A Guide to Lake Oswego Real Estate and Community Dianne & Linda Brought to you by Dianne Gregoire and Linda Rossi (Trotta), brokers with Oregon First, a professional real estate company licensed with the Oregon Real Estate Agency.

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The Big Picture ~ Buying a Home

hurdleLet 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 : )

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Market Activity ~ July 14-20, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 18 New properties enter the market, 24 move to Pending status, and 28 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on Mkt (July 14-July 20, 2014)

Address List Price # Beds # Baths Total SF Prop Type
174 OSWEGO SMT $179,900 2 2 1506 CONDO
1 PEACOCK PL $309,000 3 2.1 1248 DETACHD
875 LAKE FOREST DR $385,000 2 1 979 DETACHD
4908 MULHOLLAND DR $439,000 3 2.1 2498 ATTACHD
37 Churchill Downs $460,000 3 2.1 2372 DETACHD
523 2ND ST #105 $465,000 2 2 1274 CONDO
15365 TWIN FIR RD $468,500 3 1 1235 DETACHD
6810 SW CHILDS RD $496,010 4 2.1 3282 DETACHD
937 COUNTRY CLUB RD $509,500 3 1 1990 DETACHD
5115 SW FIRWOOD RD $519,000 3 2.1 1657 DETACHD
16919 LAKERIDGE DR $525,000 6 3 2710 DETACHD
5440 BAY CREEK DR $545,000 3 2.1 2442 DETACHD
12402 SHELBY CT $599,000 4 3 3120 DETACHD
2 Walking Woods DR $615,000 5 3 4291 DETACHD
5043 ROSEWOOD ST $639,900 3 2.1 2963 DETACHD
975 SCHUKART LN $929,000 4 2.1 4449 DETACHD
17335 KELOK RD $1,100,000 4 3.1 2491 DETACHD
199 FURNACE ST $1,950,000 3 3.1 5772 CONDO

PENDING SALES (July 14-July 20, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
45 EAGLE CREST DR #216 $104,999 1 1 600 CONDO 125
370 CERVANTES CIR $119,500 2 1 832 CONDO 83
15938 QUARRY RD #B5 $140,000 2 1 996 CONDO 45
16250 PACIFIC HWY #61 $209,900 2 2 1305 CONDO 136
6360 MCEWAN RD $275,500 3 1.1 1450 DETACHD 41
5950 HARRINGTON AVE $288,000 3 1 960 DETACHD 43
1210 PINE ST $289,950 3 1.1 1720 DETACHD 95
6136 FERNBROOK CIR $293,455 3 1 1250 DETACHD 1
77 CONDOLEA WAY $320,000 3 3 2143 CONDO 47
1285 OAK TER $325,000 3 1.1 1150 DETACHD 11
1400 PARRISH ST $335,000 3 2.1 1880 CONDO 4
135 KINGSGATE RD $357,000 3 2.1 1720 DETACHD 17
164 KINGSGATE RD $359,000 3 2 1757 DETACHD 3
14074 SUNDELEAF DR $369,900 4 2.1 1760 DETACHD 77
15422 PARTRIDGE DR $415,000 4 2.1 1841 DETACHD 30
3065 ROYCE WAY $429,000 4 2.1 2726 DETACHD 223
5 FALSTAFF ST $495,000 4 2.1 2417 DETACHD 12
363 6TH ST $559,900 3 3.1 2258 ATTACHD 253
5807 RIDGETOP CT $599,000 5 2.1 2650 DETACHD 23
5415 BAY CREEK DR $600,000 3 2.1 3105 DETACHD 3
5027 ROSEWOOD ST $659,900 4 3.1 3156 DETACHD 83
146 DEL PRADO ST $699,900 3 3 3263 DETACHD 7
1224 TYNDALL CT $950,000 4 3.1 4157 DETACHD 38
3730 MARQUIS CT $1,899,000 4 5.1 6039 DETACHD 489

SOLD  (July 14-July 20, 2014)

Address Open Price Closed Price # Beds # Baths Total SF Prop Type CDOM
5225 JEAN RD #201 $174,900 $164,900 3 2 1500 CONDO 59
26 WHEATHERSTONE $249,900 $228,500 3 2.1 1692 ATTACHD 8
5487 TUALATA CT $250,000 $250,000 3 2 1191 DETACHD 0
111 TOUCHSTONE TER $249,900 $256,750 2 2 1341 ATTACHD 3
53 GREENRIDGE CT $260,000 $260,000 3 2 1646 ATTACHD 24
4261 COLLINS WAY $280,000 $325,000 3 2 1476 DETACHD 3
11 ABELARD ST $369,000 $360,000 3 2.1 1985 DETACHD 2
5365 LAKEVIEW BLVD $395,000 $395,000 4 2.1 1754 DETACHD 1
4956 GALEN ST $399,999 $395,000 4 2.1 2431 DETACHD 45
524 2ND ST $420,000 $417,000 2 2.1 1547 CONDO 0
5284 RED LEAF ST $455,000 $455,000 3 2.1 2142 DETACHD 6
17095 REBECCA LN $515,000 $469,000 4 3 2379 DETACHD 82
4 CHURCHILL DOWNS $509,500 $512,000 4 3.1 3188 DETACHD 1
4582 HASTINGS PL $599,900 $582,000 4 2.1 2640 DETACHD 5
2478 MARYLVIEW CT $619,000 $612,000 4 3 3526 DETACHD 2
6457 MCDUFF CT $675,000 $643,000 4 3.1 3120 DETACHD 266
13437 PROVINCIAL HILL WAY $675,000 $685,000 4 2.1 2864 DETACHD 8
1775 PALISADES TERRACE DR $625,000 $685,000 3 2.1 2112 DETACHD 7
16757 FORD PL $725,000 $702,000 4 3 3150 DETACHD 62
2560 BREE CT $738,000 $713,000 5 3.1 3788 DETACHD 23
13529 STREAMSIDE DR $799,000 $799,000 6 4.1 5415 DETACHD 2
5152 LAKEVIEW BLVD $795,000 $809,699 4 2.1 3414 DETACHD 166
15578 VILLAGE DR $889,000 $870,000 3 2.1 3630 DETACHD 19
18000 SARAH HILL LN $999,999 $979,000 4 2.1 3280 DETACHD 31
616 ATWATER RD $1,050,000 $990,000 4 4 5558 DETACHD 140
18325 CRESTLINE DR $1,240,000 $1,060,000 5 4 5418 DETACHD 74
263 NORTHSHORE RD $1,598,000 $1,545,000 5 3 3684 DETACHD 88
2926 LAKEVIEW BLVD $2,395,000 $2,000,000 4 4.1 4902 DETACHD 290

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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Lease Options

ArtAt least once every year I have someone who wants to look into doing a lease option. It is usually a buyer I am working with, but it can also be a seller.

There are quite a few reasons a person would want to do an lease option. Usually it is because financially their situation will be different a year from now. Perhaps they want to save money for a down payment or they expect to be receiving money that could become a down payment. They need to move now and would really like to just move once: rent today and buy tomorrow.

I am currently working on a property that I represented the seller on who accepted a lease option. It is a very unique situation. Aging parents noticed the house for sale across the street from their daughter and son-in-law. Parents were not certain how their health and their personal situation would look a year ago. They entered into a lease option with my seller to “test the waters” with the house. It has worked out very well for them and they are now buying the house.

For my client, the seller, he appreciated the sound financial standing the buyer was able to demonstrate. In addition, he negotiated a good sales price by being willing to work with the option. He was not living in the house, having already moved. So his circumstances fit the situation as well.

Here is how the option worked. The buyers put down a very large, non-refundable option fee. This fee was paid directly to the seller. So the seller got a nice sum right up front. That option fee is being applied to the price of the house now that the option is being exercised. The buyers moved in and began paying rent. 10% of the rent they have paid for the last year is also being applied to the purchase price now that the option is being exercised. So the seller got money up front and got steady rent for a year. The buyer has already paid a portion of the purchase price through the rent and the option fee. It is coming together pretty smoothly.

However, there is risk. A seller needs legal council before entering into a lease option. That council needs to review his loan documents to see if the “Due on Sale” Clause usually contained in a mortgage can be triggered by a lease option. If it can, and the lender finds out about the option, the lender can call the loan due in full. This could create a bit of a crisis for both the seller who now has to cash out a mortgage,Oswego-Lake and for the buyer who may or may not want to buy the house.

I also think that most of the folks I council about lease options really are not in a position to do one. This is because if the reason for the option is lack of funds today, then they don’t have the means to pay an option fee up front.

My last comment is that a buyer wanting a lease option is probably better off simply finding a rental until they are ready to buy. There are very few sellers willing to do lease options. So finding a home you love, that is also available with a lease option, really narrows your house selection.

Real estate has so many things going on and, yes, lease options are one of them. It may even be something that would fit your current circumstances. Do not hesitate to give me a call if you have any questions.
Dianne, 503-803-6298

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Market Activity July 7-13, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 23 New properties enter the market, 22 move to Pending status, and 15 “Closed”/Sold.

Following is the breakdown according to RMLS:

New on Market (July 7-13, 2014)

Address Type Price BR Bths SF
45 Eagle Crest DR #516 Condo $155,000 1 1 600
16250 Pacific Hwy #55 Condo $269,000 2 2 1305
1400 Parrish St Condo $335,000 3 2.5 1880
16250 Pacific Hwy #76 Condo $345,000 3 2 1761
205 Hidalgo St Detached $499,900 3 3.5 3032
1611 Highland Dr Detached $549,000 4 2.5 2675
1161 Upper Devon Ln Detached $549,000 3 2.5 2265
577 2nd ST #306 Condo $570,000 2 2 1459
4252 Albert Circle Detached $599,000 4 2.5 2842
8 Hidalgo St Detached $599,900 4 3.5 3123
5415 Bay Creek Dr Detached $600,000 3 2.5 3105
18910 Terry Ave Detached $638,800 4 4.5 4290
555 Country Club Rd Detached $639,900 3 2.5 2133
14150 Amberwood Circle Detached $665,000 3 2.5 2500
1116 C Ave Detached $679,000 4 2.5 3611
15001 Twin Fir Rd Detached $679,900 4 3 2664
146 Del Prado St Detached $699,900 3 3 3263
71 Nansen Summit Detached $749,900 4 2.5 3523
2479 Marylhurst Pl Detached $839,000 4 2.5 4281
1525 Maple St Detached $899,000 3 3.5 2815
18224 Bella Terra Dr Detached $1,225,000 4 3.5 4050
13777 Cameo Ct Detached $1,700,000 4 5.5 7300

Pending Sales (July 7-13, 2014)

Address Type Price BR Baths SF DOM
44 Eagle Crest DR #15 Condo $100,000 1 1 798 94
4 Touchstone #62 Condo $158,500 3 2.5 1351 6
45 Eagle Crest DR #100 Condo $215,000 3 2 1537 21
1368 Boca Ratan Dr Attached $257,500 2 2 1611 55
13 Saint Helens Circle Detached $310,880 3 2.5 2022 143
19200 Indian Creek Ave Detached $338,000 3 2 1443 14
3009 Wembley Park Rd Detached $375,000 3 1.5 1763 3
15465 Tanager Dr Detached $379,000 2 2 1535 6
43 Aquinas St Detached $449,000 3 2.5 2138 31
529 2nd ST Condo $450,000 2 2 1339 25
1950 Green Acres Ln Detached $479,000 4 2.5 2659 485
18343 Anduin Terrace Detached $550,000 4 2.5 3000 375
828 5th St Detached $550,000 2 2 1884 10
4581 Trillium Woods Attached $567,890 3 2.5 2211 2
15254 Candlewood Ct Detached $599,000 5 3 2968 126
17033 Chapin Way Detached $639,000 5 2.5 3163 113
13268 Deerfield Ct Detached $649,900 4 2.5 2895 2
17303 Grandview Ct Detached $675,000 4 3.5 3580 49
827 5th St Detached $689,000 3 2 2124 50
654 Ridgeway Rd Detached $825,000 4 2 1795 27
2105 Ridge Pointe Dr Detached $850,000 5 3.5 5513 110
2120 Glenmorrie Dr Detached $1,200,000 4 3.5 4293 124

Sold (July 7-13, 2014)

Address Type List Price Closed Price Sq Ft CDOM
86 Kingsgate Rd B103 Condo $136,500 $129,000 924 55
3956 Carman Dr Attached $199,950 $207,000 1107 10
4296 Sunset Dr Detached $359,000 $369,000 1680 2
1044 Obrien St Detached $387,500 $378,980 1,902 9
2660 Lookout Ct Detached $469,000 $445,000 2565 90
5189 Coventry Ct Detached $514,900 $450,000 1936 104
1858 Southshore Blvd Detached $484,000 $455,000 2068 45
4639 Black Forest Ct Detached $499,000 $499,000 2197 21
1012 Andrews Rd Detached $574,900 $510,000 2143 109
15644 Fieldstone Dr Detached $575,000 $575,000 2588 56
18283 Lothlorien Way Detached $639,500 $610,000 3015 16
4311 Upper Dr Detached $995,000 $940,000 5,051 87
17342 Ridgeview Ct Detached $1,250,000 $1,236,878 4240 294
688 Iron Mountain Blvd Detached $1,299,000 $1,260,000 4143 4
3214 Lakeview Blvd Detached $7,500,000 $3,475,000 5800 1119

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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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 show robust activity in Portland and the Lake Oswego/West Linn areas for June.

According to the RMLS Market Action Report for the Portland Metro Area  June, 2014:

  • At 2,617, June Closed Sales rose 4.2% over last June’s  2,511, and was the strongest June for closed sales in the region since 2007!
  • There were 4,078 New Listings in June... 8.7% higherer than June 2013, but down 2.7% from May when there were 4,192.
  • The Average Sale Price in June was $334,800, down just $500. from May’s $335,300.
  • June Pending Sales (accepted offers) were down slightly at 0.8% from May to 2,965, and/but rose 5.7% from June 2013.

The combined areas of Lake Oswego and West Linn  for June reported:

    • 539 Active Listings
    • 252 New Listings
    • 162 Pending Sales
    • 156 Closed Sales
    • An average Sale Price of $527,300.
    • Average Time on the Market: 74 Days
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Market Activity ~ June 30-July 6, 2014

Here is your Latest Market Data: Last week in Lake Oswego we saw 18 New properties enter the market, 27 move to Pending status, and 18 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on Mkt (June 30-July 6, 2014)

Address List Price # Beds # Baths Total SF Prop Type
87 OSWEGO SMT $119,000 2 1.1 1116 CONDO
4 TOUCHSTONE #62 $158,500 3 2.1 1351 CONDO
18325 SW 65TH AVE $315,000 3 1.1 1071 DETACHD
1285 OAK TER $325,000 3 1.1 1150 DETACHD
23 FALSTAFF ST $349,500 3 2 1434 DETACHD
1380 BONNIEBRAE DR $415,000 5 3 2940 DETACHD
13371 PETERS RD $447,000 3 2.1 2340 DETACHD
3225 TEMPEST DR $448,000 3 2.1 2231 DETACHD
5 FALSTAFF ST $495,000 4 2.1 2417 DETACHD
828 5TH ST $550,000 2 2 1884 DETACHD
3 WALKING WOODS DR $635,000 5 3 3853 DETACHD
1805 GLENMORRIE TER $718,000 3 2.1 2640 DETACHD
18020 SKYLAND CIR $823,500 4 3.1 3210 DETACHD
496 8TH ST $869,000 4 2 2521 DETACHD
796 1ST ST $937,000 3 2.1 4108 DETACHD
1917 PALISADES LAKE CT $1,149,000 5 2.1 3852 DETACHD
1972 CHERYL CT $2,200,000 3 4.1 6952 DETACHD
2896 LAKEVIEW BLVD $2,225,000 5 4.1 5364 DETACHD

PENDING SALES (June 30-July 6, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY $115,000 2 1.1 822 CONDO 7
3902 CARMAN DR $204,900 3 2.1 1334 ATTACHD 3
4405 THUNDER VISTA LN $225,000 2 2.1 2002 CONDO 49
26 WHEATHERSTONE $249,900 3 2.1 1692 ATTACHD 8
7140 SW CHILDS RD $285,000 3 1 2032 DETACHD 7
60 GREENRIDGE CT $312,000 4 2.1 2296 ATTACHD 17
46 GREENRIDGE CT $338,000 3 2.1 2136 ATTACHD 2
2604 GLEN HAVEN RD $339,500 4 2 1704 DETACHD 12
5073 W SUNSET DR $364,900 2 2.1 1720 ATTACHD 5
2130 WEMBLEY PARK RD $399,900 3 1.1 1544 DETACHD 1
17088 REBECCA LN $459,000 4 3 2554 DETACHD 301
10 HOTSPUR ST $492,000 4 2.1 2313 DETACHD 4
14318 MEADOW GRASS ST $495,000 3 2.1 2326 DETACHD 26
73 TANGLEWOOD DR $509,900 4 3.1 4278 DETACHD 13
876 SUNNY HILL DR $519,000 4 2.1 2164 DETACHD 21
3815 SOUTHSHORE BLVD $574,900 4 2 2638 DETACHD 0
4736 LAKEVIEW BLVD $589,000 5 3.1 2838 DETACHD 18
14246 KIMBERLY CIR $669,000 4 2.1 3520 DETACHD 25
14564 KRUSE OAKS BLVD $689,900 5 2.1 3001 DETACHD 10
4393 SUNDEW CT $699,900 4 2.1 4881 DETACHD 72
4076 ORCHARD DR $739,000 4 3.1 3991 DETACHD 45
5676 SUNCREEK DR $799,000 4 3.1 3312 DETACHD 2
16161 PARELIUS CIR $899,900 4 2.1 4018 DETACHD 40
730 KENOLA CT $937,500 4 3.1 4319 DETACHD 8
16809 QUAIL CT $949,900 5 3.1 4425 DETACHD 40
4333 HAVEN ST $999,900 5 4 3652 DETACHD 56
4101 SOUTHSHORE BLVD $2,850,000 3 3.1 3707 DETACHD 2

SOLD  (June 30-July 6, 2014)

Address Open Price Closed Price # Beds # Baths Total SF Prop Type CDOM
3988 CARMAN DR $174,900 $175,000 2 2.1 1098 CONDO 9
4047 JEFFERSON PKWY $172,500 $176,750 3 2.1 1228 CONDO 3
2803 ORCHARD HILL PL/GRND $369,900 $369,900 3 2.1 1749 DETACHD 5
4411 LAKEVIEW BLVD $395,000 $379,500 3 2 1828 DETACHD 6
790 LAUREL ST $379,850 $385,000 3 2 2040 DETACHD 5
3300 SOUTHSHORE BLVD $479,000 $400,000 2 2.2 1162 DETACHD 297
4729 LAKEVIEW BLVD $450,000 $418,749 3 2.1 2490 DETACHD 105
13911 SHIREVA DR $414,900 $428,000 4 2 1835 DETACHD 2
5498 YORKSHIRE PL $462,000 $460,000 3 2 1911 DETACHD 68
13378 PETERS RD $535,000 $465,000 3 2.2 2355 DETACHD 279
12 MOZARTEUM CT $495,000 $483,000 4 2.1 2915 DETACHD 10
3601 RED CEDAR WAY $507,000 $499,000 4 2 2226 DETACHD 86
17350 CANYON DR $634,900 $609,000 6 3.1 3488 DETACHD 107
3015 ROYCE WAY $689,900 $625,000 5 3.1 4081 DETACHD 41
14250 AMBERWOOD CIR $650,000 $642,000 4 2.1 2577 DETACHD 21
18717 PILKINGTON RD $674,900 $673,000 4 2.1 2684 DETACHD 48
5767 SUNCREEK DR $679,000 $675,000 4 3 3363 DETACHD 15
3109 DOUGLAS CIR $1,475,000 $1,443,000 5 4.2 4880 DETACHD 7

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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Happy 4th of July!

Wishing you and your family a happy and safe 4th of July!

4th of July on the Lake

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Market Activity June 23-30, 2014

We had a bit of a surge in new listings last week with 35 properties entering the market. 22 moved to pending status. 27 homes became closed/sold properties.

Following is the breakdown according to RMLS:

New on the Market (June 23-30, 2014)

Address Type Price BR Bths SF
100 Kerr Pkwy Condo $115,000 2 1.5 822
3902 Carman Dr Attached $204,900 3 2.5 1334
750 1st ST D25 Condo $224,900 2 2 1350
482 S State ST 3B Condo $225,000 2 1 1659
26 Wheatherstone Attached $249,900 3 2.5 1692
7140 Childs Rd Detached $285,000 3 1 2032
18325 SW 65th Ave Detached $315,000 3 2 1071
19200 Indian Creek Ave Detached $338,000 3 2 1443
135 Kingsgate Rd Detached $357,000 3 2.5 1647
5073 W Sunset Dr Attached $364,900 2 2.5 1720
2130 Wembley Park Rd Detached $399,900 3 1.5 1544
1380 Bonniebrae Dr Detached $415,000 5 3 2940
15 Touchstone Detached $425,000 4 2.5 2276
2944 Dellwood Dr Detached $425,000 3 3 2152
386 Livingood Ln Detached $439,000 3 3 2480
836 Oak St Detached $439,500 3 2.5 2856
5665 Washington Ct Detached $447,500 3 2 1928
3225 Tempest Dr Detached $448,000 3 2.5 2231
1677 Laurel St Detached $469,900 4 3.5 2445
1191 Oxford Dr Detached $475,000 5 3 2900
76 Touchstone Detached $479,000 5 2.5 2856
5099 Galen St Detached $479,000 4 2.5 2246
12 Scarborough Dr Detached $549,000 4 2.5 2943
828 5th St Detached $550,000 2 2 1884
3815 Southshore Blvd Detached $574,900 4 2 2638
5807 Ridgetop Ct Detached $649,900 5 2.5 2610
1403 Greentree Ave Detached $669,000 5 3.5 4047
2341 Stonehurst Ct Detached $675,000 4 2.5 3406
504 10th St Detached $750,000 3 2 2300
1936 Palisades Lake Ct Detached $750,000 4 2.5+.5 3939
1051 Country Commons Detached $889,000 4 2.5 3582
814 Lake Shore Rd Detached $899,000 4 2.5 1972
257 Iron Mountain Blvd Detached $899,000 4 2.5+.5 3746
730 Kenola Ct Detached $937,500 4 3.5 4319
2015 Street of Dream Detached $1,998,000 5 4.5 5185

Pending Sales (June 23-30, 2014)

Address Type Price BR Baths SF DOM
3834 Botticelli St Condo $190,000 2 2 1055 109
5487 Tualata Ct Detached $260,000 3 2 1191 0
6360 McEwan Rd Detached $275,500 3 1.5 1450 19
304 6th St Detached $399,900 1 1 941 134
17200 Warren Ct Detached $404,000 4 2.5 2241 132
10 Mozarteum Ct Detached $445,000 3 3 2755 6
628 1st St Attached $450,000 2 2.5 1776 8
16943 Greentree Ave Detached $479,000 4 3.5 2433 29
10 Hotspur St Detached $492,000 4 2.5 2313 4
2103 Ridgewood Rd Detached $499,000 4 2 1650 88
10 El Greco St Detached $529,000 4 3 2862 3
2251 Hillside Dr Detached $598,000 4 3 3467 34
17879 Sundown Ct Detached $635,000 4 2.5 4172 3
14167 Edenberry Dr Detached $659,000 4 2.5 2851 9
14564 Kruse Oaks Blvd Detached $689,900 5 2.5 3001 10
1876 Palisades Lake Ct Detached $697,900 3 2.5 3178 61
16672 Ford Pl Detached $709,900 4 3 3100 81
5676 Suncreek Dr Detached $799,000 4 3.5 3312 2
841 Northshore Rd Detached $889,850 3 3 2388 12
4515 West Rd Detached $1,350,000 4 3.5 5262 4
13648 Goodall Rd Lot 1 Detached $1,497,000 4 4.5+.5 5206 513
4101 Southshore Blvd Detached $2,850,000 3 3.5 3707 2

Closed/Sold (June 23-30, 2014)

Address Type List Price Closed Price Sq Ft CDOM
4 Touchstone #106 Condo $119,900 $119,900 984 2
206 Ridgeway Rd Condo $149,000 $149,000 778 1
4047 Jefferson Pkwy Condo $172,500 $176,750 1228 3
198 Cervantes Attached $229,000 $229,000 1,266 26
23 Bloch Terr Attached $269,000 $260,000 1394 45
4429 Thunder Vista Ln Condo $269,900 $266,000 1793 0
12731 19th Ave Detached $359,900 $327,500 2020 75
136 Kingsgate Rd Detached $345,000 $340,000 1570 11
2762 Vale Ct Detached $419,500 $412,000 1972 4
9 Masaryk St Detached $399,900 $378,500 2692 81
790 Laurel St Detached $379,850 $385,000 2040 5
13134 Vermeer Dr Detached $412,000 $412,000 1,972 4
15443 Meadowlark Ct Detached $469,000 $459,000 1872 1
1731 Highland Dr Detached $473,900 $469,000 2636 21
18 Morningview Circle Detached $540,000 $520,000 2931 64
99 Garibaldi ST Detached $525,000 $526,000 2626 12
4900 Upper Dr Detached $549,000 $555,000 2468 6
4713 Amherst Ct Attached $589,000 $570,000 2,980 8
340 8th St Detached $589,000 $580,000 2038 14
1132 Troon Rd Detached $585,000 $591,000 1585 23
3015 Royce Way Detached $689,900 $625,000 4081 41
220 Greenwood Rd Detached $670,000 $670,000 2742 20
13300 Fox Run Detached $699,900 $684,500 4484 60
3211 Westview Ct Detached $722,500 $696,000 3325 287
17356 Bryant Rd Detached $724,900 $715,000 3140 36
14385 Pfeifer Dr Detached $749,000 $750,000 3891 5
163 Iron Mountain Blvd Detached $1,429,000 $1,385,000 4314 103

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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The Haps in Lake Oswego

4thSummer is in full swing and Lake Oswego offers a variety of ongoing family and community events for your pleasure.

The following is a sampling of activities coming right up in Lake Oswego:

 

Iron Works Historic Tour - Saturday, June 28 - 8:30-10:30AM - George Rogers Park - Click HERE for more info.

Kindercamp! - “1/2 Days”  M-F thru Aug 15th  – 4101 Kruse Way – Click HERE for more details.

Understanding US Military Patches - Tues, June 24, 7:00 – 8:30PM - Lake Oswego Library -Click HERE for more details.

Supervised Computer Lab - Every Wed - 1:00-2:30PM – Adult Community Center - All are Welcome. Click HERE for more.

Star Spangled Parade and Celebration!!! -  Fri, July 4th – (staging at 9AM) 10:00AM-2:00PM - Millenium Plaza Park - Click HERE for more info.

* Lake Corp Fireworks!!!  (+Road Closure Info) - Fri, July 4th - 9 – 11AM   –  Click HERE for more info.

 

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Market Activity ~ June 16-22, 2014

Wow. I can’t believe June is almost over! Summertime is in full swing and it shows in our real estate market activity.

Here is your Latest Market Data: Last week in Lake Oswego we saw 27 New properties enter the market, 25 move to Pending status, and 18 “Closed”/Sold.

Following is the breakdown according to RMLS:

NEW on Mkt (June 16-22, 2014)

Address List Price # Beds # Baths Total SF Prop Type
98 OSWEGO SMT $146,000 2 2 1140 CONDO
45 EAGLE CREST DR #100 $215,000 3 2 1537 CONDO
200 BURNHAM RD #402 $285,000 2 2 1305 CONDO
60 GREENRIDGE CT $312,000 4 2.1 2296 ATTACHD
2604 GLEN HAVEN RD $375,000 4 2 1704 DETACHD
16266 LAKE FOREST BLVD $389,900 3 2 1860 DETACHD
15422 PARTRIDGE DR $420,000 4 2.1 1841 DETACHD
5907 SW FERNBROOK CIR $429,700 4 2 1892 DETACHD
10 MOZARTEUM CT $445,000 3 3 2755 DETACHD
529 2nd ST $450,000 2 2 1339 CONDO
628 1ST ST $450,000 2 2.1 1776 ATTACHD
17211 ROBB PL $479,900 3 2 2085 DETACHD
714 2ND ST $499,900 2 2 1480 DETACHD
644 ELLIS AVE $499,900 3 2 2240 DETACHD
73 TANGLEWOOD DR $509,900 4 3.1 4278 DETACHD
629 5TH ST $529,000 2 1 1122 DETACHD
2584 PARK RD $586,999 4 2 2302 DETACHD
1008 OAK ST $589,900 3 3.1 2602 DETACHD
14564 KRUSE OAKS BLVD $689,900 5 2.1 3001 DETACHD
13148 SANDALWOOD CT $710,000 4 2.1 3190 DETACHD
4079 ORCHARD DR $759,000 5 3 4326 DETACHD
654 RIDGEWAY RD $825,000 4 2 1795 DETACHD
14034 TAYLORS CREST LN $895,000 5 3.2 4080 DETACHD
3950 EDENS EDGE DR $1,198,000 4 3.1 4427 DETACHD
4515 WEST RD $1,350,000 4 3.1 5262 DETACHD
3190 DOUGLAS CIR $1,559,000 4 3.2 4840 DETACHD
17301 Canal CIR $1,999,999 5 4.1 3843 DETACHD

PENDING SALES (June 16-22, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
5225 JEAN RD #201 $164,900 3 2 1500 CONDO 59
3956 CARMAN DR $199,900 2 2.1 1107 ATTACHD 10
3101 MCNARY PKWY $220,000 3 2.1 1894 ATTACHD 604
111 TOUCHSTONE TER $249,900 2 2 1341 ATTACHD 3
4261 COLLINS WAY $280,000 3 2 1476 DETACHD 3
77 GREENRIDGE CT $300,000 3 2.1 2102 ATTACHD 0
11 ABELARD ST $369,000 3 2.1 1985 DETACHD 2
880 BOCA RATAN DR $389,900 5 3 2364 DETACHD 9
4470 CHAPMAN WAY $389,900 3 3 2125 DETACHD 41
1710 MEADOWS DR $399,900 3 2 1677 DETACHD 66
550 2ND ST $419,995 2 1.2 1558 CONDO 16
14584 WILMOT WAY $439,000 4 2.1 1939 DETACHD 57
221 HIDALGO ST $448,000 3 2.1 2680 DETACHD 1
5284 RED LEAF ST $455,000 3 2.1 2142 DETACHD 6
13053 SIERRA CT $459,900 4 2.1 2215 DETACHD 107
1012 ANDREWS RD $519,900 3 2 2143 DETACHD 109
18212 INDIAN CREEK DR $549,900 4 2.1 2251 DETACHD 6
14412 MEADOW GRASS ST $584,000 4 2.1 3259 DETACHD 260
11 JUAREZ ST $595,000 4 2.1 2551 DETACHD 23
3033 WESTVIEW CIR $600,000 5 4.1 5013 DETACHD 254
6457 MCDUFF CT $675,000 4 3.1 3120 DETACHD 266
616 ATWATER RD $999,500 4 4 5558 DETACHD 140
14480 KRUSE OAKS BLVD $999,800 4 3.1 4661 DETACHD 12
17521 RIDGEVIEW LN $1,329,900 4 3.1 4813 DETACHD 80
17471 CARDINAL DR $1,369,000 5 3.1 3181 DETACHD 10

SOLD  (June 16-22, 2014)

Address Open Price Close Price # Beds # Baths Total SF Prop Type CDOM
109 OSWEGO SMT #109 $149,900 $130,000 2 2 1212 CONDO 34
4 TOUCHSTONE #104 $128,000 $131,500 3 2.1 1351 CONDO 50
46 CERVANTES CIR $150,000 $150,000 2 1.1 912 CONDO 6
1878 MAPLELEAF RD $330,000 $300,000 3 1.1 1347 DETACHD 22
915 BULLOCK ST $475,000 $425,000 4 3 2986 DETACHD 249
5796 BAY POINT DR $475,000 $485,000 4 2.1 2328 DETACHD 0
4867 SAGE HEN WAY $532,500 $529,600 4 2.1 2523 DETACHD 10
5657 GRAND OAKS DR $579,900 $574,900 3 2.1 2783 DETACHD 22
117 FURNACE ST $659,000 $645,000 2 2.1 1885 CONDO 45
3 CREEKSIDE TER $750,000 $680,127 4 3.1 4355 DETACHD 108
2757 SW RIVENDELL RD $734,900 $701,000 4 3.1 3960 DETACHD 1
13515 STREAMSIDE DR $849,900 $735,000 5 4.1 4357 DETACHD 264
13774 Melrose PL $788,950 $768,000 4 4.1 4940 DETACHD 1
17224 CEDAR RD $850,000 $790,000 3 2 3098 DETACHD 179
14435 UPLANDS DR $848,950 $835,000 4 3.1 4402 DETACHD 55
13531 FIELDING RD $849,000 $845,000 4 3.1 4566 DETACHD 1
752 8TH ST $1,250,000 $1,130,000 4 3.1 4550 DETACHD 53
17226 CHAPIN WAY $1,395,000 $1,559,795 4 3.1 4917 DETACHD 353

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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