I’m going to start this market activity report with some good news. According to the Mortgage Bankers Association, home purchase mortgage applications have gone up 35% in recent weeks. That’s a huge jump and unusual for this time of year.
Here on a local level, last week in Lake Oswego there were 4 new listings, 7 properties that moved to pending status, and 17 sold/closed sales. Something tells me that there are moving trucks arriving in LO this week with holiday trees tied to their roofs.
See below for RMLS data.
New on the Market Nov 27-Dec 3, 2023
| Address | Type | Price | Bedrooms | Baths | Sq Feet |
| 4 Touchstone #106 | Condo | $259,000 | 2 | 2 | 984 |
| 4 Touchstone #119 | Condo | $318,900 | 3 | 2.5 | 1351 |
| 3433 McNary Pkwy #108 | Condo | $391,900 | 3 | 2 | 1344 |
| 12 Independence Ave | Detached | $839,500 | 4 | 4 | 2994 |
Pending Nove 27-Dec 3, 2023
| Address | Type | Price | Bedrooms | Baths | Sq Feet | DOM |
| 4621 Lakeview Blvd C3 | Condo | $329,900 | 2 | 2 | 1178 | 12 |
| 159 Oswego Summit | Condo | $350,000 | 2 | 2 | 1506 | 218 |
| 12844 Boonesferry Rd #117 | Condo | $475,000 | 2 | 2.5 | 1191 | 76 |
| 5270 Red Leaf St | Detached | $675,000 | 3 | 2 | 1330 | 47 |
| 5222 Rosewood St | Detached | $800,000 | 3 | 2.5 | 2414 | 113 |
| 4845 Upper Dr | Detached | $1,249,000 | 5 | 3 | 2879 | 50 |
| 55309 Denton Dr | Detached | $1,620,000 | 4 | 3.5 | 3626 | 26 |
Sold/Closed Nov 27-Dec 3, 2023
| Address | Type | List Price | Closed Price | Sq Feet | CDOM |
| 96 Oswego Summit | Condo | $219,900 | $240,000 | 964 | 6 |
| 4093 Jefferson Pkwy | Condo | $460,000 | $410,000 | 1403 | 48 |
| 21019 Bonniebrae Dr | Attached | $525,000 | $510,000 | 1539 | 18 |
| 4510 Lower Dr B1 | Condo | $555,000 | $515,000 | 1729 | 42 |
| 668 McVey Ave #57 | Condo | $625,000 | $515,500 | 992 | 242 |
| 1206 Cedar St | Detached | $775,000 | $725,000 | 1426 | 15 |
| 1600 Woodland Ter | Detached | $779,000 | $780,000 | 1699 | 3 |
| 5311 Childs Rd | Detached | $849,500 | $795,000 | 1929 | 124 |
| 13851 Verte Ct | Detached | $939,000 | $925,000 | 2925 | 15 |
| 10 Sherwood Ct | Detached | $949,000 | $949,000 | 3289 | 2 |
| 7 Grouse Ter | Detached | $935,000 | $1,050,000 | 2516 | 3 |
| 14584 Pfeifer Way | Detached | $1,250,000 | $1,176,000 | 2647 | 14 |
| 1050 Atwater Rd | Detached | $1,375,000 | $1,350,000 | 3052 | 0 |
| 3600 Upper Dr | Detached | $1,999,950 | $1,850,000 | 3771 | 195 |
| 541 6th St | Detached | $2,400,000 | $2,400,000 | 3559 | 0 |
| 13799 Atwater Ln | Detached | $3,995,000 | $3,800,000 | 4700 | 102 |
| 128 Northshore Cir | Detached | $4,695,000 | $4,000,000 | 3501 | 148 |
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.