Last week Lake Oswego had 3 New Listings, 5 moving to Pending/Accepted Offer status, and 10 that Closed/Sold. We like your info to be accurate and therefore try to remove properties that are not really “new” on the market, but rather “refreshed” and often with no other change than the ML#. It’s interesting to me that while we had 3 truly “New” properties entering the market, there were 5 that fell into the “not truly new on the market” category, and here is the breakdown:
- 1 was reduced by $10,000 and had been on the market 95 days – switched Agents.
- 1 was reduced $10,000 and been on the market 208 days – switched Agents.
- 1 was reduced $20,000 and had been on the market 40 days.
- 1 was reduced $27,900 and had been on the market 77 days – switched Agents.
- 1 was simply given a new ML# and no other changes made.
Most of the time people decide to change their representation, there is a dramatic lowering of price accompanying that decision. I will say that, anecdotally, lowering the price is very often something they were advised to do by their original Agent, while of course there can sometimes just be a desire for a change for a variety of reasons. I have no personal knowledge of any of these situations, and am of course not making any assertions here in any way in that regard. I just find this particular array interesting.
In the interest of giving you some data on newly reduced and refreshed listings (changes outlined in the same order above), I’ll make a holiday exception : ) These are the 5:
| Address | List Price | Beds | Baths | SF | Prop Type |
| 4316 BOTTICELLI ST | $485,000 | $2 | 2.1 | 2098 | CONDO |
| 6 THE GROTTO | $550,000 | $3 | 2 | 1381 | DETACHD |
| 5 PHEASANT RUN | $649,000 | $3 | 2 | 1420 | DETACHD |
| 5453 WILLOW CT | $762,000 | $3 | 2.1 | 2446 | ATTACHD |
| 3520 LAKE GROVE AVE | $2,598,000 | $4 | 3.1 | 3624 | DETACHD |
Right now there are 124 properties available in Lake Oswego ranging from $250,000 to $11,500,000. Here is the breakdown according to RMLS:
NEW Dec 4-10, 2023
| Address | List Price | Beds | Baths | SF | Prop Type |
| 16237 LAKE FOREST BLVD | $525,000 | $3 | 1 | 1132 | DETACHD |
| 15 BRITTEN CT | $619,900 | $3 | 2.1 | 1973 | ATTACHD |
| 3857 Carman DR | $1,095,000 | $3 | 2.1 | 2531 | DETACHD |
PENDING Dec 4-10, 2023
| Address | List Price | Beds | Baths | SF | Prop Type | Days |
| 4 TOUCHSTONE #119 | $318,900 | $3 | 2.1 | 1351 | CONDO | 7 |
| 1724 OAK ST | $870,000 | $3 | 2 | 2689 | DETACHD | 17 |
| 3853 Carman DR | $1,075,000 | $3 | 2.1 | 2531 | DETACHD | 5 |
| 3324 SABINA CT | $1,250,000 | $3 | 2.1 | 2550 | DETACHD | 7 |
| 17312 BERGIS FARM DR | $1,999,000 | $4 | 4.2 | 4804 | DETACHD | 39 |
SOLD Dec 4-10, 2023
| Address | Opening | Closed | Beds | Baths | SF | Prop Type | Days |
| 45 EAGLE CREST DR #506 | $199,900 | $183,550 | $1 | 1 | 600 | CONDO | 44 |
| 45 EAGLE CREST DR #208 | $219,900 | $219,900 | $2 | 2 | 1046 | CONDO | 14 |
| 5053 FOOTHILLS DR, A | $445,000 | $425,000 | $3 | 2 | 1252 | CONDO | 19 |
| 3672 SPRING LN / Upper | $439,900 | $440,000 | $2 | 2 | 1117 | CONDO | 49 |
| 1525 IVY CT | $875,000 | $670,000 | $4 | 2.1 | 2163 | DETACHD | 116 |
| 8 HOTSPUR ST | $865,000 | $779,999 | $3 | 2.1 | 1966 | DETACHD | 54 |
| 16020 KIMBALL ST | $974,500 | $900,000 | $5 | 3.1 | 2426 | DETACHD | 42 |
| 1177 C AVE | $1,100,000 | $950,000 | $3 | 2 | 1957 | DETACHD | 34 |
| 5330 CARMAN GROVE LN | $1,100,000 | $985,000 | $3 | 2.1 | 2493 | DETACHD | 43 |
| 2020 WEMBLEY PARK RD | $1,078,000 | $1,050,000 | $3 | 2 | 1712 | DETACHD | 369 |