Tag: house

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Lake Oswego Real Estate Market Activity – June 2-8, 2008

Fifty-three new listings arrived on the Lake Oswego real estate scene last week, while 23 homes found themselves new or potential owners (sold or pending).

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

NEWLY LISTED (JUNE 2 – 8, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
LIST DATE
86 KINGSGATE RD
$159,900
2
2
849
 CONDO
6/6
4087 JEFFERSON PKWY
$240,000
2
2.1
1,851
 ATTACHD
6/5
668 MCVEY AVE
$269,000
1
1
636
 CONDO
6/2
3797 LANEWOOD ST
$312,900
3
1
2,560
 DETACHD
6/2
3787 LANEWOOD ST
$319,900
3
1.1
1,344
 DETACHD
6/2
16015 SW WALUGA DR
$365,000
4
2
2,010
 DETACHD
6/5
5400 SW DAWN AVE
$367,000
3
1
1,216
 DETACHD
6/5
16284 SW BONAIRE AVE
$369,900
3
2
1,032
 DETACHD
6/1
1647 DEVON LN
$369,900
3
2.1
2,494
 DETACHD
6/2
4347 SILVER CT
$375,500
3
2.1
1,850
 ATTACHD
6/1
1635 ASPEN ST
$397,000
3
2.1
1,618
 DETACHD
6/5
100 LEONARD ST
$418,900
2
2
1,364
 CONDO
6/6
17304 MARJORIE AVE
$425,000
3
1.1
1,340
 DETACHD
6/1
1725 FERNWOOD DR
$449,000
4
2
1,580
 DETACHD
6/5
2400 PARK RD
$449,900
3
2.1
1,960
 DETACHD
6/1
16969 ALDER CIR
$469,000
3
2
1,534
 DETACHD
6/1
3 CELLINI CT
$539,900
4
2.1
2,500
 DETACHD
6/1
17121 WALL ST
$549,000
3
2.1
2,187
 DETACHD
6/5
14003 AMBERWOOD CIR
$589,000
4
2.1
2,652
 DETACHD
6/5
2584 PARK RD
$599,999
4
2
2,302
 DETACHD
6/1
20 WALKING WOODS DR
$639,500
5
3
3,144
 DETACHD
6/1
5624 SOUTHWOOD DR
$645,000
4
3
3,120
 DETACHD
6/5
56 SPINOSA
$649,900
5
3.1
3,808
 DETACHD
6/4
12456 SW Orchard Hills DR
$649,950
4
2.2
3,104
 DETACHD
6/3
653 RIDGEWAY RD
$650,000
3
2
1,808
 DETACHD
6/5
14121 GABRIELLE CT
$698,500
4
2.1
3,015
 DETACHD
6/1
5310 Washington CT
$729,900
3
2.1
3,328
 DETACHD
6/2
15837 ALLISON PL
$739,000
4
2.1
3,534
 DETACHD
6/6
15815 ALLISON PL
$749,000
4
2.1
3,534
 DETACHD
6/6
4064 ORCHARD DR
$749,900
4
2.1
3,600
 DETACHD
6/2
435 8TH ST
$749,900
4
3.1
2,505
 DETACHD
6/3
5384 Washington CT
$769,900
3
2.1
3,228
 DETACHD
6/2
18036 SKYLAND CIR
$778,900
3
2.1
3,000
 DETACHD
6/2
17386 BLUE HERON RD
$824,900
4
3.1
4,063
 DETACHD
6/5
595 D AVE
$849,000
3
2
3,760
 DETACHD
6/5
16176 MATTHEW CT
$849,000
4
2.1
3,474
 DETACHD
6/4
1670 PINE ST
$885,000
4
4
3,286
 DETACHD
6/2
727 LAUREL ST
$949,000
4
3.1
2,924
 DETACHD
6/6
17760 LAKE HAVEN DR
$999,000
4
2.1
2,051
 DETACHD
6/3
1606 BAY VIEW LN
$1,075,000
5
3.1
4,288
 DETACHD
6/1
163 IRON MOUNTAIN BLVD
$1,095,000
3
1.1
1,968
 DETACHD
6/3
2680 GLEN EAGLES RD
$1,199,000
3
3
3,000
 DETACHD
6/2
577 MIDDLECREST RD
$1,200,000
4
2.1
2,000
 DETACHD
6/1
12439 SW 22ND AVE
$1,299,000
4
3.1
4,118
 DETACHD
6/4
664 OAK MEADOW DR
$1,355,000
4
3.1
4,198
 DETACHD
6/4
17512 GREENBLUFF DR
$1,425,000
4
3
3,777
 DETACHD
6/6
17951 MEADOWLARK LN
$1,689,990
4
3.2
5,065
 DETACHD
6/4
18025 SKYLAND CIR
$1,749,000
4
3.2
5,379
 DETACHD
6/2
19175 EASTSIDE RD
$1,759,900
5
4.1
5,263
 DETACHD
6/1
13900 SW GOODALL RD
$2,250,000
5
3.1
4,212
 DETACHD
6/5
17860 CRESTLINE DR
$3,100,000
4
5.2
6,810
 DETACHD
6/2
1066 NORTHSHORE RD
$3,650,000
4
5.1
4,224
 DETACHD
6/7
3012 LAKEVIEW BLVD
$5,750,000
4
4.1
5,957
 DETACHD
6/6

PENDING SALES (JUNE 2 – 8, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
PENDING DATE
88 Galen
$137,987
2
1
923
 CONDO
34
44 EAGLE CREST DR
$149,500
2
1
908
 CONDO
4
165 OSWEGO SMT
$209,900
2
2
1,383
 CONDO
458
3691 LANEWOOD ST
$274,900
3
1.1
1,284
 DETACHD
0
3545 UPPER DR
$375,000
3
2
1,348
 DETACHD
4
17650 ARBOR LN
$399,900
3
3
2,043
 DETACHD
345
555 2ND ST
$425,600
2
2
1,120
 CONDO
454
1602 GREENTREE RD
$449,900
3
2
1,708
 DETACHD
97
16 CHURCHILL DOWNS DR
$520,000
3
2.1
2,056
 DETACHD
2
5746 CHARLES CIR
$599,000
4
2.1
2,737
 DETACHD
59
4786 AVERY LN
$619,000
5
2.1
2,927
 DETACHD
215
5413 LANGFORD LN
$728,950
3
2.1
2,891
 DETACHD
427
18000 S EASTRIDGE LN
$1,995,500
4
4
5,260
 DETACHD
246

SOLD (MAY 26 – JUNE 1, 2008)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
 PROP TYPE
DOM
16584 SW ROOSEVELT AVE
$269,900
$200,000
2
1
1,188
 DETACHD
45
5056 FOOTHILLS DR
$317,500
$275,000
2
2
1,252
 CONDO
115
343 5TH ST
$319,500
$305,000
2
1
910
 CONDO
34
16 Aquinas ST
$349,900
$320,000
3
2
1,569
 DETACHD
73
727 9th Street
$449,000
$375,000
1
1
780
 DETACHD
144
16400 WESTVIEW RD
$429,500
$421,000
2
1
1,217
 DETACHD
6
836 MAPLE ST
$489,900
$450,000
3
2.1
1,700
 DETACHD
221
1982 PARK FOREST AVE
$519,900
$519,900
5
3
2,692
 DETACHD
11
2445 PARK RD
$659,900
$650,000
5
3
3,200
 DETACHD
63
19124 MEGAN PL
$768,500
$743,000
4
2.1
3,584
 DETACHD
82

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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Featured Home – 16081 SW Pearcy St.

This week, we’re pleased to highlight a new listing in Lake Oswego’s Southshore/Hallinan neighborhood.

This three bedroom, three bath home features a fenced, low-maintenance yard, air conditioning, and a spacious, full-length deck in the back for entertaining.

At $425,000, it might just be the best value in the south end of town.

16081 SW Pearcy St., Lake Oswego, OR 97034
ML# 8049937 | Map
3 bedrooms, 3 bathrooms, 1,919 sq. ft.
Listed at $425,000

For more information or to schedule a showing, please contact us with an email.

Listing courtesy of Robbyn Foggia at Advanced Real Estate Services.

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Searching… Searching…

Magnifying GlassOn a recent Broker’s Tour in Lake Oswego, my cohorts and I were discussing how important it is to include accurate information in listings, and we noted how easy it is to inadvertently choose the wrong “field” when entering data etc. I thought it might help the prospective home seller or buyer to know a little about how agents search for houses, specifically in using the basic search fields provided to them on the MLS.

Agents are able to search on the MLS for properties on behalf of a client using several methods, including:

  1. Address Searches – Agents can search a specific area defined by their clients using street addresses and number ranges on specified streets, or a particular house using a specific address.
  2. Area Searches – The MLS now allows agents to search a geographic area by providing a map on which an agent can “draw” boundaries of a search range defined by a client.
    MLS# Searches- Agents can search MLS #’s provided by a client, and generate addresses for either drive-by viewing (prior to a client deciding to take a look inside), or for agent pre-viewing on behalf of a client.
  3. Advanced Searches – This is where I want to focus today, as this is the most common search method utilized in order to find properties that most specifically meet a client’s stated preferences. There are a large number of available search criteria that can be utilized by a listing agent when inputting data in order to present a home in the best light possible, which is of course a good thing… as long as it is accurate information.

When using an Advanced Search, available options include, of course, bedrooms, and the # of baths, but also whether a property has a fireplace (gas or wood?), what the map grid location is, total square footage of the home, approximate square footage of the lot, neighborhood, zip code, year built, style of home, levels, where master bedroom is located (on which level), and many, many more categories including garage description (attached? 2-car?), square footage of bedrooms, accessibility, exterior features, elementary school, etc. The more defined and narrow the search parameters, the fewer homes will appear as options… so, many times only the most important specifics to the client are used in order to provide a variety of choices.

“Property Type” is one important category- options are: Attached (meaning a townhome), Condo, Detached (meaning a separate residence/house), Houseboat, In-Park (meaning a manufactured home in a park), Part-owned, and Residence/Manufactured. A few months back these options were changed and made more detailed so that, for instance, a manufactured home would not appear in a search wherein the client had specified a separate residence/house was what they wanted.

A common example of a simple error is the mistake of referring to a home in the “Style” field as a “Tri-Level” as opposed to the actual appropriate category of “Split-Level”. A tri-level actually has three levels to the home… a split has an entry area, one level down, and one level up.

Bottom line, if you are the Seller, your agent is describing your home in the listing in ways that accentuate its great points while reflecting it accurately. If you are the Buyer, your agent is doing their best to provide you with choices that match your needs, and using the information provided by the listing agents in good faith.

So, if you show up at a property and it was described in the listing in a fashion that makes you feel as if you’ve just wasted your time… you may want to ask your agent to speak to the listing agent about any mistaken data about the home. They will most likely be grateful, and of course, other agents and buyers will benefit from any needed correction.

If you are the Seller, encourage your listing agent to be as creative as possible in selling your home (this is, of course, their job!), but do check for accuracy when reviewing the data to be provided to prospective buyers in your listing.

Happy buying and selling!

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Why those little lots?

vineyard.jpgIf you prefer a newer home, but also want a big back yard, then you will find yourself in a quandary. There are new houses, and there are large lots, but they just don’t seem to be found together. What’s up with that?

Those little lots are a direct result of Oregon’s land use laws. In the 1970’s a statewide commission was formed, the Land Conservation and Development Commission, also known as LCDC. The purpose of this commission was to develop a plan to conserve farm and forest land and keep Oregon from experiencing urban sprawl. Oregon’s greatest fear, at that time, was becoming California. And California was full of urban sprawl. There was talk that some day Portland would stretch south to Salem and there’d be no open fields: just miles and miles of strip malls and suburbs. The LCDC developed the statewide Urban Growth Boundary. This boundary is basically a line that is drawn around all urban areas. Inside the line the urban community is allowed to develop with residential housing and all of its supporting infrastructure. Outside of the boundary is mandated to be preserved for farm and forest use. This forces the infill of the property inside of the urban growth boundary. Every single city and town in the State of Oregon has an urban growth boundary. Compounding the issue is the 2040 Plan. This is a plan, developed in 1992, that projects the population growth of the state to the year 2040 and requires municipal planning departments to control new construction to accommodate those projected population needs.

So the State of Oregon has limited the supply of residential land and at the same time required planning to allow for future growth. Thus, the requirement that new homes be placed onto smaller lots. Even if a builder wants to build houses on larger lots, the planning process will likely force him to build on small lots, or his plans will not be approved.

There has been some back lash to the strict land use laws in the form of two recent ballot measures. Both ballot measures were designed to benefit people who had owned property since before the land use laws went into effect in the 1970’s. Ballot Measure 37 was passed in 2004. It allowed people who have owned property since the 1970’s to either develop the land as they saw fit or be reimbursed by the government for the loss of value that they had experienced from the land use laws. Ballot Measure 49 was passed in 2007. It modified measure 37 to allow for development of up to 4 home sites easily and more than 4 home sites to be a much harder process.

Oregon is the champion state for land use planning. It’s a highly charged subject that can stimulate rather heated conversation. But this is Oregon and that’s just how it’s done here. And those big new houses on smaller lots are what we often find as a result.

On a side note, there just isn’t much land left in Lake Oswego for the building of new homes. This has got the builders buying up old homes and tearing them down to build new houses on the old lots. In this case, the lots are very often not only large but in beautiful, established neighborhoods. And, yes, you do see quite a bit of this in Lake Oswego.