It’s really interesting… tis the season for “freshening” listings I guess… There were 28 properties listed as New this last week & only 13 of them actually were. It bears noting that Dianne and I go through the properties and remove the ones that are not actually new listings so that our readers can really see what properties have just come on market. I personally make an exception for properties that have been off the market for 30 or more days… It seems to me as though if someone has taken their property off the market for that time, they have probably been working on the property & changing something about it, so I go ahead in those cases & list them as New again. I also noticed that many of the “freshened” listings (not in the table below) have changed Realtors. Although it is then technically a new listing, it is not a new property on the market for our readers’ purposes. It is worth noting that the property is what Buyers are looking for… not the Realtor, and if it is listed in the RMLS and the Realtor has been doing a good job of exposing it online, following up on showings etc., it is (in my opinion) a mistaken notion that switching Realtors is going to help sell the property. It is more likely that the things the Seller has control over, i.e. price and the appearance of the property, will make the difference. The listing that was on the market yesterday with one Realtor and back on today with another is pretty much the same property, and Buyers know that. Just a few musings for what they’re worth : )
Last week we saw, as mentioned, 13 New properties come on market. 16 went to Pending status, and 5 Sold.
Here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (Sept. 14—20, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
LIST DATE
|
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | List Date |
| 12 CERVANTES CIR | $105,000 | 2 | 1.1 | 912 | CONDO | 9/15/2009 |
| 668 MCVEY AVE | $239,900 | 3 | 1.1 | 985 | CONDO | 9/17/2009 |
| 136 TOUCHSTONE TER | $350,000 | 3 | 2.1 | 1,996 | DETACHD | 9/17/2009 |
| 114 TOUCHSTONE TER | $389,000 | 3 | 2.1 | 2,080 | ATTACHD | 9/14/2009 |
| 15547 PARTRIDGE DR | $389,900 | 3 | 3 | 2,266 | DETACHD | 9/14/2009 |
| 16901 LAKERIDGE DR | $435,000 | 3 | 3 | 2,080 | DETACHD | 9/17/2009 |
| 5717 BONITA RD | $439,000 | 5 | 2 | 2,572 | DETACHD | 9/18/2009 |
| 4311 ORCHARD WAY | $564,900 | 4 | 2.1 | 3,082 | DETACHD | 9/14/2009 |
| 19101 INDIAN CREEK AVE | $619,500 | 2 | 2.1 | 2,794 | DETACHD | 9/15/2009 |
| 1809 HEADLEE LN | $1,125,000 | 2 | 2.1 | 3,836 | DETACHD | 9/14/2009 |
| 753 LAKESHORE RD | $1,385,000 | 3 | 3.1 | 2,562 | DETACHD | 9/16/2009 |
| 13 NANSEN SMT | $1,500,000 | 4 | 4.1 | 4,625 | DETACHD | 9/19/2009 |
| 17281 KELOK RD | $1,550,000 | 4 | 3 | 2,682 | DETACHD | 9/18/2009 |
PENDING SALES (Sept 14 -20, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 10 CONDOLEA DR | $240,000 | 2 | 2 | 1,312 | ATTACHD | 398 |
| 19138 PILKINGTON deep flag RD | 254500 – 259000 | 3 | 1.1 | 1,099 | DETACHD | 133 |
| 5 PEACOCK PL | $299,950 | 4 | 2.1 | 1,760 | DETACHD | 169 |
| 16964 SW GASSNER LN | $335,000 | 3 | 3 | 2,208 | DETACHD | 100 |
| 5037 CENTERWOOD ST | $349,000 | 3 | 1.1 | 1,340 | DETACHD | 98 |
| 19 TOUCHSTONE | $399,000 | 4 | 3 | 2,789 | DETACHD | 107 |
| 31 DA VINCI ST | $399,900 | 4 | 2.1 | 2,232 | DETACHD | 34 |
| 41 HILLSHIRE DR | $427,000 | 4 | 3 | 2,670 | DETACHD | 437 |
| 3 CELLINI CT | $429,000 | 4 | 2.1 | 2,531 | DETACHD | 240 |
| 1660 CAMPUS WAY | $475,000 | 4 | 3 | 2,042 | DETACHD | 4 |
| 2330 DELLWOOD DR | $495,000 | 5 | 3.1 | 3,468 | DETACHD | 4 |
| 4691 CHELSEA LN | $564,900 | 4 | 2.1 | 3,102 | DETACHD | 585 |
| 559 2ND ST | $600,000 | 2 | 2 | 1,529 | CONDO | |
| 7 CELLINI CT | $659,000 | 5 | 3.1 | 3,560 | DETACHD | 10 |
| 570 7TH ST | $665,000 | 3 | 2.1 | 2,528 | DETACHD | 265 |
| 2600 DELLWOOD DR | $699,900 | 4 | 3 | 3,690 | DETACHD | 486 |
SOLD (Sept 14-20, 2009)
| ADDRESS | ORIG. PRICE | SALE PRICE |
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 5318 RED LEAF ST | $309,950 | $319,950 | 3 | 2 | 1,460 | DETACHD | 27 |
| 799 COUNTRY CLUB RD | $700,000 | $500,000 | 6 | 2.1 | 4,410 | DETACHD | 784 |
| 4387 LORDS LN | $875,000 | $650,000 | 3 | 2.1 | 3,040 | DETACHD | 544 |
| 1933 SUMMIT DR | $1,675,000 | $1,550,000 | 5 | 4.1 | 4,925 | DETACHD | 26 |
| 4313 WESTBAY RD | $2,775,000 | $2,100,000 | 4 | 3.1 | 4,000 | DETACHD | 193 |
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.