1935 | DETACHD | 4 |
| 10 HOTSPUR ST | $492,000 | $499,000 | 4 | 2.1 | 2313 | DETACHD | 4 |
| 73 TANGLEWOOD DR | $509,900 | $510,000 | 4 | 3.1 | 4278 | DETACHD | 13 |
| 18212 INDIAN CREEK DR | $549,900 | $554,900 | 4 | 2.1 | 2251 | DETACHD | 6 |
| 15254 CANDLEWOOD CT | $599,000 | $570,000 | 5 | 3 | 2968 | DETACHD | 126 |
| 5807 RIDGETOP CT | $659,900 | $590,000 | 5 | 2.1 | 2650 | DETACHD | 23 |
| 14246 KIMBERLY CIR | $669,000 | $675,000 | 4 | 2.1 | 3520 | DETACHD | 25 |
| 1245 CHANDLER RD | $797,500 | $711,750 | 4 | 4 | 3278 | DETACHD | 158 |
| 5676 SUNCREEK DR | $799,000 | $800,000 | 4 | 3.1 | 3312 | DETACHD | 2 |
| 4591 DOGWOOD DR | $889,000 | $889,000 | 4 | 3.1 | 4177 | DETACHD | 2 |
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
Market Activity August 4-10, 2014
Summer continues to bring us a very strong real estate market here in Lake Oswego. Last week there were 18 new listings brought onto the market, 25 properties moved to pending status, and 23 closed/sold homes.
Following is the breakdown according to RMLS:
New on the Market (August 4-10, 2014)
| Address | Type | Price | BR | Bths | SF |
| 18660 Don Lee Way | Detached | $279,900 | 3 | 1 | 946 |
| 7210 Childs Rd | Detached | $295,000 | 3 | 2 | 1542 |
| 1795 Fernwood Dr | Detached | $334,900 | 3 | 1 | 1220 |
| 1305 Cornell St | Detached | $369,900 | 3 | 2 | 2692 |
| 3061 Doris Ct | Detached | $449,000 | 5 | 2 | 2684 |
| 1023 Gans St | Detached | $495,000 | 3 | 2.5 | 2770 |
| 18840 Rivendell Ct | Detached | $499,000 | 4 | 3 | 3060 |
| 18211 Moria Ct | Detached | $519,000 | 4 | 2.5 | 2538 |
| 7190 Childs Rd | Detached | $525,000 | 3 | 3 | 2316 |
| 17601 Woodhurst PL | Detached | $675,000 | 3 | 2.5 | 3179 |
| 4258 Albert Circle | Detached | $689,000 | 4 | 2.5 | 2745 |
| 16342 Ivy Ln | Detached | $699,900 | 5 | 3.5 | 4645 |
| 13639 Twin Creek Ln | Detached | $699,950 | 4 | 2.5 | 3202 |
| 2612 Rivendell Rd | Detached | $799,000 | 4 | 3 | 3168 |
| 18977 Barton Rd | Detached | $825,000 | 4 | 3.5+.5 | 5076 |
| 3894 Tamarack Ln | Detached | $825,000 | 4 | 3.5 | 4035 |
| 3600 Southshore Blvd | Detached | $849,900 | 3 | 2.5 | 2177 |
| 16342 Ivy Ln | Detached | $1,175,000 | 5 | 3.5 | 4645 |
Pending Sales (August 4-10, 2014)
| Address | Type | Price | BR | Baths | SF | DOM |
| 4 Touchstone #110 | Condo | $149,000 | 2 | 2 | 1000 | 10 |
| 16250 Pacific Hwy #47 | Condo | $189,900 | 2 | 1 | 1305 | 79 |
| 16200 Pacific Hwy #15 | Condo | $279,900 | 2 | 2 | 1200 | 6 |
| 4271 Woodside Circle | Attached | $350,000 | 3 | 2 | 2126 | 360 |
| 17617 Arbor Ln | Detached | $390,000 | 3 | 2 | 1745 | 11 |
| 50 Condolea Ct | Condo | $398,000 | 2 | 3 | 2760 | 85 |
| 1380 Bonniebrae Dr | Detached | $415,000 | 5 | 3 | 2940 | 37 |
| 17225 Chapin Way | Detached | $425,000 | 3 | 2 | 2257 | 17 |
| 18929 Longfellow Ave | Detached | $446,000 | 3 | 2 | 1800 | 7 |
| 32 Northview Ct | Attached | $459,900 | 4 | 3.5 | 3063 | 117 |
| 811 Sunny Hill Dr | Detached | $489,900 | 4 | 3 | 2964 | 53 |
| 6810 Childs Rd | Detached | $496,010 | 4 | 2 | 3282 | 20 |
| 2610 Glen Haven Rd | Detached | $524,995 | 4 | 3 | 3187 | 90 |
| 1282 Hide A Way Ln | Detached | $525,000 | 5 | 3 | 3300 | 65 |
| 32 Del Prado St | Detached | $529,900 | 3 | 3.5 | 2602 | 53 |
| 4105 Wood Hill Ct | Detached | $625,000 | 4 | 3 | 3154 | 75 |
| 2858 Tolkien Ln | Detached | $658,000 | 4 | 3.5 | 3742 | 139 |
| 2630 Rivendell Rd | Detached | $710,000 | 4 | 3.5 | 4611 | 413 |
| 5626 Grand Oaks Dr | Detached | $715,000 | 3 | 3.5 | 3387 | 73 |
| 14183 Taylors Crest Ln | Detached | $749,999 | 4 | 2.5 | 3624 | 92 |
| 17814 Marylcreek Dr | Detached | $799,900 | 5 | 3.5 | 3397 | 8 |
| 4063 Canal Woods Ct | Detached | $999,900 | 4 | 3.5 | 4563 | 126 |
| 1777 Atherton Dr | Detached | $1,595,000 | 6 | 4.5+.5+.5 | 6237 | 56 |
| 13777 Cameo Ct | Detached | $1,700,000 | 4 | 5.5 | 7300 | 28 |
Sold/Closed (August 4-10, 2014)
| Address | Type | List Price | Closed Price | Sq Ft | CDOM |
| 100 Kerr Pkwy #57 | Condo | $115,000 | $115,000 | 822 | 7 |
| 44 Eagle Crest Dr #37 | Condo | $131,900 | $131,900 | 908 | 57 |
| 174 Oswego Summit | Condo | $179,900 | $179,900 | 1506 | 24 |
| 45 Eagle Crest Dr #100 | Condo | $215,000 | $200,000 | 1,537 | 21 |
| 4405 Thunder Vista Ln | Condo | $225,000 | $219,000 | 2002 | 49 |
| 2130 Wembley Park Rd | Detached | $399,900 | $399,900 | 1544 | 1 |
| 1710 Meadows Dr | Detached | $399,900 | $408,000 | 1677 | 66 |
| 13053 Sierra Ct | Detached | $479,900 | $452,500 | 2215 | 107 |
| 17088 Rebecca Ln | Detached | $499,950 | $464,000 | 2554 | 301 |
| 18343 Anduin Terrace | Detached | $649,900 | $530,000 | 3000 | 375 |
| 4736 Lakeview Blvd | Detached | $584,900 | $584,900 | 2838 | 18 |
| 17033 Chapin Way | Detached | $660,000 | $625,000 | 3,163 | 113 |
| 5027 Rosewood St | Detached | $659,900 | $645,900 | 3156 | 85 |
| 13268 Deerfield Ct | Detached | $649,900 | $651,900 | 2895 | 2 |
| 1168 Andrews Rd | Detached | $725,000 | $668,000 | 1851 | 13 |
| 3766 Rivers Edge Dr | Detached | $729,900 | $719,900 | 3404 | 13 |
| 4076 Orchard Dr | Detached | $759,000 | $732,000 | 3991 | 45 |
| 3900 Canal Rd | Detached | $938,950 | $883,500 | 3759 | 40 |
| 730 Kenola Ct | Detached | $937,500 | $919,200 | 4319 | 8 |
| 1224 Tyndall Ct | Detached | $950,000 | $925,000 | 4157 | 38 |
| 16809 Quail Ct | Detached | $1,000,000 | $949,900 | 4425 | 40 |
| 2120 Glenmorrie Dr | Detached | $1,275,000 | $1,190,000 | 4293 | 124 |
| 4101 Southshore Blvd | Detached | $2,850,000 | $2,900,000 | 3707 | 2 |
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
The Haps in Lake Oswego
Dianne and I hope you are enjoying your summertime! If you are one of our many Lake Oswego readers, or working on moving to Lake Oswego (call us if you need help : ), here are some of the fun August activities you may want to sample:
* Annual Photo Contest! – Entries must be submitted by 5 p.m Sep. 4th – Photo Submission Categories include Life, Places, People, Positive Aging, Youth and Pets in Lake Oswego – Click HERE for more info.
* Collector Car & Classic Boat Pre- Show and Show – Sat & Sun/Aug 16th & 17th – Foothills Dock / & George Rogers Park – Click HERE for more details.
* Lake Oswego Farmers Market – Every Saturday, 8:30 – 1:30PM – Millennium Plaza Park -Click HERE for more details.
* Moonlight & Music Concerts – Every Sun – 6:00-7:30PM – Millennium Plaza Park (Aaron Meyer Aug 10th) – All are Welcome. Click HERE for more info.
* Movies in the Park – Every Thursday – 8:00-10:00PM – Millenium Plaza Park – Click HERE for more info.
* Master the Art of Poetry – Every Saturday – 10 – 11:15AM – Lake Oswego West End Building Click HERE for more info.
Very Best,
Linda
Note: This is not intended to solicit existing business relationships from other Realtors.
Market Activity ~ July 28-Aug 3, 2014
Here is your Latest Market Data: Last week in Lake Oswego we saw 19 New properties enter the market, 20 move to Pending status, and 19 “Closed”/Sold.
Following is the breakdown according to RMLS:
NEW on Mkt (July 28-Aug 3, 2014)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 4 TOUCHSTONE #110 | $149,000 | 2 | 2 | 1000 | CONDO |
| 5225 JEAN RD #605 | $199,900 | 2 | 2 | 1400 | CONDO |
| 16200 PACIFIC HWY #15 | $279,900 | 2 | 2 | 1200 | CONDO |
| 466 5TH ST #14 | $310,000 | 2 | 1.1 | 1092 | CONDO |
| 6243 SW DAWN ST | $314,000 | 3 | 1.1 | 1254 | DETACHD |
| 1310 OAK TER | $379,000 | 3 | 1 | 900 | DETACHD |
| 17226 TUALATIN ST | $435,000 | 4 | 2.1 | 1942 | DETACHD |
| 18929 LONGFELLOW AVE | $446,000 | 3 | 2 | 1800 | DETACHD |
| 47 DA VINCI ST | $489,900 | 3 | 2.1 | 2445 | DETACHD |
| 17187 CARLSON CT | $495,000 | 4 | 3 | 2082 | DETACHD |
| 2802 GREENTREE RD | $499,500 | 3 | 2 | 2548 | DETACHD |
| 435 7TH ST | $649,000 | 2 | 2 | 2010 | DETACHD |
| 1766 PALISADES TERRACE DR | $799,000 | 4 | 2.1 | 2792 | DETACHD |
| 1057 BULLOCK ST | $950,000 | 4 | 3.1 | 4700 | DETACHD |
| 718 MAPLE ST | $1,385,000 | 3 | 2.1 | 4023 | DETACHD |
| 16525 MAPLE CIR | $1,450,000 | 3 | 3.1 | 3443 | DETACHD |
| 17515 BLUE HERON RD | $2,595,000 | 5 | 5.2 | 6314 | DETACHD |
| 2490 SUMMIT DR | $2,595,000 | 4 | 2 | 3000 | DETACHD |
| 3796 LAKEVIEW BLVD | $2,995,000 | 3 | 2.1 | 4150 | DETACHD |
PENDING SALES (July 28-Aug 3, 2014)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 510 S STATE ST | $150,000 | 1 | 1 | 829 | CONDO | 4 |
| 750 1ST ST D25 | $224,900 | 2 | 2 | 1350 | CONDO | 34 |
| 73 CONDOLEA WAY #73 | $279,000 | 2 | 2 | 2131 | CONDO | 87 |
| 1720 BONNIEBRAE DR | $287,500 | 2 | 2 | 1611 | ATTACHD | 66 |
| 139 DEL PRADO ST | $399,000 | 4 | 2 | 2967 | DETACHD | 68 |
| 15 TOUCHSTONE | $425,000 | 4 | 2.1 | 2276 | DETACHD | 34 |
| 17441 CARDINAL DR | $449,500 | 3 | 2.1 | 1836 | DETACHD | 2 |
| 523 2ND ST #105 | $465,000 | 2 | 2 | 1274 | CONDO | 12 |
| 7 WINDSOR CT | $479,900 | 5 | 2.1 | 2728 | DETACHD | 62 |
| 54 AQUINAS ST | $499,900 | 4 | 2.1 | 2632 | DETACHD | 90 |
| 876 SUNNY HILL DR | $519,000 | 4 | 2.1 | 2164 | DETACHD | 52 |
| 11 MASARYK ST | $549,900 | 5 | 4 | 4823 | DETACHD | 375 |
| 555 COUNTRY CLUB RD | $639,900 | 3 | 2.5 | 2133 | DETACHD | 22 |
| 2751 SUMMIT DR | $648,950 | 3 | 2 | 2418 | DETACHD | 2 |
| 18322 ANDUIN TER | $670,000 | 4 | 2.1 | 3771 | DETACHD | 106 |
| 4096 COLTSFOOT LN | $699,000 | 4 | 2.1 | 3316 | DETACHD | 4 |
| 5347 DENTON DR | $785,000 | 4 | 2.1 | 3240 | DETACHD | 1 |
| 4591 DOGWOOD DR | $889,000 | 4 | 3.1 | 4177 | DETACHD | 2 |
| 50 BRIARWOOD RD | $989,000 | 6 | 6 | 7773 | DETACHD | 185 |
| 16775 GRAEF CIR | $1,450,000 | 3 | 2.1 | 2448 | DETACHD | 52 |
SOLD (July 28-Aug 3, 2014)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 5225 JEAN RD #506 | $159,900 | $157,000 | 2 | 2 | 1100 | CONDO | 7 |
| 3834 BOTTICELLI ST | $190,000 | $175,755 | 2 | 2 | 1055 | CONDO | 137 |
| 4711 REMBRANDT LN | $399,900 | $399,900 | 3 | 2.1 | 2050 | DETACHD | 36 |
| 342 5TH ST | $399,000 | $402,800 | 2 | 1 | 872 | DETACHD | 5 |
| 14584 WILMOT WAY | $439,000 | $414,000 | 4 | 2.1 | 1939 | DETACHD | 57 |
| 708 SUNNY HILL DR | $495,000 | $465,000 | 3 | 2 | 1977 | DETACHD | 33 |
| 1950 GREEN ACRES LN | $525,000 | $465,000 | 4 | 2.1 | 2659 | DETACHD | 485 |
| 14318 MEADOW GRASS ST | $495,000 | $473,142 | 3 | 2.1 | 2326 | DETACHD | 26 |
| 16943 GREENTREE AVE | $499,000 | $475,000 | 4 | 3.1 | 2433 | DETACHD | 29 |
| 4581 TRILLIUM WOODS | $567,890 | $570,000 | 3 | 2.1 | 2211 | ATTACHD | 2 |
| 577 LAUREL ST | $629,900 | $647,400 | 4 | 3.1 | 2747 | DETACHD | 45 |
| 17879 SUNDOWN CT | $635,000 | $657,000 | 4 | 2.1 | 4172 | DETACHD | 3 |
| 14167 EDENBERRY DR | $659,000 | $659,000 | 4 | 2.1 | 2851 | DETACHD | 9 |
| 4393 SUNDEW CT | $784,900 | $660,000 | 4 | 2.1 | 4881 | DETACHD | 72 |
| 654 RIDGEWAY RD | $825,000 | $700,000 | 4 | 2 | 1795 | DETACHD | 27 |
| 14480 KRUSE OAKS BLVD | $999,800 | $975,000 | 4 | 3.1 | 4661 | DETACHD | 12 |
| 17521 RIDGEVIEW LN | $1,379,900 | $1,290,000 | 4 | 3.1 | 4813 | DETACHD | 80 |
| 17353 CANAL CIR | $1,395,000 | $1,400,000 | 5 | 4 | 3329 | DETACHD | 336 |
| 13648 Goodall RD Lot 1 | $1,499,000 | $1,425,000 | 4 | 4.2 | 5206 | DETACHD | 513 |
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
Bring on the Home Inspection
You’ve hired a great Realtor and accepted an offer to sell your home. You know your house. You’ve taken care of it, but it’s not perfect. What is going to turn up in the home inspection? This has got to be one of the most agonizing parts of the selling process. Here are some tips and pointers to help know what to expect.
Get your house ready
The inspector is going to be going on the roof, opening and closing every door and window, and thoroughly investigating the entire house. You need to make his job possible by creating easy access to the attic hatch and the crawl space entrance. These are often in closets that are full of coats, luggage, and assorted personal items. Find these entries and clear out the path to the opening. You can just set things in the adjoining room and then put it all back when the inspection is over. Likewise, the inspector needs to get to the electrical panel. If it’s behind stacked boxes in the garage, it’s a problem. Move those boxes, shelves and toys so that the inspector does not have to.
If there is going to be a radon test, you need to maintain “closed house” conditions for 12 hours prior to the test starting. You can come and go, just don’t leave doors or windows standing open. These conditions must be maintained during the duration of the test (usually 48 hours). This can be hard in the summer, but you must abide by the guidelines or the test will be defective.
Stay Away
Home inspections will last anywhere from 2-5 hours depending upon the inspector and the inspections being done. It’s not uncommon for multiple inspections to be done including sewer scopes and air samples. So be patient. Please don’t be circling the block. This creates pressure upon the buyer and the buyer’s Realtor to hurry to conclusion. This is not fair to the buyer who has an agreement that allows him the opportunity to do his own investigation.
There are two problems that occur if you are present at your buyer’s home inspection. First, the buyer feels awkward. The inspection will specifically be searching for defects. Finding them creates conversation that the buyer simply prefers you not hear. Second, you will put yourself in a position of being asked questions. A person selling a home wants the inspection to go well. While trying to be helpful, you may actually dig your self into a hole by suggesting you’ll take care of issues when you haven’t seen the full list of demands, or worse, representing knowledge you don’t really have. Your roof may not have ever leaked, but do you really know if it’s been flashed correctly? Stay away and stay out of trouble.
Be ReasonableSo don’t panic, all will be well. Just know what to expect and do your part to get your house ready and accessible.
Thanks for reading,
Dianne
Market Activity July 21-27, 2014
Here is your Latest Market Data: Last week in Lake Oswego we saw 16 new properties enter the market, 26 move to pending status, and 16 closed/sold.
Following is the breakdown according to RMLS:
New on the Market (July 21-27, 2014)
| Address | Type | Price | BR | Bths | SF |
| 18852 Longfellow Ave | Detached | $314,900 | 3 | 1.5 | 1232 |
| 16875 Tracy Ave | Detached | $320,000 | 4 | 2 | 1825 |
| 200 Burnham Rd | Condo | $385,000 | 3 | 2 | 1862 |
| 17617 Arbor Ln | Detached | $390,000 | 3 | 2 | 1745 |
| 69 Condolea Terrace | Condo | $395,000 | 2 | 2.5 | 2157 |
| 4208 Harvey Way | Detached | $419,000 | 2 | 2 | 2132 |
| 17225 Chapin Way | Detached | $425,000 | 3 | 2 | 2257 |
| 2105 Greentree Rd | Detached | $459,950 | 3 | 2.5 | 1864 |
| 960 9th St | Detached | $475,000 | 2 | 1 | 1509 |
| 32 Del Prado St | Detached | $529,900 | 5 | 3 | 3696 |
| 251 D Ave | Detached | $825,000 | 3 | 2.5+.5 | 2635 |
| 17288 Lowenberg Terrace | Detached | $875,000 | 4 | 3.5 | 3467 |
| 744 9th St | Detached | $1,295,000 | 4 | 3.5 | 4255 |
| 915 Skyland Dr + Lot | Detached | $1,350,000 | 6 | 4.5 | 7072 |
| 1199 Fairway Rd | Detached | $2,995,000 | 4 | 4.5+.5 | 5527 |
| 16835 Greenbrier Rd | Detached | $6,950,000 | 6 | 5.5+.5+.5 | 8852 |
Pending Sales (July 21-27, 2014)
| Address | Type | Price | BR | Baths | SF | DOM |
| 14344 Holly Springs Rd | Detached | $399,000 | 3 | 2.5 | 1699 | 0 |
| 25 Monticello Dr | Detached | $409,000 | 3 | 2.5 | 2606 | 3 |
| 28 Westridge Dr | Detached | $429,900 | 3 | 2.5 | 2580 | 49 |
| 1440 Cherry Crest Ave | Detached | $435,000 | 4 | 2.5 | 1938 | 41 |
| 4908 Mulholland Dr | Attached | $439,000 | 3 | 2.5 | 2498 | 8 |
| 37 Churchill Downs | Detached | $460,000 | 3 | 2.5 | 2372 | 8 |
| 5300 Dawn Ave | Detached | $479,500 | 4 | 3 | 2544 | 180 |
| 13753 Provincial Hill Dr | Detached | $479,900 | 3 | 2.5 | 1935 | 4 |
| 17573 Blue Heron Ct | Detached | $540,000 | 4 | 3 | 2401 | 142 |
| 1611 Highland Dr | Detached | $549,000 | 4 | 2.5 | 2675 | 14 |
| 5747 Victoria Ct | Detached | $569,000 | 4 | 2.5 | 2432 | 7 |
| 16158 Inverurie Rd | Detached | $619,900 | 4 | 2.5 | 2744 | 3 |
| 17641 Brookhurst Dr | Detached | $659,000 | 4 | 2.5 | 3386 | 2 |
| 14150 Amberwood Circle | Detached | $665,000 | 3 | 2.5 | 2500 | 14 |
| 543 2nd St | Condo | $686,000 | 2 | 2.5 | 1816 | 69 |
| 658 1st St | Detached | $699,000 | 5 | 3.5 | 3359 | 3 |
| 14183 Taylors Crest Ln | Detached | $749,999 | 4 | 2.5 | 3624 | 74 |
| 2479 Marylview Ct | Detached | $769,000 | 4 | 3.5 | 3832 | 18 |
| 1603 Bay View Ln | Detached | $824,000 | 4 | 2.5 | 3650 | 57 |
| 17230 Fernwood Dr | Detached | $899,900 | 4 | 2.5 | 2780 | 56 |
| 755 6th St | Detached | $909,000 | 4 | 3.5 | 4170 | 181 |
| 17643 Kelok Rd | Detached | $1,074,000 | 4 | 2.5 | 2390 | 63 |
| 16359 Chapin Way | Detached | $1,250,000 | 4 | 3.5 | 4158 | 59 |
| 1045 Skyland Dr | Detached | $1,250,000 | 4 | 3 | 3942 | 2 |
| 13710 Knaus Rd | Detached | $1,995,000 | 4 | 4.5+.5 | 5780 | 64 |
Sold (July 21-27, 2014)
| Address | Type | List Price | Closed Price | Sq Ft | CDOM |
| 3101 McNary Pkwy | Attached | $239,000 | $215,000 | 1894 | 604 |
| 3902 Carman DR | Attached | $204,900 | $242,500 | 13334 | 3 |
| 60 Greenridge Ct | Attached | $312,000 | $295,000 | 2296 | 17 |
| 77 Greenridge Ct | Attached | $300,000 | $300,000 | 2,102 | 0 |
| 5073 West Sunset Dr | Attached | $364,900 | $371,500 | 1720 | 5 |
| 628 1st St | Attached | $450,000 | $445,000 | 1776 | 8 |
| 2388 Overlook Dr | Detached | $525,000 | $480,000 | 2765 | 65 |
| 2103 Ridgewood Rd | Detached | $583,000 | $499,000 | 1650 | 88 |
| 3033 Westview Circle | Detached | $900,000 | $536,000 | 5013 | 254 |
| 14412 Meadow Grass St | Detached | $584,000 | $560,000 | 3259 | 260 |
| 2251 Hillside Dr | Detached | $598,000 | $588,000 | 3467 | 34 |
| 16673 Ford Pl | Detached | $709,000 | $705,000 | 3,100 | 81 |
| 630 8th St | Detached | $995,000 | $979,000 | 2832 | 132 |
| 4333 Haven St | Detached | $999,900 | $979,900 | 3652 | 56 |
| 4515 West Rd | Detached | $1,350,000 | $1,285,000 | 5262 | 4 |
| 17471 Cardinal Dr | Detached | $1,369,000 | $1,325,000 | 3181 | 10 |
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
The Big Picture ~ Buying a Home
Let me just start by saying… I LOVE working with Buyers. My experience is that most Realtors will not venture to say this as the perception is that there is much more labor involved for the Realtor in driving folks to look at properties, working through the inspection, lending and other processes, etc. But me? My background is in Marketing… so I find it easy to list, advertise and sell someone’s home, but I have the most FUN when working with Buyers. It’s something about the adventure of helping someone find a home they Love. It’s researching, finding, and then walking with them into “the one” and watching the looks on their faces. It’s a lot of things for me. It’s the feeling I got into real estate for… and I’m all about Quality of Life- mine and yours. In fact, helping people improve theirs is another reason I got into real estate!
Ok, on that note. I thought I’d talk a little about the “Big Picture” perspective as you move through a transaction. What does the whole thing mean? …For you to spell out what you’re looking for, finally make a decision on one home that is so right for you, and then negotiate through all that follows to get to the finish line. I find that many Buyers don’t know what they’re in for when they start the process, and can potentially lose the Big Picture half-way through. Explaining that is something I incorporate into information at the start of our relationship, and/but…there’s nothing like getting into the middle of it to really throw a Buyer for a loop sometimes. Don’t let a surmountable obstacle become so large that the Big Picture is obscured. There are hurdles in all transactions…and your Realtor will help you jump them.
Hurdle #1– When you find the home of your dreams, it will have a price tag. The first order of business is to assess the lay of the land in that regard with your Realtor, and make a decision on what to offer. (Is it a competitive situation? Has the property been on the market for many months? Is it way overpriced?) Then the offer is made. The Seller will either accept your offer, counter it with their own idea of what they want to see as the sale price or in some instances reject your offer. In most cases the two parties land somewhere price-wise that they can both live with. Ok. That was hurdle number one.
Hurdle #2– You will generally (unless otherwise agreed-to) have ten busines days in which to conduct inspections and be “all negotiated” at midnight on the last of those days. Your Realtor will help you through this process, and most people these days will have a general inspection, a sewer scope and a radon test. You may opt otherwise, but those are generally called for. The inspector(s) WILL find all kinds of things wrong with your dream home. It’s their job to do so. Unless you’re buying new construction (and even then) there will be issues that maybe are 1) “FYI’s” for future maintenance, and 2) issues that need attention (like clogged gutters maybe, venting needed for bathrooms or kitchen, perhaps vapor barrier needed under the home, a tune-up on the furnace sometimes, etc) and possibly 3) issues that present safety concerns (improper wiring, structural concerns, code violations, etc). In the state of Oregon the Seller is selling the home “as-is”. That means they are not obligated to fix anything for you, and/but most people are reasonable, and a good discussion with your Realtor will help you decide which things on your pared-down list make the most sense to ask for, if any. Then a discussion via “addendums” begins with the Seller. Most people end up landing somewhere where all parties feel comfortable.
Hurdle #3– Once you’ve accomplished negotiating through all of that, and you now know you are moving forward, the Appraisal is usually ordered. This tells you and the bank that the price you’ve all agreed on is reasonable on planet earth ; ) The bank wants to make absolutely sure they don’t lend over “appraised value” and you are not obligated (unless you’ve specifically agreed to it) to pay more than appraised value for the home. If the home appraises lower than your agreed-upon sale price, you have choices that you can discuss with your Realtor.
Hurdle #4– Assuming you make it to this last hurdle, the Lender and your Realtor will be working closely with you to help you make sure that you comply with anything that the Lender’s “Underwriter” requests of you. This could involve bank statements, pay stubs, and any number of things that the Underwriter deems necessary to move the file out of their department and make it possible for the Lender to “draw documents”.
The last part of the process is you, your Realtor, your Escrow Officer, and sometimes your Lender sitting at the “Closing Table”…with you signing papers! This occurs at least one or two days prior to your contract’s “Closing Date”. The Closing Date is when the sale is recorded with the county, and funds are released, and the house is yours!
Ok… I had to say all that to get to this: You are going to jump all these hurdles unless you become so upset by any one of them that you derail the process, thereby making the end-goal of furniture-arrangement off-limits : ) Are there ever insurmountable issues that arise? Yes. But those are few and far between. Most everything can be worked through if you stay with it. So… keep perspective as you move through the process, remember your end goal, trust your Realtor, and trust yourself. If the Big Picture dominates your thinking, you’ll make great decisions all the way through : )