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.