Category: Market Activity

Real Estate Market Statistics for Lake Oswego, Oregon

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Market Activity ~ Jan 6-12, 2014

During our first full week of logged activity in Lake Oswego, 8 New properties entered the market, 9 moved to Pending status, and 3  “Closed”/Sold.

Here is the breakdown according to RMLS:

NEW on MKT (Jan 6-12, 2014)

Address List Price # Beds # Baths Total SF Prop Type
4 TOUCHSTONE #123 $139,900 3 2.1 1351 CONDO
5063 FOOTHILLS DR #14 $184,900 2 2 1050 CONDO
6 PHEASANT RUN $339,900 3 2.1 1734 DETACHD
4690 LOWER DR $339,900 3 2.1 1596 DETACHD
4360 WESTBAY RD $520,000 4 3 2636 DETACHD
4401 ALBERT CIR $529,950 4 2.1 2620 DETACHD
17322 CEDAR RD $1,149,500 4 4.1 3370 DETACHD
2493 SOUTHSHORE BLVD $3,495,000 5 4.1 7112 DETACHD

PENDING SALES (Jan 6-12, 2014)

Address List Price # Beds # Baths Total SF Prop Type CDOM
88 OSWEGO SMT $99,999 1 1 764 CONDO 56
50 CERVANTES CIR #3-B $109,900 2 1.1 912 CONDO 10
16 CERVANTES CIR #6E $149,900 2 1.1 912 CONDO 43
13080 THOMA RD $395,000 3 2 2810 DETACHD 200
5616 GRAND OAKS DR $550,000 4 3 3096 DETACHD 54
2481 MARYLSHIRE LN $675,000 5 3.1 4154 DETACHD 175
17390 GRANDVIEW CT $989,999 4 4.2 4516 DETACHD 204
17375 RIDGEVIEW CT $998,500 4 3.1 4065 DETACHD 147
4601 UPPER DR $1,059,000 4 3.2 3943 DETACHD 2

SOLD (Jan 6-12, 2014)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
3808 BOTTICELLI ST $189,900 $182,000 3 2 1288 CONDO 71
3595 TEMPEST DR $424,900 $389,900 3 2 2126 DETACHD 53
4018 COHO LN $959,000 $900,000 4 4.1 5128 DETACHD 111

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

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Market Activity Dec 23, 2013 to Jan 5, 2014

This Market Activity Report covers a 2-week period. Things are just slower during the full blown holidays, although listings, pending sales, and closed sales continued to chug along. There were 6 new listings, 21 houses that went pending with accepted offers, and 13 closed sales. I noticed how many condos are selling. Nice!

Here is the breakdown of activity according to RMLS:

New Listings (Dec 23, 2013 to Jan 5, 2014)

Address Type Price BR Bths SF
12892 Boones Ferry Rd Condo $279,000 2 2.5 1136
432 5th St Attached $310,000 2 1.5 1102
4720 Lakeview Blvd Detached $649,000 4 3.5 2939
4601 Upper Dr Detached $1,059,000 4 3.5+.5 3943
13888 Goodall Rd Detached $1,399,995 4 3.5 4435
17860 Crestline Dr Detached $1,795,000 4 5.5 7192

PENDING SALES (Dec 23, 2013 to Jan 5, 2014)

Address Type Price BR Baths SF DOM
4000 Carman Dr #103 Condo $125 1 1 818 13
3696 Spring Ln 3B Condo $129,900 2 2 1117 53
4000 Carman Dr #106 Condo $139,100 2 2 993 12
4000 Carman Dr #55 Condo $149,999 2 2 866 10
3808 Botticelli Condo $189,900 3 2 1288 71
13 Mountain Circle Attached $217,000 2 1.5 1374 394
1120 Boca Ratan Dr Attached $260,000 3 2 1611 8
16775 Lake Forest Blvd Detached $282,000 3 2 1544 61
16056 Reese Rd Detached $319,000 3 2 1667 14
18011 Tualata Ave Detached $330,000 3 2 1482 4
24 Becket St Detached $425,000 4 2.5 2527 288
1730 Yarmouth Circle Detached $429,000 2 2 1775 123
1571 Woodland Terr Detached $474,500 3 2 2400 80
5602 Southwood Dr Detached $498,900 4 2.5 2636 103
13036 Sierra Ct Detached $499,900 3 2 2214 80
14136 Heathrow Ln Detached $549,000 4 2.5 2955 624
13080 Thoma Rd Detached $875,000 3 2 2810 194
4153 Westbay Rd Detached $1,349,000 4 3.5 3374 193
800 Terrace Dr Detached $1,349,900 5 4.5 5166 98
13636 Goodall Rd Lt2 Detached $1,399,000 4 4.5 4380 329
937 Atwater Detached $1,500,000-$1,850,000 4 4.5 4500 30

SOLD (Dec 23, 2013 to Jan 5, 2014)

Address Type List Price Closed Price Sq Ft CDOM
15938 Quarry Rd B-4 Condo $145,000 $140,000 991 184
4418 Thunder Vista Ln Condo $239,000 $220,000 2200 83
18600 Indian Creek Dr Detached $279,900 $285,000 1607 34
6025 Kenny St Detached $314,900 $309,900 1,254 99
250 Furnace St Detached $389,000 $360,000 899 68
1602 Greentree Rd Detached $412,500 $383,500 1708 93
1125 C Ave Detached $575,000 $425,000 2558 127
716 Lakeshore Rd Detached $750,000 $580,000 1878 101
621 Country Club Rd Detached $674,900 $613,000 3300 59
14120 Redwood Ct Detached $624,900 $617,000 2755 257
13562 Peters Rd Detached $875,000 $815,000 3106 123
215 Chandler Rd Detached $875,000 $820,000 3118 197
14530 Uplands Dr Detached $969,000 $881,000 4080 409

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

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Market Activity ~ Dec. 16-22, 2013

Last week in Lake Oswego, 9 New properties entered the market, 13 moved to Pending status, and 10  “Closed”/Sold.

Here is the breakdown of activity according to RMLS:

NEW on MKT (Dec 16-22, 2013)

Address List Price # Beds # Baths Total SF Prop Type
4000 CARMAN DR #103 $125,000 1 1 818 CONDO
4000 CARMAN DR #106 $139,100 2 2 993 CONDO
4000 CARMAN DR #55 $149,999 2 2 866 CONDO
200 RIDGEWAY RD $175,000 2 1 988 CONDO
1120 BOCA RATAN DR $260,000 3 2 1611 ATTACHD
16056 REESE RD $319,000 3 2 1667 DETACHD
1491 KOAWOOD DR $489,900 4 3 2510 DETACHD
1110 HALLINAN CIR $575,000 4 3.1 3824 DETACHD
5184 WOODCREST LN Lot 1 $599,900 4 2.1 2935 DETACHD

PENDING SALES (Dec 16-22, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
3696 SPRING LN #3B $129,900 2 2 1117 CONDO 42
5523 ROYAL OAKS DR $200,000 2 3 1817 DETACHD 501
18 WHEATHERSTONE $295,900 3 2.1 1692 CONDO 138
250 FURNACE ST $389,000 2 1 899 DETACHD 68
16038 REESE RD $439,000 3 3 3154 DETACHD 2
17940 MEADOWLARK LN $459,000 5 3 2508 DETACHD 143
3435 Lake Grove AVE $595,000 4 3 2618 DETACHD 76
18064 JENIFERS WAY $639,950 5 3 2965 DETACHD
14144 KIMBERLY CIR $649,900 5 3.1 3824 DETACHD 7
13374 HIDDEN BAY CT $699,000 4 2.1 3520 DETACHD 98
72 NANSEN SUMMIT $1,100,000 4 3 4770 DETACHD 256
17323 BERGIS FARM DR $1,280,000 4 3.2 4297 DETACHD 194
112 NORTHSHORE CIR $1,500,000 4 3.1 3632 DETACHD 331

SOLD (Dec 16-22, 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD C204 $100,000 $103,100 2 2 938 CONDO 10
100 KERR PKWY #59 $112,000 $105,000 2 1.1 823 CONDO 5
3433 MCNARY PKWY #405 $156,900 $141,000 2 2.1 1208 CONDO 113
16250 PACIFIC HWY #64 $249,000 $240,000 2 2 1305 CONDO 69
3285 SW CHILDS RD $375,000 $285,000 4 3 2780 DETACHD 76
17736 CARDINAL CT $330,000 $355,000 4 2.1 2280 DETACHD 6
464 LIVINGOOD LN $450,000 $400,000 4 2.1 2584 DETACHD 129
208 NORTHSHORE RD $649,950 $620,000 5 3 2926 DETACHD 113
144 LEONARD ST $749,900 $665,000 4 3.1 3552 DETACHD 136
448 COUNTRY CLUB RD $1,299,000 $1,200,000 4 3.1 4873 DETACHD 328

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

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News & Notes

Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) activity:

So far this year the overall Portland area has seen 25,667 Accepted Offers, and 24,872 Closed Sales which is up 12.9% from 22,726 Accepted Offers (Pendings) and 15.4% from 21,546 Closed Sales in the same period last year. Though Closed Sales decreased from October 2013 by 16.8%, November had the most Closed Sales since 2006!

According to the RMLS Market Action Report for the Portland Metro Area  November, 2013:

  • At 1,821, November Closed Sales increased by 88 over November 2012, but are down from this October’s 2,189.
  • There were 1,976 New Listings in November. This was a decrease of 14% from this October, and an increase of 5.6% over November of 2012.
  • The Average Sale Price in November was $318,100, up $4,000 from $314,100 in October 2013.
  • November Pending Sales (accepted offers) dropped by 14% compard to this October, and  increased by 5.6% as compared to November 2012.

The combined areas of Lake Oswego and West Linn  for October reported:

    • 441 Active Listings
    • 103 New Listings
    • 83 Pending Sales
    • 97 Closed Sales
    • An average Sale Price of $498,200.
    • Average Time on the Market: 79 Days
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Market Activity Dec 9-15, 2013

Real estate is a year around event, and last week in Lake Oswego showed that to be true. There were 6 new listings, 11 pending sales, and 12 closed sales.

Here is the breakdown of activity according to RMLS:

New Listings Dec 9-15, 2013

Address Type Price BR Bths SF
444 5th St Attached $330,000 2 2 1092
5687 Bonita Rd Detached $339,000 3 2.5 2048
5057 W Sunset Attached $349,900 2 2.5 1720
3020 Brookside Rd Detached $499,000 4 2 1926
14144 Goodall Rd Detached $849,000 4 3 3499
17547 Cherry Ct Detached $1,225,000 4 3.5 3700

PENDING SALES (Dec 9-15, 2013)

Address Type Price BR Baths SF DOM
100 Kerr Pkwy #13 Condo $85,900 1 1 617 89
100 Kerr Pkwy #10 Condo $115,000 2 1.5 823 5
1561 Bonniebrae Dr Condo $249,900 3 2 1393 30
4912 Lower Dr Detached $339,000 3 2 1539 4
3595 Tempest Dr Detached $389,900 3 2 2126 53
920 York Rd Detached $415,000 4 2.5 1836 23
13060 Elk Rock Rd Detached $474,900 4 3 3581 88
12 Buckingham Terr Detached $529,000 5 3.5 3642 128
14353 Trillium Ct Detached $625,000 4 2.5 3057 9
18108 Pilkington Rd Detached $799,950 3 3.5 4129 123
2070 Wembley Park Rd Detached $800,000 5 4.5 4935 436

SOLD (Dec 9-15, 2013)

Address Type List Price Closed Price Sq Ft CDOM
100 Kerr Pkwy #56 Condo $104,900 $108,000 823 4
4000 Carmen #88 Condo $117,000 $119,000 836 24
4 Touchstone #62 Condo $159,500 $144,000 1351 46
1261 Boca Ratan Dr Attached $270,000 $267,500 1,611 26
4990 Oakridge Rd Detached $329,000 $300,000 1700 80
2440 Greentree Rd Detached $349,900 $349,900 1850 28
340 4th St Attached $399,900 $399,900 1731 2
15677 Fieldstone Dr Detached $546,500 $544,000 2527 69
4763 Hastings Pl Detached $549,000 $560,000 2442 4
735 7th St Detached $969,000 $908,000 2945 125
18187 Siena Dr Detached $978,950 $920,000 3745 508
13050 Knaus Rd Detached $1,395,000 $1,300,000 4821 9

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

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Market Activity ~ Dec 2-8, 2013

Last week in Lake Oswego, 7 New properties entered the market, 9 moved to Pending status, and 8  “Closed”/Sold.

Here is the breakdown of activity according to RMLS:

Address List Price # Beds # Baths Total SF Prop Type
12 PARTRIDGE LN $450,000 4 2.1 3309 DETACHD
3065 ROYCE WAY $475,000 4 2.1 2726 DETACHD
14353 TRILLIUM CT $625,000 4 2.1 3057 DETACHD
13555 FIELDING RD $749,900 5 3.1 3656 DETACHD
16525 MAPLE CIR $1,395,000 3 3.1 3443 DETACHD
1193 FAIRWAY RD $3,195,000 5 4.2 7028 DETACHD
15845 OSWEGO SHORE CT $3,350,000 4 4.2 5500 DETACHD

PENDING SALES (Dec 2-8, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #59 $112,000 2 1.1 823 CONDO 5
5164 LAKEVIEW BLVD $246,000 4 2 1120 DETACHD 32
3285 SW CHILDS RD $300,000 4 3 2780 DETACHD 76
133 KINGSGATE RD $349,349 3 2.1 1812 DETACHD 167
924 LAUREL ST $360,000 3 2 1965 DETACHD 62
1125 C AVE $425,000 3 1.1 2558 DETACHD 127
5522 ROYAL OAKS DR $598,950 4 2.1 2471 DETACHD 177
5152 LAKEVIEW BLVD $795,000 4 2.5 3414 DETACHD 0
448 COUNTRY CLUB RD $1,299,000 4 3.1 4873 DETACHD 328

SOLD (Dec 2-8, 2013)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
15938 QUARRY RD #4A $139,500 $135,000 2 1 991 CONDO 17
15 SUMMIT RIDGE CT $339,900 $320,000 2 2.1 1750 ATTACHD 26
643 2ND ST $425,000 $380,000 2 2 1457 ATTACHD 48
13008 ROGERS RD $499,000 $425,000 4 2.1 2448 DETACHD 152
4545 DOGWOOD DR $499,500 $475,000 3 2 2483 DETACHD 8
830 4TH ST $545,000 $523,500 3 2 1690 DETACHD 63
13601 TWIN CREEK LN $630,000 $605,000 4 2.1 3156 DETACHD 12
16671 Fir LN $845,000 $820,000 3 3.1 3129 DETACHD 467

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

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Market Activity Nov 25-Dec 1, 2013

While the market has slowed during the holidays, activity remains balanced with similar numbers of homes coming onto the market as are selling. Last week in Lake Oswego there were 10 new listings, 9 pending sales, and 8 closed sales.

Here is the breakdown of activity according to RMLS:

NEW ON MKT (Nov 25-Dec 1, 2013):

Address Type Price BR Bths SF
52 Oswego Summit Condo $76,300 1 1 700
100 Kerr Parkway #42 Condo $104,000 2 1.5 822
100 Kerr Parkway #59 Condo $112,000 2 1.5 823
16 Cervantes Cir #6E Condo $149,900 2 1.5 912
3101 Wembley Park Rd #1 Detached $338,950 2 1 858
4344 Snowbrush Ct Detached $529,000 4 3.5 3422
17900 Canal Rd Detached $609,000 4 3 2992
1941 Woodland Terrace Detached $619,000 4 3 3684
421 Middlecrest Rd Detached $645,000 3 2.5 2383
401 Ash St Detached $699,900 4 4 5526

PENDING SALES (Nov 25-Dec 1, 2013)

Address Type Price BR Baths SF DOM
3433 McNary Parkway #405 Condo $146,950 2 2.5 1208 113
3808 Botticelli St Condo $189,900 3 2 1288 47
17736 Cardinal CT Detached $330,000 4 2.5 2280 6
61 Condolea Terrace Condo $395,000 3 2.5 2373 23
6 Yorick St Detached $495,000 5 3 3116 15
4038 Bass Ln Detached $559,900 4 3 2816 36
621 Country Club Rd Detached $599,900 4 2.5 3300 59
144 Leonard St Detached $699,900 4 3.5 3552 136
215 Chandler Pl Detached $839,000 3 2.5 3118 197

SOLD (Nov 25-Dec 1, 2013)

Address Type List Price Closed Price Sq Ft CDOM
47 Crestfield Ct Condo $100,000 $103,000 923 74
5105 Rosewood St Detached $319,000 $310,000 1848 2
139 Tualata Ln Detached $329,000 $324,000 1524 6
19 Timberlline Dr Detached $349,000 $370,300 2,176 3
18321 Wood Thrush Circle Detached $469,000 $449,600 2333 71
4850 Lower Dr Detached $624,900 $624,900 2700 194
18682 Westview Dr Detached $745,000 $715,000 3243 49
18246 Bella Terra Dr Detached $1,080,000 $1,080,000 4196 3

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

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Market Activity ~ Nov 18-24, 2013

With Thanksgiving upons us, RMLS shows 10 New properties entering the market, 9 moving to Pending status, and 22 that “Closed”/Sold last week in Lake Oswego.

Here is the breakdown of activity according to RMLS:

NEW ON MKT (Nov 18-24, 2013):

Address List Price # Beds # Baths Total SF Prop Type
18600 INDIAN CREEK DR $279,900 3 2 1607 DETACHD
12894 BOONES FERRY RD $299,000 2 2.1 1136 CONDO
490 G AVE $399,900 4 2 2126 DETACHD
4109 WOLF BERRY CT $529,900 4 2.1 2661 DETACHD
2302 OVERLOOK DR $595,000 4 2.1 3125 DETACHD
16311 INVERURIE RD $599,900 4 2 2047 DETACHD
18064 JENIFERS WAY $639,950 5 3 2965 DETACHD
5502 KODERRA AVE $639,950 5 2.1 2633 DETACHD
18108 PILKINGTON RD $799,950 3 3.1 4129 DETACHD
49 BRIARWOOD RD $950,000 3 2 2412 DETACHD

PENDING SALES (Nov 18-24, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
6380 WASHINGTON CT $315,000 3 2 1720 DETACHD 86
4711 REMBRANDT LN $359,900 3 2.1 2050 DETACHD 65
1880 KILKENNY DR $400,000 4 3 2778 DETACHD 2
18272 WESTVIEW DR $459,000 4 3.2 3626 DETACHD 31
17129 KELOK RD $499,000 3 2 1996 DETACHD 42
5522 ROYAL OAKS DR $598,950 4 2.1 2471 DETACHD 160
3300 RIVER WOODS PL $749,000 3 2.1 3642 DETACHD 75
13562 PETERS RD $825,000 4 3 3106 DETACHD 123
4018 COHO LN $925,000 4 4.1 5128 DETACHD 111

SOLD (Nov 18-24, 2013)

Address Opening Price Closed Price # Beds # Baths Total SF Prop Type CDOM
45 EAGLE CREST DR #409 $150,000 $145,750 2 2 1214 CONDO 60
143 OSWEGO SMT $146,000 $146,000 2 2 1212 CONDO 24
45 EAGLE CREST DR #508 $179,900 $175,000 2 2 1046 CONDO 29
220 CERVANTES #C $185,000 $178,000 2 2 1378 CONDO 12
1484 BOCA RATAN DR $229,900 $187,000 3 1.1 1403 ATTACHD 115
18717 PILKINGTON RD $240,000 $191,000 3 1 1240 DETACHD 88
17500 PILKINGTON RD $225,000 $204,900 3 1 1050 DETACHD 119
4281 COBB WAY $349,900 $349,900 3 2 1626 DETACHD 3
5103 MADRONA ST $349,900 $360,000 2 2 1329 DETACHD 29
1023 LUND ST $429,000 $375,000 4 2.1 2313 DETACHD 99
1528 CEDAR ST $449,900 $390,000 3 2 2080 DETACHD 33
8 BERNINI CT $449,000 $410,000 3 2 1465 DETACHD 95
45 TANGLEWOOD DR $433,900 $433,900 5 3.1 3166 DETACHD 4
16838 WIGHT LN $469,500 $460,000 4 2.1 2364 DETACHD 85
1941 GREEN ACRES LN $525,000 $498,800 4 2.1 2449 DETACHD 227
4121 HEDGE NETTLE CT $552,500 $500,000 3 2.1 2307 DETACHD 244
17973 SAINT CLAIR DR $565,000 $523,500 4 3 3323 DETACHD 27
5353 FIRWOOD RD $579,500 $550,000 3 2 2292 DETACHD 25
5900 SUNCREEK DR $699,900 $695,900 4 2.1 3736 DETACHD 106
5728 BAY CREEK DR $789,000 $700,000 5 2.1 3567 DETACHD 133
13052 KNAUS RD $789,000 $725,000 4 3 3026 DETACHD 36
15411 VILLAGE DR $899,900 $865,000 4 3.1 3809 DETACHD 7

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

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News & Notes

Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) activity:

It’s still Fall in Lake Oswego & the Portland area (though it is starting to feel more like Winter : ) and that means we see a continued seasonal slowing in real estate activity (you all know this ; ), but there are still steady sales going on. So far this year the overall Portland area has seen 23,955 Accepted Offers. We’ve also had a whopping 22,909 Closed Sales so far which is up 16.2% compared to last year at this same time. October had the most Closed Sales since 2006! Yes, things are looking up, up, up!

According to the RMLS Market Action Report for the Portland Metro Area  October, 2013:

  • At 2,189, October Closed Sales increased 1.4% over September , and 4.1% over October 2012.
  • There were 2,535 New Listings in October. This was a decrease of 13.3% from September, and an increase of 5% over October of 2012.
  • The Average Sale Price in October was $314,100, down from $317,300 in September.
  • October Pending Sales (accepted offers) dropped by 4.2% compard to September, and decreased by 2.4% as compared to October 2012.

The combined areas of Lake Oswego and West Linn  for October reported:

    • 489 Active Listings
    • 137 New Listings
    • 132 Pending Sales
    • 117 Closed Sales
    • An average Sale Price of $438,400.
    • Average Time on the Market: 79 Days
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Market Activity ~ Nov 4-10, 2013

Easy does it. RMLS shows 8 New properties entering the market, 16 moving to Pending status, and 10 that “Closed”/Sold last week in Lake Oswego. Feels like “the season” : )

Here is the breakdown of activity according to RMLS:

NEW ON MKT (Nov 4-10, 2013):

Address List Price # Beds # Baths Total SF Prop Type
3696 SPRING LN #3B $141,700 2 2 1117 CONDO
16200 Pacific Hwy #21 $285,000 2 2 1200 CONDO
16200 PACIFIC HWY #24 $285,000 2 2 1190 CONDO
15956 PARKER RD $579,900 4 2.1 3200 DETACHD
5004 WOODCREST LN #16E $589,900 3 2.1 2523 DETACHD
363 6TH ST $599,900 3 3.1 2258 ATTACHD
2814 VALE CT $629,000 4 3 3192 DETACHD
13581 GOODALL RD $799,000 3 2 1220 DETACHD

PENDING SALES (Nov 4-10, 2013)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY #56 $104,900 2 1.1 823 CONDO 4
6397 MCEWAN RD $289,900 3 2 1008 DETACHD 55
15 SUMMIT RIDGE CT $324,900 2 2.1 1750 ATTACHD 26
4990 OAKRIDGE RD $329,000 3 2 1700 DETACHD 80
13008 ROGERS RD $439,900 4 2.1 2448 DETACHD 152
3200 UPPER DR $469,500 4 3 2543 DETACHD 75
5172 WOODCREST LN #LT 2E $559,554 3 2.1 2500 DETACHD 5
885 LAKE FOREST DR $575,000 4 3 2186 DETACHD 6
19524 RIVER RUN DR $618,950 4 2.1 2630 DETACHD 124
208 NORTHSHORE RD $629,900 5 3 2926 DETACHD 113
19321 RIVERWOOD LN #LT 3W $635,969 4 4 3367 DETACHD 3
5185 WOODCREST LN #24E $643,098 3 2.1 2500 DETACHD 1
716 LAKESHORE RD $675,000 3 2 1878 DETACHD 101
5728 BAY CREEK DR $719,900 5 2.1 3567 DETACHD 133
4150 Upper DR $915,000 3 3.1 3354 DETACHD 160
1600 VIEW LAKE CT $950,000 2 2.1 3335 DETACHD 165

SOLD (Nov 4-10, 2013)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #60 $139,900 $115,000 3 2 1026 CONDO 153
5225 JEAN RD #306 $170,000 $160,000 2 2 1400 ATTACHD 147
5813 SW KENNYCROFT WAY $292,500 $260,000 3 1 1182 DETACHD 107
95 KINGSGATE RD $299,000 $305,000 3 2.1 1669 DETACHD 3
1645 CLOVERLEAF RD $429,900 $392,000 3 3 2494 DETACHD 33
2727 GLEN HAVEN RD $449,900 $450,000 3 2 2518 DETACHD 3
2103 RIDGEWOOD RD $599,000 $498,000 3 2 1648 DETACHD 71
1873 OAK ST $635,000 $585,000 3 2.1 3576 DETACHD 157
2183 HILLSIDE CT $799,000 $770,000 4 3.1 4473 DETACHD 171
3149 DOUGLAS CIR $1,180,000 $1,075,000 5 3.2 5237 DETACHD 443

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