The pace is picking up a bit. According to RMLS, there are 17 truly NEW properties in Lake Oswego this last week, 9 that went to PENDING status, and 8 that SOLD. Interesting to note that of the 17 NEW properties on the market, there are no shortsales in the bunch according to RMLS, and of the 9 PENDING sales, there were 2 short-sales, with another 2 short-sales out of the 8 SOLDS’s. There are a lot of good deals out there that do not fall into the short-sale or bank-owned categories, and Buyers seem to be looking for that “right” house instead of lasering in on short-sales in general. That said, it is hard to tell how many of the “NEW” properties could be teetering that direction. There is a whole different closing timeline to be considered if you get into that situation, so just be aware and consult with your Realtor.
One thing to be aware of is that we are not able to tell in an RMLS listing exactly how far above the “short-sale line” a property’s asking price may be. There is always the possibility that a property could turn into a short-sale if the negotiated price with the Seller ends up lower than what they owe. Just sayin’. Talk with your Realtor about what that could mean for you if you think you may be offering an amount that could bring up this possibility in your transaction.
Anyway, here is the latest market activity for Lake Oswego (see below the tables for additional notes):
NEWLY LISTED (Jan. 4—Jan. 10, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | List Date |
| 47 EAGLE CREST DR | $99,500 | 1 | 1 | 666 | CONDO | 1/4/2010 |
| 668 MCVEY AVE | $164,900 | 2 | 1 | 852 | CONDO | 1/4/2010 |
| 18025 TUALATA AVE | $349,000 | 3 | 2 | 1,970 | DETACHD | 1/6/2010 |
| 2705 ORCHARD HILL PL | $374,900 | 3 | 2.1 | 2,250 | DETACHD | 1/8/2010 |
| 2530 PALISADES CREST DR | $376,200 | 4 | 2.1 | 2,774 | DETACHD | 1/7/2010 |
| 13213 SW 63 PL | $399,900 | 4 | 3 | 2,604 | DETACHD | 1/6/2010 |
| 4651 HASTINGS PL | $454,900 | 4 | 2.1 | 2,215 | DETACHD | 1/7/2010 |
| 1641 ASH ST | $475,000 | 4 | 3 | 2,825 | DETACHD | 1/4/2010 |
| 16909 CRESTVIEW DR | $524,900 | 4 | 3 | 2,553 | DETACHD | 1/7/2010 |
| 17930 MEADOWLARK LN | $599,900 | 4 | 4 | 3,300 | DETACHD | 1/8/2010 |
| 72 CONDOLEA WAY | $629,000 | 2 | 2.1 | 3,088 | CONDO | 1/7/2010 |
| 51 HILLSHIRE DR | $679,000 | 4 | 2.2 | 4,306 | DETACHD | 1/5/2010 |
| 5234 WESTFIELD CT | $724,900 | 4 | 3 | 3,252 | DETACHD | 1/4/2010 |
| 14435 UPLANDS DR | $799,995 | 4 | 3.1 | 4,822 | DETACHD | 1/6/2010 |
| 17884 SW KELOK RD | $949,000 | 4 | 3.1 | 4,124 | DETACHD | 1/4/2010 |
| 15444 BOONES WAY | $998,500 | 3 | 2.1 | 3,364 | ATTACHD | 1/4/2010 |
| 5665 BONITA RD | $1,279,900 | 2 | 1 | 1,500 | DETACHD | 1/9/2010 |
PENDING SALES (Jan. 4 – Jan. 10, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 668 MCVEY AVE | $136,400.00 | 3 | 1.1 | 992 | CONDO | 95 |
| 4447 GOLDEN LN | $229,000.00 | 2 | 2.1 | 1,980 | ATTACHD | 521 |
| 16546 BONAIRE AVE | $239,900.00 | 3 | 1 | 1,064 | DETACHD | 82 |
| 2062 CEDAR CT | $299,000.00 | 4 | 2 | 1,800 | DETACHD | 237 |
| 909 CUMBERLAND PL | 299000 – 349000 | 4 | 3 | 2,716 | DETACHD | 43 |
| 3634 TEMPEST DR | $424,900.00 | 4 | 3 | 2,931 | DETACHD | 3 |
| 4040 VIRGINIA WAY | $524,900.00 | 3 | 2.1 | 2,623 | DETACHD | 243 |
| 5310 WASHINGTON CT | $624,900.00 | 4 | 3.1 | 3,328 | DETACHD | 865 |
| 1839 PALISADES LAKE CT | $899,900.00 | 4 | 3.1 | 4,570 | DETACHD | 166 |
SOLD (Jan. 4 – Jan. 10, 2010)
| Address | O/Price | Sold Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 26 WHEATHERSTONE | $265,000 | $210,000 | 3 | 2.1 | 1,692 | CONDO | 135 |
| 5686 WASHINGTON CT | $275,000 | $259,800 | 2 | 2 | 1,342 | DETACHD | 25 |
| 5956 FERNBROOK CIR | $299,999 | $295,000 | 4 | 2 | 1,376 | DETACHD | 370 |
| 4191 CHAPMAN WAY | $409,000 | $360,000 | 4 | 2.1 | 2,610 | DETACHD | 194 |
| 4 ICARUS LOOP | $449,000 | $445,000 | 4 | 2.1 | 2,743 | DETACHD | 57 |
| 17675 CARDINAL DR | $599,000 | $500,000 | 3 | 3 | 3,458 | DETACHD | 294 |
| 2200 PRESTWICK RD | $1,095,000 | $825,000 | 4 | 2.1 | 3,356 | DETACHD | 539 |
| 17345 BERGIS FARM DR | $1,249,900 | $1,062,500 | 4 | 3.2 | 5,199 | DETACHD | 665 |
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.