Preparing Your House for the Home Inspection

blog flowersThe last 12 months have been a pretty rough time to be selling a home.  Your home may have even been on the market for a period of time longer than you ever thought possible.  But now you’ve gotten a good offer that you have accepted.  This is a key time in any home sale.  You must now get your home to pass the home inspection.   I want to give you a list of 10 simple repairs you can do to prepare your home as well as a few things to do on the day of the inspection.

10 simple repairs to do before the home inspection:

1.  Prune vegetation away from the house.

2.  Clean the gutters.

3.  Replace or clean any dirty furnace filters.

4.  Install missing covers on electrical switches, outlets, and junction boxes.

5.  Replace all smoke alarms installed before January 1, 2002 to comply with current standards.

6.  Replace burned out light bulbs.

7.  Pull soil 6″ away from the siding, basement windows, foundation vents, and decks.

8.  Install 6mil. black, plastic vapor barrier in the crawlspace over exposed soil.

9.  Install earthquake straps on the water heater.

10. Repair leaking faucets.

On the day of the inspection:

1.  Remove any belongings that block access to the furnace, water heater, electrical panel, attic and crawl spaces so the inspector may get to these areas.

2.  Verify the gas, water, and electricity are on, even in vacant homes.

3.  Make sure all gas pilot lights are lit.

4.  Make sure that all appliances normally operated by you can be tested as needed.

It is normal to feel a bit stressed when your home is inspected, but you can greatly increase a positive outcome on the inspection if you do a little prior planning.  And a good home inspection directly affects your ability to maximize the proceeds that you will receive from the sale of your home.  It is worth the time, effort, and a few dollars that it takes to get your home ready.

Market Activity for July 13-19, 2009

Last week continued to set a nice summer pace with 29 new listings, 16 pending sales, and 7 closed sales.

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

NEWLY LISTED (July 13—July 19, 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
47 EAGLE CREST DR $119,900 2 1 932 CONDO 7/16/2009
44 EAGLE CREST DR $139,900 2 1 908 CONDO 7/13/2009
15230 BOONES WAY $164,900 2 2 1,185 CONDO 7/17/2009
141 OSWEGO SMT $169,900 2 2 1,140 CONDO 7/17/2009
4330 COUNTRY WOODS CT $239,900 3 1 1,200 DETACHD 7/13/2009
26 WHEATHERSTONE $265,000 3 2.1 1,692 CONDO 7/15/2009
805 SW COUNTRY CLUB RD $279,900 3 2 1,981 DETACHD 7/13/2009
23 MOUNTAIN CIR $279,900 2 2 1,300 DETACHD 7/18/2009
25 ORIOLE LN 320000 3 2 1,460 DETACHD 7/18/2009
150 KINGSGATE RD 324900 3 2 1,502 DETACHD 7/17/2009
116 TOUCHSTONE TER 350000 3 2.1 1,856 ATTACHD 7/15/2009
10 Oriole LN 369000 2 2 1,654 ATTACHD 7/14/2009
44 ORIOLE LN 379800 3 2.1 2,224 DETACHD 7/15/2009
9 DA VINCI ST 399900 3 2 1,768 DETACHD 7/16/2009
16953 KARA LN 409900 4 2.1 2,614 DETACHD 7/18/2009
20 HOTSPUR ST 425000 4 2.1 2,456 DETACHD 7/17/2009
5807 RIDGETOP CT 479900 4 2.1 2,650 DETACHD 7/19/2009
1921 GLENMORRIE LN 499000 3 3 2,395 DETACHD 7/13/2009
1508 PINE ST 599000 3 2.1 2,300 DETACHD 7/15/2009
20 DA VINCI ST 599900 5 3 3,089 DETACHD 7/15/2009
2130 HILLSIDE CT 675000 5 2.2 3,954 DETACHD 7/13/2009
5831 SUNCREEK DR 685000 4 2.1 2,733 PUD 7/14/2009
108 3RD ST 829000 1 1 975 DETACHD 7/15/2009
106 3RD ST 875000 2 2 1,495 DETACHD 7/16/2009
1151 CHERRY CIR 895000 4 3.1 4,009 DETACHD 7/16/2009
1687 VILLAGE PARK LN 975000 4 3 3,362 DETACHD 7/18/2009
17537 CARDINAL DR 995000 5 4 5,282 DETACHD 7/14/2009
18000 EASTRIDGE LN 2350000 4 5.1 5,554 DETACHD 7/15/2009
14242 BRIDGE CT 2395000 5 3.2 6,139 DETACHD 7/16/2009

PENDING SALES (July 13-July 19, 2009)

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

SOLD (July 13-July 19, 2009)

Address List Price # BR # BTHS Total SF Prop Type List Date CDOM
4 TOUCHSTONE DR $133,500 3 2.1 1,351 CONDO 1/26/2009 170
4 TOUCHSTONE $179,900 3 2.1 1,351 CONDO 6/24/2009 23
4041 JEFFERSON PKWY $210,000 1 1.1 1,041 CONDO 7/1/2009 14
16250 PACIFIC HWY $228,850 2 2 1,311 CONDO 9/24/2007 664
2071 BONNIEBRAE DR $295,000 3 2 1,611 CONDO 7/1/2009 392
1140 HALLINAN CT $339,895 3 2 1,875 DETACHD 6/21/2009 127
15265 BOONES WAY $349,900 2 2.1 1,560 ATTACHD 6/1/2009 46
6310 CARMAN DR $349,900 3 2.2 1,270 DETACHD 6/9/2009 36
12537 27TH PL 369000 4 2.1 2,375 DETACHD 7/2/2009 12
5214 LOWER DR 419900 4 2.1 2,904 DETACHD 3/19/2009 116
13500 TWIN CREEK LN 564900 4 2.1 3,049 DETACHD 5/2/2009 77
22 INDEPENDENCE AVE 699000 7 4.1 4,066 DETACHD 6/21/2009 26
17259 LOWENBERG TER 799000 4 2.1 2,955 DETACHD 6/9/2009 297
2 GROUSE TER 799000 – 850000 4 3 4,446 DETACHD 3/17/2009 119
3973 CHILDS RD 950000 4 3.1 3,861 DETACHD 5/29/2009 49
1933 SUMMIT DR 1675000 5 4.1 4,925 DETACHD 6/18/2009 26
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
44 EAGLE CREST DR $149,500 $130,000 1 1 798 CONDO 122
668 MCVEY AVE $399,850 $365,000 3 1.1 985 CONDO 19
4181 COBB WAY $429,000 $405,000 4 3 2,248 DETACHD 28
815 10TH ST $589,900 $406,500 3 2 2,190 DETACHD 298
2860 DELLWOOD DR $505,000 $500,000 4 2.1 2,966 DETACHD 34
17751 MARYLCREEK DR $719,000 $692,000 4 3 3,505 DETACHD 112
15535 VILLAGE DR $1,195,000 $760,000 5 3 3,421 DETACHD 411

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.

Open Houses for July 5th, 2009

Along with enjoying hot dogs, sparklers, and Old Glory this weekend, there are 6 houses being held open on the day after the 4th of July:

668 McVey Ave., $399,850.  985 sq. feet, 3 BR, 1.5 BTHS, open 1-3

11 Morningview Circle, $547,000. 2921 sq. feet, 3 BR, 2.5 BTHS, open 1-3

624 Livingood Ln., $549,000.  2596 sq. feet, 4 BR, 3 BTHS, open 1:30-3:30

26 Westridge Dr., $549,900.  2862 sq. feet, 4 BR, 3 BTHS, open 1-3

475 10th St., $593,950.  2932 sq. feet, 4 BR, 2.5 BTHS, open noon-2

511 6th St., $896,950. 4000 sq. feet, 5 BR, 3.5 BTHS, open noon-2

Have a safe and happy 4th of July.  Remember there will be a fireworks display over the lake at about 10pm.  There is great viewing from the many streets that surround the lake, from the Lakeview Swim Park, and even from surrounding hillsides.  Enjoy!

Open Houses for Sunday, June 21st, 2009

Along with being Father’s Day, this Sunday will find 24 open houses in Lake Oswego:

15210 Boones Way, $175,000.  1124 sq. feet, 2 BR, 2 BTHS, open 1:30-4:30

109 Oswego Summit, $182,900. 1212 sq. feet, 2 BR, 2 BTHS, open 2-5

12844 Boones Ferry Rd, $229,900. 1136 sq. feet, 2 BR, 2.5 BTHS, open 1-4

4447 Golden Ln, $249,000. 1980 sq. feet, 2 BR, 2.5 BTHS, open 2:30-5

4465 Golden Ln, $259,000. 1980 sq. feet, 2 BR, 2.5 BTHS, open 2-4

16964 Gassner Ln, $330,000. 2208 sq. feet, 3 BR, 3 BTHS, open 1-4

5096 Tree St, $334,900. 1410 sq. feet, 3 BR, 1.5 BTHS, open 2-4

2315 Southshore Blvd, $335,000.  1970 sq. feet,  3 BR, 1 BTH, open 2-4

140 Touchstone Ct, $339,900. 1964 sq. feet,  3 BR, 2.5 BTHS, open 12-2

15265 Boones Way, $349,900. 1560 sq. feet, 2 BR, 2.5 BTHS, open 1-3

2705 Orchard Hill Pl, $434,900. 2250 sq. feet, 3 BR, 2.5 BTHS, open 1-4

41 Hillshire Dr, $474,000. 2670 sq. feet, 4 BR, 3 BTHS, open 1:30-3:30

11 Morningview Cir, $547,000. 2921 sq. feet, 3 BR, 2.5 BTHS, open 2-4

16920 Greentree Ave, $579,000.  2830 sq. feet, 4 BR, 2.5 BTHS, open 2-4

11 Celllini Ct, $584,950. 3392 sq. feet, 5 BR, 3 BTHS, open noon-2

2814 Vale Ct, $659,000. 3192 sq. feet, 4 BR, 3 BTHS, open 1-4

18246 Bella Terra Dr, $1,294,000. 4052 sq. feet, 4 BR, 3.5 BTHS, open 1-3

17464 Ridgeview Ln, $1,298,950. 4407 sq. feet, 4 BR, 3.5 BTHS, open 2-4

622 Oak Meadow Dr, $1,325,000. 4171 sq. feet, 4 BR, 3.5 BTHS, open 2-4

664 Oak Meadow Dr, $1,355,000. 4198 sq. feet, 4 BR, 3.5 BTHS, open 2-4

18110 Siena Dr, $1,394,000. 4311 sq. feet, 4 BR, 3.5 BTHS, open 1-3

657 Oak Meadow Dr, $1,395,000. 4371 sq. feet, 4 BR, 3.5 BTHS, open 2-4

17364 Ridgeview Ct, $1,425,000. 4436 sq. feet, 4 BR, 3.5 BTHS, open 2-4

17433 Ridgeview Ln, $1,495,000. 4704 sq. feet, 4 BR, 4.5 BTHS, open 2-4

Enjoy your weekend and a very Happy Father’s Day to the wonderful men in our lives, whether they be your father or simply someone who brings that fatherly spark to your day.

1-Level Homes

verte-frontThere are many reasons why a person might prefer to live in a single level home.  Some are purely by choice.  Things like the easy of movement while carrying laundry, or the preference for vaulted ceilings.  Others are truly out of necessity due to disabilities whether they be mobility problems, advancing age, or even blindness.  But for many people, living in a 1-level home is their preference.

For these people, when they go to purchase a home, it means that they have a much smaller inventory of homes to select from.  And for the seller of a 1-level home, it means that they have a very specific niche in the real estate market.  So when a single level home comes up for sale, it is likely to be well received by buyers.

Some quick statistics:  in the year 2000, the size of the U.S. population that was age 65 or older was 35,000,000 people or 12.4% of the population.  It is projected that by the year 2030 that percentage will grow to 19.6%, or 71,000,000 people.  This means that the desirability of a one-level home is only going to increase.

Now the twist, just as the demand for single level homes in increasing, the availability of land to build single level homes is decreasing, at least in Oregon.  Every city and county has building codes that require specific distances, or set backs, from the property lines.  A builder is simply restricted to foundations that fit within the set backs of any particular piece of property.  Because a 1-level home usually has a larger foundation, it means that the smaller lots that are common in today’s developments do not have the area necessary to build 1-level homes.  And this means that the land that is big enough to build a 1-level home will cost more because it is larger.  It also means that the 1-level homes that currently exist will be high-demand and valuable into the future.

An important concept to understand when you are buying or selling a single level home is how the value compares to other properties.  Why is it that a 1500 square foot, single level home, can sell for as much as a 2000 square foot 2-story home?  This goes back to the construction of the building.  The two most expensive components in building a home are the roof and the foundation.  When you have a 2-story house, this big expense goes twice as far.  So a 1-level home is more expensive to build per square foot, and through out it’s life of being purchased and sold it will continue to pass along this higher expense.

So if you are lucky enough to have a 1-level home, I hope that you feel good about your investment.  If you are looking to buy a 1-level home, there are currently 70 of them for sale in Lake Oswego.  The least expensive is 1346 square feet with 3 bedrooms, 1 1/2 baths, and was built in 1956.  It is listed for $229,900.  The most expensive is 5389 square feet, with 4 bedrooms, 3 1/2 baths, and was built in 1993.  It is listed for $1,850,000.  The other 68 single level homes for sale cover every sort of size and pricing.

Whether you are wanting to buy or sell, whether you want a 1-level or several levels, Linda and I are here to help.  Please do not hesitate to give us a call or to drop us an e-mail.

Dianne

Market Activity for June 1st to 7th, 2009

This past week brought 28 new listings, 10 pending sales, and 6 sold properties.  One of the challenges of doing this report is going back through the data to “weed out” the listings that have new RMLS numbers, but are not truly new to the market.  I try to not include houses that were taken off the market in the last 30-60 days and then re-listed.  Having said that, there are half a dozen houses on this list that came off the market last winter around the holidays and are now re-listed, so they may sound familiar to you.  A couple of them have had huge price reductions.

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

NEWLY LISTED (June 1—June 7, 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
4629 LAKEVIEW BLVD $179,900 2 2 1,178 CONDO 6/4/2009
188 OSWEGO SUMMIT $195,500 2 2 1,383 CONDO 6/3/2009
16584 ROOSEVELT AVE $263,000 3 1 1,188 DETACHD 6/5/2009
17570 MARDEE AVE $264,900 3 1 1,050 DETACHD 6/5/2009
4433 THUNDER VISTA LN $275,000 2 2.1 1,980 CONDO 6/5/2009
15265 BOONES WAY $349,900 2 2.1 1,560 ATTACHD 6/1/2009
2315 SOUTHSHORE BLVD $350,000 3 1 1,970 DETACHD 6/1/2009
26 BRIARWOOD RD $389,900 4 2.2 2,554 DETACHD 6/3/2009
17280 WESTVIEW DR 399900 3 2.1 2,324 DETACHD 6/1/2009
2745 GREENTREE RD 400000 2 1 1,219 DETACHD 6/5/2009
762 LAKE FOREST DR 412125 4 3 1,970 DETACHD 6/1/2009
19 TOUCHSTONE 415000 4 3 2,789 DETACHD 6/2/2009
14433 HOLLY SPRINGS RD 419900 4 2.1 1,939 DETACHD 6/1/2009
692 2ND ST 425000 3 1 1,700 DETACHD 6/1/2009
13899 MAJESTIC CT 439000 3 2 2,357 DETACHD 6/1/2009
410 LAUREL ST 499000 4 2.1 2,064 DETACHD 6/5/2009
4043 ORCHARD DR 635000 4 2.1 3,339 DETACHD 6/6/2009
2834 GLENMORRIE DR 669000 3 2.1 2,459 DETACHD 6/1/2009
17473 REDFERN AVE 719950 4 2.1 3,052 DETACHD 6/5/2009
7 SCARBOROUGH DR 724950 4 2.1 3,367 DETACHD 6/5/2009
4070 VIRGINIA WAY 749000 3 2.1 3,510 DETACHD 6/4/2009
160 GREENWOOD RD 799950 4 0.2 2,448 DETACHD 6/3/2009
2681 SOUTHSHORE BLVD 890000 3 2.1 2,760 DETACHD 6/4/2009
19010 BRYANT RD 899000 4 3.1 4,878 DETACHD 6/5/2009
16461 CHAPIN WAY 947500 4 2.1 4,271 DETACHD 6/1/2009
18246 BELLA TERRA DR 1294000 4 3.1 4,052 DETACHD 6/4/2009
18493 RAY RIDGE DR 1359000 4 3.3 4,401 DETACHD 6/1/2009
17211 KELOK RD 1399000 3 3.1 5,384 DETACHD 6/5/2009

PENDING SALES (June 1-June 7, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address List Price # BR # BTHS Total SF Prop Type CDOM
15010 TWIN FIR RD $284,905 8 2.1 3,526 DETACHD 92
800 WOODWAY CT $339,000 4 3 2,066 DETACHD 55
1234 MAPLE ST $345,000 3 2 1,947 DETACHD 141
4070 WESTBAY RD $449,996 3 2 1,828 DETACHD 33
6091 FROST LN $479,900 5 2.1 2,540 DETACHD 210
523 2ND ST $485,000 2 2 1,274 CONDO
2860 DELLWOOD DR $505,000 4 2.1 2,966 DETACHD 34
1510 FERNWOOD DR $574,950 5 3 3,291 DETACHD 123
17141 WALL ST 619000 4 3 3,540 DETACHD 354
4076 Orchard DR 719000 4 3.1 3,991 DETACHD 34

SOLD (June 1-June 7, 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
44 EAGLE CREST DR $124,950 $125,000 1 1 798 CONDO 63
12826 Boones Ferry RD $299,900 $228,000 2 2.1 1,398 CONDO 156
1615 HALLINAN ST $299,900 $277,750 3 1.1 1,500 DETACHD 231
18307 LONGFELLOW AVE $339,900 $319,000 3 2 1,457 DETACHD 262
13470 PETERS RD $474,900 $474,900 3 2.1 2,324 ATTACHD 15
569 6TH ST $800,000 $490,000 4 2 2,168 DETACHD 359

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.

Open Houses for Sunday, May 24, 2009

goldendiningroomAlong with my own open house at 4447 Golden Lane, there are a total 17 opens planned for Lake Oswego on May 24th.  I’d love to have you come by to see me tomorrow.  My listings is a 1616 square foot townhouse in Mt. Park.  Recent updates include gorgeous granite counters in the kitchen, laminate flooring, and new windows.  It has 2 large bedrooms and 2 1/2 baths.  Probably the nicest feature is that it has huge, south-facing windows that look out across trees and well-cared for landscaping.  It is also an end unit.  It’s priced at $255,000.  I’ll be there from 2 to 5pm.  You’ll find my signs at the corner of Melrose and Fosberg and from there you can easily follow them into the complex on Thundervista.

Joining my open house on Sunday are these properties:

16824 Inverurie, $389,900. 1896 sq. feet, 3 BR, 3 BTHS, open 1-3

41 Hillshire, $498,500. 2670 sq. feet, 4 BR, 3 BTHS, open 1:30-3:30

17393 Grandview Ct, $649,900. 3672 sq. feet, 4 BR, 3.5 BTHS, open 1-3

2814 Vale Ct, $719,900. 3192 sq. feet, 4 BR, 3 BTHS, open noon-3

730 8th St, $799,000. 2395 sq. feet, 4 BR, 3 BTHS, open 2-4

17215 Lowenberg Terrace, $850,000. 2819 sq. feet, 4 BR, 2.5 BTHS, open 12:30-3:30

511 6th St, $928,950. 4000 sq. feet, 5 BR, 3.5 BTHS, open noon-2

1015 Andrews Rd, $999,900. 3367 sq. feet, 4 BR, 3 BTHS, open 2-4

900 Fairway Rd, $1,094,000. 3508 sq. feet, 4 BR, 3.5 BTHS, open noon-2

17464 Ridgeview Lane, $1,298,950. 4407 sq. feet, 4 BR, 3.5 BTHS, open 2-4

622 Oak Meadow Dr, $1,325,000. 4171 sq. feet, 4 BR, 3.5 BTHS, open 2-4

16359 Chapin Way, $1,349,000. 4158 sq. feet, 4 BR, 3.5 BTHS, open 1-4

664 Oak Meadow Dr, $1,355,000. 4198 sq. feet, 4 BR, 3.5 BTHS, open 2-4

657 Oak Meadow Dr, $1,395,000. 4371 sq. feet, 4 BR, 3.5 BTHS, open 2-4

17364 Ridgeview Ct, $1,425,000. 4436 sq. feet, 4 BR, 3.5 BTHS, open 2-4

17433 Ridgeview Lane, $1,495,000. 4704 sq. feet, 4 BR, 4.5 BTHS, open 2-4

Along with enjoying the sunny weather and a great day of visiting open houses on Sunday, let’s also be sure to take a moment to reflect on those who have given their lives for our country.  Having a son currently in the military, and having a brother-in-law who was lost to us while serving, Memorial Day holds a particularly deep meaning in my heart.  It is an important day for reflecting upon those who make our freedom possible.

Finding a Great Restaurant

For some time now I’ve been wanting to highlight some local restaurants and places that I enjoy frequenting here in Lake Oswego.  Today I want to let you know about 3 wonderful restaurants on the Lake Grove side of town.  All 3 are practically institutions in the area, having been in business for many years.  They are also located in a cluster along the same stretch of Boones Ferry Rd, the main road through the West end of town.

la-provenceLa Provence is the youngster in the group.  The founders of the restaurant, Pascal, Didier, and Alain came from France in 1996 wanting to share their passion for the French Patisserie, which is a bakery that specializes in pastries and sweets.  Don’t be fooled by the outstanding selection of breads, tortes, cakes and croissants that are showcased as you walk-in.  This restaurant offers first class food well beyond the temptations of sweets.  When the restaurant first opened it specialized in breakfast and lunch.  My favorite breakfast choice has long been the smoked-salmon hash.  Served over crispy hash browns, the smoked salmon is topped by a poached egg and creamy dill sauce.  The homemade bread makes delicious toast, and the coffee is outstanding.  For lunch I recommend the French onion soup.  It is the best I have ever had.  And in the last year or so the restaurant has begun to stay open for dinner service.  I recently had a wonderful dinner there at a time when they were offering live music.  I consider the pricing to be affordable and the food highly reliable.  The atmosphere is relaxed and sunny with bright splashes of color from the art work and provencial-style table cloths.  Located at 15964 Boones Ferry Rd, you can find menus and more information at their website, www.provence-portland.com/

gubancsNext door to La Provence is Gubanc’s.  Gubanc’s and I have something in common.  We both came to Lake Oswego in 1976.  I guess you could say that we kind of grew up together.  Owned by Tony and Anne Gubanc, this restaurant is a neighborhood classic.  The atmosphere is classy while being comfortable.  Not too expensive, you’ll find the food to be Northwest with an interesting flair.  The restaurant is most famous for its soups.  They have 80 different varieties that were personally created for their menu.  While the traditionals like clam chowder are available, you will also often find unusual selections like Chicken and Pear or Santa Fe Chicken with White Bean.  Yum.  A great deal at lunch is the Soup Board.  For $7.50 you get a generous bowl of homemade soup with a side board of bread, cheese, and fruit.  Dinner options include South Western Pork Wraps, Chicken and Dumplings, and Halibut Provencial.  For dessert they are well known for their Fresh Fruit Cobbler.  You’ll find it busy every night of the week.  There is a full bar and I think there are quite a few regulars who eat dinner here several nights a week.  To continue to fill the dining room night-after-night for over 30 years, you know they must be doing something right.  Located at 16008 Boones Ferry Rd.  For a copy of the menu and more information, visit Gubanc’s website at www.gubancspub.com.

riccardosFinally, I want to brag about Riccardo’s.  This is my favorite “special occasion” restaurant in Lake Oswego.  Not that you would only want to go there on special occasions, like an anniversary or a birthday.  I have gone there with friends for a casual lunch or dinner many times.  It’s just that I’ve also celebrated many birthdays and anniversaries there.  In my mind, it is a special place that provides just the right atmosphere for a special night out.  Opened in 1980 by Riccardo and Georgette Spaccarelli, it is very fine Italian dining at it’s best.  The Spaccarellis are known for their annual trips to Italy where they visit wine producers and make selections to offer with their food.  The entire meal is extremely authentic.   It’s also mouth watering and complex.  My favorite item on the menu is the Penna Strozzapreti.  Penna pasta with a sauce of cremini mushrooms, black olives, garlic, and sun-dried tomatoes in a light cream sauce that is then dusted with parmigiano reggiano.  That is comfort food to me and a real taste treat.  There are two dining rooms.  The inside room seats 55 and is very nice.   But my favorite, and where I always make it a point to dine, is the outside patio.  It seats 75 and is surrounded by high walls that in the summer are topped with flowers.  There are terra cotta tiled floors and several fountains.  The perimeter tables do have a roof over them and in cooler weather they have numerous heaters to keep you warm.  No, I don’t think you’d be able to dine out there in January.  But for most of the year you can.  It is not only comfortable, you will feel like you’ve gone to Italy.  Riccardo’s is just across the street from Gubanc’s and La Provence at 16035 Boones Ferry Rd.  You can find their menu and more information at their website, www.riccardoslo.com

There are other great restaurants in LO.  I’ll work on giving other recommendations in the future, but this is a good starting point for a new resident in the area.  And just like the long-time residents, you’ll go back again and again.

Market Activity Report for May 4-10, 2009

There were quite a few new listings last week: 27 in all. That is not counting the 14 that I found to be “refreshed”. In other words the listing was pulled and then put in again to look new in the data base. We had a fairly good number of houses that went pending: 14 total. And then there was just one closed sale. While the market is certainly starting to pick up, it is still off of the pace of the spring market in 2007 and 2008. I was also glad to see the pending sale in Cheryl Ct. There is so much high-end inventory that every single sale that happens is important.

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

NEWLY LISTED (

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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
45 EAGLE CREST DR $168,950 2 2 1,056 CONDO 5/4/2009
200 BURNHAM RD $204,900 1 1 943 CONDO 5/4/2009
19138 PILKINGTON RD $275,000 3 1.1 1,099 DETACHD 5/4/2009
4214 WOODSIDE CIR $309,900 3 2.1 1,841 ATTACHD 5/8/2009
5918 SEVILLE AVE $315,000 4 2 1,752 DETACHD 5/9/2009
3269 PHYLLIS CT $379,900 3 1.2 1,818 DETACHD 5/4/2009
534 2ND ST $399,000 2 2.1 1,394 CONDO 5/7/2009
5523 ROYAL OAKS DR $475,000 2 2 1,817 DETACHD 5/5/2009
18042 JENIFERS WAY 514900 3 2.1 2,559 DETACHD 5/8/2009
5502 KODERRA AVE 539900 4 2.1 3,058 DETACHD 5/8/2009
5948 BAY POINT DR 539950 4 2.1 2,421 DETACHD 5/6/2009
5525 RACHEL LN 542900 3 2.1 2,375 DETACHD 5/8/2009
17997 BRAEDEN CT 544900 3 2.1 2,142 DETACHD 5/8/2009
18020 JENIFERS WAY 546900 4 2.1 3,086 DETACHD 5/8/2009
17985 BRAEDEN CT 554900 3 2.1 2,559 DETACHD 5/8/2009
3061 WESTVIEW CT 560000 4 3 3,396 DETACHD 5/5/2009
5568 KODERRA AVE 566900 4 2.1 2,997 DETACHD 5/8/2009
16920 GREENTREE AVE 579000 4 2.1 2,830 DETACHD 5/10/2009
952 A AVE 599000 3 2 2,912 DETACHD 5/4/2009
5590 KODERRA AVE 599900 4 2.1 3,072 DETACHD 5/8/2009
11 CELLINI CT 599950 5 3 3,392 DETACHD 5/8/2009
2110 GREENTREE RD 879000 4 3.1 2,852 DETACHD 5/6/2009
2044 RIDGEWOOD RD 895500 4 2 2,466 DETACHD 5/8/2009
1224 TYNDALL CT 965000 5 3.1 4,157 DETACHD 5/6/2009
589 7TH ST 979000 4 3.1 4,382 DETACHD 5/9/2009
18026 SKYLAND CIR 1475000 5 3.1 4,134 DETACHD 5/9/2009
1835 PALISADES TERRACE DR 1899500 4 3 3,380 DETACHD 5/5/2009

PENDING SALES (May 4-May 10, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address List Price # BR # BTHS Total SF Prop Type CDOM
44 EAGLE CREST DR $124,950 1 1 798 CONDO 63
4 TOUCHSTONE $134,900 3 2.1 1,350 CONDO 138
83 OSWEGO SMT $179,000 2 2 1,140 CONDO 280
5831 SEVILLE AVE $199,900 4 1 1,320 DETACHD 253
668 MCVEY AVE $218,000 3 1.1 1,184 CONDO 61
1897 BOCA RATAN DR $237,100 3 2.1 1,739 ATTACHD 24
925 IRON MOUNTAIN BLVD $269,900 3 2 2,070 DETACHD 639
1716 HALLINAN ST $369,500 3 3 1,916 DETACHD 28
108 RIDGEWAY RD 379000 3 1 1,468 DETACHD 493
1462 Worthington ST 424000 4 3 1,800 DETACHD 60
4070 WESTBAY RD 449996 3 2 1,828 DETACHD 6
17102 CAMPUS WAY 475000 4 3 2,621 DETACHD 56
1065 LUND ST 799000 5 3.1 4,584 DETACHD 78
1937 CHERYL CT 1225000 4 3.1 5,065 DETACHD 273

SOLD (May 4-May 10, 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
1961 SUMMIT DR $1,180,000 $825,000 3 2.1 3,218 DETACHD 268

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.

Featured Neighborhood: Westridge

westridge-sign1It’s time to showcase another of Lake Oswego’s wonderful neighborhoods, Westridge. Westridge is not very large.  According to city-data.com, it is  just .238 of a square mile. It is bordered on the West by Bryant Rd, on the North by Royce Way, on the East by Cooks Butte Park, and on the South by Childs Rd. The population of the neighborhood is about 650 people, which translates to about 300 houses. It’s been my experience that people who live in Westridge love it. They will often move within the neighborhood rather than move out of it. So what’s the attraction?

First, it’s a very quiet area. There are no through streets that people use to get from one part of town to another. There are only neighborhood streets. So the only cars driving into the area are those of people who live there or their guests.

westridge-trail1Second, it has two terrific parks. Cooks Butte Park is on the Eastern edge of Westridge. It’s 42 acres of natural area. It’s what is called a passive park. In other words, it is left quite natural with soft-surface trails for hiking, but not a lot of development such as picnic structures or play grounds. It is best enjoyed for the trees, the trails, and the views. The top of the park has an elevation of 718′. It’s a wonderful spot to hike up to and then sit and watch the sunset. The other park is Westridge Park. It’s adjacent to Westridge Elementary School. It’s 2.2 acres and has a playground, a volleyball area, and a soccer/little league field. This is where you take the kids to burn off some energy and to enjoy a fine, sunny afternoon.

Last is the reputation of Westridge Elementary School. It is a very highly regarded school. While the schools in Lake Oswego all have good reputations, Westridge Elementary seems to stand out. It has a Distinguished Great Schools rating of 10 out of 10, according to the website greatschools.net.

westridge-park1Housing in Westridge is all single family homes. There are no condominiums or apartment buildings. The pricing of what is currently for sale goes from a low of $498,500 for a 2670 square foot home with 4 bedrooms and 3 baths, to a high of $899,900 for a 3243 square foot home also with 4 bedrooms and 3 baths. I would say that the most basic criteria for the variation in pricing is whether the home has been updated or not. The neighborhood was mostly built in the 1970’s and 1980’s. So if the house still has original kitchen, baths, woodwork and windows, it is just not going to be worth as much as a house that is
all updated. I also know that there are homes in Westridge that easily exceed $1,000,000. It is just that none of the higher-end homes are currently for sale. The homes that are the most expensive often are on extremely large lots. On the South edge of Westridge are Barton and Hilltop roads. These streets have houses on acreage, and those properties more closely resemble estates.

westridge-house1I want to point out a house that Linda and I visited on Broker’s tour on May 5th, 9 Westminster Dr. This home is an excellent example of great value. Built in 1976, it has been extensively updated. The kitchen and baths are all recent. There is new paint and flooring. The house has 3814 square feet, with 4 bedrooms and 2 1/2 baths. Probably the most distinguishing feature is a wonderful sunroom that allows you to sit and enjoy the garden all year round. The landscaping is exceptional. There is extensive brick work in patios and outdoor entertaining areas. The yard has sprinklers and it looks to me as though a professional was involved in the layout. It is really wonderful. Priced at just $597,000 it is a stand out for value. I tell people that in this market it is both a beauty pageant and a price war. I think this house wins in both categories.

So it’s easy to see the attraction of the Westridge area. If you’d like information on homes currently for sale in Westridge, please contact either Linda or myself, and we would be happy to send you more information.