Based upon the market activity in Lake Oswego last week, I consider the current real estate market to be extremely balanced: favoring both buyers and sellers. The numbers are very even with 22 new listings, 23 pending sales, and 21 closed sales. In other words, houses are coming onto the market at the same rate that they are selling. That’s about as balanced as it can get.
Special congratulations to the folks selling 1515 Cherry Lane. I don’t know the specifics, but after 1063 days on the market it is now in escrow. Good news!
Following is the breakdown for you according to RMLS:
New on the Market (July 15-21, 2019)
| Address | Type | Price | BR | Baths | Sq Ft |
| 47 Eagle Crest Dr #56 | Condo | $205,000 | 3 | 1 | 1024 |
| 4000 Carman Dr B23 | Condo | $265,000 | 2 | 2 | 866 |
| 16524 Roosevelt Ave | Detached | $424,900 | 3 | 1 | 1131 |
| 12 Condolea Dr | Condo | $425,000 | 2 | 2 | 1312 |
| 6315 Dawn St | Detached | $499,900 | 4 | 2 | 1934 |
| 69 Condolea Terrace | Condo | $569,900 | 2 | 2.5 | 2157 |
| 16950 Lakeridge Dr | Detached | $659,000 | 4 | 2.5 | 2346 |
| 4097 Buck Brush Ln | Detached | $700,000 | 3 | 2.5 | 2533 |
| 14211 Dolph Ct | Detached | $725,000 | 3 | 2 | 1980 |
| 5536 Kilchurn Ave | Detached | $749,900 | 5 | 2.5 | 2550 |
| 2927 Tolkien Ln | Detached | $798,000 | 4 | 2.5 | 2819 |
| 615 Lake Bay Ct | Detached | $999,999 | 3 | 3 | 2555 |
| 1590 Country Club Rd | Detached | $1,099,000 | 4 | 3.5 | 3578 |
| 15488 Village Dr | Detached | $1,180,000 | 4 | 4 | 4143 |
| 17979 Kelok Rd | Detached | $1,239,000 | 2 | 2.5 | 2487 |
| 5014 Upper Dr | Detached | $1,275,000 | 4 | 3 | 3416 |
| 4840 Lamont Way | Detached | $1,475,000 | 5 | 3.5 | 3277 |
| 16895 Chapin Way | Detached | $1,575,000 | 4 | 3.5+.5 | 5182 |
| 19575 35th Ct | Detached | $2,225,000 | 5 | 3 | 6081 |
| 17675 Cardinal Dr | Detached | $2,475,000 | 4 | 3 | 3458 |
| 1188 Cherry Circle | Detached | $2,695,000 | 5 | 6.5 | 8772 |
| 4321 Southshore Blvd | Detached | $4,195,000 | 5 | 4.5 | 6731 |
Pending Sales (July 15-21, 2019)
| Address | Type | Price | BR | Baths | Sq Ft | CDOM |
| 4000 Carman Dr D53 | Condo | $169,023 | 1 | 1 | 836 | 43 |
| 66 Cervantes Circle | Condo | $199,900 | 2 | 1.5 | 912 | 207 |
| 172 Oswego Summit | Condo | $229,900 | 2 | 2 | 1383 | 146 |
| 5225 Jean Rd #514 | Condo | $271,500 | 2 | 2 | 1100 | 2 |
| 750 1st St #26 | Condo | $297,000 | 2 | 2 | 1350 | 11 |
| 17903 Belmore Ave | Detached | $359,900 | 5 | 2 | 2016 | 78 |
| 6024 Fernbrook Circle | Detached | $465,000 | 3 | 2 | 1616 | 34 |
| 44 Northview Ct | Attached | $496,800 | 2 | 3 | 2350 | 2 |
| 17653 Schalit Way | Detached | $500,000 | 3 | 2 | 1463 | 7 |
| 4960 Centerwood St | Detached | $540,000 | 3 | 2 | 1663 | 1 |
| 86 Greenridge Ct | Attached | $589,999 | 4 | 3.5 | 2718 | 98 |
| 21 Grouse Terrace | Detached | $600,000 | 4 | 2.5 | 3108 | 37 |
| 18052 Hobbit Ct | Detached | $651,700 | 4 | 3.5 | 3289 | 91 |
| 319 3rd St | Attached | $679,000 | 3 | 3.5 | 1937 | 1 |
| 327 Laurel St | Detached | $695,000 | 4 | 2 | 2520 | 105 |
| 752 Lake Forest Dr | Detached | $795,000 | 4 | 2 | 2319 | 0 |
| 12511 Shelby Ct | Detached | $849,000 | 5 | 3.5 | 3641 | 30 |
| 2151 Crest Dr | Detached | $899,950 | 4 | 2.5 | 4690 | 39 |
| 1414 Cherry Ln | Detached | $949,000 | 6 | 3.5 | 4699 | 1063 |
| 19114 35th Pl | Detached | $1,070,000 | 4 | 4.5 | 5447 | 308 |
| 16586 Phantom Bluff Ct | Detached | $1,075,000 | 3 | 2.5 | 2571 | 167 |
| 125 Middlecrest Rd | Detached | $1,429,000 | 4 | 3.5 | 3242 | 8 |
| 17763 Kelok Rd | Detached | $1,495,000 | 4 | 4 | 3840 | 354 |
Sold/Closed (July 15-21, 2019)
| Address | Type | List Price | Sold Price | Sq Ft | CDOM |
| 10 Cervantes Circle 7B | Condo | $219,900 | $209,900 | 912 | 33 |
| 200 Burnham Rd 3404 | Condo | $284,900 | $270,000 | 1,325 | 50 |
| 233 Cervantes | Condo | $275,000 | $275,000 | 1216 | 189 |
| 47 Oriole Ln | Detached | $482,500 | $475,000 | 1882 | 18 |
| 1308 Cornell St | Detached | $495,000 | $492,000 | 1750 | 8 |
| 27 Partridge Ln | Detached | $549,000 | $540,000 | 2493 | 28 |
| 5955 Washington Ct | Detached | $575,000 | $590,000 | 2554 | 45 |
| 13488 Snowberry Ct | Detached | $729,000 | $680,262 | 3073 | 38 |
| 4 Hillshire Dr | Detached | $778,000 | $759,500 | 3232 | 32 |
| 2272 Park Rd | Detached | $779,900 | $780,000 | 2325 | 2 |
| 4224 Albert Circle | Detached | $808,000 | $808,000 | 2588 | 4 |
| 8 Othello St | Detached | $799,900 | $814,800 | 3690 | 1 |
| 5745 Bay Creek Dr | Detached | $819,900 | $815,000 | 3353 | 18 |
| 128 Northshore Rd | Detached | $897,500 | $838,000 | 2695 | 97 |
| 18409 Old River Dr | Detached | $969,000 | $885,000 | 3681 | 77 |
| 909 Cumberland Pl | Detached | $995,000 | $897,000 | 3267 | 72 |
| 2886 Upper Dr | Detached | $924,995 | $900,000 | 2674 | 143 |
| 2464 Palisades Crest Dr | Detached | $1,100,000 | $1,040,000 | 4012 | 47 |
| 17900 Sarah Hill Ln | Detached | $1,295,000 | $1,185,095 | 4186 | 27 |
| 18135 Crestline Dr | Detached | $1,495,000 | $1,425,000 | 2673 | 64 |
| 1074 Bayberry Rd | Detached | $1,625,000 | $1,600,000 | 3429 | 237 |
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.