Lake Oswego Open Houses ~ Sunday, October 18, 2009

Sunday is supposed to be our best day of the week… i.e., Sunshine! Get out and enjoy touring some Open Houses in Lake Oswego, and give Dianne or me a call if you are not working with a Realtor and end up finding the house of your dreams! We’d be happy to represent you, and always have time for you.
There are 26 properties on tour in Lake Oswego tomorrow according to RMLS:

Address L/Price # Beds # Baths Total SF Open
4000 CARMAN DR $139,000 2 2 836 1-3PM
16250 PACIFIC HWY $209,900 3 2 1626 1-3PM
1597 BONNIEBRAE DR $216,900 2 1 998 1-3PM
17752 SCHALIT WAY $329,900 3 2 1463 1-4PM
4505 WILDWOOD ST $359,900 3 2 1720 1-3PM
15430 PARTRIDGE DR $379,000 3 2.1 2207 1-3PM
1457 BOCA RATAN DR $420,000 3 2 1568 1-4PM
119 3RD ST $429,900 3 2 1204 1:30-4PM
17886 TUALATA AVE $438,000 4 2 1994 2-4PM
2525 DELLWOOD DR $519,000 5 3 2836 12-1:30PM
3300 SOUTHSHORE BLVD $625,000 1 1.1 1162 1-4PM
13768 KNAUS RD $649,000 3 2 2358 12-1:30PM
2235 GLEN HAVEN RD $749,000 5 2 2778 1-3PM
1225 LAKE GARDEN CT $850,000 4 3.2 3558 1-3PM
14480 KRUSE OAKS BLVD $995,000 4 3.1 4661 1-5PM
18209 SIENA DR $1,178,950 4 3.1 3617 1-3PM
18143 SIENA DR $1,197,000 5 4.1 4152 1-3PM
18246 BELLA TERRA DR $1,294,000 4 3.1 4052 1-3PM
17464 RIDGEVIEW LN $1,298,950 4 3.1 4407 1-3PM
622 OAK MEADOW DR $1,325,000 4 3.1 4171 1-3PM
664 OAK MEADOW DR $1,355,000 4 3.1 4198 1-3PM
18110 Siena DR $1,394,000 4 3.1 4311 1-3PM
657 OAK MEADOW DR. $1,395,000 4 3.1 4371 1-3PM
17364 RIDGEVIEW CT $1,425,000 4 3.1 4436 1-3PM
15825 OSWEGO SHORE CT $2,248,850 3 3.1 4317 1-3PM
13961 KNAUS RD $2,450,000 4 4.2 6614 2:30-4PM
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2 Replies to “Lake Oswego Open Houses ~ Sunday, October 18, 2009”

  1. I don’t want to sound too negative, but the Schollander-built houses on Oak Meadow and Ridgeview are way overpriced. What surprises me is that they have not dropped their price.

    I have to wonder whether they worked out some sort of a deal with the bank holding their construction loan. The carrying cost of those 5-6 new homes is very high. Even if the interest rate is low, they are losing a lot of money every month. And they have to pay property taxes on those houses since they’ve been on the market for more than a year.

    From the market activity reports posted here, it seems that only lake front houses and houses on very large lots are getting sold for more than a million.

    I did go to their open house around July. They have an open house every other week. They couldn’t sell any even during the peak summer season.

    My wife thinks that the first home that gets sold will be in the 900K range. I think that it’ll be in the 800K range. Around 800K, that puts those homes around $200 a square foot. I think Schollander is still making money at that price. My guess is that their cost is around $175 sq foot.

    The only problem with selling around 800K is that the people who already bought those houses at 1.3 or 1.4 million will feel that they got cheated.

    But I fear the worst. Those homes might end up bankrupting Schollander.

    Sorry, I’m just trying to be realistic. Legend, Renaissance, etc filed for
    Chapter 11.

    -David

  2. David,

    You know, it’s hard to speculate on what the builder/Seller’s situation is, but I think you make some good points. They’ve been on the market for awhile, but then again, so have many, many homes in that price range & higher. They’re also offering some special financing.
    Over 1 mil (I’m sure you know) is a longer sale, and well, we’ve had a crazy market. That is prime location there, and those are gorgeous homes. I wish the best for the builder/Seller… they sure did a great job. That said, it is the Buyer who sets the market value. Ony time will tell.

    Linda

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