Tag: Walking distance to the farmer’s market

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Market Activity ~ Feb 11-17, 2013

We saw 8 New properties enter the market, 19 go to Pending status and 10 Sell during the last 7-day period in Lake Oswego.

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

NEWLY LISTED (Feb 11-13, 2013)

Address List Price # Beds # Baths Total SF Prop Type
70 GALEN ST $135,000 2 1 923 CONDO
56 SW GREENRIDGE CT $259,000 3 2.1 1996 CONDO
4700 LOWER DR $339,000 3 2.1 1747 DETACHD
332 4th ST $399,900 2 2.1 1731 ATTACHD
18221 BICKEL CT $599,000 3 2.1 3864 DETACHD
14120 REDWOOD CT $619,000 4 2.1 2755 DETACHD
980 B AVE $714,900 3 2.1 2999 DETACHD
4912 FIRWOOD RD $999,888 4 4 5640 DETACHD

PENDING SALES (Feb 11-17, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
1547 BOCA RATAN DR $175,900 2 1.1 1008 ATTACHD 28
222 CERVANTES D $182,963 3 1 1464 CONDO 13
16989 TUALATIN ST $247,000 3 2.1 1491 DETACHD 610
6426 Frost ST $329,900 4 3 2276 DETACHD 136
5324 LOWER DR $345,000 3 2.1 2034 DETACHD 84
18959 KRISTI WAY $350,000 3 2 1778 DETACHD 0
517 LAUREL ST $359,900 4 3 2834 DETACHD 10
15495 TANAGER DR $399,900 4 2.1 2255 DETACHD 106
57 TOUCHSTONE $420,000 4 3 2465 DETACHD 57
15585 PARTRIDGE DR $444,995 4 2.1 2604 DETACHD 274
17147 Warren CT $449,900 4 2.1 2522 DETACHD 3
15655 FIELDSTONE DR $589,500 4 2.1 2750 DETACHD 339
12424 ORCHARD HILL RD $589,950 3 3 2889 DETACHD 167
17980 MEADOWLARK LN $645,000 3 2.1 3252 DETACHD 1
13536 STREAMSIDE DR $649,000 4 3.1 2857 DETACHD 22
2618 PALISADES CREST DR $749,900 5 3.2 5169 DETACHD 220
1255 ANDREWS RD $785,000 6 4 4408 DETACHD 162
15150 Glen Eagles CT $799,900 3 2.2 2839 DETACHD 22
5303 AMBERWOOD CT $810,000 3 2.1 3274 DETACHD 4

SOLD (Feb 11-17 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #26 $74,900 $65,000 2 1 932 CONDO 521
3958 CARMAN DR $134,900 $134,900 2 2.1 1133 CONDO 260
4 TOUCHSTONE #116 $150,000 $150,000 3 2.1 1351 CONDO 67
3433 MCNARY PKWY #805 $163,500 $150,500 2 2.1 1136 CONDO 68
4071 JEFFERSON PKWY #102 $169,900 $165,000 3 2.1 1228 CONDO 3
3545 UPPER DR $344,500 $325,000 3 2 1350 DETACHD 101
4231 SUNSET DR $437,500 $354,000 3 2 2229 DETACHD 122
17002 CRESTVIEW DR $395,000 $390,000 3 2.1 2163 DETACHD 34
2390 GREENTREE RD $429,000 $405,000 3 2.1 2380 DETACHD 6
3423 LAKE GROVE AVE $849,000 $630,000 4 3.1 4324 DETACHD 420

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 Feb 4-10, 2013

Last week in Lake Oswego there were 10 new listings, 12 houses that went into pending status, and 3 closed sales. I think the short list of closed sales reflects that 45 days ago we were in the midst of the holidays. And with just 10 new listings and 12 pending sales, inventory remains tight.

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

NEWLY LISTED (Feb 4-10, 2013)

Address Type Price BR Bths SF
284 Cervantes Circle Condo $104,500 2 2 1052
205 Cervantes #205 Condo $130,000 2 1.5 1216
206 Oswego Summit Condo $200,000 2 2 1506
67 Condolea Terrace Condo $300,000 3 3 2373
18903 Terry Ave Detached $379,000 3 2 1458
12926 Rogers Rd Detached $565,000 4 3 2776
17980 Meadowlark Ln Detached $645,000 3 2.5 3252
17363 Grandview Ct Detached $695,000 4 3.5+.5 4218
5303 Amberwood Ct Detached $810,000 3 2.5 3274
18218 Meadowlark Ln Detached $1,695,000 5 6.5 8320

PENDING SALES (Feb 4-10, 2013)

Address Type Price BR Baths SF DOM
47 Eagle Crest Dr #26 Condo $74,900 2 1 932 521
21 Greemrodge Ct Condo $260,000 3 1.5+.5 1815 106
18816 Longfellow Ave Detached $287,500 3 1 1033 15
1449 Greentree Ave Detached $299,900 4 3 1696 139
959 Lee St Detached $329,000 3 2 2340 28
15721 Boones Way Detached $329,000 3 2 1920 0
12 Abelard St Detached $339,000 4 2.5 2344 6
17802 Treetop Ln Detached $529,000 4 3.5 3655 370
19592 Perch St Detached $529,950 4 2.5 2800 6
17065 Tualatin St Detached $578,950 3 2.5 2733 17
4767 Dogwood Dr Detached $699,999 4 2.5 3964 495
4033 Westbay Rd Detached $1,195,000 4 3.5 3691 30

SOLD (Feb 4-10 2013)

Address Type List Price Closed Price Sq Ft CDOM
17 Condolea Dr Condo $350,000 $338,000 2198 197
1172 Troon Rd Detached $599,000 $539,000 2504 220
1572 Highland Detached $334,500 $334,500 1950 6

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 for 2/10/13

Lots and lots of houses to see this weekend. There are 25 on the open house tour this Sunday. Enjoy.

Address Type Price Bedroom Bath Open
1830 SW cloverleaf Rd Detached $348,000 5 2-Jan 1 to 3
15495 Tanager Dr Detached $399,900 4 2.5 1 to 3
13005 Princeton Ct Detached $413,000 3 2.5 1 to 4
2215 Fernwood Circle Detached $414,500 4 3 1 to 3
17417 Warren Ct Detached $449,900 4 2.5 1 to 4
4890 Sage Hen Circle Detached $499,900 4 2.5 1 to 3
17802 Treetop Ln Detached $529,000 4 3.5 1 to 3
15950 Parker Rd Detached $562,500 4 2.5 1 to 3
12926 Rogers Rd Detached $565,000 4 3 1 to 3
15655 Fieldstone Dr Detached $589,500 4 2.5 1 to 3
13059 Amber Pl Detached $589,800 5 3 1 to 3
12424 Orchard Hill Rd Detached $589,950 3 3 1 to 4
5533 Fieldstone Ct Detached $599,500 4 2.5 1 to 3
1015 Southshore Blvd Detached $638,500 4 3 2 to 4
720 Maple St Detached $649,000 3 2.5 1 to 3
1579 Bay View Ln Detached $649,000 4 3 1 to 3
4102 Chad Dr Detached $672,000 4 2.5 1 to 3
17363 Grandview Ct Detached $695,000 4 3.5+.5 12 to 3
5501 Rachel Ln Detached $749,748 4 2.5+.5 1 to 3
1255 Andrews Rd Detached $785,000 6 4 1 to 3
280 E Ave Detached $799,000 4 2.5 11 to 2
15150 Glen Eagles Ct Detached $799,900 3 2.5+.5 2 to 4
831 Northshore Rd Detached $800,000 3 2.5 1 to 4
329 10 St Detached $939,990 4 2.5 1 to 3
112 Northshore Circle Detached $1,650,000 3 3.5 11 to 4
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Looking Ahead at 2013

Every winter the various title companies bring in economists to forecast what the coming year is going to look like, and every year I make it a point to attend at least one of these presentations. I gotta tell you, for the last 5 years, it’s been painful. Doom and gloom and hang onto your coat tails cause it’s gonna be a wild ride. What a breath of fresh air it was two weeks ago to go to the economic outlook program put on by WFG National Title.

 

The guest speaker was Patrick Stone, the President and CEO of Williston Financial Group. I am not going to quote Mr. Stone directly as my note taking was not done verbatim. I am going to instead share with you the general idea of what I took away.

First, after the recession, as a country and as individuals, we are well positioned for economic growth. This is because the recession allowed us to restructure out debt to get rid of it and to refinance it at a lower cost. This has created more liquid assets for both consumption and savings.

Second, as a state, Oregon is uniquely positioned to do even better than the national average.

GDP for the state of Oregon was second only to North Dakota, growing at 4.7%. This was attributed to Oregon’s manufacturing sector which is quite a bit stronger than the National average.

The prediction was made that we should see continued economic growth this year and into the next few years. Bear in mind that this could change if something horrible happens such as a terrorist attack or a huge natural disaster.

Mr. Stone went so far as to suggest that our housing recovery will likely recoup the house values lost to the recession by 2016. That would mean a 20% growth in house values in the next 3 years. Personally, I feel that momentum is happening. Will it sustain? I hope so.

Mr. Stone also talked about a future housing shortage. This would happen because of our strict land use laws that make the development of new land for new construction a slow process. To have lots for new homes in 2015, that land needs to be in the development process now. And not much bare land is currently in that process. Builders suffered in the recession and just have not been positioned to have the resources to invest in land development. That is changing. New housing starts are on the rise and the builders are beginning to prosper.

The long and short of it is that with a low supply of land and a growing economy, there will likely be a housing shortage in the future. Economics 101 is about supply and demand. Low supply combined with high demand is what causes prices to go up.

No, I don’t have a crystal ball. Yes, I may be entirely wrong. But based upon what I heard at this year’s economic forecast session, 2013 should be a good year for the real estate market and that positive growth is likely to continue into the years ahead.

I sure hope so. We all deserve some good news.
Dianne