Last week brought us 20 genuinely new listings, 10 Pending sales, and 6 closed sales. It was a very slight up-tick in all 3 areas. Probably the normal activities associated with the spring market, but still well behind the spring sales of the last few years.
NEWLY LISTED (April 20—26, 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
$137,500
2
1
932
CONDO
4/26/2009
65 OSWEGO SMT
$169,900
2
2
1,140
CONDO
4/23/2009
65 CHURCH ST
$179,900
2
1.1
1,040
CONDO
4/23/2009
4000 CARMAN DR
$179,900
2
2
1,100
CONDO
4/21/2009
578 S STATE ST
$209,500
2
1
914
CONDO
4/20/2009
17928 ROYAL CT
$299,900
3
2
1,272
DETACHD
4/22/2009
16266 LAKE FOREST BLVD
$374,999
3
2
1,860
DETACHD
4/20/2009
440 BOCA RATAN DR
$419,900
3
2
1,932
DETACHD
4/20/2009
14798 DAVIS LN
$424,900
3
2.1
1,670
ATTACHD
4/22/2009
2851 PARK RD
$429,950
4
2.1
2,674
DETACHD
4/20/2009
875 LEE ST
$499,900
3
2
2,442
DETACHD
4/23/2009
9 SW WESTMINSTER DR
$597,000
4
2.1
3,814
DETACHD
4/24/2009
13275 TWIN CREEK CT
$599,000
4
2.1
3,041
DETACHD
4/25/2009
5382 ROYAL OAKS DR
$600,000
4
2.1
2,970
DETACHD
4/21/2009
17950 MEADOWLARK LN
$665,000
5
3
2,710
DETACHD
4/21/2009
2814 VALE CT
$719,900
4
3
3,192
DETACHD
4/25/2009
14135 EDENBERRY DR
$799,900
4
2.1
3,174
DETACHD
4/24/2009
17512 GREENBLUFF DR
$1,074,900
4
4
3,777
DETACHD
4/21/2009
1901 CHERYL CT
$1,399,500
4
4.1
4,863
DETACHD
4/20/2009
13575 GOODALL RD
$1,599,000
4
4.1
4,271
DETACHD
4/26/2009
PENDING SALES (April 20-26, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
table >
Address
List Price
# BR
# BTHS
Total SF
Prop Type
CDOM
4 TOUCHSTONE
$93,000
2
2
979
CONDO
10
100 KERR PKWY
$132,500
2
1.1
823
CONDO
35
204 CERVANTES
$248,900
3
1.1
1,138
CONDO
79
925 IRON MOUNTAIN BLVD
$269,900
3
2
2,070
DETACHD
626
5054 FOOTHILLS DR
$278,500
2
2
1,312
CONDO
295
820 MCVEY AVE
$299,900
3
1.1
1,446
DETACHD
489
18601 WAXWING ST
$425,000
4
2
1,908
DETACHD
26
1699 VILLAGE PARK LN
$675,000
3
2.2
2,936
DETACHD
44
5868 SUNCREEK DR
$694,000
4
2.1
3,174
DETACHD
56
115 BERWICK RD
$998,000
4
3.1
4,000
DETACHD
39
SOLD (April 20-26, 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
6317 CARMAN DR
$275,000
$219,000
3
1.1
1,344
DETACHD
77
1043 HALLINAN ST
$499,900
$385,000
4
2.1
2,484
DETACHD
196
1265 ROCKINGHORSE LN
$499,900
$395,000
4
3
2,402
DETACHD
237
845 LAKE FOREST DR
$459,000
$399,000
3
1.1
1,359
DETACHD
68
17960 RIDGE LAKE DR
$720,000
$607,500
4
2.1
3,124
DETACHD
271
1667 VILLAGE PARK LN
$1,100,000
$845,000
6
3.1
4,743
DETACHD
279
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.
Well, the cherry trees are in full bloom, temps are in the 80’s, and real estate activity continues to move forward… a gradually enlivened, seasonal bustle.
Lake Oswego saw 22 new properties hit the market last week. We had 10 go pending, and 2 that closed. So, nothing earth shattering in the “sold” department, but encouraging nonetheless.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (April 13—19, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address
List Price
# Beds
# Baths
Tot. SF
Prop Type
List Date
100 SW KERR PKWY
$97,900
1
1
617
CONDO
4/13/2009
4000 CARMAN DR
$144,000
2
2
935
CONDO
4/19/2009
82 OSWEGO SMT
$234,900
2
2
1,212
CONDO
4/17/2009
1897 BOCA RATAN DR
$249,480
3
2.1
1,739
ATTACHD
4/13/2009
6025 KENNY ST
$299,900
3
1.1
1,258
DETACHD
4/16/2009
17683 NICOLE LN
$324,900
3
2
1,200
DETACHD
4/13/2009
16824 SW INVERURIE RD
$389,900
3
3
1,896
DETACHD
4/13/2009
3009 WEMBLEY PARK RD
$395,000
3
1.1
1,754
DETACHD
4/13/2009
18220 BICKEL CT
$399,000
3
3
2,075
DETACHD
4/18/2009
1023 LUND ST
$419,000
4
2.1
2,313
DETACHD
4/18/2009
68 TOUCHSTONE
349900 – 424880
5
4.1
3,148
DETACHD
4/14/2009
510 2nd ST
$439,000
2
1.2
1,520
CONDO
4/13/2009
19061 INDIAN SPRINGS RD
$479,900
4
3
2,341
DETACHD
4/16/2009
4920 MULHOLLAND DR
$555,000
3
2.1
2,498
ATTACHD
4/17/2009
15943 WHITE OAKS DR
$559,500
4
2.1
2,746
DETACHD
4/16/2009
4672 AUBURN LN
$575,000
3
3.1
2,732
ATTACHD
4/15/2009
4114 GLACIER LILY ST
$599,000
4
2.1
2,470
DETACHD
4/19/2009
5421 Bay Creek DR
$649,500
4
2.1
3,241
DETACHD
4/17/2009
133 FURNACE ST
$695,000
2
2.1
1,927
CONDO
4/16/2009
5392 SOUTHWOOD DR
$774,900
5
3
3,871
DETACHD
4/15/2009
301 IRON MOUNTAIN BLVD
$1,150,000
4
3.2
3,004
DETACHD
4/14/2009
19007 EASTSIDE RD
$1,390,000
4
3.1
4,651
DETACHD
4/14/2009
PENDING SALES (April 13-19, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# Beds
Tot. Baths
Total SF
Prop Type
List Date
CDOM
13880 SUNDELEAF DR
$234,500
2
1
976
DETACHD
1/23/2009
84
1635 ASPEN ST
$319,900
3
2.1
1,618
DETACHD
3/24/2009
285
3 CELLINI CT
$449,000
4
2.1
2,531
DETACHD
1/19/2009
86
11 BECKET ST
$465,000
3
2.1
4,030
DETACHD
4/9/2009
111
80 TANGLEWOOD DR
$469,000
5
3
2,713
DETACHD
10/11/2008
371
855 7TH ST
$469,900
4
1
1,392
DETACHD
8/18/2008
240
13470 PETERS RD
$474,900
3
2.1
2,324
ATTACHD
4/1/2009
15
19431 KOKANEE CT
$529,000
4
2.1
2,250
DETACHD
4/9/2009
8
595 D AVE
625000
3
2
3,760
DETACHD
2/2/2009
309
1915 SW CHILDS RD
1594950
5
5.2
5,689
DETACHD
3/14/2008
397
SOLD (April 13-19, 2009)
ADDRESS
ORIG. PRICE
SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
O/Price
Close Price
# Beds
Tot. Baths
Total SF
Prop Type
CDOM
92 GALEN ST
$119,500
$100,500
1
1
689
CONDO
42
615 LAKE BAY CT
$669,900
$505,000
3
3
2,542
DETACHD
190
Criteria:Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer.
As many of you know, Dianne and I tour Lake Oswego every Tuesday. We use this scheduled time to view properties that are new on the market, and also to take a look at some we may have missed along the way. Our aim is to be inside every property we possibly can in our community in order to better serve our clients and readers.
Yesterday I meant to take you along with us as we toured, but forgot my camera (darn it!). I did, however, decide to pass along a few properties that we both believe are worth noting. So, here we go:
(All square footage and house info used is from listing agents’ data in RMLS so, deemed reliable, but not guaranteed by the Property Blotter.)
3190 Duncan Drive – This property is 2401 SF, 3 bedrooms, 2 1/2 baths, built in 1986, and is bank-owned. It is at the bottom end of a long, steep, private drive shared by a couple of properties, and sits on a hill/perched above Boones Ferry Rd., which you can hear when outside, but not really see too well through the beautiful, natural greenery surrounding the home. Practically speaking, you enter from the driveway side into the kitchen area. Double attached garage, deck, large laundry room… generous living room w/fireplace opening to a dining room… flows nicely. Nice master on the main with walk-in closet and jetted tub. Large bath and bedrooms upstairs… You’d want to do some updating, especially in the kitchen and with flooring/new carpeting, but this just seems like a great opportunity in Lake Oswego for someone at $259,900!
4411 Lakeview Blvd.– This home is a split level (sometimes I confess not to like them personally), but this one is a nice layout with a very open entry where you feel like you’re in the living room as you are entering/not in a little hallway as some tend to feel. It is 1828 SF, 4 bedrooms, 2 baths, built in 1972 and remodeled. It has seasonal lake views, and is basically across the street from the water. It is close to the intersection of Bryant and Lakeview, and so is close to schools, shops etc etc etc. It is just a really nice house with a great flow, and tasteful updates. Enter the back from a sitting room off the kitchen with beautiful picture window. The backyard is large & very relaxing.You’ll hear the train when it passes (I happen to LOVE the sound), but you’ll be in good company! …other homes on Lakeview currently for sale range from $425,000 to $7,500,000. The listing agent states: “Sellers will entertain offers between $299,000 and $338,876.” This home is also listed as a “possible short sale w/one lender”. I am told that the Broker’s Price Opinion (BPO) has already been finished, and the listing agent’s experience is that the Rep is very responsive. Seems like a great deal to me, especially at the bottom end of the range that is specified!
18791 Indian Creek Way – This property is 1965 SF, 3 bedrooms, 2 baths, built in 1977 and remodeled. When we say remodeled, this one is really gorgeous. Dianne and I both looked at each other and said “This is nicely done.” The living room and fireplace are inviting, the feel is open and airy, there are stainless gas appliances, a wine fridge, 2 gas fireplaces, hardwoods, vinyl windows… lots of them, skylights, and a beautiful backyard patio surrounded by English Gardens (it was evidently featured in Sunset magazine) great for entertaining. The home is advertised as having Bryant Woods pool membership, and proximity to the grade school and middle school is excellent. The price on this one is $439,900. Compare what’s out there… this one is special. 1921 Park Forest Ct– This home is 2531 SF, 3 bedrooms, 2 1/2 baths, built in 1975 & remodeled. The owners have relocated, and I have to say that both Dianne and I were very impressed with this one. The owners took great care in special details, and this home includes high-end features like a gourmet kitchen with beautiful slab quartz countertops, a spa w/fireplace, walk-in stone & tile steam shower, air jet tub & heated floors. The plank wood floors are a favorite of mine. The windows in the living room are large and feature beautiful tree’d views, the baseboard detail is stonework throughout the home, and there is a hot tub outside which is included “as is”. This one is situated above SouthShore Rd in back. Greentree Pool and Lake Easement is advertised as available. The entry to this home is deceiving… Once you’re in the door you feel like you’re on vacation. There is a water feature to your left as you enter, and the beautiful quartz kitchen with spacious pantry to your right. Walk in and the fireplace and windows say “relax”. The owners wanted that “spa feel” throughout. The asking price is $529,000.
17675 Cardinal Drive – This home on the Blue Heron Canal is 3458 SF, 3 bedrooms and 3 baths, built in 1966 and is advertised as a fixer. Dianne and I took a look at it yesterday, and were very impressed with the waterfront location. The living room is open and the window views are out onto the deck & water. The home needs extensive cosmetic fixing such as wallpaper removal, flooring updates, kitchen updates, etc. We are not inspectors, but truly, the feel is of a solid home that has been well lived in with just not much attention to updating. At $599,000 on the canal, I’d say this one deserves some attention.
Hope this information is useful to you. As always, feel free to email or call for more info or some help in locating or viewing these properties. There are lots of great buys out there!
Ok, things are starting to get interesting- Lake Oswego saw 29 new properties hit the market last week (these are properties that are brand new on the market -or- have been off the market for a minimum of 30 days). All told, there were 45 that are either truly new, or have been “freshened” showing as new listings. (Dianne and I will have plenty to see on tour tomorrow!) We had 7 go pending, and 6 that closed, so sales remain steady for now at this rate.
The headlines read: “Mortgage Rates Drop to Record Lows”. According to Bankrate.com, the benchmark 30-year fixed-rate mortgage has dropped 6 basis points to 5.13%. The benchmark 15-year, fixed-rate mortgage fell 7 basis points to 4.73%. Mortgage rate applications are up, and many are taking advantage of the 2009 $8,000. tax credit for first time buyers. (Click here for more info from the NAR.)
We can expect to see these factors start to significantly affect market activity. The rise in the number of new listings appears to indicate renewed confidence along with seasonal upswing, and consistent sales activity likely indicates pent-up demand starting to surface, as you’d expect with the incentives of low rates and plentiful options.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (March 30—April 5, 2009)
Address
List Price
# Beds
# Baths
Tot. SF
Prop Type
List Date
Address
List Price
# Beds
# Baths
Tot. SF
Prop Type
List Date
Address
List Price
# Beds
# Baths
Tot. SF
Prop Type
List Date
47 EAGLE CREST DR
$132,900
2
1
932
CONDO
4/2/2009
86 KINGSGATE RD
$155,000
2
2
849
CONDO
4/2/2009
86 KINGSGATE RD
$159,900
2
2
924
CONDO
4/3/2009
86 KINGSGATE RD
$169,000
2
2
849
CONDO
3/31/2009
165 OSWEGO SMT
$199,900
2
2
1,383
CONDO
4/3/2009
4230 COLLINS WAY
$289,000
3
2
1,512
DETACHD
4/1/2009
4465 GOLDEN LN
$299,900
2
2.1
1,980
CONDO
4/2/2009
6025 SW CARMAN DR
$299,900
3
1.1
1,346
DETACHD
4/5/2009
18929 TERRY AVE
$374,950
4
2
2,065
DETACHD
3/30/2009
19060 INDIAN SPRINGS CIR
$399,900
3
2
1,525
DETACHD
4/1/2009
37 BERWICK RD
$425,000
5
2
2,198
DETACHD
3/30/2009
13470 PETERS RD
$474,900
3
2.1
2,324
ATTACHD
4/1/2009
2650 DELLWOOD DR
$499,000
4
3
3,238
DETACHD
4/1/2009
161 C AVE
$549,900
2
2.1
1,719
ATTACHD
4/1/2009
6110 CHILDS RD
$550,000
4
3
3,258
DETACHD
4/1/2009
400 LAKE BAY CT
$579,900
3
2.1
1,680
DETACHD
4/1/2009
2830 PARK RD
$625,000
4
3.1
3,116
DETACHD
3/31/2009
2188 OVERLOOK DR
$639,900
4
2.1
2,618
DETACHD
3/30/2009
246 GREENWOOD RD
$674,900
3
3
2,125
DETACHD
4/1/2009
15671 VILLAGE DR
$724,000
3
2.1
3,390
DETACHD
4/2/2009
16616 LAKE FOREST BLVD
$750,000
4
2.1
3,314
DETACHD
4/1/2009
15543 VILLAGE DR
$799,000
4
2.1
3,081
DETACHD
3/31/2009
17215 LOWENBERG TER
$850,000
4
2.1
2,819
DETACHD
4/2/2009
13711 FIELDING RD
789000 – 898876
3
4
4,649
DETACHD
3/30/2009
511 6TH ST
$988,000
5
3.1
4,000
DETACHD
4/2/2009
917 Evergreen ST
$1,000,000
4
3.1
2,700
DETACHD
3/30/2009
17960 SARAH HILL LN
$1,179,000
5
3.1
4,800
DETACHD
4/1/2009
1099 TROON RD
$1,250,000
5
3.1
3,938
DETACHD
3/30/2009
13371 ATWATER LN
$1,299,900
4
3
4,795
DETACHD
4/5/2009
PENDING SALES (March 30—April 5, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQFT
PROP TYPE
DOM
Address
List Price
# Beds
# Baths
Tot. SF
Prop Type
List Date
CDOM
Address
List Price
# Beds
# Baths
Tot. SF
Prop Type
List Date
CDOM
3844 BOTTICELLI ST
$219,900
2
2
1,132
CONDO
3/31/2009
5
18307 LONGFELLOW AVE
$329,900
3
2
1,457
DETACHD
8/23/2008
222
785 5TH ST
$399,900
3
2
2,208
DETACHD
11/18/2008
132
13581 GOODALL RD
$550,000
3
2
1,220
DETACHD
10/10/2008
575
5772 BAY CREEK DR
$574,500
4
3
3,242
DETACHD
2/5/2009
58
12611 BOONES FERRY RD
$599,900
5
3.1
4,042
DETACHD
2/17/2009
142
2900 WEMBLEY PARK RD
$697,000
4
2.1
3,383
DETACHD
3/31/2009
4
SOLD (March 30—April 5, 2009)
ADDRESS
ORIG. PRICE
SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
Orig Price
Sale Price
# Beds
# Baths
Tot. SF
Prop Type
List Date
CDOM
Address
O/Price
Close Price
# Beds
# Baths
Tot. SF
Prop Type
CDOM
4 TOUCHSTONE
$129,900
$125,000
2
2
979
CONDO
192
4470 CHAPMAN WAY
$380,000
$310,000
3
3
2,125
DETACHD
188
2800 WEMBLEY PARK RD
$374,500
$342,000
3
2
1,575
DETACHD
10
1228 HALLINAN CIR
$389,000
$375,000
4
2
1,932
DETACHD
7
625 CLARA CT
$587,500
$542,000
3
2.1
2,532
DETACHD
297
13222 DEERFIELD CT
$649,000
$600,000
4
2.1
3,022
DETACHD
331
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. CDOM stands for cumulative days on market, which includes any re-listing and measures from the initial listing date.
Last week was spring break for the Lake Oswego School District and it kept the market a bit quiet. 15 new listings, 6 pending sales, and 2 closed listings made for a rather slow week. That being said, once spring break is over, it is traditionally the time of year when the market picks up steam. The daffodils are in full bloom with tulips and rhododendrons soon to follow. Houses really look good in the spring and many home owners time selling their homes around the season when their yards show their home at its best. Both new listings and pending sales should pick up as the weather improves.
Here is your summary of last weeks activity:
NEWLY LISTED (March 23—March 29, 2009)
Address
List Price
# Beds
# Baths
Tot. SF
Prop Type
List Date
7 CRESTFIELD CT
$115,000
1
1
689
CONDO
3/28/2009
1033 YATES ST
$199,900
4
3.1
2,500
DETACHD
3/26/2009
3433 MCNARY PKWY
$199,950
2
2.1
1,208
CONDO
3/27/2009
4041 JEFFERSON PKWY
$229,000
1
1.1
1,041
ATTACHD
3/26/2009
4316 BOTTICELLI ST
$274,900
3
2.1
2,098
CONDO
3/23/2009
103 KINGSGATE RD
$319,000
3
2.1
1,352
DETACHD
3/27/2009
5 PEACOCK PL
$330,000
4
2.1
1,760
DETACHD
3/29/2009
3290 WEMBLEY PARK RD
$379,000
5
3
2,614
DETACHD
3/23/2009
17311 ASHLEY CT
$385,000
4
2.1
2,160
ATTACHD
3/27/2009
18601 WAXWING ST
$447,000
4
2
1,908
DETACHD
3/27/2009
1250 PINE ST
$499,000
4
3
2,856
DETACHD
3/26/2009
17859 HILLSIDE WAY
$539,000
5
3
3,418
DETACHD
3/23/2009
12647 SW 21ST CT
$649,900
5
2.1
3,212
DETACHD
3/23/2009
1918 INDIAN TRAIL
$1,095,000
3
3
3,094
DETACHD
3/25/2009
3545 RED CEDAR WAY
$1,350,000
5
4.5
4,625
DETACHD
3/24/2009
PENDING SALES (March 23—March 29, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQFT
PROP TYPE
DOM
Address
List Price
# BR
# BTHS
Total SF
Prop Type
CDOM
47 EAGLE CREST DR
$137,900
2
1
947
CONDO
56
5831 SEVILLE AVE
$199,900
4
1
1,320
DETACHD
211
6317 CARMAN DR
$219,900
3
1.1
1,344
DETACHD
168
5235 OAKRIDGE RD
$304,900
3
2.1
1,576
DETACHD
129
13805 REGENCY CT
$399,000
4
2.1
2,045
DETACHD
29
17960 RIDGE LAKE DR
$634,900
4
2.1
3,124
DETACHD
271
SOLD (March 23—March 29, 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 DR
$194,900
$153,000
3
2.1
1,351
CONDO
45
16840 ALDER CIR
$1,749,000
$1,555,000
4
2.1
3,563
DETACHD
249
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. CDOM stands for cumulative days on market, which includes any re-listing and measures from the initial listing date.
Lake Oswego saw 15 new properties hit the market last week (these are properties that are brand new on the market -or- have been off the market for a minimum of 30 days). We had 8 go pending, and 9 that closed.
This is a great time to buy! (no smoke here : ) Rates are great, new & intriguing loan programs are popping up all over the place, and houses appear to be finally jiving with the “reality meter” for Buyers.
Feel free to call or email anytime. We love hearing from our local and out-of-state readers, and enjoy meeting you and getting you settled in Lake Oswego!
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (March 16—March 22, 2009)
Address
List Price
# Beds
# Baths
Tot. SF
Prop Type
List Date
100 KERR PKWY
$132,500
2
1.1
823
CONDO
3/16/2009
15868 PARKER RD
$187,500
2
1
780
DETACHD
3/17/2009
11 OSWEGO SMT
$194,900
2
2
1,212
CONDO
3/16/2009
45 EAGLE CREST DR
$210,000
2
2
1,046
CONDO
3/21/2009
12844 BOONES FERRY RD
$257,000
2
2.1
1,398
CONDO
3/16/2009
2 SUMMIT RIDGE CT
$354,900
2
2.1
1,750
ATTACHD
3/18/2009
5214 LOWER DR
$459,900
4
2.1
2,904
DETACHD
3/19/2009
12735 Alto Park RD
$495,000
3
2
1,685
DETACHD
3/20/2009
17860 Sundown CT
$499,900
4
3.1
3,480
DETACHD
3/20/2009
1866 KILKENNY DR
$511,100
4
3.1
3,600
DETACHD
3/19/2009
15535 VILLAGE DR
$799,000
5
3
3,421
DETACHD
3/21/2009
17212 CHAPIN WAY
$850,000
3
2.1
2,541
DETACHD
3/17/2009
2 GROUSE TER
$989,000
4
3
4,446
DETACHD
3/17/2009
1149 LAKESHORE RD
$1,295,000
4
2.1
2,606
DETACHD
3/20/2009
1005 COUNTRY CLUB RD
$1,999,000
5
4
5,000
DETACHD
3/18/2009
PENDING SALES (March 16—March 22, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQFT
PROP TYPE
DOM
Address
List Price
# Beds
# Baths
Tot. SF
Prop Type
List Date
CDOM
4 TOUCHSTONE DR
$137,500
3
2.1
1,351
CONDO
1/26/2009
52
15570 WALUGA DR
$325,000
3
3
1,577
DETACHD
3/21/2009
265
16 PARTRIDGE LN
$398,000
3
2.1
2,304
DETACHD
1/30/2009
48
1043 HALLINAN ST
$399,900
4
2.1
2,484
DETACHD
9/3/2008
196
13222 DEERFIELD CT
$649,000
4
2.1
3,022
DETACHD
1/22/2009
331
14133 AMBERWOOD CIR
750000 – 800000
4
2.1
3,200
DETACHD
6/12/2008
278
1667 VILLAGE PARK LN
$899,900
6
3.1
4,743
DETACHD
2/18/2009
279
1961 SUMMIT DR
$915,000
3
2.1
3,218
DETACHD
6/21/2008
268
SOLD (March 2—March 8, 2009)
ADDRESS
ORIG. PRICE
SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
Orig Price
Sale Price
# Beds
# Baths
Tot. SF
Prop Type
List Date
CDOM
6291 HARRINGTON AVE
$249,900
$239,900
3
2
1,472
DETACHD
1/6/2009
10
4070 WESTBAY RD
$350,000
$279,000
1
1
1,828
DETACHD
7/15/2008
0
17304 MARJORIE AVE
$333,000
$317,125
3
1.1
1,340
DETACHD
2/3/2009
16
4 OTHELLO ST
$434,900
$390,000
4
3
2,184
DETACHD
11/5/2008
111
1480 HEMLOCK ST
$488,850
$410,000
4
3
2,246
DETACHD
3/24/2008
305
221 HIDALGO ST
$419,500
$420,000
3
2.1
2,628
DETACHD
2/16/2009
13
178 PINE VALLEY RD
$475,000
$455,000
5
3.1
2,999
DETACHD
2/12/2009
6
17454 CANAL (boat esmnt) CIR
$789,900
$545,900
4
3
2,275
DETACHD
4/19/2008
261
1670 PINE ST
$679,987
$579,900
4
3.1
3,286
DETACHD
11/5/2008
110
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. CDOM stands for cumulative days on market, which includes any re-listing and measures from the initial listing date.
Last week in Lake Oswego there were 16 new listings, 8 houses that went pending, and 2 closed sales. A trend I have been watching appears to be continuing. When I look at Days on the Market, it seems like houses are either selling very quickly or very slowly. 3 of the 7 pending sales went into escrow in a week or less of market time. 3 more sold within about 2 months. The last two had extended market time of 236 and 426 days. Of the closed sales, one sold in 4 days and one sold in 243 days. I think this is reflective of changing attitudes of sellers. People who listed their homes in late 2007 and early 2008 are being stubborn about accepting the decline in values that has occured and are either sitting on high prices or dropping prices in such away that they are behind the market trends. Whereas sellers listing today, who are listening to their Realtor and pricing their homes at values that will meet market conditions, are realizing quick sales at or near their asking prices. Buyers are smart. They are watching the market and recognizing value when they see it. Correct pricing is King.
NEWLY LISTED (March 9—March 15, 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
4 TOUCHSTONE
$159,900
3
2.1
1,350
ATTACHD
3/11/2009
4000 CARMAN DR
$184,500
2
2
1,100
CONDO
3/9/2009
166 OSWEGO SMT
$229,900
2
2
1,506
CONDO
3/13/2009
668 MCVEY AVE
$260,000
3
1.1
985
CONDO
3/12/2009
140 TOUCHSTONE CT
$339,900
3
2.1
1,964
ATTACHD
3/12/2009
4366 WOODSIDE CIR
$349,000
3
2
1,762
ATTACHD
3/12/2009
16890 CORTEZ CT
$349,000
4
3
2,016
DETACHD
3/13/2009
4420 GOLDEN LN
$349,000
3
3.1
2,165
ATTACHD
3/10/2009
5402 CARMAN DR
369900
3
1
1,720
DETACHD
3/9/2009
45 TANGLEWOOD DR
399999
5
3.1
3,166
DETACHD
3/12/2009
1462 Worthington ST
424000
4
3
1,800
DETACHD
3/9/2009
2961 DELLWOOD DR
525000
3
3
2,476
DETACHD
3/14/2009
2550 SOUTHSHORE BLVD
550000
4
3.1
3,472
DETACHD
3/11/2009
1699 VILLAGE PARK LN
675000
3
2.2
2,936
DETACHD
3/9/2009
115 BERWICK RD
998000
4
3.1
4,000
DETACHD
3/13/2009
356 9TH ST
1199000
3
3.1
3,647
DETACHD
3/10/2009
PENDING SALES (March 9—March 15, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQFT
PROP TYPE
DOM
Address
List Price
# BR
# BTHS
Total SF
Prop Type
CDOM
4 TOUCHSTONE
$76,500
3
2.1
1,351
CONDO
7
127 OSWEGO SMT
$184,900
2
2
1,212
CONDO
0
5487 TUALATA CT
$259,000
3
2
1,200
DETACHD
236
790 BOCA RATAN DR
$259,900
3
2
2,112
DETACHD
35
1140 HALLINAN CT
$339,895
3
2
1,875
DETACHD
3
845 LAKE FOREST DR
$399,000
3
1.1
1,359
DETACHD
68
662 9 th ST
$975,000
5
3.1
4,108
DETACHD
63
14066 Goodall RD
$1,629,000
4
3.1
4,220
DETACHD
426
SOLD (March 9—March 15, 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
16978 CANAL CIR
$350,000
$350,000
3
2
1,962
DETACHD
4
22 HOTSPUR ST
$799,000
$627,325
6
3.1
4,259
DETACHD
243
<
Criteria: Statistics given above are obtained from the Realtor’s Multiple Listing Service by searching condos, attached homes, manufactured homes and detached homes in the 97034 and the 97035 zip codes. DOM means Days on the Market and CDOM means Cumulative Days on the Market.
Lake Oswego saw 13 new properties hit the market last week (these are properties that are brand new on the market -or- have been off the market for a minimum of 30 days). There were actually 27 properties showing “new” on RMLS in Lake Oswego and as you can see, only 13 of them were truly new listings. We had 3 go pending, and 4 that closed.
There are all told, 300 residential properties for sale in Lake Owego on RMLS right now ranging from $76,500. to $19,500,000.
Now that we are into Daylight Savings Time, and are seeing the first hints that Spring is on the way, market activity typically begins to increase. There are many reasons for this, but the beautiful flowering of trees and gardens we’ll see shortly, teasers of sunny stretches (that make us think it is Summer already!), and of course the perception of longer days are not to be underestimated… I call these “human factors”. But then, all home buying and selling is based on human factors. Speaking of which… Is there a change you have been wanting to make in your life through buying and/or selling a home? If so, we would of course be happy to serve you in making your dreams a reality. Feel free to call or email anytime… We love hearing from our local and out-of-state readers, and enjoy meeting you and getting you settled in Lake Oswego!
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (March 2—March 8, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address
List Price
# Beds
# Baths
Tot. SF
Prop Type
List Date
44 EAGLE CREST DR
$124,950
1
1
798
CONDO
3/4/2009
86 KINGSGATE RD
$161,000
2
2
840
CONDO
3/2/2009
48 EAGLE CREST DR
$208,000
2
2
1,489
CONDO
3/8/2009
197 OSWEGO SMT
$264,197
2
2
1,383
CONDO
3/3/2009
605 Ash ST
$279,900
3
2
1,528
DETACHD
3/4/2009
2001 BONNIEBRAE DR
$299,000
3
2.1
1,819
ATTACHD
3/2/2009
1140 HALLINAN CT
$339,895
3
2
1,875
DETACHD
3/8/2009
5785 SW CARMAN DR
$364,800
3
1.1
1,934
DETACHD
3/4/2009
907 BULLOCK ST
$369,950
4
2
2,020
DETACHD
3/4/2009
5675 CHILDS RD
$419,000
2
2.1
1,644
DETACHD
3/5/2009
2838 GREENTREE RD
$429,950
4
2.1
1,781
DETACHD
3/3/2009
550 MIDDLECREST RD
$749,900
3
2.1
2,240
DETACHD
3/4/2009
100 3RD ST
$2,495,000
3
3.1
3,600
DETACHD
3/2/2009
PENDING SALES (March 2—March 8, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQFT
PROP TYPE
DOM
Address
List Price
# Beds
# Baths
Tot. SF
Prop Type
CDOM
5063 FOOTHILLS DR
$230,000
2
2
991
CONDO
8
3190 DUNCAN DR
$289,900
3
2.1
2,401
DETACHD
80
1265 ROCKINGHORSE LN
$444,000
4
3
2,402
DETACHD
237
SOLD (March 2—March 8, 2009)
ADDRESS
ORIG. PRICE
SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
O/Price
Close Price
# Beds
# Baths
Tot. SF
Prop Type
CDOM
136 OSWEGO SMT
$142,000
$140,000
1
1
764
CONDO
10
3433 MCNARY PARKWAY
$189,900
$167,000
2
2.1
1,208
CONDO
105
95 KINGSGATE RD
$325,000
$314,500
3
2.1
1,669
DETACHD
51
353 ASH ST
$409,900
$409,000
3
3.1
2,765
DETACHD
96
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. CDOM stands for cumulative days on market, which includes any re-listing and measures from the initial listing date.
Linda and I work very hard to have our weekly market activity reports posted on Mondays. Yesterday was full of computer challenges and created a delay. So you are getting the report on Tuesday. Thanks for your patience.
Lake Oswego had 16 New Listings, 9 Pending Sales, and 9 Closed Sales:
NEWLY LISTED (February 23—March 1, 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
5063 FOOTHILLS DR
$230,000
2
2
991
CONDO
2/23/2009
15010 TWIN FIR RD
$294,900
8
4
3,526
DETACHD
2/25/2009
13805 REGENCY CT
$419,000
4
2.1
2,045
DETACHD
2/27/2009
16026 PARKER RD
$425,000
3
1
1,670
DETACHD
3/1/2009
3311 FIR RIDGE RD
$459,000
3
2.1
2,112
DETACHD
2/25/2009
20 NORTHVIEW CT
$499,999
3
3.1
2,827
ATTACHD
2/26/2009
2084 RIDGEWOOD RD
$519,900
3
2.1
2,117
DETACHD
2/28/2009
12836 SIERRA VISTA DR
$529,000
3
2.1
2,166
DETACHD
2/26/2009
3140 ROSEMARY LN
619000
4
2.1
3,000
DETACHD
2/27/2009
17675 CARDINAL DR
699000
3
3
3,458
DETACHD
2/23/2009
17751 MARYLCREEK DR
719000
4
3
3,505
DETACHD
2/23/2009
5868 SUNCREEK DR
749900
4
2.1
3,174
DETACHD
2/23/2009
4114 CASEY CT
949000
4
2.1
3,405
DETACHD
2/27/2009
1176 TROON RD
985000
3
2
3,022
DETACHD
2/23/2009
3203 Southshore BLVD
1299900
4
3.1
3,773
DETACHD
2/23/2009
17147 OLD RIVER DR
2795000
5
4.2
5,961
DETACHD
2/25/2009
PENDING SALES (February 23—March 1, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
#BR
#BTHS
Total SF
Prop Type
CDOM
4640 LOWER DR
$115,000
2
1.1
1,170
CONDO
572
4 TOUCHSTONE DR
$159,500
3
2.1
1,351
CONDO
45
2800 WEMBLEY PARK RD
$374,500
3
2
1,575
DETACHD
10
1228 HALLINAN CIR
$389,000
4
2
1,932
DETACHD
7
4 OTHELLO ST
$399,900
4
3
2,184
DETACHD
111
221 HIDALGO ST
$419,500
3
2.1
2,628
DETACHD
54
16919 LAKERIDGE DR
$449,900
5
3
2,710
DETACHD
189
762 3RD ST
$650,000
3
2.1
2,710
DETACHD
198
1670 PINE ST
679987
4
3.1
3,286
DETACHD
565
SOLD (February 23—March 1, 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
$114,950
$114,950
1
1
798
CONDO
7
86 KINGSGATE RD
$145,000
$145,000
2
2
938
CONDO
31
15848 PARKER RD
$187,500
$177,000
3
2
1,318
DETACHD
17
1400 PARRISH ST
$299,999
$290,000
3
2.1
1,880
CONDO
143
6067 CLAIRMONT CT
$529,000
$510,000
4
2.1
2,344
DETACHD
11
5624 SOUTHWOOD DR
$740,000
$525,000
4
3
3,120
DETACHD
514
5299 WESTFIELD CT
$799,900
$555,000
3
2.1
2,865
DETACHD
156
17561 SHEPHERDS CT
$765,900
$589,000
4
2.1
3,011
DETACHD
347
5406 LANGFORD LN
795000
795000
3
2.1
3,341
DETACHD
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.
Lake Oswego saw 16 new properties hit the market last week (these are properties that are brand new on the market -or- have been off the market for a minimum of 30 days). We had 7 go pending, and 4 that closed.
As in my last Market Activity Report on Feb. 9th, we’ve got a good mix of properties that have been on the market for quite awhile selling and going to Pending status, as well as a good number that have been on the market a relatively short period of time. For what it’s worth, my interpretation of this is that prices are coming in line with consumer demand, i.e., homes that have been on the market awhile are at prices agreeable to buyers, and newer listings are starting out at prices that are more in line with buyer expectations. That said, we can’t really see what the Pending sale prices will be until they actually close. So… stay tuned to the Blotter for that info as it becomes available.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (February 16—February 22, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address
List Price
# Beds
# Baths
Tot. SF
Prop Type
List Date
44 EAGLE CREST DR
$135,900
1
1
798
CONDO
2/20/2009
1615 HALLINAN ST
$285,000
3
1.1
1,500
DETACHD
2/17/2009
18543 LONGFELLOW AVE
$339,900
3
1.1
1,279
DETACHD
2/16/2009
2800 WEMBLEY PARK RD
$374,500
3
2
1,575
DETACHD
2/17/2009
1228 HALLINAN CIR
$389,000
4
2
1,932
DETACHD
2/19/2009
200 BURNHAM RD
$399,000
3
2
1,960
CONDO
2/18/2009
19210 MAREE CT
$415,000
3
2.1
1,634
DETACHD
2/17/2009
221 HIDALGO ST
$419,500
3
2.1
2,628
DETACHD
2/16/2009
131 WILBUR ST
$450,000
2
2
1,312
DETACHD
2/22/2009
905 COUNTRY CLUB RD
399000 – 458876
3
2.1
2,817
DETACHD
2/19/2009
18055 CENTRAL AVE
$495,000
3
1
1,202
DETACHD
2/17/2009
8 WALKING WOODS DR
$519,900
4
3
3,402
DETACHD
2/17/2009
497 ASH ST
$598,800
6
3
3,840
DETACHD
2/18/2009
4605 CHELSEA LN
$752,000
4
2.1
3,411
DETACHD
2/17/2009
1065 LUND ST
$869,000
5
3.1
4,584
DETACHD
2/17/2009
17540 RIDGEVIEW LN
$1,285,000
4
3.1
4,345
DETACHD
2/19/2009
PENDING SALES (February 16—February 22, 2009)
ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
List Price
# Beds
# Baths
Tot. SF
Prop Type
List Date
CDOM
17304 MARJORIE AVE
$333,000
3
1.1
1,340
DETACHD
2/3/2009
16
178 PINE VALLEY RD
$475,000
5
3.1
2,999
DETACHD
2/12/2009
6
964 COUNTRY COMMONS LN
$499,000
3
2.1
2,065
DETACHD
1/23/2009
27
4676 WINTHROP CT
$557,750
4
2.1
3,112
DETACHD
11/18/2008
172
625 CLARA CT
$587,500
3
2.1
2,532
DETACHD
9/4/2008
297
731 F AVE
$624,900
4
2.1
2,668
DETACHD
1/16/2009
327
17860 CRESTLINE DR
$2,795,000
4
5.2
6,810
DETACHD
10/21/2008
485
SOLD (February 16—February 22, 2009)
ADDRESS
ORIG. PRICE
SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address
O/Price
Close Price
# Beds
Tot. Baths
Tot. SF
Prop Type
List Date
CDOM
3 THE GROTTO
$300,000
$292,000
3
2
1,688
DETACHD
11/5/2008
274
4451 BERNARD ST
$349,950
$330,000
3
2
1,800
DETACHD
10/29/2008
190
4 BRITTEN CT
$429,000
$399,000
3
2.1
1,972
ATTACHD
11/4/2008
74
4280 CHAPMAN WAY
$469,000
$441,000
3
2
1,947
DETACHD
12/15/2008
105
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.