Category: Market Activity

Real Estate Market Statistics for Lake Oswego, Oregon

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Market Activity ~ Sept 27-Oct 3, 2010

Market activity last week brought Lake Oswego 10 new listings, 9 pending sales, and 12 closed sales according to RMLS.

See below for further details:

NEWLY LISTED (Sept 27-Oct 3, 2010)

Address List Price # Beds # Baths Total SF Prop Type
44 CRESTFIELD CT $75,000 2 1 923 CONDO
572 S STATE ST #8C $180,000 2 1 914 CONDO
5054 FOOTHILLS DR #69E $215,000 3 2 1252 CONDO
44 ORIOLE LN $270,000 4 2.1 2224 DETACHD
3541 RED CEDAR WAY $404,900 3 3 1963 DETACHD
17890 KELOK RD $417,900 4 2.1 3095 DETACHD
4978 MULHOLLAND DR $419,000 3 2.1 2498 ATTACHD
135 5th ST $539,900 4 1 2200 DETACHD
17606 WOODHURST PL $598,000 5 3.1 4488 DETACHD
15578 VILLAGE DR $799,000 3 2.1 3630 DETACHD

PENDING SALES (Sept 27-Oct 3, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
79 GALEN ST $69,900 2 2 995 CONDO 35
668 MCVEY AVE #54 $140,000 3 1.1 992 CONDO 5
2 MOUNTAIN CIR $160,000 2 1.1 1504 ATTACHD 21
6447 MCEWAN RD $169,900 2 1 912 DETACHD 115
6173 WASHINGTON CT $314,000 3 2 1440 DETACHD 10
1462 GREENTREE CIR $389,900 4 2.1 2507 DETACHD 138
571 2ND ST #307 $631,000 2 2 1561 CONDO
16461 CHAPIN WAY $749,900 4 2.1 4271 DETACHD 488
3151 DOUGLAS CIR $1,185,000 5 4.2 4400 DETACHD 125

SOLD (Sept 27-Oct 3, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
512 S STATE ST $129,900 $90,000 1 1 829 CONDO 106
510 S STATE ST $117,500 $95,100 1 1 829 CONDO 58
16790 LAKE FOREST BLVD $155,000 $120,000 2 1 780 DETACHD 32
4201 COLLINS WAY $279,000 $278,000 3 2 1230 DETACHD 53
15265 BOONES WAY $324,500 $300,000 2 2.1 1560 ATTACHD 21
4664 FIRWOOD RD $379,900 $347,900 3 2 1640 DETACHD 53
231 LAUREL ST $425,000 $388,000 3 3 2244 DETACHD 119
17778 MARYLCREEK DR $459,900 $400,000 3 2.1 2741 DETACHD 49
325 3RD ST $499,900 $441,500 2 2.1 1937 ATTACHD 189
15 SCARBOROUGH DR $549,000 $494,000 5 3.1 3310 DETACHD 58
1050 Schukart LN $599,000 $561,015 3 3.1 5847 DETACHD 207
17281 KELOK RD $1,195,000 $845,000 3 3 2682 DETACHD 370

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 Sept. 20-26, 2010

Last week brought 19 new listings onto the market, 11 pending sales, and 11 closed sales.

There is a new listing worth getting excited about. It’s a condo right on the lake at the East end off of McVey. It was previously listed for $549,000, and is now a foreclosure listed for $140,000. Seriously, waterfront for $140,000. My guess is that the bank who now owns it knows that with the lake level lowered right now for the sewer replacement project, they know it will not show well. But if you are willing to look at a mud bog until next summer when the lake is refilled, you could get yourself one screaming deal. It’s just 992 square feet, with 3 bedrooms and 1 1/2 baths. Give Linda or myself a call if you want more info.

In the mean time, here is last week’s report.

See below for further details.

NEWLY LISTED (Sept 20-26, 2010)

Address List Price Bedroom Baths Sq Feet Prop Type
44 EAGLE CREST DR $100,000 2 1 908 CONDO
668 MCVEY AVE $140,000 3 1.5 992 CONDO
4085 JEFFERSON PKWY $168,900 2 2.5 1,851 CONDO
10 ORIOLE LN $299,500 3 2 1,654 DETACHD
6173 WASHINGTON CT $314,000 3 2 1,440 DETACHD
16026 PARKER RD $330,000 3 1 1,620 DETACHD
4260 SOUTHSHORE BLVD $349,000 2 2 1,268 DETACHD
106 KINGSGATE RD $349,900 3 2.5 1,669 DETACHD
2602 ORCHARD HILL PL 409900 3 2.5 2,568 DETACHD
17187 CARLSON CT 435000 4 3 2,082 DETACHD
979 DEVON LN 457000 4 3.5 2,162 DETACHD
2250 PARK RD 499000 3 2 2,072 DETACHD
19263 MEGLY CT 559900 5 3 3,213 DETACHD
17981 MEADOWLARK LN 584900 3 2.5 3,250 DETACHD
5975 NEWCASTLE DR 649000 4 2.5 3,339 DETACHD
1969 PALISADES TERRACE DR 775000 4 2.5 3,930 DETACHD
312 9th ST 782850 4 2.5 2,640 DETACHD
453 9th ST 797950 4 3.5 2,859 DETACHD
3030 Childs RD 999950 5 4.5 7,076 DETACHD

PENDING SALES (Sept 20-26, 2010)

Address List Price Bedrooms Baths Sq Feet Prop Type
200 BURNHAM RD $149,000 2 2 1,335 CONDO
18462 DON LEE WAY $179,900 4 2 1,904 DETACHD
16200 PACIFIC HWY $184,900 2 2 1,190 CONDO
1070 HALLINAN $321,000 3 1.5 1,653 DETACHD
32 CHURCHILL DOWNS $379,900 4 2.5 3,016 DETACHD
1000 ATWATER RD $389,900 4 3 2,200 DETACHD
17491 BLUE HERON DR $459,900 4 2 2,396 DETACHD
230 4TH ST $475,000 3 3 2,165 DETACHD
13143 VERMEER DR 499000 3 2.5 2,288 DETACHD
14246 KIMBERLY CIR 615000 4 2.5 3,520 DETACHD
844 5TH ST 829000 3 3 2,590 DETACHD

SOLD (Sept 20-26, 2010)

table >

Address Orig. Price Close Price CDOM Sq Feet Prop Type
6011 SHAKESPEARE ST $195,000 $196,000 1 1,318 DETACHD
5060 FOOTHILLS DR $229,500 $210,000 32 1,252 CONDO
18929 INDIAN SPRINGS RD $324,900 $324,900 7 3,380 DETACHD
595 6TH ST $349,000 $349,000 3 893 DETACHD
19 FALSTAFF ST $500,000 $405,000 169 3,207 DETACHD
19451 SW DOGWOOD CT $559,900 $527,900 104 3,547 DETACHD
577 2ND ST $595,000 $535,000 211 1,459 CONDO
3030 WESTVIEW CT $859,000 $727,500 677 3,415 DETACHD
5288 DENTON DR $759,000 $739,000 62 3,240 DETACHD
3540 RED CEDAR WAY $919,000 $740,000 177 4,100 DETACHD
1318 HORSESHOE CURV $1,275,000 $1,090,000 165 3,554 DETACHD

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 ~ Sept 13-19, 2010

Market activity last week brought us 16 new listings, 2 pending sales, and 14 closed sales.

Two of the New Listings, Eagle Crest & Southwood, had been off the market for just a little less than 30 days & took a $30,000 price drop & approx $10,000 respectively.  Cameo was only off the market for a few days, but took a $250,000 price drop.  All show as New Listings with new Realtors as well.

See below for further details.

NEWLY LISTED (Sept 13-19, 2010)

Address List Price # Beds # Baths Total SF Prop Type
44 EAGLE CREST DR #1 $110,000 2 1 908 CONDO
3433 McNary PKWY #504 $189,900 2 2.1 1136 CONDO
37 ORIOLE LN $274,900 2 2 1520 DETACHD
1095 CORNELL ST $299,500 2 1 1416 DETACHD
427 9TH ST $299,900 4 2 2130 DETACHD
4760 LOWER DR $345,000 4 3 2500 DETACHD
13901 SUNDELEAF DR $350,000 4 0.3 1877 DETACHD
151 DEL PRADO ST $439,000 4 2.1 2447 DETACHD
326 LAKE BAY CT $474,900 3 2 1410 DETACHD
777 BERWICK CT $475,000 3 2 2324 DETACHD
14361 SHERBROOK PL $569,000 3 2.1 2100 DETACHD
5705 SOUTHWOOD DR $598,000 4 2.1 3360 DETACHD
15566 VILLAGE PARK CT $709,900 5 3.1 4692 DETACHD
193 FURNACE ST $769,950 2 2.1 2215 CONDO
13795 CAMEO CT $1,400,000 4 5.2 7190 DETACHD
1677 LESLIE LN $2,599,000 5 5.1 7534 DETACHD

PENDING SALES (Sept 13-19, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4664 FIRWOOD RD $349,900 3 2 1640 DETACHD 53
17670 MARYLBROOK DR $499,000 4 3 3067 DETACHD 261

SOLD (Sept 13-19, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
47 EAGLE CREST DR #31 $84,950 $71,000 2 1 1009 CONDO 104
205 CERVANTES $164,900 $120,000 2 1.1 1216 CONDO 145
16200 PACIFIC HWY #8 $279,900 $221,500 2 2 1208 CONDO 120
3388 EDGEMONT RD $359,900 $250,000 3 2.1 1968 DETACHD 283
4236 HARVEY WAY $399,500 $348,000 3 2.1 1870 DETACHD 110
15580 PARTRIDGE DR $378,000 $350,000 3 2.1 2245 DETACHD 267
17518 REDFERN AVE $409,000 $365,000 3 2 1831 DETACHD 715
24 PARTRIDGE LN $449,000 $450,000 4 2.1 3224 DETACHD 40
5678 CHARLES CIR $580,000 $520,000 3 4 3455 DETACHD 495
14158 KIMBERLY CIR $530,000 $530,800 5 3 3648 DETACHD 40
19288 SW Megly CT $579,900 $562,400 5 3 3594 DETACHD 149
1425 CHANDLER RD $978,000 $750,000 4 3 3384 DETACHD 43
4912 FIRWOOD RD $999,900 $950,000 4 4 5640 DETACHD 21
19000 BRYANT RD $965,000 $965,000 5 3.1 5874 DETACHD 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 September 6-12, 2010

Market activity last week brought us 10 new listings, 11 pending sales, and 3 closed sales.

See below for further details.

NEWLY LISTED (September 6-12, 2010)

Address List Price Bedrooms Baths Sq. Feet Prop Type
2 MOUNTAIN CIR $160,000 2 1.5 1,504 ATTACHD
5063 FOOTHILLS DR $225,000 2 2 991 CONDO
17335 ASHLEY CT $294,900 3 2.5 2,161 ATTACHD
532 2ND ST $350,000 2 2.5 1,394 CONDO
1551 WOODLAND TER $499,000 4 2 2,712 DETACHD
5188 MADRONA ST $549,000 3 3 3,183 DETACHD
17682 MARYLBROOK DR $649,900 4 2.5 3,799 DETACHD
3883 TAMARACK LN $669,000 4 2.5 2,898 DETACHD
13978 Westcott CT 675000 3 3 3,361 DETACHD
1088 WESTWARD HO RD 725000 2 2 1,837 DETACHD

PENDING SALES (September 6-12, 2010)

Address List Price Bedrooms Baths Sq Feet Prop Type
200 BURNHAM RD $139,000 2 1 1,216 CONDO
16250 PACIFIC HWY $139,000 2 2 1,327 CONDO
6125 FERNBROOK ST $239,000 3 1.5 1,271 DETACHD
1496 BOCA RATAN DR $249,900 3 1.5 1,403 ATTACHD
875 LEE ST $349,900 3 2 2,200 DETACHD
2329 STONEHURST CT $539,900 4 3 3,275 DETACHD
18263 ANDUIN TER $575,000 4 3 3,100 DETACHD
550 MIDDLECREST RD $584,900 3 2.5 2,240 DETACHD
13566 STREAMSIDE DR 598000 3 2.5 3,123 DETACHD
5657 VICTORIA CT 689900 4 3 3,421 DETACHD
1641 ENGLEWOOD DR 695000 4 2.5 4,204 DETACHD

SOLD (September 6-12, 2010)

Address List Price Closed Price Bedrooms Prop Type Baths Sq Feet CDOM
745 BERWICK CT $549,000 $520,000 3 DETACHD 2 1988 143
2125 RIDGE POINTE DR $879,000 $790,000 4 DETACHD 3.5 3489 171
13764 KNAUS RD $1,375,000 $1,200,000 4 DETACHD 4.5 4805 52

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 Aug 30-Sept 5, 2010

Market activity last week brought us 16 new listings, 12 pending sales, and 13 closed sales.

See below for further details.

NEWLY LISTED (August 30-Sept 5, 2010)

Address List Price Bedrooms Baths Prop Type
49 OSWEGO SMT $85,000 1 1 CONDO
3924 CARMAN DR $199,000 2 2.5 ATTACHD
23 GREENRIDGE CT $235,000 2 1.5 ATTACHD
5713 SW KENNY ST $284,900 3 2 DETACHD
4347 SILVER CT $312,000 3 2.5 CONDO
9 ORIOLE LN $335,000 3 3 DETACHD
132 MIDDLECREST RD $364,900 3 1 DETACHD
12139 SW ORCHARD HILL WAY $399,000 4 2.5 DETACHD
200 BURNHAM RD 429000 3 2 CONDO
1900 GREENTREE RD 449000 4 3 DETACHD
2634 ORCHARD HILL PL 449500 3 2.5 DETACHD
1033 YATES 549900 4 3.5 DETACHD
17590 BLUE HERON DR 850000 4 3 DETACHD
100 GARIBALDI ST 999500 5 3.5+.5 DETACHD
4464 LAKEVIEW BLVD 1399000 3 4 DETACHD
1300 FAIRWAY RD 4490000 4 3.5 DETACHD

PENDING SALES (Aug 30-Sept 5, 2010)

Address List Price Bedrooms Baths Prop Type
512 S STATE ST $99,900 1 1 CONDO
45 EAGLE CREST DR $119,900 1 1 CONDO
41 GREENRIDGE CT $175,000 3 2.5 ATTACHD
74 GREENRIDGE CT $259,900 3 2.5 ATTACHD
541 2ND ST $499,000 2 2 CONDO
15 SCARBOROUGH DR $499,000 5 3.5 DETACHD
577 2ND ST $535,000 2 2 CONDO
339 6TH ST $549,900 3 3.5 ATTACHD
1050 Schukart LN 599000 3 3.5 DETACHD
3030 WESTVIEW CT 795000 4 2.5 DETACHD
490 COUNTRY CLUB RD 869900 5 4 DETACHD
16772 ALDER CIR 1995000 4 3.5 DETACHD

SOLD (August 30-Sept 5, 2010)

Address Orig./Price Close/Price Bedrooms Prop Type Baths CDOM
5857 CARMAN DR $190,000 $162,000 2 DETACHD 1 92
668 MCVEY AVE $329,998 $252,000 3 CONDO 1.5 647
116 TOUCHSTONE TER $299,000 $270,000 3 CONDO 2.5 327
1851 KILKENNY DR $450,000 $305,000 4 DETACHD 3 2
75 CONDOLEA WAY $389,000 $369,000 3 CONDO 3 133
1480 Hemlock ST $388,800 $369,000 4 DETACHD 3 92
16 PARTRIDGE LN $419,000 $385,000 3 DETACHD 2.5 104
13909 MAJESTIC CT $399,900 $415,000 4 DETACHD 3 126
26 INDEPENDENCE AVE $574,000 495,000 4 DETACHD 3 117
5722 CHARLES CIR $599,900 560,000 4 DETACHD 2.5 69
17446 BRYANT RD $795,000 730,000 4 DETACHD 4 1515
13777 Cameo CT $1,950,000 1,400,000 5 DETACHD 4.5 411
95 IRON MOUNTAIN BLVD $1,550,000 1,400,000 4 DETACHD 5.5 631

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 ~ Aug 23-29, 2010

We had 15 New properties enter the market in Lake Oswego this last week, 5 go to Pending status, and 7  Closed/Sold.

Here’ your weekly update (see below the tables for additional notes):

NEWLY LISTED (August 23-29, 2010)

Address List Price # Beds # Baths Total SF Prop Type
79 GALEN ST $69,900 2 2 995 CONDO
5180 W SUNSET DR $289,000 1 1 736 DETACHD
2240 SOUTHSHORE BLVD $309,000 3 1 1120 DETACHD
19189 INDIAN SPRINGS RD $347,000 4 3 2156 DETACHD
580 2ND ST $395,000 2 1.2 1464 CONDO
5644 WINDFIELD LOOP $399,000 3 3 1800 DETACHD
2355 GREENTREE RD $449,900 3 2 1992 DETACHD
4978 MULHOLLAND DR $459,000 3 2.1 2498 ATTACHD
17787 BLUE HERON DR $469,950 4 3 2448 DETACHD
310 DURHAM ST $475,000 3 2.1 1940 ATTACHD
1119 OAK ST $524,900 4 2.1 2123 DETACHD
877 CORNELL ST $739,000 3 3 3100 DETACHD
5320 SOUTHWOOD DR $795,000 4 3 3646 DETACHD
844 5TH ST $829,000 3 3 2590 DETACHD
17010 Chapin WAY $1,115,000 4 3.1 4032 DETACHD

PENDING SALES (Aug 23-29, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
1684 BOCA RATAN DR $248,900 3 2 1611 ATTACHD 531
18929 INDIAN SPRINGS RD $324,900 5 3 3380 DETACHD 7
1480 Hemlock ST $388,800 4 3 2246 DETACHD 92
26 INDEPENDENCE AVE $515,000 4 3 3694 DETACHD 117
13595 KNAUS RD $599,000 4 2.1 3339 DETACHD 15

SOLD (August23-29, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
1728 ASPEN CT $279,900 $250,000 3 2.1 1852 DETACHD 385
139 TOUCHSTONE CT $279,900 $270,000 2 2.1 1846 ATTACHD 33
4490 LAKEVIEW BLVD $299,900 $290,000 3 2 1727 DETACHD 90
3068 DUNCAN DR $424,000 $369,750 4 4 3281 DETACHD 272
12748 SW 22ND AVE $699,000 $435,000 4 2.1 2584 DETACHD 373
12819 ALTO PARK RD $1,097,500 $927,000 4 4.1 3944 DETACHD 115
1097 CHANDLER RD $1,439,000 $1,390,000 4 4.1 5313 DETACHD 42

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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A Market Snapshot

This morning’s Oregonian had a cover story on the decline of the housing market (such a nice story to wake up to). I thought it might be helpful if I localized the information and provided you with some stats.

Is our glass half empty? Or is our glass half full? Today I am comparing the inventory of various price ranges including what is currently for sale, what has sold in the last 6 months, and, in the case of detached homes, how that compares to the same time period a year ago:

Detached Houses
Price Range For Sale Now Sold in last 6 months Months of Inventory Sold in same 6 months of 2009
$100,000-$200,000 4 4 6 2
$201,000-$300,000 36 42 5 21
$301,000-$400,000 83 68 7 49
$401,000-$500,000 76 47 9 30
$501,000-$600,000 82 47 10 24
$601,000-$700,000 52 26 12 14
$701,000-$800,000 57 16 22 17
$801,000-$900,000 34 11 19 8
$901,000-$1,000,000 19 8 15 9
$1,001,000-$1,500,000 54 11 30 17
$1,501,000-$2,000,000 25 0 Indefinite 4
$2,001,000-$2,500,000 7 1 44 2
$2,501,000-$3,000,000 4 1 25 1
$3,001,000-$15,000,000 11 1 68 0
Condos
$50,000-$100,000 20 11 2
$101,000-$200,000 63 39 9
$201,000-$300,000 33 21 9
$301,000-$400,000 10 7 6
$401,000-$500,000 16 5 19
$501,000-$600,000 9 1 56
$601,000-$700,000 7 4 11
$701,000-$800,000 0 0 –
$801,000-$900,000 3 0 Indefinite
$901,000-$1,000,000 2 0 Indefinite
$1,001,000-$2,000,000 1 0 Indefinite
$2,001,000-$3,000,000 1 0 Indefinite

Observations on new construction:
As of today there are 42 listings for new homes that are listed in price from $449,900 to $3,700,000. In the last six months 11 new homes have been sold, the most expensive of which was for $965,000. There are currently 10 new homes listed for sale that are priced over $1,000,000. That is a huge reduction from 3 years ago when I recall counting them and finding over 100 homes that were new construction for sale priced at over $1,000,000. The builders are learning to work with this economy and are building their spec homes in much more affordable price ranges. There are a couple of new subdivisions in LO right now with home prices in the high 400’s and low 500’s.

My Observations
I think the most interesting bit of information I see in this is that the sales have actually increased substantially, although at lower prices. In the February to August time frame 199 houses sold in 2009 versus 283 that sold in 2010. That is a nearly 50% increase. Yes, some credit can be given to the tax credit that expired in June, but I think that there is another factor at play. As prices have come down, buyers who assumed that they previously could not afford Lake Oswego are now finding opportunities in homes that they can afford. The decline in prices is perhaps a boon to the LO housing market in general.

Another observation is that the condo market is really soft as the price goes up. Condos appeal to people seeking an ease of living with Home Owner’s Associations taking care of the yards and exterior maintenance, but another part of the condo market is people who buy into condos because they have been priced out of detached homes that they can afford. As detached home prices have come down, this has given buyers the opportunity to purchase a single family residence as opposed to a condo in the same price range. I see the condos that are currently for sale in the $700,000+ pricing and wonder just how many years it will be before they get an offer.

Highest and Lowest
The least expensive detached home currently for sale in LO is 912 square feet, built in 1963, with 3 bedrooms and 1 bath. It’s priced at $180,000. The most expensive home is still the 5 acre, private island in Oswego Lake. With 13,500 square feet, 4 bedrooms, 6 full and 2 half baths, it was built in 1930 and is priced at $15,000,000.

I hope this information is helpful to you. Please let me know if you have any observations of your own.
Enjoy the day!
Dianne

Photo courtesy of bing.com

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Market Activity ~ Aug. 16-22, 2010

We’ve got 21 New properties on the market in Lake Oswego as of this last week, 14 that have gone to Pending status, and 8 that have Closed/Sold.    I left a couple of properties as “New” even though they had not been off the market for at least 30 days (which is my usual rule for that) because they had both new representation AND significant price reductions…   The rest are truly fresh listings.

Healthy activity. You’ll note in the “Sold” section below, that most of these were not on the market for that long, relatively speaking.  Summertime season. It’s also always interesting to note the Opening price as compared to the Closed Price.  One sold for $30,000 more than it was listed for… not sure what was up there. But most prices took a drop; some pretty significantly.

Here’ your weekly update (see below the tables for additional notes):

NEWLY LISTED (August 16-22, 2010)

Address List Price # Beds # Baths Total SF Prop Type
58 GALEN ST $80,000 1 1 689 CONDO
100 KERR PKWY #34 $155,000 2 2 823 ATTACHD
4 TOUCHSTONE #120 $178,900 3 2.1 1350 CONDO
3854 BOTTICELLI ST $200,000 2 1.1 1132 CONDO
5055 FOOTHILLS DR $250,000 2 2 1252 CONDO
4948 MEADOWS RD $259,900 3 2 2491 DETACHD
464 5TH ST $290,000 2 1.1 1092 ATTACHD
6062 BURMA RD $314,900 4 2 1875 DETACHD
13990 SHIREVA CT $325,000 3 2 1651 DETACHD
12623 SW BOONES FERRY RD $349,950 2 2 1652 DETACHD
14101 GOODALL RD $350,000 4 2 1816 DETACHD
19026 SW INDIAN SPRINGS RD $359,900 5 3 2841 DETACHD
5717 BONITA RD $400,000 4 2 2572 DETACHD
2697 LOOKOUT CT $429,000 3 2 2219 DETACHD
6051 SUMMER WOODS $495,000 4 2.1 2642 DETACHD
17973 SAINT CLAIR DR $577,000 4 3 3323 DETACHD
13566 STREAMSIDE DR $598,000 3 2.1 3123 DETACHD
4055 ORCHARD DR $649,999 5 0.4 3350 DETACHD
5157 DENTON DR $719,900 4 2.1 3087 DETACHD
5231 DENTON DR $739,900 4 2.1 3031 DETACHD
330 NORTHSHORE RD $799,000 4 3 3324 DETACHD

PENDING SALES (Aug 16-22, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
44 EAGLE CREST DR $89,900 2 1 908 CONDO 408
54 CERVANTES CIR $139,000 2 1.1 912 CONDO 83
200 BURNHAM RD #206 $139,000 2 1 1199 CONDO 1521
5857 CARMAN DR $180,000 2 1 972 DETACHD 92
16000 PACIFIC HWY #25 $189,000 2 2 1200 CONDO 308
6011 SHAKESPEARE ST $195,000 3 1 1318 DETACHD 1
5060 FOOTHILLS DR C $229,950 3 2 1252 CONDO 32
1818 COUNTRY CLUB RD $235,000 4 2 1596 DETACHD 131
668 MCVEY AVE #20 $239,998 3 1.1 992 CONDO 647
1073 HALLINAN ST $349,000 3 2.1 1828 DETACHD 64
4243 ALBERT CIR $354,000 4 3 2257 DETACHD 11
19 FALSTAFF ST $425,000 4 2.1 3207 DETACHD 169
3210 FIR RIDGE RD $525,000 4 3.2 2832 DETACHD 125
17700 UPPER CHERRY LN $2,495,000 5 5.1 6907 DETACHD 10

SOLD (August16-22, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
26 CONDOLEA DR $229,900 $185,000 2 2 1420 CONDO 131
580 8TH ST $255,000 $285,000 2 1 852 DETACHD 12
4524 AUBURN LN $535,000 $480,000 3 3.1 2732 ATTACHD 169
16884 SUMMER PL $524,900 $520,000 4 2.1 2911 DETACHD 22
18282 ANDUIN TER $625,000 $554,000 4 2.1 3765 DETACHD 1
5783 VICTORIA CT $599,900 $572,000 3 2 2500 DETACHD 21
5529 WESTFIELD CT $629,000 $629,000 3 2.1 2968 DETACHD 4
1973 CHERYL CT $1,695,000 $1,450,000 5 4.1 6436 DETACHD 53

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

Posted on

Market Activity August 9-15, 2010

Along with a heat wave, Lake Oswego had 13 new listings, 11 pending sales, and 10 closed sales in the last week.
Here is your weekly update (see below the tables for additional notes):

NEWLY LISTED (August 9-15, 2010)

Address List Price BR Baths SQ Feet Prop Type
16257 LAKE FOREST BLVD $249,900 3 1 1,132 DETACHD
11 CONDOLEA DR $415,000 2 2.5 2,157 CONDO
273 EVERGREEN RD $499,000 3 3.5 1,789 ATTACHD
17560 WESTVIEW DR $539,000 3 2.5 2,561 DETACHD
1625 BEDFORD CT $549,900 2 2.5 2,460 DETACHD
29 SPINOSA $579,900 3 2.5+.5 3,187 DETACHD
1278 HIDE A WAY LN $599,000 4 2.5 2,700 DETACHD
1277 HIDE A WAY LN $599,900 5 3 3,120 DETACHD
4685 UPPER DR 600000 3 2 3,341 DETACHD
5321 AMBERWOOD CT 729000 4 3 3,315 DETACHD
610 CABANA LN 895000 3 2 1,729 DETACHD
4018 COHO LN 1099000 4 4.5 4,777 DETACHD
1954 EGAN WAY 1295000 3 2.5 3,748 DETACHD

PENDING SALES (Aug 9-15, 2010)

Address List Price BR Baths Sq Feet Prop Type CDOM
322 CERVANTES CIR $69,900 2 1 832 CONDO 82
16790 LAKE FOREST BLVD $155,000 2 1 780 DETACHD 32
1728 ASPEN CT $259,900 3 2.5 1,852 DETACHD 385
4201 COLLINS WAY $279,000 3 2 1,230 DETACHD 40
5207 COVENTRY CT $439,000 3 2 1,973 DETACHD 12
19451 SW DOGWOOD CT $539,900 6 3 3,547 DETACHD 93
1704 GLENMORRIE TER $583,000 5 3 3,885 DETACHD 124
13768 KNAUS RD $619,000 4 2 2,418 DETACHD 27
17467 WESTVIEW DR 727900 4 3.5 3,774 DETACHD 4
3540 RED CEDAR WAY 799000 5 3.5 4,100 DETACHD 177
606 6TH ST 839000 4 3 2,988 DETACHD 131

SOLD (August 9-15, 2010)

Address O/Price Sold Price BR Sq Feet Prop Type CDOM
1255 BAYBERRY RD $390,000 $260,000 3 1,901 DETACHD 335
1641 ASH ST $419,950 $279,500 4 2,825 DETACHD 177
5434 YORKSHIRE PL $369,900 $385,000 3 2,335 DETACHD 5
4284 WESTBAY RD $525,000 $490,000 3 1,539 DETACHD 12
220 GREENWOOD RD $599,900 $565,000 4 2,639 DETACHD 573
18010 GIMLEY CT $649,000 $575,000 4 3,652 DETACHD 116
14002 TAYLORS CREST LN $650,000 $599,000 4 3,086 DETACHD 132
898 CORNELL ST $759,000 $702,000 3 3,000 DETACHD 390
1703 VILLAGE PARK LN $789,000 $745,000 3 3,450 DETACHD 156
18820 GREENBLUFF DR $1,495,000 $1,193,950 4 5,382 DETACHD 99

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

Posted on

Market Activity ~ August 2-8, 2010

Lake Oswego had 20 New properties enter the market, 12 go to Pending status, and 5 Sold during last week’s Monday – Sunday period according to RMLS.

This must be some kind of a record in this market~4 out of the 5 properties that closed last week were on the market for only around 2 weeks at: 19, 14, 9 & 12 days… total time on the market respectively.  I checked the history reports just to make sure, but sure enough, the info is accurate. Very interesting.

Here’ your weekly update (see below the tables for additional notes):

NEWLY LISTED (August 2-8, 2010)

Address List Price # Beds # Baths Total SF Prop Type
47 EAGLE CREST DR $70,900 1 1 696 CONDO
4631 LAKEVIEW BLVD $99,000 1 1 753 CONDO
129 OSWEGO SMT $99,995 1 1 764 CONDO
208 RIDGEWAY RD $144,900 1 1 778 CONDO
15220 BOONES WAY $179,900 2 1.1 1266 CONDO
212 RIDGEWAY RD $189,900 1 1 778 CONDO
5852 LAKEVIEW BLVD $243,000 3 1 1099 DETACHD
6157 SHAKESPEARE ST $319,900 3 1.1 1558 DETACHD
14081 GOODALL RD $364,900 4 2 2250 DETACHD
19201 MAREE CT $399,700 3 2 3739 DETACHD
5866 RIDGETOP CT $400,000 3 2 1866 DETACHD
6155 FROST LN $450,000 4 2.1 2364 DETACHD
1 HIDALGO ST $459,000 3 2.1 2670 DETACHD
4101 VIRGINIA WAY $499,000 5 3.1 2752 DETACHD
6236 WAYZATA CT $541,500 5 2.1 2752 DETACHD
13250 SANDALWOOD CT $569,000 3 2.1 2842 DETACHD
15776 INVERURIE RD $650,000 2 1 2350 ATTACHD
1483 WOODLAND TER $729,000 4 2.1 2794 DETACHD
5983 CLAIRMONT CT $749,000 5 3 3518 DETACHD
17531 KELOK RD $1,075,000 4 3 3000 DETACHD

PENDING SALES (Aug 2-8, 2010)

Address List Price Prop Type Total SF # Beds # Baths CDOM
200 BURNHAM RD $139,000 CONDO 1328 2 2 1134
16250 PACIFIC HWY $159,000 CONDO 1311 2 2 821
16000 PACIFIC HWY $179,000 CONDO 1208 2 2 310
642 EVERGREEN RD $210,000 DETACHD 810 2 0.1 0
16149 PEARCY ST $319,900 DETACHD 1250 3 2 35
15265 BOONES WAY $324,500 ATTACHD 1560 2 2.1 21
1660 WOODLAND TER $385,000 DETACHD 2728 4 3 208
75 CONDOLEA WAY $389,000 CONDO 2131 3 3 133
5288 DENTON DR $759,000 DETACHD 3240 5 2.1 43
17446 BRYANT RD $770,000 DETACHD 3477 4 4 1515
2125 RIDGE POINTE DR $819,000 DETACHD 3489 4 3.1 171
12819 ALTO PARK RD $1,097,500 DETACHD 3944 4 4.1 115

SOLD (August 2-8, 2010)

Address O/Price Close Price # Beds # Baths Prop Type Total SF CDOM
5713 SW KENNY ST $203,910 $194,000 3 2 DETACHD 1296 19
1960 MAPLELEAF RD $225,000 $195,325 3 2 DETACHD 1210 3
4321 WOODSIDE CIR $289,000 $273,000 3 2 ATTACHD 1532 14
17845 SARAH HILL LN $417,000 $385,000 4 2.1 DETACHD 2970 9
5580 KILCHURN AVE $549,900 $515,000 4 2.1 DETACHD 2286 12

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