As you can imagine, we are in the midst of the slow market for real estate, and yet I find it interesting that the activity remains consistent with last week’s numbers being very similar to the week prior. I suspect this week will be similar as well. Then we will see the build up begin with inventory building and buyer’s buying. The first couple of weeks of January are likely to still be a bit slower as everyone gets back to their routines, but by mid January, and certainly by February, it will really take off. This is a good time to buy a home for two reasons: less competition so less likelihood of bidding wars, and low interest rates.
Last week in Lake Oswego we had 4 new listings, 11 properties go to pending status, and 12 closed sales.
Following is the breakdown for you according to RMLS:
New on the Market(Dec 19-25, 2016)
| Address | Type | Price | BR | Baths | Sq Ft |
| 4 Touchstone #87 | Condo | $175,000 | 2 | 2 | 984 |
| 37 Touchstone | Detached | $445,000 | 4 | 3 | 2573 |
| 2155 Ridgewood Rd | Detached | $799,000 | 4 | 3 | 3454 |
| 505 Iron Mountain Blvd | Detached | $1,595,000 | 5 | 4 | 3015 |
Pending Sales (Dec 19-25, 2016)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 1368 Boca Ratan Dr | Attached | $325,000 | 3 | 2 | 1611 | 60 |
| 4724 Firwood Rd | Detached | $405,000 | 3 | 1.5 | 1240 | 4 |
| 5717 Bonita Rd | Detached | $459,000 | 5 | 2 | 2572 | 176 |
| 4739 Rembrandt Ln | Detached | $485,000 | 3 | 2.5 | 1954 | 22 |
| 655 2nd St | Attached | $499,000 | 2 | 2 | 1457 | 32 |
| 1225 Cornell St | Detached | $514,999 | 3 | 2 | 1395 | 7 |
| 4920 Centerwood St | Detached | $557,500 | 3 | 2.5 | 2072 | 175 |
| 17920 Meadowlark Ln | Detached | $675,000 | 4 | 2.5 | 2716 | 33 |
| 429 6th St | Detached | $1,049,000 | 4 | 2.5 | 3205 | 48 |
| 1976 Highlands Loop | Detached | $1,795,000 | 4 | 3.5 | 4597 | 460 |
| 15508 Diamond Head Rd | Detached | $2,850,000 | 3 | 4 | 3900 | 185 |
Sold/Closed (Dec 19-25, 2016)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 131 Oswego Summit | Condo | $200,000 | $190,000 | 1212 | 57 |
| 94 Greenridge Ct | Attached | $364,900 | $364,900 | 1,752 | 57 |
| 17311 Mandi Ln | Detached | $379,000 | $379,000 | 1,935 | 115 |
| 580 2nd St | Attached | $459,000 | $452,000 | 1464 | 72 |
| 14798 Davis Ln | Attached | $479,900 | $460,000 | 1698 | 61 |
| 550 2nd St | Condo | $500,000 | $482,000 | 1540 | 13 |
| 1709 Meadows Dr | Detached | $497,000 | $505,000 | 2288 | 15 |
| 1501 Woodland Terr | Detached | $649,900 | $649,900 | 3,992 | 30 |
| 17700 Leafy Ln | Detached | $779,500 | $750,000 | 3666 | 76 |
| 15501 Diamond Head Rd | Detached | $995,000 | $930,000 | 2353 | 187 |
| 1666 Lake Front Rd | Detached | $1,279,000 | $1,225,000 | 3183 | 27 |
| 1415 Skyland Dr | Detached | $1,450,000 | $1,250,000 | 3859 | 0 |
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.