A Guide to Lake Oswego Real Estate and Community
Dianne,  Linda & Whitney

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

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Market Activity ~ March 16-22, 2015

The Lake Oswego market is humming right along.  Here is your Latest Market Activity Report:

Last week in Lake Oswego we saw 20 New properties enter the market, 24 move to Pending status, and 18 “Closed”/Sold.

Following is the breakdown for you according to RMLS:

NEW on Mkt (Mar 16-Mar 22, 2015)

Address List Price # Beds # Baths Total SF Prop Type
2189 FERNWOOD CIR $650,000 4 2.1 2921 DETACHD
15938 QUARRY RD #A5 $164,900 2 1 996 CONDO
5157 WOODCREST LN $649,900 4 2.1 3144 DETACHD
17280 WESTVIEW DR $429,000 4 3 2324 DETACHD
11 CHURCHILL DOWNS $430,500 4 2.1 2336 DETACHD
18481 WAXWING CIR $465,000 3 2.1 1840 DETACHD
279 EVERGREEN RD $639,000 3 3.1 2136 ATTACHD
18977 BARTON RD $875,000 4 3.2 5076 DETACHD
0 STAFFORD RD Lot 2 $899,000 4 3.1 2834 DETACHD
134 KINGSGATE RD $399,000 3 2.1 1794 DETACHD
6109 SUMMER WOODS $485,000 4 2.1 2331 DETACHD
25 PARTRIDGE LN $485,000 3 2.1 3148 DETACHD
14383 HOLLY SPRINGS RD $450,000 5 3 2238 DETACHD
54 GALEN ST Upper $135,900 2 2 995 CONDO
14084 GOODALL RD $1,424,900 5 5.1 5399 DETACHD
4201 HAVEN ST $649,900 4 3 2678 DETACHD
667 3RD ST $679,000 6 6 3120 ATTACHD
2609 GLEN HAVEN RD $1,100,000 4 4 3793 DETACHD
2481 MARYLSHIRE LN $795,000 5 3.1 4154 DETACHD
17701 BLUE HERON WAY $499,900 3 2.1 2002 DETACHD

PENDING SALES (Mar 16-Mar 22, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
13721 REGENCY CT $492,500 3 2.1 2311 DETACHD 102
13554 PETERS RD $899,850 3 2.5 3036 DETACHD 36
66 GALEN ST Upper $99,900 1 1 689 CONDO 111
550 2ND ST $395,000 2 1.2 1540 CONDO 286
16735 LAKE FOREST BLVD $315,000 3 2 1192 DETACHD 144
1990 GREENTREE RD $459,900 4 3 2100 DETACHD 11
13819 PROVINCIAL HILL DR $549,900 4 2.1 2096 DETACHD 24
703 5TH ST $979,000 4 2.1 2719 DETACHD 4
200 BURNHAM RD #306 $195,000 2 1 1199 CONDO 29
18706 Bryant RD $499,995 3 2.1 2400 DETACHD
9 DA VINCI ST $399,900 3 2 1768 DETACHD 5
1585 PATTON RD $539,900 4 3 3162 DETACHD 314
1015 SOUTHSHORE BLVD $619,900 4 3 3882 DETACHD 43
17763 MARDEE AVE $447,000 5 3 2300 DETACHD 10
4070 VIRGINIA WAY $747,500 3 2.1 3510 DETACHD 44
9 TOUCHSTONE $397,000 3 2 1890 DETACHD 15
44 AQUINAS ST $379,900 4 2 1870 DETACHD 2
1272 ZIVNEY LN $679,900 4 3 2658 DETACHD 16
1725 FERNWOOD DR $479,000 4 2.1 1580 DETACHD 13
4182 GLACIER LILY ST $630,000 4 3 2799 DETACHD 4
5707 YORKSHIRE CT $780,000 4 3.1 3400 DETACHD 0
2286 WEMBLEY PARK RD $699,000 3 3 2000 DETACHD 103
1033 OBRIEN ST $325,000 4 2 1416 DETACHD 25
17101 CHAPIN WAY $519,000 3 2 1949 DETACHD 6

SOLD  (Mar 16-Mar 22, 2015)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
4650 LOWER DR /Lower $125,000 $115,000 2 1.1 1260 CONDO 86
1349 BONNIEBRAE DR /Twnhs $239,000 $219,600 3 1.1 1303 ATTACHD 118
17225 CHAPIN WAY $395,000 $347,000 3 2 2257 DETACHD 119
18 OSWEGO SMT #18 $69,900 $53,500 1 1 764 CONDO 176
4524 LOWER DR #A3 $315,000 $265,000 3 2.1 1650 CONDO 147
86 KINGSGATE RD #F-106 $142,000 $142,000 2 2 840 CONDO 3
4171 OLD GATE RD $350,000 $330,000 4 2 1752 DETACHD 7
4 TOUCHSTONE #136 $178,500 $163,700 3 2.1 1351 CONDO 5
124 D AVE /Twnhs $550,000 $550,000 2 2.1 1754 ATTACHD 7
2508 ORCHARD HILL PL $439,900 $452,000 3 2.1 2229 DETACHD 4
368 CERVANTES CIR /Twnhs $129,500 $117,999 2 1 882 CONDO 27
1625 BEDFORD CT $595,000 $574,000 2 2.1 2462 DETACHD 9
5487 TUALATA CT $339,455 $339,455 3 2 1200 DETACHD 1
751 BRIERCLIFF LN $528,950 $519,950 4 3 2534 DETACHD 32
127 DEL PRADO ST $459,000 $459,000 4 3 2310 DETACHD 5
17617 ARBOR LN $390,000 $390,000 3 2 1745 DETACHD 214
116 OSWEGO SMT #116 $139,000 $132,000 2 2 1140 CONDO 323
121 LEONARD ST #C $185,000 $178,000 2 2 1118 CONDO 131

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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What are Flowers Worth?

Lake Oswego Flowers
Hello all!

With the approach of spring comes the inevitable yard chores: fixing the fence, de mossing the roof, and planting annuals. Some of us really enjoy spending time outside in our yards, and some just don’t find much draw to yard work. But did you know that a nice clean yard helps in adding to the value of your home?
Sure planting flowers does not increase the appraised value, but it could be the key factor to attracting the right buyer! When we buy homes we are not often looking at JUST the interior of the home but the exterior, space, and location. Flowers, a new fence or deck, and a tidy lawn allow buyers to think in terms of what they would want to do with the space, and are less likely to worry about updating. And hey if you are not good with flowers then you can buy local plants that do not need much maintenance, but still help add aesthetic value to your home (even cactuses work).
So lets welcome the start of spring and get to some yard chores!

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Market Activity March 09-15 2015

Today marks the official first day of Spring 2015! Flowers are blooming, bees can be seen here and there, the soft hum of frog croaks can be heard, and (if you are in the right place) the peacocks have started howling into the evening. Lake Oswego is an absolute gem when it comes to the spring time, and with the approach of luxurious weather comes our grand increase in the Real Estate market. Already we have 15 new homes that are making their debut, 25 now pending homes, and 17 sold houses! Right now is a very good time to look into listing your home if you have been waiting to do so. And for those who are in the market with the intention to live here; we have so much to offer of this beautiful city that we love.

Below are the details according to the RMLS:

New on the Market (March 9-15, 2015)

Address Type Price Bedrooms Bathrooms Sqft
16250 PACIFIC HWY #67 CONDO 149,900 1 1 841
31 LADD ST DETACHED 318,900 3 1 867
1689 MEADOWS DR DETACHED 394,900 4 3 2182
17763 MARDEE AVE DETACHED 447,000 5 3 2300
14145 REDWOOD CT DETACHED 539,000 4 3 2452
1670 PINE ST DETACHED 675,000 4 3.5 3286
4405 SUNDEW CT DETACHED 789,000 5 3.5 4820
13836 AMBERWOOD CIR DETACHED 839,000 3 2.5 4183
1651 VILLAGE PARK LN DETACHED 989,000 4 3.5 4841
17970 ROYCE WAY DETACHED 1,125,000 5 4.5 5226
3131 WESTVIEW CT DETACHED 1,150,000 4 4.5 4688
16902 CHAPIN WAY DETACHED 1,299,000 5 4 3696
1947 SUMMIT DR DETACHED 1,595,000 5 5.5 5092
1000 ATWATER RD DETACHED 2,195,000 5 4.5 6391
1653 LAKE FRONT RD DETACHED 3,900,000 5 5.5 6274

Pending Sales (March 9-15, 2015)

Address Type Price Bedroom Bathrooms Sqft DOM
47 EAGLE CREST DR #41 CONDO 115,000 2 1 932 2
44 EAGLE CREST DR #1 CONDO 134,900 2 1 908 3
6 CERVANTES CIR CONDO 139,500 2 1.5 912 142
4 TOUCHSTONE #158 CONDO 140,000 2 2 984 5
4 TOUCHSTONE #89 CONDO 155,000 3 2.5 1351 35
200 BURNHAM RD #402 CONDO 199,500 2 2 1305 261
16805 GASSNER LN DETACHED 225,000 3 2 1092 7
15472 BRIANNE CT CONDO 169,000 2 2 1208 2
1107 CHERRY LN DETACHED 424,900 3 2 2094 10
578 2ND ST #6 CONDO 425,000 2 2.5 1394 62
629 5TH ST DETACHED 449,000 2 1 1122 266
14201 DOLPH CT DETACHED 449,000 3 2 1864 53
18790 BRYANT RD DETACHED 524,995 3 2.5 2400 22
11 JUAREZ ST DETACHED 550,000 4 2.5 2600 5
1868 GLENMORRIE DR DETACHED 585,000 3 4 3032 22
5043 ROSEWOOD ST DETACHED 609,900 3 2.5 2963 233
197 FURNACE ST 3S CONDO 689,900 2 2.5 2091 114
1380 BONNIEBRAE DR DETACHED 699,000 5 3 2940 109
5665 GRAND OAKS DR DETACHED 780,000 3 3 4226 1
1785 PALISADES TERRACE DR DETACHED 799,000 4 4.5 5052 227
14034 TAYLORS CREST LN DETACHED 869,000 5 3.2 4007 34
496 8TH ST DETACHED 879,000 4 2 2899 4
17900 GREENBLUFF DR DETACHED 949,000 4 3.5 4210 300
13080 THOMA RD DETACHED 1,100,000 5 3.5 3400 632
18253 SIENA DR DETACHED 1,198,000 5 4 4310 25

Sold/Closed (March 9-15, 2015)

Address Type List Price Close Price Sqft DOM
1 SW CRESTFIELD CT CONDO 95,000 95,000 689 18
526 S STATE ST CONDO 169,000 160,000 914 92
5061 FOOTHILLS DR A CONDO 199,950 205,000 991 6
48 EAGLE CREST DR ATTACHED 208,500 208,500 1550 1
15868 PARKER RD DETACHED 219,950 220,000 780 36
16351 PACIFIC HWY DETACHED 339,900 329,900 1754 18
4146 LAKEVIEW BLVD DETACHED 400,000 350,000 2056 99
1327 CEDAR ST DETACHED 399,900 395,000 2350 26
768 BERWICK CT DETACHED 549,900 480,000 1731 24
8 WALKING WOODS DR DETACHED 515,000 495,000 3105 25
14372 CAMDEN LN DETACHED 519,900 500,000 2348 52
1868 KILKENNY DR DETACHED 550,000 510,000 2300 83
2234 FERNWOOD CIR DETACHED 545,000 530,000 2975 84
17393 SCHALIT WAY DETACHED 540,000 545,000 2897 3
17694 MARYLBROOK DR DETACHED 719,000 719,000 2758 2
1287 BICKNER ST DETACHED 699,500 722,695 2665 103
13024 ROGERS RD DETACHED 769,000 769,000 3333 0

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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Home Warranties

Home warranties have become a common part of the majority of real estate transactions. It is basically an insurance policy that covers the home system components and some of the appliances. My most simple description is that if you think about items that have energy or movement in them, it is more likely to be part of the policy. Each policy is slightly different, so please consult the companies who offer them, but what is usually covered are furnace, water heater, plumbing and electric elements. What isn’t covered are stationary elements like the roof, the foundation, the walls.

When policies are purchased, they are good for one full year from the date of purchase and can then be annually renewed thereafter. I have twice had clients who received the policy when they purchased their home and then kept it the entire time they owned the house.

There are numerous companies who offer these policies. I am going to tell you about the three that I see most used in our area.

ahs_logo_176x65American Home Sheild is the big boy in this field. They were the first company I heard of and they do a big percentage of the plans that are sold. They have 3 plans: Esssential, Plus, and Complete. The numbers I am going to give you here are as of this day, and do not include quite a few options that could be added on. It is based upon a home that is single family, in Oregon, 10+ years of age (newer homes are slightly less expensive) and does not include air conditioning (which could be added on).

The Essential Plan does not cover any appliances. It does cover the furnace, water heater, plumbing and electric. It costs $380. The Plus plan covers the appliances, including the refrigerator and the washer and dryer, and it costs $510. The complete plan adds to the coverage things like the garage door opener, the door bell, and ceiling fans. It costs $565.

To use the policy you simply call an 800 number to make a claim. American Home Shield contracts locally and sends a technician to your home. There is a $75 charge for each service call.

It is possible to place the policy on the home at the time it is listed for sale. I highly recommend this. It is not paid for until the house is sold. If the house is never sold then there is no charge for the coverage unless the policy is used and that charge is just $60. So it is really affordable and the policy could potentially be used to deal with home inspection issues.

logoFirst American Home Buyer Protection Corporation is another well known company. They have two plans: Basic and Value+. Basic covers the home systems including the dishwasher and the range, but no refrigerator or washer/dryer. It costs $290. The Value+ plan adds air conditioning and it costs $420. Other items can be added to this plan, as it can be added to the other two, such as septic systems, swimming pools, the washer/dryer and the refrigerator. The service call to make a claim is $60. First American Home Buyer Protection also offers 180 days of coverage to the seller when the house is listed for sale at no charge, unless the policy is used and then the house is not sold, then there is a charge of $60.

home_warrantyLast I will mention Fidelity National Home Warranty They offer two plans: Standard and Comprehensive. The Standard plan does not include air conditioning and it costs $260. The Comprehensive plan does include the air conditioning and it costs $360. Both plans cover the dishwasher and the range, but neither cover the washer, dryer or refrigerator, which can be added on for an additional charge. The service call to make a claim is $65. Coverage for the seller at the time the house is listed for sale is available at no charge.

I think it’s pretty easy to see why purchasing one of these policies makes sense. For someone selling it may help cover repair issues and it certainly helps the buyer have a better comfort level with the home. For buyers, who usually spend most of their money on the down payment and the closing costs, it helps them to feel like they have a financial cushion for the first year that they will own the home.

Who pays for the policy? It’s negotiated between the buyer and the seller. I think it depends a lot on how long the house has been on the market without an offer, and also on how close to the asking price the buyer is offering.

I want to encourage you to do your research before you make or receive an offer. Figure out which plan you like and make sure it covers the elements that are of concern to you.

I am not an expert on these policies. I want to encourage you to contact these companies yourself to get exact information. Here is the contact info:

American Home Shield, 866-406-0440, www.ahs.com

First American Home Buyer Protection Corporation, 888-875-0533, www.homewarranty.firstam/Default.aspx

Fidelity National Home Warranty, 800-308-1420, www.homewarranty.com

Do not hesitate to get in touch with Linda, Whitney, or myself, if you have any questions about real estate!
Dianne

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Market Activity March 2-8, 2015

This is our 1000th post! AMAZING! Back in the beginning, Linda and I had no idea how well this blog would work. At the time there were only about a dozen real estate blogs being done in the Portland Metro area and not a single one, that we could find, that focused exclusively on Lake Oswego real estate. It’s been a wonderful success. We have met many of our readers who have become clients or simply come to meet us at our open houses. We want to thank you for reading the propertyblotter and for sharing the Lake Oswego real estate adventure with us!

Now for last week’s market activity. Lake Oswego had 23 properties come up for sale, 24 go into contract/pending status, and 12 closed sales.

Below are the details according to the RMLS:

New on the Market (March 2-8, 2015)

Address Type Price BR Bths SF
89 Galen St #89 Condo $89,000 1 1 575
47 Eagle Crest Dr #41 Condo $115,000 2 1 932
4 Touchstone #158 Condo $140,000 2 2 984
44 Eagle Crest Dr #3 Condo $149,900 3 2 1085
16805 Gassner Ln Detached $225,000 3 2 1092
900 Cornell St Detached $314,000 3 1.5 1300
12 Saint Helens Circle Detached $381,000 3 2 1790
1725 Fernwood Dr Detached $479,000 4 2.5 1580
1990 Greentree Rd Detached $479,900 4 3 2100
11 Juarez St Detached $550,000 4 2.5 2600
1272 Zivney Detached $679,900 4 3 2658
5124 Woodcrest Ln Detached $719,900 5 2.5 2923
15947 Waluga Dr Detached $725,000 4 2.5 3370
12615 SW 21st Ct Detached $739,000 4 3.5 4594
504 10th St Detached $750,000 3 2 2277
17583 Shepherds Ct Detached $774,900 4 3 2997
17572 Shepherds Ct Detached $779,900 4 3 2983
100 Leonard St Condo $799,900 3 2.5 2734
17656 Woodhurst Pl Detached $825,000 4 2.5 4597
15195 Lily Bay Ct Detached $898,000 4 2.5 4099
13624 Goodall Rd Detached $1,539,000 4 4.5+.5 4411
4077 Westbay Rd Detached $1,749,000 4 4 3644
778 Cabana Ln Detached $1.995,000 3 3 3343

Pending Sales (March 2-8, 2015)

Address Type Price BR Baths SF DOM
56 Galen St Condo $142,500 2 2 1000 10
5225 Jean Rd #311 Condo $170,000 2 2 1100 35
3433 McNary Pkwy #506 Condo $175,000 2 2.5 1136 3
4524 Lower Dr #A3 Condo $279,000 3 2.5 1650 147
668 McVeyAve #33 Condo $284,900 2 1 852 2
3101 Wembley Park Rd Detached $319,000 2 1 858 3
4670 Lower Dr Detached $374,900 3 2.5 1587 154
44 Oriole Ln Detached $389,000 4 2.5 2156 6
9 Touchstone Detached $397,000 3 2 1890 4
13855 Verte Ct Detached $449,000 3 2.5 1835 12
48 Spinosa Detached $462,500 3 2.5 2848 47
1448 Cedar St Detached $468,000 4 3 2544 532
18768 Wood Duck St Detached $499,900 3 3 2940 346
1710 Glenmorrie Terrace Detached $499,900 3 3 2865 135
34 Del Prado St Detached $539,950 4 3 3120 101
13819 Provincal Hill Dr Detached $549,900 4 2.5 2096 8
17749 Leafy Ln Detached $585,000 4 3 3300 25
8 Del Prado St Detached $599,900 5 3 3548 59
18125 Westminster Dr Detached $749,000 4 3.5 3866 4
15203 Lily Bay Ct Detached $779,000 4 2.5 3219 34
1785 Palisades Terrace Dr Detached $799,000 4 4.5 5052 216
14488 Pfeifer Dr Detached $825,000 4 3.5 3563 31
1267 Maple St Detached $879,000 4 2.5 3388 140
290 Iron Mountain Blvd Detached $2,095,000 5 5 4733 1

Sold/Closed (March 2-8, 2015)

Address Type List Price Closed Price Sq Ft CDOM
45 Eagle Crest #308 Condo $169,900 $165,000 1046 24
1460 Greentree Circle Detached $399,900 $390,000 1791 3
1401 Greentree Circle Detached $449,000 $425,395 1800 165
808 Ellis Ave Detached $514,900 $510,900 2,108 28
15885 White Oaks Dr Detached $625,000 $624,000 2802 55
67 Nansen Summit Detached $749,000 $714,000 4992 507
17838 Marylcreek Dr Detached $750,000 $725,000 4317 35
17171 Lowenberg Terr Detached $739,000 $735,000 3002 118
2065 Ridge Pointe Dr Detached $849,900 $825,000 4790 246
245 Chandler Pl Detached $900,000 $900,000 3733 0
1057 Bullock St Detached $945,000 $915,000 4700 185
556 7th St Detached $1,075,000 $1,075,000 3911 0

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

The most recent real estate numbers for Portland and the Lake Oswego/West Linn areas (RMLS lumps them together) are available.

According to the RMLS Market Action Report for the Portland Metro Area, January, 2015:

  • There were 2,762 New Listings in January which was up a whopping 79.4% from December, and up 6.9% from January of 2013.
  • At 1,477, January Closed Sales dropped 34% from the month prior, but were up a full 5.8% from January of 2013.
  • January Pending Sales (accepted offers), at 2,294, were very strong. Up… 37.6%  from December, and up 13.2% from January 2013.
  • Comparing the 12 months ending January 31st of 2015 with the same 12 month period ending January 2014, Average Sales Price is up 7%.    The Average Sale Price in January of $329,400 was down $2,200 from the month prior. 

__________________________________________

The combined areas of Lake Oswego and West Linn  for the month of January 2015 reported:

    • 337 Active Listings
    • 166 New Listings
    • 113 Pending Sales
    • 68 Closed Sales
    • An Average Sale Price for December of $533,500.
    • Average Time on the Market: 84 Days
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Market Activity ~ Feb 23 - March 1, 2015

Lake Oswego is seeing lots of activity, along with the greater Portland area.

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 15 “Closed”/Sold!

Following is the breakdown for you according to RMLS:

NEW on Mkt (Feb 23-Mar 1, 2015)

Address List Price # Beds # Baths Total SF Prop Type
56 GALEN ST Upper $142,500 2 2 1000 CONDO
44 ORIOLE LN $389,000 4 2.1 2156 DETACHD
4871 CENTERWOOD ST $415,000 4 3 2619 DETACHD
1107 CHERRY LN $424,900 3 2 2094 DETACHD
1428 GREENTREE CIR $425,000 4 2.1 2236 DETACHD
13855 VERTE CT $449,000 3 2.1 1835 DETACHD
1250 PINE ST $529,900 4 3 2856 DETACHD
13819 PROVINCIAL HILL DR $549,900 4 2.1 2096 DETACHD
27 BECKET ST $579,900 3 2 2715 DETACHD
4004 MELISSA DR $598,950 4 2.1 2839 DETACHD
720 MAPLE ST $719,000 3 2.1 3966 DETACHD
2855 SW UPPER DR $1,150,000 3 2 1749 DETACHD
17620 BLUE HERON RD $1,198,000 4 3.1 4041 DETACHD
16655 MAPLE CIR $1,269,000 3 2 2030 DETACHD
14733 UPLANDS DR $2,495,000 6 5.3 7088 DETACHD
17096 CHAPIN WAY 1395000 – 1495000 4 5 4395 DETACHD

PENDING SALES (Feb 23-Mar 1, 2015)

Address List Price # Beds # Baths Total SF Prop Type CDOM
368 CERVANTES CIR $119,999 2 1 882 CONDO 27
86 KINGSGATE RD #F 106 $142,000 2 2 840 CONDO 3
106 OSWEGO SMT $165,000 2 2 1140 CONDO 5
45 EAGLE CREST DR #308 $169,900 2 2 1046 CONDO 24
152 RIDGEWAY RD $234,900 2 1.1 1794 CONDO 3
18660 DON LEE WAY $274,900 3 1 946 DETACHD 206
38 WHEATHERSTONE $299,900 3 2.1 1692 ATTACHD 8
15364 TWIN FIR RD $349,900 3 2 1608 DETACHD 271
9 CONDOLEA DR $380,000 3 3 2198 CONDO 5
17617 ARBOR LN $390,000 3 2 1745 DETACHD 214
5926 DOVE CT $435,000 3 2 1807 DETACHD 2
18863 INDIAN SPRINGS RD $439,900 4 3 2001 DETACHD 3
16201 LAKE FOREST BLVD $444,900 3 2.1 1846 DETACHD 108
4733 FIRWOOD RD $474,900 4 3 2310 DETACHD 189
103 GARIBALDI ST $479,000 3 3.1 3322 DETACHD 1188
19 MONTICELLO DR $479,900 6 3 3678 DETACHD 27
2250 PARK RD $559,000 3 2 2041 DETACHD 3
4848 HASTINGS DR $575,000 3 2.1 2174 DETACHD 3
409 MIDDLECREST RD $599,000 3 3 2135 DETACHD 15
3285 CHILDS RD $599,900 4 3 2693 DETACHD 3
797 F AVE $700,000 3 2.1 2323 DETACHD 2
13643 MELROSE PL $799,900 4 4 4146 DETACHD 45
1136 WESTWARD HO RD $895,000 3 2.1 3344 DETACHD 324
568 9TH ST $925,000 3 3.1 2825 DETACHD 85
816 4TH ST $949,900 4 2.1 2699 DETACHD 9
2490 SUMMIT DR $2,200,000 4 2 3000 DETACHD 212

SOLD  (Feb 23-Mar 1, 2015)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
28 CRESTFIELD CT $145,000 $150,000 2 2 995 CONDO 3
5185 CARMAN DR $389,000 $325,000 3 1.1 1848 DETACHD 141
123 CONDOLEA DR $375,000 $335,000 3 3 2143 CONDO 153
5053 W SUNSET DR $375,000 $373,000 2 2.1 1720 ATTACHD 2
17251 GREENTREE AVE $414,950 $410,000 4 2.1 2728 DETACHD 45
4104 LAKEVIEW BLVD $439,000 $420,000 4 2 2252 DETACHD 66
143 KINGSGATE RD $450,000 $442,500 3 2 2618 DETACHD 131
14353 HOLLY SPRINGS RD $525,000 $525,000 4 3 2238 CONDO 129
4959 BILFORD LN $549,900 $549,900 3 2.1 2456 DETACHD 4
4729 FIRWOOD RD $599,900 $550,000 3 2.1 2594 DETACHD 87
5590 KILCHURN AVE $624,900 $570,900 4 2.1 2472 DETACHD 68
3877 TEMPEST DR $690,000 $695,000 4 2.1 3237 DETACHD 4
1051 COUNTRY COMMONS $849,000 $779,900 4 2.1 3582 DETACHD 224
2950 UPPER DR $795,000 $785,000 4 3.1 3373 DETACHD 64
3700 MARQUIS CT $924,850 $919,000 4 2.1 4251 DETACHD 69

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 Feb 16 - 23rd 2015

This activity report is coming a little late, though it is a big one! Spring market has arrived and is dressed to impress! We have 26 houses that have reached the market and are ready to be visited. There are 30 houses that are pending, and best of wishes upon their closing! 11 sold properties, which means 11 new neighbors!

Following is the breakdown for you according to RMLS:

New on Market (Feb 16-23, 2015)

Address Type Price Bedrooms Bathrooms Sqft
200 BURNHAM RD #306 CONDO 195,000 2 1 1199
9 CONDOLEA DR CONDO 380,000 3 3 2198
5530 BONITA RD DETACHED 398,000 3 2 1200
4871 CENTERWOOD ST DETACHED 415,000 4 3 2519
18706 BRYANT RD DETACHED 519,995 3 2.5 2400
5326 SW CHILDS RD DETACHED 549,901 3 2.5 1801
18364 BRYANT RD DETACHED 551,995 3 2.5 2736
27 BECKET ST DETACHED 579,900 3 2 2615
1868 GLENMORRIE DR DETACHED 585,000 3 4 3032
14121 REDWOOD CT DETACHED 629,900 4 3.5 2703
2051 CREST DR DETACHED 699,500 4 2 2886
729 SOUTHVIEW RD DETACHED 725,000 3 2 2657
1770 HEADLEE LN DETACHED 750,000 2 3 2434
17620 BLUE HERON RD DETACHED 1,198,000 4 3.5 4041
17620 WOODHURST PL DETACHED 1,200,000 4 4 4389
720 KENOLA CT DETACHED 1,200,000 3 3.5 3727
1956 CHERYL CT DETACHED 1,425,000 4 4.5 5334
17096 CHAPIN WAY DETACHED 1,395,000-1,495,000 4 3.5 4395
401 9TH ST DETACHED 1,590,000 4 3.5 4288
1135 LAKE FRONT RD DETACHED 2.295,000 4 4 4245

Pending Sales (Feb 16-23, 2015)

Address Type Price Bedroom Bathrooms Sqft DOM
169 OSWEGO SMT #169 CONDO 83,032 2 2 1330 126
4000 CARMAN DR #55 CONDO 149,900 2 2 866 123
3433 MCNARY PKWY #208 CONDO 150,000 2 2 1008 8
45 EAGLE CREST DR #308 CONDO 169,900 2 2 1046 24
15868 PARKER RD DETACHED 219,950 2 1 780 36
152 RIDGEWAY RD CONDO 234,900 2 1.5 1794 3
65 KINGSGATE RD ATTACHED 299,900 3 2 1237 4
16735 LAKE FOREST BLVD DETACHED 318,900 3 2 1192 118
1743 ASPEN CT DETACHED 326,900 3 2 1341 115
4171 OLD GATE RD DETACHED 350,000 4 2 1752 7
43 CONDOLEA CT CONDO 365,000 2 2.5 2157 31
5185 CARMAN DR DETACHED 389,000 3 1.5 1848 141
4820 LAMONT WAY DETACHED 392,900 3 2.5 1768 193
3402 LAKE GROVE AVE DETACHED 410,000 3 2 1686 102
5926 DOVE CT DETACHED 425,000 3 2 1807 2
12836 SIERRA VISTA DR DETACHED 449,000 4 2.5 2166 136
2508 ORCHARD HILL PL DETACHED 454,000 3 2.5 2229 4
1653 DEVON LN DETACHED 485,000 4 3 3181 165
644 ELLIS AVE DETACHED 499,000 3 2 3340 16
17393 SCHALIT WAY DETACHED 540,000 3 2 2240 16
2234 FERNWOOD CIR DETACHED 545,000 4 3 2975 84
124 D AVE ATTACHED 550,000 2 2.5 1754 7
4258 ALBERT CIR DETACHED 659,000 4 2.5 2745 197
1890 CREST DR DETACHED 725,000 3 2.5 2782 144
1051 COUNTRY COMMONS DETACHED 799,900 4 2.5 3582 224
13643 MELROSE LP DETACHED 799,900 4 4 4146 45
14626 UPLANDS DR DETACHED 828,900 4 3 2951 2
2726 RIVENDELLL RD DETACHED 849,000 5 3 3315 2
18253 SIENA DR DETACHED 1,198,000 5 4 4310 3
13612 GOODALL RD DETACHED 1,469,000 5 4.5 4362 332

Sold/Closed (Feb 16-23, 2015)

Address Type List Price Close Price Sqft DOM
1803 BOCA RATAN DR ATTACHED 297,000 288,000 1739 44
18275 TERRY CT DETACHED 319,000 315,000 1270 228
5695 WASHINGTON CT DETACHED 349,900 345,000 1769 9
47 ORIOLE LN DETACHED 399,500 378,000 1958 123
5907 FERNBROOK CIR DETACHED 399,900 398,950 1892 175
4104 LAKEVIEW BLVD DETACHED 439,000 420,000 2252 66
2 PIMLICO TER DETACHED 599,000 490,000 2301 83
1562 CHANDLER RD DETACHED 1,225,000 500,000 2318 305
1560 LABURNUM WAY DETACHED 499,900 520,000 1773 1
2762 VALE CT DETACHED 620,000 620,000 2709 7
1766 PALISADES TERRACE DR DETACHED 750,000 735,000 2792 190

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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Zillow buys Trulia, how does this affect the game?

Back in January of 2015 Zillow spent 3.5 billion dollars and bought out Trulia, though instead of overhauling their competitor, they have decided to maintain separate identities while working together to achieve larger real estate advertisement goals.

For most modern-day home buyers, actively or even casually in the market looking for a house, they will turn to the comfort of their computer at home or even on their mobile device while out and about. It is just so much more convenient to have the information on hand than it is to call up a real estate agent and request the information. Typically what sites do they turn too? Zillow and Trulia are the most popular public access real estate information platforms on the internet today. Zillow gives a rough estimate on the price of houses currently on the market, while Trulia offers information on the location of the home, the neighborhood, various draw-ins around the neighborhood, and even provides readily accessible information for mortgage brokers.

How does this affect homebuyers?
For home buyers this is a dream. House shopping becomes painless, quick, and convenient. You can easily bring up houses side-by-side and compare traits that you would find most favorable when making that very important decision of buying (or even selling!) a home.

How does this affect Realtors?
Realtors are no longer turned to as the gurus of knowledge for obtaining information on all houses provided for by the real estate market. Though that does not mean that we have been replaced! The most important job a Realtor can take on is being there in person with buyers and sellers, and guiding them through the experience. A LOT of paperwork goes into buying and selling houses now days, and it is a Realtor’s job to walk you through the steps and help guide you, while making sure that you are well informed of anything and everything that is known about the property. Instead of being the gatekeepers of information on the real estate market they are now more like guard dogs. It won’t be Zillow who maintains copies of counter-offers and addendums, tracks dates, and informs you of deadlines which may risk your earnest money (Nor do I foresee Zillow coming out to a home inspection and/or radon text. But who knows!). One thing that Zillow provides, which is beneficial to Realtors, is that it maintains a database of information on houses that extend nationwide. So real estate agents no longer have to maintain an area of expertise (unless they want too of course) and can participate in transactions as far out (within their state) as they are willing to drive. This is beneficial to those who are active in social media sites and like to maintain a referral network.

For selling agents Zillow and Trulia make advertising your listing a breeze, but only for those surfing the internet. Though it is nice to have easy-access internet advertising, if you wish to stand out from other listings, which have the same publicity on Zillow/Trulia, you will need to continue working those open houses!
As a side note: no matter what information Zillow or Trulia finds on a property. It will inevitably still be the listing agent who will be the most knowledgeable about specific details.

How does Zillow get its prices?
Zillow uses an algorithm known as The Zestimate. Like the very function of its name, it is an estimate and NOT an appraisal (estimates are not used legally to determine the actual value of the house). The Zillow Zestimate uses information on the property such as previous prices the home was bought and sold by, as well as houses in the neighborhood that are of similar price value. The Zestimate does NOT take into account subjective desires like: views, shops, RV parking, gardens, real wood floors, stained glass, finished and furnished basements (which are just a few of the things not considered, to give you an idea. Zillow only looks at prices and price history). Zillow’s Zestimate aims at giving you an idea of where to start when pricing a home. Some Zestimates are going to be more accurate than others depending on the activity of the neighborhood in the real estate market. In essence: if a Zestimate is too low it could be because Zillow is not taking into account a completely new kitchen renovation, as well as any other amenities that may make the house more desirable than houses surrounding the property.

What can I expect to see now that Zillow and Trulia have joined forces?
A mass information abundance! Which is a good thing for buyers, sellers, and Realtors! Providing easy access for information on houses while you are already browsing your social media sites, or surfing the internet.

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Tennis Opportunities

09_tennis_resurfI think there are quite a number of things that add to quality of life, and staying active and fit is one of them. For some that may involve aerobics, weights, walking, running, swimming, any number of activities. The greater your options, the greater the odds are that you’ll stay active, and tennis is a great option.

The City of Lake Oswego offers indoor and outdoor tennis options.

Outdoor tennis is found in 7 locations, 2 of which have lighting for evening use. These courts are first-come, first-serve with the exception of the courts that are located on school property. Use at those locations is affected by school use as well. But they are pretty simple to use and easy to find. For a list of locations, click here.

The indoor courts can be found at the Tennis Center at 2900 Diane Drive in Springbrook Park. Open daily from 6:00am to 9:00pm, courts are available on an hourly basis for $18 per hour. Reservations can be made up to a week in advance. For convenience you can buy lump sum packages (still at $18 an hour). In July there is a lottery for up to 4.5 months of advance reservations in September to May.

dsc_0387The indoor facility has four courts. There are a wide variety of activities for all ages, and all abilities: general use, lessons, competitions, youth tennis, it’s very impressive.

Of special note, the Lake Oswego Tennis Center, with sponsorship from the Greater Portland Tennis Council, provides the only Special Olympics tennis program in the State of Oregon.

Also, be aware for about 2 weeks each summer the facility is closed for maintenance. Last year the 2 weeks were in August.

I hope you find this helpful. Enjoy!
Dianne

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