Tag: luxury homes

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Market Activity for May 14-20, 2012

Last week 21 new listings came onto the market, 23 homes went pending, and 13 sales closed, including a house on the Willamette River for $3,600,000. That is the most high-end sale in the area in several years. Ther has been quite a bit of buzz about it. Also of note is that it sold in just 33 days.

New Listings

86 Kingsgate Rd, condo, $73,900, 2 BR, 2 Bths, 849SF

6930 Montauk Circle, condo, $119,000, 2 BR, 1 Bth, 924SF

19271 Benfield Ave, detached, $267,000, 3 BR, 2 Bths, 1256SF

18863 Indian Springs Rd, detached, $315,000, 4 BR, 3 Bths, 1976SF

647 2nd St, attached, $339,000, 2 BR, 2 Bths, 1457SF

1830 Cloverleaf Rd, detached, $364,999, 5 BR, 2 Bths, 1795SF

14361 Sherbrook Pl, detached, $419,900, 3 BR, 2.5 Bths, 2100SF

4690 Auburn Ln, attached, $439,900, 3 BR, 3.5 Bths, 2732SF

15585 Partridge Dr, detached, $449,950, 4 BR, 2.5 Bths, 2604SF

5073 Madrona St, detached, $455,000, 3 BR, 3 Bths, 3299SF

14321 Camden Ln, detached, $459,900, 4 BR, 2.5 Bths, 2553SF

5214 Lower Dr, detached, $485,000, 4 BR, 2.5 Bths, 2904SF

18140 Pioneer Ct, detached, $499,000, 4 BR, 2.5 Bths, 2537SF

17622 Brookhurst Dr, detached, $569,000, 4 BR, 2.5 Bths, 2909SF

6479 McDuff Ct, detached, $589,900, 3 BR, 2.5 Bths, 3173SF

18345 Heather Ann Ct, detached, $665,000, 4 BR, 2.5 Bths, 3336SF

13741 Knaus Rd, detached, $700,000, 3 BR, 2 Bths, 2874SF

50 Becket St, detached, $734,000, 4 BR, 2.5 Bths, 4216SF

5680 La Mesa Ct, detached, $769,900, 4 BR, 3.5 Bths, 3440SF

330 Northshore Rd, detached, $789,000, 4 BR, 3 Bths, 3324SF

3917 Southshore Blvd, detached, $2,150,000, 3 BR, 4.5 Bths, 4657SF

Pendng Sales

100 Kerr Pkwy #53, condo, $67,500, 1 BR, 1 Bth, 617SF, 6DOM

92 Oswego Summit, condo, $84,900, 1 BR, 1 Bth, 764SF, 66 DOM

49 Oswego Summit, condo, $89,500, 1 BR, 1 Bth, 721SF, 18 DOM

19158 Longfellow Ave, detached, $199,000, 3 BR, 1.5 Bths, 1232SF, 100 DOM

4868 Lakeview Blvd, detached, $219,000, 2 BR, 1 Bth, 800 SF, 4 DOM

15155 Glen Eagles Ct, detached, $234,500, 3 BR, 2.5 Bths, 2300 SF, 8 DOM

10 Preakness Ct, attached, $279,500, 4 BR, 2.5 Bths, 2270 SF, 155 DOM

2965 Tolkien Ln, detached, $289,000, 4 BR, 2.5 Bths, 3925 SF, 2 DOM

4991 Centerwood St, detached, $299,900, 4 BR, 3.5 Bths, 2286 SF, 183 DOM

1053 Hallinan St, detached, $300,000, 3 BR, 2.5 Bths, 1944 SF, 9 DOM

14124 Goodall Rd, detached, $349,000, 4 BR, 2 Bths, 2624 SF, 2 DOM

225 Hidalgo St, detached, $365,000, 4 BR, 2.5 Bths, 2251 SF, 2 DOM

12770 Sierra Vista Dr, detached, $393,900, 4 BR, 2.5 Bths, 2592 SF, 98 DOM

6 Sherwood Ct, detached, $450,000, 4 BR, 3 Bths, 3133 SF, 407 DOM

19010 Bryant Rd, detached, $499,000, 4 BR, 3.5 Bths, 4878 SF, 166 DOM

4626 Chelsea Ln, detached, $574,900, 4 BR, 2.5 Bths, 3364 SF, 70 DOM

2323 Prestwick Rd, detached, $596,000, 4 BR, 3 Bths, 3142 SF, 0 DOM

15655 Village Dr, detached, $625,000, 4 BR, 2.5 Bths, 4044 SF, 1 DOM

1896 Palisades Lake Ct, detached, $767,500, 4 BR, 3 Bths, 3476 SF, 8 DOM

3131 Wembley Park Rd, detached, $819,000, 4 BR, 3.5 Bths, 3597 SF, 352 DOM

1291 Garden Ct, detached, $874,500, 3 BR, 3 Bths, 3254 SF, 5 DOM

13795 Cameo Ct, detached, $1,475,000, 4 BR, 5.5+.5 Bths, 7190 SF, 176 DOM

1075 Chandler Rd, detached, $1,535,000, 5 BR, 4.5 Bths, 5946 SF, 212 DOM

Closed Sales

5055 Foothills DR H, condo, original price $187,000, sold price $172,000, 2 BR, 2 Bths, 134 CDOM

51 Oriole Ln, detached, original price $199,900, closed price $175,500, 3 BR, 2 Bths, 119 CDOM

24 Weatherstone, attached, original price $239,000, closed price $239,000, 3 BR, 2.5 Bths, 38 CDOM

55 Northshore Rd #8, attached, original price $279,000, closed price $255,974, 1 BR, 1 Bth, 234 CDOM

42 Northview Ct, attached, original price $369,900, closed price $357,000, 3 BR, 3.5 Bths, 304 CDOM

2357 Hillside Ln, detached, original price $474,900, closed price $435,000, 5 BR, 3 Bths, 45 CDOM

555 Atwater Rd, detached, original price $599,000, closed price $585,000, 5 BR, 3 Bths, 459 CDOM

3623 Eena Rd, detached, original price $649,000, closed price $635,000, 5 BR, 3.5 Bths, 271 CDOM

2351 Palisades Crest Dr, detached, original price $699,900, closed price $676,000, 5 BR, 2.5 Bths, 59 CDOM

15468 Boones Way, attached, original price $724,900, closed price $699,000, 4 BR, 2.5 Bths, 260 CDOM

2311 Oswego Glen Ct, detached, original price $839,000, closed price $780,000, 4 BR, 4 Bths, 474 CDOM

4110 Canal Rd, detached, original price $970,000, closed price $880,000, 4 BR, 3.5 Bths, 103 CDOM

12900 Fielding Rd, detached, original price $4,395,000, closed price $3,600,000, 6 BR, 7.5 Bths, 33 CDOM

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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Buying Distressed Houses

After my post a week or so ago showing the percentage of distressed houses in the current market, I got an inquiry asking what should a buyer do to make the most of these circumstances.

As a reminder, there are two types of distressed houses: shortsales and foreclosures. Shortsales are still owned by the homeowner, but the amount owed on the mortgage is more than the house is worth. To sell the house, the homeowner must get the lender to discount the mortgage and forgive some of the debt.

Shortsales are frustrating because it requires a 3rd party, the lender, to approve the sale. As a buyer you have to wait it out and it can take months. After the wait, the lender may then not approve the sale and your time and effort will have been for nothing. This may not be so bad for an investor, as the end result may be worth it. But for a buyer who is trying to purchase a home, it can be agonizing.

Shortsales are listed for sale just like any other property and are found on most National websites as well as our local RMLS.

Bank Foreclosures (sometimes called REO, Real Estate Owned) are a better proposal for everyone. They are already repossessed and the title to the property is held by the lender. This is a more normal sale in that there is not waiting game for approvals. Escrow can occur in 45 days, just like a normal purchase.

The big difference in a foreclosure is that the bank will have extensive paperwork to protect their interest. They go to great lengths to get buyers of their properties to sign off on any recourse after closing. They will also have items like penalties if the closing does not occur on time. So as a buyer, you need to do your part to thoroughly inspect the property, and the deal on the house really needs to be such that putting up with the hoops that the bank puts out there is worth it.

Bank foreclosures are also listed with Realtors. So you will find them on the National websites as well in on our local RMLS. However, there are a couple of other websites that you can use:

www.homepath.com lists Fannie Mae foreclosures
www.va.equator.com lists Veterans Association Foreclosures
www.hudhomestore.com lists FHA foreclosures

These websites do not charge for the information. There are numerous other websites that do charge. I have always felt it is silly to pay for what is otherwise free. If you google “bank foreclosures” you’ll get a slew of sights that want to make money off of your curiousity.

Next you need to know that if you are going to get into this game, you have to be ready. You are one of thousands. These houses, at least the ones that are priced right in nice areas of town, sell fast. So you 1) need to get your money in order with proof of funds for cash purchases or financing for a mortgage, and 2) watch the market daily and be prepared to move.

When the deals are offered, expect multiple offers. Be prepared to pay over the list price. In a recent experience I have had, there were 4 cash offers. My buyer went just $1100 over the list price and got the house.

Last, be prepared to find defects in the house. People who are underwater in their homes or loose their homes to foreclosure do not have money to do repairs. These properties are sold “as is” and the repairs fall to the buyer. Again, get a good home inspection. These offers are still made subject to a home inspection contingency. So if you find something really bad, you can get out of the deal.

There really are buying opportunities out there right now. I hope this gives you some perspective on how you might make the most of the situation.
Dianne

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Market Activity May 7-13, 2012

Last week 23 new listings came onto the market, 21 homes went pending, and 7 sales closed and recorded.

New Listings

4619 Lakeview Blvd, condo, $79,000, 1 BR, 1 Bth, 753SF

3958 Carman Dr, condo, $134,900, 2 BR, 2.5 Bths, 1133SF

4868 Lakeview Blvd, detached, $219,000, 2 BR, 1 Bth, 800SF

15155 Glen Eagles Ct, detached, $234,500, 3 BR, 2.5 Bths, 2300SF

109 Kingsgate Rd, detached, $240,000, 3 BR, 2 Bths, 1388SF

1053 Hallinan St, detached, $300,000, 3 BR, 2.5 Bths, 1944SF

836 Clara Ct, detached, $409,000, 4 BR, 2.5 Bths, 2048SF

2794 Cedar Rd, detached, $417,000, 4 BR, 2.5 Bths, 2500SF

2794 Vale Ct, detached, $438,000, 3 BR, 2.5 Bths, 2970SF

16014 SW Parker Rd, detached, $567,950, 5 BR, 3 Bths, 2277SF

17479 Brookhurst Dr, detached, $600,000, 4 BR, 2.5 Bths, 3551 SF

2415 Park Dr, detached, $619,000, 3 BR, 2.5 Bths, 2163SF

12870 Elk Rock Rd, detached, $750,000, 3 BR, 2 Bths, 2542SF

1985 Country Club Rd, detached, $760,000, 5 BR, 4Bths, 3630SF

1896 Palisades Lake Ct, detached, $767,500, 4 BR, 3 Bths, 3476SF

1267 Cherry Ln, detached, $784,000, 3 BR, 2 Bths, 3311SF

1273 Wells St, detached, $799,900, 4 BR, 3 Bths, 4000SF

1033 Northshore Rd, detached, $819,000, 3 BR, 2 Bths, 2976SF

18977 Barton Rd, detached, $840,000, 4 BR, 4.5 Bths, 5076SF

17411 Bergis Farm Dr, detached, $882,500, 4 BR, 3.5 Bths, 4282SF

17618 Lake Haven Dr, detached, $1,595,000, 6 BR, 4 Bths, 4471SF

1607 Lake Front Rd, detached, $1,895,000, 4 BR, 4 Bths, 4012SF

3142 Lakeview Blvd, detached, $4,250,000, 4 BR, 5 Bths, 5554SF

Pending Sales

89 Galen ST #89, condo, $40,500, 1 BR, 1 Bth, 575SF, 42 DOM

100 Kerr Pkwy #28, condo, $72,000, 2 BR, 1.5 Bths, 860SF, 2 DOM

313 Cervantes, condo, $120,000, 2 BR, 2 Bths, 1209SF, 61 DOM

5060 Foothills Dr E, condo, $239,900, 2 BR, 2 Bths, 1252SF, 90 DOM

5695 Burma, detached, $250,000, 4 BR, 2.5 Bths, 1934 SF, 15 DOM

18680 Wood Duck Way, detached, $265,200, 3 BR, 2 Bths, 1784 SF, 18 DOM

8 Polonius St, detached, $270,000, 3 BR, 2 Bths, 1729SF, 214 DOM

59 Condolea Terr., condo, $295,000, 3 BR, 3 Bths, 2198SF, 1 DOM

5266 Charleton Ct, detached, $299,500, 3 BR, 2 Bths, 2063SF, 9 DOM

186 D Ave, attached, $299,900, 3 BR, 2.5 Bths, 1636SF, 201 DOM

19201 Maree Ct, detached, $334,900, 3 BR, 3 Bths, 3739SF, 141 DOM

2681 Greentree Rd, detached, $349,900, 4 BR, 3 Bths, 2291SF, 361 DOM

1872 Kilkenny Dr, detached, $379,900, 5 BR, 3 Bths, 2748 SF, 302 DOM

1934 Wembly Place, detached, $384,900, 4 BR, 2.5 Bths, 2321SF, 2 DOM

1690 Fircrest Ct, detached, $419,900, 3 BR, 3.5 Bths, 2718SF, 28 DOM

17157 Blue Heron Rd, detached, $525,000, 5 BR, 3 Bths, 2799SF, 536 DOM

13219 Deerfield Ct, detached, $799,900, 4 BR, 3.5 Bths, 3915SF, 22 DOM

2311 Oswego Glen Ct, detached, $839,000, 4 BR, 4 Bths, 4529SF, 474 DOM

16655 Maple Circle, detached, $995,000, 2 BR, 2 Bths, 2030SF, 81 DOM

951 Atwater Rd, detached, $1,645,000, 6 BR, 5.5 Bths, 7582SF, 7 DOM

2936 Lakeview Blvd, detached, $1,895,000, 5 BR, 3.5 Bths, 4179SF, 17 DOM

Closed Sales

112 Greenridge Ct, attached, original price $219,900, closed price $188,000, 2 BR, 3 Bths, 77 CDOM

1442 Ash St, detached, original price $250,000, closed price $230,000, 3 BR, 2 Bths, 21 CDOM

2834 Glenmorrie Dr, detached, original price $499,000, closed price $355,000, 3 BR, 2.5 Bths, 213 CDOM

13020 Princeton Ct, detached, original price $457,000, closed price $392,000, 4 BR, 2.5 Bths, 308 CDOM

486 Livingood Ln, detached, original price $459,000, closed price $430,000, 4 BR, 3.5 Bths, 53 CDOM

1427 Horseshoe Curve, detached, original price $879,000, closed price $800,000, 2 BR, 2 Bths, 240 CDOM

15905 Oswego Shore Ct, detached, original price $1,495,000, closed price $1,400,000, 3 BR, 3.5 Bths, 17 CDOM

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Distressed Properties

The RMLS recently provided this graph to Realtors and I found it interesting. It occurred to me that you might as well.

It clearly shows that while distressed sales make up 17.2% percent of the new listings, they make up nearly 29% of the closed sales. Of that the shortsales are pretty consistent being 15% of the new listings and 13% of the closed sales. Whereas the foreclosures are just 13.2% of the new listing but account for 25.6% of the closed sales.

I do think that the banks are throwing houses out onto the market at pretty rock bottom prices. I’ve seen a few houses lately, priced so low, that half a dozen offers get written within days. Then the bank takes a week to respond and even more offers get written. This is a very negative thing for surrounding property values. What I am describing here is happening in much greater numbers outside of Lake Oswego, but I’ve seen some of it here as well.

The other interesting characteristic on this graph is the non-distressed properties. They represent 71.2 % of the new listings, but 61.1% of the closed sales. That 10% difference? I think that’s over-priced housing that has not adjusted to the reality of the current market.

I’ll work to find a happier subject for my next editiorial post, but I did find these graphs both useful and interesting.
Dianne

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Market Activity ~ April 30 – May 6, 2012

There were 19 New properties entering the market, 18 in Pending status, and 14 marked as Sold during the last week. See below for further details:

NEWLY LISTED (April 30-May 6, 2012)

Address List Price # Beds # Baths Total SF Prop Type
49 OSWEGO SMT $89,500.00 1 1 721 CONDO
15471 BRIANNE CT $234,900.00 2 2.1 1204 CONDO
5195 FIRWOOD RD $251,000.00 5 2 1886 DETACHD
18444 TUALATA AVE $299,000.00 3 2 1192 DETACHD
5266 CHARLETON CT $299,500.00 3 2 2063 DETACHD
1180 OXFORD DR $319,900.00 3 3 1760 DETACHD
13125 VERMEER DR $342,500.00 4 2.1 2046 DETACHD
19101 INDIAN CREEK AVE $405,000.00 2 2 3259 DETACHD
71 TANGLEWOOD DR $424,900.00 3 3 2616 DETACHD
5453 WILLOW CT $425,000.00 3 2.1 2446 ATTACHD
475 COUNTRY CLUB CT $439,000.00 3 2.1 1705 DETACHD
355 6TH ST $549,900.00 3 3.1 2362 ATTACHD
108 3RD ST $625,000.00 1 1 1017 DETACHD
13366 BOONES FERRY LANE $775,000.00 4 2.1 3614 DETACHD
17154 LOWENBERG TER $789,950.00 5 3.1 3514 DETACHD
3600 Southshore BLVD $859,000.00 3 2.1 2117 DETACHD
13900 GOODALL RD $1,200,000.00 4 3.1 4282 DETACHD
1968 CHERYL CT $1,375,000.00 4 4.3 6153 DETACHD
1972 CHERYL CT $1,900,000.00 5 4.1 6952 DETACHD

PENDING SALES (April 30-May 6, 2012)

Address List Price # Beds # Baths Total SF Prop Type CDOM
360 CERVANTES CIR $84,900 2 1 832 CONDO 86
45 EAGLE CREST DR #514 $179,900 1 1.1 1046 CONDO 277
5000 CARMAN DR $274,950 3 2.1 2010 DETACHD 4
3582 LAKE GROVE AVE $279,900 3 2 1207 DETACHD 26
16834 CHERRY CREST AVE $301,100 4 2.1 2598 DETACHD 100
2101 RIDGEWOOD RD $319,000 3 2.1 2114 DETACHD 0
517 LAUREL ST $319,000 4 2.1 2834 DETACHD 28
1700 MEADOWS DR $415,000 3 3 2465 DETACHD 372
5081 GREENSBOROUGH CT $428,500 5 2.1 2142 DETACHD 1
211 EVERGREEN RD $457,500 3 3.1 1936 ATTACHD 9
5975 NEWCASTLE DR $499,000 3 2.1 3339 DETACHD 82
18220 BICKEL CT $499,000 4 3 1800 DETACHD 1109
2 SIBELIUS CT $559,900 5 2.2 3875 DETACHD 2
2150 HILLSIDE CT $590,000 4 3 3718 DETACHD 60
17601 WOODHURST PL $625,000 3 2.1 3272 DETACHD 218
17406 BROOKHURST DR $649,900 5 3.1 3775 DETACHD 211
217 5TH ST $699,000 3 2.1 2097 DETACHD 20
2735 GLEN EAGLES RD $985,000 4 3.1 2950 DETACHD 7

SOLD (April 30-May 6, 2012)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
16250 PACIFIC HWY 51 $55,125 1 1 841 CONDO 106
4640 LOWER DR B2 $139,900 $94,615 2 1.1 1225 CONDO 351
226 RIDGEWAY RD $149,900 $104,200 1 1 756 CONDO 366
4000 CARMAN DR 43 $123,500 $123,500 2 2 869 CONDO 8
4000 CARMAN DR 38 $123,500 $123,500 2 2 869 CONDO 13
5467 KENNY ST $169,000 $170,000 3 1 960 DETACHD 13
18 CONDOLEA DR $195,000 $195,000 2 2 1448 CONDO 7
532 2ND ST 15 $269,900 $234,900 2 2.1 1394 CONDO 111
6263 SW CHILDS RD $249,900 $249,900 3 2 1600 DETACHD 154
1033 Yates $459,900 $455,000 4 3.1 2889 DETACHD
3240 WESTVIEW CT $500,000 $457,000 4 3.1 3121 DETACHD 350
33 WESTRIDGE DR $489,800 $462,500 5 3.1 3864 DETACHD 209
15566 VILLAGE PARK CT $695,000 $595,000 5 3.1 4692 DETACHD 556
17970 ROYCE WAY $800,000 $750,000 5 4.2 5226 DETACHD 12

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 for April 23-29, 2012

Last week we had 17 homes come onto the market, 16 homes became pending sales, and 9 closed sales.

See below for further details.

New Listings

47 Eagle Crest Dr, condo, $68,900, 3 BR, 1 Bth, 1024 SF

316 Cervantes Circle, codno, $75,000, 2 BR, 1 Bth, 832 SF

668 McVey Ave #34, condo, $149,000, 1 BR, 1 Bth, 636 SF

3787 Lanewood St, detached, $279,000, 3 BR, 2 Bths, 1300 SF

5695 Burma Rd, detached, $279,000, 4 BR, 2.5 Bths, 1934 SF

5065 Firwood Rd, detached, $345,000, 4 BR, 3 Bths, 2664 SF

12510 SW 27th Pl, detached, $349,900, 4 BR, 3 Bths, 2482 SF

4750 Auburn Ln, attached, $399,500, 3 BR, 3.5 Bths, 2679 SF

211 Evergreen Rd, attached, $457,500, 3 BR, 3.5 Bths, 1936 SF

8 Partridge Ln, detached, $469,900, 4 BR, 2.5 Bths, 3289 SF

421 Livingood Ln, detached, $475,000, 4 BR, 3.5 Bths, 2747 SF

197 Furnace ST, condo, $530,000, 2 BR, 2.5 Bths, 2091 Sf

2358 Hillside Ln, detached, $539,900, 4 BR, 3.5 Bths, 3006 SF

16198 Nola Ct, detached, $575,000, 4 BR, 2.5 Bths, 2425 SF

16758 Mellon Ave, detached, $585,000, 4 BR, 2.5 Bths, 2618 SF

6484 McDuff Ct, detached, $669,000, 4 BR, 4 Bths, 3238 SF

877 Cornell St, detached, $699,900, 3 BR, 3 Bths, 3100 SF

2735 Glen Eagles, detached, $985,000, 4 BR, 3.5 Bths, 2950 SF

Pending Sales

236 Ridgeway Rd, condo, $150,000, 2 BR, 1 Bth, 90 DOM

23 Bloch Terrace, attached, $195,000, 2 BR, 2 Bths, 86 DOM

14863 Twin Fir Ct, detached, $232,900, 3 BR, 2 Bths, 20 DOM

5670 Fernbrook Way, detached, $249,900, 3 BR, 2 Bths, 32 DOM

1421 Laburnum Way, detached, $259,900, 3 BR, 2.5 Bths, 4 DOM

4161 Cobb Way, detached, $324,800, 4 BR, 2 Bths, 4 DOM

5670 Childs Rd, detached, $329,999, 4 BR, 2.5 Bths, 38 DOM

1639 Worthington ST, detached, $338,000, 4 BR, 3 Bths, 14 DOM

2084 Ridgewood Rd, detached, $378,600, 3 BR, 2.5 Bths, 19 DOM

2631 Orchard Hill Pl, detached, $379,000, 4 BR, 2.5 Bths, 50 DOM

919 Cumberland Rd, detached, $425,000, 4 BR, 3 Bths, 359 DOM

17415 Upper Cherry Ln, detached, $479,000, 4 BR, 3.5 Bths, 67 DOM

5415 Bay Creek Dr, detached, $499,900, 4 BR, 2.5 Bths, 11 DOM

1708 Oak St, detached, $599,000, 4 BR, 2.5 Bths, 316 DOM

2780 Dellwood Dr, detached, $625,000, 4 BR, 3.5+.5 Bths, 2 DOM

3115 Douglas Circle, detached, $1,249,000, 4 BR, 4.5+.5 Bths, 4 DOM

Closed Sales

4629 Lakeview Blvd C2, condo, original price $87,400, closed price $87,400, 2 BR, 2 Bths, 183 CDOM

24 Walking Woods Dr, detached, original price $282,000, closed price $285,000, 3 BR, 2.5 Bths, 13 CDOM

17040 Fernwood Dr, detached, original price $369,000, closed price $299,000, 3 BR, 2 Bths, 207 CDOM

6 Preakness Ct, attached, original price $359,000, closed price $310,000, 3 BR, 2.5 Bths, 561 CDOM

1278 Hida A Way Ln, detached, original price $350,000, closed price $360,000, 4 BR, 2.5 Bths, 191 CDOM

4583 Trillium Woods Lot13, attached, original price $416,200, closed price $417,170, 3 BR, 2.5 Bths, 46 CDOM

4120 Southshore Blvd, detached, original price $525,000, closed price $517,500, 3 BR, 2 Bths, 185 CDOM

1300 Tyndall Ct, detached, original price $675,000, closed price $665,000, 5 BR, 4.5 Bths, 231 CDOM

1644 Leslie Ln, detached, original price $1,350,000, closed price $1,315,000, 4 BR, 3.5+.5 Bths, 4 CDOM

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings

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Open Houses 4/29/12

It’s supposed to be nice weekend: a perfect chance to go out and see one of these 29 open houses:

204 Ridgeway RD, condo, $109,000, 1 BR, 1 Bth, open 1 to 4

112 Greenridge Ct, attached, $219,900, 2 BR, 3 Bths, open 1 to 3

5880 Rockwood Ct, detached, $269,000, 3 BR, 2 Bths, open 1 to 4

17653 Mardee Ave, detached, $274,900, 3 BR, 2 Bths, open 1 to 3

5695 Burma Rd, detached, $279,000, 4 BR, 2.5 Bths, open 1 to 4

960 Capilano Ct, detached, $325,000, 4 BR, 3 Bths, open 1 to 3:30

5206 Royal Oaks Dr, detached, $379,900, 5 BR, 3.5 Bths, open 2 to 4

5537 Kilchurn Ave, detached, $489,900, 4 BR, 2.5 Bths, open 2 to 4

5947 Meadowcreek Ct, detached, $495,000, 4 BR, 2.5 Bths, open 2 to 4

15225 Candlewood Ct, detached, $499,000, 4 BR, 2.5 Bths, open 1 to 3

5542 Dunmire Dr, detached, $529,900, 4 BR, 2.5 Bths, open 11 to 4

7 Mountain View Ln, detached, $535,000, 5 BR, 2.5 Bths, open 1 to 4

29 Spinosa, detached, $549,000, 3 BR, 2.5+.5 Bths, open 1 to 3

4011 Coho Ln, detached, $550,000, 3 BR, 2.5 Bths, open 1 to 3

4626 Chelsea Ln, detached, $574,900, 4 BR, 2.5 Bths, open 12:30 to 2:30

4076 Coltsfoot Ln, detached, $589,900, 4 BR, 3.5 Bths, open 2 to 4

1708 Oak St, detached, $599,000, 4 BR, 2.5 Bths, open 1 to 3

16751 Alder Circle, detached, $599,000, 4 BR, 2.5+.5 Bths, open 1 to 4

217 5th St, detached, $699,000, 3 BR, 2.5 Bths, open 1 to 4

720 Maple St, detached, $799,900, 3 BR, 2.5 Bths, open 12 to 2

18231 Siena Dr, detached, $994,000, 4 BR, 3.5 Bths, open 1 to 3

18132 Siena Dr, detached, $1,125,000, 4 BR, 3.5 Bths, open 1 to 3

18202 Bella Terra Dr, detached, $1,145,000, 4 BR, 3.5 Bths, open 1 to 3

18253 Siena Dr, detached, $1,149,000, 5 BR, 4 Bths, open 1 to 3

18110 Siena Dr, detached, $1,198,950, 4 BR, 3.5 Bths, open 1 to 3

13744 Knaus Rd, detached, $1,199,000, 5 BR, 5 Bths, open 12 to 3

14536 Pfeifer Dr, detached, $1,200,000, 3 BR, 3.5 Bths, open 1 to 4

4033 Westbay Rd, detached, $1,295,000, 4 BR, 3.5 Bths, open 12 to 3

1677 Leslie Ln, detached, $1,999,999, 4 BR, 6.5 Bths, open 1 to 4

Posted on

Market Activity ~ April 16-22, 2012

Great week! There were 18 New properties entering the market, 18 in Pending status, and 17 marked as Sold during the last week. See below for further details:

NEWLY LISTED (April 16-22, 2012)

Address List Price # Beds # Baths Total SF Prop Type
200 RIDGEWAY RD $159,900 2 1 988 CONDO
6924 MONTAUK CIR $179,900 3 2 1092 CONDO
15964 PARKER RD $249,900 3 1.1 1272 DETACHD
5670 FERNBROOK WAY $249,900 3 2 1631 DETACHD
18793 BENFIELD AVE $275,000 3 2 1915 DETACHD
1674 LARCH ST $300,000 3 2.1 1794 DETACHD
5670 CHILDS RD $329,999 3 2.1 2298 DETACHD
4513 OAKRIDGE RD LOT 30 $383,930 3 2.1 1835 ATTACHD
4522 TRILLIUM WOODS LOT 24 $388,990 3 2.1 1835 ATTACHD
4515 OAKRIDGE RD LOT 31 $409,330 3 2.1 1927 ATTACHD
4524 TRILLIUM WOODS LOT 25 $426,440 3 2.1 2092 ATTACHD
629 IRON MOUNTAIN BLVD $625,000 3 2 1966 DETACHD
816 9TH ST $650,000 4 3 3033 DETACHD
17930 BLUE HERON DR $799,000 4 4.1 5069 DETACHD
19575 35TH CT $997,000 4 3 4181 DETACHD
777 NORTHSHORE RD $1,295,000 3 2.1 3960 DETACHD
19555 35TH CT $1,349,000 6 4 5688 DETACHD
399 Furnace ST $2,150,000 3 3.1 3634 ATTACHD

PENDING SALES (April 16-22, 2012)

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Address List Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #42 $56,200 2 1 932 CONDO 36
1 CRESTFIELD CT $59,950 1 1 689 CONDO 19
86 KINGSGATE RD $80,800 2 2 924 ATTACHD 33
76 OSWEGO SMT $85,000 2 2 1212 CONDO 77
4 TOUCHSTONE #135 $119,900 3 1.1 1351 CONDO 63
51 ORIOLE LN $176,950 3 2 1216 DETACHD 119
1095 CORNELL ST $194,500 2 1 1416 DETACHD 583
1764 CONIFER DR $260,000 3 1 1200 DETACHD 211
20 PREAKNESS CT $279,000 3 0.2 1790 ATTACHD 8
15430 STEPHANIE CT $284,900 3 2.1 1662 ATTACHD 13
1520 ASH ST $299,900 2 1 1200 DETACHD 7
4991 centerwood ST $299,900 4 3.1 2286 DETACHD 152
19061 INDIAN SPRINGS RD $349,900 4 3 2341 DETACHD 139
4573 OAKRIDGE RD Lot 33 $374,900 3 2.1 1835 ATTACHD 162
4524 TRILLIUM WOODS Lot 25 $426,440 3 2.1 2092 ATTACHD 27
19198 OLSON AVE $524,900 4 2.1 2881 DETACHD 16
14231 DOLPH CT $629,900 3 2 2630 DETACHD 326
3119 Wembley Park RD $895,000 4 3.1 3628 DETACHD 178

SOLD (April 16-22, 2012)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
247 CERVANTES $161,200 $105,000 2 2 1384 CONDO 176
45 EAGLE CREST DR $144,900 $111,900 2 2 1046 CONDO 113
5875 KENNY ST $169,000 $177,500 3 1 1000 DETACHD 2
660 HEMLOCK ST $275,000 $269,900 3 1.1 1648 DETACHD 252
2491 OVERLOOK DR $299,900 $287,900 5 3 3250 DETACHD 5
14 NORTHVIEW CT $389,000 $369,500 4 3.1 3279 ATTACHD 264
4 INDEPENDENCE AVE $450,000 $375,000 4 3.1 3482 DETACHD 152
5490 ROYAL OAKS DR $389,000 $384,940 3 2 1761 DETACHD 5
4571 OAKRIDGE RD Lot 32 $419,680 $408,440 3 2.1 2092 ATTACHD 125
4581 TRILLIUM WOODS Lot 14 $437,840 $437,840 3 2.1 2211 ATTACHD 0
5652 YORKSHIRE CT $454,900 $480,000 4 2.1 3107 DETACHD 18
625 4TH ST $559,000 $505,000 4 3 2254 DETACHD 65
5515 DUNMIRE DR $519,900 $529,900 5 3 3287 DETACHD 314
872 COUNTRY COMMONS $599,000 $550,000 4 2.1 2800 DETACHD 123
575 2ND ST $659,000 $654,500 2 2.1 1752 CONDO 5
15564 VILLAGE DR $749,000 $700,000 3 2.1 3249 DETACHD 176
755 6TH ST $825,000 $845,000 4 3.1 3973 DETACHD 1555

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

Posted on

News & Notes

Here are some Market Notes for You~

According to the just-released RMLS Market Action Report for March 2012, the combined area of Lake Oswego and West Linn  reported:

  • 613 Active Listings
  • 205 New Listings
  • 117 Pending Sales
  • 84 Closed Sales
  • An average Sale Price of $373,200.
  • Average Time on the Market: 152 Days

Also:

For the Portland Metro Area…………….

  • March 2012: Combination of fewer new listings & more closed sales = lowest unsold inventory since June 2007
  • 1st quarter 2012 as compared to 2011 shows increase of 12.2% in Closed Sales
  • 1st quarter 2012 as compared to 2011 shows increase of 18.2% in Pending Sales
  • 1st quarter 2012 as compared to 2011 shows decrease of 12% in New Listings
  • If you compare March to the previous month of February 2012, Closed Sales grew by 34.2%,
Posted on

Market Activity 4/9 to 4/15, 2012

It was a busy week in Lake Oswego real estate last week with 18 new listings, 27 pending sales, and 17 closed sales. It feels like spring!

New Listings

55 Oswego Summit, condo, $74,888, 1 BR, 1 Bth, 721 SF

20 Preakness Ct, Attached, $279,000, 3 BR, 2 Bths, 1790 SF

5880 Rockwood Ct, Detached, $280,000, 3 BR, 2 Bths, 1772 SF

1520 Ash St, Detached, $299,900, 2 BR, 1 Bth, 1200 SF

1639 Worthington St, Detached, $338,000, 4 BR, 3 Bths, 1920 SF

1871 Kilkenny Dr, Detached, $349,900, 5 BR, 2.5 Bths, 3086 SF

524 Country Club Rd, Detached, $389,900, 3 BR, 2 Bths, 2168 SF

1690 Fircrest Ct, Detached, $429,900, 3 BR, 3.5 Bths, 2718 SF

15225 Candlewood Ct, Detached, $499,000, 4 BR, 2.5 Bths, 2758 SF

5415 Bay Creek Dr, Detached, $499,900, 4 BR, 2.5 Bths, 2827 SF

4336 Glacier Lily St, Detached, $524,950, 4 BR, 2.5 Bths, 3381 SF

16751 Alder Circle, Detached, $599,000, 4 BR, 2.5+.5 Bths, 2328 SF

14136 Heathrow Ln, Detached, $629,000, 3 BR, 2.5 Bths, 2955 SF

17980 Meadowlark Ln, Detached, $689,000, 3 BR, 2.5 Bths, 3252 SF

217 5th St, Detached, $699,000, 3 BR, 2.5 Bths, 2097 SF

1918 Indian Trail, Detached, $719,000, 3 BR, 3 Bths, 3090 SF

1107 Yates St, Detached, $774,900, 2 BR, 1 Bth, 1222 SF

16847 Greenbriar Rd, Detached, $1,495,000, 3 BR, 2.5+.5 Bths, 2315 SF

Pending Sales

89 Galen St #89, condo, $45,000, 1 BR, 1 Bth, 575 SF, 13 DOM

168 Oswego Summit B23, condo, $119,000, 2 BR, 2 Bth, 1383 SF, 322 DOM

5467 Kenny St, detached, $169,000, 3 BR, 1 Bth, 960 SF, 13 DOM

4214 Woodside Circle, attached, $169,900, 3 BR, 2.5 Bth, 1841 SF, 154 DOM

5055 Foothills Dr H, condo, $180,000, 2 BR, 2 Bth, 1252 SF, 134 DOM

19010 Longfellow Ave, detached, $186,900, 3 BR, 1 Bth, 1232 SF, 24 DOM

5670 Fernbrook Way, detached, $249,900, 3 BR, 2 Bths, 1631 SF, 20 DOM

16546 Bonaire Ave, detached, $255,000, 3 BR, 1 Bth, 1064 SF, 1 DOM

55 Northshore Rd #8, attached, $279,000, 1 BR, 1 Bth, 1574 SF, 234 DOM

720 Pebble Beach Ct, detached, $335,000, 4 BR, 2.5 Bths, 1957 SF, 12 DOM

1238 Hemlock St, detached, $359,000, 3 BR, 2 Bths, 1548 SF, 220 DOM

2834 Glenmorrie Dr, Detached, $379,000, 3 BR, 2.5 Bths, 2459 SF, 213 DOM

8 Camelot Ct, detached, $389,000, 5 BR, 3 Bths, 3084 SF, 255 DOM

460 Boca Ratan Dr, detached, $399,000, 4 BR, 3 Bths, 2368 SF, 958 DOM

4 Hillshire Dr, detached, $409,000, 4 BR, 2.5+.5 Bths, 3084 SF, 210 DOM

9 Spinosa, detached, $425,000, 2 BR, 2.5 Bths, 2250 SF, 39 DOM

201 Ridgeway Rd, detached, $429,000, 2 BR, 1 Bth, 2377 SF, 615 DOM

2357 Hillside Ln, detached, $439,900, 5 BR, 3 Bths, 4162 SF, 45 DOM

4861 Hastings Dr, detached, $470,000, 3 BR, 2.5 Bths, 2320 SF, 3 DOM

9 Westminster DR, detached, $475,000, 5 BR, 3 Bths, 3814 SF, 0 DOM

13849 Melrose PL, detached, $485,000, 3 BR, 2.5 Bths, 2916 SF, 56 DOM

555 Atwater Rd, detached, $599,000, 5 BR, 3 Bths, 4016 SF, 459 DOM

16253 White Oak Dr, detached, $599,999, 5 BR, 3 Bths, 3689 SF, 35 DOM

4103 Casey Ct, detached, $659,900, 4 BR, 2.5 Bths, 3309 SF, 9 DOM

13575 Goodall Rd, detached, $950,000, 4 BR. 5.5 Bths, 4271 SF, 1082 DOM

17399 Canal Circle, detached, $1,525,000, 4 BR, 3.5 Bths, 4442 SF, 35 DOM

Closed Sales

3834 Botticelli St, attached, original price $129,900, closed price $128,500, 2 BR, 2 Bths 25 CDOM

5063 Foothills Dr C, condo, original price $159,900, closed price $140,200, 2 BR, 2 Bths, 107 CDOM

5225 Jean Rd #511, condo, original price $156,000, closed price $148,000, 2 BR, 2 Bths, 83 CDOM

3652 Spring Ln 4F, condo, original price $159,900, closed price, $152,000, 2 BR, 2 Bths, 63 CDOM

58 Greenridge Ct, attached, original price $256,900, closed price $169,000, 3 BR, 2.5+.5 Bths, 51 CDOM

13594 Blazer Trail, detached, original price $350,000, closed price $283,000, 3 BR, 2 Bths, 298 CDOM

5011 Rosewood St, detached, original price $395,000, closed price $315,000, 4 BR, 2 Bths, 123 CDOM

1590 Larch St, detached, original price $365,000, closed price $350,000, 6 BR, 2.5 Bths, 113 CDOM

4585 Trillium Woods Lot 12, attached, original price $405,990, closed price $405,990, 3 BR, 2.5 Bths, 0 CDOM

4525 Trillium Woods Lot 16, detached, original price $409,900, closed price $410,000, 3 BR, 2.5 Bths, 65 CDOM

18034 Westview Dr, detached, original price $430,000, closed price $423,000, 4 BR, 2.5 Bths, 10 CDOM

17930 Meadowlark Ln, detached, original price $525,000, closed price $470,000, 4 BR, 4 Bths, 799 CDOM

13254 Fielding Rd, detached, original price $567,000, closed price $480,000, 3 BR, 2.5 Bths, 159 CDOM

4587 Trillium Woods, Lot 11, attached, original price $489,097, closed price $497,049, 3 BR, 2.5 Bths, 0 CDOM

17802 Marylcreek Dr, detached, original price $509,000, closed price $530,000, 4 BR, 4 Bths, 16 CDOM

16827 Scott Ct, detached, original price $829,000, closed price $715,000, 4 BR, 3.5 Bths, 256 CDOM

215 Chandler Pl, detached, original price $875,000, closed price $825,000, 3 BR, 2.5 Bths, 14 CDOM

strong>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