Category: Market Activity

Real Estate Market Statistics for Lake Oswego, Oregon

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News & Notes

State of the Market:

  • Have We Hit Bottom? The experts agree that generally speaking, the country has “hit bottom”, with various areas lagging behind a bit.   CNN.Money.com predicts that the Portland area will hit bottom in Q3 of this year. Our latest RMLS Market Action Report for the Portland area indicates that Portland metro area closed sales increased 18.4% when comparing 2009 vs 2010. Pending sales rose 45% and new listings rose 12.4%. The average sales price declined 8.5%.

(Money Magazine) — The drama is nearly over. After a decade of extremes — the ebullient highs of the real estate boom, then the devastating lows of the bust — calmer forces are beginning to prevail in the housing market.

  • Local Lake Oswego Data The RMLS Market Action Report lumps West Linn and Lake Oswego together, but here is some interesting data:
    * In February 2010 the average sales price was $457,700.
    * The average time on the market was 153 days.
    * Pending Sales rose 52.7% in Feb 2010 as compared to Feb 2009.
    * The average sales price has declined 9.7% in a rolling 12-month equation (i.e. 3/1/08 – 2/28/09 compared with 3/1/09 – 2/28/10)
  • Rates are Rising I have clients asking  “Is this the right time to buy or should we wait?”  One thing we know is that rates are rising. Right now they are still in the 5% range…  actually they are up a bit today at 5.125% but overall they’ve been fluctuating between 4.875% and 5.125% for 30-yr fixed.  As for more foreclosures to come, and prices lowering… interest rates are rising, some say 7% is possible NY Times… so if you ARE planning to finance, all the experts agree that this is the time to be buying, because even if prices go lower, the fact that the interest rates go up effectively nullifies your benefits.
  • Portland Area Rating Improves “Mortgage insurance companies have upgraded Portland’s property value housing trends, meaning that they predict values to be stabilizing in the Portland market.”  Pat Goodell, Academy Mortgage
  • Tax Credits For first-time home-buyers and “moving-up” buyers, there is still time to find a property you love & get a mutually-agreed deal in place before April 30th. So….  hang in there if you are still looking for that “right” one.  Work with your Realtor to narrow the field, or give Dianne or me a call if you are not working with a Realtor.  (I love working with Buyers…. it is actually the reason I originally got into real estate.)
  • USDA Loans USDA anticipates running out of funds to lend by end-April 2010.  If you are thinking about rural properties and considering a USDA loan, now would be the time to ink an offer.
  • FHA Mortgage Insurance Premiums Rising FHA’s upfront (financed) mortgage insurance premium increased to 2.25% effective April 5. And/but, if you are anticipating taking advantage of an FHA loan, don’t fret too much. You WILL now have the higher premium, however,  it’s not anything that should get you in a tizzy, as it will make very little difference in your mortgage payment.  For example, on a $300,000 loan amount, your payment will only increase by approximately $8./month adding in that higher mortgage insurance premium.  (This according to Pat Goodell of Academy Mortgage  503 380 0953.)
  • “The Deal” One thing I am noticing is that many people are becoming so enamored with “the deal” these days, that some are missing the point of why they decided to purchase to begin with, so I am simultaneously always trying to meet my clients needs & desires in a *property* (i.e. what they are trying to accomplish for themselves in their lives w/the purchase… what they truly like), while at the same time being cognizant of the “deal factor” for them.  Keep in mind these things regarding “deals”…  there are basically three kinds:
  1. People who are pricing their homes to sell. They have their own circumstances (down-sizing/relocation/up-sizing/on & on & on), and they are wanting to move on in some fashion.  There are plenty of these out there these days, especially as home owners look around and face the fact that they are now competing with so many homes in or approaching foreclosure.  There are some very real advantages to buying your home from these folks.  Some include: Often these homes are in tip-top shape / You are dealing directly with the owner of the home and as long as the agreed-upon sales price does not dip below what they owe on the property, you are in “Pending” status when you reach mutual acceptance, and /You are negotiating only with the Seller.  / You proceed through a normal closing process if you are taking out a loan, and notwithstanding any negotiations or hoops you need to jump through for the underwriter, you will most likely close in 30-45 days.
  2. Short Sales. These homes’ owners owe more to the bank than what the property is worth in today’s market. The bank is agreeing to take less than what is owed from the Seller.  There are many, many banks in existence and each has its own methods and processes, so there is no uniformity of what to expect, with a few exceptions that I will get into in a moment.  There may be more than one bank involved if there is a second mortgage or more. There are a few things that you can expect, and they are:   * Even if the Seller accepts your offer, the bank is the one (or ones) to give final approval considering that what they will receive is less than what was contracted with the Seller.   ***The bank (s) will usually have paperwork that you must sign if you want to be in the running that will change how the property proceeds through the sale process including: Notifying you that they will only accept an earnest money check & no promissory notes/ They will keep your money and wait to see how many other offers they receive / They will not give you a time line on when they will respond to your offer / You are usually on your own with regard to any repairs / It is usually several months before you find out if your offer was the one accepted & get to proceed to close / During this process the property very often stays in “Active” position on RMLS / Very often the paperwork you must sign includes a provision wherein the bank retains the right to accept another offer right up to closing.   ***For these reasons,  I counsel clients that they must REALLY be in love with a property to proceed through this process.  Also, depending on the property, you may be entering territory wherein you know that you will be competing with other offers, so the best advice, if this is the case, is to make this your best offer… especially if you plan to sit out the long process and want to have a happy ending.  Don’t try to “wing it”… these are complicated times & even the professionals involved are still feeling out the landscape.  There are all kinds of people calling themselves “experts”.  Make sure you know what you are doing and ask for licenses if you think people on the periphery are operating outside of their scope of expertise. Talk to your Realtor as to what your options are, and rely on that trusted professional relationship for guidance.
  3. Bank-owned properties. These homes have usually been through the short sale phase unsuccessfully.  The property has either been on the market & not sold, or the owners opted not to try a short sale and have simply stayed in the property until they had to move on as the bank proceeded through their legal remedies to regain the property due to non-payment.   These properties are sometimes in sad condition due to hardship (i.e. deferred maintenance), but many times these days, they are in very good condition… a sign of the times & the large numbers of otherwise responsible homeowners who simply found themselves in an untenable position through job loss or other factors. The thing to remember about these properties is that the price is ALWAYS lower than either short-sales or standard “good deals”. The bank wants to move on and prices the home low.  The bank is now the Seller and usually acts just like a normal Seller, i.e. Negotiating (tho usually not for repairs)/ accepting or rejecting an offer/Moving on to close with the property going to “Pending” status once it’s mutually agreed-upon/Proceeding through a normal closing process for the Buyer. For this reason: Investors and others are waiting in the wings to pounce on these very often with cash offers, so you have to be quick, and you want to be very careful about low offers, though this can sometimes still be a viable option. Talk to your Realtor about options as they will vary from property to property.

Hope this info is helpful!

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Lake Oswego Market Activity Report ~ March 29-April 4, 2010

Steady as she goes in Lake Oswego with 30 New, 19 Pending, and 17 Sold properties during last week’s Monday – Sunday period according to RMLS. 
Here’ your data for last week (see below the tables for additional notes):
NEWLY LISTED (March 29—April 4, 2010)

Address List Price # Beds # Baths Total SF Prop Type List Date
65 OSWEGO SMT $129,900 2 2 1,140 CONDO 3/29/2010
6120 SHAKESPEARE ST $249,000 3 1.1 1,000 DETACHD 4/3/2010
19032 KRISTI WAY $259,900 2 2 1,390 DETACHD 4/1/2010
2764 GLEN HAVEN RD $294,900 3 1.1 1,352 DETACHD 4/3/2010
16711 MELLON AVE $309,900 3 2 1,346 DETACHD 4/2/2010
1692 FIRCREST CT $329,900 4 3 2,550 DETACHD 3/31/2010
16969 ALDER CIR $344,900 3 2 1,534 DETACHD 3/29/2010
692 2ND ST $379,000 3 1 1,700 DETACHD 4/2/2010
5434 YORKSHIRE PL $489,000 3 3 2,335 DETACHD 4/3/2010
1690 FIRCREST CT $495,000 3 3.1 2,718 ATTACHD 3/29/2010
26 INDEPENDENCE AVE $574,000 4 3 3,694 DETACHD 3/29/2010
9 ABELARD ST $615,000 5 3.1 3,609 DETACHD 4/1/2010
16006 Kimball AVE $698,000 3 2 1,800 RES-MFG 3/31/2010
92 GARIBALDI ST $699,000 4 3.1 3,172 DETACHD 3/30/2010
17080 FERNWOOD DR $699,900 5 3.1 3,681 DETACHD 4/2/2010
14124 HEATHROW LN $785,000 4 3.1 3,812 DETACHD 3/31/2010
331 CHANDLER PL $810,000 4 2.1 2,428 DETACHD 3/29/2010
2358 SUMMIT DR $879,950 3 2.1 2,995 DETACHD 4/1/2010
606 6TH ST 789000 – 898876 4 3 2,850 DETACHD 4/1/2010
17301 CANAL CIR $949,999 3 2.1 1,863 DETACHD 4/2/2010
17979 CRESTLINE DR $1,149,000 4 2.1 4,650 DETACHD 4/2/2010
16805 SCOTT CT $1,190,000 4 3.1 4,321 DETACHD 4/3/2010
1318 HORSESHOE CURV $1,275,000 5 3 3,554 DETACHD 4/2/2010
2111 HAZEL RD $1,349,000 4 4.1 4,894 DETACHD 4/3/2010
1103 LAKE SHORE RD $1,375,000 3 3 3,200 DETACHD 4/2/2010
4011 WESTBAY RD $1,495,000 5 3.1 4,518 DETACHD 4/1/2010
13081 KNAUS RD $1,795,000 5 2.1 3,269 DETACHD 3/29/2010
179 FURNACE ST $2,195,000 3 3.1 4,784 CONDO 3/29/2010
17147 OLD RIVER DR $2,395,000 4 4.2 5,961 DETACHD 3/31/2010
1850 NORTHSHORE RD $15,000,000 4 6.2 13,500 DETACHD 4/3/2010

PENDING SALES (March 29 – April 4, 2010)

Address List Price # Beds # Baths Total SF Prop Type List Date CDOM
210 RIDGEWAY RD $113,900 1 1 778 CONDO 8/24/2009 221
4 TOUCHSTONE $129,000 2 2 984 CONDO 3/8/2010 24
852 5TH ST $250,000 2 1 738 DETACHD 11/21/2009 131
5354 LOWER DR $258,500 2 1 1,201 DETACHD 12/27/2009 96
5056 FOOTHILLS DR $269,000 2 2 1,252 CONDO 9/21/2009 194
82 WHEATHERSTONE $289,000 3 2.1 1,692 ATTACHD 2/17/2010 45
15256 BOONES WAY $299,000 2 2.1 1,600 ATTACHD 10/1/2009 350
505 8TH ST $389,000 3 1 1,050 DETACHD 11/6/2009 143
531 2ND ST $399,000 2 2 1,393 CONDO 2/3/2010 57
2753 VALE CT $399,900 3 3 2,786 DETACHD 10/30/2009 153
2251 PRESTWICK RD $407,250 3 2 2,236 DETACHD 4/1/2010 3
14 OTHELLO ST $419,000 4 2.1 2,464 DETACHD 3/12/2010 22
24 INDEPENDENCE AVE $449,950 6 3.1 3,773 DETACHD 3/5/2010 25
5 EL GRECO ST $469,000 4 2.1 2,455 DETACHD 3/29/2010 4
4311 ORCHARD WAY $519,000 4 2.1 2,916 DETACHD 2/24/2010 201
17930 MEADOWLARK LN $575,000 4 4 3,300 DETACHD 1/8/2010 84
17 SCARBOROUGH DR $579,900 4 2.1 3,290 DETACHD 3/6/2010 24
4113 WESTBAY RD $631,000 2 3 2,477 DETACHD 3/25/2010 7
18430 TAMAWAY DR $889,000 4 2.2 3,867 DETACHD 2/1/2010 59

SOLD (March 29- April 4, 2010)

Address O/Price Sold Price # Beds # Baths Total SF Prop Type CDOM
11 Oswego Summit $129,900 $130,000 2 2 1,212 CONDO 320
16250 PACIFIC HWY $200,000 $141,000 3 2 1,626 CONDO 185
45 EAGLE CREST DR $199,000 $175,000 3 2 1,348 CONDO 234
668 MCVEY AVE $209,000 $180,000 2 1 852 CONDO 34
1581 BONNIEBRAE DR $255,000 $220,000 2 2 1,393 ATTACHD 314
5858 LAKEVIEW BLVD $255,000 $227,000 2 1 1,117 DETACHD 248
1248 OAK ST $249,900 $238,500 2 1 900 DETACHD 73
29 ORIOLE LN $317,000 $240,000 3 2.1 1,644 DETACHD 175
15935 KIMBALL AVE $230,500 $257,000 3 2 1,542 DETACHD 9
4 THE GROTTO $289,000 $282,000 3 2.1 1,534 DETACHD 13
1234 MAPLE ST $349,000 $335,500 3 2 1,550 DETACHD 164
13821 REGENCY CT $409,000 $392,000 4 2.1 2,139 DETACHD 223
4137 ORCHARD WAY $475,000 $400,000 5 2.1 3,084 DETACHD 181
551 2ND ST $499,000 $499,000 2 2 1,631 CONDO 28
1430 CHERRY CREST DR $525,000 $510,000 4 3 3,302 DETACHD 158
16705 GLENWOOD CT $799,000 $665,500 4 3 4,243 DETACHD 190
1839 PALISADES LAKE CT $899,900 $899,900 4 3.1 4,570 DETACHD 168

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 for March 22-28, 2010

Lake Oswego had 18 properties come onto the market last week, along with 13 houses that went pending and 8 houses that were closed sales. Here is your market report:

NEWLY LISTED (March 22—March 28, 2010)

Address List Price # BR # BTHS Total SF Prop Type List Date
100 KERR PKWY $99,990 1 1 617 CONDO 3/22/2010
4000 CARMAN DR $147,000 2 2 866 CONDO 3/23/2010
100 KERR PKWY $169,900 2 2 823 CONDO 3/22/2010
16149 PEARCY ST $229,900 3 2 1,250 DETACHD 3/26/2010
653 A AVE $245,000 2 2 1,290 DETACHD 3/24/2010
17870 DEERBRUSH AVE $349,900 3 2.1 1,912 DETACHD 3/26/2010
534 2ND ST $359,000 2 2.1 1,394 CONDO 3/28/2010
75 CONDOLEA WAY $389,000 3 3 2,131 CONDO 3/23/2010
31 NOVA CT 434000 4 2.1 2,107 DETACHD 3/28/2010
13340 AUBURN CT 465000 3 2.1 2,451 ATTACHD 3/22/2010
17701 LEAFY LN 589000 4 3 3,600 DETACHD 3/23/2010
203 EVERGREEN RD 619000 3 3.1 1,973 ATTACHD 3/22/2010
4113 WESTBAY RD 631000 2 3 2,477 DETACHD 3/25/2010
18606 WESTVIEW DR 649900 3 2.5 2,783 DETACHD 3/22/2010
491 COUNTRY CLUB RD 679900 3 2 2,486 DETACHD 3/23/2010
2099 SUMMIT DR 699000 3 2.1 2,250 DETACHD 3/23/2010
901 LAKE SHORE RD 899000 4 3 3,216 DETACHD 3/24/2010
667 LAKE BAY CT 1399000 4 4 3,361 DETACHD 3/25/2010

PENDING SALES (March 22 – March 28, 2010)

Address List Price # BR # BTHS Total SF Prop Type CDOM
15200 BOONES WAY $169,000 2 1.1 1,248 CONDO 142
16200 PACIFIC HWY $239,000 2 2 1,200 CONDO 173
1601 GREENTREE RD $249,900 3 2.1 2,444 DETACHD 149
7 PEACOCK PL $279,950 3 2.1 1,400 DETACHD 143
5 ORIOLE LN $348,000 3 2.1 2,024 DETACHD 14
15 CHURCHILL DOWNS $368,000 4 2 2,014 DETACHD 115
4002 TEMPEST DR $430,000 4 3.1 4,319 DETACHD 33
2440 OVERLOOK DR $500,000 4 3 3,874 DETACHD 36
14279 CAMDEN LN 510000 4 2.1 2,373 DETACHD 71
14584 PFEIFER WAY 559000 3 2 2,600 DETACHD 47
5783 VICTORIA CT 595000 3 2 2,344 DETACHD 14
13315 HIDDEN BAY CT 688000 5 2.1 3,671 DETACHD 151
5245 LANGFORD LN 719000 3 2.1 2,957 DETACHD 104

SOLD (March 22- March 28, 2010)

Address O/Price Close Price # BR # BTHS Total SF Prop Type CDOM
3009 WEMBLEY PARK RD $329,000 $320,000 4 1.1 1,754 DETACHD 302
2705 ORCHARD HILL PL $374,900 $331,500 3 2.5 2,250 DETACHD 19
5026 HARTFORD PL $429,000 $425,000 4 2.1 2,887 DETACHD 570
4651 HASTINGS PL $454,900 $440,000 4 2.1 2,215 DETACHD 35
5310 WASHINGTON CT $624,900 $582,000 4 3.1 3,328 DETACHD 878
5590 KODERRA AVE $689,000 $625,000 4 2.1 3,072 DETACHD 264
4380 UPPER DR $784,900 $710,000 5 4.1 4,071 DETACHD 181
16764 ALDER CIR $1,679,000 $1,350,000 4 4.1 3,456 DETACHD 200

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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Lake Oswego Market Activity Report ~ March 15-21, 2010

We are keeping a steady pace of activity with 29 truly New, 20 Pending, and 9 Sold properties during last week’s Monday – Sunday period according to RMLS.  Of those 29 New properties, 2 are bank-owned and 3 are short-sales. (I think I’ll write a refresher soon on the distinction to refresh our readers’ memories, so stay tuned.) I included Northshore even though it was “freshened” as it had a significant $134,000. price reduction.

Here’ your data for last week (see below the tables for additional notes):
NEWLY LISTED (March 15—March 21, 2010)

Address List Price # Beds # Baths Total SF Prop Type List Date
58 GALEN ST $87,000 1 1 689 CONDO 3/15/2010
47 EAGLE CREST DR $89,100 2 1 1,009 CONDO 3/16/2010
200 BURNHAM RD $205,850 1 1 820 CONDO 3/18/2010
5054 FOOTHILLS DR $225,000 3 2 1,252 CONDO 3/16/2010
5225 JEAN RD $229,900 2 2 1,400 CONDO 3/15/2010
18420 DON LEE WAY $230,000 3 1 924 DETACHD 3/15/2010
900 CORNELL ST $274,900 3 1.1 1,300 DETACHD 3/18/2010
18 SUMMIT RIDGE CT $299,000 2 2.1 1,548 ATTACHD 3/17/2010
4251 WOODSIDE CIR $305,950 3 2 2,032 ATTACHD 3/18/2010
16540 Lake Forest BLVD $324,900 3 2 1,310 DETACHD 3/15/2010
5291 CHINOOK CT $349,900 7 3 2,331 DETACHD 3/20/2010
18156 PIONEER CT $367,300 3 2 1,600 DETACHD 3/19/2010
1559 WORTHINGTON ST $369,000 4 2 2,016 DETACHD 3/15/2010
19242 TERRY AVE $395,000 4 2 1,872 DETACHD 3/16/2010
5644 WINDFIELD LOOP $425,000 3 3 1,800 DETACHD 3/19/2010
0 Lower DR $449,000 4 2.1 2,575 DETACHD 3/19/2010
12 DA VINCI ST $455,000 4 0.3 3,925 DETACHD 3/21/2010
9 JUAREZ ST $475,000 3 3.1 2,823 DETACHD 3/15/2010
5011 ROSEWOOD ST $534,000 3 1.1 1,698 DETACHD 3/15/2010
3285 CHILDS RD $550,000 3 3 2,423 DETACHD 3/20/2010
960 LAKE FOREST DR $610,000 4 2 2,838 DETACHD 3/18/2010
780 5TH ST $640,000 4 2.1 2,488 DETACHD 3/18/2010
13970 TAYLORS CREST LN $643,490 4 2.1 3,371 DETACHD 3/17/2010
18010 GIMLEY CT $685,000 4 2.5 3,652 DETACHD 3/15/2010
1592 BAY VIEW LN $889,900 4 4.1 4,087 DETACHD 3/15/2010
17537 CARDINAL DR $995,000 4 4 5,282 DETACHD 3/15/2010
18020 SKYLAND CIR $1,198,000 5 3.1 3,328 DETACHD 3/20/2010
425 NORTHSHORE RD $1,395,000 3 3 3,270 DETACHD 3/16/2010
18820 GREENBLUFF DR $1,495,000 4 4.1 5,382 DETACHD 3/21/2010

PENDING SALES (March 15 – March 21, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
100 KERR PKWY $88,500 2 1.1 823 CONDO 77
100 KERR PKWY $90,000 2 1.1 823 CONDO 3
28 WHEATHERSTONE $230,000 3 2.1 1,692 CONDO 145
1137 SPRUCE ST $258,900 3 2 1,214 DETACHD 7
16890 CORTEZ CT $274,900 4 3 2,016 DETACHD 104
3365 UPPER DR $299,999 2 2 1,378 DETACHD 133
5373 LAKEVIEW BLVD $318,500 3 1 2,176 DETACHD 201
12519 27TH PL $339,000 3 2.1 1,975 DETACHD 15
17886 TUALATA AVE $375,000 4 2 1,994 DETACHD 218
12402 27TH PL $375,000 3 2 1,992 DETACHD 26
13707 REGENCY CT $399,000 4 2.1 2,006 DETACHD 18
533 2ND ST $399,000 2 2 1,274 CONDO 42
1414 GREENTREE CIR $449,000 4 2.1 2,330 DETACHD 37
644 7TH ST $449,000 3 2.1 1,640 DETACHD 223
2545 DELLWOOD DR $550,000 5 3.1 3,843 DETACHD 948
18081 WESTMINSTER DR $575,000 4 2.1 2,713 DETACHD 108
17644 WOODHURST PL $629,900 3 2.1 4,509 DETACHD 927
2688 RIVENDELL RD $723,000 4 3 3,720 DETACHD 405
16511 Maple CIR $925,000 3 3 3,341 DETACHD 16
8 DOVER WAY $999,000 6 4.2 6,244 DETACHD 184

SOLD (March 15- March 21, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
5225 Jean RD $189,500 $160,000 2 2 1,100 CONDO 92
668 MCVEY AVE $249,500 $220,000 3 1.2 992 CONDO 56
15 ORIOLE LN $269,900 $264,000 2 2 1,470 DETACHD 23
4955 GALEN ST $455,000 $410,000 3 2.1 1,887 DETACHD 76
624 LIVINGOOD LN $380,000 $440,000 4 3 2,596 DETACHD 15
26 WESTRIDGE DR $479,900 $479,900 4 3 2,758 DETACHD 308
5546 KODERRA AVE $539,900 $502,707 3 2.1 2,445 DETACHD 632
4699 AVERY LN $575,000 $555,000 4 3 2,829 DETACHD 4
13701 SW KNAUS RD $1,595,000 $775,000 5 4.1 5,730 DETACHD 219

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 for March 8th to 14th, 2010

Last week brought 26 new listings, 24 pending sales, and 16 closed sales. I think it’s beginning to feel a lot like spring!

Here is your data for last week (see below the tables for additional notes):

NEWLY LISTED (March 8—March 16, 2010)

Address List Price # BR # BTHS Total SF Prop Type List Date
4 TOUCHSTONE $129,000 2 2 984 CONDO 3/8/2010
4000 CARMAN DR $129,000 2 2 836 CONDO 3/9/2010
18 CRESTFIELD CT $137,500 2 1 923 CONDO 3/11/2010
181 Oswego Summit $200,000 2 2 1,383 CONDO 3/12/2010
1210 PINE ST $217,500 3 1.1 1,720 DETACHD 3/9/2010
13 ERASMUS ST $219,000 2 2.1 1,414 ATTACHD 3/8/2010
1137 SPRUCE ST $258,900 3 1.1 1,214 DETACHD 3/10/2010
12824 BOONES FERRY RD $275,000 2 2.1 1,398 CONDO 3/9/2010
5 SUMMIT RIDGE CT 298500 2 2.1 1,576 ATTACHD 3/8/2010
5 ORIOLE LN 348000 3 2.1 2,024 DETACHD 3/10/2010
18357 HEATHER ANN CT 449000 3 2 1,832 DETACHD 3/11/2010
4671 Lakeview BLVD 499900 4 2.1 2,575 DETACHD 3/12/2010
4941 HASTINGS DR 549000 4 2.1 2,530 DETACHD 3/13/2010
16925 DEPOT ST 549900 4 2.1 2,893 DETACHD 3/12/2010
2031 LILLI LN 550000 3 3.1 3,418 DETACHD 3/12/2010
19266 SW MEGLY CT 589900 4 3 3,575 DETACHD 3/12/2010
5783 VICTORIA CT 595000 3 2 2,344 DETACHD 3/10/2010
2329 STONEHURST CT 615000 4 3 3,275 DETACHD 3/8/2010
17363 BROOKHURST DR 625000 4 2.1 3,420 DETACHD 3/12/2010
5587 Carman Drive 739000 4 3.1 2,617 DETACHD 3/12/2010
1736 PALISADES TERRACE DR 739950 3 2.1 3,079 DETACHD 3/9/2010
1414 COUNTRY COMMONS 1095000 4 3.1 5,679 DETACHD 3/11/2010
112 NORTHSHORE CIR 1760000 4 4.2 3,632 DETACHD 3/9/2010
1460 SKYLAND DR 1900000 4 4.1 4,760 DETACHD 3/9/2010
1066 NORTHSHORE RD 2795000 4 5.1 4,224 DETACHD 3/12/2010
1186 CRESTLINE CT 5950000 6 6.3 14,411 DETACHD 3/10/2010

PENDING SALES (March 8 – March 14, 2010)

Address List Price # BR # BTHS Total SF Prop Type CDOM
59 GALEN ST $89,950 1 1 550 CONDO 97
8 OSWEGO SMT $129,900 2 2 1,140 CONDO 115
16250 PACIFIC HWY $150,000 3 2 1,626 CONDO 185
775 BOCA RATAN DR $180,000 3 3 2,401 DETACHD 186
550 S STATE ST $189,000 2 1 920 CONDO 59
45 EAGLE CREST DR $199,000 3 2 1,348 CONDO 234
5858 LAKEVIEW BLVD $244,000 2 1 1,117 DETACHD 248
150 KINGSGATE RD $314,900 3 2 1,502 DETACHD 239
1650 FIRCREST DR 325000 4 3 2,384 DETACHD 537
516 7TH ST 355000 3 2.1 1,502 DETACHD 12
14300 SHERBROOK PL 358500 3 2.1 1,924 DETACHD 141
624 LIVINGOOD LN 380000 4 3 2,596 DETACHD 15
523 2nd ST 399000 2 2 1,274 CONDO 38
13821 REGENCY CT 409000 4 2.1 2,139 DETACHD 223
4137 ORCHARD WAY 435000 5 2.1 3,084 DETACHD 181
13448 AUBURN CT 469000 3 2.1 2,535 ATTACHD 131
4763 AVERY LN 514900 4 2.1 2,566 DETACHD 19
1430 CHERRY CREST DR 525000 4 3 3,302 DETACHD 158
10 OTHELLO ST 549900 4 3 3,440 DETACHD 3
17079 CHERRY CREST AVE 575000 3 2.1 3,002 DETACHD 30
13460 SNOWBERRY CT 582500 3 2.1 3,327 DETACHD 243
1224 TYNDALL CT 799000 4 3.1 4,157 DETACHD 306
14435 UPLANDS DR 799995 4 3.1 4,822 DETACHD 115
749 SOUTHVIEW RD 899000 4 2.1 3,052 DETACHD 4

SOLD (March 8- March 14, 2010)

Address O/Price Close Price # BR # BTHS Total SF Prop Type CDOM
16250 PACIFIC HWY $178,900 $110,000 1 1 859 CONDO 860
668 MCVEY AVE $219,998 $147,000 2 1 852 CONDO 882
65 GREENRIDGE CT $215,000 $148,800 2 2 1,314 CONDO 80
1547 BOCA RATAN DR $208,900 $194,000 2 1.1 1,008 ATTACHD 168
105 KINGSGATE RD $279,500 $269,900 3 2 1,500 DETACHD 203
16111 LINDSAY CT $347,500 $323,000 3 2.1 1,840 DETACHD 73
17755 HILL WAY $364,900 $339,900 4 3 1,831 DETACHD 70
980 C AVE $399,500 $360,000 3 2 1,312 DETACHD 145
529 2ND ST 535600 399000 2 2 1,339 CONDO
17121 WALL ST 475000 448000 3 2.1 2,187 DETACHD 391
3745 TEMPEST DR 547500 465000 4 3 2,573 DETACHD 411
11 MORNINGVIEW CIR 547000 525000 3 2.1 2,921 DETACHD 235
557 2ND ST 797355 649000 2 2.1 1,833 CONDO
1505 COUNTRY CLUB RD 759900 660000 6 4.1 5,463 DETACHD 229
5322 ROSALIA WAY 799999 685000 4 2.1 3,500 DETACHD 87
5234 WESTFIELD CT 724900 689000 4 3 3,252 DETACHD 8

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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Lake Oswego Market Activity Report ~ March 1-7, 2010

There are a whopping 31 truly New, 16 Pending, and 8 Sold properties during last week’s Monday – Sunday period according to RMLS.

Here’ your data for last week (see below the tables for additional notes):
NEWLY LISTED (March 1—March 7, 2010)

Address List Price # Beds # Baths Total SF Prop Type List Date
129 OSWEGO SMT $80,000 1 1 764 CONDO 3/1/2010
4 TOUCHSTONE $184,900 2 2 1,029 CONDO 3/2/2010
87 OSWEGO SMT $209,900 2 1.1 1,116 ATTACHD 3/2/2010
5057 FOOTHILLS DR $229,000 3 2 1,252 CONDO 3/2/2010
18021 TUALATA AVE $269,999 3 1 1,410 DETACHD 3/5/2010
16200 PACIFIC HWY $279,900 2 2 1,208 CONDO 3/1/2010
2320 GLEN HAVEN RD $319,900 3 1.1 1,346 DETACHD 3/7/2010
4505 WILDWOOD ST $329,900 3 2 1,720 DETACHD 3/5/2010
12519 27TH PL $339,000 3 2.1 1,975 DETACHD 3/1/2010
16969 ALDER CIR $369,900 3 2 1,534 DETACHD 3/1/2010
6338 WASHINGTON CT $384,900 3 1 1,558 DETACHD 3/2/2010
13707 REGENCY CT $399,000 4 2.1 2,006 DETACHD 3/1/2010
17763 MARDEE AVE $399,500 5 3 2,300 DETACHD 3/3/2010
446 LIVINGOOD LN $399,900 4 2 2,440 DETACHD 3/1/2010
2104 WEMBLEY PARK RD $469,000 4 3 2,052 DETACHD 3/1/2010
2794 VALE CT $486,000 3 2.1 2,968 DETACHD 3/2/2010
452 EVERGREEN RD $489,000 4 1.1 1,677 ATTACHD 3/3/2010
24 INDEPENDENCE AVE $499,950 6 3.1 3,773 DETACHD 3/5/2010
15266 CANDLEWOOD CT $499,988 4 3 2,569 DETACHD 3/1/2010
19 FALSTAFF ST $500,000 4 2.1 3,207 DETACHD 3/1/2010
17802 HILLSIDE WAY $514,998 4 2.1 2,965 DETACHD 3/1/2010
12 MONTICELLO DR $549,000 4 2.1 3,658 DETACHD 3/4/2010
17 SCARBOROUGH DR $579,900 4 2.1 3,290 DETACHD 3/6/2010
4 NANSEN SUMMIT $625,000 4 2.1 3,257 DETACHD 3/1/2010
1015 SW SOUTHSHORE BLVD $789,000 4 3 3,522 DETACHD 3/1/2010
17151 CORNELL ST $835,000 4 3 3,422 DETACHD 3/2/2010
2886 UPPER DR $850,000 2 3 2,674 DETACHD 3/7/2010
749 SOUTHVIEW RD $899,000 4 2.1 3,052 DETACHD 3/5/2010
16511 Maple CIR $925,000 3 3 3,341 DETACHD 3/1/2010
17344 CEDAR RD $1,099,000 4 2.1 2,831 DETACHD 3/1/2010
408 Northshore RD $1,399,000 4 3.1 3,753 DETACHD 3/1/2010

PENDING SALES (March 1 – March 7, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE $129,000 2 2 979 CONDO 6
73 GALEN ST $139,900 2 2 995 CONDO 116
668 MCVEY AVE $209,000 2 1 852 CONDO 34
15935 KIMBALL AVE $230,500 3 2 1,542 DETACHD 9
15 BLOCH TER $274,900 3 2.1 1,973 ATTACHD 176
18530 PILKINGTON RD $274,950 3 2 1,925 DETACHD 445
15 SAINT HELENS CIR $309,800 3 2 1,528 DETACHD 6
1234 MAPLE ST $339,900 3 2 1,550 DETACHD 164
1565 BEDFORD CT $344,900 3 2 1,978 DETACHD 251
15921 KIMBALL AVE $389,900 3 2 2,309 DETACHD 3
16044 INVERURIE RD $399,000 2 1 952 DETACHD 27
13052 KNAUS RD $475,000 5 3 3,026 DETACHD 34
551 2ND ST $499,000 2 2 1,631 CONDO 28
4668 HASTINGS PL $574,900 3 2.1 2,630 DETACHD 0
1052 TROON RD $659,900 3 2.1 2,310 DETACHD 112
17379 Canal CIR $998,000 4 4 3,421 DETACHD 7

SOLD (March 1- March 7, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
17659 DEEMAR WAY $249,000 $140,000 3 2 1,382 DETACHD 90
3 SUMMIT RIDGE CT $300,000 $260,000 2 2.1 1,576 ATTACHD 218
13680 SHIREVA DR $299,900 $289,900 3 2 1,504 DETACHD 23
702 TERRACE DR $475,000 $370,000 3 3 3,429 DETACHD 103
4040 VIRGINIA WAY $524,900 $515,000 3 2.1 2,623 DETACHD 243
4581 HASTINGS PL $574,900 $550,000 4 2.1 2,985 DETACHD 24
17649 WOODHURST PL $776,900 $567,000 6 4.1 5,669 DETACHD 285
567 6TH ST $779,000 $779,000 4 3.1 2,568 DETACHD 81

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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Lake Oswego Market Activity Report ~ Feb 22-28, 2010

There were 20 New, 12 Pending, and 7 Sold properties during last week’s Monday – Sunday period according to RMLS.  Of the “New” properties hitting the market, 4 of them (Townhomes/Condos) are listed at under $200,000., and 5 of the “Detached” residences are listed at under $400,000.  Of the 7 “Detached” residences that Sold, 4 of them were $400,000 and under. Nothing over a million is New, Pending or Sold this week… as a matter of fact, $619,900 topped the “Sold” price tags this time around in Lake Oswego.

Here’ your data for last week (see below the tables for additional notes):
NEWLY LISTED (Feb. 22—Feb. 28, 2010)

Address List Price # Beds # Baths Total SF Prop Type List Date
47 EAGLE CREST DR $105,000 3 1 1,024 CONDO 2/25/2010
4 TOUCHSTONE $129,000 2 2 979 CONDO 2/28/2010
4000 CARMAN DR $142,000 2 2 973 CONDO 2/23/2010
16 MOUNTAIN CIR $189,000 2 2 1,065 ATTACHD 2/26/2010
26 CONDOLEA DR $229,900 2 2 1,420 CONDO 2/26/2010
3433 MCNARY PKWY $250,000 2 2.1 1,156 CONDO 2/24/2010
15 SAINT HELENS CIR $309,800 3 2 1,528 DETACHD 2/24/2010
3269 PHYLLIS CT $349,900 3 1.2 1,711 DETACHD 2/26/2010
6380 SW WASHINGTON CT $375,000 3 2 1,720 DETACHD 2/22/2010
624 LIVINGOOD LN $380,000 4 3 2,596 DETACHD 2/23/2010
1285 LEE ST $395,000 3 3 2,284 DETACHD 2/25/2010
37 D AVE $450,000 3 1.1 1,701 DETACHD 2/22/2010
57 CONDOLEA TER $469,000 2 2.1 2,172 CONDO 2/22/2010
9 MASARYK ST $499,999 4 3 2,822 DETACHD 2/27/2010
1162 LAKESHORE RD $550,000 2 1.1 1,248 DETACHD 2/22/2010
18238 TAMAWAY DR $595,000 5 3 5,504 DETACHD 2/22/2010
7 MOUNTAIN VIEW LN $659,500 5 2.1 3,324 DETACHD 2/22/2010
17645 OAK MEADOW LN $719,900 4 2.1 3,510 DETACHD 2/23/2010
17555 REDFERN AVE $749,900 4 3.1 3,007 DETACHD 2/26/2010
16827 SCOTT CT $969,000 4 3.1 3,952 DETACHD 2/28/2010

PENDING SALES (Feb. 22 – Feb. 28, 2010)

Address List Price # Beds # Baths Total SF Prop Type CDOM
7 CRESTFIELD CT $89,900 1 1 689 CONDO 10
47 EAGLE CREST DR $110,000 2 1 932 CONDO 25
1547 BOCA RATAN DR $198,600 2 1.1 1,008 ATTACHD 168
4948 MEADOWS RD $222,000 3 2 2,491 DETACHD 253
1248 OAK ST $244,900 2 1 900 DETACHD 73
668 MCVEY AVE $249,500 3 1.2 992 CONDO 56
29 ORIOLE LN $265,000 3 2.1 1,644 DETACHD 175
980 C AVE $399,500 3 2 1,312 DETACHD 145
4002 TEMPEST DR $430,000 4 3.1 4,319 DETACHD 8
5400 BAY CREEK DR $499,900 4 2.1 2,856 DETACHD 277
13504 STREAMSIDE DR $590,000 4 2.1 3,467 DETACHD 216
260 PINE VALLEY RD $995,000 4 3.1 3,900 DETACHD 522

SOLD (Feb. 22- Feb. 28, 2010)

Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
2062 CEDAR CT $299,000 $310,000 4 2 1,800 DETACHD 237
15430 PARTRIDGE DR $379,000 $356,000 3 2.1 2,207 DETACHD 118
2530 PALISADES CREST DR $376,200 $392,000 4 2.1 2,774 DETACHD 20
3634 TEMPEST DR $424,900 $400,000 4 3 2,931 DETACHD 3
830 CABANA LN $668,250 $572,941 4 3.1 3,029 DETACHD 79
38 DA VINCI ST $629,000 $615,000 4 2.1 2,932 DETACHD 214
9 HIDALGO ST $670,000 $619,900 4 4.2 5,310 DETACHD 525

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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Lake Oswego Market Trends

I thought it would be interesting to do a couple of snap shots of various price points in the Lake Oswego real estate market. These each cover all listing/sold activity for the last six months and are divided into value ranges. These are for single-family, detached homes and are all located in the 97034 and 97035 zip codes.  Click on any of the graphs to see a larger, easier-to-read version:

Houses priced from $200,000 to $400,000

  • 166 were offered for sale
  • 88 sold
  • There is currently a listing inventory of 6.3 month
  • The average sales price was $324,773
  • Among the sold homes, the CDOM (cumulative days on the market) averaged 129 days

Houses priced from $400,000 to $600,000

  • 156 were offered for sale
  • 71 sold
  • There is currently a listing inventory of 10.7 months
  • The average sales price was $480,964
  • Average cumulative days on the market to sell was 165 days

Houses priced from $600,000 to $800,000

  • 76 were offered for sale
  • 36 sold
  • There is currently an inventory of 10.7 months
  • The average sales price was $701,924
  • Cumulative days on the market to sell was 234

Houses priced from $800,000 to $1,200,000

  • 76 were offered for sale
  • 30 sold
  • There is an inventory of 17.2 months
  • Average sales price was $947,899
  • Cumulative days on the market to sell was 373 days

Homes priced $1,200,000 to $2,200,000

  • 52 were offered for sale
  • 16 sold
  • There is a 24.5 month inventory
  • Average sales price was $1,552,281
  • Cumulative days on the market was 323

I like these little snap shots.  It allows you to visually see the market.  It is very apparent that the first-time-home buyer tax credit that was originally supposed to expire in November had a big impact on the less expensive homes (we will probably see something similar this April with the extension).  It’s also very easy to see that less expensive homes sell more easily than more expensive homes.  Cumulative days on the market in the expensive homes is out and out ugly.

One reason for doing this post, this week, was so that I could play with the new statistics function being offered to Realtors by the RMLS.  Our local multiple listing service was the first in the entire United States to go completely web-based about 8 years ago.  Since then they have continued to push the functions of the website and the new statistics function is the latest enhancement.  It still has some limitations, but it is really cool.  Linda and I can now take snap shots of pretty much any part of the market, depending on what our clients needs are, and produce these spiffy graphs and statistics.  Besides being fun, I think it’s going to be extremely helpful.

I hope you found something useful in the information presented today.  If you have any other areas of the market you’d like studied or questions you’d like answered, just let us know.

Dianne

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Market Activity for February 15-21, 2010

This past week brought 26 new listings onto the market in Lake Oswego, 8 houses received offers that were accepted, and 6 houses closed escrow.
(see below the tables for additional notes):

NEWLY LISTED (Feb. 15—Feb. 21, 2010)

Address List Price # BR # BTHS Total SF Prop Type List Date
7 CRESTFIELD CT $89,900 1 1 689 CONDO 2/16/2010
44 EAGLE CREST DR $154,000 3 2 1,085 CONDO 2/19/2010
1652 BONNIEBRAE DR $219,900 3 1.1 1,303 CONDO 2/21/2010
16250 PACIFIC HWY $259,000 2 2 1,305 CONDO 2/15/2010
82 WHEATHERSTONE $289,000 3 2.1 1,692 ATTACHD 2/17/2010
12892 BOONES FERRY RD $309,000 2 2.1 1,136 CONDO 2/16/2010
2638 GREENTREE RD $319,900 4 2 2,712 DETACHD 2/17/2010
5110 LAKEVIEW BLVD $339,900 3 2 1,340 DETACHD 2/15/2010
5756 KENNY ST 339900 3 2.1 1,542 DETACHD 2/20/2010
2030 GREENTREE RD 368900 3 2 1,613 DETACHD 2/15/2010
14138 KNAUS RD 375000 4 2 2,001 DETACHD 2/18/2010
18414 SANDPIPER ST 385900 3 2.1 1,712 DETACHD 2/19/2010
4200 COBB WAY 399000 3 3 2,400 DETACHD 2/18/2010
4002 TEMPEST DR 430000 4 3.1 4,319 DETACHD 2/17/2010
18640 TUALATA AVE 439000 4 3 2,087 DETACHD 2/15/2010
5475 WILLOW CT 479900 3 2.1 2,438 ATTACHD 2/19/2010
4763 AVERY LN 514900 4 2.1 2,566 DETACHD 2/18/2010
2440 OVERLOOK DR 525000 4 3 3,874 DETACHD 2/15/2010
5043 ROSEWOOD ST 549900 3 3 2,680 DETACHD 2/16/2010
325 3RD ST 559900 2 2.1 1,937 ATTACHD 2/19/2010
5035 ROSEWOOD ST 564900 3 3 2,875 DETACHD 2/17/2010
45 DA VINCI ST 649000 3 3.1 3,122 DETACHD 2/16/2010
14002 TAYLORS CREST LN 650000 4 3 3,086 DETACHD 2/17/2010
5705 SOUTHWOOD DR 739900 3 2.1 3,372 DETACHD 2/18/2010
4114 CASEY CT 879000 4 2.1 3,405 DETACHD 2/18/2010
983 LAKE FRONT RD 1595000 3 2 2,199 DETACHD 2/18/2010

PENDING SALES (Feb. 15 – Feb. 21, 2010)

Address List Price # BR # BTHS Total SF Prop Type CDOM
47 EAGLE CREST DR $95,000 2 1 932 CONDO 399
1950 BONNIEBRAE DR $179,500 2 1.1 1,056 ATTACHD 91
860 MCVEY AVE $261,360 8 5.1 3,648 DETACHD 8
16266 LAKE FOREST BLVD $314,999 3 2 1,860 DETACHD 303
4051 VIRGINIA WAY $334,900 4 2.1 1,658 DETACHD 139
18040 ROYCE WAY $649,980 5 3 3,780 DETACHD 259
16705 GLENWOOD CT $699,000 4 3 4,243 DETACHD 190
16764 ALDER CIR $1,679,000 4 4.1 3,456 DETACHD 200

SOLD (Feb. 15 – Feb. 21, 2010)

Address O/Price Close Price # BR # BTHS Total SF Prop Type CDOM
45 SW EAGLE CREST DR $205,000 $197,000 3 2 1,348 CONDO 50
192 RIDGEWAY RD $235,000 $200,000 2 1 1,659 CONDO 148
4447 GOLDEN LN $249,000 $229,000 2 2.1 1,980 ATTACHD 531
19 BECKET ST $399,995 $399,995 4 3.1 3,818 DETACHD 72
4938 MULHOLLAND DR $478,500 $450,000 3 2.1 2,498 ATTACHD 217
13311 LESLIE CT $1,479,000 $1,300,000 4 4.1 5,601 DETACHD 223

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 for February 8-14, 2010

Last week brought us 14 new listings, 13 pending sales, and 7 closed sales. I want to point out one of the new listings.  Every now and then something comes on the market that just screams at me that it is a great deal.  The house at 17471 Cardinal does that to me.  It just came onto the market as a foreclosure and is priced at $575,900.  It was built in 1973 and has 3056 square feet with 4 bedrooms and 2 and a half baths.  That all sounds pretty normal as far as values goes.  What makes this house amazing is that it’s on Blue Heron Canal.  This is Oswego Lake waterfront for $575,900.  It looks to be in average condition.  Not all updated with granite and stainless steel, but also not a total dog house.  The last time I saw something anywhere near this price on a canal it was a total fixer.  I think this house is a great opportunity for someone who wants a deal on the lake.
(see below the tables for additional notes):

NEWLY LISTED (Feb. 8—Feb. 14, 2010)

Address List Price # BR # BTHS Total SF Prop Type List Date
96 CERVANTES CIR $139,900 2 1.1 912 CONDO 2/10/2010
3433 SW MCNARY PKWY $153,000 2 2 1,008 CONDO 2/10/2010
4340 BOTTICELLI ST $239,900 3 3.1 2,098 CONDO 2/11/2010
860 MCVEY AVE $261,360 8 5.1 3,648 DETACHD 2/11/2010
5055 Foothills DR $274,900 3 2 1,252 CONDO 2/10/2010
44 ORIOLE LN $329,000 4 2.1 2,224 DETACHD 2/14/2010
16044 INVERURIE RD $399,000 2 1 952 DETACHD 2/8/2010
4236 HARVEY WAY $399,500 3 2.1 1,870 DETACHD 2/12/2010
32 CHURCHILL DOWNS 448250 4 2.1 3,016 DETACHD 2/9/2010
17471 CARDINAL DR 575900 4 2.1 3,056 DETACHD 2/11/2010
1000 ATWATER RD 699500 4 3 2,200 DETACHD 2/10/2010
731 F AVE 750000 4 2.1 2,668 DETACHD 2/8/2010
19226 MEGAN PL 765000 3 2.1 3,392 DETACHD 2/8/2010
2125 RIDGE POINTE DR 879000 4 3.1 3,489 DETACHD 2/13/2010

PENDING SALES (Feb. 8 – Feb. 14, 2010)

Address List Price # BR # BTHS Total SF Prop Type CDOM
28 CRESTFIELD CT $79,950 2 2 923 CONDO 5
16250 PACIFIC HWY $99,900 1 1 848 CONDO 1049
3433 MCNARY PKWY $129,900 2 2.1 1,208 CONDO 132
5225 Jean RD $164,900 2 2 1,100 CONDO 92
323 CERVANTES $165,000 2 2 1,265 CONDO 84
17659 DEEMAR WAY $169,000 3 2 1,382 DETACHD 90
65 GREENRIDGE CT $180,000 2 2 1,314 CONDO 80
3009 WEMBLEY PARK RD $329,000 4 1.1 1,754 DETACHD 302
16111 LINDSAY CT 333500 3 2.1 1,840 DETACHD 73
4651 HASTINGS PL 454900 4 2.1 2,215 DETACHD 35
26 WESTRIDGE DR 479900 4 3 2,758 DETACHD 308
5590 KODERRA AVE 689000 4 2.1 3,072 DETACHD 264
64 BERWICK RD 759000 4 3.1 3,740 DETACHD 66

SOLD (Feb. 8 – Feb. 14, 2010)

Address O/Price Close Price # BR # BTHS Total SF Prop Type CDOM
668 MCVEY AVE $143,550 $136,400 3 1.1 992 CONDO 95
13050 BOONES FERRY RD $359,900 $350,000 3 2 2,632 DETACHD 170
19 MORNINGVIEW CIR $469,900 $450,000 3 2.1 2,337 DETACHD 4
401 ASH ST $825,000 $485,000 5 4 5,320 DETACHD 469
18269 TAMAWAY DR $569,000 $490,000 4 2.1 3,293 DETACHD 51
2000 WEMBLEY PARK RD $540,000 $550,000 4 3 2,660 DETACHD 89
17677 WESTVIEW DR $1,423,000 $1,320,000 5 4.1 5,031 DETACHD 130

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.