Well, the cherry trees are in full bloom, temps are in the 80’s, and real estate activity continues to move forward… a gradually enlivened, seasonal bustle.
Lake Oswego saw 22 new properties hit the market last week. We had 10 go pending, and 2 that closed. So, nothing earth shattering in the “sold” department, but encouraging nonetheless.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (April 13—19, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
LIST DATE
|
| Address | List Price | # Beds | # Baths | Tot. SF | Prop Type | List Date |
| 100 SW KERR PKWY | $97,900 | 1 | 1 | 617 | CONDO | 4/13/2009 |
| 4000 CARMAN DR | $144,000 | 2 | 2 | 935 | CONDO | 4/19/2009 |
| 82 OSWEGO SMT | $234,900 | 2 | 2 | 1,212 | CONDO | 4/17/2009 |
| 1897 BOCA RATAN DR | $249,480 | 3 | 2.1 | 1,739 | ATTACHD | 4/13/2009 |
| 6025 KENNY ST | $299,900 | 3 | 1.1 | 1,258 | DETACHD | 4/16/2009 |
| 17683 NICOLE LN | $324,900 | 3 | 2 | 1,200 | DETACHD | 4/13/2009 |
| 16824 SW INVERURIE RD | $389,900 | 3 | 3 | 1,896 | DETACHD | 4/13/2009 |
| 3009 WEMBLEY PARK RD | $395,000 | 3 | 1.1 | 1,754 | DETACHD | 4/13/2009 |
| 18220 BICKEL CT | $399,000 | 3 | 3 | 2,075 | DETACHD | 4/18/2009 |
| 1023 LUND ST | $419,000 | 4 | 2.1 | 2,313 | DETACHD | 4/18/2009 |
| 68 TOUCHSTONE | 349900 – 424880 | 5 | 4.1 | 3,148 | DETACHD | 4/14/2009 |
| 510 2nd ST | $439,000 | 2 | 1.2 | 1,520 | CONDO | 4/13/2009 |
| 19061 INDIAN SPRINGS RD | $479,900 | 4 | 3 | 2,341 | DETACHD | 4/16/2009 |
| 4920 MULHOLLAND DR | $555,000 | 3 | 2.1 | 2,498 | ATTACHD | 4/17/2009 |
| 15943 WHITE OAKS DR | $559,500 | 4 | 2.1 | 2,746 | DETACHD | 4/16/2009 |
| 4672 AUBURN LN | $575,000 | 3 | 3.1 | 2,732 | ATTACHD | 4/15/2009 |
| 4114 GLACIER LILY ST | $599,000 | 4 | 2.1 | 2,470 | DETACHD | 4/19/2009 |
| 5421 Bay Creek DR | $649,500 | 4 | 2.1 | 3,241 | DETACHD | 4/17/2009 |
| 133 FURNACE ST | $695,000 | 2 | 2.1 | 1,927 | CONDO | 4/16/2009 |
| 5392 SOUTHWOOD DR | $774,900 | 5 | 3 | 3,871 | DETACHD | 4/15/2009 |
| 301 IRON MOUNTAIN BLVD | $1,150,000 | 4 | 3.2 | 3,004 | DETACHD | 4/14/2009 |
| 19007 EASTSIDE RD | $1,390,000 | 4 | 3.1 | 4,651 | DETACHD | 4/14/2009 |
PENDING SALES (April 13-19, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | List Price | # Beds | Tot. Baths | Total SF | Prop Type | List Date | CDOM |
| 13880 SUNDELEAF DR | $234,500 | 2 | 1 | 976 | DETACHD | 1/23/2009 | 84 |
| 1635 ASPEN ST | $319,900 | 3 | 2.1 | 1,618 | DETACHD | 3/24/2009 | 285 |
| 3 CELLINI CT | $449,000 | 4 | 2.1 | 2,531 | DETACHD | 1/19/2009 | 86 |
| 11 BECKET ST | $465,000 | 3 | 2.1 | 4,030 | DETACHD | 4/9/2009 | 111 |
| 80 TANGLEWOOD DR | $469,000 | 5 | 3 | 2,713 | DETACHD | 10/11/2008 | 371 |
| 855 7TH ST | $469,900 | 4 | 1 | 1,392 | DETACHD | 8/18/2008 | 240 |
| 13470 PETERS RD | $474,900 | 3 | 2.1 | 2,324 | ATTACHD | 4/1/2009 | 15 |
| 19431 KOKANEE CT | $529,000 | 4 | 2.1 | 2,250 | DETACHD | 4/9/2009 | 8 |
| 595 D AVE | 625000 | 3 | 2 | 3,760 | DETACHD | 2/2/2009 | 309 |
| 1915 SW CHILDS RD | 1594950 | 5 | 5.2 | 5,689 | DETACHD | 3/14/2008 | 397 |
SOLD (April 13-19, 2009)
| ADDRESS | ORIG. PRICE | SALE PRICE |
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | O/Price | Close Price | # Beds | Tot. Baths | Total SF | Prop Type | CDOM |
| 92 GALEN ST | $119,500 | $100,500 | 1 | 1 | 689 | CONDO | 42 |
| 615 LAKE BAY CT | $669,900 | $505,000 | 3 | 3 | 2,542 | DETACHD | 190 |
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.
3190 Duncan Drive – This property is 2401 SF, 3 bedrooms, 2 1/2 baths, built in 1986, and is bank-owned. It is at the bottom end of a long, steep, private drive shared by a couple of properties, and sits on a hill/perched above Boones Ferry Rd., which you can hear when outside, but not really see too well through the beautiful, natural greenery surrounding the home. Practically speaking, you enter from the driveway side into the kitchen 
area. Double attached garage, deck, large laundry room… generous living room w/fireplace opening to a dining room… flows nicely. Nice master on the main with walk-in closet and jetted tub. Large bath and bedrooms upstairs… You’d want to do some updating, especially in the kitchen and with flooring/new carpeting, but this just seems like a great opportunity in Lake Oswego for someone at $259,900!
4411 Lakeview Blvd.– This home is a split level (sometimes I confess not to like them personally), but this one is a nice layout with a very open entry where you feel like you’re in the living room as you are entering/not in a little hallway as some tend to feel. It is 1828 SF, 4 bedrooms, 2 baths, built in 1972 and remodeled. It has seasonal lake views, and is basically across the street from the 
water. It is close to the intersection of Bryant and Lakeview, and so is close to schools, shops etc etc etc. It is just a really nice house with a great flow, and tasteful updates. Enter the back from a sitting room off the kitchen with beautiful picture window. The backyard is large & very relaxing.You’ll hear the train when it passes (I happen to LOVE the sound), but you’ll be in good company! …other homes on 
Lakeview currently for sale range from $425,000 to $7,500,000. The listing agent states: “Sellers will entertain offers between $299,000 and $338,876.” This home is also listed as a “possible short sale w/one lender”. I am told that the Broker’s Price Opinion (BPO) has already been finished, and the listing agent’s experience is that the Rep is very responsive. Seems like a great deal to me, especially at the bottom end of the range that is specified!
18791 Indian Creek Way – This property is 1965 SF, 3 bedrooms, 2 baths, built in 1977 and remodeled. When we say remodeled, this one is really gorgeous. Dianne and I both looked at each other and said “This is nicely done.” The living room and fireplace are inviting, the feel is open and airy, there are stainless gas appliances, a wine fridge, 2 gas fireplaces, hardwoods, vinyl
windows… lots of them, skylights, and a beautiful backyard patio surrounded by English Gardens (it was evidently featured in Sunset magazine) great for entertaining. The home is advertised as having Bryant Woods pool membership, and proximity to the grade school and middle school is excellent. The price on this one is $439,900. Compare what’s out there… this one is special.
1921 Park Forest Ct– This home is 2531 SF, 3 bedrooms, 2 1/2 baths, built in 1975 & remodeled. The owners have relocated, and I have to say that both Dianne and I were very impressed with this one. The owners took great care in special details, and this home includes high-end features like a gourmet kitchen with beautiful slab 
quartz countertops, a spa w/fireplace, walk-in stone & tile steam shower, air jet tub & heated floors. The plank wood floors are a favorite of mine. The windows in the living room are large and feature beautiful tree’d views, the baseboard detail is stonework throughout the home, and there is a hot tub outside which is 
included “as is”. This one is situated above SouthShore Rd in back. Greentree Pool and Lake Easement is advertised as available. The entry to this home is deceiving… Once you’re in the door you feel like you’re on vacation. There is a water feature to your left as you enter, and the beautiful quartz kitchen with spacious pantry to your right. Walk in and the fireplace and windows say “relax”. The owners wanted that “spa feel” throughout. The asking price is $529,000.
17675 Cardinal Drive – This home on the Blue Heron Canal is 3458 SF, 3 bedrooms and 3 baths, built in 1966 and is advertised as a fixer. Dianne and I took a look at it yesterday, and were very impressed with the waterfront location. The living room is open and the window views are out onto the deck & water. The home needs 
extensive cosmetic fixing such as wallpaper removal, flooring updates, kitchen updates, etc. We are not inspectors, but truly, the feel is of a solid home that has been well lived in with just not much attention to updating. At $599,000 on the canal, I’d say this one deserves some attention.
It feels like the new listings are coming onto the market in a fairly consistent way with 15 to 20 new listings, not “refreshed” but actually new, each week. Last week we saw 16 new listings. There were 4 pending sales and 5 closed listings. I keep waiting to see evidence of the spring market kicking in. That would be reflected in an increase in both pending and closed sales. So far, it remains a bit sluggish. On the plus side, we have one pending sale at close to $1,000,000. The remainder of the pending and closed sales continue to favor the more moderately priced homes. I am also continuing to see that the cumulative days on the market continue to embrace both extremes. It seems like houses that were over-priced, and that have gradually bitten the bullet to bring the price down to a point where price meets market demand, are selling with very long market times. The other extreme are the new listings that are able to look at current market conditions, price realistically, and are selling in a very short period of time.
Two weeks ago I posted information about Tryon Creek State Park and mentioned that there are two neighborhoods in Lake Oswego with trail access into the Park. One is First Addition and the other is Forest Highlands. In our archives you’ll find a neighborhood profile for 
There is, in fact, a beautiful condominium development in Forest Highlands, Red Fox Hills. The condominiums are all townhouse style: they are attached on the sides but do not have neighbors above or below. Amenities include expansive lawns and gardens as well as a pool and a recreation facility. Current pricing ranges from $226,000 for a 2 bedroom, bath and a half unit, to $399,000 for a 3 bedroom, 2 full bath unit. All units have garages.
And then there is that wonderful proximity to Tryon Creek Park. The entrance from Forest Highlands is at the turn about at the end of Boca Ratan Dr (right behind Red Fox Hills).
Ok, things are starting to get interesting- Lake Oswego saw 29 new properties hit the market last week (these are properties that are brand new on the market -or- have been off the market for a minimum of 30 days). All told, there were 45 that are either truly new, or have been “freshened” showing as new listings. (Dianne and I will have plenty to see on tour tomorrow!) We had 7 go pending, and 6 that closed, so sales remain steady for now at this rate.