Author: Linda Rossi

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Lake Oswego Real Estate Activity Report – December 22-28, 2008

Lake Oswego saw two properties enter the market last week.  Feet of snow and ice may stop delivery companies and impair mall traffic the week of Christmas, but the real estate market moves forward! (albeit slightly)

One property went “Pending”, and we have no sales for the week.

Here is the latest Lake Oswego real estate market activity report (see below the tables for additional notes):

NEWLY LISTED (DECEMBER 22-28, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
12826 Boones Ferry RD 299900     2           2.1           1398       CONDO   12/23/2008
570 7TH ST                  739000    4           2.5           2528       DETACHD 12/23/2008

PENDING SALES (DECEMBER 22-28, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
1428 PINE ST 449000            3            3.1                 2738            DETACHD     782

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.

If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.

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Open Houses for Sunday, December 28th

Well, we still have lots of snow on the ground, but roads are generally passable thanks to some rain & melt-off. So… It’s Open House time!  You know those visiting relatives you’ve always wanted close by???  Pile them in the car on Sunday & take a tour.   Here is what’s on tap according to RMLS:

18530 Pilkington Road $319,000     3 Bd, 2 Ba,   Open 1-4

624 Livingood Lane      $574,900     4 Bd, 3Ba,    Open 1-3

16359 Chapin Way $1,439,000  4 Bd, 3 1/2 Ba,  Open 12:30-3:30

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Local Flavor + Holiday Wishes For You!

Wow! A newscaster said yesterday that we are experiencing the biggest snow event since 1964!  For those of you who tune in to the Blotter from out of state, I am attaching a few photos so that you can see what we are talking about. Dianne has posted some for your amusement as well. We usually focus on real estate pretty much exclusively in our Blog, but with this kind of excitement, we can’t resist giving you a little local flavor.

Real estate is happening in Lake Oswego however, as you can see from Monday’s Activity Report.  I experienced an inspection last week in a foot of snow… before it REALLY got going : )  But that is another story. For now… here’s what life in Lake Oswego has been like-

Main roads are kept pretty passable with mostly packed snow, and are sanded regularly (Oregon does not use salt), but side streets, especially hilly ones, are let’s say…  invigorating! Kids who have been out of school an extra week this Winter Break are sledding everywhere. Lots of folks have bagged their aspirations of mobility as evidenced by the feet of snow burying their cars on the sides of many roads.  Others who are able and so inclined have headed for Mt. Hood where skiing is incredible, and road crews are always ahead of the curve. Trees laden with snow and ice have released some of their burden in the form of limbs in yards and on roadsides. But hey… it’s pretty!

Christmas has taken on a completely different tone this year.  Instead of filling the malls, people gather in kitchens around batches of cookies. Fireplaces are the center of many homes where friends, family and a variety of hot beverages and toddies complete the picture.  The uptick in Internet shopping in the area has kept UPS busy all over! This year is definitely one we will never forget.

Dianne and I would like to take a moment to wish you the very best of the Holiday Season. Whether your beliefs are Christian, Jewish, Hindu, Muslim, Buddhist,+++ or you simply harbor a fondness for Santa, this is a season of hope and love which we all can share. We also want to say thank you to our clients who’ve trusted us with their real estate needs this past year. We are grateful for your business, your loyalty, and your faith in us. We look forward to the New Year ahead, and want to wish you and yours every happiness. Thank you for reading the PropertyBlotter!

Merry Christmas & Happy Holidays.

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Lake Oswego Real Estate Activity – December 8-14, 2008

It appears that even in the depth of winter, real estate is alive in Lake Oswego.

There were a total of 18 “new” listings showing in RMLS, however, I am including only the 12 that are either brand new, or have been off the market for at least 4 – 6 weeks.

There are several great homes in this line-up.  I especially enjoyed walking through the “Rummer” on Park Forest Ave… really cute!

Here is the latest market activity for Lake Oswego (see below the tables for additional notes):

NEWLY LISTED (December 8 – 14, 2008)

ADDRESS
LIST
PRICE
TOT.
BEDS
TOT.
BATHS
TOT.
SQ FT
 PROP

TYPE
LIST
DATE
5094 GALEN ST         $299,999       3             2              1438      DETACHD    12/14
95 KINGSGATE RD     $325,000       3             2.1           1669      DETACHD    12/14
16149 PEARCY ST     $355,000       3             2              1250      DETACHD    12/9
10 PREAKNESS CT      $399,950      4             2.1            2270      ATTACHD   12/11
1971 PK FOREST AVE $549,000       4            2               2180      DETACHD   12/8
181 3RD ST              $739,000      2             2               1523      CONDO      12/9
1607 PINE ST            $759,000      4             2.1            2943      DETACHD   12/11
220 GREENWOOD RD $849,000       3             4              2639      DETACHD   12/12
17884 SW KELOK RD $959,000       4             3.1            4126     DETACHD    12/8
17896 SW KELOK RD $995,000       4             5               3623     DETACHD    12/8
45 NANSEN SMT      $1,500,000      4              4.1            5773     DETACHD    12/10
1020 SKYLAND DR  $2,850,000      5              4.2            6653     DETACHD    12/8

PENDING SALES (December  8 – 14, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
1120 HALLINAN CIR      $339,000        3           2             1600         DETACHD    153
5254 TIMBERGROVE ST $374,500        4           2             1854         DETACHD      87
2958 DELLWOOD DR     $549,900        4           3             3272         DETACHD    165
5960 CLAIRMONT CT     $724,900       4           2.1           3000        DETACHD    129
14527 PFEIFER WAY      $749,000       4           3.1            3788        DETACHD    120
1600 Country Commons LN $1,950,000 4         3.1            5389        DETACHD    224

SOLD (December 8 – 14, 2008)

ADDRESS ORIG.

PRICE

 SALE

PRICE
TOT.
BEDS
TOT.
BATHS
TOT.
SQ FT
 PROP

TYPE
DOM
668 McVey AVE $199,500 $108,000      0             1       485          CONDO     740
5453 Willow Ct $495,000 $426,500      3             2.1   2400         ATTCHD    146
600 MAPLE ST  $529,000 $470,000      4             2.1   2422        DETACHD   126
435 8TH ST     $749,900 $649,900      4             3.1   2505        DETACHD   565

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.

If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold.

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Open Houses for Sunday, December 7th

What a gorgeous day today! I guess I need to check the weather for Sunday, but it could be a great day to look at Lake Oswego properties. Here’s what will be open according to RMLS:

18959 Kristi Way, $384,400, 3 Bd, 2 Ba, Open 1-3:30

14371 Holly Springs Rd, $427,500, 4 Bd, 2.5 Ba, Open 2-4

668 4th St, $439,900, 2 Bd, 2 Ba, Open 2-4

5807 Ridgetop Ct, $549,900, 5 Bd, 2.5 Ba, Open 1-4

624 Livingood Ln, $574,900, 4 Bd, 3 Ba, Open 1-3

605 SW Country Club Rd, $595,000, 5 Bd, 2.5 Ba, Open 11-1

4676 Winthrop Ct, $599,900, 4 Bd, 2.5 Ba, Open 2-4

17706 Marylbrook Dr, $699,900, 3 Bd, 2 & 2 1/2 Ba, Open 1:30-4

943 SW Atwater Rd, $1,225,000, 4 Bd, 2.5 Ba, Open 12-2

16359 Chapin Way, $1,439,000, 4 Bd, 3.5 Ba, Open 1-4

24015 SW Newland Rd, $1.695,000, 4 Bd, 4 Ba, Open 1-4

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An Amazing Market for Buyers…

What a market. Some of what CNN reports applies here locally and some does not, but no matter how you look at it, this is the time to buy if you’re so inclined. I am told by mortgage and financial planning experts that rates are not likely to go down, but only up (generally speaking) from here on out.

A professional I trust, Pat Goodell, with Prospect Mortgage, says:

“Aggressive measures to keep mortgage financing available for potential homeowners have been established now. This will help to stabilize housing prices and continue to make home ownership an affordable reality. HUD has created new programs to complement existing FHA options, and interest rates remain at very comfortable levels, fluctuating right now around 6% for 30-year fixed loans.

Appraisers in the Portland area are reporting values have leveled off – they are no longer seeing the significant drops in value we have seen in the last year.

Though there are still challenges in the economy and housing market, there are very clear steps being established to ensure that the consumer is able to purchase a home at affordable rates, while providing that the loan does not put them at risk in the future. The Four C’s of mortgage lending are important- Credit, Cash, Collateral (property), and Capacity (ability to make the payment), but there are still great programs available to allow the responsible person to get into a home with as little as 3% down, and even 0 down under the right circumstances.”

We here at the Blotter recommend that you talk to your real estate broker about the market, and assess your options if you have been thinking about buying but have been waiting for the “right moment”. We also welcome a call or an email to us too if you’re not working with anyone & want to talk about what buying would look like for you at this amazing time in real estate history.

Stay informed. Decide what is best for you. Knowledge + Discernment is the winning formula.

…….What a ride!

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Open Houses for Sunday November 30th

Our very best Thanksgiving wishes to you and your loved ones this holiday weekend!

Should you be in the mood to browse some available Lake Oswego properties this Sunday (perhaps with those relatives you’ve been wanting to move closer to you so badly!) there are a whopping 3 that will be held open according to RMLS:

1307 Cedar St., $459,900, 4 bedrooms, 3 baths, Open 1-4

100 Garibaldi St., $1,299,000, 5 bedrooms, 3 baths + 2 1/2 baths, Open 1-4

16359 Chapin Way., $1,439,000, 4 bedrooms, 3 baths + 1/2 bath, Open 1-4

***Those of you new to the Property Blotter, please scroll down for the most recent market activity, and enjoy perusing our archived posts and features!

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Lake Oswego Real Estate Market Activity – November 17-23, 2008

Real estate activity is chugging right along in Lake Oswego this month.

New properties hitting the market during this last week total 31. 24 are detached, single family residences.  Of those 24, the ones listing for under $500,000. total 9.

Sold properties this last week total 9.  6 are detached, single family residences.  Of those 6, the ones selling for under $500,000. total 4.

We have 3 properties pending sale, and will just have to hold our horses to see how those “sold” prices come in.

Check it out:

NEWLY LISTED (November 17 —November 23, 2008)

ADDRESS
LIST PRICE
# BEDS
# BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
44 EAGLE CREST DR
$134,900
1
1
798
 CONDO
11/17
47 EAGLE CREST DR
$149,900
2
1
932
 CONDO
11/18
15938 QUARRY RD
$167,400
2
1
991
 CONDO
11/20
16790 LAKE FOREST BLVD
$199,900
2
1
780
 DETACHD
11/16
3876 BOTTICELLI ST
$199,900
2
2
1,286
 CONDO
11/18
12846 SW BOONES FERRY RD
$249,000
2
2.1
1,136
 CONDO
11/16
5063 FOOTHILLS DR
$259,000
2
2
1,031
 CONDO
11/16
5235 OAKRIDGE RD
$324,900
3
2.1
1,576
 DETACHD
11/17
5354 LOWER DR
$339,000
3
1
1,565
 DETACHD
11/18
18530 PILKINGTON RD
$339,000
4
2
1,925
 DETACHD
11/17
4051 VIRGINIA WAY
$389,500
3
2.1
1,658
 DETACHD
11/18
6109 SUMMER WOODS
$449,000
4
2.1
2,331
 DETACHD
11/18
1307 CEDAR ST
$459,900
4
3
2,054
 DETACHD
11/18
785 5TH ST
$480,000
3
2
2,208
 DETACHD
11/17
805 COUNTRY CLUB RD
$489,900
5
2
2,722
 DETACHD
11/16
1921 PARK FOREST CT
$529,000
3
2.1
2,531
 DETACHD
11/20
4676 WINTHROP CT
$599,900
4
2.1
3,112
 DETACHD
11/17
17784 TREETOP LN
$599,900
4
3
3,468
 DETACHD
11/17
4691 SW HERITAGE LN
$639,900
4
2.1
2,888
 DETACHD
11/20
18212 INDIAN CREEK DR
$649,000
4
2.1
2,313
 DETACHD
11/18
30 WILBUR ST
$679,000
2
2.1
2,664
 ATTACHD
11/17
19285 SW Megly CT
$699,900
4
2.1
2,587
 DETACHD
11/17
14204 KIMBERLY CIR
$700,000
3
3.1
2,900
 DETACHD
11/21
19263 SW Megly CT
$749,900
4
2.1
2,743
 DETACHD
11/17
2545 DELLWOOD DR
$779,000
5
3.1
3,843
 DETACHD
11/17
19245 SW Megly CT
$789,900
4
2.1
2,884
 DETACHD
11/17
19266 SW Megly CT
$789,900
4
2.1
3,025
 DETACHD
11/16
5435 WASHINGTON CT
$849,900
4
3.1
3,323
 DETACHD
11/18
1250 Andrews RD
$849,900
4
2.1
3,137
 DETACHD
11/20
17649 WOODHURST PL
$899,000
5
4.1
5,793
 DETACHD
11/16
3136 DOUGLAS CIR
$1,289,000
4
3.1
4,022
 DETACHD
11/20

PENDING SALES (November 17 —November 23, 2008)

ADDRESS
LIST PRICE
# BEDS
# BATHS
TOT. SQ FT
 PROP TYPE
DOM
68 WHEATHERSTONE CT
$325,000
4
3.1
2,465
 CONDO
299
17079 CHERRY CREST AVE
$469,000
3
2.1
3,002
 DETACHD
17
2057 SUMMIT DR
$998,000
4
3.1
4,396
 DETACHD
522

SOLD (November 9 —November 16, 2008)

ADDRESS ORIG. PRICE SALE PRICE
# BEDS
# BATHS
TOT. SQ FT
 PROP TYPE
DOM
3680 SPRING LN
$199,900
$187,000
2
2.1
1,152
 CONDO
220
595 6TH ST
$314,800
$257,050
3
1
1,520
 DETACHD
40
22 CONDOLEA DR
$339,900
$275,000
2
2
1,454
 CONDO
36
2870 PARK RD
$379,900
$396,000
4
2.1
2,380
 DETACHD
4
20 El Greco
$549,000
$420,000
4
3
2,425
 DETACHD
354
13340 AUBURN CT
$589,000
$485,000
3
2.1
2,451
 ATTACHD
222
1012 ANDREWS RD
$590,800
$495,000
3
2
2,246
 DETACHD
133
17760 LAKE HAVEN DR
$1,169,000
$800,000
4
2.1
2,051
 DETACHD
224
4256 LAKEVIEW BLVD
$1,295,000
$950,000
3
3.1
3,117
 DETACHD
436

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.

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Furnace Gets Facelift

Lake Oswego's Iron Furnace in George Rogers Park

Lake Oswego’s historic Iron Furnace in George Rogers Park is set for a face lift, to be completed in June 2009.

This local treasure is listed on the National Register of Historic Places, and is in need of some tender loving care. The exterior of the 44-foot high furnace is in decent shape, but the interior stonework is severely deteriorated.

Having been abandoned in 1885, the elements have taken their toll, and there is a danger of falling debris, therefore the furnace is fenced off and considered unsafe in its current condition. The restoration will replace grout, chink stones, bricks and basalt stones according to the City of Lake Oswego. The city anticipates that this work, plus a roof for protection, and compliance with current seismic standards will enable it to conduct regular pre-arranged group tours through the furnace structure.

The stone furnace was built by the Oregon Iron Company and began operating in August of 1867. With Oswego’s iron deposits, the company was the first manufacturer of iron on the West Coast, and the Oswego iron industry was reportedly the biggest manufacturing enterprise in Oregon during the nineteenth century. This amazing piece of Oregon history is said to be the only surviving iron furnace west of the Rocky Mountains.

The Lake Oswego City Council has awarded the $830,785 contract, to Pioneer Waterproofing, Inc. Requiring specialized skills, Pioneer Waterproofing fits the bill and has met the standard for brick and masonry restoration in conformance with the Secretary of the Interior’s Standards for the Treatment of Historic Properties. Pioneer Waterproofing has also completed impressive restoration projects which include Vista House, Crater Lake Lodge, Timberline Lodge, and the Portland Art Museum.