Last week in Lake Oswego there were 13 new listings. One sold very fast and appears in this report as a pending sale. 12 properties received offers that were accepted and are now in pending status. 9 purchases closed and are now sold.
What caught my attention is the Days on the Market. It looks like either a property sells really fast, or it takes way too long. It’s all about correct pricing. People shopping for homes are smart. They compare the houses that they see and recognize a well-priced home. This does not mean underpriced. It does mean NOT overpriced. Correctly priced houses sell with in a few weeks, and they sell at or very close to the asking price. It’s not rocket science.
See below for RMLS data.
New on the Market
| Address | Type | Price | Bedrooms | Baths | Sq Feet |
| 668 McVey Ave #14 | Condo | $389,500 | 1 | 1 | 636 |
| 51 Condolea Ct | Condo | $599,000 | 3 | 2.5 | 2198 |
| 5512 Childs Rd | Detached | $750,000 | 4 | 2 | 1928 |
| 17558 Bryant Rd | Detached | $845,000 | 4 | 2.5 | 2172 |
| 14480 Camden Ln | Detached | $940,000 | 3 | 2.5 | 2069 |
| 14257 Edenberry Dr | Detached | $1,295,000 | 4 | 2.5 | 3347 |
| 818 Ash St | Detached | $1,395,000 | 3 | 2 | 1500 |
| 922 E Ave | Detached | $1,495,000 | 3 | 2 | 1793 |
| 2107 Goodall Ct | Detached | $1,495,000 | 4 | 3 | 3029 |
| 13571 Westlake Dr | Detached | $1,625,000 | 5 | 4.5 | 4079 |
| 12830 Alto Park Rd | Detached | $1,899,900 | 4 | 3.5 | 3509 |
| 17341 Westview Dr | Detached | $2,548,000 | 4 | 3.5 | 3647 |
Pending Sales Feb 5-11, 2024
| Address | Type | Price | Bedrooms | Baths | Sq Feet | DOM |
| 1951 Greentree Rd | Detached | $599,900 | 3 | 3 | 2449 | 4 |
| 18667 Benfield Ave | Detached | $709,900 | 4 | 2 | 1414 | 2 |
| 31 Churchill Downs | Detached | $775,000 | 6 | 4.5 | 3794 | 146 |
| 875 Palisades Terrace Dr | Detached | $865,000 | 4 | 3 | 2181 | 5 |
| 740 Pebble Beach Ct | Detached | $949,000 | 3 | 2 | 1745 | 132 |
| 18810 Stafford Rd | Detached | $999,000 | 2 | 1 | 884 | 3 |
| 4039 Canal Woods Ct | Detached | $1,450,000 | 4 | 3.5 | 4178 | 29 |
| 47 Hillshire Dr | Detached | $1,495,000 | 4 | 2.5 | 3324 | 147 |
| 1800 Sarah Hill Ln | Detached | $1,650,000 | 4 | 2.5 | 3085 | 232 |
| 18187 Siena Dr | Detached | $1,850,000 | 4 | 3.5 | 3908 | 4 |
| 17312 Bergis Farm Dr | Detached | $1,999,000 | 4 | 4.5+.5 | 4804 | 104 |
| 17660 Wayside Ln | Detached | $2,600,000 | 5 | 5.5 | 5975 | 29 |
Sold/Closed Feb 5-11, 2024
| Address | Type | List Price | Closed Price | Sq Feet | CDOM |
| 4000 Carman Dr #91 | Condo | $295,000 | $298,000 | 767 | 3 |
| 3804 Botticelli St | Condo | $330,000 | $330,000 | 1132 | 1 |
| 4 Touchstone Dr #35 | Condo | $345,000 | $340,000 | 1303 | 13 |
| 18017 Tualata Ave | Detached | $595,500 | $595,500 | 1124 | 18 |
| 16724 Roosevelt Ave | Detached | $599,000 | $599,000 | 1270 | 3 |
| 51 Oriole Ln | Detached | $589,000 | $601,500 | 1216 | 99 |
| 4745 Dogwood Dr | Detached | Auction | $946,050 | 3920 | 43 |
| 17104 Canal Circle | Detached | $1,950,000 | $1,855,000 | 3473 | 325 |
| 4394 Lords Ln | Detached | $1,975,000 | $1,950,000 | 3905 | 1 |
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.