Open Houses for Sunday, January 4th, 2009

The holidays are behind us, the snow has melted, and it’s time to get back into the saddle. Here are this weekend’s open houses that are being promoted on the RMLS. All are being held open on Sunday the 4th.

12868 Boones Ferry Rd, a townhouse, $295,000, 2 bedrooms, 2.5 baths, open 1-3

5807 Ridgetop Ct, a house, $539,900, 5 BR, 2.5 Baths, open 1-4

624 Livingood Ln, a house, $574,900, 4 BR, 3 Baths, open 1-3

17512 Greenbluff Lot 1, a house, $1,425,000, 4 BR, 4 Baths, open 1-4

17554 Greenbluff Lot 2, a house, $1,850,000, 4 BR, 4 full + 4 half Baths, open 1-4

Have a great weekend.

Attitude is Everything

You may have noticed that both Linda and I tend to approach our careers in real estate with a pretty positive attitude. We share a world-view that allows for positive outcomes. I don’t know about Linda, but I do know that I have received criticism for maintaining this perspective while so much that is going on in the world, particularly in the current economy, is just so terrible. Because we are beginning a New Year, and I intend for 2009 to be a great year, I thought this would be a good time to share with you where I learned my positive attitude.

For those of you who know me, you also know that my mom was a Realtor before me. She was my mentor and role model not just in life, but also as a Realtor. And she is the one who taught me to have a positive attitude. She taught it by example. Her story is really quite remarkable.

My mom, Audrey Slater, was 24 years old the summer of 1954. She lived here in Lake Oswego and was the mother of a young child. She was one of 8 people who were residents of Lake Oswego who contracted polio that summer. For such a small town, it was considered to be an epidemic. 3 of those 8 people died. My mom was one of the lucky ones. She wasn’t killed by it. But she was paralyzed from the chest down. At that time there was no vaccine to prevent polio and there was no proven treatment. Fortunately she was well cared for. The nurses and doctors wrapped her in hot, wet, wool blankets and regularly moved her to help prevent muscle atrophy. When she recovered her future was uncertain. She was told she could quite possibly never walk again. She absolutely refused to accept that possibility. She spent the next several years of her life regaining her strength and learning to walk all over again. She went from her bed to a wheel chair and then to crutches and finally to walking on her own. She went on to be the mother of 3 additional children, including me. I clearly remember her overcoming many challenges that being a polio survivor brought, and foremost in my mind I remember her on-going insistence on maintaining a positive attitude.

This was the era of Norman Vincent Peale. The author of “The Power of Positive Thinking”, he spread a message of hope and good living through books, letters, and his work with people.

My mom took it to heart. She used it to overcome so much. Today, after raising a family and being a very successful Realtor here in Lake Oswego for 28 years, she is such a fine example of a life well lived and a life that has been lived to its fullest, despite tremendous challenge.

Are these times hard? Sure they are. Do they amount to the sum of our human existence? Absolutely not. This is a moment in time: a moment in history. And, frankly, there is much to be hopeful and optimistic about. It is our challenge to choose how we approach the day. Are we going to make it a good day? Or are we going to surrender to negativity and allow it to become a bad day? Will we allow news reports to keep us from moving on with our lives? Will we allow fear to keep us from noticing all the good things about this point in time relating to real estate…like record-low interest rates and prices? I would argue that a positive mindset allows for more rational decision making when coupled with an assessment of the variables.

This does not mean that I am unwilling to be realistic about facts and the current economy. It does mean that I will approach the current market and find a way to make it work to my clients’ benefit, whenever possible. It also means that even when the situation is tough, I will pledge to handle it with grace and good humor.

Finally, I have a video I want to encourage you to watch. Think of it as a little New Year’s gift. This is a video of a man who has overcome adversity so far above and beyond anything that most can imagine. To view it, click here.

I would like to wish you a positive and prosperous New Year.

.

Snowapalooza 2008

I wrote a post about the rainy season in Oregon not too long ago, so I was trying to avoid writing something about the past ten day’s snowfall. I mean, don’t we have anything more significant to talk about than the weather? But this has gotten to be too big of a deal not to mention it.

Snowfall in the Portland area happens, but it is light and some years, rare. We get so little snow that it only takes and inch or two to shut down schools. Most years it is comical how easily people in the Portland area will use a dusting of snow to create a good excuse to take the day off and go sledding with the kids. And snow at Christmas, well that is nearly always wishful thinking. Be careful what you wish for….

In the past 10 days we have had about a foot of snow and half an inch of ice. It is amazing. The temperatures have been below freezing for days in a row. It feels more like North Dakota than Lake Oswego. Well, maybe 12 inches is baby stuff for someone from North Dakota, but for us, it’s truly an event. It’s Snowapalooza 2008.

I am posting several photos that were taken in my yard. I am also posting a photo of my 20 year-old son’s friends who showed up at my house early in the event for some midnight barbequing. Oh to be twenty and so enthusiastic!

Temperatures are supposed to get up into the 40’s and 50’s over the weekend. So this will all soon be just a memory. In the mean time we are living in a winter wonderland.

Market Activity Report for December 15-21, 2008

It’s Christmas, there is a foot of snow on the ground, and, yes, the market is slow. It is very typical that during the two weeks that kids are out of school and families are gathering, that the market creeps along. I believe the market will pick up when the holidays are over. In the mean time, here is your market activity report for December 15th to December 21st.

NEWLY LISTED (December 15 —December 21, 2008)

ADDRESS
LIST PRICE
# BEDS
# BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address List Price # Bedrm. # Baths Total SF Prop Type List Date
4 TOUCHSTONE $184,900 3 2.1 1,350 CONDO 12/18/2008
3190 DUNCAN DR $304,900 3 2.1 2,401 DETACHD 12/16/2008
17100 BRYANT RD $425,000 3 3 2,032 DETACHD 12/17/2008
4280 CHAPMAN WAY $469,000 3 2 1,947 DETACHD 12/15/2008
815 10TH ST $539,900 3 2 2,190 DETACHD 12/19/2008
4004 MELISSA DR $598,950 3 2.1 2,840 DETACHD 12/17/2008
12424 SW 22ND AVE $999,900 5 4.1 4,771 DETACHD 12/15/2008

PENDING SALES (December 15 —December 21, 2008)

ADDRESS
LIST PRICE
# BEDS
# BATHS
TOT. SQ FT
PROP TYPE
DOM
Address List Price # Bedrm #l Baths Total SF Prop Type List Date CDOM
4000 CARMAN DR $144,000 1 1 767 CONDO 10/30/2008 226
5142 ROSEWOOD ST $339,900 4 2.1 1,784 DETACHD 9/22/2008 232
1971 PARK FOREST AVE $549,000 4 2 2,180 DETACHD 12/8/2008 13
13915 SUNDELEAF DR $998,000 4 3.1 4,090 DETACHD 10/1/2008 797

SOLD (December 15—December 21, 2008)

ADDRESS ORIG. PRICE SALE PRICE
# BEDS
# BATHS
TOT. SQ FT
PROP TYPE
DOM
Address O/Price # Bedrm Total Baths Total SF Prop Type Close Price CDOM
4 TOUCHSTONE $124,900 2 2 984 CONDO $93,000 60
44 EAGLE CREST DR $154,900 3 2 1,085 CONDO $145,000 31
801 NORTHSHORE RD $879,900 4 3 2,144 DETACHD $925,000 6

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.

Open Houses for December 20th and 21st

I salute the brave Realtor who is hosting the only open house promoted for Lake Oswego on the RMLS this weekend:

41 Hillshire Dr, a detached home with 2670 square feet. Built in 1983, it has 4 bedrooms and 3 baths. it will be open this Sunday, December 21st, from 1:30 to 3:30.

Have a lovely weekend. Stay safe and enjoy the snow.

Code of Ethics

While having lunch with friends recently one woman was telling us about the difficulty she had with some of her co-workers. I guess there was a good deal of gossiping and even some back stabbing that went on behind people’s backs. My initial reaction to her story was dismay over her situation and then personal gratitude that I don’t work in such circumstances. And then it occurred to me why I don’t have that sort of work environment. It’s the code of ethics! As a Realtor, I must adhere to a code of ethics that requires fair dealings with other Realtors. I simply am not allowed to say bad things about them. It then occurred to me that the general public probably doesn’t know about the Realtor Code of Ethics. At this time of year, when our thoughts are turned to family, friends, and religious celebrations, it seems appropriate to tell you about the Code of Ethics.

In order to be a Realtor in the State of Oregon you must agree to adhere to the Code of Ethics. Both the Oregon Association of Realtors and the National Association of Realtors require abiding by the Code of Ethics. It is possible to be a real estate agent without being a Realtor, but it is not possible to be a Realtor without meeting the requirements of the Code of Ethics. A Realtor is required to take training on the Code of Ethics every 4 years to make certain that he or she remembers and is familiar with this code. What is it? In a nutshell, it pretty much boils down to the golden rule. Be fair and honest in all of your dealings with clients and with other Realtors, just as you want them to be fair and honest in their dealings with you.

The Code of Ethics is actually a rather beautiful document. The Preamble begins “Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization.” It is well written, well thought out, and something that can be applied to life as a whole. Besides the Preamble, there are 3 sections: Duties to Clients and Customers, Duties to the Public, and Duties to Realtors. Each section contains guidelines for fair and honest business practices, honesty in advertising, as well as professionalism and protection when dealing with the public. This code serves as a promise to the public that when dealing with a real estate agent that is a Realtor you can expect honest and ethical treatment in all of your dealings. How cool is that? Don’t you wish every profession had a Code of Ethics? I do.

Not all real estate agents are Realtors. So when choosing a professional to help you to buy or to sell a home, be certain to find out if they are a Realtor. If they have the Realtor designation, you can gain assurance that your transaction will be handled by someone who adheres to the Realtor Code of Ethics.

If you’d like to read the Code of Ethics, here is a link to the Portland Metropolitan Association of Realtors where a copy is available: click here.

Open Houses for December 13th and 14th

For the brave souls out there who are happy to venture forth in this weekend’s winter weather, there are several open houses for your holiday enjoyment.

On Saturday the 13th there is one open house:

3844 Botticelli, a townhouse with 1129 square feet, 2 bedrooms and 1 1/2 baths, priced at $237,500. It will be open from 1-3pm.

On Sunday the 14th, there are 6 open houses:

1265 Rockinghorse Lane, a home with 2402 square feet, 4 bedrooms and 3 baths, priced at $444,000. It will be open from 2-4pm.

3030 Westview Ct, a home with 3415 square feet, 4 bedrooms and 2 1/2 baths, priced at $959,000. It will be open from 12:30-2pm.

943 Atwater Rd, a home with 3874 square feet, 4 bedrooms and 2 1/2 baths, priced at $1,225,000. It will be open from 12-2pm.

17512 Greenblulff Lot 1, a home with 3777 square feet, 4 bedrooms and 4 baths, priced at $1,425,000. It will be open from 1-4pm.

16359 Chapin Way, a home with 4158 square feet, 4 bedrooms and 3 1/2 baths, priced at $1,439,000. It will be open from 1-4pm.

17554 Greenbluff Lot 2, a home with 5042 square feet, 4 bedrooms, 4 full baths and 2 half baths, priced at $1,850,000. It will be open from 1-4pm.

With rain and the chance of snow in this weekend’s forecast, we will hold positive thoughts of clear streets and safe driving for anyone who ventures out. For the rest of us, it’s time for hot chocolate in front of a blazing fire. Enjoy.

Market Activity for November 30th thru December 7th

Once again, thank you for your patience with our posting of the weekly activity report. We are still tweaking the set up for this posting. We know that there are quite a few people who look forward to seeing this and value your on-going patronage of the propertyblotter.

NEWLY LISTED (November 30 —December 7, 2008)

Address List Price # Bedrooms Total Baths Total SF Prop Type List Date
668 MCVEY AVE $144,000 1 1 627 CONDO 12/4/2008
3433 MCNARY PKWY $249,900 2 2.1 1,136 CONDO 12/4/2008
14431 SHERBROOK PL $349,950 4 3 2,605 DETACHD 12/2/2008
221 HIDALGO ST $399,000 3 2.1 2,628 DETACHD 12/3/2008
29 BECKET ST $399,950 3 2.1 2,288 DETACHD 12/4/2008
562 2ND ST $419,000 2 2.1 1,406 CONDO 12/7/2008
16913 Canal CIR $449,000 3 1.1 2,525 DETACHD 12/1/2008
1830 CLOVERLEAF RD $470,000 3 2 1,795 DETACHD 12/5/2008
101 3RD ST $474,900 3 2 1,447 CONDO 12/6/2008
11 BECKET ST $550,000 4 2.1 4,030 DETACHD 12/4/2008
7 CONDOLEA DR $599,900 3 3 2,388 CONDO 12/1/2008
13254 Twin Creek CT $689,000 4 2.1 3,470 DETACHD 12/1/2008
524 WEIDMAN CT $739,000 4 2.1 3,450 DETACHD 12/5/2008
426 7TH ST $778,950 4 2.1 2,902 DETACHD 12/5/2008
705 10TH ST $1,686,000 4 3.1 4,818 DETACHD 12/3/2008
13795 CAMEO CT $2,395,000 4 5.2 7,190 DETACHD 12/1/2008
13777 CAMEO CT $2,595,000 4 5.1 8,080 DETACHD 12/1/2008

PENDING SALES (November 30 —December 7, 2008)

ADDRESS LIST PRICE # BEDS # BATHS TOT. SQ FT PROP TYPE DOM
16250 PACIFIC HWY $228,850 2 2 1,324 CONDO 433
4211 WOODSIDE CIR $325,000 3 2 1,688 CONDO 439
1685 CLOVERLEAF RD $349,900 3 2.1 1,722 DETACHD 50
7050 CHILDS RD $398,000 2 2 1,693 DETACHD 552
5051 TUALATA LN $409,900 4 2 1,591 DETACHD 114
16750 PHANTOM BLUFF CT $485,000 3 3 2,267 DETACHD 288
13217 FOX RUN $550,000 4 3 2,706 DETACHD 160
1141 TROON RD $648,850 4 3 2,522 DETACHD 155
13581 GOODALL RD $650,000 3 2 1,220 DETACHD 455
3723 ELEANOR CT $724,950 4 2.1 2,736 DETACHD 145

SOLD (November 30—December 7, 2008)

Address O/Price Close Price # BR # Baths Total SF CDOM
68 WHEATHERSTONE CT $399,000 $312,500 4 3.1 2,465 299
1130 LAUREL ST $524,000 $420,000 4 2 2,800 86
4076 COLTSFOOT LN $680,000 $555,000 4 3.1 3,882 126
5384 Washington CT $769,900 $670,000 4 3.1 3,246 415
4378 ALBERT CIR $1,225,000 $805,000 3 3 3,735 263
104 3RD ST $1,050,000 $975,000 2 2 1,151 15
301 IRON MOUNTAIN BLVD $1,329,000 $1,150,000 4 3.2 3,004 136

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.

Selling or buying a home during the holidays

I am frequently asked if the winter, and specifically the holidays, are a good time to be selling or buying a home. My answer is yes. There are several advantages to selling or buying at this time of year.

First, a home that is warm and decorated for the holidays is extremely inviting. There is such a contrast from being outside and coming in. It really makes the home embrace the buyer. However, this means that you need to make that extra effort to create this experience. Keep the house heated properly. Homes where the heat is turned down, or even left off if the house is vacant, can actually be colder inside than out. When this happens both the buyer and the Realtor will be in a hurry to leave and get warmed up back in the car. Also, turn on every light in the house and open every curtain or blind. Buyers want a house that has lots of light. Because so many of our days are gray, it is important that you create the best light possible. I have recently shown several homes to clients that were great values and in great condition, but ruled out because they gave the impression of being too dark.

Be on top of the holiday decorations. They can enhance the look of the house, but don’t over do it and allow the house to look cluttered or small because it is filled with too much stuff. Also, take them down in a timely fashion.

There are several advantages to the quality of buyers who are out looking at this time of year. While there are fewer of them, those who are looking are serious. People are busy at the holidays so a person who is taking the time to look at houses is a person who really needs to move. In addition, many corporations have fiscal years that match the calendar year. This means that they are trying to move their transferring executives before December 31st. This is a great time of year to be marketing executive quality homes. (I’d would characterize those as being homes priced at $400,000 or greater).

What about buying at this time of year? I think there are four pretty strong advantages. 1) Interest rates are historically at their lowest in the winter. As the market picks up in the spring, interest rates trend up. 2) There aren’t many buyers looking so sellers will really jump through hoops for you. You may be the only game in town and they will work very hard to sell you their home. 3) If a house looks good in the winter, it is going to be spectacular in the summer. You can really get an idea of the actual house in terms of the light it has and the condition of the property. And 4) this is the time of year when a home inspector can most easily find water issues. If the basement leaks, you’ll more likely learn about it in the winter.

It is completely understandable if you feel like you want to get the holidays behind you before selling or buying a home. But if you do need to move, you have quite a few strong reasons why this time of year can work to your advantage.

Lake Oswego Real Estate Activity – November 24-30, 2008

Market activity typically slows down during the holidays and last weeks stats certainly reflect this.  Having said this, it is good to see that the market does have some activity.  7 new listings, 4 pendings and 4 closed sales happened last week.  While the market is slower, it is still very much happening.

NEWLY LISTED (November 24 —November 30, 2008)

ADDRESS
LIST PRICE
# BEDS
# BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
3433 MCNARY PKWY
$214,900
2
2
1,008
CONDO
11/27/08
3834 BOTTICELLI ST
$224,900
2
2
1,055
ATTACHD
11/24/08
600 TIPPECANOE CT
$439,800
3
2
1,812
DETACHD
11/24/08
1189 SUNNINGDALE CT
$724,000
3
2
2,056
DETACHD
11/26/08
51 HILLSHIRE DR
$849,900
3
2.2
4,306
DETACHD
11/25/08
1667 VILLAGE PARK LN
$899,900
6
3.1
4,743
DETACHD
11/24/08
1055 COUNTRY CLUB RD
$1,000,000
3
2
2,804
DETACHD
11/24/08

PENDING SALES (November 24 —November 30, 2008)

ADDRESS
LIST PRICE
# BEDS
# BATHS
TOT. SQ FT
PROP TYPE
DOM
668 McVey AVE
$144,850
0
1
485
CONDO
740
455 10TH ST
$473,950
2
2
2,284
DETACHD
180
17561 SHEPHERDS CT
$675,000
4
2.1
3,011
DETACHD
287
13010 KNAUS RD
$1,249,500
4
3.1
4,312
DETACHD
737

SOLD (November 17—November 23, 2008)

ADDRESS ORIG. PRICE SALE PRICE
# BEDS
# BATHS
TOT. SQ FT
PROP TYPE
DOM
4644 LOWER DR
$136,900
$129,000
2
1.1
1,170
CONDO
30
4000 CARMAN DR
$149,900
$135,000
2
2
869
CONDO
22
2435 PARK RD
$749,990
$480,000
4
3
2,940
DETACHD
302
16 NORTHVIEW CT
$599,900
$495,000
4
3.1
2,962
ATTACHD
419

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.