The last time I posted our market activity report we had a comment that the numbers seemed pretty balanced, and for the last couple of months I think that has been true. I think that for the most part when houses come onto the market, home sellers are fully aware that they need to be priced right. That has lead to fairly strong sales. Again this week, we had 11 houses come onto the market and 11 houses go pending. The closed sales were just 5, so that is not as strong. But my sense is that the market is moving pretty well as long as prices reflect what a buyer considers to be a good value.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (Nov 2—Nov.8, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
LIST DATE
|
| Address | List Price | # BR | # BTHS | Total SF | Prop Type | List Date | ||
| 4000 CARMAN DR | $145,000 | 2 | 2 | 869 | CONDO | 11/6/2009 | ||
| 15200 BOONES WAY | $175,000 | 2 | 1.1 | 1,248 | CONDO | 11/4/2009 | ||
| 3365 UPPER DR | $329,900 | 2 | 2 | 1,378 | DETACHD | 11/6/2009 | ||
| 505 8TH ST | $389,000 | 3 | 1 | 1,050 | DETACHD | 11/6/2009 | ||
| 1720 MAPLELEAF RD | $449,000 | 3 | 2 | 1,529 | DETACHD | 11/5/2009 | ||
| 13448 AUBURN CT | $474,900 | 3 | 2.1 | 2,535 | ATTACHD | 11/3/2009 | ||
| 4040 VIRGINIA WAY | $524,900 | 3 | 2.1 | 2,623 | DETACHD | 11/6/2009 | ||
| 33 MORNINGVIEW CIR | $574,900 | 3 | 2.1 | 2,737 | DETACHD | 11/2/2009 | ||
| 5322 ROSALIA WAY | 799999 | 4 | 2.1 | 3,500 | DETACHD | 11/3/2009 | ||
| 17370 CANYON DR | 849900 | 4 | 3.1 | 3,408 | DETACHD | 11/5/2009 | ||
| 17384 BERGIS FARM DR | 1295000 | 5 | 4.1 | 5,012 | DETACHD | 11/4/2009 |
PENDING SALES (Nov 2 -Nov. 8, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | List Price | # BR | # BTHS | Total SF | Prop Type | CDOM | |||
| 4 TOUCHSTONE CT | $109,900 | 3 | 2.1 | 1,350 | CONDO | 371 | |||
| 14 POLONIUS ST | $300,000 | 4 | 3 | 2,754 | DETACHD | 254 | |||
| 161 C AVE | $449,900 | 2 | 2.1 | 1,719 | ATTACHD | 215 | |||
| 4311 ORCHARD WAY | $544,900 | 4 | 2.1 | 3,082 | DETACHD | 54 | |||
| 5 GARIBALDI ST | $574,800 | 4 | 3.1 | 3,250 | DETACHD | 8 | |||
| 4688 CHELSEA LN | $649,900 | 4 | 2.1 | 3,493 | DETACHD | 9 | |||
| 279 EVERGREEN RD | $674,500 | 3 | 3.1 | 2,136 | ATTACHD | 129 | |||
| 19463 LORNA LN | $805,000 | 4 | 3.1 | 4,024 | DETACHD | 21 | |||
| 827 8TH ST | $898,000 | 5 | 3.1 | 3,852 | DETACHD | 38 | |||
| 577 MIDDLECREST RD | $999,900 | 4 | 2.1 | 2,000 | DETACHD | 504 | |||
| 753 LAKESHORE RD | $1,385,000 | 3 | 3.1 | 2,562 | DETACHD | 51 |
SOLD (Nov 2-Nov. 8, 2009)
| ADDRESS | ORIG. PRICE | SALE PRICE |
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | O/Price | Close Price | # BR | # BTHS | Total SF | Prop Type | CDOM | ||
| 4 TOUCHSTONE | $119,900 | $115,000 | 2 | 2 | 984 | CONDO | 43 | ||
| 15450 SW KIMBALL CT | $299,000 | $233,000 | 4 | 1.1 | 1,104 | DETACHD | 344 | ||
| 5554 ROYAL OAKS DR | $399,885 | $385,000 | 3 | 2 | 1,861 | DETACHD | 2 | ||
| 1531 WOODLAND TER | $414,000 | $408,500 | 3 | 2.1 | 1,895 | DETACHD | 139 | ||
| 4691 CHELSEA LN | $629,900 | $530,000 | 4 | 2.1 | 3,102 | DETACHD | 585 | ||
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.
In that light, today I want to take us back to the roots of the Blotter and remind our readers that the name is completely local to Lake Oswego and references the Police Blotter that is published each Thursday in The Lake Oswego Review, the local newspaper. The Review is widely read in LO, both to see photos and hear about our neighbors, and also to get a good chuckle over the varied activities of our local law enforcement. Let’s face it, while LO is not immune to crime, there is quite a bit of time when the good men and women of our police department deal with some pretty funny stuff. So the Police Blotter is in some ways a form of entertainment. I thought I’d take time today to share a bit of the Property Blotter’s namesake. Here, for your reading enjoyment, are actual police activities that were published in the LO Review from a two week period in late September. Enjoy. 9/14/09 1:47 pm A man fell down while walking on a broken sidewalk on Boones Ferry Rd. 9/14/09 4:10 pm An elderly man acted confused at a pizza restaurant. 9/15/09 12:54 pm Police saved a man from being stranded on his roof after his ladder fell down while he was working on it. The ladder was replaced and the man came down. 9/15/09 1:39 pm A caged leopard was observed in a vehicle traveling down Highway 43. 9/15/09 4:47 pm An old lady has been throwing plums at her neighbor. 9/15/09 5 pm An injured pheasant was caught on the side of the road by officers and taken to the Audobon Society. 9/16/09 1:44 pm A woman complained that her neighbor’s garage sale had been going on for far too long. 9/17/09 8:58 pm A short, heavy, suspicious man was advised to leave a super market after he was observed leaning against a wall. 9/18/09 7:48 pm After leaving his scooter on a dock, a man returned to find that it was missing. It turned out the scooter had been thrown into the water by a mentally challenged boy, whose father agreed to pay for a new scooter. 9/19/09 8:41 am A racoon found injured in the middle of the road was taken to a Lake Grove veterinarian. 9/19/09 6:23 pm A person dropped a glass on Lakeview Boulevard, then got out and tried to pick it up. 9/21/09 9:09 am A man in a van has been parking behind a church and sleeping. Church officials hope he will wake up and leave. 9/22/09 1:38 pm A large swarm of yellow jackets was seen a Maple Circle. A beekeeper was notified to respond. 9/24/09 2:16 am A dog cornered a raccoon in a backyard. 9/24/09 7:28 pm A man’s 10-year-old son was screaming about not being able to get on a computer. 9/25/09 11:35 am A dark blue Jeep Liberty was seen driving over yellow lines and onto the sidewalk on Boones Ferry Road. An alternative driver was located to drive the car. 9/25/09 5:03 pm A 15-year-old boy reported a man in an Alden Utilities vest riding a bicycle through his yard. Turns out Alden Utilities is taking a pole inventory. 9/25/09 8:40 pm A suspicious man was going door to door on Albert Circle claiming to be the Kirby Vacuum guy. 9/26/09 1:54 pm A back pack with drug paraphernalia was reportedly found at Our Lady of the Lake. Officers determined the contents were just garbage and disposed of them. 9/26/09 2:41 pm A dead squirrel was removed from Lake Grove Avenue. 9/26/09 10:13 pm A complaint was filed on a loud party at Country Woods Court and Quarry Road. Partiers shut the garage door and turned the music down. 9/26/09 11:59 pm The partying continued on Country Woods Court. Homeowners were warned of a citiation. We may be just 15 minutes from downtown Portland, but reading the LO Review’s Police Blotter really puts into perspective that LO has the personality of a small town. Our police department has a 100% personal response policy. When you call the police, for whatever issue no matter how small or how large, you will get a police officer who will personally respond. And then the next week, you will see it in the Lake Oswego Review. I love it. Wow. This is some kind of a record for the Blotter. There were 14 New properties that came on the market, and nearly all of them were truly fresh listings. The only one that would not necessarily be something I would categorize as “New”, being as it was not off the market for at minimum 30 days, is the Sherbrook property, but I included it as it went to bank-owned status and that is a significant change. There were 6 that went to Pending status, and a whopping 22 that Sold in Lake Oswego last week according to RMLS. Here is the latest market activity for Lake Oswego (see below the tables for additional notes): NEWLY LISTED (Oct. 26—Nov.1, 2009) PENDING SALES (Oct. 26 -Nov. 1, 2009) SOLD (Oct. 26-Nov. 1, 2009) 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.
Geez… It’s November already! You know what that means… Halloween’s over, Thanksgiving is only a few weeks away, and then the Holidays, gift-giving… OK, I’ll stop : ) Right now it’s Fall, and Sunday is supposed to be a nice one w/sunshine and some decent temperatures. Also, the announcement that we are pretty darned close to an extension of the First-Time-Home-Buyer Tax Credit (which additionally applies, by the way, to those who have not owned a home for three years now) and the proposal of an additional $6500. Tax Credit for those “Buying Up” if you meet income guidelines (under $125,000. for an individual or $225,000. for couple filing jointly) and purchase a house for $800,000. or less. And you thought your dreams were going to have to wait! Dianne and I are, as always, here for you. There are 26 properties on tour in Lake Oswego Sunday according to RMLS (including the Luxury Townhomes at 363 Sixth St in First Addition) : Last week brought 19 new listings onto the market, 13 pending sales, and 9 closed sales. This week I noticed four really interesting new listings. As you know, Linda and I weed out the “new” listings that are simply old listings with new listing numbers. So each week we research the market history to report on properties that really are new on the market. This week there are several new listings that were pulled off the market months ago and are now being re-listed at drastically reduced prices. I’m not talking about a minor price reduction, I’m talking about slashing the price. In two cases the houses are now on the market as bank foreclosures, and in two cases it looks to me like home owners who are saying “What’s it going to take to get my house sold?” Here are the reductions: 18064 Jenifers Way, reduced $150,000; 2000 Wembly Park, reduced $325,000; 702 Terrace, reduced $420,000; and 830 Cabana, reduced $727,000. These are incredible price reductions and represent real investment opportunities. Here is the latest market activity for Lake Oswego (see below the tables for additional notes): NEWLY LISTED (Oct. 19—Oct.25, 2009) PENDING SALES (Oct. 19 -Oct. 25, 2009) SOLD (Oct. 19-Oct. 25, 2009) 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.What’s in a name?
I have two things on my mind today: Thanksgiving and how much Linda and I are loving writing the PropertyBblotter. I am thinking about Thanksgiving because it is my favorite holiday and because it has been so incredibly gorgeous the last few days. The air is crisp. The sunshine is bright. It just makes me feel grateful to be alive. And somehow those feelings tie into how I feel about the Property Blotter. We have been writing this blog for 20 months. In that time we have had the pleasure of sharing our passion for real estate and for this wonderful town that we live in. We have also been fortunate to have people contact us to get information, and even to buy and to sell homes. We are grateful for our loyal readers and hope that you are enjoying and learning from what we are able to share.Market Activity Report ~ October 26-November 1, 2009
ADDRESS
PROP TYPE
Address
List Price
# Beds
# Baths
Total SF
Prop Type
List Date
72 CERVANTES CIR
$125,000
2
1.1
912
CONDO
10/29/2009
172 OSWEGO SUMMIT
$179,950
2
2
1,383
CONDO
10/29/2009
210 Durham ST
$199,900
3
1.1
1,318
CONDO
10/29/2009
28 WHEATHERSTONE
$230,000
3
2.1
1,692
CONDO
10/27/2009
5686 WASHINGTON CT
$275,000
2
2
1,160
DETACHD
10/30/2009
14431 SHERBROOK PL
$299,900
4
3
3,284
DETACHD
10/30/2009
1601 GREENTREE RD
$340,100
3
2.1
2,444
DETACHD
10/28/2009
2697 LOOKOUT CT
$450,000
3
2
2,419
DETACHD
10/31/2009
252 NORTHSHORE RD
$459,000
3
1
2,280
DETACHD
10/28/2009
5 GARIBALDI ST
$574,800
4
3.1
3,250
DETACHD
10/26/2009
4703 CAMBRIDGE CT
$579,000
2
2.1
2,914
ATTACHD
11/1/2009
17879 HILLSIDE DR
$599,900
3
3
3,049
DETACHD
10/26/2009
4688 CHELSEA LN
$649,900
4
2.1
3,493
DETACHD
10/26/2009
744 9TH ST
$1,275,000
4
3.1
4,255
DETACHD
10/27/2009
ADDRESS
PROP TYPE
Address
List Price
# Beds
# Baths
Total SF
Prop Type
CDOM
5958 KENNYCROFT WAY
$224,900
3
2.1
1,450
DETACHD
63
16018 WALUGA DR
$415,000
4
2
2,200
DETACHD
9
6 BECKET ST
$425,000
3
2.1
2,767
DETACHD
380
135 FURNACE ST
$709,900
2
2.1
1,927
CONDO
97
19422 LORNA LN
$805,000
5
3.1
4,011
DETACHD
14
18414 Old River Landing
$2,588,000
4
4.2
6,498
DETACHD
499
ADDRESS
ORIG. PRICE
SALE PRICE
PROP TYPE
Address
O/Price
Close Price
# Beds
# Baths
Total SF
Prop Type
CDOM
32 OSWEGO SMT
$149,900
$123,670
1
1
752
CONDO
497
86 KINGSGATE RD
$125,900
$130,900
2
2
849
CONDO
38
578 S STATE
$160,000
$145,000
2
1
914
CONDO
343
3814 BOTTICELLI ST
$154,000
$151,000
2
2
1,055
ATTACHD
35
48 EAGLE CREST DR
$175,000
$160,000
2
2
1,443
CONDO
108
16651 LAKE FOREST BLVD
$239,900
$226,500
3
1
1,230
DETACHD
34
4105 DOUGLAS WAY
$384,900
$255,000
7
2.1
2,856
DETACHD
501
2961 DELLWOOD DR
$350,000
$350,000
3
3
2,476
DETACHD
192
1625 CLOVERLEAF RD
$364,900
$359,900
3
2
1,996
DETACHD
15
534 D AVE
$379,900
$379,900
3
2
1,400
DETACHD
62
2161 CREST DR
$417,500
$381,500
4
2.1
2,648
DETACHD
73
2851 PARK RD
$429,950
$385,000
4
2.1
2,674
DETACHD
137
41 HILLSHIRE DR
$427,000
$400,000
4
3
2,670
DETACHD
437
3 CELLINI CT
$465,000
$405,000
4
2.1
2,531
DETACHD
240
14666 UPLANDS DR
$595,000
$470,530
3
2.1
2,568
DETACHD
114
2330 DELLWOOD DR
$495,000
$478,500
5
3.1
3,468
DETACHD
4
400 LAKE BAY CT
$579,900
$502,000
3
2.1
1,680
DETACHD
198
13175 THOMA RD
$579,900
$559,000
3
2
1,920
DETACHD
8
570 7TH ST
$675,000
$625,000
3
2.1
2,528
DETACHD
265
13531 FIELDING RD
$849,000
$645,000
4
3.1
4,629
DETACHD
463
2600 DELLWOOD DR
$875,000
$699,000
4
3
3,690
DETACHD
486
243 10TH ST
$2,495,000
$1,860,000
5
4.2
5,644
DETACHD
434
Lake Oswego Open Houses ~ Sunday, November 1, 2009
Address
List Price
# Bdrms
# Baths
Total SF
Open
4629 LAKEVIEW BLVD
$165,000
2
2
1178
1-3PM
1597 BONNIEBRAE DR
$199,900
2
1
998
1-3PM
17752 SCHALIT WAY
$329,900
3
2
1463
2-5PM
4 ICARUS LOOP
$449,000
4
2.1
2743
1-3PM
252 NORTHSHORE RD
$459,000
3
1
2280
11-1:30PM
14251 CAMDEN LN
$535,900
3
2.1
2179
1-4PM
363 SIXTH ST
$599,900
3
3.1
2258
1-4PM
17879 HILLSIDE DR
$599,900
3
3
3049
1-4PM
5218 WESTFIELD CT
$719,000
3
2.1
3125
1-4PM
16705 GLENWOOD CT
$749,000
4
3
4243
12-3PM
17110 LOWENBERG TER
$825,000
4
2.1
2678
1-4PM
13010 KNAUS RD
$995,000
4
3.1
4312
1-3PM
18209 SIENA DR
$1,178,950
4
3.1
3839
1-3PM
18143 SIENA DR
$1,197,000
5
4.1
4152
1-3PM
18246 BELLA TERRA DR
$1,294,000
4
3.1
4196
1-3PM
17464 RIDGEVIEW LN
$1,298,950
4
3.1
4407
1-3PM
622 OAK MEADOW DR
$1,325,000
4
3.1
4171
1-3PM
664 OAK MEADOW DR
$1,355,000
4
3.1
4198
1-3PM
18110 Siena DR
$1,394,000
4
3.1
4311
1-3PM
657 OAK MEADOW DR.
$1,395,000
4
3.1
4371
1-3PM
17364 RIDGEVIEW CT
$1,425,000
4
3.1
4436
1-3PM
15825 OSWEGO SHORE CT
$2,248,850
3
3.1
4317
1-3PM
13961 KNAUS RD
$2,450,000
4
4.2
6614
12-1:30PM
Market Activity Report for October 19-25, 2009
ADDRESS
PROP TYPE
Address
Close Price
List Price
# BR
# BTHS
Total SF
Prop Type
List Date
47 EAGLE CREST DR
$148,000
3
1
1,024
CONDO
10/19/2009
16790 LAKE FOREST BLVD
$179,000
2
1
780
DETACHD
10/25/2009
16535 ROOSEVELT AVE
$259,000
3
2
1,495
DETACHD
10/19/2009
5225 JEAN RD
$259,900
2
2
1,400
CONDO
10/23/2009
16546 BONAIRE AVE
$274,900
3
1
1,064
DETACHD
10/19/2009
14300 SHERBROOK PL
$354,500
3
2.1
1,924
DETACHD
10/22/2009
17755 HILL WAY
$364,900
4
3
1,831
DETACHD
10/22/2009
16018 WALUGA DR
$415,000
4
2
2,200
DETACHD
10/20/2009
3402 LAKE GROVE AVE
442000
3
2
1,686
DETACHD
10/25/2009
702 TERRACE DR
475000
3
3
3,429
DETACHD
10/23/2009
209 HIDALGO ST
498000
4
2.1
2,620
DETACHD
10/21/2009
17670 MARYLBROOK DR
499000
3
2.1
3,067
DETACHD
10/22/2009
2000 WEMBLEY PARK RD
540000
4
3
2,660
DETACHD
10/21/2009
18064 JENIFERS WAY
599000
3
2.1
2,859
DETACHD
10/23/2009
830 CABANA LN
668250
4
3.1
3,029
DETACHD
10/20/2009
13278 ROGERS RD
695000
3
2.1
2,964
DETACHD
10/19/2009
13315 HIDDEN BAY CT
729000
5
2.1
3,671
DETACHD
10/23/2009
548 RIDGEWAY RD
1195000
4
3
2,830
DETACHD
10/19/2009
1626 ENGLEWOOD DR
1750000
4
2.2
5,690
DETACHD
10/19/2009
ADDRESS
PROP TYPE
Address
List Price
# BR
# BTHS
Total SF
Prop Type
CDOM
4 TOUCHSTONE
$119,900
2
2
984
CONDO
43
3930 LAKE GROVE AVE
$144,900
2
1
952
CONDO
28
73 OSWEGO SMT
$159,900
2
2
1,212
CONDO
440
4948 SW MEADOWS AVE
$229,000
3
2
2,491
DETACHD
122
3497 DEVONSHIRE DR
$259,900
3
2
1,556
ATTACHD
145
5347 RED LEAF ST
$329,000
3
2
1,456
DETACHD
14
5096 SW TREE ST
$334,900
3
1.1
1,410
DETACHD
462
17366 CARDINAL DR
$425,000
4
2.1
2,107
DETACHD
56
13584 TWIN CREEK LN
$449,900
4
2.1
2,615
DETACHD
2
410 LAUREL ST
$464,500
4
2.1
2,064
DETACHD
138
13175 THOMA RD
$579,900
3
2
1,920
DETACHD
8
19463 LORNA LN
$805,000
4
3.1
4,024
DETACHD
6
13083 SW KNAUS RD
$2,295,000
5
4.1
4,900
DETACHD
598
ADDRESS
ORIG. PRICE
SALE PRICE
PROP TYPE
Address
O/Price
Close Price
# BR
# BTHS
Total SF
Prop Type
CDOM
340 CERVANTES CIR
$120,000
$105,000
2
1.1
912
CONDO
122
15230 BOONES WAY
$164,900
$158,500
2
2
1,185
CONDO
77
195 OSWEGO SMT
$279,900
$183,700
2
2
1,506
CONDO
343
5 PEACOCK PL
$330,000
$289,500
4
2.1
1,760
DETACHD
169
17860 Sundown CT
$499,900
$320,000
4
3.1
3,480
DETACHD
136
14141 GOODALL RD
$359,900
$375,000
3
2.1
1,754
DETACHD
91
19 TOUCHSTONE
$415,000
$390,000
4
3
2,789
DETACHD
107
5329 Langford LN
$725,000
$719,000
3
2.1
2,962
DETACHD
302
1708 VILLAGE PARK LN
899000
889000
4
2.1
3,211
DETACHD
13