Tag: statistics

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Market Activity~Jan 14-20, 2013

Activity is good with 17 New on the market, 8 Pending and 10 Sold during the last 7-day period in Lake Oswego.

Here are further details on last week’s Market Activity:

NEWLY LISTED (Jan 14-20, 2013)

Address List Price # Beds # Baths Total SF Prop Type
26 CRESTFIELD CT $84,900 2 2 989 CONDO
1547 BOCA RATAN DR $188,950 2 1.1 1008 ATTACHD
885 MCVEY AVE $219,900 3 1 1292 DETACHD
14598 WILMOT WAY $369,000 4 2.1 1960 DETACHD
16901 LAKERIDGE DR $375,000 4 3 2080 DETACHD
13901 SUNDELEAF DR $379,900 4 3 1900 DETACHD
686 SUNNY HILL DR $499,900 4 2.1 2392 DETACHD
4673 Lakeview BLVD $500,000 3 2 2061 DETACHD
1021 YATES ST $500,000 3 2.1 1985 DETACHD
559 2ND ST #206 $570,000 2 2 1420 CONDO
19342 RIVERWOOD LN Lot 6W $579,900 4 2.1 2806 DETACHD
13059 AMBER PL $589,800 5 3 3240 DETACHD
18020 JENIFERS WAY $589,800 4 2.1 2966 DETACHD
1255 BAYBERRY RD $674,900 3 2 2140 DETACHD
96 GARIBALDI ST $769,900 3 3.1 4819 DETACHD
567 6TH ST $825,000 4 3.1 2568 DETACHD
18132 SIENA DR $1,089,000 4 3.1 3565 DETACHD

PENDING SALES (Jan 14-20, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD E201 $96,300 2 2 938 CONDO 13
4071 JEFFERSON PKWY 102 $169,900 3 2.1 1228 CONDO 3
1041 HEMLOCK ST $299,900 4 3 2623 DETACHD 170
980 C AVE $415,000 3 2 1312 DETACHD 110
621 COUNTRY CLUB RD $449,900 4 2.1 3303 DETACHD 185
1172 TROON RD $559,000 4 3.1 2504 DETACHD 220
18096 Pilkington RD $599,900 3 2.1 3182 DETACHD 272
568 9TH ST $799,900 3 3.1 2825 DETACHD 759

SOLD (Jan 14-20 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
36 AQUINAS ST $339,999 $305,000 3 2 1606 DETACHD 94
16747 BONAIRE AVE $349,900 $330,000 3 2 1610 DETACHD 86
1610 ASH ST $375,000 $365,400 3 2 2181 DETACHD 48
39 TANGLEWOOD DR $435,000 $417,000 4 3 3124 DETACHD 91
3838 RIVERS EDGE DR $525,000 $498,900 4 2.1 2806 DETACHD 57
444 10TH ST $549,000 $520,000 4 2 1876 DETACHD 88
2420 PALISADES CREST DR $699,500 $545,000 4 2.1 3471 DETACHD 188
5193 DENTON DR $635,000 $604,000 4 2.1 3076 DETACHD 114
543 2nd ST $699,000 $675,000 2 2 1816 CONDO 111
18137 MEADOWLARK LN $1,350,000 $1,150,000 4 4.1 5935 DETACHD 38

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 ~ Jan 20, 2013

There is a whole lot of Buying activity in real estate this weekend, and there are 22 Open Houses in Lake Oswego Sunday! Perhaps one is “the one” for you:

Address L/Price # Beds # Baths Total SF Style Time
14598 WILMOT WAY $369,000 4 2.1 1960 DETACHD 1-4PM
1288 ROCKINGHORSE LN $382,500 3 2 1742 DETACHD 2-4PM
979 DEVON LN $385,000 3 3.1 2162 DETACHD 1-4PM
13005 PRINCETON CT $413,000 3 2.1 2294 DETACHD 1-4PM
15495 TANAGER DR $429,000 4 2.1 2255 DETACHD 1-3PM
136 D AVE $439,000 2 2.1 1754 DETACHD 12-1:30PM
600 MAPLE ST $445,500 3 2.1 2416 DETACHD 1-3PM
1429 GREENTREE CIR $459,500 4 2.1 2599 DETACHD 2-4PM
13080 PRINCETON CT $463,900 5 3 3661 DETACHD 12-3PM
4890 SAGE HEN CIR $499,900 4 2.1 2832 DETACHD 1-3PM
17802 TREETOP LN $529,000 4 3.1 3655 DETACHD 1-3PM
15655 FIELDSTONE DR $589,500 4 2.1 2750 DETACHD 12-2PM
2302 OVERLOOK DR $589,900 4 2.1 3125 DETACHD 1-3PM
5533 FIELDSTONE CT $599,500 4 2.1 3115 DETACHD 12-2PM
12424 ORCHARD HILL RD $599,950 3 3 2889 DETACHD 1-4PM
1131 DEVON LN $599,990 3 3.1 3179 DETACHD 1-3PM
1921 GLENMORRIE LN $624,000 3 3 2375 DETACHD 1-3PM
1015 SOUTHSHORE BLVD $638,500 4 3 3882 DETACHD 2-4PM
831 NORTHSHORE RD $800,000 3 2.1 2200 DETACHD 1-4PM
329 10TH ST $949,980 4 2.1 3647 DETACHD 1-3PM
17469 KELOK RD $975,000 3 2.1 2675 DETACHD 1-3PM
112 NORTHSHORE CIR $1,650,000 3 3.1 3632 DETACHD 11AM-4PM
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News & Notes

A few tips from Linda:

* Be cautious when looking into a “Lease Option” opportunity if one presents itself. For the Seller, it most always means that the bank can, at any time, call for all monies owing from you on the property per your mortgage’s “Due On Sale” clause, as you are technically transferring a form of ownership in an Option. I.e., you could be called upon to pay in full. Contrary to popular belief, setting up a Trust does not get you around the Due On Sale clause either. Best to consult with your Realtor, and/or attorney before embarking on an adventure like this : )
* Remember that all repairs agreed to in a transaction in the State of Oregon must be performed by a licensed, bonded contractor.
* Make sure to give your Lender plenty of time to “close” your transaction when writing your offer. Talk to your Realtor, and make sure to consult with your Lender to see about how long they need. Lately it is typically around 45 days, but each situation is different. Should you not meet your “on or before” closing date as per your Offer contract, the Seller could possibly accept another offer and keep your earnest money… just sayin’ : ) Now, most people will compromise and agree to an addendum extending the closing date, but you cannot guarantee that the Seller will agree to that… If they have, let’s say, received a better verbal offer than yours during the time it has taken to get from agreement to “not meeting” the closing date, they may just decide to opt to take that larger offer. Just a note of caution.

Let’s take a look at the recently released data on real estate for 2012.
Below is some information for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) activity:

According to the RMLS Market Action Report for the Portland Metro Area December, 2012. At 1,760, closed sales were 9.2% higher than December 2011 sales of 1,612. pending sales (or “Accepted Offers”) were down, however, with 1443 in December of 2011, and 1384 in December 2012… putting the market down by 4.1%.

  • 2012 racked up 32,300 new listings, 24,010 accepted offers, and 23,438 closed sales.
  • Compared to 2011, new listings are down 5.2%, pending sales are up by 16.2% overall, and closed sales are up 19.1%.
  • The average sale price in 2012 was $275,000, which is 4.4% higher than 2011’s $263,300.
  • ***AND… Total time on the market has dropped by 21.5% from 143 to 112 days.
  • The overall economic improvement and increase in volume has positively affected the numbers for total dollar volume which rose to $6.45 billion in 2012 from 2011’s $5.2 billion.
  • For our Property Blotter readers, the combined area of Lake Oswego and West Linn reported the following totals for 2012:
    • 2085 New Listings (68 in Dec’12)
    • 1389 Pending Sales (81 in Dec’12)
    • 1364 Closed Sales (108 in Dec’12)
    • An Average Sale Price of $434,800. ($512,100 in Dec’12!!)
    • Prices rose 1.5% in 2012 over 2011’s totals
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Market Activity Jan 7-13, 2013

As much as I love the holidays, I also love getting back at it with the new year. Yep, my phone is ringing!

Lake Oswego there were 7 new listings, 15 pending sales, and 8 closed sales.

Here are further details on last week’s Market Activity:

NEWLY LISTED (Jan 7-13, 2013)

Address Type Price BR Bths SF
66 Oswego Summit Condo $74,900 1 1 764
668 McVey Ave #35 Condo $156,500 1 1 656
980 C Ave Detached $415,000 3 2 1312
607 Ash St Detached $550,000 3 2.5 2200
4033 Westbay Rd Detached $1,195,000 4 3.5 3691
13400 Fielding Detached $1,600,000 3 1.5 3189
448 Country Club Rd Detached $1,795,000 4 3.5 4873

PENDING SALES (Jan 7-13, 2013 2012)

Address Type Price BR Baths SF DOM
55 Oswego Summit Condo $64,000 1 1 721 246
620 Middlecrest Rd Detached $249,000 2 1 884 20
5099 Galen St Detached $249,000 4 2.5 2246 109
232 Greenridge Dr Attached $257,000 3 2 1492 125
16909 Tracy Ave Detached $279,950 4 2 1499 88
6438 Frost St Detached $319,900 3 2.5 2205 3
3545 Upper Dr Detached $334,000 3 2 1350 101
1572 Highland Dr Detached $334,500 3 2 1950 6
18275 Pilkington Rd Detached $349,423 3 2 2088 9
5675 Childs Rd Detached $369,900 2 2.5 1644 87
2390 Greentree Rd Detached $429,000 3 2.5 2380 6
1231 Bayberry Rd Detached $439,000 3 2 1980 17
17702 Overlook Circle Detached $465,900 5 2.5 3490 32
539 2nd St #108 Condo $469,000 2 2 1339 27
18175 Pilkington Rd Detached $574,900 4 3.5 3164 13

SOLD (Jan 7-13, 2013)

Address Type List Price Closed Price Sq Ft CDOM
34 Cervantes Cir 4-F Condo $119,500 $110,000 912 21
5225 Jean Rd #314 Attached $159,900 $155,000 1500 139
44 Greenridge Ct Attached $209,900 $194,000 1996 407
668 McVey #72 Condo $279,500 $250,000 1184 76
18892 Indian Springs Cir Detached $329,000 $278,250 1611 129
17970 Saint Clair Dr Detached $467,950 $460,000 2,549 157
1 Dover Way Detached $799,000 $775,000 3559 32
8 Dover Way Detached $975,000 $950,000 6244 89

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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Market Activity ~ July 4 – 10, 2011

Right out of the Fourth of July “gate” there are 18 New properties that have come on the market, 10 in Pending status, and 10 marked as Sold during last week’s 7-day span.
See below for further details (data derived from RMLS):

NEWLY LISTED (July 4-10, 2011)

Address List Price # Beds # Baths Total SF Prop Type
44 EAGLE CREST DR 2 $99,900 1 1 798 CONDO
16250 S PACIFIC HWY 58 $108,000 2 1 1305 CONDO
3802 BOTTICELLI ST $189,900 3 2 1224 ATTACHD
16443 LAKE FOREST BLVD $249,900 3 2 1474 DETACHD
15 CONDOLEA DR $275,000 3 3 2388 CONDO
6301 ALYSSA TER $279,900 3 2.1 1546 CONDO
660 HEMLOCK ST $309,000 3 1.1 1648 DETACHD
18150 BRYANT RD $349,950 3 2 1468 DETACHD
13125 VERMEER DR $359,000 4 2.1 2046 DETACHD
2360 GREENTREE RD $379,900 4 2.1 2211 DETACHD
2125 WEMBLEY PL $399,000 3 2.1 2193 DETACHD
18538 DEERBRUSH AVE $429,900 4 3 2593 DETACHD
2775 VALE CT $479,000 4 2.1 2994 DETACHD
6 DA VINCI ST $499,950 4 3 3261 DETACHD
661 6TH ST $795,000 4 2.1 2741 DETACHD
18231 SIENA DR $994,000 4 3.1 3655 DETACHD
17344 CEDAR RD $995,000 4 2.1 2831 DETACHD
3258 LAKEVIEW BLVD $1,795,000 3 4.1 4235 DETACHD

PENDING SALES (July 4-10, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
45 EAGLE CREST DR 520 $129,900 1 1 768 CONDO 108
12828 SW BOONES FERRY RD $164,500 2 2.1 1136 ATTACHD 103
785 3RD ST $248,000 2 1 1856 DETACHD 11
14 HILLSHIRE DR $350,000 3 2.1 2800 DETACHD 206
1435 NELSON CT $359,900 4 2.1 1989 DETACHD 15
1249 LARCH ST $421,900 4 4 3644 DETACHD 21
1021 YATES $469,900 3 2.1 1985 DETACHD
1210 WELLS ST $475,000 6 3.1 4494 DETACHD 132
2400 DELLWOOD DR $549,900 4 3 3180 DETACHD 875
220 5TH ST $898,000 4 3 3187 DETACHD 271

SOLD (July 4-10, 2011)

Address O/Price Close Price # Beds # Baths Prop Type Total SF CDOM
8 CONDOLEA DR $279,000 $220,000 2 2 CONDO 1312 121
5110 LAKEVIEW BLVD $239,500 $235,000 3 2 DETACHD 1340 455
6367 HIAWATHA CT $329,900 $317,000 3 2 DETACHD 2230 3
9 CHURCHILL DOWNS $339,900 $335,000 3 0.2 DETACHD 1914 13
4869 SAGE HEN WAY $609,900 $498,000 5 2.1 DETACHD 2863 150
4018 COHO LN $899,900 $750,000 4 4.1 DETACHD 4777 302
620 9TH ST $799,000 $765,000 3 3.1 DETACHD 2780 213
4679 DOGWOOD DR $799,900 $774,485 5 3.2 DETACHD 4351 409
13136 Knaus RD Lot 3 $794,900 $876,324 4 3.1 DETACHD 3504
17330 CEDAR RD $1,195,000 $1,104,491 4 3.1 DETACHD 2655 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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Market Activity June 20 – 26, 2011

There are 20 New properties that have come on the market, 12 in Pending status, and 12 Sold during last week’s 7-day span. 
See below for further details (data derived from RMLS):

NEWLY LISTED (June 20-26, 2011)

Address List Price # Beds # Baths Total SF Prop Type
100 KERR PKWY 43 $77,380.0 2 3 822 CONDO
26 CERVANTES CIR $139,900.0 2 1.1 912 CONDO
785 3RD ST $248,000.0 2 1 1856 DETACHD
6218 NOKOMIS CT $267,900.0 4 2 1512 DETACHD
16784 ROOSEVELT AVE $279,900.0 4 2 1787 DETACHD
1674 FIRCREST DR $309,000.0 4 2 1998 DETACHD
2803 ORCHARD HILL PL $329,900.0 3 2.1 1856 DETACHD
1685 CLOVERLEAF RD $389,000.0 3 2.1 1718 DETACHD
5108 GREENSBOROUGH CT $399,900.0 3 2.1 2396 DETACHD
2825 VALE CT $417,000.0 4 2 2304 DETACHD
16695 GLENWOOD CT $469,900.0 4 3 3060 DETACHD
13070 BOONES FERRY RD $499,900.0 3 1 1297 DETACHD
4098 BUCK BRUSH LN $539,900.0 5 4 4672 DETACHD
149 DEL PRADO ST $550,725.0 4 3.1 3266 DETACHD
1159 TYNDALL CT $639,000.0 3 3.1 4334 DETACHD
6 SHERWOOD CT $675,000.0 4 3 3133 DETACHD
14124 HEATHROW LN $725,000.0 4 3.1 3812 DETACHD
705 10TH ST $1,399,000.0 4 3.1 4818 DETACHD
17860 CRESTLINE DR $1,500,000.0 4 5.2 6810 DETACHD
13455 KNAUS RD $2,495,000.0 5 5.1 7634 DETACHD

PENDING SALES (June 20-26, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
6062 BURMA RD $231,480.00 3 2 1875 DETACHD 309
4235 HARVEY WAY $259,000.00 3 2 1384 DETACHD 588
3077 DIANE DR $299,000.00 4 1.1 2634 DETACHD 23
19200 MAREE CT $300,000.00 3 2 1563 DETACHD 113
14372 CAMDEN LN $399,900.00 3 2.1 2348 DETACHD 74
133 FURNACE ST $469,000.00 2 2.1 1927 CONDO 429
573 2ND ST 308 $635,000.00 2 2.1 1748 CONDO 504
657 9TH ST $689,000.00 3 2.1 2812 DETACHD 13
190 FURNACE ST $700,000.00 5 4.1 4022 DETACHD 414
520 C AVE $700,000.00 4 4 3242 ATTACHD 0
18020 SKYLAND CIR $895,000.00 4 3.1 3210 DETACHD 98
17700 UPPER CHERRY LN $2,375,000.00 5 5.1 6907 DETACHD 315

SOLD (June 20-26, 2011)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
44 EAGLE CREST DR 8 $87,000 $52,000 2 1 908 CONDO 140
200 BURNHAM RD 406 $124,900 $105,000 2 1 1216 CONDO 990
16250 PACIFIC HWY 71 $129,900 $106,000 2 2 1305 CONDO 50
20 CERVANTES CIR $136,500 $130,000 2 1.1 912 CONDO 34
16200 PACIFIC HWY 17 $275,000 $160,000 2 2 1200 CONDO 626
5215 MADRONA ST $250,000 $205,000 3 2 1325 DETACHD 105
14588 WILMOT WAY $369,900 $360,000 5 3 2238 DETACHD 1
17017 CANAL CIR $375,000 $375,000 4 2.1 2665 DETACHD 48
36 NORTHVIEW CT $449,000 $410,000 3 3.1 2573 ATTACHD 176
39 BECKET ST $429,000 $429,000 4 3.1 4746 DETACHD 6
18260 RIVER EDGE CT $789,000 $750,000 4 3.1 4711 DETACHD 160
842 6TH ST $919,500 $850,000 4 3.1 3840 DETACHD 180

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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~Make Your Momma Proud~ (or… How To Act in an Open House)

It’s summertime and we’re all kicking off our shoes enjoying the warmer temperatures & the feeling of less restriction overall.  Kids are lounging, we’re eating later & the sun is out… till 9:00!!  I love summertime…  something about the relaxed feeling of everyday life (while we’re not rushing around that is…) is just so pleasing. Reminds me of childhood I suppose, and the absence of school for a few months.

While we’re all a bit more laid-back, there are a few things to remember when you’re out on a Sunday (or Saturday) and touring Open Houses.  I thought it might be helpful to list some do’s & don’ts just for fun:

* You may be encountering a Realtor, or an Owner.  Either way, get out your best manners and make sure to ask if you may entere with shoes.

* If shoes are welcomed, please remember to wipe your feet, and if wearing stiletto heels, take them off anyway as a courtesy. Some wood floors will receive permanent indents from heels… pine, other soft woods, etc… and what a horrible feeling that would be to notice as you look backward!

* When meeting the Owner, remember that this is his or her beloved “home”, and keep any negative comments to yourself.  Leave that kind of delicate conversation to the Realtors.

* When meeting the Listing Agent, make sure to announce if you are already working with your own Realtor.  They will not mind at all, and in fact will appreciate your information greatly (Your Realtor will appreciate it too!).

* Remember not to divulge your innermost secrets to the Agent or Owner.  Your motivations for your own home sale & your subsequent purchase and other personal details are your own business, and sometimes information divulged in this preliminary stage while your Realtor is not there with you can come back to haunt you when you are in the negotiating phase.  You have every right to know all kinds of things pertinent to the home itself, and they have a right to know basically who you are, and that perhaps you might be interested in the home and plan to talk with your agent about another showing with him or her. Alternately, perhaps you think it’s a lovely home but it will just not suit your particular needs., and this is perfectly fine to communicate, and appreciated by Sellers and Agents alike.

* If you have voiced that the home will not work for you (don’t forget to to throw in a compliment or two anyway!) and are asked to share feedback on the home, feel free to do so.  Just remember to be polite.  Good feedback can come in handy for their selling process.

* If you are a neighbor and “just looking”, let this be known as well.  No one will mind at all, and you may want to mention that you are happy to pass information about this great home on to friends of yours whom you might enjoy having nearer to you.

* If you are looking for a home for yourself, bring a notepad and do ask pertinent questions about the home.  If you forget a notepad, utilize a flyer to make notes.  This comes in handy later when you are trying to remember characteristics of various homes.  When you see a lot of homes our brains have a difficult time distinguishing important details without this kind of reference.

* Ask before snapping photos or taking videos.

* Do not bring food or drinks into the home with you, and do not assume that beverages in the refrigerator are there for your consumption.

* Speaking of opening cabinets, closets and refrigerators, this is a really good idea so that you can see how much space there really is for storage. Some bedrooms look as though they have a lot of closet space until you open the doors and find that the closet is a foot deep and doesn’t span all the way from side to side.  The same is true for pantries etc.

* Opening drawers is fine as well, let’s say, in the kitchen… but when in peoples’ bedrooms and personal bathrooms, use your good judgment and do not open drawers and medicine cabinets at all.  Privacy is to be respected, and you do not want to be accused of taking anything such as jewelry or medicines either (this has been known to happen). Most Sellers will remove personal items, but some will not.  Just mind your P’s & Q’s and respect privacy in these areas.  If you decide you want to make an offer on this home, there will be plenty of time to inspect drawers in these areas further down the line.

* Refrain from using the restroom unless it is absolutely necessary.  If it is, remember that people will be following you with the idea of possibly purchasing this home after you exit.  Be kind to the Seller and leave everything tidy & fresh.

* If you are bringing children into the home, be extra vigilant and do not allow them to run through it or play on the couches or take food or drink from the refrigerator.  Treat the experience with the care you would appreciate if it were your home, and keep the environment welcoming for others who are also there & perhaps pondering purchase.

* No pets, please.

I hope these ideas were helpful & good food for thought.

Happy house-hunting!

Linda

PS- I am holding my listing at 979 Devon Lane Open this SATURDAY from 1 4 PM with LIVE MUSIC and hopfully clear skies for views of Mt Hood & Mt Adams!  Come say hi & listen to some great tunes with Michael Mandrell,  Mimy, and Jimmy Free.  I can’t wait!!

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Market Activity ~ June 6 – 12, 2011

There are 18 New properties that have come on the market, 13 in Pending status, and 9 Sold during last week’s 7-day span.  We continue to see a good representation of activity in all price ranges in all three of these categories.
See below for further details (data derived from RMLS):

NEWLY LISTED (June 6-12, 2011)

Address List Price # Beds # Baths Total SF Prop Type
330 CERVANTES CIR 13C $84,000 2 1 832 CONDO
4765 FIRWOOD RD $155,000 3 1 1348 DETACHD
165 Oswego Smt 165 $189,900 2 2 1383 CONDO
3808 BOTTICELLI ST $194,888 3 2 1203 ATTACHD
42 ORIOLE LN $259,900 3 2 1290 DETACHD
4912 LOWER DR $289,000 3 2 1539 DETACHD
5207 ROSEWOOD ST $289,900 3 2 1438 DETACHD
3311 FIR RIDGE RD $359,000 3 2.1 2112 DETACHD
1610 LEE ST $480,000 4 3 2616 DETACHD
1021 YATES ST $489,900 3 2.1 1985 DETACHD
10 MORNINGVIEW CIR $519,900 4 2.1 2850 DETACHD
1033 YATES ST $539,900 4 3.1 2889 DETACHD
427 9TH ST $699,900 5 3.1 3250 DETACHD
1985 COUNTRY CLUB RD $789,900 4 4 3634 DETACHD
4155 CANAL RD $850,000 4 2.1 3736 DETACHD
17090 CHAPIN WAY $875,000 3 3 3480 DETACHD
2650 GLEN EAGLES RD $925,000 3 4 2632 DETACHD
1051 SUNNINGDALE RD $1,100,000 4 3 4161 DETACHD

PENDING SALES (June 6-12, 2011)

Address List Price # Beds # Baths Total SF Prop Type CDOM
668 MCVEY AVE 74 $145,000 1 1 636 CONDO 139
16089 LAKE FOREST BLVD $209,900 3 1.1 1201 DETACHD 331
6367 HIAWATHA CT $329,900 3 2 2230 DETACHD 3
680 TIPPECANOE CT $335,900 4 2.1 1900 DETACHD 57
2089 GLENMORRIE DR $349,000 2 2 1551 DETACHD 351
1119 OAK ST $474,900 4 2.1 2123 DETACHD 283
14867 TWIN FIR CT $525,000 6 3.1 3641 DETACHD 94
13554 ROGERS RD $569,000 5 2.1 2922 DETACHD 87
17610 BROOKHURST DR $729,000 5 3.1 4160 DETACHD 37
4018 COHO LN $779,900 4 4.1 4777 DETACHD 302
583 2ND ST Upper $849,000 2 2.1 2304 CONDO 35
18122 MEADOWLARK LN $927,000 3 2.1 2898 DETACHD 83
18000 EASTRIDGE LN $1,200,000 4 5.1 5554 DETACHD 695

SOLD (June 6-12, 2011)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
5432 KENNY ST $230,000 $213,000 3 1 1352 DETACHD 34
5978 FERNBROOK CIR $309,000 $291,000 3 2.5 1612 DETACHD 41
1952 PARK FOREST AVE $359,900 $356,900 5 3 2856 DETACHD 157
1970 GREENTREE RD $399,900 $375,000 4 3 2428 DETACHD 72
12139 ORCHARD HILL WAY $389,000 $380,000 4 2.1 2632 DETACHD 25
17055 CRESTVIEW DRIVE $424,900 $417,000 4 3 2575 DETACHD 287
1643 VILLAGE PARK LN $799,900 $588,525 4 3.1 4505 DETACHD 440
18955 BRYANT RD $749,900 $695,000 4 2.1 3647 DETACHD 537
425 NORTHSHORE RD $1,175,000 $960,000 4 3 3270 DETACHD 450

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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Tips and Tidbits

Your Personal Information – When you are ready to sell and embarking on setting up your listing, you and your Realtor will discuss what (if any) things other than those materially significant to the property may be relayed to an approaching Buyer’s agent. You will likely discuss that you, as the Seller, have confidentiality with your agent unless you specifically direct them to release certain information not material to the property. So, if you are relocating and that is the reason for your move, you may want to ask your agent to go ahead and let agents know (or not). If you are getting married and combining households you may or may not want this shared. If you are really wanting to generate offers and want to let people know that, you -may- want your Realtor to put something like “Motivated Seller” in the remarks… but remember that if you do this, you are letting people know that you will likely accept less than the offer price. The gist is that your personal information is between you and your agent. Sometimes it can be helpful to ask them to share some things if it gives a clear signal that is one that you want to give such as:
* That you are either really motivated, or really relaxed about the sale (depending on your situation),
* That you are in one circumstance or another that may be generally favorable to any Buyer (& therefore that you want communicated),
* That you are putting the home on the market or BOM (back on the market) due to some circumstance not related to the condition of the property, etc.

Then again, you can choose to relay absolutely no personal information at all. Ask your Realtor what he/she thinks. You’re in the driver’s seat.

Inspections – Talk w/your Realtor about inspections and what is allowed during a transaction. The standard contract pretty much allows for the potential Buyer to inspect the property and systems on the property during their allotted time period (often 10 business days). There is also an inspection addendum that sometimes accompanies an offer detailing more specifically what inspections the Buyer may want to employ, and that has a teensy little addition to be aware of that, if filled in, could allow/tack on a few extra days beyond what is specified in the contract for a Buyer to review of all inspection documents & reports & finish negotiating. Just be aware of this and talk with your Realtor about any affect it might or might not have on your transaction time-line should it come up.

Pricing and Negotiating – These days, in my experience, most people offer less than the asked-for price unless it is a multiple offer situation or there are other extenuating circumstances, so don’t be offended by this if you are selling. It is just a sign of the times. How much you offer as a Buyer, or how you respond to an offer as a Seller are things to discuss in depth with your Realtor. The offer ought to be based on real market value, and of course that is a mixture of recent local market data and what an arms-length Buyer is willing to pay for any particular property. Many Buyers note changing market conditions and their anticipation of market decline when offering significantly less than you are asking as a Seller. Your Realtor will be able to counsel you as a Seller on whether or not these rationale are based on any reasonable conjecture or not with regard to your specific property, it’s location, parameters, and recent local market activity. In the end, you as the Seller hold the cards, as you get to decide to either sell or not to sell given what is presented to you and what the limits of negotiation yield.

Hope this info is helpful!
Very Best,
Linda

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Market Activity for May 30 to June 5, 2011

There were 20 new listings in Lake Oswego last week, 23 houses that became pending sales, and 8 closed sales.
See below for further details (data derived from RMLS):

NEWLY LISTED (May 30-June 5, 2011)

Address Type Price Sq FT BR Baths
86 Kinsgate Rd C204 Condo $95,000 938 2 2
4000 Carman Dr #23 Condo $107,000 866 2 2
15360 Twin Fir Rd Detached $289,000 980 3 1
3077 Diane Dr Detached $299,000 2634 4 1.5
4675 Oakridge Rd Lot3 Attached $364,900 1738 3 2.5
4677 Oakridge Rd Lot 4 Attached $369,900 1738 3 2.5
652 D Detached $385,000 1486 3 2
4671 Lakeview Blvd Detached $429,950 2061 3 2
16925 Depot St Detached $499,950 2631 4 2.5
1931 Park Forest Ct Detached $649,900 3866 6 4.5
1708 Oak St Detached $699,000 3450 4 3
18014 Gimley Ct Detached $749,900 4355 5 3.5
3103 Wembley Park Rd Detached $825,000 3597 4 3.5
1427 Horseshoe Curve Detached $1,089,000 2142 2 2
13600 Goodall Rd Detached $1,195,000 3111 5 2.5
1007 Lake Front Rd Detached $1,195,000 1799 3 2
1780 Ridgecrest Dr Detached 1,200,000 2694 4 2.5
1596 View Lake Ct Detached $1,249,000 4814 5 4.5
2936 Lakeview Blvd Detached $2,100,000 4179 5 3.5
1617 Lake Front Rd Detached $2,999,000 4610 4 4.5

PENDING SALES (May 30 to June 5, 2011)

Address Type Price Sq Ft BR Baths CDOM
16250 Pacific Hwy #81 Condo $79,000 841 1 1 167
86 Kingsgate Rd D204 Condo $89,900 924 2 2 26
85 Oswego Summit #85 Condo $129,000 1212 2 2 2
45 Eagle Crest Dr #520 Condo $129,000 768 1 1 72
17950 Kelok Rd Detached $199,900 2376 3 2 153
8 Condolea Dr Condo $239,900 1312 2 2 121
540 Milburn Ct Detached $250,000 1560 3 2 10
17944 Tualata Ave Detached $388,950 2325 5 3 275
4101 Virginia Way Detached $389,000 2752 5 3.5 299
344 4th St Attached $399,500 1731 2 2.5 0
4727 Cambridge Ct Attached $399,900 2914 2 2.5 10
1051 Timberline Dr Detached $399,950 2422 4 3 21
4737 Lakeview Blvd Detached $439,000 2546 4 2.5 15
4869 Sage Hen Way Detached $519,900 2863 5 2.5 150
5155 Woodcrest Ln 21E Detached $565,000 3056 4 2.5 0
5035 Woodcrest Ln Lot19 Detached $585,300 3161 4 2.5 0
1100 Upper Devon Ln Detached $599,000 3672 4 3.5 205
19345 Riverwood Ln 5west Detached $605,900 3367 4 3.5 0
5231 Denton Dr Detached $669,000 3031 4 2.5 4
13254 Deerfield Ct Detached $699,900 3118 4 2.5 26
2811 Arrowhead Ct Detached $879,000 3740 4 3.5 419
11 Hillshire Dr 1/2 Detached $899,000 5163 5 4.5 65
667 Lake Bay Ct Detached $899,900 3361 4 4 422

SOLD (May 30 to June 5, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
4425 Thunder Vista Ln $179,900 $147,000 Condo 1518 110
4263 Woodside Circle $244,900 $232,000 Attached 2026 64
19250 Maree Ct $319,000 $281,000 Detached 1519 81
510 5th St $399,000 $357,350 Attached 1524 53
1766 Fern Place $365,000 $360,000 Detached 1937 18
1930 Indian Trail $856,000 $644,000 Detached 3260 332
3931 Bass Lane $1,150,000 $645,000 Detached 3310 682
1956 Cheryl Ct $1,295,000 $1,300,000 Detached 5173 16

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