Tag: Walk to Farmer’s Market

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Market Activity April 29-May 5, 2013

I’ve got to say that real estate has become fun again. It is so nice to have happy people to work with and all of this gorgeous spring weather. Buyers are happy because prices are good and interest rates are low. Sellers are happy because their homes are selling quickly at and above the list price. All the way around it’s a win/win.

Last week in Lake Oswego there were 19 new listings, 34 pending sales, and 21 closed sales.

Here are further details regarding last week’s Market Activity, according to RMLS:

NEW SALES (Apr 29-May 5, 2013):

Address Type Price BR Bths SF
5225 Jean Rd #401 Condo $169,900 2 2 1080
16250 Pacific Hwy #45 Condo $195,000 2 2 1311
13 Erasmus St Attached $234,900 2 2.5 1256
4260 Southshore Blvd Detached $319,000 2 2 1268
1425 Greentree Circle Detached $339,000 3 2 1809
1407 Greentree Circle Detached $459,000 4 2.5 2201
14360 Uplands Dr Detached $468,000 4 2.5 2943
805 Hemlock St Detached $474,900 4 3 2491
303 Lake Bay Ct Detached $485,000 3 2.5 1560
2188 Overlook Dr Detached $499,900 4 2.5 2618
15964 Parker Rd Detached $549,900 3 2.5 2936
4846 Lower Dr Detached $589,900 5 4 2650
4311 Orchard Way Detached $614,000 3 2.5 2804
4850 Lower Dr Detached $624,900 4 3 2611
17151 Wall St Detached $675,000 5 4 4141
13680 Knaus Rd Detached $799,000 3 2.5 3006
4540 Lamont Way Detached $949,950 4 2.5 3555
2240 Summit Ct Detached $2,595,000 3 3.5 5036
1719 Lake Front Rd Detached $3,399,000 4 5.5 5251

PENDING SALES (Apr 29-May 5, 2013)

Address Type Price BR Baths SF DOM
4 Touchstone #68 Condo $112,500 2 2 984 6
45 Eagle Crest #305 Condo $124,700 2 1.5 1056 44
1127 Cedar St Detached $219,000 1 1 1070 37
16164 Parker Rd Detached $219,900 3 1 1080 282
5333 Tree St Detached $259,500 3 1 1114 2
14854 Twin Fir Rd Detached $297,500 3 2 1287 13
102 Kingsgate Rd Detached $305,000 3 2.5 1727 3
14 Polonius Detached $329,900 4 4 2828 10
13901 Sundeleaf Dr Detached $359,900 4 3 1900 103
1297 Hide A Way Detached $367,500 3 2.5 1832 3
1651 Larch ST Detached $369,900 4 3 2225 3
1257 Hallinan Circle Detached $375,000 4 2.5 2548 2
2510 Park Rd Detached $395,000 3 2.5 1960 0
3554 Tempest Dr Detached $399,000 3 2.5 2279 3
18962 Terry Ave Detached $412,500 4 2 1860 6
17438 Cardinal Dr Detached $420,000 4 2.5 2286 29
22 Othello St Detached $429,900 3 2.5 2168 3
4914 Mulholland Dr Attached $439,900 3 2.5 2500 2
6132 Summer Woods Detached $515,000 4 2.5 2811 3
4007 Bass Ln Detached $517,900 4 3 2701 46
13658 Shireva Dr Detached $549,900 3 3 3502 31
720 Maple St Detached $619,000 3 2.5 3966 483
108 3rd St Detached $625,000 1 1 1017 363
320 Berwick Rd Detached $649,000 3 2 2780 2
17363 Grandview Ct Detached $649,900 3 3.5 4218 89
1579 Bay View Ln Detached $659,698 4 3 4685 133
13554 Peters Rd Detached $709,000 3 3 3036 90
2860 Upper Dr Detached $748,500 4 3.5 3938 101
940 Cumberland Rd Detached $799,000 4 3 3062 71
2371 Palisades Crest Dr Detached $849,000 4 3 4182 2
4245 Westbay Rd Detached $949,000 3 2 1966 9
13728 Knaus Rd Detached $1,025,000 4 3.5+.5 4041 2
1075 Chandler Rd Detached $1,495,000 5 4.5 5710 21
907 Terrace Dr Detached $1,795,000 4 4.5+.5+.5 6919 572

SOLD (Apr 29-May 5, 2013)

Address Type List Price Closed Price Sq Ft CDOM
5831 Seville Ave Detached $185,000 $170,000 1320 126
5053 Foothills Dr H Condo $200,000 $191,200 1252 8
5020 Lakeview Blvd Detached $239,900 $242,900 1192 1
1287 Boca Ratan Dr Condo $275,000 $275,000 1,611 63
12439 Orchard Hill Rd Detached $345,000 $345,000 1513 2
2593 Greentree Rd Detached $359,900 $359,900 2215 7
1621 Larch St Detached $395,000 $362,000 3040 138
29 Partridge Ln Detached $419,000 $397,300 3109 228
5099 Galen St Detached $429,500 $429,500 2246 3
16621 Graef Circle Detached $499,500 $437,500 2170 21
18895 Indian Springs Rd Detached $439,000 $444,000 2860 20
17125 Warren Ct Detached $489,900 $482,750 2705 5
5450 Bay Creek Dr Detached $525,000 $520,000 2386 5
16792 Quail Ct Detached $562,950 $535,500 3050 163
1492 Glenmorrie Dr Detached $569,000 $549,000 4096 174
4767 Dogwood Dr Detached $769,900 $660,000 3964 495
2088 Lilli Ln Detached $675,000 $665,000 4101 16
3300 River Woods Pl Detached $759,000 $755,000 3642 2
4311 Haven St Detached $864,000 $868,000 3816 16
1000 Upper Devon Ln Detached $995,000 $870,000 3535 472
2057 Summit Dr Detached $995,000 $975,000 4589 170

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

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Market Activity ~ Apr 22-28, 2013

Lots of steady activity during the last 7 days in Lake Oswego with 20 New properties listed, 23 going to Pending status, and 11 Sold.

Here are further details regarding last week’s Market Activity according to RMLS:

NEW SALES (Apr 22-28, 2013):

Address List Price # Beds # Baths Total SF Prop Type
4 TOUCHSTONE #68 $112,500 2 2 984 CONDO
4043 JEFFERSON PKWY $165,000 2 2.1 1182 CONDO
5225 JEAN RD #306 $170,000 2 2 1400 ATTACHD
482 S STATE ST #3B $195,900 2 1 1659 CONDO
1755 KILKENNY RD $275,000 3 1 1725 DETACHD
5895 BURMA RD $334,900 4 2.1 1781 DETACHD
1685 MAPLELEAF RD $349,900 3 2 1426 DETACHD
536 2ND ST $379,000 2 2.1 1394 CONDO
15540 PARTRIDGE DR $419,900 4 3 2203 DETACHD
4914 MULHOLLAND DR $439,900 3 2.1 2500 ATTACHD
4956 GALEN ST $474,045 4 2.1 2391 DETACHD
20 WALKING WOODS DR $475,000 5 3 3144 DETACHD
6132 SUMMER WOODS $515,000 4 2.1 2811 DETACHD
18183 WESTMINSTER DR $558,000 3 2.1 3066 DETACHD
13005 ROGERS RD $569,900 3 2.2 2917 DETACHD
5555 FIELDSTONE CT $589,500 3 2.1 2664 DETACHD
14146 EDENBERRY DR $725,000 4 2.1 3100 DETACHD
4245 WESTBAY RD $949,000 3 2 1966 DETACHD
2965 TOLKIEN LN $949,800 4 3 4337 DETACHD
16818 ALDER CIR $1,295,000 3 2 1674 DETACHD

PENDING SALES (Apr 22-28, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
208 RIDGEWAY RD $135,500 1 1 778 CONDO 48
4075 JEFFERSON PKWY #18 $172,500 2 2.1 1182 CONDO 4
3 PHEASANT RUN $224,900 3 2.1 1360 DETACHD 2
16250 PACIFIC HWY #64 $225,000 2 2 1305 CONDO 3
5881 FERNBROOK CIR $254,900 4 1 1416 DETACHD 11
52 GREENRIDGE CT $275,000 3 2.1 2524 ATTACHD 7
5686 WASHINGTON CT $310,000 2 2 1342 DETACHD 9
18917 REDWING WAY $324,900 3 1.1 1440 DETACHD 3
5753 WINDFIELD LOOP $330,000 3 2 1503 DETACHD 3
3192 DUNCAN DR $362,900 5 2.1 3139 DETACHD 406
821 EVERGREEN RD $394,900 2 1 920 DETACHD 10
4241 CHAPMAN WAY $399,000 4 2.1 2440 DETACHD 277
14466 HOLLY SPRINGS RD $425,000 5 3 2238 DETACHD 9
731 SUNNY HILL DR $439,698 3 2 2396 DETACHD 16
5498 ROYAL OAKS DR $550,000 4 2.1 2646 DETACHD 13
5711 VICTORIA CT $550,000 4 2.1 2768 DETACHD 61
828 ELLIS AVE $599,000 3 2 2145 DETACHD 1
5570 KILCHURN AVE $649,900 4 2.1 2931 DETACHD 5
2002 CEDAR CT $659,000 3 2 2945 DETACHD 4
5218 WESTFIELD CT $665,900 4 2.1 3107 DETACHD 22
13430 ATWATER LN $695,000 4 3 3557 DETACHD 6
1541 MAPLE ST $699,900 4 4 3215 DETACHD 4
3933 EDENS EDGE DR $995,000 4 3.1 4210 DETACHD 0

SOLD (Apr 22-28, 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
67 N CONDOLEA TER $300,000 $275,000 3 3 2373 CONDO 35
2550 GREENTREE RD $404,900 $330,000 4 3 2852 DETACHD 160
1674 FIRCREST DR $339,900 $349,900 4 2 1998 DETACHD 54
979 DEVON LN $385,000 $380,000 3 3.1 2162 DETACHD 243
2010 GREENTREE RD $420,000 $442,000 4 2.1 2330 DETACHD 4
14336 CAMDEN LN $432,500 $450,000 4 2.1 2398 DETACHD 2
17702 OVERLOOK CIR $465,900 $460,900 5 2.1 3490 DETACHD 32
17560 WESTVIEW DR $469,900 $469,900 3 2.1 2561 DETACHD 0
13282 BOONES FERRY RD $585,000 $568,000 4 2.1 3267 DETACHD 262
2415 PARK RD $609,000 $570,000 4 2.2 2581 DETACHD 285
1465 MORNING SKY CT $815,000 $805,000 5 3.1 4678 DETACHD 160

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

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Open Houses ~ April 28, 2013

There are 15 beautiful homes for you to tour this gorgeous, Lake Oswego Sunday according to RMLS.

Enjoy!

Address L/Price # Beds # Baths Total SF Prop Type Open
825 OAK ST $359,000 3 2 1350 DETACHD 1-3PM
14414 ORCHARD SPRINGS RD $379,900 3 2.1 1890 DETACHD 1-4PM
15540 PARTRIDGE DR $419,900 4 3 2203 DETACHD 1-3PM
8 HOTSPUR ST $450,000 3 2.1 1954 DETACHD 1-4PM
13658 SHIREVA DR $549,900 3 3 3502 DETACHD 12-3PM
5555 FIELDSTONE CT $589,500 3 2.1 2664 DETACHD 1-3PM
4137 ORCHARD WAY $599,900 5 2.1 3329 DETACHD 1-3PM
3130 WESTVIEW CT $649,000 4 3.1 3900 DETACHD 1-4PM
18460 RAY RIDGE DR $650,000 3 2.1 3241 DETACHD 1-3 PM
14350 MEADOW GRASS ST $674,900 4 3 3329 DETACHD 1-4PM
13430 ATWATER LN $695,000 4 3 3557 DETACHD 2-4PM
4912 FIRWOOD RD $949,888 4 4 7640 DETACHD 1-3PM
5320 CHILDS RD $989,400 5 3 4539 DETACHD 1-3PM
448 COUNTRY CLUB RD $1,595,000 4 3.1 4873 DETACHD 2-4PM
112 NORTHSHORE CIR $1,600,000 3 3.1 3632 DETACHD 11AM-4PM
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News & Notes – HUD Properties

HUD HomeWe’ve talked with you in the past about distressed property sales, and given you some tips on buying these unique homes; the  difference between short sales and  foreclosures, what to look out for etc.  Today I want to talk with you a bit about HUD properties.

HUD stands for “Housing and Urban Development”, as most of you know. You will sometimes see a foreclosure referred to as a “HUD Property”.  What this means is that, unlike a run-of-the-mill REO (bank-owned) property, in this instance, the home had an FHA loan that was defaulted upon. When this happens, a bank carrying the loan would file a claim with HUD.  Then HUD ends up with the property.

When you decide that you want to make an offer on a HUD property, it is wise to go in armed with some basic information.

  • First of all, your Realtor will want to check to see how long the property has been on the market.  If it has just gone on the market, you should know that the first 30 days of “bidding” are limited to Buyers who plan to live in the home, i.e. “Owner-Occupied”.  After that time elapses, if it is still on the market, it will open up for bids from “Investors” (anyone besides someone who plans to live in it falls into this category).
  • The second thing you want to do is decide whether you really want the property. If you do, then some number-crunching is in order, especially if the property has just recently gone on the market. Basically, HUD will start looking at “bids” after day 10, and these days, with the market getting more competitive, Buyers are often offering above asking price in order to compete.  Considering that the price on a HUD home is always determined by an FHA Appraisal that HUD has completed prior to listing, it might be wise to offer at least this price if the house is newly on the market, and more if you suspect there will be multiple offers. As always, discuss your options with your Realtor.
  • Speaking of this FHA Appraisal, there are significant benefits to a Buyer who secures FHA financing.  One being that the appraisal already paid for by HUD can be used, saving a Buyer $450.-$500. or more.
  • HUD homes are sold “As-Is”. Really. BUT, If you are getting an FHA loan, there are some interesting options here. If there are basic repairs they are typically noted in the FHA Appraisal, and the appraiser has already assigned a dollar-amount to each item (i.e., “needs stove”, “strap-in water heater” etc).  Taking a cap of $5,000. into consideration, these repairs can be added on to the sale price and rolled into the financing by the lender, for repairs to be completed after sale.
  • If a HUD home was built prior to 1978, and potentially has lead-based-paint, FHA will pay for a “Lead-Based Paint Stabilization Report”.  If  it is determined to have lead-based paint, however, my understanding is that the Buyer will need to do a “203-k” or “rehab”  loan in order to have the condition remediated.  Additionally, the transaction cannot “close” until the remediation paint job is approved by HUD. Discuss these potentialities with your lender rep prior to embarking down the path, so that you are prepared with “Plan B” should you end up in this situation.
  • When you have your Realtor check on status/how long the home has been on the market, etc., also make sure to ask about whether the subject property is designated as eligible for the “Good Neighbor Next Door” program. If you are employed as a teacher, EMT, police officer or fire fighter AND the HUD home is one that is eligible, you may be able to end up purchasing it for 50% of what you offer.
  • Escrow rules have changed as of January 2013.  The Buyer now selects the Escrow office/company that will be handling he transaction. This is good if you or your Realtor have an escrow officer or company that you prefer, however, please note that the Buyer also has to pay ALL escrow fees, even those traditionally paid by the Seller. Talk to your Realtor about the possibility of asking for your closing costs to be paid, and whether or not this might be a good solution for you.

As always, you’ll want to choose a Realtor who understands the ins & outs, helps you determine if a HUD property is right for you, and if so, helps you navigate gracefully around potential pitfalls.

I hope that this information has been helpful.  Granted, I just touched on an overview of things you might want to take into consideration. For more information on HUD Properties, visit: www.HudHomeStore.com . There is an FAQ section there that will answer many of your questions.

 

Very Best to you!

Linda

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Open Houses 4/21/13

It’s going to be a great day to tour open houses. The forecast is sunshine. Nothing like a beautiful spring day and 34 open houses to go and visit!

Time L/Price Address Bdrms Baths
1pm – 4pm $275,000 52 GREENRIDGE CT 3 2.1
1pm – 3pm $309,900 15205 BOONES WAY 3 2
1pm – 4pm $324,900 18917 REDWING WAY 3 1.1
1pm – 3pm $359,000 825 OAK ST 3 2
1pm – 4pm $359,000 19060 INDIAN SPRINGS CIR 3 2
12pm – 3pm $370,000 6173 WASHINGTON CT 2 2
1pm – 4pm $375,000 17521 HILL WAY 3 2
12pm – 4pm $399,000 4241 CHAPMAN WAY 4 2.1
2pm – 4pm $439,000 219 HIDALGO ST 4 3
1pm – 3pm $479,900 4890 SAGE HEN CIR 4 2.1
1:30pm – 3:30pm $499,950 7 WESTMINSTER DR 5 3
2pm – 4pm $529,900 4910 LOWER DR 3 2.1
2pm – 4pm $559,950 12723 ADRIAN CT 4 3
1pm – 3pm $579,000 4121 HEDGE NETTLE CT 3 2.1
11am – 1pm $599,000 14136 HEATHROW LN 4 2.1
1pm – 3pm $599,900 4137 ORCHARD WAY 5 2.1
1pm – 4pm $600,000 2322 STONEHURST CT 4 2.1
11am – 1pm $659,000 2002 CEDAR CT 3 0.2
2pm – 4pm $659,900 17393 GRANDVIEW CT 4 3.1
1pm – 3pm $674,900 14350 MEADOW GRASS ST 4 3
1pm – 3pm $749,000 19201 MAREE CT 5 2.1
1pm – 3pm $749,500 17485 BROOKHURST DR 4 3.1
1pm – 4pm $819,900 5676 SUNCREEK DR 4 3.1
1pm – 4pm $885,000 17340 CARDINAL DR 4 3
1:30pm – 3:30pm $894,900 1667 VILLAGE PARK LN 5 3.1
12:30pm – 2:45pm $895,000 16805 SCOTT CT 3 3.1
1pm – 3pm $949,888 4912 FIRWOOD RD 4 4
1pm – 3pm $969,000 760 7TH ST 4 4.1
1pm – 3pm $987,000 310 IRON MOUNTAIN BLVD 4 2.2
1pm – 3pm $995,000 615 4TH ST 4 3
1pm – 3pm $1,130,000 2671 GLEN EAGLES RD 3 3
1pm – 3pm $1,175,000 12700 FIELDING RD 3 3
1:30pm – 4pm $1,299,000 18520 DELENKA LN 4 4
11am – 4pm $1,625,000 112 NORTHSHORE CIR 3 3.1
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Market Activity ~ April 8-14, 2013

It’s “Nothing but up”, as far as market trends in Lake Oswego and the greater Portland area go.

Last week Lake Oswego saw 24 New properties enter the market, 26 go to Pending status, and 13 properties Sold.

Here are further details regarding last week’s Market Activity according to RMLS:

NEW SALES (Apr 8-14, 2013):

Address List Price # Beds # Baths Total SF Prop Type
200 BURNHAM RD #104 $115,000 1 1 858 CONDO
15938 QUARRY RD B-4 $149,000 2 1 991 CONDO
5881 FERNBROOK CIR $254,900 4 1 1416 DETACHD
6024 FERNBROOK CIR $349,900 3 2 1470 DETACHD
13242 VERMEER DR $408,000 3 2.1 2100 DETACHD
14466 HOLLY SPRINGS RD $425,000 5 3 2238 DETACHD
1952 PARK FOREST AVE $444,900 5 3 2856 DETACHD
14371 SHERBROOK PL $467,500 3 2.1 2550 DETACHD
6192 HARRINGTON AVE $499,000 5 3 2817 DETACHD
7 WESTMINSTER DR $499,950 5 3 2974 DETACHD
5498 ROYAL OAKS DR $550,000 4 2.1 2646 DETACHD
2360 GREENTREE RD $559,000 3 2.5 2271 DETACHD
4137 ORCHARD WAY $599,900 5 2.1 3329 DETACHD
16723 BONAIRE AVE $619,500 4 3 2847 DETACHD
18673 WESTVIEW DR $649,000 3 3 3355 DETACHD
5384 WASHINGTON CT $699,900 4 3.1 3228 DETACHD
400 IRON MOUNTAIN BLVD $765,968 4 2.1 3416 DETACHD
13677 FIELDING RD $950,000 4 3.1 4070 DETACHD
3729 ELEANOR CT $978,500 4 4.1 4061 DETACHD
455 FURNACE ST $1,170,000 4 3.1 4000 DETACHD
17600 UPPER CHERRY LN $1,190,000 4 3.1 3867 DETACHD
17226 CHAPIN WAY $1,395,000 4 3.1 4917 DETACHD
1115 LAKE FRONT RD $1,839,000 4 4 3900 DETACHD
890 Lake Shore RD $2,450,000 3 3.1 3555 DETACHD

PENDING SALES (Apr 8-14, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
41 OSWEGO SMT $95,000 1 1 764 CONDO 27
3433 MCNARY PKWY #106 $114,900 2 2 1008 CONDO 30
235 CERVANTES $119,900 2 2 1100 CONDO 44
1127 CEDAR ST $219,000 1 1 1070 DETACHD 8
12 WHEATHERSTONE $229,900 3 2.1 1692 ATTACHD 2
5860 LAKEVIEW BLVD $232,000 3 1 1435 DETACHD 33
92 WHEATHERSTONE $250,000 3 3.1 2436 CONDO 25
18816 LONGFELLOW AVE $289,900 3 1 1033 DETACHD 6
1659 OAK ST $349,900 3 2.1 1885 DETACHD 109
4241 CHAPMAN WAY $399,000 4 2.1 2440 DETACHD 264
1941 PARK FOREST CT $400,000 4 3 2800 DETACHD 291
4995 OAKRIDGE RD $450,000 4 3 2232 DETACHD 5
7 HILLSHIRE DR $499,500 5 3 2978 DETACHD 3
13437 PROVINCIAL HILL WAY $579,900 4 2.1 2833 DETACHD 38
19310 RIVERWOOD LN Lt 9W $649,900 5 4 3110 DETACHD 99
2479 PALISADES CREST DR $664,500 5 3.1 6640 DETACHD 510
5148 WOODCREST LN $665,000 5 3 3110 DETACHD 8
5218 WESTFIELD CT $665,900 4 2.1 3107 DETACHD 8
868 7TH ST $699,750 4 3 2690 DETACHD 26
1985 COUNTRY CLUB RD $699,999 5 4 3630 DETACHD 336
3315 CEDAR CT $744,000 4 3.1 3712 DETACHD 46
4190 CHAD DR $749,500 4 3.1 3756 DETACHD 18
1301 HORSESHOE CURV $795,000 3 3 2060 DETACHD 3
14393 SW AMBERWOOD CIR $820,000 5 3.1 3692 DETACHD 23
3115 Wembley Park RD $899,950 4 3.1 3600 DETACHD 523
399 Furnace ST $1,695,000 3 3.1 3664 ATTACHD 379

SOLD (Apr 8-14, 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
12623 SW BOONES FERRY RD $204,000 $242,077 2 2 1652 DETACHD 13
56 SW GREENRIDGE CT $259,000 $257,000 3 2.1 1996 CONDO 47
3190 DUNCAN DR $324,900 $308,000 3 2.1 2401 DETACHD 101
1670 FIRCREST DR $425,000 $395,000 4 3 2000 DETACHD 121
2 MOZARTEUM CT $417,000 $420,000 3 2.1 2254 DETACHD 4
600 MAPLE ST $445,500 $425,000 3 2.1 2416 DETACHD 121
3110 ROYCE WAY $460,000 $465,000 4 2.1 2732 DETACHD 9
686 SUNNY HILL DR $499,900 $480,000 4 2.1 2392 DETACHD 64
3763 TEMPEST DR $497,500 $484,000 5 2.1 2805 DETACHD 39
2227 HILLSIDE DR $495,000 $510,000 4 3 3003 DETACHD 5
18345 HEATHER ANN CT $665,000 $580,675 4 2.1 3336 DETACHD 253
13536 STREAMSIDE DR $649,000 $642,500 4 3.1 2857 DETACHD 22
3174 DOUGLAS CIR $999,000 $960,000 5 4.1 4600 DETACHD 23

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

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News & Notes

Here is the “just-released” data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) activity:

Well, Folks… The market is definitely picking up. Just take a look at how the numbers break out below. According to the RMLS Market Action Report for the Portland Metro Area March, 2013.

  • At 1,935, Closed Sales were the best since 2007, and a 40.6% increase over Feb. 2013!
  • There were 3,002 New Listings, which is an increase of 22.4% over Feb. 2013!
  • The Average Sale Price in March was $299,000, up from $282,000 in Feb. 2013.
  • Pending Sales increased from Feb. 2013 by 23.4% to 2,628.

For our Property Blotter readers, the combined area of Lake Oswego and West Linn also reported every sales aspect improving compared to last month:

    • 435 Active Listings
    • 183 New Listings
    • 154 Pending Sales
    • 125 Closed Sales
    • An average Sale Price of $494,900.
    • Average Time on the Market: 120 Days
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Market Activity April 1-7, 2013

Last week we saw 25 New properties entering the market, 12 go to Pending status, and 10 Selling in Lake Oswego.

Here are further details regarding last week’s Market Activity:

NEW SALES (April 1-7, 2013):

Address Type Price BR Bths SF
3930 Lake Grove Ave 3B Condo $136,000 2 1 952
45 Eagle Crest Dr #119 Condo $199,900 3 2 1348
51 Greenridge Ct Attached $205,000 2 2 1348
1127 Cedar St Detached $219,000 1 1 1070
18357 Heather Ann Ct Detached $409,000 3 2 1832
1402 Parrish St Attached $425,000 3 2.5 1862
219 Hidalgo St Detached $439,000 4 3 2980
14221 Dolph Ct Detached $465,000 3 2.5 2100
732 Clara Ct Detached $499,900 4 3.5 2935
4910 Lower Dr Detached $529,900 3 2.5 2151
12723 Adrian Ct Detached $569,950 4 3 3219
13658 Shireva Dr Detached $570,000 3 3 3502
3601 Red Cedar Way Detached $629,000 4 2 2250
5148 Woodcrest Ln Detached $665,000 5 3 3110
471 Country Club Ct Detached $779,000 4 3 2962
1301 Horseshoe Curve Detached $795,000 3 3 2060
5676 Suncreek Dr Detached $819,900 4 3.5 3312
18383 Old River Dr Detached $850,000 4 4.5 4548
878 7th St Detached $889,000 4 3.5 2858
3720 Marquis Ct Detached $919,000 4 2.5+.5 4795
72 Nansen Summit Detached $1,100,000 4 3 4770
2671 Glen Eagles Rd Detached $1,130,000 3 3 2851
17282 Lake Haven Dr Detached $1,195,000 4 2.5 3664
17152 Cedar Rd Detached $1,295,000 4 2.5 3175
13764 Knaus Rd Detached $1,395,000 4 4.5 4805

PENDING SALES (April 1-7, 2013)

Address Type Price BR Baths SF DOM
3906 Carman Dr Condo $176,300 3 2.5 1354 11
1132 Cedar St Detached $199,500 3 1.5 1276 0
5053 Foothills Dr H Condo $200,000 3 2 1252 8
1240 Cedar St Detached $244,900 3 1 1044 2
17438 Cardinal Dr Detached $420,000 4 2.5 2286 5
17433 Schalit Way Detached $436,000 4 2.5 2350 2
1429 Greentree Circle Detached $445,000 4 2.5 2599 298
5624 Southwood Dr Detached $575,000 4 3 3120 6
3480 Upper Dr Detached $749,000 3 2.5 2571 17
3101 Douglas Circle Detached $1,025,000 5 4.5 4430 309
18132 Siena Dr Detached $1,089,000 4 3.5 3565 489
17225 Kelok Rd Detached $1,195,000 4 3.5 4161 474

SOLD (April 1-7, 2013)

Address Type List Price Closed Price Sq Ft CDOM
47 Eagle Crest Dr #13 Condo $89,950 $89,000 932 5
245 Cervantes Condo $110,000 $125,110 1265 10
1547 Boca Ratan Dr Attached $188,950 $175,000 1008 28
10 Summit Ridge Attached $325,000 $325,000 1642 3
4263 Harvey Way Detached $355,000 $339,000 1640 180
12 Abelard St Detached $339,000 $352,000 2344 6
13005 Princeton Ct Detached $413,000 $398,000 2294 141
2618 Palisades Crest Detached $795,000 $733,000 5169 220
786 7th St Detached $859,000 $873,895 2825 84

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

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Open Houses 4/7/12

There are 22 houses being held open in Lake Oswego this Sunday. Enjoy!

Address Type Price Bedroom Bath Open
4417 Thunder Vista Ln Attached $192,600 2 2 1 to 3
5056 Foothills Dr D Condo $259,000 2 2 1 to 4
15205 Boones Way Attached $309,900 3 2 3 to 5
14550 Doris Ave Detached $349,900 3 1.5 1 to 3
18357 Heather Ann Ct Detached $409,000 3 2 1 to 3
17433 Schalit Way Detached $436,000 4 2.5 1 to 3
2234 Fernwood Circle Detached $499,900 4 3 1 ro 4
4007 Bass Ln Detached $517,900 4 3 1 to 3
12723 Adrian Ct Detached $569,950 4 3 2 to 4
4121 Hedge Nettle Ct Detached $579,000 3 2.5 1 to 4
1921 Glenmorrie Ln Detached $624,000 3 3 2 to 4
3601 Red Cedar Way Detached $650,000 3 2.5 1 to 4
18460 Ray Ridge Dr Detached $650,000 3 2.5 1 to 3
17393 Grandview Ct Detached $659,900 4 3.5 1 to 3
5501 Rachel Ln Detached $699,000 4 2.5+.5 12 to 3
868 7th St Detached $699,750 4 3 1 ro 3
18383 Old River Dr Detached $850,000 4 4.5 1 ro 3
16805 Scott Ct Detached $892.00 4 3.5 2 to 4
1667 Village Park Ln Detached $899,000 5 3.5 1 to 3
12700 Fielding Rd Detached $1,175,000 3 3 1 to 3
112 Northshore Circle Detached $1,625,000 3 3.5 11 to 4
448 Country Club Rd Detached $1,695,000 4 3.5 2 to 4
Posted on

This is important because We Love LO!

In 1978 the State of Oregon mandated that individual communities develop and maintain a comprehensive plan. This plan becomes a road map for the future. How does the community support growing populations, economic development, and prioritize resources? The last time Lake Oswego updated its comprehensive plan was in 1994. With 16 years since being updated, in 2010 the State of Oregon told the City of Lake Oswego to update the comprehensive plan and gave the City 3 years to do so.

In the last 3 years over 2000 citizens of the community have participated in a lengthy process of meeting, discussing, and giving in-put as to what the vision of Lake Oswego should look like in 2035. This was a very involved process that included the school district, neighborhood associations, business associations, and open public forums. In fact, the City received the National Planning Excellence Award for Communications Initiative from the American Planning Association for this effort.

The comprehensive plan has 7 action areas:

• Healthy Ecosystems
• Community Health and Public Safety
• Connected Community
• Inspiring Places and Spaces
• Economic Vitality
• Complete Neighborhoods and Housing
• Community Culture

These action areas support a wide variety of goals. Much emphasis is placed on livability and there was a strong consensus that walking, biking, and public transportation should be encouraged. Value is placed on high-quality schools, library, and recreational opportunities. Economic diversity is encouraged and the support of local businesses is a goal.

Think about it, the gallery without walls didn’t just happen. It is something we treasure and enjoy because in the past the arts were encouraged and supported in this community.

The final step in the adaption of the comprehensive plan is now occurring. Our mayor and city council will be voting on the adaption of the final version of the comprehensive plan at the City Council meeting on April 16th. I want to encourage you to learn about the plan. The easiest way to do this is by watching this short video.

Next I want to encourage you to contact our Mayor and City Council members to support adaption of the current comprehensive plan as it has been developed by the citizens of our community. To contact our Mayor and members of the City Council click here.

There is always a bit of controversy in public planning. That is true in this instance. There are several members of our city council who are not in favor of the comprehensive plan as it has been developed. I guess it could be attributed to a general dislike of planning in general: the idea that government should be smaller and less involved. There certainly are times when I agree with that perspective. But this plan is a good one. It is a vision for the future of our City that was developed by the citizens of this City. Please encourage the adaptation of the plan as the citizens have designed it over the course of the last 3 years.

We do love our City! This vision for the next 20 years is wonderful! Get involved and please encourage the adaptation of the Comprehensive Plan.
Dianne