Tag: selling a home

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Open Houses for 11/21/2010

There is a chance of snow this Sunday.  Really?  I guess I’ll believe it when I see it.  We do get snow, so it certainly could happen. But the media always goes waaaaaay over board getting excited about the prospect.  So we shall see.

If we do get snow, open houses can be a bit iffy.  It all depends on the comfort level of the people involved for driving in it.  I would expect some of the open houses to be canceled if we more than a dusting.  There are currently 26 open houses scheduled:

86 Kingsgate Rd  F106.   $99,000 ,  2BR, 2 Bath, Open 1 to 3

18430 Pilkington Rd.  $219,900, 3 BR, 1.5 Bath, Open 1 to 3

18530 Pilkington Rd.  $229,900, 3 BR 2 Bath, Open 1 to 3

5055 Foothills Dr C.  $239,900.  2 BR, 2 Bath, Open 1 to 4

5031 Tualata Ln.  $279,900, 3 BR, 2 Bath, Open 1 to 3

53 Oriole Ln.  $304,900,  3 BR, 2.5 Bath, Open 12 to 3

326 Lake Bay Ct.  $464,900, 3 BR, 2 Bath, Open 1 to 3

17360 Hunter Ct.  $497,500, 4 BR, 2.5 Bath, Open 12 to 2

19319 SW Dogwood Ct.  $499,900, 4 BR, 2.5 Bath, Open 1 to 4

19443 Kokanee Ct. $499,900, 4 BR, 2.5 Bath, Open 1 to 4

19415 SW Dogwood Ct.  $499,900, 5 BR, 3 Bath, Open 1 to 4

4303 Sundew Ct.  $519,995, 4 BR, 2.5 Bath, Open 1 to 3

19245 SW Megly Ct.  $559,900, 5 BR, 3 Bath, Open 1 to 4

19263 SW Megly Ct.  $559,900, 5 BR, 3 Bath, Open 1 to 4

17981 Meadowlark Ln.  $584,900, 3 BR, 2.5 Bath, Open 11 to 4

5511 Fieldstone Ct.  $685,000, 4 Br, 2.5 Bath, Open 12 to 3

15459 Village Dr.  $695,000, 4 BR, 3.5 Bath, Open 1 to 4

5533 Fieldstone Ct.  $695,000, 4 BR, 2.5 Bath, Open 12 to 3

14480 Kruse Oaks Blvd.  $725,000, 4 BR, 3.5 Bath, Open 1 to 3:30

1930 Indian Trail.  $739,000, 3 BR, 3 Bath, Open 1 to 3

18842 Bryant Rd.  $739,000, 4 BR, 2.5+.5 Bath, Open 1 to 3

18894 Bryant Rd.  $749,000, 4 BR, 4.5 Bath, Open 1 to 3

17301 Canal Circle.  $764,000, 3 BR, 2.5 Bath, Open 1 to 3

18209 Siena Dr.  $1,058,000, 5 BR, 3.5 Bath, Open 12 to 3

18222 Siena Dr.  $1,189,000, 4 BR, 3.5 Bath, Open 12 to 3

Have a great weekend!  Perhaps you’ll even get the chance to build a snowman.

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Market Activity Report – Nov 8-14, 2010

It seems to be slowing down a bit as we inch closer to Thanksgiving.
Last week Lake Oswego had 10 New listings, 8 Pending sales, and 2 Closed sales according to RMLS.

See below for further details:

NEWLY LISTED (Nov 8-14, 2010)

Address List Price # Beds # Baths Total SF Prop Type
47 EAGLE CREST DR 4 $65,000 2 1 932 CONDO
99 OSWEGO SMT 99 $109,900 2 1.1 1116 CONDO
5057 FOOTHILLS DR C $189,900 3 2 1252 CONDO
19431 SW TUALAMERE AVE $255,900 3 1.1 1308 DETACHD
928 LAKE FRONT RD $345,000 4 3 2300 DETACHD
5682 LANGFORD LN $349,500 2 2 1559 DETACHD
17121 WALL ST $424,900 3 2.1 2187 DETACHD
1677 LAUREL ST $450,000 4 3.1 2481 DETACHD
13960 SHIREVA CT $489,900 5 3 2864 DETACHD
1872 PALISADES TERRACE DR $821,500 6 5 5083 DETACHD

PENDING SALES (Nov 8-14, 2010)

Address List Price # Beds #Baths Total SF Prop Type CDOM
668 MCVEY AVE 81 $129,900 2 1.1 992 CONDO 32
668 MCVEY AVE 32 $184,900 3 1.1 985 CONDO 6
5060 FOOTHILLS DR E $275,000 2 2 1252 CONDO 111
32 CHURCHILL DOWNS $379,900 4 2.1 3016 DETACHD 272
4208 ALBERT CIR $400,950 4 3 2777 DETACHD 15
942 CLARA CT $405,000 4 2.1 3123 DETACHD 122
17555 REDFERN AVE $599,000 4 3.1 3007 DETACHD 256
3140 DOUGLAS CIR $861,000 4 3.1 3489 DETACHD 10

SOLD (Nov 8-14, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
72 CONDOLEA WAY $375,000 375000 2 2.1 2958 CONDO 13
1740 YARMOUTH CIR $550,000 485000 2 2.1 1960 DETACHD 127

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

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Open Houses for November 7, 2010

Before you go to bed tonight, be sure to set your clocks back one hour. Then when you get up tomorrow morning, head on out to check out these 24 open houses in Lake Oswego.

BR BTHS Sq Ft Open
4057 JEFFERSON PKWY $179,900 3 2.1 1460 1 to 3
3854 BOTTICELLI ST $185,000 2 1.1 1132 12 to 2
4473 GOLDEN LN $249,000 2 2.1 1980 1 to 4
12802 BOONES FERRY RD $287,500 3 2.1 1454 1 to 5
53 ORIOLE LN $304,900 3 2.1 2072 12 to 3
14251 CAMDEN LN $385,000 3 2.1 2179 11 to 3
4859 SAGE HEN WAY $415,000 4 3 2417 1 to 3
17802 HILLSIDE WAY $424,900 4 2.1 2965 12 to 2
17791 HILL WAY $459,000 4 2.1 2506 1 to 3
326 LAKE BAY CT $464,900 3 2 1400 1 to 3
725 10TH ST $489,900 4 2 2016 2 to 4
19319 SW DOGWOOD CT $499,900 4 2.1 3105 1 to 4
19443 KOKANEE CT $499,900 4 2.1 2812 1 to 4
19415 SW DOGWOOD CT $519,900 5 3 3517 1 to 4
19263 MEGLY CT $559,900 5 3 3213 1 to 4
1277 HIDE A WAY LN $559,900 5 3 3120 12 to 3
12448 ORCHARD HILL RD $649,000 4 3 3302 11 to 2
5511 FIELDSTONE CT $685,000 4 2.1 3037 12 to 2
5371 LANGFORD LN $694,950 4 2.1 2950 12 to 2
15459 VILLAGE DR $695,000 4 3.1 3059 1 to 3
14480 KRUSE OAKS BLVD $725,000 3 3.1 4661 1 to 3:30
18209 SIENA DR $1,058,000 5 3.1 3839 2:30 to 4:30
1808 RIDGE POINTE DR $1,269,000 5 4.1 4155 2:30 to 4:30
1104 FOREST MEADOWS WAY $1,495,000 4 3.1 5756 2 to 4
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Market Activity Report Oct 25-31, 2010

Last week Lake Oswego had 17 New listings, 11 Pending sales, and 15 Closed sales according to RMLS.

See below for further details:

NEWLY LISTED (Oct 25-31, 2010)

Address List Price # Beds # Baths Total SF Prop Type
4000 CARMAN DR 102 $119,950 2 2 866 CONDO
1547 BOCA RATAN DR $198,000 2 1.1 1008 CONDO
186 OSWEGO SMT 186 $212,000 2 2 1506 CONDO
1659 OAK ST $299,900 3 2.1 2224 DETACHD
18407 DEER OAK CIR $319,000 4 2 1812 DETACHD
16990 LOWER MEADOWS DR $379,000 3 2.1 2000 DETACHD
1960 MAPLELEAF RD $379,900 3 2 1426 DETACHD
4208 ALBERT CIR $400,950 4 3 2777 DETACHD
36 NORTHVIEW CT $449,000 3 3.1 2573 ATTACHD
1711 HIGHLAND DR $459,000 3 2.1 1926 DETACHD
775 BOCA RATAN DR $469,000 4 3.1 2727 DETACHD
19443 KOKANEE CT $499,900 4 2.1 2812 DETACHD
5035 ROSEWOOD ST $549,900 4 3.1 3206 DETACHD
14674 RAINBOW DR $618,000 4 3 3058 DETACHD
15459 VILLAGE DR $695,000 4 3.1 3059 DETACHD
19575 35TH CT $1,195,000 4 3 4181 DETACHD
163 IRON MOUNTAIN BLVD $1,200,000 4 3.1 4314 DETACHD

PENDING SALES (Oct 25-31, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
33 CRESTFIELD CT 33 $64,900 1 1 689 CONDO 282
20 CERVANTES CIR $79,900 2 1.1 912 CONDO 8
6120 SHAKESPEARE ST $185,000 3 1.1 999 DETACHD 177
4717 FIRWOOD RD $229,000 8 3 2502 DETACHD 277
4948 MEADOWS RD $259,900 3 2 2491 DETACHD 72
1520 LABURNUM WAY $299,000 4 2 1724 DETACHD 464
28 PREAKNESS CT $349,000 5 4 2871 DETACHD 452
17712 CARDINAL CT $368,000 4 3 2146 DETACHD 203
17890 KELOK RD $417,900 4 2.1 3095 DETACHD 753
3943 TEMPEST DR $599,000 4 2.1 3714 DETACHD 119
5001 DENTON DR $759,000 4 2.1 3303 DETACHD 2

SOLD (Oct 25-31, 2010)

Address Orig Price Closed Price # Beds # Baths Total SF Prop Type CDOM
2 MOUNTAIN CIR $160,000 $110,000 2 1.1 1504 ATTACHD 21
200 BURNHAM RD 103 $174,900 $115,000 1 1 752 CONDO 162
5225 JEAN RD 104 $155,000 $136,000 2 2 1400 CONDO 118
34 CONDOLEA DR $228,000 $187,500 2 2 1420 CONDO 174
848 6th ST $425,000 $250,000 2 1 1648 DETACHD 413
743 10th ST $325,000 $290,000 2 1 1019 DETACHD 16
1070 HALLINAN $379,900 $314,000 3 1.1 1653 DETACHD 65
19242 TERRY AVE $395,000 $325,000 4 2 1872 DETACHD 185
5376 ROSEWOOD ST $394,900 $339,498 3 2.1 2457 ATTACHD 150
1000 ATWATER RD $389,900 $378,000 4 3 2200 DETACHD 3
5747 VICTORIA CT $489,950 $460,000 4 2.1 2432 DETACHD 0
14246 KIMBERLY CIR $615,000 $605,000 4 2.1 3520 DETACHD 52
1641 ENGLEWOOD DR $775,000 $665,000 4 2.1 4204 DETACHD 59
4123 CHAD DR $769,950 $675,000 4 3.1 3836 DETACHD 155
16461 CHAPIN WAY $779,900 $708,000 4 2.1 4271 DETACHD 488

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

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Halloween Open Houses!

There are 21 houses being held Open Halloween afternoon for your enjoyment!  Perhaps one of these beauties is “the one”!

Here are the Lake Oswego Open Houses for Oct. 31st according to RMLS:

Address L/Price # Beds # Baths Total SF Prop Type Time
1400 BONNIEBRAE DR $169,500 2 1 864 TOWNHSE 1-3PM
5059 FOOTHILLS DR G $192,000 2 2 991 CONDO 12-3PM
5061 FOOTHILLS DR G $199,000 2 2 991 CONDO 1-3PM
5055 FOOTHILLS DR C $239,900 2 2 1252 CONDO 12-3PM
18244 PILKINGTON RD $254,900 3 1.1 1200 DETACHD 1-3PM
4500 GALEWOOD ST $420,000 3 3 2408 DETACHD 1-4PM
12 SCARBOROUGH DR $479,900 4 2.1 2892 DETACHD 1-3PM
17360 HUNTER CT $497,500 4 2.1 3322 DETACHD 2:30-4:30PM
19319 SW DOGWOOD CT $499,900 4 2.1 3105 DETACHD 1-5PM
19415 SW DOGWOOD CT $514,900 5 3 3517 DETACHD 1-5PM
19263 MEGLY CT $559,900 5 3 3213 DETACHD 1-5PM
19245 SW MEGLY CT $569,900 5 3 3490 DETACHD 1-5P<
17981 MEADOWLARK LN $584,900 3 2.1 3250 DETACHD 10AM-4PM
5511 FIELDSTONE CT $685,000 4 2.1 3037 DETACHD 1-3PM
5371 LANGFORD LN $694,950 4 2.1 2950 DETACHD 1-3PM
5533 FIELDSTONE CT $695,000 4 2.1 3115 DETACHD 1-3PM
17424 BRYANT RD $719,000 4 4 3278 DETACHD 1-4PM
19019 BRYANT RD $739,900 4 3.1 3326 DETACHD 1-3PM
1785 PALISADES TERRACE DR $749,900 5 4.1 5052 DETACHD 1-3PM
17896 KELOK RD $774,000 5 5 4323 DETACHD 2-4PM
17884 KELOK RD $774,000 5 3.1 4124 DETACHD 2-4PM
18209 SIENA DR $1,097,000 5 3.1 3839 DETACHD 1-3PM
1808 RIDGE POINTE DR $1,269,000 5 4.1 4155 DETACHD 1-3PM
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More Market Data

  • A comparison of Sept ’10 and the previous month in Portland Metro shows an increase in Closed Sales of 1.3%
  • Average sales price in Portland Metro fell by 3.5% comparing  Sept. 2009 with Sept 2010.
  • Comparing the 3rd quarter of 2009 with 3rd quarter 2010, Closed Sales in Portland Metro dropped 24.7%
  • Comparing the 3rd quarter of 2009 with 3rd quarter 2010, Metro Listings increased by 1.2%
  • Average Metro Closed Price in Sept 2010 was $279,900
  • Average Lake Oswego/West Linn Closed Price in Sept 2010 was $432,200
  • Metro “Time on Market” for Sept 2010 was 131 days
  • Lake Oswego/West Linn “Time on Market” for Sept 2010 was 186 days
  • Metro Active Listings as of Sept 2010 was 14, 714
  • Lake Oswego/West Linn Active Listings as of Sept 2010 were 1,025
  • From Oct 1, ’09 to Sept 30 ’10, Lake Oswego/West Linn Average  Sale Prices declined by 9.3%
  • Portland Metro saw 1,399 Closed Sales in Sept. 2010
  • Lake Oswego and West Linn saw 71 Closed Sales in Sept 2010
  • All data derived from RMLS Market Action Report
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Market Activity for October 18-24, 2010

I can really feel the change of seasons. With that it always seems like the market starts to slow. I am seeing a slow down of new listings with just 14, but 14 pending sales and 8 closed sales is on pace with what we have been seeing since the end of summer.

See below for further details:

NEWLY LISTED (Oct 18-24, 2010)

Address List Price Bedrooms Baths Sq feet Prop Type
20 CERVANTES CIR $79,900 2 1.5 912 CONDO
5061 FOOTHILLS DR $199,000 2 2 991 CONDO
18244 PILKINGTON RD $254,900 3 1.5 1,200 DETACHD
5852 LAKEVIEW CT $259,000 3 1 1,032 DETACHD
1 EAGLE CREST DR $259,900 3 2 1,265 DETACHD
4141 COBB WAY $279,900 3 2 1,236 DETACHD
3684 RED CEDAR WAY $289,900 3 2.5 1,830 DETACHD
4281 CHAPMAN WAY $301,907 3 2.5 2,010 DETACHD
4500 GALEWOOD ST 420000 3 3 2,408 DETACHD
13819 PROVINCIAL HILL DR 449000 4 2.5 2,096 DETACHD
875 PALISADES TERRACE DR 499000 4 3 2,165 DETACHD
19019 BRYANT RD 739900 4 3.5 3,326 DETACHD
16847 GREENBRIER RD 1595000 3 2.5+.5 2,315 DETACHD
939 TERRACE DR 1850000 4 3.5 4,780 DETACHD

PENDING SALES (Oct 18-24, 2010)

Address List Price Bedrooms Baths Sq feet Prop Type
16 MOUNTAIN CIR $129,900 2 2 1,065 ATTACHD
200 BURNHAM RD $139,000 2 2 1,325 CONDO
221 CERVANTES $144,000 2 1.5 1,180 CONDO
1416 CHERRY CREST DR $259,000 5 3 2,559 DETACHD
37 BLOCH TER $300,000 3 2.5 1,972 ATTACHD
743 10th ST $325,000 2 1 1,019 DETACHD
1899 WOODLAND TER $369,000 5 3.5 3,031 DETACHD
72 CONDOLEA WAY $375,000 2 2.5 2,958 CONDO
3885 UPPER DR 469000 4 2.5 3,122 DETACHD
5758 CHARLES CIR 479900 3 2 2,371 DETACHD
4709 Lakeview BLVD 549900 4 2.5 2,725 DETACHD
4685 UPPER DR 550000 3 2 3,341 DETACHD
563 2ND ST 635000 2 2.5 1,748 CONDO
16990 ALDER CIR 640000 3 2.5 1,926 DETACHD

SOLD (Oct 18-24, 2010)

Address Original Price Close Price CDOM Sq Feet Prop Type BR BTHS
200 BURNHAM RD $264,000 $137,500 866 1,335 CONDO 2 2
1496 BOCA RATAN DR $249,000 $249,000 3 1,403 ATTACHD 3 1.5
2634 ORCHARD HILL PL $449,500 $423,500 13 2,573 DETACHD 3 2.5
5553 KILCHURN AVE $679,900 $640,000 25 3,274 DETACHD 4 2.5
5657 VICTORIA CT $689,900 $645,000 45 3,421 DETACHD 4 3
490 COUNTRY CLUB RD $999,999 $750,000 115 3,052 DETACHD 5 4
17537 CARDINAL DR $895,000 $800,000 407 5,282 DETACHD 5 4
2569 GLEN EAGLES PL $1,349,000 $1,115,000 114 4,591 DETACHD 5 4.5+.5

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

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Open Houses for 10/24/10

The first storm of the season is supposed to blow through Portland this evening. You may need galoshes, but these 22 houses are worth seeing:

Address List Price Bedrooms Baths Prop Type Open
221 CERVANTES $144,000 2 1.5 CONDO 2:30 to 4:30
16250 PACIFIC HWY $209,000 2 2 CONDO 2 to 4
29 GREENRIDGE CT $239,000 3 2 ATTACHD 1 to4
6062 BURMA RD $269,987 4 2 DETACHD 12 to 3
3684 RED CEDAR WAY $289,900 3 2.5 DETACHD 1 to 4
1851 KILKENNY DR $384,900 4 3 DETACHD 12 to 4
14 MONTICELLO DR $399,950 3 2 DETACHD 1 to 3
151 DEL PRADO ST $419,000 4 2.5 DETACHD 1 to3
12 SCARBOROUGH DR 479900 4 2.5 DETACHD 1 to 4
19319 SW DOGWOOD CT 499900 4 2.5 DETACHD 1 to 5
19415 SW DOGWOOD CT 514900 5 3 DETACHD 1 to 5
19263 MEGLY CT 559900 5 3 DETACHD 1 to 5
19245 SW MEGLY CT 569900 5 3 DETACHD 1 to 5
17981 MEADOWLARK LN 584900 3 3 DETACHD 10 to 4
9 ABELARD ST 599000 5 2.5 DETACHD 2 to 4
3943 TEMPEST DR 599000 4 3.5 DETACHD 12 to 2
17682 MARYLBROOK DR 599900 4 2.5 DETACHD 1 to 4
5321 AMBERWOOD CT 709000 4 3 DETACHD 2 to 4
19019 BRYANT RD 739900 4 3.5 DETACHD 1 to 3
18209 SIENA DR 1097000 5 3.5 DETACHD 2:30 to 4:30
1808 RIDGE POINTE DR 1269000 5 4.5 DETACHD 2:30 to 4:30
1968 CHERYL CT 1595000 4 4.5+.5+.5 DETACHD 1 to 4
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Foreclosure Freeze/Shortsales/Market Conditions

The news has been full of headlines about the new crisis in the mortgage industry, this time affecting foreclosures. So it seems like an opportune time to look at not only foreclosures, but also shortsales and the latest market update from RMLS.

The Foreclosure Freeze
There is now discussion that the foreclosure process, which has pretty much swamped the big lenders like Bank of America and Wells Fargo, has been mishandled. The accusation is that the paperwork involved in the foreclosures was often reviewed and processed by unqualified people and by people who did not read what they were signing. I do not know if this is true or not, but I do know that I have counseled people who are in foreclosure who have not only felt powerless, but have felt that the bank was not answering their letters, returning their phone calls, or being responsive. Obviously there is going to be anger for a person in this position. That combined with the current media coverage does make me feel that we will see litigation.

Gregor Watson, a principal with McKinley Partners, recently gave a best to worst case assessment of what this means:
Best case: this is only a technical glitch. It will require some re-tooling of the process, but the process will get back on track and foreclosures will resume. This is needed to allow the glut of foreclosures to work their way through the market and then be out of the inventory.
Medium case: people will enter into significant litigation that could take years to sort out. This could slow and extend the downturn of the housing market.
Worst case: the housing market is brought to a halt because Title Companies refuse to insure mortgages involving foreclosed homes. (This would not bring the entire market to a halt: simply the foreclosures. Still, a big problem)

On the positive side the Philidelphia Inquirer reported yesterday that Bank of America intends to begin resuming foreclosure proceedings stating that they have a legal right to do so despite accusations that documents used in the process are flawed. This bodes well for the possibility that the better scenario may result. We shall see….

Shortsales
When the whole shortsale phenomenon began a few years ago I will admit that I was a skeptic. It reminded me of the buy-a-house-with-credit-cards schemes. Just too simple to be true. Really? You could just ask your bank to forgive part of your mortgage so that you could sell it for less? Really? As time has gone by I have come to see that not only are shortsales here to stay, they are a significant part of the market.

I think shortsales do present remarkable opportunity, as do foreclosures. It allows a house to be sold for market value and not have an asking price that is based upon a value/debt that is several years old. But shortsales are not for everyone. I want to make if very clear that if you are a homeowner considering a shortsale, you need professional and legal advice far beyond the scope of what I am discussing here. So I want to directly address buyers.

The buyer best suited to benefit from a shortsale is the investor. This is because the shortsale is so uncertain and the process takes months. A buyer who is shopping for a home may have the patience for this, but is usually not in a position to wait 3-5 months and then learn that they lost the house to another bid or that the shortsale was not approved. Whereas an investor is not waiting with a moving truck full of furniture. If it works, it works. If not, that’s OK too. For the investor able to be patient, it can present real opportunity. I have personally seen several homes here in Lake Oswego that sold for values that made my jaw drop in the shortsale scenario. Just know what you are getting into.

Keeping it Local
Here in Lake Oswego we currently have an active listing inventory of 626 listings (condos and houses). Of those 37 are Bank-owned Foreclosures and 70 are shortsales. And this means that about 82% of the market is neither a foreclosure nor a shortsale. It’s a home owned by someone who is not in it upside down and who has perhaps even taken loving care of it. So there is a house out there for you whether you are an investor, a home buyer looking for a personal residence, or even a home buyer looking for a personal residence with the patience of an investor.

Also keeping it local, the latest RMLS Market Action Report offers the following information about area 147, which is Lake Oswego and West Linn Combined
Total active listings = 1025
Total pending sales = 84, a decrease of 24.3% over the same time one year ago
Average sales price = $432,200
Average days on the market = 186
Change in values over the same time last year = -9.3%
Change is closed sales, year to date = -22.3%

I consider myself to be a very positive person. The thing to do in this economy is look for how it can work in your favor. That may mean waiting, but that may also mean pouncing on opportunity. The subject today is pretty complex. Please contact Linda or myself for more information, to ask questions, or to get property information. We are here to be of help.
Dianne

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Lake Oswego Market Activity ~ Oct 11-17, 2010

Pretty robust activity last week.  Lake Oswego saw 17 New listings, 19 Pending sales, and 8 Closed sales according to RMLS.

See below for further details:

NEWLY LISTED (Oct 11-17, 2010)

Address List Price # Beds # Baths Total SF Prop Type
3433 MCNARY PKWY #204 $107,500 2 2 1008 CONDO
73 GALEN ST #73 $115,950 2 2 995 CONDO
4000 CARMAN DR #3 $119,900 1 1 836 CONDO
221 CERVANTES $144,000 2 1.1 1180 CONDO
6120 SHAKESPEARE ST $185,000 3 1.1 999 DETACHD
12802 BOONES FERRY RD $287,500 3 2.1 1548 DETACHD
7 BLOCH TER $292,000 3 2.1 2062 ATTACHD
17350 KELOK RD $379,000 3 1.2 1415 DETACHD
15824 BOONES WAY $384,900 3 2 1895 DETACHD
5490 ROYAL OAKS DR $425,000 3 2 1761 DETACHD
1094 ERICKSON ST 424900 – 474876 4 3 2769 DETACHD
3210 FIR RIDGE RD $499,000 4 3.2 2832 DETACHD
1132 TROON RD $569,000 3 2.1 1585 DETACHD
13711 FIELDING RD $719,000 3 4 4649 DETACHD
754 5TH ST $775,000 3 2 2186 DETACHD
18260 RIVER EDGE CT $835,000 3 3.1 4711 DETACHD
199 FURNACE ST (Upper) $2,590,000 3 3.1 5772 CONDO

PENDING SALES (Oct 11-17, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY #77 $139,000 2 2 1327 CONDO 1115
200 BURNHAM RD #204 $149,000 2 2 1313 CONDO 890
85 OSWEGO SMT #85 $159,000 2 2 1212 CONDO 290
212 RIDGEWAY RD $169,900 1 1 778 CONDO 483
18462 DON LEE WAY $179,900 4 2 1904 DETACHD 369
848 6th ST $262,000 2 1 1648 DETACHD 413
5713 SW KENNY ST $279,900 3 2 1384 DETACHD 42
427 9TH ST $299,900 4 2 2130 DETACHD 30
1073 HALLINAN ST $349,000 3 2.1 1828 DETACHD 124
2021 CEDAR CT $350,000 4 3.1 4114 DETACHD 205
32 CHURCHILL DOWNS $379,900 4 2.1 3016 DETACHD 247
3541 RED CEDAR WAY $404,900 3 3 1963 DETACHD 14
5916 SUNBROOK DR $459,900 3 2.1 2617 DETACHD 9
17930 MEADOWLARK LN $539,900 4 4 3300 DETACHD 282
5188 MADRONA ST $549,000 3 3 3183 DETACHD 36
17455 BLUE HERON RD $575,000 3 2 2572 DETACHD 519
15915 WALUGA DR $598,950 3 2.1 2939 DETACHD 261
444 6TH ST $899,000 4 4.1 4541 DETACHD 314
15444 Boones WAY $998,500 3 2.1 3364 ATTACHD 0

SOLD (Oct 11-17, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #59 $105,000 $76,500 3 1 1024 CONDO 203
200 BURNHAM RD #200 $229,000 $90,000 1 1 897 CONDO 1362
4000 CARMAN DR #A5 $117,500 $102,000 2 2 973 CONDO 202
2245 GLEN HAVEN RD $328,500 $270,000 3 1.1 1276 DETACHD 346
16149 PEARCY ST $329,000 $305,000 3 2 1250 DETACHD 35
13045 PRINCETON CT $429,000 $417,000 3 2.1 2900 DETACHD 5
3188 S GLENMORRIE DR $519,750 $495,000 3 3 3066 DETACHD 133
3114 DOUGLAS CIR $1,350,000 $1,145,000 4 4 5542 DETACHD 700

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