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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Welcome Whitney!

Whitney Gregoire

Whitney Gregoire

I am just super excited to announce the addition of my daughter, Whitney Gregoire, to our team here at the blotter. My Mom was a Realtor here in Lake Oswego for nearly 30 years. I got my license in 1987, and now Whitney has gotten her license as well. I guess it’s in our blood.

Whitney in 1988 in front of my Mom's sign

Whitney in 1988 in front of my Mom’s sign

Whitney is a graduate of Lakeridge High School here in Lake Oswego and graduated from Columbia College Chicago in 2008 with a degree in computer annimation. She is extremely creative and engaging. I think you’ll enjoy the energy she brings to her endeavors. I am excited to have her computer and technical skills be part of our team. I think she will give you a fresh perspective on the topic of real estate.

Welcome Whitney!

Dianne

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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

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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 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
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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

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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

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The Haps in Lake Oswego

sunDianne 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.

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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

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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.

ladderGet 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.

radonIf 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.

crawlspace Be Reasonable
A successful sale needs both the buyer and the seller treating one another fairly and reasonably. Everything is negotiable and that is why Realtors are there to represent you. A Realtor will know if the items on the repair list are necessary for financing, are within the scope of normal requests, and if the sales price reflects the condition of the property.

So 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

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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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