Market Activity Feb 5-11, 2024

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

AddressTypePriceBedroomsBathsSq Feet
668 McVey Ave #14Condo$389,50011636
51 Condolea CtCondo$599,00032.52198
5512 Childs RdDetached$750,000421928
17558 Bryant RdDetached$845,00042.52172
14480 Camden LnDetached$940,00032.52069
14257 Edenberry DrDetached$1,295,00042.53347
818 Ash StDetached$1,395,000321500
922 E AveDetached$1,495,000321793
2107 Goodall CtDetached$1,495,000433029
13571 Westlake DrDetached$1,625,00054.54079
12830 Alto Park RdDetached$1,899,90043.53509
17341 Westview DrDetached$2,548,00043.53647

Pending Sales Feb 5-11, 2024

AddressTypePriceBedroomsBathsSq FeetDOM
1951 Greentree RdDetached$599,9003324494
18667 Benfield AveDetached$709,9004214142
31 Churchill DownsDetached$775,00064.53794146
875 Palisades Terrace DrDetached$865,0004321815
740 Pebble Beach CtDetached$949,000321745132
18810 Stafford RdDetached$999,000218843
4039 Canal Woods CtDetached$1,450,00043.5417829
47 Hillshire DrDetached$1,495,00042.53324147
1800 Sarah Hill LnDetached$1,650,00042.53085232
18187 Siena DrDetached$1,850,00043.539084
17312 Bergis Farm DrDetached$1,999,00044.5+.54804104
17660 Wayside LnDetached$2,600,00055.5597529

Sold/Closed Feb 5-11, 2024

AddressTypeList PriceClosed PriceSq FeetCDOM
4000 Carman Dr #91Condo$295,000$298,0007673
3804 Botticelli StCondo$330,000$330,00011321
4 Touchstone Dr #35Condo$345,000$340,000130313
18017 Tualata AveDetached$595,500$595,500112418
16724 Roosevelt AveDetached$599,000$599,00012703
51 Oriole LnDetached$589,000$601,500121699
4745 Dogwood DrDetachedAuction$946,050392043
17104 Canal CircleDetached$1,950,000$1,855,0003473325
4394 Lords LnDetached$1,975,000$1,950,00039051

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.