A rare bit of personal whimsy from me on this page~ My Dad had a philosophy about “cheering for the underdog”. I am pretty supportive of great success, so have never really waved this flag high, and am enthusiastic about “big”…as long as it’s Good. 😉 I DO have a long-standing preference for supporting smaller, sometimes family-owned businesses. I married a man who Loves animals, and so founded and runs a natural pet supply store. I like these kinds of people. So, when you work with me, the list of contractors I recommend are people I’ve usually known for some time, are licensed, bonded and trustworthy, and have a history of doing great work for often less than “big” cost. Just musing about that and the origins. ***Support local business!***
Market Activity ~ Sept 3-9, 2018
Greetings Property Blotter readers1
There are 315 homes for sale in Lake Oswego. Last week 18 New properties entered the market, 12 moved to Pending status, and 18 were “Closed”/Sold.
Following is the breakdown for you according to RMLS:
NEW on Mkt (Sep 3-9, 2018)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 3668 SPRING LN/Upper | $284,900 | 2 | 2 | 1117 | CONDO |
| 4433 THUNDER VISTA LN/Grnd | $370,000 | 3 | 2.1 | 2002 | CONDO |
| 5305 KENNY ST | $425,000 | 3 | 1 | 1170 | DETACHD |
| 391 LIVINGOOD LN | $540,000 | 5 | 3 | 3872 | DETACHD |
| 13422 AUBURN CT | $639,698 | 3 | 2.1 | 2612 | ATTACHD |
| 38 BRIARWOOD RD | $800,000 | 7 | 2.2 | 2554 | DETACHD |
| 13459 PROVINCIAL HILL WAY | $819,900 | 3 | 2.1 | 2896 | DETACHD |
| 1041 CHANDLER RD | $899,000 | 3 | 2 | 1696 | DETACHD |
| 161 FURNACE ST/Main | $950,000 | 2 | 2 | 2134 | CONDO |
| 4105 PFEIFER CT | $989,000 | 5 | 2.1 | 4176 | DETACHD |
| 548 4TH ST | $1,195,000 | 3 | 4.1 | 3186 | TOWNHSE |
| 13659 WESTLAKE DR | $1,350,000 | 4 | 3.1 | 4274 | DETACHD |
| 2148 SUMMIT DR | $1,495,000 | 5 | 2.1 | 3883 | DETACHD |
| 3123 DOUGLAS CIR | $1,549,000 | 4 | 3.1 | 3664 | DETACHD |
| 3177 STONEBRIDGE WAY | $1,598,000 | 4 | 4.2 | 5097 | DETACHD |
| 3817 UPPER DR | $1,629,000 | 4 | 3.1 | 4246 | DETACHD |
| 1978 EGAN WAY | $1,698,000 | 4 | 5.2 | 6761 | DETACHD |
| 1527 LAKE FRONT RD | $5,295,000 | 5 | 6.1 | 7220 | DETACHD |
PENDING SALES (Sep 3-9, 2018)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 15938 QUARRY RD A1 | $219,900 | 2 | 1 | 996 | CONDO | 3 |
| 210 S STATE ST #7 | $299,400 | 3 | 2 | 1284 | CONDO | 125 |
| 40 WHEATHERSTONE | $429,000 | 3 | 2.1 | 1692 | CONDO | 35 |
| 19071 LONGFELLOW AVE | $465,000 | 3 | 1 | 1152 | DETACHD | 95 |
| 17797 OVERLOOK CIR | $499,900 | 4 | 2.1 | 2908 | DETACHD | 71 |
| 18421 INDIAN CREEK DR | $515,000 | 3 | 2 | 1836 | DETACHD | 4 |
| 17226 TUALATIN ST | $629,000 | 4 | 2.1 | 1984 | DETACHD | 102 |
| 5668 VICTORIA CT | $729,000 | 4 | 2.1 | 3024 | DETACHD | 5 |
| 13822 MELROSE PL | $995,000 | 4 | 3.1 | 3529 | DETACHD | 51 |
| 624 ATWATER RD | $1,250,000 | 5 | 3.1 | 4463 | DETACHD | 4 |
| 4287 HAVEN ST | $1,299,950 | 4 | 3.1 | 4007 | DETACHD | 56 |
| 18284 MEADOWLARK LN | $1,375,000 | 5 | 5.1 | 5425 | DETACHD | 3 |
SOLD (Sep 3-9, 2018)
| Address | Opening Price | Closed Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 4 TOUCHSTONE #122 | $186,000 | $169,200 | 2 | 2 | 984 | CONDO | 44 |
| 47 EAGLE CREST DRbb#15 | $185,000 | $182,000 | 2 | 1 | 1009 | CONDO | 8 |
| 209 OSWEGO SMT / Upper | $250,000 | $245,000 | 2 | 2 | 1383 | CONDO | 27 |
| 12868 BOONES FERRY RD | $399,900 | $385,500 | 2 | 2.1 | 1136 | CONDO | 63 |
| 4862 INDIAN CREEK CT | $499,990 | $499,990 | 3 | 2 | 1390 | DETACHD | 45 |
| 3585 LAKE GROVE AVE | $550,000 | $545,000 | 4 | 2 | 1575 | DETACHD | 46 |
| 26 PARTRIDGE LN | $550,000 | $550,000 | 4 | 3 | 2464 | DETACHD | 4 |
| 31 WESTRIDGE DR | $619,000 | $641,500 | 5 | 2.1 | 3492 | DETACHD | 5 |
| 18028 WESTMINSTER DR | $805,000 | $670,000 | 4 | 3.1 | 4501 | DETACHD | 116 |
| 1445 GREENTREE CIR | $675,000 | $675,000 | 4 | 3 | 2842 | DETACHD | 37 |
| 13984 CHELSEA DR | $849,000 | $807,500 | 4 | 2.1 | 3216 | DETACHD | 86 |
| 17851 WESTVIEW DR | $869,000 | $840,000 | 4 | 3.1 | 3433 | DETACHD | 146 |
| 927 OAK ST | $895,000 | $875,000 | 5 | 3.1 | 2864 | DETACHD | 50 |
| 17637 WOODHURST PL | $949,500 | $925,000 | 5 | 3.2 | 4833 | DETACHD | 104 |
| 18955 BRYANT RD | $998,900 | $975,000 | 4 | 2.1 | 3647 | DETACHD | 73 |
| 13857 AMBERWOOD CIR | $995,000 | $980,000 | 4 | 2.1 | 3916 | DETACHD | 7 |
| 2107 GOODALL CT | $1,079,000 | $1,000,000 | 4 | 3 | 3029 | DETACHD | 82 |
| 13910 STAMPHER RD | $1,950,000 | $1,750,000 | 4 | 3.1 | 4488 | DETACHD | 35 |
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.
Tips & Tidbits ~ Contract Timelines
* Make sure to pay attention to timelines in the contract.
I’ve talked about these things herein before, but I think it was a few years back, so here’s a refresher~
Buyers: For instance: The typical scenario is 10 business-days for Inspections. In this situation I try to schedule any Inspections sooner rather than later so as to give time for thought on the Buyers’part, and/or additional Inspections or estimates for any repairs. You need to keep in mind that any repairs need to be negotiated *prior* to 5PM on that last business day of your Inspection Period. If you are the Buyer, don’t wait till the last second to approach these issues with the Seller (i.e with your Realtor). Once you pass the 5PM deadline, if you’ve done so without negotiating repairs, you’re moving forward without repairs ; )
Another example is the Closing Date– The Closing Date in the contract is an “On or Before” date. If you are the Buyer in a transaction, and the Lender tells you at the last minute that they’re not going to make that date and says “Oh, just extend the Closing Date”, you can indeed to that with an Addendum… IF THE SELLER ALSO AGREES IN WRITING. Keep in mind that its always possible that the Seller has received a verbal or other Offer higher than yours during the process that might be tempting, or that their timeline may be “do or die” because of how the dominoes fall on their end (moving van schedules, Closing on another transaction, etc). So…Usually people will agree to this, but as the Buyer, your Earnest Money is on the line if you do not meet your agree-upon timelines.
The same goes for Sellers– You must deliver Possession on the date and time agreed, for instance.
If a Buyer sends you a Repair Addendum and you do not respond by close to 5PM on the 10th business day (well before that would be recommended : ) your Buyer could misinterpret your lack of response as a signal that you are pushing them beyond where they’re comfortable and leaving them with repairs they do not want to take on. They may pull their Offer so as to protect themselves. That would not be good.
As in all things, just proceed with Good Faith! And in a home-selling/buying situation, abide by the timelines and you’ll be fine!