Tag: activity

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Market Activity March 09-15 2015

Today marks the official first day of Spring 2015! Flowers are blooming, bees can be seen here and there, the soft hum of frog croaks can be heard, and (if you are in the right place) the peacocks have started howling into the evening. Lake Oswego is an absolute gem when it comes to the spring time, and with the approach of luxurious weather comes our grand increase in the Real Estate market. Already we have 15 new homes that are making their debut, 25 now pending homes, and 17 sold houses! Right now is a very good time to look into listing your home if you have been waiting to do so. And for those who are in the market with the intention to live here; we have so much to offer of this beautiful city that we love.

Below are the details according to the RMLS:

New on the Market (March 9-15, 2015)

Address Type Price Bedrooms Bathrooms Sqft
16250 PACIFIC HWY #67 CONDO 149,900 1 1 841
31 LADD ST DETACHED 318,900 3 1 867
1689 MEADOWS DR DETACHED 394,900 4 3 2182
17763 MARDEE AVE DETACHED 447,000 5 3 2300
14145 REDWOOD CT DETACHED 539,000 4 3 2452
1670 PINE ST DETACHED 675,000 4 3.5 3286
4405 SUNDEW CT DETACHED 789,000 5 3.5 4820
13836 AMBERWOOD CIR DETACHED 839,000 3 2.5 4183
1651 VILLAGE PARK LN DETACHED 989,000 4 3.5 4841
17970 ROYCE WAY DETACHED 1,125,000 5 4.5 5226
3131 WESTVIEW CT DETACHED 1,150,000 4 4.5 4688
16902 CHAPIN WAY DETACHED 1,299,000 5 4 3696
1947 SUMMIT DR DETACHED 1,595,000 5 5.5 5092
1000 ATWATER RD DETACHED 2,195,000 5 4.5 6391
1653 LAKE FRONT RD DETACHED 3,900,000 5 5.5 6274

Pending Sales (March 9-15, 2015)

Address Type Price Bedroom Bathrooms Sqft DOM
47 EAGLE CREST DR #41 CONDO 115,000 2 1 932 2
44 EAGLE CREST DR #1 CONDO 134,900 2 1 908 3
6 CERVANTES CIR CONDO 139,500 2 1.5 912 142
4 TOUCHSTONE #158 CONDO 140,000 2 2 984 5
4 TOUCHSTONE #89 CONDO 155,000 3 2.5 1351 35
200 BURNHAM RD #402 CONDO 199,500 2 2 1305 261
16805 GASSNER LN DETACHED 225,000 3 2 1092 7
15472 BRIANNE CT CONDO 169,000 2 2 1208 2
1107 CHERRY LN DETACHED 424,900 3 2 2094 10
578 2ND ST #6 CONDO 425,000 2 2.5 1394 62
629 5TH ST DETACHED 449,000 2 1 1122 266
14201 DOLPH CT DETACHED 449,000 3 2 1864 53
18790 BRYANT RD DETACHED 524,995 3 2.5 2400 22
11 JUAREZ ST DETACHED 550,000 4 2.5 2600 5
1868 GLENMORRIE DR DETACHED 585,000 3 4 3032 22
5043 ROSEWOOD ST DETACHED 609,900 3 2.5 2963 233
197 FURNACE ST 3S CONDO 689,900 2 2.5 2091 114
1380 BONNIEBRAE DR DETACHED 699,000 5 3 2940 109
5665 GRAND OAKS DR DETACHED 780,000 3 3 4226 1
1785 PALISADES TERRACE DR DETACHED 799,000 4 4.5 5052 227
14034 TAYLORS CREST LN DETACHED 869,000 5 3.2 4007 34
496 8TH ST DETACHED 879,000 4 2 2899 4
17900 GREENBLUFF DR DETACHED 949,000 4 3.5 4210 300
13080 THOMA RD DETACHED 1,100,000 5 3.5 3400 632
18253 SIENA DR DETACHED 1,198,000 5 4 4310 25

Sold/Closed (March 9-15, 2015)

Address Type List Price Close Price Sqft DOM
1 SW CRESTFIELD CT CONDO 95,000 95,000 689 18
526 S STATE ST CONDO 169,000 160,000 914 92
5061 FOOTHILLS DR A CONDO 199,950 205,000 991 6
48 EAGLE CREST DR ATTACHED 208,500 208,500 1550 1
15868 PARKER RD DETACHED 219,950 220,000 780 36
16351 PACIFIC HWY DETACHED 339,900 329,900 1754 18
4146 LAKEVIEW BLVD DETACHED 400,000 350,000 2056 99
1327 CEDAR ST DETACHED 399,900 395,000 2350 26
768 BERWICK CT DETACHED 549,900 480,000 1731 24
8 WALKING WOODS DR DETACHED 515,000 495,000 3105 25
14372 CAMDEN LN DETACHED 519,900 500,000 2348 52
1868 KILKENNY DR DETACHED 550,000 510,000 2300 83
2234 FERNWOOD CIR DETACHED 545,000 530,000 2975 84
17393 SCHALIT WAY DETACHED 540,000 545,000 2897 3
17694 MARYLBROOK DR DETACHED 719,000 719,000 2758 2
1287 BICKNER ST DETACHED 699,500 722,695 2665 103
13024 ROGERS RD DETACHED 769,000 769,000 3333 0

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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The 10 days of the Inspection Period

Inspections! Inspections! Inspections!

So as my learning experience continues to chug along like the little real estate choo choo train that it is; I have come to really value what is found during the home inspections process and I’d like to share some of my experience with you!

First of all I cannot stress how critical the inspection time period is: From the moment an offer is accepted (and all counters are considered) your inspection period starts.

In our contract it states:
”Buyer shall have ___ business days (ten [10] if not filled in), after the date Buyer and Seller have signed this Agreement (hereinafter the “Inspection Period”), which is to complete all inspections and negotiations with Seller regarding any matters disclosed in any inspection report.”

Now! I don’t want to get too preachy, as our contract has a WEALTH of information that protects both our buyers and sellers. But this portion is super important. Basically what it is saying is that once your offer (as a buyer) is accepted then you have 10 business days to fully inspect the home that you are about to buy. At the end of the 10 business days the inspection period closes and it will be assumed that as the buyer you are accepting the house as is!

How you should see this; is as your safety net for an investment and start your inspections ASAP once you enter those 10 days. The sooner you can collect further information on the house the better, as you will want to further negotiate with the seller about the things you have found.

Now I know that those out there who have the sale of their house in mind are thinking:

“Hey wait a minute! What about me? The sale of my home is my investment as well!”

And that is absolutely correct! During the inspection period it will be critical for you as the seller to allow the buyer to perform these inspections so that they may gather the necessary information on the house, and hopefully buy it from you. Whatever comes back to you as a critical or necessary change to the property (that the buyer wishes to express) becomes your knowledge as well, and as a seller you will want to know.

Now during these 10 business days of the Inspection Period, a buyer can at any time unconditionally disapprove of the house due to the found inspections and leave the contract. Say for instance the entire main bathroom floor is rotted and neither buyer nor seller can afford the costly repair at this time, the buyer can decide to politely take his leave as well as his earnest money.

So all in all I wish to communicate that getting your inspections done promptly once entering into a contract to buy a home is super important for everybody involved. 10 business days may seem like a fair amount of time, but by no means is it a time to put off. The inspection period time is your time in your investment.

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Market Activity Jan 26- Feb 1, 2015

It is time to stay up-to-date with what is going on in Lake Oswego’s Real Estate scene! Looks like we have some beautiful new homes that have reached the market that are absolutely worth taking a look at. LOTS of pending properties (23 to be exact!), so we’ll all have some new neighbors soon! And 8 sold homes that will be all moved in hopefully by St. Valentines Day!

Following is the breakdown for you according to RMLS:

New on the Market (Jan 26- Feb 1, 2015)

Address Type Price Bedrooms Bathrooms Sqft
86 KINGSGATE RD E102 CONDO 129,900 2 2 924
5225 JEAN RD #311 CONDO 170,000 2 2 1100
210 S STATE ST #7 CONDO 249,000 2 2 1284
1033 HALLINAN ST DETACHED 309,900 3 1 936
3190 DUNCAN DR DETACHED 400,000 3 2.5 2401
19 MONTECELLO DR DETACHED 479,900 6 3 3678
6 NORTHVIEW CT ATTACHED 532,500 4 3.5 3200
2518 WEMBLEY PARK RD DETACHED 1,395,000 – 1,495,000 5 4 4200

Pending Sales (Jan 26- Feb 1, 2015)

Address Type Price Bedroom Bathrooms Sqft DOM
1 SW CRESTFIELD CT CONDO 95,000 1 1 689 18
336 CERVANTES CIR CONDO 139,500 2 1.5 1112 87
28 CRESTFIELD CT CONDO 145,000 2 2 995 3
48 EAGLE CREST DR CONDO 184,900 3 2 1623 10
16351 PACIFIC HWY DETACHED 339,900 3 3 1754 18
5053 W SUNSET DR ATTACHED 375,000 2 2.5 1720 2
1327 CEDAR ST DETACHED 399,900 4 2 2350 26
14201 DOLPH CT DETACHED 449,000 3 2 1864 11
12460 BOONES FERRY RD DETACHED 449,950 5 3 3650 493
8 WALKING WOODS DR DETACHED 515,000 4 3 3105 25
4959 BILFORD LN DETACHED 549,900 3 2.5 2456 4
5590 KILCHURN AVE DETACHED 559,900 4 2.5 2472 68
4729 FIRWOOD RD DETACHED 569,900 3 2.5 2594 87
1625 BEDFORD CT DETACHED 595,000 2 2.5 2462 9
12511 SHELBY CT DETACHED 599,900 5 3.5 3641 80
17838 MARYLCREEK DR DETACHED 735,000 4 3.5 4317 35
15203 LILY BAY CT DETACHED 779,000 4 2.5 3219 1
5868 SUNCREEK DR DETACHED 795,000 4 2.5 3164 9
1034 CEDAR ST DETACHED 799,500 4 3.5 2895 13
2065 RIDGE POINTE DR DETACHED 849,900 5 4 4790 246
1136 WESTWARD HO DR DETACHED 895,000 3 2.5 3344 296
1057 BULLOCK ST DETACHED 945,000 4 3.5 4700 185
1854 OAK KNOLL CT DETACHED 1,075,000 3 3 3351 147

Sold/Closed (Jan 26- Feb 1, 2015)

Address Type List Price Close Price Sqft DOM
40 OSWEGO SUMMIT CONDO 151,900 148,000 1140 224
4765 FIRWOOD RD DETACHED 325,000 355,000 1728 3
4940 CENTERWOOD ST DETACHED 425,000 435,000 2093 3
4630 WILDWOOD ST DETACHED 469,850 460,000 2067 83
4636 AUBURN LN ATTACHED 499,900 464,000 2732 118
401 ASH ST DETACHED 699,900 555,000 5048 414
18375 RIVER EDGE LN DETACHED 897,950 846,500 3400 27
5055 LAKEVIEW BLVD DETACHED 890,000 925,032 3498 28

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 Jan 5-11, 2015

Now that the New Year has gotten off to a pretty good start and we are eagerly looking forward to spring market, lets have a look see at some of our new inventory! As well as many of our pending sales. Looks like condos are doing well! Word on the street (beautiful Lake Oswego streets that is!) that this spring term is shaping up to looking pretty full of activity!

Following is the breakdown for you according to RMLS:

NEW on Mkt (Jan 05-11, 2015)

Address Type Price Bedrooms Bathrooms Sqft
16351 PACIFIC HWY DETACHED 339,900 3 3 1754
578 2ND ST #6 CONDO 425,000 2 2.5 1394
4909 LOWER DR DETACHED 425,000 4 2.5 1992
1033 SPRUCE ST DETACHED 495,000 2 2.5 1562
808 ELLIS AVE DETACHED 514,900 3 2.5 2108
751 BRIERCLIFF LN DETACHED 528,950 4 3 2534
1008 SPRUCE ST DETACHED 535,000 3 2.5 1765
18495 TAMAWAY DR DETACHED 548,000 4 2.5 2680
1119 OAK ST DETACHED 549,900 4 2.5 2123
1011 SPRUCE ST DETACHED 565,000 3 2.5 1930
8 DEL PRADO ST DETACHED 599,900 5 3 3548
19242 INDIAN SPRINGS RD DETACHED 749,900 4 2.5 3365
13643 MELROSE PL DETACHED 839,900 4 4 4146

PENDING SALES (Jan 05-11, 2015)

Address Type Price Bedroom Bathrooms Sqft DOM
47 EAGLE CREST DR #40 CONDO 89,500 1 1 696 51
6 CERVANTES CIR CONDO 139,500 2 1.5 912 77
4077 JEFFERSON PKWAY CONDO 234,500 2 2.5 1462 24
1803 BOCA RATAN DR ATTACHED 297,000 3 2.5 1739 44
18275 TERRY CT DETACHED 309,000 3 1.5 1270 228
6138 SW KENNY ST DETACHED 314,000 3 1.5 1190 5
6101 HARRINGTON AVE DETACHED 364,000 3 2.5 1400 62
852 5TH ST DETACHED 379,000 2 1 738 34
3554 TEMPEST DR DETACHED 449,007 3 2.5 2279 4
17190 ROBB PL DETACHED 450,000 4 3 1896 54
1560 LABURNUM WAY DETACHED 499,900 3 2 1773 1
3254 DUNCAN DR DETACHED 499,999 4 3.5 3997 499
12 SCARBOROUGH DR DETACHED 499,999 4 2.5 2943 187
14353 HOLLY SPRINGS RD CONDO 525,000 4 3 2238 129
909 LAKE FRONT RD DETACHED 565,000 4 3 2916 481
3700 MARQUIS CT DETACHED 919,900 4 2.5 4251 69

SOLD (Jan 05-11, 2015)

Address Type List Price Close Price Sqft DOM
4619 LAKEVIEW BLVD D-3 CONDO 92,000 91,500 753 28
86 KINGSGATE RD C203 CONDO 139,500 139,500 924 4
4000 CARMAN DR #5 CONDO 145,000 145,500 1361 4
4089 JEFFERSON PKWY CONDO 199,950 207,500 1361 8
5344 TUALATA CT DETACHED 349,355 344,927 1263 45
571 2ND ST CONDO 589,500 589,500 1561 18
17410 UPPER CHERRY LN DETACHED 898,000 725,000 4586 141
3100 WESTVIEW CT DETACHED 929,000 880,000 3750 17

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 November 17th to the 23rd

Looks like things aren’t slowing down even in the late fall. We have twelve brand new listings here in Lake Oswego, fourteen pending properties, and seventeen sold homes! Looks like this is a very busy start to the holidays.

Following is the breakdown for you according to RMLS:

New on the Market (Nov 15-23, 2014)

Address Type Price Bedrooms Bathrooms Sqft 47 EAGLE CREST DR #40 CONDO 89,500 1 1 696 4 TOUCHSTONE #78 CONDO 164,900 3 2.5 1351 1803 BOCA RATAN DR ATTACHED 297,000 2 2.5 1739 5048 TREE ST DETACHED 310,000 3 1.5 1232 16470 BRYANT RD DETACHED 324,900 3 2 2024 19211 TERRY AVE DETACHED 370,000 4 2 1872
6435 FROST ST DETACHED 529,000 4 2.5 2627 17850 PILKINGTON RD DETACHED 585,000 3 2.5 3222 197 FURNACE ST S 3s CONDO 699,000 2 2.5 2091 18375 RIVER EDGE LN DETACHED 897,950 4 2.5 3404 1874 GLENMORRIE TER DETACHED 939,000 3 3 3858 19320 LORNA LN DETACHED 1,100,000 4 3.5 4192

Pending Sales (Nov 17-23, 2014)

Address Type Price Bedroom Bathrooms Sqft DOM 4619 LAKEVIEW BLVD D-3 CONDO 92,000 1 1 753 28 43 CRESTFIELD CT CONDO 107,500 2 1 923 27 98 OSWEGO SMT CONDO 129,900 2 2 1140 152 7140 SW CHILDS RD DETACHED 275,000 3 1 2032 149 16442 SW KIMBALL ST DETACHED 350,000 3 1 1200 45 17520 REDFERN AVE DETACHED 350,000 3 2 1776 11
16998 GREENTREE AVE DETACHED 393,500 4 2.5 2392 161
17225 CHAPIN WAY DETACHED 395,000 3 2 2257 119
1318 LAUREL ST DETACHED 439,900 3 2.5 1649 2
47 DA VINCI ST DETACHED 475,000 3 2.5 2445 112
17821 HILLSIDE WAY DETACHED 589,000 4 3.5 3442 44
571 2ND ST CONDO 589,500 2
2 1561 18 531 LAUREL ST DETACHED 649,900 4 3.5 2771 212 15444 BOONES WAY ATTACHED 850,000 3 2.5 3464 4

Sold/Closed (Nov 17-23, 2014)

Address Type List Price Close Price Sqft DOM 44 EAGLE CREST DR #15 CONDO 89,900 85,000 798 197 272 CERVANTES CONDO 139,900 127,000 1209 234 45 EAGLE CREST DR #409 CONDO 155,000 153,000 1214 4 18543 DON LEE WAY DETACHED 260,000 250,000 924 49 5326 W SUNSET DR DETACHED 259,900 259,900 754 3 16200 PACIFIC HWY #35 CONDO 299,000 275,000 1208 268
92 GREENRIDGE CT #92 ATTACHED 348,000 335,000 1980 14
475 8TH ST DETACHED 375,000 365,000 960 0
20 AQUINAS ST DETACHED 410,000 385,000 1814 33
1530 LARCH ST DETACHED 469,000 439,875 2384 22
886 9TH ST DETACHED 465,000 450,000 860 3
132 MIDDLECREST RD DETACHED 495,000 495,000 1617 0
4125 WOLF BERRY CT DETACHED 529,900 529,000 2824 1
13639 TWIN CREEK LN DETACHED 675,000 650,000 3202 87
2335 OSWEGO GLEN CT DETACHED 995,000 850,000 3932 167
14122 GOODALL RD DETACHED 969,000 930,000 4530 331
678 8 ST DETACHED 1,050,000 1,050,000 2900 1
16650 FIR LN DETACHED 1,279,000 1,200,000 3860 57

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 October 6 – Oct 12, 2014

Hey all, It’s time to start thinking about Halloween! Looks like things are starting to settle a bit from the busy real estate market we had over the spring and summer. This time around We had 16 new listings, 14 pending sales, and 11 closed/sold properties. Let’s have a look!

Following is the breakdown according to RMLS:

New on Market (Oct 6-Oct 12, 2014)

Address Type Price Bedrooms Bathrooms Sqft
86 Kingsgate RD G203 Condo 144,900 2 2 849
5058 Foothills DR Condo 239,900 2 2 1252
4524 Lower DR A3 Condo 315,000 3 2.5 1650
6360 McEwan RD Detached 337,000 3 1.5 1450
13197 Thoma RD Detached 399,900 3 1.5 1640
6550 Childs RD Detached 400,000 2 2 1346
12836 Sierra Vista DR Detached 485,000 4 2.5 2166
5830 Sunbrook DR Detached 575,000 4 2.5 2810
17821 Hillside Way Detached 589,000 4 3.5 3442
3075 Tolkien LN Detached 649,000 3 2.5 2667
1287 Bickner ST Detached 699,500 4 3.5 2665
17171 Lowenberg TER Detached 747,000 4 2.1 3002
4123 Chad DR Detached 854,950 4 3.1 3833
15195 Lily Bay CT Detached 898,000 4 2.5 4099
1920 Glenmorrie DR Detached 1,199,900 3 3.5 4370
1539 Lake Front RD Detached 1,399,900 4 3.5 3385

Pending Sales (Oct 6 -Oct 12, 2014)

Address Type Price Bedroom Bathrooms Sqft DOM
4610 Lower DR Condo 114,900 2 1.5 1260 14
6928 Montauk CIR Condo 125,000 2 1 960 21
900 Cornell ST Detached 240,000 3 1.5 1300 4
16266 Lake Rorest BLVD Detached 369,900 3 2 1860 111
5959 Dove CT Detached 379,900 2 2 1552 6
4208 Harvey WAY Detached 399,900 4 2 2132 76
1530 Larch ST Detached 450,000 3 3 2384 22
804 2ND ST Attached 459,900 4 3 2224 50
6158 Frost LN Detached 464,900 3 2.5 2109 32
2584 Park RD Detached 549,999 4 2 2302 110
18936 Bryant RD Detached 710,000 4 4 4100 189
1267 Maple ST Detached 899,000 3 2.5 3388 7
925 Iron Mountain BLVD Detached 1,119,000 4 3.5 3555 119
3072 Lakeview BLVD Detached 1,150,000 5 5.5 4030 159

SOLD (Oct 6 -Oct 12, 2014)

Address Type List Price Close Price Sqft DOM
18325 SW 65TH AVE Detached 315,000 278,750 1071 67
466 5TH ST #14 Condo 310,000 310,000 1092 27
19180 Indian Creek AVE Detached 365,000 342,000 2392 12
16494 Inverurie RD Detached 349,000 355,000 1200 7
257 C AVE Detached 449,000 372,000 1600 105
14594 Wilmot WAY Detached 420,000 410,000 1710 0
811 Sunny Hill DR Detached 499,999 463,150 2964 53
502 Northshore RD Detached 849,000 846,000 2834 7
17509 Ridgeview LN Detached 1,119,000 1,110,00 3938 3
3130 Douglas CIR Detached 1,448,000 1,448,000 3970 75
199 Furnace ST Condo 1,950,000 1,800,000 5772 63

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

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News & Notes

What’s Happening in Lake Oswego? ~

 

* Open City Hall Re: Tri Met Changes –  TriMet is going through a budgeting process, and there are potential impacts to Lake Oswego citizens using bus lines 36, 37 & 38.   CLICK HERE to access information and give your input!

* Capital Improvement Plan Open House – March 8th 5-7PM, City Hall~  See what projects are included in the Fiscal Year 2012-13 to 2016-17 draft funding plan. Some include repaving A Avenue and Kerr Parkway and completing Rosemont Trail. There is also talk of correcting water drainage issues on Rockinghorse Lane. Call Anthony Hooper at 503-697-7422  for more information.

*Adult Community Center (ACC) Happy Hour/Open House ~  Sunday, March 18, 1-4 PM, 505 G Ave – Fun!  Come join other Lake Oswegans and lean about new programs while listening to the musical stylings of  the Old Time Fiddlers on the upper level and singer-guitarist Tom Stroud in the café  (tell Tom I said “Hi” in case I can’t make it : ). CLICK HERE   for more information.

* Daylight Savings Begins! – March 11th, 2 AM  ~  Make sure to move your clocks ahead by one hour so that you are on time for the ACC Happy Hour… and of course on time to work!

 

Some Thoughts on Real Estate  ~

 

* Short Sales and You –  Short Sales have become part of the landscape in real estate. If you become involved in a short sale transaction, make sure to go over the details with your Realtor.  There are differences in how many are presented in RMLS after a Seller accepts your offer. Specifically, sometimes the Listing will be held in the “Active” section until the lien holder(s) (banks) come to agreement with you.  Sometimes you can achieve a change to “Pending” status which reduces the chance of others offering during your open transaction.

Earnest Money Checks – Again, in short sale transactions most Buyers are advised that they are likely in for a long haul as they wait for responses and red tape to be processed.  ***This does NOT mean that your earnest money check can be less than “good” when you hand it to your Realtor.  Your earnest money check will be held (usually by escrow, but sometimes in a client trust account), but in any event, essentially “cashed” and deposited in a safe place awaiting mutual acceptance with the lien holders, Seller and you.

Loan Officers – When setting out to buy a home, talk with your Realtor about options for reputable Lenders.  A good Lender is a crucial asset in the home-buying process.  A less-than-stellar loan officer can throw the entire train off track. Things you might assess include:

  • Expertise,
  • Types and Sources of Funds,
  • In-House Lending Options,
  • Availability and Accessibility of the Loan Officer (i.e., if you call on Saturday or Sunday and need a customized Approval Letter, will he/she be there for you?),
  • Is there a Good Relationship between your Realtor and the Loan Officer (remember… we are all humans, and loyalty comes into play naturally when a relationship exists…. that can work to your advantage when the going gets tough and perhaps extra attention or late hours are required to get the job done), and lastly,
  • Is Mortgage Lending what they do “Primarily”?   (Sometimes, especially in banks, someone can be charged with handling loans as a side-duty in addition to many others…..  You want an expert.)

Hope this information is helpful!

Very Best,

Linda

 

Posted on

Market Activity Feb 27-Mar 4, 2012

Last week there were 10 new listings, 17 houses that went pending, and 9 closed sales.

See below for further details.

New Listings

24 Walking Woods Dr, Detached, $282,000, 1889SF, 3 BR, 2.5 Bths

6145 McEwan Rd, Detached, $319,999, 1850SF, 1 BR, 2.5 Bths

5490 Royal Oaks Dr, Detached, $389,000, 1761SF, 3 BR, 2 Bths

15460 Partridge Dr, Detached, $399,000, 2404SF, 4 BR, 2.5 Bths

2357 Hillside Dr, Detached, $474,900, 4162SF, 5 BR, 3 Bths

5537 Kilchurn Ave, Detached, $519,900, 2301SF, 4 BR, 2.5 Bths

575 2nd ST #305, Condo, $659,000, 1752SF, 2 BR, 2.5 Bths

Summit Dr Lot 20, Detached, $725,000, 2334SF, 3 BR, 2.5 Bths

920 Oak Terrace, Detached, $799,000, 3467SF, 4 BR, 2.5 Bths

614 Cabana Ln, Detached, $1,395,000, 3257SF, 3 BR, 3 Bths

Pending Sales

47 Eagle Crest DR B17, Condo, $59,900, 932SF, 2 BR, 1 Bth, 15 DOM

247 Cervantes, Condo, $119,900, 1384SF, 2 BR, 2 Bths, 142 DOM

3834 Botticelli St, Attached, $129,900, 1055SF, 2 BR, 2 Bths, 25 DOM

4386 Thunder Vista, Condo, $147,000, 1980SF, 2 BR, 2.5 Bths, 6 DOM

18408 Don Lee Way, Detached, $194,900, 1528SF, 3 BR, 1.5 Bths, 117 DOM

16212 Lake Forest Blvd, Detached, $229,900, 1267SF, 3 BR, 2 Bths, 151 DOM

6263 Childs Rd, Detached, $249,900, 1600SF, 3 BR, 2 Bths, 154 DOM

660 Hemlock St, Detached, $269,900, 1648SF, 3 BR, 1.5 Bths, 235 DOM

6 Preakness Ct, Attached, $329,000, 2265 SF, 3 BR, 2.5 Bths, 531 DOM

15393 Diamond Head Rd, Detached, $330,000, 3192 SF, 4 BR, 2.5 Bths, 581 DOM

17415 Upper Cherry Ln, Detached, $479,000, 3396SF, 4 BR, 3.5 Bths, 14 DOM

872 Country Commons, Detached, $599,000, 2800SF, 4 BR, 2.5 Bths, 123 DOM

13546 Peters Rd, Detached, $629,000, 3036SF, 3 BR, 3 Bths, 144 DOM

1300 Tyndall Ct, Detached, $675,000, 3866 SF, 5 BR, 4.5 Bths, 218 DOM

340 Ridgeway Rd, Detached, $699,900, 3796 SF, 3 BR, 3 Bths, 339 DOM

15564 Village Dr, Detached, $729,900, 3249 SF, 3 BR, 2.5 Bths, 176 DOM

19419 Eastside Rd, Detached, $850,000, 4305 SF, 4 BR, 3.5 Bths, 197 DOM

Closed Sales

12844 SW Boones Ferry RD, Attached, Original Price $175,000, Closed Price $170,000, 1152 SF, 15 DOM

828 Maple ST, Detached, Original Price $275,000, Closed Price $223,000, 1287 SF, 119 DOM

5311 Tualata CT, Detached, Original Price $249,000, Closed Price $230,000, 1387 SF, 293 DOM

2134 Wembly Park Rd, Detached, Original Price $289,000, Closed Price $263,350, 1736 SF, 115 DOM

2025 Wembly Park Rd, Detached, Original Price $299,000, Closed Price $308,000, 2304 SF, 9 DOM

1736 Palisades Terrace Dr, Detached, Original Price $499,000, Closed Price $423,000, 3079 SF, 204 DOM

1850 Egan Way, Detached, Original Price $543,900, Closed Price $437,500, 4543 SF, 88 DOM

537 2nd ST #106, Condo, Original Price $459,900, Closed Price $440,000, 1292 SF, 3 DOM

13600 Goodall Rd, Farm, Original Price $1,195,000, Closed Price $885,000, 3111 SF, 212 DOM

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

Buying A Condo

Condos appeal to buyers for a couple of very specific reasons. First is the appeal of having all of the exterior maintenance taken care of for them. If you travel a lot, are physically unable to do yard work, or simply prefer having someone else take care of things, a condo might be a good fit in your life. The other significant reason people may choose a condo is it is a great first purchase. Condos can often be bought for significantly less than a detached home.

Lake Oswego has a very large assortment of condos. Mountain Park was one of the first planned communities in the U.S. and a big part of that plan was an assortment of condominiums. At the very top of Mountain Park is Oswego Summit with it’s 2 swimming pools and views of Mt. Hood. Then there are the luxury condos that have been built on the Willamette River, on the Lake, and in First Addition. These complexes are located in highly desirable areas and have features such as secured parking and large terraces.

Some quick stats:
There are currently 68 condos for sale in Lake Oswego priced from a low of $43,500 (932 square feet with 2 bedrooms and 1 bath) to a high of $1,895,000 (on the Willamette River with 4784 square feet, 3 bedrooms and 3 1/2 baths).

21 Condos are in escrow with accepted offers waiting to be closed.

54 condos have sold in the last 6 months.

At any given time you’ll find a good selection to choose from.

There are some specific things you need to think about if you are considering a condo purchase. When you make an offer, make sure it is subject to review of these items:

Ask to read the last 12 months of minutes from the Home Owner Association meetings. If there are problems in the complex, people will be talking about them at these meetings. This is probably the easiest way to find out issues.

Make your offer subject to obtaining and approving of financial statements for the HOA (Home Owner’s Association). You want to see that the HOA has been doing maintenance and upkeep. That they have reserves being built up on account for significant repairs such as roof replacement or paving. And you want to see that they are projecting future expenses and not just working on an emergency basis.

Ask the seller for full disclosure of any upcoming special assessments or any litigation that the HOA may be involved in.

When you have your home inspection done, have the inspector walk the complex and inspect it as well. Does he/she see dry rot on decks or worn roofing shingles? If so, find out if the HOA has plans to address correcting these issues.

Buying a condo is different from buying a house. You are buying into a community with shared responsibilities and obligations. You want to make sure the HOA will be a good fit for you and not throw any surprises your way after you move in.

There is a tendency to want to buy a condo with small HOA dues. The HOA dues are paid monthly, in most cases, and cover things like landscape maintenance and repair of the exterior of buildings. Sure, it’s nice to have small monthly expenses. But the problem with small HOA dues is that money is then not collected for future expenses. And when those expenses arise and there is not enough money in reserve, then all of the members of the HOA have to pony up and pay a special assessment. These assessments can be in the thousands of dollars. So do your homework and get to know the HOA before you buy. Don’t necessarily opt to buy a condo just because the HOA dues are small. Small monthly dues can mean big special assessments later.

Please let us know if you have any questions about condos. Linda and I are here to help.
Dianne