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 |
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
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